Insurance news

• Louisiana Medicaid Expansion Brings Insurance To Many New Orleans Musicians - NPR

  01-07-2016 22:29 via npr.org
  
  NPR
  Louisiana Medicaid Expansion Brings Insurance To Many New Orleans Musicians
  NPR
  Lisa Lynn Kotnik has been a singer on the New Orleans club circuit for more than 15 years. "I sang at Fritzel's for eight years," she says. "I sang at the Bombay Club for 15 years, I sang at Margaritaville — the list could go on and on and on." While ...and more »
  
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• People on the move in the P&C insurance industry: July 1, 2016

  01-07-2016 21:00
  
  News from Worldwide Facilities, Origami Risk and Insurity.
  
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• Airbnb Offers Insurance But Coverage Is Far From Comprehensive - Huffington Post

  01-07-2016 20:51 via huffingtonpost.com
  
  Huffington Post
  Airbnb Offers Insurance But Coverage Is Far From Comprehensive
  Huffington Post
  Airbnb hosts are covered by an insurance policy provided by the home-sharing service, but not everything is covered. The policy is hardly comprehensive and renters need to be aware of what is excluded if something were to happen that would warrant a ...
  
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• BMW teams up with Intel, Mobileye for autonomous car by 2021

  01-07-2016 18:22
  
  BMW is teaming up with chipmaker Intel and camera-software company Mobileye to bring self-driving cars to the road by 2021, becoming the first major automaker to set a specific date to produce a fully autonomous vehicle.
  
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• California School District Paying $10.5M in Chicken Suit Attack

  01-07-2016 18:13
  
  A California school district has agreed to pay $10.5 million to a former student who suffered brain damage when he was mobbed while wearing a chicken costume at a pep rally. Kern County High School District agreed to the settlement …
  
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• Blue Cross will stop selling individual insurance. - TwinCities.com-Pioneer Press

  01-07-2016 18:10 via twincities.com
  
  TwinCities.com-Pioneer Press
  Blue Cross will stop selling individual insurance.
  TwinCities.com-Pioneer Press
  It was a quiet announcement that landed with a big boom: Blue Cross Blue Shield would be pulling out of Minnesota's individual insurance market. The news last week sent insurance companies and customers alike scrambling, trying to figure out what the ...
  BREAKING: Blue Cross Blue Shield Arizona dumps 44000 Obamacare insurance exchange enrolleesPhoenix Business Journal (blog)all 39 n
  
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• Capital Insurance Group in California Names Janitschke Chief Actuary

  01-07-2016 17:56
  
  Monterey, Calif-based Capital Insurance Group has named Brian Janitschke chief actuary. His responsibilities will include directing the actuarial functions. As a member of the executive team, he also will be accountable for carrying out the company’s business strategy, operational goals and …
  
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• California Commissioner Issues Cease and Desist Order to Applied

  01-07-2016 17:43
  
  California Insurance Co. and Applied Underwriters Captive Risk Assurance Company Inc., two Berkshire Hathaway companies, were issued a cease and desist order from the California Department of Insurance following Insurance Commissioner Dave Jones’ decision in the Shasta Linen case that …
  
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• Atlantic hurricane outlook raised by Colorado State forecasters

  01-07-2016 17:35
  
  Colorado State University edged up its seasonal Atlantic hurricane forecast to 15, three more than in an average year.
  
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• California Earthquake Authority Wins Top Marketing Award

  01-07-2016 17:32
  
  The California Earthquake Authority won the SAMMY Award for “overall Best of Show” at the 58th Annual Insurance Marketing & Communications Association Showcase Awards Gala. The SAMMY Award was voted on by attendees at the 2016 IMCA Annual Conference in …
  
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• PCI Urges California Governor to Sign Insurance Bill on the Sharing Economy

  01-07-2016 17:27
  
  The Property Casualty Association is urging California’s governor to sign a bill approved by the Legislature to ensure homeowners and renters offering rooms for rent on hosting platforms like Airbnb and Home Away understand what insurance coverage they have. Senate …
  
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• Colorado State Ups Atlantic Hurricane Forecast to 15 Storms

  01-07-2016 16:48
  
  Colorado State University edged up its seasonal Atlantic hurricane forecast to 15, three more than in an average year. The new prediction is that six of those storms will become hurricanes and two will grow into major systems with winds …
  
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• 2 Maine Teens Who Stole 8 Cars Caught Breaking Into 9th, Police Say

  01-07-2016 16:33
  
  State police say two 15-year-old boys stole eight cars and caused $50,000 in damage to some of the vehicles and the Litchfield Fairgrounds. The Kennebec Journal reported that police say the teenagers, of Farmingdale and Whitefield, were arrested Wednesday after …
  
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• Pham Named GEICO VP for Virginia, North Carolina

  01-07-2016 16:00
  
  GEICO has named John Pham vice president of its regional operations in Virginia Beach. Pham will oversee all business functions for Virginia and North Carolina insureds, as well as GEICO’s military, motorcycle and recreational vehicle divisions. Pham joined GEICO in …
  
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• Connecticut AG Says 4 Insurers Agree to Financing Fix for Crumbling Concrete Foundations

  01-07-2016 16:00
  
  Homeowners in Connecticut are getting some help for crumbling foundations. Connecticut Attorney General George Jepsen said the state has reached a deal with a handful of insurance companies to finance a program meant to compensate affected homeowners. The program is …
  
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• Mass. Senate Passes Ridesharing Bill; Lawmakers Must Reconcile with House Bill

  01-07-2016 15:47
  
  The Massachusetts Senate has passed a bill to regulate ride-hailing services like Uber and Lyft. The legislation approved Wednesday on a 34-2 vote would require drivers to undergo criminal background checks and carry insurance policies of at least $1 million. …
  
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• Barraclough Named President of Admiral Insurance, Succeeding Zeitman Who Becomes Chairman

  01-07-2016 15:15
  
  W. R. Berkley Corp. announced the appointment of Scott R. Barraclough as president of its excess and surplus lines insurer, Admiral Insurance Barraclough is succeeding Steven S. Zeitman, who has been named chairman. The appointments are effective immediately. Barraclough joined …
  
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• As more insurance professionals retire, how will insurers replace their expertise?

  01-07-2016 15:00
  
  Lawyers will probably replace liability adjusters, engineers will take over for property adjusters, and nurses will handle injury claims.
  
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• Brennan to Lead Zurich’s UK General Insurance Unit, Succeeding Sharma

  01-07-2016 14:53
  
  Zurich announced that Conor Brennan has been appointed head of its UK General Insurance business, and will take up this role from the end of July. Brennan and newly appointed head of Zurich’s UK Life business Anne Torry, will report …
  
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• Global Warming Insurance Requires Reasonable Premiums - Forbes

  01-07-2016 14:33 via forbes.com
  
  Forbes
  Global Warming Insurance Requires Reasonable Premiums
  Forbes
  Global warming advocates are increasingly claiming carbon dioxide restrictions are a prudent and conservative insurance policy against severe global warming. Insurance policies, however, are only prudent and conservative when the price of the premiums ...
  
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• Bermuda Market Associations Allay Fears of Brexit Contagion

  01-07-2016 14:24
  
  Four leaders of Bermuda market groups quickly issued statements last week to allay any fears that the fallout from the UK’s Brexit vote would hit their market as well. “In a global economy, Bermuda is affected, like other nations, by …
  
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• July 4th brings increased opportunities for cargo theft

  01-07-2016 14:00
  
  Long holiday weekends give thieves significantly more lead times and greater opportunities to strike. Here are some best practices to have a safe Fourth of July holiday and keep those motors humming.
  
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• U.S. Issues Call for Urgent Repairs on 300,000 Hondas, Acuras with Takata Air Bags

  01-07-2016 13:56
  
  U.S. auto safety regulators warned on Thursday that Takata air bag inflators on more than 300,000 unrepaired recalled Honda vehicles show a substantial risk of rupturing, and urged owners to stop driving the “unsafe” cars until they have been fixed. …
  
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• Regulators Investigating Fatal Collision of Tesla on Autopilot

  01-07-2016 13:42
  
  U.S. regulators are investigating a fatal accident involving a Tesla Motors Inc. sedan that was driving on autopilot, drawing scrutiny to a key technology the electric-vehicle maker is betting on for the future of self-driving cars. The crash involved a …
  
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• So-Called 'Hiddleswift' Break-Up Insurance Is Shut Down - NPR

  01-07-2016 13:32 via npr.org
  
  So-Called 'Hiddleswift' Break-Up Insurance Is Shut Down
  NPR
  China's online marketplace Taobao had been issuing insurance policies to protect against a Taylor Swift-Tom Hiddleston split. Alibaba, which owns Taobao, put an end to the policies. (SOUNDBITE OF SONG, "WE ARE NEVER EVER GETTING BACK ...
  
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• LexisNexis study finds fraudsters target multiple industries

  01-07-2016 13:30
  
  Mitigation professionals say sharing data would help combat fraud efforts.
  
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• Railroad Industry Being Left Behind in Drive to Autonomous Transportation

  01-07-2016 13:25
  
  Peter Mills sees an inconsistency. One arm of the U.S. Department of Transportation 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. “Anything that tilts the …
  
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• BHP to Fight $6B Civil Claim over Brazil Mining Disaster

  01-07-2016 13:19
  
  BHP Billiton on Friday said it would appeal against the decision by a Brazilian court to reinstate a $6 billion public civil claim over last year’s Samarco iron ore mine disaster. BHP and 50-50 joint-venture partner Vale had agreed on …
  
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• No coverage for water damage from frozen pipes as soon as tenants move out

  01-07-2016 13:15
  
  Unambiguous language in a 'change in condition' endorsement means that the property owner had no coverage for water damage from frozen pipes as soon as a building became vacant.
  
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• Are insurers viewing technology through rose-colored Google Glasses?

  01-07-2016 13:15
  
  Real-time video may be a better solution while the kinks in smart glasses get ironed out.
  
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• London Re/Insurance Market Will Weather Brexit Storm: Execs

  01-07-2016 12:12
  
  Brexit has created great uncertainty for the UK, the European Union and perhaps the world. Pretty much everyone agrees on that. But there is less agreement about how an EU exit will affect London’s financial center. It looks like the …
  
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• PartnerRe Reorganizes Business Units to Align with Client Needs

  01-07-2016 11:35
  
  PartnerRe Ltd. announced the formation of a new organizational structure, designed to provide increased value to its clients around the world. “The restructuring of PartnerRe’s business is aimed at better aligning its global expertise with the needs of its client …
  
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• Catastrophic Insurance Could Help With Long-Term Care Expenses: Studies - Kaiser Health News

  01-07-2016 11:04 via khn.org
  
  Kaiser Health News
  Catastrophic Insurance Could Help With Long-Term Care Expenses: Studies
  Kaiser Health News
  As aging baby boomers swell the ranks of elderly Americans, we're nowhere near a solution to providing the long-term care services many of them will need. Researchers at the Urban Institute have been examining the spending tradeoffs between two public ...and more »
  
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• Post-Brexit Market Rout Deepens UK Corporate Pension Deficits

  01-07-2016 11:03
  
  Record low gilt yields following Britain’s vote to leave the European Union are deepening UK pension deficits, worsening a headache for domestic companies which may be called upon to help fill the gap. Several years of ultra-low British interest rates …
  
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• Austin Area Amusement Park to Pay $20K to Settle Disability Discrimination Suit

  01-07-2016 08:39
  
  Austin’s FEC LLC and Austin Entertainment Center, LP d/b/a Austin’s Park N Pizza, a Pflugerville, Texas-based amusement park, has agreed to pay $20,000 and improve its workplace practices to settle a disability discrimination lawsuit filed by the U.S. Equal Employment …
  
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• GEICO Files RICO Lawsuit in Florida Over Alleged Fraudulent Claims

  01-07-2016 08:02
  
  GEICO has sued five Florida companies and six known individuals engaged in what it said was a complex scheme to submit hundreds of suspected fraudulent glass repair bills for payment. In the case, Government Employees Insurance Company, et al. v. …
  
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• XL Catlin Adds Levesque as Sr. Underwriter for Marine Business in Chicago

  01-07-2016 07:48
  
  Janelle Levesque has joined XL Catlin as a senior marine underwriter. She is based in Chicago. Levesque is responsible for inland marine business in the Midwest region, which includes Illinois, Wisconsin, Michigan, Ohio, Iowa, Indiana, Kentucky and Missouri. She previously …
  
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• XL Catlin Marine Business Unit Adds 3 in San Francisco

  01-07-2016 07:47
  
  XL Catlin hired Frank Basich as senior member of the XL Catlin marine underwriting team in San Francisco. Basich is responsible for inland marine business in the western states, exercising his 25-plus years of experience underwriting many commercial lines of …
  
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• Langenegger Joins XL Catlin in Dallas

  01-07-2016 07:44
  
  Shawn Langenegger has joined XL Catlin’s marine business unit in Dallas. He has 13 years of industry experience and joins from Allianz Global Corporate where he was inland marine team leader for the New Orleans, Houston and Dallas territories. Langenegger will …
  
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• Cleveland’s Insurance Bill for GOP Convention: $9.5M

  01-07-2016 07:43
  
  A city of Cleveland panel has authorized spending nearly $10 million to purchase $50 million in insurance to protect the city against claims during the Republican National Convention after a consultant concluded the city faces a higher risk than previously …
  
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• Data Shows 170 Motor Vehicle Deaths in Iowa 2016, So Far

  01-07-2016 07:41
  
  New data from the Iowa Department of Transportation shows 42 more people have died on Iowa roads in 2016 than at the same time last year. The Des Moines Register reports seven people were killed in traffic accidents over the …
  
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• Class-Action Suit Filed Against South Carolina Town Over Speeding Ordinance

  01-07-2016 06:48
  
  A class-action lawsuit has been filed against the Clarendon County, South Carolina town of Turbeville for its practice of charging speeders under an ordinance that allows the town to keep the fines rather than the state. The State newspaper in …
  
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• Universal Property & Casualty Expands Into Alabama Homeowners Market

  01-07-2016 06:40
  
  Universal Insurance Holdings, Inc. has been approved by the Alabama Department of Insurance to write homeowners insurance in the state through its subsidiary Universal Property & Casualty Insurance Company (UPCIC). The company reported that UPCIC has subsequently written its first …
  
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• Orlando’s Pulse Nightclub Exceeded Required Number of Required Exits

  01-07-2016 06:32
  
  One of the exits at the Pulse nightclub was inoperable weeks before the massacre of 49 patrons by a gunman on June 12, but the gay nightclub had twice the number of exits needed to accommodate its maximum occupancy of …
  
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• Orlando’s Pulse Nightclub Exceeded Number of Required Exits

  01-07-2016 06:32
  
  One of the exits at the Pulse nightclub was inoperable weeks before the massacre of 49 patrons by a gunman on June 12, but the gay nightclub had twice the number of exits needed to accommodate its maximum occupancy of …
  
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• Tennessee Reports $436M Economic Impact From Revamped Captive Insurance Act

  01-07-2016 06:25
  
  Tennessee-based captive insurance companies have created an estimated $436 million economic impact through direct and indirect spending related to new jobs, investments, and deposits, according to results of a recent annual survey given by the Tennessee Department of Commerce & …
  
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• Couple says change in insurance caused deadly delay in cancer treatment - KMOV.com

  01-07-2016 06:15 via kmov.com
  
  Couple says change in insurance caused deadly delay in cancer treatment
  KMOV.com
  George and Renae Helden's insurance policy was discontinued in the middle of George's treatment for cancer. George does not have much time left. Credit: KMOV. ST. LOUIS, Mo. (KMOV.com) – A couple says they may soon have to say their final goodbyes ...and more »
  
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• Berkley Life Sciences Launches Political Risk Coverage for Life Science Companies

  01-07-2016 06:13
  
  Berkley Life Sciences, a W. R. Berkley Company, has introduced political risk insurance for life science companies to address life science exposures faced by customers with assets or operations overseas. Life science companies of all sizes are increasingly exposed to …
  
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• Oklahoma High Court Validates Workers’ Comp Icy Sidewalk ‘Slip and Fall’ Claim

  01-07-2016 05:58
  
  The Oklahoma Supreme Court has reversed the decision of an Oklahoma Workers’ Compensation Commission administrative law judge (ALJ) and ruled that a workers’ comp claim for a slip and fall on an icy sidewalk next to an employer’s parking lot is …
  
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• Lawsuit filed by insurance companies seeks damages related to 2014 Rising Eagle Road Fire - Methow Valley News

  01-07-2016 02:22 via methowvalleynews.com
  Lawsuit filed by insurance companies seeks damages related to 2014 Rising Eagle Road Fire
  Methow Valley News
  Seven insurance companies that paid claims to cover property and vehicle losses in the 2014 Rising Eagle Road Fire have sued a Mazama couple whom they allege caused the fire through their alleged negligence in maintaining a utility trailer. The ...
  
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