Insurance news

• Pet Insurance: Is it worth it? - wreg.com

  16-03-2016 23:59
  wreg.com
  Pet Insurance: Is it worth it?
  wreg.com
  "As soon as we got Floyd. Microchip, name tag, insurance. These are the things we need to have," she said. She is in the minority. Cornejo Bello already had insurance for her English Sheepdog Goose. It covered several problems including a tooth procedure.
  

• Town had no liability insurance on Hadlock Dam since 2008 - Glens Falls Post-Star

  16-03-2016 23:34
  Glens Falls Post-Star
  Town had no liability insurance on Hadlock Dam since 2008
  Glens Falls Post-Star
  FORT ANN | When the Hadlock Pond Dam breached in 2005, the town had liability insurance on it but did not have insurance for physical damage to the dam. The dam was repaired and the pond refilled in 2008. But if the dam had collapsed again between ...
  

• Vienna Insurance Profit Falters on Romania and Poland Writedowns - Bloomberg

  16-03-2016 23:29
  Vienna Insurance Profit Falters on Romania and Poland Writedowns
  Bloomberg
  Vienna Insurance Group AG said pretax profit last year fell 67 percent as writedowns caused by its Romanian and Polish businesses added to earlier impairments of computer systems at Eastern Europe's biggest insurer. The profit declined to 172 million ...and more »
  

• Online Comparison Launched by California Department of Insurance - Insurance Journal

  16-03-2016 23:13
  Insurance Journal
  Online Comparison Launched by California Department of Insurance
  Insurance Journal
  Insurance Commissioner Dave Jones wants California drivers know about the department's online tool that helps consumers shop for different insurers based on price. The tool is now being launched by the California Department of Insurance is designed to ...and more »
  

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• Budget 2016: What does it mean for… Insurance - Express.co.uk

  16-03-2016 23:13
  Express.co.uk
  Budget 2016: What does it mean for… Insurance
  Express.co.uk
  INSURANCE bills are to rise again after a second tax raid in less than six months. PUBLISHED: 00:01, Wed, Mar 16, 2016 | UPDATED: 22:13, Wed, Mar 16, 2016. A man driving a car GETTY. Young drivers will face a £50 increase under the new Budget ...and more »
  

• HEALTH CARE: Long-term care insurance: Less bang, more buck - Press-Enterprise

  16-03-2016 22:55
  Press-Enterprise
  HEALTH CARE: Long-term care insurance: Less bang, more buck
  Press-Enterprise
  Therapist Mary Julia Klimenko, 69, invested in a long-term care insurance policy, but her monthly premiums have nearly quadrupled over the past two years. Klimenko is furious with the choices she's been given: pay the higher cost, reduce her costs by ...
  Long-Term Care Insurance: Less Bang, More BuckCalifornia Healthlineall 8 news articles »
  

• Hartford to buy Maxum Specialty Insurance for $170M

  16-03-2016 22:45
  
  Acquisition will give Hartford’s Small Commercial business Excess and Surplus lines capability.
  
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• Utah Judge Limits Suit over Drunken Attack at Ski Resort’s Oktoberfest

  16-03-2016 22:38
  
  A Utah judge this week tossed out part of a lawsuit filed by a family who says they were beaten by drunken revelers at a ski resort’s Oktoberfest celebration because the event has turned into a booze-fueled Rocky Mountain spring …
  
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• New Mexico Court Rules Prison Firm Can Be Held Liable for Rapes

  16-03-2016 22:35
  
  The New Mexico Supreme Court affirmed this week that a private prison operator may be held liable to pay damages to three female inmates who were raped by a guard. The opinion could influence the final outcome of an appeal …
  
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• Online Comparison Launched by California Department of Insurance

  16-03-2016 22:30
  
  Insurance Commissioner Dave Jones wants California drivers know about the department’s online tool that helps consumers shop for different insurers based on price. The tool is now being launched by the California Department of Insurance is designed to enable consumers …
  
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• St. Louis County insurance broker admits defrauding mentally impaired man - STLtoday.com

  16-03-2016 22:27
  STLtoday.com
  St. Louis County insurance broker admits defrauding mentally impaired man
  STLtoday.com
  ST. LOUIS • A St. Louis County insurance agent and broker pleaded guilty to a wire fraud charge Wednesday and admitted taking at least $1.4 million from a mentally impaired man for whom he was handling money. The victim, who was identified only by ...
  

• Citizens: Let's ask governor to investigate water claims, insurance rate hikes - Sun Sentinel

  16-03-2016 22:03
  Sun Sentinel
  Citizens: Let's ask governor to investigate water claims, insurance rate hikes
  Sun Sentinel
  Is it time for the governor to weigh in on South Florida's property insurance 'crisis'? Privacy Policy. A member of Citizens Property Insurance Corp.'s governing board suggested asking Gov. Rick Scott to convene a "blue ribbon panel" to identify ...
  Citizens insurance: Limit 'weaponized' water claims to $10K under planMyPalmBeachPostall 3 news articles »
  

• U.S. automakers agree to adopt crash-avoidance braking by 2022

  16-03-2016 21:55
  
  Twenty major automakers will announce a voluntarily agreement to equip cars and trucks with automatic emergency-braking systems designed to detect and prevent crashes without driver action.
  
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• The Hartford To Acquire Maxum Specialty Insurance Group - Business Wire (press release)

  16-03-2016 21:15
  Bloomberg
  The Hartford To Acquire Maxum Specialty Insurance Group
  Business Wire (press release)
  HARTFORD, Conn.--(BUSINESS WIRE)--The Hartford has entered into a definitive agreement to purchase Northern Homelands Company, the holding company of Maxum Specialty Insurance Group, for $170 million in cash. “We are pleased to join an iconic ...
  Hartford to buy Maxum Specialty Insurance for $170MPropertyCasualty360all 6 news articles »
  

• Around the P&C insurance industry: March 16, 2016

  16-03-2016 21:15
  
  News from Sapiens, Parr Insurance, XL Catlin and more.
  
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• State quietly pushes cost-raising insurance regulations - R Street

  16-03-2016 20:52
  State quietly pushes cost-raising insurance regulations
  R Street
  California political observers are understandably fixated on the goings-on in the state Legislature, which is the living embodiment of what New York Judge Gideon Tucker wrote in an 1866 ruling: “No man's life, liberty or property are safe while the ...
  

• Maryland's discriminatory car insurance scheme - Baltimore Sun

  16-03-2016 20:43
  Maryland's discriminatory car insurance scheme
  Baltimore Sun
  Car insurance should be priced to reflect the risk of the driver getting into an accident. But in Maryland, insurance companies use non-driving related factors — including education, occupation, marital status, homeownership and credit — to set the ...and more »
  

• NFL Acknowledges Head Trauma Disease CTE Link for First Time

  16-03-2016 19:30
  
  An NFL official has acknowledged a link between football and the brain disease CTE for the first time. Jeff Miller, the NFL’s senior vice president for health and safety, spoke about the connection during an appearance Monday at a congressional …
  
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• TUMI Launches Local & Intermediate Trucking Program

  16-03-2016 18:55
  
  Trinity Underwriting Managers, Inc. (TUMI), a Georgia based program administrator, has established a local and intermediate trucking program.  This product is underwritten on behalf of an ‘A’ rated carrier and is backed by two ‘A+’ rated reinsurers. Target risks will …
  
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• New B1 insurance plan fails to address some concerns - The Straits Times

  16-03-2016 18:53
  The Straits Times
  New B1 insurance plan fails to address some concerns
  The Straits Times
  This week, the Ministry of Health (MOH) announced the introduction of a standard B1 plan for those who want basic medical insurance coverage at the B1 level. That's one class above the B2 level that MediShield Life covers. At B1, patients can choose ...and more »
  

• Obama nominates Merrick Garland for Supreme Court

  16-03-2016 18:25
  
  “I chose a serious man and exemplary judge,” the president said at ceremony in the Rose Garden.
  
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• A Drive to Help the Poor Get Back Behind the Wheel

  16-03-2016 17:59
  
  Zia Gbau, who came to Vermont as a refugee from the Republic of Congo, suffered a serious stroke last year and was unable to work for several months. Without money, his truck fell into disrepair, and he got two tickets …
  
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• Smoking in Cars With Kids Could Soon Be Illegal in Virginia

  16-03-2016 17:56
  
  Smoking cigarettes in a vehicle in the presence of young children may soon be illegal in Virginia. The Daily Progress reports that the bill awaiting the governor’s signature would make it illegal to smoke in a motor vehicle with children …
  
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• The Hilb Group Acquires Raley, Watts & O’Neill in Maryland

  16-03-2016 17:54
  
  The Hilb Group, a middle market insurance agency based in Richmond, Virginia, announced Wednesday that it has acquired Raley, Watts & O’Neill (RWO), an independent agency based in the town of California in Maryland. Terms of the transaction, which became …
  
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• First-time house hunters lose in busy U.S. homebuying season

  16-03-2016 17:46
  
  As the key U.S. spring sales season gets under way, robust real estate demand is being outweighed by a persistent lack of lower-priced supply.
  
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• Police: Former employee stole over $400k from insurance agencies - FOX43.com

  16-03-2016 17:41
  FOX43.com
  Police: Former employee stole over $400k from insurance agencies
  FOX43.com
  LOWER PAXTON TWP., Dauphin County, Pa. — Lower Paxton Township Police say a woman stole over $400,000 from two insurance agencies she worked for and their clients. Diane M. Fabian, 65, of Middletown, faces 76 counts of Theft by Deception, Theft ...and more »
  

• NFI Roadrail and NFI Industries Settle Texas Wage Discrimination Suit

  16-03-2016 17:38
  
  Federal officials say two New Jersey-based companies has settled a suit over unequal pay at a workplace in Texas. The U.S. Equal Employment Opportunity Commission (EEOC) reported that NFI RoadRail LLC and NFI Industries Inc., which provide logistics, transportation and …
  
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• Goodman, Part III: Health-Insurance Tax Credits Are "A Financial Mandate" - Forbes

  16-03-2016 17:37
  Forbes
  Goodman, Part III: Health-Insurance Tax Credits Are "A Financial Mandate"
  Forbes
  Speaker of the House Paul Ryan, R-Wis., meets with reporters on Capitol Hill in Washington, Thursday, Feb. 4, 2016, as he announces the formation of six committee-led task forces charged with developing agendas on national security, tax reform, jobs, ...and more »
  

• AIA Applauds Mass. Gov. Baker’s Signing of Opioid Abuse Legislation

  16-03-2016 17:35
  
  The American Insurance Association (AIA) lauded Massachusetts Gov. Charlie Baker for signing comprehensive opioid abuse legislation (H 4046) Monday. Opioids are synthetic versions of opium-derived drugs, many of which were initially developed to treat end-stage cancers and now are increasingly …
  
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• Munich Re sees lower profit, plans new $1.1 billion buyback

  16-03-2016 17:29
  
  Munich Re expects profit to decline this year as falling prices for its products and low interest rates weigh on investment earnings.
  
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• Police: Rash of Burglaries in Minot ‘Almost Overwhelming’

  16-03-2016 17:25
  
  A spike in burglaries in Minot, N.D. last year has continued into this year, and police say the rash of break-ins has become “almost overwhelming.” Authorities are investigating 16 burglaries in seven days, including four that occurred late Sunday or …
  
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• CNA Appoints Dieter Korte VP Underwriting, Manufacturing

  16-03-2016 17:21
  
  Chicago-based CNA has appointed Dieter Korte as vice president, Underwriting for the company’s Manufacturing Segment. He will report to John Tatum, senior vice president, Commercial Segments. Dieter joins CNA from Chubb, where he served in a variety of roles over …
  
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• Britain Raises Insurance Premium Tax to 10% to Fund Flood Defenses

  16-03-2016 17:19
  
  Britain’s finance minister George Osborne said on Wednesday he would raise the tax on motor and home insurance premiums by 0.5 percentage points to 10 percent to fund flood defenses, boosting insurance shares as the rise was smaller than anticipated. The tax hike follows a 3.5 …
  
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• Arthur J. Gallagher Acquires Oklahoma’s Bomford, Couch & Wilson

  16-03-2016 17:19
  
  Arthur J. Gallagher & Co. has acquired Bomford, Couch & Wilson Inc. in Miami, Okla. Terms of the transaction were not disclosed. Established in 1904, Bomford, Couch & Wilson (BCW) is a retail insurance broker providing commercial property/casualty, risk management …
  
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• Investigators Looking at Rail Condition in Kansas Amtrak Derailment

  16-03-2016 17:15
  
  Investigators looking into the derailment of an Amtrak passenger train in southwest Kansas will review rail conditions and other factors to determine the cause of the accident, a federal transportation official says. Amtrak’s Southwest Chief was carrying more than 140 …
  
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• ATF Investigating $5M Fire at South Dakota Mink-Processing Business

  16-03-2016 17:11
  
  Federal authorities are investigating the cause of a fire that destroyed a mink-processing business in Arlington. A team from the Bureau of Alcohol, Tobacco, Firearms and Explosives on Saturday started investigating the scene at Top Lot Processors. The ATF says …
  
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• Seat-Back Failure Leads to $124.5M Texas Verdict Against Audi

  16-03-2016 17:05
  
  A Texas jury ordered Volkswagen AG’s Audi unit to pay $124.5 million to an 11-year-old boy who was left brain damaged in a 2012 rear-end collision. The parents of Jesse Rivera Jr. claimed the seat back of the 2005 Audi …
  
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• Auto and household insurance up in February consumer price index

  16-03-2016 16:30
  
  Auto insurance saw an increase of 5.1% and household insurance rose 1.6%.
  
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• Teamsters, Lyft Drivers Objecting to Class-Action Settlement

  16-03-2016 16:10
  
  Five Lyft drivers and the Teamsters union will object to a proposed class action settlement, saying it would shortchange drivers by keeping them as independent contractors instead of employees, a union spokesman said on Tuesday. Lyft and larger rival Uber …
  
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• Another Kind of Puffing May Be Legal in Colorado for Some

  16-03-2016 16:02
  
  It would be legal to leave cars running unattended – if they have remote-start systems – under a Colorado bill headed to the governor. The bill updates the state’s ban on so-called “puffing,” or leaving a car running while the …
  
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• California University Students Ride to Class in Driverless Shuttle

  16-03-2016 15:50
  
  Students at Sacramento State in California are being offered a ride to class in a driverless shuttle whose inventors hope will become the favored method of transportation on campuses and other small communities. The oversized golf cart fitted with computers …
  
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• Allied World // FrameWRXSM Receives Business Insurance 2016 Innovation Award - Business Wire (press release)

  16-03-2016 15:41
  Allied World // FrameWRXSM Receives Business Insurance 2016 Innovation Award
  Business Wire (press release)
  ZUG, Switzerland--(BUSINESS WIRE)--On March 14th, Allied World // FrameWRXSM (“FrameWRX”), a prescriptive and proactive cyber risk management solution designed to empower companies to address exposure head on, was recognized as the ...and more »
  

• Ignition Switch Plaintiffs Ask Court to Toss GM Liability Shield Gained in Bankruptcy

  16-03-2016 15:17
  
  Attorneys for customers suing General Motors Co. over faulty ignition switches urged a U.S. appeals court on Tuesday to throw out bankruptcy court rulings that they say shield the company from lawsuits potentially worth billions of dollars. A panel of …
  
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• 4 questions to ask your flood insurance agent about new FEMA maps - NOLA.com

  16-03-2016 15:05
  NOLA.com
  4 questions to ask your flood insurance agent about new FEMA maps
  NOLA.com
  Questions For Your Flood Insurance Agent Four questions property owners should ask their flood insurance agent suggested by Jefferson Parish flood-plains management director Michelle Gonzales. Print Email · Littice Bacon-Blood, NOLA.com | The Times- ...
  

• CDC Issues Opioid Prescription Guideline for Primary Care Doctors

  16-03-2016 14:38
  
  The Centers for Disease Control and Prevention (CDC) has issued new recommendations for prescribing opioid medications for chronic pain. The “CDC Guideline for Prescribing Opioids for Chronic Pain, United States, 2016” was developed in response to an epidemic of prescription …
  
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• Bajaj Allianz Insurance eyes Rs 3000 crore new business in FY16 - Daily News & Analysis

  16-03-2016 14:31
  Daily News & Analysis
  Bajaj Allianz Insurance eyes Rs 3000 crore new business in FY16
  Daily News & Analysis
  Bajaj Allianz Life officials said there are challenges for the industry remains as another 10-12 regulations from the regulator IRDA is awaited. 1; 0; 0; 1. Wed, 16 Mar 2016-06:57pm , Kolkata , PTI. IRDA regulations in 2010 on ULIPs and snapping on tie ...and more »
  

• Budget 2016: Insurance Premium Tax - what is it and what's changing? - Telegraph.co.uk

  16-03-2016 14:26
  Telegraph.co.uk
  Budget 2016: Insurance Premium Tax - what is it and what's changing?
  Telegraph.co.uk
  Following the Budget, Telegraph Money takes a look at the basics of Insurance Premium Tax, and what is changing as a result of today. What is it. First introduced in 1994, Insurance Premium Tax (IPT) is a tax on general insurance premiums, including ...
  Britain raises insurance premium tax to 10 percentReuters UK
  Customers could ditch insurance if IPT is hiked again, ABI warnsBelfast Telegraph
  B
  

• Exclusive: Chinese insurance giant in talks to invest in 2 million-square-foot Bay Area office development - Silicon Valley Business Journal

  16-03-2016 14:22
  Silicon Valley Business Journal
  Exclusive: Chinese insurance giant in talks to invest in 2 million-square-foot Bay Area office development
  Silicon Valley Business Journal
  Ping An Insurance, the second-largest insurance company in China, is in talks to invest in the Landing at Oyster Point in South San Francisco, one of the largest approved office and life sciences developments in the Bay Area, said two people familiar ...and more »
  

• Main Street America Finished 2015 Strong

  16-03-2016 14:13
  
  Super regional property/casualty insurer The Main Street America Group reported record net income of $91.4 million and a combined ratio of 99.8 for the 2015 calendar year. The Florida-based independent agency carrier’s 2015 combined ratio of 99.8 was an improvement …
  
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• Insurance Industry Looking to Hire: Must-Have Qualifications to Nab the Job - Latin Post

  16-03-2016 13:47
  Latin Post
  Insurance Industry Looking to Hire: Must-Have Qualifications to Nab the Job
  Latin Post
  Millennials appear to be put off by the insurance industry, mostly because the majority of them think that it's a boring job that does not go well with their thirst for adventure and thrill. The industry, however, offers plenty of open positions for a ...
  Millennials not interested in insurance because it's for “older men making a lot of money”Insurance Business Americaall 2 news articl
  

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