Insurance news

• Travelers announces death of Jay Fishman, chair of board and former CEO

  19-08-2016 22:43
  
  Jay S. Fishman transformed Travelers into one of the best-performing companies in the financial services industry and the only P&C insurer in the Dow 30.
  
  Read more

• People on the move in the P&C insurance industry: Aug.19, 2016

  19-08-2016 20:27
  
  News from Lockton, Integro, Aon Risk and more.
  
  Read more

• People on the move in the P&C insurance industry: Aug. 19, 2016

  19-08-2016 20:27
  
  News from Lockton, Integro, Aon Risk and more.
  
  Read more

• Blue Cross may bump up rates on Georgia insurance exchange - The Catoosa County News

  19-08-2016 20:01 via northwestgeorgianews.com
  
  The Catoosa County News
  Blue Cross may bump up rates on Georgia insurance exchange
  The Catoosa County News
  Blue Cross and Blue Shield of Georgia says it is reassessing the premium increases it has previously proposed for the state health insurance exchange, with an eye to revising them upward. This comes in the wake of Aetna's pullout from the exchange here.and more »
  
  Read more

• Advertisement

• Survey measures use of digital technology by independent insurance agents

  19-08-2016 19:48
  
  The Insurance Digital Revolution survey found that some independent insurance agents are making progress in using technology effectively, but there's still a long way to go.
  
  Read more

• Flood insurance woes push Ellicott City businesses under heavy water - Baltimore Sun

  19-08-2016 19:11 via baltimoresun.com
  
  Baltimore Sun
  Flood insurance woes push Ellicott City businesses under heavy water
  Baltimore Sun
  Interior of HorseSpirits Gallery after the July 30 flood on Main Street in Ellicott City. (Courtesy of Robin Holliday). Fatimah WaseemContact ReporterHoward County Times. Insurance woes: $500K in losses in $0 coverage. #ECStrong. Deadly floodwaters ...and more »
  
  Read more

• Hanover Launches Pay-As-You-Go Workers’ Comp Coverage

  19-08-2016 18:51
  
  The Hanover Insurance Group, Inc. has launched arkets, a pay-as-you-go option for workers’ compensation policies that allows insureds to pay their premiums in real-time, based on payroll. The new payment option offers businesses the choice of paying their premiums as part …
  
  Read more

• A.M. Best Affirms Ratings of Tokio Marine America Insurance Company and Its Subsidiaries - Business Wire (press release)

  19-08-2016 18:46 via businesswire.com
  
  A.M. Best Affirms Ratings of Tokio Marine America Insurance Company and Its Subsidiaries
  Business Wire (press release)
  OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has affirmed the financial strength rating of A++ (Superior) and the issuer credit ratings of “aa+” of Tokio Marine America Insurance Company (TMAIC) and its subsidiaries. TMAIC has separate 100% quota share ...and more »
  
  Read more

• Advertisement

• Texas Lawyer Accused of Fraud in BP Oil Spill Case Acquitted in Mississippi

  19-08-2016 18:44
  
  A prominent Texas lawyer was acquitted on Thursday of charges he made up thousands of fake clients to sue BP Plc for damages that the oil company caused in the 2010 Gulf of Mexico spill, court records show. Mikal Watts …
  
  Read more

• Wal-Mart to Pay $90K to Settle Disability Lawsuit

  19-08-2016 18:42
  
  Wal-Mart Stores Inc. will pay a former, long-term employee at a Wal-Mart location in Illinois, $90,000 to settle a disability discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC). EEOC’s lawsuit charged Wal-Mart with violating federal discrimination law when …
  
  Read more

• Stringer Joins All Risks’ South Central Region in New Orleans

  19-08-2016 18:38
  
  Independent wholesale insurance brokerage firm All Risks Ltd., has added Sam Stringer as a broker in its New Orleans, La., branch office.  In this role, Sam will be an integral part of this fast-growing office. As a casualty broker, Stringer …
  
  Read more

• Amtrak to Pay $112K to Settle Seattle Disability Discrimination Lawsuit

  19-08-2016 18:36
  
  The Washington, D.C.-based National Passenger Railroad Corp., better known as Amtrak, will pay $112,000 and provide other relief to settle a federal disability discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC) on behalf of a Seattle-based Amtrak …
  
  Read more

• Source: Locally Transmitted Zika Virus Found in Miami Beach

  19-08-2016 18:35
  
  Florida health officials have found evidence of local Zika virus transmission in Miami Beach, one of the world’s most popular tourist destinations, opening a new front in the fight against the mosquito-borne virus, according to a source familiar with the …
  
  Read more

• Texas Man in Tesla Autopilot Crash Won’t Sue, But Car Insurer May

  19-08-2016 18:34
  
  A Texas man said the Autopilot mode on his Tesla Model S sent him off the road and into a guardrail, bloodying his nose and shaking his confidence in the technology. He doesn’t plan to sue the electric-car maker, but his …
  
  Read more

• U.S. Court Approves Clean-Up Deals, Executive Bonuses for Peabody

  19-08-2016 18:30
  
  Bankrupt coal company Peabody Energy has won U.S. court approval for agreements with three states to partially cover $1.14 billion in potential environmental liabilities and for a bonus plan for its six top executives. Under the agreements, Wyoming can receive …
  
  Read more

• Gets U.S. Court Approves Clean-Up Deals, Executive Bonuses for Peabody

  19-08-2016 18:30
  
  Bankrupt coal company Peabody Energy has won U.S. court approval for agreements with three states to partially cover $1.14 billion in potential environmental liabilities and for a bonus plan for its six top executives. Under the agreements, Wyoming can receive …
  
  Read more

• 86,500 People Affected by Louisiana Floods Seek Federal Aid

  19-08-2016 18:27
  
  Some 86,500 people have filed for federal aid after deadly flooding hit Louisiana in the past several days and damaged some 40,000 homes, Gov. John Bel Edwards told a news conference on Aug. 18. He said the death toll from …
  
  Read more

• Louisiana Issues Post-Flooding Emergency Insurance Rule - Insurance Journal

  19-08-2016 18:25 via insurancejournal.com
  
  NOLA.com
  Louisiana Issues Post-Flooding Emergency Insurance Rule
  Insurance Journal
  Louisiana Insurance Commissioner Jim Donelon has issued an emergency rule allowing greater protection and flexibility for insurance policyholders impacted by recent flooding. The emergency rules gives flood-affected policyholders more time to pay ...
  Louisiana flood victims get extra time to pay insurance premiumsNOLA.com
  Emergency insurance rule issued to protect flood victimsKATC Lafayette Newsall 4 news a
  
  Read more

• Louisiana Issues Post-Flooding Emergency Insurance Rule

  19-08-2016 18:25
  
  Louisiana Insurance Commissioner Jim Donelon has issued an emergency rule allowing greater protection and flexibility for insurance policyholders impacted by recent flooding. The emergency rules gives flood-affected policyholders more time to pay insurance premiums. Executive Order 2016-58, issued by Gov. …
  
  Read more

• Nebraska Doctor Opens Membership-Based, Insurance-Free Practice - Insurance Journal

  19-08-2016 18:22 via insurancejournal.com
  
  Nebraska Doctor Opens Membership-Based, Insurance-Free Practice
  Insurance Journal
  Dr. Todd Johnson of Lincoln is a modern-day pioneer, starting the first membership-based, insurance-free medical practice in Nebraska. Access Family Medicine opened in mid-July and provides what is called direct primary care, the Lincoln Journal Star ...
  
  Read more

• Nebraska Doctor Opens Membership-Based, Insurance-Free Practice

  19-08-2016 18:22
  
  Dr. Todd Johnson of Lincoln is a modern-day pioneer, starting the first membership-based, insurance-free medical practice in Nebraska. Access Family Medicine opened in mid-July and provides what is called direct primary care, the Lincoln Journal Star reported. His patients pay …
  
  Read more

• Crop Insurance Fraud Leads to 2 Years in Prison for Missouri Farmer

  19-08-2016 18:19
  
  A southeast Missouri farmer has been ordered to spend two years in prison for crop insurance fraud of more than $200,000. The Southeast Missourian reports that 48-year-old Bobby David Lowrey, of Parma, was sentenced for making false statements about crop-insurance …
  
  Read more

• Hawaii Officials Warn of Raw Food Risk After Hepatitis A Outbreak

  19-08-2016 18:18
  
  Hawaii authorities are urging diners to be aware of the risks of eating raw and undercooked food after they traced a hepatitis A outbreak to frozen scallops served raw at a sushi restaurant chain. State Department of Health Sanitation Branch …
  
  Read more

• Tesla owner in Autopilot crash won’t sue, but car insurer may

  19-08-2016 18:05
  
  A Texas man said the Autopilot mode on his Tesla Model S sent him off the road and into a guardrail, bloodying his nose. He doesn’t plan to sue the electric-car maker, but his insurance company might.
  
  Read more

• Estimated value of Jim Harbaugh's life insurance policy? $75 million - NBCSports.com

  19-08-2016 17:50 via profootballtalk.nbcsports.com
  
  NBCSports.com
  Estimated value of Jim Harbaugh's life insurance policy? $75 million
  NBCSports.com
  At a time when college football players still get nothing beyond tuition, room, board, and snacks, a former NFL coach who runs the program at Michigan has finagled an impressive new contractual commitment. Which Michigan undoubtedly was able to afford ...and more »
  
  Read more

• Insurance Alone Isn't Enough To Make Sure Kids Get Eye Exams - NPR

  19-08-2016 17:42 via npr.org
  
  NPR
  Insurance Alone Isn't Enough To Make Sure Kids Get Eye Exams
  NPR
  Kids from less affluent homes, even when they have health insurance, aren't as likely as others to get vision screenings that can identify conditions like lazy eye before the damage becomes irreversible. Researchers at the University of Michigan ...
  Even with insurance, less affluent kids miss out on eye careReutersall 15 news articles »
  
  Read more

• How will Louisiana flooding affect insurance rates? - NOLA.com

  19-08-2016 17:26 via nola.com
  
  NOLA.com
  How will Louisiana flooding affect insurance rates?
  NOLA.com
  It will take years -- and hours of public meetings -- before it's known exactly how historic flooding in Louisiana will alter flood maps and insurance rates across the state. The state's top insurance regulator is among those bracing for higher costs ...
  New Polk flood maps mean insurance rates could increaseWTSP.com
  Q&A: What you need to know about flood insuranceThe Daily Advertiserall 13 news articles »
  
  Read more

• American Family Insurance Signs Singer-Songwriter Legend as Brand Ambassador - Insurance Journal

  19-08-2016 17:25 via insurancejournal.com
  
  Insurance Journal
  American Family Insurance Signs Singer-Songwriter Legend as Brand Ambassador
  Insurance Journal
  American Family Insurance said it has signed John Legend – multi-award winning singer and songwriter – as the company's newest brand ambassador. The company has partnered with other celebrity ambassadors whose experiences and values it believes ...
  
  Read more

• American Family Insurance Signs Singer-Songwriter Legend as Brand Ambassador

  19-08-2016 17:25
  
  American Family Insurance said it has signed John Legend – multi-award winning singer and songwriter – as the company’s newest brand ambassador. The company has partnered with other celebrity ambassadors whose experiences and values it believes not only motivate current …
  
  Read more

• A.M. Best Affirms Ratings of INSURANCE COMPANY OF GAZ INDUSTRY SOGAZ - Business Wire (press release)

  19-08-2016 17:09 via businesswire.com
  
  A.M. Best Affirms Ratings of INSURANCE COMPANY OF GAZ INDUSTRY SOGAZ
  Business Wire (press release)
  LONDON--(BUSINESS WIRE)--A.M. Best has affirmed the financial strength rating of B++ (Good) and the issuer credit rating of “bbb” of INSURANCE COMPANY OF GAZ INDUSTRY SOGAZ (SOGAZ) (Russia). The outlook for each rating remains negative.and more »
  
  Read more

• Fitch Rates Russia's VSK Insurance 'BB-'; Outlook Stable - Reuters

  19-08-2016 17:05 via reuters.com
  
  Fitch Rates Russia's VSK Insurance 'BB-'; Outlook Stable
  Reuters
  (The following statement was released by the rating agency) MOSCOW, August 19 (Fitch) Fitch Ratings has assigned Russia-based VSK Insurance Joint Stock Company's (VSK) Insurer Financial Strength (IFS) rating at 'BB-' and National IFS rating at 'A+ ...and more »
  
  Read more

• CNA to Merge Central Zone Field Operation Into Others as Vezzosi Retires

  19-08-2016 16:53
  
  CNA plans to eliminate its Central zone branch network as a standalone zone and realign it into the property/casualty insurer’s other remaining U.S. market territories, according to Carrier Management. The Chicago-based insurer explained in a statement issued to Carrier Management …
  
  Read more

• Zurich Insurance (Hong Kong) Appoints Chiu as Head of Global Corporate Division

  19-08-2016 16:38
  
  Zurich Insurance (Hong Kong) has appointed Philip Chiu as the head of its Global Corporate Division, in a move from his previous position as Zurich’s head of Financial Lines in Asia. He will directly report to Keith Thomas, CEO Global Corporate APAC, …
  
  Read more

• Pennsylvania Councilman to Resign Amid Insurance Fraud Charges Following 2014 Crash - Insurance Journal

  19-08-2016 16:30 via insurancejournal.com
  
  Pennsylvania Councilman to Resign Amid Insurance Fraud Charges Following 2014 Crash
  Insurance Journal
  A city councilman is resigning following charges he filed a false accident report and repeatedly changed his explanation for what happened. Lebanon, Penn., councilman Tony Matula, 59, faces charges including insurance fraud, false reports to law ...
  
  Read more

• Brown, Holmes & Milliken of Maine Hires Freeman

  19-08-2016 16:27
  
  Brown, Holmes & Milliken Agency, an independent insurance agency based in Ellsworth, Maine, has hired Larry Freeman to join its sales staff. In his new role, Freeman will service commercial accounts along with selling home, auto and life policies. He is a 35 …
  
  Read more

• Massachusetts Restaurant Owner Sentenced to Four Years for Insurance Fraud

  19-08-2016 16:25
  
  A Leominster, Mass., man who set fire to his own restaurant to collect the insurance money has been sentenced to four years in prison. Jeffrey Cordio, who owned the West End Diner, was also sentenced in federal court to three …
  
  Read more

• New Polk flood maps mean insurance rates could increase - WTSP.com

  19-08-2016 16:24 via wtsp.com
  
  WTSP.com
  New Polk flood maps mean insurance rates could increase
  WTSP.com
  Three years ago, Congress passed a temporary reprieve on higher flood insurance premiums, and now that reprieve is expiring and homeowners who live in a flood zone could be forced to pay more if their risk of flooding has increased. Get ready for a big ...
  How will Louisiana flooding affect insurance rates?NOLA.com
  Q&A: What you need to know about flood insuranceThe Daily Advertiserall 14 news articles &raqu
  
  Read more

• Kids with insurance still miss out on eye exams, study finds - PBS NewsHour

  19-08-2016 16:15 via pbs.org
  
  PBS NewsHour
  Kids with insurance still miss out on eye exams, study finds
  PBS NewsHour
  Children in families with the lowest net worth of less than $25,000 a year had 16 percent fewer eye care visits than those in the middle-income category of $150,000 to $250,000. Photo by National Eye Institute, National Institutes of Health. Kids from ...
  Even with insurance, less affluent kids miss out on eye careReutersall 14 news articles »
  
  Read more

• Formal Brexit Talks Likely to Be Triggered in April 2017: UK Officials

  19-08-2016 16:15
  
  Prime Minister Theresa May’s team is still leaning toward the first part of 2017 as the best moment to trigger the start of formal talks over the U.K.’s withdrawal from the European Union, according to two British officials. While reports …
  
  Read more

• Blue Cross Blue Shield of Montana logo - Billings Gazette

  19-08-2016 15:38 via billingsgazette.com
  
  Billings Gazette
  Blue Cross Blue Shield of Montana logo
  Billings Gazette
  Blue Cross Blue Shield of Montana and Billings Clinic have partnered to create a new insurance network for large employer-sponsored plans. The network, called Blue Options, lets employers who self-fund employee health insurance plans and have 50 or ...
  
  Read more

• Pennsylvania Councilman to Resign Amid Insurance Fraud Charges Following 2014 Crash

  19-08-2016 15:33
  
  A city councilman is resigning following charges he filed a false accident report and repeatedly changed his explanation for what happened. Lebanon, Penn., councilman Tony Matula, 59, faces charges including insurance fraud, false reports to law enforcement and hit and …
  
  Read more

• The State of Texas: Health Insurance Options Shrinking For Texans - Texas Monthly

  19-08-2016 15:31 via texasmonthly.com
  
  Texas Monthly
  The State of Texas: Health Insurance Options Shrinking For Texans
  Texas Monthly
  Plus: Texas Olympian Jimmy Feigen gets indicted in Rio, big changes are coming to Texas prisons, and Selena gets a spot in the Texas Women's Hall of Fame. August 19, 2016 By Leif ReigstadComments ...and more »
  
  Read more

• Judge Nixes $100M Driver Settlement But Uber May Win in End

  19-08-2016 14:19
  
  Uber Technologies Inc. may come out ahead by failing to win court approval of a $100 million settlement with drivers. A San Francisco federal judge rejected the agreement on Thursday, a turn of events that would typically encourage the ride-hailing …
  
  Read more

• Here's Why 24 Million People Still Don't Have Health Insurance - The Fiscal Times

  19-08-2016 14:05 via thefiscaltimes.com
  
  The Fiscal Times
  Here's Why 24 Million People Still Don't Have Health Insurance
  The Fiscal Times
  Despite its seemingly endless political and financial travails, Obamacare has taken a big bite out of the number of uninsured Americans since it was enacted in 2010. An estimated 20 million more people are now covered by private health insurance ...
  72% of Previously Uninsured Californians Now Have Health InsuranceNew America Media
  Many People Still Without Health InsuranceWebMDall 31 news articles&
  
  Read more

• Hearsay launches new social media tool for insurance agents and advisors

  19-08-2016 13:30
  
  Hearsay Social is rolling out a client engagement platform that helps advisors reach clients and prospects more easily and more quickly via social media, their websites, email and text messages.
  
  Read more

• InsurTech: A challenge to and opportunity for insurers

  19-08-2016 13:15
  
  How to think like a disruptor, and act like a start-up.
  
  Read more

• When painkillers turn to pain

  19-08-2016 13:00
  
  Openly addressing opioid abuse in the workplace is the first step to curbing it.
  
  Read more

• 10 states with the best economies

  19-08-2016 13:00
  
  How's your insurance business doing? The state where you do business may have a big impact on your bottom line.
  
  Read more

• Suit Alleges Valeant Ran Secret Prescription Refill Scam

  19-08-2016 12:48
  
  Valeant Pharmaceuticals International Inc. refilled patients’ prescriptions without their permission and steered them to more expensive drugs in order to boost sales and profits, according to a lawsuit that sheds new light on the drug company’s secret operations. T. Rowe …
  
  Read more

• ‘Kissing Up’ to the Boss Has Unintended Consequences

  19-08-2016 12:32
  
  Kissing up to your boss doesn’t just impact your relationship with your supervisor, it can influence your co-workers, as well. In a new study in The Journal of Applied Psychology, University of Florida researcher Trevor Foulk and David Long from …
  
  Read more

Follow @Insurance_Newsl on Twitter!