Insurance news

• Families seek help with insurance for addicted loved ones - Buffalo News

  19-05-2016 23:59 via buffalonews.com
  
  Families seek help with insurance for addicted loved ones
  Buffalo News
  BATAVIA – Their lives already in turmoil as a result of a loved one's opiate addiction, caregivers encounter even more distress when they attempt to navigate what they call a broken health insurance system. But, according to Western New York ...
  
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• Treasurer's office flooded with claims in response to missing insurance benefits - WPRI 12 Eyewitness News

  19-05-2016 23:52 via wpri.com
  
  WPRI 12 Eyewitness News
  Treasurer's office flooded with claims in response to missing insurance benefits
  WPRI 12 Eyewitness News
  General Treasurer Seth Magaziner said the response to our first story was overwhelming – because his office has been flooded with claims and calls. But he said there is still a lot of money that's waiting for its rightful owners. When we first ...
  
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• Life Insurance: Don't Forget To Ask! - Insurance News Net

  19-05-2016 23:51 via insurancenewsnet.com
  Life Insurance: Don't Forget To Ask!
  Insurance News Net
  Having a holistic product and service suite to meet diverse client needs can be an essential key to success for any financial advisor's practice. However, many practices do not proactively integrate life insurance into their offerings, making it an ...
  
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• Arizona Governor Signs Law to Close Agent Malpractice Loophole

  19-05-2016 23:24
  
  Arizona’s governor has signed a bill to fix a loophole that exposes agents who write auto policies to malpractice suits. The bill was written in response to an Arizona Supreme Court ruling in July 2015 favoring an Arizona woman got into …
  
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• Man intentionally caused car crashes to collect insurance, investigators say - WFTV Orlando

  19-05-2016 22:54 via wftv.com
  
  WFTV Orlando
  Man intentionally caused car crashes to collect insurance, investigators say
  WFTV Orlando
  The Florida Division of Insurance Fraud said it arrested a man they said would buy used junk cars to intentionally cause car crashes. Investigators believe this was all part of a scheme to commit insurance fraud. Channel 9's Jeff Deal found out Alma ...
  
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• Doing renovations? Update your home insurance - The Globe and Mail (subscription)

  19-05-2016 22:37 via theglobeandmail.com
  
  The Globe and Mail (subscription)
  Doing renovations? Update your home insurance
  The Globe and Mail (subscription)
  Homeowners need to regularly check and update their home-insurance policies or risk having insufficient coverage when disaster strikes, insurance experts say. The need to review and update a policy is especially important for those who have done ...and more »
  
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• Poll finds strong opposition to Horizon's tiered insurance plan - NorthJersey.com

  19-05-2016 22:18 via northjersey.com
  
  Poll finds strong opposition to Horizon's tiered insurance plan
  NorthJersey.com
  The coalition of hospitals that opposes the Omnia tiered network health plan offered by the state's largest insurer said a poll it commissioned in April found strong opposition to the new type of health coverage. In addition, a majority of those polled ...and more »
  
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• Getting the Best Deal on Life Insurance - GovExec.com

  19-05-2016 21:29 via govexec.com
  Getting the Best Deal on Life Insurance
  GovExec.com
  Last week, we looked at the options available under the Federal Employees Group Life Insurance program. Now let's see how the plan stacks up against other alternatives. Federal employees are required to pay two-thirds of the premium rate for basic ...
  
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• Jury Rules Cinemark Theaters Not Liable in 2012 Colorado Movie Shooting

  19-05-2016 21:14
  
  The owners of a movie theater where 12 people were killed during a screening of the Batman film “The Dark Knight Rises” are not liable for the mass shooting, a jury ruled on Thursday, in the first civil lawsuit stemming …
  
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• Wreckage from Missing EgyptAir Flight MS804 Found in Mediterranean: Airline

  19-05-2016 21:13
  
  Authorities found debris from an EgyptAir Airbus A320 jetliner that vanished on an overnight flight from Paris to Cairo with 66 people on board, the airline said. The Egyptian Foreign Ministry said “wreckage from the missing aircraft” has been found, …
  
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• Update: Massive Search Continues for Wreckage from Missing EgyptAir Flight

  19-05-2016 21:13
  
  The disappearance of an EgyptAir jetliner carrying 66 people over the Mediterranean Sea triggered a massive search for evidence amid concern that a deliberate act may have knocked the plane from the sky. The Egyptian Foreign Ministry said floating materials …
  
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• Renovating? You better update your home insurance - MoneySense

  19-05-2016 20:57 via moneysense.ca
  
  MoneySense
  Renovating? You better update your home insurance
  MoneySense
  OTTAWA – Homeowners need to regularly check and update their home insurance policies or risk having insufficient coverage when disaster strikes, insurance experts say. The need to review and update a policy is especially important for those who have ...and more »
  
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• XL Catlin leads insurance coverage for downed EgyptAir flight - Business Insurance

  19-05-2016 20:44 via businessinsurance.com
  Business Insurance
  XL Catlin leads insurance coverage for downed EgyptAir flight
  Business Insurance
  Photo by REUTERS/Christian Hartmann The EgyptAir plane making the following flight from Paris to Cairo, after flight MS804 disappeared from radar, takes off from Charles de Gaulle airport in Paris, France, May 19, 2016. XL Catlin is the lead ...and more »
  
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• Idaho Insurance Department Pulls Producer License for Policy Fabrication - Insurance Journal

  19-05-2016 20:22 via insurancejournal.com
  
  Idaho Insurance Department Pulls Producer License for Policy Fabrication
  Insurance Journal
  The Idaho Department of Insurance has issued an order to revoke the license of Meaghan A. Ruether, Meridian, and Rangewood Insurance LLC. The department alleged that Ruether misrepresented or fabricated information on 25 insurance policies.
  Meridian insurance agent loses license for misconductIdaho Statesmanall 2 news articles »
  
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• Idaho Insurance Department Pulls Producer License for Policy Fabrication

  19-05-2016 19:56
  
  The Idaho Department of Insurance has issued an order to revoke the license of Meaghan A. Ruether, Meridian, and Rangewood Insurance LLC. The department alleged that Ruether misrepresented or fabricated information on 25 insurance policies. The department was reportedly alerted …
  
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• Pittsburgh-Based Highmark Sues Federal Government Over ACA Payments

  19-05-2016 19:00
  
  Pittsburgh-based health insurer Highmark Inc. is suing the federal government saying it’s owed about $223 million under the Affordable Care Act for losses in 2014. Highmark filed the lawsuit in a Washington federal claims court on Tuesday. The health insurer …
  
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• Are you getting the most out of online meetings?

  19-05-2016 19:00
  
  It takes a particular set of skills to manage virtual gatherings.
  
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• Brightway Insurance Announces 2 Agency Owners in Pennsylvania - Insurance Journal

  19-05-2016 18:59 via insurancejournal.com
  
  Brightway Insurance Announces 2 Agency Owners in Pennsylvania
  Insurance Journal
  Brightway Insurance, a national property/casualty insurance retailer selling through a network of franchised independent agencies throughout the country, has announced two agency owners in Pennsylvania. Kate Gowen has opened a new Brightway agency ...and more »
  
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• Brightway Insurance Announces 2 Agency Owners in Pennsylvania

  19-05-2016 18:56
  
  Brightway Insurance, a national property/casualty insurance retailer selling through a network of franchised independent agencies throughout the country, has announced two agency owners in Pennsylvania. Kate Gowen has opened a new Brightway agency in Lansdale, and Rob Richardson has opened …
  
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• Allstate: Texas Hail Event Accounts for Half of April Cat Losses

  19-05-2016 18:48
  
  The Allstate Corp. announced estimated catastrophe losses for the month of April 2016 of more than $600 million, pre-tax ($411 million after-tax). Half of the losses stem from one severe hail event in Texas last month. Catastrophe losses occurring in April comprised eight …
  
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• Egyptian minister says terrorism possible in EgyptAir crash

  19-05-2016 18:45
  
  Terrorism is a more probable cause of the EgyptAir crash than a mechanical fault, a senior Egyptian official said after the jetliner plunged into the Mediterranean Sea with 66 people on board.
  
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• UT Study Links Recent Texas Quakes to Oil Activity

  19-05-2016 18:40
  
  A new study by researchers at the University of Texas at Austin concludes that human activity has been a factor in earthquakes throughout the state for nearly 100 years. The study conclusions are in a paper to be published in …
  
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• Lockton Acquires Outland Consultants in Connecticut

  19-05-2016 18:38
  
  Insurance broker Lockton announced Thursday that it has acquired Outland Consultants, a global employee benefits consultancy in Glastonbury, Connecticut. Terms of the transaction were not disclosed. Since 1998, Outland Consultants has worked with international companies to help assess and manage …
  
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• Minnesota, Wisconsin Wine Grape Crops Damaged in Cold Snap

  19-05-2016 18:28
  
  Vintners in southern Wisconsin and southeastern Minnesota are reeling from a weekend cold snap that ruined huge swaths of their grapes. Temperatures dipped below freezing in much of those areas late Saturday and early Sunday, wiping out grape shoots that …
  
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• AIG: Don't Be Fooled, Icahn Doubling Down On This Insurance Company Is A Big Deal - Seeking Alpha

  19-05-2016 18:28 via seekingalpha.com
  
  AIG: Don't Be Fooled, Icahn Doubling Down On This Insurance Company Is A Big Deal
  Seeking Alpha
  Billionaire investor and AIG shareholder Carl Icahn recently increased his stake in the insurance company, adding to his clout and growing his influence on AIG's Board of Directors. American International Group is going to return $25 billion in cash to ...and more »
  
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• Morrison Tapped to Head Ohio’s Workers’ Comp Fund

  19-05-2016 18:26
  
  Gov. John Kasich has appointed the chief legal officer to Ohio’s insurance fund for injured workers as the agency’s new leader. Sarah Morrison takes over as administrator and CEO of the Ohio Bureau of Workers’ Compensation from Steve Buehrer. She …
  
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• Austin Riders Look to Craigslist after Exit of Uber and Lyft

  19-05-2016 18:24
  
  After a car wreck last year put Akhila Sivakumar in the hospital for more than a month and left her with burns and bruises across her body, she was hesitant to drive again. So when the 22-year-old began to look …
  
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• Federal Funding for Ohio Flood Control Plan in Jeopardy

  19-05-2016 18:22
  
  Officials in northwest Ohio may be forced to abandon a flood control project or pay for it with local money as federal funding for the plan is in jeopardy. A review by the U.S. Army Corps of Engineers in recent …
  
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• Brightway Insurance Adds Linke as Agency Owner in Dallas

  19-05-2016 18:21
  
  Brightway Insurance, a national property/casualty insurance retailer selling through a network of franchised independent agencies throughout the country, has announced that Peter Linke as a new agency owner in Dallas. The Brightway model offers independent agents access to insurance companies. …
  
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• Brightway Insurance Adds Agency Owner in Dallas

  19-05-2016 18:21
  
  Brightway Insurance, a national property/casualty insurance retailer selling through a network of franchised independent agencies throughout the country, has announced that Peter Linke as a new agency owner in Dallas. The Brightway model offers independent agents access to insurance companies. …
  
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• Liberty Mutual Insurance Global Consumer Markets Launches New Venture Capital Group, Announces First Investment - PR Newswire (press release)

  19-05-2016 17:36 via prnewswire.com
  
  Liberty Mutual Insurance Global Consumer Markets Launches New Venture Capital Group, Announces First Investment
  PR Newswire (press release)
  BOSTON, May 19, 2016 /PRNewswire/ -- Continuing its commitment to innovation, Liberty Mutual Global Consumer Markets, the insurer's personal insurance business unit, is excited to announce the formation of a new venture capital initiative, Liberty ...
  Insurtech, Liberty Mutual Insurance Launches $150M Venture Capital FundFinSMEs (blog)all 4 news articles&nb
  
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• California Workers’ Comp Reforms May Have Decreased Medical Payments

  19-05-2016 17:00
  
  Elements of California’s workers’ compensation reform law passed in 2012 may have contributed to the state’s 2013 and 2014 decreases in medical payments per workers’ comp claim, according to a study from the Workers Compensation Research Institute. The study, CompScope …
  
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• Lawsuit over Colorado Movie Theater Massacre Heads to Jury

  19-05-2016 16:45
  
  The management of a Colorado movie theater where 12 patrons were slain in a 2012 shooting rampage could never have foreseen, nor safeguarded against, such a seemingly random but meticulously planned and violent attack, its lawyers said on Wednesday. Towards …
  
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• UK Banks Ordered to Update Cyber Security After $81M Bangladesh Bank Heist

  19-05-2016 15:55
  
  The Bank of England ordered UK banks to detail steps taken to secure computers connected to the SWIFT bank messaging network about two months after a still-unidentified group used the system to steal $81 million from Bangladesh Bank, according to …
  
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• Fitch Expecting P/C Commercial Insurance Business to Deteriorate - Insurance Journal

  19-05-2016 15:43 via insurancejournal.com
  
  Fitch Expecting P/C Commercial Insurance Business to Deteriorate
  Insurance Journal
  Underwriting performance for the commercial lines sector of the U.S. property/casualty (P/C) insurance industry is likely to deteriorate in 2016, according to a new report from Fitch Ratings. The expected decline would come on the heels of three ...
  
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• Fitch Expecting P/C Commercial Insurance Business to Deteriorate

  19-05-2016 15:42
  
  Underwriting performance for the commercial lines sector of the U.S. property/casualty (P/C) insurance industry is likely to deteriorate in 2016, according to a new report from Fitch Ratings. The expected decline would come on the heels of three straight years …
  
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• Oaktree Capital & Egan Cut Ties After Failure to Raise Funds to Form a Reinsurer

  19-05-2016 15:22
  
  Bill Egan, the former Bank of America Corp. banker who was working with Oaktree Capital Group LLC to start a reinsurance venture, has cut ties with the asset manager, according to people familiar with the matter. His exit follows a …
  
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• Oaktree Capital & Egan Cut Ties After Failed Bid to Raise Funds for New Venture

  19-05-2016 15:22
  
  Bill Egan, the former Bank of America Corp. banker who was working with Oaktree Capital Group LLC to start a reinsurance venture, has cut ties with the asset manager, according to people familiar with the matter. His exit follows a …
  
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• Judge Allows Concussion Class Action Suit Against National Hockey League

  19-05-2016 14:10
  
  A U.S. District judge in Minnesota this week refused to dismiss a lawsuit filed by ex-players accusing the National Hockey League of failing to protect them from head injuries and withholding information about the long-term effect of concussions. The class-action …
  
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• What's a 19th century Masonic sword worth?

  19-05-2016 14:00
  
  This was a clear-cut case of perceived value being much higher than real value.
  
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• Stephanie Inglis is left in Vietnam hospital after Debenhams insurance refused to help - Daily Mail

  19-05-2016 13:59 via dailymail.co.uk
  
  Daily Mail
  Stephanie Inglis is left in Vietnam hospital after Debenhams insurance refused to help
  Daily Mail
  The mother of a teenage British judo star fighting for her life in hospital after a horror motorbike smash in Vietnam claims insurers Debenhams 'values £12,000 more than my daughter's life'. Stephanie Inglis, 27, is in intensive care on life support ...and more »
  
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• Businesses and their insurers face threat from ransomware

  19-05-2016 13:45
  
  Recent cyber extortion attempts use software that encrypts an organization’s computer system, making them inaccessible, which causes all kinds of problems.
  
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• Motor insurance tops list of complaints to ombud - Times LIVE

  19-05-2016 13:36 via timeslive.co.za
  Times LIVE
  Motor insurance tops list of complaints to ombud
  Times LIVE
  A total of 9‚784 complaints against short-term insurers were received‚ slightly down from the 10‚253 in 2014. Of these complaints‚ 48% related to motor insurance. File photo. Image by: KIM KYUNG-HOON / REUTERS ...
  Misunderstandings often occur when insurance is taken per phoneBDlive
  Short-term insurance ombud faces first appeal hearingMoneyweb.co.za
  Top 5 most complained about insurance products
  
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• How to protect small businesses from retaliation claims

  19-05-2016 13:15
  
  HSB has created an infographic with tips for small business owners to take to prevent a retaliation employment claim.
  
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• 13 essential books for P&C insurance agents

  19-05-2016 13:00
  
  Looking for books that will take your insurance career and expertise to the next level? Start with these.
  
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• Agents Seek Better Compensation Deal with Carriers

  19-05-2016 12:35
  
  On a first quarter results call W.R. Berkley Corp. President and CEO Robert Berkley cited a growing and alarming level of tension between carriers and distributors, driven by what he called a fight to grow margins in the face of …
  
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• Urgent Action Needed to Tackle Systemic Threat of Cyber Risk: Marsh & TheCityUK

  19-05-2016 11:28
  
  Firms across the financial and related professional services industry need to take urgent action on their cyber risks, which present a “real and present danger” to the financial system, according to a new report published by TheCityUK and Marsh. Only …
  
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• McGovern Leaving Lloyd’s as CRO to Join XL Group as Chief Compliance Officer

  19-05-2016 09:27
  
  XL Group plc announced it has appointed Sean McGovern as chief compliance officer, head of Regulatory & Government Affairs, moving from Lloyd’s of London where he is chief risk officer and general counsel. In this newly created role, McGovern, as …
  
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• Climate Change Will Raise the Cost of Canada’s Natural Disasters: Insurers

  19-05-2016 08:39
  
  Canada will have to set aside more money to deal with natural disasters like wildfires, storms and floods as climate change starts to bite, the head of the country’s property insurance industry group said on Wednesday. A wildfire sweeping through the heavily …
  
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• NAS Insurance Enhances Cyber Liability Coverage, Lowers Rates - Insurance Journal

  19-05-2016 08:18 via insurancejournal.com
  
  NAS Insurance Enhances Cyber Liability Coverage, Lowers Rates
  Insurance Journal
  NAS Insurance Services has enhanced its NetGuard Plus cyber liability product. The new coverage features offer greater protection for emerging privacy and security threats for businesses of all sizes across a range of industries. The enhancements include:.and more »
  
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