Insurance news

• Hearing Set in California for Proposed Amendments to Lien Filing Rules

  02-12-2016 21:14
  
  California’s Workers’ Compensation Appeals Board issued a notice of public hearing next month regarding a proposed addition and amendments to its lien filing rules. The primary purpose of this rulemaking is to implement legislative changes to the filing requirements for …
  
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• People on the move in the P&C insurance industry: Dec. 2, 2016

  02-12-2016 20:42
  
  News from Willis Re, Hanover Stone Partners, CSAA and more.
  
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• Task Force Submits Cybersecurity Recommendations to North Dakota Governor

  02-12-2016 18:57
  
  A state task force on capital cybersecurity has submitted its recommendations to North Dakota Gov. Jack Dalrymple. Topics in the report include improving monitoring and scanning of the state’s information technology network, finalizing a response plan to addressing cyberattacks and …
  
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• Draft Rules for Medical Marijuana in the Works in Arkansas

  02-12-2016 18:40
  
  Medical marijuana products sold in Arkansas would have to include detailed labels with information about their laboratory analysis, dosage, source and warnings under a draft of rules being prepared for the launch of the state’s medical pot program. The proposed …
  
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• Texas Judge Upholds Ban on Guns in Waller County Courthouse

  02-12-2016 18:35
  
  A judge’s ruling that upholds Waller County’s ban on guns in its courthouse keeps the southeast Texas county at odds with the state attorney general. State District Judge Albert McCaig Jr. ruled this week in a lawsuit by a gun …
  
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• Insurance Associations AAMGA, NAPSLO Move Forward with Merger Talks

  02-12-2016 18:32
  
  A possible merger of the nation’s two major excess and surplus lines organizations is on track. The American Association of Managing General Agents (AAMGA) and the National Association of Professional Surplus Lines Offices (NAPSLO) said they are moving forward with …
  
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• Drought in 6 Louisiana Parishes Leads to Disaster Declarations

  02-12-2016 18:32
  
  Six Louisiana parishes have been designated as primary natural disaster areas due to damages and losses caused by recent drought. The U.S. Department of Agriculture gave the designation to Caldwell, Catahoula, Franklin, Madison, Richland and Tensas parishes on Nov. 23, …
  
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• Illinois Sees Year-over-Year Increase in Obamacare Sign-Ups

  02-12-2016 18:30
  
  Officials say more than 68,000 Illinoisans have selected health plans using the Affordable Care Act’s insurance marketplace, up nearly 1,400 compared to the same time last year. The sign-ups are happening as President-elect Donald Trump and Republican leaders in Congress …
  
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• Hub Acquires the Assets of Pinnacle in Massachusetts

  02-12-2016 17:49
  
  Global insurance brokerage Hub International Limited (Hub) has acquired the assets of Pinnacle Financial Group and Pinnacle Insurance Agency, a Boston, Mass., based provider of life insurance solutions and services to family offices, affluent families and middle market and large …
  
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• Timeline revealed for possible NAPSLO/AAMGA merger

  02-12-2016 17:04
  
  NAPSLO and AAMGA answer questions about a potential merger of the two organizations.
  
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• California Commissioner Issues Auto Collision Repair Regulations

  02-12-2016 16:59
  
  California Insurance Commissioner Dave Jones issued new Auto Collision Repair Labor Rate Survey Regulations that he said will increase consumer protections when a damaged vehicle is repaired. The California Department of Insurance over the last several years has worked on …
  
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• Insurers Praise House Approval of Systemic Risk Reform Bill

  02-12-2016 16:37
  
  The House of Representatives took a step toward changing the Dodd-Frank financial regulation law by passing a measure that requires that a systemic risk designation be based on more than a financial institution’s size. The House vote was heralded by …
  
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• Judge Adds $5M to McQueary’s $7M Verdict Against Penn State

  02-12-2016 15:47
  
  A former Penn State assistant football coach’s treatment by the school after Jerry Sandusky was arrested entitles him to more than $12 million, a judge said Wednesday in a ruling that substantially increased last month’s jury award. Judge Thomas Gavin …
  
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• Report Calls on New Hampshire to Prepare for Rising Seas

  02-12-2016 15:31
  
  Though the worst impacts of rising seas in New Hampshire are decades away, a state commission is warning that coastal communities must act now to ensure vulnerable buildings are protected and roads, bridges and other structures constructed in the future …
  
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• Circus Operator to Pay $24K Over Deadly Tent Collapse in New Hampshire

  02-12-2016 15:22
  
  A Florida-based circus operator has agreed to pay $24,000 in fines issued by federal safety officials for a tent collapse that killed two people and injured dozens in New Hampshire last year. Robert Young, 41, and his 6-year-old daughter, Annabelle, …
  
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• Liberty Mutual Names Dwortz President of Helmsman

  02-12-2016 15:08
  
  Liberty Mutual Insurance has appointed David Dwortz as president, Helmsman Management Services, its third party claims administrator. Dwortz takes the reigns at Helmsman Management Services from Debbie Michel, who was recently appointed executive vice president, National Insurance Casualty, Liberty Mutual. …
  
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• Virginia Flood Damage from Matthew Costliest Since Isabel, Officials Say

  02-12-2016 15:05
  
  Virginia suffered only a glancing blow from Hurricane Matthew last month when unprecedented amounts of rain fell, but on Wednesday officials estimated flood damage to be hundreds of millions of dollars, making it the costliest storm since Hurricane Isabel in …
  
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• Audit Hits Regulator for Not Testing Brokerage Firms’ Cyber Security Policies

  02-12-2016 15:03
  
  The U.S. Commodity Futures Trading Commission failed to verify whether futures and swaps brokerage firms have adequate policies to help ward off cyber attacks, an internal CFTC audit found. The audit was completed in October by Brown & Company CPAS …
  
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• How Insurance Companies Can Improve User Experience To Increase Sales And Lower Support Costs - Forbes

  02-12-2016 15:00 via forbes.com
  
  How Insurance Companies Can Improve User Experience To Increase Sales And Lower Support Costs
  Forbes
  Founder and CEO of Intechnic, 9th in the world to be awarded Master UX Certification while consulting world's largest brands on UX. Let's face it: insurance can be confusing. Trying to make sense of a policy, get a quote, or file a claim can still be ...
  
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• Senate Bill Would Let Wells Fargo Customers Sue in Court, Bypass Arbitration

  02-12-2016 14:55
  
  Legislation introduced by two Democratic lawmakers on Thursday would allow Wells Fargo & Co. customers to go to court, instead of private arbitration, to resolve claims about accounts opened without authorization, according to a media release. The bill, which faces …
  
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• Ask Chuck: How To Buy the PERFECT Insurance Policy - Christian Post

  02-12-2016 14:50 via christianpost.com
  Christian Post
  Ask Chuck: How To Buy the PERFECT Insurance Policy
  Christian Post
  To learn Biblical answers to your financial questions, you can #AskChuck @AskCrown your questions by clicking here. Questions used may be lightly edited for length or clarity. Dear Chuck,. My father recently passed away in an accident and a whole life ...
  
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• FM Global Explores Next-Generation Fire Sprinklers

  02-12-2016 14:32
  
  Warehouses, served by increasingly powerful automated materials-handling equipment, are steadily getting taller, posing new fire risks and stressing traditional fire protection systems like heat-triggered ceiling sprinklers. That’s why Rhode Island-based FM Global, one of the world’s largest commercial property insurers, …
  
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• J&J Hit with $1 Billion Verdict in Hip Implant Product Liability Case

  02-12-2016 14:24
  
  Johnson & Johnson was ordered by a Texas jury to pay more than $1 billion to patients who claimed the company hid flaws in its Pinnacle artificial hips that had to be surgically removed, in J&J’s second loss linked to …
  
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• How GM’s ‘Super Cruise’ Self-Driving Car Is Evolving

  02-12-2016 14:16
  
  General Motors Co.’s semi-autonomous “Super Cruise” system will allow drivers to take their hands off the steering wheel for extended periods, but will stop the vehicle automatically if drivers are not attentive, according to a government letter made public on …
  
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• Deadline to enroll in health insurance approaching - Daily Inter Lake

  02-12-2016 14:01 via dailyinterlake.com
  Deadline to enroll in health insurance approaching
  Daily Inter Lake
  The Centers for Medicare and Medicaid Services announced Wednesday that 12,395 Montanans have either bought health insurance for the first time or renewed their coverage since open enrollment began Nov. 1. “[That's] more than had signed up at this ...and more »
  
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• PERILS Discloses Final Loss Estimate for UK Storm Desmond of £604M

  02-12-2016 13:50
  
  PERILS AG has today disclosed its fourth and final loss estimate for the floods in the UK which occurred Dec. 4-24, 2015 and were linked to storm Desmond and other low pressure systems. The revised estimate of the insured property …
  
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• XL Catlin Launches Emergency Security & Disaster Evacuation Solution

  02-12-2016 13:29
  
  XL Catlin’s insurance operations announced the launch of an Emergency Security and Disaster Evacuation (ESDE) solution for businesses with employees working internationally. This new solution, underwritten out of London, Guernsey, Hong Kong and Singapore, has been designed to respond to …
  
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• What Executives Need to Know About Managing D&O Liabilities: Allianz Report

  02-12-2016 13:05
  
  Company directors and senior managers across the globe are increasingly likely to face costly regulatory investigations, criminal prosecutions or civil litigation, which not only put their company’s assets, and their own assets, at risk, but also may threaten their personal …
  
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• Forecasting risk before, during and after a hurricane

  02-12-2016 12:30
  
  Location intelligence allows insurance providers to access the necessary data to make critical business decisions before, during and after a hurricane hits.
  
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• Insurance Industry Charitable Foundation opens new chapter in Seattle

  02-12-2016 12:00
  
  IICF expands its Western Division with the addition of a new chapter, based in Seattle
  
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• Fine jewelry appreciates in value — and risk

  02-12-2016 12:00
  
  Make sure clients have adequate insurance limits to keep pace with the rising value of gemstones.
  
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• Blockchain in insurance: promise for the future

  02-12-2016 12:00
  
  Blockchain is likely to play a major role in the reshaping of insurance — but the big implications are two to three years out.
  
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• BRIEF-UNIQA Insurance Group sells Italian subsidiaries - Reuters

  02-12-2016 11:26 via reuters.com
  
  BRIEF-UNIQA Insurance Group sells Italian subsidiaries
  Reuters
  DAKAR, Dec 2 (Thomson Reuters Foundation) - A charity set up by Ivorian football star Didier Drogba to help children in West Africa has been cleared of fraud and corruption but may have "misled" donors, Britain's charity watchdog said on Friday.
  
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• Krefta Named CEO of Hiscox Re and ILS, Succeeding Pinchin

  02-12-2016 10:50
  
  Specialist global insurer Hiscox announced that Michael Krefta has been appointed CEO of Hiscox Re and ILS, and CEO of Hiscox Bermuda, effective Aug. 1, 2017. He will succeed Jeremy Pinchin who, after five years in Bermuda, will return to …
  
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• Krefta Named CEO of Hiscox Re and ILS and Hiscox Bermuda, Succeeding Pinchin

  02-12-2016 10:50
  
  Specialist global insurer Hiscox announced that Michael Krefta has been appointed CEO of Hiscox Re and ILS, and CEO of Hiscox Bermuda, effective Aug. 1, 2017. He will succeed Jeremy Pinchin who, after five years in Bermuda, will return to …
  
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• Letter: Keep local control over health insurance - goskagit.com

  02-12-2016 10:42 via goskagit.com
  Letter: Keep local control over health insurance
  goskagit.com
  Private health insurance is now largely regulated by the state you live in. If you are unhappy with these regulations, you can go to Olympia and talk to your state representatives. If they do a bad job, you can vote against them. This is local control ...
  
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• Skuld’s Special Purpose Arrangement, Agora, Completes Senior Team

  02-12-2016 10:18
  
  Skuld announced the completion of the senior team at Agora, the special purpose arrangement (SPA) of Skuld Syndicate 1897, specializing in the property direct & facultative (D&F) and treaty markets. The SPA started trading in January 2016. “Agora, led by …
  
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• Maximum Hires Lenzsch as Insurance Producer in Chicago - Insurance Journal

  02-12-2016 08:02 via insurancejournal.com
  
  Maximum Hires Lenzsch as Insurance Producer in Chicago
  Insurance Journal
  Maximum, an independent, Chicago-based excess and surplus lines wholesaler, has hired JulieAnne Lenzsch as property producer in its corporate office. Lenzsch, who's relocating from the Houston, Texas-area, will bolster Maximum's property team with a ...
  
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• Maximum Hires Lenzsch as Insurance Producer in Chicago

  02-12-2016 07:58
  
  Maximum, an independent, Chicago-based excess and surplus lines wholesaler, has hired JulieAnne Lenzsch as property producer in its corporate office. Lenzsch, who’s relocating from the Houston, Texas-area, will bolster Maximum’s property team with a steep knowledge of coastal property, the …
  
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• Acentria Expands Into Miami Through Partnership with iSure Insurance Brokers - Insurance Journal

  02-12-2016 07:37 via insurancejournal.com
  
  Acentria Expands Into Miami Through Partnership with iSure Insurance Brokers
  Insurance Journal
  Acentria Insurance has expanded its presence in South Florida through a merged partnership with iSure Insurance Brokers, located in Miami. Established in 1984, iSure Insurance Brokers specializes in commercial insurance, employee benefits, human ...
  
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• Tennessee Wildfire Death Toll Rises to 7; City of Gatlinburg Surveys Damage

  02-12-2016 07:35
  
  Three more bodies were found in the ruins of wildfires that torched hundreds of homes and businesses in the Great Smoky Mountains area, raising the death toll to seven, a Tennessee mayor said Wednesday. Search-and-rescue missions continued, and Sevier County …
  
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• Acentria Expands Into Miami Through Partnership with iSure Insurance Brokers

  02-12-2016 07:30
  
  Acentria Insurance has expanded its presence in South Florida through a merged partnership with iSure Insurance Brokers, located in Miami. Established in 1984, iSure Insurance Brokers specializes in commercial insurance, employee benefits, human resource outsourcing and personal insurance. It will …
  
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• North Carolina Insurers Want 19.6% Rate Hike for Dwelling Policies

  02-12-2016 07:25
  
  The North Carolina Rate Bureau (NCRB) has requested a 19.6 percent rate increase on all dwelling insurance policies, according to a statement from the North Carolina Department of Insurance. NCDOI announced Dec. 1 it is reviewing NCRB’s Nov. 30 rate …
  
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• Willis Towers Watson Adds Lawrence, Gunn in Midwest Region

  02-12-2016 07:03
  
  Willis Towers Watson announced two key appointments in Midwest regional offices. Tom Lawrence has been appointed market leader for the Missouri/Kansas market, which includes key offices in Kansas City and St. Louis. He will oversee the company’s operations in the …
  
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• Insurance Telematics in Europe and North America - PR Newswire (press release)

  02-12-2016 06:07 via prnewswire.com
  
  Insurance Telematics in Europe and North America
  PR Newswire (press release)
  NEW YORK, Dec. 2, 2016 /PRNewswire/ -- Insurance Telematics in Europe and North America is the second strategy report from Berg Insight analysing the latest developments on the insurance telematics market This strategic research report from Berg ...and more »
  
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• 4 steps to help clients' businesses survive a catastrophic event

  02-12-2016 06:01
  
  Companies without a disaster recovery plan have a survival rate of less than 10 percent. A written disaster plan can provide direction and increase the chance of survival for your clients' businesses.
  
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• Personal Accident and Health Insurance in South Korea, Key Trends and Opportunities to 2020 - PR Newswire (press release)

  02-12-2016 05:21 via prnewswire.com
  
  Personal Accident and Health Insurance in South Korea, Key Trends and Opportunities to 2020
  PR Newswire (press release)
  Timetric's 'Personal Accident and Health Insurance in South Korea Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the South Korean personal accident and health insurance segment, and a comparison of the ...
  
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• Florida Supreme Court rules against insurance company after $11.2 million home demolished - News Chief

  02-12-2016 04:58 via newschief.com
  
  Florida Supreme Court rules against insurance company after $11.2 million home demolished
  News Chief
  In a case watched by insurance-industry groups, the Florida Supreme Court on Thursday ruled against an insurer in a dispute about paying for damage to a multimillion-dollar Naples home that had to be demolished after a combination of construction ...and more »
  
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• Republicans Are Going To Take Your Healthcare Away And Give Insurance Companies A Bailout - PoliticusUSA

  02-12-2016 04:45 via politicususa.com
  
  PoliticusUSA
  Republicans Are Going To Take Your Healthcare Away And Give Insurance Companies A Bailout
  PoliticusUSA
  Health insurance companies are warning that the system will collapse after Obamacare is repealed, so the solution that Republicans are working on involving giving billions of taxpayer dollars to insurance companies while taking health insurance away ...
  What your health insurance might look like under Trump's new health secretaryDeseret News
  More Georgians sign up for ACA insuranc
  
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• Chiropractor responds to lawsuit - KMSP-TV

  02-12-2016 01:57 via fox9.com
  
  KMSP-TV
  Chiropractor responds to lawsuit
  KMSP-TV
  A lawsuit alleges a Twin Cities chiropractor sent a car insurance company more than a million dollars in fraudulent bills. By: Ted Haller. Posted:Nov 30 2016 10:03PM CST. Updated:Dec 01 2016 03:16PM CST. (KMSP) - An attorney representing a chiropractor ...
  
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