Insurance news

• Millions face £25 hike in insurance bills after 'disastrous' VAT ruling by hated European judges - The Sun

  01-04-2016 23:56
  The Sun
  Millions face £25 hike in insurance bills after 'disastrous' VAT ruling by hated European judges
  The Sun
  MILLIONS of Brits face a near £25 a year hike in their insurance bills after a “disastrous” VAT ruling by the hated European judges. A landmark European Court judgement will force UK insurance firms to start paying VAT to firms they use to handle ...and more »
  

• East Liverpool families forced from homes say insurance not covering damage - WKBN.com

  01-04-2016 23:56
  WKBN.com
  East Liverpool families forced from homes say insurance not covering damage
  WKBN.com
  EAST LIVERPOOL, Ohio (WKBN) – East Liverpool families who were evicted from their homes due to cracks on Lisbon Street and to the foundations of their homes are not getting any help from their insurance companies. Drilling began in the area Thursday in ...and more »
  

• Lawmakers want MinnesotaCare publicly sold to help address insurance costs - Mankato Free Press

  01-04-2016 23:10
  Mankato Free Press
  Lawmakers want MinnesotaCare publicly sold to help address insurance costs
  Mankato Free Press
  ST. PAUL — Rod Huinker is no stranger to speaking out for what he believes in. The Red Wing man is a former P-9er who lost his job at Hormel Foods Corp.'s Austin plant during the 1985-1986 strike. Since then, he stands up at Austin-based Hormel Foods ...
  

• Meet the annuity 'robo' looking to undercut insurance agents - InvestmentNews

  01-04-2016 22:18
  InvestmentNews
  Meet the annuity 'robo' looking to undercut insurance agents
  InvestmentNews
  Websites like Orbitz, Priceline and Expedia helped do-it-yourself-minded travelers undercut travel agents, putting price and value comparison at the hands of the consumer right in their own home. Sign onto a computer or mobile device, fire up the ...
  

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• Why Middle Class Consumers Don't Use Government Health Insurance Exchanges - MainStreet

  01-04-2016 22:06
  MainStreet
  Why Middle Class Consumers Don't Use Government Health Insurance Exchanges
  MainStreet
  Middle class Americans are purchasing health insurance plans from private insurers instead of subsidized government plans, because many of them are earning too much money to qualify. Americans in this category are earning wages that are above the ...and more »
  

• USI buys Forrest Sherer Insurance from First Financial Corp. - Terre Haute Tribune Star

  01-04-2016 21:46
  Terre Haute Tribune Star
  USI buys Forrest Sherer Insurance from First Financial Corp.
  Terre Haute Tribune Star
  Changing hands: The Forrest Scherer company has been sold by parent company First Financial Corp. USI, an insurance brokerage firm, is the buyer. prev. next. 0. Share. Facebook Twitter LinkedIn. Google+ Pinterest Email. Share this with your friends! From.
  

• Flood insurance rates increasing for many homeowners - WJXT Jacksonville

  01-04-2016 21:35
  WJXT Jacksonville
  Flood insurance rates increasing for many homeowners
  WJXT Jacksonville
  JACKSONVILLE, Fla. - Many homeowners in the Jacksonville area will be affected when the National Flood Insurance Program increases flood insurance rates Friday for all policyholders to offset debt from hurricanes Katrina and Sandy. Flood insurance will ...and more »
  

• Florida regulators OK Anthem-Cigna insurance deal - Miami Herald

  01-04-2016 20:55
  Miami Herald
  Florida regulators OK Anthem-Cigna insurance deal
  Miami Herald
  State insurance regulators have approved Anthem's purchase of Cigna's Florida companies as part of a broader merger of the major health insurers. The Florida Office of Insurance Regulation on Friday announced the approval of Anthem's application to ...and more »
  

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• Zurich closes deal to acquire crop insurer RCIS

  01-04-2016 20:35
  
  The Switzerland insurance giant paid $700 million to Wells Fargo & Co.
  
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• EKU Risk Management and Insurance students learn from the best - Richmond Register

  01-04-2016 19:51
  Richmond Register
  EKU Risk Management and Insurance students learn from the best
  Richmond Register
  From left: Victoria Lowery, Shaun Cawley, Debbie Ellis, Audrei Egbudin, Sarah Smith, James Speaks, Carol Jordan and Devin Borders, joined by Lloyd's International Trading Advice hosts Giles Taylor and Amanat Takhar. prev. next. 0. Share. Facebook
  

• Bedbugs make themselves at home in Syracuse-area insurance company's office - Syracuse.com

  01-04-2016 19:50
  Syracuse.com
  Bedbugs make themselves at home in Syracuse-area insurance company's office
  Syracuse.com
  Office buildings are a less common home for bedbugs, but a Syracuse-area insurance company last week discovered its offices had bedbugs. An employee of Protective Insurance Company at 5788 Widewaters Parkway spotted the bugs last week, according ...
  

• New CEO of Travelers sees corporate tax rate harming U.S. economy

  01-04-2016 19:36
  
  Alan Schnitzer, the new CEO of insurer Travelers Cos., called on U.S. lawmakers to reduce corporate taxes or risk harming business in country.
  
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• Highmark Settles With Former CEO Over His Firing

  01-04-2016 18:59
  
  Highmark Inc. has reached an out-of-court settlement agreement with its former president and CEO to end a legal struggle stemming from his firing. The Pittsburgh Tribune-Review reports that court documents filed last Thursday in Allegheny County, Pennsylvania, said that the …
  
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• Universal Insurance Subsidiary Writes First Homeowners Policy in Michigan - Insurance Journal

  01-04-2016 18:35
  Universal Insurance Subsidiary Writes First Homeowners Policy in Michigan
  Insurance Journal
  Universal Insurance Holdings Inc. subsidiary, Universal Property & Casualty Insurance Co. (UPCIC), has written its first homeowners insurance policy in Michigan, the company announced. The initial policy was written after Michigan Department of ...and more »
  

• Universal Insurance Subsidiary Writes First Homeowners Policy in Michigan

  01-04-2016 18:35
  
  Universal Insurance Holdings Inc. subsidiary, Universal Property & Casualty Insurance Co. (UPCIC), has written its first homeowners insurance policy in Michigan, the company announced. The initial policy was written after Michigan Department of Insurance and Financial Services approved UPCIC’s homeowners …
  
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• Maritime Program Group Launches Non-Admitted Homeowners Program

  01-04-2016 18:32
  
  Maritime Program Group (MPG) has launched a new non-admitted homeowners program offered through its Private Client Services division. According Brian Botwinick, VP of Private Client services, the product is backed by Lloyds of London. The program is available nationally, including …
  
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• Severe Storms Move East Leaving 7 Hurt, Damage in Oklahoma

  01-04-2016 18:22
  
  At least seven people were injured and authorities were evaluating the damage in northeastern Oklahoma after severe storms spawned multiple tornado touchdowns Wednesday night, authorities said. National Weather Service meteorologist Amy Jankowski said a tornado touched down and lifted up …
  
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• Maine Bill Seeks Strong Limits on Opioid Prescriptions

  01-04-2016 18:21
  
  The Maine Legislature is poised to pass a bill sponsored by Gov. Paul LePage that would put the state on the front line of a national movement to monitor and restrict opioid painkillers. The Republican’s bill would limit prescriptions to …
  
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• Whistleblower Protections for Nurses Passed in Nebraska

  01-04-2016 18:16
  
  A bill that would grant whistleblower protections for nurses in Nebraska has won final approval from lawmakers. Senators passed the bill Thursday with a 45-0 vote. The issue surfaced last year after two Nebraska nurses complained that the Department of Health and Human …
  
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• OSHA: No Reinforced Walls in Deadly Ohio Trench Collapse

  01-04-2016 18:15
  
  The Occupational Safety and Health Administration says inspectors probing a construction site where a worker was killed this week found no evidence the wall of the trench was reinforced. Cleveland.com reports OSHA officials say inspectors didn’t find a trench box …
  
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• OnRamp Insurance Conference reflects changes coming at industry - Milwaukee Journal Sentinel

  01-04-2016 18:14
  OnRamp Insurance Conference reflects changes coming at industry
  Milwaukee Journal Sentinel
  Chicago — The insurance industry is ripe for innovation, and venture capitalists are going to make it happen. That was one of the main topics at the OnRamp Insurance Conference in Chicago Thursday. Executives from American Family Insurance, Goldman ...
  

• Nebraska Governor Signs Bill Allowing Direct Payment for Primary Care

  01-04-2016 18:13
  
  Medical patients in Nebraska will have the option to pay doctors directly for consultations and physicals rather than through insurance under a bill signed by Gov. Pete Ricketts. The law allows medical practitioners to offer direct primary care agreements. Supporters …
  
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• IMA Promotes 3 Top Leaders

  01-04-2016 17:53
  
  Denver-based independent insurance broker IMA Inc. one of the largest independent insurance brokers in the country, is excited to announce the internal promotion of its newest top leaders. Sandy Harvath has been promoted to IMA of Colorado president, Brian Sandy …
  
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• Cuomo, N.Y. Legislative Leaders Reach Deal on Minimum Wage Hike

  01-04-2016 17:52
  
  New York Governor Andrew Cuomo and state legislative leaders reached a deal on Thursday to raise New York state’s minimum wage towards $15 per hour, but fell short of a uniform state-wide increase. The deal outlines a faster rise in …
  
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• Dunn to Lead Dallas Office of AmWINS Brokerage of Texas

  01-04-2016 17:49
  
  AmWINS Group Inc. (AmWINS) has selected Craig Dunn to lead the Dallas office of AmWINS Brokerage of Texas. Dunn succeeds Todd Teitell, who is retiring after having served as office president since 1997. Prior to being promoted to this role, …
  
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• Musk unveils Tesla's $35,000 Model 3 in push for mass market

  01-04-2016 17:41
  
  The Model 3 is the linchpin of Tesla’s plan to reach beyond affluent buyers and make electric vehicles a significant part of the auto market.
  
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• How American insurance companies starve patients to death - AMERICAblog (blog)

  01-04-2016 17:41
  AMERICAblog (blog)
  How American insurance companies starve patients to death
  AMERICAblog (blog)
  “I can't accept this; I don't deserve to have this. I just can't do it.” A year ago to the day, I realized I could no longer go outside safely. People whispered and stared like I was a freak show, mothers gulped shock and breathed sickened glares at my ...and more »
  

• 2nd March Hailstorm in North Texas Deemed an Insurance Catastrophe

  01-04-2016 17:38
  
  The Texas insurance regulators say the weather-related event that occurred March 23 – 24 in Dallas, Tarrant, Denton and Collin Counties is a catastrophe for the purpose of claims processing. Claims resulting directly from the identified catastrophe in the counties …
  
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• Judge Cuts N.Y. Financier’s Damages Judgment in Harassment Case

  01-04-2016 17:28
  
  A federal judge on Thursday reduced by more than two-thirds the maximum sum a Swedish woman can recover after having prevailed in a jury trial against a New York financier she accused of sexual harassment and defamation. U.S. District Judge …
  
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• Esurance Now Offers 'Election Insurance' - AgencySpy

  01-04-2016 17:20
  AgencySpy
  Esurance Now Offers 'Election Insurance'
  AgencySpy
  Leo Burnett Chicago launched an April Fool's day effort for Esurance promising viewers “Election Insurance” should things go awry this November. An error occurred. Try watching this video on www.youtube.com, or enable JavaScript if it is disabled in ...
  Thinking about leaving the country? Company jokes about election insuranceMSNBC
  Esurance touts fake 'Election Insurance' coverage for Americans looking to flee the countryW
  

• Zurich Completes Acquisition of RCIS Crop Insurance Business from Wells Fargo - Insurance Journal

  01-04-2016 17:04
  Zurich Completes Acquisition of RCIS Crop Insurance Business from Wells Fargo
  Insurance Journal
  Zurich American Insurance Co. said it has completed its acquisition of Rural Community Insurance Agency (RCIA) and its subsidiary Rural Community Insurance Co. (RCIC) from Wells Fargo Insurance for $700 million. The two crop businesses, which are ...
  Zurich completes acquisition of Rural Community Insurance AgencyChicago Daily Heraldall 3 news articles »
  

• Zurich Completes Acquisition of RCIS Crop Insurance Business from Wells Fargo

  01-04-2016 17:04
  
  Zurich American Insurance Co. said it has completed its acquisition of Rural Community Insurance Agency (RCIA) and its subsidiary Rural Community Insurance Co. (RCIC) from Wells Fargo Insurance for $700 million. The two crop businesses, which are collectively known as …
  
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• Longtime insurance agency owner merging, not quitting - Austin American-Statesman

  01-04-2016 17:03
  Austin American-Statesman
  Longtime insurance agency owner merging, not quitting
  Austin American-Statesman
  Travis Johnson, 77, embodies the values of Round Rock including community service, former council member says. Johnson is combining his business with another insurance agency. MyStatesman · Get complete, in-depth analysis and more with our ...
  

• People on the move in the P&C insurance industry: April 1, 2016

  01-04-2016 17:00
  
  News from Ames & Gough, PartnerRe, Main Street America and more.
  
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• Esurance Is No April Fool When It Comes to Free Publicity

  01-04-2016 17:00
  
  Allstate’s Esurance has used the convergence of a volatile and unpredictable election year and April Fools’ Day to have a little fun. The fun is Esurance’s Election Insurance homeowners policy, designed to protect abandoned homes for the next four years …
  
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• Teambrella Wants to Revolutionize Insurance Coverage With Peer-To-Peer Bitcoin Payments - Bitcoin Magazine

  01-04-2016 16:52
  Bitcoin Magazine
  Teambrella Wants to Revolutionize Insurance Coverage With Peer-To-Peer Bitcoin Payments
  Bitcoin Magazine
  Recieve a weekly with the top news about Bitcoin and the blockchain. No spam, we promise. Bitcoin Magazine Newsletter; The Distributed Ledger / Blockchain News; Invite me to the Bitcoin Magazine Slack ...
  

• 6 Things You Need to Know When Buying Home Insurance - Realtor.com News

  01-04-2016 16:44
  Realtor.com News
  6 Things You Need to Know When Buying Home Insurance
  Realtor.com News
  Whether you've just begun searching for a new place or you're waiting to close on your dream home, one important aspect of moving you can't ignore is insuring your investment. Enter the homeowner's best friend: the homeowners insurance policy. Just ...
  Riding Out the “Perfect Storm”: Navigating Change in Today's Volatile Flood Insurance MarketInsurance Journal
  Flood insurance rates going upWEAR
  Sh
  

• Wizards, Warriors, and the Quest for LARP Insurance - Atlas Obscura

  01-04-2016 15:48
  Atlas Obscura
  Wizards, Warriors, and the Quest for LARP Insurance
  Atlas Obscura
  Questing is treacherous business, and no one knows more acutely than the heroes and villains taking part in fantasy live action role playing (LARP) events. Luckily for their fictional personas, there are healing spells and potions in case of injury ...
  

• China’s Anbang Insurance Checks Out of Hotel Bid War

  01-04-2016 14:28
  
  A group led by China’s Anbang Insurance Group Co. withdrew its $14 billion takeover offer for Starwood Hotels & Resorts Worldwide Inc., a surprise move that ends a three-week bidding war and clears the way for an acquisition by Marriott …
  
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• 6 important tips for insurance agency content marketing

  01-04-2016 13:45
  
  Consider these simple tips to help your agency follow best practices when it comes to content marketing.
  
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• EU Lowers Insurers’ Capital Requirements to Spur Infrastructure Investments

  01-04-2016 13:23
  
  The European Union lowered capital requirements on insurance companies to spur investment in long-term infrastructure projects as policy makers struggle to revive the bloc’s flagging economy. Risk charges for insurers’ unlisted equity shares in projects such as energy pipelines, transport …
  
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• April Renewals Saw More Price Cuts, but Reinsurance Demand Rises: Willis Re

  01-04-2016 13:07
  
  While the April 1 renewals saw a continuation of the softening market, there are encouraging signs that price cuts are slowing and reinsurance demand is rising, according to a Willis Re report. For the fourth consecutive year, reinsurance buyers have …
  
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• 5 reasons why renters need insurance - PropertyCasualty360

  01-04-2016 13:05
  PropertyCasualty360
  5 reasons why renters need insurance
  PropertyCasualty360
  Landlords and apartment owners are reluctant to place restrictions and requirements on renters since it could cause them to look for housing elsewhere. While understandable with regard to some aspects such as smoking on the premises or allowing pets ...
  

• 5 reasons why renters need insurance

  01-04-2016 13:00
  
  Relying on a landlord’s policy won’t cover renters for loss of their personal property or for living expenses in the case of a natural disaster.
  
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• Prudential pulls a fast one on long-term care insurance policyholders - Los Angeles Times

  01-04-2016 12:02
  Prudential pulls a fast one on long-term care insurance policyholders
  Los Angeles Times
  Buying long-term care insurance isn't an easy decision. It's an increasingly pricey product that requires you to look way down the road, to the possibility of shelling out big bucks for a nursing home or some other form of assisted living. The last ...and more »
  

• Tokio Millennium Re Appoints Kull as Chief Risk Officer

  01-04-2016 11:38
  
  Zurich-based Tokio Millennium Re AG (TMR) has appointed Andreas Kull to the role of chief risk officer (CRO) and member of the executive committee, effective immediately. Andreas Kull will succeed Akira Higuma, current CRO, who after five years at TMR …
  
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• When It Comes To Police Reform, Insurance Companies May Play A Role - NPR

  01-04-2016 10:53
  When It Comes To Police Reform, Insurance Companies May Play A Role
  NPR
  For all the talk in the last couple of years about reforming police, there are limits to what the government can do. But there may be another way, and it involves insurance companies. John Rappaport, an assistant law professor at the University of ...and more »
  

• Lloyd’s Seeks to Open Reinsurance Branch in Mumbai, India

  01-04-2016 10:26
  
  Lloyd’s announced it intends to file an application to open a reinsurance branch in Mumbai, following the publication of regulations governing the Lloyd’s market earlier this week by the Insurance Regulatory and Development Authority of India (IRDAI). An onshore branch …
  
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• Islamic Militants Could Target Nuclear Industry, Security Experts Warn

  01-04-2016 10:06
  
  Meter-thick concrete walls and 1950s-style analog control rooms help protect nuclear plants from bomb attacks and computer hackers, but Islamist militants are turning their attention to the atomic industry’s weak spots, security experts say. Concerns about nuclear terrorism rose after Belgian …
  
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• Ontario Teachers’ Pension Plan (Lead ANV Investor) Assesses ‘Brexit’ Effect

  01-04-2016 08:43
  
  The Ontario Teachers’ Pension Plan, one of the biggest investors in British infrastructure, said it is assessing daily the risk that Britain will leave the European Union and is considering hedging the currency risk on its investments. Ontario Teachers’, Canada’s …
  
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