Insurance news

• Regulator: New Britain Man Defrauded Customers, Insurance Companies - Hartford Courant

  10-08-2016 22:58 via courant.com
  
  Regulator: New Britain Man Defrauded Customers, Insurance Companies
  Hartford Courant
  A New Britain man who sold life insurance, accident insurance and limited health insurance from two carriers over the course of 2014 and 2015 has had his producer license revoked by the Connecticut Insurance Department after a year-long investigation.and more »
  
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• Here's How Much Your Health Insurance Premiums Could Go Up Next Year - Fortune

  10-08-2016 22:36 via fortune.com
  
  Fortune
  Here's How Much Your Health Insurance Premiums Could Go Up Next Year
  Fortune
  They'll probably rise more than your income will. The majority of working Americans receive health care benefits from their employer. And most of them should expect their insurance premiums to rise more than their wages do in 2017. Employers' costs of ...
  Your Health Insurance Will Cost More Next Year: Here's What's ...The Fiscal Times
  Hikes In Employees' Health Premiums To Outpace Raises AgainNPR
  Specialt
  
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• Health insurance co-op sues federal government, says it's owed $22.9 million - Press Herald

  10-08-2016 22:26 via pressherald.com
  
  Press Herald
  Health insurance co-op sues federal government, says it's owed $22.9 million
  Press Herald
  Community Health Options says a program to cover higher-than-expected costs under the Affordable Care Act hasn't helped offset losses incurred in 2015. By Edward D. Murphy Staff Writer. [email protected] | 207-791-6465. Share. facebook · tweet.
  Maine's only health insurance co-op sues feds over $23 millionBangor Daily Newsall 4 news articles »
  
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• Philly D.A. charges 32 in massive auto-theft and insurance fraud ring - Philly.com

  10-08-2016 21:58 via philly.com
  
  Philly.com
  Philly D.A. charges 32 in massive auto-theft and insurance fraud ring
  Philly.com
  District Attorney Seth Williams (front) and Police Commissioner Richard Ross announce charges against 32 individuals and three corporations in a massive auto-theft and insurance fraud ring during a news conference Wednesday, Aug. 10, 2016. by Chris ...
  Philly DA charges dozens in auto theft, insurance fraud ringMetro.usall 8 news articles »
  
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• Crain Communications Shutters 'Business Insurance' - MediaPost Communications

  10-08-2016 21:44 via mediapost.com
  
  MediaPost Communications
  Crain Communications Shutters 'Business Insurance'
  MediaPost Communications
  Crain Communications is ending its Business Insurance brand after nearly 50 years in operation. The company said this decision will “allow for increased focus on products with higher growth potential.” The Aug. 1 issue of Business Insurance was its ...
  Crain Communications shuts down Business Insurance brandCrain's Detroit Businessall 4 news articles »
  
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• The verdict's in: Jury awards $8.2M for workplace injury

  10-08-2016 21:00
  
  A laborer fell 18 feet, landed on concrete and suffered severe head trauma
  
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• Farmers Insurance to offer food truck policy in Illinois - Chicago Tribune

  10-08-2016 20:47 via chicagotribune.com
  
  Chicago Tribune
  Farmers Insurance to offer food truck policy in Illinois
  Chicago Tribune
  Manager Christmas Woods hands out a kebab to a customer as lunch time crowds gather around the Doner Men food truck parked Aug. 10, 2016, along North Columbus Drive near Randolph Street in Chicago. Farmers Insurance will soon launch an ...
  
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• Balancing cash flow and insurance costs - New Jersey 101.5 FM Radio

  10-08-2016 20:21 via nj1015.com
  
  New Jersey 101.5 FM Radio
  Balancing cash flow and insurance costs
  New Jersey 101.5 FM Radio
  Q. My father has a whole life policy for which he pays $5,000 a year. His cash flow is tight and he doesn't need the insurance, but he says he wants to give me an inheritance. What should he do? — Loving son. A. Life insurance is an important part of ...
  
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• California Commissioner Asks Consumer Watchdog to Retract News Release

  10-08-2016 20:09
  
  California Commissioner Dave Jones on Wednesday asked Consumer Watchdog to retract a news release about State Farm that he said “includes inaccurate statements and is misleading.” The Consumer Watchdog news release issued on Tuesday was picked up by media outlets, …
  
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• Forest fires in Portugal kill 4, force thousands to evacuate

  10-08-2016 20:07
  
  Forest fires are raging in northern Portugal and the island of Madeira, killing four, destroying homes and forcing thousands of residents and tourists to evacuate.
  
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• Questionable Ferrari Loss Leads to Claim Withdrawal

  10-08-2016 18:56
  
  Shannon Navejas, special investigator 2 with Mercury Insurance, shares how a claim for a 2000 collector edition Ferrari valued at $188,000 went up in smoke as a result of a thorough investigation which included the use of background checks, a …
  
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• Where Does It Make the Most Sense to Raise Your Home Insurance ... - TheStreet.com

  10-08-2016 18:50 via thestreet.com
  
  TheStreet.com
  Where Does It Make the Most Sense to Raise Your Home Insurance ...
  TheStreet.com
  Raising your homeowners insurance deductible will save you money in the short term, but it's a more lucrative proposition in some states than others.and more »
  
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• Where Does It Make the Most Sense to Raise Your Home Insurance Deductible? - TheStreet.com

  10-08-2016 18:50 via thestreet.com
  
  TheStreet.com
  Where Does It Make the Most Sense to Raise Your Home Insurance Deductible?
  TheStreet.com
  Raising your homeowners insurance deductible will save you money in the short term, but it's a more lucrative proposition in some states than others. Jason Notte. Follow. Aug 10, 2016 12:04 PM EDT. Want to gamble on raising your home insurance ...and more »
  
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• Researchers Say Bounce Houses Raise Heat Safety Concern

  10-08-2016 18:50
  
  Heat safety issues in bounce houses can put children in danger, according to a new University of Georgia study. Expanding on the concept of microclimates like those in parked vehicles that cause serious injuries to children, the study investigated potential …
  
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• Group Seeks to Make New Orleans House into Hurricane Katrina Memorial

  10-08-2016 18:49
  
  A house that was flooded by Hurricane Katrina could become a memorial to the catastrophic storm that nearly wiped New Orleans off the map 11 years ago. The city planning commission will consider a request by the group Levees.org for …
  
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• 5 Reappointed to Texas FAIR Plan Governing Board

  10-08-2016 18:43
  
  Texas Commissioner of Insurance David Mattax has reappointed five members to serve on the Fair Access to Insurance Requirements (FAIR) Plan Governing Committee. The FAIR Plan provides residential property insurance in underserved areas where it’s not readily available through the …
  
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• Dallas-Based AT&T to Pay Nearly $7.8M to Settle ‘Cramming’ Cases

  10-08-2016 18:42
  
  AT&T has agreed to pay nearly $7.8 million to settle government allegations of unauthorized third-party charges for directory assistance services not provided. The Federal Communications Commission on Monday announced the settlement with the Dallas-based telecommunications giant. Billing for unauthorized charges …
  
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• Hallenbeck to Retire, Freese to Become President at EMC Reinsurance

  10-08-2016 18:33
  
  Ron Hallenbeck, who has served as president of Des Moines, Iowa-based EMC Reinsurance Co. for nearly 22 years, is retiring on Aug. 19. Vicki Freese, assistant reinsurance manager, will assume the position of president of EMC Reinsurance upon Hallenbeck’s retirement. …
  
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• Kansas Couple Sues Over Internet Glitch that Led to Fraud Accusations

  10-08-2016 18:32
  
  A couple who rented a Kansas farmhouse is suing a company over an internet glitch that brought them numerous legal problems. The glitch put the coordinates for the center of the U.S. in the front yard of James and Theresa …
  
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• New York Woman Faces 5 Years in Prison for Stealing $492K from Employer

  10-08-2016 18:31
  
  A 61-year-old New York woman has been sentenced to prison time for stealing nearly half a million dollars from her longtime employer. The Erie County District Attorney’s Office said Bernadette Szymanski of Cheektowaga, N.Y., was sentenced Monday to up to five years …
  
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• Revett Named AVP at Texas-Based LevelFirst

  10-08-2016 18:30
  
  LevelFirst, the wholesale broker and MGA binding facility owned by IIAT Services Co., has appointed Bryan Revett as assistant vice president. Revett will assume the responsibility of brokering new business opportunities within the wholesale brokerage and MGA business units. Most …
  
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• Derailed Train Car Hits Iowa Bar, DeRailed

  10-08-2016 18:29
  
  Police say a freight train car that derailed in northern Iowa rolled into and damaged a trackside tavern called DeRailed. Police Chief Hugh Anderson says the accident occurred around 4 a.m. on Aug. 9 as crews moved rail cars and …
  
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• New York Warns Against Selfies While Driving

  10-08-2016 18:28
  
  Authorities are warning N.Y. drivers against taking selfies, citing a national review suggesting they are among the most likely to do it. It’s generally illegal except in an emergency to use a handheld mobile device while driving in the Empire …
  
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• Seattle driver-for-hire union law escapes court challenge

  10-08-2016 18:05
  
  The question of whether Uber and Lyft drivers can unionize is part of a larger fight over how sharing economy companies treat their workforce.
  
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• Zeppelin Loses Fight over Legal Fees In ‘Stairway’ Copyright Case

  10-08-2016 17:35
  
  Led Zeppelin may have won the copyright war over its creation of “Stairway to Heaven,” but it lost its battle this week to recoup nearly $800,000 in defense fees. Judge R. Gary Klausner ruled that the band’s songwriters, record label …
  
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• Boston Brownstone Fire Causes $1M in Damage

  10-08-2016 17:14
  
  Fire officials said a four alarm blaze tore through a home under renovation in South Boston and caused an estimated $1 million in damage. Commissioner Joseph Finn said the fire at the East 4th Street property broke out at about …
  
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• Maryland-Based Schinnerer Appoints Castillo to Director of Risk Management

  10-08-2016 17:08
  
  Victor O. Schinnerer & Company Inc., has hired Yvonne Castillo as the director of its risk management division. She will be based in the firm’s Chevy Chase, Md., headquarters and will report to Jill Tellaz, the firm’s professional liability leader. …
  
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• Crystal & Co. Names Borges Director in California

  10-08-2016 17:02
  
  Shannon Borges has been hired as a director at Crystal & Co. Borges is based in Newport Beach, Calif.. He specializes in employer benefits and executive management insurance coverage, with a focus on identifying and analyzing employers’ benefits exposures. Borges has more than 23 …
  
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• Pimco Total Return Boosts U.S. Treasury Stake to Most in 25 Months

  10-08-2016 16:42
  
  Pacific Investment Management Co.’s Total Return Fund increased its stake in U.S. government debt to a 25-month high in July as rally in Treasuries pushed yields to an all-time low and then fizzled. Pimco is owned by Allianz Asset Management …
  
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• Alliant Names Beacock First Vice President in California

  10-08-2016 16:39
  
  Alliant Insurance Services Inc. has named Julie Beacock first vice president within its Newport Beach, Calif.office, Beacock will be part of Alliant’s West Coast employee benefits team and will work with a portfolio of public and private sector clients. Beacock …
  
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• Bank of England Survey Bolsters View of Weaker UK Economy

  10-08-2016 16:31
  
  Growth slowed across British business services and consumer spending eased last month, a Bank of England survey showed, offering a more mixed picture of the economy than some of the gloomier indicators since June’s Brexit vote. The BoE released some …
  
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• Air Pollution Affects Many London Parks

  10-08-2016 16:10
  
  London is famous for its numerous parks and gardens, but even those green spaces aren’t safe from pollution. The air in many city parks surpass legal limits for nitrogen oxide set by the European Union, according to data website Asiopendata.com. …
  
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• Delta System Failure Highlights Need for Airline Technology Upgrade

  10-08-2016 15:48
  
  The failure of Delta Air Lines Inc.’s worldwide computer network this week spotlights the vulnerability of the information systems sustaining the biggest U.S. carriers, each of which has contended with major disruptions during the last year. Complex networks cobbled together …
  
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• Read This Before You Buy Travel Insurance | MONEY - Time - Money Magazine

  10-08-2016 15:02 via time.com
  
  Money Magazine
  Read This Before You Buy Travel Insurance | MONEY - Time
  Money Magazine
  Travel insurance can deliver peace of mind but it's not a panacea, and you absolutely need to read the fine print.and more »
  
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• Read This Before You Buy Travel Insurance - Money Magazine

  10-08-2016 15:02 via time.com
  
  Money Magazine
  Read This Before You Buy Travel Insurance
  Money Magazine
  With fears about Zika outbreaks and terrorist incidents on every traveler's mind, you may be wondering if you should consider buying travel insurance for your next trip. Before you decide, here's what you need to know about the options, what you can ...and more »
  
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• Media Vet Business Insurance Abruptly Shuts Down; Industry Consolidation, 'Continued Structural Changes' Blamed - Claims Journal

  10-08-2016 14:46 via claimsjournal.com
  
  Insurance Business America
  Media Vet Business Insurance Abruptly Shuts Down; Industry Consolidation, 'Continued Structural Changes' Blamed
  Claims Journal
  Business Insurance – a well-known industry publication for 49 years, has been abruptly shut down by parent company Crain Communications. The final issue of Business Insurance came out on Aug. 1. The publication's website, its businessinsurance.com, ...
  Crain Communications shuts down Business Insurance brandCrain's Detroit Businessa
  
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• Hoarding and Homeowners Insurance: 7 Warning Signs That Could Cost You - TheStreet.com

  10-08-2016 14:44 via thestreet.com
  
  TheStreet.com
  Hoarding and Homeowners Insurance: 7 Warning Signs That Could Cost You
  TheStreet.com
  Hoarders are up against many potential hazards and challenges, including the risk of losing their homeowners insurance. Learn the warning signs and tips to protect your homeowners insurance policy. Laura Adams. Follow. Aug 10, 2016 8:41 AM EDT.
  
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• Syracuse Homeowners Voice Concerns Over Potential Flood ... - TWC News

  10-08-2016 14:38 via twcnews.com
  
  TWC News
  Syracuse Homeowners Voice Concerns Over Potential Flood ...
  TWC News
  Syracuse homeowners had a chance for their voice to be heard Tuesday night. Hundreds of people may have to pay for flood insurance if their property falls ...
  Many in flood zones don't carry flood insuranceMarketplace.org
  The National Flood Insurance Program Must Be Improved: 5 Ways to ...The Equation: Blog of the Union of Concerned Scientists (blog)all 7 news articles »
  
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• Syracuse Homeowners Voice Concerns Over Potential Flood Insurance Costs - TWC News

  10-08-2016 14:38 via twcnews.com
  
  TWC News
  Syracuse Homeowners Voice Concerns Over Potential Flood Insurance Costs
  TWC News
  Syracuse homeowners had a chance for their voice to be heard Tuesday night. Hundreds of people may have to pay for flood insurance if their property falls within the new FEMA floodplain map. Erin Bischoff explains how those property owners will be ...
  The National Flood Insurance Program Must Be Improved: 5 Ways to Promote Climate ResilienceThe Equation: Blog of the Union of Concerned Scientists (blog
  
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• Your Health Insurance Will Cost More Next Year: Here's What's ... - The Fiscal Times

  10-08-2016 14:34 via thefiscaltimes.com
  
  The Fiscal Times
  Your Health Insurance Will Cost More Next Year: Here's What's ...
  The Fiscal Times
  The cost of getting your health insurance through work will go up an average of 5 percent next year, according to a new survey of large employers by the ...
  Hikes In Employees' Health Premiums To Outpace Raises AgainNPR
  Large U.S. Employers Project Health Benefit Cost Increases to Hold Steady at 6 ... - National Business Group on HealthNational Business Group on Health (NBGH): National Busin
  
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• Will InsurTech startups take over your drone insurance business? - Insurance Business America

  10-08-2016 14:15 via ibamag.com
  
  Insurance Business America
  Will InsurTech startups take over your drone insurance business?
  Insurance Business America
  More than half a million drones have been registered with the US Federal Aviation Administration since December 2015, setting the personal and commercial drone space up as what many insurance professionals consider among the biggest emerging ...and more »
  
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• 3 old-school selling techniques you must avoid

  10-08-2016 13:30
  
  These vintage sales techniques are now the kiss of death.
  
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• John Nelson on how Brexit will impact Lloyd's of London [video]

  10-08-2016 13:16
  
  In the wake of Brexit, Lloyd's of London's contingency plan is being put into action.
  
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• John Nelson on how Brexit will impact Lloyd's of London

  10-08-2016 13:16
  
  In the wake of Brexit, Lloyd's of London's contingency plan is being put into action.
  
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• The Insurance Renaissance - PropertyCasualty360

  10-08-2016 13:01 via propertycasualty360.com
  
  PropertyCasualty360
  The Insurance Renaissance
  PropertyCasualty360
  With the emergence of new technologies, new demographics and the falling of industry boundaries, we are seeing the growing demand for new, innovative and (in many cases) personalized insurance products than ever before. (Photo: iStock). Today's ...
  
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• As insurance fraudsters get smarter, so do investigators and their methods - PropertyCasualty360

  10-08-2016 13:01 via propertycasualty360.com
  
  PropertyCasualty360
  As insurance fraudsters get smarter, so do investigators and their methods
  PropertyCasualty360
  Rule-based analytics are allowing insurers to sift through large amounts of data by highlighting claims that require more investigation. (Photo: Shutterstock). Technology permeates every aspect of our lives, from the way we buy our goods to how we ...and more »
  
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• The Insurance Renaissance

  10-08-2016 13:00
  
  Today’s Insurance Renaissance shares one very clear trait with the Renaissance of the 1400’s — in both cultures we find the thirst for reality.
  
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• How did this company cut its injury claims? By aiming at the bottom

  10-08-2016 13:00
  
  SMS Holdings Corp.'s message of “Stop. Think. Act.” and a set of revised protocols earns it a National Underwriter Excellence in Workers’ Compensation Risk Management Award.
  
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• As insurance fraudsters get smarter, so do investigators and their methods

  10-08-2016 13:00
  
  In the battle against insurance fraud, evolving technology is the main weapon.
  
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• Researchers Link Global Warming to Rise in Waterborne Illnesses

  10-08-2016 11:18
  
  Rising global temperatures are clearly linked to increasing waterborne food poisoning, particularly from eating raw oysters, along with other nasty infections, a new study shows. About a dozen species of vibrio bacteria make people sick from eating raw or undercooked …
  
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