Insurance news

• XL says catastrophes cost $240 million, led by Canada fires

  13-07-2016 23:54
  
  The sum includes $140 million in the reinsurance segment and $100 million from primary coverage.
  
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• Around the P&C insurance industry: July 13, 2016 - PropertyCasualty360

  13-07-2016 23:46 via propertycasualty360.com
  
  PropertyCasualty360
  Around the P&C insurance industry: July 13, 2016
  PropertyCasualty360
  London-based Lloyd's insurance and reinsurance broker RFIB Group Ltd. announced it has rolled out a membership services business which provides insurance products for organizations with large memberships. The Minneapolis-based Insurance ...
  
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• No-fault insurance: Part Three - UpperMichigansSource.com

  13-07-2016 23:40 via uppermichiganssource.com
  
  UpperMichigansSource.com
  No-fault insurance: Part Three
  UpperMichigansSource.com
  MARQUETTE, Mich. (WLUC) The state of the car insurance system in Michigan isn't looking good. Premiums are the highest in the country, and one in five cars on the road is uninsured. The state of the car insurance system in Michigan isn't looking good.
  
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• Houston floods may increase car insurance rates - KHOU.com

  13-07-2016 22:40 via khou.com
  
  KHOU.com
  Houston floods may increase car insurance rates
  KHOU.com
  HOUSTON - Have you checked your mail today? There's a good chance you'll receive a letter from your auto insurance company alerting you to a change in your premium. On average, the Texas Department of Insurance has tracked a 2-4% increase in ...
  
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• Southern Colorado Wildfire Expected to Grow

  13-07-2016 22:22
  
  Firefighters were expecting a wildfire burning near Coaldale to grow Wednesday in dry, windy weather but crews are working toward getting the blaze contained near the town between Canon City and Salida. However, the Hayden Pass Fire, which has forced …
  
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• Disney CEO Iger Joins Los Angeles Bid for 2024 Olympic Games

  13-07-2016 22:18
  
  The chairman and CEO of The Walt Disney Co. is joining Los Angeles’ bid to land the 2024 Olympics. Bob Iger will serve as a vice chair of the bid committee’s board of directors, joining former Olympic champion swimmer Janet …
  
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• Oregon SAIF Program Returns $2.5M to Participating Businesses

  13-07-2016 22:14
  
  Oregon businesses that participate in the Associated General Contractors/SAIF Workers’ Compensation program will receive a $2.5 million retrospective return on their 2014-15 plan year premium, SAIF announced on Wednesday. Six hundred and sixty-five AGC employers in construction and related industries …
  
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• Oklahoma Labor Department: OSHA Penalties Rising Aug. 1

  13-07-2016 21:50
  
  The Oklahoma Department of Labor is warning businesses in that state that civil penalty amounts assessed by federal safety regulators for workplace safety violations are going up beginning Aug. 1. The Oklahoma DOL says Occupational Health and Safety Administration penalties …
  
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• College Students Need This Insurance, Hands Down - Huffington Post

  13-07-2016 21:38 via huffingtonpost.com
  
  Huffington Post
  College Students Need This Insurance, Hands Down
  Huffington Post
  About 20.2 million students attended a U.S. college or university in the fall of 2015 and some were without the insurance they needed. Depending on the individual student's circumstance, students this coming year might need to buy renters insurance and ...and more »
  
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• Insurance Information Institute names Sean Kevelighan president and CEO - PropertyCasualty360

  13-07-2016 20:32 via propertycasualty360.com
  
  PropertyCasualty360
  Insurance Information Institute names Sean Kevelighan president and CEO
  PropertyCasualty360
  Sean Kevelighan has been named president and CEO of the Insurance Information Institute effective Aug. 8. He brings with him more than 18 years of public affairs, communications and media relations experience, including leadership roles in the global ...
  Insurance Information Institute CEO tapped from ZurichBusiness Insuranceall 2 news articles »
  
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• Insurance Information Institute names Sean Kevelighan president and CEO

  13-07-2016 20:30
  
  I.I.I. has named Sean Kevelighan as its new president and CEO, replacing Dr. Robert Hartwig, who is heading to the Univ. of South Carolina business school.
  
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• Illinois seeks to shut down state Obamacare insurer; 49000 to lose insurance - Chicago Tribune

  13-07-2016 20:28 via chicagotribune.com
  
  Chicago Tribune
  Illinois seeks to shut down state Obamacare insurer; 49000 to lose insurance
  Chicago Tribune
  Jason Montrie, president and interim CEO of Land of Lincoln Health, says it's "frustrating that our consumers are being put in harm's way.” Jason Montrie, president and interim CEO of Land of Lincoln Health, says it's "frustrating that our consumers ...
  Failing Illinois Health Insurance Co-Op to Be Shut DownInsurance Journal
  Most Recent Closing Of Insurance Co-Op Leaves Some Custom
  
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• Fiat Chrysler offers $1,500 to find vehicles’ cyber soft spots

  13-07-2016 20:18
  
  Fiat Chrysler said it’s the first major automaker to offer a “bug bounty” reward program.
  
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• Bear Stearns’ insurers must face settlement reimbursement suit

  13-07-2016 19:58
  
  A New York state judge on Monday rejected a bid by a unit of Chubb Ltd. and other insurers to dismiss a suit filed by JPMorgan in 2009 seeking to force them to reimburse it for claims.
  
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• Sign of the times: Terrorism insurance for schools - Chicago Tribune

  13-07-2016 19:16 via chicagotribune.com
  
  Sign of the times: Terrorism insurance for schools
  Chicago Tribune
  When the New Lenox School District 122 planned to renew its property and liability insurance policy, the board realized that acts of terrorism were not covered. That sparked a discussion at a recent meeting, which resulted in board members voting to ...
  
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• Playing Pokémon Go? Here are 3 kinds of insurance you need

  13-07-2016 19:00
  
  If things get out of hand, the right coverage can help put the pieces back together.
  
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• GM must defend ignition-switch suits affecting used cars

  13-07-2016 19:00
  
  A federal appeals court upended General Motors Co.’s plan to shed hundreds of customer lawsuits over ignition switch defects.
  
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• Heritage Revokes 14.9% Rate Increase Filing for Florida Homeowners

  13-07-2016 18:34
  
  After review by the Florida Office of Insurance Regulation (OIR) and much criticism from Florida stakeholders, Florida-based Heritage Property & Casualty Company has withdrawn its request for an overall 14.9 percent increase of homeowners insurance rates in the state. The …
  
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• Allianz sees cyber premiums as fire insurance of 21st century - Reuters

  13-07-2016 18:25 via reuters.com
  
  Reuters
  Allianz sees cyber premiums as fire insurance of 21st century
  Reuters
  BERLIN The growing threat of hacking and a duty to protect data more stringently will accelerate demand for cyber insurance in Europe, insurer Allianz said on Wednesday, as it launched its first product aimed at Germany's small-to-medium-sized ...and more »
  
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• Zurich’s Kevelighan to Succeed Hartwig as Insurance Information Institute CEO

  13-07-2016 18:24
  
  The Insurance Information Institute (I.I.I.) announced that Sean Kevelighan, most recently with Zurich Insurance,  has been named president and chief executive officer, effective Aug. 8. Kevelighan brings with him 18 years of public affairs, communications and media relations experience, including …
  
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• Texas Companies Fined $120K for Safety Violations, Workplace Hazards

  13-07-2016 18:20
  
  Unsafe working conditions have landed combined fines of more than $120,000 for two companies operating in the Texas oil and gas sector. Exterran Energy Solutions LP and South Texas Specialty Welders LLC were cited by federal safety regulators for violations at …
  
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• West Virginia Rural Areas Still Without Vital Services After Floods

  13-07-2016 18:05
  
  Residents in some southern West Virginia public service districts are still without water more than two weeks after severe flooding. The Kanawha Falls Public Service District, the utility service that provides water to Gauley Bridge, has been able to restore …
  
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• Louisiana Judge: City-Parish to Remain in Lawsuit over Sewer Hole Drowning

  13-07-2016 18:03
  
  A state judge has refused to dismiss the city-parish from a lawsuit by the mother of a 4-year-old Baton Rouge boy who drowned in an abandoned sewer hole near his home in 2014. The East Baton Rouge City-Parish government contends …
  
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• New Jersey Man Admits Selling Fake Driver’s Licenses Online

  13-07-2016 18:02
  
  A Jersey City, New Jersey, man has admitted using social media to promote a website that sold fake driver’s licenses, some of which were later used to commit financial crimes, according to U.S. Attorney Paul J. Fishman. Fishman’s office said …
  
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• Nissan debuts ProPilot as similar Tesla system scrutinized

  13-07-2016 18:00
  
  The technology renders the Serena minivan capable of accelerating, braking and navigating highway stop-and-go traffic in a single lane.
  
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• 68 Companies Join Legal Fight to Block Provisions of North Carolina LGBT Law

  13-07-2016 17:56
  
  Sixty-eight companies have signed onto a legal brief opposing a North Carolina law that limits protections for LGBT people. The amicus brief filed July 8 is part of a legal challenge brought by the Department of Justice. The federal government …
  
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• Mesirow Insurance Joins Alliant Insurance Services’ Middle Market Unit

  13-07-2016 17:55
  
  Chicago-based Mesirow Insurance Services (MIS), a division of Mesirow Financial, has joined Alliant Insurance Services’ middle market platform, Alliant Americas. Terms of the agreement were not disclosed. Founded in 1972, MIS is a full-service insurance brokerage and consultant specializing in …
  
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• Ex-Workers Allege Age Discrimination, Sue Spirit AeroSystems in Kansas

  13-07-2016 17:53
  
  Twenty-four workers laid off by Spirit AeroSystem in 2013 have sued the aircraft parts maker alleging it targeted older workers covered by its health insurance who had costly medical conditions. The former employees, members of the Society of Professional Engineering …
  
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• Philadelphia Insurance Names Zurich’s Kilroy as National VP of Marketing

  13-07-2016 17:51
  
  Specialty property/casualty insurer Philadelphia Insurance Companies announced the hiring of Brian Kilroy as national vice president of Marketing. Kilroy will lead the insurer’s wholesale and global broker relationships, as well as focus on business development opportunities between Tokio Marine Group …
  
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• Way Promoted to Senior VP and Practice Leader at Assurance

  13-07-2016 17:50
  
  Schaumburg, Ill.-based insurance brokerage, Assurance, Anthony Way to senior vice president, practice leader. Way has been a leader and mentor in the firm’s property/casualty division for six years. Way will oversee Assurance’s Public Entity and Education, Real Estate and Faith-Based …
  
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• Ironshore Specialty Adds Third Part Product Recall Cost Endorsement

  13-07-2016 17:49
  
  Ironshore Specialty Casualty has added Third Party Product Recall Cost Endorsement as an enhancement to its primary general liability coverage form for commercial clients. The new endorsement covers specified costs incurred by a direct customer of the insured in the …
  
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• Kemper Estimates Q2 Catastrophe Losses of $52 Million

  13-07-2016 17:34
  
  Kemper Corp. said that it estimates that its second quarter 2016 results will include pre-tax catastrophe losses of approximately $52 million. The company said it does not expect to recover any of these losses under its catastrophe reinsurance program. While …
  
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• Pokémon Go fantasy game creates real-life vulnerabilities

  13-07-2016 17:30
  
  Playing the popular mobile game can lead to cyber issues, accidents and other dangers.
  
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• Methane in Northern Colorado Water Not Always from Oil Wells: Study

  13-07-2016 17:28
  
  The oil and gas industry may not be to blame if northeastern Colorado tap water is so full of methane it can be set on fire, researchers say. Fewer than 5 percent of the region’s water wells that were checked …
  
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• California Governor Wants to Expand Efforts on Climate Change

  13-07-2016 17:24
  
  California Gov. Jerry Brown has launched a campaign to extend some of the most ambitious climate-change programs in the country and ensure his environmental legacy when he leaves office in two years. The centerpiece of the push is a cap-and-trade …
  
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• Cyber Liability Expert Holmes Joins ID Experts in Oregon

  13-07-2016 17:05
  
  Portland. Ore.-based ID Experts has named Kimberly Holmes senior vice president and counsel in cyber insurance, liability and emerging risks. Holmes will be responsible for overseeing cyber and insurance litigation developments, as well as the corresponding cyber liability and enforcement …
  
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• Malleolo Joins New York’s Lawley in Westchester County Office

  13-07-2016 15:37
  
  Buffalo, New York-based insurance agency Lawley has added Pat Malleolo to its employee benefits sales division in its recently relocated Purchase, N.Y. office. The hiring of Malleolo in Lawley’s Westchester County office introduces a dedicated employee benefits consultant to the …
  
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• AXIS Names Paccione Executive VP of Commercial Management Liability

  13-07-2016 15:30
  
  Mark Paccione has been appointed as executive vice president of Commercial Management Solutions (CMS) at Bermuda-based specialty insurers AXIS Insurance.  The CMS team specializes in commercial public and private directors and officers, employment practices, fiduciary liability and crime insurance products. …
  
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• 11 insurance professionals win scholarships for graduate work

  13-07-2016 15:30
  
  The grants come from the Spencer Educational Foundation and pay up to $10,000 each for part-time master's degree studies.
  
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• Fox News’ Ailes Says Anchor’s Harassment Suit Against Him Belongs in Arbitration

  13-07-2016 15:09
  
  Lawyers for Fox News chairman Roger Ailes on Friday asked a judge to halt anchor Gretchen Carlson’s “shameless publicity campaign” against her former boss, and send her sexual harassment lawsuit against him to arbitration in accordance with her employment contract. …
  
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• Summer travel insurance do's and don'ts

  13-07-2016 15:00
  
  Summer is perfect for traveling. Here are some tips on what kind of insurance clients need when they plan a trip.
  
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• Staffing Agency Fights Liability for Testing New Hampshire Patient for Infections

  13-07-2016 14:48
  
  A staffing agency that placed a medical technician at Exeter Hospital who infected patients with hepatitis C in 2012 says it shouldn’t have to compensate the hospital for payouts made to patients who tested negative for the virus. David Kwiatkowski …
  
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• Firefighting Camps for Girls Catching On Across Country

  13-07-2016 14:42
  
  Firefighting is largely a man’s world, but one suburban Boston firefighter is among a few women trying to change that. Ashland, Mass. fire Lt. Lyn Moraghan founded Camp Bailout for girls in 2011 to give them a feel for what …
  
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• Insurance Safety Institute Says Small SUVs Flunk Headlight Tests

  13-07-2016 14:32
  
  Small SUVs for 2016 and 2017 did poorly during new headlight tests done by the insurance industry. The Insurance Institute for Highway Safety said Tuesday that none of the 21 SUVs tested earned its highest ranking. The Ford Escape, Honda …
  
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• Critics Say SEC’s Reforms of In-House Trials Fall Short

  13-07-2016 14:29
  
  The top U.S. securities regulator on Wednesday will try to answer complaints it stacks the deck against defendants at in-house trials by approving its first major revisions to the administrative proceedings in two decades. But the changes by the Securities …
  
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• Mesirow selling insurance business - Chicago Tribune

  13-07-2016 14:03 via chicagotribune.com
  
  Chicago Tribune
  Mesirow selling insurance business
  Chicago Tribune
  Richard Price, chairman and chief executive of Mesirow Financial at company's office in Chicago in 2011. Richard Price, chairman and chief executive of Mesirow Financial at company's office in Chicago in 2011. (Zbigniew Bzdak/ Chicago Tribune).
  Mesirow sells insurance business to a California buyerCrain's Chicago Business
  Mesirow Insurance Joins Alliant Insurance Services' Middle Market UnitInsurance Journalall 6 news articles&n
  
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• Predicting a disaster

  13-07-2016 14:00
  
  Urban riots create a wide range of challenges and dangers for adjusters handling those claims.
  
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• 10 steps to become a leader

  13-07-2016 13:15
  
  Becoming a leader isn't just for owner-advisors. Here's how to get started.
  
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• Photographer Sues B.B. King’s Estate for Copyright Infringement

  13-07-2016 12:39
  
  A New York photographer is suing B.B. King’s estate and Universal Music Group for copyright infringement after he says his pictures of the blues legend have been used on King’s albums for more than 40 years without his permission. Glen …
  
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• 21st Century Fox Quietly Settles Unpaid Intern Litigation

  13-07-2016 12:36
  
  Two 21st Century Fox Inc. units have settled class-action litigation by former interns who said they should have been paid for their work, in a case that sparked multimillion-dollar settlements with interns at other big media companies. According to papers …
  
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