Insurance news

• Vancouver mayor seeks to tax empty homes amid soaring prices

  07-06-2016 23:45
  
  Public pressure has been mounting for a crackdown on home prices that has made Vancouver — ranked one of the most livable cities in the world — also increasingly unaffordable.
  
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• Farmers Insurance Review 2016 - NerdWallet (blog)

  07-06-2016 23:45 via nerdwallet.com
  
  Farmers Insurance Review 2016
  NerdWallet (blog)
  True to its name when it was founded, Farmers Insurance once served only farmers, but today it's one of the largest insurance companies in the country. Farmers handles more than 19 million policies in 50 states, offering a broad line of products ...
  
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• Woman Gets Probation for Attempted Insurance Fraud - KARK

  07-06-2016 23:12 via arkansasmatters.com
  
  Woman Gets Probation for Attempted Insurance Fraud
  KARK
  Copyright 2016 Cable News Network/Turner Broadcasting System, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. LITTLE ROCK, Ark. - A Little Rock woman was given a year of probation after pleading ...
  
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• Lexus customers complain of malfunctioning navigation systems

  07-06-2016 23:08
  
  Satellite communications to the navigation systems have been disrupted. Lexus’s Customer Experience Center has received complaints from the Chicago area and from southern U.S. states.
  
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• Cyber Insurance: Is It Worth It? - BankInfoSecurity.com

  07-06-2016 23:05 via bankinfosecurity.com
  
  BankInfoSecurity.com
  Cyber Insurance: Is It Worth It?
  BankInfoSecurity.com
  Just days after a federal appellate court supported a community bank's claims that its $485,000 account-takeover loss should be covered by insurance, a federal district court in Arizona ruled that restaurant chain P.F. Chang's China Bistro should not ...and more »
  
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• Got hail damage? Here's some insurance advice - 9NEWS.com

  07-06-2016 22:26 via 9news.com
  
  9NEWS.com
  Got hail damage? Here's some insurance advice
  9NEWS.com
  KUSA - Residents across the metro area are assessing damage after large hail, strong winds and heavy rain swept through Colorado Monday afternoon. But what can you do if you find shattered windows, torn screens, dented cars and cracked windshields ...
  
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• 6 Tips to Lower Your Insurance Premiums and Save Money - Huffington Post

  07-06-2016 21:06 via huffingtonpost.com
  
  Huffington Post
  6 Tips to Lower Your Insurance Premiums and Save Money
  Huffington Post
  Doesn't it always seem that as soon as you get paid all your bills are due? The worst of these being insurance payments — when it comes down to it, insurance (home, auto, life, dental, health, the list is exhaustive!) is something that everyone needs ...
  Charlie Weston: How to save a fortune on your car insuranceIrish Independent
  Kenyans Now to Compare Insurance Products OnlineAllAfrica.comall 4 news ar
  
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• U.S. gasoline use rising to record this summer on low prices

  07-06-2016 20:08
  
  The lowest pump prices in more than a decade are likely to encourage Americans to take to the roads this summer.
  
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• Arthur J. Gallagher Acquires Texas-Based Ashmore & Associates Insurance

  07-06-2016 18:52
  
  Arthur J. Gallagher & Co. has acquired Ashmore & Associates Insurance Agency Inc. headquartered in Lubbock, Texas. Terms of the transaction were not disclosed. Founded in 1984, Ashmore & Associates Insurance Agency Inc. (Ashmore) is a retail insurance broker providing property/casualty, …
  
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• Family of Worker Killed in Pennsylvania Amtrak Crash Files Suit

  07-06-2016 18:48
  
  A lawyer filing suit over a fatal Amtrak crash near Philadelphia blamed a “colossal miscommunication” for the deaths of two rail workers killed when a train traveling 106 mph struck a backhoe on the same track. Lawyers filed a negligence …
  
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• Ironshore Introduces Political Risk Coverage For Film Producers

  07-06-2016 18:44
  
  Ironshore International is introducing a specialty insurance product designed to address the risk exposure of film production companies shooting in at-risk locations worldwide. Ironshore’s Political Risk program is underwritten to protect film producers against loss and/or damage of equipment and …
  
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• Ohio Insurers Group: 11 Metro Areas in State See Decline in Auto Thefts

  07-06-2016 18:42
  
  The Ohio Insurance Institute (OII) reported that 11 of the 15 Ohio metro areas (MSAs) in the National Insurance Crime Bureau’s (NICB) Hot Spots report show a decline in auto thefts between 2014 and 2015, based on auto theft rates. Based …
  
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• Former California Lawmaker Pleas Guilty in Money Laundering Case Involving Workers’ Comp

  07-06-2016 18:42
  
  A former California Legislator on Monday pleaded guilty to crimes that included accepting bribes, some related to alleged bribes involving workers’ compensation fraud. Former Democratic Assemblyman Tom Calderon pleaded guilty to one felony count of money laundering as part of an …
  
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• Mississippi High Court Allows Negligence Suit Against State DOT to Proceed

  07-06-2016 18:36
  
  The Mississippi Supreme Court has decided not to throw out a negligence lawsuit against the Mississippi Department of Transportation over the death of a Gulfport Bandidos Chapter officer when he crashed his motorcycle in a construction zone. The Clarion-Ledger reports …
  
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• AIR Worldwide: Storms in Texas Brought Up to 600% of Long-Term Average Rain Amounts

  07-06-2016 18:31
  
  Catastrophe modeling firm, AIR Worldwide, reports that over the last several weeks, much of Texas has experienced 400 percent to 600 percent of long-term average rainfall amounts. The storms have subsided for now, but during the recent storm period many …
  
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• Search Ongoing For 2 Mississippi Workers Trapped In Gravel Pit Landslide

  07-06-2016 18:23
  
  A search for two workers who went missing after a landslide at a gravel pit in southern Mississippi is underway, according to a spokeswoman for the Mine Safety and Health Administration. Amy Louviere said Monday the search for two workers …
  
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• Missouri Museum Upgrading Security Following Warhol Thefts

  07-06-2016 18:14
  
  A Missouri art museum has been working to upgrade security since several iconic Andy Warhol prints were stolen in April. Seven Warhol Campbell’s Soup prints were stolen from the Springfield Art Museum on April 7, while three were left behind. …
  
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• Wiggins Joins MGA-Focused Holding Company, DOXA, in Indiana

  07-06-2016 18:11
  
  Fort Wayne, Ind.-based DOXA Insurance Holdings LLC (DOXA) has named Timothy Wiggins as chief operating officer and managing partner. DOXA, launched in April 2016, is a holding company focused on managing general agents (MGAs). Wiggins has nearly 22 years of …
  
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• Aon Benfield Chile Taps Soto Quintus as CEO, Molina as Treaty Head

  07-06-2016 18:11
  
  Aon Benfield has appointed Martin Soto Quintus as chief executive officer of Aon Benfield Chile. Reporting to Alejandro Galizia, CEO of Aon Benfield Latin America, Soto Quintus is responsible for the development and implementation of the firm’s growth strategy in …
  
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• Blanch Appointed President of Florida Flood Insurer TypTap

  07-06-2016 18:05
  
  HCI Group, Inc. (HCI) has appointed Ted Blanch as president of TypTap Insurance Company, HCI’s new online insurance company. Blanch brings years of industry experience to TypTap, which offers an online platform to quote and bind residential flood insurance policies …
  
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• Cardinal Named Regional Manager as Iroquois Expands into Louisiana

  07-06-2016 18:01
  
  The Iroquois Group, an independent insurance agency network, announced it is expanding into the state of Louisiana. The group’s announcement follows several months of meetings with prospective member agencies, carriers and trade association officials. Cameron Cardinal who formerly held marketing …
  
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• New Jersey Furniture Maker to Pay OSHA $123K in Settlement

  07-06-2016 17:57
  
  A New Jersey furniture manufacturer has reached a settlement with a federal safety agency to pay $123,000 and fix a slew of health and safety violations, including exposing workers to a cancer-causing chemical. North Arlington, New Jersey-based Sterling Seating Inc. …
  
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• Insurers Must Stop Insuring Illegal Fishing Vessels: UBC Research

  07-06-2016 17:56
  
  Rogue fishing vessels are able to secure insurance even after they have been red-flagged by international watchdogs for unlawful activity, according to research published by the University of British Columbia. “Restricting access to insurance could play a major role in …
  
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• Driverless Car Demo’d in Pennsylvania as State Bill, Task Force Press On

  07-06-2016 17:54
  
  Think of it as driver education with the car as the student and you as the instructor. That’s what it’s like in the latest version of Carnegie Mellon University’s self-driving car, a 2011 Cadillac SRX on display June 1 in …
  
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• Tropical Storm Colin moves to sea after cutting power in Florida

  07-06-2016 17:33
  
  Tropical Storm Colin moved out to sea early Tuesday after knocking out power to thousands, prompting Florida Governor RickScott to declare a state of emergency.
  
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• Woodruff-Sawyer in California Adds Huskins and Kakel to Board

  07-06-2016 17:28
  
  San Francisco, Calif.-based Woodruff-Sawyer & Co. is expanding its board of directors from eight to 10 members with the additions of Priya Cherian Huskins and Christopher Kakel. Huskins and Kakel are now partners/shareholders in the company. Huskins has been with Woodruff-Sawyer …
  
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• Alliant Acquires Western Carwash Insurance Program

  07-06-2016 17:19
  
  Alliant Insurance Services Inc. has acquired the Western Carwash Insurance Program in California. Terms of the deal were not disclosed. The Western Carwash Insurance Program is the exclusive insurance program of the Western Carwash Association. The program offers comprehensive coverage …
  
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• Fitch sees $1.1 billion German flood claims, double estimate

  07-06-2016 17:12
  
  The economic losses could be significantly higher, given that only a third of home-insurance policies in Germany include natural hazard cover.
  
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• Insurance Startup in California Eyeing Gig Economy Opens $2M Seed Round

  07-06-2016 17:07
  
  Bunker Project Inc., a San Francisco, Calif.-based insurance technology startup, announced a $2 million seed funding round. The round was co-led by Comcast Ventures and Route 66 Ventures. Insurance carriers Hiscox and American Family Ventures also participated in the round. Bunker …
  
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• Aspen Grabs Ladeau, 3 Underwriters from Allied World for U.S. Cyber Team

  07-06-2016 16:09
  
  Aspen U.S. Insurance is expanding its cyber team and has named Josh Ladeau, formerly with Allied World Assurance Co., as senior vice president for Cyber Risk. Ladeau will focus on the growing the cyber portfolio within Aspen’s U.S. Professional Liability …
  
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• Sapiens Acquires P/C Insurance Software Firm Maximum Processing

  07-06-2016 16:05
  
  Israel-based financial software provider Sapiens International Corp. said it has agreed to buy Maximum Processing Inc., a property/casualty insurance software provider known for its Stingray System. Maximum Processing is a privately-held company headquartered in Bradenton, Florida, with offices in Garner, …
  
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• Meyer to Succeed Dunn as President of RLI Transportation Division

  07-06-2016 15:37
  
  Specialty insurer RLI Corp. announced that Dan Meyer has been promoted to president, RLI Transportation Division. Meyer succeeds Dave Dunn, who recently departed the company to pursue other opportunities. Meyer joined RLI in 2000 as a claim manager and transitioned …
  
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• 6.8 million homes at risk for hurricane storm surge

  07-06-2016 15:30
  
  States along the Atlantic and Gulf coasts have the most homes in danger zones.
  
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• Allianz Corporate Specialty Adds 3 to Cyber Insurance Team for North America

  07-06-2016 15:23
  
  Allianz Global Corporate & Specialty (AGCS) has expanded its North American cyber insurance team with three industry professionals: Laura Burke, Daniel J. DeLoof and Lester Shearn. Emy R. Donavan was also promoted to regional head of cyber and U.S. deputy …
  
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• 3 elements of a successful mobile insurance strategy

  07-06-2016 15:00
  
  To earn and retain business, insurance companies need to inspire confidence and demonstrate clear mobile value for users.
  
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• Chubb Offers Cyber Bullying Cover for Canadian Homeowner Clients

  07-06-2016 14:27
  
  Chubb has added cyber bullying coverage to its Canadian Masterpiece Family Protection policy to help cover clients and their families from the expenses associated with a cyber bullying incident. Chubb’s cyber bullying coverage provides up to $60,000 in compensation to clients and …
  
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• More people, more problems: Risks in automating insurance payments

  07-06-2016 13:00
  
  Automating workers' compensation payments can control costs, but it comes with risks and complications. Here's what you need to know.
  
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• 7 ways to increase your work-at-home productivity

  07-06-2016 13:00
  
  Working remotely can have many advantages ... and disadvantages. Here are some best practices or getting organized.
  
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• Will 2016 See More Atlantic Hurricanes? The Scientists Disagree

  07-06-2016 12:57
  
  This summer and fall, the Atlantic Ocean might become a testing ground for competing scientific theories. After decades of warmth, there’s evidence that the ocean is cooling, a change that could mean fewer of the hurricanes that wreak havoc on …
  
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• Will 2016 See More Atlantic Hurricanes? Scientists Disagree

  07-06-2016 12:57
  
  This summer and fall, the Atlantic Ocean might become a testing ground for competing scientific theories. After decades of warmth, there’s evidence that the ocean is cooling, a change that could mean fewer of the hurricanes that wreak havoc on …
  
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• Supreme Court Rejects Google Appeal of Class Action by Adwords Advertisers

  07-06-2016 12:46
  
  The U.S. Supreme Court on Monday let stand a lower court’s decision to allow a class action lawsuit against Google Inc. to proceed regarding claims that the company deceived California advertisers about the placement of Internet ads through its Adwords …
  
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• Update: Tropical Storm Colin Moving Out to Sea; Heavy Rain, Atlantic Storm Surge Threats Remain

  07-06-2016 12:36
  
  Tropical Storm Colin moved out to sea early Tuesday after knocking out power to thousands, prompting Florida Governor Rick  Scott to declare a state of emergency. The threat of a storm surge flooding shifted to the Atlantic Coast from the …
  
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• Tropical Storm Colin to Drench Southeast Before Moving Out to Sea

  07-06-2016 12:36
  
  Strong winds and heavy rainfall were expected across the southeastern United States on Tuesday even as the center of Tropical Storm Colin was moving into the Atlantic Ocean. The storm was 90 miles (145 km) southwest of Charleston, South Carolina, …
  
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• Gallagher Appoints 2 Former Willis Aviation Brokers as Divisional Directors

  07-06-2016 12:19
  
  Arthur J. Gallagher has appointed two former Willis aviation brokers, Mark Champion and Paul Rogers, as divisional directors. With combined experience of nearly 70 years, Gallagher said the hiring of these “industry stalwarts [underlines] its commitment to the aviation arena.” …
  
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• Update: German Flood Claims Estimated at $1.1B, Says Fitch Ratings

  07-06-2016 11:43
  
  Insurers will face higher-than-expected claims related to floods in Germany, according to Fitch Ratings, dealing another blow to an industry squeezed by low interest rates and decreasing prices for policies. Claims linked to torrential rain, thunderstorms and floods that hit …
  
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• German Flood Claims Estimated to Reach $1.1 Billion: Fitch

  07-06-2016 11:43
  
  Insurance claims from the recent flooding in Germany are likely to reach about €1 billion ($1.1 billion), Fitch Ratings said. While claims on this scale will weaken the sector’s underwriting profitability, it is unlikely that credit profiles will be threatened, …
  
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• Buckle up: ​Car insurance rates are set to soar - CBS News

  07-06-2016 11:30 via cbsnews.com
  
  CBS News
  Buckle up: ​Car insurance rates are set to soar
  CBS News
  Are higher car insurance rates coming? Ask the residents of Georgia, where Allstate Property & Casualty Insurance has just raised some auto premiums by 58 percent. The Good Hands People have claimed that's an extreme case, but it doesn't deny that ...
  Auto insurance rates skyrocket across the countryWKBW-TV
  7 Things You Never Knew Car Insurance Would CoverNasdaqall 4 news articles »
  
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• Why the recent hype about insurance tech will be just the beginning - TechCrunch

  07-06-2016 03:00 via techcrunch.com
  
  TechCrunch
  Why the recent hype about insurance tech will be just the beginning
  TechCrunch
  TX Zhuo is the managing partner of Karlin Ventures focusing on fintech, enterprise software and marketplace opportunities. More posts by this contributor: What's next for personal financial services? How to join the network. Erin Shipley Crunch Network ...and more »
  
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