Insurance news

• Iowa Insurance Commissioner Gerhart to Leave Post Effective Dec. 23

  06-12-2016 23:59
  
  Iowa Insurance Commissioner Nick Gerhart has resigned from his office effective Dec. 23, 2016. Deputy Commissioner Doug Ommen has been named as interim insurance commissioner upon Gerhart’s resignation. “I’m honored to have had the chance to serve Iowans by leading the Iowa Insurance …
  
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• Union Co. evaluating insurance choices - Palladium-Item

  06-12-2016 23:05
  
  Palladium-Item
  Union Co. evaluating insurance choices
  Palladium-Item
  LIBERTY, Ind. — The Union County Board of Commissioners postponed a decision on employee health insurance until they can learn more about the self-insured program proposed Monday. UnitedHealthcare, which has been the county's insurance carrier ...
  
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• Insurance Blind Spots: 5 Coverage Gaps That Could Cost You - WHIO

  06-12-2016 22:07
  
  Insurance Blind Spots: 5 Coverage Gaps That Could Cost You
  WHIO
  You might think you have airtight insurance protection against storms, car accidents and other mishaps. But you'd hate to discover hidden cracks in your coverage once it's too late. Here are five insurance problems you might not be as prepared for as ...and more »
  
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• Pinnacle Names Brobeck Senior Consulting Actuary in California

  06-12-2016 20:13
  
  Pinnacle Actuarial Resources Inc. has named Linda K. Brobeck a senior consulting actuary in the firm’s San Francisco, Calif. office. Brobeck has been in the property/casualty insurance industry since 1986 and has been providing actuarial consulting services since 2011. Her …
  
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• Supreme Court Upholds Katrina Fraud Verdict Against State Farm

  06-12-2016 19:15
  
  The Supreme Court on Tuesday handed a victory to two whistleblower sisters by upholding a jury verdict that found State Farm defrauded the U.S. government when the insurance company assessed damage caused by Hurricane Katrina along the Gulf of Mexico …
  
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• Whistleblowers win key ruling as justices reject State Farm’s case

  06-12-2016 19:03
  
  The U.S. Supreme Court ruled in favor of the whistleblowers in a case alleging State Farm acted improperly in processing insurance claims after Hurricane Katrina.
  
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• Insurance companies hesitate to leverage big data -- but things are changing - BetaNews

  06-12-2016 18:48
  
  BetaNews
  Insurance companies hesitate to leverage big data -- but things are changing
  BetaNews
  Insurance companies are mostly reluctant to use big data analytics to rate their customers' driving habits, but the trend is slowly picking up pace, a new report by PTOLEMUS Consulting Group says. The report is based on an analysis of the world's 27 ...
  
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• 1 Dead after 2 Vehicles Land in Water-Filled Texas Sinkhole

  06-12-2016 18:48
  
  Officials say one person has been killed and two others hurt when two vehicles fell into a water-filled sinkhole after a sewer line ruptured in San Antonio, Texas, during a rainstorm. San Antonio Fire Department Chief Charles Hood says crews …
  
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• Spradley, Cannon Promoted in NFP’s Austin Office

  06-12-2016 18:34
  
  Insurance broker and consultant NFP has appointed Suzanne Spradley senior vice president, associate general counsel and chief compliance officer, and Chase Cannon vice president, deputy chief compliance officer of benefits compliance. Both are based in Austin, Texas. Spradley will be …
  
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• Iowa Nursing Home Fined $11.5K Following Death Investigation

  06-12-2016 18:33
  
  An Iowa nursing home has been fined $11,513 after an investigation into the death of a resident in August. The Mason City Globe Gazette reports federal regulators imposed the fine after a state investigation determined that the Riceville Family Care …
  
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• Keystone Insurers Group Expands into Michigan

  06-12-2016 18:30
  
  Keystone Insurers Group has expanded to 11 states with the addition of its first partner in Michigan, Saginaw Bay Underwriters. Saginaw Bay Underwriters has offices in Saginaw, Bay City and Midland. Saginaw Bay Underwriters was established in 1863. Current President Peter …
  
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• Hub International Acquires Oklahoma’s Medley/Turrentine & Assoc.

  06-12-2016 18:28
  
  Chicago-based insurance broker Hub International Limited (Hub), has acquired the assets of Medley/Turrentine & Associates LLC, headquartered in Oklahoma City, Okla. Terms of the acquisition were not disclosed. Medley/Turrentine & Associates, and principals Daniel Medley and Brent Turrentine, specialize in property/casualty …
  
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• Latest pros and cons of medical marijuana in workers’ compensation

  06-12-2016 18:10
  
  As of the 2016 election, 28 states and the District of Columbia have legalized medical marijuana in some form.
  
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• Making Sure You Are Getting the Right Amount of Car Insurance - Nasdaq

  06-12-2016 17:52
  
  Nasdaq
  Making Sure You Are Getting the Right Amount of Car Insurance
  Nasdaq
  For many, car insurance is another monthly expense that you know you must have, but don't really give much mind to. You may be like most other consumers, simply filing out a quote, buying whatever the company recommends, and begrudgingly pay for it ...and more »
  
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• Supreme Court Orders Refiguring of Samsung’s Damages in Patent Fight with Apple

  06-12-2016 17:46
  
  The U.S. Supreme Court on Tuesday sided with Samsung in its big-money smartphone patent fight with Apple, throwing out an appeals court ruling that said the South Korean company had to pay a $399 million penalty to its American rival …
  
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• Insurance: An investment you don't want to pay off - FederalNewsRadio.com

  06-12-2016 17:39
  
  Insurance: An investment you don't want to pay off
  FederalNewsRadio.com
  Insurance is a funny (but not amusing) thing. It's an investment that you don't want to get your money's worth. When they buy homeowners insurance, most (sane) people don't hope their house floods or burns to the ground. People who take out long-term ...and more »
  
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• Will I still have health insurance in 2017? - Houston Chronicle

  06-12-2016 17:17
  
  Houston Chronicle
  Will I still have health insurance in 2017?
  Houston Chronicle
  I work in health care, and I teach about its management and health insurance. Since the presidential election, I've been asked lots of questions — the most common being: Will my family still have health insurance in 2017? The question is not ...
  Insurance Industry OK With Repealing Obamacare As Long As We Don't Actually Repeal ObamacareMother Jones
  The Problem With One-Size-Fits-All Health InsuranceNew York Ti
  
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• Verisk Teams with Driveway Software on Smartphone Telematics for Autos

  06-12-2016 17:16
  
  Property/casualty insurance data supplier Verisk Insurance Solutions has formed a strategic alliance with Silicon Valley’s Driveway Software to jointly develop a smartphone telematics product for automakers, insurers and drivers. The product will combine the Driveway smartphone telematics platform for data …
  
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• Swiss Re Veteran Hudzik to Head North America Casualty Operation

  06-12-2016 17:01
  
  Swiss Re has named Mike Hudzik as head of its North America Casualty unit, effective Jan. 1, 2017. He will also join the Americas and Casualty management teams and will report directly to Steve Arora, head of Casualty underwriting for …
  
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• “Optimizing” Life Insurance - WealthManagement.com

  06-12-2016 16:55
  
  WealthManagement.com
  “Optimizing” Life Insurance
  WealthManagement.com
  I periodically peruse the web to see what other insurance professionals are writing about. Sometimes I agree wholeheartedly and sometimes I just shake my head. Recently I saw a piece in which the author warned about “optimizing” an insurance portfolio.
  
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• Suit over Woman Shot by University of Arizona Officer Revived

  06-12-2016 16:51
  
  A federal appeals court has resurrected an excessive-force lawsuit by a woman who was shot by a University of Arizona police officer six year ago as she held a knife in her hand outside her home. Amy Hughes had lost …
  
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• Cleanup Costs of Oregon Train Derailment Along River Pilling Up

  06-12-2016 16:49
  
  Six months after a train hauling Bakken crude oil derailed along the Columbia River Gorge, Washington, Oregon and other officials are still tabulating a bill to send to Union Pacific Railroad. Union Pacific said in a statement that it is …
  
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• Rising Risks Could Cost Global Cities $1.17 Trillion of GDP in 2017: Cambridge Study

  06-12-2016 16:28
  
  The costs of major shocks to the global economy from natural and manmade threats could put at risk $1.17 trillion of the total projected GDP of the world’s major cities in 2017, according to the findings of a report compiled …
  
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• County Coroner in Pennsylvania Sounds Alarm After Cluster of Heroin ODs

  06-12-2016 16:25
  
  York County’s coroner is sounding the alarm after reporting three suspected heroin overdoses in a span of five hours. Coroner Pamela Gay took to Twitter to report the suspect overdoses, writing, “If you or a loved one is an IV …
  
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• Officials Investigate Massachusetts Fire That Damaged 15 Structures

  06-12-2016 16:19
  
  Fire investigators on Sunday were trying to determine what caused a massive blaze that ripped through a Boston-area neighborhood, displacing an estimated 60 to 80 people but “miraculously” resulting in no serious injuries or deaths. While the 10-alarm fire Saturday …
  
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• UK Gov’t Promises Insurers & Banks London Will Stay Top Finance Center – After Brexit

  06-12-2016 16:11
  
  The U.K. government promised to make sure London keeps its place as the leading financial center after Brexit, following top-level talks between global bank chiefs and senior ministers. U.K. Chancellor of the Exchequer Philip Hammond and Brexit Secretary David Davis …
  
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• UK Gov’t Promises Insurers & Banks London Will Remain as Finance Center – After Brexit

  06-12-2016 16:11
  
  The U.K. government promised to make sure London keeps its place as the leading financial center after Brexit, following top-level talks between global bank chiefs and senior ministers. U.K. Chancellor of the Exchequer Philip Hammond and Brexit Secretary David Davis …
  
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• Alston & Bird Adds Two Litigation Partners in New York

  06-12-2016 16:09
  
  International law firm Alston & Bird has hired Adam Kaiser and John Aerni as partners in the firm’s New York office. Both Kaiser and Aerni are senior litigators with more than 50 years of collective experience, previously working at Winston …
  
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• Massachusetts Based Hanover Elects Carlin to Board of Directors

  06-12-2016 15:29
  
  The Hanover Insurance Group Inc., the Worcester, Mass., based holding company for several property and casualty insurance companies, has elected Jane D. Carlin to the company’s board of directors. Carlin is a senior executive with experience in information and cyber …
  
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• Allianz Worldwide Partners Hires Wuensche as Head of Global Market Mgmt & Innovation

  06-12-2016 15:26
  
  Allianz Worldwide Partners* has appointed Matthias Wuensche as director, Global Market Management and Innovation, where he “will play a leading role in developing new product and service offerings and position Allianz Worldwide Partners as the partner of choice,” the company said …
  
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• What is Cyber Insurance and Do You Really Need It? - CSO Online

  06-12-2016 15:05
  
  What is Cyber Insurance and Do You Really Need It?
  CSO Online
  Cyber insurance seems to be a popular new buzzword for many businesses. Roughly 70% of companies are now trying to transfer the risk to a third party insurance company. Out of these, roughly 25% were spending $500,000 or more on premiums.and more »
  
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• Airbnb, New York City Settle Rental Law Lawsuit

  06-12-2016 15:03
  
  Airbnb Inc. and New York City said on Friday they had resolved a lawsuit brought by the company challenging a law it argued could expose it to significant penalties for advertising short-term apartment rentals. Airbnb filed the suit in October …
  
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• Are concurrent losses covered? Maybe not

  06-12-2016 15:00
  
  A loss involving covered and excluded events doesn't mean everything will be paid
  
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• Smartphone-Only Startup, ‘Number26,’ Grows in Europe with Banking, Insurance Services

  06-12-2016 14:46
  
  Smartphone-only bank Number26 is now offering its services in 17 countries in the euro zone, expanding from a smaller core of European markets it entered a year ago, it said on Tuesday. The Berlin-based company is backed by Li Ka-shing, …
  
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• FinTech Startup, ‘Number26,’ Grows in Europe, Offering Banking, Insurance

  06-12-2016 14:46
  
  Smartphone-only bank Number26 is now offering its services in 17 countries in the euro zone, expanding from a smaller core of European markets it entered a year ago, it said on Tuesday. The Berlin-based company is backed by Li Ka-shing, …
  
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• Apple Urges Regulators to Go Easy on Autonomous Vehicle Testing

  06-12-2016 14:40
  
  Apple Inc. is wading in to the debate over regulation of self-driving cars, declaring it is excited about the potential for automated transportation and calling on U.S. regulators not to restrict testing of such vehicles. A five-page letter from Steve …
  
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• Court Delays Appeal Over Obamacare’s Insurer Reimbursements Until After Trump Takes Office

  06-12-2016 14:25
  
  A federal appeals court on Monday agreed to put on hold until after U.S. President-elect Donald Trump takes office in January the Obama administration’s appeal of a judge’s ruling favoring a Republican challenge to a key part of the Obamacare …
  
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• Insurance industry education is more than just letters after your name

  06-12-2016 14:00
  
  Continued education isn't just nice to have. For many insurance professionals it's a requirement for their jobs or licenses. Here are some national organizations to help you get those designations.
  
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• For Cash-Strapped Workers, 'Insurance on Insurance' - Wall Street Journal

  06-12-2016 13:00
  
  Wall Street Journal
  For Cash-Strapped Workers, 'Insurance on Insurance'
  Wall Street Journal
  As health insurance deductibles rise, employers are offering workers special policies to help cover out-of-pocket costs. For many workers, paying for health care has become such a difficult budgeting exercise that the insurance industry is marketing ...
  Here's the Problem With Trump's Plan to Sell Health Insurance Across State LinesThe Fiscal Timesall 5 news articles »
  
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• How to execute a strong sales call back strategy

  06-12-2016 12:30
  
  Unless you are closing all your sales during the first call, you need a strong call back strategy.
  
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• Signed Out Of Prison But Not Signed Up For Insurance, Inmates Fall Prey To Ills - Kaiser Health News

  06-12-2016 12:03
  
  Kaiser Health News
  Signed Out Of Prison But Not Signed Up For Insurance, Inmates Fall Prey To Ills
  Kaiser Health News
  Photo Credit: Inmates walk the hallways of Curran-Fromhold Correctional Facility in Philadelphia, Pennsylvania. (Mark Makela/Reuters). Twitter · Facebook · LinkedIn · Email · Print · Republish · Twitter · Facebook · LinkedIn · Email · Print · Republish.and more »
  
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• 6 predictions for Trump-era housing market

  06-12-2016 12:00
  
  Millennials will play a significant role in increasing the homeownership rate, but President-elect Donald Trump’s policies could make their purchase more expensive.
  
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• U.K. Financial Firms Paid $91B in Annual Tax: City of London Report

  06-12-2016 11:41
  
  Financial companies in the U.K. paid 71.4 billion pounds ($91 billion) in tax in the latest fiscal year, 7.4 percent more than a year earlier, driven by an increase in the levy on banks’ balance sheets, a report from the …
  
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• Uber Drivers in Taiwan Threatened with Fines of $780,000 in Draft Rules

  06-12-2016 11:25
  
  Investors and companies are getting a preview of how the Taiwan government’s plan to become “Asia’s Silicon Valley” might fare. Uber Technologies Inc., one of Silicon Valley’s most disruptive companies and valued at more than $60 billion, launched services in …
  
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• New research suggests only 12% of older Americans have dental insurance - News-Medical.net

  06-12-2016 09:53
  
  New research suggests only 12% of older Americans have dental insurance
  News-Medical.net
  Only 12 percent of older Americans have some form of dental insurance and fewer than half visited a dentist in the previous year, suggests new Johns Hopkins Bloomberg School of Public Health research on Medicare beneficiaries. Insurance status appeared ...and more »
  
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• Berkley to Launch High Net Worth Personal Lines Brand ‘Berkley One’

  06-12-2016 08:00
  
  W.R. Berkley Corporation has launched a new high net worth personal lines brand, Berkley One. Set to launch its products in the latter half of 2017, Berkley One will offer specialty personal insurance coverages to sophisticated individuals and families, supported …
  
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• Insureon CEO on Growth, Hockey Pucks and the Perils of Complacency

  06-12-2016 07:11
  
  A major online provider of commercial insurance for small businesses in the United States keeps track of its growth milestones with hockey pucks. OK, that might be a bit of a stretch but Chicago-based Insureon definitely has found hockey pucks to …
  
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• Recent Rain Does Little to Ease South Carolina Drought

  06-12-2016 07:08
  
  South Carolina’s Upstate region remains in drought conditions despite rain in recent days. A new drought map issued by the state on Thursday finds Oconee, Pickens and Anderson counties still in severe drought conditions. More than a dozen other counties …
  
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• Supreme Court Takes Up Case on Liability When Police Provoke Violence

  06-12-2016 07:00
  
  The U.S. Supreme Court agreed to decide whether Los Angeles County and two police officers must pay a $4 million award to a couple shot during a search for someone else. The case, which comes at a time of heightened …
  
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• PCI Viewpoint: Role of Government in Automated Driving Revolution

  06-12-2016 07:00
  
  The following is the viewpoint of the Property Casualty Insurers Association of America (PCI) as given before the  Subcommittee on Transportation, Housing and Urban Development, and Related Agencies of the Senate Appropriations Committee at a hearing on “The Automated & …
  
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