Insurance news

• OSHA Launches Expedited Whistleblower Review Pilot in Western Region

  17-08-2016 23:03
  
  The U.S. Department of Labor is launching a pilot process in its Western region called the “Expedited Case Processing Pilot,” which enables a complainant covered by certain statutes to ask the Occupational Safety and Health Administration to cease its investigation …
  
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• LP Insurance in Nevada Names Perchetti, Vice President and Shareholder

  17-08-2016 22:46
  
  Reno, Nev.-based LP Insurance Services Inc. has named Tina Perchetti vice president and shareholder. Perchetti provides clients in northeastern Nevada with commercial insurance products and risk management services. She worked in financial services before insurance. LP Insurance is a risk …
  
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• Health Insurer's Exit from Obamacare Leaves Little Insurance Choice - U.S. News & World Report

  17-08-2016 22:30 via usnews.com
  
  U.S. News & World Report
  Health Insurer's Exit from Obamacare Leaves Little Insurance Choice
  U.S. News & World Report
  Rural counties are increasingly facing a threat of only one – or no – health insurance options. By Kimberly Leonard | Staff Writer Aug. 17, 2016, at 4:29 p.m.. MORE. LinkedIn · StumbleUpon · Google +; Cancel. Aetna's Exit From Obamacare Constricts ...
  Another blow to ObamacareNational Review Online
  Aetna Shows Exactly Why We Need Single Pay
  
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• An Antidote to Medical Provider Fraud within the P&C Industry

  17-08-2016 21:56
  
  Learn how LexisNexis® Claims Medical Discovery helps P&C and Workers’ Comp carriers identify potentially fraudulent medical provider behavior by resolving provider identities, revealing anomalous patterns and utilizing analytics to monitor suspect providers.
  
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• Insurance Startup Oscar Posts Obamacare Losses in Three States - Bloomberg

  17-08-2016 20:53 via bloomberg.com
  
  Insurance Startup Oscar Posts Obamacare Losses in Three States
  Bloomberg
  Oscar Insurance Corp., the startup backed by Silicon Valley investors, posted losses in New York, Texas and California in the first half of the year, the latest example of insurers both large and small losing money in new markets created by President ...
  
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• This drug could end America’s painkiller epidemic

  17-08-2016 19:50
  
  Help could be on the way from scientists that could radically alter the American landscape of painkiller addiction and untimely death.
  
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• Fires, floods, and scorchers: Earth destroys yet another heat record

  17-08-2016 18:55
  
  As more than 100,000 Americans flee destructive wildfires in California and floods in Louisiana, a new record for planet-wide heat is set.
  
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• Endurance Global Risk Solutions Launches Environmental Liability Products

  17-08-2016 18:50
  
  Endurance Specialty Holdings Ltd. has launched a new series of environmental liability insurance products, offering both primary and excess coverage for single sites or property portfolios. Endurance’s new products include a site environmental impairment liability product, which provides eight different …
  
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• Officials Say Texas’ Closed Formulary Is Lowering Workers’ Comp Costs

  17-08-2016 18:47
  
  A recent analysis by researchers at the Texas Department of Insurance shows that the Texas pharmacy closed formulary is lowering costs and reducing the use of opioids in the workers’ compensation system, the department announced. “Other states are interested in …
  
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• Oklahoma Geological Survey Studying Injection Well/Earthquake Connection

  17-08-2016 18:39
  
  The Oklahoma Geological Survey is studying the relationship between seismic activity and wastewater injection wells with a survey in the Arbuckle formation. Sensors will be placed into several injection wells in the Arbuckle group to take various measurements. The Enid …
  
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• As People Survey Louisiana Flood Damage, Death Toll Rises

  17-08-2016 18:37
  
  As waters receded in parts of Louisiana’s capital city, some residents returned to their flood-damaged homes on Aug. 16 for the first time and found a soggy mess. David Key used a small boat to get to his house in …
  
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• As Louisiana Surveys Flood Damage, Death Toll Rises

  17-08-2016 18:37
  
  As waters receded in parts of Louisiana’s capital city of Baton Rouge, some residents returned to their flood-damaged homes on Aug. 16 for the first time and found a soggy mess. David Key used a small boat to get to …
  
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• Omaha Answers Pothole Complaints with New Dirt Roads

  17-08-2016 18:31
  
  For miles and miles Omaha stretches on, one tidy, suburban-style neighborhood after another filled with modern low-slung houses set on spacious lawns with towering oaks and elms. It’s a model of comfortable mid-American living, with one unusual exception: thanks to …
  
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• Omaha Answers Pothole Complaints with New Dirt Road

  17-08-2016 18:31
  
  For miles and miles Omaha stretches on, one tidy, suburban-style neighborhood after another filled with modern low-slung houses set on spacious lawns with towering oaks and elms. It’s a model of comfortable mid-American living, with one unusual exception: thanks to …
  
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• Collapsing Hill Has Some Homeowners in North Dakota Worried

  17-08-2016 18:27
  
  Some homeowners in a Bismarck neighborhood are questioning the long-term safety of their houses after some backyards dropped as much as 7 feet in June. Jim Hopfauf is one of the homeowners affected by the collapsing hill where houses are …
  
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• Dakota Access Pipeline Owners Sue Protesters

  17-08-2016 18:26
  
  Developers of a $3.8 billion, four-state oil pipeline sued in federal court on Aug. 15 to stop protesters near an American Indian reservation in North Dakota from interfering with the project, alleging the safety of workers and law enforcement is …
  
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• Illinois Treasurer Looking into How Life Insurance Companies Avoid Payouts

  17-08-2016 18:23
  
  Illinois Treasurer Michael Frerichs is launching a series of public hearings to explore how life insurance companies avoid paying death benefits. The first hearing is set for this morning in the city council chambers in Normal. The state treasurer’s office said …
  
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• Exxon said to shut Louisiana refinery as thousands flee flooding

  17-08-2016 17:48
  
  The Baton Rouge refinery, the fourth-largest refinery in the U.S., has begun shutting units as the flooding threatened an offsite liquefied petroleum gas storage facility.
  
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• 7 surprising things that impact how much you pay for car insurance ... - MarketWatch

  17-08-2016 17:46 via marketwatch.com
  
  MarketWatch
  7 surprising things that impact how much you pay for car insurance ...
  MarketWatch
  When searching for an auto insurance policy, there are things we expect will impact our rates: demographic details like age, home address, even credit score.and more »
  
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• Why many Louisiana homeowners lack flood insurance - Marketplace.org

  17-08-2016 17:14 via marketplace.org
  
  Marketplace.org
  Why many Louisiana homeowners lack flood insurance
  Marketplace.org
  Flood Two people walk through a flooded street in Sorrento, Louisiana as an early morning fog blankets the area. - Joe Raedle/Getty Images. The Louisiana Department of Insurance says only about 20 percent of homes in the state were covered by flood ...
  Tips from state Insurance OfficialsKATC Lafayette News
  Don't let a lack of flood insurance sink your homeCBS News
  Only 1 in 8 EBR residents have flood insuran
  
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• Beazley Offers Revenue Protection Cover for UK Events Hit by Wet Weather

  17-08-2016 16:35
  
  London-based insurer Beazley has launched “Cancellation Plus” for the event industry in the United Kingdom, offering event organizers revenue protection for reduced ticket sales and concessions when a specified amount of rainfall occurs at their event. Beazley said it provides …
  
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• A.J. Gallagher’s Carroll Joins JLT Re Specialty’s Energy, Financial Teams

  17-08-2016 16:04
  
  JLT Specialty USA, a U.S. subsidiary of Jardine Lloyd Thompson Group (JLT), reports it has added Kathryn Carroll as senior vice president. Based in New York, Carroll will be focused on two specialty areas: Energy, including Heavy Chemicals, and Financial …
  
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• China’s Ping An Profit Rises 18% in 1st Half on Higher Premiums, Banking Income

  17-08-2016 16:02
  
  Ping An Insurance (Group) Co., China’s second-largest insurer, said first-half profit rose 18 percent as growth in premiums and banking revenue helped offset the impact of stock-market declines that have hit rivals. Net income climbed to 40.8 billion yuan ($6.2 …
  
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• USGS: Small Quakes Jolts Southern California Suburbs

  17-08-2016 15:51
  
  A small earthquake rattled a populated swath of Southern California but there were no reports of damage or injury. The U.S. Geological Survey says the magnitude 3.0 quake hit at 12:17 a.m. Tuesday about a mile from Yorba Linda in …
  
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• USGS: Small Quakes Jolt Southern California Suburbs

  17-08-2016 15:51
  
  A small earthquake rattled a populated swath of Southern California but there were no reports of damage or injury. The U.S. Geological Survey says the magnitude 3.0 quake hit at 12:17 a.m. Tuesday about a mile from Yorba Linda in …
  
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• Liberty Mutual, Sanpower form P&C joint venture in China

  17-08-2016 15:12
  
  Chinese conglomerate will have 51 percent stake in new entity as Liberty Mutual expands access to world's second largest property and casualty market.
  
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• 2 tips for how producers can seek new business

  17-08-2016 15:00
  
  You need to be an insurance educator and you need to go to new places. Doing both of these things will win you more business.
  
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• 7 back-to-school driving safety tips

  17-08-2016 14:45
  
  The start of a new school year means an increase of drivers — especially young, easily distracted ones. Here’s some tips from PCI to cut back on back to school-related traffic accidents.
  
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• Watford Specialty Looking to Build Program Business with U.S. Acquisition

  17-08-2016 14:37
  
  Newly formed Watford Specialty Insurance Co. (WSIC), a subsidiary of Bermuda-based Watford Re, took a big leap forward recently with its acquisition of a carrier with admitted licenses in all 50 states and the District of Columbia. The previously dormant …
  
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• Litigation Insurance Reimburses Plaintiff Lawyers Losing Cases on Contingency

  17-08-2016 14:18
  
  When David Brill lost a trial for a client who fell off his neighbor’s ladder, it was a rare failure for his three-member Florida law firm. It also cost him $30,000 in expenses since he’d taken the case on contingency, …
  
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• Reinsurers May Reassess Cat Exposures When Normal Claims Levels Return: S&P

  17-08-2016 14:11
  
  Most global reinsurers have been able to maintain underwriting discipline despite the ongoing soft market, but there is a danger that their profits could be hit if the current benign period of natural catastrophes returns to normal levels, according to …
  
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• Defamation Lawsuit Against Rolling Stone Magazine Likely Set For Trial This Year

  17-08-2016 14:07
  
  A federal judge says a defamation lawsuit against Rolling Stone magazine over a now-debunked article about a rape at the University of Virginia likely will head to a jury trial later this year. The Washington Post reported that U.S. District …
  
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• Why the ‘Buy Button’ is critical for independent agents

  17-08-2016 13:00
  
  Empowering independent producers to bind coverage in real time for prospects or clients is essential. Here’s how it can be achieved.
  
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• The real threat of workplace violence

  17-08-2016 13:00
  
  It's unfortunately a reality we have to face: workplace violence.
  
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• Critic Icahn Warms to AIG CEO Hancock’s Plans, Likes $3.4 Billion Deal

  17-08-2016 12:50
  
  Carl Icahn, who won representation to the board of American International Group Inc. after threatening a proxy battle, said he’s warming to the approach of the insurer’s chief executive officer. ” Peter Hancock and I don’t see eye-to-eye on everything, …
  
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• Delta Lloyd Returns to H1 Profit; Plans Exit From Unprofitable Markets, Cost Cuts

  17-08-2016 12:12
  
  Delta Lloyd NV, the Dutch insurer that shored up its capital buffers in an April rights offer, returned to profit in the first half after the company cut costs and changed the way it values liabilities. Profit climbed to 925 …
  
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• Neon Appoints McPhee to Newly Created Role of Head of Political Violence

  17-08-2016 09:49
  
  Neon has appointed Gregg McPhee to the newly created role of head of Political Violence. McPhee will join Neon on Oct. 1 2016 and will lead Neon’s existing political violence team, reporting to Darren Lednor, chief underwriting officer of Neon. …
  
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• Penn State’s Sandusky Blames Lawyer’s Advice for Child Abuse Conviction

  17-08-2016 08:00
  
  Jerry Sandusky forcefully asserted his innocence and described his own sexual history last Friday during an hour of testimony as he seeks to have his child sexual abuse conviction overturned or be granted a new trial. The former Penn State …
  
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• New York Judge: Hedge Fund Head’s $100M Defamation Claim Better Suited for Bahamas

  17-08-2016 08:00
  
  A New York state judge on Wednesday threw out billionaire hedge fund manager Louis Bacon’s $100 million defamation lawsuit against Canadian fashion designer Peter Nygard, saying the case tied to their long-running feud over neighboring properties in the Bahamas belongs …
  
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• Alabama Water Park Closed After Parasite Found

  17-08-2016 07:11
  
  The Health Department has recommended a popular Alabama water park close due to the presence of a parasite. AL.com reports that park officials said Monday that Spring Valley Beach in Blountsville was closed Sunday due to the presence of the …
  
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• North Carolina Resident Fed Up as Home Hit by Car for the 6th Time in 12 Years

  17-08-2016 07:08
  
  A North Carolina man says he’s getting close to giving up on his home in Raleigh after it was hit by a driver for the sixth time. WTVD-TV reported Sunday that Carlo Bernarte says he’s fed up with the half-dozen …
  
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• Trial Underway in Trump vs. Florida Golf Course Members $6M Lawsuit

  17-08-2016 06:37
  
  Donald Trump says he transformed a Florida golf club that he bought from the Ritz-Carlton and that most members like the changes – despite a $6 million federal lawsuit brought by disaffected members. “I can say right now members are …
  
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• Ulmer Named President, CEO of Tennessee-Based Regions Insurance

  17-08-2016 06:29
  
  Regions Financial, headquartered in Memphis, Tenn., has named Rick Ulmer president and CEO of Regions Insurance Group, Inc. with responsibility for Regions Insurance operations in 10 states. Regions Insurance Group is a subsidiary of Regions Financial and an affiliate of …
  
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