Insurance news

• Hub International Acquires Texas-Based Tri-Star Insurance

  03-03-2017 22:39
  
  Hub International Limited (Hub) has acquired the assets of Tri-Star Insurance Professionals Inc. (Tri-Star) in Plano, Texas. Terms of the acquisition were not disclosed. Tri-Star specializes in personal lines and commercial lines insurance products and services.  Roger Harkins, principal, Tri-Star, will join …
  
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• Faulty Fire Sprinkler at Texas Library Damages Thousands of Books

  03-03-2017 22:20
  
  Workers at a North Texas library estimate more than 3,000 books have water damage after a fire sprinkler wrongly went off and flooded a first-floor area. The Wichita Falls Public Library reopened on March 2 amid cleanup and inventory to …
  
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• Complaining about higher auto insurance rates? Put down your cellphone - Chicago Tribune

  03-03-2017 18:33
  
  Chicago Tribune
  Complaining about higher auto insurance rates? Put down your cellphone
  Chicago Tribune
  A driver uses his cellphone in his car Dec. 2, 2016, along East Ohio Street in downtown Chicago. Insurers have been raising auto insurance premiums, citing distracted driving as causing a growing number of car collisions. (Erin Hooley / Chicago Tribune).and more »
  
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• Understanding Disability Insurance - wwlp.com

  03-03-2017 18:31
  
  wwlp.com
  Understanding Disability Insurance
  wwlp.com
  CHICOPEE, Mass. (Mass Appeal) Would you and your family be OK if you didn't collect a paycheck for months? Financial adviser Jamie Campbell walked us through Disability Insurance. What is it? Disability insurance- an income protection. When you are ...
  
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• Big-data disruption gets real for car insurers as U.K.'s O2 expands

  03-03-2017 18:13
  
  Telefonica SA’s O2 unit — one of the first mobile operators in Britain to offer car insurance — expanded its product line in February to include telematics boxes, which track people’s driving habits and can lead to cheaper premiums for youngsters.
  
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• Liberty Mutual’s Q4 Net Income Takes a Hit from Auto Liability Losses

  03-03-2017 17:13
  
  Liberty Mutual Holding Co.’s 2016 fourth quarter net income declined substantially, due mostly to higher U.S. personal and commercial auto liability losses. But the number was up for the full year. The insurer booked net income of $143 million for Q4, a drop of …
  
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• People on the move in the P&C insurance industry: March 3, 2017

  03-03-2017 17:05
  
  News from Origami Risk, Navigators Holdings Ltd., Integro Insurance Brokers and more.
  
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• PwC’s Oscars Screw-Up Could Risk Defense at MF Global Malpractice Trial

  03-03-2017 17:02
  
  PricewaterhouseCoopers LLP’s epic screw-up at the Oscars could carry a high cost if jurors arrive at a malpractice trial next week suspecting the global accounting firm is error-prone. Until a PwC accountant handed Warren Beatty the wrong envelope for the Best Picture …
  
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• Washington Man Wins $1.85M Judgment over Racial Abuse on Fishing Vessel

  03-03-2017 16:44
  
  Attorneys for a Hispanic man who worked on an Alaska fishing boat say he has won a $1.85 million settlement against his former employer, Seattle-based Alaska Longline, after he was subjected to relentless racial harassment. The Seattle Times reported 37-year-old …
  
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• Oregon Governor Warns Trump to Keep Hands off Oregon Legal Pot Business

  03-03-2017 16:42
  
  Oregon Gov. Kate Brown says the federal government should leave the state’s legal marijuana industry alone. Brown says that if the Trump administration makes a move against legalized recreational marijuana, it would be going against its own goals such as …
  
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• Billionaire from California Donates $5M to Help San Jose Flood Relief Efforts

  03-03-2017 16:38
  
  A California billionaire has donated $5 million for flood relief efforts in San Jose. Kieu Hoang is a one-time refugee from Vietnam who built a fortune in medical products. He presented a check to city officials this week. The money …
  
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• NTSB Launches Probe into Plane Crash Killing Ex-Mayor of Massachusetts Town

  03-03-2017 16:27
  
  The National Transportation Safety Board will look into the “man, the machine and the environment” as it investigates a plane crash that killed a former mayor and left the tail of the aircraft poking out of the roof of a …
  
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• Report: Overloaded Cars Caused Connecticut Train Derailment

  03-03-2017 16:22
  
  A new report says overloaded train cars caused a freight train derailment in Connecticut last year. Nine cars containing construction and demolition debris derailed in New Britain in December. Several businesses were evacuated and the state Department of Energy and …
  
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• XL Catlin & PGU to Offer EPLI Cover for Public Officials, Educators & Police

  03-03-2017 16:17
  
  XL Catlin’s insurance companies and Professional Governmental Underwriters Inc. (PGU) have entered into an underwriting agreement to offer public entity management and employment practices liability insurance (EPLI) to public officials, educators and law enforcement agencies in the US. Under the agreement, PGU …
  
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• UK Auto Insurers Face Disruption from Mobile Phone & Tech Companies

  03-03-2017 15:06
  
  Auto insurance may be on the brink of an incursion from mobile-phone and technology companies. Telefonica SA’s O2 unit — one of the first mobile operators in Britain to offer car insurance — expanded its product line in February to include …
  
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• Starkweather & Shepley Acquires Massachusetts' McGrath Insurance Group - Insurance Journal

  03-03-2017 15:05
  
  Starkweather & Shepley Acquires Massachusetts' McGrath Insurance Group
  Insurance Journal
  Starkweather & Shepley Insurance Brokerage Inc. (S&S), an East Providence, R.I.-headquartered independent insurance agency, has acquired the independent insurance agency McGrath Insurance Group, operating in Sturbridge and Spencer, Mass.
  
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• Starkweather & Shepley Acquires Massachusetts’ McGrath Insurance Group

  03-03-2017 15:03
  
  Starkweather & Shepley Insurance Brokerage Inc. (S&S), an East Providence, R.I.-headquartered independent insurance agency, has acquired the independent insurance agency McGrath Insurance Group, operating in Sturbridge and Spencer, Mass. “The goals for McGrath’s acquisition with Starkweather & Shepley are to …
  
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• London’s Uber Drivers Need to Pass English Language Tests, Court Rules

  03-03-2017 14:47
  
  Uber Technologies Inc. lost a ruling over London transport rules that require language tests for drivers, which could keep 40,000 people from joining the industry over the next three years. Judge John Mitting ruled in favor of Transport for London …
  
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• Confusing, Costly Cyber Policies Create Obstacles to Market Growth: Deloitte

  03-03-2017 14:24
  
  Despite the rising profile of cyber risks, buyers have failed to widely embrace cyber coverage. At the same time, insurers generally have remained cautious about writing the coverage on a large scale basis. A recent report published by accounting and …
  
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• Does Travel Insurance Really Cover You? Here's What You Need To Know. - Huffington Post

  03-03-2017 12:48
  
  Huffington Post
  Does Travel Insurance Really Cover You? Here's What You Need To Know.
  Huffington Post
  Every day, travelers try to match their itineraries and needs to an insurance policy. Often, it's an easy fit. But not always. After receiving a few thousand emails from curious readers, it got me thinking: Why isn't there an impartial, authoritative ...and more »
  
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• Top 10 surprising states with the most millionaires

  03-03-2017 12:00
  
  Curious which states have the most potential millionaire clients? According to new resarch, U.S. wealth is now more concentrated and shifting geographically.
  
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• Colleges, coeds & sexual assault: Does insurer have duty to defend negligence claim?

  03-03-2017 12:00
  
  The issues of safety and sexual assault on campus are important ones for colleges, even though they aren't often discussed. And when the college is sued for negligence, the insurance policy may exclude coverage.
  
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• Human, meet technology. Technology, meet human

  03-03-2017 11:30
  
  Using any technology is like riding a bike — comfort level grows with time. Thus, if you haven’t already, make technology your friend — because it’s here to stay.
  
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• Australia to Offer ‘World’s First’ University Course to Fight Cyber Crime

  03-03-2017 09:26
  
  Australia said on Friday it will offer the world’s first university course to train intelligence analysts to fight cyber crime, prompted by innovative methods of money transfer among organized crime and militant groups. The measure expands on Prime Minister Malcolm Turnbull’s attempts …
  
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• White Mountains Names Rountree as CEO, Replacing Barrette Who Is Retiring

  03-03-2017 09:12
  
  Bermuda-based White Mountains Insurance Group Ltd. announced the election of Manning Rountree as chief executive officer, effective immediately, succeeding Ray Barrette, who is retiring. Rountree has also been elected to the company’s board of directors. Barrette also retired as chairman and …
  
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• Generali Plans to Sell Dutch Operations, Sources Say

  03-03-2017 08:45
  
  Italy’s biggest insurer Generali has hired BNP Paribas to sell its Dutch business as part of a plan to cut costs in weaker markets and boost profits, sources told Reuters. Generali, which generates most of its revenues and earnings in …
  
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• EU Nations May Be Competing ‘Unfairly’ to Attract UK Firms After Brexit

  03-03-2017 08:38
  
  The European Union’s market watchdog is investigating ways to stop national regulators competing unfairly with each other as they try to attract firms from Britain after Brexit in a beauty parade of financial centers. The European Securities and Markets Authority …
  
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• EU Nations May Be Competing ‘Unfairly’ to Attract UK Finance Firms After Brexit

  03-03-2017 08:38
  
  The European Union’s market watchdog is investigating ways to stop national regulators competing unfairly with each other as they try to attract firms from Britain after Brexit in a beauty parade of financial centers. The European Securities and Markets Authority …
  
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• Whistleblower Loses Out on $864M Moody’s Ratings Settlement

  03-03-2017 07:00
  
  A federal judge on Thursday dismissed a whistleblower lawsuit by a former Moody’s Investors Service managing director and said he deserves none of the $863.8 million that Moody’s agreed to pay to settle claims it inflated mortgage ratings prior to …
  
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• 2017 Florida Insurance Legislation to Watch - Insurance Journal

  03-03-2017 06:05
  
  2017 Florida Insurance Legislation to Watch
  Insurance Journal
  The Florida insurance market has been a hotbed of controversy over the last year, and many are looking at the Florida State Legislature to alleviate some of the concerns coming from consumers, businesses and the industry itself. From insurance fraud to ...
  
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• 5 trends and factors that continue to impact cybersecurity in 2017

  03-03-2017 06:01
  
  Despite the publicity security breaches receive and the warnings consumers hear, cyber criminals still achieve success — and they’re becoming more brazen than ever.
  
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• 5 trends and factors that continue to impact cyber security in 2017

  03-03-2017 06:01
  
  Despite the publicity security breaches receive and the warnings consumers hear, cyber criminals still achieve success — and they’re becoming more brazen than ever.
  
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• The Hilb Group Acquires Charlotte Insurance of North Carolina

  03-03-2017 06:00
  
  The Hilb Group, LLC (THG) has acquired Charlotte Insurance, located in Charlotte, N.C. The transaction became effective Feb. 1, 2017. Founded in 1992, Charlotte Insurance is one of the largest locally owned property & casualty insurance providers for businesses and …
  
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• Ironshore Adds Endorsement to Address On-Campus Violence, Natural Disasters

  03-03-2017 06:00
  
  Ironshore Specialty Casualty’s Public Entity division has introduced a policy extension offering institutions of higher education an automatic endorsement for expenses related to natural or man-made incidents, including active shooter and weapon wielding incidents, impacting campus operations. Ironshore’s new Campus …
  
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• Integro Appoints Atlanta-Based Price to Lead Global Sport Team

  03-03-2017 06:00
  
  International broker and risk management firm Integro Insurance Brokers has promoted Mike Price to lead its global Sport team. The Atlanta-based Price will lead strategy and continued development of the sport division, and work closely with the management teams in …
  
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• Death of West Virginia Miner Under Investigation

  03-03-2017 06:00
  
  Authorities are investigating a miner’s death in McDowell County, W. Va., at an operation owned by Gov. Jim Justice. Patrick Graham, vice president for Southern Coal Corp., says a worker at its Bishop Preparation plant near Squire died shortly before …
  
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• 2017 Florida Insurance Legislation to Watch

  03-03-2017 06:00
  
  The Florida insurance market has been a hotbed of controversy over the last year, and many are looking at the Florida State Legislature to alleviate some of the concerns coming from consumers, businesses and the industry itself. From insurance fraud …
  
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• Peter Guber Sues Insurance Broker over Stolen Bronze Head | Variety - Variety

  03-03-2017 03:44
  
  Variety
  Peter Guber Sues Insurance Broker over Stolen Bronze Head | Variety
  Variety
  It's been three years since Peter Guber lost a Roman bronze head, and the mogul is still looking for payback. On Thursday, Guber filed a lawsuit against Abacus ...and more »
  
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• Wilson man charged with insurance fraud - The Wilson Times (subscription)

  03-03-2017 02:34
  
  The Wilson Times (subscription)
  Wilson man charged with insurance fraud
  The Wilson Times (subscription)
  A Wilson man is accused of faking involvement in a car crash in an attempt to swindle an insurance company. Antonio Dequank Applewhite, 39, of 1710 Dartmore Drive, was arrested last month on one count each of insurance fraud, attempting to obtain ...
  
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• Iowa Workers’ Comp Bill Limits Job Injury Claims, Unions Say

  03-03-2017 02:32
  
  Dozens of public workers gathered on March 1 at the Iowa Capitol in opposition to a bill that would reduce compensation for getting injured on the job, just weeks after legislators voted to severely limit their collective bargaining rights. The …
  
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• Republicans in Indiana Warn of Fallout from Affordable Care Act Repeal

  03-03-2017 02:28
  
  Republican legislative leaders in Indiana are warning that repealing the Affordable Care Act could unravel a program for poor residents that Vice President Mike Pence implemented as governor, a conservative blueprint for expanding Medicaid under the federal law. Indiana House …
  
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• Firefighters Gaining on Control of 2 Large Texas Wildfires

  03-03-2017 02:25
  
  Firefighters have more fully contained two large wildfires in West Texas, including one that destroyed four homes and prompted the evacuation of nearly 1,200 others. Texas A&M Forest Service spokesman Phillip Truitt said March 1 that a fire in Swisher …
  
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• Manufacturing Boosting Midwest Economy, Survey Finds

  03-03-2017 02:23
  
  Results from a monthly survey of business supply managers suggest that manufacturing is boosting economic conditions in nine Midwest and Plains states, according to a report issued on March 1. The Mid-America Business Conditions Index report said the overall economic …
  
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• Workers’ Compensation Could Pay If Obamacare Replacement Falls Short

  03-03-2017 02:19
  
  The workers’ compensation system could end up feeling some pain if changes to health care and other social insurance programs by Congress and the Trump Administration mean some Americans lose benefits, workers’ compensation professionals were told on Thursday. Replacing Obamacare, …
  
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• Businesses line up against Patrick's insurance bill - Waco Tribune-Herald

  03-03-2017 02:14
  
  TIME
  Businesses line up against Patrick's insurance bill
  Waco Tribune-Herald
  AUSTIN — Major business interests are lining up against one of Lt. Gov. Dan Patrick's top priorities — a bill that would make it harder for Texans to force their insurance companies to pay up when calamity strikes. Patrick and his allies say the bill ...
  Bill to prohibit 'wrongful birth' lawsuits unanimously passes Texas Senate panelDallas News
  Texas Lawmakers Advance Bill That Would Allow Doctors to Lie to
  
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• Texas Businesses Line Up Against Lt. Governor’s High-Priority Insurance Bill

  03-03-2017 01:45
  
  Major business interests are lining up against one of Lt. Gov. Dan Patrick’s top priorities — a bill that would make it harder for Texans to force their insurance companies to pay up when calamity strikes. Patrick and his allies …
  
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• Nationwide Says Extreme Weather is Leading to Bigger Claims

  03-03-2017 01:39
  
  More extreme weather has led to more extreme insurance claims in the U.S. over the past few years. In a review of more than 100,000 commercial catastrophe claims during a 10-year period, Mark A. Anderson, a claims executive at Nationwide …
  
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