Insurance news

• Botkin Joins Lockton Dunning Benefits as VP in Dallas Office

  02-03-2017 23:32
  
  Lockton Dunning Benefits has added Paul M. Botkin as the newest vice president and subject matter expert for its disability consulting and leave administration practice. Prior to joining Lockton Dunning Benefits, Botkin was responsible for building and managing multiple consulting …
  
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• What's the Deal: Saving on car insurance - 6abc.com

  02-03-2017 23:11
  
  6abc.com
  What's the Deal: Saving on car insurance
  6abc.com
  If you haven't shopped around for car insurance lately, you're probably paying more than you have to. (WPVI). WPVI. By Nydia Han. Thursday, March 02, 2017 05:11PM. PHILADELPHIA (WPVI) --. If you haven't shopped around for car insurance lately, you're ...
  
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• Insurance proposal could raise questions for future of AthFest, Twilight Criterium - Online Athens

  02-03-2017 22:17
  
  Online Athens
  Insurance proposal could raise questions for future of AthFest, Twilight Criterium
  Online Athens
  Cyclists move through the streets of Athens during a recent Twilight Criterium, the annual spring weekend of bicycle races in downtown Athens. A proposed hike in liability insurance requirements could throw the future of the event into some doubt ...
  
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• Farmers Union Insurance offers Insuring a Brighter Tomorrow Scholarship - AG Week

  02-03-2017 22:15
  
  AG Week
  Farmers Union Insurance offers Insuring a Brighter Tomorrow Scholarship
  AG Week
  HURON, S.D. — Each year, South Dakota Farmers Union Foundation, in cooperation with Farmers Union Insurance Agency, gives $1,000 scholarships to 25 South Dakota high school students. The deadline for scholarship applications is April 15, 2017.
  
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• Parker's compensation from USAA's insurance businesses jumps - mySanAntonio.com

  02-03-2017 21:35
  
  mySanAntonio.com
  Parker's compensation from USAA's insurance businesses jumps
  mySanAntonio.com
  USAA CEO and President Stuart Parker's compensation from the San Antonio company's insurance businesses jumped nearly 19 percent in 2016, a year that it described as historic for catastrophe-related claims. Parker's pay from four of USAA's insurance ...and more »
  
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• Hub Acquires LISSC in Southern California

  02-03-2017 21:25
  
  Hub International Ltd. has acquired LISSC in Santa Ana, Calif. Terms of the deal were not disclosed. LISSC’s team will join Hub California. Angelo Maroutsos and Dennis Monahan, co-owners, and David Trevino, vice president, of LISSC, will join Hub California …
  
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• State insurance commissioner takes up cause of insurance agents - The Albany Herald

  02-03-2017 21:07
  
  The Albany Herald
  State insurance commissioner takes up cause of insurance agents
  The Albany Herald
  ALBANY — Georgia's insurance commissioner has urged Tom Price, the new federal health secretary, to remove agents' commissions from rules governing how insure companies spend the premium dollars they collect. The issue cited by Commissioner ...
  
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• Suzanne Somers Wants 'Natural Option' Covered by Insurance - Fox Business

  02-03-2017 20:04
  
  Fox Business
  Suzanne Somers Wants 'Natural Option' Covered by Insurance
  Fox Business
  'Tox-Sick' author and actress Suzanne Somers on why Health and Human Services Secretary Tom Price should consider including the natural option as part of healthcare insurance. Suzanne Somers said she wants to meet with the new health and human ...and more »
  
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• Local insurance claim turns into national commercial - Hastings Star Gazette

  02-03-2017 20:00
  
  Hastings Star Gazette
  Local insurance claim turns into national commercial
  Hastings Star Gazette
  Katy Lindberg is pictured with the real "Hot Dog," Skyler, and the boy who had his first birthday the day Skyler accidentally set the kitchen on fire. (Submitted photo). It was a boy's first birthday party. After the memorable party, the family left ...
  
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• Judge OKs liquidation of Lehigh Valley insurance company, Penn Treaty American - Allentown Morning Call

  02-03-2017 18:47
  
  Allentown Morning Call
  Judge OKs liquidation of Lehigh Valley insurance company, Penn Treaty American
  Allentown Morning Call
  A judge has ordered the liquidation of Penn Treaty American Corp., the Salisbury Township provider of long-term care policies. (ADDISON GEORGE/HANDOUT). Sam KennedyContact ReporterOf The Morning Call. Liquidation for Penn Treaty hardly final for ...
  Pennsylvania Court Approves Liquidation of Two Insurance CompaniesInsurance Journalall 7 news articles »
  
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• Terror threat to U.S. airports said to grow as al-Qaeda rebounds

  02-03-2017 18:39
  
  The threat to U.S. airports from terror groups such as al-Qaeda and Islamic State is expected to grow because of instability in parts of the Middle East and Asia, a former high-ranking intelligence official said Thursday.
  
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• Best Upgrades Ratings of Arkansas Farm Bureau Mutual Insurance - Insurance Journal

  02-03-2017 18:27
  
  Best Upgrades Ratings of Arkansas Farm Bureau Mutual Insurance
  Insurance Journal
  A.M. Best has upgraded the Financial Strength Rating (FSR) to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “a-” from “bbb+” of Farm Bureau Mutual Insurance Company of Arkansas Inc. (Arkansas Farm Bureau), ...
  
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• Best Upgrades Ratings of Arkansas Farm Bureau Mutual Insurance

  02-03-2017 18:27
  
  A.M. Best has upgraded the Financial Strength Rating (FSR) to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “a-” from “bbb+” of Farm Bureau Mutual Insurance Company of Arkansas Inc. (Arkansas Farm Bureau), based …
  
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• Cyber: Getting to grips with a complex risk [Infographic]

  02-03-2017 18:20
  
  Rapidly advancing technologies make cyber risks complex and difficult to insure against and many businesses aren’t doing enough to manage them.
  
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• Texas Lawmaker Seeks Insurance Policy Abortion Ban - Insurance Journal

  02-03-2017 18:14
  
  Texas Lawmaker Seeks Insurance Policy Abortion Ban
  Insurance Journal
  An effort to prohibit coverage of abortion by many health insurance plans in Texas is back, despite stalling in previous years. Republican Sen. Larry Taylor of Friendswood is seeking to bar health insurance plans offered through the Obama ...
  
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• Marsh & McLennan Agency Acquires Minneapolis-Based Blakestad

  02-03-2017 18:13
  
  Marsh & McLennan Agency LLC (MMA) has acquired Blakestad Inc., a private client and commercial lines independent insurance agency. Terms of the transaction were not disclosed. Headquartered in Minneapolis, Minn., Blakestad provides property/casualty insurance to privately held businesses and individuals, …
  
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• Holmes Murphy Adds Marchino to Dallas Benefits Team

  02-03-2017 18:10
  
  Holmes Murphy & Associates has hired Jeff Marchino as a senior consultant for employee benefits in its Dallas office. Marchino joins the team with more than two decades of experience in the insurance industry. Marchino will work closely in the business …
  
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• Texas Lawmaker Seeks Insurance Policy Abortion Ban

  02-03-2017 18:07
  
  An effort to prohibit coverage of abortion by many health insurance plans in Texas is back, despite stalling in previous years. Republican Sen. Larry Taylor of Friendswood is seeking to bar health insurance plans offered through the Obama administration’s signature …
  
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• Tornado-Spawning Storm System Killed 3 in Midwest, Moved Eastward

  02-03-2017 18:05
  
  A spring-like storm system that killed at least three people as it spawned tornadoes and damaged dozens of homes in the central U.S. rumbled eastward on March 1, putting about 95 million people in its path, forecasters said. The compact …
  
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• Oil-rich Oklahoma still at highest risk of man-made earthquakes

  02-03-2017 17:46
  
  New seismicity maps released by the U.S. Geological Survey show that a swath of Oklahoma and Southern Kansas are likely to experience high-magnitude earthquakes this year.
  
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• 7 key thoughts on value-based insurance design - Becker's Orthopedic & Spine

  02-03-2017 17:27
  7 key thoughts on value-based insurance design
  Becker's Orthopedic & Spine
  The rate of healthcare inflation has outpaced general inflation over the past several years, upending the way insurance companies do business. The traditional health insurer's business model aimed to attract healthy individuals and use their premiums ...
  
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• Opinion: Flood insurance program near drowning, needs reform - The Mercury News

  02-03-2017 17:23
  
  The Mercury News
  Opinion: Flood insurance program near drowning, needs reform
  The Mercury News
  Michael Nguyen carries out clothing during neighborhood cleanups on Nordale Avenue along Coyote Creek in the flood-impacted neighborhoods of San Jose Saturday. (Josie Lepe/Bay Area News Group). By Steve Ellis |. March 2, 2017 at 8:23 am.and more »
  
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• Argument analysis: Justices dubious about Missouri's right to expand insurance benefits for federal employees - SCOTUSblog (blog)

  02-03-2017 17:20
  SCOTUSblog (blog)
  Argument analysis: Justices dubious about Missouri's right to expand insurance benefits for federal employees
  SCOTUSblog (blog)
  Sparks were not flying yesterday in the argument in Coventry Health Care v. Nevils. This is a case in which the justices seem to have come to the bench strongly predisposed to reverse the Missouri Supreme Court; nothing in the argument jumps out as ...and more »
  
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• Debris Pile Emerges from Water Near Troubled California Dam

  02-03-2017 17:19
  
  Crews worked this week to clean up dirt and debris from the base of Oroville Dam and biologists rush to save stranded fish after state officials shut off the flow of water from a damaged spillway at the Northern California …
  
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• Natural disasters cost $520 billion a year of consumption loss, World Bank says

  02-03-2017 17:17
  
  Global natural disasters cost $520 billion of consumption loss annually, 60 percent larger than asset losses that are commonly reported, the World Bank said in a report.
  
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• Hawaiian Lawmakers Seeking to Get Vacation Rental Data

  02-03-2017 17:15
  
  Hawaii lawmakers may create a group to develop a way to collect data on how vacation rentals affect Hawaii’s tax revenue, housing supply and brand as a visitor destination. The Senate Ways and Means Committee passed a bill to set …
  
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• New Mexico City Settling Cell Beating Lawsuit for $400K

  02-03-2017 17:13
  
  The city of Las Cruces, N.M. has agreed to pay $400,000 to a man who claims police officers used excessive force on him when he was detained in a holding cell. The Las Cruces Sun-News reported that the settlement figure …
  
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• University of California Releases Details on 113 Employee Sex Misconduct Cases

  02-03-2017 17:11
  
  The University of California said it investigated 113 cases of sexual misconduct involving staff and faculty at its 10 campuses over a recent three-year period, according to hundreds of pages of internal documents released this week. The information was released …
  
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• Proposed tax credits for health insurance will be less than current subsidies - Pittsburgh Post-Gazette

  02-03-2017 16:05
  
  Pittsburgh Post-Gazette
  Proposed tax credits for health insurance will be less than current subsidies
  Pittsburgh Post-Gazette
  Joel and Merri Barnes of Blair County are concerned about how changes in the health care law would affect his cancer treatments. By Kris B. Mamula / Pittsburgh Post-Gazette. The average government subsidies for health insurance would be at least 36 ...
  
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• Massachusetts Man Sentenced for Stealing $1.5M from Employer

  02-03-2017 16:02
  
  The former controller for a Milford, Mass.-based developer has been sentenced to up to three years in prison for stealing nearly $1.5 million from the company. Sixty-one-year-old Michael Lussier was sentenced Monday after previously pleading guilty to two counts of …
  
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• Freeborn & Peters Combines with NYC Firm to Establish First New York Office

  02-03-2017 15:52
  
  Freeborn & Peters LLP has combined with the New York City firm Hargraves, McConnell & Costigan P.C., effective March 1. The development, which establishes Freeborn’s first office in New York, represents a further geographic expansion for the Chicago-headquartered Freeborn, which …
  
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• Pennsylvania Court Approves Liquidation of Two Insurance Companies

  02-03-2017 15:47
  
  The Commonwealth Court in Pennsylvania has approved petitions to liquidate Penn Treaty Network America Insurance Company and American Network Insurance Company, with policyholder claims set to be paid through the state guaranty association system subject to statutory limits and conditions. …
  
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• Dealing with terror

  02-03-2017 14:00
  
  The shape of terrorism is changing and insurers must focus on its new risks.
  
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• Shell/ExxonMobil Firm Held Liable by Dutch Court for ‘Psychological Suffering’

  02-03-2017 13:25
  
  A Dutch court has ruled that an energy company jointly owned by Shell and ExxonMobil is liable for the psychological suffering of residents in the north of the country whose homes have been damaged by small earthquakes caused by gas …
  
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• XL Catlin Launches Five Financial Institutions Insurance Solutions in Iberia - Insurance Journal

  02-03-2017 13:00
  
  XL Catlin Launches Five Financial Institutions Insurance Solutions in Iberia
  Insurance Journal
  XL Catlin's insurance operation in Iberia announced that it is launching five new insurance solutions for financial institutions. The coverage is for directors & officers liability, civil liability, comprehensive crime, private equity / venture capital ...
  
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• XL Catlin Launches Five Financial Institutions Insurance Solutions in Iberia

  02-03-2017 13:00
  
  XL Catlin’s insurance operation in Iberia announced that it is launching five new insurance solutions for financial institutions. The coverage is for directors & officers liability, civil liability, comprehensive crime, private equity / venture capital liability and investment management. “Spain’s …
  
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• Owner of Northern Illinois Insurance Agency Charged with Defrauding Clients - Insurance Journal

  02-03-2017 12:49
  
  Insurance Journal
  Owner of Northern Illinois Insurance Agency Charged with Defrauding Clients
  Insurance Journal
  The owner of a Rockford, Illinois-based managing general agency that last year had its license revoked or non-renewed by two separate state insurance departments has been indicted by a federal grand jury for mail and insurance fraud. The U.S. Attorney ...
  
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• Des Plaines mayoral candidates clash over health insurance for elected officials - Chicago Daily Herald

  02-03-2017 12:26
  Chicago Daily Herald
  Des Plaines mayoral candidates clash over health insurance for elected officials
  Chicago Daily Herald
  Des Plaines mayoral candidates are sparring over whether elected officials should collect taxpayer-funded health insurance benefits -- an ongoing disagreement among city council members for more than a year. Mayor Matt Bogusz sharply criticized ...
  
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• Chile-Based Broker Lilienfeld Names Rossi as CEO, Succeeding Lilienfeld

  02-03-2017 12:16
  
  Lilienfeld Corredores de Seguros has named Claudio Rossi as its next chief executive officer. He succeeds Renato Lilienfeld, who has been CEO since 1986. Lilienfeld will continue as chairman, working closely with Rossi to continue positioning the company as a …
  
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• Many Ontario Drivers Don't Recognize Insurance Fraud's Effects on Premiums - Insurance Journal

  02-03-2017 11:50
  
  Many Ontario Drivers Don't Recognize Insurance Fraud's Effects on Premiums
  Insurance Journal
  A recent survey of Ontario, Canada drivers raises concerns about their ability to recognize, and therefore reject and report, auto insurance fraud. The survey conducted by Ipsos for the Financial Services Commission of Ontario (FSCO) asked a series of ...
  
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• Many Ontario Drivers Don’t Recognize Insurance Fraud’s Effects on Premiums

  02-03-2017 11:50
  
  A recent survey of Ontario, Canada drivers raises concerns about their ability to recognize, and therefore reject and report, auto insurance fraud. The survey conducted by Ipsos for the Financial Services Commission of Ontario (FSCO) asked a series of questions to gauge drivers’ knowledge and …
  
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• Thinking millennial: How to woo the largest generation

  02-03-2017 11:30
  
  Millennials are the largest generation in American history. How will you gain their business?
  
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• Level of Cyber Risk Management for Many Firms Is ‘Unsustainable’: Swiss Re

  02-03-2017 10:52
  
  Despite increased awareness of rapidly evolving cyber threats, relatively few corporations have integrated cyber security into their mainstream risk management programs – a situation that is “unsustainable,” according to Swiss Re’s latest “sigma” report. The costs of cyber attacks have …
  
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• Trump’s ‘America First’ Trade Policy Overlooks America’s Exports of Services

  02-03-2017 07:00
  
  One thing that’s often missed in President Donald Trump’s complaints about the U.S. trade deficit is America’s $248 billion surplus in exports of services like education, financial services and software. Microsoft Corp., Goldman Sachs Group and FedEx Corp. are all …
  
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• Judge Dismisses 15-Year Case Against UBS Over Enron Collapse

  02-03-2017 07:00
  
  A federal judge in Houston has thrown out a lawsuit accusing UBS Group AG of hiding fraud by its client Enron Corp. from retail customers, a decision that may end a 15-year legal battle stemming from the energy company’s December …
  
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• Court Throws Out $530 Million Smartflash Patent Verdict Against Apple

  02-03-2017 07:00
  
  A federal appeals court has thrown out a jury verdict that had originally required Apple Inc. to pay $533 million to Smartflash LLC, a technology developer and licenser that claimed Apple’s iTunes software infringed its data storage patents. The trial …
  
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• Insurance Agency Manager McVey Named West Virginia Insurance Commissioner - Insurance Journal

  02-03-2017 06:28
  
  Insurance Journal
  Insurance Agency Manager McVey Named West Virginia Insurance Commissioner
  Insurance Journal
  West Virginia Gov. Jim Justice, who was elected this past November, has appointed BB&T Insurance Agency Manager Allan L. McVey to serve as West Virginia's Insurance Commissioner, effective April 1. McVey has been active in the industry since 1969 ...
  
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• Insurance Agency Manager McVey Named West Virginia Insurance Commissioner

  02-03-2017 06:28
  
  West Virginia Gov. Jim Justice, who was elected this past November, has appointed BB&T Insurance Agency Manager Allan L. McVey to serve as West Virginia’s Insurance Commissioner, effective April 1. McVey has been active in the industry since 1969 when …
  
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• 5 reasons why auto accidents are on the rise

  02-03-2017 06:01
  
  According to the National Safety Council, traffic deaths increased 6 percent to 40,200 — the first time since 2007 that more than 40,000 have died in motor vehicle crashes in a single year.
  
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• XL Catlin Launches Kidnap, Ransom & Extortion Endorsement for Aviation Program

  02-03-2017 06:00
  
  XL Catlin has added a kidnap, ransom & extortion (KRE) crisis endorsement to its general aviation insurance coverage for pilots, aircraft carriers and other aviation companies address global travel safety concerns. With limits of liability up to $1 million, XL Catlin’s …
  
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