Insurance news

• Tesla Autopilot may face legal obstacles

  15-07-2016 22:30
  
  Telling Tesla drivers its Autopilot feature doesn’t mean their cars can drive themselves may not be enough to keep Elon Musk off the hot seat if the technology comes up short.
  
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• Can Runners Save on Life Insurance? - Runner's World

  15-07-2016 22:17 via runnersworld.com
  Runner's World
  Can Runners Save on Life Insurance?
  Runner's World
  Underwriters may reward your exercise habits, but they take a careful look at the total picture of your health. By Jon Marcus Friday, July 15, 2016, 4:08 pm. Life insurance ad in Facebook feed. This advertisement, appearing regularly in runners ...
  
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• Federal Funds Will Cover Insurance For Police At Republican Convention - TIME

  15-07-2016 21:54 via time.com
  
  TIME
  Federal Funds Will Cover Insurance For Police At Republican Convention
  TIME
  Part of the federal funds awarded to Cleveland for security at the Republican National Convention will be used to pay for insurance to cover the out-of-area law enforcement contracted to help patrol the area. More than 50,000 visitors are expected in ...and more »
  
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• People on the move in the P&C insurance industry: July 15, 2016 - PropertyCasualty360

  15-07-2016 20:24 via propertycasualty360.com
  
  PropertyCasualty360
  People on the move in the P&C insurance industry: July 15, 2016
  PropertyCasualty360
  New York City-based Starr Cos. said it has appointed Dorian Grey president of its Latin America sivision. Based in Miami, Grey joins Starr from American International Group. Austin, Texas-based Combined Agents of America LLC said it has named Peter ...
  
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• People on the move in the P&C insurance industry: July 15, 2016

  15-07-2016 20:18
  
  News from SMA, USI, Allianz and more.
  
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• Chubb Enhances Cover for Tech Companies in UK and Ireland

  15-07-2016 18:34
  
  Chubb announced that has enhanced MasterPackage for Technology Companies, its comprehensive single contract insurance solution for technology businesses in the UK, as it continues to expand its offering in this key sector of the economy. Masterpackage for Technology Companies provides …
  
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• Ford invests in startup that makes maps for self-driving cars

  15-07-2016 18:20
  
  Ford is among five investors providing $6.6 million in seed funding for Civil Maps, a California startup that creates three-dimensional maps for autonomous cars.
  
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• Research Shows Dangers of Using Hands-Free Cell Phones While Driving

  15-07-2016 18:19
  
  Driving while talking on a hands-free phone can be as distracting as talking on a hand-held mobile, according to researchers at the University of Sussex in England. “A popular misconception is that using a mobile phone while driving is safe …
  
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• More apartment complexes now require renters to have insurance - Fort Worth Star Telegram (blog)

  15-07-2016 18:19 via star-telegram.com
  
  Fort Worth Star Telegram (blog)
  More apartment complexes now require renters to have insurance
  Fort Worth Star Telegram (blog)
  Renters insurance covers damage from fires at apartment buildings, such as this fire in Grapevine on May. Bob Booth Special to the Star-Telegram. i. Renters insurance covers damage from fires at apartment buildings, such as this fire in Grapevine on May.
  
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• Switch Sues Nevada Regulators, NV Energy over Efforts to go Solar

  15-07-2016 17:50
  
  A data-storage center company sued Nevada electricity regulators and NV Energy this week, saying it got an unfair deal when it tried to leave the grid and suffered at the hands of a former state employee who tweeted about the …
  
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• Hail Damage Claims from Montana Crops on The Rise

  15-07-2016 17:48
  
  State officials say damage claims for Montana crops due to hail are nearly double what they’ve been in recent years. The Billings Gazette reported the state Department of Agriculture’s Walt Anseth says farmers submitted 200 insurance claims from January to …
  
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• Woman Who Broke Ankle on L.A. Skyscraper Slide Files Suit

  15-07-2016 17:46
  
  A lawsuit claims a woman suffered a broken ankle on a recently opened glass-enclosed slide attached to the exterior of a downtown Los Angeles skyscraper. City News Service says the lawsuit filed this week against building owner OUE Skyspace LLC and …
  
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• The ‘Pokemon Go’ Files: 10 Tales of Trespass, Robbery, Murder and More

  15-07-2016 17:25
  
  The “Pokemon Go” craze across the U.S. has people wandering into yards, driveways, cemeteries and even an off-limits police parking lot in search of cartoon monsters, prompting warnings that trespassers could get arrested or worse, especially if they cross paths …
  
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• Lloyd’s Insurer Chaucer Expects Underwriting Loss During Q2 2016

  15-07-2016 17:24
  
  The impact of catastrophes, large loss activity and foreign exchange movements are expected to bring an underwriting loss for Chaucer in the second quarter, when it will report a combined ratio in the range of 103 to 105 percent, according …
  
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• MetaBank Taps Cunningham and Koenig for AFS/IBEX in Texas

  15-07-2016 17:19
  
  MetaBank has named Susan Cunningham senior vice president of sales for its premium finance division, AFS/IBEX. She will operate out of the Dallas and lead sales and marketing in Texas and adjoining states. Cunningham has more than 30 years of …
  
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• Alliant Names Peters Executive Vice President in Maryland

  15-07-2016 17:05
  
  Alliant Insurance Services Inc. has named Barry Peters executive vice president with the company’s Alliant Americas division. Peters will be based in the Bethesda, MD office of Alliant. He will design and deploy insurance and risk management solutions to clients and …
  
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• Potato in Tailpipe Leads to Arson Suspect in Connecticut

  15-07-2016 16:43
  
  Police say a potato stuffed into a vehicle’s tailpipe helped lead them to a 19-year-old Connecticut stripper who’s now charged with setting fire to a business in a dispute over money. Willow Martin, of Naugatuck, was charged this week with …
  
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• Quilt launches to blanket a generation with a new kind of insurance policy - TechCrunch

  15-07-2016 16:30 via techcrunch.com
  
  TechCrunch
  Quilt launches to blanket a generation with a new kind of insurance policy
  TechCrunch
  A new company, Quilt is launching in the U.S. and setting its sight on fixing the incredibly, painfully, broken experience of getting insured in America. For consumers new options for insurance can't come fast enough. A recent exposé by 60 Minutes of ...
  
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• House GOP Wants Democratic AGs’ Records on Climate Change Suit Against Exxon

  15-07-2016 15:53
  
  Escalating a political fight over global warming, a Republican House chairman issued subpoenas this week to two Democratic state attorneys general, seeking records about their investigation into whether Exxon Mobil misled investors about man-made climate change. Texas Rep. Lamar Smith, …
  
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• Construction Firm Sentence for New York Worker’s Death: Pay for Public Announcements

  15-07-2016 15:46
  
  A construction company convicted in the death of a worker in a New York trench collapse has been sentenced to fund a series of worker safety public service announcements. But an attorney for Harco Construction LLC told a judge Wednesday …
  
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• Caution: Millions of U.S. Drivers Are Angry, Aggressive or Enraged!

  15-07-2016 15:39
  
  Nearly 80 percent of drivers expressed significant anger, aggression or road rage behind the wheel at least once in the past year, according to a new study by the AAA Foundation for Traffic Safety. The most alarming findings suggest that …
  
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• France in shock as more than 84 die in Nice terror attack

  15-07-2016 14:41
  
  France struck again by terrorists, this time on Bastille Day in Nice.
  
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• Perils a Renters Insurance Policy Won't Cover - Nasdaq

  15-07-2016 14:18 via nasdaq.com
  
  Nasdaq
  Perils a Renters Insurance Policy Won't Cover
  Nasdaq
  Most tenants are familiar with what renters insurance covers, but what about the things excluded from coverage? Wrongfully assuming a specific peril is covered by a renters insurance policy could be devastating to the policyholder and whoever else who ...
  
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• Buffett Gives $2.8 Billion in Shares to Charities Including Gates Foundation

  15-07-2016 13:54
  
  Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc., has donated another roughly $2.86 billion of his holdings in the company’s stock to the Bill & Melinda Gates Foundation and four family charities, as part of his plan to give …
  
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• 5 reasons to embrace telematics for the connected car: What insurers need to know

  15-07-2016 13:45
  The connected life is upon us and insurers have an unprecedented opportunity to take advantage of it as cars become much more than just something to drive.
  
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• Are millennials a cybersecurity risk at work?

  15-07-2016 13:15
  
  Despite their tech savviness, millennials might be hurting the company's cybersecurity, according to a report from SHRM.
  
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• Cleveland increases its protest insurance - Marketplace.org

  15-07-2016 13:13 via marketplace.org
  
  Cleveland increases its protest insurance
  Marketplace.org
  Republican politicians and delegates, media and political paraphernalia vendors, and Donald Trump supporters and protesters are all headed to Cleveland, Ohio for the GOP convention that kicks off on Monday. For the city of Cleveland and its police ...and more »
  
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• Insurers share cyber risk war stories from the front lines

  15-07-2016 13:00
  
  There’s no shortage of money or tech tools being devoted to support cyber risk management at most financial services institutions, yet many are still struggling to stay ahead of hackers, a new study by Deloitte has revealed.
  
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• P/C Insurers’ Net Income Fell 26% in Q1

  15-07-2016 12:46
  
  U.S. property/casualty insurers saw their net income after taxes fall to $13.3 billion in first-quarter 2016 from $18.1 billion in first-quarter 2015—a 26.6 percent decline—and their annualized quarterly yield on investments drop to 2.9 percent—the lowest this century—from 3.1 percent …
  
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• States requiring insurance companies to locate beneficiaries - Herald & Review

  15-07-2016 12:34 via herald-review.com
  
  States requiring insurance companies to locate beneficiaries
  Herald & Review
  CHICAGO (AP) — Beneficiaries of unclaimed life insurance policies already have received billions of dollars — and others could be in store for some unexpected cash — the result of state actions forcing companies to locate heirs and pay them the ...and more »
  
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• Enrollees of failed Illinois insurance co-op face high costs - KTRS | St Louis News and Talk Radio | The Big 550 AM

  15-07-2016 10:47 via ktrs.com
  KTRS | St Louis News and Talk Radio | The Big 550 AM
  Enrollees of failed Illinois insurance co-op face high costs
  KTRS | St Louis News and Talk Radio | The Big 550 AM
  CHICAGO (AP) – Officials say Illinois residents with Land of Lincoln Health insurance won't be able to transfer what they've paid in copays and deductibles to new plans after the failing nonprofit company goes out of business. Illinois Department of ...
  Failing Illinois Health Insurance Co-Op to Be Shut DownInsurance Journal
  
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• Starr Companies Appoints Grey as President, Latin America Division

  15-07-2016 10:07
  
  Starr Companies announced that Dorian Grey has joined the company as president, Latin America Division. Grey will have overall responsibility for the growth and profitability of Starr’s activities in Mexico, Central and South America and the Caribbean. “We are delighted …
  
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• Kenyan Insurers Face New Capital Rules Which Could Lead to Market Shakeout

  15-07-2016 10:01
  
  A push by Kenyan regulators to clean up the East African country’s insurance industry is poised to trigger stake sales or exits by underwriters unable to meet the new capital requirements, according to an industry group. Most companies missed a …
  
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• France in Mourning After Latest Deadly Terror Attack Kills at Least 84

  15-07-2016 09:33
  
  Eight months after a murderous rampage in Paris, a deadly attack in the coastal city of Nice on Bastille Day left at least 84 people dead and scores injured, threatening to throw a still-traumatized France into a tailspin and raising …
  
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• France in Mourning After Latest Deadly Terror Attack Kills at Least 80

  15-07-2016 09:33
  
  Eight months after a murderous rampage in Paris, the deadly attack in the coastal city of Nice on Bastille Day threatens to throw a still-traumatized France into a tailspin in the run-up to presidential elections and raise terror alarms across …
  
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• Allied World, Great Point Partner on Online Small Business Umbrella Program

  15-07-2016 08:18
  
  Allied World North America has teamed with program administrator Great Point Insurance to offer umbrella coverage in the U.S. and Canada for small businesses through their online portal, UmbrellaPro. Designed for companies with less than $25 million in annual revenues, …
  
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• Federal Scientists Issue Final Update of West Virginia Chemical Spill Study

  15-07-2016 08:08
  
  Federal government scientists have released a final update of their study of the January 2014 chemical spill that temporarily fouled the drinking water supplies of 300,000 Charleston-area residents, reporting no significant new findings. The Charleston Gazette-Mail cited the report as …
  
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• Alabama Cemetery Bans ‘Pokemon Go’ Players From Property

  15-07-2016 07:56
  
  An Alabama cemetery is banning people from playing the popular Pokemon Go game on its property. The president of Mobile Memorial Gardens, Timothy Claiborne, says a cemetery is supposed to be a place for peaceful reflection. But Claiborne tells WKRG-TV …
  
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• Orlando Police Release Pulse Nightclub Back to Owner 1 Month After Shooting

  15-07-2016 07:52
  
  Law enforcement has released the Pulse nightclub in Orlando to its owner just a month after it was the scene of the worst mass shooting in recent U.S. history. Officials with the Florida Department of Law Enforcement said Wednesday that …
  
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• Illinois Department of Insurance Seeks To Liquidate - Alton Daily News

  15-07-2016 07:07 via altondailynews.com
  Fox 32 Chicago
  Illinois Department of Insurance Seeks To Liquidate
  Alton Daily News
  49,000 Illinoisans will be looking for new healthcare insurance after an Obamacare-funded provider closes its doors. In a statement from Director Ann Melissa Dowling, the Illinois Department of Insurance will seek court permission to oversee the ...
  Enrollees of failed Illinois insurance co-op face high costsFox 32 Chicago
  Failing Illinois Health Insurance Co-Op to Be Shut DownInsurance Journal
  Most Recent Closi
  
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• Industry Balks as Treasury Adopts 2% Formula for Defining Auto Insurance Affordability - Insurance Journal

  15-07-2016 07:06 via insurancejournal.com
  
  Industry Balks as Treasury Adopts 2% Formula for Defining Auto Insurance Affordability
  Insurance Journal
  If the average auto insurance liability premium paid by consumers in minority and low-income neighborhoods is more than 2 percent of the median income in those neighborhoods, the auto insurance will be considered unaffordable, under a new index being ...
  
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• Industry Balks as Treasury Adopts 2% Formula for Defining Auto Insurance Affordability

  15-07-2016 07:00
  
  If the average auto insurance liability premium paid by consumers in minority and low-income neighborhoods is more than 2 percent of the median income in those neighborhoods, the auto insurance will be considered unaffordable, under a new index being adopted …
  
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• What's Driving Up Your Auto Insurance Rates? - CBS Local

  15-07-2016 05:13 via chicago.cbslocal.com
  
  What's Driving Up Your Auto Insurance Rates?
  CBS Local
  (CBS) — No accidents, no tickets and no claims for years. You'd think a good record would keep your car insurance from going up. CBS 2's Dorothy Tucker reports on why rates are soaring and why some pay more, depending on where they live.
  
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• U.S. Risk, Kohlberg & Co. Forge Partnership Agreement

  15-07-2016 05:04
  
  Dallas-based international specialty lines underwriting manager and wholesale broker, U.S. Risk Insurance Group Inc. (U.S. Risk), announced it has entered into a definitive agreement to partner with the private equity firm, Kohlberg & Co. LLC (Kohlberg). Subject to receipt of …
  
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• Growth Partners: Equity Firm Kohlberg Invests in Wholesaler U.S. Risk

  15-07-2016 05:04
  
  Dallas-based international specialty lines underwriting manager and wholesale broker U.S. Risk Insurance Group Inc. has agreed to partner with the private equity firm, Kohlberg & Co. With capital and two board members from Kohlberg, U.S. Risk plans to expand by …
  
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• Fender Bender With Police Causes Insurance Headache - NBC Bay Area

  15-07-2016 04:36 via nbcbayarea.com
  
  NBC Bay Area
  Fender Bender With Police Causes Insurance Headache
  NBC Bay Area
  A peninsula man needed help after a fender bender with a police officer. The accident was minor, but the process was a major headache. Chris Chmura reports. (Published 46 minutes ago). Ryan Felkner was rear-ended by a cop. “I was stopped at a turn ...
  
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• Nearly a third of Hispanics in Texas don't have health insurance - Science Daily

  15-07-2016 04:09 via sciencedaily.com
  Chron.com
  Nearly a third of Hispanics in Texas don't have health insurance
  Science Daily
  Date: July 14, 2016; Source: Rice University; Summary: The percentage of Hispanics in Texas without health insurance has dropped by 30 percent since the Affordable Care Act went into effect, but almost one-third of Hispanic Texans ages 18 to 64 remain ...
  Nearly one-third of Texas Hispanics still lack health insuranceChron.comall 3 news articles »
  
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• Enrollees of failed Illinois insurance co-op face high costs - Fox 32 Chicago

  15-07-2016 02:45 via fox32chicago.com
  
  Fox 32 Chicago
  Enrollees of failed Illinois insurance co-op face high costs
  Fox 32 Chicago
  CHICAGO (AP) - Officials say Illinois residents with Land of Lincoln Health insurance won't be able to transfer what they've paid in copays and deductibles to new plans after the failing nonprofit company goes out of business. Illinois Department of ...
  Most Recent Closing Of Insurance Co-Op Leaves Some Customers In Illinois Facing Higher CostsKaiser Health News
  Illinois seeks to shut down state Obamacare
  
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• Baton Rouge Police Sued by ACLU, Other Groups over Protests

  15-07-2016 01:49
  
  Civil rights groups and activists sued Baton Rouge law enforcement agencies over their treatment of protesters rallying against the police shooting death of a black man, saying officers used excessive force and physically and verbally abused peaceful demonstrators. The lawsuit, …
  
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• 3 charged, 1 sought in insurance fraud scheme - Moultrie Observer

  15-07-2016 01:47 via moultrieobserver.com
  
  Moultrie Observer
  3 charged, 1 sought in insurance fraud scheme
  Moultrie Observer
  MOULTRIE, Ga. — Police this week rounded up three of four suspects in an insurance fraud scheme in which they are accused of damaging cars multiple times in order to file insurance claims. Georgia Insurance Commissioner Ralph Hudgens' office on ...
  
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