Insurance news

• Expert Gives Agents C- on Understanding of Cyber Insurance

  23-08-2016 21:37
  
  Eduard Goodman, chief privacy officer of Scottsdale, Ariz.-based IDT911, an identity theft protection firm, isn’t too high on the industry’s knowledge of cyber insurance, cybercrime and data theft. Goodman assigned a grade of C- when asked to assess the average …
  
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• Josh Kushner's Health-Insurance Start-Up Is Struggling - Vanity Fair

  23-08-2016 20:45 via vanityfair.com
  
  Vanity Fair
  Josh Kushner's Health-Insurance Start-Up Is Struggling
  Vanity Fair
  Since its launch just over three years ago, Oscar Health has billed itself as a unique kind of insurance company. The much-hyped start-up, which was co-founded by the younger of the two millionaire Kushner brothers (the one dating Karlie Kloss, not the ...
  Oscar will leave 2 markets as insurance startup finds similar ...MedCity Newsall 7 news articles »
  
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• AIG in Talks to Sell Lloyd's Insurance Operations to Canada Pension ... - Wall Street Journal

  23-08-2016 19:10 via wsj.com
  
  Wall Street Journal
  AIG in Talks to Sell Lloyd's Insurance Operations to Canada Pension ...
  Wall Street Journal
  American International Group is in early discussions to sell insurance operations connected with Lloyd's of London to Canada's biggest pension fund.
  AIG in talks to sell Lloyd's insurance business to CPPIB: WSJ | ReutersReutersall 27 news articles »
  
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• AIG in Talks to Sell Lloyd's Insurance Operations to Canada Pension Fund - Wall Street Journal

  23-08-2016 19:10 via wsj.com
  
  Wall Street Journal
  AIG in Talks to Sell Lloyd's Insurance Operations to Canada Pension Fund
  Wall Street Journal
  American International Group Inc. AIG -0.19 % is in early discussions to sell insurance operations connected with Lloyd's of London to Canada's biggest pension fund, according to people familiar with the matter. Canada Pension Plan Investment Board is ...
  AIG in talks to sell Lloyd's insurance business to CPPIB: WSJBusiness Insiderall 27 news articles »
  
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• McKenna Named CFO at The Plexus Groupe

  23-08-2016 18:57
  
  The Plexus Groupe LLC, a national insurance brokerage and risk management consulting firm based in Deer Park, Ill., has hired Matthew McKenna as chief financial officer. McKenna was most recently the CFO at Chicago-based OmniVere LLC, a large integrated discovery …
  
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• Zika Case Found in Florida County Hundreds of Miles From Miami

  23-08-2016 18:53
  
  Florida officials on Tuesday announced the first case of Zika acquired by local mosquitoes in Pinellas County, located some 265 miles (425 km) from Miami, where the first locally transmitted U.S. cases were reported. Florida Governor Rick Scott also said …
  
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• NIF Group Launches Program for Luxury Homebuilders in 3 Western States

  23-08-2016 18:47
  
  NIF Group, Inc., a program administrator and specialty brokerage firm, has created a program for luxury homebuilders and remodelers. NIF Insurance Services of California, a division of NIF Group, is in partnership with an A.M. Best rated ‘A’, carrier writing …
  
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• Beazley Doubles Environmental Risk Capacity to $50M with Lloyd’s Consortium

  23-08-2016 18:42
  
  Beazley, the London-based provider of specialist environmental liability insurance, has doubled its capacity for operational and fixed site environmental risks to $50 million. Covering the environmental liabilities of large multi-national companies, the increased limits are backed by the Beazley Elements …
  
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• Officials: No Long-Term Impact on Florida Tourism Expected Despite Zika Spread

  23-08-2016 18:38
  
  The discovery of Zika-carrying mosquitoes in South Florida certainly isn’t ideal for tourism, but local officials and business leaders are confident the long-term impact on the tourism industry will be minor. Transmission of the virus via mosquito has been confirmed …
  
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• Number of Iowa Drivers Penalized for Passing Stopped School Buses Declines

  23-08-2016 18:38
  
  Fewer drivers are receiving the tough penalties Iowa lawmakers approved in 2012 for illegally passing school buses when they are stopped. The Des Moines Register reports that the number of people charged with violating the school bus law has declined, …
  
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• 1347 Property Insurance Holdings Expects Losses from Louisiana Storms

  23-08-2016 18:33
  
  1347 Property Insurance Holdings Inc., which offers specialty property/casualty insurance through its subsidiary, Maison Insurance Co. (Maison), said it expects to incur losses from claims related to damage from the recent storms that produced record-breaking floods in Louisiana. Maison has …
  
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• Health Official: Zika Virus Could Spread Across U.S. Gulf States

  23-08-2016 18:22
  
  One of the top U.S. public health officials on Aug. 21 warned that the mosquito-borne Zika virus could extend its reach across the U.S. Gulf Coast after officials last week confirmed it as active in the popular tourist destination of …
  
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• Hedge fund inroads weaken reinsurers’ catastrophe defenses

  23-08-2016 18:17
  
  It won’t take another Hurricane Katrina for reinsurers to face losses from covering the cost of storms and earthquakes.
  
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• Flood Claims Mount; FEMA Extends Insurance Renewal Period for Some in Louisiana

  23-08-2016 18:14
  
  Due to the damage and displacement caused by recent flooding, the Federal Emergency Management Agency (FEMA) has extended to 120 days the grace period to renew flood insurance policies in certain Louisiana parishes. The federal agency said more than 25,000 …
  
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• As Claims Mount, FEMA Extends Flood Insurance Renewal Period Some in Louisiana

  23-08-2016 18:14
  
  Due to the damage and displacement caused by recent flooding, the Federal Emergency Management Agency (FEMA) has extended to 120 days the grace period to renew flood insurance policies in certain Louisiana parishes. The federal agency said more than 25,000 …
  
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• Conyers Appointed Assistant VP, Distribution at CNA

  23-08-2016 18:04
  
  Property/casualty insurance company, CNA, has appointed Shay Conyers to assistant vice president of distribution. Based in Chicago, he reports to Rocco Orlando, senior vice president, sales and distribution He has 16 years of industry experience and joined CNA in 2012 …
  
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• Midlife Back Pain Traced to Heavy Physical Work Habits in Youth

  23-08-2016 17:45
  
  Young adults with jobs that involve heavy lifting and forceful movements might be at higher risk for back pain later in life, a study from Finland suggests. “When you’re young, you do things your own way, you muscle your way …
  
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• Willis Re Taps Aon’s McDowell to Lead Bermuda Unit; Harden as APAC President

  23-08-2016 17:32
  
  Willis Re announced the appointment of Chris McDowell as CEO of Willis Re Bermuda. Effective Jan. 1, 2017, he will succeed Michael Harden, CEO of Willis Re Bermuda since 2014, who is returning to the Asia Pacific region as president …
  
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• Family of Idaho Beating Death Victim Sues Woman’s Treatment Center

  23-08-2016 17:12
  
  The family of an Idaho woman who was beaten to death in October has filed a lawsuit against the treatment center where the killing occurred. Linda Westmoreland’s daughters, Amanda Ingram and Stormy Dye, filed the lawsuit against Port of Hope, …
  
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• Oregon Officials Believe Arson Behind 14 Or More Wildfires

  23-08-2016 17:10
  
  State authorities and forest officials say at least 14 wildfires that have erupted across central Oregon over the last three weeks are believed to have been intentionally started. Officials did not release details on which fires were started by arsonists, …
  
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• Bill Adding Ridesharing Restrictions in Honolulu Becomes Law

  23-08-2016 17:07
  
  Honolulu Mayor Kirk Caldwell is allowing a bill placing stricter regulations on ridesharing companies such as Uber and Lyft to become law. Caldwell returned the bill to the City Council and cited logistical concerns in allowing it to become law …
  
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• Hawaii Resort And Crocs Sued over Child’s Escalator Injuries

  23-08-2016 17:01
  
  A couple is suing footwear maker Crocs and a Hawaii resort after their 2-year-old son’s foot got caught in an escalator while the family visited Hawaii for an oral surgeon convention. The lawsuit says the Crocs shoes were “negligently and improperly …
  
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• How this supermarket chain slashed drug costs 71% in 2 years

  23-08-2016 16:55
  
  Ground-breaking changes benefit not only 18,000 employees, but the workers' comp program at Stater Bros. Market, a winner of National Underwriter's Excellence in Workers’ Compensation Risk Management Award.
  
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• AIG Names Leggett-Flynn as Chief Communications Officer

  23-08-2016 16:43
  
  American International Group, Inc. (AIG) has appointed Cindy Leggett-Flynn as senior vice president, chief communications officer. In this position, Leggett-Flynn will be responsible for AIG’s communications strategy in support of its vision, mission, and values.  She will oversee corporate brand …
  
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• Tennessee insurance commissioner: Obamacare exchange 'very near collapse' - The Tennessean

  23-08-2016 16:31 via tennessean.com
  The Tennessean
  Tennessee insurance commissioner: Obamacare exchange 'very near collapse'
  The Tennessean
  Tennessee's insurance regulator proclaimed the state's Obamacare exchange "very near collapse" Tuesday, after signing off on hefty premium hikes in an extraordinary bid to keep the program afloat. Her remarks largely overshadowing the dramatic premium ...
  Insurance Startup Oscar to Retreat From Two Insurance MarketsMorning Consult
  Insurance Commissioner: Tennessee Obamacare exchange 'ver
  
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• China’s Anbang Insurance Readies for 2017 IPO: Sources

  23-08-2016 15:28
  
  Anbang Insurance Group Co., the Chinese owner of New York’s Waldorf Astoria hotel, has asked banks to pitch for role on a planned Hong Kong initial public offering next year, according to people with knowledge of the matter. The Beijing-based …
  
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• Caribbean Cat Facility, CCRIF, Pays Belize for Excess Rain From Hurricane Earl 

  23-08-2016 15:15
  
  CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) made a pay-out of US$261,073 to the government of Belize as a result of heavy rains from Hurricane Earl on Aug. 4-5. Rainfall from the hurricane caused widespread flood damage to homes and …
  
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• Connecticut Man Awarded $10K in Police Brutality Suit

  23-08-2016 14:53
  
  A Connecticut man has been awarded $10,000 in damages after a federal judge ruled that he had been beaten by a police officer after a drug fueled car chase. Donato Rinaldi, of Watertown, Conn., filed the suit in 2014 against …
  
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• Girl Bitten by Camel at Virginia Safari Park Gets $155K Settlement

  23-08-2016 14:52
  
  A 10 year old girl who was bitten by a camel at a safari park in Virginia will get a $155,000 settlement. Citing court documents, local media outlets report that Madison Holland’s family has reached a settlement with the Virginia …
  
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• Wells Fargo Insurance Hires Marsh’s Hahn in New Jersey

  23-08-2016 14:49
  
  Wells Fargo Insurance, a subsidiary of San Francisco, Calif., headquartered Wells Fargo & Company, has hired Mary-Beth Hahn as head of its national risk management practice. In her new role, Hahn will be based in Summit, N.J., and will report …
  
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• Noah's legacy: One family's journey of hope

  23-08-2016 14:20
  
  National Underwriter Property & Casualty talks to a father whose family's life was forever changed by the volunteers at Give Kids the World village in Orlando, Florida.
  
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• Citigroup, AT&T Agree: No Thanks to Further Litigation

  23-08-2016 14:11
  
  Citigroup Inc. and AT&T Inc. have ended their litigation over the latter’s use of the phrase “AT&T thanks” on a customer loyalty program, which the bank said was too similar to its trademarked “thankyou.” In a joint court filing, the …
  
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• Court Denies U.S. Bid to Rehear Bank of America ‘Hustle’ Mortgage Program

  23-08-2016 14:03
  
  A U.S. appeals court refused on Monday to reconsider its decision to overturn a $1.27 billion penalty against Bank of America Corp. and a jury verdict finding it liable for mortgage fraud leading up to the 2008 financial crisis. The …
  
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• Scenes from the first day of WCEC 2016

  23-08-2016 14:00
  
  The Workers’ Compensation Institute's 71st annual Workers’ Compensation Educational Conference opened on Aug. 22 at the Orlando World Center Marriott in Florida.
  
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• 3 types of insurance to consider when traveling abroad

  23-08-2016 13:15
  
  Travel, terrorism and medicalinsurance cover very different perils.
  
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• What does your prospect really want?

  23-08-2016 13:00
  
  When you follow your prospect’s agenda rather than your own, you will be astonished to discover how easy it can be to engage with prospects.
  
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• 5 steps to successfully implementing your new AMS

  23-08-2016 13:00
  
  Learn how to get your new agency management system up and running for productivity gains.
  
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• Soft Prices May Bring Reinsurer Losses when Typical Cat Levels Return: Executives

  23-08-2016 12:42
  
  It won’t take another Hurricane Katrina for reinsurers to face losses from covering the cost of storms and earthquakes. Competitors such as hedge funds have eroded prices so much that a typical year of claims could move the industry into …
  
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• Soft Prices May Bring Reinsurer Losses when Typical Cat Levels Return: Execs

  23-08-2016 12:42
  
  It won’t take another Hurricane Katrina for reinsurers to face losses from covering the cost of storms and earthquakes. Competitors such as hedge funds have eroded prices so much that a typical year of claims could move the industry into …
  
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• Soft Prices May Bring Losses for Reinsurers when Typical Cat Levels Return: Execs

  23-08-2016 12:42
  
  It won’t take another Hurricane Katrina for reinsurers to face losses from covering the cost of storms and earthquakes. Competitors such as hedge funds have eroded prices so much that a typical year of claims could move the industry into …
  
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• Chinese Insurance Giant Anbang Said to Seek Bank Pitches for IPO ... - Bloomberg

  23-08-2016 12:07 via bloomberg.com
  
  Wall Street Journal
  Chinese Insurance Giant Anbang Said to Seek Bank Pitches for IPO ...
  Bloomberg
  Anbang Insurance Group Co., the Chinese owner of New York's Waldorf Astoria hotel, has asked banks to pitch for role on a planned Hong Kong initial public ...
  Anbang Insurance Plans IPO for Life-Insurance Unit - WSJWall Street Journal
  Anbang life-insurance unit plans IPOMarketWatch
  Waldorf Astoria owner Anbang plans Hong Kong IPO of life ...Reuters
  Insurance Journal
  all 42 news articles 
  
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• Nominate Your Agency as Best Place to Work: Submit Now!

  23-08-2016 11:00
  
  Do you work in a great independent agency? Do you think it’s the best place to work? If so, don’t miss this opportunity to nominate your agency to be named as one of Insurance Journal’s Best Agencies to Work in …
  
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• $6M Settlement Reached for West Virginia Coal Mine Cleanup

  23-08-2016 07:29
  
  A $6 million settlement has been reached in federal court that will restore damage from West Virginia mountaintop removal mines. The Sierra Club, Ohio Valley Environmental Coalition and West Virginia Highlands Conservancy announced the settlement with the Virginia Conservation Legacy …
  
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• FEMA Claims Mississippi Misused $30M in Funds to Retrofit Homes After Katrina

  23-08-2016 07:08
  
  The Federal Emergency Management Agency says it won’t repay Mississippi for nearly $30 million spent to retrofit homes after Hurricane Katrina unless the state can prove the money was well spent. The state failed to provide documentation for the program, …
  
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• Many Railroads Slow to Adopt Safety Technology Even After Deadline Extension

  23-08-2016 07:00
  
  Many commuter and freight railroads have made little progress installing safety technology designed to prevent deadly collisions and derailments despite a mandate from Congress, according to a government report released. The technology, called positive train control or PTC, uses digital …
  
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• Tennessee Deputy Commissioner West Elected to National Association of State Fire Marshals

  23-08-2016 06:22
  
  The National Association of State Fire Marshals (NASFM) elected Tennessee Department of Commerce & Insurance (TDCI) Deputy Commissioner Gary West as secretary-treasurer during its annual membership meeting in Albuquerque, July 19-21. West, who oversees TDCI’s Fire Prevention Division (which includes …
  
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• Who's using what in the P&C insurance industry: August 22, 2016

  23-08-2016 02:00
  
  News from Sunlight Solutions, Sapiens, Vue Software and more.
  
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