Insurance news

• Insurance customers begin new year with delays - Miami Herald

  21-01-2016 23:43 via
  Philly.com (blog)
  Insurance customers begin new year with delays
  Miami Herald
  Thousands of health insurance consumers around the country have started the new year dealing with missing ID cards, billing errors and other problems tied to an enrollment surge at the end of 2015. Brokers and insurers in several states told The ...
  Want cheap Obamacare insurance? Live in Pennsylvania and avoid New JerseyPhilly.com (blog)
  Pennsylvania insurance commissioner latest to propose protection from surprise b
  

• Survey of Economists Shows Climate Change Impact Sooner, More Severe

  21-01-2016 23:28
  
  The impact from climate change is more imminent than most believe, and it’s going to take a big economic chunk out of a lot of bottom-lines. That’s according to a recent report from the Institute for Policy Integrity, a non-partisan …
  
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• CEO of health insurance marketplace visits KC as deadline for coverage approaches - fox4kc.com

  21-01-2016 23:27 via
  fox4kc.com
  CEO of health insurance marketplace visits KC as deadline for coverage approaches
  fox4kc.com
  KANSAS CITY, Mo. -- The CEO of the government's health insurance marketplace, Kevin Counihan, came to Kansas City on Thursday to say January 31 is a firm deadline to get insurance for this year or face higher penalties. Snow and cold didn't stop people ...
  

• Hybrid Long-Term Care Insurance Policies - Forbes

  21-01-2016 23:03 via
  Hybrid Long-Term Care Insurance Policies
  Forbes
  Attempts to combat concerns about traditional long-term care insurance have resulted in combination or hybrid products using an asset-based approach to fund long-term care. These new approaches generally combine long-term care funding with life ...
  

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• California Approves Ride-Sharing Driver Insurance - Government Technology

  21-01-2016 22:42 via
  Government Technology
  California Approves Ride-Sharing Driver Insurance
  Government Technology
  Insurance policies are being offered that close the gap in insurance coverage and help protect drivers, passengers and pedestrians when ride-sharing vehicles are on the road. by Rachel Raskin-Zrihen, Times-Herald, Vallejo, Calif. / January 21, 2016.
  State Farm May Be Prepping for the 'End of Auto Insurance'NerdWallet (blog)all 6 news articles »
  

• Ironshore Opens Seattle Branch Office to be Led by Sonon

  21-01-2016 22:37
  
  Ironshore Inc. has announced the opening of a branch office in Seattle, Wash., to be led by Daniel Sonon as branch executive. Sonon will be responsible for marketing across all Ironshore business lines, reporting to Jeremy Frumkin, branch executive based …
  
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• Commissioner Stewart Says Winter Weather Can Affect Your Insurance Coverage - news.delaware.gov

  21-01-2016 22:34 via
  Commissioner Stewart Says Winter Weather Can Affect Your Insurance Coverage
  news.delaware.gov
  DOVER, DE – As the first major snowstorm of the year approaches Delaware, Insurance Commissioner Karen Weldin Stewart and the National Association of Insurance Commissioners (NAIC) remind you to take a moment to review your insurance policies ...
  

• Alliant Taps Hostelley in Colorado for Aviation Practice

  21-01-2016 22:31
  
  Alliant Insurance Services Inc. has hired aviation industry specialist Darwin Hostelley as first vice president. Hostelley will be based in Denver, Colo. Hostelley is a certified pilot. Prior to Alliant he was a senior vice president with a global insurance …
  
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• California Commissioner OKs New insurance Products to Fill Ridesharing Gap - Insurance Journal

  21-01-2016 21:45 via
  Insurance Journal
  California Commissioner OKs New insurance Products to Fill Ridesharing Gap
  Insurance Journal
  California Insurance Commissioner Dave Jones approved a new insurance product by USAA designed to close the gap in insurance coverage for drivers driving for all ridesharing companies. The product is now available to USAA's California drivers for all ...and more »
  

• California Commissioner OKs New insurance Products to Fill Ridesharing Gap

  21-01-2016 21:42
  
  California Insurance Commissioner Dave Jones approved a new insurance product by USAA designed to close the gap in insurance coverage for drivers driving for all ridesharing companies. The product is now available to USAA’s California drivers for all ridesharing companies, …
  
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• Insurance CFOs need to play a different role, PwC report says

  21-01-2016 21:20
  
  CFOs need to model underlying business drivers, predict what will happen and prescribe what should happen, not just analyze historical data, says a new report from PwC.
  
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• Is a Single-Payer Health Insurance Program Feasible? - New York Times

  21-01-2016 20:48 via
  New York Times
  Is a Single-Payer Health Insurance Program Feasible?
  New York Times
  To the Editor: Re “Health Reform Realities” (column, Jan. 18): I'm glad to see that Paul Krugman acknowledges that “if we could start from scratch, many, perhaps most, health economists would recommend single-payer, a Medicare-type program covering ...and more »
  

• Are you prepared for these claims, tech and risk management trends?

  21-01-2016 20:05
  
  A new report from Sedgwick Claims Managements looks at what the industry should be keeping an eye on this year.
  
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• Northern Mid-Atlantic Region Braces for Big Storm, Significant Snowfall

  21-01-2016 18:59
  
  The South and East are bracing for a nor’easter at week’s end with the potential for significant snowfall. The National Weather Service’s Weather Prediction Center warns of heavy, “perhaps crippling” snow across the northern mid-Atlantic region, including Baltimore, Washington and …
  
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• Obama Administration Works to Fix Health Insurance Co-Ops - Wall Street Journal

  21-01-2016 18:54 via
  Wall Street Journal
  Obama Administration Works to Fix Health Insurance Co-Ops
  Wall Street Journal
  WASHINGTON—An Obama administration official said Thursday the government is taking steps to help health cooperatives set up under the Affordable Care Act remain solvent, while seeking to recoup federal funds from those that failed. The nonprofit co ...
  Feds To Push For Privatizing Ailing Obamacare Co-OpsDaily Callerall 16 news articles »
  

• Sandridge Energy Agrees to Reduce Wastewater Volume in Oklahoma Wells

  21-01-2016 18:52
  
  Sandridge Energy has agreed to a plan from the Oklahoma Corporation Commission’s Oil and Gas Conservation Division (OGCD) that will both reduce the volume of wastewater being injected in the Medford and Cherokee/Byron areas, and convert some wells from disposal …
  
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• Mass. Senate to Consider Ban on Using Handheld Cellphones While Driving

  21-01-2016 18:52
  
  Motorists in Massachusetts may soon have to put down their cellphones when they’re on the road. A bill prohibiting the use of hand-held mobile electronic devices while driving would also make it illegal to enter information by hand into a …
  
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• NYC Mayor de Blasio Says City’s Streets Have Never Been Safer

  21-01-2016 18:41
  
  New York City Mayor Bill de Blasio says the city’s streets have never been safer. The Democratic mayor on Tuesday said traffic and pedestrian fatalities dropped to their lowest level in 2015, ever since they began record keeping in 1910. …
  
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• N.Y. Gov. Cuomo Nominates Vullo to Head Department of Financial Services

  21-01-2016 18:28
  
  New York Gov. Andrew Cuomo today nominated Maria Vullo, an attorney and former staffer, as superintendent of the New York State Department of Financial Services (NYDFS). The nomination comes eight months after the May 2015 departure of former superintendent Benjamin …
  
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• Additional $5.1M Recovered for Louisiana Insurance Policyholders in 2015

  21-01-2016 18:27
  
  The Louisiana Department of Insurance (LDI) announced that in 2015 an additional $5.1 million in insurance claim payments was recovered on behalf of policyholders. Insurance Commissioner Jim Donelon says these funds are the result of LDI staff working with company …
  
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• NFP Names Savage as COO of Midwest P/C Division

  21-01-2016 18:18
  
  Global insurance broker NFP Corp. has appointed Patrick Savage as chief operating officer (COO) for NFP Property & Casualty, Midwest. Savage will lead operations and finance for NFP Property & Casualty, Midwest and will use his expertise in the P/C …
  
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• Bike Lobby Seeks Lower Speed Limits in Minnesota Cities

  21-01-2016 18:14
  
  Minnesota’s bike lobby is hoping to get state legislators to lower speed limits on city streets around the state, arguing it would make cyclists and pedestrians safer. A speed limit of 25 mph is being sought by the state’s bike …
  
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• Blizzard watch posted from Washington to New York for storm

  21-01-2016 18:05
  
  A blizzard watch has been posted from Virginia to Long Island, including Washington and New York, for a storm that threatens to bring high winds and heavy snow starting Friday.
  
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• U.S. Labor Department Issues Joint Employer Liability Rules

  21-01-2016 17:44
  
  More U.S. companies could be classified as “joint employers” of workers employed by a staffing agency or contractor and held liable for labor violations tied to those staff, the U.S. Labor Department said in guidance published Wednesday. Joint employment has …
  
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• Utah Man Nabbed after Staging 23 Auto Accidents over 5 Years

  21-01-2016 17:26
  
  Utah-man Navid Monjazeb faces 22 counts of insurance fraud, reckless endangerment, and other crimes spanning five years and at least 23 known accidents – with the same three vehicles. Charges resulting from a months-long investigation conducted by Utah’s Insurance Fraud …
  
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• California Commissioner Orders Changes to FAIR Plan

  21-01-2016 17:15
  
  California Insurance Commissioner Dave Jones issued an order directing the California Fair Access to Insurance Requirements Plan to make several changes in the wake of last year’s severe fire season. The order includes enhanced coverage options, it eliminates the requirement …
  
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• Travelers profit falls 17% as energy investments pressured

  21-01-2016 17:06
  
  Travelers Cos. said Q4 profit fell 17$ as investment income declined on low bond yields and valuations for energy-related holdings.
  
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• Britton Gallagher Expands Life Sciences Division in California with Wright

  21-01-2016 17:01
  
  Britton Gallagher has named Tina Wright an account manager on its life sciences team. Wright will be based in San Diego, Calif. and will focus on developing solutions for issues facing life science clients. Wright has a background in commercial …
  
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• Plan to Burn off Leaking Methane in California Scrapped

  21-01-2016 16:53
  
  Air quality regulators agreed on Wednesday to scrap a proposal to capture and burn off some of the methane spewing into the air from a subterranean pipeline rupture that has forced thousands of Los Angeles residents from their homes since …
  
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• Liberty International Underwriters Names C&F’s Cossetti as Head of U.S. Casualty

  21-01-2016 16:07
  
  Liberty International Underwriters (LIU) has named Diana Cossetti as senior vice president of LIU’s U.S. Casualty operation, newly-created underwriting leadership role overseeing Primary Casualty, Excess Casualty, Environmental, Railroad and Crisis Management.  S Cossetti will be based in New York and …
  
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• UK’s Aviva to Buy Royal Bank of Canada Unit for North America Expansion

  21-01-2016 16:00
  
  Aviva Plc, the U.K.’s second-biggest insurer by market value, agreed to buy a home and auto insurer from Royal Bank of Canada for C$582 million ($402 million) to expand in North America. The purchase will increase Aviva’s policy sales in …
  
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• California offering grants to strengthen homes against earthquakes

  21-01-2016 16:00
  
  Homeowners in 18 cities can now apply for grants of up to $3,000 to shore up foundations.
  
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• Why Regulation Is Good for Driverless Cars

  21-01-2016 15:26
  
  You don’t often hear a libertarian praising a federal regulator when it starts offering “guidance” and “coordination” for some innovative industry. Well, mark your calendars, folks, because here goes: The National Highway Traffic Safety Administration is preparing to get deeper …
  
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• Travelers’ Q4 Profit Takes Hit

  21-01-2016 14:06
  
  Travelers Cos., the only property-casualty insurer in the Dow Jones Industrial Average, said fourth-quarter profit fell 17 percent as investment income declined on low bond yields and valuations for energy-related holdings. Net income dropped to $866 million, or $2.83 a …
  
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• Icahn Activism Not AIG’s First Test Under Pressure

  21-01-2016 14:01
  
  American International Group Inc. knows what it’s like to be circled by hawks. American International Group Inc. knows what it’s like to be circled by hawks. Under pressure in 2009 to repay the insurer’s bailout, company executives were in a …
  
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• Take an ‘inside’ look at your sales process

  21-01-2016 13:15
  
  Here are growth steps that agents can take right now, based on an existing book of business.
  
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• Here are the top 10 schools for insurance and risk management

  21-01-2016 13:00
  
  Many of the next generation of insurance professionals can be found at thesethe best and brightest may be found attending U.S. News & World Report's top 10 insurance and risk management schools.
  
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• XL Catlin Applies for License to Open Reinsurance Branch in India

  21-01-2016 12:30
  
  XL Catlin announced it has begun the licensing process to establish a reinsurance branch in India. The decision to pursue market entry into India aligns with XL Catlin’s strategy of establishing a presence in emerging and developing markets where economic …
  
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• Artificial Intelligence to Help Reduce Insurance Risks: Baidu President

  21-01-2016 11:46
  
  It was hard to tell whether hope or fear was the predominant sentiment about the future of artificial intelligence, according to a panel discussing the state of the field at the World Economic Forum in Davos, Switzerland, Wednesday. A.I. systems …
  
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• A.M. Best Appoints Ribeiro and Sutherland to Its Asia-Pacific Operations

  21-01-2016 11:22
  
  A.M. Best announced the appointment of Jose Ribeiro as managing director – Asia-Pacific, and James Sutherland as commercial director – Asia-Pacific. As managing director, Asia-Pacific, Ribeiro will be responsible for raising the profile of A.M. Best’s brand in the region …
  
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• National Iranian Tanker Co. Close to Obtaining New Insurance for Crude Exports

  21-01-2016 11:02
  
  The National Iranian Tanker Co. is close to obtaining new insurance needed to boost crude exports and resume trade with old customers after four years of sanctions. NITC has been negotiating with foreign organizations for the past six months to get its …
  
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• Tokio Solution Appoints Agnew as Vice President, ILS Portfolio Management

  21-01-2016 10:13
  
  Bermuda-based Tokio Solution Management Ltd., a wholly owned subsidiary of Tokio Millennium Re AG, has appointed Butch Agnew as vice president, ILS Portfolio Management. Agnew has over 15 years of experience in capital markets, captive management, broking, business development and …
  
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• OneBeacon Launches Coverage for Community Health Centers

  21-01-2016 08:05
  
  OneBeacon Healthcare Group, a member of OneBeacon Insurance Group, has launched a new federally qualified community health clinics and providers policy, which provides additional protection for potential gaps in the coverage afforded to community health centers and providers under the …
  
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• Florida’s Citizens Policy Count Reaches Lowest Level on Record

  21-01-2016 07:58
  
  Florida’s Citizens Property Insurance Corporation announced Jan. 20 that it has reduced its policy count to under 500,000. The company said in a statement that its policy count on Jan. 19 was 484,788, the lowest level recorded since Citizens was …
  
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• Radner Named VP, Human Resources Business Partner at CNA

  21-01-2016 07:52
  
  Chicago-based property/casualty insurer CNA appointed Sean Radford to vice president, Human Resources Business partner. Radner joined CNA in 2014 as director in HR’s Talent and Leadership Development team, where he was responsible for developing and driving CNA’s talent and leadership …
  
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• Radford Named VP, Human Resources Business Partner at CNA

  21-01-2016 07:52
  
  Chicago-based property/casualty insurer CNA appointed Sean Radford to vice president, Human Resources Business partner. Radford joined CNA in 2014 as director in HR’s Talent and Leadership Development team, where he was responsible for developing and driving CNA’s talent and leadership …
  
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• Lloyd’s Appoints Regional Director for South Central U.S.

  21-01-2016 07:48
  
  Specialist (re)insurer, Lloyd’s, has appointed Enya He as regional director for its newly-established South Central United States region. She will be based in Dallas and be responsible for market development activities in Arkansas, Louisiana, Oklahoma and Texas. Prior to joining Lloyd’s, …
  
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• Alabama Debates Banning Criminal History on Job Applications

  21-01-2016 07:25
  
  As policies that limit when employers may ask applicants about their criminal histories gain popularity nationwide, advocates are pushing similar measures in Alabama, which has one of the highest incarceration rates in the country. Nineteen states and the District of …
  
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• West Virginia Tackling Underage Drinking, Driving Through ‘NO School Spirits’ Contest

  21-01-2016 06:46
  
  The West Virginia Alcohol Beverage Control Administration has received a record 78 entries from high school students for a contest discussing the dangers of drinking and driving and underage alcohol consumption. Sixteen high schools submitted essays or videos for the …
  
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• Allegiance Insurance Services Promotes Strehmann, Petrocelli

  21-01-2016 01:56
  
  Burr Ridge, Ill.-based Allegiance Insurance Services Inc. (AIS) appointed Barbara M. Strehmann as chief financial officer of the Allegiance Group of Companies. Strehmann has over 30 years’ experience in the accounting field, and has worked as the accounting manager and …
  
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