Insurance news

• Consumers' Choice patients caught up in hospital, insurance company negotiations - Charleston Post Courier

  29-12-2015 23:41 via
  Charleston Post Courier
  Consumers' Choice patients caught up in hospital, insurance company negotiations
  Charleston Post Courier
  The Medical University of South Carolina and BlueCross BlueShield of South Carolina have been negotiating a deal that would allow patients formerly covered by Consumers' Choice Health Plan to continue receiving services at MUSC next year. File/Grace ...and more »
  

• Survey: Provider Excess insurance market stalled in 2015 - PropertyCasualty360

  29-12-2015 23:39 via
  PropertyCasualty360
  Survey: Provider Excess insurance market stalled in 2015
  PropertyCasualty360
  Premium volume for Provider Excess coverage is dropping as population health risk is growing rapidly. (Photo: Shutterstock). A recent survey from Integro Re, a division of Integro USA Inc., revealed that the growth in the Provider Excess insurance ...
  

• Survey: Provider Excess insurance market stalled in 2015

  29-12-2015 23:30
  
  The estimated total premium for 2015 is $167 million, which is a 3% drop from $172 million in 2014.
  
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• Birmingham tornado recovery hampered by rain, insurance problems - WVTM13

  29-12-2015 23:28 via
  WVTM13
  Birmingham tornado recovery hampered by rain, insurance problems
  WVTM13
  LISA, THERE IS PROGRESS ON SEVERAL FRONTS BUT RECOVERY FROM THE CHRISTMA TORNADO HAS BEEN HAMPERED BY TOO MUCH ADDITIONAL RAIN AND TOO LITTLE INSURANCE. PKG SOME OF OUR PEOPLE DON T HAVE THAT ARE ...and more »
  

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• Microinsurance Is The Answer To The Insurance Industry - TechCrunch

  29-12-2015 23:01 via
  TechCrunch
  Microinsurance Is The Answer To The Insurance Industry
  TechCrunch
  You'd think after three hundred years and a market size of $1 trillion in the United States alone, insurance companies like MetLife and AIG would have nailed it. But they haven't. Instead, they've left millions of Americans paying toward deductibles ...and more »
  

• What Small Business Owners Need to Know About Health Insurance Reimbursement - Clarifying Health (blog)

  29-12-2015 22:41 via
  Clarifying Health (blog)
  What Small Business Owners Need to Know About Health Insurance Reimbursement
  Clarifying Health (blog)
  From TV news stories to Internet articles and simple word of mouth, What Small Business Owners Need to Know About Health Insurance Reimbursement misconceptions and falsehoods muddy the waters of small business health insurance plans on a regular ...
  

• NFP Acquires Absolute Advantage in Arizona

  29-12-2015 22:40
  
  NFP Property & Casualty has acquired Lake Havasu City, Ariz.-based Absolute Advantage Insurance Services LLC. The deal transaction closed on Dec. 4. Absolute will operate from the existing NFP office in Lake Havasu City, and Brian Castle will assume the …
  
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• Tornado damage? Don't cash that insurance check quickly - Dallas Business Journal (blog)

  29-12-2015 22:17 via
  Dallas Business Journal (blog)
  Tornado damage? Don't cash that insurance check quickly
  Dallas Business Journal (blog)
  As businesses and homeowners struggle to assess the damage and rebuild after Saturday's tornadoes, many in damaged areas will be approached by their insurance company representative with a check to cover their losses. As tempting as it may be, don't ...
  

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• Insurance firm Teachers Protective inks coinsurance agreement for long-term ... - LancasterOnline

  29-12-2015 22:02 via
  LancasterOnline
  Insurance firm Teachers Protective inks coinsurance agreement for long-term ...
  LancasterOnline
  A 50-plus room hotel is planned for the the Teachers Protective Mutual Life building at 116-122 N. Prince St. prev. next. A small Lancaster-based mutual insurance company has begun the process of transferring its long-term care policies to a larger ...
  Senior Health Insurance of Pennsylvania Enters Into Reinsurance Transaction ...PR Newswire (press release)all 4 news articles&nbs
  

• California Earthquake Authority’s 2016 Changes Aim to Increase Policy Count

  29-12-2015 22:00
  
  It’s about the closest thing to DIY earthquake insurance as one can get, though there’s definitely no indication that the newest consumer-friendly features being rolled out by the California Earthquake Authority will enable people to do without their agents. CEA …
  
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• Cargill to Sell Crop-Insurance Unit to Silveus - Wall Street Journal

  29-12-2015 21:38 via
  Wall Street Journal
  Cargill to Sell Crop-Insurance Unit to Silveus
  Wall Street Journal
  Cargill Inc. struck a deal to sell its crop-insurance business to Silveus Insurance Group, the agricultural conglomerate's latest step to realign its portfolio and exit some financial functions. With the deal, Cargill's agricultural retail division ...
  Cargill selling crop insurance agency to Silveus Insurance GroupMinneapolis Star Tribune
  Cargill to sell crop insurance unit to Silveus Insurance GroupReutersa
  

• NHTSA recalls more vehicles for faulty Takata air bags

  29-12-2015 21:15
  
  List adds vehicles from Honda, Mazda and Subaru.
  
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• The importance of getting renters insurance - UpperMichigansSource.com

  29-12-2015 20:13 via
  UpperMichigansSource.com
  The importance of getting renters insurance
  UpperMichigansSource.com
  A lot of people don't care about the types of insurance they have until they need it. Renters insurance is one of those and is needed more often than you think. A lot of renters think just because they're renting property from a landlord, the owner is ...
  

• ACE Appoints Two Senior Leaders in European Management Team

  29-12-2015 20:00
  
  ACE Group announced two appointments within its European management team, with immediate effect. Drazen Jaksic, currently executive vice president for Combined Insurance in Europe and Asia Pacific, has been appointed to the role of senior vice president, Accident and Health …
  
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• Bribery Probe Into N.J. Lab Nets $12M, More Than 2 Dozen Doctors

  29-12-2015 18:59
  
  An ongoing federal investigation of a New Jersey medical laboratory has netted guilty pleas from more than two dozen doctors, the latest from a physician who admitted taking cash bribes from lab employees. Bret Ostrager, 50, a Woodbury, New York, …
  
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• Southeast Continues to Get Hammered by Strong Storms, Tornadoes

  29-12-2015 18:58
  
  Forecasters at the National Weather Service in Mobile, Ala., say a tornado was reported in Molino in northwest Florida on Monday. The line of strong thunderstorms also moved into storm-battered Alabama on Monday, bringing the threat of tornadoes, stiff winds …
  
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• Conn. State Police Responded to 460 Accidents Over Christmas Weekend

  29-12-2015 18:48
  
  Connecticut State Police responded to more than 460 accidents and busted 40 people for driving under the influence over the Christmas holiday weekend. Troopers say the number of accidents from Wednesday morning through Sunday night was up significantly from the …
  
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• Top 20 P/C Insurance Lists of 2015

  29-12-2015 18:47
  
  During the course of 2015, Insurance Journal published numerous property/casualty insurance lists and rankings. The following were the most popular. Top P/C Insurance Lists and Rankings of of 2015 Top 100 Independent Agencies 101 Sales, Marketing & Management Ideas How …
  
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• Forecasters Warn of Big Snowfall in Southeast South Dakota

  29-12-2015 18:46
  
  A major winter storm impacting the central U.S. is not expected to cause major problems in the Dakotas, but it’s likely to add to what already has been a busy year for snow removal in South Dakota’s largest city. Sioux …
  
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• Oklahoma Restaurant Faces Suit over Wage, Child Labor Violations

  29-12-2015 18:43
  
  The U.S. Labor Department has accused a Wichita Mountains roadside restaurant of violating wage and child labor laws. A U.S. District Court complaint filed in Oklahoma City says Meers Store & Restaurant owes more than $181,000 to workers for unpaid …
  
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• U.K. insurers may face $2.2 billion in storm claims, KPMG says

  29-12-2015 18:42
  
  Storm Eva and Storm Desmond have damaged homes and disrupted business activities across northern England, Wales, Scotland and Ireland.
  
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• Lighthouse Insurance Agency Joins St. Louis-Based Insurance Alliance - Insurance Journal

  29-12-2015 18:41 via
  Lighthouse Insurance Agency Joins St. Louis-Based Insurance Alliance
  Insurance Journal
  Valley Insurance Agency Alliance (VIAA), a network of nearly 100 independent insurance agencies in Missouri and Southern Illinois, recently added Lighthouse Insurance Agency as its newest alliance member. Founded in 1987 by owner Steve Lacine, ...
  

• Lighthouse Insurance Agency Joins St. Louis-Based Insurance Alliance

  29-12-2015 18:41
  
  Valley Insurance Agency Alliance (VIAA), a network of nearly 100 independent insurance agencies in Missouri and Southern Illinois, recently added Lighthouse Insurance Agency as its newest alliance member. Founded in 1987 by owner Steve Lacine, Lighthouse Insurance Agency specializes in …
  
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• Retired State Auto Chairman, President and CEO, Robert H. Moone, Passes

  29-12-2015 18:38
  
  State Auto Financial Corp. announced its former Chairman, President and CEO Robert H. (Bob) Moone died on Friday, Dec. 25, 2015. He was 72 years old. “I was blessed to have gotten to know Bob in recent months,” said State Auto …
  
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• Wisconsin Bill Would Allow Children to Drive More Powerful ATVs

  29-12-2015 18:36
  
  Wisconsin Republicans are pushing a bill that would allow children under 12 to drive more powerful all-terrain vehicles on state trails. Right now, children under 12 can drive an ATV or a utility terrain vehicle on private property under adult …
  
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• Texas’ ‘King of Torts,’ Joe Jamail, Dies at 90

  29-12-2015 18:31
  
  Joe Jamail, the Texas billionaire who became the richest practicing attorney in the U.S. after winning jury verdicts in civil lawsuits that included a $10.5 billion award for Pennzoil Co. in its landmark case against Texaco Inc. during the 1980s, …
  
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• Texas Tornadoes, Midwest Flooding Leave at Least 24 Dead

  29-12-2015 18:25
  
  At least 11 people died and dozens were injured in strong tornadoes that swept through the Dallas area and caused substantial damage this weekend, while 13 people died in flooding in the Midwest. It was the latest of a succession …
  
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• Willis climbs after broker named to replace Fossil in S&P 500

  29-12-2015 18:22
  
  Willis Group Holdings Plc advanced in New York trading after it was named to join the Standard & Poor’s 500 Index.
  
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• AIR Worldwide: At Least 9 Tornadoes in North Texas; Extent of Damage Not Yet Known

  29-12-2015 18:21
  
  Catastrophe modeling firm AIR Worldwide reported that the huge storm system that impacted the United States from New Mexico to Michigan and Georgia over the Christmas holiday weekend delivered at least nine tornadoes in North Texas. In addition to tornadoes, …
  
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• Oswego Valley Insurance Acquires Banach Insurance in New York - Insurance Journal

  29-12-2015 18:19 via
  Oswego Valley Insurance Acquires Banach Insurance in New York
  Insurance Journal
  Oswego Valley Insurance Agencies LLC (OVIA), an independent agency based in Oswego, New York, with five additional offices in the Central New York region, announced that it has acquired Banach Insurance Agency in Pulaski, New York, effective Jan.
  

• Oswego Valley Insurance Acquires Banach Insurance in New York

  29-12-2015 18:19
  
  Oswego Valley Insurance Agencies LLC (OVIA), an independent agency based in Oswego, New York, with five additional offices in the Central New York region, announced that it has acquired Banach Insurance Agency in Pulaski, New York, effective Jan. 1, 2016. …
  
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• Hub New England Hires Minichiello as Employee Benefits President

  29-12-2015 18:03
  
  Hub International New England LLC, a division of Hub International Limited, has hired Mim Minichiello as president of the New England Employee Benefits Practice. Minichiello will focus on providing leadership and implementing employee benefit initiatives across the New England region, …
  
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• Oregon Woman Stuck by Car Files Suit over Designer Clothes

  29-12-2015 17:39
  
  A Portland, Ore. woman struck by a drunken driver in a crosswalk has filed a lawsuit seeking $4,600 for the designer clothes she was wearing at the time, on top of the cost of her medical bills. The Oregonian reported …
  
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• California Wildfire Contained, Now Comes Worries About Landslides

  29-12-2015 17:34
  
  As firefighters mopped up the remains of a wildfire on the Southern California coast, authorities turned their focus to a new concern: a landslide if rain pounds the charred hills. In a heavy rain, the denuded soil could threaten nearby …
  
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• Alabama has a problem with drivers who don't have insurance - whnt.com

  29-12-2015 17:34 via
  whnt.com
  Alabama has a problem with drivers who don't have insurance
  whnt.com
  The law is clear in Alabama: Drivers must have liability insurance to operate, register or maintain a motor vehicle. “Most people think that mandatory insurance is the law, so everybody is in compliance. But that's not true,” said Marshall England, an ...
  

• Wall Street May Create UK-Like Registry of Misbehaving Bankers, Traders

  29-12-2015 17:30
  
  Bankers’ misdeeds would be cataloged, by name, on a private registry for hiring managers under a proposal that’s gaining traction as Wall Street firms struggle to restore reputations damaged by the financial crisis and the Libor and foreign-exchange scandals. When …
  
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• Expert: How Payroll Misclassification Impacts California Workers’ Comp

  29-12-2015 17:30
  
  Premium misclassification or payroll misclassification is a significant issue for the workers’ compensation industry, according to Bret Shroyer, a solutions architect for Denver, Colo.-based Valen Analytics. Shroyer estimates that roughly $22 billion of payroll is misclassified each year, and the …
  
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• Heffernan Executive Named Chair of California Trucking Association Chapter

  29-12-2015 17:10
  
  Owen Oakley, vice president at Heffernan Insurance Brokers, has been named chairman for the San Francisco chapter of the California Trucking Association. Owen previously served as a Steering & Planning Committee representative for the association. His new duties include overseeing membership growth …
  
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• Families of Newtown victims to split $1.5M from Homeowners policy

  29-12-2015 15:45
  
  Settlements against mother of gunman's estate have been finalized.
  
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• Aussie wildfire insurance losses hit $38M, set to climb

  29-12-2015 15:15
  
  Bushfires on Christmas Day forced residents and holidaymakers to flee and destroyed 116 residences.
  
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• Dollar General Claim Challenges Tribal Sovereignty Before Supreme Court

  29-12-2015 15:12
  
  The idea that American Indian tribes are sovereign has a checkered history, in which it’s been both a sword for taking away Indians’ land and a shield for protecting some vestige of self-determination. Tribal sovereignty was before the U.S. Supreme …
  
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• Big ‘I’ Names Hanley as Director of Agency E&O Program

  29-12-2015 14:49
  
  The Independent Insurance Agents and Brokers of America (Big “I”) has named James Hanley as the new director of its agency errors and omissions insurance program. Hanley will lead the insurance and risk management program that is offered to member …
  
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• Technology and insurance predictions for 2016 - PropertyCasualty360

  29-12-2015 14:38 via
  PropertyCasualty360
  Technology and insurance predictions for 2016
  PropertyCasualty360
  In recent years, we've seen major shifts and trends that point to where the insurance industry is headed long-term. Widespread adoption of mobile technologies is streamlining communication like never before, and unlike past years, the majority of ...and more »
  

• Technology and insurance predictions for 2016

  29-12-2015 14:30
  
  Mobile technologies, telematics and peer-to-peer insurance will take the industry in an exciting direction.
  
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• Ironshore Names DeSantis of Farmers as CEO of Wright & Co.

  29-12-2015 14:30
  
  Ironshore has named Anthony J. DeSantis as chief  executive officer of Wright & Co, a wholly -owned program administrator subsidiary. He will be responsible for leading Wright & Co.’s existing direct to consumer platform, as well as building upon the …
  
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• Consumer Reports: Cutting teen car insurance costs - WLS-TV

  29-12-2015 14:20 via
  WLS-TV
  Consumer Reports: Cutting teen car insurance costs
  WLS-TV
  Getting a driver's license is a big milestone for teenagers. But along with that landmark is the worry of rocketing insurance premiums. Embed. <iframe width="476" height="270" src="http://abc7chicago.com/video/embed/?pid=1130627" frameborder="0" ...
  

• IRS Extends Employers’ Reporting Deadlines Under Obamacare

  29-12-2015 14:07
  
  The U.S. Treasury and Internal Revenue Service said they are extending some Affordable Care Act reporting deadlines to help companies meet the requirements. Employers will have two more months past Feb. 1 to give individuals forms for reporting on offers …
  
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• 4 risks that keep the wealthy up at night

  29-12-2015 14:00
  
  Insurance agents specializing in serving wealthy clientele share a few risks that are particularly worrisome for their high-net-worth clients.
  
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• Update: U.K. Insurers Face Flood Claims up to $2.2B – with More Storms Ahead

  29-12-2015 13:42
  
  Insurers are facing some of the costliest British floods on record as large parts of northern England, already inundated, brace for more heavy rain. Accountants estimate that insurers are currently facing a bill of up to 1.5 billion pounds ($2.22 …
  
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• U.K. Insurers Could Face Storms Claims Totaling $2.2 Billion: KPMG

  29-12-2015 13:42
  
  U.K. insurers may face claims totaling as much as 1.5 billion pounds ($2.2 billion) from businesses and homeowners for damage caused by two storms this month, according to consultant KPMG LLP. Heavy rain and flooding is estimated to have caused …
  
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