Insurance news

• Demotech Assigns Financial Stability Rating® to Palisades Safety and Insurance Association and its Subsidiaries - Yahoo Finance

  22-12-2016 22:42 via finance.yahoo.com
  Demotech Assigns Financial Stability Rating® to Palisades Safety and Insurance Association and its Subsidiaries
  Yahoo Finance
  COLUMBUS, Ohio, Dec. 22, 2016 /PRNewswire/ -- Palisades Safety and Insurance Association, and its subsidiaries, have earned Financial Stability Ratings® (FSRs) of A, Exceptional, from Demotech, Inc. This level of FSR is assigned to insurers who ...and more »
  
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• Savannah Stalwart: Bernard Williams Insurance - Business In Savannah

  22-12-2016 22:22 via businessinsavannah.com
  Business In Savannah
  Savannah Stalwart: Bernard Williams Insurance
  Business In Savannah
  Alan Williams (Senior VP), R. Allen Williams (Senior VP), Dick Williams (C.E.O.), Rob Bowden (Senior VP), Robert Daniels (C.O.O.) Not pictured: Charles McCoy (Senior VP) (Josh Galemore/Savannah Morning News) ...and more »
  
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• Insurance Price Optimization - Danbury News Times

  22-12-2016 22:13 via newstimes.com
  
  Insurance Price Optimization
  Danbury News Times
  It makes sense that if you have a car accident, your insurance premium could go up. What doesn't make sense is that if you don't have an accident, you could also end up paying more, for no reason at all. The explanation behind such price hikes is that ...and more »
  
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• New locater service helps people find lost insurance benefits - Press Herald

  22-12-2016 22:12 via pressherald.com
  New locater service helps people find lost insurance benefits
  Press Herald
  Maine consumers who need to look for a deceased person's lost life insurance policies or annuities will have an easier time now that Maine is part of a national locater service. The Maine Bureau of Insurance and the National Association of Insurance ...
  New Online Tool Helps People Find Lost Life Insurance PoliciesPinebluffspostall 3 news articles »
  
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• Health insurance inflation slowing in Wisconsin, report says - Richmond-News

  22-12-2016 22:08 via newrichmond-news.com
  
  Richmond-News
  Health insurance inflation slowing in Wisconsin, report says
  Richmond-News
  SUPERIOR, Wis. — Health insurance inflation has slowed considerably in Wisconsin since the Affordable Care Act went into effect, according to a report released on Wednesday. "We're not saying ... that the Affordable Care Act caused the inflation rate ...
  Number of Mainers on Insurance Marketplace on RiseMainePublic.org
  Revised Special Insurance Enrollment Rules Shift Burden To ConsumersWMRA Public Rad
  
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• Pipefitter falls from tree during work day: Is injury covered under workers' comp?

  22-12-2016 20:15
  
  Not every accident or injury during the work day is "work related" and eligible for workers' compensation.
  
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• Texas Surplus Office Projects 2016 Increase in Premium, Filings

  22-12-2016 20:13
  
  Projections show that the Surplus Lines Stamping Office of Texas is on track to surpass fourth quarter premium totals set in the past two years, according to data prepared by the office. The amount of surplus lines filings with SLTX …
  
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• HC raps insurance cos for rejecting genuine claims - Chandigarh Tribune

  22-12-2016 20:11 via tribuneindia.com
  HC raps insurance cos for rejecting genuine claims
  Chandigarh Tribune
  Rapping insurance companies for attempting to repudiate “most genuine claims” on baseless grounds and providing “deficient service”, the Punjab and Haryana High Court has asked the Insurance Regulatory and Development Authority (IRDA) to put in ...
  
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• Texas Grocery Chain Recalls Raw Shelled Pistachios

  22-12-2016 20:06
  
  The H-E-B grocery store chain has recalled some bulk and packaged raw shelled pistachios. San Antonio-based H-E-B said this week there’s a potential that the pistachios could be contaminated with salmonella. There are no reports of anyone getting sick. The issue …
  
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• University in Ohio Agrees to Settle Student’s Sex Discrimination Suit

  22-12-2016 20:03
  The University of Cincinnati has settled a federal lawsuit filed by a student who said she was told she had to sit and work with other female students and not with male students in a physics lab. U.S. District Judge …
  
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• Chicago Man Sues Mcdonald’s Arguing ‘Value Meal’ Is No Deal

  22-12-2016 20:00
  A suburban Chicago man is suing McDonald’s restaurants in two Illinois counties, arguing cheeseburger “Extra Value Meals” are actually more expensive than when the items are purchased separately. James Gertie of Des Plaines tells The (Arlington Heights) Daily Herald that …
  
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• Measure prohibits insurance companies from denying coverage to employers - Long Island Business News (subscription)

  22-12-2016 19:22 via libn.com
  
  Long Island Business News (subscription)
  Measure prohibits insurance companies from denying coverage to employers
  Long Island Business News (subscription)
  A new regulation in New York State will prohibit insurance companies from refusing to provide commercial crime insurance coverage to businesses in the state that employ people with criminal convictions in their history. Officials say it's the first ...
  
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• World Insurance Software Market: 4.59% CAGR to 2020 - Yahoo Finance

  22-12-2016 19:19 via finance.yahoo.com
  World Insurance Software Market: 4.59% CAGR to 2020
  Yahoo Finance
  PUNE, India, Dec. 22, 2016 /PRNewswire-iReach/ -- The global insurance software market was valued at around USD 6 billion in 2015 and is expected to surpass USD 7 billion by 2020.One trend in the market is increasing demand for cyber insurance.and more »
  
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• IMA Looks to Double Aviation Insurance Practice - AviationPros.com

  22-12-2016 18:48 via aviationpros.com
  
  IMA Looks to Double Aviation Insurance Practice
  AviationPros.com
  The practice, which is based at IMA's offices in Wichita, has recently added Brian Burrus as a producer, bringing its aviation staff to seven people. "What I'm very excited about is the fact that the management of IMA sees aviation as a practice area ...
  
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• Europe’s pensions and insurers beg for bigger slice of construction deals

  22-12-2016 18:30
  
  A tale of investment capital looking for a home: Large pension funds and insurers claim the European Investment Bank is closing them out of significant infrastructure projects.
  
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• ACA Round-Up: Robust Marketplace Enrollment, CBO On Defining Health Insurance, And More - Health Affairs (blog)

  22-12-2016 18:18 via healthaffairs.org
  
  Health Affairs (blog)
  ACA Round-Up: Robust Marketplace Enrollment, CBO On Defining Health Insurance, And More
  Health Affairs (blog)
  As of December 19, 2016, the extended deadline for enrolling in coverage for January 1, 2017, 6,356,488 consumers were covered by plans selected on HealthCare.gov, the Department of Health and Human Services announced on December 21. This was ...
  
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• Bill Belichick on Jacoby Brissett: Don't need insurance until you need insurance - ESPN (blog)

  22-12-2016 17:33 via espn.com
  
  ESPN (blog)
  Bill Belichick on Jacoby Brissett: Don't need insurance until you need insurance
  ESPN (blog)
  Jacoby Brissett stayed around the team while recovering from thumb surgery "and he didn't miss anything in terms of meetings or preparation," said coach Bill Belichick. Jim Rogash/Getty Images. Facebook · Twitter · Facebook Messenger · Pinterest ...
  Bill Belichick calls Patriots' Jacoby Brissett activation 'insurance'Sporting Newsall 33 news articles »
  
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• State Regulation Report Card: R Street Grades Them from Best to Worst

  22-12-2016 17:26
  
  For the second year in a row, Vermont has been graded at the top of the class as having the best insurance regulatory system, while North Carolina has again been graded as having the worst, according to the fifth edition …
  
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• South Central Regulation Report Card: Texas’ Grade Rises, Arkansas’ Drops

  22-12-2016 17:20
  
  No South Central state had the best score and none had the worst in a report recently released by a conservative-leaning research organization that annually assesses the effectiveness states’ insurance regulatory systems. Grades assigned to the insurance regulatory systems in …
  
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• Midwest Regulation Report Card: States’ Grades Range from A to D

  22-12-2016 17:20
  
  Grades assigned to the insurance regulatory systems in the Midwest states of Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota and Wisconsin range from A to D in a report recently released by a conservative-leaning …
  
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• Southeast Regulation Report Card: North Carolina Flunks; Florida, South Carolina Dispute Grades

  22-12-2016 17:18
  
  North Carolina ranks the worst of all 50 states when it comes to insurance regulation, according to a 2016 insurance regulation report card by an insurance industry think tank. The R Street Institute’s 2016 Insurance Regulation Report Card scores state …
  
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• West Regulation Report Card: California Most Politicized State

  22-12-2016 17:08
  
  A report gives California’s insurance regulatory environment low marks for auto body repair rules, the insurance commissioner’s call for insurers to divest from coal, its prior approval law and being the “most politicized state in the country.” California was given …
  
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• Ohio Jury Hits DuPont with $2M Ruling over Teflon-making Chemical

  22-12-2016 17:07
  
  A U.S. jury in Ohio ordered DuPont to pay $2 million to a man who said he developed testicular cancer from exposure to a toxic chemical leaked from one of the company’s plants, according to the plaintiff’s lawyer Robert Bilott. …
  
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• East Regulation Report Card: Vermont Ranks Best for 3rd Straight Year

  22-12-2016 17:00
  
  The R Street Institute, a nonprofit public policy research organization headquartered in Washington, D.C., has found that Vermont has the best insurance regulatory environment in the U.S. for the third straight year in its annual Insurance Regulation Report Card. The …
  
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• Activist Kids in Washington Allowed to Go Forward with Climate Case

  22-12-2016 16:56
  
  Eight Seattle children should have “their day in court” to argue that Washington state and others aren’t protecting them from climate change, a judge ruled. King County Superior Court Judge Hollis Hill on Monday allowed the young petitioners to move …
  
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• Uber Capitulates, Takes Self-driving Cars off Streets of San Francisco

  22-12-2016 16:40
  
  Uber Technologies Inc has removed its self-driving cars from San Francisco streets after California regulators cracked down on the week-old program because the company had not obtained a permit to test the vehicles. The California Department of Motor Vehicles said …
  
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• Business Unusual: Car Insurance Innovations for Consumers - WHIO

  22-12-2016 16:30 via whio.com
  Business Unusual: Car Insurance Innovations for Consumers
  WHIO
  From a distance, it might seem like the closest thing to a shake-up in auto insurance recently is that funny new TV commercial. But take a closer look and you'll find that the car insurance world is steadily becoming smarter and more consumer-friendly.and more »
  
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• Brexit Threatens 10% of London’s Financial Jobs: City of London Corp. Official

  22-12-2016 16:13
  
  Up to 10 percent of jobs in London’s financial district may be lost if Britain fails to secure adequate access to European Union markets after Brexit, a City of London official said on Wednesday. Bankers first called for full access …
  
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• Exclusive - China insurance regulator tightening new licence issuance: sources - Yahoo Finance

  22-12-2016 15:36 via finance.yahoo.com
  Exclusive - China insurance regulator tightening new licence issuance: sources
  Yahoo Finance
  Xiang Junbo, chairman of China Insurance Regulatory Commission (CIRC), answers a question at a news conference on the sidelines of the National People's Congress (NPC), China's parliament, in Beijing, China, March 12, 2016. REUTERS/Jason Lee.and more »
  
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• Hong Kong Agents, China Insurers Face Tech-Related Disruptions: 2017 Predictions, Part 4

  22-12-2016 15:24
  
  The twin forces of regulation and technology will see the emergence of new distribution models in 2017. This sounds like a commonly heard disrupter scenario for the U.S. and European markets, but it’s actually a prediction for the future of …
  
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• End of Hong Kong Agency Distribution? China Warily Embraces Tech: 2017 Predictions, Part 4

  22-12-2016 15:24
  
  The twin forces of regulation and technology will see the emergence of new distribution models in 2017. This sounds like a commonly heard disrupter scenario for the U.S. and European markets, but it’s actually a prediction for the future of …
  
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• Days Numbered for Agency Distribution in Hong Kong; China Warily Embraces Innovation: 2017 Predictions, Part 4

  22-12-2016 15:24
  
  The twin forces of regulation and technology will see the emergence of new distribution models in 2017. This sounds like a commonly heard disrupter scenario for the U.S. and European markets, but it’s actually a prediction for the future of …
  
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• Locating lost life insurance policies - Williston Observer

  22-12-2016 15:22 via willistonobserver.com
  Locating lost life insurance policies
  Williston Observer
  When my mom passed away, we thought she had a life insurance policy, but we have no idea how to track it down. Do you know of any resources that might help? Searching Susan. Dear Susan,. Lost or forgotten life insurance policies are very common in the ...
  
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• Startup Insurer Lemonade Is Going National; Files for Licenses Countrywide

  22-12-2016 15:15
  
  Insurance startup Lemonade is eyeing a national expansion and has filed for licenses to operate in 46 states and the District of Columbia. The peer-to-peer insurer that is focused on renters and homeowners insurance is pursuing the broader regulatory approval …
  
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• Ex-Nanny for Penguins Player in Pennsylvania Gets 5-Year Federal Sentence

  22-12-2016 15:10
  
  The former nanny of Pittsburgh Penguins player Chris Kunitz was sentenced Tuesday to five years in federal prison for setting fire to her rental residence and then filing fraudulent insurance claims for the contents. The public defender for Andrea Forsythe, …
  
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• Vermont Governor-Elect Reappoints Commissioner Pieciak

  22-12-2016 15:01
  
  Vermont Governor-elect Phil Scott announced he would reappoint Michael Pieciak as commissioner of the Department of Financial Regulation. The department will also retain the deputy commissioners for each of its four divisions, which include Cynthia Stuart for Banking, Kaj Samsom …
  
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• New York Financial Regulator to Delay Cyber Security Rules

  22-12-2016 14:49
  
  New York’s financial regulator will delay an anticipated Jan. 1 deadline for banks and insurers doing business in the state to comply with controversial cyber security rules, a person familiar with the matter said. The regulator, the New York State …
  
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• Arthur J. Gallagher Acquires Louisiana's Group Insurance Associates - Insurance Journal

  22-12-2016 14:01 via insurancejournal.com
  
  Community Financial News
  Arthur J. Gallagher Acquires Louisiana's Group Insurance Associates
  Insurance Journal
  Founded in 1983, Group Insurance Associates Inc. (GIA) is an employee benefits insurance broker that provides all lines of group benefit insurance products to small and middle-market businesses and individual clients throughout the United States. The ...
  Illinois firm acquires Group Insurance Associates in MetairieNew Orleans CityBusiness (blog)all 17 news articles »
  
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• Trump Taps Billionaire Icahn, Activist Investor and Dodd-Frank Critic, as Regulation Advisor

  22-12-2016 14:00
  
  Billionaire Carl Icahn will advise Donald Trump on rescinding what the activist investor called “excessive regulation” on U.S. businesses, the president-elect’s transition team announced on Wednesday. Icahn will serve as a special adviser, not a federal employee, and he will …
  
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• All Risks to Provide E&O Coverage to PIA of Florida Members

  22-12-2016 14:00
  
  All Risks, Ltd. has partnered with the Professional Insurance Agents of Florida (PIA of Florida), to provide professional liability errors and omissions insurance to its members. Effective Jan. 1, 2017, All Risks will become the official underwriter for insurance agents …
  
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• 6.4 Million Have Signed Up for Obamacare Since Nov. 1, Says HHS

  22-12-2016 14:00
  
  Roughly 6.4 million consumers signed up for Obamacare insurance on Healthcare.gov from Nov. 1 to Dec. 19, indicating “clear demand for quality, affordable coverage,” the U.S. government said on Wednesday. The number of people signing up for Jan. 1, 2017 …
  
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• East Africa: Marine Insurance Too Complex for East African Firms, Importers Say - AllAfrica.com

  22-12-2016 13:51 via allafrica.com
  East Africa: Marine Insurance Too Complex for East African Firms, Importers Say
  AllAfrica.com
  Importers in East Africa are worried over a law compelling them to insure marine businesses locally, arguing that insurance companies lack the capacity to underwrite the complex business. They further say that the law will lead to yet another ...
  
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• Hiscox UK Taps AIG’s White as London Regional Mgr, Professional & Specialty Lines

  22-12-2016 13:37
  
  Specialist global insurer Hiscox has announced the appointment of Trish White as London regional manager for Professional and Specialty Commercial lines within Hiscox UK. White joins Hiscox from AIG, where she had worked since 2007 in a range of roles …
  
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• Google Confidentiality Agreement Is Unlawful, Claims Employee in Lawsuit

  22-12-2016 13:30
  
  A Google Inc. product manager has sued the company, accusing it of unlawfully prohibiting employees from sharing concerns with coworkers, shareholders or the press, and maintaining a “spying program” to prevent leaks. In the class action lawsuit filed on Tuesday …
  
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• Arthur J. Gallagher Acquires Louisiana’s Group Insurance Associates

  22-12-2016 13:30
  
  Arthur J. Gallagher & Co. has acquired Group Insurance Associates Inc. in Metairie, Louisiana. Terms of the transaction were not disclosed. Founded in 1983, Group Insurance Associates Inc. (GIA) is an employee benefits insurance broker that provides all lines of group …
  
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• Data Breaches of Internet Giants & Online Services Pose Major 2017 Cyber Threats

  22-12-2016 13:26
  
  Potential leaks of personal user data collected by internet giants and online services will be one of the major cyber-security threats of 2017, according to computer safety company Kaspersky Lab. “Users have de facto become hostages as today they can’t …
  
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• FSG Launches New Insurance Division Through Cooperation With Ping An Insurance - PR Newswire (press release)

  22-12-2016 12:03 via prnewswire.com
  
  FSG Launches New Insurance Division Through Cooperation With Ping An Insurance
  PR Newswire (press release)
  Frontier Services Group Limited ("FSG" or the "Company") (SEHK: 00500), a leading security and logistics services company and Ping An Property & Casualty Insurance Company of China ("Ping An") reached a strategic framework agreement to develop ...and more »
  
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• 4 lumber defects that could lead to roof frame failures

  22-12-2016 12:00
  
  A variety of wood defects can lead to covered roofing claims.
  
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• The Health Insurance Costs Threatening Our Seniors - LifeZette

  22-12-2016 11:57 via lifezette.com
  
  LifeZette
  The Health Insurance Costs Threatening Our Seniors
  LifeZette
  Our older Americans aren't getting much of a raise next year in Social Security benefits. Projections for 2017 show a 0.3 percent increase — which amounts to only about $4 or $5 (yes, that's it).The good news about this lackluster increase is that it ...and more »
  
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• Expenses will continue to rise next year — for one key reason - LifeZette

  22-12-2016 11:57 via lifezette.com
  
  LifeZette
  Expenses will continue to rise next year — for one key reason
  LifeZette
  Our older Americans aren't getting much of a raise next year in Social Security benefits. Projections for 2017 show a 0.3 percent increase — which amounts to only about $4 or $5 (yes, that's it).The good news about this lackluster increase is that it ...and more »
  
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