Insurance news

• Hurricane Strikes Cape Verde in East Atlantic — First Time Since 1892

  01-09-2015 21:11
  
  Something rare happened out in the Atlantic  — a hurricane hit Cape Verde. The islands off the coast of Africa lend their name to some of the most powerful storms the Atlantic produces, yet they themselves rarely get hit. According to …
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• Hurricane Fred Strikes Cape Verde in East Atlantic — 1st Time Since 1892

  01-09-2015 21:11
  
  Something rare happened out in the Atlantic  — a hurricane hit Cape Verde. The islands off the coast of Africa lend their name to some of the most powerful storms the Atlantic produces, yet they themselves rarely get hit. According to …
  The article Hurricane Fred Strikes Cape Verde in East Atlantic — 1st Time Since 1892 appeared first on Insurance Journal.
  
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• New Jersey’s New Child Safety Seat Rules Go Into Effect

  01-09-2015 21:04
  
  New Jersey has new child safety seat rules. The rules, which take effect Sept. 1, adhere to American Academy of Pediatrics recommendations. Children under age 2 and who weigh less than 30 pounds must be secured in a rear-facing seat …
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• Treasury Increases Main Street America’s Surety Bond Capacity to $93.4 Million

  01-09-2015 18:57
  
  The U.S. Department of the Treasury has raised The Main Street America Group’s NGM Insurance Company’s single surety bond capacity threshold to $93.4 million. The Jacksonville, Fla.-based super-regional property/casualty insurance carrier’s previous capacity was $90.5 million. According to a statement …
  The article Treasury Increases Main Street America’s Surety Bond Capacity to $93.4 Million appeared first on Insurance Journal.
  
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• Arthur J. Gallagher Acquires Missouri Program Administrator

  01-09-2015 18:42
  
  International insurance brokerage and risk management services firm, Arthur J. Gallagher & Co., has acquired program administrator, National Administration Co., based in Chesterfield, Mo. Terms of the transaction were not disclosed. Founded in 1987, National Administration Co. (NAC) is a national …
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• Blue Bell Selling Ice Cream Again after Listeria Recall

  01-09-2015 18:41
  
  Blue Bell ice cream is back. Blue Bell Creameries resumed selling its products at select locations on Aug. 31, four months after the Texas-based retailer halted sales due to listeria contamination. Blue Bell ice cream is now available at stores …
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• Iowa Hotel Owners Must Pay Over $1M in Harassment Case

  01-09-2015 18:40
  
  The owners of an Iowa hotel have been ordered to pay two former employees who complained about sexual harassment more than $1.2 million. An Iowa jury ruled against the owners of a Quality Inn and Suites in Peosta, Iowa, The …
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• Kansas Insurance Regulators Considering More Agent CE Hours

  01-09-2015 18:39
  
  The Kansas Insurance Department is considering whether insurance agents need more training. Currently, the state’s insurance agents are required to complete 12 hours of education every other year. Most states require 24 hours for insurance agents. The Wichita Eagle reports …
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• CAA Expanding into Nebraska; Elliott to Lead New Central Region

  01-09-2015 18:39
  
  The Texas-based agency partnership Combined Agents of America LLC (CAA) announced it is expanding into Nebraska and elected Rick Elliott to serve as central regional vice president. The insurance agency aggregator will be actively seeking out growth-focused independent agencies in …
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• $2.3M-Plus Recovered for Louisiana Insurance Consumers

  01-09-2015 18:35
  
  In the first six months of 2015, the Louisiana Department of Insurance (LDI) recovered an additional $2.37 million for insurance policyholders. Insurance Commissioner Jim Donelon says the funds are the result of LDI staff working with insurance companies to resolve …
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• Fighting Western U.S. Wildfires Costing More than $1B, Agriculture Chief Says

  01-09-2015 18:05
  
  U.S. Agriculture Secretary Tom Vilsack said the federal government has spent more than $1 billion fighting this year’s deadly wildfires, which have scorched drought-stricken Western states. Vilsack told a news conference in Portland, Ore., he supported a bill that would …
  The article Fighting Western U.S. Wildfires Costing More than $1B, Agriculture Chief Says appeared first on Insurance Journal.
  
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• California Man Hurt in Trolley Station Fall Gets $21.5M Insurance Settlement

  01-09-2015 17:57
  
  An Imperial Beach, Calif. man who was injured when he tripped and fell on trolley tracks is receiving a $21.5 million insurance settlement. The San Diego Union-Tribune reported that 57-year-old David Long was injured in May 2013 when he stepped …
  The article California Man Hurt in Trolley Station Fall Gets $21.5M Insurance Settlement appeared first on Insurance Journal.
  
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• Maine’s Cross Insurance Announces Leadership for Franchised Dealer Practice

  01-09-2015 17:53
  
  Cross Insurance, an independent insurance agency based in Bangor, Maine, appointed vice presidents Michael J. McInnis, Sr. and Scott S. Colford as co-leaders of its newly formed Franchised Dealer Practice that will focus on the needs of new car and …
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• Woodruff-Sawyer in California Names Ritthaler Vice President

  01-09-2015 17:52
  
  Woodruff-Sawyer & Co. has named Mike Ritthaler vice president and technology practice director. Ritthaler will be based in San Francisco, Calif. and will lead efforts to further the firm’s niche in the technology industry. He has more than 25 years …
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• National Federation of the Blind Sued for Alleged Religious Discrimination

  01-09-2015 17:16
  
  The National Federation of the Blind, the largest organization of blind and low-vision people in the U.S., violated federal law when it refused to allow an employee to observe his Sabbath and instead terminated him because of his religion, the …
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• Penn. Advises Homeowners to Reduce Property Hazards, Avoid Coverage Loss

  01-09-2015 17:05
  
  Pennsylvania Insurance Commissioner Teresa Miller is advising consumers that the Pennsylvania Insurance Department is available to help homeowners adhere to reasonable requests by insurers to make their properties safer and avoid possible cancellation or non-renewal of their homeowners’ coverage. Miller …
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• U.S. Eyes China, Russia Sanctions Over Cyber Attacks

  01-09-2015 16:54
  
  The United States is considering sanctions against both Russian and Chinese individuals and companies for cyber attacks against U.S. commercial targets, several U.S. officials said on Monday. The officials, who spoke on condition of anonymity, said no final decision had …
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• Driver’s ‘Selfie’ Attempt Causes Crash, Maine Police Say

  01-09-2015 16:52
  
  Maine State Police have issued a distracted driving summons to a man who they say crashed into a tree while taking a “selfie” with his passengers, injuring several of them. State police say Jordan Toner was driving in the town …
  The article Driver’s ‘Selfie’ Attempt Causes Crash, Maine Police Say appeared first on Insurance Journal.
  
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• P/C Insurance Industry’s Low Unemployment Rate Likely to Go Lower

  01-09-2015 15:57
  
  The insurance sector has been hiring all year and appears on track to continue to add personnel. The Bureau of Labor Statistics reported that the unemployment rate for the finance and insurance industry was at 2.1 percent in July, down …
  The article P/C Insurance Industry’s Low Unemployment Rate Likely to Go Lower appeared first on Insurance Journal.
  
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• Willis UK, AIG Launch Automatically Renewing Policy for Mid-Market

  01-09-2015 15:23
  
  Willis Group Holdings and American International Group, Inc. have launched “Evergreen,” described as “an innovative, new approach to insurance that removes the need for annual policy renewal – the first UK mid-market offering with no renewal date that covers major …
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• Reinsurance Price Drops Moderating? Yes and No, Say Rating Agencies

  01-09-2015 15:22
  
  Two of the property/casualty insurance industry’s ratings entities – Fitch and Standard & Poor’s – do not see eye-to-eye on whether reinsurance price declines are moderating. Fitch sees the downward trend letting up, but S&P finds that pricing pressures from …
  The article Reinsurance Price Drops Moderating? Yes and No, Say Rating Agencies appeared first on Insurance Journal.
  
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• Asset Managers Urged to Make Cyber Risk Top Priority

  01-09-2015 13:51
  
  Investors are being poorly served by a haphazard approach from fund managers to the growing threat of cyber crime damaging the companies in which they invest, with a lack of clarity from the businesses themselves compounding the problem. Banks have …
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• Qatar Re to Change Corporate Domicile to Bermuda

  01-09-2015 11:29
  
  Qatar Reinsurance Company LLC (Qatar Re) has announced its intention to transfer its seat of incorporation from the Qatar Financial Centre to Bermuda, during the fourth quarter of 2015. The move is subject to regulatory approvals. The announcement explained that …
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• Shopping, Banking from Car Dashboards Opens Door to Identity Theft

  01-09-2015 11:00
  
  Hackers can already take control of a car. And as vehicles become rolling shopping malls, cybercriminals will have an opportunity to snatch your identity, too. Eager for a cut of drivers’ purchases of fast food, gas and more, automakers have …
  The article Shopping, Banking from Car Dashboards Opens Door to Identity Theft appeared first on Insurance Journal.
  
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• Lloyd’s Casualty Reinsurance Underwriters Concerned History Repeating Itself

  01-09-2015 10:17
  
  Lloyd’s international casualty reinsurance underwriters are running the risk of repeating the same mistakes that have placed the market in difficulty in the past, according to a new straw poll of Lloyd’s reinsurance specialists. The survey conducted by the Lloyd’s …
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• South Carolina Orders Rate Revision for State Workers’ Comp Plan

  01-09-2015 10:00
  
  South Carolina Insurance Director Raymond Farmer approved an overall revision of +1.9 percent to the state’s voluntary workers’ compensation policy loss costs and a decrease of .3 percent in the assigned risk rate level results for the state’s workers’ comp …
  The article South Carolina Orders Rate Revision for State Workers’ Comp Plan appeared first on Insurance Journal.
  
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• As Climate Talks Resume, Divisions Between Poor & Rich Nations Highlighted

  01-09-2015 10:00
  
  Just days before global negotiators were set to meet for talks on climate change, Tropical Storm Erika killed at least 20 people on Dominica. The small Caribbean island evoked the tragedy to highlight divisions between industrialized nations and developing economies …
  The article As Climate Talks Resume, Divisions Between Poor & Rich Nations Highlighted appeared first on Insurance Journal.
  
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• El Nino in Pacific Strongest Since Record Event in 1997-1998

  01-09-2015 09:35
  
  The El Nino that’s changing weather across the globe is now the strongest since the record event almost two decades ago. Sea temperature anomalies in the central Pacific Ocean are now at their highest since 1997–98, Australia’s Bureau of Meteorology said in …
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• Authorities: Money Missing From Business Where Harpers Ferry Fire Started

  01-09-2015 06:20
  
  Authorities say money is missing from a business where a devastating fire in West Virginia’s Harpers Ferry originated. Department of Military Affairs and Public Safety spokesman Lawrence Messina says investigators determined that the July 23 fire began on a deck …
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• Doctors Ask Federal Appeals Court to Reconsider Florida ‘Docs vs. Glocks’ Law

  01-09-2015 06:11
  
  Physician groups are asking a federal appeals court to reconsider a ruling upholding a Florida law restricting what doctors can ask patients about guns. Organizations representing some 11,000 medical providers want the full 11th U.S. Circuit Court of Appeals to …
  The article Doctors Ask Federal Appeals Court to Reconsider Florida ‘Docs vs. Glocks’ Law appeared first on Insurance Journal.
  
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• Six Southeast States Team Up to Combat Driving Under the Influence

  01-09-2015 06:00
  
  Law enforcement officials in six states are launching their 24th annual “Hands Across the Border” campaign aimed at catching motorists driving under the influence. The five-day campaign kicked off August 31 involving law enforcement agencies in Georgia, Alabama, North Carolina, …
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