Insurance news

• San Antonio Storm Costliest Hail Event in Texas History

  20-04-2016 23:52
  
  More than 110,000 vehicles and thousands of homes in Texas regions of north San Antonio and Bexar County were pelted by large hail in what will become the costliest hailstorm in Texas history, according to the Independent Insurance Agents of …
  
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• Do Drunk Drivers Have Constitutional Rights?

  20-04-2016 21:31
  
  Can you be charged with a crime for refusing to take a Breathalyzer test when stopped on suspicion of drunken driving? It’s hard to think of a constitutional rights question that affects more people. On Wednesday, the Supreme Court will …
  
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• Sandy Hook judge sets trial against AR-15 maker Bushmaster

  20-04-2016 19:31
  
  The maker of the assault rifle used in the 2012 massacre of more than two dozen students and teachers at Sandy Hook Elementary School was ordered to allow its executives to be questioned.
  
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• Massachusetts Workers’ Comp Rates to Rise an Average of 1.5%

  20-04-2016 18:57
  
  Massachusetts Gov. Charlie Baker’s administration announced Wednesday that the state’s workers’ compensation rates will rise an average 1.5 percent beginning July 1. Officials said this nominal increase is the result of a settlement between the Division of Insurance’s State Rating …
  
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• VW fooled your DMV too, prompting calls for tougher air tests

  20-04-2016 18:52
  
  Critics are calling for the 32 states that mandate emissions tests to close loopholes and make them harder to game.
  
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• MarketScout Expands Workers’ Compensation Division with Atlanta Hire

  20-04-2016 18:46
  
  MarketScout, the national electronic insurance exchange and specialty MGA headquartered in Dallas, has expanded its Workers’ Compensation division by adding three insurance professionals in San Francisco, Las Vegas and Atlanta. Jonathan Maloney will be based in Atlanta and joins MarketScout …
  
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• Unaddressed Cultural Clashes Cause Many M&A Failures: Willis Towers Watson

  20-04-2016 18:16
  
  Many insurers see cultural integration as a major post-deal challenge, but few use employee engagement as an indicator of integration success, according to a survey of senior insurance executives conducted by Willis Towers Watson M&A Risk Consulting in conjunction with …
  
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• Uber Agrees to $10M Fee in Deal With Newark, New Jersey

  20-04-2016 18:02
  
  The mayor of Newark, New Jersey, has released details on a tentative agreement he’s reached with ride-hailing company Uber to operate in the state’s largest city. The deal calls for Uber to pay Newark $1 million a year for 10 …
  
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• Mitsubishi discloses it manipulated fuel economy tests

  20-04-2016 17:58
  About 625,000 minicars produced over the past three years were marketed as being as much as 10% more fuel efficient than they actually were.
  
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• Sandy Hook Families’ Lawsuit Against Bushmaster Gets Trial Date

  20-04-2016 17:56
  
  The maker of the assault rifle used in the 2012 massacre of more than two dozen students and teachers at Sandy Hook Elementary School was ordered to allow its executives to be questioned ahead of a trial of a lawsuit …
  
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• Sierras Along California, Nevada Line Long Overdue for Big Quake

  20-04-2016 17:07
  
  Scientists say the Sierra’s eastern front is long overdue for a large earthquake along the California-Nevada line, where a magnitude-7 event expected on average every 30 years hasn’t occurred in six decades. Nevada Seismology Laboratory Director Graham Kent says the …
  
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• USI Acquires Brooks Insurance in Ohio

  20-04-2016 16:46
  
  USI Insurance Services has acquired Toledo, Ohio-based Brooks Insurance. Brooks employees will remain at their Toledo and Bowling Green locations. Terms of the deal were not disclosed. Brooks provides property/casualty, employee benefits, bonds and surety, homeowners, renters, automobile, watercraft and personal …
  
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• Heaven Moves from Aon to Markel International’s Credit & Political Risk Division

  20-04-2016 16:35
  
  Markel International, the London-based specialist insurer and subsidiary of Markel Corp., has appointed Lida Heaven as an underwriter in its trade credit and political risk division. Heaven previously worked as a political risk and structured credit broker at Aon Risk Solutions. …
  
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• One-Size Doesn’t Fit All in Today’s Evolving Homeowners Market

  20-04-2016 16:27
  
  The homeowners insurance line, not often thought of as a bastion of change, is actually quietly evolving beyond the traditional “one-size-fits-all” business. Some of the puzzle pieces that make up homeowners insurance are changing shape and new pieces that address …
  
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• International insurance forum set up to share disaster and climate risk know-how - CGMA Magazine

  20-04-2016 16:16 via cgma.org
  International insurance forum set up to share disaster and climate risk know-how
  CGMA Magazine
  Representatives of the insurance sector, the United Nations, and the World Bank have created the international Insurance Development Forum (IDF) in an effort to share the industry's risk measurement expertise with governments in developing countries to ...
  
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• ASIC writes to banks, insurers to kick off life insurance probe - The Australian Financial Review

  20-04-2016 16:15 via afr.com
  
  The Australian Financial Review
  ASIC writes to banks, insurers to kick off life insurance probe
  The Australian Financial Review
  ASIC has written to industry players and is commencing an inquiry into life insurance practices. Sasha Woolley. by; Sarah Thompson · Anthony Macdonald · Joyce Moullakis. The corporate regulator has fired a salvo at the big banks and insurers ...and more »
  
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• Global Financial Leaders Warn About Dangers of Negative Interest Rates

  20-04-2016 16:13
  
  The chorus of global financial leaders warning about the fallout from negative interest rates is getting bigger. Nobuyuki Hirano, president of Mitsubishi UFJ Financial Group Inc., lambasted the Bank of Japan’s negative rates last week for putting banking stability at …
  
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• Liberty International Names Capicchioni to Head U.S. Railroad Line

  20-04-2016 16:00
  
  Liberty International Underwriters, part of Liberty Mutual Insurance, has appointed Robert Capicchioni to vice president of its U.S. Railroad product line. Previously, Capicchioni was underwriting manager in LIU’s Casualty group. In his new role, Capicchioni will be responsible for underwriting, …
  
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• Gen Re’s Benet Joins Beazley to Head Partners Solutions Group

  20-04-2016 15:45
  
  Specialty insurer Beazley has appointed Elizabeth Benet, formerly of General Re,  to head  new business development for its partner solutions focus group. Beazley’s specialty treaty team partners with insurance carriers to provide them with turnkey insurance products such as employment …
  
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• Fire Risk Prompts Recall of 133,000 Polaris All-Terrain Vehicles

  20-04-2016 15:28
  
  Polaris Industries Inc., of Medina, Minn., is cooperating in a recall of about 133,000 all-terrain vehicles due to a fire risk, according to the Consumer Product Safety Commission (CPSC). The recalled ATVs include Polaris model years 2013-2016 RZR 900 and …
  
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• Insurance Giant John Hancock Begins Blockchain Tech Tests - CoinDesk

  20-04-2016 15:02 via coindesk.com
  
  CoinDesk
  Insurance Giant John Hancock Begins Blockchain Tech Tests
  CoinDesk
  Life insurance and financial services giant John Hancock has begun work on multiple blockchain proofs-of-concept designed to show how distributed ledger technology could reinvent established insurance industry processes. But, as yet, the ...and more »
  
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• Homesite Insurance On Majesco's Cloud Insurance Suite Platform - Business Wire (press release)

  20-04-2016 14:45 via businesswire.com
  Homesite Insurance On Majesco's Cloud Insurance Suite Platform
  Business Wire (press release)
  MORRISTOWN, N.J.--(BUSINESS WIRE)--Majesco (NYSE MKT: MJCO), a global provider of core insurance software, consulting and services for insurance business transformation, today announced the extended agreement to use the Majesco P&C Suite ...and more »
  
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• Crop insurance a sham, SC told - Chandigarh Tribune

  20-04-2016 14:08 via tribuneindia.com
  Crop insurance a sham, SC told
  Chandigarh Tribune
  The crop insurance scheme meant for farmers is nothing but a sham as the affected people were unable to claim compensation for farm losses under the terms and conditions of the policy, a PIL petitioner on drought has informed the Supreme Court. Arguing ...
  
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• Underwater: Cleaning up fraudulent water mitigation claims

  20-04-2016 13:45
  
  Fraudulent water mitigation claims are on the rise nationwide, but are causing particular concern in Florida, where fraudsters could destroy the Homeowners' insurance market.
  
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• Catastrophe Exposure Grows with Selective Use of Alternative Capital: A.M. Best

  20-04-2016 13:42
  
  Insurers in the London, Europe and Bermuda markets writing catastrophe-exposed business take a different approach to retention of risk at the 1-in-100-year return level in comparison to the 1-in-250-year level, according to report published by A.M. Best. At the lower …
  
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• An Insurance Giant Quits ObamaCare - Wall Street Journal

  20-04-2016 13:28 via wsj.com
  
  Wall Street Journal
  An Insurance Giant Quits ObamaCare
  Wall Street Journal
  The largest U.S. health insurer is quitting ObamaCare, notes a Journal editorial. On Tuesday UnitedHealth Group reported a strong first quarter, with one exception: an increase in projected Affordable Care Act losses. CEO Stephen Hemsley said ...
  UnitedHealthcare to exit most state insurance exchangesChicago Tribune
  UnitedHealth to Pull Back From Insurance Exchanges, Citing LossesNew York Times
  Insurance company backing
  
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• Travellers warned to vaccinate or risk invalidating insurance - Express.co.uk

  20-04-2016 13:15 via express.co.uk
  
  Express.co.uk
  Travellers warned to vaccinate or risk invalidating insurance
  Express.co.uk
  HOLIDAYMAKERS must get ALL required vaccinations before jetting away to exotic locations or face being lumbered with thousands of pounds in medial bills, experts warned today. By Lana Clements. PUBLISHED: 12:00, Wed, Apr 20, 2016 | UPDATED: ...
  
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• Putting together a podcast

  20-04-2016 13:15
  In a mobile society, podcasts can be an effective way to reach existing and prospective clients when they’re on the go.
  
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• 50 of the most innovative sales ideas for 2016

  20-04-2016 13:00
  
  Check out the top 50 best sales and marketing ideas for 2016.
  
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• How these doctors bypass insurance companies - The Boston Globe

  20-04-2016 12:46 via bostonglobe.com
  
  The Boston Globe
  How these doctors bypass insurance companies
  The Boston Globe
  MARBLEHEAD — For nine years, Dr. Jeffrey Gold was the quintessentially overworked family physician: too many patients, too much paperwork, too little time to really provide care. It was the kind of pace that leads to burnout for many doctors ...
  How to use direct primary care and health insuranceThe Tennesseanall 7 news articles »
  
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• Future Generali joins hand with 10 banks for micro insurance push - Economic Times

  20-04-2016 12:16 via economictimes.indiatimes.com
  
  Future Generali joins hand with 10 banks for micro insurance push
  Economic Times
  KOLKATA: Future Generali India Insurance Company joins hands with 10 cooperative banks in Maharashtra to grow rural business. The tie-ups will help the insurer expand its market in the state as the company looks to grow bancassurance business by 50% ...and more »
  
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• CGSC Appoints Wallin as Group Commercial Director with M&A Expertise

  20-04-2016 10:53
  
  Cooper Gay Swett & Crawford (CGSC), the London-based reinsurance, wholesale and specialty broker, announced the appointment of Andy Wallin as group commercial director. He takes up the role with immediate effect. Wallin brings to his new role over a decade …
  
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• AmTrust Seeks to Boost Lloyd’s Presence with Purchase of Specialty Insurer ANV

  20-04-2016 10:02
  
  AmTrust Financial Services said it has agreed to buy specialty insurance company ANV Holdings B.V. and its Lloyd’s affiliates for $218.7 million in cash. The seller is the Ontario Teachers’ Pension Plan. As part of the acquisition deal, AmTrust said …
  
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• Brexit Would Risk London’s Role as Top Financial Center: Bank of England’s Carney

  20-04-2016 09:18
  
  The City of London should expect its preeminent role in the global financial system to fade if Britain leaves the European Union, according to Mark Carney. The governor of the Bank of England — the de facto custodian of the …
  
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• ‘Brexit’ Will Risk London’s Role as Top Financial Center: Bank of England’s Carney

  20-04-2016 09:18
  
  The City of London should expect its preeminent role in the global financial system to fade if Britain leaves the European Union, according to Mark Carney. The governor of the Bank of England — the de facto custodian of the …
  
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• UnitedHealth to Drop Individual Obamacare Plans in Multiple States

  20-04-2016 08:00
  
  UnitedHealth Group Inc. will drop out of government-organized health insurance markets in at least 16 states as the U.S. industry leader tries to stem losses from participating in Obamacare, the healthcare overhaul that has brought coverage to millions of people. …
  
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• South Florida Zoo Reopens After Deadly Tiger Attack

  20-04-2016 07:03
  
  The South Florida zoo where a veteran keeper was attacked and killed by a Malayan tiger reopened Monday as authorities from several local, state and federal agencies continue investigating what led to the deadly attack on April 15. Speaking in …
  
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• QBE Enhances Equipment Breakdown Coverage to Address New Technologies

  20-04-2016 06:49
  
  QBE North America, an operating division of QBE Insurance Group, has enhanced its equipment breakdown coverage with equipment breakdown and technology insurance to cover losses resulting from microelectronic failures. Microelectronics, with circuitry thousands of times smaller than a human hair, …
  
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• Commentary: Navigating Florida’s Comparative Fault Statute

  20-04-2016 06:30
  
  During the life of a Florida claim, risk managers, adjusters or clients often ask, “What kind of jurisdiction is Florida for fault?” And all too often, the answer given since 2006 is, “purely comparative.” This is a reference to the …
  
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• Fire at Tennessee Apartment Complex Kills 1, Destroys 11 Homes

  20-04-2016 06:23
  
  One person has died and 11 homes have been destroyed following a fire at an apartment complex in Harriman, Tenn. Harriman Fire Department Chief David Bailey tells news outlets that the fire broke out Sunday morning at the Oasis Apartments …
  
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• HASD buys insurance without a price tag - Standard Speaker

  20-04-2016 06:03 via standardspeaker.com
  HASD buys insurance without a price tag
  Standard Speaker
  A special meeting of the Hazleton Area school board Tuesday focused on choosing an insurance company, with the winner of the three-year contract being the Pittston-based Joyce Insurance group, which also has an office in Hazleton. Two other insurance ...
  
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