Insurance news

• California College Pays Hacker Ransom for Compromised Student Data

  10-01-2017 23:57
  
  A California community college has paid a $28,000 ransom after a hacker took student data hostage. The Los Angeles Daily News reported that 1,800 Los Angeles Valley College teachers and staff were locked out of their computers last week, leaving …
  
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• Nevada High School Football Coach Targeted in Bullying Suit

  10-01-2017 23:51
  
  Three former Nevada high school football players have filed a federal lawsuit that says they had to leave the team after they challenged bullying from their coach. The lawsuit names the coach, Galena High School principal and Washoe County School …
  
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• Insurance Customers In Pennsylvania Look To Trump To Ease Their Burden - NPR

  10-01-2017 22:41 via npr.org
  
  NPR
  Insurance Customers In Pennsylvania Look To Trump To Ease Their Burden
  NPR
  Abra and Matt Schultz, both 32, recently built a house in a middle class neighborhood in Pottsville, Pa. Matt works as a carpenter foreman for a construction company. He and Abra, his wife, are right in Trump's wheelhouse — Republicans in Republican ...and more »
  
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• RightSure Insurance Purchases American Cornerstone in Arizona

  10-01-2017 21:43
  
  RightSure Insurance Group has acquired Chandler, Ariz.-based American Cornerstone. The purchase of American Cornerstone represents RightSure’s 10th book of business acquisition. American Cornerstone offers a variety of insurance products, including home, renters, motorcycle and RV. Tucson, Ariz.-based RightSure is licensed …
  
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• Illinois Roofing Contractor Barringer Fined Again for Fall Hazards

  10-01-2017 18:48
  
  An Illinois roofing contractor has once again been cited and fined by federal safety officials for exposing workers to fall hazards. Proposed Occupational Safety and Health Administration (OSHA) penalties total $214,782. Robert Barringer III, operating as Barringer Brothers Roofing, has …
  
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• The most dangerous U.S. cities for pedestrians

  10-01-2017 18:36
  
  The elderly, the poor, and non-white pedestrians are disproportionately likely to be killed in a traffic accident.
  
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• Ascension Risk Services Taps Christensen to Lead New Nebraska Office

  10-01-2017 18:25
  
  Ascension Risk Services, a diversified wholesale broker and managing general agent, has launched a new office in Omaha, Neb., and named Bria Christensen as vice president. Christensen will be responsible for growing the region and the company’s presence in the Great Plains …
  
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• Census: Work-Related Deaths Increase in Arkansas

  10-01-2017 18:23
  
  A recent census shows a majority of Arkansas’ work-related deaths in 2015 were linked to transportation. The Arkansas Department of Labor’s census shows the state had 74 work-related deaths in 2015. That is up from 67 the previous year. More …
  
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• Ohio Supreme Court Takes Up Dayton Traffic Cameras Case

  10-01-2017 18:21
  
  For the third time in less than a decade, the use of traffic cameras by Ohio cities is before the state Supreme Court. Attorneys for the city of Dayton are urging the justices to reject a law passed by the …
  
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• NFIP: Number of Flood Policies in Louisiana Spikes to More than 480K

  10-01-2017 18:18
  
  The National Flood Insurance Program (NFIP) says there are now more than 480,000 active NFIP flood policies in Louisiana following the March and August floods, representing an increase of more than 35,000 policies. NFIP had the largest monthly increase of …
  
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• Nation’s Largest Alliance of Independent Agencies Grows Membership Again in 2016

  10-01-2017 18:15
  
  The largest alliance of independent insurance agencies in the United States, SIAA, or the Strategic Insurance Agency Alliance, added 441 new independent agencies to its membership roster in 2016, bringing the total number of members to more than 6,100 agencies. …
  
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• Flooding leads list of U.S. climate disasters costing $46 billion in 2016

  10-01-2017 18:00
  
  Inland flooding has emerged as the costliest U.S. weather event for the first time since 1997.
  
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• Ex-Professor Sues Utah University for More than $22M over Firing

  10-01-2017 17:12
  
  A former theater professor at Dixie State University in Utah who was found not guilty of assaulting a student is suing university faculty and staff members for more than $22 million over his termination. The Spectrum of St. George reported Varlo …
  
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• Hundreds of Evacuations in California, Nevada from Flooding

  10-01-2017 17:09
  
  Hundreds fled homes as a massive winter storm packing heavy rain, damaging winds and lightning caused mudslides and widespread flooding in Northern California and Nevada. The Russian River in California’s Sonoma County and the Truckee River near Reno, Nevada, overflowed …
  
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• Uber Seeks to Help Cities Better Understand Traffic Patterns

  10-01-2017 17:01
  
  San Francisco, Calif.-based Uber is offering a helping hand to some of the same city leaders it sometimes antagonizes with the aggressive way it runs its popular ride-hailing service. The assistance will come in the form of a free website, …
  
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• 10 richest states in America

  10-01-2017 17:00
  
  Whether relocating to start a business, looking for new clients or relocating to retire, you might consider these 10 richest states.
  
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• Trade Credit Coverholder, Equinox Global, Names Jackson as Credit Analyst

  10-01-2017 16:41
  
  Equinox Global, the Lloyd’s coverholder specializing in trade credit insurance, is pleased to announce the appointment of Simon Jackson as a credit analyst. Jackson is based in the London office and will work with the UK team. His appointment follows …
  
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• Floods, Other Major Climate Events Cost U.S. $46 Billion, 138 Lives in 2016

  10-01-2017 16:26
  
  During 2016, the United States experienced 15 weather and climate disasters with insured and uninsured losses exceeding $1 billion each across the United States. Overall, these events resulted in the deaths of 138 people and had “significant economic effects” on …
  
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• India to Open High-Tech Financial Hub for Banks, Insurers

  10-01-2017 16:22
  
  Prime Minister Narendra Modi is set to inaugurate an international exchange in Gujarat state’s new finance zone, seeking to grab some of India’s $48 billion in offshore banking activities from Singapore, Dubai and Hong Kong. The India International Exchange, at …
  
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• Aon Launches Solution to Help Firms Manage Brexit Risks, Opportunities

  10-01-2017 15:40
  
  Aon plc has launched “Brexit Navigator,” a tailor-made solution designed to help organizations quantify the impact of Brexit risk exposures, and redesign their risk management and risk financing structures. Brexit Navigator is supported by an interactive tool that presents scenario-based …
  
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• Today’s Insurance Agency E&O Costs, Coverage and Claims

  10-01-2017 15:13
  
  Independent agency owners spend their entire careers worrying about the risks and exposures of others. Managing the risks of their own agencies can take a backseat to helping their clients. While agents appreciate the importance of errors and omissions (E&O) coverage …
  
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• Penn State Abuse Scandal Costs Approach a Quarter-Billion

  10-01-2017 14:52
  
  Penn State’s costs related to the Jerry Sandusky scandal are approaching a quarter-billion dollars and growing, five years after the former assistant football coach’s arrest on child molestation charges. The scandal’s overall cost to the school has reached at least …
  
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• Canada’s CMW & Capri Insurance Services Announce Merger

  10-01-2017 14:00
  
  CMW Insurance Services Ltd. and Capri Insurance Services Ltd. announced they merged on Jan. 1, 2017 to create “one of the largest insurance brokerages and risk management firms in Western Canada.” The two independent and employee-owned British Columbia-based companies have …
  
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• Unfettered EU Access Must Be Priority of Brexit Talks: Report

  10-01-2017 13:23
  
  Britain’s financial services sector must keep its unfettered access to the European Union’s single market after Brexit given that available alternatives don’t provide a sustainable long-term solution, an industry report said on Tuesday. British Prime Minister Theresa May is due …
  
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• Is Soft Market Bottoming? A.M. Best Points to Some Promising Signs

  10-01-2017 13:00
  
  Some observers believe the bottom of the reinsurance market may be in sight because brokers are having greater difficulty filling out underpriced programs and further concessions in terms are difficult to obtain, according to a report published by A.M. Best. …
  
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• Arthur J. Gallagher & Co. Acquires Maryland’s Construction Risk Solutions

  10-01-2017 12:53
  
  Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm headquartered in Itasca, Ill., has announced the acquisition of Construction Risk Solutions LLC (CRS) in Hunt Valley, Md. Terms of the transaction were not disclosed. Established …
  
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• Everest Insurance Expands with East Region Hires

  10-01-2017 12:40
  
  Everest Insurance has continued the expansion of its property underwriting team with several Eastern region hires. Patrick Mulready has been appointed vice president of the Everest Wholesale Property Division based in Boston, Mass. With more than ten years of property …
  
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• Federal Housing Agency to Lower Mortgage Insurance Premiums

  10-01-2017 12:33
  
  The U.S. Federal Housing Administration will reduce the annual premiums on mortgage insurance on home loans the agency insures by a quarter point on Jan. 27, it said on Monday. The FHA projected homeowners it insures would save an average …
  
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• Morrison Mahoney Hires 13 Attorneys in New York

  10-01-2017 12:30
  
  Morrison Mahoney has hired 13 attorneys, including 5 partners and 8 associates, to the firm’s New York office. The group will be based in New York and provide service across all of Morrison Mahoney’s 10 Northeast offices. The addition will …
  
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• Source Says Anbang in Talks with Kushner for New York Building Overhaul

  10-01-2017 12:23
  
  China’s Anbang Insurance Group is in talks to invest in a project to redevelop a flagship New York City building owned by Kushner Companies, the family real estate business run by U.S. President-elect Donald Trump’s son-in-law Jared Kushner, according to …
  
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• First MiCRO natural catastrophe business interruption coverage launched in Guatemala

  10-01-2017 12:15
  
  Swiss Re offers natural catastrophe business interruption insurance in Guatemala through MiCRO. Learn more about the program and how it helps the under-insured.
  
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• What Does Homeowners Insurance Cover? - Go Banking Rates

  10-01-2017 11:10 via gobankingrates.com
  
  Go Banking Rates
  What Does Homeowners Insurance Cover?
  Go Banking Rates
  Home structure: If your home is damaged or destroyed by a natural disaster, such as a fire, hurricane, hail or lightning, your insurance company will pay to repair or rebuild it. This also extends to detached structures, such as garages, walls and ...
  
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• Abrupt repeal of Obamacare could cause instability, collapse insurance markets - Press Herald

  10-01-2017 10:04 via pressherald.com
  
  Press Herald
  Abrupt repeal of Obamacare could cause instability, collapse insurance markets
  Press Herald
  Some of the contemplated actions in Washington could have terrible consequences for thousands of Maine citizens who would lose coverage. By Mila Kofman, Alessandro Iuppa and Brian K. Atchinson Special to the Press Herald. Share. facebook · tweet.
  
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• Thwarted love and insurance coverage - Overlawyered

  10-01-2017 07:28 via overlawyered.com
  
  Thwarted love and insurance coverage
  Overlawyered
  From the First Circuit's opinion introducing the case of Sanders v. Phoenix Insurance Company, arising out of somewhat lurid facts touching on both insurance coverage and professional responsibility: SELYA, Circuit Judge. This case begins with a tragic ...and more »
  
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• Normandy Insurance Expands Workers’ Compensation Coverage to Georgia

  10-01-2017 07:10
  
  Florida-based workers’ compensation carrier Normandy Insurance Co. has expanded its coverage into Georgia, bringing the total number of states it offers coverage to two. The company also writes coverage in Florida. In addition to expanding its operations into Georgia, Normandy …
  
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• Baldwin Risk Partners Teams Up With Ryan Insurance & Financial Services of Tampa - Insurance Journal

  10-01-2017 07:07 via insurancejournal.com
  
  Baldwin Risk Partners Teams Up With Ryan Insurance & Financial Services of Tampa
  Insurance Journal
  Baldwin Risk Partners (BRP), an insurance distribution holding company based in Tampa, Fla., has partnered with Ryan Insurance & Financial Services, a Deland, Fla.-based independent insurance agency. According to BRP, the partnership with Ryan will ...
  
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• Baldwin Risk Partners Teams Up With Ryan Insurance & Financial Services of Tampa

  10-01-2017 07:01
  
  Baldwin Risk Partners (BRP), an insurance distribution holding company based in Tampa, Fla., has partnered with Ryan Insurance & Financial Services, a Deland, Fla.-based independent insurance agency. According to BRP, the partnership with Ryan will bring in a substantial amount …
  
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• West Virginia Beef-Jerky Maker Sued for Firing Worker Who Tried to Report Accident

  10-01-2017 06:50
  
  The owner of a now-closed beef-jerky maker in West Virginia is being sued by the federal government for firing an employee who tried to call 911 to help a co-worker with a severed thumb. John M. Bachman, who owned the …
  
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• Alabama Supreme Court: Woman Can Sue Doc for Wrongful Death After Miscarriage

  10-01-2017 06:44
  
  The Alabama Supreme Court has ruled that a woman can pursue a wrongful-death lawsuit against an obstetrician after a miscarriage when she was five to six weeks pregnant. Justices last month reversed a trial judge’s order dismissing the wrongful-death claim. …
  
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• 10 questions to help assess your clients' changing insurance needs

  10-01-2017 06:01
  
  Insurance needs change as circumstances in your clients' lives change.
  
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• Insurance company suing city of Decatur over TN River pollution - WAFF

  10-01-2017 05:06 via waff.com
  
  Insurance company suing city of Decatur over TN River pollution
  WAFF
  TIG Insurance is suing the city of Decatur over the Tennessee River pollution. (Source: WAFF). DECATUR, AL (WAFF) -. Another lawsuit has been filed against the city of Decatur over the pollution of the Tennessee River. This suit comes from the ...and more »
  
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• Insurance for law enforcement and firefighters' survivors among early bills - KTOO

  10-01-2017 04:29 via ktoo.org
  
  KTOO
  Insurance for law enforcement and firefighters' survivors among early bills
  KTOO
  The funeral procession for slain police officers Matt Tokuoka and Tony Wallace moves through downtown Hoonah in 2010. (Photo by Casey Kelly/KTOO). Lawmakers couldn't agree last year whether to permanently provide health insurance to the survivors of ...
  
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• Insurance Company Forced To Pay For Medical Cannabis Treatment - Green Rush Daily

  10-01-2017 01:46 via greenrushdaily.com
  
  CULTURE Magazine (subscription)
  Insurance Company Forced To Pay For Medical Cannabis Treatment
  Green Rush Daily
  Andrew Watson is a 39-year-old lumberyard worker who lives in New Jersey. Back in 2008, he seriously injured his hand in a power saw accident. Ever since he has suffered from long-lasting neuropathic pain. As is typical for cases like Watson's, doctors ...
  January 9, 2017 - Insurance Company Forced to Reimburse New Jersey Man for Medical CannabisCULTURE Magazine (subscription)all
  
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• No health insurance hurts everyone - NBC Nebraska

  10-01-2017 01:41 via nbcneb.com
  
  NBC Nebraska
  No health insurance hurts everyone
  NBC Nebraska
  GRAND ISLAND, Neb. (KSNB) - The person without insurance isn't the only one paying up, but so are we. The Affordable Care Act says that by law everyone has to have health insurance. And if you don't, you could be looking at a penalty. Those without ...
  
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• Johnson gives public health insurance option another go - Mankato Free Press

  10-01-2017 01:17 via mankatofreepress.com
  
  Mankato Free Press
  Johnson gives public health insurance option another go
  Mankato Free Press
  Rep. Clark Johnson has brought a proposal to put MinnesotaCare on the health insurance market back to life. The North Mankato DFLer revived the bill Monday in the House as lawmakers gear up for public discussions on how best to curb skyrocketing ...
  
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• Millions of Obamacare enrollees already had health insurance - Washington Examiner (blog)

  10-01-2017 00:33 via washingtonexaminer.com
  
  Millions of Obamacare enrollees already had health insurance
  Washington Examiner (blog)
  Democrats and mainstream media outlets often claim Obamacare expanded coverage to 20 million individuals, based on surveys by the Department of Health and Human Services. However, new research finds that Obamacare covers far fewer ...and more »
  
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• Shotts Named VP at Ascend Insurance Brokerage in Dallas

  10-01-2017 00:06
  
  David Shotts joined Dallas-based Ascend Insurance Brokerage as vice president. Ascend specializes in insurance and risk management services for the entertainment industry. Shotts formerly was vice president of Risk Management at USI. He also previously worked at at Investigation Technologies as …
  
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• Microsoft CEO takes bots to insurance and beyond - CNBC

  10-01-2017 00:05 via cnbc.com
  
  CNBC
  Microsoft CEO takes bots to insurance and beyond
  CNBC
  For an early look into how chat bots are being used commercially, Microsoft CEO Satya Nadella suggests looking at the insurance industry. From sales to customer service, "you're seeing a lot of action in terms of people building bots that have real ...and more »
  
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