Insurance news

• A.M. Best Upwardly Revises Outlooks for Employers and Subsidiaries in Nevada

  31-01-2017 23:37
  
  A.M. Best has revised the outlooks to stable from negative and affirmed, the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” of Employers Insurance Group Employers Insurance Company of Nevada, Employers Compensation Insurance Co., …
  
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• Arthur J. Gallagher Acquires The Presidio Group in Utah

  31-01-2017 23:29
  
  Arthur J. Gallagher & Co. has acquired The Presidio Group Inc. in Salt Lake City, Utah. Terms of the deal were not disclosed. The Presido management and associates will continue to operate from their current location under the direction of …
  
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• For Rhode Island, Interstate Health Insurance Sales Didn't Pan Out - NPR

  31-01-2017 22:48 via npr.org
  
  NPR
  For Rhode Island, Interstate Health Insurance Sales Didn't Pan Out
  NPR
  Tuesday is the last day of open enrollment for health coverage for 2017 under the Affordable Care Act. And while Republicans in Congress are working to repeal the law, it's not at all clear what might replace it. During the campaign, President Trump ...and more »
  
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• Here are the exact types of insurance you should buy in your 30s - Business Insider

  31-01-2017 19:55 via businessinsider.com
  
  Business Insider
  Here are the exact types of insurance you should buy in your 30s
  Business Insider
  By the time you reach your 30s, you should be learning how to (responsibly) handle your money. And that means investing in the right insurance. Without it, something as small as a trip to the dentist can land you in the red. Generally in your 30s, it's ...and more »
  
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• S&P Ratings Reacts to AIG’s Pending Q4 Reserve Charge

  31-01-2017 19:41
  
  American International Group’s anticipated reserve charge has attracted the attention of Standard & Poor’s, which has downgraded certain ratings in light of the disclosure. S&P said it lowered AIG’s long-term counterparty credit and senior unsecured debt ratings to ‘BBB+’ from …
  
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• Illinois Agency Joins Valley Insurance Agency Alliance

  31-01-2017 18:43
  
  Bailey Family Insurance in Springfield, Ill., recently joined Valley Insurance Agency Alliance (VIAA), a network of 100 independent insurance agencies in Missouri and Illinois. Owned by Mark and Christine Bailey, Bailey Family Insurance is a full service insurance agency specializing …
  
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• FBI: Security Planning for Houston Super Bowl in Works for Years

  31-01-2017 18:40
  
  When tens of thousands of fans stream into NRG Stadium in Houston for the Super Bowl this Sunday, they will understandably be thinking more about the big game than the behind-the-scenes preparations that have gone into ensuring their safety — …
  
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• Late Planting, August Floods Hurt Louisiana Sweet Potato Crop

  31-01-2017 18:37
  
  The LSU AgCenter says late planting and August floods hurt Louisiana’s sweet potato harvest, cutting the yield from 450 bushels an acre in 2015 to 290 bushels per acre last year. Extension Associate Myrl Systrunk told the Louisiana Sweet Potato …
  
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• Minnesota’s ‘Plow Cams,’ Allow Drivers to See Road Conditions

  31-01-2017 18:35
  
  Motorists venturing out onto snowy highways can now get a close-up look at the conditions they might encounter thanks to “plow cams” that the Minnesota Department of Transportation has mounted on some of its snowplows. The video cameras are mounted …
  
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• Acrisure Names Sherman as Strategic Advisor

  31-01-2017 18:31
  
  Grand Rapids, Mich.-based Acrisure LLC has named D. Michael Sherman as strategic advisor, reporting to Greg Williams, CEO and president of the rapidly growing insurance broker. Sherman brings more than 40 years of experience in the insurance industry to his …
  
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• H.W. Kaufman, Burns & Wilcox Canada Buy XN Canada Private Client Services

  31-01-2017 17:31
  
  H.W. Kaufman Financial Group and Burns & Wilcox Canada announced they have acquired the high-value homeowner’s insurance practice from Quebec-based XN Financial Services Inc. (XN). A managing general agent and provider of insurance products, XN is a subsidiary of The …
  
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• California Utility Ordered to Run Thousands of Ads over Deadly Blast Conviction

  31-01-2017 17:08
  
  California’s largest utility must pay a $3 million fine and run thousands of TV commercials publicizing its pipeline safety violations as punishment for its criminal convictions in a deadly natural gas explosion in the San Francisco Bay Area. U.S. District …
  
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• San Francisco Deems Sinking 58-Story Millennium Tower Safe to Occupy

  31-01-2017 17:05
  
  San Francisco inspectors say the sinking Millennium Tower is safe to occupy, despite strain on its foundation and electrical systems. The San Francisco Chronicle reported that an inspection report concludes there was no evidence of”`life-safety concerns” at the Millennium Tower. …
  
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• Building of $7B Legal Pot Economy Underway in California

  31-01-2017 17:02
  
  The future of California’s legal marijuana industry is being shaped in a warren of cubicles tucked inside a retired basketball arena, where a garden of paper cannabis leaves sprouts on file cabinets and a burlap sack advertising “USA Home Grown” …
  
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• 7 reasons to consider a stand-alone terrorism policy

  31-01-2017 16:15
  
  Unprecedented levels of violence are occurring in areas of the world which were once presumed safe. Often overlooked is the impact these strikes have on the businesses sustaining them.
  
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• Trump Advisor Says U.S. Will Change Climate Policy, Pull Out of Paris Agreement

  31-01-2017 15:04
  
  The United States will switch course on climate change and pull out of a global pact to cut emissions, said Myron Ebell, who headed U.S. President Donald Trump’s Environmental Protection Agency (EPA) transition team until his inauguration. Ebell is the …
  
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• Trump’s ‘2-for-1’ Deregulation Scheme Easier Said Than Done

  31-01-2017 14:35
  
  President Donald Trump set a daunting goal for government agencies bound by complex procedures, ordering his department heads to kill two regulations for each new one they issue. The two-for-one order is “a big one,” Trump said as he signed …
  
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• Archer Daniels Midland to Sell Crop Risk Services to Validus

  31-01-2017 14:19
  
  U.S. agricultural commodities trader Archer Daniels Midland Co has agreed to sell its Crop Risk Services (CRS) insurance business for $127.5 million to Validus Holdings Ltd, the companies announced on Monday. The deal, which is expected to close in the …
  
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• Re/Insurers Can Help Bridge Protection Gap with Technology: GA Report

  31-01-2017 13:18
  
  Digital technologies can be harnessed by the re/insurance industry to narrow insurance protection gaps in developing and emerging markets, thereby improving societal resilience after natural disasters, according to a report published by the Geneva Association. However, the protection gap problem …
  
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• Gun-Toting New Hampshire Lawmakers Not Required to Take Safety Classes

  31-01-2017 12:29
  
  A proposal to require firearm safety training for New Hampshire lawmakers wishing to carry guns on the House floor has been defeated. Democratic Minority Leader Steve Shurtleff proposed the rule Thursday after a representative dropped her loaded gun during a …
  
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• Test Results Show Pennsylvania Workers Killed by Train Were on Drugs

  31-01-2017 12:20
  
  Both maintenance workers killed by an Amtrak train near Philadelphia last year were on drugs when the crash happened, test results show, but that doesn’t appear to have factored into safety lapses and miscommunications being blamed for their deaths. Toxicology …
  
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• Maine Governor Signs Bill Delaying Parts of Legal Pot Law

  31-01-2017 12:15
  
  Maine Governor Paul LePage has signed a bill to delay portions of Maine’s legal marijuana law. LePage signed the bill on Friday night. It will still become legal to possess and grow marijuana in the state today. But the bill …
  
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• EPIC Insurance Brokers and Consultants Hires Giuditta in Connecticut

  31-01-2017 12:15
  
  EPIC Insurance Brokers and Consultants, a retail property, casualty brokerage and employee benefits consultant headquartered in San Francisco, Calif., has hired Christopher J. Giuditta as a vice president. Giuditta will focus on the cultivation and development of new revenue opportunities …
  
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• Forward-thinking advisors focus on women

  31-01-2017 12:00
  
  More than 90 percent of women report an overwhelming unhappiness with the financial services they’re receiving.
  
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• Cyber-breach communications plans: What insurance professionals need to know

  31-01-2017 12:00
  
  Insurance professionals can help clients develop a plan for crisis communications in case of a cyber attack or data breach with these four tips.
  
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• 8 ways telematics will shape insurance agencies in 2017

  31-01-2017 12:00
  
  Usage-based insurance, the most prevalent reason to install telematics on a motor vehicle, will have a significant impact on insurance agencies in 2017 in these eight ways.
  
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• Motorcycle was a vehicle, and excluded from State Farm policy, Fla. court decides

  31-01-2017 11:30
  
  A federal district court in Florida has ruled that a motorcycle was a vehicle under the terms of three automobile insurance policies and, therefore, that the motorcycle’s owner was not entitled to UM benefits.
  
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• Digital disruption is rocking the insurance world - CBS News - CBS News

  31-01-2017 11:00 via cbsnews.com
  
  CBS News
  Digital disruption is rocking the insurance world - CBS News
  CBS News
  Michael LaRocco, has a blunt message for the insurance industry. “Macy's, Sears and Kmart are dead. People want to get their products differently,” the CEO of ...and more »
  
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• Digital disruption is rocking the insurance world - CBS News

  31-01-2017 11:00 via cbsnews.com
  
  CBS News
  Digital disruption is rocking the insurance world
  CBS News
  Michael LaRocco, has a blunt message for the insurance industry. “Macy's, Sears and Kmart are dead. People want to get their products differently,” the CEO of State Auto Financial (STFC) told executives gathered at the Insurance Information Institute's ...and more »
  
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• Integro Appoints Abraham and Gregory to UK Financial Institutions Group

  31-01-2017 09:59
  
  International broker and risk management firm Integro Insurance Brokers announced the hiring of industry veterans Simon Abraham and Darren Gregory, who join the firm’s growing Financial Institutions group in the London office at 100 Leadenhall Street. The hiring of Abraham …
  
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• New Head of Allianz’ PIMCO Takes on $2 Trillion Challenge with Gusto

  31-01-2017 09:44
  
  Walk down a side alley in Munich, beneath apartments with net curtains in the windows, past figures of female superheroes on a cafe storefront, and you come to the unprepossessing headquarters of a $2 trillion asset manager. On the fifth …
  
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• Cat Simulations Test London Insurers’ Vulnerabilities to Next ‘Big One’

  31-01-2017 08:59
  
  A major $200 billion loss from a combination of a cyber attack, U.S. hurricane and the failure of a reinsurer could strip insurers of up to 120 percent of their net capital base, tests of insurers in London showed. However, capital-raising or asset …
  
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• Mississippi Estimates More Than $1M in Timber Damaged by Tornado

  31-01-2017 07:06
  
  More than $1 million worth of timber was destroyed by the tornado that hit Lamar, Forrest and Perry counties. The Mississippi Forestry Commission announced the estimate Friday based on aerial damage assessments. The commission says the tornado, which had estimated …
  
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• Heroin Overdoses Cause 3 Crashes in North Carolina City in 1 Week

  31-01-2017 07:01
  
  Police say drivers overdosing on heroin have caused three crashes in a city in North Carolina in the past week. Police Capt. Michael Kirk told media outlets that no one was seriously injured in the crashes in High Point, but …
  
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• ARC, Topa Insurance Launch Coverage for Post-Hurricane Losses in Florida

  31-01-2017 06:57
  
  Topa Insurance Co. has formed an exclusive partnership with Assured Risk Cover (ARC) to launch StormPeace, an insurance product in Florida designed to protect insureds from economic loss incurred by a named hurricane and is available through a select network …
  
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• Alliant Adds Beachem to Lead Continued Expansion in the Southeast

  31-01-2017 06:36
  
  Alliant has tapped Georgia-based Wade Beacham, vice president within the company’s Alliant Americas division, to facilitate Alliant’s continued regional expansion. In addition to his expertise with transactional risks, Beacham has more than 16 years of experience originating and managing client …
  
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• Top 10 global business risks, according to the Allianz Risk Barometer 2017

  31-01-2017 06:05
  
  Across the Americas, fear of business interruption, cyber incidents and natural catastrophes are the three major concerns for businesses.
  
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• Ace Insurance To Settle TCPA Claims For $9.8M - Law360 (subscription)

  31-01-2017 02:55 via law360.com
  
  Ace Insurance To Settle TCPA Claims For $9.8M
  Law360 (subscription)
  Law360, New York (January 30, 2017, 4:33 PM EST) -- Chubb Ltd. unit Ace American Insurance Co. has agreed to pay $9.76 million dollars to settle claims that it violated the Telephone Consumer Protection Act when it made unsolicited marketing calls to ...and more »
  
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• Lawmakers OK insurance mandate for drug rehab treatment - NorthJersey.com

  31-01-2017 01:21 via northjersey.com
  
  NorthJersey.com
  Lawmakers OK insurance mandate for drug rehab treatment
  NorthJersey.com
  Lawmakers advanced a bill Monday that would implement the broad strokes of two proposals from Governor Christie. Loading… Post to Facebook. Lawmakers OK insurance mandate for drug rehab treatment Lawmakers advanced a bill Monday that would ...
  Christie's Rx on addiction: Insurance coverage mandate advancesPhilly.comall 7 news articles »
  
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• Life Insurance Locator - OurQuadCities

  31-01-2017 00:37 via ourquadcities.com
  
  OurQuadCities
  Life Insurance Locator
  OurQuadCities
  Copyright 2017 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. SPRINGFIELD, Ill. Governor Bruce Rauner today announced that Illinois families have claimed more than $1.7 ...and more »
  
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• IICF to Honor Wells’ Media Chief, Grant $400K to Nonprofits at Los Angeles Gala

  31-01-2017 00:37
  
  Hundreds of insurance professionals and representatives from local nonprofits will convene on March 16 for the Insurance Industry Charitable Foundation’s annual Horizon Award Gala at the Natural History Museum of Los Angeles. The IICF Western division will announce more than …
  
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