Insurance news

• Census Bureau Finds Insurance Gains; Mixed News From GAO - Health Affairs (blog)

  13-09-2016 22:15 via healthaffairs.org
  
  VICE News
  Census Bureau Finds Insurance Gains; Mixed News From GAO
  Health Affairs (blog)
  On September 13, 2016, the Census Bureau released its report on Health Insurance Coverage in the United States for 2015. The number and percentage of Americans who were uninsured dropped again in 2015 after a precipitous drop in 2014.
  More Americans have insurance than ever before — thanks ObamacareVICE News
  A Record Percentage of Americans Now Have Health InsuranceMoney Magazine
  Minnesota made big ga
  
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• DropIn brings drone-based video streaming to insurance biz - TechCrunch

  13-09-2016 21:58 via techcrunch.com
  
  TechCrunch
  DropIn brings drone-based video streaming to insurance biz
  TechCrunch
  DropIn, an LA-based startup wants to change the way the insurance companies process claims with two-way video claims processing and drone-based appraisals. The company, which launched in 2015, provides on-demand live video streaming services to ...
  
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• Extra insurance could cover your property, if lost in a business fire - WTVC

  13-09-2016 21:35 via newschannel9.com
  WTVC
  Extra insurance could cover your property, if lost in a business fire
  WTVC
  A recent fire destroyed a North Georgia business, ruining thousands of dollars in lawn and garden equipment, including items in for repair. One customer whose lawn trimmer was destroyed, called us asking if the business would have to pay for his lost ...
  
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• Robot-car ethics need urgent societal review, Henry Ford's great-grandson says

  13-09-2016 20:24
  
  Bill Ford called on the auto industry and public institutions to address ethical issues emerging in a world where robot cars will make life-and-death decisions in roadway crashes — and to do it soon.
  
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• UK Auto Insurer Esure to Spin Off Gocompare.com Unit

  13-09-2016 20:00
  
  Esure Group Plc climbed to the highest since June 30 after the U.K. automotive insurer announced a plan to demerge its price-comparison website Gocompare.com through a separate listing on the London Stock Exchange. The decision followed a strategic review and …
  
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• Allstate sees unrivaled chance for wealth creation in transport

  13-09-2016 19:52
  
  Allstate said the country’s transportation network is highly inefficient, with vehicles sitting idle for most of the day, and that the company is betting on inevitable changes to the system.
  
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• New Big ‘I’ Leadership Team with Chairman Houldin Installed

  13-09-2016 19:36
  
  The Independent Insurance Agents & Brokers of America (the Big “I”) last week installed new officers who have begun serving their terms. Connecticut independent agent Spencer Houldin was inaugurated as the new chairman with Vaughn Graham of Oklahoma as chairman-elect …
  
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• Delta pilots in LaGuardia crash faulted for landing errors

  13-09-2016 19:05
  
  The captain used too much engine power while trying to stop, which can cause a loss of steering on a slick runway, according to NTSB documents.
  
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• RMS Launches New Exposure Management Program on RMS Platform

  13-09-2016 18:59
  
  RMS has launched a new exposure analytics product aimed at helping insurance reinsurance companies maximize value from their exposure data. The new Exposure Manager released on the RMS(one) platform, is now available to all insurance and reinsurance firms and brokers. …
  
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• Powell Named Missouri VP for Keystone Insurers Group

  13-09-2016 18:39
  
  Keystone Insurers Group has named Andrea Powell as its state vice president for Missouri. Powell brings 16 years of experience in the insurance industry. Most recently, she was the Missouri marketing representative for United Fire Group. She has experience as both …
  
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• New York regulator rolls out cybersecurity proposals for insurance, banks

  13-09-2016 18:36
  
  New York state is proposing new rules requiring banks and insurance companies to establish cybersecurity programs and designate an internal cybersecurity officer.
  
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• Oklahoma Quake Insured Costs Uncertain; Swiss Re Suggests New Products Needed

  13-09-2016 18:34
  
  Damage estimates of insured losses from the earthquake that hit Pawnee, Okla., in the north central part of the state on Sept. 3 likely won’t be available until early October, according to an insurance department spokesperson. In an email, Assistant …
  
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• Cat-Insurance Data Provider PERILS Expands Into Australia

  13-09-2016 18:33
  
  PERILS, the independent Zurich-based company providing industry-wide catastrophe insurance data, has extended its market coverage to include Australia. PERILS now provides market-wide property sums insured that are exposed to the perils of bushfire, earthquake, flood, hail, and tropical and extratropical …
  
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• 4 Kinds of Insurance That Can Save Your Retirement | Investing | US ... - US News Money

  13-09-2016 18:28 via money.usnews.com
  
  US News Money
  4 Kinds of Insurance That Can Save Your Retirement | Investing | US ...
  US News Money
  Enjoying a secure retirement means more than just hitting your investment goals. It also requires planning ahead for certain financial obstacles that could ...and more »
  
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• National Flood Insurance Program Claim Filing Deadline Extended in Louisiana

  13-09-2016 18:15
  
  The Federal Emergency Management Agency (FEMA) has granted an extension for Louisiana National Flood Insurance Program (NFIP) policyholders affected by August’s severe storms and flooding to file proof-of-loss claims. Louisiana Insurance Commissioner Jim Donelon earlier this month asked FEMA to …
  
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• Would You Like Some Insurance With Your Insurance? - NPR

  13-09-2016 18:09 via npr.org
  
  NPR
  Would You Like Some Insurance With Your Insurance?
  NPR
  For the first time in her life, 26-year-old freelance designer Susannah Lohr had to shop for health insurance this year. She called up a major insurer in the St. Louis area where she lives, and it offered her a plan with a hefty $6,000 deductible ...and more »
  
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• Gap Insurance Takes Sting Out Of High-Deductible Health Plans ... - NPR

  13-09-2016 18:09 via npr.org
  
  NPR
  Gap Insurance Takes Sting Out Of High-Deductible Health Plans ...
  NPR
  What's old is new again - with the health care law requiring everyone to get some form of major medical insurance, insurance to pay for small-scale medicals ...
  Why Gap Insurance Is Making A ComebackKDLGall 2 news articles »
  
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• South Dakota Storm-Related Cattle Death Ruling Prompts Insurance Policy Reviews

  13-09-2016 18:07
  Some ranchers are revisiting their insurance policies following a South Dakota Supreme Court ruling that allows a family in Quinn to collect insurance for cattle that drowned during a blizzard in 2013. The unanimous ruling issued in July has prompted …
  
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• South Dakota Storm-Related Cattle Death Ruling Prompts Insurance ... - Insurance Journal

  13-09-2016 18:07 via insurancejournal.com
  
  South Dakota Storm-Related Cattle Death Ruling Prompts Insurance ...
  Insurance Journal
  Some ranchers are revisiting their insurance policies following a South Dakota Supreme Court ruling that allows a family in Quinn to collect insurance for cattle ...and more »
  
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• Former Ohio Insurance Agent Sentenced for $58K Grand Theft

  13-09-2016 18:02
  
  A former Ohio insurance agent and agency owner has been sentenced for grand theft after pleading guilty to misappropriating more than $58,000 from two clients, the Ohio Department of Insurance announced. Charles Gabel, of Fremont, was sentenced in the Sandusky …
  
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• Iroquois South Expands into Louisiana with First Member Agencies

  13-09-2016 17:59
  
  Iroquois South, a network of independent insurance agencies, has added its first members in Louisiana: Juban Insurance Group of Baton Rouge; Lowry-Dunham, Case & Vivien of Slidell; Louisiana Insurance Services of Ruston; Standard Mortgage Insurance Agency of New Orleans; and …
  
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• Is No-Fault Auto Insurance to Blame for High Rates, Fraud? - Insurance Journal

  13-09-2016 17:32 via insurancejournal.com
  
  Insurance Journal
  Is No-Fault Auto Insurance to Blame for High Rates, Fraud?
  Insurance Journal
  A dozen states still use no-fault auto insurance to cover the medical expenses of crash victims. Michigan House members returned to work last week to decide whether they'll give the state's motorists a break on their highest-in-the-nation auto ...and more »
  
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• Is No-Fault Auto Insurance to Blame for High Rates, Fraud?

  13-09-2016 17:31
  
  A dozen states still use no-fault auto insurance to cover the medical expenses of crash victims. Michigan House members returned to work last week to decide whether they’ll give the state’s motorists a break on their highest-in-the-nation auto insurance premiums. …
  
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• New money weakens returns, set to drive insurance M&A - Reuters

  13-09-2016 17:25 via reuters.com
  
  New money weakens returns, set to drive insurance M&A
  Reuters
  MONACO Insurance executives meeting in Monaco are preparing for another wave of mergers and acquisitions, driven by competition and new money entering the market and driving down returns. After record insurance deals totaling $126 billion in 2015, ...and more »
  
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• Prospect General in California Tribunalized by Lloyd’s

  13-09-2016 17:24
  
  La Jolla, Calif.-based program administrator Prospect General Insurance Agency announced its tribunalization by Lloyd’s of London. Being named a coverholder allows Prospect General access to the Lloyd’s marketplace. Prospect General intends to initially utilize the available capacity to roll out …
  
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• Samsung Blames Minor Battery Defect for Galaxy Note 7 Smartphone Recall

  13-09-2016 17:21
  
  Samsung Electronics Co. blamed a minor battery manufacturing flaw for prompting a global recall of its Galaxy Note 7 smartphones and is seeking more time to investigate the cause behind its deepest crisis in years. The Korean company outlined the …
  
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• Income, Poverty, and Health Insurance in the United States in 2015 - The White House (blog)

  13-09-2016 17:16 via whitehouse.gov
  The White House (blog)
  Income, Poverty, and Health Insurance in the United States in 2015
  The White House (blog)
  In 2015, household income grew at the fastest rate on record, the poverty rate fell faster than at any point since 1968, and the uninsured rate continued to fall. Watch as President Obama discusses the remarkable progress today's Census report laid out ...
  Income and Health Insurance Coverage in the US Rise as Poverty DropsABC News
  U.S. Census Bureau -- Income, Poverty and Health Ins
  
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• Ford to sell driverless cars to public by 2025, CEO says

  13-09-2016 17:12
  
  The goal is to lower costs enough to make autonomous vehicles affordable to millions of people, CEO Mark Fields said in a speech Monday.
  
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• Mandatory school sports insurance in Pinellas: You Paid For It, but why? - WFLA

  13-09-2016 17:11 via wfla.com
  
  WFLA
  Mandatory school sports insurance in Pinellas: You Paid For It, but why?
  WFLA
  Drew Smyly pitched 5 2/3 innings to remain unbeaten at Rogers Centre, Alexei Ramirez and Steven Souza Jr. hit home runs and the Tampa Bay Ra… Rays to Tampa · Blue Jays, Rays clear benches, bullpens after Toronto wins. September 12, 2016.
  
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• UK lawmakers to study post-Brexit insurance rules revamp - Reuters

  13-09-2016 17:02 via reuters.com
  
  Wall Street Journal
  UK lawmakers to study post-Brexit insurance rules revamp
  Reuters
  LONDON, Sept 13 Britain's exit from the European Union creates an opportunity to rethink the bloc's burdensome solvency rules for insurers to better serve consumers, British lawmakers said on Tuesday. Prudential, Aviva and the Lloyd's of London ...
  UK Lawmakers Announce Inquiry Into EU's Insurance Industry RulesWall Street Journalall 8 news articles »
  
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• Hiscox Expansion of ILS Activity Includes New Collaterized Capability, Rebranding

  13-09-2016 16:37
  
  Insurer Hiscox said it is building a collateralized reinsurance insurance linked securities (ILS) capability for launch on January 1, 2017, in addition to expanding its fully-fronted ILS fund structures. The expanded ILS team is being rebranded as Hiscox Re Insurance …
  
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• R&Q Acquires Royal London General Insurance in Run-Off - Insurance Journal

  13-09-2016 15:58 via insurancejournal.com
  
  R&Q Acquires Royal London General Insurance in Run-Off
  Insurance Journal
  Randall & Quilter Investment Holdings Ltd. has agreed to acquire Royal London General Insurance Co., a UK non-life insurance company in run-off, from The Royal London Mutual Insurance Society Limited. According to R&Q, RLGI underwrote non-life ...
  
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• R&Q Acquires Royal London General Insurance in Run-Off

  13-09-2016 15:46
  
  Randall & Quilter Investment Holdings Ltd. has agreed to acquire Royal London General Insurance Co., a UK non-life insurance company in run-off, from The Royal London Mutual Insurance Society Limited. According to R&Q, RLGI underwrote non-life insurance from 1985 to …
  
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• Liberty Mutual Giving Consumers a Voice in Insurance via Amazon's Alexa - Insurance Journal

  13-09-2016 15:29 via insurancejournal.com
  
  Insurance Journal
  Liberty Mutual Giving Consumers a Voice in Insurance via Amazon's Alexa
  Insurance Journal
  Liberty Mutual Insurance has launched the first insurance-focused service for Amazon's Alexa, a voice-controlled device that plays music; provides news, sports, directions and other information, and even controls lights and appliances. Liberty Mutual's ...
  Amazon Echo (@amazonecho) | TwitterTwitter
  Amazon just announced a cheaper Echo Dot on Twitter. Then it deleted the tweet.Recodeall 83
  
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• Liberty Mutual Giving Consumers a Voice in Insurance via Amazon’s Alexa

  13-09-2016 15:18
  
  Now shopping for insurance is simpler than ever. Just speak up. Liberty Mutual Insurance has launched the first insurance-focused service for Amazon’s Alexa, a voice-controlled device that plays music; provides news, sports, directions and other information, and even controls lights …
  
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• New Hampshire Prep School Sued Over Withdrawing Student Who Had Sex

  13-09-2016 15:06
  
  A New Hampshire prep school criticized for how it has handled sexual misconduct and assault cases is facing a federal lawsuit from the parents of a 15-year-old boy, saying it was wrong to withdraw their son after he had sex …
  
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• Arch Coal Ends Self-Bonding, Agrees to Fund Future Mine Cleanups to Exit Bankruptcy

  13-09-2016 14:47
  
  U.S. coal miner Arch Coal has agreed to set aside collateral to cover future mine cleanup costs as part of its bankruptcy reorganization plan, according to a court filing, ending its controversial use of “self-bonds.” For decades the largest U.S. …
  
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• Hartford Refuses to Pay if Damages Awarded in Police Officer Lawsuit

  13-09-2016 14:36
  
  Hartford officials have reversed their position and now say they won’t pay damages that might be awarded against two city police officers in an upcoming trial over an illegal police search that ended with one of the officers killing a …
  
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• Hartford Officials Refuse to Pay if Damages Awarded in Police Officer Lawsuit

  13-09-2016 14:36
  
  Officials in the city of Hartford have reversed their position and now say they won’t pay damages that might be awarded against two city police officers in an upcoming trial over an illegal police search that ended with one of …
  
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• Court Reinstates Whistleblower Retaliation Claim Against JPMorgan

  13-09-2016 14:32
  
  A federal appeals court on Monday revived a former JPMorgan Chase & Co. private banker’s whistleblower lawsuit accusing the bank of firing her in retaliation for warning that an Israeli client might be committing fraud. The 2nd U.S. Circuit Court …
  
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• Maryland Insurance Administration’s Hatchette Joins Maryland Commission on Aging

  13-09-2016 14:22
  
  Governor Larry Hogan has appointed Joy Hatchette to the Maryland Commission on Aging, in which she will be one of 13 members appointed by the Governor who work to review programs and activities for older adults and recommend programs to …
  
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• Is This the Bottom of Reinsurance Cycle? Opinions Vary at Rendez-Vous

  13-09-2016 14:21
  
  It may be wishful thinking – but some major reinsurers are hoping the bottom of the reinsurance cycle is at hand. Both Swiss Re and Hannover Re told journalists at this year’s reinsurance Rendez-Vous de September in Monaco that they …
  
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• Google France boss says looking for insurance partners | Reuters - Reuters

  13-09-2016 13:59 via reuters.com
  
  Reuters
  Google France boss says looking for insurance partners | Reuters
  Reuters
  Nick Leeder, CEO of Google France, attends the MEDEF union summer forum on the campus of the HEC School of Management in Jouy-en-Josas, near Paris, ...and more »
  
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• Top 5 ergonomic trends redefining the workplace

  13-09-2016 13:00
  
  Workplaces are changing from closed offices to open spaces. Here are the top five ergonomic trends you need to redefine your work space.
  
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• The biggest mistake salespeople make on social media

  13-09-2016 13:00
  
  Just because someone agrees to connect on social media does not make that person a qualified sales lead.
  
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• Express kidnappings focus on foreign travelers

  13-09-2016 13:00
  
  Students and missionaries are popular targets.
  
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• Does "shadow insurance" lead to dangerous debt deals? - CBS News - CBS News

  13-09-2016 12:01 via cbsnews.com
  
  Does "shadow insurance" lead to dangerous debt deals? - CBS News
  CBS News
  Life insurers take debt from one pocket and put it in another, making themselves look good but creating future problems.and more »
  
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• Lawmakers Call for U.S. Effort to Thwart Vehicle Hacking

  13-09-2016 09:00
  
  Four Republican members of Congress on Monday urged U.S. auto safety regulators to convene an industry-wide effort to prevent possible attacks on computer systems in vehicles. The lawmakers addressed their concerns in a letter to the U.S. National Highway Traffic …
  
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• PartnerRe Taps Willis Re’s Beedle to Head Asia-Pacific

  13-09-2016 08:30
  
  James Beedle will be appointed to the position of head of Asia-Pacific and CEO of Partner Reinsurance Asia Pte. Ltd. to head up PartnerRe’s business operations in that region. Subject to regulatory approval, Beedle will take up his position on …
  
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• Guy Carpenter’s Carter Moves to JLT Re’s International Division in London

  13-09-2016 08:00
  
  Reinsurance broker JLT Re has named Matthew Carter as a partner in its London Market & International Division, which is led by Bill Bennett. Carter will be based in JLT Re’s London office. In his new role, Carter will be …
  
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