Insurance news

• Fed Up with Crummy Streets, Detroit-Area Residents Patch Potholes

  29-07-2015 23:28
  
  Some Detroit-area residents fed up with the crummy condition of certain streets are taking matters into their own hands. Volunteers with the recently started Hamtramck Guerrilla Road Repair effort started filling in potholes July 25 on one roadway and they …
  The article Fed Up with Crummy Streets, Detroit-Area Residents Patch Potholes appeared first on Insurance Journal.
  
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• Southwest Risk Taps Keller to Lead New Agency Services Division

  29-07-2015 23:25
  
  Dallas-based Southwest Risk LP has created a new division, Southwest Risk Agency Services (SWRAS), with a focus on binding business and programs for independent agents. The new division will be led by Joy Keller, a seasoned insurance professional who has built …
  The article Southwest Risk Taps Keller to Lead New Agency Services Division appeared first on Insurance Journal.
  
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• Businesses Report Losses from Lowering of Ohio’s Buckeye Lake

  29-07-2015 23:22
  
  More than a dozen businesses near central Ohio’s Buckeye Lake say they’ve lost significant revenue with the water kept low as plans are made to replace a deteriorated dam. The businesses detailed their losses on forms intended to help the …
  The article Businesses Report Losses from Lowering of Ohio’s Buckeye Lake appeared first on Insurance Journal.
  
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• Martinez: New 'flood zone' boundaries, more to need flood insurance - Contra Costa Times

  29-07-2015 19:38 via contracostatimes.com
  
  Martinez: New 'flood zone' boundaries, more to need flood insurance
  Contra Costa Times
  MARTINEZ -- The city's "flood zone" boundary will officially extend further inland as of Sept. 30, meaning that homeowners with federally insured loans who live near water could be required to buy flood. insurance. And homeowners who already have flood ...and more »
  
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• 10 Children Injured in Crash of Church Van on Oklahoma Highway

  29-07-2015 19:25
  
  The Oklahoma Highway Patrol says a church van headed to Branson, Mo., crashed on the Will Rogers Turnpike in northeastern Oklahoma, injuring 10 children who were onboard. Trooper Dwight Durant says the van crashed just before 1 p.m. on July …
  The article 10 Children Injured in Crash of Church Van on Oklahoma Highway appeared first on Insurance Journal.
  
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• It's morally suspect for Wheaton College to cut students' insurance - Chicago Tribune

  29-07-2015 19:16 via chicagotribune.com
  
  Chicago Tribune
  It's morally suspect for Wheaton College to cut students' insurance
  Chicago Tribune
  heidistevens13Cutting off students' health insurance is morally suspect. Contraceptives? Not so much. Today's Balancing Act. http://t.co/qMzpxVS9Oy. Wheaton College. Chicago Tribune. This coming academic year, Wheaton College will not offer a student ...
  Wheaton College ends student health insurance, citing Obamacare mandateCrain's Chicago Business
  Wheaton College to stop off
  
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• N.Y. Sen. Schumer Touts High-Tech Sensors That Prevent Drunk Driving

  29-07-2015 18:59
  
  U.S. Sen. Charles Schumer says the nation should increase funds for the development of high-tech sensors that can disable a car’s ignition if its driver is drunk. The New York Democrat said on July 26 that he is supporting legislation …
  The article N.Y. Sen. Schumer Touts High-Tech Sensors That Prevent Drunk Driving appeared first on Insurance Journal.
  
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• N.Y. Sen. Schumer Pushes for High-Tech Solution to Drunk Driving

  29-07-2015 18:59
  
  U.S. Sen. Charles Schumer, D-N.Y., says the nation should increase funds for the development of high-tech sensors that can disable a car’s ignition if its driver is drunk. The New York Democrat said on July 26 that he is supporting …
  The article N.Y. Sen. Schumer Pushes for High-Tech Solution to Drunk Driving appeared first on Insurance Journal.
  
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• BHSI Launches Bankers Professional Liability Insurance Program - Insurance Journal

  29-07-2015 18:59 via insurancejournal.com
  
  BHSI Launches Bankers Professional Liability Insurance Program
  Insurance Journal
  Berkshire Hathaway Specialty Insurance (BHSI) today launched Professional First Bankers Professional Liability Insurance in the U.S., adding to its executive and professional liability products for financial institutions. Professional First Bankers ...
  Berkshire Hathaway Specialty Insurance Introduces Professional FirstTM Bankers ...MarketWatchall 4 news articles »
  
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• BHSI Launches Bankers Professional Liability Insurance Program

  29-07-2015 18:59
  
  Berkshire Hathaway Specialty Insurance (BHSI) today launched Professional First Bankers Professional Liability Insurance in the U.S., adding to its executive and professional liability products for financial institutions. Professional First Bankers Professional Liability Insurance offers banks, their executives and employees, coverage …
  The article BHSI Launches Bankers Professional Liability Insurance Program appeared first on Insurance Journal.
  
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• Boston Ends Bid to Host 2024 Olympics

  29-07-2015 18:50
  
  Boston’s bid to host the 2024 Olympics is over. The city and the U.S. Olympic Committee severed ties after a board teleconference Monday, USOC spokesman Patrick Sandusky told The Associated Press. The decision throws the bid process — and hopes …
  The article Boston Ends Bid to Host 2024 Olympics appeared first on Insurance Journal.
  
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• Summer Recreation Business a Washout Due to Illinois River Floods

  29-07-2015 18:47
  
  Flooding along the Illinois River that has prompted National Weather Service warnings and closed the waterway to boaters for weeks this summer has dampened recreational activities. Marina owners, boat shop workers and campground managers along the river in central Illinois …
  The article Summer Recreation Business a Washout Due to Illinois River Floods appeared first on Insurance Journal.
  
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• Multi-State Cargo Theft Ring Busted in Indiana; 8 Charged

  29-07-2015 18:42
  
  Eight individuals have been charged in a 23-count indictment in an organized scheme to steal tens of millions of dollars in merchandise from shipments of cargo moving through the state of Indiana and elsewhere, United States Attorney for the Southern …
  The article Multi-State Cargo Theft Ring Busted in Indiana; 8 Charged appeared first on Insurance Journal.
  
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• RI Consumer Alert Looks at Insurance Implications for Home-Sharing Rentals - Insurance Journal

  29-07-2015 18:38 via insurancejournal.com
  
  RI Consumer Alert Looks at Insurance Implications for Home-Sharing Rentals
  Insurance Journal
  Rhode Island's Insurance Division is advising consumers to examine insurance implications when using home-sharing rental websites such as Airbnb. “Technology has changed the way people interact. There are now online solutions available that let people ...
  
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• R.I. Consumer Alert Looks at Insurance Implications for Home-Sharing Rentals

  29-07-2015 18:38
  
  Rhode Island’s Insurance Division is advising consumers to examine insurance implications when using home-sharing rental websites such as Airbnb. “Technology has changed the way people interact. There are now online solutions available that let people rent a room or their …
  The article R.I. Consumer Alert Looks at Insurance Implications for Home-Sharing Rentals appeared first on Insurance Journal.
  
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• Extension Granted for Flood Proof of Loss Forms in Louisiana

  29-07-2015 18:21
  
  The Federal Emergency Management Agency (FEMA) has extended its filing deadline for National Flood Insurance Program (NFIP) policyholders in Louisiana impacted by recent flooding, the insurance department announced. The NFIP normally requires homeowners to file a Proof of Loss form …
  The article Extension Granted for Flood Proof of Loss Forms in Louisiana appeared first on Insurance Journal.
  
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• O'Shea Joins Korn Ferry as Leader in Global Insurance Practice - Insurance Journal

  29-07-2015 18:15 via insurancejournal.com
  
  O'Shea Joins Korn Ferry as Leader in Global Insurance Practice
  Insurance Journal
  Talent recruiting organization Korn Ferry has hired Laurie O'Shea as co-head of its Global Insurance Practice. She will be based in the Chicago office. O'Shea has 25 years of experience in recruiting talent for the global insurance market. Prior to ...
  
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• O’Shea Joins Korn Ferry as Leader in Global Insurance Practice

  29-07-2015 18:15
  
  Talent recruiting organization Korn Ferry has hired Laurie O’Shea as co-head of its Global Insurance Practice. She will be based in the Chicago office. O’Shea has 25 years of experience in recruiting talent for the global insurance market. Prior to …
  The article O’Shea Joins Korn Ferry as Leader in Global Insurance Practice appeared first on Insurance Journal.
  
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• Texas Company Fined $424K for Trench Collapse

  29-07-2015 18:09
  
  One minute he was working in the 8-foot trench below ground. The next, he was being buried in it. His co-workers came to his rescue, digging him out with their bare hands. Moments after they pulled the injured man to …
  The article Texas Company Fined $424K for Trench Collapse appeared first on Insurance Journal.
  
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• 2 Oklahoma Injection Wells Being Shut Down Following Quakes

  29-07-2015 18:03
  
  Two energy companies are shutting injection wells after three strong earthquakes struck near an Oklahoma town, in response to concerns about the practice of injecting wastewater from oil and gas operations deep underground, state regulators said on July 28. Three …
  The article 2 Oklahoma Injection Wells Being Shut Down Following Quakes appeared first on Insurance Journal.
  
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• Mercer expands insurance consulting group - Pensions & Investments

  29-07-2015 17:57 via pionline.com
  Captive Insurance Times
  Mercer expands insurance consulting group
  Pensions & Investments
  Ravi Rastogi joined Mercer as a partner and insurance group leader for Europe, said a spokeswoman. Related Content. Mercer adds to DC team in London · Mercer recruits 4 principals · Mercer taps Singapore Central Provident Fund CIO for ASEAN ...
  Mercer expand insurance business with new appointmentActuarial Postall 3 news articles »
  
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• Pool Fire at Las Vegas Hotel Fueled by Fake Palm Trees

  29-07-2015 17:41
  
  Fake palm trees and high winds fueled a poolside fire on a rooftop at The Cosmopolitan hotel-casino on the Las Vegas Strip over the weekend, fire officials said Monday. The blaze on Saturday sent guests running and plumes of black …
  The article Pool Fire at Las Vegas Hotel Fueled by Fake Palm Trees appeared first on Insurance Journal.
  
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• Oregon County Updates Natural Disaster Plan to Deal with Cascadia

  29-07-2015 17:38
  
  Deschutes County in Oregon has updated its plan for dealing with natural disasters, including the potential Cascadia Subduction Zone earthquake that recently received national attention. The Bulletin reported that county commissioners adopted the update last week. The plan details how …
  The article Oregon County Updates Natural Disaster Plan to Deal with Cascadia appeared first on Insurance Journal.
  
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• Earthquake Shakes Alaska’s Aleutian Islands

  29-07-2015 17:34
  
  The U.S. Geological Survey is reporting no damage from a strong earthquake that rocked Alaska’s Aleutian Islands. The quake struck at 8:49 p.m. Sunday and was centered 45 miles southwest of the village of Nikolski (nih-KOHL’-skee) at a depth of …
  The article Earthquake Shakes Alaska’s Aleutian Islands appeared first on Insurance Journal.
  
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• Paterson's employee health insurance bills climb to $7.4 million over budget - NorthJersey.com

  29-07-2015 17:28 via northjersey.com
  
  NorthJersey.com
  Paterson's employee health insurance bills climb to $7.4 million over budget
  NorthJersey.com
  PATERSON – The city's employee health care costs continue to soar, with the latest payments for the 2015 fiscal year putting Paterson about $7.4 million above what officials had budgeted, according to municipal records. That number could grow even ...
  
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• Banks And Insurance Companies Aware Of Cyber Risks: Opportunities Remain To ... - Forbes

  29-07-2015 17:27 via forbes.com
  
  Forbes
  Banks And Insurance Companies Aware Of Cyber Risks: Opportunities Remain To ...
  Forbes
  Cyberattacks and the damage they can cause are top of mind for the majority of business executives. Hardly a week, let alone a day, goes by without news of a breach or concerns about the risk of a cyber attack in one sector or another. Nearly two ...and more »
  
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• N.Y. Law Firm Skadden May Be Required to Pay Overtime for Temp Attorneys

  29-07-2015 17:24
  
  A federal appeals court said on July 23 the New York law firm Skadden, Arps, Slate, Meagher & Flom may owe overtime pay to a contract lawyer for performing non-legal work, a decision that could make it more costly for …
  The article N.Y. Law Firm Skadden May Be Required to Pay Overtime for Temp Attorneys appeared first on Insurance Journal.
  
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• Ace outlines leadership changes on Chubb acquisition - Business Insurance

  29-07-2015 17:09 via businessinsurance.com
  Ace outlines leadership changes on Chubb acquisition
  Business Insurance
  Ace Ltd. on Tuesday said it has reorganized the leadership team for its North American insurance operations to take effect upon completion of its acquisition of Chubb Corp. John Lupica, currently Philadelphia-based vice chairman of Ace and chairman of ...and more »
  
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• Latino Immigrants Advocate for Health Insurance - Mission Local

  29-07-2015 17:06 via missionlocal.org
  
  Mission Local
  Latino Immigrants Advocate for Health Insurance
  Mission Local
  For two years, Cristina Marquez, 43, an immigrant from Mexico living in the Mission District, made numerous visits to San Francisco General Hospital, but never managed to see a doctor. “I suffered too much,” she said of those years of inexplicable ...and more »
  
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• Cummings, Beard Join Answer Financial

  29-07-2015 16:56
  
  Allstate’s online auto and home insurance agency Answer Financial has added two insurance professionals to its leadership team. Brendan Cummings joins Answer as the director of Business Development to build partnerships with carriers. Through Answer, a carrier’s customers can compare …
  The article Cummings, Beard Join Answer Financial appeared first on Insurance Journal.
  
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• MMC CEO Glaser Surveys Competitive Landscape in Wake of Consolidation

  29-07-2015 16:29
  
  Recent merger deals in the insurance industry among its competitors and carrier partners should not hurt Marsh & McLennan (MMC) and could instead make its insurance and reinsurance advisory services even more important, according to Dan Glaser, MMC chief executive …
  The article MMC CEO Glaser Surveys Competitive Landscape in Wake of Consolidation appeared first on Insurance Journal.
  
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• Why Your Auto Insurance Rate Could Go Up If Your Spouse Dies - TIME

  29-07-2015 16:19 via time.com
  
  TIME
  Why Your Auto Insurance Rate Could Go Up If Your Spouse Dies
  TIME
  It's hardly news that unmarried drivers tend to pay more for auto insurance than married ones. In today's auto insurance industry, complex pricing algorithms take into account an ever-growing number of factors like driver credit score, gender, and age ...
  Report: Car insurance rates higher for widowsColumbus Dispatch
  Marriage Cuts Car Insurance CostsClaimsJournal.com
  'Widow penalty' drives up auto insuranceTh
  
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• Why Health Insurance Mergers Could Mean Higher Premiums - U.S. News & World Report (blog)

  29-07-2015 15:51 via usnews.com
  
  U.S. News & World Report (blog)
  Why Health Insurance Mergers Could Mean Higher Premiums
  U.S. News & World Report (blog)
  Health insurers are merging everywhere you turn in the newly reformed and more heavily regulated health insurance system. Anthem announced last week it will buy insurance giant Cigna for over $54 billion, acquiring more than 53 million new patients.and more »
  
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• Levees vs. logic: Rigging federal flood insurance rates is dumb and dangerous - The lens

  29-07-2015 15:49 via thelensnola.org
  
  The lens
  Levees vs. logic: Rigging federal flood insurance rates is dumb and dangerous
  The lens
  Improved levees are no guarantee against the kind of flooding that followed Katrina into New Orleans. With Katrina's 10th anniversary and the worst months of the annual hurricane season fast upon us, thoughts turn to flood preparedness here in New ...and more »
  
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• Protect Yourself From Gas Prices Rising -- With Insurance! - Motley Fool

  29-07-2015 15:36 via fool.com
  Motley Fool
  Protect Yourself From Gas Prices Rising -- With Insurance!
  Motley Fool
  There's a new service available at LoveMyGasPrice.com that essentially offers you insurance against rising gas prices. It might seem like a great idea, but consider some caveats before signing up. Why insure? The service's website offers a handful of ...and more »
  
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• Regulators Want More Details on Insurers’ Living Wills for Bankruptcy

  29-07-2015 14:40
  
  Three major non-bank financial firms need to provide more detail on how they could be unwound in bankruptcy after a collapse, regulators said Tuesday in their first response to the companies’ living wills. The statement by the Federal Reserve and …
  The article Regulators Want More Details on Insurers’ Living Wills for Bankruptcy appeared first on Insurance Journal.
  
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• Court Upholds Dismissal of Apartheid Claims Against Ford, IBM

  29-07-2015 14:26
  
  Victims of apartheid in South Africa cannot pursue lawsuits seeking to hold Ford Motor Co. and IBM Corp. liable for conducting business that helped perpetuate the practice decades ago, a U.S. appeals court ruled on Monday. The 2nd U.S. Circuit …
  The article Court Upholds Dismissal of Apartheid Claims Against Ford, IBM appeared first on Insurance Journal.
  
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• Court Upholds Dismissal of Apartheid Claims Against Fiord, IBM

  29-07-2015 14:26
  
  Victims of apartheid in South Africa cannot pursue lawsuits seeking to hold Ford Motor Co. and IBM Corp. liable for conducting business that helped perpetuate the practice decades ago, a U.S. appeals court ruled on Monday. The 2nd U.S. Circuit …
  The article Court Upholds Dismissal of Apartheid Claims Against Fiord, IBM appeared first on Insurance Journal.
  
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• How Old Is Average Vehicle on U.S. Roads?

  29-07-2015 14:19
  
  The average age of cars and light trucks on U.S. roads rose slightly to 11.5 years at the start of 2015, as the rate of growth slows because of the recovery of new-vehicle sales, consultant IHS Automotive said. “Consumers are …
  The article How Old Is Average Vehicle on U.S. Roads? appeared first on Insurance Journal.
  
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• As insurance giants merge, Maryland wants them to bring jobs - Baltimore Business Journal

  29-07-2015 13:51 via bizjournals.com
  
  Baltimore Business Journal
  As insurance giants merge, Maryland wants them to bring jobs
  Baltimore Business Journal
  Maryland leaders see a shake-up among health insurance companies as an opportunity to attract new jobs to the state. Maryland Insurance Commissioner Al Redmer Jr. and Maryland Department of Business and Economic Development Secretary R.
  Maryland Insurance Commissioner hears business health insurance complaintsHerald-Mail Mediaall 2 news articles »
  
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• Zurich Insurance Confirms Offer for RSA – if Made – Would Be in Cash

  29-07-2015 13:29
  
  Zurich Insurance Group AG said any offer for RSA Insurance Group would probably be in cash. Wednesday’s statement from Zurich means “there’s a very high likelihood that it will come through with an offer in the next few weeks.” said Ben Cohen, a London-based analyst …
  The article Zurich Insurance Confirms Offer for RSA – if Made – Would Be in Cash appeared first on Insurance Journal.
  
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• RenRe Reports Q2 Net Income of $73.2M, Operating Income of $99.9M

  29-07-2015 13:05
  
  RenaissanceRe Holdings Ltd. reported net income available to common shareholders of $73.2 million, or $1.59 per diluted common share, in the second quarter of 2015, compared to $120.8 million, or $2.95, respectively, in the second quarter of 2014. Operating income …
  The article RenRe Reports Q2 Net Income of $73.2M, Operating Income of $99.9M appeared first on Insurance Journal.
  
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• Pros and cons of pet insurance - WDBJ7

  29-07-2015 13:04 via wdbj7.com
  
  WDBJ7
  Pros and cons of pet insurance
  WDBJ7
  future. taking your furry friend to the vet can take a toll on your wallet. wdbj7 mornin's alison parker is live at staunton river vet clinic with ways you can save money when caring for your pet. there's an option that's similar to what we use. pet ...and more »
  
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• Senate Republicans Plan Another Vote to Repeal Obamacare

  29-07-2015 12:36
  
  Senate Majority Leader Mitch McConnell championed a renewed push to bypass a filibuster and repeal Obamacare with 51 votes on Tuesday, he announced in a joint statement with Utah Senator Mike Lee, one of the most conservative Republicans in the …
  The article Senate Republicans Plan Another Vote to Repeal Obamacare appeared first on Insurance Journal.
  
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• Hartford's Connection to Insurance Unraveling - ClaimsJournal.com

  29-07-2015 12:31 via claimsjournal.com
  WTNH Connecticut News
  Hartford's Connection to Insurance Unraveling
  ClaimsJournal.com
  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, Conn.
  Anthem-Cigna Deal Could Erode Hartford Region's Insurance Power BaseInsurance Journal
  Anthem-Cigna merger and single-payer health insuranceLos Ang
  
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• SCOR 2nd Quarter Net Income Rises 26% to $168 Million

  29-07-2015 12:24
  
  SCOR SE, France’s largest reinsurer, said second-quarter profit rose 26 percent as the stronger dollar pushed up premium growth. Net income climbed to 152 million euros ($168 million) from 121 million euros a year earlier, the Paris-based company said on …
  The article SCOR 2nd Quarter Net Income Rises 26% to $168 Million appeared first on Insurance Journal.
  
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• Crawford & Co. UK Launches ‘Customer First’ Initiative

  29-07-2015 12:18
  
  Crawford & Company® UK has announced its first initiative since the acquisition of GAB Robins. Its “Customer First” initiative combines the “two organizations’ customer service delivery models under single leadership.” Crawford said the ‘Customer First’ initiative “will be led by …
  The article Crawford & Co. UK Launches ‘Customer First’ Initiative appeared first on Insurance Journal.
  
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• QBE Names Fagen as Group Chief Strategy Officer; Plant Is Promoted

  29-07-2015 12:12
  
  Sydney, Australia-based QBE has appointed Colin Fagen as group chief strategy officer, in a new role “designed to create a strong platform for growth across the group,” according to Group Chief Executive John Neal. Fagen is currently chief executive officer …
  The article QBE Names Fagen as Group Chief Strategy Officer; Plant Is Promoted appeared first on Insurance Journal.
  
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• Geneva Association Study Analyzes Asian Flood Risks, Insurability

  29-07-2015 11:53
  
  The Geneva Association has released a 47 page report that details the particulars of insuring the risks from floods in Asia’s “high growth” markets. “In Asia, the insurance protection gap is yawning particularly widely,” the study concludes. “Less than 10 …
  The article Geneva Association Study Analyzes Asian Flood Risks, Insurability appeared first on Insurance Journal.
  
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• AXIS Reports Q2 Net Income of $63M, Compared to $191M in Q2 2014

  29-07-2015 11:13
  
  AXIS Capital Holdings Limited reported net income available to common shareholders for the second quarter of 2015 of $63 million, or $0.63 per diluted common share, compared with $191 million, or $1.79 per diluted common share, for the second quarter …
  The article AXIS Reports Q2 Net Income of $63M, Compared to $191M in Q2 2014 appeared first on Insurance Journal.
  
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