Insurance news

• Under Tom Price's ACA-killing plan, 18M lose insurance and premiums rise - Ars Technica

  17-01-2017 23:54 via arstechnica.com
  
  Ars Technica
  Under Tom Price's ACA-killing plan, 18M lose insurance and premiums rise
  Ars Technica
  Enlarge / Tom Price, R-Ga., speaks at a signing ceremony for the "Restoring Americans Healthcare Freedom Reconciliation Act of 2015" (HR 3762) at the US Capitol. Getty | Congressional Quarterly · reader comments 169. Share this story. Republican ...and more »
  
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• Earthquake Insurance is Affordable - FOX40

  17-01-2017 23:40 via fox40.com
  
  FOX40
  Earthquake Insurance is Affordable
  FOX40
  The California Earthquake has been providing California homeowners with earthquake insurance since 1996. It's extremely important to be prepared for the unexpected, especially considering that California is earthquake country. With their premium ...
  
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• 18 Million People Could Lose Insurance In First Year After Partial Obamacare Repeal - NPR

  17-01-2017 23:26 via npr.org
  
  NPR
  18 Million People Could Lose Insurance In First Year After Partial Obamacare Repeal
  NPR
  A partial repeal of Obamacare could leave 18 million people who have insurance today with no coverage one year later, according to an analysis by the nonpartisan Congressional Budget Office. The report estimates that 32 million people would lose their ...
  Health Law Repeal Could Cost 18 Million Their Insurance, Study FindsNew York Times
  18 million would lose insurance in first year of Obamacare repe
  
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• Oldham County family fighting health insurance company for continued rehab coverage for son with brain injury - WDRB

  17-01-2017 22:48 via wdrb.com
  
  WDRB
  Oldham County family fighting health insurance company for continued rehab coverage for son with brain injury
  WDRB
  "A jar of pickles had cockroaches floating in it," an officer wrote in the report. More >>. "A jar of pickles had cockroaches floating in it," an officer wrote in the report. More >> · Clark County councilman gets call from Donald Trump after ...and more »
  
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• CBO Predicts Obamacare Repeal Could Leave Millions Without Insurance - NPR

  17-01-2017 22:40 via npr.org
  
  CBO Predicts Obamacare Repeal Could Leave Millions Without Insurance
  NPR
  A Congressional Budget Office analysis requested by Democrats says a repeal of Obamacare could leave millions uninsured. But Republicans insist they will come up with a replacement law to provide insurance. KELLY MCEVERS, HOST: Republican ...
  
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• Malvern Bancorp to branch out with area insurance office - Allentown Morning Call

  17-01-2017 22:03 via mcall.com
  
  Allentown Morning Call
  Malvern Bancorp to branch out with area insurance office
  Allentown Morning Call
  Malvern Bancorp Inc., the holding company for Malvern Federal Savings Bank, plans to open an insurance subsidiary in Quakertown that will sell policies and other product lines in the Lehigh Valley. (Joe Raedle/Getty Images file photo). The Morning Call ...and more »
  
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• 26% of Natural Disaster Economic Losses in 2016 Were Insured: Aon Benfield Cat Report

  17-01-2017 22:00
  
  Overall, just 26 percent ($54 billion) of overall economic losses caused by natural disasters worldwide during 2016 were covered by insurance as a higher percentage of damage occurred in areas with a lower insurance penetration. However, the public and private …
  
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• Insurance secret: Why you may be paying more - 6 On Your Side

  17-01-2017 20:56 via kivitv.com
  
  6 On Your Side
  Insurance secret: Why you may be paying more
  6 On Your Side
  Insurance companies have told us for years that good drivers get discounts. You hear that in radio and TV commercials all the time. Then you may be stunned by a new report claiming that some good drivers are paying higher premium that drivers who've ...and more »
  
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• New fire safety rating could mean lower insurance premiums for SF business owners - Santa Fe New Mexican (blog)

  17-01-2017 20:53 via santafenewmexican.com
  
  Santa Fe New Mexican (blog)
  New fire safety rating could mean lower insurance premiums for SF business owners
  Santa Fe New Mexican (blog)
  A new and improved rating obtained by the Santa Fe Fire Department from Insurance Service Organization could mean lower premiums for business owners. The city said Tuesday that business owners may save up to 6 percent on their insurance premiums ...
  
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• UnitedHealth Has Trump Insurance - Bloomberg

  17-01-2017 20:51 via bloomberg.com
  
  UnitedHealth Has Trump Insurance
  Bloomberg
  UnitedHealth Group Inc. on Tuesday was the first of the big health insurers to report fourth-quarter earnings, and it largely demurred on the industry's burning question: What does Donald Trump mean for health care? CEO Stephen Hemsley emphasized that ...
  CORRECTED-UnitedHealth CEO sees path to keep insurance for newly coveredReutersall 19 news articles »
  
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• Understanding usage-based insurance - Agri News

  17-01-2017 20:27 via agrinews-pubs.com
  
  Agri News
  Understanding usage-based insurance
  Agri News
  Usage-based insurance adds mileage and driving behavior to the list of factors that affect auto insurance pricing. A telecommunication device is inserted into the factory-installed port of your vehicle. The device transmits information like miles ...and more »
  
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• Make New Year's insurance resolutions - Agri News

  17-01-2017 20:27 via agrinews-pubs.com
  
  Agri News
  Make New Year's insurance resolutions
  Agri News
  SPRINGFIELD, Ill. — Most people cannot afford to pay unexpected costs associated with vehicle repairs, hospital bills and legal services following an auto accident. Rebuilding, repairing or replacing a home and belongings damaged by fire, tornado and ...
  
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• Iran Scores Again with Insurance Coverage On Oil Cargoes - OilPrice.com

  17-01-2017 20:17 via oilprice.com
  
  Iran Scores Again with Insurance Coverage On Oil Cargoes
  OilPrice.com
  International insurance companies have found a way around U.S. sanctions on Iran still in place and will now offer almost complete cover on outgoing crude oil shipments, Reuters writes in an exclusive report. The service provision should start on ...and more »
  
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• Northridge Quake Anniversary Prompts Reminders For California Residents

  17-01-2017 20:06
  
  The California Earthquake Authority put out a notice reminding residents in the state that Tuesday marks the 23rd anniversary of the 1994 Northridge earthquake. The magnitude-6.7 shake that widespread damage to freeways, office buildings and homes. The cost to rebuild …
  
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• IRS letters warn millions to sign up for health insurance or pay hundreds in fines - Fox 59

  17-01-2017 19:53 via fox59.com
  
  Fox 59
  IRS letters warn millions to sign up for health insurance or pay hundreds in fines
  Fox 59
  Photo shows the Internal Revenue Service's form 1095-A, which will be required of individual taxpayers in order to comply with the Affordable Health Care Act (Obamacare) starting with tax year 2014. × ...and more »
  
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• Leavitt Group Buys BB&H Benefit Designs in California

  17-01-2017 19:48
  
  Santa Barbara, Calif.-based BB&H Benefit Designs has been purchased by Leavitt Group. Deborah Babineau and Marice McKeegan are the co-owners of the agency. The agency staff, location and contact information remain the same. BB&H specializes in assisting companies with the …
  
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• More with mental illness, substance use disorders have health ... - Science Daily

  17-01-2017 19:30 via sciencedaily.com
  More with mental illness, substance use disorders have health ...
  Science Daily
  Significantly more people with mental illness and substance use disorders had insurance coverage in 2014 due to the expansion of health insurance under the ...and more »
  
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• More with mental illness, substance use disorders have health insurance - Science Daily

  17-01-2017 19:30 via sciencedaily.com
  More with mental illness, substance use disorders have health insurance
  Science Daily
  Date: January 17, 2017; Source: Johns Hopkins Bloomberg School of Public Health; Summary: Significantly more people with mental illness and substance use disorders had insurance coverage in 2014 due to the expansion of health insurance under the ...and more »
  
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• Trump Health Secretary Pick's Longtime Foes: Big Government and Insurance Companies - New York Times

  17-01-2017 19:27 via nytimes.com
  New York Times
  Trump Health Secretary Pick's Longtime Foes: Big Government and Insurance Companies
  New York Times
  Representative Tom Price, President-elect Donald J. Trump's pick for health and human services secretary, in Washington last week. Credit Al Drago/The New York Times. ROSWELL, Ga. — It was 1 in the morning, and the orthopedic surgeon on call was ...and more »
  
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• Ozzie Newsome: Ravens need Joe Flacco insurance - NFL.com - NFL.com

  17-01-2017 18:55 via nfl.com
  
  Ozzie Newsome: Ravens need Joe Flacco insurance - NFL.com
  NFL.com
  Ravens GM Ozzie Newsome is in the market for a quarterback after watching the playoff failures of the backup QBs in Miami and Oakland. Will Baltimore draft ...and more »
  
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• North Carolina Convenience Store Mix-up of Kerosene, Gasoline Causes 2 House Fires

  17-01-2017 18:47
  
  Officials in Winston-Salem, N.C., say a kerosene and gasoline mix-up at a convenience store led to two fires, both at houses. The Winston-Salem Journal reports Winston-Salem Fire Department Division Chief Sandy Shepherd told a news conference that a small house …
  
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• Drought-to-drenched California faces H20 balancing act

  17-01-2017 18:35
  
  Floods already have washed over Northern California, inundating homes and farmland and spurring evacuations.
  
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• Charity First to Move Nonprofit Program to Nova Casualty Co.

  17-01-2017 18:28
  
  Property and casualty program manager Charity First has announced plans to transition its nonprofit and social service business to Nova Casualty Co., a specialty program carrier and a member of AIX Group. The move will enable Charity First to offer …
  
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• Severe Storms Cause Damage Across Texas

  17-01-2017 18:27
  
  A powerful storm system unleashed strong winds and torrential rains across much of Texas over night on Sunday, knocking out power, damaging homes and flooding streets. Authorities say at least 30 homes were damaged when the storm rolled through parts of North …
  
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• With health insurance rebates on Capitol agenda, individual market customers hope for political compromise - Minneapolis Star Tribune

  17-01-2017 17:47 via startribune.com
  
  Minneapolis Star Tribune
  With health insurance rebates on Capitol agenda, individual market customers hope for political compromise
  Minneapolis Star Tribune
  Minnesotans bearing the brunt of health insurance premium spikes are making hard calculations about their lives and personal budgets as the state's political leaders continued to spar Tuesday over how best to deliver financial relief. In Madison, Minn ...
  What's the holdup on Minnesota $300 million health insurance premium relief?Herald Rev
  
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• Zurich cuts technology spend as Greco seeks $1.5 billion savings

  17-01-2017 17:24
  
  Zurich Insurance Group AG, Switzerland’s biggest insurer, plans to cut spending on large technology projects as it seeks to reduce costs, according to chief risk officer Cecilia Reyes
  
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• Montana Bill Would Overturn Bans on Using Cellphones While Driving

  17-01-2017 16:32
  
  A Great Falls, Mont. lawmaker has introduced a bill that would prevent local governments from placing bans on talking or texting on a cellphone while driving. Republican Rep. Jeremy Trebas tells the Great Falls Tribune that studies have not shown …
  
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• University of Oregon Student Files $3M Suit over Slow Meningitis Diagnosis

  17-01-2017 16:28
  
  A University of Oregon student seeks $3 million in a lawsuit against medical providers who she says failed to properly diagnose her with meningococcal disease in 2015. The Register-Guard reported that Christina Jenkins’ lawsuit is the second from the disease …
  
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• California Department of Insurance Issues Notice of Noncompliance to State Farm - Insurance Journal

  17-01-2017 16:14 via insurancejournal.com
  
  California Department of Insurance Issues Notice of Noncompliance to State Farm
  Insurance Journal
  The California Department of Insurance has issued a noncompliance notice to State Farm General Insurance Co. for refusing to reduce policyholders' rates as mandated by an order from Insurance Commissioner Dave Jones in December 2016. Jones' order ...and more »
  
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• California Department of Insurance Issues Notice of Noncompliance to State Farm

  17-01-2017 16:09
  
  The California Department of Insurance has issued a noncompliance notice to State Farm General Insurance Co. for refusing to reduce policyholders’ rates as mandated by an order from Insurance Commissioner Dave Jones in December 2016. Jones’ order directed State Farm …
  
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• Study Links Truck Drivers’ Health to Crash Risk

  17-01-2017 16:01
  
  Commercial truck drivers with three or more medical conditions double to quadruple their chance for being in a crash than healthier drivers, reports a study led by investigators at the University of Utah School of Medicine. The findings suggest that …
  
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• Delaware City to Pay at Least $9M to Cover Injured Firefighters’ Care

  17-01-2017 12:35
  
  Wilmington officials say they’ll have to pay $9 million or more to cover the health care costs for four firefighters injured in a blaze that killed three of their colleagues last year. Mayor Mike Purzycki tells The News Journal of …
  
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• Pennsylvania Uber Driver Refused Ride, Beat New Jersey Man Unconscious

  17-01-2017 12:31
  
  A southern New Jersey man has filed a lawsuit against ride-sharing giant Uber that alleges he was assaulted by a driver who refused to take him home from a holiday party in Philadelphia. The federal lawsuit states that 30-year-old Joseph …
  
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• Supreme Court to Decide If Employee Arbitration Clauses Are Enforceable Nationwide

  17-01-2017 12:30
  
  The U.S. Supreme Court on Friday agreed to consider whether companies can head off costly class action lawsuits by forcing employees to give up their right to pursue work-related legal claims in court as a group. The justices took up …
  
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• Report: Coal Ash Stored at Virginia Power Plant Vulnerable to Risks

  17-01-2017 12:30
  
  Millions of tons of ash stored at a former coal-fired power plant in the city will become increasingly vulnerable to flooding and other coastal risks, according to a report compiled for an environmental group that is seeking to have the …
  
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• In His Final Year, New Jersey Governor Christie Aims to Tackle Drug Crisis

  17-01-2017 12:30
  
  Republican Governor Chris Christie said that he will focus in his final year in office on New Jersey’s drug epidemic, promising to limit the supply of opioid drugs doctors can initially prescribe and seeking legislation to require insurers to pay …
  
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• Hearst Media Buys Work-Loss Data Institute

  17-01-2017 12:30
  
  The giant media firm Hearst has acquired Work-Loss Data Institute (WLDI), a provider of healthcare data and guidelines to the workers’ compensation industry. Terms of the deal were not disclosed. WLDI will become part of Hearst’s MCG Health division, led …
  
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• Massachusetts Lawmakers to Revisit Marijuana Law

  17-01-2017 12:26
  
  Legislative leaders have made clear they are not through with making changes to the voter-approved recreational marijuana initiative, but it remains to be seen whether future action amounts to an overhaul of or a mere tinkering with the new law. …
  
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• Britain to Seek ‘Hard Brexit’: UK Prime Minister May

  17-01-2017 11:51
  
  Britain will not seek a Brexit deal that leaves it “half in, half out” of the EU, Prime Minister Theresa May will say on Tuesday in a speech setting out her priorities for divorce talks which indicates she is prepared to leave …
  
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• Strong US Dollar Is Biggest Risk Ahead for 2017: Allianz’ El-Erian

  17-01-2017 11:41
  
  Global growth could be better than expected in 2017, though many uncertainties remain that could impact expansion, with the biggest of them being steep gains in the U.S. currency, Allianz’s Mohamed A. El-Erian said on Monday. The outlook for the …
  
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• Zurich to Cut Spending on Large Tech Projects to Save $1.5B in Costs

  17-01-2017 11:01
  
  Zurich Insurance Group AG, Switzerland’s biggest insurer, plans to cut spending on large technology projects as it seeks to reduce costs, according to chief risk officer Cecilia Reyes. “Managing, harvesting the benefits from these investments” is a challenge, Reyes said …
  
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• Zurich to Cut Spending on Large Tech Projects as Part of Cost Saving Plan

  17-01-2017 11:01
  
  Zurich Insurance Group AG, Switzerland’s biggest insurer, plans to cut spending on large technology projects as it seeks to reduce costs, according to chief risk officer Cecilia Reyes. “Managing, harvesting the benefits from these investments” is a challenge, Reyes said …
  
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• Beazley Joins Markel Livestock Consortium as 5th Member

  17-01-2017 10:45
  
  Markel International, the London-based specialist insurer that leads the Lloyd’s livestock consortium, has extended the consortium’s aggregate capacity by signing up Beazley as a fifth member. With co-founders Tokio Marine Kiln, Pembroke and AEGIS London, Markel established the consortium in …
  
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• Global Marine Insurers Develop Coverage Options for Iran Oil Exports

  17-01-2017 10:35
  
  Global shipping insurers have devised a way to ensure nearly full coverage for Iranian oil exports from next month after striking a deal to provide cover without involving U.S.-domiciled reinsurers, officials in Tokyo and London said. The reluctance of U.S. …
  
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• BHSI Wins License to Write Reinsurance in Malaysia

  17-01-2017 10:21
  
  Warren Buffett’s Berkshire Hathaway has won a license to provide reinsurance services in Malaysia, the billionaire investor’s group said, as it expands operations in Asia. Berkshire Hathaway Specialty Insurance Co. (BHSI) said in a statement it has established an office in the Malaysian …
  
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• Arthur J. Gallagher Promotes Two Execs in Employee Benefits Division

  17-01-2017 07:48
  
  International insurance brokerage and risk management services firm Arthur J. Gallagher & Co., based in Itasca, Ill., promoted James W. Durkin Jr. and William F. Ziebell in its employee benefit division. Durkin, currently president of Gallagher’s employee benefits division, will …
  
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• Tech Firms Collecting Data: How Much Do Consumers Know or Care?

  17-01-2017 07:00
  
  Nearly every technology startup wants the same thing: more data. But in the rush to collect all manner of information about customers, tensions are rising in Silicon Valley over whether such practices amount to a form of surveillance that customers …
  
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