Insurance news

• Maximum Adds 2 New Producers From All Risks in Florida

  12-08-2015 21:10
  
  Maximum, an independent, Chicago-based excess and surplus lines wholesale distributor, hired Jennifer Entinger and Kim Monahan as producers in Florida. Both Entinger and Monahan came from All Risks, Ltd. and have a brokerage focus in property/casualty. A native to southern …
  The article Maximum Adds 2 New Producers From All Risks in Florida appeared first on Insurance Journal.
  
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• Death Toll From Legionnaires’ Disease Up to 12, NYC Mayor Says

  12-08-2015 18:50
  
  Two more people in the Bronx have died of Legionnaires’ disease, bringing the total of fatalities to 12 in the largest outbreak of the disease in New York City history, officials said Monday. There are now 113 reported cases of …
  The article Death Toll From Legionnaires’ Disease Up to 12, NYC Mayor Says appeared first on Insurance Journal.
  
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• Deadline for Applying to Texas Windstorm Insurance Board Nears

  12-08-2015 18:41
  
  The Texas Department of Insurance is accepting applications for the Texas Windstorm Insurance Association board of directors after the makeup of the board was changed by the 84th Legislature. The deadline for applications is August 15. Under Senate Bill 900, …
  The article Deadline for Applying to Texas Windstorm Insurance Board Nears appeared first on Insurance Journal.
  
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• ISO Upgrades Sioux Falls, South Dakota Fire Protection Rating

  12-08-2015 18:33
  
  Homeowners in South Dakota’s largest city might soon get a break on their insurance bills. The Insurance Services Office that scores about 48,000 fire departments nationwide is upgrading Sioux Falls’ public protection grade to the second-best mark that a fire …
  The article ISO Upgrades Sioux Falls, South Dakota Fire Protection Rating appeared first on Insurance Journal.
  
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• OSHA: Illinois Company Fined $1.8 M for Exposing Workers to Asbestos

  12-08-2015 18:31
  
  The top federal official for worker safety says an Illinois businessman’s “outrageous behavior” of bringing in Mexican workers to remove asbestos without safety gear warrants fines of nearly $1.8 million. The U.S. Department of Labor’s Occupational Safety and Health Administration …
  The article OSHA: Illinois Company Fined $1.8 M for Exposing Workers to Asbestos appeared first on Insurance Journal.
  
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• Illinois Company Fined $1.8 M for Exposing Workers to Asbestos

  12-08-2015 18:31
  
  The top federal official for worker safety says an Illinois businessman’s “outrageous behavior” of bringing in Mexican workers to remove asbestos without safety gear warrants fines of nearly $1.8 million. The U.S. Department of Labor’s Occupational Safety and Health Administration …
  The article Illinois Company Fined $1.8 M for Exposing Workers to Asbestos appeared first on Insurance Journal.
  
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• 10 Years After Katrina/Rita Louisiana Citizens’ Market Share at 1.8%

  12-08-2015 18:24
  
  The market share of Louisiana’s property insurer of last resort — Louisiana Citizens Property Insurance Corp.— has declined from 9.8 percent to 1.8 percent in the 10 years after back-to-back Hurricanes Katrina and Rita devastated the state and its property …
  The article 10 Years After Katrina/Rita Louisiana Citizens’ Market Share at 1.8% appeared first on Insurance Journal.
  
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• Main Street America Introduces New Private Passenger Auto Program in Va.

  12-08-2015 18:23
  
  The Main Street America Group announced the introduction of Main Street Protection Auto, its new private passenger auto insurance program for Virginia via its statewide network of independent insurance agents. Product highlights include 20 different types of discounts and a …
  The article Main Street America Introduces New Private Passenger Auto Program in Va. appeared first on Insurance Journal.
  
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• GlaxoSmithKline Shuts Down N.C. Factory Due to Legionnaires’ Bacteria

  12-08-2015 18:06
  
  Drugmaker GlaxoSmithKline closed its North Carolina factory on Tuesday after testing at a cooling tower found bacteria that causes deadly Legionnaire’s disease, a company spokeswoman said. The Legionella bacteria was discovered during routine inspections at the site in Zebulon, N.C., …
  The article GlaxoSmithKline Shuts Down N.C. Factory Due to Legionnaires’ Bacteria appeared first on Insurance Journal.
  
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• Florida Approves Removal of Up to 280,857 Policies From Citizens

  12-08-2015 17:54
  
  The Florida Office of Insurance Regulation announced today that it has approved the removal of up to 279,357 personal residential policies and 1,500 commercial residential polices from Citizens Property Insurance Corporation by the following seven companies: Anchor Property & Casualty …
  The article Florida Approves Removal of Up to 280,857 Policies From Citizens appeared first on Insurance Journal.
  
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• Survey: How Health Insurance Brokers, Navigators Perform Under Obamacare

  12-08-2015 17:34
  
  Insurance brokers play an important role in helping people obtain non-group health insurance from the health insurance marketplaces established under the Affordable Care Act (ACA) and tend to serve difference people than the navigators and other market assistance programs, according …
  The article Survey: How Health Insurance Brokers, Navigators Perform Under Obamacare appeared first on Insurance Journal.
  
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• Billionaire Sterling Sues TMZ, Friend Over Clippers Loss

  12-08-2015 17:16
  
  Billionaire Donald Sterling sued celebrity website TMZ and an ex-girlfriend over the recording of his off-color remarks that cost him ownership of the Los Angeles Clippers. Sterling’s lawsuit filed last week in Los Angeles Superior Court accused TMZ and V. Stiviano …
  The article Billionaire Sterling Sues TMZ, Friend Over Clippers Loss appeared first on Insurance Journal.
  
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• California Mural’s Destruction Prompts Artist to Sue Business Owners

  12-08-2015 17:13
  
  An Oakland, Calif. artist who painted a 98-foot-long mural depicting Lake Merritt on the side of an auto dealership nearly 30 years ago is suing the current and past operators of the building. The Oakland Tribune reported Dan Fontes is …
  The article California Mural’s Destruction Prompts Artist to Sue Business Owners appeared first on Insurance Journal.
  
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• Utah City’s Basements Flood After Large Reservoir Leak

  12-08-2015 17:10
  
  Residents of Ogden, Utah have been facing flooded basements since June, but the area-irrigation water supplier may have found the problem: a leak in a nearby reservoir. The Standard-Examiner reported that the general manager of Pineview Water Systems says crews …
  The article Utah City’s Basements Flood After Large Reservoir Leak appeared first on Insurance Journal.
  
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• Second Largest Wildfire Year in History for Alaska

  12-08-2015 17:08
  
  This summer’s fire season has officially become the second biggest on record in Alaska. More than 5,081,000 acres, or 7,940 square miles,  have burned this year. That surpasses the nearly 5.05 million acres burned in 1957 for second place on …
  The article Second Largest Wildfire Year in History for Alaska appeared first on Insurance Journal.
  
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• Regulations For Uber, Lyft Clear Another Nevada Hurdle

  12-08-2015 17:05
  
  Nevada lawmakers gave preliminary approval Monday to regulations for ride-hailing companies such as Uber and Lyft, a move that puts the rules one hurdle away from being final. The 12-member Legislative Commission this week voted to greenlight the rules, which include …
  The article Regulations For Uber, Lyft Clear Another Nevada Hurdle appeared first on Insurance Journal.
  
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• Einhorn’s Greenlight Re May Gain $30.4M From China’s Currency Devaluation

  12-08-2015 15:10
  
  With U.S. equities declining in the wake of China’s currency devaluation, hedge fund manager David Einhorn may be one of the few stock pickers to get a direct boost from the yuan’s sudden decline. Greenlight Capital Re Ltd., an insurer …
  The article Einhorn’s Greenlight Re May Gain $30.4M From China’s Currency Devaluation appeared first on Insurance Journal.
  
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• ACE Appoints Wazen as Head of North Africa

  12-08-2015 14:50
  
  ACE Group has appointed Ghassan Wazen, currently regional business development manager for ACE in MENA, to the new role of head of North Africa, as it continues to build its management capabilities within Eurasia and Africa, its newest geographical business …
  The article ACE Appoints Wazen as Head of North Africa appeared first on Insurance Journal.
  
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• GUARD, Eyeing Expansion, Names Hitt as Executive VP for Property/Liability

  12-08-2015 14:38
  
  Workers’ compensation insurer Berkshire Hathaway GUARD recently named Lyle Hitt  as executive vice president of Property and Liability Insurance as the company plans to expand. In his new role, Hitt will oversee activities related to lines of coverage used to …
  The article GUARD, Eyeing Expansion, Names Hitt as Executive VP for Property/Liability appeared first on Insurance Journal.
  
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• A.M. Best: Sanctions Removal to Attract Re/Insurers to Iranian Market

  12-08-2015 14:22
  
  The lifting of trade restrictions placed on Iran may present significant opportunities for the Middle East and North African (MENA) re/insurance market, with European participants also expected to re-engage and seek a foothold in the country, according to research published …
  The article A.M. Best: Sanctions Removal to Attract Re/Insurers to Iranian Market appeared first on Insurance Journal.
  
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• Study on Air Traffic Controllers’ Chronic Fatigue Kept Secret

  12-08-2015 14:19
  
  Air traffic controllers’ work schedules often lead to chronic fatigue, making them less alert and endangering the safety of the national air traffic system, according to a study the government has kept secret for nearly four years. Federal Aviation Administration …
  The article Study on Air Traffic Controllers’ Chronic Fatigue Kept Secret appeared first on Insurance Journal.
  
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• John Gray's Fade to Gray column: Insurance - The Saratogian

  12-08-2015 12:55 via saratogian.com
  
  John Gray's Fade to Gray column: Insurance
  The Saratogian
  I'm a sucker for old westerns, John Wayne, Jimmy Stewart, any of those old spaghetti ones with Clint Eastwood. One of the endearing qualities of the old west is it was easy to tell the good guys from the bad. The good guys wore white hats, the bad ...and more »
  
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• Willis Completes Acquisition of Taiwan’s Elite Risk Services

  12-08-2015 12:51
  
  Willis Group Holdings plc has announced the completion of its acquisition of Elite Risk Services Limited of Taiwan. Willis said the deal is a ”significant boost” to its market presence in Taiwan, as it “almost doubles the size of its …
  The article Willis Completes Acquisition of Taiwan’s Elite Risk Services appeared first on Insurance Journal.
  
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• Research and Markets: The Tanzanian Insurance Industry 2015 - Latest Key ... - Business Wire (press release)

  12-08-2015 12:48 via businesswire.com
  Research and Markets: The Tanzanian Insurance Industry 2015 - Latest Key ...
  Business Wire (press release)
  'Governance, Risk and Compliance - The Tanzanian Insurance Industry' report is the result of extensive research into the insurance regulatory framework in Tanzania. It provides detailed analysis of the insurance regulations for life, property, motor ...and more »
  
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• College Athlete, Temp Worker Labor Board Cases Could Redefine Employee

  12-08-2015 12:45
  
  U.S. regulators are poised to decide two closely watched cases that have the potential to reshape labor laws by allowing college football players to unionize and forcing companies to take more responsibility for contractors. The National Labor Relations Board may …
  The article College Athlete, Temp Worker Labor Board Cases Could Redefine Employee appeared first on Insurance Journal.
  
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• Wells Fargo Considers Selling Crop Insurance Unit - Insurance Journal

  12-08-2015 12:32 via insurancejournal.com
  
  TODAYonline
  Wells Fargo Considers Selling Crop Insurance Unit
  Insurance Journal
  Wells Fargo & Co may divest its crop insurance business, one of the biggest in the United States, a spokeswoman told Reuters on Tuesday, as regulatory restrictions on U.S. banks force some to reconsider underwriting insurance policies. Wells Fargo has ...
  Wells Fargo explores sale of US crop insurance businessInternational Business Times UKall 23 news articles »
  
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• Wells Fargo Considers Selling Crop Insurance Unit

  12-08-2015 12:32
  
  Wells Fargo & Co. is considering options for its crop insurance business that may include a sale amid a flurry of acquisitions in the industry. The lender is looking into “strategic options,” Katie Ellis, a spokeswoman for San Francisco-based Wells …
  The article Wells Fargo Considers Selling Crop Insurance Unit appeared first on Insurance Journal.
  
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• Best Affirms and Withdraws Ratings of PaCRe Ltd.

  12-08-2015 12:13
  
  A.M. Best has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of Bermuda-based PaCRe, Ltd., and has removed the ratings from under review with negative implications and assigned a negative outlook. Best said …
  The article Best Affirms and Withdraws Ratings of PaCRe Ltd. appeared first on Insurance Journal.
  
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• PIA of Georgia Elects New President

  12-08-2015 10:00
  
  Members of the Professional Insurance Agents of Georgia (PIA of Georgia) elected Dwight L. Taylor, to serve as president of the nation’s sixth largest affiliate at their annual meeting held in Savannah, Ga. Taylor is a partner and senior vice …
  The article PIA of Georgia Elects New President appeared first on Insurance Journal.
  
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• Insurance concerns residents in flood plain - Huntington Herald Dispatch

  12-08-2015 06:11 via herald-dispatch.com
  
  Insurance concerns residents in flood plain
  Huntington Herald Dispatch
  HUNTINGTON - It's no surprise those in Huntington who live along Four Pole Creek live in a flood plain, therefore, they are required to have flood insurance if they have a federally issued mortgage. What might come as a surprise is just how expensive ...
  
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• Nearly 90% of Americans Now Have Health Insurance - TIME

  12-08-2015 06:01 via time.com
  
  TIME
  Nearly 90% of Americans Now Have Health Insurance
  TIME
  The number of uninsured Americans has continued to decrease in 2015, according to new federal data released Wednesday. According to a new report from the U.S. Centers for Disease Control and Prevention's National Center for Health Statistics, in the ...and more »
  
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• Family Gets McGinty after airline denies trip insurance claim - WCNC

  12-08-2015 04:53 via wcnc.com
  
  WCNC
  Family Gets McGinty after airline denies trip insurance claim
  WCNC
  The trip to Orlando was supposed to be a good one for the McDonald's, no theme parks this time, just beach, and pools and relaxation. Loading… Post to Facebook. Family Gets McGinty after airline denies trip insurance claim The trip to Orlando was ...
  
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• Unicoi Co. Sheriff: deputies leaving after change in family insurance policy - WJHL

  12-08-2015 04:24 via wjhl.com
  
  WJHL
  Unicoi Co. Sheriff: deputies leaving after change in family insurance policy
  WJHL
  A Tri-Cities sheriff says a recent change in the county's family insurance policy has already lead to the resignation of one deputy. Unicoi County Sheriff Mike Hensley says at least a dozen other deputies have come forward saying they'll do the same ...
  
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• DM School Board: Insurance, not us, decided to settle - DesMoinesRegister.com

  12-08-2015 04:01 via desmoinesregister.com
  
  DesMoinesRegister.com
  DM School Board: Insurance, not us, decided to settle
  DesMoinesRegister.com
  Des Moines School Board members said Tuesday that they're ready to move forward after years of having a lawsuit from former Superintendent Nancy Sebring cast a shadow over the school district. But at least two officials, including one named in the case ...
  Insurance Company for Des Moines Public Schools Settles Nancy Sebring Lawsuitwhotv.comall 24 news articles »
  
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• ​Researchers hack a Corvette's brakes via insurance black box - CNET

  12-08-2015 03:19 via cnet.com
  
  CNET
  ​Researchers hack a Corvette's brakes via insurance black box
  CNET
  OBD-II dongles, stacked Connected OBD-II dongles like these could be the Achilles' heel that leaves a car vulnerable to hacking. Antuan Goodwin/CNET. The list of ways to electronically hijack cars is growing thanks to devices used to monitor drivers' ...
  Researchers wirelessly hack a Corvette's brakes using an insurance dongleThe Verge
  Cars can be hacked by their tiny, plug-in insurance discount track
  
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• Westport man charged with forging more than $86000 worth of insurance claims - Thehour.com

  12-08-2015 02:49 via thehour.com
  Westport man charged with forging more than $86000 worth of insurance claims
  Thehour.com
  WESTPORT -- A Westport man has been charged with allegedly using his ex-girlfriend/ex-business partner's clinical social worker license to submit more than $86,000 worth of forged insurance claims. Darrid Sharkey, 40, of 44B Roseville Road, was charged ...
  
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• Commissioners approve effective tax rate, stay with same insurance plan - Corpus Christi Caller-Times

  12-08-2015 01:58 via caller.com
  
  Corpus Christi Caller-Times
  Commissioners approve effective tax rate, stay with same insurance plan
  Corpus Christi Caller-Times
  For the first time since 2009, the Nueces County Commissioners Court accepted an effective tax rate for the 2015-16 fiscal year's budget. The effective tax rate will be about 31 cents, two cents less than the adopted rate from last year's budget. More ...
  
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• 6 Reasons Why I Have Life Insurance - Huffington Post

  12-08-2015 00:58 via huffingtonpost.com
  
  Huffington Post
  6 Reasons Why I Have Life Insurance
  Huffington Post
  Life insurance, at least to me, is like any other insurance; I like having the peace-of-mind in knowing that my family is covered in case the unthinkable happens. Here are a few reasons why I carry a whole life policy. I currently have a $250k whole ...
  
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• Glitch leaves thousands of state workers, retirees scrambling for insurance - WRAL.com

  12-08-2015 00:49 via wral.com
  
  WRAL.com
  Glitch leaves thousands of state workers, retirees scrambling for insurance
  WRAL.com
  Raleigh, N.C. — Thousands of new state employees, public school teachers and retirees have been turned away from doctor's appointments and denied prescription refills in recent weeks because of a computer problem in the State Health Plan.
  
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• The Villages Insurance Promotes Decker to Managing Advisor in Florida - Insurance Journal

  12-08-2015 00:24 via insurancejournal.com
  
  Insurance Journal
  The Villages Insurance Promotes Decker to Managing Advisor in Florida
  Insurance Journal
  The Villages Insurance promoted Shannon Decker to managing advisor from personal lines advisor at its Colony Plaza office in The Villages, Florida. Decker, a former employee of the local AAA office, has been working in the insurance industry for over ...and more »
  
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• The Villages Insurance Promotes Decker to Managing Advisor in Florida

  12-08-2015 00:06
  
  The Villages Insurance promoted Shannon Decker to managing advisor from personal lines advisor at its Colony Plaza office in The Villages, Florida. Decker, a former employee of the local AAA office, has been working in the insurance industry for over …
  The article The Villages Insurance Promotes Decker to Managing Advisor in Florida appeared first on Insurance Journal.
  
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