Insurance news

• Canada’s OutsideIQ & SAP Ariba Partner to Assess Risk, Compliance

  13-03-2017 18:17
  
  OutsideIQ, a Canadian startup which uses cognitive computing to analyze data, is partnering with the world’s largest business commerce network, SAP Ariba , to help corporations quickly screen vendors for risk and regulatory compliance, they said. Companies spend a significant …
  
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• 6 Texas Counties Declared Disaster Areas Following Wildfires

  13-03-2017 17:43
  
  Six counties in the Texas Panhandle have been declared disaster areas by Gov. Greg Abbott following the deadly wildfires that swept through the area on March 6 – 7 burning more than 440,000 acres. Abbott’s March 11 declaration helps clear …
  
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• Amid Tight State Budget, Wisconsin Towns Converting Blacktop Roads to Gravel

  13-03-2017 17:37
  
  Officials in small Wisconsin towns say construction costs and budget cuts in the state government have caused them to convert their blacktop roads to gravel. State funding for local governments in the form of municipal aid has been cut over …
  
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• Was Student Who Sold Insurance Firm's Products an Employee? - Bloomberg BNA

  13-03-2017 17:30
  
  Was Student Who Sold Insurance Firm's Products an Employee?
  Bloomberg BNA
  The most comprehensive resource available for payroll professionals. This service provides payroll news, white papers, custom research answers, webinars on the hottest payroll topics, survey and research reports, in addition to access to Bloomberg BNA ...
  
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• Workers’ Comp Insurance Costs in Arkansas Going Down

  13-03-2017 17:23
  
  Arkansas Insurance Commissioner Allen Kerr has approved a decrease in workers’ compensation cost of 8.4 percent in overall loss in the voluntary market and a 10.6 percent rate decrease in overall average assigned risk, effective July 1. Kerr credits Act …
  
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• $300K Age Bias Verdict Against Wayne State Affirmed

  13-03-2017 17:11
  
  A longtime employee at Wayne State University in Detroit, Mich., who blamed her firing on age discrimination has won an appeal of a $300,000 verdict. Wayne State tried to have the verdict overturned, but it was affirmed by the Michigan …
  
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• Kansas Traffic Fatalities Increased by 22% in 2016

  13-03-2017 17:06
  
  Kansas recorded a 22 percent increase in traffic fatalities in 2016 compared with the previous year, and one state trooper says distracted driving is the main reason. The Kansas Department of Transportation says 432 people died in traffic accidents in …
  
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• After Fiery Iowa Derailment, Safety Official Calls for Faster Rail Car Upgrades

  13-03-2017 17:03
  
  A federal safety official called on the rail industry to move faster to upgrade aging rail tankers following a fiery train derailment in rural Iowa that spilled ethanol into a creek and was still burning nearly two days after it …
  
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• Agency Cluster, Direct Access Insurance, Expands into Texas

  13-03-2017 17:00
  
  California-based Direct Access Insurance Services (DAIS) is opening up its cluster membership to independent property/casualty agencies in Texas. DAIS said it is appointing Texas agencies that are looking to improve market access, revenue and policy servicing resources. The current DAIS membership …
  
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• Suspect in Texas Mosque Fire Feared Muslims, Investigator Says

  13-03-2017 16:42
  
  A man suspected of burning down a Texas mosque believed its worshippers were terrorists and may have been looking for other mosques to target, authorities alleged during a hearing pertaining to an unrelated case against the man. Marq Vincent Perez, …
  
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• Georgia Supreme Court clarifies conditions plaintiffs can impose on insurers in settlement ‘agreement’

  13-03-2017 16:40
  
  Specific, time-limited actions are often an important part of settlement agreements. Can those actions include prompt payment of a claim?
  
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• Alliant Acquires Burkhardt Consulting in Idaho

  13-03-2017 16:21
  
  Alliant Insurance Services Inc. has acquired Coeur d’Alene, Idaho-based Burkhardt Consulting LLC. Burkhardt joins Alliant’s employee benefits group, with the firm continuing to service clients from its Coeur d’Alene office. Terms of the deal were not disclosed. Burkhardt Consulting provides a …
  
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• Wyoming to Protect Homeowners from Storm-Chasing Contractors

  13-03-2017 16:11
  
  Wyoming Gov. Matt Mead made his the 28th state to enact legislation designed to protect homeowners who have suffered damage as a result of a hailstorm from being victimized a second time by storm-chasing contractors. The move was applauded by …
  
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• MS Amlin Names XL Catlin’s Padilla as Senior U/W for Latin America

  13-03-2017 16:08
  
  MS Amlin has appointed Frank Padilla as senior international casualty underwriter, specializing in Latin America. Latin America is a strategically important region for MS Amlin and this appointment underlines its commitment to servicing clients locally, while continuing to develop opportunities …
  
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• Uber Settlement to Give California Drivers $1 Each Does Not Win Over Judge

  13-03-2017 16:06
  
  Uber Technologies Inc. failed to persuade a judge to approve a settlement offering 1.6 million California drivers an average of $1.08 each to dispense with alleged labor-code violations that their lawyer earlier claimed might have been worth billions of dollars. …
  
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• The Best Auto Insurance Companies for Military Families - Nasdaq

  13-03-2017 15:39
  
  Nasdaq
  The Best Auto Insurance Companies for Military Families
  Nasdaq
  If you are in the military, served in the military, or have a spouse or family member who was in or part of the military, you may qualify for some of best car insurance deals in the U.S. Here's a rundown of two major companies that ValuePenguin ...
  
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• Humana's Obamacare exit may leave thousands in Tennessee uninsured - CNN

  13-03-2017 15:39
  
  CNN
  Humana's Obamacare exit may leave thousands in Tennessee uninsured
  CNN
  (CNN) Melissa Nance was born and raised in Tennessee. But the native of Blount County, near Knoxville, says she'll move if she has to. "It's that or die," said Nance, 45. "So what else would you do?" Nance has an incurable form of cancer called chronic ...and more »
  
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• US insurance experts attend Bermuda Healthcare Forum - Yahoo Finance

  13-03-2017 15:33
  US insurance experts attend Bermuda Healthcare Forum
  Yahoo Finance
  HAMILTON, Bermuda, March 13, 2017 (GLOBE NEWSWIRE) -- More than 160 healthcare industry specialists will converge on Bermuda this week to hear world-class speakers and experts discuss risk-management trends and challenges facing healthcare ...and more »
  
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• MIDEAST STOCKS-Dubai's Shuaa, GFH jump on merger hopes; insurance, banks hit Saudi - Nasdaq

  13-03-2017 15:20
  
  Nasdaq
  MIDEAST STOCKS-Dubai's Shuaa, GFH jump on merger hopes; insurance, banks hit Saudi
  Nasdaq
  ... * Saudi index pulls back in final hour * Insurance sector very volatile * Qatar, Abu Dhabi underperform * Egypt's Pioneers jumps after approval to offer GDRs * Telecom Egypt drops on net loss in Q4 By Celine AswadDUBAI, March 13 (Reuters ...and more »
  
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• What’s Been Happening with Commercial Insurance Prices: Willis Towers Watson

  13-03-2017 15:07
  
  Most commercial insurance prices in the U.S. were nearly flat during the fourth quarter of 2016, although prices continued to go up for commercial auto. The most recent Commercial Lines Insurance Pricing Survey (CLIPS) from brokerage and advisory firm Willis …
  
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• Six Arrested in $900K Insurance Fraud Scheme Involving 30 Virginia Fires - Insurance Journal

  13-03-2017 14:44
  
  Six Arrested in $900K Insurance Fraud Scheme Involving 30 Virginia Fires
  Insurance Journal
  Virginia prosecutors say six people have been arrested for their alleged roles in an insurance fraud scheme that involved setting 30 fires. Federal prosecutors say the defendants over the course of 16 years set fire to homes, trailers, mobile homes and ...and more »
  
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• Six Arrested in $900K Insurance Fraud Scheme Involving 30 Virginia Fires

  13-03-2017 14:44
  
  Virginia prosecutors say six people have been arrested for their alleged roles in an insurance fraud scheme that involved setting 30 fires. Federal prosecutors say the defendants over the course of 16 years set fire to homes, trailers, mobile homes …
  
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• Pennsylvania Sues IBM Over $170M Jobless Claims Contract

  13-03-2017 14:40
  
  Pennsylvania Gov. Tom Wolf’s administration sued International Business Machines Corp. on Thursday, saying the company failed to deliver on a 2006 contract to replace an outdated system of processing unemployment claims. The lawsuit said the technology and consulting giant was …
  
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• Slice and Digital Partners Win the Insurance Technology Association's Bridge Award - Yahoo Finance

  13-03-2017 14:34
  Slice and Digital Partners Win the Insurance Technology Association's Bridge Award
  Yahoo Finance
  Slice Labs Inc., a technology startup with on-demand insurance products to support the on-demand economy, and Digital Partners, a Munich Re company, have won the Insurance Technology Association's Bridge Award. The Bridge Award is given annually ...and more »
  
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• West Virginia Attorney General Settles with Car Dealer

  13-03-2017 14:31
  
  West Virginia’s attorney general has reached a court settlement with a Cabell County used car dealer requiring he stand behind warranties, post unaltered buyer’s guides and ensure each vehicle sold will pass state safety inspection. It requires owner Shawn Dunfee …
  
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• Travelers to Buy UK-Based Simply Business for $490M

  13-03-2017 14:31
  
  The Travelers Cos. Inc. announced it has agreed to acquire Simply Business from Aquiline Capital Partners LLC for approximately $490 million, which includes the repayment of debt and other obligations at closing. Operating since 2005, Simply Business is a leading …
  
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• Eight Accused of Staging Accidents in Northern West Virginia

  13-03-2017 14:23
  
  Eight northern West Virginia residents have been indicted on charges that they staged vehicle accidents in order to file false insurance claims. Prosecutors say the eight were indicted Tuesday on mail fraud charges in federal court in Clarksburg. According to …
  
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• Hylant Names Boone President of Orlando Office

  13-03-2017 14:10
  
  Hylant, one of the nation’s largest privately owned insurance brokerage firms, has named Brian Boone president of its Orlando, Fla., location, effective April 10. From 2009 to 2013, Boone held the role of employee benefits client executive at Hylant. He …
  
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• The Morning Brief: Health Insurance Costs, Holi Festival and Tyra Banks - TIME

  13-03-2017 13:42
  
  TIME
  The Morning Brief: Health Insurance Costs, Holi Festival and Tyra Banks
  TIME
  The Congressional Budget Office is set to release its cost projections as soon as today for the Republicans' proposed replacement for the Affordable Care Act. Republicans are bracing for a report that's expected to predict millions of Americans would ...
  
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• Alphabet Adds New Patent Infringement Claim to Suit Against Uber

  13-03-2017 13:35
  
  Alphabet Inc.’s self-driving car unit Waymo on Friday added a new patent claim to its intellectual property lawsuit against Uber Technologies Inc. and requested a preliminary injunction to stop the ride-sharing service from using what it says is proprietary information, …
  
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• ‘Globesity’ Reaches Pandemic Levels: Aetna International Report

  13-03-2017 13:30
  
  Urgent action is required to limit the global fallout from rising obesity levels, according to a report published by health insurance provider Aetna International. Aetna International said it analyzed data from the World Health Organization (WHO), the United Nations, governments …
  
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• NJM Partners with American Modern to Offer Enhanced Collector Car Insurance - Insurance Journal

  13-03-2017 11:11
  
  NJM Partners with American Modern to Offer Enhanced Collector Car Insurance
  Insurance Journal
  NJM Insurance Company has announced an expanded partnership with American Modern Insurance Group for coverage available in New Jersey and Pennsylvania. American Modern offers comprehensive collector car insurance policies. In addition to ...
  
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• NJM Partners with American Modern to Offer Enhanced Collector Car Insurance

  13-03-2017 11:11
  
  NJM Insurance Company has announced an expanded partnership with American Modern Insurance Group for coverage available in New Jersey and Pennsylvania. American Modern offers comprehensive collector car insurance policies. In addition to agreed value loss settlement, which protects against depreciation, …
  
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• 3 things other states do right on insurance regs that Pa. could do too - Philly.com

  13-03-2017 11:10
  
  Philly.com
  3 things other states do right on insurance regs that Pa. could do too
  Philly.com
  We wrote a week or so ago about fixed index annuities and lax insurance regulation in Pennsylvania (as overseen by Insurance Commissioner Teresa Miller, who hasn't yet given us an interview). The commonwealth is about one of the easiest places in the ...
  
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• What insurance agents should know about kidnap and ransom coverage - PropertyCasualty360

  13-03-2017 11:00
  
  What insurance agents should know about kidnap and ransom coverage
  PropertyCasualty360
  Executives and their families abroad are vulnerable to kidnap and ransom, but the policies have some exclusions. Mar 13, 2017 | By Christine G. Barlow CPCU. Email; LinkedIn; Twitter; Facebook; Google+. Share This Story. Kidnapping remains a problem ...
  
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• What insurance agents should know about kidnap and ransom coverage

  13-03-2017 11:00
  
  Being kidnapped isn't something most people consider to be a hazard, and generally they give it no thought. However, it is a serious risk in many parts of the world.
  
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• Volcano claims and coverage

  13-03-2017 11:00
  
  What coverage applies when a volcano erupts?
  
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• Here's how to recognize flood risks before they become a claim

  13-03-2017 11:00
  
  Don't let these threats increase the chance of water damage to your home.
  
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• What local officials and insurers can learn from the Oroville Dam crisis

  13-03-2017 10:30
  
  Aging infrastructure, if not maintained, can have a significant impact on catastrophe losses, business interruption and lost tax revenue.
  
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• Would 'Trumpcare,' the GOP replacement for Obamacare, allow insurance executives to 'make millions'? - PolitiFact

  13-03-2017 10:12
  
  PolitiFact
  Would 'Trumpcare,' the GOP replacement for Obamacare, allow insurance executives to 'make millions'?
  PolitiFact
  The Republican bill to replace Obamacare, supported by President Donald Trump, contains a provision that would be a financial boon to multimillionaire health care executives, says U.S. Sen. Tammy Baldwin, D-Wis. U.S. Sen. Tammy Baldwin greeted the ...
  GOP can't keep its story straight on taking people's insurance awayMSNBC
  Trump touted insurance sales across state line
  
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• Fairfax Financial to Pay More Cash, Less Stock, for Allied World

  13-03-2017 09:45
  
  Toronto-based insurance group Fairfax Financial Holdings Ltd. said it would increase the cash component of its offer to buy Allied World Assurance Co. Holdings AG by $18 per share. The increase in the cash component of the offer would reduce …
  
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• UK’s Terrorism Reinsurer, Pool Re, Plans to Extend Cover to Include Cyber

  13-03-2017 09:29
  
  Britain’s 6 billion pounds ($7.3 billion) terrorism reinsurance fund hopes to extend its cover to include cyber attacks on property, chief executive Julian Enoizi said. Pool Re, set up in 1993, acts as a backstop to insurers paying out claims …
  
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• Bills requiring insurance companies to help fund wigs for children heading to the House & Senate - WXYZ

  13-03-2017 08:13
  
  WXYZ
  Bills requiring insurance companies to help fund wigs for children heading to the House & Senate
  WXYZ
  WXYZ - On Tuesday, March 14, three bills designed to support children struggling with hair loss as a result of chemotherapy, will be reintroduced in the Michigan House and Senate. If passed, the House and Senate bills would require insurance companies ...
  
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• AARP Wisconsin: "Age Tax" For Health Insurance Unfair - Public News Service

  13-03-2017 08:03
  
  Public News Service
  AARP Wisconsin: "Age Tax" For Health Insurance Unfair
  Public News Service
  AARP opposes a bill that would allow insurance companies to charge older workers much higher premiums. (monkeybusinessimages/iStockphoto). March 13, 2017. MADISON, Wis. – Under the new Republican healthcare plan, insurance companies would ...and more »
  
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• Letter: Profit-driven insurance hurts US - Quad City Times

  13-03-2017 07:44
  Washington Examiner
  Letter: Profit-driven insurance hurts US
  Quad City Times
  We are the only industrialized nation without full health coverage for its citizens. Other nations handle health care with either socialized, subsidized or not-for-profit plans, and they all spend far less than the U.S.. While the Affordable Care Act ...
  Trump touted insurance sales across state lines: Not likely to happenWashington Examiner
  Would 'Trumpcare,' the GOP replacement for Obamacare, allow insurance executiv
  
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• Top 10 Highest-Performing Large Commercial Insurers: J.D. Power

  13-03-2017 06:00
  
  XL Catlin was 2016’s highest-performing large commercial insurer in terms of customer satisfaction, according to the latest J.D. Power study. CNA, Chubb, Berkshire Hathaway Homestate Companies and a pre-merger ACE (which acquired Chubb) rounded out the top 5. Those designations …
  
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• Automakers Recalled Record 53 Million Vehicles in U.S. in 2016

  13-03-2017 06:00
  
  Automakers recalled a record 53.2 million vehicles in 2016 in the United States after a massive expansion of the callback to replace Takata Corp. air bag inflators, the U.S. Transportation Department said on Friday. Under aggressive enforcement by the Obama …
  
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• Blame insurance industry profiteering, not the ACA - The Intelligencer

  13-03-2017 05:19
  
  Blame insurance industry profiteering, not the ACA
  The Intelligencer
  I'm responding to a Feb. 26 letter from Ross Schriftman. Mr. Schriftman, who described himself as a health insurance agent, was urging the immediate repeal of the Affordable Care Act on the grounds that all of his clients saw large rate increases ...
  
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