Insurance news

• Higginbotham Expands with Insurance Associates of the Southwest Merger

  20-12-2016 22:56
  
  Fort Worth-based independent insurance broker, Higginbotham, and Insurance Associates of the Southwest (IAS) have merged their operations in Houston. IAS is an independent broker with 38 commercial, personal, life, health and employee benefit professionals in its Energy Corridor office neighboring Higginbotham’s …
  
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• Hong Kong's Little Insurance Hurdle - Bloomberg

  20-12-2016 22:01 via bloomberg.com
  
  Bloomberg
  Hong Kong's Little Insurance Hurdle
  Bloomberg
  Nisha Gopalan is a Bloomberg Gadfly columnist covering deals and banking. She previously worked for the Wall Street Journal and Dow Jones as an editor and a reporter. Facebook · Twitter · Email; Print; Share. Dec 20, 2016 3:00 PM EST. AIA GROUP LTD.and more »
  
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• Austin Insurance Professionals Collect Money, Groceries for Food Bank

  20-12-2016 21:50
  
  The Independent Insurance Agents of Austin and the Texas Surplus Lines Association Inc. joined efforts in December to collect food and money for the Capital Area Food Bank located in Austin. Food and money were collected at the IIAA Christmas …
  
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• VW reaches deal for emissions-cheating Audi, Porsche models

  20-12-2016 20:53
  
  VW reaches settlement agreement with EPA and California’s Air Resources Board to fix or buy back vehicles with emissions-cheating 3.0-liter diesel engines.
  
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• Arthur J. Gallagher Acquires National Ethics Bureau in California

  20-12-2016 20:30
  
  Arthur J. Gallagher & Co. has acquired National Ethics Bureau Inc. in Carlsbad, Calif. Terms of the deal were not disclosed. Japheth Smellie and his team will continue to operate from their Southern California location under the direction of Kevin …
  
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• Acrisure Acquires Alaska USA Insurance Brokers’ Commercial, Benefits Business

  20-12-2016 20:13
  
  Acrisure LLC has acquired Alaska USA Insurance Brokers’ commercial insurance and employee benefits books of business. Terms of the deal were not disclosed. The new company will operate under the name Insurance Brokers of Alaska. All commercial lines and employee …
  
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• 10 airplane horror stories that spawned damage suits

  20-12-2016 20:00
  
  Here is a quick look at some of the most recent and notable injury suits filed against airlines in 2016. They give new meaning to "fear of flying."
  
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• Enstar Launches Bermuda Specialty Reinsurer KaylaRe; Packer Appointed CEO

  20-12-2016 18:42
  
  Enstar Group Ltd. has launched KaylaRe Ltd., a Bermuda-based Class 4 reinsurer, offering a diversified range of specialty reinsurance to the global insurance market. KaylaRe launches with initial capital of $620 million, backed by a $300 million investment from Enstar; …
  
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• New Orleans Settles Katrina Police Action Civil Rights Cases for $13M

  20-12-2016 18:37
  
  New Orleans Mayor Mitch Landrieu announced the settlement of three federal civil rights lawsuits stemming from city police actions related to Hurricane Katrina. Landrieu joined city officials and the families of James Brissette, Henry Glover, Ronald Madison, and Raymond Robair …
  
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• Work-Related Fatalities in Minnesota Rose 12% in 2015

  20-12-2016 18:23
  
  The number of work-related fatalities in Minnesota last year was up 12 percent from the recent five-year average. The state Department of Labor and Industry says there were 74 work-related fatalities in 2015, up from 62 the previous year and …
  
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• USI Acquires Austin-Based Employee Benefits Firm, Ball Peoples

  20-12-2016 18:18
  
  USI Insurance Services (USI) has acquired Ball Peoples, an employee benefits advisory firm headquartered in Austin, Texas. Since 1975, Ball Peoples has been providing employee benefits for clients throughout Central Texas and across the Southwest. The employees will remain at …
  
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• Court Order Can’t Stop Stray Golf Balls from Hitting Pennsylvania Home

  20-12-2016 17:50
  
  A couple who live next to a Pennsylvania golf course says errant balls are still hitting their property despite a previous court order. The (Allentown) Morning Call says Jerzy and Halina Wisniewski returned to Northampton County court Wednesday with 50-some …
  
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• 2017 Predictions for Insurtech, Australia D&O & India Cyber Insurance, Part 2

  20-12-2016 17:38
  
  Insurtech was an insurance buzzword in 2016 and that’s likely to continue next year when it will permeate almost every aspect of U.S. industry, according to a prediction from international law firm Clyde & Co. Clyde & Co.’s insurance team …
  
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• Florida Uber Driver Shoots, Kills Would-Be Robber

  20-12-2016 17:34
  
  Police say an Uber driver fatally shot a would-be robber who tried to ambush him near an upscale South Florida mall. Aventura police spokesman Chris Goranitis told local media that the driver had picked up a passenger about 5:30 a.m. …
  
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• Wyoming Refiner Pays $655K for Asbestos Cleanup

  20-12-2016 17:03
  
  Sinclair Casper Refining Co. has paid $655,000 to the Environmental Protection Agency for cleaning up asbestos at an oil refinery in the town of Thermopolis, Wyo. The Casper Star-Tribune reported the agency determined there was significant contamination at the site …
  
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• Prescription drug costs, by the numbers

  20-12-2016 17:00
  
  What to know about the price of managing workers' comp drug costs.
  
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• New research shows impact of underlying conditions on workers’ compensation claims

  20-12-2016 17:00
  
  Latest research from Harbor Health Systems quantifies impact of comorbidities like obesity, diabetes and hypertension on workers’ comp claims.
  
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• Los Angeles County Email Hack Exposes Data of 750K people

  20-12-2016 17:00
  
  Officials say a Nigerian national has been charged in connection with a hack of Los Angeles County emails that might have exposed personal data from more than 750,000 people who had business with county departments. The district attorney’s office says …
  
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• Art University to Settle for $60M with San Francisco

  20-12-2016 16:50
  
  The Academy of Art University in San Francisco has agreed to a $60 million settlement with the city aimed at bringing the school’s many illegally converted buildings into compliance with local rules. The San Francisco Chronicle reported that the deal …
  
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• Credit Suisse Facing $5-$7 Billion Penalty by U.S. for Toxic Mortgage Securities

  20-12-2016 16:44
  
  The U.S. Department of Justice has asked Credit Suisse to pay between $5 billion and $7 billion to settle a probe over its sale of toxic mortgage securities in the run-up to the 2008 financial crisis, a source with knowledge …
  
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• QBE North America Appoints Hill as CFO in New York City

  20-12-2016 16:37
  
  QBE North America, an operating division of global insurer QBE Insurance Group Limited, has appointed Kris L. Hill as chief financial officer. Hill will assume her new role effective January 17, 2017 and also serve as a member of the …
  
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• Maine’s BroGue Insurance Under New Ownership

  20-12-2016 15:50
  
  The current owners of several insurance agencies, Patrick Maguire and Paul Tracy, acquired ownership of BroGue Insurance & Financial Services in Bangor, Maine, on November 1, 2016. Established in Bangor in 1983, BroGue Insurance & Financial Services is an independent …
  
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• 10th Annual IICF Northeast Charitable Gala in New York Raises Record $1.4M

  20-12-2016 15:33
  
  The Insurance Industry Charitable Foundation (IICF), a nonprofit organization working with the insurance industry to help communities and enrich lives, has announced that more than 900 insurance professionals attended its 10th annual Northeast Benefit Dinner on December 14th at New York City’s …
  
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• Kaplansky Insurance of Massachusetts Acquires R.P. Ahearn Insurance

  20-12-2016 15:16
  
  Kaplansky Insurance, a Needham, Mass., based independent insurance agency, has acquired certain assets of R.P. Ahearn Insurance Agency, based in Framingham, Mass. Since 1987, R.P. Ahearn Insurance has been dedicated to providing personal and commercial services to clients throughout the …
  
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• When you need life insurance in your 20s and 30s - CNBC

  20-12-2016 14:31 via cnbc.com
  
  CNBC
  When you need life insurance in your 20s and 30s
  CNBC
  When you're just starting out, life insurance may not be your first concern. But it's worth planning for the unexpected. Half of millennials have life insurance — whether their own policy, one through an employer, or both, according to the LIMRA and ...
  How to Buy Life Insurance When You're Not Healthy - AOL FinanceAOL Newsall 2 news articles »
  
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• Republicans Prepare Assault on Obama’s Final Regulations

  20-12-2016 13:56
  
  Republicans in Congress plan to deploy a powerful tool soon after Donald Trump is inaugurated to scuttle a host of rules put in place in the last months of Barack Obama’s presidency, yet they must act quickly for the tactic to …
  
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• Greenlight Capital Re CEO Hedges to Step Down in March 2017

  20-12-2016 13:32
  
  Greenlight Capital Re Ltd., the Cayman Islands-based specialist property and casualty reinsurance company, announced that Barton Hedges will be stepping down as chief executive officer on March 31, 2017. Hedges will also step down from the company’s board of directors. …
  
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• XL Catlin Extends Partnership with Kidnap Response Specialist S-RM

  20-12-2016 13:03
  
  XL Catlin’s insurance operations announced it has extended its partnership with S-RM, the London-based specialist risk and business intelligence consultancy, effective Jan. 1, 2017. S-RM becomes XL Catlin’s provider of choice for delivering kidnap response services to XL Catlin’s kidnap …
  
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• 2016's best insurance pros under 40

  20-12-2016 13:00
  
  How do these producers, brokers and risk managers stand out, and what advice do they have for attracting millennials to the insurance industry.
  
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• Terrorism May Be Motive in Berlin Christmas Market Killings; RMS Comments

  20-12-2016 12:43
  
  Investigators suspect the driver of a truck that plowed into a crowd at a Berlin Christmas market, killing 12 people and injuring 48, did so intentionally in a terrorist attack, police said on Tuesday. The truck crashed into people gathered on …
  
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• German Police Suspect Terrorist Attack Kills 12 at Berlin Christmas Market

  20-12-2016 12:43
  
  Investigators suspect the driver of a truck that plowed into a crowd at a Berlin Christmas market, killing 12 people and injuring 48, did so intentionally in a terrorist attack, police said on Tuesday. The truck crashed into people gathered on …
  
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• Climate Scientists Coming to Terms with Skeptical Trump Administration

  20-12-2016 07:00
  
  Climate scientists worried that President-elect Donald Trump will slash their budgets and sideline their research are entering survival mode, trimming the words “climate change” from study proposals, emphasizing business applications of their work, and safeguarding data that shows global warming …
  
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• Vertus Insurance Launches Supplemental Catastrophe Insurance in Florida

  20-12-2016 06:53
  
  Florida-Based managing general underwriter Vertus Insurance Partners has launched a supplemental insurance policy targeting homeowners in hurricane prone states. Available now in Florida, CAT4Home will provide complete hurricane deductible reimbursement and additional coverage for select exposures typically limited or excluded …
  
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• Alabama Governor Forms Task Force to Tackle Opioid Abuse

  20-12-2016 06:05
  
  Alabama Gov. Robert Bentley has created a new state council to address what the governor called a growing crisis of opioid misuse and addiction. The governor made the announcement at a Dec. 15 news conference at the Alabama Capitol. The …
  
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• Dolly Parton Telethon Raises $9M for Tennessee Wildfire Victims

  20-12-2016 06:04
  
  Dolly Parton says a star-studded telethon for those affected by recent wildfires in her native Tennessee has brought in about $9 million. Parton headlined the event on Dec. 13 that was broadcast on several cable networks and livestreamed online. Parton …
  
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• Percentage of Non-Subscribers in Texas Workers’ Comp System Falls

  20-12-2016 03:00
  
  The percentage of companies that don’t participate in the Texas workers’ compensation system has fallen to the lowest level since 1993, the agency that regulates this line of insurance in the state has reported. In its Biennial Report to the …
  
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• Guidewire to Acquire Insurance Cloud Software Firm ISCS for $160 Million

  20-12-2016 02:26
  
  Guidewire Software, which serves property/casualty insurers, has agreed to acquire another insurance software firm, San Jose, California-based ISCS for $160 million in cash. The deal give Guidewire entry into the small carrier market and additional expertise in cloud-based products. The …
  
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• Illinois Large Workers’ Comp Deductible Rules Approved

  20-12-2016 01:49
  
  The Illinois Department of Insurance has posted in the Illinois Register a second notice of the approval by the Illinois Joint Committee on Administrative Rules (IJCAR) of rules concerning size limits on large deductibles for workers’ compensation insurance policies. The …
  
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• Illinois Large Workers’ Comp Deductible Rules

  20-12-2016 01:49
  
  The Illinois Department of Insurance has posted in the Illinois Register a second notice of the approval by the Illinois Joint Committee on Administrative Rules (IJCAR) of rules concerning size limits on large deductibles for workers’ compensation insurance policies. The …
  
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• Chicago-Area Insurance Agency Owner Fatally Shot While Driving Home

  20-12-2016 00:37
  
  A long-time insurance agency owner and community leader in the Chicago area was shot while driving home in the early morning hours of Dec. 1. Ronald L. Allen, founder and past president of the A. Allen Insurance Agency Ltd. in …
  
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