Insurance news

• 3 Top Health Insurance Stocks to Buy in 2017 -- The Motley Fool - Motley Fool

  29-03-2017 22:44 via fool.com
  
  Motley Fool
  3 Top Health Insurance Stocks to Buy in 2017 -- The Motley Fool
  Motley Fool
  There has been plenty of uncertainty in the air for health insurers lately. Republican efforts to replace Obamacare left the companies wondering how they would ...and more »
  
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• Two retired insurance agents found guilty of defrauding NC retirees ... - WRAL.com

  29-03-2017 19:44 via wral.com
  
  WRAL.com
  Two retired insurance agents found guilty of defrauding NC retirees ...
  WRAL.com
  Raleigh, N.C. — Two retired insurance agents have been convicted in a massive insurance scheme that claimed 81 victims in 14 different North Carolina ...
  NC Department of Insurance fraud investigation nets $11 million in ...News & Observer
  2 retired NC insurance agents scam senior citizens out of millionsWNCN
  Ex-insurance agents convicted in scamRocky Mount Telegramall 8 news articles &
  
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• Terror risk from small domestic drones has U.S officials worried

  29-03-2017 19:17
  
  The potential for terrorists to pack small consumer drones with explosives or to use them as weapons has become a 'tangible reality' in the U.S.
  
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• Citizens Posts Net Loss of $27M for 2016; Says Water Losses, AOB Abuse to Blame

  29-03-2017 18:58
  
  Citizens Property Insurance Corp. will post a net loss for 2016, its first loss in more than a decade, as water loss claims, assignment of benefit (AOB) abuse and litigation costs increasingly impact the company’s bottom line, according to a …
  
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• Texas Raises Interest, Discount Rate for Workers’ Comp

  29-03-2017 18:57
  
  The Texas Department of Insurance, Division of Workers’ Compensation reports that the workers’ comp discount rate and interest rate for April 1 to June 30, 2017, will be 4.50 percent. The rate is computed by using the federal treasury constant …
  
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• Cyclone Debbie leaves 'war zone' after hitting Aussie state

  29-03-2017 18:50
  
  A huge clean-up operation is under way in the Australian state of Queensland after a powerful cyclone swept through the region, tearing roofs off buildings and downing trees.
  
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• Shell Bill Filed in Arkansas Would Allow Alternate Workers’ Comp System

  29-03-2017 18:49
  
  An Arkansas state senator has filed a bill that would create an alternate system for benefits to injured workers. As yet, SB 653 by Sen. David J. Sanders contains no specifics beyond a statement of purpose, which is “to establish …
  
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• Around the P&C insurance industry: March 29, 2017

  29-03-2017 18:45
  
  News from Insuritas, USI Insurance Services, PIMA and more.
  
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• A.M Best Assigns Rating to ICC Holdings; Affirms Illinois Casualty Ratings

  29-03-2017 18:21
  
  A.M. Best has assigned a long-term issuer credit rating (Long-Term ICR) of “bb” to ICC Holdings Inc. (ICC Holdings) in Rock Island, Ill., a recently formed publicly traded holding company for the demutualization of Illinois Casualty Co. (Illinois Casualty), also based in Rock Island. …
  
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• Proposed Wisconsin Bill Targets Adults Who Host Underage Drinkers

  29-03-2017 18:17
  
  Adults who let teenagers drink in their homes would be breaking the law under a proposal two Republican Wisconsin lawmakers are circulating. The bill would address what Rep. Andre Jacque and Sen. Van Wanggaard call the “social host” loophole in …
  
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• Little Rock, Arkansas, Now Offers DWI Sobriety Court Option

  29-03-2017 18:14
  
  Little Rock has started a sobriety court program that treats certain people charged with driving while intoxicated. The yearlong intensive program allows “hardcore DWI offenders” to choose that option instead of serving jail time, heavy fines and community service hours, …
  
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• Iowa Workers’ Comp Overhaul Bill Sent to Governor

  29-03-2017 18:11
  
  The Iowa Senate has approved a bill to overhaul how workers are compensated for on-the-job injuries, sending the measure to Gov. Terry Branstad. The legislation, which passed with only Republican support, reduces benefits for employees injured at work in Iowa. …
  
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• Alaska Workers’ Comp Reform Has Labor, Businesses Disagreeing

  29-03-2017 16:51
  
  Alaska Gov. Bill Walker is sponsoring workers’ compensation legislation aimed at making it easier to determine whether someone is an employee or an independent contractor. Walker’s bill creates a new definition for independent contractors to determine if employers have to …
  
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• Self-Driving Car Crash in Arizona A Reminder about Regulation Challenges

  29-03-2017 16:49
  
  A crash that caused an Uber self-driving SUV to flip onto its side in a Phoenix suburb serves as a stark reminder of the challenges surrounding autonomous vehicles in Arizona, a state that has gone all-in to entice the company …
  
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• California Girl Struck by Car Could Get $15.9M from Suit

  29-03-2017 16:44
  
  A Southern California girl who was struck by a car on her way to school may receive $15.9 million for her medical expenses. The Orange County Register reported that 11-year-old Paulina Perez was hit by the car two years ago …
  
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• RightSure Purchases Chaparral Insurance in Arizona

  29-03-2017 16:39
  
  RightSure Insurance Group has acquired Prescott Valley, Ariz.-based Chaparral Insurance Agency. This represents RightSure’s 12th book of business acquisition. With this acquisition, Chaparral customers will have access to RightSure’s call center and its team. Tucson, Ariz.-based RightSure is an independent …
  
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• UK at Risk of Exiting EU on ‘WTO Terms,’ Thereby Opening Legal Minefield

  29-03-2017 16:34
  
  Failure to strike a trade deal with the European Union by a two-year deadline would force Britain to adopt World Trade Organization arrangements, bringing with it a host of new negotiations and complications. In a nutshell, Britain would have to …
  
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• Markel International’s Trade Credit Team Opens for Business in Canada

  29-03-2017 15:56
  
  Markel International, the specialist insurer and subsidiary of Markel Corp., is aiming to develop its trade credit and political risk business in Canada. Business will be underwritten by Markel Canada on Lloyd’s Syndicate 3000 paper. Markel Canada, established in 1966, …
  
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• Acappella Syndicate Promotes Quinn and Bellamy in Reinsurance Division

  29-03-2017 15:39
  
  Acappella Syndicate 2014 is very pleased to announce the promotion of Jim Quinn to the new role of head of the Reinsurance Division and Matthew Bellamy to the role of head of Property Reinsurance. Both promotions are with immediate effect. …
  
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• Pennsylvania Construction Worker Crushed by Safe Deposit Box

  29-03-2017 15:33
  
  Authorities in suburban Philadelphia, Penn., say a construction worker was crushed to death by a safety deposit box. Cheltenham Township police say the incident happened at an old Wells Fargo in the Cheltenham Mall around 1 p.m. Monday. Officials say …
  
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• Cyclone Debbie Rips Across Australian State, Leaving ‘War Zone’; AIR Comments

  29-03-2017 15:16
  
  A huge clean-up operation is under way in the Australian state of Queensland after a powerful cyclone swept through the region, tearing roofs off buildings, downing trees and forcing tourists to bunker down at luxury island resorts. The Whitsunday Islands …
  
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• New York DFS Superintendent Directs Insurers to Submit Disaster Plans

  29-03-2017 15:15
  
  All insurance companies licensed to conduct business in New York State must submit updated disaster response and recovery plans and responses to online questionnaires to the Department of Financial Services (DFS) by June 16, 2017, Financial Services Superintendent Maria T. …
  
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• Brown Thayer Shedd Insurance Agency Hires Garrity in Connecticut

  29-03-2017 15:02
  
  Brown Thayer Shedd Insurance Agency (BTS Darien) has hired Ryan P. Garrity as senior vice president of its Darien, Conn., location. In this role, Garrity joins BTS Darien President Edward D. “Tim” Brown in co-managing day-to-day operations for the agency while …
  
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• Anbang Insurance, Kushner End Manhattan Talks as Lawmakers Cite Conflicts

  29-03-2017 14:48
  
  China’s Anbang Insurance Group Co. and a company co-owned by the family of President Donald Trump’s son-in-law Jared Kushner have ended talks to redevelop a Manhattan office tower, a deal that had drawn scrutiny from lawmakers citing ethics concerns. “Kushner …
  
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• RMC Group to Open 2 London Offices, Affirming Commitment to UK Market

  29-03-2017 14:22
  
  Naples, Fla.-based RMC Group, a consortium of insurance and actuarial consulting firms, has announced it plans to expand its international operations by opening two new offices in the United Kingdom. “Establishing a permanent presence in Europe is another exciting step …
  
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• Wells Fargo Settles Sham Account Claims for $110 Million

  29-03-2017 13:55
  
  Wells Fargo & Co. said it agreed to pay $110 million to settle a lawsuit by customers challenging its opening of accounts without their permission, a practice that led to a scandal that cost the bank’s chief executive his job. The bank …
  
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• What coverage applies to alleged thefts by employees?

  29-03-2017 12:00
  
  When a theft occurs in a business, and an employee is suspected, when is insurance coverage available?
  
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• Do your data analytics team members speak the same language?

  29-03-2017 12:00
  
  When you combine data scientists, actuaries, statisticians, and others on a data analytics team, are you sure they have a common language?
  
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• CEO & Co-Founder of China’s Fosun Resigns for Health Reasons

  29-03-2017 11:27
  
  Fosun International Ltd , one of China’s most aggressively acquisitive conglomerates, said its chief executive and vice president stepped down in a surprise reshuffle that has raised concerns over the group’s strategy. The resignation of co-founder and Chief Executive Liang …
  
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• Update: UK Begins 2 Years of Complex Talks to Exit European Union

  29-03-2017 11:06
  
  Prime Minister Theresa May set the U.K. on course for leaving the European Union in two years’ time, a divorce that will redefine the country’s relationship with its largest trading partner and end decades of deepening political integration on the continent. …
  
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• UK Today Begins 2 Years of Complex Negotiations to Exit European Union

  29-03-2017 11:06
  
  The U.K. will start the clock on two years of negotiations to withdraw from the European Union on Wednesday, a divorce that will redefine the country’s relationship with its largest trading partner and bring to an end decades of deepening …
  
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• Trump Wants Business Ideas to Spur Government Innovation

  29-03-2017 07:00
  
  President Donald Trump is establishing a new White House office run by his son-in-law that will seek to overhaul government functions using ideas from the business sector. Trump announced the White House Office of American Innovation in a memo Monday. …
  
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• Trump Agriculture Chief Nominee Perdue Vows to Fight for Farmers, Trade, Crop Insurance

  29-03-2017 07:00
  
  Agriculture Secretary nominee Sonny Perdue recently sought to reassure farm-state senators in both parties who are fearful about the impact of President Donald Trump’s proposed deep cuts to farm programs, promising to promote agricultural trade and create jobs in the …
  
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• Republicans Ask Treasury to End ‘Too Big To Fail’ Process for Non-Banks

  29-03-2017 07:00
  
  Key Senate Republicans urged the Trump administration to rethink the process for labeling firms whose failure could threaten the financial system, arguing it has led to substantial regulatory costs. The Financial Stability Oversight Council, a panel of regulators with authority …
  
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• Drone Maker DJI Offers Operator ID Framework

  29-03-2017 07:00
  
  The world’s largest maker of unmanned aircraft systems (UAS), China’s DJI, has proposed an electronic identification framework for UAS that would allow authorities in the United States to identify drone owners when necessary while also respecting their privacy. Last year, the …
  
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• Court Blocks U.S. Suits by Jewish Families Against Palestinian Authority

  29-03-2017 07:00
  
  A federal appeals court says the families of Jewish worshippers who were killed or wounded during a 2011 attack in the West Bank can’t sue the Palestinian Authority for damages in U.S. courts. The decision last Friday upheld a lower …
  
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• Norman-Spencer Agency Starts Nonprofit Division; Will Donate 50% of Profits

  29-03-2017 06:57
  
  Norman-Spencer Agency, Inc., a national property and casualty insurance provider, has launched a new nonprofit division. This division offers three programs — Food Distribution & Thrift Stores, Foundations & Grant Making, and Housing & Shelters. Coverage lines being provided by …
  
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• Two Georgia Women Wanted for Claiming Injuries for Fake Auto Accidents

  29-03-2017 06:46
  
  The Georgia Department of Insurance has issued warrants for two women on multiple counts of insurance fraud for allegedly filing fake auto injury claims that bilked two insurance companies out of more than $21,000. Insurance Commissioner Ralph Hudgens said in …
  
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• Mississippi Long-Term Recovery Agency Back to Work in Tornado-Ravaged Areas

  29-03-2017 06:25
  
  The long-term recovery agency in Hattiesburg, Miss., R3SM, is still getting some of its people in place, but officials with the organization say it is ready to take on the huge job of leading three of the four counties hit …
  
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• 25 U.S. cities with the highest risk of home fires

  29-03-2017 06:01
  
  Structure fires caused a total of $10.3 billion in damage in 2015 — with the majority of the losses sustained by residential properties ($7.2 billion).
  
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• Florida Court to Hear Lawsuit Against Employer, Wife of Nightclub Shooter

  29-03-2017 06:00
  
  A lawsuit brought by victims of the Orlando nightclub massacre against the gunman’s employer and wife was withdrawn from federal court and filed in state court in South Florida on Monday. Attorneys for 61 Pulse victims and family members of …
  
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