Insurance news

• Suit Accuses California University of Mishandling Sex Assault Reports

  09-12-2016 20:30
  
  A Stanford University graduate student claimed in a federal lawsuit that the school failed to adequately investigate and discipline a former student who was a “known sexual predator” while attending the college and sexually assaulted her and other female students …
  
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• U.S. Approves Modified Arkansas’ ‘Private Option’ Medicaid Expansion

  09-12-2016 18:45
  
  Arkansas Gov. Asa Hutchinson says federal officials have approved a number of changes the state wants to make in a Medicaid expansion program known as “Arkansas Works.” The governor said that the Department of Health and Human Services will authorize …
  
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• State Police: Man Arrested in Louisiana Had $393K Worth of Stolen Vehicles

  09-12-2016 18:42
  
  The Louisiana State Police announced the arrest of a 38-year-old St. Bernard man who is accused of possessing approximately $393,000 worth of stolen vehicles. Detectives assigned to the Bureau of Investigations Auto Theft/Insurance Fraud Unit arrested Demetrius Robinson on Dec. …
  
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• 3 Texas Companies Rack Up $277K in Penalties for Safety Violations

  09-12-2016 18:33
  
  Together, three Texas companies are facing federal penalties totaling more than $277,000 for failing to provide safe environments for their employees. During the past two weeks, the federal Occupational Safety and Health Administration has cited and fined CPE Feeds Inc. …
  
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• Balloon pilot who killed 16 in Texas was on drugs, had many DWIs

  09-12-2016 18:02
  
  The pilot of a hot-air balloon that crashed last summer in Texas, killing himself and 15 sight-seeing passengers, had taken a cocktail of prohibited drugs before liftoff including the opiate pain-killer oxycodone.
  
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• Study: California Medical Payments Per Comp Claim Decreased After SB 863

  09-12-2016 17:53
  
  California Senate Bill 863 may have contributed to decreases in medical payments per workers’ compensation claim in 2013 and 2014, according to a study by the Workers Compensation Research Institute. The WCRI study s hows medical payments per claim in …
  
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• Study: California Medical Payments Per Comp Claim Decreased After Reforms

  09-12-2016 17:53
  
  California Senate Bill 863 may have contributed to decreases in medical payments per workers’ compensation claim in 2013 and 2014, according to a study by the Workers Compensation Research Institute. The WCRI study shows medical payments per claim in California …
  
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• Auto-Owners Insurance Proposes Affiliation with New Hampshire-Based Concord

  09-12-2016 17:41
  
  Auto-Owners Insurance, a Lansing, Michigan, based insurance provider, has announced its proposed affiliation with the Concord, N.H., based Concord General Mutual Insurance group of companies. The transaction has been approved by both Auto-Owners’ and Concord’s boards and is expected to …
  
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• Judge denies State Farm request for stay on order to reduce rates in California

  09-12-2016 17:33
  
  Insurer will have to comply with insurance commissioner's Dec. 13 deadline to cut homeowner and renter charges.
  
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• Morning Break: Heroin Deadlier than Guns; Abilify Fines; Interstate Insurance Flops - MedPage Today

  09-12-2016 16:58
  
  Morning Break: Heroin Deadlier than Guns; Abilify Fines; Interstate Insurance Flops
  MedPage Today
  For the first time, heroin deaths surpass gun homicides in the U.S. It's even worse factoring in fentanyl and other synthetics. (Washington Post). Meanwhile, Canada is opening "overdose prevention sites." (CBCNews). Finally, Endo International sold the ...
  
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• Los Angeles Suing 4 Major Retailers Alleging Deceptive Ads

  09-12-2016 16:51
  
  The Los Angeles city attorney’s office is suing four retailers for allegedly duping shoppers into believing they got bigger discounts than they actually did. The Los Angeles Times reported that the lawsuit alleging deceptive advertising was filed Thursday against JC …
  
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• LP Insurance in Nevada Names Banes Shareholder, Director of Risk Management

  09-12-2016 16:39
  
  Reno, Nev.-based LP Insurance Services Inc. has named Jared Banes a shareholder and director of risk management. Banes will also continue as a sales executive at LP Insurance, a role he’s held since 2013. He will also assume oversight of …
  
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• XL Catlin Names Gale and Littlemore to Lead Bermuda & London Reinsurance Units

  09-12-2016 16:24
  
  XL Catlin’s reinsurance operations today announced two key leadership appointments, both effective January 2017. Jonathan (Jon) Gale, currently chief executive London Reinsurance, will take over as chief executive Bermuda Reinsurance subject to Bermuda Immigration approval, while Rob Littlemore, currently underwriting …
  
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• XL Catlin Names Gale & Littlemore to Lead Bermuda, London Reinsurance Units

  09-12-2016 16:24
  
  XL Catlin’s reinsurance operations today announced two key leadership appointments, both effective January 2017. Jonathan (Jon) Gale, currently chief executive London Reinsurance, will take over as chief executive Bermuda Reinsurance, subject to Bermuda Immigration approval, while Rob Littlemore, currently underwriting …
  
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• New Safety Rules Approved After Fatal Massachusetts Duck Boat Accident

  09-12-2016 15:45
  
  Massachusetts lawmakers have given final approval to new safety rules for amphibious sightseeing vehicles, more commonly known as duck boats. The bill was enacted by the House and Senate during informal sessions. The measure would require all duck boat operators …
  
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• Reviewing insurance coverage in the New Year - Suburban Life Publications

  09-12-2016 15:26
  
  Suburban Life Publications
  Reviewing insurance coverage in the New Year
  Suburban Life Publications
  Auld lang syne. It means, roughly, “a long time since.” Old Rabbie Burns was the first poet to record the sentiment, and his fellow Scots were the first to sing it, yearly, to mark December's passing. The lads' nostalgia become custom, though – and, to ...
  
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• Kallo to Succeed McAuliffe as President of Berkley Regional Specialty

  09-12-2016 15:17
  
  W.R. Berkley Corp. has named Miklos F. Kallo as president of Berkley Regional Specialty. He succeeds Paul S. McAuliffe, who will retire at the end of the year after 15 years of service with W. R. Berkley Corp. The appointment …
  
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• Uber Wants Pennsylvania to Delay Rules for Driverless Cars

  09-12-2016 15:14
  
  Ride-sharing company Uber wants the Pennsylvania Department of Transportation to delay policy recommendations that govern the testing of driverless cars. Uber, which has been testing the driverless cars in Pittsburgh for weeks, wants PennDOT to wait for legislation to be …
  
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• School Bus Driver in Fatal Maryland Crash was Speeding, Had Prior Wrecks

  09-12-2016 15:08
  
  The driver of a Baltimore school bus that careened into a transit bus, killing him and five others, was speeding, had a history of previous crashes and had a seizure the week before, national investigators said Wednesday. Glenn Chappell was …
  
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• Insurance Institute's Top Safety Pick List Shrinks Under New Headlight Standards - Insurance Journal

  09-12-2016 15:01
  
  Insurance Journal
  Insurance Institute's Top Safety Pick List Shrinks Under New Headlight Standards
  Insurance Journal
  To help avoid deadly accidents, an insurance industry group raised standards for headlight performance, reducing the number of vehicles that earned its highest safety rating. Only 38 models were awarded the Insurance Institute for Highway Safety's ...
  Insurance group picks its safest 2017 vehiclesCBS News
  Safest Cars For 2017 Announced By Insurance Institute For Highway Safe
  
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• What’s on the horizon for P&C insurers in 2017?

  09-12-2016 15:00
  
  EY report highlights changes and challenges to come
  
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• Insurance is facing a storm of disruption - this Danish giant's strategy is to innovate from within with startups - Business Insider Nordic

  09-12-2016 14:57
  
  Business Insider Nordic
  Insurance is facing a storm of disruption - this Danish giant's strategy is to innovate from within with startups
  Business Insider Nordic
  What to do when you are a 288-year old giant encountering disruption? Take in the competition. Tryg, founded in 1728 and today the second largest insurance company in the Nordic region, recently opened The Camp. It is an innovation hub located in the ...
  
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• Insurance Institute’s Top Safety Pick List Shrinks Under New Headlight Standards

  09-12-2016 14:57
  
  To help avoid deadly accidents, an insurance industry group raised standards for headlight performance, reducing the number of vehicles that earned its highest safety rating. Only 38 models were awarded the Insurance Institute for Highway Safety’s designation of Top Safety …
  
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• Combine Long-Term Care With Life Insurance? Do the Numbers First - New York Times

  09-12-2016 14:40
  New York Times
  Combine Long-Term Care With Life Insurance? Do the Numbers First
  New York Times
  It's Not Just the White House. Change Is in the Air on Wall St., Too · Retiring. No Rest at Rest Home: Fighting Bias Against Gays and Lesbians · Wealth Matters. How to Give an I.R.A. to Children Without Giving Up Control. Loading... See next articles.
  
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• A Conciliatory Airbnb Offers Guidelines for Cities’ Homesharing Regulation

  09-12-2016 14:39
  
  In a moment of peace-making with regulators, Airbnb on Wednesday released a set of policy suggestions for governments that are considering new laws for home- and apartment-renting. The document, which comes on the heels of concessions with cities including New …
  
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• Keystone Insurers Group Adds More Michigan Agencies

  09-12-2016 14:31
  
  Keystone Insurers Group announced the addition of three more agency partners in Michigan: Nulty Insurance Agency, Ottawa Kent Insurance and Mason-McBride Inc. Keystone recently expanded into Michigan, adding Saginaw Bay Underwriters, which has offices in Saginaw, Bay City and Midland. Nulty Insurance, …
  
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• Judge Sides with Insurer in Greg Allman Movie Producer Coverage Dispute

  09-12-2016 14:18
  
  A California federal judge has rendered a ruling on the insurance dispute that emanated from the fatal train accident during the 2014 shooting of the Gregg Allman biopic Midnight Rider in Georgia. In a summary judgment opinion released on Thursday, the …
  
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• President-elect Trump likely to back broad insurance goals - PropertyCasualty360

  09-12-2016 14:11
  
  PropertyCasualty360
  President-elect Trump likely to back broad insurance goals
  PropertyCasualty360
  The Financial CHOICE Act, the National Flood Insurance Program, the Affordable Care Act and the Cadillac Tax are all likely to be passed or reformed during 2017. (Photo: Shutterstock). This is not a good time to be trying to predict with accuracy how ...and more »
  
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• President-elect Trump likely to back broad insurance goals

  09-12-2016 14:00
  
  With Republicans controlling both houses of Congress, the insurance industry is cautiously optimistic of the passage of a Dodd-Frank rollback bill and Wall Street reform
  
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• SBI to sell $266 million stake in life insurance arm to KKR, Temasek - Reuters

  09-12-2016 13:07
  
  Reuters
  SBI to sell $266 million stake in life insurance arm to KKR, Temasek
  Reuters
  An electrician puts lights on the logo of State Bank of India at its main branch in Mumbai, India, March 9, 2016. REUTERS/Danish Siddiqui/File Photo. MUMBAI State Bank of India (SBI.NS) has agreed to sell a 3.9 percent stake in its life insurance arm ...and more »
  
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• ArgoGlobal Taps Endurance’s Thompson as Hull Class Underwriter

  09-12-2016 12:08
  
  ArgoGlobal, the Lloyd’s insurer and member of Argo Group, has announced the appointment of Michael Thompson as hull class underwriter. He takes up the role with immediate effect and will report to Steve O’Gorman, head of marine. Thompson brings nearly …
  
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• Start your New Year’s business plan now

  09-12-2016 12:00
  
  The holiday season and approaching New Year present an opportunity to seriously take stock of your inventory, motivations, habits, achievements and unaccomplished goals.
  
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• Solar spotlight: New opportunities in renewable energy

  09-12-2016 12:00
  
  Here’s a look at the growth of solar power in California, solar generation and solar storage, and the new underwriting challenges these present for insurance carriers.
  
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• Iowa insurance commissioner to give up his post

  09-12-2016 12:00
  
  Nick Gerhart's family is expecting a fourth child, which is the reason given for his resignation effective Dec. 23.
  
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• Marsh Names 25 Apprentices in UK to Promote Youth Opportunities

  09-12-2016 11:55
  
  Marsh announces the appointment of 25 apprentices to its 2016 UK Apprentice Program, which offers young people employment and training opportunities across the firm’s UK office network. This year’s apprentices join Marsh in Bristol, Edinburgh, Manchester, Newcastle and Norwich. Marsh’s …
  
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• Bangladesh Investigators Blame Negligence of Bank Insiders for $81M Cyber Heist

  09-12-2016 11:44
  
  A Bangladesh government-appointed panel investigating the cyber-heist of $81 million from its central bank in February found five officials at the bank were guilty of negligence and carelessness, the head of the panel told Reuters on Thursday. In his first detailed …
  
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• Cyber Market Hampered by Insurability Challenges: Geneva Assoc. Report

  09-12-2016 11:30
  
  While insurance against cyber risk represents a tremendous new business for the insurance industry, numerous problems with the insurability currently impede the development of the market,” according to a new report published by the Geneva Association. The report, titled “Ten …
  
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• China insurance regulator bars Evergrande Life from stock market investmen... - Reuters

  09-12-2016 11:02
  
  China insurance regulator bars Evergrande Life from stock market investmen...
  Reuters
  BEIJING Dec 9 China's insurance regulator said late on Friday it has suspended Evergrande Life, the insurance arm of China Evergrande Group, from conducting stock market investment due to its speculative, frequent, high-volume trading. The China ...and more »
  
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• Insurance companies aren't covering climate risk — is Big Data to blame? - GreenBiz

  09-12-2016 10:07
  
  GreenBiz
  Insurance companies aren't covering climate risk — is Big Data to blame?
  GreenBiz
  Extreme weather means value of uninsured losses due to climate change have quadrupled since the 1980s. The insurance sector is struggling to manage escalating risk for society as the cost of climate change begins to bear down in the form of more ...and more »
  
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• New Army Cyber Command Headquarters to Open in Georgia

  09-12-2016 07:14
  
  Military officials at Fort Gordon in east Georgia have broken ground for the future headquarters of the U.S. Army’s cyber operations. Lt. Gen. Paul Nakasone, commanding general of U.S. Army Cyber Command and Second Army, said the recent groundbreaking is …
  
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• Reliance Partners Taps Claridy to Lead New Alabama Office

  09-12-2016 07:04
  
  Chattanooga, Tenn.-based Reliance Partners, a provider of commercial insurance focused on the transportation and logistics space, has announced the opening of the company’s new Birmingham, Ala., location. Eddie Claridy will lead the new Reliance operation locally in Birmingham. He is …
  
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• Do’s and Don’ts for Making the Company Holiday Party Work for You

  09-12-2016 07:00
  
  It’s been a long year. You’ve worked hard, racked up a lot of hours on the job, sweat the details. Did anyone notice? Maybe there’s still one last chance this year, you wonder, to remind the higher-ups of that effort …
  
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• $29.5M to be Paid Out From Florida’s Pulse Nightclub Victims’ Fund

  09-12-2016 06:56
  
  Officials with a fund created from donations for victims of the Pulse nightclub shooting say they will distribute $29.5 million on 305 claims when the process is completed. Officials with OneOrlando Fund said Dec. 2 that $27.4 million has been …
  
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• When is pet insurance a good idea? And is it worth it? - ABC15 Arizona

  09-12-2016 06:55
  
  ABC15 Arizona
  When is pet insurance a good idea? And is it worth it?
  ABC15 Arizona
  It's best to know the details the insurance offers to see if it's a good investment. KNXV. Copyright 2016 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. It's best to know the details ...
  
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• Tennessee Wildfires That Killed 14 Allegedly Started by 2 Juveniles

  09-12-2016 06:43
  
  Authorities on Wednesday charged two juveniles in an East Tennessee wildfire that killed 14 people and destroyed or damaged more than 1,700 buildings in an iconic tourism spot at the foot of the Great Smoky Mountains. Officials offered few other …
  
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• Uganda: Insurance Companies to Jointly Cover Oil and Gas - AllAfrica.com

  09-12-2016 06:32
  Uganda: Insurance Companies to Jointly Cover Oil and Gas
  AllAfrica.com
  Kampala — As government moves towards the production phase of oil from the Albertine region, insurance companies in Uganda have announced that they will jointly cover risks in the oil and gas sector. Addressing journalists at Kampala Serena Hotel on ...and more »
  
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• 6 homeowners’ policy endorsements agents and brokers need to know

  09-12-2016 06:01
  
  It's the insurance agent or broker's job to explain a policy to the buyer, including the available endorsements, and they need to know which endorsement best fits the client’s situation.
  
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• State-owned Citizens Insurance numbers might rise - The Ledger

  09-12-2016 04:50
  
  State-owned Citizens Insurance numbers might rise
  The Ledger
  Increases in water-damage claims - primarily in South Florida - will likely reverse years of downsizing by the state-backed Citizens Property Insurance, board members were advised Wednesday as they approved an increase in the corporation's operating ...and more »
  
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• Albany woman says insurance company blames neighborhood for rate hike - WNYT

  09-12-2016 04:25
  
  WNYT
  Albany woman says insurance company blames neighborhood for rate hike
  WNYT
  Albany -- Shavonne Walton routinely drives to work everyday after dropping off her kids at daycare. She hasn't changed her driving habit in the past three years. She's wondering why her insurance premium skyrocketed. "When I first got it I was paying ...
  
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• Travel Insurance Company Denies Maryland Couple's Claim After Cancer Diagnosis - NBC4 Washington

  09-12-2016 03:07
  
  NBC4 Washington
  Travel Insurance Company Denies Maryland Couple's Claim After Cancer Diagnosis
  NBC4 Washington
  When an unexpected illness forced a Maryland couple to cancel a cruise, they were relieved to have travel insurance, but the insurance company denied a refund because of that life-threatening illness. Consumer Reporter Susan Hogan has their story.
  
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