Insurance news

• CEA Reports No Claims So Far from Nevada Quake

  28-12-2016 21:47
  
  A swarm of earthquakes in Nevada produced shaking in wide parts of Northern and Central California early this morning, including in Sacramento and Fresno. The first shock, a magnitude 5.7, occurred shortly after midnight southwest of Hawthorne, Nev., roughly 72 …
  
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• Widow of Pilot Killed in Washington Crash Files Suit against Aircraft Companies

  28-12-2016 21:42
  
  The wife of one of the men who died after a plane crashed into Washington’s Spokane River has filed a lawsuit against the companies that built and maintained the aircraft. The Spokesman-Review reported that 60-year-old Lyndon Amestoy and the 64-year-old …
  
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• New Mexico Regulators Approve Reopening of Troubled Nuclear Dump

  28-12-2016 20:30
  
  New Mexico regulators have approved restarting normal operations at the nation’s only underground nuclear waste repository, a major step for U.S. officials aiming to reopen the facility nearly three years after a radiation leak shut it down indefinitely. Two letters …
  
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• Chubb Expands Cyber Risk Mitigation Offerings

  28-12-2016 18:58
  
  Chubb has expanded its suite of cyber loss mitigation services for U.S. and Canadian policyholders to reduce the impact and likelihood of a cyber incident. Chubb’s expanded suite of cyber services for loss mitigation includes: Password Defense—Available to Chubb cyber policyholders’ employees, …
  
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• Injured at employer's holiday party? No workers' comp benefits

  28-12-2016 18:35
  
  A North Carolina court has affirmed a state agency’s decision denying an employee’s workers’ compensation claim for injuries sustained at her employer’s annual holiday party.
  
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• Western Kansas Saw 3 Brief Tornadoes Seen On Christmas Day

  28-12-2016 18:04
  
  Three tornadoes were reported in Kansas on Christmas Day, causing some damage but no injuries, the National Weather Service confirmed. The Dodge City office of the weather service said the first tornado was reported six miles southeast of Bucklin Sunday …
  
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• Despite Disastrous Flooding, Future of Louisiana Project Remains Murky

  28-12-2016 18:02
  
  Despite the flooding that struck south Louisiana in August, prospects for a decades-old project aimed at protecting Baton Rouge, La. area homes remain murky. The 12-mile structure is called the Comite River Diversion Canal. It would siphon high water from …
  
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• Groups Suing Seattle over Voter-approved Hotel Workplace Safety Measure

  28-12-2016 18:00
  
  Seattle is being sued over a voter-approved measure requiring new workplace protections for hotel workers. The American Hotel and Lodging Association, Washington Hospitality Association and Seattle Hotel Association say provisions of Initiative-124 duplicate or clash with existing laws. The Seattle …
  
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• New York State DFS Issues Updated Proposed Cybersecurity Regulation

  28-12-2016 17:51
  
  New York State Department of Financial Services (DFS) Superintendent Maria T. Vullo has announced that the DFS has updated its proposed cybersecurity regulation to protect New York State from the ever-growing threat of cyber-attacks. The proposed regulation, which serves as …
  
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• A.M. Best Downgrades Golden Insurance, RPG in Nevada

  28-12-2016 17:39
  
  A.M. Best has downgraded the Financial Strength Rating to B- (Fair) from B (Fair) and the Long-Term Issuer Credit Rating to “bb-” from “bb” of Nevada-domiciled Golden Insurance Company, A Risk Retention Group. Concurrently, A.M. Best has placed the Credit …
  
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• Celebrity Chefs Flunk Food Safety Test

  28-12-2016 16:38
  
  Celebrity chefs are cooking up poor food safety habits, according to a Kansas State University study. Kansas State University food safety experts Edgar Chambers IV and Curtis Maughan, along with Tennessee State University’s Sandria Godwin, recently published “Food safety behaviors …
  
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• 10 smart insurance resolutions for 2017 - USA TODAY

  28-12-2016 16:02 via usatoday.com
  
  USA TODAY
  10 smart insurance resolutions for 2017
  USA TODAY
  Insurance is a financial safety net for when life just doesn't go your way, but that doesn't mean you should ignore it when things are going well. Here are 10 things you can do in 2017 to strengthen your net and avoid common insurance claims.and more »
  
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• Study Shows Growth in Virginia’s Medical Payments per Workers’ Comp Claim

  28-12-2016 15:04
  
  Virginia’s medical payments per workers’ compensation claim with more than seven days of lost time increased 26 percent for claims that occurred between 2009 and 2014, according to a recent study by the Workers Compensation Research Institute (WCRI). This growth …
  
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• 9 Insurance Stocks to Buy Now - Investorplace.com

  28-12-2016 14:51 via investorplace.com
  
  9 Insurance Stocks to Buy Now
  Investorplace.com
  The grades of 9 Insurance stocks are better this week, according to the Portfolio Grader database. Every one of these stocks has an “A” (“strong buy”) or “B” overall (“buy”) rating. Arch Capital Group Ltd.'s (ACGL) ratings are looking better this week ...and more »
  
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• U.S. Launches Safety Probe of Brakes on 2007-09 Ford Fusion, Mercury Milan

  28-12-2016 14:37
  
  U.S. safety regulators are investigating Ford Motor Co.’s Fusion and Mercury Milan sedans from the 2007 to 2009 model years for brakes that may fail in certain conditions, the National Highway Traffic Safety Administration said on Tuesday. There have been …
  
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• EDITORIAL: In the dark over life insurance? Here's help - Alexandria Echo Press

  28-12-2016 14:04 via echopress.com
  
  EDITORIAL: In the dark over life insurance? Here's help
  Alexandria Echo Press
  It happens too often: A family member dies suddenly or is incapacitated and doesn't have the ability to communicate before they pass away. If they don't have their financial affairs in order, their survivors, already grappling with grief, are left to ...
  
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• Hannover Re Receives License to Launch Branch in India

  28-12-2016 13:55
  
  Hannover Re received the approval (R3) to establish a branch in India from the Insurance Regulatory and Development Authority of India (IRDAI). The opening up of the Indian market to foreign reinsurers enables Hannover Re to enjoy direct access to …
  
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• Philippines Hunts for Crew of Ship Sunk by Typhoon Nock-Ten; AIR Comments

  28-12-2016 13:33
  
  The Philippine coast guard pressed its search Tuesday for 18 crewmen from a cargo ship that sank at the height of Typhoon Nock-Ten, which struck the country on Christmas Day. Coast guard spokesman Armand Balilo said 14 other crewmen have been rescued …
  
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• Ex-Players Drop Case to Force NFL to Pay Workers’ Compensation for Concussions

  28-12-2016 13:30
  
  The federal court case brought by 38 former National Football League players seeking to force the NFL to recognize chronic traumatic encephalopathy (CTE) as a covered disease under workers’ compensation has been withdrawn. Instead of pursuing their joint case, the …
  
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• Christmas Day Fire in Connecticut Blamed on Toy Hoverboard

  28-12-2016 13:30
  
  New Haven, Conn., fire officials say a toy hoverboard appears to be the cause of a Christmas Day apartment fire that displaced four people and sent one to the hospital. Battalion Chief Ben Vargas tells the New Haven Register the blaze …
  
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• Term Plan from Max Life Insurance - Buy Online - Minyanville.com

  28-12-2016 13:25 via minyanville.com
  
  Term Plan from Max Life Insurance - Buy Online
  Minyanville.com
  This article is published in collaboration with Scutify, where you can find real-time markets and stock commentary from Robert Marcin, Cody Willard and others. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com. To begin with ...
  
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• Fairfax Plans to Raise $1 Billion in IPO for Fund to Make Africa Investments

  28-12-2016 12:58
  
  Fairfax Financial Holdings Ltd., the Canadian insurer that made its largest acquisition last week, is selling shares in an initial public offering for a fund that will make investments in Africa. The company is seeking to raise as much as …
  
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• NN Group Agrees to Acquire Dutch Insurer Delta Lloyd for $2.6B

  28-12-2016 12:43
  
  NN Group NV agreed to buy Delta Lloyd NV for about 2.5 billion euros ($2.6 billion) after its earlier offer for the Dutch insurer was rejected. NN offered 5.40 euros a share in cash for Amsterdam-based Delta Lloyd, the companies …
  
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• Maine tried allowing the sale of health insurance from other states. It didn't work. - Bangor Daily News

  28-12-2016 12:43 via bangordailynews.com
  
  Bangor Daily News
  Maine tried allowing the sale of health insurance from other states. It didn't work.
  Bangor Daily News
  Maine is one of few states to have tried allowing the sale of health insurance across state lines. Print this Print · E-mail this Email · Facebook this Share · Tweet this Tweet. By Jackie Farwell, BDN Staff. Follow on Twitter. Posted Dec. 28, 2016, at ...
  Montclair Op-Ed: President Trump and Health Insurance in 2017Patch.com
  Insurance enrollment help is a
  
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• Judge Upholds Ban on Guns in Delaware State Parks, Forests

  28-12-2016 12:35
  
  A Delaware judge has sided with state environmental officials in a lawsuit challenging a ban on non-hunting firearms in state parks and forests. Members of the Bridgeville Rifle & Pistol Club and the Delaware State Sportsmen’s Association who have concealed-carry …
  
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• 3 keys to effective cash management for your insurance agency

  28-12-2016 12:30
  
  Successful cash management involves not only avoiding insolvency, but also selecting appropriate short-term investment vehicles, and increasing cash on hand to improve the agency’s cash position and profitability.
  
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• Chubb Names Lambourne as Head of Multinational Claims, Overseas General Insurance 

  28-12-2016 12:25
  
  Chubb announced that Graham Lambourne, currently Global Clients Claims manager, Europe, has been promoted to the role of head of Multinational Claims for Overseas General Insurance. Lambourne will be responsible for further refining and enhancing Chubb’s multinational claims capability, working with colleagues in North …
  
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• New Jersey Town Says It’s Not to Blame in Beach Collapse Death

  28-12-2016 12:13
  
  A beach town being sued for the drowning death of a man swept out to sea when the sand collapsed underneath him says it is immune from such lawsuits due to a state law governing unimproved public property. North Wildwood …
  
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• Five Things You Need To Know About Excess Insurance Policies - Mondaq News Alerts (registration)

  28-12-2016 12:01 via mondaq.com
  Five Things You Need To Know About Excess Insurance Policies
  Mondaq News Alerts (registration)
  In this video Miller Friel attorney Miles Karson discusses the five most important excess insurance policy issues that every corporate policyholder should consider. Excess insurance is not always given proper consideration, because, after all, most ...
  
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• 2 types of livestock insurance policies - Farm and Dairy

  28-12-2016 12:01 via farmanddairy.com
  
  Farm and Dairy
  2 types of livestock insurance policies
  Farm and Dairy
  The USDA's Risk Management Agency offers protection to livestock producers in two main policy types: Livestock Gross Margin (LGM) and Livestock Risk Protection (LRP). 1229 farming 101. 1Livestock Gross Margin Provides protection against loss of gross ...
  
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• Nimble should be the new normal at multiline insurers

  28-12-2016 12:00
  
  Building bridges among product lines and injecting more operating flexibility into siloed insurance organizations should enable faster reallocation of resources and help carriers attain an evolving, yet optimal product portfolio and improve return on capital.
  
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• 3 emerging risks your clients aren’t prepared for in 2017

  28-12-2016 12:00
  
  The simple, necessary steps clients can take to protect themselves from new forms of risk.
  
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• SCOR Authorized to Open India Branch Office to Write Life, P/C Reinsurance

  28-12-2016 11:36
  
  The Insurance Regulatory and Development Authority of India (IRDAI) has granted SCOR “R3 authorization,” allowing the group to open a composite branch office in India to conduct life and P/C reinsurance business. SCOR has been writing business with Indian clients …
  
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• Major Travel Booking Systems Vulnerable to Hackers: Researchers

  28-12-2016 11:15
  
  Major travel booking systems lack a proper way to authenticate air travelers, making it easy to hack the short code used on many boarding passes to alter flight details or steal sensitive personal data, security researchers warned on Tuesday. Passenger …
  
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• Nigeria: Govt Fails to Renew Insurance of Civil Servants, Others As Year Ends - AllAfrica.com

  28-12-2016 10:25 via allafrica.com
  Nigeria: Govt Fails to Renew Insurance of Civil Servants, Others As Year Ends
  AllAfrica.com
  Abuja — With barely three working days left to the end of the 2016 business year, confusion continues to trail the Federal Government's inability to renew the Group Life insurance coverage for its federal civil servants and insurance of its assets ...and more »
  
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• Insurance firm apologises to nurses over advertisement - Bangkok Post

  28-12-2016 08:47 via bangkokpost.com
  
  Bangkok Post
  Insurance firm apologises to nurses over advertisement
  Bangkok Post
  Thai Life Insurance Plc on Wednesday apologised to the Thailand Nursing and Midwifery Council for its latest commercial, after criticism it denigrated the nursing profession. Duangduen Kongkasawad, executive vice president of the company, sent a letter ...and more »
  
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• Nebraska Medicaid officials try to save insurance program that covers 247 - Omaha World-Herald

  28-12-2016 07:06 via omaha.com
  
  Omaha World-Herald
  Nebraska Medicaid officials try to save insurance program that covers 247
  Omaha World-Herald
  LINCOLN — Nebraska Medicaid officials are taking steps to preserve a program under which Medicaid helps pay private health insurance premiums for some people. Without those steps, most of those people would have been dropped from the Health ...
  
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• Update on the Opioid Epidemic in U.S.

  28-12-2016 07:00
  
  Drug overdose deaths, including opioid overdose deaths, continue to increase in the United States, according to new data from the federal government. The Morbidity and Mortality Weekly Report of the Centers for Disease Control and Prevention (CDC) reports that in …
  
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• 500-Plus Oceanfront Homes in Florida Still at Risk Months after Matthew

  28-12-2016 06:45
  
  Officials estimate over 500 oceanfront homes remain at risk months of Hurricane Matthew swept past northeast Florida’s coastline. According to the St. Augustine Record, St. Johns County officials say all 42 miles of county beaches suffered erosion from the Category …
  
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• Brentwood Services Administrators Adds Vinson in North Carolina

  28-12-2016 06:40
  
  Brentwood Services Administrators Inc. has selected Theresa Vinson as a new senior claim representative in the Raleigh, N.C., office, according to Jeff Pettus, president and CEO of BSA. In her position as senior claim representative, Vinson is responsible for reviewing, …
  
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• Truck Rolls Away From North Carolina Construction Site, Kills 5-Year-Old Boy

  28-12-2016 06:33
  
  Authorities say a young boy has been killed by an unmanned truck that rolled down a hill after it wasn’t properly secured at a construction site. Hillsborough Police Chief Duane Hampton says the 5-year-old boy was playing in the neighborhood …
  
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• BRIEF-China insurance regulator says policyholders' life expectancy rising - Reuters

  28-12-2016 06:04 via reuters.com
  
  BRIEF-China insurance regulator says policyholders' life expectancy rising
  Reuters
  Dec 28 Indian shares gave up early gains to close little changed on Wednesday as investors booked profits, though gains in some recently battered stocks helped support markets. Brazil's Temer to veto states' debt relief bill - papers. SAO PAULO, Dec 28 ...
  
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• 7 homeowners trends for 2017

  28-12-2016 06:01
  
  New coverage risks for the year ahead.
  
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• Why the FHA Shouldn't Cut Its Mortgage Insurance Premium Again - RealClearMarkets

  28-12-2016 04:49 via realclearmarkets.com
  RealClearMarkets
  Why the FHA Shouldn't Cut Its Mortgage Insurance Premium Again
  RealClearMarkets
  Rumors have been circulating for the past few months that, in a grand parting gesture to aid homebuyers, the outgoing administration may again cut the mortgage insurance premium charged by the Federal Housing Administration (FHA). Based on our ...
  
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• China Cinda sells insurance unit to Shenzhen Investment for $607 mln - Reuters

  28-12-2016 04:03 via reuters.com
  
  China Cinda sells insurance unit to Shenzhen Investment for $607 mln
  Reuters
  HONG KONG Dec 28 China Cinda Asset Management Co, one of the country's four state-backed bad-debt managers, said on Wednesday it would sell 41 percent of Cinda Property and Casualty Insurance Co Ltd to Shenzhen Investment Holding Co Ltd for ...and more »
  
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• Farmington amends wording of insurance policy buyouts | Sun Journal - Lewiston Sun Journal

  28-12-2016 03:26 via sunjournal.com
  Farmington amends wording of insurance policy buyouts | Sun Journal
  Lewiston Sun Journal
  FARMINGTON — The Board of Selectmen voted Tuesday to accept amended wording on a provision for employee health insurance buyouts, clarifying to ...and more »
  
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• Farmington amends wording of insurance policy buyouts - Lewiston Sun Journal

  28-12-2016 03:26 via sunjournal.com
  Farmington amends wording of insurance policy buyouts
  Lewiston Sun Journal
  FARMINGTON — The Board of Selectmen voted Tuesday to accept amended wording on a provision for employee health insurance buyouts, clarifying to indicate the buyout is for the employee. Share. E-mail this story Print this story Save this story ...and more »
  
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• Racists Attack State Farm Insurance for Interracial Ad - Politic365

  28-12-2016 02:34 via politic365.com
  
  Politic365
  Racists Attack State Farm Insurance for Interracial Ad
  Politic365
  State Farm Insurance tweeted a photo of a Black man proposing to a white woman and racists came out in force. The stock photo for the ad was joined by the words, “Who said yes? Cheers to the newly engaged this holiday season! Be sure to ...and more »
  
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• Hattiesburg man charged with Medicaid, insurance fraud - Hattiesburg American

  28-12-2016 01:15 via hattiesburgamerican.com
  
  Hattiesburg American
  Hattiesburg man charged with Medicaid, insurance fraud
  Hattiesburg American
  A 33-year-old Hattiesburg man was arrested last week and charged with multiple counts of Medicaid, insurance and wire fraud. The charges against Austin Grant O'Dom stem from two indictments from the Forrest County grand jury, Attorney General Jim ...and more »
  
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