Insurance news

• Hybrid insurance could be a good way to pay for long-term care costs - MarketWatch

  08-01-2016 22:50 via
  Hybrid insurance could be a good way to pay for long-term care costs
  MarketWatch
  Jamie Hopkins, a professor at the American College of Financial Services in Bryn Mawr, Pa., suggested in a recent Investment News article that hybrid products that combine long-term care coverage with an annuity or life insurance contract offer far ...
  

• Horsemen Names Redman Director of Hawaii Operations

  08-01-2016 22:31
  
  Horsemen Inc. has named Mike Redman director of island operations. Redman will be responsible for successful business relationships and business development in Hawaii. Redman has 20 years of insurance experience. He comes to Horsemen Inc. after spending more than 11 …
  
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• Losses for Washington from Drought Estimated at $336M

  08-01-2016 22:24
  
  Washington farmers have lost at least $336 million due to the ongoing drought, a figure that is likely to climb as more information becomes available. The Capital Press reported that a state Department of Agriculture report estimated dollar losses for …
  
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• Senator asks insurance chief to testify on ACA rate hikes - The Tennessean

  08-01-2016 22:21 via
  The Tennessean
  Senator asks insurance chief to testify on ACA rate hikes
  The Tennessean
  Sen. Mark Green requested insurance commissioner Julie Mix McPeak testify before a legislative committee about why insurance premiums on the federally run exchange, particularly those of BlueCross BlueShield of Tennessee, increased, in some cases ...
  

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• Water Company, Insurance Employees Busted in MDMA Delivery: Police - NBC Connecticut

  08-01-2016 22:12 via
  NBC Connecticut
  Water Company, Insurance Employees Busted in MDMA Delivery: Police
  NBC Connecticut
  Three insurance employees are being accused of having a variety of drugs delivered to their apartment with the intent of selling them, police said. Chris Taveras, 25, of the Metropolitan District Commission, Marilyn Monahan, 25, of Aetna, and Rachel ...
  

• Ex-St. Louis Cardinals’ scout pleads guilty to hacking Astros

  08-01-2016 22:00
  
  Cardinals’ officials may have accessed the Astros’ computers by tweaking a list of passwords formerly used by Astros General Manager Jeff Luhnow.
  
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• Insurance Customers Shop For Deals At Healthcare.gov - OPB News

  08-01-2016 21:50 via
  OPB News
  Insurance Customers Shop For Deals At Healthcare.gov
  OPB News
  New data from the feds show most Oregonians who buy individual health insurance are shopping around for the best deal. So far this enrollment season, about 130,000 Oregonians have signed up for insurance through Healthcare.gov. That's 34 percent ...and more »
  

• Wisconsin to vote on self-funding state workers' health coverage - Business Insurance

  08-01-2016 21:27 via
  Wisconsin to vote on self-funding state workers' health coverage
  Business Insurance
  The Group Insurance Board in Wisconsin will vote in February on whether to consider self-funding state employees' health insurance, according to the Wisconsin State Journal. The Group Insurance Board will vote on Feb. 17 to issue requests for proposals ...
  

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• Workers’ Compensation best practices: What you should be doing

  08-01-2016 20:00
  
  The top priority — helping the employee recover and return to work — is best addressed by prompt treatment and proper guidance to direct the patient to the right source of care.
  
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• Ask a Vet: Is pet insurance a good idea? - The Sentinel

  08-01-2016 19:48 via
  The Sentinel
  Ask a Vet: Is pet insurance a good idea?
  The Sentinel
  Pets are quite special in our families, and options for quality veterinary medical care are improving every year. Therefore, the choices for pet insurance are better than ever. Pet insurance policies can range as far as premiums and coverage, so it is ...and more »
  

• Amid bird flu threat, U.S. producers say no thanks to vaccine

  08-01-2016 19:42
  
  Determined to avoid a repeat of the nation’s worst-ever avian-influenza outbreak, the U.S. Department of Agriculture is stockpiling up to 500 million doses of a new vaccine — but many in the $48 billion poultry industry don’t want it.
  
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• Advocates push for low-income insurance program for kids - Lexington Herald Leader

  08-01-2016 19:38 via
  azcentral.com
  Advocates push for low-income insurance program for kids
  Lexington Herald Leader
  A health and advocacy groups are pushing to restore a program that provided health insurance to low-income children in Arizona before the Affordable Care Act. The Arizona Republic reports (http://bit.ly/1Pjbe9s ) that Arizona froze enrollment in the ...
  Advocates push to restore health insurance for kids in low-income familiesazcentral.com
  Report: Arizona Ranks Near Bottom for Kids' Health InsurancePu
  

• Advocates push for low-income insurance program for kids - KVOA Tucson News

  08-01-2016 19:32 via
  azcentral.com
  Advocates push for low-income insurance program for kids
  KVOA Tucson News
  PHOENIX (AP) - A health and advocacy groups are pushing to restore a program that provided health insurance to low-income children in Arizona before the Affordable Care Act. The Arizona Republic reports (http://bit.ly/1Pjbe9s ) that Arizona froze ...
  Advocates push to restore health insurance for kids in low-income familiesazcentral.com
  Report: Arizona Ranks Near Bottom for Kids' Health InsurancePublic News
  

• California Earthquake Authority offers new insurance options - PropertyCasualty360

  08-01-2016 19:06 via
  PropertyCasualty360
  California Earthquake Authority offers new insurance options
  PropertyCasualty360
  John Rimer of Lawrence, Ga., goes through the rubble of his sister's apartment on Jan. 20, 1994, in Santa Monica, Calif., which was destroyed in a gas explosion following a 6.7-magnitude earthquake. (Photo: Lynne Sladky/AP Photo). The California ...and more »
  

• Industry Reacts to McCarty Resignation, Contemplates His Next Move

  08-01-2016 18:58
  
  Insurance industry reactions to Florida Insurance Commissioner Kevin McCarty’s decision to resign have been rolling in since the long-time state regulator announced Jan. 5 that he would step down from his position after 12 years in office. “The privilege of …
  
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• California Earthquake Authority offers new insurance options

  08-01-2016 18:58
  
  The not-for-profit earthquake insurance provider writes 75% of the residential earthquake-insurance policies in California.
  
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• Louisiana-Based Cunningham Insurance Opens Alexandria Office

  08-01-2016 18:55
  
  The Cunningham Insurance Group announced the opening of its newest property/casualty insurance agency, Wilkerson/Cunningham Insurance, in Alexandria, La. This office joins with offices in Natchitoches and Mansfield, La., to give the group a regional presence in central- and northwest Louisiana. …
  
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• Mississippi Town Sued by Environmental Group for Sewage Overflow

  08-01-2016 18:52
  
  Sewage overflows during heavy rains have fouled a poor neighborhood in Centreville, Miss., for years because the city has failed to fix its sewage system, a lawsuit alleges. The lawsuit was filed against Centreville on Jan. 5 in federal court …
  
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• McCarty Replacement Rumors Start Swirling, Successor has ‘Huge Shoes to Fill’

  08-01-2016 18:34
  
  News of who will replace Florida Insurance Commissioner Kevin McCarty has yet to be announced, but whoever takes over will have his or her work cut out for them when McCarty leaves office after 12 years on May 2. “These …
  
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• Arch Re Expands Underwriting Team in New Jersey

  08-01-2016 18:31
  
  Arch Reinsurance Company has hired John Willemsen and Bill Hopkins as managing directors for its underwriting team in Morristown, New Jersey. Willemsen joins Arch Re with over 30 years of experience, most recently as head of the development of the …
  
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• Former Tyson Benefits Manager Sentenced to 28 Months in Federal Prison

  08-01-2016 18:30
  
  A former benefits plan manager for Springdale, Ark.-based Tyson Inc. has been sentenced to 28 months in prison for defrauding the company of more than $550,000. Acting U.S. Attorney for the Western District of Arkansas, Kenneth Elser, announced that under a plea …
  
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• People on the move in the P&C insurance industry: Jan. 8, 2016 - PropertyCasualty360

  08-01-2016 18:25 via
  PropertyCasualty360
  People on the move in the P&C insurance industry: Jan. 8, 2016
  PropertyCasualty360
  Arlington, Va.-based Casualty Actuarial Society has named Richard W. Gorvett, FCAS, CERA, MAAA, Ph.D., as its first staff actuary, effective Jan. 19. The 30-year industry veteran will act as an in-house adviser, offering perspectives on thought ...
  

• GM ignition nightmare won’t go away, for victims or company

  08-01-2016 18:16
  
  GM, which faces at least 16 trials on death and injury claims in state and federal courts in the U.S. in 2016, has said in regulatory filings that it couldn’t estimate its potential liability.
  
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• People on the move in the P&C insurance industry: Jan. 8, 2016

  08-01-2016 18:15
  
  News from CAS, Marsh, Verisk and more.
  
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• Northwest Oklahoma Hit with 3 Quakes of Magnitude 4.0 or More

  08-01-2016 18:10
  
  Three earthquakes capable of causing moderate damage have been recorded in northwestern Oklahoma. The U.S. Geological Survey reports a magnitude 4.7 quake hit just before 10:30 p.m. on Jan. 6 about 20 miles northwest of Fairview and a magnitude 4.8 …
  
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• Houston Employee Benefits Firm, Ascende, Joins EPIC

  08-01-2016 18:07
  
  Houston, Texas-based human capital and employee benefits consulting firm, Ascende Inc. (Ascende), has joined forces with national retail insurance brokerage and employee benefits consulting firm, EPIC Insurance Brokers & Consultants. Founded in 1995, Ascende specializes in a variety of human capital …
  
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• One of the largest insurance companies in the world lays off employees across U.S. - Jacksonville Business Journal

  08-01-2016 18:06 via
  Jacksonville Business Journal
  One of the largest insurance companies in the world lays off employees across U.S.
  Jacksonville Business Journal
  One of the largest insurance companies in the world laid off employees across the U.S. as it reorganizes its corporate structure, according to a statement from the company. The Business Journal was unable to reach anyone at the Jacksonville AIG office ...and more »
  

• New York Legislators Begin Examining Health Republic’s Collapse

  08-01-2016 18:02
  
  Hospitals and doctors told New York senators Wednesday they’ve got $200 million or more in unpaid bills because of last year’s financial failure of the insurance cooperative Health Republic, and they want the state to step in. Other insurers and …
  
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• Sacramento businessman booked on insurance fraud charges - Sacramento Bee

  08-01-2016 17:46 via
  Sacramento Bee
  Sacramento businessman booked on insurance fraud charges
  Sacramento Bee
  A Sacramento construction company owner has been arrested for allegedly not paying workers' compensation premiums for employees. William Huffman, 47, owner of Capitol City Contractors, was booked into Sacramento County Jail on Wednesday on ...and more »
  

• California Jury Rejects Deaf Worker’s Discrimination Suit

  08-01-2016 17:45
  
  A jury in Sacramento, Calif. federal court has decided that a Placer County nonprofit did not discriminate against a deaf employee by failing to provide an American Sign Language interpreter. The Sacramento Bee reported that the jury found that Homeyra …
  
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• Ex-LA Times Columnist’s $7.1M Award Tossed by Judge

  08-01-2016 17:41
  
  A judge has thrown out a $7.1-million jury award to former Los Angeles Times sports columnist T.J. Simers, who claimed he was forced to quit because of age and health discrimination. A judge stripped $2.1 million Simers was awarded in November …
  
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• Quake Jolted Northern California Area: USGS

  08-01-2016 17:37
  
  An earthquake jolted a Northern California area but there were no reports of any problems. The U.S. Geological Survey says the magnitude 4.3-temblor struck shortly before 11 p.m. Wednesday and was centered 36 miles southwest of Eureka. The Humboldt County …
  
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• New York DMV Advises Drivers to Keep License Images Off Social Media

  08-01-2016 17:37
  
  The New York Department of Motor Vehicles is warning drivers of the risk of identity theft from posting images of their newly-obtained permits and driver licenses on social media, particularly popular among young adults. Officials said the sensitive information on …
  
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• Buffalo insurer Walsh Duffield acquires Rochester insurance agency - Buffalo News

  08-01-2016 17:27 via
  Buffalo insurer Walsh Duffield acquires Rochester insurance agency
  Buffalo News
  Buffalo insurance agency Walsh Duffield Cos. has acquired a suburban Rochester insurer, Barry York Inc. The acquisition of the six-employee insurance agency in Pittsford is the second for Walsh Duffield in the Rochester market, following its purchase ...and more »
  

• California Construction Company Owner Nabbed for Workers’ Comp Fraud

  08-01-2016 17:17
  
  The owner of a Northern California construction firm was arrested Thursday on nine felony counts of workers’ compensation insurance fraud and tax evasion totaling $187,707 in losses. William Huffman, 47, of Sacramento, owner of Capitol City Contractors, allegedly underreported $755,899 …
  
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• Ryan Direct Group to acquire MGA Midas Underwriting

  08-01-2016 17:15
  
  RDG says the acquisition will give it extra capability in niche and specialist lines in home, motor and commercial.
  
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• Verisk’s AIR Worldwide Names Churney to Succeed Lee as President

  08-01-2016 17:08
  
  Data firm Verisk Analytics has appointed Bill Churney as president of its AIR Worldwide risk modeling business. Churney had been serving as AIR’s chief operating officer. Churney succeeds Ming Lee, who retired as AIR president Jan. 1, 2016, concluding a …
  
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• Fairfax Financial's Prem Watsa to get Insurance Leader of the Year award

  08-01-2016 16:30
  
  The accolade is bestowed annually by St. John's University's School of Risk Management.
  
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• RIMS Names 2016 Leaders; Outerwall’s Pemberton Becomes President

  08-01-2016 16:00
  
  RIMS, the risk management society, announced that Julie Pemberton will lead the group as president for the 2016 term. Pemberton is the director of Enterprise Risk and Insurance Management for Outerwall Inc. She has been a member of RIMS for …
  
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• Outlook for U.S. Commercial P/C Insurance Still Negative: A.M. Best

  08-01-2016 15:09
  
  Rating agency A.M. Best said it is maintaining its negative outlook on the commercial lines segment of the U.S. property/casualty (P/C) industry, despite relatively solid aggregate results over the past several years. The negative outlook indicates A.M. Best’s expectation of …
  
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• $10M Contributor Greenberg Says Jeb Bush Would Be ‘Outstanding Leader’

  08-01-2016 14:51
  
  Maurice “Hank” Greenberg’s insurance company donated $10 million to a super-PAC supporting Republican Jeb Bush‘s bid for the White House, making him one of the biggest contributors to the 2016 presidential race yet. The donation, Greenberg said in an interview, …
  
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• 2015: Second ‘Hottest’ Year on Record in U.S. Included 10 Major Weather Events

  08-01-2016 14:41
  
  Last year was the second hottest on record in the contiguous United States, and included 10 major weather and climate events, such as droughts and storms, that each led to over $1 billion in damages, the National Oceanic and Atmospheric …
  
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• Financial firsts: 6 types of insurance everyone should at least consider - Deseret News

  08-01-2016 14:32 via
  Deseret News
  Financial firsts: 6 types of insurance everyone should at least consider
  Deseret News
  In this Feb. 12, 2015, file photo, Enrollment counselor Vue Yang, left, goes over some of the health insurance plans available to Laura San Nicolas, center, accompanied by her daughter, Geena, 17, while enrolling for health insurance at Sacramento ...and more »
  

• Families of Shooting Victims Sue Wal-Mart Over Sale of Bullets

  08-01-2016 14:24
  
  Wal-Mart Stores Inc , the world’s largest retailer, faces a lawsuit in Pennsylvania claiming store employees negligently allowed an underage, intoxicated customer to buy a box of bullets later used to commit three murders. The lawsuit, filed in Philadelphia by …
  
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• Beazley’s Chief Underwriting Officer, Maidment, Elected to Council of Lloyd’s

  08-01-2016 14:19
  
  Neil Maidment, Beazley’s chief underwriting officer, has been elected to the Council of Lloyd’s for a three year term, beginning on Feb. 1. Maidment has worked in the Lloyd’s market for 31 years, including 25 years at Beazley. In 2011, …
  
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• Former Quest CEO Wins $14 Million in Insurance Case Against Goldman Sachs Unit - Insurance Journal

  08-01-2016 14:09 via
  Former Quest CEO Wins $14 Million in Insurance Case Against Goldman Sachs Unit
  Insurance Journal
  Former Qwest Communications International Inc. chief Joseph Nacchio won a $14.2 million insurance case verdict against a Goldman Sachs Group Inc. unit and a financial adviser who previously helped convict him of insider trading, according to a lawyer ...and more »
  

• Former Quest CEO Wins $14 Million in Insurance Case Against Goldman Sachs Unit

  08-01-2016 14:08
  
  Former Qwest Communications International Inc. chief Joseph Nacchio won a $14.2 million insurance case verdict against a Goldman Sachs Group Inc. unit and a financial adviser who previously helped convict him of insider trading, according to a lawyer who filed the …
  
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• Dennis Ross' money-saving private flood insurance plan - WTSP 10 News

  08-01-2016 13:36 via
  WTSP 10 News
  Dennis Ross' money-saving private flood insurance plan
  WTSP 10 News
  If you feel like you pay too much for insurance, you'll want to pay attention to this. Help could be coming. Loading… Post to Facebook. Dennis Ross' money-saving private flood insurance plan If you feel like you pay too much for insurance, you'll want ...
  

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