Insurance news

• Insurance rates for teen drivers costly for parents - WAVE 3

  09-10-2015 23:44 via
  Insurance rates for teen drivers costly for parents
  WAVE 3
  LOUISVILLE, KY (WAVE) - Giving a teenager the keys to the family car is a big milestone. It can also be a big financial hit for parents who have to pay higher car insurance rates. Now, a new study shows ways to try and minimize the damage. If you are ...
  

• Another Report Shows California Workers’ Comp Reforms Working

  09-10-2015 23:43
  
  A new study on worker’s compensation across 17 states shows that reforms sometimes work – and such is the case of sweeping reforms made in California, the report shows. The Workers Compensation Research Institute, an independent, not-for-profit research organization based …
  
  Read more

• U.S. judge approves settlement for Lac-Megantic oil train disaster victims

  09-10-2015 23:05
  (Reuters) — A U.S. bankruptcy judge on Friday approved a settlement that clears the way for payments to victims of Canada's Lac-Megantic crude-by-rail derailment, according to the trustee for the insolvent railway at the heart of the disaster.
  
  Read more

• HIV Patients Do Better With Insurance Than Drug Assistance - Medscape

  09-10-2015 22:46 via
  HIV Patients Do Better With Insurance Than Drug Assistance
  Medscape
  SAN DIEGO — Low-income HIV patients who transitioned to Affordable Care Act health plans in Virginia, a state that did not expand Medicaid, had better outcomes and were more likely to attain viral suppression than their peers who continued to receive ...and more »
  

• Advertisement

• 4 secrets insurance companies don't tell you - KSL.com

  09-10-2015 22:23 via
  KSL.com
  4 secrets insurance companies don't tell you
  KSL.com
  This story is sponsored by Robert J. Debry and Associates - More than 200 years of combined experience practicing personal injury law. A small fender bender. That's all it was. However, it carried with it lasting consequences. You are now experiencing ...and more »
  

• Audit: Maryland health-insurance site failed to protect patient information - Stars and Stripes

  09-10-2015 22:19 via
  Audit: Maryland health-insurance site failed to protect patient information
  Stars and Stripes
  President Obama signed a bill Wednesday night making an important change to Obamacare that will prevent health insurance premiums for 3 million people from going up next year. The Democratic threat to Obamacare. Maryland's troubled health insurance ...and more »
  

• TowneBank in Virginia Buys Three Insurance Agencies - American Banker

  09-10-2015 22:16 via
  TowneBank in Virginia Buys Three Insurance Agencies
  American Banker
  The $6.1 billion-asset TowneBank acquired Invincia Insurance Solutions in Chesterfield, Total Insurance Planning in Midlothian and B.H. Baird Insurance in Warsaw. To continue, please sign in or subscribe. FREE 14-DAY. TRIAL. Full access to banking's ...
  

• EPA’s new Volkswagen probe may reveal failure to disclose

  09-10-2015 22:16
  
  The EPA is investigating a second emissions-control software program on Volkswagen AG cars that were rigged to pass pollution tests, one that the automaker may have failed to properly disclose.
  
  Read more

• Advertisement

• IRS slightly boosts medical outcomes research fee

  09-10-2015 22:11
  
  A medical outcomes research fee mandated by the health care reform law and paid by self-funded employers and insurers is going up slightly, the Internal Revenue Service said.
  
  Read more

• P&C Insurance: Competence In The Boring Stuff - ValueWalk

  09-10-2015 22:07 via
  ValueWalk
  P&C Insurance: Competence In The Boring Stuff
  ValueWalk
  Get the entire 10-part series on Warren Buffett in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues. Warren Buffett. P&C insurance is within our circle of competence from a knowledge and investing standpoint. From our ...
  

• Reinsurance group acquires life and health units - Business Insurance

  09-10-2015 22:06 via
  Insurance Business America
  Reinsurance group acquires life and health units
  Business Insurance
  Nassau Reinsurance Group L.P. has announced that it will acquire White Plains, New York-based Universal American Corp.'s life and health insurance units for approximately $43 million. Expected to close in early 2016, the deal consists of Universal ...
  Morning Briefing: World's number one insurance brand is...?Insurance Business America
  Nassau Reinsurance Group to Acquire Traditional Insurance Bus
  

• Reinsurance group acquires life and health units

  09-10-2015 22:01
  
  Nassau Reinsurance Group L.P. has announced that it will acquire White Plains, New York-based Universal American Corp.’s life and health insurance units for approximately $43 million.
  
  Read more

• Dow Jones says hackers may have accessed data of 3,500 users

  09-10-2015 21:25
  
  Dow Jones, owner of the Wall Street Journal, said payment card and contact information belonging to fewer than 3,500 current and former subscribers may have been accessed, though it found no direct evidence that any information was stolen.
  
  Read more

• Affiliated investment firms settle SEC trading violations charges

  09-10-2015 21:15
  
  Two units of an investment firm will pay more than $1 million to settle Securities and Exchange Commission charges that they improperly shared nonpublic information, the SEC said Thursday.
  
  Read more

• UCare dropping lawsuit over Minnesota state health insurance contract - Minneapolis Star Tribune

  09-10-2015 21:10 via
  Minneapolis Star Tribune
  UCare dropping lawsuit over Minnesota state health insurance contract
  Minneapolis Star Tribune
  Jim Mone UCare dropped its lawsuit against the state that sought to restore the firm as an option for Minnesotans enrolling in state public health insurance programs next year. Text size. comment. share. tweet. email. Print. more. Share on: Share on ...and more »
  

• Towers Watson shareholder says Willis merger 'destroys' value

  09-10-2015 21:05
  Leading Towers Watson shareholder Driehaus Capital Management is not a fan of the firm's proposed merger with Willis Group Holdings and is urging other shareholders to oppose the deal.
  
  Read more

• Worker fired over shrug gets age bias case reinstated

  09-10-2015 20:52
  A federal appeals court has reinstated an age discrimination claim filed by a 20-year employee of a meat company who was immediately terminated after he only shrugged his shoulders in response to a routine question because his mouth was full of coffee.
  
  Read more

• California Bill Requiring Earthquake Reports on Water Infrastructure Signed

  09-10-2015 20:20
  
  California Gov. Jerry Brown on Friday signed into law a plan to require regional water-management officials to report the vulnerability of their water systems to an earthquake. Senate Bill 664, authored by Sen. Bob Hertzberg, D-Van Nuys, addresses Urban Water …
  
  Read more

• Former Senator Nelson resigns as NAIC chief

  09-10-2015 20:07
  Former U.S. Sen. Earl Benjamin Nelson of Nebraska said Thursday that he would not renew his contract as CEO of the National Association of Insurance Commissioners. His term ends January 2016.
  
  Read more

• Severe flooding continues to threaten South Carolina

  09-10-2015 19:31
  
  High water levels are still posing a threat in South Carolina, and the situation is expected to worsen, according to catastrophe modeling firm AIR Worldwide.
  
  Read more

• Delaware's Pumpkin Flinging Event Canceled Due to Insurance Issues - Insurance Journal

  09-10-2015 19:05 via
  Delaware's Pumpkin Flinging Event Canceled Due to Insurance Issues
  Insurance Journal
  For the second year in a row, Delaware's annual pumpkin flinging contest has been squashed. Organizers of the World Championship Punkin Chunkin said Thursday that this year's event, scheduled for next month at Dover International Speedway in Dover, ...and more »
  

• Employers to see comp rates nudge upwards

  09-10-2015 19:01
  Idaho employers will see slightly higher workers compensation rates in 2016, the state’s Department of Insurance said.
  
  Read more

• Delaware’s Pumpkin Flinging Event Canceled Due to Insurance Issues

  09-10-2015 18:59
  
  For the second year in a row, Delaware’s annual pumpkin flinging contest has been squashed. Organizers of the World Championship Punkin Chunkin said Thursday that this year’s event, scheduled for next month at Dover International Speedway in Dover, Delaware, has …
  
  Read more

• BHSI Launches Professional Liability, Network Security and Privacy Policies

  09-10-2015 18:58
  
  Berkshire Hathaway Specialty Insurance (BHSI) has launched two policies providing cyber liability and breach response coverage with risk management resources, the Professional First Network Security & Privacy Policy and the Professional First Professional Liability and Network Security & Privacy Policy. …
  
  Read more

• BHSI Launches Professional Liability, Network Security & Privacy Policies

  09-10-2015 18:58
  
  Berkshire Hathaway Specialty Insurance (BHSI) has launched two new policies providing cyber liability and breach response coverage with risk management resources, the Professional First Network Security & Privacy Policy and the Professional First Professional Liability and Network Security & Privacy …
  
  Read more

• Market slump, low interest rates ding largest pension plans

  09-10-2015 18:54
  Hit by a downturn in the equities markets and falling interest rates that boosted the value of liabilities, the funded status of very large pension plans slipped in September, according to a Milliman Inc. survey released Friday.
  
  Read more

• OSHA: Louisiana Bag Maker Exposed Workers to Amputation Hazards

  09-10-2015 18:51
  
  Federal safety officials have cited Bancroft Bags Inc. in West Monroe, La., for failing to protect workers from amputation hazards. The company has been fined $84,000. Bancroft was cited for 16 serious violations on Oct. 7, 2015. The citations allege the …
  
  Read more

• New study outlines global property premiums for commercial sector

  09-10-2015 18:45
  Just under half of worldwide property insurance premiums in 2014 went to commercial property coverage, according to a new study by London-based Finaccord Ltd., the international market research and consulting company said in a statement Friday.
  
  Read more

• Freedom Specialty Insurance Takes Nationwide Name - ClaimsJournal.com

  09-10-2015 18:40 via
  Freedom Specialty Insurance Takes Nationwide Name
  ClaimsJournal.com
  Effective today, Freedom Specialty Insurance Company will be rebranded as Nationwide. The change was made to leverage Nationwide's brand recognition, diverse product offerings and financial stability. According to the Company, customers will continue ...
  

• South Carolina Storm Victims Return Home to Heartbreak

  09-10-2015 18:38
  
    The pungent stench of mildew greeted Asiah Lewis when she came home to her South Carolina apartment, her footsteps making squishing sounds on the carpet as she picked through soggy clothes and a lifted a moldy shoe from the …
  
  Read more

• Ohio Woman Awarded $1.6M over DuPont Chemical in Water

  09-10-2015 18:36
  
  An Ohio woman has been awarded $1.6 million in the trial of a lawsuit that alleged a chemical from a DuPont Co. plant contaminated drinking water and contributed to her contracting kidney cancer. A jury awarded the damages to 59-year-old …
  
  Read more

• Arkansas’ Health Plan Should Move People Upward, Consultants Say

  09-10-2015 18:31
  
  Consultants hired by Arkansas legislators to review the state’s “private option” Medicaid plan have recommended that the program continue but suggested changes that would move participants into jobs and ensure they are leading healthy lives. Under its own approach to …
  
  Read more

• Young driver crashes into insurance office in Clear Lake area - KTRK-TV

  09-10-2015 18:30 via
  KTRK-TV
  Young driver crashes into insurance office in Clear Lake area
  KTRK-TV
  An Eyewitness News viewer sent us video of a pickup which crashed into a business in the Clear Lake area this morning. The viewer tells us the driver ran into the State Farm Office on El Dorado Drive between 9am and 10am. So far, there's no word on any ...
  

• Michigan Drivers May Soon Show Proof of Insurance on Phone

  09-10-2015 18:29
  
  Michigan drivers pulled over by the police will be able to show proof of their auto insurance on a phone or another mobile device instead of having to provide a hard copy under legislation signed by Gov. Rick Snyder. The …
  
  Read more

• Take Command Health, Zane Benefits Partner to Serve Small Businesses in Texas

  09-10-2015 18:28
  
  Take Command Health, a Texas-based startup dedicated to helping individuals choose and save on their health insurance, is partnering with Zane Benefits to provide Texas businesses with fewer than 50 employees with health benefits products and services. The companies’ announcement …
  
  Read more

• Nichols Joins J.M. Wilson as Personal Lines Underwriter

  09-10-2015 18:28
  
  J.M. Wilson has added John Nichols as a personal lines underwriter in Portage, Mich. Nichols is responsible for quoting new and renewal personal lines risks, along with serving independent insurance agents in 21 states. Prior to joining J.M. Wilson, Nichols …
  
  Read more

• Bailey Place Insurance to Acquire Cotterill Agency in New York

  09-10-2015 18:24
  
  Bailey Place Insurance, an independent agency with offices in Cortland, Dryden and Ithaca, New York, announced that it will acquire the Cotterill Agency Inc., an independent agency based in Dryden, New York, effective Dec. 31, 2015. Terms of the transaction …
  
  Read more

• U.S. Senator from Nevada Suing Exercise Band Maker over Eye Injury

  09-10-2015 18:03
  
  U.S. Sen. Harry Reid is suing a company that makes and markets a flexible exercise band that he says slipped from his hand, causing him to fall and suffer eye, face and rib injuries on New Year’s Day. A lawsuit …
  
  Read more

• California Wants Half Its Power from Renewable Energy by 2030

  09-10-2015 17:59
  
  Gov. Jerry Brown dramatically increased California’s climate-change goals, committing the state to use renewable energy for half its electricity and make existing buildings twice as energy-efficient in just 15 years. Brown tried for an even stronger measure that also would …
  
  Read more

• Suit Filed by Estate of Oregon Woman Who Died in Murphy Bed

  09-10-2015 17:56
  
  The estate of an Ashland, Ore., woman who died after the Murphy bed she was sleeping in collapsed and locked shut has filed a wrongful death lawsuit against the bed’s manufacturer. The Oregonian newspaper reported that 76-year-old Penelope Martens was …
  
  Read more

• Nelson says he will not renew contract as CEO of NAIC

  09-10-2015 17:50
  
  The term for former U.S. Senator Ben Nelson will end on January 31, 2016.
  
  Read more

• Fact of the week: Americans don’t know much about smart home technology

  09-10-2015 17:25
  
  Consumers lack of awareness of smart home technology can present opportunities for insurance agents and brokers.
  
  Read more

• Marine broker buys out original backer Cooper Gay

  09-10-2015 17:14
  Management at Hong Kong-based Latitude Brokers has completed the buyout of shares owned by Cooper Gay Swett & Crawford Ltd. just a little over a year after Cooper Gay launched the marine insurance specialist, Latitude said in a statement Friday.
  
  Read more

• Senate confirms IRS health care counsel to head PBGC

  09-10-2015 17:11
  The Senate has confirmed IRS health care counsel W. Thomas Reeder as the next director of the Pension Benefit Guaranty Corp.
  
  Read more

• US Boosts Privacy Protection on Health Insurance Website - ABC News

  09-10-2015 16:50 via
  US Boosts Privacy Protection on Health Insurance Website
  ABC News
  Responding to criticism from civil liberties advocates, the Obama administration said Friday it has strengthened consumer privacy protections on the government's health insurance website as a new sign-up season nears. HealthCare.gov CEO Kevin ...and more »
  

• Ex-Senator Nelson to Exit NAIC Leadership Post

  09-10-2015 16:29
  
  Former U.S. Senator Ben Nelson will not renew his contract as chief executive officer of the National Association of Insurance Commissioners (NAIC, the group announced. Nelson’s current term ends on Jan. 31, 2016.  He began his tenure at NAIC in …
  
  Read more

• Current El Nino Strengthening But Its Ranking Will Have to Wait

  09-10-2015 16:21
  
  The El Nino raising temperatures across the Pacific and roiling global weather patterns is poised to make the record books, but anyone who tells you which position it will take could be much mistaken. The best tool for measuring the …
  
  Read more

• A Guide to New Car Safety Technologies

  09-10-2015 15:24
  
  With automakers offering an increasing array of safety technologies, drivers sometimes find themselves struggling to stay up to speed with the systems in their cars. Some of the devices have been around a decade or more but have only become …
  
  Read more

• New Car Safety Features Can Be ‘Turn-Off’ for Confused Drivers

  09-10-2015 15:22
  
  Many Americans buying new cars these days are baffled by a torrent of new safety technology. Some features will automatically turn a car back into its lane if it begins to drift, or hit the brakes if sensors detect that …
  
  Read more

• 5 ways claims pros can prepare for depositions

  09-10-2015 15:00
  
  Depositions can be critical to a successful case if you’re prepared.
  
  Read more

Follow @Insurance_Newsl on Twitter!