Insurance news

• California Governor Pitches $122.5B Budget, Issues Deficit Warning

  11-01-2017 23:22
  
  California Gov. Jerry Brown proposed a $122.5 billion state spending plan this week and warned of a looming $1.6 billion budget deficit because of slow growth in tax revenues. Brown announced his proposed budget as the state faces uncertainty about …
  
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• Wells Fargo Overhauls Pay Plan for Branch Employees Following Scandal

  11-01-2017 23:14
  
  San Francisco, Calif.-based Wells Fargo is completely restructuring how it pays tellers and other bank branch employees after a scandal over its aggressive sales practices. Employees will no longer get incentives for opening accounts or meeting sales goals. They will …
  
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• Drought-weakened Trees Are Falling Hazards in Rainy California

  11-01-2017 23:08
  
  Drenching winter rains combined with the punishing effects of six years of drought are causing trees to topple across California, in some cases with deadly results. At least two people have been killed in the past month. Seemingly sturdy oaks, …
  
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• LP Insurance Adds Flueckiger to Benefits Team in Nevada

  11-01-2017 22:55
  
  LP Insurance Services Inc. has added John Flueckiger to the southern Nevada employee benefits sales team. Flueckiger is responsible for developing new business relationships as well as retaining and servicing existing clients. He was most recently the director of sales …
  
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• Evolving cyber concerns create gaps in homeowners’ coverage

  11-01-2017 20:00
  
  Today’s criminals don’t want just your jewelry or car anymore — they want your digital property.
  
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• Around the P&C insurance industry: Jan. 11, 2017

  11-01-2017 19:00
  
  News from USI, Hub International, Neon and more.
  
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• Tennessee School Bus Driver Evacuates Students Before Bus Bursts Into Flames

  11-01-2017 18:57
  
  No students were injured when a Tennessee school bus burst into flames shortly after its driver noticed smoke and unloaded 29 children on board. Alcoa City Schools Director Brian Bell says that at about 7 a.m. Monday, the driver heard …
  
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• Cybersecurity Firm IDT911 Rebrands to CyberScout, Plans Global Expansion

  11-01-2017 18:51
  
  Cybersecurity prevention and resolution firm IDT911 has changed its name to CyberScout, to better align with its mission of helping clients in the digital world deal with ever-evolving cyber threats. CyberScout primarily serves clients in the insurance, financial services and …
  
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• Update: Life insurance startup Ladder launches in California ... - TechCrunch

  11-01-2017 18:47 via techcrunch.com
  
  TechCrunch
  Update: Life insurance startup Ladder launches in California ...
  TechCrunch
  Update: This story has been updated to reflect that as of January 2016, Haven Life, the MassMutual's high tech life insurer, was available in 43 states as of..and more »
  
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• 18 Female Gymnasts Sue Michigan Doctor, Alleging Sexual Abuse

  11-01-2017 18:45
  
  A Michigan doctor accused of sexually abusing gymnasts has been hit with a new lawsuit by 18 women and girls who say they were molested by him, mostly at his clinic at Michigan State University. The lawsuit against Dr. Larry …
  
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• Reuters: Beyond Flint, Thousands of Areas in U.S. Struggle with Lead Poisoning

  11-01-2017 18:35
  
  On a sunny November afternoon in St. Joseph, Missouri, birthplace of the Pony Express and death spot of Jesse James, Lauranda Mignery watched her son Kadin, 2, dig in their front yard. As he played, she scolded him for putting …
  
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• Houston-Area Nightclub to Pay $139K in Disability Discrimination Case

  11-01-2017 18:25
  
  A Houston-area nightclub and party venue must pay $139,366 in a federal lawsuit alleging disability discrimination in the workplace. The U.S. Equal Employment Opportunity Commission (EEOC) said Diallo’s of Houston will also furnish other relief as a result of an EEOC …
  
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• Argo Surety Names Layman VP, Chief Underwriting Officer

  11-01-2017 18:24
  
  Argo Surety, a Houston-based member of Argo Group International Holdings Ltd., has appointed David M. Layman as vice president and chief underwriting officer (CUO) of Contract Surety. Layman will be responsible for managing the company’s contract surety portfolio, establishing contract …
  
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• Report: Oklahoma Saltwater Disposal Volumes Decline in Earthquake Zone

  11-01-2017 18:20
  
  Recent reports show that disposal well operators placed about 23 percent less saltwater into Oklahoma’s deepest geological formation within the earthquake zone in 2016 compared to the previous year. The year-end data reports about the Arbuckle formation come from the …
  
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• Insurers Object to Workers’ Comp Reform Proposal in Illinois

  11-01-2017 18:18
  
  Insurance industry lobbying groups are speaking out against a proposed amendment to an Illinois statute that would give insurance regulators in that state more control over workers’ compensation rates. Illinois House Amendment 4 to SB 2901 would, among other things, …
  
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• Did snow, ice or water cause the damage?

  11-01-2017 17:45
  
  Determining coverage often depends on the peril that caused the damage.
  
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• Proposed changes to NY cybersecurity regs could affect financial institutions

  11-01-2017 17:20
  
  Learn how the NY State Department of Financial Services recently modified its cybersecurity regulations, and what it might mean for your business.
  
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• House Kicks Off Year by Passing Sports Team Doctors’ Liability Bill

  11-01-2017 17:06
  
  As Alabama and Clemson prepared for the national college football championship game kick-off the other day, the U.S. House of Representatives passed a bill on liability rules for sports medicine physicians and athletic trainers. The Sports Medicine Licensure Clarity Act …
  
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• Get Health Insurance Through Your Employer? ACA Repeal Will Affect You, Too - Health Affairs (blog)

  11-01-2017 16:41 via healthaffairs.org
  
  Health Affairs (blog)
  Get Health Insurance Through Your Employer? ACA Repeal Will Affect You, Too
  Health Affairs (blog)
  Much of the recent attention on the future of the Affordable Care Act (ACA) has focused on the fate of the 22.5 million people likely to lose insurance through a repeal of Medicaid expansion and the loss of protections and subsidies in the individual ...
  How Much More Will Insurance Be For Pregnant Women If Obamacare Is Repealed?Romper
  As Obamacare Repeal Heats Up, Newly Insur
  
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• Exiting U.S. Trade Rep Urges Trump to Uphold Trans-Pacific Trade Deal

  11-01-2017 15:35
  
  President Barack Obama’s departing chief trade negotiator warned the Trump administration on Tuesday that it risked abdicating U.S. leadership in Asia by scrapping Obama’s 12-country Pacific Rim free trade deal. Michael Froman, in excerpts of his final speech as U.S. …
  
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• Hamilton Re Names Xuber’s Isaly as SVP, Head of Information Systems

  11-01-2017 14:33
  
  Hamilton Re, the Bermuda-based platform of Hamilton Insurance Group, announced that Matthew Isaly has been appointed to the newly created position of senior vice president, head of Information Systems. Reporting to Chief Financial Officer Vanessa Hardy Pickering, Isaly works with Hamilton Re’s management team …
  
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• XL Catlin Launches Environmental Solution in Ireland

  11-01-2017 13:42
  
  XL Catlin announced the launch of a new environmental insurance solution in Ireland, which is tailored to address the Environmental Protection Agency’s (EPA) Guidance on Financial Provision for Environmental Liabilities. A key stipulation of the guidance, published in October 2015, …
  
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• BHSI Enters Canada Marine Market; Chubb’s Rider Tapped as Sr. U/W

  11-01-2017 12:59
  
  Berkshire Hathaway Specialty Insurance (BHSI) announced it is introducing inland and ocean marine insurance in Canada and has named Gord Rider as senior marine underwriter. “We are pleased to welcome Gord to our team of marine specialists,” said John Evans, …
  
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• Volkswagen Agrees to $4.3 Billion U.S. Settlement Over Emissions Fraud

  11-01-2017 12:49
  
  Volkswagen AG confirmed on Tuesday it has negotiated a $4.3 billion draft settlement with U.S. regulators to resolve its diesel emissions troubles and plans to plead guilty to criminal misconduct. The guilty plea is part of the civil and criminal …
  
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• Hub International Northeast Promotes CFO and First Vice President

  11-01-2017 12:40
  
  Hub International Northeast (Hub Northeast), a subsidiary of Hub International Limited, has promoted executive vice president and chief financial officer (CFO), Michael Sabanos, to the newly created position of chief operating officer (COO). First Vice President Harsh Bhasin will succeed …
  
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• Ames & Gough Appoints Lynch as Senior Broker in Virginia Office

  11-01-2017 12:40
  
  Ames & Gough, an insurance broker and risk management consultant specializing in serving design professionals, law firms, associations and nonprofits and other professional service organizations, has appointed Brian C. Lynch as a senior broker. He is based in the firm’s McLean, …
  
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• 2017 Cyber Risks to Intensify as Hackers Become More Cunning: Report

  11-01-2017 12:34
  
  Top cyber threats during 2017 are expected to include nation state cyber espionage, a rise in data integrity attacks and an increase in attacks harnessing Internet of Things (IoT) devices, according to a report published by Stroz Friedberg, an Aon …
  
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• Evaluating a claim by the numbers

  11-01-2017 12:30
  
  The scope, size and scale of an event can affect how the claims process is handled.
  
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• NTSB to Probe Pennsylvania Trolley Crash that Hurt Nearly 50

  11-01-2017 12:26
  
  Federal crash investigators are heading to Philadelphia a day after a collision between two trolley cars injured nearly 50 people. A National Transportation Safety Board spokesman says the agency is sending a team to look into the crash in west …
  
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• Security Tightened at Massachusetts Airport after Florida Attack

  11-01-2017 12:15
  
  Authorities say they’ve got “enhanced” security measures in place at Boston’s Logan International Airport in the wake of the deadly airport shooting in Fort Lauderdale, Florida. Massachusetts State Police and Massport, the state agency that oversees Logan, issued a joint …
  
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• Trump presidency could bring momentum to much needed flood insurance reform

  11-01-2017 12:00
  
  The National Flood Insurance Program is set to expire in September unless it's reauthorized by Congress. Will the Trump Administration support it?
  
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• 10 new digital marketing tips for agents, advisors [infographic]

  11-01-2017 12:00
  
  There's one thing insurance executives can bank on when it comes to their online image: It requires thoughtful strategy.
  
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• Winter Storm in North Carolina Kills 2, Causes More Than 1,600 Accidents

  11-01-2017 07:14
  
  An 85-year-old Surry County man who died from prolonged exposure to cold is North Carolina’s second fatality from the winter storm, state officials said Monday as the bitter cold dug into the state for another day. The man died Monday …
  
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• The Crichton Group Acquires RLH Agency in Nashville

  11-01-2017 06:59
  
  The Crichton Group of Tennessee has acquired RLH Agency, LLC, a long-standing Middle Tennessee insurance agency focused on the construction industry. Robert L. Harris, insurance industry veteran and founder of RLH Agency, will join The Crichton Group as a partner. …
  
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• Here are the top 10 states people are moving into

  11-01-2017 06:01
  
  Insurance professionals in the top 10 states people are moving to may have expanded opportunities to help clients find coverage.
  
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• Tornadoes, Hurricanes and Fires… Oh My! 2016 A Rough Year for the Southeast

  11-01-2017 06:00
  
  It is fair to say 2016 was the year of the catastrophe in the Southeast. Tornadoes, drought, floods, hurricanes, and wildfires impacted virtually every state in the region. For the insurance industry, these events made for a very busy year …
  
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• MF Global’s Corzine to Pay U.S. Regulator $5 Million Over Firm’s Collapse

  11-01-2017 02:58
  
  Jon Corzine, former New Jersey governor and Goldman Sachs co-chairman, will pay a $5 million civil fine to settle a U.S. regulator’s lawsuit over the 2011 collapse of his commodity brokerage, MF Global Holdings Ltd. Thursday’s accord with the U.S. …
  
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