Insurance news

• ANDY'S CONSUMER TIP OF THE DAY: travel insurance - WMC Action News 5

  24-03-2017 21:53 via wmcactionnews5.com
  
  ANDY'S CONSUMER TIP OF THE DAY: travel insurance
  WMC Action News 5
  Many years ago, a former photographer of mine bought travel insurance for his wife and him before they took a vacation to the Florida Keys. He paid about $2,000 for coverage that included cancellation, hospitalization, the gamut. I chastised him for ...and more »
  
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• Autism advocates use billboards to push for insurance reform - AL.com

  24-03-2017 21:40 via al.com
  
  AL.com
  Autism advocates use billboards to push for insurance reform
  AL.com
  Autism advocates are trying a new way to raising awareness about the need for insurance reform. Five billboards calling for "Insurance for Autism Now" are now up: three in Birmingham, one in Albertville and one in Montgomery. The Autism Society of ...
  Should Alabama mandate insurance coverage for Autism therapy ...AL.comall 2 news articles »
  
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• Many Insurance Companies Stay Quiet On Health Care Debate - NPR

  24-03-2017 21:31 via npr.org
  
  NPR
  Many Insurance Companies Stay Quiet On Health Care Debate
  NPR
  With AHCA coming to the house floor for a highly anticipated vote, some of the biggest stake holders that are closely following the health care political circus are health insurance companies around the country. NPR's Kelly McEvers talks with Professor ...
  
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• EPIC Acquires The Capacity Group in New Jersey

  24-03-2017 21:25
  
  EPIC Insurance Brokers & Consultants has acquired the Capacity Group of Companies in Mahwah, N.J. Terms of the deal were not disclosed. As part of EPIC, the firm will now operate as The Capacity Group – an EPIC Company, and …
  
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• ObamaCare repeal collapses — will health insurance collapse too? - The Hill (blog)

  24-03-2017 21:20 via thehill.com
  
  The Hill (blog)
  ObamaCare repeal collapses — will health insurance collapse too?
  The Hill (blog)
  Some Republicans who are encouraged a yes vote on the new health bill claimed that insurance would fail if the Affordable Care Act, commonly known as ObamaCare was not repealed and replaced. However, as usual the political rhetoric is a little extreme.
  Yarmuth cites number who would lose insurance by districtWashington Times
  Rep. Thomas Massie: Conservative AHCA backers caving to insurance lob
  
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• NC Insurance Commissioner: Auto rate increase unwarranted - WTVD - WTVD-TV

  24-03-2017 20:53 via abc11.com
  
  WTVD-TV
  NC Insurance Commissioner: Auto rate increase unwarranted - WTVD
  WTVD-TV
  Officials at the North Carolina Department of Insurance said Friday that a requested 13.8 percent average statewide increase in auto rates is unwarranted.
  NC insurance commissioner fights against 13.8% rate hike | WNCNWNCN
  NC insurance officials to challenge auto rate increaseWSOC Charlotteall 5 news articles »
  
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• Lawmakers Table Privatization of $1.6 Billion Insurance Fund - U.S. News & World Report

  24-03-2017 20:03 via usnews.com
  Lawmakers Table Privatization of $1.6 Billion Insurance Fund
  U.S. News & World Report
  Montana lawmakers put off further discussion on dismantling and privatizing the state's massive workers compensation system, saying Friday the task was too daunting to take up in the waning days of the legislative session. | March 24, 2017, at 7:29 p.m..and more »
  
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• Robots Could Steal 32% of Jobs in UK Financial Services by 2030: PwC

  24-03-2017 17:48
  
  Approximately 32 percent of existing UK jobs in financial services and insurance could be automated by robotics and artificial intelligence (AI) over the next 15 years, according to a new study by PricewaterhouseCoopers. And other industries are even more at …
  
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• Single mom? You should have gotten married if you wanted health insurance, says White House - Daily Kos

  24-03-2017 17:46 via dailykos.com
  
  Daily Kos
  Single mom? You should have gotten married if you wanted health insurance, says White House
  Daily Kos
  There won't be any SlutCare in Trumpcare, says White House Press Secretary Sean Spicer. Sure they're taking away essential health benefits, the stuff that makes maternity and newborn health care available to all women, but that doesn't mean women can't ...and more »
  
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• Florida Homes Threatened by Fast-Moving Brush Fire

  24-03-2017 17:43
  
  Florida Forest Service officials say a 400-acre brush fire has forced the evacuation of a neighborhood and threatened or burned up to 15 homes. Nassau County Emergency Management Director Billy Estop ordered residents of the neighborhood near the Georgia line …
  
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• Uncertainty clouds Oklahoma's health insurance market - Tulsa World

  24-03-2017 17:42 via tulsaworld.com
  
  Tulsa World
  Uncertainty clouds Oklahoma's health insurance market
  Tulsa World
  Oklahoma's tenuous presence in the federal individual health insurance exchange has been made more so by the uncertain political and regulatory environment, state Insurance Commissioner John Doak said Friday. “I have an obligation to keep people ...
  State Insurance Commissioner Warns All Carriers May Abandon ...news9.com KWTV
  Lawmakers should give Oklahomans insurance choicesNewsOK.com (registration)all 6 n
  
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• Ohio’s Norman-Spencer Agency Adds Nonprofit Division

  24-03-2017 17:39
  
  Norman-Spencer Agency Inc., based in Dayton, Ohio, has launched a new Nonprofit Division. This division offers three unique insurance programs — food distribution and thrift stores, foundations and grant making, and housing and shelters. Honoring its commitment to communities and …
  
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• Amended Iowa Workers’ Comp Overhaul Advanced to Senate

  24-03-2017 17:17
  
  Republicans in the Iowa House passed a bill to overhaul how workers in the state are compensated for on-the-job injuries, though they backed off some key proposals amid internal concern over the extent of the changes. The GOP-majority chamber voted …
  
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• Insurance Companies Could Profit From Fewer Customers Under GOP Plan - NPR

  24-03-2017 17:16 via npr.org
  
  NPR
  Insurance Companies Could Profit From Fewer Customers Under GOP Plan
  NPR
  The House Republicans' embattled health care bill has plenty of detractors: Democrats, hospitals, the American Medical Association and the House Freedom Caucus all oppose it. But the insurance industry is not on that list, even though it stands to lose ...
  How Insurance Markets Could Be Affected If GOP Reduces Essential BenefitsInsurance Journal
  House Pulls GOP Health Insurance Bill, but Some Changes Already Are U
  
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• Here Are Some of the Crappy Insurance Plans That Could Be Legal Again Soon - Lifehacker Australia

  24-03-2017 17:08 via vitals.lifehacker.com
  
  Lifehacker Australia
  Here Are Some of the Crappy Insurance Plans That Could Be Legal Again Soon
  Lifehacker Australia
  “Essential benefits” disappeared last night from the health care bill that aims to replace the Affordable Care Act. If it passes, health insurance plans would no longer be required to cover maternity care. Or hospitalization. Or emergency care. Or ...
  Prepare for chaos in the insurance market if the GOP's scorched-earth health bill prevailsChicago Tribune
  Should young
  
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• Oregon’s 1st Recreational Marijuana Recall Issued after High Pesticide Level

  24-03-2017 16:03
  
  The Oregon Liquor Control Commission issued its first recall of recreational marijuana after samples of a type of pot were found to contain a level of pesticide residue above the state limit. The Blue Magoo marijuana was sold at Buds …
  
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• Writer Sues Disney in California over Animated Film ‘Zootopia’

  24-03-2017 16:00
  
  A screenwriter and producer has sued Walt Disney Pictures on claiming the studio copied his ideas to create the Oscar-winning animated film “Zootopia.” Gary L. Goldman, whose credits include work on film adaptations of “Total Recall,” “Minority Report” and “Big …
  
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• $14M Suit Filed by Former Oregon Boy Scouts Claiming Sex Abuse

  24-03-2017 15:57
  
  Two men have filed a lawsuit against the Boy Scouts of America and its local branch for $7 million each, claiming they were sexually abused by a former scout leader in Milwaukie in the 1970s. The Oregonian/OregonLive reported the lawsuit …
  
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• Experts Warn of ‘Significant Risk’ from California Dam

  24-03-2017 15:53
  
  California is not just fighting nature as it attempts to repair the nation’s tallest dam, badly damaged last month by surging storm waters. It’s also racing the clock. Safety experts say there is no time for delay in a state …
  
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• XL Catlin and Startupbootcamp InsurTech Form Partnership

  24-03-2017 15:21
  
  Startupbootcamp InsurTech, the business accelerator that promotes insurance technology startups and corporate innovation, has formed a partnership with XL Catlin. The announcement comes as Startupbootcamp InsurTech’s second accelerator program enters its final weeks in London, with 10 teams drawn from …
  
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• Membership medicine an alternative to health insurance - WFAA.com

  24-03-2017 15:15 via wfaa.com
  
  WFAA.com
  Membership medicine an alternative to health insurance
  WFAA.com
  The idea of membership medicine is not new but becoming a more viable and reasonable option to those facing high premiums or being uninsured altogether. "Philosophically, this is the way medicine is supposed to be practiced,” said Dr. Myers R. Hurt III.and more »
  
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• Trump Ends Negotiations, Demands Vote on Republican Healthcare Bill

  24-03-2017 14:39
  
  The Trump administration doubled down on its demand that House Republican leaders hold a vote Friday on their embattled healthcare bill without any changes and with lingering uncertainty about whether they have enough support to pass the measure. “After seven …
  
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• Trump End Negotiations, Demands Vote on Republican Healthcare Bill

  24-03-2017 14:39
  
  The Trump administration doubled down on its demand that House Republican leaders hold a vote Friday on their embattled healthcare bill without any changes and with lingering uncertainty about whether they have enough support to pass the measure. “After seven …
  
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• Congress Nullifies Obama Workplace Injury Reporting Rule

  24-03-2017 14:21
  
  The U.S. Senate (50-48) joined the House (231-191) in passing a resolution blocking a federal workplace injury and accident reporting rule put in place by the Obama Administration last December. The Department of Labor rule issued by the Occupational Safety …
  
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• Massachusetts Worker Dies After Being Electrocuted by Live Wires

  24-03-2017 14:16
  
  Authorities in Massachusetts say a contractor painting windows at a fire station has died after he was electrocuted by live wires. Salem Police Capt. Fred Ryan says the man was using a lift bucket on Tuesday when he became entangled …
  
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• Delaware Officials Eye Substance Abuse Insurance Coverage

  24-03-2017 14:08
  
  State officials are proposing revisions to Delaware’s insurance code to ensure that people struggling with opioid addiction get the treatment they need. Attorney General Matt Denn on Wednesday also called for the creation of a new oversight committee to help …
  
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• Anbang Insurance Reportedly in Talks to Provide Equity for Kushner Tower Project

  24-03-2017 13:55
  
  The family-owned company that until recently was headed by U.S. President Donald Trump’s son-in-law hopes to turn an aging New York office tower into a signature development that could be worth up to $12 billion, a report said on Wednesday. …
  
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• How Insurance Markets Could Be Affected If GOP Reduces Essential Benefits

  24-03-2017 13:20
  
  Rules on what benefits health insurance plans must cover have become a major negotiating point as Republicans wrangle votes to repeal Obamacare, even though removing the regulations is likely to upset U.S. insurance markets. The requirements, called Essential Health Benefits, …
  
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• UK Finance Firms ‘Not Crying Wolf’ in Concerns About Loss of EU Passports

  24-03-2017 12:42
  
  One afternoon in mid-January, Prime Minister Theresa May walked into a meeting room in the Swiss resort of Davos to face Wall Street’s most powerful bankers. May had delivered her vision two days earlier for pulling Britain out of the …
  
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• Ironshore Expands Global M&A Unit with Appointments, Capacity Hike

  24-03-2017 12:09
  
  Ironshore has expanded its mergers & acquisitions capabilities with a team of new hires in the Americas and broadened office presence to serve Canada and Latin America. In addition, to support heightened transaction volume throughout the Americas region, Ironshore increased …
  
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• PwC Settles Negligence Claim Over MF Global Collapse

  24-03-2017 11:40
  
  PricewaterhouseCoopers LLP has settled a $3 billion negligence lawsuit over the October 2011 collapse of MF Global Holdings Ltd, the futures and commodities brokerage once run by former New Jersey governor Jon Corzine. Terms were not disclosed, but the malpractice case was …
  
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• When it comes to auto policies, where vehicle is garaged matters more than you might think

  24-03-2017 11:30
  
  A federal district court in Maine has ruled that an insurance company could rescind auto policies it issued to an insured who represented that he lived in Maine, when he actually lived and garaged his vehicles in Massachusetts.
  
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• Court upholds insurer's request to rescind policies of insured who misrepresented residence, where vehicles garaged

  24-03-2017 11:30
  
  A federal district court in Maine has ruled that an insurance company could rescind auto policies it issued to an insured who represented that he lived in Maine, when he actually lived and garaged his vehicles in Massachusetts.
  
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• Court upholds insuer's request to rescind policies of insured who misrepresented residence, where vehicles garaged

  24-03-2017 11:30
  
  A federal district court in Maine has ruled that an insurance company could rescind auto policies it issued to an insured who represented that he lived in Maine, when he actually lived and garaged his vehicles in Massachusetts.
  
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• Here's how to leverage online client reviews [infographic]

  24-03-2017 11:15
  
  The digital age has provided each of us with the power to fire off a potentially business-killing social media comment or online review just as fast as we can tap or type.
  
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• Nationwide Insurance loses millions as industry takes a big hit on auto policies - Columbus Business First

  24-03-2017 11:14 via bizjournals.com
  Nationwide Insurance loses millions as industry takes a big hit on auto policies
  Columbus Business First
  ​It's a tough time for automobile insurers, and Nationwide Mutual Insurance Co. is among those coping with the damage. Subscribe to get the full story. Already a subscriber? Sign in. Subscribe to get the full story. Already a subscriber? Sign in ...
  
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• Hail, water and wind are top auto perils between March and May

  24-03-2017 11:00
  
  Farmers Insurance has dug deep into historical auto claims data to determine the most common hazards drivers face during the spring season.
  
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• Data obstacles hamper cyber insurance growth

  24-03-2017 11:00
  
  Insurers may need to change their traditional underwriting approach to meet bullish forecasts for cyber coverage sales.
  
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• Appeals Court Rules Florida Dairy OK to Label Skim Milk as ‘Skim Milk’

  24-03-2017 05:49
  
  A small, all-natural dairy isn’t being deceptive when it calls its skim milk “skim milk,” a federal appeals court has ruled – a victory for a Florida creamery that fought the state’s demand to label the product “imitation” because vitamins …
  
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• Mississippi City to Close 6 Train Crossings After Deadly Collision

  24-03-2017 05:39
  
  The city council in Biloxi, Miss., has approved a plan to close six railroad crossings in the city. Biloxi had already been planning to close a half-dozen of its 29 railroad crossings before a CSX freight train hit a tour …
  
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• Tennessee Lawmakers Reject Bill Shielding Drivers Who Hit Protesters

  24-03-2017 05:35
  
  A Tennessee committee has voted down a bill to protect drivers from lawsuits if they hit protesters who are blocking traffic. On Wednesday, the House Civil Justice Subcommittee voted against the legislation by Republican Rep. Matthew Hill of Jonesborough. The …
  
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• 3 wise cybersecurity solutions for 2017

  24-03-2017 05:01
  
  Human error is the leading cause of cybercrimes. Businesses may be missing out by not training their own employees in cybersecurity.
  
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• Argo Pro Enhances E&O Coverage for Professional Services Firms

  24-03-2017 05:00
  
  Argo Pro, a member of Argo Group International Holdings, Ltd., has launched a new Argo PROtect line of products and enhanced errors & omissions (E&O) forms for four different classes of professional services. The following E&O PROtect forms are currently …
  
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• Brookings: Changes in Trumpcare won't save the 24 million losing insurance in the next decade - Daily Kos

  24-03-2017 03:34 via dailykos.com
  
  Daily Kos
  Brookings: Changes in Trumpcare won't save the 24 million losing insurance in the next decade
  Daily Kos
  The current version of Trumpcare—the one negotiated last week by popular vote loser Donald Trump with conservatives to woo votes for passage—hasn't yet been scored by the Congressional Budget Office, even though it's slated for a vote Thursday.
  GOP Health Insurance Plan Hits Older People HardestConsumerReports.org
  House GOP health care bill would cause 14 million to lose
  
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• Data Breach May Affect more than 430K in Oklahoma

  24-03-2017 02:24
  
  Oklahoma Office of Management and Enterprise Services says more than 430,000 people in the state may have had their personal information compromised by a data breach. The agency said that the Oklahoma Employment Security Commission and the Office of Workforce …
  
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• New Arkansas Law Expands Where Concealed Guns Allowed

  24-03-2017 02:19
  
  Arkansas’ governor has signed a sweeping gun rights measure into law that will allow concealed handguns at state colleges, some bars, government buildings and even the state Capitol. The measure approved by Republican Gov. Asa Hutchinson allows someone with a …
  
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• Texas Senate OKs Ban on Abortion Coverage in Some Insurance Plans

  24-03-2017 02:18
  
  The Texas Senate on March 22 preliminarily approved a bill prohibiting coverage of abortion by some health insurance plans in Texas — despite similar efforts stalling previously. The 19-10 vote leaves Sen. Larry Taylor’s bill a final, largely ceremonial vote …
  
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• Texas-Based ProAg to Acquire Iowa’s International Ag Insurance Solutions

  24-03-2017 02:16
  
  Producers Ag Insurance Group Inc. (ProAg), a member of the Tokio Marine HCC group of companies, has agreed to acquire crop managing general agent, West Des Moines, Iowa-based International Ag Insurance Solutions LLC (International Ag). The transaction, which is subject …
  
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• Oswald Cos. Names Sandusky Global Casualty Practice Leader

  24-03-2017 02:13
  
  Oswald Companies, based in Cleveland, Ohio, has appointed Suzanne Sandusky as global casualty practice leader for property/casualty. Sandusky will lead the independent insurance brokerage firm’s national and international casualty strategy. Sandusky has 25 years of experience in designing unique casualty …
  
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• Flintstones vs. Jetsons, a Broker Success Story, and How Agencies Can Survive Insuretech

  24-03-2017 00:19
  
  “If we survive the next five to 10 years and improve the way we do things, we can be well-positioned into the future.” James Keating, founder, chairman and CEO of The Keating Group, offered those positive words amid the din …
  
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