Insurance news

• New Hole Opens Up at Site of Fatal 2013 Florida Sinkhole

  20-08-2015 23:43
  
  Sometime after the sun came up Wednesday, a woman walking her dog past a fenced-off area in a sleepy suburban neighborhood near Tampa, Florida, heard a loud rumble. She quickly dialed 911. The earth had opened, again. By Wednesday afternoon, …
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• Berkshire Hathaway Guard Taps Martinez in California

  20-08-2015 22:03
  
  Berkshire Hathaway Guard Insurance Cos. has named Mark Martinez senior field representative. Martinez will help promote growth in Southern California. In this capacity, he is responsible for identifying prospects for appointments while providing information about available resources and new developments …
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• Federal Aid to Rhode Island for January Blizzard Tops $1M

  20-08-2015 19:00
  
  Officials say federal aid to Rhode Island to help cover costs of a January blizzard that dumped nearly 2 feet of snow in parts of the state has topped more than $1 million. The Federal Emergency Management Agency, or FEMA, …
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• Highway Contractor in Connecticut to Pay for Cars Damaged by Asphalt

  20-08-2015 18:58
  
  The Connecticut transportation department says a highway contractor will compensate motorists for damage to their cars as a result of a highway lane opened before asphalt dried. Agency spokesman Kevin Nursick says a subcontractor took responsibility for the mistake Monday …
  The article Highway Contractor in Connecticut to Pay for Cars Damaged by Asphalt appeared first on Insurance Journal.
  
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• Louisiana AG: Lawsuit Against State Farm to Be Heard in State Court

  20-08-2015 18:53
  
  A federal judge has ruled that Louisiana Attorney General James D. “Buddy” Caldwell’s lawsuit against State Farm Auto Insurance over vehicle repair tactics will be heard in Louisiana state court, where it was originally filed one year ago, the AG’s …
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• Texas Health Underwriters Warn ACA Change May Disrupt Market

  20-08-2015 18:45
  
  Federal health insurance reforms may cause a major disruption in the group insurance market, according to the Texas Association of Health Underwriters, a professional association of insurance agents and brokers who focus on health insurance and employee benefits. For many …
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• Florida’s Brightway Insurance Hires Azar as VP of Customer Experience

  20-08-2015 18:42
  
  The Jacksonville, Florida-based Brightway Insurance hired Kristine Azar as vice president of customer experience. Azar is responsible for Brightway’s customer experience strategies and execution through the company’s service center in Jacksonville. The center handles the service needs of more than …
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• Assessment of Storm Damage in 29 Indiana Counties Begins

  20-08-2015 18:42
  
  Federal, state and local officials have begun assessing the damage from severe storms and flooding in 29 Indiana counties between June 7 and July 29. The Indiana Department of Homeland Security said the preliminary damage assessments that began Tuesday morning …
  The article Assessment of Storm Damage in 29 Indiana Counties Begins appeared first on Insurance Journal.
  
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• Meadowbrook Insurance Acquires Mackinaw Administrators

  20-08-2015 18:40
  
  Meadowbrook Insurance Group Inc., based in Southfield, Mich., has acquired Mackinaw Administrators LLC (Mackinaw). Founded in 1995, Mackinaw is a Michigan-based program and claims administrator that provides tailored insurance and risk management programs and other related services for both group …
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• USG Unit Acquires Certain Program Renewal Rights From US Assure in Florida

  20-08-2015 18:30
  
  Allied American Underwriters, a subsidiary of USG Insurance Services Inc., announced that it acquired the renewal rights on several books of business from Jacksonville, Florida-based US Assure. The terms of the acquisition were not disclosed, but included their Commercial Storage …
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• Cook Maran & Associates in New York Announces Promotions

  20-08-2015 18:29
  
  Cook Maran & Associates, an insurance broker with offices in East Hampton, Southampton and Melville, New York, as well as in Marlton and Fair Lawn, New Jersey, promoted four staff members to vice president and two staff members to assistant …
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• Ping An Profit Jumps 62% in 1st Half on Investment Returns

  20-08-2015 17:50
  
  Ping An Insurance (Group) Co., China’s second-largest insurer, said profit jumped 62 percent in the first half of this year as a stock-market rally boosted investment returns. Net income rose to 34.6 billion yuan ($5.42 billion) in the period from 21.4 billion …
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• At Least 36 Homes Destroyed by Oregon Wildfire

  20-08-2015 17:41
  
  The Grant County Sheriff’s Office says at least 36 homes have been destroyed by an Eastern Oregon wildfire, 10 more than previously reported. Gov. Kate Brown met Wednesday with victims of the fire near John Day and visited the command …
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• California WCIRB Proposes Premium 7.8% Below 2015 Average

  20-08-2015 17:38
  
  The Workers’ Compensation Insurance Rating Bureau has submitted its Jan. 1, 2016 pure premium rate filing to the California Department of Insurance proposing advisory pure premium rates that average $2.45 per $100 of payroll. That WCIRB figure is 7.8 percent …
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• Danny Turns Into Hurricane, Atlantic Season’s First

  20-08-2015 17:31
  
  Danny became the first hurricane of the Atlantic season as its top winds grew to 75 miles per hour in the seas east of the Windward Islands. The Category 1 storm, about 1,090 miles (1,754 kilometers) from the islands, which …
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• California Prosecutors Say Uber Screening Missed Ex-Convicts

  20-08-2015 17:27
  
  Uber Technologies Inc.’s criminal background checks for drivers failed to prevent it from hiring registered sex offenders, identity thieves, burglars, a kidnapper and a convicted murderer, California prosecutors said. The district attorneys of San Francisco and Los Angeles escalated their …
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• Car-Swallowing Sinkhole Fixed but Not Forgotten at Kentucky Corvette Museum

  20-08-2015 17:25
  
  The car-swallowing hole has been fixed but not forgotten at the National Corvette Museum in Kentucky. Yellow tape now marks the boundaries of the cavity that became a sensation and put the museum on the map. And instead of a …
  The article Car-Swallowing Sinkhole Fixed but Not Forgotten at Kentucky Corvette Museum appeared first on Insurance Journal.
  
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• N.Y.’s ‘Annoyance Lawyer’ Sues Uber Over Anti-De Blasio Robocall Campaign

  20-08-2015 17:08
  
  An attorney who calls himself the “Annoyance Lawyer” sued Uber Technologies Inc. over its robocall campaign attacking New York Mayor Bill de Blasio over his proposal to limit the number of drivers. Todd C. Bank sued on behalf of recipients …
  The article N.Y.’s ‘Annoyance Lawyer’ Sues Uber Over Anti-De Blasio Robocall Campaign appeared first on Insurance Journal.
  
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• ACE Commercial Expands Small Business Specialty Offerings Online

  20-08-2015 14:04
  
  ACE Commercial Risk Services (ACE CRS) announced several new products that expand its suite of specialty commercial products for small businesses. The products are available through ACE Solutions Fast Track, an online small business underwriting and quoting platform. The new products and …
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• New U.S. Satellite Aims to Unlock Mysteries of Hurricanes

  20-08-2015 13:47
  
  Hurricanes hold lots of secrets. Unlocking them can help forecasters predict the next steps the deadly storms will take. That, in turn, will help improve computer forecast models and give meteorologists a better understanding of each system. As the forecasting …
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• Lawsuit Presses Costco Liability for Thailand Fishing’s Slave Labor

  20-08-2015 13:40
  
  Costco Wholesale Corp. was sued for selling farmed shrimp from Thailand, where slave labor and human trafficking in the fishing industry are widespread, and allegedly misleading U.S. consumers about it. A California woman filed what may be the first such …
  The article Lawsuit Presses Costco Liability for Thailand Fishing’s Slave Labor appeared first on Insurance Journal.
  
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• A.M. Places 2 Chinese Insurers’ Ratings Under Review After Tianjin Blast

  20-08-2015 11:43
  
  As a result of losses resulting from the recent explosions at Tianjin port, A.M. Best has placed under review with negative implications the financial strength rating of two Chinese insurers, which have large exposures to the losses of their motor vehicle …
  The article A.M. Places 2 Chinese Insurers’ Ratings Under Review After Tianjin Blast appeared first on Insurance Journal.
  
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• A.M. Best Places 2 Chinese Insurers’ Ratings Under Review After Tianjin Blast

  20-08-2015 11:43
  
  As a result of losses resulting from the recent explosions at Tianjin port, A.M. Best has placed under review with negative implications the financial strength rating of two Chinese insurers, which have large exposures to the losses of their motor vehicle …
  The article A.M. Best Places 2 Chinese Insurers’ Ratings Under Review After Tianjin Blast appeared first on Insurance Journal.
  
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• Drone Growth Threatened by Cyber, Human Error, Privacy Concerns: Lloyd’s Report

  20-08-2015 11:40
  
  “Cyber-attacks, reckless pilots and privacy breaches are fundamental threats to the drone industry.” That’s the overall conclusion of a new report published by Lloyd’s, entitled “Drones Take Flight.” The report describes the “drones sector” as a”dynamic and important component of …
  The article Drone Growth Threatened by Cyber, Human Error, Privacy Concerns: Lloyd’s Report appeared first on Insurance Journal.
  
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• Willis Completes Acquisition of Australia’s CKA Risk Solutions

  20-08-2015 11:33
  
  Willis Australia, part of Willis Group Holdings plc, announced the completion of its acquisition of CKA Risk Solutions. The announcement noted that “CKA is a leading independent broker based in Perth with a strong focus on medium to large-sized corporates, …
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• Texas’ TCOR Management Forms New Agency, TIA-TCOR

  20-08-2015 02:24
  
  TCOR Management, based in New Braunfels, Texas, announced it has formed a new insurance agency, TIA-TCOR LLC, dba Texas Insurance Agency. With Ben Reedy as principal, San Antonio-based TIA-TCOR provides insurance, risk management, surety and employee benefits to organizations across …
  The article Texas’ TCOR Management Forms New Agency, TIA-TCOR appeared first on Insurance Journal.
  
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• Illinois Agencies AAdvantage Insurance, Premier Insurance Merge

  20-08-2015 02:21
  
  AAdvantage Insurance Group in Glen Carbon, Ill., led by founder Dave Viox, recently announced a merger with Premier Insurance Associates located in Edwardsville, Ill. Vince and Deb Valesano, former owners of Premier Insurance Associates, will also join AAdvantage Insurance Group. …
  The article Illinois Agencies AAdvantage Insurance, Premier Insurance Merge appeared first on Insurance Journal.
  
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• Uber Headache if More Drivers Want Full-Time Status

  20-08-2015 00:35
  
  Thousands of new full-time workers would spring into existence if Uber is forced to stop treating some of its drivers like contract workers, and the benefits that come with that employee status may entice part-time rideshare drivers to beef up their …
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