Insurance news

• What You Need To Know About Credit Card Car Rental Insurance - Forbes - Forbes

  16-09-2016 23:29 via forbes.com
  
  Forbes
  What You Need To Know About Credit Card Car Rental Insurance - Forbes
  Forbes
  Renting a car can be a painful experience. The daily rental rate might look low, but you are offered insurance policies at the counter that can dramatically increase the total cost of your rental. Fortunately, many credit cards offer car rental ...
  
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• What You Need To Know About Credit Card Car Rental Insurance - Forbes

  16-09-2016 23:29 via forbes.com
  
  Forbes
  What You Need To Know About Credit Card Car Rental Insurance
  Forbes
  Renting a car can be a painful experience. The daily rental rate might look low, but you are offered insurance policies at the counter that can dramatically increase the total cost of your rental. Fortunately, many credit cards offer car rental ...
  
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• How to Verify That New-to-You Auto Insurance Company Is Legit - Kiplinger Personal Finance

  16-09-2016 21:26 via kiplinger.com
  
  Kiplinger Personal Finance
  How to Verify That New-to-You Auto Insurance Company Is Legit
  Kiplinger Personal Finance
  Start by looking up the insurer's complaint volume and how quickly those complaints were resolved. By Kimberly LankfordSee my bio, plus links to all my recent stories., September 16, 2016. Follow @Kiplinger. My insurance agent recommended I buy auto ...
  
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• Top 5 Vendors in the Global Health Insurance Market from 2016 to 2020: Technavio - Business Wire (press release)

  16-09-2016 20:03 via businesswire.com
  
  Top 5 Vendors in the Global Health Insurance Market from 2016 to 2020: Technavio
  Business Wire (press release)
  LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global health insurance market report. This research report also lists four other prominent vendors that are expected to impact the market during the forecast ...and more »
  
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• Re/Insurers Need to ‘Reinvent’ Products to Participate in New Economy: XL’s McGavick

  16-09-2016 20:00
  
  The re/insurance industry needs to innovate and become more efficient. It is facing more risk, but premiums are declining. Some of its products have become shop-worn and less relevant. Competitive pressures are immense. These are just some of the negative …
  
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• Drop In Fire Insurance Rates For Some Residents - MyArkLaMiss (press release) (blog)

  16-09-2016 19:45 via myarklamiss.com
  
  MyArkLaMiss (press release) (blog)
  Drop In Fire Insurance Rates For Some Residents
  MyArkLaMiss (press release) (blog)
  Copyright 2016 Cable News Network/Turner Broadcasting System, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. Madison Parish. Commissioner of Insurance Jim Donelon says Madison Parish homeowners ...
  
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• Suspect Confesses to Arson at Mosque Of Orlando Nightclub Shooter

  16-09-2016 18:55
  
  An ex-convict who posted anti-Islamic rants online confessed to setting fire to a mosque that the Orlando nightclub shooter occasionally attended, and said he was embarrassed by the crime, according to an arrest affidavit released Thursday. St. Lucie County sheriff’s …
  
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• More People Have Health Insurance in Oklahoma but Uninsured Rate Still High

  16-09-2016 18:50
  
  A new federal study shows the number of Oklahomans without health insurance has fallen by 6 percent since 2010, but the state still has one of the highest percentages of uninsured residents in the country. The study released this week …
  
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• Chubb Expands Cyber Risk Engineering Offerings Into the U.K., Ireland

  16-09-2016 18:47
  
  Chubb has expanded its cyber risk engineering capabilities in the U.K. and Ireland, as it continues to invest in building its cyber enterprise risk management proposition in the region. Chubb’s U.K. and Ireland dedicated cyber risk engineering team, headed by …
  
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• QBE Approved by Treasury for $73.5 Million in Surety Bond Capacity

  16-09-2016 18:43
  
  QBE Insurance Corp. (QBEIC) has been approved by the United States Department of Treasury as a Certified Company with an underwriting limitation (also referred to as a Treasury Listing) of $73.5 million per bond. This builds upon a previously approved …
  
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• Missouri Lawmakers Override Veto, Loosen Gun Laws

  16-09-2016 18:37
  
  Missouri’s Republican-led Legislature has used its supermajority to significantly loosen the state’s gun laws and potentially tighten its voting requirements as lawmakers overrode numerous vetoes of Democratic Gov. Jay Nixon. The sweeping guns legislation would allow most adults to carry …
  
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• XL Catlin Updates Coverage for Design Professionals to Address Emerging Risks

  16-09-2016 18:36
  
  XL Catlin has enhanced its design professional insurance policy form to address architects’, engineers’ and other design businesses’ changing professional liability insurance needs. According to Doug Strong, chief underwriting officer of XL Catlin’s Design Professional insurance business in North America, …
  
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• 3 life insurance mistakes you can easily avoid - CNBC

  16-09-2016 18:28 via cnbc.com
  
  CNBC
  3 life insurance mistakes you can easily avoid
  CNBC
  Mistakes that financial advisors see clients make with life insurance was a common theme at the FPA Be conference in Baltimore this week. "Insurance planning really shouldn't get started until there's been some financial planning," certified financial ...
  
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• Minnesotans on Employer Health Insurance Plans See Modest Rate Hikes - Insurance Journal

  16-09-2016 18:17 via insurancejournal.com
  
  Minnesotans on Employer Health Insurance Plans See Modest Rate Hikes
  Insurance Journal
  The majority of Minnesota residents aren't experiencing the hefty health insurance rate hikes that shoppers who buy their coverage individually will see, according to data released by the federal government. More than half of Minnesota residents are ...
  
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• Minnesotans on Employer Health Insurance Plans See Modest Rate Hikes

  16-09-2016 18:17
  
  The majority of Minnesota residents aren’t experiencing the hefty health insurance rate hikes that shoppers who buy their coverage individually will see, according to data released by the federal government. More than half of Minnesota residents are covered by employer …
  
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• Lawyer: $1.9M Settlement in Sandra Bland Wrongful Death Lawsuit

  16-09-2016 18:14
  
  The family of Sandra Bland, a black Chicago-area woman who died in a Texas jail after a contentious traffic stop last summer, has reached a $1.9 million settlement in their wrongful death lawsuit, the family’s attorney told a Houston television …
  
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• Louisiana Police Jury Seeks to Recover Stolen Money, Sues Insurer

  16-09-2016 18:12
  
  The Rapides Parish Police Jury has hired a law firm to try to recover money they say was stolen from the District Attorney’s Office by an employee. The police jury, which is the governing authority for the parish, agreed to …
  
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• Case Before Iowa Supreme Court Pits Water Supplier Against Farmers

  16-09-2016 18:09
  
  The Iowa Supreme Court heard arguments and must now decide whether to weigh in on a federal lawsuit that pits the water supplier to 500,000 central Iowa residents against upstream farmers accused of contaminating rivers with nitrates from crop fertilizer. …
  
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• Typhoon Meranti leaves at least 7 dead, 6 missing in China

  16-09-2016 17:30
  
  The storm was the hardest to hit the southern Fujian province since 1949, according to China’s official Xinhua News Agency.
  
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• California School Creates Degree for Self-Driving Car Engineers

  16-09-2016 17:07
  
  Auto and tech companies are in a race to get self-driving cars to the public, but as with many cutting-edge technologies, there aren’t enough trained engineers to meet the demand for talent. So Mountain View, Calif.-based online higher education company Udacity …
  
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• Iowa insurance commissioner talks challenges, opportunities of Affordable Care Act - The Gazette: Eastern Iowa Breaking News and Headlines

  16-09-2016 17:02 via thegazette.com
  
  The Gazette: Eastern Iowa Breaking News and Headlines
  Iowa insurance commissioner talks challenges, opportunities of Affordable Care Act
  The Gazette: Eastern Iowa Breaking News and Headlines
  “Iowans looking for coverage may have limited options on the Marketplace in 2017,” Iowa Insurance Commissioner Nick Gerhart testified before a U.S. Senate committee Thursday. Above, he answers a question from The Gazette's editorial board in Cedar ...
  
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• Judge Rules Uber Can Settle with Customers over Tips

  16-09-2016 16:56
  
  Uber Technologies Inc. won permission to settle claims it misled consumers by charging them a 20 percent “gratuity” even though drivers got only about half of it. U.S. District Judge Edward Chen in San Francisco on Thursday gave preliminary approval …
  
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• Wells Fargo Facing Disclosure Questions Over ‘Phantom’ Sales Scandal

  16-09-2016 16:35
  
  A phantom account scandal at Wells Fargo & Co. has put the U.S. bank’s disclosure policies under a harsh spotlight. Despite press reports that a federal regulator and the Los Angeles prosecutor were investigating sales practices at retail branches of …
  
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• Prothonotary v. Commissioners: Civil case about insurance on hold while attorneys write arguments - The Courier-Express

  16-09-2016 16:32 via thecourierexpress.com
  
  The Courier-Express
  Prothonotary v. Commissioners: Civil case about insurance on hold while attorneys write arguments
  The Courier-Express
  RIDGWAY – The civil lawsuit between Elk County's prothonotary and commissioners remains on hold following brief court meeting yesterday. “We all rushed down for this and there's not going to be anything at all,” county Solicitor Tom Wagner informed ...
  
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• New York Regulators Announce Emergency Measure to Protect Some Health Insurers

  16-09-2016 16:20
  
  New York’s Department of Financial Services has issued an emergency regulation intended to help the state’s health insurers deal with a federal requirement that puts some under sharp financial stress. The federally mandated program for adjusting financial risk under the …
  
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• People on the move in the P&C insurance industry: Sept. 16, 2016

  16-09-2016 16:00
  
  News from Chubb, RiskMatch, Olympus Insurance and more.
  
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• XL Catlin to Buy Australian Underwriting Agency Brooklyn

  16-09-2016 15:56
  
  Specialist insurer XL Catlin has agreed to acquire Australia’s  Brooklyn Underwriting from Paul Hines. Brooklyn is an underwriting agency in Australia and a Lloyd’s approved coverholder, that has been operating in the Australian market for more than two decades, Brooklyn …
  
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• Former Kansas Insurance Chief Says Health Law Could Be Fixed If Fellow Republicans Would Help - Kaiser Health News

  16-09-2016 15:40 via khn.org
  
  KCUR
  Former Kansas Insurance Chief Says Health Law Could Be Fixed If Fellow Republicans Would Help
  Kaiser Health News
  Sandy Praeger says, "There are some things that could be done if we could get Congress to be willing to come to the table to try to solve problems.” Meanwhile, another insurer is going on the marketplace in Maricopa County, Arizona, and Oregon settles ...
  Praeger: Problems Driving Insurance Companies From ACA Marketplace Are FixableKCURall 4 news articles »
  
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• City of Boston Launches Urban Mobility Program, Prepares to Test Driverless Cars

  16-09-2016 15:33
  
  Boston, Mass., Mayor Martin J. Walsh, the Boston Transportation Department and the Mayor’s Office of New Urban Mechanics, in partnership with the World Economic Forum, announced the launch of a new program to explore autonomous technologies within the City of …
  
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• AIG Selling Stake in Ascot Lloyd’s Syndicate; Will Keep Bermuda, Reinsurance Ties

  16-09-2016 15:28
  
  American International Group Inc. has agreed to sell its interest in Ascot Underwriting Holdings Ltd. (AUHL) and related syndicate-funding subsidiary Ascot Corporate Name Ltd. to Canada Pension Plan Investment Board (CPPIB) for $1.1 billion. Total consideration for the deal is …
  
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• AIG to Sell Lloyd's Insurance Operations to Canada Pension Fund - Wall Street Journal

  16-09-2016 15:18 via wsj.com
  
  Wall Street Journal
  AIG to Sell Lloyd's Insurance Operations to Canada Pension Fund
  Wall Street Journal
  American International Group Inc. AIG -0.90 % agreed to sell insurance operations connected with Lloyd's of London to Canada's biggest pension fund, receiving about $240 million in cash. The Canada Pension Plan Investment Board will acquire AIG's 20% ...
  CompaniesCanada Pension makes insurance push with Ascot dealFinancial Timesall 19 news articles »
  
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• New Inflation Requirements for Pennsylvania Long Term Care Partnership Policies to Take Effect

  16-09-2016 15:10
  
  Pennsylvania Insurance Commissioner Teresa Miller announced a change in guidance allowing greater flexibility in federally required inflation protection for long term care partnership policies. This flexibility means more consumer choice for Pennsylvanians and should allow insurers to mitigate or even …
  
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• Romania: truckers protest against insurance hikes - Business Insider

  16-09-2016 15:06 via businessinsider.com
  
  Business Insider
  Romania: truckers protest against insurance hikes
  Business Insider
  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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• Lawyers Readying Shareholder Suits Over Fox-Ailes Sex Harassment Claims

  16-09-2016 15:06
  
  The Fox News-Roger Ailes sexual harassment scandal has created plenty of headaches for parent company 21st Century Fox. Here’s another one: potential shareholder litigation. At least three plaintiffs law firms are looking at possible suits alleging harm to investors. There are …
  
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• Drugs in U.S. Workplace at Highest Level in Decade

  16-09-2016 14:56
  
  Following years of declines, the percentage of employees in the combined U.S. workforce testing positive for drugs has steadily increased over the last three years to a 10-year high. An analysis of nearly 11 million workforce drug test results by …
  
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• Alliant Americas Hires Pizzi to New Jersey Office

  16-09-2016 14:54
  
  Alliant Americas, the regional subsidiary of the Newport Beach, Calif., headquartered insurance broker, Alliant Insurance Services, has hired Gregg Pizzi as vice president. In this role, Pizzi will be based in the company’s Basking Ridge, N.J., office and will work …
  
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• Typhoon Meranti Hits China; 6 Reported Dead, More Missing

  16-09-2016 14:30
  
  At least six people died and six are missing as Typhoon Meranti, the strongest storm in the world this year, passed through China. The storm, which earlier killed one person and injured several in Taiwan, claimed three lives and left four …
  
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• More than 90 percent of N.J. residents have health insurance (MAP) - NJ.com

  16-09-2016 14:23 via nj.com
  
  NJ.com
  More than 90 percent of N.J. residents have health insurance (MAP)
  NJ.com
  September 16, 2016. Colleen O'Dea Posted with permission from NJ Spotlight. Nine in 10 residents now are covered. That's better than the national figure, but it's unclear what changes in the marketplace might do. Republish Reprint · Republish Online.and more »
  
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• Deutsche Bank Balks at $14 Billion U.S. Demand to Settle Securities Claims

  16-09-2016 14:19
  
  Deutsche Bank said it would fight a $14 billion demand from the U.S. Department of Justice to settle claims it missold mortgage-backed securities, a shock bill that raises questions about the future of Germany’s largest lender. The claim against Deutsche, …
  
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• Samsung Agrees to Replace 1 Million Galaxy Note 7 Smartphones in U.S.

  16-09-2016 14:11
  
  Samsung Electronics Co. Ltd. formally recalled 1 million Galaxy Note 7 smartphones sold in the United States, replacing or refunding the flagship phones, whose susceptibility to catching fire has damaged the image of the Korean powerhouse. Samsung received 92 reports …
  
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• Insurance Industry's Annual Week of Giving Starts Oct. 8 - Insurance Journal

  16-09-2016 13:30 via insurancejournal.com
  
  Insurance Industry's Annual Week of Giving Starts Oct. 8
  Insurance Journal
  During the Week of Giving, volunteer participants dedicate their time to serve local nonprofits through a range of service projects. These include volunteer events designed to assist at-risk women, children and youth, the homeless, those with ...
  
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• Insurance Industry’s Annual Week of Giving Starts Oct. 8

  16-09-2016 13:30
  
  The Insurance Industry Charitable Foundation (IICF), a nonprofit organization funded by the insurance industry, is hosting its annual Week of Giving during the week of October 8-15. IICF is calling on volunteers to participate in the more than 250 service …
  
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• Ethiopia: Reaching Farmers Through Insurance Services - AllAfrica.com

  16-09-2016 13:29 via allafrica.com
  Ethiopia: Reaching Farmers Through Insurance Services
  AllAfrica.com
  Small scale farming owned by poor farmers is one of the most marginalized sectors, which lack access to credit. As a rain fed and nature dependent task,it fails to attract long term investment because it is regarded as a high business risk venture. As ...
  
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• Employers Use High Deductibles to Hold Down Health Insurance Premiums - The Fiscal Times

  16-09-2016 13:14 via thefiscaltimes.com
  
  The Fiscal Times
  Employers Use High Deductibles to Hold Down Health Insurance Premiums
  The Fiscal Times
  Consumers typically obsess on the premiums when evaluating health insurance choices offered by their employers or private insurers and are highly sensitive to any changes in the rates. As another Obamacare enrollment season rolls around, some analysts ...
  Just 9.1% lack health insurance, a record low, but problems remainThe Boston Globe
  Health insurance coverage for Kentuckians increases
  
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• Has Fed Policy Ruined Your Life Insurance Strategy? - Seeking Alpha

  16-09-2016 13:05 via seekingalpha.com
  
  Seeking Alpha
  Has Fed Policy Ruined Your Life Insurance Strategy?
  Seeking Alpha
  Eight years into our zero-interest-rate policy experiment, the cumulative impacts of repressive Fed policy are starting to show, impacting savers and conservative investors most acutely. A persistent low-interest-rate environment could also mean that ...
  
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• WCEC helps Give Kids the World

  16-09-2016 13:00
  
  Insurers show they really do make the world a better place.
  
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• Think word-of-mouth marketing is enough? Think again

  16-09-2016 13:00
  
  For most businesses, word-of-mouth marketing simply isn’t enough to keep the lights on, let alone grow at a nice pace.
  
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• Airbnb: A risky situation for building owners

  16-09-2016 13:00
  
  Building owners need to be aware of the insurance issues involved when their tenants list rental units on Airbnb.
  
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• 8 insurance sales tips especially for millennial producers

  16-09-2016 13:00
  
  Small business owners make up most of the business in the U.S., but a fifth of those owners are under the age of 35. If you are a millennial selling insurance, here's what you need to know.
  
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• 4 reasons why smart mobility and autonomous driving will cause disruption

  16-09-2016 13:00
  
  As self-driving cars take over the marketplace, the auto insurance industry may need to be more aggressive in developing data-driven insurance and pricing models.
  
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