Insurance news

• John Hancock stops selling new long-term care insurance - The ... - The Boston Globe

  10-11-2016 21:12
  
  InvestmentNews
  John Hancock stops selling new long-term care insurance - The ...
  The Boston Globe
  John Hancock Financial is retreating from the long-term-care insurance market announcing on Thursday that it will stop selling new policies starting in ...
  John Hancock ceases sales of traditional long-term-care insurance ...InvestmentNews
  John Hancock to Stop Selling Long Term Care InsuranceFedSmith.comall 9 news articles »
  
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• Costco Credit Card Switch Came With Unexpected Side Effect: Lost Insurance - The Consumerist

  10-11-2016 19:21
  
  The Consumerist
  Costco Credit Card Switch Came With Unexpected Side Effect: Lost Insurance
  The Consumerist
  Sacramento CBS reports (warning: link contains video that autoplays) that shortly after Costco switched from AmEx to Visa in June, an elderly couple was notified that their American Express Accident Guard Insurance – which would have provided ...
  
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• Oklahoma Orders the Shut Down of More Disposal Wells

  10-11-2016 18:52
  
  The 5.0 magnitude earthquake that occurred near Cushing, Oklahoma on Nov. 6 has prompted state oil and gas regulatory officials to order the shutdown of more underground wastewater disposal wells in the surrounding area. The number of earthquake in Oklahoma …
  
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• TWIA: Agents Approve 18K Policies for Transfer to Depopulation Program

  10-11-2016 18:40
  
  The Texas Windstorm Insurance Association (TWIA) announced the passage of an important milestone in its Assumption Reinsurance Depopulation Program (Assumption program): agents have approved 18,000 policies for possible transfer from TWIA to participating private market insurers. The agent review period concluded …
  
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• Medical Marijuana OK’d in Conservative Arkansas, but Fights Remain

  10-11-2016 18:32
  
  Arkansas voters handed marijuana advocates a significant victory by passing a measure that would legalize the drug for medical use, but groups on both sides of the issue are now gearing up for fights over how to set up the …
  
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• Suburban Chicago School District Settles Hazing Lawsuit for $1M

  10-11-2016 18:25
  
  Five former students of a suburban Chicago high school will receive $1 million to settle a lawsuit filed in connection with hazing allegations. Officials of Maine Township High School District 207 say they and plaintiffs’ attorney Antonio Romanucci agreed to …
  
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• Arthur J. Gallagher Acquires Michigan’s Regency Group

  10-11-2016 18:24
  
  Arthur J. Gallagher & Co. has acquired the Regency Group (Regency), a wholesale insurance broker and program administrator located in East Lansing, Michigan. Terms of the transaction were not disclosed. Established in 1981, Regency provides group and large firm self-insured, workers’ …
  
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• County in Iowa to Pay $30K to Man Who Scuffled with Deputy

  10-11-2016 18:23
  
  Officials in Iowa’s Black Hawk County have agreed to pay $30,000 to a man who scuffled with an off-duty sheriff’s deputy after a traffic dispute. The Waterloo-Cedar Falls Courier reports the county’s board of supervisors voted unanimously to pay the …
  
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• Kinsale Launches D&O Product for Private Companies/Organizations

  10-11-2016 18:11
  
  Kinsale Insurance Company, Inc. has released a new private company/organization directors & officers product. The Kinsale Management Liability team will consider the coverage on a stand-alone basis or packaged with our employment practices liability and fiduciary liability products. Coverage is …
  
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• Which Of Nine Safety Technologies Will Save You Money On Car Insurance? And How Much? - Forbes

  10-11-2016 18:00
  
  Forbes
  Which Of Nine Safety Technologies Will Save You Money On Car Insurance? And How Much?
  Forbes
  Volvo's Blind Spot Information System warns a driver using a light when an object is in the blind spot. (Credit: Volvo Cars USA). by Cheryl Jensen. As we hurtle down the road toward the inevitability of autonomous vehicles, many newer models on today's ...
  
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• VW accused of concealing emissions cheating in Audi gas cars

  10-11-2016 17:52
  
  Volkswagen's plot to cheat emissions tests by installing so-called defeat devices in its vehicles wasn’t limited to diesel cars, but also included at least six models of Audi 3.0-liter gasoline engines, according to a consumer lawsuit.
  
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• Voters in Colorado Reject Universal Healthcare Measure

  10-11-2016 16:22
  
  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 dramatic overhauls to …
  
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• 5 Boys Charged with Arson in Connecticut Fires

  10-11-2016 15:44
  
  Authorities say five boys have been arrested in connection with two fires in Norwich last month. Police say four 13-year-olds and a 12-year-old face charges that include second-degree arson and first-degree criminal mischief. Police say the most recent blaze happened …
  
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• What Happens When Golf Carts Hit the Streets

  10-11-2016 15:38
  
  At retirement communities from California to Florida, golf carts have become a way of life. They’re energy-efficient, cheaper to buy and maintain than regular cars, and, seniors say, fun to drive. For many, they’re the main way to get from …
  
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• Massive Fire Engulfs Building at Former New York Steel Mill Site

  10-11-2016 15:28
  
  A major blaze is burning at the former Bethlehem Steel site outside Buffalo. Firefighters responded around 7:30 a.m. Wednesday to reports of a fire at the industrial site in the city of Lackawanna, just south of Buffalo. WGRZ-TV reports explosions …
  
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• NYSIF Creates Producers’ Advisory Council, Appoints 3 from IIABNY

  10-11-2016 15:20
  
  The New York State Insurance Fund (NYSIF) has created a producers’ advisory council and appointed three Independent Insurance Agents & Brokers of New York (IIABNY) members to serve on the council. Jack Smith, Jr., CPCU, ARM, CIC, of William A. …
  
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• P/C Insurance Execs See Growth Coming from Technology Innovation, New Products - Insurance Journal

  10-11-2016 15:10
  
  Insurance Journal
  P/C Insurance Execs See Growth Coming from Technology Innovation, New Products
  Insurance Journal
  Technology innovation will provide the biggest growth opportunities for reinsurers in the year ahead, according to a survey by Guy Carpenter & Co. The annual survey polled executives from insurance and reinsurance companies during the 2016 Property ...
  
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• P/C Insurance Execs See Growth Coming from Technology Innovation, New Products

  10-11-2016 15:08
  
  Technology innovation will provide the biggest growth opportunities for reinsurers in the year ahead, according to a survey by Guy Carpenter & Co. The annual survey polled executives from insurance and reinsurance companies during the 2016 Property Casualty Insurers Association …
  
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• Hurricane Matthew Could Cost US & Caribbean Economies $15B: Aon Benfield

  10-11-2016 14:57
  
  Hurricane Matthew, which swept through parts of the Caribbean and United States, had total economic losses of up to US$15 billion, according to Impact Forecasting, Aon Benfield’s catastrophe model development team. In the U.S., economic losses (or non-insured losses) from …
  
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• Hub Acquires Assets of Massachusetts Based DFM Insurance Agency

  10-11-2016 14:51
  
  Global insurance brokerage Hub International Limited (Hub) has acquired certain assets of Luk-Sal LLC, doing business as DFM Insurance Agency and based in Cape Cod, Mass. Terms of the acquisition were not disclosed. The acquired assets are set to expand the …
  
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• Fitch Assesses Election Impact on Health Insurance Market

  10-11-2016 14:44
  
  The election that saw Donald Trump win the presidency and the Republican Party retain control of both houses of congress will significantly increase the probability of the repeal and replacement of the Affordable Care Act (ACA), says Fitch Ratings. Repeal …
  
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• Judge Rules AIG Must Defend Bill Cosby in Defamation Claims

  10-11-2016 14:23
  
  A federal judge said Bill Cosby’s homeowner’s insurance company must defend him against three civil defamation lawsuits in Massachusetts brought by several women who accused the once-beloved entertainer of sexual abuse. In a decision on Tuesday, U.S. District Judge Mark …
  
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• Top 10 metro areas for auto thefts with keys

  10-11-2016 14:00
  
  In 2015, there was a auto theft every six-and-a-half minutes where the driver left the keys or fob inside.
  
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• Builders risk insurance: 8 things you need to know

  10-11-2016 13:00
  
  If you're a contractor or building owner you may need builders risk insurance. Here are eight things to know about the coverage.
  
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• Trump victory's impact on benefits, health insurance: What's next for employers?

  10-11-2016 12:45
  
  How will Trump kill the ACA and take care of those who have gained coverage through the law? Will he offer incentives for parental leave? Will he 'pause' or kill regulations? A benefits expert considers the future.
  
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• 4 ways to improve your digital presence

  10-11-2016 12:45
  
  With so much focus on in-person appointments, insurance agents often treat their digital lives as an afterthought.
  
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• Guy Carpenter Launches Updates to MetaRisk Capital Modeling Tools

  10-11-2016 12:06
  
  Guy Carpenter & Co. announced the launch of MetaRisk Reserve 5 and MetaRisk 9, the latest updates to its suite of capital modeling tools. MetaRisk Reserve 5 adds a rich application program interface (API) that embeds within each client’s existing …
  
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• Using telematics to improve driver performance in the construction industry

  10-11-2016 12:00
  
  An increase in the frequency and severity of commercial vehicle crashes has prevented construction and other companies from fully profiting from the economic turnaround.
  
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• African Demand for Political & Trade Credit Cover Rises Ahead of Kenya Elections

  10-11-2016 11:48
  
  African Trade Insurance Agency, an insurer covering political and trade credit risk across 13 nations, said it’s seeing higher demand ahead of elections in Kenya next year. East Africa’s biggest economy is still haunted by sectarian violence that erupted after …
  
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• XL Catlin Appoints Luck as President of Global Excess Casualty Business

  10-11-2016 11:25
  
  XL Catlin has appointed Barbara Luck as president of its Global Excess Casualty business, promoted from her current role as chief underwriting officer of XL Catlin’s Global Risk Management business. Assuming her new leadership role on Dec. 1, Luck will report to Joe Tocco, …
  
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• Arthur J. Gallagher Buys London-Based Employee Benefits Firm, Argentis

  10-11-2016 10:56
  
  Arthur J. Gallagher & Co. announced the acquisition of Argentis, based in London, England. Terms of the transaction were not disclosed. Founded in 2005, Argentis is a financial planning and employee benefits consultant that provides benefit and wealth management services to private …
  
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• Global Fight Against Climate Change to ‘Suffer a Blow’ from Trump Victory

  10-11-2016 10:18
  
  The global fight against climate change will suffer a blow from Donald Trump’s victory in the U.S. presidential election, threatening the industries working to clean up pollution from fossil fuel. The next president has questioned the science of climate change, …
  
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• North Carolina City to Pay $6M to Man Wrongfully Incarcerated for 17 Years

  10-11-2016 07:04
  
  The city of Greensboro, N.C., will pay $6 million to a man imprisoned for 17 years for a murder he didn’t commit. The News & Record of Greensboro reports the city agreed Oct. 21 to pay the money to 66-year-old …
  
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• Mississippi Judge Throws Out Unlawful Termination Award Against Jackson State

  10-11-2016 06:57
  
  A judge in Mississippi has thrown out a $107,100 judgment against Jackson State University stemming from an unlawful termination lawsuit filed by the school’s former head trainer. The Clarion-Ledger reports U.S. District Judge Henry Wingate on Oct. 28 threw out …
  
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• U.S. Supreme Court Declines to Review Challenge to Florida Workers’ Comp System

  10-11-2016 06:45
  
  The United States Supreme Court has refused to review a Florida case challenging the state’s entire workers’ compensation system, which could be seen as the state’s only reprieve on workers’ comp this year. The Court’s Oct. 31 decision without comment …
  
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