Insurance news

• 4 Surprising Things About Cell Phone Insurance - NerdWallet (blog)

  30-06-2016 23:57 via nerdwallet.com
  
  NerdWallet (blog)
  4 Surprising Things About Cell Phone Insurance
  NerdWallet (blog)
  Thankfully, you opted for cell phone insurance — but how much do you really know about your plan? You're probably aware that policies cover lost, stolen or damaged phones. What you might not know, however, could fill a book — and it would be a ...
  
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• Fatal crash of Tesla on autopilot under NHTSA investigation

  30-06-2016 23:55
  
  Tesla said that the fatal crash is the first known fatality in more than 130 million miles of Autopilot driving.
  
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• State among 'safest' according to insurance study - WTVA

  30-06-2016 23:41 via wtva.com
  
  State among 'safest' according to insurance study
  WTVA
  JACKSON, Miss. – Allstate Insurance Company released its 12th Annual Allstate America's Best Drivers Report®, which ranks America's 200 largest cities in terms of collision frequency. Jackson drivers moved up seven spots on the report to 107th safest city.and more »
  
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• Local insurance agency gives back - Mansfield News Journal

  30-06-2016 23:12 via mansfieldnewsjournal.com
  
  Local insurance agency gives back
  Mansfield News Journal
  MANSFIELD - Big Brothers Big Sisters of North Central Ohio received a grant from Westfield Insurance Foundation with the help of Rinehart-Walters-Danner Insurance Agency. The grant is part of the new Westfield Legacy of Caring program in which ...
  
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• A Financial Advisor's Life Insurance Tips for Millennials - NerdWallet (blog)

  30-06-2016 23:07 via nerdwallet.com
  
  A Financial Advisor's Life Insurance Tips for Millennials
  NerdWallet (blog)
  A low percentage of people ages 18 to 34 — along with their counterparts in the preceding Generation X — believe they are likely to ever purchase life insurance, according to a 2015 study by life insurance research group LIMRA. It's understandable ...and more »
  
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• Business interest in cyber liability insurance on the rise, but many Baton Rouge insurers still not up to speed - Greater Baton Rouge Business Report

  30-06-2016 22:43 via businessreport.com
  
  Business interest in cyber liability insurance on the rise, but many Baton Rouge insurers still not up to speed
  Greater Baton Rouge Business Report
  Louisiana Commissioner of Insurance Jim Donelon says there are three kinds of businesses: Those that have experienced a data breach and know about it, those that have been breached but don't realize it, and those that haven't been breached yet but will.
  
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• The fascinating facts about immigrants and health insurance - Fox News

  30-06-2016 22:37 via foxnews.com
  
  Fox News
  The fascinating facts about immigrants and health insurance
  Fox News
  Immigration has been much in the news lately, with the Supreme Court deadlock blocking President Obama's immigration reform program, California's move to try to extend participation in their state health exchange to undocumented immigrants, and the ...and more »
  
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• Local cops at U.S. airports called insufficient to deter terror

  30-06-2016 22:25
  
  Unlike many other countries with national police forces patrolling airports, the responsibility in the U.S. falls largely on a patchwork of state and local law enforcement agencies.
  
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• Queens Lawmakers Propose Insurance Discounts for Drivers with Dashboard Cameras - NY1

  30-06-2016 22:22 via ny1.com
  
  NY1
  Queens Lawmakers Propose Insurance Discounts for Drivers with Dashboard Cameras
  NY1
  State Senator Jose Peralta and Assemblymember Alicia Hyndman introduced legislation Thursday that would give drivers of non-commercial vehicles insurance discounts if they install and operate a dashboard camera. They say it is part of an effort to ...
  
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• NHTSA says 313,000 Honda vehicles have high-risk Takata air bags

  30-06-2016 21:55
  
  Owners of about 313,000 Honda and Acura vehicles from the 2001 to 2003 model years should have defective Takata air bags replaced immediately.
  
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• Pilot errors led to fatal Taiwan TransAsia crash, probe finds

  30-06-2016 20:40
  
  The TransAsia plane that crashed in Taipei last year went down after its pilots failed to take the right actions following a series of contributing factors including an engine fault, investigators found.
  
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• NY Lawmakers Propose Insurance Discount For Dash Cam-Equipped Cars - CBS Local

  30-06-2016 20:23 via newyork.cbslocal.com
  
  CBS Local
  NY Lawmakers Propose Insurance Discount For Dash Cam-Equipped Cars
  CBS Local
  NEW YORK (CBSNewYork) — Some Queens lawmakers are proposing a new bill that would slash insurance costs for drivers who have working dashboard cameras installed in their vehicles. Insurance discount for a #dashcam? @CBSNewYork at 6.
  
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• 95% of Post-Recession Jobs Went to College Educated: Study

  30-06-2016 19:54
  
  Out of the 11.6 million jobs created in the post-recession economy, 11.5 million went to workers with at least some college education, according to newly research from the Georgetown University Center on Education and the Workforce. Of these jobs, 8.4 …
  
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• Three-quarters of U.S. drivers say they’d cede wheel to robot

  30-06-2016 19:46
  
  Almost three-quarters of U.S. drivers are eager to replace the daily commute’s drudgery with a self-driving car and 80% say they would pay extra to have a robot take the wheel, according to a new survey.
  
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• Driverless fever is everywhere except in one logical industry: railroads

  30-06-2016 19:20
  
  One arm of the U.S. DOT is recommending two-person crews be required for freight trains as another plans to spend billions to help develop driverless technology for long-haul trucks.
  
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• Worldwide Facilities Hires Begnaud as Sr. VP, Broker in Houston

  30-06-2016 18:35
  
  National wholesale insurance broker and managing general agent, Worldwide Facilities LLC, has added Matthew Begnaud in Houston office as senior vice president and broker. Begnaud has more than 10 years of industry experience. Before joining Worldwide Facilities, Begnaud served as …
  
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• As Texas Train Wreckage Smolders, BNSF Says Technology May Have Prevented Crash

  30-06-2016 18:34
  
  Wreckage from a train collision continued to smolder on June 29 in the Texas Panhandle as workers prepared to remove the charred, twisted box cars from the tracks and renew their search for three missing crew members. Three BNSF Railway …
  
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• Lawn Equipment, Farm Implements Targeted by Thieves in Michigan

  30-06-2016 18:30
  
  Authorities say commercial lawn equipment, farm implements and construction equipment are being targeted by thieves in Michigan. State police Detective Sgt. Todd Petersen tells the Kalamazoo Gazette that dealerships, with large lots and sometime lax security, are frequent targets of …
  
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• Missouri Supreme Court Tosses Officer’s $7.5M Harassment Award on Technicality

  30-06-2016 18:25
  
  The Missouri Supreme Court has thrown out a $7.5 million judgment to a former St. Louis police officer who claimed her supervisor sexually harassed her, and that her complaints about the harassment resulted in retaliation. The ruling sent the case …
  
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• NFP Acquires Utah’s First West Brokerage Services

  30-06-2016 18:24
  
  National insurance broker and consultant, NFP Corp., has acquired First West Brokerage Services Inc. (First West), based in Orem, Utah. Founded in 1987, First West is a full service benefits insurance broker and consultant specializing in group health plans with …
  
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• July 4th weekend traffic deaths seen jumping to highest since 2008

  30-06-2016 18:24
  
  On average, July 4 was the deadliest day on the road from 2010 through 2014, followed by Jan. 1, according to the Insurance Institute for Highway Safety.
  
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• Sompo Canopius & Mexico’s GNP Form Strategic Partnership

  30-06-2016 18:02
  
  Sompo Canopius AG and Mexico’s Grupo Nacional Provinical SAB formed a strategic partnership. This arrangement will help both parties to develop new business and insurance products for the Mexican market, “capitalizing on GNP’s position as a leading domestic insurer and Sompo …
  
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• Hertz signs deals with Uber, Lyft to supply cars to drivers

  30-06-2016 17:47
  
  The announcements come amid a flurry of partnerships between automakers and ride-hailing services as demand grows for quick-access vehicles.
  
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• Lockton appoints internal candidate as new president and CEO

  30-06-2016 17:33
  
  The new president and CEO, Glenn A. Spencer, will succeed John L. Lumelleau, who will continue as president and CEO, working closely with Spencer on the leadership transition until his retirement at the end of Lockton’s fiscal year, April 30, 2017.
  
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• Posse's lack of liability insurance tops commissioners' meeting - The Courier-Express

  30-06-2016 17:16 via thecourierexpress.com
  
  Posse's lack of liability insurance tops commissioners' meeting
  The Courier-Express
  CLEARFIELD — Concerns about who would be responsible to cover potential liabilities created by Clearfield County Sheriff Wes Thurston's Volunteer Posse were raised at Tuesday's Clearfield County Commissioners meeting. Charlie Lomabardo questioned ...
  
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• Is the health insurance balloon about to pop? - Employee Benefit Adviser (registration)

  30-06-2016 17:05 via employeebenefitadviser.com
  
  Employee Benefit Adviser (registration)
  Is the health insurance balloon about to pop?
  Employee Benefit Adviser (registration)
  Reading the headlines about Obamacare lately, you can't miss the articles about how 2017 is going to bring significant increases in healthcare costs. Here is one from The New York Times: “The Pennsylvania Insurance Department says insurers have ...
  Balancing act: providing grad student health insurance and complying with Affordable Care ActInside Higher Edall
  
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• AIG names JPMorgan’s Lewis digital chief in CEO Hancock’s tech push

  30-06-2016 17:03
  
  AIG named Michael Lewis chief digital officer as the company turns to technology to simplify operations and gain an edge against smaller rivals.
  
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• How A Pa. Manufacturer Made Everybody Happy By Dropping Health Insurance - Forbes

  30-06-2016 17:01 via forbes.com
  
  Forbes
  How A Pa. Manufacturer Made Everybody Happy By Dropping Health Insurance
  Forbes
  The Affordable Care Act was sold with a famous promise: if you like your health insurance, you could keep it. And while that has been largely true for employees who work for big companies, which have mostly maintained their health coverage, small ...
  
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• Barry Zalma has made his mark on fraud, insurance and the law

  30-06-2016 17:00
  
  Most individuals who work in the insurance industry started in another profession, and this year's Legend Award winner is no exception.
  
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• Even with Rescue, Puerto Rico Default Likely; Insurers Still at Risk for Millions

  30-06-2016 15:58
  
  Investors in Puerto Rico’s debt-burdened economy still face risks of default on some of the island’s $70 billion in debt even after the U.S. Congress on Wednesday created a powerful federal oversight board to manage credit restructurings. U.S. President Barack …
  
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• Cleveland to spend $9.5M on insurance for GOP convention - Philly.com

  30-06-2016 15:45 via philly.com
  
  Philly.com
  Cleveland to spend $9.5M on insurance for GOP convention
  Philly.com
  Work continues on the main stage for the Republican National Convention on June 28, 2016, in Cleveland. by MARK GILLISPIE, The Associated Press. MARK GILLISPIE. The Associated Press. CLEVELAND (AP) - A city of Cleveland panel on Wednesday ...
  Cleveland takes out $50 million 'protest insurance' over RNC security fearsRT
  Cleveland Takes Out $50 Million "Protest Insurance" Policy For RNCReason (blog)
  Cleveland take
  
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• 2016’s best and worst cities for 4th of July celebrations

  30-06-2016 15:30
  
  Are you and your clients celebrating the Fourth of July at one of the best U.S. cities for Independence Day revelry?
  
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• Insurance Office of America Acquires Hornung Agency in Delaware

  30-06-2016 15:12
  
  Insurance Office of America (IOA) of Longwood, Florida, has acquired Thomas J. Hornung & Associates, an independent insurance agency in the Wilmington, Delaware area. Thomas J. Hornung, who founded the agency in 1997,  and all employees will join the IOA …
  
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• Hard Hat Saved Life of Construction Worker at Syracuse Site

  30-06-2016 15:04
  
  Police said a worker’s hard hat likely saved his life after he was hit by a falling steel beam at a suburban Syracuse, New York construction site. Officials told  The Post-Standard of Syracuse that officers responded around 11 a.m. Monday …
  
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• New York’s High Court Rules on Joint Duty to Warn of Asbestos Danger

  30-06-2016 15:00
  
  New York’s highest court has upheld court judgments against a steam valve manufacturer, citing its failure to warn of the dangers of using its valves with gaskets and packing that contain asbestos. The Court of Appeals rejected Crane Co.’s argument …
  
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• Judge: Delaware’s Aggressive Abandoned Property Practices Violate Due Process

  30-06-2016 14:43
  
  A federal judge this week blasted Delaware’s practice of collecting abandoned property, issuing a ruling that could have dire budget consequences for the state. U.S. District Court Judge Gregory Sleet said Delaware’s abandoned property, or escheat, practices violate due process …
  
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• How Medical Schools Are Altering Their Training to Address Opioid Epidemic

  30-06-2016 14:36
  
  At first, the woman tried to hide her painkiller problem. She told the doctor that she still had pain from her past pregnancy, and that she just wanted a refill on her pain medication. After a few questions, though, she …
  
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• Uber Using Software to Track Drivers’ Behavior

  30-06-2016 14:17
  
  Using smartphone sensors to peek over its drivers’ shoulders, Uber is promising to keep a closer eye on their behavior — while discouraging speeding or slamming on the brakes. The global ride-hailing company on Wednesday announced an extensive test of …
  
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• 73% of U.S. Drivers Welcome Commuting with Robot Behind the Wheel: Survey

  30-06-2016 14:13
  
  Almost three-quarters of U.S. drivers are eager to replace the daily commute’s drudgery with a self-driving car and 80 percent say they would pay extra to have a robot take the wheel, according to a survey that contradicts other recent …
  
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• Possible hike in UI insurance costs a 'gut punch' - Champaign/Urbana News-Gazette

  30-06-2016 14:11 via news-gazette.com
  
  Champaign/Urbana News-Gazette
  Possible hike in UI insurance costs a 'gut punch'
  Champaign/Urbana News-Gazette
  URBANA — University of Illinois employees are being warned about a dark cloud looming over their health insurance benefits. Changes in coverage and costs could be imposed down the road on a retroactive basis to July 1 when the next state budget year ...and more »
  
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• NJM Elevates Livingston to Executive VP, Counsel; Announces 5 Other Promotions

  30-06-2016 13:30
  
  New Jersey property/casualty insurer NJM Insurance Group announced that Mitchell A. Livingston has been promoted to executive vice president and corporate counsel. Livingston, who is also a member of NJM’s board of directors, is responsible for leading the company’s strategic …
  
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• The story of compliance in the insurance industry: modern regulation — Part 2 - PropertyCasualty360

  30-06-2016 13:17 via propertycasualty360.com
  
  PropertyCasualty360
  The story of compliance in the insurance industry: modern regulation — Part 2
  PropertyCasualty360
  Over time, market conduct has become one of the most difficult areas for an insurance company to manage, as it can carry significant financial penalties. (Photo: Thinkstock). In this second of our three-part series chronicling compliance in the ...
  
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• The story of compliance in the insurance industry: modern regulation — Part 2

  30-06-2016 13:15
  
  Today’s regulatory oversight of insurance — still the purview of the states — is designed to maintain a competitive balance in the industry.
  
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• Hackers target smart phones and connected homes

  30-06-2016 13:15
  
  As the demand for new personal technology grows, it will create opportunities for the insurance industry to offer Cyber coverage to people and their homes, along with challenges.
  
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• 5 secrets to making larger sales

  30-06-2016 13:15
  
  Tailor your sales approach using these five strategies to set yourself apart as a top performer.
  
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• Zurich Buys MAA Takaful Berhad, Expanding in Malaysia Takaful Market

  30-06-2016 13:00
  
  Zurich Insurance Co. Ltd., a subsidiary of Zurich Insurance Group has completed the acquisition of MAA Takaful Berhad (MAAT), a leading provider of Takaful products in Malaysia, from MAA Group Berhad and Solidarity Group Holding BSC. The combination of MAAT’s …
  
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• Cooper Gay Appoints Hacker as Group Chief Innovation Officer

  30-06-2016 12:24
  
  Cooper Gay, the global reinsurance, wholesale and specialty broker, announced the appointment of Peter Hacker as group chief innovation officer. He takes up his role with immediate effect reporting to Steve Hearn, group CEO. Hacker will develop risk and advisory …
  
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• Legal Expert Assesses 4 Scenarios to Put Brakes on Brexit

  30-06-2016 11:40
  
  As continental powers pressure a nervous Britain to formally apply to exit the European Union, die-hard “remain” supporters are taking on the mission to put the brakes on the so-called Brexit. The challenge is formidable: Britons turned out en masse …
  
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• Allianz Set to Begin $3.3B Asia Property Push over Next 3 Years

  30-06-2016 11:02
  
  Allianz Real Estate is set to make its biggest Asian investment to date, in a first step toward adding as much 3 billion euros ($3.3 billion) of real estate in the region within three years. The $150 million pan-Asian fund …
  
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• Brexit, Climate Change and Clean Air

  30-06-2016 11:00
  
  What does the Brexit portend for all those collaborate efforts undertaken by the European Union to battle climate change? It’s a question a number of people were pondering – in Europe and in the U.S. – after last week when U.K. …
  
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