Insurance news

• Allstate reduces homeowner insurance rates 12.6% - OCRegister

  17-02-2016 23:57 via
  OCRegister
  Allstate reduces homeowner insurance rates 12.6%
  OCRegister
  Homeowners may have just caught a break. Allstate Insurance Company will reduce its homeowner insurance rates statewide by an average of 12.6, retroactively effective Feb.1, insurance commissioner Dave Jones announced Wednesday. , JEBB HARRIS, ...and more »
  

• State Board Votes To Further Explore Self-Insurance - Wisconsin Public Radio News

  17-02-2016 23:31 via
  State Board Votes To Further Explore Self-Insurance
  Wisconsin Public Radio News
  Wisconsin's Group Insurance Board has agreed to explore having self-insured health plans for state workers. Members voted unanimously Wednesday to ask for bids from companies to help the state transition away from its current model. With self-insurance ...and more »
  

• Insurers back greater flexibility in using drones to assess disasters - Business Insurance

  17-02-2016 23:28 via
  Insurers back greater flexibility in using drones to assess disasters
  Business Insurance
  National insurance organizations say they favor an amendment in legislation that would allow insurers to disregard certain federal and state rules in using drones to assess damage in the wake of disasters. Currently, unmanned aircraft systems require ...and more »
  

• The Downside of High Deductible Health Insurance - ConsumerReports.org

  17-02-2016 23:22 via
  The Downside of High Deductible Health Insurance
  ConsumerReports.org
  High deductible health insurance plans were supposed to help consumers cut healthcare costs. The idea was that since consumers would have to pay a large chunk of their own money for medical care before insurance kicks in, they would shop around to get ...and more »
  

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• Oscar debuts in California with extremely low enrollment - ModernHealthcare.com

  17-02-2016 22:56 via
  Oscar debuts in California with extremely low enrollment
  ModernHealthcare.com
  Oscar Insurance Corp. expanded to California this year. But the New York-based startup health insurer, known for its tech-based philosophy and subway ads, enrolled very few people. A little more than 2,000 Californians selected an Oscar health plan on ...and more »
  

• Time running out for proposals to stem insurance abuse - Sun Sentinel

  17-02-2016 22:35 via
  Sun Sentinel
  Time running out for proposals to stem insurance abuse
  Sun Sentinel
  The clock keeps ticking on proposals aimed at preventing repair contractors from gouging property insurance companies. The state Senate Judiciary Committee met late Tuesday afternoon but adjourned without considering a bill that would impose sharp ...and more »
  

• Global warming crushes records. Again.

  17-02-2016 22:22
  
  For the surface of planet Earth, 2015 was the hottest year on record by a stunning margin. But already, 2016 is on track to beat it.
  
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• Pomona woman accused of writing fake life insurance policies for the commissions - Inland Valley Daily Bulletin

  17-02-2016 22:16 via
  Pomona woman accused of writing fake life insurance policies for the commissions
  Inland Valley Daily Bulletin
  Teresa Marie Davis, 52, is accused of writing bogus life insurance policies to collect the commissions. By Staff reports. Posted: 02/17/16, 1:08 PM PST | Updated: 34 secs ago. # Comments. POMONA >> A Pomona woman is behind bars, accused of pulling off ...
  

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• St. Louis tops Missouri cities for highest car insurance rates - STLtoday.com

  17-02-2016 21:10 via
  STLtoday.com
  St. Louis tops Missouri cities for highest car insurance rates
  STLtoday.com
  The average car insurance policy in Missouri is $484 a year, but that number, of course, varies by where you live — and if you call St. Louis home, you're paying the most of any driver statewide. That was the result of a study by ValuePenguin, a ...
  

• Things Your Life Insurance Agent Won't Tell You - NerdWallet (blog)

  17-02-2016 20:16 via
  Things Your Life Insurance Agent Won't Tell You
  NerdWallet (blog)
  For a long time, people have been ill-served by unnecessary or overly expensive life insurance policies. Even now, the majority of folks in the market for life insurance are falling into the same old traps as the last generation. That's why I put ...and more »
  

• Insurance Customer Experience Innovation: 5 Disruptive Examples - Customer Think

  17-02-2016 19:59 via
  Customer Think
  Insurance Customer Experience Innovation: 5 Disruptive Examples
  Customer Think
  Today, virtually every industry is ripe for disruption. The $3.7 trillion insurance industry is no exception. In many ways a perceptually commoditized business, those companies that win – like the famously customer centric USAA – are those that create ...
  

• Cheapest Car Insurance in Arizona - NerdWallet (blog)

  17-02-2016 19:04 via
  Cheapest Car Insurance in Arizona
  NerdWallet (blog)
  If you're looking for cheap car insurance quotes in Arizona, shopping around is key. Rates fluctuate from one company to the next, and based on personal factors such as age, ZIP code and credit history. It's a lot to keep track of, but NerdWallet has ...and more »
  

• Lawsuit Says N.J.’s Post-Sandy Coastal Zone Rules ‘Don’t Make Sense’

  17-02-2016 18:58
  
  Some New Jersey residents and environmental groups are suing to try to block the state’s new rules governing coastal development in the wake of Superstorm Sandy, saying they allow too many people and buildings to be put in harm’s way …
  
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• United Community Financial Corp. Acquires James & Sons Insurance - Insurance Journal

  17-02-2016 18:57 via
  United Community Financial Corp. Acquires James & Sons Insurance
  Insurance Journal
  United Community Financial Corp., holding company of The Home Savings and Loan Co., has completed its acquisition of James & Sons Insurance in Youngstown, Ohio. This transaction marks the initial step in the formation of The Home Savings Insurance ...
  

• United Community Financial Corp. Acquires James & Sons Insurance

  17-02-2016 18:56
  
  United Community Financial Corp., holding company of The Home Savings and Loan Co., has completed its acquisition of James & Sons Insurance in Youngstown, Ohio. This transaction marks the initial step in the formation of The Home Savings Insurance Group. …
  
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• Quickly Calculate How Much Life Insurance You Need With The 20-20 Plan - Lifehacker Australia

  17-02-2016 18:51 via
  Lifehacker Australia
  Quickly Calculate How Much Life Insurance You Need With The 20-20 Plan
  Lifehacker Australia
  Life insurance is an easy thing to brush off. It seems like something you do later in life, and it also seems complicated. To get the ball rolling and make sure your loved ones are protected, financial planner Carl Richards suggests what he calls “the ...and more »
  

• 6 Appointed to Texas FAIR Plan Governing Committee

  17-02-2016 18:51
  
  Texas Commissioner of Insurance David Mattax made six appointments to the state’s Fair Access to Insurance Requirements (FAIR) Plan governing committee. The FAIR plan provides residential property insurance in underserved areas where it’s not readily available through the private market. …
  
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• Demotech Affirms Ratings of Midwest Public Entity Pools

  17-02-2016 18:49
  
  Ohio-based Demotech Inc. recently affirmed the financial stability ratings (FSRs) assigned to six self-funded public entity pools in the Midwest. Demotech reviews and rates more than 415 insurers, writing every line of property/casualty insurance in the US, District of Columbia, …
  
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• Insurance ETFs Benefiting From Decent Q4 Earnings - Seeking Alpha

  17-02-2016 18:45 via
  Insurance ETFs Benefiting From Decent Q4 Earnings
  Seeking Alpha
  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 »
  

• California reports 49 million records breached in four years

  17-02-2016 18:44
  
  More than 49 million personal information records of California residents were compromised in 657 data breaches from 2012 to 2015.
  
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• Cheapest Car Insurance in Idaho - NerdWallet (blog)

  17-02-2016 18:42 via
  NerdWallet (blog)
  Cheapest Car Insurance in Idaho
  NerdWallet (blog)
  If you're looking for the cheapest car insurance in Idaho, you probably know that costs vary widely depending on a variety of factors including your age, gender and ZIP code. To help Gem State drivers in their quest for the best deal, NerdWallet ...
  

• LevelFirst Names Moeser as EVP; Adds Sherman as Services Manager

  17-02-2016 18:41
  
  Dallas-based wholesale insurance broker and managing general agent, LevelFirst, announced that April Moeser has been named executive vice president. With more than 25 years of experience in commercial insurance sales, marketing, underwriting and claims, Moeser is charged with the primary …
  
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• Level39 Look Out -- Des Moines Has Its Own Fintech Accelerator-- For Insurance - Forbes

  17-02-2016 18:37 via
  Forbes
  Level39 Look Out -- Des Moines Has Its Own Fintech Accelerator-- For Insurance
  Forbes
  The Global Insurance Accelerator (GIA) in Des Moines, Iowa has launched its second program for insurance technology startups. This year's program attracted twice as many applications as last year's. The GIA chose six startups across auto, property and ...
  

• Woman burns her home to try to get insurance, deputies say - WYFF Greenville

  17-02-2016 18:36 via
  WYFF Greenville
  Woman burns her home to try to get insurance, deputies say
  WYFF Greenville
  EASLEY, S.C. —A 67-year-old woman is facing charges after investigators say she set fire to home to try to collect insurance money. More News. One dead, police searching for... SCHP: 1 person dead, 3 injured in... Upstate pastor: Half my congregation.
  

• Degner Named Marketing Director at Robertson Ryan & Associates

  17-02-2016 18:36
  
  Milwaukee, Wis.-based independent insurance agency, Robertson Ryan & Associates Inc., has hired Allan Degner as marketing director, responsible for corporate marketing operations, branding, advertising and public relations. Degner has nine years of marketing experience and formerly handled marketing operations, branding, …
  
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• Cheapest Car Insurance in Louisiana - NerdWallet (blog)

  17-02-2016 18:05 via
  Cheapest Car Insurance in Louisiana
  NerdWallet (blog)
  Finding cheap Louisiana auto insurance isn't always as simple as getting a quote and signing up. Rates for a single policy can fluctuate significantly from one insurer to the next, so finding the best price means having patience and comparing as many ...and more »
  

• Cheapest Car Insurance in Kentucky - NerdWallet (blog)

  17-02-2016 17:50 via
  Cheapest Car Insurance in Kentucky
  NerdWallet (blog)
  It's important to shop around when looking for cheap Kentucky auto insurance. Rates for a single policy can change dramatically from one company to the next, so consumers benefit from comparing as many estimates as possible. To make things easier, ...and more »
  

• Former Citigroup Head, Weill, Steps Down as Chairman of Hamilton Insurance - Insurance Journal

  17-02-2016 17:42 via
  Chicago Tribune
  Former Citigroup Head, Weill, Steps Down as Chairman of Hamilton Insurance
  Insurance Journal
  Sanford “Sandy” Weill, the former head of Citigroup Inc., has stepped down as chairman of Hamilton Insurance Group, the Bermuda-based company backed by quantitative hedge fund firm Two Sigma Investments. Weill, 82, is retiring effective immediately, ...
  Sandy Weill Retires as Chairman of Hamilton Insurance GroupNasdaqall 12 news articles »
  

• Former Citigroup Head, Weill, Steps Down as Chairman of Hamilton Insurance

  17-02-2016 17:40
  
  Sanford “Sandy” Weill, the former head of Citigroup Inc., has stepped down as chairman of Hamilton Insurance Group, the Bermuda-based company backed by quantitative hedge fund firm Two Sigma Investments. Weill, 82, is retiring effective immediately, and will be replaced …
  
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• If You Want Life Insurance, Think Twice Before Getting A Genetic Test - Fast Company

  17-02-2016 17:35 via
  Fast Company
  If You Want Life Insurance, Think Twice Before Getting A Genetic Test
  Fast Company
  As genetic testing explodes, health insurers are banned from denying coverage based on results. The same doesn't apply for life insurance. [Photo: NASA, Goddard, Chris Gunn]. Advertisement. Christina Farr 02.17.16 6:06 AM. Jennifer Marie* should be an ...and more »
  

• Propel Insurance Acquires United Risk Solutions in Oregon

  17-02-2016 17:20
  
  Propel Insurance has acquired Medford, Ore.-based United Risk Solutions. United Risk specializes in complex accounts, including the timber and trucking industries, commercial insurance, workers’ compensation, employee benefits and bonding. Propel provides property/casualty, risk management, workers’ comp, employee benefits, personal insurance …
  
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• California Commissioner, Allstate Agree to Homeowner Rate Reduction

  17-02-2016 17:19
  
  California Insurance Commissioner Dave Jones has reached an agreement with Allstate Insurance Co. and Allstate Indemnity Insurance to reduce the carrier’s homeowner insurance rates statewide by an average of 12.6 percent. The average annual decrease is roughly $230. The rate …
  
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• Sandy Weill Retires as Chairman of Hamilton Insurance Group - Nasdaq

  17-02-2016 17:17 via
  PR Newswire (press release)
  Sandy Weill Retires as Chairman of Hamilton Insurance Group
  Nasdaq
  Hamilton Insurance Group said Sanford "Sandy" Weill, the former Citigroup Inc. chief executive, is retiring as the re-insurer's chairman but will continue to serve the company as a consultant. Chief Executive and longtime insurance industry veteran ...
  Sandy Weill Retires as Chairman of Hamilton Insurance Group; Will Serve as ConsultantPR Newswire (press release)all 8 news articles »
  

• Injured employees can keep damages paid by third parties, Massachusetts court rules

  17-02-2016 17:15
  
  Injured employees' recovery for pain and suffering are exempt from recovery by Workers' Compensation carrier, the Massachusetts Supreme Judicial Court rules.
  
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• USI Insurance Services Further Strengthens Personal Risk Services Market in Southeast with Acquisition of Best ... - PR Newswire (press release)

  17-02-2016 17:09 via
  USI Insurance Services Further Strengthens Personal Risk Services Market in Southeast with Acquisition of Best ...
  PR Newswire (press release)
  VALHALLA, N.Y., Feb. 17, 2016 /PRNewswire/ -- USI Insurance Services ("USI") has acquired Best Insurance, located in Tamarac, Florida. Best Insurance offers a wide range of personal insurance products, including homeowners, automobile, motorcycle, ...and more »
  

• PCI Hails Consumer Benefit of Alaska's Proposed Insurance Law - Insurance Journal

  17-02-2016 17:06 via
  PCI Hails Consumer Benefit of Alaska's Proposed Insurance Law
  Insurance Journal
  Alaska consumers will benefit from a proposed law that will enable insurers to use insurance scoring when a homeowner or auto policy is renewed, according to the Property Casualty Insurers Association of America. SB 127 was passed out of the Senate ...and more »
  

• PCI Hails Consumer Benefit of Alaska’s Proposed Insurance Law

  17-02-2016 17:03
  
  Alaska consumers will benefit from a proposed law that will enable insurers to use insurance scoring when a homeowner or auto policy is renewed, according to the Property Casualty Insurers Association of America. SB 127 was passed out of the …
  
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• Montana Jury Rules against Woman’s Wrongful-Birth Suit

  17-02-2016 16:56
  
  A Montana jury has ruled against a woman who sought millions of dollars from health care providers that she said failed to diagnose her unborn daughter’s cystic fibrosis. Kerrie Evans of Gardiner had testified that she would have had an …
  
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• California: 49M Records Breached in 4 Years

  17-02-2016 16:53
  
  More than 49 million personal information records of California residents were compromised in 657 data breaches from 2012 to 2015, state Attorney General Kamala Harris said in a report citing tips on how people and businesses can protect themselves. Harris …
  
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• Schulfer: A look at old insurance policies - Stevenspointjournal

  17-02-2016 16:50 via
  Stevenspointjournal
  Schulfer: A look at old insurance policies
  Stevenspointjournal
  When is the last time you've had your life insurance policy reviewed? As with all types of business, the life insurance industry has evolved. There are things we can do with life insurance today that could not be done years ago. One of my favorite ways ...
  

• Insurance 101: Review Your Insurance Policy at Renewal - Fox Business

  17-02-2016 16:13 via
  Fox Business
  Insurance 101: Review Your Insurance Policy at Renewal
  Fox Business
  Home insurance can be confusing. Policies are customized to fit the needs of each policyholder, so coverage can vary widely. If you've never read your policy cover to cover, stop what you're doing and find the time to do so. Continue Reading Below.
  

• Aon Model Offers Insurers 7.5 Million U.S. Thunderstorm Scenarios for Loss Estimating

  17-02-2016 15:05
  
  Aon Benfield’s catastrophe model development team, Impact Forecasting, has launched a U.S. severe thunderstorm (STS) scenario model that it says can help insurers more accurately estimate annual losses based on historical data. Severe thunderstorms can produce damaging winds in excess …
  
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• Aon Loss Model Offers Insurers 7.5 Million U.S. Thunderstorm Scenarios

  17-02-2016 15:05
  
  Aon Benfield’s catastrophe model development team, Impact Forecasting, has launched a U.S. severe thunderstorm (STS) scenario model that it says can help insurers more accurately estimate annual losses based on historical data. Severe thunderstorms can produce damaging winds in excess …
  
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• 13 Insurance Stocks to Buy Now - Investorplace.com

  17-02-2016 14:45 via
  13 Insurance Stocks to Buy Now
  Investorplace.com
  This week, 13 Insurance stocks are improving their overall rating on Portfolio Grader. Each of these rates an “A” (“strong buy”) or “B” overall (“buy”). This week, Arch Capital Group Ltd.'s (ACGL) ratings are up from a B last week to a A. Arch Capital ...and more »
  

• Roberts Pushes Outreach, Education to Counter Attacks on Crop Insurance - KTIC

  17-02-2016 14:41 via
  KTIC
  Roberts Pushes Outreach, Education to Counter Attacks on Crop Insurance
  KTIC
  Roberts Pushes Outreach, Education to Counter Attacks on Crop Insurance | KTIC Radio ...
  

• A look at environmental risks for property owners

  17-02-2016 14:00
  
  New emerging risks such as microbial contamination or secondary contamination are becoming major contributors to environmental risk claims.
  
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• Health insurance is sticking point in NJ Transit negotiations - NJ.com

  17-02-2016 13:58 via
  NJ.com
  Health insurance is sticking point in NJ Transit negotiations
  NJ.com
  Health care insurance is the biggest hurdle to a new labor agreement between NJ Transit and rail unions as the clock ticks down to a March 13 deadline, when workers can strike or management can lock them out. Both sides return to the bargaining table ...and more »
  

• The mandatory insurance that can leave amateur footballers on £30 a week - The Guardian

  17-02-2016 13:53 via
  The Guardian
  The mandatory insurance that can leave amateur footballers on £30 a week
  The Guardian
  Amateur and semi-professional players have questioned the level of financial protection they receive from mandatory personal accident insurance amid concerns many are unaware what they are entitled to claim until after sustaining a serious injury.
  

• Around the P&C insurance industry: Feb. 17, 2016

  17-02-2016 13:45
  
  News from ACT, IMCA, Farmers Insurance and more.
  
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• What to think about when signing a new insurance policy - WDBJ7

  17-02-2016 13:34 via
  WDBJ7
  What to think about when signing a new insurance policy
  WDBJ7
  Now that this winter storm has moved out of our area many people are thankful they made it through without any damage. But there are plenty of others who weren't so lucky, and are now dealing with quite the headache. Show Transcript Hide Transcript.and more »
  

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