Insurance news

• Police: Funeral home director stole from dead man's insurance policy - WRAL.com

  17-06-2016 23:17 via wral.com
  
  WRAL.com
  Police: Funeral home director stole from dead man's insurance policy
  WRAL.com
  Rocky Mount, N.C. — A Rocky Mount funeral home director was charged in Enfield Thursday for allegedly forging documents and stealing money from an insurance policy. Authorities said that Earl Schirra Joyner-Clark, 53, forged documents from a deceased ...
  
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• The Thin Line Between Personal and Commercial Auto Insurance - NerdWallet (blog)

  17-06-2016 23:00 via nerdwallet.com
  
  The Thin Line Between Personal and Commercial Auto Insurance
  NerdWallet (blog)
  If you don't operate a fleet of business vehicles — or run a business at all — you may never have given commercial auto insurance a thought. But it's possible you may need a commercial policy even if you don't fall into these categories, particularly ...and more »
  
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• People on the move in the P&C insurance industry: June 17, 2016

  17-06-2016 23:00
  
  News from Aspen, Burns & Wilcox and Hermes Law.
  
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• School sports insurance rates skyrocketing in Catasauqua Area - Allentown Morning Call

  17-06-2016 22:37 via mcall.com
  
  Allentown Morning Call
  School sports insurance rates skyrocketing in Catasauqua Area
  Allentown Morning Call
  CATASAUQUA — It will cost nearly twice as much next school year for the Catasauqua Area School District to provide insurance against injuries to its student athletes. After shopping for a better rate to no avail, the administration recommended that ...
  
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• Wildfires burn across the Western U.S. triggering evacuations [photos]

  17-06-2016 20:15
  
  Firefighters are trying to contain a growing wildfire in coastal Southern California and a larger blaze in rural New Mexico as hot weather and wind feed flames that triggered hundreds of evacuations.
  
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• Insurance rating improves following inspection - News & Observer

  17-06-2016 20:14 via newsobserver.com
  
  News & Observer
  Insurance rating improves following inspection
  News & Observer
  Some Wendell area property owners could see some drastic cuts in the cost of their property insurance this fall as changes to the town's insurance ratings take place. That word came to Wendell commissioners Monday night from fire Chief Brian Staples ...and more »
  
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• Blue Moon ‘Craft Beer’ Suit in California against MillerCoors Tossed

  17-06-2016 19:27
  
  MillerCoors LLC won the dismissal of a proposed class action lawsuit by a self-described beer aficionado who said the brewing giant tricked consumers into paying premium prices for Blue Moon by falsely portraying it as “craft beer.” U.S. District Judge …
  
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• BBDO New York Offers 'Dad Insurance' for AFI - AgencySpy

  17-06-2016 19:27 via adweek.com
  
  BBDO New York Offers 'Dad Insurance' for AFI
  AgencySpy
  BBDO New York launched a Father's Day spot as part of its “Insure Carefully, Dream Fearlessly” campaign for American Family Insurance (AFI) entitled “Dad Insurance for Fearless Dreams.” The spot follows the story of Mateo, whose father surprises him ...and more »
  
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• Philadelphia Insurance Renews Campaign to Plant 80K Trees

  17-06-2016 18:59
  
  Philadelphia Insurance Companies (PHLY) in Bala Cynwyd, Pennsylvania, announced that it is continuing its partnership this year with the Arbor Day Foundation with a goal of planting 80,000 trees for the second year in a row. PHLY reached its 2015 …
  
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• Number of Prescription Drugs Dispensed in West Virginia Expected to Decrease

  17-06-2016 18:59
  
  The number of prescription drugs being dispensed in West Virginia is on pace to drop to its lowest amount in five years. The number of controlled substances being dispensed is expected to fall to 268 million by the end of …
  
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• CAMICO to Offer Enhanced Coverage for CPA Firms Through New Berkley Company

  17-06-2016 18:56
  
  CAMICO, a CPA-directed program of insurance and risk management for the accounting profession, and Berkley Alliance Managers (BAM), a W. R. Berkley Company, have announced new insurance policies with enhanced coverage. Policies are issued by W. R. Berkley Insurance Group …
  
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• Louisiana Governor Signs Bill Hiking Max Fines for Texting While Driving

  17-06-2016 18:35
  
  Maximum penalties will be higher for violating state laws in Louisiana that ban texting or posting to social media sites while driving and that restrict cell phone use for young drivers. Gov. John Bel Edwards announced this week he had …
  
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• More Women Sue Baylor University over Handling of Rape Allegations

  17-06-2016 18:30
  
  Three more women filed a federal civil rights lawsuit against Baylor University on June 15, saying the school did nothing to help them after they reported being sexually assaulted on or near campus. The Baptist school in Waco, Texas, has …
  
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• EPIC Hires EY’s Millard as Risk Solutions Principal in New Jersey

  17-06-2016 18:28
  
  EPIC Insurance Brokers and Consultants, a retail property/casualty brokerage and employee benefits consultant, has hired Mark Millard as principal and senior producer for the EPIC Risk Solutions team. Millard will be based in EPIC’s Morristown, New Jersey, office and report …
  
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• 13-Vehicle Pile Up, 1 Fatality in Texas Panhandle Dust Storm

  17-06-2016 18:28
  
  Authorities say one traveler was killed and several were hurt in a 13-vehicle pileup during a dust storm in the Texas Panhandle. The Texas Department of Public Safety says the accident Wednesday night closed Interstate 40 near Conway, 30 miles …
  
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• Despite Losses, North Dakota Political Subdivision Insurance Fund Pays Off - Insurance Journal

  17-06-2016 18:27 via insurancejournal.com
  
  Despite Losses, North Dakota Political Subdivision Insurance Fund Pays Off
  Insurance Journal
  A 30-year-old self-insurance pool has been paying off well for North Dakota political subdivisions, despite large claim losses in 2015. “It's worked extremely well,” said Steve Spilde, chief executive officer of the North Dakota Insurance Reserve Fund.and more »
  
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• Despite Losses, North Dakota Political Subdivision Insurance Fund Pays Off

  17-06-2016 18:25
  
  A 30-year-old self-insurance pool has been paying off well for North Dakota political subdivisions, despite large claim losses in 2015. “It’s worked extremely well,” said Steve Spilde, chief executive officer of the North Dakota Insurance Reserve Fund. “We instituted a …
  
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• American Family Insurance Seeks Change in Corporate Structure

  17-06-2016 18:21
  
  American Family Mutual Insurance Co., headquartered in Madison, Wis., announced the filing of a plan to create a mutual holding company that it says would provide more flexibility to pursue customer-driven initiatives while preserving the company’s founding principle of policyholder ownership. …
  
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• Lockton Combines D.C., Northeast Operations

  17-06-2016 18:15
  
  Insurance broker Lockton announced that it will add its Washington, D.C., operations to a newly combined Lockton Northeast team. Michael Calabrese will remain as chairman and CEO of the expanded Lockton operations in the Northeast. Bob Connolly will continue as …
  
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• Trucking Company, Driver Face Criminal Charges in Georgia Crash that Killed 5

  17-06-2016 18:14
  
  A grand jury has indicted a tractor-trailer driver and his employer accused of causing a fiery interstate crash that killed five Georgia Southern University nursing students. The Bryan County grand jury on Wednesday indicted John Wayne Johnson of Shreveport, Louisiana, …
  
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• Church Mutual, Insight Worldwide Partner on Pre-Employment Screening

  17-06-2016 18:13
  
  Merrill, Wis.-based Church Mutual Insurance Co. announced it has partnered with Insight Worldwide to offer access to pre-employment screening for those who hire employees at senior living communities. Pre-screening applicants before engaging in an employment agreement helps ensure that new …
  
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• HDFC Standard Life in Talks to Buy Max Financial, Insurance Unit - Wall Street Journal

  17-06-2016 18:09 via wsj.com
  
  Wall Street Journal
  HDFC Standard Life in Talks to Buy Max Financial, Insurance Unit
  Wall Street Journal
  MUMBAI—HDFC Standard Life Insurance Co. Ltd. is in talks to acquire Max Financial Services Ltd. and its insurance unit, a deal that would create India's largest private life insurer. The companies said Friday the talks will focus on a potential deal ...
  Will HDFC-Max merger trigger more takeovers in insurance landscape?Economic Times
  Standard Life's Indian insurance venture in mega-mer
  
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• Insurance May Have You Covered, but It Might Not Be Worth It - New York Times

  17-06-2016 18:06 via nytimes.com
  Insurance May Have You Covered, but It Might Not Be Worth It
  New York Times
  Insurers that cater to the affluent regularly introduce new types of coverage to add to their property, automobile and excess liability policies. Credit Clockwise: Jean-Pierre Muller/Agence France-Presse-Getty Images; Nancy Borowick for The New York ...
  
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• Swiss Re Hikes Corporate Debt Holdings, Cuts Risky Government Bonds

  17-06-2016 18:01
  
  The European Central Bank has turned government bonds into one of the riskiest asset classes, prompting Swiss Re AG to move more of its investments into corporate debt, according to the reinsurer’s chief investment officer. “If you’re looking for a …
  
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• Massachusetts Considers New Rules for Duck Boats After Fatal Crash

  17-06-2016 17:55
  
  The parents of a woman who died in a crash involving a duck boat urged Massachusetts state officials on Wednesday to require new safety rules for the amphibious sightseeing vessels. Ivan and Martha Warmuth joined several lawmakers at the Statehouse …
  
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• Anheuser-Busch Sued by North Carolina Tribe for Using its Logo on Beer Coolers

  17-06-2016 17:53
  
  A Native American tribe in North Carolina is suing Anheuser-Busch, saying the beer company is illegally using the tribe’s logo. Media outlets reported the lawsuit was filed by the Lumbee Tribe of North Carolina this week in federal court. The …
  
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• California’s Commissioner is Asking U.S. to Stop Anthem-Cigna Deal

  17-06-2016 17:46
  
  California’s insurance commissioner wants the U.S. Department of Justice to block health insurer Anthem Inc.’s acquisition of Cigna Corp, saying he is concerned it will raise premiums in the state. California Insurance Commissioner Dave Jones, who does not have authority to …
  
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• Video-Sharing Site Vimeo Wins Appeal of Copyright Infringement Claim

  17-06-2016 17:45
  
  Video-sharing website Vimeo LLC cannot be held liable for copyright infringement for unknowingly hosting older music uploaded by its users, a U.S. appeals court ruled on Thursday, dealing a blow to record labels seeking broader protections. In a victory for …
  
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• AmTrust Acquires Total Program Management in New York

  17-06-2016 17:40
  
  AmTrust Financial Services Inc. announced that it has acquired Total Program Management LLC in Ronkonkoma, New York, for cash. Terms of the transaction were not disclosed. Founded in 2005, Total Program Management is a managing general agency focused on programs …
  
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• Viewpoint: Fiduciary Rule Fight Isn’t About the ‘Little Guy’

  17-06-2016 17:33
  
  The U.S. Chamber of Commerce wants you to believe it is looking out for the little guy in its fight against new government regulation of the retirement investment advice industry. But that is a facade – as one consumer advocacy …
  
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• The rise of cybercrime and the need for cyber ransom liability insurance - Healthcare IT News

  17-06-2016 17:29 via healthcareitnews.com
  
  Healthcare IT News
  The rise of cybercrime and the need for cyber ransom liability insurance
  Healthcare IT News
  With the growing frequency of cyberattacks, healthcare organizations are discovering the need for an extra layer of protection to cover the loss of funds incurred from a security breach. By Jessica Davis. June 17, 2016. 11:27 AM. Share. "Those with ...and more »
  
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• Zurich sells African insurer to rival - Business Insurance

  17-06-2016 17:27 via businessinsurance.com
  Zurich sells African insurer to rival
  Business Insurance
  Allianz S.E. has agreed to buy Zurich Insurance Group Ltd.'s Moroccan insurance business for €244 million ($347.9 million), Allianz announced Friday. Casablanca, Morocco-based Zurich Assurances Maroc generated €114 million ($162.5 million) in gross ...
  
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• Russian cyber gangs said linked to bank robberies worth millions

  17-06-2016 17:20
  
  Investigators have linked malware used by Russian and eastern European cyber-gangs to a string of bank heists that culminated in the record-breaking theft of $81 million from Bangladesh’s central bank.
  
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• Allianz’ PIMCO Axes Jobs in Response to Fall in Assets after Gross’ Exit

  17-06-2016 17:14
  
  Pacific Investment Management Co. cut its workforce by 68 people, or about 3 percent, and is offering buyouts as assets under management have fallen in recent years, according to a memo obtained by Bloomberg. “Like any responsible business, PIMCO constantly …
  
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• Pacific Gas in California Set to Face Jury over Pipeline Blast

  17-06-2016 16:43
  
  One of the country’s largest utility companies is set to face a jury in a criminal trial accusing it of obstructing investigators in the wake of a deadly pipeline explosion in the San Francisco Bay Area. The September 2010 blast …
  
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• Oregon Shakespeare Festival Insurer Breached Contract: Judge

  17-06-2016 16:38
  
  The Oregon Shakespeare Festival can go to trial or pursue a settlement under a judge’s ruling that an insurer should have covered damage and cancellations related to wildfire smoke. The Mail Tribune reported Judge Mark Clarke dismissed the festival’s claim …
  
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• 52 Workers at Washington Nuke Facility Checked for Vapor Exposure

  17-06-2016 16:35
  
  Two more workers at the Hanford Nuclear Reservation have received medical evaluations for possible vapor exposure at the former nuclear weapons production site. The Tri-City Herald reported that the workers said they had symptoms after smelling suspicious odors near the …
  
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• Allianz Plans to Purchase Zurich’s Moroccan Division for $275M

  17-06-2016 16:33
  
  Allianz Group plans to pay more than $275 million for Zurich Insurance’s Moroccan subsidiary. The deal for Zurich Assurances Maroc is expected to close at the end of 2016, pending regulatory approvals. Zurich’s sale of its Moroccan division follows a …
  
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• Oregon Glass Company Sued by Woman with Lung Cancer

  17-06-2016 16:32
  
  A 63-year-old woman has filed a lawsuit against a Portland, Ore. glass company, saying it caused her terminal lung cancer. Valerie Silva filed the lawsuit this week in U.S. District Court. Documents say she lives in Washington but works at a …
  
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• California Wildfire Grows, Fires Threaten Communities around West

  17-06-2016 16:20
  
  Hundreds of firefighters battled a 1,400-acre fire moving through coastal canyons in California on Thursday. Hot, dry weather across the Western U.S. challenged firefighters with blazes in Arizona and New Mexico. In California firefighters were forced to do battle with the …
  
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• 11 institutions trusted more by millennials

  17-06-2016 15:51
  
  Data security? Millennials trust these 11 institutions to safeguard their data more than Gen Xers, baby boomers and traditionalists combined.
  
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• Zurich to Sell General Insurance Operations in Taiwan to Hotai Motor - Insurance Journal

  17-06-2016 14:35 via insurancejournal.com
  
  Zurich to Sell General Insurance Operations in Taiwan to Hotai Motor
  Insurance Journal
  Zurich Insurance will sell its general insurance operations in Taiwan to Hotai Motor Co. Ltd., with the business to become part of the Hotai Group, subject to approvals and conditions from the supervisory regulator. Hotai Motor Co. Ltd. has become the ...and more »
  
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• Zurich to Sell General Insurance Operations in Taiwan to Hotai Motor

  17-06-2016 14:34
  
  Zurich Insurance will sell its general insurance operations in Taiwan to Hotai Motor Co. Ltd., with the business to become part of the Hotai Group, subject to approvals and conditions from the supervisory regulator. Hotai Motor Co. Ltd. has become …
  
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• Improper foundation modification results in crack growth

  17-06-2016 13:30
  
  The cause of the cracks and the time for development affect whether or not insurance coverage is extended or denied.
  
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• Cockpit Voice Recorder Retrieved from Doomed EgyptAir Flight

  17-06-2016 12:58
  
  Search teams retrieved the cockpit voice recorder from EgyptAir flight MS804 on Thursday in a breakthrough for investigators seeking to explain what caused the plane to plunge into the sea, killing all 66 people on board. The Airbus A320 crashed into …
  
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• Machine learning for UBI: An optimal path to insurance ratemaking?

  17-06-2016 12:30
  
  Learn how insured risk characteristics can be viewed differently through the lens of machine learning.
  
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• Supreme Court Limits Fraud Claims Against Federal Contractors

  17-06-2016 12:29
  
  The U.S. Supreme Court on Thursday imposed some limits on the kind of fraud claims that can be brought against federal contractors in a case involving a suit against one of America’s largest hospital operators over a woman’s death at …
  
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• CGSC Appoints Kilminster as Head of Strategy and Change

  17-06-2016 12:24
  
  Cooper Gay Swett & Crawford (CGSC), the London-based reinsurance, wholesale and specialty broker, announced the appointment of Wendy Kilminster as head of strategy and change. She takes up her role in September and will report to Andy Wallin, group commercial …
  
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