Insurance news

• R.I. Landlord Admits to Burning Down Rental Property for Insurance Money

  06-08-2015 22:47
  
  Federal prosecutors say a Providence, Rhode Island, landlord admitted to setting fire to an occupied building he owned in a scheme to collect insurance payments. Rony Metellus pleaded guilty Monday to one count of defrauding an insurance company. Prosecutors say …
  The article R.I. Landlord Admits to Burning Down Rental Property for Insurance Money appeared first on Insurance Journal.
  
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• Maryland’s Chesapeake Employers Announces New Chairman of Board

  06-08-2015 22:46
  
  Chesapeake Employers’ Insurance Company, the largest writer of workers’ compensation insurance in Maryland, announced the appointment of Charles Dankmeyer as chairman of the Board after having served as vice chairman and member since 2008. Dankmeyer succeeds Lewis C. Powell, who …
  The article Maryland’s Chesapeake Employers Announces New Chairman of Board appeared first on Insurance Journal.
  
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• Milwaukee Archdiocese Settlement Plan Paltry, Victims Say

  06-08-2015 18:50
  
  The Roman Catholic Archdiocese of Milwaukee would pay $21 million to more than 300 victims of clergy abuse in a settlement plan decried by advocates for those abused by clergy as paltry but praised by the archbishop as a “rebirth.” …
  The article Milwaukee Archdiocese Settlement Plan Paltry, Victims Say appeared first on Insurance Journal.
  
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• Family of Woman Who Died in Texas Jail Sues Trooper, DPS

  06-08-2015 18:45
  
  The family of a black woman found dead in a Texas jail three days after a confrontation with a white state trooper filed a wrongful-death lawsuit on Aug. 4 against the officer and other officials, saying it was a last …
  The article Family of Woman Who Died in Texas Jail Sues Trooper, DPS appeared first on Insurance Journal.
  
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• Minnesota Speeding Crackdown Results in Over 16,000 Citations

  06-08-2015 18:42
  
  A concentrated law enforcement effort against speeding on Minnesota roadways has yielded more than 16,000 citations. The Department of Public Safety says more than 300 law enforcement agencies participated in the crackdown from July 10th to the 26th. Troopers, deputies …
  The article Minnesota Speeding Crackdown Results in Over 16,000 Citations appeared first on Insurance Journal.
  
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• Pipeline Explosion in South Texas Injures 2; Spurs Evacuations

  06-08-2015 18:40
  
  Authorities say the explosion of a natural gas pipeline near the small South Texas town of Falfurrias injured two people and prompted the evacuation about 150 homes. An official with the Brooks County sheriff’s office said the explosion occurred at …
  The article Pipeline Explosion in South Texas Injures 2; Spurs Evacuations appeared first on Insurance Journal.
  
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• Lafayette, Louisiana Officials Mulling Insurance, Regulations for Uber

  06-08-2015 18:38
  
  The Lafayette City-Parish Council is considering new regulations to require Uber and similar companies to do regular background checks on contract drivers, inspect vehicles and carry insurance above and beyond what state law requires for drivers. The Advocate reports the …
  The article Lafayette, Louisiana Officials Mulling Insurance, Regulations for Uber appeared first on Insurance Journal.
  
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• Lafayette, Louisiana Officials Mull Insurance, Regulations for Uber

  06-08-2015 18:38
  
  The Lafayette City-Parish Council is considering new regulations to require Uber and similar companies to do regular background checks on contract drivers, inspect vehicles and carry insurance above and beyond what state law requires for drivers. The Advocate reports the …
  The article Lafayette, Louisiana Officials Mull Insurance, Regulations for Uber appeared first on Insurance Journal.
  
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• OSHA: 33 Injured in Missouri Aluminum Plant Explosion

  06-08-2015 18:34
  
  Preliminary investigations indicate molten aluminum hitting water caused explosions that injured more than 30 employees at a southeast Missouri aluminum plant, a federal agency said. The U.S. Department of Labor’s Occupational Safety and Health Administration is investigating the explosions that …
  The article OSHA: 33 Injured in Missouri Aluminum Plant Explosion appeared first on Insurance Journal.
  
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• New York Launches Task Force to Investigate Corruption in Construction Industry

  06-08-2015 18:14
  
  New York’s building boom has spurred the formation of a task force to probe corruption in the construction industry after a worker was killed earlier this year. The task force of prosecutors and inspectors was announced Wednesday after two men …
  The article New York Launches Task Force to Investigate Corruption in Construction Industry appeared first on Insurance Journal.
  
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• New York Forms Task Force to Probe Corruption in Construction Industry

  06-08-2015 18:14
  
  New York’s building boom has spurred the formation of a task force to probe corruption in the construction industry after a worker was killed earlier this year. The task force of prosecutors and inspectors was announced Wednesday after two men …
  The article New York Forms Task Force to Probe Corruption in Construction Industry appeared first on Insurance Journal.
  
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• Green Joins M.D. Jensvold as Senior Broker

  06-08-2015 18:09
  
  Pat Green has joined Texas-based insurance wholesaler M.D. Jensvold as a senior broker. Green has more than 15 years of sales experience. Most recently, he was vice president/casualty broker with Oxford Insurance Services in Houston. Source: M.D. Jensvold
  The article Green Joins M.D. Jensvold as Senior Broker appeared first on Insurance Journal.
  
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• Olson Named Director of Marketing, Programs at CHS Insurance

  06-08-2015 18:02
  
  Brent Olson has been named director of marketing and programs for St. Paul, Minn.-based CHS Insurance Services LLC, a national agribusiness insurance broker and full-service insurance subsidiary of CHS Inc. In this role, Olson will oversee the overall marketing of proprietary …
  The article Olson Named Director of Marketing, Programs at CHS Insurance appeared first on Insurance Journal.
  
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• Hub International Acquires Colorado Nonprofit Insurance Agency

  06-08-2015 17:29
  
  Hub International Limited has acquired Colorado Nonprofit Insurance Agency. Terms of the deal were not disclosed. CNIA is a wholly owned subsidiary of the Colorado Nonprofit Association that offers property/casualty and employee benefits solutions. It will become part of the Hub Colorado …
  The article Hub International Acquires Colorado Nonprofit Insurance Agency appeared first on Insurance Journal.
  
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• Nevada’s Draft Rules for Ridesharing Providers Suggest $300K Fee

  06-08-2015 17:21
  
  Before Uber, Lyft and other so-called transportation network companies can rev up to offer rides in Nevada, a state agency’s draft rules have a few more steps to navigate. The Nevada Transportation Authority this week submitted 15-pages of draft regulations …
  The article Nevada’s Draft Rules for Ridesharing Providers Suggest $300K Fee appeared first on Insurance Journal.
  
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• Uber Ready to be First App-Based Firm to Apply for Montana License

  06-08-2015 17:18
  
  Hailing a ride through a smartphone app is closer to becoming a reality in Montana. The Public Service Commission voted unanimously this week to approve rules regarding a new class of license for firms that use apps to connect passengers with …
  The article Uber Ready to be First App-Based Firm to Apply for Montana License appeared first on Insurance Journal.
  
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• California Oil Spill Might be Larger Than Thought, Company Says

  06-08-2015 17:15
  
  Plains All American Pipeline LP’s ruptured California oil pipeline may have spilled 41 percent more crude than currently estimated, the company said on Wednesday. In a presentation accompanying Plains’ quarterly earnings call with analysts, the company said the May rupture …
  The article California Oil Spill Might be Larger Than Thought, Company Says appeared first on Insurance Journal.
  
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• Rios Resigns as CEO of American Modern Insurance

  06-08-2015 16:46
  
  Citing personal reasons, Manny Rios has resigned as president and CEO of specialty insurer American Modern, effective immediately, the insurer announced today. Tony Kuczinski, president and CEO of Munich Reinsurance America Inc., and chairman of American Modern, said he will …
  The article Rios Resigns as CEO of American Modern Insurance appeared first on Insurance Journal.
  
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• Why Home Inventories Aren’t Just for the Rich

  06-08-2015 15:12
  
  Wild weather has become more common with climate change, the experts say, and homeowners can prepare for natural disasters by making home inventories — detailed lists of household belongings and their approximate value. Making a home inventory can be easy; …
  The article Why Home Inventories Aren’t Just for the Rich appeared first on Insurance Journal.
  
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• Senate Leaders Vow September Vote on Cybersecurity Bill

  06-08-2015 14:52
  
  The U.S. Senate will not vote on a cyber security bill until September, after lawmakers return from a four-week recess and consider the nuclear agreement with Iran, the chamber’s leaders said on Wednesday. Some lawmakers had called for urgent consideration …
  The article Senate Leaders Vow September Vote on Cybersecurity Bill appeared first on Insurance Journal.
  
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• Jeep Radio Maker Says No Flaw in Other Models

  06-08-2015 14:20
  
  Harman International Industries Inc., the maker of the audio system in the Jeep Cherokee that was hacked remotely, said the software flaw that allowed that incident isn’t in infotainment systems it supplies to other automakers. The U.S. National Highway Traffic …
  The article Jeep Radio Maker Says No Flaw in Other Models appeared first on Insurance Journal.
  
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• Hacked Jeep Radio Maker Says No Flaw in Other Models

  06-08-2015 14:20
  
  Harman International Industries Inc., the maker of the audio system in the Jeep Cherokee that was hacked remotely, said the software flaw that allowed that incident isn’t in infotainment systems it supplies to other automakers. The U.S. National Highway Traffic …
  The article Hacked Jeep Radio Maker Says No Flaw in Other Models appeared first on Insurance Journal.
  
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• Europe’s ABS Market Promotion Hinges on Easing Insurers’ Capital Requirements

  06-08-2015 13:18
  
  Europe’s push to promote asset-backed securities (ABS) hinges on persuading insurers to buy the debt by easing capital requirements, investors and analysts said. European Union and global regulators recently proposed criteria for identifying simple and transparent securitizations that could qualify …
  The article Europe’s ABS Market Promotion Hinges on Easing Insurers’ Capital Requirements appeared first on Insurance Journal.
  
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• Third Point Re Reports Q2 Net Income of $15.7M, 49.9% Decline From 2014

  06-08-2015 12:48
  
  Third Point Reinsurance Ltd., headquartered in Bermuda, reported net income of $15.7 million, or $0.15 per diluted common share, for the second quarter of 2015, compared with net income of $31.3 million, or $0.29 per diluted common share, for the second quarter of 2014, a decrease …
  The article Third Point Re Reports Q2 Net Income of $15.7M, 49.9% Decline From 2014 appeared first on Insurance Journal.
  
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• The Evolution of Employment Practices Liability Insurance

  06-08-2015 12:48
  
  It’s been interesting to watch the growth of employment practices liability insurance (EPLI) during more than 25 years of working in the specialty insurance industry. Twenty years ago EPLI was rare in the United States and, even a decade ago, …
  The article The Evolution of Employment Practices Liability Insurance appeared first on Insurance Journal.
  
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• Payroll Firm ADP to Compete with Brokers in Offering Health Exchange

  06-08-2015 12:44
  
  Automatic Data Processing Inc., the payroll- processing giant, will offer companies a new way for their employees to select health benefits, challenging firms like Towers Watson & Co. and Marsh & McLennan Cos. ADP is introducing an online service known …
  The article Payroll Firm ADP to Compete with Brokers in Offering Health Exchange appeared first on Insurance Journal.
  
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• Zurich Q2 Net Income Falls to $840M From $848M; CEO Weighs RSA Offer

  06-08-2015 12:40
  
  Zurich Insurance Group AG, the Swiss firm considering a bid for the U.K.’s RSA Insurance Group plc, reported profit that missed analysts estimates as earnings dropped 43 percent at the general insurance unit and it made a loss on unit-linked investments. Net income in …
  The article Zurich Q2 Net Income Falls to $840M From $848M; CEO Weighs RSA Offer appeared first on Insurance Journal.
  
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• Munich Re Q2 Net Income Rises to $1.14 Billion on Lower Catastrophe Claims

  06-08-2015 12:27
  
  Munich Re, the world’s biggest reinsurer, raised its full-year profit target after net income beat analyst estimates on lower catastrophe claims. The shares rose. Net income rose to 1.07 billion euros [$1.14 billion] in the second quarter from 758 million …
  The article Munich Re Q2 Net Income Rises to $1.14 Billion on Lower Catastrophe Claims appeared first on Insurance Journal.
  
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• UPDATE: from AIR: Typhoon Soudelor Nears Taiwan as Season’s Strongest

  06-08-2015 12:23
  
  According to catastrophe modeling firm AIR Worldwide, Typhoon Soudelor is “the strongest tropical cyclone anywhere on earth thus far in 2015 based upon estimated wind speed.” The storm is continuing on its path for a direct hit on Taiwan AIR …
  The article UPDATE: from AIR: Typhoon Soudelor Nears Taiwan as Season’s Strongest appeared first on Insurance Journal.
  
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• Malaysia Says Maintenance Records Prove Wing Part is from Flight MH370

  06-08-2015 12:15
  
  Malaysia said on Thursday that paint color and maintenance-record matches prove that a piece of wing found on the shore of the French Island of Reunion in the Indian Ocean was part of the wreckage of Malaysian Airlines flight MH370, …
  The article Malaysia Says Maintenance Records Prove Wing Part is from Flight MH370 appeared first on Insurance Journal.
  
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• AEGIS London Appoints King to Underwrite Global PI Book

  06-08-2015 11:49
  
  Underwriter Martin King has been appointed to help expand AEGIS London’s professional indemnity (PI) capabilities and product offering. King joins from Novae, where he was unit head for PI and directors & officers. King has worked in the insurance market …
  The article AEGIS London Appoints King to Underwrite Global PI Book appeared first on Insurance Journal.
  
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• Endurance Reports Q2 Net Income of $76M, Versus $75M in Q2 2014

  06-08-2015 11:11
  
  Bermuda-based Endurance Specialty Holdings Ltd. reported net income available to common shareholders of $76.0 million and $1.68 per diluted common share for the second quarter of 2015 versus net income of $75.0 million and $1.68 per diluted common share for …
  The article Endurance Reports Q2 Net Income of $76M, Versus $75M in Q2 2014 appeared first on Insurance Journal.
  
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• Tennessee Attorney General: Private Groups Can’t Ban Guns in Parks

  06-08-2015 10:01
  
  The Tennessee Attorney General’s opinion says private organizations can’t prevent licensed handgun permit holders from taking weapons into events the groups operate at public parks. The Tennessean reported the July 29 opinion said under a new state law, local governments …
  The article Tennessee Attorney General: Private Groups Can’t Ban Guns in Parks appeared first on Insurance Journal.
  
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• Minivans Most Targeted Vehicle by Atlanta Thieves

  06-08-2015 10:00
  
  Atlanta police say a minivan tops the list of vehicles most often targeted by vehicle thieves. FOX 5 News reports that Dodge Caravans were targeted in 172 thefts or attempted thefts in 2015. The Honda Accord and Jeep Cherokee were …
  The article Minivans Most Targeted Vehicle by Atlanta Thieves appeared first on Insurance Journal.
  
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• Mississippi County Wants Unified Flood Control Approach With Neighbors

  06-08-2015 10:00
  
  DeSoto County supervisors want the Corps of Engineers to coordinate a unified flood-prevention effort. Letters from the board seek to get the Vicksburg and Memphis districts in the same boat with DeSoto and its North Mississippi neighbors to identify “escalating …
  The article Mississippi County Wants Unified Flood Control Approach With Neighbors appeared first on Insurance Journal.
  
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• Munich Re Launches Inland Flood Insurance Product for U.S. Homeowners

  06-08-2015 07:18
  
  Munich Reinsurance America, Inc. has launched a new personal lines inland flood insurance product designed to provide more options for homeowners in low-to-moderate-hazard flood zones. According to the National Flood Insurance Program (NFIP), flood is the most common natural disaster …
  The article Munich Re Launches Inland Flood Insurance Product for U.S. Homeowners appeared first on Insurance Journal.
  
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• Florida Updates Neutral Evaluation Rules for Sinkhole Claim Disputes

  06-08-2015 06:09
  
  New rules changing the way disputed sinkhole claims are handled in Florida as part of the state’s Sinkhole Neutral Evaluation Program have been approved and took effect July 27. The main changes to the consumer sinkhole claim dispute process include: …
  The article Florida Updates Neutral Evaluation Rules for Sinkhole Claim Disputes appeared first on Insurance Journal.
  
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• West Virginia Purchases Second Drone to Assess Natural Disaster Damage

  06-08-2015 06:01
  
  West Virginia’s Department of Transportation has purchased its second drone. The Charleston Gazette reports that the $3,500 drone will be used to help provide views of hard-to-reach or inaccessible areas. Department spokeswoman Carrie Bly says it will be used for …
  The article West Virginia Purchases Second Drone to Assess Natural Disaster Damage appeared first on Insurance Journal.
  
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• Should You Buy College Tuition Insurance? - ABC30.com

  06-08-2015 02:35 via abc30.com
  
  ABC30.com
  Should You Buy College Tuition Insurance?
  ABC30.com
  Should you consider tuition insurance so you can get a reimbursement if your child has to leave before the end of the year? The cost of a private 4-year college averages $42,000 a year. That's a big investment. So should you protect it? Embed.
  
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• Top Tips to File a Small Business Claim

  06-08-2015 02:00
  In an analysis of its small business claims, insurance provider The Hartford projected that four out of 10 small businesses in American are likely to file a property or general liability claim in the next decade. They’ll run the gamut from the co...
  
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• Lockton Adds Forsell to Arizona Office

  06-08-2015 00:45
  
  Lockton Cos. has named Andy Forsell as a property/casualty producer in its Phoenix, Ariz. office. Forsell joins Lockton Mountain West Series. Prior to joining Lockton, Forsell was a property/casualty consultant at Brown and Brown Insurance of Arizona. He focuses on …
  The article Lockton Adds Forsell to Arizona Office appeared first on Insurance Journal.
  
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• Missouri is 'unique' in failing to protect consumers from health insurance ... - Kansas City Star

  06-08-2015 00:37 via kansascity.com
  
  Kansas City Star
  Missouri is 'unique' in failing to protect consumers from health insurance ...
  Kansas City Star
  Officials in most states are busy protecting consumers by reviewing and, if necessary, resisting 2016 rate increases requested by health insurance companies. But not Missouri. It's one of five states whose insurance departments have no authority to ...
  How to Manage Higher Health Insurance Costs in 2016U.S. News & World Report
  Pres. Obama hopes to persuade states to dump
  
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• CVS strips Viagra, other top drugs, from insurance coverage - STLtoday.com

  06-08-2015 00:08 via stltoday.com
  
  STLtoday.com
  CVS strips Viagra, other top drugs, from insurance coverage
  STLtoday.com
  CVS Health Corp., which operates the nation's second-biggest pharmacy benefit manager, said that next year it will exclude an additional 31 prescription medicines from insurance coverage, including Viagra and widely used treatments for diabetes and ...
  UPDATE 1-CVS strips Viagra, other top drugs, from insurance coverageReutersall 14 news articles »
  
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