Insurance news

• Apprenticeships come to insurance and financial services industries - Chicago Tribune

  07-03-2016 23:42 via
  Chicago Tribune
  Apprenticeships come to insurance and financial services industries
  Chicago Tribune
  Dane Lyons, an apprentice at Zurich North America, is photographed March 7, 2016, in Zurich's Schaumburg offices. Lyons, 37, had been working in car sales but began the two-year insurance internship in January. Dane Lyons, an apprentice at Zurich North ...
  

• Salesforce plans takeover of MetLife tower on NYC’s Bryant Park

  07-03-2016 23:34
  
  Under the deal, the building would be renamed Salesforce Tower New York, and the company’s logo would replace that of MetLife Inc. at the top of the property after the insurer leaves.
  
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• OR insurance regulators on last year's losses and why things are looking up - Portland Business Journal (blog)

  07-03-2016 23:31 via
  Portland Business Journal (blog)
  OR insurance regulators on last year's losses and why things are looking up
  Portland Business Journal (blog)
  Oregon's seven largest insurers lost $171.6 million in 2015, up form a net loss of $46.7 in 2014 and a profit of $78 million in 2013, according to DCBS. But an average 22 percent rate increase for this year should start to bring revenue more into ...
  

• Crop Insurance Rewards Bad Behavior, Punishes Conservation - Environmental Working Group

  07-03-2016 22:36 via
  Crop Insurance Rewards Bad Behavior, Punishes Conservation
  Environmental Working Group
  Federal crop insurance encourages growers to plant crops on land that is vulnerable to soil erosion and discourages landowners from adopting good conservation practices. That's the conclusion of a newly released study by Barry Barnett, a professor at ...
  

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• Just how high are Louisiana's car insurance rates? - NOLA.com

  07-03-2016 21:46 via
  NOLA.com
  Just how high are Louisiana's car insurance rates?
  NOLA.com
  Insurance rates in Louisiana are the fourth-highest in the nation, according to a new ranking. (Image via ThinkStock). Print Email · Diana Samuels, NOLA.com | The Times-Picayune By Diana Samuels, NOLA.com | The Times-Picayune The Times-Picayune
  

• Cheapest Car Insurance in Kansas - NerdWallet (blog)

  07-03-2016 20:13 via
  Cheapest Car Insurance in Kansas
  NerdWallet (blog)
  If you're looking for cheap car insurance in Kansas, finding the best deal can be challenging. Quotes for a single policy can change by hundreds (even thousands) of dollars from one insurer to the next, which is why comparing a variety of offers is key.
  

• Feds to rate ACA insurance plans based on network size: 8 things to know - Becker's Hospital Review

  07-03-2016 19:48 via
  Headlines & Global News
  Feds to rate ACA insurance plans based on network size: 8 things to know
  Becker's Hospital Review
  Federal officials will begin rating health insurance plans under the Affordable Care Act based on how many physicians and hospitals are included in their network, according to a report from The New York Times. Here are eight things to know about the ...
  New rules allow Obama administration to rate health insurance plans by network size — 7 highlightsBecker's A
  

• Siam City Insurance targets more schools - The Nation

  07-03-2016 19:33 via
  Siam City Insurance targets more schools
  The Nation
  SIAM CITY Insurance has added four protection features to its group personal-accident-insurance scheme for students as part of its attempt to lure former school clients back to the company. Komsan Thongtan, senior executive vice president, said the ...
  

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• State lawmakers seeking ways to grapple with 'big data' in insurance - R Street

  07-03-2016 19:26 via
  State lawmakers seeking ways to grapple with 'big data' in insurance
  R Street
  Insurance is about information. Outside of the technology industry itself, few sectors are better situated to seize the advantages of so-called “big data” than insurance. Such was the consensus of a panel presenting before the Property/Casualty ...and more »
  

• Do local schools need terrorism insurance? - Cincinnati.com

  07-03-2016 19:16 via
  Cincinnati.com
  Do local schools need terrorism insurance?
  Cincinnati.com
  Scroll to the bottom of this story to vote in our poll. It was a fleeting mention, a 20-second soundbite during a meeting that lasted an hour and a half. Cincinnati Public Schools Board of Education member Eve Bolton called it a “sign of the time” in ...
  

• Challenge to Global Insurance Rules Could Slow Overhaul - New York Times

  07-03-2016 19:11 via
  New York Times
  Challenge to Global Insurance Rules Could Slow Overhaul
  New York Times
  Until recently, international insurance regulation was a relatively quiet field. But since the financial crisis, that has changed. The globalization of the rules that govern insurance companies has been extremely quick — too quick for the tastes of ...
  

• Commentary: Why Texas needs competition in the title insurance market - MyStatesman.com

  07-03-2016 19:01 via
  MyStatesman.com
  Commentary: Why Texas needs competition in the title insurance market
  MyStatesman.com
  As the first games of baseball's spring training get underway, they are a reminder of how fans love the competition of sports. Competition brings out the best in our favorite teams and often has us sitting on the edge of our seats awaiting the outcome.
  

• Obama Approves Disaster Aid for Maryland Snowstorm

  07-03-2016 18:58
  
  Emergency management officials say President Obama has approved Maryland’s request for a disaster declaration after January’s record-breaking snowstorm. The Maryland Emergency Management Agency said in a news release that on March 4, Obama ordered federal aid to supplement state and …
  
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• Cathy Costello works to raise awareness for mental illness, insurance options - KOCO Oklahoma City

  07-03-2016 18:54 via
  KOCO Oklahoma City
  Cathy Costello works to raise awareness for mental illness, insurance options
  KOCO Oklahoma City
  Cathy Costello, the wife of slain Oklahoma Labor Commissioner Mark Costello, has teamed up with the insurance commissioner to raise awareness about mental illness and insurance options for treatments. Tweet · Pin It. Show Transcript Hide Transcript.and more »
  

• UT Dallas Students Receive Scholarships from Insurer Trade Group

  07-03-2016 18:47
  
  The Insurance Council of Texas (ICT) Education Foundation has honored five insurance and risk management students at the University of Texas at Dallas with scholarships and registration into the Gamma Iota Sigma (GIS) organization. UT Dallas on March 5 was …
  
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• OnRamp Insurance Conference to be held at Soldier Field in Chicago - Milwaukee Journal Sentinel

  07-03-2016 18:41 via
  OnRamp Insurance Conference to be held at Soldier Field in Chicago
  Milwaukee Journal Sentinel
  OnRamp, a Milwaukee-based forum for connecting start-ups, established corporations and venture capitalists, will hold its first event in Chicago — the largest-ever insurance technology conference in the Midwest, organizers said. OnRamp Insurance ...
  

• Imprisoned identity-fraud kingpin shares secrets of his scams

  07-03-2016 18:40
  
  Over almost two years, Hieu Minh Ngo made $2 million by providing illegal access to a massive database of personal information to hundreds of criminals.
  
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• Wisconsin Manufacturer Sued over Employee Compensation

  07-03-2016 18:39
  
  Current and former employees are suing Oshkosh Corp. subsidiary Pierce Manufacturing and calling for a jury trial in the case related to compensation. Oshkosh Northwestern Media reports that the class-action lawsuit accuses the manufacturing company of operating an “unlawful compensation …
  
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• Group Sues ExxonMobil Over Baton Rouge Chemical Plant Emissions

  07-03-2016 18:38
  
  An environmental group’s lawsuit claims ExxonMobil Corp. continues to violate Clean Air Act regulations despite a 2014 settlement over emissions from the company’s Baton Rouge chemical plant. The Louisiana Environmental Action Network sued the company in federal court on March …
  
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• NWS: North Dakota Spring Snowmelt Flood Risk ‘Very Low’

  07-03-2016 18:36
  
  The National Weather Service says the risk of noticeable flooding across North Dakota continues to drop. An updated report shows that the threat of significant and impactful snowmelt flooding is “very low” and any risk of high water would be …
  
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• Police: 1 Injured When Generator Explodes at Texas Refinery

  07-03-2016 18:35
  
  One person was injured when a generator inside a refinery near Houston exploded, authorities said on March 5. The incident occurred at the Pasadena Refining System Inc. The injured person was taken to a nearby hospital but Pasadena police spokesman …
  
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• Kansas Agency Joins Combined Agents of America

  07-03-2016 18:33
  
  The Texas-based agency partnership Combined Agents of America LLC (CAA) announced that Kansas-based United Agency joined CAA as its 53rd member. Offering both insurance and real estate solutions to Oklahoma and Kansas customers, United Agency has been serving Arkansas City …
  
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• Audit Criticizes Michigan Environmental Regulators over Flint Water Crisis

  07-03-2016 18:32
  
  Michigan environmental regulators made crucial errors as Flint began using a new drinking water source that would become contaminated with lead, auditors said on March 4, as crews in the city started to dig up old pipes connecting water mains …
  
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• CONSUMER FORUM How to shop for good deals on insurance in Maine - Bangor Daily News

  07-03-2016 18:31 via
  CONSUMER FORUM How to shop for good deals on insurance in Maine
  Bangor Daily News
  Many state-by-state rankings put Maine at or near the bottom. A new report by insurance commissioners across the country tells a different story. The National Association of Insurance Commissioners, or NAIC, ranks Maine third in terms of lowest average ...and more »
  

• Mass. Bill Would Mandate Background Checks for Rideshare Drivers

  07-03-2016 18:26
  
  Massachusetts state lawmakers unveiled a bill that would regulate ride-hailing services like Uber and Lyft with a requirement that drivers undergo rigorous criminal background checks but not fingerprinting. The House Financial Services Committee on March 4 released its version of …
  
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• Farm Losses From Virginia Tornadoes Climbing

  07-03-2016 18:14
  
  Farm losses from a series of tornadoes that battered Virginia last month stand at $1.6 million and counting. The Virginia Farm Bureau Mutual Insurance Co. says it has received 126 claims since the twisters swirled from Southside Virginia to the …
  
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• Marsh hires ex-AIG executive Doyle as president

  07-03-2016 18:10
  
  John Q. Doyle to lead Marsh LLC's global brokerage business beginning April 15.
  
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• Marsh & McLennan hires ex-AIG executive Doyle as president

  07-03-2016 18:10
  
  Marsh & McLennan Cos., the largest insurance broker by market value, hired former American International Group Inc. executive John Doyle as president.
  
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• Who's using what in the P&C insurance industry: March 7, 2016

  07-03-2016 18:05
  
  News from Confie and Verisk Insurance Solutions.
  
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• Chesapeake Employers Announces 4 Promotions in Maryland

  07-03-2016 17:53
  
  Chesapeake Employers’ Insurance Company, Maryland’s largest writer of workers’ compensation insurance, announced the following four promotions. Joan Adelman was recently promoted to assistant vice president of Legal Services. In addition to continuing to practice before the Workers’ Compensation Commission, Adelman …
  
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• BMW sees its future shift to ultimate self-driving machine

  07-03-2016 17:48
  
  BMWis shifting gears to automated driving as urbanization and changing attitudes toward cars redefine transportation.
  
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• New Mexico Court Revives Neighborhood Oil Contamination Case

  07-03-2016 17:31
  
  More than 200 current and former residents who claim decades of oil and gas operations led to contamination that spurred a rash of illnesses in their southeastern New Mexico neighborhood will be able to pursue their case thanks to a …
  
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• California Construction Company Owner Pleads Guilty to Workers’ Comp Fraud

  07-03-2016 17:28
  
  The owner of a Sacramento, Calif. construction company has pleaded guilty to tax evasion and workers’ comp insurance fraud. The Sacramento Bee reported that 47-year-old William Alan Huffman entered his plea last week after being arrested in January. The Sacramento County District …
  
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• U.S. Chamber Files Suit against Seattle over Uber, Lyft Ordinance

  07-03-2016 17:17
  
  The U.S. Chamber of Commerce is suing the city of Seattle over an ordinance that allows drivers of ridesharing apps Uber and Lyft to unionize, saying it violates federal antitrust laws. Seattle last year became the first U.S. city to …
  
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• Protector Holdings Acquires BetterWay Insurance in California

  07-03-2016 17:10
  
  Protector Holdings has acquired Concord, Calif.-based BetterWay Insurance Services. Terms of the deal were not released. BetterWay specializes in providing insurance services to Hispanic consumers, and writes wries auto, motorcycle, RV, boat, homeowners and renters insurance coverage from additional California …
  
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• Sweeney: Tiered health insurance plans help lower costs - Asbury Park Press

  07-03-2016 16:36 via
  Asbury Park Press
  Sweeney: Tiered health insurance plans help lower costs
  Asbury Park Press
  TRENTON - Horizon Blue Cross Blue Shield's new Omnia insurance plan has shaken up New Jersey's health care industry by including some hospitals and doctors in its top network and leaving others a step below. But state Senate President Stephen ...and more »
  

• Supreme Court Nixes AIG Bid to Recoup Foreign Tax Credits

  07-03-2016 16:34
  
  The U.S. Supreme Court on Monday rejected bids by three companies to recoup hundreds of millions of dollars in foreign tax credits denied by the Internal Revenue Service as the tax agency tries to curb corporate abuse of such credits. …
  
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• Rosier Insurance Offers Training for Disabled Veterans Insurance Careers - Naples Daily News

  07-03-2016 16:30 via
  Rosier Insurance Offers Training for Disabled Veterans Insurance Careers
  Naples Daily News
  Rosier Insurance recently collaborated with Disabled Veterans Insurance Careers (DVIC) by providing on the job training for its most recent class of disabled veterans. For more than 60 years, Rosier Insurance has protected the assets of its clients by ...
  

• Aon Renews Shortline Railroad Excess Liability Facility

  07-03-2016 16:07
  
  Aon Risk Solutions, the global risk management business of Aon plc, announced that their proprietary Shortline Railroad Excess Liability Facility in London has been renewed through 2018. The Aon Shortline Railroad Excess Liability Facility, backed by the security of Lloyd’s of London and …
  
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• Endurance Hires Quartly to Launch International Casualty Insurance Business

  07-03-2016 15:52
  
  Endurance Specialty Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced that Giles Quartly has joined the company senior vice president, head of International Casualty Insurance. Quartly will be responsible for Endurance’s international general liability …
  
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• Protecting yourself with umbrella insurance - WPRI 12 Eyewitness News

  07-03-2016 15:51 via
  Protecting yourself with umbrella insurance
  WPRI 12 Eyewitness News
  Dinari DuPont of Amica Mutual Insurance Company helps us understand what umbrella insurance is and why it's beneficial. rhode show kitchen generic with window · In the Kitchen: Gnocchi Marinara. Updated: 36 mins ago. Chris Kattawar and Aaron Thorpe ...
  

• Former AIG Executive Doyle to Join Marsh as President

  07-03-2016 15:22
  
  John Q. Doyle, who was ousted from the executive ranks of American International Group in a management shakeup in December, is joining global insurance broker Marsh. Marsh said it has appointed Doyle as president, effective April 15. In this newly-created …
  
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• UK’s Pool Re Renews Reinsurance Cover for Another 3 Years

  07-03-2016 15:00
  
  Pool Re announced it has renewed the reinsurance cover purchased in 2015, for a further three years. The renewed cover, which now includes an additional layer, provides £1.95 billion ($2.8 billion) of commercial reinsurance compared with £1.8 billion ($2.6 billion) …
  
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• Travelers Institute Kicks Off 2016 Consumer Insurance Education Series - Business Wire (press release)

  07-03-2016 14:30 via
  Travelers Institute Kicks Off 2016 Consumer Insurance Education Series
  Business Wire (press release)
  HARTFORD, Conn.--(BUSINESS WIRE)--The Travelers Institute, the public policy division of The Travelers Companies, Inc. (NYSE: TRV), today announced the start of its 2016 national consumer insurance education series, Insurance Essentials: Your ...and more »
  

• 3 different tactics to help you seal the deal

  07-03-2016 13:45
  Every insurance agent has his or her own style in closing sales, and no individual technique is best. But these three ways to close a sale can be used very effectively, if executed properly.
  
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• Life (Insurance) After HIV - Advocate.com

  07-03-2016 13:44 via
  Life (Insurance) After HIV
  Advocate.com
  After learning he couldn't buy life insurance on his own because he is HIV-positive, Mike Grant thought it would be worth exploring whether he might qualify for coverage under a group plan offered by his husband's employer. “I was thinking, maybe ...
  

• Altitude Risk Partners Appoints Audis as Senior Aviation Underwriter

  07-03-2016 13:37
  
  Altitude Risk Partners, the global aviation and space underwriting business, has expanded its general aviation capabilities with the appointment of Martin Audis as senior underwriter. Audis joins from Starr Aviation where he was a senior underwriter for general aviation business. …
  
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• What makes a great catastrophe adjuster?

  07-03-2016 13:30
  
  It can be summed up in three words: compassion, ability and training — or CAT for short.
  
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• Outside industries retreat from the business of insurance - PropertyCasualty360

  07-03-2016 13:19 via
  PropertyCasualty360
  Outside industries retreat from the business of insurance
  PropertyCasualty360
  New players disrupt the business of insurance and to create something new in a niche that the industry had not perceived. (Photo: Thinkstock). Cargill, Monsanto, Wells Fargo, and John Deere are officially out of the crop insurance business, according ...
  

• Outside industries retreat from the business of insurance

  07-03-2016 13:15
  
  Large companies, especially those that are publicly traded, have a different perspective on risk and profit than the typical insurer.
  
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