Insurance news

• Zenefits fined by NY regulator for unlicensed insurance sales - CNBC

  11-04-2017 20:05 via cnbc.com
  
  CNBC
  Zenefits fined by NY regulator for unlicensed insurance sales
  CNBC
  Health benefits broker Zenefits was fined $1.2 million with New York's financial services regulator on Tuesday for letting unlicensed employees solicit, negotiate and sell insurance policies, the latest regulatory blow for the software startup ...and more »
  
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• Report: Claims from Workers in California’s Sierras Involve Only 4 Industries

  11-04-2017 20:05
  
  More than half of all claims from workers living in California’s Sierras involve only four industries, according to a report out today from the California Workers’ Compensation Institute. The CWCI’s California Workers’ Comp Regional Score Card examines the claims experience …
  
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• Midwest Health Plan Sues Feds for Back ACA Payments

  11-04-2017 18:54
  
  Sanford Health Plan, which serves South Dakota, North Dakota and Iowa, is suing the federal government, saying it owes nearly $9 million in payments under a program included in the Affordable Care Act. The Argus Leader reports the program, which …
  
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• U.S. Risk, Aspen Insurance to Offer Specialty Marine Product - Insurance Journal

  11-04-2017 18:51 via insurancejournal.com
  
  U.S. Risk, Aspen Insurance to Offer Specialty Marine Product
  Insurance Journal
  U.S. Risk, LLC has formed a strategic alliance with Aspen American Insurance Co., a subsidiary of Aspen Insurance Holdings Limited, to offer a specialty in.and more »
  
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• U.S. Risk, Aspen Insurance to Offer Specialty Marine Product

  11-04-2017 18:51
  
  U.S. Risk, LLC has formed a strategic alliance with Aspen American Insurance Co., a subsidiary of Aspen Insurance Holdings Limited, to offer a specialty insurance product designed for the marine industry which will provide comprehensive coverage for vessel-assist towboat operators, …
  
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• Michigan Hit with Flooding, Severe Thunderstorms

  11-04-2017 18:43
  
  Flooding in southwestern Michigan closed several roadways and swamped the home of the Kalamazoo Growlers baseball team while severe thunderstorms caused damage in the Upper Peninsula. The Kalamazoo River is one of several across Michigan’s Lower Peninsula where flood warnings …
  
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• Brady, Chapman, Holland & Associates Exec Joins RiskProNet Board

  11-04-2017 18:40
  
  Tim Brady, shareholder and senior vice president of Texas-based Brady, Chapman, Holland and Associates Inc., has been elected to the board of directors of RiskProNet International, an association of leading independent insurance brokers in North America. RiskProNet member firms have …
  
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• Oklahoma, British Professors Studying Terrorism Prevention for Buildings

  11-04-2017 18:37
  
  David McIlhatton knows terrorism cannot be prevented. But measures to keep people safe often deter people from visiting sites or cities. “We don’t want a strong physical (security) presence because that doesn’t do anything to engage investment,” he told The …
  
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• Ohio Physician Pleads Guilty to Role in Pill Mill

  11-04-2017 18:32
  
  Margaret Temponeras, 52, of Portsmouth, Ohio, has pleaded guilty in U.S. District Court to conspiracy to distribute a controlled substance, which she did through a pain clinic and dispensary, according to the U.S. Attorney’s Office (USAO) for the Southern District …
  
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• Chicago’s HDI Global Insurance Adds to U.S. Engineering, Construction Team

  11-04-2017 18:24
  
  Industrial lines insurer HDI Global Insurance Co., based in Chicago, has added personnel to its Engineering Lines and Construction division. Mark Groenheide, vice president, engineering lines underwriting manager, is responsible for the strategic growth of the portfolio and will lead …
  
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• U.K. car insurance premiums may rise 28 percent to record $1,200 a year

  11-04-2017 18:01
  
  The British government in February cut the so-called Ogden discount rate used by car insurers to calculate payouts for personal-injury claims.
  
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• The number of Americans without health insurance rose in first ... - CNBC

  11-04-2017 17:59 via cnbc.com
  
  CNBC
  The number of Americans without health insurance rose in first ...
  CNBC
  With President Donald Trump in the White House, the fate of Obama's health-care legislation remains unsettled.
  US Uninsured Rate Edges Up SlightlyGallupall 9 news articles »
  
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• U.S. Fund Payouts to Terrorism Victims to Reach $1 Billion

  11-04-2017 17:57
  
  The Justice Department said it has made payments totaling more than $800 million from the U.S. Victims of State Sponsored Terrorism Fund to compensate thousands of U.S. victims of international acts of terrorism by state sponsors of terrorism. The  government said …
  
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• Applicants Sought for Boards of Texas FAIR Plan, Windstorm Association

  11-04-2017 17:51
  
  The Texas Department of Insurance is looking for people to serve on the board that governs the Fair Access to Insurance Requirements (FAIR) Plan, which provides residential property insurance in underserved areas where it’s not readily available through the private …
  
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• Deal Named Business Development Manager at LevelFirst in Dallas

  11-04-2017 17:47
  
  LevelFirst, the wholesale broker and MGA binding facility owned by IIAT Services Co., has appointed Richard Deal as business development manager. Deal is tasked with maximizing the potential of existing relationships as well as growing revenue from new business and …
  
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• How carriers can leverage the power of big data

  11-04-2017 17:35
  
  In today’s increasingly digital world, failing to invest in and prioritize big data, artificial intelligence and machine learning capabilities will come at a cost to insurance carriers.
  
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• Owners of California Hotel Cleaning Firm Plead Guilty to Workers’ Comp Fraud

  11-04-2017 17:07
  
  The owners of a cleaning company serving luxury hotels in Southern California and Nevada have pleaded guilty in connection with a nearly $7 million insurance and tax scam. The San Diego Union-Tribune reported Hyok “Steven” Kwon and his wife, Woo …
  
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• Heffernan Acquires National Truck Services Group in Arizona

  11-04-2017 17:01
  
  Heffernan Insurance Brokers has acquired the assets of Phoenix, Ariz.-based National Truck Services Group. The NTSG leadership personnel, AJ Planeta, sales manager, and Kathy Herter commercial lines manager, will oversee Heffernan’s newest office in Phoenix. NTSG has a team of …
  
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• Chubb names North America commercial insurance division president

  11-04-2017 16:55
  
  Scott Gunter has been appointed senior vice president, Chubb Group, division president, North America commercial insurance.
  
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• Harvard/UCLA Study Questions High Costs of Hospital-Based Primary Care

  11-04-2017 16:48
  
  Patients with common conditions such as back pain, headaches and upper respiratory infections are more likely to receive tests and services of uncertain or little diagnostic or therapeutic benefit— so-called low-value care —when they seek treatment in primary care clinics …
  
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• Jetty launches across multiple states with city dwellers in mind

  11-04-2017 16:45
  
  Jetty, a new insurance provider, has launched in multiple states to provide insurance specifically designed for city dwellers.
  
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• Beazley Joins EbixExchange Accounting Platform

  11-04-2017 16:14
  
  Ebix Europe, the electronic messaging communications specialists for the global re/insurance market, announced that insurer Beazley is the latest carrier to join its EbixExchange accounting platform. Using ACORD standards, the platform adds transparency and accelerates the accounting and settlement process, …
  
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• Starbucks in China Provides Health Cover for Workers’ Parents

  11-04-2017 15:35
  
  Starbucks Corp. will provide Chinese workers with health insurance that extends coverage to their parents, a unique offering by the coffeehouse chain that may be used by more than 10,000 people to treat conditions such as cancer, heart disease and …
  
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• China’s Probe of Regulatory Chief Won’t Slow Insurers’ Overseas M&A: Opinion

  11-04-2017 15:26
  
  Xiang Junbo, the man on whose watch China’s insurance industry flourished, is now himself under investigation. As Bloomberg News reported over the weekend, China’s anti-graft agency is probing the nation’s top insurance official as the government steps up a bid to …
  
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• Six Months Later, Hurricane Flood Victims Still Recovering in Virginia

  11-04-2017 15:20
  
  In the months since Hurricane Matthew, Dawn Sawyer has watched her 9-year-old, Sam, bite his nails down to “nubs.” She’s never seen him do that before. As Sam remembers it, he slept right through the storm. He knows the water …
  
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• Chubb Promotes Samuel as Head of Power & Utilities for Asia

  11-04-2017 15:09
  
  Chubb has appointed Titus Samuel as the new head of Power and Utilities for Asia. Samuel will be based in Singapore and will report to Mick Peacock, head of Power and Energy for Asia Pacific. Prior to his new appointment, Samuel was Chubb’s Power Risk Engineer …
  
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• Risk Strategies Acquires Massachusetts’ Mosse & Mosse

  11-04-2017 14:36
  
  Risk Strategies Company, a privately held, national insurance brokerage and risk management firm, has added to its employee benefits practice and expertise with the acquisition of Mosse & Mosse Associates LLC’s commercial benefits and consulting operations. Terms of the deal …
  
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• Financial Spring Cleaning: Life Insurance Audit - Forbes - Forbes

  11-04-2017 14:32 via forbes.com
  
  Forbes
  Financial Spring Cleaning: Life Insurance Audit - Forbes
  Forbes
  We don't like to talk about life insurance especially because it requires acknowledgment of the fragility of our lives. But considering the extremely high probability ...and more »
  
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• QBE North America Names CNA’s Beckman Chief Underwriting Officer

  11-04-2017 14:09
  
  QBE North America has appointed John Beckman as chief underwriting officer. Beckman will be responsible for efforts to enhance underwriting practices and processes, including product development, technical leadership and risk appetites. Beckman will also serve as a member of the QBE …
  
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• UK Car Premiums Rise by 16% to $949 with More Pain Ahead: Willis Towers Watson, Confused.com

  11-04-2017 14:01
  
  U.K. car insurance premiums rose 1.8 percent in the first quarter of 2017, with motorists now paying an average of £781 ($949), which is £110 ($134) more than they were paying this time last year, according to data compiled by …
  
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• When is the right time to buy life insurance? - USA TODAY

  11-04-2017 13:07 via usatoday.com
  
  USA TODAY
  When is the right time to buy life insurance?
  USA TODAY
  Intellectually, almost everyone understands the value of life insurance. Simply put, a life insurance policy is a way to look out for loved ones in the event of your death. But when is the right time – and the right way – to buy life insurance? Three ...
  
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• America's flood insurance system is sinking - CBS News - CBS News

  11-04-2017 12:01 via cbsnews.com
  
  CBS News
  America's flood insurance system is sinking - CBS News
  CBS News
  The National Flood Insurance Program expires this fall, but will Congress act in time to renew it, or even better, fix it?and more »
  
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• Using catastrophe modeling to predict risk scenarios

  11-04-2017 12:00
  
  Models can be used to determine risk for everything from catastrophes to flu outbreaks.
  
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• Q&A: Art Theft and Its Impact on the Insurance Industry

  11-04-2017 12:00
  
  Bill Anderson, a managing partner of Brooklyn, New York-based Art Guard, recently spoke with Insurance Journal about issues related to insurance and artwork. Anderson has observed that roughly more than 50% of art thefts occur at private homes, and with …
  
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• Chubb Appoints Robic to Succeed Gunter in High-Net-Worth Position

  11-04-2017 08:00
  
  Chubb has appointed Ana Robic to chief operating officer, North America Personal Risk Services. In her new role, she will be responsible for strategies and activities relating to profitable growth for Chubb’s high-net-worth personal insurance division, including sales and distribution, underwriting and …
  
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• Weather Service Warns of High Fire Risk in West Virginia

  11-04-2017 07:31
  
  The National Weather Service says warm, dry conditions and gusty winds have increased the chances for wildfires in West Virginia. The weather service says in a news release Sunday that outdoor burning is considered extremely dangerous. The statement says residents …
  
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• 5 Children Sent to Hospital in South Carolina After Bounce House Goes Airborne

  11-04-2017 07:27
  
  South Carolina authorities say a bounce house was lifted into the air by a gust of wind, sending several children to the hospital. Taylors Fire Battalion Chief Ricky Reed told The Greenville News that the accident happened 2 p.m. Saturday …
  
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• UPC Insurance, American Coastal Complete Merger

  11-04-2017 07:21
  
  United Insurance Holdings Corp. (UPC Insurance), a property and casualty insurance holding company, announced April 3 it has received all necessary regulatory approvals, met all other closing conditions and successfully completed its merger with American Coastal Insurance Co. The acquisition …
  
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• Landers to Open New Brightway Insurance Agency in South Florida

  11-04-2017 07:12
  
  Kandie Landers, owner of Brightway, The Landers Agency in Glendale, Colo., is expanding to become a multi-unit owner with Brightway Insurance with the opening of her second agency in South Florida this spring. Landers’ first agency in Glendale, Colo., opened …
  
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• Making a Federal Case Out of ‘Legal’ Marijuana Insurance Claims

  11-04-2017 07:00
  
  Michael Johnston, the great, great grandson of the founder of one of the first Baptist churches in Texas, grew up being constantly warned about sin, including the evils of television and dancing.  Thus it is a bit strange even to …
  
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• Looks Like Below-Average Atlantic Hurricane Season, Say Colorado Forecasters

  11-04-2017 07:00
  
  Colorado State University hurricane researchers are predicting a slightly below-average Atlantic hurricane season in 2017, citing the potential development of El Niño as well as recent anomalous cooling in the tropical Atlantic as primary factors. The CSU Tropical Meteorology Project team …
  
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• Looks Like Below-Average Atlantic Hurricane Season for 2017, Say Colorado State Forecasters

  11-04-2017 07:00
  
  Colorado State University hurricane researchers are predicting a slightly below-average Atlantic hurricane season in 2017, citing the potential development of El Niño as well as recent anomalous cooling in the tropical Atlantic as primary factors. The CSU Tropical Meteorology Project team …
  
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• Congress Sends Bill to Boost Weather Research to President’s Desk

  11-04-2017 07:00
  
  The National Weather Service would have to boost research – including some from private companies – to improve forecasts and storm warnings under a bill headed to President Donald trump’s desk. Lawmakers said the bill should save lives by giving residents more …
  
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• Minimize your risk of distracted driving with these 7 tips

  11-04-2017 06:01
  
  Distracted driving is more than texting or talking on your cell phone. It can include eating or just changing the channel on your entertainment system. Here are seven ways to minimize your risk.
  
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• RIC Brings on Herron in Southern California from Hanover

  11-04-2017 02:49
  
  RIC Insurance General Agency has named Patty Herron a business development manager to expand its commercial and personal lines marketing efforts. Herron will work primarily with retail insurance agents in California in Orange, San Diego and Imperial counties. Herron was …
  
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