Insurance news

• MTSU Chair of Insurance holder retires after 33 years - The Daily News Journal

  28-08-2015 23:08
  The Daily News Journal
  MTSU Chair of Insurance holder retires after 33 years
  The Daily News Journal
  MURFREESBORO — After three-plus decades serving as the Tommy T. Martin Chair of Insurance at MTSU, Kenneth Hollman has plenty of fond memories to look back on as he steps into retirement, according to a release from the university. Plenty of ...
  

• The Andrew Agency Acquires Crowder & Holloway in Virginia

  28-08-2015 22:55
  
  The Andrew Agency, an independent insurance agency in Richmond, Virginia, announced it has acquired Crowder & Holloway in South Hill, Virginia. Terms of the transaction were not disclosed. Founded in 1936, Crowder & Holloway is an insurance broker providing personal …
  The article The Andrew Agency Acquires Crowder & Holloway in Virginia appeared first on Insurance Journal.
  
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• UPMC adds insurance members as Highmark tensions build - ModernHealthcare.com

  28-08-2015 20:32
  UPMC adds insurance members as Highmark tensions build
  ModernHealthcare.com
  The UPMC Health System, which has spent the past two years feuding with its largest commercial insurer, improved its financial standing in fiscal 2015 by adding members to its own health plan. The Pittsburgh-based network reported a 5.3% increase in ...
  

• How insurance policies have changed in the post-Katrina years - CBS News

  28-08-2015 19:54
  CBS News
  How insurance policies have changed in the post-Katrina years
  CBS News
  Even though U.S. forecasters are predicting this year's Atlantic Hurricane Season will have below-normal activity, we're heading into September, the season's peak time. And a recent spate of hurricanes and tropical storms are reminders that threats to ...
  

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• How Two Harvard Grads Want To Change The Face Of Health Insurance - Forbes

  28-08-2015 19:15
  Forbes
  How Two Harvard Grads Want To Change The Face Of Health Insurance
  Forbes
  Health insurers are consolidating left and right. Anthem WLP +% is buying Cigna CI -0.73% for $57 billion, Aetna AET -0.86% is buying Humana HUM +0.00% for $37 billion. The giants are claiming that this will be great for consumers: “The combination ...
  Startup aims to sweeten process of shopping for health insuranceFierceHealthPayerall 2 news articles »
  

• BoatUS Launches Peer-to-Peer Boat Insurance Program

  28-08-2015 18:59
  
  BoatUS has launched a boat rental insurance policy available for rentals through Boatbound, a nationwide boat rental marketplace. The new Peer-to-Peer Boat Rental Policy covers the rental period and is designed specifically to meet the needs of this new and …
  The article BoatUS Launches Peer-to-Peer Boat Insurance Program appeared first on Insurance Journal.
  
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• N.Y. Man Says He’s Proud of Arrest for Tampering With Red Light Cameras

  28-08-2015 18:54
  
  A suburban New York man facing criminal charges for tampering with several red light cameras said that he knew he would be arrested after posting video of his actions online but that it was done in protest of government abuse. …
  The article N.Y. Man Says He’s Proud of Arrest for Tampering With Red Light Cameras appeared first on Insurance Journal.
  
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• District of Columbia Issues Price Optimization Ban Bulletin

  28-08-2015 18:52
  
  The District of Columbia’s Department of Insurance, Securities and Banking (DISB) this week issued a bulletin notifying property/casualty insurers doing business in the District that price optimization is discriminatory and that it violates the District’s anti-discrimination insurance laws. The Department’s …
  The article District of Columbia Issues Price Optimization Ban Bulletin appeared first on Insurance Journal.
  
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• Kansas Firm Sentenced for Mishandling Chemicals

  28-08-2015 18:49
  
  An El Dorado, Kan., company has been ordered to pay $97,612 in restitution and a $10,000 fine for mishandling waste chemicals, U.S. Attorney Barry Grissom said. The company also must pay a $400 special assessment and serve three years on …
  The article Kansas Firm Sentenced for Mishandling Chemicals appeared first on Insurance Journal.
  
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• New Orleans Firm Settles Suit Over Decade-Old Gulf Oil Leak

  28-08-2015 18:46
  
  Environmental groups and a New Orleans company that failed to end a decade-old oil leak in the Gulf of Mexico have reached a settlement agreement in a lawsuit over the slow-motion spill. Taylor Energy Company said it has agreed under …
  The article New Orleans Firm Settles Suit Over Decade-Old Gulf Oil Leak appeared first on Insurance Journal.
  
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• Kentucky Supreme Court Reinstates Jury Award to Former Track Coach

  28-08-2015 18:45
  
  The Kentucky Supreme Court has reinstated a jury’s $300,000 award to a former Louisville, Ky., assistant track coach who claimed she was fired for filing a sexual harassment complaint. The Supreme Court said on August 20 that Mary Banker is …
  The article Kentucky Supreme Court Reinstates Jury Award to Former Track Coach appeared first on Insurance Journal.
  
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• Florida Nightclub Reaches $5M Settlement with Patron Attacked by Bouncer

  28-08-2015 18:40
  
  Attorneys say a young man who was attacked by a bouncer at a South Beach nightclub has received a $5 million settlement. The lawyers representing 22-year-old Youness Adlan announced the settlement August 26. The Miami Herald reports that it is …
  The article Florida Nightclub Reaches $5M Settlement with Patron Attacked by Bouncer appeared first on Insurance Journal.
  
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• Slape, Brady Named Deputy Commissioners at Texas DOI

  28-08-2015 18:38
  
  Texas Insurance Commissioner David Mattax announced two key executive positions on his staff today. Doug Slape will become deputy commissioner for financial regulation, and Kevin Brady was named deputy commissioner for agency affairs. Slape replaces Danny Saenz, who is retiring …
  The article Slape, Brady Named Deputy Commissioners at Texas DOI appeared first on Insurance Journal.
  
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• 2 North Carolina Residents Accused of Insurance Fraud in Multiple Counties - Insurance Journal

  28-08-2015 18:35
  2 North Carolina Residents Accused of Insurance Fraud in Multiple Counties
  Insurance Journal
  North Carolina Insurance Commissioner Wayne Goodwin announced the arrests of Pamela Christine Liles, 31, and Travis Paul Randolph, 30, of Siloam. Department of Insurance criminal investigators accuse Liles of insurance fraud in three counties, and ...
  

• 2 North Carolina Residents Accused of Insurance Fraud in Multiple Counties

  28-08-2015 18:35
  
  North Carolina Insurance Commissioner Wayne Goodwin announced the arrests of Pamela Christine Liles, 31, and Travis Paul Randolph, 30, of Siloam. Department of Insurance criminal investigators accuse Liles of insurance fraud in three counties, and Randolph of insurance fraud in …
  The article 2 North Carolina Residents Accused of Insurance Fraud in Multiple Counties appeared first on Insurance Journal.
  
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• Company in Minnesota Vikings Stadium Fatality Had Safety Citations

  28-08-2015 18:33
  
  The subcontractor involved in a fatal accident at the Minnesota Vikings stadium construction site has received nine citations for worksite safety violations in the past five years, according to public records. A Berwald Roofing Co. employee was killed on Aug. …
  The article Company in Minnesota Vikings Stadium Fatality Had Safety Citations appeared first on Insurance Journal.
  
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• Russell Named President, CEO of Ohio Mutual Insurance

  28-08-2015 18:32
  
  Mark C. Russell has been tapped as the next president and chief executive officer of Ohio Mutual Insurance Group, succeeding the company’s current retiring leader Jim Kennedy. Russell comes to Ohio Mutual from Columbus, Ohio-based Grange Insurance, where he has …
  The article Russell Named President, CEO of Ohio Mutual Insurance appeared first on Insurance Journal.
  
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• Hiscox Appoints Giralt as Head of Property for Miami MGA

  28-08-2015 18:30
  
  Specialist global insurer Hiscox has appointed John Giralt as head of Property for its Miami MGA operation. Joining from Catlin XL where he was a director covering the Americas, Giralt was responsible for managing the Latin American and Caribbean underwriting …
  The article Hiscox Appoints Giralt as Head of Property for Miami MGA appeared first on Insurance Journal.
  
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• Florida-Based Advanced E&S Group Opens Dallas Office

  28-08-2015 18:29
  
  Advanced E&S Group, a Florida-based managing general agency, has hired April Moeser, branch manager and Lisa Sherman, underwriting, to facilitate the opening of the firm’s new branch office operations in Texas. The Dallas office will work closely with retail agents …
  The article Florida-Based Advanced E&S Group Opens Dallas Office appeared first on Insurance Journal.
  
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• Concord Specialty Hires DeRose as Senior Underwriting Counsel in New York

  28-08-2015 18:26
  
  Concord Specialty Risk, a New York City-based managing general underwriter and underwriting agent for a number of carriers and a series of RSG Underwriting Managers LLC, specializing in providing transactional risk insurance, hired Lidore DeRose as senior underwriting counsel, representations …
  The article Concord Specialty Hires DeRose as Senior Underwriting Counsel in New York appeared first on Insurance Journal.
  
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• Washington Judge Sets Limits in Civil Case over Deadly Oso Mudslide

  28-08-2015 17:31
  
  A King County Superior Court judge is considering which claims can be brought in a civil trial that will explore whether anyone should be held responsible for the deadly Oso, Wash. mudslide. The Daily Herald reported that Judge Roger Rogoff …
  The article Washington Judge Sets Limits in Civil Case over Deadly Oso Mudslide appeared first on Insurance Journal.
  
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• Wildfire Threatens Idaho Town, Evacuations Ordered

  28-08-2015 17:27
  
  Residents in west-central Idaho near the town of Riggins were told to flee due to a wildfire that expanded to 40 square miles Thursday, an 11-square-mile jump. Fire managers say the fire made runs through the tops of trees and had …
  The article Wildfire Threatens Idaho Town, Evacuations Ordered appeared first on Insurance Journal.
  
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• Reminder: Private Mortgage Insurance Is Temporary - New York Times

  28-08-2015 17:09
  New York Times
  Reminder: Private Mortgage Insurance Is Temporary
  New York Times
  Home buyers who can't put at least 20 percent down usually have to carry private mortgage insurance, often an expensive proposition. One good thing about mortgage insurance, though, is that it doesn't last forever. Private mortgage insurance protects ...and more »
  

• Former California Probation Officer Nabbed For Fraud While on Probation – for Fraud

  28-08-2015 17:09
  
  A former Los Angeles County probation officer, Robyn Palmer, 29, of Long Beach, Calif. was arrested Thursday on six felony counts of insurance fraud for allegedly forging documents to illegally collect disability insurance benefits while serving probation for another insurance …
  The article Former California Probation Officer Nabbed For Fraud While on Probation – for Fraud appeared first on Insurance Journal.
  
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• California Lawmakers Equal Pay Law Said to be Toughest in U.S.

  28-08-2015 16:58
  
  California lawmakers approved legislation mandating equal pay for women in what the bill’s author called the toughest such law in the U.S. The Assembly voted 66-2 for the measure requiring employers to pay men and women the same for “substantially …
  The article California Lawmakers Equal Pay Law Said to be Toughest in U.S. appeared first on Insurance Journal.
  
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• Deadly Erika May Weaken Before Reaching Florida on Monday

  28-08-2015 15:45
  
  Deadly Tropical Storm Erika may weaken as it passes over the mountains of the Dominican Republic Friday before continuing on a path that may bring it to Florida on Monday. Erika was 90 miles (144 kilometers) east-southeast of Santa Domingo …
  The article Deadly Erika May Weaken Before Reaching Florida on Monday appeared first on Insurance Journal.
  
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• Getting storm insurance protection - WKMG Orlando

  28-08-2015 14:47
  WKMG Orlando
  Getting storm insurance protection
  WKMG Orlando
  Matt: WE CONTINUE TO TRACK ERIKA, HOPEFULLY TONIGHT YOU'RE TALKING TO YOUR FAMILY ABOUT A PLAN, THINKING ABOUT HOW TO PROTECT YOUR HOME. BUT HOW MUCH WILL YOUR INSURANCE PROTECT YOU? Lisa: LOCAL 6'S ...
  Some other storm-related insurance issues to considerSun Sentinel
  Insurance agents advise to check policy ahead of stormLive 5 Newsall 15 news articles »
  

• Franchises, Staffing Firms Ruled Joint Employers Under Labor Laws

  28-08-2015 14:41
  
  More companies may be held responsible for labor-law violations committed by contractors and forced to negotiate wages and benefits with their workers under a decision by a politically split U.S. labor board. The National Labor Relations Board, in a closely …
  The article Franchises, Staffing Firms Ruled Joint Employers Under Labor Laws appeared first on Insurance Journal.
  
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• Franchises, Staffing Firms Ruled Joint Employers Under Labor Law

  28-08-2015 14:41
  
  More companies may be held responsible for labor-law violations committed by contractors and forced to negotiate wages and benefits with their workers under a decision by a politically split U.S. labor board. The National Labor Relations Board, in a closely …
  The article Franchises, Staffing Firms Ruled Joint Employers Under Labor Law appeared first on Insurance Journal.
  
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• Confessions of an Underage, Unlicensed Truck Driver

  28-08-2015 14:28
  
  American Trucking Associations executive Howard Abramson recently made a case in the New York Times for higher safety standards for trucks. It’s not hard to understand why: Large trucks were involved in at least 327,000 traffic accidents in 2013, killing almost 4,000 …
  The article Confessions of an Underage, Unlicensed Truck Driver appeared first on Insurance Journal.
  
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• Ex-LA County worker convicted of insurance fraud arrested again on same charge - Los Angeles Times

  28-08-2015 13:30
  Ex-LA County worker convicted of insurance fraud arrested again on same charge
  Los Angeles Times
  A former Los Angeles County probation officer who was convicted last year of defrauding Allstate Insurance was arrested this week on suspicion of defrauding another insurance company, authorities said. lRelated Live Nation agrees to cancel one Fairplex ...
  Former L.A. County probation officer, Long Beach resident suspected of ...Long Beach Press Telegramall 3 news articles »
  

• How Genome Sequencing Is Transforming Food Safety

  28-08-2015 12:40
  
  Investigations into foodborne illness are being radically transformed by whole genome sequencing, which federal officials say is enabling them to identify the source of an outbreak far more quickly and prevent additional cases. Previously, samples from sick patients were sent …
  The article How Genome Sequencing Is Transforming Food Safety appeared first on Insurance Journal.
  
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• AIG’s Lavastone in Dispute with Life Settlements Firm Coventry

  28-08-2015 12:31
  
  An American International Group Inc. unit and Coventry First LLC began a trial in a dispute over bets in the insurance market on when people would die. Lavastone Capital LLC, the AIG subsidiary, claims Coventry ripped it off by more …
  The article AIG’s Lavastone in Dispute with Life Settlements Firm Coventry appeared first on Insurance Journal.
  
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• S&P: Reinsurance M&A Will Be Driven by Berkshire Hathaway Model

  28-08-2015 10:00
  
  Reinsurance M&A activity should continue well into 2016 as competitive pressures continue unabated, Standard & Poor’s said in a new report. The ratings firm said that the Berkshire Hathaways of the world – investment holding companies seeking to enter the insurance …
  The article S&P: Reinsurance M&A Will Be Driven by Berkshire Hathaway Model appeared first on Insurance Journal.
  
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• Allianz Invests in London’s $6.4 Billion ‘Super Sewer’, Thames Tideway Tunnel

  28-08-2015 08:54
  
  A consortium, consisting of pension funds and other long-term investors represented by Allianz, Amber Infrastructure Group, Dalmore Capital and DIF, will invest up to £1.275 billion ($1.9 billion) in London’s “super sewer.” The consortium’s investment in the Thames Tideway Tunnel …
  The article Allianz Invests in London’s $6.4 Billion ‘Super Sewer’, Thames Tideway Tunnel appeared first on Insurance Journal.
  
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• Troubled Irish Insurers Seek Solvency II Support From Bond Investors, Buffett

  28-08-2015 08:12
  
  Investors hunting for yield after a global financial rout might well take a detour to the headquarters of a tiny insurance company hidden away along a highway in west Dublin. Just as world markets cratered on August 24, troubled Irish …
  The article Troubled Irish Insurers Seek Solvency II Support From Bond Investors, Buffett appeared first on Insurance Journal.
  
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• US group urges China to open insurance, securities markets - U.S. News & World Report

  28-08-2015 06:14
  Insurance Business America
  US group urges China to open insurance, securities markets
  U.S. News & World Report
  BEIJING (AP) — An American business group urged China on Friday to allow more access to its insurance and other service industries, saying foreign skills could help develop its volatile stock markets and cope with disasters like the recent chemical ...
  Morning Briefing: American group urges more access to Chinese insurance marketInsurance Business Americaall 70 news arti
  

• 300000 in Mass. to see health policy rates rise 6 percent - Boston Globe

  28-08-2015 05:22
  Miami Herald
  300000 in Mass. to see health policy rates rise 6 percent
  Boston Globe
  Health insurers in Massachusetts will boost rates more than 6 percent for small businesses and individuals in 2016, a troubling sign that costs are once again accelerating. The increase, approved by the state Division of Insurance last week, is more ...
  Obamacare health insurance premiums to rise 9.5 percent for 2016, state ...Miami Herald
  Obamacare premiums to rise 9.5 percent, but costs will go down for subsid
  

• Now Your Insurance Company Wants to Spy On You In Your Car - Jalopnik

  28-08-2015 02:15
  Insurance Business America
  Now Your Insurance Company Wants to Spy On You In Your Car
  Jalopnik
  Allstate, the second largest insurer in the U.S., has found new ways of monitoring what you do in your car, including everything from your stereo's volume to the people you ride with. The new patent discovered on August 11th, titled “Traffic-based ...
  Allstate wants to spy on its auto insurance client, patent revealsInsurance Business Americaall 6 news articles »
  

• Sierra Club Dragging State Farm into Climate Change Battle

  28-08-2015 02:00
  
  A State Farm executive is coming under fire from activists for his position on the board of what some consider to be a “climate denier” group. Sierra Club, a progressive investor group and other activist organizations have been waging an aggressive …
  The article Sierra Club Dragging State Farm into Climate Change Battle appeared first on Insurance Journal.
  
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