Insurance news

• 6.5 earthquake jolts Indonesia killing at least 100, destroying buildings

  07-12-2016 22:56
  
  The epicenter was originally placed undersea, and a tsunami was feared, but this quake has not generated one. There have been at least 12 aftershocks reported.
  
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• Survey: California Leads Nation in Insurers Contracting with Diverse Businesses

  07-12-2016 22:01
  
  California Insurance Commissioner Dave Jones hailed the results from the first national survey of the insurance industry around supplier and governing board diversity issued today. Insurance commissioners from six states – California, District of Columbia, Minnesota, New York, Oregon, and …
  
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• Pakistan airlines crash kills all 48 on board after engine fails

  07-12-2016 20:40
  
  The pilot called 'May Day' after reporting the engine’s failure, before losing contact with aviation control.
  
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• Warehouse party safety: What to watch out for & how to prepare

  07-12-2016 20:00
  
  There are measures everyone can take to increase safety at venues and events.
  
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• Train Carrying BMWs Derails in South Carolina; Damages 97 Cars

  07-12-2016 18:44
  
  Authorities say a train carrying BMWs from an automaking plant in South Carolina derailed on Sunday and that 97 of the vehicles were damaged. Multiple media organizations report that the train carrying nearly 100 cars was on its way to …
  
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• Oklahoma Residents Sue Companies over Mag 5.0 Quake in Cushing

  07-12-2016 18:24
  
  Five companies are being sued over a magnitude 5.0 earthquake at Cushing, Oklahoma. The lawsuit filed by David and Myra Reid, Valerie Branyan and Timothy Harris names White Star Petroleum, Crown Energy Company, PetroWarrior LLC, Cher Oil Company and FHA …
  
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• Baby Mix-Up at Minneapolis Hospital Leads to Lawsuit

  07-12-2016 18:23
  
  A Minnesota woman filed a lawsuit against a health care provider after her newborn was mistakenly given to another mother at a hospital and breastfed. Tammy Van Dyke, of Apple Valley, recently filed the lawsuit in Hennepin County seeking more …
  
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• Insurance Crime Watchdog Reveals Mystery Device Used by Vehicle Thieves

  07-12-2016 17:32
  
  Insurance crime investigators recently went on a crime spree, breaking into vehicles and stealing them. It was all part of an effort to draw attention to technology that the National Insurance Crime Bureau (NICB) says is being used to not …
  
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• Over-Compensating Data Breach Victims Can Backfire

  07-12-2016 16:39
  
  Compensation in response to a data breach is most effective when it meets customers’ expectations for what is appropriate, according to a new study by information systems researchers at the University of Arkansas. Such data breaches encompass privacy, information and …
  
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• Oregon Backs off Testing Regulations for Pot Industry

  07-12-2016 16:35
  
  The state of Oregon has temporarily eased up on testing requirements for marijuana, days after business insiders warned that new rules would cause a drop in state tax revenues, an increase in black-market sales and layoffs in the industry. The …
  
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• Oregon Water District, Couple Sued over Fatal 2015 Slide

  07-12-2016 16:31
  
  Two sons of an Oregon woman who died when a mudslide tore through her home last winter seek nearly $10 million in a lawsuit filed against a Florence couple and a utility district. Stephen Miller and Keith Eldien allege the …
  
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• Colleagues of Oakland Artists’ Colony Founder Paint Caustic Portrait

  07-12-2016 16:27
  
  The founder of a ramshackle Oakland artists’ colony where dozens of people burned to death saw himself as a kind of guru and loved to surround himself with followers but showed chilling disregard for their well-being, according to relatives, neighbors …
  
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• Exposures are 'greater than ever,' but opportunity remains in energy insurance

  07-12-2016 16:24
  
  Energy companies in some sectors have deferred asset maintenance and upgrades over the past several years, which has resulted in a rush of claims approaching billion-dollar losses.
  
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• Maryland Arts Building Shut Down for Safety Violations

  07-12-2016 15:40
  
  Baltimore officials have shut down the Bell Foundry arts building in the Station North arts and entertainment district for safety violations. The Baltimore Sun reports officials boarded up the two-story building Monday, evicting dozens of artists from their work spaces. …
  
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• Gruber to Succeed Larson as President of Great American Insurance Co.

  07-12-2016 15:40
  
  Gary J. Gruber has been promoted president and chief operating officer of Great American Insurance Co., effective January 1, 2017.  Gruber will become the seventeenth president in Great American’s 145-year history, assuming this title from Donald D. Larson, who recently …
  
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• Rolling Stone Challenges Verdict in University of Virginia Defamation Case

  07-12-2016 15:30
  
  Rolling Stone magazine urged a federal judge on Monday to overturn the verdict of a jury, which found that the publication and a reporter defamed a University of Virginia administrator with their botched story about a gang rape on campus. …
  
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• California’s Cyence Hires Merchant to New York City Office

  07-12-2016 15:16
  
  Cyence, a San Mateo, Calif., based company that works to empower the insurance industry to model the economic impact of cyber risk, has named John Merchant as director of business development. He will be working with Cyence’s network of insurance …
  
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• IIABNY Promotes Bixby to President of IAAC

  07-12-2016 15:07
  
  Independent Insurance Agents & Brokers of New York (IIABNY) has promoted Brian R. Bixby to president of IAAC, the trade group’s service corporation that provides financial support to IIABNY by offering insurance products for the association’s members to sell and …
  
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• Health Insurers Warm to Replacing Individual Mandate with Incentives

  07-12-2016 14:54
  
  U.S. health insurers signaled Tuesday that they’re willing to give up a cornerstone provision of Obamacare that requires all Americans to have insurance, replacing it with a different set of incentives less loathed by Republicans who have promised to repeal …
  
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• Report Criticizes FAA Safety Oversight of Drones as Lax

  07-12-2016 14:30
  
  U.S. aviation regulators approved commercial drone applications so quickly in recent years that they missed safety violations and took few enforcement actions, a government watchdog report concluded. The Federal Aviation Administration over a two-year span granted more than 5,500 exemptions …
  
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• TPA Gallagher Bassett Names McNamara as Managing Director, Australia

  07-12-2016 14:05
  
  Third party administrator Gallagher Bassett (GB)* has appointed John McNamara to the position of managing director – Australia, effective Jan. 1, 2017. McNamara succeeds Jon Winsbury who is moving into the role of executive vice president, Gallagher Bassett International. McNamara …
  
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• 9 fraudsters join the Hall of Shame

  07-12-2016 14:00
  
  Meet the newest insurance fraud criminals to achieve infamy.
  
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• Insured Losses from Italy’s October Earthquakes Estimated at $33.3M: PERILS

  07-12-2016 13:20
  
  The initial estimate of the property insurance market loss from the series of earthquakes that hit central Italy in October is €31 million ($33.3 million), according to PERILS, the independent Zurich-based organization that provides industry catastrophe insurance data. Three major …
  
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• Check CLUE insurance claim database for red flags before buying home - USA TODAY

  07-12-2016 13:03 via usatoday.com
  
  USA TODAY
  Check CLUE insurance claim database for red flags before buying home
  USA TODAY
  When purchasing a home, there are tons of things to worry about — the interest rate on your loan, property taxes and whether the kitchen has enough counter space, just to name a few. But one big topic many buyers overlook is the cost of insuring your ...
  
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• Credit Guarantee & Investment Facility Signs Inaugural Treaty Led by Munich Re

  07-12-2016 12:25
  
  The Credit Guarantee and Investment Facility (CGIF)* announced it has executed its inaugural reinsurance treaty, with a panel of market leading private reinsurers, led by the specialist credit reinsurance team of Munich Re. This treaty, which incepted on Oct. 1, …
  
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• Culture is at the core of building a diverse and inclusive insurance industry

  07-12-2016 12:00
  
  The insurance industry is better and stronger when companies have a culture of inclusion.
  
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• 7 reasons why friends prefer doing business with you

  07-12-2016 12:00
  
  Conventional wisdom instructs us not to do business with friends. Here are seven reasons why you should.
  
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• State Auto Western Region Adds McCarty as Underwriting Manager in Texas

  07-12-2016 07:42
  
  State Auto’s Western Region has added Bob McCarty as underwriting manager for the Central/Southern Texas area. He is based in Austin. McCarty has 30 years of insurance and management experience. He began his career in insurance after retiring from the U.S. …
  
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• Louisiana Citizens’ Policy Count to Drop Below 60K

  07-12-2016 07:34
  
  Louisiana Insurance Commissioner Jim Donelon announced that the total policy count for the state’s property insurer of last resort is set to approach 54,500 with the most recent round of depopulation. That number represents a significant drop from a high of …
  
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• Health insurance signup event set - messenger-inquirer

  07-12-2016 07:03 via messenger-inquirer.com
  
  KSDK.com
  Health insurance signup event set
  messenger-inquirer
  The Green River District Health Department is hosting a special health insurance enrollment event in Owensboro on Thursday aimed at guiding people through the signup for insurance on a new platform and during a turbulent time in state and national ...
  More than 20000 Kentuckians sign up for insurance through Healthcare.govBowling Green Daily News
  60k Missourians have signed up for insurance through Healthcare.govKSDK.comall 8 news ar
  
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• 400 Orange Trees Stolen From Florida Grove

  07-12-2016 06:23
  
  Authorities in a central Florida county are looking for a thief who stole more than 400 newly-planted orange trees from a grove. Orlando television station WFTV reported Monday that Polk County Sheriff’s Office deputies were investigating the disappearance of the …
  
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• National Weather Service Confirms 20 Tornadoes Hit Alabama Last Week

  07-12-2016 06:18
  
  The National Weather Service says forecasters have confirmed that 20 tornadoes touched down in Alabama last week. The agency says storm surveys found damage from 11 twisters in central Alabama and nine more in north Alabama. The strongest was the …
  
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• Tennessee Insurance Department Works With Insurers to Pinpoint Wildfire Claims - Insurance Journal

  07-12-2016 06:12 via insurancejournal.com
  
  Tennessee Insurance Department Works With Insurers to Pinpoint Wildfire Claims
  Insurance Journal
  Devastating wildfires that have hit the state of Tennessee, particularly in the City of Gatlinburg, have caused widespread damage, with 656 claims reported to the Tennessee Department of Commerce and Insurance (TDCI) as of Dec. 1. That number will ...
  
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• Businesses Unharmed in Tennessee City Devastated by Wildfires Set to Reopen

  07-12-2016 06:12
  
  Chirping and beeping filled the air as Marion Paul fired up her Gatlinburg video arcade Monday, the first time she’s seen her business since deadly wildfires set much of the city ablaze a week ago. Sooty floors needed dusting. Spoiled …
  
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• Tennessee Insurance Department Works With Insurers to Pinpoint Wildfire Claims

  07-12-2016 06:06
  
  Devastating wildfires that have hit the state of Tennessee, particularly in the City of Gatlinburg, have caused widespread damage, with 656 claims reported to the Tennessee Department of Commerce and Insurance (TDCI) as of Dec. 1. That number will undoubtedly …
  
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• Bartlesville Doctor Ditches Insurance In Favor Of Memberships - News On 6

  07-12-2016 04:45 via newson6.com
  
  News On 6
  Bartlesville Doctor Ditches Insurance In Favor Of Memberships
  News On 6
  Dr. Thomas Britt will now offer a membership model because he said the health care industry is making it impossible to keep the doors open. Britt said he isn't encouraging people to drop health insurance but to use his membership and buy a cheaper ...
  
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• Climate protection gap widening, warns insurance report - BBC News

  07-12-2016 02:41 via bbc.com
  
  Climate protection gap widening, warns insurance report
  BBC News
  Experts have warned of a $100bn (£79bn) "protection gap" in the global insurance sector as a result of the rising impact of climate risks. ClimateWise, based at the University of Cambridge, warned that the gap of uninsured or under-insured assets had ...and more »
  
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• Insurance company denies wheelchair for woman with muscular dystrophy - FOX 10 News Phoenix

  07-12-2016 02:25 via fox10phoenix.com
  
  FOX 10 News Phoenix
  Insurance company denies wheelchair for woman with muscular dystrophy
  FOX 10 News Phoenix
  A woman dependent on a wheelchair is denied access to a new one by her insurance company. FOX 10's Linda Williams reports. By: Linda Williams. Posted:Dec 06 2016 06:18PM MST. Updated:Dec 06 2016 06:20PM MST. PHOENIX - Many of us had to ...
  
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• County workers get more money for insurance as pension debt looms - Fresno Bee

  07-12-2016 01:57 via fresnobee.com
  
  County workers get more money for insurance as pension debt looms
  Fresno Bee
  Fresno County contributions for insurance are near the bottom of a survey by county officials. With county supervisors' approval, the contributions will rise $50. Fresno. Supervisor Debbie Poochigian Fresno. Supervisor Henry R. Perea JUAN ESPARZA ...
  
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• Altmaier: Insurance Industry Weathering First Test In Decades - WFSU

  07-12-2016 00:50 via news.wfsu.org
  
  WFSU
  Altmaier: Insurance Industry Weathering First Test In Decades
  WFSU
  Florida's top insurance regulator says despite a decade-long hurricane drought, Hermine and Matthew did not catch the industry off guard. Insurance Commissioner David Altmaier says Florida insurers appear to be responding well to Hurricane's Hermine ...
  About a third of insurance claims from Florida's 2016 hurricanes were deniedTampabay.comall 4 news articles »
  
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• Tesla recalls 7,000 accessory charging adapters after 2 overheat

  07-12-2016 00:48
  
  The two cases of overheating equipment involved the NEMA 14-30 adapters, which are sometimes used to charge Tesla vehicles via clothes-drier appliance outlets in U.S. homes.
  
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• Teachers' insurance program to seek funding increase - Montgomery Advertiser

  07-12-2016 00:41 via montgomeryadvertiser.com
  
  Montgomery Advertiser
  Teachers' insurance program to seek funding increase
  Montgomery Advertiser
  After a round of premium increases, the state's teacher insurance program will turn to the state for help avoiding more increases in 2018. Desk globe. (Photo: The Register). Staff for the Public Education Employees Health Insurance Program (PEEHIP ...
  
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• Editorial: More Iowans sign up for 'Obamacare' insurance - DesMoinesRegister.com

  07-12-2016 00:16 via desmoinesregister.com
  
  DesMoinesRegister.com
  Editorial: More Iowans sign up for 'Obamacare' insurance
  DesMoinesRegister.com
  Americans who buy health insurance through a job may take for granted the protections of employer-based plans. All eligible workers, whether triathletes or cancer survivors, are offered coverage. A coworker is not denied benefits because he's had four ...and more »
  
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• Norman-Spencer Agency Promotes Sexton to VP

  07-12-2016 00:03
  
  National property/casualty insurance provider Norman-Spencer Agency Inc., based in Dayton, Ohio, has promoted Paul Sexton to the position of vice president, product management and development. Sexton previously served as the practice leader for the agency’s watercraft unit. In his new …
  
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• Iowa Insurance Commissioner Gerhart to Leave Post Effective Dec. 23 - Insurance Journal

  07-12-2016 00:03 via insurancejournal.com
  
  Iowa Insurance Commissioner Gerhart to Leave Post Effective Dec. 23
  Insurance Journal
  “I'm honored to have had the chance to serve Iowans by leading the Iowa Insurance Division, however both myself and my family feel that as my term is ending, now is the right time to move forward to other opportunities and focus on our family as it ...and more »
  
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