Insurance news

• Final New Orleans flood insurance maps show lower rates for many - NOLA.com

  29-03-2016 23:29
  NOLA.com
  Final New Orleans flood insurance maps show lower rates for many
  NOLA.com
  This map from FEMA's National Flood Insurance Program shows only changes made to flood ratings in New Orleans. Green represents locations removed from Special Flood Hazard Area requirements, meaning flood insurance isn't required. City officials ...and more »
  

• Five changes on employment insurance contained in the 2016 federal budget - MetroNews Canada

  29-03-2016 23:15
  Five changes on employment insurance contained in the 2016 federal budget
  MetroNews Canada
  OTTAWA — Last week's federal budget outlined multiple changes coming to the employment insurance program that combined will have a total cost this year of $1.02 billion and almost $1.45 billion next year. Here are five key changes: 1) The Liberals are ...and more »
  

• Cabinet puts off insurance pick after candidate asked about story - Palm Beach Post (blog)

  29-03-2016 23:07
  Palm Beach Post (blog)
  Cabinet puts off insurance pick after candidate asked about story
  Palm Beach Post (blog)
  Gov. Rick Scott (left) and CFO Jeff Atwater (center) play key roles in selection of the state's next insurance commissioner. Gov. Rick Scott's nominee for Florida insurance commissioner faced multiple questions Tuesday about a Palm Beach Post story on ...
  Gov. Rick Scott and Cabinet deadlock on insurance commissioner, delay appointmentTampabay.com (blog)
  No vote on insurance commissio
  

• Startup Slice, Offering Insurance for On-Demand Workers, Raises $3.9M - Insurance Journal

  29-03-2016 23:03
  Startup Slice, Offering Insurance for On-Demand Workers, Raises $3.9M
  Insurance Journal
  Slice Labs Inc., an instech startup set to launch an on-demand platform to sell insurance to participants in the on-demand economy, said it has secured $3.9 million in seed funding led by Horizons Ventures and XL Innovate. The Slice on-demand insurance ...and more »
  

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• Local woman accused of insurance fraud - Asheboro Courier Tribune

  29-03-2016 22:49
  Local woman accused of insurance fraud
  Asheboro Courier Tribune
  RALEIGH — A Randolph County woman has been charged in connection with fraudulently cashing an insurance check for personal use. Alison Keli Underwood, 24, of Asheboro was charged with one count of obtaining property by false pretense. Insurance ...
  

• Sherwood Man Gets 15 Years for Insurance Fraud - KARK

  29-03-2016 22:48
  KARK
  Sherwood Man Gets 15 Years for Insurance Fraud
  KARK
  Copyright 2016 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. PULASKI COUNTY, Ark. - A Sherwood man got 15 years for insurance fraud on Tuesday, officials say. Cody Martin, 29 ...and more »
  

• Supreme Court looks to weigh compromise on contraceptives - Business Insurance

  29-03-2016 22:33
  Business Insurance
  Supreme Court looks to weigh compromise on contraceptives
  Business Insurance
  Photo by Reuters Sister Loraine McGuire with Little Sisters of the Poor speaks to the media in front of the Supreme Court on March 23. The U.S. Supreme Court on Tuesday laid out a possible compromise involving the Affordable Care Act's prescription ...
  US top court seeks more information in contraception insurance caseReuters
  Supreme Court seeks more information in contraception insurance caseDu
  

• Startup Slice, Offering Insurance for On-Demand Workers, Raises $3.9M

  29-03-2016 22:18
  
  Slice Labs Inc., an instech startup set to launch an on-demand platform to sell insurance to participants in the on-demand economy, said it has secured $3.9 million in seed funding led by Horizons Ventures and XL Innovate. The Slice on-demand …
  
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• A.M. Best Assigns Ratings to Dover Bay Specialty Insurance Company - Business Wire (press release)

  29-03-2016 21:52
  A.M. Best Assigns Ratings to Dover Bay Specialty Insurance Company
  Business Wire (press release)
  OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has assigned a financial strength rating of A (Excellent) and an issuer credit rating of “a” to Dover Bay Specialty Insurance Company (Dover Bay) (Bloomington, IL). The outlook assigned to both ratings is stable.and more »
  

• Tokio Marine Insurance ups focus on infrastructure - The Nation

  29-03-2016 20:05
  Tokio Marine Insurance ups focus on infrastructure
  The Nation
  TOKIO MARINE Insurance (Thailand) is increasing its focus on infrastructure business in the Greater Mekong Sub-region (GMS), seeing it as pushing high demand for marine insurance for cross-border transportation. Infrastructure business in the sub ...
  

• Motor insurance premiums raised by up to 40 per cent - The Hindu

  29-03-2016 19:53
  NDTV
  Motor insurance premiums raised by up to 40 per cent
  The Hindu
  Vehicle insurance will become costlier from April 1 as the insurance regulator IRDAI, has decided to increase premiums by up to 40 per cent from the next fiscal. Third-party motor insurance premium for small cars (up to 1,000 cc) will now be up 39.9 ...
  IRDA revises third-party motor insurance premium rates for 2016-17Times of India
  Motor Insurance Premiums Raised, Effective April 1NDTV
  Motor Insurance CostlierThe New Indian Ex
  

• Homeland Security subcommittee calls for strengthened cyber insurance role - Business Insurance

  29-03-2016 19:39
  Homeland Security subcommittee calls for strengthened cyber insurance role
  Business Insurance
  Insurer advocates are hailing a U.S. House of Representatives panel's examination of the role cyber insurance can play in risk management. “We must explore market-driven methods for improving the security of the companies that store our personal ...and more »
  

• Key Insurance IPO oversubscribed - Jamaica Observer

  29-03-2016 19:16
  Jamaica Observer
  Key Insurance IPO oversubscribed
  Jamaica Observer
  KINGSTON, Jamaica — Key Insurance Company Limited general insurance provider has advised that its IPO, which opened at 9:00 am today, was closed at 9:01 am with the offer oversubscribed. The basis of allotment will be published by Wednesday, March ...and more »
  

• Self-Driving Cars to Create Long Term Challenges for Auto Insurers: Moody’s

  29-03-2016 19:00
  
  Accident avoidance features in vehicles, such as automatic braking, adaptive cruise control, and lane departure prevention, are becoming more prevalent and will lead to lower accident frequency in the next five-to-10 years, a benefit for auto insurers. Longer term, self-driving …
  
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• Indictment: Former N.J. Insurance Salesman Stole Elderly Woman’s Savings

  29-03-2016 18:59
  
  An insurance salesman in New Jersey whose license was revoked for defrauding elderly clients is now facing charges that he stole the $305,000 life savings of a 90-year-old family friend, state authorities said Monday. Robert Berlin faces several counts in …
  
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• Increasing number of Greeks opt for private healthcare insurance - Kathimerini

  29-03-2016 18:57
  Kathimerini
  Increasing number of Greeks opt for private healthcare insurance
  Kathimerini
  It appears that more and more Greeks are signing up for private health insurance, as data collected by the Association of Hellenic Insurance Companies indicate that the number of private health insurance contracts soared 12.5 percent last year from 2014.
  

• Former Iowa Firefighter Again Pleads Guilty to Insurance Fraud - Insurance Journal

  29-03-2016 18:56
  Former Iowa Firefighter Again Pleads Guilty to Insurance Fraud
  Insurance Journal
  A former Iowa firefighter pleaded guilty to insurance fraud related to a string of cases spanning Buchanan, Clayton and Delaware counties, the Iowa Department of Insurance reported. Terry Russell Groth, a former Strawberry Point firefighter, entered ...
  Iowa Insurance Division hosts Fraud Fighters programsRadio Iowaall 3 news articles »
  

• Former Iowa Firefighter Again Pleads Guilty to Insurance Fraud

  29-03-2016 18:50
  
  A former Iowa firefighter pleaded guilty to insurance fraud related to a string of cases spanning Buchanan, Clayton and Delaware counties, the Iowa Department of Insurance reported. Terry Russell Groth, a former Strawberry Point firefighter, entered the plea on Feb. …
  
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• Unertl Joins Chicago’s Alper Services as Business Development Associate

  29-03-2016 18:35
  
  Alper Services, headquartered in Chicago, has added Matt Unertl as business development associate. With 11 years of experience in the industry, Unertl most recently worked as a producer at a large international insurance broker where he designed and implemented cost-sustainable …
  
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• USGS Report: North Texas Earthquake Risk ‘Elevated’

  29-03-2016 18:31
  
  A U.S. Geological Survey report concludes the risk of earthquakes for the Dallas-Fort Worth area is higher than it’s ever been. The USGS review incorporates “induced” earthquakes into federal seismic hazard maps. That refers to quakes caused when wastewater from …
  
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• Japan Opens Door to ‘Fintech’ Revolution with Plans to Ease Investment Rules

  29-03-2016 18:30
  
  A laggard in embracing the ‘fintech’, or financial technology, revolution, Japan is set to ease investment restrictions that could free up the flow of capital in an economy sitting on an estimated $9 trillion in individuals’ cash deposits. Strict regulation, …
  
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• Kansas Forest Service: Giant Wildfire Mostly Contained

  29-03-2016 18:24
  
  The biggest wildfire in Kansas history is largely contained, although firefighting efforts could be hindered by more gusty winds. The Kansas Forest Service says crews were patrolling areas hit by the wildfire that has burned at least 620 square miles …
  
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• Iowa Insurance Division hosts Fraud Fighters programs - Radio Iowa

  29-03-2016 18:21
  Iowa Insurance Division hosts Fraud Fighters programs
  Radio Iowa
  Fraud-fighters-logo A program designed to help Iowans combat investment and insurance fraud is coming to three of the state's largest metro areas. Iowa Insurance Commissioner Nick Gerhart is touting the Fraud Fighters program, noting that his office ...
  

• Why Companies Won’t Be Opting Out of Opt-Out Anytime Soon

  29-03-2016 18:20
  
  A recent ruling by the Oklahoma Workers’ Compensation Court undercutting so-called “opt-out” systems has set off a flurry of speculation about such systems, including whether this ruling signals the beginning of their end. The short answer is: no. While this …
  
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• EPIC Adds McKenzie to Southeast Benefits Consulting Team

  29-03-2016 18:10
  
  EPIC Insurance Brokers & Consultants (EPIC), a retail property, casualty insurance brokerage and employee benefits consultant, announced today that Stephen McKenzie has joined the firm’s Employee Benefits Consulting team in Atlanta. Joining as a Benefits consultant, McKenzie brings 6 years of employee benefits …
  
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• EgyptAir plane hijacked in blow to struggling Egypt tourism

  29-03-2016 17:53
  
  A passenger falsely claiming he was armed with explosives hijacked an EgyptAir plane carrying 71 other people and forced it to land in Cyprus.
  
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• Moody's: Self-driving cars could lower insurance premiums, eventually - MLive.com

  29-03-2016 17:46
  MLive.com
  Moody's: Self-driving cars could lower insurance premiums, eventually
  MLive.com
  Google self-driving cars are parked outside the Computer History Museum in Mountain View, Calif. Print Email · David Muller | [email protected] By David Muller | [email protected] MLive.com. Follow on Twitter on March 29, 2016 at 11:40 AM, updated ...and more »
  

• Cross Insurance Adds 2 New Account Executives in Maine

  29-03-2016 17:43
  
  Cross Insurance, an insurance agency headquartered in Bangor, Maine, has hired Abram Treadwell as account executive/Personal Lines and Sean Doyle as account executive/Commercial Lines. Both will be based in Cross Insurance’s Lewiston, Maine, office. Treadwell has more than a decade …
  
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• Recent Insurance Presentations Demonstrate Importance of Choice of Law - The National Law Review

  29-03-2016 17:39
  Recent Insurance Presentations Demonstrate Importance of Choice of Law
  The National Law Review
  The law that applies to an insurance contract can be very important. I recently presented on this important fact during a Feb. 17 Minnesota CLE webinar entitled, “Insurance Coverage for Punitive Damages in Minnesota,” and on Feb. 20 at the ABA ...
  

• Ash from Southwest Alaska Volcano Rises 20,000 Feet

  29-03-2016 17:28
  
  A remote and active volcano on Alaska’s Aleutian Islands erupted, sending ash 20,000 feet into the air, scientists said. The U.S. Geological Survey says the Pavlof Volcano, which is about 600 miles southwest of Anchorage and roughly 40 miles from …
  
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• Former insurance company employee sentenced for embezzlement - KSNT (press release) (registration) (blog)

  29-03-2016 17:21
  WIBW News Now
  Former insurance company employee sentenced for embezzlement
  KSNT (press release) (registration) (blog)
  TOPEKA, Kan. (AP) — A former Topeka insurance company employee had been sentenced to a year and a day in federal prison for embezzlement. The U.S. attorney's office says 47-year-old Erin Rebecca Thomas also was ordered Monday to pay $215,000 ...
  Former Insurance Company Service Rep Sentenced for EmbezzlementWIBW News Now
  Woman sentenced to 366 days in federal prison f
  

• In Dillon Stadium Debacle, Insurance Issue May Hurt City's Chance At Recouping Money - Hartford Courant

  29-03-2016 17:07
  Hartford Courant
  In Dillon Stadium Debacle, Insurance Issue May Hurt City's Chance At Recouping Money
  Hartford Courant
  The messy collapse of the plan to rebuild Dillon Stadium may get messier still, with lawyers for the city of Hartford exploring the question of whether the soccer field's developers held a valid liability insurance policy. After the stadium deal ...
  

• Take1 in California Now a Lloyd’s Cover Holder

  29-03-2016 17:04
  
  Take1 Insurance announced that it is now a cover holder with Lloyd’s of London to provide excess liability coverage capacity of up to an additional $5 million in limits. Minimum rates start at $750 per each million dollars of coverage. …
  
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• Court Chooses 'Could' Over 'Would' In Insurance Benefits Case - Insurance News Net

  29-03-2016 16:50
  Court Chooses 'Could' Over 'Would' In Insurance Benefits Case
  Insurance News Net
  A circuit court has upheld an insurance company's suspension of long-term disability benefits after the court found the insurer hadn't met the “abuse of discretion” standard in denying disability benefits to a Minnesota doctor who suffered from the ...
  

• The Top 5 Drone Markets and Future of Commercial Drone Use

  29-03-2016 16:47
  
  There could be 7 million small drones in the sky by 2020, according to U.S. aviation officials, who believe that as many as 2.7 million of them will be used for commercial purposes. These same officials predict that small unmanned …
  
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• The Future of Commercial Drone Use

  29-03-2016 16:47
  
  There could be 7 million small drones in the sky by 2020, according to U.S. aviation officials, who believe that as many as 2.7 million of them will be used for commercial purposes. These same officials predict that small unmanned …
  
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• DHS wants input on sharing data for cyber insurance - Federal Times

  29-03-2016 16:45
  Federal Times
  DHS wants input on sharing data for cyber insurance
  Federal Times
  The Department of Homeland Security has a mandate to help the private sector — and particularly critical infrastructure — secure itself from cyberattacks but has little authority to actively do so. To meet this mission, DHS is looking at alternatives ...and more »
  

• Arthur J. Gallagher Acquires Continuum Solutions in New York

  29-03-2016 16:41
  
  Arthur J. Gallagher Risk Management Services Inc, the retail property/casualty brokerage operation of Arthur J. Gallagher & Co., announced the acquisition of Continuum Solutions Ltd. in New York City. Terms of the transaction were not disclosed. Continuum Solutions provides business …
  
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• British SME Owners Develop Contingency Plans for Potential ‘Brexit’

  29-03-2016 16:25
  
  Above a factory floor of machines carving metal to within a millionth of a meter, Stephen Cheetham is preparing his company for the unknown: a British exit from the European Union. Since the government announced a referendum on Britain’s future …
  
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• CEO of UK-Based Aviva Paid $8M in 2015, More Than Double His 2014 Paycheck

  29-03-2016 16:06
  
  British insurer Aviva chief executive Mark Wilson’s take-home pay more than doubled to 5.67 million pounds ($8.1 million) last year, after the purchase of rival Friends Life, Aviva’s annual report showed on Tuesday. Aviva completed the 5.6 billion pound acquisition …
  
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• IRDA revises third-party motor insurance premium rates for 2016-17 - Times of India

  29-03-2016 15:49
  NDTV
  IRDA revises third-party motor insurance premium rates for 2016-17
  Times of India
  CHENNAI: Car insurance has become a costlier with the insurance regulator hiking premium rates by as much as 40%. Even for high-end cars, which are generally considered safer and more eco-friendly, fuel-efficient, premium rates have been increased by ...
  Motor Insurance Premiums Raised, Effective April 1NDTV
  Typical home insurance policy does not cover cost of landLivemint
  Third party insurance to cost m
  

• Justin Trudeau in Calgary for employment insurance discussions - CBC.ca

  29-03-2016 15:46
  CBC.ca
  Justin Trudeau in Calgary for employment insurance discussions
  CBC.ca
  Prime Minister Justin Trudeau is in Calgary today to take part in a roundtable discussion on the changes coming to the employment insurance program. CBC News will livestream a press conference with Trudeau at 12:40 p.m. MT. The federal budget tabled ...
  PM Trudeau to talk about employment insurance in CalgaryCTV Newsall 8 news articles »
  

• 3 key technology trends for the insurance industry in 2016 - PropertyCasualty360

  29-03-2016 13:49
  PropertyCasualty360
  3 key technology trends for the insurance industry in 2016
  PropertyCasualty360
  While 63% of insurance businesses report that they are ready to move towards more digital practices, only 23% of these business are actually ready. (Photo: iStock 57046974). Insurance agents and brokers are experiencing a major shift in what their ...
  

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