Insurance news

• Former NFL players push for legal pot as painkiller alternative

  03-02-2017 22:25
  
  Opioid deaths hit a record in 2015 and have killed half a million Americans since 2000 as prescriptions surged.
  
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• Insurance companies request 14 percent rise in NC auto premiums - StarNewsOnline.com

  03-02-2017 22:11 via starnewsonline.com
  
  Insurance companies request 14 percent rise in NC auto premiums
  StarNewsOnline.com
  The state Insurance Department said Friday it received the request from the North Carolina Rate Bureau, which represents insurance companies. By The Associated Press. RALEIGH — Insurance companies are seeking approval for their plans to raise auto ...and more »
  
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• Georgia firefighters find comfort in insurance proposal - MyAJC

  03-02-2017 22:03 via myajc.com
  
  MyAJC
  Georgia firefighters find comfort in insurance proposal
  MyAJC
  Deputy Chief Tim Satterfield of Dawson County Emergency Services Deputy Chief Operations was diagnosed in October with pancreatic cancer. Satterfield, who has spent 40 years as a firefighter, is supporting House Bill 146, which would provide the state ...
  
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• Where do insurance company Super Bowl ads rank with viewers?

  03-02-2017 20:50
  
  Insurance companies might be surprised at how much viewers associate Super Bowl ads with their products and services.
  
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• Defective airbags found in repaired BMWs, prompting fresh recall

  03-02-2017 20:45
  
  BMW is recalling about 230,000 vehicles in the U.S. after discovering that some may have been fitted with defective Takata airbag inflators during repairs.
  
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• Auto Insurance Fraud Ring in California Busted - Insurance Journal - Insurance Journal

  03-02-2017 20:45 via insurancejournal.com
  
  Auto Insurance Fraud Ring in California Busted - Insurance Journal
  Insurance Journal
  The San Diego County District Attorney's Office and California Insurance Commissioner Dave Jones announced a major auto insurance fraud ring takedown, ...and more »
  
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• Auto Insurance Fraud Ring in California Busted

  03-02-2017 20:39
  
  The San Diego County District Attorney’s Office and California Insurance Commissioner Dave Jones announced a major auto insurance fraud ring takedown, which was operating in San Diego County. Nine defendants were charged with 34 felony crimes including filing fraudulent auto …
  
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• Report: Self-Driving Prototypes Getting Better at Navigating California Streets

  03-02-2017 20:30
  
  Self-driving car prototypes appear to be getting better at negotiating California streets and highways without a human backup driver intervening, according to data made public by California transportation regulators. The data reflect safety-related incidents reported by 11 companies that have …
  
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• Trump tells DOL to halt fiduciary rule; Dodd-Frank targeted

  03-02-2017 18:55
  
  President Trump signed a directive telling the DOL to halt implementation of its fiduciary rule, which is set to take effect April 10. Another executive action issued simultaneously will roll back the Dodd-Frank Wall Street Reform and Consumer Protection Act.
  
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• Illinois Insurance Department Settles with Human Resources Startup, Zenefits - Insurance Journal

  03-02-2017 18:42 via insurancejournal.com
  
  Illinois Insurance Department Settles with Human Resources Startup, Zenefits
  Insurance Journal
  Illinois has become the 17th state to reach a settlement with a California-based human resources software startup for alleged insurance code violations. Illinois Department of Insurance investigators found the startup Zenefits violated state law by ...
  
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• Illinois Insurance Department Settles with Human Resources Startup, Zenefits

  03-02-2017 18:42
  
  Illinois has become the 17th state to reach a settlement with a California-based human resources software startup for alleged insurance code violations. Illinois Department of Insurance investigators found the startup Zenefits violated state law by allowing unlicensed employees to sell …
  
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• Opinion: The Insurance Industry's Image Problem & How They Can Fix It - Insurance Journal

  03-02-2017 18:41 via insurancejournal.com
  
  Opinion: The Insurance Industry's Image Problem & How They Can Fix It
  Insurance Journal
  The insurance industry has an image problem. That is probably not really breaking news to anyone reading this, but it's an important topic to discuss and one the industry can address and, believe it or not, an issue that can be resolved. The Florida ...
  
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• Report: Many Iowa Lawmakers Underpay for Health Insurance

  03-02-2017 18:39
  
  An analysis by The Des Moines Register shows more than two-thirds of Iowa legislators are paying hundreds of dollars less a month than appropriate for their health insurance, a potential violation of state law. Data analyzed by the newspaper shows …
  
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• Ex-Head of Baylor Football Operations Sues University

  03-02-2017 18:37
  
  The former director of football operations at Baylor University has filed a lawsuit arguing he was unfairly named as contributing to the school’s mishandling of student sexual assault complaints. Colin Shillinglaw’s lawsuit filed in Dallas County names the school, interim …
  
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• Order Issued to Protect Workers in Pine Bluff, Arkansas, Projects

  03-02-2017 18:35
  
  The Arkansas Department of Environmental Quality has issued a consent administrative order against the city of Pine Bluff and its parolee- and prison-labor demolition program that was shut down last year. The Arkansas Democrat-Gazette reports the city will have to …
  
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• Opinion: The Insurance Industry’s Image Problem & How They Can Fix It

  03-02-2017 18:35
  
  The insurance industry has an image problem. That is probably not really breaking news to anyone reading this, but it’s an important topic to discuss and one the industry can address and, believe it or not, an issue that can …
  
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• DeLong Named Managing Director, Gemini Risk Partners

  03-02-2017 18:32
  
  Wholesale insurance broker Gemini Risk Partners, based in Chicago, has appointed Yosha DeLong as managing director. Prior to joining Gemini Risk Partners, DeLong was most recently the London regional executive for Ironshore Europe Limited, overseeing all IronPro product lines, the company’s …
  
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• Drought-Hit Oklahoma Under Rare National Fire Advisory

  03-02-2017 18:31
  
  Oklahoma has been placed under a national fire advisory as much of the state struggles with unrelenting drought and tinder-dry vegetation capable of igniting and quickly spreading out of control, state forestry officials said. The rare advisory — and the …
  
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• Iowa Firefighter Test Scandal Could Affect 560 Fire Departments

  03-02-2017 18:24
  
  Fire departments in nearly every pocket of Iowa have members who were awarded nationally-recognized certifications by the state fire academy despite failing their tests, according to documents released. The Fire Service Training Bureau has sent letters to 560 departments, a …
  
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• Wells Fargo Insurance sees continuing buyer’s market in 2017

  03-02-2017 18:18
  
  Wells Fargo's 2017 Insurance Market Outlook sees a continuing buyer's market, which is good for insureds but puts pressure on carriers.
  
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• Insurer Found Liable for Unfair Practices in Massachusetts Bus Accident Suit

  03-02-2017 18:04
  
  The Supreme Judicial Court of Massachusetts has found a Pennsylvania insurer and its claims representatives liable for unfair settlement practices after a 1998 accident in which a shuttle bus hit the plaintiff while he was crossing the street in downtown …
  
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• People on the move in the P&C insurance industry: Feb. 3, 2017

  03-02-2017 18:00
  
  News from Aon Benfield, New Day Underwriting Managers, Venbrook Group and more.
  
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• Deal or no deal: Allianz CEO faces $3.2 billion M&A choice

  03-02-2017 17:23
  
  Allianz SE CEO Oliver Baete has $3.2 billion to spend on acquisitions and is scouting for targets from Australia to Italy.
  
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• Chasing Cows With Drones Must Be a Thing in Utah

  03-02-2017 17:21
  
  A Utah lawmaker wants to send people to jail for harassing farm animals with drones, all-terrain vehicles and even dogs under a proposal that is unique in the U.S. but has gained an unlikely opponent. Republican Rep. Scott Chew, who …
  
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• Chasing a Cows With drones Must Be a Thing in Utah

  03-02-2017 17:21
  
  A Utah lawmaker wants to send people to jail for harassing farm animals with drones, all-terrain vehicles and even dogs under a proposal that is unique in the U.S. but has gained an unlikely opponent. Republican Rep. Scott Chew, who …
  
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• EPIC Acquires Benefit Compass in Southern California

  03-02-2017 17:16
  
  EPIC Insurance Brokers and Consultants has acquired Benefit Compass Insurance Services LLC, a specialist in employee benefits brokerage and consulting services in Irvine, Calif. Benefit Compass provides employee benefit solutions, human resource consulting and employee engagement strategies. The firm has …
  
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• Mercyhurst University, Erie Insurance to collaborate on risk management program - GoErie.com

  03-02-2017 17:05 via goerie.com
  
  Mercyhurst University, Erie Insurance to collaborate on risk management program
  GoErie.com
  A $1.25 million investment will be used to develop and expand academic programs in risk control, insurance underwriting and insurance claims through the university's Walker College of Business. By Gerry Weiss [email protected]. Mercyhurst ...and more »
  
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• A Look at Smart Buildings and Construction Risks

  03-02-2017 16:50
  
  With “smart” building becoming the gold standard in today’s commercial construction world, builders, building owners, workers and insurers are dealing with new technologies and risks. These smart technologies — from high tech gadgets aimed at increasing building efficiencies to wearable …
  
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• Markel Names Peterson to Product Line Leadership Team

  03-02-2017 16:25
  
  Markel Corp., headquartered in Richmond, Va., has named Jane Peterson as executive underwriting officer on its Product Line Leadership team. In this role, Peterson is based in Markel’s Cranston, R.I., office and reports to Robin Russo, chief underwriting officer at …
  
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• Leaky pipe problems pose risk to Florida homeowners insurance - Tampabay.com

  03-02-2017 16:07 via tampabay.com
  
  Tampabay.com
  Leaky pipe problems pose risk to Florida homeowners insurance
  Tampabay.com
  TALLAHASSEE — Florida's homeowners' insurance landscape has been treated gently by Mother Nature in the last decade, but the industry sees demons approaching that are increasing the cost and reducing access to affordable property insurance, ...and more »
  
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• Allstate Profit Up for 2016 Despite Higher Catastrophe Losses

  03-02-2017 16:00
  
  Allstate ended 2016 with a solid profit thanks to premium hikes and tighter underwriting, despite a $853 million jump in catastrophe losses over the previous year. The property/casualty insurer ended up with more than $2.5 billion in catastrophe losses for …
  
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• Alliant Insurance Services Names Moody as SVP in Georgia Office - Insurance Journal

  03-02-2017 15:38 via insurancejournal.com
  
  Alliant Insurance Services Names Moody as SVP in Georgia Office
  Insurance Journal
  Alliant Insurance Services, a nationwide specialty insurance brokerage firm, has added Griff Moody to its Construction Services Group as senior vice president. Moody will provide insurance and surety risk advisory services to construction clients ...
  
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• Alliant Insurance Services Names Moody as SVP in Georgia Office

  03-02-2017 15:38
  
  Alliant Insurance Services, a nationwide specialty insurance brokerage firm, has added Griff Moody to its Construction Services Group as senior vice president. Moody will provide insurance and surety risk advisory services to construction clients across the country. He will be …
  
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• 104 Arrested in South Florida in $60M Identity Theft Ring

  03-02-2017 15:34
  
  Federal authorities have charged 104 people with numerous identity theft and fraud offenses in the latest South Florida crackdown on a rampant problem involving tens of thousands of stolen personal identities. The charges involve fraud ranging from filing false tax …
  
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• Chubb Names Ringsted as Chief Digital Officer; Promotes O’Connell to Chief Actuary

  03-02-2017 15:15
  
  Chubb Limited announced that Sean Ringsted has been appointed executive vice president, Chubb Group, and chief digital officer, a newly created position. Currently, Ringsted is executive vice president, chief risk officer and chief actuary.  In his new role, Ringsted will …
  
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• When tuition insurance pays - CNBC.com - CNBC

  03-02-2017 15:07 via cnbc.com
  
  CNBC
  When tuition insurance pays - CNBC.com
  CNBC
  More than ever, a college degree is a significant financial investment — and one that some might choose to insure. A college education is now the ...and more »
  
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• Pennsylvania’s Henderson Brothers Hires Martinelli

  03-02-2017 15:00
  
  Henderson Brothers Inc., an independent broker headquartered in Pittsburgh, Penn., has hired Scott Martinelli as a life/disability/worksite leader and business development consultant in the Employee Benefits Department. In his new role, Martinelli will use his seven years of industry experience to assist clients with …
  
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• Nationwide Re-Signs with NFL for 4 More Years

  03-02-2017 15:00
  
  Nationwide and the National Football League announced that the Ohio-based insurer will remain an official auto, home and life insurance sponsor of the league for the next four years. As part of the agreement, Nationwide will continue as the presenting …
  
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• Intesa Says Possible Generali Bid Is Just One of Many Options Being Eyed

  03-02-2017 14:39
  
  Intesa Sanpaolo SpA said it’s weighing a potential takeover of Assicurazioni Generali SpA and described a possible bid as a “case study” that is only one of many options the Italian bank is considering. The Turin-based bank responded in a …
  
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• Will FEMA Disaster Deductible Survive Trump Deregulation Drive?

  03-02-2017 14:08
  
  Donald Trump has said he wants to roll back many of Barack Obama’s regulations linked to climate change but there may be one exception: a federal disaster proposal aimed at getting states to prepare for the more intense storms forecast …
  
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• FEMA Disaster Deductible Could Survive Trump Deregulation Drive

  03-02-2017 14:08
  
  Donald Trump has said he wants to roll back many of Barack Obama’s regulations linked to climate change but there may be one exception: a federal disaster proposal aimed at getting states to prepare for the more intense storms forecast …
  
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• Fire at Huge Philippines Factory Complex Injures More Than 100

  03-02-2017 13:19
  
  More than 100 workers, including three Japanese, were injured and at least three were missing in a fire that hit a huge factory south of Manila and sent thousands of employees running to safety, an official said Thursday. The fire …
  
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• Jimcor Agencies Hires Barber to New England Office

  03-02-2017 12:46
  
  Jimcor Agencies, an independent MGA/insurance wholesaler with nine offices on the East Coast, has hired R. James Barber, II, CPCU, ARM, as a brokerage commercial lines underwriter in its New England office, located in Holliston, Mass. Barber is experienced in …
  
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• Replacement of New Jersey’s Sandy-Damaged Rail Bridge Moving Ahead

  03-02-2017 12:20
  
  The lasting effects of Superstorm Sandy continue to wash across New Jersey, evident on a century-old railroad bridge that nearly became a casualty of the ferocious October 2012 onslaught. The storm surge from the Atlantic Ocean up into the Raritan …
  
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• Go-Pro video leads to conviction of auto insurance fraud suspect

  03-02-2017 12:15
  
  Social media can be great for showing accomplishments to friends, but it can also show your fraudulent auto insurance claim to investigators.
  
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• Connecticut Governor Says Budget Plan Will Lower Taxes for Insurance Industry

  03-02-2017 12:15
  
  Connecticut Governor Dannel P. Malloy says his two-year state budget proposal will reduce taxes for Connecticut’s insurance industry. The Democrat said Monday he wants to lower the tax rate that insurers pay on premiums from 1.75 percent to 1.5 percent. …
  
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• UK Motor Insurance Premiums Reach Record Levels in Q4 2016: ABI

  03-02-2017 11:46
  
  UK motor insurance premiums hit their highest recorded levels in the fourth quarter of 2016 and rose more than five times the rate of inflation in 2016, as tax increases, increased repair costs and the rising costs of whiplash-style injury …
  
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• Insurance 2017: Priorities for innovation, automation and transformation

  03-02-2017 11:30
  
  What should the insurance industry's technology priorities be for 2017?
  
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• 4 steps to align insurance agency strengths with value to consumers

  03-02-2017 11:30
  
  Make sure the value you're promoting is what clients are looking for.
  
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• Allianz Agrees to Buy Remaining 33.5% Stake in Irish Subsidiary

  03-02-2017 11:21
  
  Allianz has agreed to acquire the remaining 33.5 percent stake in Allianz Irish Life Holdings plc (AILH) not already owned by Allianz Group. Allianz aims to increase its stake in AILH from 66.5 percent currently to 100 percent. The total …
  
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