Insurance news

• How to Know What Insurance Customers Want

  25-08-2015 21:10
  
  What do today’s customers want from insurance providers? They want understanding, interaction, even a relationship. But they vary in when and how they wish to learn, interact and build a relationship. Insurance providers have to understand not only when but …
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• Update: Hurricane Center Keeping Eye on Tropical Storm Erika

  25-08-2015 19:24
  
  A “Hurricane Hunter” reconnaissance plane headed out Tuesday to investigate Tropical Storm Erika, a disorganized system on a path yet to be pinned down. Erika touched off tropical storm watches on some of the Leeward Islands, which are about 730 …
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• Association of National Advertisers Launches Patent Troll Insurance

  25-08-2015 18:59
  
  The ANA (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.” PAEs are firms with the sole business purpose of launching patent claims against …
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• Massachusetts Officials Continue Fight Against Opiate Epidemic

  25-08-2015 18:58
  
  In the past six months alone, Kevin MacLean of Fitchburg, Massachusetts, has seen more drug-overdose deaths on the streets than he did in the previous five years. “In 2015, we’re going to be shocked by the numbers,” said MacLean, who …
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• Lodge Joins Roach Howard Smith & Barton as AVP

  25-08-2015 18:54
  
  Lynn Lodge joined Texas-based independent insurance brokerage firm Roach Howard Smith & Barton as assistant vice president of Employee Benefits. In her role as account executive for the Employee Benefits department, she is responsible for supporting new business production through …
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• 11 Georgia Residents Charged With Staging Car Accidents

  25-08-2015 18:52
  
  On August 24, investigators from Georgia Insurance Commissioner Ralph Hudgens’ Fraud division, with assistance from Bibb County Sherriff David Davis and his deputies, arrested six Macon, Ga., residents on charges of insurance fraud. Five more Bibb County residents have outstanding …
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• Treend Named Executive VP at Britton Gallagher

  25-08-2015 18:49
  
  Privately owned insurance brokerage Britton Gallagher, based in Cleveland, Ohio, has tapped Eric Treend to serve as executive vice president of its expanding Recreation & Attractions Division. To support the expansion, Britton Gallagher has added staff to the division including …
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• Florida Foreclosure Filings Spiked in July

  25-08-2015 18:48
  
  After almost a year of month-to-month declines, new foreclosure starts in Florida rose in July. The research firm Realty Trac reported last week that foreclosure starts increased 16 percent in July from the previous July. Florida had the nation’s highest …
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• Target Corp. to Pay $2.8M to Settle Hiring Discrimination Case

  25-08-2015 18:46
  
  Target Corp. has agreed to pay $2.8 million to settle a hiring discrimination claim filed by the U.S. Equal Employment Opportunity Commission. The EEOC says three employment assessments formerly used by the Minneapolis-based retailer disproportionately screened out applicants for professional …
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• Michigan’s New ‘Smart’ Roads May ‘Talk’ to Vehicles

  25-08-2015 18:44
  
  Highway officials are beginning to install sensors and cameras on roads near Detroit that will be able to provide construction, traffic and weather updates to motorists. The Michigan Department of Transportation recently installed the system along 20 miles of Interstate …
  The article Michigan’s New ‘Smart’ Roads May ‘Talk’ to Vehicles appeared first on Insurance Journal.
  
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• PURE Insurance Expands Southeast Regional Hub in South Carolina

  25-08-2015 18:43
  
  Privilege Underwriters Reciprocal Exchange (PURE), the policyholder-owned property and casualty insurer of high net worth individuals and families, has expanded its southeast regional hub in Charleston, S.C. To accommodate PURE’s growth, the company has moved offices to the newly-renovated Cigar …
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• 10 Years Post-Katrina in New Orleans Rises but Gaps Remain

  25-08-2015 18:41
  
  As people search for words to describe New Orleans’ recovery a decade after Hurricane Katrina, they sometimes use words verging on the Biblical — an economic and cultural resurrection, a rising from the ashes. Helped by billions of dollars in …
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• New Jersey Firefighters Urge Lawmakers to Adopt Tougher Fire Codes

  25-08-2015 18:21
  
  Firefighters in New Jersey are calling for tougher fire codes in the wake of a blaze that destroyed 240 units and left about 500 people homeless at an apartment complex in Edgewater, New Jersey. Leaders from several firefighting organizations stood …
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• Small Fleet Managers Would Choose Insurer for UBI Service: Survey

  25-08-2015 17:47
  
  More than half of small fleet managers are likely to stay with their current insurance carriers rather than switching if their insurer offers usage-based insurance (UBI) programs, according to a new survey by analytics firm Lexis Nexis. If an alternate …
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• Farmers’ Almanac Predicts Harsh Winter for Northeast in 2016

  25-08-2015 17:43
  
  It’s not what Bostonians want to hear: The Farmer’s Almanac says another rough winter is in your stars. A year after Boston was pummeled with the snowiest winter on record, editors of the Maine-based publication have dubbed their latest forecast …
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• Former Employee Sues Private Hawaiian School over Termination

  25-08-2015 17:22
  
  A former Kamehameha Schools Hawaii employee, who was fired last year in connection to alleged misuse of a purchasing card, has filed a lawsuit against the private school, claiming she was wrongfully terminated. The lawsuit, filed July 29, on behalf …
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• Fire Burning Near California Ski Resort Threatens Homes

  25-08-2015 17:19
  
  Hundreds of mountain homes remained threatened on Monday as crews increased containment of a wildfire burning through timber near a popular Southern California ski resort. Water cannons usually used for making snow were pointed at the fire burning near Snow …
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• IMA Names Heller Chief Technology and Operating Officer in Colorado

  25-08-2015 17:06
  
  The IMA Financial Group Inc. has named Robin Heller its chief technology and operating officer in Denver, Colo. In the newly created role, Heller will oversee strategic technology development. Prior to IMA Heller was president and CEO of The Leadership …
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• State Auto Realigns Units, Announces Leadership Hires, Changes

  25-08-2015 15:58
  
  State Auto Financial Corp. today announced changes to the company’s leadership and a redefining of the company’s key business units. The changes were announced by Mike LaRocco, who took over as president and CEO in May. Kim Garland has been …
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• JLT Risk Solutions Hires 2 Execs for Credit, Political & Security Risks, M&A Division

  25-08-2015 14:40
  
  JLT Risk Solutions AB, a member of the Jardine Lloyd Thompson Group plc, has appointed Magnus Toftgård and Magnus Lindgren to strengthen the Credit, Political and Security Risks (CPS) and M&A Insurance (M&A) division, based in Stockholm. Magnus Toftgård joins from …
  The article JLT Risk Solutions Hires 2 Execs for Credit, Political & Security Risks, M&A Division appeared first on Insurance Journal.
  
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• As Danny Fades, Atlantic’s Next Storm Taking Shape

  25-08-2015 14:38
  
  The remains of Hurricane Danny were swallowed up in a trough of low pressure in the Caribbean Sea as another storm started to develop further east in the central Atlantic. A swirl of thunderstorms and showers may be coming together …
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• Cobots: Making It Safe for Humans, Robots to Work Side-by-Side

  25-08-2015 14:18
  
  In June this year a robot crushed a man to death in a Volkswagen factory in Germany. The 22-year-old maintenance worker became trapped between a large robotic arm and a metal plate, in an area usually off-bounds to humans. The tragic …
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• Court Says FTC Has Power to Regulate Corporate Cybersecurity

  25-08-2015 14:11
  
  A U.S. appeals court said the Federal Trade Commission has authority to regulate corporate cyber security, and may pursue a lawsuit accusing hotel operator Wyndham Worldwide Corp. of failing to properly safeguard consumers’ information. The 3-0 decision by the 3rd …
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• ANV Underwriters Hires Lippert to Boost Professional Lines Portfolio in Europe 

  25-08-2015 13:14
  
  ANV Underwriters, the international managing general underwriter (MGU) segment of global specialty insurance group ANV, has appointed Christina Lippert as professional lines underwriting manager for Europe. Based in Barcelona, Lippert is responsible for growing the professional lines portfolio across Europe …
  The article ANV Underwriters Hires Lippert to Boost Professional Lines Portfolio in Europe  appeared first on Insurance Journal.
  
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• Willis Appoints Wemyss as Global Head of Placement

  25-08-2015 12:32
  
  Willis Group Holdings has appointed Toby Wemyss as global head of placement, effective immediately. He succeeds David Martin, who will be leaving the company. In this role, Wemyss will drive the continuing development of Willis’ global placement strategy, leading the …
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• Fitch: Downward Pricing Pressures in Reinsurance Market Begin to Slow

  25-08-2015 11:52
  
  The reinsurance market showed signs of decelerating rate declines in its most recent June/July 2015 renewals, indicating that pricing could be approaching a new equilibrium, says Fitch Ratings in a new global sector report. Reinsurance pricing has experienced downward pressures …
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• Typhoon Goni Makes Landfall on Japan, Causing Injuries, Evacuations

  25-08-2015 10:02
  
  Typhoon Goni made landfall on Japan’s southernmost main island of Kyushu, causing injuries and prompting evacuation orders. Cancellations of airline and train service affected thousands of people. Goni, which had been the strength of a category 3 hurricane, came ashore in …
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• Increase in Sinkholes Leaves West Virginia City Struggling

  25-08-2015 10:00
  
  Officials in Huntington, W. Va., are scrambling to deal with an increase in sinkholes across the city. Heavy rainfall and aging infrastructure have contributed to the increase, and the city lacks resources to do more than deal with sinkholes as …
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• Vienna Insurance Q2 Profit Drops 8.6% on Low Interest Rates in Region

  25-08-2015 09:35
  
  Vienna Insurance Group AG, eastern Europe’s biggest insurer, said profit in the second quarter declined 8.6 percent as low interest rates in the region pushed down returns on its investments. Net income in the three months to June dropped to 93.7 million …
  The article Vienna Insurance Q2 Profit Drops 8.6% on Low Interest Rates in Region appeared first on Insurance Journal.
  
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• Zurich Insurance Offers $8.8 Billion to Acquire UK’s RSA

  25-08-2015 09:21
  
  Zurich Insurance Group AG, Switzerland’s largest insurer, proposed to buy the UK’s RSA Insurance Group plc for about 5.6 billion pounds ($8.8 billion). RSA is willing to recommend the possible offer of 550 pence a share to its shareholders provided satisfactory terms are met, …
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• GEICO Promotes Florida-Based Rogers to Senior Vice President

  25-08-2015 07:11
  
  George Rogers has been promoted to senior vice president at GEICO. Rogers’ new responsibilities include oversight for GEICO’s southeast and Midwest operations in addition to his current duties as vice president of GEICO’s regional operations in Lakeland, Fla. Rogers joined …
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• Pennsylvania Says Insurers Are Prohibited From Using Price Optimization

  25-08-2015 05:59
  
  Pennsylvania Insurance Commissioner Teresa Miller has issued an official notice warning the state’s property/casualty insurers that they are prohibited from using the price optimization techniques in establishing policyholder premiums. “The practice is not legal in Pennsylvania and the Insurance Department …
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