Insurance news

• Iran's 2nd Specialized Insurance Firm Coming - Financial Tribune

  07-02-2017 23:56 via financialtribune.com
  
  Iran's 2nd Specialized Insurance Firm Coming
  Financial Tribune
  Mellat Insurance, affiliated with Bank Mellat, is planning to establish Iran's second life insurance company, said Alireza Ebrahimpour, Mellat Insurance's CEO. Mellat is set to own a 20% stake in the planned firm and the remaining shares will be held ...
  
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• What's the Deal: Is identity theft insurance worth it? - 6abc.com

  07-02-2017 23:32 via 6abc.com
  
  6abc.com
  What's the Deal: Is identity theft insurance worth it?
  6abc.com
  In 2015 alone, $15 billion dollars was stolen from 13.1 million Americans, but before you get ID theft insurance, listen up. (WPVI). WPVI. By Nydia Han. Tuesday, February 07, 2017 05:29PM. PHILADELPHIA (WPVI) --. In 2015 alone, $15 billion dollars was ...
  
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• California Supreme Court Denies Insurance Industry's Attempt to Deregulate Insurance in California - The National Law Review

  07-02-2017 23:16 via natlawreview.com
  
  California Supreme Court Denies Insurance Industry's Attempt to Deregulate Insurance in California
  The National Law Review
  On January 23, in Association of California Insurance Companies v. Dave Jones, the California Supreme Court rejected carriers' attempt to deregulate the insurance industry in the state by stripping from the insurance commissioner much of the broad ...
  
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• Forty involved in auto insurance fraud scheme - The Desert Sun

  07-02-2017 23:01 via desertsun.com
  
  The Desert Sun
  Forty involved in auto insurance fraud scheme
  The Desert Sun
  Forty people are suspected of playing a role in a massive automobile insurance fraud scheme involving repair shops across the Coachella Valley. Defendants are accused of collecting $560,492 from 10 insurance companies after filing claims for traffic ...
  7 arrested for auto insurance fraud schemeKESQall 3 news articles »
  
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• 40 Suspects Are Part of Family Auto Fraud Ring in California

  07-02-2017 22:35
  
  California Department of Insurance detectives and investigators with the Auto Insurance Fraud Task Force today arrested seven suspects, charged an additional 22 who are self-surrendering, and are still seeking 11 more suspects for allegedly running an organized automotive insurance fraud …
  
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• Thurman health insurance coverage restored - Glens Falls Post-Star

  07-02-2017 22:25 via poststar.com
  
  Glens Falls Post-Star
  Thurman health insurance coverage restored
  Glens Falls Post-Star
  Thurman Town Board member Michael Eddy listens during a meeting. The town's health insurance was canceled due to lack of payment and Eddy blamed former Supervisor Evelyn Wood. prev. next. THURMAN — The town's health insurance coverage has ...
  
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• 7 arrested for auto insurance fraud scheme - KESQ

  07-02-2017 22:13 via kesq.com
  
  The Desert Sun
  7 arrested for auto insurance fraud scheme
  KESQ
  COACHELLA, Calif. - The Riverside County District Attorney's Office has released information about a large automotive insurance fraud scheme that reportedly led to a loss of more than a half million dollars. Seven people were arrested for the alleged ...
  Forty involved in auto insurance fraud schemeThe Desert Sunall 3 news articles »
  
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• Insurance Insight: insurance goals for 2017 - Glenwood Springs Post Independent

  07-02-2017 21:46 via postindependent.com
  
  Insurance Insight: insurance goals for 2017
  Glenwood Springs Post Independent
  Instead of resolution, how about we use the word goal? Why not make it a goal to review your insurance policies this year before their renewal date? Home policies are usually written for a 12-month period, and auto policies usually six months. However ...
  
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• $50 million class-action suit against MetLife alleges unpaid overtime

  07-02-2017 21:39
  
  A putative class action filed Tuesday in federal court in Connecticut accuses MetLife and two of the insurer's subsidiaries of withholding more than $50 million in earned overtime pay from claims specialists since 2013.
  
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• Transgender Veteran Settles California Suit over Being Denied A Haircut

  07-02-2017 21:14
  
  A Riverside County, Calif. transgender Army veteran has settled a lawsuit against a Rancho Cucamonga barbershop that refused to cut women’s hair. The amount of the settlement was not disclosed. The Press-Enterprise reported that as part of the settlement The …
  
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• RIC Insurance Names Campbell Senior E&S Broker in California - Insurance Journal

  07-02-2017 20:35 via insurancejournal.com
  
  RIC Insurance Names Campbell Senior E&S Broker in California
  Insurance Journal
  RIC Insurance General Agency has named Travis Campbell as a senior broker to expand its excess and surplus division. Campbell will be working primarily with retail insurance agents in the California counties of Orange, San Diego and Imperial. Campbell ...and more »
  
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• RIC Insurance Names Campbell Senior E&S Broker in California

  07-02-2017 20:35
  
  RIC Insurance General Agency has named Travis Campbell as a senior broker to expand its excess and surplus division. Campbell will be working primarily with retail insurance agents in the California counties of Orange, San Diego and Imperial. Campbell previously …
  
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• West metro man pleads guilty to insurance fraud and theft by swindle - TwinCities.com-Pioneer Press

  07-02-2017 20:02 via twincities.com
  
  TwinCities.com-Pioneer Press
  West metro man pleads guilty to insurance fraud and theft by swindle
  TwinCities.com-Pioneer Press
  A Minnetrista man has been sentenced to prison for swindling more than $260,000 from his clients, Hennepin County Attorney Mike Freeman announced Tuesday. Paul Bardine, 55, pleaded guilty in late September to three counts of theft by swindle that ...
  Minnetrista Insurance Agent Convicted of Swindle Sentenced to Nearly Three YearsKSTP.comall 3 news articles &ra
  
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• Minnetrista man pleads guilty to insurance fraud and theft by swindle - TwinCities.com-Pioneer Press

  07-02-2017 20:02 via twincities.com
  
  TwinCities.com-Pioneer Press
  Minnetrista man pleads guilty to insurance fraud and theft by swindle
  TwinCities.com-Pioneer Press
  A Minnetrista man has been sentenced to prison for swindling more than $260,000 from his clients, Hennepin County Attorney Mike Freeman announced Tuesday. Paul Bardine, 55, pleaded guilty in late September to three counts of theft by swindle that ...and more »
  
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• Uber Offers French Drivers Revenue Insurance, Avoiding Wage Law - Bloomberg

  07-02-2017 19:38 via bloomberg.com
  
  Bloomberg
  Uber Offers French Drivers Revenue Insurance, Avoiding Wage Law
  Bloomberg
  Uber Technologies Inc. offered to guarantee revenue for its most financially strained French drivers, temporarily averting a new law that would force a minimum wage for all chauffeurs. The company proposed a 21 euro ($22.50) per hour minimum gross ...
  
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• Munich Re profit declines on higher claims, falling prices

  07-02-2017 19:05
  
  Munich Re, the world’s biggest reinsurer, reported a bigger-than-expected drop in Q4 earnings as claims from natural disasters rose while prices continue to fall.
  
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• SIU Expands Active Shooter Insurance Program to Include New Classes, Risks - Insurance Journal

  07-02-2017 19:02 via insurancejournal.com
  
  SIU Expands Active Shooter Insurance Program to Include New Classes, Risks
  Insurance Journal
  Southern Insurance Underwriters, Inc. (SIU) has expanded its insurance product active shooter program for educational institutions to include most businesses and facilities accessible to the public, such as: Healthcare facilities; Religious houses of ...
  
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• SIU Expands Active Shooter Insurance Program to Include New Classes, Risks

  07-02-2017 18:59
  
  Southern Insurance Underwriters, Inc. (SIU) has expanded its insurance product active shooter program for educational institutions to include most businesses and facilities accessible to the public, such as: Healthcare facilities Religious houses of worship Entertainment venues and events Retail (including …
  
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• Colorado GOP launches campaign against insurance exchange - SFGate

  07-02-2017 18:50 via sfgate.com
  
  SFGate
  Colorado GOP launches campaign against insurance exchange
  SFGate
  DENVER (AP) — Colorado Republicans launched their opening attack on the health insurance exchange Tuesday. Just don't call it an attack on Obamacare. Colorado Republicans sounded strikingly different than in years past when talking about their ...and more »
  
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• Nearly 1.9M Michigan Workers’ Info Possibly Compromised

  07-02-2017 18:41
  
  Social Security numbers and other personal information of up to 1.87 million Michigan workers may have been compromised, the state said on Feb. 3. The problem stemmed from a software update to Michigan’s troubled unemployment computer system, state officials said. …
  
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• Marsh & Mclennan Agency Acquires Texas Benefits Firm

  07-02-2017 18:40
  
  Marsh & McLennan Agency LLC (MMA) has acquired iaCONSULTING, a Lubbock, Texas-based employee benefits consulting firm. Terms of the transaction were not disclosed. Founded in 1994, iaCONSULTING offers a wide range of employee health and benefits-related services to midsize employers …
  
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• Study: 5 of Worst U.S. Truck-Congested Areas Are in Ohio

  07-02-2017 18:38
  
  Five of the country’s 100 worst congested areas for trucks are in the state of Ohio, and three of those areas are in Cincinnati, according to a study. The American Transportation Research Institute has ranked Interstate 71 at I-75 junction …
  
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• Louisiana Universities to Receive $2.7M after Demise of HMO

  07-02-2017 18:38
  
  Louisiana Insurance Commissioner Jim Donelon announced a favorable court order on the dissolution of health maintenance organization AmCare Health Plans of Louisiana Inc. (AmCare) that paves the way for more than $2.7 million to be paid to six Louisiana higher …
  
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• Lawyers: Iowa Hospital Sued Over Pain Medication Thefts

  07-02-2017 18:37
  
  Attorneys for nine patients have filed a lawsuit against Iowa Methodist Medical Center, blaming the hospital for a pharmacy tech’s theft of potent painkillers from hundreds of vials. The lawsuit accuses the hospital of being negligent in its supervision of …
  
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• Texas Offers Grace Period for Workers’ Comp Reporting

  07-02-2017 18:35
  
  The Texas Division of Workers’ Compensation (DWC) is offering a temporary grace period to those employers who have not met workers’ compensation reporting requirements in the past — allowing them to report between Feb. 1 and April 30 without any …
  
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• School Flood Damage in Baton Rouge Tops $60M

  07-02-2017 18:31
  
  Officials estimate that it will cost more than $62 million and years of work to repair flooded schools in Baton Rouge. The Advocate reports that of the 10 schools that were forced to temporarily relocate because of the August flood, …
  
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• Red River Flooding Concerns on the Rise in Midwest

  07-02-2017 18:30
  
  After several dry springs, communities are keeping a wary eye on the Red River in case it’s due for another flood. The region has been soaked with double the usual amount of winter rain, sleet and snow this winter, prompting …
  
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• Registration of drones used for business has gone from a trickle to a flood

  07-02-2017 18:25
  
  The number of drones used in business in the FAA database swelled to 6,683 as of the end of 2016.
  
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• FEMA extends deadline for Hurricane Matthew-related flood ... - Virginian-Pilot

  07-02-2017 18:23 via pilotonline.com
  
  Savannah Morning News
  FEMA extends deadline for Hurricane Matthew-related flood ...
  Virginian-Pilot
  Flood victims will have 60 more days to submit documents for flood insurance claims related to Hurricane Matthew.
  FEMA extends deadline for flood insurance claims following Hurricane MatthewSavannah Morning News
  FEMA officials look to stem the tide during flood insurance forumWicked Local Scituate
  FEMA issues extension of flood insurance claimsThe News (subscription)
  ABC NEWS 4
  all 7 news article
  
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• FEMA extends deadline for Hurricane Matthew-related flood insurance claims - Virginian-Pilot

  07-02-2017 18:23 via pilotonline.com
  
  Savannah Morning News
  FEMA extends deadline for Hurricane Matthew-related flood insurance claims
  Virginian-Pilot
  Thousands of property owners with lingering flood insurance claims from when Hurricane Matthew rolled through last October will have additional time to finalize their claims. The Federal Emergency Management Agency issued an extension waiver last week ...
  FEMA extends deadline for flood insurance claims following Hurricane MatthewSavannah Morning News
  Hurricane Matthew flood ins
  
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• Improper crop insurance payments below government averages - AG Week

  07-02-2017 18:17 via agweek.com
  
  AG Week
  Improper crop insurance payments below government averages
  AG Week
  BONITA SPRINGS, Fla. – The Acting Administrator of the USDA's Risk Management Agency said yesterday that the improper payment rate — a closely-watched standardized measure of waste and efficiency for all major federal spending programs – fell again ...
  
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• Demotech Suspends Florida Insurer Rating Protocols Over ‘Uncertain’ Environment

  07-02-2017 18:10
  
  Recent Florida Supreme Court decisions and ongoing abuse in Florida’s insurance market have led a ratings company to change the criteria it uses to rate state insurers. The announcement comes as insurers in the state get ready to announce their …
  
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• Demotech Suspends Florida Insurer Rating Criteria; Says Downgrades Coming

  07-02-2017 18:10
  
  Recent Florida Supreme Court decisions and ongoing abuse in Florida’s insurance market have led a ratings company to change the criteria it uses when rating insurers in the state. The announcement comes as insurers get ready to announce their 2016 …
  
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• FEMA extends deadline for flood insurance claims following Hurricane Matthew - Savannah Morning News

  07-02-2017 18:01 via savannahnow.com
  
  Savannah Morning News
  FEMA extends deadline for flood insurance claims following Hurricane Matthew
  Savannah Morning News
  People affected by Hurricane Matthew now have more time to finalize their Proof of Loss flood insurance claims. The Federal Emergency Management Agency has issued an additional extension for National Flood Insurance Program policyholders in Florida, ...
  FEMA extends deadline for Hurricane Matthew-related flood insurance claimsVirginian-Pilot
  Hurricane Matthew flood insur
  
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• Alan and PayFit hook up so that your health insurance and payroll work together - TechCrunch

  07-02-2017 17:32 via techcrunch.com
  
  Alan and PayFit hook up so that your health insurance and payroll work together
  TechCrunch
  Two French startups liked each other so much that they're now starting to see a future working together. PayFit wants to modernize the good old paychecks in France, while Alan wants to turn health insurance into software-as-a-service. If your company ...
  
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• Bill Would Abolish State-Run Health Insurance Exchange - CBS Local

  07-02-2017 17:13 via denver.cbslocal.com
  
  CBS Local
  Bill Would Abolish State-Run Health Insurance Exchange
  CBS Local
  A bill facing its first test in the Senate Finance Committee Tuesday afternoon would abolish the state-run health insurance exchange, called Connect For Health Colorado. (credit: CBS). Sponsors say there's no reason Colorado should pay for its own ...
  A record number of people signed up for health insurance through Colorado's exchange this yearDenverite (blog)all 13 news articles »
  
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• Altmaier pitches insurance reforms to Cabinet - Palm Beach Post (blog)

  07-02-2017 17:09 via protectingyourpocket.blog.palmbeachpost.com
  
  Altmaier pitches insurance reforms to Cabinet
  Palm Beach Post (blog)
  Florida Insurance Commissioner David Altmaier warned Cabinet officials Tuesday the state “risks walking backward on some of the progress we've made” on the price and availability of property insurance without changes to the law to hold down abusive or ...and more »
  
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• Altmaier pitches insurance reforms to Cabinet - MyPalmBeachPost (blog)

  07-02-2017 17:09 via protectingyourpocket.blog.mypalmbeachpost.com
  
  MyPalmBeachPost (blog)
  Altmaier pitches insurance reforms to Cabinet
  MyPalmBeachPost (blog)
  Florida Insurance Commissioner David Altmaier warned Cabinet officials Tuesday the state “risks walking backward on some of the progress we've made” on the price and availability of property insurance without changes to the law to hold down abusive or ...and more »
  
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• Hebron Estates gets insurance plan in place - The Pioneer News

  07-02-2017 17:06 via pioneernews.net
  Hebron Estates gets insurance plan in place
  The Pioneer News
  HEBRON ESTATES - Not long after switching the city's insurance tax rate collection through the county from 3 to 5 percent, the Hebron Estates City Commission approved an insurance premiums surcharge ordinance. The new ordinance affects the levy of ...
  
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• Concussion Effects on Driving Linger After Symptoms Disappear

  07-02-2017 17:01
  
  The effects a concussion has on driving a vehicle may continue to linger even after the symptoms disappear, according to a new study by University of Georgia researchers. Julianne Schmidt, associate professor in the UGA College of Education’s department of …
  
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• Anchorage Considering A Second Chance for Ridesharing

  07-02-2017 16:51
  
  Anchorage, Alaska officials are set to consider a proposal that would allow ridesharing companies such as Uber and Lyft to operate in the city this coming year. The ordinance has been drafted by Anchorage Assembly member Bill Evans. He said …
  
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• NFP Acquires Mattecheck & Associates in Oregon

  07-02-2017 16:44
  
  NFP Corp. has acquired Portland, Ore.-based Mattecheck & Associates Inc. Terms of the deal were not disclosed. Bill Mattecheck, principal of the firm, will become a senior director of NFP and report to John Hohman, managing director. Mattecheck is an …
  
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• Opinion: What selling insurance taught me about the fiduciary rule - MarketWatch

  07-02-2017 16:31 via marketwatch.com
  
  MarketWatch
  Opinion: What selling insurance taught me about the fiduciary rule
  MarketWatch
  That's because I quickly worked out that the only way I could make a really good living was by going against the interests of customers. That wasn't just me, by the way. It was a conclusion I reached after talking at length to people in the industry ...
  
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• 6 Reasons Skipping Renters Insurance Is a Huge Mistake - TheStreet.com

  07-02-2017 16:16 via thestreet.com
  
  6 Reasons Skipping Renters Insurance Is a Huge Mistake
  TheStreet.com
  When you understand the benefits you get from an inexpensive renters policy, you won't want to leave your rental without it. Laura Adams. Follow. Feb 7, 2017 10:16 AM EST. Whether you rent a home in the suburbs or an apartment in a hip neighborhood ...
  
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• How Firms Rate on Cyber Readiness and Why Some Don’t Buy Cyber Insurance: Hiscox Report

  07-02-2017 16:08
  
  A study of 3,000 companies in the UK, U.S. and Germany, reveals that more than half (53 percent) of businesses in the three countries are ill-prepared to deal with cyber-attacks. Fewer than one-third (30 percent) qualify as “expert” in overall …
  
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• Automatic adds another auto insurance provider to its list of partners - TechCrunch

  07-02-2017 15:30 via techcrunch.com
  
  Automatic adds another auto insurance provider to its list of partners
  TechCrunch
  Connected car dongle maker Automatic started out as a consumer-focused company that sought to help give customers more insight into their driving habits, with the aim of helping to gamify things like fuel efficiency, and generally offer up tips for ...
  Automatic and American Family Insurance Announce Connected-Car PartnershipBusiness Wire (press release)all 3 news articles »
  
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• U.S. Risk Underwriters Names Berkley Program’s Carter as President

  07-02-2017 15:22
  
  U.S. Risk, a global property/casualty wholesaler and managing general agency based in Dallas,, has named Wayne H. Carter, III as president of U.S. Risk Underwriters Inc., its programs group. Carter will assume senior level management responsibilities for all the U.S. …
  
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• Ups Beat Downs in P/C Insurer Credit Ratings in 2016: A.M. Best

  07-02-2017 15:09
  
  Credit rating activity in 2016 turned positive as upgrades outpaced downgrades for the U.S. property/casualty industry, despite insurers having to face pressure on underwriting results and a low investment yield environment, according to A.M. Best. The number of Long-Term Issuer …
  
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• OnDeck’s Hobson Named CEO of Online Small Business Insurance Platform Attune

  07-02-2017 14:38
  
  Attune, the data-enabled small business platform established by American International Group, Hamilton Insurance Group and affiliates of Two Sigma Investments has named James Hobson, currently chief operating officer of online small business lender OnDeck, to be its chief executive officer. …
  
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• Correction: Mass. Court Reviews Assessment of Damages Against Insurer in Shuttle Bus Accident Case

  07-02-2017 14:20
  
  The Supreme Judicial Court in Massachusetts has ruled that post-judgment interest is not included in any enhanced damages in connection with damages that have already been awarded under the Massachusetts Consumer Protection Act. This comes after a Pennsylvania insurer and …
  
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