Insurance news

• Rate hike breakdown: How much more you'll pay for home insurance - WCVB Boston

  28-07-2015 23:43 via wcvb.com
  
  Boston Globe
  Rate hike breakdown: How much more you'll pay for home insurance
  WCVB Boston
  An insurance rate hike could be in your future if you own a home in Massachusetts. Surprising home insurance discounts. Are you aware of all the home insurance discounts that are available through most insurance companies? Bankrate found some ...
  Pricey car insurance policies test consumersBoston Globe
  State Senate to probe high homeowner insurance hikesBoston Heraldall 8 news articles »
  
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• Identifying insurance fraud, how to protect yourself - kfor.com

  28-07-2015 23:21 via kfor.com
  
  Identifying insurance fraud, how to protect yourself
  kfor.com
  Auto insurance fraud can take many different forms. The Anti-Fraud Unit of the Oklahoma Insurance Department wants consumers to be aware of how to protect themselves from insurance-related crime. Here are several different types of auto insurance fraud ...
  
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• Indiana School to Build Tornado Safe Room with $1.6M Grant

  28-07-2015 18:40
  
  Federal officials have awarded a southern Indiana school district $1.6 million to build a tornado safe room at an elementary school. The grant from the Federal Emergency Management Agency will allow Salem Community Schools to add the safe room at …
  The article Indiana School to Build Tornado Safe Room with $1.6M Grant appeared first on Insurance Journal.
  
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• New Mass. Police Policy Questioned by Transparency Advocates

  28-07-2015 18:35
  
  Kelly Young was driving down Route 28 in Milton, Massachusetts, when a sedan traveling in the other direction rear ended another car and veered into Young’s lane, hitting his car head on, police say. Young, 56, a father of two …
  The article New Mass. Police Policy Questioned by Transparency Advocates appeared first on Insurance Journal.
  
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• New Madrid Study Shows Need for Quake Coverage: Missouri Insurance Director

  28-07-2015 18:19
  
  Missouri’s top insurance regulator says a new report on exposures within the reach of the New Madrid seismic zone reinforces the need for residents in affected areas to purchase earthquake insurance. Missouri Insurance Director John Huff says, however, there is …
  The article New Madrid Study Shows Need for Quake Coverage: Missouri Insurance Director appeared first on Insurance Journal.
  
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• Wright National Flood Insurance Co. Ratings Affirmed

  28-07-2015 18:13
  
  A.M. Best has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of Wright National Flood Insurance Co. (WNFIC) in San Antonio, Texas. The outlook for both ratings is stable. The ratings of WNFIC, formerly known as …
  The article Wright National Flood Insurance Co. Ratings Affirmed appeared first on Insurance Journal.
  
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• Study: Lawrence Area a Hotspot for Kansas Turnpike Accidents

  28-07-2015 18:06
  
  Six of the nine most accident-prone spots along the Kansas Turnpike are in the Lawrence area, according to a study compiled for the Kansas Turnpike Authority. Two of the other accident hotspots along the 236-mile turnpike were in the I-70 …
  The article Study: Lawrence Area a Hotspot for Kansas Turnpike Accidents appeared first on Insurance Journal.
  
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• IMA of Dallas Adds Madsen as VP, Account Executive

  28-07-2015 18:02
  
  Independent insurance broker, IMA of Dallas, has hired Katie Madsen as vice president and account executive to oversee commercial property and casualty coverage. Madsen has 10 years of industry experience. She has managed multiple Fortune 500 clients, earned multiple prestigious …
  The article IMA of Dallas Adds Madsen as VP, Account Executive appeared first on Insurance Journal.
  
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• More Wildfires in California, But Less Damage

  28-07-2015 17:46
  
  The number of California wildfires so far this year is up, but the acreage burned is smaller, the result of favorable weather and more firefighters who can quickly be dispatched to corral flames, fire officials say. Since Jan. 1, about …
  The article More Wildfires in California, But Less Damage appeared first on Insurance Journal.
  
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• Mitsubishi Says Edison Claims $7.57B over California Nuclear Facility

  28-07-2015 17:43
  
  Mitsubishi Heavy Industries Ltd. said the operator of the San Onofre nuclear plant is claiming $7.57 billion in damages related to the shutdown of the California facility. The Tokyo-based company said in a filing that U.S. power generator Edison International …
  The article Mitsubishi Says Edison Claims $7.57B over California Nuclear Facility appeared first on Insurance Journal.
  
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• Former Arkansas Insurance Exec Sentenced for Embezzlement

  28-07-2015 17:37
  
  The former president of a Little Rock, Ark.-based insurance company has been sentenced to one year and one day in prison for embezzlement. United States District Judge Susan Webber Wright sentenced John Mathis “Matt” Lile, III, age 56, of Little …
  The article Former Arkansas Insurance Exec Sentenced for Embezzlement appeared first on Insurance Journal.
  
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• Anthem-Cigna Deal Could Erode Hartford Region’s Insurance Power Base

  28-07-2015 17:25
  
  In the mid- to late-1950s, Connecticut General Life Insurance Co. shook the foundation of the city’s venerable insurance industry when it built a suburban office complex in Bloomfield — becoming the first insurer to move out of downtown Hartford. A …
  The article Anthem-Cigna Deal Could Erode Hartford Region’s Insurance Power Base appeared first on Insurance Journal.
  
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• PartnerRe, M&A Focused, Suffers Large Investment Losses in Q2

  28-07-2015 17:13
  
  PartnerRe has enough on its plate juggling a proposed merger with AXIS Capital Holdings Ltd. and an unsolicited bid from the Italian investment firm EXOR SpA. Now there is a sizable second-quarter loss with which to contend, due to a …
  The article PartnerRe, M&A Focused, Suffers Large Investment Losses in Q2 appeared first on Insurance Journal.
  
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• Aspen Reports Q2 Net Income of $49M, Operating Income of $72.2M

  28-07-2015 16:48
  
  Aspen Insurance Holdings Limited, headquartered in Bermuda, reported net income after tax of $49.0 million for the second quarter ended June 30, or $0.62 per diluted share, compared to net income after tax of $130.8 million reported during the same …
  The article Aspen Reports Q2 Net Income of $49M, Operating Income of $72.2M appeared first on Insurance Journal.
  
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• Rising Cost Of Health Care: Obamacare Insurance Premiums To Increase As State ... - International Business Times

  28-07-2015 16:46 via ibtimes.com
  
  International Business Times
  Rising Cost Of Health Care: Obamacare Insurance Premiums To Increase As State ...
  International Business Times
  U.S. President Barack Obama (right) delivers remarks next to Vice President Joe Biden after the Supreme Court ruled 6-3 to uphold the nationwide availability of tax subsidies that are crucial to the implementation of the Affordable Care Act, in the ...
  Nearly half of NY relies on federal health insurance optionCapital New York
  Changes in Self-reported Insur
  
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• AIG Hires Dachille as Investment Officer; Buys His Firm

  28-07-2015 16:36
  
  American International Group (AIG) has named a new investment officer and is buying the new executive’s firm. Douglas A. Dachille, chief executive officer of New York City-based First Principles Capital Management, LLC, will become executive vice president and chief investment …
  The article AIG Hires Dachille as Investment Officer; Buys His Firm appeared first on Insurance Journal.
  
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• The Hartford’s Profit Up in Q2 Results; CEO Addresses M&A Outlook

  28-07-2015 16:14
  
  The Hartford reported core earnings of $389 million for the second quarter 2015, an increase of $245 million from $144 million in second quarter 2014. The increase was due in part to improved underwriting results with lower catastrophe costs in …
  The article The Hartford’s Profit Up in Q2 Results; CEO Addresses M&A Outlook appeared first on Insurance Journal.
  
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• The Hartford’s Profit Up in Q2; CEO Addresses M&A Outlook

  28-07-2015 16:14
  
  The Hartford reported core earnings of $389 million for the second quarter 2015, an increase of $245 million from $144 million in second quarter 2014. The increase was due in part to improved underwriting results with lower catastrophe costs in …
  The article The Hartford’s Profit Up in Q2; CEO Addresses M&A Outlook appeared first on Insurance Journal.
  
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• ACE Names Post-Merger North America Management Team

  28-07-2015 15:14
  
  ACE Limited, which announced plans to acquire Chubb for $28 billion earlier this month, has designated a post-merger leadership team for the North American Insurance operations of the combined company. The North America leadership team for the company to be …
  The article ACE Names Post-Merger North America Management Team appeared first on Insurance Journal.
  
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• ACE Names North America Management Team for New Chubb

  28-07-2015 15:14
  
  ACE Limited, which announced plans to acquire Chubb for $28 billion earlier this month, has designated a post-merger leadership team for the North American Insurance operations of the combined company. The North America leadership team for the company to be …
  The article ACE Names North America Management Team for New Chubb appeared first on Insurance Journal.
  
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• Everest Re Reports Q2 Net Income of $209.1M; Down from $290.2M in Q2 2014

  28-07-2015 14:56
  
  Bermuda-based Everest Re Group Ltd. reported second quarter 2015 net income of $209.1 million, or $4.68 per diluted common share, compared to net income of $290.2 million, or $6.26 per diluted common share, for the second quarter of 2014. After-tax …
  The article Everest Re Reports Q2 Net Income of $209.1M; Down from $290.2M in Q2 2014 appeared first on Insurance Journal.
  
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• McClelland of Majority Leader’s Staff Joins AIA As VP for Federal Affairs

  28-07-2015 14:48
  
  The American Insurance Association (AIA) announced that Wesley R. McClelland will assume the position of vice president for federal affairs effective Sept. 8.  McClelland currently serves as senior policy advisor in the office of House Majority Leader Kevin McCarthy (R-Calif). Before …
  The article McClelland of Majority Leader’s Staff Joins AIA As VP for Federal Affairs appeared first on Insurance Journal.
  
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• Tech Firms Collaborating to Make Drone Air Traffic Safe

  28-07-2015 14:31
  
  Google Inc., the company that brought order to the Internet, has set its sights on doing the same for the flocks of commercial drones expected to someday clog the skies. The search-engine pioneer is joining some of the biggest companies …
  The article Tech Firms Collaborating to Make Drone Air Traffic Safe appeared first on Insurance Journal.
  
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• The plain truth about cruise insurance - USA TODAY

  28-07-2015 14:09 via experience.usatoday.com
  
  USA TODAY
  The plain truth about cruise insurance
  USA TODAY
  If you're considering travel insurance, it pays to look at what's covered and what's not and to make sure what you're getting from the cruise line is the best deal. (Photo: Getty Images). When you buy a cruise your travel agent or the cruise line will ...
  
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• Hospitals, Drugmakers Could Follow Health Insurer Mergers

  28-07-2015 12:48
  
  Anthem Inc’s decision to buy Cigna Corp., forming the largest U.S. health insurer by membership, will likely speed consolidation across the healthcare industry, from hospitals to drugmakers. Anthem announced its proposed $54 billion purchase of Cigna on Friday, just weeks …
  The article Hospitals, Drugmakers Could Follow Health Insurer Mergers appeared first on Insurance Journal.
  
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• Toys ‘R’ Us Facing Credit Insurance Woes As It Restructures

  28-07-2015 12:44
  
  Insurance companies are cutting back on their coverage of Toys “R” Us Inc. suppliers, bringing another headache to a retailer that has suffered more than two years of losses, people familiar with the matter said. Coface SA and Euler Hermes …
  The article Toys ‘R’ Us Facing Credit Insurance Woes As It Restructures appeared first on Insurance Journal.
  
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• Lloyd’s Supports Natural Catastrophe Resilience Plan across Asia

  28-07-2015 12:36
  
  As he prepared to sign a Statement of Intent (SOI) between the British Government, the Monetary Authority of Singapore and Lloyd’s in Singapore, UK Prime Minister David Cameron stressed that insurance is essential to “safeguard economic success.” A bulletin from …
  The article Lloyd’s Supports Natural Catastrophe Resilience Plan across Asia appeared first on Insurance Journal.
  
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• ACE Names Chubb’s Krump Exec. VP – Global Underwriting & Claims

  28-07-2015 11:46
  
  ACE Limited announced that Paul Krump, currently President of Personal Lines and Claims for Chubb, will serve as Executive Vice President for Global Underwriting and Claims for the parent company, effective “upon the completion of the acquisition of Chubb, which is …
  The article ACE Names Chubb’s Krump Exec. VP – Global Underwriting & Claims appeared first on Insurance Journal.
  
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• India PM Modi Plans Expansion of Farmer Insurance before India State Elections

  28-07-2015 11:24
  
  Indian Prime Minister Narendra Modi is planning to give farmers comprehensive insurance coverage as he looks to win state elections in largely rural areas. The government will start the new insurance program in the winter crop running from October to …
  The article India PM Modi Plans Expansion of Farmer Insurance before India State Elections appeared first on Insurance Journal.
  
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• Zurich Insurance Considering Bid for UK’s RSA

  28-07-2015 11:15
  
  Cash-rich Zurich Insurance is weighing a bid for British rival RSA Insurance Group which could top $8 billion and be the latest industry tie-up amid toughening regulations. The impending launch of new European rules governing how much money insurers must …
  The article Zurich Insurance Considering Bid for UK’s RSA appeared first on Insurance Journal.
  
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• Zurich Insurance Examining Bid for RSA of Britain - New York Times

  28-07-2015 10:23 via nytimes.com
  New York Times
  Zurich Insurance Examining Bid for RSA of Britain
  New York Times
  LONDON — Zurich Insurance Group said on Tuesday that it was considering making an offer for its smaller British rival RSA Insurance Group. One of Europe's largest insurers, Zurich said it had made its interest public in response to “market speculation ...
  Zurich Insurance Says Any Offer for RSA May Be in CashBloomberg
  Zurich Insurance Bid for RSA Would Be a GambleWall Street Journal
  Zurich Insurance consider
  
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• West Virginia’s Historic Harpers Ferry Devastated by Fire

  28-07-2015 10:00
  
  The commercial area in historic Harpers Ferry, W. Va., was devastated July 23 when a fire destroyed a building that housed at least a half dozen businesses, Mayor Gregory Vaughn said. He said a long building that extended from one …
  The article West Virginia’s Historic Harpers Ferry Devastated by Fire appeared first on Insurance Journal.
  
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• Ex-Massey CEO’s Lawyers: Keep West Virginia Mine Blast Out of Criminal Trial

  28-07-2015 10:00
  
  Attorneys for former Massey Energy CEO Don Blankenship want evidence about the 2010 explosion at the Upper Big Branch mine in West Virginia kept out of his criminal trial this fall. The Charleston Gazette-Mail reports the attorneys filed a motion …
  The article Ex-Massey CEO’s Lawyers: Keep West Virginia Mine Blast Out of Criminal Trial appeared first on Insurance Journal.
  
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• South Carolina Requests Federal Evaluation on Day Care E.Coli Outbreak Response

  28-07-2015 10:00
  
  South Carolina’s public health department has asked federal officials to evaluate both the agency’s response to an E. coli outbreak that killed one child at a Greenwood day care facility and its infectious disease programs overall. Department of Health and …
  The article South Carolina Requests Federal Evaluation on Day Care E.Coli Outbreak Response appeared first on Insurance Journal.
  
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• PartnerRe Investors Should Vote Against Merger with AXIS: Glass Lewis

  28-07-2015 09:06
  
  PartnerRe Ltd. investors should vote against a planned merger with rival reinsurer AXIS Capital Holdings Ltd., proxy adviser Glass Lewis & Co. said in a recommendation that’s a victory for hostile bidder EXOR SpA. “The liquidity, certainty and immediate premium of …
  The article PartnerRe Investors Should Vote Against Merger with AXIS: Glass Lewis appeared first on Insurance Journal.
  
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• Ironshore Launches Umbrella Coverage up to $5M for High Value Homeowners

  28-07-2015 06:37
  
  Ironshore Personal Lines is now offering a new umbrella program for high net worth homeowner insureds, with properties valued in excess of $1 million, as complementary liability coverage for losses due to unforeseen legal actions. Ironshore Personal Lines’ umbrella program …
  The article Ironshore Launches Umbrella Coverage up to $5M for High Value Homeowners appeared first on Insurance Journal.
  
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• Miami Agent Arrested for Stealing More than $80K from Clients

  28-07-2015 06:03
  
  The Florida Department of Financial Services’ Division of Insurance Fraud has announced the arrest of Mandy Rodriguez, 35, on felony fraud and grand theft charges after an investigation revealed that Rodriguez, a licensed insurance agent, allegedly stole more than $80,000 …
  The article Miami Agent Arrested for Stealing More than $80K from Clients appeared first on Insurance Journal.
  
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• Average Rise on Insurance Seen at 4% in California - New York Times

  28-07-2015 02:51 via nytimes.com
  NPR
  Average Rise on Insurance Seen at 4% in California
  New York Times
  WASHINGTON — Health insurance rates will rise next year by an average of just 4 percent in California, one of the few states that actively negotiate prices, state officials said Monday. In other states, insurers, including Blue Cross and Blue Shield ...
  California Health Insurance Exchange Keeps Rate Hikes Low — AgainNPRall 223 news articles »
  
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• Massachusetts Senate OKs Bill to Prep for Changing Environment

  28-07-2015 01:49
  
  The Massachusetts Senate has approved a bill supporters say will help the state better adapt to a changing environment while encouraging the growth of solar energy. The bill, which passed the Senate July 23, would require the state to establish …
  The article Massachusetts Senate OKs Bill to Prep for Changing Environment appeared first on Insurance Journal.
  
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• Compass Specialty Risk Ramos as Vice President of Transportation

  28-07-2015 00:35
  
  Compass Specialty Risk Insurance Services LLC has named Desi Ramos vice president of transportation and practice leader. Ramos will spearhead the new office in Sacramento, Calif. Ramos has experience in the wholesale marketplace, most recently as transportation broker at Hull …
  The article Compass Specialty Risk Ramos as Vice President of Transportation appeared first on Insurance Journal.
  
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