Insurance news

• Hubley Approved as President of Mass. Commonwealth Automobile Reinsurers

  27-08-2015 22:09
  
  Massachusetts’ Commonwealth Automobile Reinsurers (CAR), the state’s industry-operated residual market and statistical agent for auto insurance, announced that Insurance Commissioner Daniel Judson has approved the CAR Governing Committee’s appointment of Natalie Hubley as the organization’s new president. Hubley has been …
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• New York Man Sues Hotel Named as Source of Legionnaires’ Outbreak

  27-08-2015 18:59
  
  A New York man who came down with Legionnaires’ disease and spent several days in a hospital has filed a civil lawsuit against the hotel identified by authorities as the source of the deadly outbreak. Leslie Noble’s lawsuit against the …
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• Man Sues NYC Hotel Named as Source of Legionnaires’ Disease Outbreak

  27-08-2015 18:59
  
  A New York man who came down with Legionnaires’ disease and spent several days in a hospital has filed a civil lawsuit against the hotel identified by authorities as the source of the deadly outbreak. Leslie Noble’s lawsuit against the …
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• Glatfelter Launches Risk Management Tool for Long Term Care Facilities

  27-08-2015 18:59
  
  Glatfelter Healthcare Practice, an insurance program serving senior living facilities, home health care and other private homecare agencies, and VorroHealth, a provider of clinical, AR/billing and interoperable technology for healthcare, have released ACTUM, a fully integrated offering to complement VorroHealth’s …
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• Henderson Brothers Hires Balogh as Consultative Associate in Pittsburgh

  27-08-2015 18:55
  
  Henderson Brothers Inc., an independent insurance agency based in Pittsburgh, Pennsylvania, hired Chris Balogh as consultative associate. As part of Henderson Brothers’ consultative department, Balogh will provide clients with comprehensive compliance support and perform claims, risk, and benchmarking analyses. Founded …
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• Dallas-Area Restaurant Settles Pregnancy Discrimination Suit for $20K

  27-08-2015 18:37
  
  Arthur’s Restaurant and Bar, a fine dining steakhouse and lounge in Addison, Texas, a suburb of Dallas, will pay $20,000 to a former cocktail server to settle a pregnancy discrimination lawsuit brought by the U.S. Equal Employment Opportunity Commission (EEOC), …
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• Virginia’s Continental Underwriters Hires 2 Lumbermen’s Executives

  27-08-2015 18:35
  
  Continental Underwriters, a Richmond, Virginia-based managing general agency/wholesaler specializing in the placement of insurance for lumber and forest products operations, hired Corey Bounds as loss control director and Gretchen Steelman as property policy renewal team lead. Both Bounds and Steelman …
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• AssuredPartners Acquires Insurance & Benefits Group in Missouri

  27-08-2015 18:27
  
  AssuredPartners Inc. has acquired Insurance & Benefits Group LLC (IBG), headquartered in Sedalia, Mo. IBG’s 31 employees will continue to operate from its three Missouri locations — Sedalia, Lee’s Summit and Warrensburg — under the local leadership of IBG President …
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• Victims Seek Review of Wisconsin Clergy Abuse Claims

  27-08-2015 18:26
  
  A group of clergy sexual abuse victims called for an independent commission to investigate molestation accusations that are sealed as part of a bankruptcy case involving the Roman Catholic Archdiocese of Milwaukee. The move comes a day after church lawyers …
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• Kansas City Restaurant Explosion Lawsuit Goes to Jury

  27-08-2015 18:25
  
  After five weeks of testimony, lawyers presented closing arguments in the civil trial involving a fatal explosion more than two years ago at a Kansas City, Mo., restaurant. The civil lawsuit stems from the February 2013 natural-gas explosion and fire …
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• Louisiana’s Bayou Chene to Get Permanent Flood Control Structure

  27-08-2015 18:24
  
  Funds from the settlement over BP’s Gulf of Mexico oil spill in 2010 will be used to construct a permanent flood control structure in Bayou Chene. The Courier reports the structure will protect St. Mary and several other parishes, including …
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• Arkansas to See Max 7.15% Rate Hike in Health Marketplace in 2016

  27-08-2015 18:16
  
  Arkansas’ insurance commissioner says health insurance rates on the state’s marketplace will increase by no more than 7.15 percent next year. The Arkansas Insurance Department approved the 2016 rates for companies participating in Arkansas’ health insurance marketplace, which was established …
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• Integro Acquires HealthCare Risk Specialists in Connecticut

  27-08-2015 18:06
  
  Insurance brokerage and risk management firm Integro announced today that it acquired HealthCare Risk Specialists in West Hartford, Connecticut. Financial details of the transaction have not been disclosed. HealthCare Risk Specialists, incorporated in 1998, provides custom-designed as well as traditional …
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• Oregon Man Awarded $5M for Abuse by Priest

  27-08-2015 17:16
  
  A federal judge has awarded an Oregon man $5 million in damages stemming from sexual abuse by a Catholic priest in Yakima more than 30 years ago. The priest, Ernest Dale Calhoun, did not contest the allegations made by the …
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• Las Vegas Airport May Soon Get Uber, Lyft Service

  27-08-2015 17:14
  
  Travelers flying to Las Vegas may soon be able to hail a ride from Uber or Lyft. Officials have been developing plans allowing the ride-hailing companies to pick up and drop off passengers using McCarran International Airport. The option won’t …
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• Plagued by Drought, California Prepares For El Niño Storms

  27-08-2015 17:00
  
  While drought-plagued California is eager for rain, the forecast of a potentially Godzilla-like El Niño event has communities clearing out debris basins, urging residents to stock up on emergency supplies and even talking about how a deluge could affect the 50th Super …
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• Allstate’s Drivewise Telematics App Adds Shopping Rewards, Challenges

  27-08-2015 16:36
  
  In addition to offering auto insurance savings to its insureds, the Allstate Insurance mobile telematics app known as Drivewise now allows drivers to earn safe driving points they can spend on merchandise, gift cards and local merchant offers. Any driver …
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• UK’s PI Insurance Sector Expected to Grow by Almost 6% Annually: Report

  27-08-2015 15:23
  
  The professional indemnity and directors & officers insurance sector has grown constantly since 2012 and is expected to continue the upward trend until at least 2019, according to the findings of a new report by London-based business intelligence company, Timetric. …
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• Florida Prepares for Possible Hurricane Erika on Monday

  27-08-2015 15:03
  
  Florida advised residents and tourists to check disaster kits and escape plans as chances rise the state will face its first hurricane strike in 10 years. Tropical Storm Erika, which has triggered storm watches and warnings throughout the Caribbean Leeward …
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• Unmanned Work Zone Trucks Promise Road Safety, Savings

  27-08-2015 14:44
  
  Roving construction crews — the kind you see blacktopping a road, painting lines, inspecting a bridge or installing a traffic signal — are often protected from oncoming traffic by a specialized truck outfitted with a crash barrier. The crash trucks, …
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• Business Lobbies Seek Probe of Medical Funding Industry

  27-08-2015 14:09
  
  Two business lobbying groups this week called on the Consumer Financial Protection Board to investigate the medical funding industry after a Reuters investigation revealed that private investors are funding operations for women who have sued makers of surgical implants. The …
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• 10 Automakers Sued Over Claims of Deadly Fumes from Keyless Ignitions

  27-08-2015 13:56
  
  Ten of the world’s biggest automakers were sued on Wednesday by consumers who claim they concealed the risks of carbon monoxide poisoning in more than 5 million vehicles equipped with keyless ignitions, leading to 13 deaths. According to the complaint …
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• Target Avoids SEC Penalties Over 2013 Breach

  27-08-2015 13:49
  
  The U.S. Securities and Exchange Commission won’t pursue an enforcement action against Target Corp. after hackers stole data on 40 million credit and debit cards during the 2013 holiday shopping season, according to a regulatory filing. The agency finished its …
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• Generali Signs Global Deal to Target High-Growth Markets via Smartphones

  27-08-2015 13:02
  
  The Generali Group has signed a global deal with Obi Worldphones™, aiming to target, via smartphones, 20 high-growth markets with a prospective customer base of more than 10 million people. “This breakthrough deal with Obi Worldphones will allow Generali to …
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• China Detains Senior Officials, Port Executives After Deadly Explosions in Tianjin

  27-08-2015 12:21
  
  China’s top prosecutor is holding 10 officials and port executives as well as a senior Transport Ministry official under criminal detention for alleged neglect of duty and abuse of power in the Tianjin warehouse explosions that killed at least 139 people, the …
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• UK’s Towergate Reports H1 Before Tax Loss of $88.8M, vs. $23M Profit in H1 2014

  27-08-2015 12:05
  
  Towergate Insurance, the UK insurance intermediary, reported a before tax loss of £58 million ($88.8 million) during the first half, compared with a £15 million ($23 million) before tax profit in the same period of 2014. The company reported income …
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• UK’s Towergate Reports H1 Before Tax Loss of $88.8M, vs. $23M in H1 2014

  27-08-2015 12:05
  
  Towergate Insurance, the UK insurance intermediary, reported a before tax loss of £58 million ($88.8 million) during the first half, compared with a £15 million ($23 million) before tax profit in the same period of 2014. The company reported income …
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• North Carolina Looks at Regulating Zip Lines

  27-08-2015 10:00
  
  As 12-year-old Bonnie Sanders Burney soared over a 40-foot ravine at her sleep-away camp in the Blue Ridge Mountains, the tether attaching her to a dual zip line snapped – plunging her to her death. Her tether had been mistakenly …
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• Florida Governor Orders Random Audits of 100-Plus Hospitals

  27-08-2015 10:00
  
  Florida Gov. Rick Scott is ordering state health officials to audit more than 100 hospitals as part of his ongoing battle with hospitals, which he says are driving up Medicaid costs. The state had asked hospitals and insurers to prove …
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• Authorities on Alert After South Georgia Church Break-Ins

  27-08-2015 10:00
  
  Law officers are searching for suspects who burglarized two Georgia churches. WTOC-TV reports that the break-ins are believed to have happened August 22 at Mount Calvary Baptist Church in Alston and Tabernacle of Deliverance in Vidalia. The Savannah station reports …
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• European Re/Insurers Well Positioned to Withstand Market Volatility: A.M. Best

  27-08-2015 09:46
  
  European re/insurers are well positioned to withstand the current volatility in the stock markets, having made significant changes to their investment portfolios since the global financial crisis of 2008, as well as the subsequent European sovereign debt crisis in late …
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• RMS and Taiwan’s MSIG Mingtai Collaborate on Typhoon Risk Insights

  27-08-2015 09:13
  
  RMS, the Newark, Calif.-based catastrophe risk management firm, has formed a technical collaboration with MSIG Mingtai Insurance Co. Ltd. to share industry information and insight about the local Taiwanese insurance market, as RMS develops a typhoon model for Taiwan. The …
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