Insurance news

• Attorneys: Restrictions to legal fees in insurance claims cases would be challenged - Sun Sentinel

  24-02-2017 23:53 via sun-sentinel.com
  
  Sun Sentinel
  Attorneys: Restrictions to legal fees in insurance claims cases would be challenged
  Sun Sentinel
  The so-called "one-way attorney fee" law targeted for the upcoming legislative session as a way to stem assignment of benefits insurance losses, was enacted in Florida in 1893. (Courtesy Broward County Law Library, Florida Supreme Court Law Library).
  
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• How Elon Musk Wants to Eliminate Your Car Insurance and Maintenance Bills - Inc.com

  24-02-2017 23:43 via inc.com
  
  Inc.com
  How Elon Musk Wants to Eliminate Your Car Insurance and Maintenance Bills
  Inc.com
  Buying a car is only the beginning of the expenditures: there's the hundreds of dollars in insurance each month, and then thousands more in maintenance over a car's lifetime. Tesla wants to change that. During its earnings call Wednesday, the company ...
  Tesla Plans To Offer Car Insurance For Life At Time of PurchaseArchitectural Digest
  Tesla now offers insurance and maintenance for lifeThe Car Connec
  
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• Car insurance discounts you could be using - WWBT NBC12 News

  24-02-2017 22:59 via nbc12.com
  
  Car insurance discounts you could be using
  WWBT NBC12 News
  It's the one product you have to buy and hope to never use. Car insurance can be expensive, but there are ways every driver can lower their out-of-pocket costs. Every January, savings expert Kimberly Roberts calls her auto insurance company to make ...and more »
  
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• Prosecutors: Insurance money sparked Garfield Ridge slaying ... - Chicago Tribune

  24-02-2017 22:38 via chicagotribune.com
  
  Chicago Tribune
  Prosecutors: Insurance money sparked Garfield Ridge slaying ...
  Chicago Tribune
  A woman who was the beneficiary of a $10000 life insurance policy is charged with murder after the man who took out the policy was fatally shot late last year.
  She Killed Him Over $10K Life Insurance Policy, Prosecutors Say ...DNAinfoall 3 news articles »
  
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• Trump to Meet With Insurance Executives on Repeal of Affordable Care Act - Wall Street Journal (subscription)

  24-02-2017 22:11 via wsj.com
  
  Trump to Meet With Insurance Executives on Repeal of Affordable Care Act
  Wall Street Journal (subscription)
  President Donald Trump is planning to hold a round-table meeting with health-insurance executives at the White House on Monday, according to people close to the planning, as the administration looks to encourage insurers to sign onto Republicans' ...
  
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• GOP Draft Health Care Bill Cuts Medicaid, Insurance Subsidies - CNBC

  24-02-2017 21:46 via cnbc.com
  
  CNBC
  GOP Draft Health Care Bill Cuts Medicaid, Insurance Subsidies
  CNBC
  President Donald Trump discusses the federal budget in the Roosevelt Room of the White House on February 22, 2017 in Washington, DC. A draft bill detailing Republican plans to begin repealing and replacing many facets of the Affordable Care Act would ...
  A GOP Tax Idea Would Upend Health InsuranceBloomberg
  Health Law Created Winners and Losers When Buying InsuranceU.S. News & World Report
  Before Obamacare, a cancer
  
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• GOP Draft Health Care Bill Cuts Medicaid, Insurance Subsidies - NBCNews.com

  24-02-2017 20:51 via nbcnews.com
  
  NBCNews.com
  GOP Draft Health Care Bill Cuts Medicaid, Insurance Subsidies
  NBCNews.com
  A draft bill detailing Republican plans to begin repealing and replacing many facets of the Affordable Care Act would provide expanded tax credits and health savings accounts for individuals while reducing federal spending on tax subsidies and Medicaid ...
  GOP proposal aims to end insurance mandate in 'Obamacare'Minneapolis Star Tribune
  No, Obamacare Hasn't Jacked Up Your Company's Insurance RatesForbes
  The GO
  
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• Oklahoma family gets keys to first FORTIFIED Home™

  24-02-2017 20:00
  
  IBHS and Central Oklahoma Habitat for Humanity collaborate to build fortified homes better able to resist high winds from tornadoes, which should help reduce insurance rates.
  
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• For-Profit Health Insurance - New York Times

  24-02-2017 19:53 via nytimes.com
  For-Profit Health Insurance
  New York Times
  As long as the for-profit insurance industry is the default option, the cost of health coverage will remain expensive, options will vary widely, and providers will drop in and out of plans frequently. These insurance companies add little value to the ...and more »
  
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• AIG headcount falls by 10,000 in 2016

  24-02-2017 19:00
  
  The number of AIG employees fell by 15 percent to 56,400 as of Dec. 31, New York-based AIG said yesterday in a regulatory filing.
  
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• Texas Bill Seeks Limits on Hailstorm Lawsuits

  24-02-2017 18:53
  
  A bill has been filed in the Texas Senate that seeks to curb what the authors of the legislation say is a skyrocketing number of lawsuits filed against insurers for bogus or inflated hailstorm claims. Senate Bill 10, filed by …
  
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• Californian Sentenced for Felony Insurance Fraud in Sacramento - Insurance Journal

  24-02-2017 18:40 via insurancejournal.com
  
  Californian Sentenced for Felony Insurance Fraud in Sacramento
  Insurance Journal
  The Sacramento County District Attorney's Office in California reported that Paige Nolasco, who pled no contest to felony insurance fraud, has been sentenced to ...and more »
  
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• Californian Sentenced for Felony Insurance Fraud in Sacramento

  24-02-2017 18:40
  
  The Sacramento County District Attorney’s Office in California reported that Paige Nolasco, who pled no contest to felony insurance fraud, has been sentenced to 90 days in jail and five years’ formal probation, and ordered her to pay $1,781 in …
  
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• Brinson Takes Over as President of Texas Surplus Lines Assoc.

  24-02-2017 18:32
  
  Teri Brinson, executive vice president of M.D. Jensvold & Co., has taken over as president of the Texas Surplus Lines Association (TSLA) for 2017. She brings more than 35 years of experience and leadership in the insurance industry to her …
  
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• The right persuasive words turn prospects into clients

  24-02-2017 18:15
  
  Logic makes people think; emotion makes them act.
  
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• Jury: Former Oklahoma Legislator Must Pay Insurer $4.3M in Defamation Case

  24-02-2017 18:02
  
  A Tulsa, Okla., jury has awarded an insurance company and its CEO $4.3 million in a defamation case. The Oklahoman reports former state legislator and former First Trinity director Wayne Pettigrew left First Trinity Financial Corp. in 2013 and issued …
  
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• Ryan Specialty Group to Acquire Trident Marine Managers

  24-02-2017 18:01
  
  RSG Underwriting Managers (RSGUM) announced an agreement to acquire Trident Marine Managers Inc. and related claims adjusting affiliates (Trident), headquartered in Houston. Trident is a specialty marine managing general agency that has served the energy sector for more than 35 …
  
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• GMI Insurance Taps Falls Lake as Primary Carrier for Auto Programs - Insurance Journal

  24-02-2017 17:37 via insurancejournal.com
  
  GMI Insurance Taps Falls Lake as Primary Carrier for Auto Programs
  Insurance Journal
  GMI Insurance, a program administrator specializing in commercial auto exposures, has added Falls Lake Insurance Companies as the new primary carrier for its auto programs. Effective Feb. 1, GMI Insurance programs offers mono-line commercial auto ...
  
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• GMI Insurance Taps Falls Lake as Primary Carrier for Auto Programs

  24-02-2017 17:37
  
  GMI Insurance, a program administrator specializing in commercial auto exposures, has added Falls Lake Insurance Companies as the new primary carrier for its auto programs. Effective Feb. 1, GMI Insurance programs offers mono-line commercial auto policies through Falls Lake. GMI …
  
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• BKS Partners in Florida Partners With D&M Insurance Solutions

  24-02-2017 17:31
  
  Tampa, Fla.-based insurance brokerage Baldwin Krystyn Sherman Partners (BKS) has partnered with D&M Insurance Solutions, LLC (D&M), a Clearwater, Fla.-based insurance consulting and brokerage firm. The partnership was finalized on Feb. 22, 2017. D&M focuses on serving financial institutions, investors, …
  
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• Florida-Based SUNZ Taps Bryant as EVP, Chief Legal Officer

  24-02-2017 17:22
  
  SUNZ Holdings has appointed Theodore “Ted” G. Bryant, Esq. to the position of executive vice president and chief legal officer of SUNZ Holdings and will report directly to Steven F. Herrig, CEO and chairman of the board. In this newly …
  
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• China bans fourth-richest man from insurance sector for 10 years - Financial Times

  24-02-2017 17:18 via ft.com
  Financial Times
  China bans fourth-richest man from insurance sector for 10 years
  Financial Times
  China's fourth-richest man has been banned from the country's insurance industry for 10 years, in the most aggressive move yet by regulators to tame borrowing and hostile corporate takeovers by insurers. Sample the FT's top stories for a week. You ...
  Foresea Life chief suspended from insurance businessChina.org.cn
  Shenzhen tycoon Yao Zhenhua barred from insurance industry for 10 yearsSouth China Mo
  
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• Proposed Florida Bill Gives Women 10 Years to Sue Doctors Over Abortions

  24-02-2017 17:16
  
  Women who have abortions in Florida would find it easier to sue the doctors who performed the procedure, under a contentious bill now moving through the state House. But it’s unclear if the legislation – which has been opposed by …
  
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• South Carolina Lawmakers File 10 Bills Aimed at Curbing Opioid Abuse

  24-02-2017 17:09
  
  House Republicans filed 10 proposals Wednesday aimed at curbing South Carolina’s rampant prescription painkiller problem and promised more legislation would follow. “We wanted to get the ball rolling. This is just the first step,” said Rep. Eric Bedingfield, R-Belton, one …
  
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• AIG Among ‘Too-Big-to-Fail’ Insurers Trying to Assess Path Forward Under Trump

  24-02-2017 16:47
  
  Insurance giant American International Group sees “considerable uncertainty” about U.S. regulations that deem non-bank financial institutions as being too big to fail, given the recent change in White House administrations, according to a filing. The “appropriateness and federal regulation” of …
  
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• UK P&I Clubs Consider Opening EU Outposts in Preparation for Brexit

  24-02-2017 16:10
  
  U.K.-regulated ship insurers are preparing plans to open new outposts in European Union jurisdictions such as Luxembourg and Cyprus, fearing that Brexit will hinder access to the EU’s financial market, industry sources involved say. Britain dominates the global marine insurance market and …
  
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• EU Lawmakers Call for Law Regulating Rise of Robots, Including Self-Driving Cars

  24-02-2017 15:57
  
  European lawmakers on Feb. 16 called for EU-wide legislation to regulate the rise of robots, including an ethical framework for their development and deployment and the establishment of liability for the actions of robots including self-driving cars. But they rejected …
  
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• 6 Years After Fukushima Disaster, Robots Continue Search for Radioactive Fuel

  24-02-2017 15:46
  
  The latest robot seeking to find the 600 tons of nuclear fuel and debris that melted down six years ago in Japan’s wrecked Fukushima Dai-Ichi power plant met its end in less than a day. The scorpion-shaped machine, built by …
  
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• Security Breach at New York’s Kennedy Airport Unnerves Some Travelers

  24-02-2017 15:39
  
  A breach that allowed 11 people to walk through an unattended security checkpoint lane at one of the nation’s busiest airports has some travelers scratching their heads about how this could happen even with the enhanced security measures put in …
  
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• Reported Drone Flying Violations Up 46%

  24-02-2017 15:32
  
  Reports of  drone safety violations continued to increase during 2016. There were 1,274 reports from February through September last year, compared with 874 for the same period in 2015 — a 46 percent increase. The Federal Aviation Administration (FAA) released …
  
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• Wrongfully Imprisoned Man Could Get $1.55M from Virginia

  24-02-2017 15:30
  
  A man who spent more than three decades in prison for a crime he didn’t commit could be getting $1.55 million from the state of Virginia. The Richmond Times-Dispatch reports that a bill to provide compensation to 60-year-old Keith Allen …
  
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• What is Lidar and Why Are Autonomous Car Makers Fighting Over It?

  24-02-2017 15:23
  
  Spacecraft use it to measure distance. Farmers use it to work out which fields need fertilizer. Archaeologists use it to map topography. And, crucially for Uber Technologies Inc. and Alphabet Inc.’s Waymo, self-driving cars use lidar to navigate. As carmakers …
  
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• Massachusetts-Headquartered Eastern Insurance Group Hires Goyer - Insurance Journal

  24-02-2017 14:44 via insurancejournal.com
  
  Insurance Journal
  Massachusetts-Headquartered Eastern Insurance Group Hires Goyer
  Insurance Journal
  Eastern Insurance Group, a Natick, Mass.-headquartered subsidiary of Eastern Bank, has hired Mark J. Goyer as vice president and sales executive within Eastern Benefits Group, the insurance firm's employee benefits division. Goyer, who works out of the ...
  
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• Massachusetts-Headquartered Eastern Insurance Group Hires Goyer

  24-02-2017 14:44
  
  Eastern Insurance Group, a Natick, Mass.-headquartered subsidiary of Eastern Bank, has hired Mark J. Goyer as vice president and sales executive within Eastern Benefits Group, the insurance firm’s employee benefits division. Goyer, who works out of the Norwell, Mass., office, …
  
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• Lucky to Be Alive, Calling for a Revolution in Road Safety

  24-02-2017 14:33
  
  Three weeks ago, I was walking home on a dark, snowy night in Concord, Massachusetts. The next thing I knew, I was in a hospital, hooked up to some kind of machine. I could not lift my legs or even …
  
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• XL Catlin Launches $500,000 Fund for Scientists Researching Ocean Risks

  24-02-2017 13:38
  
  XL Catlin has launched a $500,000 fund to support “early career scientists” undertaking research into the changing ocean environment. The XL Catlin Ocean Risk Grants will be awarded to scientists for final year BSc, Masters and PhD research. The fund demonstrates …
  
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• Helping Small Insurers Sell Cyber Coverage to Small Businesses

  24-02-2017 12:48
  
  With the global cyber insurance market expected to reach $14 billion by 2022, according to Allied Market Research, it’s no wonder more insurers are looking to offer cyber coverage. But small insurers have been sidelined in this market due to …
  
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• Third Point Re’s Berger to Step Down as CEO, Succeeded by Bredahl

  24-02-2017 12:16
  
  Third Point Reinsurance Ltd. announced that John Berger, chairman and CEO, will be stepping down as CEO effective March 1, 2017. Robert Bredahl, currently president and chief operating officer, will succeed Berger as CEO of Third Point Re on March 1. Berger will …
  
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• Employers may see lower Workers' Compensation rates in Nevada

  24-02-2017 12:00
  
  Nevada employers may see lower workers' comp premiums from two rate filings approved by the state insurance commissioner effective March 1, 2017.
  
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• P&C insurers hopeful about growth prospects, but brace for volatility

  24-02-2017 11:30
  
  While insurers may be cautiously optimistic about the likelihood of economic expansion and regulatory relief this year, a number of obstacles could undermine their top- and bottom line growth.
  
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• UK Suspect Arrested in Deutsche Telekom Cyber Attack

  24-02-2017 11:15
  
  British authorities have arrested a suspect in connection with a cyber attack that infected nearly 1 million routers used to access Deutsche Telekom’s internet service, German federal police said on Thursday. Britain’s National Crime Agency detained the 29-year-old Briton at one of …
  
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• Chubb’s Draper Jumps to Navigators to Head International Casualty

  24-02-2017 08:55
  
  The Navigators Group Inc. said that David J. Draper has joined the company as head of International Casualty. Draper is responsible for developing Navigators’ international casualty business outside of the United States in Europe, including in the UK, and in …
  
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• Now’s the Time to Invest in ’80s-Era Classic Cars

  24-02-2017 07:00
  
  Thirty years ago, a person of means could walk into an import car dealership, drop a sum that would double the average annual household income, and drive out with a grand touring coupe—a two-door, four-seater powered by a prodigious, smooth, naturally aspirated …
  
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• 8 tips for writing better claims letters

  24-02-2017 06:01
  
  Your form letters just might need a makeover.
  
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• WestCongress Insurance Services Opens in Detroit - Insurance Journal

  24-02-2017 04:26 via insurancejournal.com
  
  WestCongress Insurance Services Opens in Detroit
  Insurance Journal
  WestCongress Insurance Services LLC, a newly created managing general agent (MGA) for the specialty commercial insurance marketplace, has opened in Detroit. WestCongress will focus on excess and surplus (E&S) lines coverage in niche and ...and more »
  
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• WestCongress Insurance Services Opens in Detroit

  24-02-2017 04:26
  
  WestCongress Insurance Services LLC, a newly created managing general agent (MGA) for the specialty commercial insurance marketplace, has opened in Detroit. WestCongress will focus on excess and surplus (E&S) lines coverage in niche and underserved segments. The company’s initial product …
  
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• Oregon Workers’ Comp Provider Sees Big Hike in Slip, Fall Injuries in January

  24-02-2017 04:08
  
  As a result of the heavy snow and ice statewide in January, more Oregon workers suffered slips, trips and falls than in any recent January, according to SAIF data. SAIF is Oregon’s not-for-profit, state-chartered workers’ compensation insurance company. More than …
  
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• Watson Joins Cavignac & Associates in San Diego

  24-02-2017 04:03
  
  Cavignac & Associates, a San Diego-based risk management and insurance brokerage firm, has hired Stephen Watson as a junior account executive. His principle area of focus will be on professional liability. Watson previously was employed as assistant manager of Walmart …
  
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• Minot, North Dakota, Planning for Launch of Disaster Resilience Program

  24-02-2017 03:57
  
  Minot officials have drafted a new governance structure for the city in hopes of giving momentum to its disaster resilience program. City Manager Tom Barry outlined the plan to the Minot City Council earlier this month, the Minot Daily News …
  
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• Alaska sees positive federal signals on individual insurance market - Alaska Public Radio Network

  24-02-2017 03:56 via alaskapublic.org
  
  Alaska Public Radio Network
  Alaska sees positive federal signals on individual insurance market
  Alaska Public Radio Network
  Insurance Division Director Lori Wing-Heier, in Juneau Jan. 29th, 2016 (Photo by Skip Gray/360 North). Gov. Bill Walker's administration is asking the federal government to take on much of the cost of supporting the individual insurance market. Listen now.and more »
  
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