Insurance news

• Better Knox County fire rating will lower insurance rates - Knoxville News Sentinel

  13-05-2016 23:50 via knoxnews.com
  
  Knoxville News Sentinel
  Better Knox County fire rating will lower insurance rates
  Knoxville News Sentinel
  A Rural/Metro fire truck in Knoxville Wednesday, Aug. 20, 2014. The private department has improved its ISO fire-protection rating, which will save homeowners money on fire insurance premiums. (MICHAEL PATRICK/NEWS SENTINEL). Yesterday 5:48 p.m..
  
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• GM halts sale of some SUVs after overstating fuel economy rating

  13-05-2016 23:38
  
  General Motors Co. told its dealers to halt the sale of Chevrolet Traverse, GMC Acadia and Buick Enclave large sport utility vehicles because the window stickers on the SUVs overstate their fuel efficiency.
  
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• Overhaul National Insurance system to keep track of migrant levels, say MPs - Telegraph.co.uk

  13-05-2016 23:02 via telegraph.co.uk
  
  Telegraph.co.uk
  Overhaul National Insurance system to keep track of migrant levels, say MPs
  Telegraph.co.uk
  “Short term” migrants who intend to stay in Britain a year or less should only be given temporary National Insurance numbers in a bid to keep track of spiralling immigration, MPs have suggested. Politicians from the Labour and Conservative parties ...and more »
  
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• Insurance claims mount from storm, as do complaints about contractors - Lincoln Journal Star

  13-05-2016 22:55 via journalstar.com
  
  Lincoln Journal Star
  Insurance claims mount from storm, as do complaints about contractors
  Lincoln Journal Star
  Hailstones as big as softballs shattered windows on hundreds of cars in southeast Lincoln Monday night. Insurers have seen several thousand hail damage claims so far for both homes and cars. Storm damage. Buy Now. GWYNETH ROBERTS/Journal Star.
  Insurance claims rolling in by the thousands following storms1011nowall 2 news articles »
  
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• Gallagher Acquires Canadian Personal & Commericial Lines Broker, B.R. Rhymer

  13-05-2016 22:48
  
  Arthur J. Gallagher has acquired B.R. Rhymer Insurance Agencies Ltd., a Canadian personal and commercial lines broker located in Winnipeg, Manitoba. The agreement will see the business, which has been operating under a franchise agreement since 1995, become wholly owned …
  
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• Jerzeez Diner co-owner charged with arson, insurance fraud over diner blaze - NJ.com

  13-05-2016 22:03 via nj.com
  
  NJ.com
  Jerzeez Diner co-owner charged with arson, insurance fraud over diner blaze
  NJ.com
  VERNON — The co-owner of Jerzeez Diner who's already charged with witness tampering was accused of setting the blaze that destroyed her restaurant and then trying to collect insurance on it, authorities said. Tina Diakos, 48, of Vernon, faces three ...and more »
  
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• Global, Diversified Multiline Insurers Best Positioned to Withstand Challenges: S&P

  13-05-2016 20:13
  
  Global, diversified insurers are best positioned to withstand the industry’s top economic and competitive challenges, according to a report published by Standard & Poor’s Global Ratings. Geographic and product diversification help global multiline insurers (GMIs) cope with challenges such as …
  
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• Global, Diversified Multiline Insurers Best Placed to Withstand Challenges: S&P

  13-05-2016 20:13
  
  Global, diversified insurers are best positioned to withstand the industry’s top economic and competitive challenges, according to a report published by Standard & Poor’s Global Ratings. Geographic and product diversification help global multiline insurers (GMIs) cope with challenges such as …
  
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• How an Insurance Dispute Affects the NFL Concussions Settlement - New York Times

  13-05-2016 19:54 via nytimes.com
  How an Insurance Dispute Affects the NFL Concussions Settlement
  New York Times
  A legal battle over insurance claims may be the last thing to attract the attention of football fans still chewing over draft picks and just what Tom Brady did or didn't do. But with an estimated $1 billion at stake, it is front and center for the N.F ...and more »
  
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• People on the move in the P&C insurance industry: May 13, 2016

  13-05-2016 19:45
  
  News from QBE, Aspen, Lockton, Swiss Re and more.
  
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• After fury of last year's hurricane season, Pacific seen tamer

  13-05-2016 19:40
  
  With El Niño fading, this year’s Pacific storm season, which starts Sunday, probably won’t be as explosive.
  
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• Progressive promotes Tricia Griffith to replace Glenn Renwick as CEO

  13-05-2016 19:00
  
  Progressive Corp., the fourth-largest U.S. auto insurer, said Glenn Renwick is stepping down as CEO after more than 15 years in that role.
  
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• Lowe’s Pays $$8.6M for Firing Disabled Workers Who Sought Extended Medical Leave

  13-05-2016 19:00
  
  Lowe’s Cos. has reached an $8.6 million settlement of a U.S. agency lawsuit accusing the nation’s second-largest home improvement retailer of illegally firing workers who went on medical leave for a long time. The accord resolves Equal Employment Opportunity Commission …
  
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• Direct Auto Insurance Review 2016 - NerdWallet (blog)

  13-05-2016 18:58 via nerdwallet.com
  
  Direct Auto Insurance Review 2016
  NerdWallet (blog)
  If you've gone this long without hearing of Direct Auto & Life Insurance, that's probably a good thing. Part of the Direct General Insurance Group (not to be confused with The General), the company caters primarily to high-risk drivers who can't get ...and more »
  
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• Health Insurers File Proposed Rates for 2017 DC Health Link

  13-05-2016 18:40
  
  The District of Columbia Department of Insurance, Securities and Banking (DISB) said it has received 170 proposed health insurance plan rates for review from four major insurers in advance of the fourth year of open enrollment on DC Health Link, …
  
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• XL Catlin Strengthens Global Energy Team with 4 Senior Appointments

  13-05-2016 18:38
  
  XL Catlin’s insurance operations announced it has strengthened its energy team globally with four senior hires: Wayne Jacobson, Joseph Tina, Helen Watkinson and Denise Dass-Hewitt. In the Americas, XL Catlin has appointed Wayne Jacobson as director of Energy Liability – …
  
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• Ontario Insurance Brews Up Craft Beverage Producer Coverage in New York

  13-05-2016 18:38
  
  Cooperative insurer Ontario Insurance Company has launched a new insurance program for craft brewers and distillers in New York State. Dubbed the “Craft Brewer’s Kit,” the new insurance offering works with craft beverage producers in addressing the needs and changing …
  
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• Federal Officials Say Damaged Guardrail Caused Texas Prison Bus Wreck

  13-05-2016 18:38
  
  Federal investigators have confirmed that a West Texas prison bus accident that killed two prison guards and eight inmates was caused by the bus striking a piece of displaced highway guardrail. The National Transportation Safety Board in a report released …
  
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• Ross Campesi Sr., Founder of Louisiana Workers’ Comp Insurer Passes

  13-05-2016 18:37
  
  Ross Campesi Sr., founder of LCTA Workers’ Comp, died May 7 in his home. Campesi was 90 years old. “Ross’s passing is obviously a huge personal loss … he was the love of my life,” Melissa Campesi, CEO of LCTA, and …
  
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• House Approves Louisiana Medical Marijuana Program Expansion

  13-05-2016 18:34
  
  Medical marijuana advocates have won a significant victory in their efforts to jumpstart Louisiana’s medical marijuana program. The House voted 62-31 to expand the program to cover more diseases and to make regulatory changes aimed at getting medicinal-grade pot into …
  
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• Texas Town Faces Questions After Arson Blamed for Fertilizer Plant Blast

  13-05-2016 18:31
  
  One question has lingered in the Central Texas farming town of West since a fertilizer plant caught fire in 2013 and exploded, killing 15 people and damaging at least $100 million in property: What caused the blaze? On May 11, …
  
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• Ohio Court: Insurer not Liable for $1M in Megachurch Abuse Lawsuit

  13-05-2016 18:25
  
  The Ohio Supreme Court says an insurer isn’t liable for part of a central Ohio megachurch’s $3.1 million settlement over the alleged beating of a 2-year-old boy at the church’s daycare. The justices concluded that an appeals court wrongly found …
  
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• Newburgh Insurance Exec Smith Elected IIABNY Chair of Board

  13-05-2016 18:23
  
  The Independent Insurance Agents & Brokers of New York (IIABNY) has elected John H. (Jack) Smith, Jr. as its chair of the board for the 2016-17 term. Smith was sworn in during a ceremony following IIABNY’s annual business meeting, held …
  
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• In Iowa, Technology Changes Rapidly Altering Trucking Industry

  13-05-2016 18:23
  
  In the trucking industry, technology is driving change. Todd Smith, chief operating officer at Decker Truck Line Inc. in Fort Dodge, Iowa, told The Messenger that by the end of 2017 it will be mandated that all trucks have electronic …
  
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• Marsh’s Torrent Technologies Launches Private Flood Coverage

  13-05-2016 18:22
  
  Torrent Technologies, Inc., in coordination with Torrent’s Write-Your-Own (WYO) carriers participating in the National Flood Insurance Program (NFIP), has launched a new, automated private market primary flood insurance product. Torrent Technologies is a Marsh company. Underwritten by the Lloyd’s of …
  
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• Wisconsin Supreme Court Tosses Crash Claim Against State Employee

  13-05-2016 18:21
  
  A woman can’t sue a state worker for allegedly injuring her in a car accident because she had her claim hand-delivered to the attorney general’s office instead of sending it by certified mail, the Wisconsin Supreme Court has ruled. Chief …
  
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• Blankenship Headed to Jail After Judge Denies Appeal Request

  13-05-2016 18:12
  
  Former Massey Energy CEO Donald Blankenship is headed to prison even as he appeals his conviction for conspiring to flout mine-safety laws in connection with the worst U.S. coal industry disaster in almost 40 years. The federal appeals court in …
  
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• Burns & Wilcox Brokerage Expands Chicago Team

  13-05-2016 17:44
  
  Burns & Wilcox Brokerage has appointed industry veteran Adrian Smith and a team of three specialty insurance brokers to enhance its brokerage capabilities in Chicago. Smith joins the Chicago office as senior vice president. He will report directly to Denis Brady, president of …
  
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• Insurers Limit Exposure as Quakes Increase in Oklahoma

  13-05-2016 17:42
  
  As the number of earthquakes in Oklahoma exploded into the hundreds in the last few years, nearly a dozen insurance companies moved to limit their exposure, often at the expense of homeowners, a Reuters examination has found. Nearly 3,000 pages …
  
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• Chubb Offers 3 Transactional Risk Products in UK; Britain Named Team Leader

  13-05-2016 17:30
  
  Chubb announced the launch of a suite of three transactional risk liability insurance products for clients in the UK, across Europe and other international markets outside North America. In addition, Richard Britain has been appointed head of Transactional Risk Insurance Solutions …
  
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• Arizona Governor Signs Legislation to Enforce Statewide Rules on Drones

  13-05-2016 17:29
  
  Cities and towns will be barred from making their own rules regulating drone use under legislation signed this week by Arizona Gov. Doug Ducey that was designed to prevent a patchwork of regulations that would make it harder for businesses. Sen. …
  
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• Gun Maker, Ex-California Policeman Settle Suit Over Shooting by Child

  13-05-2016 17:25
  
  The Glock gun company has settled a lawsuit filed by a former Los Angeles police officer who was shot and paralyzed by his 3-year-old son. City News Service says attorneys for Glock and former Officer Enrique Chavez told a judge …
  
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• Uber tells Judge Not to Trust Cab Companies in Battle Over Safety

  13-05-2016 17:15
  
  Uber Technologies Inc. fired back at taxi operators accusing it of lying about superior safety, telling a judge the cab companies “fabricated” a customer endorsement with a photo of MySpace’s co-founder and can’t be trusted. Uber said several Los Angeles-area …
  
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• EPIC Adds Senior Communications Consultant Liz Miller in San Francisco

  13-05-2016 17:08
  
  EPIC Insurance Brokers & Consultants has named Liz Miller a senior communications consultant in it’s employee benefits division. Miller will be based in EPIC’s San Francisco headquarters and report to John Gaffney, director of national benefits operations. Miller joins EPIC …
  
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• Hiring Alert: 88% of Employers Find Misrepresentations in Resumes

  13-05-2016 15:49
  
  Employee resumes are very likely to contain misrepresentations and candidates’ job histories and education backgrounds aren’t what they seem, according to a survey of recruitment and human resource professionals. According to a survey by global background check firm HireRight, 88 …
  
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• Supreme Court Enters Final Stretch with Key Decisions in Limbo

  13-05-2016 14:58
  
  The U.S. Supreme Court has managed to steer away from controversy in the three months since Justice Antonin Scalia’s death. That’s about to get harder. The court is opening the last phase of its nine-month term, a six-week stretch that …
  
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• Why FEMA Disaster Aid Deductible Makes Sense, Except to Local Officials and Builders

  13-05-2016 14:45
  
  The proposal boiled down to just three paragraphs in the Federal Register: Would it be a good idea, the Federal Emergency Management Agency wondered, if Washington gave states a financial incentive to pass building codes, better protecting their residents against …
  
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• Chedid Capital Acquires 75% Share of UAE Broker Al Manara Insurance Services

  13-05-2016 14:16
  
  Chedid Capital Holding, in collaboration with a group of investors in Dubai, have acquired 75 percent of Al Manara Insurance Services Co. Ltd., an insurance brokerage firm with more than 25 years of experience in the United Arab Emirates. This …
  
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• Progressive CEO Renwick to Retire; Griffith Chosen as Successor

  13-05-2016 13:59
  
  The Progressive Corp. announced that Glenn Renwick, president and chief executive officer,  will retire after more than 15 years as CEO and almost 30 years with the company, effective July 1, 2016.  Tricia Griffith, currently Personal Lines chief operating officer, …
  
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• Keep employee data safe

  13-05-2016 13:30
  
  How a breach happens and how the company responds both play a major role in determining the potential legal ramifications.
  
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• Going bicycling? Here’s what you need to know about your coverage

  13-05-2016 13:30
  
  If something happens to your bike, it could be insured under either your Auto or Homeowners’/Renters’ policies.
  
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• Internet of Things will change risk for retail insurance brokers

  13-05-2016 13:15
  The future of retail broking requires companies to understand and harness the power of data in real time.
  
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• 10 states with the biggest increase in auto accident costs

  13-05-2016 13:00
  
  Not only are more Auto insurance claims being filed to insurers, but claim costs are becoming more expensive.
  
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• Nominations Announced for 1st Efma-Accenture Innovation in Insurance Awards

  13-05-2016 12:38
  
  Nominations have been announced for the first Efma-Accenture Innovation in Insurance awards, launched this year to identify and award the most innovative insurance initiatives and projects around the world. Efma received submissions of 224 innovations from 148 institutions in 37 …
  
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• SWIFT Warns of 2nd Malware Attack, Revealing Hacker Campaign Targeting Banks

  13-05-2016 11:00
  
  SWIFT, the global financial messaging network that banks use to move billions of dollars every day, warned on Thursday of a second malware attack similar to the one that led to February’s $81 million cyber heist at the Bangladesh central bank. The …
  
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• Palomar Specialty Expands Residential Earthquake Product to Oregon, Washington

  13-05-2016 07:56
  
  Palomar Specialty Insurance Co., in partnership with Arrowhead General Insurance Agency, Inc. and TriCoast Insurance Services, LLC, has expanded its Value Select Residential Earthquake Insurance Program into Oregon and Washington. The program was introduced in California in early 2015. Value …
  
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• Police Make 2 Arrests in Most Recent Kentucky Home Burglary, Fire

  13-05-2016 07:45
  
  Kentucky State Police say two people have been charged in connection to a home burglary and arson that occurred in Madison County. Police say 38-year-old John C. Roth of Nicholasville was arrested Tuesday and charged with receiving stolen property under …
  
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• Compare.com to Expand Headquarters in Virginia

  13-05-2016 07:40
  
  Compare.com, an auto insurance comparison website, said it will expand its Glen Allen, Virginia, headquarters and move into a larger office to accommodate its continued growth. The new headquarters office on 140 East Shore Drive will feature 26,000 square feet …
  
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• Tornado Cleanup Underway in Kentucky

  13-05-2016 07:38
  
  Business and home owners have begun cleaning up after severe storms spawned a tornado in western Kentucky and left at least 10 people with minor injuries. Graves County Sheriff Dewayne Redmon said a campus with a local elementary, middle and …
  
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• Massachusetts Firm to Pay EPA $199K Over Hazardous Waste Claims

  13-05-2016 07:38
  
  A Massachusetts company that manufactures materials used in laboratory analysis has agreed to pay $199,500 to settle claims by the U.S. Environmental Protection Agency (EPA) that it violated state and federal hazardous waste laws. Waters Technologies Corp., based in Taunton, …
  
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