Insurance news

• 1si now offering local businesses discounted insurance - Newsandtribune

  31-03-2017 22:06 via newsandtribune.com
  
  Newsandtribune
  1si now offering local businesses discounted insurance
  Newsandtribune
  NEW ALBANY — One Southern Indiana member businesses employing more than two individuals now have the opportunity to purchase insurance for their employees at discounted group rates. The first phase of 1si's Member Insurance Benefits program, ...
  
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• West Virginia House Passes Bill to Aid Opioid Addiction Treatment Facilities

  31-03-2017 18:58
  
  The number of beds available at state-run substance abuse treatment facilities would increase in drug-ravaged West Virginia under a bill passed Wednesday by the House. The bill passed on a 99-0 vote. It now moves to the state Senate. West …
  
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• Insurance didn't cover hurricane tree damage? The IRS might. - Island Packet

  31-03-2017 18:58 via islandpacket.com
  
  Island Packet
  Insurance didn't cover hurricane tree damage? The IRS might.
  Island Packet
  A look at trees last month at Honey Horn where debris continues to be process from Hurricane Matthew damage. file photo. By Teresa Moss. [email protected] · LinkedIn · Google+ · Pinterest · Reddit; Print; Order Reprint of this Story. This tax ...
  
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• 2 Retired North Carolina Agents Convicted of $11M Insurance Scam Targeting Seniors

  31-03-2017 18:50
  
  North Carolina Department of Insurance (NCDOI) announced the conviction of two retired insurance agents in a regional scam targeting senior citizens. Insurance Commissioner Mike Causey said the two retired agents, Milton Hooks, 72, of Rocky Mount, and James Mangum, 69, …
  
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• USGS Lowers Seismic Hazard Forecast for Oklahoma in 2017

  31-03-2017 18:38
  
  Oklahoma experienced fewer earthquakes last year compared with 2015 and a recent study of human-induced earthquakes predicts another year of reduced seismicity for the state in 2017. The U.S. Geological Survey warns, however, that that Oklahoma and southern Kansas, along …
  
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• Florida Continues Aggressive Efforts to Stop Zika

  31-03-2017 18:38
  
  Florida officials say they’re continuing aggressive efforts to stop the spread of the Zika virus. Gov. Rick Scott met Monday with Miami-Dade County officials to discuss Zika preparedness ahead of Florida’s rainy season, when mosquitoes are most prevalent. Officials said …
  
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• Minnesota Better Prepared for Bird Flu, Poultry Producers Say

  31-03-2017 18:20
  
  Minnesota is better prepared for a potential bird flu return after a devastating 2015 epidemic, according to poultry producers and experts. Poultry farmers are waiting as the early spring opens water on lakes and rivers, leading to the migration of …
  
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• Federal Investigators Probing Crash That Killed 13 in Texas

  31-03-2017 18:18
  
  Federal officials are investigating a head-on collision between a pickup truck and small church bus in southwest Texas that crumpled the front of the bus and killed 13 senior adults returning from a church retreat. The Texas Department of Public …
  
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• Esurance Lays Off 30 Workers in South Dakota

  31-03-2017 18:14
  
  About 30 Esurance employees in Sioux Falls have lost their jobs as part of cuts within the insurance company. The Argus Leader reports that has Esurance cut 100 jobs, mostly in Sioux Falls and in two California locations. The San …
  
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• Michigan Senate OKs $5M Loan for Sinkhole; Allots Federal Aid for Flint

  31-03-2017 18:12
  
  The Michigan Senate has approved a $5 million interest-free state loan to help repair a large sinkhole in suburban Detroit, narrowly rejecting a call to stick with a House plan that would instead give Macomb County a $3 million infrastructure …
  
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• 11 Suits Over 2010 Flood Tossed by Texarkana Judge

  31-03-2017 18:08
  
  A Texarkana judge has dismissed 11 civil lawsuits connected to the historic 2010 flood at Albert Pike campgrounds in Ouachita National Forest in Arkansas that took the lives of 20 men, women and children. The 11 lawsuits, which were consolidated …
  
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• California Road Plan Calls for Boosting Gas Tax, Vehicle Fees

  31-03-2017 17:45
  
  California Gov. Jerry Brown and fellow Democrats who control the state Legislature are proposing to raise $52.4 billion over 10 years by significantly boosting fuel taxes and vehicle fees. The money would go toward fixing a massive backlog in road …
  
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• Homeowners Association at Sinking High-Rise in San Francisco Sue Developer

  31-03-2017 17:40
  
  A homeowners association representing property owners at a downtown San Francisco high-rise has sued the developers on for failing to tell residents the condominium tower was sinking at an unexpected rate. The Millennium Tower homeowners association’s lawsuit is the latest …
  
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• People on the move in the P&C insurance industry: March 31, 2017

  31-03-2017 17:37
  
  News from RiskMatch, Allianz Global Corporate & Speciality SE, Majesco and more.
  
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• New Mexico Gets $50M Tobacco Settlement Payment

  31-03-2017 17:36
  
  New Mexico this year will receive the largest tobacco settlement payment it has ever received from the industry. The state attorney general’s office made the $50 million announcement this week, saying the payment includes an additional $14.5 million as a …
  
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• LP Insurance Services in Nevada Adds Holland as Shareholder

  31-03-2017 17:19
  
  Reno, Nev.-based LP Insurance Services Inc. has named Tim Holland as its newest shareholder. Holland will continue as an employee benefits sales executive with LP Insurance. He has been in that role since 2011. LP Insurance Services Inc. is a …
  
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• Yup, Rockets Need Insurance, Too. But Way More Than the Feds Think - WIRED

  31-03-2017 17:08 via wired.com
  
  WIRED
  Yup, Rockets Need Insurance, Too. But Way More Than the Feds Think
  WIRED
  Launching rockets is a risky business. So, in addition to those precious payloads, every mission carries an insurance policy juuust in case something goes awry. Private insurers handle most of it, but the federal government offers a backstop for those ...
  
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• Employment trends throughout the insurance industry in January 2017

  31-03-2017 16:43
  
  The insurance industry has reported employment growth in most of its segments for the month of January — a rare constant in an ever-changing market.
  
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• Ryan Specialty Group Agrees to Acquire Assets of New York-Based LoVullo

  31-03-2017 15:29
  
  Ryan Specialty Group LLC (RSG) has reached a definitive agreement to acquire substantially all of the assets of LoVullo Associates Inc. (LoVullo), a wholesale insurance brokerage and binding authority operation based in Depew, N.Y. LoVullo will become part of RT …
  
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• Maryland’s Chesapeake Employers’ Insurance Reappoints 2 to Board

  31-03-2017 15:18
  
  Chesapeake Employers’ Insurance Company, a Towson, Md.-based writer of workers’ compensation insurance, has reappointed Leonard Schuler Jr. as a member to the board of directors for a term of four years, effective June 1, 2017. The Maryland State Senate has …
  
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• Marsh & McLennan Promotes Walsh in New York

  31-03-2017 15:07
  
  Marsh & McLennan Companies Inc. (MMC), a global professional services firm offering clients advice and solutions in risk, strategy and people, has appointed Keith Walsh as chief financial officer of the Company’s Risk and Insurance Services (RIS) segment, which includes …
  
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• Marsh & McLennan Companies Promotes Walsh in New York

  31-03-2017 15:07
  
  Marsh & McLennan Companies Inc. (MMC), a global professional services firm offering clients advice and solutions in risk, strategy and people, has appointed Keith Walsh as chief financial officer of the Company’s Risk and Insurance Services (RIS) segment, which includes …
  
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• MAPFRE Insurance to Provide Coverage for Massachusetts Rideshare Drivers

  31-03-2017 15:02
  
  In an important move aimed at protecting Massachusetts drivers, MAPFRE Insurance will be among the first insurers in the state to offer gap coverage to auto insurance policyholders using their personal cars to drive for rideshare companies like Uber and …
  
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• Everest Insurance Expands Inland Marine Team with 3 New Hires - Insurance Journal

  31-03-2017 14:32 via insurancejournal.com
  
  Everest Insurance Expands Inland Marine Team with 3 New Hires
  Insurance Journal
  Everest Insurance has expanded its Inland Marine team with the hiring of Tom Warner, Mike Lewis and Timothy Janeway. Tom Warner has joined Everest Insurance as vice president Inland Marine for the Southeast region. Warner joins Everest from the ...
  
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• Everest Insurance Expands Inland Marine Team with 3 New Hires

  31-03-2017 14:32
  
  Everest Insurance has expanded its Inland Marine team with the hiring of Tom Warner, Mike Lewis and Timothy Janeway. Tom Warner has joined Everest Insurance as vice president Inland Marine for the Southeast region. Warner joins Everest from the Beazley Group, where …
  
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• Governors Report Pedestrian Fatalities Continue to Increase

  31-03-2017 14:07
  
  The number of persons on foot killed on U.S. roadways last year increased an estimated 11 percent compared to 2015, according to the Governors Highway Safety Association (GHSA). This represents the steepest year-to-year increase since record-keeping began, both in terms of number …
  
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• Republican Senator Wants Trump to Drop Systemic Risk Case Against MetLife

  31-03-2017 13:57
  
  A Republican member of the Senate Banking Committee said on Thursday that he was “frustrated” that the Trump administration had not yet dropped the government’s case against Metlife Inc., an insurer challenging its “too big to fail” designation. Senator Pat …
  
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• Madoff Deals in Locked Safe a Focus of UK Lawsuit Seeking Damages of $66M

  31-03-2017 13:34
  
  Principal Financial Group Inc. accused the managers of Liongate Capital Management LLP of hiding investments with Bernie Madoff while negotiating to sell half of their London hedge fund to Principal. Founders Randall Dillard and Jeff Holland, and Head of Research …
  
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• Allianz Insurance Launches Live Video Streaming Platform for Property Claims

  31-03-2017 13:05
  
  Allianz Insurance, the U.K. -based subsidiary of Allianz SE, has launched a video streaming platform called Allianz Site View, which is designed to enhance its claims proposition by enabling customers to send images, video clips or conduct live video interactions …
  
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• Bermuda Re/Insurers Start to Feel Pressures of Challenging Market: A.M. Best

  31-03-2017 12:22
  
  Bermuda market re/insurers are beginning to experience lower profits, a deterioration in both return on equity and combined ratio as well as the drying up of favorable reserve development. These negative trends are becoming increasingly evident for Bermuda insurers and …
  
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• Top 100 U.S. cities with the highest risk of home fires, ranked by The Hartford [infographic]

  31-03-2017 12:00
  
  The Hartford has released its ranking of the top 100 U.S. cities with the highest home fire risk, as ranked by the insurer’s Home Fire Index.
  
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• 2 retired N.C. insurance agents convicted of fraud

  31-03-2017 12:00
  
  It took seven years, but the N.C. Insurance Department finally convicted two retired insurance agents of fraud, in a case worth $11 million.
  
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• It's the customer experience, stupid

  31-03-2017 11:30
  
  Insurers need to make their brand experiences into havens of ease, comfort and security that also fit into customers’ desired lifestyles.
  
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• Qatar Insurance Subsidiary Reaffirms London Commitment with New HQ

  31-03-2017 11:19
  
  A Qatar Insurance Co. SAQ unit has signed a lease for a new headquarters close to the Lloyd’s of London insurance market, which is more than twice the size of the company’s existing premises. Antares Underwriting Services Ltd., acquired by …
  
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• Fosun ‘Seeking Investors’ for Minority Stake in Reinsurance Unit, Peak Re

  31-03-2017 11:07
  
  Fosun International Ltd., the Chinese insurance-to-tourism conglomerate, is seeking investors for a minority stake in its reinsurance business ahead of a possible initial public offering, according to people familiar with the matter. The sale of shares in Peak Reinsurance Co. could …
  
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• Endurance, With SOMPO as New Owner, Gets A.M. Best Ratings Upgrade

  31-03-2017 10:15
  
  Endurance Specialty Holdings Ltd. got a financial ratings upgrade from A.M. Best and is no longer under review, based on positives the ratings agency sees after it was acquired by Japan’s SOMPO Holdings Inc. for $6.3 billion. A.M. Best upgraded …
  
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• California Considers Ditching Federal Flood Insurance For State-Run Program - CBS Sacramento

  31-03-2017 08:05 via sacramento.cbslocal.com
  
  CBS Sacramento
  California Considers Ditching Federal Flood Insurance For State-Run Program
  CBS Sacramento
  SACRAMENTO (CBS13) — California is overpaying for flood insurance, according to a report from a UC Davis research group. And now the Department of Water Resources is considering a state-run flood insurance program that could save billions of dollars.and more »
  
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• Duke Energy Sues 30 Insurers Over Carolinas Coal Ash Cleanup Costs

  31-03-2017 07:06
  
  The largest U.S. electric company sued 30 international and domestic insurance companies Wednesday, saying they should cover part of the utility’s multibillion-dollar cleanup costs in the Carolinas for toxic byproducts left from decades of burning coal to generate power. Charlotte-based …
  
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• Artificial Intelligence, IoT Startups Gaining in Global Insurtech Funding

  31-03-2017 07:00
  
  Investing in technology-oriented insurance ventures (insurtech) is clearly a global trend and almost half of all the money being poured into them globally is going into artificial intelligence and internet of things startups, new research finds. The research from Accenture, …
  
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• Top 6 insurable incidents small business owners faced in 2016

  31-03-2017 06:50
  
  Many small businesses experienced insurable events in 2016, but didn’t file claims for them. Here are the top 6 insurable incidents and the coverages clients can get for them.
  
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• This Company Uses Text Messages To Increase Insurance Coverage In The Philippines - Forbes

  31-03-2017 05:33 via forbes.com
  
  Forbes
  This Company Uses Text Messages To Increase Insurance Coverage In The Philippines
  Forbes
  The mobile insurance company BIMA aims to insure a billion people throughout the world, and it's targeting underbanked citizens in the Philippines as part of that goal. The company offers low-cost products around the globe and its mobile registration ...
  
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• Gov. Dayton to review $542M bill passed to stabilize health ... - Minneapolis Star Tribune

  31-03-2017 04:19 via startribune.com
  
  Minneapolis Star Tribune
  Gov. Dayton to review $542M bill passed to stabilize health ...
  Minneapolis Star Tribune
  After a working weekend, the governor plans to announce his intentions Monday, a spokesman said.and more »
  
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• Kane In Your Corner: Woman could lose home after $80K insurance claim snafu - News 12 New Jersey

  31-03-2017 02:10 via newjersey.news12.com
  
  News 12 New Jersey
  Kane In Your Corner: Woman could lose home after $80K insurance claim snafu
  News 12 New Jersey
  HOWELL - If you think your doctor and health insurance provider don't do a good job of communicating, just be glad you're not Patricia Amerino, of Howell. Four years after she was preapproved for a surgery that should have cost her only a $54 copay, ...
  
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• Maryland Insurance Administration suspends license for Everest Wealth Management - Baltimore Sun

  31-03-2017 01:46 via baltimoresun.com
  
  Baltimore Sun
  Maryland Insurance Administration suspends license for Everest Wealth Management
  Baltimore Sun
  The Maryland Insurance Administration suspended the insurance license of Everest Wealth Management on Thursday, after the Maryland attorney general's office handed down steep penalties this week to the Towson firm and its owner for alleged fraudulent ...and more »
  
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• Potbelly, Johnson Insurance coming to former Golden Keys site - Journal Times

  31-03-2017 01:36 via journaltimes.com
  
  Journal Times
  Potbelly, Johnson Insurance coming to former Golden Keys site
  Journal Times
  The Olesen family of O&H Danish Bakery is planning a two-phase, nearly $5 million redevelopment of what had been the Golden Keys Restaurant site. Phase one, shown here, is a two-space retail building with the first signed tenant, in the right-hand side ...and more »
  
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• Allergy test uncovers large scale insurance fraud - ABC Action News

  31-03-2017 01:20 via abcactionnews.com
  
  ABC Action News
  Allergy test uncovers large scale insurance fraud
  ABC Action News
  The FBI raided an Atlanta medical clinic last month in search of evidence that affects hundreds of people in Hillsborough and Pinellas counties. Clearwater resident Nikki Taft suspects she and her sons may have been used in an insurance fraud operation.
  
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• Chiropractors charged with insurance fraud - Story | abcactionnews ... - ABC Action News

  31-03-2017 01:11 via abcactionnews.com
  
  ABC Action News
  Chiropractors charged with insurance fraud - Story | abcactionnews ...
  ABC Action News
  Detectives say the clinic was running a big money insurance scheme some of which they caught on camera. An undercover officer recorded more than 50 ...and more »
  
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• Chiropractors charged with insurance fraud - ABC Action News

  31-03-2017 01:11 via abcactionnews.com
  
  ABC Action News
  Chiropractors charged with insurance fraud
  ABC Action News
  Detectives say the clinic was running a big money insurance scheme some of which they caught on camera. An undercover officer recorded more than 50 appointments made at the Back on Track clinic in Bradenton. State insurance fraud investigators spent a ...and more »
  
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