Insurance news

• Insurance commissioner talks priorities for his successor - Bismarck Tribune

  15-03-2016 23:35 via
  Insurance commissioner talks priorities for his successor
  Bismarck Tribune
  North Dakota Insurance Commissioner Adam Hamm on Tuesday told a gathering of Republican Party faithful that cybersecurity will be the biggest challenge his successor to the office will face. Hamm addressed a group of about 35 at the Bismarck Municipal ...
  

• Farmers Being Recognized by IICF for Helping Disaster Stricken Communities

  15-03-2016 23:17
  
  Farmers Insurance will be presented with the Insurance Industry Charitable Foundation’s Golden Horizon Award at the organization’s annual Horizon Award Gala on Wednesday 16 at the Alexandria Hotel in downtown Los Angeles, Calif. Accepting the IICF award on behalf of …
  
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• Third party insurance adjusters becoming more prevalent in Colorado - The Denver Channel

  15-03-2016 23:09 via
  The Denver Channel
  Third party insurance adjusters becoming more prevalent in Colorado
  The Denver Channel
  AURORA, Colo. - With record-breaking hail storms and catastrophic wildfires, Colorado is now the number two state in the nation in insurance claims – second behind only Texas, according to the Rocky Mountain Insurance Information Association. As a ...and more »
  

• Survey Shows Many Americans Fine with Lying to the IRS, or Their Insurer

  15-03-2016 23:01
  
  Call it a “little green lie.” A number of Americans apparently find it acceptable to lie when there’s money at stake. A survey of 2,115 American adults from NerdWallet conducted in February shows a surprising number of people will fib …
  
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• Without soil data, crop insurance pricing is a bust - Cornell Chronicle

  15-03-2016 22:08 via
  Without soil data, crop insurance pricing is a bust
  Cornell Chronicle
  Farmers depend on insurance to cope with the enormous risk and cost it takes to coax crops from the ground. Unpredictable weather and rampaging pests all figure into the insurance rates farmers pay for economic protection, but there's one crucial ...and more »
  

• New no-frills insurance plan for higher hospital class - The Straits Times

  15-03-2016 22:02 via
  The Straits Times
  New no-frills insurance plan for higher hospital class
  The Straits Times
  Singaporeans wanting insurance coverage for a higher hospital class than that provided by the basic MediShield Life can opt for a new standardised package from five private insurers from May 1. This new Integrated Shield Plan (IP) will cover nine out ...and more »
  

• This Health Insurance Startup Just Landed a Top Google Exec - Fortune

  15-03-2016 21:46 via
  Fortune
  This Health Insurance Startup Just Landed a Top Google Exec
  Fortune
  He previously oversaw the Google Docs and Google Drive services. Oscar, the health insurance upstart which has enjoyed a huge influx of funding from groups like Fidelity, Google Capital, Goldman Sachs, and others on the way to an approximate $3 billion ...
  Health Insurance Start-Up Oscar Lost $100M In 2015Forbesall 10 news articles »
  

• Where It's Cheapest And Costliest To Obtain Car Insurance - Yahoo Autos

  15-03-2016 21:35 via
  Yahoo Autos
  Where It's Cheapest And Costliest To Obtain Car Insurance
  Yahoo Autos
  Despite the proliferation of fast-food chains and big-box department stores, America is a land of diversity in its culture, its ethnicity, and – especially – its car insurance rates. While auto premiums are largely based on personal factors, including ...
  

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• Insurance companies invest in coverage for ride sharing - ABC10.com

  15-03-2016 20:39 via
  ABC10.com
  Insurance companies invest in coverage for ride sharing
  ABC10.com
  Transportation network companies like Uber and Lyft are growing so rapidly that their services are outpacing regulation and support. Insurance companies, however are finally starting to catch up. "The cool thing about the millennials is they're ...
  Lyft and GM Announce Express Drive Program for Drivers — Lyft BlogLyft Blog
  Lyft Raises $1 Billion, Partners with GM on Future of Transportation — Lyft BlogLyft B
  

• Insurance Industry in Ghana 2016-2019 - Key Trends and Opportunities - Research and Markets - Business Wire (press release)

  15-03-2016 19:37 via
  Insurance Industry in Ghana 2016-2019 - Key Trends and Opportunities - Research and Markets
  Business Wire (press release)
  The 'The Insurance Industry in Ghana, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers and challenges in the Ghanaian insurance industry. It provides key performance indicators such as written ...and more »
  

• Access Insurance Group Acquisition Announcement - Marketwired (press release)

  15-03-2016 19:34 via
  Access Insurance Group Acquisition Announcement
  Marketwired (press release)
  RED DEER, ALBERTA--(Marketwired - March 15, 2016) - Access Insurance Group is pleased to announce the successful acquisition of Clarke Insurance Services and Lacombe Agencies. A legacy of 15 years of quality service has now been transferred, and ...and more »
  

• Chamber of Commerce Vows to Sue Over Retirement Advisor Rule

  15-03-2016 19:30
  
  The U.S. Chamber of Commerce said on Monday it is prepared to sue the federal government if it finds a proposed rule on financial advisers meant to protect retirees is unworkable. The rule would create a “fiduciary standard,” meaning that …
  
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• RLI to Present at the NYSSA Raymond James Insurance Conference - Business Wire (press release)

  15-03-2016 19:08 via
  RLI to Present at the NYSSA Raymond James Insurance Conference
  Business Wire (press release)
  PEORIA, Ill.--(BUSINESS WIRE)--RLI Corp. (NYSE: RLI) -- RLI Corp. announced today that Craig Kliethermes, RLI Insurance Company President & COO, will speak at the New York Society of Security Analysts 20th Annual Insurance Industry Conference on ...and more »
  

• IDC: Cyber Insurance Will Be Commonplace In The Future - InformationWeek

  15-03-2016 19:06 via
  InformationWeek
  IDC: Cyber Insurance Will Be Commonplace In The Future
  InformationWeek
  IDC is advising insurers, faced with a mature market, to consider offering cyber insurance. Cybercrimes, it says have cost the global economy $445 billion. In a mature insurance market, IDC has identified cyber insurance as an "excellent" opportunity ...
  IDC Financial Insights Explores the Rising Demand for Cyber Insurance and the Opportunity It Creates for Insurers ...Business Wire (press release)all 3 news
  

• Munich Re names Joachim Wenning CEO to succeed von Bomhard

  15-03-2016 18:50
  
  Wenning, 51, is currently a board member with responsibility for life reinsurance and human resources.
  
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• Everest Insurance™ Announces Updates To its U.S. Specialty Commercial Portfolio - Business Wire (press release)

  15-03-2016 18:29 via
  Everest Insurance™ Announces Updates To its U.S. Specialty Commercial Portfolio
  Business Wire (press release)
  HAMILTON, Bermuda--(BUSINESS WIRE)--Everest Re Group, Ltd. (NYSE: RE) announces the rebranding of its program business division within the U.S. specialty insurance platform, Everest Insurance™ , to Everest Underwriting Partners. This change is ...and more »
  

• Data breaches continue to increase, according to figures from Beazley

  15-03-2016 18:15
  
  Data breach insurer projects that ransomware attack will increase 670%.
  
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• New Hampshire House Approves Bill Aimed at Regulating Uber

  15-03-2016 17:58
  
  The New Hampshire House is giving initial approval to a bill that would regulate drivers of Uber and other ridesharing services in the state. Some taxi companies complain the service is not subject to the same strict regulations, and cities …
  
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• Brit Launches New Fine Art & Specie Offering

  15-03-2016 17:57
  
  Brit Limited has launched a product for the fine art and specie sector. The product, Conexus, has been designed by Brit to combine cover for fine art and specie, property business interruption and general liability into a single policy. The …
  
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• Parr Insurance Launches Ridesharing Policy for Electric Vehicle Fleets in Chicago

  15-03-2016 17:49
  
  Parr Insurance Brokerage, an independent insurance agency, has created a new policy for electric vehicles (EV) ridesharing in Chicago. Parr developed the policy for Chicago-based E-Rive, an electric-vehicle car sharing service. Electric vehicle maker BYD will provide its e6 cross-over …
  
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• Greene & Associates Opens Conn. Office, Adds Perry as Underwriter

  15-03-2016 17:48
  
  Greene & Associates, an East Aurora, New York-based underwriting manager and wholesale broker for excess and surplus lines coverage, opened a satellite office in Glastonbury, Connecticut. The firm also hired Scott Perry as underwriter/broker based in the new Glastonbury office. …
  
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• Bank of England Faces ‘Advanced, Persistent & Evolving’ Cyber Threats

  15-03-2016 17:47
  
  The Bank of England is frequently faced with cyber threats as hackers probe for vulnerabilities in the central bank’s computer systems. The revelation was made in a response by the U.K. central bank to a Freedom of Information request by …
  
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• At Least 32 Injured in Amtrak Train Derailment in Kansas

  15-03-2016 17:36
  
  An engineer noticed a significant bend in a rail and applied the emergency brakes before a passenger train derailed in western Kansas early on March 14, an official said. The Amtrak train apparently was travelling at about 75 mph when …
  
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• QBE Launches Inland Marine Practice, Taps Pye to Lead

  15-03-2016 17:35
  
  QBE Specialty has launched a suite of products for its newly created Inland Marine practice. This expansion includes a range of offerings for the following industry groups: Construction: Buildings and structures under construction, installation projects, and contractor’s equipment Energy: Well …
  
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• Vermont Fines 2 Insurers for Non-Compliance

  15-03-2016 17:33
  
  Vermont Department of Financial Regulation (DFR) Commissioner Susan L. Donegan announced that Travelers Insurance Co. and Liberty Mutual Insurance Co. have paid Vermont $154,000 in fines and repaid consumers another $54,500. Donegan said on March 10 that the two insurance …
  
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• Distracted Driving Crashes Increase in Wisconsin

  15-03-2016 17:31
  
  The number of traffic crashes associated with distracted driving is on the rise in Wisconsin, including the number of fatal accidents. More than 24,000 crashes involving a distracted driver occurred in 2015, compared with nearly 22,200 crashes in 2014, USA …
  
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• Water Starting to Recede from Homes in North Louisiana

  15-03-2016 17:28
  
  Emergency officials in Louisiana and Mississippi were watching the rise of the Pearl River that divides the two states on March 14 amid widespread flooding that has damaged thousands of homes. In north Louisiana, the water has started to recede …
  
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• Weather Service Assessing Possible Tornado Damage in Arkansas

  15-03-2016 17:25
  
  The National Weather Service is sending investigators to assess damage and determine if tornadoes touched down in Arkansas as a fast-moving storm system brought rain and hail across the state. Meteorologist Michael Brown says it’s believed three to five tornadoes …
  
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• Lockton Adds 2 Employee Benefits Experts in Omaha

  15-03-2016 17:22
  
  Insurance broker Lockton announced that Molly Riley and Mary McMartin have joined its Omaha, Neb., office. Riley has joined as an employee benefits producer and McMartin has joined as an employee benefits account executive. Riley comes to Lockton from Blue …
  
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• Oklahoma Court Says Workers’ Comp 180-Day Rule Is Unconstitutional

  15-03-2016 17:17
  
  Oklahoma’s workers’ compensation system took a hit on March 1, 2016, when the state’s Supreme Court ruled as unconstitutional the provision in the 2013 Oklahoma Workers’ Compensation Act that prohibits workers’ comp claims from workers who have been employed less than …
  
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• Express Scripts says US drug spending rose 5.2% in 2015 - Business Insurance

  15-03-2016 16:46 via
  Business Insurance
  Express Scripts says US drug spending rose 5.2% in 2015
  Business Insurance
  Photo by REUTERS Customers wait in line in the pharmacy department at a Target store in the Brooklyn borough of New York, June 15, 2015. (Reuters) — U.S. spending on prescription drugs rose 5.2% in 2015, including the effect of rebates, driven by an ...
  Modest Price Cut Expected For Generic Version Of Cancer Pill GleevecNPR
  Consumer Price Index News Release - Bureau of Labor StatisticsBureau
  

• Abuse Lawsuit Filed against Colorado Halfway House

  15-03-2016 16:33
  
  Two women say they faced unwanted sexual advances while living at a Colorado Springs, Colo. halfway house. The Colorado Springs Gazette reported that according to a federal lawsuit filed against Community Alternatives of El Paso female residents say they felt …
  
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• Unknown Amount of Oil from Leaking Cargo Ship in Southern California Harbor

  15-03-2016 16:31
  
  Authorities say a large cargo ship has leaked an unknown amount of oil in the Los Angeles Harbor. The Coast Guard says the leak was reported Sunday evening, where an oily sheen was visible near the vessel Istra Ace. It’s …
  
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• Who Is Starwood Bidder China's Anbang Insurance Group? - Fortune

  15-03-2016 16:28 via
  Fortune
  Who Is Starwood Bidder China's Anbang Insurance Group?
  Fortune
  From obscurity to becoming a major player in luxury real estate. China's Anbang Insurance Group Co has emerged from near obscurity 18 months ago to sign deals worth more than $30 billion, moving into the big league of global real estate and finance.
  The Short Answer What is Anbang Insurance?Wall Street Journal (blog)all 1,073 news articles »
  

• Utah Job Corps Wrongful Death Suit Draws Support, Criticism

  15-03-2016 16:28
  
  A wrongful death lawsuit against Clearfield Job Corps Center in Utah has drawn support and criticism from former students. The Standard-Examiner reported 17-year-old Isela Huerta Carranza left the center and went without her insulin. She returned March 10 and died …
  
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• Earthquakes Hit South Central Alaska, Aleutians

  15-03-2016 16:27
  
  A magnitude 4.5 earthquake that hit south-central Alaskawas felt in the state’s largest city, Anchorage, and was one of several recent quakes in the area. The National Tsunami Warning Center says the quake hit at 12:57 p.m. on Saturday and was …
  
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• 2 Instech Startups Target Small Business Insurance Market - Insurance Journal

  15-03-2016 15:48 via
  VentureBeat
  2 Instech Startups Target Small Business Insurance Market
  Insurance Journal
  Next Insurance, an online shopper for small businesses, today announced a $13 million seed investment led by investors Zeev Ventures, TLV Partners and Ribbit Capital. Next Insurance plans to launch its first product in the spring. Last week, New ...
  Next Insurance secures $13 million to sell insurance to small businessesVentureBeat
  New insurance tech firm Next lands $13m investmentIntelligent Insurerall
  

• Insurance against loans gets popular in non-life industry - Business Standard

  15-03-2016 15:46 via
  Business Standard
  Insurance against loans gets popular in non-life industry
  Business Standard
  Loan takers for a house or a vehicle are now having access to a larger product suite not only in life insurance but also general insurance products. An array of products are available in the market to ffer covers against unemployment, personal accident ...
  

• Insurance is next target for founders who sold payments startup to Intuit - Silicon Valley Business Journal (blog)

  15-03-2016 15:21 via
  Silicon Valley Business Journal (blog)
  Insurance is next target for founders who sold payments startup to Intuit
  Silicon Valley Business Journal (blog)
  The founders of Check, who sold their mobile payments startup to Intuit in 2014 for more than $350 million, are back, tackling the business insurance industry this time. Guy Goldstein, Nissim Tapiro, and Alon Huri on Tuesday announced they raised a ...
  Israeli Next Insurance pulls $13M seed to challenge U.S. small business insurance marketGeekti
  

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