Insurance news

• Utah Agent Sentenced to Prison and $1.3M in Restitution

  08-07-2015 22:24
  
  Utah insurance agent Brent Hilton was sentenced to serve one to 15 years in prison and has been taken into custody from the Third District Court in West Jordan. Hilton pled guilty to one count of pattern of unlawful activity …
  The article Utah Agent Sentenced to Prison and $1.3M in Restitution appeared first on Insurance Journal.
  
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• UK Chancellor of Exchequer Angers Insurers by Raising Premium Tax

  08-07-2015 21:39
  
  UK Chancellor of the Exchequer George Osborne angered Britain’s insurance industry by unexpectedly increasing a tax on policy holders that is expected to raise an extra 1.8 billion pounds ($2.8 billion). The insurance premium tax will be increased to 9.5 percent …
  The article UK Chancellor of Exchequer Angers Insurers by Raising Premium Tax appeared first on Insurance Journal.
  
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• New York Stock Exchange Reopens After Nearly 4-Hour Computer Glitch

  08-07-2015 21:36
  
  The New York Stock Exchange began reopening its two equity venues that were shut down for hours today by a computer malfunction. Shares started trading on the New York Stock Exchange, the biggest of the company’s platforms, and NYSE MKT, …
  The article New York Stock Exchange Reopens After Nearly 4-Hour Computer Glitch appeared first on Insurance Journal.
  
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• New York Stock Exchange Reopens After 4-Hour Computer Glitch

  08-07-2015 21:36
  
  The New York Stock Exchange began reopening its two equity venues that were shut down for hours today by a computer malfunction. Shares started trading on the New York Stock Exchange, the biggest of the company’s platforms, and NYSE MKT, …
  The article New York Stock Exchange Reopens After 4-Hour Computer Glitch appeared first on Insurance Journal.
  
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• New York Stock Exchange Reopens

  08-07-2015 21:36
  
  The New York Stock Exchange began reopening its two equity venues that were shut down for hours today by a computer malfunction. Shares started trading on the New York Stock Exchange, the biggest of the company’s platforms, and NYSE MKT, …
  The article New York Stock Exchange Reopens appeared first on Insurance Journal.
  
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• Berkshire Hathaway’s MedPro Buying Oklahoma Medical Liability Insurer PLICO

  08-07-2015 21:23
  
  Berkshire Hathaway’s MedPro Group has agreed to acquire Oklahoma healthcare liability insurer PLICO Inc., which is owned by the Oklahoma State Medical Association (OSMA). The boards of each entity have approved OSMA’s sale to MedPro of 100 percent ownership of …
  The article Berkshire Hathaway’s MedPro Buying Oklahoma Medical Liability Insurer PLICO appeared first on Insurance Journal.
  
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• Check Your Insurance Policies for Hidden Coverage (Like Massages) - Lifehacker - Lifehacker

  08-07-2015 20:03 via lifehacker.com
  
  Lifehacker
  Check Your Insurance Policies for Hidden Coverage (Like Massages) - Lifehacker
  Lifehacker
  Like credit cards with their overlooked perks, home, health, and auto insurance policies often provide coverage for hidden or unusual items. Before you spend money out of pocket on massages, pot hole damage, or property improvements, check your policies.and more »
  
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• UPDATE: UTC to offer insurance benefits for same-sex couples - WRCBtv.com ... - WRCB-TV

  08-07-2015 19:08 via wrcbtv.com
  
  WRCB-TV
  UPDATE: UTC to offer insurance benefits for same-sex couples - WRCBtv.com ...
  WRCB-TV
  UPDATE: The University of Tennessee at Chattanooga will also offer same-sex insurance benefits to all UTC employees that are eligible for insurance, according to Chuck Cantrell, UTC's Associate Vice Chancellor, Communication and Marketing.
  Insurance benefits for same-sex couples now available at UT - News Sentinel ...Knoxville News Sentinelall 3 news articles »
  
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• Takedown of insurance fraud ring in Palm Beach, Martin airs on A&E ... - Palm Beach Post (blog)

  08-07-2015 19:05 via protectingyourpocket.blog.palmbeachpost.com
  
  Palm Beach Post (blog)
  Takedown of insurance fraud ring in Palm Beach, Martin airs on A&E ...
  Palm Beach Post (blog)
  PIP A year-long undercover investigation into an insurance fraud ring in Palm Beach, Martin and Miami-Dade counties gets behind-the-scenes treatment Thursday night at 10 pm EST on TV network A&E. The episode of the network's newest show American ...
  
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• N.Y. Assembly OKs Bill to Expedite Claims Processes After Disasters

  08-07-2015 18:59
  
  The New York State Assembly recently approved a bill (A04458) that would require insurers to expedite claims investigation and settlement processes after declared disasters and emergencies. Under the legislation, which passed the Assembly on June 17, insurers would be required …
  The article N.Y. Assembly OKs Bill to Expedite Claims Processes After Disasters appeared first on Insurance Journal.
  
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• XL Catlin, Financial Risk Services to Offer Coverage for HVAC Contractors

  08-07-2015 18:58
  
  XL Catlin and Financial Risk Solutions, Inc. have entered an exclusive underwriting agreement to offer Chill-Pro contractual liability insurance coverage for heating ventilation and air conditioning (HVAC) contractors in the US. Chill-Pro is a national insurance program that provides service …
  The article XL Catlin, Financial Risk Services to Offer Coverage for HVAC Contractors appeared first on Insurance Journal.
  
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• Parks named acting state insurance commissioner | Las Vegas Review-Journal - Las Vegas Review-Journal

  08-07-2015 18:56 via reviewjournal.com
  
  Parks named acting state insurance commissioner | Las Vegas Review-Journal
  Las Vegas Review-Journal
  CARSON CITY — A longtime employee of the Nevada Division of Insurance has been named acting insurance commissioner. Amy Parks was appointed Tuesday by Bruce Breslow, director of the Department of Business and Industry. Parks has served as ...
  Acting commissioner appointed for state Division of Insurance - Las Vegas Sun ...Las Vegas Sun
  Nevada Names New Insurance Commissioner After Resignat
  
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• Corzine, Ex-MF Global Officials Agree to Settle Investor Lawsuit for $64.5M

  08-07-2015 18:52
  
  Jon Corzine and other former MF Global Holdings Ltd officials have reached a $64.5 million settlement of litigation brought by investors seeking to hold them liable for the now-defunct futures brokerage’s 2011 bankruptcy. The preliminary all-cash settlement with Corzine, who …
  The article Corzine, Ex-MF Global Officials Agree to Settle Investor Lawsuit for $64.5M appeared first on Insurance Journal.
  
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• North Carolina Man Charged with 8 Counts of Insurance Fraud

  08-07-2015 18:41
  
  A Raleigh, N.C., man has been charged with eight counts of insurance fraud, eight counts obtaining property by false pretense, four counts of attempting to obtain property by false pretense and four counts of providing a false statement on an …
  The article North Carolina Man Charged with 8 Counts of Insurance Fraud appeared first on Insurance Journal.
  
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• Updated: New York Stock Exchange Suspends Trading, Citing ‘Technical Issue’

  08-07-2015 18:08
  
  The New York Stock Exchange halted trading in all securities as it addressed a computer malfunction and said it canceled all outstanding orders. “We’re currently experiencing a technical issue that we’re working to resolve as quickly as possible,” Marissa Arnold, …
  The article Updated: New York Stock Exchange Suspends Trading, Citing ‘Technical Issue’ appeared first on Insurance Journal.
  
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• Updated: New York Stock Exchange Suspends Trading

  08-07-2015 18:08
  
  The New York Stock Exchange shut down its main market because of a computer malfunction, forcing traders to steer orders elsewhere in the biggest disruption to an American equity venue in almost two years. The suspension, announced to securities firms …
  The article Updated: New York Stock Exchange Suspends Trading appeared first on Insurance Journal.
  
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• New York Stock Exchange Suspends Trading, Citing ‘Technical Issue’

  08-07-2015 18:08
  
  The New York Stock Exchange halted trading in all securities as it addressed a computer malfunction and said it canceled all outstanding orders. “We’re currently experiencing a technical issue that we’re working to resolve as quickly as possible,” Marissa Arnold, …
  The article New York Stock Exchange Suspends Trading, Citing ‘Technical Issue’ appeared first on Insurance Journal.
  
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• Workplace Incident in South Dakota Kills North Dakota Man

  08-07-2015 18:07
  
  A North Dakota man was killed while working at an asphalt production plant in central South Dakota. Sully County Sherriff Bill Stahl told KCCR radio that 66-year-old Jerold Walth of Wishek, North Dakota, was performing maintenance on equipment at the asphalt …
  The article Workplace Incident in South Dakota Kills North Dakota Man appeared first on Insurance Journal.
  
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• Google Tests Driverless Cars in Texas City

  08-07-2015 18:06
  
  Google Inc. has selected Texas as the latest testing site for its self-driving car project, the company announced Tuesday. A modified Lexus SUV has already been seen on Austin roads, with safety drivers on board, according to the Austin American-Statesman. …
  The article Google Tests Driverless Cars in Texas City appeared first on Insurance Journal.
  
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• Utah Officials Use Playful Highway Signs to Encourage Safe Driving

  08-07-2015 18:02
  
  Utah state transportation officials are employing playful messages on highway digital signs in the latest attempt to encourage safe driving. The Standard-Examiner newspaper in Ogden reported that the signs say things such as “Turn signals: The original text message.” Others …
  The article Utah Officials Use Playful Highway Signs to Encourage Safe Driving appeared first on Insurance Journal.
  
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• Aspen U.S. Names Zurich’s Hickey to Head Marine Insurance Unit

  08-07-2015 18:00
  
  Patrick Hickey has been named as executive vice president for Marine at Aspen U.S. Insurance. Hickey will lead Aspen Insurance’s marine operation in the U.S., covering both inland and ocean. He will report to Tony Carroll, executive vice president, head …
  The article Aspen U.S. Names Zurich’s Hickey to Head Marine Insurance Unit appeared first on Insurance Journal.
  
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• Jury Awards Former Southern California Police Dispatcher $315K

  08-07-2015 17:59
  
  A police dispatcher in Southern California who alleges she was fired for reporting an officer accused of raping and sexually assaulting other dispatchers has been awarded more than $315,000. The Sun reported a jury’s verdict was decided in favor of …
  The article Jury Awards Former Southern California Police Dispatcher $315K appeared first on Insurance Journal.
  
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• Estate of Oregon Woman Killed by School Bus Files Lawsuit

  08-07-2015 17:54
  
  The estate of a 43-year-old woman who was fatally injured when she was hit by a school bus as she crossed the street with her husband has filed an $8.7 million lawsuit. The Oregonian reported that Renee Bates and her …
  The article Estate of Oregon Woman Killed by School Bus Files Lawsuit appeared first on Insurance Journal.
  
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• New Mexico Gets Federal Grants to Help Fight DUI

  08-07-2015 17:51
  
  The New Mexico Department of Transportation will be getting four grants worth more than $365,000 to help prevent drunken driving and improve safety on the state’s roads. The funding will be awarded through the U.S. Department of Transportation’s State Traffic …
  The article New Mexico Gets Federal Grants to Help Fight DUI appeared first on Insurance Journal.
  
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• New Mexico Gets Federal Grants Help Fight DUI

  08-07-2015 17:51
  
  The New Mexico Department of Transportation will be getting four grants worth more than $365,000 to help prevent drunken driving and improve safety on the state’s roads. The funding will be awarded through the U.S. Department of Transportation’s State Traffic …
  The article New Mexico Gets Federal Grants Help Fight DUI appeared first on Insurance Journal.
  
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• FDNY: June 2015 Marks 1st Month in 150 Years With No Fire Deaths in NYC

  08-07-2015 17:18
  
  The New York City Fire Department (FDNY) announced that the month of June 2015 marked the first month on record in FDNY’s 150-year history without any reported fire-related fatalities in New York City. “This achievement is a testament to the …
  The article FDNY: June 2015 Marks 1st Month in 150 Years With No Fire Deaths in NYC appeared first on Insurance Journal.
  
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• Agents testify that couple upped insurance coverage before blowing up home ... - CBS News

  08-07-2015 17:14 via cbsnews.com
  
  CBS News
  Agents testify that couple upped insurance coverage before blowing up home ...
  CBS News
  SOUTH BEND, Ind. -- The girlfriend of a man accused of blowing up their Indianapolis house, devastating a subdivision and killing two neighbors, nearly doubled the insurance coverage for the contents of their home 11 months before the explosion, two ...and more »
  
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• Summer Budget: Osborne accused of insurance 'stealth tax' - FT.com - Financial Times

  08-07-2015 17:13 via ft.com
  Financial Times
  Summer Budget: Osborne accused of insurance 'stealth tax' - FT.com
  Financial Times
  George Osborne has been accused of turning to a “stealth tax” to raise funds after increasing a levy on insurance policyholders by almost 60 per cent. Insurers warned that motorists, homeowners and businesses were facing a sharp rise in premiums as a ...
  Budget 2015: Millions to be hit by insurance price rises - TelegraphTelegraph.co.uk
  Motor and home insurance premiums set to ris
  
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• BLOG: People line up for insurance jobs in 2018 - Insurance Business America - Insurance Business America

  08-07-2015 17:01 via ibamag.com
  
  BLOG: People line up for insurance jobs in 2018 - Insurance Business America
  Insurance Business America
  Experts are predicting that one-fourth of the American insurance agent population will retire by 2018. It's a call for the industry to start recruiting younger people (mainly producers) immediately. Of course, most people know that millennials and Gen ...
  
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• Turning Office Workers Into Athletes

  08-07-2015 16:57
  
  Office work will become much less of a pain in the neck if Julie Côté has her way. This kinesiology researcher who teaches at McGill University in Montreal is interested in finding ways to reduce or even prevent the kinds …
  The article Turning Office Workers Into Athletes appeared first on Insurance Journal.
  
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• Report: Blue Cross and Blue Shield of Oklahoma insurance rates might go up 31 ... - Tulsa World

  08-07-2015 16:55 via tulsaworld.com
  Report: Blue Cross and Blue Shield of Oklahoma insurance rates might go up 31 ...
  Tulsa World
  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 ...and more »
  
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• The best life insurance for your life stage - CNBC.com - CNBC

  08-07-2015 16:52 via cnbc.com
  
  CNBC
  The best life insurance for your life stage - CNBC.com
  CNBC
  Insurance agents regularly approach new moms and dads about buying term life insurance to make sure their children will be cared for until adulthood. But people's insurance needs shift depending on their stage in life, and their reasons for getting ...
  Why middle-aged people may need more life insurance - NerdWalletNerdWallet (blog)all 10 news articles »
  
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• Life insurance benefits you may not know about - CNBC

  08-07-2015 16:52 via cnbc.com
  
  CNBC
  Life insurance benefits you may not know about
  CNBC
  Insurance agents regularly approach new moms and dads about buying term life insurance to make sure their children will be cared for until adulthood. But people's insurance needs shift depending on their stage in life, and their reasons for getting ...
  How Your Subconscious Says 'No' to Life Insurance - NerdWalletNerdWallet (blog)all 13 news articles »
  
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• U.S. Power Grid Attack Could Cause $1 Trillion Economic, $70 Billion Insurance ... - Insurance Journal

  08-07-2015 16:34 via insurancejournal.com
  
  U.S. Power Grid Attack Could Cause $1 Trillion Economic, $70 Billion Insurance ...
  Insurance Journal
  A cyber attack on the U.S. power grid in the Northeast would have far-reaching implications including the loss of lives, economic losses of as much as a trillion dollars, the disruption of water supplies and transportation, and potentially more than ...and more »
  
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• Monmouth County Brothers Plead Guilty To Insurance Fraud | Manalapan, NJ ... - Patch.com

  08-07-2015 16:20 via patch.com
  
  Patch.com
  Monmouth County Brothers Plead Guilty To Insurance Fraud | Manalapan, NJ ...
  Patch.com
  The men paid runners to recruit crash victims as patients for chiropractic facilities they controlled, authorities said. By Michelle Sahn (Patch Staff) July 8, 2015. Share. 0 Comments. Monmouth County Brothers Plead Guilty To Insurance Fraud. Two Colts ...
  Two N.J. brothers admit organizing accident insurance scheme - News ...NorthJersey.comall 14 news articles »
  
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• U.S. Power Grid Attack Could Cause $1 Trillion Economic, $70 Billion Insurance Losses: Lloyd’s Report

  08-07-2015 16:20
  
  A cyber attack on the U.S. power grid in the Northeast would have far-reaching implications including the loss of lives, economic losses of as much as a trillion dollars, the disruption of water supplies and transportation, and more than $70 …
  The article U.S. Power Grid Attack Could Cause $1 Trillion Economic, $70 Billion Insurance Losses: Lloyd’s Report appeared first on Insurance Journal.
  
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• Insurance Claims Specialist Wins $230K in Robocall Complaint Against Time-Warner

  08-07-2015 15:14
  
  Many people dislike receiving robocalls. Araceli King disliked receiving 153 of them from a single company. Time Warner Cable Inc. must pay the insurance claims specialist $229,500 for placing 153 automated calls meant for someone else to her cellphone in …
  The article Insurance Claims Specialist Wins $230K in Robocall Complaint Against Time-Warner appeared first on Insurance Journal.
  
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• Florida Fire Marshal Rules Church Fire an Accident

  08-07-2015 15:00
  
  State investigators say a fire that destroyed a predominantly black church in Florida’s capital was accidental and not the work of an arsonist. Some reports had linked the fire last week at Greater Miracle Temple in Tallahassee to other black …
  The article Florida Fire Marshal Rules Church Fire an Accident appeared first on Insurance Journal.
  
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• Report: Staph Cause of Nearly 90 Sick Kids at Alabama Day Care

  08-07-2015 15:00
  
  The Alabama Department of Public Health has confirmed staph in several types of food served at a Montgomery day care was what sent nearly 90 children to the emergency room and required 30 to be hospitalized. Multiple media outlets report …
  The article Report: Staph Cause of Nearly 90 Sick Kids at Alabama Day Care appeared first on Insurance Journal.
  
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• Uber Says ‘So Long’ to One of Florida’s Largest Counties

  08-07-2015 15:00
  
  The popular ridesharing service Uber has announced it is leaving Broward County. The company announced July 6 that it will withdraw completely from the county on July 31. Uber had previously agreed to withdraw from the airport and port in …
  The article Uber Says ‘So Long’ to One of Florida’s Largest Counties appeared first on Insurance Journal.
  
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• IMF Urges U.S. Adopt Tougher Rules for Insurers

  08-07-2015 14:46
  
  The U.S. needs to follow through on plans to impose tougher rules on non-bank financial institutions such as mutual funds and insurers that are increasingly posing a risk to the financial system, the International Monetary Fund said. It’s critical that …
  The article IMF Urges U.S. Adopt Tougher Rules for Insurers appeared first on Insurance Journal.
  
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• Young adults see cost as disadvantage of health insurance | Fox News - Fox News

  08-07-2015 13:55 via foxnews.com
  
  Fox News
  Young adults see cost as disadvantage of health insurance | Fox News
  Fox News
  While many young adults are concerned about the cost of health insurance, they often don't understand how out-of-pocket costs for care can add up, a small study suggests. These adults, mostly in their 20s, see access to preventive or primary care as ...
  GOP blames ObamaCare for health insurance merger-mania | TheHillThe Hill
  The choice ahead: private health-insurance monopoly or single-payer system ...Bal
  
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• Yes, Georgia's teachers pay more for health insurance. No, the state shouldn't ... - Atlanta Journal Constitution (blog)

  08-07-2015 13:39 via kylewingfield.blog.ajc.com
  
  Atlanta Journal Constitution (blog)
  Yes, Georgia's teachers pay more for health insurance. No, the state shouldn't ...
  Atlanta Journal Constitution (blog)
  Yes, Georgia's teachers pay more for health insurance. No, the state shouldn't pick up more of the tab. July 8, 2015 | Filed in: Education, Health care, State. Comments 0. Supporters of T.R.A.G.I.C. (Teachers Rally to Advocate for Georgia Insurance ...and more »
  
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• Illinois bill on workers' compensation insurance pricing is a bad idea ... - Crain's Chicago Business

  08-07-2015 13:25 via chicagobusiness.com
  Crain's Chicago Business
  Illinois bill on workers' compensation insurance pricing is a bad idea ...
  Crain's Chicago Business
  In July 1979, my first month as Illinois' director of insurance, I found myself in the grip of a law enacted before I was born. Under a 1947 Illinois law, 250 workers' compensation insurance companies had jointly filed rates for approval by the ...and more »
  
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• Self-funded dental insurance? Colorado's Delta Dental leaps into a new market ... - Denver Business Journal

  08-07-2015 12:15 via bizjournals.com
  
  Denver Business Journal
  Self-funded dental insurance? Colorado's Delta Dental leaps into a new market ...
  Denver Business Journal
  At a time when more mid-sized businesses are leaving fully funded health insurance plans for the world of self-funding, the state's largest dental insurer is betting those same companies will want to self-fund their employees' teeth care as well. Delta ...
  
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• GOP blames ObamaCare for health insurance merger-mania | TheHill - The Hill

  08-07-2015 12:00 via thehill.com
  
  The Hill
  GOP blames ObamaCare for health insurance merger-mania | TheHill
  The Hill
  A frenzy of healthcare mergers has given Republicans' a new line of attack against ObamaCare, which they say is boosting profits for insurance giants at a cost to consumers. The merger mania — evidenced most recently by a $35 billion deal announced by ...
  Obamacare helps drive health insurance consolidation | Albuquerque Journal ...Albuquerque Journal
  Young adults see cost as disadvantage of health ins
  
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• GOP blames ObamaCare for health insurance merger-mania - The Hill

  08-07-2015 12:00 via thehill.com
  
  The Hill
  GOP blames ObamaCare for health insurance merger-mania
  The Hill
  A frenzy of healthcare mergers has given Republicans' a new line of attack against ObamaCare, which they say is boosting profits for insurance giants at a cost to consumers. The merger mania — evidenced most recently by a $35 billion deal announced by ...
  You're about to pay A LOT more for health insuranceCNBC
  Young adults see cost as disadvantage of health insuranceFox News
  The Choice Ahead: A Private Healt
  
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• Colosso to Retire as CEO of Howden UK

  08-07-2015 11:39
  
  Hyperion Insurance Group, the London-based employee-owned insurance and reinsurance intermediary group, announced that Adrian Colosso will be stepping down and retiring from his role as CEO of Howden UK at the end of July 2015. Colosso came out of retirement …
  The article Colosso to Retire as CEO of Howden UK appeared first on Insurance Journal.
  
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• Rincón to Head New W. R. Berkley Subsidiary-Berkley Int’l. Seguros Colombia

  08-07-2015 11:24
  
  W. R. Berkley Corporation announced the formation of Berkley International Seguros Colombia S.A., which it said would “provide a full range of commercial insurance products, including construction all risk, surety, general liability, directors and officers liability, select classes of professional …
  The article Rincón to Head New W. R. Berkley Subsidiary-Berkley Int’l. Seguros Colombia appeared first on Insurance Journal.
  
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• PERILS 3rd Loss Estimate for Windstorm Ebon-Felix is $362 Million

  08-07-2015 11:18
  
  PERILS AG has disclosed its third loss estimate for windstorm Elon-Felix which affected Western and Northern Europe between the 8th and the 12th of January 2015. The revised estimate of the property insurance market loss is €328 million [$362 million]. …
  The article PERILS 3rd Loss Estimate for Windstorm Ebon-Felix is $362 Million appeared first on Insurance Journal.
  
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