Insurance news

• Senate sends abortion insurance bill to House - Austin American-Statesman

  27-03-2017 23:10 via statesman.com
  
  12NewsNow.Com
  Senate sends abortion insurance bill to House
  Austin American-Statesman
  Voting 21-10, the Texas Senate on Monday approved a bill to ban insurance coverage for abortions in the state. Senate Bill 20 by state Sen. Larry Taylor, R-Friendswood, would prohibit abortion coverage in private plans, under the Affordable Care Act ...
  Bill to ban insurance coverage for abortions sent to House12NewsNow.Comall 89 news articles »
  
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• Businesses divided in support of high-priority insurance bill - Texas Tribune

  27-03-2017 22:55 via texastribune.org
  
  Businesses divided in support of high-priority insurance bill
  Texas Tribune
  Last month, major business interests told Lt. Gov. Dan Patrick that his high-priority hailstorm insurance bill was a no-go. Now, support from other business leaders is pouring in. by Sanya Mansoor March 27, 2017 3:49 PM. Graphic by Todd Wiseman.
  
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• Verhoef Named Director of Employee Benefit Sales at Western Growers

  27-03-2017 22:07
  
  Western Growers Insurance Services Inc. has promoted Jason Verhoef to director of employee benefit sales. Verhoef will lead sales efforts to provide affordable healthcare insurance options for agribusinesses throughout California, Arizona and Colorado, as well as support the employee benefit …
  
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• Gorst & Compass Names Gaines Personal Lines Underwriter in California

  27-03-2017 21:21
  
  Gorst & Compass Insurance has promoted Brenna Gaines to personal lines underwriter in its San Diego, Calif. office. Gaines has been with Gorst & Compass for three years and has been in the industry for 12 years. Her previous title …
  
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• Coalition seeks lower auto insurance rates in Detroit - Detroit News - The Detroit News

  27-03-2017 20:45 via detroitnews.com
  
  The Detroit News
  Coalition seeks lower auto insurance rates in Detroit - Detroit News
  The Detroit News
  Detroit — A coalition of city leaders has launched an effort to lower auto insurance rates for Detroit residents, saying costs within the city are significantly higher ...
  New alliance demands cheaper Detroit car insurance with same ...Detroit Free Press
  Detroiters launch new auto insurance reform group, fight for lower ratesWSYM-TV
  Detroiters unite to demand more affordable auto in
  
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• Clarksville man has insurance license revoked, fined - Clarksville Leaf Chronicle

  27-03-2017 20:04 via theleafchronicle.com
  
  Clarksville Leaf Chronicle
  Clarksville man has insurance license revoked, fined
  Clarksville Leaf Chronicle
  The Tennessee Department of Commerce and Insurance has announced disciplinary actions including fines against a Clarksville man and three other former ...and more »
  
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• Supreme Court Won’t Hear Record Labels’ Copyright Violation Claims Against Vimeo

  27-03-2017 20:00
  
  The U.S. Supreme Court on Monday refused to hear a bid by major record labels to revive copyright infringement claims against video-sharing website Vimeo LLC for hosting content that included songs by famed bands such as the Beatles, the Jackson …
  
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• Hailstorms Slam Parts of North Texas

  27-03-2017 18:26
  
  Thunderstorms, producing up to softball size hail, pounded several cities north of Dallas/Fort Worth metroplex Sunday night causing extensive damage, the Insurance Council of Texas reported. Thousands of homeowner and auto claims had already been reported by sunrise. The entire insured …
  
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• South Dakota Speeding Tickets Rise Along with 80 mph Limit

  27-03-2017 18:11
  
  The number of speeding tickets issued by South Dakota state troopers has gone up since the state’s top speed limit increased from 75 mph to 80 mph nearly two years ago. According to an analysis of ticket data by the …
  
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• Another Mag 4.0 Quake, 3 Smaller Ones Strike Oklahoma

  27-03-2017 18:09
  
  The U.S. Geological Survey reports a magnitude 4.0 earthquake and three smaller temblors have struck Oklahoma. The survey reported that the magnitude 4.0 quake hit on March 25 south of Medford in north-central Oklahoma. Three smaller temblors — with magnitudes …
  
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• 466 Tons of Breaded Chicken Product Recalled by Oklahoma Company

  27-03-2017 18:07
  
  An Oklahoma food company is recalling more than 466 tons of breaded chicken because of possible metal in the food. The U.S. Department of Agriculture said OK Food Inc. is recalling 933,272 pounds of the food shipped nationwide that was …
  
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• Thousands evacuated as Cyclone Debbie barrels toward Australian coast

  27-03-2017 18:03
  
  The worst cyclone in six years is set to smash into the coast of Queensland on Tuesday morning, forcing thousands of Australians to evacuate or seek emergency shelter.
  
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• Uber Resuming Autonomous Car Program After Crash

  27-03-2017 17:44
  
  Driverless vehicles operated by Uber Technologies Inc. were back on the road in San Francisco on Monday after one of its self-driving cars crashed in Arizona, the ride-hailing company said. Uber’s autonomous vehicles in Arizona and Pittsburgh, Pennsylvania, remained grounded …
  
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• Who's using what in the insurance industry: March 27, 2017

  27-03-2017 17:30
  
  News from Octo Telematics, Guidewire Software Inc., Applied Systems and more.
  
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• New Mexico Lawsuit Challenges County’s Frack Sand Ban

  27-03-2017 17:25
  
  A group of New Mexico property owners has sued Winona County over its ban on industrial mining of silica sand for use in hydraulic fracturing. The Southeast Minnesota Property Owners joined Saratoga Township resident Roger Dabelstein in filing the lawsuit …
  
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• Montana Lawmakers Table Privatization of $1.6B Workers’ Comp Fund

  27-03-2017 17:20
  
  Montana lawmakers have tabled a proposal seeking to dismantle and privatize the state’s massive workers’ compensation system, saying the matter is too daunting to take up in the waning days of the legislative session. Instead, a Senate Committee decided to …
  
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• John F. Sullivan Jr. Loved the Insurance Business

  27-03-2017 17:14
  
  John F. Sullivan Jr. had a passion for insurance, doing business and sailing. Jack Sullivan died on March 19 at age 83 after a long career in insurance. Jack was born Oct. 7, 1933 in Spokane, Wash. to John F. …
  
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• Mother And Son in California Sentenced for Auto Insurance Fraud Scheme

  27-03-2017 16:57
  
  A California mother and son were sentenced for auto insurance fraud. Henrietta Silva, 71, and her son, Peter Silva, 42, were sentenced in the San Diego Superior Court after submitting multiple fraudulent auto insurance claims. Henrietta Silva was sentenced to …
  
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• Worst Cyclone in 6 Years Set to Pummel Coast of Queensland, Australia

  27-03-2017 16:40
  
  The worst cyclone in six years is set to smash into the coast of Queensland on Tuesday morning, forcing thousands of Australians to evacuate or seek emergency shelter and prompting some of the world’s biggest miners to halt coal operations. …
  
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• Opinion: Why Is Zurich Seeking Shareholder Permission to Raise Money?

  27-03-2017 16:01
  
  Zurich Insurance Group AG wants more freedom from its shareholders to raise money quickly. That’s odd. Switzerland’s largest insurer has no capital hole that needs filling. The move suggests newish CEO Mario Greco may be concerned about missing out on …
  
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• Owners of Diner in New Jersey Admit Setting Fire for Insurance Money

  27-03-2017 15:25
  
  The owners of a New Jersey diner have admitted burning it down to collect insurance. Sussex County prosecutors say 49-year-old Tina Diakos and 40-year-old Ozkan Cengiz pleaded guilty to arson on Wednesday. Prosecutors say the pair said business at the …
  
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• Vermont Lawmakers Say Businesses Should See $28M Reduction in Expenses

  27-03-2017 15:21
  
  Vermont businesses should see a $28 million reduction in expenses this year from lower workers’ compensation and unemployment insurance costs. Democratic House Speaker Mitzi Johnson tells the Rutland Herald the state Department of Labor projected there will be a $76 million …
  
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• Uber Tells U.S. Appeals Court in New York Customers Must Arbitrate Disputes

  27-03-2017 15:17
  
  A U.S. appeals court in New York on Friday weighed arguments over whether Uber Technologies Inc. customers gave up their right to sue the company when they registered for its popular taxi hailing service. The case could have wider implications for internet …
  
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• Insurers, Victims Sue Saudi Arabia Over Sept. 11 Terrorist Attacks

  27-03-2017 14:02
  
  Saudi Arabia is facing a renewed $6 billion lawsuit by dozens of insurers seeking to hold it responsible for business and property damage caused by the Sept. 11, 2001 attacks. The lawsuit filed late Thursday in the U.S. District Court …
  
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• London Keeps Mantle as #1 Finance Center Despite Brexit Uncertainties: Survey

  27-03-2017 13:44
  
  London has retained the mantle as the world’s top financial center, though uncertainty about the implications of Britain’s vote to leave the European Union saw its lead over Asian rivals narrow, according to a study. New York held on to …
  
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• Caribbean Cat Facility CCRIF Donates $100,000 to Belize to Aid Rainfall Tracking

  27-03-2017 13:18
  
  Belize SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) is providing US$100,000 to the government of Belize to purchase 40-50 automatic weather stations that will provide the Meteorological Service of Belize with access to real-time rainfall data. The weather stations will …
  
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• The millennial claims writer: Training a new generation

  27-03-2017 13:00
  
  Grammar, punctuation and word choice still matter in claims
  
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• Broker THB and CNA Hardy Partner to Provide Global Industrial Cyber Solution

  27-03-2017 12:35
  
  London-based broker THB, CNA Hardy and cyber security specialist Waterfall Security Solutions have entered into a partnership to provide a cyber security protection package for industrial businesses globally. The package, distributed exclusively through THB, includes CNA Hardy’s cyber technology and cyber …
  
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• One simple trick for writing great marketing emails

  27-03-2017 12:30
  
  Writing marketing copy or emails may be one of the most challenging tasks you’ll encounter as an insurance agent or financial advisor. Here's a trick.
  
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• Is the insurance industry ready for self-driving boats?

  27-03-2017 12:15
  
  Self-driving cars have become a reality, even though their use isn't widespread — yet. Can self-driving boats be far behind?
  
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• As China Liberalizes Financial Sector, It Seeks Better Treatment Abroad

  27-03-2017 11:49
  
  People’s Bank of China Governor Zhou Xiaochuan said the country is preparing to further open its financial sector, and that doing so will involve negotiations over how other nations treat Chinese investors. Areas of potential liberalization include banking, insurance, investment …
  
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• Fraud is not a cost of doing business — and emerging tech is here to prove it

  27-03-2017 11:30
  
  Today, predictive analytics and link analysis are the leading solutions for fraud detection.
  
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• China’s Ping An to Invest $100M a Year in Japan in Diversification Bid

  27-03-2017 10:51
  
  Ping An Insurance (Group) Co. plans to invest $100 million a year in Japanese companies as it seeks to diversify its investments outside of China. China’s second-largest insurer will put money with private equity funds that invest in sectors including …
  
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• Pence's strange claim that selling health insurance across state lines would be like car and life insurance - Washington Post

  27-03-2017 09:03 via washingtonpost.com
  
  Washington Post
  Pence's strange claim that selling health insurance across state lines would be like car and life insurance
  Washington Post
  “Under President Trump's leadership, we're actually also going to finally allow Americans to purchase health insurance across state lines — the way you buy life insurance, the way you buy car insurance.” — Vice President Pence, speech in Louisville ...and more »
  
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• Great American Insurance Group Promotes Kornesczuk

  27-03-2017 07:44
  
  Great American Insurance Group has promoted Jane Kornesczuk to divisional president of its Executive Liability Division. The division is based in Schaumburg, Ill. Kornesczuk joined Great American in 1990 as a senior underwriter. She was named chief underwriting officer of …
  
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• Kansas Amusement Ride Safety Bill in the Works

  27-03-2017 07:38
  
  Members of a Kansas House committee are pushing to ramp up oversight of temporary and permanent amusement park rides after a lawmaker’s son was killed on a waterslide last year, but the bill that would allow it to happen could …
  
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• Oklahoma Senate OKs Impaired Driver Accountability Bill

  27-03-2017 07:32
  
  The Oklahoma Senate has unanimously passed legislation to change how first-time driving under the influence (DUI) offenses are handled in Oklahoma. Senate Bill 643, also known as the Impaired Driver Elimination Act 2 (IDEA2), is strongly supported by Mothers Against …
  
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• Texas Bill Shielding Landowners from Rock Climbing Injury Lawsuits Advances

  27-03-2017 07:24
  
  The Texas Senate has approved a bill protecting property owners statewide from liability for injuries incurred by people rock climbing on their land. The proposal by Republican Sen. Charles Perry of Lubbock now heads to the state House. It immunizes …
  
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• Officials: Kansas Apartment Blaze Caused $23M to $25M in Damage

  27-03-2017 07:24
  
  Officials in a Kansas City suburb where a fire destroyed a multimillion-dollar apartment building under construction and spread to about two dozen homes estimate the blaze caused between $23 million and $25 million in damage. The Kansas City Star reports …
  
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• How Republicans Can Unravel Obamacare Without Repealing It

  27-03-2017 07:00
  
  Republicans may have failed to overthrow Obamacare last week, but there are plenty of ways they can chip away at it. The Trump administration has already begun using its regulatory authority to water down less prominent aspects of the 2010 …
  
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• 4 Million Driving Jobs at Risk from Autonomous Vehicles: Report

  27-03-2017 07:00
  
  As many as four million truck, bus, delivery and taxi driving jobs could be lost if fully autonomous vehicle technology is adopted in a short period of time, according to a new report. With more than 30 companies—including automakers BMW, Daimler …
  
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• North Carolina Regulator Calls 13.8% Auto Rate Hike Unwarranted

  27-03-2017 06:54
  
  The North Carolina Rate Bureau’s request for an auto rate hike of 13.8 percent is not justified based on the data submitted, according to a statement from the North Carolina Department of Insurance. The decision, made by Commissioner Mike Causey …
  
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• NC Department of Insurance: Proposed 13.8% Auto Rate Hike Unwarranted

  27-03-2017 06:54
  
  The North Carolina Rate Bureau’s request for an auto rate hike of 13.8 percent is not justified based on the data submitted, according to a statement from the North Carolina Department of Insurance. The decision, made by Commissioner Mike Causey …
  
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• Alabama Supreme Court: Passenger Injured in Car Chase Can’t Sue City, Police

  27-03-2017 06:33
  
  A woman who was hurt in a car crash that ended a police chase more than three years ago can’t sue the officers or the suburban Birmingham city where it occurred, the Alabama Supreme Court ruled Friday. The justices unanimously …
  
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• The Hanover Launches Professional Liability Risk Management Portal

  27-03-2017 06:10
  
  The Hanover Insurance Group, Inc. has launched a new online portal featuring risk management tools for the professional liability industry. HanoverProRisk offers articles, templates, risk bulletins and seminars focused on the needs of agents and customers. Resources on the site …
  
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• Bradenton Insurance of West Florida Partners With Baldwin Risk Partners

  27-03-2017 06:03
  
  Baldwin Risk Partners, a Tampa, Fla.-based insurance distribution holding company, has partnered with Bradenton Insurance LLC, of Bradenton, Fla., adding the agency to its group of companies. Bradenton Insurance has been a local independent insurance agency on the west coast …
  
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