Insurance news

• State takes action against Flint cop's insurance agency - MLive.com

  04-08-2016 21:54 via mlive.com
  
  MLive.com
  State takes action against Flint cop's insurance agency
  MLive.com
  The door was locked at Select Insurance Services of Flint just before 3 p.m. on Thursday, Aug. 4. Print Email · Dominic Adams | [email protected] By Dominic Adams | [email protected] The Flint Journal Follow on Twitter on August 04, 2016 at 3:54 PM ...
  
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• You Might Be Surprised What Brides are Covering with Their Wedding Insurance - Essence.com

  04-08-2016 21:22 via essence.com
  
  Essence.com
  You Might Be Surprised What Brides are Covering with Their Wedding Insurance
  Essence.com
  Brides can't control every detail of their wedding day and things often don't go as planned. Unforeseen circumstances like bad weather, cancelled flights and delays with vendors happen all the time. However, with wedding costs averaging more than $30 ...
  
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• Agent-Broker Organic Growth Slows to 5-Year Low: Reagan Consulting

  04-08-2016 21:11
  
  Organic revenue growth in independent insurance agencies and brokerage fell to 4.0 percent for the second quarter of 2016, down sharply from 5.9 percent for the second quarter of 2015, and the lowest rate since 2011, as measured by the …
  
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• JLT Re Hires Woolstenhulme in Philadelphia

  04-08-2016 20:54
  
  JLT Re, a U.K. based reinsurance broking and consultancy provider, hired Micah Woolstenhulme in August as its Philadelphia, Pa., based head of risk and economic advisory. In his new role, he will report to the firm’s global head of analytics, David …
  
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• Sandy Spring Insurance Acquires The Advantage Group in Maryland

  04-08-2016 20:51
  
  Sandy Spring Insurance Corp., a subsidiary of Md. headquartered Sandy Spring Bancorp Inc., has acquired The Advantage Group Inc. Following the acquisition, The Advantage Group will continue to operate under its current name. It will ultimately rebrand to Sandy Spring …
  
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• China flooding caused $33 billion in economic damage last month

  04-08-2016 20:30
  
  Flooding in China last month caused about $33 billion in economic losses, with less than 2 percent of the sum covered by insurers, Aon Plc said.
  
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• How to Save on Medicare Supplement Insurance - Kiplinger Personal Finance

  04-08-2016 20:16 via kiplinger.com
  
  Kiplinger Personal Finance
  How to Save on Medicare Supplement Insurance
  Kiplinger Personal Finance
  Your odds of qualifying for a cheaper medigap plan are best if you're healthy and younger than 70. By Kimberly LankfordSee my bio, plus links to all my recent stories., August 4, 2016. Follow @Kiplinger. I'm spending almost $3,000 per year for medigap ...and more »
  
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• Judge for US lawsuits to stop insurance mergers may drop one case - Reuters

  04-08-2016 20:15 via reuters.com
  
  Reuters
  Judge for US lawsuits to stop insurance mergers may drop one case
  Reuters
  WASHINGTON The judge assigned to rule whether the U.S. government can block the mega-mergers of health insurers Aetna Inc (AET.N) and Humana Inc (HUM.N), and Anthem Inc (ANTM.N) and Cigna Corp (CI.N) said on Thursday it would be difficult for ...
  Will health insurance companies succeed where the GOP couldn't—in killing Obamacare?Salon
  Merger-challenged health insurers rethinking public exchangesBusiness
  
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• The Parents Guide to Insurance for College Students - ABC News

  04-08-2016 20:14 via abcnews.go.com
  The Parents Guide to Insurance for College Students
  ABC News
  Saying the last goodbye in the dorm parking lot, you realize more than ever that you can't protect your child from every risk. It's time to let go. But back at home, you can assemble a strong financial safety net. Knowing what your current insurance ...and more »
  
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• Big Brother, Big Insurance: Perfect Together - Wall Street Journal

  04-08-2016 19:13 via wsj.com
  
  WTNH Connecticut News (press release)
  Big Brother, Big Insurance: Perfect Together
  Wall Street Journal
  Regarding your editorial “ObamaCare and Big Insurance” (July 25): So the FTC is trying to block health-care insurance mergers that it deems anticompetitive; i.e., it's doing its job. The smallest of the Big Five health insurers has a $26 billion market ...
  Senator Seeking Health Insurance 'Horror Stories' Before August 10The Newtown Bee
  Health insurance rate increase hearingWTNH Co
  
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• State Auto Financial Reports Net Loss of $24.6M in Q2 2016

  04-08-2016 18:54
  
  Columbus, Ohio-based super regional insurer, State Auto Financial Corp. (STFC), has reported a second quarter 2016 net loss of $24.6 million, or $0.59 per diluted share, versus net income of $2.7 million, or $0.06 per diluted share, for the second …
  
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• Guarantee Co. of North America Names Barclay as Chief Underwriting Officer, P/C

  04-08-2016 18:54
  
  Toronto-based The Guarantee Company of North America announced that Donna Barclay has been appointed as chief underwriting officer, property/casualty, effective July 25, 2016. Barclay is responsible for ensuring the company “has compelling underwriting solutions to meet the complex and evolving …
  
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• Houston Tortilla Factory Fined Nearly $107K for Workplace Hazards

  04-08-2016 18:42
  
  Federal safety officials have proposed penalties of $106,700 against a Houston tortilla factory over unsafe conditions at the company’s workplace. The U.S. Department of Labor’s Occupational Safety and Health Administration initiated an investigation at the Houston Heights location of La …
  
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• North Dakota Company Faces $104K in Penalties for April Worker Injury

  04-08-2016 18:34
  
  The Occupational Safety and Health Administration has cited a LaMoure, N.D., company for an incident that injured a worker. OSHA says a worker at the Larson Grain Co.’s facility in Fredonia suffered multiple cuts in an April incident involving an …
  
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• Illinois Town Settles Sexual Harassment Lawsuit Against Mayor for $120K

  04-08-2016 18:33
  
  The village of Alsip, Ill., has settled a lawsuit alleging its mayor made unwanted sexual advances toward the Chicago suburb’s treasurer. The Daily Southtown reports the village will pay former treasurer Elizabeth Gonzalez $120,000 to settle the lawsuit filed in …
  
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• Chubb Enhances Cover for Commercial Entertainment Producers in UK & Ireland

  04-08-2016 18:27
  
  Chubb said it has enhanced insurance policy wording for companies producing television and other advertising commercials in the UK & Ireland, as the creative industry sector continues to grow and its risks evolve. The new wording includes a number of …
  
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• Refunds Due to 1,500 in Louisiana’s State Benefits Program

  04-08-2016 18:03
  
  About 1,500 people in Louisiana’s health insurance program for state workers, public school employees and retirees have been overcharged for their coverage and are due refunds. That’s the word from Gov. John Bel Edwards’ administration, which has released the preliminary …
  
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• McConnell, Anderson Join Hub International Midwest

  04-08-2016 18:01
  
  Hub International Midwest, a division of global insurance brokerage Hub International Limited (HUB), has added Edward W. McConnell and Clint W. Anderson in Chicago. McConnell joins as senior vice president, national staffing practice leader, responsible for employee benefits brokerage and …
  
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• Tropical Storm Earl weakens as it moves west over Belize

  04-08-2016 17:50
  
  Tropical Storm Earl will continue to weaken as it crosses Belize after coming ashore early Thursday with drenching rains and hurricane-strength winds.
  
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• Ironshore Names Stephens Branch Executive In San Francisco

  04-08-2016 17:14
  
  Ironshore Inc. has named Andrew M. Stephens branch executive of San Francisco for the West region. He will be responsible for distribution marketing and product development of commercial lines for U.S. field operations in the area, reporting to Adam J. …
  
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• Jury in California Awards $2.2M to Family of Man Killed by LAPD Officer

  04-08-2016 17:08
  
  A jury has awarded $2.2 million to the family of a man who was shot and killed by a Los Angeles police officer in a shooting that the police chief deemed justified and the district attorney declined to prosecute. Christian …
  
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• Arthur J. Gallagher Acquires Blue Horizon in California

  04-08-2016 17:04
  
  Arthur J. Gallagher & Co. has acquired Blue Horizon Insurance Services in San Diego, Calif. Terms of the deal were not disclosed. Ronald Zappelliand his team will continue to operate in San Diego under the direction of James G. McFarlane, …
  
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• Pfizer Agrees to $486M Settlement with Shareholders Over Concealing Drug Risks

  04-08-2016 16:22
  
  Pfizer Inc. on Tuesday said it has reached a $486 million settlement of litigation accusing it of causing big losses for shareholders by concealing safety risks associated with its Celebrex and Bextra pain-relieving drugs. The accord is subject to negotiation …
  
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• New Cyber Safety Ratings for Software Could Aid Insurers

  04-08-2016 15:38
  
  A famed hacker who nearly 20 years ago told Congress he could take down the internet in 30 minutes is now going after the computer software industry, whose standard practices all but guarantee that most products will be vulnerable to …
  
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• OSHA Cites Massachusetts Firm for Chemical Explosion

  04-08-2016 15:28
  
  A Massachusetts chemicals manufacturer has been cited by federal labor officials following a January explosion that injured four workers. The U.S. Department of Labor says an investigation by the Occupational Safety and Health Administration determined that Rohm-Haas Electronics Material failed …
  
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• AXA to Sell Its Romanian Life & Savings Operations to Vienna Insurance Group

  04-08-2016 15:10
  
  AXA said it has entered into an agreement with Vienna Insurance Group to sell its life & savings insurance operations in Romania and exit the Romanian market. Under the terms of the agreement, Vienna Insurance Group would acquire 100 percent of AXA Life Insurance …
  
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• Volkswagen Wants Investor Class Action Suit Dismissed

  04-08-2016 14:48
  
  Volkswagen AG and its former chief executive have asked a U.S. federal judge in California to dismiss lawsuits filed by American investors accusing the German automaker of deception involving its cheating on diesel emissions tests. VW late on Monday filed …
  
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• New York Regulator Has ‘Significant Concerns’ About Anthem-Cigna Merger

  04-08-2016 14:44
  
  New York’s insurance regulator has “significant concerns” about Anthem Inc.’s proposed $48 billion acquisition of rival health insurer Cigna Corp. and will hold a hearing to address them before deciding whether to approve the deal. The state Department of Financial …
  
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• Mother Nature contributes to higher auto claims in 2016

  04-08-2016 13:30
  
  Hail, thunderstorms and flooding affect much of the country.
  
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• What sends an insurance claim to court?

  04-08-2016 13:00
  
  Recognizing red flags can change the trajectory of a claim.
  
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• 7 cold calling tips to improve your closing rate

  04-08-2016 13:00
  
  Plan your questions, but don't follow a script. These and other cold-calling tips can help you close more sales.
  
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• 12 ways the U.S. is using nature to protect against natural disasters

  04-08-2016 13:00
  
  The insurance industry can do more to encourage natural risk protection. Here's a dozen examples of U.S. communities harnessing nature to protect against natural disasters.
  
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• Update: Earl Weakens from Hurricane to Tropical Storm as It Crosses Belize

  04-08-2016 12:56
  
  Tropical Storm Earl will continue to weaken as it crosses Belize after coming ashore early Thursday with drenching rains and hurricane-strength winds, the U.S. National Hurricane Center said. Earl was 90 miles (145 kilometers) west of Belize City with top …
  
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• Hurricane Earl Expected to Weaken When It Reaches Mexico’s Bay of Campeche

  04-08-2016 12:56
  
  Earl reached hurricane strength as it made landfall near Belize City, but is expected to weaken to a tropical depression on Friday when it reaches Mexico’s Bay of Campeche, where Petroleos Mexicanos operates offshore oil rigs. Earl was 50 miles …
  
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• UK Insurers Aviva and RSA Report Higher H1 Profits, Shrug Off Brexit Fallout

  04-08-2016 12:27
  
  Insurers Aviva Plc and RSA Insurance Group Plc shrugged off any fallout from the Brexit referendum by reporting higher first-half profit and increasing shareholder payouts. The shares rallied in London trading. Aviva, the U.K.’s second-largest insurer, posted a 13 percent …
  
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• West Virginia Workers’ Comp Rates to Decrease by 14%

  04-08-2016 06:54
  
  The National Council on Compensation Insurance filed a proposed drop of 14.7 percent in workers’ compensation loss cost rates with the West Virginia Insurance Commissioner. In response, West Virginia Gov. Earl Ray Tomblin says the state will save employers $36 …
  
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• Golf Cart Thefts Reported in 3 Mississippi Counties

  04-08-2016 06:27
  
  A man in Kiln, Miss., is accused of possessing a golf cart stolen from a state park there, and Hancock County Sheriff Ricky Adam says police in at least two neighboring counties also report recent golf cart thefts. Adam tells …
  
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• PIA of Georgia Names New Officers; Tillman Elected President

  04-08-2016 06:19
  
  Members of the Professional Insurance Agents of Georgia (PIA of Georgia) elected Hamilton Tillman serve as president at their annual meeting held at Lake Oconee, Georgia. Tillman is president of Tillman Insurance Agency, Valdosta, Ga., and specializes in business insurance …
  
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• Miami Agent Gets 2-Year Prison Sentence for Issuing Fake Insurance Policies

  04-08-2016 06:13
  
  A former insurance agent in Miami has been convicted and sentenced to prison on multiple felony charges, including creating fake insurance documents for his clients. The Florida Department of Financial Services’ Division of Investigative and Forensic Services (DIFS) announced Mandy …
  
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• PPIB in California Names Etter Vice President of Underwriting

  04-08-2016 00:29
  
  Professional Program Insurance Brokerage of Novato Calif. has named Susan Etter vice president of underwriting. Etter has been with PPIB for six years managing the underwriting and sales staff. Etter will continue to oversee the various contracts and programs at …
  
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