Insurance news

• Cal Fire Captain, Insurance Agent Brother Arrested For Insurance Fraud

  27-07-2015 22:46
  
  A California Fire captain and his insurance agent brother have been arrested for insurance fraud. Neal Moriarty, 38, a Cal Fire Captain, and Ross Moriarty, 42, a licensed insurance agent, were arrested last week on multiple felony counts of insurance …
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• Energi Opens Northwest Regional Office in Washington

  27-07-2015 19:10
  
  Energi has opened the company’s first Pacific Northwest regional office in Kirkland, Wash. The office outside of Seattle will house a number of insurance and risk management professionals serving the company’s clients and partners in the Northwest. Five Energi employees …
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• Latest New York Corruption Cases Highlight Patronage Claims

  27-07-2015 18:54
  
  It’s a practice seemingly as old as politics itself: top elected officials finding jobs for their wayward sons. The criminal cases against men who used to be two of New York’s most powerful lawmakers both hinge on allegations they took …
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• Despite Truce, Uber Agreement Keeps Tensions High at NYC City Hall

  27-07-2015 18:50
  
  The deal that, for now, decided the ride-hailing behemoth Uber’s future in New York City began with a phone call to Rome. New York City Council Speaker Melissa Mark-Viverito on Tuesday, July 21, called Mayor Bill de Blasio, who was …
  The article Despite Truce, Uber Agreement Keeps Tensions High at NYC City Hall appeared first on Insurance Journal.
  
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• Hiscox CEO Supports Industry-Wide Stress Test for 9/11-Scale Event

  27-07-2015 18:22
  
  UK regulators need to widen stress tests for insurers to show how the whole industry, including themselves, would respond to an event on the scale of the 9/11 attacks, Hiscox Ltd. said. Unless the Prudential Regulation Authority, or PRA, can …
  The article Hiscox CEO Supports Industry-Wide Stress Test for 9/11-Scale Event appeared first on Insurance Journal.
  
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• Groups Divided Over Lax ATV Safety Laws in Illinois

  27-07-2015 18:12
  
  Illinois has some of the least-restrictive laws regulating all-terrain vehicles, and enthusiasts and consumer advocates are divided about how to make the popular sport safer. The Chicago Tribune reports that July and August are the deadliest months for ATV accidents. …
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• NAIA Hires Sherwood as Director of Marketing & Communications in Maine

  27-07-2015 18:11
  
  North American Insurance Alliance (NAIA), an agency alliance based in Rangeley, Maine, hired Rebecca Sherwood as director of marketing and communications. For the past seven and a half years, Sherwood was employed with Travelers Insurance Company as a senior sales …
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• Damage to Homes May Lead to Required Soil Tests in South Dakota Town

  27-07-2015 18:03
  
  Rapid City, S.D., officials are considering requiring homebuilders to test soil conditions at building sites after homeowners complained of severe damage caused by expansive soils. The Rapid City Journal reports the proposed change would require a home be designed to …
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• Damage to Homes May Lead to Required Soil Tests in South Dakota

  27-07-2015 18:03
  
  Rapid City, S.D., officials are considering requiring homebuilders to test soil conditions at building sites after homeowners complained of severe damage caused by expansive soils. The Rapid City Journal reports the proposed change would require a home be designed to …
  The article Damage to Homes May Lead to Required Soil Tests in South Dakota appeared first on Insurance Journal.
  
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• Blue Bell Begins Trial Production Runs after Listeria Scare

  27-07-2015 17:59
  
  Texas-based Blue Bell Creameries has started ice cream production trial runs in Alabama three months after a listeria scare halted all sales. The Texas-based company said it’s evaluating enhanced production processes at its plant in Sylacauga, Ala. Blue Bell earlier …
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• Texas Flood Responders Being Trained in Drone Technology

  27-07-2015 17:58
  
  Drone technology training is part of a Texas A&M University seminar for emergency responders dealing with deadly flooding like the disastrous May storms. The 2015 Summer Institute on Flooding takes place at A&M’s Riverside campus in Bryan. Memorial Day weekend flooding in …
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• Indiana Now Requires Scooter Registration; Thousands Comply

  27-07-2015 17:53
  
  Thousands of motor-driven cycles, the vast majority mopeds and scooters, have been registered with the Indiana Bureau of Motor Vehicles since a new law went into effect in January that placed more stringent requirements on riders of two-wheel vehicles. Until …
  The article Indiana Now Requires Scooter Registration; Thousands Comply appeared first on Insurance Journal.
  
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• N.H. to Begin Winding Down Medical Malpractice Joint Underwriting Association

  27-07-2015 17:52
  
  The New Hampshire Insurance Department announced on July 24 that the Merrimack County Superior Court issued an order appointing Insurance Commissioner Roger A. Sevigny as receiver of the New Hampshire Medical Malpractice Joint Underwriting Association (JUA). The court order comes …
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• Lincoln, Nebraska Considering Ban on ‘Flying Bags of Fire’

  27-07-2015 17:50
  
  The Lincoln, Neb., City Council will consider a proposal to ban flying lanterns — or what Public Safety Director Tom Casady calls “flying bags of fire.” Councilman Roy Christensen proposed the ban, the Lincoln Journal Star reported. Bill Moody, the …
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• One Month Left to Register for Arkansas Disaster Aid: FEMA

  27-07-2015 17:48
  
  The Federal Emergency Management Agency says residents of nine Arkansas counties have just one month left to register for disaster assistance for damage from severe storms in May and June. FEMA said Friday Arkansans who sustained damage due to storms …
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• Louisiana Health Insurance Co-op to Shut Down Voluntarily

  27-07-2015 17:44
  
  A nonprofit cooperative formed to provide health insurance in Louisiana is on the way to shutting down. Louisiana Health Cooperative said it will honor current policies through the end of the year but won’t offer coverage in 2016. The co-op …
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• Utah Comic Con Granted Trademark Amid Legal Battle

  27-07-2015 17:32
  
  The organizers of a Utah comic-book convention have been granted a trademark for Salt Lake Comic Con amid a legal battle with the country’s biggest such event in San Diego. Salt Lake City co-founder Bryan Brandenburg said the trademark announced …
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• Oregon Cyclist Sues 2 Drivers in Injury Accident

  27-07-2015 17:30
  
  A Portland, Ore. bicyclist is suing not only the pickup driver who hit her and shattered bones across her body, but also a second driver she says gave the truck the OK to turn. The Oregonian reported that Cynthia Lewellen …
  The article Oregon Cyclist Sues 2 Drivers in Injury Accident appeared first on Insurance Journal.
  
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• Injured Oregon Cyclist Sues 2 Drivers in Injury Accident

  27-07-2015 17:30
  
  A Portland, Ore. bicyclist is suing not only the pickup driver who hit her and shattered bones across her body, but also a second driver she says gave the truck the OK to turn. The Oregonian reported that Cynthia Lewellen …
  The article Injured Oregon Cyclist Sues 2 Drivers in Injury Accident appeared first on Insurance Journal.
  
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• Montana Man Who Killed Student Settles Suit, Includes Insurance Money

  27-07-2015 17:22
  
  A man who is serving a 70-year prison sentence for killing a German exchange student in his garage has settled a lawsuit filed by the victim’s family, in part by surrendering all his guns to the boy’s parents. Markus Kaarma …
  The article Montana Man Who Killed Student Settles Suit, Includes Insurance Money appeared first on Insurance Journal.
  
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• Northern California Wildfire Threatens Homes, Prompts Evacuations

  27-07-2015 17:17
  
  A Northern California wildfire raced through more than six square miles of drought-stricken timber over the weekend, threatening at least 150 rural homes in the Sierra Nevada, authorities said. The blaze forced evacuations of some communities in and near Nevada …
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• Fiat Chrysler Recall Highlights Cyber Risks of Connected Cars, Telematics

  27-07-2015 16:35
  
  Fiat Chrysler will recall 1.4 million vehicles in the United States to install software to prevent hackers from gaining remote control of the engine, steering and other systems in what federal officials said was the first such action of its …
  The article Fiat Chrysler Recall Highlights Cyber Risks of Connected Cars, Telematics appeared first on Insurance Journal.
  
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• Movie Theaters Balk at Security Checks Following Shootings

  27-07-2015 15:42
  
  American high school students walk through metal detectors each day. The Metropolitan Opera in New York searches the bags and purses of patrons each night, and air travel involves long lines and security checks. But the nation’s movie theaters are …
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• China Minsheng Investment to Acquire White Mountains’ Sirius for $2.2B

  27-07-2015 15:21
  
  White Mountains Insurance Group Ltd. agreed to sell Sirius International Insurance Group Ltd. for about $2.2 billion to an arm of China Minsheng Investment Corp. The price for the reinsurer will be 127 percent of shareholders’ equity, plus $10 million, White Mountains said Monday in …
  The article China Minsheng Investment to Acquire White Mountains’ Sirius for $2.2B appeared first on Insurance Journal.
  
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• Senate Moves Export/Import Bank Renewal with Transportation Funding

  27-07-2015 12:46
  
  The Senate advanced a proposal to extend the U.S. Export-Import Bank’s charter as part of legislation to finance highways and mass transit for three years. The 67-26 vote during an unusual Sunday session moves forward the Senate’s effort to pass …
  The article Senate Moves Export/Import Bank Renewal with Transportation Funding appeared first on Insurance Journal.
  
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• Senate Moves Export Import Renewal with Transportation Funding

  27-07-2015 12:46
  
  The Senate advanced a proposal to extend the U.S. Export-Import Bank’s charter as part of legislation to finance highways and mass transit for three years. The 67-26 vote during an unusual Sunday session moves forward the Senate’s effort to pass …
  The article Senate Moves Export Import Renewal with Transportation Funding appeared first on Insurance Journal.
  
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• McGraw Hill to Pay $2.2 Billion for SNL Financial

  27-07-2015 12:34
  
  McGraw Hill Financial Inc. agreed to buy SNL Financial, the financial news and data services provider owned by buyout firm New Mountain Capital, for about $2.23 billion to add content on the banking and insurance industries. SNL joins a roster …
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• McGraw Hill Said to Weigh Acquiring SNL Financial

  27-07-2015 12:34
  
  McGraw Hill Financial Inc. is in talks to buy SNL Financial, the financial news and data services provider owned by buyout firm New Mountain Capital, according to people familiar with the matter. A deal valuing Charlottesville, Virginia-based SNL at about …
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• Hiscox Delivers H1 Pre-Tax Profit of £135.1M, Up From £124.6M in H1 2014

  27-07-2015 12:08
  
  Hiscox, the Bermuda-based specialist insurer, delivered a pre-tax profit of £135.1 million* ($205.2 million) in the first half ending June 30, 2015, compared with £124.6 million ($189.3 million) during the same period in 2014. Gross written premiums for the six-month …
  The article Hiscox Delivers H1 Pre-Tax Profit of£135.1M, Up From £124.6M in H1 2014 appeared first on Insurance Journal.
  
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• UK’s Aviva to Target $3.9B in Renewable Energy Investments

  27-07-2015 10:54
  
  Aviva plc will target 2.5 billion pounds ($3.9 billion) of investments in renewables and energy efficiency over five years to cut exposure to climate risks. The company, which manages about 250 billion pounds of assets, will embed carbon risk into its …
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• UK’s Aviva Targets $3.9 Billion of Renewable Energy Investments

  27-07-2015 10:54
  
  Aviva plc will target 2.5 billion pounds ($3.9 billion) of investments in renewables and energy efficiency over five years to cut exposure to climate risks. The company, which manages about 250 billion pounds of assets, will embed carbon risk into its …
  The article UK’s Aviva Targets $3.9 Billion of Renewable Energy Investments appeared first on Insurance Journal.
  
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• PartnerRe Holders Should Reject Merger with AXIS, Favor EXOR Deal, ISS Says

  27-07-2015 10:18
  
  PartnerRe Ltd. investors should reject a planned merger with rival reinsurer AXIS Capital Holdings Ltd. and instead opt for a bid of more than $6.7 billion from Italy’s EXOR SpA, ISS Proxy Advisory Services said in a report. “A vote against …
  The article PartnerRe Holders Should Reject Merger with AXIS, Favor EXOR Deal, ISS Says appeared first on Insurance Journal.
  
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• Foreign Insurers Taking Cautious Look at Iran in Wake of Nuclear Deal

  27-07-2015 10:04
  
  Western and Middle East insurance specialists see Iran as an appealing $8 billion market in the wake of its nuclear deal with world powers, though uncertainty over when sanctions on Tehran will be lifted means they are treating the country …
  The article Foreign Insurers Taking Cautious Look at Iran in Wake of Nuclear Deal appeared first on Insurance Journal.
  
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• Foreign Insurers Take Cautious Look at Iran Business in Wake of Nuclear Deal

  27-07-2015 10:04
  
  Western and Middle East insurance specialists see Iran as an appealing $8 billion market in the wake of its nuclear deal with world powers, though uncertainty over when sanctions on Tehran will be lifted means they are treating the country …
  The article Foreign Insurers Take Cautious Look at Iran Business in Wake of Nuclear Deal appeared first on Insurance Journal.
  
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• ANV Launches Miscellaneous Professional Liability Program in U.S.

  27-07-2015 06:50
  
  ANV Underwriters, the international managing general underwriter (MGU) segment of global speciality insurance group ANV, has launched a new North America Miscellaneous Professional Liability (MPL) product and team. The new MPL product expands ANV’s MGU presence in the U.S. market …
  The article ANV Launches Miscellaneous Professional Liability Program in U.S. appeared first on Insurance Journal.
  
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• Ridesharing Rules Make it Through North Carolina Senate

  27-07-2015 06:48
  
  A deal brokered between North Carolina lawmakers and ridesharing services such as Uber and Lyft to place regulations on the app-based companies has passed the Senate and will go to the House. The Senate passed a bill July 23 expanding …
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• Cameras to be Placed on Atlanta School Buses

  27-07-2015 06:16
  
  Atlanta Public Schools is planning to mount cameras on school buses to catch drivers who illegally pass while the buses are stopped. The Atlanta Journal-Constitution reports Arizona-based American Traffic Solutions is planning to mount cameras on the side of APS …
  The article Cameras to be Placed on Atlanta School Buses appeared first on Insurance Journal.
  
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• Transport Company Updates Public on West Virginia Oil Train Crash Cleanup

  27-07-2015 06:00
  
  CSX is continuing to closely monitor the environmental impact of a fiery oil-train derailment in southern West Virginia, a spokeswoman said last week. The company held a public informational meeting that drew a sparse turnout July 21 at the Glen …
  The article Transport Company Updates Public on West Virginia Oil Train Crash Cleanup appeared first on Insurance Journal.
  
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• The Doctors Co. Challenging Florida’s Order to Decrease Med Mal Rates

  27-07-2015 06:00
  
  An order by the Florida Office of Insurance Regulation for medical malpractice insurer The Doctors Co. (TDC) to decrease its rates by 15 percent is being contested by the California-based company. A hearing has been set for Oct. 7, 2015, …
  The article The Doctors Co. Challenging Florida’s Order to Decrease Med Mal Rates appeared first on Insurance Journal.
  
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