Insurance news

• Another looming crisis: Social Security Disability Insurance | TheHill - The Hill

  06-07-2015 23:42 via thehill.com
  
  The Hill
  Another looming crisis: Social Security Disability Insurance | TheHill
  The Hill
  In May, over a thousand West Virginians and Kentuckians went to their mailbox and found letters telling them their disability checks would soon be cut off. Why? Because a government watchdog group had reason to believe that yet another lawyer and/or ...and more »
  
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• Here's How to Figure Out How Much Life Insurance You Need | Money.com - Time - TIME

  06-07-2015 23:04 via time.com
  
  TIME
  Here's How to Figure Out How Much Life Insurance You Need | Money.com - Time
  TIME
  Q: How much insurance should I have? I was recently married and have been considering acquiring life insurance. We do not have any children, and I cannot really find any information on how much I should get. — Marcus Smail. A: It's a smart move to get ...and more »
  
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• Mass. Dept. of Industrial Accidents Assessment Rate Lowered to 5.75%

  06-07-2015 22:41
  
  The Massachusetts Department of Industrial Accidents (DIA) reduced the assessment that private employers pay to the state on workers’ compensation policies to 5.75 percent of the policy premium for the new fiscal year, down from 5.8 percent during the last …
  The article Mass. Dept. of Industrial Accidents Assessment Rate Lowered to 5.75% appeared first on Insurance Journal.
  
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• N.Y. Legislation Would Mandate Improved Smoke Detectors

  06-07-2015 21:44
  
  New York lawmakers have passed a bill that would require new smoke detectors contain 10-year non-removable batteries. The bill, which would take effect in 2017, would make it illegal to sell smoke detectors with replaceable batteries or those incapable of …
  The article N.Y. Legislation Would Mandate Improved Smoke Detectors appeared first on Insurance Journal.
  
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• National firm acquires 80-year-old Winter Park insurance company - Orlando ... - Orlando Sentinel

  06-07-2015 21:33 via orlandosentinel.com
  
  National firm acquires 80-year-old Winter Park insurance company - Orlando ...
  Orlando Sentinel
  One of the nation's biggest property and casualty insurance firms has acquired long-time Winter Park company Cooper Simms. lRelated 'Local girls' to sell Orlando bail bond company for $25M · Paul Brinkmann on Business · 'Local girls' to sell Orlando ...and more »
  
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• National Insurance Institute has NIS 1.5b to give away - Israel News ... - Jerusalem Post Israel News

  06-07-2015 21:20 via jpost.com
  
  Jerusalem Post Israel News
  National Insurance Institute has NIS 1.5b to give away - Israel News ...
  Jerusalem Post Israel News
  MKs complain NII does not do enough to inform people of their rights and entitlements. money. Shekel money bills. (photo credit:REUTERS). Share on Facebook Share on Twitter. Over NIS 1.5b in National Insurance Institute payments remain unclaimed, ...
  
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• Renowned Insurance Educator, Mendham Resident Succumbs to Cancer at 79 ... - Patch.com

  06-07-2015 20:08 via patch.com
  
  Renowned Insurance Educator, Mendham Resident Succumbs to Cancer at 79 ...
  Patch.com
  To say Frank Rainaldi was an accomplished man in his career would be a vast understatement. The Mendham resident, author, and accomplished insurance educator died last week in his Mendham home after a battle with cancer. He was 79. Rainaldi was ...
  
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• Sanders battles big insurance premium increases | TheHill - The Hill (blog)

  06-07-2015 19:00 via thehill.com
  
  The Hill (blog)
  Sanders battles big insurance premium increases | TheHill
  The Hill (blog)
  The New York Times has recently reported that big insurance companies are now planning gigantic increases in insurance premiums that could rise, if insurers get their way, by a staggering 20 percent to 40 percent. Leading the fight against this ...
  
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• Ironshore Launches Boat Program with National Boat Owners Association

  06-07-2015 18:59
  
  Ironshore Inc. has introduced a new boat and yacht insurance program in collaboration with the National Boat Owners Association (NBOA) to be available nationwide.  Ironshore Premier Watercraft program, which will be offered exclusively by NBOA, provides comprehensive cover for watercraft …
  The article Ironshore Launches Boat Program with National Boat Owners Association appeared first on Insurance Journal.
  
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• Investigation Underway in Fiery Tennessee Train Crash

  06-07-2015 18:55
  
  About 5,000 residents evacuated after the derailment of a freight train carrying flammable and toxic gas in eastern Tennessee were allowed home on Friday as investigators looked into the cause of the fiery accident. Authorities were examining the black box …
  The article Investigation Underway in Fiery Tennessee Train Crash appeared first on Insurance Journal.
  
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• Conn. Officials Incorporate Climate Change Projections Into Shoreline Projects

  06-07-2015 18:41
  
  Thumping louder than the crashing surf and cawing gulls, the pile driver pounding into the earth beats a rumbling rhythm for the birdwatchers, beach walkers, bicyclists and sunbathers at Hammonasset Beach State Park’s West Beach in Madison, Connecticut, this summer. …
  The article Conn. Officials Incorporate Climate Change Projections Into Shoreline Projects appeared first on Insurance Journal.
  
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• Outgoing N.J. Commissioner Kobylowski to Join AmeriHealth as Senior VP

  06-07-2015 18:21
  
  The outgoing New Jersey Department of Banking and Insurance Commissioner Ken Kobylowski will join AmeriHealth New Jersey as senior vice president of provider contracting and network operations effective July 13, according to AmeriHealth’s announcement last week. AmeriHealth New Jersey, which …
  The article Outgoing N.J. Commissioner Kobylowski to Join AmeriHealth as Senior VP appeared first on Insurance Journal.
  
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• How the Internet of Things is transforming the insurance industry - Business ... - Business Insider

  06-07-2015 18:15 via businessinsider.com
  
  Business Insider
  How the Internet of Things is transforming the insurance industry - Business ...
  Business Insider
  The ability to bring internet connection to nearly every type of consumer device will have huge implications for the insurance industry over the next five years. Insurers looking to cut costs, improve business practices, and better assess clients' risk ...and more »
  
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• Kansas Gun Dealer Settles for $132K in Weapon Sell to Felon

  06-07-2015 18:09
  
  Owners of a southeast Kansas gun shop sued for selling a weapon that a man used to kill himself and his 8-year-old son have reached a $132,000 settlement with the child’s mother, according to lawyers in the case. The negligence …
  The article Kansas Gun Dealer Settles for $132K in Weapon Sell to Felon appeared first on Insurance Journal.
  
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• Deadline to File Flood Insurance Claims in Oklahoma Extended - Insurance Journal

  06-07-2015 18:09 via insurancejournal.com
  
  Insurance Journal
  Deadline to File Flood Insurance Claims in Oklahoma Extended
  Insurance Journal
  Oklahoma's insurance commissioner says property owners who experienced flood damage during heavy rainfall in May and June have more time to file insurance claims. Commissioner John Doak said the Federal Emergency Management Agency has given ...
  FEMA offers help on flood insurance - ABC 33/40 - Birmingham News, Weather ...Alabama's News Leaderall 4 news articles »
  
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• Ohio Court Rules Parents of Firefighter Can Continue With Suit

  06-07-2015 18:05
  
  An Ohio court says the parents of a firefighter killed seven years ago can sue the maker of an emergency radio and the homeowners growing marijuana in the basement where a fire started. Colerain Township Fire Department Captain Robin Broxterman …
  The article Ohio Court Rules Parents of Firefighter Can Continue With Suit appeared first on Insurance Journal.
  
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• Drivers With No Insurance Can Expect To Pay Triple The Fine - The Greeneville ... - Greeneville Sun

  06-07-2015 18:05 via greenevillesun.com
  
  Drivers With No Insurance Can Expect To Pay Triple The Fine - The Greeneville ...
  Greeneville Sun
  Drivers without vehicle insurance now face tripled fines under a state law that went into effect on July 1. This bill increases the fine for violating the state's failure to provide proof of financial responsibility law from $100 to $300. Also under ...and more »
  
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• Michigan Bills Would Allow Beer on Pedal-Powered Trolleys

  06-07-2015 18:02
  
  Michigan legislation that would allow passengers to drink beer or wine aboard pedal-powered trolleys isn’t getting unanimous support from people who shuttle people around town. Lawmakers have sent bills to Gov. Rick Snyder that would make drinks an option on …
  The article Michigan Bills Would Allow Beer on Pedal-Powered Trolleys appeared first on Insurance Journal.
  
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• Deadline to File Flood Insurance Claims in Oklahoma Extended

  06-07-2015 17:59
  
  Oklahoma’s insurance commissioner says property owners who experienced flood damage during heavy rainfall in May and June have more time to file insurance claims. Commissioner John Doak said Wednesday the Federal Emergency Management Agency has given National Flood Insurance Program …
  The article Deadline to File Flood Insurance Claims in Oklahoma Extended appeared first on Insurance Journal.
  
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• Disaster Aid Approved For More Oklahoma Counties

  06-07-2015 17:56
  
  The federal government has approved disaster assistance for nine more Oklahoma counties following a series of severe storms. Gov. Mary Fallin on Thursday announced that the Federal Emergency Management Agency had accepted her request for aid, raising the number of …
  The article Disaster Aid Approved For More Oklahoma Counties appeared first on Insurance Journal.
  
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• California Fire That Threatened Homes is Fully Contained

  06-07-2015 17:54
  
  A wildfire that might have been started by fireworks and burned more than 320 acres while threatening homes in the California city of Vacaville was 100 percent contained Sunday, officials said. The fire started Saturday night and embers were quickly …
  The article California Fire That Threatened Homes is Fully Contained appeared first on Insurance Journal.
  
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• Fired Utah Special Ed Teacher Files $1.7M Lawsuit

  06-07-2015 17:52
  
  A former special education teacher in Utah wants $1.7 million in damages from the school district that she says fired her over complaints she made about another instructor. The Spectrum reported Carol Boehme said in her lawsuit filed last week that …
  The article Fired Utah Special Ed Teacher Files $1.7M Lawsuit appeared first on Insurance Journal.
  
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• Washington Worker’s Family Sues Over Fatal Boeing 777 Air Bag

  06-07-2015 17:49
  
  The family of a Washington man who was fatally injured while he was working on a seat belt air bag replacement that inflated explosively is suing Boeing Co. and a supplier. The lawsuit filed last week in King County Superior Court …
  The article Washington Worker’s Family Sues Over Fatal Boeing 777 Air Bag appeared first on Insurance Journal.
  
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• Nationwide Insurance pays $6M settlement in lawsuit over discount product ... - Columbus Business First

  06-07-2015 17:47 via bizjournals.com
  
  Nationwide Insurance pays $6M settlement in lawsuit over discount product ...
  Columbus Business First
  Nationwide Mutual Insurance Co. has agreed to a $5.75 million settlement with the state of West Virginia over allegations it misused a rural auto insurance discount. The state's attorney general said Nationwide's Farm Bureau Discount, intended to lower ...and more »
  
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• M4.2 Quake Hits Oregon, No Reported Damage

  06-07-2015 17:46
  
  Some Oregonians woke on the Fourth of July to a significant jolt when a magnitude 4.2 earthquake struck near Springfield and Eugene. Hundreds of people reported to the U.S. Geological Survey that they felt the quake, which struck at 8:42 …
  The article M4.2 Quake Hits Oregon, No Reported Damage appeared first on Insurance Journal.
  
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• Illinois' Harper College, Zurich Team Up for Insurance Apprenticeship Program - Insurance Journal

  06-07-2015 17:45 via insurancejournal.com
  
  Insurance Journal
  Illinois' Harper College, Zurich Team Up for Insurance Apprenticeship Program
  Insurance Journal
  A Chicago-area community college and a global insurance company are creating what they believe is the first-of-its-kind insurance apprenticeship program in the United States and one they hope will become an industry standard for attracting new talent.
  
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• Can Lower-Income Households Afford to Live at the Jersey Shore Anymore?

  06-07-2015 17:43
  
  It was a Superstorm Sandy double-whammy. About 15,600 rental units in New Jersey sustained severe damage during the hurricane, forcing thousands of renters out of their homes. These newly homeless tenants quickly learned that they were priced out of the …
  The article Can Lower-Income Households Afford to Live at the Jersey Shore Anymore? appeared first on Insurance Journal.
  
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• Lovell Minnick Invests in Worldwide Facilities in California

  06-07-2015 17:17
  
  Los Angeles, Calif.-based Worldwide Facilities LLC has received a large investment from private equity firm Lovell Minnick Partners. Following the deal Worldwide Facilities will continue to be majority-owned by its employees. The terms were not disclosed. Waller Helms Advisors LLC …
  The article Lovell Minnick Invests in Worldwide Facilities in California appeared first on Insurance Journal.
  
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• Bell Joins Leavitt Group in Montana

  06-07-2015 17:00
  
  Donovan Bell has joined Leavitt Great West Insurance Services as a producer in its Bozeman, Mont. office. Bell will focus on insurance for the hospitality and tourism industry, such as dude ranches, resorts, restaurants, bars, and breweries. He also brings …
  The article Bell Joins Leavitt Group in Montana appeared first on Insurance Journal.
  
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• Health Insurance Mergers Falling Into Place - Aetna, Inc. (NYSE:AET) - 24/7 ... - 24/7 Wall St.

  06-07-2015 16:45 via 247wallst.com
  
  24/7 Wall St.
  Health Insurance Mergers Falling Into Place - Aetna, Inc. (NYSE:AET) - 24/7 ...
  24/7 Wall St.
  Over the long weekend, the first move toward an acquisition was made in the health insurance industry. This has been long awaited since the Affordable Care Act came into play. As this is the first move, investors are looking to see where the others ...
  Obamacare sparks health insurance megamergers - CNBC.comCNBC
  How the Aetna (AET)-Humana (HUM) Deal Could Open Floodgates for ...TheStreet.
  
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• Commercial Insurance Prices Remain Static for Fourth Month - Insurance Journal - Insurance Journal

  06-07-2015 15:36 via insurancejournal.com
  
  Insurance Journal
  Commercial Insurance Prices Remain Static for Fourth Month - Insurance Journal
  Insurance Journal
  Commercial insurance rates have barely budged at all over the last four months, according to the MarketScout report for June. Only the business interruption line saw rates go was down in June from last month and those were only down one percent on ...
  Commercial insurance rates flat in June | Business InsuranceBusiness Insuranceall 5 news articles »
  
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• Commercial Insurance Prices Remain Static for Fourth Month

  06-07-2015 15:36
  
  Commercial insurance rates have barely budged at all over the last four months, according to the MarketScout report for June. Only the business interruption line saw rates go was down in June from last month and those were only down …
  The article Commercial Insurance Prices Remain Static for Fourth Month appeared first on Insurance Journal.
  
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• Buying Life Insurance at Every Life Stage-Kiplinger - Kiplinger Personal Finance

  06-07-2015 15:04 via kiplinger.com
  
  Buying Life Insurance at Every Life Stage-Kiplinger
  Kiplinger Personal Finance
  Your life insurance needs are different when you're starting a family and when you're about to retire. By Kimberly LankfordSee my bio, plus links to all my recent stories., From Kiplinger's Personal Finance, August 2015 ...
  
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• 3 Insurance Company Stocks to Buy Right Now - TheStreet - TheStreet.com

  06-07-2015 15:03 via thestreet.com
  
  TheStreet.com
  3 Insurance Company Stocks to Buy Right Now - TheStreet
  TheStreet.com
  NEW YORK (TheStreet) -- With insurance company ACE Ltd. (ACE) recently acquiring Chubb Corp. (CB) for more than $28 billion (making it one of the largest companies in the industry), and insurer Centene Corp. (CNC) acquiring Health Net Inc. (HNT) for ...and more »
  
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• Health Insurance Companies Seek Big Rate Increases for 2016 - CNBC.com - CNBC

  06-07-2015 13:38 via cnbc.com
  
  CNBC
  Health Insurance Companies Seek Big Rate Increases for 2016 - CNBC.com
  CNBC
  WASHINGTON — Health insurance companies around the country are seeking rate increases of 20 percent to 40 percent or more, saying their new customers under the Affordable Care Act turned out to be sicker than expected. Federal officials say they are ...
  The Choice Ahead: A Private Health-Insurance Monopoly or a Single Payer ...Huffington Post
  ACA Holdouts, Cost and Employer-Provided Insurance - WSJWall Stree
  
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• Court Upholds Unpaid Internships with Educational Value

  06-07-2015 12:29
  
  Unpaid internships are legal when they are closely tied to interns’ educations, a U.S. appeals court in Manhattan said on Thursday in reversing a decision that Fox Searchlight Pictures Inc. broke the law by not paying interns. The lower courts …
  The article Court Upholds Unpaid Internships with Educational Value appeared first on Insurance Journal.
  
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• Aon Benfield Calls for More Industry-Wide Cat Modelling Initiatives

  06-07-2015 10:36
  
  Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, issued a call to the insurance industry to “collaborate to innovate, in order to obtain the most useful risk management insights from catastrophe models.” The call coincides with …
  The article Aon Benfield Calls for More Industry-Wide Cat Modelling Initiatives appeared first on Insurance Journal.
  
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• PartnerRe’s Ex-CEO: Shareholders Should Vote Against AXIS Merger Plan

  06-07-2015 10:32
  
  PartnerRe Ltd.’s former Chief Executive Officer Patrick Thiele said the reinsurer’s shareholders should vote against a planned merger with AXIS Capital Holdings Ltd. and called the cash offer from Italy’s EXOR SpA a better option. A combination with AXIS would …
  The article PartnerRe’s Ex-CEO: Shareholders Should Vote Against AXIS Merger Plan appeared first on Insurance Journal.
  
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• Couples Sue Kentucky Clerk Denying Gay-Marriage Licenses

  06-07-2015 10:00
  
  Four Kentucky couples are suing a clerk who is refusing to issue gay-marriage licenses – or any marriage licenses at all – following the U.S. Supreme Court decision that same-sex couples have a legal right to marry. The American Civil …
  The article Couples Sue Kentucky Clerk Denying Gay-Marriage Licenses appeared first on Insurance Journal.
  
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• Texas Mutual Pays $4M-Plus Dividend to Texas Oil & Gas Assoc. Group

  06-07-2015 07:58
  
  Austin-based Texas Mutual Insurance Co., a policyholder-owned company, announced it awarded a dividend of $4,019,352 to the Texas Oil & Gas Association (TXOGA) safety group. The dividend was earned based on the group members’ dedication to making safety a priority …
  The article Texas Mutual Pays $4M-Plus Dividend to Texas Oil & Gas Assoc. Group appeared first on Insurance Journal.
  
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• Tractor-Trailer Hitches Being Investigated After Ohio Crash

  06-07-2015 07:37
  
  On a twisty, snow-lined hill that the locals call “Devil’s Backbone,” a 12-ton semi-trailer came loose from its tractor and plowed into an oncoming line of pre-dawn commuters. At 40 miles per hour, the trailer struck the side of one …
  The article Tractor-Trailer Hitches Being Investigated After Ohio Crash appeared first on Insurance Journal.
  
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• Redpoint Insurance Acquires Texas’ Safeway County Mutual

  06-07-2015 07:14
  
  Redpoint Insurance Group LLC has acquired Safeway County Mutual Insurance Co. in Dallas, Texas. Terms of the transaction were not disclosed. Safeway County Mutual Insurance will operate under the name Redpoint County Mutual Insurance Co. Redpoint County Mutual will specialize …
  The article Redpoint Insurance Acquires Texas’ Safeway County Mutual appeared first on Insurance Journal.
  
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• Ohio OKs Fosun Acquisition of Meadowbrook Insurance Sub

  06-07-2015 07:02
  
  Meadowbrook Insurance Group Inc., based in Southfield, Mich., that on July 1, 2015, Fosun International Limited received the required approval from the Ohio Department of Insurance regarding the acquisition of control of Meadowbrook’s insurance company subsidiary, Century Surety Co., domiciled …
  The article Ohio OKs Fosun Acquisition of Meadowbrook Insurance Sub appeared first on Insurance Journal.
  
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• Officials Discover Heavy Equipment Theft Ring in 6 South Carolina Counties

  06-07-2015 06:32
  
  One man has been jailed and another is being sought as county officials in Florence and Clarendon, South Carolina say they’ve discovered a heavy equipment theft ring that operated in six counties. The Morning News of Florence reported that 31-year-old …
  The article Officials Discover Heavy Equipment Theft Ring in 6 South Carolina Counties appeared first on Insurance Journal.
  
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• Report: Arson Rarely the Cause of Southern Church Fires

  06-07-2015 06:18
  
  As social media buzzed about church fires in the South, investigators said July 2 that weather caused a destructive blaze at a predominantly black church in South Carolina. The State Law Enforcement Division said in a statement that investigators found …
  The article Report: Arson Rarely the Cause of Southern Church Fires appeared first on Insurance Journal.
  
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• UT changes student insurance policy - Toledo Blade - Toledo Blade

  06-07-2015 06:01 via toledoblade.com
  
  Toledo Blade
  UT changes student insurance policy - Toledo Blade
  Toledo Blade
  The University of Toledo will continue to offer insurance plans, and students may voluntarily enroll if they are taking at least one credit hour per semester. THE BLADE Enlarge | Buy This Photo. Many University of Toledo students no longer will be ...and more »
  
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• Nationwide to Pay West Virginia $5.75M in Farm Bureau Discount Suit

  06-07-2015 05:42
  
  Attorney General Patrick Morrisey has reached a $5.75 million settlement with Nationwide Insurance regarding a discount on certain insurance products for West Virginia Farm Bureau members. Morrisey announced the settlement July 2. Former Attorney General Darrell McGraw filed the lawsuit …
  The article Nationwide to Pay West Virginia $5.75M in Farm Bureau Discount Suit appeared first on Insurance Journal.
  
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• BP Settlement Doesn’t Cover Claims by Insurers, Banks, Casinos and Others

  06-07-2015 03:33
  
  BP Plc’s record $18.7 billion settlement ended government claims over the 2010 Gulf of Mexico oil spill, leaving numerous smaller private lawsuits to be mopped up. While investors, residents and businesses that didn’t join a 2012 settlement still demand billions, …
  The article BP Settlement Doesn’t Cover Claims by Insurers, Banks, Casinos and Others appeared first on Insurance Journal.
  
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• Regulatory Review of Aetna’s Humana Deal Could Affect Other Insurer Deals

  06-07-2015 02:52
  
  Aetna Inc.’s $37 billion deal to buy smaller health insurer Humana Inc. will face rigorous scrutiny from U.S. regulators, which antitrust experts said could also make other large-scale mergers in the sector more difficult. The Aetna-Humana tie-up would be the …
  The article Regulatory Review of Aetna’s Humana Deal Could Affect Other Insurer Deals appeared first on Insurance Journal.
  
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