Insurance news

• Damaged dam threatens Northern California towns

  14-02-2017 18:40
  
  Nearly 200,000 people, who evacuated Sunday over fears that a damaged spillway at Lake Oroville could fail and unleash a wall of water, have to stay away indefinitely while officials race to repair it before more rains arrive Thursday.
  
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• Wisconsin Police Officers Targeting Aggressive Drivers

  14-02-2017 16:58
  
  Police across Wisconsin have ramped up efforts to stop aggressive driving by writing more speeding tickets. The strategy is appearing to work, as citations increased nearly 7 percent in 2015, to more than 172,000, the Wisconsin State Journal reported. Before …
  
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• Drones Being Tested in Minnesota to Conduct Safety Inspections on Bridges

  14-02-2017 16:56
  
  The Minnesota Department of Transportation is testing the use of drones to inspect bridges. Transportation officials expect the technology will save money and provide another perspective on how the state’s bridges are holding up. The drone allows inspectors not only …
  
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• EPIC Names Frugoli Vice President in Health Care Group in California

  14-02-2017 16:35
  
  EPIC Insurance Brokers & Consultants has named Adam Frugoli vice president of its health care strategy group. He will divide his time between EPIC’s Idaho Falls, Idaho and Sacramento, Calif., offices. Frugoli will be responsible for new business development, program design and …
  
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• Aetna, Humana Officially End Merger Deal; Won’t Appeal Court Ruling

  14-02-2017 15:58
  
  Health insurers Aetna Inc. and Humana Inc. walked away from their $34 billion merger deal on Tuesday, after a U.S. judge ruled in January the combination would stifle competition in the private Medicare Advantage program for retirees. After the Jan. …
  
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• Nichols Resigns as AXIS Re’s CEO; Ekberg Named Interim Head of Reinsurance

  14-02-2017 15:16
  
  Bermuda-based AXIS Capital Holdings Ltd. announced that John “Jay” Nichols has resigned from his position as chief executive officer of AXIS Re. Nichols has agreed to remain with the company in a transitional role until March 31. AXIS has named …
  
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• Families Beg to Close New Jersey Beach Where 3 Died as Sand Gave Way

  14-02-2017 15:05
  
  Relatives of three people who died when the sand at a New Jersey beach gave way beneath their feet begged a judge to permanently close the beach, saying it’s only a matter of time before someone else dies there. Relatives …
  
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• Miller Hires Richards (from Guy Carpenter) for Its Facultative Property Team

  14-02-2017 14:59
  
  Miller Insurance Services has expanded its facultative property team with the appointment of experienced broker and producer Damian Richards. Richards will work with the team in London and colleagues across Miller to develop tailored facultative reinsurance solutions for its clients, …
  
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• Greenberg Fights New York AG’s Spin on Reinsurance Saga

  14-02-2017 14:52
  
  Almost a dozen years ago, then-New York Attorney General Eliot Spitzer filed a fraud lawsuit against former American Insurance Group Inc. CEO Maurice “Hank” Greenberg over two reinsurance transactions that purportedly gave an improper boost to the company’s financial statements. …
  
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• NSW Bushfires to Cost Insurers at Least US$15.3M: Insurance Council

  14-02-2017 14:43
  
  The Insurance Council of Australia (ICA) has declared an insurance catastrophe for bushfires that have destroyed homes, stock and other assets across New South Wales, providing an initial insured loss estimate of at least A$20 million (US$15.3 million).   That …
  
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• Insurance CEOs More Concerned Than Others About Disrupters: PwC

  14-02-2017 13:51
  
  Insurance CEOs are more concerned than leaders in other industries about combined disruptive threats to their growth prospects, according to findings from the 20th annual “PwC Global CEO Survey.” PwC polled 95 insurance CEOs from 39 countries, who anticipate being hugely …
  
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• Insurance CEOs More Concerned About Disrupters than Other Sectors: PwC

  14-02-2017 13:51
  
  Insurance CEOs are more concerned than leaders in other industries about combined disruptive threats to their growth prospects, according to findings from the 20th annual “PwC Global CEO Survey.” PwC polled 95 insurance CEOs from 39 countries, who anticipate being hugely …
  
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• 50 ways to leave no cover

  14-02-2017 13:30
  
  An insurance carrier might reject your claim for coverage for any of these 50 reasons.
  
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• Rolling Stone Defamation Case Over Rape Story Back in Virginia Court

  14-02-2017 12:56
  
  Attorneys for Rolling Stone magazine are heading back to federal court to try to overturn a jury’s defamation verdict over its botched story “A Rape on Campus.” A judge is holding a hearing in Roanoke, Virginia, on Thursday to consider …
  
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• New York Museum Ends Shia LaBeouf Project, Citing Safety Concerns

  14-02-2017 12:48
  
  The Museum of the Moving Image announced Friday it has closed a performance art project involving Shia LaBeouf, citing “serious public safety hazards.” The project involved the actor and others chanting “He will not divide us” in front of a …
  
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• Intesa Consults Investors Ahead of Possible Generali Deal: Sources

  14-02-2017 12:02
  
  Intesa Sanpaolo SpA is sounding out investors about a possible combination with Assicurazioni Generali SpA and weighing which of the insurer’s assets it might sell, according to people with knowledge of the matter. Intesa Chief Executive Officer Carlo Messina is …
  
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• Here's how turning over rocks can reveal hidden prospects

  14-02-2017 11:30
  
  Prospecting is simply turning over rocks to see what lies beneath.
  
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• Insurance in the Digital Age: 3 steps to maximizing your strategy

  14-02-2017 11:00
  
  Do you know what things to do and how to measure them to maximize your digital strategy?
  
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• U.K. Tech Startups Weigh Moving HQs to Continent on Brexit Worries

  14-02-2017 10:32
  
  British technology startups are beginning to stress out over Brexit. Initially confident their industry wouldn’t be harmed by Britain’s break from the European Union, U.K. tech entrepreneurs are now girding for a bevy of challenges. A poll of 940 startup …
  
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• Insurers Find Fault With Report Over How Auto Insurers Treat No-Fault Accidents

  14-02-2017 07:00
  
  A national consumer group has charged that innocent drivers in most states are being forced to pay more for auto insurance for accidents in which they are not at fault. The report from the Consumer Federation of America (CFA) further …
  
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• Automakers Want Regulatory Road Cleared for Self-Driving Vehicles

  14-02-2017 07:00
  
  General Motors Co. and Toyota Motor Corp. officials will tell a U.S. House panel on Tuesday that automakers need changes to automotive safety rules to allow the deployment of self-driving cars on American roads. “Without changes to those regulations, it …
  
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• At Least 7 Injured by Confirmed Tornado in Southeast Georgia

  14-02-2017 06:54
  
  Experts have confirmed a tornado plowed through two southeast Georgia counties where mobile homes were destroyed and several people were injured. The National Weather Service reported Friday a survey team found a tornado with maximum winds of 130 mph traveled …
  
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• Coal Truck Driver Dies on Delivery in West Virginia

  14-02-2017 06:50
  
  West Virginia mine safety authorities say a 54-year-old coal truck driver has died from injuries he suffered last week in Logan County. The Office of Miners’ Health, Safety and Training says the loaded truck driven by Franklin Vannoy Jr. of …
  
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• Florida-based American Integrity Launches Golf Cart Insurance

  14-02-2017 06:47
  
  American Integrity Insurance Co., a Florida-based insurance provider, has launched a standalone golf cart insurance program. The American Integrity golf cart insurance policy will have similar coverage types that are often seen in an auto insurance policy with protections such …
  
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• Ironshore Forms Oil & Gas Facility for Middle Market Energy Sector

  14-02-2017 06:20
  
  Ironshore Specialty Casualty has formed Ironshore Energy Solutions, a dedicated oil & gas facility, offering liability coverages for on-shore middle market energy classes in the United States. Ironshore Insurance Services LLC, its specialty managing general agency, will deliver capacity to …
  
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• Palomar Specialty Launches Residential Flood Program in California

  14-02-2017 06:11
  
  Palomar Specialty Insurance Co. has launched Flood Guard, a private flood program in California that uses an advanced and granular proprietary rating system. Palomar used catastrophe modeling firm AIR Worldwide’s probabilistic flood model for the United States in its rate …
  
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• Charging up: The renewable energy market

  14-02-2017 06:01
  
  As the implementation of renewable energies continues to rise, so too do the opportunities for insurers.
  
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• Employee Wellness Programs: What You Should Know

  14-02-2017 01:00
  
   Employee wellness programs, which vary in scope, are changing the workplace environment for the better, even for small businesses. They offer a perk that can help a company attract and retain employees. But wellness programs have also b...
  
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