Insurance news

• Flagler County releases document to help with insurance claims - WJXT Jacksonville

  21-10-2016 23:40 via news4jax.com
  
  WJXT Jacksonville
  Flagler County releases document to help with insurance claims
  WJXT Jacksonville
  FLAGLER COUNTY, Fla. - Officials in Flagler County have released copies of its signed “State of Local Emergency” document filed with the Clerk of the Circuit Court & Comptroller to assist those residents required to evacuate with their insurance claims ...
  
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• Urban coaches 'afraid,' fear their own districts could drop insurance for student athletes - NJ.com

  21-10-2016 22:52 via highschoolsports.nj.com
  
  NJ.com
  Urban coaches 'afraid,' fear their own districts could drop insurance for student athletes
  NJ.com
  PATERSON -- The thought sent a chill through Robert Hampton: What if he was asked to coach his football players at Lincoln High School in Jersey City without the team being covered by student accident insurance from the school district? Many of ...
  N.J. lawmakers say they'll introduce student accident insurance measureUSA TODAY High School Sportsall 2 news articles »
  
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• Friday's cyber attacks a 'wake-up call' for insurers and public alike

  21-10-2016 22:41
  
  Waves of DDoS attacks shut down swatches of the internet on Friday, prompting the need for the insurance industry to issue standard cyber liability coverage forms.
  
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• Health secretary pitching new government insurance plan - The Hendricks County Flyer

  21-10-2016 22:28 via flyergroup.com
  
  Health secretary pitching new government insurance plan
  The Hendricks County Flyer
  WASHINGTON, D.C. — 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 ...and more »
  
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• National E&S in California Names Skiles Account Manager

  21-10-2016 21:02
  
  National E&S Insurance Brokers in Palmdale, Calif. has named Brittany Skiles an Account Manager. Skiles works with all lines of insurance including general liability, contractor pollution, professional liability, commercial autos and workers’ compensation. She worked the last 10 years at …
  
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• State Farm to sharply reduce California renters' insurance rates in 2017 - PropertyCasualty360

  21-10-2016 20:28 via propertycasualty360.com
  
  PropertyCasualty360
  State Farm to sharply reduce California renters' insurance rates in 2017
  PropertyCasualty360
  State Farm will reduce California rental policy rates by an average of 40 percent after reaching agreement with the state's Department of Insurance. (Photo: iStock). California Insurance Commissioner Dave Jones announced on Oct. 19 that State Farm ...and more »
  
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• State Farm to sharply reduce California renters’ insurance rates in 2017

  21-10-2016 20:25
  
  State Farm will reduce its rate request for rental dwelling policies in California by an average of 40 percent in 2017.
  
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• State Farm to sharply reduce California rental dwelling policy rates in 2017

  21-10-2016 20:25
  
  State Farm will reduce its rate request for rental dwelling policies in California by an average of 40 percent in 2017.
  
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• Midwest Study: More Lighting Would Cut Farm Vehicle Crashes by 60%

  21-10-2016 20:00
  
  Traffic accidents involving farm vehicles in the Midwest would drop by more than 60 percent if state policies required more lighting and reflection on those vehicles, according to a study from the University of Iowa College of Public Health. The …
  
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• Driving Without Insurance Could Cost You - MYFOXZONE.com

  21-10-2016 19:08 via myfoxzone.com
  
  MYFOXZONE.com
  Driving Without Insurance Could Cost You
  MYFOXZONE.com
  A fender-bender is something no one likes to deal with. But they happen: you stop, pull over, call 9-1-1, exchange insurance and so on. At least that's what's supposed to happen. Margaux Farrell, KIDY 12:07 PM. CDT October 21, 2016. CONNECT TWEET ...
  
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• 5 football tailgating blunders insurance will pay for - USA TODAY

  21-10-2016 19:01 via usatoday.com
  
  USA TODAY
  5 football tailgating blunders insurance will pay for
  USA TODAY
  Football tailgates offer fans a chance to escape the weekly grind and cut loose in the name of bone-crunching tackles and char-grilled meats. But nothing brings tailgaters crashing back to reality faster than game-day festivities gone wrong. A ...
  27 Ways to Save on Car InsuranceMoney Magazine
  Lousy credit score can double Fla. car insurance bill, study saysMyPalmBeachPost
  Income, not driving record, may determine auto in
  
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• People on the move in the P&C insurance industry: Oct. 21, 2016

  21-10-2016 19:00
  
  News from Lemonade, Willis Re, Marsh and more.
  
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• Want to Know More About Agency E&O? Participate Now.

  21-10-2016 18:26
  
  Insurance Journal is asking for participation in its 2016 Agency Errors & Omissions Survey. This survey report will share key insights on today’s Agency E&O market. Participate now to learn more about the market. The survey is designed specifically for independent …
  
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• Takata air bag deaths rise to at least 17 after California crash

  21-10-2016 18:25
  
  Honda said a Takata air bag inflator ruptured in a Civic compact car on Sept. 30 and killed a driver in California, at least the 17th Takata-related fatality in the U.S., Malaysia and India.
  
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• Will NAPSLO and AAMGA merge?

  21-10-2016 18:22
  
  The two organizations have created a joint committee to explore potential benefits.
  
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• Canada Proposes Overhaul of Mortgage-Insurance System - Wall Street Journal

  21-10-2016 17:53 via wsj.com
  
  Canada Proposes Overhaul of Mortgage-Insurance System
  Wall Street Journal
  OTTAWA—Canada is proposing a major shake-up of its taxpayer-backed mortgage-insurance system that could see banks shoulder up to 10% of the losses related to house-loan defaults. The plans were detailed in a policy paper issued Friday by Canada's ...and more »
  
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• Insurance Industry Collaboration Key to Facing Disruption, III CEO Says - Insurance Journal

  21-10-2016 17:50 via insurancejournal.com
  
  Insurance Journal
  Insurance Industry Collaboration Key to Facing Disruption, III CEO Says
  Insurance Journal
  In an increasingly connected and globalized world, the insurance industry needs to work together to understand and accommodate the many disruptions it faces today and in the future, according to Sean Kevelighan, CEO of the Insurance Information ...
  
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• New Mexico Driver’s License Revamp Draws Fresh Criticism

  21-10-2016 17:45
  
  New Mexico officials ran into fresh criticism Tuesday about revisions to the state’s immigrant driver’s license law at a public hearing on the proposed regulations. The Department of Taxation and Revenue has said its plan to implement a law approved …
  
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• Insurance Industry Collaboration Key to Facing Disruption, III CEO Says

  21-10-2016 17:44
  
  In an increasingly connected and globalized world, the insurance industry needs to work together to understand and accommodate the many disruptions it faces today and in the future, according to Sean Kevelighan, CEO of the Insurance Information Institute (III), during his …
  
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• Internet service restored in Eastern U.S. after web-hosting hack

  21-10-2016 17:42
  
  Problems experienced by internet users across the Eastern U.S. appear to have eased, with most sites back online after web-hosting services were invaded by hackers.
  
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• Fired Arizona Child Safety Workers Seek Revival of Wrongful Firing Suit

  21-10-2016 17:41
  
  The Arizona Court of Appeals is set to consider reviving a wrongful termination lawsuit filed by five Arizona child welfare workers fired in 2014 amid an agency scandal. The ex-Child Protective Services employees argue they were fired in April 2014 …
  
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• Acrisure in Michigan Announces Management-Led Buyout

  21-10-2016 17:21
  
  Grand Rapids, Mich.-based Acrisure LLC has signed a definitive agreement for a management-led buyout of the company, led by Greg Williams, Acrisure’s CEO and co-founder, and a consortium of minority investors. Acrisure management and its operating partners are acquiring control …
  
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• Copyright Claim Filed Over The Beatles’ 1965 Concert Film

  21-10-2016 17:14
  
  On the verge of last month’s release of Eight Days a Week – The Touring Years, a Ron Howard-directed film showing live performances of The Beatles, a surprising lawsuit was filed by the company assigned Sid Bernstein’s intellectual property. Bernstein …
  
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• AIG’s Ex-CFO Herzog Joins MetLife Board

  21-10-2016 17:05
  
  MetLife. Inc. announced that David L. Herzog has been elected to its board of directors, effective immediately. Herzog most recently served as executive vice president and chief financial officer of American International Group (AIG). Herzog had been CFO since late …
  
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• Rising Insurance Premiums Boost Talk of Changes to Affordable Care Act - Wall Street Journal

  21-10-2016 17:00 via wsj.com
  
  Wall Street Journal
  Rising Insurance Premiums Boost Talk of Changes to Affordable Care Act
  Wall Street Journal
  WASHINGTON—Insurer defections and rising premiums in the individual insurance market are spurring Democrats and Republicans alike to talk about changes to the 2010 Affordable Care Act. For now, the conversations are largely aimed at their party's ...
  Obama on soaring health insurance premiums: 'I had nothing to do with that'Canada Free Press
  Fewer Americans Have Private Heal
  
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• Mitsui Buys 15% Stake in XL’s ILS Firm, New Ocean Capital

  21-10-2016 16:47
  
  Mitsui & Co., Japan’s second-biggest trading house, agreed to purchase a 15 percent stake in New Ocean Capital, the asset manager that was founded by XL Group Ltd. and Stone Point Capital to make insurance-related bets. Mitsui also committed $100 …
  
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• Henderson Brothers Inc. of Pennsylvania Hires Brown

  21-10-2016 15:38
  
  Henderson Brothers Inc., an independent insurance broker headquartered in Pittsburgh, Penn., has hired Eric Brown as a consultative associate. As a member of the consultative department, Brown will provide compliance training and assistance and help to manage Henderson Brothers’ online …
  
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• USI Insurance Services Hires Bark to Massachusetts Office

  21-10-2016 15:16
  
  USI Insurance Services (USI), an insurance brokerage and consulting firm headquartered in Valhalla, New York, has hired Brian D. Bark as president of the employee benefits practice in its Woburn, Mass., office. In this role, Bark will play a significant role …
  
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• Venbrook Raises $42M in Financing, Buys New Jersey’s Brooks Insurance Group

  21-10-2016 15:03
  
  Venbrook Group nailed down $42 million in new financing from Madison Capital Funding, a subsidiary of New York Life, and some of the money has already helped back an acquisition that expands its scope in the U.S. Northeast. Venbrook, an …
  
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• Automakers, Chipmakers Race to Equip Autonomous Vehicles

  21-10-2016 14:31
  
  Tesla Motors Inc.’s decision to equip all of its vehicles with self-driving hardware has intensified competition among rival camps of technology and auto companies over what equipment will be on board cars of the future. Tesla’s self-driving system will rely …
  
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• Raise your agency rating, raise your revenue

  21-10-2016 14:00
  
  Boosting a Yelp rating by one star can increase company revenue between 5 percent and 9 percent.
  
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• It takes a village to manage some property losses

  21-10-2016 14:00
  
  A professional partnership between an insurance professional and a service provider is a powerful thing for customers and allows a company to differentiate itself in the industry.
  
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• New Orleans Plans to Add Almost Twice as Many Traffic Safety Cameras in 2017

  21-10-2016 13:50
  
  The number of traffic safety cameras to catch drivers speeding or running red lights in New Orleans could nearly double next year. The Times-Picayune reports Mayor Mitch Landrieu has proposed adding another 55 such cameras to the 66 already in …
  
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• Obama’s Thinks His Exit Could Lead to Bipartisan Obamacare Fix

  21-10-2016 13:45
  
  President Barack Obama said on Thursday that his departure from office in January might be what it takes to begin to heal the political scars over Obamacare and allow for needed fixes to his signature healthcare law. The 2010 Affordable …
  
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• Obama Thinks His Exit Could Lead to Bipartisan Obamacare Fix

  21-10-2016 13:45
  
  President Barack Obama said on Thursday that his departure from office in January might be what it takes to begin to heal the political scars over Obamacare and allow for needed fixes to his signature healthcare law. The 2010 Affordable …
  
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• Grinnell Mutual Leads 2nd Funding Round for Insurance Social Media Start Up

  21-10-2016 13:25
  
  Serious Social Media, developer of the automated social media marketing service, InsuranceSocial.Media, and a 2016 graduate of the Global Insurance Accelerator (GIA) program, announced it has secured a second round of funding led by Iowa-based Grinnell Mutual Reinsurance Co. (Grinnell …
  
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• Typhoon Haima Hits China as Weaker Storm; AIR Worldwide Comments

  21-10-2016 13:12
  
  Typhoon Haima made landfall in China after it brushed past Hong Kong, forcing the city’s stock exchange to cancel trading for the day and airlines to suspend flights. The Hong Kong Observatory said it will consider lowering Storm Signal No. …
  
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• Have a backup generator? Make sure you do these 13 things

  21-10-2016 13:00
  
  While valuable during power outages following natural disasters, backup generators come with their own host of risks. Here are some safety tips for operating power generators.
  
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• Insurance Groups AAMGA, NAPSLO in Merger Talks - Insurance Journal

  21-10-2016 12:54 via insurancejournal.com
  
  Insurance Groups AAMGA, NAPSLO in Merger Talks
  Insurance Journal
  The American Association of Managing General Agents (AAMGA) and the National Association of Professional Surplus Lines Offices (NAPSLO) are considering combining both organizations into one association and have formed a joint committee to explore ...
  
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• Insurance Groups AAMGA, NAPSLO in Merger Talks

  21-10-2016 12:54
  
  The American Association of Managing General Agencies (AAMGA) and the National Association of Professional Surplus Lines Offices (NAPSLO) are considering combining both organizations into one association and have formed a joint committee to explore the idea. Brady Kelley, executive director, …
  
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• 14 everyday attitudes that kill success

  21-10-2016 12:30
  
  What keeps us from getting to where we want to be or what we want to do?
  
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• AXIS Insurance Names Harrington Cloud as SVP, Distribution & Broker Relations

  21-10-2016 12:14
  
  AXIS Capital Holdings Ltd. announced Tracy Harrington Cloud has joined AXIS Insurance as senior vice president,  International Distribution and Broker Management. Harrington Cloud’s role will include helping to further enhance distribution management services and offerings across AXIS’ global network of …
  
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• Bermuda-Based Somerset Re Raises Capitalization to $375 Million

  21-10-2016 12:01
  
  Somerset Reinsurance Ltd. has increased its common share capitalization to $375 million, including investments from three strategic investors and a diverse group of high net worth investors. Somerset Re provides customized risk management solutions to the life insurance and annuity …
  
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• Location matters: Insurance award in auto case jumps from $75K to $2 million

  21-10-2016 12:00
  
  It's all about location, a federal district court said, finding that a rental truck was principally garaged in Virginia, not Maryland, increasing insurance coverage to $2 million from $75,000.
  
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• Western Insurers Slowly Re-Enter Deals with Iran – a Market Valued at $9B

  21-10-2016 11:27
  
    Western insurers are slowly reaching deals with Iran as they seek to re-enter a multi-billion dollar market although the pace of business is hampered by banking restrictions 10 months on from the lifting of international sanctions. Shut out of …
  
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• PartnerRe to Buy Canada’s Aurigen Capital, in Life Reinsurance Push

  21-10-2016 11:06
  
  PartnerRe Ltd., the reinsurer owned by John Elkann’s EXOR SpA, agreed to buy Aurigen Capital to expand in coverage of life policies in North America. PartnerRe agreed to pay C$375 million ($284 million) in a deal expected to be completed …
  
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• Michigan Agent Named IIABA Young Agent of the Year

  21-10-2016 08:20
  
  The National Young Agents Committee (YAC) of the Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) has presented Kelly Hume of the Young Agents Council of the Michigan Association of Insurance Agents (MAIA) with its Outstanding Young Agent …
  
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• LUBA Indemnity Insurance Assigned A- Financial Strength Rating by A.M. Best

  21-10-2016 07:48
  
  A.M. Best has assigned a financial strength rating (FSR) of A- (Excellent) and a long-term issuer credit rating (Long-Term ICR) of “a-” to LUBA Indemnity Insurance Co. LUBA Indemnity a wholly owned subsidiary of LUBA Casualty Insurance Co. (LUBA). Both are headquartered in Baton Rouge, …
  
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• North Carolina Environmental Groups, Regulators Spar Over Coal Ash Spill

  21-10-2016 07:30
  
  Conservationists and regulators are at odds over how much coal ash was swept away by flooding during Hurricane Matthew – state inspectors say it would fit in the bed of a pickup truck while a watchdog group argues it’s a …
  
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• Miami Scaffolding Collapse Kills 1, Injures 5

  21-10-2016 07:27
  
  Construction scaffolding fell to the street from a downtown Miami high-rise Wednesday afternoon, causing one death and five injuries, authorities said. A man in his 50s had a fatal “cardiac episode” while running from falling debris near the approximately 50-story …
  
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