Insurance news

• Jones: Undocumented License Law in California May Have Led to UM Drop

  17-11-2016 23:01
  
  California Insurance Commissioner Dave Jones announced today that Assembly Bill 60, a law which provided driver’s licenses to those who could not submit proof of legal presence in the U.S., may have led to a modest decrease in the number …
  
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• Small Business Insurance Site CoverWallet Pulls In $7.8 Million in Funding - Insurance Journal

  17-11-2016 19:10 via insurancejournal.com
  
  Small Business Insurance Site CoverWallet Pulls In $7.8 Million in Funding
  Insurance Journal
  Online commercial insurance agency CoverWallet announced it has received $7.8 million in funding in a Series A round led by Union Square Ventures, bringing its total raised to date to $9.5 million. In addition to Union Square Ventures, Index Ventures ...and more »
  
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• Small Business Insurance Site CoverWallet Pulls In $7.8 Million in Funding

  17-11-2016 19:06
  
  Online commercial insurance agency CoverWallet announced it has received $7.8 million in funding in a Series A round led by Union Square Ventures, bringing its total raised to date to $9.5 million. In addition to Union Square Ventures, Index Ventures …
  
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• Oklahoma Company to Pay $50K to Settle Race Discrimination Charges

  17-11-2016 18:48
  
  An Oklahoma-based automobile detailing business, OnSite Solutions LLC, will pay $50,000 to settle a race discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the agency announced. EEOC charged that OnSite Solutions and two other entities were liable …
  
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• Jury Awards $37.5M to Man Paralyzed in Missouri Tractor-Trailer Crash

  17-11-2016 18:40
  
  A Missouri jury has awarded a $37.5 million judgment to a man left a paraplegic after a 2014 accident involving a vehicle and a tractor-trailer. The Kansas City Star reports that the Jackson County jury sided with Steve Holdeman during …
  
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• Insurer to Pay $1.9M to Settle West Des Moines Discrimination Lawsuit

  17-11-2016 18:37
  
  The city of West Des Moines, Iowa, has agreed to pay nearly $2 million to a police officer who sued, saying the department’s former police chief discriminated against her because she’s a woman. The city announced the $1.9 million settlement …
  
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• 10 best paying cities for women

  17-11-2016 18:35
  
  Pay rates vary from one region to another within the U.S.; in some places, the pay gap between men and women varies substantially, too.
  
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• State’s Self-Insurance Plan a Concern for Wisconsin Healthcare Groups

  17-11-2016 18:34
  
  A group of healthcare stakeholders have asked Gov. Scott Walker to consider how self-insuring state workers could affect Wisconsin’s economy and its health care market. The Wisconsin Hospital Association, the Wisconsin Medical Society and a dozen other groups said the …
  
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• J.M. Wilson’s Mandwee Promoted; Dodd Receives ACORD Scholarship

  17-11-2016 18:31
  
  Managing general agency and surplus lines insurance broker, J.M. Wilson Corp., has promoted Adam Mandwee to fleet underwriter in its Portage, Michigan, office. Mandwee is responsible for quoting new and renewal fleet transportation accounts, setting up and binding policies and …
  
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• Brinson Elected President of Texas Surplus Lines Association

  17-11-2016 18:28
  
  Teri Brinson, executive vice president of M.D. Jensvold & Co. Inc. in Houston, has been elected president of the Texas Surplus Lines Association (TSLA). Brinson was installed at TSLA’s 61st Annual Meeting held November 14 in Austin. Brinson took over …
  
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• Zurich Insurance CEO Greco to ‘attack’ costs to boost payout

  17-11-2016 18:22
  
  Zurich raised its target for cost cuts and dropped plans to eliminate jobs as CEO Mario Greco overhauls Switzerland’s largest insurer.
  
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• 2 Former Postal Employees Convicted in Dallas for Workers’ Comp Fraud

  17-11-2016 18:19
  
  Two former U.S. Postal Service employees have been convicted on felony charges related to a workers’ compensation fraud scheme, U.S. Attorney John Parker of the Northern District of Texas announced. McArthur Baker, 69, and Tonya Evans, 52, both of Dallas, …
  
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• Starr Launches Site Selling Directly to Small Businesses

  17-11-2016 17:52
  
  Starr Companies has joined a growing roster of insurers selling insurance directly to small business owners online with its launch of  Starr Insure. The new digital agency currently offers property/casualty business owner coverages for distributors, retailers, artisan contractors, medical offices, …
  
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• Rutgers Law School in New Jersey Launches Project to Improve Homeowners' Insurance - Insurance Journal

  17-11-2016 17:20 via insurancejournal.com
  
  Insurance Journal
  Rutgers Law School in New Jersey Launches Project to Improve Homeowners' Insurance
  Insurance Journal
  Rutgers Law School's Camden, N.J., location, in collaboration with United Policyholders, is seeking to improve homeowners' insurance nationally through its recently launched project. The Rutgers Center for Risk and Responsibility at Rutgers Law School ...
  
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• Rutgers Law School in New Jersey Launches Project to Improve Homeowners’ Insurance

  17-11-2016 17:15
  
  Rutgers Law School’s Camden, N.J., location, in collaboration with United Policyholders, is seeking to improve homeowners’ insurance nationally through its recently launched project. The Rutgers Center for Risk and Responsibility at Rutgers Law School in Camden and United Policyholders have launched a …
  
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• Rutgers Law School in Massachusetts Launches Project to Improve Homeowners’ Insurance

  17-11-2016 17:15
  
  Rutgers Law School’s Camden, Mass., location, in collaboration with United Policyholders, is seeking to improve homeowners’ insurance nationally through its recently launched project. The Rutgers Center for Risk and Responsibility at Rutgers Law School in Camden and United Policyholders have launched a …
  
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• Oregon’s Building Backlog of Food Inspections Increasing Disease Risk

  17-11-2016 16:34
  
  Rodents, insects and microscopic bacteria: All these hazards can exist in food and where it is stored, and it is up to the Oregon Department of Agriculture to ensure they’re not there. But the department’s Food Safety Program, which is …
  
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• 2 Men File Sex Abuse Lawsuits against Boy Scouts In Oregon

  17-11-2016 16:29
  
  Two Oregon men have filed sexual abuse lawsuits against the Boy Scouts of America. The Oregonian/OregonLive reported that the lawsuits were filed on Tuesday. They allege the plaintiffs were sexually abused by former scout leaders who were allowed to lead …
  
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• Uber Working to Settle with California Drivers over Employee Benefits

  17-11-2016 16:21
  
  Uber Technologies Inc. is trying to finalize a settlement with California drivers to resolve potentially billions of dollars in claims stemming from the company’s refusal to give them the protections and benefits of employees. The case centers on allegations that …
  
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• Qatar Insurance Weighs Bond Issue to Raise Capital Reserves: Sources

  17-11-2016 15:25
  
  Qatar Insurance Co. (QIC) plans a bond issue to boost its capital reserves, sources familiar with the matter told Reuters on Thursday. It would be the first perpetual bond to be issued by the insurance sector in the Gulf. Qatar’s …
  
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• Watchdog’s List of 10 Most Hazardous Toys Has Its Critics

  17-11-2016 15:11
  
  A sling-shot, inflatable suits that kids can don and wear while crashing into each other and a hammer inspired by weapons in the movie “Warcraft” ranked among the 10 most hazardous toys on an annual list released on Tuesday by …
  
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• U.S. Rule Requires Sound Alerts on Quiet Electric, Hybrid Cars

  17-11-2016 14:59
  
  The U.S. government on Monday finalized long-delayed rules that will require “quiet cars” like electric vehicles and hybrids to emit alert sounds when they are moving at speeds of up to 18.6 miles per hour (30 km per hour) to …
  
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• City Officials in Massachusetts Seek Advice on Legal Pot Issues

  17-11-2016 14:54
  
  Boston officials will be getting some firsthand advice on how to deal with issues surrounding the legalization of recreational marijuana. Two public health officials from Denver will participate remotely in a meeting of the city’s board of health on Wednesday. …
  
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• Regulators Look to State Laws as Republicans Move to Change Dodd-Frank

  17-11-2016 14:52
  
  State securities regulators said they may have to rely more heavily on local laws to police banks and finance companies if President-elect Donald Trump and a Republican-controlled Congress roll back federal reforms introduced after the financial crisis. For example, New …
  
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• Platform Barriers Eyed Amid Spate of New York City Subway Deaths

  17-11-2016 14:48
  
  A member of the board that oversees New York City’s transit agency has asked it to give more thought to adding safety barriers on subway platforms. Forty-four people have been killed by trains in the city this year, either by …
  
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• XL Catlin Hires Huber in New York

  17-11-2016 14:43
  
  XL Catlin has appointed Barry G. Huber as its global practice leader for political risk and trade credit claims. This move comes as the firm works to continue building out its political risk and trade credit insurance capabilities. Huber is …
  
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• With Brexit, UK Government Should ‘Refine Not Replace’ Solvency II: Insurers

  17-11-2016 13:10
  
  Rather than replacing Solvency II entirely when the UK leaves the European Union, regulators need to refine EU’s insurance regulation to make it more appropriate for the UK market and customers, according to the Association of British Insurers (ABI). Following …
  
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• UK Government Should ‘Refine Not Replace’ Solvency II with Brexit: Insurers

  17-11-2016 13:10
  
  Rather than replacing Solvency II entirely when the UK leaves the European Union, regulators need to refine EU’s insurance regulation to make it more appropriate for the UK market and customers, according to the Association of British Insurers (ABI). Following …
  
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• 18 winter preparation tips for car owners

  17-11-2016 12:30
  
  Encourage your auto insurance clients to follow these steps to stay safe and avoid the hassle of filing a claim this winter.
  
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• 3 reasons why cold calling is a waste of time

  17-11-2016 12:00
  
  Yes, cold calling will eventually lead to appointments and sales, but how many hours will you waste listening to the phone ring to get them?
  
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• 10 ways small businesses can fight cyber crime

  17-11-2016 12:00
  
  Insurance agents can help their small-business clients by helping them assess their cyber risks and advising on policies.
  
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• 10 ways agents can help small businesses assess their cybersecurity risk

  17-11-2016 12:00
  
  Insurance agents can help their small business clients assess their risk of a cyber incident with these 10 tips.
  
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• China’s Anbang Insurance Set to Buy Toronto Tower for at Least $395M: Source

  17-11-2016 11:35
  
  China’s Anbang Insurance Group Co. is set to purchase an office and retail tower in downtown Toronto that counts the Government of Ontario as a major tenant, according to people familiar with the deal. Anbang is close to an agreement …
  
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• Zurich to Cut Costs by $1.5B with Simplification ‘Name of Game’: CEO Greco

  17-11-2016 10:45
  
  Zurich Insurance Group AG plans to cut costs by $1.5 billion from 2015 through 2019 as Chief Executive Officer Mario Greco overhauls Switzerland’s largest insurer and seeks to boost the firm’s dividend. The new plan replaces a previous goal to …
  
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• Lloyd’s Names Swiss Re’s Kelly as Singapore Country Manager

  17-11-2016 09:51
  
  Lloyd’s has appointed Angela Kelly as Lloyd’s country manager, Singapore, and CEO of Lloyd’s of London (Asia) Pte. Ltd. Kelly joins Lloyd’s from Swiss Re where she was chief executive officer of Swiss Re International SE Singapore Branch and head …
  
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• Zurich Insurance CEO Greco to 'Attack' Costs to Boost Dividend - Bloomberg

  17-11-2016 09:36 via bloomberg.com
  
  Bloomberg
  Zurich Insurance CEO Greco to 'Attack' Costs to Boost Dividend
  Bloomberg
  Zurich Insurance Group AG plans to cut costs by $1.5 billion from 2015 through 2019 as Chief Executive Officer Mario Greco overhauls Switzerland's largest insurer and seeks to boost the firm's dividend. The new plan replaces a previous goal to save at ...
  Zurich Insurance plans $1.5 bln cost-cutting driveMarketWatch
  Zurich Insurance ups dividend target, cost cuts for 2017-2019Reutersall 13 news articles &raq
  
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• Help is available for health insurance - Carlsbad Current-Argus

  17-11-2016 09:08 via currentargus.com
  
  Carlsbad Current-Argus
  Help is available for health insurance
  Carlsbad Current-Argus
  Enrollment counselor Ginger Lewis moves a banner outside the New Mexico Health Insurance Exchange's Farmington Enrollment and Assistance Center in this Daily Times file photo. (Photo: Daily Times file photo)Buy Photo.and more »
  
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• New bill aims to reduce insurance rates by offering options for medical coverage - WWMT-TV

  17-11-2016 07:31 via wwmt.com
  New bill aims to reduce insurance rates by offering options for medical coverage
  WWMT-TV
  (NEWSCHANNEL 3) - Michigan is the 6th most expensive state in the country when it comes to medical insurance rates for car crashes. We are the only state that offers lifetime medical coverage after a catastrophic crash. Now, a new bill wants to provide ...
  
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• Insurance tax hike would cast wide net - Hopkinsville Kentucky New Era

  17-11-2016 07:09 via kentuckynewera.com
  
  Insurance tax hike would cast wide net
  Hopkinsville Kentucky New Era
  As the Hoptown WINS committee discusses every aspect of Mayor Carter Hendricks' proposal to add $14.8 million worth of improvements to the city, the method of paying for those improvements remains difficult to comprehend. Increasing the city's ...and more »
  
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• Urge representatives to reform flood insurance program - DesMoinesRegister.com

  17-11-2016 07:04 via desmoinesregister.com
  
  DesMoinesRegister.com
  Urge representatives to reform flood insurance program
  DesMoinesRegister.com
  The Nov. 7 editorial "All Iowans should have flood insurance option” highlighted the need for more Iowans to obtain flood coverage through the National Flood Insurance Program. But unless Congress reforms the program, which is $23 billion in debt and ...
  
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• BRIEF-African Alliance Insurance notifies of delay in release of financial... - Reuters

  17-11-2016 06:38 via reuters.com
  
  BRIEF-African Alliance Insurance notifies of delay in release of financial...
  Reuters
  BRIEF-African Alliance Insurance notifies of delay in release of financial statements for year ended Dec. 31, 2015. Nov 17 African Alliance Insurance Plc : * Says its audited financial statements for year ended Dec. 31, 2015, could not be filed within ...and more »
  
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• Tennessee Nursing Home Ordered by Health Officials to Stop Taking Residents

  17-11-2016 06:27
  
  Tennessee health officials have ordered a nursing home to stop taking new residents and pay a $6,100 fine for violations. A Tennessee Department of Health news release Monday says Creekside Health and Rehabilitation in Madison faces the penalties for problems …
  
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• Ian H. Graham Adds Umbrella Coverage to Product for Community Associations

  17-11-2016 06:20
  
  Ian H. Graham Insurance (IHG), a division of Aon Affinity, has expanded its suite of products with CNA to include umbrella insurance for community associations, in addition to its directors’ and officers’ (D&O) liability and crime insurance. IHG will have …
  
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• County Farmers in South Carolina Uncertain of Future After Devastating Disasters

  17-11-2016 06:13
  
  The Double R Farm in South Carolina has produced abundant crops for four generations of Rabon family farmers here, and despite the double whammy of record rains during the October harvest last year and last month’s hurricane, they are determined …
  
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• Burn Bans Enacted Over Much of Dry Southeast as Fires Continue

  17-11-2016 06:07
  
  As drought-stressed forests burn across much of the South – including a blaze scorching a Manhattan-sized area of north Georgia – some traditional outdoor activities are now banned. Starting campfires, lighting fireworks, smoking cigarettes, even parking a car off-road is …
  
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• Berkley Programs, SPS Launch Inland Marine Program for Southeast Lumber Firms

  17-11-2016 05:50
  
  Berkley Program Specialists and Specialty Program Solutions (SPS) have created a new inland marine program for mobile equipment and machinery used by logging, lumbering and construction companies located in the Southeast. Coverage for first party physical damage is extended to …
  
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