Insurance news

• XL Catlin names new global chief underwriting officer of casualty insurance

  10-04-2017 19:00
  
  XL Catlin appoints Nancy Bewlay global chief underwriting officer, casualty insurance.
  
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• Travelers Adds Symantec Cybersecurity Services to Cyber Policies

  10-04-2017 18:59
  
  The Travelers Companies, Inc. is now offering cybersecurity services from Symantec Corp. to eligible Travelers cyber policyholders. Symantec will provide a cyber resilience readiness assessment, cybersecurity awareness training videos and a security coach helpline, among other services. Travelers cyber customers …
  
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• Michigan Company Pay $84,750 to Settle Sex Discrimination Suit

  10-04-2017 18:53
  
  Country Fresh LLC, a milk manufacturer in Livonia, Mich., will pay $84,750 to settle a sex discrimination lawsuit filed by the U.S. Equal Employment Oppor­tunity Commission (EEOC), the federal agency announced. The EEOC’s lawsuit alleged that Country Fresh violated federal …
  
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• State May Drop Funding for Sobriety Checkpoints in Missouri

  10-04-2017 18:38
  
  Missouri police could lose state funding for sobriety checkpoints after a debate weighing motorists’ rights to avoid unreasonable searches against the state’s interest in keeping roads safe, as well as the value of checkpoints in deterring drunken driving. The House …
  
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• NFP Acquires Arkansas’ Thomas Insurance Agency

  10-04-2017 18:34
  
  National insurance broker and consultant, NFP, has acquired The Thomas Insurance Agency of Benton Inc. in Benton, Ark. Thomas Insurance Agency is a property/casualty insurance broker that provides commercial and personal insurance. Principals of the firm James Thomas and Paul …
  
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• Ohio Coal Miner Creates Fake Employment Records in Workers’ Comp Fraud

  10-04-2017 18:25
  
  A former coal miner from northeast Ohio owes the Ohio Bureau of Workers’ Compensation (BWC) more than $40,000 after BWC investigators found him creating phony employment records to secure BWC cash benefits, the workers’ compensation insurance provider announced. Steven R. …
  
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• Louisiana Surveying Homeowners with 2016 Flood Damage

  10-04-2017 18:19
  
  Homeowners with damage from last year’s devastating floods are being asked to take a survey, the first step in applying for federal disaster recovery aid that soon will be available. Gov. John Bel Edwards’ administration will use the survey responses …
  
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• Hackers Strike Dallas Emergency Siren System

  10-04-2017 18:17
  
  Hackers struck the sirens Dallas uses to alert residents to take shelter from inclement weather, triggering intermittent false alarms for about an hour and a half until officials deactivated the system early Saturday morning. The person or people responsible were …
  
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• TAGA, QBE NA Launch Herbicide/Pesticide Insurance Program in Texas

  10-04-2017 18:16
  
  Tejas American General Agency (TAGA), a Texas based MGA and wholesale brokerage has launched a new herbicide/pesticide program in Texas, underwritten through QBE North America, an operating division of global insurer QBE Insurance Group Limited. The herbicide/pesticide program allows applicators …
  
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• Uber Scoffs at Google Spinoff’s Claims in Self-Driving Car Case

  10-04-2017 17:05
  
  Uber is scoffing at claims that its expansion into self-driving cars hinges on trade secrets stolen from a Google spinoff, arguing that its ride-hailing service has been working on potentially superior technology. The legal defense, presented in documents filed in …
  
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• Nevada Governor Wants $3.5M for Cybersecurity Boost

  10-04-2017 16:58
  
  Gov. Brian Sandoval is asking the Nevada Legislature to spend $3.5 million over the next two years to build up the state’s cybersecurity infrastructure and management. His proposed Office of Cyber Defense Coordination would organize data systems across all state …
  
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• River in Idaho Rising Along With Flood Insurance Policy Sales

  10-04-2017 16:55
  
  Federal officials say the Boise River in Idaho that’s already past flood stage will be raised again as flood insurance sales spike in the region. The U.S. Bureau of Reclamation and U.S. Army Corps of Engineers announced that the river …
  
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• Willis Towers Watson Launches Cyber Aviation Cover with AIG Collaboration

  10-04-2017 16:30
  
  Willis Towers Watson has introduced CyFly, an insurance solution specifically tailored to cover cyber exposure affecting the airline industry. The recent Willis Towers Watson Industry Risk Index identified failure of critical IT systems as the most significant risk facing the …
  
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• XL Catlin Names Swiss Re’s Bewlay as Global Chief Underwriter for Casualty

  10-04-2017 15:33
  
  XL Catlin’s insurance operations has named Nancy Bewlay as global chief underwriting officer, Casualty. In her new role, Bewlay assumes underwriting and portfolio management for all of XL Catlin’s Casualty insurance coverages globally. She will be based in Stamford, Connecticut, reporting to Neil Robertson, chief …
  
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• Liberty Specialty Markets Taps Equinox Global’s Paton as European Head of GFR

  10-04-2017 15:00
  
  Liberty Specialty Markets (LSM), the London-based subsidiary of Liberty Mutual Insurance Group, has appointed Alexandra Paton as head of Continental Europe for Global Financial Risks (GFR). Paton will be based in both Paris and London. She will report directly to …
  
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• Authorities Charge 2 with Arson in Maine Storage Building Fire

  10-04-2017 14:12
  
  State fire officials say two men have been charged with arson in connection with a fire that destroyed a large storage building in Etna, Maine. Officials say several smaller storage buildings for sale at Hill View Mini Barns also were …
  
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• New York Begins New Push to Stop Distracted Driving

  10-04-2017 14:06
  
  New York is launching a statewide campaign against distracted driving as part of April’s National Distracted Driving Awareness Month. Gov. Andrew Cuomo said state and local police will be stepping up patrols and checkpoints through Monday in Operation Hang Up. …
  
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• Trial Concludes for Virginia Man Accused of Killing Son for Insurance

  10-04-2017 13:49
  
  Joaquin Rams is either a father unjustly accused in the tragic, unexplained death of his 1-year-old son, or he is the most cold-blooded of murderers who snuffed the life from his boy to collect half a million dollars in life …
  
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• Driver Privacy at Risk when Telematics Data Stored in the Cloud: Researchers

  10-04-2017 13:33
  
  Drivers’ private information can be compromised when stored in the cloud for usage-based insurance (UBI) programs, according to researchers. Using connected-device, or telematics, functions in vehicles, UBI programs determine a consumer’s or fleet’s insurance premium rate by considering several driving …
  
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• 7 ways to improve insurance industry IT recruitment

  10-04-2017 13:00
  
  Talent acquisition looms large among the tech and innovation challenges that face insurers.
  
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• New York Sees Its Cyber Rules for Insurers as Model for Other States

  10-04-2017 12:36
  
  A group of U.S. state insurance regulators should use New York’s sweeping cyber security rules as a model for how insurers must protect their networks from hackers and when they must disclose cyber events, New York’s financial regulator said on Sunday. “We …
  
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• Quick tips to capture and keep more online insurance customers

  10-04-2017 12:30
  
  Here are 10 ways to make your online efforts more effective.
  
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• Lower back pain: Reducing WC risks with non-pharmaceutical remedies

  10-04-2017 12:15
  
  Medications might temporarily relieve low back pain, but non-pharmaceutical remedies carry less risk and can attack the actual causes. Here are some recommendations from the American College of Physicians.
  
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• Insurtech Microinsurance Specialist, BIMA, Gets $16.8M Investment

  10-04-2017 12:12
  
  BIMA, the insurtech firm that offers microinsurance in emerging markets, announced the close of an investment of US$16.8 million by Axiata Digital, the digital services arm of Axiata Group Berhad, one of Asia’s largest telecommunications groups. Axiata Group Berhad (Axiata) …
  
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• Insurance implications of legal marijuana: Questions continue to roll in

  10-04-2017 12:00
  
  Even before the first wisp of legalized recreational marijuana smoke hit the air nearly five years ago, there were many questions regarding what ramifications this drug would have on the insurance industry.
  
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• In search of outstanding claims professionals

  10-04-2017 11:30
  
  Submit your entries to recognize exceptional claims pros.
  
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• Why pizza affects your life insurance rates - MarketWatch

  10-04-2017 11:07 via marketwatch.com
  
  MarketWatch
  Why pizza affects your life insurance rates
  MarketWatch
  Blood pressure is one of several health factors companies consider when deciding your life insurance rates. Having high blood pressure adds stress to your arteries and leads to serious problems such as heart disease and strokes. Unlike some life ...
  
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• Chairman of China’s Insurance Regulator Investigated for ‘Severe’ Violations  

  10-04-2017 09:52
  
  China’s anti-graft agency is probing the nation’s top insurance official Xiang Junbo as the government steps up a bid to rein in financial risks amid an economic slowdown. Xiang, chairman of the China Insurance Regulatory Commission, is under investigation on …
  
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• Sen. Schumer pushes for malt barley crop insurance in NY - The San Luis Obispo Tribune

  10-04-2017 09:04 via sanluisobispo.com
  
  Sen. Schumer pushes for malt barley crop insurance in NY
  The San Luis Obispo Tribune
  Sen. Charles Schumer is calling on the U.S. Department of Agriculture to make crop insurance for malt barley available to more New York farmers to help the craft brewing industry in the state. Schumer will be at the 1886 Malt House in Oswego County on ...and more »
  
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• Sen. Schumer pushes for malt barley crop insurance in NY - Lexington Herald Leader

  10-04-2017 09:04 via kentucky.com
  
  Sen. Schumer pushes for malt barley crop insurance in NY
  Lexington Herald Leader
  Sen. Charles Schumer is calling on the U.S. Department of Agriculture to make crop insurance for malt barley available to more New York farmers to help the craft brewing industry in the state. Schumer will be at the 1886 Malt House in Oswego County on ...and more »
  
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• Iowans without insurance will have reason to hate ACA - DesMoinesRegister.com

  10-04-2017 08:06 via desmoinesregister.com
  
  DesMoinesRegister.com
  Iowans without insurance will have reason to hate ACA
  DesMoinesRegister.com
  Now Aetna is bailing out of Iowa, as Wellmark did, because they are all losing money under the Affordable Care Act. Aetna purchased Coventry and its possibly ill clients for $5.7 billion. Perhaps if they were losing so much money, they might not want ...
  Is Iowa's ACA insurance market a sign of what's to come nationally?Mason City Globe Gazette
  Coverage and cost concerns still plague U.S. health in
  
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• Student health insurance to increase by 24 percent next fall - Daily Illini

  10-04-2017 07:29 via dailyillini.com
  
  Student health insurance to increase by 24 percent next fall
  Daily Illini
  The Board of Trustees approved a proposal on March 15 to increase undergraduate and graduate student health insurance costs by 24 percent beginning in fall 2017. The cost per semester for student insurance for the campus will rise from $320 to $397 for ...
  
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• Georgia Jury Awards $20.5M in Civil Suit Against Drug Maker

  10-04-2017 07:23
  
  A jury in central Georgia has awarded $20.5 million in damages to a retired teacher in her civil lawsuit against a drug company. The Telegraph of Macon reports Ann Pope sued Akorn Inc. in Houston County State Court, saying the …
  
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• North Carolina Requests Nearly $1B from Congress for Hurricane Recovery

  10-04-2017 07:17
  
  North Carolina Gov. Roy Cooper is seeking nearly $1 billion from Congress to help North Carolina counties still recovering from Hurricane Matthew more than six months after it caused massive inland flooding and killed 28 people. The new funding request …
  
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• Stephens Insurance Appoints 4 to Lead New Alabama Office - Insurance Journal

  10-04-2017 07:09 via insurancejournal.com
  
  Stephens Insurance Appoints 4 to Lead New Alabama Office
  Insurance Journal
  Stephens Insurance, LLC, an affiliate of Stephens Inc., has opened a property & casualty brokerage office in Birmingham, Ala. The new team—made up of Tice Young, Donna Sanford, James Kennedy and Marty Hall—brings nearly 60 years of combined ...
  
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• Stephens Insurance Appoints 4 to Lead New Alabama Office

  10-04-2017 07:09
  
  Stephens Insurance, LLC, an affiliate of Stephens Inc., has opened a property & casualty brokerage office in Birmingham, Ala. The new team—made up of Tice Young, Donna Sanford, James Kennedy and Marty Hall—brings nearly 60 years of combined experience in …
  
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• State Insurance Regulators Weigh Consumer Protections for Data Collection, Use - Insurance Journal

  10-04-2017 07:03 via insurancejournal.com
  
  Insurance Journal
  State Insurance Regulators Weigh Consumer Protections for Data Collection, Use
  Insurance Journal
  The incorporation of big data from Internet-based sources is a defining feature of underwriting and rating in today's property/casualty insurance market. In light of that, the National Association of Insurance Commissioners (NAIC), through its Big Data ...
  
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• State Insurance Regulators Weigh Consumer Protections for Data Collection, Use

  10-04-2017 07:00
  
  The incorporation of big data from Internet-based sources is a defining feature of underwriting and rating in today’s property/casualty insurance market. In light of that, the National Association of Insurance Commissioners (NAIC), through its Big Data Task Force, is exploring …
  
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• Google Defends Employment Practices After U.S. Alleges Gender Pay Gap

  10-04-2017 07:00
  
  Government investigators looking into how Google pays its employees have accused the tech giant of shortchanging women doing similar work to men. A U.S. Department of Labor official disclosed the agency’s allegations during a Friday court hearing in San Francisco. …
  
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• 5 Pending Supreme Court Cases New Justice Gorsuch Could Influence

  10-04-2017 07:00
  
  Neil Gorsuch, President Donald Trump’s appointee to the U.S. Supreme Court who was confirmed by the Senate to the lifetime job on Friday in a 54-45 vote, will have an immediate impact on cases already pending before the justices. The …
  
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• Chinese insurance regulator under graft investigation - Fox News

  10-04-2017 06:14 via foxnews.com
  
  New York Times
  Chinese insurance regulator under graft investigation
  Fox News
  BEIJING – China's chief insurance regulator is under investigation by its anti-corruption agency, expanding a marathon anti-graft crackdown into the top ranks of finance following complaints of misconduct by insurers. The Central Commission for ...
  China Investigates Regulator of Fast-Moving Insurance IndustryNew York Times
  China Anti-Graft Body Investigating Chief Insurance RegulatorU.S. News & World Report
  
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• Chinese Insurance Regulator Under Graft Investigation - U.S. News & World Report

  10-04-2017 05:01 via usnews.com
  New York Times
  Chinese Insurance Regulator Under Graft Investigation
  U.S. News & World Report
  BEIJING (AP) — China's chief insurance regulator is under investigation by its anti-corruption agency, expanding a marathon anti-graft crackdown into the top ranks of finance following complaints of misconduct by insurers. The Central Commission for ...
  China Investigates Regulator of Fast-Moving Insurance IndustryNew York Times
  China anti-graft body investigating chief insurance regulat
  
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• Chinese insurance regulator under graft investigation - ABC News

  10-04-2017 04:56 via abcnews.go.com
  New York Times
  Chinese insurance regulator under graft investigation
  ABC News
  China's chief insurance regulator is under investigation by its anti-corruption agency, expanding a marathon anti-graft crackdown into the top ranks of finance following complaints of misconduct by insurers. The Central Commission for Discipline ...
  China Investigates Regulator of Fast-Moving Insurance IndustryNew York Times
  China Anti-Graft Body Investigating Chief Insurance RegulatorU.S. News & World Report
  Chin
  
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• Insurance companies hit with higher costs from thunderstorms - SaukValley.com

  10-04-2017 04:13 via saukvalley.com
  
  SaukValley.com
  Insurance companies hit with higher costs from thunderstorms
  SaukValley.com
  Severe storm systems leave more in their wake than death and destruction — including insurance claims. And they're piling up. Strings of destructive storms in the U.S. throughout March are expected to cost the insurance industry more than $2 billion, ...and more »
  
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• Monster Truck Show Crushes Its Way Into the Cross Insurance Center - WABI

  10-04-2017 03:40 via wabi.tv
  
  WABI
  Monster Truck Show Crushes Its Way Into the Cross Insurance Center
  WABI
  Ten thousand pound car-crushing giant trucks took over the Cross Insurance Center in Bangor this weekend. The Traxxas Monster Truck Destruction Tour finished up today. The family-friendly event kicked off on Friday with racing and wheelie contests.and more »
  
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• Brexit, political uncertainty to curb European insurance M&A: ratings agency - Reuters

  10-04-2017 01:17 via reuters.com
  
  Brexit, political uncertainty to curb European insurance M&A: ratings agency
  Reuters
  LONDON Brexit and political uncertainty in Europe are likely to depress merger activity among European insurers this year, after a steep decline in deals in 2016, ratings agency AM Best said on Monday. Mergers in Europe involving an insurer on at least ...and more »
  
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• Thunderstorms are getting more destructive — and insurance companies are paying for it - Peoria Journal Star

  10-04-2017 00:55 via pjstar.com
  
  Peoria Journal Star
  Thunderstorms are getting more destructive — and insurance companies are paying for it
  Peoria Journal Star
  Severe storm systems leave more in their wake than death and destruction — including insurance claims. And they're piling up. Strings of destructive storms in the U.S. throughout March are expected to cost the insurance industry more than $2 billion, ...
  
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• Transgender University Employees Sue Over Insurance Cuts - Diverse: Issues in Higher Education

  10-04-2017 00:07 via diverseeducation.com
  
  Transgender University Employees Sue Over Insurance Cuts
  Diverse: Issues in Higher Education
  MADISON, Wis. — Two transgender University of Wisconsin employees are suing the state's insurance board and the UW System after it stopped covering sex reassignment procedures. The American Civil Liberties Union and the ACLU of Wisconsin on ...and more »
  
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