Insurance news

• Hamilton’s Duperreault Among Candidates Being Considered as AIG CEO

  20-04-2017 23:52
  
  American International Group Inc. is weighing a plan to hire Brian Duperreault as the company’s seventh chief executive officer since 2005, according to people familiar with the board’s deliberations. Other candidates are still being considered as the board seeks a …
  
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• Can taking selfies affect your life insurance? - 6abc.com

  20-04-2017 23:26 via 6abc.com
  
  6abc.com
  Can taking selfies affect your life insurance?
  6abc.com
  One company is working on technology that uses facial analytics to estimate your life expectancy. (WPVI). Thursday, April 20, 2017 05:22PM. People across the globe have been beyond obsessed with taking selfies and turning their cameras on themselves.and more »
  
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• Consumer Reports: Car Insurance Investigation - WILX-TV

  20-04-2017 23:23 via wilx.com
  
  WILX-TV
  Consumer Reports: Car Insurance Investigation
  WILX-TV
  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 ...and more »
  
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• Colorado could see double-digit health insurance rate hikes if federal uncertainty lingers - The Denver Post

  20-04-2017 23:19 via denverpost.com
  
  The Denver Post
  Colorado could see double-digit health insurance rate hikes if federal uncertainty lingers
  The Denver Post
  David Hicks, middle, holds up a sign during a healthcare rally at the west steps of the State Capitol on February 7, 2017 in Denver. By John Ingold | [email protected] | The Denver Post. PUBLISHED: April 20, 2017 at 3:19 pm | UPDATED: April 20, ...
  Colorado insurance commissioner warns Congress of potential disaster in individual health-coverage marketDenver Busin
  
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• Wisconsin Company Resolves Federal Wellness, Retaliation Case for $100K

  20-04-2017 22:58
  
  The U.S. Equal Employment Opportunity Commission (EEOC) reported it has resolved a lawsuit against Orion Energy Systems, a Manitowoc, Wis., lighting company. The EEOC had challenged the company’s wellness program under the Americans with Disabilities Act (ADA) and alleged that …
  
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• Health groups press Congress for insurance payments - Washington Examiner

  20-04-2017 22:57 via washingtonexaminer.com
  
  TPM
  Health groups press Congress for insurance payments
  Washington Examiner
  Several healthcare safety net groups sent a letter to congressional leaders Thursday asking them to put payments for insurance companies into a federal spending bill whose deadline is approaching next week. The payments, called cost-sharing subsidies, ...
  Insurance Commissioners Ask Congress To Fund O'Care SubsidiesTPMall 11 news articles »
  
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• Is Brian Duperreault among AIG's options for CEO role?

  20-04-2017 22:56
  
  American International Group Inc. is weighing a plan to hire Brian Duperreault as the company’s seventh chief executive officer since 2005, according to people familiar with the board’s deliberations.
  
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• Insurance carrier won't represent city in lawsuit over Lee, Jackson ... - The Daily Progress

  20-04-2017 22:45 via dailyprogress.com
  
  The Daily Progress
  Insurance carrier won't represent city in lawsuit over Lee, Jackson ...
  The Daily Progress
  City Attorney Craig Brown and his staff will have to carry the burden of defending Charlottesville in a lawsuit over its efforts to remove Confederate monuments.and more »
  
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• Insurance carrier won't represent city in lawsuit over Lee, Jackson parks - The Daily Progress

  20-04-2017 22:45 via dailyprogress.com
  
  The Daily Progress
  Insurance carrier won't represent city in lawsuit over Lee, Jackson parks
  The Daily Progress
  City Attorney Craig Brown and his staff will have to carry the burden of defending Charlottesville in a lawsuit over its efforts to remove Confederate monuments. The city's insurance carrier, the Virginia Municipal League, has declined to provide ...and more »
  
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• Does Homeowners Insurance Cover Water Damage and Roof Leaks? - Realtor.com News

  20-04-2017 22:37 via realtor.com
  
  Realtor.com News
  Does Homeowners Insurance Cover Water Damage and Roof Leaks?
  Realtor.com News
  Whether you're dealing with a slow leak in the basement or a steady drip from a hole in the roof, water can wreak havoc on your home—and your bank account. Once the water recedes, one of the first questions you'll have is whether your homeowners ...
  
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• Governor, teachers union tussle over health insurance change - Vermont Biz

  20-04-2017 22:31 via vermontbiz.com
  Governor, teachers union tussle over health insurance change
  Vermont Biz
  Vermont Business Magazine Governor Phil Scott's office and the teacher's union are exchanging heated words over how to hold down school spending by reducing health insurance costs. The governor wants the teachers to collectively negotiate with the ...and more »
  
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• Ford Joins Texas Agents Group as Continuous Improvement Director

  20-04-2017 22:22
  
  The Independent Insurance Agents of Texas (IIAT) announced that Angela Ford has joined IIAT as the director of continuous improvement. Ford has more than 25 years of experience in the insurance industry, managing all aspects of technology implementation, consulting independent …
  
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• House lawmakers unanimously approve autism insurance bill - AL.com

  20-04-2017 22:21 via al.com
  
  AL.com
  House lawmakers unanimously approve autism insurance bill
  AL.com
  House lawmakers unanimously approved a bill to mandate most private insurers to cover medically necessary behavioral therapy for children with autism. The vote, 100 to 0, sends a strong message to autism advocates their voices were heard. Rep.
  Potential headline: Alabama House to vote on Autism insurance coverage mandateWAFFall 8 news articles »
  
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• Jury Awards $350K to Mother of Teen Killed by Chicago Police

  20-04-2017 21:35
  
  The mother of a black teenager killed by Chicago police in July 2013 has been awarded $350,000. The Chicago Tribune reports that a jury awarded the damages after finding that the shooting of 17-year-old Christian Green was unjustified. Attorney Victor …
  
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• Mergers and acquisitions are getting riskier as insurance claims rise - MarketWatch

  20-04-2017 21:33 via marketwatch.com
  
  MarketWatch
  Mergers and acquisitions are getting riskier as insurance claims rise
  MarketWatch
  Mergers and acquisitions may be a boon for investment banks and lawyers, but the risk that something will go wrong is rising and insurance payouts are getting bigger. That's one conclusion to be gleaned from a study by insurance giant American ...
  M&A insurance claims are rising: One in four deals over $1bn end in a claimCity A.M.
  M&A insurance claims rising, 23% of deals over US$1 billion
  
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• Delaware Ranks High Among States for Homeowners' Insurance Protections - news.delaware.gov

  20-04-2017 21:23 via news.delaware.gov
  Delaware Ranks High Among States for Homeowners' Insurance Protections
  news.delaware.gov
  Dover, DE – Delaware homeowners are among the most protected in the nation against having their homeowners insurance non-renewed or rates raised due to filing or even inquiring about a claim. This is according to a recent study by the Rutgers Center ...
  
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• $40M Workers’ Comp Medical Kickback Operation in California Shut Down

  20-04-2017 21:06
  
  California Insurance Commissioner Dave Jones and Orange County District Attorney Tony Rackauckas on Thursday announced a shutdown of a $40 million fraudulent medical billing and kickback operation and the filing of charges against more than two dozen doctors, pharmacists and …
  
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• Jury says American Family Insurance misclassified agents in class action seeking retirement benefits - cleveland.com

  20-04-2017 20:57 via cleveland.com
  
  cleveland.com
  Jury says American Family Insurance misclassified agents in class action seeking retirement benefits
  cleveland.com
  A jury issued a decision this week saying American Family Mutual Insurance improperly classified agents as "independent contractors" and not employees, therefore denying them employment benefits. (American Family Mutual Insurance media relations).and more »
  
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• Chubb Names Merna COO of North America Major Accounts

  20-04-2017 20:54
  
  Chubb announced that Matt Merna has been appointed chief operating officer of its North America Major Accounts division, which serves large U.S. and Canadian-based companies with complex global risks. In this newly-expanded role, Merna will assist in overseeing the day-to-day operations for Major …
  
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• $40 million medical-insurance fraud went down in Orange County ... - OCRegister

  20-04-2017 20:48 via ocregister.com
  
  OCRegister
  $40 million medical-insurance fraud went down in Orange County ...
  OCRegister
  Orange County District Attorney Tony Rackauckas, left, and California Insurance Commissioner Dave Jones held a joint press conference Thursday morning to ...
  More than 2 dozen charged in California insurance fraud case - ABC ...ABC News
  5 Modesto doctors, 21 others charged in California insurance fraud caseKCRA Sacramento
  More Than 2 Dozen Charged in California Insurance Fraud CaseU.S. News & World
  
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• $40 million medical-insurance fraud went down in Orange County, elsewhere, law and state officials say - OCRegister

  20-04-2017 20:48 via ocregister.com
  
  OCRegister
  $40 million medical-insurance fraud went down in Orange County, elsewhere, law and state officials say
  OCRegister
  Orange County District Attorney Tony Rackauckas, left, and California Insurance Commissioner Dave Jones held a joint press conference Thursday morning to announce charges filed against 21 doctors, two pharmacists, two business owners, and a ...and more »
  
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• More than 2 dozen charged in California insurance fraud case - ABC News

  20-04-2017 20:36 via abcnews.go.com
  
  More than 2 dozen charged in California insurance fraud case
  ABC News
  Prosecutors in California announced charges Thursday against more than two dozen doctors, pharmacists and medical business owners in a multimillion dollar scheme to bilk workers compensation insurance by prescribing unnecessary treatments and tests.and more »
  
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• Colorado insurance commissioner warns Congress of potential disaster in individual health-coverage market - Denver Business Journal

  20-04-2017 20:23 via bizjournals.com
  Denver Business Journal
  Colorado insurance commissioner warns Congress of potential disaster in individual health-coverage market
  Denver Business Journal
  Colorado Insurance Commissioner Marguerite Salazar sent a letter to the state's congressional delegation today warning members that continued uncertainty about potential changes in federal health-care law could have a “disastrous” impact on the state's ...
  Colorado could see double-digit health insurance rate hikes if federal
  
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• BP Oil Spill Caused $17.2 Billion in Natural Resource Damage: Virginia Tech Scientists

  20-04-2017 20:05
  
  The 2010 BP Deepwater Horizon oil spill did $17.2 billion in damage to the natural resources in the Gulf of Mexico, a team of scientists recently found after a six-year study of the impact of the largest oil spill in …
  
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• Florida could scrap no-fault car insurance law | WTSP.com - WTSP 10 News

  20-04-2017 19:48 via wtsp.com
  
  WTSP 10 News
  Florida could scrap no-fault car insurance law | WTSP.com
  WTSP 10 News
  It could change the way your auto insurance coverage works and maybe even lower how much you pay.
  Florida may scrap auto insurance lawWPTV.comall 4 news articles »
  
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• Florida could scrap no-fault car insurance law - WTSP 10 News

  20-04-2017 19:48 via wtsp.com
  
  WTSP 10 News
  Florida could scrap no-fault car insurance law
  WTSP 10 News
  A bicyclist hurt in a crash is on the hook for his medical bills because he has no auto insurance. Courtney Robinson, WTSP 1:42 PM. EDT April 20, 2017. “I saw a flash of light and it was like getting hit with a brick wall,” says 69-year-old James ...
  Florida may scrap auto insurance lawWPTV.comall 3 news articles »
  
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• Record tornado damage shows rising cost of climate for Travelers

  20-04-2017 19:27
  
  There were more than 400 tornadoes in the first quarter in the U.S., quadruple the three-year average, according to National Weather Service data.
  
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• Insurance subsidies at risk in budget bill - Valdosta Daily Times

  20-04-2017 19:22 via valdostadailytimes.com
  
  Insurance subsidies at risk in budget bill
  Valdosta Daily Times
  The chemotherapy pills her husband, Gabe, takes for the colon cancer that spread to his liver costs more than $1,000-a-month. Yet the couple, who reside outside Knoxville, Tenn., live daily with distress regarding the real possibility they could lose ...and more »
  
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• Amerisure Names Erie’s Ishwar as Chief Underwriting Officer

  20-04-2017 19:19
  
  Amerisure Mutual Insurance Co. announced that Jayashree Ishwar has joined the company as chief underwriting officer. Ishwar will be accountable for corporate underwriting, loss control, advanced analytics and product divisions, and is the newest member of the company’s strategic leadership …
  
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• Warburg Seeks to Buy Minority Stake in India’s ICICI Lombard from Fairfax

  20-04-2017 18:49
  
  Warburg Pincus is the frontrunner to acquire a minority stake in Indian insurer ICICI Lombard General Insurance Co. from Prem Watsa’s Fairfax Financial Holdings Ltd., according to people familiar with the matter. Toronto-based Fairfax, which owns 35 percent of ICICI …
  
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• Texas ‘Hailstorm’ Bill Passed by Senate Committee

  20-04-2017 18:45
  
  Texas’ so-called “hailstorm” bill has passed out of the Texas Senate Business & Commerce Committee, its author reports. Senate Bill 10 by committee Chairman Kelly Hancock, R-North Richland Hills, is lawsuit reform legislation aimed at stemming the problem of storm-chasing, …
  
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• Number of Indiana Deer-Vehicle Collisions Down in 2016

  20-04-2017 18:42
  
  The Indiana Department of Natural Resources says the number of deer struck by motor vehicles in the state fell last year. The number of deer harvested in 2016 fell as well. The agency says deer-vehicle collisions across Indiana numbered more …
  
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• Teen Charged in Fire that Destroyed Iconic Madison County Covered Bridge

  20-04-2017 18:33
  
  Officials say a West Des Moines teenager has been charged with first-degree arson in a fire that destroyed an iconic covered bridge featured in the best-selling novel “The Bridges of Madison County.” Des Moines television station KCCI reports that the …
  
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• Munich Re, Beazley Partner to Provide Enhanced Cover for Large Cyber Risks

  20-04-2017 18:32
  
  Building on their existing collaboration, Beazley and Munich Re’s Corporate Insurance Partner announced the creation of “Vector,” a partnership that aims “to bring innovation and capacity to the large cyber market.” Vector cements a relationship the two insurers forged a …
  
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• Climate Change And The Nightmare Scenario for Florida’s Coastal Homeowners

  20-04-2017 18:08
  
  On a predictably gorgeous South Florida afternoon, Coral Gables Mayor Jim Cason sat in his office overlooking the white-linen restaurants of this affluent seaside community and wondered when climate change would bring it all to an end. He figured it would involve a boat. …
  
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• Chubb appoints COO of North America major accounts division

  20-04-2017 17:47
  
  Chubb has appointed Matt Merna COO of its North America major accounts division.
  
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• Michigan Supreme Court Tosses Suit over Icy Slip-and-Fall

  20-04-2017 17:46
  
  A traumatic fall in a dark, icy parking lot wasn’t enough to sway the Michigan Supreme Court. The justices last week reversed a decision by the state appeals court and said the conditions should have been “open and obvious” to …
  
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• Noecker Joins Worldwide Facilities Lawyers Professional Team in Chicago

  20-04-2017 17:45
  
  National wholesale insurance brokerage and managing general agent, Worldwide Facilities, has hired Kirsten Noecker as an internal broker in its lawyers professional unit. She is based in Chicago. In this position, Noecker will focus on both placement of coverage and …
  
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• Texas Mutual Board OKs $260M Policyholder Dividend

  20-04-2017 17:44
  
  Texas Mutual Insurance Co. announced that its board of directors voted unanimously to approve a company-record $260 million dividend distribution in 2017. Qualifying policyholder owners across Texas will share the dividend, which will be distributed beginning in June. Texas Mutual …
  
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• Mired in Sex Assault Scandal, Baylor Hires 1st Female President

  20-04-2017 17:43
  
  Baylor University selected a new president to guide the nation’s largest Baptist school, picking the first female leader in its 172-year history as the campus wades through a sexual assault scandal that chased out her predecessor and led to several …
  
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• Allstate’s Catastrophe Losses Topped $780 Million in Q1

  20-04-2017 17:29
  
  The Allstate Corp. announced estimated catastrophe losses for the month of March 2017 of $516 million, pre-tax ($335 million after-tax), and an estimated $781 million, pre-tax ($508 million after-tax), for first quarter 2017. Catastrophe losses occurring in the first quarter of 2017 comprised 28 events at …
  
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• AIG finds insurance claims against M&A deals are on the rise - MarketWatch

  20-04-2017 17:22 via marketwatch.com
  
  AIG finds insurance claims against M&A deals are on the rise
  MarketWatch
  The number and size of insurance claims against mergers and acquisitions is on the rise, underscoring the risk companies can take when negotiating deals. Insurer American International Group Inc. AIG, +2.17% said a study of M&A claims filed between ...and more »
  
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• Senate panel OKs hail insurance bill critics say will restrict consumer rights - Chron.com

  20-04-2017 16:52 via chron.com
  
  Senate panel OKs hail insurance bill critics say will restrict consumer rights
  Chron.com
  AUSTIN – A Texas Senate committee on Thursday approved a controversial bill that critics say will benefit insurance companies by restricting business and consumer access to the courts to resolve disputes over hail and other storm claims. By a 7-1 vote ...and more »
  
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• Could selfies affect life-insurance rates? - Orlando Sentinel

  20-04-2017 16:51 via orlandosentinel.com
  
  Orlando Sentinel
  Could selfies affect life-insurance rates?
  Orlando Sentinel
  A company has developed facial analytics technology to help estimate life expectancy by analyzing your face from a photo you upload online. (Cliff Owen / AP file). NerdWallet via Associated Press. Privacy Policy. A selfie reveals more than whether it's ...
  How your selfie could affect your life insurance - ABC NewsABC Newsall 3 news articles »
  
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• Cyber Thieves Hit 1,200 U.S. Hotels in InterContinental Chain

  20-04-2017 16:44
  
  Global hotel chain InterContinental Hotels Group Plc said 1,200 of its franchised hotels in the United States, including Holiday Inn and Crowne Plaza, were victims of a three-month cyber attack that sought to steal customer payment card data. The company …
  
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• Mystery at Sea: Carman demands payment from insurance company; claims boat sinking was not his fault - Brattleboro Reformer

  20-04-2017 16:40 via reformer.com
  
  Mystery at Sea: Carman demands payment from insurance company; claims boat sinking was not his fault
  Brattleboro Reformer
  BRATTLEBORO — In documents filed with the U.S. District Court for the District of Rhode Island, the attorneys for Nathan Carman, of Vernon, contends the sinking of his boat — the Chicken Pox — on Sept. 18, 2016, "was not the result of any actions by ...
  
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