Insurance news

• Tropical Storm Darby Makes Landfall on Big Island of Hawaii: AIR

  25-07-2016 23:48
  
  Tropical Storm Darby, which formed off the coast of Mexico on July 11, quickly reaching hurricane status as it moved westward toward Hawaii finally reaching landfall on Monday, according to catastrophe modeling firm AIR Worldwide. However, the hurricane weakened on …
  
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• CyberSecurity: The next Regulatory Frontier for Insurance - Insurance News Net

  25-07-2016 23:01 via insurancenewsnet.com
  CyberSecurity: The next Regulatory Frontier for Insurance
  Insurance News Net
  Cybersecurity has emerged as one of the most critical issues facing government and industry alike. Recently we have seen an ongoing and almost daily presence of major cybersecurity events covering a wide swath of American businesses.
  
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• Smart Money Monday: Long-Term Care Insurance - Hawaii News Now

  25-07-2016 22:46 via hawaiinewsnow.com
  
  Smart Money Monday: Long-Term Care Insurance
  Hawaii News Now
  Steve: It's SmartMoney Monday, and we're wrapping up our series on long-term care insurance. If you've missed last week's segment, you can get caught up on our website. Today, I'm here with Chris Otto, from Bankoh Investment Services, Inc., a non-bank ...
  
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• Montana to hold hearings on proposed insurance rates - Billings Gazette

  25-07-2016 22:32 via billingsgazette.com
  
  Billings Gazette
  Montana to hold hearings on proposed insurance rates
  Billings Gazette
  GREAT FALLS — Commissioner of Securities and Insurance Monica Lindeen is asking for public input on proposed rate increases for health plans across the state. There will be two public hearings in the next couple of weeks to hear comments on rate ...
  A public look into health insurance premiumsJournal Inquirerall 8 news articles »
  
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• Single Mom's Search For Therapist Hampered By Insurance ... - NPR - NPR

  25-07-2016 22:24 via npr.org
  
  NPR
  Single Mom's Search For Therapist Hampered By Insurance ... - NPR
  NPR
  A 12-year-old boy named Strazh hangs from the monkey bars, staring at the ground. The other kids in the park in San Francisco aren't interested in him. And he's ...and more »
  
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• Single Mom's Search For Therapist Hampered By Insurance Companies - NPR

  25-07-2016 22:24 via npr.org
  
  NPR
  Single Mom's Search For Therapist Hampered By Insurance Companies
  NPR
  A 12-year-old boy named Strazh hangs from the monkey bars, staring at the ground. The other kids in the park in San Francisco aren't interested in him. And he's not interested in them. "I just like to play by myself," he says. Strazh has autism. Today ...and more »
  
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• Beam Dental insurance plans encourage oral hygiene compliance - Dentistry IQ

  25-07-2016 22:20 via dentistryiq.com
  Beam Dental insurance plans encourage oral hygiene compliance
  Dentistry IQ
  dental insurance, Beam Dental, Beam Toothbrush Editorial Director Pamela Maragliano-Muniz, DMD, discusses Beam Dental insurance plans, which offer perks for oral hygiene compliance. I recently had the pleasure of chatting with Alex Frommeyer, the ...
  
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• Aspen Re becomes Women in the Boardroom corporate member

  25-07-2016 22:00
  
  Aspen Re's position as corporate member opens to its senior-level female staff consulting sessions with Women in the Boardroom's CEO as well as more networking opportunities.
  
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• Lloyd's insurer may establish EU arm to weather Brexit - Business Insurance

  25-07-2016 21:55 via businessinsurance.com
  Financial Times
  Lloyd's insurer may establish EU arm to weather Brexit
  Business Insurance
  Reuters — Lloyd's of London underwriter Hiscox Ltd. said it would consider setting up an E.U.-based insurance company to weather the possible effect of Britain's decision to leave the European Union, sending its shares to an all-time high. The insurer ...
  Hiscox may set up EU-based insurance firmMarketWatchall 26 news articles »
  
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• Despite lack of hurricanes, claims abuse driving up Citizens insurance premiums in Florida - R Street

  25-07-2016 21:49 via rstreet.org
  Despite lack of hurricanes, claims abuse driving up Citizens insurance premiums in Florida
  R Street
  Last year, Florida marked 10 years since it was last hit by a hurricane. This “drought,” coupled with responsible reforms enacted by lawmakers in recent years, has allowed Florida's insurance market to recover from the unusually active 2004 and 2005 ...and more »
  
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• Arizona becomes the last state to provide health insurance to low-income children - Washington Post

  25-07-2016 21:26 via washingtonpost.com
  
  Washington Post
  Arizona becomes the last state to provide health insurance to low-income children
  Washington Post
  Arizona is rejoining a children's health insurance program for low and middle-income families, becoming the last state in the union to provide coverage for health care, dental care, speech therapy and other services to families who don't qualify for ...and more »
  
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• Zenefits Settles With Tennessee Regulators Over Insurance Violations - BuzzFeed News

  25-07-2016 21:14 via buzzfeed.com
  
  BuzzFeed News
  Zenefits Settles With Tennessee Regulators Over Insurance Violations
  BuzzFeed News
  The deal, which will allow Zenefits to continue operating in Tennessee, gives the startup a precedent to use in negotiations with regulators in other states. posted on Jul. 25, 2016, at 12:05 p.m.. William Alden. BuzzFeed News Reporter. Tweet. Tumblr ...
  Zenefits Settles With Tennessee Over Unlicensed Health Insurance SalesBloombergall 14 news articles »
  
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• Should Your Small Business Offer Health Insurance? | MONEY - Time - Money Magazine

  25-07-2016 20:52 via time.com
  
  Money Magazine
  Should Your Small Business Offer Health Insurance? | MONEY - Time
  Money Magazine
  Health insurance is expensive—and getting more so all the time. Does it make more sense for a small company to provide coverage (with employees paying ...
  STATEMENT BY SENATOR JOHN McCAIN ON HEALTH CHOICE ...Insurance News Net
  Reader's View: Don't blame Obamacare for health insurance costs ...Duluth News Tribune
  David Kersten: Insurance hikes end honeymoon for ObamacareRedding Record Searc
  
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• Clinton VP choice Tim Kaine helped win $100M verdict against Nationwide

  25-07-2016 19:10
  
  Tim Kaine, Clinton's choice for VP, made his reputation as a young lawyer on fair housing cases, winning a $100M verdict in 1998 against Nationwide Insurance for redlining.
  
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• Look out for insurance loopholes - gulfnews.com

  25-07-2016 19:03 via gulfnews.com
  Look out for insurance loopholes
  gulfnews.com
  Dubai: While the Dubai Health Authority (DHA) stipulates that all health insurance must cover chronic illnesses, residents need to scour the fine print. Those who are transferring from one insurance provider to another do have a coverage for pre ...
  
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• Regulators Say Kentucky Mine Operator Negligence Caused Fatal Accident

  25-07-2016 18:58
  
  Federal regulators have concluded that a Harlan County coal mine operator’s negligence resulted in a miner’s death earlier this year. A report issued by the Mine Safety and Health Administration found that Lone Mountain Processing’s Huff Creek No. 1 failed …
  
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• Great American Insurance to Acquire National Interstate Corporation - Insurance Journal

  25-07-2016 18:53 via insurancejournal.com
  
  Great American Insurance to Acquire National Interstate Corporation
  Insurance Journal
  National Interstate Corp. (National Interstate), based in Richfield, Ohio, announced it has agreed to be acquired by Great American Insurance Co. (Great American), a wholly-owned subsidiary of American Financial Group Inc. (AFG). Under the terms of the ...and more »
  
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• Louisiana Man Gets 10 Years for Arson Fire That Destroyed 3 Homes

  25-07-2016 18:49
  
  A 33-year-old Raceland, La., man has been sentenced to 10 years in prison after pleading guilty to arson in a fire that destroyed three homes last summer in Gheens. The Daily Comet reports Treiston Pierron pleaded guilty to three counts …
  
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• Great American Insurance to Acquire National Interstate Corporation

  25-07-2016 18:46
  
  National Interstate Corp. (National Interstate), based in Richfield, Ohio, announced it has agreed to be acquired by Great American Insurance Co. (Great American), a wholly-owned subsidiary of American Financial Group Inc. (AFG). Under the terms of the agreement, Great American …
  
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• Texas Attorney: Information-Heavy Healthcare a Huge Target for Cyber Crime

  25-07-2016 18:33
  
  Healthcare organizations contain a wealth of personal information, making them them the number one target for cyber breaches, according to a Houston-based attorney who specializes in healthcare privacy. Lynn Sessions, a partner in BakerHostetler’s Houston office, has been working with …
  
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• Woman’s Joplin Tornado-Related Suit Against Home Depot Tossed

  25-07-2016 18:22
  
  A federal judge has tossed out a woman’s lawsuit against Home Depot over the deaths of her husband and two children who had sought refuge inside the big-box store destroyed during the devastating 2011 tornado in Joplin, Mo. U.S. District …
  
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• CoVerica Promotes Sutter, Bracken and Sterlacci

  25-07-2016 18:21
  
  Dallas-based independent insurance agency CoVerica announced it has promoted three executives. John Sutter has been promoted to the position of president for CoVerica Inc. Sutter will continue to report to Mike Sterlacci, chairman and CEO, and will oversee retail operations …
  
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• AIG’s Jones Named COO at TDC Risk Management

  25-07-2016 18:20
  
  High net worth personal insurance firm TDC Risk Management (TDC), based in Maumee, Ohio, has hired Greg Jones as chief operating officer. Jones joins the closely held firm in support of its continued strong growth and further expansion of the business. …
  
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• NYC’s busy L subway tunnel line will close for 18 months in 2019

  25-07-2016 18:17
  
  The decision was forced by damage due to saltwater that flooded the system’s Canarsie Tube during Hurricane Sandy in 2012.
  
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• Flooding in China’s Hebei kills 114, causes $2.5 billion losses

  25-07-2016 18:03
  
  About 53,000 houses have collapsed from the floods and 30,000 hectares of crop have been destroyed, the Hebei government said.
  
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• Washington Tunnel Contractors File $11M Lawsuit

  25-07-2016 17:17
  
  The contractors who built Bertha the tunnel machine in Washington two years ago have filed a lawsuit seeking $11 million in extra pay. The Seattle Times reported that the contractors contend that their efforts working with tough soil conditions cost …
  
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• California Wildfires Gut Homes, Force Evacuations

  25-07-2016 17:12
  
  Thousands were forced to flee a wildfire burning in tinder-dry canyons in Southern California, authorities said. The fire has destroyed at least 18 homes in northern Los Angeles County. The blaze momentum two days after it broke out. About 300 …
  
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• Weather Service Determines Tornado Touched Down in Washington

  25-07-2016 17:06
  
  The National Weather Service says a tornado touched down near Coulee City as severe weather hit the Inland Northwest. The weather service confirmed the tornado touched down at about 3:30 p.m. Friday in the area, about 95 miles west of …
  
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• Insurance Costs Rise in Idaho County following Lawsuits

  25-07-2016 17:03
  
  Twin Falls County’s insurance premiums have gone up due to lawsuit settlements paid by Idaho Counties Risk Management Program. The Times-News reported that the county’s insurance payments have increased 58 percent over the past five years from $350,639 for the …
  
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• Advertorial: Seasonal water damage claims

  25-07-2016 16:05
  
  Burst pipes can damage electrical and mechanical systems, but not all equipment requires replacement
  
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• Judge Expected to Allow Suit Against Trump University to Proceed

  25-07-2016 14:48
  
  Just hours after Donald Trump accepted the Republican presidential nomination in Cleveland, a federal judge in San Diego said he plans to allow former students who claim to have been cheated by Trump University to take the billionaire candidate to …
  
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• UK Financial Services Firms ‘Will Retain’ EU Passporting Rights: Foreign Secretary

  25-07-2016 14:33
  
  British Foreign Secretary Boris Johnson said on Friday he expects the U.K. to retain the right for its financial firms to sell services across European Union member states after Britain’s exit from the bloc. Johnson, speaking to reporters in New …
  
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• BHSI Expands Financial Institutions Cover in Canada; Knight Leads Product Line

  25-07-2016 14:26
  
  Berkshire Hathaway Specialty Insurance (BHSI) announced that it is introducing four new executive & professional lines products for financial institutions and named Andrew Knight as national director of Financial Institutions, Executive & Professional Lines, in Canada. The new products are: …
  
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• Oscar, a Bay Area insurance option for 2017, touts tech pedigree - San Francisco Chronicle

  25-07-2016 14:00 via sfchronicle.com
  
  San Francisco Chronicle
  Oscar, a Bay Area insurance option for 2017, touts tech pedigree
  San Francisco Chronicle
  Starting next year, people in three Bay Area counties will have the option to choose a health insurer that goes by its first name, touts its mobile app and is backed by Silicon Valley venture capitalists. Oscar Insurance Corp. — which markets itself ...and more »
  
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• Future is bright for renewable energy market

  25-07-2016 14:00
  
  A buyers’ market for coverage and strong growth in renewable energy, particularly in solar and wind power, provides opportunity for agents and brokers looking to grow their book.
  
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• Pennsylvania Lawyer Sentenced for Insider Trading on Nationwide-Harleysville Merger

  25-07-2016 13:57
  
  A former partner at the law firm Fox Rothschild was sentenced on Friday to six months in prison for trading on inside information that a client at his law firm was about to announce a merger, prosecutors said. Herbert Sudfeld, …
  
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• Lloyd’s Has Potentially Large Exposure to Catastrophic Cyber Attack: Adsensa Review

  25-07-2016 13:57
  
  A review of almost 400 reinsurance contracts underwritten at Lloyd’s of London has revealed potentially significant vulnerabilities and exposures if a catastrophic cyber attack should occur. Analysis of 392 property and casualty reinsurance policies underwritten by a trio of reinsurers …
  
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• Lloyd’s Has Potentially Large Exposure to Catastrophic Cyber Attack: Adsensa Analysis

  25-07-2016 13:57
  
  A review of almost 400 reinsurance contracts underwritten at Lloyd’s of London has revealed potentially significant vulnerabilities and exposures if a catastrophic cyber-attack should occur. Analysis of 392 property and casualty reinsurance policies underwritten by a trio of reinsurers at …
  
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• Lawyer Sentenced for Insider Trading on Nationwide-Harleysville Merger

  25-07-2016 13:57
  
  A former partner at the law firm Fox Rothschild was sentenced on Friday to six months in prison for trading on inside information that a client at his law firm was about to announce a merger, prosecutors said. Herbert Sudfeld, …
  
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• 9 ways to double your business in one year

  25-07-2016 13:30
  
  Doubling your business is a worthy goal. Here are specific strategies you can implement to achieve it.
  
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• 8 ways social networks help identify fraud

  25-07-2016 13:30
  
  Shared social medial activity highlights the links and relationships between people, places and things.
  
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• UConn Plans Biological Risk Institute

  25-07-2016 13:00
  
  The University of Connecticut is establishing an Institute of Biological Risk. The school says the new institute will seek to understand and mitigate emerging threats to agriculture, natural resources, human health and the economy. That means studying climate change and …
  
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• Renaissance Alliance Names Christiansen as Managing Director, Business Development

  25-07-2016 13:00
  
  The Massachusetts-based agency coalition and services network, Renaissance Alliance Insurance Services, has named Michael R. Christiansen to the position of managing director, Strategic Business Development. In this role, Christiansen will work with management and business development teams on a range …
  
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• Here's what it cost to insure popular cars in the best states for car sales

  25-07-2016 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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• Colorado health care amendment's true cost to workers' comp

  25-07-2016 13:00
  
  The safety policies and procedures that are put in place by companies across Colorado to mitigate risk, avoid accidents and benefit consumers would all be jeopardized by Amendment 69.
  
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• Marsh Names South as President, US & Canada Unit; APAC, Middle East Realigned

  25-07-2016 11:24
  
  Marsh announced that it has appointed Martin South as president, U.S. and Canada division, effective Sept. 1, 2016. South will report to John Doyle, president of Marsh, and will be based in Marsh’s New York office. He will oversee Marsh’s …
  
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• Ironshore Files for IPO in U.S. After A.M. Best Review of Parent Firm Fosun

  25-07-2016 11:03
  
  Ironshore Inc., the insurer purchased by Chinese conglomerate Fosun International Ltd. last year, filed for an initial public offering in the U.S. after a ratings firm cited concerns about the parent firm’s financial strength. The company filed with an initial …
  
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• Administrator of Sept. 11 Victims’ Compensation Fund Leaving Post; Successor Named

  25-07-2016 10:00
  
  The administrator of the federal compensation fund for Sept. 11 victims is stepping down after five years. Sheila Birnbaum will leave her post as special master of the fund that disburses compensation awards to first responders, recovery workers and other …
  
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• Houston International Insurance Group Announces Senior Management Promotions - Insurance Journal

  25-07-2016 09:03 via insurancejournal.com
  
  Houston International Insurance Group Announces Senior Management Promotions
  Insurance Journal
  Houston International Insurance Group (HIIG) announced senior management promotions for its holding company, property/casualty underwriting operations and other business units. Peter Smith has been promoted to president of the holding company and ...
  
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• Houston International Insurance Group Announces Senior Management Promotions

  25-07-2016 09:00
  
  Houston International Insurance Group (HIIG) announced senior management promotions for its holding company, property/casualty underwriting operations and other business units. Peter Smith has been promoted to president of the holding company and will continue to report to Stephen L. Way, …
  
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