Insurance news

• Making insurance jobs cool: How Iowa is recruiting millennials - DesMoinesRegister.com

  22-04-2016 22:52 via desmoinesregister.com
  
  DesMoinesRegister.com
  Making insurance jobs cool: How Iowa is recruiting millennials
  DesMoinesRegister.com
  Spare Cameron Burt the jokes about working in insurance — he's well aware of the industry's dull rep. "The reputation of the industry was that it was the industry your grandfather worked in, or if you couldn't do anything else, that's what you ended ...
  
  Read more

• Woman who ran Obamacare says BIG insurance prices hikes coming - CNBC

  22-04-2016 21:11 via cnbc.com
  
  CNBC
  Woman who ran Obamacare says BIG insurance prices hikes coming
  CNBC
  Marilyn Tavenner's crystal ball didn't foresee the initial epic flop of HealthCare.gov when she actually ran the agency in charge of the website. Now, as an insurance lobbyist, she sees big jumps in Obamacare insurance premiums next year. "I've been ...
  Long-Term Care Insurance: Less Bang, More BuckThe Lund Report
  An Insurance Giant Quits ObamaCareWall Street Journal
  UnitedHealth's Exit from Insurance Exchanges: Will Other
  
  Read more

• Repairs to GE engines ordered after Dreamliner in-flight damage

  22-04-2016 20:48
  
  Airlines flyingBoeing Co.’s 787 Dreamliner jets with the latest General Electric Co. engines were ordered to repair them, or swap out at least one with an older model, in an urgent safety directive after a recent in-flight event.
  
  Read more

• People on the move in the P&C insurance industry: April 22, 2016

  22-04-2016 20:45
  
  News from Crichton, LIU, XL Catlin and more.
  
  Read more

• Advertisement

• German automakers agree to 630,000-car recall over emissions

  22-04-2016 19:50
  
  The recall is meant to fix a device that turns off emissions controls at particular temperatures as a means to protect the engine.
  
  Read more

• Ultra Risk Advisors in Washington Names McDonald Underwriting Director

  22-04-2016 19:32
  
  Bellevue, Wash.-based Ultra Risk Advisors has named Karen McDonald underwriting director for its program providing liability coverage for senior living facilities. McDonald has more than 10 years of underwriting experience in the senior living sector. Ultra Risk Advisors is a …
  
  Read more

• 4 More Upstate New York Mayors Join Call to Let Uber Expand

  22-04-2016 18:59
  
  The mayors of four cities in upstate New York have joined an effort to allow Uber to expand outside of New York City. Mayors in Ithaca, Utica, Rome and Hornell on Thursday endorsed a proposal before the state Legislature which …
  
  Read more

• Willis Towers Watson Upgrades Credit Risk Trading Platform

  22-04-2016 18:55
  
  Willis Towers Watson, has launched a next generation version of Mercury, its credit risk placement platform which offers clients the ability to bind credit insurance policies themselves over an online portal. Originally developed in the 1990s, the concept was moved …
  
  Read more

• Advertisement

• Donegal Group Reports $11.8M Q1 Net Income

  22-04-2016 18:55
  
  Donegal Group Inc. reported net income of $11.8 million for the first quarter of 2016, a 73 percent increase over $6.9 million for the first quarter of 2015. The Marietta, Pennsylvania-based insurer said net premiums written for the 2016 first …
  
  Read more

• Surviving the 100-year flood doesn't mean 99 years of safety

  22-04-2016 18:53
  The 100-year event is a moving target, especially in an urban environment.
  
  Read more

• Safety Specialty Insurance Co. Assigned A+ Rating by A.M. Best

  22-04-2016 18:43
  
  A.M. Best has assigned a financial strength rating of A+ (Superior) and an issuer credit rating of “aa-” to Safety Specialty Insurance Co., based in St. Louis, Mo. The outlook assigned to each rating is stable. According to A.M. Best, …
  
  Read more

• Medical Marijuana Expansion Bill Passes in Louisiana Senate

  22-04-2016 18:41
  
  A day after falling one vote short, backers of a proposal to expand Louisiana’s medical marijuana law to cover more diseases found success in the state Senate. Senators voted 21-16 for the proposal from Sen. Fred Mills, R-Parks on April …
  
  Read more

• NBA’s Thunder Among Groups Opposing Oklahoma Gun Bills

  22-04-2016 18:37
  
  Firearms bills to allow most Oklahoma adults to openly carry guns without any training or background checks have led to a showdown in Oklahoma between supporters of expanded gun rights and the state’s business community, including the NBA’s Oklahoma City …
  
  Read more

• Outgoing Florida Commissioner McCarty Talks How He’s Changed, What’s Next

  22-04-2016 18:34
  
  Serving in a highly-scrutinized government position like insurance commissioner for any state, let alone one facing such serious catastrophe risks as Florida, certainly has its challenges. Outgoing Florida Insurance Commissioner Kevin McCarty says during his nearly 13-year tenure he’s tried …
  
  Read more

• Motorcycle Helmet Repeal Bill Defeated in Louisiana House

  22-04-2016 18:33
  
  A bid to repeal Louisiana’s motorcycle helmet requirement narrowly failed in the state House. House Bill 337 fell shy of the 53 votes needed to advance to the Senate for consideration. Lawmakers voted 49-46 in support of the measure. Rep. …
  
  Read more

• OSHA Fines Storage Tank Company $95K for Missouri Workplace Hazards

  22-04-2016 18:31
  
  A federal agency has found that a storage tank manufacturer is continuing to expose workers in Missouri to hazardous levels of a chemical than can cause lung cancer and other health problems. The Occupational Safety and Health Administration said that …
  
  Read more

• New Trial Granted for South Dakota Woman in Arson-for-Insurance Case

  22-04-2016 18:27
  
  A woman convicted of setting fire to a bar and grill she co-owned in the South Dakota town of Herreid to get insurance money has been granted a new trial. A jury in February found 42-year-old Lori Brandner guilty of …
  
  Read more

• New Trial Granted for South Dakota Woman Convicted in Arson for Insurance Case

  22-04-2016 18:27
  
  A woman convicted of setting fire to a bar and grill she co-owned in the South Dakota town of Herreid to get insurance money has been granted a new trial. A jury in February found 42-year-old Lori Brandner guilty of …
  
  Read more

• A.M. Best: Ratings of National Unity Insurance Downgraded, Withdrawn

  22-04-2016 18:24
  
  A.M. Best reported it has both downgraded and withdrawn the ratings for National Unity Insurance Company (National Unity) in San Antonio, Texas. National Unity specializes domestic non-standard auto business, as well as  in insuring Mexican cars and commercial trucks traveling …
  
  Read more

• More than 170 nations gather to sign Paris climate accord on Earth Day 2016

  22-04-2016 17:53
  
  United Nations Secretary-General Ban Ki-moon challenged leaders to undertake steps to reduce pollution and slow warming linked to violent storms, rising seas, heat waves and droughts.
  
  Read more

• Rhode Island’s Falvey Yacht Insurance Adds 2 to Underwriting Team

  22-04-2016 17:47
  
  Falvey Yacht Insurance, a North Kingstown, Rhode Island-based managing general underwriter specializing in yacht insurance, has hired Laura Sherrod and Craig McGinnes to join the firm’s group of yacht underwriting experts. Sherrod will be senior vice president and McGinnes will …
  
  Read more

• UPC Insurance Receives Approval to Acquire Interboro in New York

  22-04-2016 17:44
  
  United Insurance Holdings Corp. (UPC Insurance), a property/casualty insurance holding company based in St. Petersburg, Florida, announced that it received formal approval from the New York State Department of Financial Services (NYDFS) to acquire Interboro Insurance Company. UPC Insurance first …
  
  Read more

• Groups: California Auto Repair Regs Will Increase Auto Insurance Rates

  22-04-2016 17:35
  
  As the California Department of Insurance stages hearings on proposed regulations designed to give more money to auto body repair shops, a handful of property/casualty insurance trade associations are voicing their opposition to the proposals. The groups are: The American …
  
  Read more

• Big ‘I’ Agents Honor Wilson with Yates Lifetime Achievement Award

  22-04-2016 17:25
  
  The Independent Insurance Agents & Brokers of America (Big “I”) has awarded Bill Wilson with the Jeff Yates Lifetime Achievement Award, the highest honor the association bestows on a non-agent, for a lifetime of work in the independent agency system. …
  
  Read more

• Cameras Trained on Mountains around Lake Tahoe Help Wildfire Battle

  22-04-2016 17:23
  
  A growing network of cameras trained on the mountains around Lake Tahoe is changing the way crews fight Western wildfires by allowing early detection that triggers quicker, cheaper, more tactical suppression than traditional war-like operations, experts said this week. The …
  
  Read more

• At Least 36 Killed by Distracted Driving in Arizona Last Year

  22-04-2016 17:17
  
  State transportation officials say 36 people died and more than 8,000 were involved in accidents as the result of distracted driving last year. April is national Distracted Driving Awareness Month and Arizona Department of Transportation officials are sending a message …
  
  Read more

• Uber to Settle Suit for $100M, Drivers Stay Independent Contractors

  22-04-2016 17:01
  
  Uber has agreed to pay up to $100 million to settle a class-action lawsuit which resolves a major challenge to its business model by allowing the ridesharing service to keep its California and Massachusetts drivers as independent contractors. The lawsuit …
  
  Read more

• Massachusetts Workers’ Compensation rates to rise by 1.5%

  22-04-2016 16:40
  
  The minimal increase is thanks to a settlement between the Division of Insurance’s State Rating Bureau, the Workers’ Compensation Rating and Inspection Bureau, and the Office of the Attorney General.
  
  Read more

• Plaintiffs Suing Dating Site Ashley Madison Over Data Breach Must Identify Themselves: U.S. Judge

  22-04-2016 16:09
  
  Plaintiffs leading a lawsuit against online dating website Ashley Madison over a security breach that exposed the personal data of customers must publicly identify themselves to proceed with the case, a U.S. judge has ruled. Forty-two plaintiffs, seeking to represent …
  
  Read more

• XL Catlin Names Zurich’s Riordan to Head Global Political Risk, Trade Credit Unit

  22-04-2016 15:13
  
  XL Catlin has appointed Dan Riordan as president, Global Political Risk & Trade Credit (PRTC), reporting to Neil Robertson XL Catlin’s chief executive, Global Specialty, Insurance.  The appointment also marks a structural change at XL Catlin with PRTC becoming a …
  
  Read more

• Uber Settlement Doesn’t Settle Gig Economy’s Independent Contractor vs. Employee Dispute

  22-04-2016 14:58
  
  Uber Technologies Inc. resolved the biggest threat to its business by settling with California drivers suing to be treated more like traditional employees, a move that could have broad-ranging implications for companies across the sharing economy. The agreement calls for …
  
  Read more

• Rental Car Firms Losing Out to Ridesharing

  22-04-2016 14:27
  
  Taxis aren’t the only ones that may be stressing out about Uber Technologies Inc. Transactions from the ride-hailing startup have surpassed rental cars among American professionals, according to Certify, the second-largest provider of travel and expense management software in North America. Uber accounted …
  
  Read more

• ‘100-Year Floods’ Happen More Often Than People Think

  22-04-2016 14:20
  
  Eleven months ago, Houston had a deadly flood. This week, the city had another. Events like these are often called “100-year floods,” and that can be misleading. The U.S. government began using the term in the 1960s to describe a …
  
  Read more

• Three keys to reducing workplace violence risks

  22-04-2016 13:45
  
  Workplace violence is increasing at an alarming rate, creating new questions about coverage for businesses.
  
  Read more

• Don't fail this April Fool's quiz

  22-04-2016 13:15
  
  Do you know the ISO Commercial General Liability Form as well as you think? Here are three questions to test your knowledge.
  
  Read more

• Top 10 ‘boomtowns’ in the United States

  22-04-2016 13:00
  Realtor.com chose these neighborhoods based on their growth in households, jobs and housing starts.
  
  Read more

• Aspen Q1 Operating Income Decreases to $89.9M from $98M in Q1 2015

  22-04-2016 12:33
  
  Bermuda-based Aspen Insurance Holdings Ltd. reported net income after tax of $114.4 million, or $1.68 per diluted share for the first quarter of 2016, compared with $128.0 million reported for the same quarter in 2015. Operating income after tax for …
  
  Read more

• India’s 1st Insurer IPO Paves Way for More Public Offerings in $60B-Plus Industry

  22-04-2016 10:17
  
  India will get its first life-insurance listing since it opened up to private-sector investors 16 years ago, paving the way for more companies seeking to go public in an industry that’s since grown to more than $50 billion. Housing Development …
  
  Read more

• Hiscox Appoints Hussain as Group Chief Financial Officer

  22-04-2016 08:39
  
  Hiscox Ltd. announced that Hamayou Akbar (‘Aki’) Hussain will join the Hiscox Group as group chief financial officer. Hussain will join Hiscox from Prudential plc, where he spent seven years; latterly as chief financial officer of Prudential UK & Europe. He sits on …
  
  Read more

• SCOR Raises P&C Premiums by 4.7% During April Renewals; Profits on Target 

  22-04-2016 08:20
  
  SCOR Global P&C increased gross written premiums by 4.7 percent at the recent April renewals, based on constant exchange rates, with total premiums rising from €420 million ($474.7 million) to €440 million ($497.3 million). Premiums renewing on or around April …
  
  Read more

• SCOR Increases P&C GWP Levels by 4.7% During April Renewals; Profits on Target 

  22-04-2016 08:20
  
  SCOR Global P&C increased gross written premiums by 4.7 percent at the recent April renewals, based on constant exchange rates, with total premiums rising from €420 million ($474.7 million) to €440 million ($497.3 million). Premiums renewing on or around April …
  
  Read more

• West Virginia Supreme Court Reverses Dismissal of Age Discrimination Case

  22-04-2016 08:00
  
  The West Virginia Supreme Court has reversed a previous ruling it made that dismissed a lawsuit alleging age discrimination. The Charleston Gazette-Mail reports that the court on April 14 reversed its decision to uphold a judge’s ruling which dismissed 65-year-old …
  
  Read more

• Athlete Attorney: NCAA Also to Blame for UNC Academic Fraud Scandal

  22-04-2016 07:50
  
  An attorney representing two ex-North Carolina athletes says the school and NCAA are both responsible for UNC’s long-running academic fraud scandal that he says denied athletes a quality education. Michael Hausfeld said April 19 in a hearing in federal court …
  
  Read more

• Obama Makes Impassioned Appeal for Britain to Stay in European Union

  22-04-2016 07:47
  
  U.S. President Barack Obama made an impassioned appeal on Friday for Britain to remain in the European Union, saying membership had magnified Britain’s place in the world and made the bloc stronger and more outward looking. Fearful that a British …
  
  Read more

• Ecuador to Raise Taxes, Sell Assets to Fund Multi-Billion Dollar Quake Rebuilding

  22-04-2016 07:36
  
  Ecuador will temporarily increase some taxes, sell assets, and may issue new bonds on the international market to fund a multi-billion dollar reconstruction after a devastating 7.8 magnitude quake, a somber President Rafael Correa said on Wednesday. The death toll from Ecuador’s …
  
  Read more

• Florida to Interview 2 More for Insurance Commissioner, McCarty Delays Departure

  22-04-2016 06:42
  
  The Florida Cabinet will interview two new candidates for the soon-to-be-open Florida insurance commissioner post at its April 26 meeting, in addition to the two candidates interviewed last month. In the meantime, current Florida Insurance Commissioner Kevin McCarty notified the …
  
  Read more

Follow @Insurance_Newsl on Twitter!