Insurance news

• Creating an Affordable and Sustainable Insurance Marketplace - Forbes

  23-09-2016 23:19 via forbes.com
  
  Forbes
  Creating an Affordable and Sustainable Insurance Marketplace
  Forbes
  The Affordable Care Act (ACA) marketplace is at a crossroads. Too many people are paying higher premiums, with too few choices available to them. Some large national insurers, as well as smaller insurers, are calling it quits. Some say this is a boon ...
  Thousands lose health insurance as BCBS opts out of Nebraska Obamacare exchangeWOWT
  Blue Cross Blue Shield exits federal health insurance exchange (AUDIO)Nebraska Radio
  
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• Reducing long-term care insurance and life insurance costs for fixed ... - MarketWatch

  23-09-2016 22:50 via marketwatch.com
  
  Reducing long-term care insurance and life insurance costs for fixed ...
  MarketWatch
  Retirees and near-retirees are often at a loss about what to do when faced with unexpected premium increases in life insurance and other forms of insurance.and more »
  
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• Reducing long-term care insurance and life insurance costs for fixed-income seniors - MarketWatch

  23-09-2016 22:50 via marketwatch.com
  
  Reducing long-term care insurance and life insurance costs for fixed-income seniors
  MarketWatch
  Retirees and near-retirees are often at a loss about what to do when faced with unexpected premium increases in life insurance and other forms of insurance. One of the challenges that financial advisers face when meeting with clients for financial ...
  Michelle Singletary: Is long-term care insurance worth cost?Press Heraldall 3 news articles »
  
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• Next Gen restructuring yields professional dividends

  23-09-2016 22:30
  
  NAPSLO shows commitment to Next Generation initiative by incorporating young professionals into high-level committees.
  
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• Everest Insurance™ Announces Head of E&S Casualty - Business Wire (press release)

  23-09-2016 21:59 via businesswire.com
  
  Everest Insurance™ Announces Head of E&S Casualty
  Business Wire (press release)
  HAMILTON, Bermuda--(BUSINESS WIRE)--Everest Re Group, Ltd. (NYSE:RE) announces Maria Duffy has joined Everest Insurance as Vice President and Head of E&S Casualty. She will be responsible for managing the strategic expansion and build-out of ...and more »
  
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• OPM rejects call to delay federal long term care price hike - The ... - Washington Post

  23-09-2016 21:30 via washingtonpost.com
  
  Washington Post
  OPM rejects call to delay federal long term care price hike - The ...
  Washington Post
  Members of Congress are urging the Office of Personnel Management to delay a major price hike in the long-term-care insurance program for federal ...and more »
  
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• People on the move in the P&C insurance industry: Sept. 23, 2016 - PropertyCasualty360

  23-09-2016 21:14 via propertycasualty360.com
  
  PropertyCasualty360
  People on the move in the P&C insurance industry: Sept. 23, 2016
  PropertyCasualty360
  San Mateo, California-based insurance software company Cyence said it has named Jennifer A. Livingstone vice president of business development. Livingstone joins from American International Group, where she was senior vice president and head of ...
  
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• People on the move in the P&C insurance industry: Sept. 23, 2016

  23-09-2016 21:10
  
  News from Aon Risk, Verisk, XS Brokers and more.
  
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• What to watch for in the Hank Greenberg trial

  23-09-2016 20:30
  
  Here are some tips of what to look for as former AIG CEO Maurice 'Hank' Greenberg testifies in his civil fraud trial, which has been working its way through the courts for 11 years.
  
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• Trump hotels to pay New York $50,000 over data breaches

  23-09-2016 20:16
  
  Data breaches exposed more than 70,000 credit-card numbers and other personal information.
  
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• THE INSURTECH REPORT: How financial technology firms are helping - and disrupting - the nearly $5 trillion ... - Business Insider

  23-09-2016 19:53 via businessinsider.com
  
  Business Insider
  THE INSURTECH REPORT: How financial technology firms are helping - and disrupting - the nearly $5 trillion ...
  Business Insider
  The global insurance industry is worth nearly $5 trillion, and insurance companies are at risk of losing a share of this valuable market to new entrants. That's because these legacy players have been even slower to modernize than their counterparts in ...and more »
  
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• Insurtech Research - Financial Technology & The Insurance Industry ... - Business Insider

  23-09-2016 19:53 via businessinsider.com
  
  Business Insider
  Insurtech Research - Financial Technology & The Insurance Industry ...
  Business Insider
  In this report we look at the drivers behind the increasing number of insurtech companies and how they are impacting others in the insurance industry.and more »
  
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• National Insurance Defense Firms Shaking Up Atlanta Market - Daily Report (registration)

  23-09-2016 19:15 via dailyreportonline.com
  
  Daily Report (registration)
  National Insurance Defense Firms Shaking Up Atlanta Market
  Daily Report (registration)
  Atlanta is a busy regional hub for insurance defense work, with a plethora of national and regional insurance carriers—but it's also a highly competitive market with dozens of firms vying for that business, ranging from 100-lawyer shops to boutiques ...and more »
  
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• Protests Over Police Shooting Shut Down Downtown Charlotte

  23-09-2016 18:57
  
  Streets appeared calm early Thursday in downtown Charlotte after a second night of violent protests over the deadly police shooting of a black man, although at least three major businesses were asking their employees to stay home for the day …
  
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• QBE North America Adds Manufacturing E&O Endorsement to Product Liability Coverage

  23-09-2016 18:48
  
  QBE North America’s Commercial Insurance business has introduced a manufacturing E&O endorsement to its product liability product offering. The manufacturing E&O endorsement is a claims made coverage form providing broad coverage on a simple rating basis. This endorsement closes a …
  
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• Texas DPS Pledges to Work on Preventing Profiling of Motorists

  23-09-2016 18:41
  
  The Texas Department of Public Safety says it will regularly review traffic stop data to ensure minority motorists aren’t being stopped and searched at higher rates than white drivers. DPS now will review traffic stops for individual troopers, rather than …
  
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• Tulsa Geoscience Center Gets Earthquake Sensor; Area Now Has 3

  23-09-2016 18:25
  
  With no signs earthquakes will stop rumbling in the state anytime soon, Oklahoma museums and schools are being targeted to participate in a nationwide citizen science project that tracks — or catches — seismic activity to learn more about quakes …
  
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• Though Strapped for Cash, New Mexico Missed $193M in Insurance Taxes - Claims Journal

  23-09-2016 18:18 via claimsjournal.com
  
  Though Strapped for Cash, New Mexico Missed $193M in Insurance Taxes
  Claims Journal
  New Mexico failed to collect at least $193 million in taxes on insurance premiums over the past five years, even as the state struggles this year to close a major budget shortfall, according to an independent review of collections. New Mexico State ...and more »
  
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• Ag Disaster Declared in 24 Louisiana Parishes, 2 Texas Counties

  23-09-2016 18:15
  
  The U.S. Department of Agriculture has named 24 Louisiana parishes and two Texas counties agricultural disaster areas because of last month’s storms and flooding. Eleven parishes are primary disaster areas, and the others are adjacent to them, the Louisiana Department …
  
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• Canada’s Regulator Tightens Capital Requirements for Mortgage Insurers

  23-09-2016 17:49
  
  Canada’s financial services regulator released new draft capital requirements for federally regulated mortgage insurers to better reflect growing risks in the country’s housing markets. The Office of the Superintendent of Financial Institutions said Friday the new requirements, which will come …
  
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• 25 million people could lose health insurance under Donald Trump's plan, analysis shows - Washington Post

  23-09-2016 17:45 via washingtonpost.com
  
  Washington Post
  25 million people could lose health insurance under Donald Trump's plan, analysis shows
  Washington Post
  As many as 9.6 million Americans could gain health insurance under Hillary Clinton's proposal to provide families a tax credit to help them pay for premiums, deductibles and coinsurance, according to a new analysis. For a typical family in the lower ...
  Obamacare Is Expanding Health Insurance CoverageU.S. News & World Report
  Big differences between Hillary Clinton's and Do
  
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• New Mexico to go after $193M in Premium Taxes

  23-09-2016 17:13
  
  New Mexico failed to collect at least $193 million in taxes on insurance premiums over the past five years, even as the state struggles this year to close a major budget shortfall, according to an independent review of collections. New …
  
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• Hailstorm Caused $4M in Damage to City in New Mexico

  23-09-2016 17:10
  
  A small city in southeastern New Mexico is recovering after being hit with a strong hailstorm. The Hobbs News-Sun reported that Jal was struck this weekend with hailstones bigger than golf balls that caused an estimated $4 million in damage. …
  
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• Exxon to Pay $12M to Settle over Yellowstone Oil Spill

  23-09-2016 17:08
  
  Exxon Mobil Corp. will pay $12 million for environmental damages caused by a pipeline break that spilled 63,000 gallons (238,474 liters) of crude into Montana’s Yellowstone River and prompted a national debate over lax pipeline safety rules, officials said Wednesday. …
  
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• Former California Rideshare Driver Charged with Assaulting Multiple Passengers

  23-09-2016 17:03
  
  A former driver for Uber and Lyft has been charged with sexually assaulting several women while on the job, and Southern California investigators said that there are likely more victims. An 18-year-old college student reported that she was assaulted Friday …
  
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• How Clinton, Trump Differ on Health Reform

  23-09-2016 16:50
  
  If Democrats keep the White House come November, millions of Americans could gain health-care coverage. If Republicans take it back, millions could become uninsured. A new study ran the numbers under the proposals of both U.S. presidential candidates. Donald Trump’s …
  
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• 12 Extreme Weather Events of the Summer of 2016

  23-09-2016 16:42
  
  The summer of 2016 has lurched from one extreme weather disaster to another at great cost in lives and damages. Here are just some of the worst and weirdest, according to insurance statistics and meteorologists:  Flooding in China’s Yangtze Basin …
  
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• Man Charged in New Jersey Apartment Fire That Destroyed Three Buildings

  23-09-2016 15:27
  
  A 19-year-old has been charged with setting his former New Jersey home ablaze, leaving four firefighters hurt, three buildings destroyed and 20 residents displaced. The Jersey Journal reports a criminal complaint says Matthew Nathan was arrested Sunday afternoon and faces charges …
  
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• Advent Launches Bespoke Products U/W Unit; New Team Joins from Beazley

  23-09-2016 15:24
  
  Lloyd’s insurer Advent announced the launch of its Bespoke Products underwriting unit, led by Paul Driver and Philip Misztela, and supported by Stuart Cowen. The new team will report to Advent CUO William Beveridge. John Marks, who founded the portfolio …
  
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• New Jersey Shore Town Still Considering Settlement for Gay Ex-Officer

  23-09-2016 15:14
  
  Officials in a Jersey shore town say they need more time to consider a proposed $369,000 settlement with a gay former police officer who filed a discrimination lawsuit. The Press of Atlantic City reports the Cape May City Council was …
  
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• Massachusetts' The Hanover Insurance Group Hires Farber - Insurance Journal

  23-09-2016 15:13 via insurancejournal.com
  
  Insurance Journal
  Massachusetts' The Hanover Insurance Group Hires Farber
  Insurance Journal
  The Hanover Insurance Group Inc., a Worcester, Mass. based holding company for several property and casualty insurance companies, has appointed Jeffrey M. Farber as executive vice president and chief financial officer. Farber succeeds Eugene M. Bullis, ...and more »
  
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• Massachusetts’ The Hanover Insurance Group Hires Farber

  23-09-2016 15:07
  
  The Hanover Insurance Group Inc., a Worcester, Mass. based holding company for several property and casualty insurance companies, has appointed Jeffrey M. Farber as executive vice president and chief financial officer. Farber succeeds Eugene M. Bullis, who has served as …
  
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• Coface Appoints Murer as New Jersey Based CEO of North America

  23-09-2016 14:53
  
  Coface, a French trade credit insurer, has appointed Fredrik Murer as CEO of its North America region, which is headquartered in East Windsor, New Jersey. In his new role, Murer will report to Group CEO Xavier Durand. Murer is replacing …
  
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• Big ‘I’ Agents Promote McPhillips to Lobbying Team

  23-09-2016 14:45
  
  The Independent Insurance Agents & Brokers of America (Big “I”) has promoted Jennifer McPhillips to vice president for federal government affairs. McPhillips first joined the Big “I” team in 2006 after working for Rep. Leonard Boswell (D-Iowa). She has climbed …
  
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• Gibraltar Weighs Post-Brexit Reinvention if UK Loses Passporting Rights

  23-09-2016 14:43
  
  Gibraltar, a rocky British enclave on Spain’s southern tip that has positioned itself as a springboard for finance to the European Union, may have to reinvent itself after Britain voted to split from the bloc. Fund managers and insurers have …
  
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• Massive Yahoo Breach Happened 2 Years Ago

  23-09-2016 14:25
  
  Yahoo Inc. said on Thursday that at least 500 million of its accounts were hacked in 2014 by what it believed was a state-sponsored actor, a theft that appeared to be the world’s biggest known cyber breach by far. Cyber …
  
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• R&Q Acquires U.S. Sports Captive Insurer in Runoff

  23-09-2016 14:06
  
  London’s Randall & Quilter Investment Holdings Ltd. said it has acquired United States Sports Insurance Co., a wholly owned captive insurer of USA Swimming Inc. for $2.1 million. The company being acquired was incorporated originally under the laws of Barbados …
  
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• Asta Gets Preliminary Lloyd’s Approval to Manage Blenheim Syndicate 5886

  23-09-2016 14:05
  
  Asta, the Lloyd’s third party managing agent, announced it has received “in principle” approval* from the Lloyd’s Franchise Board to establish and manage Blenheim Syndicate 5886. Asta expects to commence underwriting policies incepting on or after Jan. 1, 2017. Nick …
  
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• Demand for Environmental Impairment Liability Cover Rises in Europe: Marsh

  23-09-2016 13:41
  
  There has been a marked increase in the number of companies purchasing environmental impairment liability (EIL) cover across Europe in recent years, mainly due to an increase in regulation and buyer awareness, according to a report published by Marsh. From …
  
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• How to find $1M or more in your reinsurance contracts

  23-09-2016 13:00
  
  One company used its audit software tools and found hidden treasure — $1M of it — in its reinsurance contracts.
  
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• How to avoid becoming a victim of 'flood vehicle' fraud

  23-09-2016 13:00
  
  Flood-damaged vehicles offer a tempting opportunity for criminals to defraud unsuspecting consumers.
  
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• Chinese insurers are the newest players

  23-09-2016 13:00
  
  Manhattan is currently the largest recipient of Chinese capital, while Los Angeles is number two.
  
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• 3 reasons many new insurance agents fail

  23-09-2016 13:00
  
  The insurance business is a slow cooker, not a microwave, and other wisdom on why young agents might be giving up on the industry.
  
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• 3 reasons Lemonade’s CEO wants to disrupt the insurance industry

  23-09-2016 13:00
  
  Lemonade CEO Daniel Schreiber on the startup's 'mobile, simple and remarkably fast' peer-to-peer insurance model.
  
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• Judge Claims Facebook Not Taking Terrorism Threat Seriously

  23-09-2016 12:40
  
  A federal judge slammed Facebook Inc., saying the social media giant might not be doing enough to deter terrorists from using its platform. U.S. District Judge Nicholas Garaufis in Brooklyn, New York, also accused Facebook’s lawyers — by sending a …
  
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• Surplus lines in 2017: Where do we go from here?

  23-09-2016 12:00
  
  NAPSLO Board Members are asked: What do you consider both the greatest challenges and most promising opportunities right now in the E&S market?
  
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• NAPSLO PAC moves toward $100k goal, help still needed

  23-09-2016 12:00
  
  Aggressive contributions have raised $87,000 to date as influential legislative efforts continue.
  
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• NAPSLO members invited to attend convention's general session on Wednesday

  23-09-2016 12:00
  
  Pulitzer Prize-winning author David McCullough will be the keynote speaker at Wednesday's General Session.
  
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• Lloyd’s Insurer Advent Names Gray as Direct & Facultative Property Consultant

  23-09-2016 11:47
  
  Lloyd’s insurer Advent has appointed Jonathan Gray as consultant for its direct & facultative (D&F) property division. He takes up his role with immediate effect and will report to Nigel Fitzgerald, CEO. Gray brings more than four decades of underwriting …
  
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• The Looming Storm in Insurance - WSJ - Wall Street Journal

  23-09-2016 11:30 via wsj.com
  
  Wall Street Journal
  The Looming Storm in Insurance - WSJ
  Wall Street Journal
  The insurance industry is in a tight spot. This is most obvious in property reinsurance, but that is one symptom of a squeeze across the sector. Global catastrophe ...and more »
  
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