Insurance news

• Cyber insurance is changing the way we look at risk - TechCrunch

  13-06-2016 22:00 via techcrunch.com
  
  TechCrunch
  Cyber insurance is changing the way we look at risk
  TechCrunch
  If, or more accurately, when your company is hit by a cyber attack, do you have what you need to recover? Do you know what kind of losses you can afford to absorb in your bottom line? How do you manage your risks? Have you thought about whether you ...
  12 Tips for Securing Cyber Insurance CoverageDark Reading
  Is it time to buy cyber insurance?GCN.comall 3 news articles »
  
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• How to save money on car insurance - New York Daily News

  13-06-2016 21:19 via nydailynews.com
  
  New York Daily News
  How to save money on car insurance
  New York Daily News
  One way to save money on car insurance is to maintain a clean driving record and to avoid accidents, which means paying attention to the road ahead and not whatever this guy is looking at. BY Warren Clarke. NEW YORK DAILY NEWS. Monday, June 13 ...and more »
  
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• Everything You Need to Know About Rental Car Insurance - Nasdaq

  13-06-2016 21:15 via nasdaq.com
  
  Nasdaq
  Everything You Need to Know About Rental Car Insurance
  Nasdaq
  Rental car insurance--to get it or not to get it? Those are the questions you ask yourself as you stare at the clerk in the rental car place. How much is it? Is it worth paying for something that is unlikely to happen? Those are more questions you may ask.
  
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• Obamacare repeal would lead to 24 million more people without health insurance - CNBC

  13-06-2016 20:49 via cnbc.com
  
  CNBC
  Obamacare repeal would lead to 24 million more people without health insurance
  CNBC
  If the next president and Congress repeal Obamacare — as many Republican elected officials want to do — there could end up being more people without health insurance than before the law went into effect, a new study says. A total of 24 million more ...
  24 Million Would Lose Insurance If ACA Is Repealed, Report SaysMorning Consult
  Maryland gets federal help in targeting, enrolling kids in he
  
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• GameChanger® Now Supports Cyber Insurance - PR Newswire (press release)

  13-06-2016 20:29 via prnewswire.com
  
  GameChanger® Now Supports Cyber Insurance
  PR Newswire (press release)
  PHILADELPHIA, June 13, 2016 /PRNewswire/ -- Decision Research Corporation (DRC), a technology leader specializing in insurance processing solutions for the P&C insurance industry, today announced that GameChanger Suite and GameChanger Rating ...and more »
  
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• G4S under scrutiny after employing Orlando killer since 2007

  13-06-2016 20:20
  
  G4S’s approach to the vetting of its security personnel is under scrutiny after it emerged that Florida nightclub killer Omar Mateen had been employed by the world’s biggest guarding company for almost a decade.
  
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• 24 Million Would Lose Insurance If ACA Is Repealed, Report Says - Morning Consult

  13-06-2016 20:15 via morningconsult.com
  
  24 Million Would Lose Insurance If ACA Is Repealed, Report Says
  Morning Consult
  Twenty-four million more people would be uninsured by 2021 if the Affordable Care Act was repealed, according to a report released Monday by the Robert Wood Johnson Foundation. The drops would come primarily from decreases in Medicaid-eligible ...and more »
  
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• More, tighter norms proposed for web aggregators in insurance - Business Standard

  13-06-2016 19:47 via business-standard.com
  
  Financial Express
  More, tighter norms proposed for web aggregators in insurance
  Business Standard
  Web aggregators might have to face tighter norms for operating in the insurance sector. In proposed rules, the Insurance Regulatory and Development Authority of India (Irdai) has suggested the capital requirement (paid-up capital and net worth) would ...
  IRDAI forms panel on Title Insurance, all you need to know in 5 pointsFinancial Expressall 21 news articles »
  
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• Maryland gets federal help in targeting, enrolling kids in health insurance - Baltimore Sun (blog)

  13-06-2016 19:12 via baltimoresun.com
  
  Baltimore Sun (blog)
  Maryland gets federal help in targeting, enrolling kids in health insurance
  Baltimore Sun (blog)
  The funds are part of the fourth round of funding to states from the federal agency to be used to sign up children for Medicaid or the Children's Health Insurance Program, for a total of about $150 million, officials said Monday. About $32 million was ...and more »
  
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• Amazon fined by U.S. FAA for shipping dangerous cargo on planes

  13-06-2016 19:10
  
  The shipment of corrosive drain cleaner wasn’t properly packaged, declared and labeled, the FAA said in the release.
  
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• Conklin, Baird Appointed to Lead Ohio Department of Insurance Units

  13-06-2016 18:43
  
  Lt. Governor Mary Taylor has named two to key posts at the Ohio Department of Insurance. Allison Conklin will serve as assistant director of Legislative Affairs and Amanda Baird is the new general counsel. Baird supervises legal assistance provided to …
  
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• Judge: Penn. Woman Violated Order in Contacting Insurance Trial Witnesses

  13-06-2016 18:36
  
  A local GOP fundraiser and hostess from Doylestown, Pennsylvania, has been sentenced to 30 days in jail after a judge said she violated a court order against contacting witnesses in her upcoming trial in a $20 million insurance fraud case. …
  
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• President Declares 12 Texas Counties Major Disaster Areas

  13-06-2016 18:34
  
  President Barack Obama has declared a major disaster in 12 Texas counties throughout the state that suffered severe flooding last month during heavy rainfall. The declaration, approved on June 11, covers Austin, Brazoria, Brazos, Fort Bend, Grimes, Hidalgo, Hood, Montgomery, …
  
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• Ohio-Based The Hoffman Group Acquired by Oswald Companies

  13-06-2016 18:32
  Oswald Companies, headquartered in Cleveland, Ohio, has acquired The Hoffman Group, an Ohio insurance firm founded in 1919. Hoffman’s employees are now employee-owners of Oswald and will operate out of offices in Cleveland and Medina, Ohio. Hoffman’s professionals will continue …
  
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• North Dakota Fines Crop Insurance Agency, Orders Credits to Farmers

  13-06-2016 18:30
  North Dakota Insurance Commissioner Adam Hamm has fined an insurance firm that sold crop insurance in that state and ordered restitution to farmers. The North Dakota Insurance Department announced the multi-layered disciplinary action against The Climate Corporation a/k/a The Climate …
  
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• 4 ways HR managers can minimize natural disaster risks

  13-06-2016 18:30
  
  For HR managers overseeing business travelers, an earthquake or other catastrophic event can leave employers scrambling to ensure their employees’ whereabouts and safety.
  
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• Subsidies to Insurance Carriers - Huffington Post

  13-06-2016 18:28 via huffingtonpost.com
  
  Subsidies to Insurance Carriers
  Huffington Post
  No Money shall be drawn from the Treasury, but in Consequence of Appropriation made by Law... Article I Section 9 of the United States Constitution. A federal court judge, Rosemary Collyer, has recently ruled in favor of the House of Representatives in ...
  
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• Pennsylvania Regulators to Reconsider Record $11.4M Fine Against Uber

  13-06-2016 18:22
  Pennsylvania’s utility regulators voted on June 9 to reconsider the record-setting $11.4 million fine they imposed on ride-hailing company Uber. The Public Utility Commission fined San Francisco-based Uber in April for operating in Pennsylvania for six months in 2014 without …
  
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• Drivers Sue After Uber, Lyft Exit Austin

  13-06-2016 18:21
  
  Former Uber Technologies Inc. and Lyft Inc. drivers in Austin, Texas, have accused the ride-hailing companies of breaking a federal law by abruptly halting operations in the city after voters backed a measure requiring them to fingerprint drivers. The lawsuits …
  
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• Oklahoma Man Gets 18-Year Sentence for Insurance Fraud - Insurance Journal

  13-06-2016 18:20 via insurancejournal.com
  
  Insurance Journal
  Oklahoma Man Gets 18-Year Sentence for Insurance Fraud
  Insurance Journal
  Oklahoma Attorney General Scott Pruitt announced that LaTroy Staglin was sentenced after being convicted on nine felony counts of submitting a false claim for insurance. According to the AG's office, Staglin operated under many aliases. He would wait ...
  
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• Philadelphia Judge to Release Sandusky Settlement Records

  13-06-2016 18:17
  
  A Philadelphia judge has ordered the public release of sealed documents from a lawsuit that could reveal details about a claim that a boy told Penn State football coach Joe Paterno in 1976 that Jerry Sandusky had molested him. Judge …
  
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• Oklahoma Man Gets 18-Year Sentence for Insurance Fraud

  13-06-2016 18:17
  
  An Oklahoma man has been sentenced to 18 years in prison for insurance fraud. Oklahoma Attorney General Scott Pruitt announced that LaTroy Staglin was sentenced after being convicted on nine felony counts of submitting a false claim for insurance. According …
  
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• XL Catlin Names Haynes as Senior U/W, International Casualty, Asia

  13-06-2016 18:14
  
  XL Catlin has appointed Lloyd Haynes as senior underwriter, International Casualty, covering the Asia Pacific market, based in Singapore. Haynes has worked in the insurance industry for more than 10 years. He joins XL Catlin from Allied World Assurance Co. …
  
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• N.Y. Court Says BofA, Countrywide Merger Communications Must Be Disclosed

  13-06-2016 18:10
  
  New York’s highest court ruled on June 9 that Bank of America must disclose to an insurer communications it had with Countrywide Financial six months before the bank bought the mortgage lending company in 2008. The insurer, Ambac Assurance Corp., …
  
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• Insurance controversy targeted in Palm Beach County forum - MyPalmBeachPost

  13-06-2016 17:47 via mypalmbeachpost.com
  
  MyPalmBeachPost
  Insurance controversy targeted in Palm Beach County forum
  MyPalmBeachPost
  It's the topic off the season in the insurance world. It pits insurance companies against contractors, attorneys and other third parties they blame for inflating non-storm claims such as plumbing leaks. Caught in the middle, consumers often find ...
  
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• 7 biggest areas for insurance industry job growth

  13-06-2016 17:30
  
  The industry has been growing overall, says Steve Weisbart of the Insurance Information Institute. But, certain sectors are struggling to create jobs.
  
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• Premier dropping CareSource insurance - Dayton Daily News

  13-06-2016 17:19 via daytondailynews.com
  
  Premier dropping CareSource insurance
  Dayton Daily News
  Premier Health hospitals, outpatient facilities and affiliated health care providers will no longer accept CareSource's Just4Me brand private health insurance after Aug. 1, CareSource officials confirmed Monday. By Randy Tucker. Staff Writer. Premier ...
  
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• Oregon Homeonwers of Lot with Falling Tree Sued by Husband of Dead Woman

  13-06-2016 17:14
  The husband of a Portland, Ore. woman killed when a tree slammed into their house has filed a wrongful death lawsuit against the owners of the home next door. The lawsuit states that Dennis Elleson feared the Douglas fir would …
  
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• Nevada Chosen as Test Site for Passenger-Carrying Drones

  13-06-2016 17:12
  
  A company that manufactures passenger-carrying drones will be testing its system in Nevada. The Las Vegas Review-Journal reported that EHang Inc., which is headquartered in Guangzhou, China, is partnering with the Nevada Institute for Autonomous Systems to test and develop …
  
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• DEADLINE EXTENDED! Enter your Workers' Comp program now!

  13-06-2016 17:00
  
  The deadline for entries for our Excellence in Workers’ Compensation Risk Management Award has been extended to June 24, 2016!
  
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• Commercial Insurance Pricing Inched Up in Q1: Willis Towers Watson - Insurance Journal

  13-06-2016 16:48 via insurancejournal.com
  
  Canadian Underwriter
  Commercial Insurance Pricing Inched Up in Q1: Willis Towers Watson
  Insurance Journal
  Commercial insurance prices increased only a bit in aggregate (less than 1 percent) during the first quarter of 2016, according to the latest Commercial Lines Insurance Pricing Survey (CLIPS). While price changes in the first quarter for most lines of ...
  US commercial insurance prices rose less than 1% in first quarter: Willis Towers WatsonCanadian Underwriterall 3 news articles &raqu
  
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• With insurance industry talent crisis looming, Erie Insurance launches Google Glass program to improve efficiency - PR Newswire (press release)

  13-06-2016 16:44 via prnewswire.com
  
  PR Newswire (press release)
  With insurance industry talent crisis looming, Erie Insurance launches Google Glass program to improve efficiency
  PR Newswire (press release)
  ERIE, Pa., June 13, 2016 /PRNewswire/ -- Experts say retiring baby boomers will leave the insurance industry with 400,000 open positions to fill by 2020. According to the insurance training provider The Institutes, in 2013 the number of employees aged ...and more »
  
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• Will an Obama policy change squeeze Tampa's Health Insurance Innovations out of its key market? - Tampabay.com

  13-06-2016 16:30 via tampabay.com
  
  Will an Obama policy change squeeze Tampa's Health Insurance Innovations out of its key market?
  Tampabay.com
  An 8-year-old Tampa insurance company that specializes in providing short-term medical plans was hammered last week, first by a proposed change in federal rules governing its business and then by an analyst downgrade. Combined, those hits sent the ...and more »
  
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• New regs for Tuesday: Boats, oxygen, insurance - The Hill

  13-06-2016 16:28 via thehill.com
  
  New regs for Tuesday: Boats, oxygen, insurance
  The Hill
  Tuesday's edition of the Federal Register contains new safety regulations for tow boats, labeling requirements for oxygen devices, and financial requirements for insurance companies. Here's what is happening: Tow boats: The Coast Guard is moving ...
  
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• Commercial Insurance Pricing Inched Up in Q1: Willis Towers Watson

  13-06-2016 16:11
  
  Commercial insurance prices increased only a bit in aggregate (less than 1 percent) during the first quarter of 2016, according to the latest Commercial Lines Insurance Pricing Survey (CLIPS). While price changes in the first quarter for most lines of …
  
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• Lunch with Buffett Charity Bid Tops $3.46M

  13-06-2016 15:30
  Warren Buffett’s annual charity lunch auction drew a winning bid of $3.46 million, matching the record. That final offer came from an anonymous donor, tying the record set by another bidder in 2012 who chose to remain unknown. A crowd …
  
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• Health Insurance Companies Set to Raise Obamacare Premiums - NBCNews.com

  13-06-2016 15:27 via nbcnews.com
  
  NBCNews.com
  Health Insurance Companies Set to Raise Obamacare Premiums
  NBCNews.com
  Millions of people who pay the full cost of their health insurance will face the sting of rising premiums next year, with no financial help from government subsidies. Renewal notices bearing the bad news will go out this fall, just as the presidential ...and more »
  
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• Winners of 1st Innovation in Insurance Awards Are 'Change Leaders' - Insurance Journal

  13-06-2016 15:23 via insurancejournal.com
  
  Winners of 1st Innovation in Insurance Awards Are 'Change Leaders'
  Insurance Journal
  The winners of the first annual Innovation in Insurance awards include Allianz, AXA, Europ Assistance, MS&AD Insurance, and USAA. The program, jointly launched by Efma and Accenture, seeks to reward and foster innovation in the industry, and recognizes ...
  
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• Winners of 1st Innovation in Insurance Awards Are ‘Change Leaders’

  13-06-2016 15:21
  
  The winners of the first annual Innovation in Insurance awards include Allianz, AXA, Europ Assistance, MS&AD Insurance, and USAA. The program, jointly launched by Efma and Accenture, seeks to reward and foster innovation in the industry, and recognizes the most …
  
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• 5 questions to ask before authorizing a summary judgment motion

  13-06-2016 15:15
  
  Adjusters are often baffled and take the path of least resistance by approving the attorney's request. But is that the best decision?
  
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• Robo-Agents Not Likely to Replace Your Insurance Agent Anytime Soon Says NTT DATA - Business Wire (press release)

  13-06-2016 15:07 via businesswire.com
  
  Robo-Agents Not Likely to Replace Your Insurance Agent Anytime Soon Says NTT DATA
  Business Wire (press release)
  Don't bid farewell to your insurance agent just yet. NTT DATA provides a reality check on AI's transformative impact on the insurance industry. Download the full report, "The AI Revolution in Insurance: A Reality Check." (Graphic: Business Wire) ...and more »
  
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• Companies Rely More on Tips Than Technology to Detect Fraud: KPMG

  13-06-2016 15:03
  
  Fraudsters are more often caught by tip-offs and complaints, management review, accidentally, suspicious superiors and internal audits than by use of technology and data analytics. According to consulting firm KPMG, North companies are not capitalizing on the use of data …
  
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• Covering funeral costs: what's covered with a funeral plan or life insurance? - Telegraph.co.uk

  13-06-2016 14:47 via telegraph.co.uk
  
  Telegraph.co.uk
  Covering funeral costs: what's covered with a funeral plan or life insurance?
  Telegraph.co.uk
  Death is not the easiest topic to address. However, failing to think about how you will cover the cost of your funeral could cause further distress to your family in the event of your passing. The price of funerals has soared by 90pc in the past 10 ...and more »
  
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• Amica Mutual to Offer Auto Insurance Through Compare.com - Insurance Journal

  13-06-2016 14:33 via insurancejournal.com
  
  Amica Mutual to Offer Auto Insurance Through Compare.com
  Insurance Journal
  Amica Mutual Insurance has begun offering auto insurance quotes through the online auto comparison site Compare.com. Amica will offer quotes for consumers in California and Texas starting this month, with plans to add more states in the near future.
  
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• Amica Mutual to Offer Auto Insurance Through Compare.com

  13-06-2016 14:30
  
  Amica Mutual Insurance has begun offering auto insurance quotes through the online auto comparison site Compare.com. Amica will offer quotes for consumers in California and Texas starting this month, with plans to add more states in the near future. Compare.com …
  
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• ​Health insurance sticker shock for those with no subsidy - CBS News

  13-06-2016 14:28 via cbsnews.com
  
  CBS News
  ​Health insurance sticker shock for those with no subsidy
  CBS News
  WASHINGTON - Millions of people who pay the full cost of their health insurance will face the sting of rising premiums next year, with no financial help from government subsidies. Renewal notices bearing the bad news will go out this fall, just as the ...and more »
  
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• XL Catlin Names Chubb’s Oh as President of E&S Business in U.S.

  13-06-2016 14:15
  
  XL Catlin has appointed Stephen S. Oh to lead its Excess & Surplus (E&S) business.  As president of XL Catlin’s multi-line E&S operation in the U.S., he will direct regional underwriting operations, product distribution and development as well as strategic …
  
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• Insurance rule number one: expect the unexpected - BizTimes.com (Milwaukee)

  13-06-2016 14:12 via biztimes.com
  
  BizTimes.com (Milwaukee)
  Insurance rule number one: expect the unexpected
  BizTimes.com (Milwaukee)
  BizInsights-Rural_Insurance-Construction-workers-06102016 Do you have the right insurance coverage for your business? Whether you have 10 employees or 200, it will never be all smooth sailing, so it's important to be prepared for the unexpected.
  
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• Judge Questions FedEx Liability for Illegal Drug Shipments

  13-06-2016 14:10
  
  Proving to jurors that FedEx Corp. is a criminal because it delivered illegal prescriptions from Internet drug stores was never going to be easy. Convincing a federal judge who questioned the “novel prosecution” may be even tougher. Federal prosecutors go …
  
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• Is Cell Phone Insurance Worth It? - Money Magazine

  13-06-2016 14:02 via time.com
  
  Money Magazine
  Is Cell Phone Insurance Worth It?
  Money Magazine
  It may sound like a good idea to pay a little extra each month for the security of knowing you could get a replacement phone any time you need it. But month-to-month cellphone insurance isn't always the helpful solution it appears to be. High ...
  
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