Insurance news

• Insurance industry news - Press Herald

  20-07-2016 23:28 via pressherald.com
  
  Press Herald
  Insurance industry news
  Press Herald
  542809 Nick Jobin_Clark Insurance Nicholas Jobin joined as an associate account manager in the business insurance services department. Jobin, of Westbrook, graduated from St. Joseph's College of Maine. 542809 Dana Hayward_Clark Insurance ...
  Maine's Clark Insurance Adds 4 EmployeesInsurance Journalall 2 news articles »
  
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• Can insurance help if you cancel a trip out of fear? - Philly.com

  20-07-2016 22:16 via philly.com
  
  Philly.com
  Can insurance help if you cancel a trip out of fear?
  Philly.com
  FILE - In this June 11, 2014 file photo, tourists stand below the Christ the Redeemer statue while it's covered by heavy fog, in Rio de Janeiro, Brazil. Between terror attacks, Zika and mass shootings, there's lots of bad news about popular ...and more »
  
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• Can insurance help if you cancel a trip out of fear? - Rapid City Journal

  20-07-2016 21:51 via rapidcityjournal.com
  
  Quartz
  Can insurance help if you cancel a trip out of fear?
  Rapid City Journal
  FILE - In this Nov. 24, 2015 file photo, police officers patrol the Grand Place in central Brussels. Between terror attacks, Zika and mass shootings, there's lots of bad news about popular destinations around the world. Where does that leave travelers ...
  Searches for travel insurance that protects against terrorism rose 200% last monthQuartzall 2 news articles »
  
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• Can insurance help if you cancel a trip out of fear? - The Seattle Times

  20-07-2016 21:30 via seattletimes.com
  
  The Seattle Times
  Can insurance help if you cancel a trip out of fear?
  The Seattle Times
  FILE – In this Nov. 24, 2015 file photo, police officers patrol the Grand Place in central Brussels. Between terror attacks, Zika and mass shootings, there's lots of bad news about popular destinations around the... (AP Photo/Michael Probst, File) More ...
  Searches for travel insurance that protects against terrorism rose 200% last monthQuartzall 2 news articles »
  
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• Ransomware hackers getting more advanced, targeted: Symantec

  20-07-2016 20:45
  
  Hackers using software to block data and then demand money in return are relying on increasingly advanced techniques more commonly seen in cyber-espionage cases.
  
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• Lawmaker proposes amendment to stop auto insurance rate hikes for seniors - Press Herald

  20-07-2016 20:44 via pressherald.com
  
  Lawmaker proposes amendment to stop auto insurance rate hikes for seniors
  Press Herald
  The amendment would prohibit insurance companies from charging older Mainers higher premiums based solely on their age. By J. Craig Anderson Staff Writer. [email protected] | @JCraigAnderson | 207-791-6390. Share. facebook · tweet.
  
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• How to get the best deal on home insurance - WTNH Connecticut News (press release)

  20-07-2016 20:14 via wtnh.com
  
  WTNH Connecticut News (press release)
  How to get the best deal on home insurance
  WTNH Connecticut News (press release)
  People stand next to a house collapsed from superstorm Sandy in East Haven, Conn. on Tuesday, Oct. 30, 2012. (AP Photo/Jessica Hill). (WTNH)– From wildfires to tornadoes, natural disasters happen all across our nation. People in our neck of the woods ...
  
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• Utah auditor: Local governments' insurance co-op suffers 'culture of excess' - Salt Lake Tribune

  20-07-2016 19:59 via sltrib.com
  
  Salt Lake Tribune
  Utah auditor: Local governments' insurance co-op suffers 'culture of excess'
  Salt Lake Tribune
  Board members of an insurance co-op for local governments enjoyed expensive overnight retreats with spouses at top hotels, high-end steak dinners and golf outings — and paid the chief of their trust a sky-high annual compensation of $432,000. Utah ...and more »
  
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• COA: School's insurance doesn't cover student who injured teacher - Indiana Lawyer

  20-07-2016 19:51 via theindianalawyer.com
  
  COA: School's insurance doesn't cover student who injured teacher
  Indiana Lawyer
  Although the Indiana Court of Appeals disagreed with parts of a trial court's ruling in an insurance coverage dispute, the judges affirmed the ruling that the insurance policy of a school where a student injured her teacher during class is not the ...
  
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• Southland Man Sentenced for Grand Theft After Posing as Insurance Agent - Insurance Journal

  20-07-2016 19:49 via insurancejournal.com
  
  Southland Man Sentenced for Grand Theft After Posing as Insurance Agent
  Insurance Journal
  A Southern California man has been sentenced for grand theft for posing as a licensed insurance broker, selling insurance to commercial truckers and then pocketing premiums. Cristian Raul Videla, 34, of Van Nuys, Calif., pleaded no contest this week to ...
  
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• Southland Man Sentenced for Grand Theft After Posing as Insurance Agent

  20-07-2016 19:48
  
  A Southern California man has been sentenced for grand theft for posing as a licensed insurance broker, selling insurance to commercial truckers and then pocketing premiums. Cristian Raul Videla, 34, of Van Nuys, Calif., pleaded no contest this week to …
  
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• Buffett taps familiar territory for latest insurance bet

  20-07-2016 19:45
  
  Warren Buffett's Berkshire Hathaway is diving deeper into its core competency: insurance.
  
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• AIG launches first primary cyber insurance against liability and bodily injury - Fast Company

  20-07-2016 19:12 via news.fastcompany.com
  
  Fast Company
  AIG launches first primary cyber insurance against liability and bodily injury
  Fast Company
  American International Group is launching a new line of insurance policies to cover cyberattack risks, including property damage, bodily injury, business interruption, and product liability, the company said. The company had already offered insurance ...and more »
  
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• North Carolina Restores Workers’ Ability to Sue Over Workplace Discrimination

  20-07-2016 18:59
  
  Minor changes to a North Carolina law limiting protections for LGBT people have been signed by the governor. Legislators left the law mostly intact during their yearly session. They did make a change requested by Republican Gov. Pat McCrory that …
  
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• Cross Insurance Acquires Maine’s Sargent, Tyler & West

  20-07-2016 18:53
  
  Maine’s Cross Insurance reported it has acquired another leading Maine insurance agency, Sargent, Tyler & West in Bangor, and its Bucksport branch office, Roland Grindle Insurance Agency. Sargent, Tyler & West has been in business for nearly 200 years. Michael …
  
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• Despite Having License Revoked by 2 States, Northern Illinois Agency Continues to Operate

  20-07-2016 18:50
  
  By taking advantage of legal appeals processes, an Illinois managing general agency has been able to continue operations for more than a year despite having its license revoked or non-renewed by two separate state insurance departments. Northern Illinois Insurance Agency, …
  
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• Insurance expert recommends flood coverage - fox2now.com

  20-07-2016 18:41 via fox2now.com
  
  Insurance expert recommends flood coverage
  fox2now.com
  ST. LOUIS, MO (KTVI) - Whether it be tornadoes, hurricanes, earthquakes, or mudslides, we cannot escape natural disasters. Joining us live from New York is Jeanne Salvatore from the Insurance Information Institute. She says that it's really important ...
  
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• Private Flood Insurance Bill Has Fannie, Freddie on Edge - National Mortgage News

  20-07-2016 18:38 via nationalmortgagenews.com
  
  National Mortgage News
  Private Flood Insurance Bill Has Fannie, Freddie on Edge
  National Mortgage News
  "Congress can encourage more private flood insurance while retaining the several protections that the GSEs and their servicers use to ensure that insurance coverage is appropriate, that claims are paid, and that properties are repaired after a flood ...and more »
  
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• Are Americans finally getting smarter about money?

  20-07-2016 18:35
  
  A new study does show more Americans are getting their financial acts together.
  
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• June Storms in Canada Cost Insurers More Than C$34 Million  

  20-07-2016 18:26
  
  The storms that hit Saskatchewan, Manitoba and Ontario in Canada on June 24 and 25 caused more than C$34 million ($25.9 million) in insured damage, according to estimates from Catastrophe Indices and Quantification Inc. (CatIQ).* Wind, flash floods and hail hit several areas, resulting in nearly 3,500 insurance …
  
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• Small Biz Health Insurance: Why It Pays To Migrate From Group To Individual Plans - Forbes

  20-07-2016 18:18 via forbes.com
  
  Albuquerque Business First (blog)
  Small Biz Health Insurance: Why It Pays To Migrate From Group To Individual Plans
  Forbes
  How One Small Business Owner Saved $25K On Health Benefits. Meet Sheryl White, small business owner. Sheryl inherited the Fiddly Fig, a Kansas City-based floral business that provides beautiful flowers, plants and gifts to customers across the country.
  A crash course in insurance options for small businesses in New MexicoAlbuquerque Business First (blog)all 3 news articles&
  
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• Minnesota Towns Continue to Struggle with Flood Damage

  20-07-2016 18:12
  
  Parts of east-central Minnesota are still trying to cope with floodwaters and subsequent damage nearly a week after torrential rains fell across a huge swath of the state. Kanabec County Sheriff Brian Smith told Minnesota Public Radio that communities flooded …
  
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• 2 New Insurers Approved for Doing Business in Arkansas

  20-07-2016 18:08
  
  Arkansas Insurance Commissioner Allen Kerr has approved two new out-of-state insurers to do business in the state. Medical Liability Alliance (MLA) of Jefferson City, Mo., has been granted authority to offer casualty insurance. MLA, a stock property/casualty insurance company formed in …
  
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• Prosecutors Reduce Counts Against Texas Lawyer in BP Oil Spill Fraud Case

  20-07-2016 18:02
  
  A Texas lawyer and six co-defendants are now facing a reduced indictment of 73 charges, instead of 95, at federal trial on accusations that they faked more than 40,000 damage claims after the BP oil spill in 2010. Online court …
  
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• Iowa Governor Issues Disaster Proclamation for 3 Counties

  20-07-2016 17:56
  
  A disaster emergency proclamation has been issued for three Iowa counties pummeled in weekend storms. The proclamation issued by Gov. Terry Branstad lets state resources be used in storm recovery in Benton, Humboldt and Wright counties. The storms damaged apartment …
  
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• Bassman Completes Acquisition of Ascend Insurance Brokerage

  20-07-2016 17:54
  
  Dallas-based Ascend Insurance Brokerage President and CEO Paul Bassman has closed on the acquisition of the company, purchasing the business from James Chippendale, who founded Ascend in 2001. Ascend specializes in the entertainment business and has placed coverage for hundreds of clients, …
  
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• Driverless cars could impact insurers - Business Insurance

  20-07-2016 17:48 via businessinsurance.com
  Business Insurance
  Driverless cars could impact insurers
  Business Insurance
  (Reuters) — As Internet-connected and, eventually, driverless vehicles roll off production lines, traditional motor insurers need to adapt to ward off competition from car manufacturers. Insurers have struggled for years to make a profit from motor ...and more »
  
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• Risk Managers Fear Cyber and Liability Risks of Autonomous Vehicles: Survey

  20-07-2016 17:38
  
  Cybersecurity is the biggest concern for companies evaluating risk in the nascent self-driving vehicle industry, according to a survey conducted by Munich Re. The world’s second-biggest reinsurer found that 55 percent of corporate risk managers surveyed named cybersecurity as their …
  
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• Allianz to guard dealmakers against M&A surprises in U.S. push

  20-07-2016 17:35
  
  Allianz SE, Europe’s largest insurer, is expanding in North America to guard commercial clients against risks in dealmaking.
  
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• Maine’s Clark Insurance Adds 4 Employees

  20-07-2016 17:29
  
  Maine’s Clark Insurance has added four employees in its Portland office. Nicholas Jobin of Westbook has been hired as an associate Aacount manager in the Business Insurance Services Department. Jobin is a graduate of St. Joseph’s College of Maine. Dana …
  
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• Motor Insurers Need to Adapt to Ward Off Competition from Car Manufacturers

  20-07-2016 17:27
  
    As internet-connected and, eventually, driverless vehicles roll off production lines, traditional motor insurers need to adapt to ward off competition from car manufacturers. Insurers have struggled for years to make a profit from motor insurance due to intense competition …
  
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• 5,400 Oregon Patients Notified of Records Breech

  20-07-2016 17:13
  
  Providence Health & Services in Oregon is notifying about 5,400 current and former patients that a former employee may have improperly accessed their patient records. Providence said in a statement that it learned of the breech in May during an …
  
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• 5,400 Oregon Patients Notified of Records Breach

  20-07-2016 17:13
  
  Providence Health & Services in Oregon is notifying about 5,400 current and former patients that a former employee may have improperly accessed their patient records. Providence said in a statement that it learned of the breach in May during an …
  
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• Pennsylvania Jury Clears NASCAR, Pocono Raceway in Lightning Death

  20-07-2016 17:10
  
  A jury has ruled that a Pennsylvania racetrack didn’t cause harm to a man killed by lightning minutes after an August 2012 NASCAR race was stopped. The Pocono Record reported that the jury ruled in favor of Pocono Raceway and …
  
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• Judge Tells Washington Woman to Repay $25K in Workers’ Comp Scam

  20-07-2016 17:08
  
  A Washington woman injured in a robbery at her workplace pleaded guilty this week to felony theft. Yurizan Cuevas, 33, of Federal Way, reportedly worked full time as a nanny while claiming she was too disabled to work Cuevas was …
  
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• Internet of Things Is Industry Disruptor that Could Benefit Innovators: Efma Report

  20-07-2016 17:06
  
  The steady advance of the internet of things (IoT) presents a huge number of opportunities for insurers – as well as threats, according to a digest published by Efma*. The rise in connected homes, connected cars and the use of …
  
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• Searches for travel insurance that protects against terrorism rose 200% last month - Quartz

  20-07-2016 17:03 via qz.com
  
  Quartz
  Searches for travel insurance that protects against terrorism rose 200% last month
  Quartz
  Travelers have understandably become more concerned about terrorism this year, but those worries reached a fever pitch last month. Searches for travel insurance that covers cancellations or interruptions due to terrorism surged 234% in June from the ...
  
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• Washington Judge Hears Challenge to Law Enabling Uber, Lyft to Unionize

  20-07-2016 17:01
  
  A U.S. judge on Tuesday wrestled with whether a lawsuit could proceed against the city of Seattle, Wash. over a local law which allows Uber and Lyft drivers to unionize. The litigation is unfolding amid a national debate over what …
  
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• Insurance premiums for public school, state workers to rise - Miami Herald

  20-07-2016 17:00 via miamiherald.com
  
  Insurance premiums for public school, state workers to rise
  Miami Herald
  The State and Public School Life and Health Insurance Board has approved an increase in health insurance premiums for many Arkansas public school employees and state employees. The Arkansas Democrat-Gazette (http://bit.ly/2a8vm4G ) reports that the ...and more »
  
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• Collateral lies need not invalidate insurance claims, court rules - The Guardian

  20-07-2016 16:59 via theguardian.com
  
  The Guardian
  Collateral lies need not invalidate insurance claims, court rules
  The Guardian
  Until now, insurers could reject any claim in its entirety if they found evidence of lies. Photograph: Alamy. Patrick Collinson. Wednesday 20 July 2016 10.59 EDT Last modified on Wednesday 20 July 2016 11.34 EDT. Share on Facebook · Share on Twitter ...
  Lied on an insurance claim? Your insurer may be forced to pay up regardless, court rulesTelegraph.co.uk
  'Collateral' lies need not spoil insu
  
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• Town Rejects $11 Million Settlement Offer from Sandy Hook Parents

  20-07-2016 16:57
  
  The town of Newtown, Connecticut has rejected an offer from two Sandy Hook parents to settle a lawsuit over the 2012 school shooting that claimed the lives of 26 students and faculty. The Hartford Courant reported that a deadline passed …
  
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• Starbucks move furthers private health insurance exchanges - Business Insurance

  20-07-2016 16:53 via businessinsurance.com
  Business Insurance
  Starbucks move furthers private health insurance exchanges
  Business Insurance
  Starbucks Corp. is the latest major employer to move health care coverage for its employees to a private exchange as exchange growth continues, though at a slower rate than earlier projections. Seattle-based Starbucks said Monday that it has signed ...and more »
  
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• Cross Insurance acquires Bangor-based competitor - Press Herald

  20-07-2016 16:52 via pressherald.com
  
  Cross Insurance acquires Bangor-based competitor
  Press Herald
  Cross Insurance has expanded its reach in Maine with the acquisition of a nearby, rival agency. Cross, which is one of New England's largest insurance agencies, acquired Bangor-based Sargent, Tyler & West, according to a release from Cross. For nearly ...and more »
  
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• Massachusetts Lawmakers Negotiating Ridesharing Bill Compromise

  20-07-2016 16:49
  
  Massachusetts House and Senate negotiators are set to begin hammering out a final version of a bill aimed at regulating ride-hailing services like Uber and Lyft. A six-member conference committee was scheduled to begin negotiations this week. The bills would …
  
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• Verisk Analytics Deepens Its Energy Industry Presence with Acquisition of Greentech Media

  20-07-2016 16:25
  
  Data provider Verisk Analytics Inc. is continuing to grow beyond its insurance industry roots with the announcement it will acquire Greentech Media Inc., an information services provider for the solar electricity and clean energy sector. Greentech Media will become part …
  
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• Leaders Tout Measure To Secure Life Insurance Payments - CBS Local

  20-07-2016 16:23 via chicago.cbslocal.com
  
  CBS Local
  Leaders Tout Measure To Secure Life Insurance Payments
  CBS Local
  CHICAGO (CBS) — Illinois State Treasurer Mike Frerichs and state legislators from both parties Tuesday asked Gov. Bruce Rauner to act quickly to sign legislation that would require insurance companies to notify beneficiaries of available death benefits.
  State Treasurer Calling On Governor To Sign Life Insurance BillFOX Illinoisall 3 news articles »
  
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• A crash course in insurance options for small businesses in New Mexico - Albuquerque Business First (blog)

  20-07-2016 16:22 via bizjournals.com
  Albuquerque Business First (blog)
  A crash course in insurance options for small businesses in New Mexico
  Albuquerque Business First (blog)
  For a lot of small businesses, health care can be one of those items far down the to-do list. But there's help. On Thursday Albuquerque Business First is hosting the Small Business Health Care Summit & Expo, a half-day event to help local businesses ...and more »
  
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• NY requires more insurance for boxers, mixed martial artists - Lockport Union-Sun & Journal

  20-07-2016 15:12 via lockportjournal.com
  
  WRGB
  NY requires more insurance for boxers, mixed martial artists
  Lockport Union-Sun & Journal
  ALBANY — New York will require $1 million coverage for life-threatening brain injuries and other new health insurance for both professional boxers and its first group of licensed mixed martial artists under regulations slated to take effect in September.
  NY makes insurance mandatory for MMA fightersWRGBall 6 news articles »
  
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• Beecher Carlson Adds Brainard as Innovation Chief, Names Darrr Practice Leader for National Casualty

  20-07-2016 14:52
  
  Atlanta-based Beecher Carlson Insurance Services has expanded its National Casualty Practice leadership team, creating a new innovation chief position and appointing a new practice leader. Sharon Brainard will take on the newly created role of chief innovation director for National …
  
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• Winners and losers in the state war over Obamacare Medicaid expansion - CNBC

  20-07-2016 14:50 via cnbc.com
  
  CNBC
  Winners and losers in the state war over Obamacare Medicaid expansion
  CNBC
  The U.S. Supreme Court decision that upheld most of Obamacare also rejected the section of the Affordable Care Act that would have compelled states to expand eligibility in their Medicaid programs to nearly all poor adults. That part of the ruling ...
  Insurance surcharge on smokers backfiresNWAOnline
  Early Retirees' Insurance Loss Can Harm Mental & Physical HealthPsychCentral.com (blog)
  Will Federal Officials Pr
  
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