Insurance news

• Hacked Adulterers’ Website Faces Reputation Risk; 36M Users Fear Being Outed

  19-08-2015 21:00
  
  Hackers claiming to have stolen data from AshleyMadison.com, a website that facilitates hook-ups between would-be adulterers, have released information they say includes details of more than 36 million user accounts. The data dump appears to be “legit” and includes full …
  The article Hacked Adulterers’ Website Faces Reputation Risk; 36M Users Fear Being Outed appeared first on Insurance Journal.
  
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• Port of Tianjin Blast Highlights Growth of Accumulation Risks: IUMI

  19-08-2015 19:05
  
  The explosions that recently devastated the Port of Tianjin highlight the danger of accumulation risks – when a single event causes an exceptionally large group of related losses, said the International Union of Marine Insurance (IUMI). IUMI President Dieter Berg …
  The article Port of Tianjin Blast Highlights Growth of Accumulation Risks: IUMI appeared first on Insurance Journal.
  
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• Maine Highlights New State Law to Protect Rideshare Drivers, Passengers

  19-08-2015 18:45
  
  Maine Insurance Superintendent Eric Cioppa is highlighting a new Maine law, the Transportation Network Company Insurance Act, emphasizing that it will help to protect passengers, pedestrians and other motorists from losses in accidents involving Transportation Network Company (TNC) drivers. The …
  The article Maine Highlights New State Law to Protect Rideshare Drivers, Passengers appeared first on Insurance Journal.
  
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• Wisconsin Company to Pay $120K in Sexual Harassment Case

  19-08-2015 18:37
  
  Janesville, Wis.-based Hufcor Inc., which manufactures operable and accordion partitions, will pay $120,000 and furnish other relief under a consent decree entered in a sexual harassment and retaliation lawsuit brought by the U.S. Equal Employment Opportunity Commission (EEOC), the agency …
  The article Wisconsin Company to Pay $120K in Sexual Harassment Case appeared first on Insurance Journal.
  
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• Audit: Damage, Thefts Cost Baton Rouge More than $100K in 2014

  19-08-2015 18:29
  
  An audit report on the East Baton Rouge Parish Metro Council shows there was more than $100,000 in thefts and damage to the city in 2014, mostly from employees. The audit, released by the Legislative Auditor’s Office, revealed Department of …
  The article Audit: Damage, Thefts Cost Baton Rouge More than $100K in 2014 appeared first on Insurance Journal.
  
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• Nebraska Jogger Who Sued City over Uneven Sidewalk Loses

  19-08-2015 18:27
  
  A jogger who blamed Lincoln, Neb., officials after falling on an uneven sidewalk has lost her lawsuit against the city. The Lincoln Journal Star reports Lancaster County District Judge Andrew Jacobsen dismissed the lawsuit Dawn Amory filed. Amory had been …
  The article Nebraska Jogger Who Sued City over Uneven Sidewalk Loses appeared first on Insurance Journal.
  
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• Walker’s Proposed Health Insurance Plan Features Tax Credits

  19-08-2015 18:25
  
  Republican presidential candidate and Wisconsin Gov. Scott Walker’s plan for replacing President Barack Obama’s health care law would extend refundable tax credits to help pay for private health insurance based on age instead of income, restructure Medicaid and allow people …
  The article Walker’s Proposed Health Insurance Plan Features Tax Credits appeared first on Insurance Journal.
  
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• EPIC Hires Baldauf as Broker in Connecticut

  19-08-2015 18:24
  
  EPIC Insurance Brokers and Consultants, a retail property, casualty and employee benefits brokerage and consultant based in San Francisco, hired Bob Baldauf as a property & casualty insurance broker/producer for EPIC’s Risk Solutions team in Stamford, Connecticut. Baldauf will be …
  The article EPIC Hires Baldauf as Broker in Connecticut appeared first on Insurance Journal.
  
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• Sakulenzki Joins Texas-Based Higginbotham as Local Benefits Broker

  19-08-2015 18:20
  
  Texas-based independent insurance firm Higginbotham has hired Jonathan Sakulenzki as an employee benefits producer in McAllen, Texas. Sakulenzki joins the McAllen office’s two commercial property/casualty insurance producers to provide local area clients with group health and welfare plans, previously available …
  The article Sakulenzki Joins Texas-Based Higginbotham as Local Benefits Broker appeared first on Insurance Journal.
  
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• Texas Extends Deadline in Windstorm Insurance Board Search

  19-08-2015 18:15
  
  The Texas Department of Insurance is extending its deadline for accepting applications for the Texas Windstorm Insurance Association board to September 1. The original deadline for applications was Aug. 15. The board is being revamped as a result of the …
  The article Texas Extends Deadline in Windstorm Insurance Board Search appeared first on Insurance Journal.
  
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• New York Comptroller Says State’s Home Foreclosure Crisis Persists

  19-08-2015 18:08
  
  The foreclosure crisis persists in New York, even worsening in some suburban and upstate areas, the state comptroller reported Monday. Filings against homeowners unable to make mortgage payments spiked after the housing bubble burst in the 2008-2009 recession, according to …
  The article New York Comptroller Says State’s Home Foreclosure Crisis Persists appeared first on Insurance Journal.
  
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• Ireland’s FBD Could Sell as Much as $83M of Debt to Meet Solvency II Rules

  19-08-2015 18:08
  
  FBD Holdings plc may seek to sell as much as 75 million euros ($83 million) of subordinated debt to ensure it meets new solvency rules, Darren McKinley, an analyst at Merrion Capital said. Insurance company FBD may need a capital injection …
  The article Ireland’s FBD Could Sell as Much as $83M of Debt to Meet Solvency II Rules appeared first on Insurance Journal.
  
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• NCCI Seeks Workers’ Comp Loss Costs Increase in Virginia

  19-08-2015 17:49
  
  The National Council on Compensation Insurance (NCCI ) recently delivered a workers’ compensation loss cost filing to the Virginia State Corporation Commission (SCC). Based on its review of the most recently available data, NCCI proposed in its July 17 filing …
  The article NCCI Seeks Workers’ Comp Loss Costs Increase in Virginia appeared first on Insurance Journal.
  
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• Florida Man Gets 6 Years for Staging Car Crashes, Filing False Claims

  19-08-2015 17:41
  
  A 50-year-old Jacksonville, Florida, man has been sentenced to six years in prison for staging car crashes. The Florida Attorney’s Office announced Monday that Guillermo de la Vega pleaded guilty earlier this month to two counts of participating in an …
  The article Florida Man Gets 6 Years for Staging Car Crashes, Filing False Claims appeared first on Insurance Journal.
  
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• Oregon Crews Continue Fight With Home-Destroying Fire

  19-08-2015 17:27
  
  Crews fighting a wildfire near John Day, Ore., spent Tuesday trying to strengthen control lines to protect further damage to homes. The lightning-sparked blaze on the Malheur National Forest has grown to 63 square miles and ruined at least 26 …
  The article Oregon Crews Continue Fight With Home-Destroying Fire appeared first on Insurance Journal.
  
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• Montana Medical Marijuana Industry Grows Despite Restrictions

  19-08-2015 17:25
  
  Montana’s medical marijuana industry is growing despite an ongoing legal battle over a regulatory law. The Missoulian reported Senate Bill 432 was passed in 2011 in response to so-called cannabis caravans that traveled the state with a doctor who met …
  The article Montana Medical Marijuana Industry Grows Despite Restrictions appeared first on Insurance Journal.
  
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• Serving Cart at Heart of Hawaii Couple’s Suit against United Airlines

  19-08-2015 17:23
  
  A Hawaii couple is suing United Airlines, claiming a fallen serving cart caused $75,000 in damages. Peter and Misty Tampon filed a federal lawsuit last week against the airline, according to KHON-TV. The pair claims that during an August 2013 flight …
  The article Serving Cart at Heart of Hawaii Couple’s Suit against United Airlines appeared first on Insurance Journal.
  
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• California Regulators Consider Investigation of PG&E Safety Culture

  19-08-2015 17:19
  
  California utility regulators are considering an investigation into the safety culture and governance of PG&E Corp., citing persistent lapses in company oversight. If approved, the California Public Utilities Commission would investigate the “organizational culture, governance and operations” at PG&E to …
  The article California Regulators Consider Investigation of PG&E Safety Culture appeared first on Insurance Journal.
  
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• Everest Re Names Germano, Morelli to U.S. Specialty Casualty Posts

  19-08-2015 17:09
  
  Everest Re Group, Ltd. announced two leadership appointments to its U.S. Insurance Specialty Casualty Operation. Connie Germano has been appointed leader of the U.S. Specialty Casualty Operation, responsible for the continued build out of Everest National’s primary casualty, umbrella /excess, …
  The article Everest Re Names Germano, Morelli to U.S. Specialty Casualty Posts appeared first on Insurance Journal.
  
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• Study: In 1st Year, 2 Florida Laws Reduced Amount of Opioids Prescribed

  19-08-2015 16:59
  
  Two Florida laws, enacted to fight prescription drug abuse and misuse in that state, led to a small but significant decrease in the amount of opioids prescribed the first year the laws were in place, a new study suggests. According …
  The article Study: In 1st Year, 2 Florida Laws Reduced Amount of Opioids Prescribed appeared first on Insurance Journal.
  
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• 10 Years After Katrina, Coastal Cities Face Greater Flood Risk: RMS

  19-08-2015 16:34
  
  A decade after Hurricane Katrina caused $41 billion in property/casualty insurance losses, the most expensive catastrophe for the global insurance industry, rising sea levels are driving up expected economic and insurance losses from hurricane-driven storm surge in coastal cities across …
  The article 10 Years After Katrina, Coastal Cities Face Greater Flood Risk: RMS appeared first on Insurance Journal.
  
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• Willis Appoints Clarke CEEMEA Region Construction Industry Leader

  19-08-2015 15:57
  
  Willis Group Holdings plc has appointed Charles Clarke as Regional Leader of Construction in the Central and Eastern Europe, Middle East and Africa (CEEMEA) region. He will draw on “Willis’s in-depth global industry knowledge and analytical tools to develop its …
  The article Willis Appoints Clarke CEEMEA Region Construction Industry Leader appeared first on Insurance Journal.
  
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• ILS Puts Reinsurance Market on a New Course: Twelve Capital’s Butler Explains How

  19-08-2015 15:34
  
  Zurich-based Twelve Capital is only five years old, but it, along with similar companies, has already fundamentally altered the reinsurance industry. It’s taken a remarkably short period of time for “alternative capital” to morph into “insurance linked securities (ILS),” and …
  The article ILS Puts Reinsurance Market on a New Course: Twelve Capital’s Butler Explains How appeared first on Insurance Journal.
  
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• Corporate Advertisers’ Group Offers Patent Troll Insurance

  19-08-2015 15:24
  
  The Association of National Advertisers has launched an insurance program to protect marketers against the expense of Patent Assertion Entities (PAEs), often known as “patent trolls.” Companies can face millions of dollars in legal fees to defend against patent infringement …
  The article Corporate Advertisers’ Group Offers Patent Troll Insurance appeared first on Insurance Journal.
  
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• Tropical Storm Danny to Become Hurricane? Maybe, Maybe Not

  19-08-2015 14:32
  
  A storm-free August in the Atlantic was probably too much to ask for. Tropical Storm Danny formed out of a cluster of thunderstorms Tuesday about 1,600 miles (2,600 kilometers) east of the Windward Islands. There’s even a chance it could …
  The article Tropical Storm Danny to Become Hurricane? Maybe, Maybe Not appeared first on Insurance Journal.
  
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• FDA Warns Medical Device Makers on Superbugs

  19-08-2015 14:07
  
  The Food and Drug Administration sent warning letters last week to three medical device manufacturers whose endoscopes have been blamed for spreading deadly bacteria. This is the agency’s strongest regulatory action yet since outbreaks in Los Angeles, Seattle, and elsewhere …
  The article FDA Warns Medical Device Makers on Superbugs appeared first on Insurance Journal.
  
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• Target Agrees to Settle Data Breach Claims with Visa

  19-08-2015 13:56
  
  Target Corp. said it has reached an agreement with Visa Inc. card issuers to reimburse up to $67 million in costs related to a data breach at the retailer in 2013, according to a source familiar with the matter. The …
  The article Target Agrees to Settle Data Breach Claims with Visa appeared first on Insurance Journal.
  
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• S&P: ILS Investors Could Get Burned as Covered Perils Expand, Terms Widen

  19-08-2015 13:51
  
  The catastrophe bond market will continue to grow by 10 to 20 percent per year, driven in part by the increase in covered perils and the broadening of event definitions, according to a report published by Standard & Poor’s. But …
  The article S&P: ILS Investors Could Get Burned as Covered Perils Expand, Terms Widen appeared first on Insurance Journal.
  
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• AIG Exits Plane Leasing Business with $500M Sale of AerCap Stock

  19-08-2015 13:50
  
  American International Group Inc. said it raised net proceeds of about $500 million selling stock of AerCap Holdings NV as the insurer completed its departure from the airplane-leasing business. The sale of 10.7 million shares ends AIG’s stake in AerCap, …
  The article AIG Exits Plane Leasing Business with $500M Sale of AerCap Stock appeared first on Insurance Journal.
  
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• Progressive Insurance CEO on 5 Macro Trends of Note

  19-08-2015 07:10
  
  By his own admission Progressive Insurance CEO Glenn Renwick (and his company) may not be right about the impact certain macro trends will have on the insurance industry, but in his view “it’s important to have some views.” Addressing an …
  The article Progressive Insurance CEO on 5 Macro Trends of Note appeared first on Insurance Journal.
  
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• State approves health insurance rate hikes - Detroit Free Press

  19-08-2015 01:33
  Detroit Free Press
  State approves health insurance rate hikes
  Detroit Free Press
  Some Michiganders who buy health insurance on the individual market will face double-digit rate hikes next year under rate changes approved by state regulators. Citing the high costs of specialty drugs as well as pent-up demand among the newly insured, ...
  Michigan agency: Health insurance to rise 6.5% in 2016The Detroit News
  State Insurance Agency Claims Health Insurance Rate Increases Here Lower Than ...WTVB
  

• Take out more insurance on your future - MarketWatch

  19-08-2015 00:05
  Take out more insurance on your future
  MarketWatch
  It is always a small pleasure to recommend upgrading the equity portfolios not only with sector funds which have intermediate-term positive momentum, but also short-term positive momentum. It is discouraging, however, to continue to see that the ...
  

• Clarksville council passes on Sister Cities Initiative insurance - Newsandtribune

  19-08-2015 00:02
  Newsandtribune
  Clarksville council passes on Sister Cities Initiative insurance
  Newsandtribune
  CLARKSVILLE — A proposal for an insurance policy that would protect the Clarksville Sister Cities Initiative board members and the town failed after nearly an hour of discussion at Monday's Clarksville Town Council meeting. The initiative operates as ...
  

• King Insurance in California Names Fondarella Vice President

  19-08-2015 00:00
  
  King Insurance in California has named Laura Fondarella vice president of marketing and product development. Fondarella has been involved in the development and merchandising of various personal lines and commercial niche products serving the homeowners, mobilehome park and professional liability …
  The article King Insurance in California Names Fondarella Vice President appeared first on Insurance Journal.
  
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