Insurance news

• Pet Insurance Is Now the Hottest Employee Benefit - Fortune

  23-06-2016 22:43 via fortune.com
  
  Fortune
  Pet Insurance Is Now the Hottest Employee Benefit
  Fortune
  More employers are adding the coverage, partly to appeal to Millennials. If you hear more barking, snuffling, and whining than usual around the office this Friday, relax — it's just Take Your Dog to Work Day. This year is the 17th annual such occasion ...and more »
  
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• Jury Backs Led Zeppelin in ‘Stairway to Heaven’ Copyright Trial

  23-06-2016 20:25
  
  Led Zeppelin won’t have to share royalties from one of rock-and-roll’s masterpieces after a jury found guitarist Jimmy Page and singer Robert Plant didn’t steal the opening chords of “Stairway to Heaven” from an obscure 1968 instrumental. Thursday’s verdict followed …
  
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• 8 arrested in Florida workers’ compensation fraud sting

  23-06-2016 19:30
  
  Seven were booked on charges of workers’ compensation fraud and unlicensed contracting, the eighth for failure to hold a business license.
  
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• Selective Insurance Enhances Personal Watercraft Coverage

  23-06-2016 18:57
  
  Selective Insurance Company of America, a subsidiary of Selective Insurance Group, Inc., has launched new insurance coverage for personal watercraft and watercraft equipment, including discounts and options for enhancements. Selective’s expanded watercraft coverage offers the foundational liability, medical payments and …
  
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• OSHA: Crane Accident Kills North Dakota Oil Worker

  23-06-2016 18:50
  
  A worker was killed in a crane accident at an oil well site in western North Dakota, the Occupational Safety and Health Administration said. The incident, which happened late on June 20 near Ross in Mountrail County, was the second …
  
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• ERMI Launches Pollution Protection Product for M&A Transactions

  23-06-2016 18:45
  
  Environmental Risk Managers, Inc. (ERMI) has announced a new product to address exposures related to business & property transactions. The Mergers, Acquisitions, and Pollution Protection (MAPP) product combines representations & warranties (R&W) insurance with pollution liability insurance. R&W insurance is …
  
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• Michigan AG Sues 2 Engineering Companies over Flint Water Problems

  23-06-2016 18:39
  
  Michigan’s attorney general filed a civil lawsuit on June 22 against two water engineering companies, saying they caused and exacerbated Flint’s lead-tainted water crisis and demanding hundreds of millions of dollars in damages. Attorney General Bill Schuette sued Veolia North …
  
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• Louisiana Bill Lowers Citizens Insurance Assessment Tax Break

  23-06-2016 18:36
  
  Legislation awaiting the signature of Louisiana’s governor would significantly lower the amount of rebate property insurance policyholders would receive for assessments to cover the debts of the state’s property insurer of last resort. House Bill 25 was passed by Louisiana …
  
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• Missouri Woman Ordered to Pay $243K in Arson-for-Insurance Scheme

  23-06-2016 18:29
  
  An Independence, Mo., woman was sentenced to 31/2 years in prison without parole for an arson and insurance fraud scheme. Tina Shonk was also ordered to pay $242,717 in restitution to her victims and $62,364 to the government. Shonk pleaded …
  
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• Arkansas Woman Charged with Filing Nearly $250K in False Insurance Claims

  23-06-2016 18:26
  
  A Pulaski County, Ark., employee who processed insurance claims has been fired after being arrested and charged with filing false insurance claims for nearly $250,000. Authorities say 60-year-old Wanda Wyatt was a fleet records clerk who processed insurance claims for …
  
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• VW said to pay diesel owners up to $7,000, fund clean-air grants

  23-06-2016 17:40
  
  Lawyers for car owners are due to submit the proposed deal to the San Francisco federal judge overseeing U.S. lawsuits by June 28.
  
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• Gen Y customers want a better customer experience

  23-06-2016 17:30
  
  Interaction between a policyholder and the insurance company is frequently limited to the purchasing cycle, a model that does not resonate with the next generation of consumers.
  
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• Judge Allows Bulk of Starbucks Suit in California over Lattes to Proceed

  23-06-2016 17:26
  
  A federal judge is allowing the bulk of a lawsuit accusing Starbucks of systematically under-filling lattes to move forward. Two California residents are suing the Seattle-based coffee chain, claiming that Starbucks lattes are only filled to about 75 percent of …
  
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• Abuse Survivors in New Mexico Approve Diocese Settlement

  23-06-2016 17:21
  
  Victims of clergy sexual abuse have approved of a plan for the Gallup Diocese in New Mexico to dole out millions of dollars in compensation. The Albuquerque Journal reported that an attorney for 57 abuse survivors told a federal judge …
  
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• New Twist in Colorado Marijuana Debate: Why Not Allow Pot Clubs?

  23-06-2016 17:13
  
  Legal marijuana is giving Colorado a stinky conundrum. Visitors can buy the drug, but they can’t use it in public. Or in a rental car. Or in most hotel rooms. The result is something marijuana advocates and opponents feared – …
  
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• Worker Dies in Catwalk Fall at Amazon’s Arizona Facility

  23-06-2016 17:07
  
  Authorities say a worker who died last week after falling from a catwalk at the Amazon distribution center in Phoenix, Ariz. had a preexisting medical condition. Phoenix police say the incident occurred about 1:15 a.m. Friday. The woman was pronounced …
  
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• Munich Re U.S. Names Hochburger, Ludwig to Reinsurance Posts

  23-06-2016 16:46
  
  Munich Re U.S. has appointed Stephan Hochburger and Paul Ludwig as senior vice presidents and client executives for the Reinsurance Division. They will report to Steven Levy, president of the Reinsurance Division (RD), and serve on the RD executive leadership …
  
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• Massachusetts’ Rogers & Gray Acquires Albert Brock Co. on Nantucket

  23-06-2016 16:38
  
  Cape Cod, Massachusetts-based Rogers & Gray Insurance has acquired the independent insurance agency, Albert G. Brock Co., located on Nantucket Island. The newly formed entity will now be known as Brock Insurance, a division of Rogers & Gray. The Brock …
  
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• Insurers, Agents Together Need to Lower Distribution Costs: Berkley

  23-06-2016 16:24
  
  Partnership and greater efficiency will help lead the way to continued profitability for the property/casualty insurance industry despite a new level of uncertainty globally, according to William Berkley, executive chairman of the W.R. Berkley Corp. Economic and social trends are …
  
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• 2016's best and worst U.S. states for road trips

  23-06-2016 16:15
  
  Summer is here and it's time to hit the road ― just be more careful in certain states.
  
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• Lockton Names Spencer to Succeed Lumelleau as CEO in 2017

  23-06-2016 15:22
  
  Global insurance broker Lockton has chosen insider Glenn A. Spencer as its next president and chief executive officer, effective May 1, 2017. Spencer will succeed John L. Lumelleau, who has led Lockton as president and CEO since 2002 and through …
  
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• Meeting with Antitrust Official Key Moment for Anthem-Cigna Merger

  23-06-2016 14:47
  
  Anthem Inc. and Cigna Corp. are preparing for a showdown with senior Justice Department officials this week in their effort to persuade the government to allow the health insurers to combine, lest they wind up dueling in court over a …
  
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• Democratic Senators Oppose Health Insurer Mergers

  23-06-2016 14:36
  
  Seven Democratic senators urged the U.S. Justice Department on Wednesday to block two mergers of major health insurance companies, saying that the proposed deals would mean higher premiums and lower-quality healthcare for consumers. The department is reviewing Aetna Inc.’s $33 …
  
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• World Awaits Outcome of UK’s EU Referendum

  23-06-2016 14:34
  
  Britons were voting on Thursday on whether to stay in the European Union in a referendum that could change the face of Europe and is being nervously watched by financial markets and politicians across the world. A British exit, or Brexit, would …
  
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• Is there a winning personality type for top advisors?

  23-06-2016 13:45
  
  An AssetMark investigation looked at personality types to see if there were a specific set of characteristics among advisors that contributed to their success.
  
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• Neon Names Dolonen as Marine & Offshore Construction U/W

  23-06-2016 13:39
  
  Specialist Lloyd’s insurer Neon, formerly known as Marketform, has appointed Mireille Dolonen as Marine & Offshore Construction underwriter. With over 20 years of experience in the Marine & Offshore Construction space, Dolonen “will bring a wealth of expertise to Neon and …
  
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• Unique cyber risks your HNW clients’ kids face

  23-06-2016 13:30
  
  Social media sites are fun to use, but especially for the children of HNW clients, they’re rife with frightening, constantly evolving personal risks.
  
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• The story of compliance in the insurance industry: How we got here — Part 1

  23-06-2016 13:15
  
  In this three-part series, we'll explore the roots, realities and management needs of insurance compliance, beginning with its surprising regulatory history.
  
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• ‘Systemically Important’ Label Can Be Avoided: Fitch

  23-06-2016 13:03
  
  Fitch Ratings said that newly established transparency about the designation process for globally systemically important insurers (G-SIIs) could help more to proactively stay off the list in the first place. The International Association of Insurance Supervisors, a global standard setting …
  
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• Channel Syndicate Launches Innovation Division, Names Allen as Tech Head

  23-06-2016 12:16
  
  Channel Syndicate 2015 at Lloyd’s is launching an Innovation Division, which will further structure Channel’s activities and organization to explore new classes and opportunities outside its traditional portfolio. The Innovation Division will support Channel’s commitment to new technologies and its ambition …
  
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• Factbox: Weighing Value of Financial Services in UK Economy on Day of Brexit Vote

  23-06-2016 11:42
  
  Britain, Europe’s biggest financial hub, votes today on whether to stay in or leave the European Union. The country’s financial and professional services industries are considered as the most vulnerable to an exit from the 28-nation bloc although much depends …
  
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• Zurich Offers Post Cyber Attack Response Service in APAC

  23-06-2016 11:13
  
  Zurich Insurance has launched DigitalResolve, a coordinated incident response service to help businesses in Asia Pacific (APAC) mitigate and recover from cyber attacks. Offered through Zurich’s partner Crawford & Co., DigitalResolve helps organizations coordinate and manage resources so they can …
  
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• The importance of full insurance coverage - San Francisco Examiner

  23-06-2016 10:00 via sfexaminer.com
  
  San Francisco Examiner
  The importance of full insurance coverage
  San Francisco Examiner
  To be “fully covered” means you own an insurance policy containing all five types of automobile insurance. (Courtesy photo). By Christopher B. Dolan on June 23, 2016 1:00 am. Facebook · twitter · google_plus · mail · Facebook · twitter · google_plus ...and more »
  
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• 3K Cases of Beer Stolen from Atlanta Brewery

  23-06-2016 08:17
  
  A mystery is brewing in Atlanta, where someone stole an ocean of beer. A brewery in the city says nearly 3,300 cases of beer went missing when two of its refrigerated trailers were stolen. SweetWater Brewing Co. said the trailers …
  
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• Florida Workers’ Comp Fraud Sting Ends with 8 Arrests

  23-06-2016 08:14
  
  A multi-agency undercover workers’ compensation sting in Polk County, Fla., led by the Florida Department of Financial Services’ (DFS) Division of Insurance Fraud (DIF), led to the arrests of eight individuals, according to a statement from DFS. The eight individuals …
  
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• Sisters’ Lawsuit Against Pennsylvania Diocese Claims Sex Abuse by Priest

  23-06-2016 08:00
  
  Two sisters have sued a Catholic priest, his central Pennsylvania diocese and two ex-bishops who supervised him, saying the cleric molested them repeatedly as girls — including one at her first Communion party. The younger sister, who is now 47, …
  
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• Family Alleges Maryland Security Guards Chased Shoplifter to Death

  23-06-2016 07:30
  
  The family of a suspected shoplifter who drowned after running from Arundel Mills mall security officers is suing the shopping center’s security staff for allegedly chasing him to his death. The Capital reports Tavon Talley’s family filed the lawsuit against …
  
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• For Alper Services, Insurance Is Just the Beginning

  23-06-2016 07:09
  
  Though insurance is a major component of what it does, Chicago-based Alper Services doesn’t have the word “insurance” in its name for a reason. That’s because from the very beginning the company has aimed to be more than simply an …
  
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• Rhode Island Lawmakers Pass Ridesharing, Drone Bills

  23-06-2016 07:00
  
  Rhode Island’s legislature has passed a bill to legalize and regulate ride-hailing app companies such as Uber. The legislation was among hundreds of bills passed during an all-night session that ended Saturday. It would put Uber, Lyft and similar companies …
  
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• Florida’s Citizens Says AOB Abuse to Blame for Statewide Rate Increase of 6.8%

  23-06-2016 06:57
  
  Citizens Board of Governors has approved recommended rates for 2017 that equal an average rate increase of nearly 7 percent statewide. The company said the increase is a necessary response to rising non-weather water losses and assignment of benefit (AOB) …
  
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• McGhee Elected President of Arkansas Independent Agents Insurance Group

  23-06-2016 03:27
  
   Bill McGhee, of McGhee Insurance Inc., in Little Rock, Ark., has been elected president of the Independent Insurance Agents of Arkansas. McGhee previously served on the IIAA executive committee and board of directors. Other elected officers include: President-Elect Mike Luttrell …
  
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• Wisconsin Commissioner Approved for IAIS Leadership Role

  23-06-2016 03:22
  
  Wisconsin Insurance Commissioner Ted Nickel was approved as a member of the Executive Committee of the International Association of Insurance Supervisors (IAIS). Tennessee Insurance Commissioner Julie Mix McPeak was elected vice-chair of the Executive Committee. Texas Insurance Commissioner David Mattax …
  
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• B&H Risk Services Adds Abbate in Houston

  23-06-2016 03:20
  
  B&H Risk Services has hired Kate Abbate to focus on business development in Houston and San Antonio. Experienced in insurance underwriting and brokering, Abbate joined B&H Risk Services from Burns & Wilcox. Abbate is based in Houston. Source: B&H Risk Services
  
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• House Republicans Unveil Health-Insurance Proposal - Wall Street Journal

  23-06-2016 01:57 via wsj.com
  
  Wall Street Journal
  House Republicans Unveil Health-Insurance Proposal
  Wall Street Journal
  WASHINGTON—House Republicans Wednesday laid out their vision for repealing and replacing the Affordable Care Act, positioning themselves across several political fault lines in the process. In a 37-page proposal from House Speaker Paul Ryan and ...
  GOP health insurance plan would make workers pay tax on benefitsUSA TODAYall 96 news articles »
  
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• Led Zeppelin ‘Stairway to Heaven’ Copyright Case Goes to Jury

  23-06-2016 01:18
  
  The recollections of Led Zeppelin’s Jimmy Page and Robert Plant about events 45 years ago were questioned a final time before jurors were asked to decide who to believe about the genesis of the band’s classic “Stairway to Heaven.” Plant …
  
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• Around the P&C insurance industry: June 22, 2016

  23-06-2016 00:20
  
  News from Travelers, Mitchell, Integro and more
  
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