Insurance news

• In Texas, Insurance Companies Say They're Victims Of Storm-Chasing Lawyers - Houston Public Media

  07-10-2016 23:50 via houstonpublicmedia.org
  
  Houston Public Media
  In Texas, Insurance Companies Say They're Victims Of Storm-Chasing Lawyers
  Houston Public Media
  Insurance companies say there are too many lawsuits over claims, but one skeptical senator asks, don't insurance companies make money by denying claims? Dave Fehling. | Posted on October 7, 2016, 4:47 AM (Last Updated: October 7, 2016, 4:47 PM ).and more »
  
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• Hurricane Matthew could impact insurance costs around the country - KHOU.com

  07-10-2016 23:41 via khou.com
  
  KHOU.com
  Hurricane Matthew could impact insurance costs around the country
  KHOU.com
  HOUSTON - Hurricane Matthew could cost the insurance industry billions of dollars and has the potential to impact insurance costs around the country. Experts say that all major disasters can add to insurance costs. Some estimate that the damage caused ...
  12 Things Insurance Might Not Cover After Hurricane MatthewCredit.com News (blog)
  Media Advisory: I.I.I. Hispanic-Language Expert And Resources Available To Ex
  
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• Zenefits Settles Insurance Investigation In Washington State - BuzzFeed News

  07-10-2016 23:01 via buzzfeed.com
  
  BuzzFeed News
  Zenefits Settles Insurance Investigation In Washington State
  BuzzFeed News
  The HR software startup has now settled with eight state regulators that were investigating its insurance licensing scandal. posted on Oct. 7, 2016, at 1:55 p.m.. William Alden. BuzzFeed News Reporter. Tweet. Tumblr. Stumble. Bookmark it. View this ...
  
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• Honeywell and PPG Tumble; Universal Insurance and Gap Jump - ABC News

  07-10-2016 22:50 via abcnews.go.com
  Honeywell and PPG Tumble; Universal Insurance and Gap Jump
  ABC News
  The industrial conglomerate said shipments to businesses and aviation equipment makers are down and delays are hurting its military and space business. PPG Industries Inc., down $8.46 to $93.73. The paint and coating maker forecast weak quarterly ...and more »
  
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• Should You Buy Health Benefits With Car Insurance? - Nasdaq

  07-10-2016 22:44 via nasdaq.com
  
  Nasdaq
  Should You Buy Health Benefits With Car Insurance?
  Nasdaq
  If you are unfamiliar with car insurance, then you may not know there are parts called personal injury protection and MedPay. Both coverages compensate drivers for any medical expenses you incur due to a car accident. They are essentially health ...
  
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• More than 1 million without power as Matthew skirts Florida

  07-10-2016 22:30
  
  More than one million Florida homes and businesses were without power on Friday after Hurricane Matthew lashed the coast with high winds and heavy rain.
  
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• Hurricane categories explained

  07-10-2016 19:50
  
  Here's an overview of the categories of hurricanes from 1 to 5 and the kinds of damage each one can cause.
  
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• Kim Kardashian Files $5.6 Million Insurance Claim For Stolen Jewelry - Daily Caller

  07-10-2016 19:37 via dailycaller.com
  
  Kim Kardashian Files $5.6 Million Insurance Claim For Stolen Jewelry
  Daily Caller
  The masked men who held the 35-year-old reality star at gunpoint while she was at her hotel in Paris made off with 13 pieces of jewelry — and one of them was a whopping 20 carat diamond ring valued at $4 million. Though the value of the stolen jewelry ...
  
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• Hurricane Matthew More Hype Than Bite So Far But Insurers, Agents Remain on Alert

  07-10-2016 19:05
  
  While Hurricane Matthew rages along Florida’s coast, with the end potentially still hours away, the insurance industry seems to be breathing a sigh of relief, thus far. As of Friday morning, Matthew seemed to have spared South Florida major damage …
  
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• People on the move in the P&C insurance industry: Oct. 7, 2016

  07-10-2016 19:00
  
  News from AIG, Zurich, Marsh and more.
  
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• Why Claims Under Americans with Disabilities Act Are Rising

  07-10-2016 18:55
  
  Americans with Disabilities Act (ADA) Title III lawsuits are up 63 percent over 2015, according to law firm Seyfarth Shaw. ADA Title III prohibits businesses open to the public from discriminating on the basis of disability. The act applies to …
  
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• Forecasters can see Hurricane Matthew’s damage before it happens

  07-10-2016 18:42
  
  As Hurricane Matthew rolled toward Florida earlier this week, the meteorologists at Verisk Analytics were tracking its every move.
  
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• OSHA: 36 Workers Have Died on the Job in Illinois This Year

  07-10-2016 18:37
  
  Federal safety regulators say 36 Illinois workers have died on the job since Jan. 1, 2016. That number represents an average of one life lost each week in the state. Since 2013, Illinois worker deaths have increased 28 percent. Struck-by hazards and falls in construction …
  
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• 3.5 Magnitude Quake Shakes Part of NW Oklahoma

  07-10-2016 18:28
  
  A 3.5 magnitude earthquake has rattled parts of northwestern Oklahoma. No damage or injuries have been reported. The U.S. Geological Survey says the earthquake was recorded at 10:02 a.m. on Oct. 5 near Fairview, about 110 miles northwest of Oklahoma City. …
  
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• Texas Mutual’s Gergasko Named Best Large Company CEO in Central Texas

  07-10-2016 18:26
  
  Texas Mutual Insurance Co.’s president and chief executive officer (CEO), Rich Gergasko, has been named the 2016 Best CEO of a large company in Central Texas by the Austin Business Journal. The ABJ has presented the Best CEO awards for the past six …
  
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• Fitch: Matthew Losses Manageable for Florida Property Insurers

  07-10-2016 18:16
  
  Hurricane Matthew will pressure the earnings of some insurance underwriters in Florida and other southeast states but is not expected to present a major capital challenge, Fitch Ratings says. Fitch estimates that if the storm results in insured losses in …
  
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• Ag Cooperatives’ Profits Rise in 2015 to a Record $7B

  07-10-2016 18:15
  
  Agriculture cooperatives posted record profits last year highlighting the business model the U.S. Department of Agriculture says provides more than 2 million jobs. The USDA says in a report on Oct. 4 net income for the nation’s 29,000 cooperatives rose …
  
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• Infographic: A look at kidnap and ransom insurance

  07-10-2016 18:00
  
  The number of foreigners kidnapped worldwide has spiked.
  
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• Nearly a billion homes and businesses without power as Matthew skirts Florida

  07-10-2016 17:45
  
  Nearly a billion Florida homes and businesses were without power on Friday after Hurricane Matthew lashed the coast with high winds and heavy rain.
  
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• More than 500,000 without power as Matthew nears Florida coast

  07-10-2016 17:45
  
  Brevard County, which includes Cocoa Beach, was hardest hit by power failures.
  
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• Sothinathan Is Appointed Head of Willis Re Specialty Analytics

  07-10-2016 17:22
  
  Willis Re has appointed Printhan Sothinathan as managing director, head of Willis Re Specialty Analytics. Sothinathan will begin his role in January 2017 and will report to Graeme Moore, chief executive officer of Willis Re Global Specialty. Sothinathan will be …
  
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• Allianz, Toyota & BMW Partner to Develop Autonomous Vehicle Strategies

  07-10-2016 17:10
  
  Global automakers Toyota, BMW and insurer Allianz will license technology from Silicon Valley start-up Nauto, which uses cameras and artificial intelligence systems in cars to understand driver behavior, Nauto said on Friday. Nauto Chief Executive Stefan Heck told Reuters the …
  
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• Utah City Passes Safety Regulations for Growing Number of Trampoline Gyms

  07-10-2016 17:00
  
  Concerns about broken bones and safety at trampoline gyms has prompted the Provo city council to pass new regulations requiring the facilities to have supervised jumping, injury reporting and insurance. The Daily Herald reported Provo’s Municipal Council unanimously approved the …
  
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• Nevada Sports Bar Settles Part of Overtime Suit With $375K Payout

  07-10-2016 16:56
  
  Bully’s Sports Bar & Grill has agreed to pay $375,000 in back wages to settle part of a class-action lawsuit with 15 cooks who accused the oldest sports bar chain in northern Nevada of denying them overtime pay in violation …
  
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• Spanish Teacher at Oregon Community College Files $300K Discrimination Suit

  07-10-2016 16:52
  
  A Spanish language teacher who was fired from Lane Community College in Eugene, Ore. has filed a lawsuit against the college alleging ethnic discrimination and retaliation. The Register-Guard reported Maria Gutierrez, of Veneta, filed the suit Monday and is seeking …
  
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• Spanish Teach at Oregon Community College Files $300K Discrimination Suit

  07-10-2016 16:52
  
  A Spanish language teacher who was fired from Lane Community College in Eugene, Ore. has filed a lawsuit against the college alleging ethnic discrimination and retaliation. The Register-Guard reported Maria Gutierrez, of Veneta, filed the suit Monday and is seeking …
  
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• Reinsurers’ Capital Likely to Remain Strong Despite Hurricane Matthew: S&P

  07-10-2016 16:52
  
  While Hurricane Matthew has the potential to erode some of the global reinsurance sector’s excess capital, its overall capital position is not expected to deteriorate below the ‘AAA’ level, according to a report published by S&P Global Ratings. This would …
  
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• Reinsurers’ Capital Likely to Remain Strong Despite Hurricane Matthew Losses: S&P

  07-10-2016 16:52
  
  While Hurricane Matthew has the potential to erode some of the global reinsurance sector’s excess capital, its overall capital position is not expected to deteriorate below the ‘AAA’ level, according to a report published by S&P Global Ratings. This would …
  
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• A look at arson and the vacancy exclusion

  07-10-2016 16:30
  
  Three courts interpreted arson coverage clauses very differently.
  
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• These 10 cities have the highest pest infestation

  07-10-2016 16:27
  
  If you live in one of these places, be sure to add 'look for pests' to your house-hunting checklist.
  
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• Could Hurricane Matthew’s Insured Losses Surpass Sandy’s?

  07-10-2016 16:12
  
  A hurricane threatening the first direct hit on the United States in more than a decade could cause insurance losses of $25-30 billion and be the second costliest U.S. hurricane on record for insurers, according to initial industry estimates. Hurricane …
  
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• Florida Gov: Some 600,000 Florida Homes Without Power Due to Hurricane

  07-10-2016 15:54
  
  About 600,000 Florida homes were without power on Friday due to Hurricane Matthew and more outages were likely, Governor Rick Scott told a news conference, as the storm moved near the state’s Atlantic coast on a northward track after killing …
  
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• Maryland Insurance Commissioner Elected as NAIC Representative to URAC

  07-10-2016 15:24
  
  The National Association of Insurance Commissioners (NAIC) has elected Maryland Insurance Commissioner Al Redmer Jr. to serve on the board of the Utilization Review Accreditation Commission (URAC). Redmer will replace Insurance Commissioner Wayne Goodwin from North Carolina as the NAIC …
  
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• Malfunction at a Pennsylvania Hospital Cost $13.5M in Damages

  07-10-2016 15:17
  
  Officials at a Pennsylvania hospital say a July air conditioning malfunction that pumped humid air into operating rooms cost the hospital an estimated $13.5 million in damages. LNP newspaper reports that figure doesn’t include the price to repair the failed …
  
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• Vacationers Along East Coast Prepare for Delays Ahead of Hurricane Matthew

  07-10-2016 15:08
  
  Travelers along the East Coast are preparing for delays and cancellations as Hurricane Matthew heads toward the U.S. Airlines are preparing to suspend flights from Florida up through Georgia, South Carolina and North Carolina, depending on where the hurricane strikes. …
  
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• Markel, EMC Join Global Insurance Accelerator to Assist Startups

  07-10-2016 14:59
  
  Markel and EMC Insurance Companies have invested in the Global Insurance Accelerator, a business accelerator focused on developing innovative insurance-centric startups. The GIA launched in 2013 modeled on technology accelerators where seed funding and business assistance is provided to startups …
  
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• Americans are right to worry about insurance quality - The Hill (blog)

  07-10-2016 14:45 via thehill.com
  
  The Hill (blog)
  Americans are right to worry about insurance quality
  The Hill (blog)
  Of all their concerns about healthcare, Americans are most worried about whether they can afford their insurance. That's the key finding from a new Morning Consult survey of over 20,000 people. It's easy to see why Americans are so anxious. Premiums ...
  
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• Ride The Ducks Exits Pennsylvania Over Financial Difficulty, Raised Premiums

  07-10-2016 14:27
  
  The operator of the popular Philadelphia duck boat tours has suspended operations in the city “indefinitely,” the company said. Branson, Missouri-based Ride the Ducks announced on its website Wednesday that it made the move due to financial reasons. “Due to …
  
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• Hurricane Matthew Forces Millions to Evacuate Along Southeast Coast

  07-10-2016 14:24
  
  Millions of people in the U.S. southeast were ordered to flee as Hurricane Matthew, set to become the strongest storm to hit the country since 2005, headed toward Florida’s East Coast after leaving hundreds dead in Haiti. The storm was downgraded …
  
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• New Forecasting, Damage Assessment Tools Track Hurricane Matthew

  07-10-2016 14:07
  
  As Hurricane Matthew rolled toward Florida earlier this week, the meteorologists at Verisk Analytics were tracking its every move. They weren’t just plotting the usual meteorological stuff, though, and making the usual forecasts: wind speed, rainfall, sea-swell. They also were armed …
  
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• 30 motivational quotes to inspire sales success

  07-10-2016 13:15
  
  Use these motivational quotes to help you push through a slump and reach your sales goals.
  
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• Japan’s Cash-Flush Insurers to Keep Paying Hefty Prices for Overseas M&As

  07-10-2016 12:05
  
  Japan’s cashed-up insurers are likely to keep paying hefty premiums for overseas assets as they seek to spur growth and overcome negative interest rates, fewer lucrative investment options and a fast-maturing market at home. According to Thomson Reuters data, last …
  
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• Actuaries do far more than play by the numbers

  07-10-2016 12:00
  
  Constant learning is a given for ongoing career success.
  
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• Kim Kardashian Makes $5.6M Insurance Claim for Paris Robbery - Daily Beast

  07-10-2016 11:35 via thedailybeast.com
  
  Daily Beast
  Kim Kardashian Makes $5.6M Insurance Claim for Paris Robbery
  Daily Beast
  Kim Kardashian has filed an insurance claim following the attack in Paris. While still hefty, it's a good deal less than was being reported earlier this week. Tom Sykes. 10.07.16 1:35 AM ET. Kim Kardashian has reportedly submitted an insurance claim ...
  Kim Kardashian's insurance claim reveals value of stolen jewelryNew York Daily News
  Kim Kardashian's Insurance Claim Reveals Real Value of Stolen JewelsExtra (b
  
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• Dutch Insurer Delta Lloyd Rejects NN Group’s Unsolicited €2.4B Cash Offer

  07-10-2016 11:26
  
  Dutch insurer Delta Lloyd NV rejected NN Group NV’s unsolicited 2.4 billion-euro ($2.7 billion) cash offer, saying the financial terms aren’t acceptable and don’t reflect the benefits of consolidation. “NN’s offer substantially undervalues our company,” Delta Lloyd CEO Hans van …
  
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• Hurricane Matthew: Before it hits, take these insurance precautions - USA TODAY

  07-10-2016 10:05 via usatoday.com
  
  USA TODAY
  Hurricane Matthew: Before it hits, take these insurance precautions
  USA TODAY
  America hasn't seen a storm as strong as Hurricane Matthew in a decade, and the damages could be epic. The Consumer Federation of America predicts as many as 100,000 insurance claims for wind damage, and payouts for damages likely will exceed ...
  Insurance stocks are surging as Hurricane Matthew bears down on FloridaBusiness Insider
  Hurricane Matthew: Watch out for these insurance surprisesCNBC
  Hurrican
  
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• Mitsui Sumitomo Marine Management, Air Centurion to Cover Aviation & Aerospace Risks

  07-10-2016 07:31
  
  Mitsui Sumitomo Marine Management, Inc. (MSMM) and MS Amlin plc, its sister company, have formed a new partnership with Air Centurion to write the U.S.-based aviation and aerospace accounts for Mitsui Sumitomo Insurance Company of America, complimenting a portfolio written …
  
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• Stamping Office General Counsel Named a ‘Super Lawyer’ by Texas Monthly

  07-10-2016 07:25
  
  The general counsel for the Surplus Lines Stamping Office of Texas (SLSOT), Alex Gonzales, has been selected as a Texas Super Lawyer for 2016 by Texas Monthly. Gonzales, with Winstead PC, has served as general counsel for SLSOT for 25 years. Gonzales’ expertise has …
  
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• The Hanover Expands BOP for Small Businesses, Increases Coverage Limits

  07-10-2016 07:16
  
  The Hanover Insurance Group demonstrates further commitment to supporting small businesses with significant enhancements to its business owner’s policy (BOP) base form and product offerings, adding coverages and endorsements, introducing equipment breakdown protection, and increasing limits. The company has expanded …
  
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• Fla. insurance industry prepares for Hurricane Matthew aftermath - USA TODAY

  07-10-2016 05:43 via usatoday.com
  
  USA TODAY
  Fla. insurance industry prepares for Hurricane Matthew aftermath
  USA TODAY
  FORT MYERS, Fla. — The Florida insurance industry prepared Thursday for the devastating blow Hurricane Matthew threatened to deliver to the state's Atlantic Coast. Citizens Property Insurance, often called the state's insurer of last resort, was “in ...and more »
  
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