Insurance news

• North Dakota Storms Cause Widespread Crop, Property Damage

  14-07-2016 23:51
  
  Recent storms that have dropped heavy rain and hail across North Dakota have caused headaches for motorists, farmers and homeowners. Weekend storms caused widespread crop and building damage in the Killdeer area, where hail piled up like snowbanks. Wahpeton got …
  
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• Today's Bond Market Is Insurance, Not Investment - Forbes

  14-07-2016 23:38 via forbes.com
  
  Forbes
  Today's Bond Market Is Insurance, Not Investment
  Forbes
  A few days ago over five billion dollars worth of Zero Coupon German government bonds (“Bunds”) were auctioned at a yield of minus five basis points. For me, as for many others, bonds with negative nominal yields hold a fascination – they are no longer ...and more »
  
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• Reminder to Self...The Bond Market Today Is Insurance, Not Investment - Forbes

  14-07-2016 23:38 via forbes.com
  
  Reminder to Self...The Bond Market Today Is Insurance, Not Investment
  Forbes
  A few days ago over five billion dollars worth of Zero Coupon German government bonds (“Bunds”) were auctioned at a yield of minus five basis points. For me, as for many others, bonds with negative nominal yields hold a fascination – they are no longer ...and more »
  
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• A consumer-friendly insurance commissioner? - Sun Sentinel

  14-07-2016 22:13 via sun-sentinel.com
  
  Sun Sentinel
  A consumer-friendly insurance commissioner?
  Sun Sentinel
  If David Altmaier's first two months are any indication, Gov. Rick Scott and the Florida Cabinet were right to make Altmaier the state's top insurance regulator. Altmaier, who had been a deputy commissioner at the Office of Insurance Regulation, was ...and more »
  
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• When the Insurance Industry Covets Our Rights - Huffington Post

  14-07-2016 22:11 via huffingtonpost.com
  
  When the Insurance Industry Covets Our Rights
  Huffington Post
  In 1995, a part-time actuary for the Alabama Insurance Department achieved what the insurance industry had been trying to accomplish in state legislatures nationwide for years. With the simple stroke of a pen, Alabama became the first state in the ...and more »
  
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• Fire coverage improves city insurance rank - McCook Daily Gazette

  14-07-2016 22:10 via mccookgazette.com
  Fire coverage improves city insurance rank
  McCook Daily Gazette
  McCOOK, Neb. -- The City of McCook Fire Department recently improved its rating classification to what is likely as good as it can hope for given the community size, at least according to city leaders. Insurance Services Offices, Inc., of Chicago ...
  
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• What business owners need to know about business overhead expense insurance - Birmingham Business Journal

  14-07-2016 22:08 via bizjournals.com
  Birmingham Business Journal
  What business owners need to know about business overhead expense insurance
  Birmingham Business Journal
  If you are a small business owner, you wear many hats. You are the manager, accountant, IT department, and janitor. You are also most likely in charge of revenue generation. The revenue you generate is the fuel on which your business runs. It pays the ...
  
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• Stretching your dollar on renters insurance - WTNH Connecticut News (press release)

  14-07-2016 22:03 via wtnh.com
  
  Stretching your dollar on renters insurance
  WTNH Connecticut News (press release)
  FILE- In this Nov. 20, 2015, file photo, a rental sign is seen outside a property in Denver. (AP Photo/David Zalubowski, File). Related Coverage. Know your rights as a renter · Stretch your dollar on your energy bill this summer. NORTH HAVEN, Conn ...
  
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• Here are some good reasons why you should get wedding insurance for your big day - The Pasadena Star-News

  14-07-2016 21:55 via pasadenastarnews.com
  
  The Pasadena Star-News
  Here are some good reasons why you should get wedding insurance for your big day
  The Pasadena Star-News
  Wedding insurance is something most couples don't think about, but it could save them a lot of headaches in the event that things go wrong. By Kevin Smith, San Gabriel Valley Tribune. Posted: 07/14/16, 12:39 PM PDT | Updated: 2 hrs ago. # Comments.and more »
  
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• Premera insurance to be discontinued at Kadlec facilities - KEPR 19

  14-07-2016 21:23 via keprtv.com
  KEPR 19
  Premera insurance to be discontinued at Kadlec facilities
  KEPR 19
  RICHLAND, Wash. -- If you have Premera Blue Cross health insurance, beginning in 2017, your insurance will no longer be accepted at Kadlec Regional Medical Center or at any of its clinics. Premera was unable to come to a contract agreement with ...and more »
  
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• Crop Insurance Continues to Strengthen Rural Communities - USDA.gov (press release) (blog)

  14-07-2016 21:15 via blogs.usda.gov
  USDA.gov (press release) (blog)
  Crop Insurance Continues to Strengthen Rural Communities
  USDA.gov (press release) (blog)
  America's farmers and ranchers work hard to provide food for the world, contributing to the nation's economy, as well as to the strength of our rural communities. To support our nation's hardworking producers, we've developed programs designed to help ...
  
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• Boston Insurance Startup Quilt Just Closed $3.25M in Seed Funding - BostInno

  14-07-2016 21:03 via bostinno.streetwise.co
  Boston Insurance Startup Quilt Just Closed $3.25M in Seed Funding
  BostInno
  Quilt's team: Mariam Melikadze, Hal Schwartz, Matt Brand, Sara Sigel, Blair Baldwin, Lee Hower, Lei Xia... twitter. facebook. send via email. SHARE. Boston Insurance Startup Quilt Just Closed $3.25M in Seed Funding. Quilt, a venture offering self ...
  
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• Baker pressing to raise insurance contributions of state workers - Lowell Sun

  14-07-2016 20:18 via lowellsun.com
  
  Baker pressing to raise insurance contributions of state workers
  Lowell Sun
  BOSTON -- Gov. Charlie Baker issued hundreds of vetoes to the state budget he signed last week, but at least one in particular is being viewed as a key piece of his plan to keep state spending balanced by raising health care premiums for state employees.and more »
  
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• Tesla Autopilot too much, too soon, Consumer Reports warns

  14-07-2016 20:10
  
  In an unusual move, Consumer Reports has called Tesla's Autopilot "Too Much Autonomy Too Soon" and called on the automaker to disable the hands-free feature until its safety can be improved.
  
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• Nearly one-third of Texas Hispanics still lack health insurance - Chron.com

  14-07-2016 19:55 via chron.com
  
  Chron.com
  Nearly one-third of Texas Hispanics still lack health insurance
  Chron.com
  At least 2 million Hispanics in Texas remain, uninsured even though nearly half of that number are eligible for coverage, a new local health care report found. The findings by Houston's Episcopal Health Foundation and Rice University's Baker Institute ...and more »
  
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• Sinking yields drag investment income to 12-year low at P&C insurers

  14-07-2016 19:36
  
  U.S. property-casualty insurers’ quarterly investment income dropped to the lowest since 2004 as falling bond yields pressured the industry.
  
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• Look out: There are 160 million angry drivers on the road

  14-07-2016 18:43
  
  Summer is driving season — and, it appears, fuming, cursing, and ramming season as well.
  
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• Crop Hail Damage Claims on the Rise in Montana

  14-07-2016 18:39
  
  State officials say damage claims for Montana crops due to hail are nearly double what they’ve been in recent years. The Billings Gazette reports the state Department of Agriculture’s Walt Anseth says farmers submitted 200 insurance claims from January to …
  
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• Failing Illinois Health Insurance Co-Op to Be Shut Down - Insurance Journal

  14-07-2016 18:38 via insurancejournal.com
  
  Chicago Tribune
  Failing Illinois Health Insurance Co-Op to Be Shut Down
  Insurance Journal
  An Illinois health insurance co-op with 49,000 policyholders in the state has become the latest casualty among a dwindling group of nonprofit alternative insurers set up under the Affordable Care Act. Illinois regulators took steps on July 12 to shut ...
  Most Recent Closing Of Insurance Co-Op Leaves Some Customers In Illinois Facing Higher CostsKaiser Health News
  Enrollees of failed Illinois insurance co-o
  
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• Allstate Names Macellaro President of Encompass

  14-07-2016 18:38
  
  The Allstate Corp. has promoted Patrick Macellaro, vice president, Investor Relations, to president of the Encompass insurance companies. Macellaro will report to Don Civgin, president, Emerging Businesses. Macellaro has more than 20 years of experience in the insurance and finance industry. …
  
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• Failing Illinois Health Insurance Co-Op to Be Shut Down

  14-07-2016 18:36
  
  An Illinois health insurance co-op with 49,000 policyholders in the state has become the latest casualty among a dwindling group of nonprofit alternative insurers set up under the Affordable Care Act. Illinois regulators took steps on July 12 to shut …
  
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• Vandals Cause $80K in Damage to Oklahoma Grain Elevator

  14-07-2016 18:34
  
  Enid, Okla., police are asking for the public’s help to find whoever caused $80,000 in damage at an area grain company. KOCO-TV reports that someone went into a grain elevator through an unlocked door, opened 190 grain shoots and let …
  
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• At Least 2 Dead in Midwest Floods that Damaged Homes, Stranded Motorists

  14-07-2016 18:34
  
  At least two people have died in flooding caused by powerful storms that damaged homes, washed out roads and stranded motorists in Wisconsin, Minnesota and Michigan. In northern Wisconsin, an 84-year-old Illinois man died when his vehicle became submerged in …
  
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• Combined Agents of America Names Cross as CEO

  14-07-2016 18:32
  
  Austin, Texas-based insurance agent network, Combined Agents of America LLC (CAA) has hired Peter Cross as its new chief executive officer. CAA has 53 independent agency members in Kansas, Texas, Oklahoma and Nebraska. Cross holds the CPCU, CIC and ARM designations, …
  
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• Insurance Coverage Worsening for MS Drugs - Medscape

  14-07-2016 18:21 via medscape.com
  Medscape
  Insurance Coverage Worsening for MS Drugs
  Medscape
  A new survey of more than 6000 US patients with multiple sclerosis (MS) suggests that insurance coverage for disease-modifying therapies (DMTs) is worsening, with many patients struggling to be able to pay for their treatment. The survey also found ...
  
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• XS Brokers Adds Jimcor’s Dudkiewicz as It Expands to Mid-Atlantic States

  14-07-2016 17:59
  
  XS Brokers, one of the largest independent insurance wholesale brokerages in New England, is opening a new office in the greater Philadelphia area and has hired Alan Dudkiewicz to lead the firm’s efforts in the Pennsylvania-New Jersey-Delaware-New York region. Dudkiewicz …
  
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• MMG Names Herweh to Succeed Lombard as VP Human Resources

  14-07-2016 17:43
  
  Presque Isle, Maine-based regional insurer MMG Insurance Co. has promoted John Herweh to vice president and director of Human Resources. Herweh replaces Lynn Lombard, who retired on July 1, 2016 after a 45-year career with the company. Herweh brings 20 …
  
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• Forecasters have dropped the odds for a hurricane-sparking La Niña

  14-07-2016 17:40
  
  La Niña’s conditions can decrease wind shear across the tropical Atlantic allowing more hurricanes to form.
  
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• Markel Leads Lloyd’s Livestock Consortium, Covering Up to $30M Per Location

  14-07-2016 16:58
  
  Markel International, the London-based specialist insurer, has joined forces with Tokio Marine Kiln, Pembroke and AEGIS London to lead the Markel livestock consortium, offering cover of up to $30 million per location for livestock risks. The consortium offers larger single …
  
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• An alarming loss: Does a broker have a duty to recommend higher limits?

  14-07-2016 16:45
  
  In this case analysis, if it is a “special relationship,” as many courts term a high degree of dependence, then a duty to advise can exist.
  
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• Elephant Auto Insurance partners with the Richmond Kickers - PR Newswire (press release)

  14-07-2016 16:30 via prnewswire.com
  
  PR Newswire (press release)
  Elephant Auto Insurance partners with the Richmond Kickers
  PR Newswire (press release)
  RICHMOND, Va., July 14, 2016 /PRNewswire/ -- Elephant Auto Insurance is pleased to announce being a supporting sponsor of the Richmond Kickers in their upcoming soccer match against Swansea City AFC of the English Premier League. The decision to ...and more »
  
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• Stretch Your Dollar: Cut costs on your car insurance - My Fox Boston

  14-07-2016 16:11 via fox25boston.com
  
  Stretch Your Dollar: Cut costs on your car insurance
  My Fox Boston
  According to nerd wallet—drivers in Massachusetts will spend 11-hundred dollars a year for car insurance. Factors like age and previous claims can determine your rate but there are some other choices that could drop your current rate even. Tom Skelly ...
  
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• Stretch Your Dollar: Car Insurance - My Fox Boston

  14-07-2016 16:11 via fox25boston.com
  
  Stretch Your Dollar: Car Insurance
  My Fox Boston
  According to nerd wallet—drivers in Massachusetts will spend 11-hundred dollars a year for car insurance. Factors like age and previous claims can determine your rate but there are some other choices that could drop your current rate even. Tom Skelly ...
  
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• Insurers Expect Lower Returns in Face of Low Interest Rates, Heightened Competition

  14-07-2016 16:00
  
  Approximately three-fourths of insurers surveyed have lowered their target return-on-equity expectations to 10 percent or lower, a reflection of highly competitive market conditions remaining and the slow-growth economy, according to a new A.M. Best survey. According to the A.M. Best …
  
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• Most Recent Closing Of Insurance Co-Op Leaves Some Customers In Illinois Facing Higher Costs - Kaiser Health News

  14-07-2016 15:33 via khn.org
  
  Business Insurance
  Most Recent Closing Of Insurance Co-Op Leaves Some Customers In Illinois Facing Higher Costs
  Kaiser Health News
  Customers switching plans may not be able to keep the same doctors and will not be credited for money that they've already paid toward their deductibles and out-of-pocket maximums. Chicago Tribune: Obamacare Company Shutdown Leaves Customers In ...
  Obamacare insurer closing; 49000 to lose insuranceSaukValley.com
  State health care exchange to fold after 3-year r
  
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• Allianz Names XL Catlin’s Posner Senior Underwriter for Terrorism Insurance in North America

  14-07-2016 15:31
  
  Allianz Global Corporate & Specialty (AGCS) reported that Adam Posner has been named senior underwriter for  Terrorism & Political Violence insurance. Posner will be based in New York and he will report directly to Marcos Garcia Norris, regional practice group …
  
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• Insurance Documents in Penn State Sex Abuse Case Released - Insurance Journal

  14-07-2016 15:09 via insurancejournal.com
  
  Insurance Documents in Penn State Sex Abuse Case Released
  Insurance Journal
  Penn State coach Joe Paterno was told by a teen boy in 1976 that assistant coach Jerry Sandusky had molested him in the shower but responded that he didn't want to hear about it and had “a football season to worry about,” according to court documents ...and more »
  
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• Insurance Documents in Penn State Sex Abuse Case Released

  14-07-2016 15:08
  
  Penn State coach Joe Paterno was told by a teen boy in 1976 that assistant coach Jerry Sandusky had molested him in the shower but responded that he didn’t want to hear about it and had “a football season to …
  
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• Family of Girl Who Choked on Marshmallow Sues Parents Who Hosted Party

  14-07-2016 14:42
  
  The family of an 11-year-old Massachusetts girl who died after choking on a marshmallow at a friend’s birthday party has filed a wrongful death lawsuit. The lawsuit seeks unspecified monetary damages in the death of Azriel Estabrooks, of Somerset, in …
  
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• Family of Girl Who Choked on Marshmallow Sue Parents Who Hosted Party

  14-07-2016 14:42
  
  The family of an 11-year-old Massachusetts girl who died after choking on a marshmallow at a friend’s birthday party has filed a wrongful death lawsuit. The lawsuit seeks unspecified monetary damages in the death of Azriel Estabrooks, of Somerset, in …
  
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• Court Removes GM Bankruptcy Shield on Ignition Switch Claims

  14-07-2016 14:20
  
  General Motors’ 2009 bankruptcy does not shield it from lawsuits over a deadly ignition-switch defect that led to criminal charges against the automaker and prompted the recall of 2.6 million vehicles in 2014, a federal appeals court ruled on Wednesday. …
  
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• ProSight Specialty® Insurance Adds Mark Engel as Program Executive for Marine and Offshore Energy Niches - PR Newswire (press release)

  14-07-2016 14:06 via prnewswire.com
  
  ProSight Specialty® Insurance Adds Mark Engel as Program Executive for Marine and Offshore Energy Niches
  PR Newswire (press release)
  MORRISTOWN, N.J., July 14, 2016 /PRNewswire/ -- ProSight Specialty® Insurance, a property and casualty insurance company that brings innovation to the traditional world of insurance, today announced that Mark Engel has joined the company as the ...
  
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• RenRe Appoints Qutub as CFO, Succeeding Kelly Who Is Retiring

  14-07-2016 14:03
  
  RenaissanceRe Holdings Ltd. announced that Jeffrey D. Kelly, its chief financial officer and chief operating officer, is retiring. Kelly, 62, will be succeeded as CFO by Robert Qutub, effective Aug. 8, 2016, and will remain as chief operating officer until …
  
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• Has Obamacare improved health insurance? - Insurance Business America

  14-07-2016 14:00 via ibamag.com
  
  MedCity News
  Has Obamacare improved health insurance?
  Insurance Business America
  Republicans have taken aim at struggling co-ops established under the A ordable Care Act – but are they the real problem? Neal Biron, Account executive and compliance o fficer, United Business Insurance Agency: “No – Obamacare actually discourages ...
  What's next for the few Obamacare insurance co-ops left?MedCity News
  Obamacare didn't lead to cuts in job-based health coverage. In fact ...CNB
  
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• Bermuda Insurance Industry Expected to Grow by 10.3% Annually Until 2019 - Insurance Journal

  14-07-2016 13:38 via insurancejournal.com
  
  Bermuda Insurance Industry Expected to Grow by 10.3% Annually Until 2019
  Insurance Journal
  The Bermuda insurance industry is projected to grow at a steady pace as a result of new regulations and consistent growth in external business, such as offshore and captive, according to a new report published by London-based business intelligence ...
  
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• Expert: Flood damage not covered by homeowners' insurance - WPRI 12 Eyewitness News

  14-07-2016 13:35 via wpri.com
  
  WPRI 12 Eyewitness News
  Expert: Flood damage not covered by homeowners' insurance
  WPRI 12 Eyewitness News
  The Providence lawmaker has been under fire since a Target 12 investigation uncovered evidence he may not live in his district. A Providence Police Officer was disciplined following a nightclub confrontation.
  
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• Bermuda Insurance Industry Expected to Grow by 10.3% Annually Until 2019

  14-07-2016 13:34
  
  The Bermuda insurance industry is projected to grow at a steady pace as a result of new regulations and consistent growth in external business, such as offshore and captive, according to a new report published by London-based business intelligence company …
  
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• Can IT projects fail when following best practices?

  14-07-2016 13:30
  
  Leaders in an ever-changing insurance market understand the need to modernize their technology by leveraging more modern platforms.
  
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• 5 steps to ditch comfortable selling habits

  14-07-2016 13:30
  
  Your approach should set you apart from every other advisor who has talked to your prospect.
  
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• Designing a UBI program for the ‘average Joe’— and anyone else

  14-07-2016 13:00
  
  By valuing individual policyholder preferences and establishing proper guidelines in data collection and analysis, insurers can offer a wide range of UBI options that appeal to everyone.
  
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