Insurance news

• Raleigh to Restrict Late-Night Sidewalk Use by Downtown Bars, Restaurants

  11-08-2015 23:39
  
  Raleigh, North Carolina, city officials are restricting the use of downtown sidewalks by bars and restaurants at night because they say patrons have become too loud and disruptive to residents. The News & Observer reports that the Raleigh City Council …
  The article Raleigh to Restrict Late-Night Sidewalk Use by Downtown Bars, Restaurants appeared first on Insurance Journal.
  
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• Mass. Faces Legal, Logistical Obstacles in Introducing Police Body Cameras

  11-08-2015 23:38
  
  In light of recent events nationwide involving police and the use of force, everyone seems to have fallen in love with the idea of fitting police with body-worn cameras to record activity. But in all likelihood, it will be some …
  The article Mass. Faces Legal, Logistical Obstacles in Introducing Police Body Cameras appeared first on Insurance Journal.
  
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• FEMA Makes 1st New Payments to Sandy Flood Claimants After Review

  11-08-2015 23:37
  
  The federal government has started making new payments to victims of Superstorm Sandy after a review found that some policyholders were not paid what they were due from the National Flood Insurance Program. The Federal Emergency Management Agency announced Monday …
  The article FEMA Makes 1st New Payments to Sandy Flood Claimants After Review appeared first on Insurance Journal.
  
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• Insurance Executive O'Garro Denies Guilt In New Fraud Indictment - Hartford Courant

  11-08-2015 23:14 via courant.com
  
  Hartford Courant
  Insurance Executive O'Garro Denies Guilt In New Fraud Indictment
  Hartford Courant
  Hartford insurance broker Earl O'Garro, left, pictured next to the former Hybrid Insurance Group headquarters at 30 Lewis St. in Hartford. Hartford insurance broker Earl O'Garro, left, pictured next to the former Hybrid Insurance Group headquarters at ...
  Hartford Insurance Broker Earl O'Garro Again Pleads Not GuiltyWNPR Newsall 2 news articles »
  
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• Insurance Corner: Make sure you have the right insurance coverage - Macon Telegraph

  11-08-2015 23:12 via macon.com
  PropertyCasualty360
  Insurance Corner: Make sure you have the right insurance coverage
  Macon Telegraph
  When I first started this column I wanted it to be informative. I do not know if I have accomplished that, but let me pass along two recent inquiries that might benefit someone out there. One customer recently came to me for a quote on auto insurance ...
  Commercial Auto Insurance 101The Herald-Newsall 4 news articles »
  
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• Donelon: Post-Katrina home insurance market 'brighter than ever' - NOLA.com

  11-08-2015 22:56 via nola.com
  
  NOLA.com
  Donelon: Post-Katrina home insurance market 'brighter than ever'
  NOLA.com
  Louisiana Insurance Commissioner Jim Donelon speaks on insurance 10 years after Katrina Louisiana Insurance Commissioner Jim Donelon spoke about the state of property and flood insurance 10 years after Hurricane Katrina during a summit in New ...
  Homeowner's Insurance: More Options Than Before KatrinaWRKFall 4 news articles »
  
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• Buying Car Insurance for Teenagers Can Be a Balancing Act - New York Times

  11-08-2015 22:27 via nytimes.com
  KTAR.com
  Buying Car Insurance for Teenagers Can Be a Balancing Act
  New York Times
  Adding a teenager to a family's auto insurance policy is a sure way to raise the premiums, but it's usually less expensive than buying a separate policy, according to new research. Eighteen-year-old drivers add an average of 77 percent to the cost of ...
  Study: Arizona ranks among highest states for teen car insurance ratesKTAR.com
  Blog: Cheaper For Young Adults To Stay On Parents' Car InsuranceCBS Loc
  
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• Long-Term Disability Insurance Vs. Long-Term Care Insurance - Forbes

  11-08-2015 21:22 via forbes.com
  
  Long-Term Disability Insurance Vs. Long-Term Care Insurance
  Forbes
  Insurance is all about planning for the “what if's,” by protecting yourself and your loved ones, against worst-case scenarios. As you age, these coverage decisions become more complex — and costly — in order to plan for the possibility that you'll be ...and more »
  
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• Pennsylvania’s Mill Creek Flood of 1915 Re-Examined

  11-08-2015 19:00
  
  Erie, Pennsylvania, has had some tragic days, but Aug. 3, 1915, ranks at the top. At 8:45 p.m. that Tuesday, a wall of water tore through the city at 25 mph, lifting houses from their foundations, ripping pavement from streets …
  The article Pennsylvania’s Mill Creek Flood of 1915 Re-Examined appeared first on Insurance Journal.
  
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• J.M. Wilson Adds Schell as Transportation Underwriter

  11-08-2015 18:43
  
  Managing general agency and surplus lines broker J.M. Wilson has hired Sarah Schell in its Arlington Heights, Illinois, office as transportation underwriter. Schell will quote new and renewal commercial transportation risks, and work with independent insurance agents in the states of …
  The article J.M. Wilson Adds Schell as Transportation Underwriter appeared first on Insurance Journal.
  
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• Del. Law Aims to Improve Fire Safety, Encourages Home Sprinkler Systems

  11-08-2015 18:39
  
  Delaware Gov. Jack Markell signed legislation aimed at improving fire safety for homeowners in Delaware. The bill, signed on Aug. 6, requires builders of new single-family and two-family homes to provide buyers a cost estimate for installing an automatic sprinkler …
  The article Del. Law Aims to Improve Fire Safety, Encourages Home Sprinkler Systems appeared first on Insurance Journal.
  
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• Del. Law Aims to Improve Fire Safety, Encourage Home Sprinkler Systems

  11-08-2015 18:39
  
  Delaware Gov. Jack Markell signed legislation aimed at improving fire safety for homeowners in Delaware. The bill, signed on Aug. 6, requires builders of new single-family and two-family homes to provide buyers a cost estimate for installing an automatic sprinkler …
  The article Del. Law Aims to Improve Fire Safety, Encourage Home Sprinkler Systems appeared first on Insurance Journal.
  
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• CMS delays insurance payout data from health reform's risk corridors - Business Insurance

  11-08-2015 18:37 via businessinsurance.com
  CMS delays insurance payout data from health reform's risk corridors
  Business Insurance
  The federal government has postponed the release of data that will show how much health insurance companies will receive or be charged under an Affordable Care Act program meant to mitigate the risk of taking on previously uninsured members. All health ...and more »
  
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• U.S. Safety Board Focuses on Driver Fatigue in Tracy Morgan Crash

  11-08-2015 18:25
  
  A Wal-Mart Stores Inc. driver who struck a limo van carrying comic Tracy Morgan last year had been awake for 28 hours and worked almost 14 hours at the time of the accident, U.S. investigators found. The National Transportation Safety …
  The article U.S. Safety Board Focuses on Driver Fatigue in Tracy Morgan Crash appeared first on Insurance Journal.
  
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• Higginbotham, Commercial Global Insurance Join Forces

  11-08-2015 18:21
  
  Independent insurance broker Higginbotham, based in Fort Worth, and Commercial Global Insurance (CGI) are merging their operations in Friendswood, Texas. CGI is an independent broker in Deer Park, Texas. CGI will merge its five-person group into Higginbotham’s office in nearby Friendswood this month. Beginning in 2008, Higginbotham started a …
  The article Higginbotham, Commercial Global Insurance Join Forces appeared first on Insurance Journal.
  
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• Missouri-Based POWERS Insurance and Benefits Promotes Sullivan

  11-08-2015 18:18
  
  Clayton, Mo.-based independent insurance agency POWERS Insurance and Benefits has promoted Chris Sullivan to risk management advisor. Sullivan specializes in commercial risk management consulting. He also handles new account development and continues to take care of his clientele’s personal insurance and family …
  The article Missouri-Based POWERS Insurance and Benefits Promotes Sullivan appeared first on Insurance Journal.
  
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• Some Feds Will See Life Insurance Rate Hikes in January - GovExec.com

  11-08-2015 18:18 via govexec.com
  
  GovExec.com
  Some Feds Will See Life Insurance Rate Hikes in January
  GovExec.com
  Some federal employees and retirees who have life insurance will see their premium rates change as of Jan. 1, 2016. The Office of Personnel Management announced that some premiums under the Federal Employees' Group Life Insurance Program (FEGLI) ...
  
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• Hazards Lead to $156K in Fines for Louisiana Trucking Firm

  11-08-2015 18:17
  
  A trucking company based in Louisiana has been cited by federal workplace safety officials for exposing workers to various safety and health hazards. Proposed penalties total $156,800. Transporter Maintenance and Inspection LLC, a subsidiary of L & B Holdings LLC …
  The article Hazards Lead to $156K in Fines for Louisiana Trucking Firm appeared first on Insurance Journal.
  
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• $1M in Jewelry, Gems Stolen from Antique Show in Illinois

  11-08-2015 18:15
  
  A vendor reported more than $1 million worth of jewelry and gems stolen during a weekend antique show in Peoria, Ill., according to police. The theft was reported Aug. 9 after the reopening of the Mid America Antique Show and …
  The article $1M in Jewelry, Gems Stolen from Antique Show in Illinois appeared first on Insurance Journal.
  
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• Price Tag from Spring Severe Weather Adding Up in Oklahoma

  11-08-2015 18:13
  
  The rain has stopped falling and the triple-digit heat of an Oklahoma summer has finally arrived, but state emergency managers are still adding up the price tag for repairing roads, bridges and other public infrastructure damaged by severe storms and …
  The article Price Tag from Spring Severe Weather Adding Up in Oklahoma appeared first on Insurance Journal.
  
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• Arizona Wildfire That Forced Evacuations Now Partial Contained

  11-08-2015 17:30
  
  A wildfire in Arizona that has grown to more than 6,000 acres and forces hundreds to evacuate is now 40 percent contained, fire officials say. The Willow fire in Mohave Valley is being battled by more than 300 firefighting personnel. …
  The article Arizona Wildfire That Forced Evacuations Now Partial Contained appeared first on Insurance Journal.
  
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• Evacuations Ordered in Southern California Wildfire

  11-08-2015 17:20
  
  A wildfire in rural Riverside County, Calif. has surged to about 500 acres, forcing evacuations and leaving one person burned and three firefighters with minor injuries. The blaze off State Route 74 near Anza started as a motor home fire …
  The article Evacuations Ordered in Southern California Wildfire appeared first on Insurance Journal.
  
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• XL to Acquire Entertainment Insurance Firms Allied Specialty, THE Company - Insurance Journal

  11-08-2015 17:17 via insurancejournal.com
  
  XL to Acquire Entertainment Insurance Firms Allied Specialty, THE Company
  Insurance Journal
  Insurer X.L. America Inc. has agreed to acquire Allied International Holdings Inc., the Florida-based holding company of Allied Specialty Insurance Inc. and T.H.E. Insurance Co., a leading insurer of the outdoor entertainment industry in the U.S ...and more »
  
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• California Wildfire That Erupted Near Massive Blaze Expands

  11-08-2015 16:56
  
  A wildfire that erupted near a destructive blaze in Northern California’s rural, rocky hills expanded farther. The blaze had burned 9 square miles by Monday afternoon, the California Department of Forestry and Fire Protection said. It broke out several miles …
  The article California Wildfire That Erupted Near Massive Blaze Expands appeared first on Insurance Journal.
  
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• XL to Acquire Entertainment Insurers Allied Specialty, T.H.E Company

  11-08-2015 16:48
  
  Insurer X.L. America Inc. has agreed to acquire Allied International Holdings Inc., the Florida-based holding company of Allied Specialty Insurance Inc. and T.H.E. Insurance Co., a leading insurer of the outdoor entertainment industry in the U.S. Allied is a leading …
  The article XL to Acquire Entertainment Insurers Allied Specialty, T.H.E Company appeared first on Insurance Journal.
  
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• XL to Acquire Entertainment Insurers Allied Specialty, T.H.E Co.

  11-08-2015 16:48
  
  Insurer X.L. America Inc. has agreed to acquire Allied International Holdings Inc., the Florida-based holding company of Allied Specialty Insurance Inc. and T.H.E. Insurance Co., a leading insurer of the outdoor entertainment industry in the U.S. Allied is a leading …
  The article XL to Acquire Entertainment Insurers Allied Specialty, T.H.E Co. appeared first on Insurance Journal.
  
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• XL to Acquire Entertainment Insurance Firms Allied Specialty, T.H.E Company

  11-08-2015 16:48
  
  Insurer X.L. America Inc. has agreed to acquire Allied International Holdings Inc., the Florida-based holding company of Allied Specialty Insurance Inc. and T.H.E. Insurance Co., a leading insurer of the outdoor entertainment industry in the U.S. Allied is a leading …
  The article XL to Acquire Entertainment Insurance Firms Allied Specialty, T.H.E Company appeared first on Insurance Journal.
  
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• Most Small Railroads to Miss Brake Safety Deadline, Says NHTSA

  11-08-2015 16:21
  
  Only a small number of U.S. railroads will meet the Dec. 31 deadline for implementing new train safety technology that experts say would have prevented the deadly May 12 Amtrak derailment in Philadelphia, officials said on Friday. A report to …
  The article Most Small Railroads to Miss Brake Safety Deadline, Says NHTSA appeared first on Insurance Journal.
  
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• The Hartford Expands Liability Coverage For Asset Managers

  11-08-2015 15:32
  
  The Hartford has expanded its management and professional liability insurance for asset management firms of all sizes, offering a blended liability policy with new and extended coverage to address key cyber and regulatory risks. “Today’s asset management firms operate in …
  The article The Hartford Expands Liability Coverage For Asset Managers appeared first on Insurance Journal.
  
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• File-Share Firm Citrix Joins Independent Agents’ Technology Council

  11-08-2015 15:22
  
  Citrix is the newest company partner of the Independent Insurance Agents & Brokers of America’s Agents Council for Technology (ACT). Raleigh, North Carolina-based Citrix offers ShareFile, a file storage, sync and sharing service for businesses. The company says it has …
  The article File-Share Firm Citrix Joins Independent Agents’ Technology Council appeared first on Insurance Journal.
  
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• ‘Affinity Schemes’ Achieving Growth in UK Commercial Lines: Finaccord Report

  11-08-2015 15:05
  
  A new report from UK-based financial marketing and consulting firm Finaccord concludes that “affinity schemes for commercial lines insurance in the UK are on the rise as brokers and underwriters strive to grow market share and profitability in a tough …
  The article ‘Affinity Schemes’ Achieving Growth in UK Commercial Lines: Finaccord Report appeared first on Insurance Journal.
  
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• Organically Speaking, Independent Agencies Are Very Profitable

  11-08-2015 14:44
  
  Independent agencies are enjoying a period of high profitability boosted by healthy organic growth despite continued soft pricing in commercial lines. Independent insurance agents/brokers posted median organic growth of 5.9 percent for the second quarter of 2015, slightly higher than …
  The article Organically Speaking, Independent Agencies Are Very Profitable appeared first on Insurance Journal.
  
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• Local woman wanted for insurance fraud - WAVY-TV

  11-08-2015 13:37 via wavy.com
  
  WAVY-TV
  Local woman wanted for insurance fraud
  WAVY-TV
  NORFOLK, Va. (WAVY) — Virginia State Police are looking for a Norfolk woman accused of insurance fraud. State police say 27-year-old Clasha Morrow is wanted for felony attempt to obtain money under false pretenses and felony forgery in relation to ...
  Woman wanted for insurance fraudwtkr.comall 2 news articles »
  
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• QBE Completes Sale of Argentine Workers’ Compensation Business

  11-08-2015 11:15
  
  QBE announced it has completed of the sale of the group’s workers’ compensation business in Argentina to La Caja Aseguradora de Riesgos de Trabajo ART SA, a company wholly owned by the Werthein Group, which has had a significant presence …
  The article QBE Completes Sale of Argentine Workers’ Compensation Business appeared first on Insurance Journal.
  
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• Estimates for 1stHY 2015 Puts Cat Economic Losses at $37 Bn: Swiss Re Study

  11-08-2015 11:08
  
  A new sigma study from Swiss Re estimates that “total economic losses from natural catastrophes and man-made disasters reached $37 billion in the first half of 2015. The global insurance industry covered nearly 45 percent ($16.5 billion) of these losses, …
  The article Estimates for 1stHY 2015 Puts Cat Economic Losses at $37 Bn: Swiss Re Study appeared first on Insurance Journal.
  
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• Typhoon Soudelor Hits Taiwan and China with Rains, Floods & Wind: AIR Report

  11-08-2015 10:59
  
  A report from catastrophe modeling firm AIR Worldwide, states: “Typhoon Soudelor has weakened over eastern China after making landfalls in Saipan, Taiwan, and China. The storm made landfall in Taiwan at 21:00 UTC on Saturday, August 8, approximately 32 km …
  The article Typhoon Soudelor Hits Taiwan and China with Rains, Floods & Wind: AIR Report appeared first on Insurance Journal.
  
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• Update: Delta Lloyd’s $588 Million First Half Loss Raises Capital Concerns

  11-08-2015 10:14
  
  Delta Lloyd NV fell the most on record after interest-rate hedging and declines in bonds spurred a first-half loss, raising concern the Dutch insurer may need to raise capital. The shares fell 20 percent to 13.17 euros at 5:30 p.m. in Amsterdam, …
  The article Update: Delta Lloyd’s $588 Million First Half Loss Raises Capital Concerns appeared first on Insurance Journal.
  
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• Update: Delta Lloyd $588 Million First Half Loss Raises Capital Concerns

  11-08-2015 10:14
  
  Delta Lloyd NV fell the most on record after interest-rate hedging and declines in bonds spurred a first-half loss, raising concern the Dutch insurer may need to raise capital. The shares fell 20 percent to 13.17 euros at 5:30 p.m. in Amsterdam, …
  The article Update: Delta Lloyd $588 Million First Half Loss Raises Capital Concerns appeared first on Insurance Journal.
  
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• Delta Lloyd Reports Loss in 1st Half of $585 Million on Market Volatility

  11-08-2015 10:14
  
  Delta Lloyd NV fell after the insurer said swings in interest rates and credit spreads contributed to a net loss of 533 million euros ($585 million) in the first half. “There was enormous market volatility,” Chief Executive Officer Hans van der Noordaa …
  The article Delta Lloyd Reports Loss in 1st Half of $585 Million on Market Volatility appeared first on Insurance Journal.
  
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• Marsh & McLennan Acquires Florida-Based Tequesta Insurance Advisors

  11-08-2015 10:00
  
  Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, has acquired Tequesta Insurance Advisors, a personal, commercial, and employee benefits insurance provider in Florida. Terms of the transaction were not disclosed. With approximately $10 million in …
  The article Marsh & McLennan Acquires Florida-Based Tequesta Insurance Advisors appeared first on Insurance Journal.
  
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• R-T Specialty Division Launches Retired Directors Policy with Full Binding Authority

  11-08-2015 10:00
  
  R-T Specialty, LLC’s Retired Directors Assurance Underwriting Services, a division of R-T Specialty, LLC, has a new binding authority for the Retired Directors Assurance (RDA) policy, which provides contingent liability coverage for individual retired Directors (Side A Coverage) on a …
  The article R-T Specialty Division Launches Retired Directors Policy with Full Binding Authority appeared first on Insurance Journal.
  
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• Survey: Decrease in Seat Belt Use in Tennessee

  11-08-2015 10:00
  
  A recent survey shows a decrease in seat belt use in Tennessee. The Governor’s Highway Safety Office and the Tennessee Highway Patrol announced that the statewide rate for the month of June is 86.2 percent, a decrease from the previous …
  The article Survey: Decrease in Seat Belt Use in Tennessee appeared first on Insurance Journal.
  
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• Beecher Carlson Promotes Flynn to National Casualty Claims Leader

  11-08-2015 10:00
  
  Beecher Carlson Insurance Services, LLC, a specialized large account insurance broker, has promoted Suzanne Flynn to managing director and leader, National Casualty Claims. Flynn will lead the claims team while providing claim processing, claim advocacy, loss analysis and case management …
  The article Beecher Carlson Promotes Flynn to National Casualty Claims Leader appeared first on Insurance Journal.
  
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• AIG & Other Insurers Avoid Offering Cover for Tax Risks in Indian M&As

  11-08-2015 09:43
  
  Prime Minister Narendra Modi needs to offer much more than just his best intentions to clean up India’s whimsical tax regime to help convince insurers. Companies from Allianz SE to American International Group Inc. are avoiding offering tax-liability coverage in …
  The article AIG & Other Insurers Avoid Offering Cover for Tax Risks in Indian M&As appeared first on Insurance Journal.
  
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• Increase in Drones Near Airports Prompts Calls for Tighter Regulation

  11-08-2015 04:18
  
  A significant increase in close encounters between passenger aircraft and drones is prompting demands from U.S. lawmakers for tighter regulation and enforcement to avoid a fatal collision. Pilots on four airliners spotted an unmanned craft on Sunday as they approached …
  The article Increase in Drones Near Airports Prompts Calls for Tighter Regulation appeared first on Insurance Journal.
  
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• How Google Is Becoming 21st Century Berkshire Hathaway

  11-08-2015 04:05
  
  Google Inc. Chief Executive Officer Larry Page speaks affectionately of fellow billionaire Warren Buffett’s approach to business. With the decision to restructure the Internet-search giant, Page is putting Buffett’s influence into practice. Page on Monday said he’s restructuring Google so …
  The article How Google Is Becoming 21st Century Berkshire Hathaway appeared first on Insurance Journal.
  
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