Insurance news

• Federal judge blocks Aetna-Humana health insurance megamerger - Washington Post

  23-01-2017 20:16 via washingtonpost.com
  
  Washington Post
  Federal judge blocks Aetna-Humana health insurance megamerger
  Washington Post
  This story has been updated. A federal judge has prohibited the merger of two health insurance giants, Aetna and Humana, upholding the Justice Department's decision that the $37 billion deal would hurt competition and raise prices for consumers.
  Judge blocks giant health insurance mergerThe Hill
  Judge blocks Aetna-Humana health insurance merger on antitrust groundsLos Angeles Times
  Aetna's $37 Billion
  
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• Judge Nixes Aetna’s $37 Billion Purchase of Humana; Aetna Considers Appeal

  23-01-2017 19:15
  
  Aetna Inc.’s $37 billion deal to buy rival insurer Humana Inc. was blocked by a federal judge, thwarting one of two large mergers that would reshape the U.S. health-care landscape. Aetna said it was considering an appeal. The transaction would …
  
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• Death Toll Climbs From Weekend Tornadoes Across Southeast

  23-01-2017 18:55
  
  A weekend of deadly weather in the Southeast killed at least 15 people and injured dozens more, authorities said Sunday morning, while residents along the Georgia-Florida line braced for more intense, fast-moving storms – including unusually strong “long track” twisters. …
  
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• Trump Orders U.S. Exit from Pacific Trade Pact and Reset on NAFTA

  23-01-2017 18:23
  
  President Donald Trump abruptly ended the decades-old U.S. tilt toward free trade by signing an executive order to withdraw from an Asia-Pacific accord that was never ratified and promising to renegotiate the North American Free Trade Agreement. “Great thing for …
  
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• Student Awarded $1.6M in Missouri Fraternity ‘Knockout Game’ Lawsuit

  23-01-2017 17:47
  
  A former Missouri State University student who said he was the victim of a so-called “knockout game” attack outside a 2012 fraternity party has been awarded $1.63 million in damages, though he likely will only collect $630,000. The lawyers representing …
  
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• Compare Multiple Car Insurance Offers and Start Saving on Premiums! - Yahoo Finance

  23-01-2017 17:15 via finance.yahoo.com
  Compare Multiple Car Insurance Offers and Start Saving on Premiums!
  Yahoo Finance
  LOS ANGELES, Jan. 23, 2017 /PRNewswire-iReach/ -- Compare-autoinsurance.org has released a new blog post explaining how to compare multiple car insurance quotes and find better coverage options. Since auto insurance prices are determined for ...and more »
  
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• Arkansas Had More than 1,200 Wildfires Last Year

  23-01-2017 16:58
  
  Arkansas forestry officials say 2016 was a relatively quiet year for wildfires, but the fires still burned nearly 30 square miles in the state. The Arkansas Forestry Commission says there was a total of 1,248 wildfires last year, and the …
  
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• Judge: Oregon Must Reinstate Workers’ Comp Agency CEO

  23-01-2017 16:55
  
  Oregon’s workers comp insurance agency must reinstate the chief executive it improperly fired in 2014, a judge has ruled. The ruling was a stunning victory for fired CEO John Plotkin and an embarrassing setback for SAIF Corp. Marion County Judge …
  
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• BNSF to Appeal $1M Iowa Jury Award to Ex-Employee

  23-01-2017 16:36
  
  A federal jury in Nebraska has awarded a former BNSF Railway employee from Iowa more than $1 million by in a wrongful termination lawsuit. The Lincoln Journal Star says Daniel Monohon, of Ottumwa, Iowa, was fired from a Lincoln branch …
  
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• Recovery Task Force Backs $1.2B Louisiana Flood Aid Plan

  23-01-2017 16:31
  
  Louisiana’s flood recovery task force has agreed to Gov. John Bel Edwards’ proposal to spend $1.2 billion in federal aid allocated by Congress, with most of the money targeted for homeowners. Under the plan approved on Jan. 20, $938 million …
  
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• Louisiana Insurance Department Helps Consumers Recover $7.6 M in 2016

  23-01-2017 16:24
  
  Insurance Commissioner Jim Donelon reports that insurance policyholders in Louisiana were able to collect an additional $7.6 million last year as a result of assistance provided by the Louisiana Department of Insurance (LDI). LDI Office of Consumer Services worked with …
  
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• Lt. Gov.: Ohio Continues to Have Low Auto, Home Insurance Rates

  23-01-2017 16:19
  
  Ohioans pay among the lowest average premiums in the nation for auto and homeowners insurance according to a national study, according to Lieutenant Gov. Mary Taylor. Taylor also serves as the state’s insurance director. The National Association of Insurance Commissioners …
  
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• Kansas City’s Brush Creek Partners Joins TechAssure

  23-01-2017 16:17
  
  TechAssure, the international nonprofit association of insurance and risk management experts for technology-related risks, has named Kansas City, Mo.-based Brush Creek Partners as a new member. Brush Creek Partners is an independent, full-service insurance brokerage firm that specializes in assisting …
  
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• Samsung Details Causes for Galaxy 7 Fires; Clyde & Co. Comments

  23-01-2017 16:13
  
  It was the battery, after all. In a presentation and news conference on Monday that lasted more than two hours, Samsung Electronics Co. detailed the results of its investigation into Note 7 smartphones that overheated and burst into flames last year. …
  
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• Montana to Pay $25M to Asbestos Victims Under Settlements

  23-01-2017 16:13
  
  The state of Montana has reached settlements totaling $25 million with more than 1,000 victims of asbestos-related disease over claims that health officials failed to bring attention to the hazards of a contaminated mine. The Flathead Beacon reported that the …
  
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• Beecher Carlson Promotes Rubin, Garrard, Leighton in Energy Practice

  23-01-2017 15:04
  
  Beecher Carlson Insurance Services, a specialized large account insurance broker, announced several key promotions within the Energy Practice. Erin Lynch, president of Beecher Carlson’s Energy Practice, has appointed Laura Rubin as managing director, Susan Garrard as managing director, and Mary …
  
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• Opinion: Does an Allianz-Generali Merger Make Sense? Perhaps Not…

  23-01-2017 15:00
  
  The last time Italian insurer Assicurazioni Generali SpA was rumoured to be in play, the supposed bidder, France’s AXA SA, said such a costly and complex deal would “make no sense at all.” This time, the interest comes from an …
  
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• Crawford Names Tolson as CEO of U.S. Property/Casualty Group

  23-01-2017 14:55
  
  Claims management firm Crawford & Co. has named Kenneth Tolson chief executive officer of its U.S. Property & Casualty group. Tolson will be responsible for the company’s U.S. field operations and catastrophe services groups. Tolson most recently served as senior …
  
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• Trump's team suspended a mortgage insurance rate cut. Here's what that means - Chicago Tribune

  23-01-2017 14:42 via chicagotribune.com
  
  Chicago Tribune
  Trump's team suspended a mortgage insurance rate cut. Here's what that means
  Chicago Tribune
  Shortly after coming to power, the new Trump administration suspended a planned rate cut for FHA mortgage insurance. (Getty Images). Andrew KhouriContact Reporter. On Friday, the Trump administration suspended a pending rate cut to FHA mortgage ...
  Trump Admin's First Action - Suspend The FHA Insurance Rate CutForbes
  FHA mortgage insurance rate cut suspended an hour after Trump take
  
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• P/C Insurance Executives Express Cautious Optimism for 2017 - Insurance Journal

  23-01-2017 14:37 via insurancejournal.com
  
  Insurance Journal
  P/C Insurance Executives Express Cautious Optimism for 2017
  Insurance Journal
  A panel of financial experts discussed the opportunities and challenges they see ahead in 2017 at the Insurance Information Institute's (III) 21st Annual Property and Casualty Insurance Joint Industry Forum, held last week at the Waldorf-Astoria in New ...and more »
  
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• P/C Insurance Executives Express Cautious Optimism for 2017 

  23-01-2017 14:34
  
  A panel of financial experts discussed the opportunities and challenges they see ahead in 2017 at the Insurance Information Institute’s (III) 21st Annual Property and Casualty Insurance Joint Industry Forum, held last week at the Waldorf-Astoria in New York. The …
  
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• Racial and sexual discrimination alleged at Denver life insurance company - The Denver Post

  23-01-2017 14:02 via denverpost.com
  
  The Denver Post
  Racial and sexual discrimination alleged at Denver life insurance company
  The Denver Post
  Kimberly Funchess, left, and La'Tonya Ford, right, are two of seven plaintiffs in a racial discrimination lawsuit against Jackson National Life Insurance Company, on Jan. 16, 2017 in Denver. The two women, who were top performers in their divisions ...
  
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• Verisk Analytics Buys UK-Based Arium, a Liability Risk Modeling Firm

  23-01-2017 14:01
  
  Verisk Analytics Inc., the Jersey City, N.J.-based data analytics provider, has acquired Arium, an independent company specializing in liability risk modeling and decision support. London-based Arium will become part of AIR Worldwide (AIR), a Verisk Analytics business, and will enable …
  
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• Alarm System Broke 2 Days Before Fatal Massachusetts Apartment Fire

  23-01-2017 12:51
  
  The Massachusetts Fire Marshal says the communications connection between the fire alarm system and the alarm monitoring company had broken two days before a New Year’s Day fire in a Holyoke apartment building that killed three. Peter Ostroskey said the …
  
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• Risk Strategies Company Acquires Massachusetts’ University Health Plans

  23-01-2017 12:18
  
  Risk Strategies Company, a privately held national insurance brokerage and risk management firm, has acquired University Health Plans (UHP), a Quincy, Mass., based brokerage firm specializing in student health insurance programs. This move serves to expand Risk Strategies’ Higher Education …
  
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• Minnesota Republican health plan: Lower costs, but really bad insurance - City Pages

  23-01-2017 12:17 via citypages.com
  
  Minnesota Republican health plan: Lower costs, but really bad insurance
  City Pages
  You may be able to save money. You just won't be covered for everything from cancer to Lyme's disease. 0. Rep. Steve Drazkowski (R-Mazeppa) has never been a fan of health care for the masses. Or at least not Obamacare. He's Drazkowski has long ...
  
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• Auto manufacturers issue updated recommendations on auto scans

  23-01-2017 12:15
  
  High tech cars require more complex repairs.
  
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• Federal Judge Dismisses Taxi Companies’ New Jersey Lawsuit Over Uber

  23-01-2017 12:11
  
  A federal judge has thrown out a lawsuit by taxi and limo companies against the city of Newark over what they claim is preferential treatment given to ride-hailing companies like Uber and Lyft. The judge ruled Thursday that Newark is …
  
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• triOS College Business Technology Healthcare Introduces Insurance Specialist diploma program - Yahoo Finance

  23-01-2017 12:06 via finance.yahoo.com
  triOS College Business Technology Healthcare Introduces Insurance Specialist diploma program
  Yahoo Finance
  MISSISSAUGA, ON, Jan. 23, 2017 /CNW/ - Starting in the spring of 2017, triOS College Business Technology Healthcare will be introducing a new Insurance diploma program and an Insurance Specialist diploma program. This program is designed to ...and more »
  
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• Leaderboards, points and prizes can drive agency performance

  23-01-2017 12:00
  
  Although fresh, the gamification movement within the insurance industry is already proving to be a powerful tool for insurers to adopt customer-centric business models.
  
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• 2017 P&C market outlook [infographic]

  23-01-2017 12:00
  
  What 2016 was like for the P&C insurance industry, and what's ahead in 2017 and 2018.
  
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• Repeal, don't replace the Federal Insurance Office - PropertyCasualty360

  23-01-2017 11:42 via propertycasualty360.com
  
  PropertyCasualty360
  Repeal, don't replace the Federal Insurance Office
  PropertyCasualty360
  The election of Donald Trump as president and a Republican majority in both houses of Congress will bring about a unique opportunity to re-examine the regulatory framework for insurance. (Photo: iStock). For more than 150 years the state-based system ...
  
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• Repeal, don’t replace the Federal Insurance Office

  23-01-2017 11:30
  
  The election of Donald Trump as president and a Republican majority in both houses of Congress will bring about a unique opportunity to re-examine the regulatory framework for insurance.
  
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• Thailand's Siam Commercial Bank seeks bids for insurance business: sources - Reuters

  23-01-2017 11:13 via reuters.com
  
  Reuters
  Thailand's Siam Commercial Bank seeks bids for insurance business: sources
  Reuters
  The logos of Siam Commercial Bank are pictured at an exhibition hall in Bangkok, Thailand, May 12, 2016. REUTERS/Athit Perawongmetha. By Anshuman Daga and Saeed Azhar | SINGAPORE. SINGAPORE Siam Commercial Bank Pcl (SCB) has begun to ...and more »
  
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• Swiss Re to Open a Reinsurance Branch in India

  23-01-2017 10:56
  
  Swiss Re has received the approval from the Insurance Regulatory and Development Authority of India (IRDAI) to open a branch in Mumbai. With the composite branch license, Swiss Re will be able to operate in India and offer both non-life …
  
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• XL Catlin Gets Approval to Open Reinsurance Branch in India 

  23-01-2017 10:46
  
  XL Catlin’s reinsurance business group that it has received final approval from the Insurance Regulatory Development Authority of India to open an onshore reinsurance branch office of XL Insurance Company SE. The operation, which will be based in Mumbai and …
  
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• Kilmer: Future of health insurance remains up in the air - Peninsula Daily News

  23-01-2017 10:34 via peninsuladailynews.com
  
  Peninsula Daily News
  Kilmer: Future of health insurance remains up in the air
  Peninsula Daily News
  PORT ANGELES — A day after President Donald J. Trump signed a single-page executive order aimed at scaling back the Affordable Care Act, U.S. Rep. Derek Kilmer told Port Angeles Downtown Association members the fate of health insurance in the ...
  
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• Allianz, Intesa Sanpaolo Eyeing Generali Deal: News Report

  23-01-2017 10:15
  
  Allianz SE, Europe’s largest insurer, and Intesa Sanpaolo SpA are interested in Assicurazioni Generali SpA, Italian newspaper La Stampa reported Sunday, without citing anyone. Intesa is studying a “possible operation” with regard to the Italian insurer, La Stampa reported, without …
  
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• Proper Insurance Defends Smart Business Owners - Black Enterprise

  23-01-2017 10:00 via blackenterprise.com
  
  Black Enterprise
  Proper Insurance Defends Smart Business Owners
  Black Enterprise
  Are you sure that the insurance you've selected is appropriate for your specific business? Consider these conditions before committing to any coverage plans. by Preston Charles Posted: January 23, 2017. A- A A+. insurance. The O'Neal family reviewing ...
  
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• Trial gets closer in Erie Insurance tax case - GoErie.com

  23-01-2017 08:11 via goerie.com
  
  Trial gets closer in Erie Insurance tax case
  GoErie.com
  Erie Insurance Group's request to cut its property tax bill by hundreds of thousands of dollars is moving ahead again in Erie County Court, and the city's three taxing authorities are spending more to prepare for trial. In a sign of the renewed ...
  
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• Appeals Court: Seattle Arsonist Must Pay $3M in Restitution

  23-01-2017 07:57
  
  A Washington appeals court has ruled that a convicted arsonist must pay nearly $3 million in restitution and other legal costs when he’s released from prison. The Seattle Times reports that the state Court of Appeals published an opinion on …
  
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• Dietz Joins Benefits Team at San Diego’s Champion Risk & Insurance Services

  23-01-2017 07:50
  
  San Diego, Calif.-based Champion Risk & Insurance Services has added Steven Dietz to its employee benefits team. Dietz has 25 years of experience providing employee benefits insurance services to a wide variety of industries. Founded in 2004, Champion Risk & …
  
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• Dietz Joins Benefits Team at Champion Risk & Insurance Services

  23-01-2017 07:50
  
  San Diego, Calif.-based Champion Risk & Insurance Services has added Steven Dietz to its employee benefits team. Dietz has 25 years of experience providing employee benefits insurance services to a wide variety of industries. Founded in 2004, Champion Risk & …
  
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• Trump Administration Halts Obama Cut in Mortgage Insurance Premiums - Insurance Journal

  23-01-2017 07:21 via insurancejournal.com
  
  Los Angeles Times
  Trump Administration Halts Obama Cut in Mortgage Insurance Premiums
  Insurance Journal
  Soon after Donald Trump was sworn in as president, his administration undid one of Barack Obama's last-minute economic-policy actions: a mortgage-fee cut under a government program that's popular with first-time home buyers and low-income borrowers.
  HUD suspends FHA mortgage insurance rate cut an hour after Trump takes officeLos Angeles Times
  White House suspends Obama administration's reduct
  
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• Mississippi Tornado Kills 4, Causes At Least $200M in Insured Damage

  23-01-2017 07:03
  
  Rain was pouring down in the pre-dawn darkness, and the wind was picking up as Darryl McMorris ran for his daughters’ bedroom. The windows started blowing out as he dove on top of his girls, grabbing one under each arm …
  
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• Trump Administration Halts Obama Cut in Mortgage Insurance Premiums

  23-01-2017 07:00
  
  Soon after Donald Trump was sworn in as president, his administration undid one of Barack Obama’s last-minute economic-policy actions: a mortgage-fee cut under a government program that’s popular with first-time home buyers and low-income borrowers. The new administration on Friday …
  
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• Buffett-AIG deal prompts fears over US insurance - Financial Times

  23-01-2017 06:34 via ft.com
  Financial Times
  Buffett-AIG deal prompts fears over US insurance
  Financial Times
  Lawyers who act for US companies have raised concerns about whether claims on insurance policies will be met after American International Group struck one of the industry's biggest risk transfer deals with Warren Buffett's Berkshire Hathaway. Sample ...
  AIG to pay Buffett's Berkshire about $10 billion in insurance dealReuters
  AIG Agrees to Pay Warren Buffett's Berkshire about $10 Billion in Insurance DealFortuneall
  
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• Jury Awards $15M to Survivor of Georgia Crash That Killed 5

  23-01-2017 06:33
  
  Nearly two years after a Louisiana truck driver caused a seven-car crash killing five Georgia Southern University nursing students, a jury has awarded a survivor $15 million in a civil suit. The Atlanta Journal-Constitution reports jurors deliberated for about four …
  
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• Storms, water claims shake insurance market — but Post guide can help - MyPalmBeachPost

  23-01-2017 06:07 via mypalmbeachpost.com
  
  MyPalmBeachPost
  Storms, water claims shake insurance market — but Post guide can help
  MyPalmBeachPost
  MAX REED Bob Williams of the City of West Palm Beach, left, helps remove a fallen tree after Hurricane Matthew passed West Palm Beach. (Max Reed/The New York Times). Posted: 12:00 a.m. Monday, January 23, 2017 ...and more »
  
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• Business Leaders Urge New Job Policies as Technology Displaces Workers

  23-01-2017 06:07
  
  Open markets and global trade have been blamed for job losses over the last decade, but global CEOs say the real culprits are increasingly machines. And while business leaders gathered at the annual World Economic Forum (WEF) in Davos relish …
  
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