Insurance news

• Engineer’s speed prior to deadly Amtrak crash remains puzzle

  01-02-2016 23:21
  
  The engineer operating an Amtrak train that derailed in Philadelphia last year pushed its throttle to full, increasing the train’s speed to 106 miles per hour, before entering a sharp curve.
  
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• Uber drivers plan strike to protest fare cuts in New York City

  01-02-2016 19:29
  
  Last week Uber Technologies Inc., the ride-hailing leader, reduced its uberX rates in New York City by 15%.
  
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• CDC ends Chipotle E. coli probe, fails to find pathogen source

  01-02-2016 19:08
  
  The CDC was unable to determine the source of contamination but said it was probably a common meal item or ingredient.
  
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• Hub International Northeast Announces 2 Promotions

  01-02-2016 18:59
  
  Hub International Northeast, a division of Hub International Limited, has promoted Steven Guthart to president of Brooklyn, New York, operations. Prior to this new appointment, Guthart was senior vice president with the firm. Holding nearly 30 years of experience in …
  
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• U.S. drivers can see $1.50 gasoline for first time since 2009

  01-02-2016 18:41
  
  Thanks to a glut of oil that has spurred refiners to make as much fuel as they can, pump prices nationwide are down about 26 cents a gallon from a year ago.
  
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• Wisconsin Packaging Company Fined $83K for Multiple Safety Hazards

  01-02-2016 18:32
  
  A custom packaging company in Green Bay, Wisconsin, has been cited by federal safety officials for multiple workplace safety hazards. The U.S. Department of Labor Occupational Safety and Health Administration cited the Services Plus Inc., a Green Bay packaging company, …
  
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• Health Insurers in Kansas Support Network-Only Plan Proposal

  01-02-2016 18:25
  
  Insurance providers have asked Kansas lawmakers to approve a measure that would allow them to offer health plans requiring customers to only use the insurers’ network. The plans are called Exclusive Provider Organization, or EPOs. The Topeka Capital-Journal reports the …
  
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• Karen Clark & Co. Announces 2 Additions to Senior Management Team

  01-02-2016 18:20
  
  Karen Clark & Co. (KCC), a catastrophic risk management consulting and modeling firm, announced two additions to its senior management team — Nozar Kishi and Christopher Mossey. Kishi assumes the role of vice president, Model Development, and will lead several …
  
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• Insurify raises $2 million to create virtual agent for Auto insurance

  01-02-2016 18:10
  
  A startup from MIT wants to make buying Auto insurance as easy as texting a photo of a license plate.
  
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• AIG’s Sankaran says material value at risk in Icahn’s plan

  01-02-2016 18:00
  
  AIG’s Sid Sankaran, who has been designated to be the insurer’s next CFO, said that activist investor Carl Icahn’s proposal to break up the company would punish investors by jeopardizing tax assets and pressuring capital measures.
  
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• Maurer Joins TASA Risk Solutions as Director of Safety

  01-02-2016 17:56
  
  San Antonio-based insurance brokerage, TASA Risk Solutions, has appointed Rob Maurer as director of Safety. Maurer joins TASA with decades of experience in the insurance and risk management area for a variety of industries including construction, manufacturing and transportation. He most …
  
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• Oregon University Seeks Dismissal of Former Basketball Player’s Lawsuit

  01-02-2016 17:28
  
  The University of Oregon has asked a federal judge to dismiss a lawsuit filed by a former basketball player who claims the school damaged his prospects of playing in the NBA. Brandon Austin was one of three UO basketball players …
  
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• California University Acknowledges Liability in Football Player Death

  01-02-2016 17:25
  
  The University of California has acknowledged its negligence was a substantial factor in the death of former California football player Ted Agu. The 21-year-old defensive lineman from Bakersfield died nearly two years ago after a strenuous team workout. His family …
  
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• Lyft Makes Deal to Join Uber Serving Nevada Airport

  01-02-2016 17:22
  
  Ridesharing company Lyft has locked in a deal to operate at Reno-Tahoe International Airport. The Reno-Gazette Journal reported that Lyft obtained an agreement Friday to expand operations and will get to join Uber in doing pickups at the airport. Reno-Tahoe …
  
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• How Automation Will Whack Up to 25% of Insurance Jobs: McKinsey

  01-02-2016 16:08
  
  Automation could leave up to 25 percent of the insurance industry’s current full-time positions consolidated or replaced over the next decade, McKinsey & Co. said in a new report, Automating the Insurance Industry. The consultancy urged insurers to “rethink their …
  
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• How to Keep Peace Over Politics in the Workplace

  01-02-2016 15:50
  
  As Iowa and New Hampshire citizens prepare to caucus and vote, it’s worth remembering that sparring over immigration reform, ISIS and whether Donald Trump should be in the White House can go quickly from casual to spirited to heated during …
  
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• EEOC Seeks Input on Workplace Retaliation Guidance

  01-02-2016 15:19
  
  The U.S. Equal Employment Opportunity Commission (EEOC) is seeking public input on proposed enforcement guidance addressing retaliation and related issues under federal employment discrimination laws. The enforcement guidance documents set forth the EEOC’s interpretation of the law and seek to promote …
  
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• Is your personality perfect for sales?

  01-02-2016 13:30
  
  Is there a difference between salespeople who struggle and salespeople who look forward to fat commission checks every single payday?
  
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• Agents need to take care when using Internet content

  01-02-2016 13:15
  
  Everything you publish creates a reasonable expectation with your customer.
  
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• 5 ways you can help recruit the next generation of insurance professionals

  01-02-2016 13:00
  
  The insurance industry has a staggering number of job openings and more than a third of those working at agencies and carriers near or at retirement age.
  
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• Obama Administration Advances Retirement Advisor ‘Fiduciary’ Rule

  01-02-2016 12:35
  
  The U.S. Labor Department on Friday took the next step toward requiring brokers who provide retirement advice to follow a “fiduciary” standard of putting clients’ interests first, a move that could roil the financial services industry. The White House’s Office …
  
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• UK watchdog fines, bans individuals linked to insurance for lawyers - euronews

  01-02-2016 12:27 via
  UK watchdog fines, bans individuals linked to insurance for lawyers
  euronews
  LONDON (Reuters) – Britain's financial watchdog fined five individuals and two firms a total of 15.5 million pounds on Monday for significant “integrity and competence failings” in relation to professional indemnity insurance for lawyers. The Financial ...and more »
  

• Hyperion Unit, RKH Specialty, Acquires UK Surety Broker, PMG

  01-02-2016 12:13
  
  Specialty lines broker, RKH Specialty, part of the Hyperion Insurance Group, has acquired the UK’s largest independent specialist Surety broker, PMG Financial Services Ltd., subject to regulatory approval. Barnaby Rugge-Price, CEO of RKH Specialty, commented: “The acquisition of PMG represents …
  
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• Marsh Appoints Davies as Global CEO of Bowring Marsh

  01-02-2016 11:50
  
  Marsh announced with immediate effect the appointment of Tom Davies as global CEO of Bowring Marsh, Marsh’s international wholesale placement broker. Davies previously led Bowring Marsh’s hub in the UK and Ireland. Based in London, Davies has global responsibility for …
  
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• Asian, LatAm Financial Wage Rises Set to Outpace North America, Europe

  01-02-2016 11:40
  
  Financial services salaries are set to rise by 4.3 percent in both Asia and Latin America this year, almost double the average increase forecast for North America and Europe, research published on Monday showed. A survey by consulting firm Mercer …
  
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• Lieutenant Governor Brian Calley to address the Michigan Insurance sector - WLNS

  01-02-2016 11:17 via
  WLNS
  Lieutenant Governor Brian Calley to address the Michigan Insurance sector
  WLNS
  LANSING, MI. (WLNS) – Medical coverage is playing a big part in the race for the White House with candidates promising to repeal, uphold or expand on the Affordable Care Act. Now, Lieutenant Governor Brian Calley plans to unveil a new look at the ...
  

• Dutch Insurer Delta Lloyd Still Faces Solvency II Uncertainties; Rights Issue Ahead

  01-02-2016 10:55
  
  Dutch insurer Delta Lloyd is still discussing aspects of Europe’s new solvency regime with regulators as it prepares a 1 billion euro ($1.1 billion) rights issue to shore up its position. Delta Lloyd’s shares, which dipped 1.5 percent to 5.36 euros on …
  
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• Lloyd’s Open Broker Sessions in Singapore Designed to Speed Placement Process

  01-02-2016 10:43
  
  Lloyd’s has started holding open trading sessions at its Singapore hub, which are designed to speed up insurance placements. The sessions enable brokers to see multiple markets at one time and provide faster turnaround times as quotes are given, lines …
  
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• Chubb Launches Cyber Response Partnership with Crawford for Clients in Europe

  01-02-2016 10:15
  
  Chubb has launched a new partnership with Crawford & Co., as it continues to invest in building its cyber enterprise risk management capabilities. A global leader in claims and crisis management, Crawford & Co. will provide Chubb’s clients with a …
  
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• 2016 Could Be a “Perfect Storm” for California Insurance Sales - Insurance Journal (blog)

  01-02-2016 09:09 via
  2016 Could Be a “Perfect Storm” for California Insurance Sales
  Insurance Journal (blog)
  El Niño may have ushered 2016 in with above average rainfall. However, we may be witnessing the perfect storm for the California insurance industry. The following facts indicate that insurance agents would be wise to help their customers weather the ...
  

• DC's health insurance marketplace extends enrollment - WJLA

  01-02-2016 06:43 via
  WJLA
  DC's health insurance marketplace extends enrollment
  WJLA
  WASHINGTON — Due to the snow storm that hit the D.C. region last week, D.C. Health Link (D.C.'s health insurance marketplace) is extending the 2016 enrollment until 11:59 p.m. on Tuesday, Feb. 2 for D.C. residence. Individuals who meet the new ...and more »
  

• New York Man Gets 15 Years for No-Fault Insurance, Stock Fraud Scheme - Insurance Journal

  01-02-2016 06:42 via
  New York Man Gets 15 Years for No-Fault Insurance, Stock Fraud Scheme
  Insurance Journal
  A Long Island, New York, man was sentenced to 15 years in prison for a $35 million fraud that a judge said wrecked investors' lives. Mikhail Zemlyansky, 39, was led out of a Manhattan courtroom Thursday, Jan. 28, in shackles after U.S. District Judge J ...
  

• New York Man Gets 15 Years for No-Fault Insurance, Stock Fraud Scheme

  01-02-2016 06:41
  
  A Long Island, New York, man was sentenced to 15 years in prison for a $35 million fraud that a judge said wrecked investors’ lives. Mikhail Zemlyansky, 39, was led out of a Manhattan courtroom Thursday, Jan. 28, in shackles …
  
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• Understanding Health Insurance - Jan. 31, 2016: Part 2-Is Medicare alone enough? - NorthJersey.com

  01-02-2016 06:16 via
  Understanding Health Insurance - Jan. 31, 2016: Part 2-Is Medicare alone enough?
  NorthJersey.com
  This week's column will explore where the "gaps" are in Medicare that make having a Medicare Supplement plan so important. Medicare Supplements are designed to fill in the gaps after Medicare and thus minimize your out-of-pocket medical costs.and more »
  

• Tricare Help: Why no insurance cards? - Military Times

  01-02-2016 06:04 via
  Military Times
  Tricare Help: Why no insurance cards?
  Military Times
  Q. Why doesn't Tricare have insurance cards?It would be far simpler than showing a military ID card to hospitals and providers, many of whom have no idea what Tricare is. Loading… Post to Facebook. Tricare Help: Why no insurance cards? Q. Why doesn't ...
  

• Kentucky Stockyard, Other Businesses Destroyed by Massive Fire

  01-02-2016 05:57
  
  A massive fire destroyed a 70-year-old beef cattle auction business in Lexington, Ky., on Saturday, churning up a plume of thick, black smoke that darkened the skies for miles as the wind-whipped flames consumed several nearby businesses. No one was …
  
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• NOAA: Recent Northeast Winter Storm 4th Most Powerful Since 1950

  01-02-2016 05:33
  
  The Jan. 22-24 blizzard was the fourth most powerful snowstorm to hit the Northeast in at least 66 years, the National Oceanic and Atmospheric Administration announced. The agency gave the storm a rating of 7.66 on the Northeast Snowfall Impact …
  
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• Alabama Family to Sue Disney Park Over Death Related to Snake Bite

  01-02-2016 05:24
  
  An Alabama family says an escaped snake at Disney’s Animal Kingdom dropped from a tree and bit a boy, which led to the death of the boy’s grandmother. The family’s attorney, Matt Morgan, said Jan. 28 that the family plans …
  
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• Tennessee County Granted $60M to Improve Flood Protection

  01-02-2016 05:10
  
  Officials say Shelby County, Tennessee, has received a $60 million grant from the federal government for flood protection projects. County officials announced the disaster resilience grant from the U.S. Department of Housing and Urban Development on Jan. 21. Shelby County …
  
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• UCPM Launches Online Environmental Consultants Program

  01-02-2016 04:50
  
  UCPM, Inc., an environmental insurance provider, has entered into an agreement with Rockhill Insurance Co. to offer a comprehensive insurance package for environmental consultants that includes commercial general liability, contractor’s pollution liability, and professional liability coverages. Some highlights include non-owned …
  
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• Wealth-Protection Insurance People Neglect - Wall Street Journal

  01-02-2016 04:01 via
  Wall Street Journal
  Wealth-Protection Insurance People Neglect
  Wall Street Journal
  People are so focused on making money, they often forget to protect their wealth once they have it. It is common to see headlines about the market going up or down, but rarely do we hear about a middle-class person who got sued after a car accident and ...
  

• South Carolina Set Record in December for Gun Purchases, Permits

  01-02-2016 03:47
  
  A record 50,000 South Carolinians sought to either buy guns or carry concealed weapons during December. The statistics came from the FBI criminal background check system, The Post and Courier of Charleston reported. The spike came when President Barack Obama …
  
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• National flood insurance program — who's eligible? - Alton Telegraph

  01-02-2016 03:42 via
  National flood insurance program — who's eligible?
  Alton Telegraph
  JEFFERSON CITY, Mo. — Missouri homeowners, renters and business owners are eligible and encouraged to purchase National Flood Insurance Program (NFIP) policies even if their home or business isn't located in a flood plain or high-risk zone. The NFIP ...and more »
  

• Florida High Court Set to Hear Constitutional Challenge to Workers’ Comp System

  01-02-2016 03:40
  
  The Florida Supreme Court will hear yet another case challenging the constitutionality of the state’s workers’ comp system on April 16, 2016. The case, Daniel Stahl v. Hialeah Hospital, et al., has been making its way through the state courts …
  
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• Texas Company Fined $86K for Trenching Hazards

  01-02-2016 03:17
  
  Federal safety officials have cited a Texas construction company for exposing workers to trenching hazards at a site in Katy. Proposed penalties total $86,240. Five citations were issued by the federal Occupational Safety and Health Administration on Jan. 22 to …
  
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• Kansas City Woman Pleads Guilty to Arson-for-Insurance Charges - Insurance Journal

  01-02-2016 03:09 via
  Kansas City Woman Pleads Guilty to Arson-for-Insurance Charges
  Insurance Journal
  A Kansas City woman has admitted to helping to burn down one home and plotting to burn another for insurance money. The U.S. attorney's office says 35-year-old Tina Shonk pleaded guilty to two federal counts. Through her plea, she admitted to helping ...
  

• Kansas City Woman Pleads Guilty to Arson-for-Insurance Charges

  01-02-2016 03:06
  
  A Kansas City woman has admitted to helping to burn down one home and plotting to burn another for insurance money. The U.S. attorney’s office says 35-year-old Tina Shonk pleaded guilty to two federal counts. Through her plea, she admitted …
  
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• Oklahoma Seeking Federal Disaster Declaration for December Storm

  01-02-2016 03:02
  
  Oklahoma Gov. Mary Fallin is asking the federal government to declare parts of the state as a disaster area following a winter storm that caused flooding and dropped ice and sleet. Fallin sought a major disaster declaration on Jan. 29 …
  
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• 3 Female Chauffeurs Awarded $130K Each in Minnesota Discrimination Case

  01-02-2016 03:00
  
  A federal judge has awarded damages to three Minnesota women who sued after they were dismissed from their chauffeur jobs because a Saudi prince wanted only male drivers. U.S. District Judge Joan Ericksen awarded $130,000 each to Gretchen Cooper, Barbara …
  
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• Oklahoma Governor OKs $1.4M in State Funds for Earthquake Research

  01-02-2016 02:54
  
  Gov. Mary Fallin approved the use of nearly $1.4 million in state emergency funds for state agencies working to reduce the increasing number of earthquakes that have been linked to the disposal of oil and gas wastewater in Oklahoma. Speaking …
  
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