Insurance news

• Roach Howard Smith & Barton Adds Raetzman as VP

  24-06-2015 22:50
  
  Drew Raetzman joined Texas-based Roach Howard Smith & Barton as vice president of Employee Benefits. Raetzman assists employers in providing group benefit packages to their employees while controlling costs, ensuring compliance, and reducing the employer’s administrative burden. He is certified …
  The article Roach Howard Smith & Barton Adds Raetzman as VP appeared first on Insurance Journal.
  
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• Merz Joins Westfield Insurance as Actuarial, Analytics Leader

  24-06-2015 22:45
  
  Westfield Insurance, a super-regional property/casualty insurance carrier based in Westfield Center, Ohio, hired James Merz to the new role of group actuarial and analytics leader. Merz assumes overall responsibility for the company’s Analytics Resource Center and the Actuarial department. Merz …
  The article Merz Joins Westfield Insurance as Actuarial, Analytics Leader appeared first on Insurance Journal.
  
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• Rotted Beams Identified In Deadly Northern California Balcony Collapse

  24-06-2015 22:41
  
  A balcony that snapped off an apartment building and led to the deaths of six college students was supported by wooden beams that had been badly rotted by exposure to moisture, building inspectors in Berkeley, Calif., said. The city Building …
  The article Rotted Beams Identified In Deadly Northern California Balcony Collapse appeared first on Insurance Journal.
  
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• Alaska Wildfires Grow, Prompt Evacuations

  24-06-2015 22:37
  
  Intensifying wildfires in Alaska have led to evacuations in several parts of the state, including a tiny village where residents fled on boats. A firefighter on one blaze also was treated for a bear bite after encountering the animal while …
  The article Alaska Wildfires Grow, Prompt Evacuations appeared first on Insurance Journal.
  
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• Bad weather may affect insurance rates - Tahlequah Daily Press

  24-06-2015 21:54 via tahlequahdailypress.com
  
  Tahlequah Daily Press
  Bad weather may affect insurance rates
  Tahlequah Daily Press
  Oklahomans have taken more than their fair share of extreme weather this month, and insurance rates may be affected. Those with homes damaged by Mother Nature, whether through Oklahoma's notoriously high winds and tornadoes, or this year's flooding, ...
  
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• BlackRock, Deutsche continue insurance AUM dominance despite DeAWM ... - Pensions & Investments

  24-06-2015 21:41 via pionline.com
  BlackRock, Deutsche continue insurance AUM dominance despite DeAWM ...
  Pensions & Investments
  BlackRock (BLK) and Deutsche Asset & Wealth Management continue to sit atop the rankings of the largest managers of outsourced insurance company assets, said a survey from the Insurance Investment Outsourcing Report.
  BlackRock stays top of insurance asset manager rankingsInsurance Asset Riskall 2 news articles »
  
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• 7 in California and Washington Charged With 100+ Counts of Auto Insurance

  24-06-2015 21:19
  
  Seven people in California and Washington were arrested for allegedly conspiring to defraud eight insurance companies by submitting fraudulent auto insurance claims totaling more than $175,000. Detectives from the California Department of Insurance, assisted by Snohomish County Marshall’s Office and …
  The article 7 in California and Washington Charged With 100+ Counts of Auto Insurance appeared first on Insurance Journal.
  
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• LP Insurance Services in California Taps Whitfield

  24-06-2015 21:08
  
  LP Insurance Services Inc. has named Cory Whitfield as a risk management consultant in its risk management services division in Sacramento, Calif. At LP Insurance, he is responsible for on-site inspections, safety program development, and management training and employee education. …
  The article LP Insurance Services in California Taps Whitfield appeared first on Insurance Journal.
  
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• Winners and losers under Florida Citizens' proposed 2016 personal lines rates

  24-06-2015 20:46
  
  Florida Citizens Property Insurance Co.'s Board of Governors approved a 2016 rate package that will lower rates for nearly half of its personal lines policyholders.
  
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• How Much Do You Pay for Insurance? - Lifehacker

  24-06-2015 20:00 via lifehacker.com
  
  Lifehacker
  How Much Do You Pay for Insurance?
  Lifehacker
  Insurance is one of those things we hate paying for and also hope we never need to use. And it takes up a big chunk of our budgets. How much are you spending on homeowners, health, life, and/or auto insurance? The folks at NerdWallet did a study of the ...and more »
  
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• Insurance May Not Save Lives, But It Saves Money - Bloomberg View

  24-06-2015 19:35 via bloombergview.com
  
  Bloomberg View
  Insurance May Not Save Lives, But It Saves Money
  Bloomberg View
  Five years ago, just as Congress was preparing to pass Obamacare, I wrote a piece for The Atlantic that triggered an immense amount of displeasure. An advocate had pronounced that "hundreds of thousands" of people would die if the law did not pass, ...
  Medical Insurance Is Good for Financial Health, TooNew York Times
  Obamacare's First Year Brought Health Insurance To Millions, Official Survey SaysH
  
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• States Offer a Mixed Picture on Health- Insurance Costs - Wall Street Journal

  24-06-2015 19:18 via wsj.com
  
  Forbes
  States Offer a Mixed Picture on Health- Insurance Costs
  Wall Street Journal
  WASHINGTON—Some states are grappling with higher insurance costs for consumers while others are seeing record-low requests for premium increases in 2016 because of the Affordable Care Act, state insurance commissioners told Congress Wednesday.
  Behind On Health Insurance Premiums: What Happens?Forbes
  How Long Will My Health Insurance Cover My Claims If I Don't Pay My Premium?Money
  I'm Behind on My Health
  
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• RLI Promotes 2 in Claim Department

  24-06-2015 18:57
  
  Peoria, Ill.-based specialty property/casualty insurer RLI Corp. has promoted two leaders within the claim department. Andrea Dean, assistant vice president, Claim counsel, has been promoted to vice president, Claim counsel. Dean will continue to be responsible for managing claim-related litigation …
  The article RLI Promotes 2 in Claim Department appeared first on Insurance Journal.
  
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• Texas-Based TWFG Recognizes Top Producers

  24-06-2015 18:54
  
  The Woodlands, Texas-based TWFG recognized its outstanding agents from across the nation during the company’s recent national convention. TWFG also introduced its new slogan — “Our Policy is Caring: Our Vision For The Future” Recognized agents include: Personal Lines Agents of the Year …
  The article Texas-Based TWFG Recognizes Top Producers appeared first on Insurance Journal.
  
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• Task force: Massachusetts Is in Midst of Opioid Abuse Epidemic

  24-06-2015 18:48
  
  Massachusetts is in the midst of an epidemic of deadly opioid abuse, according to a task force created by Gov. Charlie Baker that said Monday that drug addiction must be considered a medical disease. The 18-member group released a total …
  The article Task force: Massachusetts Is in Midst of Opioid Abuse Epidemic appeared first on Insurance Journal.
  
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• Michigan Hit with Damaging Winds, Tornados, Flooding

  24-06-2015 18:48
  
  A series of severe thunderstorms that pushed damaging winds and tornados into several parts of Michigan on Monday and Tuesday wrecked homes and knocked out power to thousands of people, officials said. From Monday afternoon through early Tuesday, the National …
  The article Michigan Hit with Damaging Winds, Tornados, Flooding appeared first on Insurance Journal.
  
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• Severe Storms, Tornado Damage Homes, Injure 7 in Illinois

  24-06-2015 18:45
  
  At least seven people were injured as severe thunderstorms that swept across northern Illinois spawned a tornado, damaged homes and uprooted trees. Particularly hard hit Monday night was Coal City, a community of approximately 5,000 residents about 60 miles southwest …
  The article Severe Storms, Tornado Damage Homes, Injure 7 in Illinois appeared first on Insurance Journal.
  
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• Oklahoma Mourns P/C Insurance Guaranty Assoc. Manager Fitch - Insurance Journal

  24-06-2015 18:43 via insurancejournal.com
  
  Oklahoma Mourns P/C Insurance Guaranty Assoc. Manager Fitch
  Insurance Journal
  The Oklahoma Insurance Department reported the loss of Larry W. Fitch, 71, who was the general manager of the Oklahoma Property and Casualty Insurance Guaranty Association. Fitch died on June 19. “Larry has played a major role in the Oklahoma ...
  Oklahoma Loses Long-time Insurance Expert Larry FitchPR Newswire (press release)all 2 news articles »
  
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• Oklahoma Mourns P/C Insurance Guaranty Assoc. Manager Fitch

  24-06-2015 18:43
  
  The Oklahoma Insurance Department reported the loss of Larry W. Fitch, 71, who was the general manager of the Oklahoma Property and Casualty Insurance Guaranty Association. Fitch died on June 19. “Larry has played a major role in the Oklahoma insurance …
  The article Oklahoma Mourns P/C Insurance Guaranty Assoc. Manager Fitch appeared first on Insurance Journal.
  
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• Operator of Ruptured Arkansas Gas Pipeline Was Cited in 2011

  24-06-2015 18:35
  
  Federal inspectors found several violations during their most recent review of Spectra Energy’s Texas Eastern Transmission system, which includes the pipeline that burst in the Arkansas River in May. Spectra Energy was cited during the 2011 inspection for three violations, …
  The article Operator of Ruptured Arkansas Gas Pipeline Was Cited in 2011 appeared first on Insurance Journal.
  
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• Damage from South Texas Flood Reaches $12M, Officials Say

  24-06-2015 18:34
  
  The damage toll has been counted from flash flooding in South Texas on June 19. Edinburg City Manager Ramiro Garza told reporters that about 300 houses and 22 businesses were damaged after up to 6 inches of rainfall over two …
  The article Damage from South Texas Flood Reaches $12M, Officials Say appeared first on Insurance Journal.
  
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• Fidelis Group Holdings Opens New Flagship Office in NYC

  24-06-2015 18:29
  
  Fidelis Group Holdings LLC (FGH), with its subsidiary company Continental Underwriters Ltd. (CUL), a national marine insurance coverage and service provider, announced the recent opening of its new flagship office located in Lower Manhattan, New York City. The Lower Manhattan …
  The article Fidelis Group Holdings Opens New Flagship Office in NYC appeared first on Insurance Journal.
  
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• NYC’s Taxi Regulatory Agency OKs New App Rules for Uber, Lyft

  24-06-2015 18:10
  
  New York City’s taxi regulatory agency on Monday approved new rules governing how Uber and other app-based car services operate within the five boroughs. Part of the proposal unanimously passed allows the companies to update their apps without approval from …
  The article NYC’s Taxi Regulatory Agency OKs New App Rules for Uber, Lyft appeared first on Insurance Journal.
  
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• Learn Latin or buy bicycle insurance? Hmm - San Diego Reader

  24-06-2015 18:02 via sandiegoreader.com
  
  San Diego Reader
  Learn Latin or buy bicycle insurance? Hmm
  San Diego Reader
  It's late in the afternoon, not quite dusk. I'm driving a Dodge pickup truck along a residential street I've driven over for 15 years. Up ahead is a stop light. I'll make a left there, drive another block, make a right and turn into my driveway. I pull ...
  
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• Michigan's health insurance expansion uncertain - Crain's Detroit Business

  24-06-2015 17:57 via crainsdetroit.com
  
  Michigan's health insurance expansion uncertain
  Crain's Detroit Business
  LANSING — Michigan's expansion of medical insurance under the federal health law hangs in the balance at the U.S. Supreme Court and inside the Obama administration. The court in coming days will rule on the legality of tax subsidies for 228,000 ...and more »
  
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• Conewago Township man arrested in insurance fraud case - abc27

  24-06-2015 17:54 via abc27.com
  
  abc27
  Conewago Township man arrested in insurance fraud case
  abc27
  Dover, Pa. (WHTM) – A Conewago Township man was arrested following an investigation into a claim that his vehicle was stolen. On April 27, M… German Chancellor Angela Merkel arrives for an EU summit at the European Council building in Brussels ...and more »
  
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• Firefighters Battle Blazes in 4 Western States

  24-06-2015 17:38
  
  Wildfires are sweeping through several dry Western states, including a massive blaze burning out of control in Northern California. A look at the latest hotspots and what crews are doing to control them: Northern California A wildfire has grown to …
  The article Firefighters Battle Blazes in 4 Western States appeared first on Insurance Journal.
  
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• BHSI Launches E&O Coverage for Insurance Executives, Employees

  24-06-2015 17:34
  
  Berkshire Hathaway Specialty Insurance (BHSI) has introduced Professional First Insurance Company Professional Liability Insurance, which provides customizable coverage for U.S. insurance companies, their executives and employees. The policy provides coverage for claims arising from alleged errors or omissions in the …
  The article BHSI Launches E&O Coverage for Insurance Executives, Employees appeared first on Insurance Journal.
  
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• Insurance claims, tree removal, power outages, charging phones: How to get ... - NJ.com

  24-06-2015 17:33 via nj.com
  
  NJ.com
  Insurance claims, tree removal, power outages, charging phones: How to get ...
  NJ.com
  Thousands of people are without power in South Jersey Wednesday after serious thunderstorms swept through the southern half of the state, knocking down massive trees, causing road closures, and ripping signs and siding off of buildings. Today, many ...and more »
  
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• Top 10 Metro Areas for Vehicle Theft

  24-06-2015 17:07
  
  Although vehicle thefts are down dramatically around the nation, there are still particular areas where thieves thrive. California’s San Francisco-Oakland-Hayward Metropolitan Statistical Area (MSA) had the nation’s highest per capita vehicle theft rate in 2014, according to the National Insurance …
  The article Top 10 Metro Areas for Vehicle Theft appeared first on Insurance Journal.
  
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• Buckner Co. in Utah Joins RiskProNet International

  24-06-2015 17:00
  
  Salt Lake City, Utah-based The Buckner Co. has joined RiskProNet International, an association of independent insurance brokers in North America. The Buckner Co. is an insurance brokerage with six offices in Utah, Idaho and Colorado. The provides all essential insurance …
  The article Buckner Co. in Utah Joins RiskProNet International appeared first on Insurance Journal.
  
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• Requested health insurance premium increase in Md. unjustified - Baltimore Sun

  24-06-2015 16:16 via baltimoresun.com
  
  Requested health insurance premium increase in Md. unjustified
  Baltimore Sun
  Health insurance companies in Maryland are asking the state for premium increases that are way out of line with the actual cost of providing health care and it's the people who pay for that care whose wallets would be hit hardest. lRelated CareFirst ...
  
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• Disaster preparedness: In search of a better business model

  24-06-2015 16:07
  
  Disaster preparedness in the United States is built on a paradoxical business model.
  
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• Teachers in Hampden-Wilbraham protest proposal to increase health insurance ... - MassLive.com

  24-06-2015 16:01 via masslive.com
  
  MassLive.com
  Teachers in Hampden-Wilbraham protest proposal to increase health insurance ...
  MassLive.com
  WILBRAHAM — Teachers and retired teachers packed a Tuesday night School Committee meeting to protest a proposal to increase the premiums retirees pay for health insurance. The Hampden-Wilbraham Regional School Committee voted to set Aug.
  
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• Around the industry: June 24, 2015

  24-06-2015 15:59
  
  News from Zurich, AIR, Ironshore, American Modern and more.
  
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• ‘Seismicity’ – Re/Insurers Ponder the Impact of Human-Caused Earthquakes

  24-06-2015 15:47
  
  Earthquakes, the natural kind caused by the movements of vast tectonic plates, have been occurring since the dawn of time. But now there is a new type of quake, the study of which has been labeled “seismicity,” which is being …
  The article ‘Seismicity’ – Re/Insurers Ponder the Impact of Human-Caused Earthquakes appeared first on Insurance Journal.
  
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• Stone Capital invests in Alliant Insurance Services - Thomson Reuters' peHUB (press release)

  24-06-2015 15:46 via pehub.com
  
  Business Insurance
  Stone Capital invests in Alliant Insurance Services
  Thomson Reuters' peHUB (press release)
  Alliant Insurance Services, which is backed by KKR, has secured an undisclosed investment from Stone Capital LLC. As a result of the transaction, KKR will remain a “significant” shareholder in Alliant. Headquartered in Newport Beach, California ...
  Alliant Insurance Services Announces Significant Investment from Stone Point ...Business Wire (press release)
  Alliant gets new private e
  
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• Examining the who, what, where and how of data safety

  24-06-2015 15:43
  
  With the cost of data breaches on the rise, employee training becomes a critical component in preventing them.
  
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• Senate Advances Fast Track Trade Bill

  24-06-2015 15:14
  
  The U.S. Senate advanced legislation that would give President Barack Obama enhanced authority to complete free-trade deals including a landmark agreement with Pacific nations. The 60-37 vote Tuesday paves the way for final passage Wednesday. Because the U.S. House has …
  The article Senate Advances Fast Track Trade Bill appeared first on Insurance Journal.
  
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• Democrats Vow One Sentence Fix If Court Ends Obamacare Subsidies

  24-06-2015 15:12
  
  Democrats are prepared to quickly come up with a legislative solution should the U.S. Supreme Court rule in the next few days to invalidate a central part of President Barack Obama’s signature healthcare law, party leaders in the Senate said …
  The article Democrats Vow One Sentence Fix If Court Ends Obamacare Subsidies appeared first on Insurance Journal.
  
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• The 10 most & least expensive states for adding a teen driver to an auto policy [Ranked]

  24-06-2015 15:04
  
  Ready to add a teen driver to your existing policy? How much it costs you might depend a lot on where you live.
  
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• The 10 most expensive states for adding a teen driver to an auto policy [Ranked]

  24-06-2015 15:04
  
  Ready to add a teen driver to your existing policy? How much it costs you might depend a lot on where you live.
  
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• Judge Delays Federal Fracking Safety Regulations

  24-06-2015 15:01
  
  New U.S. fracking safety rules set to take effect Wednesday were put on hold by a Wyoming federal judge who said he needed more evidence to decide whether to block them as requested by drillers and four western states. Before …
  The article Judge Delays Federal Fracking Safety Regulations appeared first on Insurance Journal.
  
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• Scottsdale’s Underwriting Senior VP Tiepelman to Retire

  24-06-2015 14:50
  
  Scottsdale Insurance Co. announced that Gary Tiepelman, senior vice president of Contract and Professional Lines Underwriting, is retiring in August. Hired by founder Rollie Wiegers in 1982 as the company’s thirteenth employee, Tiepelman helped grow Scottsdale Insurance from nothing to …
  The article Scottsdale’s Underwriting Senior VP Tiepelman to Retire appeared first on Insurance Journal.
  
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• New Worker Classification Needed for Sharing Economy, Uber Drivers

  24-06-2015 14:22
  
  This question of whether an Uber driver is an employee doesn’t matter just to Uber. As you may have heard, the on-demand car-service juggernaut lost a case early this month before the California Labor Commissioner on whether a driver was …
  The article New Worker Classification Neededfor Sharing Economy, Uber Drivers appeared first on Insurance Journal.
  
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• Health Insurance: The elephant in the (waiting) room - ITworld

  24-06-2015 14:01 via itworld.com
  
  ITworld
  Health Insurance: The elephant in the (waiting) room
  ITworld
  The perils of owning a business are many. Among the biggest challenges is health care for principals and employees. This is a bit off topic for a tech blog but I am shocked at how little the current state of health care has been discussed since the ...
  
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• The aging workforce: Solutions for today’s greatest challenge in workers’ comp

  24-06-2015 13:30
  
  The aging of the workforce is a trend that can’t be ignored by workers’ compensation and insurance professionals.
  
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• Lloyd’s Stops Insuring Marijuana Firms Due to U.S. Law Conflicts

  24-06-2015 12:44
  
  A decision by Lloyd’s of London to stop insuring any risks relating to the marijuana industry has caught those in the insurance industry working with this segment off-guard. In a May 29 memo addressed “Dear Colleague,” obtained by Insurance Journal, …
  The article Lloyd’s Stops Insuring Marijuana Firms Due to U.S. Law Conflicts appeared first on Insurance Journal.
  
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• Advanced Markets Drive 3.7% Global Premium Growth in 2014: Swiss Re

  24-06-2015 12:40
  
    The global insurance industry gained momentum in 2014, with total direct premiums increasing by 3.7 percent to $4.778 trillion after having stagnated the previous year, according to Swiss Re’s latest “sigma” study. The life sector returned to positive growth, …
  The article Advanced Markets Drive 3.7% Global Premium Growth in 2014: Swiss Re appeared first on Insurance Journal.
  
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• ThoughtWorks Provides New Thinking for Insurers’ Software Needs

  24-06-2015 10:50
  
  Wardour Street in Central London’s SoHo district has long been known for film and TV productions, but it’s now home to hi-tech enterprises as well. Jaydeep (Jay) Korde, client principal at ThoughtWorks, one of the most innovative creators of what …
  The article ThoughtWorks Provides New Thinking for Insurers’ Software Needs appeared first on Insurance Journal.
  
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