Insurance news

• Car insurance secrets revealed - KSAT San Antonio

  30-07-2015 23:28 via ksat.com
  
  CBS News
  Car insurance secrets revealed
  KSAT San Antonio
  SAN ANTONIO - You probably think the cost of your car insurance depends mostly on your driving record. But a Consumer Reports' exhaustive study of more than 2 billion insurance quotes at companies across the country found prices can increase ...
  Why use credit scores to set car insurance rates?CBS News
  Saving on car insurance may take some workPhilly.com
  The Shocking Secret About How Your Car Insurance Rate Gets SetThe Fiscal Tim
  
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• Research Says Washington D.C. Slowly Sinking Into the Ocean

  30-07-2015 23:15
  
  New research says the land under the Chesapeake Bay region is sinking and projects that Washington, D.C., could drop by six or more inches in the next century — adding to the problems of sea-level rise. The research says the …
  The article Research Says Washington D.C. Slowly Sinking Into the Ocean appeared first on Insurance Journal.
  
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• Massachusetts Drivers Face Rising Car Insurance Quotes - NerdWallet (blog)

  30-07-2015 23:10 via nerdwallet.com
  
  NerdWallet (blog)
  Massachusetts Drivers Face Rising Car Insurance Quotes
  NerdWallet (blog)
  Unrelenting snowstorms and icy roads wreaked havoc in Massachusetts last winter and were the culprits in many car accidents, from fender benders to major wrecks. For some Bay State drivers, winter is still causing damage, this time to the wallet in the ...and more »
  
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• Gary airport and insurance company tied up in court - nwitimes.com

  30-07-2015 23:05 via nwitimes.com
  nwitimes.com
  Gary airport and insurance company tied up in court
  nwitimes.com
  Aerial view of the Gary-Chicago International Airport where the new portion of the expanded runway and taxiway shows up as the lighter sections of pavement in the foreground. 2015-07-30T16:00:00Z 2015-07-30T19:05:12Z Gary airport and insurance ...
  
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• Increased Competition Kept Lid on Health Insurance Inflation, US Says - New York Times

  30-07-2015 23:01 via nytimes.com
  New York Times
  Increased Competition Kept Lid on Health Insurance Inflation, US Says
  New York Times
  WASHINGTON — The Obama administration said on Thursday that many consumers were benefiting from increased competition among insurers under the Affordable Care Act. Most people who bought insurance through the federal marketplace had a ...
  HHS: More competition on insurance exchanges curbed premium riseWashington Post
  Smokers & health insurance: good & badOregon Business News (press
  
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• Insurance: What exactly constitutes an "Act of God"? - CBS News

  30-07-2015 21:45 via cbsnews.com
  
  CBS News
  Insurance: What exactly constitutes an "Act of God"?
  CBS News
  "Acts of God," for insurance purposes, are defined as events that occur through natural causes and could not be avoided through the use of caution and preventative measures. In essence, the phrase "Acts of God" refers to natural disasters. The phrase ...and more »
  
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• Ex-N.Y. Senate Leader Skelos’ Corruption Trial Set for November

  30-07-2015 21:37
  
  Former New York Senate Majority Leader Dean Skelos pleaded not guilty to new charges that he demanded payments to his son Adam from the head of an insurance administrator seeking to push favorable legislation through Albany. Prosecutors claim Adam Skelos, …
  The article Ex-N.Y. Senate Leader Skelos’ Corruption Trial Set for November appeared first on Insurance Journal.
  
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• Corruption Trial of Ex-N.Y. Senate Leader Skelos and Son Set for November

  30-07-2015 21:37
  
  Former New York Senate Majority Leader Dean Skelos pleaded not guilty to new charges that he demanded payments to his son Adam from the head of an insurance administrator seeking to push favorable legislation through Albany. Prosecutors claim Adam Skelos, …
  The article Corruption Trial of Ex-N.Y. Senate Leader Skelos and Son Set for November appeared first on Insurance Journal.
  
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• Evangelical college cancels student health insurance plan over birth control ... - Salon

  30-07-2015 21:27 via salon.com
  
  Salon
  Evangelical college cancels student health insurance plan over birth control ...
  Salon
  Because nothing says you're taking a stand for all that's good and right like making it harder for young people to have access to decent, affordable healthcare, as of Friday Wheaton College will stop providing health insurance for students. I don't ...
  Obamacare Contraception Mandate Causes Christian College To End Student Health ...Daily Caller
  Wheaton College Students' Birth Control He
  
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• Hanover Insurance Reports $120.7M Q2 Net Income

  30-07-2015 21:09
  
  The Hanover Insurance Group Inc. in Worcester, Massachusetts, reported on July 29 net income of $120.7 million for its 2015 second quarter, up 46 percent from $82.6 million net income during last year’s second quarter. Net premiums written for the …
  The article Hanover Insurance Reports $120.7M Q2 Net Income appeared first on Insurance Journal.
  
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• The intersection of annuities, exchanges and insurance - Cincinnati.com

  30-07-2015 20:01 via cincinnati.com
  
  Cincinnati.com
  The intersection of annuities, exchanges and insurance
  Cincinnati.com
  J. Brendan Ryan is an East Walnut Hills insurance agent. Reach him at [email protected] or 513-221-1454. I have written in the past columns about non-qualified deferred annuities, columns about tax-free exchanges and columns about long-term-care ...
  
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• Cloudsurance Launches Insurance Program For Cloud Consumers - Insurance Journal

  30-07-2015 19:09 via insurancejournal.com
  
  CloudWedge
  Cloudsurance Launches Insurance Program For Cloud Consumers
  Insurance Journal
  Cloudsurance is a cloud insurance program designed for cloud consumers and can help mitigate against the inherent risks of cloud computing, such as downtime, data loss and cyber-attack by providing basic insurance coverage for cloud based data and IT ...
  Cloudsurance Delivers Insurance Policies for Cloud ConsumersCloudWedgeall 3 news articles »
  
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• Study: Ongoing Recovery Efforts Take Mental Health Toll on Sandy Survivors

  30-07-2015 18:59
  
  A new study says the lingering effects of Superstorm Sandy — in the form of unfinished repairs, disputed claims, and recurrent mold — are associated with increased odds of Sandy-impacted residents experiencing mental health distress, post-traumatic stress disorder (PTSD), and …
  The article Study: Ongoing Recovery Efforts Take Mental Health Toll on Sandy Survivors appeared first on Insurance Journal.
  
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• Driver in Deadly Indiana Bus Crash Had Suspended License: Police

  30-07-2015 18:53
  
  A 6-year-old boy died and 11 others were hurt this week when their church bus overturned near Indianapolis in an accident that police said appeared to be the result of an error by a driver with a suspended license. The …
  The article Driver in Deadly Indiana Bus Crash Had Suspended License: Police appeared first on Insurance Journal.
  
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• Cloudsurance Launches Insurance Program For Cloud Consumers

  30-07-2015 18:51
  
  Cloudsurance has launched a cloud insurance program designed for modern cloud consumers. Cloudsurance is a cloud insurance program designed for cloud consumers and can help mitigate against the inherent risks of cloud computing, such as downtime, data loss and cyber-attack …
  The article Cloudsurance Launches Insurance Program For Cloud Consumers appeared first on Insurance Journal.
  
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• USDA Expects to Pay Farmers $191M for Bird Flu Losses

  30-07-2015 18:49
  
  The federal government expects to spend $191 million to pay chicken and turkey farmers for birds lost to avian flu. U.S. Secretary of Agriculture Tom Vilsack says that’s in addition to the nearly $400 million spent on cleaning up dead …
  The article USDA Expects to Pay Farmers $191M for Bird Flu Losses appeared first on Insurance Journal.
  
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• Texas Approves 12 Companies to Self-Insure for Workers’ Comp

  30-07-2015 18:48
  
  The Texas Department of Insurance’s Division of Workers’ Compensation (DWC) renewed approval for 12 employers to self-insure workers’ compensation claims. Together, the companies employ about 45,000 people in Texas. DWC renewed: ABF Freight System, Inc. Baptist Hospitals of Southeast Texas …
  The article Texas Approves 12 Companies to Self-Insure for Workers’ Comp appeared first on Insurance Journal.
  
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• Worley Claims Services to Acquire Indiana-Based NCA Group

  30-07-2015 18:46
  
  Hammond, La.-based insurance claims services provider, Worley Claims Services (Worley), is acquiring NCA Group Inc. (NCA), which provides daily and catastrophe residential and commercial property claims services throughout North America. NCA Group is headquartered in Indiana. Worley said the acquisition …
  The article Worley Claims Services to Acquire Indiana-Based NCA Group appeared first on Insurance Journal.
  
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• Louisiana-Based Workers’ Comp Insurer Expands Into Texas

  30-07-2015 18:43
  
  LUBA Workers’ Comp, based in Baton Rouge, La., is now offering workers’ compensation insurance coverage to businesses in Texas. LUBA Workers’ Comp covers businesses in Arkansas, Louisiana and Mississippi through select, independent insurance agencies. Similar to how the company was …
  The article Louisiana-Based Workers’ Comp Insurer Expands Into Texas appeared first on Insurance Journal.
  
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• Upward Trend in Highway Fatalities Draws Concern in Delaware

  30-07-2015 18:39
  
  AAA Mid-Atlantic says Delaware drivers need to slow down and pay better attention when behind the wheel. Alarmed by an upward trend in road deaths this year, the motor club says too many drivers are engaging in unsafe behavior, including …
  The article Upward Trend in Highway Fatalities Draws Concern in Delaware appeared first on Insurance Journal.
  
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• The puzzle of reforming Michigan no-fault auto insurance - The Oakland Press

  30-07-2015 18:01 via theoaklandpress.com
  
  The puzzle of reforming Michigan no-fault auto insurance
  The Oakland Press
  PIP pays all reasonable and necessary medical expenses if you are hurt in an auto accident, including wage loss and replacement services up to three years. Property Protection (PPI). PPI pays up to $1 million for damage your vehicle does in Michigan to ...and more »
  
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• Arch Insurance Group expands insurance program for US multinationals - Insurance Business America

  30-07-2015 17:54 via ibamag.com
  
  Insurance Business America
  Arch Insurance Group expands insurance program for US multinationals
  Insurance Business America
  Arch Insurance Group announced this week that it has expanded the team working with its insurance program for US-based multinationals. Shane McCaffrey will lead Arch's Defense Base Act and Foreign Casualty insurance services as senior vice president.and more »
  
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• Connecticut Woman Gets Suspended Sentence in Insurance Arson Case

  30-07-2015 17:35
  
  A Connecticut woman accused of using fireworks to burn down her Windham, Connecticut, home for insurance has received a fully suspended prison sentence. The Day of New London reports 48-year-old Julie Amero-Volle pleaded no contest to third-degree arson and pleaded …
  The article Connecticut Woman Gets Suspended Sentence in Insurance Arson Case appeared first on Insurance Journal.
  
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• Smith Brothers Insurance Acquires Carillo & Howland in Connecticut

  30-07-2015 17:22
  
  Smith Brothers Insurance LLC, an independent agency based in Glastonbury, Connecticut, announced that it has acquired the assets of Carillo & Howland Inc., an agency with locations in Windsor Locks and Somers, Connecticut. Terms of the transaction were not disclosed. …
  The article Smith Brothers Insurance Acquires Carillo & Howland in Connecticut appeared first on Insurance Journal.
  
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• Oregon Woman Sues University after Falling Through Window Asleep

  30-07-2015 17:17
  
  An Oregon State University student is suing a Eugene property management company after she fell from a third-story window while asleep. The Register-Guard reported that Shelbi Macholz filed a lawsuit this week seeking $230,000 from Principle Property management to cover her …
  The article Oregon Woman Sues University after Falling Through Window Asleep appeared first on Insurance Journal.
  
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• Woman Sues Oregon Pharmacy after Getting Wrong Drugs

  30-07-2015 17:14
  
  A woman who says she had to be taken to the emergency room after a Fred Meyer pharmacy employee gave her the wrong prescription has filed a lawsuit. The Oregonian reported that Anna Bell filed a lawsuit last week seeking …
  The article Woman Sues Oregon Pharmacy after Getting Wrong Drugs appeared first on Insurance Journal.
  
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• Firefighters Hold California Wildfire That Jumped Line

  30-07-2015 17:12
  
  Crews battling the toughest of several wildfires burning across the state held their ground late Wednesday, keeping a blaze east of California’s Napa Valley from jumping any more containment lines, fire officials said. The fire, which has burned for a …
  The article Firefighters Hold California Wildfire That Jumped Line appeared first on Insurance Journal.
  
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• Most Americans Have Gaps In Their Insurance Coverage That Could Cost Them ... - TheStreet.com

  30-07-2015 17:12 via thestreet.com
  
  TheStreet.com
  Most Americans Have Gaps In Their Insurance Coverage That Could Cost Them ...
  TheStreet.com
  NEW YORK (MainStreet) — Insurance is one of those things that you don't need... until you do. And then it's too late. But even if you think you're covered, the chance is good that you're not as covered as you might imagine. There are common gaps in ...
  
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• Arizona Court Says No Coverage for Worker Hurt in Wreck after Business Errand

  30-07-2015 17:08
  
  An Arizona court ruling says an employee hurt in an auto accident isn’t entitled to workers’ compensation for her injuries though she had just made a business errand to finish her work day. The employee deviated from her normal commute …
  The article Arizona Court Says No Coverage for Worker Hurt in Wreck after Business Errand appeared first on Insurance Journal.
  
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• Why Not Much Change in Securities Class Actions?

  30-07-2015 16:49
  
  Plaintiffs brought 85 federal class action securities cases in the first half of this year, or seven fewer than they did last year. The 85 filings in the first six months of 2015 falls 10 percent below the semiannual average of …
  The article Why Not Much Change in Securities Class Actions? appeared first on Insurance Journal.
  
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• How to Ease the Pain of Rising Health Insurance Rates - U.S. News & World Report

  30-07-2015 15:38 via health.usnews.com
  
  U.S. News & World Report
  How to Ease the Pain of Rising Health Insurance Rates
  U.S. News & World Report
  Even the healthy will pay more for care next year. But the more you know, the more you can save. Stethoscope with cash. Shopping around can help you find a plan that has the right balance of monthly insurance premiums and out-of-pocket costs. By Lacie ...
  
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• Total Cost of Risk Dips a Bit: RIMS

  30-07-2015 15:15
  
  In a relatively stable insurance market, businesses paid nearly one percent less in 2014 than they did in 2013 to cover the total cost of risk (TCOR) after three consecutive years of increases, according to the 2015 RIMS Benchmark Survey. …
  The article Total Cost of Risk Dips a Bit: RIMS appeared first on Insurance Journal.
  
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• Berkley Sees ‘Management Egos, Rewards’ Behind M&A Activity

  30-07-2015 14:57
  
  W.R. Berkley Corp.’s chairman and CEO slammed the surge of merger and acquisition activity hitting the property/casualty industry in recent months as something driven more by “management ego” than true business needs. “Consolidation that is happening now is frequently about …
  The article Berkley Sees ‘Management Egos, Rewards’ Behind M&A Activity appeared first on Insurance Journal.
  
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• Facebook’s Facial Recognition Software Draws Privacy Complaints, Lawsuit

  30-07-2015 14:42
  
  When you are identified in a picture on Facebook, biometric software remembers your face so it can be “tagged” in other photographs. Facebook Inc. says this enhances the user experience. But privacy advocates say the company’s technology — which was …
  The article Facebook’s Facial Recognition Software Draws Privacy Complaints, Lawsuit appeared first on Insurance Journal.
  
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• PartnerRe ‘Now Willing’ to Open Talks with Exor: Sources

  30-07-2015 12:13
  
  PartnerRe Ltd, the reinsurance company that has a $6.6 billion merger agreement with Axis Capital Holdings, has indicated that it is now willing to negotiate a new deal with rival suitor Exor, SpA, according to people familiar with the matter. …
  The article PartnerRe ‘Now Willing’ to Open Talks with Exor: Sources appeared first on Insurance Journal.
  
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• Lloyd’s to Apply for Onshore Reinsurance License in Malaysia

  30-07-2015 12:06
  
  Lloyd’s has announced that it intends to apply for an onshore reinsurance license in Malaysia. The move has been confirmed by the UK and Malaysian governments. The announcement that Lloyd’s will apply for a “Tier 1 license”, and open an …
  The article Lloyd’s to Apply for Onshore Reinsurance License in Malaysia appeared first on Insurance Journal.
  
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• Swiss Re P&C Unit Misses Earnings Targets; Shares Drop

  30-07-2015 11:53
  
  Shares in Swiss Re, Europe’s second-biggest reinsurer, fell the most since April in Zurich trading after second quarter earnings missed analysts’ estimates on lower profitability at its property and casualty unit.  The shares declined 2.9 percent at 10 a.m., crimping …
  The article Swiss Re P&C Unit Misses Earnings Targets; Shares Drop appeared first on Insurance Journal.
  
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• Ironshore Int’l. Appoints Bamford to Head Global M&A, Tax; Ups M&A Capacity

  30-07-2015 11:15
  
  Bermuda-based Ironshore International has named Rowan Bamford as its new Global Head of Mergers & Acquisitions and Tax, effective immediately. He will oversee the M&A business lines the company’s portfolio, as well as the Tax division, throughout Ironshore’s global platform …
  The article Ironshore Int’l. Appoints Bamford to Head Global M&A, Tax; Ups M&A Capacity appeared first on Insurance Journal.
  
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• Lancashire’s CEO Maloney Dismisses Value of Merger with Larger Rival

  30-07-2015 11:09
  
  Lancashire Holdings Ltd. Chief Executive Officer Alex Maloney dismissed suggestions the insurer would be better off combining with a larger competitor. “I don’t really buy the bigger is better thing,” Maloney said on a conference call with analysts Wednesday. “I see …
  The article Lancashire’s CEO Maloney Dismisses Value of Merger with Larger Rival appeared first on Insurance Journal.
  
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• Lancashire 1st Half Profit Drops 10% Amid ‘Pricing Pressures’ at Lloyd’s

  30-07-2015 10:59
  
  Lancashire Holdings Ltd. reported a 10 percent fall in first-half profit amid “pricing pressure” in the Lloyd’s of London insurance market. The company said pretax profit decreased to $88.6 million in the six months through June, while gross written premiums fell …
  The article Lancashire 1st Half Profit Drops 10% Amid ‘Pricing Pressures’ at Lloyd’s appeared first on Insurance Journal.
  
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• Generali 2nd Quarter Profit Rises 51% on Life Business

  30-07-2015 10:49
  
  Assicurazioni Generali SpA said second-quarter profit rose 51 percent, beating analysts’ estimates, after earnings from life insurance surged. The shares climbed in Milan. Net income at Italy’s biggest insurer increased to 626 million euros ($687 million) from 415 million euros a year …
  The article Generali 2nd Quarter Profit Rises 51% on Life Business appeared first on Insurance Journal.
  
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• Japan Earthquake Premiums to Rise as Insurers Reassess Risk After Fukushima

  30-07-2015 10:41
  
  Japan’s insurance companies are pushing for an average 19 percent increase in earthquake premiums as they reassess risk following the unprecedented magnitude 9 quake four years ago. The increase could come into effect in January 2017, according to the Ministry of Finance …
  The article Japan Earthquake Premiums to Rise as Insurers Reassess Risk After Fukushima appeared first on Insurance Journal.
  
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• James Appointed Florida Insurance Consumer Advocate - Insurance Journal

  30-07-2015 10:15 via insurancejournal.com
  
  Insurance Journal
  James Appointed Florida Insurance Consumer Advocate
  Insurance Journal
  Chief Financial Officer Jeff Atwater has appointed Sha'Ron James as the state's Insurance Consumer Advocate effective August 3. The role of Florida's Insurance Consumer Advocate is to independently and ardently represent the needs of policyholders when ...
  New state insurance consumer advocate appointedSun Sentinelall 2 news articles »
  
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• Study: Kentucky Prescription Drug Law Successfully Curbing Abuse

  30-07-2015 10:00
  
  Prescriptions for painkillers and doctor-shopping by pill seekers have decreased since Kentucky passed legislation targeting prescription drug abuse, according to a University of Kentucky study. The law passed during a special session in 2012 expanded the state’s prescription drug monitoring …
  The article Study: Kentucky Prescription Drug Law Successfully Curbing Abuse appeared first on Insurance Journal.
  
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• James Appointed Florida Insurance Consumer Advocate

  30-07-2015 10:00
  
  Chief Financial Officer Jeff Atwater has appointed Sha’Ron James as the state’s Insurance Consumer Advocate effective August 3. The role of Florida’s Insurance Consumer Advocate is to independently and ardently represent the needs of policyholders when insurance decisions are made. …
  The article James Appointed Florida Insurance Consumer Advocate appeared first on Insurance Journal.
  
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• Fire Damage at West Virginia’s Historic Harper’s Ferry Estimated at $2M

  30-07-2015 10:00
  
  A state fire official says a fire in’s Harpers Ferry, W. Va.’s commercial area caused about $2 million in damage. Assistant state fire marshal George Harms tells The Herald-Mail that the cause of the fire hasn’t been determined. The fire …
  The article Fire Damage at West Virginia’s Historic Harper’s Ferry Estimated at $2M appeared first on Insurance Journal.
  
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• Claims Services Provider Dimont Names New Executive Team in Dallas

  30-07-2015 07:30
  
  Dallas-based hazard claims insurance processing service provider, Dimont, has added Denis Brosnan, Albert Strausser and Dick Volentine to the company’s executive leadership team, and promoted Fran Weichsel, Darcy Stennes and Collin Harbour. Brosnan, who has been named president and chief …
  The article Claims Services Provider Dimont Names New Executive Team in Dallas appeared first on Insurance Journal.
  
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• Oregon Workplace Deaths Down in Second Quarter of 2015, Report Shows

  30-07-2015 01:22
  
  Workplace deaths in Oregon for the second quarter of 2015 were down markedly from the previous quarter, possibly resuming a long-turn trend of deaths on average falling steadily since the 1980s, according to the the state bureau that tracks the …
  The article Oregon Workplace Deaths Down in Second Quarter of 2015, Report Shows appeared first on Insurance Journal.
  
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