Insurance news

• Maine High Court Rejects Insurance Payout to Assault Victim’s Estate

  03-12-2015 23:29
  
  Maine’s highest court says the estate of a man killed in a Portland punching incident isn’t entitled to money from the puncher’s family’s insurance policy. Eric Benson’s estate sued William Googins after Googins punched Benson in the face, causing Benson …
  
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• Towers holders should reject Willis bid, Glass Lewis says

  03-12-2015 21:59
  
  The transaction remains inappropriately structured and Towers Watson investors should reject the deal, Glass Lewis said in an updated report.
  
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• Kuckenbaker Joins Brokerage Team at SierraSpecialty in California

  03-12-2015 21:22
  
  Patricia Kuckenbaker has been named a surplus lines broker with SierraSpecialty’s team in Clovis, Calif. Kuckenbaker will be operating throughout the Western U.S. Her specialty is brokering contractors and transportation exposures. Kuckenbaker has experience in sales and marketing with Hartford, and …
  
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• Fitch: Insurance brokers should see modest growth in 2016

  03-12-2015 21:05
  
  Agency expects stable credit ratings over the next year and a half.
  
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• 5 new marketing rules created by technology

  03-12-2015 20:00
  
  In this technology-driven world of marketing, do the proven principles of marketing strategy still apply or are there new rules for marketing success?
  
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• Zurich Insurance raises job cut plans to affect at least 1,800

  03-12-2015 18:58
  
  Zurich Insurance Group AG, Switzerland’s biggest insurer, is increasing job cuts and relocations to a total of at least 1,800 as the company reduces costs and overhauls its biggest unit.
  
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• Minnesota to Allow Chronic Pain Patients to Use Medical Marijuana

  03-12-2015 18:52
  
  Minnesota health officials will allow residents with chronic pain to buy medical marijuana starting in August, they announced on Dec. 2 in a long-awaited decision that could expand enrollment in the state’s struggling program by thousands of patients. Department of …
  
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• Arkansas Gov. Replaces Health Insurance Exchanges Board Members

  03-12-2015 18:46
  
  Arkansas Gov. Asa Hutchinson has replaced the chairman and one other member of a state board that establishes health insurance exchanges for small-business employees and individual consumers. The Arkansas Democrat-Gazette reported that the governor removed Chris Parker, an attorney who …
  
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• Vermont Trooper Specializes in Speeders on I-89 Hotspot

  03-12-2015 18:45
  
  A stretch of the southbound side of Interstate 89 in Vermont is a hotspot for speeders traveling faster than 100 miles per hour and a member of the Vermont State Police’s traffic safety unit has made a specialty of catching …
  
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• 5 legal decisions that impacted the insurance industry in 2015

  03-12-2015 18:40
  
  This year was filled with court rulings that concerned insurers.
  
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• BP Supervisor Pleads Guilty to Misdemeanor in Deepwater Horizon Oil Spill

  03-12-2015 18:39
  
  Manslaughter charges were dropped on Wednesday, Dec. 2, against a BP supervisor responsible for safety aboard the rig where an explosion killed 11 workers in 2010, and he pleaded guilty to a misdemeanor charge of violating the federal Clean Water …
  
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• Former Owners of Wood-Recycling Plant Ordered to Pay $50M in Damages

  03-12-2015 18:34
  
  A judge has ordered the former owners of a northern Indiana wood-recycling plant to pay $50.6 million in damages to nearby residents people who contended its dust and fumes threatened their health. U.S. District Judge Philip Simon last week ordered …
  
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• Mathenia Insurance Expands Agency Team

  03-12-2015 18:31
  
  St. Peters, Mo.-based Mathenia Insurance Group recently hired Andy Kelly as a producer and Leslie Osborne as new business support. Kelly will represent a variety of insurance products and services to existing and potential clientele. His responsibilities include providing expert guidance …
  
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• Zurich Insurance Increases Job Cuts & Relocations to at Least 1,800 Positions

  03-12-2015 18:27
  
  Zurich Insurance Group AG, Switzerland’s biggest insurer, is increasing job cuts and relocations to a total of at least 1,800 at the company reduces costs and overhauls its biggest unit. The company will move 300 positions in group operations out of Switzerland by …
  
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• King Appointed to Texas Windstorm Insurance Board

  03-12-2015 18:25
  
  Texas Commissioner of Insurance David Mattax has appointed Deborah King to the board of directors of the Texas Windstorm Insurance Association (TWIA). King of Highland Village is vice president and chief actuary at Republic Underwriters Insurance Co. She has 25 …
  
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• Veteran Files Suit Against Oregon College for Discrimination

  03-12-2015 17:23
  
  A retired Army officer who worked in the ROTC office at the University of Portland in Oregon has filed a lawsuit claiming his co-workers discriminated against him because of disabilities he suffered in combat in Iraq and Afghanistan. The Oregonian reported that …
  
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• Rideshare Operators Don’t Have to Provide Driver Names in Vegas

  03-12-2015 17:20
  
  Ridesharing companies in Las Vegas, Nev. such as Uber and Lyft won’t have to hand over lists of their drivers to Clark County commissioners after all. Commissioners voted this week to approve its business licensing ordinance without language requiring the companies …
  
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• USGS Says M4.6 Quake Struck Southern Alaska

  03-12-2015 17:15
  
  A magnitude 4.6 earthquake has struck in southern Alaska. The U.S. Geological Survey says the earthquake hit just after 2 a.m. local time on Wednesday and was centered about 48 miles northwest of Valdez and 93 miles east-northeast of Anchorage. …
  
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• Plymouth Rock Promotes Nisenson to Lead N.J. Prudential Agent Division

  03-12-2015 16:21
  
  Plymouth Rock Assurance has promoted Larry Nisenson to president of the Plymouth Rock Prudential Agent Division. He is based in Red Bank, New Jersey. Plymouth Rock’s Prudential Agent Division supports New Jersey Prudential Financial’s professionals who are authorized to distribute …
  
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• Mass. AG Argues Mapfre, Safety Won Excessive Home Insurance Rate Hikes

  03-12-2015 16:18
  
  Massachusetts Attorney General Maura Healey says two of the state’s largest homeowners’ insurance companies won excessive and unwarranted rate increases of about 9 percent by taking advantage of last winter’s record snowfall. The Boston Globe reports that Healey’s office found …
  
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• Rodrigues Joins Markel Global Excess Liability Team in New York

  03-12-2015 16:12
  
  Markel Global Insurance announced that Alan Rodrigues has joined the Excess Liability team based in New York. He will assume the title of managing director and assume responsibility for developing a middle-to-upper-middle market product. Rodrigues has more than 35 years …
  
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• Huge Highway Bill Includes Safety, Trucking, Rail, Ex-Im Bank Provisions

  03-12-2015 16:04
  
  U.S House and Senate lawmakers reached agreement on Tuesday on a $305 billion, five-year transportation bill that would revive the politically embattled Export-Import Bank while funding roads, bridges and mass transit. The legislation, which has support from leading Republicans and …
  
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• Supreme Court Hears Liberty Mutual Case Against Vermont Data Law

  03-12-2015 15:44
  
  Members of the U.S. Supreme Court on Wednesday indicated that Vermont and 17 other states could be prevented from collecting healthcare information from certain employee health plan administrators. The nine justices heard a one-hour oral argument over whether a 2005 …
  
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• Target Settles 2013 Data Breach Claims with Banks

  03-12-2015 15:20
  
  Target Corp. will pay about $39 million to banks and credit unions to resolve losses from a 2013 holiday- season data breach, as retailers and financial institutions continue to grapple with the costs of major hacker attacks. Financial institutions sued …
  
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• Vienna Insurance CEO to Leave Over Strategic Differences; Stadler Is Successor

  03-12-2015 14:54
  
  Vienna Insurance Group AG, Austria’s biggest insurer, said Chief Executive Officer Peter Hagen will leave the company over strategic differences later this month, more than two years before the end of his term. The company named Elisabeth Stadler as a successor, according …
  
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• Lloyd’s Performance Management Director, Bolt, to Leave Corporation Next Year

  03-12-2015 14:39
  
  Lloyd’s of London announced its director of performance management, Tom Bolt, has decided to leave the corporation in mid-2016, after almost seven years of front line service. Bolt was appointed in September 2009, and is a member of Lloyd’s executive …
  
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• Cyber Insurance Rates Up, Unlike Other Commercial Rates

  03-12-2015 14:09
  
  Cyber insurance stood out in the third quarter as the only line for which insurers saw consistent and large rate increases, which averaged more than 15 percent in the United States, according to the latest analysis from Marsh. Even with …
  
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• Calling tips for insurance agencies and brokers

  03-12-2015 14:00
  
  Cold calling can still be an effective tool to contact and validate potential insurance leads.
  
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• Profiling insurance pros under 40: Jonathan Reiner

  03-12-2015 13:15
  
  Meet Jonathan Reiner, an executive vice president specializing in cyber liability at RT Specialty in Chicago.
  
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• Humble beginnings: A look at the early history of 15 insurance agencies

  03-12-2015 13:00
  
  Those who succeed in starting their own insurance agency come from many backgrounds, but share several common traits.
  
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• 15 Automakers, U.S. Meet on Safety, Recalls, Hacking

  03-12-2015 12:44
  
  Executives from 15 auto companies met with U.S. Transportation Secretary Anthony Foxx Tuesday to discuss specific industrywide actions that can improve safety and prevent cars from being hacked. The meeting was convened after record numbers of cars have been recalled …
  
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• ACE Appoints Commercial P&C Leaders for Overseas General Insurance Division - Insurance Journal

  03-12-2015 11:21
  ACE Appoints Commercial P&C Leaders for Overseas General Insurance Division
  Insurance Journal
  ACE Ltd. has appointed the commercial property & casualty leadership team for the company's Overseas General Insurance division. The leadership appointments will take effect upon completion of the acquisition of Chubb, which is expected in the first ...
  

• ACE Appoints Commercial P&C Leaders for Overseas General Insurance Division

  03-12-2015 11:21
  
  ACE Ltd. has appointed the commercial property & casualty leadership team for the company’s Overseas General Insurance division. The leadership appointments will take effect upon completion of the acquisition of Chubb, which is expected in the first quarter of 2016. …
  
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• Business Losses in India’s Flood-Ravaged Chennai Could Top $2.2 Billion

  03-12-2015 10:20
  
  As the flood-ravaged Indian city of Chennai prayed for respite from torrential rains, a trade body said losses to businesses from the record downpour could reach more than 150 billion rupees ($2.2 billion). Water discharged from overflowing lakes and reservoirs …
  
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• XL to Sell $22B of Life Policies to RGA, as CEO McGavick Narrows Focus on P&C

  03-12-2015 09:45
  
  XL Group Plc agreed to sell about 290,000 life insurance policies at a loss to Reinsurance Group of America Inc. as Chief Executive Officer Mike McGavick narrows his company’s focus to property & casualty coverage after buying Catlin Group Ltd. The deal …
  
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• Kinsale Insurance Forms Inland Marine Division - Insurance Journal

  03-12-2015 06:59
  Kinsale Insurance Forms Inland Marine Division
  Insurance Journal
  Kinsale Insurance Company has formed a new Inland Marine Division. Havis Wright recently joined Kinsale as the division manager named to lead the effort. Kinsale's initial underwriting focus is on the inland marine classes found within the construction ...
  Insurer forms inland marine division for construction, transportation sectorsBusiness Insuranceall 2 news articles »
  

• Kinsale Insurance Forms Inland Marine Division

  03-12-2015 06:58
  
  Kinsale Insurance Company has formed a new Inland Marine Division. Havis Wright recently joined Kinsale as the division manager named to lead the effort. Kinsale’s initial underwriting focus is on the inland marine classes found within the construction, mobile equipment, …
  
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• J. Smith Lanier Announces Stock Merger with Alabama’s Rogers, Parker & Associates

  03-12-2015 06:53
  
  J. Smith Lanier & Co., an independent insurance brokerage firm, has announced a stock merger with Rogers, Parker & Associates, Inc., of Florence, Ala., effective December 1, 2015. Rogers, Parker & Associates, Inc. traces its origin to 1898 when agency …
  
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• Disaster Loans Offered to West Virginia Businesses Impacted by Weather

  03-12-2015 06:35
  
  Small businesses in West Virginia that have been impacted by bad weather may be able to get financial assistance from the federal government. The U.S. Small Business Association says economic injury disaster loans are available for certain small businesses, small …
  
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• North Carolina Judge Rejects 13-Year-Old’s Climate Change Challenge

  03-12-2015 06:32
  
  A judge has ruled against a 13-year-old girl who took North Carolina to court over climate change, but the eighth-grader says she’ll continue to fight for environmental protections. The News & Observer of Raleigh reports Hallie Turner learned Nov. 25 …
  
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• Tennessee Supreme Court Rejects Constitutionality Ruling on Damages Cap

  03-12-2015 06:06
  
  The Tennessee Supreme Court has vacated the decision of a trial court that ruled a state law putting a cap on certain personal injury damages is unconstitutional. The decision stems from a negligence lawsuit brought by Donald and Beverly Clark …
  
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• Genworth completes sale of insurance arm - Richmond Times-Dispatch

  03-12-2015 04:21
  mySanAntonio.com
  Genworth completes sale of insurance arm
  Richmond Times-Dispatch
  Henrico County-based Genworth Financial Inc. said Wednesday it has completed the previously announced sale of its lifestyle protection insurance business to French insurer Axa S.A.. Genworth announced the sale in July as part of the insurer's ongoing ...
  Alcoa Schools gets $458000 in insurance reimbursementsMaryville Daily Timesall 1,895 news articles »
  

• Felix Doubront, insurance policy for the Oakland A's rotation - Athletics Nation

  03-12-2015 03:38
  Athletics Nation
  Felix Doubront, insurance policy for the Oakland A's rotation
  Athletics Nation
  What do you see when you look at Felix Doubront? When the Oakland A's acquired him last season, I saw the mythical "replacement player," brought in at a moment's notice at little-to-no cost to absorb some playing time that no one else was using. When ...and more »
  

• Lawsuit alleges two Las Vegas doctors defrauded insurance companies - Las Vegas Review-Journal

  03-12-2015 03:04
  Las Vegas Review-Journal
  Lawsuit alleges two Las Vegas doctors defrauded insurance companies
  Las Vegas Review-Journal
  A civil racketeering lawsuit claims two Las Vegas doctors have been defrauding insurance companies in cases involving automobile crashes dating back to 2006. The federal lawsuit was filed Tuesday against Dr. Marjorie Belsky and her husband, ...
  

• Crop insurance 'fix' draws praise - Grand Forks Herald

  03-12-2015 02:31
  Grand Forks Herald
  Crop insurance 'fix' draws praise
  Grand Forks Herald
  GRAND FORKS, N.D. -- Farm groups, farm state politicians and crop insurance organizations are praising congressional action that promises to reverse proposed cuts to the federal crop insurance program. The budget bill passed earlier this year contained ...
  Highway Bill will Reverse Crop Insurance CutsHoosier Ag Today
  Crop insurance cuts restored in highway billFeedstuffs
  Highway deal reverses crop insurance cutAgri-Pul
  

• Mt. Pleasant insurance agency collects 'Suits for Soldiers' - Tribune-Review

  03-12-2015 01:58
  Mt. Pleasant insurance agency collects 'Suits for Soldiers'
  Tribune-Review
  Mt. Pleasant's Randy Hohol, insurance and financial services Agent for the borough's Farmers Insurance branch, displays several of the suits his agency has collected recently as part of the company's participation in the 'Suits for Soldiers' program ...
  

• Lawmaker wants officials to reconsider insurance rate hikes - The Boston Globe

  03-12-2015 01:41
  The Boston Globe
  Lawmaker wants officials to reconsider insurance rate hikes
  The Boston Globe
  The chairman of a powerful state Senate committee on Wednesday called on the Division of Insurance to reconsider the substantial rate increases granted to two of the state's largest home insurance companies and open hearings on whether increases are ...
  Attorney general faults insurance companies' rate increasesBoston Heraldall 19 news articles »
  

• Western Slope sees dramatic rise in insurance premium rates - Crested Butte News

  03-12-2015 00:58
  Western Slope sees dramatic rise in insurance premium rates
  Crested Butte News
  Health insurance rates are on the rise across Colorado, and particularly on the Western Slope. As the enrollment period approaches the deadline for a January 1 coverage date, insurance agents are busy helping individuals and families pick insurance plans.
  

• Smooth Sailing for Most California Workers’ Comp Cases, Drugs a Problem

  03-12-2015 00:50
  
  More than eight-in-10 workers’ compensation cases in California were taken care of without a hitch, and an overwhelming majority of those cases sent to review were ultimately upheld, according to a new study detailing the outcomes of millions of cases …
  
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• Insurance is for when life is hard, but shouldn't be hard to use - St. George Daily Spectrum

  03-12-2015 00:04
  St. George Daily Spectrum
  Insurance is for when life is hard, but shouldn't be hard to use
  St. George Daily Spectrum
  You never know when you might need to call on your insurance carrier to cover a claim. Life is unpredictable and anyone can have a momentary lapse in judgment. Below are a couple of bizarre but actual explanations I came across that were given by ...
  

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