Insurance news

• SoFi Plans to Offer Life Insurance by End of Year - Bloomberg

  21-09-2016 23:48 via bloomberg.com
  
  Bloomberg
  SoFi Plans to Offer Life Insurance by End of Year
  Bloomberg
  Social Finance Inc., a fintech startup that made its name by helping college graduates refinance student loans, is adding a new type of financial product: life insurance. The San Francisco company will soon start selling term life insurance to its base ...
  
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• Insurance merger could hurt competition in Illinois, AMA says - Chicago Tribune

  21-09-2016 23:16 via chicagotribune.com
  
  Chicago Tribune
  Insurance merger could hurt competition in Illinois, AMA says
  Chicago Tribune
  In this Tuesday, Aug. 19, 2014, file photo, a pedestrian walks past a sign for health insurer Aetna Inc., at the company headquarters in Hartford, Conn. An American Medical Association analysis said a merger between insurance giants Aetna and Humana ...
  AMA: Insurance megamergers 'threaten healthcare access, quality and affordability'Healthcare Dive
  Health Insurance Acquisitions Impede Competition
  
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• Insurance: Average U.S. Homeowners Save 16% by Bundling - Time - Money Magazine

  21-09-2016 23:14 via time.com
  
  Money Magazine
  Insurance: Average U.S. Homeowners Save 16% by Bundling - Time
  Money Magazine
  Combining policies or “bundling” is a tactic insurance salespeople tout as a way for customers to save money, but exactly how much you can save depends a lot ...and more »
  
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• Around the P&C insurance industry: Sept. 21, 2016 - PropertyCasualty360

  21-09-2016 20:30 via propertycasualty360.com
  
  PropertyCasualty360
  Around the P&C insurance industry: Sept. 21, 2016
  PropertyCasualty360
  Bermuda-based specialist insurer Hiscox said it is now offering a combined cyber risk and professional liability insurance for U.S. hospitals called "Healthcare Treat Protect." McLean, Virginia-based Consumer Specialties Insurance Co. said it has ...
  
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• Around the P&C insurance industry: Sept. 21, 2016

  21-09-2016 20:23
  
  News from CAS, USI Insurance, Hiscox and more.
  
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• Lemonade starts insurance sales in N.Y. a year after founding

  21-09-2016 19:48
  
  Lemonade will sell homeowners and renters insurance, promising customers the ability to submit claims within minutes on their mobile devices.
  
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• Travelers offering webinars on cyber threats

  21-09-2016 18:51
  
  This training program for agents and brokers looks at cybersecurity risks and mitigation for businesses, and features insurance professionals, cyber experts, former FBI agents and 'white hat' hackers.
  
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• NIF Group Adds Property, Inland Marine Coverage to Luxury Homebuilders Program

  21-09-2016 18:46
  
  NIF Group, Inc. and ProSight Specialty have added property and inland marine coverages to the Luxury Homebuilders and Remodelers Program currently available in Calif., Ariz., Nev., and Wash. The Luxury Homebuilders and Remodelers Program is designed for the “high-end” general …
  
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• Metromile raises $192 million to take on car insurance business

  21-09-2016 18:42
  
  Fueled with $191.5 million from billionaire Mark Cuban and other investors, Metromile Inc. is now poised to complete its journey as a full-service car insurance company.
  
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• Chubb Rolls Out New Business Owner’s Policy for Small Business

  21-09-2016 18:42
  
  Chubb is rolling out a new business owner’s policy, Chubb BOP. Crafted for small businesses, Chubb BOP incorporates protection for property and liability exposures, a supporting umbrella liability product, and the option to add workers’ compensation, commercial auto, and management …
  
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• Orchid Underwriters Expands Commercial Lines Programs into North, South Carolina

  21-09-2016 18:40
  
  Orchid Underwriters, a specialty underwriter of excess & surplus insurance focusing on coastal properties, is expanding its commercial lines products into North Carolina and South Carolina. This is in addition to the current states of Florida, Louisiana, New Jersey, and …
  
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• McKinney to Join Kemper as Chief Financial Officer

  21-09-2016 18:28
  
  Chicago-based insurer, Kemper Corp., announced that James “Jim” J. McKinney will join the company in November as senior vice president and chief financial officer. McKinney will report directly to Joseph P. Lacher, Jr., Kemper’s president and chief executive officer. He …
  
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• Fix to Pipeline Leak Responsible for Southeast Gas Shortage Expected Today

  21-09-2016 18:28
  
  A main gas line is expected to restart Wednesday with a temporary bypass after a leak and spill in Alabama led to surging fuel prices and some gas shortages across the South, a company official said Tuesday. The roughly 500-foot …
  
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• Michigan Orders Former Agent to Stop Selling Fake Auto Insurance Certificates - Insurance Journal

  21-09-2016 18:24 via insurancejournal.com
  
  Insurance Journal
  Michigan Orders Former Agent to Stop Selling Fake Auto Insurance Certificates
  Insurance Journal
  The Michigan Department of Insurance and Financial Services (DIFS) has ordered a Farmington man to stop selling fraudulent automobile insurance certificates through his company, SBS Agency. DIFS issued cease and desist order to Terrell Lee Smith also ...
  
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• Flood Damage Aid Sought by East-Side Detroit Residents

  21-09-2016 18:22
  
  Residents of Detroit’s east side are seeking flood aid for property damage connected to July rainstorms. More than 1,000 claims have been filed with the Detroit Water Sewerage Department in connection to the July storms, The Detroit News reports. Flooding …
  
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• 4.3 Magnitude Earthquake Strikes Northern Oklahoma

  21-09-2016 18:20
  
  The U.S. Geological Survey says a 4.3-magnitude earthquake struck extreme northern Oklahoma late Monday and was widely felt throughout parts of Kansas. No injuries or damage were reported. The earthquake was centered near the town of Wakita, which is right …
  
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• Whole Foods Reaches $3.5M Settlement with EPA over Environmental Waste

  21-09-2016 18:19
  
  Whole Foods Market Inc., headquartered in Austin, Texas, has reached a $3.5 million settlement with regulators over the disposal of products that were once for sale but later classified as hazardous waste. The Environmental Protection Agency announced the fine and …
  
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• Michigan Orders Former Agent to Stop Selling Fake Auto Insurance Certificates

  21-09-2016 18:18
  
  The Michigan Department of Insurance and Financial Services (DIFS) has told a Farmington man to stop selling fraudulent automobile insurance certificates through his company, SBS Agency. DIFS issued cease and desist order to Terrell Lee Smith also known as “Sam.” …
  
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• Bank of England warns insurers to stop cutting prices to win business

  21-09-2016 18:17
  
  The London insurance market shouldn’t keep cutting rates to secure business because it may not be adequately pricing the risk it is taking on, the Bank of England said.
  
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• Pennsylvania Insurance Commissioner Provides Important Consumer Information on Annuities With AARP on PCN ... - PR Newswire (press release)

  21-09-2016 18:15 via prnewswire.com
  
  Pennsylvania Insurance Commissioner Provides Important Consumer Information on Annuities With AARP on PCN ...
  PR Newswire (press release)
  HARRISBURG, Pa., Sept. 21, 2016 /PRNewswire-USNewswire/ -- Insurance Commissioner Teresa Miller provides important consumer information on annuities, to help people, especially seniors, protect their retirement income on today's edition of the ...and more »
  
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• Answer Financial’s Beard Joins Car Insurance Comparison Markeplace, The Zebra

  21-09-2016 18:11
  
  Austin, Texas-based car insurance comparison marketplace, The Zebra, has added Steve Beard as vice president of sales operations. Beard joins The Zebra after directing carrier relations at Answer Financial, which was acquired by Allstate with Esurance in 2011. Prior to …
  
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• 21 States, Business Groups, Insurance Agents Sue to Block Obama Overtime Pay Rule - Insurance Journal

  21-09-2016 17:53 via insurancejournal.com
  
  Insurance Journal
  21 States, Business Groups, Insurance Agents Sue to Block Obama Overtime Pay Rule
  Insurance Journal
  Officials from 21 U.S. states on Tuesday filed a lawsuit claiming an Obama administration rule to extend mandatory overtime pay to more than 4 million workers will place a heavy burden on state budgets. Hours after the states announced their lawsuit ...and more »
  
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• 21 States, Business Groups, Insurance Agents Sue to Block Obama Overtime Pay Rule

  21-09-2016 17:51
  
  Officials from 21 U.S. states on Tuesday filed a lawsuit claiming an Obama administration rule to extend mandatory overtime pay to more than 4 million workers will place a heavy burden on state budgets. Hours after the states announced their …
  
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• State Farm must face $7B RICO class action, judge rules

  21-09-2016 17:46
  
  A federal district court judge certified a class of plaintiffs in an ongoing suit against State Farm, now facing claims for more than $7.6 billion in damages.
  
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• New York Businesses Advised to Check Insurance in Wake of Chelsea Terrorism Bombing - Insurance Journal

  21-09-2016 17:42 via insurancejournal.com
  
  Insurance Journal
  New York Businesses Advised to Check Insurance in Wake of Chelsea Terrorism Bombing
  Insurance Journal
  New York Governor Andrew Cuomo has identified the incident where a bomb went off from inside a dumpster in New York's Chelsea neighborhood, injuring 29 people, as an act of terrorism. “I said yesterday I believed it was an act of terrorism,” Cuomo said ...
  
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• California Wildfire Now Costliest in U.S. History to Fight at $200M

  21-09-2016 16:33
  
  A wildfire burning for nearly two months on California’s scenic Big Sur coast has surpassed $200 million in firefighting costs, becoming the costliest to fight in U.S. history, according to data released this week. The fire has cost $206.7 million …
  
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• Online insurance shopping site CoverHound launches new portal for SMBs - ZDNet

  21-09-2016 16:31 via zdnet.com
  
  Online insurance shopping site CoverHound launches new portal for SMBs
  ZDNet
  CoverHound, a site that lets people compare and purchase insurance online, is rolling out a new product tailored to small businesses. What's Hot on ZDNet. ​Chipmakers find new ways to go faster · Oracle's Larry Ellison throws punches at AWS · China ...and more »
  
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• Lloyds: 92% of European businesses suffered a cyber breach in the past 5 years

  21-09-2016 16:30
  
  European CEOs, like their U.S. counterparts, are taking responsibility for cybersecurity amid findings that 92 percent of businesses suffered a cyber breach in the past five years.
  
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• Lloyds: 92% of European businesses suffered a cyber breach in the last 5 years

  21-09-2016 16:30
  
  European CEOs, like their U.S. counterparts, are taking responsibility for cyber security amid findings that 92 percent of businesses suffered a cyber breach in the last five years.
  
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• Autonomous Vehicles Involved in Arizona Crashes

  21-09-2016 16:28
  
  Google says three of its self-driving vehicles were involved in crashes in the Phoenix, Ariz. metro area in August. The California-based company says its drivers were manually controlling the vehicles during two of the accidents, but the third was operating …
  
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• Allianz Names Mah North America Winery Team Lead in California

  21-09-2016 16:16
  
  Allianz Global Corporate & Specialty has named Dennis Mah winery team lead for North America. Mah is based in Sacramento, Calif., and he will report to Karen Walter, West zone farm and ranch lead. Mah will be responsible for developing …
  
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• Peer-to-Peer Personal Lines Insurer Lemonade Opens for Business in New York

  21-09-2016 15:41
  
  Peer-to-peer insurance startup Lemonade is open for business in New York, nine months after the startup’s debut and initial venture funding announcement. The New York-based company, which its founders promise will reinvent the insurance business model and make insurance a …
  
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• CoverHound Small Business Commercial Suite Goes Live

  21-09-2016 15:15
  
  Online personal insurance seller CoverHound is adding business insurance offerings—including workers’ compensation and commercial auto—to its online platform at CoverHound.com. Focusing on small businesses with fewer than 20 employees and gradually expanding to cover larger businesses, CoverHound will offer coverage …
  
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• 19 Insurance Firms to Support Homeless Youth in Covenant House New York Event - Insurance Journal

  21-09-2016 15:09 via insurancejournal.com
  
  19 Insurance Firms to Support Homeless Youth in Covenant House New York Event
  Insurance Journal
  On September 23, 109 individuals from 19 different insurance companies in the tri-state area are participating in the Sleep Out (Re)insurance Edition to support homeless youth served by Covenant House, a New York headquartered, privately funded charity ...
  
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• 19 Insurance Firms to Support Homeless Youth in Covenant House New York Event

  21-09-2016 15:08
  
  On September 23, 109 individuals from 19 different insurance companies in the tri-state area are participating in the Sleep Out (Re)insurance Edition to support homeless youth served by Covenant House, a New York headquartered, privately funded charity that seeks to …
  
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• Peer-to-peer companies set their sights on disrupting the insurance industry - CNBC

  21-09-2016 15:01 via cnbc.com
  
  CNBC
  Peer-to-peer companies set their sights on disrupting the insurance industry
  CNBC
  Start-ups are using new strategies to bring disruption to the trillion-dollar insurance industry. One such company is the peer-to-peer lender Lemonade, which became a licensed insurance carrier this week by the state of New York and plans to offer home ...
  Lemonade Starts Insurance Sales in N.Y. a Year After Founding ...Bloomberg
  P2P insurance firm Lemonade launches out of stealth, powered by chatbots, m
  
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• Ex-Head of Pennsylvania Hospice Faces Insurance Fraud Charges

  21-09-2016 14:50
  
  A woman who formerly headed a suburban Pittsburgh hospice faces sentencing on a health care fraud charge accusing her of using patients who weren’t terminally ill to collect millions of dollars in false Medicare and Medicaid claims. Former Horizons Hospice …
  
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• Massachusetts Resisting Drugmakers’ Efforts to Weaken Anti-Opioid Measures

  21-09-2016 14:40
  
  Massachusetts appears to be bucking efforts by makers of prescription painkillers to kill or weaken measures aimed at stemming the tide of prescription opioids. The drugmakers say they’re combating the addiction epidemic, but The Associated Press and the Center for …
  
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• Metromile Auto Insurer Gets $192 Million, Mark Cuban and Mosaic’s 50 State Licenses

  21-09-2016 14:23
  
  Fueled with $191.5 million from billionaire Mark Cuban and other investors, Metromile Inc. is now poised to complete its journey as a full-service car insurance company. The startup Wednesday said it had acquired Mosaic Insurance Inc. — a $22 million …
  
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• Pay-per-mile insurance startup Metromile raises $191.5M, acquires Mosaic Insurance - TechCrunch

  21-09-2016 13:31 via techcrunch.com
  
  TechCrunch
  Pay-per-mile insurance startup Metromile raises $191.5M, acquires Mosaic Insurance
  TechCrunch
  The automotive industry is in flux with the rise of self-driving and electric cars, and the concept of car ownership altogether being thrown into question. With this, the car insurance industry is changing, too, and now, an on-demand car insurance ...
  Metromile Announces $191.5M in Funding; Acquires Insurance CarrierPR Newswire (press release)
  Metromile Raises $192 Million to Take on Car Ins
  
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• Solution shopping for insurance startups

  21-09-2016 13:00
  
  From product design to quote, service, and claims — an insurance platform must be able to address any or all parts of the insurance value chain.
  
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• Can Colin Kaepernick (or you) get fired for a political stance?

  21-09-2016 13:00
  
  The San Francisco 49ers quarterback's decision to make a political stance at his 'office' got us thinking: Just what are the rules governing the expression of political views while on the job?
  
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• 5 types of land development vulnerable to natural disasters

  21-09-2016 13:00
  
  Good land use and planning can do much to reduce the impact of natural catastrophes, not only for the people living in those communities, but for the companies that insure them.
  
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• Stop Cutting Prices, Bank of England Warns Insurers

  21-09-2016 12:47
  
  The London insurance market should not keep cutting prices to secure business because low interest rates mean investment earnings can no longer cushion poor underwriting, the Bank of England said. The key challenge for the industry, which has endured 10 …
  
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• Global Risk Partners Acquires U.K.-based SLK General Insurance Services  

  21-09-2016 11:26
  
  Global Risk Partners Ltd. (GRP), the London-based insurance broking and managing general agent investment vehicle, has acquired the commercial and personal insurance broker, SLK General Insurance Services Ltd., based in Ely, Cambridgeshire in the U.K. SLK Insurance’s management team will …
  
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• Global Risk Partners Acquires U.K.-based SLK General Insurance ... - Insurance Journal

  21-09-2016 11:26 via insurancejournal.com
  
  Global Risk Partners Acquires U.K.-based SLK General Insurance ...
  Insurance Journal
  Global Risk Partners Ltd. (GRP), the London-based insurance broking and managing general agent investment vehicle, has acquired the commercial and ...and more »
  
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• Would You Like Some Insurance With Your Insurance? | Kaiser ... - Kaiser Health News

  21-09-2016 11:07 via khn.org
  
  Kaiser Health News
  Would You Like Some Insurance With Your Insurance? | Kaiser ...
  Kaiser Health News
  Gap insurance plans, used to cover out-of-pocket health expenses like high deductibles, are becoming increasingly popular among consumers and businesses.and more »
  
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• Would You Like Some Insurance With Your Insurance? - Kaiser Health News

  21-09-2016 11:07 via khn.org
  
  Kaiser Health News
  Would You Like Some Insurance With Your Insurance?
  Kaiser Health News
  A screenshot from a video touting a gap plan called "Premium Saver." (Courtesy of Crema Design Studio). Twitter · Facebook · LinkedIn · Email · Print · Republish · Twitter · Facebook · LinkedIn · Email · Print · Republish. For the first time in her ...and more »
  
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• JLT Re Appoints Garnett as Managing Director, Malaysia

  21-09-2016 11:02
  
  JLT Re, the London-based reinsurance broker and consultant, announced the appointment of Jonathan (Jo) Garnett as managing director, Malaysia, subject to regulatory approvals. Garnett will be based in JLT Re’s Kuala Lumpur office and will report to Stuart Beatty, CEO, …
  
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• Zurich Launches Commercial Insurance Unit; Shea Named as Head - Insurance Journal

  21-09-2016 10:18 via insurancejournal.com
  
  Insurance Business Review
  Zurich Launches Commercial Insurance Unit; Shea Named as Head
  Insurance Journal
  Zurich Insurance Group AG named James Shea to head a new unit that will combine its global corporate and commercial businesses as part of a company-wide restructuring. Shea, 50, joins from American International Group Inc. where he headed global ...
  Zurich Insurance to merge corporate, commercialMarketWatchall 15 news articles »
  
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