Insurance news

• How rising seas could upend U.S. politics

  06-04-2016 23:48
  
  If the latest projections about the pace and scope of sea-level rise are even close to accurate, then get ready for a fight over which communities get saved, and who pays for it.
  
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• Heated Jacksonville vehicles for hire committee adopts insurance policy, nothing else - Jacksonville Business Journal

  06-04-2016 23:31
  Jacksonville Business Journal
  Heated Jacksonville vehicles for hire committee adopts insurance policy, nothing else
  Jacksonville Business Journal
  The city of Jacksonville's vehicles for hire committee decided on insurance coverage for taxi cabs, Uber and Lyft — and not much else. Featured Jobs. Paralegal/Legal Assistant. Luks, Santaniello, Petrillo & Jones · Entrepreneurs Wanted. PRIMERICA ...and more »
  

• California Legislature Moves Closer to Making Insurance Paperless

  06-04-2016 23:15
  
  The California Assembly Insurance Committee took another step towards making auto, homeowners and workers’ compensation insurance completely paperless by approving Assembly Bill 2591 on Wednesday. AB 2591, authored by Assemblyman Mathew Dababneh, D-Encino, gives policyholders the opportunity to opt-in and …
  
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• Texas teen is 10th U.S. death linked to faulty Takata air bag

  06-04-2016 23:12
  
  A 17-year-old woman died from injuries sustained in a March 31 crash in Fort Bend County, Texas.
  
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• Eating Healthy Is Now an Insurance Discount - Grub Street

  06-04-2016 23:07
  Grub Street
  Eating Healthy Is Now an Insurance Discount
  Grub Street
  Don't worry — they can all lower your premium. Photo: Patrick T. Fallon/Bloomberg via Getty Images. Insurance giant John Hancock is giving life-insurance policyholders an incentive to eat their fruits and veggies. Starting today, qualifying customers ...
  Here's a New Way to Get Cash Back from Your Life Insurance CompanyMoney Magazine
  Life Insurance Company Will Pay You To Eat Your Vegetables By Cassie MurdochVocativall 7
  

• Hickenlooper wary of Democrats' bill to fine employers over insurance - The Denver Post

  06-04-2016 23:01
  Hickenlooper wary of Democrats' bill to fine employers over insurance
  The Denver Post
  Gov. John Hickenlooper is worried about the message sent by his party's proposed legislation to fine large employers who refuse to provide health insurance options for their low-paid employees. Democrats rolled out the proposal Tuesday aimed at ...and more »
  

• Medicare's catastrophic drug insurance can be a catastrophe for consumers - PBS NewsHour

  06-04-2016 22:51
  PBS NewsHour
  Medicare's catastrophic drug insurance can be a catastrophe for consumers
  PBS NewsHour
  Editor's Note: Journalist Philip Moeller, who writes widely on health and retirement, is here to provide the Medicare answers you need in “Ask Phil, the Medicare Maven.” Send your questions to Phil.and more »
  

• Crest in Arizona and Partners of the West in California Merge

  06-04-2016 22:42
  
  Cody Ritchie of Crest Insurance Group LLC in Arizona and Ron Wilson of Partners of the West Insurance Services in San Diego, Calif. have merged. Wilson will continue to manage the California division of Crest. Crest provides insurance services including …
  
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• What to Do With the New Proof of Health Insurance Tax Form - Kiplinger Personal Finance

  06-04-2016 22:21
  Kiplinger Personal Finance
  What to Do With the New Proof of Health Insurance Tax Form
  Kiplinger Personal Finance
  I just received a Form 1095-C from my employer about my health insurance. I already filed my taxes for 2015. Do I need to make any changes because of this form, and should I have sent it in with my tax return?
  

• Mexico City residents battle new restrictions as smog worsens

  06-04-2016 22:06
  
  Mexico City residents and local industry struggled to cope after a spike in smog levels forced authorities to ban 40% of cars from the roads and imposed new restrictions on industry.
  
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• VW sued by U.S. franchise dealers for diesel-scandal losses

  06-04-2016 21:32
  
  Three family-owned Volkswagen franchise dealers accused the carmaker of fraud for installing pollution-control cheating devices in diesel vehicles and sticking them with continuing losses by failing to fix the problem.
  
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• Labor Department relaxes fiduciary standard

  06-04-2016 20:40
  
  Insurers will be given greater latitude than initially forecast in selling proprietary products, such as annuities.
  
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• Oregon considers renewing wildfire insurance - KOIN.com

  06-04-2016 20:36
  KOIN.com
  Oregon considers renewing wildfire insurance
  KOIN.com
  An air tanker drops fire retardant over a wild fire at the Rogue River-Siskiyou National Forest between Grants Pass and Cave Junction in Oregon. (AP Photo/John Luerding). Related Coverage. Experts: 'Backyard burns' lead to wildfires · Cost of wildfires ...
  Oregon looks at another year of wildfire insuranceBend Bulletinall 5 news articles »
  

• The sports car is in serious trouble

  06-04-2016 20:25
  Swanky sports cars are losing momentum in the U.S. of late. Sales in the segment have declined for the past six quarters.
  
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• Will public health insurance exchange enrollees' higher costs ease over time? - Business Insurance

  06-04-2016 20:06
  Business Insurance
  Will public health insurance exchange enrollees' higher costs ease over time?
  Business Insurance
  The public health insurance exchange population likely will continue to be characterized by members who are sicker and costlier than people covered by group health plans, but sources say most health insurers are in it for the long haul. A recent Blue ...and more »
  

• Greek Insurance Governance, Risk and Compliance Industry Report 2016 - Research and Markets - Business Wire (press release)

  06-04-2016 19:48
  Greek Insurance Governance, Risk and Compliance Industry Report 2016 - Research and Markets
  Business Wire (press release)
  The Governance, Risk and Compliance - The Greek Insurance Industry report is the result of extensive research into the insurance regulatory framework in Greece. It provides detailed analysis of the insurance regulations for life, property, motor ...and more »
  

• Massey Ex-CEO Blankenship Sentenced to 1 Year in Jail for Fatal Mine Explosion

  06-04-2016 19:16
  
  Former coal baron Donald Blankenship was sentenced to a year in prison for evading mine-safety rules in one of the final chapters of a fatal mine explosion that was the worst U.S. coal industry accident in almost 40 years. U.S. …
  
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• Penn. Issues Consumer Alert for Homeowners on Appealing Flood Maps

  06-04-2016 18:52
  
  Pennsylvania Insurance Commissioner Teresa Miller issued a consumer alert this week telling homeowners about a process by which they can appeal their property’s placement in a flood zone by the federal government, which in many cases requires them to purchase …
  
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• Distracted Driving a Problem as Crashes Increase on Texas Roads

  06-04-2016 18:51
  
  In 2015, the number of vehicle crashes in Texas involving both injuries and fatalities continued an unfortunate trend of increases over past years, an insurer trade group reported. The Insurance Council of Texas says distracted driving is the cause of …
  
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• Coal baron gets year in prison over mine-safety conspiracy

  06-04-2016 18:43
  
  Donald Blankenship was sentenced to a year in prison for evading mine-safety rules for his part in the worst U.S. coal industry accident in almost 40 years.
  
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• Berkley Program Specialists Adds Larimer as Business Development Manager

  06-04-2016 18:40
  
  Berkley Program Specialists, a W. R. Berkley Company headquartered in Naperville, Ill., has hired Rob Larimer as business development manager. Responsible for building relationships with key program administrators nationwide, Larimer will focus on casualty-driven program opportunities that produce a minimum of …
  
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• Bolls Joins Surplus Lines Stamping Office of Texas as Finance Director

  06-04-2016 18:37
  
  The Surplus Lines Stamping Office of Texas (SLSOT) has appointed Kyle Bolls as director of Finance. Bolls previously worked in financial regulation for the Texas Department of Insurance (TDI), recently serving as the registrations auditor for Company Licensing & Registration, …
  
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• Court Orders Michigan Cheese Manufacturer to Stop Distributing Products

  06-04-2016 18:35
  
  A federal court in Detroit, Mich., has entered an injunction against a suburban company to prevent the distribution of adulterated cheese products. The Justice Department says the injunction follows a court ruling last year involving S. Serra Cheese of Clinton …
  
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• Oklahoma Safety Campaign Aimed at Protecting Road Workers

  06-04-2016 18:32
  
  State transportation officials are launching a public safety campaign to reduce the number of road workers killed and injured each year in Oklahoma work zones. Announcing the campaign, the Oklahoma Department of Transportation said that in the last five years …
  
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• Missouri Bill Requiring Rideshare Vehicle Insurance Advances

  06-04-2016 18:29
  
  The Missouri House has advanced legislation that would impose statewide regulations on app-based ride-hailing services, a move companies Uber and Lyft support. House members voted 113-38 to give initial approval to a bill that would require companies to conduct background …
  
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• Executive at Blue Cross NC resigns after insurance problems - WWAY NewsChannel 3

  06-04-2016 18:25
  WWAY NewsChannel 3
  Executive at Blue Cross NC resigns after insurance problems
  WWAY NewsChannel 3
  RALEIGH, NC (AP) — The chief operating officer of North Carolina's largest health insurer has quit, months after about 25,000 customers couldn't enroll, were charged incorrect amounts for insurance or couldn't get cards to show they had coverage.and more »
  

• Insurance exchange set for June - Shanghai Daily (subscription)

  06-04-2016 18:23
  Insurance exchange set for June
  Shanghai Daily (subscription)
  SHANGHAI is set to open its long anticipated insurance exchange in June which aims to be China's first bourse and pricing center for re-insurance. Re-insurance refers to an insurance company purchasing insurance from other insurance firms directly or ...and more »
  

• UK-Based THB, Secures UK Motor Fleet Arrangement with Unicorn Underwriting

  06-04-2016 18:18
  
  THB, the London-based specialist insurance and reinsurance broker, announces it has secured an exclusive wholesale broking arrangement with Unicorn Underwriting for UK motor fleet business. Unicorn Underwriting recently received backing from Berkshire Hathaway International Insurance Ltd. and that new capacity …
  
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• AIG said to plan cutting about 125 jobs in U.K. in coming months

  06-04-2016 18:10
  AIG is reportedly scaling back in certain countries and moving jobs to lower-cost locations.
  
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• Maine Lawmakers Reject Marijuana Blood Test Bill for Drivers

  06-04-2016 17:57
  
  A Maine bill that would allow a blood test to determine whether a driver is impaired from marijuana use is heading to defeat. The Maine House on April 1 voted unanimously to reject the bill, which set a blood level …
  
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• What Could Possibly Go Wrong? Top Home Insurance Claims Revealed - NerdWallet (blog)

  06-04-2016 17:52
  Insurance Journal
  What Could Possibly Go Wrong? Top Home Insurance Claims Revealed
  NerdWallet (blog)
  Go ahead and blame Mother Nature for the things that can go terribly wrong at home. Just not all of them. Damage caused by punishing weather — wind, hail, rain and snow — accounted for more than half of all homeowners insurance claims over the past ...
  Top Homeowners Insurance ClaimsInsurance Journalall 4 news articles »
  

• 6 Years After Upper Big Branch Tragedy, Ex-CEO of Mine Faces Sentencing

  06-04-2016 17:51
  
  Six years after 29 miners were killed in a West Virginia coal dust explosion, the man who ran the mining company like a fiefdom — a coal baron and power broker who earned millions of dollars a year — will …
  
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• Around the P&C insurance industry: April 6, 2016

  06-04-2016 17:45
  
  News from Hub, Marsh, RIMS and more.
  
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• Former DOBI Commissioner Considine to lead insurance policy group - NJBIZ

  06-04-2016 17:37
  NJBIZ
  Former DOBI Commissioner Considine to lead insurance policy group
  NJBIZ
  Thomas Considine, new CEO of the National Conference of Insurance Legislators. - (NATIONAL CONFERENCE OF INSURANCE LEGISLATORS). Thomas Considine, a former New Jersey Department of Banking and Insurance commissioner, and briefly the ...
  

• Marshfield summit tackles flood insurance - Wicked Local Marshfield

  06-04-2016 17:31
  Express.co.uk
  Marshfield summit tackles flood insurance
  Wicked Local Marshfield
  MARSHFIELD – The beauty and comfort of living near the beach is sometimes offset by concerns and questions about flood insurance. Addressing those concerns was the goal of a flood insurance summit Tuesday in the Marshfield High School auditorium.
  Lifeline for flood-risk homeowners: New scheme to stem rising costs of insuranceExpress.co.uk
  Are Maui Homeowners Eligible for Flood Insurance?Maui Now
  Flood Re schem
  

• Bakersfield insurance agent arrested, faces embezzlement charges - Bakersfield Now

  06-04-2016 17:09
  KERO 23ABC News
  Bakersfield insurance agent arrested, faces embezzlement charges
  Bakersfield Now
  BAKERSFIELD, Calif. (KBAK/KBFX) — An insurance agent was arrested, accused of stealing customers' premiums and not providing the coverage purchased. Jose Luis Yanez, Jr., 36, of Bakersfield surrendered and was arraigned on March 29. Department ...
  Bakersfield insurance agent charged with embezzlementKern Golden Empire
  Bakersfield insurance agent arrested for embezzlementKERO 23ABC Newsall
  

• California Court Says Employers Can’t Deny Workers Seats

  06-04-2016 17:06
  
  Employers cannot deny a worker a place to sit just because they prefer the person stand, and they must consider the employee’s work station, not their overall duties, when determining whether to provide a seat, the California Supreme Court said …
  
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• Montana Man Sued for Wrongful Death after Shooting Home Intruder

  06-04-2016 17:01
  
  Representatives of a man shot and killed after he broke into a Helena, Mont. home have filed a wrongful death lawsuit against the shooter. The Independent Record reported that the suit filed on behalf of the estate of Henry Thomas …
  
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• Uber Driver Mugged in Downtown Vegas

  06-04-2016 16:50
  
  Police are looking for a suspect who knifed and robbed of an Uber driver in downtown Las Vegas. Authorities say the attack happened Friday around 2:15 a.m. near the Golden Nugget hotel. According to police, the driver picked up a passenger …
  
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• Schuhriemen Joins Alliant’s Healthcare Practice in California

  06-04-2016 16:43
  
  Newport Beach, Calif.-based Alliant Insurance Services Inc. has named Robert Schuhriemen senior vice president in its healthcare practice. Schuhriemen has 24 years of experience. He was a client executive with a global insurance brokerage firm before joining Alliant. Alliant provides …
  
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• How to create a disaster recovery plan for your business

  06-04-2016 13:45
  
  Protect your employees, customers and bottom line from Mother Nature.
  
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• Young insurance professionals take part in ‘Trivia for Charity’

  06-04-2016 13:15
  
  Group of 250 from the Midwest raised more than $13,000 in support of local nonprofits.
  
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• 7 ways ransomware could invade your company

  06-04-2016 13:00
  
  This is the year when "ransomware will wreak havoc" on America’s infrastructure community, ICIT warns.
  
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• Hospitals Warned on Surge in Ransomware Attacks

  06-04-2016 12:43
  
  U.S. hospitals should brace for a surge in “ransomware” attacks by cyber criminals who infect and shut down computer networks, then demand payment in return for unlocking them, a non-profit healthcare group warned on Friday. The Health Information Trust Alliance …
  
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• PartnerRe Names Former EXOR Managing Director, Bonaccorso, as CFO

  06-04-2016 11:53
  
  PartnerRe Ltd. announced that Mario Bonaccorso, formerly managing director at EXOR SpA, has been appointed chief financial officer, subject to Bermuda Immigration approval. Bill Babcock, who has served as executive vice president and CFO at PartnerRe since October 2010, will …
  
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• ‘Brexit’ Threatens UK Shipping, Marine Insurance Sectors

  06-04-2016 11:35
  
  If Britain votes to leave the European Union, the country’s shipping sector faces years of disruption as trade agreements get reworked and currency volatility leads to higher costs at a time when the industry is battling its worst global downturn. …
  
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• Anbang Insurance to Acquire Allianz's South Korea Operations - Insurance Journal

  06-04-2016 11:12
  Pensions & Investments
  Anbang Insurance to Acquire Allianz's South Korea Operations
  Insurance Journal
  Anbang Insurance Group Co., which walked away from a bid to acquire Starwood Hotels & Resorts Worldwide Inc. last week, has agreed to buy Allianz SE's operations in South Korea. The Chinese insurer will purchase Allianz Life Insurance Korea and ...
  Allianz sells Korea money management business to Anbang InsurancePensions & Investments
  China's Anbang Insurance Group Reaches Deal
  

• Anbang Insurance to Acquire Allianz’s South Korea Operations

  06-04-2016 11:12
  
  Anbang Insurance Group Co., which walked away from a bid to acquire Starwood Hotels & Resorts Worldwide Inc. last week, has agreed to buy Allianz SE’s operations in South Korea. The Chinese insurer will purchase Allianz Life Insurance Korea and …
  
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• Talbot & Markel Offer D&O Facility in MEA Region with Per-Risk Capacity of $30M

  06-04-2016 10:50
  
  Talbot Underwriting Ltd., a wholly owned subsidiary of Validus Holdings Ltd., has joined forces with specialist insurer Markel International to provide a facility for directors and officers risks in the Middle East and Africa (MEA) marketplace. Offered through Lloyd’s Dubai, …
  
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• Patriot National Launches Online Risk Management Marketplace

  06-04-2016 06:56
  
  Patriot Risk Consultants (PRC), a subsidiary of Patriot National, Inc. has launched PN BidExpert, an online marketplace to connect underwriters and risk managers with loss control engineers. PN BidExpert works by matching and connecting underwriters and risk managers with a …
  
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