Insurance news

• Citizens insurance vows to keep fighting for law restricting water claims benefits - Sun Sentinel

  30-09-2016 23:58 via sun-sentinel.com
  
  Sun Sentinel
  Citizens insurance vows to keep fighting for law restricting water claims benefits
  Sun Sentinel
  So say officials of state-run Citizens Property Insurance Corp. who continue to blame the tricounty region for what they describe as a flood of water damage claims and lawsuits that shows no sign of receding. And the company vows to continue its fight ...and more »
  
  Read more

• North Allegheny School District swaps insurance providers - Tribune-Review

  30-09-2016 23:06 via triblive.com
  
  North Allegheny School District swaps insurance providers
  Tribune-Review
  The North Allegheny School District has switched health insurance providers for its roughly 1,000 employees to avoid premium increases pegged at between $4 million and $5 million. The board unanimously approved a contract with UPMC to provide ...
  
  Read more

• One more chance to decide on federal long-term care insurance - Washington Post

  30-09-2016 23:01 via washingtonpost.com
  
  Washington Post
  One more chance to decide on federal long-term care insurance
  Washington Post
  It's not over yet. Federal workers and retirees participating in the Federal Long Term Care Insurance Program (FLTCIP) had until Sept. 30 to make a decision about their coverage. But there's still a window to make a change. Their need to make a ...
  
  Read more

• Naples man found guilty in connection to insurance fraud scheme - NBC2 News

  30-09-2016 21:36 via nbc-2.com
  
  NBC2 News
  Naples man found guilty in connection to insurance fraud scheme
  NBC2 News
  Nesly Loute, 52, is the sixth person to be convicted following a two-year federal and state investigation dubbed "Operation Fraudulent Pain." According to testimony during the six-day trial, Loute conspired with others to operate an unlicensed ...
  
  Read more

• Advertisement

• Minnesota Regulator: Insurance Market in Dire Situation - ABC News

  30-09-2016 20:00 via abcnews.go.com
  Minneapolis / St. Paul Business Journal
  Minnesota Regulator: Insurance Market in Dire Situation
  ABC News
  Minnesota's individual health care market is in "an emergency situation," the state's top industry regulator said Friday, noting that it took the approval of massive rate increases to persuade all its remaining insurance companies not to pull out for ...
  MN insurance premiums jump, state calls increases 'unsustainable'Minneapolis / St. Paul Business Journal
  Individual health insurance premiu
  
  Read more

• People on the move in the P&C insurance industry: Sept. 30, 2016

  30-09-2016 19:30
  
  News from Willis Towers, Aspen, Argo Group and more.
  
  Read more

• Great Dane who ate girl's pants among 11 finalists for 'Hambone' insurance award - UPI.com

  30-09-2016 18:49 via upi.com
  
  UPI.com
  Great Dane who ate girl's pants among 11 finalists for 'Hambone' insurance award
  UPI.com
  A Great Dane puppy who ate a young girl's jeans was named one of 11 finalists for Nationwide Insurance's annual "Hambone Award." The award grants a $10,000 prize to the veterinary hospital which treated pets involved in strange insurance claims.
  
  Read more

• Wisconsin Says Flood Damage Estimate Now Nearing $20M

  30-09-2016 18:42
  
  Wisconsin emergency management officials say the damage to homes, businesses and public infrastructure from flooding that started last week is now approaching $20 million. In an update on Sept. 28, the State Emergency Operations Center put the damage to homes …
  
  Read more

• Advertisement

• Builders of New Orleans Jail Sued by Sheriff

  30-09-2016 18:41
  
  The man under fire for his management of the new jail in New Orleans has filed a lawsuit against the general contractors who built the facility. Sheriff Marlin Gusman’s suit seeks approximately $3 million for missed deadlines that delayed the …
  
  Read more

• Michigan School District Pays $30K to Settle High School Bullying Case

  30-09-2016 18:38
  
  A former Michigan high school tennis player and her mother were paid $30,000 in settlement of a lawsuit that alleged she was bullied while on the varsity team. Michelle Karpinski, community relations manager for Portage Public Schools, says the money …
  
  Read more

• Texas Mutual Virtual Reality Safety Training Module Wins Innovation Award

  30-09-2016 18:08
  
  Workers’ compensation insurer, Texas Mutual Insurance Co., announced it has accepted the Strategy Meets Action (SMA) Innovation in Action Award for its development of Safety in a Box, which uses virtual reality (VR) technology for workplace safety training. The Innovation in …
  
  Read more

• Matthew Becomes Category 3 Hurricane in Central Caribbean Sea

  30-09-2016 17:35
  
  Hurricane Matthew has strengthened into a Category 3 hurricane on the Saffir-Simpson Wind Scale while moving west- southwestward over the Caribbean Sea, the U.S. National Hurricane Center (NHC) said on Friday. Matthew was located about 495 miles (800 kilometers) southeast …
  
  Read more

• California Governor Approves Public Adjuster Reform Bill

  30-09-2016 17:30
  
  California Gov. Jerry Brown has signed a bill that establishes fair practices standards for public insurance adjusters and enhances consumer protections. Senate Bill 488, authored by state Sen. Marty Block, D-San Diego, and sponsored by Insurance Commissioner Dave Jones, was …
  
  Read more

• Should you call in the feds after a cyber breach?

  30-09-2016 17:10
  
  Experts say there are benefits in reporting cyber attacks to the FBI and Secret Service — namely, they know stuff you don't know.
  
  Read more

• How IoT is expected to transform the insurance industry - RCR Wireless News

  30-09-2016 17:00 via rcrwireless.com
  
  RCR Wireless News
  How IoT is expected to transform the insurance industry
  RCR Wireless News
  Insurance companies looking to cut costs, improve business practices and better assess clients' risk levels, will increasingly invest in the internet of things, according to Business Insider. Some auto and health insurers are already offering a new ...and more »
  
  Read more

• Argo Group Names Schaffer to Lead U.S. Commercial Programs in Colorado

  30-09-2016 16:58
  
  Bart Schaffer will now be leading U.S. commercial programs at Argo Group. Schaffer is located in Denver, Colo. Schaffer was previously head of binding operations within Argo Group’s Colony Specialty company. Schaffer joined Colony Specialty in 2007 as regional vice …
  
  Read more

• JLT Re Names Brodsky Senior Vice President in Washington Workers’ Comp Unit

  30-09-2016 16:52
  
  JLT Re has named John Brodsky a senior vice president in Seattle, Wash. Brodsky will be part of the workers’ compensation unit, and will focus on the expansion and development of JLT Re’s casualty practice. He was previously with Guy …
  
  Read more

• Heavy Rains in North Carolina Bring Floods, Prompt Rescues

  30-09-2016 16:37
  
  Storms that dumped as much as 8 inches of rain prompted rescues from rising waters and the closing schools in two North Carolina counties. Storms inundated areas around Raleigh and to the south overnight Wednesday, knocking out power to some …
  
  Read more

• Insurance to subsidize the Apple Watch? - KLFY

  30-09-2016 16:15 via klfy.com
  
  KLFY
  Insurance to subsidize the Apple Watch?
  KLFY
  If you want an Apple Watch to keep track of your health, Aetna might help you pay for it. CNNMoney (New York) Published: September 30, 2016, 3:40 pm. Click to share on Twitter (Opens in new window) · Click to share on Google+ (Opens in new window) ...
  Get A Discounted Apple Watch From Health Insurance CompaniesKomandoall 31 news articles »
  
  Read more

• Wells Fargo stuck man with pricier flood insurance - Asbury Park Press

  30-09-2016 16:11 via app.com
  
  Asbury Park Press
  Wells Fargo stuck man with pricier flood insurance
  Asbury Park Press
  Long Branch resident Steven Schrenk never asked for more flood insurance. But for some reason, Wells Fargo Home Lending paid a higher flood insurance premium to Selective Insurance, an increase of about $3,700. He found out after Wells Fargo sent him ...
  
  Read more

• Argo Group Names AIG’s Hernandez to Lead International Business

  30-09-2016 15:43
  
  Bermuda-based specialty insurer Argo Group International Holdings announced the appointment of Jose A. Hernandez to lead the company’s international business, which includes all insurance and reinsurance operations outside of the U.S. Hernandez joins Argo from American International Group where he …
  
  Read more

• 'Bundling' insurance can save you hundreds a year - KOMO News

  30-09-2016 15:38 via komonews.com
  KOMO News
  'Bundling' insurance can save you hundreds a year
  KOMO News
  Buy two or more types of coverage from the same company – maybe homeowners and auto insurance or renters and auto insurance – and you'll probably get a multi-policy discount. It's called bundling. "And the idea here is that you're giving one company ...
  
  Read more

• Maryland’s Amended Premium Increase Notice Requirement to Take Effect

  30-09-2016 15:31
  
  The reenacted Maryland Insurance Article set to take effect on Saturday, Oct. 1, is expected to lift the administrative burden and lack of clarity caused by mandatory notification of minor premium increases, according to a press release issued by the …
  
  Read more

• European Union Nations Fast-Track Approval of Paris Climate Agreement

  30-09-2016 15:28
  
  European Union nations agreed to a fast-track ratification by the 28-member bloc of the Paris climate agreement, a step that could enable the most sweeping accord to combat global warming to come into force next month. The European Parliament, whose consent …
  
  Read more

• CNO Financial Ends Ties with Beechwood Re, Sues Over Hedge Fund Exposure

  30-09-2016 15:21
  
  CNO Financial Group Inc. on Thursday said that two of its subsidiaries were terminating agreements with reinsurer Beechwood Re, after regulators in two states said that many assets managed by Beechwood were not compliant with insurance company guidelines because of …
  
  Read more

• AXA, Allianz vie for StanChart's general insurance distribution deal: sour... - Reuters

  30-09-2016 15:17 via reuters.com
  
  Reuters
  AXA, Allianz vie for StanChart's general insurance distribution deal: sour...
  Reuters
  Logo of France's biggest insurer Axa is seen in Paris, France, August 4, 2016. REUTERS/Jacky Naegelen. By Saeed Azhar and Denny Thomas | SINGAPORE/HONG KONG. SINGAPORE/HONG KONG France's AXA (AXAF.PA) and Germany's Allianz SE ...and more »
  
  Read more

• New Jersey Train Service Suspended as Investigators Seek Cause of Crash

  30-09-2016 15:07
  
  Thousands who rely on the Hoboken terminal in New Jersey may face longer than usual commutes and heavy crowds on Friday as investigators try to determine why a commuter train crashed into the station, killing a woman and injuring more …
  
  Read more

• Japanese Creditors Oppose Takata Seeking Bankruptcy Protection

  30-09-2016 15:00
  
  All five bidders seeking to bail out Japan’s beleaguered Takata Corp. have presented restructuring plans that require the air bag maker to file for bankruptcy protection, people with knowledge of the process told Reuters. But some Japanese creditors have opposed …
  
  Read more

• 10 safe and affordable cars for teen drivers

  30-09-2016 15:00
  
  The National Highway Safety Administration used crash protection and rollover safety as key considerations in its ratings.
  
  Read more

• Wal-Mart Employee Sets 3 Fires Inside Massachusetts Store

  30-09-2016 14:50
  
  Police are looking for an employee of a Massachusetts Wal-Mart they say set three fires inside the store, forcing the disposal of all the food on the sales floor. Police say they identified the suspect through security video. She was …
  
  Read more

• European Food Safety Agency to Release Data on Weedkiller Roundup

  30-09-2016 14:44
  
  Europe’s food safety watchdog will release data from some of the scientific studies it reviewed in its assessment of glyphosate, an ingredient in Monsanto’s widely used herbicide Roundup and subject of a fierce row over possible cancer risk. The European …
  
  Read more

• Saudi Arabia Greets 9/11 Lawsuit Bill with Public Silence, Private Bristling

  30-09-2016 14:35
  
  A U.S. law allowing lawsuits against Saudi Arabia over the Sept. 11 attacks met a stony silence from Riyadh on Thursday but some Saudis bristled, saying the kingdom should curb business and security ties in response. The Senate and House …
  
  Read more

• Greenberg: Managers’ Concerns Fueled Auto Warranty Reinsurance Deal

  30-09-2016 14:19
  
  Less than an hour into the third day of testimony in the fraud trial of former American International Group Inc. Chairman Maurice “Hank” Greenberg, the judge took the reins. New York State Supreme Court Justice Charles Ramos interrupted Assistant Attorney General …
  
  Read more

• How to get client referrals without asking

  30-09-2016 13:00
  
  As long as you are providing good advice, if you get to work creating top-of-mind awareness, your real referrals will increase.
  
  Read more

• Is grammar still important?

  30-09-2016 12:00
  
  Considering what one hears on television, grammar must no longer be relevant.
  
  Read more

• Wells Fargo Employees Claim They Were Fired for Reporting Sales Tactics

  30-09-2016 08:00
  
  At least five Wells Fargo employees have sued the bank or filed complaints with regulators alleging that they were fired after reporting the opening of customer accounts without their permission, according to a Reuters review of lawsuits and complaints to …
  
  Read more

• Kittmann Named Director, Strategy, Performance & Administration at AF Group

  30-09-2016 07:23
  
  AF Group, based in Lansing, Michigan, has announced Keri Kittmann as director, Strategy, Performance & Administration. In her new role, Kittmann will guide the strategic planning and implementation efforts for the organization and will support the president of AF Group. …
  
  Read more

• Federal Investigators Conclude West Virginia Chemical Spill Was Preventable

  30-09-2016 07:22
  
  A 2014 chemical spill into the water supply of 300,000 West Virginians could have been avoided if a company inspected its storage tanks and saw two tiny holes forming at the bottom, federal investigators said Wednesday. Almost three years after …
  
  Read more

• Gilleland Joins Brightway, The Lambert Family Agency in Michigan

  30-09-2016 07:17
  
  Brightway, The Lambert Family Agency in Muskegon, Michigan announced it has added Camber Gilleland as its newest agent. Gilleland joins the agency from the healthcare industry, where she worked in administration and finance for 15 years. Brightway Insurance is a …
  
  Read more

• Study Links Obesity to Higher Workers’ Compensation Costs

  30-09-2016 07:00
  
  Obese and overweight workers are more likely to incur high costs related to workers’ compensation claims for major injuries, reports a study in the September Journal of Occupational and Environmental Medicine, official publication of the American College of Occupational and …
  
  Read more

• Hurricane Hermine Declared Major Disaster; Federal Funds Available to Florida

  30-09-2016 06:59
  
  President Barack Obama has officially declared a major disaster for areas in Florida affected by Hurricane Hermine. A news release says Obama signed the disaster declaration Wednesday. The president’s action makes federal funding available to residents and businesses in Citrus, …
  
  Read more

• Mutual Boiler Re Adds Risk Improvement Coverage to Equipment Breakdown Policies

  30-09-2016 06:35
  
  Mutual Boiler Re, a provider of equipment breakdown reinsurance and related services to insurance companies in North America, is now offering risk improvement insurance coverage to its clients and their commercial policyholders as one of the new additional coverages on …
  
  Read more

• Apartment Fire Near South Carolina’s Myrtle Beach Leaves 17 Homeless

  30-09-2016 06:35
  
  Fire officials are trying to determine the cause of a fire that damaged 12 apartments near Myrtle Beach, S.C., leaving 17 people homeless. Media outlets report that the fire broke out late Tuesday afternoon at the complex in the Carolina …
  
  Read more

• ESIS Launches Life Sciences, Real Estate, and Staffing Industry Practices

  30-09-2016 06:22
  
  ESIS, Inc., Chubb’s risk management products division, has launched three new industry practices for life sciences, real estate and hospitality, and staffing firms. According to Keith Higdon, senior vice president, Partnership Services for ESIS, the new Life Sciences, Real Estate …
  
  Read more

• Regulators Say South Carolina Nuclear Fuel Plant Put Workers at ‘Substantial’ Risk

  30-09-2016 05:44
  
  Federal regulators say they’ve found there was a “substantial potential” for an accident that could have injured workers at the Westinghouse nuclear fuel plant near Columbia. Media outlets report the preliminary results of an investigation into a uranium built up …
  
  Read more

• State to Release New Individual Insurance Rates Friday - KSTP.com

  30-09-2016 05:29 via kstp.com
  
  State to Release New Individual Insurance Rates Friday
  KSTP.com
  As a retired teacher, Gail Dahl thought her most stressful years were behind her but come Friday, she'll be reverting back to student-status as she studies her best option for health insurance. "When you're healthy and being covered by a company ...and more »
  
  Read more

• New Orleans' revised flood maps set to slash insurance rates for many homeowners - The Advocate

  30-09-2016 03:06 via theadvocate.com
  
  The Advocate
  New Orleans' revised flood maps set to slash insurance rates for many homeowners
  The Advocate
  Whenever Jeff Adelson posts new content, you'll get an email delivered to your inbox with a link. Email notifications are only sent once a day, and only if there are new matching items. Save. Manage followed notifications. Follow Jeff Adelson. Close ...
  Trades Offer Recommendations for Improving Flood InsuranceABA Banking Journal (blog)
  Flood insurance now cheaper for 60K homeownersWW
  
  Read more

• Granzow Joins Texs-Based RHSB as Vice President

  30-09-2016 01:39
  
  Shellie Granzow has joined the Texas-based independent insurance brokerage firm, RHSB, as vice president of Personal Client Services and Private Client Practice Group. She brings with her an extensive background in personal and commercial property/casualty insurance, as well as work …
  
  Read more

• Insurance Commissioner: Overdose Death Rate High in Louisiana

  30-09-2016 01:33
  
  The Centers for Disease Control and Prevention says Louisiana’s drug overdose death rate exceeds the national average, the Louisiana Department of Insurance reported. In addition, a recent study released by the Workers Compensation Research Institute found that one in six …
  
  Read more

Follow @Insurance_Newsl on Twitter!