Insurance news

• Hub Names Ryan Employee Benefits Market Leader in Northern California

  14-03-2017 18:32
  
  Hub California has named John Martin Ryan employee benefits market leader for Northern California. Ryan is responsible for managing and overseeing Northern California employee benefit producers, recruiting employee benefits producers and leading client servicing teams. He will be based in …
  
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• Texas Bill Banning Texting While Driving Statewide Goes to Senate

  14-03-2017 17:43
  
  A bill that passed the Texas Senate State Affairs Committee on March 13 aims to restrict texting while driving statewide. While several cities already have ordinances that restrict texting while behind the wheel, SB 31 by state Sen. Judith Zaffirini …
  
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• Parts of West Virginia Under Winter Storm Warning

  14-03-2017 17:38
  
  Warnings have been posted in much of West Virginia for up to a foot of snow from a late-season storm. The National Weather Service said snow was expected to start Monday night and last in some places through early Wednesday. …
  
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• Everest Introduces New Environmental Policy Form with $10M in Capacity

  14-03-2017 17:28
  
  Everest Insurance has expanded its environmental offering with the new Everest Environmental Apex policy form, which provides up to $10 million in capacity in a lead or excess position with the ability to schedule general liability, auto, employers liability, contractors …
  
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• Many Still Reeling from NW Louisiana Flood a Year Later

  14-03-2017 17:21
  
  Floods a year ago took everything from Vivian, La., resident Gwen Smith. “I lost my home completely,” she said. Before the flood hit on March 9, 2016, Smith had lived most of her adult life in the mobile home. For …
  
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• Allianz Promotes Donavan to Global Head of Cyber

  14-03-2017 17:15
  
  Allianz Global Corporate & Specialty SE announced a change in its global cyber leadership team. Emy R. Donavan is being promoted to global head of Cyber, reporting to Bernard Poncin, global head of Financial Lines at AGCS. Donavan, who is …
  
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• McKinney Joins EPIC Insurance’s Ascende Unit in Houston

  14-03-2017 17:12
  
  Gary C. McKinney has joined EPIC Insurance Brokers & Consultants’ Southwest Region Employee Benefits Consulting Practice in Houston, Ascende – an EPIC Company, as business development manager. McKinney began his career in human resource leadership positions with Schlumberger Ltd. and Compaq Computer …
  
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• Strack Promoted to Senior VP in XL Catlin’s Midwest Division

  14-03-2017 17:08
  
  XL Catlin has promoted Angie Strack to senior vice president and underwriting manager for its Global Risk Management division’s North Central Region. Strack will manage and develop XL Catlin’s U.S. risk management business, customizing casualty programs, including workers compensation, general …
  
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• Toledo, Ohio, to Allow Golf Carts on Downtown Streets

  14-03-2017 17:06
  
  An Ohio city is going to allow golf carts and other low-speed vehicles on downtown streets and two residential neighborhoods. Toledo’s city council approved the plan and, starting in April, drivers who are at least 16 and hold a valid …
  
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• Ohio Reminds Farmers of March 15 Crop Insurance Deadline

  14-03-2017 17:04
  
  Ohio Lieutenant Governor Mary Taylor has issued a reminder to Ohio farmers that the deadline to purchase or modify certain insurance coverage for spring-planted crops is March 15. “Farmers should contact an agent if they have not already addressed their …
  
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• Liability Risk Modeling Tool Launched by Lloyd’s and AIR’s Arium

  14-03-2017 16:52
  
  Lloyd’s and modeling company Arium have launched a tool designed to enable insurers and reinsurers to model liability exposure probabilistically across their entire portfolios, Lloyd’s has announced. “The new approach categorizes casualty events based on a company’s business activities – …
  
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• Demolition on Washington’s Hanford Plutonium Plant Resumes

  14-03-2017 15:49
  
  Demolition of a major plutonium plant at the Hanford Nuclear Reservation in Washington state has resumed after radioactive contamination was detected in a rubble pile. The work restarted this week at the Plutonium Reclamation Facility after being halted in late …
  
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• Dam at Oregon Lake Being Retrofitted to Withstand Earthquake

  14-03-2017 15:46
  
  The leaky dam at Hyatt Lake in Oregon is being shored up this summer as part of a $3.7 million seismic retrofit. The Mail Tribune reported the project will bring the dam east of Ashland into safety compliance after a …
  
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• Google’s Autonomous Car Company Escalates Legal Battle With Uber

  14-03-2017 15:42
  
  A self-driving car company founded by Google is presenting new evidence to support allegations that a former manager stole technology sold to Uber to help the ridesharing service build its own robot-powered vehicles. Waymo, a project hatched by Google eight …
  
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• Take This Lemonade and Startups: Insurers Garner Record High Satisfaction Grades

  14-03-2017 14:34
  
  Those uppity insurtech startups might want to take note: About one of every 15 U.S. homeowners insurance policyholders files a claim each year and these claimants are now giving insurers their highest ever satisfaction ratings. The J.D. Power 2017 U.S. …
  
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• New Jersey Hotel Manager Stole More Than $1M From His Boss

  14-03-2017 14:16
  
  A hotel manager stands accused of stealing more than $1 million from his boss, including draining a $600,000 insurance annuity belonging to the victim. State authorities say Vikas Mehta was recently indicted on charges of identity theft, money laundering, theft …
  
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• Homeowners Insurance Increase Denied by Delaware Insurance Commissioner

  14-03-2017 13:59
  
  A request by Windsor-Mount Joy Mutual Insurance Company (WNMJ) to increase insurance rates on more than 2,000 manufactured housing policyholders in Delaware by 20%-30% has been denied by Delaware Insurance Commissioner Trinidad Navarro, according to a press release issued by …
  
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• Maine’s MMG Insurance Company Promotes Morgan to Casualty Claims Manager

  14-03-2017 13:41
  
  MMG Insurance Company, a regional property and casualty insurance company headquartered in Presque Isle, Maine, has promoted Steve Morgan to casualty claims manager, effective March 8, 2017. Morgan joined MMG in 2014 as the department’s assistant manager. With a diverse …
  
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• U.S. Blizzard Grounds Flights, Raises Power as Trump Tweets

  14-03-2017 13:37
  
  A late-winter storm is about to bury the eastern U.S. in snow. Airlines have canceled thousands of flights, wholesale power prices surged and natural gas futures rallied as the storm prepared to spin up the Atlantic Coast, threatening New York …
  
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• Rising Sea Temperatures Could Kill 90% of Coral Reefs by 2050: Scientists

  14-03-2017 12:22
  
  There were startling colors here just a year ago, a dazzling array of life beneath the waves. Now this Maldivian reef is dead, killed by the stress of rising ocean temperatures. What’s left is a haunting expanse of gray, a scene repeated …
  
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• Nationwide survey reveals small-business owners lack a disaster recovery plan

  14-03-2017 11:30
  
  Should small-business owners be worried as spring storm season approaches? A Nationwide survey reveals why small-businesses need coverage and how you can prepare.
  
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• Insurance carriers say driverless car data is key to rates

  14-03-2017 11:30
  
  Insurance representatives told California lawmakers last week that access to data generated by autonomous vehicles will be key to their industry’s ability to write policies and assess liability in the emerging market.
  
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• Commercial insurance prices in the U.S. remain flat during Q4 2016, says WTW report

  14-03-2017 11:30
  
  Most commercial insurance prices were flat at the end of 2016, according to Willis Towers Watson's latest survey, but there were some exceptions.
  
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• Want happy customers? Then respond to them

  14-03-2017 11:00
  
  Expectations are changing and insurers must work to meet them.
  
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• Somali Pirates Hijack Oil Tanker in 1st Commercial Attack in 5 Years

  14-03-2017 10:33
  
  Pirates have hijacked a Sri Lankan-flagged oil tanker, a Somali official said on Tuesday, the first time they have successfully taken a commercial ship since 2012. The Aris 13 sent a distress call on Monday, turned off its tracking system …
  
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• UK Prime Minister Gets Go-Ahead to Launch Divorce Talks with EU

  14-03-2017 10:05
  
  Prime Minister Theresa May has won the right to launch divorce proceedings with the European Union and begin two years of talks that will shape the future of Britain and Europe. May, who was appointed prime minister shortly after Britain …
  
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• Details Emerge on What Went Wrong in Tour Bus, Train Accident in Mississippi

  14-03-2017 06:46
  
  The Texas tour bus hit by a freight train in a deadly crash in Mississippi wasn’t supposed to have taken the road where it got stuck at a rail crossing earlier this week, a federal official said Thursday. National Transportation …
  
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• Western Kentucky Suffers Damage from 2 Tornadoes

  14-03-2017 06:28
  
  The National Weather Service says two tornadoes apparently hit far western Kentucky, where transportation officials say roads will reopen overnight. Meteorologist Jim Packett in Paducah says officials surveyed damage in Fulton County on Friday. The preliminary findings are that the …
  
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• Brentwood Services Administrators in Tennessee Promotes Perkins

  14-03-2017 06:15
  
  Brentwood Services Administrators Inc. (BSA), headquartered in Brentwood, Tenn., has promoted Shelby Perkins to medical only­­-claims representative in the Tennessee Claims Department in the Brentwood office, according to Jeff Pettus, president and chief executive officer of Brentwood Services Administrators Inc. …
  
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• 100 Cities Ranked by Home Fire Risk: The Hartford

  14-03-2017 06:00
  
  According to The Hartford Home Fire Index, which ranks 100 cities based on their home fire risk, the top five highest risks are: Detroit, Mich.; Shreveport, La.; Boston, Mass.; Flint, Mich. and Richmond, Va. Cities ranked six through 10 for …
  
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• Property insurance claims satisfaction surges to a new high, says J.D. Power

  14-03-2017 05:06
  
  Insurers shine in a year filled with catastrophes.
  
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• Agency technology: What devices are independent agents using?

  14-03-2017 05:04
  
  We asked independent agents what devices their agency uses/allows, particularly whether smartphones were used to conduct agency business.
  
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• U.S. Chipmaker Intel to Enter Driverless Car Tech with Acquisition of Mobileye

  14-03-2017 02:15
  
  Intel Corp. will acquire Mobileye NV for about $15 billion, paying one of the highest takeover premiums this century to play catch-up in the market for technology that helps cars drive themselves. The U.S. chipmaker will pay $63.54 per share …
  
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• Report: High Volume, Low Costs For Comp Claims in Northernmost California

  14-03-2017 01:11
  
  California’s northern most counties accounted for 1.1 percent of the state’s workforce but 3.3 percent of the job injury claims, according to a report from the California Workers’ Compensation Institute. CWCI’s regional score card provides data on claims filed by …
  
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• Under Republican Health Plan, 24 Million Could Lose Insurance While Deficit Is Cut $337 Billion: CBO

  14-03-2017 00:26
  
  Fourteen million Americans would lose medical insurance by next year under a Republican plan to dismantle Obamacare that would also reduce the budget deficit, the nonpartisan U.S. Congressional Budget Office said on Monday. The CBO report, which also dealt a …
  
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• Here is Summary of CBO’s Analysis of Republican Health Care Proposal

  14-03-2017 00:03
  
  The Congressional Budget Office (CBO) and the staff of the Joint Committee on Taxation (JCT) estimate that enacting the Republicans’ American Health Care Act would reduce federal deficits by $337 billion over the coming decade and increase the number of …
  
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