Insurance news

• Global Health Insurance Market 2016-2020 - PR Newswire (press release)

  10-10-2016 23:28 via prnewswire.com
  
  Global Health Insurance Market 2016-2020
  PR Newswire (press release)
  Health insurance is a type of insurance where the insurer pays the medical expenses on behalf of the insured. The insurer has to pay a monthly premium to the health insurance company, which can be on a monthly, quarterly, or annual basis. Health ...and more »
  
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• Health insurance premiums to reach record highs in 2017 - The Daily Progress

  10-10-2016 23:27 via dailyprogress.com
  
  Press Herald
  Health insurance premiums to reach record highs in 2017
  The Daily Progress
  PORTLAND, Maine (AP) — Health insurance premiums in Maine are poised to reach unprecedented highs in 2017, and small businesses are expected to be hardest hit as a result. The Maine Bureau of Insurance reported that state-approved increases for ...
  Health insurance costs are surging in MainePress Heraldall 4 news articles »
  
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• Trump, insurance premiums, and reality - Philly.com (blog)

  10-10-2016 23:00 via philly.com
  Philly.com (blog)
  Trump, insurance premiums, and reality
  Philly.com (blog)
  Republican U.S. presidential nominee Donald Trump speaks during his presidential town hall debate against Democratic U.S. presidential nominee Hillary Clinton (not shown) at Washington University in St. Louis, Missouri, U.S., October 9, 2016.and more »
  
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• Heritage Insurance estimates losses under $100 million from Hurricane Matthew claims - MarketWatch

  10-10-2016 22:57 via marketwatch.com
  
  Heritage Insurance estimates losses under $100 million from Hurricane Matthew claims
  MarketWatch
  Heritage Insurance Holdings Inc. HRTG, -3.56% said late Monday it expects losses from Hurricane Matthew claims to be under $100 million, "considerably below" initial estimates and "well within" the Clearwater, Fla.-based property and casualty insurer's ...
  
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• Experts say selling insurance across state lines is not a solution - ModernHealthcare.com

  10-10-2016 22:12 via modernhealthcare.com
  
  Forbes
  Experts say selling insurance across state lines is not a solution
  ModernHealthcare.com
  Republican presidential nominee Donald Trump once again touted the idea of allowing health insurance to be sold across state lines at the second general election debate Sunday, despite multiple analyses that show such a policy could substantially ...
  Sorry, Trump: Selling Health Insurance Across State Lines Wouldn't Lower CostsForbes
  Pa. health insurance rates rising, Clinton and Trump debate Oba
  
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• Insurance claims pour in after hurricane, and some policyholders are realizing a hard truth - Virginian-Pilot

  10-10-2016 22:10 via pilotonline.com
  
  Virginian-Pilot
  Insurance claims pour in after hurricane, and some policyholders are realizing a hard truth
  Virginian-Pilot
  Home on Little Bay Ave. in the Willoughby section of Norfolk Sunday, Oct.9, 2016 surrounded by flood waters. prev. next. Homeowners and auto insurers are dealing with thousands of claims in the aftermath of Hurricane Matthew. And some policyholders are ...
  Six Tips For Filing An Insurance Claim After Hurricane MatthewPR Newswire (press release)
  Hurricane Matthew Insur
  
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• Why Not Buy Insurance For Your Portfolio? - Seeking Alpha

  10-10-2016 22:03 via seekingalpha.com
  
  Why Not Buy Insurance For Your Portfolio?
  Seeking Alpha
  The market is setting up for numerous "Grey Swan" events in the near-term future. Relatively cheap portfolio protection can be achieved in the form of puts on SPY. It is always better to be early than late on a market downturn call. Nassim Nicholas ...
  
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• Reward offered in fatal shooting of man found near insurance office - KSAT San Antonio

  10-10-2016 21:54 via ksat.com
  
  KSAT San Antonio
  Reward offered in fatal shooting of man found near insurance office
  KSAT San Antonio
  SAN ANTONIO - San Antonio Crime Stoppers is offering a reward of up to $5,000 for any information that leads to the arrest of the person or people who fatally shot a man in front of an insurance office on the West Side. SAPD officers responded to a ...and more »
  
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• Matthew insurance claims trickle in - Orlando Sentinel

  10-10-2016 21:34 via orlandosentinel.com
  
  Orlando Sentinel
  Matthew insurance claims trickle in
  Orlando Sentinel
  On October 6 and 7, 2016, Orlando Sentinel reporters and photographers covered Hurricane Matthew's impact on Central Florida with the goal of keeping locals and visitors alike safe and informed with all the current storm information. On October 6 and 7 ...and more »
  
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• Homeowner insurance coverage levels fall in hurricane-prone areas ... - MarketWatch

  10-10-2016 19:58 via marketwatch.com
  
  MarketWatch
  Homeowner insurance coverage levels fall in hurricane-prone areas ...
  MarketWatch
  Riskiest areas see fewer homes insured fall as premiums rise.and more »
  
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• AIG sued for $100 million in bonuses by ex-derivatives staff

  10-10-2016 19:50
  
  Details of the U.K. lawsuit, which was filed in 2014, emerged at a London court hearing Friday.
  
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• NMSU business students reap benefits of insurance group's gift - Las Cruces Sun-News

  10-10-2016 19:39 via lcsun-news.com
  
  Las Cruces Sun-News
  NMSU business students reap benefits of insurance group's gift
  Las Cruces Sun-News
  Students in the Risk Management and Insurance Studies Program in New Mexico State University's College of Business recently attended the annual conference of the Independent Insurance Agents of New Mexico in Albuquerque. The trip is one of several ...
  
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• Rates for Wisconsin plans on health insurance exchange to go up 16 percent - Madison.com

  10-10-2016 18:30 via host.madison.com
  
  Madison.com
  Rates for Wisconsin plans on health insurance exchange to go up 16 percent
  Madison.com
  Premiums will go up an average of 15.9 percent next year for Wisconsin health insurance plans on the Affordable Care Act exchange, according to the state Office of the Commissioner of Insurance. “While increases for Wisconsinites are lower than many ...
  Premiums up 15.9 percent for those with health insurance plans on Affordable Care Act exchangefox6now.comall 7 news articles »
  
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• Samsung said to halt Note 7 output as new phone fires are probed

  10-10-2016 18:00
  
  Customers have said that replacement Note 7s and models with supposedly safe batteries were overheating and catching fire, fueling concerns Samsung hasn’t solved the battery problems after all.
  
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• UnitedHeathcare a player in insurance merger lawsuits - The CT Mirror

  10-10-2016 17:22 via ctmirror.org
  
  UnitedHeathcare a player in insurance merger lawsuits
  The CT Mirror
  Washington – UnitedHealthcare, the nation's largest health insurer and former potential suitor to merge with Cigna, provided the Justice Department with a large amount of sensitive, proprietary and confidential information to help the government ...and more »
  
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• Last Evacuation Orders Finally Lifted at Louisiana Sinkhole Site

  10-10-2016 17:03
  
  More than four years since a massive sinkhole that in 2013 swallowed trees in Assumption Parish and forced more than 300 residents from their homes now no longer poses a risk to the public. Assumption Parish officials declared last week that …
  
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• Ohio Woman Hit by Electric Grocery Cart Awarded $1.2 Million

  10-10-2016 16:57
  
  A woman injured when she was struck by a motorized shopping cart in a suburban Cleveland grocery store has been awarded $1.2 million by a jury. Cleveland.com reported Barbara Rieger was struck in 2012 by a customer who lost control …
  
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• USGS: Two Small Earthquakes Confirmed in Oklahoma

  10-10-2016 16:55
  
  The U.S. Geological Survey has recorded four small earthquakes in northern Oklahoma. No injuries or damage are reported. A magnitude 3.1 quake was recorded at 6:10 a.m. Saturday 16 miles northwest of Fairview, 93 miles northwest of Oklahoma City. A …
  
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• Legalizing Recreational Marijuana Once Again in Front of California Voters

  10-10-2016 16:50
  
  For the second time in six years, California voters will consider legalizing recreational use of marijuana. This time, supporters of the move have much more financial backing and professional campaign help than they did in 2010. And polls show Proposition …
  
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• International Forum of Terrorism Risk Re/Insurance Pools Launched - Insurance Journal

  10-10-2016 16:39 via insurancejournal.com
  
  International Forum of Terrorism Risk Re/Insurance Pools Launched
  Insurance Journal
  Pool Re, the state-backed UK reinsurer that covers terrorism related commercial property losses, announced the launch of the International Forum of Terrorism Risk Re/Insurance Pools (IFTRIP). The formation of IFTRIP is the culmination of a Pool Re led ...and more »
  
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• International Forum of Terrorism Risk Re/Insurance Pools Launched

  10-10-2016 16:39
  
  Pool Re, the state-backed UK reinsurer that covers terrorism related commercial property losses, announced the launch of the International Forum of Terrorism Risk Re/Insurance Pools (IFTRIP). The formation of IFTRIP is the culmination of a Pool Re led initiative, which …
  
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• Value-based insurance design breaks from past universal benefit requirements - Healthcare Finance News

  10-10-2016 16:38 via healthcarefinancenews.com
  
  Healthcare Finance News
  Value-based insurance design breaks from past universal benefit requirements
  Healthcare Finance News
  The new CMS model allows insurers to design specific benefits to enrollees with a combination of chronic conditions. Susan Morse, Associate Editor. As value-based reimbursement forces healthcare providers to revamp their practices, a new Medicare ...and more »
  
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• Judge Skeptical over Airbnb Posture in San Francisco Rental Law Suit

  10-10-2016 16:31
  
  A U.S. judge expressed skepticism toward a bid by Airbnb to halt a San Francisco law that imposes fines on home rental companies for processing bookings by hosts not registered with the city. In its lawsuit against San Francisco, Airbnb …
  
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• London calling: NU P&C crosses the pond

  10-10-2016 16:14
  
  It began, like many great projects do, with a bold, crazy idea: 'What if we went to London?'
  
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• Everest Insurance Adds AIG, Starr Veterans to Wholesale Property Teams in Boston, Tampa

  10-10-2016 16:13
  
  Following last week’s appointment of Christopher S. Curtin as head of Wholesale Property, Everest Insurance has made a number of additions to its wholesale property division. Maria Grace joins Everest as vice president based in the company’s Boston office. Prior …
  
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• AIG Sued by Ex-Derivatives Staff Who Claim Denial of $100M in Bonuses

  10-10-2016 16:12
  
  American International Group Inc. was sued by former staff who say they were denied $100 million in bonuses amid public outrage over derivative trades that crippled the insurer and threatened the stability of global financial markets. Details of the U.K. …
  
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• Liberty Mutual’s Peters Joins Startup Lemonade as Chief Underwriting Officer

  10-10-2016 15:46
  
  Lemonade, the new peer-to-peer insurance company that opened for business last month, has named John Peters as its chief underwriting officer. At Lemonade, Peters will be responsible for insurance product terms and conditions, pricing levels, risk and concentration management, and …
  
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• Medical Malpractice Liability Premiums Remain Flat: Survey

  10-10-2016 14:52
  
  The medical malpractice insurance industry’s premiums remain essentially flat, having dropped only very slightly (0.1 percent) from last year across the industry, according to the 2016 Medical Liability Monitor Annual Rate Survey. For  75 percent of insurers in the survey, …
  
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• Lockton Expands Energy, Marine Risk Management Team in Houston

  10-10-2016 13:45
  
  Lockton has named six executives in Houston to key roles in its expanding Energy and Marine risk management practice. Tim Woodard will serve as senior vice president and director of Energy and Marine. He has been with Lockton for 18 …
  
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• GEICO Expands Ridesharing Product to 10 Additional States

  10-10-2016 13:45
  
  GEICO has just introduced its ridesharing product to 10 more states – Alabama, Idaho, Kansas, Delaware, Maine, Tennessee, Wisconsin, Minnesota, Missouri and North Dakota – in addition to the product being offered in 24 states and the District of Columbia. …
  
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• Delaware Man Receives Life in Prison for Double Homicide

  10-10-2016 13:40
  
  A Wilmington man convicted of the murder-for-hire killings of his business partner and the partner’s wife will spend the rest of his life in prison. Thirty-four-year-old Christopher Rivers received two life sentences plus 50 years Friday in the deaths of …
  
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• New Jersey Based Argo Pro Hires Edsall

  10-10-2016 13:38
  
  Argo Pro, a Jersey City, N.J., based member of specialty insurance and reinsurance underwriter Argo Group International Holdings Ltd., has appointed Richard Edsall to serve as senior vice president of commercial management liability. In this role, Edsall will report to …
  
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• Samsung to Halt Note 7 Production Following Reports of New Battery Fires

  10-10-2016 13:32
  
  Samsung Electronics Co. halted production of its Note 7 smartphones after customers reported problems with new devices, the latest blow in a six-week crisis over exploding phone batteries. Samsung temporarily suspended production of its most expensive phone, a person with …
  
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• Samsung Halts Note 7 Production Following Reports of New Battery Fires

  10-10-2016 13:32
  
  Samsung Electronics Co. halted production of its Note 7 smartphones after customers reported problems with new devices, the latest blow in a six-week crisis over exploding phone batteries. Samsung temporarily suspended production of its most expensive phone, a person with …
  
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• Maine Building Where 6 Died Was Unsafe, Prosecutor Says

  10-10-2016 13:25
  
  A building where six people died in one of the deadliest fires in Maine in decades was unsafely operated as an illegal rooming house, a prosecutor said in a closing statement in the trial of the building’s landlord. Closing arguments …
  
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• Chicago Insurance Agent Joins National Board of InVEST

  10-10-2016 13:20
  
  Insurance industry classroom-to-career education program, InVEST, has added Charles Hilson to its national board as an agent member. Hilson is president of the Talent Pipeline Division of Risk Management Solutions of America Inc. (RMSOA) in Chicago. Hilson joined the RMSOA …
  
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• Researchers Say Rise in Foreclosures Tracks with Spike in Oklahoma Earthquakes

  10-10-2016 13:15
  
  Contrary to the trend in most of the nation, home foreclosure rates in Oklahoma have risen over the past two years, and some researchers say increased earthquake activity in the state may be a factor. California-based housing data provider, ATTOM …
  
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• Contractor Lacked Safety Permit Before Pennsylvania Bridge Fire

  10-10-2016 13:09
  
  A contractor didn’t obtain a key safety permit before welding caused plastic pipe and a construction tarp to burn on the Liberty Bridge last month, resulting in a 24-day shutdown of a primary artery into downtown Pittsburgh, the city’s fire …
  
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• When prospects go silent, here's how to get a response

  10-10-2016 13:00
  
  Get prospects to re-engage using these ideas.
  
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• After a hurricane strikes

  10-10-2016 13:00
  
  Hopefully you don't get hit this hurricane season, but should the worst happen these tips can help you make a commercial real estate claim that is processed quickly.
  
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• Pennsylvania Adopts New Fracking Regulations

  10-10-2016 12:52
  
  New regulations governing the extraction of natural gas through fracking went into effect on Saturday in Pennsylvania, the first overhaul since the industry took off in the state more than 10 years ago. The new rules allow the state’s department …
  
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• China to Encourage More Investments in Portugal (Including Insurance)

  10-10-2016 12:47
  
  China will encourage more of its companies to invest in Portugal in areas such as finance, insurance, health care and infrastructure, President Xi Jinping has told the visiting Portuguese Prime Minister Antonio Costa. Both countries need to deepen cooperation in investment …
  
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• It is Fire Prevention Week. Here are 6 things you need to know

  10-10-2016 12:30
  
  Protecting your family and property takes more than just changing the batteries in your smoke detector.
  
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• Markel International Appoints O’Shea as Head of Reinsurance Claims

  10-10-2016 12:24
  
  Markel International, the London-based specialist insurer, has appointed Chris O’Shea as head of reinsurance claims. O’Shea will oversee a portfolio of claims including those from the reinsurance teams based in London, Singapore and Latin America, as well as a portfolio …
  
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• Esurance Doubles-Down on Election Coverage Prank with Sweepstakes

  10-10-2016 08:00
  
  Online insurance seller Esurance, which offered fake Election Insurance in an April Fools’ Day prank that it says created a “furor of demand” from Americans this election year, has created a sweepstakes for people who want to “explore their future …
  
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• Nebraska County Appeals $28.1M Judgment Won by Exonerated Inmates

  10-10-2016 07:48
  
  Gage County, Nebraska, is appealing a $28.1 million civil judgment it faces in a lawsuit filed by six people who were wrongly convicted of the 1985 rape and homicide of a Beatrice woman. The Lincoln Journal Star reports that the …
  
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• Ohio Home, Auto Insurance Rates Up Slightly but Still Among Nation’s Lowest

  10-10-2016 07:03
  
  The Ohio Department of Insurance (ODI) reports that average premiums for auto and home insurance in the state rose in 2015 but not by much. The average rate changes in 2015 for Ohio’s top 10 homeowners and private passenger auto …
  
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• Startup P2P Insurer Lemonade Reveals How First 48 Hours of Business Went

  10-10-2016 07:00
  
  Lemonade, the peer-to-peer insurtech startup that launched only a few weeks ago on Sept. 21 selling renters and homeowners insurance in New York, sold 142 policies and generated $14,300 in gross written premium in its first 48 hours. In an …
  
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• Citizens Warns Florida Policyholders of AOB Scams in Wake of Hurricane Matthew

  10-10-2016 06:18
  
  Citizens Property Insurance Corp. is urging its policyholders to call Citizens first to report losses following Hurricane Matthew in order to protect themselves from assignment of benefit (AOB) scams, according to a statement from the company. “Citizens is ready to …
  
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• Deadly Hurricane Matthew in pictures

  10-10-2016 06:01
  
  Hurricane Matthew battered the coast of the southeastern U.S., leaving behind a trail of coastal destruction, wind damage and freshwater flooding that has claimed at least 19 lives.
  
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