Insurance news

• LP Insurance in Nevada Adds Peitz, Ruiz, Pierce

  06-03-2017 23:47
  
  RENO, Nev.-based LP Insurance Services Inc. has added Steve Peitz, Carlos Ruiz and Loren Pierce at risk management consultants. Peitz was previously a safety specialist at Panasonic Energy North America, and an assistant safety director at Q&D Construction Inc. before …
  
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• Who's using what in the insurance industry: March 6, 2017

  06-03-2017 20:30
  
  News from Chubb, Lockton, Safety National and more.
  
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• Researchers Claim High Accuracy in Understanding Terrorists’ Next Moves

  06-03-2017 20:00
  
  Government agencies are not always successful using social media and telecommunication to uncover the intentions of terrorists because terrorists are now more careful in utilizing these technologies for planning and preparing for attacks. But  researchers at Binghamton University, State University …
  
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• Deadly Bird Flu Found at Tennessee Chicken Farm That Supplies Tyson

  06-03-2017 20:00
  
  A deadly form of bird flu has been confirmed in a southern Tennessee operation that supplies Tyson Foods Inc. with chickens, marking the first U.S. case at a commercial farm this year and prompting South Korea to ban imports of …
  
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• NorCal Insurance in California Joins Leavitt Group

  06-03-2017 19:38
  
  NorCal Insurance in California has merged operations with Leavitt United Insurance Services. Rich Hansen remains with the agency as a commercial agent. In addition to servicing his commercial clients, Hansen will mentor and coach other producers in the agency. NorCal …
  
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• Fidelis Insurance Appoints Patel as CFO Successor to McConachie

  06-03-2017 18:19
  
  Fidelis Insurance announced that Hinal Patel has been appointed to succeed Neil McConachie as group CFO, effective June 30, 2017, subject to regulatory and immigration approval. McConachie resigned for personal reasons earlier this year and after a comprehensive search Patel, …
  
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• Bird flu found at U.S. farm that supplies chickens to Tyson

  06-03-2017 18:19
  
  A deadly form of bird flu has been confirmed in a southern Tennessee operation that supplies Tyson Foods with chickens, marking the first U.S. case at a commercial farm this year and prompting South Korea to ban imports of American poultry.
  
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• IICF's Media Roundtable showcases its charitable contributions in 2016 and initiatives for 2017

  06-03-2017 17:45
  
  IICF's Media Roundtable brings its key partners together to reflect on their charitable success in 2016 and how they will have an even better story to tell in 2017.
  
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• Johnson & Johnson Wins Trial in Missouri Talc Product Liability Lawsuits

  06-03-2017 16:50
  
  Johnson & Johnson said that a state court jury in Missouri had returned a verdict in its favor in the latest trial to arise out of thousands of lawsuits alleging the company’s talc-based products can increase the risk of ovarian …
  
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• Wisconsin Shipyards Company Working with OSHA After Worker Severely Burned

  06-03-2017 16:48
  
  Fraser Shipyards Inc. says it’s working with a U.S. Occupational Safety and Health Administration investigation after a worker was burned last month. The incident occurred Feb. 6 while the worker was servicing a vessel in the Duluth-Superior Harbor. The worker …
  
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• Oil Companies Sued by Oklahoma Tribe Over Quake

  06-03-2017 16:44
  
  An Oklahoma-based Native American tribe filed a lawsuit in its own tribal court system Friday accusing several oil companies of triggering the state’s largest earthquake that caused extensive damage to some near-century-old tribal buildings. The Pawnee Nation alleges in the …
  
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• Alliant Names Nowak First Vice President in Louisiana

  06-03-2017 16:41
  
  Alliant Insurance Services Inc. has named Jan Nowak first vice president Nowak has more than 37 years of insurance brokerage experience and extensive knowledge of marine-related exposures. She has worked with vessel operators, shipyards and other connected industries. She was …
  
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• Iowa Researchers Say Big Data May Be Answer to Improve Trucking Safety

  06-03-2017 16:37
  
  Helping drivers avoid congestion would increase productivity and improve safety, according to a team of Iowa State University and industry researchers, who believe a solution is using big data technology. The challenge is finding the most effective way to share …
  
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• Space Heater Caused Oregon Fire That Killed 4 Kids, Official Says

  06-03-2017 16:30
  
  A house fire in rural Oregon that killed four children and critically burned three other family members started with a portable space heater that was being used after a fireplace malfunctioned, a volunteer fire chief said. Combustible materials placed too …
  
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• California’s Troubled Oroville Dam Gets Power Plant Restart

  06-03-2017 16:27
  
  Crews began restarting a power plant at the base of Oroville Dam, allowing them to release water from the Northern California lake without having to send it over a badly damaged spillway, officials said. The move is a major milestone …
  
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• Smoke Inhalation Cause of Death of All 36 Victims Oakland Warehouse Fire

  06-03-2017 16:23
  
  Investigators say smoke inhalation killed all 36 victims of a fire at a party at an Oakland warehouse. The Alameda County coroner confirmed the causes of death Friday for the Dec. 2 fire at the warehouse and artists’ colony known …
  
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• Suit Filed in California Says Kona Co. Dupes Those Seeking Hawaii-Made Beer

  06-03-2017 16:20
  
  A class-action lawsuit says Kona Brewing Co. leads customers to believe they are buying made-in-Hawaii beer. The lawsuit filed in California is against Craft Brew Alliance, which advertises, markets, distributes and sells the Kona brand. Craft Brew Alliance spokeswoman Jenny …
  
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• CoreLogic Names Martell CEO After Unexpected Passing of Nallathambi

  06-03-2017 15:08
  
  Global property information and data analytics company CoreLogic announced that Frank Martell has been named president and chief executive officer and appointed to the board of directors effective immediately, succeeding Anand Nallathambi, the company’s former president and CEO, who passed …
  
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• Private jet ownership: An opportunity for insurance agents and brokers to extend coverage to HNW clients [Infographic]

  06-03-2017 14:30
  
  As more high net worth clients acquire private jets across the globe, agents and brokers should ensure they have the correct coverage for their aviation needs.
  
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• Lloyd’s MGA, CFC Underwriting, Launches Cyber Incident Response App

  06-03-2017 14:28
  
  CFC Underwriting, the London-based specialist lines underwriting agency, announced the launch of a new cyber incident response application. The app allows policyholders to notify a claim with a click of a button and receive specialist support from CFC’s global cyber …
  
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• Progressive’s Flo Returns to Grab Business as Competitors Raise Rates

  06-03-2017 14:17
  
  Progressive Corp., the fourth-largest U.S. auto insurer, boosted spending on marketing this year to win customers after scaling back in the second half of 2016 when increased costs from car accidents threatened the company’s profit goals. “We’re excited to be …
  
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• Judge Clears Hartford Investment Unit in Excess Fees Case

  06-03-2017 14:00
  
  A federal judge in New Jersey recently dismissed a long-running lawsuit accusing Hartford Financial Services Group Inc.’s investment management unit of overcharging investors in six mutual funds, following a rare trial. U.S. District Judge Renee Bumb in Camden on Feb. …
  
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• New DEA Program Targets West Virginia Opioid Traffickers

  06-03-2017 13:05
  
  The U.S. Drug Enforcement Administration will spend $500,000 on a program that aims to curb prescription drug and heroin abuse across the state. DEA special Agent Karl Colder tells the Charleston Gazette-Mail the project, announced Wednesday, targets drug traffickers who supply …
  
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• School Buses in New Jersey Still Don’t Have Safety Sensors

  06-03-2017 13:00
  
  More than a year after a law was signed requiring them, child-detection sensors are still not installed on most new school buses because regulations on how to implement it have not been approved. Gov. Chris Christie signed Abigail’s Law in …
  
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• Florida judge uses unusually blunt language to deny motion to remand in insurance coverage case

  06-03-2017 13:00
  
  Read what a federal district court judge in Florida, becoming well-known for his unusually blunt opinions, said in refusing to remand an insurance coverage case.
  
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• Report Assesses Addiction Treatment Insurance in New Hampshire

  06-03-2017 12:53
  
  New Hampshire’s three biggest health insurers are largely in compliance in covering treatment for alcohol and drug addiction, and are committed to making changes when needed, state regulators said Thursday. The Department of Insurance began reviewing Anthem, Cigna and Harvard …
  
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• Consumer Reports to Add Cyber Security, Privacy to Product Rankings

  06-03-2017 12:49
  
  Consumer Reports, an influential U.S. non-profit group that conducts extensive reviews of cars, kitchen appliances and other goods, is gearing up to start considering cyber security and privacy safeguards when scoring products. The group, which issues scores that rank products …
  
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• New York’s Cybersecurity Rules: What Insurance Professionals Should Know

  06-03-2017 12:48
  
  The New York Department of Financial Services (DFS) has issued cybersecurity requirements for financial services companies (cyber rules) that went into effect March 1. The cyber rules, codified at 23 NYCRR §500, require insurance and insurance-related companies as well as …
  
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• London Market’s Placing Platform, PPL, Expands Offering with Marine Lines

  06-03-2017 12:22
  
  PPL, the London market’s electronic placing platform, announced that marine business is now available to be bound on the PPL platform. The platform began trading stand-alone terrorism risks in July 2016, and now writes political violence, financial and professional lines, …
  
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• Agents and advisors: Salespeople or problem solvers?

  06-03-2017 12:15
  
  Customers in any value-oriented sale are much more focused on solving their problems than acquiring your solutions.
  
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• 10 secrets to successful negotiations

  06-03-2017 12:00
  
  Emotions play a key role in influencing decisions whether we realize it or not.
  
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• Using technology to take a bite out of fraud

  06-03-2017 11:30
  
  Reducing fraudulent claims involves multiple strategies.
  
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• UK’s Pool Re Increases Reinsurance Cover to £2B ($2.5B)

  06-03-2017 10:58
  
  Pool Re announced it has increased its commercial reinsurance cover to £2 billion ($2.5 billion), compared with the £1.95 billion ($2.4 billion) of cover previously in place. The placement further distances the UK Treasury, and thus, ultimately, the UK taxpayer …
  
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• Chinese Watchdog Weighs Relaxing Rules for Big Insurers’ Overseas M&A

  06-03-2017 09:56
  
  China’s insurance regulator is considering an industry shake-up that could see the biggest and most solvent firms resuming an overseas expansion, while smaller, riskier insurers would come under tighter scrutiny. The plan being discussed would see the China Insurance Regulatory Commission (CIRC) move from …
  
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• BHSI Launches Accident & Health Solutions in Asia; Product Line Heads Named

  06-03-2017 09:22
  
  Berkshire Hathaway Specialty Insurance Co. (BHSI) announced it has introduced group personal accident, corporate travel and expatriate medical insurance in Singapore and Hong Kong. The company also named Kok Leong Koo as underwriting manager, Accident & Health, based in Singapore, …
  
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• Scotland’s Standard Life to Buy Aberdeen Asset Management for $4.7B

  06-03-2017 08:37
  
  Standard Life Plc, Scotland’s largest insurer, agreed to acquire Aberdeen Asset Management Plc for about 3.8 billion pounds ($4.7 billion), creating one of Europe’s biggest fund managers. Under the terms, which remain the same since talks were first revealed on …
  
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• Why Workers’ Compensation Is Needed Now More Than Ever: Report from WCRI Conference

  06-03-2017 07:03
  
  After decades of managing costs for employers, it’s time for workers’ compensation professionals and public policymakers to turn their attention to the needs of injured workers and think of themselves more as players in a broader safety net, workers’ compensation …
  
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• Why Workers’ Compensation Is Especially Needed Now: Report from WCRI Conference

  06-03-2017 07:03
  
  After decades of managing costs for employers, it’s time for workers’ compensation professionals and public policymakers to turn their attention to the needs of injured workers and think of themselves more as players in a broader safety net, workers’ compensation …
  
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• 2017 NU/PIA Agent Survey arrives: Producers' greatest challenges, favorite carriers revealed

  06-03-2017 06:01
  
  Flaspöhler, part of NMG Consulting, PIA and NU join forces to deliver an unparalleled study detailing the business of America's independent agents.
  
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• EPIC Adds Duhe to Southeast Region Benefits Practice

  06-03-2017 06:00
  
  EPIC Insurance Brokers & Consultants has added Richard Duhe to the firm’s Southeast Employee Benefits Consulting Practice in Atlanta as a benefits consultant and director of EPIC MobileEZ. Duhe has focused for 30 years on assisting clients in a wide range of industries with …
  
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• Alabama Scientists Studying Use of Maps to Avoid Storms

  06-03-2017 06:00
  
  “We didn’t know it was coming.” April Taylor heard that again and again, and she didn’t understand it. Taylor, a social scientist, was working on trauma recovery in DeKalb County in northeast Alabama following the April 27, 2011, tornado super …
  
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