Insurance news

• Lawmakers approve moped insurance requirement - WRAL.com

  23-06-2015 21:22 via wral.com
  
  WRAL.com
  Lawmakers approve moped insurance requirement
  WRAL.com
  Raleigh, N.C. — After years of debate over the issue, the state Senate gave final approval Tuesday to requiring moped drivers to carry liability insurance. House Bill 148 requires moped drivers to have minimum liability insurance as defined under ...
  NC lawmakers approve insurance mandate on moped ownersThe Virginian-Pilotall 19 news articles »
  
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• Willis North America Appoints Collins as Growth Leader in New York

  23-06-2015 20:01
  
  Willis North America, a unit of Willis Group Holdings plc, the global risk advisory, re/insurance broking, and human capital and benefits firm, appointed Paul Collins as growth leader for Willis’s Metro region, where he will be responsible for business development …
  The article Willis North America Appoints Collins as Growth Leader in New York appeared first on Insurance Journal.
  
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• UnitedHealth leaves insurance industry lobbying group AHIP - Reuters

  23-06-2015 19:37 via reuters.com
  Minneapolis / St. Paul Business Journal
  UnitedHealth leaves insurance industry lobbying group AHIP
  Reuters
  NEW YORK UnitedHealth Group Inc is planning to leave the health insurer industry's biggest trade group, America's Health Insurance Plans, or AHIP, saying it no longer represents the best interests of the company or its customers. UnitedHealth is the ...
  UnitedHealth leaves nation's largest health insurance trade groupMinneapolis / St. Paul Business Journalall 39 news articles&n
  
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• Magic Johnson adds life insurance co. to empire - USA TODAY

  23-06-2015 19:17 via usatoday.com
  
  USA TODAY
  Magic Johnson adds life insurance co. to empire
  USA TODAY
  Retired basketball superstar Earvin "Magic" Johnson just added a $14.5 billion life insurance company to his growing business and sports empire, Magic Johnson Enterprises (MJE). On Tuesday, MJE, which Johnson founded in 1987, said it completed its ...
  Morning Briefing: Magic Johnson buys insurance companyInsurance Business America
  Magic Johnson Enterprises Buys Life Insurance FirmLos Angeles Business Journalall 5
  
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• 5 federal agencies issue flood insurance rule

  23-06-2015 19:05
  
  The final rule implements provisions of the Homeowner Flood Insurance Affordability Act of 2014 relating to the escrowing of flood insurance payments and the exemption of certain detached structures from the mandatory flood insurance purchase requirement.
  
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• IMCA Presents ‘Innovation Torchbearer Award’ to Insurance Information Institute

  23-06-2015 19:00
  
    The Insurance Information Institute (I.I.I.) has been awarded the 2015 Innovation Torchbearer Award at the Insurance Marketing & Communications Association’s (IMCA) 2015 Annual Conference  in Nashville, Tenn. The I.I.I. is a non-profit communications organization supported by the insurance industry. …
  The article IMCA Presents ‘Innovation Torchbearer Award’ to Insurance Information Institute appeared first on Insurance Journal.
  
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• Blue Cross Blue Shield of Vermont Trying to Recoup Over $500K

  23-06-2015 18:59
  
  Vermont’s largest insurance carrier is trying to recover more than $500,000 in claims for 600 patients who mistakenly received benefits due to a Vermont Health Connect’s technological error. The state’s online health insurance exchange caused backlogs in updating patient information …
  The article Blue Cross Blue Shield of Vermont Trying to Recoup Over $500K appeared first on Insurance Journal.
  
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• USAA Piloting Auto Insurance Quotes in California Through Google Compare

  23-06-2015 18:58
  
  California drivers shopping for auto insurance online can now receive USAA rate quotes and coverage information in their Google search results through the Google Compare service that debuted in March 2015. USAA is piloting the program in California in an …
  The article USAA Piloting Auto Insurance Quotes in California Through Google Compare appeared first on Insurance Journal.
  
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• Commentary: An Economic Case for Internal Perpetuation

  23-06-2015 18:54
  
  I would like to tell you why I believe there is a good reason for you to strongly consider perpetuation for your agency. There is a sound and understandable economic justification that suggests that there is as much value to …
  The article Commentary: An Economic Case for Internal Perpetuation appeared first on Insurance Journal.
  
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• Dogs Assist Investigators in Sniffing out Georgia Arson Cases

  23-06-2015 18:47
  
  Iggie is one of the most important tools in Columbus, Ga.’s fight against arson, and he’s only two years old. Iggie is a yellow lab trained to detect fire accelerants such as gasoline and other materials favored by arsonists. He’s …
  The article Dogs Assist Investigators in Sniffing out Georgia Arson Cases appeared first on Insurance Journal.
  
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• N.J. Banking and Insurance Commissioner Kobylowski to Leave Post

  23-06-2015 18:46
  
  New Jersey Gov. Chris Christie announced Monday the departure of three long-serving cabinet members: Banking and Insurance Commissioner Ken Kobylowski, State Treasurer Andrew Sidamon-Eristoff and Health Commissioner Mary O’Dowd. Kobylowski will leave the administration over the next several weeks, according …
  The article N.J. Banking and Insurance Commissioner Kobylowski to Leave Post appeared first on Insurance Journal.
  
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• More Rain for Water-Soaked Missouri a Concern

  23-06-2015 18:45
  
  Rain-swollen rivers either crested or started to fall across much of Missouri on June 22, but a National Weather Service flood expert warned that more rain is on the way over the next several days and the water could rise …
  The article More Rain for Water-Soaked Missouri a Concern appeared first on Insurance Journal.
  
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• Arkansas State Troopers Now Redacting Crash-Report Data

  23-06-2015 18:41
  
  Arkansas State Police is citing a 21-year-old federal privacy law as their reason for withholding information from vehicle crash reports. The Arkansas Democrat-Gazette reports that the agency’s new policy, which began June 4, means the only personal information available on …
  The article Arkansas State Troopers Now Redacting Crash-Report Data appeared first on Insurance Journal.
  
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• Arkansas State Troopers Are Now Redacting Crash-Report Data

  23-06-2015 18:41
  
  Arkansas State Police is citing a 21-year-old federal privacy law as their reason for withholding information from vehicle crash reports. The Arkansas Democrat-Gazette reports that the agency’s new policy, which began June 4, means the only personal information available on …
  The article Arkansas State Troopers Are Now Redacting Crash-Report Data appeared first on Insurance Journal.
  
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• Nominations Sought for New Arkansas Insurance Hall of Fame

  23-06-2015 18:39
  
  Arkansas insurance industry leaders have established the Arkansas Insurance Hall of Fame (AIHF) and are now taking nominations for its first honorees. The AIHF will be housed within the College of Business at the University of Central Arkansas. Its formation was led by …
  The article Nominations Sought for New Arkansas Insurance Hall of Fame appeared first on Insurance Journal.
  
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• Nominations Requested for New Arkansas Insurance Hall of Fame

  23-06-2015 18:39
  
  Arkansas insurance industry leaders have established the Arkansas Insurance Hall of Fame (AIHF) and are now taking nominations for its first honorees. The AIHF will be housed within the College of Business at the University of Central Arkansas. Its formation was led by …
  The article Nominations Requested for New Arkansas Insurance Hall of Fame appeared first on Insurance Journal.
  
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• Willis Makes Leadership Appointments in Southeast

  23-06-2015 18:38
  
  Willis North America, a unit of Willis Group Holdings plc, has made a series of senior appointments to its southeast business operations. Hiram Marrero has been appointed national partner of Willis’s South Region. He will be responsible for the firm’s …
  The article Willis Makes Leadership Appointments in Southeast appeared first on Insurance Journal.
  
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• NFP Acquires Chicago’s Schwartz Insurance Agency

  23-06-2015 18:32
  
  Insurance broker and consultant, NFP Corp., has acquired Schwartz Insurance Agency Inc. (SIA), located in the Chicago area. SIA is a third-generation insurance broker specializing in commercial lines. The firm joins NFP Property & Casualty’s Midwest region, where Michael L. …
  The article NFP Acquires Chicago’s Schwartz Insurance Agency appeared first on Insurance Journal.
  
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• Midwest Employers Casualty Adds Branco as Medical Director

  23-06-2015 18:28
  
  Midwest Employers Casualty Company (MECC), which specializes in excess workers’ compensation, has hired Dr. Fernando S. Branco as medical director. Branco will lead a team of six medical management consultants who work with third party administratorss to implement interventions to …
  The article Midwest Employers Casualty Adds Branco as Medical Director appeared first on Insurance Journal.
  
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• Celebrating 10 Years, Willis of Austin Announces 10 New Hires

  23-06-2015 18:26
  
  Announcing it is celebrating its tenth anniversary, risk advisor, re/insurance broker and human capital and benefits firm, Willis of Austin, also reported it has hired 10 new colleagues this year. The new hires in the Austin, Texas, office are: Matt …
  The article Celebrating 10 Years, Willis of Austin Announces 10 New Hires appeared first on Insurance Journal.
  
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• Gen Y drives auto insurance satisfaction higher

  23-06-2015 18:10
  
  The latest J.D. Power study shows that insurers are getting it right when it comes to customer satisfaction.
  
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• Alliant in California Announces Investment from Stone Point Capital

  23-06-2015 17:43
  
  Newport Beach, Calif.-based Alliant Insurance Services announced a significant equity investment from funds managed by Stone Point Capital LLC. In connection with the transaction, funds managed by Stone Point will become Alliant’s largest institutional shareholders. Following the transaction, Alliant’s existing …
  The article Alliant in California Announces Investment from Stone Point Capital appeared first on Insurance Journal.
  
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• Oregon Suit Seeks Homeowners Insurance for Disabled Owners of Pit Bulls

  23-06-2015 17:37
  
  People with disabilities shouldn’t be turned down for homeowners insurance just because they have pit bulls for service dogs, a federal court lawsuit filed in Oregon says. Undercover testers who told an insurance company they had disabilities and used pit …
  The article Oregon Suit Seeks Homeowners Insurance for Disabled Owners of Pit Bulls appeared first on Insurance Journal.
  
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• CIG in California Names Doll Vice President and Chief Actuary

  23-06-2015 17:24
  
  Monterey, Calif.-based Capital Insurance Group has named Andrew Doll vice president and chief actuary. Doll began his insurance career as an actuarial analyst in 1990. Following that he began working for a national insurance company as a senior actuarial analyst, …
  The article CIG in California Names Doll Vice President and Chief Actuary appeared first on Insurance Journal.
  
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• Givesurance Will Turn Your Insurance Payments Into Charitable Donations - TechCrunch

  23-06-2015 17:01 via techcrunch.com
  
  TechCrunch
  Givesurance Will Turn Your Insurance Payments Into Charitable Donations
  TechCrunch
  Givesurance, a startup that helps users donate a cut of their insurance premiums to charity, is launching out of beta today. Users provide Givesurance with the name of their insurance company, policy number, state, and expiration date. Givesurance then ...
  
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• Mitilier Joins EPIC in Southern California

  23-06-2015 17:00
  
  Edgewood Partners Insurance Center  has named Vanessa Ruiz Mitilier a senior consultant and producer in the firm’s Southern California employee benefits consulting practice. Mitilier will be based in EPIC’s Irvine, Calif. office. She will be responsible for new business development …
  The article Mitilier Joins EPIC in Southern California appeared first on Insurance Journal.
  
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• Low Interest Rates Challenge European Insurers: A.M. Best Report

  23-06-2015 16:49
  
  The low interest rate environment represents a significant challenge for insurers, according to a report published by A.M. Best. “European insurers are struggling to generate investment income as the majority of their invested assets are held in high-quality fixed-income securities,” …
  The article Low Interest Rates Challenge European Insurers: A.M. Best Report appeared first on Insurance Journal.
  
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• Federal Agencies Issue Flood Insurance Rule for Lenders

  23-06-2015 16:26
  
  Five federal regulatory agencies have signed off on a joint rule that modifies regulations for loans secured by properties located in special flood hazard areas. The final rule implements provisions of the Homeowner Flood Insurance Affordability Act of 2014 (HFIAA) …
  The article Federal Agencies Issue Flood Insurance Rule for Lenders appeared first on Insurance Journal.
  
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• The keys: What to look for when valuing pianos in property claims

  23-06-2015 16:12
  
  From electric keyboards to baby grands, determining value requires a little “know-how.”
  
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• Alliant Reports ‘Significant’ Investment from Stone Point Capital

  23-06-2015 16:00
  
  Specialty insurance brokerage Alliant Insurance Services announced what it termed “a significant equity investment” from funds managed by Stone Point Capital LLC. The Newport Beach, California-based broker, which is also backed by the investment manager Kohlberg Kravis Roberts & Co. …
  The article Alliant Reports ‘Significant’ Investment from Stone Point Capital appeared first on Insurance Journal.
  
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• The 10 most expensive data breaches to date

  23-06-2015 15:08
  
  The average cost of a data breach hit $5.9 million in 2014, up 9% from the previous year. How much have insurers lost?
  
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• People on the move: June 23, 2015

  23-06-2015 14:39
  
  News from USI, Breckenridge, Marsh, Lockton and more.
  
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• Happy birthday Uber, now grow up!

  23-06-2015 14:38
  
  Not only is Uber not paying for any required permits, access fees or carrying required insurance throughout Florida, they are attempting to get the legislature to tell them it's ok after the fact.
  
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• The Travel Insurance You Didn't Know You Had - International Business Times

  23-06-2015 14:12 via ibtimes.com
  
  International Business Times
  The Travel Insurance You Didn't Know You Had
  International Business Times
  Your credit card may reimburse you in the case of delayed or canceled flights. seanfoneill/Creative Commons. I recently wrote about how your credit card might give you access to a travel concierge who can help you plan your next trip. But that's not ...
  
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• Crop Insurance Payments for Drought More Than for Flooding

  23-06-2015 13:39
  
  Farmers are reaping higher yields and ranchers’ feed costs have fallen sharply since flooding swept across the southern U.S. Plains in May, with the record rains providing tangible benefits to agriculture despite causing damage that will likely cost billions of …
  The article Crop Insurance Payments for Drought More Than for Flooding appeared first on Insurance Journal.
  
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• U.S. Warns of Dire Consequences If No Global Action on Climate Change

  23-06-2015 13:33
  
  Labor productivity would dwindle as workers wilt in the heat. Summers in Illinois would feel like a Louisiana swamp. Epic downpours and surging seas of the future would leave $5 trillion in losses. And worsening air quality would result in …
  The article U.S. Warns of Dire Consequences If No Global Action on Climate Change appeared first on Insurance Journal.
  
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• Cat Modeling in a New, more Open Phase: Aon Benfield/Impact Forecasting

  23-06-2015 12:42
  
  Over thirty years ago Karen Clark produced the first catastrophe model – for hurricanes. Since then the use of these valuable tools has changed the face of the re/insurance industry. They are indispensable for the developed world in studying and …
  The article Cat Modeling in a New, more Open Phase: Aon Benfield/Impact Forecasting appeared first on Insurance Journal.
  
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• Most Drivers Mum About Ridesharing, Although Many Agents Ask

  23-06-2015 12:30
  
  Roughly three quarters of ridesharing drivers don’t have ridesharing insurance, and nearly eight-in-10 conduct their ridesharing activities covertly and keep their insurer or agent in the dark. Two informal polls from a popular Forbes blogger known as The Rideshare Guy …
  The article Most Drivers Mum About Ridesharing, Although Many Agents Ask appeared first on Insurance Journal.
  
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• ACE Names Skoro as Head of Distribution, Sub-Saharan Africa

  23-06-2015 10:48
  
  ACE Insurance South Africa announced that Milenko Skoro, head of sales and distribution A&H, has been promoted to the newly created role of head of distribution, Sub-Saharan Africa as the company continues to strengthen its insurance capabilities in the region. …
  The article ACE Names Skoro as Head of Distribution, Sub-Saharan Africa appeared first on Insurance Journal.
  
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• Canada Lays New Charges Against Railway in Lac-Megantic Derailment

  23-06-2015 10:01
  
  The Canadian government has hit Montreal, Maine & Atlantic Railway Ltd. with fresh charges over a 2013 derailment that killed 47 people. The charges were laid Monday against the company and its president, Robert Grindrod, according to Zach Segal, a …
  The article Canada Lays New Charges Against Railway in Lac-Megantic Derailment appeared first on Insurance Journal.
  
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• 4 Arrests Made in Florida Injury Clinic PIP Fraud

  23-06-2015 07:12
  
  The Florida Division of Insurance Fraud has announced the arrest of Dr. Douglas Price, owner of the Florida Pain Trauma and Injury Clinic in Auburndale, Fla., and three others on charges related the operation of a complex PIP fraud scam. …
  The article 4 Arrests Made in Florida Injury Clinic PIP Fraud appeared first on Insurance Journal.
  
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• North Carolina Congressman’s Tree Falls on Postal Service Vehicle, Kills Worker

  23-06-2015 06:52
  
  A postal worker is dead after her passing vehicle was crushed by a falling tree owned by a North Carolina congressman. Multiple media organizations reported the 43-year-old female mail carrier died June 20 when the large tree fell on her …
  The article North Carolina Congressman’s Tree Falls on Postal Service Vehicle, Kills Worker appeared first on Insurance Journal.
  
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• Obamacare's First Year Brought Health Insurance To Millions, Official Survey Says - Huffington Post

  23-06-2015 06:01 via huffingtonpost.com
  
  New York Times
  Obamacare's First Year Brought Health Insurance To Millions, Official Survey Says
  Huffington Post
  WASHINGTON -- Millions of people gained health insurance last year as Affordable Care Act benefits took effect, according to the first official accounting by the federal government. In 2014, 36 million U.S. residents, or 11.5 percent of the population ...
  Medical Insurance Is Good for Financial Health, TooNew York Times
  Number without health insurance falls steeply in U.S., but o
  
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• Money Saving Insurance Gadget Could Cost You - CBS Local

  23-06-2015 05:10 via miami.cbslocal.com
  
  CBS Local
  Money Saving Insurance Gadget Could Cost You
  CBS Local
  MIAMI (CBSMiami) – You've probably seen the ads on TV for a device drivers plug into their cars to save money on insurance premiums. A growing number of consumers, however, have complained the popular program ended up costing them money and ...and more »
  
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• Keeping Your Insurance Rates Down After Storms - KELOLAND TV

  23-06-2015 05:10 via keloland.com
  KELOLAND TV
  Keeping Your Insurance Rates Down After Storms
  KELOLAND TV
  These first few weeks of June are always volatile in our weather and historically a big time for property damage. For some homeowners, recent storms can mean another claim in a string of many going against them on their insurance policy. When the winds ...
  
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• Vietnam passes amendment to unpopular social insurance law - Yahoo News

  23-06-2015 04:52 via news.yahoo.com
  
  Vietnam passes amendment to unpopular social insurance law
  Yahoo News
  HANOI, Vietnam (AP) — Vietnam's National Assembly has back tracked on a controversial social insurance law that sparked massive protests earlier this year. The lawmakers overwhelmingly passed a resolution allowing laborers to receive a one-time ...and more »
  
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• Arthur J. Gallagher Acquires Monument LLC in Pennsylvania

  23-06-2015 04:39
  
  Arthur J. Gallagher & Co. announced today that it has acquired Monument LLC, a program administrator headquartered in Malvern, Pennsylvania, with an additional office in Newport Beach, California. Terms of the transaction were not disclosed. Established in 2002, Monument is …
  The article Arthur J. Gallagher Acquires Monument LLC in Pennsylvania appeared first on Insurance Journal.
  
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• Public hearings begin for 2016 health insurance rates - Statesman Journal

  23-06-2015 04:31 via statesmanjournal.com
  
  Public hearings begin for 2016 health insurance rates
  Statesman Journal
  The Department of Consumer and Business Services has released its preliminary decisions for Oregon's 2016 individual and small group health insurance rates, approving significant hikes for many carriers. In the individual market, the rates requested ...
  
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• Renters insurance: A life lesson for a fire victim who went with - WSFA.com ... - WSFA

  23-06-2015 02:45 via wsfa.com
  
  Renters insurance: A life lesson for a fire victim who went with - WSFA.com ...
  WSFA
  Mark Whitaker had no renters insurance, and lost everything in a Monday morning apartment fire. (Source: WAFF). HUNTSVILLE, AL (WAFF) -. Renters insurance certainly helps in situations like an apartment fire. It's relatively inexpensive and can save ...and more »
  
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• Should I buy travel insurance? - 13WMAZ

  23-06-2015 02:29 via 13wmaz.com
  
  Should I buy travel insurance?
  13WMAZ
  A number of folks jump at this offer, out of fear or simply out of impulse, and the U.S. Travel Insurance Association estimates that about $1.9 billion in policies are sold annually, according to the most recent numbers. Loading… Post to Facebook ...and more »
  
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