Insurance news

• Tennessee Teen Says Siri Called Emergency Dispatchers and Saved His Life

  21-08-2015 21:42
  
  A Middle Tennessee teen is alive, thanks to Siri. Eighteen-year-old Sam Ray of Waterhill, Tennessee, says the voice recognition service on his iPhone — famously named Siri — called emergency dispatchers after his truck fell on him while he tried …
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• 3 Georgia Residents Charged With Insurance Fraud

  21-08-2015 21:40
  
  Georgia Insurance Commissioner Ralph Hudgens’ office issued a warrant last week for three Treutlen County residents on charges related to insurance fraud. Theresa Dyer, 59, was charged with one count of insurance fraud. John David Dyer, 33, and Ronald William …
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• Michigan’s PIP Maximum Work Loss Benefit Rises Slightly

  21-08-2015 19:29
  
  The maximum work loss benefit payable under policies of personal protection insurance in Michigan will rise very slightly for the year beginning Oct. 1, the Michigan Department of Insurance and Financial Services announced. In Bulletin 2015-20-INS, DIFS Director Patrick M. …
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• NCCI Proposes Decrease to Florida Workers’ Comp Rates

  21-08-2015 18:58
  
  The Florida Office of Insurance Regulation said today that it has received the 2016 Florida workers’ compensation rate filing by the National Council on Compensation Insurance (NCCI), which proposes a statewide average premium decrease of 2.2 percent. This includes a …
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• Hardy Named an Assistant Director at Ohio Department of Insurance

  21-08-2015 18:50
  
  Lieutenant Governor Mary Taylor has named Andy Hardy as the assistant director of legislative affairs and communications for the Ohio Department of Insurance. Prior to joining the Ohio Department of Insurance, Hardy was the director of public affairs for Finance Fund. …
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• Texas Adds 31,400 Jobs in July

  21-08-2015 18:46
  
  Texas added jobs for the fourth consecutive month with the addition of 31,400 seasonally adjusted nonagricultural jobs in July, Texas Workforce Commission (TWC) announced. The state has added jobs in 57 of the last 58 months. Texas’ seasonally adjusted unemployment …
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• Lawsuits Against Neurosurgery Chief at WVU Settled for $1.3M

  21-08-2015 18:42
  
  Three West Virginia University entities agreed to pay a total of $1.3 million to settle sexual harassment lawsuits against the school’s neurosurgery chairman. Settlement documents obtained by The Dominion Post through a Freedom of Information Act request show the WVU …
  The article Lawsuits Against Neurosurgery Chief at WVU Settled for $1.3M appeared first on Insurance Journal.
  
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• ‘Tiny’ Hurricane Danny Expected to Weaken

  21-08-2015 18:39
  
  Tiny Hurricane Danny strengthened on its path across the Atlantic and may reach the Leeward Islands sometime Monday. With top winds of 105 miles (169 kilometers) per hour, Danny is now a Category 2 storm on the five-step Saffir-Simpson scale, …
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• Underwriters Sue Over Greenbrier Classic’s Hole-in-One Jackpot in W.Va.

  21-08-2015 18:33
  
  Insurance underwriters claim they shouldn’t be responsible for payouts to golf fans for two holes-in-one made during the PGA Tour’s Greenbrier Classic in White Sulphur Springs, West Virginia, because the shots weren’t long enough. The Charleston Gazette-Mail reports the tournament’s …
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• 8 Ways Katrina Changed Commercial Property Insurance

  21-08-2015 18:18
  
  Hurricane Katrina, which devastated New Orleans 10 years ago, is responsible for a number of changes in the commercial property insurance market. According to Rick Miller, U.S. property practice leader at Aon Risk Solutions, Katrina’s impact can be seen in …
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• Illinois Contractor May Face Criminal Charges for Asbestos Exposure

  21-08-2015 18:17
  
  A southern Illinois contractor whose companies were fined nearly $2 million for federal workplace safety violations involving asbestos exposure could face a criminal inquiry. The U.S. Occupational Safety and Health Administration fined Joseph Kehrer of Albers, Kehrer Brothers Construction and …
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• Hands-Free Law Urged for Massachusetts Drivers

  21-08-2015 18:15
  
  Welcome to Massachusetts signs can mean more to drivers than just crossing a state line. For some, they also signal that it’s OK to pick up their cellphones, punch in a phone number and make a call. That’s because all …
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• Texas Refinery, Tank Fires in Blamed on Lightning Strikes

  21-08-2015 18:14
  
  Lightning strikes have been blamed for a refinery fire near Houston and an oil storage tank blaze along the Gulf of Mexico. Emergency responders say nobody was hurt in either fire Thursday as storms rolled through parts of Texas. CenterPoint …
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• Jury Convicts N.Y. Man Accused of Killing Fiancee for Life Insurance

  21-08-2015 17:50
  
  A western New York man accused of killing his fiancee to collect on her life insurance is headed to prison on a fraud conviction. U.S. Attorney William Hochul says it’s believed to be the first time his office has used …
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• Maryland’s Chesapeake Employers Promotes Johnson to Director

  21-08-2015 17:28
  
  Chesapeake Employers’ Insurance Company, the largest writer of workers’ compensation insurance in Maryland, promoted Tammy Johnson to director of the Strategic Business Unit. In this position, Johnson and the SBU team are responsible for providing a high level of customer …
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• Liberty Mutual Promotes Lankford to VP for Metro New York Region

  21-08-2015 17:19
  
  Liberty Mutual Insurance promoted Nikki Lankford to vice president for the Metro New York region within the company’s Business Insurance operation. Lankford will be based in New York City and responsible for the profitable growth of small to mid-market business …
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• 11,000 Firefighters on Front Lines in California Blazes

  21-08-2015 17:14
  
  A large blaze burning for nearly three weeks in a recreation area outside Kings Canyon National Park has scorched more than 50 square miles and the flames were moving toward a popular lake, officials said Thursday. More than 1,000 firefighters were …
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• New ‘Superbug’ Linked to Scope Found at California Hospital

  21-08-2015 17:12
  
  A Los Angeles-area hospital said that some of its patients contracted an antibiotic-resistant “superbug” that has been linked to a type of medical scope and infected dozens of people around the country. Huntington Memorial Hospital said in a statement Wednesday …
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• Beyond Katrina: Lessons in Mitigation, Insurance and Community

  21-08-2015 17:00
  
  Among the lessons to be learned from Hurricane Katrina are that communities and all stakeholders should prioritize flooding as the greatest risk, devote more resources to preventive measures rather than post-event disaster relief, and address current infrastructure weaknesses, according to …
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• Uber Bookings on Pace to Triple This Year, Investor Report Shows

  21-08-2015 14:17
  
  Uber Technologies Inc’s global bookings are projected to rise nearly threefold to $10.84 billion this year and reach $26.12 billion the next, according to a recent presentation for potential investors seen by Reuters. The ride-hailing service, which operates in over …
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• Uber Bookings on Pace to Pass $10B This Year, Investor Report Shows

  21-08-2015 14:17
  
  Uber Technologies Inc’s global bookings are projected to rise nearly threefold to $10.84 billion this year and reach $26.12 billion the next, according to a recent presentation for potential investors seen by Reuters. The ride-hailing service, which operates in over …
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• John Steinbeck, Boeing Drone, Jimi Hendrix, Ford Car: Intellectual Property News

  21-08-2015 13:59
  
  Rightscorp Inc., the company that identifies infringers to copyright holders, said in a company filing that it now has contracts covering about 208,000 copyrights. That’s more than twice the 100,000 copyrights the Santa Monica, California-based company had under contract in …
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• LifeInsurance.sucks, NewYork.sucks, Dyson.sucks: Tales from the Feared Domain

  21-08-2015 13:52
  
  The launch of the “.sucks” domain back in March sent a wave of panic through company public relations teams. The idea that someone could tarnish a brand name by cyber- squatting on, say, Vodafone.sucks, ManchesterUnited.sucks or LloydsBank.sucks led to a flurry of registrations …
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• FBD Shows How to Lose Money, Even During Ireland’s Economic Recovery

  21-08-2015 11:48
  
  Usually, economic recovery helps companies. Not so FBD Holdings plc. FBD, Ireland’s only publicly traded insurer, will publish first-half earnings in Dublin on Aug. 24, with analysts waiting to see whether the increasing claims linked to accelerating economic activity it …
  The article FBD Shows How to Lose Money, Even During Ireland’s Economic Recovery appeared first on Insurance Journal.
  
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• Cobalt Becomes Insurer of Preference for Major UK Infrastructure Project

  21-08-2015 11:35
  
  Shariah-compliant managing general agent Cobalt Underwriting has been selected as the insurer of preference for the proposed London Paramount Entertainment Resort in Kent, England. Valued at £3 billion ($4.6 billion), the Paramount Studios-backed project is set to transform the Swanscombe …
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• Pakistan Plan for $46B Economic Corridor with China Set to Boost Insurers

  21-08-2015 11:17
  
  Pakistan Prime Minister Nawaz Sharif’s $46 billion plan for an economic corridor with neighboring China as part of his revival push is promising to boost the prospects of the nation’s insurers. Adamjee Insurance Co. and Jubilee General Insurance Co., which control about 35 percent …
  The article Pakistan Plan for $46B Economic Corridor with China Set to Boost Insurers appeared first on Insurance Journal.
  
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• Insurers Unlikely to Be Impaired by Claims From Tianjin Port Explosion: S&P

  21-08-2015 09:42
  
  Insurers are unlikely to be impaired by the loss claims from the explosions in the Chinese Port of Tianjin last week, according to a report from Standard & Poor’s. “Based on our initial investigation, we expect most of the affected …
  The article Insurers Unlikely to Be Impaired by Claims From Tianjin Port Explosion: S&P appeared first on Insurance Journal.
  
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• EU Seeking to Cut Minimum Risk Weighting on Simple Securitizations

  21-08-2015 08:33
  
  The European Commission is seeking to cut the minimum risk weight on securitizations that qualify as simple and transparent to 10 percent to help jump-start the bloc’s capital markets. The 5 percentage-point reduction in the risk weighting for securities backed …
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• Missouri-Based Graves Insurance Adds Cannon, Promotes Hurst

  21-08-2015 07:24
  
  Graves Insurance, based in Kirkwood, Mo., hired Allie Cannon as personal lines account manager and promoted Amanda Hurst to commercial account manager. Cannon’s responsibilities include assisting producers in generating new business, as well as serving specific clientele and prospects. She …
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• Lawsuit Relief Needed for TWIA Depopulation Plan to Work: Lawmakers

  21-08-2015 07:07
  
  A new law that becomes effective Sept. 1 in Texas will give the state’s property insurer of last resort for wind and hail along the coast more leeway in a plan to reduce its overall exposure by incenting private insurers to …
  The article Lawsuit Relief Needed for TWIA Depopulation Plan to Work: Lawmakers appeared first on Insurance Journal.
  
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• Crystal & Co. Names Drew Managing Director in California

  21-08-2015 01:44
  
  Peggy Drew has joined Crystal & Co.’s commercial property/casualty department as managing director. Drew will also serve as the team leader for the firm’s Los Angeles, Calif. office. Her responsibilities include the development, administration and execution of account service strategies …
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