Insurance news

• Assurant falls most in S&P 500 as floods, phones hurt profit

  20-10-2016 22:24
  
  Assurant said catastrophes, including flooding in Louisiana, hurt the property unit.
  
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• Snoopy has been fired as the mascot of MetLife insurance - Business Insider

  20-10-2016 21:47 via businessinsider.com
  
  Business Insider
  Snoopy has been fired as the mascot of MetLife insurance
  Business Insider
  It's a sad day for Snoopy: The "Peanuts" character is being fired as a mascot for MetLife, a relationship that has lasted more than 30 years. MetLife announced Thursday that it's phasing out use of Snoopy to promote the brand, Bloomberg News reports.
  See you, Snoopy: why insurance co. is saying goodbye to cartoonsChristian Science Monitor
  Snoopy gets the boot at nation's largest life insurance companySTLt
  
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• How Insurtech Is Rapidly Changing Insurance And Health Tech Industries - Forbes

  20-10-2016 19:52 via forbes.com
  
  Forbes
  How Insurtech Is Rapidly Changing Insurance And Health Tech Industries
  Forbes
  In our recent fintech report “Money of the Future,” we've talked about $3 billion in new investments in 2015 in insurtech. Sounds impressive, doesn't it? Auto insurance companies just in the U.S. spend a total of $6 billion in advertising each year. It ...and more »
  
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• How Insurtech Is Rapidly Changing Insurance And Health Tech ... - Forbes

  20-10-2016 19:52 via forbes.com
  
  Forbes
  How Insurtech Is Rapidly Changing Insurance And Health Tech ...
  Forbes
  In our recent fintech report “Money of the Future,” we've talked about $3 billion in new investments in 2015 in insurtech. Sounds impressive, doesn't it?and more »
  
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• Typhoon kills at least 8 in Philippines, displaces thousands [photos]

  20-10-2016 19:30
  
  Typhoon Haima caused the evacuation of 90,000 and left vast areas flooded and without electricity and communication lines.
  
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• Asta Gets Initial Lloyd’s Approval to Launch & Manage Verto Syndicate 2689

  20-10-2016 18:35
  
  Asta, the third party managing agent at Lloyd’s, announced it has received “in principle” approval from the Lloyd’s Franchise Board to establish and manage Verto Quota Share Syndicate 2689. Initially, Verto Syndicate 2689 plans to underwrite proportional reinsurance of Lloyd’s …
  
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• What to Expect for This Winter’s Weather Across U.S.

  20-10-2016 17:31
  
  Forecasters at the U.S. Climate Prediction Center issued their U.S. winter outlook today, saying that La Nina is expected to influence winter conditions this year. La Nina favors drier, warmer winters in the southern U.S and wetter, cooler conditions in …
  
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• Snoopy to Retire from MetLife After 30 Years of Service

  20-10-2016 17:03
  
  MetLife Inc., the largest U.S. life insurer, will phase out the use of Snoopy and Peanuts characters in its marketing. The insurer announced a new tagline, “MetLife. Navigating life together,” in what the New York-based company called the most significant …
  
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• Redesigning your website? Make sure to comply with the ADA

  20-10-2016 17:00
  
  Barriers to online access can create liability risks under the Americans with Disabilities Act. Insurance pros should add 'website accessibility' to their risk checklists.
  
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• Travelers’ Q3 Results Hurt by Auto, Flood Claims

  20-10-2016 16:58
  
  Travelers Cos., the sole property/casualty insurer in the Dow Jones Industrial Average, posted its fourth-straight profit decline as weather-related costs climbed and investment income slipped. The stock had the biggest intraday fall since June. Third-quarter net income dropped 23 percent …
  
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• XL Catlin Names Zimmerman Client Distribution Leader in California

  20-10-2016 16:50
  
  Steven Zimmerman has joined XL Catlin’s broker and client management team as client distribution leader in Los Angeles, Calif. He reports to Mike Soper, XL Catlin’s U.S. West regional broker and client management leader. Zimmerman has more than 20 years …
  
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• University and San Diego PD Join Forces to Boost Teen DUI Prevention

  20-10-2016 16:43
  
  Researchers at University of California San Diego School of Medicine will join forces with the San Diego Police Department to reduce alcohol-impaired driving among San Diego youth between the ages of 15 to 20. Helped by funding from the California …
  
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• California Rules for Self-Driving Cars Draw Objections from Google, Automakers

  20-10-2016 16:36
  
  Alphabet Inc.’s Google unit and automakers objected on Wednesday to California proposals to set new, mandatory rules for testing self-driving cars in the state, which industry officials said could hobble their efforts in the home to much of self-driving vehicle …
  
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• Fast-Growing Insurance Matchmaker EverQuote Raises $23 Million - Insurance Journal

  20-10-2016 16:29 via insurancejournal.com
  
  Fast-Growing Insurance Matchmaker EverQuote Raises $23 Million
  Insurance Journal
  Digital insurance matchmaker EverQuote Inc. reports that it closed a $23 million dollar Series B investment led by Maryland-based Savano Capital Partners, with participation from Stratim Capital, Oceanic Partners and T Capital Partners. Cambridge, Mass.and more »
  
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• Fast-Growing Insurance Matchmaker EverQuote Raises $23 Million

  20-10-2016 16:22
  
  Digital insurance matchmaker EverQuote Inc. reports that it closed a $23 million dollar Series B investment led by Maryland-based Savano Capital Partners, with participation from Stratim Capital, Oceanic Partners and T Capital Partners. Cambridge, Mass.-based EverQuote said it will use …
  
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• IICF’s Northeast Division Awards Ten Local Community Grants

  20-10-2016 16:19
  
  The Insurance Industry Charitable Foundation’s (IICF) Northeast Division today announced it has awarded ten local community grants – in the amount of $2,500 each – to nonprofit organizations working outside the Metropolitan areas in New York, New Jersey and Connecticut. …
  
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• 5 driving risks you need to talk about with your teens

  20-10-2016 16:00
  
  Half of all teens will be involved in a car crash before graduating from high school, according to the National Safety Council.
  
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• Travelers Profit Falls 23% in Fourth-Straight Quarterly Drop

  20-10-2016 15:54
  
  Travelers Cos. posted its fourth-straight profit decline as weather-related costs climbed and investment income slipped.
  
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• State Regulators Say Pennsylvania Health Insurance Premiums to Rise

  20-10-2016 15:43
  
  State regulators say the cost of health insurance premiums will be going up sharply next year for residents who buy individual plans. The state Department of Insurance said Monday that insurance company rates, based on requests for 2017, include an …
  
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• IIABNY Names Lounsbury Interim President and CEO

  20-10-2016 15:35
  
  Beginning Dec. 1, New York’s oldest insurance producer’s group will be under the leadership of a new state executive for the first time in 20 years. Lisa K. Lounsbury has been named interim President and CEO of the Independent Insurance …
  
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• New Jersey’s New Day Underwriting Managers Hires Ippolito

  20-10-2016 15:27
  
  New Day Underwriting Managers LLC, a Hamilton, N.J., based specialty intermediary of environmental and construction related professional liability insurance coverages, has named Jesilyn Ippolito as a consultant within its construction group. In this role, she will be responsible for providing …
  
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• Zenefits ‘Overly Optimistic’ in Revenue Projections

  20-10-2016 14:15
  
  A lot has happened since Zenefits told investors last year that its already lofty projection for annual recurring revenue would more than triple by the end of 2016. The HR software maker saw its founding chief executive officer leave under pressure from …
  
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• Kansas to Appeal $120K Jury Award Linked to Deadly 2007 Crash

  20-10-2016 14:15
  
  The state of Kansas plans to appeal a jury’s ruling that ordered it to pay $120,000 to the family of a 2007 car crash victim who died after a state trooper demanded she be sent to Missouri hospitals rather than …
  
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• Jury Convicts Houston Execs in Healthcare Fraud Scheme

  20-10-2016 14:15
  
  A federal jury in Houston has convicted three executives from a physical therapy chain for their roles in submitting about $9.6 million in false and fraudulent claims for healthcare services that weren’t provided to patients. U.S. Attorney Kenneth Magidson in …
  
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• Top 8 consumer concerns about self-driving cars

  20-10-2016 13:00
  
  Autonomous vehicles have captured the public's imagination, but they raise some concerns as well.
  
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• How to warm up cold leads

  20-10-2016 13:00
  
  Working through a list of cold prospects can be daunting. Here are some voicemail and email scripts designed to warm them up.
  
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• More Insurers Disclosing Climate Change Risks, Report Shows

  20-10-2016 12:00
  
  Insurers in the U.S. are increasingly willing to disclose their risk management practices related to climate change, and that in part may be attributable to last year’s global accord in Paris and shifting attitudes in the business world on the …
  
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• Typhoon Haima Batters Philippines; Weakened Storm Heads to China

  20-10-2016 11:00
  
  More than 90,000 people were evacuated after Typhoon Haima left vast areas of the Philippines flooded and without electricity as the strongest storm to hit the nation this year heads toward China. Haima, a Category 5 super typhoon before it …
  
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• Brokerslink Completes Private Stock Offering to Support Global Growth Strategy

  20-10-2016 10:51
  
  Brokerslink, the Zug, Switzerland-based insurance broker, has announced the completion of a private stock offering, creating a broad shareholder base and investment to support the continued growth of its global insurance broking and risk business. Brokerslink said it now has …
  
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• UK Specialist Insurer JRW Group Appoints Williams as Executive Chairman

  20-10-2016 10:31
  
  Paul Williams, former Thistle Insurance Services managing director, is set to join The JRW Group* as executive chairman, subject to regulatory approval. His appointment to this newly formed role comes at a time when the niche insurance company is set …
  
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• Third Point Re Shuns M&As Because Many Such ‘Marriages’ End in Divorce

  20-10-2016 10:07
  
  Third Point Reinsurance Ltd., co-founded by hedge-fund manager Dan Loeb, likened the risk of mergers and acquisitions to picking a spouse without being aware of how much can go wrong. “Just like marriage, in M&A the 20 percent that work …
  
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• Conboy Named CFO/Treasurer at Cameron Mutual Insurance

  20-10-2016 07:37
  
  Cameron, Mo.-based Cameron Mutual Insurance Co. has appointed Pat Conboy, as chief financial officer/treasurer. Conboy joins Cameron from MAG Mutual in Atlanta, Ga., where he served as vice president of Financial Planning and Analysis. Prior to his 16-year career with …
  
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• Ask the Times: Service line insurance is voluntary in Bettendorf - Quad City Times

  20-10-2016 07:05 via qctimes.com
  
  Quad City Times
  Ask the Times: Service line insurance is voluntary in Bettendorf
  Quad City Times
  Q. Several readers have asked about recent letters they have received from the city of Bettendorf regarding service line warranties. I have received two letters from Decker Ploehn, Bettendorf city administrator, for insurance for my outside sewer line ...and more »
  
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• Brentwood Services Administrators in Tennessee Adds Vedros as Application Developer

  20-10-2016 07:02
  
  Brentwood Services Administrators Inc. (BSA) headquartered in Brentwood, Tenn., has hired Zachary Vedros to the position of application developer in the IT Department, according to Jeff Pettus, president and chief executive officer of BSA. In his new position under Steven …
  
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• Miami Beach Traps New Pool of Zika-Positive Mosquitoes

  20-10-2016 06:50
  
  Officials say a new pool of mosquitoes taken from Miami Beach has tested positive for Zika. A Miami-Dade County Mosquito Control news release says officials learned about the new pool Monday. The insects had been collected from a trap Oct. …
  
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• Alabama’s Oldest Mill Appears to be Total Loss After Fire

  20-10-2016 06:46
  
  One of the oldest mills in the state has burned to the ground. Butler’s Mill, which was operational as recently as 2015, caught fire Monday. The building appears to be a total loss. AL.com reports Butler’s Mill was originally built …
  
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• Florida Hurricane Fund Still Strong Despite Storms

  20-10-2016 06:41
  
  Florida’s streak of dodging hurricanes is over, but the state-created fund that helps private insurers pay out claims after a storm remains in strong financial shape. Anne Bert, the chief operating officer of the Florida Hurricane Catastrophe Fund, said preliminary …
  
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• Insurance Center of Dublin makes donation to Rock Youth Center - Roanoke Times

  20-10-2016 06:15 via roanoke.com
  
  Roanoke Times
  Insurance Center of Dublin makes donation to Rock Youth Center
  Roanoke Times
  Brad Alley (from left), Insurance Center of Dublin agency owner; Ashley Simmons, Safeco regional representative; and Joe Blankenship, director of the Rock Youth Center, at the check presentation. Posted: Thursday, October 20, 2016 12:15 am. Insurance ...
  
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• AP FACT CHECK: Health insurance costs up, but not doubling - U.S. News & World Report

  20-10-2016 06:06 via usnews.com
  AP FACT CHECK: Health insurance costs up, but not doubling
  U.S. News & World Report
  DONALD TRUMP: Insurance premiums under the Obama health care law next year "are going to go up over 100 percent." THE FACTS: Premiums are going up, and by double digits in many states, but to say it's over 100 percent is pure hyperbole. The full ...and more »
  
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• HS football: Paterson schools drop student accident insurance; families responsible for covering cost of injuries - NorthJersey.com

  20-10-2016 05:49 via northjersey.com
  
  NorthJersey.com
  HS football: Paterson schools drop student accident insurance; families responsible for covering cost of injuries
  NorthJersey.com
  PATERSON – Khadijah Davis was confused when she brought her son, Quashawn Muhammad, to St. Joseph's Regional Medical Center the night of Sept. 9. Kennedy RB Azmir Ivy, left, injured his knee Sept. 16. A bill. FILE PHOTO BY DANIELLE ...and more »
  
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• ER visits continue, despite insurance - Marketplace.org

  20-10-2016 04:01 via marketplace.org
  
  Marketplace.org
  ER visits continue, despite insurance
  Marketplace.org
  Emergency rooms and hospitals are among the most expensive places to get health care. One of the big selling points for Obamacare was the idea that if people get insurance, they'll have better preventive care and end up in the ER a lot less. Today we ...and more »
  
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• Does everyone need dental insurance? - wwlp.com

  20-10-2016 03:31 via wwlp.com
  
  wwlp.com
  Does everyone need dental insurance?
  wwlp.com
  KNOXVILLE (WATE) – You need medical insurance to protect you against the cost of an accident or illness, but what about dental insurance? You can avoid the most likely causes and expenses of dental problems, decay and gum disease, by brushing and ...and more »
  
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• 2 Asian Insurance Stocks That Could Double - Barron's

  20-10-2016 03:26 via barrons.com
  
  Barron's
  2 Asian Insurance Stocks That Could Double
  Barron's
  China and India are both an insurance salesperson's dream, argues JPMorgan in a new report. Email; Print; 0 Comments; Order Reprints. Facebook. Share. Twitter. Google+. smaller; Larger. close ...and more »
  
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• South Dakota Senator Requests Federal Aid for Ranchers Impacted by Fire

  20-10-2016 02:37
  
  U.S. Sen. John Thune is requesting federal disaster aid for ranchers affected by a large prairie fire in western South Dakota. Thune wrote to U.S. Agriculture Secretary Tom Vilsack, asking for immediate aid to ranchers affected by the Cottonwood Fire. …
  
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• Insurance denies Austin paralympian's claim for new wheelchair - KXAN.com

  20-10-2016 02:29 via kxan.com
  KXAN.com
  Insurance denies Austin paralympian's claim for new wheelchair
  KXAN.com
  Jeff Butler has used this wheelchair for the past 5 years and says the wear and tear has compromised the structural integrity of it. When he tried to get a new one through Humana insurance, the claim was denied. AUSTIN (KXAN) — For 25-year-old Jeff ...and more »
  
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• Senate DFLers to ask for special session on health insurance rates - Minneapolis Star Tribune

  20-10-2016 02:18 via startribune.com
  
  Minneapolis Star Tribune
  Senate DFLers to ask for special session on health insurance rates
  Minneapolis Star Tribune
  Minnesota Senate DFLers on Thursday will ask Gov. Mark Dayton to call a special legislative session to deal with soaring premiums for participants in the state's health insurance exchange, MNsure. Senate DFLers made the announcement late Wednesday, ...
  Growing insurance premiums frustrate farmersAlexandria Echo Pressall 24 news articles »
  
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• Brightway Insurance Opening Agency in Oklahoma

  20-10-2016 02:18
  
  Brightway Insurance is expanding into Oklahoma. The company said Paul Sacchieri will open the doors to Brightway, The Sacchieri Agency in Blanchard, Okla., on Oct. 24. It will be Brightway’s first location in the state. Brightway, The Sacchieri Agency is …
  
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• Landowners File Lawsuit over 1995 Oklahoma Chemical Spill

  20-10-2016 02:09
  
  Landowners in Kingfisher County, Oklahoma, have filed a lawsuit against a railroad company over a chemical spill caused by a train derailment two decades ago. The Journal Record reported that public documents indicate a railcar spilled about 3,300 gallons of …
  
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• Health secretary pitching new government insurance plan - The Salem News

  20-10-2016 01:53 via salemnews.com
  
  Lincoln Journal Star
  Health secretary pitching new government insurance plan
  The Salem News
  WASHINGTON — Even while hailing an estimate that 1 million more people are getting insurance coverage through Obamacare, Health and Human Services Secretary Sylvia Burwell acknowledged that “substantial” reforms are still needed in the nation's ...
  Health insurance costs rising dramatically for ACA plansLincoln Journal Star
  Fewer Americans Have Private Health Insurance Now Than in
  
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• Insurance adjuster: 'Painful' to deliver news about deductible - WJXT Jacksonville

  20-10-2016 01:15 via news4jax.com
  
  WJXT Jacksonville
  Insurance adjuster: 'Painful' to deliver news about deductible
  WJXT Jacksonville
  JACKSONVILLE, Fla. - Nearly 200 insurance adjusters with Property Casualty Insurers Association of America are making their way around Jacksonville assessing the damage from Hurricane Matthew. Adjuster Tamra Rivas was in the Mandarin area ...
  Insurance adjusters assess Hurricane Matthew damage in JacksonvilleActionNewsJax.comall 2 news articles »
  
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