Insurance news

• 5 types of cyber attacks and how they can affect your business

  22-06-2016 23:47
  
  Cyber attacks come in many different forms, and the type of attack on any particular company depends on the type of information the intruder is looking for.
  
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• Blumenthal asks DOJ to block insurance mergers - CT Post

  22-06-2016 23:38 via ctpost.com
  
  Hartford Courant
  Blumenthal asks DOJ to block insurance mergers
  CT Post
  U.S. Sen. Richard Blumenthal, D-Conn., has decried two potential mega-mergers involving Connecticut insurance companies as “job killers” and “anti-consumer.” However, he wouldn't offer an opinion on charges of conflict of interest made against the ...
  Blumenthal, Senators Seek To Block Aetna, Cigna MergersHartford Courant
  Democratic senators ask Justice Department to block insurance megamergersReuter
  
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• Life Insurance for the HIV Positive - Huffington Post

  22-06-2016 23:29 via huffingtonpost.com
  
  Huffington Post
  Life Insurance for the HIV Positive
  Huffington Post
  David Rae Certified Financial Planner™, fiscal fitness maestro, making dollars and sense for the LGBT community and friends for over a decade. Author www.financialplannerla.com. 2016-06-21-1466536499-3117579-HIVLifeins2.jpg. Yes, you can get a life ...
  
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• Wounded deputy gets some insurance help - Lexington Clipper Herald

  22-06-2016 22:51 via lexch.com
  
  Lexington Clipper Herald
  Wounded deputy gets some insurance help
  Lexington Clipper Herald
  Deuel County Deputy Michael Hutchinson, who lost his county-provided family health insurance last month after being shot on duty last year, will receive a $1,500 stipend from the county. Hutchinson said he would use the money to pay for about 10 months ...
  Wounded deputy gets $1500 to help with health insuranceLincoln Journal Star
  Wounded deputy who lost health insurance will get one-time payment from Deue
  
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• Crawford & Co. Names Agadi President and CEO

  22-06-2016 22:04
  
  Atlanta-based international claims management firm Crawford & Co. has named Harsha V. Agadi president and CEO. He has served as interim president and CEO since August 2015. Agadi was named interim CEO last August when Jeffrey Bowman agreed to step …
  
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• Citizens insurance: Pay 9 percent more, Palm Beach County homeowners - MyPalmBeachPost

  22-06-2016 21:56 via mypalmbeachpost.com
  
  Citizens insurance: Pay 9 percent more, Palm Beach County homeowners
  MyPalmBeachPost
  Despite almost 11 years without a hurricane, one of Florida's two biggest insurers wants customers to pay an average of 6.8 percent more statewide — and Palm Beach County wallets are targeted for an even bigger hit. The average premium would jump 9 ...
  Citizens Property Insurance Board of Governors signs off on possible rate hikesThe Ledgerall 8 news articles »
  
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• A.M. Best Affirms Ratings of MAPFRE U.S.A. Corp.'s Insurance Subsidiaries - Business Wire (press release)

  22-06-2016 21:53 via businesswire.com
  
  A.M. Best Affirms Ratings of MAPFRE U.S.A. Corp.'s Insurance Subsidiaries
  Business Wire (press release)
  OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has affirmed the financial strength rating (FSR) of A (Excellent) and the issuer credit ratings (ICR) of “a” of the property/casualty members of MAPFRE U.S.A. Group (MAPFRE U.S.A). Concurrently, A.M. Best has ...and more »
  
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• Can a life-insurance policy offer investors a higher interest rate? - MarketWatch

  22-06-2016 21:34 via marketwatch.com
  
  MarketWatch
  Can a life-insurance policy offer investors a higher interest rate?
  MarketWatch
  Andrew Murdoch, CFP, is president of Portland, Ore.-based Somerset Wealth Strategies and a principal at Annuity FYI, an informational resource for annuity shoppers. Previously, Andrew was a wholesaler for Jackson National Life and a financial adviser ...
  
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• AXIS’ Pesce Joins Navigators to Launch Surety Unit

  22-06-2016 21:30
  
  Navigators Management Co., a division of the specialty insurance holding company The Navigators Group, has hired David Pesce to launch a new Contract and Commercial Surety department. Based in Iselin, New Jersey, Pesce will initially focus on contract and commercial …
  
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• GOP health insurance plan would make workers pay tax on benefits - USA TODAY

  22-06-2016 21:11 via usatoday.com
  
  USA TODAY
  GOP health insurance plan would make workers pay tax on benefits
  USA TODAY
  After six years of threats to repeal the Affordable Care Act, House Republicans released the broad outlines of what they would replace it with Wednesday and even business groups are uneasy. The sweeping policy proposal doesn't include any estimates of ...
  Illinois insurance co-op sues feds over health law paymentsMinneapolis Star Tribune
  Illinois insurance co-op is latest insurer to sue feds over ACA payme
  
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• Korean automakers lead, U.S. gains in J.D. Power quality study

  22-06-2016 20:05
  
  South Korean automakers Kia and Hyundai tightened their grip on the lead in U.S. new-vehicle quality with Kia ranked best in J.D. Power’s annual survey.
  
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• Why it pays to have renters insurance - KOIN.com

  22-06-2016 19:13 via koin.com
  
  KOIN.com
  Why it pays to have renters insurance
  KOIN.com
  FILE- In this Nov. 20, 2015, file photo, a rental sign is seen outside a property in Denver. The majority of U.S. renters are now older than 40, a fundamental shift over the past decade that reflects the lasting damage of the housing crash and an aging ...
  
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• How to Insure Your Nonprofit: Q&A with an Insurance and Risk Management Expert - Huffington Post

  22-06-2016 19:03 via huffingtonpost.com
  
  Huffington Post
  How to Insure Your Nonprofit: Q&A with an Insurance and Risk Management Expert
  Huffington Post
  Parker Beauchamp CEO of INGUARD. My personal portfolio focuses on clientele who require extremely complex insurance + risk management strategies. 2016-06-20-1466437993-8105658-NonprofitInsurance.jpg. Nonprofit executive directors face many ...
  
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• Ohio Insurance Agent’s License Revoked after $800K in Client Losses

  22-06-2016 18:50
  
  Ohio Lieutenant Governor Mary Taylor has revoked the license of insurance agent Brian Willms, of Dublin, for misrepresenting life insurance policies as an investment. The misrepresentations contributed to two clients losing a combined $800,000. The Ohio Department of Insurance found Willms, …
  
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• Minnesota Company Recalls 27 Tons of Chicken

  22-06-2016 18:40
  
  Minnesota-based GNP Company is recalling more than 27 tons of chicken after contaminants were detected. The company sells products under the Just BARE and Gold’n Plump brands. But it says the only affected product in grocery stores is the Just …
  
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• Ohio Bookstore Loses $1M in Inventory in Fire; 3 Injured

  22-06-2016 18:39
  
  Authorities say an estimated $1 million in inventory was lost in a bookstore fire that broke out twice within a few hours and injured three people in southwestern Ohio. Firefighters say a firefighter and two people inside the building in …
  
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• Global Indemnity to Redomicile from Ireland to Caymans

  22-06-2016 18:21
  
  Global Indemnity plc announced that its board of directors unanimously approved a plan to redomicile from Ireland to the Cayman Islands. Shareholders will be asked to vote in favor of completing the reorganization proposal at a special shareholders meeting. If …
  
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• Court: Brick must pay for hurt cop's insurance - Asbury Park Press

  22-06-2016 18:12 via app.com
  
  Asbury Park Press
  Court: Brick must pay for hurt cop's insurance
  Asbury Park Press
  BRICK - In a decision with statewide impact, an appellate court ruled that New Jersey's pension reform law does not intend for police officers who retire on disability to contribute to their health insurance costs. Judges Marie E. Lihotz, Douglas M ...
  
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• Electronics repair shops overbill for labor when the customer has insurance - Boing Boing

  22-06-2016 17:53 via boingboing.net
  
  Boing Boing
  Electronics repair shops overbill for labor when the customer has insurance
  Boing Boing
  The researchers sent secret shoppers into 61 Austrian repair shops, who then used identical scripts to seek repairs for machines with identical, deliberately introduced defects (a bad stick of RAM); half then claimed to be insured for the repairs and ...
  
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• Day and Mann Named to Board of Topa in California

  22-06-2016 17:39
  
  Michael Day and Judy Mann have been named to the board of Directors for Topa Insurance Group in California. Day was the chief financial officer for CSAA Insurance Group, a AAA Insurer, until his retirement in 2015. Mann was a …
  
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• Escobedo Named USI’s Senior Sales Executive in Utah

  22-06-2016 17:34
  
  USI Insurance Services has named Mark Escobedo its Salt Lake City, Utah, senior sales executive. Escobedo is responsible for managing the costs and coverages of property/casualty portfolios for a range of Utah companies. Escobedo was with Leavitt Group Insurance Advisors …
  
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• Foo Fighters Suing Lloyd’s in California over Concert Canceled after Paris Attacks

  22-06-2016 17:30
  
  The Foo Fighters are suing insurers for failing to reimburse them for European shows they cancelled following the Paris terrorist attacks in November. The suit, filed Monday in federal court in Los Angeles against underwriters with Lloyd’s of London and loss adjuster …
  
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• Following Two Days of Broken Western Heat Records Comes a Respite

  22-06-2016 17:26
  
  Residents of Southern California and the Southwest were looking for a break after some of the hottest weather in decades had utilities warning of power failures and cities opening pools and cooling centers. At least four hikers died in Arizona, …
  
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• California Commissioner Rules Against Applied Underwriters

  22-06-2016 17:09
  
  California Insurance Commissioner Dave Jones has again ruled in favor of a small business pitted against a Berkshire Hathaway-owned workers’ compensation insurer that allegedly used a complex insurance scheme to circumvent regulatory review of its rates and policy terms to …
  
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• When Hybrid Long-Term Care Insurance Makes Sense - NerdWallet (blog)

  22-06-2016 17:03 via nerdwallet.com
  
  When Hybrid Long-Term Care Insurance Makes Sense
  NerdWallet (blog)
  The prospect of debilitating illness late in life is not a pleasant one, but it's wise to protect yourself and your family from the financial hardships that could result from it. A common way to prepare yourself is by purchasing some form of long-term ...
  
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• New U.S. Rules Seen ‘Major Step’ for Drone Industry; Rules on Deliveries Still to Come

  22-06-2016 16:36
  
  The Obama administration is opening U.S. skies to more commercial drones with long-awaited regulations that the government hopes will spawn new businesses inspecting bridges, monitoring crops and taking aerial photography. In the most comprehensive set of rules yet for the …
  
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• U.S. Issues Final Commercial Drone Regulations

  22-06-2016 16:22
  
  The Federal Aviation Administration has finalized the first operational rules for routine commercial use of small unmanned aircraft systems or drones opening pathways towards fully integrating UAS into the nation’s airspace. The rule promises to generate more than $82 billion for …
  
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• Trip Cancellation Insurance: Why It's the New Must-Have for Traveling - TheStreet.com

  22-06-2016 16:12 via thestreet.com
  
  TheStreet.com
  Trip Cancellation Insurance: Why It's the New Must-Have for Traveling
  TheStreet.com
  Should you buy cancellation insurance? How about 'cancel for any reason' policies? Here are your answers. Robert McGarvey. Follow. Jun 22, 2016 10:05 AM EDT. Suddenly the new must-have among travelers is trip cancellation insurance, and that is ...
  
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• Bank Selling Hiscox Cyber Insurance to Its Business Customers - Insurance Journal

  22-06-2016 16:01 via insurancejournal.com
  
  Bank Selling Hiscox Cyber Insurance to Its Business Customers
  Insurance Journal
  Los Angeles-based Grandpoint Bank is now selling cyber insurance policies to its business customers to provide coverage for wire-transfer and cyber fraud. Grandpoint, which does business in California, Arizona and Washington, says it is the first bank ...and more »
  
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• Bank Selling Hiscox Cyber Insurance to Its Business Customers

  22-06-2016 16:01
  
  Los Angeles-based Grandpoint Bank is now selling cyber insurance policies to its business customers to provide coverage for wire-transfer and cyber fraud. Grandpoint, which does business in California, Arizona and Washington, says it is the first bank to market policies …
  
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• 3 Insurance Stocks to Buy Now - Investorplace.com

  22-06-2016 15:45 via investorplace.com
  
  3 Insurance Stocks to Buy Now
  Investorplace.com
  This week, 3 Insurance stocks are improving their overall rating on Portfolio Grader. Each of these rates an “A” (“strong buy”) or “B” overall (“buy”). The rating of Navigators Group, Inc. (NAVG) moves up this week, rising from a B to a A. Navigators ...and more »
  
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• Russian Cyberthief Pleads Guilty in $1.6M Heist of Broadway, Yankee Tickets

  22-06-2016 15:31
  
  A Russian ringleader of a group that fraudulently bought some of the hottest tickets in music, sports and theater by sneaking into StubHub users’ accounts pleaded guilty this week in a scheme involving over $1 million worth of tickets. Vadim …
  
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• Opioid Alternatives Can Be Hard to Find and Costly

  22-06-2016 15:24
  
  Ken Manning’s head is held up by two metal rods, four plates, and 17 screws in his neck. Since falling off a frame at a carpentry job in the early 2000s, he has had four surgeries, leaving his tanned neck …
  
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• Pittsburgh Newscaster Sues Station Over Firing for Facebook Comments

  22-06-2016 15:13
  
  A Pittsburgh newscaster fired after her comments in a Facebook post about a shooting were deemed racially insensitive sued her former employer on Monday, saying the television station let her go because she is white. Wendy Bell said her federal …
  
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• Uber Supports Having New Jersey AG Decide Driver Background Checks

  22-06-2016 15:09
  
  Ride-hailing company Uber says it supports allowing New Jersey’s attorney general to decide what type of background checks its drivers should have to use. Company spokesman Matt Wing told The Associated Press that the San Francisco-based company supports an amended …
  
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• Do you need more insurance? - New Jersey 101.5 FM Radio

  22-06-2016 15:03 via nj1015.com
  
  New Jersey 101.5 FM Radio
  Do you need more insurance?
  New Jersey 101.5 FM Radio
  Q. My wife and I have $1.5 million in term life insurance total. That will cover the bills if one of us dies. But I also want to leave an inheritance to our kids. Should we get more insurance? — Trying to plan. A. Leaving an inheritance to your ...
  
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• Small companies are moving to group health insurance for employees as individual plan costs rise - Greater Baton Rouge Business Report

  22-06-2016 14:49 via businessreport.com
  
  Small companies are moving to group health insurance for employees as individual plan costs rise
  Greater Baton Rouge Business Report
  Brian Keller, senior vice president and chief marketing officer for Blue Cross and Blue Shield of Louisiana, says the company has seen record sales of small group policies over the last six months. Photography by Collin Richie ...
  
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• Financial Watchdogs Caution on Risks of Marketplace Lending

  22-06-2016 14:44
  
  Hedge funds, banks and insurance companies have recently jumped into “marketplace lending,” drawing the attention of U.S. regulators, who said on Tuesday they are concerned that borrowing by consumers and small businesses through online platforms may pose risks to U.S. …
  
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• Computer repair shops take advantage of customers with insurance - Ars Technica

  22-06-2016 14:05 via arstechnica.com
  
  Ars Technica
  Computer repair shops take advantage of customers with insurance
  Ars Technica
  You might not guess that economists spend a whole lot of time thinking about auto mechanics, but they actually have a technical term for the service that the mechanics provide: credence goods. Credence goods are typically services where the person who ...and more »
  
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• Energi of Canada Offers P/C Energy Programs in West & Atlantic Canada

  22-06-2016 13:47
  
  Energi of Canada has launched property & casualty programs for energy business in parts of Western and Atlantic Canada. The new energy programs provide risk management solutions and insurance offerings for energy related risks in the following segments: Fuel distribution …
  
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• Moving out: Everything clients need to know about moving insurance

  22-06-2016 13:45
  
  Moving is chaotic. Make sure clients understand their moving insurance coverage options.
  
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• UK’s Insurance Act May Lead to More Intense Rate Competition: Fitch Wire

  22-06-2016 13:08
  
  A new U.K. law, designed to make it harder for insurers to dispute commercial insurance claims, could lead to more intense price competition and slimmer margins for the sector, according to Fitch Ratings. The Insurance Act, due to take effect …
  
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• Older Drivers Favor High-Tech Auto Features

  22-06-2016 12:48
  
  High-tech safety features have jumped to a high priority for older U.S. car-shoppers, who want to keep their freedom of mobility, a study released Tuesday reports. Among Americans 50 and up who plan to shop for a car in the …
  
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• Nationwide Insurance hit with $8 million bad faith judgment

  22-06-2016 12:30
  
  Nationwide faces bad faith judgment of more than $8.1 million for denying a claim from a fatal auto accident.
  
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• Lead generation traffic sources that produce results

  22-06-2016 12:30
  
  Not all lead-generation traffic sources are created equal. Here's a detailed explanation of old school vs. new school traffic sources.
  
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• Drivers get sore as car insurance premiums soar - CBS News

  22-06-2016 12:00 via cbsnews.com
  
  CBS News
  Drivers get sore as car insurance premiums soar
  CBS News
  Car insurers would probably never win a Miss Congeniality contest, but their popularity really took a dive in 2016 when they sent out their insurance premiums. In the latest annual industrywide customer satisfaction survey from J.D. Power, a global ...
  2016 US Auto Insurance Study: Large US Auto Insurers Drag Industrywide Customer Satisfaction Down Due to Price ...J.D. Power (press release) (blog)all 11 news articles »
  
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• Big numbers: Can China and Brazil surpass the U.S. in UBI adoption?

  22-06-2016 12:00
  
  Projections for growth in connected cars, population, and new vehicles on the road suggest a potential exists for UBI adoption to expand exponentially in China and Brazil.
  
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• 30 best paying college majors for 2016

  22-06-2016 12:00
  
  Want to help your young insurance clients make a smart decision about college? Choosing a major makes an even bigger impact on future earnings than deciding which school to attend.
  
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• Antares Launches Casualty Treaty Division with Appointment of Jarman

  22-06-2016 11:59
  
  London-based Antares, a member of the QIC Group, has launched a casualty treaty offering with the appointment of Neil Jarman as casualty treaty manager. Jarman takes up his new role with immediate effect, reporting to Kieran Oliver, non marine underwriting …
  
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• Brexit Would Create Extra Burden for Reinsurers, Caution CEOs

  22-06-2016 11:36
  
  While insurers and reinsurers will be able to deal with the aftermath of an exit of the U.K. from the European Union, the time and cost involved are unwelcome intrusions to the business, executives suggested here. Plan B might be …
  
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