Insurance news

• Insurance Insight: Tips for teen drivers and college students - Glenwood Springs Post Independent

  27-09-2016 23:52 via postindependent.com
  
  Glenwood Springs Post Independent
  Insurance Insight: Tips for teen drivers and college students
  Glenwood Springs Post Independent
  The leaves are changing, the air is crisp and school has been back in session for a while now. We are so proud of our niece who just started at Colorado Mesa University, her sister who is now a high school freshman and their cousin who has enlisted in ...
  
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• Florida Regulators Order 14.5% Workers’ Comp Rate Increase in Response to Court Rulings

  27-09-2016 23:35
  
  The Florida Office of Insurance Regulation (OIR) announced today that it has given contingent approval for an overall statewide workers’ compensation rate increase of 14.5 percent to take effect Dec. 1, 2016. The rate increase is in response to two …
  
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• Florida Approves 14.5% Workers’ Comp Rate Hike in Response to Court Rulings

  27-09-2016 23:35
  
  The Florida Office of Insurance Regulation (OIR) has given contingent approval for an overall statewide workers’ compensation rate increase of 14.5 percent to take effect Dec. 1, 2016. The rate increase is in response to two recent Supreme Court rulings …
  
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• Sierra Specialty Taps Sergeant for Ag/Livestock Marketing

  27-09-2016 23:33
  
  Sierra Specialty has named Mike Sergeant in marketing in its agri-business department. Sergeant will specialize in marketing ag and livestock insurance products. His 34 years of experience. Sergeant started with Hartford Insurance Co. in 1981 in their livestock department. Sierra …
  
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• California Earthquake Authority Sees Surge in New Policies

  27-09-2016 23:30
  
  The California Earthquake Authority has seen a significant increase in the purchase of CEA policies so far in 2016, according to its top executive. CEA now has more than 908,000 policies in force, an increase of roughly 29,000 policies in …
  
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• Stone Creek Names Brooks Assistant Commercial Account Manager in California

  27-09-2016 23:11
  
  Stone Creek Insurance Agency has named Sinead Brooks an assistant commercial account manager in its Lafayette, Calif. headquarters. Brooks has three years of experience and specializes in the niche of construction, but also has experience with wrap-ups, technology and restaurants. …
  
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• Tyson recalls 60 tons of chicken nuggets on contamination fears

  27-09-2016 22:52
  
  Tyson Foods Inc., the largest U.S. meat processor, is recalling 132,520 pounds (60 metric tons) of fully cooked chicken nuggets that may be contaminated with hard plastic.
  
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• Ex-AIG CEO Greenberg Testifies in Reinsurance Trial

  27-09-2016 22:31
  
  Former American International Group Inc. Chairman Maurice “Hank” Greenberg says he got personally involved in an “insignificant” business deal at the insurance giant 18 years ago to teach some managers a lesson. Now, that deal is part of a fraud …
  
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• Quants Do the Math on a New Target: Insurance - WSJ - Wall Street Journal

  27-09-2016 22:09 via wsj.com
  
  Wall Street Journal
  Quants Do the Math on a New Target: Insurance - WSJ
  Wall Street Journal
  Two Sigma Investments spent the last 15 years honing its quantitative approach to investing. Now, it's turning its number-crunching prowess on new prey: ...and more »
  
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• Selling Obamacare: Millennials get pitch on Twitch for health insurance sign-ups - CNBC

  27-09-2016 20:28 via cnbc.com
  
  CNBC
  Selling Obamacare: Millennials get pitch on Twitch for health insurance sign-ups
  CNBC
  It's game-on in a new effort to get millennials to buy into Obamacare — and strengthen the financial performance of health insurance plans. Federal officials on Tuesday revealed a strategy that relies on popular social media platforms and college ...
  Obama threatens to veto bill exempting people who lose ...Washington Timesall 39 news articles »
  
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• Startup Offers Payment Insurance for Apartment Hunters - Wall Street Journal

  27-09-2016 20:27 via wsj.com
  
  Wall Street Journal
  Startup Offers Payment Insurance for Apartment Hunters
  Wall Street Journal
  As the apartment market soars across the U.S., one financial-services startup sees opportunity in helping tenants get into units they can't qualify for on their own. TheGuarantors, launched in New York in 2014, sells payment insurance to tenants ...
  
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• Rash of Property, Auto Fires in Arkansas Town Thought to Be Arson

  27-09-2016 18:47
  
  Police in Helena-West Helena, Ark., say six separate fires that caused about $120,000 in property damage are being investigated as arson. The first occurred on Friday close to a public housing development where firefighters found a vehicle fully engulfed in …
  
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• XL Catlin Appoints Chambers as Country Manager, Hong Kong – Insurance - Insurance Journal

  27-09-2016 18:46 via insurancejournal.com
  
  XL Catlin Appoints Chambers as Country Manager, Hong Kong – Insurance
  Insurance Journal
  XL Catlin's insurance operations announced the appointment of Jamie Chambers as country manager for Hong Kong. In his new role, Chambers will be responsible for driving XL Catlin's insurance business and market presence in Hong Kong. He takes on ...
  
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• XL Catlin Appoints Chambers as Country Manager, Hong Kong – Insurance

  27-09-2016 18:37
  
  XL Catlin’s insurance operations announced the appointment of Jamie Chambers as country manager for Hong Kong. In his new role, Chambers will be responsible for driving XL Catlin’s insurance business and market presence in Hong Kong. He takes on this …
  
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• Vandals Damage More than 100 Vehicles in St. Louis

  27-09-2016 18:24
  
  St. Louis, Mo., police are looking for suspects after more than 100 vehicles were damaged over the weekend, either by pellet guns or BB guns. KTVI-TV reports that many of the vehicles had their windows shot out, including several along …
  
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• Lower Flood Insurance Rates Coming to Louisiana’s St. Charles Parish

  27-09-2016 18:23
  
  Officials say as many as 4,000 homeowners in Louisiana’s St. Charles Parish may be eligible for a dramatic reduction in flood insurance rates. Starting Oct. 1, residents on the parish’s east bank may be eligible for something called a “preferred …
  
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• St. Louis Area Landfill Operator Settles Suit with 34 Homeowners

  27-09-2016 18:21
  
  The operator of a suburban St. Louis landfill where an underground fire is producing a strong odor has reached a settlement in federal lawsuits filed by nearly three dozen nearby residents. Bridgeton Landfill LLC announced the settlement on Sept. 23. …
  
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• Global Risk Partners Buys Marshall Wooldridge, a UK Broker with Growth Plans

  27-09-2016 18:21
  
  Global Risk Partners Limited (GRP), the acquisitive insurance broking and managing general agent investment vehicle, has acquired Marshall Wooldridge, a UK commercial insurance broker which controls in excess of £20 million ($25.2 million) GWP. Marshall Wooldridge has served the business …
  
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• Simmons Named Chief Marketing Officer at Armed Forces Insurance

  27-09-2016 18:20
  
  Leavenworth, Kansas-based Armed Forces Insurance (AFI), which serves current and retired members of the uniformed services, their children and Department of Defense civilians, has promoted Lori L. Simmons to chief marketing officer and vice president, Marketing and Corporate Communications. Simmons, …
  
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• New York Cyber Conference Panelists Stress Importance of Unified Cybersecurity Plan

  27-09-2016 18:11
  
  As cyber attacks become a growing concern with advances in technology, firms should be working to establish a cybersecurity plan that is cohesive across business operations to effectively reduce damage and cyber insurance claims, according to panelists at the 2016 Professional …
  
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• 2 New Insurers Approved to Operate in Arkansas

  27-09-2016 18:10
  
  The Arkansas Insurance Department announced that two companies have been approved to begin offering insurance products in the state. Arkansas Insurance Commissioner Allen Kerr has granted authority to Motorists Life Insurance Co. (MLIC) of Columbus, Ohio, to write life, accident …
  
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• Stanford Opens Newest Florida Brightway Office in Jacksonville

  27-09-2016 17:48
  
  Brightway Insurance has expanded its network of insurance retail locations in Jacksonville, Fla., with the addition of insurance agent and new Brightway Agency Owner Anne Stanford, who opened the company’s newest office Sept. 26. Stanford has more than 20 years …
  
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• UK Financial Sector’s Optimism Plunges in Wake of Brexit Vote

  27-09-2016 17:29
  
  Optimism about the outlook for Britain’s financial services sector is at its lowest point since the financial crisis, a survey of finance firms showed on Monday. The latest survey of 115 financial services firms by business lobby CBI [Confederation of …
  
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• Insurers Encouraged by Latest Round of Covered Agreement Talks

  27-09-2016 17:28
  
  Insurers say they are encouraged by the most recent developments in the covered re/insurance agreement negotiations between the United States and European Commission. Following the latest round of the talks, held Sept. 21-22 in Washington, D.C., the United States and …
  
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• North Carolina Supreme Court Upholds Blame on DOT for Crash that Killed 3

  27-09-2016 17:14
  
  North Carolina’s highest court has upheld earlier rulings that the state Department of Transportation’s failure to install traffic signals at a Charlotte-area intersection helped cause an accident that killed three, including two children. The state Supreme Court affirmed Friday the …
  
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• Health Insurance Premiums Have Continued To Rise Faster Than Worker Wages Under Obamacare - Forbes

  27-09-2016 17:11 via forbes.com
  
  Forbes
  Health Insurance Premiums Have Continued To Rise Faster Than Worker Wages Under Obamacare
  Forbes
  Regrettably, not a word was mentioned about health care in last night's face-off between Hillary Clinton and Donald Trump. Last time I checked, Americans were far more concerned about health care than they were about tangential issues such as ...and more »
  
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• California Rural Communities Evacuated in Wake of Heat-driven Wildfire

  27-09-2016 16:37
  
  More evacuations were ordered Tuesday as a growing wildfire threatened remote communities in California’s Santa Cruz Mountains. The blaze in a rugged area 30 miles south of San Jose destroyed one home and charred more than 1.5 square miles of dry …
  
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• USGS: Moderate Quakes Off Oregon, California Coasts

  27-09-2016 16:35
  
  Scientists say two moderate earthquakes occurred off the Oregon and California coasts late Saturday and early Sunday but neither triggered a tsunami warning. The U.S. Geological Survey says a 5.0 earthquake occurred in the Pacific Ocean about 93 miles southwest …
  
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• Typhoon Megi Hits Taiwan, Bringing 20 Foot Waves, Power Cuts; RMS Comments

  27-09-2016 16:33
  
  Typhoon Megi lashed Taiwan with wind and rain on Tuesday, bringing 20-foot-high waves and knocking pedestrians off their feet in Taipei. More than 280,000 households lost electricity, state-owned utility Taiwan Power said on its website. About 5,000 people were evacuated, …
  
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• Hawaii Governor Asks Obama for Disaster Funding for Maui flooding

  27-09-2016 16:33
  
  Hawaii Gov. David Ige said he plans to ask President Barack Obama for federal assistance to help Maui communities clean up and repair areas damaged by flooding through Iao Valley. The state and Maui County have already issued disaster declarations …
  
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• Universal P&C’s Direct-to-Consumer Homeowners Site Now Selling in 10 States

  27-09-2016 16:28
  
  Universal Direct, a direct-to-consumer online platform for Universal Property & Casualty Insurance Co. homeowners insurance, is now available  in Florida, Hawaii and North Carolina. With these additions, the direct business model is now available in 10 states, including Delaware, Georgia, …
  
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• Runners Sidelined by New Jersey Bomb Blast Join NYC Race

  27-09-2016 16:15
  
  A group of runners whose New Jersey race was canceled after a pipe bomb exploded on the route linked arms as they joined a New York City race Sunday, and said they had no fear about taking part. The racers, …
  
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• Gas Explosion in New York Home Injures 7

  27-09-2016 15:51
  
  Seven people were injured in a gas explosion in a private home in the New York City borough of the Bronx, the city’s fire department. Six people were transported to a hospital, a department spokesman said. Their conditions were not …
  
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• SWIFT Expects Cyber Attacks on Banks to Increase

  27-09-2016 15:32
  
  SWIFT, whose messaging network is used by banks to send payment instructions worth trillions of dollars each day, said three clients were hacked over the summer and cyber attacks on banks are set to increase. The theft of $81 million …
  
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• The State of Property Crime in U.S.

  27-09-2016 15:15
  
  Property crimes resulted in losses of $14.3 billion in the U.S. in 2015, with $4.9 billion of those losses due to motor vehicle thefts, according to the FBI’s Uniform Crime Reporting (UCR) Program. The FBI report, Crime in the United …
  
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• Connecticut Supreme Court sides with insurer suing third parties in workers' comp case

  27-09-2016 14:50
  
  Connecticut's Supreme Court rules that an insurance company paying a workers' comp claim can sue a third party who caused the injury for reimbursement.
  
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• Top cyber threats can shift by industry, but risk is universal

  27-09-2016 13:00
  
  Risk managers are finding that businesses of all sizes face cyber threats, but some industries are more vulnerable than others.
  
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• Scenes from the first day at NAPSLO 2016

  27-09-2016 13:00
  
  NAPSLO 2016 opened at the Hyatt Regency Atlanta and Marriott Marquis in Atlanta, Ga. Here are highlights from the first day of the conference.
  
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• For one young insurance agent, dispelling stereotypes is part of the job

  27-09-2016 13:00
  
  Sarah Skahan is determined to change old-fashioned views on who can be a successful insurance agent.
  
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• Obama Onboard with Road Testing of Autonomous Vehicles

  27-09-2016 12:43
  
  Automated cars have the backing of President Barack Obama, who’s signed off on what’s largely been a hands-off approach to regulating the burgeoning industry, U.S. Transportation Secretary Anthony Foxx said. The U.S. is allowing road trials by the likes of …
  
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• Youth must be served: NAPSLO's internship program evolves

  27-09-2016 12:00
  
  NAPSLO summer interns participate in anine-week program. This year, 17 NAPSLO college interns each spent five weeks with a NAPSLO-member Surplus Lines insurance company and four weeks with a NAPSLO-member wholesale brokerage firm.
  
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• The exit interview: Q&A with NAPSLO President Gil Hine

  27-09-2016 12:00
  
  The outgoing president addresses what he's achieved in her term and work work still needs to be done.
  
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• Pennsylvania Bomb Squad Removes Suspicious Package Near Hotel

  27-09-2016 12:00
  
  Authorities say a suspicious package was removed from outside a Bethlehem hotel while a Celtic festival was being held in the city. The Morning Call reports that police and the fire department’s bomb squad were called at about 8 p.m. Saturday …
  
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• Massachusetts Educators, Police to Discuss Campus Safety at Conference

  27-09-2016 12:00
  
  Keeping students safe on college campuses is the focus of an upcoming conference in Massachusetts. The state Department of Higher Education says the gathering scheduled for Wednesday at the DCU Center in Worcester is expected to attract hundreds of officials …
  
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• Learning by doing: Derek Hughes/NAPSLO Educational Foundation

  27-09-2016 12:00
  
  Here is a look at the many ways the Derek Hughes/NAPSLO Educational Foundation supports insurance professionals and improves understanding of E&S lines.
  
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• Expertise matters: Making the case for the wholesale distribution system

  27-09-2016 12:00
  
  The wholesale distribution system can be a valuable partner to the retail community, and NAPSLO helps its members demonstrate that value.
  
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• Dave Leonard: Ready for what’s next

  27-09-2016 11:00
  
  Dave Leonard, chairman and CEO of Atlanta-based RSUI Group, begins his term as NAPSLO president this week. He shares his thoughts on what's ahead.
  
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• Workers’ Compensation for PEOs and Their Employees

  27-09-2016 07:00
  
  Professional employer organizations (PEOs) began their rise after the adoption of the Tax Equity and Fiscal Responsibility Act of 1982 cleared a path for the creation and expansion of such entities. Between 780 and 980 professional employer organizations operate across …
  
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• What’s Ahead in Health Care Workers’ Compensation?

  27-09-2016 07:00
  
  For the 2017 accident year, health care systems will face a complex environment of emerging risks that will have a direct impact on workers’ compensation, according to analysts at Aon Global Risk Consulting. The risk consulting business recently released its …
  
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• Tropical Storm Julia Leaves Wet Mess Behind in North Carolina

  27-09-2016 06:48
  
  Damage from flooding in eastern North Carolina approached the level of destruction left behind by Hurricane Irene in 2011, Gov. Pat McCrory said Friday. But instead of the hurricane’s storm surge, the cause of this week’s flooding was days of …
  
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