Insurance news

• As insurance companies threaten to leave the Affordable Care Act, a look at ... - 89.3 KPCC

  23-11-2015 23:38 via
  89.3 KPCC
  As insurance companies threaten to leave the Affordable Care Act, a look at ...
  89.3 KPCC
  A woman looks at the HealthCare.gov insurance exchange internet site. KAREN BLEIER/AFP/Getty Images. Vector triangle white. Listen to this story 24 min 34 sec. Share. Share via Email email; Share on Twitter; Share on Facebook. UnitedHealth, the largest ...
  After the UNH Blowup, Should You Short Health Insurance Stocks?Investorplace.com
  Obamacare is a challenge for insurance companiesDesMoine
  

• NC consumers to get $8.5M in health insurance rebates - WRAL.com

  23-11-2015 21:12 via
  WRAL.com
  NC consumers to get $8.5M in health insurance rebates
  WRAL.com
  Raleigh, N.C. — Health insurers will have to give $8.5 million in premiums back to individual and business customers for failing to meet requirements of the Affordable Care Act, state Insurance Commissioner Wayne Goodwin said Monday. Under the federal ...
  Thanks to Obamacare rule, insurance companies owe N.C. consumers $8.5 millionCharlotte Business Journal
  Thousands can expect refunds from NC insurance companies
  

• Tips for your clients and employees to have a 'safe ride' this Thanksgiving

  23-11-2015 20:30
  
  NHTSA offers advice for people who are planning to drive out of town for Thanksgiving.
  
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• VW bad news drip continues two months after scandal started

  23-11-2015 19:13
  
  Volkswagen AG’s emissions scandal is still widening more than two months after its cheating became public.
  
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• NAIC elects its officers for 2016

  23-11-2015 18:35
  
  Missouri's top insurance regulator to lead organization starting Jan. 1.
  
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• Liberty Insurance Must Pay Attorney’s Fees in Gulf Oil Spill Case

  23-11-2015 18:34
  
  A federal appeals court has ruled against an insurer in its quest to avoid paying attorneys’ fees in litigation stemming from 2010’s Deepwater Horizon oil spill. The U.S. Court of Appeals for the 5th Circuit in New Orleans found hollow …
  
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• Google Compare for Mortgages Launched in California, Other States to Follow

  23-11-2015 18:01
  
  Google has official launched the newest addition to its suite of Google Compare products: mortgages. Google Compare for Mortgages was announced​ earlier this year, and is now being made available in California with more states to follow, the Mountain View, …
  
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• South Dakota Rancher Pleads Guilty to False Cattle Loss Claims

  23-11-2015 18:00
  
  A South Dakota rancher has pleaded guilty in federal court to falsely claiming he lost more than a hundred cattle during the autumn blizzard of 2013 that left ranchers in the state reeling with financial losses. Karl Knutson pleaded guilty …
  
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• Audit Finds Wisconsin Insurance Fund Ends FY2015 $6M in Red

  23-11-2015 17:58
  
  The Wisconsin state fund that insures local governments’ property finished the last fiscal year nearly $6 million in the red, according to a report released on Nov. 20. The review from the Legislative Audit Bureau found the fund’s financial position …
  
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• Icahn proposes AIG shakeup, says CEO unwilling to be bold

  23-11-2015 17:54
  
  Billionaire investor Carl Icahn said he may seek to shake up leadership at AIG after CEO Peter Hancock rebuffed his plan to split the insurer into three companies.
  
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• Audit: Oklahoma Workers’ Comp Commission not Tracking Payments

  23-11-2015 17:54
  
  A state audit of the Oklahoma Workers’ Compensation Commission indicates the agency has not been tracking some mandatory assessments. A sample test of claims paid from two funds showed roughly half had no supporting documentation to determine the calculation used …
  
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• Fifth Largest AIG Shareholder, Icahn, May Propose New AIG Director

  23-11-2015 17:40
  
  Activist investor Carl Icahn said he may propose adding a new director to American International Group’s board, since AIG Chief Executive Peter Hancock was unlikely to “sincerely consider” his suggestion to split the company into three. Icahn disclosed on Monday …
  
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• R.I. Taxi Companies Agree to Delay Uber Case Until After Session

  23-11-2015 17:35
  
  Two Rhode Island taxi companies seeking to stop ride-hailing company Uber from operating in Rhode Island have agreed to delay the case until after the legislative session. Orange Cab of Newport and Airport Taxi of Warwick filed a lawsuit in …
  
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• Seniors Fitted for Safe Driving Through Virginia’s Car Fit Program

  23-11-2015 17:26
  
  William Cohen beeped his car horn, making those nearest jump and then laugh. Getting the all-clear from a nearby Albemarle County, Virginia, police officer, the senior driver took off for the parking lot exit in his black SUV. On Nov. …
  
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• Consumer group challenges redactions, sealed filings in MetLife's lawsuit

  23-11-2015 17:20
  
  Better Markets says insurer and Justice Department attorneys 'have created a litigation record largely shrouded in secrecy.'
  
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• Volunteer Beat at Oregon Women’s Shelter Seeks $675K

  23-11-2015 17:18
  
  A volunteer seeks $675,000 in a lawsuit against the Gospel Rescue Mission of Grants Pass, Ore. alleging it failed to protect her from an enraged man whose wife and daughter were at a women’s shelter. The lawsuit and a police …
  
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• Technology to Improve Truckers Safety Tested in Utah

  23-11-2015 17:15
  
  Utah is test-driving new technology that could improve safety and fuel efficiency for big-rig truckers. The Utah Department of Transportation started conducting field tests last week of a vehicle-to-vehicle communication system aimed at the trucking industry. The tests were done …
  
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• JLT Specialty USA Announces Addition of Marine Specialty in NYC

  23-11-2015 17:15
  
  JLT Specialty USA, a U.S. subsidiary of Jardine Lloyd Thompson Group plc. (JLT), a specialty-focused provider of insurance, reinsurance and employee benefits related advice, brokerage and associated services, announced the addition of a marine specialty practice. The marine specialty practice …
  
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• Drivers in black neighborhoods pay 70% more for Auto insurance, report says

  23-11-2015 17:15
  
  The Consumer Federation of America reviewed quotes by ZIP code from the five biggest Auto insurers.
  
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• Some Asbestos Left Behind in Montana Town Amid Move to End Cleanup

  23-11-2015 17:12
  
  Federal officials say their final analysis of a Montana community wracked by deadly asbestos contamination shows a costly and much-criticized cleanup is working – even though about 700 properties have yet to be investigated. The U.S. Environmental Protection Agency has …
  
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• Selective Insurance Announces Officer Appointments in New Jersey

  23-11-2015 17:08
  
  Selective Insurance Group Inc. in Branchville, New Jersey, announced the following appointments by its subsidiary, Selective Insurance Company of America. Jamie Beal to assistant vice president, director of Communications. Beal joined Selective in September 2015. Prior to that, she served …
  
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• Three California Men File Suits After E-Cigarette Batteries Explode

  23-11-2015 17:06
  
  Three California men have filed lawsuits against manufacturers, wholesalers and retailers of electronic cigarettes, claiming the products’ batteries exploded, causing severe injuries. The Los Angeles Daily News reported that the three men, one of whom is a former L.A. Galaxy …
  
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• Missouri Insurance Director Huff Elected NAIC President

  23-11-2015 17:05
  
  Members of the National Association of Insurance Commissioners (NAIC) have elected 2016 officers who will will assume their duties on Jan. 1, 2016. President: Missouri Insurance Director John M. Huff President-Elect: Kentucky Insurance Commissioner Sharon P. Clark Vice President: Wisconsin …
  
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• U.K. MGAs Seek Greater Role in Claims Process: MGAA Matters Survey

  23-11-2015 15:33
  
  Managing general agents are keen to be more involved in the claims process because they view claims as a core competence with an intrinsic link to underwriting, according to the latest MGAA Matters Survey.* The fourth quarterly MGAA Matters Survey, which …
  
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• How to find your voice as an insurance agent

  23-11-2015 14:00
  
  There are about 374,700 active insurance agents in the U.S. What makes you stand out?
  
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• London Insurance Market Vulnerable to Major Cyber Attack: Xchanging Survey

  23-11-2015 13:34
  
  Only one-third of insurers in the London market believes their firm could withstand a major cyber attack, and almost half felt they were underprepared, according to a survey conducted by Xchanging plc, the U.K. business technology and services provider. Insurers, like many …
  
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• 15 home insurance companies ranked from worst to best by consumers

  23-11-2015 13:30
  
  Home insurance customers rated how satisfied they were with their insurers on five key measurements in a survey by Insure.com.
  
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• When Mother Nature has a bad day, it pays to understand flood insurance

  23-11-2015 13:00
  
  Here's what every insurance agent needs to know to become more comfortable with selling flood insurance policies.
  
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• Paris Climate Summit Will Seek New Path to Reduce Carbon Emissions

  23-11-2015 12:58
  
  Next week, in the waning days of what is set to be the hottest year on record, world leaders meet on the outskirts of Paris for a summit that seeks nothing less than to steer the global economy away from …
  
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• ACE Names Future Leadership Team for Overseas General Insurance Operations

  23-11-2015 09:53
  
  ACE Ltd. announced the senior leadership team it intends to appoint for the new Chubb Group’s Overseas General Insurance division. This division comprises two major businesses: one with distribution through retail brokers in five regions of the world – Asia …
  
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• ACE Makes Future Leadership Appointments for APAC Region

  23-11-2015 08:55
  
  ACE Ltd. announced key leaders it intends to appoint for the Asia Pacific region of the new Chubb Group’s Overseas General Insurance division, which includes Australia, China, Hong Kong, Indonesia, Korea, Macao, Malaysia, New Zealand, Philippines, Singapore, Taiwan, Thailand and …
  
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• China’s Fosun Completes Acquisition of Remaining 80% Interest in Ironshore

  23-11-2015 07:55
  
  Ironshore Inc. and Fosun International Ltd. announced that Fosun has completed the acquisition of the remaining 80 percent equity interest in Ironshore. Fosun has received approvals from all relevant regulatory authorities in the United States, the United Kingdom and other …
  
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• Labbe Named Asst. VP, Loss Control, for Amerisure’s Southwest Region

  23-11-2015 07:23
  
  Amerisure Mutual Insurance Co. promoted Rod Labbe to assistant vice president of Loss Control, Southwest Region. He is based in Dallas and reports to Kevin Clary, vice president of Loss Control with Amerisure. Labbe assumes loss control leadership responsibility for …
  
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• Cincinnati Insurance Announces Property/Casualty Leadership Changes

  23-11-2015 07:05
  
  Cincinnati Financial Corp. announced that Stephen M. Spray, senior vice president, will transition to commercial insurance operations at Cincinnati Insurance effective Jan. 1, 2016, establishing the leadership perpetuation plan for the segment. Also on Jan. 1, Sean M. Givler, secretary, will …
  
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• MarketScout Launches Professional Liability Practice, Hires McCormick to Lead

  23-11-2015 06:14
  
  MarketScout, the national electronic insurance exchange and specialty MGA headquartered in Dallas, has formed a national professional liability practice with the addition of insurance industry veteran, Laura McCormick. McCormick joins MarketScout as the senior vice president and national practice leader …
  
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• Brown & Brown Acquires Assets of Florida-Based Bentrust Insurance Group

  23-11-2015 06:06
  
  Brown & Brown of Florida, Inc., a subsidiary of Brown & Brown, Inc., has acquired certain assets of BenTrust, which includes Bentrust Financial, Inc. d/b/a Bentrust Insurance Group; Bentrust AIB, LLC, and Florida MGA, LLC d/b/a Delta Dental MGA, according …
  
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• Florida to Put Fences Around Train Tracks After Fatal Crashes

  23-11-2015 05:15
  
  The Florida Department of Transportation says it is planning to install fences around train tracks to avoid more fatal crashes. The Orlando Sentinel reports about $300,000 will go toward the fencing project that will install 6-foot chain-link fences. Steve Olson, …
  
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• Blankenship Case in Limbo in West Virginia as Jurors Struggle to Reach Verdict

  23-11-2015 05:10
  
  After a third full day of deliberations, a jury recessed Friday without reaching a verdict in the criminal trial of ex-Massey Energy CEO Don Blankenship. Jurors had been trying since Tuesday, Nov. 17, to reach a decision. Blankenship is charged …
  
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• 3 Tennessee Agents Face Disciplinary Actions, $680K in Fines by TDCI

  23-11-2015 05:01
  
  The Tennessee Department of Commerce and Insurance (TDCI) announced disciplinary actions taken against three former Tennessee agents for misappropriation, failure to report administrative actions, and felony convictions involving fraud. The punishments were the result of months of work by TDCI’s …
  
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• South Carolina’s Agricultural Flood Loss Estimate Reaches $587M

  23-11-2015 04:48
  
  South Carolina’s estimated agricultural losses from last month’s floods have doubled and farmers statewide are hurting, officials said. State Agriculture Commissioner Hugh Weathers initially estimated losses at $300 million, multiple news media outlets reported. Officials with his agency, however, told …
  
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• U.S. to Pursue Covered Agreement with EU for Re/Insurers

  23-11-2015 02:44
  
  The U.S. Treasury and U.S. Trade Representative announced plans on Friday to negotiate a covered agreement on insurance with the European Union, a move it said will “level the regulatory playing field for U.S-based insurers and reinsurers.” Insurers and regulators …
  
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• FAA Task Force Recommends Requiring Registration for Most Drones

  23-11-2015 02:09
  
  Owners of all but the smallest toy drones will have to register them with the U.S. government before the end of the year if the Obama administration adopts proposals issued by a task force it appointed. Registration — designed to …
  
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