Insurance news

• Preferred Mutual Hires DiBenedetto as Claims Counsel in New York

  07-07-2015 22:19
  
  Preferred Mutual Insurance Company in New Berlin, New York, hired Shelly DiBenedetto as claims counsel. In her new role, she will be responsible for providing legal advice and guidance to assist the professionals within Preferred’s Claims Department. She will also …
  The article Preferred Mutual Hires DiBenedetto as Claims Counsel in New York appeared first on Insurance Journal.
  
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• Provision: Payday lenders could provide insurance, financial advice - Milwaukee Journal Sentinel

  07-07-2015 22:04 via jsonline.com
  
  Milwaukee Journal Sentinel
  Provision: Payday lenders could provide insurance, financial advice
  Milwaukee Journal Sentinel
  A measure quietly added to the state budget would give such lenders broad new authority to sell additional financial products, including annuities. Consumer advocates have derided payday lending practices as predatory. By Kevin Crowe And Paul Gores.and more »
  
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• IICF Names Cummins Executive Director in Midwest

  07-07-2015 20:58
  
  The Insurance Industry Charitable Foundation has named Mary Cummins executive director of its Midwest division. Cummins will be responsible for leading IICF’s philanthropic initiatives in the Midwestern region, including local nonprofit grant programs and the division’s annual series of fundraising, …
  The article IICF Names Cummins Executive Director in Midwest appeared first on Insurance Journal.
  
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• What Those Smart Cars of Future Will Look Like

  07-07-2015 19:11
  
  Much of the talk surrounding autonomous cars these days is centered on testing and regulations and not on what the car of the future might look like. A 2012 Institute of Electrical and Electronics Engineers (IEEE) press release predicted autonomous …
  The article What Those Smart Cars of Future Will Look Like appeared first on Insurance Journal.
  
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• Connecticut Man Awarded $4.2M in Medical Malpractice Suit

  07-07-2015 18:59
  
  A Connecticut man has been awarded $4.2 million as compensation for a surgery he says caused him to lose the use of his shoulder. A New Haven jury on July 1 decided that 58-year-old Gregory Leigh, of Wallingford, should be …
  The article Connecticut Man Awarded $4.2M in Medical Malpractice Suit appeared first on Insurance Journal.
  
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• AmWINS Launches New Cyber Liability Product

  07-07-2015 18:56
  
  AmWINS Group, Inc., a global distributor of specialty insurance products and services, announced today the launch of a new dedicated excess facility designed to meet the rapidly growing demand for cyber liability insurance. “With some domestic insurers exiting the product …
  The article AmWINS Launches New Cyber Liability Product appeared first on Insurance Journal.
  
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• Innovative Captive Strategies Acquires Aceterrus in Montana

  07-07-2015 18:44
  
  Innovative Captive Strategies has acquired Aceterrus Insurance Resources of Bigfork, Mont. Aceterrus will operate as a subsidiary of Innovative Captive Strategies. The Aceterrus office and team members will remain intact. Terms of the deal were not disclosed. Aceterrus is an independent …
  The article Innovative Captive Strategies Acquires Aceterrus in Montana appeared first on Insurance Journal.
  
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• Bike Advocates Applaud Passage of Safety Bill in Maine

  07-07-2015 18:43
  
  Bike safety advocates are celebrating a new law in Maine that they say will make the roads safer for bikers and pedestrians. Brian Allenby of the Bicycle Coalition of Maine tells the Maine Public Broadcasting Network that the new law …
  The article Bike Advocates Applaud Passage of Safety Bill in Maine appeared first on Insurance Journal.
  
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• Small Quake Shakes Central Oklahoma

  07-07-2015 18:34
  
  An earthquake has rattled part of central Oklahoma. The U.S. Geological Survey says the 2.8 magnitude earthquake was recorded about 8:13 a.m. Sunday about four miles east-southeast of Jones in Oklahoma County. Geologists say the temblor occurred at a depth …
  The article Small Quake Shakes Central Oklahoma appeared first on Insurance Journal.
  
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• Heavy Rainfall Impacts Shipping at Oklahoma Port

  07-07-2015 18:33
  
  Heavy rainfall in northeastern Oklahoma has impacted waterway shipping along the McClellan-Kerr Arkansas River Navigation System and the Tulsa Port of Catoosa. Bob Portiss, director at the Port of Catoosa, says shipping ground to a halt along the nation’s most …
  The article Heavy Rainfall Impacts Shipping at Oklahoma Port appeared first on Insurance Journal.
  
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• Michigan Rail Project to Eliminate Dangerous Crossing

  07-07-2015 18:30
  
  Officials say a project to extend a rail line in a DTE Energy Co. rail yard in suburban Detroit, Mich. is designed to improve safety and traffic flow. Work begins July 13 in Trenton. The yard holds trains delivering coal …
  The article Michigan Rail Project to Eliminate Dangerous Crossing appeared first on Insurance Journal.
  
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• Texas Court Approves $84.4M Settlement in Farmers Case

  07-07-2015 18:28
  
  A Travis County, Texas district court has granted preliminary approval of a settlement with Farmers Insurance Group that will return $84.4 million to policyholders stemming from a 2002 homeowners insurance rate case. The case stems from a 2002 lawsuit by …
  The article Texas Court Approves $84.4M Settlement in Farmers Case appeared first on Insurance Journal.
  
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• Buffett Donates Record $2.84 Billion to Gates Foundation, Other Charities

  07-07-2015 18:22
  
  Warren Buffett on Monday donated about $2.84 billion of Berkshire Hathaway Inc. stock to the Bill and Melinda Gates Foundation and four family charities, as part of the billionaire’s plan to give away nearly all of his wealth. The 10th …
  The article Buffett Donates Record $2.84 Billion to Gates Foundation, Other Charities appeared first on Insurance Journal.
  
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• Buffett Donates Record $2.84 Billion to Gates Foundation, Family Charities

  07-07-2015 18:22
  
  Warren Buffett on Monday donated about $2.84 billion of Berkshire Hathaway Inc. stock to the Bill and Melinda Gates Foundation and four family charities, as part of the billionaire’s plan to give away nearly all of his wealth. The 10th …
  The article Buffett Donates Record $2.84 Billion to Gates Foundation, Family Charities appeared first on Insurance Journal.
  
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• Thousands of Utahans Nailed for Violating New Seat Belt Law

  07-07-2015 17:59
  
  Thousands of motorists have been cited since a tougher Utah seat belt law went into effect nearly two months ago, state transportation officials said. More than 6,000 drivers have been caught not wearing seat belts since the law was enacted …
  The article Thousands of Utahans Nailed for Violating New Seat Belt Law appeared first on Insurance Journal.
  
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• Thousands of Utahans Nailed for Violating New Seat Belt

  07-07-2015 17:59
  
  Thousands of motorists have been cited since a tougher Utah seat belt law went into effect nearly two months ago, state transportation officials said. More than 6,000 drivers have been caught not wearing seat belts since the law was enacted …
  The article Thousands of Utahans Nailed for Violating New Seat Belt appeared first on Insurance Journal.
  
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• Montana Thunderstorm Results in Crop Damage, Power Outages

  07-07-2015 17:56
  
  A strong thunderstorm that blew across northern Montana over the weekend brought strong winds and large hail that caused property and crop damage and power outages along a 300-mile stretch of the state from Cut Bank to Fort Peck, officials …
  The article Montana Thunderstorm Results in Crop Damage, Power Outages appeared first on Insurance Journal.
  
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• Communities Near Southern California Fire at Risk for Floods

  07-07-2015 17:53
  
  U.S. Forest Service officials say those living in areas around a 49-square-mile wildfire will be at risk for flooding and debris flows long after the flames are extinguished. The Press-Enterprise in Riverside reported that the fire in the San Bernardino …
  The article Communities Near Southern California Fire at Risk for Floods appeared first on Insurance Journal.
  
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• SpaceX Still Doesn’t Know Why Falcon 9 Rocket Exploded

  07-07-2015 17:34
  
  SpaceX is still homing in on why its Falcon 9 rocket exploded after liftoff last week, unable to resolve conflicting data radioed back to the ground before the explosion, CEO Elon Musk said on Tuesday. “It’s a huge blow to …
  The article SpaceX Still Doesn’t Know Why Falcon 9 Rocket Exploded appeared first on Insurance Journal.
  
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• Hortica Now a Member of Wisconsin’s Sentry Insurance Group

  07-07-2015 17:27
  
  Sentry Insurance, headquartered in Stevens Point, Wis., and Edwardsville, Ill.-based Hortica Insurance (Florists’ Mutual Insurance Company) have joined forces. After review and approval by both the Wisconsin Office of the Commissioner of Insurance and Illinois Department of Insurance, Hortica is …
  The article Hortica Now a Member of Wisconsin’s Sentry Insurance Group appeared first on Insurance Journal.
  
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• How Rental Car Insurance Offered by Credit Cards Varies

  07-07-2015 15:51
  
  In the midst of moving from Atlanta to St. Louis last year, Thomas Nitzsche discovered his parked rental car had been hit by another car, causing $791 in damage. To keep costs low, he had rejected the “collision damage waiver” …
  The article How Rental Car Insurance Offered by Credit Cards Varies appeared first on Insurance Journal.
  
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• Stricter Teen Driving Laws Now in Effect in Ohio

  07-07-2015 14:00
  
  Ohio’s teen drivers under the age of 18 will face tighter restrictions went into effect on July 1, an Ohio insurance trade group reported. According to the Ohio Insurance Institute, the new restrictions focus on limiting the number of passengers …
  The article Stricter Teen Driving Laws Now in Effect in Ohio appeared first on Insurance Journal.
  
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• Here's How Much Quitting Smoking Can Save You on Life Insurance | Money.com - Money

  07-07-2015 13:31 via time.com
  
  Money
  Here's How Much Quitting Smoking Can Save You on Life Insurance | Money.com
  Money
  Kicking the smoking habit is not only a health-conscious decision, but also a financially sound one. People who give up smoking save much more than cigarette money — they also save on health care costs and insurance. A previous NerdWallet study found ...and more »
  
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• Safety Experts Warn Smart Car Dashboard Screens Distract Drivers

  07-07-2015 12:40
  
  When it comes to dashboard displays that are more like smart phones, two things are clear: Customers want them, and automakers are intent on supplying them. But are they really a good idea? Car companies answer with an emphatic yes. …
  The article Safety Experts Warn Smart Car Dashboard Screens Distract Drivers appeared first on Insurance Journal.
  
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• El Niño Forming in Pacific Turbocharged by Tropical Cyclones

  07-07-2015 12:28
  
  The El Niño forming across the Pacific has been turbocharged by a series of tropical cyclones that helped to shift the direction of trade winds, potentially adding to warming that’s evoking parallels with the record 1997-98 event. Several cyclones, including …
  The article El Niño Forming in Pacific Turbocharged by Tropical Cyclones appeared first on Insurance Journal.
  
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• El Niño Forming in Pacific Is Turbocharged by Tropical Cyclones

  07-07-2015 12:28
  
  The El Niño forming across the Pacific has been turbocharged by a series of tropical cyclones that helped to shift the direction of trade winds, potentially adding to warming that’s evoking parallels with the record 1997-98 event. Several cyclones, including …
  The article El Niño Forming in Pacific Is Turbocharged by Tropical Cyclones appeared first on Insurance Journal.
  
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• Technology, Supply Chain & Regulation Top ACE Europe’s List of EMEA Risks

  07-07-2015 12:20
  
  A list, compiled by the ACE European Group, sets out the “new wave of interrelated, fast-changing risks, reflecting rapid changes in the global economic landscape and the increasing role of technology and multinational expansion as growth drivers, tops the list …
  The article Technology, Supply Chain & Regulation Top ACE Europe’s List of EMEA Risks appeared first on Insurance Journal.
  
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• Friday Afternoon Scam Cost Hedge Fund $1.2 Million and CFO’s Job

  07-07-2015 11:40
  
  The finance chief at Fortelus Capital Management LLP got an alarming phone call just as he was getting ready to leave work on a Friday. The caller said he was from Coutts, the London-based hedge fund’s bank, and warned there …
  The article Friday Afternoon Scam Cost Hedge Fund $1.2 Million and CFO’s Job appeared first on Insurance Journal.
  
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• G7 Endorses African Risk Capacity Program as Model for Climate Insurance

  07-07-2015 11:32
  
  An announcement from African Risk Capacity (ARC) notes that “G7 leaders have singled out Africa’s first parametric catastrophe insurance pool, as a model upon which to develop catastrophe insurance solutions in vulnerable regions. “During the 41st G7 summit in June, …
  The article G7 Endorses African Risk Capacity Program as Model for Climate Insurance appeared first on Insurance Journal.
  
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• Swiss Re Corporate Solutions Opens Madrid Office

  07-07-2015 11:23
  
  Swiss Re Corporate Solutions announced that it has opened an office in Madrid, Spain, to reinforce its presence in the Iberian Peninsula. It will offer the company’s range of products and customized services via a locally based team. Tony Buckle, …
  The article Swiss Re Corporate Solutions Opens Madrid Office appeared first on Insurance Journal.
  
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• JLT’s Thistle Insurance Appoints Williams as Managing Director, Robinson as COO

  07-07-2015 11:09
  
  Thistle Insurance Services Limited, part of Jardine Lloyd Thompson Group plc, the UK-based provider of insurance, reinsurance and employee benefits-related advice, brokerage and associated services, announced two key appointments to its executive board. Paul Williams has been appointed managing director …
  The article JLT’s Thistle Insurance Appoints Williams as Managing Director, Robinson as COO appeared first on Insurance Journal.
  
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• Cause of North Carolina Deck Collapse that Injured 23 Under Investigation

  07-07-2015 10:00
  
  Investigators are trying to determine what caused a deck to collapse as a family was taking a group photo at their rented beach house in North Carolina. The collapse July 4 sent 23 people to the hospital, authorities said. The …
  The article Cause of North Carolina Deck Collapse that Injured 23 Under Investigation appeared first on Insurance Journal.
  
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• North Carolina Salmonella Outbreak Kills 1, Sickens Nearly 250

  07-07-2015 10:00
  
  State health officials say one person has died in connection with a salmonella outbreak at a North Carolina barbecue restaurant. The N.C. Department of Health and Human Services announced the death on its website, but provided no additional details. According …
  The article North Carolina Salmonella Outbreak Kills 1, Sickens Nearly 250 appeared first on Insurance Journal.
  
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• Florida Strip Club Company to Pay $6M Settlement in Dancer Wage Lawsuit

  07-07-2015 10:00
  
  A company that owns strip clubs in Florida and Ohio has reached a $6 million settlement in a class action lawsuit led by a former exotic dancer. Under the terms of the settlement approved by a federal judge this week, …
  The article Florida Strip Club Company to Pay $6M Settlement in Dancer Wage Lawsuit appeared first on Insurance Journal.
  
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• Fire Destroys Historic Florida Cigar Factory

  07-07-2015 10:00
  
  A historic Tampa, Florida cigar factory has been destroyed in a fire. Authorities say the roof and floors of the Palmetto Beach Cigar Factor collapsed in the fire which broke out shortly after midnight July 5. The fire marshal said …
  The article Fire Destroys Historic Florida Cigar Factory appeared first on Insurance Journal.
  
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• Capital Group, Ping An Insurance Among New Investors in China's Didi Kuaidi ... - Wall Street Journal

  07-07-2015 09:52 via wsj.com
  
  Wall Street Journal
  Capital Group, Ping An Insurance Among New Investors in China's Didi Kuaidi ...
  Wall Street Journal
  HONG KONG—The Chinese homegrown competitor to Uber Technologies Inc. is enlisting big new investors including the private equity arm of Los Angeles-based money manager Capital Group Cos. in its $2 billion fundraising round, according to people ...and more »
  
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• DUAL Appoints Watson as Chief Claims Officer

  07-07-2015 09:39
  
  DUAL, the specialist underwriting arm of the Hyperion Insurance Group, announced it has appointed Angus Watson as global chief claims officer, joining September 1, 2015. Watson will join from Arch Insurance Company (Europe) Limited where he was head of claims …
  The article DUAL Appoints Watson as Chief Claims Officer appeared first on Insurance Journal.
  
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• UK’s Towergate Announces Changes to Executive Team

  07-07-2015 09:30
  
  Towergate, the UK-based intermediary, announced that interim CEO Scott Egan will be leaving the company to join the executive board of RSA Insurance Group plc as group chief financial officer*. Egan was appointed interim CEO in February 2015 and will continue …
  The article UK’s Towergate Announces Changes to Executive Team appeared first on Insurance Journal.
  
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• RSA Appoints Towergate’s Egan as Executive Director and Group CFO

  07-07-2015 09:17
  
  RSA Insurance Group plc (RSA) announced the appointment of Scott Egan as an executive director and group chief financial officer of the company. He is expected to join the company during the fourth quarter of this year. He replaces Richard Houghton, …
  The article RSA Appoints Towergate’s Egan as Executive Director and Group CFO appeared first on Insurance Journal.
  
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• RSA Appoints Egan as Executive Director and Group CFO

  07-07-2015 09:17
  
  RSA Insurance Group plc (RSA) announced the appointment of Scott Egan as an executive director and group chief financial officer of the company. He is expected to join the company during the fourth quarter this year. Egan joined Towergate Insurance in …
  The article RSA Appoints Egan as Executive Director and Group CFO appeared first on Insurance Journal.
  
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• Based in Chicago, Rubin to Head Integro’s M&A Unit

  07-07-2015 07:42
  
  International insurance brokerage and risk management firm Integro Ltd. has hired Ben Rubin as a principal and head of mergers and acquisitions, a new position. He is based in Chicago. Rubin joins Integro from Chicago’s Lake Forest Bank & Trust, where, …
  The article Based in Chicago, Rubin to Head Integro’s M&A Unit appeared first on Insurance Journal.
  
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• Shaffer: Insurance cos. offer savings to live by your side | Boston Herald - Boston Herald

  07-07-2015 06:10 via bostonherald.com
  
  Boston Herald
  Shaffer: Insurance cos. offer savings to live by your side | Boston Herald
  Boston Herald
  More and more, insurance companies are using what could be considered Big Brother tactics to keep track of their customers. In the last few weeks, Boston-based Liberty Mutual and American Family Insurance began offering discounts in a number of states ...
  
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• New Rules as of Sept. 1 for a Hot-Selling Insurance Product - WSJ - Wall Street Journal

  07-07-2015 05:23 via wsj.com
  
  Wall Street Journal
  New Rules as of Sept. 1 for a Hot-Selling Insurance Product - WSJ
  Wall Street Journal
  Come Sept. 1, the marketing pitches for one of the hottest life-insurance products might become a lot less enticing. The product, called indexed universal life, relies on investment gains based on stock-market indexes. The policies promise annual ...and more »
  
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• Insurance companies must now provide coverage to families with autistic ... - Savannah Morning News

  07-07-2015 04:36 via savannahnow.com
  Insurance companies must now provide coverage to families with autistic ...
  Savannah Morning News
  ATLANTA — As of July 1, private insurance companies will provide coverage for the best therapeutic treatment for children with autism ages 6 and under, as a result of a new law. Ava's Law, passed unanimously this year by the Georgia General Assembly, ...and more »
  
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• Citing rising insurance rates, Rochester Lancers call it quits - Rochester Democrat and Chronicle

  07-07-2015 02:38 via democratandchronicle.com
  
  Rochester Democrat and Chronicle
  Citing rising insurance rates, Rochester Lancers call it quits
  Rochester Democrat and Chronicle
  After four seasons, the Rochester Lancers are done — telling their players and season-ticket holders on Monday that skyrocketing insurance premiums have made it impossible to continue. "We cannot get insurance," Salvatore "Soccer Sam" Fantauzzo, the ...and more »
  
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• New fire rating can save Hollywood residents money on insurance | WHNT.com - whnt.com

  07-07-2015 00:35 via whnt.com
  
  whnt.com
  New fire rating can save Hollywood residents money on insurance | WHNT.com
  whnt.com
  HOLLYWOOD, Ala. – In March, the Hollywood Fire Department was under evaluation by Insurance Services Office, or ISO, Now the results are in, and it's good news for the town. Hollywood Fire Chief Patrick Allen wants people to contact their insurance ...
  CCFD Chairman Said Insurance Rating Drop was Due to Training Issues ... - PatchPatch.com
  New ratings could mean lower fire insurance premiums
  
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• Kansas still not offering insurance to same-sex spouses / LJWorld.com - Lawrence Journal World

  07-07-2015 00:05 via www2.ljworld.com
  
  Kansas still not offering insurance to same-sex spouses / LJWorld.com
  Lawrence Journal World
  Topeka — Ten days after the U.S. Supreme Court legalized same-sex marriages nationwide, the state of Kansas is still refusing to allow those couples to get family coverage under the State Employee Health Plan. Kansas Department of Health and ...and more »
  
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• NBAPA wants to use new TV money to cover health insurance for former players ... - SB Nation

  07-07-2015 00:05 via sbnation.com
  
  NBAPA wants to use new TV money to cover health insurance for former players ...
  SB Nation
  The NBA is flush with new television revenue, and the players association has come up with one uplifting way to spend it. The NBAPA is hoping to use the new TV money to get health insurance coverage for former players, according to Adrian Wojnarowski ...and more »
  
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