Insurance news

• Insurance tax penalty not set in stone - Houston Chronicle

  26-02-2016 23:35 via
  Houston Chronicle
  Insurance tax penalty not set in stone
  Houston Chronicle
  Under the Affordable Care Act if you don't buy health insurance you automatically face a hefty penalty, right? Not necessarily. In fact, nearly three of four of the uninsured who have already filed their 2015 tax returns using a popular tax preparation ...
  Obamacare's health insurance exchanges losing moneyThe Daily Freeman
  How to Pick the Best Health Insurance Plan - 5 Easy TipsClarifying Health (blog)
  Oregon Insurance
  

• Insurance: Preparing for the loss of a parent - Cincinnati.com

  26-02-2016 22:35 via
  Cincinnati.com
  Insurance: Preparing for the loss of a parent
  Cincinnati.com
  J. Brendan Ryan is an East Walnut Hills-based insurance agent. Reach him at [email protected] or 513-221-1454. Other than a high-risk pregnancy or loss of a child, it can be the most stressful time in the life of a family. The death of a parent is ...
  

• Insurance advice for tornado victims - Pensacola News Journal

  26-02-2016 22:35 via
  Pensacola News Journal
  Insurance advice for tornado victims
  Pensacola News Journal
  Haggling with an insurance adjuster isn't what anyone wants to do after their home is damaged or destroyed in a natural disaster, but homeowners should know they aren't required to take an adjuster's first offer if they feel they are owed more ...
  

• Understanding How Insurance Companies Calculate Risk Helps You Game the System - Inverse

  26-02-2016 22:32 via
  Inverse
  Understanding How Insurance Companies Calculate Risk Helps You Game the System
  Inverse
  You're a human, which means you're not good at making decisions about risk. Ask for (free) help. Jacqueline Ronson; February 26, 2016. share; tweet. Humans are really bad at calculating probability and risk. Casinos make money because we individually ...
  

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• The pros and cons of selling health insurance across state lines - American Enterprise Institute

  26-02-2016 21:59 via
  American Enterprise Institute
  The pros and cons of selling health insurance across state lines
  American Enterprise Institute
  Obamacare has not done much to slow the growth of health care costs. Government actuaries project that health spending will grow 5.8% a year over the next decade — substantially faster than growth in the economy. Could Republican proposals to sell ...
  Rubio attacks Trump for vague health care planBusiness Insurance
  Marco Rubio: We 'wiped out' Obamacare 'bailout
  

• Zika virus confirmed in nine pregnant travelers from the U.S.

  26-02-2016 21:52
  
  Zika could cost Latin America and the Caribbean $3.5 billion in 2016 through lost travel and tourism, as well as economic and medical costs of the illness, according to an initial estimate the World Bank.
  
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• Lack of Volunteer Firefighters at Some Departments Could Raise Insurance Rates - TWC News

  26-02-2016 20:47 via
  Lack of Volunteer Firefighters at Some Departments Could Raise Insurance Rates
  TWC News
  ELKIN — Fire departments across the state that rely on volunteers are having a difficult time recruiting men and women to serve their communities — and the problem could cause your insurance rates to go up. It's 8:00 a.m. on a Friday morning, And ...
  

• Financial Engines plans insurance, health care advice for 401(k) participants - InvestmentNews

  26-02-2016 20:35 via
  InvestmentNews
  Financial Engines plans insurance, health care advice for 401(k) participants
  InvestmentNews
  Your one stop resource for all things data. Infographics, adviser activity, investment data, readership surveys and more. Advisers on the Move. Track the latest teams of advisers and brokers changing firms and view recruiting activity at wirehouses ...and more »
  

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• Best Auto Insurance Options for Rideshare Drivers - NerdWallet (blog)

  26-02-2016 19:47 via
  NerdWallet (blog)
  Best Auto Insurance Options for Rideshare Drivers
  NerdWallet (blog)
  Not long ago, rideshare drivers didn't have many options when it came to auto insurance. Most drivers maintained an uneasy balance between personal policies and the policies offered by their ridesharing companies, and some shelled out for pricey ...and more »
  

• State Farm profit jumps 48% to $6.2 billion on pharma deals

  26-02-2016 19:46
  
  State Farm’s auto underwriting loss widened to $4.4 billion in 2015 from $3.4 billion a year earlier, as claims costs rose.
  
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• S&P Responds to Swett & Crawford Sale

  26-02-2016 19:06
  
  Standard & Poor’s Ratings Services  has removed its ratings on Cooper Gay Swett & Crawford Ltd.  (CGSC) from CreditWatch with developing implications, where S&P initially placed them Nov. 13, 2015. At the same time, S&P has raised its long-term corporate …
  
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• New York Classical Pianist Awarded $2.5M for Car Crash Injuries

  26-02-2016 18:59
  
  A classical pianist from New York City who hurt his elbow in a car accident and can no longer play at the level he mastered has been awarded $2.5 million by a New Jersey jury. The award was against a …
  
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• Florida Reports 3 Pregnant Women Test Positive for Zika

  26-02-2016 18:59
  
  Health officials say three pregnant women have tested positive for the Zika virus in Florida. Secretary of Health Dr. John Armstrong announced the cases Wednesday in his daily Zika update. A news release says all three cases are believed to …
  
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• Maryland Issues Bulletin on Minimum Days Notice Requirement

  26-02-2016 18:57
  
  The Maryland Insurance Administration said it has come to regulators’ attention that some insurers and premium finance companies may not be providing the minimum days’ notice as prescribed by the Maryland statutes before companies cancel, non-renew, increase the premium, or …
  
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• BHSI Launches Portfolio Product for Nonprofit Organizations

  26-02-2016 18:57
  
  Berkshire Hathaway Specialty Insurance (BHSI) has launched Executive First Nonprofit Portfolio, a collection of executive and professional lines coverages tailor-made for America’s nonprofit organizations. The Portfolio offers directors & officers liability, EPLI, fiduciary liability, employed lawyers liability and commercial crime …
  
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• Spec's lawsuit raises questions on how insurance companies should handle data breaches - Houston Business Journal

  26-02-2016 18:55 via
  Houston Business Journal
  Spec's lawsuit raises questions on how insurance companies should handle data breaches
  Houston Business Journal
  A recent lawsuit filed by Spec's Family Partners against its insurance company over legal costs related to a data breach has opened the door to a conversation around how insurance companies should handle a customer's data breach. The suit asks that ...
  

• WCRI Report Examines Trends in New York Workers’ Comp System

  26-02-2016 18:51
  
  The Workers Compensation Research Institute (WCRI) has published its eighth annual report examining the trends in the performance of the New York workers’ compensation system following reforms enacted in 2007. WCRI said the metrics in this report, “Monitoring Trends in …
  
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• South Carolina Announces Initiative to Prevent, Fight Cybercrime

  26-02-2016 18:51
  
  The South Carolina Revenue Department’s massive 2012 data breach gave Gov. Nikki Haley a firsthand lesson on the need for efforts to counter cybercrime, she said Wednesday. “Today, there is never a day I don’t think about cybersecurity,” Haley told …
  
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• St. Louis Police Sargeant Prevails in Discrimination Suit; City to Pay $800K

  26-02-2016 18:46
  
  A St. Louis police sergeant who won a racial discrimination case over a police academy promotion will be paid the $620,000 he won in a federal lawsuit, plus $172,000 in attorney’s fees. The St. Louis Post-Dispatch reports that a federal …
  
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• Officials: 10 Tornadoes Recorded in Louisiana on Tuesday

  26-02-2016 18:44
  
  The National Weather Service has updated to 10 the number of tornadoes that hit Louisiana on Feb. 23, including four EF-2 tornadoes that were responsible for the extreme damage in Convent and LaPlace, along with an EF-2 in Livingston Parish …
  
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• Texas Adopts Rules for Residential Property Dec Pages, TWIA Premium Surcharge

  26-02-2016 18:38
  
  The Texas Department of Insurance reported it has adopted rules pertaining to property insurance changes resulting from legislation passed in 2013 and 2015. Residential Property Declarations Page The new rules include requirements for residential property insurance policy declarations pages and …
  
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• Buffett has long said that Berkshire’s “core” business is insurance

  26-02-2016 18:37
  
  Buffett will likely remind investors why insurance has been good for Berkshire over the past five decades when the company's annual report is released online Saturday.
  
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• 2nd Indiana Man Convicted of Murder, Insurance Fraud in Home Explosion

  26-02-2016 18:36
  
  An Indianapolis man was convicted of murder, arson and insurance fraud on Feb. 24 for his role in a 2012 house explosion that killed two neighbors and devastated a subdivision in the southern part of the city. A northern Indiana …
  
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• At Least 7 Tornadoes Hit Mississippi as Severe Storms Batter Region

  26-02-2016 18:30
  
  A major storm system hit several Southeast states this week, bringing high winds and tornadoes to multiple regions and killing at least one person in Mississippi. Injuries and damage were also reported in Florida from an apparent tornado. The National …
  
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• New Jersey Issues Reminder: Certificates Law Will Take Effect in April

  26-02-2016 18:19
  
  New Jersey Gov. Chris Christie’s administration issued a statement this week reminding insurance agents, contractors and other interested parties in the state that the new certificates of insurance law will take effect on April 30. The Certificates of Insurance Act, …
  
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• El Niño ‘disappointing’ for California drought-relief hopes

  26-02-2016 17:59
  
  San Diego, Los Angeles and San Francisco have had lower-than-normal rainfall since October.
  
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• Brazil & Samarco Close to Agreeing on Damages from Mining Disaster

  26-02-2016 17:59
  
  Brazil’s government and Samarco Mineracao SA are meeting on Friday to finalize the settlement of a lawsuit for damages caused by a deadly dam spill at a mine in November, with the attorney general’s office saying the accord was 95 percent complete. …
  
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• Obamacare's health insurance exchanges losing money - The Daily Freeman

  26-02-2016 17:19 via
  The Daily Freeman
  Obamacare's health insurance exchanges losing money
  The Daily Freeman
  Political uncertainty isn't the only threat to the Affordable Care Act's future. Cracks also are spreading through a major pillar supporting the law. Health insurance exchanges created to help millions of people find coverage are turning into money ...
  Insurance tax penalty not set in stoneHouston Chronicle
  How to Pick the Best Health Insurance Plan - 5 Easy TipsClarifying Health (blog)
  Oregon Insurance Plan
  

• Editor Sues Montana Newspaper Over Wrongful Discharge Claim

  26-02-2016 17:05
  
  The former editor of the Missoulian has sued the publisher of the Montana newspaper and its owner, Lee Enterprises Inc., claiming wrongful discharge. Sherry Devlin’s lawsuit says she was demoted in April; her pay was cut nearly in half; she …
  
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• Zenefits Axes 250 Employees Amid Compliance Investigations

  26-02-2016 17:02
  
  Zenefits said it will cut about 250 jobs as the human resources software startup faces investigations over compliance with state rules. The staff reductions amount to about 17 percent of the San Francisco-based company’s workforce. Government officials in California and …
  
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• Crystal & Co. Hires Wozencraft as Executive Director in New York City

  26-02-2016 16:31
  
  Crystal & Company has hired Ann L. Wozencraft as executive director. She is based in Crystal & Company’s New York City headquarters office. Wozencraft comes from Aon where she served as managing director since 2007, with a focus on financial …
  
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• Specialist Lloyd’s Underwriter Marketform to Exit General Liability Business

  26-02-2016 16:02
  
  Specialist Lloyd’s underwriter Marketform announced it will cease to write general liability business. This decision forms part of a broader strategic review of the business, which included an assessment of Marketform’s general liability account. “Alongside its shareholder, American Financial Group, …
  
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• People on the move in the P&C insurance industry: Feb. 26, 2016

  26-02-2016 16:00
  
  News from Assurance, Praxis, Atlantic Casualty and more.
  
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• Program Specialists Targeting Emerging Risks and ‘Doing Old Things Better’

  26-02-2016 15:39
  
  Specialists in the program business segment agree – this is a good market to be in right now. Those specialists also agree that the program business market is poised to handle emerging risks that face the industry, in fact, they …
  
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• MassMutual Emerges as Potential Buyer of MetLife Retail Group

  26-02-2016 15:26
  
  MetLife Inc., the life insurer that is reshaping its business mix to limit government oversight, is in talks with Massachusetts Mutual Life Insurance Co. about a possible sale of MetLife Premier Client Group, the company’s U.S. adviser force. The group …
  
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• Jury Clears BP Manager of Clean Water Act Charge

  26-02-2016 14:42
  
  A former BP manager charged with violating U.S. pollution law over the 2010 Gulf of Mexico oil spill was cleared by a New Orleans jury, thwarting federal prosecutors’ last chance to jail someone over the disaster. Robert Kaluza, a well-site …
  
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• Why Buyers, Sellers File Claims Under M&A Insurance: AIG Study

  26-02-2016 14:36
  
  Nearly 14 percent of mergers and acquisitions (M&A) insurance policies written globally by American International Group Inc. resulted in a claim, according to a study by the insurer, one of the largest writers of M&A policies in the world. AIG …
  
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• Israeli Cyber Security Business Foundry, Team8, on Track to Build 5 Firms by 2020

  26-02-2016 14:11
  
  Team8, a cyber security business foundry created by veterans of the Israeli army’s technology and intelligence unit 8200, said it closed a $23 million round of financing. Team8 plans to use the money to develop five companies over the next …
  
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• Using trade credit insurance in the energy industry

  26-02-2016 14:00
  
  Here's another tool to help companies manage supply chain, business interruption risks.* To Run Feb. 25*
  
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• 17 awesome business tools you need to be using

  26-02-2016 13:30
  
  This collection is like the Swiss Army knife for your business, with tools for researching prospects, CRM systems, address books and more.
  
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• As Google shuts down Google Compare, new doors open

  26-02-2016 13:15
  
  Will Google Compare opting out of insurance cause new disruption? Will new solutions move in to fill the void?
  
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• As UK Debate Over Brexit Heats Up, Some Suggest Looking at Lessons of History

  26-02-2016 13:13
  
  Cities don’t stay on top forever. Just look at Venice in the 15th century, Philadelphia in the 18th or even Vienna in the 19th. It’s a lesson some Londoners worry is being forgotten when it comes to the U.K.’s membership …
  
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• 4 things to do to protect your jewelry

  26-02-2016 13:00
  
  While there is no way to insure the sentimental value of an engagement ring or a family heirloom piece, having the right amount of insurance will provide financial protection.
  
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• XL Catlin Names Brookman Sr. VP, Alternative Capital, in Newly Created Role

  26-02-2016 12:12
  
  XL Catlin has appointed Daniel Brookman as senior vice president, Alternative Capital, a newly created role. Brookman was previously head of Capital Markets at Montpelier Re Holdings Ltd. where he developed and managed account investment strategies for major institutional investors. …
  
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• Third Point Re Reports 2015 Net Loss of $87.4M on Poor Investment Returns

  26-02-2016 11:55
  
  Third Point Reinsurance Ltd., which counts on Dan Loeb to oversee investments, swung to a profit in the fourth-quarter as the hedge fund manager’s results improved before a January slump. Net income was $42.2 million, or 39 cents a share, …
  
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• An Insurance Penalty From Postpartum Depression - New York Times

  26-02-2016 11:00 via
  New York Times
  An Insurance Penalty From Postpartum Depression
  New York Times
  In January, a government-appointed panel recommended that all pregnant women and new mothers be screened for depression. Public health advocates rejoiced, as did untold numbers of women who had not known that maternal mental illness even existed ...
  Mothers With Postpartum Depression Pay More For Insurance & It Perpetuates A Dangerous StigmaRomperall 4 news articles »
  

• Nashville-Based Alternative Service Concepts Makes 2 Promotions

  26-02-2016 07:56
  
  Alternative Service Concepts (ASC), a national workers’ compensation and property and casualty third party claims administrator (TPA), has promoted Tammy Moore and Jeff Logsdon to company assistant vice president. Promoted from the positions of claim manager, Logsdon and Moore will …
  
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• Appelbaum Joins IRMI as VP, Knowledge Resources

  26-02-2016 07:28
  
  Dallas-based International Risk Management Institute Inc. (IRMI), has appointed Joel A. Appelbaum as vice president of knowledge resources. Appelbaum will serve as a member of the IRMI executive team and is responsible for all strategic and tactical leadership for the …
  
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• Keystone Insurers Group Adds 3 Missouri Agencies

  26-02-2016 07:22
  
  Keystone Insurers Group announced it has added three new partners in Missouri: Scott Agency of Montgomery City, Harrison Agency of Columbia and Anderson & Green Insurance Agency of Sikeston. Harrison Agency was originally established in 1985 by Don Harrison. Don’s …
  
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• Death of the Insurance Salesman at MetLife - Wall Street Journal

  26-02-2016 01:05 via
  Columbus Dispatch
  Death of the Insurance Salesman at MetLife
  Wall Street Journal
  ...  MET 1.70 % MetLife MET 1.70 % Inc. is preparing to part ways with a central force in the company's history: its life-insurance agents. The nation's largest life insurer by assets is in talks to sell a network of about 4,000 sales people to ...
  MetLife, known for insurance, may part with agentsColumbus Dispatch
  MetLife, known for life insurance, may part with its agentsU.S. News & World Report
  MassM
  

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