Insurance news

• Data Call Deadline Approaching for Property Insurers in Georgia

  21-10-2015 23:59
  
  Personal and commercial property insurers in the State of Georgia have until Oct. 30 to respond to a Data Call from the Georgia Insurance Department. The bulletin for the data call, issued in August, states the information is necessary in …
  
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• Commissioner race is about Louisiana's high insurance rates - The New Orleans Advocate

  21-10-2015 23:48 via
  Commissioner race is about Louisiana's high insurance rates
  The New Orleans Advocate
  Advocate staff photo by BILL FEIG -- State Insurance Commissioner Jim Donelon tesitifes to a legislative committee in 2013. Charlotte C. McDaniel McGehee, a candidate for Louisiana Insurance Commissioner. Donald Hodge Jr., a Baton Rouge Democrat, ...
  Insurance race about La.'s high ratesBayoubuzzall 2 news articles »
  

• IVF Insurance Connected to Fewer Multiple Births - Medscape

  21-10-2015 22:47 via
  IVF Insurance Connected to Fewer Multiple Births
  Medscape
  BALTIMORE — State-mandated insurance for in vitro fertilization (IVF) reduces the rate of multiple births in the highest-risk women — those younger than 35 years who receive day-5 embryo transfers — new research indicates. "Improving insurance ...and more »
  

• Opioid dispensing plan can reduce overdose, addiction risks

  21-10-2015 22:06
  Creating an opioid prescription plan can help medical providers effectively treat chronic pain patients while reducing unnecessary narcotic prescriptions and reducing the risk of patient overdoses and addiction, according to executives from Rockford...
  
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• Secure patient data carefully for telemedicine use

  21-10-2015 22:01
  Telemedicine is being used more frequently to diagnose and monitor patients, especially in rural areas, but risk managers for health care systems should take care to secure sensitive patient information, experts say.
  
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• Health care industry can look to campuses for violence prevention education

  21-10-2015 21:52
  Health care organizations are vulnerable to violent incidents against health care workers, due to factors such as stressful hospital environments and patients’ mental health conditions.
  
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• Maximum FSA contribution to remain at $2,550 for 2016

  21-10-2015 21:44
  The maximum contribution employees will be able to make to their flexible spending accounts in 2016, will, as expected, remain unchanged from this year's $2,550 limit, the Internal Revenue Service disclosed Wednesday.
  
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• Kingstone Approved to Write P/C Insurance in Connecticut

  21-10-2015 21:18
  
  Kingstone Companies Inc., a New York-domiciled multi-line property/casualty insurance holding company, today announced that its subsidiary, Kingstone Insurance Company, was granted approval to write P/C insurance in Connecticut from the Connecticut Insurance Department. In addition to New York, Pennsylvania, and …
  
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• Massachusetts Invites Insurance Coverage Proposals for Transportation Network ... - Patch.com

  21-10-2015 21:09 via
  Patch.com
  Massachusetts Invites Insurance Coverage Proposals for Transportation Network ...
  Patch.com
  United Services Automobile Association will begin offering additional coverage to its policyholders who drive their cars Uber and Lyft. Framingham, MA. By Susan Petroni (Patch Staff) October 21, 2015. ShareTweetGoogle PlusRedditEmailComments0.
  

• Program encourages workplace safety for older workers

  21-10-2015 20:58
  The National Institute for Occupational Safety and Health has launched a virtual center to promote safety among older workers.
  
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• For Vermont Police, Checking for Pot-Impaired Drivers Is Work in Progress

  21-10-2015 20:55
  
  It’s common knowledge that driving with blood alcohol content higher than .08 violates the law. But with marijuana, things are a lot more hazy. As Vermont and other states consider following the lead of Colorado and Washington state in legalizing …
  
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• Employers see benefits of education assistance programs

  21-10-2015 20:55
  Despite little participation in employee education assistance programs, employers still find it worthwhile to offer the benefit, according to a report issued by the International Foundation of Employee Benefit Plans.
  
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• Jury award wasn't advisory, says appeal court

  21-10-2015 20:49
  A federal District Court erred when it decided a $1.4 million jury award to a terminated employee was only advisory, and ordered she be reinstated to her former position instead, says an appeals court.
  
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• What Drivers Need to Know About Deer Season and Car Insurance - NerdWallet (blog)

  21-10-2015 20:29 via
  NerdWallet (blog)
  What Drivers Need to Know About Deer Season and Car Insurance
  NerdWallet (blog)
  Seeing a deer in your headlights is frightening, especially while traveling at high speed on a narrow, winding road. You might be in for another fright when you realize that deer-car collisions can cost thousands of dollars out of pocket if you don't ...
  Insurance policies may not cover accidents with deerKOMU-TV
  It's the law: Your insurance can't be raised if your car hits a deerLancasterOnlineall
  

• IRS contribution limits for 401(k) plans unchanged for 2016

  21-10-2015 20:19
  The maximum pretax contribution employees can make to 401(k) plans in 2016 will remain at $18,000, unchanged from 2015, while the maximum catch-up contribution employees age 50 and older can make to the plans also will be unchanged at $6,000, the...
  
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• Exchange rates, investments bog Ace's third-quarter earnings

  21-10-2015 20:08
  Ace Ltd.'s net income for the third quarter dropped 32.7% from that of the same period in 2014 to $528 million, primarily because of foreign exchange and investment-related issues, the insurer reported.
  
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• Insureon Lands $31M Investment from Oak HC/FT, Accretive

  21-10-2015 19:52
  
  Chicago-based online provider of small business insurance, Insureon, announced $31 million in new funding led by Oak HC/FT, a venture capital fund investing in financial technology companies. Also participating in the round of funding was the private investment firm, Accretive, …
  
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• Florida lawmakers reintroduce Citizens bill vetoed by Gov. Scott

  21-10-2015 19:23
  
  A pair of Florida legislators have introduced a bill that would give policyholders more options as they are moved out of Citizens Property Insurance.
  
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• Benefit managers focus on Cadillac tax issues for 2016 enrollment season

  21-10-2015 19:10
  As the 2016 open enrollment season approaches, benefit managers are taking every step possible to avoid triggering the health care reform law's dreaded 40% excise tax.
  
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• NORCAL Expands Medical Professional Liability Coverage to Arizona

  21-10-2015 18:59
  
  NORCAL Mutual Insurance Company is now offering medical professional liability insurance to physicians and health care professionals in Arizona. This is the twelfth state to come under the parent company’s umbrella as part of NORCAL Mutual’s national expansion plan, which …
  
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• Michigan agent awarded IIABA Young Agent of the Year

  21-10-2015 18:59
  
  IIABA's National Young Agents Committee presented the Outstanding Young Agent of the Year award to Lisa Lemanski of East Lansing, Mich.
  
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• P/C Insurers Posted $31B Profit for 2015 1st Half, Highest 1st-Half Income Since ’07

  21-10-2015 18:56
  
  Private U.S. property/casualty insurers’ net income after taxes grew to $31.0 billion in the first half of 2015 from $26.0 billion in the first half of 2014, according to a report today from ISO, a Verisk Analytics business, and the …
  
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• K&K to Partner with Producers to Provide New Program Business Markets

  21-10-2015 18:55
  
  K&K Insurance Group, Inc., a subsidiary of Aon plc, is now accepting property and casualty program business from producers. K&K has provided property and casualty program options for more than 60 years, traditionally focused on the sports and leisure industries, …
  
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• First half profits improved for U.S. property/casualty insurers

  21-10-2015 18:54
  U.S. property/casualty insurers’ second quarter net income rose 5.8% from that of the same period in 2014 to $12.83 billion, Verisk Analytics’ ISO unit and the Property Casualty Insurers Association of America reported Wednesday.
  
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• NEW: State asks court to stop WINhealth from selling insurance - Wyoming Tribune

  21-10-2015 18:48 via
  Wyoming Tribune
  NEW: State asks court to stop WINhealth from selling insurance
  Wyoming Tribune
  The Wyoming Department of Insurance has filed a petition in district court to place WINhealth Partners into a rehabilitation/receivership after determining it is financially at risk. Blaine McCartney/Wyoming Tribune Eagle. CHEYENNE (WTE) - The Wyoming ...
  Wyoming's 2nd-largest health insurance company shutting downCasper Star-Tribune Online
  WINhealth to Exit Insurance MarketKgaball 29 news articl
  

• South Dakota City to Open $5.8M Facility Rebuilt with Insurance Funds

  21-10-2015 18:43
  
  City leaders in Spearfish, S.D., are set to open a $5.8 million facility built to replace a city-owned call center that collapsed during a blizzard two years ago. The Atlas Building, funded by insurance money, is tentatively set to open …
  
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• Wisconsin’s Ashley Furniture Again Cited for Alleged Safety Hazards

  21-10-2015 18:39
  
  A federal safety agency has again cited Ashley Furniture Industries Inc. for alleged safety violations at one of its Wisconsin factories. The U.S. Occupational Safety and Health Administration alleged that Arcadia-based Ashley failed to protect workers from moving machine parts …
  
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• Anheuser-Busch to pay up to $28 million over Beck's labeling

  21-10-2015 18:38
  (Reuters) — Anheuser-Busch Cos. L.L.C.
  
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• Arkansas Drought Heightens Fire Risk, Lowers Lake Levels

  21-10-2015 18:36
  
  The U.S. Army Corps of Engineers says boaters should be careful on Arkansas lakes as a drought lowers water levels, and foresters say outdoor burning should be avoided to reduce the risk of wildfires. The Corps said water levels at …
  
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• Workers’ Comp Medical Payments in Illinois Rose in 2013: Report

  21-10-2015 18:33
  
  Medical payments per workers’ compensation claim in Illinois rose 4.1 percent in 2013, after decreasing 20 percent between 2010 and 2012 as a result of a 30 percent reduction in fee schedule rates, according to a recent study by the …
  
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• Lab company to pay $256 million over allegedly tainted claims

  21-10-2015 18:30
  Millennium Health, a San Diego-based lab company, will pay the government $256 million to settle allegations it billed the government for medically unnecessary urine, drug and genetic testing and gave free drug cup tests to physicians in exchange for...
  
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• Oklahoma Commissioner to Insurers: Clarify Earthquake Coverage

  21-10-2015 18:29
  
  In response to a growing number of questions from consumers about earthquake coverage, Oklahoma Insurance Commissioner John D. Doak has asked property/ casualty insurers in the state to send each policyholder a clarifying notice of earthquake coverage. In announcing the new …
  
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• Rate Changes in Store for Texas Auto Insurance Plan

  21-10-2015 18:27
  
  The Texas Automobile Insurance Plan Association (TAIPA) will raise some rates and lower some for private passenger and commercial automobile insurance, effective Feb. 1, 2016, the Texas Department of Insurance announced. A recently issued commissioner’s order revises TAIPA’s private passenger …
  
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• Senate considers controversial cyber security bill

  21-10-2015 18:20
  (Reuters) — The U.S. Senate on Tuesday began debating a long-delayed bill that would make it easier for corporations to share information about cyber attacks with each other or the government without concern about lawsuits.
  
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• French bank to pay $787 million to resolve U.S. sanctions probe

  21-10-2015 18:07
  (Reuters) — France’s Credit Agricole S.A. has agreed to pay $787 million for moving hundreds of millions of dollars through the U.S. financial system in violation of sanctions against Iran, Sudan, and other countries, U.S.
  
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• Applied Systems announces new product launches, software enhancements

  21-10-2015 18:01
  
  The technology company introduces IVANS Market Appetite, and upgrades the Epic, CSR24 and Mobile software and applications.
  
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• Family of Oregon Girl Who Died in 2014 Plane Crash Sues Manufacturer

  21-10-2015 17:41
  
  The family of a 4-year-old girl who died when the homebuilt airplane she was riding in crashed in Toledo is suing the plane’s manufacturer. The Oregonian reported the suit against Van’s Aircraft of Aurora seeks $35 million in damages in …
  
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• Quakes Still Rattling Area East of San Francisco

  21-10-2015 17:40
  
  A series of small earthquakes that have struck east of San Francisco since last week continue to rattle the region. KGO-TV reported Tuesday that the largest one so far, a magnitude-3.5 temblor struck around 4:20 p.m. Monday, according to the …
  
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• Sony to pay up to $8 million in 'Interview' hacking lawsuit

  21-10-2015 17:36
  (Reuters) — Sony Pictures Entertainment Inc.
  
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• Chubb reports quarterly profit of $601 million

  21-10-2015 17:36
  Chubb Corp. reports an increase in net income and an improved combined ratio thanks to low weather-related losses, analysts say.
  
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• Madeleine Albright calls on industry leaders to address global risks during Applied Net's keynote address

  21-10-2015 17:30
  
  The former Secretary of State asks leaders from both the public and private sector to "give cyber the attention it deserves."
  
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• Swett & Crawford’s MGA Adds Two Lumber Underwriters in California

  21-10-2015 17:27
  
  The Insurance Center for Building Materials has hired Rick Zorman and Phil McCown in Los Angeles. Both Zorman and McCown are experienced lumber underwriters and will expand the firm’s capabilities for this market. Zorman has experience in heavy manufacturing and …
  
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• PwC Concludes South African Insurers Seeking Technology Partnerships

  21-10-2015 17:05
  
  South Africa’s biggest insurers are considering technology and telecommunications partnerships as they seek ways to improve earnings to counter increased competition and a slowing economy, according to PricewaterhouseCoopers LLC. “There are a few tie-ups being worked on,” Victor Muguto, PwC’s …
  
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• Clinton takes on health insurance mergers - Washington Post (blog)

  21-10-2015 16:51 via
  Washington Post (blog)
  Clinton takes on health insurance mergers
  Washington Post (blog)
  For a handy cheat sheet as to who in health care might be a politically convenient target as the 2016 presidential campaigns heats up, one need only look at a poll rating the likability of various parts of the system, taken in August by the Kaiser ...and more »
  

• Tech Startups Are Prodding the Dinosaur That Is the Insurance Industry - Entrepreneur

  21-10-2015 16:41 via
  Entrepreneur
  Tech Startups Are Prodding the Dinosaur That Is the Insurance Industry
  Entrepreneur
  Here's a sentence you don't read every day: Insurance is so hot right now. Entrepreneurs and investors have finally woken up to the opportunity in the insurance industry. At $831.5 million, investment in insurance tech this year is already up nearly 10 ...
  

• Clinton calls for tough scrutiny of insurance mergers - Politico

  21-10-2015 16:39 via
  Politico
  Clinton calls for tough scrutiny of insurance mergers
  Politico
  Hillary Clinton raised alarms Wednesday about a pair of blockbuster mergers that could remake the health insurance marketplace and potentially harm consumers. The nearly $100 billion deals would reduce the number of major, national health plans from ...
  Clinton has 'serious concerns' about health insurance mergersThe Hill
  Hillary Clinton critical of health insurance mega-mergersCBS News
  Hillary Clinton Doesn't Like Ins
  

• Potential delay on some upgrades to gov't insurance site - Business Insider

  21-10-2015 16:20 via
  Business Insider
  Potential delay on some upgrades to gov't insurance site
  Business Insider
  FILE - In this Oct. 6, 2015 file photo, the HealthCare.gov eapcontent.ap.orgFILE - In this Oct. 6, 2015 file photo, the HealthCare.gov website, where people can buy health insurance, is displayed on a laptop screen in Washington. With sign-up season ...
  Skip health insurance, pay $695 fineAlbuquerque Journalall 16 news articles »
  

• Culinary partnership cooks up a court copyright battle

  21-10-2015 16:08
  Recipe books may lead to good meals and copyright battles as well.
  
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• Lloyd's of London, China insurer seeking closer ties

  21-10-2015 15:59
  Lloyd's of London and China Taiping Insurance Group Ltd. on Wednesday said they have signed a memorandum of understanding to establish a broader and closer relationship.
  
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• Is $100 a month the next big hurdle for Obamacare? - CNBC

  21-10-2015 15:07 via
  CNBC
  Is $100 a month the next big hurdle for Obamacare?
  CNBC
  A customer sits with an insurance advisor with UniVista Insurance company, as he signs up for the Affordable Care Act, also known as Obamacare, before the February 15th deadline on February 5, 2015 in Miami, Florida. A large majority of adults say ...
  Congress played Russian roulette with your health insuranceMontana Kaimin
  insurance ruined by health care reformThe Virginian-Pilot
  Survey: Most Consumers Can Only Afford $100 or Less fo
  

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