Insurance news

• Appeals court rules insurance fund can shield records - The Detroit News

  26-08-2016 23:00 via detroitnews.com
  
  Michigan Radio
  Appeals court rules insurance fund can shield records
  The Detroit News
  Lansing — The Michigan Court of Appeals has ruled that a state auto insurance fund is not subject to public records disclosure laws. The appeals court said Tuesday that the Michigan Catastrophic Claims Association does not have to disclose records to ...
  Court: Insurance fund is public but records can be withheldCrain's Detroit Business
  Court: Insurance fund is public, but its records aren'tMichigan Radi
  
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• New law makes insurance companies find, pay beneficiaries - Fox Business

  26-08-2016 21:56 via foxbusiness.com
  
  Chicago Tribune
  New law makes insurance companies find, pay beneficiaries
  Fox Business
  CHICAGO – Insurance companies will be required to locate beneficiaries of unclaimed life insurance policies in Illinois and pay them money they're owed under legislation that Gov. Bruce Rauner signed into law on Friday. Continue Reading Below.
  Rauner signs life insurance billChicago Tribune
  Governor Signs Unclaimed Life Insurance Benefits Bill Into LawFOX Illinois
  Biz groups mount last-ditch effort to k
  
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• Tony Stewart to appeal insurance ruling in Kevin Ward Jr. case - USA TODAY

  26-08-2016 21:09 via usatoday.com
  
  USA TODAY
  Tony Stewart to appeal insurance ruling in Kevin Ward Jr. case
  USA TODAY
  Judge ruled company not responsible for claims that may stem from wrongful death suit.
  Tony Stewart appeals insurance ruling in Kevin Ward Jr. caseESPN
  Tony Stewart to fight ruling that insurance doesn't cover fatal-crash claimsSporting News
  NASCAR - NASCAR: Stewart to appeal insurance ruling in Ward suitRacerall 5 news articles »
  
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• Public adjusters can boost insurance claims after a disaster - OCRegister

  26-08-2016 21:01 via ocregister.com
  
  OCRegister
  Public adjusters can boost insurance claims after a disaster
  OCRegister
  My wife and I were indescribably relieved that our graduate student daughter weathered the Baton Rouge flooding without injury or damage to her living quarters near the LSU campus. Thinking about the 40,000 homeowners who suffered damage or ...and more »
  
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• Metal Theft Remains an Expensive Problem for Insurance Industry

  26-08-2016 20:22
  
  Metal theft became a growing concern post financial crisis due to rising global demand for scrap metal, and although economic conditions have slowed demand recently, this expensive crime is still causing headaches for the insurance industry. “[Metal theft] is a huge mess …
  
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• Amid raucous election, rising insurance costs get scant attention - Orlando Sentinel

  26-08-2016 19:45 via orlandosentinel.com
  
  Orlando Sentinel
  Amid raucous election, rising insurance costs get scant attention
  Orlando Sentinel
  TALLAHASSEE – Legislative candidates are making their final push to sway voters ahead of Tuesday's primary, but one issue that could occupy much of their work next year and have a profound impact on Floridians' pocketbooks isn't getting much attention: ...
  
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• Outlooks for Wisconsin Mutual Insurance Revised to Positive: A.M. Best

  26-08-2016 19:00
  
  A.M. Best has revised the outlooks to positive from stable and affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of Wisconsin Mutual Insurance Co. (WMIC) in Madison, Wis. The revised outlooks reflect WMIC’s trend of strong …
  
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• Caltrans Settles Lawsuit over Construction Site Death

  26-08-2016 18:55
  
  The California Department of Transportation has settled a wrongful death lawsuit brought by the parents of a 24-year-old woman who was killed by a drunk driver while working on a nighttime paving project. Attorneys for both sides told the Fresno …
  
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• Mobile Homes, not Travel Trailers, Headed to Louisiana after Deadly Flooding

  26-08-2016 18:45
  
  Mobile homes will fill front yards across southern Louisiana again, just like after Hurricane Katrina, as federal authorities bring in temporary housing for thousands of people displaced by catastrophic flooding. These houses, though, will be on blocks and strapped down …
  
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• Sex Toys in Hand, Univ. of Texas Students Rally Against Campus Carry Gun Law

  26-08-2016 18:41
  
  Hundreds of University of Texas students waved sex toys at a campus rally during the first day of classes, protesting a new state law that allows concealed handguns in college classrooms, buildings and dorms. Organizers said the sex toys were …
  
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• At Least 12 Tornadoes in Indiana, Ohio Damage Homes, Businesses

  26-08-2016 18:37
  
  A wave of severe storms produced at least a dozen tornadoes in Indiana and Ohio earlier this week, damaging homes and businesses but causing no serious injuries, authorities said as crews worked to restore power and remove fallen trees. The …
  
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• Illinois, Missouri Handle Problem of Uninsured Drivers Differently

  26-08-2016 18:33
  
  Dan McMullen is an insurance agent in Ferguson, Mo. His Solo Insurance office is on West Florissant Avenue, the epicenter of the trouble two years ago. The building next to his office burned into ruins. There aren’t many millionaires among …
  
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• IIAD’s Land named InVEST Volunteer of the Year

  26-08-2016 18:28
  
  The InVEST Program has named Tammy Land, executive director of the Independent Insurance Agents of Dallas (IIAD) with the Dach Award. The Dach Award honors an insurance industry volunteer who has made tremendous contribution in fostering the growth and development …
  
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• Washington Fines Regence BlueShield, Asuris Northwest Health $750K

  26-08-2016 18:11
  
  Washington Insurance Commissioner Mike Kreidler has fined Regence BlueShield and Asuris Northwest Health $750,000 for violating insurance regulations related to consumer access. The fine is for violations that occurred between January 2010 and June 2011. Kreidler says that the companies …
  
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• People on the move in the P&C insurance industry: Aug. 26, 2016

  26-08-2016 18:00
  
  News from Seibels, EMC Re, Breckenridge and more.
  
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• Italians forsake insurance as costs from Umbria earthquake mount

  26-08-2016 17:30
  
  The magnitude 6.2 earthquake that struck Italy’s Umbria region this week is estimated to have cost the country anywhere from $1 billion to $11 billion in economy-related losses. The insurance bill will be a lot lower.
  
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• It's Easier Than Ever to Find the Best Deal on Car Insurance | MONEY - Money Magazine

  26-08-2016 17:12 via time.com
  
  Money Magazine
  It's Easier Than Ever to Find the Best Deal on Car Insurance | MONEY
  Money Magazine
  Insurance comparison sites speed your search.and more »
  
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• It's Easier Than Ever to Find the Best Deal on Car Insurance - Money Magazine

  26-08-2016 17:12 via time.com
  
  Money Magazine
  It's Easier Than Ever to Find the Best Deal on Car Insurance
  Money Magazine
  Car insurance can be expensive. If you don't take the time to find a better deal on your car insurance premiums, you're likely to pay even more than you're currently paying. According to a report by the U.S. Bureau of Labor Statistics, car insurance ...and more »
  
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• How to Catch a Lie? Try Group Questioning

  26-08-2016 16:49
  
  “Who broke Grandma’s favorite vase?” As you listen to a chorus of “I don’t know” and “Not me,” how will you determine the culprit? Conventional wisdom says, divide and conquer, but what does scientific research show us about questioning a …
  
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• London Financial Groups Losing Faith in Quick Fix to Get EU Access After Brexit

  26-08-2016 16:12
  
  Big financial groups in London are losing faith in a quick fix to get access to the European Union after Britain leaves the bloc and are instead drawing up contingency plans to avoid becoming hostage to Brussels politics. In the …
  
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• Everest Re Completes Crop Insurer Sale to CGB Diversified Services

  26-08-2016 16:11
  
  Everest Re Group Ltd. has finalized the sale of its U.S. crop managing general agent, Heartland Crop Insurance Inc., to CGB Diversified Services, Inc. for $49 million. In conjunction with the sale, Everest has entered into a strategic long term …
  
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• Arizona consumers fret as 'Obamacare' insurance options dwindle - azcentral.com

  26-08-2016 16:04 via azcentral.com
  
  azcentral.com
  Arizona consumers fret as 'Obamacare' insurance options dwindle
  azcentral.com
  For many who buy their own health insurance, next year is shaping up to be a challenging and financially painful year. Loading… Post to Facebook. Arizona consumers fret as 'Obamacare' insurance options dwindle For many who buy their own health ...
  Private Insurance Companies Are Destroying Affordable Health CareTIME
  Illinois Obamacare rates could soar as state submits insurance premium increa
  
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• New York’s Crystal & Co. Hires Ackley as Client Consultant

  26-08-2016 16:00
  
  Crystal & Co., a New York based strategic risk and insurance advisor, has hired Jenifer Ackley as a director responsible for addressing clients’ risk management, insurance brokerage and employee benefits consulting needs. Ackley brings more than 15 years of insurance …
  
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• Jain Tells General Re to Get Leaner and Lower Costs

  26-08-2016 15:56
  
  Ajit Jain, one of Warren Buffett’s top managers at Berkshire Hathaway Inc., has a message for the staff that he oversees at Gen Re: It’s time for their business to get much leaner and less bureaucratic. After taking charge of …
  
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• Massachusetts Hospitals Saw a 60% Increase in Medical Errors Last Year

  26-08-2016 15:32
  
  State public health officials say preventable medical errors reported by full-service Massachusetts hospitals jumped 60 percent last year, but attributed the rise in large part to a problem at a single hospital. The Department of Public Health says hospitals disclosed …
  
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• Connecticut Working to Improve Farm Safety After E. Coli Outbreak at Local Farm

  26-08-2016 15:11
  
  With the growth of agritourism and more people visiting local farms, Connecticut officials are joining other states in educating farmers about how to mitigate health risks for their new visitors. Connecticut’s latest push comes after dozens of young children and …
  
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• 15 new vehicles you should avoid

  26-08-2016 15:00
  
  Despite the recent spate of recalls in the auto industry, finding catastrophic fault with today’s new cars is rather difficult.
  
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• More Jobs in Economy Means More Bad Drivers on Roads

  26-08-2016 14:58
  
  Who says recessions are all bad? About 5,000 fewer people die every year in auto accidents for each 1 percentage point increase in U.S. unemployment because downturns keep dangerous drivers off the road. “We have documented an instance of a natural economic …
  
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• Questions, Research on Possible Synthetic Turf Link to Athletes’ Cancer Continue

  26-08-2016 14:20
  
  Their son is gone. Luke Beardemphl, a standout Tacoma, Washington soccer player during his years at Stadium High School, died last year at 24, following a seven-year battle with Hodgkin’s lymphoma. But Luke’s parents, Mike and Stephanie Beardemphl, now worry …
  
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• Most Italians Uninsured for Earthquake as Economic Cost of Tremblor Mounts

  26-08-2016 13:57
  
  The magnitude 6.2 earthquake that struck Italy’s Umbria region this week, killing at least 250 people, is estimated to have cost the country anywhere from $1 billion to $11 billion in economy-related losses. The insurance bill will be a lot …
  
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• ‘Xuber for MGAs’ Platform Delivered for Castel Underwriting

  26-08-2016 13:39
  
  Xuber, the insurance software business of Xchanging, a unit of CSC, announced the delivery of its “Xuber for MGAs” platform for London-based Castel Underwriting Agencies Ltd. Xuber for MGAs is a flexible digital platform that enables Castel to provide and …
  
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• Italians Forsake Insurance as Costs From Umbria Earthquake Mount - Bloomberg

  26-08-2016 13:27 via bloomberg.com
  
  Bloomberg
  Italians Forsake Insurance as Costs From Umbria Earthquake Mount
  Bloomberg
  The magnitude 6.2 earthquake that struck Italy's Umbria region this week, killing at least 250 people, is estimated to have cost the country anywhere from $1 billion to $11 billion in economy-related losses. The insurance bill will be a lot lower. The ...and more »
  
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• 9 deficiencies that lead to poor sales results

  26-08-2016 13:15
  
  Are your sales results hitting a brick wall? One or more of these factors might be the reason.
  
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• Fear of Missing Out (FOMO) Leads Motorists to Check Social Media While Driving

  26-08-2016 13:14
  
  Social media and FOMO (fear of missing out) could be putting road-users at risk, as motorists admit to checking social networking sites and reading messages on their phones while driving, according to UK insurer Aviva. A poll of 1,565 drivers* …
  
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• Before Your Dog Gets Sick, Consider Pet Insurance - Money Magazine

  26-08-2016 13:07 via time.com
  
  Money Magazine
  Before Your Dog Gets Sick, Consider Pet Insurance
  Money Magazine
  How much could you afford to spend on a sick pet? $500? $1,000? $10,000? It's an uncomfortable hypothetical, and it's driving more consumers to buy pet insurance than ever before. A slew of new plans have entered the market in recent years, chopping ...
  
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• Natural hazard risk has impact on home sales

  26-08-2016 13:00
  
  Home sales in the first six months of this year increased by 4.2 percent year-over-year in U.S. counties with the lowest level of natural hazard risk.
  
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• How to respond to cyber extortion demands

  26-08-2016 13:00
  
  Five considerations that determine if you should pay for ransomware attacks, and how to involve your insurance broker.
  
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• Anbang’s Hong Kong IPO Should Lift Veil on Chinese Group’s Low Profile Backers

  26-08-2016 12:05
  
  For investors and bankers wanting to know more about who’s behind Anbang Insurance Group, China’s second-largest life insurer, plans for a Hong Kong IPO next year should provide some answers. Anbang’s relentless pursuit of overseas deals, rapid financing and opaque shareholding …
  
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• Allied World Bermuda Appoints Chow as Senior VP, Professional Lines

  26-08-2016 11:36
  
  Allied World Assurance Company Holdings announced that Dale Chow has been appointed to senior vice president, Professional Lines, for Allied World Bermuda. In this role, Chow will be responsible for the strategic direction, management, marketing and underwriting of Allied World …
  
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• QIS: Insurance Carriers Face Enhanced Risk in Age of Big Data - Claims Journal

  26-08-2016 11:15 via claimsjournal.com
  
  QIS: Insurance Carriers Face Enhanced Risk in Age of Big Data
  Claims Journal
  California-based Quadrant Information Services, a provider of big data technology for the property/casualty insurance industry, warns that digitization is a two-edged sword: with increased capability comes an increased danger of expensive—and possibly ...
  
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• Report For State Insurance Commissioners Offers Options To ... - Kaiser Health News

  26-08-2016 11:01 via khn.org
  
  Kaiser Health News
  Report For State Insurance Commissioners Offers Options To ...
  Kaiser Health News
  The pharmacy counter stands inside a Walgreens Boots Alliance Inc. store in Elmwood Park, The report describes steps states can take to address a number of ...and more »
  
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• Report For State Insurance Commissioners Offers Options To Improve Drug Access - Kaiser Health News

  26-08-2016 11:01 via khn.org
  
  Kaiser Health News
  Report For State Insurance Commissioners Offers Options To Improve Drug Access
  Kaiser Health News
  The pharmacy counter stands inside a Walgreens Boots Alliance Inc. store in Elmwood Park, The report describes steps states can take to address a number of drug-coverage issues in the commercial insurance market. (Christopher Dilts/Bloomberg via Getty ...and more »
  
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• Italy Quakes Could Lead to Limited Insured Losses: RMS & AIR Worldwide

  26-08-2016 10:32
  
  Damage from the earthquake that struck central Italy on Aug. 24 and the subsequent aftershocks that followed is still being assessed. But RMS asserts that insurance losses will be limited because of property values and the lack of coverage. “A …
  
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• Florida Woman Caught Faking Injury in Attempt to Collect Workers’ Comp Payments

  26-08-2016 08:26
  
  The Department of Financial Services’ Division of Investigative and Forensic Services (DIFS) announced the arrest of a Fort Lauderdale following her attempt to fraudulently collect workers’ compensation payments following an alleged on-the-job injury. Sheyla Veronica White claimed that a sprinkler …
  
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• New IronPro Enhancement Covers Costs of Reissuing Compromised Credit Cards

  26-08-2016 08:14
  
  IronPro, the financial and professional lines unit of Ironshore Inc., has introduced a compromised plastic card re-issuance expense coverage enhancement to its Enterprise PrivaProtector as a financial services sector product. According to the American Bankers Association, small community banks, defined …
  
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• 8 West Virginia Counties Remain Under State of Emergency From June Floods

  26-08-2016 07:22
  
  Gov. Earl Ray Tomblin is maintaining a state of emergency for eight West Virginia counties devastated by floods in June. On Monday, Tomblin announced the extension until Sept. 21 for eight of the 12 counties that have been under a …
  
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• CNA Unveils New D&O Liability Side A-DIC Insurance Policy

  26-08-2016 07:10
  
  CNA has launched a new directors & officers (D&O) Lead Side A Difference in Conditions (DIC) policy. CNA developed this policy in response to the growing mergers and acquisition (M&A) trend within the insurance marketplace, as questions and concerns may …
  
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• 2 Mississippi Communities Declared Ineligible for Federal Flood Aid

  26-08-2016 06:27
  
  As thousands of south Louisiana flood victims apply for disaster assistance, residents of two Mississippi communities have been told they are not eligible for assistance. Mississippi Emergency Management Agency spokes tells The Natchez Democrat the damage in Crosby and Centreville …
  
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• Students in Georgia Residence Hall Displaced by Flood

  26-08-2016 06:22
  
  A flood at a University of West Georgia residence hall has forced students to relocate to a local hotel. The Newnan Times-Herald reports that the on-campus residence hall was flooded Aug. 19 following a sprinkler system malfunction. Twenty-eight students were …
  
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• Students Displaced by Flood in Georgia Residence

  26-08-2016 06:22
  
  A flood at a University of West Georgia residence hall has forced students to relocate to a local hotel. The Newnan Times-Herald reports that the on-campus residence hall was flooded Aug. 19 following a sprinkler system malfunction. Twenty-eight students were …
  
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