Insurance news

• D.C. Dept. of Insurance, Securities & Banking Names New Acting Commissioner

  03-08-2015 22:13
  
  The District of Columbia Department of Insurance, Securities & Banking (DISB) confirmed that former DISB senior official Stephen Taylor recently rejoined DISB as its new acting commissioner. Taylor succeeds Chester A. McPherson, who has served as DISB’s acting commissioner since …
  The article D.C. Dept. of Insurance, Securities & Banking Names New Acting Commissioner appeared first on Insurance Journal.
  
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• Can the car insurance business survive driverless cars? - Fortune

  03-08-2015 21:24 via fortune.com
  
  Fortune
  Can the car insurance business survive driverless cars?
  Fortune
  As car safety becomes more sophisticated, fewer drivers will need coverage. As technology inevitably advances, cars are becoming much safer. It started with airbags and antilock brakes, and soon driverless cars will become commonplace. As safety ...
  Could driverless cars wipe out auto insurance?Insurance Business America
  Driverless Cars Could Put City Hall Out of BusinessPJ Media (blog)all 14 news articles »
  
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• How Obamacare Increased Insurance Coverage in Every State - 24/7 Wall St.

  03-08-2015 19:27 via 247wallst.com
  
  The Standard Daily
  How Obamacare Increased Insurance Coverage in Every State
  24/7 Wall St.
  President Barack Obama signed the Patient Protection and Affordable Care Act (ACA) on March 23, 2010, and open enrollment for all Americans began on October 1, 2013. While the ultimate outcome of the ACA, also known as Obamacare, remains to be ...
  Health insurance rates to rise in New York in 2016The Standard Daily
  NY health insurance rates to rise 7.1% in 2016Junior College
  NY health insurance rates
  
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• Local insurance startup plans to sell to independent providers - Philadelphia Business Journal

  03-08-2015 19:19 via bizjournals.com
  
  Philadelphia Business Journal
  Local insurance startup plans to sell to independent providers
  Philadelphia Business Journal
  Bungalow Insurance provides a simple platform geared toward millennials interested in purchasing renters insurance, but the real money may not be with consumers. Bungalow currently offers its renters insurance through the Travelers Insurance brand and ...
  
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• Appeals Court: Indiana Police Department Can Be Held Liable

  03-08-2015 19:13
  
  A federal appeals court has ruled the Evansville Police Department in Indiana committed too many mistakes” to be shielded from liability in a lawsuit filed over a SWAT raid on her home in 2012. The Evansville Courier & Press reports …
  The article Appeals Court: Indiana Police Department Can Be Held Liable appeared first on Insurance Journal.
  
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• Nebraska Jury Awards $920K to Man Hurt When Chair Broke

  03-08-2015 19:09
  
  A man who was injured at a Union Pacific facility when a chair he was sitting on broke has been awarded more than $920,000 by a jury in western Nebraska. Dan Anderson filed the lawsuit in March 2010, alleging that …
  The article Nebraska Jury Awards $920K to Man Hurt When Chair Broke appeared first on Insurance Journal.
  
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• NFP Acquires BWD Group in New York

  03-08-2015 18:58
  
  NFP, a New York City-based provider of employee benefits, property/casualty insurance, retirement and wealth management services, announced today its acquisition of BWD Group LLC in Plainview, New York. Terms of the transaction were not disclosed. NFP said the BWD acquisition …
  The article NFP Acquires BWD Group in New York appeared first on Insurance Journal.
  
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• Another Earthquake Shakes Northern Oklahoma

  03-08-2015 18:49
  
  An earthquake has shaken parts of northern Oklahoma near the Kansas border. The U.S. Geological Survey says the 3.6 magnitude earthquake was recorded at 3:28 p.m. on Aug. 1 about 11 miles south-southwest of Medford in Grant County. Medford is …
  The article Another Earthquake Shakes Northern Oklahoma appeared first on Insurance Journal.
  
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• Can I Change My Health Insurance Plan Outside of Open Enrollment? - Forbes

  03-08-2015 18:46 via forbes.com
  
  Can I Change My Health Insurance Plan Outside of Open Enrollment?
  Forbes
  This weekly Q&A addresses questions from real patients about healthcare costs. Have your own question? Get expert answers here. Question: When my employer offered open enrollment last year, I enrolled in a high-deductible health plan. I see now that ...
  
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• SJU to Honor Lloyd’s CEO Beale With Insurance Executive of the Year Award

  03-08-2015 18:42
  
  Saint Joseph’s University’s Academy of Risk Management and Insurance in Philadelphia announced today it will present its Insurance Executive of the Year Award to Lloyd’s Chief Executive Officer Inga Beale. She is the first female to lead Lloyd’s, the world’s …
  The article SJU to Honor Lloyd’s CEO Beale With Insurance Executive of the Year Award appeared first on Insurance Journal.
  
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• Confie Acquires Schunke Insurance Agency, Reynolds & Reynolds in New York - Insurance Journal

  03-08-2015 18:39 via insurancejournal.com
  
  Confie Acquires Schunke Insurance Agency, Reynolds & Reynolds in New York
  Insurance Journal
  Confie Seguros, a Huntington Beach, California-based national provider of personal lines insurance, announced its acquisition of Schunke Insurance Agency Inc. in West Seneca, New York, and Reynolds & Reynolds Agency Inc. in Bellport, New York.and more »
  
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• Former Texas Surgeon Charged with Assault in Malpractice Cases

  03-08-2015 18:37
  
  A former Dallas neurosurgeon has been described by state regulators as so derelict during operations that his actions led to the deaths of two patients and left others with disabling injuries in what’s seen as one of the worst recent …
  The article Former Texas Surgeon Charged with Assault in Malpractice Cases appeared first on Insurance Journal.
  
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• Water damage: 10 tips for insurance claims - FOX 13 Tampa Bay, WTVT-TV

  03-08-2015 18:37 via myfoxtampabay.com
  
  FOX 13 Tampa Bay, WTVT-TV
  Water damage: 10 tips for insurance claims
  FOX 13 Tampa Bay, WTVT-TV
  What's worse than water damaging your home or car? Being denied an insurance claim. Here's our advice for ensuring your claim receives maximum consideration: YOUR HOME: TAKE PHOTOS: It is likely that insurance adjusters are going to be busy in the ...
  
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• Confie Adds Dallas-Based Insurance King Auto Agency

  03-08-2015 18:30
  
  Confie, a national provider of personal lines insurance, has acquired the business of Insurance King Auto Agency LLC, which has two locations in Dallas The family-owned agency was established in March 2010 and specializes in personal lines. Established in 2008, …
  The article Confie Adds Dallas-Based Insurance King Auto Agency appeared first on Insurance Journal.
  
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• Marsh & McLennan Agency Acquires Cline Wood in Kansas City

  03-08-2015 18:28
  
  Marsh & McLennan Agency LLC (MMA) has acquired Cline Wood Agency, a suburban Kansas City-based independent specialty insurance agency. Terms of the transaction were not disclosed. Founded in 1984, Cline Wood specializes in providing property/casualty insurance and risk management and …
  The article Marsh & McLennan Agency Acquires Cline Wood in Kansas City appeared first on Insurance Journal.
  
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• Confie Acquires Schunke Insurance Agency, Reynolds & Reynolds in New York

  03-08-2015 18:25
  
  Confie Seguros, a Huntington Beach, California-based national provider of personal lines insurance, announced its acquisition of Schunke Insurance Agency Inc. in West Seneca, New York, and Reynolds & Reynolds Agency Inc. in Bellport, New York. Terms of the transactions were …
  The article Confie Acquires Schunke Insurance Agency, Reynolds & Reynolds in New York appeared first on Insurance Journal.
  
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• Some Crops Falter in Record Midwest Rains

  03-08-2015 18:25
  
  Weeks of record rainfalls drenched Don Lamb’s cornfields this summer, drowning some plants and leaving others yellowed, 2 feet tall and capable of producing little, if any, grain. The 48-year-old central Indiana farmer can’t recall anything like the deluges he’s …
  The article Some Crops Falter in Record Midwest Rains appeared first on Insurance Journal.
  
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• Winter Wheat Crop Insurance Offered to All South Dakota Farmers

  03-08-2015 18:24
  
  Ag producers across South Dakota will now be able to insure their winter wheat crop for 2016. State Agriculture Secretary Lucas Lentsch says the U.S. Department of Agriculture recently decided to expand crop insurance coverage for winter wheat in all South …
  The article Winter Wheat Crop Insurance Offered to All South Dakota Farmers appeared first on Insurance Journal.
  
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• Loews 2Q Earnings Show Weakness in Energy, Insurance Units - TheStreet.com

  03-08-2015 18:21 via thestreet.com
  
  Jewish Business News
  Loews 2Q Earnings Show Weakness in Energy, Insurance Units
  TheStreet.com
  NEW YORK (TheStreet) -- Loews (L - Get Report) shares are down nearly 3% Monday after the conglomerate's second-quarter results showed sales drops at two of its biggest subsidiaries. The hotel, energy and financial services conglomerate reported a ...
  UPDATE 1-Loews hurt by weakness in energy, insurance businessesReutersall 42 news articles »
  
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• Council to consider insurance subsidy for employees killed in line of duty - Memphis Commercial Appeal

  03-08-2015 18:13 via commercialappeal.com
  
  Memphis Commercial Appeal
  Council to consider insurance subsidy for employees killed in line of duty
  Memphis Commercial Appeal
  Copyright 2015 Journal Media Group. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. Copyright 2015 Journal Media Group. All rights reserved. This material may not be published, broadcast, rewritten, ...and more »
  
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• Gov. Scott instructs AHCA secretary to audit hospitals, insurance plans - Tampabay.com (blog)

  03-08-2015 18:12 via tampabay.com
  
  SaintPetersBlog
  Gov. Scott instructs AHCA secretary to audit hospitals, insurance plans
  Tampabay.com (blog)
  After demanding that hospitals and insurance companies prove their Medicaid contracts are below state-mandated limits, Gov. Rick Scott is dispatching Agency for Health Care Administration to audit those that did not send the state information by an Aug.
  Scott wants Medicaid insurance, hospital contracts examinedWink Newsall 9 news articles »
  
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• Regions Financial Acquires Insurance Agency in Georgia - American Banker

  03-08-2015 18:05 via americanbanker.com
  
  Regions Financial Acquires Insurance Agency in Georgia
  American Banker
  Regions Financial in Birmingham, Ala., has acquired A.I. Group, an employee-benefits and insurance company in Alpharetta, Ga. To continue, please sign in or subscribe. FREE 14-DAY. TRIAL. Full access to banking's most comprehensive daily report; Daily, ...
  
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• Daines' office helped resolve insurance problem - Billings Gazette

  03-08-2015 17:50 via billingsgazette.com
  Daines' office helped resolve insurance problem
  Billings Gazette
  For the past eight months, I have been attempting to cancel a federal health insurance plan. During the month of December, I made 43 calls reaching a person only twice. The lines ring busy or I would sit on hold. If I did reach someone, they referred ...
  
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• California, Pacific Northwet Schools Get $4M for Earthquake Early Warning Systems

  03-08-2015 17:48
  
  The U.S. Geological Survey has awarded $4 million to four universities in the Pacific Northwest and California to boost the development of earthquake early warning systems. The University of Washington, the University of Oregon, the California Institute of Technology and …
  The article California, Pacific Northwet Schools Get $4M for Earthquake Early Warning Systems appeared first on Insurance Journal.
  
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• California, Pacific Northwest Schools Get $4M for Earthquake Early Warning Systems

  03-08-2015 17:48
  
  The U.S. Geological Survey has awarded $4 million to four universities in the Pacific Northwest and California to boost the development of earthquake early warning systems. The University of Washington, the University of Oregon, the California Institute of Technology and …
  The article California, Pacific Northwest Schools Get $4M for Earthquake Early Warning Systems appeared first on Insurance Journal.
  
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• Health Care Reform 2015: 2008 Law Still Struggles To Close Insurance Coverage ... - International Business Times

  03-08-2015 17:48 via ibtimes.com
  
  International Business Times
  Health Care Reform 2015: 2008 Law Still Struggles To Close Insurance Coverage ...
  International Business Times
  The 2008 Mental Health Parity Act has failed to level out longstanding disparities between health insurers' coverage of physical ailments and mental ones. Joe Raedle/Getty Images. Mens sana in corpore sano, goes an old Latin saying. A sound mind is a ...and more »
  
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• Coal Plant Owners in Las Vegas Area to Settle Lawsuit for $4.3M

  03-08-2015 17:45
  
  Owners of a soon-to-close coal-fired power plant outside Las Vegas, Nev. have agreed to pay $4.3 million to settle a lawsuit and clean up contamination that neighboring Native Americans blame for health problems and water pollution. Some $1.5 million of …
  The article Coal Plant Owners in Las Vegas Area to Settle Lawsuit for $4.3M appeared first on Insurance Journal.
  
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• Uber, Driver Attorneys Steering Toward Crucial California Hearing

  03-08-2015 17:42
  
  Uber Technologies Inc. is jostling with drivers suing for reimbursement of their expenses in advance of an important hearing next week in the fight over whether drivers are independent contractors or employees entitled to benefits. Three drivers sued Uber in …
  The article Uber, Driver Attorneys Steering Toward Crucial California Hearing appeared first on Insurance Journal.
  
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• Raging California Wildfire Jumps Containment

  03-08-2015 17:36
  
  Firefighters aided by lower temperatures and higher humidity have made progress corralling a wildfire threatening thousands of homes in Northern California. California Department of Forestry and Fire Protection Capt. Don Camp says containment of the fire in the Lower Lake …
  The article Raging California Wildfire Jumps Containment appeared first on Insurance Journal.
  
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• Italian suitor prevails in bid for Partner Re - Business Insurance

  03-08-2015 17:23 via businessinsurance.com
  Business Insurance
  Italian suitor prevails in bid for Partner Re
  Business Insurance
  A monthslong takeover drama has resulted in Pembroke, Bermuda-based reinsurer PartnerRe Ltd. agreeing to a sweetened $6.9 billion all-cash buyout by Italy's Exor S.p.A.. The deal was announced Monday, in which Exor will pay PartnerRe $140.50 a ...and more »
  
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• Insurance company to anchor new office building in Lake Mary - Orlando Sentinel

  03-08-2015 16:54 via orlandosentinel.com
  
  Insurance company to anchor new office building in Lake Mary
  Orlando Sentinel
  Insurance provider Continental Casualty Company has secured the largest lease so far this year in Lake Mary, taking more than 100,000 square feet at an officer tower to be completed in December. lRelated Former McNamara car dealership site sells.
  
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• AmWINS Group Acquires The III Group in Pennsylvania

  03-08-2015 16:52
  
  Wholesale broker AmWINS Group Inc. announced today its acquisition of The III Group, a managing general agent and wholesale broker based in Glenside, Pennsylvania. Terms of the transaction were not disclosed. Founded in 1972, The III Group’s divisions consist of …
  The article AmWINS Group Acquires The III Group in Pennsylvania appeared first on Insurance Journal.
  
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• Poll: ObamaCare enrollees less satisfied with insurance plans - The Hill

  03-08-2015 16:28 via thehill.com
  
  The Hill
  Poll: ObamaCare enrollees less satisfied with insurance plans
  The Hill
  ObamaCare enrollees are less satisfied with their plans than people with other types of health insurance, according to a new poll. The poll from the Deloitte Center for Health Solutions, the research arm of the consulting firm, finds that 30 percent of ...
  Increased Competition Kept Lid on Health Insurance Inflation, US SaysNew York Times
  HHS: More competition on insurance exchanges curbed premium riseWashington Pos
  
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• Regions Insurance buys A.I. Group and expands in Georgia - Atlanta Business Chronicle

  03-08-2015 16:20 via bizjournals.com
  
  Birmingham Business Journal
  Regions Insurance buys A.I. Group and expands in Georgia
  Atlanta Business Chronicle
  Regions Insurance Inc. bought The A.I. Group Inc., which operates in metro Atlanta and Athens, Ga., for an undisclosed amount. The affiliate of Regions Financial Corp. (NYSE: RF) said the acquisition gives the Regions Insurance Georgia/South Carolina ...
  Regions Insurance Expands in Georgia through Acquisition of The AI GroupMarketWatch
  Regions Insurance expands in GeorgiaBirming
  
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• College Cancels Health Insurance to Avoid Covering Birth Control - Yahoo Parenting

  03-08-2015 15:31 via yahoo.com
  
  Yahoo Parenting
  College Cancels Health Insurance to Avoid Covering Birth Control
  Yahoo Parenting
  Wheaton College in suburban Chicago will stop offering health insurance plans to students beginning Friday in an effort to avoid providing birth control coverage mandated by the Affordable Care Act. On July 10, the Christian liberal arts college ...and more »
  
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• Obesity and Life Insurance Rates: Extra Pounds Could be Costing You Double - NerdWallet (blog)

  03-08-2015 15:10 via nerdwallet.com
  
  NerdWallet (blog)
  Obesity and Life Insurance Rates: Extra Pounds Could be Costing You Double
  NerdWallet (blog)
  Obesity affects over a third of Americans, according to the Centers for Disease Control and Prevention. It hampers quality of life while increasing your chances of having a stroke and developing coronary heart disease, Type 2 diabetes, some cancers and ...and more »
  
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• OneBeacon Sells Crop Agency to Amtrust, Exits Crop Insurance Market - Insurance Journal

  03-08-2015 14:57 via insurancejournal.com
  
  OneBeacon Sells Crop Agency to Amtrust, Exits Crop Insurance Market
  Insurance Journal
  The Bermuda-domiciled insurance holding company made it official with the sale of its exclusive managing general agency – Climate Crop Insurance Agency – to AmTrust Financial Services. As part of that transaction, OneBeacon said it has transferred its ...
  AmTrust to acquire Monsanto subsidiary's crop insurance businessInsurance Business Reviewall 4 news articles »
  
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• OneBeacon Sells Crop Agency to Amtrust, Exits Crop Insurance Market

  03-08-2015 14:57
  
  OneBeacon Insurance Group is exiting the crop insurance business. The Bermuda-domiciled insurance holding company made it official with the sale of its exclusive managing general agency – Climate Crop Insurance Agency – to AmTrust Financial Services. As part of that …
  The article OneBeacon Sells Crop Agency to Amtrust, Exits Crop Insurance Market appeared first on Insurance Journal.
  
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• AXIS Agrees to Terminate PartnerRe Merger; to Receive $315 Million Breakup Fee

  03-08-2015 14:51
  
  AXIS Capital Holdings Limited was apparently prepared to lose out on its merger with Partner Re. The company announced, soon after the deal with EXOR was announced that it “has accepted a request from PartnerRe Ltd. to terminate the amalgamation …
  The article AXIS Agrees to Terminate PartnerRe Merger; to Receive $315 Million Breakup Fee appeared first on Insurance Journal.
  
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• Update: EXOR to Acquire PartnerRe After Scrapping Deal with AXIS

  03-08-2015 14:34
  
  EXOR SpA, the Agnelli family’s investment company, agreed to buy PartnerRe Ltd. for about $6.9 billion in its biggest single acquisition in more than a century after the reinsurer scrapped a deal with rival AXIS Capital Holdings Ltd. EXOR, which …
  The article Update: EXOR to Acquire PartnerRe After Scrapping Deal with AXIS appeared first on Insurance Journal.
  
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• EXOR to Acquire PartnerRe After Scrapping Deal with AXIS

  03-08-2015 14:34
  
  EXOR SpA, the Agnelli family’s investment company, agreed to buy PartnerRe Ltd. for about $6.9 billion in its biggest single acquisition in more than a century after the reinsurer scrapped a deal with rival AXIS Capital Holdings Ltd. EXOR, which controls Fiat …
  The article EXOR to Acquire PartnerRe After Scrapping Deal with AXIS appeared first on Insurance Journal.
  
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• Agnellis’ EXOR to Acquire PartnerRe After Deal with AXIS Scrapped

  03-08-2015 14:34
  
  EXOR SpA, the Agnelli family’s investment company, agreed to buy PartnerRe Ltd. for about $6.9 billion in its biggest single acquisition in more than a century after the reinsurer scrapped a deal with rival AXIS Capital Holdings Ltd. EXOR, which controls Fiat …
  The article Agnellis’ EXOR to Acquire PartnerRe After Deal with AXIS Scrapped appeared first on Insurance Journal.
  
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• Negotiators Fail to Reach Pacific Trade Pact; More Talks Expected

  03-08-2015 14:32
  
  High-level negotiations in Hawaii on a trade agreement in the Pacific Rim wrapped up without a final deal as disagreements over dairy and vehicle policies trumped progress in other areas. The dialogue may resume within weeks. During four days of …
  The article Negotiators Fail to Reach Pacific Trade Pact; More Talks Expected appeared first on Insurance Journal.
  
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• The Buckner Co. Acquires Keller-Lowry Insurance in Colorado

  03-08-2015 14:00
  
  The Buckner Co. has acquired the assets of Denver, Colo.-based Keller-Lowry Insurance Inc. The deal is effective Aug. 1. Financial terms were not disclosed. Keller-Lowry specializes in manufacturing, transportation, habitational and construction. Keller- Lowry becomes the platform for Salt Lake …
  The article The Buckner Co. Acquires Keller-Lowry Insurance in Colorado appeared first on Insurance Journal.
  
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• Car Hacking Risk Could be More Widespread

  03-08-2015 13:56
  
  The cybersecurity issues that led Fiat Chrysler Automobiles NV to recall 1.4 million vehicles this month could pose a problem for cars and trucks from other automakers, the top U.S. auto safety regulator said on Friday. Mark Rosekind, who heads …
  The article Car Hacking Risk Could be More Widespread appeared first on Insurance Journal.
  
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• EPIC Jumps 21 Spots in Business Insurance Broker Rankings to #23 - PR Newswire (press release)

  03-08-2015 13:04 via prnewswire.com
  
  EPIC Jumps 21 Spots in Business Insurance Broker Rankings to #23
  PR Newswire (press release)
  SAN FRANCISCO, Aug. 3, 2015 /PRNewswire/ -- EPIC Insurance Brokers and Consultants, a retail property, casualty insurance brokerage and employee benefits consultant, has been ranked #23 among the nation's largest insurance brokers by Business ...and more »
  
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• Little-claimed Citizens insurance rebate lowered - Washington Times

  03-08-2015 13:01 via washingtontimes.com
  Little-claimed Citizens insurance rebate lowered
  Washington Times
  BATON ROUGE, La. (AP) - Everyone in Louisiana who buys property insurance will lose 28 percent of a tax credit they can get for covering the debt of the state's property insurer of last resort. In addition, the reduction is retroactive, meaning those ...and more »
  
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• Morning Briefing: Tech start-up aims to shake up auto insurance data - Insurance Business America

  03-08-2015 12:33 via ibamag.com
  
  Insurance Business America
  Morning Briefing: Tech start-up aims to shake up auto insurance data
  Insurance Business America
  The use of data, or telematics, is already starting to revolutionize the auto insurance sector and now a start-up wants to help more insurers to benefit. So far the cost of providing specialist devices to connect to vehicles has meant that only larger ...
  
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• Zurich Insurance Prepares Financing Ahead of Possible Offer for RSA: Sources - Insurance Journal

  03-08-2015 12:32 via insurancejournal.com
  
  Liverpool Echo
  Zurich Insurance Prepares Financing Ahead of Possible Offer for RSA: Sources
  Insurance Journal
  Zurich Insurance Group AG is raising financing ahead of a possible takeover offer for RSA Insurance Group, according to people familiar with the matter. The Swiss insurer is talking to banks about raising more than $4 billion, said two of the people ...
  Insurance giant RSA holding out for at least £6bn as Swiss rival Zurich weighs ...Liverpool Echo
  RSA Insurance gains on reports Zurich
  
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• Zurich Insurance Prepares Financing Ahead of Possible Offer for RSA: Sources

  03-08-2015 12:07
  
  Zurich Insurance Group AG is raising financing ahead of a possible takeover offer for RSA Insurance Group, according to people familiar with the matter. The Swiss insurer is talking to banks about raising more than $4 billion, said two of the people, who asked …
  The article Zurich Insurance Prepares Financing Ahead of Possible Offer for RSA: Sources appeared first on Insurance Journal.
  
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