Insurance news

• Citizens Property Insurance pitches rate hike as water claims... - WJXT Jacksonville

  18-08-2016 23:48 via news4jax.com
  
  WJXT Jacksonville
  Citizens Property Insurance pitches rate hike as water claims...
  WJXT Jacksonville
  TALLAHASSEE, Fla. - State-backed Citizens Property Insurance urged regulators Thursday to back a request for an average 6.8 percent rate hike to cover a surge in water-damage claims. The Florida Office of Insurance Regulation, which held a two-hour ...
  Citizens Insurance Pitches Rate Hike To State RegulatorsWFSUall 3 news articles »
  
  Read more

• Can flood insurance program afford Louisiana? - Marketplace.org

  18-08-2016 23:32 via marketplace.org
  
  Marketplace.org
  Can flood insurance program afford Louisiana?
  Marketplace.org
  Gettyimages 589932060 Record-breaking rains pelted Louisiana over the weekend leaving the city with historic levels of flooding that have caused at least seven deaths and damaged thousands of homes. - Joe Raedle/Getty Images. The White House issued ...
  Q&A: What you need to know about flood insuranceThe Daily Advertiser
  See important Louisiana flood info on insurance claims, FEMA grants, moreThe Advocate
  Hous
  
  Read more

• Harbaugh gets compensation boost via life insurance policy - The Detroit News

  18-08-2016 23:05 via detroitnews.com
  
  The Detroit News
  Harbaugh gets compensation boost via life insurance policy
  The Detroit News
  When former Michigan interim athletic director Jim Hackett worked on football coach Jim Harbaugh's contract, he dipped into the contract world of corporate executives. Loading… Post to Facebook. Harbaugh gets compensation boost via life insurance ...
  Harbaugh gets raise via $2 million insurance premiumSFGate
  Michigan, Jim Harbaugh agree to contract addendumSports Illustrated
  Harbaugh up to $7M wi
  
  Read more

• United Insurance (UIHC) to Merge with American Coastal Unit - Zacks.com

  18-08-2016 22:39 via zacks.com
  
  United Insurance (UIHC) to Merge with American Coastal Unit
  Zacks.com
  United Insurance Holdings Corp.(UIHC - Snapshot Report) recently announced a merger agreement with RDX Holding LLC, the parent company of American Coastal Insurance Company (ACIC). The transaction will enable United Insurance emerge as a ...and more »
  
  Read more

• Advertisement

• The Best Motorcycle Insurance For the Enthusiast, Traveler, or Weekend Rider - Nasdaq

  18-08-2016 21:19 via nasdaq.com
  
  Nasdaq
  The Best Motorcycle Insurance For the Enthusiast, Traveler, or Weekend Rider
  Nasdaq
  Comparing motorcycle insurance companies is a lot like comparing renters insurance companies. They are similar to one another, but small differences make some motorcycle insurers better for specific riders. Here are a few carriers who are well-suited ...
  
  Read more

• Insurance Technologies Corp. offering $1,000 scholarship

  18-08-2016 20:20
  
  Company is looking for college student candidates with an interest in insurance technology.
  
  Read more

• DOJ tells insurance board not to cover gender reassignment surgery ... - Madison.com

  18-08-2016 19:58 via host.madison.com
  
  Madison.com
  DOJ tells insurance board not to cover gender reassignment surgery ...
  Madison.com
  The state Department of Justice has asked the Group Insurance Board to reconsider its July 12 decision to cover the cost of gender reassignment surgery for ...and more »
  
  Read more

• Allianz, Axa said to bid for StanChart Asia insurance rights

  18-08-2016 19:45
  
  Banks in Asia have been negotiating partnerships as demand for insurance products rises among the region’s increasingly wealthy population.
  
  Read more

• Advertisement

• Global insured losses reach $31 billion for first half of 2016

  18-08-2016 19:22
  
  Earthquakes, thunderstorms and wildfires lead catastrophes.
  
  Read more

• Illinois Contractor, in Default of $268K in Fines, Cited Again for Safety Hazards

  18-08-2016 18:50
  
  Illinois contractor Robert Barringer III’s long history of putting his workers in danger of debilitating or fatal falls at his company’s job sites continues, this time at a residential home under construction in Glen Carbon, according to federal safety officials. …
  
  Read more

• Louisiana Reminds Insurers of Flooded Vehicle Requirements

  18-08-2016 18:43
  
  The Louisiana Department of Insurance has issued a reminder to insurance companies regarding the Certificate of Destruction title requirements for flooded vehicles. The department issued the bulletin following the federal declaration of disaster due to the massive flooding in Southeast …
  
  Read more

• Monstrous Southern California Wildfire Displaces More than 80,000

  18-08-2016 18:31
  
  It tore through canyons and flew over ridges in every direction with astonishing speed, sending flames 80 feet skyward and forcing tens of thousands to flee their homes. The Southern California wildfire that began as a small midmorning patch of …
  
  Read more

• Who are the Americans still lacking health insurance? - CBS News

  18-08-2016 18:27 via cbsnews.com
  
  CBS News
  Who are the Americans still lacking health insurance?
  CBS News
  With Aetna pulling back from the Affordable Care Act's health-insurance exchanges​​, more than 800,000 of its current customers will be scrambling to find new coverage. While that's a blow to the federal Obamacare program and the customers who relied ...
  72% of Previously Uninsured Californians Now Have Health InsuranceNew America Media
  Many People Still Without Health InsuranceWebMDall 26 news articles&nbs
  
  Read more

• Tyson Foods Fined $236K for Serious Safety Violations at Texas Plant

  18-08-2016 18:25
  
  Arkansas-based Tyson Foods Inc. is facing more than $236,000 in penalties after an investigation by federal safety inspectors found the nation’s largest meat and poultry processor endangered workers by exposing them to amputation hazards, high levels of carbon dioxide and …
  
  Read more

• Allstate says catastrophes cost insurer $253 million in July

  18-08-2016 18:25
  
  Allstate, the largest publicly traded U.S. home and auto insurer, said that catastrophes in July probably cost $253 million pretax.
  
  Read more

• Aspen U.S. Insurance Opens Office in Dallas

  18-08-2016 18:16
  
  Aspen U.S. Insurance, part of the insurance segment of Aspen Insurance Holdings Limited has opened an office in Dallas, Texas. The new Dallas office will serve as a hub to offer products and services to regional customers and brokers. Initially …
  
  Read more

• Former Oklahoma Insurance Agent Sentenced to Federal Prison - Insurance Journal

  18-08-2016 18:13 via insurancejournal.com
  
  kfor.com
  Former Oklahoma Insurance Agent Sentenced to Federal Prison
  Insurance Journal
  A former Oklahoma insurance agent has been sentenced to 27 months in federal prison for fraud, the Oklahoma Insurance Department announced. Gary Edward Hibbing, 53, was sentenced after pleading guilty to two counts of wire fraud and two counts of ...
  Ex-Grove insurance agent faces prison time for scamming older clientsJoplin Globe
  Oklahoma insurance agent sentenced for defrauding customers through 'twist
  
  Read more

• Former Oklahoma Insurance Agent Sentenced to Federal Prison

  18-08-2016 18:13
  A former Oklahoma insurance agent has been sentenced to 27 months in federal prison for fraud, the Oklahoma Insurance Department announced. Gary Edward Hibbing, 53, was sentenced after pleading guilty to two counts of wire fraud and two counts of …
  
  Read more

• Workers’ Comp Rate Reduction Proposed in Iowa

  18-08-2016 18:08
  
  The Iowa Insurance Division reports that a proposed workers’ compensation rate filing would lower rates by 4.7 percent next year. The National Council on Compensation Insurance Inc. has made a rate filing that proposes an overall decrease in voluntary and …
  
  Read more

• Safety Officials: Higher Speeds Causing More Traffic Fatalities in Illinois

  18-08-2016 18:04
  
  Safety and insurance industry experts say Illinois traffic fatalities are expected to pass 1,000 this year for the first time since 2008 because of higher speeds, more miles driven and an increase in the number of younger drivers on the …
  
  Read more

• Should I Buy Long-Term Care Insurance? - Forbes - Forbes

  18-08-2016 17:23 via forbes.com
  
  Forbes
  Should I Buy Long-Term Care Insurance? - Forbes
  Forbes
  Next Avenue's Money editor struggles with whether to buy long-term care insurance and lays out the pros and cons.and more »
  
  Read more

• Should I Buy Long-Term Care Insurance? - Forbes

  18-08-2016 17:23 via forbes.com
  
  Forbes
  Should I Buy Long-Term Care Insurance?
  Forbes
  I turned 60 recently and celebrated in four ways: A fantastic family vacation in Spain; A delicious dinner in New York City with my wife; A shingles vaccine (you're supposed to get one at 60); A phone call with a long-term care insurance salesman. That ...and more »
  
  Read more

• State Farm loses appeal over jury qualification

  18-08-2016 16:55
  
  In a loss for State Farm, the Georgia appeals court ruled that attorneys can ask potential jurors about their connection with defendant insurance companies in open court.
  
  Read more

• How Bank-Insurance Unions Have Evolved - American Banker

  18-08-2016 15:30 via americanbanker.com
  
  American Banker
  How Bank-Insurance Unions Have Evolved
  American Banker
  Pretty much every merger of insurance and banking institutions since Weill in the '90s helped create Citigroup — out of the merger of Citibank and Travelers — has come undone for a host of reasons. But the 2016 rulebook is different. Today's market ...
  
  Read more

• Americans Put Too Much Faith in Homeowners Insurance - Insurance Journal

  18-08-2016 15:01 via insurancejournal.com
  
  Americans Put Too Much Faith in Homeowners Insurance
  Insurance Journal
  Too few Americans take steps to prepare for disasters and too many assume their home insurance policies will bail them out if one strikes. As disaster season peaks, a new national consumer survey commissioned by Trusted Choice and the Independent ...
  
  Read more

• Americans Put Too Much Faith in Homeowners Insurance

  18-08-2016 15:01
  
  Too few Americans take steps to prepare for disasters and too many assume their home insurance policies will bail them out if one strikes. As disaster season peaks, a new national consumer survey commissioned by Trusted Choice and the Independent …
  
  Read more

• Profiling insurance pros under 40: Adam Boujida

  18-08-2016 15:00
  
  Activision Blizzard's manager of global risk and insurance discusses why he established the gaming and entertainment company's first risk management department.
  
  Read more

• Here are the 10 least ticketed cars by model

  18-08-2016 15:00
  
  Is your car one of the 10 least ticketed cars? If so, that may help your insurance rates. Check out the list, then share with your auto insurance clients.
  
  Read more

• July Continued Earth’s Record-Setting Hot Streak

  18-08-2016 14:42
  
  As more than 100,000 Americans flee destructive wildfires in California and floods in Louisiana, earth sends yet another reminder that the worst is yet to come: a new record for planet-wide heat. Last month wasn’t just the hottest July on record for the …
  
  Read more

• Could This New Drug Ease America’s Opioid Crisis?

  18-08-2016 14:37
  
  So far, the fight against America’s opioid crisis has focused on treating addiction and curbing abuse. In February, President Barack Obama asked Congress for $1.1 billion to fund health care for addicts, and last month Congress allocated $181 million in grants for state programs. …
  
  Read more

• Boston Insurance Brokerage’s Lynch Heads Opening of D.C. Office

  18-08-2016 14:23
  
  Boston Insurance Brokerage Inc. (BIB), a provider of commercial insurance, tapped Brian Lynch, vice president of high value personal lines, to head the opening of its office in Washington D.C. Lynch initially joined the firm in February 2014 as a …
  
  Read more

• Guidewire to Acquire Massachusetts Software Firm FirstBest

  18-08-2016 14:11
  
  Guidewire Software Inc., a property and casualty insurance software provider headquartered in Calif., has entered into an agreement to acquire FirstBest Systems Inc., a Bedford, Mass. based provider of underwriting management systems for property and casualty insurers. FirstBest’s product lines …
  
  Read more

• More evidence ties insurance coverage to cancer survival - Fox News

  18-08-2016 14:10 via foxnews.com
  
  Fox News
  More evidence ties insurance coverage to cancer survival
  Fox News
  In two new studies, U.S. cancer patients who are uninsured or have government-sponsored Medicaid insurance for the poor tend to be diagnosed later, receive less optimal treatment and survive for a shorter time than people with private health insurance.and more »
  
  Read more

• Natural Catastrophes Drive Global Insured Losses to $31B in H1: Swiss Re’s Sigma

  18-08-2016 14:01
  
  Global insured losses from natural catastrophes and man-made disasters during the first half of 2016 reached US$31 billion, or 44 percent of total economic losses of US$71 billion, according to a report issued by Swiss Re’s sigma. The economic loss total …
  
  Read more

• New Jersey’s Holman Insurance Services Acquires Risk Partners

  18-08-2016 13:59
  
  Holman Insurance Services LLC, a subsidiary of Maple Shade, N.J., based Holman Automotive Group Inc., has acquired Risk Partners Inc., a Medford, N.J., based commercial insurance brokerage and managing general underwriter. Following the acquisition, Risk Partners will continue to operate under …
  
  Read more

• New York’s Columbia University Faces $100M Lawsuit for Mismanaging Retirement Plan

  18-08-2016 13:57
  
  Columbia University was accused on Tuesday of mismanaging its retirement plan in a federal civil lawsuit that alleges $100 million in damages. The suit is the latest to target a major university’s retirement plan management and to bring under scrutiny …
  
  Read more

• Storytelling 101: 5 ways to persuade

  18-08-2016 13:30
  
  To cut through the noise and convince someone to listen to you, you must have a compelling story to tell.
  
  Read more

• Sompo Canopius Names Catlin’s Newman as CEO of APAC & MENA

  18-08-2016 12:34
  
  Sompo Canopius has appointed Mark Newman as chief executive officer Sompo Canopius Asia Pacific, Middle East and North Africa. He is based in the Singapore office, reporting to Mike Duffy, chief underwriting officer. Newman has 30 years in insurance and …
  
  Read more

• The Despicable Way That Insurance Companies Screw Over Lesbians - Mother Jones

  18-08-2016 12:04 via motherjones.com
  
  Mother Jones
  The Despicable Way That Insurance Companies Screw Over Lesbians
  Mother Jones
  Last week, four lesbian women in New Jersey sued the state after being denied insurance coverage for infertility treatments because they couldn't prove they had tried to conceive naturally. A New Jersey law from 2001 requires that insurance companies ...
  
  Read more

• China’s Ping An Eyes Overseas Acquisitions, Including Post-Brexit UK

  18-08-2016 10:13
  
  Ping An Insurance Group Co. of China Ltd, the country’s second-largest insurer, is aiming for a possible fivefold increase in overseas investments and has not been put off Britain by its vote to leave the European Union, its group chief …
  
  Read more

• China’s Ping An Eyes Overseas Acquisitions, Including in Post-Brexit UK

  18-08-2016 10:13
  
  Ping An Insurance Group Co. of China Ltd, the country’s second-largest insurer, is aiming for a possible fivefold increase in overseas investments and has not been put off Britain by its vote to leave the European Union, its group chief …
  
  Read more

• Tropical Storm Fiona, 6th Storm of 2016, Forms in Central Tropical Atlantic

  18-08-2016 09:53
  
  Tropical Storm Fiona, which formed more than 900 miles west of the Cape Verde Islands, is forecast to track across the open Atlantic for at least the next five days, the U.S. National Hurricane Center said. Fiona, the sixth storm …
  
  Read more

• Allianz, AXA Bid for Rights to Sell Products via StanChart Outlets in Asia: Sources

  18-08-2016 09:44
  
  Allianz SE, Europe’s biggest insurer, and France’s AXA SA were among first-round bidders for the rights to distribute general insurance products through Standard Chartered Plc outlets in Asia, according to people with knowledge of the matter. A unit of MS&AD …
  
  Read more

• Allianz & AXA Bid for Rights to Sell Products via StanChart Outlets in Asia: Sources

  18-08-2016 09:44
  
  Allianz SE, Europe’s biggest insurer, and France’s AXA SA were among first-round bidders for the rights to distribute general insurance products through Standard Chartered Plc outlets in Asia, according to people with knowledge of the matter. A unit of MS&AD …
  
  Read more

• Kentucky Man Awarded $21M for ‘Unnecessary’ Heart Procedures by Hospital

  18-08-2016 07:18
  
  A jury has determined that a hospital in London, Kentucky, and its parent company should pay $21.2 million to a Corbin man who received unnecessary heart procedures. The Lexington Herald-Leader reports that the jury ruled August 10 St. Joseph Health …
  
  Read more

• South Carolina Approves Updated RMS North Atlantic Hurricane Models

  18-08-2016 07:08
  
  Versions of global catastrophe risk management firm RMS’ North Atlantic Hurricane Models have been approved by South Carolina’s Department of Insurance for the purpose of residential rate filings. Approval for the hurricane model versions 15.0 and 15.0.1 was provided on July …
  
  Read more

• Debt Collectors Cleared to Avoid Liability by Buying Out Claims

  18-08-2016 07:00
  
  Can a debt collector accused of crossing the line avoid liability by buying a consumer’s legal claim out from under her? A federal judge in Las Vegas said yes. The case deserves attention because if the U.S. Court of Appeals …
  
  Read more

• Uber to Reunite with Alabama College Towns

  18-08-2016 06:55
  
  The ridesharing service Uber plans to return to two Alabama cities this week as students return to college campuses. Local media report that city officials in Auburn and Tuscaloosa have approved ordinances in recent weeks that satisfy the company. Uber …
  
  Read more

• Florida Insurers UPC Insurance, American Coastal Insurance Enter Merger Agreement

  18-08-2016 06:23
  
  United Insurance Holdings Corp. (UPC Insurance), a property and casualty insurance holding company, has entered into a merger agreement with RDX Holding, LLC, the parent of American Coastal Insurance Co. (ACIC or American Coastal), to combine the companies in an …
  
  Read more

• Florida Insurers UPC Insurance, American Coastal Insurance Enter ... - Insurance Journal

  18-08-2016 06:23 via insurancejournal.com
  
  Florida Insurers UPC Insurance, American Coastal Insurance Enter ...
  Insurance Journal
  United Insurance Holdings Corp. (UPC Insurance), a property and casualty insurance holding company, has entered into a merger agreement with RDX Holding ...and more »
  
  Read more

Follow @Insurance_Newsl on Twitter!