Insurance news

• Insurer dropping some insurance coverage for gun shops - Watchdog.org

  07-11-2016 22:57
  
  Watchdog.org
  Insurer dropping some insurance coverage for gun shops
  Watchdog.org
  Insurer dropping some insurance coverage for gun shops - Watchdog.org ...
  
  Read more

• Trump misses details when saying Florida insurance premiums going up by double digits - PolitiFact

  07-11-2016 21:25
  
  Daily Bruin
  Trump misses details when saying Florida insurance premiums going up by double digits
  PolitiFact
  GOP presidential nominee Donald Trump speaks at a campaign rally in Jacksonville, Fla., on Nov. 3, 2016. GOP presidential nominee Donald Trump has been on the stump trying to chop down Obamacare, warning that Floridians are on the hook for big ...
  UC SHIP rates unaffected by Affordable Care Act insurance increasesDaily Bruin
  Offer insurance at federal rateThe Register-Guard
  A guide
  
  Read more

• Health-Insurance Rate Hikes Pinch Those Without Subsidies - WSJ - Wall Street Journal

  07-11-2016 20:44
  
  Wall Street Journal
  Health-Insurance Rate Hikes Pinch Those Without Subsidies - WSJ
  Wall Street Journal
  As consumers begin shopping for health insurance on Affordable Care Act exchanges, rate increases are hitting one group particularly hard: people who make ...and more »
  
  Read more

• Property Damage Reported After 5.0 Mag Quake Hits Oklahoma near Cushing

  07-11-2016 20:02
  
  A 5.0 magnitude earthquake struck Oklahoma on the evening of Nov. 6 near the town of Cushing, an area that has experienced increased seismic activity since 2015, the Oklahoma Geological Survey reported. Several aftershocks, the largest of which was  magnitude 2.6, …
  
  Read more

• Advertisement

• U.S. Enforcing Insurance Law to Help Fight Opioid Abuse - The New ... - New York Times

  07-11-2016 19:18
  
  New York Times
  U.S. Enforcing Insurance Law to Help Fight Opioid Abuse - The New ...
  New York Times
  The move, intended to help fight opioid addiction, forces insurers to provide coverage for drug treatment that is comparable to that for any other medical ...
  US enforcing insurance law to help fight opioid abusePharmacy Today, American Pharmacists Association, pharmacist.comall 32 news articles »
  
  Read more

• NORCAL Mutual to Acquire Kansas-Based PPM Services

  07-11-2016 18:33
  
  PPM Services, the holding company for Preferred Physicians Medical Risk Retention Group Inc. (PPM), has agreed to be acquired by NORCAL Mutual Insurance Co. (NORCAL). Based in Overland Park, Kan., PPM provides medical professional liability insurance for anesthesia practices. The …
  
  Read more

• Illinois Company Recalls Overdose Antidote Device

  07-11-2016 18:14
  
  Ohio’s addictions agency has issued an awareness alert after a company recalled a device used to deliver the drug overdose antidote naloxone. The Department of Mental Health and Addiction Services said the recall by Gurnee, Illinois-based Teleflex Medical does not …
  
  Read more

• Oklahoma Officials, Utility Reach $1M Settlement in House Explosion Case

  07-11-2016 18:11
  
  The Oklahoma Corporation Commission has approved a $1.01 million settlement with a natural gas utility in connection to a January house explosion. Authorities said a faulty weld in a plastic natural gas pipeline led to the Jan. 2 explosion in …
  
  Read more

• Advertisement

• Wisconsin Sees 10% Drop in Written Opioid Prescriptions

  07-11-2016 18:10
  
  A state system to track prescription painkillers in Wisconsin to prevent abuse shows a nearly 10 percent drop in the number of opioid prescriptions written and filled compared to this time last year. Wisconsin’s Controlled Substance Board recently published its …
  
  Read more

• Number of Pedestrian Deaths Rises Dramatically in Houston

  07-11-2016 18:08
  
  The number of pedestrians in Houston who have been struck and killed by cars has spiked this year — already 31 percent higher than the total for all of 2015 — according to police. At least 71 pedestrians have been …
  
  Read more

• Louisiana Man Sentenced for Stealing Sister’s Insurance Settlement

  07-11-2016 18:07
  
  A Lafayette, La., man has been sentenced to nearly 5 years in prison for stealing nearly $1.5 million from an insurance settlement his sister received while she was incapacitated. News outlets report U.S. Attorney Stephanie A. Finley said a federal …
  
  Read more

• Family Awarded $3M in 2011 Ferguson Stun Gun Death Case

  07-11-2016 18:07
  
  A federal jury has awarded $3 million to the family of a naked, unarmed black man who died in 2011 after police in Ferguson used a stun gun on him. Jason Moore’s mother, wife and son alleged in the lawsuit …
  
  Read more

• Man Gets 34-Year Sentence for Arson Fires in South Dakota

  07-11-2016 18:06
  
  A man accused of starting two fires in Madison, S.D., has been ordered to serve 34 years in prison. Authorities say 25-year-old Travis Smith Jr. started fires in the apartment building where he lived and in a convenience store in …
  
  Read more

• Structural damage to buildings in Oklahoma after magnitude 5 quake

  07-11-2016 17:50
  
  Electricity has been restored to almost all of Cushing, about 70 miles northeast of Oklahoma City.
  
  Read more

• Berkshire Hathaway Re/Insurance Profit Falls 30% in Q3 - Insurance Journal

  07-11-2016 17:07
  
  Insurance Journal
  Berkshire Hathaway Re/Insurance Profit Falls 30% in Q3
  Insurance Journal
  Berkshire Hathaway reported a 10.5 percent drop in operating profit for its insurance and reinsurance operations during the third quarter, with underwriting income falling 34 percent. While General Re reported an increase in pretax underwriting income ...
  Berkshire's Insurance Falls on Reinsurance and GEICO in 3QMarket Realistall 53 news articles »
  
  Read more

• Managing risk takes a village

  07-11-2016 17:00
  
  Technology and the global economy are increasing liabilities for policyholders.
  
  Read more

• Berkshire Hathaway Re/Insurance Profit Falls 30% in Q3

  07-11-2016 17:00
  
  Berkshire Hathaway reported a 10.5 percent drop in operating profit for its insurance and reinsurance operations during the third quarter, with underwriting income falling 34 percent. While General Re reported an increase in pretax underwriting income of more than $100 …
  
  Read more

• Judge Refuses to Dismiss Nuclear Plant Lawsuit in Washington

  07-11-2016 16:54
  
  A federal judge has rejected the U.S. Department of Energy’s motion to dismiss a lawsuit filed by Washington state over worker safety issues at the Hanford Nuclear Reservation. U.S. District Court Judge Thomas Rice rejected an Energy Department argument that …
  
  Read more

• Washington Governor Wants Coordinated Earthquake, Tsunami Response Pan

  07-11-2016 16:47
  
  Washington Gov. Jay Inslee is directing several state agencies to work together to prepare for a coordinated plan in case of a catastrophic earthquake and tsunami. Friday’s directive creates a subcabinet group of the Washington Military Department’s Emergency Management Division …
  
  Read more

• New Jersey Woman Sues UMass Over Son’s Fatal Drug Overdose

  07-11-2016 15:18
  
  The mother of a University of Massachusetts Amherst student who died of a heroin overdose has filed a $6 million lawsuit against the school and another student charged with selling her son the drugs. Francesca Sinacori’s suit seeks $5 million …
  
  Read more

• Man Claiming to be Victim Testifies in Penn State Sandusky Case

  07-11-2016 15:06
  
  A man who claims he was the young sexual-assault victim seen with former Penn State assistant football coach Jerry Sandusky in a campus shower 15 years ago, a central episode in the molestation scandal that rocked the university, testified in …
  
  Read more

• New York Subway Escape Alcoves Probed After Accident Killing Worker

  07-11-2016 14:56
  
  A subway train struck two workers in a tunnel early Thursday, killing one and injuring the other, and investigators are looking at whether there’s enough room in the escape alcoves along the tracks. A federal official briefed on the investigation …
  
  Read more

• As cars get safer, why isn't insurance getting cheaper? - CBS News

  07-11-2016 14:40
  
  As cars get safer, why isn't insurance getting cheaper?
  CBS News
  Auto technology is moving ahead faster than a Texas speed limit. Automatic braking prior to an accident, blind-spot warnings in traffic, rear-view cameras and a host of other options now increase the safety of new models. But will these new devices ...and more »
  
  Read more

• Global Indemnity Completes Redomestication to Cayman Islands

  07-11-2016 14:32
  
  Global Indemnity plc has completed its redomestication from Ireland to the Cayman Islands. As previously announced, the name of the new holding company is Global Indemnity Ltd. Global Indemnity Ltd. is registered with the Securities and Exchange Commission under the …
  
  Read more

• Greenberg’s Starr Returns to Court Seeking Damages Over AIG Bailout

  07-11-2016 14:00
  
  U.S. lawyers on Friday urged an appeals court to bless the federal government’s $85 billion bailout of American International Group Inc. At the same time, attorneys for Maurice “Hank” Greenberg are asking the same court to rule that he and …
  
  Read more

• What to know about non-ISO regulated coverages for contractors' professional liability

  07-11-2016 13:58
  
  Despite forms from the Insurance Services Office, contractors' professional liability and pollution policies are custom drafted with varying terms, conditions and approaches to claims handling.
  
  Read more

• Randall & Quilter Forms Run-Off Arrangement for Law Society of Ireland’s PI Fund

  07-11-2016 13:42
  
  Randall & Quilter Investment Holdings Ltd. has entered into an arrangement with the Law Society of Ireland in respect of the run-off obligations of the Solicitors Mutual Defence Fund (SMDF). SMDF was established in 1987 as a mutual fund to …
  
  Read more

• Bains to Step Down as CEO of DUAL; Firm to Be Led by Regional Mgmt Board

  07-11-2016 13:03
  
  Hyperion Insurance Group, the London-based insurance intermediary group, announced that Talbir Bains, CEO and CUO of DUAL Group, the underwriting arm of Hyperion, has decided to step down from his role at the end of January 2017. Bains joined DUAL …
  
  Read more

• Bains to Step Down as CEO of DUAL; Firm to Be Led by Regional Management Board

  07-11-2016 13:03
  
  Hyperion Insurance Group, the London-based insurance intermediary group, announced that Talbir Bains, CEO and CUO of DUAL Group, the underwriting arm of Hyperion, has decided to step down from his role at the end of January 2017. Bains joined DUAL …
  
  Read more

• Training the next generation of construction and insurance professionals

  07-11-2016 13:00
  
  Millennials have surpassed generation X in the U.S. workforce. Here’s some tips for the construction and insurance industries to bring the next generation of workers up to speed.
  
  Read more

• Lloyd’s Gets Approval to Open Reinsurance Branch in India

  07-11-2016 12:42
  
  Lloyd’s of London has secured approval from the Indian regulator, Insurance Regulatory and Development Authority of India (IRDAI), to provide onshore reinsurance services in India. The decision means that the Lloyd’s market is now in a position to set up …
  
  Read more

• Cyber Criminals Steal Money from Nearly 20,000 Customers of UK’s Tesco Bank

  07-11-2016 12:26
  
  Tesco Bank, the lending arm of the U.K.’s biggest grocer, said it suspended online transactions after about 20,000 customers had money fraudulently taken from their accounts. About 40,000 of the bank’s 136,000 checking account holders experienced suspicious transactions over the …
  
  Read more

• China Passes Controversial Cyber Security Law Despite Foreign Business Concerns

  07-11-2016 12:07
  
  China has green-lit a sweeping and controversial law that may grant Beijing unprecedented access to foreign companies’ technology and hamstring their operations in the world’s second-largest economy. The Cyber Security Law was passed by the Standing Committee of the National …
  
  Read more

• China Passes Controversial Cyber Security Law Despite Concerns of Foreign Businesses

  07-11-2016 12:07
  
  China has green-lit a sweeping and controversial law that may grant Beijing unprecedented access to foreign companies’ technology and hamstring their operations in the world’s second-largest economy. The Cyber Security Law was passed by the Standing Committee of the National …
  
  Read more

• Top 10 U.S. reinsurance companies

  07-11-2016 12:00
  
  Reinsurance is big business. For 2015, a total of 26 global reinsurance organizations reported reinsurance net premiums written of $41.5 billion.
  
  Read more

• 10 tips for terminating telephone terror

  07-11-2016 12:00
  
  When the idea of cold calling strikes terror in your heart, try these tips to get you back on track.
  
  Read more

• Navigators Group Reports Net Income Up 21% in Q3

  07-11-2016 09:00
  
  The Navigators Group Inc. reported net income was up 20.9 percent to $22.0 million for the third quarter compared to $18.2 million for the comparable period in 2015. Operating earnings were $21.1 million compared to $20.3 million in 2015. The …
  
  Read more

• Study Links Safe Patient Handling with Decline in Hospital Worker Injuries

  07-11-2016 07:00
  
  Hospitals that implement safe patient handling and moving policies may find these practices associated with fewer injuries among healthcare workers, a small study suggests. Researchers analyzed data on 1,832 patient care providers at two U.S. hospitals – one that started …
  
  Read more

• American Specialty Partners With Arch on Sports, Recreation, Entertainment Programs

  07-11-2016 06:49
  
  Arch Insurance Group, a member of Arch Capital Group Ltd., has formed an exclusive underwriting partnership with American Specialty Insurance and Risk Services, Inc. (a division of Brown & Brown) to offer customized insurance programs for the sports, recreation and …
  
  Read more

• Many Hands Await $151M West Virginia Chemical Spill Payout

  07-11-2016 06:27
  
  After a $151 million settlement was reached in a West Virginia chemical spill that tainted a local water system, the real wait begins for residents and businesses hoping to cash in on the claims process. And for whoever is hired …
  
  Read more

• Mississippi Man Drops Lawsuit over Choking on Popeyes Chicken

  07-11-2016 06:07
  
  A Mississippi attorney has dropped his lawsuit against Popeyes Louisiana Kitchen after he says he choked on a piece of chicken when the fast-food restaurant failed to provide him a knife in the drive-thru. Paul Newton Jr. of Gulfport tells …
  
  Read more

• Mobile Homes On the Way to North Carolina Flood Victims

  07-11-2016 05:39
  
  Families in four North Carolina counties forced from their homes after flooding from Hurricane Matthew could be moving into mobile homes soon. Gov. Pat McCrory said Thursday the Federal Emergency Management Agency approved the help for people displaced from their …
  
  Read more

• U.S. Safety Board Investigating Alabama Colonial Pipeline Accident

  07-11-2016 05:33
  
  The U.S. National Transportation Safety Board said on Friday it had opened an investigation into the Colonial Pipeline Co accident in Helena, Alabama, which killed one worker and seriously injured four others. Colonial’s gasoline pipeline ruptured on Monday during routine …
  
  Read more

• Goldman Sachs, Paulson Settle Fraud Claims by Bond Insurer Over Subprime CDO

  07-11-2016 01:12
  
  Goldman Sachs Group Inc. has settled a 2011 lawsuit claiming the investment bank fraudulently induced a bond insurer to guarantee payments on the doomed Abacus collateralized debt obligation ahead of the financial crisis. ACA Financial Guaranty Corp. claimed Goldman and …
  
  Read more

Follow @Insurance_Newsl on Twitter!