Insurance news

• What does a Trump presidency mean for the P&C industry?

  09-11-2016 21:36
  
  Here are some thoughts about what a Trump presidency, coupled with a Republican Congress, could mean for the property and casualty insurance industry.
  
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• Arthur J. Gallagher Acquires Altman & Cronin Benefit Consultants in California

  09-11-2016 21:14
  
  Arthur J. Gallagher & Co. has acquired Altman & Cronin Benefit Consultants LLC in San Francisco, Calif. Terms of the deal were not disclosed. Ian Altman and his colleagues will continue to operate from their San Francisco location under the …
  
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• Gray Joins National E&S in California as Environmental Wholesale Broker

  09-11-2016 20:12
  
  Jeff Gray has rejoined National E&S as an environmental wholesale broker. Gray specializes in hard to place risks, including construction risks, restoration contractors, environmental risks and hazmat trucking risks. He was previously with National E&S as a broker from 2003 …
  
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• Voters choose state insurance commissioners

  09-11-2016 19:11
  
  Voters may have replaced one Democratic insurance commissioner today and re-elected another.
  
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• Arkansas Company Fined Nearly $125K for Repeat Workplace Hazards

  09-11-2016 18:49
  
  Federal safety officials have cited Bekaert Corp. in Van Buren, Arkansas, after an employee suffered an amputation while trying to untangle moving wire at an Arkansas facility that manipulates and coats steel products. An inspection by Occupational Safety and Health Administration …
  
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• Florida Plastic Recycler to Pay $424K in Back Wages to Workers

  09-11-2016 18:44
  
  The U.S. Department of Labor says a Florida plastic recycler will pay $424,537 in back wages to 195 employees for violating overtime and record-keeping provisions of the Fair Labor Standards Act. In a news release issued Monday, the agency says …
  
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• Medical Care Readily Accessible for Injured Employees in Texas, Study Shows

  09-11-2016 18:39
  
  Access to medical care for injured workers has greatly improved in Texas over the past 15 years, a study commissioned by the Texas Department of Insurance shows. A September 2016 study by TDI’s Research and Evaluation Group (REG) found that …
  
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• Oklahoma Firm Partnering with NOAA on Hurricane Forecasting, Damage Assessment

  09-11-2016 18:30
  
  Cherokee Nation Technologies has entered a partnership to support hurricane forecasting and damage assessment. The collaborative effort between Cherokee Nation along with the National Oceanic and Atmospheric Administration and NASA has been using an unmanned aircraft to fly above several …
  
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• Columbus, Ohio, to Pay Homeowners $37K for Damage from 2015 Blast

  09-11-2016 18:28
  
  Columbus, Ohio, has agreed to pay more than $37,000 to the owners of one of more than two dozen homes damaged last year when a home exploded after a gas leak. The Columbus Dispatch reports City Council members approved the …
  
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• Godfread to Become North Dakota’s Next Insurance Commissioner

  09-11-2016 18:23
  
  Republican Jon Godfread has won the election for insurance commissioner in North Dakota. He will replace Adam Hamm who did not seek re-election. Godfread won with 64.4 percent of the vote, according to the North Dakota Secretary of State’s office. …
  
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• Scenes from the second day at IRMI 2016

  09-11-2016 18:00
  
  The 2016 Construction Risk Conference continued yesterday in Orlando. Here are highlights from the second day.
  
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• In American Modern’s ‘Most Confident Agent’ Campaign, Learning Goes Both Ways

  09-11-2016 17:59
  
  An Ohio-based property/casualty insurer experimenting with gamification to educate agents on its specialized products and services is finding that it is learning a lot about its agent force in the process. American Modern Insurance Group, in the final stages of its …
  
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• Is it one ‘occurrence’ or many?

  09-11-2016 17:49
  
  An emerging trend: treating each alleged defect within a single construction defect suit as a separate occurrence.
  
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• Insurers for Oregon Homeowners to Pay in Settlement of Tree Cutting Case

  09-11-2016 16:55
  
  Two Gresham, Ore. couples have agreed to pay $135,000 to settle a lawsuit accusing them of cutting down or damaging dozens of protected trees to improve the views from their homes. The Oregonian/OregonLive reported court documents released this week show …
  
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• Delaware Elects Navarro as Insurance Commissioner

  09-11-2016 16:53
  
  Delaware has elected New Castle County Sheriff, Trinidad Navarro, as its next insurance commissioner. Navarro won the race against Republican Jeff Cragg and is set to succeed Commissioner Karen Weldin Stewart. “For too long, Delaware insurance consumers have not had …
  
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• Rosendale Leads Laslovich for Montana Insurance Regulator Office

  09-11-2016 16:40
  
  Republican Matt Rosendale was well ahead of Democratic challenger Jesse Laslovich in the race for the Office of the Montana state Auditor, Commissioner of Securities and Insurance with votes still being counted in that state as of Wednesday morning. Rosendale …
  
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• Washington Commissioner Elected for Fifth Term

  09-11-2016 16:28
  
  Incumbent Mike Kreidler (D) will serve a fifth term as Washington’s insurance commissioner. Kreidler defeated Richard Schrock (R) with 60.13 percent of the vote in his bid for reelection. Schrock got 39.87 percent of the vote. Kreidler more than matched his performance in the …
  
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• How to motivate employees to work toward agency profits

  09-11-2016 16:00
  
  Here's how to achieve agency profits while having fun.
  
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• Earth’s Temperatures Hit Record Highs Between 2011 and 2015

  09-11-2016 15:38
  
  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, the World Meteorological Organization said. As delegates from almost 200 …
  
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• China’s Cyber Security Law Could Hamper Foreign Business: P/C Industry Reps

  09-11-2016 15:22
  
  China’s new wide-ranging cyber security law is drawing some serious apprehension from the U.S. property/casualty insurance industry. Trade associations and experts alike caution that it will create business obstacles in the world’s second-largest economy. “Most insurers already find China a …
  
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• EPA Authorizes $1.8M to Remove Unsafe Liquids From 2 Connecticut Industrial Sites

  09-11-2016 15:21
  
  Federal environmental regulators say they’re trying to contain and remove as much as 200,000 gallons of dangerous liquid chemicals and compounds found in storage tanks at two abandoned industrial properties in Waterbury. The U.S. Environmental Protection Agency tells the Republican-American it …
  
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• Massachusetts Student Says Northeastern Mishandled Sex Assault Complaint

  09-11-2016 15:11
  
  A Northeastern University student who says she was raped on campus after a 2013 Halloween party alleges in a lawsuit that the school mishandled her case. Morgan Helfman alleges negligence, breach of contract, intentional infliction of emotional distress and other …
  
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• Pennsylvania Files Consumer Protection Lawsuit Against Nursing Home Company

  09-11-2016 15:09
  
  A company with 11 skilled nursing homes in Pennsylvania doesn’t have enough staff to provide basic patient care – and faked it when state Department of Health inspectors were around, the state attorney general said in a consumer protection lawsuit …
  
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• California orders State Farm to reduce homeowners' and renters' rates

  09-11-2016 15:00
  
  The insurer had requested an increase of 6.9 percent, but will now have to cut rates for dwelling insurance by an average of 7 percent.
  
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• Chubb Launches Liability Coverage Suite to Protect Family Offices in Canada 

  09-11-2016 14:38
  
  Chubb has launched a new suite of insurance coverages to help family offices* manage their liability exposures. Called the “Family Office Amplifier,” Chubb said the product addresses “the wide spectrum of family office risks including professional liability, trustee liability and …
  
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• What Happens to Civil Lawsuits Filed Against President-Elect Trump?

  09-11-2016 14:02
  
  If Donald Trump is elected, before he’s sworn in as President on Jan. 20 he’ll face a different kind of swearing in that few Commanders in Chief have experienced: that of a trial witness in one of the many open civil …
  
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• Home-Share Site Airbnb Loses Round in Fight Against City Regulations

  09-11-2016 13:50
  
  Airbnb Inc.’s claim that it’s just a conduit for user-generated content was rejected by a judge who said the company may not be able to duck a San Francisco law punishing it when hosts book units that aren’t registered with …
  
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• SCOR Moves a Step Closer to Opening a Branch Office in India

  09-11-2016 13:48
  
  The Insurance Regulatory and Development Authority of India (IRDAI) has granted SCOR an “R2 authorization,” which allows the group to open a composite branch office in India to conduct life and P/C reinsurance business. SCOR will open the branch office …
  
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• President Trump Expected to Target Immigration, Taxes, Trade, Affordable Care Act

  09-11-2016 13:28
  
  Donald Trump’s surprise election Tuesday as U.S. president means the repudiation of Barack Obama’s legacy and a strong likelihood Republicans will undo many of his accomplishments, including Obamacare and trade deals, and seek tax cuts for the rich. While Trump …
  
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• 11 companies lead the J.D. Power Auto Claims Satisfaction study

  09-11-2016 13:00
  
  Digital channels still can’t replace human interaction during the claims process
  
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• The no-fail lead-generation system

  09-11-2016 12:15
  
  Follow this step-by-step, no-fail system to generate prospects and leads to fill your pipeline.
  
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• Why do construction wrap-up policies exist?

  09-11-2016 12:00
  
  The opportunity to purchase a wrap-up extends to virtually any size project and segment of the construction industry.
  
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• Tesco Reveals $3M Was Stolen from 9,000 Customers in Recent Cyber Bank Theft

  09-11-2016 11:25
  
  Retailer Tesco Plc’s banking arm said on Tuesday that 2.5 million pounds ($3 million) had been stolen from 9,000 customers over the weekend in what cyber experts said was the first mass hacking of accounts at a western bank. Tesco …
  
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• Colorado Rejects Single Payer Healthcare Insurance - Forbes

  09-11-2016 06:57
  
  Forbes
  Colorado Rejects Single Payer Healthcare Insurance
  Forbes
  Colorado voters dealt a blow to single payer health insurance, a controversial ballot initiative that would have provided medical coverage to all state residents through a payroll tax. The idea was backed by progressives, but opposed by the business ...
  Colorado voters reject statewide universal health insurance programRaw Story
  Colorado Rejects Single-Payer Health Insurance MeasureKaiser Health Newsall 22 news articles 
  
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• Agency Owner Causey Defeats Goodwin in North Carolina Commissioner Race

  09-11-2016 06:02
  
  North Carolina Insurance Commissioner Wayne Goodwin, a Democrat, was narrowly defeated yesterday by his Republican opponent Mike Causey. Goodwin has served as North Carolina Insurance Commissioner since 2009. Causey, an insurance agency owner, won by nearly 39,000 votes, according to …
  
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• Alabama Man Accused of Robbing 10 Businesses in 8 Days

  09-11-2016 05:00
  
  A Montgomery, Ala., man has been arrested and is accused of robbing 10 different businesses at gunpoint in the span of eight days. Montgomery police tell news outlets that DeGregory Lee was arrested Nov. 3 and is charged with 16 …
  
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• Colorado voters reject statewide universal health insurance program - Raw Story

  09-11-2016 04:51
  
  Raw Story
  Colorado voters reject statewide universal health insurance program
  Raw Story
  Colorado voters rejected a ballot measure on Tuesday to create the nation's first statewide universal health insurance program, according to local NBC News affiliate 9News. The proposition, called Amendment 69, would have created one of the most ...
  Colorado Rejects Single-Payer Health Insurance MeasureKaiser Health Newsall 19 news articles »
  
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• NC Insurance Commissioner: Republican Mike Causey leads incumbent Wayne Goodwin - News & Observer

  09-11-2016 03:08
  
  NC Insurance Commissioner: Republican Mike Causey leads incumbent Wayne Goodwin
  News & Observer
  Republican challenger Mike Causey had a razor-thin lead over incumbent Democrat Wayne Goodwin in early returns. The incumbent. Democrat Wayne Goodwin is seeking his third term as N.C. Insurance Commissioner. The challengers. Republican Mike ...
  
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• Safety Features On New Cars Not Translating To Insurance Discounts - CBS Local

  09-11-2016 03:05
  
  CBS Local
  Safety Features On New Cars Not Translating To Insurance Discounts
  CBS Local
  KCBS_740 SAN FRANCISCO (KCBS) — New cars have many more safety features than models from even four or five years ago, but those slick new devices won't get you much of a break on the price of your auto insurance. Traditionally, our car insurance ...
  
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• Father, son sentenced to jail for auto insurance fraud - Sacramento Bee

  09-11-2016 01:51
  
  Father, son sentenced to jail for auto insurance fraud
  Sacramento Bee
  A father and son have been sentenced to jail after pleading no contest to auto insurance fraud. Harpreet Singh and his father, Satnam Singh, pleaded no contest to felony auto insurance fraud and to a misdemeanor offense of making a false report to police.and more »
  
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• How to navigate choosing health insurance — at work or on your own - The Tennessean

  09-11-2016 01:39
  
  The Tennessean
  How to navigate choosing health insurance — at work or on your own
  The Tennessean
  Let this sink in: Getting a flat tire is more attractive to 26 percent of people than reviewing insurance benefits, according to a UnitedHealthcare survey. A quarter of people would rather file their income taxes than choose an insurance plan, the ...
  
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• California Commissioner Orders State Farm to Reduce Homeowner Rates

  09-11-2016 00:58
  
  California Insurance Commissioner Dave Jones on Tuesday issued a decision requiring State Farm Insurance Co. to reduce its dwelling insurance rates by an average of 7.0 percent, resulting is $78.6 million in annual savings for California policyholders. State Farm requested …
  
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• Agency to help Cushing victims with insurance questions after large earthquake - kfor.com

  09-11-2016 00:49
  
  kfor.com
  Agency to help Cushing victims with insurance questions after large earthquake
  kfor.com
  CUSHING, Okla. – The Oklahoma Insurance Department says it is reaching out to residents following a 5.0 magnitude earthquake that damaged property and rattled nerves. On Sunday evening, the U.S. Geological Survey recorded a 5.0 magnitude ...and more »
  
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• CEO of UK-based Admiral Group touts Henrico subsidiaries Elephant Insurance, compare.com during visit - Richmond.com

  09-11-2016 00:31
  
  Richmond.com
  CEO of UK-based Admiral Group touts Henrico subsidiaries Elephant Insurance, compare.com during visit
  Richmond.com
  David Stevens (right) CEO of Elephant Insurance's British parent company, Admiral Group, talks with Elephant employees at Elephant's Henrico office.From left: Rebecca VanderBush, Jaleel Young, and Marcus Jones. Nov. 8, 2016.
  
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