Insurance news

• Workers’ Comp Rates in Idaho to Decrease for 2017

  11-10-2016 22:55
  
  The Idaho Department of Insurance has received a proposal from the National Council on Compensation Insurance for an overall rate drop of 1.2 percent percent in workers’ compensation insurance to become effective Jan. 1, 2017. NCCI collects information about the …
  
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• Insurance claims from Hurricane Matthew inundating agents

  11-10-2016 22:29
  
  Agent in Florida reports more claims in a couple of days than seen in a typical year.
  
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• Profiling insurance pros under 40: Alyssa Bouchard

  11-10-2016 19:00
  
  What about insurance excites the assistant executive director for AAMGA?
  
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• LCTA Workers’ Comp Expands to Mississippi and Arkansas

  11-10-2016 19:00
  
  LCTA Workers’ Comp announced that it will be expanding its geographic reach to include Mississippi and Arkansas. LCTA at the start of the month began writing lines of workers’ comp coverage to small-to-mid-sized businesses in Mississippi. The company said it …
  
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• Mold Shuts Down Kentucky State University Dorm

  11-10-2016 18:59
  
  Kentucky State University is temporarily closing a residence hall after mold was found. The Frankfort school says in a news release that university officials were told last week that mold had been discovered in some rooms at Chandler Residence Hall. …
  
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• North Carolina Prepares for More Flooding in Wake of Matthew

  11-10-2016 18:50
  
    Hurricane Matthew is gone, but the disaster it unleashed will slowly unfold this week as rivers across eastern North Carolina rise to levels unseen since a similar deluge flooded thousands of homes and businesses during Hurricane Floyd in 1999. …
  
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• Homeowners in path of Hurricane Matthew are less likely to be insured

  11-10-2016 18:38
  
  As residents of Florida, Georgia, the Carolinas and Virginia deal with the aftermath of Hurricane Matthew, many may be facing uninsured losses.
  
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• Commercial Lines Tech Startup Embroker Now Open for Business

  11-10-2016 18:05
  
  Technology-inspired startup insurance broker Embroker, which bills itself as the first modern business insurance platform, has officially launched. Embroker is a commercial lines platform that empowers — hence the name, Embroker — businesses of all sizes to manage, buy, analyze, …
  
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• Self-driving cars will be the best thing to happen to motorcycles

  11-10-2016 18:02
  
  When robots are at the wheel, far fewer bikers will die on the road, according to Karl Viktor Schaller, head of development at BMW Motorrad.
  
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• Louisiana to Get $437M in Flood Recovery Assistance Allocated by Congress

  11-10-2016 17:41
  
  Sen. Bill Cassidy says Louisiana will get $437 million of the $500 million in flood recovery assistance allocated by Congress. Congress approved the $500 million in flood recovery assistance as part of a hybrid spending measure passed in September. But …
  
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• Michigan Officials Seeking Food Safety Education And Training Grant Proposals

  11-10-2016 17:33
  
  Michigan agriculture officials are seeking proposals for food safety education and training grants. The Michigan Department of Agriculture & Rural Development says grants from the Food Safety Education Fund are competitive. The grants are designed to provide training and education to …
  
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• Record Construction Pace in South Dakota’s Sioux Falls Not Easing

  11-10-2016 17:31
  
  The record pace of construction in Sioux Falls isn’t letting up. The Argus Leader reported that the city has permitted $573.4 million in construction through September, up from $546 million over the same period last year. The city has permitted …
  
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• Record Construction Pace in North Dakota’s Sioux Falls Not Easing

  11-10-2016 17:31
  
  The record pace of construction in Sioux Falls isn’t letting up. The Argus Leader reported that the city has permitted $573.4 million in construction through September, up from $546 million over the same period last year. The city has permitted …
  
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• New Scrutiny for Oklahoma Workers’ Comp System

  11-10-2016 17:29
  
  Three years after passage of sweeping legislation that revamped Oklahoma’s workers’ compensation system, courts are scrapping significant parts of the law in decisions that say the regulations violate the state constitution and do not provide adequate protection to workers. The …
  
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• $50M Proposed Settlement Reached in Washington Landslide Lawsuit

  11-10-2016 17:20
  
  The attorneys representing the plaintiffs in a lawsuit against the state of Washington over a deadly 2014 landslide have announced a proposed $50 million settlement on the eve of a trial. The Seattle Times reported the tentative pact was reached …
  
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• Islamic Woman Fired from Oregon Nonprofit Sues for $1M

  11-10-2016 17:17
  
  A woman of Islamic faith has filed a $1 million lawsuit against a Portland nonprofit, alleging she was fired because of her religion, national origin and disability of asthma. The lawsuit filed last week by Sharmin Rahman contends she was …
  
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• Metlife Plans to Expand Its European Hub in Dublin: Source

  11-10-2016 17:07
  
  MetLife Inc., the U.S. insurer, is close to finalizing a decision to expand its operations in Ireland, according to a person familiar with the matter. New York-based MetLife may announce its plan to grow its Irish presence within the next …
  
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• EPIC Adds Newton to Auto Dealer Specialty Program in California

  11-10-2016 17:06
  
  EPIC Insurance Brokers and Consultants has named Gerrad Newton a producer within its auto dealer specialty program team in Sacramento, Calif. Newton will be focused on workers’ compensation and garage liability for auto and motorcycle dealers across California. He will …
  
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• Heffernan in California Names Taylor Assistant Vice President

  11-10-2016 16:57
  
  Walnut Creek, Calif.-based Heffernan Insurance Brokers has named James Taylor assistant vice president in Heffernan’s benefits advisory services department. Taylor joined Heffernan in 2014 as an account executive after having worked at Liberty Mutual Insurance and ADP. Heffernan has offices …
  
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• New Jersey Based Hamilton USA Hires Garceau as Chief Operating Officer

  11-10-2016 16:55
  
  Hamilton USA, the Princeton, N.J., based U.S. insurance arm of Hamilton Insurance Group, a Bermuda-based holding company for property and casualty insurance and reinsurance operations in Bermuda, the U.S. and at Lloyd’s, has appointed Michael Garceau to chief operating officer. …
  
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• International Shipping Lanes Could Be at Risk from Escalating Yemen Conflict

  11-10-2016 16:49
  
  Missile attacks from Yemen on Western military craft risk spilling over into nearby busy sea lanes which could disrupt oil supplies and also other vital goods passing through the tense area, shipping and insurance sources say. While shipping companies have yet to …
  
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• Catalina Completes Acquisition of Allianz Unit, AGF Insurance, in UK 

  11-10-2016 16:33
  
  Catalina Holdings (Bermuda) Ltd.* announced that its wholly owned subsidiary, Catalina Holdings UK Ltd., has completed its acquisition of AGF Insurance Ltd. from a subsidiary of Allianz SE, following approval from the Prudential Regulation Authority, the UK insurance regulator.  AGF …
  
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• Immigration Rhetoric Threatens UK’s Status as Financial Center: Lloyd’s Chairman

  11-10-2016 16:05
  
  Lloyd’s of London Chairman John Nelson said the government’s rhetoric on immigration threatens to hurt the U.K.’s status as a global center for finance. “We need to make sure we keep the U.K. very open in terms of inward investment, …
  
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• Olsen Tapped as President, HUB Canada; Robertson as Exec VP, Int’l Business

  11-10-2016 15:36
  
  Hub International Ltd. (HUB), the Chicago-based global insurance brokerage, has named Tina Osen as president of HUB Canada. She currently is president of HUB TOS in British Columbia, Canada. In addition, Chad Robertson, currently regional president, Canada West, has been named executive …
  
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• Wind and Rain from Hurricane Matthew Block Roads, Cut Power in Virginia

  11-10-2016 15:08
  
  High water and downed trees are blocking roads and tens of thousands of people are without power as southeastern Virginia cleans up after Hurricane Matthew’s heavy rain and winds. Dominion Virginia Power says more than 100,000 customers in Virginia are …
  
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• Fire Damages Nearly a Dozen Homes at Pennsylvania Apartment Complex

  11-10-2016 15:01
  
  Fire officials say flames swept through an eastern Pennsylvania apartment complex, causing extensive damage to a unit of about a dozen homes. More than a dozen firetrucks and ambulances responded to the blaze at the Parkland View Apartments in Upper …
  
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• Can an insurer recover before the policyholder is paid?

  11-10-2016 15:00
  
  The majority view is that a policyholder is entitled to be 'made whole' before an insurer may recover from third-parties in subrogation.
  
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• Dentons Hires Sarchio to Insurance Regulatory Practice in New York and Florida

  11-10-2016 14:53
  
  Global law firm Dentons has named John J. Sarchio as a partner in its insurance regulatory practice. In this role, he will advise clients on insurance industry mergers, acquisitions and financings, reinsurance transactions, self-insurance and captive programs and insurance regulatory consulting …
  
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• Insurance Agent, Industry Leader Bolton Remembered as Friend and Mentor

  11-10-2016 14:30
  
  William Bolton, head of a large national brokerage, leader of an influential regional brokers group and chairman of Assurex Globa during his nearly half-a-century in insurance, is being remembered by those close to him as a friend and mentor. Bolton …
  
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• How Self-Driving Cars Will Make Motorcycles Safer

  11-10-2016 14:11
  
  Self-driving technology promises to pretty much transform the auto industry as we know it. It may also change the business of selling motorcycles—but in a very different way. It all comes down to safety, according to Karl Viktor Schaller, head of development at BMW Motorrad. …
  
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• The future of insurance: A look at the risk landscape of 2025

  11-10-2016 13:15
  
  Understanding the risks produces better outcomes.
  
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• 10 reasons to have a business card

  11-10-2016 13:00
  
  In the world of digital information exchange, good old-fashioned business cards still breed business.
  
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• It's Fire Prevention Week. Here are 6 things you need to know

  11-10-2016 12:30
  
  Protecting your family and property takes more than just changing the batteries in your smoke detector.
  
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• Update: Samsung Ends Production of Galaxy Note 7 After New Battery Fires

  11-10-2016 11:50
  
  Samsung Electronics Co. is ending production of its problematic Galaxy Note 7 smartphones, taking the drastic step of killing off a smartphone that became a major headache for the South Korean electronics maker. After halting sales of the new versions …
  
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• Samsung Weighs Permanent Halt to Sales of Galaxy Note 7 on Battery Fires

  11-10-2016 11:50
  
  Samsung Electronics Co. Ltd. halted sales of its Galaxy Note 7 smartphones on Tuesday and told owners to stop using them while it investigates reports of fires, fueling expectations the tech giant will scrap the flagship device. Samsung is now …
  
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• Marsh Names IBM’s Drab as CEO of Technology Provider Dovetail Insurance

  11-10-2016 10:00
  
  Insurance broker Marsh reported that Rich Drab has joined the firm as chief executive officer of Dovetail Insurance, a provider of insurance technology services for the U.S. small commercial market. In this role, Drab will focus on growing Dovetail’s business …
  
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• Giordano Joins Florida-Based DUAL North America as Non-Executive Director

  11-10-2016 08:17
  
  DUAL North America has announced that Jim Giordano will join the company as a non-executive director. The company said in this role Giordano will contribute to the DUAL Board in areas relating to corporate strategy, underwriting and financial performance as …
  
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• It’s Official: Florida Workers’ Comp Rates Going Up Nearly 15%

  11-10-2016 08:07
  
  The Florida Office of Insurance Regulation (OIR) has issued a final order granting approval to the National Council on Compensation Insurance (NCCI) for an overall combined statewide average rate increase of 14.5 percent. This rate increase applies to both new …
  
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• Supreme Court Will Hear Apple-Samsung Patent Damages Dispute

  11-10-2016 08:00
  
  After five years of litigation, the U.S. Supreme Court will hear arguments on Tuesday in the bitter patent dispute between the world’s two top smartphone manufacturers over the amount Samsung should pay Apple for copying the iPhone’s distinctive look. The …
  
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• Lawsuit Alleges Yahoo Discriminated Against Men in Employment

  11-10-2016 08:00
  
  A Yahoo Inc. media executive fired from the internet company last year has filed a lawsuit claiming a job review process implemented by Chief Executive Marissa Mayer was used to cut men from executive ranks and lay them off illegally, …
  
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• Sansone Promoted to Assistant Underwriter at J.M. Wilson

  11-10-2016 07:26
  
  Managing general agency and surplus lines broker J.M. Wilson has promoted Lynn Sansone to assistant property/casualty underwriter in Madison, Wisconsin. Sansone will focus on binding property/casualty business for commercial accounts. Her primary responsibilities include providing customer service and handling inquiries …
  
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• Clinton Was Urged to Back Reinstating Glass-Steagall Wall: Wikileaks

  11-10-2016 07:00
  
  A longtime political adviser to Hillary Clinton last year urged her presidential campaign to support a new version of a law that separated commercial and investment banking to avoid antagonizing the Democratic Party’s progressive wing, according to emails published by …
  
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• One in three people say their insurance has gotten worse - Washington Examiner (blog)

  11-10-2016 06:21 via washingtonexaminer.com
  
  PR Newswire (press release)
  One in three people say their insurance has gotten worse
  Washington Examiner (blog)
  Twice as many voters say their health plans have gotten worse than say they have improved, according to a Morning Consult poll released Tuesday. Thirty percent of respondents said their health insurance coverage has become worse in the past year, while ...
  One in Four Americans, Fearing Insurance Gaps, Reported Medical Conditions Got Worse After They Delayed ...PR Newswire (press
  
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• FM Global Enhances Cyber Coverage With Cyber-Related Loss Endorsement

  11-10-2016 06:19
  
  FM Global, a global commercial property insurer, has launched a new endorsement to its all-risk FM Global Advantage policy – Cyber Optimal Recovery – to help maximize a client’s recovery from a cyber-related loss. Designed for clients that have—or intend to …
  
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• Insurance agents expect claims to rise with floodwaters - Greenville Daily Reflector

  11-10-2016 06:17 via reflector.com
  Insurance agents expect claims to rise with floodwaters
  Greenville Daily Reflector
  While some local insurance agencies on Monday received calls about damage from Hurricane Matthew, reports are expected to increase throughout the week due to property potentially being affected by the Tar River rising. County officials said the Tar ...
  
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• Church Mutual to Offer Weather Monitoring Technology for Places of Worship

  11-10-2016 06:00
  
  Church Mutual Insurance Co. has partnered with The Hartford Steam Boiler (HSB) Inspection and Insurance Company, part of Munich Re, to provide eligible customers temperature and water sensors connected to a 24/7 monitoring system. This technology is designed to alert …
  
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• Affected by Hurricane Matthew? Georgia Department of Insurance offers solutions - 13WMAZ.com

  11-10-2016 04:44 via 13wmaz.com
  
  13WMAZ.com
  Affected by Hurricane Matthew? Georgia Department of Insurance offers solutions
  13WMAZ.com
  SAVANNAH, GA - OCTOBER 8: A view of downed tree and damaged power lines in a residential neighborhood, October 8, 2016 in Savannah, Georgia. Across the Southeast, Over 1.4 million people have lost power due to Hurricane Matthew. As of Saturday ...and more »
  
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• Matthew Update: 1 Million Still Without Power; Death Toll Rises

  11-10-2016 04:07
  
  Almost 1 million customers were still without power in the U.S. Southeast Monday after Hurricane Matthew brought devastating wind gusts and flooding to North Carolina, leaving at least 10 dead in the state. Duke Energy Corp., owner of North Carolina’s …
  
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• “It really caught them off guard,” Retirees brace for 56% insurance rate hike - kfor.com

  11-10-2016 00:55 via kfor.com
  
  kfor.com
  “It really caught them off guard,” Retirees brace for 56% insurance rate hike
  kfor.com
  “They will be paying between $1,500 to $1,700 a month now just for their retiree insurance. These are people on fixed income. That's over half their retiree check,” said John George. As president of the police union in Oklahoma City, he's taken several ...
  
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• Don't privatize national flood insurance: Opposing view - USA TODAY

  11-10-2016 00:38 via usatoday.com
  
  USA TODAY
  Don't privatize national flood insurance: Opposing view
  USA TODAY
  The National Flood Insurance Program (NFIP) is the only safety net for the millions of homeowners and small-business owners — like those suffering from the effects of Hurricane Matthew — who live in flood zones. The Independent Insurance Agents ...and more »
  
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