Insurance news

• Recent Insurance Regulatory Actions Against Third Party Administrators - The National Law Review

  29-11-2016 23:47
  
  Recent Insurance Regulatory Actions Against Third Party Administrators
  The National Law Review
  Recently, two state insurance departments took action against third party administrators in their respective states based on their failure to be properly licensed. These regulatory actions demonstrate the importance for TPAs to be properly licensed, as ...
  
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• Allison Calls for Cutting Deposit Insurance Levels - American Banker

  29-11-2016 23:45
  
  American Banker
  Allison Calls for Cutting Deposit Insurance Levels
  American Banker
  Former BB&T Chief Executive Officer John Allison, a top candidate for the next Treasury secretary, reiterated Tuesday that policymakers should consider eliminating or reducing the deposit insurance level. To continue, please sign in or subscribe. FREE ...
  
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• Are lower car insurance premiums worth revealing your driving behavior? - Digital Trends

  29-11-2016 22:19
  
  Digital Trends
  Are lower car insurance premiums worth revealing your driving behavior?
  Digital Trends
  Your smartphone, or a dongle, may unlock lower car insurance rates. The increased use of tech-assisted usage-based insurance (UBI) promises to help insurance companies and their customers, according to Wired, though you'll have to give up some privacy ...and more »
  
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• Elkhart hopes cheaper insurance will attract employees - WSBT-TV

  29-11-2016 22:11
  WSBT-TV
  Elkhart hopes cheaper insurance will attract employees
  WSBT-TV
  All 550 will see lower health insurance premiums next year. It's good news for the police and fire departments, which are looking for ways to attract and retain employees. Elkhart Mayor Tim Neese has been looking for ways to reduce health insurance ...
  
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• Subsidies to live in areas that are vulnerable to natural disasters may end

  29-11-2016 21:20
  
  Unsurprisingly, the areas where households are most likely to repeatedly request FEMA Individual Assistance aid are generally along coasts.
  
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• Nationwide service will help Oklahomans find lost life insurance policies - Norman Transcript

  29-11-2016 20:22
  
  Norman Transcript
  Nationwide service will help Oklahomans find lost life insurance policies
  Norman Transcript
  Oklahomans will now have access to a national service that helps them find life insurance policy benefits. The Oklahoma Insurance Department is partnering with the National Association of Insurance Commissioners to provide the free program. “This ...and more »
  
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• Tom Price's health care plan: How much insurance costs would rise if Obamacare is repealed - Mic

  29-11-2016 19:44
  
  Mic
  Tom Price's health care plan: How much insurance costs would rise if Obamacare is repealed
  Mic
  President-elect Donald Trump selected Georgia Rep. Tom Price to be his secretary of Health and Human Services on Monday. Price has been one of the most outspoken critics of the Affordable Care Act — aka Obamacare — amplifying the expectation that ...
  A likely Trump administration proposal: health insurance subsidies for everyoneMarketplace.org
  Young adults want health insurance to
  
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• This holiday shopping season — learn how to buy health insurance effectively - The Hill (blog)

  29-11-2016 19:36
  
  The Hill (blog)
  This holiday shopping season — learn how to buy health insurance effectively
  The Hill (blog)
  You know you've reached a certain age when you begin a sentence with “when I was young.” But at the risk of sounding ancient, allow me this bit of reflection: When I was young, getting your holiday shopping done was easy. Selection was relatively small ...and more »
  
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• State auditor calls for second audit of insurance taxes - Santa Fe New Mexican

  29-11-2016 19:18
  
  Deming Headlight
  State auditor calls for second audit of insurance taxes
  Santa Fe New Mexican
  New Mexico's state auditor is calling for a new audit into whether health-insurance companies have been underpaying the premium taxes they owe. The Albuquerque Journal reports that State Auditor Tim Keller on Monday that a new independent accounting ...
  State auditor wants another review of insurance taxesKRQE News 13 (blog)all 5 news articles »
  
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• 10 most common dog and cat illnesses and costs

  29-11-2016 19:15
  
  According to the Healthy Paws Foundation, 26 percent of rehoming instances were the result of a pet parent’s inability to pay for their pet’s medical care.
  
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• Kentucky Lawmaker to Lead National Conference of Insurance Legislators

  29-11-2016 18:58
  
  A Kentucky lawmaker is the new president of the National Conference of Insurance Legislators. Rep. Steve Riggs of Louisville began his yearlong tenure this month during the group’s annual meeting. He has previously been the group’s vice president, secretary, treasurer …
  
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• Increased Border Security in Texas Yields Bumper Crop of Traffic Tickets

  29-11-2016 18:40
  
  A new border security approach promoted by the Texas Department of Public Safety has yielded at least one result: a bumper crop of traffic tickets. Traffic stops in Starr and Hidalgo counties on the Texas-Mexico border accounted for nearly 8 …
  
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• Florida Appeals Judge’s Order Halting 14.5% Workers’ Comp Rate Increase

  29-11-2016 18:39
  
  The Florida Office of Insurance Regulation (OIR) is appealing a court order invalidating its approved 14.5 rate increase on Florida workers’ compensation rates that was set to take effect Dec. 1. OIR filed its Notice of Appeal on Nov. 28 …
  
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• Texas Surplus Lines Stamping Office Adds DiLoreto

  29-11-2016 18:35
  
  The Surplus Lines Stamping Office of Texas (SLSOT) has appointed Maegan DiLoreto as communications and training coordinator. DiLoreto previously worked as a copy editor and page designer for newspapers in both Alabama and Texas. She began as a copy editor …
  
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• Central Indiana County’s Hacked Computer System Taking Weeks to Restore

  29-11-2016 18:32
  
  Workers have spent weeks restoring a central Indiana county government’s computer system that was hacked by an unknown group demanding a ransom payment. Madison County officials decided to pay the undisclosed ransom following the Nov. 4 hacking that locked up …
  
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• Emporia State University Wins Kansas ‘Don’t Text #Just Drive’ Contest

  29-11-2016 18:31
  
  Emporia State University received the highest number of votes by percentage of students enrolled to win the initial “Don’t Text #Just Drive” fall contest, according to the Kansas Insurance Department. Seven Kansas universities participated in the campaign. In all, nearly …
  
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• Furtado Joins Western National Insurance as VP, Agency Sales - Insurance Journal

  29-11-2016 18:28
  
  Furtado Joins Western National Insurance as VP, Agency Sales
  Insurance Journal
  Western National Insurance Group has hired Eric Furtado as vice president of agency sales. He is based in the company's Edina, Minn. office and is responsible for day-to-day sales activities, as well as management of the group's Regional Agency Manager ...
  
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• 4,000 Businesses Earn $3M in Texas Mutual Early Qualifier Dividends

  29-11-2016 18:26
  
  Texas Mutual Insurance Co. has paid more than $3 million in early qualifier dividends to approximately 4,000 newer policyholders across the state. The payout is the final component of the workers’ compensation insurer’s $240 million dividend distribution in 2016. The …
  
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• Without Medicare, how will seniors afford health insurance? - Los Angeles Times

  29-11-2016 18:25
  
  Los Angeles Times
  Without Medicare, how will seniors afford health insurance?
  Los Angeles Times
  To the editor: Michael Hiltzik addresses House Speaker Paul Ryan's (R-Wis.) “solution” for senior healthcare — namely, privatization with limited federal voucher subsidy. It's the same old Republican vision that lifting the reins on free-market ...and more »
  
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• Furtado Joins Western National Insurance as VP, Agency Sales

  29-11-2016 18:23
  
  Western National Insurance Group has hired Eric Furtado as vice president of agency sales. He is based in the company’s Edina, Minn. office and is responsible for day-to-day sales activities, as well as management of the group’s Regional Agency Manager …
  
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• Hub International Names Chapman Regional President of New US South Region

  29-11-2016 18:08
  
  Hub International Limited (HUB), a global insurance brokerage, has named Michael S. Chapman, currently chief executive officer of Hub International Southeast, as president of Hub’s newly formed US South region, which will include states Virginia through Louisiana, and existing Hub’s …
  
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• Asbestos Losses Continue to Haunt P/C Insurers: A.M. Best

  29-11-2016 18:00
  
  Net ultimate asbestos losses for the U.S. property/casualty industry have risen once again. They’re now at $100 billion, and that’s $15 billion higher than the previous estimate, according to a new A.M. Best report. A number of factors appear to …
  
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• California Bar Wants to Ban Sex Between Lawyers And Clients

  29-11-2016 16:49
  
  The nation’s largest state bar association is overhauling ethics rules for attorneys for the first time in 30 years, and some lawyers are unhappy about a proposal that would open them up to discipline for having sex with clients. California …
  
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• Holiday DUI Enforcement Push in Arizona Underway

  29-11-2016 16:44
  
  Law enforcement officials plan to gather at Arizona’s Capitol to publicize the launch of their annual DUI enforcement and sober designated driver campaigns. State, local and federal officials are set to speak at Tuesday’s news conference. They’ll highlight the dangers …
  
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• How to Get Teens to Take Dangers of Distracted Driving Seriously

  29-11-2016 16:16
  
  A program to educate teens about distracted driving—including a tour of a hospital trauma center and testimony from a trauma survivor—can increase awareness of the dangers of texting, cell phone use, and other distractions while driving, reports a study in …
  
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• State claims Raussen, head of insurance board, accepted meals, gifts - OregonLive.com

  29-11-2016 16:07
  
  OregonLive.com
  State claims Raussen, head of insurance board, accepted meals, gifts
  OregonLive.com
  In eight months on the job as executive director of the Oregon Educators Benefits Board, James Raussen allegedly accepted a handful of spendy meals and, on one occasion, tickets to a Blazers game courtesy of insurers and consulting firms. He went out ...and more »
  
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• Steel Beam Falls from New York City Crane, Killing 2 Workers

  29-11-2016 15:53
  
  Authorities say a steel beam being hoisted at a New York City construction site fell after a cable apparently snapped, killing a crane operator and a co-worker. The beam was being lifted when it came loose Tuesday afternoon in the …
  
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• Deadly 1919 Disaster in Massachussetts Explained in New Study

  29-11-2016 15:47
  
  The Great Molasses Flood of 1919 – one of Boston’s most peculiar disasters – killed 21 people, injured 150 others and flattened buildings when a giant storage tank ruptured. Now Harvard University researchers think they know why the wave of …
  
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• Study Finds Northeastern U.S. Could See Increased Hurricane Activity

  29-11-2016 15:31
  
  The Northeastern coast of the U.S. could be struck by more frequent and powerful hurricanes in the future due to shifting weather patterns, according to new research presented in a study led by Durham University in the U.K. This is …
  
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• Insurance Industry Sees Challenges with New York City Crawler Crane Requirements - Insurance Journal

  29-11-2016 15:08
  
  Insurance Journal
  Insurance Industry Sees Challenges with New York City Crawler Crane Requirements
  Insurance Journal
  The Department of Buildings of the City of New York's (DOB) recent move to better regulate crawler crane operations in New York City has led to concern for some in the insurance industry that a stricter regulatory environment could make a difficult ...
  
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• Insurance Industry Sees Challenges with New York City Crawler Crane Requirements

  29-11-2016 15:05
  
  The Department of Buildings of the City of New York’s (DOB) recent move to better regulate crawler crane operations in New York City has led to concern for some in the insurance industry that a stricter regulatory environment could make a …
  
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• Supreme Court Rejects Stanford’s Appeal of Ponzi Scheme Conviction

  29-11-2016 14:53
  
  The U.S. Supreme Court on Monday rejected Texas financier Robert Allen Stanford’s bid to overturn his conviction and 110-year prison sentence for running what prosecutors called a $7.2 billion Ponzi scheme that bilked investors in 113 countries. The justices left …
  
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• Rep. Price, Obamacare Critic, Is Trump’s Choice to Lead Health Agency

  29-11-2016 14:33
  
  President-elect Donald Trump said he’ll nominate U.S. Representative Tom Price, one of the main architects of legislation to repeal and replace Obamacare, to be secretary of the Department of Health and Human Services, the first of multiple Cabinet announcements expected Tuesday. …
  
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• At Trial, Anthem-Cigna Merger Called Harmful to Competition

  29-11-2016 14:09
  
  Anthem Inc.’s proposed $48 billion merger with Cigna Corp. could give the insurer the power to raise prices for employers both in the 14 states where it does business, as well as across the country, according to a witness in …
  
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• Cyber Risk Awareness Rises Among SMEs: Zurich Survey

  29-11-2016 13:25
  
  One way to reduce cyber risks is to boost awareness of them. In that regard, Zurich Insurance Group says, there has been big progress in terms of getting the word out among small and medium-sized businesses. At the same time, …
  
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• 10 worst paying cities for women

  29-11-2016 12:30
  
  Here are the 10 cities women would be well advised to avoid, if they care about their financial well-being, both now and in the future.
  
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• Hong Kong-Based Latitude Brokers Launches P&I Club Comparison Tool

  29-11-2016 12:14
  
  Latitude Brokers, the Asia-based marine insurance specialist, has launched PILOT, an online protection & indemnity (P&I) club comparison tool. In time for the 2017 P&I renewal season, PILOT distills critical information for each club in the International Group (IG) “into an …
  
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• 11 tips for modernizing your insurance brand

  29-11-2016 12:00
  
  The internet has forever changed the way people and businesses interact — except in the insurance industry.
  
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• AXIS Capital Buys Belgium-Based Specialty Aviation Re/Insurer Aviabel

  29-11-2016 11:15
  
  Bermuda-based AXIS Capital Holdings Ltd. announced it has agreed to acquire general aviation insurance and reinsurance leader Aviabel, in a move that is designed to increase the company’s scale and relevance in the global aviation market. The “Aviabel” brand, including …
  
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• Beyond Birth Control, Women Could Pay More For Insurance Again ... - Kaiser Health News

  29-11-2016 11:04
  
  Kaiser Health News
  Beyond Birth Control, Women Could Pay More For Insurance Again ...
  Kaiser Health News
  The federal health law offered new coverage guarantees for women, and some advocates fear they could change under Republicans' efforts to “repeal and ...and more »
  
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• Willis Re Appoints Kent as Global Deputy CEO

  29-11-2016 09:38
  
  Willis Re, the reinsurance business of Willis Towers Watson, announced the promotion of James Kent – co-president of Willis Re and President of Willis Re North America – to the position of Global Deputy CEO, Willis Re, with immediate effect. …
  
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• Insurtech to Become Part of Traditional Insurance Landscape: S&P Report

  29-11-2016 09:19
  
  Insurtech has a complementary place in the traditional insurance world, despite remaining uncertainty in the industry about how it will function on a wide scale, Standard & Poor’s said in a new report. “We do not expect traditional insurance business …
  
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• Insurtech to Become Part of Traditional Insurance Landscape: S&P

  29-11-2016 09:19
  
  Insurtech has a complementary place in the traditional insurance world, despite remaining uncertainty in the industry about how it will function on a wide scale, Standard & Poor’s said in a new report. “We do not expect traditional insurance business …
  
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• Update: Plane Crash in Colombia Kills 75; Brazilian Soccer Players on Board

  29-11-2016 09:17
  
  An aircraft carrying 81 people, including players from the Brazilian soccer team Chapecoense, crashed on route to Colombia’s second-largest airport Monday, killing at least 75, according to local reports. The BAE Systems Plc RJ-85 plane chartered from Bolivia’s Lamia had been carrying …
  
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• Plane with 81 People Crashes in Colombia; Brazilian Soccer Players on Board

  29-11-2016 09:17
  
  An airplane carrying 81 people, including players from the Brazilian soccer team Chapecoense, crashed close to Colombia’s second-largest airport Monday. There may be survivors, the Jose Maria Cordova airport said on its Twitter account, without elaborating on how it obtained …
  
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• Wells Fargo Banks on Arbitration to Settle Fake Account Claims

  29-11-2016 07:00
  
  Wells Fargo & Co. is trying to keep dozens of customers suing over bogus accounts opened by its employees out of court, saying they agreed to resolve any disputes in arbitration when they began doing business with the bank. The …
  
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• Top 7 insurance industry concerns for 2017

  29-11-2016 06:01
  
  As you begin your strategic planning for 2017, keep these seven issues and their effects on the insurance industry in mind.
  
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• In Jerusalem, insurance becomes extortion - The Electronic Intifada

  29-11-2016 05:14
  
  The Electronic Intifada
  In Jerusalem, insurance becomes extortion
  The Electronic Intifada
  New regulations add another hoop Palestinians must jump through to secure their right to live in Jerusalem. Saeed Qaq APA images. Earlier this year, new regulations made it mandatory for all residents in Jerusalem with temporary family unification ...and more »
  
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• Allstate to Pay $1.4 Billion for SquareTrade, Seller of Warranties for Mobile Devices, Appliances

  29-11-2016 01:41
  
  The Allstate Corp. agreed to acquire SquareTrade, a consumer electronics and appliance protection plan provider that distributes through many of America’s major retailers. Allstate said it will acquire the privately-held company for approximately $1.4 billion from a group of shareholders, …
  
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• Allstate to Pay $1.4 Billion for SquareTrade, Seller of Insurance for Mobile Devices, Appliances

  29-11-2016 01:41
  
  The Allstate Corp. agreed to acquire SquareTrade, a consumer electronics and appliance protection plan provider that distributes through many of America’s major retailers. Allstate said it will acquire the privately-held company for approximately $1.4 billion from a group of shareholders, …
  
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