Insurance news

• 13 FDNY, NYPD workers arraigned for $500G insurance scam - NY ... - New York Daily News

  13-12-2016 23:45 via nydailynews.com
  
  New York Daily News
  13 FDNY, NYPD workers arraigned for $500G insurance scam - NY ...
  New York Daily News
  Thirteen city employees were busted Tuesday morning in a $500000 insurance scam, authorities said.
  FDNY paramedic from Valley Stream charged with insurance fraudNewsday
  EMS workers, traffic agents charged with insurance fraud | New York ...New York Post
  13 FDNY, NYPD Employees Accused Of Insurance Fraud « CBS ...CBS Local
  News 12 Brooklyn -The News Tribune -EMS1.com
  all 13 n
  
  Read more

• Insurance agency recognized for charity - The Western News

  13-12-2016 22:59 via thewesternnews.com
  
  Insurance agency recognized for charity
  The Western News
  Thomas J Wood Insurance Agency Inc. in Libby has earned a 2016 Safeco Insurance Make More Happen Award for its community work with Wings Regional Cancer Support, according to a press release issued Friday. The award includes a $4,000 donation ...
  
  Read more

• State worker health benefits board delays decision on self-insurance - Madison.com

  13-12-2016 22:01 via host.madison.com
  
  Madison.com
  State worker health benefits board delays decision on self-insurance
  Madison.com
  The board overseeing state worker health benefits declined to take action on self-insurance and other restructuring options Tuesday, as had been expected, saying discussion will continue in January. “There is much complexity and volumes of information ...and more »
  
  Read more

• California Workers’ Comp Medical Mileage Rate Will Decline for 2017

  13-12-2016 21:55
  
  The Internal Revenue Service has announced that the standard mileage rate for business miles will decline 0.5 cents per mile to 53.5 cents per mile as of Jan. 1, 2017. The California Workers’ Compensation Institute said this means the mileage …
  
  Read more

• Advertisement

• Buying Insurance Extras – What to Get and What Can Go - U.S. News & World Report

  13-12-2016 21:32 via money.usnews.com
  U.S. News & World Report
  Buying Insurance Extras – What to Get and What Can Go
  U.S. News & World Report
  Some add-ons can help give you a safety net. Others seem like profit drivers for the insurance industry. Buying Insurance Extras – What to Get and What Can Go. MORE. LinkedIn · StumbleUpon · Google +; Cancel ...and more »
  
  Read more

• Stone Creek Adds Lee in Northern California

  13-12-2016 20:32
  
  Stone Creek Insurance Agency has named Jonathan Lee a personal lines broker in its Northern California office. Lee specializes in autos, motorcycles, RVs,  homes, life insurance, and liability. He will specialize in flood and earthquake in the Western region. Lee has six …
  
  Read more

• Kreidler Revokes Licenses of Washington Agency, Issues Fines to Others

  13-12-2016 20:24
  
  Washington Insurance Commissioner Mike Kreidler issued fines in November totaling $63,550 against insurance companies, agents and brokers who violated state insurance regulations, including revoking the licenses of one producer. Following are fines and punitive steps Kreidler took in November and …
  
  Read more

• Google said to plan ride-sharing service with Fiat Chrysler

  13-12-2016 19:51
  
  Google will deploy a semi-autonomous version of the Chrysler Pacifica minivan that it’s developing with the Italian-American carmaker for the new service as early as the end of 2017.
  
  Read more

• Advertisement

• Climate extremes and the impact on businesses, jobs and economies

  13-12-2016 19:00
  
  The more aware the insurance industry is of the impact of climate change, the better equipped it will be to assess risk.
  
  Read more

• Alderman vote to change insurance providers - Daily Corinthian (subscription)

  13-12-2016 18:46 via dailycorinthian.com
  
  Alderman vote to change insurance providers
  Daily Corinthian (subscription)
  The City of Corinth is making a few changes in its employee benefit offerings in the coming year. The Board of Aldermen voted last week to change providers for vision, dental and life insurance. Enrollment is currently in progress. The city is staying ...and more »
  
  Read more

• SWIFT Official Warns Banks of Escalating, More Sophisticated Cyber Threats

  13-12-2016 18:27
  
  Cyber attacks targeting the global bank transfer system have succeeded in stealing funds since February’s heist of $81 million from the Bangladesh central bank as hackers have become more sophisticated in their tactics, according to a SWIFT official and a …
  
  Read more

• Strickland, TDI Legal Division Deputy Commissioner, to Join Law Firm in Austin

  13-12-2016 18:16
  
  Stanton Strickland, deputy commissioner of the Legal Division at the Texas Department of Insurance (TDI), will join the Mitchell Williams Insurance Regulatory Practice Group in its Austin office, the law firm announced. Strickland, who is slated to join the firm in …
  
  Read more

• Heffernan Insurance Brokers Adds Skarin as AVP in St. Louis

  13-12-2016 18:07
  
  Heffernan Insurance Brokers has hired Matthew Skarin as Assistant Vice President in the commercial lines department of its St. Louis, Missouri, office. Skarin comes to Heffernan with eight years of insurance experience between personal and commercial lines. Most recently, he worked at Arthur …
  
  Read more

• Losing clients: Ignoring these value-adds means customer turnover

  13-12-2016 18:04
  
  Every time a company launches a new capability, market expectations rise. Don't get left in the dust.
  
  Read more

• Texas Launches Study of High School Athlete Concussions

  13-12-2016 18:02
  
  Texas is undertaking what state officials say is the nation’s largest effort to track brain injuries among young athletes. The University Interscholastic League, Texas’ governing body for public high school sports, is partnering with the O’Donnell Brain Institute at UT Southwestern Medical …
  
  Read more

• Contractors to Pay $147.5K after Worker Injury, Death at Vikings Stadium

  13-12-2016 17:59
  
  Two construction companies have agreed to pay a combined $147,500 in fines over safety violations in the death of one worker and injuries to another during construction of the Minnesota Vikings’ new stadium last year. Berwald Roofing is paying $113,200 …
  
  Read more

• Hepatitis C Victims Reach Settlement with North Dakota Hospital

  13-12-2016 17:57
  
  Nearly two dozen victims of one of the largest hepatitis C outbreaks in recent U.S. history have settled their claims against a Minot, N.D., hospital out of court. Neither plaintiffs’ attorney Behdad Sadeghi nor Trinity Health are releasing terms of …
  
  Read more

• Experts: Pilot of Crashed Texas Balloon on 10 Different Prescription Meds

  13-12-2016 17:54
  
  The pilot of a hot air balloon that crashed in Texas in July, killing 16 people, was taking medications that should have precluded him from flying, medical experts testified at a federal hearing on Dec. 9. Experts also testified that Alfred “Skip” …
  
  Read more

• Fiery South Dakota Train Derailment Blamed on Broken Rail

  13-12-2016 17:48
  
  Investigators say a broken rail was probably the cause of a fiery South Dakota train derailment in September 2015 that resulted in more than $1 million in damage. Seven cars of a BNSF Railway train derailed near the town of …
  
  Read more

• California Workers’ Comp Bureau Issues Report on 3Q Insurer Experience

  13-12-2016 17:24
  
  California’s Workers’ Compensation Insurance Rating Bureau on Tuesday issued its report on statewide workers’ comp insurer loss and premium experience through Sept 30, which among other things shows that the average rate charged per $100 of payroll is down from …
  
  Read more

• Wanted: Young Insurance Professionals to Help Recruit Others - Insurance Journal

  13-12-2016 17:18 via insurancejournal.com
  
  Wanted: Young Insurance Professionals to Help Recruit Others
  Insurance Journal
  Insurance industry executives and groups working to attract millennials to the sector are now actively targeting their younger colleagues to help get the word out. On Dec. 2, the recruiting initiative held a webinar designed to appeal to younger ...
  
  Read more

• Wanted: Young Insurance Professionals to Help Recruit Others

  13-12-2016 17:13
  
  Insurance industry executives and groups working to attract millennials to the sector are now actively targeting their younger colleagues to help get the word out. On Dec. 2, the recruiting initiative held a webinar designed to appeal to younger property/casualty …
  
  Read more

• Michael Consedine to lead NAIC

  13-12-2016 17:06
  
  The former Pennsylvania insurance commissioner has been working for Transamerica.
  
  Read more

• Michael Consedine hired as NAIC CEO

  13-12-2016 17:06
  
  The former Pennsylvania insurance commissioner has been working for Transamerica.
  
  Read more

• Transportation Insurer National Interstate Promotes Skuggen, Adds AIG’s Blankenship

  13-12-2016 15:28
  
  National Interstate Insurance Co. announced the promotion of George Skuggen to senior vice president and the hiring of Steve Blankenship as vice president, Passenger Transportation. In his new role, Skuggen will oversee National Interstate’s Truck and Environmental, National Accounts and …
  
  Read more

• After federal employee insurance website crashes, procrastinators get reprieve - Washington Post

  13-12-2016 15:25 via washingtonpost.com
  
  Washington Post
  After federal employee insurance website crashes, procrastinators get reprieve
  Washington Post
  The government has temporarily extended the open enrollment season for the vision and dental benefits program for federal employees, after a website crashed on Monday, officially the last day for signing up or changing coverage. In the Federal Dental ...
  
  Read more

• Vanliner Insurance Promotes Grimm to President

  13-12-2016 15:14
  
  Vanliner Insurance Co. said that Matt Grimm has been promoted to president of the insurance provider for the moving and storage industry. Prior to assuming the role of president at Vanliner, Grimm served as vice president, Passenger Transportation, at National …
  
  Read more

• Massachusetts Women Sue After Being Hit by Drone at New Hampshire Event

  13-12-2016 15:11
  
  Two women are suing a groom and the event company that ran his wedding reception after they allege he flew a drone that hit them in the head at the New Hampshire event. Kneena Ellis, of Seabrook, and Kelly Eaton …
  
  Read more

• Appeals Court Allows Suit Against Firm in Pennsylvania Flood Deaths

  13-12-2016 15:07
  
  An appeals court has cleared the way for refiling of a lawsuit against an engineering firm in the deaths of four people killed in flash flooding in Pittsburgh more than five years ago. Judge R. Stanton Wettick Jr. earlier dismissed …
  
  Read more

• Maine-Based MEMIC Group Promotes Sabatino

  13-12-2016 15:01
  
  Workers’ compensation specialist The MEMIC Group, headquartered in Portland, Maine, has promoted Deb Sabatino to the position of director of human resources. In this role, she is responsible for planning and managing human resources operations and programs. Sabatino has more …
  
  Read more

• Q&A with FEMA’s Fugate: Capitalism, Socialism and Disaster Mitigation

  13-12-2016 14:54
  
  In January, Federal Emergency Management Agency administrator Craig Fugate gave states a choice for dealing with climate change. Option A: Do nothing about the rising toll of extreme weather, and hope Congress’s threats to restrict disaster aid — by raising …
  
  Read more

• Chubb Appoints Updyke to Lead Commercial Insurance Operations

  13-12-2016 14:49
  
  Chubb, the world’s largest publicly traded property and casualty insurance company, has appointed Jeffrey Updyke as regional manager for the Northeast and Mid-Atlantic Regions of the company’s commercial insurance division in North America. In this role, Updyke will be based …
  
  Read more

• D&O Prices Down, Auto Up in Q3; Other Commercial Lines Stable

  13-12-2016 14:41
  
  Price decreases accelerated for directors and officers insurance in the 2016 third quarter, a period during which commercial insurance prices generally remained flat once again overall. The latest Willis Towers Watson’s Commercial Lines Insurance Pricing Survey showed prices charged on …
  
  Read more

• Some Bangladesh Bank Insiders Helped Hackers Steal $81M: Investigator

  13-12-2016 14:40
  
  Some Bangladesh central bank officials deliberately exposed its computer systems and enabled hackers to steal $81 million from its account at the Federal Reserve Bank of New York in February, a top police investigator in Dhaka told Reuters on Monday. …
  
  Read more

• Fate of DuPont Chemical Lawsuits Rests on Wording in 2004 Pact

  13-12-2016 14:32
  
  For DuPont Co. and its Chemours Co. spinoff, hundreds of millions of dollars hinge on the interpretation of the word “among.” A Cincinnati appeals court heard arguments Friday that will affect the fate of thousands of lawsuits by people who …
  
  Read more

• Here are the results of the 2016 Claims Salary Survey

  13-12-2016 14:00
  
  Insurance professionals aren't as bullish about the industry as they have been in the past.
  
  Read more

• Lloyd’s Insurers Urged to Focus on U/W Discipline as 2016 Losses Loom

  13-12-2016 13:25
  
  Underwriters at Lloyd’s of London lost money in 2016, driving the 90-plus syndicates in the insurance market to be more selective in the risks they take on and forcing Lloyd’s to cut its subscription rates. To tackle the downturn in premium rates, …
  
  Read more

• Guy Carpenter Appoints Nash as President of New International Division

  13-12-2016 12:17
  
  Guy Carpenter & Co. announced the appointment of James Nash to the newly created role of president, International, subject to regulatory approval. Nash, who currently runs Guy Carpenter’s Asia Pacific operations, will continue reporting to Peter Hearn, president & CEO of Guy Carpenter, and …
  
  Read more

• 25 things successful people refuse to do

  13-12-2016 12:00
  
  There are many things you can do to achieve success, and many things you should refuse to do as well.
  
  Read more

• 3rd Party Capital Specialist Tokio Solution Simplifies Management Structure

  13-12-2016 11:56
  
  A division of Tokio Millennium Re focused on third party capital markets facilitation is changing its management structure in a bid to boost efficiency. The changes are coming to Tokio Solution Management Ltd., the reinsurer’s third party capital (TPC) markets …
  
  Read more

• Prudential stops distribution of policy sold through Wells Fargo - CNBC

  13-12-2016 11:34 via cnbc.com
  
  CNBC
  Prudential stops distribution of policy sold through Wells Fargo
  CNBC
  U.S. insurer Prudential Financial said on Monday it had suspended the distribution of a low-cost life insurance policy through Wells Fargo, pending a review of how the product was sold by the bank. California Insurance Commissioner Dave Jones told ...
  Wells Fargo scandal spreads to Prudential insuranceCNNMoney
  Prudential to Suspend Sale of Insurance Policy Through Wells FargoWall Street Journal
  California to investigate
  
  Read more

• Why Would a Chinese Insurance Giant Want to Own a Gas Pipeline? - Wall Street Journal

  13-12-2016 10:39 via wsj.com
  
  Wall Street Journal
  Why Would a Chinese Insurance Giant Want to Own a Gas Pipeline?
  Wall Street Journal
  For all the talk of China's promised market reforms and economic rebalancing, it is increasingly proving to be more about spreading risk within the vast network of state-backed enterprises, rather than taking it out altogether. In Beijing's latest risk ...and more »
  
  Read more

• Congress Approves $300M in Assistance for North Carolina Matthew Recovery

  13-12-2016 07:22
  
  North Carolina is getting more than $300 million to help portions of the state recover from damages caused by Hurricane Matthew, thanks to passage by Congress of a stop-gap spending bill that averted a U.S. government shutdown. GOP Sen. Thom …
  
  Read more

• Marsh, Endurance Launch Habitational Casualty Program

  13-12-2016 07:18
  
  Marsh has launched a new and proprietary casualty insurance program designed offering accessible coverage for multifamily property owners and managers experiencing challenging habitational insurance market conditions. Marsh’s PRIME Habitational Casualty Insurance Program was developed in collaboration with Endurance Global Risk …
  
  Read more

• Southeast Watching, Waiting for Rain to Ease Severe Drought

  13-12-2016 06:31
  
  Recent showers and storms have slightly eased the South’s severe drought, but experts say it wasn’t enough to make up for months of dry conditions before the rain finally fell. Nearly the entire region remains abnormally dry, and much more …
  
  Read more

• Schoerner Joins Southern Insurance Underwriters in Georgia

  13-12-2016 06:19
  
  Southern Insurance Underwriters, Inc. (SIU) announced that John M. Schoerner has joined the company as the Professional Lines Practice manager and will lead the company expansion of errors & omissions, architects & engineers, owners/contractors protective liability and various related products. …
  
  Read more

• Top Florida Stories of 2016: The AOB ‘Insurance Crisis’

  13-12-2016 06:07
  
  Assignment of benefits abuse has become such a well-known problem in the state of Florida this year that it now just goes by the nickname “AOB.” The issue with AOB comes from when a policyholder suffers a loss, such as …
  
  Read more

• Dual Commercial Adds Nesterenko and Lynch in California

  13-12-2016 00:41
  
  DUAL Commercial has named Melanie Nesterenko and Brian Lynch to their environmental team. Nesterenko and Lynch, both senior underwriters, will be based in San Francisco, Calif. Nesterenko has more than 25 years of experience in the environmental consulting and insurance …
  
  Read more

• Republicans could end health insurance for 52 million people—that's one in four Americans - Daily Kos

  13-12-2016 00:31 via dailykos.com
  
  Daily Kos
  Republicans could end health insurance for 52 million people—that's one in four Americans
  Daily Kos
  Donald Trump has won the presidency after narrowly carrying a few states to put him above 270 electoral votes.But according... Sign the petition to Joe Biden and Senate Democrats: Confirm Merrick Garland to Supreme Court on January 3.and more »
  
  Read more

Follow @Insurance_Newsl on Twitter!