Insurance news

• Water claims forum aims to quell rising insurance rates - Sun Sentinel

  24-05-2016 23:13 via sun-sentinel.com
  
  Sun Sentinel
  Water claims forum aims to quell rising insurance rates
  Sun Sentinel
  Sha'Ron James, Florida's insurance consumer advocate, fields questions at a town hall event in Fort Lauderdale in October. Sha'Ron James, Florida's insurance consumer advocate, fields questions at a town hall event in Fort Lauderdale in October.
  
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• Insurance companies taking too big a risk on fossil fuels, report says - The Guardian

  24-05-2016 22:29 via theguardian.com
  
  The Guardian
  Insurance companies taking too big a risk on fossil fuels, report says
  The Guardian
  College students and supporters hold up signs at a rally to support fossil fuel divestment outside of City Hall in San Francisco. Photograph: Jeff Chiu/AP. Supported by. General Motors. Leah Messinger. Tuesday 24 May 2016 16.29 EDT Last modified on ...and more »
  
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• New-home sales in U.S. surge to highest level in 8 years

  24-05-2016 22:28
  
  Purchases of new homes in the U.S. surged in April to the highest level since the start of 2008, pointing to a robust spring selling season.
  
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• Vanbridge Holdings Appoints 4 New Board Members in New York

  24-05-2016 22:26
  
  Vanbridge Holdings LLC, an insurance intermediary, capital advisory and insurance and reinsurance management firm based in New York City, has appointed four new members to its Board of Directors. Joining the board are Craig Farr, David P. Delaney, Jr., Jose …
  
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• IIABNY Lauds New York Senate Committee’s Approval of Workers’ Comp Bill

  24-05-2016 22:21
  
  The Independent Insurance Agents & Brokers of New York (IIABNY) applauded a New York Senate committee’s action to protect employers from surprise insurance premium increases in their workers’ compensation policies. The Senate Labor Committee approved IIABNY’s bill during its meeting …
  
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• Toyota to invest in Uber and team up on auto leasing program

  24-05-2016 22:10
  
  Toyota said it is making a strategic investment in Uber and will offer auto leases to the ride-hailing company's drivers.
  
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• Stretch Your Dollar on travel insurance - WTNH Connecticut News (press release)

  24-05-2016 22:02 via wtnh.com
  
  WTNH Connecticut News (press release)
  Stretch Your Dollar on travel insurance
  WTNH Connecticut News (press release)
  MILFORD, Conn. (WTNH) — As we countdown to the Memorial Day weekend, we are looking for ways to save you money. We looked asked the experts questions about travel insurance to find out who needs it and what you may not need to spend the extra ...
  
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• 3 Baldwin & Lyons Senior Execs Resign; CEO Cites Differences with Chairman; New CEO Named

  24-05-2016 21:35
  
  Three senior executives of specialty transportation insurer Baldwin & Lyons have abruptly retired and the insurer said it has retained independent legal counsel to review issues raised by their departures. For now, the Indiana-based company is disclosing few details about …
  
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• The kitchen of the future knows what's in your fridge

  24-05-2016 21:15
  
  The Internet of Things is coming to the kitchen.
  
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• Allstate Plays Both Sides Of The Insurance Coin With Mayhem And Adam DeVine - Forbes

  24-05-2016 20:54 via forbes.com
  
  Forbes
  Allstate Plays Both Sides Of The Insurance Coin With Mayhem And Adam DeVine
  Forbes
  In what appears to be a parallel campaign to Allstate's long-running “Mayhem” campaign, comedian and Modern Family cast member, Adam DeVine, is contributing his millennial magic to a couple new spots. He's not the only one. Leslie Jones from Saturday ...
  
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• CDB approves US$3.5-m grant to pay Haiti's catastrophe risk insurance - Jamaica Observer

  24-05-2016 20:34 via jamaicaobserver.com
  
  Jamaica Observer
  CDB approves US$3.5-m grant to pay Haiti's catastrophe risk insurance
  Jamaica Observer
  People walk among damaged buildings in Port-au-Prince, Haiti, after a 7.0-magnitude earthquake hit the country leaving thousands dead and many displaced. (Photo: AP). KINGSTON, Jamaica – The Caribbean Development Bank's (CDB) board of directors ...and more »
  
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• As Zenefits Stumbles, Gusto Goes Head-On by Selling Insurance - Bloomberg

  24-05-2016 20:00 via bloomberg.com
  
  Bloomberg
  As Zenefits Stumbles, Gusto Goes Head-On by Selling Insurance
  Bloomberg
  After HR startup Zenefits lost its founding chief executive officer this year in an embarrassing regulatory compliance scandal and cut 250 jobs, another San Francisco startup saw an opportunity to capitalize on its larger rival's implosion. Gusto ...and more »
  
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• European Equity Benchmarks Higher as Financial, Insurance Stocks Boost Markets - Nasdaq

  24-05-2016 19:17 via nasdaq.com
  
  Nasdaq
  European Equity Benchmarks Higher as Financial, Insurance Stocks Boost Markets
  Nasdaq
  The broad-based major European markets closed solidly in the black Tuesday, as financial stocks and insurance companies helped bolster the bourses. In economic news, the U.K's Office for National Statistics said borrowing, excluding support for ...and more »
  
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• NFL versus Its Own Insurance Companies is the Fight the NFL Never Wants to Go Public - The Big Lead

  24-05-2016 19:00 via thebiglead.com
  
  The Big Lead
  NFL versus Its Own Insurance Companies is the Fight the NFL Never Wants to Go Public
  The Big Lead
  A day after ESPN's Outside The Lines reported that a Congressional report says the NFL improperly tried to influence head trauma research, the NFL is in the news again. This one may have greater long-term implications, even if something with insurance ...
  
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• Risk Strategies Acquires John Buttine Inc. in New York City

  24-05-2016 18:58
  
  Risk Strategies Company announced Tuesday that it has acquired John Buttine Inc., an insurance brokerage in New York City with a specialty focus on media-related businesses and services. Terms of the transaction were not disclosed. Established in 1946, John Buttine …
  
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• 240K Marylanders Missing Out on Health Insurance Help

  24-05-2016 18:58
  
  It’s an unusual problem: The more people in rural areas Mark Romaninsky and his team help sign up for health insurance, the more difficult it becomes to find people who still need to enroll. “It gets harder and harder every …
  
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• Appeals Court Throws Out $1.27B Fraud Penalty Against Bank of America Mortgage Unit

  24-05-2016 18:52
  
  A U.S. appeals court on Monday threw out a jury’s finding that Bank of America Corp. was liable for mortgage fraud leading up to the 2008 financial crisis, voiding a $1.27 billion penalty and dealing the U.S. Department of Justice …
  
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• Should I Get Whole Life Insurance or Term Life? Financial Experts Weigh In - NerdWallet (blog)

  24-05-2016 18:46 via nerdwallet.com
  
  Should I Get Whole Life Insurance or Term Life? Financial Experts Weigh In
  NerdWallet (blog)
  Life insurance policies can be confusing, with complicated rules and arcane language that often make it hard for consumers to understand the costs and benefits. With a little research and expert guidance, though, you can make the right decision that ...and more »
  
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• 3 Tornadoes Reported in South Dakota

  24-05-2016 18:41
  
  Severe storms that crossed South Dakota led to reports of at least three tornadoes, including one that caused damage. The National Weather Service says a tornado in Tripp County on Sunday evening prompted reports of downed electrical lines and roof …
  
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• More young adults now live with parents than partners

  24-05-2016 18:40
  In 2014, Americans 18 to 34 years old were more likely to be living in their parents’ home than with a spouse or partner in their own household.
  
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• AIA Urges Mitigation, not Regulation to Ease Oklahoma’s Quake Coverage Woes

  24-05-2016 18:38
  
  In testimony submitted to Oklahoma’s insurance commissioner, the American Insurance Association (AIA) has suggested that the state look at mitigation, rather than further regulation of the earthquake insurance market in order to alleviate concerns over lack of competition. Concerned about …
  
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• Program Administrator SIS Appointed Lloyd’s Coverholder

  24-05-2016 18:31
  
  Safebuilt Insurance Services, Inc., dba SIS Wholesale Insurance Services, a national commercial lines program administrator, has been appointed as a Lloyd’s coverholder. The coverholder undertaking allows SIS to access Lloyd’s syndicates directly, and expands the company’s overall capability to deliver …
  
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• Fire Deaths Rising in Minnesota

  24-05-2016 18:18
  
  State public safety officials say 57 people died in fires last year in Minnesota — the highest number of fatalities in 13 years. The Department of Public Safety’s State Fire Marshal Division released the numbers on May 23 along with the …
  
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• Ohio AG Suing Roofer for Taking Insurance Checks, not Finishing Work

  24-05-2016 18:17
  
  The state attorney general is suing a Cincinnati roofing company over more than a dozen complaints that the company took insurance checks but the work was either never finished or was done improperly. Attorney General Mike DeWine says American Property …
  
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• Advocacy Groups Want Stronger Texting-Driving Ban in Oklahoma

  24-05-2016 18:16
  
  Just six months after Oklahoma’s ban on texting and driving went into effect, advocacy groups are calling for even broader measures to curb distracted driving. Oklahoma was among the last states to pass a texting and driving moratorium when the …
  
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• Feds: Six Connecticut Men Staged Car Crashes For Insurance Fraud - Hartford Courant

  24-05-2016 18:02 via courant.com
  
  Feds: Six Connecticut Men Staged Car Crashes For Insurance Fraud
  Hartford Courant
  HARTFORD — Federal prosecutors say six Connecticut residents have been charged with staging car crashes so they could make fraudulent insurance claims. Five Norwich men and one New London man were indicted by a federal grand jury on fraud and ...and more »
  
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• Everest Re Names Berry as Head of International Property Facultative Unit

  24-05-2016 17:56
  
  Everest Re Group Ltd. has appointed Sean Berry as vice president and head of the Reinsurance Division’s International Property Facultative unit. Based in Everest Re’s Miami office, Berry will be responsible for worldwide property facultative underwriting, excluding business written out of …
  
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• Disaster Fraud Rampant After Floods, Hurricanes

  24-05-2016 17:38
  
  This year, extensive flooding has already affected parts of Texas and Louisiana. With more rain producing floods in the forecast for the southern part of the U.S. this spring, the likelihood of disaster fraud increases. Disaster-related fraud affects auto, homeowners …
  
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• Labor Unions Searching for Strategies to Join the Gig Economy

  24-05-2016 17:36
  
  The International Association of Machinists and Aerospace Workers trumpeted an agreement reached earlier this month to represent New York Uber drivers, saying it “gives organized labor an opportunity to shape the new economy in a way that supports and values …
  
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• Just Like Patients, Therapists Also Battle Insurance Red Tape - KQED

  24-05-2016 17:32 via ww2.kqed.org
  
  KQED
  Just Like Patients, Therapists Also Battle Insurance Red Tape
  KQED
  When San Francisco resident Natalie Dunnege needed a therapist, she couldn't find one who took her insurance. “When I would call them they wouldn't return my phone calls or they wouldn't be accepting patients,” she says. Insurance companies say there's ...and more »
  
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• When it comes to sales, are you a hunter, a gatherer or a sniper?

  24-05-2016 17:30
  
  Here is how agency veterans can transition into a “targeting” role more suited to big-picture experience.
  
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• Beazley Expands Environmental Team in U.S. with XL Catlin, AIG, Ironshore Hires

  24-05-2016 16:56
  
  Specialist insurer Beazley has made several senior hires to expand its environmental liability insurance team in the U.S. The Beazley environmental team now has 20 associates across the U.S., with local underwriting and claims contacts in every region. Chris Biddle, …
  
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• China’s Ping An Joins Global Blockchain Consortium, Led by Fintech Firm R3

  24-05-2016 16:51
  
  China’s second-biggest insurance company, Ping An Group, has become the first Chinese member of a global consortium led by fintech firm R3 which is working on ways blockchain technology can be used in financial markets, the companies said on Tuesday. Ping An …
  
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• Vermont Firefighters to Receive New Solar Panel Training

  24-05-2016 16:28
  
  At the Vermont Fire Academy in Pittsford, Vermont, fire safety instructors are getting some training to deal with a new challenge — battling blazes on rooftops adorned with solar panels. A workshop at the academy last week focused on the …
  
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• Berkshire Hathaway GUARD Adds 2 Field Representatives in Northeast

  24-05-2016 16:15
  
  Berkshire Hathaway GUARD Insurance Companies in Wilkes-Barre, Pennsylvania, has hired Sue Bonkowski and Mike Lawless as senior field representatives. Bonkowski is based in Pittsburgh, Pennsylvania, and will promote targeted growth in western Pennsylvania, eastern Ohio and West Virginia. Bonkowski most …
  
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• Hail-related insurance claims by the numbers

  24-05-2016 15:45
  A total of 2,116,980 hail loss claims were processed from Jan.1, 2013 through Dec. 31, 2015.
  
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• David Sandler Joins Everest Insurance™ to Lead New 'Everest Risk Management' Business Unit - Business Wire (press release)

  24-05-2016 15:44 via businesswire.com
  
  David Sandler Joins Everest Insurance™ to Lead New 'Everest Risk Management' Business Unit
  Business Wire (press release)
  HAMILTON, Bermuda--(BUSINESS WIRE)--Everest Re Group, Ltd. (NYSE:RE) announced that David Sandler has joined Everest Insurance as leader of a new business unit targeting the risk management client segment. Everest Risk Management enters the ...and more »
  
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• After a grilling over OMNIA, Christie's top insurance official wins Senate panel OK - NJ.com

  24-05-2016 15:24 via nj.com
  
  NJ.com
  After a grilling over OMNIA, Christie's top insurance official wins Senate panel OK
  NJ.com
  TRENTON — Gov. Chris Christie's pick for state Banking and Insurance commissioner won the support of a Senate panel Monday, but not before the nominee endured a grilling over the administration's approval of a controversial insurance plan. The Senate ...
  
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• Insurers Rethinking $17.7 Billion Invested in Hedge Funds

  24-05-2016 14:13
  
  Insurers have had about enough of hedge funds. Stung by market-trailing returns, the insurance industry in the U.S. is reversing course after more than doubling its hedge fund allocation over five years, to $17.7 billion as of Dec. 31, according …
  
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• AIG to Sell Crowdfunding Insurance, Looking to Make Money Off Investors' Worries - Wall Street Journal (blog)

  24-05-2016 14:10 via blogs.wsj.com
  Wall Street Journal (blog)
  AIG to Sell Crowdfunding Insurance, Looking to Make Money Off Investors' Worries
  Wall Street Journal (blog)
  American International Group is giving crowdfunding a try. Not to raise money for startups, but to profit off investors' concerns about being ripped off as they invest in small businesses through this new type of funding. The New York company is set to ...
  AIG Introduces Equity Crowdfunding Insurance For InvestorsCrowdfund Insider
  AIG Launches a New Equity Crowd
  
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• 5 ways to give millennials a cause (and a company) to believe in

  24-05-2016 13:15
  Over 50% of millennials make an effort to buy products from companies that support causes they care about.
  
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• Millennial consumers, mobile use and insurance sales - LifeHealthPro

  24-05-2016 12:51 via lifehealthpro.com
  
  LifeHealthPro
  Millennial consumers, mobile use and insurance sales
  LifeHealthPro
  While Generation Y recognizes the importance of insurance, young adults tend to be price-sensitive. You've seen them on their smartphones at the dinner table, during work, at parties, even in the movie theaters while "watching" a movie. Millennials, or ...
  
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• Analysts respond to the Fed's proposed rules for insurers

  24-05-2016 12:45
  
  The Federal Reserve Board will soon propose two-tier capital requirements for the insurers it oversees: one for insurers deemed systemically risky, and another for insurers it oversees because they operate thrift holding companies.
  
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• Will the insurance subsidy revive agriculture? - New Vision

  24-05-2016 11:58 via newvision.co.ug
  
  New Vision
  Will the insurance subsidy revive agriculture?
  New Vision
  Although experts say it is necessary to manage agricultural risks with appropriate mitigation measures, farmers are always left to seek their own solutions. Fish 703x422. Despite being labelled the backbone of Uganda's economy, the agriculture sector ...
  
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• Thousands of families paying over the odds for health insurance - Irish Independent

  24-05-2016 11:17 via independent.ie
  
  Irish Independent
  Thousands of families paying over the odds for health insurance
  Irish Independent
  Four out of five consumers who have health insurance are on the wrong plan, according to research by one of the country's leading health insurance experts. Share. Facebook · Twitter · Google · Email. Go To. Comments. This means thousands of families ...
  Irish families could save a FORTUNE on health insurance costs by doing this one simple thingIrish Mirrorall 5 news articles&
  
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• Chubb Focuses on Continental European SMEs with ‘Easy Solutions’ Proposition

  24-05-2016 09:04
  
  Chubb has launched Chubb Easy Solutions, its proposition for brokers and their small and medium sized clients in Europe. Backed up by a dedicated underwriting team, Chubb Easy Solutions provides cover through a simplified underwriting process, enabling brokers to obtain quotes …
  
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• Cyber Bank Thieves Stole $12M from Ecuador Bank in 2015, Using SWIFT System

  24-05-2016 09:03
  
  Shortly after 7 p.m. on January 12, 2015, a message from a secure computer terminal at Banco del Austro (BDA) in Ecuador instructed San Francisco-based Wells Fargo to transfer money to bank accounts in Hong Kong. Wells Fargo complied. Over …
  
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• Small Group of Bermudian Re/Insurers’ Drive Overall Q1 Premium Growth: S&P

  24-05-2016 09:01
  
  At first glance, Bermudian re/insurance companies appeared to start the year with a bang, reporting a 21 percent increase in consolidated gross premiums written (GPW), according to a new report published by Standard & Poor’s. However, that picture is slightly …
  
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• Small Group of Bermudian Re/Insurers Drive Overall Q1 Premium Growth: S&P

  24-05-2016 09:01
  
  At first glance, Bermudian re/insurance companies appeared to start the year with a bang, reporting a 21 percent increase in consolidated gross premiums written (GPW), according to a new report published by Standard & Poor’s. However, that picture is slightly …
  
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• Soft Pricing, Capacity and ‘Market Fatigue’ in Medical Professional Liability Insurance

  24-05-2016 07:21
  
  Are insurance brokers experiencing “market fatigue” in the medical professional liability line of insurance right now? Could be, according to Daniel Nash, senior vice president of Field Operations and Business Development for Ironshore. Even though pricing in the market is …
  
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