Insurance news

• Patients say insurance companies make them jump through too many hoops - WSOC Charlotte

  06-11-2015 23:55 via
  WSOC Charlotte
  Patients say insurance companies make them jump through too many hoops
  WSOC Charlotte
  Patients say they've been taking certain medicines for months, or even years. They say they have a doctor's prescription. But, they say, when they go to get a refill their insurance makes it difficult.
  

• As Uber, Lyft seek permanent welcome in Portland, insurance might be hangup - OregonLive.com

  06-11-2015 23:47 via
  OregonLive.com
  As Uber, Lyft seek permanent welcome in Portland, insurance might be hangup
  OregonLive.com
  In this Jan. 4, 2013 photo, Lyft driver Nancy Tcheou waits in her car after dropping off a passenger as a taxi cab passes her in San Francisco. Fed up with traditional taxis, city dwellers are tapping their smartphones to hitch rides from strangers ...and more »
  

• Convicted Leader Of Massive Auto Insurance Scheme Faces 280 Years In Prison - Sheepshead Bites

  06-11-2015 22:36 via
  Sheepshead Bites
  Convicted Leader Of Massive Auto Insurance Scheme Faces 280 Years In Prison
  Sheepshead Bites
  The leader of the largest no-fault auto insurance fraud scheme ever uncovered is looking at 280 years in prison after being convicted Thursday of racketeering, fraud, and money laundering, U.S. Attorney Preet Bharara announced. Michael Danilovich was ...and more »
  

• ​Taking a trip? Don't forget the travel insurance - CBS News

  06-11-2015 22:24 via
  CBS News
  ​Taking a trip? Don't forget the travel insurance
  CBS News
  The plight of British travelers left stranded in Egypt after their government halted flights from the Red Sea resort of Sharm el-Sheikh back to the U.K. is a poignant reminder that we travel in a world where uncertainty is always present. With the cost ...
  Speculation of Terrorism Not Enough to Trigger Travel Insurance, Says SquaremouthPR Newswire (press release)all 3 news articles »
  

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• Health insurance is a tough sell when tax credits are low - USA TODAY

  06-11-2015 22:20 via
  USA TODAY
  Health insurance is a tough sell when tax credits are low
  USA TODAY
  Those eligible for the lowest subsidies to buy health insurance were the least likely to sign up for 2015 plans, studies show, another indication of the challenge of boosting enrollment for President Obama's signature health care law in 2016. The ...
  Las Vegas could win Obama visit if enough people buy insuranceKLAS-TV
  Vegas could win Obama visit if enough people buy insuranceKVVU Las Vegas
  Time to sign up for health
  

• Supreme Court to Review Religious Groups’ Claims Over Obamacare Birth Control Benefit

  06-11-2015 21:13
  
  The U.S. Supreme Court scheduled a new showdown over Obamacare and religious rights, agreeing to hear contentions by faith-based groups that they shouldn’t have to facilitate what they consider to be immoral insurance coverage for contraceptives. The case, which centers …
  
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• 4 in 10 Businesses Have Filed a Cyber Insurance Claim: Survey - NBCNews.com

  06-11-2015 21:01 via
  NBCNews.com
  4 in 10 Businesses Have Filed a Cyber Insurance Claim: Survey
  NBCNews.com
  Many businesses purchase insurance policies hoping they never have to use them. Unfortunately, that hasn't been the case with cybersecurity insurance. A recent Wells Fargo survey of 100 U.S. middle-market and large companies found that 85 percent say ...
  Half of US companies have already filed a cyber insurance claim, driving up ratesInsurance Business Americaall 44 news articles »
  

• Allianz profit falls 15% on decline in asset management, P&C

  06-11-2015 20:38
  
  European insurers are generating less revenue amid pricing pressure and low interest rates while claims from natural catastrophes.
  
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• One more expense millennials are pushing off - CNBC

  06-11-2015 20:33 via
  CNBC
  One more expense millennials are pushing off
  CNBC
  "It never really crossed my mind," 23-year-old Julie Kronick said about life insurance when she was got her first job out of college at a nonprofit in New York. "They don't offer insurance, it didn't come up and I didn't particularly care," Kronick ...
  

• Policy Genius Compares Insurance Rates, Doesn't Violate Your Privacy - Lifehacker

  06-11-2015 20:31 via
  Lifehacker
  Policy Genius Compares Insurance Rates, Doesn't Violate Your Privacy
  Lifehacker
  Shopping for insurance is a drag. Getting quotes usually means giving up your personal info and then getting harrassed by sleazy agents. PolicyGenius lets you compare life, renter, long-term disability, and pet insurance—without sacrificing your privacy.and more »
  

• Toyota starts $1 billion center to develop cars that don’t crash

  06-11-2015 20:04
  
  The research institute will focus on the artificial intelligence and robotics technology Toyota needs to make cars that can overcome driver errors and reduce traffic fatalities.
  
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• Supreme Court takes on 4th review of 5-year-old Obama health care law; focus ... - Minneapolis Star Tribune

  06-11-2015 19:45 via
  Supreme Court takes on 4th review of 5-year-old Obama health care law; focus ...
  Minneapolis Star Tribune
  WASHINGTON — The Supreme Court is wading into its fourth dispute over President Barack Obama's 5-year-old health care overhaul. The latest "Obamacare" case involves objections by faith-based hospitals, colleges and charities to the process the ...and more »
  

• WCIRB: Los Angeles Workers’ Comp Claims Outlier in California

  06-11-2015 19:40
  
  California’s Workers’ Compensation Insurance Rating Bureau released a study on Friday showing significant differences in the costs of claims among the state’s regions – particularly Los Angeles. The WCRIB Study, Geographical Differences in Workers’ Compensations Claim Costs, shows the Los …
  
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• Virginia’s Hilb Group Hires Hobbs as President, COO

  06-11-2015 18:58
  
  The Hilb Group, a middle market insurance agency based in Richmond, Virginia, has hired David Hobbs as president and chief operating officer. Hobbs most recently was president of Alabama operations for McGriff, Seibels & Williams, a regional insurance brokerage firm …
  
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• Surge in Auto Break-Ins Bumping up Crime Rate in Mississippi City

  06-11-2015 18:55
  
  Hundreds of vehicle break-ins are a big part of the reason that major crimes are up in Hattiesburg. There were 376 vehicle break-ins during the first nine months of this year, compared to 114 a year ago, The Hattiesburg American …
  
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• AAIS Releases New Builders’ Risk Coverage Form

  06-11-2015 18:48
  
  A new builders’ risk coverage is now available for insuring civil or public works projects such as highways, levee systems, airports, and other facilities. The American Association of Insurance Services (AAIS) has released a new Civil Works Project coverage form …
  
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• CITA Insurance Services Launches Insurance Agents E&O Program - Insurance Journal

  06-11-2015 18:43 via
  CITA Insurance Services Launches Insurance Agents E&O Program
  Insurance Journal
  CITA Insurance Services, a division of Brown & Brown Program Insurance Services Inc., has released a new Insurance Agents Errors & Omissions program. CITA's new Agents E&O program features vanishing and capped deductibles, personal identity/cyber ...
  

• CITA Insurance Services Launches Insurance Agents E&O Program

  06-11-2015 18:43
  
  CITA Insurance Services, a division of Brown & Brown Program Insurance Services Inc., has released a new Insurance Agents Errors & Omissions program. CITA’s new Agents E&O program features vanishing and capped deductibles, personal identity/cyber event coverage (first party), an …
  
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• Towers should reject $8.7 billion Willis deal, advisers say

  06-11-2015 18:42
  
  Both companies’ investors are scheduled to vote on the deal Nov. 18.
  
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• Southeast Best Agency to Work for – Bronze: Celedinas Insurance Group - Insurance Journal

  06-11-2015 18:30 via
  Insurance Journal
  Southeast Best Agency to Work for – Bronze: Celedinas Insurance Group
  Insurance Journal
  Ray Celedinas may be the “man at the top” and namesake of the successful Celedinas Insurance Group, but employees of the Florida-based agency say he has always made them feel valued and appreciated, no matter what their role at the company is.
  

• Southeast Best Agency to Work for – Bronze: Celedinas Insurance Group

  06-11-2015 18:30
  
  PALM BEACH GARDENS, FLORIDA Celedinas Insurance Group Best Agency to Work For – Southeast Providing a Personal Touch From the Top   Ray Celedinas may be the “man at the top” and namesake of the successful Celedinas Insurance Group, but …
  
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• Best Agency to Work For – East: Novick Group Inc.

  06-11-2015 18:28
  
  ROCKVILLE, MARYLAND Novick Group Inc. Best Agency to Work For – East Specialty Agency Offers Welcoming, Family-Friendly Workplace At Novick Group Inc. – Insurance Journal‘s 2015 Best Agency to Work For, Bronze Winner – East Region – employees say that …
  
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• Louisiana OMV: More than 41K Collection Letter Cases Resolved

  06-11-2015 18:27
  
  The Louisiana Office of Motor Vehicles has cleared more than 41,000 cases of drivers flagged for having lapsed insurance coverage, collecting about $6 million in fines. That’s the latest data released Wednesday by Col. Mike Edmonson, the state police superintendent …
  
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• Nyquist Named Sole Finalist for Minnesota Health Exchange Post

  06-11-2015 18:22
  
  Minnesota’s health exchange has named an experienced former insurance executive as the sole finalist to take over as the fourth CEO of the embattled, three-year-old organization. MNsure board members publicly identified Mark Nyquist as the lone finalist for the position. …
  
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• Michigan's Consumers Mutual to Exit Health Insurance Market - Insurance Journal

  06-11-2015 18:17 via
  Michigan's Consumers Mutual to Exit Health Insurance Market
  Insurance Journal
  Consumers Mutual Co-Op, in consultation with the Michigan Department of Insurance and Financial Services (DIFS), has decided to enter into a run off of its health insurance business, the DIFS announced. Consumers Mutual made the difficult decision to ...
  

• Michigan’s Consumers Mutual to Exit Health Insurance Market

  06-11-2015 18:17
  
  Consumers Mutual Co-Op, in consultation with the Michigan Department of Insurance and Financial Services (DIFS), has decided to enter into a run off of its health insurance business, the DIFS announced. Consumers Mutual made the difficult decision to not participate …
  
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• Fact of the week: Where do you find the most self-employed workers?

  06-11-2015 18:13
  
  A whopping 81% of workers in agriculture, forestry and fishing are self-employed.
  
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• CPro Associates Adds Archer as National Marketing Director

  06-11-2015 18:12
  
  Texas-based CPro Associates, a wholesaler specializing workers’ compensation and occupation injury insurance products and services, has hired Jon Archer as national marketing director for alternatives to workers’ compensation. Archer has more than 25 years of experience in the workers’ comp …
  
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• Connecticut Approves Workers’ Comp Loss Cost Decrease of 3.9%

  06-11-2015 18:04
  
  Connecticut Insurance Commissioner Katharine L. Wade said Connecticut employers can expect to pay less next year for their workers’ compensation insurance as a result of the Insurance Department’s approval this week of a rate filing that lowers rates and the …
  
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• Best Agency to Work For – Midwest: DSP Insurance Services

  06-11-2015 17:31
  
  SCHAUMBERG, ILLINOIS DSP Insurance Services, Inc. Best Agency to Work For – Midwest  A Safe Haven of Respect and Appreciation Bob Schutz and Steve Pohl launched their Chicago-area independent agency, DSP Insurance Services Inc., in 1981 with five employees and …
  
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• Best Agency to Work For – South Central: DFB Insurance Group - Insurance Journal

  06-11-2015 17:30 via
  Insurance Journal
  Best Agency to Work For – South Central: DFB Insurance Group
  Insurance Journal
  DFB_sign With roots stretching back to 1925, DFB Insurance Group now is one of the largest independent insurance agencies in Texas, with locations in Amarillo, Arlington, Borger and Pampa. For the second year in a row, DFB has been selected as the Best ...and more »
  

• Best Agency to Work For – South Central: DFB Insurance Group

  06-11-2015 17:30
  
  PAMPA, TEXAS DFB Insurance Group Best Agency to Work For – South Central Making Money, Valuing Family, Having Fun   With roots stretching back to 1925, DFB Insurance Group now is one of the largest independent insurance agencies in Texas, …
  
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• Jury Awards Former LA Times Columnist $7.1M in Discrimination Suit

  06-11-2015 17:28
  
  A jury has awarded $7.13 million to former Los Angeles Times sports columnist T.J. Simers, who claimed he was forced out of his $234,000-a-year job by age and health discrimination. The Superior Court jury made the lawsuit award on Wednesday …
  
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• Alliant in California Names Sampiere Chief Information Officer

  06-11-2015 17:13
  
  Newport Beach, Calif.-based Alliant Insurance Services has named Steve Sampiere chief information officer. Sampiere will direct a breadth of initiatives focusing on innovation, security and facilities. He takes the reins of CIO from Ilene Anders, who became chief financial officer …
  
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• Independent Agency Profitability, Organic Growth Dipped in Q3: Reagan Consulting

  06-11-2015 17:11
  
  Independent insurance agents and brokers posted median organic growth of 4.4 percent for the third quarter of 2015, compared with 6.0 percent in the third quarter of 2014, as measured by the Reagan Consulting Organic Growth and Profitability (OGP) quarterly …
  
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• Now 40 Confirmed E. Coli Cases Linked to Chipotle in Pacific Northwest

  06-11-2015 17:05
  
  The number of confirmed E. coli food poisoning cases linked to Chipotle Mexican Grill Inc. restaurants in Washington state and Oregon rose to 40 on Thursday, as health safety officials continued searching for the source of the contamination. Oregon increased …
  
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• New Research Exposes Big Problem With Long-Term Care Insurance - Forbes

  06-11-2015 16:25 via
  New Research Exposes Big Problem With Long-Term Care Insurance
  Forbes
  Some people protect themselves from the exorbitant out-of-pocket cost of long-term care (median annual price of a private room in a nursing home: $91,250, according to Genworth Financial), by buying long-term care insurance policies. But here's some ...and more »
  

• 5 Recent Reports on Businesses and Cyber Security, Liability and Insurance - Insurance Journal

  06-11-2015 15:41 via
  5 Recent Reports on Businesses and Cyber Security, Liability and Insurance
  Insurance Journal
  Cyber security is clearly on the minds of business executives, most of whom acknowledge their firms have been victimized by some sort of cyber attack. What are they thinking about cyber security, cyber liability and cyber insurance? Below are summaries ...
  Experts: Cyber liability insurance and lawsuits set to improve securityTechTargetall 10 news articles »
  

• 5 Recent Reports on Businesses and Cyber Security, Liability and Insurance

  06-11-2015 15:33
  
  Cyber security is clearly on the minds of business executives, most of whom acknowledge their firms have been victimized by some sort of cyber attack. What are they thinking about cyber security, cyber liability and cyber insurance? Below are summaries …
  
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• Marsh & McLennon acquires Dawson Insurance - PropertyCasualty360

  06-11-2015 14:17 via
  Marsh & McLennon acquires Dawson Insurance
  PropertyCasualty360
  Dawson Insurance, which was established in 1917, serve clients in North Dakota and Minnesota, providing commercial and personal insurance, surety bonds, safety and loss control programs, and employee benefits services, with a particular focus on the ...
  

• Toyota $1B Research Labs Near Stanford, MIT to Develop Autonomous Vehicles

  06-11-2015 14:15
  
  Toyota Motor Corp. is spending $1 billion to form a research institute focused on the artificial intelligence and robotics technology it needs to make cars that can overcome driver errors and reduce traffic fatalities. Toyota Research Institute Inc. will pitch in …
  
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• Marsh & McLennon acquires Dawson Insurance

  06-11-2015 14:15
  
  Marsh & McLennon Agency LLC has acquired Dawson Insurance Agency, a 98-year-old family-owned agency in Fargo, North Dakota.
  
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• Marsh & McLennan acquires Dawson Insurance

  06-11-2015 14:15
  
  Marsh & McLennan Agency LLC has acquired Dawson Insurance Agency, a 98-year-old family-owned agency in Fargo, North Dakota.
  
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• Farm and Food: Crop insurance goes global - Lincoln Journal Star

  06-11-2015 14:09 via
  Farm and Food: Crop insurance goes global
  Lincoln Journal Star
  It was the legislative equivalent of pulling an elephant out of a hat as the stage curtain was about to fall. The day before the House of Representatives voted 266-167 to approve a long-sought, two-year federal spending deal, House and Senate ag ...and more »
  

• Flood insurance on the cusp of tremendous change

  06-11-2015 14:05
  New, private alternatives to the NFIP, coupled with multiple changes to pricing and coverage for products available from the NFIP, underscore the importance of agent education.
  
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• Credit Markets Oppose Splitting Up AIG

  06-11-2015 14:03
  
  American International Group Inc. Chief Executive Officer Peter Hancock has a bit of ammo as he meets Thursday with activist shareholder Carl Icahn: The credit market has been on the insurer’s side. The cost to protect bondholders against an AIG …
  
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• Best Agency to Work For – West: Der Manouel, Where Improvement Is Key

  06-11-2015 14:00
  
  FRESNO, CALIFORNIA Der Manouel Best Agency to Work For – West Building a great agency starts with building great people. That should be the slogan for Der Manouel Insurance Group in Fresno, Calif. Employees think highly of the agency, and …
  
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• People on the move in the P&C insurance industry: Nov. 6, 2015

  06-11-2015 13:30
  
  News from Willis, Aspen, Risk Strategies, Cunningham and more.
  
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• 5 subrogation recovery tips

  06-11-2015 13:15
  
  Property claims pose unique challenges for insurers.
  
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• Russian Air Crash Bomb Theories Highlight Insider Threat to Aviation Security

  06-11-2015 13:05
  
  The possibility that Islamic terrorists smuggled a bomb onto a Russian jet flying home from Egypt highlights a new area of worry for aviation security: the insider threat. Instead of focusing on a small cadre of al-Qaeda forces trying to …
  
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