Insurance news

• Denise Baldwin Agency Farmers Insurance - Rapid City Journal

  08-11-2016 23:25
  
  Denise Baldwin Agency Farmers Insurance
  Rapid City Journal
  My name is Denise Baldwin, and I am your local Farmers agent here in Rapid City, SD. I'm here to help you understand your coverage options, and guide you through the process of selecting what option is best for you. Farmers is there for you if you are ...and more »
  
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• Federal Judge Mark Mastroianni orders Bill Cosby's insurance company to defend him in face of 3 civil defamation ... - MassLive.com

  08-11-2016 22:29
  
  MassLive.com
  Federal Judge Mark Mastroianni orders Bill Cosby's insurance company to defend him in face of 3 civil defamation ...
  MassLive.com
  SPRINGFIELD — Bill Cosby's insurance company must defend him in federal court here against three civil defamation lawsuits brought by a total of six women who say they were sexually assaulted by the once-beloved entertainer. The ruling issued Tuesday ...
  
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• A.M. Best Revises Outlooks to Positive for Members of Atain Insurance Companies - Business Wire (press release)

  08-11-2016 22:17
  
  A.M. Best Revises Outlooks to Positive for Members of Atain Insurance Companies
  Business Wire (press release)
  OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has revised the outlook to positive from stable and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” of Atain Specialty Insurance Company (Farmington Hills, ...and more »
  
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• Patriot National Rejects $475 Million Buyout Offer from Ebix

  08-11-2016 20:20
  
  Insurance technology and outsourcing firm Patriot National Inc. said its board of directors has rejected a buyout offer from technology provider Ebix Inc., which sells e-commerce and on-demand software to insurance and financial firms. The Florida-based company said its board …
  
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• The insurance impact of self-driving cars and shared mobility ... - TechCrunch

  08-11-2016 20:00
  
  TechCrunch
  The insurance impact of self-driving cars and shared mobility ...
  TechCrunch
  We're going to see more change in the next five to 10 years than we've seen in the last 50,” said Mary Barra, CEO of General Motors, on record. While..and more »
  
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• IRS Notice 2016-66 Regarding 831(b) Captive Insurance Companies Interpreted In Common English - Forbes

  08-11-2016 19:34
  
  The Hill
  IRS Notice 2016-66 Regarding 831(b) Captive Insurance Companies Interpreted In Common English
  Forbes
  The IRS recently dropped The Big One on the small captive insurance company sector, being captives that have made the election under section 831(b), by way of Notice 2016-66 (you'll note that last three digits are “666″ — who says the IRS doesn't ...
  IRS tightens insurance rule for small businessesThe Hillall 32 news articles »
  
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• Markel International Taps Beazley’s Maher for U.S. Cyber Market in London

  08-11-2016 19:00
  
  Specialist insurer Markel International has appointed Andrew Maher as senior underwriter, emerging risks, within its specialty and financial lines division. Maher’s focus will be on further development and expansion of the division’s cyber offering which will now be offered to …
  
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• Supreme Court Considers Fair Housing Suits by Cities Against Banks

  08-11-2016 18:51
  
  U.S. Supreme Court justices signaled they may divide over the ability of cities to use the Fair Housing Act to sue banks for discriminatory lending practices that contribute to urban blight. Hearing arguments in Washington as the country went to …
  
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• Mississippi City Gets New Storm Shelter

  08-11-2016 18:44
  
  Residents in Saltillo, Miss., are closer to having a large, safe place from storms. A crew from Supercell Shelters, in Decatur, Alabama, delivered the city’s community storm shelter Thursday. The 10-foot wide and 48-foot long arched steel building is designed …
  
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• Former Allianz Exec Mason to Lead New Generali Global Construction Practice

  08-11-2016 18:37
  
  The U.S. branch of Generali Global Corporate & Commercial, a provider of multinational property, casualty, and specialty insurance and part of the global Generali Group, has launched a Global Construction Insurance practice focused on providing builder’s risk coverages. The company …
  
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• Make long-term-care insurance equal portfolio insurance - MarketWatch

  08-11-2016 18:34
  
  MarketWatch
  Make long-term-care insurance equal portfolio insurance
  MarketWatch
  Ken Moraif, CFP, is a senior advisor at Money Matters, a Dallas-based wealth management and investment firm with $3 billion in AUM. The firm works with pre-retirees and retirees, offering estate and tax planning services, retirement plan consulting ...
  
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• Why Oklahoma can't turn off its earthquakes

  08-11-2016 18:32
  
  Sunday night's 5.0 magnitude earthquake that hit Cushing, Okla., raises questions over the state's ability to do anything about the significant rise in earthquakes, which has been linked to oil and gas activity.
  
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• Detroit to Pay $11M to Settle Water Damage Claims of 800 Residents

  08-11-2016 18:20
  
  Months after two severe storms flooded basements on Detroit’s east side, the city’s water department has decided to pay the claims of all residents who aren’t suing it. The Detroit Free Press reports that hundreds of homes were damaged during …
  
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• Corps: Flood Protection Plan for Souris River Could Cost Up to $1B

  08-11-2016 18:17
  
  The Army Corps of Engineers has released a draft environmental impact statement for the proposed Souris River flood protection project in North Dakota’s Ward County and is accepting public comments through Dec. 22. The Minot Daily News reports that the …
  
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• Ransomware Attack Freezes Indiana County’s Computers

  08-11-2016 18:15
  
  A so-called ransomware attack has left police, fire and other government staff in a central Indiana county locked out of their computers. Madison County Commissioner Jeff Hardin tells The Herald Bulletin the county’s voting records and ballots were not affected …
  
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• 10 steps to mitigating drone risks on construction sites

  08-11-2016 18:15
  
  New technology opens up potential exposures for contractors.
  
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• Oklahoma Agency to Limit More Disposal Wells After Oil Hub Earthquake

  08-11-2016 17:55
  
  Oklahoma’s oil and gas regulator plans to shut some disposal wells and reduce the volume of others as its initial response to Sunday’s earthquake near the oil hub of Cushing. “Other plans are being developed that will encompass larger areas” …
  
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• Earth just experienced the hottest 5 years on record

  08-11-2016 17:40
  
  Earth experienced its hottest half-decade on record between 2011 and 2015 and the floods, droughts and storms unleashed by rising temperatures are likely only a prelude to new weather extremes.
  
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• Health insurance premium hikes concern consumers - WBAL Baltimore

  08-11-2016 17:16
  
  Health insurance premium hikes concern consumers
  WBAL Baltimore
  Republicans vow to repeal the law while Democrats, including President Barack Obama, are encouraging the uninsured to sign up. Open enrollment began Nov. 1, and for some people getting coverage is becoming more expensive. Insurance officials said ...and more »
  
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• Tesco Bank’s Cyber Attack Investigated by UK’s National Crime Agency

  08-11-2016 17:15
  
  Britain’s National Crime Agency (NCA) is leading a criminal inquiry into the theft of money from thousands of Tesco Bank accounts that the UK financial watchdog said was unprecedented. New cyber crime agency National Cyber Security Centre (NCSC), a government …
  
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• Wyoming Transit Department Can’t be Sued in Pedestrian Death, Judge Rules

  08-11-2016 17:10
  
  A state judge has ruled that the Wyoming Department of Transportation cannot be held legally responsible for the death of a 7-year-old girl who was struck and killed by an elderly driver last year in Riverton. The parents of Sophia …
  
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• Legal Action Started in Fatal Idaho Trench Collapse

  08-11-2016 17:07
  
  The widow of a man killed in a trench collapse in Boise, Idaho has filed a precursor to a lawsuit against several government agencies. The U.S. Occupational Safety and Health Administration found that a lack of training by Hard Rock …
  
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• USGS: Small Quake Shakes Northern Colorado

  08-11-2016 17:04
  
  U.S. Geological Survey officials confirmed a small earthquake shook a rural area in northern Colorado. Paul Caruso, a geophysicist at the U.S. Geological Survey National Earthquake Information Center in Golden, says scientists don’t expect to see any damage from the …
  
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• Aon beefs up its cyber insurance portfolio - CIO

  08-11-2016 17:03
  
  CIO
  Aon beefs up its cyber insurance portfolio
  CIO
  The risk management firm has acquired Stroz Friedberg, which AON says will help it better meet clients' requirements for managing their responses to cyberattacks. More like this. insurance umbrella protection · What your cyber risk profile tells insurers.
  
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• AmTrust Buys ANV Holdings for $203M – More Than Doubling Its Lloyd’s Presence

  08-11-2016 17:03
  
  AmTrust Financial Services Inc. announced it has completed the acquisition of ANV Holdings B.V. and its affiliates from Ontario Teachers’ Pension Plan for approximately $203 million in cash. During the last 12 months ending September 30, 2016, ANV’s three managed …
  
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• Tips to Save on Homeowners Insurance - Wall Street Journal

  08-11-2016 16:29
  
  Wall Street Journal
  Tips to Save on Homeowners Insurance
  Wall Street Journal
  Living next door to a fire station may not cure your insomnia, but it could lower your homeowners-insurance payments. Proximity to a firehouse is just one variable in determining the cost of insurance coverage that protects your home in the event of a ...
  
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• Scenes from the first day at IRMI 2016

  08-11-2016 16:00
  
  The annual construction risk event opened on Monday in Orlando. Here are highlights from first full day’s events.
  
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• Oklahoma’s Fracking-Linked Earthquakes Raise National Security, Energy Concerns

  08-11-2016 15:39
  
  Sunday night’s 5.0 magnitude earthquake that hit Cushing, Okla., is the latest and, in some ways, the most troubling in a series of temblors that has rocked the Sooner State over the past few years. Not only did it strike within a mile of what is arguably …
  
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• In Raqqa offensive, Kurds seek 'insurance' against Turkish attack - FRANCE 24

  08-11-2016 15:38
  
  FRANCE 24
  In Raqqa offensive, Kurds seek 'insurance' against Turkish attack
  FRANCE 24
  Both Turkey and their Kurdish foes in Syria have argued that they should lead the battle to drive the Islamic State (IS) group out of Raqqa. But the bitter rivals are more concerned with keeping each other in check than tackling the jihadist bastion.and more »
  
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• Connecticut’s Business Risk Partners Hires Bizzoso and Landaverde

  08-11-2016 15:23
  
  Business Risk Partners (BRP), a specialty underwriter and program administrator based in Windsor, Conn., hired Greg Bizzoso as an E&O product manager and team leader for miscellaneous professional liability (MPL) and Annamaria Landaverde as a cyber practice leader for its …
  
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• Feds Say Virginia Prison Guards Tried to Smuggle Drugs in for Gang

  08-11-2016 15:02
  
  Federal authorities say they’ve arrested former prison guards connected to a gang that sells drugs inside Virginia state prisons to help finance its activities. An indictment unsealed Friday alleges a wide-ranging criminal enterprise by members and associates of the Mad …
  
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• Explosion Critically Injures 1 at Delaware Pumpkin Flinging Contest

  08-11-2016 14:56
  
  Delaware State Police say one person has been critically injured after an apparatus used to launch pumpkins into the air exploded. The incident occurred Sunday at the Punkin Chunkin Contest in Bridgeville. The town is about 40 miles south of …
  
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• Jury Awards $3M in Damages Over Rolling Stone Rape Story

  08-11-2016 14:49
  
  A federal court jury on Monday awarded $3 million in damages to a University of Virginia administrator that last week found was defamed by Rolling Stone magazine’s now-retracted story of a gang rape. The 10-person U.S. District Court jury in …
  
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• Recent Cyber Attacks Reveal Dangers, Vulnerabilities of Internet of Things

  08-11-2016 14:08
  
  Recent cyber attacks harnessing everyday devices such as cameras, video recorders, printers, routers and speakers are a wake-up call to the hidden dangers of the Internet of Things. The problem for the device makers, though, is that few are well …
  
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• Takata Suitors Weigh GM Bankruptcy Liability Ruling

  08-11-2016 13:59
  
  As auto supplier Takata Corp. prepares for a possible U.S. bankruptcy filing, potential bidders are poring over a recent U.S. court ruling that could expose a buyer to liability for the company’s defective air bags, sources have told Reuters. Takata …
  
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• RFIB Names Leith-Smith, Penfold & Hawkins, Forming SE Asia Marine Cargo Team

  08-11-2016 13:57
  
  RFIB Group Ltd., the London-based Lloyd’s insurance and reinsurance broker, announced the appointments of Paul Leith-Smith, Giles Penfold and Will Hawkins who will form a new Southeast Asia marine cargo team. The team joins from the broker, Ed, and will …
  
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• State health insurance rates up, but many still lack coverage - Jamestown Sun

  08-11-2016 13:45
  
  Jamestown Sun
  State health insurance rates up, but many still lack coverage
  Jamestown Sun
  From left, Alison Kennison, Victoria Rangel and Becca Klipfel pose Thursday, Nov. 3, at the Jamestown Regional Medical Center. The women work with patients to get the health insurance coverage they need. Katie Fairbanks / The Sun. If you go. What: JRMC ...
  
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• Aon Launches Cyber Risk Mgmt Solution in Response to EU Data Protection Law

  08-11-2016 13:40
  
  Aon plc has launched a risk management solution designed to help organizations prepare for a new data protection law due to come into force on May 25, 2018. The law, known as the EU General Data Protection Regulation, or GDPR, …
  
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• These 13 states have the most homes at risk from wildfires

  08-11-2016 13:00
  
  Last year set a record for amount of acreage destroyed by fire, but 2016 has seen its fair share of destruction.
  
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• More complex construction risks test surety market

  08-11-2016 13:00
  
  Surety bonds are more important than ever for contractors to ensure projects are completed, but it's still a buyer's market.
  
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• How much credit affects your home insurance rate may surprise you - Huffington Post

  08-11-2016 12:53
  
  Huffington Post
  How much credit affects your home insurance rate may surprise you
  Huffington Post
  Credit is playing an increasingly important economic role in Americans' lives these days, and according to a recent study, your credit history can be a major factor in what you pay for home insurance. For the second year in a row, a Quadrant ...and more »
  
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• Understanding the construction management errors and omissions exclusion

  08-11-2016 12:30
  
  Here's what you need to know about the construction management Errors & Omissions exclusion.
  
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• 5 email missteps every online marketer must know

  08-11-2016 12:30
  
  When executed properly, email marketing can grow a business in a very strategic and calculated manner.
  
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• Seabrook employee health insurance premiums rise 21 percent - The Daily News of Newburyport

  08-11-2016 09:01
  
  Seabrook employee health insurance premiums rise 21 percent
  The Daily News of Newburyport
  SEABROOK — It will cost taxpayers half a million dollars more to provide health insurance for its employees, after the town was hit with a 21 percent increase for its premiums. Seabrook pays more than $3 million a year to insure its employees for ...and more »
  
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• UC SHIP rates unaffected by Affordable Care Act insurance increases - Daily Bruin

  08-11-2016 08:00
  
  Daily Bruin
  UC SHIP rates unaffected by Affordable Care Act insurance increases
  Daily Bruin
  Rising fees nationally for Affordable Care Act health insurance plans will not affect premiums for UC Student Health Insurance Plans. (Miriam Bribiesca/Photo editor). Share · Tweet. Increasing prices on health insurance plans under the Affordable Care ...
  Offer insurance at federal rateThe Register-Guard
  A guide to health insuranceThe Herald Bulletin
  It's time for health insurance open enrollmentC
  
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• Pricing Insurance for Autonomous Vehicles - Insurance Journal

  08-11-2016 07:03
  
  Insurance Journal
  Pricing Insurance for Autonomous Vehicles
  Insurance Journal
  “This is a new world for insurers. The industry will need a whole new set of data tools to deal with this.” So says Michael Macauley, CEO of Quadrant Information Services, a supplier of pricing analytics to property/casualty insurance carriers. He is ...
  
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• Pricing Insurance for Autonomous Vehicles

  08-11-2016 07:00
  
  “This is a new world for insurers. The industry will need a whole new set of data tools to deal with this.” So says Michael Macauley, CEO of Quadrant Information Services, a supplier of pricing analytics to property/casualty insurance carriers. …
  
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• J&J Tries to Switch to Court Outside Missouri After $195 Million in Talc Verdicts

  08-11-2016 07:00
  
  After a $67.5 million jury verdict against Johnson & Johnson on Oct. 27 marked its third straight trial defeat in an onslaught of lawsuits claiming its talc-based products cause ovarian cancer, the company is hoping to reverse the trend by …
  
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• J&J Tries to Switch Courts After $195 Million in Verdicts Over Talc Products

  08-11-2016 07:00
  
  After a $67.5 million jury verdict against Johnson & Johnson on Oct. 27 marked its third straight trial defeat in an onslaught of lawsuits claiming its talc-based products cause ovarian cancer, the company is hoping to reverse the trend by …
  
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• Kentucky Reports 800% Increase in Court-Ordered Insurance Restitution Payments

  08-11-2016 06:47
  
  The Fraud Division of the Kentucky Department of Insurance (DOI) announced that it has increased the amount of court-ordered restitution payments this year by more than 800 percent. The increase—from $369,762 in 2015 to more than $3 million this year—accompanies …
  
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