Insurance news

• Oregon Backs Hefty Rise in Health-Insurance Premiums - Wall Street Journal

  02-07-2015 23:51 via wsj.com
  
  Wall Street Journal
  Oregon Backs Hefty Rise in Health-Insurance Premiums
  Wall Street Journal
  Oregon's insurance regulator has approved big premium increases sought by health plans for 2016 under the health law, and in some cases ordered higher raises than insurers requested, signaling that the cost of insurance for people who buy it on their ...
  Oregon health insurance premiums to rise in 2016KTVZ
  Insurance Division approves rate hikes for individual policies in 2016Bend Bulletin
  Health Ins
  
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• RIC in California Names Gans Chief Operating Officer

  02-07-2015 23:46
  
  Santa Rosa, Calif.-based RIC Insurance General Agency Inc. has named Jeff Gans chief operating officer. Gans reports to Gary Kitchen, president and CEO. Gans joined RIC in February 2015 as vice president of business development. He was previously with Capital …
  The article RIC in California Names Gans Chief Operating Officer appeared first on Insurance Journal.
  
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• Same-Sex Marriage Simplifies Some Tax and Insurance Issues, Complicates ... - Inc.com

  02-07-2015 22:13 via inc.com
  Inc.com
  Same-Sex Marriage Simplifies Some Tax and Insurance Issues, Complicates ...
  Inc.com
  The Supreme Court's same-sex marriage ruling made things better for LGBT people, but it could make things trickier for your business. 0 SHARES. WRITE A COMMENT. This image is hidden. Click to adjust visibility. Add Image. IMAGE: Getty Images.and more »
  
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• WV settles Nationwide Insurance lawsuit for $5.75 million - State Journal

  02-07-2015 21:21 via statejournal.com
  
  State Journal
  WV settles Nationwide Insurance lawsuit for $5.75 million
  State Journal
  Homeland Security Secretary Jeh Johnson says his department is encouraging law enforcement to be vigilant and prepared ahead of the July 4th holiday in the U.S. following attacks in France, Tunisia and Kuwait. Homeland Security Secretary Jeh Johnson ...
  Attorney General Announces Large Settlement with Nationwide InsuranceWSAZ-TV
  Morrisey announces settlement over Nationwide insurance discountsCharleston D
  
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• NYC Legislators Seek to Put Limits on Rideshare Vehicles During Study

  02-07-2015 20:10
  
  Staff and drivers for ride-hailing company Uber gathered outside City Hall on Tuesday, June 30, to protest legislation that would put limits on for-hire vehicles while the city conducts a study on whether the sharp growth of the industry has …
  The article NYC Legislators Seek to Put Limits on Rideshare Vehicles During Study appeared first on Insurance Journal.
  
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• Vermont Issues Bulletin on Price Optimization in Personal Lines Ratemaking

  02-07-2015 18:59
  
  Vermont regulators issued a bulletin last week addressing the issue of “price optimization” in personal lines ratemaking. The Vermont Department of Financial Regulation (DFR) noted in the bulletin that some property/casualty insurers have been relying upon a practice called price …
  The article Vermont Issues Bulletin on Price Optimization in Personal Lines Ratemaking appeared first on Insurance Journal.
  
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• Cummins Named Exec. Director of IICF – Midwest Division

  02-07-2015 18:55
  
  Mary Cummins has been tapped to lead the Insurance Industry Charitable Foundation – Midwest Division. Cummins will serve as the group’s new executive director and will be instrumental in charting and implementing the future growth of the Midwest Division and the …
  The article Cummins Named Exec. Director of IICF – Midwest Division appeared first on Insurance Journal.
  
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• SkiSafe Expands Sailboat Coverage to Live Aboard Vessels

  02-07-2015 18:54
  
  SkiSafe insurance has broadened its underwriting guidelines for its Sailboat Insurance program to provide coverage for sailboat risks with live aboard exposures.  In addition to the clientele of sailors already utilizing the SkiSafe program for protection against vessel damage, liability …
  The article SkiSafe Expands Sailboat Coverage to Live Aboard Vessels appeared first on Insurance Journal.
  
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• Texas Insurance Trade Group: Beware of July 4 Driving

  02-07-2015 18:43
  
  Traffic records dating back 30 years continually list July 4 as the deadliest day to travel on our roadways, the Insurance Council of Texas reports. With July 4 landing on a Saturday this year, the mix of summer travel, the …
  The article Texas Insurance Trade Group: Beware of July 4 Driving appeared first on Insurance Journal.
  
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• 6 Arrested in Louisiana for Oakdale Arsons

  02-07-2015 18:27
  
  A monthlong investigation by the Louisiana State Fire Marshal’s Office into a string of fires in Oakdale has resulted in the arrest of six people, including three Allen Parish volunteer firefighters. Authorities said in a news release that Johnny West, …
  The article 6 Arrested in Louisiana for Oakdale Arsons appeared first on Insurance Journal.
  
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• No Proof of Insurance Threatens South Dakota 4-H Rodeo

  02-07-2015 18:22
  
  A rodeo for 4-H members scheduled for this weekend in northeastern South Dakota is in jeopardy because organizers have not submitted proof of insurance to local officials. The Aberdeen American News reports Brown County commissioners threated to deny a lease …
  The article No Proof of Insurance Threatens South Dakota 4-H Rodeo appeared first on Insurance Journal.
  
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• Missouri Settles with American Modern Insurance over Excessive Rates

  02-07-2015 18:19
  
  The Missouri Department of Insurance announced a regulatory agreement with American Modern Insurance Group Inc. over allegations that the company charged excessive rates in lender placed homeowners policies. Missouri regulators participated in a multistate market conduct action of American Modern …
  The article Missouri Settles with American Modern Insurance over Excessive Rates appeared first on Insurance Journal.
  
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• N.H. Law Banning Drivers’ Use of Hand-Held Devices Goes Into Effect

  02-07-2015 18:19
  
  New Hampshire is now the 15th state to bar drivers from using hand-held cellphones while driving. The new “hands-free” law, in effect as of Wednesday, July 1, applies to all hand-held devices, including GPS units, tablets and laptops. Violators face …
  The article N.H. Law Banning Drivers’ Use of Hand-Held Devices Goes Into Effect appeared first on Insurance Journal.
  
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• Missouri Pair Sentenced to Prison for Arson, Insurance Fraud

  02-07-2015 18:18
  
  Two men have been sentenced to federal prison for arson and insurance conspiracy after authorities say they conspired to burn houses they bought and insured in Kansas City, Mo. A news release from U.S. Attorney Tammy Dickinson says 28-year-old Joshua …
  The article Missouri Pair Sentenced to Prison for Arson, Insurance Fraud appeared first on Insurance Journal.
  
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• Hub International Acquires The HDH Group in Pittsburgh

  02-07-2015 18:01
  
  Insurance brokerage Hub International Limited announced today its acquisition of Pittsburgh-based The HDH Group (HDH). Terms of the acquisition were not disclosed. HDH will establish a new regional operation for Hub that will serve as a platform for future expansion …
  The article Hub International Acquires The HDH Group in Pittsburgh appeared first on Insurance Journal.
  
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• Wyoming Governor Creates Panel to Assess Marijuana

  02-07-2015 17:44
  
  Wyoming Gov. Matt Mead is creating a council to gauge the effects of marijuana usage in the state ahead of a push for a legalization initiative that could put the issue before voters next year. Mead announced Tuesday he’s putting …
  The article Wyoming Governor Creates Panel to Assess Marijuana appeared first on Insurance Journal.
  
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• Bill in California Responds to Cheerleader Lawsuits

  02-07-2015 17:40
  
  They boost their teams from the sidelines and promote them by appearing in calendars and at fan events, but some sports cheerleaders say they are still not considered team employees and are paid what amounts to less than minimum wage. …
  The article Bill in California Responds to Cheerleader Lawsuits appeared first on Insurance Journal.
  
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• California Insurance Guarantee Association in Whistleblowing Suit

  02-07-2015 17:37
  
  Danny Ly, the former controller for the California Insurance Guarantee Association, has filed a lawsuit against the association that charges it fired him after he blew the whistle about alleged financial irregularities, potential accounting fraud and other potentially illegal conduct. …
  The article California Insurance Guarantee Association in Whistleblowing Suit appeared first on Insurance Journal.
  
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• BP pays record $18.7B to settle claims in Gulf spill

  02-07-2015 17:29
  
  BP will pay a record $18.7 billion to resolve claims by the U.S. and five states along the Gulf of Mexico related to the 2010 oil spill.
  
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• Train carrying toxic gas derails in Tennessee, forcing evacuation of 5,000

  02-07-2015 17:12
  
  A train carrying highly flammable, toxic gas derailed and caught fire near Knoxville, Tenn., causing the evacuation of 5,000 people.
  
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• Alliant Insurance Services Acquires Preferred Concepts in New York - Insurance Journal

  02-07-2015 15:20 via insurancejournal.com
  
  Alliant Insurance Services Acquires Preferred Concepts in New York
  Insurance Journal
  Specialty insurance brokerage Alliant Insurance Services announced today it has expanded its managing general agent (MGA) practice through the acquisition of Preferred Concepts, an insurance program underwriter and wholesale broker based in New ...and more »
  
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• Alliant Insurance Services Acquires Preferred Concepts in New York

  02-07-2015 15:12
  
  Specialty insurance brokerage Alliant Insurance Services announced today it has expanded its managing general agent (MGA) practice through the acquisition of Preferred Concepts, an insurance program underwriter and wholesale broker based in New York with additional offices in New Jersey …
  The article Alliant Insurance Services Acquires Preferred Concepts in New York appeared first on Insurance Journal.
  
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• Marketing matters to insurance agencies that want to grow

  02-07-2015 14:47
  
  An effective marketing and business development function is an increasingly critical component for business success and vital for achieving sustainable growth.
  
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• ACE acquiring Chubb brings on insurers’ M&A fever

  02-07-2015 14:45
  
  Evan Greenberg just took dealmaking to the next level.
  
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• BP to Pay $18.7B Over 18 Years to Settle Spill Claims with 5 States, U.S.

  02-07-2015 14:32
  
  BP Plc has agreed to a preliminary deal in which it will pay will pay a record $18.7 billion to settle claims by five Gulf states and the U.S. government for the 2010 Deepwater Horizon oil spill, the worst oil …
  The article BP to Pay $18.7B Over 18 Years to Settle Spill Claims with 5 States, U.S. appeared first on Insurance Journal.
  
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• Announcement Expected on BP Spill Claims Deal with 4 States, U.S.

  02-07-2015 14:32
  
  BP Plc reached an agreement with states and the U.S. in the 2010 Gulf of Mexico oil spill case, according to a person with knowledge of the matter. The terms of the agreement aren’t yet available, the person said. A …
  The article Announcement Expected on BP Spill Claims Deal with 4 States, U.S. appeared first on Insurance Journal.
  
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• Willis 1st View Reinsurance Report on Pricing Finds some Stabilization

  02-07-2015 14:31
  
  According to the latest 1st View Renewals Report from Willis Re, the relentless “period of rate reductions” in reinsurance pricing shows signs of softening with “early signs” of price stabilization ”beginning to emerge in peak property catastrophe zones.” The report …
  The article Willis 1st View Reinsurance Report onPricing Finds some Stabilization appeared first on Insurance Journal.
  
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• The 15 states where insurance costs the least [Ranked]

  02-07-2015 14:21
  
  Protecting the things you care about — whether it’s your car, home, health, or family — comes cheaper in some states than others.
  
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• Insurance acquisition: Centene buying Health Net - USA TODAY

  02-07-2015 14:19 via usatoday.com
  
  USA TODAY
  Insurance acquisition: Centene buying Health Net
  USA TODAY
  The consolidation steamboat that's charging its way through the health care insurance industry added another target as St. Louis-based Centene Corp. agreed to acquire Los Angeles-based Health Net in a deal valued at $6.8 billion. The companies said ...
  Health-Insurance Deal Making: It's Not Just for the Biggest PlayersWall Street Journal (blog)all 283 news articles »
  
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• Car Rental Insurance? Don't Get Taken For a Ride This Summer - TheStreet.com

  02-07-2015 14:17 via thestreet.com
  
  TheStreet.com
  Car Rental Insurance? Don't Get Taken For a Ride This Summer
  TheStreet.com
  NEW YORK (MainStreet) -- Summer travelers may have their favorite and highly specific vacation destinations (think camping, beaches, or their favorite overseas ports of call), but when it comes to buying auto rental insurance on the trip, they're in ...
  
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• 5 tips for keeping your pet safe on Independence Day [Slideshow]

  02-07-2015 13:45
  
  Plan ahead to keep your pets safe during the holiday weekend.
  
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• Medical marijuana: A growing issue for employers in Workers’ Compensation

  02-07-2015 13:30
  
  What employers need to know about the issues surrounding legalization of medical marijuana and its effect on workers' comp.
  
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• DuPont Transfers Pollution Liabilities for 171 Sites to New Company Chemours

  02-07-2015 12:37
  
  When DuPont Co. announced plans to spin off its major chemical operations in October 2013, it said the move would create a cash-generating dynamo with the leading market share in most of its businesses. The spinoff would let DuPont focus …
  The article DuPont Transfers Pollution Liabilities for 171 Sites to New Company Chemours appeared first on Insurance Journal.
  
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• Reinsurance Industry Faces an Uncertain Future as Time Moves on

  02-07-2015 12:31
  
  It’s around two months until the annual Reinsurance Rendezvous in Monte Carlo, where the reinsurers, brokers, carriers, lawyers, accountants and cat modelers discuss the state of their industry. That industry, until recently a rock solid bastion of the “we do it …
  The article Reinsurance Industry Faces an Uncertain Future as Time Moves on appeared first on Insurance Journal.
  
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• XL Catlin Appoints Plessis as Head of Emerging Markets

  02-07-2015 12:00
  
  XL Catlin announced the appointment of Brendan Plessis to the newly created role of head of emerging markets. In this new position, Plessis will lead the development of emerging market strategies, partnering with business leaders across XL Catlin to explore …
  The article XL Catlin Appoints Plessis as Head of Emerging Markets appeared first on Insurance Journal.
  
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• Homeowner buys earthquake insurance after West Alabama is rattled with small ... - FOX6 WBRC - MyFoxAL.com

  02-07-2015 12:00 via myfoxal.com
  
  FOX6 WBRC - MyFoxAL.com
  Homeowner buys earthquake insurance after West Alabama is rattled with small ...
  FOX6 WBRC - MyFoxAL.com
  After a number of small earthquakes rattle West Alabama, one man decided to add earthquake insurance to his homeowner's policy. In November, Eutaw resident Marc McLelland says his home swayed back and forth during a Magnitude 3.8 earthquake.and more »
  
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• Beazley Launches Business Travel Insurance in Australia - Insurance Journal

  02-07-2015 11:15 via insurancejournal.com
  
  Beazley Launches Business Travel Insurance in Australia
  Insurance Journal
  Specialist insurer Beazley has launched its first international business travel insurance product in the Australian market. Beazley Corporate Travel Insurance will be offered to Australian brokers and coverholders. Beazley Corporate Travel Insurance ...
  
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• Beazley Launches Business Travel Insurance in Australia

  02-07-2015 11:15
  
  Specialist insurer Beazley has launched its first international business travel insurance product in the Australian market. Beazley Corporate Travel Insurance will be offered to Australian brokers and coverholders. Beazley Corporate Travel Insurance provides specialist cover for business travelers, such as overseas …
  The article Beazley Launches Business Travel Insurance in Australia appeared first on Insurance Journal.
  
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• Insurance Marketplace Director Labels Supreme Court Decision Disappointing - Times Record

  02-07-2015 11:05 via swtimes.com
  Arkansas News
  Insurance Marketplace Director Labels Supreme Court Decision Disappointing
  Times Record
  LITTLE ROCK — The director of a state board that is working on setting up a state-based health-insurance exchange told a legislative panel Wednesday she was disappointed by last week's U.S. Supreme Court ruling that upheld a key provision of the ...
  Supreme Court ruling disappointing, insurance marketplace director saysArkansas News
  Health exchange shift leads to insurance agency shuffleA
  
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• TransAsia Plane Crashed in February After Faulty Sensor, Errors by Pilots

  02-07-2015 10:43
  
  A faulty connector sending inaccurate information and pilots mistakingly shutting down the wrong engine during a flameout led to the February crash of a TransAsia Airways Corp. plane, investigators said. Flight GE235 had a connector that failed to send right …
  The article TransAsia Plane Crashed in February After Faulty Sensor, Errors by Pilots appeared first on Insurance Journal.
  
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• Marsh & Mclennan Agency Acquires J.W. Terrill in Missouri

  02-07-2015 07:55
  
  Marsh & McLennan Agency LLC (MMA), a subsidiary of Marsh, has acquired St. Louis, Mo.-based J.W. Terrill, one of the largest independent agencies in the Midwest. Terms of the transaction were not disclosed. This acquisition is MMA’s first in Missouri. …
  The article Marsh & Mclennan Agency Acquires J.W. Terrill in Missouri appeared first on Insurance Journal.
  
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• Michigan-Based J.M. Wilson Promotes Gleason

  02-07-2015 07:46
  
  Property/casualty insurance wholesaler, J.M. Wilson, based in Portage, Mich., has promoted Cheryl Gleason as Personal Lines manager. In addition to managing the day-to-day activities of the Personal Lines team, Gleason will quote new and renewal business, coordinate with carriers, and …
  The article Michigan-Based J.M. Wilson Promotes Gleason appeared first on Insurance Journal.
  
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• Young Named Associate of the Year by Texas Agent Association

  02-07-2015 07:39
  
  The Independent Insurance Agents of Texas (IIAT) named Wes Becknell, business development officer at AFCO in La Vernia, as its Young Associate of the Year. The award recognizes a young associate member of IIAT who demonstrates exceptional service to the …
  The article Young Named Associate of the Year by Texas Agent Association appeared first on Insurance Journal.
  
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• Lighthouse Enters Texas Homeowners Insurance Market

  02-07-2015 07:15
  
  Lighthouse Property Insurance Corp. (Lighthouse), with headquarters in Florida, began offering homeowners insurance and flood insurance throughout Texas on July 1. Lighthouse also provides coverage to more than 36,000 policyholders in Louisiana, South Carolina and North Carolina, and distributes products …
  The article Lighthouse Enters Texas Homeowners Insurance Market appeared first on Insurance Journal.
  
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• Siegel Elected as President of the Independent Insurance Agents of Georgia

  02-07-2015 07:11
  
  Andy N. Siegel, president of Siegel Insurance, Inc., a Trusted Choice insurance agency in Atlanta, was installed as president of the Independent Insurance Agents of Georgia, Inc. (IIAG) on June 13, during the association’s 118th Annual Meeting and Convention in …
  The article Siegel Elected as President of the Independent Insurance Agents of Georgia appeared first on Insurance Journal.
  
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• What's this 'mandatory' car insurance in Panama? - Miami Herald

  02-07-2015 07:00 via miamiherald.com
  
  What's this 'mandatory' car insurance in Panama?
  Miami Herald
  Q: My husband and I recently rented an Avis car in Panama City. Our reservation stated that the charge for the two days with tax should be $59. When we arrived at the car-rental counter, we were asked about insurance. We said we had insurance with our ...
  
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• Truck Driver in Deadly Tennessee Crash Cited in Florida Previous Day

  02-07-2015 06:54
  
  Authorities say a truck driver who slammed into numerous stopped cars outside of Chattanooga, Tenn., last week, killing six, had been cited for careless driving in Florida the previous day. According to a Florida Highway Patrol crash report, 39-year-old truck …
  The article Truck Driver in Deadly Tennessee Crash Cited in Florida Previous Day appeared first on Insurance Journal.
  
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• Bill Allowing Uber to Stay in South Carolina is Officially Law

  02-07-2015 06:09
  
  Uber is staying in South Carolina. After the transportation network company (TNC) was halted by the state’s Public Service Commission in January and then granted a temporary license through June 30, South Carolina lawmakers introduced legislation allowing TNCs to operate …
  The article Bill Allowing Uber to Stay in South Carolina is Officially Law appeared first on Insurance Journal.
  
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• West Virginia Lottery to Charities: Casino Night Fundraisers Are Illegal

  02-07-2015 06:00
  
  West Virginia Lottery officials say “casino night” fundraisers conducted by charitable organizations are illegal but the Lottery does not have authority to crack down on such events. County prosecutors have shown little interest in pursuing charges against members of local …
  The article West Virginia Lottery to Charities: Casino Night Fundraisers Are Illegal appeared first on Insurance Journal.
  
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• New California law provides insurance coverage to ride-share drivers during ... - abc7news.com

  02-07-2015 04:50 via abc7news.com
  
  abc7news.com
  New California law provides insurance coverage to ride-share drivers during ...
  abc7news.com
  When Bill Tickner drives for Uber, he turns on his app. The moments that follow have sparked bitter debate. "It's my belief that that's the most dangerous period because that's when they're engaged in distracted driving by interacting with their phone ...
  California Forces Uber and Its Rivals to Bolster InsuranceWired
  Everything you need to know about California's n
  
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