Insurance news

• Cybersecurity task force looks to legislation, insurance - Bismarck Tribune

  19-07-2016 23:30 via bismarcktribune.com
  
  Bismarck Tribune
  Cybersecurity task force looks to legislation, insurance
  Bismarck Tribune
  Lt. Gov. Drew Wrigley, chairman of the Governor's Cybersecurity Task Force, left, gestures in October toward Mike Ressler, with the state ITD department, during a task force meeting at the state Capitol in Bismarck. Recent discussions have revolved ...
  
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• Justice Dept. Will Seek to Block 2 Health Insurance Mergers - New York Times

  19-07-2016 23:08 via nytimes.com
  New York Times
  Justice Dept. Will Seek to Block 2 Health Insurance Mergers
  New York Times
  Mark T. Bertolini, left, chief executive of Aetna, and Joseph R. Swedish, chief executive of Anthem, testified before a House panel in September about the companies' merger plans. Credit Jacquelyn Martin/Associated Press. The Justice Department is ...
  Antitrust officials reportedly preparing to block insurance mega-mergersWashington Post
  Justice Department to Challenge Two Health-Insurance MergersWall
  
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• Around the P&C insurance industry: July 20, 2016

  19-07-2016 22:49
  
  News from Solera, Allianz, DVIC and more.
  
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• WorkCompCentral Founder Remembered as ‘Innovative Thinker’

  19-07-2016 22:47
  
  The founder of WorkCompCentral died on Sunday in a motorcycle crash, according to employees at the website. David DePalo, 56, was reportedly in the Santa Monica Mountains near Malibu Hills, Calif. in the afternoon when he hit an embankment, according …
  
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• Smartphone Insurance Is The New Auto Insurance - Twice (blog)

  19-07-2016 22:02 via twice.com
  Twice (blog)
  Smartphone Insurance Is The New Auto Insurance
  Twice (blog)
  It's no secret that device dependency is here to stay. Consumers expect pretty much everything to be available via mobile device, whether it's their preferred retailer, their bank or even their healthcare provider. Everything is optimized for mobile ...
  
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• Buffett's Latest Insurance Bet Is Familiar Territory - Bloomberg

  19-07-2016 21:36 via bloomberg.com
  
  Business Insurance
  Buffett's Latest Insurance Bet Is Familiar Territory
  Bloomberg
  Gillian Tan is a Bloomberg Gadfly columnist covering deals and private equity. She previously was a reporter for the Wall Street Journal. She is a qualified chartered accountant. Facebook · Twitter · Email; Print; Share. Follow Us On Twitter · Like Us ...
  Berkshire Hathaway unit acquiring med mal insurerBusiness Insuranceall 59 news articles »
  
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• Summer-on-steroids kicks off with record global temperatures

  19-07-2016 21:05
  
  Last month wasn’t just the hottest June on record — it continued the longest-ever streak of record-breaking months: 14.
  
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• VW sued by NY over pollution linked to diesel cheat device

  19-07-2016 20:35
  
  VW’s legal woes are far from over, as evidenced by the states’ suits and ongoing criminal probes, despite its $15.3 billion settlement with regulators and customers in June.
  
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• Cybersecurity is biggest risk of autonomous cars, survey finds

  19-07-2016 20:16
  
  Munich Re found that 55% of corporate risk managers surveyed named cybersecurity as their top concern about self-driving cars.
  
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• Case of drone-mounted flame thrower may test U.S. FAA authority

  19-07-2016 20:05
  
  The father and son who posted videos of drones firing a handgun and incinerating a Thanksgiving turkey with a flame-thrower can be questioned by aviation regulators, a U.S. judge ruled.
  
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• G2 Insurance Services Names Fox-Foster Claims Manager in California

  19-07-2016 19:28
  
  G2 Insurance Services has named Martin Fox-Foster claims manager. Fox-Foster will be located in the company’s San Francisco office He will serve as a resource to G2 Insurance’s commercial clients, advocating on their behalf for a range of property/casualty, cyber …
  
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• HGGC/Integrity Partnership to Acquire Nebraska Insurance Marketing Firm

  19-07-2016 18:41
  
  Palo Alto, Calif.-based middle market private equity firm HGGC, has completed its equity investment in Integrity Marketing Group LLC (Integrity), an independent distributor of life/ health insurance products focused on serving the senior market. Concurrently, HGGC and Integrity announced they …
  
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• Takata Settles Airbags Lawsuit With Florida Driver’s Estate

  19-07-2016 18:40
  
  Takata Corp. agreed to settle a lawsuit in Florida with the estate of a driver of a Honda Civic who claimed to have been left a quadriplegic because of a dangerous airbag in the vehicle. Terms of the settlement weren’t …
  
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• BRP to Offer Excess Management Liability Through Great American

  19-07-2016 18:32
  
  Specialty underwriter and program administrator Business Risk Partners (BRP) has launched an excess management liability facility backed by Great American Insurance Group. The facility will provide up to $5 million in capacity, available standalone or sitting above BRP’s primary coverage …
  
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• Cunningham Lindsey Subsidiary, Vale, Launches Claims Consulting Service

  19-07-2016 18:11
  
  Dallas-based Vale Training, a Cunningham Lindsey company and an independent division specializing in training for adjusters and appraisers in the insurance claims industry, has launched Vale Consulting Services to provide seasoned executives as claims consultants to advise insurers, brokers and …
  
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• NW Wisconsin Flood Damage Up to $30M

  19-07-2016 18:04
  
  Flooding from recent heavy rains has caused $30 million dollars in damage in northwestern Wisconsin. State emergency management officials said that storms have caused nearly $1.8 million in damage to homes and businesses. Damage to roads, bridges and trails is …
  
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• NW Wisconsin Flood Damage Up to $30 M

  19-07-2016 18:04
  
  Flooding from recent heavy rains has caused $30 million dollars in damage in northwestern Wisconsin. State emergency management officials said that storms have caused nearly $1.8 million in damage to homes and businesses. Damage to roads, bridges and trails is …
  
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• AmTrust Drops Arbitrator-Bribery Claims Against Italian Ex-Broker Somma

  19-07-2016 17:40
  
  Insurance firm AmTrust Financial Services Inc. has filed to voluntarily dismiss all of its claims against one of its former insurance brokers in Italy who AmTrust alleged bribed an arbitrator. The arbitrator had been called in to settle a business …
  
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• Insurers, Private Hospitals in Houston Fighting over Patients’ Rates

  19-07-2016 17:36
  
  Insurance companies and private hospitals are facing off in Houston over how much to charge patients for “out-of-network” surgeries and procedures. According to the Houston Chronicle at least a dozen lawsuits have been filed in Houston in recent years over …
  
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• BHSI Expands into Transactional Liability Market with Underhill, 3 Others

  19-07-2016 17:29
  
  Berkshire Hathaway Specialty Insurance (BHSI) reported that it has expanded into Transactional Liability Insurance team in the U.S. and Canada and named Robert Underhill as senior vice president, head of Transactional Liability. The company also appointed Dan Crosby as vice …
  
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• Southern Colorado Wildfire Now 30 Percent Contained

  19-07-2016 17:06
  
  Firefighters are letting areas of a wildfire burn near Coaldale in southern Colorado because it is too dangerous to get into some wilderness areas, but they have managed to protect homes and contain 30 percent of the blaze as of …
  
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• Idaho University Denies Discriminating Against Mormon Player

  19-07-2016 17:02
  
  Idaho State University’s former assistant tennis coach and the university have denied allegations made in a lawsuit in which a former tennis player says he was discriminated against because of his Mormon faith. The Post Register reported that former coach …
  
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• 6 tips for safer international business travel

  19-07-2016 17:00
  
  Do you have employees traveling internationally? Here are six tips on how to keep them safe.
  
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• XL Catlin Opens Unit in Africa to Write Facultative and Treaty Reinsurance

  19-07-2016 16:24
  
  XL Catlin has established a new Reinsurance Unit focused on providing facultative and treaty reinsurance across Africa. Leading the team is Alex St James who has been appointed as head of Africa for XL Catlin’s Reinsurance operations. Additionally, XL Catlin …
  
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• AIR Worldwide Launches Global Resilience Practice with Kaniewski as Leader

  19-07-2016 16:01
  
  Catastrophe modeling firm AIR Worldwide (AIR) has formed a global resilience practice, which aims to support risk reduction and resilience initiatives across the globe. These initiatives are aimed at developing solutions to aid society’s efforts to better prepare for and …
  
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• Integro Names Ro as New York Operations Leader

  19-07-2016 15:14
  
  International broker and risk management firm Integro Insurance Brokers today announced the appointment of Esther Ro as New York operations leader. She succeeds Anne Anderson, who has taken on the role of North America Client Stewardship leader. Ro joined Integro …
  
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• Ascend CEO Paul Bassman Finalizes Acquisition of Entertainment Insurance Firm - Billboard

  19-07-2016 15:01 via billboard.com
  
  Billboard
  Ascend CEO Paul Bassman Finalizes Acquisition of Entertainment Insurance Firm
  Billboard
  Paul Bassman, president/CEO of Ascend Insurance Brokerage, has closed on the acquisition of the entertainment insurance firm, purchasing the business from its founder James Chippendale, who opened the Dallas-based company in 2001. A former label ...
  
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• Product recalls, and requests for coverage, on the rise

  19-07-2016 14:00
  
  Safety is at an all-time high, but so are product recalls. How are businesses and insurers responding?
  
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• Republican Platform Under Trump: Reinstate Glass-Steagall, Go Slow on Trade Pacts

  19-07-2016 13:38
  
  Republican National Convention delegates approved a platform Monday that calls for reinstating the Glass-Steagall Act and scaling back the Dodd-Frank financial overhaul, calling it the Democrats’ “legislative Godzilla.” The Glass-Steagall measure puts presumptive presidential nominee Donald Trump and his party in the company …
  
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• Travel|Suddenly Considering Travel Insurance? You're Not Alone. - New York Times

  19-07-2016 13:31 via nytimes.com
  New York Times
  Travel|Suddenly Considering Travel Insurance? You're Not Alone.
  New York Times
  Passengers wait at a check-in counter at Fiumicino Airport in Rome on July 18. Credit Telenews/European Pressphoto Agency. If the attacks in Nice, Brussels and Paris have you thinking about travel insurance, you're not alone. Industry experts say that ...
  
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• Are you a cold calling failure?

  19-07-2016 13:30
  
  If you hate cold calling, you aren't doomed. Follow these steps to turn a cold call into a hot lead.
  
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• States to Sue VW Over Diesel Scandal

  19-07-2016 13:23
  
  New York and Maryland are among several states planning to sue Volkswagen AG over the environmental damage done by devices that were designed by the carmaker to cheat on pollution-control tests. Maryland Attorney General Brian Frosh said Monday in a …
  
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• Here's what it cost to insure popular cars in the states where the most cars are sold

  19-07-2016 13:00
  
  If you live in one of these states, share this information with clients who are considering buying a new car.
  
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• BHSI Names Kremer as Head of Claims, Northern Europe

  19-07-2016 13:00
  
  Berkshire Hathaway Specialty Insurance Co. (BHSI) announced it has expanded its Northern European operations, appointing Ulrich Kremer as senior vice president, Claims, Northern Europe. Ulrich joins BHSI with nearly 16 years of experience as a lawyer and in the insurance …
  
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• Drivers Take Uber to UK Tribunal in Test Case that Could Threaten Business Model

  19-07-2016 12:38
  
  Two drivers took Uber to a British employment tribunal on Tuesday, arguing that the ride service is acting unlawfully by not offering rights such as holiday and sick pay, in a test case that could force the app to change …
  
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• 30 Best Workplaces in Finance and Insurance - Fortune

  19-07-2016 12:31 via fortune.com
  
  Fortune
  30 Best Workplaces in Finance and Insurance
  Fortune
  The Best Workplaces in Financial Services & Insurance ranking is based entirely upon feedback from more than 41,000 employees in the Financial Services & Insurance sector who completed Great Place to Work's Trust Index Employee Survey. Employees ...and more »
  
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• Malaysian Sovereign Fund Weighs Bid for Insurance Unit of Hong Leong Financial

  19-07-2016 12:00
  
  Khazanah Nasional Bhd., the $27 billion Malaysian sovereign fund, is weighing a bid for control of the insurance operations of billionaire Quek Leng Chan’s Hong Leong Financial Group Bhd., people with knowledge of the matter said. Khazanah is considering an …
  
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• Harnessing nature as a first line of defense against disasters

  19-07-2016 12:00
  
  Restoring, protecting, and enhancing natural systems can be a way to reduce storm and flood risk for communities, save taxpayers money, and help revitalize fish and wildlife populations.
  
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• Takata Engineers ‘Manipulated’ Results of Air-Bag Inflator Tests: Honda Audit

  19-07-2016 10:23
  
  Takata Corp., the air-bag supplier behind the industry’s largest ever recall, routinely manipulated results of air-bag inflator tests reported to Honda Motor Co., according to an ongoing audit commissioned by the parts maker and its biggest customer. Takata engineers removed …
  
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• Groups Press Dow-DuPont to Reveal Teflon Liabilities Before Merger Vote

  19-07-2016 09:00
  
  DuPont Co. and Dow Chemical Co. must tell shareholders before next week’s merger vote that they may face exposure to costly potential damages from claims that a chemical used to make Teflon caused cancer and other ailments, community activists told …
  
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• Retired Pro Wrestlers Sue WWE Over Head Injuries

  19-07-2016 08:00
  
  World Wrestling Entertainment Inc. was sued on behalf of Jimmy “Superfly” Snuka and dozens of other retired wrestlers who claim the company hid the long-term effects of neurological injuries from years of being pounded in and out of the ring. …
  
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• Massachusetts Lowers Employer Assessment for Workers’ Compensation

  19-07-2016 08:00
  
  The Massachusetts Department of Industrial Accidents (DIA) reduced the assessment that private employers pay to the state on workers’ compensation policies to 5.6 percent of the policy premium for the new fiscal year, down from 5.75 percent during the last …
  
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• Mississippi Study: Most Residents Ignore Wireless Emergency Weather Alerts

  19-07-2016 07:11
  
  A study by two University of Southern Mississippi researchers on the effectiveness of emergency alerts has revealed some surprising results. David Cochran and Bandana Kar, associate professors in the Department of Geography and Geology, recently concluded work with the Department …
  
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• Florida Steps up Fraud Fight With New Division of Investigative and Forensic Services

  19-07-2016 06:54
  
  The Florida Department of Financial Services is enhancing its law enforcement strategy to fight fraud in the state by integrating its current units housed within DFS and forming the Division of Investigative and Forensic Services, according to a statement from …
  
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• 4 Promoted to Vice President Positions at M3 Insurance

  19-07-2016 03:20
  
  Wisconsin-based M3 Insurance has promoted Tim Cleary, Matt Cranney, Nezih Hasanoglu and Zach Penshorn to vice president positions. Cleary, Cranney, Hasanoglu and Penshorn have accepted these leadership roles, respectively, in the areas of Sales for Property/Casualty, Insurance Operations, Business Development and Human …
  
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• Arkansas Recovers More than $1.5M for Insurance Consumers in First Half of 2016

  19-07-2016 03:12
  
  Arkansas Insurance Commissioner Allen Kerr says the Consumer Services Division (CSD) of the Arkansas Insurance Department recovered $1,580,421 for Arkansas insurance customers in the first six months of 2016. The amounts recovered for Arkansas consumers by CSD are in excess …
  
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• CDC Assisting Utah Investigation of Zika Virus Infection

  19-07-2016 02:48
  
  The Centers for Disease Control is assisting in the investigation of a case of Zika in a Utah resident who is a family contact of the elderly Utah resident who died in late June. The deceased patient had traveled to …
  
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• Berkshire Hathaway Purchasing New York Medical Liability Insurer

  19-07-2016 02:04
  
  Berkshire Hathaway subsidiary National Indemnity Co. is acquiring Medical Liability Mutual Insurance Co. of New York for an undisclosed price. The deal comes as the insurer completes its conversation from a mutual company to a stock insurer. The insurer is …
  
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