Insurance news

• Texas Gun Rights Advocates Taking Aim at Zoos

  13-10-2015 23:36
  
  Visitors to the Houston Zoo can now pack a little something extra besides a camera and picnic basket. The nearly century-old institution recently lifted its longtime firearms ban amid a broader push by gun-rights advocates who are pressuring zoos in …
  
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• Ex-Dewey & LeBoeuf execs acquitted on some counts, jury stuck on others

  13-10-2015 22:47
  (Reuters) — A Manhattan jury on Tuesday acquitted three former executives of bankrupt law firm Dewey & LeBoeuf of several criminal charges but remained deadlocked on most of the charges, including the most serious, grand larceny.
  
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• Insurance Employee Charged in $266000 Theft - PA home page

  13-10-2015 22:46 via
  Citizens Voice
  Insurance Employee Charged in $266000 Theft
  PA home page
  That is how much detectives in Lackawanna County say a man stole from his employer. That man, Robert Galuska of Jenkins Township, is now facing criminal charges. According to court documents, Robert Galuska is the former branch manager at Excalibur ...
  Former manager accused of making false insurance claims against WB, LCTACitizens Voice
  Fired Excalibur insurance exec charged with stealing thousands via false claimsScr
  

• California OKs insurance plans made specifically for Lyft - Engadget

  13-10-2015 22:43 via
  Engadget
  California OKs insurance plans made specifically for Lyft
  Engadget
  According to California law, the rules governing legal liability for ride-sharing services can get pretty tricky, depending on whether the passenger is waiting to be picked up, is getting into the cab or is currently en route to their destination. What ...
  First Lyft-Specific Insurance Policy Gets OK From StateKQED
  Insurance commissioner approves first Lyft-specific insurance policyKRON4.com
  California Approves Lyft-Spe
  

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• Broker takes over construction services group, names senior vice president

  13-10-2015 22:42
  Alliant Insurance Services Inc. said Tuesday that David Alvarado and his team have joined Alliant.
  
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• Namaste? Court rules on copyright infringement case over yoga poses

  13-10-2015 22:38
  To non-aficionados, one pretzel-like pose is pretty much like any other and no big deal, but to those involved in yoga business, it can be a bit more serious.
  
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• Lexington lowers insurance requirements for private groups that want to shoot ... - Lexington Herald Leader

  13-10-2015 22:35 via
  Lexington Herald Leader
  Lexington lowers insurance requirements for private groups that want to shoot ...
  Lexington Herald Leader
  A crowd gathered on the top floor of a parking structure on Broadway near High street to watch the downtown fireworks presented by Thorntons on July 4, 2014 in Lexington, Ky. Photo by Mark Mahan. HERALD-LEADER Buy Photo ...
  

• In New Hampshire, Bush offers a 'conservative vision' of health care insurance ... - Peoria Journal Star

  13-10-2015 22:07 via
  Peoria Journal Star
  In New Hampshire, Bush offers a 'conservative vision' of health care insurance ...
  Peoria Journal Star
  MANCHESTER, N.H. — Republican presidential candidate Jeb Bush touted on Tuesday his plan to repeal and replace President Barack Obama's health care law with one that would increase tax credits for individuals, allowing them to buy coverage ...
  In praise of universal health insurance coverageAmerican Enterprise Instituteall 595 news articles »
  

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• Managing general agent launches facultative reinsurance

  13-10-2015 21:56
  
  Pardus Underwriting Ltd. said Tuesday that it has launched a facultative reinsurance facility for North American property interests.
  
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• Drone risks take to the air along with university research

  13-10-2015 21:18
  MINNEAPOLIS — Students and faculty members at universities have been engineering and flying drones for years, and underwriters’ main concern is invasion of privacy.
  
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• Court rules for Coca-Cola identity theft victim on stolen laptops

  13-10-2015 21:13
  
  A Coca-Cola employee who was the victim of identity theft after company laptops were stolen did suffer actual harm as a result, and can pursue a putative class action lawsuit against the company, says a Pennsylvania federal court.
  
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• New Insurance Policy Protects Homebuyers' Down Payment - Insurance Journal

  13-10-2015 20:18 via
  New Insurance Policy Protects Homebuyers' Down Payment
  Insurance Journal
  Homebuyers may soon be able to buy insurance to protect their down payments in the event they sell their home at a loss. Much like title insurance protects the lender, this product promises to reimburse homebuyers for their full down payment should ...
  

• New Insurance Policy Protects Homebuyers’ Down Payment

  13-10-2015 19:57
  
  Homebuyers may soon be able to buy insurance to protect their down payments in the event they sell their home at a loss. Much like title insurance protects the lender, this product promises to reimburse homebuyers for their full down …
  
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• Comp institute shows rise in drug testing, link to opioid use

  13-10-2015 19:36
  Urine drug testing of injured workers in California is on the rise amid the expanded use of opioid painkillers, according to a new report published by the California Workers' Compensation Institute on Monday.
  
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• Flight M17 downed by Buk fired from East Ukraine, Dutch say

  13-10-2015 19:12
  
  Malaysia Airlines Flight 17 crashed last year killing 298 people after being brought down by a Buk missile fired from the eastern part of Ukraine when it entered airspace that should have been closed.
  
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• Violence, compliance ongoing issues for universities and colleges

  13-10-2015 19:07
  Shootings add a new dimension for risk managers accustomed to dealing with issues largely confined to students.
  
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• Public employees' retirement system proposes lower investment targets

  13-10-2015 19:06
  (Reuters) — California Public Employees' Retirement System officials, gearing up for payouts to exceed fund contributions as baby boomers retire, are considering a proposal to lower its assumed rate of return following periods of strong performance.
  
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• E.U. order complicates multinational personal data sharing for thousands of firms

  13-10-2015 18:59
  Conveying workers' personal data from the E.U. to the U.S. is about to get a lot more challenging for some 4,000 companies.
  
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• CAMICO Launches Cyber Risk Program for CPA Firms

  13-10-2015 18:58
  
  CAMICO, a nationwide CPA-directed program of insurance and risk management for the accounting profession, has announced CyberCPA to further protect CPA firms from losses caused by a variety of cyber risk exposures. CyberCPA provides first-party coverage for expenses incurred by …
  
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• N.Y. Gov. Cuomo: Denying Global Warming Isn’t a Survival Plan

  13-10-2015 18:55
  
  New York Gov. Andrew Cuomo on Oct. 8 joined government leaders worldwide in signing an agreement to help combat global warming and keep the Earth’s average temperature from rising dangerously. The Under Two MOU, a memorandum of understanding signed by …
  
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• South Carolina Insurance Head Issues Emergency Orders for Storm Recovery

  13-10-2015 18:54
  
  The South Carolina Department of Insurance (SCDOI) has issued two bulletins to insurers in an effort to aid with storm recovery efforts in the state. South Carolina Insurance Director Raymond Farmer issued an emergency regulation on Oct. 9 in response …
  
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• County Says Partial Settlement Reached in Texas Fertilizer Blast

  13-10-2015 18:51
  
  A settlement was reached with families of some victims of a massive West, Texas, fertilizer explosion that killed 15 people and leveled part of the town two years ago, according to a post on the website of McLennan County, where …
  
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• J.M. Wilson Adds Bolhuis as P/C Underwriter in Michigan

  13-10-2015 18:46
  
  Wholesale insurance broker, J.M. Wilson, has added Kristin Bolhuis as a property and casualty underwriter in its Portage, Mich., office. Bolhuis is responsible for quoting new and renewal property and casualty business, and serving independent insurance agents in Michigan. She …
  
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• PARSONS Insurance Services Acquires Dallas-Based Alpha Insurance - Insurance Journal

  13-10-2015 18:32 via
  PARSONS Insurance Services Acquires Dallas-Based Alpha Insurance
  Insurance Journal
  PARSONS Insurance Services, a veteran owned national insurance MGA, has acquired the operations of Alpha Insurance Agency (AIA) in Dallas, Texas. Terms of the acquisition were not disclosed. Alpha Insurance Agency is a brokerage that specializes in ...
  

• Update: Ex-Dewey & LeBoeuf Execs Acquitted of Some Additional Counts

  13-10-2015 18:25
  
  A Manhattan jury on Tuesday acquitted three former executives of bankrupt law firm Dewey & LeBoeuf of several criminal charges but remained deadlocked on the most serious charge of grand larceny. Former Dewey Chairman Steven Davis and former Executive Director …
  
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• PARSONS Insurance Services Acquires Dallas-Based Alpha Insurance

  13-10-2015 18:18
  
  PARSONS Insurance Services, a veteran owned national insurance MGA, has acquired the operations of Alpha Insurance Agency (AIA) in Dallas, Texas. Terms of the acquisition were not disclosed. Alpha Insurance Agency is a brokerage that specializes in providing commercial and …
  
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• Stewart Named Sr. VP at Great American Insurance

  13-10-2015 18:16
  
  Great American Insurance Group, based in Cincinnati, Ohio, has named Chad D. Stewart senior vice president and chief information officer of its Annuity Group. Stewart joined the Great American in 2011. Since that time, he has held roles of increasing …
  
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• Demotech Assigns Financial Stability Rating of A to Allied Trust

  13-10-2015 18:14
  
  Texas-based Allied Trust Insurance Co. has earned a Financial Stability Rating (FSR) of A, Exceptional, from Demotech Inc. This level of FSR is assigned to insurers who possess exceptional financial stability related to maintaining positive surplus as regards policyholders, liquidity …
  
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• Capacity Group Buys Stake in Shriver Insurance Agency - Insurance Journal

  13-10-2015 18:13 via
  Capacity Group Buys Stake in Shriver Insurance Agency
  Insurance Journal
  The Capacity Group of Companies (Capacity) has acquired an ownership stake in Shriver Insurance Agency, headquartered in Elmhurst, Ill. As a result, Shriver has been renamed Shriver-Capacity Insurance Agency LLC (Shriver-Capacity). Shriver-Capacity ...
  

• Capacity Group Buys Stake in Shriver Insurance Agency

  13-10-2015 18:13
  
  The Capacity Group of Companies (Capacity) has acquired an ownership stake in Shriver Insurance Agency, headquartered in Elmhurst, Ill. As a result, Shriver has been renamed Shriver-Capacity Insurance Agency LLC (Shriver-Capacity). Shriver-Capacity, led by Charlie Shriver, specializes in insurance for …
  
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• Surplus Lines Insurance Sees Moderate Growth Thus Far in 2015 - Insurance Journal

  13-10-2015 18:12 via
  Insurance Journal
  Surplus Lines Insurance Sees Moderate Growth Thus Far in 2015
  Insurance Journal
  Collectively, the 14 U.S. surplus lines stamping offices have reported moderate growth in surplus line premiums during the first half of 2015. Approximately 60 percent of all surplus lines insurance is processed by stamping offices, according to the ...
  

• Mental health practice not liable in injured worker's suicide

  13-10-2015 18:04
  
  A New York mental health practice that evaluated and treated an injured worker in relation to a workers compensation claim cannot be held liable for that worker’s suicide, a New York appellate court has ruled.
  
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• Dive In

  13-10-2015 18:01
  Sponsored by Lloyd's, a four-day diversity festival makes insurers aware of the value of inclusion. View the gallery
  
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• Study finds increase in drug testing in California Workers' Comp

  13-10-2015 17:59
  
  A new study from CWCI found drug tests have been added to more WC pain management programs in published treatment guidelines throughout California.
  
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• Surplus Lines Insurance Sees Moderate Growth Thus Far in 2015

  13-10-2015 17:57
  
  Collectively, the 14 U.S. surplus lines stamping offices have reported moderate growth in surplus line premiums during the first half of 2015. Approximately 60 percent of all surplus lines insurance is processed by stamping offices, according to the Surplus Lines …
  
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• Ex-Rabobank traders face first U.S. trial over Libor manipulation

  13-10-2015 17:49
  (Reuters) — Two former Rabobank traders from Britain are set to become the first defendants to face trial in the United States on charges stemming from a global investigation into whether various banks sought to manipulate the interest rate known...
  
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• Why It’s Important for Agents to Offer Consistent ‘Touchpoints’ for Clients

  13-10-2015 17:26
  
  Most agents work hard to maintain strong relationships with clients, however, all too often business gets in the way. Agents need to take steps, digitally speaking, to stay connected continually with the right messages rather than wait for a claim …
  
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• Colorado Judge Approves $7M Award for Homes on Sinking Soil

  13-10-2015 17:23
  
  A Colorado judge has upheld an arbitrator’s award of more than $7 million to 20 homeowners at a golf course subdivision near Glenwood Springs whose properties were constructed on a soil linked to sinkholes and subsidence. The Daily Sentinel reported …
  
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• University of Oregon Sorority Kitchen Worker Files Suit over Termination

  13-10-2015 17:19
  
  A former kitchen worker at a University of Oregon sorority house is suing the Alpha Xi chapter of Kappa Alpha Theta over her alleged wrongful termination. The Register-Guard reported Noel Roberts filed the suit Thursday for at least $50,000 in …
  
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• C.O. Brown adds trucking insurance firm - Post-Bulletin

  13-10-2015 16:54 via
  C.O. Brown adds trucking insurance firm
  Post-Bulletin
  The corporate parent of Rochester's C.O. Brown insurance firm is adding a new trucking insurance agency to its Med City division. On Oct. 1, North Risk Partners, of St. Paul, acquired Maple Plain-based Commercial Insurance Group Inc. CIG is a trucking ...
  

• As insurers aim to get bigger, hospitals eye health plan entry

  13-10-2015 16:52
  Some hospitals are less than enthused about the health insurer mega-mergers announced this past summer and are looking at ways to take control of their own destinies.
  
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• EPIC Enters into Strategic Transaction with Alliant in California

  13-10-2015 16:47
  
  San Francisco, Calif.-based EPIC Insurance Brokers and Consultants announced a transaction of certain books of business to Alliant Insurance Services, including the customers of David Alvarado and a group of employees who came to EPIC in 2009 through the acquisition of …
  
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• Framing the discussion around gun insurance

  13-10-2015 16:46
  
  A proposed law requiring proof of insurance before purchasing a weapon could be a valuable opportunity for the insurance industry.
  
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• EEOC Sues Penn.’s Open Records Office for Alleged Age Discrimination

  13-10-2015 16:26
  
  The U.S. Equal Employment Opportunity Commission (EEOC) said on Oct. 7 that it has filed a lawsuit against Pennsylvania’s Office of Public Records for allegedly violating federal law when it refused to hire an attorney for a vacant appeals officer …
  
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• Half of America's remaining uninsured are eligible for health coverage

  13-10-2015 16:25
  Almost half of the 32.3 million nonelderly people who have no health insurance could gain coverage through their state's existing Medicaid policy or a subsidized exchange plan, according to a survey from the Kaiser Family Foundation.
  
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• Delaware Judge Slashes $100M Boston Scientific Mesh Verdict to $10M

  13-10-2015 16:22
  
  A Delaware judge on Oct. 9 said Boston Scientific should only have to pay $10 million to a woman originally awarded $100 million by a jury who found she was injured by transvaginal mesh, a device that is the subject …
  
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