Insurance news

• Hub International Acquires Triangle Insurance in North Carolina

  10-08-2015 23:23
  
  Insurance brokerage Hub International Limited announced that it has acquired the assets of Triangle Insurance Services Inc., an independent insurance agency based in Raleigh, North Carolina. Terms of the acquisition were not disclosed. Triangle Insurance specializes in providing property/casualty insurance …
  The article Hub International Acquires Triangle Insurance in North Carolina appeared first on Insurance Journal.
  
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• New Jersey Drivers Still Frowning Over ‘No Smile’ Driver’s License Policy

  10-08-2015 18:59
  
  Smile and the world smiles with you — unless you’re having your driver’s license renewed in New Jersey. It’s been three years since New Jersey instituted its “no smiling” policy for driver’s license photos — a measure designed to make …
  The article New Jersey Drivers Still Frowning Over ‘No Smile’ Driver’s License Policy appeared first on Insurance Journal.
  
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• Ohio Steel Company Fined $162K for Workplace Hazards

  10-08-2015 18:51
  
  Federal safety officials have proposed penalties totaling $162,400 against an Ohio-based steel manufacturer for exposing workers to workplace hazards. While Republic Steel has made a significant investment in personnel, training and safety improvements, workers are still exposed to serious fall and chemical …
  The article Ohio Steel Company Fined $162K for Workplace Hazards appeared first on Insurance Journal.
  
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• OSHA Sues Texas Company for Wrongfully Firing an Employee

  10-08-2015 18:43
  
  Federal officials have sued a Texas-based company for violating the whistleblower provisions of the Occupational Safety and Health Act. The lawsuit against Continental Alloys and Services Inc. in Spring, Texas, maintains an investigation found sufficient evidence to support a former employee’s allegation …
  The article OSHA Sues Texas Company for Wrongfully Firing an Employee appeared first on Insurance Journal.
  
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• National Transportation Safety Board to Hold Hearing on Tracy Morgan Crash

  10-08-2015 18:39
  
  Federal investigators will meet this week to determine the probable cause of the accident that injured actor-comedian Tracy Morgan and killed one of his friends. The National Transportation Safety Board scheduled a meeting for Tuesday morning in Washington, D.C. A …
  The article National Transportation Safety Board to Hold Hearing on Tracy Morgan Crash appeared first on Insurance Journal.
  
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• Missouri Gets Federal Disaster Declaration for Severe Storms, Floods

  10-08-2015 18:32
  
  Missouri Gov. Jay Nixon says President Barack Obama has approved a request for a major disaster declaration after repeated flash flooding and severe storms from May 15 to July 27. Nixon announced the disaster declaration in a news release. Sixty-eight …
  The article Missouri Gets Federal Disaster Declaration for Severe Storms, Floods appeared first on Insurance Journal.
  
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• SBA Disaster Assistance Available in Louisiana Due to Flooding

  10-08-2015 18:24
  
  Low-interest federal disaster loans are still available to Louisiana businesses and residents affected by the Red River flooding that occurred May 18 through June 20. U.S. Small Business Administration Administrator Maria Contreras-Sweet says the agency declared a disaster following the …
  The article SBA Disaster Assistance Available in Louisiana Due to Flooding appeared first on Insurance Journal.
  
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• Nebraska Tort Cap May Be Tested by $17M Jury Award

  10-08-2015 18:22
  
  In a case that could test Nebraska’s strict cap on medical malpractice awards, a federal jury has awarded the family of a 2-year-old girl a whopping $17 million, finding that subpar care at Bellevue Medical Center caused her severe disability. Nebraska tort …
  The article Nebraska Tort Cap May Be Tested by $17M Jury Award appeared first on Insurance Journal.
  
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• Ohio Land Owners Settle Whirlpool Pollution Lawsuit

  10-08-2015 18:19
  
  A lawsuit against Whirlpool Corp. has been settled over contaminated land in northern Ohio near where dozens of children were sickened with cancer. The land owners settled their suit earlier this summer — months after the children’s families dropped their …
  The article Ohio Land Owners Settle Whirlpool Pollution Lawsuit appeared first on Insurance Journal.
  
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• Delaware Opts Against Setting Up State Health Insurance Exchange

  10-08-2015 18:17
  
  Delaware officials have decided not to develop the state’s own health insurance exchange under the Affordable Care Act and instead will keep the current federal partnership model. Delaware was granted approval in June to develop a state-based health insurance marketplace, …
  The article Delaware Opts Against Setting Up State Health Insurance Exchange appeared first on Insurance Journal.
  
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• Talbot Names Tebbutt Global Practice Leader, Political Violence & Aviation War

  10-08-2015 18:13
  
  Talbot Underwriting Ltd., a wholly owned subsidiary of Validus Holdings Ltd., announced the promotion of Steven Tebbutt to global practice leader, political violence and aviation war. Tebbutt has been instrumental in establishing the war and terrorism book of business in …
  The article Talbot Names Tebbutt Global Practice Leader, Political Violence & Aviation War appeared first on Insurance Journal.
  
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• Berkshire profit falls 37% on insurance, investment slump - Business Insurance

  10-08-2015 18:06 via businessinsurance.com
  Business Insurance
  Berkshire profit falls 37% on insurance, investment slump
  Business Insurance
  (Reuters) — Warren Buffett's Berkshire Hathaway Inc. said on Friday its second-quarter profit fell 37%, reflecting a significant decline in investment gains and an underwriting loss from insurance operations, which include Geico. Net income for the ...
  Berkshire Insurance Units Slump in Q2Insurance Journalall 1,541 news articles »
  
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• California Law Agencies Get $34.9M to Fight Workers’ Comp Fraud

  10-08-2015 17:28
  
  Insurance Commissioner Dave Jones has awarded $34.9 million in grants to 37 district attorney offices representing 42 counties in California to combat workers’ compensation insurance fraud. The grants are funded through employer assessments, and they support law enforcement efforts in …
  The article California Law Agencies Get $34.9M to Fight Workers’ Comp Fraud appeared first on Insurance Journal.
  
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• California Agencies Get $34.9M to Fight Workers’ Comp Fraud

  10-08-2015 17:28
  
  Insurance Commissioner Dave Jones has awarded $34.9 million in grants to 37 district attorney offices representing 42 counties in California to combat workers’ compensation insurance fraud. The grants are funded through employer assessments, and they support law enforcement efforts in …
  The article California Agencies Get $34.9M to Fight Workers’ Comp Fraud appeared first on Insurance Journal.
  
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• Arizona Wildfire Sees New Evacuation Orders

  10-08-2015 17:21
  
  Worsening conditions at a wildfire in northwestern Arizona prompted authorities to issue a second evacuation order over the weekend. The decision Sunday to order an additional 700 homes evacuated brings the number of evacuated homes in the Topock area near the …
  The article Arizona Wildfire Sees New Evacuation Orders appeared first on Insurance Journal.
  
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• Berkshire Insurance Units Slump in Q2

  10-08-2015 17:17
  
  Warren Buffett’s Berkshire Hathaway Inc. posted second-quarter profit that missed analysts’ estimates because of higher claims costs at insurance units including Geico. Net income dropped 37 percent to $4.01 billion, or $2,442 a share, from $6.4 billion, or $3,889, a …
  The article Berkshire Insurance Units Slump in Q2 appeared first on Insurance Journal.
  
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• Howden UK Acquires Perkins Slade, Independent Broker

  10-08-2015 16:38
  
  Howden UK, part of the Hyperion Insurance Group, is delighted to announce the acquisition of Perkins Slade Forrest Holdings Ltd., subject to shareholder and regulatory approval. Perkins Slade is a leading independent insurance broker that operates in three areas of …
  The article Howden UK Acquires Perkins Slade, Independent Broker appeared first on Insurance Journal.
  
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• How Much More 18-Year-Olds Pay for Their Own Auto Insurance

  10-08-2015 16:37
  
  Eighteen year-olds pay an average of 18 percent more for car insurance if they sign up for an individual policy as opposed to remaining on their parents’ policies, according to a report from online seller insuranceQuotes.com. The difference in premiums …
  The article How Much More 18-Year-Olds Pay for Their Own Auto Insurance appeared first on Insurance Journal.
  
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• Auto Losses Seen Cutting P/C Insurance Profits Until 2016 - Insurance Journal

  10-08-2015 15:59 via insurancejournal.com
  
  Canadian Underwriter
  Auto Losses Seen Cutting P/C Insurance Profits Until 2016
  Insurance Journal
  The property/casualty insurance industry has made money on its personal lines underwriting since 2013 but that is likely to change in 2015. At the same time, commercial auto insurance should still make an underwriting profit in 2015 although it is ...
  Softer commercial insurance prices predictedBusiness Insuranceall 7 news articles »
  
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• Auto Losses Seen Cutting P/C Insurance Profits Until 2016

  10-08-2015 15:57
  
  The property/casualty insurance industry has made money on its personal lines underwriting since 2013 but that is likely to change in 2015. At the same time, commercial auto insurance should still make an underwriting profit in 2015 although it is …
  The article Auto Losses Seen Cutting P/C Insurance Profits Until 2016 appeared first on Insurance Journal.
  
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• Below-Normal Atlantic Hurricane Season Now Even More Likely: NOAA

  10-08-2015 14:47
  
  The U.S. Climate Prediction Center’s updated 2015 Atlantic Hurricane Season Outlook calls for a 90 percent chance of a below-normal hurricane season. A below-normal season is now even more likely than predicted in May, when the likelihood of a below-normal …
  The article Below-Normal Atlantic Hurricane Season Now Even More Likely: NOAA appeared first on Insurance Journal.
  
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• S&P Maintains Ironshore on CreditWatch Negative Pending Fosun Approvals

  10-08-2015 14:16
  
  Standard & Poor’s Ratings Services announced that it has extended its CreditWatch with negative implications on Ironshore Inc. and Ironshore Holdings (U.S.) Inc. for another 90 days. A.M. Best took a similar position last week. S&P said it is continuing “to …
  The article S&P Maintains Ironshore on CreditWatch Negative Pending Fosun Approvals appeared first on Insurance Journal.
  
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• Navigators Group Settles Probe Into Iran, North Korea Sanctions Violations

  10-08-2015 12:51
  
  Navigators Group Inc., the insurer that focuses on marine risks, agreed to settle a U.S. probe that it violated sanctions through deals tied to banned nations. Navigators will pay about $272,000 to resolve the liability for 48 suspected violations, according …
  The article Navigators Group Settles Probe Into Iran, North Korea Sanctions Violations appeared first on Insurance Journal.
  
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• The next big push: Getting people health care, not just insurance - The CT Mirror

  10-08-2015 11:31 via ctmirror.org
  
  The CT Mirror
  The next big push: Getting people health care, not just insurance
  The CT Mirror
  The Rev. Shirle Moone Childs, left, and Rebecca Santiago talk about insurance and doctor visits at a Hartford health fair earlier this year. This is the first story in an occasional series on major issues shaping health care in the wake of the ...
  
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• Willis Re Announces Sr. Leadership Posts for Jago, Hvidsten, Kent & Newman

  10-08-2015 11:09
  
  Willis Re, the reinsurance division of Willis Group Holdings plc, has announced several senior leadership appointments to its Global Executive Committee, which it detailed as follows: — Paddy Jago has been appointed Global Chairman, in addition to his role as …
  The article Willis Re Announces Sr. Leadership Posts for Jago, Hvidsten, Kent & Newman appeared first on Insurance Journal.
  
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• ACE Launches Website for Employers’ Liability Clients in UK & Ireland

  10-08-2015 10:39
  
  ACE has launched ACE Risk Manager, a website designed for its employers’ liability (EL) clients in the UK and Ireland. Advice on the site is designed to help companies improve the management of health and safety risks across their organizations …
  The article ACE Launches Website for Employers’ Liability Clients in UK & Ireland appeared first on Insurance Journal.
  
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• RSA chief uncans insurance giant's mega IT infrastructure review - The Register

  10-08-2015 10:37 via theregister.co.uk
  
  The Register
  RSA chief uncans insurance giant's mega IT infrastructure review
  The Register
  Interview Zurich Insurance, Europe's third-largest insurer with $70bn in revenue and 55,000 staff, hinted last week that it might buy RSA Group. Yet six major acts of M&A have saddled RSA with 15 data centres, managed and run differently and propping ...and more »
  
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• Typhoon Soudelor Kills at Least 9 in China After Lashing Taiwan, Killing 5

  10-08-2015 10:18
  
  At least nine people were killed in China’s eastern Zhejiang province as the remnants of Typhoon Soudelor dumped the heaviest rainfall in a century on the mainland after killing five in Taiwan. About 645 millimeters (25 inches) of rain fell on Zhejiang’s …
  The article Typhoon Soudelor Kills at Least 9 in China After Lashing Taiwan, Killing 5 appeared first on Insurance Journal.
  
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• Marsh Acquires South Carolina-Based Technology Provider Dovetail Insurance - Insurance Journal

  10-08-2015 10:10 via insurancejournal.com
  
  Marsh Acquires South Carolina-Based Technology Provider Dovetail Insurance
  Insurance Journal
  Marsh has signed a definitive agreement to acquire Dovetail Insurance, a provider of insurance technology services tailored to the U.S. small commercial market. Terms of the transaction, which is expected to close in the third quarter, were not disclosed.
  
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• ANV Launches EPLI Risk Management Hotline

  10-08-2015 10:08
  
  ANV Global Services Inc., the North American managing general underwriter (MGU) segment of global speciality insurance group ANV, has launched a new risk management hotline for its employment practices liability insurance (EPLI) policyholders in North America. The EPLI hotline will …
  The article ANV Launches EPLI Risk Management Hotline appeared first on Insurance Journal.
  
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• AmWINS Adds Brott, Vecchio, Oliver to Southeast

  10-08-2015 10:00
  
  AmWINS has added Matt Brott, Rob Vecchio, and Nick Oliver to its Southeast area offices. Brott joined AmWINS Brokerage of Georgia on July 24 as executive vice president. He has more than 13 years of experience, most recently leading Swett …
  The article AmWINS Adds Brott, Vecchio, Oliver to Southeast appeared first on Insurance Journal.
  
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• Marsh Acquires South Carolina-Based Technology Provider Dovetail Insurance

  10-08-2015 10:00
  
  Marsh has signed a definitive agreement to acquire Dovetail Insurance, a provider of insurance technology services tailored to the U.S. small commercial market. Terms of the transaction, which is expected to close in the third quarter, were not disclosed. Based …
  The article Marsh Acquires South Carolina-Based Technology Provider Dovetail Insurance appeared first on Insurance Journal.
  
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• Cambodia's insurance revenue up 20 pct in 1st half of 2015 - Xinhua

  10-08-2015 07:45 via news.xinhuanet.com
  Cambodia's insurance revenue up 20 pct in 1st half of 2015
  Xinhua
  PHNOM PENH, Aug. 10 (Xinhua) -- Cambodia's fledgling insurance industry earned a total premium of 32.2 million U.S. dollars in the first six months of 2015, up 20 percent from 26.8 million U.S. dollars a year earlier, official data showed on Monday.and more »
  
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• Attorney: Hail Claims ‘Cottage Industry’ Bad News for Texas

  10-08-2015 07:42
  
  The rise of rampant claims litigation against property insurers following hailstorms in Texas has created a “cottage industry” that not only threatens the financial health of the state’s property insurers, it puts insurance consumers at risk as well, says a …
  The article Attorney: Hail Claims ‘Cottage Industry’ Bad News for Texas appeared first on Insurance Journal.
  
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• Did Monster Mom Kill 13-Year-Old for Rs. 10-Lakh Insurance? - NDTV

  10-08-2015 07:04 via ndtv.com
  
  NDTV
  Did Monster Mom Kill 13-Year-Old for Rs. 10-Lakh Insurance?
  NDTV
  Rakhi had allegedly threatened to file a kidnapping case against her own mother when the latter said she would take Chaitanya away from her to save him from her abuse. submit to reddit; inShare; Add to Flipboard Magazine. Several chilling details have ...and more »
  
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• Tension Runs High in VIX as Stock Insurance Costs Most Since '06 - Bloomberg

  10-08-2015 06:32 via bloomberg.com
  
  Bloomberg
  Tension Runs High in VIX as Stock Insurance Costs Most Since '06
  Bloomberg
  Traders signal offers in the Volatility Index (VIX) pit at the Chicago Board Options Exchange. Photographer: Scott Olson/Getty Images. Don't Miss Out — Follow Bloomberg On. Facebook · Twitter · Instagram · YouTube. Sign up for email and newsletter ...and more »
  
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• Prosecutors Want Life Sentence in Georgia Peanut Exec Salmonella Case

  10-08-2015 06:30
  
  Federal court officers have recommended a sentence of life in prison for a peanut company executive convicted of selling salmonella-tainted food, a move that attorneys on both sides called “unprecedented” for a food-poisoning case. The potential life sentence for former …
  The article Prosecutors Want Life Sentence in Georgia Peanut Exec Salmonella Case appeared first on Insurance Journal.
  
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• Understanding Your Health Insurance - Aug. 9, 2015: What is the Medicare Part ... - NorthJersey.com

  10-08-2015 06:19 via northjersey.com
  
  Understanding Your Health Insurance - Aug. 9, 2015: What is the Medicare Part ...
  NorthJersey.com
  Medicare Part D is the prescription drug component to Medicare. If you enroll in a Part D plan after your 65th birthday, as you have been covered by group health insurance up to that time, you have a very good chance of receiving a letter stating that ...
  
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• Florida Makes 4 Arrests in $145K PIP Fraud Scheme

  10-08-2015 06:17
  
  The Florida Department of Financial Services’ Division of Insurance Fraud (DIF) announced the arrest of four South Florida arrests of individuals on charges related to their involvement in three separate personal injury protection (PIP) fraud schemes that resulted in the …
  The article Florida Makes 4 Arrests in $145K PIP Fraud Scheme appeared first on Insurance Journal.
  
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• When Buying Car Insurance, Young Drivers Should Stick with Mom and Dad - The Fiscal Times

  10-08-2015 06:04 via thefiscaltimes.com
  
  The Fiscal Times
  When Buying Car Insurance, Young Drivers Should Stick with Mom and Dad
  The Fiscal Times
  The parents of young drivers have enough to worry about, but a new study from insuranceQuotes.com finds that those who add coverage for an 18-to-24-year-old can expect to see an average annual premium increase of 80 percent on their existing car ...
  
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• One way teens can actually save on car insurance - MarketWatch

  10-08-2015 06:01 via marketwatch.com
  
  MarketWatch
  One way teens can actually save on car insurance
  MarketWatch
  Teenagers who piggyback on their parents' car insurance will add around 77% to the cost of their family's policy, but it would cost them almost 20% more than what their parents are being charged if they took out their own insurance plan, according to a ...and more »
  
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• Retirees Stung by 'Universal Life' Cost - Wall Street Journal

  10-08-2015 04:02 via wsj.com
  
  Wall Street Journal
  Retirees Stung by 'Universal Life' Cost
  Wall Street Journal
  Retired high-school teacher Nicholas Vertullo long felt confident that his wife, Grace, wouldn't have to pinch pennies after he died. Nearly three decades ago, he bought a $238,000 life-insurance policy, and later bought three more policies, pushing ...
  
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• New maps identify flood risk and helps to lower insurance rates - WXOW.com

  10-08-2015 03:58 via wxow.com
  
  WXOW.com
  New maps identify flood risk and helps to lower insurance rates
  WXOW.com
  It's been a half a century since the City of La Crosse has seen a flood like the one in 1965. But even the one percent annual chance it will happen again means homeowners across the city must be flood insured. More than 970 homes in the city of La ...and more »
  
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• Six arrested on insurance fraud charges in connection with staged crashes - The New Orleans Advocate

  10-08-2015 02:00 via theneworleansadvocate.com
  
  Six arrested on insurance fraud charges in connection with staged crashes
  The New Orleans Advocate
  Following a nearly two-year investigation, six south Louisiana residents were arrested for their involvement in an insurance fraud scheme, according to the State Police. Five additional suspects are still wanted. In 2013, an insurance company told the ...and more »
  
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• Rs 3000-cr 'fraud': Insurance companies to approach Arun Jaitley over tax raids - The Indian Express

  10-08-2015 01:02 via indianexpress.com
  
  The Indian Express
  Rs 3000-cr 'fraud': Insurance companies to approach Arun Jaitley over tax raids
  The Indian Express
  Insurance companies claim the seizures are unjustified and that officers of the Directorate General of Central Excise Intelligence (DGCEI) treated employees “inhumanly” and “harassed them” during search operations.
  Top insurance news of the day- August 10, 2015Indiainfolineall 3 news articles »
  
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