Insurance news

• American Airlines jet fire forces evacuation as 20 injured in Chicago

  28-10-2016 23:15
  
  An American Airlines jetliner reported an engine malfunction just before catching fire while taxiing for takeoff from Chicago’s O’Hare airport.
  
  Read more

• American Air jet fire forces evacuation as 8 injured in Chicago

  28-10-2016 23:15
  
  An American Airlines jetliner reported an engine malfunction just before catching fire while taxiing for takeoff from Chicago’s O’Hare airport.
  
  Read more

• Online Lender SoFi Gets Insurance Licenses, Pairs With Protective Life - Wall Street Journal

  28-10-2016 21:39
  
  Wall Street Journal
  Online Lender SoFi Gets Insurance Licenses, Pairs With Protective Life
  Wall Street Journal
  Social Finance Inc., known as SoFi, one of the most highly valued financial technology startups, is solidifying its plans to launch a life-insurance product by acquiring state licenses and setting up a deal with carrier Protective Life Insurance Co ...
  SoFi receives insurance license and will partner with Protective Life, report saysSan Francisco Business Timesall 2 news articles 
  
  Read more

• Dayton offers 25% health insurance premium reduction proposal - Farmington Independent

  28-10-2016 21:09
  
  INFORUM
  Dayton offers 25% health insurance premium reduction proposal
  Farmington Independent
  ST. PAUL—Minnesotans who buy individual health insurance policies would get either state or federal aid to deal with soaring premiums under a plan Gov. Mark Dayton offered Thursday, Oct. 27. Dayton announced a proposal that would reduce premiums 25 ...
  Capitol Chatter: State leaders don't communicate on insurance problemINFORUM
  DFL Gov. Mark Dayton, House GOP spar over health insurance, trans
  
  Read more

• Advertisement

• Consumer advocates push for 'more teeth' in insurance rate review rulemaking - STLtoday.com

  28-10-2016 21:02
  
  STLtoday.com
  Consumer advocates push for 'more teeth' in insurance rate review rulemaking
  STLtoday.com
  After the passage of a pivotal bill to allow Missouri insurance regulators to review health insurance rates, consumer advocates say the rules proposed to carry out the new law need to be strengthened. A group of consumer advocates met this week to pick ...and more »
  
  Read more

• Health Insurance Premiums to rise again - WoodwardNews.net

  28-10-2016 20:16
  
  Health Insurance Premiums to rise again
  WoodwardNews.net
  It is a news headline that over the past three years has become common place and yet no matter how many times Oklahomans see the words, they still strike fear in the hearts of hard working people. According to local insurance agents who have been ...and more »
  
  Read more

• Securing On-Demand Drone Insurance for Commercial Operations - Commercial UAV News

  28-10-2016 19:26
  
  Commercial UAV News
  Securing On-Demand Drone Insurance for Commercial Operations
  Commercial UAV News
  Now that Part 107 has defined how individuals and organizations can legally take to the sky, arguably the biggest hurdle associated with operating a drone for commercial purposes has been resolved. With that out of the way, details like insurance have ...
  
  Read more

• People on the move in the P&C insurance industry: Oct. 28, 2016

  28-10-2016 19:00
  
  News from Lockton, XL Catlin, Aon Risk and more.
  
  Read more

• Advertisement

• Pence plane’s skid shows risks of tight runways at LaGuardia

  28-10-2016 18:52
  
  The incident highlights the risks at some of the older U.S. airports hemmed in by development or their placement near bodies of water that have prevented them from lengthening runways to modern safety standards.
  
  Read more

• Drought Committee Address Dryness in Western Carolinas as Floods Subside

  28-10-2016 18:50
  
  As the last river finally falls below major flood stage near the coast, a rapidly worsening drought is killing crops and causing hard-to-fight wildfires in rugged terrain in western North Carolina and South Carolina. The dry side of the unusual …
  
  Read more

• Search is on for Arsonist Responsible for Series of Fires in Georgia

  28-10-2016 18:39
  
  Authorities believe an arsonist was responsible for a series of fires in Floyd County that damaged two homes and forced dozens of others to be evacuated. News outlets report that at least four brush fires stretched along U.S. Route 27 …
  
  Read more

• South Dakota Court : Hospitals Don’t Have to Turn Over Doctor Performance Documents

  28-10-2016 18:22
  
  South Dakota’s Supreme Court says hospitals don’t have to turn over documents related to doctor performance even when there’s evidence they committed fraud against patients. The high court in a Wednesday opinion reversed a lower court ruling that plaintiffs suing …
  
  Read more

• Court Disqualifies 1 of 2 Medical Marijuana Proposals on Arkansas Ballot

  28-10-2016 18:21
  
  Arkansas Supreme Court has disqualified a medical marijuana proposal from the November ballot less than two weeks before the election and with thousands of votes already cast, but voters will still be able to consider a competing plan. In a …
  
  Read more

• Recent Kansas Tornadoes Caused $500K in Damage, Official Says

  28-10-2016 18:19
  
  An official says two tornadoes that recently touched down in eastern Saline County, Kansas, caused an estimated $500,000 in damage. The Salina Journal reports that Emergency Management Director Hannah Stambaugh told county commissioners about the costs during their regular meeting …
  
  Read more

• Facility Fire Leads to $732K Federal Fine for Oklahoma’s ONEOK

  28-10-2016 18:18
  
  The U.S. Department of Transportation’s Pipeline and Hazardous Materials Safety Administration has announced fines totaling $732,000 against Tulsa-based ONEOK following a fire at a ONEOK facility in Bushton, Kansas. The PHMSA says 15 safety violations of pipeline safety regulations were …
  
  Read more

• Missouri Courthouse Asbestos Case Settles for $80M

  28-10-2016 18:17
  
  An $80 million settlement has been reached in a class-action lawsuit over removal of asbestos during renovation of the Jackson County Courthouse in Kansas City. The Kansas City Star reports $25 million will go toward attorney’s fees and the cost …
  
  Read more

• BenefitMall Adds Slawter as Sr. VP in Dallas

  28-10-2016 18:17
  
  Dallas-based BenefitMall, which provides employee benefits, human resources and payroll products and services, has appointed Todd Slawter as senior vice president of its benefit sales team. Slawter will be working out of BenefitMall’s headquarters and will be responsible for all insurance sales and …
  
  Read more

• Health Insurance Under the Affordable Care Act Costs Hundreds or Thousands Per Month? : snopes.com - snopes.com

  28-10-2016 18:13
  
  snopes.com
  Health Insurance Under the Affordable Care Act Costs Hundreds or Thousands Per Month? : snopes.com
  snopes.com
  ACA costs are going up in 2017, but premium payments depend largely on the individual's income level. Bethania Palma. Updated: Oct 28, 2016. Share. 1.6K. 1.6K. Darko Stojanovic. Claim: Coverage under Obamacare can costs more than $1,200 a month ...
  You could have the same health insurance that Congress hasTheBlaze.com
  My Defective Obamacare Health Insurance Product Just
  
  Read more

• Senator Schumer opposes FEMA clawback of Superstorm Sandy aid to Long Island

  28-10-2016 18:10
  
  The OIG recently released reports that deemed $9.9 million in approved funds for the Town of North Hempstead ineligible, unsupported or unused and $668,430 in federal funds ineligible.
  
  Read more

• Let's Treat Our Patients, Not Trick Them with Private Insurance - BillMoyers.com

  28-10-2016 17:41
  
  BillMoyers.com
  Let's Treat Our Patients, Not Trick Them with Private Insurance
  BillMoyers.com
  This Halloween, medical students are refusing to endorse the horrifying for-profit health care system as it exists. By Emily Kirchner | October 28, 2016. Let's Treat Our Patients, Not Trick [...] A newly insured patient receives a checkup from Dr ...
  What you need to know when shopping for health insuranceKHOU.com
  Will This Government Campaign Persuade Gig Workers To Pay For Health Insurance?Forbes
  How
  
  Read more

• BrickStreet Mutual, Motorists Mutual Pursue Joint Venture

  28-10-2016 17:39
  
  BrickStreet Mutual Insurance  and Motorists Mutual Insurance Co. announced they have  begun to formalize an affiliation agreement between the two companies. If approved by state regulators and closed as anticipated in July 2017, the affiliation will include more than 1,600 …
  
  Read more

• Survey: Cyber coverage for businesses up 85 percent since 2011

  28-10-2016 17:15
  
  More companies are buying cyber coverage than ever, but the market is slowing, according to the latest survey from Zurich and Advisen.
  
  Read more

• Americans may find less choice in health insurance in 2017, analysis says - PBS NewsHour

  28-10-2016 17:06
  
  PBS NewsHour
  Americans may find less choice in health insurance in 2017, analysis says
  PBS NewsHour
  In this file photo, a self-employed student gets help from navigator in Portsmouth, New Hampshire. Millions of young adults healthy enough to think they don't need insurance face painful choices this year as the sign-up deadline approaches for ...
  Health insurance exchanges offer fewer choicesSFGate
  South Dakotans have decent health insurance optionsKEVN Black Hills Fox
  California's health insura
  
  Read more

• New Jersey Transit Hiring Consultant to Address Safety Concerns

  28-10-2016 17:01
  
  New Jersey Transit is hiring a former Metro-North president to help it meet federal rail safety requirements. The agency will pay Peter Cannito $350 per hour to review Federal Railroad Administration violations uncovered in an audit and help with a …
  
  Read more

• Judge in Washington Finds Railway Could Be Liable if Spills Proven

  28-10-2016 17:01
  
  A federal judge in Seattle has found that BNSF Railway could be held liable in a lawsuit claiming that coal spilled from trains pollutes waterways if environmental groups can show at trial that such discharges actually occurred. Ruling in the …
  
  Read more

• The Hartford Reports 15% Higher Q3 Profit; Strong Commercial Lines Performance

  28-10-2016 16:54
  
  The Hartford reported net income of $438 million in third quarter 2016, an increase of 15 percent from third quarter 2015. Core earnings came in at $413 million in third quarter 2016, an increase of 13 percent from third quarter …
  
  Read more

• Western Growers Hires Luis to Help Expand in California’s Central Valley

  28-10-2016 16:46
  
  Western Growers Insurance Services Inc. has named Matt Luis as a sales executive to help expand property/casualty insurance services in California’s Central Valley region. Luis’ experience will be leveraged to develop and execute insurance initiatives for agribusinesses and food clients. …
  
  Read more

• The Hartford Names Bergbauer Head of Middle Market International

  28-10-2016 16:17
  
  The Hartford has appointed Alfred Bergbauer as vice president and head of multinational underwriting. Bergbauer will oversee The Hartford’s International Choice portfolio of insurance products for U.S. organizations with global operations and risks that includes a partnership with AXA Corporate …
  
  Read more

• Credit card theft tops list of crimes Americans face, Gallup finds

  28-10-2016 16:00
  
  More than 1 in 4 people say they or someone in their household has had credit card information stolen.
  
  Read more

• Missouri-Based Wallace & Associates Adds Brown as Property/Casualty Producer

  28-10-2016 15:50
  
  Wallace & Associates Insurance Agency, based in Jackson, Mo., recently hired Ron Brown as its property/casualty producer. In this position, Brown will handle automobile and home insurance for new and existing accounts, as well as specialize in property management. Founded …
  
  Read more

• IBM Sees Advantage in Client Owning Watson-Generated Knowledge

  28-10-2016 15:50
  
  IBM Chief Executive Officer Ginni Rometty sees proprietary data combined with artificial intelligence technology as the competitive advantage for companies going forward. When International Business Machines Corp. works with clients, it trains a unique version of its artificial intelligence technology, …
  
  Read more

• Arson Suspected in Several Recent Connecticut Fires

  28-10-2016 15:50
  
  Police and fire investigators say a string of fires in Norwich, Conn., recently appear to be arson and are looking for the person or people responsible. The latest blaze occurred Monday night at the former YMCA building on Main Street. …
  
  Read more

• Judge Approves $265M Settlement in 2015 Pennsylvania Amtrak Derailment

  28-10-2016 15:45
  
  A U.S. federal judge on Thursday approved a $265 million settlement over an Amtrak passenger train crash in Philadelphia in 2015 that killed eight people and injured about 200 others, court records showed. The settlement ordered by U.S. District Court …
  
  Read more

• Cancer-Causing Metal Near Wells Tied to Volcanic Soil More Than Coal Ash: Study

  28-10-2016 15:42
  
  A cancer-causing heavy metal found in water wells near coal ash pits and other industrial sites is much more widespread and naturally occurring than previously thought, university researchers said Wednesday. The presence of hexavalent chromium is more related to volcanic …
  
  Read more

• Colorado health insurance consumers have less choice in 2017 - The Denver Post

  28-10-2016 15:24
  
  The Denver Post
  Colorado health insurance consumers have less choice in 2017
  The Denver Post
  DENVER (AP) — Coloradans will have less choice in 2017 in the state health insurance exchange than in any year since the program began in 2014. Residents seeking exchange coverage in 14 of Colorado's 64 counties — all of them on the West Slope ...and more »
  
  Read more

• Bonding Requirement Added for Maryland Structured Settlement Companies

  28-10-2016 15:10
  
  A new bonding requirement for structured settlement companies in Maryland took effect on October 1. The bonding requirement was introduced with the passing of Maryland Senate Bill 734 which specifies a number of new conditions for structured settlement transfers in …
  
  Read more

• Actuaries Have Disappointing News for Americans Including Millennials

  28-10-2016 14:11
  
  Death awaits all of us, but how patiently? To unlock the mystery of when we’re going to die, start with an actuary. Members of this 200-year-old profession who study risk and uncertainty pore over the data of death to estimate length of …
  
  Read more

• 5 tips to avoid the dangers of public Wi-Fi

  28-10-2016 13:00
  
  Public hotspots are an easy way for cyber criminals to track your online movements and gain access to personal information or business networks.
  
  Read more

• Taxed Off: Some NY hospitals' insurance in offshore investments - Rochester Democrat and Chronicle

  28-10-2016 12:29
  
  Rochester Democrat and Chronicle
  Taxed Off: Some NY hospitals' insurance in offshore investments
  Rochester Democrat and Chronicle
  Nonprofit hospitals in New York have invested billions of dollars with secretive offshore financial firms, and some of the most complex deals involved high-stakes insurance coverage affecting doctors, health-care workers and patients. In addition to ...and more »
  
  Read more

• Swiss Re Covers China’s Economic Hub, Guangdong, for Nat Cats up to $350M

  28-10-2016 12:24
  
  Swiss Re has entered into an agreement as sole reinsurer to protect seven prefectures of Guangdong province, China, in partnership with local insurers, led by the People’s Insurance Company of China (PICC) in 2016. The pilot program offers insurance cover …
  
  Read more

• Should you buy this ad? An advisor's guide to advertising

  28-10-2016 12:00
  
  Consider your objective and audience when making a decision to purchase local advertising.
  
  Read more

• How to avoid a real-life liability nightmare this Halloween

  28-10-2016 12:00
  
  Here are a few simple steps homeowners can take to ensure a safe and fun Halloween — for their trick-or-treaters and themselves.
  
  Read more

• West Antarctica’s Ice Loss Shows Signs of Becoming ‘Unstoppable’

  28-10-2016 11:58
  
  If you want to see the future of New York, Tokyo, or Mumbai, look no further than West Antarctica, where a warmer sea is turning ice into water that may be headed to your doorstep. The bottom of the world …
  
  Read more

• AIR Worldwide Comments on Central Italy’s 2 Powerful Earthquakes

  28-10-2016 11:26
  
  The two powerful earthquakes that hit central Italy on Oct. 26 are considered aftershocks of the deadly Aug. 24, M6.2 earthquake that occurred near Teramo, which about 50 miles south-southeast of the latest temblors, according to Boston-based catastrophe modeling firm …
  
  Read more

• RenaissanceRe Promotes Fraser and James in Finance Team

  28-10-2016 10:28
  
  Bermuda-based RenaissanceRe Holdings Ltd. has announced several key leadership changes in its Finance function, effective Dec. 31, 2016. James (“Jamie”) C. Fraser has been named SVP, chief accounting officer, responsible for oversight of forecasting, planning and analysis; controls, financial reporting …
  
  Read more

• BHSI Launches Civil Liability Cover for Australia/NZ Financial Institutions

  28-10-2016 09:51
  
  Berkshire Hathaway Specialty Insurance Co. (BHSI) announced it has launched Professional First Financial Institutions Civil Liability Insurance in Australia and New Zealand. “Many forces have shifted the risk landscape for financial institutions, from the lessons learned from the complex litigation …
  
  Read more

• Tennessee-Based Nursing Home Chain Settles Medicare Overbilling Case for $145M

  28-10-2016 07:32
  
  An eastern Tennessee-based skilled nursing home chain has reached a $145 million settlement that federal officials called the largest ever of its kind. The U.S. Department of Justice said in a news release Monday that Life Care Centers of America …
  
  Read more

• Florida-Based Fortegra Taps Rattner as EVP, Chief Underwriter

  28-10-2016 07:01
  
  Fortegra, a specialty insurer based in Jacksonville, Fla., and a subsidiary of Tiptree Financial Inc., has appointed Mark Rattner as executive vice president, chief underwriter, and head of product management. In this capacity, Mark will be responsible for expanding the …
  
  Read more

• Key facts about rising Arizona health insurance premiums - Washington Times

  28-10-2016 06:08
  Key facts about rising Arizona health insurance premiums
  Washington Times
  PHOENIX (AP) - Arizonans who paid some of the lowest individual insurance premiums in the nation when policies were first available under President Barack Obama's health care overhaul law in 2014 are about to be walloped. Premiums are going up by a ...and more »
  
  Read more

• Target 8: Beware of clause that cuts insurance benefits - WOODTV.com

  28-10-2016 05:06
  
  Target 8: Beware of clause that cuts insurance benefits
  WOODTV.com
  GRAND RAPIDS, Mich. (WOOD) -- Protecting your family on the road is about more than seat belts and safe driving. It's also critical that you understand your auto insurance policy, especially if you carry liability coverage beyond Michigan's required ...
  
  Read more

Follow @Insurance_Newsl on Twitter!