Insurance news

• Price, stigma may keep patients from using insurance for STDs - Reuters

  16-06-2016 22:43 via reuters.com
  
  Reuters
  Price, stigma may keep patients from using insurance for STDs
  Reuters
  (Reuters Health) - Barriers to getting tested or treated for sexually transmitted disease (STD) need to be lowered, a U.S. study concludes. In 2013, before the Affordable Care Act – better known as Obamacare - was fully implemented, researchers found ...and more »
  
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• American Family wants permission to reorganize as it eyes expanding beyond insurance - Madison.com

  16-06-2016 21:33 via host.madison.com
  
  Madison.com
  American Family wants permission to reorganize as it eyes expanding beyond insurance
  Madison.com
  American Family Mutual Insurance Co. is seeking to broaden its corporate footprint on paths that may lead to expansion into non-insurance products and services, the company announced Thursday. To do that, the Madison-based American Family, the ...and more »
  
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• Cigna-Anthem Merger: California Insurance Regulators Call On Justice Department To Block Insurance Mega-Merger - International Business Times

  16-06-2016 21:01 via ibtimes.com
  
  International Business Times
  Cigna-Anthem Merger: California Insurance Regulators Call On Justice Department To Block Insurance Mega-Merger
  International Business Times
  anthem cigna The office building of health insurer Anthem is seen in Newbury Park, California, Feb. 5, 2015. Photo: Reuters/Gus Ruelas. Saying that a merger between health insurers Anthem and Cigna would be anticompetitive and hurt consumers, ...
  Insurance official urges feds to block big mergerTriValley Central
  California
  
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• Judge Skeptical of Widow’s Claim Twitter Aided Terrorist Group ISIS

  16-06-2016 21:00
  
  A federal judge said he’ll probably dismiss a lawsuit against Twitter Inc. by the widow of a man killed at a police training center in Jordan that accused the social network of knowingly allowing the Islamic State to spread its …
  
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• Texas-Based RiskPro Partners Names Davis as VP, Risk Management

  16-06-2016 19:04
  
  RiskPro Partners, a privately held insurance brokerage firm headquartered in Dallas, has hired Julie Davis as vice president, Risk Management Services, in RiskPro Partner’s Austin office. Davis joins RiskPro Partners following a rich career in insurance and risk management. While …
  
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• Earth's heat extends an unprecedented streak of records

  16-06-2016 18:48
  
  It's no longer a question of whether 2016 will be the hottest on record, but by how much.
  
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• Storms Bring Emergency Declaration in Oklahoma

  16-06-2016 18:47
  
  Oklahoma Lt. Gov. Todd Lamb has declared a state of emergency in nine counties after weekend storms brought flooding, tornadoes and strong winds to the state. The declaration issued Tuesday includes Caddo, Carter, Comanche, Cotton, Garvin, Grady, McClain, Murray and …
  
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• South Dakota Tornado Had Estimated Wind Speeds Up to 125 MPH

  16-06-2016 18:46
  
  A tornado that damaged homes and other buildings near the southwestern South Dakota community of Hermosa had estimated wind speeds of up to 125 mph, according to the National Weather Service. The agency has rated the twister an EF2 on …
  
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• Texas Judge Declares Local Disaster Over Oysters

  16-06-2016 18:43
  
  The leader of a Southeast Texas county has declared a disaster in an effort to assist oyster farmers struggling following recent heavy rain and flooding. Galveston County Judge Mark Henry announced the local declaration as a step to help oyster …
  
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• Southeast Texas Judge Declares Local Disaster Over Oysters

  16-06-2016 18:43
  
  The leader of a Southeast Texas county has declared a disaster in an effort to assist oyster farmers struggling following recent heavy rain and flooding. Galveston County Judge Mark Henry announced the local declaration as a step to help oyster …
  
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• Michigan Updates P/C Guaranty Association Maximum Refund Amount

  16-06-2016 18:42
  
  The Michigan Department of Insurance and Financial Services announced that the insured’s maximum refund of unearned premiums available from the state’s Property and Casualty Guaranty Association has been changed. The adjustment is made annually to reflect changes in the cost …
  
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• W.R. Berkley hires ex-Morgan Stanley banker for strategy

  16-06-2016 18:20
  
  W.R. Berkley, the Greenwich, Connecticut-based commercial insurer, named former Morgan Stanley investment banker Jared Abbey as senior VP for corporate strategy and development.
  
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• NYDFS Holocaust Claims Processing Office Receives Anne Frank Award

  16-06-2016 18:17
  
  The New York State Department of Financial Services (NYDFS) announced that its Holocaust Claims Processing Office is the recipient of the 2016 Outstanding Citizens Award from the Anne Frank Center for Mutual Respect in New York. Established in 1997, the …
  
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• Burns & Wilcox Chicago Hires Former Willis Towers Watson VP, Mullen

  16-06-2016 18:08
  
  Wholesale insurance broker, Burns & Wilcox, has added Mary Mullen as manager, Personal Insurance, in its Chicago office. Mullen, who most recently served as vice president, regional operations officer at Willis Towers Watson, will lead the Personal Lines practice within …
  
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• 5 Principles for Navigating Complex Property/Casualty Claims

  16-06-2016 18:02
  
  Property/casualty losses arising from construction defects, earthquakes, hurricanes, floods, fires, industrial accidents, tornadoes or any number of other perils can strike at almost any time. When they do, the impacts to a business can be crippling, and managing the operational, …
  
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• EgyptAir jet-crash search team retrieves voice recorder from sea

  16-06-2016 17:58
  
  The so-called black box was damaged but its memory unit is intact, Egypt’s Ministry of Civil Aviation said in a statement.
  
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• BMW’s Mini concept prepares for future without car ownership

  16-06-2016 17:15
  
  Mini is planning for a future when traditional vehicle ownership will be optional and its model line will consist of free-floating robo-cars.
  
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• W.R. Berkley Taps Morgan Stanley’s Abbey for Strategy Post

  16-06-2016 17:09
  
  W.R. Berkley Corp., the Greenwich, Connecticut-based commercial insurer, named former Morgan Stanley investment banker Jared Abbey as senior vice president for corporate strategy and development. Abbey previously worked as a banker focusing on mergers and acquisitions, corporate restructurings and capital-raising …
  
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• Weather Service Puts Montana Tornado at EF-3 Level

  16-06-2016 17:01
  
  A preliminary storm survey determined a tornado that hit the east-central Montana town of Baker last weekend reached the EF-3 level, matching the strongest tornadoes ever recorded in the state, the National Weather Service said. The tornado was on the …
  
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• RLI’s Dunn Named Carolina Casualty CEO

  16-06-2016 17:00
  
  W. R. Berkley Corp. has appointed David A. Dunn as president and chief executive officer of its trucking insurance specialist, Carolina Casualty. Dunn has 40 years of experience in the property/casualty insurance industry, principally in the specialty transportation segment. Most …
  
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• Colorado Scientists Detail Results of Fracking Air Pollution Study

  16-06-2016 16:56
  
  A study of air pollution from western Colorado fracking wells found the highest rate of emissions came just after fracking was completed. The research released this week didn’t measure the effects on human health, but it will help state officials devise …
  
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• Former New Mexico County Manager Files Suit after Being Axed for 3rd DWI

  16-06-2016 16:52
  
  A former top western New Mexico county official fired after her third drunken driving arrest just two days into her new job has filed a lawsuit. An attorney for former interim Cibola County manager Rheganne (RAY’-gun) Vaughn says in court …
  
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• New Mexico Governor Declares Emergency Amid Growing Wildfire

  16-06-2016 16:47
  
  A wildfire burning in central New Mexico grew to more than three square miles late Wednesday, sending up a towering plume of smoke that swelled as afternoon temperatures soared and eventually blanketed the state’s largest city in a thick haze. …
  
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• How Much Teen Drivers Add to Parents’ Auto Insurance Bill by State

  16-06-2016 16:19
  
  Teenagers are risky drivers who are very expensive to insure but rates for insuring teens have come down, according to a report from online auto insurance site insuranceQuotes. The study found that U.S. families who add a young driver to …
  
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• Is that product liability claim covered?

  16-06-2016 16:00
  
  Product manufacturers frequently have to defend against product liability or damage claims, and they expect their Commercial General Liability policy to indemnify them.
  
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• Thinking of selling your agency? Here's what to do

  16-06-2016 15:45
  
  You will need to focus on some issues immediately in order to get the most from your valuation.
  
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• 3 questions to ask before automating your processes

  16-06-2016 15:35
  
  Insurance companies need to consider how to identify and reorganize processes with automation in mind, and how to encourage employee buy-in and enthusiasm.
  
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• As On-Demand Economy Grows, Professor Sees New Kind of Capitalism Emerging

  16-06-2016 15:05
  
  It goes by many names: the “sharing economy,” the “gig economy,” the “on-demand economy.” Arun Sundararajan, a professor at New York University’s Stern School of Business who has been studying the phenomenon for several years, favors “crowd-based capitalism.” But he …
  
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• Vullo Confirmed as New York Superintendent of Financial Services

  16-06-2016 15:04
  
  The New York State on Wednesday confirmed Governor Andrew Cuomo’s pick to become the state’s top financial regulator. The confirmation vote for Maria Vullo, Cuomo’s nominee for superintendent of the New York State Department of Financial Services (NYDFS), was unanimous. …
  
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• New York Confirms Vullo as State’s Top Financial Regulator

  16-06-2016 15:04
  
  The New York State on Wednesday confirmed Governor Andrew Cuomo’s pick to become the state’s top financial regulator. The confirmation vote for Maria Vullo, Cuomo’s nominee for superintendent of the New York State Department of Financial Services (NYDFS), was unanimous. …
  
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• Prepare for the unexpected: Time for an insurance checkup - CNBC

  16-06-2016 14:57 via cnbc.com
  
  CNBC
  Prepare for the unexpected: Time for an insurance checkup
  CNBC
  Planning involves more than just managing your budget today and growing your savings; you also need to protect your assets by having adequate insurance. More than 40 percent of Americans say they would feel the financial impact within six months if the ...
  
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• Zeppelin’s Page Testifies He Never Heard Song with Contested ‘Stairway’ Riff

  16-06-2016 14:36
  
  Led Zeppelin guitarist Jimmy Page said a 1968 instrumental he’s accused of ripping off for the band’s iconic “Stairway to Heaven” was alien to him when he first heard it a few years ago. Page testified Wednesday in a trial …
  
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• AIG CEO Hancock Finds Common Ground, Transparency with Activist Directors

  16-06-2016 14:30
  
  Activist investors Carl Icahn and John Paulson are making American International Group (AIG) more transparent through their representation on its board, the U.S. insurer’s president and chief executive Peter Hancock said on Wednesday. Hedge fund manager Paulson and Samuel Merksamer, …
  
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• Travelers beware: Zika not covered by some travel insurance plans - Mashable

  16-06-2016 14:13 via mashable.com
  
  Mashable
  Travelers beware: Zika not covered by some travel insurance plans
  Mashable
  As the threat of the Zika Virus looms, some travelers are choosing to cancel trips to highly affected locations like Venezuela, Cape Verde and Brazil, which is set to host the Summer Olympics this August. Fear of the virus has led athletes, spectators ...
  Zika Virus Could Make Scoring Event Insurance More DifficultInsurance Journalall 690 news articles »
  
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• Ironshore’s Pembroke Agency Partners with Old Mutual for Africa Risks

  16-06-2016 13:35
  
  Ironshore’s Pembroke Managing Agency Ltd. has entered into a management agreement with Old Mutual Group to underwrite select specialty lines for African risks. Pembroke’s Lloyd’s Syndicate 4000 partners with Old Mutual Specialty Insurance, to offer coverage for multiple property, casualty …
  
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• Why the 'hard close' isn't working

  16-06-2016 12:30
  
  Struggling to close a prospect’s business? Here's how you can lose that deal, and how to avoid it.
  
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• An Insurance Beat From The Music Industry - Forbes

  16-06-2016 12:03 via forbes.com
  
  Forbes
  An Insurance Beat From The Music Industry
  Forbes
  Each year, music industry players spend millions of dollars in insurance premiums to buy coverage protecting their businesses from a variety of risks and liabilities. Large companies usually have general counsel and risk managers to navigate this ...
  
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• 15 best states for retirement in 2016

  16-06-2016 12:00
  
  Retirement planning is often a big financial concern for your insurance clients and can be complicated. Affordability isn’t the only factor to consider.
  
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• BHSI Opens German Office, Fills Key Roles in Northern Europe

  16-06-2016 10:36
  
  Berkshire Hathaway Specialty Insurance Co. (BHSI) in coordination with its affiliate Berkshire Hathaway International Insurance Limited (BHIIL), announced it has opened an office in Düsseldorf, Germany, and filled key executive roles in Northern Europe. “We are laying the foundation to …
  
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• Investigators Find Main Wreckage Sites of Crashed EgyptAir Flight 804

  16-06-2016 10:09
  
  Investigators found the main wreckage sites of EgyptAir Flight 804, which crashed last month over the Mediterranean Sea with 66 people on board. A search team provided images of the Airbus Group SE A320 jetliner’s remains to authorities, Egypt’s Ministry …
  
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• PaCRe Exit Eased Tax Scrutiny on Offshore Reinsurers: Third Point Re CEO

  16-06-2016 09:43
  
  Dan Loeb’s Third Point Reinsurance Ltd. said scrutiny of the industry’s offshore tax advantage has lessened after hedge fund manager John Paulson closed a venture that stood out as an ” outlier” for its aggressive use of strategies that were …
  
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• AIG Weighs Moving Its European Hub from London if ‘Brexit’ Triumphs

  16-06-2016 09:05
  
  American International Group Inc. will consider establishing an operations center within the European Union if the U.K. votes to leave the political bloc, according to Chief Executive Officer Peter Hancock. “If a Brexit occurs, I suspect we will need a …
  
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• Citigroup Sues AT&T, Says It Owns Trademark to ‘Thank You’

  16-06-2016 08:00
  
  Citigroup Inc. sued AT&T Inc. on Friday, saying the phone company’s use of “thanks” and “AT&T thanks” in a new customer loyalty program infringed its trademark rights to the phrase “thankyou.” The lawsuit may threaten the business relationship between two …
  
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• Allied World Addresses Non-Payment Exposure With Accounts Receivable Coverage

  16-06-2016 07:53
  
  Allied World Assurance Company Holdings, AG has launched its Accounts Receivable Insurance in the United States and Canada. The coverage is designed to assist CFOs and senior financial executives with mitigating the risk of non-payment due to customer default or …
  
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• North Alabama Water Diluted to Lower Contamination Levels

  16-06-2016 07:40
  
  A water system that had to tell its 10,000 customers not to drink from their taps has brought chemical contamination down to federally acceptable levels by diluting it with water from another north Alabama utility, officials said Tuesday. Even so, …
  
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• Haley Vetoes South Carolina Moped Safety Bill

  16-06-2016 07:35
  
  South Carolina Gov. Nikki Haley has vetoed a moped safety bill, saying it is government overreach to require reflective vests for nighttime driving and helmets for drivers under 21. People over 18 “should decide for themselves what they should wear …
  
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• University of Kentucky Developing Concussion Protocol for Jockeys

  16-06-2016 07:22
  
  The University of Kentucky is developing the first ever concussion protocol for jockeys. The university announced a three-year study on Monday in partnership with the Jockeys’ Guild and several thoroughbred organizations. Carl Mattacola, director of the graduate athletic training program …
  
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• Deadline Looms for Citizens Appointment Agreements Addressing Data Security

  16-06-2016 07:04
  
  Appointed agents and agencies of Florida’s Citizens Property Insurance Corp. have just two weeks left to sign new appointment agreements or have their contract with the state-run insurer terminated. Agreements designed to ensure all of Citizens’ appointed agents and agencies …
  
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• Virginia Says 172K Former Licensed Agent Records May Have Been Breached

  16-06-2016 06:19
  
  Virginia’s State Corporation Commission (SCC) is advising former licensed insurance agents of the potential improper access to their personal data by a former contractor. The suspected compromise of personal data pertains to archived Bureau of Insurance records of insurance agents …
  
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• Fingerprinting Is Key Sticking Point for New Jersey’s Rideshare Regs

  16-06-2016 06:16
  
  When Democratic New Jersey Assemblyman Joseph Lagana decided to regulate ride-sharing companies like Uber and Lyft in the state, his said his main priority was making sure the drivers were properly insured. Two years later, his measure includes a provision …
  
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