Insurance news

• Huguely insurance decision appealed - The Daily Progress

  12-04-2017 23:59 via dailyprogress.com
  
  The Daily Progress
  Huguely insurance decision appealed
  The Daily Progress
  The mother of Yeardley Love, the University of Virginia lacrosse player who was slain in 2010, is appealing a Maryland judge's decision not to require an insurance company to indemnify George Huguely V in his upcoming wrongful-death suit. In March ...
  
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• Insurance bills threaten Texas property owners - mySanAntonio.com

  12-04-2017 23:52 via mysanantonio.com
  
  mySanAntonio.com
  Insurance bills threaten Texas property owners
  mySanAntonio.com
  Roberto Torres picks up debris at the Woodlake Estates on the cityís northeast side on April 13, 2016, after a severe hailstorm hit the area. So-called Blue Tarp bills in the Legislature will weaken your ability to collect from your insurance company ...
  
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• Navy lieutenant at MacDill charged with torching his house for insurance payout - Tampabay.com

  12-04-2017 23:06 via tampabay.com
  
  Tampabay.com
  Navy lieutenant at MacDill charged with torching his house for insurance payout
  Tampabay.com
  TAMPA — After fire gutted his home three years ago, U.S. Navy Lt. Nolen Zander told investigators the burns on his face and hands were from the radiator in his Volkswagen Jetta, authorities say.
  
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• AIG Announces Consumer Insurance Investor Day - Yahoo Finance

  12-04-2017 22:16 via finance.yahoo.com
  AIG Announces Consumer Insurance Investor Day
  Yahoo Finance
  American International Group, Inc. (AIG) will hold a Consumer Insurance Investor Day focused on Japan and Personal Insurance in New York City on Monday, May 15, 2017. The presentations will begin at 9:30 a.m. and end at approximately 11:00 a.m. ET., ...and more »
  
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• Bipartisan support for insurance access for women that become pregnant - WTNH Connecticut News (press release)

  12-04-2017 21:49 via wtnh.com
  
  WTNH Connecticut News (press release)
  Bipartisan support for insurance access for women that become pregnant
  WTNH Connecticut News (press release)
  HARTFORD, Conn. (WTNH) — A big push Wednesday by Republicans and Democrats at the Capitol to allow uninsured women that become pregnant to be able to purchase health care coverage outside of the normal enrollment period. But Connecticut ...and more »
  
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• Society Insurance receives Proudly We Hail Award - Fond du Lac Reporter

  12-04-2017 21:44 via fdlreporter.com
  
  Fond du Lac Reporter
  Society Insurance receives Proudly We Hail Award
  Fond du Lac Reporter
  FOND DU LAC - The Exchange Club of Fond du Lac has presented Society Insurance with its Proudly We Hail award, which honors individuals and businesses for their patriotic display of the American flag. RELATED: Society Insurance donates $100K to ...and more »
  
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• Health groups band together on insurance payments - Washington Examiner

  12-04-2017 21:44 via washingtonexaminer.com
  
  Washington Examiner
  Health groups band together on insurance payments
  Washington Examiner
  Eight medical groups sent a letter to President Trump and congressional leaders Wednesday urging them to take "quick action" to stabilize Obamacare's insurance exchanges by funding a program that reduces out-of-pocket medical expenses for patients.
  Insurance, medical groups urge Trump to keep funding Obamacare subsidiesReutersall 29 news articles »
  
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• Insurance Law Podcast Discusses Intellectual Property - Yahoo Finance

  12-04-2017 21:12 via finance.yahoo.com
  Insurance Law Podcast Discusses Intellectual Property
  Yahoo Finance
  A.M. Best and Best's Recommended Insurance Attorneys and Adjusters have released the latest installment of the Insurance Law Podcast, a series that examines timely insurance issues from an attorney's point of view. This episode features Attorney Martha ...and more »
  
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• Texas ranks 5th in nation for dog bite insurance claims, State Farm says - Dallas News (blog)

  12-04-2017 21:11 via dallasnews.com
  
  Dallas News (blog)
  Texas ranks 5th in nation for dog bite insurance claims, State Farm says
  Dallas News (blog)
  Texas ranked fifth for the most dog bite claims in the nation last year, according to State Farm Insurance. Although claims in Texas inched up in 2016, from 165 claims in 2015 to 168 last year, the state dropped from third to fifth in claims, according ...
  Insurance payouts for dog-related injuries hit record highOmaha World-Herald
  Throwing cold water on the insurance industry's dog bi
  
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• Five from Bucks County among 28 charged statewide following insurance fraud sweep - Bucks Local News

  12-04-2017 20:07 via buckslocalnews.com
  
  Bucks Local News
  Five from Bucks County among 28 charged statewide following insurance fraud sweep
  Bucks Local News
  Cynthia R. McDonough, left, of Lower Makefield, and Frank Tuccillo, of Bristol, face criminal charges for making fraudulent insurance claims. prev. next. HARRISBURG >> Attorney General Josh Shapiro has announced the filing of criminal charges against ...
  
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• Considering Annuities As Insurance - PLANSPONSOR

  12-04-2017 20:07 via plansponsor.com
  Considering Annuities As Insurance
  PLANSPONSOR
  Roberta Rafaloff, with MetLife, says plan sponsors should stop discussing annuities as if they are investments. By John Manganaro [email protected] | April 12, 2017. Page 1 of 2 View Full Article · print button · reprint button; email; facebook ...
  
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• Mnuchin's OneWest Avoided Force-Placed Insurance Class Actions During Crisis - Bloomberg BNA

  12-04-2017 20:02 via bna.com
  
  Mnuchin's OneWest Avoided Force-Placed Insurance Class Actions During Crisis
  Bloomberg BNA
  Class Action Litigation Report® is a one-stop resource for tracking the most important class-action and multi-party litigation across the nation, and across all subjects with particular focus on... By Llewellyn Hinkes-Jones. OneWest Bank, the mortgage ...
  
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• State insurance commissioners consider strengthening annuity sales rules - InvestmentNews

  12-04-2017 19:49 via investmentnews.com
  
  InvestmentNews
  State insurance commissioners consider strengthening annuity sales rules
  InvestmentNews
  The National Association of Insurance Commissioners launched an annuity suitability working group April 8 at the organization's spring meeting in Denver. The panel will review the NAIC's model regulation for annuity transactions, a measure that was ...
  
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• Committee passes bill requiring insurance coverage for autism therapy - AL.com

  12-04-2017 19:21 via al.com
  
  AL.com
  Committee passes bill requiring insurance coverage for autism therapy
  AL.com
  A bill to require insurance coverage for autism therapy passed out of committee today, sending it on to the state house for a full vote. Alabama is one of five states with no requirement that insurance companies cover applied behavior analysis, the ...and more »
  
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• Around the P&C insurance industry: April 12, 2017

  12-04-2017 19:15
  
  News from Willis Towers Watson, Davies Group, FM Global and more.
  
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• $1.6B in Federal Aid Now Available for Louisiana Flood Recovery

  12-04-2017 18:51
  
  After months of working through the federal bureaucracy, Louisiana has access to the $1.6 billion in federal aid earmarked by Congress for flood recovery. Gov. John Bel Edwards’ administration says the U.S. Department of Housing and Urban Development, or HUD, …
  
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• Nebraska Mortuary, Insurers File Suit Over Bad Cremation Unit

  12-04-2017 18:46
  
  An Omaha, Neb., mortuary and its insurers have sued a Pennsylvania company, alleging that it didn’t properly rebuild a cremation machine blamed for a fire that injured four people. The Jan. 26, 2016, blaze heavily damaged the Heafey-Hoffmann-Dworak-Cutler funeral chapel. …
  
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• Indiana Museum Exhibit Explains Why Natural Disasters Occur

  12-04-2017 18:42
  
  Natural disasters can strike at any time, often without warning, and devastate cities, regions, states and countries. Nature Unleashed, a new exhibit at the Indiana State Museum, aims to help Hoosiers understand why tornadoes, earthquakes, hurricanes, tsunamis and volcanic eruptions …
  
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• Argo Surety Adds Liberty Mutual’s Bluzard in Houston Contract Surety Unit

  12-04-2017 18:38
  
  Argo Surety has appointed James Bluzard as central region vice president for Contract Surety. Based in Houston, Bluzard is responsible for building out local office teams and supervision of underwriting and related activities. Bluzard brings 17 years of experience in …
  
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• Nebraska’s Method Insurance Services Adds Brunson

  12-04-2017 18:33
  
  Method Insurance Services in Omaha, Neb., has hired Michael Brunson as business development specialist. In this position, Brunson will focus on building Method’s agency distribution network in key Midwest states, as well as roll out the StoneTrust program in Nebraska. …
  
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• TWFG to Honor Successful Agents at Mexico Resort

  12-04-2017 18:27
  
  The Woodlands, Texas-based insurance agency, The Woodlands Financial Group (TWFG), is honoring 20-plus members of its TWFG President’s Club and their guests the Dream Resorts Los Cabos Suites Golf Resort and Spa from April 19-23. In an agency release, TWFG …
  
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• Oklahoma Bill Would Allow Health Insurance Sales Across State Lines - Insurance Journal

  12-04-2017 18:22 via insurancejournal.com
  
  Oklahoma Bill Would Allow Health Insurance Sales Across State Lines
  Insurance Journal
  The Oklahoma House Insurance Committee has passed a bill that will allow individuals to purchase health insurance across state lines. Senate Bill 478, by state Rep. Lewis Moore and Bill Brown of the Senate, will allow the Oklahoma Insurance Department ...and more »
  
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• Oklahoma Bill Would Allow Health Insurance Sales Across State Lines

  12-04-2017 18:22
  
  The Oklahoma House Insurance Committee has passed a bill that will allow individuals to purchase health insurance across state lines. Senate Bill 478, by state Rep. Lewis Moore and Bill Brown of the Senate, will allow the Oklahoma Insurance Department …
  
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• Third Point Re Names Berkshire Hathaway’s Govrin to U.S. Underwriting Post

  12-04-2017 18:09
  
  David Govrin has been appointed to the position of executive vice president of underwriting for Third Point Reinsurance (USA) Ltd. Govrin brings 25 years of experience in the insurance industry to his new role.  Prior to joining Third Point Re, Govrin served for …
  
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• Board Member Paulson’s Disclosure of His Fund’s AIG Stock Sale Questioned

  12-04-2017 17:58
  
  When a board member of a publicly traded U.S. company sells even a small personal holding, the director typically has just two business days to disclose the transaction, under securities rules to promote transparency. But when John Paulson’s hedge fund …
  
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• Worldwide Facilities Adds Coverage Suite for Autonomous Vehicle Industry

  12-04-2017 17:19
  
  Worldwide Facilities is has added commercial auto liability, physical damage, and inland marine coverages for autonomous vehicle manufacturers, research and development firms, and component parts manufacturers, including those involved in the production of full Level-4 autonomous vehicles. As modern vehicles …
  
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• China’s Ant Financial to Offer Mobile Finance Services in Indonesia

  12-04-2017 17:18
  
  Ant Financial, the finance affiliate of Alibaba Group Holding, and Indonesian media company Elang Mahkota Teknologi (Emtek) are to form a joint venture to offer payment and financial services in Indonesia. The Emtek tie-up is Ant’s fifth international payments deal …
  
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• Florida Gov Declares Emergency As More Than 100 Wildfires Burn Across State

  12-04-2017 17:07
  
  The Florida Forest Service says more than 100 active wildfires are burning across the state right now. The Tampa Bay Times reports 25 of them are scorching more than 100 acres each. Since February, wildfires have swept across 68,000 acres …
  
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• California Jury Returns $454M Verdict in Hospital Gown Suit

  12-04-2017 17:07
  
  Kimberly-Clark and its spinoff medical technology firm Halyard Health have been hit with $454 million in compensatory and punitive damages, after a federal jury found the companies misled California buyers about the impermeability of their MicroCool surgical gowns. Jurors in …
  
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• Identifying Surgical Patients at Risk of Becoming Long-Term Opioid Users

  12-04-2017 17:05
  
  Having surgery always comes with risks. But a new study suggests a new one to add to the usual list: the risk of becoming a long-term opioid user. About six percent of people who hadn’t been taking opioids before their …
  
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• Alliant in California Forms Specialty Group, Names Arkely President

  12-04-2017 16:54
  
  Newport Beach, Calif.-based Alliant Insurance Services has combined its portfolio of specialty insurance practices under one banner forming the Alliant specialty group. The group will be led by Peter Arkley, who is with the construction services group. The new group …
  
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• ProPublica investigates racial disparities in car insurance premiums in Missouri, Illinois - St. Louis American

  12-04-2017 16:46 via stlamerican.com
  
  St. Louis American
  ProPublica investigates racial disparities in car insurance premiums in Missouri, Illinois
  St. Louis American
  Last week, ProPublica and Consumer Reports released a first-of-its-kind analysis of car insurance premiums in California, Illinois, Texas & Missouri showing some minority neighborhoods pay higher auto insurance premiums than white areas with similar risk.and more »
  
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• AmTrust Denies Knowledge of FBI Accounting Probe; Touts New Financial Team

  12-04-2017 16:00
  
  AmTrust Financial saw its stock price plunge nearly 19 percent Tuesday following a Wall Street Journal report alleging a 2014 FBI investigation of its accounting practices. The New York-based insurance company denied knowledge of any investigation and has tried to move on from …
  
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• Old Mutual Backs Its South Sudan Businesses – Despite War, Famine

  12-04-2017 15:57
  
  Old Mutual Plc will continue to back its businesses in war-torn South Sudan even after profit plunged last year because the economy shrank and customers scaled back operations. “Though we’re not expanding as fast as we would like to, we …
  
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• Thissen addresses BOE on health insurance for district - Hays Daily News

  12-04-2017 15:35 via hdnews.net
  
  Thissen addresses BOE on health insurance for district
  Hays Daily News
  Hays USD 489 Superintendent John Thissen spoke to the board of education about the possibility of looking at different health insurance plans for the district Monday evening at the Rockwell Administration Center. One of the main concerns Thissen has is ...
  
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• AXIS Re Names XL Catlin’s Leahey as Senior Cat U/W for Europe, MENA

  12-04-2017 14:51
  
  AXIS Capital Holdings Ltd. announced the appointment of Michael Leahey as vice president and deputy head of Catastrophe Underwriting for Europe, Middle East and North Africa (MENA), and Israel, for AXIS Re. In addition to underwriting property catastrophe reinsurance business in those regions, Leahey will …
  
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• First Steps Under New York’s Cyber Rules: Risk Assessment, Policies, Procedures

  12-04-2017 14:19
  
  The Cybersecurity Requirements for Financial Services Companies (cyber rules) promulgated by the New York Department of Financial Services went into effect on March 1. Now, insurance companies, agencies, brokerages and producers (insurance professionals) doing business in New York, even those …
  
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• Cyber Insurance: Many Choices Now That There Is No Choice - Insurance Journal

  12-04-2017 14:05 via insurancejournal.com
  
  Insurance Journal
  Cyber Insurance: Many Choices Now That There Is No Choice
  Insurance Journal
  Every organization, of every size and operational orientation, needs cyber insurance to manage its exposures in this age of networked information. That was one thing speakers agreed on at the recent 2017 Cyber Liability Symposium held by the ...and more »
  
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• Massachusetts’ Custom House Risk Advisors Hires 3

  12-04-2017 14:04
  
  Custom House Risk Advisors (CHRA), a Westwood, Mass.-based independent risk management consulting affiliate of Starkweather & Shepley Insurance Brokerage Inc., has hired Kathleen Nickerson as vice president, Susan M. Scanlon as a risk management consultant and Janine Stewart as an …
  
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• Insurance Costs for Windstorm Egon Rise to €234M ($243M): PERILS

  12-04-2017 14:01
  
  The revised estimate of property insurance losses for Windstorm Egon, which hit France and Germany on Jan. 12-13, 2017, is €234 million ($243 million), according to PERILS AG, the independent Zurich-based company that provides industry-wide catastrophe insurance data. The cold …
  
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• Tenants, dogs and dog bites: What’s covered?

  12-04-2017 14:00
  
  In honor of National Dog Bite Prevention Week here are three Qs&As on coverage for tenants, their dogs, dog bites and other damage.
  
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• Cyber Insurance: Many Choices Now That There Is No Choice

  12-04-2017 13:59
  
  Every organization, of every size and operational orientation, needs cyber insurance to manage its exposures in this age of networked information. That was one thing speakers agreed on at the recent 2017 Cyber Liability Symposium held by the Professional Liability …
  
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• Pennsylvania’s Keystone Insurers Hires Craig from The Beacon Group

  12-04-2017 13:44
  
  Keystone Insurers Group, a Northumberland, Penn.-headquartered property and casualty insurance partnership, has named Charles A. “Tripp” Craig III director of business development. Craig has 30 years of experience in the insurance industry, most recently as a senior insurance executive for …
  
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• Zenefits Fined $1.2M for Violations of New York Insurance Law - Insurance Journal

  12-04-2017 13:30 via insurancejournal.com
  
  Zenefits Fined $1.2M for Violations of New York Insurance Law
  Insurance Journal
  The New York State Department of Financial Services (DFS) has fined YourPeople Inc., doing business as Zenefits FTW Insurance Services, $1.2 million for allowing unlicensed employees to sell insurance and failing to implement adequate compliance ...and more »
  
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• Zenefits Fined $1.2M for Violations of New York Insurance Law

  12-04-2017 13:30
  
  The New York State Department of Financial Services (DFS) has fined YourPeople Inc., doing business as Zenefits FTW Insurance Services, $1.2 million for allowing unlicensed employees to sell insurance and failing to implement adequate compliance controls and employee training, according …
  
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• Insurance companies and the Fourth Industrial Revolution: Privacy and security risks - BenefitsPro

  12-04-2017 13:23 via benefitspro.com
  
  BenefitsPro
  Insurance companies and the Fourth Industrial Revolution: Privacy and security risks
  BenefitsPro
  Aflac is a Fortune 500 company, providing financial protection to more than 50 million people worldwide. When a policyholder or insured gets sick or hurt, Aflac pays cash benefits fairly, promptly and directly to the insured. For nearly six decades ...
  
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• Cyber Breaches Permanently Hit Share Prices, Especially Financials: Study

  12-04-2017 13:03
  
  Cyber security breaches erode companies’ share prices permanently, with financials the worst hit, a study issued by IT consultant CGI and Oxford Economics has found. Severe cyber security breaches, such as those having legal or regulatory consequences, involve the loss of hundreds of …
  
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• Cyber Breaches Permanently Erode Share Prices, Especially Financials: Study

  12-04-2017 13:03
  
  Cyber security breaches erode companies’ share prices permanently, with financials the worst hit, a study issued by IT consultant CGI and Oxford Economics has found. Severe cyber security breaches, such as those having legal or regulatory consequences, involve the loss of hundreds of …
  
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• Even if State Farm wasn't 'like a good neighbor,' insured couldn't sue for fraud

  12-04-2017 12:30
  
  An injured driver argued that the State Farm insurance agent from whom he had purchased his policy had committed fraud by representing falsely to him that State Farm would treat him like a 'Good Neighbor.'
  
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• Costly Business Disruptor: Aging U.S. Infrastructure

  12-04-2017 12:30
  
  When a train jumped the tracks this past week at New York’s Penn Station, the seemingly minor accident led to a cascade of exasperating delays for hundreds of thousands of commuters. When a flood forced authorities to condemn a one-lane, …
  
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