Insurance news

• Life Insurance Agents and Commissions: What You Should Know - NerdWallet (blog)

  09-09-2015 22:27
  NerdWallet (blog)
  Life Insurance Agents and Commissions: What You Should Know
  NerdWallet (blog)
  When shopping for life insurance, it's important to know how agents get paid. Commissions can play a big role in which policies agents promote and how much coverage you get for your money. How insurance commissions work. Commissions vary by ...
  

• Research and Markets: Governance, Risk and Compliance in the Sudanese ... - Business Wire (press release)

  09-09-2015 21:26
  Research and Markets: Governance, Risk and Compliance in the Sudanese ...
  Business Wire (press release)
  Governance, Risk and Compliance - The Sudanese Insurance Industry' report is the result of extensive research into the insurance regulatory framework in Sudan. It provides detailed analysis of the insurance regulations for life, property, motor ...and more »
  

• Nationwide Insurance to Raise Its Minimum Wage to $15

  09-09-2015 21:25
  
  Columbus, Ohio-based  Nationwide Insurance said it will raise its minimum pay rate to $15 per hour over the next nine months. The change affects approximately 900 current employees across 25 locations for jobs in call centers, field and staff office …
  The article Nationwide Insurance to Raise Its Minimum Wage to $15 appeared first on Insurance Journal.
  
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• Nationwide Insurance to Raise Its Minimum Hourly Wage to $15

  09-09-2015 21:25
  
  Columbus, Ohio-based  Nationwide Mutual Insurance said it will raise its minimum pay rate to $15 per hour over the next nine months. The change affects approximately 900 current employees across 25 locations for jobs in call centers, field and staff …
  The article Nationwide Insurance to Raise Its Minimum Hourly Wage to $15 appeared first on Insurance Journal.
  
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• Willis Names Lockton’s Silverstein Senior VP for National Casualty

  09-09-2015 20:18
  
  Willis North America has appointed Eric Silverstein, formerly of Lockton, as senior vice president of National Casualty. In this role, Silverstein will support workers’ compensation, primary and excess casualty, product recall and international casualty products.   Silverstein, who is based …
  The article Willis Names Lockton’s Silverstein Senior VP for National Casualty appeared first on Insurance Journal.
  
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• U.S. Chinese Drywall Victims Face China’s Legal Wall of Immunity

  09-09-2015 19:30
  
  More than a year after suing the Cabinet agency that oversees China’s biggest state-owned companies, lawyers for people who say their homes were ruined by drywall made in China are still trying to get the lawsuit served on the State-Owned …
  The article U.S. Chinese Drywall Victims Face China’s Legal Wall of Immunity appeared first on Insurance Journal.
  
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• The Little-Known Ways Renters Insurance Could Save You Money - Fox News

  09-09-2015 19:25
  The Little-Known Ways Renters Insurance Could Save You Money
  Fox News
  Nearly all homeowners (95%) have homeowners insurance, but renters insurance isn't nearly as popular, according to a 2014 poll from the Insurance Information Institute. In that survey, only 37% of renters said they had such policies, though that's an ...
  

• Juncker pushes for European savings insurance - Deutsche Welle

  09-09-2015 19:17
  Deutsche Welle
  Juncker pushes for European savings insurance
  Deutsche Welle
  The Greek debt crisis from this past summer featured dramatic footage of citizens on bank runs. The European Commission is now pushing a common deposit insurance scheme to prevent such scenes in the future. Greeks line up at bank to withdraw their ...
  EU to present deposit-insurance plan by year end, Juncker saysKathimeriniall 4,819 news articles »
  

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• HSB Expands Equipment Breakdown, Tech Insurance for 'Invisible' Risks - Insurance Journal

  09-09-2015 18:49
  HSB Expands Equipment Breakdown, Tech Insurance for 'Invisible' Risks
  Insurance Journal
  The Hartford Steam Boiler Inspection and Insurance Co. (HSB) is expanding the availability of HSB TechAdvantage, an equipment breakdown insurance that covers undetectable physical damage to microelectronics, by offering policies through agents and ...and more »
  

• HSB Expands Equipment Breakdown, Tech Insurance for ‘Invisible’ Risks

  09-09-2015 18:49
  
  The Hartford Steam Boiler Inspection and Insurance Co. (HSB) is expanding the availability of HSB TechAdvantage, an equipment breakdown insurance that covers undetectable physical damage to microelectronics, by offering policies through agents and brokers. “Technology is leaping ahead with new …
  The article HSB Expands Equipment Breakdown, Tech Insurance for ‘Invisible’ Risks appeared first on Insurance Journal.
  
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• Security Mutual Picks BizEquity - Insurance Networking News

  09-09-2015 18:42
  Security Mutual Picks BizEquity
  Insurance Networking News
  Life insurer Security Mutual Life Insurance Co. of New York has selected BizEquity to provide a private labeled version of BizEquity's Advisor Office business valuation service. The agreement will enable some of the insurer's advisors to access ...and more »
  

• Survey: Many Drivers Unaware of Auto Safety Technology

  09-09-2015 18:32
  
  Adaptive cruise control has been an option on some cars for almost a decade. But in a recent national survey, 65 percent of U.S. drivers didn’t know what it was. The survey, by the University of Iowa Public Policy Center’s …
  The article Survey: Many Drivers Unaware of Auto Safety Technology appeared first on Insurance Journal.
  
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• 2 Hurt as Freight Trains Collide in Texas

  09-09-2015 18:26
  
  Two crew members were hurt when two freight trains hauling new vehicles collided on Union Pacific property in Northeast Texas. UP spokesman Jeff DeGraff says four cars derailed early on Sept. 8 in Texarkana, Texas. Authorities are trying to determine why …
  The article 2 Hurt as Freight Trains Collide in Texas appeared first on Insurance Journal.
  
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• Report: Florida Ranks 2nd in U.S. in Natural Disaster Risk

  09-09-2015 18:19
  
  A new report says Florida ranks second only to California in the number of homes at risk for a natural disaster. The research firm, RealtyTrac, said in a report released last week that Florida had 6.7 million homes in counties …
  The article Report: Florida Ranks 2nd in U.S. in Natural Disaster Risk appeared first on Insurance Journal.
  
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• Insurance prices head higher with increased driving - Fremont Tribune

  09-09-2015 18:17
  Insurance prices head higher with increased driving
  Fremont Tribune
  With the University of Nebraska's season opener and the Nebraska State Fair landing on Labor Day weekend, the highways were busy and the Nebraska State Patrol and other law enforcement agencies were out in force. There are plenty of reasons to take ...
  

• More evidence insurance lowers health costs - Houston Chronicle (subscription)

  09-09-2015 18:16
  Houston Chronicle (subscription)
  More evidence insurance lowers health costs
  Houston Chronicle (subscription)
  A family reviews Affordable Care Act insurance marketplace information at a health fair at the University of Houston during the 2014 enrollment. period. A family reviews Affordable Care Act insurance marketplace... Regularly seeing a doctor, early ...
  Insurance Expansion Means Boom in Chronic Illness DiagnosesMedscape
  Wellthie develops small business insurance tool for group-to-individu
  

• Freddie Gray’s Family Reaches $6.4M Settlement With City of Baltimore

  09-09-2015 18:08
  
  The family of Freddie Gray, who died after being critically injured in police custody, reached a tentative $6.4 million wrongful death settlement with the city of Baltimore, resolving civil claims about a week after the first hearing in the criminal …
  The article Freddie Gray’s Family Reaches $6.4M Settlement With City of Baltimore appeared first on Insurance Journal.
  
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• Members of Ohio Auto Insurance Fraud Ring Sentenced - Insurance Journal

  09-09-2015 17:45
  Members of Ohio Auto Insurance Fraud Ring Sentenced
  Insurance Journal
  Two additional members of a Cincinnati-area fraudulent auto insurance claim ring have been sentenced in Hamilton County Common Pleas Court, the Ohio Department of Insurance announced. The three main participants in the ring have now been ...
  

• Members of Ohio Auto Insurance Fraud Ring Sentenced

  09-09-2015 17:45
  
  Two additional members of a Cincinnati-area fraudulent auto insurance claim ring have been sentenced in Hamilton County Common Pleas Court, the Ohio Department of Insurance announced. The three main participants in the ring have now been sentenced for filing fraudulent …
  The article Members of Ohio Auto Insurance Fraud Ring Sentenced appeared first on Insurance Journal.
  
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• Arkansas Law Increases Penalties for Boating While Intoxicated

  09-09-2015 17:43
  
  A new Arkansas law prompted by the deaths of two University of Arkansas students makes driving a boat while intoxicated as serious as driving a car while impaired. The law, which went into effect this summer, was enacted following the …
  The article Arkansas Law Increases Penalties for Boating While Intoxicated appeared first on Insurance Journal.
  
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• Willis Names Wightman as Regional Surety Practice Leader

  09-09-2015 17:41
  
  Willis North America has appointed David S.J. Wightman, as senior vice president and West Region surety practice leader, Willis North America. He is based in Houston. Wightman joins Willis from Aon where he most recently served as director, Southwest Region, …
  The article Willis Names Wightman as Regional Surety Practice Leader appeared first on Insurance Journal.
  
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• EPIC Adds Connelly in Greyling Insurance Brokers Division

  09-09-2015 17:40
  
  EPIC Insurance Brokers and Consultants, a retail property/casualty insurance brokerage and employee benefits consultant, hired Jeff Connelly as senior vice president/client executive in EPIC’s Greyling Insurance Brokers Division. He is based in the firm’s St. Louis, Mo., office. Connelly will …
  The article EPIC Adds Connelly in Greyling Insurance Brokers Division appeared first on Insurance Journal.
  
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• XL Catlin Forms New Leadership Team for Germany

  09-09-2015 17:38
  
  XL Catlin has announced a new insurance leadership team for Germany. The integration process is now well underway across XL Catlin, with the company maintaining a strong focus on bringing together and retaining its top talent throughout its global operations, …
  The article XL Catlin Forms New Leadership Team for Germany appeared first on Insurance Journal.
  
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• For health insurance startup Oscar, it's get bought—or go bust - Fortune

  09-09-2015 17:38
  For health insurance startup Oscar, it's get bought—or go bust
  Fortune
  In a consolidating health insurance industry, one New York startup is rising above the trend. The big question: Is its unprofitable trajectory sustainable? “Oscar has hundreds of millions in funding,” screams a September 3 article in Bloomberg ...
  

• California Struggles with Wildfires, Thunderstorms, Triple-Digit Heat

  09-09-2015 17:27
  
  Wildfires burned amid a week of triple-digit temperatures across California, while some sections of the state saw sudden thunderstorms and flash floods. High temperatures were expected from Sacramento to San Bernardino, Fresno to Fullerton in a heatwave forecast to last …
  The article California Struggles with Wildfires, Thunderstorms, Triple-Digit Heat appeared first on Insurance Journal.
  
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• California Climate Change Bills Unlikely to See Easy Passage

  09-09-2015 17:23
  
  California lawmakers negotiated frantically behind the scenes on Tuesday over the fate of several proposals to dramatically reduce the state’s use of fossil fuels and slash the amount of greenhouse gases that legally could be emitted.   The measures, part …
  The article California Climate Change Bills Unlikely to See Easy Passage appeared first on Insurance Journal.
  
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• 297K Illinois residents bought health insurance through marketplace - WLS-TV

  09-09-2015 17:07
  WLS-TV
  297K Illinois residents bought health insurance through marketplace
  WLS-TV
  Those who are not covered by health insurance have just over a week to enroll for "Get Covered Illinois" before the deadline. AP. Wednesday, September 09, 2015 10:07AM. Federal officials say more than 297,000 Illinois residents have signed up and paid ...
  Health insurance signups near 10 million in midyear reportBusiness Insider
  Obama administration on track for 2015 health insurance sign-upsPBS NewsHour (blo
  

• Hub Acquires Assets of Brown Agency in Alaska

  09-09-2015 17:01
  
  Hub International Ltd. has acquired the assets of Brown Agency Inc. in Kenai, Alaska. Terms of the deal were not disclosed. Brown is a multi-line agency providing commercial and personal insurance services, as well as employee benefit products.  Doug Brown, …
  The article Hub Acquires Assets of Brown Agency in Alaska appeared first on Insurance Journal.
  
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• Affordable Care Act Marketplaces Enroll 9.9 Million

  09-09-2015 16:59
  
  About 9.9 million people got health insurance coverage through the marketplaces set up by the Patient Protection and Affordable Care Act as of June 30, a decline from earlier in the year though still higher than the Obama administration’s target. …
  The article Affordable Care Act Marketplaces Enroll 9.9 Million appeared first on Insurance Journal.
  
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• Holborn Hires Thaler as Executive VP in New York

  09-09-2015 16:52
  
  Holborn, an independent reinsurance broker based in New York, hired Roderick P. Thaler as executive vice president. In this role, Thaler will serve as a member of Holborn’s Franchise Operating Committee and will be responsible for the oversight of a …
  The article Holborn Hires Thaler as Executive VP in New York appeared first on Insurance Journal.
  
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• Maine Issues Bulletin on Insurance Scoring, Adverse Action Notices

  09-09-2015 16:51
  
  The Maine Bureau of Insurance recently issued a bulletin advising insurers in the state that use credit information in underwriting or rating personal insurance policies. The bulletin examined the topic of insurance scoring and adverse action notices. Maine Insurance Superintendent …
  The article Maine Issues Bulletin on Insurance Scoring, Adverse Action Notices appeared first on Insurance Journal.
  
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• SCOR’s ‘Optimal Dynamics’ Plan Producing Results

  09-09-2015 15:59
  
  French reinsurer SCOR Group held its annual Investor Day being today in Paris, highlighted by an overview of the successful implementation of the company’s strategic plan “Optimal Dynamics” in its first two years. SCOR’s Chairman & CEO Denis Kessler said: …
  The article SCOR’s ‘Optimal Dynamics’ Plan Producing Results appeared first on Insurance Journal.
  
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• Ex-Dewey Executives Did Not Defraud Law Firm, Defense Says

  09-09-2015 15:56
  
  The collapse of Dewey & LeBoeuf, once one of the biggest U.S. law firms, was due not to fraud by top executives but defections by its highest-earning partners, defense lawyers told jurors on Tuesday at the close of a criminal …
  The article Ex-Dewey Executives Did Not Defraud Law Firm, Defense Says appeared first on Insurance Journal.
  
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• Insurance rates could skyrocket for some - McPherson Sentinel

  09-09-2015 15:34
  Insurance rates could skyrocket for some
  McPherson Sentinel
  Kansas residents who purchase health insurance on their own could see their premiums increase up to 25.4 percent next year under new rates approved by the state's Insurance Department last week. email print. Comment. By Josh Arnett Staff Writer.
  

• Hurricane Season’s Peak: Gone with the Wind Shear

  09-09-2015 15:32
  
  The day during the Atlantic hurricane season when a tropical storm or worse is most likely to be swirling around the basin may come and go with a whimper. The best the Atlantic probably will come up with by Thursday, …
  The article Hurricane Season’s Peak: Gone with the Wind Shear appeared first on Insurance Journal.
  
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• What Travel Insurance Really Covers - CBS Local

  09-09-2015 14:43
  CBS Local
  What Travel Insurance Really Covers
  CBS Local
  MIAMI (CBSMiami) – It may have happened to you at one time or another. You plan a great vacation only to be faced with something going wrong. While typical travel insurance can reimburse you for lost luggage or canceled flights, more extensive plans ...
  

• Citizens Insurance rate hikes approved for 2016 - WJXT Jacksonville

  09-09-2015 13:55
  WJXT Jacksonville
  Citizens Insurance rate hikes approved for 2016
  WJXT Jacksonville
  The state-backed Citizens Property Insurance Corp. on Tuesday received approval of rate changes for 2016, with some tweaks that are expected to spread additional costs to policyholders in coastal areas.
  State approves rate hikes for Citizens insuranceSun Sentinel
  Home property insurance on rise but the risk is fallingBradenton Heraldall 33 news articles »
  

• Should homeowner use insurance to replace damaged roof? - Washington Post (blog)

  09-09-2015 13:34
  Should homeowner use insurance to replace damaged roof?
  Washington Post (blog)
  I was wondering how you feel about using homeowners insurance for getting a roof replaced. I have had insurance with the same company since 1995 and never made a claim. I have hail damage, and my roof is 20 years old. So, should I pay for the roof, ...
  

• Number of Arizonans with federal marketplace insurance drops - Arizona Daily Sun

  09-09-2015 13:18
  Number of Arizonans with federal marketplace insurance drops
  Arizona Daily Sun
  PHOENIX (AP) — The number of Arizonans who have health insurance plans purchased on the federal marketplace dropped by about 11,000 between March and June. The enrollment figures released Tuesday by the U.S. Health & Human Services ...and more »
  

• Homeowners in high fire-risk areas are upset over soaring insurance rates - Los Angeles Times

  09-09-2015 13:02
  Los Angeles Times
  Homeowners in high fire-risk areas are upset over soaring insurance rates
  Los Angeles Times
  Soaring insurance rates may accomplish what the Telegraph fire failed to do: drive the Stoffan family from their home of 10 years. The Stoffans' Northern California house survived the 2008 blaze, which destroyed 30 homes and 100 other structures as it ...and more »
  

• Colorado Flood Zones Could Expand, Raise Insurance Costs - ClaimsJournal.com

  09-09-2015 12:55
  ClaimsJournal.com
  Colorado Flood Zones Could Expand, Raise Insurance Costs
  ClaimsJournal.com
  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 ...and more »
  

• Ohio leads nation in metal-theft insurance claims - Columbus Dispatch

  09-09-2015 12:00
  Columbus Dispatch
  Ohio leads nation in metal-theft insurance claims
  Columbus Dispatch
  Request to buy this photo DISPATCH FILE PHOTO Thieves tore apart a kitchen wall to remove copper pipes in this empty apartment in North Linden. View Larger. Connect With Us. Facebook · Twitter · E-Newsletters · RSS Feeds · Mobile Text Alerts.
  Ohio leads country in insurance claims for copper theftMacon Telegraphall 30 news articles »
  

• RSA’s Sale of Latin America Operations ‘Could Ease’ Zurich Takeover

  09-09-2015 11:09
  
  British insurer RSA is selling its Latin American operations to Colombia’s GrupoSura for £403 million ($617 million) in a deal that could ease RSA’s own takeover by Zurich Insurance. The sale is the latest move by Chief Executive Stephen Hester …
  The article RSA’s Sale of Latin America Operations ‘Could Ease’ Zurich Takeover appeared first on Insurance Journal.
  
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• Global Reinsurers’ Capital Remains Stable on Underlying Basis: Aon Benfield Report

  09-09-2015 11:03
  
  The latest edition of the Aon Benfield Aggregate (ABA) report estimates that “global reinsurer capital totaled $565 billion at June 30, 2015. The headline reduction of 2 percent relative to the end of 2014 was driven by strengthening of the …
  The article Global Reinsurers’ Capital Remains Stable on Underlying Basis: Aon Benfield Report appeared first on Insurance Journal.
  
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• Makers of Self-Driving Cars Could Shoulder Burden of Insurance Liability - Insurance Journal

  09-09-2015 10:17
  Automotive News
  Makers of Self-Driving Cars Could Shoulder Burden of Insurance Liability
  Insurance Journal
  Hacker attacks or faulty software could shift the burden of legal and regulatory liability toward makers of self-driving cars and away from customers, experts say, forcing regulators and insurers to develop new models. Autonomous cars have the ...
  Autonomous cars could shift insurance liability toward automakersAutomotive News
  Self-driving cars shift insurance liability toward manufacturer
  

• Makers of Self-Driving Cars Could Shoulder Burden of Insurance Liability

  09-09-2015 10:01
  
  Hacker attacks or faulty software could shift the burden of legal and regulatory liability toward makers of self-driving cars and away from customers, experts say, forcing regulators and insurers to develop new models. Autonomous cars have the potential to reduce …
  The article Makers of Self-Driving Cars Could Shoulder Burden of Insurance Liability appeared first on Insurance Journal.
  
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• Amlin Deal Puts M&A Spotlight on 4 Remaining Publicly Traded Lloyd’s Insurers

  09-09-2015 09:41
  
  Amlin Plc’s $5.3 billion takeover by a Japanese competitor has put the remaining four publicly traded Lloyd’s of London insurers in the spotlight for a possible takeover. Beazley Plc, Hiscox Ltd., Lancashire Holdings Ltd. and Novae Group Plc all rallied …
  The article Amlin Deal Puts M&A Spotlight on 4 Remaining Publicly Traded Lloyd’s Insurers appeared first on Insurance Journal.
  
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• Georgia Tackles Changing Behavior of Repeat DUI Offenders

  09-09-2015 08:03
  
  In courtrooms around the country, judges are teaming up with prosecutors, defense attorneys, parole officers and substance abuse counselors to make long-term changes in the behavior of people with multiple arrests for impaired driving. DWI or DUI courts are among …
  The article Georgia Tackles Changing Behavior of Repeat DUI Offenders appeared first on Insurance Journal.
  
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• Florida Approves Citizens’ 2016 Rates With Minor Adjustments

  09-09-2015 07:56
  
  The Florida Office of Insurance Regulation has approved a slate of 2016 property insurance rates for Citizens Property Insurance Corp. In an order signed September 8 by Florida Commissioner Kevin McCarty, FLOIR set the rates for Citizens multi-peril and coastal …
  The article Florida Approves Citizens’ 2016 Rates With Minor Adjustments appeared first on Insurance Journal.
  
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• Brit Hires Stepanishen to Lead U.S. Inland Marine Team in New York

  09-09-2015 05:55
  
  Brit Ltd, a global specialty insurer and reinsurer based in London, hired Kent Stepanishen as senior vice president to launch a new Inland Marine team for Brit Global Specialty USA. Stepanishen will write Inland Marine targeting, builder’s risk, contractors’ equipment …
  The article Brit Hires Stepanishen to Lead U.S. Inland Marine Team in New York appeared first on Insurance Journal.
  
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