Insurance news

• DVIC graduates three from disabled veterans program

  18-02-2016 23:15
  
  Three American heroes earn Certified Insurance Service Representative designations.
  
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• Climate Change’s No Justice, No Pancake No Fly Zone

  18-02-2016 22:21
  
  A conceivable diminishment in my pancake experience is what I’ll take away from the last two weeks of weird headlines tied to the topic of climate change. However, it was the rancor over the death of Supreme Court Justice Antonin Scalia …
  
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• AssuredPartners Acquires Encompass Risk Solutions in Pennsylvania

  18-02-2016 18:58
  
  AssuredPartners Inc. announced Thursday that it has acquired Encompass Risk Solutions Inc., an independent agency based in Warminster, Pennsylvania, with two additional offices in York, Pennsylvania, and Marietta, Georgia. Terms of the transaction were not disclosed. Founded in 2011, Encompass …
  
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• Alliant Hires Harper for Employee Benefits Group in Pennsylvania

  18-02-2016 18:33
  
  Specialty insurance broker Alliant Insurance Services has hired Craig Harper as first vice president within its Employee Benefits Group. He will be based in Alliant’s King of Prussia, Pennsylvania, office. In his role, Harper will service a diverse client base …
  
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• Vermont City Approves Rules for Taxi, Ride-Hailing Services

  18-02-2016 18:31
  
  Burlington, Vermont, officials have approved new rules for ride-hailing services and taxi companies in the city. The Burlington Free Press reports city councilors on Tuesday adopted a proposed ordinance that permits traditional taxi companies and ride-hailing services such as Uber …
  
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• Surprise Fees Often Follow Medical Emergencies

  18-02-2016 18:31
  
  Recovering from a medical procedure is always a challenge, but getting hit with unexpected insurance fees can add financial hardship to the process. As health insurance plans become increasingly complicated, more patients are facing unexpected fees when they step outside …
  
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• How Employer Joint Liability Is Changing

  18-02-2016 18:17
  
  Businesses known for their uniforms are worried about lawyers in business suits in the wake of a change in the nation’s labor laws affecting their liability for employment practices. The change could unravel the franchise business and wreak havoc for …
  
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• You don't live in Flint? Lead is your problem, too

  18-02-2016 18:16
  
  The crisis in Flint, Michigan has focused attention on lead-tainted water flowing through taps in the U.S.
  
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• Trial of Ex-BP Rig Supervisor Begins in New Orleans

  18-02-2016 17:43
  
  Federal prosecutors and lawyers for a Deepwater Horizon rig supervisor are ready to tell jurors what they expect to prove as 65-year-old Robert Kaluza is tried on a misdemeanor pollution charge from the BP oil spill. A jury was chosen …
  
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• Tornadoes Batter Multiple Southeast States

  18-02-2016 17:43
  
  Weather service experts are assessing damage from storms that caused problems in several Southeast states. At least six south Alabama counties suffered damage from storms on Monday. The Johnsonville Volunteer Fire Department was heavily damaged in Conecuh County near Castleberry. …
  
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• California Bay Area Town Bans Short-term Rentals

  18-02-2016 17:34
  
  A picturesque town in the San Ramon Valley, Calif. has banned residents from operating short-term rentals. The Contra Costa Times reported that Danville’s town council voted 4-to-1 Tuesday to prohibit rentals of fewer than 30 days. The town’s attorney said …
  
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• Southland Woman Charged in Bogus Insurance Policy Commission Scam

  18-02-2016 17:29
  
  Teresa Marie Davis, 52, of Pomona Calif., was arrested at her home by California Department of Insurance investigators and booked on multiple counts of identity theft and grand theft in an alleged bogus life insurance scam that netted her over …
  
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• Wyoming Acknowledges Coal Mine Cleanup Insurance Policy is Flawed

  18-02-2016 17:11
  
  A program that has allowed U.S. coal companies to forego cleanup insurance on massive western mines is flawed and needs to be fixed, Wyoming officials have told federal regulators. Coal companies must restore the land around spent mines, but roughly …
  
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• Southern California Gas Co. Pleads Innocent in Methane Leak

  18-02-2016 16:57
  
  Southern California Gas Co pleaded not guilty on Wednesday to criminal charges it waited three days to report a huge methane leak that has forced thousands of Los Angeles residents from their homes, officials for the company and prosecutors said. …
  
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• High claims to boost Waterloo insurance costs - Waterloo Cedar Falls Courier

  18-02-2016 15:03 via
  Waterloo Cedar Falls Courier
  High claims to boost Waterloo insurance costs
  Waterloo Cedar Falls Courier
  WATERLOO — A bad claims history has the city bracing for a major increase in liability insurance premiums next year. “In the last few years we've paid some rather high-dollar claims,” City Clerk Suzy Schares said. “It hasn't put us in a very good ...
  

• Amazon Plan Would Expand Its Uber-Like Delivery Service

  18-02-2016 14:26
  
  Amazon.com Inc is quietly inviting drivers for its new “on-demand” delivery service to handle its standard packages, as the online retailer known for low prices and razor-thin profit margins looks to speed up delivery times and tamp down its growing …
  
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• UK-Based Towergate Names Barnard as Chief Transformation & Change Director

  18-02-2016 14:18
  
  Towergate has announced the appointment of James Barnard as chief transformation and change director. Barnard will play a key role in driving the change programs needed to transform Towergate, the Maidstone, England-based independently owned insurance intermediary, which has been restructuring …
  
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• Law Enforcement, Private Firms Look to Evolving Drone Defense Industry for Protection

  18-02-2016 14:17
  
  The drone intruder was roaming around the Rose Bowl Stadium as 94,000 fans cheered, oblivious to the threat. But scientists testing a new security device at the game knew: they detected its radio signals and seized control of the gatecrasher. This …
  
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• Profiling insurance pros under 40: Tom Barrett

  18-02-2016 14:00
  
  Director of environmental and energy at Everest National Insurance Co.
  
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• Insurance carrier compliance: The rise of the chief risk officer - PropertyCasualty360

  18-02-2016 13:32 via
  PropertyCasualty360
  Insurance carrier compliance: The rise of the chief risk officer
  PropertyCasualty360
  The role of the CRO is to manage and define the overall medium- to long-term risk strategy for the insurance company. (Photo: iStock). The role of insurance is to bring some predictability, manageability and stability to a chaotic and uncertain world ...
  

• Insurance carrier compliance: The rise of the chief risk officer

  18-02-2016 13:30
  
  Insurance and risk have always gone together. However, as insurance becomes more complex and regulated, the rise of the chief risk officer is inevitable and the importance is undeniable.
  
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• Why Flood insurance isn't like a Homeowners' policy

  18-02-2016 13:15
  
  Americans have a reasonable understanding of how their Homeowners' policy works. They often expect the same coverage on their Flood policy.
  
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• 5 liability issues restaurant, bar and tavern owners need to watch out for

  18-02-2016 13:00
  
  Running a bar takes more than having a good selection of beer on tap. Are your premises safe and do you have the right insurance coverages?
  
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• 5 liability issues restaurant, bar and tavern owner needs to watch out for

  18-02-2016 13:00
  
  Running a bar takes more than having a good selection of beer on tap. Are your premises safe and do you have the right insurance coverages?
  
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• Plano Couple Has Trouble Finding Doctors Who Accept Their Insurance - NBC 5 Dallas-Fort Worth

  18-02-2016 12:45 via
  NBC 5 Dallas-Fort Worth
  Plano Couple Has Trouble Finding Doctors Who Accept Their Insurance
  NBC 5 Dallas-Fort Worth
  A Texas couple who switched health care plans thought they were getting a good deal until they tried to use it. Cris and William Lyle had a plan through her employer, but they decided to shop around when Cris said the deductible increased and William ...
  

• Efma & Accenture Launch Global 'Innovation in Insurance' Award Program - Insurance Journal

  18-02-2016 10:48 via
  Efma & Accenture Launch Global 'Innovation in Insurance' Award Program
  Insurance Journal
  Efma, a Paris-based association of 3,300 financial services companies from more than 130 countries, and Accenture have launched “Innovation in Insurance,” a program that aims to identify and award the most innovative insurance initiatives and projects ...
  

• Efma & Accenture Launch Global ‘Innovation in Insurance’ Award Program

  18-02-2016 10:45
  
  Efma, a Paris-based association of 3,300 financial services companies from more than 130 countries, and Accenture have launched “Innovation in Insurance,” a program that aims to identify and award the most innovative insurance initiatives and projects around the world. The …
  
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• AM Best Downgrades Ratings of China's Hyundai Insurance After Tianjin Blast - Insurance Journal

  18-02-2016 10:18 via
  AM Best Downgrades Ratings of China's Hyundai Insurance After Tianjin Blast
  Insurance Journal
  A.M. Best has downgraded the financial strength rating to B++ (Good) from A- (Excellent) and the issuer credit rating to “bbb” from “a-” of Hyundai Insurance (China) Co. Ltd., or HIC. Following these actions, the ratings remain under review with ...
  

• A.M. Best Downgrades Ratings of China’s Hyundai Insurance After Tianjin Blast

  18-02-2016 10:16
  
  A.M. Best has downgraded the financial strength rating to B++ (Good) from A- (Excellent) and the issuer credit rating to “bbb” from “a-” of Hyundai Insurance (China) Co. Ltd., or HIC. Following these actions, the ratings remain under review with negative implications. …
  
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• Location, Inc. Launches Structure Fire Risk Index for Insurers

  18-02-2016 10:00
  
  Location, Inc., a provider of location-based data and tools used by corporations for risk analysis, has introduced a new risk index to help insurers address structure fire losses due to human negligence. Insurers often associate structure fires with catastrophic events, …
  
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• Kentucky Stockyard Fire Ruled Accidental

  18-02-2016 10:00
  
  Investigators in Kentucky say a preliminary investigation has found that a construction worker accidentally started a massive fire that destroyed a beef cattle auction business in Lexington. Media cited a statement released Feb. 12 by the Lexington Fire Department that …
  
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• Global Aerospace Launches Online Aviation Insurance Platform

  18-02-2016 10:00
  
  Global Aerospace, a provider of aerospace insurance, has launched Aeroinsure, an online aviation underwriting and policy management system. Through Aeroinsure, brokers can instantly access insurance products for their light aircraft customers. Aeroinsure will operate across multiple product lines anywhere in …
  
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• Florida-Based Anchor Insurance Appoints Wortman as President, Pawlowski as COO

  18-02-2016 10:00
  
  Anchor Insurance appointed John Wortman as its new president and Kevin Pawlowski as its chief operating officer, effective February 9, 2016. Wortman most recently served on Florida’s Citizens Insurance Corp.’s Board of Governors where he sat on numerous committees. Prior …
  
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• Reinsurers’ Loss Reserves Dwindle While Rates Continue to Drop: Allianz Re CEO

  18-02-2016 09:40
  
  Reinsurers are running out of claims reserves that they can release to boost profits as pricing continues to fall, according to the head of Allianz SE’s reinsurance unit. “I don’t think there are too many loss reserves left and the natural-catastrophe …
  
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• Allianz Transfers $1.1B of Policy Obligations to Reinsurer Enstar, Limiting US Risks

  18-02-2016 09:23
  
  Allianz SE, Europe’s biggest insurer, struck a deal to limit risks in the U.S. by transferring policy obligations to reinsurer Enstar Group Ltd. Enstar will assume net reinsurance reserves of about $1.1 billion and cover half of a book of business …
  
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• Efma and Accenture Launch Global Insurance Awards to Reward and Foster Industry Innovation - Business Wire (press release)

  18-02-2016 09:03 via
  Efma and Accenture Launch Global Insurance Awards to Reward and Foster Industry Innovation
  Business Wire (press release)
  PARIS & NEW YORK--(BUSINESS WIRE)--Efma, an association of 3,300 financial services companies from more than 130 countries, and Accenture (NYSE:ACN) have launched “Innovation in Insurance,” a program to identify and award the most-innovative ...and more »
  

• Oklahoma Agency Calls for Cuts in Wastewater Well Volumes to Stem Quakes

  18-02-2016 08:27
  
  The Oklahoma Corporation Commission (OCC), which regulates oil and gas production activity in the state, has come up with a volume reduction plan for oil and gas disposal wells in response to the surge in earthquakes in Oklahoma. The OCC …
  
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• Average Redlands homeowners insurance among lowest of IE - Redlands Daily Facts

  18-02-2016 08:21 via
  Average Redlands homeowners insurance among lowest of IE
  Redlands Daily Facts
  On a list of the top cheapest cities in California to buy homeowners insurance, Redlands is ranked around the middle and about at the state average. All of the Inland Empire cities are above the state average, and, with the single exception of Rancho ...
  

• Williams Joins J.M. Wilson as Public & Business Auto Underwriter

  18-02-2016 07:21
  
  J.M. Wilson has added Robin Williams as public and business auto underwriter in Portage, Mich. Williams is responsible for quoting new and renewal public and business auto accounts, working with company underwriters, and serving independent insurance agents in Michigan. Prior to …
  
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• POINT OF VIEW: Bills hold promise for ride-sharing insurance - Palm Beach Post

  18-02-2016 06:10 via
  Palm Beach Post
  POINT OF VIEW: Bills hold promise for ride-sharing insurance
  Palm Beach Post
  The sharing economy is here to stay. From Airbnb to ride-sharing, it is an exciting time for consumers, as new products and services continue to enter the marketplace. Transportation network companies (TNCs), such as Uber and Lyft, brought a new way of ...
  

• Kentucky Commish Green Lights Aetna-Humana Acquisition, Florida Approves Deal

  18-02-2016 06:02
  
  Louisville, Ky.-based Humana has been approved for takeover by Aetna by Kentucky regulators, according to a statement from the Kentucky Department of Insurance Commissioner Brian Maynard. The order approving the request from Aetna to acquire Kentucky domestic insurers CHA HMO …
  
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• KKR bets on Indian life insurance with 10 percent stake in Max Financial - Reuters

  18-02-2016 05:41 via
  KKR bets on Indian life insurance with 10 percent stake in Max Financial
  Reuters
  HONG KONG KKR & Co LP (KKR.N) bought a 10 percent stake in India's Max Financial Services (MAXI.NS) for about $140 million, the latest foreign investor to bet on the country's booming life insurance market. The investment was made from KKR's Asian ...and more »
  

• Executive Overview of the Usage-based Insurance Market in Europe and North America - PR Newswire (press release)

  18-02-2016 05:39 via
  Executive Overview of the Usage-based Insurance Market in Europe and North America
  PR Newswire (press release)
  LONDON, Feb. 17, 2016 /PRNewswire/ -- Executive Overview of the Usage-based Insurance Market in Europe and North America : By 2020, Ecosystem Dynamics will Change with Active OEM Involvement The market insight discusses the key trends of ...and more »
  

• Kansas Lawmakers Consider Increasing Speed Limit to 80 MPH

  18-02-2016 03:26
  
  Legislative committees are considering bills that would allow the Kansas Department of Transportation to raise the state’s highest speed limit on separated, multiple-lane highways from 75 to 80 miles per hour. The Wichita Eagle reports that lawmakers could decide next …
  
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• New North Dakota Oil and Gas Rules Would Require Pipeline Bonds

  18-02-2016 03:19
  
  North Dakota regulators are proposing new rules aimed at the oil industry. A slate of proposed rules were unveiled on Feb. 16, including a requirement that would require bonding for all crude and saltwater pipelines. Another new rule would require …
  
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• Insurance rate hikes concern Arkansas teachers - THV11.com

  18-02-2016 03:19 via
  THV11.com
  Insurance rate hikes concern Arkansas teachers
  THV11.com
  HOT SPRINGS, Ark. (KTHV) - With insurance rates continuing to rise, struggling teachers are becoming concerned about what's going to be left of their paychecks. Recent health insurance rate increases have teachers like Paula Bettis second guessing ...
  

• Texas to Insurers: 2015 Policy Count Data Due March 1

  18-02-2016 03:14
  
  The date for licensed insurance carriers, surplus lines companies and health maintenance organizations to submit policy count data for 2015 is approaching. Texas Department of Insurance is required by the state insurance code to provide consumers with complaint ratios. The ratios …
  
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• Threat of El Niño triggered record increase in flood insurance policies in California - The San Gabriel Valley Tribune

  18-02-2016 02:51 via
  WGNO
  Threat of El Niño triggered record increase in flood insurance policies in California
  The San Gabriel Valley Tribune
  Glendora public works crews place concrete barriers to divert possible water and flood flows on Sierra Madre Avenue Tuesday February 25, 2014. Possible heavy rains in the coming days could create mud flows off of the burned hill sides caused by January ...
  Cheaper insurance coming? New FEMA maps show reduced flood risksWGNO
  With strong El Niño, California sees
  

• Cheapest Car Insurance in Florida - NerdWallet (blog)

  18-02-2016 01:30 via
  Cheapest Car Insurance in Florida
  NerdWallet (blog)
  It's not always easy to find the most affordable car insurance in Florida. Rates for the very same policy can differ wildly from one company to the next, and based on personal factors such as your age and credit history. To help simplify things ...and more »
  

• Wounded vet denied IVF coverage by VA health insurance - CBS News

  18-02-2016 01:29 via
  CBS News
  Wounded vet denied IVF coverage by VA health insurance
  CBS News
  February 17, 2016, 6:56 PM |After a roadside bomb in Afghanistan caused Kevin Jaye to lose a leg and a testicle, he and his wife Lauren turned to IVF to start a family. His VA health insurance did not cover the cost of the procedures, due to a law ...and more »
  

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