Insurance news

• AIG to cut 242 jobs in New York City amid activist pressure

  22-03-2016 22:53
  
  The reductions will take place through Sept. 30, and include its Water Street headquarters, as well as Pine Street, Old Slip, 1 New York Plaza and Liberty Street offices.
  
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• Syrians accused of computer hack that prompted stock drop

  22-03-2016 21:44
  
  Three Syrian men have been charged with launching high-profile cyber-attacks on U.S. institutions, including one incident that sent the Dow Jones Industrial Average down by more than 140 points.
  
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• California Workers’ Compensation Institute Elects 2016 Board

  22-03-2016 21:17
  
  Susan Gordon, head of workers’ compensation underwriting at Zurich North America, was elected board chair of the California Workers’ Compensation Institute for 2016. Gordon was elected at CWCI’s 52nd annual meeting in Oakland. Gordon has been a member of the …
  
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• CSAA Exec Named California Insurance Guarantee Association Chair

  22-03-2016 21:10
  
  Jeff Huebner, vice president of treasury for CSAA Insurance Group, has been named chairman of the board of governors for the California Insurance Guarantee Association. Huebner joined CSAA Insurance Group in 2001 as manager of risk finance and captive operations, …
  
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• Woodruff-Sawyer Taps Richards in Southern California

  22-03-2016 21:04
  
  Woodruff-Sawyer & Co. has named Kyle Richards an associate producer in the Southern California office. Richards will develop new client relationships. His specialties include real estate, technology and manufacturing. Richards was an associate client executive at Marsh prior to Woodruff-Sawyer. …
  
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• The One Insurance Policy Your Practice May Not Have But Definitely Needs - Above the Law

  22-03-2016 20:49
  Above the Law
  The One Insurance Policy Your Practice May Not Have But Definitely Needs
  Above the Law
  Subscribe and get breaking news, commentary, and opinions on law firms, lawyers, law schools, lawsuits, judges, and more. Send Tips · Advertise · Events · About · Above the Law · 7 Comments. Share. Biglaw · Small Law Firms · Law Schools · In-House ...
  

• One early forecast calls for below-average hurricane season

  22-03-2016 20:10
  
  Leading hurricane expert made his prediction Monday at the annual National Hurricane Conference in Orlando.
  
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• New insurance scheme to cover 50% of farmers, says Jaitley - The Hindu

  22-03-2016 19:08
  The Statesman
  New insurance scheme to cover 50% of farmers, says Jaitley
  The Hindu
  The Pradhan Mantri Fasal Bima Yojana (PMFBY) will reduce the distress of farmers in the country as it will grant insurance cover to 50 per cent of them , Union Finance Minister Arun Jaitley said. “We have had crop insurance schemes in the past also.
  Irdai wants public sector general insurers in crop insurance schemeBusiness Standard
  Jaitley launches crop insurance schemesThe Statesmanall 52 news articles&nb
  

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• Gov. Scott interviews Rep. Bill Hager today for insurance post - Palm Beach Post (blog)

  22-03-2016 18:56
  Orlando Sentinel
  Gov. Scott interviews Rep. Bill Hager today for insurance post
  Palm Beach Post (blog)
  Gov. Rick Scott will interview state Rep. Bill Hager, R-Delray Beach, for the post of Florida Insurance Commissioner today at 2:15 p.m., according to the governor's schedule. As The Palm Beach Post reported, Hager's application notes he was Iowa's ...
  Top candidates for insurance commissioner get interviewsTampabay.com (blog)
  Bill Hager to interview for Florida Insurance Commissioner, followin
  

• How Your Credit Impacts What You Pay for Insurance - Huffington Post

  22-03-2016 18:50
  Huffington Post
  How Your Credit Impacts What You Pay for Insurance
  Huffington Post
  Did you know that the cost of the liability insurance that you purchase to protect you in the operation of your auto and in the ownership of your home is determined in significant part by your credit score? That's right, that credit history that you ...and more »
  

• Christian Sharing Ministries Provide Alternative To Health Insurance, But Not Without Risks - Here And Now

  22-03-2016 18:27
  Here And Now
  Christian Sharing Ministries Provide Alternative To Health Insurance, But Not Without Risks
  Here And Now
  Members of sharing ministries help cover one another's medical costs as they arise. There are no guarantees and preventive care is not included. (proimos/Flickr). Under the Affordable Care Act, also called Obamacare, all Americans must have health ...and more »
  

• Life Insurance Can Bite The Wealthy When It's Time To Pay Estate Taxes - Forbes

  22-03-2016 18:24
  Forbes
  Life Insurance Can Bite The Wealthy When It's Time To Pay Estate Taxes
  Forbes
  Some combinations are delightful, like chocolate and peanut butter. But when life insurance mixes with estate taxes, the results can be good or bad. If you have significant assets, understanding this intersection is essential. The IRS exempts the first ...and more »
  

• Brussels on highest alert after dozens killed in bombings [photos]

  22-03-2016 18:10
  
  Islamic State militants claimed responsibility for three bombings in Brussels on Tuesday.
  
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• Longtime Chubb Corp. exec Pi Chubb dies at 81

  22-03-2016 18:05
  
  Percy Chubb III retired in 1997 as vice chairman of the company founded by his great-grandfather.
  
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• New Hampshire, Maine Monitoring Struggling Health Insurance Co-Op

  22-03-2016 17:59
  
  New Hampshire insurance regulators are working with their counterparts in Maine to monitor a financially struggling health insurance cooperative that serves both states. Community Health Options, based in Lewiston, Maine, was the only cooperative in the country to make money …
  
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• Digital Insurance Agency MassDrive Expands Online Platform to All States

  22-03-2016 17:59
  
  MassDrive Insurance Group, a digital insurance agency and affinity marketing firm, has made its auto insurance comparison shopping service MyLifeProtected available nationally. MyLifeProtected uses a mobile-first, customer-centric focus and affinity distribution model. The company enables retailers, digital media companies, financial …
  
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• Can Forming A Captive Insurance Company Trim $2.2 Million from Your Business' Annual Tax Bill? - Forbes

  22-03-2016 17:53
  Can Forming A Captive Insurance Company Trim $2.2 Million from Your Business' Annual Tax Bill?
  Forbes
  by Brian Luster and Steven Abernathy. Captive insurance companies, self-insurers for businesses, provide owners with substantial tax advantages, the most attractive of which is an annual deduction of up to $2.2 million based on an actuarial assessment ...
  

• WT Phelan Acquires Martini Agency in Massachusetts

  22-03-2016 17:51
  
  WT Phelan & Co., an independent insurance agency based in Belmont, Massachusetts, announced that it has acquired Martini Insurance Agency in Woburn, Massachusetts. Terms of the transaction were not disclosed. Martini Insurance was founded in 1960 by John C. Martini, …
  
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• Navigating Change in Today's Volatile Flood Insurance Market - Insurance Journal

  22-03-2016 17:43
  Navigating Change in Today's Volatile Flood Insurance Market
  Insurance Journal
  If you are an insurance agent trying to survive in today's competitive marketplace, you may have dipped your toes in the flood insurance waters, so to speak. If you have not, get ready to jump in, because there's a “perfect storm” of opportunity ahead.and more »
  

• 35% of Arkansas Banks Closed in Past Decade

  22-03-2016 17:40
  
  A lack of succession planning, the costs of fighting cyberattacks and competition with online mortgage companies that have no brick and mortar branches are some of the reasons the number of banks in Arkansas has fallen by 35 percent over …
  
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• Appeals Court: Michigan Woman Can Collect Dead Ex-Husband’s Insurance

  22-03-2016 17:32
  
  A woman can collect a $120,000 insurance windfall after the death of her former husband, despite their divorce years ago, the Michigan appeals court says. John “Jerry” Lett never removed Nancy Henson as the beneficiary before he died in 2014. …
  
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• Finnorn Named VP, General Counsel at Amerisure

  22-03-2016 17:27
  
  Amerisure Mutual Insurance Co., based in Farmington Hills, Mich., has appointed Joanne Finnorn as vice president and general counsel. Finnorn is responsible for all aspects of Amerisure’s Office of Legal Counsel, and is charged with oversight of corporate compliance with …
  
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• Security National Financial (SNFCA) to Acquire First Guaranty Insurance Co.; Sees Immediate Profitability - StreetInsider.com

  22-03-2016 17:25
  Security National Financial (SNFCA) to Acquire First Guaranty Insurance Co.; Sees Immediate Profitability
  StreetInsider.com
  Security National Financial Corporation (Nasdaq: SNFCA) announced it has entered into a Stock Purchase Agreement to acquire First Guaranty Insurance Company, a Louisiana domiciled life insurer having a strong insurance base in the Southeastern ...
  Security National buys First Guaranty Insurance of Baton Rouge for $6.8 millionThe Advocateall 5 news articles »
  

• Southeast Texas Floods Bring Federal Disaster Declaration

  22-03-2016 17:24
  
  President Barack Obama has declared a major disaster in three Texas counties following severe storms including tornadoes and flooding earlier this month. The declaration covers Jasper, Newton and Orange counties in southeast Texas. It enables residents to received federal grants …
  
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• Insurance Journal Survey for Young Agents: Speak Now!

  22-03-2016 17:21
  
  Are you a young insurance agent, 40 years old or younger? Do you know a young insurance agent? Insurance Journal is searching for young insurance agents to participate in this year’s Young Insurance Agents Opinion Survey. The results will be …
  
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• Hail Damage in North Texas Could Cost $300M in Car Repairs

  22-03-2016 17:21
  
  Hailstorms that rolled through the Fort Worth, Texas, area last week could result in $300 million in vehicle repairs. Mark Hanna, a spokesman for the Insurance Council of Texas, estimated that 50,000 vehicles were damaged by the morning storms on …
  
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• Gawker, Publisher to Pay $25M in Punitive Damages in Hulk Hogan Lawsuit

  22-03-2016 17:06
  
  A Florida jury awarded punitive damages totaling $25 million on Monday in a second blow to Gawker, coming on top of the $115 million the online news outlet must pay for posting a sex tape of the former professional wrestler …
  
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• Insurance Society of Philadelphia Hires Zapalac as Director of Education

  22-03-2016 17:01
  
  The Insurance Society of Philadelphia has hired Melodye Zapalac as director of Education. In her new role, Zapalac will be responsible for the Insurance Society of Philadelphia’s professional development and continued education programs. She will also lead the organization’s outreach …
  
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• Hartford's Christopher Swift named AIA's board chairman

  22-03-2016 16:45
  
  He succeeds Michael Gavik of XL Group for a one-year term at the helm of the American Insurance Association's board.
  
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• Pi Chubb, 81, Former Chubb Vice Chairman, Dies

  22-03-2016 16:15
  
  Percy Chubb, III, the former vice chairman of The Chubb Corp., has died at the age of 81. Pi Chubb, as he was known, was the great-grandson of Thomas Caldecot Chubb and grandson of Hendon Chubb, who founded Chubb & …
  
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• L.A. Gives Nod to $30M Gang Injunction Suit Settlement

  22-03-2016 16:01
  
  The city of Los Angeles has agreed to spend up to $30 million to settle a lawsuit that challenged widespread injunctions that restrict the movements of thousands of suspected gang members. The City Council voted to fund nonprofit organizations to …
  
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• Oregon Woman Files $1M Suit Nursing Home Death of Father

  22-03-2016 15:59
  
  A woman has filed a nearly $1 million lawsuit against a Florence, Ore. nursing home that cared for her 83-year-old father, claiming that it didn’t do enough to address health symptoms that led to his death. The Register-Guard reported that …
  
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• Graduates of disabled veterans program land jobs in insurance industry

  22-03-2016 15:30
  
  DVIC awarded the three newly hired disabled veterans Certified Insurance Service Representative designations on Feb. 4.
  
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• Samsung-Apple iPhone Patent Damages Headed to Supreme Court

  22-03-2016 15:12
  
  The U.S. Supreme Court on Monday stepped into the high-profile patent fight between the world’s two fiercest smartphone rivals, Apple and Samsung, agreeing to hear Samsung’s appeal of what it contends were excessive penalties for copying the patented designs of …
  
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• United States Non-Life Insurance Market 2016 - Key Trends and Opportunities to 2019 - Research and Markets - Business Wire (press release)

  22-03-2016 14:39
  United States Non-Life Insurance Market 2016 - Key Trends and Opportunities to 2019 - Research and Markets
  Business Wire (press release)
  The 'Non-Life Insurance in the US, Key Trends and Opportunities to 2019' report provides a detailed outlook by product category for the US non-life insurance segment, and a comparison of the US insurance industry with its regional counterparts. It ...and more »
  

• For Greenbergs Post-AIG, Business Is $650M Family Affair

  22-03-2016 14:32
  
  Long after leaving American International Group Inc., members of the Greenberg family are expanding financial ties through companies they now oversee. Evan Greenberg’s Chubb Ltd., previously known as Ace Ltd., has paid more than $650 million in commissions over the …
  
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• Court Finds Law Firms Not Liable in Financier Stanford’s Ponzi Scheme

  22-03-2016 14:15
  
  Two big New York law firms that represented the now-imprisoned financier Allen Stanford persuaded a federal appeals court on Thursday to throw out a lawsuit claiming that they helped conceal his $7.2 billion Ponzi scheme. Reversing a lower court ruling, …
  
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• People lie on insurance applications: Survey - CNBC

  22-03-2016 14:01
  CNBC
  People lie on insurance applications: Survey
  CNBC
  And yet, it's one plenty of people make. A new survey of more than 3,000 consumers from insurance marketplace CoverHound.com found that 51 percent of auto insurance applicants don't tell the truth. Men and women are equally likely to provide incorrect ...
  

• People lie on an insurance applications: Survey - CNBC

  22-03-2016 14:01
  CNBC
  People lie on an insurance applications: Survey
  CNBC
  And yet, it's one plenty of people make. A new survey of more than 3,000 consumers from insurance marketplace CoverHound.com found that 51 percent of auto insurance applicants don't tell the truth. Men and women are equally likely to provide incorrect ...
  

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