Insurance news

• Customers say insurance company refuses to accept payments - WSB Atlanta

  27-06-2016 23:54 via wsbtv.com
  
  WSB Atlanta
  Customers say insurance company refuses to accept payments
  WSB Atlanta
  Georgia Insurance Commissioner Ralph Hudgens has sent a team of examiners to the Texas headquarters of Fred Loya Insurance, consumer investigator Jim Strickland has learned. The investigation was sparked by complaints that the company's local ...and more »
  
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• Even With Insurance, A Hospital Stay Will Cost You $1000 or More - NBCNews.com

  27-06-2016 23:10 via nbcnews.com
  
  NBCNews.com
  Even With Insurance, A Hospital Stay Will Cost You $1000 or More
  NBCNews.com
  Medical treatment is getting pricier every year, and a new study shows that patients are carrying a bigger and bigger share of the cost. It found that even people with health insurance pay, on average, more than $1,000 out of their pockets for a ...
  Even 'Good' Insurance Comes With Hidden Hospital BillsBismarck Tribune
  Even With Private Insurance, Out-of-Pocket Costs for Hospital Visits Shot Up 37%Bloomberg
  
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• Brexit May Delay Rate Hike: 6 Insurance Stocks to Stay Safe - Zacks.com

  27-06-2016 21:37 via zacks.com
  
  Brexit May Delay Rate Hike: 6 Insurance Stocks to Stay Safe
  Zacks.com
  Britain's unprecedented decision to leave the European Union (EU), the world's biggest trading block, has shaken the global financial markets. The result of the voting, which calls for U.K. exiting the EU after being with it for more than four decades ...and more »
  
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• Insurance discrepancy nixes flag memorial in Randolph - Washington Times

  27-06-2016 21:35 via washingtontimes.com
  Insurance discrepancy nixes flag memorial in Randolph
  Washington Times
  RANDOLPH, Maine (AP) - A lack of adequate liability insurance has put an end to a project honoring military veterans by flying American flags on utility poles in Maine's smallest town. The Kennebec Journal reports (http://bit.ly/295zxxq ) the Randolph ...and more »
  
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• You Can Now Buy 'Breakup Insurance' for Taylor Swift's Relationships - New York Magazine

  27-06-2016 19:28 via nymag.com
  New York Magazine
  You Can Now Buy 'Breakup Insurance' for Taylor Swift's Relationships
  New York Magazine
  A Chinese retailer has taken Taylor Swift's declaration that her relationships are “gonna be forever” or “gonna go down in flames” very literally and has started to offer Taylor Swift Relationship Insurance. Sellers on e-commerce website Taobao are ...
  China's biggest online marketplace is selling 'breakup insurance' for Taylor Swift's love lifeMashable
  A Website Was
  
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• Can You Afford To Skip Renters Insurance? - Forbes

  27-06-2016 19:24 via forbes.com
  
  Forbes
  Can You Afford To Skip Renters Insurance?
  Forbes
  Whether they're in Philadelphia, PA or Houston, TX, the first thing people think about when they rent a new place is getting renters insurance to protect their belongings, right? No, not really. Almost all homeowners have homeowners insurance — 95% of ...and more »
  
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• Austin Interstate 35 Rock Throwing Suspect Faces Felony Charges

  27-06-2016 18:55
  
  Court documents say a man suspected of throwing rocks at cars along Interstate 35 in Austin is facing three felony charges related to the incidents, one of which left a driver with brain damage. Authorities say 59-year-old Patrick Eugene Johnson …
  
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• Wisconsin Lawmaker Wants to Make Businesses Liable for Gun Injuries

  27-06-2016 18:49
  
  A Republican state lawmaker wants Wisconsin businesses to be held liable for any gun-related injuries that may occur on their premises. State Rep. Bob Gannon, of Slinger, says he plans to introduce the bill for the Legislature to consider in …
  
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• Texas Energy Exec Charged with Defrauding Investors

  27-06-2016 18:47
  A Texas energy company CEO dubbed the “frack master” is charged with defrauding investors of about $80 million, including misappropriating at least $30 million for personal expenses, including private jets and gentlemen’s clubs, to “maintain a lifestyle of decadence and …
  
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• Parish Officials Warn of Isolation for Louisiana Flood Buyout Refusal

  27-06-2016 18:43
  
  Rapides Parish officials are warning a handful of holdouts in south Alexandria, La., subdivisions that they could be isolated if they don’t accept federally-financed flood buyouts. Carrie Robinette, grant administrator for the Rapides Area Planning Commission, said officials have purchased …
  
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• Germany insurer: Hoarding cash in vaults seen more attractive after Brexit vote

  27-06-2016 18:40
  
  The aftershocks of the U.K.’s vote to leave the EU continue to reverberate across financial markets.
  
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• German insurer: Hoarding cash in vaults seen more attractive after Brexit vote

  27-06-2016 18:40
  
  The aftershocks of the U.K.’s vote to leave the EU continue to reverberate across financial markets.
  
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• Illinois Insurance Co-Op Sues Feds over ACA Payments - Insurance Journal

  27-06-2016 18:35 via insurancejournal.com
  
  USA TODAY
  Illinois Insurance Co-Op Sues Feds over ACA Payments
  Insurance Journal
  A struggling Illinois health insurance co-op is suing the federal government, claiming it is being shortchanged $72.8 million in promised payments under the Affordable Care Act. Chicago-based Land of Lincoln Health filed the lawsuit in the U.S. Court ...
  GOP health insurance plan would make workers pay tax on benefitsUSA TODAY
  How are Small Businesses Adapting to Health Insurance Increases?Clarifying Health (blog)a
  
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• Illinois Insurance Co-Op Sues Feds over ACA Payments

  27-06-2016 18:35
  
  A struggling Illinois health insurance co-op is suing the federal government, claiming it is being shortchanged $72.8 million in promised payments under the Affordable Care Act. Chicago-based Land of Lincoln Health filed the lawsuit in the U.S. Court of Federal …
  
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• J.M. Wilson Adds 2 in Underwriting Positions in Illinois

  27-06-2016 18:33
  Managing general agency and surplus lines broker, J.M. Wilson, has hired Chance Winke and Tim Frawley in underwriting positions in its Arlington Heights, Ill., office. Winke is an assistant in the transportation underwriting department and will serve independent insurance agents in Illinois, …
  
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• Takata deaths may hit 15 on Honda driver fatality in Malaysia

  27-06-2016 18:08
  
  The fatality is the third in three months involving Takata inflators in Honda cars in Malaysia and follows the death of a pregnant woman in July 2014.
  
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• Bring your chair to the table

  27-06-2016 17:40
  
  Women need to ask for opportunities and develop skills and experience that can help them serve on boards of directors.
  
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• NFP Completes Sale of Majority Stake in Kestra Financial to Stone Point Capital

  27-06-2016 17:31
  
  NFP, an insurance broker and consultant, has completed the sale of a majority stake in Kestra Financial (Kestra) to funds managed by Stone Point Capital LLC (Stone Point), a private equity firm focused on investing in the financial services industry. …
  
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• Millennials can't afford health insurance, adopt risky alternatives - CNBC (subscription)

  27-06-2016 17:13 via cnbc.com
  
  CNBC (subscription)
  Millennials can't afford health insurance, adopt risky alternatives
  CNBC (subscription)
  When Paul Yeager injured his neck and back in a car accident earlier this year, he didn't go to an emergency room or see a chiropractor. The financially strapped 30-year-old had just completed his master's degree, and he and his wife had recently had a ...
  
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• Firefighters Advance on California Blaze That’s Destroyed 200 Homes

  27-06-2016 17:08
  
  Fire crews are making inroads against a raging wildfire in central California that has claimed two lives and destroyed 200 homes. Roughly 2,000 firefighters were battling the blaze, according to officials. Federal fire officials said Sunday evening that containment on …
  
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• Mother of Oregon Child Strangled by Window Blinds Sues Apartment for $4M

  27-06-2016 17:02
  
  The mother of a 3-year-old girl who died after being strangled by a window blinds cord in a Clackamas County, Ore. apartment has filed a $4 million lawsuit. The Oregonian/OregonLive reported Sahrye Imani Hardy had been visiting a resident at …
  
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• Judge Dismisses Group of Lawsuits against Colorado Theater

  27-06-2016 16:58
  
  A federal judge has  dismissed a consolidated group of lawsuits brought against the owner of the Colorado movie theater where a gunman killed 12 people and wounded 70 others. Judge R. Brooke Jackson dismissed the lawsuits brought against Cinemark by several …
  
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• Judge in California Approves Lyft’s $27M Driver Settlement Deal

  27-06-2016 16:47
  
  A U.S. judge granted preliminary approval to ride service Lyft’s $27 million settlement of a class action lawsuit brought by California drivers who claimed they should be deemed employees instead of independent contractors. U.S. District Judge Vince Chhabria in San …
  
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• Wedding Vendors Account for Most Costly Claims: Travelers

  27-06-2016 16:46
  
  Problems with vendors amounted to 30 percent of claim payments for all wedding claims, according to Travelers Companies, Inc. which announced the findings of its recent analysis of wedding insurance claims from 2011–2015. Wedding venues going bankrupt, photographers failing to …
  
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• Wedding Vendors Account for Most Claims: Travelers

  27-06-2016 16:46
  
  Problems with vendors amounted to 30 percent of claim payments for all wedding claims, according to Travelers Companies, Inc. which announced the findings of its recent analysis of wedding insurance claims from 2011–2015. Wedding venues going bankrupt, photographers failing to …
  
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• China Close to Adopting Controversial Cyber Security Rules

  27-06-2016 16:25
  
  China moved closer on Monday to adopting a controversial cyber security law, after parliament held a second reading of the draft rules, which carry significant consequences for domestic and foreign business and threaten greater censorship. China enforces widespread controls over …
  
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• Will Trump embrace controversial House GOP health proposals? - Business Insurance

  27-06-2016 16:05 via businessinsurance.com
  Business Insurance
  Will Trump embrace controversial House GOP health proposals?
  Business Insurance
  After promising for six years to offer a bill to repeal and replace the Affordable Care Act, House Republican leaders last week presented a white paper that House Speaker Paul Ryan, R-Wis., called “a real plan, in black and white” to “make health care ...and more »
  
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• Deadliest U.S. flash flooding since 2010 hits West Virginia [photos]

  27-06-2016 15:00
  
  At least 24 people, including a toddler, have died and more than 500 homes have been severely damaged or destroyed in West Virginia after heavy rains caused historic flooding.
  
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• 32 P&C insurance companies on the 2016 Fortune 500 list

  27-06-2016 14:45
  
  The 62nd annual Fortune 500 list, a benchmark for business success, ranks companies by total revenue.
  
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• 32 P&C insurance companies on the 2016 Fortune 1000 list

  27-06-2016 14:45
  
  The 62nd annual Fortune 1000 list, a benchmark for business success, ranks companies by total revenue.
  
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• What does Google tell your prospects about you?

  27-06-2016 14:00
  
  Have you Googled your business? Your prospects probably have.
  
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• Data Theft by Employees Affects 69% of Businesses: Accenture Survey

  27-06-2016 13:23
  
  As businesses spend billions of dollars a year trying to protect their data from hacking that’s costing trillions, they face another threat closer to home: data theft by their own employees.  That’s one of the findings in a survey to …
  
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• RMS Updates Cat Models for Terrorism, Europe Windstorm & US Flood

  27-06-2016 11:18
  
  Global catastrophe risk management firm RMS has released version 16.0 of its catastrophe modeling platform, which includes updates to both the Europe Windstorm Clustering Model and Terrorism Modeling suite. Also included are the new Marine Cargo & Specie Model and …
  
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• A.M. Best Removes Ironshore from ‘Under Review’ Status

  27-06-2016 10:31
  
  A.M. Best has changed its mind about Ironshore, removing the Bermuda-based specialty insurer from its status as “under review with negative implications.” A year after initially taking action, the ratings agency has affirmed the financial strength ratings of “A” (Excellent) …
  
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• French & German Floods to Hit Insurers’ Earnings but Not Ratings: A.M. Best

  27-06-2016 10:00
  
  The earnings of French and German insurers during the first half of 2016 will be dampened by flood claims following storms Elvira and Friederike, which pounded the countries in quick succession between late May and early June, according to a …
  
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• Brexit or ‘Regrexit’? That Is Still the Question…

  27-06-2016 09:36
  
  To leave, or not to leave: that is the question. Still. After Britain’s historic vote to leave the European Union, there is no indication that a so-called Brexit will happen soon. It maybe never will. Prime Minister David Cameron, who …
  
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• Putting Drone Deliveries of Disaster Relief to the Test

  27-06-2016 08:00
  
  How to distribute lifesaving supplies quickly and safely after a natural disaster has long been a puzzle for responders. Now, drones might be the lifesaver. That idea was put to the test this week in New Jersey as a drone …
  
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• Pennsylvania Widow Blames Railroad Trestle for Husband’s Death

  27-06-2016 08:00
  
  A northeastern Pennsylvania woman is suing over a railroad trestle she contends is unsafe and led to her husband’s death on a dirt bike last year. Courtney Cruz contends her 29-year-old husband, Daniel, died when his bike fell through a …
  
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• Massachusetts Senate, House Ridesharing Bills Differ Over Airport Access

  27-06-2016 08:00
  
  A bill that would regulate ride-hailing services like Uber and Lyft, including requiring drivers undergo criminal background checks and mandate they carry insurance policies of at least $1 million, was unveiled last week by Massachusetts Senate leaders. Unlike a House …
  
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• How Led Zeppelin ‘Stairway’ Win Could Affect Music Copyright Liability

  27-06-2016 07:45
  
  Led Zeppelin’s victory over allegations the band stole the opening chords of “Stairway to Heaven” may reverse the swell in copyright infringement lawsuits over pop songs that followed last year’s “Blurred Lines” verdict. “‘Blurred Lines’ left everything wide open,” William …
  
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• Federal Disaster Declared in West Virginia from Historic Flooding, More Rain Expected

  27-06-2016 07:37
  
    The West Virginia counties of Greenbrier, Kanawha, and Nicholas have been declared federal disaster areas in the wake of severe storms that devastated the state and left 24 people dead and more than 100 homes destroyed, as of Sunday. …
  
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• New Hampshire Ridesharing Law Goes Into Effect

  27-06-2016 07:30
  
  A state law requiring criminal background checks on drivers of ride-hailing companies took effect this week with Democratic Gov. Maggie Hassan’s signature. The law also requires ride-hailing companies like Uber and Lyft to provide commercial insurance and have a zero-tolerance …
  
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• All Risks Adds New Classes for Occupational Accident Product

  27-06-2016 07:01
  
  All Risks, Ltd., an independent wholesaler, has added a variety of new classes for its occupational accident product, which is part of the Accident & Health division.  Classes that All Risks can offer occupational accident coverage now includes behavioral healthcare, …
  
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• USG’s Program Division Makes Staff Changes to Jacksonville, Florida Office

  27-06-2016 07:00
  
  Allied American Underwriters, a division of USG Insurance Services, Inc., has hired Valarie MacDonald as producer/broker, and Denise Brown as production assistant. In addition to these new hires, AAU has promoted Dasha Casey to producer/broker. All three will be based …
  
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• Mississippi Tractor Wheel Factory Gutted by Fire

  27-06-2016 06:30
  
  A fire at a factory in Tupelo, Miss., that makes lawn tractor wheels may have caused millions in damage. Local media report no one was injured by the fire at Custom Engineered Wheels, which broke out late Thursday. Officials say …
  
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• Judge Dismisses Distillery’s Trademark Case Against University of Kentucky

  27-06-2016 06:26
  
  A federal judge has dismissed an Appalachian distillery’s lawsuit in a trademark dispute with the University of Kentucky, but the moonshine maker vowed to fight on. The case pits the state’s flagship university against Kentucky Mist Moonshine, a small startup …
  
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