Insurance news

• Insurance Federation says fraud may drive up rates - Kare 11 - KARE

  23-07-2015 23:55 via kare11.com
  
  KARE
  Insurance Federation says fraud may drive up rates - Kare 11
  KARE
  SAINT PAUL, Minn. – The Insurance Federation sounded an alarm Thursday about rising fraud in auto insurance claims. The rise in such claims has been. Loading… Post to Facebook. Insurance Federation says fraud may drive up rates SAINT PAUL, Minn.
  New Laws Aim To Prevent Insurance Fraud, Fake Medical Claims « CBS Minnesota ...CBS Local
  Miami Insurance Agent Arrested For FraudInsurance News Netall 3 news articles &raq
  
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• A.M. Best Withdraws Ratings of Iron Horse Insurance Company - MarketWatch - MarketWatch

  23-07-2015 21:09 via marketwatch.com
  
  A.M. Best Withdraws Ratings of Iron Horse Insurance Company - MarketWatch
  MarketWatch
  OLDWICK, N.J., Jul 23, 2015 (BUSINESS WIRE) -- A.M. Best has affirmed the financial strength rating of A (Excellent) and the issuer credit rating of “a+” of Iron Horse Insurance Company (Iron Horse) (Burlington, VT). The outlook for both ratings is stable.and more »
  
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• Most Maine Crimes Drop in 2014 Even as Drug Arrests Grow

  23-07-2015 18:55
  
  The Maine Department of Public Safety says crime dropped nearly 15 percent last year, the largest drop in the four decades that the state has kept detailed records. Commissioner John Morris said Wednesday every crime category tabulated by the state’s …
  The article Most Maine Crimes Drop in 2014 Even as Drug Arrests Grow appeared first on Insurance Journal.
  
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• Universal Property & Casualty Approved as Licensed Insurance Entity in Va ... - Insurance Journal

  23-07-2015 18:50 via insurancejournal.com
  
  Universal Property & Casualty Approved as Licensed Insurance Entity in Va ...
  Insurance Journal
  Universal Insurance Holdings Inc. in Fort Lauderdale, Florida, announced on July 21 that its wholly-owned subsidiary Universal Property & Casualty Insurance Company (UPCIC) received a certificate of authority from the Virginia State Corporation ...and more »
  
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• Feds Allege More Safety Violations at Ashley Furniture Factory in Wisconsin

  23-07-2015 18:49
  
  A federal safety agency is accusing Ashley Furniture Industries Inc. of more safety violations at its factory in Arcadia, Wis. The U.S. Occupational Safety and Health Administration says a 56-year-old employee lost his right ring finger after a March 11 …
  The article Feds Allege More Safety Violations at Ashley Furniture Factory in Wisconsin appeared first on Insurance Journal.
  
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• Ryan Joins Integro Re as Senior VP in Chicago

  23-07-2015 18:43
  
  Integro Re, the reinsurance division of international insurance brokerage and risk management firm Integro Ltd., has hired Tara Ryan as senior vice president in Chicago. Her responsibilities include the production and servicing of property/casualty program and reinsurance business. Ryan joins …
  The article Ryan Joins Integro Re as Senior VP in Chicago appeared first on Insurance Journal.
  
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• Speed a Factor in 27% of Louisiana Traffic Deaths in 2013: Report

  23-07-2015 18:40
  
  A new report finds speeding was a factor in at least 27 percent of Louisiana traffic fatalities in 2013. The state had 703 traffic fatalities two years ago and 193 stemmed in part from speeding, a National Highway Traffic Safety …
  The article Speed a Factor in 27% of Louisiana Traffic Deaths in 2013: Report appeared first on Insurance Journal.
  
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• Universal Property & Casualty Approved as Licensed Insurance Entity in Va.

  23-07-2015 18:37
  
  Universal Insurance Holdings Inc. in Fort Lauderdale, Florida, announced on July 21 that its wholly-owned subsidiary Universal Property & Casualty Insurance Company (UPCIC) received a certificate of authority from the Virginia State Corporation Commission approving UPCIC as a licensed insurance …
  The article Universal Property & Casualty Approved as Licensed Insurance Entity in Va. appeared first on Insurance Journal.
  
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• Oklahoma Town OKs Rules Restricting Oil, Gas Drilling in City

  23-07-2015 18:37
  
  Leaders in Stillwater, Okla., approved new rules for oil and gas drilling within the city to the disappointment of industry representatives. A.J. Ferate, vice president of regulatory affairs at the Oklahoma Independent Petroleum Association, said the City Council’s approval of …
  The article Oklahoma Town OKs Rules Restricting Oil, Gas Drilling in City appeared first on Insurance Journal.
  
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• Ohio Sees Rise Auto, Homeowners Rates in 2014

  23-07-2015 18:34
  
  Ohio Lieutenant Governor Mary Taylor announced that average rates for the top 10 private passenger auto and homeowner’s insurance groups in Ohio increased 2.6 percent and 4.3 percent, respectively, in 2014. The average rate change for auto insurance is similar …
  The article Ohio Sees Rise Auto, Homeowners Rates in 2014 appeared first on Insurance Journal.
  
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• Ohio Sees Rise Auto, Homeowners Insurance Rates in 2014

  23-07-2015 18:34
  
  Ohio Lieutenant Governor Mary Taylor announced that average rates for the top 10 private passenger auto and homeowner’s insurance groups in Ohio increased 2.6 percent and 4.3 percent, respectively, in 2014. The average rate change for auto insurance is similar …
  The article Ohio Sees Rise Auto, Homeowners Insurance Rates in 2014 appeared first on Insurance Journal.
  
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• Crouch Honored by Insurance Professionals of Greater New Orleans

  23-07-2015 18:28
  
  Karen Crouch, marketing manager in the commercial lines division at the New Orleans-based insurance agency, Gillis, Ellis & Baker Inc., has been named Insurance Professional of the Year by the Insurance Professionals of Greater New Orleans. Gillis, Ellis & Baker …
  The article Crouch Honored by Insurance Professionals of Greater New Orleans appeared first on Insurance Journal.
  
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• Officials Say Washington Wildfire Was Human-Caused

  23-07-2015 18:18
  
  Officials say a wildfire that has burned one home and torched nearly 6 square miles in southeastern Washington was likely human-caused. Fire spokeswoman Sarah Foster says the cause is under investigation, though officials determined lightning was not the cause. Nearly …
  The article Officials Say Washington Wildfire Was Human-Caused appeared first on Insurance Journal.
  
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• Another Former Employee at Daimler in Oregon Files Discrimination Suit

  23-07-2015 18:11
  
  Another man who used to work for Daimler Trucks North America in Portland, Ore. has filed a discrimination lawsuit against the company. The Oregonian newspaper reported 40-year-old Ricky Pang filed a $250,000 lawsuit on Tuesday saying he was mistreated because …
  The article Another Former Employee at Daimler in Oregon Files Discrimination Suit appeared first on Insurance Journal.
  
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• Knievel sobriety jump in Montana Grounded Over Insurance Concerns

  23-07-2015 18:06
  
  Lack of insurance has grounded Robbie Knievel’s jump over 26 cars in Montana to celebrate his newfound sobriety following a fourth DUI arrest. The Montana Standard reports the jump was planned over a Butte bar, but was moved over insurance concerns. …
  The article Knievel sobriety jump in Montana Grounded Over Insurance Concerns appeared first on Insurance Journal.
  
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• Crack Down On Drivers Using Cellphones in Hawaii

  23-07-2015 17:55
  
  Kauai police say they have issued 539 tickets to people using cellphones while driving, an offense that can come with a pricey $300 fine for first-time law-breakers. Hawaii officials are cracking down on the use of hand-held mobile electronic devices …
  The article Crack Down On Drivers Using Cellphones in Hawaii appeared first on Insurance Journal.
  
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• Report on California Workers’ Comp Reforms Touts Successes

  23-07-2015 17:52
  
  The Department of Industrial Relations and its Division of Workers’ Compensation have released a report on progress implementing California’s workers’ compensation reforms. The report details increased payments to injured workers and significant cost-saving benefits for employers. The reforms are part …
  The article Report on California Workers’ Comp Reforms Touts Successes appeared first on Insurance Journal.
  
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• Senate Bill Would Expand Big Rig Trucking by Teen Drivers Nationally

  23-07-2015 14:55
  
  Drivers as young as 18 years old could be allowed to drive 80,000-pound trucks between states if Congress goes along with a proposal backed by the U.S. trucking industry that safety advocates say would be a disaster. The plan, part …
  The article Senate Bill Would Expand Big Rig Trucking by Teen Drivers Nationally appeared first on Insurance Journal.
  
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• Anthem Reported Close to $48B Deal for Cigna

  23-07-2015 14:39
  
  Anthem Inc. is near an agreement to buy rival Cigna Corp. for about $48 billion, two people with knowledge of the matter said. A deal would create the largest health insurer in the U.S. after almost a year of talks. …
  The article Anthem Reported Close to $48B Deal for Cigna appeared first on Insurance Journal.
  
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• ACE Appoints Stapleton VP, Cyber Insurance Product Manager – ACE Overseas General

  23-07-2015 14:16
  
  ACE Group announced that Tim Stapleton has joined the company as Vice President and Cyber Insurance Product Manager, a newly created position, for ACE Overseas General, the company’s general insurance business outside of North America. The bulletin said Stapleton would …
  The article ACE Appoints Stapleton VP, Cyber Insurance Product Manager – ACE Overseas General appeared first on Insurance Journal.
  
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• ACE Appoints Stapleton VP, Cyber Insurance Manager – ACE Overseas General

  23-07-2015 14:16
  
  ACE Group announced that Tim Stapleton has joined the company as Vice President and Cyber Insurance Product Manager, a newly created position, for ACE Overseas General, the company’s general insurance business outside of North America. The bulletin said Stapleton would …
  The article ACE Appoints Stapleton VP, Cyber Insurance Manager – ACE Overseas General appeared first on Insurance Journal.
  
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• New Chubb Will Preserve Old Chubb’s Agency Culture, Says ACE’s Greenberg

  23-07-2015 12:31
  
  The new company formed as a result of ACE Limited’s acquisition of The Chubb Corp. will continue the Chubb practices that have made it a favorite among independent insurance agents, ACE CEO Evan Greenberg has promised. The new company will …
  The article New Chubb Will Preserve Old Chubb’s Agency Culture, Says ACE’s Greenberg appeared first on Insurance Journal.
  
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• Elliot Joins International General (UK) as Political Violence Underwriter

  23-07-2015 11:07
  
  International General Insurance Holdings Company (UK) announced it has appointed Stuart Elliot as Political Violence Underwriter based in the London office. He joins IGI from Ace European Group, where he was a Terrorism and Political Violence Underwriter. Prior to that, …
  The article Elliot Joins International General (UK) as Political Violence Underwriter appeared first on Insurance Journal.
  
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• Allied World Reports Decreases in Q2 Net and Operating Income

  23-07-2015 10:54
  
  Allied World Assurance Company Holdings, AG has reported net income of $9.5 million, or $0.10 per diluted share, for the second quarter of 2015 compared to net income of $151.9 million, or $1.52 per diluted share, for the second quarter …
  The article Allied World Reports Decreases in Q2 Net and Operating Income appeared first on Insurance Journal.
  
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• Beazley Launches New Insurance Product for Australian Expat Workers

  23-07-2015 10:31
  
  Specialist insurer Beazley today launched Expatriate Medical and Emergency Evacuation, a new tailored insurance solution for Australian employees who live and work overseas. The product combines elements of both health and travel insurance to provide comprehensive coverage for expats based …
  The article Beazley Launches New Insurance Product for Australian Expat Workers appeared first on Insurance Journal.
  
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• JLT Re Builds Programs & Binding Authorities Division with 3 New Hires

  23-07-2015 10:16
  
  JLT Re, the London-based reinsurance broker and consultancy, announced it is continuing to develop and diversify its Programs and Binding Authority Division with three new appointments. Mark Sleet has joined from Miller where he specialized in casualty business; Sleet has …
  The article JLT Re Builds Programs & Binding Authorities Division with 3 New Hires appeared first on Insurance Journal.
  
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• India’s Product Recalls Bring New Business for Insurers Such as AIG, Allianz

  23-07-2015 09:23
  
  As Nestle SA slugs it out with India’s food regulator over the amount of lead in its popular Maggi instant noodles, the dispute is whipping up business for insurers. The local unit of American International Group Inc. is predicting a …
  The article India’s Product Recalls Bring New Business for Insurers Such as AIG, Allianz appeared first on Insurance Journal.
  
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• London Imports Climate-Related Risks Through Insurers, Supply Chains

  23-07-2015 09:05
  
  London is importing climate-related risks through investments, insurers and supply chains, according to a new report that details dangers posed to the UK capital by global warming beyond the physical effects. More than half of FTSE 100 companies and 60 …
  The article London Imports Climate-Related Risks Through Insurers, Supply Chains appeared first on Insurance Journal.
  
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• Willis Partners with HITRUST to Address the Healthcare Industry’s Cyber Exposures

  23-07-2015 07:19
  
  The Health Information Trust Alliance (HITRUST), an organization supporting the healthcare industry in advancing the state of information protection, has partnered with Willis North America to identify a common approach and develop products to better align insurance premiums with cyber …
  The article Willis Partners with HITRUST to Address the Healthcare Industry’s Cyber Exposures appeared first on Insurance Journal.
  
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• A.M. Best Special Report: Florida Property Insurers Remain Untested

  23-07-2015 07:00
  
  The property insurance market in Florida has significantly shifted in market share as Citizens Property Insurance Corp. (Citizens)—the state-run property insurance company—continues to depopulate and move policyholders to the private market, which has increasingly seen the emergence of newly formed, …
  The article A.M. Best Special Report: Florida Property Insurers Remain Untested appeared first on Insurance Journal.
  
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• North Carolina Settles Inmate Death Lawsuit for $2.5M

  23-07-2015 06:51
  
  The North Carolina Department of Public Safety says its Division of Adult Correction has reached a $2.5 million settlement with the estate of a man with mental illness who died of thirst after being held in solitary confinement for 35 …
  The article North Carolina Settles Inmate Death Lawsuit for $2.5M appeared first on Insurance Journal.
  
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• Crawford Names Daniel VP of U.S. Property & Casualty Client Development

  23-07-2015 06:47
  
  Crawford & Company has named Dan Daniel as vice president, U.S. Property & Casualty client development. He formerly served as vice president of Catastrophe Services for U.S. Property & Casualty for the company. Daniel reports to Larry Thomas, CEO, U.S. …
  The article Crawford Names Daniel VP of U.S. Property & Casualty Client Development appeared first on Insurance Journal.
  
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• Conn. Court Overturns $35M Verdict in Hartford’s Auto-Repair Labor Rate Case

  23-07-2015 05:24
  
  The Connecticut Supreme Court on July 13 unanimously overturned nearly $35 million in damages against the Hartford Fire Insurance Company. In its 18-page decision, the Supreme Court said the lower court had incorrectly concluded that the Hartford Fire violated the …
  The article Conn. Court Overturns $35M Verdict in Hartford’s Auto-Repair Labor Rate Case appeared first on Insurance Journal.
  
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• Mistakes on insurance reports lead to massive price increases - KPRC Houston

  23-07-2015 05:21 via click2houston.com
  
  KPRC Houston
  Mistakes on insurance reports lead to massive price increases
  KPRC Houston
  WAS EVEN HURT IN THIS CRASH. INCREDIBLE. YOU KNOW, WE ALL KNOW ABOUT CREDIT REPORTS AND HOW THEY'RE USED IN SO MANY FINANCIAL DECISIONS. BUT THERE'S ONE REPORT OUT THERE THAT NOT A LOT OF PEOPLE KNOW ...and more »
  
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• Miami insurance agent arrested on fraud charges after bilking clients out of ... - Miami Herald

  23-07-2015 03:10 via miamiherald.com
  
  Miami insurance agent arrested on fraud charges after bilking clients out of ...
  Miami Herald
  A Miami insurance agent faces several felony fraud and grand theft charges after detectives say he stole more than $80,000 from four clients by giving them fake policy documents, the Florida Department of Financial Services' Division of Insurance Fraud ...
  
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