Insurance news

• NAIC Dignitaries Remember Former California Commissioner Kinder

  02-09-2016 23:25
  
  On a recent morning at the National Association of Insurance Commissioners meeting in San Diego, Calif., a group of people with impressive credentials gathered to pay tribute a man they held in high regard. Wesley J. Kinder was a California …
  
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• Tips for filing your flood insurance claim - Bradenton Herald (blog)

  02-09-2016 23:03 via bradenton.com
  
  Bradenton Herald (blog)
  Tips for filing your flood insurance claim
  Bradenton Herald (blog)
  Many roads were closed again on Anna Maria Island on Friday as flooding persisted throughout the area due to Tropical Storm Hermine. Hannah Morse Bradenton Herald. i. Many roads were closed again on Anna Maria Island on Friday as flooding persisted ...and more »
  
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• Hurricane insurance 101: What homeowners and renters should know - Today.com

  02-09-2016 20:51 via today.com
  
  Today.com
  Hurricane insurance 101: What homeowners and renters should know
  Today.com
  Peak hurricane season runs from mid-August to late October, according to the National Oceanic and Atmospheric Administration. As a homeowner or renter, you may wonder, “Do I have enough insurance protection to withstand a potential hurricane?”.
  
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• Insurance chief: You might qualify for health care exemption - DesMoinesRegister.com

  02-09-2016 19:16 via desmoinesregister.com
  
  DesMoinesRegister.com
  Insurance chief: You might qualify for health care exemption
  DesMoinesRegister.com
  Iowa Insurance Commissioner Nick Gerhart can hardly believe he's giving some consumers this advice: If you can't find an affordable, full-fledged health insurance policy, he tells them, maybe you should consider going without one. The Affordable Care ...
  Health insurance premiums to increase by 19% in FloridaSouth Florida Business Journal
  What a Major Insurance Provider Leaving the Obamacare
  
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• QA: Livestock insurance helps African herders survive droughts - Science Magazine

  02-09-2016 18:53 via sciencemag.org
  
  Science Magazine
  QA: Livestock insurance helps African herders survive droughts
  Science Magazine
  NAIROBI—A Kenyan economist has won the 2016 Norman Borlaug Award from the World Food Prize for an innovative program that provides pastoralists with livestock insurance. Andrew Mude, a senior economist at the International Livestock Research ...
  
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• People on the move in the P&C insurance industry: Sept. 2, 2016 - PropertyCasualty360

  02-09-2016 18:53 via propertycasualty360.com
  
  PropertyCasualty360
  People on the move in the P&C insurance industry: Sept. 2, 2016
  PropertyCasualty360
  San Diego-based ICW Group Insurance Cos. said it has appointed Kristin Guthrie to the new position of vice president of customer experience. She joins from Honeywell Aerospace, where she was vice president of customer experience. Brentwood ...
  
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• People on the move in the P&C insurance industry: Sept. 2, 2016

  02-09-2016 18:50
  
  News from Lockton, Brentwood, Aon Risk and more.
  
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• Everest Re Group Names Schaetti as Head of Casualty U/W, Zurich Branch

  02-09-2016 18:04
  
  Everest Re Group, Ltd. announced that Robert Schaetti will join the Zurich branch of Everest Re Group as head of Casualty Underwriting. Schaetti joins Everest Re from Partner Re where he most recently served as head of liability and medical …
  
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• Florida’s first hurricane strike since ’05 loses force inland

  02-09-2016 18:00
  
  Hermine is weakening as it moves farther inland across Florida’s Panhandle and southeastern Georgia, after largely sparing energy assets in the Gulf of Mexico.
  
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• Insurers Seen ‘Easily’ Handling Hermine Losses

  02-09-2016 17:54
  
  Hurricane Hermine, which is poised to land in Florida Friday, may result in “manageable” losses for the insurance industry, according to Keefe Bruyette & Woods analyst Meyer Shields. The storm is forecast to hit northwest Florida, a region of the …
  
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• Blockchain – Where Hype Meets Potential Magic: Opinion

  02-09-2016 17:48
  
  Blockchain, the technology behind Bitcoin and other digital currencies, isn’t quite as novel or omnipotent as many have advertised it to be. That doesn’t mean, however, that it can’t do wonders in the world of finance. The World Economic Forum …
  
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• Senator Says FEMA to Fund Crisis Counseling for Louisiana Flood Victims

  02-09-2016 17:43
  
  A U.S. senator says the Federal Emergency Management Agency will provide Louisiana with $6.8 million to fund crisis counseling for flood victims. Sen. David Vitter’s office announced the grant in a news release Wednesday. The release says the money is …
  
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• Indiana Court Considering Wounded Officer’s Suit against Gun Seller

  02-09-2016 17:39
  
  The Indiana Supreme Court is considering whether a police officer’s lawsuit against the sporting goods store that sold a handgun later used to wound him can go forward despite a state law giving gun sellers significant immunity. The lawsuit was …
  
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• More than 60 Mature Trees Indiana Park Uprooted by Tornado

  02-09-2016 17:35
  
  A Kokomo, Ind. official says more than 60 mature trees at the city’s Highland park were uprooted during last week’s tornado. Parks and Recreation Superintendent Randy Morris told the Kokomo Tribune most of the trees were more than 100 years …
  
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• New insurance rules in New York have boxing on the ropes - ESPN

  02-09-2016 17:27 via espn.com
  
  ESPN
  New insurance rules in New York have boxing on the ropes
  ESPN
  The Barclays Center in Brooklyn has hosted boxing events since opening its doors in 2012. Lucas Noonan/Premier Boxing Champions. Facebook · Twitter · Pinterest · Email; comment. Sep 2, 2016. Dan RafaelESPN Senior Writer. Close. 2013 BWAA Nat ...
  New insurance bill could handicap New York Boxing - Bad Left HookBad Left Hookall 2 news articles »
  
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• Idaho Family Sues Over Baby’s Death in Hospital Medication Mix-up

  02-09-2016 17:22
  
  An Idaho family is suing a nurse and the health care company he works for after their 7-month-old baby died when given the wrong medication at a Twin Falls hospital. Chance and Tiffany Elliott filed the wrongful death lawsuit in …
  
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• California Granny Who Lost Life Savings Awarded $15M in Case Against Insurers

  02-09-2016 17:16
  
  A California grandmother who lost her life savings in a real estate investment scam offered by an insurance agent was awarded more than $15 million Wednesday in a lawsuit against MetLife and two subsidiaries, attorneys said. Christine Ramirez, 75, was …
  
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• Tesla is planning to offer custom insurance plans - Business Insider - Business Insider

  02-09-2016 17:13 via businessinsider.com
  
  Business Insider
  Tesla is planning to offer custom insurance plans - Business Insider
  Business Insider
  Tesla will soon launch a program that offers customized car insurance plans tailored to its vehicles, according to Electrek. The new program is called ...and more »
  
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• California’s Jones Appoints Allen Deputy Commissioner for Rate Regulation

  02-09-2016 17:07
  
  California Insurance Commissioner Dave Jones has appointed Ken Allen as deputy commissioner of the rate regulation branch for the California Department of Insurance. Allen will fill the vacancy left by Joel Laucher, who was appointed chief deputy insurance commissioner in …
  
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• Harris to Head Chubb North America Global Services Division

  02-09-2016 16:51
  
  Tom Harris has been appointed executive vice president, Global Services, for Chubb North America. In his new role, Harris will have worldwide responsibility for commercial insurance for global clients of all sizes. Additionally, Harris will be responsible for oversight and …
  
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• Brazil’s Prosecutor Expected to Seek Criminal Charges over Samarco Mine Disaster

  02-09-2016 16:49
  
  Brazilian prosecutors are finalizing a criminal investigation into the Samarco mine disaster and expect to ask a judge by the end of September to charge employees, one of the prosecutors heading the case said. The investigation is looking into alleged …
  
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• Judge Dismisses Lawsuits Over 2013 Shooting at Pennsylvania Town Building

  02-09-2016 16:45
  
  A federal judge has dismissed three lawsuits filed against township officials in connection with a 2013 shooting at a municipal building in Pennsylvania that left three people dead and several others injured. The Times-Tribune in Scranton reports U.S. District Judge …
  
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• Uber-Like Video Service DropIn Lets Adjusters Assess Damage from Their Desks

  02-09-2016 16:33
  
  A new service promises to provide insurance claims adjusters with videos of losses without them ever having to leave their desks. The videos would be supplied by an Uber-like network of smartphone users and drone operators. Los Angeles-based DropIn Inc. …
  
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• W.R. Berkley Names Lowery as Chief Information Officer

  02-09-2016 16:00
  
  W. R. Berkley Corp. has appointed Richard M. Lowery as senior vice president and chief information officer. In this role, Lowery will be responsible for the development and implementation of strategic information technology solutions. He will report to Lucille T. Sgaglione, …
  
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• SpaceX Explosion Draws Attention to Insurance for Rocket Science - Insurance Journal

  02-09-2016 14:48 via insurancejournal.com
  
  SpaceX Explosion Draws Attention to Insurance for Rocket Science
  Insurance Journal
  When the SpaceX rocket exploded on a Florida launchpad Thursday, the first thought that probably came to mind was thank heavens there weren't any astronauts on board. The second may have been: Who's going to pay for all this? The concept of insuring a ...and more »
  
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• Worker Dies After Elevator Malfunctions at New Jersey Restaurant

  02-09-2016 14:47
  
  A worker is dead after police say he was caught in the machinery of a small freight elevator at a New Jersey restaurant. Lakehurst Police Chief Eric Higgins tells the Asbury Park Press 34-year-old Oscar Francisco Carranza-Lopez was moving a delivery …
  
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• SpaceX Explosion Draws Attention to Insurance for Rocket Science

  02-09-2016 14:44
  
  When the SpaceX rocket exploded on a Florida launchpad Thursday, the first thought that probably came to mind was thank heavens there weren’t any astronauts on board. The second may have been: Who’s going to pay for all this? The …
  
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• Pennsylvania’s Keystone Insurers Group Hires Neff

  02-09-2016 14:41
  
  Keystone Insurers Group, a property and casualty insurance partnership headquartered in Northumberland, Penn., has named Linda Neff as its director of school transportation, the firm’s largest specialty insurance program. Prior to joining Keystone, Neff managed the school bus program at …
  
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• Can Your ‘Smart’ Appliances Be Trusted with Your Personal Data? Probably Not…

  02-09-2016 14:29
  
  Your fridge is getting so smart, security-software maker Kaspersky Lab thinks you probably shouldn’t trust it. As makers of household appliances fill their machines with computer chips to make them smarter, consumers and privacy watchdogs should beware the data collected …
  
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• Hermine Weakens As It Hits Florida Panhandle; Some Flooding, Power Outages Expected

  02-09-2016 14:26
  
  Hermine, the first hurricane to strike Florida since 2005, has weakened to a tropical storm as it moves inland, after threatening soy and cotton crops and leaving large swaths of the region at risk of blackouts. Hermine’s top winds were at …
  
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• 6 tips for flood survivors on avoiding fraud and other scams

  02-09-2016 14:00
  
  Tips for flood survivors on avoiding fraud that insurance agents can share with clients, especially in Louisiana, Hawaii and Florida.
  
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• 4 Ways technology is disrupting fraud

  02-09-2016 14:00
  
  New technology is making it harder for fraudsters to fake claims
  
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• What Amazon can teach auto insurance carriers

  02-09-2016 13:30
  
  Amazon has tapped into an important consumer behavior that more auto carriers might want to embrace in today’s choice-driven world.
  
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• Samsung Recalls Its Galaxy Note 7 Smartphones on Faulty Batteries

  02-09-2016 13:28
  
  Samsung Electronics Co. recalled its Galaxy Note 7 smartphones because of a faulty battery and announced a global replacement program, days before archrival Apple Inc. is set to unveil its newest iPhones. Sales of the large-screen device will be halted in …
  
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• 11 things you need to do to prepare for a windstorm

  02-09-2016 13:00
  
  While property damage and business interruption may be covered by your insurance policy, the loss of market share and a damaged reputation can cripple a company.
  
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• How Random Alcohol, Drug Testing Keep Skies Safe

  02-09-2016 12:45
  
  Work on—or anywhere near—a U.S. commercial aircraft, and chances are good you’ll encounter a random drug or alcohol test. These screenings are the foundation of a risk program aimed at keeping substance abuse from compromising air safety. It doesn’t always work, …
  
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• Banks Hike Caps on Directors’ Pay Hoping to Fend Off Lawsuits

  02-09-2016 12:38
  
  Over the past two years, a growing number of U.S. banks has capped their directors’ earnings, but the ceilings are so high that they primarily serve to fend off potential shareholder litigation rather than control the pace of pay increases. …
  
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• Florida Finds First Local Mosquitoes With Zika Virus

  02-09-2016 07:24
  
  Florida officials on Thursday said they have trapped the first mosquitoes that tested positive for the Zika virus in the Miami area, further confirming reports of local U.S. transmission of the illness that can cause severe birth defects. Three mosquito …
  
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• OSHA Fights Georgia Poultry Plant Over Right to Inspect Facility

  02-09-2016 06:45
  
  The Occupational Safety and Health Administration is pushing back against a local judge in Georgia’s recommendation to deny the agency a warrant to inspect the Mar-Jac poultry plant in Gainesville for worker-safety violations. U.S. Magistrate Judge J. Clay Fuller found …
  
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• South Carolina High Court: Reimbursement Not Required When Police Damage Property

  02-09-2016 06:37
  
  South Carolina isn’t required to reimburse private property owners for damage by law officers doing their jobs, the state Supreme Court ruled Wednesday. The 3-2 ruling involves the takeover of a Spartanburg convenience store in 2004 by Jimmy Johnson, who …
  
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• Marsh & McLennan Acquires Atlanta-Based Benefits Advisory Group

  02-09-2016 06:32
  
  Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, has acquired Benefits Advisory Group, an Atlanta-based employee benefits consulting firm. Terms of the transaction were not disclosed. Created in 2003, Benefits Advisory Group offers employee benefit …
  
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• Top official says health law's insurance markets are viable - Fox News

  02-09-2016 00:26 via foxnews.com
  
  Fox News
  Top official says health law's insurance markets are viable
  Fox News
  WASHINGTON – Addressing concerns about rising premiums and dwindling competition, Health and Human Services Secretary Sylvia Burwell asserted Thursday that the federal health law's insurance markets clearly are sustainable. Willingness by ...and more »
  
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