Insurance news

• Airbnb – is it covered by your insurance? - Napa Valley Register

  16-11-2016 23:49
  
  Napa Valley Register
  Airbnb – is it covered by your insurance?
  Napa Valley Register
  Bruce Sackrison is a Napa Valley Register columnist who will write about property and casualty insurance matters. prev. next. Maybe. But maybe not. More and more of my customers and friends are asking this question. Many of them are opening their homes ...
  
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• Don't just junk Obamacare, insurance commissioner urges - DesMoinesRegister.com

  16-11-2016 23:39
  
  DesMoinesRegister.com
  Don't just junk Obamacare, insurance commissioner urges
  DesMoinesRegister.com
  Congress shouldn't rush to repeal the Affordable Care Act before carefully creating an alternative, Iowa's insurance commissioner said this week. Nick Gerhart agrees with many fellow Republicans that there are deep flaws in the law, also known as ...
  Selling health insurance across state lines is a favorite GOP 'reform.' Here's why it makes no senseLos Angeles Times
  'Trumpcare': Kicking 22 m
  
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• William K. Keenan, insurance manager, dies - Baltimore Sun

  16-11-2016 22:40
  
  Baltimore Sun
  William K. Keenan, insurance manager, dies
  Baltimore Sun
  Mr. Keenan, a Baltimore native, served in the Army in Korea and attained the rank of staff sergeant. William Kearney Keenan, an independent insurance agent who managed Zurich Insurance's Baltimore branch, died of an apparent heart attack Sunday at his ...and more »
  
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• Man receives $8K in phony insurance claim, cops say - lehighvalleylive.com

  16-11-2016 21:18
  
  lehighvalleylive.com
  Man receives $8K in phony insurance claim, cops say
  lehighvalleylive.com
  A Moore Township man was paid out more than $8,000 in a phony insurance claim for an ATV he reported stolen, according to the Northampton County District Attorney's Office. Charged is Brian Butz, 49, of the 2000 block of East Scenic Drive. Detectives ...
  
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• Drone Insurance: Do You Need It? - Fortune - Fortune

  16-11-2016 21:16
  
  Fortune
  Drone Insurance: Do You Need It? - Fortune
  Fortune
  Coverage for drone collisions may be a good idea. If a drone is on your holiday shopping list, be sure to check your insurance coverage before you crack open ...and more »
  
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• Do you need insurance for your drone? | Reuters - Reuters

  16-11-2016 21:16
  
  Reuters
  Do you need insurance for your drone? | Reuters
  Reuters
  If a drone is on your holiday shopping list, be sure to check your insurance coverage before you crack open that instruction manual and take flight.and more »
  
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• Do you need insurance for your drone? - Reuters

  16-11-2016 21:16
  
  Reuters
  Do you need insurance for your drone?
  Reuters
  A drone, made by CyPhy Works, carries a UPS package on Children's Island off the coast of Beverly, Massachusetts, U.S. September 22, 2016. REUTERS/Brian Snyder. By Beth Pinsker | NEW YORK. NEW YORK If a drone is on your holiday shopping list, ...and more »
  
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• Do You Need Insurance For Your Drone? - Fortune

  16-11-2016 21:16
  
  Fortune
  Do You Need Insurance For Your Drone?
  Fortune
  If a drone is on your holiday shopping list, be sure to check your insurance coverage before you crack open that instruction manual and take flight. Damage from a drone is a bit more complicated than handing your kid a baseball and dealing with the ...and more »
  
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• Around the P&C insurance industry: Nov. 16, 2016

  16-11-2016 21:15
  
  News from USI Insurance, Arthur J. Gallagher, Marsh and more.
  
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• Retired teachers, MCS staff will pay more for insurance - Muncie Star Press

  16-11-2016 20:44
  
  Muncie Star Press
  Retired teachers, MCS staff will pay more for insurance
  Muncie Star Press
  MUNCIE, Ind. — Muncie Community Schools has changed insurance for as much of its staff as possible outside of negotiations with the Muncie Teachers Association. The board voted Tuesday to lower the amount of money it contributes in 2017 to its ...
  
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• SUV craze shows no signs of slowing

  16-11-2016 20:32
  
  For more and more consumers, the decision to buy a new car quickly becomes a choice to buy some kind of sport utility vehicle.
  
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• Maine health insurance co-op stems losses in third quarter - Press Herald

  16-11-2016 20:30
  
  Maine health insurance co-op stems losses in third quarter
  Press Herald
  Community Health Options saw losses of $3.3 million from July through September versus $17.3 million over the same period last year. Staff report. Share. facebook · tweet · email. print Comment. Read Article. Community Health Options, a Lewiston-based ...
  
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• Wealthiest nations see terror attacks creep to 11-year high

  16-11-2016 20:18
  
  The trend reflects high-income countries’ failure to address the long-term socio-economic factors that inspire far-right wing and Islamic fundamentalist attackers.
  
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• Uber Litigator Explains Insurance Coverage, Defends Background Checks - Claims Journal

  16-11-2016 19:36
  
  Uber Litigator Explains Insurance Coverage, Defends Background Checks
  Claims Journal
  Launched six years ago, the goal of Uber is to provide reliable transportation to everyone, everywhere. Uber is currently in 596 cities and dealing with global regulations requires an insurance product that is diverse and fluid, according to Kathleen ...and more »
  
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• Hurricane Matthew devastated Haiti - but the country is getting help from a 'tropical cyclone' insurance policy - Business Insider

  16-11-2016 19:33
  
  Business Insider
  Hurricane Matthew devastated Haiti - but the country is getting help from a 'tropical cyclone' insurance policy
  Business Insider
  Boys stand next to their destroyed home after Hurricane Matthew hit Jeremie, Haiti, October Boys stand next to their destroyed home after Hurricane Matthew hit Jeremie, Haiti. Thomson Reuters. MARRAKECH, Morocco – One month after Hurricane Matthew ...
  
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• Felony Charges for California Pair in $250K Classic Car Theft Claim

  16-11-2016 19:18
  
  Two people from California were arrested on a scheme allegedly involving the reported theft of an expensive classic car. Constantine Petros, 54, of Petaluma, was arrested on Oct. 19 in Sonoma County. Also arrested was Christopher Hatton, 60, of Tahoma, …
  
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• Shortfalls grow for the insurance fund protecting millions of pensions - Washington Post

  16-11-2016 19:06
  
  Washington Post
  Shortfalls grow for the insurance fund protecting millions of pensions
  Washington Post
  The struggles continue for the insurance fund backing millions of multiemployer pension plans, according to a government report released Wednesday. The Pension Benefit Guaranty Corp., which insures private pensions, said it is $58.8 billion short of ...and more »
  
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• Arch Launches New Network Security & Privacy Products

  16-11-2016 18:58
  
  Arch Insurance Group, a division of Arch Capital Group Ltd., has launched a new network security & privacy product. The new Arch Netsafe 2.0 is designed to protect a company’s liability to third parties and their own business income and …
  
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• The Importance of Life Insurance for Lost Income - Investopedia

  16-11-2016 18:53
  
  Investopedia
  The Importance of Life Insurance for Lost Income
  Investopedia
  Coping with the loss of a loved one is difficult enough itself. When you compound the death without enough financial resources – whew – that's tough. I've witnessed the devastation of these situations both emotionally and financially on family, friends ...
  
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• North Carolina Gov Seeking $1B in Federal Aid for Matthew Recovery

  16-11-2016 18:48
  
  North Carolina Gov. Pat McCrory wants Congress to approve a little more than $1 billion in federal aid to help North Carolina with repairs and recovery after Hurricane Matthew’s record flooding last month. On Monday, McCrory released his requests for …
  
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• Velocity Risk to Write Texas Coastal Wind-Only Homeowners Policies

  16-11-2016 18:28
  
  Nashville, Tenn.-based Velocity Risk Underwriters announced it is offering coastal wind-only homeowners insurance policies for customers that may otherwise be insured in the Texas Windstorm Insurance Association (TWIA). Velocity’s homeowners program is rated “A” by A.M. Best. The company is partnering …
  
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• Josh Kushner's Health-Insurance Start-up Is Still Bleeding Money ... - Vanity Fair

  16-11-2016 18:27
  
  Vanity Fair
  Josh Kushner's Health-Insurance Start-up Is Still Bleeding Money ...
  Vanity Fair
  And Jared Kushner's father-in-law is threatening to make things worse.and more »
  
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• Lloyd’s Names Former Generali Exec, Vagnone, as Strategy & Change Director

  16-11-2016 18:25
  
  Lloyd’s announced that Paolo Vagnone has been appointed to the newly created role of Strategy & Change director. Vagnone will lead the teams responsible for the development of Lloyd’s strategy as well as the management of major change projects. He …
  
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• 18 Passengers File Suit Over American Airlines Plane that Caught Fire

  16-11-2016 18:13
  
  A lawsuit has been filed by 18 passengers who were aboard an American Airlines aircraft that caught fire last month on the tarmac of Chicago’s O’Hare International Airport after an engine failed. The lawsuit filed Nov. 14 in Cook County …
  
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• 22,000 Chickens Die in Barn Fire at Ohio Poultry Operation

  16-11-2016 18:11
  
  More than 22,000 chickens are dead after a fire at a barn in north-central Ohio. The smoke was visible for miles as the fire burned Nov. 14 at a Mennonite poultry operation in Nova Township, north of Ashland. It took …
  
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• Bryant Named President at Ohio-Based Britton Gallagher

  16-11-2016 18:10
  
  Britton Gallagher, a Cleveland based employee benefits and commercial insurance broker, has appointed Jeremy Bryant president. Bryant has been with Britton Gallagher since 2012, most recently serving as one of the agency’s executive vice presidents. He has more than 20 …
  
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• Arkansas McDonald’s to Pay $103K to Settle Disability Discrimination Suit

  16-11-2016 18:06
  
  A McDonald’s restaurant owned and operated by Mathews Management Co. and Peach Orchard Inc. in Bentonville, Ark., will pay $103,000 and furnish other relief to settle a disability discrimination lawsuit brought by the U.S. Equal Employment Opportunity Commission (EEOC), the …
  
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• Brit Launches Diamond Processing Consortium with Capacity Up to $50M

  16-11-2016 17:45
  
  Brit Ltd., the London-based specialty insurer, announced the launch of a Lloyd’s consortium for diamond processing. Now quoting business, the new consortium brings additional capacity of up to $50 million to the London market. “The consortium, which is led by …
  
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• Trucking Company Settles California Discrimination Case with Sikhs for $260K

  16-11-2016 17:03
  
  A national trucking company has agreed to pay $260,000 to settle discrimination complaints by four Sikh drivers who were denied jobs for refusing to take drug tests that would have violated their religious beliefs. J.B. Hunt Transport Services Inc. reached …
  
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• Allied World APAC Appoints 2 Casualty Specialists from AIG

  16-11-2016 16:56
  
  Allied World Assurance Company Holdings announced two appointments to its General Casualty Division in Asia: Daphne Boon to the position of vice president, head of General Casualty (Asia), and Christie Huang Shuying to assistant vice president. Boon joins Allied World …
  
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• DIR: California Independent Medical Review Shows Improvements

  16-11-2016 16:55
  
  A California Department of Industrial Relations progress report shows continuing improvment of the state’s Independent Medical Review process IMR is the medical dispute resolution process that uses medical expertise to obtain consistent, evidence-based decisions and component of the state’s workers’ …
  
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• NU partners with PIA, Flaspöhler for groundbreaking survey of independent agents

  16-11-2016 16:26
  
  Watch your inbox: The 2017 National Underwriter/PIA Independent Agent Survey launches this week.
  
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• Sharing Economy Requires More Sharing Between Underwriting, Claims

  16-11-2016 16:14
  
  The sharing economy poses new challenges for insurers including new exposures from technology and a need for better communication between claims and underwriting. That’s according to members of the International Association of Claim Professionals (IACP) who spoke out in a …
  
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• Car Insurance Firms Could Be Banned From Asking What You Do for a Living - Wall Street Journal

  16-11-2016 16:07
  
  Wall Street Journal
  Car Insurance Firms Could Be Banned From Asking What You Do for a Living
  Wall Street Journal
  In most of America, your job can affect how much you pay for car insurance. Now, a state regulator is weighing whether to ban the practice. The New York Department of Financial Services has told Allstate Corp., Berkshire Hathaway Inc.'s Geico unit ...
  
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• UK MGA Nexus Underwriting Forms Claims Company Called ‘Nexus Claims’

  16-11-2016 16:00
  
  Nexus Underwriting, the London-based independent specialty managing general agent (MGA), has formed a claims company, trading as Nexus Claims. Being run independently from the underwriting companies, Nexus Claims offers claims management services to Nexus’ underwriting partners as well as insurance …
  
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• Zurich’s Re-Underwriting Program Begins to Bear Fruit – in Its Financials

  16-11-2016 15:47
  
  Zurich Insurance Group’s re-underwriting program is starting to bear fruit – as evidenced by the company’s improved third-quarter results – but Group CFO George Quinn readily admits there is still work to be done. The steps that the company took …
  
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• A New Hampshire Prep School Faces Trial Over Boy’s Dismissal After Having Sex

  16-11-2016 15:38
  
  A New Hampshire prep school criticized for how it’s handled sexual assault cases faces trial on a lawsuit brought by a former student’s mother who alleges the school wrongfully withdrew her 15-year-old son after he had sex with another student. …
  
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• Eastern Insurance Group of Massachusetts Hires Surette

  16-11-2016 15:30
  
  Eastern Insurance Group, an insurance agency headquartered in Natick, Mass., and a subsidiary of Eastern Bank, an independent, mutually owned bank in New England, has hired William Surette as a senior vice president and sales executive. Surette is based in …
  
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• 16 Insurance Stocks to Buy Now - Investorplace.com

  16-11-2016 15:30
  
  16 Insurance Stocks to Buy Now
  Investorplace.com
  This week, 16 Insurance stocks are improving their overall ratings on Portfolio Grader. Each of these stocks is rated an “A” (“strong buy”) or “B” overall (“buy”). This week, White Mountains Insurance Group Ltd (WTM) pushes up from a C to a B rating.and more »
  
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• North Country Insurance Group Adds Two Vermont Based Member Agencies

  16-11-2016 15:23
  
  North Country Insurance Group (NCIG), an alliance of independent insurance agencies located throughout Northern New England, has expanded by adding Finn & Stone Insurance and Mars Insurance to the group. Brothers Chip Ams, president of Finn & Stone, and Jeffery …
  
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• RSA Restructures UK Commercial Lines Operation; Names CUO for UK & Int’l

  16-11-2016 15:20
  
  London-based RSA has announced changes to its commercial lines operation with the creation of two new divisions, as well as the appointment of a chief underwriting officer for the UK & International region. Effective immediately, RSA’s UK commercial lines business …
  
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• Sandy Hook Families Ask Connecticut Top Court to Hear Suit

  16-11-2016 15:12
  
  The families of some of the 26 children and educators killed at a Connecticut elementary school in 2012 asked the state’s top court on Tuesday to overturn a lower court’s dismissal of their lawsuit against the maker of the gun …
  
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• Next Big Car Safety Feature Could be This Smartphone Camera App

  16-11-2016 15:06
  
  Drivers in San Francisco, Manhattan and Tel Aviv may soon have another safety tool at their disposal: a mobile app that alerts them to dangers ahead in the road. Nexar Ltd., an Israeli startup whose app records video from a smartphone’s …
  
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• The Right Cyber Coverage Can Protect a Business from Financial Ruin

  16-11-2016 14:59
  
  A recent report on cybersecurity still shows many companies are unprepared for cyberattacks. The report, conducted by KPMG and British Telecom, reveals only 22 percent of companies have a comprehensive plan in place to deal with a major cybersecurity incident. …
  
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• Fed Proposal Would Hike Capital Requirements to Discourage ‘Too Big to Fail’

  16-11-2016 14:40
  
  Minneapolis Federal Reserve President Neel Kashkari unveiled a plan on Wednesday to prevent future government bailouts by forcing the largest U.S. banks to hold so much capital that they would probably decide to break themselves up. Kashkari’s plan would also …
  
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• Did your prospect open that email?

  16-11-2016 12:30
  
  Web beacons are a great tool to help you find out if prospects are opening your emails.
  
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• A look at replacement cost value vs. actual cash value

  16-11-2016 12:00
  
  Determining value in a property loss depends on several factors.
  
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• FEMA Adds 4,400 Properties to High-Risk Zones in Tennessee’s Davidson County

  16-11-2016 07:09
  
  Thousands of property owners may have to purchase flood insurance for the first time as new flood maps go into effect next year in Davidson County. The Federal Emergency Management Agency last month finalized revised flood maps for the county, …
  
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• Beazley Adds Miami-Based Vieira to Specialty Surety Treaty Team

  16-11-2016 07:04
  
  Beazley, a provider of specialist reinsurance, has added Stephan Vieira as a reinsurance underwriter in its Specialty Surety Treaty unit, providing treaty and facultative reinsurance for surety and ancillary products. Vieira will work out of the company’s expanding Miami office …
  
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