Insurance news

• Flood insurance is the hot new thing after El Niño rains - SFGate

  16-02-2016 23:54 via
  SFGate
  Flood insurance is the hot new thing after El Niño rains
  SFGate
  Federal emergency officials reported Tuesday a surge in the number of California residents who have purchased flood insurance, most likely in response to a rainy El Niño winter. Officials with the Federal Emergency Management Agency said insurers have ...
  With strong El Niño, California sees sharp uptick in flood insurance plans89.3 KPCC
  El Niño Has Californians Buying Flood Insurance In Reco
  

• People news: Stephanie Null joins insurance agency in Yelm - The Olympian

  16-02-2016 23:53 via
  The Olympian
  People news: Stephanie Null joins insurance agency in Yelm
  The Olympian
  Stephanie Null has joined Ronelle Funk Insurance Agency in Yelm as a business insurance specialist. Null was previously based in Merced, California, where she spent two years selling personal and commercial lines of insurance for a buisness called ...
  

• With strong El Niño, California sees sharp uptick in flood insurance plans - 89.3 KPCC

  16-02-2016 23:49 via
  89.3 KPCC
  With strong El Niño, California sees sharp uptick in flood insurance plans
  89.3 KPCC
  File: El Niño storms flood the Russian River in California in March, 1998. With another extremely strong El Niño pattern in the 2015-2016 season, more than 50,000 people across the state applied to the National Flood Insurance Program during the last ...
  Flood insurance is the hot new thing after El Niño rainsSFGate
  El Niño Has Californians Buying Flood Insurance In
  

• Life Insurance Definition - NerdWallet (blog)

  16-02-2016 22:51 via
  Life Insurance Definition
  NerdWallet (blog)
  Life insurance pays out a sum of money upon your death to those you have designated as beneficiaries, giving them a financial safety net. You can provide this safety net to take care of a variety of debts or other obligations, present or future. For ...and more »
  

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• McKool Smith Launches Insurance Recovery Practice - PR Newswire (press release)

  16-02-2016 22:24 via
  PR Newswire (press release)
  McKool Smith Launches Insurance Recovery Practice
  PR Newswire (press release)
  NEW YORK, Feb. 16, 2016 /PRNewswire/ -- McKool Smith has announced the launch of the firm's insurance recovery litigation practice with the joining of 14 attorneys, including seven principals, two senior counsel, and five associates, led by preeminent ...and more »
  

• Staying Safe: Do You Have the Right Business Insurance Coverage? - Business.com

  16-02-2016 22:22 via
  Business.com
  Staying Safe: Do You Have the Right Business Insurance Coverage?
  Business.com
  If you've never bought business insurance or consider it a burden rather than a benefit, you may be wondering how to buy the correct type of insurance for your small business. While insurance premiums may seem like sending money into the abyss, the ...
  

• Analysts Suggest Google's Parent Should Acquire AIG - Fortune

  16-02-2016 21:51 via
  Fortune
  Analysts Suggest Google's Parent Should Acquire AIG
  Fortune
  It's a long shot but a good idea, they say. One group of analysts believes Google's parent company should bet big on financial services and acquire AIG, the nearly century-old insurance company. The idea would be for Alphabet GOOGL 1.52% to acquire the ...and more »
  

• U.S. Risk Hires Guadagno as EVP of Binding Operations in New York

  16-02-2016 21:43
  
  U.S. Risk Insurance Group Inc. has hired John L. Guadagno as executive vice president of Binding Operations for its affiliate company, U.S. Risk Underwriters. At U.S. Risk, Guadagno’s focus will primarily be Contract Binding Operations. He will be based in …
  
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• Narragansett Bay Hires McLaughlin as Connecticut Territory Manager

  16-02-2016 21:26
  
  Narragansett Bay Insurance Company (NBIC) has hired Brendan McLaughlin as the company’s assistant vice president – Connecticut territory manager. In this position, McLaughlin will be responsible for developing and maintaining strong partnerships with NBIC’s agents and industry associations, driving profitable …
  
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• Human trafficking could be risk in your supply chain

  16-02-2016 20:40
  
  Businesses that rely on lackluster enforcement to avoid liability are taking a huge risk. Enforcement policies are changing, subjecting companies to potential criminal liability.
  
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• United Community Financial Corp. Completes Acquisition of James & Sons Insurance - Business Wire (press release)

  16-02-2016 19:42 via
  United Community Financial Corp. Completes Acquisition of James & Sons Insurance
  Business Wire (press release)
  YOUNGSTOWN, Ohio--(BUSINESS WIRE)--United Community Financial Corp. (Nasdaq: UCFC), holding company of The Home Savings and Loan Company, announced that it completed its acquisition of James & Sons Insurance on January 29, 2016.and more »
  

• Survey: More people who use Airbnb don't want to go back to hotels

  16-02-2016 19:30
  
  The findings from Goldman Sachs show consumers are overcoming hesitancy about peer-to-peer lodging and giving such accommodations a try.
  
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• EMC Insurance Q4 Earnings in Line with Estimates, Down Y/Y - Zacks.com

  16-02-2016 19:22 via
  EMC Insurance Q4 Earnings in Line with Estimates, Down Y/Y
  Zacks.com
  EMC Insurance Group Inc. (EMCI - Snapshot Report) reported fourth-quarter 2015 operating income of 65 cents a share, in line with the Zacks Consensus Estimate. Earnings, however, decreased 14.5% from the year-ago quarter. Including net realized ...and more »
  

• Canada's Largest Provider of P&C Insurance, Intact Financial Corporation, Makes Strategic Investment in Metromile - PR Newswire (press release)

  16-02-2016 19:02 via
  Canada's Largest Provider of P&C Insurance, Intact Financial Corporation, Makes Strategic Investment in Metromile
  PR Newswire (press release)
  SAN FRANCISCO, Feb. 16, 2016 /PRNewswire/ -- Today, Metromile, a pioneer in pay-per-mile car insurance in the United States, announced that Intact Financial Corporation (TSX: IFC) has made a strategic investment in Metromile. IFC is the largest ...and more »
  

• Midwest Group Challenges Peabody Energy’s Plan to Self-Bond Mines

  16-02-2016 18:51
  
  A Midwestern environmental group has followed through on its promise to formally challenge Peabody Energy’s ability to guarantee it has enough money for future cleanup of its Illinois and Indiana coal mines. The Environmental Law and Policy Center in Chicago …
  
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• Penn. Intergovernmental Risk Management Association’s Rating Affirmed

  16-02-2016 18:47
  
  Demotech Inc. has affirmed the “AAA” Financial Stability Rating (FSR) assigned to Pennsylvania Intergovernmental Risk Management Association (PIRMA), a self-funded public entity pool. Demotech said PIRMA is a local government risk pool that offers comprehensive liability and property coverages specially …
  
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• Multi-State License Bill Aims to Ease Nursing Shortage in Oklahoma

  16-02-2016 18:46
  
  Some nurses would be able to cross the border into or out of Oklahoma without getting a new professional license under legislation approved by the Oklahoma House of Representatives Appropriations and Budget Subcommittee on Health. House Bill 2482, by state …
  
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• AIG dealmaker Brian Schreiber exits as insurer shrinks

  16-02-2016 18:45
  
  Insurance giant's chief strategy officer joined the company in 1997 under Hank Greenberg.
  
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• MJ Insurance Hires Bell as Employee Benefits Communication Specialist

  16-02-2016 18:35
  
  Indianapolis-based MJ Insurance has added Kirsten Bell as an employee benefits communications specialist, a newly created position. Bell will be responsible for expanding the Benefits Consulting communication offering and client Learning Center. Prior to joining MJ, Bell served as an …
  
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• School board $1 health insurance vote means nothing for 2016 - FOX19

  16-02-2016 18:28 via
  School board $1 health insurance vote means nothing for 2016
  FOX19
  After voting to give itself full health insurance coverage for $1 a year, the Switzerland County School Corporation board voted Monday night to undo the January vote. That January move allowed board members to receive full health, dental and vision ...and more »
  

• Minnesota: Exams of 16 Life Insurers Find $174M in Unpaid Benefits, So Far

  16-02-2016 18:28
  
  Minnesota Commerce Commissioner Mike Rothman announced that his department has reached settlement agreements with three more life insurance companies that owed money to Minnesotans for unpaid insurance policies, annuity contracts and retained asset accounts. The settlements bring to $174 million …
  
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• 5.1M Quake Among Latest Swarm of Temblors in Oklahoma

  16-02-2016 18:22
  
  A 5.1 magnitude earthquake shook northwest Oklahoma and was felt in seven other states on Feb. 13, the U.S. Geological Survey said, the third-strongest temblor ever recorded in the state where the power and frequency of earthquakes has dramatically increased …
  
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• Arkansas Commissioner: Cuts Mean Military Members Should Buy Renter's Insurance - Insurance Journal

  16-02-2016 18:18 via
  Arkansas Commissioner: Cuts Mean Military Members Should Buy Renter's Insurance
  Insurance Journal
  The state's insurance commissioner says members of the military stationed in Arkansas should consider buying renter's insurance because the Basic Allowance for Housing no longer covers it. Insurance Commissioner Allen Kerr said that last year, Congress ...
  

• Arkansas Commissioner: Cuts Mean Military Members Should Buy Renter’s Insurance

  16-02-2016 18:17
  
  The state’s insurance commissioner says members of the military stationed in Arkansas should consider buying renter’s insurance because the Basic Allowance for Housing no longer covers it. Insurance Commissioner Allen Kerr said that last year, Congress reduced rates for the …
  
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• Starr Companies Expand Travel Insurance Services to Cuba - Insurance Journal

  16-02-2016 18:06 via
  Starr Companies Expand Travel Insurance Services to Cuba
  Insurance Journal
  Starr Companies has expanded the availability of its travel insurance and assistance services for travel to Cuba. These plans provide trip cancellation and trip interruption insurance as well as accident and sickness benefits. In addition, the plans ...
  

• Starr Companies Expand Travel Insurance Services to Cuba

  16-02-2016 18:05
  
  Starr Companies has expanded the availability of its travel insurance and assistance services for travel to Cuba. These plans provide trip cancellation and trip interruption insurance as well as accident and sickness benefits. In addition, the plans provide the coordination …
  
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• Costs, changes lead insurance enrollment to fall short - Daily Record

  16-02-2016 18:04 via
  Daily Record
  Costs, changes lead insurance enrollment to fall short
  Daily Record
  The number of people who signed up for health insurance for 2016 on the state and federal exchanges was up to 40 percent lower than earlier government and private estimates, which some say is evidence that the plans are too expensive and that people ...
  

• Quotemehappy? No, I'm furious: Insurance site loses customer details - The Register

  16-02-2016 18:03 via
  The Register
  Quotemehappy? No, I'm furious: Insurance site loses customer details
  The Register
  Aviva-owned online-only insurance business Quotemehappy.com has informed customers that there has been a data breach at its website. Quotemehappy announced that it had "recently" lost a "small number" of customers' details, comprising "vehicle ...
  

• IDT911 Enhances Data Breach Services for Commercial Insureds

  16-02-2016 17:49
  
  IDT911 has enhanced its DataRiskStages data breach mitigation and remediation service for insurance companies and their commercial policyholders. The DataRiskStages platform has been enriched with three new features: Ins.breachresponse.com to help avoid and manage a breach, CyberClaims911  for more efficient …
  
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• Baltimore Businesses OK’d for $165K in Riot Recovery Loans

  16-02-2016 17:44
  
  The U.S. Small Business Administration has approved more than $165,000 in economic injury loans to help 38 Baltimore, Maryland-area small businesses and nonprofits recover from civil unrest related to the death of Freddie Gray. The numbers released on Feb. 12 …
  
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• Former Celtics executive in new insurance management role - The Advocate

  16-02-2016 17:38 via
  The Advocate
  Former Celtics executive in new insurance management role
  The Advocate
  Steve Schram's unusual career from president of the Boston Celtics to now selling umbrella/gap insurance to the ultrawealthy at Gowrie Group in Darien. less. Steve Schram's unusual career from president of the Boston Celtics to now selling umbrella/gap ...
  

• For Auto insurers, the rate is there but where's the profit?

  16-02-2016 17:15
  
  The number of claims are increasing along with the cost per claim. And this trend shows no sign of slowing down.
  
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• Rural Oregon Area Suspends Fire Service Due to Insurance Lapse

  16-02-2016 17:04
  
  The Lakeside Rural Fire Protection District in Oregon has suspended emergency operations because of a lapse in its insurance policy. Acting fire district chairman Ralph Dotson tells The World newspaper of Coos Bay that the station has been closed and …
  
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• Colorado Town Sees Flood Cleanup Nearing An End

  16-02-2016 17:02
  
  One by one, homes at in a flood-ravaged foothills town near Boulder are being demolished. Two and a half years after the flood, some Lyons residents are finally getting the federal buyouts they applied for, reported The Daily Camera. But …
  
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• Huge insurance mergers inch toward approval - CNBC

  16-02-2016 17:00 via
  CNBC
  Huge insurance mergers inch toward approval
  CNBC
  The four major health insurers currently pushing for mergers — Aetna and Humana, and Anthem and Cigna — are still a long way from gaining federal approval. But they say they're optimistic their respective deals will close by year-end, in part because ...
  Aetna gets Florida insurance regulator's approval for Humana dealBusiness Insurance
  Florida Insurance Regulator Approves Aetna's Acquisition of HumanaWall Street Journal
  Watchdog
  

• M4.1 Earthquake Hits Hawaii’s Big Island

  16-02-2016 16:59
  
  A magnitude-4.1 earthquake jolted the southern flank of Hawaii’s Kilauea volcano. The U.S. Geological Survey the quake last week was centered about 26 miles south of Hilo on the Big Island. It hit at 9:23 a.m. There were no reports …
  
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• Florida Reaches 20 Reported Cases of Zika Virus

  16-02-2016 16:57
  
  Health officials say 20 cases of the Zika virus have been reported in Florida. The Florida Department of Health announced the new total Friday afternoon. Seven cases were reported in Miami-Dade County, and three each were reported in Broward, Hillsborough …
  
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• Should Google’s Parent Buy AIG?

  16-02-2016 16:54
  
  It’s an “audacious” idea, and Citigroup Inc. acknowledges as much. Google’s parent, Alphabet Inc., should buy American International Group Inc. to expand into financial services, and turn the insurer into a laboratory for innovation, the New York- based bank’s analysts …
  
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• LP Insurance Services Hires Krauser in Nevada - Insurance Journal

  16-02-2016 16:45 via
  LP Insurance Services Hires Krauser in Nevada
  Insurance Journal
  Krauser is responsible for developing new business relationships as well as retaining and servicing existing clients. Krauser, formerly of Edgewood Partners Insurance Center in Reno, has been in the insurance industry throughout the Truckee Meadows for ...
  

• Fire Destroys 184-Year-Old Landmark General Store in Kentucky

  16-02-2016 16:44
  
  A fire has destroyed a northern Kentucky landmark – the 184-year-old Rabbit Hash General Store in Boone County. Media outlets report the fire was reported at 9:15 p.m. Saturday. No one was injured. Bellevue-McVille Fire Chief Jeff Herms said the …
  
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• LP Insurance Services Hires Krauser in Nevada

  16-02-2016 16:43
  
  LP Insurance Services Inc. has hired Ryan Krauser on its Northern Nevada sales team. Krauser is responsible for developing new business relationships as well as retaining and servicing existing clients. Krauser, formerly of Edgewood Partners Insurance Center in Reno, has …
  
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• Takata Engineer Pleads 5th Amendment in Florida Air Bag Lawsuit

  16-02-2016 16:18
  
  A Takata Corp. engineer involved in testing the company’s air bags invoked his constitutional right against self-incrimination in declining to testify in a lawsuit brought by a woman left paralyzed in a 2014 accident. Lawyers for accident victims claim Takata …
  
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• Insurance Marketing Awards Show Now Accepting Submissions - Insurance Journal

  16-02-2016 16:03 via
  Insurance Marketing Awards Show Now Accepting Submissions
  Insurance Journal
  The Insurance Marketing and Communications Association (IMCA) announced its 2016 Showcase Awards program is open for submissions through March 31, 2016. IMCA's Showcase Awards recognize the “most effective and innovative work” from insurance ...
  

• Insurance Marketing Awards Show Now Accepting Submissions

  16-02-2016 15:58
  
  The Insurance Marketing and Communications Association (IMCA) announced its 2016 Showcase Awards program is open for submissions through March 31, 2016. IMCA’s Showcase Awards recognize the “most effective and innovative work” from insurance marketing and communications professionals, according to Mark …
  
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• Insurance ETFs Benefiting from Decent Q4 Earnings - Zacks.com

  16-02-2016 15:53 via
  Insurance ETFs Benefiting from Decent Q4 Earnings
  Zacks.com
  Though the financial sector has been on a rough ride this year, especially on plunging oil prices, global growth concerns and reduced likelihood of frequent interest rate hikes, Q4 earnings are faring well so far. Total earnings for 77.9% of the sector ...and more »
  

• Coast Guard Probe Into Sinking of El Faro Cargo Ship Gets Underway

  16-02-2016 15:13
  
  The U.S. Coast Guard begins hearings on Tuesday to investigate whether misconduct or negligence were factors in the sinking of the cargo ship El Faro during a hurricane last fall, an accident that left the vessel’s 33 crew members dead. …
  
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• Transition to chip cards exposes merchants to new liabilities

  16-02-2016 13:15
  
  On Oct. 1 of last year, the liability for counterfeit credit cards moved from the card issuers to merchants.
  
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• Despite Obamacare, Insurance Disparities Persist In Kansas - KCUR

  16-02-2016 13:06 via
  KCUR
  Despite Obamacare, Insurance Disparities Persist In Kansas
  KCUR
  Nearly 90 percent of the patients at HealthCore Clinic in Wichita live at or below the federal poverty level. Bryan Thompson / Heartland Health Monitor. Listen. Listening... /. 4:01. A recent national report credits the Affordable Care Act, or ...
  

• The invisible killer: Carbon monoxide safety tips for your home and car

  16-02-2016 13:00
  
  More deaths from carbon monoxide exposure occur in the winter months than at any other time.
  
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• AIG Takes More Off Top: Schreiber, Maag Out

  16-02-2016 12:39
  
  American International Group Inc. veteran Brian Schreiber, who shepherded multibillion-dollar deals that expanded the company and then shrank it after the 2008 credit crisis, is departing as the insurer overhauls management. Seraina Maag, who rose to oversee regional operations after …
  
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