Insurance news

• Business Insurance launches diversity and inclusion institute - Business Insurance

  16-12-2015 23:52 via
  Business Insurance
  Business Insurance launches diversity and inclusion institute
  Business Insurance
  NEW YORK — Business Insurance has launched its Diversity and Inclusion Institute aimed at finding solutions to the insurance industry's diversity challenge. Nikki Pirrello, associate group publisher of marketing and conferences for Pensions ...
  

• Walker signs health insurance oversight bill - Green Bay Press Gazette

  16-12-2015 23:46 via
  Green Bay Press Gazette
  Walker signs health insurance oversight bill
  Green Bay Press Gazette
  MADISON - Gov. Scott Walker has signed a bill that gives the Legislature's budget committee oversight of any contract moving Wisconsin public workers into a self-insurance system. The governor signed the bill privately Wednesday. The measure comes as ...
  Governor signs health insurance oversight billChannel3000.com - WISC-TV3all 117 news articles »
  

• Wells Fargo eyes insurance brokerage acquisitions - Business Insurance

  16-12-2015 23:13 via
  Business Insurance
  Wells Fargo eyes insurance brokerage acquisitions
  Business Insurance
  (Reuters) — Wells Fargo & Co. is restarting efforts to expand its insurance brokerage business through acquisitions after previously announced M&A aspirations did not pan out. Laura Schupbach, executive vice president and head of Wells Fargo Insurance ...and more »
  

• Obamacare Deadline Extensions: Health Insurance Shoppers Can Still Get ... - CNNMoney

  16-12-2015 23:10 via
  Obamacare Deadline Extensions: Health Insurance Shoppers Can Still Get ...
  CNNMoney
  Today eHealth, Inc. (NASDAQ: EHTH) (eHealth.com), the nation's first and largest private online health insurance exchange, announced that consumers can use eHealth.com to apply for government subsidies and enroll in health insurance in 38 states until ...and more »
  

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• Recent Attacks Spike Interest In Terrorism Insurance - NPR

  16-12-2015 23:00 via
  Recent Attacks Spike Interest In Terrorism Insurance
  NPR
  When an event happens like the massacres in San Bernardino, Calif., or Paris, interest spikes in terrorism insurance. Nearly six in 10 major businesses in America are insured for terrorism damage. ARI SHAPIRO, HOST: Today, 6 in 10 major businesses in ...
  

• Commercial Buildings More Often Than Not Have Terrorism Insurance - NPR

  16-12-2015 22:58 via
  NPR
  Commercial Buildings More Often Than Not Have Terrorism Insurance
  NPR
  If you own a commercial building in America, chances are you're going to take out terrorism insurance. It has moved into the mainstream with the depressing frequency of international incidents. Six in 10 major businesses in America are insured for ...and more »
  

• Alcorn Co. Man Sentenced for Insurance Fraud - WCBI

  16-12-2015 22:49 via
  WCBI
  Alcorn Co. Man Sentenced for Insurance Fraud
  WCBI
  ALCORN COUNTY, Miss. (WCBI) — An Alcorn County man is going to prison for insurance fraud. Attorney General Jim Hood announced Wednesday 35-year-old Joshua Marlar has been sentenced for insurance and wire fraud. The Attorney General's office ...
  Alcorn County man sentenced for insurance fraudWJTV
  Man sentenced for insurance, wire fraudWTVA
  Alcorn man going to prison for insurance fraudWDAM-TVall 7 news articles »
  

• Wells Fargo eyes insurance brokerage acquisitions - Reuters

  16-12-2015 22:32 via
  Insurance Business America
  Wells Fargo eyes insurance brokerage acquisitions
  Reuters
  Wells Fargo & Co (WFC.N) is restarting efforts to expand its insurance brokerage business through acquisitions after previously announced M&A aspirations did not pan out. Laura Schupbach, evp and head of Wells Fargo Insurance, said she “hit the pause ...
  Big bank seeks insurance brokerage acquisitions – does it want your business?Insurance Business Americaall 8 news articles »
  

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• IICF Northeast Benefit Dinner Raises $1.26M for Regional Charities

  16-12-2015 22:27
  
  The Insurance Industry Charitable Foundation’s (IICF) 9th annual Northeast Benefit Dinner, held on Dec. 9 at New York City’s Waldorf Astoria Hotel, raised more than $1.26 million for regional charities. More than 900 insurance professionals attended the annual event, which …
  
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• Drone holiday gifts may cause insurance headaches - The Detroit News

  16-12-2015 22:13 via
  The Detroit News
  Drone holiday gifts may cause insurance headaches
  The Detroit News
  Drone sales are expected to go through the roof, and the unmanned aircraft could also go through the neighbor's window. Loading… Post to Facebook. Drone holiday gifts may cause insurance headaches Drone sales are expected to go through the roof, and ...
  

• A.M. Best Downgrades Specialty Auto Writer Nevada General

  16-12-2015 22:03
  
  A.M. Best has downgraded the issuer credit rating to “bbb” from “bbb+” and affirmed the financial strength rating of B++ (Good) of Nevada General Insurance Co. The outlook for the ICR has been revised to stable from negative while the …
  
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• MarketPlace health insurance deadline extended to Dec. 17 - KWQC-TV6

  16-12-2015 20:12 via
  KWQC-TV6
  MarketPlace health insurance deadline extended to Dec. 17
  KWQC-TV6
  QUAD CITIES (KWQC) – If you haven't signed up for health insurance and need to be covered starting January 1, 2016, the federal deadline has been extended. Due to unprecedented demand and volume of consumers contacting HealthCare.gov, the ...and more »
  

• Ford to begin testing driverless cars on California streets

  16-12-2015 19:35
  
  Modified Fusion Hybrids will begin appearing on roads around Silicon Valley and in San Francisco early in the new year.
  
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• Google said to make driverless cars unit an Alphabet company

  16-12-2015 19:13
  
  Google Inc. plans to make its self-driving cars unit, which will offer rides for hire, a stand-alone business under the Alphabet Inc. corporate umbrella next year.
  
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• Rhode Island’s Chestnut Hill Acquires Rotatori Insurance

  16-12-2015 18:59
  
  Chestnut Hill Insurance Group, an independent property/casualty insurance agency in Chepachet, Rhode Island, announced that it has acquired Rotatori Insurance, an independent P/C agency also based in Chepachet. Terms of the transaction were not disclosed. Chestnut Hill Chief Executive Officer …
  
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• NFS Edge Launches Flood Coverage Option for Condo Associations

  16-12-2015 18:58
  
  NFS Edge Insurance Agency, Inc., a unit of Aon National Flood Services, Inc., through its Insurmark division has launched a new private flood insurance alternative to the Residential Condominium Business Association Package (RCBAP) for condo associations located in high flood …
  
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• Universal Property & Casualty Insurance Licensed in New Hampshire - Insurance Journal

  16-12-2015 18:54 via
  Universal Property & Casualty Insurance Licensed in New Hampshire
  Insurance Journal
  Universal Insurance Holdings Inc. in Fort Lauderdale, Florida, announced that its wholly-owned subsidiary Universal Property & Casualty Insurance Company (UPCIC) received a certificate of authority from the New Hampshire Insurance Department ...and more »
  

• 5 Reasons Why You Shouldn't Travel Anywhere Without Travel Insurance - Huffington Post

  16-12-2015 18:51 via
  Huffington Post
  5 Reasons Why You Shouldn't Travel Anywhere Without Travel Insurance
  Huffington Post
  If you have travel plans this holiday season, or extensive travel plans during any other time of the year, you will want to always consider the benefits of travel insurance as part of your preplanning. We'll take a quick look at five immediate perks it ...and more »
  

• Prosecutor to Wait on Charges in Fatal Arkansas Bus Crash

  16-12-2015 18:48
  
  A state police report into a November bus crash that killed six migrant farm workers from Mexico says the driver was “inattentive” in an unsafe manner, but decisions on possible traffic citations or criminal charges will be made after state …
  
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• Preferred Mutual Hires Kellerman as Human Resources Director in New York

  16-12-2015 18:48
  
  Preferred Mutual Insurance Company in New Berlin, New York, has hired Dana Kellerman as director of Human Resources. Kellerman previously worked at General Electric for 15 years leading Global Service Operations and HR teams. In her new role, she will …
  
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• Ohioans Entitled to More Information Under Health Insurance Rule

  16-12-2015 18:45
  
  Ohioans will be able to get more information about healthcare provider networks from health insurance companies beginning in 2016. The rule taking effect in January will require insurance companies to update their directories of those providers at least every three …
  
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• Talley Named Captive Program Manager at Missouri Insurance Department

  16-12-2015 18:43
  
  The Missouri Department of Insurance has appointed John Talley as its new Captive Program Manager. Talley has nearly 25 years of insurance regulatory experience and was most recently chief of Captive Insurance Operations for the New Jersey Department of Banking …
  
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• Lloyd's of London to launch insurance-based index - Business Insurance

  16-12-2015 18:43 via
  Post Online
  Lloyd's of London to launch insurance-based index
  Business Insurance
  Lloyd's of London will launch an insurance-based index in mid-2016, the market announced Wednesday. Lloyd's said in a statement that the index would give managing agents, brokers and other insurers “new options for managing risk and form the basis of ...
  Lloyd's Announces Plan to Launch Proprietary Insurance Index in 2016Insurance Journalall 14 news articles »
  

• Universal Property & Casualty Insurance Licensed in New Hampshire

  16-12-2015 18:36
  
  Universal Insurance Holdings Inc. in Fort Lauderdale, Florida, announced that its wholly-owned subsidiary Universal Property & Casualty Insurance Company (UPCIC) received a certificate of authority from the New Hampshire Insurance Department approving UPCIC as a licensed insurance entity in New …
  
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• Wisconsin Insurance Regulators Implement Electronic Filing Tool

  16-12-2015 18:35
  
  The National Association of Insurance Commissioners (NAIC) announced the State Based Systems (SBS) implementation for Wisconsin, making it the 29th state to license SBS. SBS is an electronic filing tool created for NAIC members to increase efficiency in regulatory functions. …
  
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• Official: 2015 Is Oklahoma’s Wettest Year

  16-12-2015 18:32
  
  An Oklahoma official says 2015 is the state’s wettest year on record, beating a rainfall record set in 1957. The Oklahoman reports that the state has seen an average of 48 inches of rain this year, topping the previous record …
  
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• Austin Cracking Down on Unsafe Rental Properties

  16-12-2015 18:31
  
  Austin code enforcement officials are trying to crack down on unsafe rental properties by adding more properties to its repeat offender list. The Austin American-Statesman reports that city officials have more than doubled the number of properties designated as repeat …
  
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• Nestle CEO takes stand in lawsuit brought by food safety executive

  16-12-2015 18:27
  
  Nestle CEO Paul Bulcke took the witness stand Wednesday in a harassment lawsuit brought by a former employee who alleges the world’s largest food-maker ignored her warnings about product safety.
  
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• 6 Ways Women Can Save on Car Insurance - NerdWallet (blog)

  16-12-2015 18:27 via
  6 Ways Women Can Save on Car Insurance
  NerdWallet (blog)
  Before age 30, men tend to pay more than women do for car insurance — sometimes a lot more. But after that, the tables may turn. One NerdWallet analysis shows that women can pay up to 5.4% more than men for the same coverage once they reach the big ...and more »
  

• Penn. Counselor Allegedly Billed Insurance $600K for Fake Office Visits

  16-12-2015 17:54
  
  Pennsylvania’s attorney general says a western Pennsylvania family counselor billed an insurance company more than $600,000 for sessions that never occurred. Investigators announced insurance fraud and theft charges on Dec. 9 against 33-year-old Lisa Wally, a McKeesport woman who practiced …
  
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• Massachusetts says no to deductible for ice-dam damage

  16-12-2015 17:45
  
  Mapfre USA had wanted customers to pay as much $10,000 toward repairs.
  
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• Nearly $60M Settlement Reached in Washington Fire

  16-12-2015 17:17
  
  A settlement of nearly $60 million has been reached for people who suffered damages as the result of a 2012 blaze near Cle Elum, Wash. lawyers said Monday. Rod Nelson with Abeyta Nelson law firm said in a release that …
  
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• Around the P&C insurance industry: Dec. 16, 2015

  16-12-2015 17:00
  
  Clear Blue, Integro, Ironshore, and more.
  
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• Commercial Broker Trade Group CIAB Adds 4 to Staff

  16-12-2015 16:48
  
  The Council of Insurance Agents & Brokers (CIAB) announced four additions to its association staff. John P. Fielding is joining as in-house general counsel. Fielding has spent the last nine years with the law firm Steptoe in its Washington, D.C. …
  
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• Willis Strengthens Bermuda Team with Warren, Fisher Appointments

  16-12-2015 16:02
  
  Willis Group Holdings announced the appointment of two senior two senior executives to its team at Willis Bermuda for its captive and insurance operations. Nick Warren has been appointed Managing Director for Willis’s captive operation, Willis Management (Bermuda) Ltd. He …
  
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• Investors Now Betting Against Hedge Fund Reinsurers

  16-12-2015 15:24
  
  The shorts are targeting one of Wall Street’s best known short sellers. Bearish investors have piled on bets against a reinsurer started by hedge fund manager David Einhorn as the company’s losses climbed. Short interest on Greenlight Capital Re Ltd., …
  
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• Data-Driven Health Insurance Provider Clover Health Raises Another $35M - TechCrunch

  16-12-2015 15:16 via
  TechCrunch
  Data-Driven Health Insurance Provider Clover Health Raises Another $35M
  TechCrunch
  When Sequoia Capitals Michael Dixon met Clover Health CEO Vivek Garipalli, he said he knew he wanted to invest. The catch: it took 18 months to convince him. But that finally happened, with the company today announcing a $35 million financing round led ...
  Fast-growing San Francisco health insurance startup nabs $35 millionSilicon Valley Business Journal (blog)all 11 news articles »
  

• 7 Actions for Closing Out 2015 As If It Were a New Year

  16-12-2015 15:11
  
  Every year, we do it on the same day at the same time. The instant the calendar changes from the old year to the new one, we convince ourselves that this year will be different. We’re going to do everything …
  
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• Cyclist, Pedestrian Traffic Deaths on Rise in U.S.

  16-12-2015 14:07
  
  More Americans are walking and bicycling to work, which is great as a means to reducing the risk of heart disease, obesity, and stress. But there’s a grim side to this otherwise healthy change in behavior: More pedestrians and cyclists are …
  
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• What not to do on a 'cold e-mail' to your prospect

  16-12-2015 13:30
  
  Here are four blunders to avoid if you are prospecting by e-mail.
  
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• What does this Illinois case say about a captive agent's duty?

  16-12-2015 13:15
  
  A captive agent generally owes a duty to the company, not the insured. But a producer owes the client a duty to procure the coverage requested.
  
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• 10 of the most common phone selling mistakes (and what to do instead)

  16-12-2015 13:00
  
  Closing more phone sales is simple, but you have to play by the rules.
  
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• Mass. auto, home insurance discounts at risk in new year - Lowell Sun

  16-12-2015 12:48 via
  Mass. auto, home insurance discounts at risk in new year
  Lowell Sun
  BOSTON -- Auto and homeowners insurance discounts for hundreds of thousands of Massachusetts customers are scheduled to lapse in the new year without legislative intervention. Insurance industry officials supportive of legislation (H 864) filed in ...and more »
  

• EU Adopts New, Tougher Rules for Tracking Jetliners

  16-12-2015 12:43
  
  The European Union on Wednesday adopted new rules to make it easier to track jetliners, stepping up international efforts to prevent a repeat of the disappearance of a Malaysia Airlines jet with 239 people on board. The move is the …
  
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• Allied World Launches Global Crisis Management Division

  16-12-2015 12:24
  
  Allied World Assurance Company Holdings, AG announced the launch of “a new Global Crisis Management Division, which is comprised of Structured Trade Credit, Political Risk, Multi-Buyer Trade Credit & Product Recall, which will operate under the leadership of Todd Germano, …
  
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• Typhoon Melor Hits Philippines with Fierce Winds and Flooding: AIR

  16-12-2015 12:18
  
  A report from catastrophe modeling firm AIR Worldwide, describes Super Typhoon Melor, known locally as Nona, as having struck the Philippines on Monday, December 14, 2015, at around 3:00 UTC (11:00 a.m. local time) near Batag, Laoang, in the eastern …
  
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• Qatar Re Granted License by Dubai Financial Services Authority

  16-12-2015 12:10
  
  Qatar Reinsurance Company Limited (Qatar Re) announced that the Dubai Financial Services Authority (DFSA) has granted the firm a license to operate in and from the Dubai International Financial Centre (DIFC), which became effective as of 22 November 2015. “The …
  
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• Lloyd’s Announces Plan to Launch Proprietary Insurance Index in 2016

  16-12-2015 12:08
  
  Lloyd’s of London has announced that it “plans to launch its own insurance based index in mid-2016. This would be the first index for diversified risk, showing loss ratios and focused on insurance performance. “The availability of detailed insight into …
  
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• How Big Data Is Changing Insurance Forever - Forbes

  16-12-2015 08:29 via
  Forbes
  How Big Data Is Changing Insurance Forever
  Forbes
  The insurance industry works on the principle of risk. Customers take out policies based on their assessment of a particularly bad thing happening to them, and insurers offer them cover based on their assessment of the cost of covering any claims. So ...and more »
  

• Ironshore Launches Professional Liability Coverage for Global Mining Sector

  16-12-2015 06:54
  
  Ironshore International has launched a professional liability product designed to provide protection for risk exposures within the mining sector worldwide. Ironshore’s dedicated product provides coverage to engineers and consultants engaged in all aspects of the mining process from exploration through …
  
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