Insurance news

• Former Students at California School Sue over Asbestos Fear

  08-02-2017 20:34
  
  A judge has cleared the way for dozens of former student’s in California’s Central Valley to take their school district to trial over fears that a job-training program exposed them to cancer. Attorney Allen Sawyer said this week he represents …
  
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• Around the P&C insurance industry: Feb. 8, 2017

  08-02-2017 20:00
  
  News from Norman-Spencer, NIPR, Spencer Educational Foundation and more.
  
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• Widespread damage from multiple tornadoes in New Orleans area

  08-02-2017 19:30
  
  Tornadoes hit at least six different Louisiana parishes Tuesday, injuring several dozen people, some seriously. The storm system damaged dozens of homes and businesses and left thousands without power.
  
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• Company to Pay $20M to Settle Chicago Red-Light Camera Suit

  08-02-2017 18:45
  
  A red-light camera company whose former chief executive pleaded guilty to a federal bribery charge will pay $20 million to settle a lawsuit with Chicago, Mayor Rahm Emanuel announced on Feb. 6. The deal ends a lawsuit the city filed …
  
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• Demolishing of Baton Rouge Flood-Damaged Homes Set to Begin

  08-02-2017 18:43
  
  Baton Rouge, La., officials are preparing to tear down abandoned homes that were damaged from flooding in August. The city-parish said in a Feb. 6 news release that officials will start to condemn the abandoned units, with demolition expected to …
  
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• Tornadoes Across Southeast Louisiana Cause Widespread Damage

  08-02-2017 18:41
  
  The National Weather Service confirmed that an EF3 tornado touched down in East New Orleans on Feb. 7. The twister was reported to have caused widespread damage and forced around 100 people from their homes. NOLA.com reports that roofs were …
  
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• Florida Mosque Arsonist Sentenced to 30 Years

  08-02-2017 18:07
  
  An ex-convict who posted anti-Islamic rants online pleaded no contest and was sentenced to 30 years in prison on Monday for setting fire to a mosque that the Orlando nightclub shooter attended occasionally. Joseph Schreiber, dressed in a burnt orange …
  
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• North Carolina Coal Ash Pit Neighbors Told to Waive Claims to be Compensated

  08-02-2017 18:03
  
  Neighbors living near Duke Energy Corp’s coal ash pits in North Carolina are being told they have to give up the option of suing over any future water problems if they want extra compensation from the utility. The country’s largest …
  
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• New Venture Capital Firm Looking for Insurtech Startups

  08-02-2017 17:12
  
  The insurance industry has a new venture capital firm looking to make early to growth-stage investments in technologies spurring innovation in the insurance industry. David Miles, a 30-year insurance investment veteran and owner of the insurance carrier asset management firm …
  
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• Arthur J. Gallagher Acquires Lewis & Associates in California

  08-02-2017 16:32
  
  Arthur J. Gallagher & Co. has acquired Lewis & Associates Insurance Brokers Inc. in Visalia, Calif. Terms of the deal were not disclosed. James Smallwood, Kevin Veitia and their associates will continue to operate from their current location under the direction of James G. McFarlane, head of …
  
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• Top 10 Employment Discrimination Claims in 2016

  08-02-2017 16:09
  
  The U.S. Equal Employment Opportunity Commission (EEOC) said it resolved 97,443 charges of employment discrimination in fiscal year 2016 and secured more than $482 million for victims of discrimination in private, federal and state and local government workplaces. Charges of …
  
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• EPA: East Chicago Residents Should Assume Lead Water Lines, Use Filter

  08-02-2017 15:30
  
  Federal officials say all East Chicago residents should assume they have lead water lines and use a properly certified filter. U.S. Environmental Protection Agency scientist Miguel Del Toral repeated the recommendation on Feb. 3 after initially making it last month …
  
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• Melania Trump’s $150 Million Libel Suit Claims Lost Business Opportunities

  08-02-2017 14:39
  
  First Lady Melania Trump is suing a British newspaper, saying a defamatory article it later retracted deprived her of the chance to launch a lucrative brand of clothing, shoes, jewelry and perfume. The $150 million suit against the publisher of …
  
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• Pennsylvania’s Henderson Brothers Hires Taggart to Employee Benefits Department

  08-02-2017 14:25
  
  Henderson Brothers Inc., a Pittsburgh, Penn., based independent broker, has hired Jeremy Taggart as a financial analyst in the employee benefits department. In his new role, Taggart will use his three years of industry experience to help clients better understand current and future employee benefits …
  
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• Aon Benfield Names Goodman as Global Head of Broking Strategies

  08-02-2017 14:23
  
  Aon Benfield, the reinsurance intermediary and capital adviser of Aon plc, has appointed Jeremy Goodman as global head of Broking Strategies. Goodman begins the role with immediate effect and reports to Eric Andersen, chief executive officer of Aon Benfield. Based …
  
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• RSA Insurance Disposes of £834M ($1B) of UK Legacy Liabilities with Enstar

  08-02-2017 13:46
  
  RSA Insurance announced it has signed contracts, to dispose £834 million (US$1.04 billion) of UK employers’ liability legacy business to Enstar Group Ltd. The transaction initially takes the form of reinsurance (a 100 percent quota share policy) to be effective …
  
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• BHSI Opens London Office, Expands UK & Southern Europe Team

  08-02-2017 12:44
  
  Berkshire Hathaway Specialty Insurance Co. (BHSI), in coordination with its affiliate Berkshire Hathaway International Insurance Ltd. (BHIIL), announced it has opened a new office in London. In addition, key executive roles have been filled. Richard Nathan has been named head …
  
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• Smoking Around Medical Oxygen Likely Cause of Fatal Massachusetts Fire

  08-02-2017 12:38
  
  Massachusetts fire officials say smoking around a medical oxygen system was the likely cause of a fatal fire in Haverhill. A 68-year-old man died in a house fire that started around 4 a.m. Saturday morning. The State Fire Marshal’s Office …
  
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• Rhode Island Chiropractic Office Sued for Alleged Insurance Fraud Scheme

  08-02-2017 12:13
  
  An insurance company is suing a Providence, R.I., chiropractic office, alleging its owner falsified medical records to boost insurance claims and paid kickbacks to personal injury lawyers who referred clients. The Providence Journal reports the lawsuit filed by Allstate Insurance Company …
  
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• Lawsuit Claims Rhode Island Chiropractic Office Engaged in Insurance Fraud Scheme

  08-02-2017 12:13
  
  An insurance company is suing a Providence, R.I., chiropractic office, alleging its owner falsified medical records to boost insurance claims and paid kickbacks to personal injury lawyers who referred clients. The Providence Journal reports the lawsuit filed by Allstate Insurance Company …
  
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• Argo Group Completes Ariel Re Purchase; Mather Heads Reinsurance Unit

  08-02-2017 12:02
  
  Argo Group International Holdings Ltd., the Bermuda-based underwriter of specialty insurance and reinsurance, announced that former Ariel Re chief executive officer, Ryan Mather, will serve as Argo’s global head of reinsurance, leading all reinsurance operations. The company’s reinsurance business will …
  
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• The first three steps to improving your customer experience

  08-02-2017 12:00
  
  Today’s service and reward economy has elevated consumer expectations, and that creates a difficult challenge for most organizations.
  
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• Insurance in a connected world: What we can do today for a better tomorrow

  08-02-2017 11:30
  
  Technology is now providing the opportunity to better connect insurers, agents and insureds.
  
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• Tesco Bank Hack Still a Mystery – to Frustration of Other UK Lenders

  08-02-2017 11:10
  
  British banking executives and security experts are growing frustrated at the dearth of information available more than three months after 2.5 million pounds ($3.09 million) was stolen from Tesco Bank in the UK’s biggest financial cyber heist. Security officers normally share information …
  
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• Woodruff-Sawyer in California Names Allen Practice Leader

  08-02-2017 11:00
  
  San Francisco, Calif.-based Woodruff-Sawyer & Co. has named Norman Allen corporate executive protection practice leader. Norman will be responsible for providing vision and focus for the practice, which includes directors and officers liability, employment practices, mergers and acquisitions, errors and …
  
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• Uber Offers Guaranteed Revenue for French Drivers, Avoiding Wage Law

  08-02-2017 10:38
  
  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 revenue for cabbies working …
  
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• Munich Re Q4 Earnings Drop to 500M Euros ($530M) on Nat Cat Claims

  08-02-2017 10:27
  
  Munich Re, the world’s biggest reinsurer, reported a bigger-than-expected drop in fourth-quarter earnings as claims from natural disasters rose while prices continue to fall. Net income declined to about 500 million euros ($530 million) from about 700 million euros a year …
  
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• Proof of Loss Deadline Extended for Florida Hurricane Matthew Claims

  08-02-2017 08:37
  
  The Florida Office of Insurance Regulation announced that the Federal Emergency Management Agency (FEMA) has granted another extension giving National Flood Insurance Program (NFIP) policyholders in Florida an additional 60 days to file a complete, signed, and sworn proof of …
  
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• North Carolina Company Faces Fine Over Red Dye Contamination in Creek

  08-02-2017 08:00
  
  A company could be fined by North Carolina regulators after a rupture at a Winston-Salem plant dumped red dye into a creek, killing some fish and prompting a warning for people to avoid the water. The spill occurred at Hanes …
  
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• Greene & Associates Opens Office in Florida; Adds Fuchs to Underwriting Team

  08-02-2017 07:31
  
  Underwriting manager and wholesale broker in Greene & Associates, based in East Aurora, N.Y., has opened its an office in Bradenton, Fla., and hired Don Fuchs to its underwriting team. Fuchs has more than 35 years of underwriting experience to …
  
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• POWERS Insurance and Benefits Promotes Dowd

  08-02-2017 07:23
  
  Missouri-based POWERS Insurance and Benefits has promoted Meaghan Dowd to insurance advisor. In this position, Dowd will provide specialized insurance guidance and professional advice to the agency’s clients and prospects. Dowd recently earned her Personal Lines Coverage Specialist (PLCS) certification, …
  
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• Ohio Benefits Firm Merges with USI Insurance Services

  08-02-2017 07:19
  
  Accelerated Benefits in Ohio has joined forces with USI Insurance Services (USI), the companies announced. Founded in 1986 by Thomas P. Wagoner and headquartered in Dublin, Ohio, Accelerated Benefits and its employees will remain at the current Dublin location. Wagoner …
  
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• Errors in private insurance database costs consumers - KING5.com

  08-02-2017 07:15 via king5.com
  
  KING5.com
  Errors in private insurance database costs consumers
  KING5.com
  Most Americans have never heard about a private database, shared by insurance companies, which helps determine each customer's monthly rate. The database is called C.L.U.E., also known as the Comprehensive Loss Underwriting Exchange. A C.L.U.E. ...
  
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• ICT on Track to Provide $1M in Insurance Education Funds by Year's End - Insurance Journal

  08-02-2017 07:10 via insurancejournal.com
  
  ICT on Track to Provide $1M in Insurance Education Funds by Year's End
  Insurance Journal
  With Insurance Careers Month underway, the Insurance Council of Texas (ICT) Education Foundation announced that it expects to have provided more than $1 million in cumulative funding to Texas universities and their insurance and risk management ...
  
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• Why the Insurance Industry Supports and Hires Veterans - Insurance Journal

  08-02-2017 07:05 via insurancejournal.com
  
  Why the Insurance Industry Supports and Hires Veterans
  Insurance Journal
  Many property/casualty insurance carriers have focused their charitable efforts on veterans, and they've done so for a number of good reasons. One important reason for adopting veterans causes was explained by Glenn Elmore, director of sales training ...
  
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• ICT on Track to Provide $1M in Insurance Education Funds by Year’s End

  08-02-2017 07:05
  
  With Insurance Careers Month underway, the Insurance Council of Texas (ICT) Education Foundation announced that it expects to have provided more than $1 million in cumulative funding to Texas universities and their insurance and risk management students by the end …
  
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• Why the Insurance Industry Supports and Hires Veterans

  08-02-2017 07:00
  
  Many property/casualty insurance carriers have focused their charitable efforts on veterans, and they’ve done so for a number of good reasons. One important reason for adopting veterans causes was explained by Glenn Elmore, director of sales training for Combined Insurance, …
  
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• U.S. Water Damage Class Action Settlement to Cost BMW $478 Million

  08-02-2017 07:00
  
  German automaker BMW AG has agreed to pay up to $477.7 million to settle a class-action lawsuit covering about 318,000 U.S. luxury car owners who may have suffered water damage harming electrical components in vehicle trunks. According to settlement documents …
  
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• Marsh’s top 10 financial & professional market trends for 2017

  08-02-2017 06:01
  
  Changes are coming, and professionals in all industries may be vulnerable. Here are Marsh's predictions for 2017's top 10 issues.
  
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• Intelsat undecided on insurance claim as second Epic satellite enters service - SpaceNews

  08-02-2017 04:42 via spacenews.com
  SpaceNews
  Intelsat undecided on insurance claim as second Epic satellite enters service
  SpaceNews
  Intelsat 33e Boeing Intelsat has yet to gauge whether the impact of a thruster malfunction on its second high-throughput satellite, Intelsat 33e, warrants involving insurers. Credit: Intelsat. WASHINGTON — Satellite operator Intelsat's second high ...
  
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• Bill to repeal Colorado health insurance exchange clears first test - The Denver Post

  08-02-2017 04:27 via denverpost.com
  
  The Denver Post
  Bill to repeal Colorado health insurance exchange clears first test
  The Denver Post
  David Hicks, middle, holds up a sign during a healthcare rally at the west steps of the State Capitol on February 7, 2017 in Denver. By John Ingold | [email protected] | The Denver Post. February 7, 2017 at 8:26 pm. A bill to shut down the state's ...
  Colorado GOP launches campaign against insurance exchangeThe Daily Progress
  Bill that would repeal Colorado health insurance exchange cle
  
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• Audit finds errors remain in Minnesota's public insurance programs - Minneapolis Star Tribune

  08-02-2017 03:54 via startribune.com
  
  Audit finds errors remain in Minnesota's public insurance programs
  Minneapolis Star Tribune
  A new audit finds continued trouble for Minnesota when it comes to determining who is eligible for public health insurance programs, with the latest report finding errors in one out of every six cases reviewed. The audit commissioned by the Department ...and more »
  
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• Cruz: Insurance Companies and Those In Gov't 'Making Out Like Gangbusters' Under Obamacare - Breitbart News

  08-02-2017 03:37 via breitbart.com
  
  Breitbart News
  Cruz: Insurance Companies and Those In Gov't 'Making Out Like Gangbusters' Under Obamacare
  Breitbart News
  During Tuesday's debate on Obamacare on CNN with Senator Bernie Sanders (I-VT), Senator Ted Cruz (R-TX) argued, “For families that are struggling, you're getting less coverage. You're paying more for it, and your deductibles are higher, and you know ...and more »
  
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• House Speaker Ryan Says Obamacare Replacement Bill to Pass This Year

  08-02-2017 03:14
  
  The U.S. House of Representatives’ Republican leader said on Tuesday that legislation to replace former President Barack Obama’s signature healthcare law will be completed this year, trying to assuage concerns that the party is retreating from its campaign promise to …
  
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• Employers worry about what Obamacare repeal is going to do the insurance they're providing - Daily Kos

  08-02-2017 02:31 via dailykos.com
  
  Daily Kos
  Employers worry about what Obamacare repeal is going to do the insurance they're providing
  Daily Kos
  Here's why you can't just use catchphrases like "repeal and replace" when you're talking about the health sector: It's about 17 percent of the nation's GDP and one of the biggest, if not the biggest, employment sector. Woven throughout the entire ...
  Tax Tips: Reporting Your Health InsuranceFOX News Radio (blog)
  Partisan sniping dominates House hearing on insurance stabilization billsM
  
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• CSUF Expert Reports on 'State of Health Insurance in CA' - CSUF News

  08-02-2017 01:32 via news.fullerton.edu
  
  CSUF News
  CSUF Expert Reports on 'State of Health Insurance in CA'
  CSUF News
  Shana Alex Charles, a CSUF assistant professor of health science, is the lead author of a new report, "The State of Health Insurance in California: Findings from the 2014 California Health Interview Survey." As the nation's new president swiftly moves ...
  
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• FEMA extends flood insurance claim deadline - WBTW - Myrtle Beach and Florence SC

  08-02-2017 01:12 via wbtw.com
  
  ABC NEWS 4
  FEMA extends flood insurance claim deadline
  WBTW - Myrtle Beach and Florence SC
  ATLANTA – People affected by Hurricane Matthew now have more time to finalize their Proof of Loss flood insurance claims. The Federal Emergency Management Agency issued an additional extension for National Flood Insurance Program policyholders in ...
  FEMA extends deadline for Hurricane Matthew-related flood insurance claimsVirginian-Pilot
  Hurricane Matthew flood insurance claims deadline extend
  
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• Audit finds errors in Minnesota's public insurance programs - Minneapolis Star Tribune

  08-02-2017 00:56 via startribune.com
  
  Audit finds errors in Minnesota's public insurance programs
  Minneapolis Star Tribune
  Problems with the system used to determine eligibility for public programs are resulting in overpayments, the report found. By Christopher Snowbeck Star Tribune. February 7, 2017 — 6:02pm. Text size. comment. share. tweet. email. Print. more. Share on ...
  
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• Colorado GOP launches campaign against insurance exchange - The Daily Progress

  08-02-2017 00:53 via dailyprogress.com
  
  The Daily Progress
  Colorado GOP launches campaign against insurance exchange
  The Daily Progress
  Supporters of the Affordable Care Act who are also opponents of Colorado's GOP-led plan to undo Colorado's state-run insurance exchange gather for a rally organized by the national Save My Care Bus Tour, on the state Capitol steps in Denver, Tuesday, ...and more »
  
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• Two plead guilty in luxury car insurance fraud scheme - NJ.com

  08-02-2017 00:45 via nj.com
  
  NJ.com
  Two plead guilty in luxury car insurance fraud scheme
  NJ.com
  JERSEY CITY -- Two men have pleaded guilty for their roles for a 2016 luxury car insurance fraud scheme. According to accusation files by the Hudson County Prosecutor's Office, Milton Kevelier-Quezada purchased a 2011 Porsche Panamera from a salvage ...
  
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