Insurance news

• Mahoning sues DeLong for insurance payments - Sunbury Daily Item

  17-04-2017 23:40
  
  Mahoning sues DeLong for insurance payments
  Sunbury Daily Item
  DANVILLE — Mahoning Township is seeking health insurance benefit payments of $9,276 from the former supervisor and township-secretary. The township is also asking the Montour County Court to rule in its favor and allow the township to stop paying for ...
  
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• Northwestern Mutual opens 'innovation lab' in Austin for financial planning, insurance tinkering; hiring continues - Austin Business Journal

  17-04-2017 22:49
  Northwestern Mutual opens 'innovation lab' in Austin for financial planning, insurance tinkering; hiring continues
  Austin Business Journal
  The 160-year-old company is trying to come up with some new ideas with the help of its Austin employees. It also wants to hire scores of new workers in the Texas capital. Subscribe to get the full story. Already a subscriber? Sign in. Subscribe to get the
  
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• New federal rule to stabilize jittery insurance market may not be enough - Chron.com

  17-04-2017 21:56
  
  Chron.com
  New federal rule to stabilize jittery insurance market may not be enough
  Chron.com
  New federal guidelines to help shore up a jittery individual health insurance market may not be enough, insurers said. The Centers for Medicare and Medicaid issued its final Market Stabilization rule last week, a move that extensively cut back the ...
  CMS issues final rule on health insurance market for 2018Healio
  HHS finalizes industry-friendly rules to help stabilize insurance marketsSacramento Beeall
  
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• Excellus fined $1M for violating NYS insurance laws - WXXI News

  17-04-2017 21:56
  
  Excellus fined $1M for violating NYS insurance laws
  WXXI News
  The Department of Financial Services has slapped Excellus Health Plans with a $1 million fine for multiple violations of New York insurance law. For one, Excellus incorrectly denied 1,000 claims for contraceptive coverage, according to the Department ...and more »
  
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• Athens-Clarke employees could get pay hike, insurance help - Online Athens

  17-04-2017 21:34
  
  Online Athens
  Athens-Clarke employees could get pay hike, insurance help
  Online Athens
  Athens-Clarke County government employees could be getting a 1 percent raise in the upcoming fiscal year, in addition to a $300 outlay from the county to help defray the costs of anticipated increases in health insurance premiums. The 1 percent pay ...
  
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• 6 ways the insurance industry can improve the consumer experience - BenefitsPro

  17-04-2017 20:33
  
  BenefitsPro
  6 ways the insurance industry can improve the consumer experience
  BenefitsPro
  Maxwell Health simplifies benefits and HR for your SMB clients. The platform includes a marketplace that makes buying benefits intuitive for employees, tools that streamline HR processes including benefits administration and payroll, and a mobile app.
  
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• State senator wants to bar ZIP code from car insurance equation - Chicago Sun-Times

  17-04-2017 20:11
  
  Chicago Sun-Times
  State senator wants to bar ZIP code from car insurance equation
  Chicago Sun-Times
  State Sen. Jacqueline Collins wants to bar insurance companies from using a person's ZIP code when setting auto insurance premiums. | Andrea Salcedo/Sun-Times. Andrea Salcedo · email. Sign-Up for our News & Politics Newsletter Sign-Up. State Sen.
  
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• Montana University System must pay insurance claims - Great Falls Tribune

  17-04-2017 20:08
  
  Great Falls Tribune
  Montana University System must pay insurance claims
  Great Falls Tribune
  HELENA — The Montana University System soon will be paying current and former employees who are owed medical insurance claims. The university system previously denied the claims, but must now pay as part of a class action settlement, The Missoulian ...and more »
  
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• Volunteer firefighters could get health insurance - The Daily Advertiser

  17-04-2017 19:09
  
  The Daily Advertiser
  Volunteer firefighters could get health insurance
  The Daily Advertiser
  BATON ROUGE — A bill allowing the state fire marshal to purchase group critical illness insurance for volunteer firefighters is on its way to the full Louisiana House after successfully passing through the Committee on Commerce. House Bill 460, by Rep.
  
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• Who's using what in the insurance industry: April 17, 2017

  17-04-2017 19:00
  
  Technology news from Travelers, Applied Systems, Townley Kenton, Sapiens International and Canal Insurance Company.
  
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• Billionaire Investor John Paulson Planning AIG Board Exit

  17-04-2017 18:43
  
  Billionaire John Paulson is planning to step down from American International Group Inc.’s board after his hedge fund sold shares in the insurer, according to a person familiar with the plan. The move is expected to be announced in the …
  
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• Trump Aims to Raise Insurer Participation in Obamacare with New Rules

  17-04-2017 18:31
  
  The Trump administration finalized a set of rules that it says will help bolster insurer participation in Obamacare’s markets, even as the president presses for repeal of the law itself. The rules, published Thursday [March 13] by the Department of …
  
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• 5-Year-Old Killed at Atlanta Rotating Restaurant

  17-04-2017 18:27
  
  Officials say a 5-year-old boy has died after getting caught in the rotating wall of an Atlanta restaurant. Atlanta Fire Department spokesman Sgt. Cortez Stafford tells The Atlanta Journal-Constitution the little boy got his head stuck between two tables and …
  
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• Texas insurance commissioner dies at 60

  17-04-2017 18:17
  
  David Mattax was appointed to serve as the Texas commissioner in January 2015.
  
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• AIG Board Refuses CEO Hancock’s 2016 Cash Bonus after Poor Earnings

  17-04-2017 18:11
  
  American International Group Inc.’s board of directors declined to award Chief Executive Officer Peter Hancock a cash bonus for his work last year, after the company’s dismal financial performance roiled shareholders, according to a proxy filing on Thursday [April 13]. …
  
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• Oklahoma Commissioner to Host Healthcare Innovation Summit

  17-04-2017 17:52
  
  Mobile apps, wearable heart monitors and high-tech shoe soles could help solve some of America’s healthcare problems. These cutting-edge products are among the topics up for discussion at the Healthcare Innovation Summit hosted by Oklahoma Insurance Commissioner John D. Doak. …
  
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• Highlands Man and His Parents Ran Insurance Fraud Scheme, AG Says - Patch.com

  17-04-2017 17:52
  
  Patch.com
  Highlands Man and His Parents Ran Insurance Fraud Scheme, AG Says
  Patch.com
  An insurance agent operating in Highlands, NJ was helped by his father and mother in selling bogus life insurance policies, the AG says. By Carly Baldwin (Patch Staff) - April 17, 2017 11:46 am ET. Highlands Man and His Parents Ran Insurance Fraud ...and more »
  
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• Cayman Islands Issues 39 Insurer Licenses in 2016

  17-04-2017 17:51
  
  The Cayman Islands Insurance Industry saw a “buoyant” start to 2017, with eight new insurer licenses issued in the first quarter, which followed a strong year in 2016 when 39 insurer licenses were issued, said the Insurance Managers Association of Cayman (IMAC). …
  
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• Miller Leaves Michigan Automobile Insurance Placement

  17-04-2017 17:49
  
  The Michigan Automobile Insurance Placement Facility has announced that Terri A. Miller, its executive director, is leaving after nearly 20 years in that role. Karyn Spaude, MAIPF’s controller, was named interim director as the organization seeks to fill the position. …
  
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• Washington Commissioner Fines Insurance Professionals over Violations - Insurance Journal

  17-04-2017 17:34
  
  Insurance Journal
  Washington Commissioner Fines Insurance Professionals over Violations
  Insurance Journal
  Washington Insurance Commissioner Mike Kreidler recently took disciplinary action and issued fines totaling $3,650 against insurance companies, agents and a continuing education provider who violated state insurance regulations. Janet Pack, Tacoma ...
  
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• Washington Commissioner Fines Insurance Professionals over Violations

  17-04-2017 17:32
  
  Washington Insurance Commissioner Mike Kreidler recently took disciplinary action and issued fines totaling $3,650 against insurance companies, agents and a continuing education provider who violated state insurance regulations. Janet Pack, Tacoma; fined $1,500 Pack reportedly sold an annuity to a …
  
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• Report Shows California Workers’ Comp Written Premium up in 2016

  17-04-2017 17:26
  
  California’s Workers’ Compensation Insurance Rating Bureau has completed its report on statewide workers’ comp insurer loss and premium experience through Dec. 31, 2016. The major findings of the WCIRB report include: California written premium for 2016 was roughly $18.1 billion, …
  
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• Tax Deadline Still Means Health Insurance Questions - NBCNews.com

  17-04-2017 17:25
  
  NBCNews.com
  Tax Deadline Still Means Health Insurance Questions
  NBCNews.com
  Federal income taxes are due April 18 and, likely for several million people, so is a fine for failing to get health insurance. Despite a lengthy debate, Congress has not yet acted on a bill to repeal portions of the Affordable Care Act. That means the ...
  Personal Online Tax Extension | TaxExtension.comTaxExtension.com
  Free File: Do Your Federal Taxes for Free - IRS.govIRS.gov
  Form 4868 - IRS.govIRS.gov
  NerdWallet 
  
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• Southern California Couple that Charged Police with Racism Arrested For Fraud

  17-04-2017 17:18
  
  A Southern California couple that had filed an official complaint accusing police officers of racism, has been arrested for insurance fraud and filing a false police report. Lamont Goodwin, 33, and Sylvia Camarillo, 31, were arrested last week by California …
  
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• Grand Theft Auto Video Game Teaches Autonomous Cars How to Drive

  17-04-2017 16:51
  
  In the race to the autonomous revolution, developers have realized there aren’t enough hours in a day to clock the real-world miles needed to teach cars how to drive themselves. Which is why Grand Theft Auto V is in the …
  
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• Worldwide Broker Network Adds Members in Germany, Croatia

  17-04-2017 16:15
  
  Worldwide Broker Network (WBN)* announced the addition of two members in Germany and Croatia, bringing the network of independent insurance brokerage and employee benefits consulting firms to 109 in 101 countries. Based on combined annual member revenues, WBN said it …
  
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• Worldwide Broker Network Add Members in Germany, Croatia

  17-04-2017 16:15
  
  Worldwide Broker Network (WBN)* announced the addition of two members in Germany and Croatia, bringing the network of independent insurance brokerage and employee benefits consulting firms to 109 in 101 countries. Based on combined annual member revenues, WBN said it …
  
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• Caution Urged as Wildfire Season Starts in New Jersey

  17-04-2017 16:07
  
  The New Jersey Forest Fire Service is urging residents to be cautious as the spring wildfire season starts in the state. The agency says this year’s season is starting a little earlier than usual because winter conditions became drier and …
  
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• New Jersey Transit Train Stuck in Tunnel Three Hours, Stun Gun Sparks Stampede

  17-04-2017 16:03
  
  A train with about 1,200 passengers became stuck in a tunnel between New York and New Jersey for nearly three hours on Friday, and the chaotic scene escalated to pandemonium when Amtrak police used a stun gun to subdue a …
  
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• Barriers to the innovative mindset

  17-04-2017 16:00
  
  Embracing an innovative mindset can be a challenge, and there are telling signs that many insurers simply do not have this capability built into their organization’s DNA.
  
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• Rolling Stone Settles, but Fight Over University of Virginia Rape Story Isn’t Over

  17-04-2017 15:25
  
  Rolling Stone magazine settled a University of Virginia administrator’s lawsuit over its discredited story about a rape on campus, but its legal fights over the botched article aren’t over. Attorneys for Rolling Stone and Nicole Eramo announced this week that …
  
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• Sompo International Taps QBE’s Sordillo as Sr. VP, Loss Control Leader

  17-04-2017 15:06
  
  Sompo International, the Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced that Victor Sordillo has joined the company as senior vice president, loss control leader. Sordillo is responsible for directing the company’s loss control team in the …
  
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• Michigan looks to kill 7-day car insurance - The Detroit News

  17-04-2017 15:01
  
  The Detroit News
  Michigan looks to kill 7-day car insurance
  The Detroit News
  Lansing – Michigan is attempting to end seven-day auto insurance policies popular with cash-strapped drivers in Detroit and other urban areas, arguing the “jump start” policies undermine state law requiring continuous no-fault coverage. The policies ...
  MIchigan Looking to Remove Seven-Day InsuranceWDETall 2 news articles »
  
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• China's top insurance regulator removed for suspected disciplinary violations - Xinhua - Reuters

  17-04-2017 14:06
  
  Reuters
  China's top insurance regulator removed for suspected disciplinary violations - Xinhua
  Reuters
  Xiang Junbo, chairman of China Insurance Regulatory Commission (CIRC), attends a news conference on the sidelines of the National People's Congress (NPC) in China's parliament, in Beijing, China March 12, 2016. Picture taken March 12, 2016.
  Sacking of Chinese Insurance Regulator Foretells Further Financial House CleaningThe Epoch Times
  China's insurance regulator Xiang Junbo removed from post
  
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• Cyber Insurance Becomes a Must for More Manufacturers - Wall Street Journal (subscription)

  17-04-2017 13:00
  
  Wall Street Journal (subscription)
  Cyber Insurance Becomes a Must for More Manufacturers
  Wall Street Journal (subscription)
  Abbott Laboratories ABT 0.96% was pilloried last week by regulators for, in part, botching its response to a report that certain company defibrillators and pacemakers could be manipulated by hackers. Shares of the health-care giant, which acquired the ...and more »
  
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• Rideshare Drivers Take ‘Huge Risk’ with Personal Auto Coverage: GEICO

  17-04-2017 12:32
  
  You are a driver for a transportation network company and then the unfortunate happens. Someone sideswipes your vehicle. In the chaotic moments after the accident, a question about your personal auto insurance coverage arises. Are you fully covered for ridesharing? …
  
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• Interest in travel insurance terrorism coverage on the rise

  17-04-2017 12:30
  
  Over the past three years, the number of travel insurance policies purchased with terrorism coverage has nearly quadrupled, according to sales data from a travel insurance comparison site.
  
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• 4 pitfalls to avoid in a cyber insurance policy

  17-04-2017 12:15
  
  There are some provisions common to many cyber policies that may present risk to all policyholders due to imprecise or restrictive coverage language.
  
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• LePage vetoes bill to allow organ donors certain insurance protections - Press Herald

  17-04-2017 12:10
  
  LePage vetoes bill to allow organ donors certain insurance protections
  Press Herald
  AUGUSTA — Maine's Republican governor is opposing a law to prohibit certain insurers from considering a person's status as a living organ donor. Gov. Paul LePage voted the bill Tuesday and said it would make Maine one of the only states in the nation ...and more »
  
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• Would you buy insurance from a convicted thief or murderer? In Pa., some get the OK to sell - Philly.com

  17-04-2017 12:08
  
  Philly.com
  Would you buy insurance from a convicted thief or murderer? In Pa., some get the OK to sell
  Philly.com
  Robert B. Asher, an influential Montgomery County Republican convicted of federal political corruption charges after a 1986 jury trial, sought and received a waiver in 2013 in order to serve on the board of insurance company Independence Blue Cross.​.
  Violations missed in insurance waivers for felonswitf.orgall 3 news articles »
  
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• How Sen. Alexander's Health Insurance Bill Could Benefit One Organization In Tennessee - WPLN

  17-04-2017 12:01
  
  WPLN
  How Sen. Alexander's Health Insurance Bill Could Benefit One Organization In Tennessee
  WPLN
  Sen. Lamar Alexander proposed a bill last month to provide more health insurance options for people under certain conditions. AMSF2011 via Flickr. Listen. Listening... /. 2:00. Hear the radio version of this story. Last month, Sen. Lamar Alexander ...and more »
  
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• China’s Ant Financial Raises Bid for Fintech Firm, MoneyGram, by 36%

  17-04-2017 12:01
  
  China’s Ant Financial has sweetened its bid for MoneyGram International Inc by 36 percent, beating a rival offer to gain approval from the U.S. electronic payment firm’s board, although it still faces regulatory hurdles. Ant, the finance affiliate of Alibaba …
  
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• China’s Anbang to Abandon Attempt to Buy Fidelity: Sources

  17-04-2017 11:39
  
  China’s Anbang Insurance Group will let its agreement to acquire U.S. annuities and life insurer Fidelity & Guaranty Life (FGL) for $1.6 billion lapse, after failing to secure all the necessary regulatory approvals, people familiar with the matter said on Sunday. The …
  
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• China’s Anbang to Abandon Attempt to Buy FGL: Sources

  17-04-2017 11:39
  
  China’s Anbang Insurance Group will let its agreement to acquire U.S. annuities and life insurer Fidelity & Guaranty Life (FGL) for $1.6 billion lapse, after failing to secure all the necessary regulatory approvals, people familiar with the matter said on Sunday. The …
  
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• Many home health care workers lack insurance of their own - CNN

  17-04-2017 11:02
  
  CNN
  Many home health care workers lack insurance of their own
  CNN
  For more than two decades, Celeste Thompson, 57, a home care worker in Missoula, Mont., had not had regular contact with a doctor -- no annual physicals and limited sick visits. She also needed new glasses. Like many others who work in the lower rungs ...
  How Trump insurance changes could affect your coverage next yearKMOV.com
  Deroy Murdock: Replace Obamacare with a national health insurance marketThe Union Leader
  Tax Day And Hea
  
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• This time, insurance payout is $50 million - The Union Leader

  17-04-2017 10:14
  
  This time, insurance payout is $50 million
  The Union Leader
  Merrimack County Superior Court Judge Richard McNamara recently put the brakes on releasing $50 million in surpluses from the New Hampshire Medical Malpractice Joint Underwriting Association to 6,200 policyholders — even though all parties to this ...
  
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• How to save on homeowners insurance policies - Fairbanks Daily News-Miner

  17-04-2017 10:02
  
  How to save on homeowners insurance policies
  Fairbanks Daily News-Miner
  Welcome! We hope you enjoy our content and decide to subscribe for full access. Visit newsminer.com/subscribe or call 907-456-6661. FAIRBANKS — Shopping for homeowners insurance can be confusing. The price of a policy can vary by several hundred ...
  
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• Do members of Congress pay for 100 percent of their health insurance? - Washington Post

  17-04-2017 09:07
  
  Washington Post
  Do members of Congress pay for 100 percent of their health insurance?
  Washington Post
  Question: “Who pays your salary?” Rep. Markwayne Mullin (R-Okla.): “I am self-employed, I've been self-employed, and I pay more taxes inside my own company personally than I'll ever receive from being in Congress. I pay my own, and I pay my own ...and more »
  
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• Post-Katrina Lower 9th Ward Re-Development a Long Time Coming

  17-04-2017 08:20
  
  Judging by the current empty lots, it’s hard to imagine the Lower 9th Ward in New Orleans before Hurricane Katrina — a bustling neighborhood where African-American residents knew their neighbors, built their homes with their own hands and shopped at …
  
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• Feds Say Chemical Cloud in Kansas Caused by Human Error, Labeling

  17-04-2017 07:42
  
  Human error and labeling and design problems led to the release of a large chemical cloud over a northeast Kansas city that sent more than 140 people to the hospital last year and caused others to stay indoors or evacuate …
  
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