Insurance news

• 3 Options for Rental Car Insurance in Europe - NerdWallet (blog)

  08-09-2015 23:20
  NerdWallet (blog)
  3 Options for Rental Car Insurance in Europe
  NerdWallet (blog)
  Renting a car for your vacation in Europe is just the first step in planning a road trip. Now you have to make some key decisions: whether to buy rental car insurance and, if so, whether to purchase a specialty policy or get insurance at the car rental ...and more »
  

• Court OKs One BP Shareholder Class Action But Denies Another

  08-09-2015 23:09
  
  A U.S. appeals court said BP Plc, which in July reached a $18.7 billion settlement of federal, state and local claims over the 2010 Gulf of Mexico oil spill, must face one of two proposed class-action lawsuits claiming that the …
  The article Court OKs One BP Shareholder Class Action But Denies Another appeared first on Insurance Journal.
  
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• N.Y. Music Store Owners Charged With Burning Down Shop for Insurance Money

  08-09-2015 18:58
  
  A married couple who owned a music store and pawn shop in New York’s capital region has been charged with burning it down for insurance money after an investigator examining the claim noticed signs of arson. Gary and Audrey Lane …
  The article N.Y. Music Store Owners Charged With Burning Down Shop for Insurance Money appeared first on Insurance Journal.
  
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• Construction Contractors in Texas Fined $88K for Safety Violations

  08-09-2015 18:48
  
  Federal safety officials have cited two contractors at a construction site in Austin, Texas, for safety violations. Hensel Phelps Construction Co. and CVI Development LLC were cited by the U.S. Department of Labor’s Occupational Safety and Health Administration on Sept. …
  The article Construction Contractors in Texas Fined $88K for Safety Violations appeared first on Insurance Journal.
  
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• Greene & Associates Announces Promotions in New York

  08-09-2015 18:42
  
  Greene & Associates, an East Aurora, New York-based underwriting manager and wholesale broker for excess and surplus lines coverage, promoted Jennifer L. Greene to president. Jennifer Greene first joined the firm in 2000 and has served the firm in all …
  The article Greene & Associates Announces Promotions in New York appeared first on Insurance Journal.
  
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• Court Backs Workers’ Comp Ruling for Assaulted Nebraska Nurse

  08-09-2015 18:32
  
  The Nebraska Supreme Court has upheld a workers’ compensation ruling requiring a Kearney hospital to pay the salary of a former nurse who says she’s unable to work because of psychological injuries she received from three assaults at the hands …
  The article Court Backs Workers’ Comp Ruling for Assaulted Nebraska Nurse appeared first on Insurance Journal.
  
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• Alper Services Adds 5 in Chicago

  08-09-2015 18:31
  
  Alper Services LLC, based in Chicago, has hired five new employees to join the AuditRate, Financial Services, Claims Management Services, Employee Benefits and Personal Lines departments. Andrew Bertucci joins Alper Services as a consultant in the AuditRate Division bringing with …
  The article Alper Services Adds 5 in Chicago appeared first on Insurance Journal.
  
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• Minnesota Science Museum Ends Suit over Leaky Building

  08-09-2015 18:29
  
  The Science Museum of Minnesota has conceded defeat in its legal fight with a design firm over persistent and costly water damage to the $100 million building that is one of the state’s top tourist attractions. Interim museum president John …
  The article Minnesota Science Museum Ends Suit over Leaky Building appeared first on Insurance Journal.
  
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• Ag Losses in Louisiana from Feral Hogs Estimated at $74M

  08-09-2015 18:26
  
  Feral hogs cost Louisiana farmers more than $74 million in crop losses and other damage in 2013, according to a new study by the LSU AgCenter. AgCenter economist Shaun Tanger, who’s been gathering data from farmers about feral hog activity …
  The article Ag Losses in Louisiana from Feral Hogs Estimated at $74M appeared first on Insurance Journal.
  
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• Officials Eye Sky Security After Drone Crashes Into Empty Seats at U.S. Open

  08-09-2015 18:21
  
  A drone crash during a U.S. Open match has tennis officials thinking about whether they can do more to safeguard the sprawling National Tennis Center from such hazards, a spokesman said. “Obviously, it’s something we are looking at” after an …
  The article Officials Eye Sky Security After Drone Crashes Into Empty Seats at U.S. Open appeared first on Insurance Journal.
  
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• General Star Launches Online Excess Auto Program

  08-09-2015 18:07
  
  General Star Management Co. has enhanced its automated excess auto quoting capabilities with its new web-based Excess Auto Instant Quote (EAIQ) platform. The new platform is available to all appointed casualty wholesale brokers on a nationwide basis. The former EAQQ …
  The article General Star Launches Online Excess Auto Program appeared first on Insurance Journal.
  
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• Maine’s MEMIC Group Announces 2 Promotions

  08-09-2015 17:29
  
  The MEMIC Group, a workers’ compensation insurer based in Portland, Maine, promoted Rebecca LeClair to information technology director of Application Development where she will oversee the maintenance and enhancement of MEMIC’s operational information systems on all platforms. LeClair joined MEMIC …
  The article Maine’s MEMIC Group Announces 2 Promotions appeared first on Insurance Journal.
  
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• Japan's Mitsui Sumitomo Insurance to Buy Amlin for $5.3 Billion - Wall Street Journal

  08-09-2015 17:20
  Wall Street Journal
  Japan's Mitsui Sumitomo Insurance to Buy Amlin for $5.3 Billion
  Wall Street Journal
  Japan's Mitsui Sumitomo Insurance Co. MSADY 0.32 % showed its European ambitions Tuesday with an agreement to buy U.K. insurance company Amlin APLCY -0.09 % PLC for £3.47 billion ($5.3 billion), in the latest consolidation of the global insurance ...
  Takeover fever grips insurance as Amlin heads to Japan for £3.5bnThe Independent
  Japan's Mitsui Sumitomo Insurance to buy Amlin
  

• 19 Montana Counties Get Drought Disaster Declaration

  08-09-2015 17:20
  
  Four more Montana counties have been designated as primary natural disaster areas due to crop losses caused by drought. The U.S. Department of Agriculture added Jefferson, Madison, Teton and Toole counties, bringing to 19 the total number of Montana counties …
  The article 19 Montana Counties Get Drought Disaster Declaration appeared first on Insurance Journal.
  
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• Lawsuit over Beer Cup at Idaho Arena Moves Forward, Fraud Claims Dropped

  08-09-2015 17:17
  
  An Idaho judge has tossed out portions of a lawsuit against the owner of a Boise area, where a handful of hockey fans contend they were victims of a beer scam. According to KBOI-TV, Ada County Judge Deborah A. Bail …
  The article Lawsuit over Beer Cup at Idaho Arena Moves Forward, Fraud Claims Dropped appeared first on Insurance Journal.
  
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• Flood Zone Expansion Could Raise Insurance Costs for Some Coloradans

  08-09-2015 17:14
  
  New research shows floods like the one that ransacked northern Colorado two years ago, killing 10 people, might be more common than previously thought _ and that could require more homeowners to get flood insurance and trigger more stringent construction …
  The article Flood Zone Expansion Could Raise Insurance Costs for Some Coloradans appeared first on Insurance Journal.
  
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• Uber Settles with Alaska over Unpaid Workers’ Comp

  08-09-2015 17:12
  
  The ridesharing service Uber has agreed to pay Alaska more than $77,900 in connection to unpaid workers’ compensation insurance for its drivers. In the Aug. 25 settlement, the company admitted no wrongdoing, but agreed not to return to Alaska until …
  The article Uber Settles with Alaska over Unpaid Workers’ Comp appeared first on Insurance Journal.
  
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• North Carolina Insurance Head Urges Lawmakers Not to Cut Driver’s Ed Funding

  08-09-2015 16:59
  
  North Carolina Insurance Commissioner Wayne Goodwin has spoken out against a proposal by state lawmakers to eliminate funding for driver education through public high schools as a way to help close a deficit in the state budget. The proposal was …
  The article North Carolina Insurance Head Urges Lawmakers Not to Cut Driver’s Ed Funding appeared first on Insurance Journal.
  
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• Verisk Names Zurich’s Mourad as Senior VP Commercial Lines

  08-09-2015 16:58
  
  Maroun Mourad, most recently with Zurich Insurance, has joined insurance information provider Verisk Insurance Solutions as senior vice president of Commercial Lines Domestic and Global, ISO Insurance Programs and Analytic Services. In his new role, Mourad will help the firm …
  The article Verisk Names Zurich’s Mourad as Senior VP Commercial Lines appeared first on Insurance Journal.
  
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• Pending Mergers Will Harm Health Insurance Competition: AMA

  08-09-2015 16:50
  
  The nation’s doctors say the proposed mergers among four of the nation’s largest health insurance companies would violate federal antitrust guidelines and seriously erode health insurance competition. According to new special analyses of commercial health insurance markets issued today by …
  The article Pending Mergers Will Harm Health Insurance Competition: AMA appeared first on Insurance Journal.
  
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• QBE North America Names Fireman’s Fund’s Zortman as President, Standard Lines

  08-09-2015 16:29
  
  QBE North America said that it has named former Fireman’s Fund executive Kathleen O. Zortman as president, Standard Lines, for property/casualty insurance.  Zortman will have responsibility for QBE North America’s commercial, personal, program and agriculture businesses. Zortman has been an …
  The article QBE North America Names Fireman’s Fund’s Zortman as President, Standard Lines appeared first on Insurance Journal.
  
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• How Population Shifts Are Changing Personal Lines Insurance

  08-09-2015 16:13
  
  There are “far-reaching implications” for personal lines insurers and the products and services they provide as the U.S. continues to undergo changes in its demographic structure, an industry report states. The third annual overview of personal lines insurance consumer markets …
  The article How Population Shifts Are Changing Personal Lines Insurance appeared first on Insurance Journal.
  
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• BASF Case Shows How Liabilities May Emerge Long After Acquisition

  08-09-2015 15:01
  
  When BASF SE acquired Engelhard Corp. nine years ago for $5 billion, executives unknowingly inherited a ticking legal time bomb. It all began decades ago over the seemingly mundane industrial product talc, used in everything from wallboards to handling auto …
  The article BASF Case Shows How Liabilities May Emerge Long After Acquisition appeared first on Insurance Journal.
  
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• Clarke Appointed PartnerRe President as Acquisition by EXOR Progresses

  08-09-2015 14:59
  
  Partner Re announced that its Board of Directors has appointed Emmanuel Clarke as President of PartnerRe Ltd. effective immediately. He will be responsible for leading and managing all of the Company’s operations. PartnerRe also said that David Zwiener, Interim President …
  The article Clarke Appointed PartnerRe President as Acquisition by EXOR Progresses appeared first on Insurance Journal.
  
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• 15,000 Schools Located Within ‘Blast Zone’ of Oil Trains

  08-09-2015 14:15
  
  Thousands of U.S. schools sit along rail corridors used to carry toxic substances such as crude oil and would be at risk in the event of a derailment, an environmental group said on Tuesday as it called for a temporary …
  The article 15,000 Schools Located Within ‘Blast Zone’ of Oil Trains appeared first on Insurance Journal.
  
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• Castel Underwriting Agencies Appoints Powell as 1st Claims Manager

  08-09-2015 12:47
  
  Castel Underwriting Agencies, the club-style MGA formation platform, has today appointed Vanessa Powell as its first claims manager. Powell joins from Mitsui Sumitomo Insurance Group where she was aviation claims manager. She has over 30 years’ experience across all classes of …
  The article Castel Underwriting Agencies Appoints Powell as 1st Claims Manager appeared first on Insurance Journal.
  
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• Zurich to Arrange $8.4 Billion in Financing for Takeover of UK’s RSA: Sources

  08-09-2015 12:34
  
  Zurich Insurance Group AG has arranged 5.5 billion pounds ($8.4 billion) in financing for the takeover of smaller rival RSA Insurance Group plc, according to people with knowledge of the plan, signaling the Swiss insurer is getting closer to proceeding with a formal offer. Zurich …
  The article Zurich to Arrange $8.4 Billion in Financing for Takeover of UK’s RSA: Sources appeared first on Insurance Journal.
  
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• Xuber Survey Finds London Insurance Execs Fear ‘Brexit’

  08-09-2015 12:09
  
  Xuber, Xchanging’s insurance software business, has published a survey, which concludes that almost three-quarters (71 percent) of insurance executives believe a UK exit from the European Union would be bad for business in the London insurance market. According to the …
  The article Xuber Survey Finds London Insurance Execs Fear ‘Brexit’ appeared first on Insurance Journal.
  
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• BHSI Enters Australia Construction Insurance Market; Appoints Team Execs

  08-09-2015 11:34
  
  Berkshire Hathaway Specialty Insurance Company (BHSI) announced it is providing comprehensive insurance and services for the construction industry in Australia and named a team of executives to oversee key areas of its construction business. BHSI said it is offering construction …
  The article BHSI Enters Australia Construction Insurance Market; Appoints Team Execs appeared first on Insurance Journal.
  
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• RSA to Sell Latin American Business to Suramericana

  08-09-2015 10:15
  
  RSA Insurance Group, which received a takeover approach from Zurich Insurance Group AG, agreed to sell its Latin American operations to Suramericana SA for about 403 million pounds ($618 million) in cash. The sale will be “significantly” positive for RSA’s capital, the company …
  The article RSA to Sell Latin American Business to Suramericana appeared first on Insurance Journal.
  
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• Mitsui Sumitomo to Buy Amlin for $5.3B, Latest in Japanese Overseas Deals

  08-09-2015 09:54
  
  MS&AD Insurance Group Holdings Inc. agreed to buy Lloyd’s of London insurer Amlin plc for about 3.47 billion pounds ($5.3 billion), joining an overseas deal spree by Japanese peers. Amlin shares surged. The Tokyo-based company’s Mitsui Sumitomo Insurance Co. unit will pay 670 …
  The article Mitsui Sumitomo to Buy Amlin for $5.3B, Latest in Japanese Overseas Deals appeared first on Insurance Journal.
  
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• Palmer & Cay of Texas: Focused on Specialization

  08-09-2015 07:49
  
  Georgia-based Palmer & Cay may have a lot of history behind it but what’s driving the expansion of the independent insurance brokerage into Texas is a very modern sense of what it takes to succeed in the marketplace today, two key …
  The article Palmer & Cay of Texas: Focused on Specialization appeared first on Insurance Journal.
  
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• 2 Miami Residents Accused of Conducting $200K in Illegal Insurance Transactions

  08-09-2015 07:09
  
  The Florida Department of Financial Services’ Division of Insurance Fraud (DIF) announced the arrests of Miami residents Alina Del Prado, 60, and Karla Patricia Figueroa, 40, who are accused of deceptively using unsuspecting licensed insurance representatives’ licenses to defraud Florida …
  The article 2 Miami Residents Accused of Conducting $200K in Illegal Insurance Transactions appeared first on Insurance Journal.
  
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• Kentucky Stretch of Mississippi River Reopens After Oil Spill

  08-09-2015 06:52
  
  A 17-mile stretch of Mississippi River in Kentucky has reopened with restrictions after it was closed following a collision between two tow boats that spilled more than 120,000 gallons of oil into the waterway, the U.S. Coast Guard said Saturday. …
  The article Kentucky Stretch of Mississippi River Reopens After Oil Spill appeared first on Insurance Journal.
  
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• Florida City Approves Ridesharing, Taxi Rules

  08-09-2015 06:39
  
  Gainesville, Fla., has passed new rules for private car-sharing companies like Uber to operate in the city. The City Commission passed regulations that apply to both taxis and companies like Uber. Mayor Ed Braddy told The Gainesville Sun that the …
  The article Florida City Approves Ridesharing, Taxi Rules appeared first on Insurance Journal.
  
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• West Virginia Explosion Victims’ Families to Receive $15 Million Insurance Settlement

  08-09-2015 06:35
  
  A judge in West Virginia has approved the distribution of more than $15 million in insurance funds to the families of three workers killed in a plant explosion. The Weirton Daily Times reports that the families plan to dismiss wrongful …
  The article West Virginia Explosion Victims’ Families to Receive $15 Million Insurance Settlement appeared first on Insurance Journal.
  
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• Doctors' Association Sees Harm in Insurance Mergers - New York Times

  08-09-2015 06:03
  New York Times
  Doctors' Association Sees Harm in Insurance Mergers
  New York Times
  WASHINGTON — Doctors and hospitals are stepping up their criticism of proposed health insurance company mergers. In a new study to be released on Tuesday, the American Medical Association says that most insurance markets in the United States are ...
  Experts: Pending Health Insurance Mergers Will Hit Patients Right In The WalletThinkProgress
  AMA says insurance mergers will raise premiums and hurt quality
  

• Japan’s Mitsui Sumitomo Preparing to Buy Amlin: Report

  08-09-2015 01:15
  
  Japan’s Mitsui Sumitomo Insurance Co. is in talks to buy Lloyd’s of London insurer Amlin Plc in a deal that could be announced as soon as Tuesday, according to a person with knowledge of the matter. The acquisition could cost …
  The article Japan’s Mitsui Sumitomo Preparing to Buy Amlin: Report appeared first on Insurance Journal.
  
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