Insurance news

• Insured Loss Estimate from Texas Tornadoes Pegged at $1.2B, So Far

  30-12-2015 22:29
  
  Texas is dealing with approximately $1.2 billion in insured losses so far from nine confirmed tornadoes that struck the metro-Dallas area on Dec. 26 and killed 11 people, according to preliminary estimates from the Insurance Council of Texas. The group based …
  
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• Insured Loss Estimate from Texas Tornadoes at $1.2B, So Far

  30-12-2015 22:29
  
  Texas is dealing with approximately $1.2 billion in insured losses so far from nine confirmed tornadoes that struck the metro-Dallas area on Dec. 26 and killed 11 people, according to preliminary estimates from the Insurance Council of Texas. The group based …
  
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• Insured Loss Estimate from Dallas Tornadoes Pegged at $1.2B, So Far

  30-12-2015 22:29
  
  Texas is dealing with approximately $1.2 billion in insured losses so far from nine confirmed tornadoes that struck the metro-Dallas area on Dec. 26 and killed 11 people, according to preliminary estimates from the Insurance Council of Texas. The group based …
  
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• Around the P&C insurance industry: Dec. 30, 2015

  30-12-2015 22:15
  
  News from Ewbank Insurance, Arthur J. Gallagher and more.
  
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• Floodwaters threaten 17 million residents

  30-12-2015 21:15
  
  Officials monitor 19 levees as waters reach record levels.
  
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• Judge OKs 2 Shareholder Class Actions Against Facebook Over IPO

  30-12-2015 20:30
  
  A federal judge has certified two shareholder class actions accusing Facebook Inc. of hiding concerns about its growth forecasts prior to the social media company’s May 2012 initial public offering. U.S. District Judge Robert Sweet in Manhattan said retail and …
  
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• Sidecar squeezed out by Uber and Lyft, will shut down on Dec. 31

  30-12-2015 19:55
  
  Sidecar Technologies Inc., the third-biggest U.S. car-hailing service, said it will end its ride and delivery operations as the company is squeezed out by better-known competitors.
  
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• NFP Acquires Vanorsdale Insurance Services in California

  30-12-2015 19:42
  
  NFP Property & Casualty has acquired San Diego, Calif.-based Vanorsdale Insurance Services Inc. Terms of the deal were not disclosed. The firm’s president, Doug Galloway, will assume the role of director of NFP and will report to Paul Saich, California …
  
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• High number of commercial insurance claims expected from UK storms - Business Insurance

  30-12-2015 19:04 via
  Business Insurance
  High number of commercial insurance claims expected from UK storms
  Business Insurance
  Photo by REUTERS People wade through a flooded street in Dumfries, Scotland on Wednesday. Torrential rain and gale force winds battered northern Britain, cutting power to thousands of homes and forcing some to evacuate flooded streets in the third ...
  PwC says insurance payouts from UK storms may reach $1.8 billionReutersall 10 news articles »
  

• Massachusetts Officials Urge Drone Owners to Be Safe Over Holidays

  30-12-2015 18:59
  
  State officials in Massachusetts are urging drone owners to fly responsibly this holiday season. The state Department of Transportation released suggested guidelines for operating the small, unmanned aircrafts this week. They say drones should not be flown over populated areas, …
  
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• Norman-Spencer Agency Adds Organisciak, Promotes Norman

  30-12-2015 18:52
  
  The Norman-Spencer Agency Inc., a national insurance provider and program administrator based in Dayton, Ohio, has added Jodie Organisciak as concrete senior underwriter and promoted Jason Norman to recreational marine senior underwriter. Organisciak has more than 10 years in the …
  
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• Mass. Consumer Comments Highlight Concerns Over Home Insurance Rates

  30-12-2015 18:52
  
  The Massachusetts Division of Insurance recently published on its website written public comments that the Division has received in conjunction with its informational hearings on the state of the Massachusetts home insurance marketplace. The consumer comments illustrate how some Massachusetts …
  
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• Florida Lawmakers to Industry: We Want YOU to Join State Flood Insurance Market

  30-12-2015 18:49
  
  “We think the time is right for you all to explore the [Florida] flood insurance market.” That was the message Florida Senator Jeff Brandes gave insurance industry attendees at the first ever Florida Flood Insurance Conference on Dec. 9 in …
  
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• State of Emergency Declared in Missouri; National Guard Activated

  30-12-2015 18:48
  
  In response to historic flooding in some areas of the state, Gov. Jay Nixon activated the Missouri National Guard to protect local communities and support emergency response personnel. The Guard’s responsibilities will include providing security in evacuated areas and directing …
  
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• New type of crop insurance not a hit in North Dakota, yet - Washington Times

  30-12-2015 18:45 via
  New type of crop insurance not a hit in North Dakota, yet
  Washington Times
  BISMARCK, N.D. (AP) - Officials think education could increase interest in a new type of crop insurance that also might give farmers who diversify a boost. Whole farm crop insurance became available in North Dakota this past growing season. No policies ...and more »
  

• The floods of 5 rivers heading for the U.S. industrial South

  30-12-2015 18:43
  
  Brace yourself, U.S. South. The Mississippi River is coming, and so are the Arkansas, the Red, the Ohio and the Missouri.
  
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• Council to make fix in insurance ordinance - Chicago Tribune

  30-12-2015 18:41 via
  Council to make fix in insurance ordinance
  Chicago Tribune
  When the Gary Common Council meets for the first time in 2016, one of its first items of business will be to fix errors in an ordinance it passed in May related to the Municipality Set-Aside program. The ordinance in question was passed by the Common ...
  

• Aspen Bermuda Limited Applies for Reinsurer Status in North Dakota

  30-12-2015 18:30
  
  The North Dakota Insurance Department announced that Aspen Bermuda Limited has applied for certified reinsurer status in North Dakota. All interested parties are invited to submit written comments in connection with this application to: Edward Moody, CFE, CPA Director of Insurance …
  
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• State of Emergency Extended in Oklahoma

  30-12-2015 18:28
  
  Gov. Mary Fallin is extending a state of emergency to all 77 Oklahoma counties after another winter storm brought ice to western and central parts of the state and heavy flooding in the east and northeast. Fallin issued an executive …
  
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• Maine Police Stumped by Rise in Pedestrian Deaths in 2015

  30-12-2015 18:27
  
  Maine law enforcement officials are perplexed by a troubling year-end statistic: 2015 has been the worst year for pedestrian deaths in nearly two decades. Numbers compiled by the Maine Department of Transportation and Maine Bureau of Public Safety indicate 18 …
  
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• FEMA Continues to Examine Thousands of Sandy Claims Review Cases

  30-12-2015 18:25
  
  The Federal Emergency Management Agency (FEMA) still has thousands of Superstorm Sandy claims review cases that are waiting to be examined, latest figures show. FEMA said that as of Dec. 11, the agency has closed 2,694 Sandy flood insurance claims …
  
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• Buildings Damaged by Storms in Louisiana; No Injuries Reported

  30-12-2015 18:24
  
  A storm system damaged buildings and cut power across Louisiana on Sunday night and Monday morning, but no injuries were reported. Strong winds blew trees onto at least eight mobile homes in Blanchard, northwest of Shreveport. A business and several homes had …
  
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• Officials: ‘Affluenza’ Teen, Mother Fled to Mexico, now Detained

  30-12-2015 18:21
  
  A Texas sheriff said an arrest warrant will be issued for a Texas woman who was found with her son in Mexico, a teenager on probation after killing four people in a drunken-driving wreck and invoking an “affluenza” defense Tarrant …
  
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• Robert C. Quirk of San Antonio-Based Quirk & Co. Passes

  30-12-2015 18:18
  
  San Antonio, Texas-based wholesale insurance broker, Quirk & Company, announced the passing of its president and CEO for the past 41 years, Robert (Bob) C. Quirk. Born in 1946, Quirk graduated from the University of Texas at Austin in 1967 …
  
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• Entrepreneur's Spotlight: Understanding Health Club and Fitness Studio ... - The National Law Review

  30-12-2015 18:09 via
  Entrepreneur's Spotlight: Understanding Health Club and Fitness Studio ...
  The National Law Review
  In this series, we look at successful startups and ventures in the health and fitness industry and interview the hard-working entrepreneurs behind these companies to discuss how they did it and what they learned along the way. I think it is fair to say ...
  

• Floods of Five Rivers Head from Midwest to U.S. Industrial South

  30-12-2015 18:06
  
  Brace yourself, U.S. South. The Mississippi River is coming, and so are the Arkansas, the Red, the Ohio and the Missouri. The water on the Mississippi River is already so high that Missouri has closed interstate highways. Governor Jay Nixon …
  
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• Tokio Marine Kiln Appoints Dreblow as Head of Corporate & Commercial Property

  30-12-2015 17:41
  
  Tokio Marine Kiln (TMK), the provider of specialist and corporate insurance, has appointed Paul Dreblow as head of Corporate and Commercial Property in its London office. The newly created position will see Dreblow responsible for large commercial (LCP) and mid-market …
  
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• ARCO Counter-Sues in Ongoing Legal Battle with Montana Residents

  30-12-2015 17:26
  
  An oil company has counter-sued residents of the Montana communities of Opportunity and Crackerville who are seeking an environmental cleanup. The Montana Standard reported that the Atlantic Richfield Co. filed a lawsuit against 97 residents, claiming their long legal fight …
  
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• CNA Hardy Appoints Rollins as Direct & Facultative Property Senior Underwriter

  30-12-2015 17:16
  
  CNA Hardy, a specialist commercial insurance provider for clients within the Lloyd’s and company markets, has appointed Jason Rollins as direct & facultative property senior underwriter. Previously, Rollins was an operational underwriter at International Mining Industry Underwriters (IMIU), where he …
  
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• Judge Orders PG&E to Face Most Charges in Deadly California Pipeline Blast

  30-12-2015 17:13
  
  Pacific Gas & Electric Co. must face the most serious charges related to a 2010 explosion that killed eight people in a San Francisco suburb as the utility heads to a jury trial next year over claims it ignored the …
  
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• Storm Frank Batters North Britain; Total Storm Losses Could Top $4.5 Billion

  30-12-2015 16:55
  
  Torrential rain and gale force winds battered northern Britain on Wednesday, cutting power to thousands of homes and forcing some to evacuate flooded streets in the third major storm in a month. The Environment Agency said Britain had faced an …
  
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• Ownership changes at Houston insurance company - Houston Herald

  30-12-2015 16:44 via
  Houston Herald
  Ownership changes at Houston insurance company
  Houston Herald
  Burch Insurance founder and owner Butch Burch, right, stands with his wife, Beth, and Dawn and Jerry Spencer, who will assume ownership of the 25-year-old Houston business effective Friday (Jan. 1). prev. next. × ...
  

• Storm Aftermath: Avoiding Insurance Scammers - CBS Local

  30-12-2015 16:04 via
  CBS Local
  Storm Aftermath: Avoiding Insurance Scammers
  CBS Local
  DALLAS (1080 KRLD) – Damage from the recent tornadoes in North Texas will exceed $1 Billion, according to The Insurance Council of Texas. And as people start rebuilding, they need to be careful of scammers who are out there ready to take advantage.
  After The Tornadoes, Insurance Adjusters Take Center StageKERA Newsall 2 news articles »
  

• CAIF's 2015 Insurance Fraud Hall of Shame Inductees - ClaimsJournal.com

  30-12-2015 15:50 via
  CAIF's 2015 Insurance Fraud Hall of Shame Inductees
  ClaimsJournal.com
  Blown up houses, staged wrecks and bogus spine surgeries were among the damage inflicted by nine convicted scammers newly selected to the Insurance Fraud Hall of Shame. They were enshrined by the Coalition Against Insurance Fraud. The Hall of ...
  

• NFP Acquires Vanorsdale Insurance Services - Business Wire (press release)

  30-12-2015 15:30 via
  NFP Acquires Vanorsdale Insurance Services
  Business Wire (press release)
  NEW YORK--(BUSINESS WIRE)--NFP, a leading insurance broker and consultant that provides employee benefits, property & casualty (P&C), retirement, and individual insurance and wealth management solutions, has acquired Vanorsdale Insurance ...and more »
  

• Insurance Fraud Hall of Shame Reveals 2015 Inductees - Insurance Journal

  30-12-2015 15:27 via
  Insurance Fraud Hall of Shame Reveals 2015 Inductees
  Insurance Journal
  Blown up houses, staged wrecks and bogus spine surgeries were among the damage inflicted by nine convicted scammers newly selected to the Insurance Fraud Hall of Shame. They were enshrined by the Coalition Against Insurance Fraud. The Hall of ...and more »
  

• Insurance Fraud Hall of Shame Reveals 2015 Inductees

  30-12-2015 15:05
  
  Blown up houses, staged wrecks and bogus spine surgeries were among the damage inflicted by nine convicted scammers newly selected to the Insurance Fraud Hall of Shame. They were enshrined by the Coalition Against Insurance Fraud. The Hall of Shame …
  
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• Heffernan Insurance Brokers Promotes Tiffany Maggard to Vice President - PR Newswire (press release)

  30-12-2015 15:03 via
  PR Newswire (press release)
  Heffernan Insurance Brokers Promotes Tiffany Maggard to Vice President
  PR Newswire (press release)
  ST. LOUIS, Dec. 30, 2015 /PRNewswire/ -- Heffernan Insurance Brokers, one of the largest full-service, independent insurance brokerage firms in the United States, announced today that Tiffany Maggard has been promoted to Vice President. Maggard first ...and more »
  

• 5 Insurance Stocks to Buy Now - Investorplace.com

  30-12-2015 14:55 via
  5 Insurance Stocks to Buy Now
  Investorplace.com
  5 Insurance stocks are moving up in their overall rating this week, according to the Portfolio Grader database. Every one of these is graded an “A” (“strong buy”) or “B” overall (“buy”). Alleghany Corporation (Y) boosts its rating from a C to a B this ...and more »
  

• 9 Extremest Schemers of 2015 Elected to Insurance Fraud Hall of Shame - PR Newswire (press release)

  30-12-2015 14:38 via
  9 Extremest Schemers of 2015 Elected to Insurance Fraud Hall of Shame
  PR Newswire (press release)
  WASHINGTON, Dec. 30, 2015 /PRNewswire/ -- Blown up houses, staged wrecks and bogus spine surgeries were among the damage inflicted by nine convicted scammers newly selected to the Insurance Fraud Hall of Shame. They were enshrined by the ...and more »
  

• PwC says insurance payouts from UK storms may reach 1.2 billion pounds - Reuters UK

  30-12-2015 14:31 via
  Reuters UK
  PwC says insurance payouts from UK storms may reach 1.2 billion pounds
  Reuters UK
  LONDON Consultancy PwC on Wednesday raised its estimate of insured losses from UK Storms Desmond and Eva to between 900 million pounds and 1.2 billion pounds from an earlier range of 700 million to 1 billion pounds. Insurers are facing some of the ...
  PwC says insurance payouts from UK storms may reach $1.8 billionReutersall 28 news articles »
  

• Cargill to Sell Crop Insurance Business to Silveus

  30-12-2015 14:31
  
  Cargill Inc. agreed to sell its crop insurance unit, the latest move by the giant U.S. agricultural commodity trader and producer to reshape its business amid low crop prices. The insurance operation will be sold to Silveus Insurance Group, Minneapolis-based …
  
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• Agencies focused on maintaining current business, survey shows

  30-12-2015 14:30
  
  Principals and producers from independent U.S. P&C agencies shared their thoughts on their optimism, revenue and use of technology tools.
  
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• Ridesharing Dominates 2016 Western Region Headlines

  30-12-2015 14:00
  
  Goodbye the news year 2015, and while there will be no shortage of headline-making topics to associate with the passing year, there was one subject that dominated Insurance Journal’s Western region news stories. Care to guess? No if fair if …
  
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• Cyber security award winner shares risk management strategies

  30-12-2015 14:00
  
  XL Catlin's Thomas Dunbar and fellow panelists talk about what really works.
  
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• Best cars and motorcycles to buy in 2016: Critic's picks

  30-12-2015 14:00
  
  There is no perfect car. There are, however, perfect cars for certain situations—SUVs for rolling with friends, convertibles for sunny days, town cars for drivers to take you to meetings.
  
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• Insurance technology history: Development of applications - PropertyCasualty360

  30-12-2015 13:39 via
  PropertyCasualty360
  Insurance technology history: Development of applications
  PropertyCasualty360
  In the broad insurance marketplace of life, health and property and casualty insurance, numerous software vendors vie to sell software to meet the business requirements of the overall insurance industry. Because financial services and insurance in ...and more »
  

• Insurance technology history: Development of applications

  30-12-2015 13:30
  
  The biggest benefit of a third-party application is that a vendor develops it specifically to address a need in the operations of an insurance company. But in reality, the biggest benefit is more likely to be in the design of the application, which has been vetted by other insurance companies...
  
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• Here are 5 New Year's resolutions that really matter

  30-12-2015 13:00
  
  Help your policyholders save money and heartache by reviewing their policies.
  
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• Understanding drought risk, insurance company seeks to reforest landscape - Treehugger

  30-12-2015 12:56 via
  Treehugger
  Understanding drought risk, insurance company seeks to reforest landscape
  Treehugger
  As more and more corporations voice their support for robust climate action, insurance companies in particular are becoming increasingly vocal about the need to curb emissions and reduce climate risk. Their ability to reduce the specific risk they are ...
  

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