Insurance news

• New Crop Insurance Could Impact Organic Crop Production - TWC News

  23-02-2016 23:57 via
  New Crop Insurance Could Impact Organic Crop Production
  TWC News
  MT. ULLA -- Chris Hoffner's family has been farming for more than 50 years in Rowan County. "It was not that hard for us to transition over, we had to transition over 600 acres and 300 of it was already certifiable,” said Hoffner. They switched to ...
  

• DJI Will Now Sell You Insurance to Cover Your Inevitable Drone Crash - Fstoppers

  23-02-2016 23:53 via
  Fstoppers
  DJI Will Now Sell You Insurance to Cover Your Inevitable Drone Crash
  Fstoppers
  DJI should have called me and made me the face of their new drone insurance policy. I've crashed many of their drones, destroyed one, and lost another. Sadly, I didn't have the luxury of buying insurance, but now, you do... but it's probably too expensive.and more »
  

• Short Term Insurance incl. Direct and Travel Insurance in South Africa 2016 - PR Newswire (press release)

  23-02-2016 23:07 via
  Short Term Insurance incl. Direct and Travel Insurance in South Africa 2016
  PR Newswire (press release)
  LONDON, Feb. 23, 2016 /PRNewswire/ -- Short-term Insurance Industry: This report focuses on South Africa's rapidly evolving short-term Insurance industry, which encompasses a broad spectrum of personal and commercial lines, including travel insurance.and more »
  

• 2.8M New Yorkers get insurance with NY State of Health - Albany Times Union

  23-02-2016 22:51 via
  Syracuse.com
  2.8M New Yorkers get insurance with NY State of Health
  Albany Times Union
  More than 2.8 million people have signed up for health insurance through the state's online insurance market, NY State of Health, officials announced Tuesday. The figure is current as of Jan. 31, the end of the open enrollment period for this year ...
  NY health insurance exchange enrolls more than 2.8 millionSyracuse.comall 16 news articles »
  

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• 4 women accused of staging NC wrecks to get insurance money - WXII The Triad

  23-02-2016 22:44 via
  WXII The Triad
  4 women accused of staging NC wrecks to get insurance money
  WXII The Triad
  WILMINGTON, N.C. —The N.C. Department of Insurance says four women are in jail and a fifth woman is being sought after authorities say they staged three car wrecks in order to collect insurance money. Related. Damaging winds likely in Triad... 1 dead ...
  4 women accused of staging wrecks to get insurance moneyWSOC Charlotteall 17 news articles »
  

• Lockton in California Adds Betterly to Employee Benefits Team

  23-02-2016 22:32
  
  Lockton Pacific has named Suzy R. Betterly as a vice president, and consultant in in San Diego, Calif. She will be responsible for delivering solutions to clients’ benefits programs. Betterly has more than 17 years of experience in in data …
  
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• California Insurance Agent Faces Felony Charges for Pocketing Auto Premiums - Insurance Journal

  23-02-2016 22:27 via
  California Insurance Agent Faces Felony Charges for Pocketing Auto Premiums
  Insurance Journal
  Anthony John Diaz, 35, was arraigned today in the Fresno County Superior Court in California to answer charges that he allegedly stole insurance premiums from policyholders. Diaz was arrested earlier this month by California Department of Insurance ...
  Fresno insurance agent accused in fraud caseFresno Beeall 3 news articles »
  

• California Insurance Agent Faces Felony Charges for Pocketing Auto Premiums

  23-02-2016 22:27
  
  Anthony John Diaz, 35, was arraigned today in the Fresno County Superior Court in California to answer charges that he allegedly stole insurance premiums from policyholders. Diaz was arrested earlier this month by California Department of Insurance detectives and booked …
  
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• How Return-of-Premium Life Insurance Works - NerdWallet (blog)

  23-02-2016 21:52 via
  How Return-of-Premium Life Insurance Works
  NerdWallet (blog)
  An insurance policy generally isn't something you can return for your money back, unlike a regrettable jacket or, these days, even a car. Take your auto insurance policy, for example. Let's say you never have an accident, make a claim or even call your ...and more »
  

• Insurance Premium Definition - NerdWallet (blog)

  23-02-2016 21:11 via
  NerdWallet (blog)
  Insurance Premium Definition
  NerdWallet (blog)
  An insurance premium is the amount you pay for your policy. When you're shopping for insurance and you hear “insurance premium,” think “insurance price.” Consumers find the definition of insurance premium confusing. A 2014 study by industry research ...and more »
  

• American Modern Insurance exits one of its product lines - WCPO

  23-02-2016 20:53 via
  WCPO
  American Modern Insurance exits one of its product lines
  WCPO
  AMELIA, Ohio -- American Modern Insurance is exiting one of its product lines, potentially putting up to 325 local jobs in jeopardy. The Amelia-based company announced Tuesday it is leaving the lender-placed insurance -- or LPI -- business, which ...and more »
  

• Japan: Insurance Trouble for Iranian Oil - The Maritime Executive

  23-02-2016 19:51 via
  The Maritime Executive
  Japan: Insurance Trouble for Iranian Oil
  The Maritime Executive
  Japan will likely refrain from loading oil at Iranian ports in March because of the impending expiry at the end of next month of special shipping insurance cover provided by the government, industry and government officials said. The potential ...and more »
  

• Liberty Hires Quintrell for Global Financial Risks Team in D.C.

  23-02-2016 19:31
  
  Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has hired Edith Quintrell as its U.S.-based underwriting development director for its Global Financial Risks division. Quintrell previously was director of operations of the World Bank’s political risk insurance arm, …
  
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• US, EU Move Forward on Insurance Framework - Wall Street Journal

  23-02-2016 19:16 via
  US, EU Move Forward on Insurance Framework
  Wall Street Journal
  Representatives from the U.S. and European Union met for the first time last week to discuss a possible unified framework for reducing insurance companies' risk of insolvency, a plan that could have major consequences for U.S. insurers. The move comes ...
  

• Retired union worker with ALS struggling with loss of vital insurance benefit - Fox News

  23-02-2016 19:14 via
  Fox News
  Retired union worker with ALS struggling with loss of vital insurance benefit
  Fox News
  Every day for the last four years has been struggle to live for Joe Swider, a 66-year-old retired plumber who suffers from ALS— Lou Gehrig's disease— an incurable neurodegenerative condition that's left him reliant on a power wheelchair and gasping ...
  

• Maryland’s Carroll County to Pilot State Changes to Drug Treatment Funding

  23-02-2016 19:00
  
  Carroll County, Maryland, is poised to serve as a model for treating substance abuse across the state. The Carroll County Health Department plans to address changes to state funding of outpatient substance abuse services, officials told the Board of Commissioners …
  
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• Maryland County to Pilot State Changes to Drug Treatment Funding

  23-02-2016 19:00
  
  Carroll County, Maryland, is poised to serve as a model for treating substance abuse across the state. The Carroll County Health Department plans to address changes to state funding of outpatient substance abuse services, officials told the Board of Commissioners …
  
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• Former NYPD Cop Jailed for Filing False Auto Claims

  23-02-2016 18:50
  
  Authorities said a former New York City police officer has been sentenced to two to six years in state prison for a scheme to defraud auto insurance companies. New York Attorney General Eric T. Schneiderman announced the sentencing of Jose …
  
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• McMahon Brings Life Sciences Industry Expertise to Assurance

  23-02-2016 18:47
  
  Schaumburg, Ill.-based insurance brokerage Assurance, has added Scott McMahon to serve as vice president in the firm’s healthcare and life sciences practice. McMahon has focused his entire insurance and risk management career in the life sciences field, harnessing his expertise from prior …
  
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• Oklahoma Wildfire That Burned Homes, Outbuildings Almost Contained

  23-02-2016 18:38
  
  Oklahoma Forestry Services says firefighters have almost contained a large wildfire east of Okmulgee. Officials say the Pharoah-Nuyaka fire has burned about 34 square miles and is about 60 percent contained. But residents will likely see and smell smoke for …
  
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• Attacks by Michigan Uber Driver Renew Questions About Vetting Processes

  23-02-2016 18:37
  
  The deaths of six people in Kalamazoo, Michigan, who authorities say were shot by a driver for Uber Technologies Inc., have revived scrutiny over how the ride service vets its drivers, an issue that has plagued it for years. Uber, …
  
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• Progressive Introduces Coverage for Rideshare Drivers in Texas

  23-02-2016 18:26
  
  Progressive Insurance said it is now offering coverage for drivers of transportation network companies (TNCs) in Texas. The coverage will be a personal policy endorsement that fills most of the coverage gap between a personal auto policy and the commercial …
  
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• J&J Must Pay $72M Over Powder Tied to Woman’s Cancer

  23-02-2016 18:25
  
  Johnson & Johnson must pay $72 million to the family of a woman who blamed her fatal ovarian cancer on the company’s talcum powder in the first state-court case over the claims to go to trial. Jurors in St. Louis …
  
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• North Carolina Judge Dismisses Academic ‘Sham’ Lawsuit by UNC Athletes

  23-02-2016 18:22
  
  A North Carolina judge dismissed a lawsuit Friday in which two former University of North Carolina athletes alleged the school failed to provide them and other athletes a quality education by directing them toward sham classes. Mecklenburg County Superior Court …
  
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• Arkansas Insurance Agent Charged with Fraud Ordered to Repay Nearly $128K

  23-02-2016 18:19
  
  An Arkansas insurance agent has been charged with fraud and ordered to pay $127,748.06 in restitution. The Arkansas Insurance Department revoked the resident producer’s license of Samuel Bowron Phillips of Fort Smith following a Jan. 26 hearing over an October 2015 complaint …
  
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• Cheapest Car Insurance in Missouri - NerdWallet (blog)

  23-02-2016 18:07 via
  NerdWallet (blog)
  Cheapest Car Insurance in Missouri
  NerdWallet (blog)
  If you're shopping for cheap car insurance in Missouri, you already know that finding the best deal can be quite a challenge. Insurance costs vary depending on your age, your gender, where you live, your driving record and other factors. And costs can ...and more »
  

• Google to terminate Google Compare

  23-02-2016 18:00
  
  The tech giant will cease operations for the Auto insurance comparison site on March 23.
  
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• BHSI Launches Professional & Pollution Liability Coverage for Contractors

  23-02-2016 17:59
  
  Berkshire Hathaway Specialty Insurance (BHSI) has launched Contractor’s Protective, Professional and Pollution (CP3) Liability Policy, which is available on a primary and excess basis for practice or project-specific risks in the U.S. Martin Andrejko, head of Contractors Professional, BHSI, said …
  
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• Homeowners Ask Judge to Rule Against New Jersey in Protective Dune Case

  23-02-2016 17:55
  
  Nine oceanfront homeowners in Bay Head, New Jersey, are asking a judge to declare that the state has no legal right to seize parts of privately owned beaches for a protective dune project. In court papers filed Feb. 19, the …
  
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• Swiss Re appoints Mumenthaler as CEO as Lies decides to retire

  23-02-2016 17:40
  
  Swiss Re AG named Christian Mumenthaler, a 17-year veteran of the company who heads the main reinsurance unit, as chief executive officer effective July 1.
  
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• Burnham Benefits Names Feldman Vice President

  23-02-2016 17:32
  
  Burnham Benefits Insurance Services in California has named Denise Feldman vice president. Feldman has experience in the health care industry, regulatory compliance and the Health Insurance Portability and Accountability Act. Prior to Burnham Feldman spent six years as vice president …
  
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• Hoverboards Banned on San Francisco State University Campus

  23-02-2016 17:27
  
  Students at San Francisco State University will have to come back from the future now that hoverboards have been banned from campus due to fire concerns. Administrators informed students by email Monday that the two-wheeled, self-balancing devices are prohibited on …
  
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• Wyoming Man Sentenced to Probation For Workers’ Comp Fraud

  23-02-2016 17:24
  
  A Sheridan, Wyo. man accused of collecting disability payments while working for a tree service company has entered a no contest plea to one count of workers’ compensation fraud. The Sheridan Press reported that Victor Rodriguez recently entered the plea …
  
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• Seattle Considers Adding More Red Light Cameras

  23-02-2016 17:22
  
  Red light cameras led to nearly 40,000 tickets in Seattle. in 2015. Now Washington’s largest city is considering adding more. KING-TV reported Seattle’s existing red light cameras brought in more than $5 million last year. The Seattle Department of Transportation is …
  
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• Penn study: Medicaid, CHIP beat out private insurance in helping low-income children - PhillyVoice.com

  23-02-2016 17:06 via
  PhillyVoice.com
  Penn study: Medicaid, CHIP beat out private insurance in helping low-income children
  PhillyVoice.com
  Are public insurance programs like Medicaid and CHIP as good for low-income kids as private insurance? One recent study from the University of Pennsylvania says no: in many ways, they're better. Children who are covered under Medicaid or the Children's ...and more »
  

• Liz Cho busted for talking on cell, driving without insurance - Page Six

  23-02-2016 16:41 via
  Page Six
  Liz Cho busted for talking on cell, driving without insurance
  Page Six
  WABC-TV news anchor Liz Cho was busted for using her cellphone while driving her brand-new BMW on the Upper West Side on Monday — and cops later learned that she had no car insurance, law enforcement sources told The Post. Cho, 45, was spotted ...and more »
  

• Credit Card Buyers, Sellers Making Out Like Bandits

  23-02-2016 16:10
  
  Cyber thieves who steal credit and debit card numbers are making millions of dollars in profits, fueling a global criminal enterprise marked by the high-profile data breaches of major companies such as Target and Home Depot. On average, a batch …
  
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• Exclusive: Google to Shut Down Online Insurance Site, Partners Say - Insurance Journal

  23-02-2016 16:01 via
  Engadget
  Exclusive: Google to Shut Down Online Insurance Site, Partners Say
  Insurance Journal
  It appears Google Compare's grand experiment in online comparison shopping for auto insurance is dead – for now at least. Insurance Journal has learned that two of Google Compare's major partners were told today that the giant tech firm is shutting ...
  Google is shutting down its car insurance comparison serviceEngadget
  Google Reverses Course With Closure of Car Insurance ServiceABC News
  Google t
  

• Widow of El Faro Crew Member Calls for More Oversight of Shipping in Bad Weather

  23-02-2016 15:16
  
  The widow of one of the 33 crew members killed when the El Faro sank in a hurricane last fall called on Friday for stricter oversight of decisions by shipping companies and their captains to sail in adverse weather. Rochelle …
  
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• Diggin’ in: A look at the Environmental market

  23-02-2016 14:00
  
  With demand high and customers becoming more educated on Environmental cover, expertise becomes increasingly valuable in a market that's keeping a watchful eye on claims.
  
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• Getting personal with personal lines insurance - Glenwood Springs Post Independent

  23-02-2016 13:59 via
  Glenwood Springs Post Independent
  Getting personal with personal lines insurance
  Glenwood Springs Post Independent
  When we say personal lines, we are talking auto and home insurance. It can also mean other lines such as recreational vehicles, but we'll save that topic for another day. One of the most popular questions in my 14-year insurance career: Is my car in ...
  

• Insurance agents, are your success vitals healthy?

  23-02-2016 13:45
  
  What are your three success vitals? What are three activities you need to reduce or eliminate?
  
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• Are you getting the most out of subrogation?

  23-02-2016 13:30
  
  Many companies and self-insureds frequently leave large quantities of revenue unrecovered each year by failing to properly pursue subrogation interests.
  
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• Bermuda-Based Mt. Logan Re Appoints Burke as Chief Financial Officer

  23-02-2016 13:05
  
  Bermuda-based Mt. Logan Re Ltd. announced the appointment of Martin Burke as its chief financial officer, effective Feb. 22, 2016. Burke has 15 years of experience in senior finance roles in the reinsurance industry and was most recently with Sirius …
  
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• 5 ways to protect your home during a storm

  23-02-2016 13:00
  
  Extreme weather can happen at any time. Do you know what to do before, during and after a storm hits?
  
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• Brazil’s BB Seguridade Could Deliver Returns Near 60%, Despite Poor Economy

  23-02-2016 12:53
  
  BB Seguridade Participações SA, the insurance unit of state-controlled Banco do Brasil SA, could deliver returns near 60 percent this year even as Brazil’s worst recession in decades hampers growth in underwriting premiums and fans delinquencies, Chief Financial Officer Werner Süffert said …
  
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• Swiss Re’s 2015 Net Income Rises 31% to $4.6B; Q4 Profit Up to $938M

  23-02-2016 12:23
  
  Swiss Re AG reported fourth-quarter profit that beat estimates after a quiet year for natural catastrophes and announced that Christian Mumenthaler, head of the company’s main reinsurance unit, will take over as chief executive officer on July 1. Net income …
  
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• Canada’s Fairfax Financial to Raise $536.4M to Fund Larger Stakes in 2 Insurers

  23-02-2016 11:39
  
  Fairfax Financial Holdings said on Monday it plans to raise C$735 million ($536.42 million) through an equity issuance, to fund its acquisition of interests in Eurolife ERB Insurance Group Holdings and ICICI Lombard General Insurance Co. The offering of one million shares, which is …
  
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• Swiss Re Appoints Mumenthaler as Group CEO, Succeeding Liès Who Is Retiring

  23-02-2016 10:53
  
  Swiss Re announced that Christian Mumenthaler, 46, currently CEO of Reinsurance, will become group chief executive officer on July 1, succeeding Michel M. Liès, who is retiring. Since October 2011, Mumenthaler has successfully led the Reinsurance business unit, “maintaining underwriting outperformance …
  
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• ‘Brexit’ Would Risk Economy & Jobs, Caution 200 Executives in Open Letter

  23-02-2016 10:28
  
  The bosses of a third of Britain’s biggest companies warned on Tuesday that an exit from the European Union would put the economy at risk and threaten jobs. In a letter to the Times newspaper, bosses from big employers including …
  
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