Insurance news

• Samsung recalls about 1 million Galaxy Note 7 smartphones

  15-09-2016 23:20
  
  Samsung’s Galaxy Note 7 was recalled after the U.S. Consumer Product Safety Commission said the company’s flagship smartphone was found to catch fire due to a battery flaw.
  
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• WTC Leaseholder Bought Terrorism Insurance Just Before 9/11? - snopes.com

  15-09-2016 23:07 via snopes.com
  
  snopes.com
  WTC Leaseholder Bought Terrorism Insurance Just Before 9/11?
  snopes.com
  A longstanding urban legend holds that World Trade Center leaseholder Larry Silverstein "fortuitously" took out terrorism insurance just months before the 9/11 attacks. David Emery. Sep 14, 2016. Share. 27. 30. Claim: World Trade Center leaseholder ...
  
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• Fiat Chrysler recalls 1.4 million U.S. vehicles over seat belts

  15-09-2016 23:00
  
  There have been three fatalities and five injuries possibly related to the situation.
  
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• Report Details Drug Dispensing in California Workers’ Comp

  15-09-2016 20:29
  
  California’s Workers’ Compensation Insurance Rating Bureau has issued a report that shows the share of drug payments made directly to dispensing physicians compared with pharmacies fell by 20 percent over three years. The report, “Patterns of Drug Dispensing in California …
  
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• Woodruff-Sawyer in California Announces CEO Transition

  15-09-2016 20:12
  
  San Francisco, Calif.-based Woodruff-Sawyer & Co. announced that Charlie Rosson will step down as CEO effective Dec. 31. Woodruff-Sawyer’s board of directors has formed a search committee to identify Rosson’s successor.  The search process, which is already under way, will …
  
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• How insurance could have protected CNY SPCA from losing nearly $700000 - Syracuse.com

  15-09-2016 19:53 via syracuse.com
  
  Syracuse.com
  How insurance could have protected CNY SPCA from losing nearly $700000
  Syracuse.com
  Paul Morgan, former SPCA CNY executive director, was arraigned Aug. 26 in DeWitt Town Court on grand larceny charges. He's accused of stealing more than $400,000 from the non-profit group. (Sarah Moses | [email protected]). Print Email.
  
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• Here's Why Your Insurance Deductible Has Tripled - NBCNews.com

  15-09-2016 18:37 via nbcnews.com
  
  NBCNews.com
  Here's Why Your Insurance Deductible Has Tripled
  NBCNews.com
  It's not your imagination, and you're not bad at math. You really are opening your wallet more and more at the doctor's office every year. Image: primary care. Dr. Olveen Carrasquillo sits with Juan Gonzalez during a checkup at the University of Miami ...
  Workers' health insurance premiums rising slowly, but deductibles are spikingCNBC
  Insurance premiums stable, but out-of-pocket health costs risingHouston Chronicle
  Increa
  
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• Zika fears may be causing travelers to reconsider Florida plans, analyst says

  15-09-2016 18:35
  
  Zika cases in Florida may be causing vacationers to reconsider plans to visit resorts including Walt Disney Co. parks in Orlando, according to a BTIG LLC analyst.
  
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• Galveston Completes Most Hurricane Ike Recovery Projects

  15-09-2016 18:25
  
  Most municipal recovery projects in Galveston in the wake of Hurricane Ike have been finished in the eight years since the storm battered the island. Ike made landfall in Galveston on Sept. 13, 2008. The Galveston County Daily News reported …
  
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• Midwest States See Gains in Health Insurance Coverage

  15-09-2016 18:22
  
  Several Midwest states report significant drops in the number of residents without health insurance. New data shows nearly 200,000 Wisconsin residents gained some form of health insurance between 2013 and 2015. In Illinois, under the Affordable Care Act, the number …
  
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• Midwest States See Gains Health Insurance Coverage

  15-09-2016 18:22
  
  Several Midwest states report significant drops in the number of residents without health insurance. New data shows nearly 200,000 Wisconsin residents gained some form of health insurance between 2013 and 2015. In Illinois, under the Affordable Care Act, the number …
  
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• Tropical Storm Julia Weakens Along Southeast Coast

  15-09-2016 18:04
  
  Tropical Storm Julia weakened into a depression and is expected to meander off the coast of Georgia and South Carolina for the next few days, the U.S. National Hurricane Center said on Thursday. Julia is located about 60 miles (95 …
  
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• Romania: Truckers Win Reduction in Insurance Costs - ABC News

  15-09-2016 17:48 via abcnews.go.com
  
  ABC News
  Romania: Truckers Win Reduction in Insurance Costs
  ABC News
  A man rides a motorcycle by trucks and taxis parked in a main square during a protest in Bucharest, Romania, Thursday, Sept. 15, 2016. Trucks and other vehicles have blocked a major square and boulevard in the Romanian capital to protest planned new ...and more »
  
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• Omaha Paying Half of Cost to Fix Residential Street

  15-09-2016 17:48
  
  The city of Omaha, Neb., will pay half of the cost to resurface a street that contains the home of a man who sued the city over its streets policy earlier this year. The City Council voted unanimously to approve …
  
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• Colorado Theater Drops Request for Shooting Victims to Pay Legal Fees

  15-09-2016 17:15
  
  Cinemark has dropped its request that victims of a 2012 shooting at a Colorado movie theater pay nearly $700,000 in legal fees after they unsuccessfully sued the theater chain. The Denver Post reported that Cinemark withdrew the request after victims …
  
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• Utah’s Unique Zika Case Remains Medical Mystery

  15-09-2016 17:11
  
  A case of the Zika virus in Utah is now the only one in the continental U.S. that’s still puzzling researchers on exactly how it spread, health officials said this week. The man caught the illness after caring for his …
  
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• Oregon’s SAIF Announces $140M in Dividends to Workers’ Comp Policyholders

  15-09-2016 16:58
  
  The Oregon SAIF board of directors has decided to give workers’ compensation policyholders two dividends this year totaling $140 million. One dividend is based on premium, and the another is tied to safety performance. The board declared a $120 million …
  
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• Sports Team Doctors Want Medical Malpractice Protection When Traveling Out of State

  15-09-2016 16:26
  
  Congress has advanced legislation to clarify that sports doctors’ medical malpractice insurance should follow them when they travel out of state with their teams. The House of Representatives this week approved the Sports Medicine Licensure Clarity Act (US HR 921), …
  
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• Switch to public insurance tied to shorter survival after heart transplant - Fox News

  15-09-2016 16:12 via foxnews.com
  
  Fox News
  Switch to public insurance tied to shorter survival after heart transplant
  Fox News
  When health insurance changes after a heart transplant, so do survival odds, according to a U.S. study. Patients who switch from private to public insurance, like Medicare or Medicaid, have shorter lifespans than those who stay with private insurance ...and more »
  
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• Professional Insurance Agents of New York State Elects Parsons as President

  15-09-2016 15:51
  
  Professional Insurance Agents of New York State Inc. (PIANY), a trade association representing professional, independent insurance agencies, brokerages and their employees throughout the state of New York, elected John C. Parsons II as president at a recent meeting of the …
  
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• Pennsylvania Man Pleads Guilty to Stealing $1.8M from QVC Shopping Network

  15-09-2016 15:46
  
  A man who spent several years as the lighting manager for online and TV shopping network QVC has pleaded guilty to stealing about $1.8 million from the company. Douglas Rae pleaded guilty to stealing from the West Chester-based QVC Inc. …
  
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• It's a buyer's market for Inland Marine

  15-09-2016 15:30
  
  The general class is stable, but extra capacity has contributed to a buyer’s market. In addition, agents and brokers will find some transportation accounts tough to write because of increased losses.
  
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• Pittsburgh Uber Riders Preview Driverless Cars Through Test Program

  15-09-2016 15:08
  
  Uber riders in Pittsburgh can get a glimpse of the future by summoning a car capable of handling most of the tasks of driving on its own. Starting Wednesday morning, a fleet of self-driving Ford Fusions will pick up Uber …
  
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• Al-Jazeera TV Asks Judge to Toss Major League Baseball Players’ Defamation Claim

  15-09-2016 15:01
  
  Al-Jazeera America is asking a judge to dismiss defamation lawsuits filed by two Major League Baseball players over statements made in the broadcaster’s documentary about performance-enhancing drugs in sports. Lawyers for the news organization and for Ryan Zimmerman of the …
  
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• Greenberg’s Lawyer Says Reinsurance Charges Built on ‘Hearsay and Speculation’

  15-09-2016 14:40
  
  The state pressed on for more than a decade with civil fraud claims against a 91-year-old former chief executive of insurance company American International Group Inc. as a warning to other executives that wrongdoing won’t go unpunished, a state attorney …
  
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• Super Typhoon Meranti Batters Taiwan: Risk Modelers AIR, RMS Assess Impact

  15-09-2016 14:12
  
  Super Typhoon Meranti delivered very strong wind, high storm surge, and flooding precipitation to southern Taiwan as it passed through Luzon Strait near noon local time Wednesday. According to catastrophe modeling firm AIR Worldwide, the strongest storm in the world …
  
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• Super Typhoon Meranti Batters Taiwan

  15-09-2016 14:12
  
  Super Typhoon Meranti delivered very strong wind, high storm surge, and flooding precipitation to southern Taiwan as it passed through Luzon Strait near noon local time Wednesday. According to catastrophe modeling firm AIR Worldwide, the strongest storm in the world …
  
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• How to be a winner in the game of life insurance - USA Today - USA TODAY

  15-09-2016 13:32 via usatoday.com
  
  USA TODAY
  How to be a winner in the game of life insurance - USA Today
  USA TODAY
  September is “Life Insurance Awareness Month,” and while it won't be celebrated with marching bands and fireworks, it might give some Americans pause to ...and more »
  
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• How to be a winner in the game of life insurance - USA TODAY

  15-09-2016 13:32 via usatoday.com
  
  USA TODAY
  How to be a winner in the game of life insurance
  USA TODAY
  September is “Life Insurance Awareness Month,” and while it won't be celebrated with marching bands and fireworks, it might give some Americans pause to think about their family's financial situation. According to LIMRA, an international association of ...and more »
  
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• Entrepreneurial Insurance Symposium, Day 2: What you missed

  15-09-2016 13:30
  
  Insurance professionals from around the country gathered in Dallas, Texas, to learn from industry leaders, entrepreneurs and innovators about ideas for new products and processes.
  
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• When clients’ mental capacity diminishes: An advisor’s role

  15-09-2016 13:00
  
  Here are the signs of cognitive decline, and how advisors can help the client and her family while protecting themselves.
  
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• Live event coverage: Insurance for when the show can't go on

  15-09-2016 13:00
  
  What kind of insurance coverage should you have when the show can't go on?
  
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• Does Drug Company Money Affect Doctors’ Judgment?

  15-09-2016 12:49
  
  The U.S. Food and Drug Administration has a message for doctors: The money you’re taking from pharmaceutical companies may be clouding your judgment. Research sites where  Pfizer Inc. had paid doctors at least $25,000 in speaking, consulting or other fees …
  
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• Tesla Faces Lawsuit Over Crash in China

  15-09-2016 12:42
  
  Tesla Motors Inc. said it has no way of knowing whether its  Autopilot system was involved in a crash in China that killed the driver because the car was too damaged to transmit data. A court in Beijing’s Chaoyang district …
  
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• Lloyd’s Enjoys ‘Healthy Pipeline’ of Entrants Despite Brexit, Chairman Says

  15-09-2016 12:36
  
  The Lloyd’s of London insurance market has a queue of companies wanting to join, Chairman John Nelson said on Monday, even as Britain’s vote to leave the European Union casts doubt over its European business. Nelson said last week that …
  
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• To Cut Costs, Reinsurers Should Lower Brokers’ Fees, Says Lloyd’s Chairman

  15-09-2016 12:31
  
  Reinsurers, forced to cut prices for four years in a row, should target brokers’ fees as the industry seeks to reduce costs, according to Lloyd’s of London Chairman John Nelson. The brokers need to cut profit margins as the industry …
  
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• New York Proposes ‘Flexible’ Cybersecurity Regulation for Insurers, Banks

  15-09-2016 12:00
  
  The New York State Department of Financial Services (DFS) has proposed cybersecurity regulation for financial services companies that aims to protect New York state’s financial services industry from an increasing risk of cyber attacks, Governor Andrew Cuomo announced. The proposed regulation …
  
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• California Moves to Allow Undocumented Immigrants to Buy Insurance - New York Times

  15-09-2016 11:00 via nytimes.com
  New York Times
  California Moves to Allow Undocumented Immigrants to Buy Insurance
  New York Times
  Officials say that up to 30 percent of the state's two million undocumented adults could be eligible for the program, which could face serious hurdles as it seeks ...
  Why California wants health insurance for undocumented immigrantsChristian Science Monitorall 17 news articles »
  
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• Confie Acquires Miami-Based Absolute Insurance Agency

  15-09-2016 07:43
  
  Confie, a national provider of personal and commercial lines insurance, has acquired Absolute Insurance Agency, Inc., in Miami. Absolute, established in 1989, focuses on providing non-standard auto insurance. Confie has completed 14 acquisitions thus far in 2016. According to CEO …
  
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• Miami Businesses Anxiously Await End to Zika Warnings

  15-09-2016 07:29
  
  Business owners are anxious for federal health officials to lift a travel advisory warning pregnant women and their partners to avoid parts of Miami and South Beach that have been identified as zones of active transmission of the Zika virus. …
  
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• ProSight, Program Brokerage Corporation Launch Pest Control Program

  15-09-2016 07:06
  
  ProSight Specialty Insurance has launched a new pest control program to be distributed by Program Brokerage Corporation (PBC), a wholesale insurance brokerage firm and the official endorsed broker of the National Pest Management Association (NPMA). The specialized insurance product expands …
  
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• West Virginia Governor Wants Special Session to Address $300M in Flood Damage

  15-09-2016 06:55
  
  Gov. Earl Ray Tomblin plans to call lawmakers into session next week to cover West Virginia’s share of recovery costs after deadly floods in June caused about $300 million in damages. Tomblin told reporters Tuesday that the administration is finalizing …
  
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• Authorities: Air Conditioning Power Cord Caused Memphis Fire that Killed 9

  15-09-2016 06:00
  
  A house fire that killed six children and three adults in Memphis was caused by an electrical malfunction in an air conditioning unit’s power cord in the living room, authorities said. The Memphis Fire Department released the cause of Monday …
  
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• Cargo-Handling Firm Fined Nearly $339K for Workplace Hazards at O’Hare Airport

  15-09-2016 04:07
  
  Federal safety workplace officials have cited a major cargo-handling company for exposing forklift operators at Chicago’s O’Hare International Airport to struck-by and electrical hazards, and proposed penalties of more than $338,000. The Occupational Safety and Health Administration said this is the …
  
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• Minnesota School District to Pay $50K to Resolve Pay Discrimination Case

  15-09-2016 03:53
  
  A school district in Minnesota has agreed to pay $50,000 to a female employee and reclassify her position to resolve federal charges of equal pay discrimination. The U.S. Equal Employment Opportunity Commission (EEOC) said the Montevideo School District in Minnesota has …
  
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• Trench Safety Hazards Lead to $121K in Fines for Austin Contractors

  15-09-2016 03:48
  
  Two Austin, Texas, construction contracting firms are facing more than $121,000 in combined fines for workplace safety violations involving trenching hazards. The Occupational Safety and Health Administration on Sept. 6 cited Austin Constructors LLC and Muniz Concrete and Contracting Inc. …
  
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• Group Health Insurance Specialist Burgess Joins Higginbotham in Corpus Christi

  15-09-2016 03:27
  
  Fort Worth-based insurance and financial services firm Higginbotham has hired employee benefit plan broker Robbi McAuliffe Burgess as an associate in Corpus Christi. Burgess joins the firm’s 12 local employee health and welfare plan professionals who provide medical, dental, vision, disability, life, retirement …
  
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• August Flood Damage to Louisiana Agriculture: $277M

  15-09-2016 00:45
  
  A new study says the mid-August flooding’s wreckage of south Louisiana crops and farmland caused an estimated $277 million in damage. The estimate released Tuesday by LSU AgCenter economist Kurt Guidry is more than twice his original damage assessment of …
  
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