Insurance news

• What's the Deal: Documenting your belongings for insurance - 6abc.com

  13-04-2017 23:51 via 6abc.com
  
  6abc.com
  What's the Deal: Documenting your belongings for insurance
  6abc.com
  The prospect of having to catalog every thing you own for insurance purposes is daunting even to think about. (WPVI). By Nydia Han. Thursday, April 13, 2017 05:51PM. PHILADELPHIA --. If you ever fall victim to a flood or a fire and have to replace all ...
  
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• Dems tying health insurance backing to government shutdown standoff - CNN

  13-04-2017 23:37 via cnn.com
  
  CNN
  Dems tying health insurance backing to government shutdown standoff
  CNN
  (CNN) Democrats plan to tie money promised to health insurers to offset Obamacare costs to the coming showdown over keeping the government running, a Democratic source said, following a threat from President Donald Trump Wednesday. The promise ...and more »
  
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• Texas Insurance Commissioner Mattax Passes after Cancer Battle

  13-04-2017 23:13
  
  Texas Insurance Commissioner David Mattax has passed away following a battle with cancer, Gov. Greg Abbott announced. Mattax took over as commissioner in 2015 after serving for 23 years in the Texas Attorney General’s office under then-Attorney General Abbott, most recently as deputy …
  
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• Individual insurance plans at risk in more areas with Trump threats - USA TODAY

  13-04-2017 22:25 via usatoday.com
  
  USA TODAY
  Individual insurance plans at risk in more areas with Trump threats
  USA TODAY
  Uncertainty over the Affordable Care Act's fate is threatening the future of the market for everyone who buys their own insurance in some areas, as insurers exit both the public exchanges and individual insurance sales altogether. President Trump ...
  Get set for Trump revisions to your Affordable Care Act insurance89.3 KPCC
  Trump Threatens to Withhold Payments to Insurers to Press Democrats on Health BillWal
  
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• ObamaCare insurance: fear of failure in Tennessee - Fox News

  13-04-2017 22:21 via foxnews.com
  
  Fox News
  ObamaCare insurance: fear of failure in Tennessee
  Fox News
  Knoxville, Tennessee may be the first U.S. city where ObamaCare fails. As it stands, some 40,000 people in the area will be left with no option to buy a subsidized insurance policy. Currently, Humana is the only insurer available there on the exchange.
  
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• Self-funding insurance bill dies in Senate - Bismarck Tribune

  13-04-2017 20:54 via bismarcktribune.com
  
  Bismarck Tribune
  Self-funding insurance bill dies in Senate
  Bismarck Tribune
  Sen. Dick Dever, R-Bismarck, spoke last week in opposition to House Bill 1436 to the Senate Government and Veterans Affairs Committee. He asked for more time to solve the complicated Public Employees Retirement System. The bill would allow for North ...and more »
  
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• Unlicensed insurance sales leads to $1.2M N.Y. state fine

  13-04-2017 19:32
  
  Zenefits allowed unlicensed brokers to sell group property, casualty, health and life insurance policies to employees of small- and midsized companies in New York.
  
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• Virginia father convicted of murdering baby son for life insurance - Fox News

  13-04-2017 19:22 via foxnews.com
  
  PEOPLE.com
  Virginia father convicted of murdering baby son for life insurance
  Fox News
  MANASSAS, Va. – A judge has convicted a Virginia father of murdering his 1-year-old son in an effort to collect on more than $500,000 in life insurance he had taken out on the boy. Judge Randy Bellows reached the decision Thursday in the murder trial ...
  Virginia Dad Murdered His Infant Son to Collect $500K in Life Insurance: ProsecutorPEOPLE.com
  Joaquin Rams guilty of murdering toddler for insurance mo
  
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• Oklahoma Hospital, Former Administrator, Doctors Agree to $1.6 M Settlement

  13-04-2017 18:36
  
  The U.S. Department of Justice says Norman Regional Hospital, a former hospital administrator and six doctors have agreed to pay a total of $1.6 million to settle allegations the false claims were filed for federal Medicare payments. A civil lawsuit …
  
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• Jury Awards $4.5M in California Group Home Neglect Case

  13-04-2017 18:32
  
  A former resident of a children’s group home in Northern California has been awarded nearly $4.5 million after jurors found he was severely neglected by the home’s caregivers while living at the facility. The Sacramento Bee reports the jurors determined …
  
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• New AXIS Insurance Management Liability Policy Targets Private Companies

  13-04-2017 18:29
  
  AXIS Capital Holdings Limited’s AXIS Insurance has launched AXIS Privatus Platinum, a new modular management liability policy designed to offer flexible insurance options for managing the changing needs and risks that privately held companies face in today’s complex legal and …
  
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• Texas Stamping Office Notes Changes to Eligible Surplus Lines Insurers List

  13-04-2017 18:27
  
  The Surplus Lines Stamping Office of Texas (SLTX) has identified the following changes to the Texas surplus lines insurers list: Effective Jan. 30, 2017, Fireman’s Fund Insurance Company of Ohio redomesticated to Delaware and changed its name to Independent Specialty …
  
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• Federal Lawsuit: Texas High School Students Were Hazed, Assaulted

  13-04-2017 18:23
  
  A federal lawsuit contends football players at a San Antonio-area high school were subjected to hazing, sexual abuse and other mistreatment as part of an initiation that coaches and others failed to stop. The lawsuit was filed by the parents …
  
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• Wildfire in Georgia Wildlife Refuge Grows to 6,000 Acres, Spares Communities

  13-04-2017 18:22
  
  A wildfire sparked by lightning in the Okefenokee National Wildlife Refuge is spreading through government-owned swamp and forestland, having burned more than 9 square miles (23.3 square km) near the Georgia-Florida state line. Susan Heisey, supervisory ranger for the refuge, …
  
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• Texas Driver Who Collided with Church Bus Had Taken Pills, Records Show

  13-04-2017 18:16
  
  A 20-year-old man whose pickup collided with a church minibus last month in rural Texas, killing 13 people, told state troopers he had taken prescription medication before driving and had marijuana in his truck, according to court records. The records …
  
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• Missouri Senate Passes Statewide Ride Hailing Regulation Bill

  13-04-2017 18:08
  
  Missouri Senators has passed a bill that would expand regulations for transportation companies such as Uber and Lyft — a measure that legislative leadership and Gov. Eric Greitens have called a job creator and an economic development tool for the …
  
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• Oregon, Washington Testing Early Quake Warning System

  13-04-2017 17:41
  
  An early warning system for earthquakes has been expanded to Oregon and Washington, joining California in testing a prototype that could give people seconds or up to a minute of warning before strong shaking begins. The system isn’t ready to …
  
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• 1 Killed in Explosion at Army Ammunition Plant in Missouri

  13-04-2017 17:28
  
  An explosion on April 11 at a sprawling ammunition plant near Kansas City, Missouri, killed one worker and injured four others, the U.S. Army said. The blast at the Lake City Army Ammunition Plant in Independence, just east of Kansas …
  
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• Iowa Lawmakers Pass Tougher Texting and Driving Law

  13-04-2017 17:24
  
  The Legislature has sent the governor a bill that would let police officers stop and ticket drivers who were texting while driving. The legislation approved by the House would take effect July 1 if Gov. Terry Branstad were to sign …
  
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• Iowa Lawmakers Pass Tougher Texting and Driving Bill

  13-04-2017 17:24
  
  The Legislature has sent the governor a bill that would let police officers stop and ticket drivers who were texting while driving. The legislation approved by the House would take effect July 1 if Gov. Terry Branstad were to sign …
  
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• Stocksdale Named Midwest Regional President for AssuredPartners

  13-04-2017 17:22
  
  AssuredPartners NL has promoted Chief Operating Officer Todd Stocksdale to an expanded role as president of AssuredPartners NL and Midwest regional president for AssuredPartners Inc. As the president of AssuredPartners NL, Stocksdale will oversee strategic growth, and expansion of the …
  
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• Trump May Withhold Insurers’ Funds to Force Democrats to Negotiate Healthcare

  13-04-2017 15:11
  
  U.S. President Donald Trump told The Wall Street Journal on Wednesday that he might consider withholding billions of dollars of Obamacare payments to health insurers to force Democrats back to the negotiating table on healthcare. Insurers and major medical groups …
  
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• Here’s How United Should Have Responded to Violent Removal of Passenger: Viewpoint

  13-04-2017 15:00
  
  On Monday, one of the top stories on Twitter (and nearly everywhere else) was about a doctor who was violently removed from an overbooked United Airlines flight to make room for a company staffer. Other passengers filmed the screaming man, …
  
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• Markel Names Mozingo to Grow Global Business with U.S. Brokers

  13-04-2017 14:46
  
  Markel Corporation reported that Glenn Mozingo has been named managing director, Global Insurance Business Development, and corporate account executive. In this new role, Mozingo will serve as a key point of contact for brokers throughout the U.S. He will promote product lines …
  
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• New York, New Jersey Governors Want ‘Verification’ of Penn Station Track Safety

  13-04-2017 14:06
  
  The governors of New Jersey and New York say they want “independent verification” of track safety at New York’s Penn Station, citing recent train derailments and serious service disruptions. New Jersey Republican Gov. Chris Christie and New York Democratic Gov. …
  
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• U.S. Regulators Say Students at Risk in Baltimore School Buses

  13-04-2017 14:01
  
  The U.S. National Transportation Safety Board is urgently recommending an independent audit of the Baltimore schools’ transportation department, saying students remain at risk after a crash that killed six people. The agency made recommendations Tuesday to state and city school …
  
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• 4 emerging risks to watch in 2017

  13-04-2017 14:00
  
  Experts predict cyber risk and reputational damage will increase in frequency.
  
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• Sen. Schumer Pushes for Malt Barley Crop Insurance in New York

  13-04-2017 13:54
  
  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 was at the 1886 Malt House …
  
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• Atlantic Drain Cited for 18 Violations in Massachusetts Trench Collapse

  13-04-2017 13:44
  
  Robert Higgins and Kelvin Mattocks died on Oct. 21, 2016, in Boston, Mass., when the approximately 12-foot deep trench in which they were working collapsed, breaking an adjacent fire hydrant supply line and filling the trench with water in a …
  
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• Insured Losses for Europe’s Storm Zeus Estimated at US$200M: PERILS

  13-04-2017 12:46
  
  The initial estimate of insured property market losses for extratropical cyclone Zeus, which mainly hit France on March 6-7, is €192 million (US$200 million), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. Low pressure system …
  
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• Malaysia Eyes Tougher Enforcement of Cap on Foreign Ownership: Sources

  13-04-2017 12:17
  
  Malaysia is weighing tougher enforcement of a cap on foreign ownership of insurers as it seeks to boost local participation in the industry, people with knowledge of the matter said. The central bank is considering more strictly applying an existing policy …
  
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• Why the human touch matters when buying insurance

  13-04-2017 12:15
  
  Buying insurance online may be more convenient, but what happens when you don't have the coverage you thought you were getting?
  
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• Liability claims: Emerging technological influences to watch

  13-04-2017 12:00
  
  Liabilities claims are expanding as technology expands. Here are future influences to watch out for.
  
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• Brit Appoints ArgoGlobal’s Lim as CEO of Brit Singapore

  13-04-2017 11:58
  
  Brit Ltd. announced that it has appointed David Lim as CEO, Brit Global Specialty Singapore, with effect from May 15, 2017. Following the appointment, Lim, together with Charles Barrett, chief underwriting officer, Asia Pacific, will be responsible for identifying growth …
  
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• Zurich Buys Australia’s Largest Travel Insurer, Cover-More, for US$551M

  13-04-2017 11:45
  
  Zurich Insurance Group has successfully acquired Cover-More Group Ltd., a leading travel insurance and assistance solutions provider based in Sydney with a strong market position in Australia, India and the U.S. This transaction is an important milestone for Zurich as …
  
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• Brennan Named Account Manager at Cavignac & Associates in California

  13-04-2017 11:00
  
  San Diego, Ca.-based Cavignac & Associates has named Julie Brennan as senior account manager within the agency’s construction practice. Brennan will serve as the main point-of-contact at the agency for both surety and commercial insurance clients. She is charged with …
  
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• Insurers to Pay an Estimated $1.3B for Cyclone Debbie: Swiss Re

  13-04-2017 10:40
  
  Cyclone Debbie cost Swiss Re an estimated $350 million and the insurance industry roughly $1.3 billion, the world’s second-biggest reinsurer said on Thursday, an unusually high loss that could see reinsurance prices rise in Australia. Cyclone Debbie, a Category 4 storm, slammed into …
  
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• Starbucks offers to pay health insurance for parents of some China ... - CNBC

  13-04-2017 10:38 via cnbc.com
  
  CNBC
  Starbucks offers to pay health insurance for parents of some China ...
  CNBC
  Starbucks is offering to foot the bill for critical illness insurance coverage for the parents of some employees in China. Called the "Starbucks China Parent Care ...and more »
  
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• Political Risk a Growing Concern, Say Brokers, Insurers

  13-04-2017 10:28
  
  Evan Freely has been insuring global risks for years — through the 2008 market meltdown, the 2002 crisis in Argentina, and the 1993 downturn in Venezuela. Yet turmoil now seems to be coming at a more rapid pace than he’s seen …
  
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• Florida Workers’ Comp Reform Battle Far From Over

  13-04-2017 08:15
  
  Several bills addressing changes to Florida’s workers’ compensation system were filed this legislative session in response to court decisions from the state’s high court in 2016, but it remains to be seen which, if any, will make it through. So …
  
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• Cyber Losses Testing Insurance Policy Boundaries - Insurance Journal

  13-04-2017 07:07 via insurancejournal.com
  
  Insurance Journal
  Cyber Losses Testing Insurance Policy Boundaries
  Insurance Journal
  Now that cyber attacks and data breaches have become common, insurers and risk managers are struggling to assign the resulting costs and losses among different types of insurance. On the one hand, there are traditional property and liability policies ...
  
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• United Passenger’s Lawyers Preparing to Drag Airline Into Court

  13-04-2017 07:00
  
  Lawyers for the passenger dragged from a United Airlines plane in Chicago filed an emergency request with an Illinois state court on Wednesday to require the carrier to preserve video recordings and other evidence related to the incident. Citing the …
  
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• New Study Backs Spinal Manipulation Therapy for Low Back Pain

  13-04-2017 07:00
  
  A new study published in the Journal of the American Medical Association (JAMA) adds to a growing body of recent research supporting the use of spinal manipulative therapy (SMT) as a first line treatment for acute low back pain, according to the American Chiropractic …
  
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• Goldman Sachs Loses Bid to Limit Class Action Alleging Gender Discrimination

  13-04-2017 07:00
  
  A federal judge on Wednesday rejected Goldman Sachs Group Inc.’s bid to dismiss two of the four female plaintiffs in a proposed class-action lawsuit accusing the bank of discriminating against women in pay and promotions. U.S. District Judge Analisa Torres …
  
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• Cyber Losses Testing Insurance Policy Boundaries

  13-04-2017 07:00
  
  Now that cyber attacks and data breaches have become common, insurers and risk managers are struggling to assign the resulting costs and losses among different types of insurance. On the one hand, there are traditional property and liability policies that …
  
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• West Virginia to Spend Opioid Lawsuit Funds on Addiction Treatment Facilities

  13-04-2017 06:26
  
  With more than 30,000 West Virginians already in drug treatment, lawmakers struggling with the state’s addiction crisis have voted to spend $24 million from recent court settlements with opioid distributors to increase inpatient beds. The bill passed by the House …
  
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• 47 Residents at Florida Apartment Complex Displaced by Fire

  13-04-2017 06:06
  
  Officials say 47 people have been displaced after a fire at a southwest Florida apartment complex left one building uninhabitable. The Naples Daily News reports that North Collier Fire Rescue crews responded to Bear Creek Apartments on Monday. They found …
  
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• 10 emerging developments in liability insurance

  13-04-2017 06:01
  
  Life moves pretty fast, so our insurance needs to be faster. Keeping up with emerging liability risks helps both parties stay ahead.
  
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• Smart Choice Has Record Start in 2017, Forecasts Continued Growth

  13-04-2017 06:00
  
  Smart Choice added more than 100 new agency partners and more than 20 percent growth in gross commission in the first month of the year, its fastest start to a year ever, the company said in a statement. Smart Choice …
  
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• Car insurance investigation - WEAR

  13-04-2017 01:44 via weartv.com
  WEAR
  Car insurance investigation
  WEAR
  Car insurance premiums should be color-blind, but a new investigation by Consumer Reports and ProPublica reveals drivers in some minority areas are paying significantly more than can be explained by the risk. And what's more troubling is the exclusive ...
  
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