Insurance news

• Odds growing for weekend snow from Washington to New York

  19-01-2016 22:52
  
  The odds are good a winter storm will bring the first heavy snow from Washington to Boston starting Friday, forecasters said.
  
  Read more

• LIU’s Rokicki Joins Aspen as U.S. Head of Onshore Energy, Construction

  19-01-2016 22:00
  
  Aspen Insurance announced the appointment of Robert Rokicki as senior vice president and head of Onshore Energy and Construction for the Americas.  Reporting to Tim Kania, global head of Energy and Construction, Rokicki will be based in New York and …
  
  Read more

• Farmers Ex-Executive DeSantis Named CEO of Program Manager Wright

  19-01-2016 20:29
  
  Ironshore has named Anthony J. DeSantis as chief executive officer of Wright & Co., a wholly-owned subsidiary in its U.S. Holdings Group  He will be responsible for Wright’s existing direct to consumer platform, as well as building upon the small …
  
  Read more

• Here come the accountants — the codification of cyber risk

  19-01-2016 19:55
  
  As Cyber insurance becomes a common element across the business landscape, accountants and actuaries will define the risks and assign financial value to these risks, otherwise known as codification.
  
  Read more

• Advertisement

• Renault plans 15,800-car recall to fix faulty pollution filter

  19-01-2016 19:22
  
  Renault SA will recall 15,800 Captur SUVs to fix pollution-control systems and offer voluntary emissions-system updates for about 700,000 vehicles.
  
  Read more

• Ironshore Expands Builders Risk Coverage to Wood Frame Commercial Construction

  19-01-2016 18:59
  
                                         Ironshore Global Property has expanded its builders’ risk coverage to include wood frame commercial construction projects in the U.S. and Canada.  The stand-alone policy offering will protect against property risks of large scale, commercial wood frame structu
  
  Read more

• AIG Increases Global Commercial Property Limits to $2.5B

  19-01-2016 18:56
  
  American International Group, Inc. (AIG) has significantly raised available global commercial property limits to $2.5 billion per occurrence. According to the company, the move responds to the growing demand for capacity and services by clients managing more complex global risks …
  
  Read more

• AIG increases commercial property limits 67% to $2.5 billion

  19-01-2016 18:53
  
  AIG, the largest commercial insurer in the U.S. and Canada, increased limits on property policies by 67% in a bid to build ties with multinational clients.
  
  Read more

• Advertisement

• Hub Acquires Assets of North Carolina-Based RPG Solutions

  19-01-2016 18:52
  
  Hub International Limited (Hub), a global insurance brokerage, has acquired the assets of RPG Solutions, Inc. (RPG) of North Carolina.  Terms of the acquisition were not disclosed. Based in Raleigh, RPG specializes in providing employee benefits, HR Services and training …
  
  Read more

• Florida Tornadoes Leave 2 Dead, Several Injured

  19-01-2016 18:46
  
  Florida officials say two adults have been killed and four children have been injured after two tornadoes swept through central Florida. Manatee County EMS officials tell WFLA-TV that several people were injured as severe weather pushed through Duette and Siesta …
  
  Read more

• N.Y. Aims to Improve Storm Forecasts With Automated Weather Stations

  19-01-2016 18:25
  
  Counting every raindrop or measuring every gust of wind is impossible, but New York is getting closer with a uniquely extensive statewide system of automated weather stations that should paint a dramatically clearer picture of developing storms. Described as the …
  
  Read more

• Icahn urges drastic AIG shift, says CEO credibility on the line

  19-01-2016 18:20
  
  Activist investor Carl Icahn, who’s pushing AIG CEO Peter Hancock to shrink the insurer and boost returns, said the CEO’s presentation next week on his vision must offer “a drastic strategic shift.”
  
  Read more

• Icahn Renews Attack on AIG CEO Hancock; Insists ‘Drastic Shift’ Needed

  19-01-2016 17:47
  
  Activist investor Carl Icahn has again called for American International Group (AIG)  to be divided into three separate companies and expressed doubt that AIG CEO Peter Hancock’s planned strategy presentation next week will satisfy his demand. He said that if …
  
  Read more

• AssuredPartners Acquires Roehrs & Co. in Pennsylvania

  19-01-2016 17:46
  
  AssuredPartners Inc. announced that it has acquired Roehrs & Company Inc., an independent agency based in Exton, Pennsylvania. Terms of the transaction were not disclosed. Roehrs & Company was founded in 1923 by Walter E. Roehrs Sr., and current operations …
  
  Read more

• Quake Widely Felt in Anchorage Area, Officials Say

  19-01-2016 17:19
  
  Officials say a moderate earthquake was widely felt as it rumbled beneath the Anchorage, Alaska area, but there were no immediate reports of damage. The Alaska Earthquake Information Center says the magnitude-4.8 temblor struck at 7:05 p.m. Sunday and was …
  
  Read more

• Earthquake Rattled Hawaii’s Big Island

  19-01-2016 17:17
  
  An early morning earthquake rattled Hawaii’s Big Island, the U.S. Geological Survey said. The USGS reported the magnitude 3.9 struck at 1:52 a.m. on Monday and was centered about 35 miles southwest of Hilo, near the Mauna Loa Observatory. Only …
  
  Read more

• Washington Refinery Fined Nearly $325K for Workplace Violations

  19-01-2016 17:03
  
  Washington’s Department of Labor & Industries has fined Phillips 66 Refinery $324,000 for failing to correct serious workplace safety and health violations. An L&I inspection of the Ferndale facility found the violations put refinery workers at great risk in case …
  
  Read more

• Leavitt Hires Robertson in Idaho for Employee Benefits Team

  19-01-2016 16:55
  
  Leavitt Group Benefits Services of Boise has named Shane Robertson to its employee group benefits team in Idaho. Robertson will advise employers in developing customized employee benefits plans and navigating the complexities of the Affordable Care Act. He has eight …
  
  Read more

• Alliant in California Names Novotnaj Director of Health Informatics

  19-01-2016 16:48
  
  Alliant Insurance Services Inc. has named Kryz Novotnaj vice president and national director of health informatics in its employee benefits group. Novotnaj will be based in the Walnut Creek, Calif. office, and he will lead the expansion of Alliant’s health …
  
  Read more

• Marine Insurers Cautious About Re-Entering Iran, Despite Lifting of Sanctions

  19-01-2016 16:29
  
  Foreign oil tanker owners are expected to make a slow return to Iran despite the lifting of many sanctions as insurers tread carefully, leaving shipping players unwilling to pick up cargoes as quickly as Tehran has wanted. A nuclear deal between …
  
  Read more

• Argo Names AIG’s Mike-Mayer Chief Underwriter, NYWCB’s Wade Chief of Claims for U.S.

  19-01-2016 15:56
  
  Specialty insurance and reinsurance carrier Argo Group International Holdings, Ltd. announced the appointments of Frank Mike-Mayer as chief underwriting officer and Mark Wade as chief claims officer, both serving as key executives for the company’s U.S. operations. As chief underwriting …
  
  Read more

• Lloyd’s Develops Standardized Data Requirements for Cyber Risks

  19-01-2016 15:29
  
  Lloyd’s of London announced that a set of common core data requirements for cyber risks has been agreed by collaborating with modeling firms AIR Worldwide and RMS, along with RMS’ partner, the Cambridge Centre for Risk Studies. Both AIR and …
  
  Read more

• Drone Viewpoint: Let U.S. Protect Airspace, While States Protect Privacy

  19-01-2016 15:09
  
  In October, a Kentucky judge dismissed criminal charges against a man who had shot down a drone flying over his property. Now the drone’s owner has brought a federal civil suit against the shooter, William Merideth, arguing that the Federal Aviation …
  
  Read more

• Insurance to Offset Merck’s $830M Settlement with Investors Over Vioxx

  19-01-2016 14:51
  
  More than 11 years after pulling its Vioxx painkiller from the market, Merck & Co. agreed to pay another $830 million to settle litigation, raising its total payouts in lawsuits and government investigations to more than $8.5 billion. The settlement …
  
  Read more

• Making waves at Monarch Insurance Services

  19-01-2016 13:30
  
  Honor, loyalty and Kūpono shape insurance life in the islands for Brigitte Egbert. Just don't try to put her in the “female” bin.
  
  Read more

• Everest Re Announces Senior Leadership Changes at Bermuda, Europe Operations

  19-01-2016 13:29
  
  Bermuda-based Everest Re Group Ltd. announced that Mark de Saram, managing director and chief executive officer of Everest Reinsurance (Bermuda) Ltd., has notified the company of his decision to retire effective April 6, 2016. Sanjoy Mukherjee will succeed de Saram …
  
  Read more

• 6 tips to get your financial services practice ready to sell

  19-01-2016 13:15
  
  Activities that don’t produce a profit will drag down the price of your practice, making your investment in them a loss.
  
  Read more

• 16 of the coolest P&C insurer mobile apps

  19-01-2016 13:00
  
  You might be surprised at the apps available for free (often for policyholders and non-policyholders alike) to improve driving skills, prepare a home inventory, shop for a new vehicle, track cyber attacks or hurricanes, and more.
  
  Read more

• Factbox – International Firms Rush to Establish Position in Iran as Sanctions Lift

  19-01-2016 12:11
  
  Major international companies are rushing to establish a position in Iran as the Islamic Republic re-opens for business after the lifting of international sanctions. Up for grabs is access to a market with 80 million people and annual output of …
  
  Read more

• Obama Nominates South Carolina Insurance Head to NARAB Board of Directors - Insurance Journal

  19-01-2016 10:01 via
  Obama Nominates South Carolina Insurance Head to NARAB Board of Directors
  Insurance Journal
  President Barack Obama has nominated South Carolina Department of Insurance Director Raymond G. Farmer to serve as a member on the Board of Directors of the National Association of Registered Agents and Brokers (NARAB) for a period of one year.
  

• Obama Nominates South Carolina Insurance Head to NARAB Board of Directors

  19-01-2016 10:00
  
  President Barack Obama has nominated South Carolina Department of Insurance Director Raymond G. Farmer to serve as a member on the Board of Directors of the National Association of Registered Agents and Brokers (NARAB) for a period of one year. …
  
  Read more

• BHSI Launches D&O & PI Cover in Australia, Expands Team

  19-01-2016 09:32
  
  Berkshire Hathaway Specialty Insurance Company (BHSI) has launched four new executive and professional lines policies in Australia and named Sami Jaghbir as senior underwriting manager, Executive & Professional Lines, in Brisbane, and Richard Johnson as senior underwriting manager, Executive & …
  
  Read more

• Azerbaijan plans to lift insurance limit on bank deposits - Reuters

  19-01-2016 09:19 via
  Azerbaijan plans to lift insurance limit on bank deposits
  Reuters
  BAKU Jan 19 Azerbaijan plans to remove insurance limit on deposits held in local banks, central bank head Elman Rustamov said at a meeting of parliament's committees on Tuesday. The country's deposit insurance system currently covers retail deposits of ...and more »
  

• Obama proposes changes to jobless insurance system - Omaha World-Herald

  19-01-2016 08:03 via
  Kingsport Times News
  Obama proposes changes to jobless insurance system
  Omaha World-Herald
  President Barack Obama has proposed changes to the U.S. unemployment insurance system that he says would offer more security to the jobless and encourage experienced workers to rejoin the workforce, even if it means taking a pay cut. The proposal ...
  Obama to propose new unemployment insurance planNapa Valley Registerall 8 news articles »
  

• 1 Worker Dead, 3 Hurt in Explosion at Texas Chemical Plant

  19-01-2016 07:45
  
  Officials say an explosion at a Houston-area chemical plant has left one worker dead and three hurt. Pasadena police say the tank accident happened Saturday afternoon at the PeroxyChem Bayport Plant. A statement from Philadelphia-based PeroxyChem says the workers were …
  
  Read more

• Bird Flu Found in Indiana Turkey Flock

  19-01-2016 07:43
  
  The U.S. government confirmed the presence of highly pathogenic H7N8 avian influenza in a commercial turkey flock in Indiana, the country’s first case since the end of last year’s outbreak that led to the destruction of 50 million animals. The …
  
  Read more

• Louisiana Citizens Property Insurer Plans Rate Changes

  19-01-2016 07:41
  
  Almost all of the Orleans Parish homeowners who buy coverage from the state insurer of last resort could see their rates drop 6.3 percent if the Louisiana Insurance Department approves proposed rate reductions. The Advocate reports a mix of rate …
  
  Read more

• Flint, Michigan Water Crisis Leads to Federal Emergency Order

  19-01-2016 07:40
  
  President Barack Obama signed an emergency declaration Saturday that clears the way for federal aid for Flint, Michigan, which is undergoing a drinking water crisis. The White House also said the Federal Emergency Management Agency will coordinate all disaster relief …
  
  Read more

• Hundreds of Oklahomans Turn Out for Earthquake Hearing

  19-01-2016 07:38
  
  Oklahoma residents concerned with a dramatic increase in the number of earthquakes called for more regulations on the oil and gas industry on Jan. 15 and urged state leaders to take action to stop the quakes. About 200 people tried …
  
  Read more

• Kentucky Drone Suit Challenges Airspace Rules, Privacy Expectations

  19-01-2016 07:05
  
  A lawsuit filed against a man who shot down a drone over his Hillview, Ky., home last summer seeks to resolve what expectations homeowners have to privacy as their property is seen from the air. The Courier-Journal reports a local …
  
  Read more

• Woman's car stuck between driver's insurance company and stonewall - The Union Leader

  19-01-2016 07:01 via
  The Union Leader
  Woman's car stuck between driver's insurance company and stonewall
  The Union Leader
  Aliza Simpson of Londonderry, who was a 1,000-point scorer and the state's top high school player two seasons ago, needs to shoot the ball more for the struggling University of New Hampshire women's.
  

• BRIEF-Leshi Internet Information and Technology plans to set up insurance firm ... - Reuters

  19-01-2016 05:13 via
  BRIEF-Leshi Internet Information and Technology plans to set up insurance firm ...
  Reuters
  Jan 19 Leshi Internet Information and Technology Corp Beijing. * Says plans to invest 170 million yuan ($25.84 million)to set up property insurance firm with partners. Source text in Chinese: bit.ly/1U8FkAf. Further company coverage: ($1 = 6.5792 ...
  

• NJ drivers pay more for car insurance, but why? - New Jersey 101.5 FM Radio

  19-01-2016 05:11 via
  New Jersey 101.5 FM Radio
  NJ drivers pay more for car insurance, but why?
  New Jersey 101.5 FM Radio
  It is something New Jersey drivers would rather not lead the nation in: spending more on car insurance than any other state. 99750720 (Dmitriy Melnikov, ThinkStock). The figures released from the National Association of Insurance Commissioners, which ...
  

• U.S., 17 Automakers Reach Agreement on Cybersecurity, Safety

  19-01-2016 03:02
  
  The U.S. Transportation Department and 17 automakers have reached agreement on efforts to enhance safety, including sharing information to thwart cyber-attacks on their increasingly wired vehicles. Automakers including General Motors Co., Ford Motor Co. and Toyota Motor Corp. also agreed to …
  
  Read more

• Officials Hope Latest Midwest Bird Flu Contained by Rapid Response

  19-01-2016 02:47
  
  A move to quickly quarantine and destroy Indiana turkey flocks infected with avian influenza may help prevent a repeat of last year’s outbreak that cost the industry $3.3 billion, according to officials. “We’ve not found any additional cases since Saturday,” …
  
  Read more

• Officials Believe Latest Midwest Bird Flu Contained by Rapid Response

  19-01-2016 02:47
  
  A move to quickly quarantine and destroy Indiana turkey flocks infected with avian influenza may help prevent a repeat of last year’s outbreak that cost the industry $3.3 billion, according to officials. “We’ve not found any additional cases since Saturday,” …
  
  Read more

• Insurance claim denied because no one was home - KING5.com

  19-01-2016 01:59 via
  KING5.com
  Insurance claim denied because no one was home
  KING5.com
  If your home catches fire, is burglarized or has a leak, homeowners insurance is there to pay for the damage - or is it? Loading… Post to Facebook. Insurance claim denied because no one was home If your home catches fire, is burglarized or has a leak, ...
  

• “The situation is getting worse,” Oklahomans claim insurance companies refuse ... - kfor.com

  19-01-2016 01:31 via
  kfor.com
  “The situation is getting worse,” Oklahomans claim insurance companies refuse ...
  kfor.com
  ENID, Okla. - The earthquakes keep coming, and now some Oklahomans are saying their insurance companies are refusing to pay for the damage. One Enid homeowner told NewsChannel 4 that she got a letter from her insurance carrier, notifying her of an ...
  

• Critical illness insurance a viable option for many - UpperMichigansSource.com

  19-01-2016 01:05 via
  UpperMichigansSource.com
  Critical illness insurance a viable option for many
  UpperMichigansSource.com
  Marquette — As health insurance deductibles skyrocket, people are looking for other ways to pay for medical expenses. One way that is becoming increasingly popular is critical illness insurance. It is something not a lot of people have, but it could ...
  

• United Fire Group Recognizes Agents, Employee for Community Service

  19-01-2016 00:51
  
  Cedar Rapids-based United Fire Group (UFG) has honored two agents and one employee with its Scotty McIntyre, Jr. “Go Beyond” award that recognizes individuals for their exemplary community service efforts. Property/casualty agent Garrett Jerue is the co-founder of Hope Lives Foundation, …
  
  Read more

Follow @Insurance_Newsl on Twitter!