Insurance news

• The Motley Fool: Car insurance rates keep rising - Chron.com

  21-03-2017 23:11 via chron.com
  
  The Motley Fool: Car insurance rates keep rising
  Chron.com
  Ask the Fool. Insurance up even for old cars. Q: Is it my imagination, or are car insurance rates rising, even as my car gets older? Why would that happen? - F.R., Jackson, Mich. A: It's not your imagination, and a bunch of factors are responsible. The ...
  
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• Local insurance agents break down expected changes under American Healthcare Act - WCYB

  21-03-2017 22:28 via wcyb.com
  
  WCYB
  Local insurance agents break down expected changes under American Healthcare Act
  WCYB
  JOHNSON CITY, Tenn. - News 5's Kristi O'Connor talked with local insurance agents about what you might expect if the American Health Care Act becomes law. Insurance agents say people who would not have health insurance if Obamacare never existed ...and more »
  
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• Trump's cut to flood map program could trigger insurance rate hikes -group - Reuters

  21-03-2017 21:47 via reuters.com
  
  27east.com
  Trump's cut to flood map program could trigger insurance rate hikes -group
  Reuters
  A proposal by the Trump administration to cut $190 million in funding for updating U.S. maps of flood-prone areas would trigger higher insurance rates or more homebuilding in risky locations, a consumer group said on Monday. Flood-mapping provides ...
  Westhampton Beach Coastal Geologist Addresses Congressional Subcommittee About Flood Insurance27east.com
  Wolf administration provides flood insuranc
  
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• Health Insurance Lobby Backs Key Trumpcare Revisions - Forbes

  21-03-2017 20:53 via forbes.com
  
  Forbes
  Health Insurance Lobby Backs Key Trumpcare Revisions
  Forbes
  The insurance industry lobby Tuesday backed key revisions to the American Health Care Act, also known as Trumpcare, as Donald Trump and Paul Ryan scramble to find votes in the U.S. House of Represenatives that are needed to save the legislation to ...
  GOP Health Plan Has Its Own Financial Stick To Prod People To Buy InsuranceNPR
  Conservatives Are Using The American Health Care Act To Restrict Private Insurance From Covering
  
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• Lead administrator of Porter County's insurance unexpectedly resigns - nwitimes.com

  21-03-2017 20:33 via nwitimes.com
  
  nwitimes.com
  Lead administrator of Porter County's insurance unexpectedly resigns
  nwitimes.com
  VALPARAISO — The quarterback of Porter County government's health insurance plan for the past 25 years has unexpectedly resigned as officials begin ushering in changes that already are saving taxpayers money. Mike Anton, of the Anton Insurance ...and more »
  
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• Wisconsin DHS head doesn't know how many may lose insurance - McClatchy Washington Bureau

  21-03-2017 20:15 via mcclatchydc.com
  
  Wisconsin DHS head doesn't know how many may lose insurance
  McClatchy Washington Bureau
  The top health official in Wisconsin said Tuesday she doesn't know how many people may lose health insurance in the state under the fast-moving House Republican health care overhaul bill, even as nationwide estimates project 24 million people will go ...and more »
  
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• Anthem charges woman for health insurance for months after her death - WAVE 3

  21-03-2017 20:12 via wave3.com
  
  Anthem charges woman for health insurance for months after her death
  WAVE 3
  Verna Cloud's bank account was charged by Anthem for health insurance for months after her death. (Source: Family photo). LOUISVILLE, KY (WAVE) - A major insurance company charged a woman for health insurance for months after she died. "These are ...
  
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• HR 372 - Competitive Health Insurance Reform Act of 2017 - The White House (blog)

  21-03-2017 20:05 via whitehouse.gov
  HR 372 - Competitive Health Insurance Reform Act of 2017
  The White House (blog)
  The Administration supports H.R. 372, the Competitive Health Insurance Reform Act of 2017. Many Americans have seen their health insurance premiums increase, and healthcare options decrease, significantly under the Affordable Care Act. The ...and more »
  
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• Senate moves to end insurance industry tax break - WJXT Jacksonville

  21-03-2017 19:48 via news4jax.com
  
  Tampabay.com (blog)
  Senate moves to end insurance industry tax break
  WJXT Jacksonville
  TALLAHASSEE, Fla. - Insurance-industry officials remained adamant Tuesday that a proposal to eliminate a decades-old tax credit will cost jobs and hike premiums as the measure moved forward in the Senate with a significant change. The Senate Finance ...
  Florida Senate shows no fear in taking on insurance industryTampabay.com (blog)all 6 news articles »
  
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• Departing AIG CEO Gets No Bonus But Will Get $5 Million to Stay Until Successor Arrives

  21-03-2017 19:00
  
  Peter Hancock is getting $5 million in cash to stay on as American International Group’s chief executive officer while the board searches for his replacement. But the insurer’s departing president and CEO will forgo his bonus, according to recent regulatory …
  
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• Charges: Employee Swindled Over $110K From Insurance Company - CBS Minnesota / WCCO

  21-03-2017 18:57 via minnesota.cbslocal.com
  
  Charges: Employee Swindled Over $110K From Insurance Company
  CBS Minnesota / WCCO
  MINNEAPOLIS (WCCO) – A Shakopee man is facing charges after allegedly stealing thousands from his former company through forged checks. Michael Bradley Swartz, 45, is facing two counts of theft by swindle over $35,000 and one count of theft by ...
  
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• California state Sen. Ricardo Lara announces he's running for state insurance commissioner in 2018 - Los Angeles Times

  21-03-2017 18:26 via latimes.com
  
  Los Angeles Times
  California state Sen. Ricardo Lara announces he's running for state insurance commissioner in 2018
  Los Angeles Times
  A month after proposing a single-payer healthcare system for California, State Sen. Ricardo Lara (D-Bell Gardens) announced Tuesday he'll run for state insurance commissioner in 2018. Lara is one of four Democrats who has filed papers to begin ...and more »
  
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• California May Exit Federal Flood Program, According to Reports

  21-03-2017 17:58
  
  After learning a lesson from what could have been the largest dam disaster U.S. history, California officials are reported to be considering withdrawing from the National Flood Insurance Program. Capital Public Radio is reporting that a proposal to exit the …
  
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• Louisiana Flood Board’s Suit Against Oil Companies Still Alive

  21-03-2017 17:41
  
  Attorneys for a south Louisiana flood board aren’t giving up on their attempt to make scores of oil and gas companies pay for damage to the state’s coastline. A federal judge dismissed their lawsuit in 2015 and a three-judge panel …
  
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• Next Insurance launches Facebook Messenger chatbot to replace the insurance agent - ZDNet

  21-03-2017 17:38 via zdnet.com
  
  ZDNet
  Next Insurance launches Facebook Messenger chatbot to replace the insurance agent
  ZDNet
  Guy Goldstein, co-founder and CEO of Next, said: "70 percent of our customers are buying insurance on their phones." From IT consultants to personal trainers, therapists, coaches, photographers, and maintenance engineers, the small business sector is ...and more »
  
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• J.M. Wilson Adds Mahaffey as Assistant Underwriter in Ohio

  21-03-2017 17:23
  
  Managing general agency and surplus lines broker J.M. Wilson has hired Seth Mahaffey as assistant transportation underwriter in Westerville, Ohio. Mahaffey responsible for quoting new and renewal transportation accounts, setting up and binding policies, assisting underwriters, and serving independent insurance …
  
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• Study Finds Safety Benefits in Chicago’s Red-Light Camera Program

  21-03-2017 17:21
  
  Chicago’s red-light cameras reduce serious injury crashes at intersections where they are placed and also have a measurable “spillover effect” that improves safety at intersections without cameras, according to a Northwestern University Transportation Center study released March 20. The research …
  
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• Lack of Comma Sense Ignites Debate After Ruling in $10M Suit

  21-03-2017 17:21
  
  It all came down to a missing comma, and not just any one. And it’s reignited a longstanding debate over whether the punctuation is necessary. A federal appeals court decided this week to keep alive a lawsuit by dairy drivers …
  
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• Wildfire Destroys Homes near Nebraska’s Lake McConaughy

  21-03-2017 17:18
  
  A fire chief says a wildfire has destroyed at least eight homes and several other buildings near Nebraska’s Lake McConaughy. Keystone Lemoyne Fire & Rescue Fire Chief Ralph Moul said on March 20 that the blaze has been contained, but …
  
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• Review: Big Decrease in Accidents at Central Texas Train Crossings

  21-03-2017 17:17
  
  Safety measures installed at Central Texas railroad crossings over the years have significantly curtailed train-vehicle accidents like the one this month in Mississippi that killed four Texas tourists. A review of Federal Railroad Administration records by the Austin American-Statesman found …
  
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• More extreme weather coming after record 2016 heat, WMO says

  21-03-2017 17:02
  
  Rising ocean temperatures that are melting polar ice sheets, killing marine life and flooding coastal communities may have increased more than previously reported last year.
  
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• NY regulators to property insurers: Develop disaster preparedness courses for consumers

  21-03-2017 17:00
  
  NY State's insurance regulators want carriers to develop courses for consumers on how to protect their property in case of a natural disaster.
  
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• Georgians on the hook for failure of long-term care insurance firm - Atlanta Journal Constitution (blog)

  21-03-2017 16:58 via investigations.blog.ajc.com
  
  Atlanta Journal Constitution (blog)
  Georgians on the hook for failure of long-term care insurance firm
  Atlanta Journal Constitution (blog)
  A massive insurance company failure could cost Georgia millions of dollars. What's more, some of the 2,000 Georgia residents who purchased long-term care insurance from the company could eventually be left without enough money to pay nursing home ...
  
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• The Hilb Group Acquires New Jersey-Based American Truck Insurance Exchange - Insurance Journal

  21-03-2017 16:28 via insurancejournal.com
  
  The Hilb Group Acquires New Jersey-Based American Truck Insurance Exchange
  Insurance Journal
  The Hilb Group LLC (THG), a Richmond, Va.-headquartered middle market insurance agency, has acquired Manasquan, N.J.-based American Truck Insurance Exchange LLC (ATIE). The transaction became effective March 1, 2017. ATIE is a property and ...and more »
  
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• The Hilb Group Acquires New Jersey-Based American Truck Insurance Exchange

  21-03-2017 16:28
  
  The Hilb Group LLC (THG), a Richmond, Va.-headquartered middle market insurance agency, has acquired Manasquan, N.J.-based American Truck Insurance Exchange LLC (ATIE). The transaction became effective March 1, 2017. ATIE is a property and casualty insurance agency that specializes in …
  
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• California Workers Comp Medical Review Volume Hit a Record in 2016

  21-03-2017 16:16
  
  The California workers’ compensation independent medical review process used to resolve medical disputes found that in 2016 IMR physicians once again upheld about 90 percent of utilization review physician’s modifications or denials of treatment, yet IMR volume climbed 6.5 percent …
  
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• CDI Issues Directive on New Workers’ Comp Law Pertaining to Excluded Employees

  21-03-2017 15:57
  
  The California Department of Insurance has notified the Workers’ Compensation Insurance Rating Bureau of its concern that some insurers may be in violation of Assembly Bill 2883. This law, which went into effect on Jan. 1, excludes an officer or …
  
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• Hannover Re to Acquire Lloyd’s Syndicate Argenta

  21-03-2017 15:28
  
  Hannover Re has agreed to acquire the UK holding company Argenta Holdings plc, which owns Argenta Syndicate Management and Argenta Private Capital as well as a pro rata share of the Lloyd’s syndicate Argenta Syndicate 2121. Hannover Re has been a …
  
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• XL Catlin Names Fischbach to Key Excess & Surplus Insurance Post - Insurance Journal

  21-03-2017 15:02 via insurancejournal.com
  
  XL Catlin Names Fischbach to Key Excess & Surplus Insurance Post
  Insurance Journal
  XL Catlin has appointed Karl Fischbach as head of Binding Authority and Brokerage for its excess and surplus insurance operation. In his newly added role, Fischbach will focus on aligning XL Catlin's E&S underwriting and products with its distribution ...and more »
  
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• XL Catlin Names Fischbach to Key Excess & Surplus Insurance Post

  21-03-2017 15:02
  
  XL Catlin has appointed Karl Fischbach as head of Binding Authority and Brokerage for its excess and surplus insurance operation.  In his newly added role, Fischbach will focus on aligning XL Catlin’s E&S underwriting and products with its distribution strategies, …
  
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• Berkshire Hathaway Employee Wins $100K in March Madness Contest

  21-03-2017 14:50
  
  Berkshire Hathaway Inc. said that a Berkshire factory worker from West Virginia was the winner of its 2017 Bracket Contest. The contest winner will be receiving the winning prize of $100,000 as a result of correctly picking the winners of the first …
  
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• How Senate Republicans Are Split Over Obamacare Replacement Bill

  21-03-2017 14:31
  
  The House is racing to find enough votes for its health-care bill this week, but even if it passes, prospects in the Senate have only darkened. More than enough Senate Republicans oppose the House bill to kill it — with …
  
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• Adding MinnesotaCare option avoids insurance giveaway - Post-Bulletin

  21-03-2017 14:29 via postbulletin.com
  
  Post-Bulletin
  Adding MinnesotaCare option avoids insurance giveaway
  Post-Bulletin
  It is no secret Minnesota's individual health insurance market is fragile. In St. Paul, lawmakers are attempting to stabilize the market, but in two very different ways. Republican lawmakers have focused on policies that limit coverage for Minnesotans ...and more »
  
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• Fire That Did $100K in Damage to Delaware Jewelry Store Was Accidental

  21-03-2017 14:17
  
  Officials say a fire at a jewelry store in Delaware that did $100,000 in damage was accidental. The office of the state fire marshal says the fire was reported shortly after 2:30 a.m. Sunday in the Jewelry Exchange of Delaware …
  
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• Penn State Ex-President Heads to Trial in Sandusky Scandal

  21-03-2017 14:14
  
  Penn State’s former president faces trial Monday on charges that children were put at risk by how he responded to complaints about Jerry Sandusky more than 15 years ago, and two of his former top lieutenants who just pleaded guilty …
  
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• Fire, burst pipe at high school may hike Pittsfield's insurance rate - Berkshire Eagle (subscription)

  21-03-2017 13:56 via berkshireeagle.com
  
  Fire, burst pipe at high school may hike Pittsfield's insurance rate
  Berkshire Eagle (subscription)
  This story has been modified to correct the amount of damage caused by an electrical fire in February. PITTSFIELD — Two unexpected problems at Pittsfield High School in the past month will likely mean an increase to the city's property and casualty ...and more »
  
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• Risk Management Not Keeping Up with Escalating Risks: Survey

  21-03-2017 13:48
  
  Most executives see risks increasing in both number and complexity – but those same executives say their organizations’ risk management efforts may not be staying abreast of those risks. The findings are part of a report titled “The State of …
  
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• Vandals Contaminated Pennsylvania Mobile Home Park’s Water System

  21-03-2017 13:42
  
  Authorities say vandals contaminated the private water system of a mobile home park in western Pennsylvania, leaving about 50 homes without water service. State police in Westmoreland County say someone entered the community water facility at the Pineview Manor Park …
  
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• What Insurance Does an Uber or Lyft Driver Need? - Cars.com News

  21-03-2017 12:11 via cars.com
  
  Cars.com News
  What Insurance Does an Uber or Lyft Driver Need?
  Cars.com News
  CARS.COM — If you drive for a ride-hailing company like Uber or Lyft, or if you're thinking of joining one, insurance coverage can seem like a secondary concern or something too complicated to tackle. But it's more important than you think — and ...and more »
  
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• Taking your claims litigation program from good to great – Part 3

  21-03-2017 11:30
  
  How to effectively use rich and reliable data by strategically segmenting it.
  
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• Transforming your agency: Selling with insight

  21-03-2017 11:15
  
  We spend quite a bit of time working 'in the business,' but not as much time working 'on the business.'
  
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• Climate change and the P&C insurance industry

  21-03-2017 11:15
  
  Insurers should be concerned with any aspect of climate change that could adversely impact insurer assets, including claims, investment losses or regulatory fines.
  
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• The role of indemnity in claims

  21-03-2017 11:00
  
  Being ethical requires adhering to the principle of indemnification.
  
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• Trump Budget Would Eliminate Chemical Safety Board

  21-03-2017 06:00
  
  When a Texas City refinery exploded in 2005, 15 people died. Months later, the U.S.  Chemical Safety Board found that putting workers in temporary trailers near danger zones at the plant raised the death toll. Since then, temporary trailers have …
  
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• Half of Global Insurance Premium Growth Tied to China: Allianz Research - Insurance Journal

  21-03-2017 06:00 via insurancejournal.com
  
  Insurance Journal
  Half of Global Insurance Premium Growth Tied to China: Allianz Research
  Insurance Journal
  Allianz Research projections show that total global premium income rose to a new record high of 3,650 billion euros ($3.9224 billion U.S. dollars) last year (excluding health insurance). In a year-on-year comparison, the nominal increase – after ...
  
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• Half of Global Insurance Premium Growth Tied to China: Allianz Research

  21-03-2017 06:00
  
  Allianz Research projections show that total global premium income rose to a new record high of 3,650 billion euros ($3.9224 billion U.S. dollars) last year (excluding health insurance). In a year-on-year comparison, the nominal increase – after adjustments to reflect …
  
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• European Reinsurance Buying Continues to Increase But Demand for Cover Slows: A.M. Best

  21-03-2017 06:00
  
  The 20 largest European cedants have continued to buy more reinsurance as soft market conditions prevail, although the pace at which retention ratios are falling has been more subdued, according to A.M. Best in a new briefing. A.M. Best said higher cession …
  
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• Consumer Group Warns on Trump Budget Cut of Flood Map Funds

  21-03-2017 06:00
  
  A proposal by the Trump administration to cut $190 million in funding for updating U.S. maps of flood-prone areas would trigger higher insurance rates or more homebuilding in risky locations, a consumer group said on Monday. Flood-mapping provides important details …
  
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• Early start to fire season sends homeowners racing to buy insurance - FOX31 Denver

  21-03-2017 05:51 via kdvr.com
  
  FOX31 Denver
  Early start to fire season sends homeowners racing to buy insurance
  FOX31 Denver
  DENVER -- The Sunshine Fire near Boulder is out, but it has many homeowners worried about the possibility of a historic fire season in Colorado. Much of the Front Range and eastern half of the state is abnormally dry or under drought conditions.and more »
  
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• Police Investigate Alabama Mosque Burglaries

  21-03-2017 05:25
  
  Authorities are trying to determine whether a series of break-ins at mosques in Alabama might be linked to a similar case in Virginia based partly on similarities shown in surveillance photos, officials said Friday. Images taken earlier this month during …
  
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