Insurance news

• Cross Insurance Acquires Knapp Schenck & Company in Boston

  21-12-2015 23:40
  
  Cross Insurance, an independent insurance agency based in Bangor, Maine, with more than 35 offices in the Northeast, announced the purchase of Boston-based independent agency Knapp Schenck & Company. Terms of the transaction were not disclosed. Knapp Schenck & Company …
  
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• Vision insurance company loses lawsuit against state - KSNT (press release) (registration) (blog)

  21-12-2015 23:27
  KSNT (press release) (registration) (blog)
  Vision insurance company loses lawsuit against state
  KSNT (press release) (registration) (blog)
  A company that lost the state's vision insurance contract, sued Kansas but has lost their case, too. In this Sept. 27, 2015, file photo, Chelsea Clinton, co- · Bill and Hillary Clinton to become grandparents, again. Updated: 30 mins ago. There may be ...
  

• Cross Insurance acquires Boston firm - Press Herald

  21-12-2015 22:33
  Cross Insurance acquires Boston firm
  Press Herald
  Cross Insurance of Bangor has acquired Boston-based insurance agency Knapp Schenck & Co. for an undisclosed sum, the company said Monday. Cross, a subsidiary of Cross Financial Corp. and one of the largest independent insurance providers in New ...
  Cross Insurance Acquires Knapp Schenck & Company in BostonInsurance Journalall 2 news articles »
  

• Liberty Mutual unit to write property insurance in Spain - Business Insurance

  21-12-2015 21:48
  Liberty Mutual unit to write property insurance in Spain
  Business Insurance
  A division of Liberty Mutual Holding Co. Inc. has started to write property insurance business from Madrid. London-based Tokio Marine Kiln Group Ltd. confirmed Monday in a statement that it has appointed London-based Liberty Specialty Markets of ...and more »
  

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• Insiders' Tips for Buying Life Insurance - NerdWallet (blog)

  21-12-2015 21:39
  Insurance News Net
  Insiders' Tips for Buying Life Insurance
  NerdWallet (blog)
  Buying life insurance is hardly an everyday purchase — you may do it only once or twice in a lifetime. So you may not know all the ins and outs of this important part of protecting your finances. But you can benefit from the knowledge of folks who ...
  How to Get Your First 50 Insurance Leads Via the WebInsurance News Netall 5 news articles »
  

• Fargo state senator considers running for insurance commissioner - Bismarck Tribune

  21-12-2015 21:36
  Fargo state senator considers running for insurance commissioner
  Bismarck Tribune
  A first-term Republican state senator from Fargo says he's weighing a run for North Dakota Insurance Commissioner and will make his decision in early January. Sen. Jonathan Casper, R-Fargo, said Monday he's had other lawmakers and party officials urge ...
  

• Why Safer Cars Might Not Save You a Dime on Car Insurance - NerdWallet (blog)

  21-12-2015 21:07
  Why Safer Cars Might Not Save You a Dime on Car Insurance
  NerdWallet (blog)
  If you want to protect yourself and your passengers on the road, it makes sense to choose a car with stellar safety ratings. But a prestigious safety award doesn't necessarily translate into lower car insurance premiums. It might seem counterintuitive ...and more »
  

• N.J. Legislators Approve Bill Preventing Foreclosures for Sandy Victims

  21-12-2015 21:04
  
  A bill heading to New Jersey Gov. Chris Christie’s desk would prevent mortgage foreclosure for New Jersey homeowners whose houses were damaged by Superstorm Sandy. The bill, which passed the Legislature on Dec. 17, would prevent foreclosures for up to …
  
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• Southeast Alumnus John Huff Elected to Lead National US Insurance Standard ... - Southeast Missouri State University News

  21-12-2015 20:52
  Southeast Missouri State University News
  Southeast Alumnus John Huff Elected to Lead National US Insurance Standard ...
  Southeast Missouri State University News
  CAPE GIRARDEAU, Mo., Dec. 21, 2015 — For the first time in 60 years, a Missourian will be leading the country's national organization of bipartisan state insurance regulators. Southeast Missouri State University alumnus John Huff was elected president ...
  

• He knew he was sick, but he didn't have insurance - Washington Post

  21-12-2015 20:02
  Washington Post
  He knew he was sick, but he didn't have insurance
  Washington Post
  In about 2001, long before the Affordable Care Act was passed, I took care of a patient I'll never forget. All doctors have them. I was a year and a half out of my family medicine residency, practicing at a safety-net clinic in Philadelphia. It was my ...
  Enrollment Heats Up for New York State Health-Insurance ExchangeWall Street Journal
  Cloud, Automation, Outsourcing Top Health Insurers' IT Wish ListsInsurance Ne
  

• Lyft plans to raise up to $1 billion in new funds

  21-12-2015 19:45
  
  Analysts say move could boost valuation of rival ride-hailing company Uber.
  
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• China landslide may have started from construction-waste site

  21-12-2015 19:30
  
  A landslide in southern China may have been caused by a man-made pile of earth and construction debris, leading to new concerns about construction safety.
  
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• Maryland Commissioner to Meet With Local Farmers to Discuss P/C Insurance - Insurance Journal

  21-12-2015 19:12
  Maryland Commissioner to Meet With Local Farmers to Discuss P/C Insurance
  Insurance Journal
  Maryland Insurance Commissioner Al Redmer, Jr. and Secretary of Agriculture Joe Bartenfelder will hold a joint meeting to promote awareness of insurance products available to the state's agricultural community. The meeting will be held at Maryland ...
  

• Flood, Fraud & the Florida Market: McCarty Talks Hot Insurance Topics in 2015 - Insurance Journal

  21-12-2015 19:12
  PropertyCasualty360
  Flood, Fraud & the Florida Market: McCarty Talks Hot Insurance Topics in 2015
  Insurance Journal
  It was another busy year for the Florida Office of Insurance Regulation (OIR). From conducting the annual property/casualty data call and subsequent stress test of Florida property insurers, to working on the depopulation efforts of Citizens, to ...
  Florida lawmaker offers bill to end no-fault Auto insurancePropertyCasualty360
  Poll: Should Florida kill its no-fault car insuran
  

• Mother Sues Chipotle After Teenage Son Sickened at Boston Restaurant

  21-12-2015 19:08
  
  The mother of a 16-year-old suburban Boston boy who got sick after eating at a Chipotle Mexican Grill has filed a negligence lawsuit against the Denver-based restaurant chain. The Boston Globe reports the suit, filed Dec. 17 by Andrea Dow …
  
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• Insurance Firms Most at Risk From DOL Fiduciary - WealthManagement.com

  21-12-2015 19:06
  WealthManagement.com
  Insurance Firms Most at Risk From DOL Fiduciary
  WealthManagement.com
  Insurance broker/dealers have the most to lose from the Department of Labor's fiduciary rule because of their dependence on commissions, proprietary products and individual retirement accounts, according to a new report by Cerulli Associates.and more »
  

• Maryland Commissioner to Meet With Local Farmers to Discuss P/C Insurance

  21-12-2015 18:59
  
  Maryland Insurance Commissioner Al Redmer, Jr. and Secretary of Agriculture Joe Bartenfelder will hold a joint meeting to promote awareness of insurance products available to the state’s agricultural community. The meeting will be held at Maryland Natural Resources Conservation Service …
  
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• Flood, Fraud & the Florida Market: McCarty Talks Hot Insurance Topics in 2015

  21-12-2015 18:59
  
  It was another busy year for the Florida Office of Insurance Regulation (OIR). From conducting the annual property/casualty data call and subsequent stress test of Florida property insurers, to working on the depopulation efforts of Citizens, to calling out the …
  
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• Insurance Giant Allianz France Exploring Blockchain Potential - CoinDesk

  21-12-2015 18:51
  CoinDesk
  Insurance Giant Allianz France Exploring Blockchain Potential
  CoinDesk
  Earlier this month, blockchain startup Everledger joined the latest class of a startup accelerator owned by insurance and financial services company Allianz France. Everledger, which uses a blockchain as a distributed registry for diamonds, is set to ...
  

• French Insurance Giant Allianz Exploring Blockchain Potential - CoinDesk

  21-12-2015 18:51
  CoinDesk
  French Insurance Giant Allianz Exploring Blockchain Potential
  CoinDesk
  Earlier this month, blockchain startup Everledger joined the latest class of a startup accelerator owned by insurance and financial services company Allianz France. Everledger, which uses a blockchain as a distributed registry for diamonds, is set to ...
  

• Pennsylvania Court Issues Liquidation Order for Regis Insurance - Insurance Journal

  21-12-2015 18:27
  Pennsylvania Court Issues Liquidation Order for Regis Insurance
  Insurance Journal
  Regis Insurance Company, a Pennsylvania-domiciled insurance company, was recently issued an order of liquidation by the Commonwealth Court of Pennsylvania. Regis, a writer of small commercial business based in Paoli, Pennsylvania, was licensed in ...
  

• Pennsylvania Court Issues Liquidation Order for Regis Insurance

  21-12-2015 18:27
  
  Regis Insurance Company, a Pennsylvania-domiciled insurance company, was recently issued an order of liquidation by the Commonwealth Court of Pennsylvania. Regis, a writer of small commercial business based in Paoli, Pennsylvania, was licensed in and domesticated in Pennsylvania in 1979. …
  
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• Obama Administration Urges Supreme Court to Reject Marijuana Lawsuit

  21-12-2015 18:11
  
  Despite its opposition to making marijuana use legal, the Obama administration is urging the Supreme Court to reject a lawsuit from Nebraska and Oklahoma that seeks to declare Colorado’s pot legalization unconstitutional. The Justice Department’s top courtroom lawyer said in …
  
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• Insurance Death Master Settlement Nets North Dakota More Than $138K

  21-12-2015 18:03
  
  North Dakota Insurance Commissioner Adam Hamm says the state will receive more than $138,000 in settlement agreements over use of the Social Security Administration’s Death Master File, or DMF. Hamm says life insurers have used the DMF for many years …
  
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• New Flood Maps May Aid Big Development in Louisiana Parish

  21-12-2015 18:00
  
  Revised flood maps could aid a developer’s proposal to build on one of Jefferson Parish’s last large undeveloped tracts. Lafayette-based Southern Lifestyle Development says it’s in talks to buy 2,000 acres in Avondale, near the TPC of Louisiana golf course …
  
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• Insurance Executive Sees Problems, Opportunities in LA's Earthquake Law - Insurance Journal

  21-12-2015 18:00
  Insurance Journal
  Insurance Executive Sees Problems, Opportunities in LA's Earthquake Law
  Insurance Journal
  It's a big question in front of landlords of thousands of Los Angeles properties early next year. When the Los Angeles City Council unanimously voted in October for new earthquake retrofit regulations it put in play a mandate to retrofit an estimated ...
  

• Arthur J. Gallagher Acquires Brown Hobbs & Mcmurray in Illinois

  21-12-2015 17:57
  
  Arthur J. Gallagher & Co. has acquired Brown Hobbs & McMurray Insurance in Urbana, Ill. Terms of the deal were not disclosed. Thomas Brown, Paul Hobbs, William Hobbs, Dick and Rich McMurray, and their associates will continue to operate in Urbana under the direction of Michael Pesch, head of Gallagher’s …
  
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• Landslide Hits Central Oregon Coast Home and Kills Woman

  21-12-2015 17:49
  
  A 70-year-old woman died and her husband suffered injuries when a landslide struck their vacation home on the central Oregon coast. Officials say Dolores Miller died when the landslide struck the home near Florence at about 3:20 a.m. Friday. Siuslaw …
  
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• U.S. Spending Bill to End Oil Export Ban

  21-12-2015 17:48
  
  Congress passed a $1.1 trillion spending measure that averts a U.S. government shutdown and ends a 40- year-old ban on crude oil exports, a plan that ensures fiscal peace in Congress through most of 2016. The Senate passed the bill …
  
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• N.Y. Court: Doc May Owe 3rd Party for Not Warning Patient About Driving on Meds

  21-12-2015 17:48
  
  New York’s highest court has reinstated a medical malpractice suit against a Long Island hospital and the doctor and physician’s assistant who gave painkillers to a woman who subsequently crashed her car. The suit was filed by the driver of …
  
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• Oregon Wife Files $7.9M Suit After Husband Crushed by Dump Truck

  21-12-2015 17:45
  
  A Medford, Ore. woman has filed a lawsuit against two construction companies after he husband was crushed to death by a dump truck in a construction area on Interstate 5 near Cottage Grove. The Mail Tribune reported that Karee Battenfield …
  
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• At Least $243M for Cleanup From 2 Massive California Fires

  21-12-2015 17:43
  
  Cleaning up from two destructive Northern California wildfires this fall will cost at least $243 million, far exceeding the cost for other recent blazes, state officials estimated as they transferred more money from the state’s rainy day fund to help …
  
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• Kroll Bond Rating Agency Releases 2016 U.S. Property/Casualty Insurance Sector ... - Business Wire (press release)

  21-12-2015 17:31
  Kroll Bond Rating Agency Releases 2016 U.S. Property/Casualty Insurance Sector ...
  Business Wire (press release)
  NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) today released its inaugural outlook report on the U.S. property/casualty (P/C) insurance sector. For the third consecutive year following Superstorm Sandy, KBRA has observed favorable ...and more »
  

• Ohio passes insurance guidelines for Uber, Lyft - WDTN

  21-12-2015 17:29
  WDTN
  Ohio passes insurance guidelines for Uber, Lyft
  WDTN
  COLUMBUS, Ohio (WDTN) – The Ohio Statehouse has passed legislation that will increase insurance coverage for Uber and Lyft drivers in case of accidents, and establish a single process for drivers to be approved in Ohio. The bill was sponsored by ...
  

• North Collins to sue insurance carrier - Springvillejournal

  21-12-2015 16:45
  North Collins to sue insurance carrier
  Springvillejournal
  NORTH COLLINS—The town of North Collins has decided to pursue legal action against its insurance carrier, New York Municipal Insurance Reciprocal, for its refusal to pay costs associated with litigation. Specifically, the town will attempt to recover ...
  

• Prudential Group Insurance names COO - NJBIZ

  21-12-2015 16:38
  Prudential Group Insurance names COO
  NJBIZ
  Prudential Group Insurance, a business of Prudential Financial Inc., announced Monday that it has appointed David Zona its new chief operations officer. In this role, Zona will lead underwriting, claims and service delivery functions at the Newark ...
  Prudential Group Insurance Names David Zona Chief Operations OfficerBusiness Wire (press release)all 9 news articles »
  

• A Look at the Highest Paid U.S. Corporate Director Posts

  21-12-2015 16:33
  
  Outsize pay for chief executive officers has been a bone of contention among shareholder activists for years. What’s less known is that the directors on board-compensation committees — the very people who decide to give out those large CEO salaries, …
  
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• Florida lawmaker offers bill to end no-fault Auto insurance

  21-12-2015 16:20
  
  Florida drivers pay the nation’s fourth-highest car insurance premiums, and the state is one of a handful with a no-fault system.
  
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• Wells Fargo (WFC) Vends Crop Insurance Unit to ZAIC - Zacks.com

  21-12-2015 16:00
  Minneapolis Star Tribune
  Wells Fargo (WFC) Vends Crop Insurance Unit to ZAIC
  Zacks.com
  Amid increasing regulatory restrictions on banks, revaluating certain underwriting insurance policies, the U.S. banking and financial services firm – Wells Fargo & Company (WFC - Analyst Report) vended its crop insurance business. Rural Community ...
  Wells Fargo Renews Hunt for Insurance Brokerages to BuyInsurance Journal
  Zurich Insurance to Pay Up to $1.05 Billion for Crop InsurerNew York Time
  

• Poll: Should Florida kill its no-fault car insurance system? - Palm Beach Post (blog)

  21-12-2015 15:10
  Palm Beach Post (blog)
  Poll: Should Florida kill its no-fault car insurance system?
  Palm Beach Post (blog)
  Florida is one of a handful of states requiring drivers to purchase Personal Injury Protection (PIP) medical coverage for possible car crashes, and maintain that in addition to already-existing health insurance coverage. State Sen. Jeff Brandes, R-St ...
  Florida lawmaker offers bill to end no-fault Auto insurancePropertyCasualty360all 2 news articles »
  

• Do You Need Ski Insurance? - TheStreet.com

  21-12-2015 15:06
  TheStreet.com
  Do You Need Ski Insurance?
  TheStreet.com
  Let's say you are on a resort's ski mountain in Vermont and break your leg. Do you need ski insurance? Let's say you are on a mountain in the French Alps and break your leg. Do you need ski insurance? Exact same question, two different continents, and ...
  

• Africa: $150 million for climate-related disaster risk insurance - Devex

  21-12-2015 14:06
  Devex
  Africa: $150 million for climate-related disaster risk insurance
  Devex
  A village meeting for farmers who took out livestock insurance to receive their first payout after a prolonged drought in northern Kenya. Could insurance be a tool to bridge the humanitarian financing gap? Photo by: Neil Palmer / CIAT / CC BY-SA ...
  

• Javier "Chicharito" Hernandez is Bayer Leverkusen life insurance, says CEO - ESPN FC

  21-12-2015 13:48
  ESPN FC
  Javier "Chicharito" Hernandez is Bayer Leverkusen life insurance, says CEO
  ESPN FC
  A late strike from Chicharito would be the winner for Bayer Leverkusen in their 1-0 victory against FC Ingolstadt 04. Check out this week's top goals from the German Bundesliga. The ESPN FC crew agree that Javier Hernandez couldn't replicate his form ...and more »
  

• Insurance Keeps Contracting Businesses Healthy - ACHR NEWS

  21-12-2015 13:39
  ACHR NEWS
  Insurance Keeps Contracting Businesses Healthy
  ACHR NEWS
  DESIRED COVERAGE: There are many types of business insurance available to HVAC contracting companies, including workers' compensation, liability, automobile, property, and more. Ken Misiewicz, CEO of Pleune Service Co. in Grand Rapids, Michigan, ...
  

• Self-Evaluation: It's a Privilege

  21-12-2015 13:30
  
  States are providing protection from lawsuits to insurers that audit themselves and correct any compliance errors voluntarily.
  
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• Cyberbullying insurance coverage offered - Columbus Dispatch

  21-12-2015 13:11
  Cyberbullying insurance coverage offered
  Columbus Dispatch
  The E-Edition includes all of the news, comics, classifieds and advertisements of the newspaper. And it's available to subscribers before 6 a.m. every day. Subscribe. All current subscribers have full access to Digital D, which includes the E-Edition ...and more »
  

• Highlights from the 2015 Claims Professional Salary Survey

  21-12-2015 13:00
  
  The hours are long and the benefits are good for most. But there's fear the industry will lose knowledge with the looming retirement of baby boomers.
  
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• Anti-bailout insurance legislation passes House and Senate - Insurance Business America

  21-12-2015 12:39
  Insurance Business America
  Anti-bailout insurance legislation passes House and Senate
  Insurance Business America
  Legislation that purports to shield policyholders from the effects of another financial meltdown passed Congress today as part of the Omnibus spending bill. The Policyholder Protection Act, introduced by Republican Bill Posey and Democrat Brad Sherman, ...
  

• Hot Gift May Not Be Covered By Insurance - CBS Local

  21-12-2015 12:26
  CBS Local
  Hot Gift May Not Be Covered By Insurance
  CBS Local
  ST. LOUIS (KMOX) – Drones. One of the hot gifts this season, but they could land you in trouble with insurance. Don't assume your homeowners policy fully covers that toy drone. “There's going to be a lot of them under Christmas trees, so we want to ...
  

• The Hot Gift May Not be Covered By Insurance - CBS Local

  21-12-2015 12:20
  CBS Local
  The Hot Gift May Not be Covered By Insurance
  CBS Local
  SYOSSET, NY - AUGUST 27: A drone is flown for recreational purposes in the sky above Syosset, New York on August 30, 2015. (Photo by Bruce Bennett/Getty Images). St. Louis, MO (KMOX) – Drones. One of the hot gifts this season, but they could land you ...
  

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