Insurance news

• Following Flint Tainted-Water Crisis, Michigan Slow to Enact Policy Reforms

  19-09-2016 23:33
  
  In the year since Flint’s man-made drinking water crisis exploded and was exposed primarily as a failure of state government, Michigan has allocated $234 million toward the public health emergency that exposed children to lead and has been linked to …
  
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• Employer insurance costs slow as deductibles soar: Studies - The Gazette: Eastern Iowa Breaking News and Headlines

  19-09-2016 22:53 via thegazette.com
  
  Employer insurance costs slow as deductibles soar: Studies
  The Gazette: Eastern Iowa Breaking News and Headlines
  Employer health insurance expenses continued to rise by relatively low amounts this year, aided by moderate increases in total medical spending — but also by workers taking a greater share of the costs, new research shows. Average premiums for ...
  
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• IICF recruits volunteers for this year's Week of Giving

  19-09-2016 22:41
  
  More than 8,500 insurance industry professionals are expected to volunteer at nonprofits across the country during the week of Oct. 8.
  
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• 5 things to know about terrorism insurance - CBS News

  19-09-2016 22:28 via cbsnews.com
  
  CBS News
  5 things to know about terrorism insurance
  CBS News
  Before the Sept. 11 attacks in 2011, terrorism was such an afterthought to most insurers that they didn't bother to mention it in most property and casualty policies. They were essentially providing the coverage for free. As this weekend's incidents in ...
  
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• Upton to Lead New Rockhill Insurance Group E&S Property Unit - Business Wire (press release)

  19-09-2016 22:00 via businesswire.com
  
  Upton to Lead New Rockhill Insurance Group E&S Property Unit
  Business Wire (press release)
  COLUMBUS, Ohio--(BUSINESS WIRE)--Rockhill Insurance Group, a member of the State Auto Insurance Group, announced today it has hired Tracy Upton, a 30-year insurance veteran with a specialization in startup programs and operations, to lead its new ...and more »
  
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• Hurricane Hermine seen costing insurers less than $400 million

  19-09-2016 21:55
  
  As much as 70 percent of the expense will be tied to residential properties, and insurers will also pay claims related to business interruption and vehicle damage.
  
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• Can Michael J. Fox Help This New Insurance Company Thrive With a Focus on Optimism? - Adweek

  19-09-2016 21:31 via adweek.com
  
  Adweek
  Can Michael J. Fox Help This New Insurance Company Thrive With a Focus on Optimism?
  Adweek
  Do you view insurance companies as soulless corporate monoliths powered by greed and shamefully disconnected from the customers they serve? Yeah, that's what a lot of us believe. And Sonnet, an online insurer launching today in Canada, aims to dispel ...and more »
  
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• It's a Medicare surprise for senior citizens not paying attention - Miami Herald

  19-09-2016 20:02 via miamiherald.com
  
  Miami Herald
  It's a Medicare surprise for senior citizens not paying attention
  Miami Herald
  Seniors, open your mail and read it carefully. What you don't know can hurt you. A special Medicare provision that allows private health insurance companies to enroll individuals who become eligible for Medicare into their Medicare Advantage coverage ...
  Expect Price Increases for Medicare and Health Insurance PoliciesDigital Journalall 8 news articles »
  
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• U-M study finds increase in health insurance coverage for justice-involved individuals - News-Medical.net

  19-09-2016 19:20 via news-medical.net
  
  U-M study finds increase in health insurance coverage for justice-involved individuals
  News-Medical.net
  Every year, millions of people in prison or jail struggle with mental health issues and substance use disorders. And after they get out, those issues can increase their chances of another arrest if they don't receive treatment. But results from a new ...and more »
  
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• New York Bombing Suspect in Custody, Investigation Continues

  19-09-2016 18:59
  
  A suspect has been taken into custody in connection with a bomb that went off from inside a dumpster in New York’s Chelsea neighborhood, injuring 29 people. Mayor Chris Bollwage of Elizabeth, New Jersey, said Ahmad Khan Rahami was taken …
  
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• Hiscox Launches Combined Cyber Risk, Professional Liability Coverage for Hospitals

  19-09-2016 18:51
  
  Hiscox has combined the services of its healthcare and cyber underwriters to launch Healthcare Threat Protect to coordinate with a hospital’s professional and general liability as well as their growing cyber exposures. Healthcare Threat Protect is an all-in-one policy with …
  
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• Ohio Etching Plant Fined $256K for Workplace Safety Violations

  19-09-2016 18:50
  
  Federal safety inspectors are recommending that a Cleveland, Ohio, etching company face $256,000 in penalties for safety and health violations. The Occupational Safety and Health Administration posted an imminent danger notice at A-Brite Plating in April after learning a 40-year-old …
  
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• Louisiana’s Flooding Response Costs Could Reach $81M

  19-09-2016 18:33
  
  Louisiana’s share of response costs to the August flooding could reach $81 million or more. That’s the estimate lawmakers received on Sept. 16, in a first accounting by Gov. John Bel Edwards’ administration about the possible exposure for a state …
  
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• Russell Tapped to Serve on Oklahoma Workers’ Comp Panel

  19-09-2016 18:31
  
  An attorney who most recently served as policy director and counsel to Oklahoma House Speaker Jeff Hickman has been appointed to fill a vacancy on the Oklahoma Workers’ Compensation Commission. Gov. Mary Fallin on Sept. 15 named Jordan Russell to …
  
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• Pain Care Lobby Gave $3.5M in Ohio Political Donations as Opioid Deaths Climbed

  19-09-2016 18:30
  
  As Ohio’s overdose epidemic has climbed toward a record high, an army of lobbyists representing makers of prescription painkillers and their allies poured more than $3.5 million into Ohio political coffers. Pharmaceutical companies and allied groups belonging to the Pain …
  
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• Former hospice exec sent to federal prison for insurance fraud - Pittsburgh Post-Gazette

  19-09-2016 18:25 via post-gazette.com
  
  Former hospice exec sent to federal prison for insurance fraud
  Pittsburgh Post-Gazette
  Mary Ann Stewart, who ripped off government insurance programs by sending patients to her Monroeville hospice who weren't dying, will spend 15 months in federal prison, a judge ruled today. She sobbed before U.S. District Judge Terrence McVerry and ...
  Ex-head of Pennsylvania hospice faces insurance fraud termWashington Timesall 6 news articles »
  
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• DeAngelo Williams: I'm just an insurance policy for Bell - NFL.com

  19-09-2016 18:24 via nfl.com
  
  DeAngelo Williams: I'm just an insurance policy for Bell
  NFL.com
  The 33-year-old running back gobbled up 94 yards on 32 carries Sunday afternoon as the Steelers knocked off the division rival Cincinnati Bengals. It was just 2.9 yards per carry, but the stats belie the production. Williams earned 79 yards after first ...and more »
  
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• 2 Mexican Physicians Sentenced in Texas for Fake Accident-Related Insurance Fraud

  19-09-2016 18:20
  
  Prosecutors in South Texas say two doctors from a family medicine clinic in Mexico must serve nearly three-year U.S. prison terms for insurance-related fraud. Dr. Mayolo Melchor and 61-year-old Dr. Bertha Hernandez-Melchor, of Reynosa, Mexico, were sentenced on Sept. 15 …
  
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• Larson Joins CNA from Chubb, Named Sr. VP – Financial Institutions, Management Liability

  19-09-2016 18:18
  
  Chicago-based CNA has appointed Paul Larson to senior vice president, Financial Institutions and Management Liability, effective Oct. 3. He will be responsible for driving strategy and profitable growth for both of these high-performing areas. Larson joins CNA with more than 24 …
  
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• Ohio Ex-Inmate Wins $3M after State Failed to File Answer to Lawsuit

  19-09-2016 18:16
  
  A former inmate has won $3 million in a lawsuit against an Ohio prison after the state failed to file an answer for several years. John Henricks, 59, of Fulton County, had sued now-retired Dr. Ida Gonzalez and the Pickaway …
  
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• Seattle tech vets propose driverless stretch of Interstate 5

  19-09-2016 17:43
  
  A 150-mile stretch of Interstate 5 between Seattle and Vancouver could eventually be used as a testing ground for autonomous vehicles.
  
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• Appalachian Underwriters Names Budde Western Regional Vice President

  19-09-2016 17:39
  
  Appalachian Underwriters Inc. has named Jeanette Budde Western regional vice president in the firm’s Scottsdale, Airz. office. Budde’s role will focus on profitably growing workers’ compensation business and other product lines in the Western U.S. Budde has experience in workers’ …
  
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• Covered California Prices for Small Business to Rise 5.9%

  19-09-2016 17:31
  
  Small business employees who get health coverage through the Covered California health insurance exchange will see an average price increase of 5.9 percent next year. The figure announced last week affects roughly 28,000 people who work for companies with up to 100 …
  
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• Flooding on Hawaiian Island Prompts Emergency Proclamation

  19-09-2016 17:25
  
  Maui residents and emergency crews are cleaning up following heavy downpours that flooded homes and caused landslides. Maui Mayor Alan Arakawa signed an emergency proclamation after the storm last week, which dropped nearly 10 inches of rain near Iao Valley. …
  
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• Insurance ETFs: Leaders in the Financial Sector - Nasdaq

  19-09-2016 17:23 via nasdaq.com
  
  Nasdaq
  Insurance ETFs: Leaders in the Financial Sector
  Nasdaq
  Even without any help from the Federal Reserve in terms of higher interest rates, rate-sensitive insurance exchange traded funds have been among this year's most impressive performers from the world of financial services ETFs. For instance, investors ...and more »
  
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• California Moving to Study Balcony Safety After Fatal Berkeley Collapse

  19-09-2016 17:20
  
  California is moving to study state balcony standards after a fatal collapse in Berkeley sent shock and horror across the globe last year. Legislation Gov. Jerry Brown signed last week creates a working group to recommend ways to construct better balconies …
  
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• California Suit Could Put an End to Critical Reviews, Yelp Warns

  19-09-2016 17:15
  
  Yelp.com is warning that a California lawsuit targeting critical posts about a law firm could lead to the removal of negative reviews and leave consumers with a skewed assessment of restaurants and other businesses. Lawyer Dawn Hassell said the business …
  
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• USI Insurance Services and Johnson & Bryan Announce Agreement in Principle for USI to Acquire Johnson & Bryan - PR Newswire (press release)

  19-09-2016 17:03 via prnewswire.com
  
  USI Insurance Services and Johnson & Bryan Announce Agreement in Principle for USI to Acquire Johnson & Bryan
  PR Newswire (press release)
  VALHALLA, N.Y., Sept. 19, 2016 /PRNewswire/ -- USI Insurance Services ("USI") has entered into an agreement in principle to acquire Johnson & Bryan ("Johnson & Bryan"). Johnson & Bryan, a leading retail property-casualty and employee benefits ...and more »
  
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• New Verisk Unit to Serve Energy Sector Insurance, Risk Management - Insurance Journal

  19-09-2016 16:40 via insurancejournal.com
  
  Insurance Journal
  New Verisk Unit to Serve Energy Sector Insurance, Risk Management
  Insurance Journal
  Verisk Insurance Solutions has launched a new energy insurance unit focused on risk assessment, rating, and risk modeling for the oil and gas, petrochemicals, power generation, and metals and mining industries. To develop the new unit for use by the ...
  Verisk Insurance Solutions Launches New Energy Insurance UnitGlobeNewswire (press release)all 6 news articles »
  
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• New Verisk Unit to Serve Energy Sector Insurance, Risk Management

  19-09-2016 16:34
  
  Verisk Insurance Solutions has launched a new energy insurance unit focused on risk assessment, rating, and risk modeling for the oil and gas, petrochemicals, power generation, and metals and mining industries. To develop the new unit for use by the …
  
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• Why Your Business Needs Contract Insurance - Small Business Trends

  19-09-2016 16:30 via smallbiztrends.com
  
  Small Business Trends
  Why Your Business Needs Contract Insurance
  Small Business Trends
  You come to the client meeting with pen in hand, ready to sign a new contract. However, in reading the fine print, you see that it requires you to carry particular types of insurance. You ask yourself why that's the case and what steps you will need to ...
  
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• Internet Insurance Group Launches Online Insurance Platform for Small Businesses - Insurance Journal

  19-09-2016 16:00 via insurancejournal.com
  
  Internet Insurance Group Launches Online Insurance Platform for Small Businesses
  Insurance Journal
  Internet Insurance Group (IIG), a Waltham, Mass., based insurance agency that sells commercial insurance to small businesses, has launched its flagship website, SmallBusinessQuote.com. The firm has been working to build out its product offerings over ...and more »
  
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• Internet Insurance Group Launches Online Insurance Platform for Small Businesses

  19-09-2016 16:00
  
  Internet Insurance Group (IIG), a Waltham, Mass., based insurance agency that sells commercial insurance to small businesses, has launched its flagship website, SmallBusinessQuote.com. The firm has been working to build out its product offerings over the past year by building …
  
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• Internet Insurance Group Launches Online Insurance Platform for ... - Insurance Journal

  19-09-2016 16:00 via insurancejournal.com
  
  Internet Insurance Group Launches Online Insurance Platform for ...
  Insurance Journal
  Internet Insurance Group (IIG), a Waltham, Mass., based insurance agency that sells commercial insurance to small businesses, has launched its flagship web.and more »
  
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• Genetic Non-Discrimination Bill Opposed By Insurance Industry Set For Debate - Huffington Post Canada

  19-09-2016 15:52 via huffingtonpost.ca
  
  Huffington Post Canada
  Genetic Non-Discrimination Bill Opposed By Insurance Industry Set For Debate
  Huffington Post Canada
  OTTAWA — A bill that outlaws genetic discrimination and is staunchly opposed by the insurance industry is one of the first pieces of legislation up for debate as the Commons returns to work this week. Bill S-201, an act to prohibit and prevent genetic ...and more »
  
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• Destination Wedding Company Shutdown Shines Light On Insurance - Travel Market Report

  19-09-2016 15:50 via travelmarketreport.com
  
  Travel Market Report
  Destination Wedding Company Shutdown Shines Light On Insurance
  Travel Market Report
  When Ask Me Inc. shut down suddenly in August, agents and their customers were unable to determine whether or not deposits for destination weddings were paid—creating a great deal of stress and confusion for everyone. Some travel agents are still ...
  
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• Skyrocketing Obamacare premiums still lower than employer-sponsored insurance - Washington Post

  19-09-2016 15:48 via washingtonpost.com
  
  Washington Post
  Skyrocketing Obamacare premiums still lower than employer-sponsored insurance
  Washington Post
  People who warn that President Obama's health-care law is in dire straits often point to rising health insurance premiums as proof. Sen. John McCain (R-Ariz.) has called premium increases on Affordable Care Act exchanges "astronomically high." Sen.
  Republican Senators push for more affordable insurance options under ACAThe Tennessean
  Key Obamacare plans often cost less than job-based he
  
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• Lennard Yong to Lead JD Group's Insurance Business as Regional CEO - Business Wire (press release)

  19-09-2016 15:10 via businesswire.com
  
  Business Wire (press release)
  Lennard Yong to Lead JD Group's Insurance Business as Regional CEO
  Business Wire (press release)
  HONG KONG--(BUSINESS WIRE)--Tongchuangjiuding Investment Management Group Co., Ltd. (“JD Group”) announced today that Lennard Yong has joined JD Group on 13 September 2016 as Regional CEO of its insurance business based in Hong Kong.and more »
  
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• AIR Worldwide Expands Global Terrorism Risk Model

  19-09-2016 15:05
  
  Catastrophe risk modeler AIR Worldwide has expanded the capabilities of its terrorism risk model to support scenario testing for the United States and 27 other countries to help companies assess the impact of different attack scenarios on their portfolios and …
  
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• Apex Insurance Services Opens New Jersey Office, Promotes Galati - Insurance Journal

  19-09-2016 14:45 via insurancejournal.com
  
  Apex Insurance Services Opens New Jersey Office, Promotes Galati
  Insurance Journal
  Apex Insurance Services, a Glen Allen, Va., headquartered insurance and reinsurance solutions provider for public entities and educational institutions, has promoted Justin Galati to vice president of brokerage following the opening of its new office ...
  
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• Apex Insurance Services Opens New Jersey Office, Promotes Galati

  19-09-2016 14:45
  
  Apex Insurance Services, a Glen Allen, Va., headquartered insurance and reinsurance solutions provider for public entities and educational institutions, has promoted Justin Galati to vice president of brokerage following the opening of its new office location in Mt. Laurel, N.J. …
  
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• Pennsylvania City Fleet Supervisor Admits Theft in $400K Auto Shop Fraud

  19-09-2016 14:41
  
  A former city fleet supervisor in Philadelphia has admitted to theft and conspiracy charges in a scheme that prosecutors say steered work to an auto body shop that overcharged the city more than $400,000. The Philadelphia Inquirer reports Robert Otterson also …
  
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• Treasurer of Rhode Island Charity Sentenced for Stealing Nearly $186K

  19-09-2016 14:27
  
  The treasurer of a Rhode Island children’s charity has been sentenced to prison for stealing nearly $186,000 from the organization. U.S. Attorney Peter Neronha says Robert Lonardo, of Burrillville, was sentenced Wednesday in federal court in Providence to six months …
  
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• Murphy Joins CFC in London as Claims Director

  19-09-2016 14:24
  
  Specialist lines underwriting agency CFC has appointed Margaret Murphy as Claims Director. Murphy joins the business from the New York law firm, Wilson Elser Moskowitz Edelman & Dicker LLP, where she was a partner. She has experience representing U.S. and …
  
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• Discovery of TNT on downed EgyptAir plane complicates insurance payouts - Insurance Business America

  19-09-2016 14:20 via ibamag.com
  
  Insurance Business America
  Discovery of TNT on downed EgyptAir plane complicates insurance payouts
  Insurance Business America
  Common exclusions in aviation insurance policies may stymie coverage for families of the victims of EgyptAir Flight MS804, as new evidence seems to point to deliberate sabotage of the aircraft, which plunged into the sea while flying from Paris to ...and more »
  
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• Insurance Providers Focus on Customer Experience As Rates Remain Relatively Stable, J.D. Power Study Finds - PR Newswire (press release)

  19-09-2016 14:04 via prnewswire.com
  
  Insurance Providers Focus on Customer Experience As Rates Remain Relatively Stable, J.D. Power Study Finds
  PR Newswire (press release)
  COSTA MESA, Calif., Sept. 19, 2016 /PRNewswire/ -- With homeowners and renters insurance premiums remaining stable, insurers are focusing on the customer experience to differentiate themselves from the competition, according to the J.D. Power 2016 ...and more »
  
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• Insurance Providers Focus on Customer Experience As Rates ... - PR Newswire (press release)

  19-09-2016 14:04 via prnewswire.com
  
  Insurance Providers Focus on Customer Experience As Rates ...
  PR Newswire (press release)
  COSTA MESA, Calif., Sept. 19, 2016 /PRNewswire/ -- With homeowners and renters insurance premiums remaining stable, insurers are focusing on the ...and more »
  
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• Trump Sends Mixed Message on Food Safety Standards

  19-09-2016 14:03
  
  The Trump campaign pitched rolling back food safety regulations in a fact sheet, arguing they are burdensome to farmers and “overkill.” But the campaign later deleted the proposal from its website and offered no explanation. After sending out the fact …
  
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• Brazil's Itaú agrees to sell group life insurance unit to Prudential - Reuters

  19-09-2016 14:03 via reuters.com
  
  Brazil's Itaú agrees to sell group life insurance unit to Prudential
  Reuters
  SAO PAULO, Sept 19 Brazilian lender Itaú Unibanco SA agreed to sell its group life insurance operations to Prudential do Brasil Seguros de Vida SA, the bank said in a securities filing on Monday, without disclosing a price for the transaction. Itaú ...and more »
  
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• Arizona appeals court weighs in on renovation policy exclusion

  19-09-2016 14:00
  
  A look at a case where an insured sues his agent because the policy he ordered was not in effect at the time of loss.
  
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