Insurance news

• Local insurance agents talk with lawmakers about crop and flood insurance, health reform - Valley News Live

  08-04-2016 23:56
  Valley News Live
  Local insurance agents talk with lawmakers about crop and flood insurance, health reform
  Valley News Live
  WASHINGTON (Valley News Live) – Independent insurance agents from across the country gathered on Capitol Hill this week to talk about issues that relate to your crops, land and property. Several area agents, who are part of the Professional Insurance ...
  

• New Brunswick firefighter charged with insurance fraud - MyCentralJersey.com

  08-04-2016 23:18
  MyCentralJersey.com
  New Brunswick firefighter charged with insurance fraud
  MyCentralJersey.com
  What we're working on at the Courier News, Home News Tribune and MyCentralJersey.com April 9 and through the weekend. STAFF VIDEO BY JENNA INTERSIMONE. Richard Patterson allegedly stole more than $5,000 in bogus disability insurance claims.and more »
  

• Homeowners: Don't short change insurance - WTSP.com

  08-04-2016 22:28
  WTSP.com
  Homeowners: Don't short change insurance
  WTSP.com
  Homeowners need know that saving a few hundred dollars on a policy might hurt in the long run. WTSP photo. CONNECT TWEET PINTEREST. “You get what you pay for and people shop price not product, and just because you're saving $200 on a policy ...and more »
  

• AnaCap sells online insurance broker for £120m - Financial Times

  08-04-2016 22:22
  AnaCap sells online insurance broker for £120m
  Financial Times
  Private equity group AnaCap has sold Simply Business, the UK online insurance broker, to New York-based Aquiline Capital Partners for £120m, according to people familiar with the situation. AnaCap backed a management buyout at the company in 2013 ...
  

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• Mayor: New Orleans to See Big Drop in Flood Insurance Costs - ABC News

  08-04-2016 22:04
  Mayor: New Orleans to See Big Drop in Flood Insurance Costs
  ABC News
  New federal maps say New Orleans is much less vulnerable to flooding than it was before Hurricane Katrina struck more than 10 years ago. As a result, Mayor Mitch Landrieu says, half of the city's properties will see a big drop in their flood insurance ...and more »
  

• Nuclear power company agrees to review fire safety at reactors after probe

  08-04-2016 22:01
  
  Entergy Corp. agreed to review fire safety measures at all its nuclear reactors after an investigation by federal regulators found that workers at one plant failed to follow rules and falsified records.
  
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• United Healthcare won't sell on Georgia insurance exchange - Atlanta Journal Constitution (blog)

  08-04-2016 21:37
  Business Insurance
  United Healthcare won't sell on Georgia insurance exchange
  Atlanta Journal Constitution (blog)
  United Healthcare will not sell Georgia plans next year on the federal health insurance marketplace, the state insurance department said Friday. United is the only insurer that has notified the state that it will not participate on the federal exchange ...
  Lower health insurer profits here to stay?Business Insuranceall 3 news articles »
  

• Texas Mutual Insurance Names Evans VP of Marketing, Customer Engagement - Insurance Journal

  08-04-2016 21:15
  Texas Mutual Insurance Names Evans VP of Marketing, Customer Engagement
  Insurance Journal
  Workers' compensation insurance carrier, Texas Mutual Insurance Co., hired Lisa Evans as vice president of marketing and consumer engagement. She oversees the marketing and customer engagement teams, and the Texas Mutual Premier large account ...
  

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• Texas Mutual Insurance Names Evans VP of Marketing, Customer Engagement

  08-04-2016 21:14
  
  Workers’ compensation insurance carrier, Texas Mutual Insurance Co., hired Lisa Evans as vice president of marketing and consumer engagement. She oversees the marketing and customer engagement teams, and the Texas Mutual Premier large account program. Evans has more than 20 …
  
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• Getting the Tesla Model 3? Don't Forget About the Insurance - Huffington Post

  08-04-2016 21:06
  Huffington Post
  Getting the Tesla Model 3? Don't Forget About the Insurance
  Huffington Post
  The release of the Tesla Model 3 this past week has been an unprecedented success. Over 300,000 people have put down $1,000 to pre-order the “car of the future”, and we over at ValuePenguin have also been excited, but for a different reason. As experts ...and more »
  

• Doomed FlyDubai plane put into 'nose-down' position before crash

  08-04-2016 20:36
  
  Pilot error likely contributed to the fatal crash of a FlyDubai plane in southern Russia last month, an initial report by investigators indicated.
  
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• One way to buy insurance against a maturing rally - MarketWatch

  08-04-2016 20:30
  MarketWatch
  One way to buy insurance against a maturing rally
  MarketWatch
  T. Erik Conley is a private investing coach, a 30-year veteran of the investment and financial services industry, and the founder and CEO of ZenInvestor.org. The Web site offers commentary on capital markets and the economy, as well as customized ...
  

• Privacy alert: Huge health insurance security gaps can reveal your ID - Komando

  08-04-2016 20:01
  Komando
  Privacy alert: Huge health insurance security gaps can reveal your ID
  Komando
  The federal government has issued an alarming privacy warning. Congress' Government Accountability Office (GAO) says that state-run health insurance websites have massive security holes, which hackers could use to access your health insurance ...and more »
  

• EPIC Names Miller Vice President in California

  08-04-2016 19:46
  
  EPIC Insurance Brokers & Consultants has named Penny Miller vice president in the firm’s employee benefits consulting team. She will be based in San Francisco and report to David Wiesner, regional director of employee benefits. Miller has 25 years of …
  
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• BMW challenges Uber in U.S. with its own ride-booking service

  08-04-2016 19:33
  
  BMW plans to offer a ride-booking service in Seattle and then other U.S. cities, becoming the first luxury-car maker to go toe to toe with Uber.
  
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• XL Catlin Launches New Cargo Policy for Marine Businesses

  08-04-2016 18:56
  
  XL Catlin’s Americas Marine business has introduced its first new marine product, an enhanced insurance policy to offer more comprehensive cargo insurance coverage on a domestic, foreign or worldwide basis. Andrew D’Alessio, XL Catlin’s Americas cargo product leader in New …
  
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• Legal Pot Proponents Urge Connecticut Legislators to Act Fast

  08-04-2016 18:53
  
  Proponents of legalizing marijuana in Connecticut urged state lawmakers to act quickly and capitalize on the “novelty factor” of possibly becoming the first New England state to allow recreational use of the drug. Tracy Helin, of Middletown, Connecticut, who is …
  
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• Ratings of Minnesota's Rural Community Insurance Upgraded: AM Best - Insurance Journal

  08-04-2016 18:47
  Ratings of Minnesota's Rural Community Insurance Upgraded: AM Best
  Insurance Journal
  A.M. Best has removed from under review with developing implications and upgraded the financial strength rating to A+ (Superior) from A (Excellent) and the issuer credit rating to “aa-” from “a+” of Rural Community Insurance Co. (RCIC) in Anoka, Minn.
  

• Ratings of Minnesota’s Rural Community Insurance Upgraded: A.M. Best

  08-04-2016 18:47
  
  A.M. Best has removed from under review with developing implications and upgraded the financial strength rating to A+ (Superior) from A (Excellent) and the issuer credit rating to “aa-” from “a+” of Rural Community Insurance Co. (RCIC) in Anoka, Minn. …
  
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• Csorba Joins Great American Insurance Group as Divisional President - Insurance Journal

  08-04-2016 18:39
  Csorba Joins Great American Insurance Group as Divisional President
  Insurance Journal
  Great American Insurance Group, based in Cincinnati, Ohio, has hired F. Michael Csorba as divisional president within the property and casualty group's Ocean Marine Division. He will succeed John Rowney, who is retiring after nearly 28 years of service ...and more »
  

• Csorba Joins Great American Insurance Group as Divisional President

  08-04-2016 18:37
  
  Great American Insurance Group, based in Cincinnati, Ohio, has hired F. Michael Csorba as divisional president within the property and casualty group’s Ocean Marine Division. He will succeed John Rowney, who is retiring after nearly 28 years of service with …
  
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• Delaware: Former Coventry Policyholders Entitled to Unclaimed Funds

  08-04-2016 18:36
  
  The Delaware Department of Insurance said several consumers have recently contacted the department’s Consumer Services Division regarding a letter they received in the mail from “Aetna, Treasury Services – Unclaimed Property.” The letter states that the consumer may be owed …
  
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• Fomby Named VP at Texas-Based LevelFirst

  08-04-2016 18:32
  
  LevelFirst, a wholesale insurance broker and MGA binding facility owned by IIAT Services Co., has appointed Rhonda Fomby as vice president. Fomby will assume the responsibility of underwriting new business opportunities with the MGA Binding Authority Division. In addition, she …
  
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• Texas Teen’s Air Bag Death Spurs Renewed Call to Fix Recalled Cars

  08-04-2016 18:28
  
  The brother of a Texas teenager killed by shrapnel from an exploding Takata Corp air bag said that his family never received a recall notice about the defective vehicle safety device. The brother’s comments came as federal safety regulators called …
  
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• Study: Economic Impact of North Carolina Captives Increased by $12.8M in 2015

  08-04-2016 18:25
  
  The economic impact of North Carolina’s captive insurance company program increased significantly in its second full year of operation, according to a study conducted by the North Carolina Department of Insurance. North Carolina Insurance Commissioner Wayne Goodwin reported the results …
  
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• Entergy Agrees to Review Fire Safety at Reactors After Federal Probe

  08-04-2016 18:24
  
  Entergy Corp. agreed to review fire safety measures across its nuclear reactors after an investigation by federal regulators found that workers at a Louisiana plant failed to follow rules and falsified records. Contract workers at Entergy’s Waterford 3 nuclear power plant …
  
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• Transportation Group: Oklahoma Roads Take Financial Toll on Drivers

  08-04-2016 18:21
  
  Congested and deficient roads cost Oklahoma drivers $4.9 billion a year because of increased vehicle operating costs, traffic crashes and delays, according to a report released by a transportation research group. Twenty-eight percent of major locally and state-maintained roads in …
  
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• Tribune Shareholder Suit Against Chicago Insurance Broker OK’d to Proceed

  08-04-2016 18:17
  
  Finding an exclusion in a directors and officers (D&O) policy to be “ambiguous,” an Illinois appeals court has allowed to go forward a lawsuit filed against a large Chicago insurance brokerage by two former Tribune Co. shareholders. The case stems from the …
  
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• Uber, Lyft Campaign to Expand Operations Into Upstate New York

  08-04-2016 18:01
  
  Uber and Lyft are gearing up for a campaign to expand their ride-hailing operations into upstate New York to include Buffalo, Rochester, Syracuse and Albany. New Yorkers for Ridesharing, a coalition of more than 50 groups that support the expansion, …
  
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• New York Study Highlights Avoidable Emergency Room Costs

  08-04-2016 17:50
  
  A New York health insurer’s study shows 10 common conditions like sinus infections and sprains represented more than 2 million visits to hospital emergency rooms statewide and cost about $1.3 billion in 2013. The study says about 90 percent could …
  
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• Ansay & Associates acquires Servant Insurance Services - Milwaukee Journal Sentinel

  08-04-2016 17:43
  Ansay & Associates acquires Servant Insurance Services
  Milwaukee Journal Sentinel
  Regional insurance and benefits agency Ansay & Associates said it has acquired Servant Insurance Services, of Franklin, continuing its expansion in Wisconsin. Port Washington-based Ansay adds 13 employees and the personal, employee benefits and ...
  

• Oregon Considers Renewal of Lloyd's Wildfire Insurance Policy - Insurance Journal

  08-04-2016 17:24
  Oregon Considers Renewal of Lloyd's Wildfire Insurance Policy
  Insurance Journal
  Oregon is considering another year of insurance coverage to help pay for catastrophic wildfire seasons. British insurance giant Lloyd's is offering the state another year of coverage despite three consecutive years of expensive, drought-fueled wildfires.
  Our View: State should renew fire insurance policyMail Tribuneall 2 news articles »
  

• Oregon Considers Renewal of Lloyd’s Wildfire Insurance Policy

  08-04-2016 17:22
  
  Oregon is considering another year of insurance coverage to help pay for catastrophic wildfire seasons. British insurance giant Lloyd’s is offering the state another year of coverage despite three consecutive years of expensive, drought-fueled wildfires. The policy could protect the …
  
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• FACTBOX: Meteorologists Predict 2016 Hurricane Season Will Be More Active

  08-04-2016 17:15
  
  Early forecasts from meteorologists suggest the 2016 Atlantic hurricane season will be more active than normal, partly because of the expected end of the El Niño weather pattern in the next few months. Weather forecasters have linked the El Niño …
  
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• California Prosecutors, Uber Settle Over Background Checks

  08-04-2016 17:11
  
  Uber Technologies Inc. agreed to settle claims by California prosecutors that its background checks on drivers weren’t as thorough as advertised. The company is required to pay a civil penalty of $10 million within two months and payment of an …
  
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• California Uber Drivers Seeking $1B Bounty Claim as Trial Draws Near

  08-04-2016 17:08
  
  Uber Technologies Inc. drivers suing to be treated like employees are trying to add $1 billion in penalties under California’s unique “bounty hunter” statute as they prepare for trial in June. About 240,000 current and former Uber drivers in California …
  
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• California Insurance Marketplace Imposes New Quality, Cost Conditions On Plans - Kaiser Health News

  08-04-2016 17:03
  Kaiser Health News
  California Insurance Marketplace Imposes New Quality, Cost Conditions On Plans
  Kaiser Health News
  Moving into a realm usually reserved for health care regulators, the California health marketplace Thursday unveiled sweeping reforms to its contracts with insurers, seeking to improve the quality of care, curb its cost and increase transparency for ...
  County Pulse: Should undocumented immigrants be allowed to purchase Obamacare insurance?Modesto Bee (blog)all 10 news articles&n
  

• Connecticut archdiocese sues insurance company for reimbursement in sex case settlement - FOX 61

  08-04-2016 17:00
  FOX 61
  Connecticut archdiocese sues insurance company for reimbursement in sex case settlement
  FOX 61
  HARTFORD —The Roman Catholic Archdiocese of Hartford is taking its dispute with an insurance company to trial, seeking reimbursement of more than $1 million in payments made to settle sexual misconduct cases involving priests and minors. The case is ...
  Federal judge begins hearing testimony in trial over whether insurance company was wrong to refuse to reimburse a ...Daily Journalal
  

• Investigation finds security flaws in state-run health insurance websites - The Verge

  08-04-2016 16:56
  The Verge
  Investigation finds security flaws in state-run health insurance websites
  The Verge
  Federal officials have found "significant cybersecurity weaknesses" in the state-run health insurance websites of California, Kentucky, and Vermont, the Associated Press reports. The security flaws could have allowed hackers access to the personal ...
  Security flaws found in 3 state health insurance websitesBoing Boing
  Security flaws found in 3 state insurance websitesDeKalb Daily Chronicle
  Report
  

• Vollert Appointed CEO of AXA Germany, Joining from Allianz in September

  08-04-2016 16:38
  
  AXA announced the appointment of Alexander Vollert as chief executive officer of AXA Germany. In addition, he will be appointed to AXA Group’s executive committee. This appointment will be effective as of Sept. 16, 2016, subject to the approval of …
  
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• Father's battle for life insurance - Gold Coast Bulletin

  08-04-2016 16:07
  Gold Coast Bulletin
  Father's battle for life insurance
  Gold Coast Bulletin
  Mohamed Karroum from Labrador has gone to court over the life insurance policy on his daughter Amira, who was killed in Syria. Picture: Glenn Hampson. THE father of Gold Coast jihadist Amira Karroum has launched a legal battle to claim her $300,000 ...and more »
  

• Csorba Joins Great American Insurance to Succeed Rowney as Ocean Marine Leader

  08-04-2016 15:46
  
  Great American Insurance Group has hired F. Michael Csorba as divisional president within the Property and Casualty Group’s Ocean Marine division. Csorba is succeeding John Rowney, who is retiring after nearly 28 years of service with the company. Csorba joins …
  
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• Looking at an Insurance Company's Balance Sheet - Motley Fool

  08-04-2016 15:40
  Looking at an Insurance Company's Balance Sheet
  Motley Fool
  Finding, pricing, and managing the risks of the insured aren't all that insurance companies do. Insurance companies also have to manage their investment risks they take when they make investments using the premiums they receive from their customers to ...and more »
  

• Chubb’s Cox to Retire in July; Meyer to Head Financial Lines Division

  08-04-2016 15:40
  
  Chubb announced that Robert C. Cox, division chairman of North America Financial Lines, will retire on July 1, 2016, bringing to a close a 35-year career with the company. Upon Cox’s retirement, Scott A. Meyer, division president, North America Professional …
  
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• Would You Share Wearable Activity Tracker Data With Insurance Companies? - TheStreet.com

  08-04-2016 15:25
  TheStreet.com
  Would You Share Wearable Activity Tracker Data With Insurance Companies?
  TheStreet.com
  Wearable health tracking devices are gathering momentum on the technology front, with 87% of users stating their devices "prompt more active behavior," according to a new study from the Consumer Electronics Association. Now, a more recent study from ...
  

• Verisk in Talks to Sell Health Data Unit to Carlyle Group: Reuters

  08-04-2016 15:22
  
  Private equity firm Carlyle Group LP is in advanced talks to acquire the healthcare information technology division of U.S. data analytics company Verisk Analytics Inc., according to people familiar with the matter. Carlyle has so far prevailed in an auction …
  
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• Hartford CEO Compensation Reaches $10M with Stock Awards, Bonus

  08-04-2016 14:30
  
  Hartford Financial Services Group Inc. said that Chief Executive Officer Chris Swift’s pay package nearly doubled to $10 million for last year as stock awards climbed. The compensation included a $2.45 million bonus and more than $6 million in stock and …
  
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• People on the move in the P&C insurance industry: April 8, 2016

  08-04-2016 14:15
  
  News from Lockton, Hartford Financial Services Group, Crichton Group and more.
  
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• Groups join to push Flood insurance reform

  08-04-2016 14:00
  
  In NFIP discussions, unity is as important as mitigation, privatization, mapping and other issues, organizations say.
  
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• P/C Price Declines Begin to Slow for North American Buyers: Willis Towers Watson

  08-04-2016 13:49
  
  The pricing declines enjoyed by most buyers for several renewal cycles are beginning to slow down, raising the likelihood that companies will experience some price increases in various commercial lines of insurance in the coming year, according to a report …
  
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