Insurance news

• How Much Car Insurance Rates Rise After an Accident or Violation - NerdWallet (blog)

  11-03-2016 23:31 via
  How Much Car Insurance Rates Rise After an Accident or Violation
  NerdWallet (blog)
  Car insurance is one of the few things people own for decades and hope never to use. Many drivers avoid filing even minor accident claims for fear of triggering higher premiums — either with their existing insurer or the next time they shop for coverage.
  

• Bridgeport man accused of insurance fraud for Stamford accident claim - The Advocate

  11-03-2016 23:06 via
  The Advocate
  Bridgeport man accused of insurance fraud for Stamford accident claim
  The Advocate
  STAMFORD — A Bridgeport man has been accused of requesting collision insurance hours after crashing his sports car into a traffic median and then trying to claim the accident happened weeks later, police said. According to the arrest affidavit of ...
  

• Undercover video provides rare glimpse into possible auto insurance fraud - CTV News

  11-03-2016 23:01 via
  CTV News
  Undercover video provides rare glimpse into possible auto insurance fraud
  CTV News
  If you're a driver in Ontario, you certainly don't need anyone to tell you that auto insurance rates are high. In 2014, the average Ontario driver paid a premium of $1,500, putting Ontario's insurance rates well above any other province. On average ...
  

• Osborne hits motorists with sharp rise in insurance tax - The Times (subscription)

  11-03-2016 22:41 via
  Osborne hits motorists with sharp rise in insurance tax
  The Times (subscription)
  The cost of motor insurance will rise by up to £80 in six months under plans to double a stealth tax on premiums, it emerged last night. George Osborne is believed to be preparing a dramatic increase in insurance premium tax, which is added to all ...and more »
  

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• Scaled-back Citizens insurance bill heading to governor - Sun Sentinel

  11-03-2016 22:34 via
  Sun Sentinel
  Scaled-back Citizens insurance bill heading to governor
  Sun Sentinel
  Hoping to avoid a veto by Gov. Rick Scott, the Senate on Friday accepted a House plan to revamp the policy-takeout process for Citizens Property Insurance customers. Senate sponsor Anitere Flores, R-Miami, said she had a "heavy heart" in recommending ...
  Citizens insurance customers can see all offers under billPalm Beach Post (blog)all 16 news articles »
  

• Driverless cars closer to U.S. green light

  11-03-2016 22:12
  
  Existing U.S. laws pose few barriers to adoption of autonomous vehicle technology so long as cars and trucks stick with existing designs allowing humans to take control, the NHTSA said Friday.
  
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• Chubb expands construction insurance to midsize policyholders - Business Insurance

  11-03-2016 22:12 via
  Business Insurance
  Chubb expands construction insurance to midsize policyholders
  Business Insurance
  Chubb said it will provide insurance product and services that previously had been offered only to large national and international construction firms, the insurer said Thursday in a statement. Chubb said admitted and nonadmitted insurance products now ...and more »
  

• Nova Scotia auto insurance laws clarified for drivers managing premiums - CBC.ca

  11-03-2016 20:51 via
  CBC.ca
  Nova Scotia auto insurance laws clarified for drivers managing premiums
  CBC.ca
  The Nova Scotia government wants to make it clear to all auto insurance companies in the province that drivers who cause minor accidents and then pay for damages themselves can't have their driving records penalized. In a statement released Tuesday ...
  

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• Many Unfamiliar With Health Insurance Lingo, Study Says - U.S. News & World Report

  11-03-2016 20:44 via
  Many Unfamiliar With Health Insurance Lingo, Study Says
  U.S. News & World Report
  FRIDAY, March 11, 2016 (HealthDay News) -- One-quarter of adults in Texas don't understand basic health insurance terms, a new report finds. Poor, uninsured and Hispanic Texans were least likely to know the meaning of health-plan basics such as ...and more »
  

• Sleepiness leads to a jump in accidents after spring time change, research finds

  11-03-2016 20:26
  
  Watch out for groggy commuters on Monday.
  
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• Insurance company must fairly reimburse emergency physicians - Tallahassee.com

  11-03-2016 19:48 via
  Tallahassee.com
  Insurance company must fairly reimburse emergency physicians
  Tallahassee.com
  A long-simmering problem for some Florida patients and their insurance companies –”balance billing” – has caught the attention of Florida legislators. Balance billing occurs when patients receive bills for medical services not covered by their health ...
  

• An Under-the-Radar, Dividend-Paying Insurance Stock for Long-Term Wealth Building - TheStreet.com

  11-03-2016 19:27 via
  TheStreet.com
  An Under-the-Radar, Dividend-Paying Insurance Stock for Long-Term Wealth Building
  TheStreet.com
  The stock market may have recovered most of its losses after having the worst start to a year in history amid crashing crude oil prices and the ripple effects of China's economic and market problems. With the global economic recovery still fragile ...
  Berkshire Hathaway (BRK-B) Stock Quote | The Motley FoolThe Motley Fool
  Berkshire Hathaway, Inc. (BRK-A) Stock Quote | The Motley FoolThe
  

• Pennsylvania Families Win $4.24M Verdict Against Gas Driller

  11-03-2016 18:58
  
  A federal jury has awarded two couples nearly $4.25 million after finding one of the largest natural gas drillers in Pennsylvania polluted their well water. The verdict Thursday comes at the end of a bitter and long-running federal lawsuit pitting …
  
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• Insurance Company Folds, Leaving Woe in Its Wake - East Hampton Star

  11-03-2016 18:56 via
  East Hampton Star
  Insurance Company Folds, Leaving Woe in Its Wake
  East Hampton Star
  Health Republic Insurance of New York, a nonprofit cooperative established in connection with the Affordable Care Act, had more than 200,000 customers, including more than 40,000 in Suffolk County. Carissa Katz. The Nov. 30 shutdown of Health Republic ...
  $1.2 billion in loans to ACA health insurance co-ops may be a loss, report warnsWashington Post
  Nathan Nascimento: California health insurance deductible
  

• J.M. Wilson Announces Promotions, New Hires

  11-03-2016 18:52
  
  Portage, Mich.-based J.M. Wilson announced several promotions and new hires. Sherry Ihling was promoted to senior brokerage underwriter and Jennifer Tonthola was promoted to senior transportation underwriter in the Portage location. The company added Suzane Wolf-Pierce as property/casualty underwriter in Madison, Wis., and …
  
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• Federal Audit Finds More Vermont Health Connect Startup Woes

  11-03-2016 18:52
  
  A new federal audit of the first six months of operations of Vermont Health Connect details how the system failed to meet several federal requirements designed to ensure that people who sought health insurance through the system were qualified to …
  
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• Buffett’s Gen Re shuts operations in 6 locations worldwide

  11-03-2016 18:51
  
  Gen Re, one of the giant reinsurance businesses at Warren Buffett’s Berkshire Hathaway Inc., said it’s exiting property-casualty operations at six smaller locations amid a global reorganization.
  
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• Delaware Commissioner: Beware of Unscrupulous Tax Preparers

  11-03-2016 18:45
  
  Delaware Insurance Commissioner Karen Weldin Stewart is advising consumers to beware of unscrupulous tax preparers this tax-filing season. Stewart said Thursday that the Department of Insurance has received reports of tax preparers who are wrongly informing Delawareans without health insurance …
  
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• Arthur J. Gallagher & Co. Acquires Braband Insurance in Illinois

  11-03-2016 18:44
  
  Itasca, Ill.-based insurance broker, Arthur J. Gallagher & Co., has acquired Vincent L. Braband Insurance Inc. in Arlington Heights, Ill.  Terms of the transaction were not disclosed. Established in 1930, Vincent L. Braband Insurance Inc. (Braband) is a retail insurance …
  
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• Minnesota Unemployment Rate Unchanged at 3.7%

  11-03-2016 18:41
  
  State officials say Minnesota’s unemployment rate held steady at 3.7 percent in January even though employers cut 5,000 jobs. The Department of Employment and Economic Development says 3,800 of those jobs were eliminated in the government sector. Despite those losses, …
  
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• Road Rules Would Ease for Farm Equipment Under Nebraska Bill

  11-03-2016 18:40
  
  Tractors, combines and fertilizer spreaders would have a little more freedom on Nebraska’s roadways under a bill that has won first-round approval from lawmakers. Senators advanced a bill, 39-0, that would relax weight and load restrictions for farm equipment on …
  
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• Cochran Named Eastern Louisiana Marketing Rep for Lighthouse Insurance - Insurance Journal

  11-03-2016 18:35 via
  Cochran Named Eastern Louisiana Marketing Rep for Lighthouse Insurance
  Insurance Journal
  Lighthouse Management LLC, a licensed MGA representing Lighthouse Property Insurance Corp. (Lighthouse), has appointed Jennifer Cochran as the marketing representative for eastern Louisiana. With eight years of experience in the insurance industry, ...
  

• Cochran Named Eastern Louisiana Marketing Rep for Lighthouse Insurance

  11-03-2016 18:35
  
  Lighthouse Management LLC, a licensed MGA representing Lighthouse Property Insurance Corp. (Lighthouse), has appointed Jennifer Cochran as the marketing representative for eastern Louisiana. With eight years of experience in the insurance industry, Cochran’s career has presented her with roles in …
  
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• By a Big Margin, Oklahoma House Passes Insurance Mandate for Autism Coverage

  11-03-2016 18:28
  
  Legislation that would require health insurers to cover autism treatment for children has been overwhelmingly approved by the Oklahoma House. By a vote of 76-20, House members passed House Bill 2962 following an emotional debate between the parents of autistic children …
  
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• Marshall & Sterling Acquires Valley Group in New York

  11-03-2016 18:26
  
  Marshall & Sterling Insurance announced that it has acquired the Valley Group Inc., an insurance and financial services agency based in Kingston, New York, with a satellite office in Hopewell Junction, New York. Since its founding in 1927, the Valley …
  
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• A Smaller Down Payment, and No Mortgage Insurance Required - New York Times

  11-03-2016 18:26 via
  New York Times
  A Smaller Down Payment, and No Mortgage Insurance Required
  New York Times
  It was a year of firsts: Kristian and Michele Klein welcomed their first child in 2015, a daughter, and bought their first home — a freshly renovated four-bedroom Cape Cod in Glen Head, N.Y.. But instead of making a traditional down payment of 20 ...and more »
  

• N.D. Aviation Business Operator Sues Airport Director for Discrimination

  11-03-2016 18:24
  
  A woman who operates an aviation business at the Minot, N.D., airport has filed a federal discrimination lawsuit against the airport director who quit last week after spearheading construction of a new terminal. Eva Lucke, formerly known as Eva Rojas, …
  
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• Oklahoma National Guard Airman with Cancer Expects to Lose Insurance - Insurance Journal

  11-03-2016 18:21 via
  Oklahoma National Guard Airman with Cancer Expects to Lose Insurance
  Insurance Journal
  In early 2014, as his Oklahoma Air National Guard unit ramped up for a Middle East deployment, Senior Airman Jesse Daniels noticed he wasn't feeling well. He got tired after just a few minutes on his feet. He couldn't walk more than 20 feet without ...and more »
  

• Oklahoma National Guard Airman with Cancer Expects to Lose Insurance

  11-03-2016 18:21
  
  In early 2014, as his Oklahoma Air National Guard unit ramped up for a Middle East deployment, Senior Airman Jesse Daniels noticed he wasn’t feeling well. He got tired after just a few minutes on his feet. He couldn’t walk …
  
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• CoreLogic Expands National Parcel Boundary Database

  11-03-2016 18:13
  
  CoreLogic, a global property information, analytics and data-enabled services provider, has expanded its proprietary property parcel database to cover more than 144 million parcel boundaries and parcel point locations. ParcelPoint, which includes patented technology, covers 97 percent of parcels and …
  
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• With plastic wrap and steely resolve, Garland teacher wins insurance fight - Dallas Morning News

  11-03-2016 18:01 via
  With plastic wrap and steely resolve, Garland teacher wins insurance fight
  Dallas Morning News
  So there's a guy in Garland driving around with the left side of his car taped shut with plastic wrap to keep out the cold and rain. It's the saddest-looking thing. The door is crushed in and the window is gone. Maybe you've seen Alek Jackson and his ...
  

• How Wage Insurance Could Ease Economic Inequality - New York Times

  11-03-2016 17:49 via
  New York Times
  How Wage Insurance Could Ease Economic Inequality
  New York Times
  Wage insurance may not be on your radar, but it should be. It helps people who have lost their jobs and cannot find new ones that pay as well. That assistance can reduce economic inequality while providing incentives for unemployed people to go back to ...
  

• Alabama health insurance deductibles going up - AL.com

  11-03-2016 17:46 via
  AL.com
  Alabama health insurance deductibles going up
  AL.com
  What good is health insurance coverage if you can't afford to actually use it? Unfortunately, that's not a rhetorical question. It's one facing thousands of Alabamians who are required to purchase health insurance on the Affordable Care Act's exchanges.and more »
  

• Washington Suit Filed over E. Coli Outbreak Linked to Dairy Festival

  11-03-2016 17:44
  
  A school district is among the targets of a lawsuit over an E. coli outbreak linked to sickened kids who attended a dairy festival field trip in Washington. The Seattle Times reported families of six kids sickened after last year’s …
  
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• New Mexico Governor Signs Ridesharing Bill

  11-03-2016 17:39
  
  New Mexico Gov. Susana Martinez arrived this week in her first Uber ride and signed a bill allowing ridesharing companies Uber and Lyft to operate in the state. The Republican governor said the measure ends the confusion over whether the companies …
  
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• California Bill Would Enable Independent Contractors to Unionize

  11-03-2016 17:34
  
  A longshot proposal introduced this week would make California the first state to allow rideshare drivers and all other independent contractors to unionize. The legislation comes one week after the U.S. Chamber of Commerce sued Seattle over the nation’s first city ordinance …
  
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• Confessions from the City: Love among the insurance claims - Evening Standard

  11-03-2016 17:32 via
  Evening Standard
  Confessions from the City: Love among the insurance claims
  Evening Standard
  I never intended to work in the City. An English lit graduate who couldn't pay the bills through freelance journalism, I took an internship at an insurer out of desperation, head still full of Brontë and Hardy. I arrived as a trainee loss adjuster in ...
  

• Brain Injury Linked To Increased Risk Of Losing Health Insurance - Medical Daily

  11-03-2016 16:56 via
  Medical Daily
  Brain Injury Linked To Increased Risk Of Losing Health Insurance
  Medical Daily
  A woman lies on an operating table during a brain surgery at the National Neurology Institute in Budapest December 15, 2012. REUTERS/Bernadett Szabo. Comment. 0 · 0. email; print; more. (Reuters Health) – - People who suffer traumatic brain injuries ...
  Traumatic Brain Injuries May Up Risk Of Losing Health InsuranceTech Times
  You May Lose Your Health Insurance If You Suffer From Trauma
  

• Federal Judge Rules BP Absolved from U.S. Lawsuits Over Drilling Ban

  11-03-2016 16:37
  
  BP Plc does not have to face U.S. lawsuits by energy and drilling companies over losses they suffered from an offshore drilling ban imposed soon after the 2010 Gulf of Mexico oil spill, a federal judge ruled. U.S. District Judge …
  
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• Personal Accident and Health Insurance in Slovakia, Key Trends and Opportunities to 2019 - Research and Markets - Business Wire (press release)

  11-03-2016 16:32 via
  Personal Accident and Health Insurance in Slovakia, Key Trends and Opportunities to 2019 - Research and Markets
  Business Wire (press release)
  Personal accident and health insurance is the smallest segment in the Slovak insurance industry, accounting for 3.1% of the total gross written premium in 2014. Agencies and direct marketing are the leading distribution channels in the personal ...and more »
  

• ‘Smart City’ Pilot Project to Test Tools Aimed at Reducing Accidents

  11-03-2016 16:07
  
  The U.S. Transportation Department and NXP Semiconductors NV are joining forces in a pilot project to use communication technology to reduce congestion and speed traffic, they said on Friday. The department said in December that it would award up to …
  
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• Born to insure: PIA National President Robert Hansen's rise to the top

  11-03-2016 14:15
  In an exclusive video interview with National Underwriter Property & Casualty, PIA's national president, Robert J. Hansen Jr., reflects on what drives him to keep selling after more than 30 years in the business.
  
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• People on the move in the P&C insurance industry: March 11, 2016

  11-03-2016 14:00
  
  News from Marsh, XL Catlin, Integro and more.
  
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• Malware Used to Steal $80M-Plus in Bangladesh Cyber Bank Heist: Officials

  11-03-2016 13:47
  
  Investigators suspect unknown hackers managed to install malware in the Bangladesh central bank’s computer systems and watched, probably for weeks, how to go about withdrawing money from its U.S. account, two bank officials briefed on the matter said on Friday. …
  
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• XL Catlin Appoints Greggains as CEO of Canadian Insurance Operations - Insurance Journal

  11-03-2016 13:26 via
  PropertyCasualty360
  XL Catlin Appoints Greggains as CEO of Canadian Insurance Operations
  Insurance Journal
  XL Catlin announced the appointment of Nick Greggains as chief executive officer of XL Catlin's Canadian insurance operations. In his new role, Greggains will lead XL Catlin's regional business strategy and guide “the development and delivery of ...
  People on the move in the P&C insurance industry: March 11, 2016PropertyCasualty360all 2 news articles »
  

• XL Catlin Appoints Greggains as CEO of Canadian Insurance Operations

  11-03-2016 13:26
  
  XL Catlin announced the appointment of Nick Greggains as chief executive officer of XL Catlin’s Canadian insurance operations. In his new role, Greggains will lead XL Catlin’s regional business strategy and guide “the development and delivery of innovative insurance solutions …
  
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• Can insurers have it both ways with small-business direct sales?

  11-03-2016 13:15
  
  Small-business insurance carriers are grappling with whether to sell directly to consumers over the web, but they're fearful of undermining their existing distribution force.
  
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• 4 facts about the insurance labor market - PropertyCasualty360

  11-03-2016 13:09 via
  PropertyCasualty360
  4 facts about the insurance labor market
  PropertyCasualty360
  A recent labor study survey says that the insurance industry will see a 1.72% increase in employment during the next 12 months. (Photo: iStock). A recent labor study conducted in the first quarter of 2016 showed that 66% of insurance companies surveyed ...
  

• 4 facts about the insurance labor market

  11-03-2016 13:00
  
  A study by the Jacobson Group and the Ward Group found that insurance companies are still facing moderate difficulty in filling open roles across all disciplines, though recruitment is less difficult.
  
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• Old Mutual to Split into 4 Units as CEO Works to Reverse Flagging Returns

  11-03-2016 11:27
  
  Old Mutual Plc plans to split into four units as Chief Executive Officer Bruce Hemphill breaks up the U.K. financial services company to reverse years of flagging returns. The insurer will spin off its controlling stake in South African lender …
  
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