Insurance news

• Muslim Lawmaker in Minnesota Wants Life Insurance Payments Paid to Families of Jihadists - Fox News

  25-04-2017 23:56 via nation.foxnews.com
  
  Fox News
  Muslim Lawmaker in Minnesota Wants Life Insurance Payments Paid to Families of Jihadists
  Fox News
  “Whether you are disturbed by her audacity or the terroristic actions for which she evidently believes compensation is due, you are correct!” When absurd news strikes, I process, introspect, nauseate, and realize diversity comes with some pollutants in ...
  
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• Michigan Unemployment Insurance Agency names new director - Crain's Detroit Business

  25-04-2017 21:20 via crainsdetroit.com
  Crain's Detroit Business
  Michigan Unemployment Insurance Agency names new director
  Crain's Detroit Business
  Michigan's Unemployment Insurance Agency selected as its new leader Michelle Beebe, director of Utah's Unemployment Insurance Division, as the organization undergoes a top-to-bottom restructuring in the wake of longtime complaints of fraud and poor ...
  Michigan's beleaguered Unemployment Insurance Agency gets new ...MLive.com
  Utah Unemployment Insurance director selected to lead Mich
  
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• State accuses Zoom Management of propping up insurance arm with sham loan - OregonLive.com

  25-04-2017 21:15 via oregonlive.com
  
  State accuses Zoom Management of propping up insurance arm with sham loan
  OregonLive.com
  State insurance regulators have accused Zoom Management of misrepresenting the financial condition of its insurance operation with a phantom $3 million infusion of capital. In a lawsuit filed Tuesday, the Oregon Department of Consumer and Business ...and more »
  
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• AP Specialty’s Epstein Named by RIC as Vice President in California

  25-04-2017 20:16
  
  RIC Insurance General Agency has named Michele Epstein as vice president of management and professional lines. She will be based in Chatsworth, Calif. and produce, enhance and expand these product offerings for RIC’s agency partners. Epstein worked as vice president …
  
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• Insurance claims bill advances in House, but Senate not cooperating - Sun Sentinel

  25-04-2017 20:03 via sun-sentinel.com
  
  Insurance claims bill advances in House, but Senate not cooperating
  Sun Sentinel
  It looks like South Florida homeowners should brace themselves for another year of property insurance rate hikes. A legislative bill aimed at driving down costs for insurance companies, and protecting homeowners from endless rate increases, on Tuesday ...and more »
  
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• Vertafore Acquires Analytics Firm RiskMatch

  25-04-2017 19:14
  
  Insurance technology firm Vertafore said it has acquired RiskMatch, a Connecticut-based business intelligence and analytics company that provides portfolio management and placement services to insurance brokers and carriers. Founded in 2013, RiskMatch delivers web-based services, analytics, internal and external benchmarking capabilities, …
  
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• Louisiana’s Governor Declares State of Emergency Over Disappearing Coastline

  25-04-2017 18:55
  
  Louisiana Gov. John Bel Edwards on April 19 signed an emergency proclamation declaring the Louisiana Coast in a state of crisis and emergency. The emergency proclamation will be sent to President Donald Trump and members of Congress as a necessary …
  
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• Minnesotans begin to see insurance relief - Herald Review

  25-04-2017 18:53 via grandrapidsmn.com
  
  Minnesotans begin to see insurance relief
  Herald Review
  ST. PAUL — Earlier this year, Deb Reed looked over her family's bills and wondered if she and her husband would have to drop their insurance. The 63-year-old Willmar, Minn., resident and her husband, Steven, are both semiretired and had saved up money ...
  
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• Lockton: P&C insurance remains highly competitive

  25-04-2017 18:53
  
  Underwriting companies are updating their product offerings, zeroing in on niche customers, and looking to tech innovation for future growth.
  
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• XL Catlin Enhances International Liability Policies for U.S.-based Businesses

  25-04-2017 18:52
  
  XL Catlin’s Multinational Casualty business has introduced a new international liability coverage form designed for U.S.-based multinational companies to address their most complex casualty needs. The XL Catlin’s International Liability policy addresses the challenge of coordinating coverage territory between the …
  
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• Texas Surplus Lines Stamping Office Names 3 New Board Members

  25-04-2017 18:45
  
  The Surplus Lines Stamping Office of Texas (SLTX) announced three new members have been appointed to its board of directors. These individuals are part of a nine-member board appointed by the Texas Commissioner of Insurance. Each board member serves a three-year …
  
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• Why Renters Insurance Is Worth Buying - Consumer Reports - ConsumerReports.org

  25-04-2017 18:43 via consumerreports.org
  Why Renters Insurance Is Worth Buying - Consumer Reports
  ConsumerReports.org
  Many people renting a home never buy renters insurance. That can be a mistake. Consumer Reports explains what to look for when choosing a policy.and more »
  
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• Chubb’s Combined Insurance Moves to Chicago’s Triangle Plaza

  25-04-2017 18:43
  
  Combined Insurance, a provider of individual supplemental accident, disability, health and life insurance products, and a Chubb company, has moved from its Glenview, Ill., office into Chicago’s Triangle Plaza, effective April 10. Approximately 300 Combined Insurance employees are based out …
  
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• American Dental Association to Pay $1.95M in EEOC Discrimination Case

  25-04-2017 18:37
  
  The American Dental Association, which is headquartered in Chicago, has agreed to pay $1.95 million to resolve two charges of discrimination which were investigated by the Chicago District Office of the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency …
  
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• Heavy Rains in South Carolina Cause Street Flooding, Power Outages

  25-04-2017 18:36
  
  Heavy rains moving across South Carolina have left street flooding and scattered power outages. Duke Energy reported more than 2,500 customers without electricity Monday morning. Most of those were in Greenville County. South Carolina Electric and Gas Co. reported about …
  
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• EPA Says 3 Injection Wells Source of Contamination in Oklahoma Creek

  25-04-2017 18:29
  
  The Environmental Protection Agency says it has narrowed the source of salt contamination in an Osage County, Oklahoma, creek to three nearby oil and natural gas injection wells. The Tulsa World reports the contamination was first reported in August 2016 …
  
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• 10-Year Old Boy Set Fire at Ohio Store with People Inside, Police Say

  25-04-2017 18:27
  
  Police say a 10-year-old boy has been charged as a juvenile with aggravated arson after a fire at an Ohio discount store caused damage estimated at more than $200,000. Middletown police Lt. Jim Cunningham says about 10 people were inside …
  
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• Michigan Lawmaker’s Proposal Would Allow Auto Insurance Options

  25-04-2017 18:25
  
  Michigan state Rep. Jason Sheppard of Temperance has introduced legislation that he says would help drivers and families financially saddled by Michigan’s exorbitant automobile insurance rates. House Bill 4488 will allow consumers to choose a level of coverage, up to …
  
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• MetLife Asks Court to Delay ‘Too Big to Fail’ Challenge as Trump Vows Review

  25-04-2017 18:05
  
  MetLife Inc. is asking a U.S. court to put on pause a case over how the government deems certain companies “too big to fail,” one of the most significant reforms to come out of the financial crisis, while President Donald …
  
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• New Jersey’s York Names Walsh Executive Vice President and Chief Claims Officer

  25-04-2017 17:30
  
  York Risk Services Group (York), a Parsippany, N.J.-based provider of claims management, managed care, specialized loss adjusting, alternative risk programs, pool administration and other insurance services, has named Patrick Walsh as executive vice president and chief claims officer for York …
  
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• Colorado City Agrees to Pay $212K in Racial Profiling Suit

  25-04-2017 16:49
  
  A Colorado city has agreed to pay $212,000 to settle a racial profiling lawsuit over the arrest of two black men that was captured on cellphone video and widely viewed on social media. The Colorado Springs Gazette reported the city …
  
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• Inspectors Find Continuing Safety Issues at Washington Mental Hospital

  25-04-2017 16:47
  
  Inspectors who visited Washington state’s largest psychiatric hospital found that safety problems that thrust the facility into the national spotlight after the escape of two dangerous patients a year ago persist, including neglected patients. And a survey of Western State …
  
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• Small Quake Hits California Coast Near Santa Barbara

  25-04-2017 16:44
  
  A small earthquake has rattled parts of the Southern California coast. The U.S. Geological Survey confirmed the magnitude-3.6 quake hit just before 11 a.m. Sunday about 3 miles east of Santa Barbara. A sheriff’s dispatcher says there are no immediate …
  
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• Chronically Ill Kids Threatened By Proposed Shifts In Insurance ... - NPR

  25-04-2017 16:39 via npr.org
  
  NPR
  Chronically Ill Kids Threatened By Proposed Shifts In Insurance ...
  NPR
  Some urge ending funding to the Children's Health Insurance Program, and moving those 8 million kids to marketplace plans. But research shows the ...and more »
  
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• Changes To Federal Insurance Plans Could Hurt Families Of Chronically Ill Kids - NPR

  25-04-2017 16:39 via npr.org
  
  NPR
  Changes To Federal Insurance Plans Could Hurt Families Of Chronically Ill Kids
  NPR
  Kids with chronic conditions are especially vulnerable to health insurance changes, relying as they often do on specialists and medications that may not be covered if they switch plans. A recent study finds that these transitions can leave kids and ...and more »
  
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• What You Need to Know About High-Risk Insurance Pools - Money Magazine

  25-04-2017 16:11 via time.com
  
  Money Magazine
  What You Need to Know About High-Risk Insurance Pools
  Money Magazine
  High-risk health insurance pools are back in the news after it was reported House Republicans are considering making them a component of their plan to repeal and replace the Affordable Care Act. The GOP is toying with the idea of allowing states to ...
  Freeing States from the Obamacare Insurance MandatesHeritage.org
  Republicans exempt their own insurance from their latest health care proposalVox
  The Conundrum of
  
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• How your selfie could affect your life insurance - USA Today - USA TODAY

  25-04-2017 16:04 via usatoday.com
  
  USA TODAY
  How your selfie could affect your life insurance - USA Today
  USA TODAY
  A selfie reveals more than whether it's a good hair day. Facial lines and contours, droops and dark spots could indicate how well you're aging, and, when paired ...
  How your selfie could affect your life insuranceAtlanta Journal Constitutionall 1 news articles »
  
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• Willis Towers Watson Names 6 to Global FINEX Senior Leadership Team

  25-04-2017 15:59
  
  Insurance broker and consultant Willis Towers Watson has made six senior appointments across its Global FINEX business, the company’s financial, executive and professional risk specialty group. Jeremy Wall has been appointed chairman of Global FINEX and head of FINEX for all …
  
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• Swiss Re Economists Win Award for Research on Nat Cat Protection Gap

  25-04-2017 15:28
  
  The Geneva Association and the International Insurance Society (IIS) announced the 2017 winner of their collaborative insurance research program, the Shin Research Excellence Awards. Thomas Holzheu and Ginger Turner of Swiss Re received the award for their paper on “The …
  
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• New York City House Fire Kills 5, Including Children

  25-04-2017 15:28
  
  Investigators are scouring for clues about what sparked a fast-moving New York City house fire that killed five people, including two young boys and two teenage girls. The fire broke out Sunday afternoon, on a street full of single-family homes …
  
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• Schumer Calls for Better Communication After New York Penn Station Stampede

  25-04-2017 15:18
  
  Sen. Charles Schumer says the stampede that injured 16 people at New York’s Penn Station just over a week ago shows a need for better coordination between law enforcement agencies at transportation hubs. The stampede erupted April 14 following false …
  
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• Massachusetts’ Eastern Insurance Hires Gross from Hanover Insurance

  25-04-2017 15:08
  
  Eastern Insurance Group, a Natick, Mass.-headquartered subsidiary of Eastern Bank, has hired William F. Gross as executive vice president of commercial lines. Gross, who works out of the Natick office, brings more than 17 years of insurance and sales experience …
  
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• RIMS 2017: Firms Value Cyber Assets Highly Until Time for Insurance

  25-04-2017 14:59
  
  Despite believing that their plant, property and equipment are now less valuable than their cyber assets, most organization spend four times more on insurance protecting their physical plants, properties and equipment than they do their information-based assets. The 2017 Cyber …
  
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• Large Claims Becoming More Expensive, Complex & Global: Allianz

  25-04-2017 14:19
  
  Large liability claims are becoming more expensive, complex and international, with activity increasing outside the United States, according a report published by Allianz Global Corporate & Specialty (AGCS). “Although recent years have seen a noticeable rise in large environmental liability …
  
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• Keys to identifying hail damage to HVAC condenser coils

  25-04-2017 14:00
  
  Spring weather patterns can wreak havoc on HVAC condensers
  
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• Zumba instructor's homeowners' policy didn't cover injuries suffered during a class

  25-04-2017 12:00
  
  The Arizona Appellate Court ruled that the activity at the local fitness club was a 'trade, profession or occupation' within the meaning of the homeowners' insurance policy business exclusion.
  
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• Zumba instructor's homeowners' policy didn't cover class injuries

  25-04-2017 12:00
  
  The Arizona Appellate Court ruled that the activity at the local fitness club was a 'trade, profession or occupation' within the meaning of the homeowners' insurance policy business exclusion.
  
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• No business is totally safe from cyber attacks

  25-04-2017 12:00
  
  Hackers are not the only threat. Many data breaches involve the download of malicious codes and viruses. Here are two essential steps for getting serious about data security.
  
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• French Prosecutors Probe Peugeot Parent over Alleged Emissions Fraud

  25-04-2017 11:55
  
  French prosecutors started a preliminary investigation of alleged fraud at PSA Group, the latest car manufacturer to be targeted over potential violations of emissions rules in the aftermath of Volkswagen AG’s diesel-cheating scandal. The stock fell the most in two months. …
  
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• PIA opposes provision in CHOICE Act that could lead to a federal insurance czar

  25-04-2017 11:45
  
  Ironically, the new federal office would be created by a provision included in the CHOICE Act — legislation intended to reduce, not increase, federal encroachment resulting from the Dodd-Frank Act.
  
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• PIA opposes CHOICE Act provision that could lead to federal insurance czar

  25-04-2017 11:45
  
  Ironically, the new federal office would be created by a provision included in the CHOICE Act — legislation intended to reduce, not increase, federal encroachment resulting from the Dodd-Frank Act.
  
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• Liberty Taps XL Catlin’s McKay for New Distribution & Client Mgmt Role

  25-04-2017 10:20
  
  Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Kerry McKay to the newly created role of head of Distribution and Client Management for Continental Europe. He will report directly to LSM’s head of Europe, Kadidja Sinz. …
  
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• Highlights from the first full day at RIMS 2017

  25-04-2017 10:00
  
  The first full day of RIMS 2017 kicked off on April 24 at the Philadelphia Convention Center with the General Session and Awards Luncheon.
  
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• XL Catlin Participates in Consortium Bringing Driverless Cars to UK

  25-04-2017 09:51
  
  Oxbotica, the Oxford-based artificial intelligence company that is developing driverless cars for the UK, announced it is leading a consortium of companies that plans to trial a fleet of fully autonomous vehicles in urban areas and on motorways, culminating in …
  
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• Demand Rises for Political Risk Cover as Buyers Think the Unthinkable

  25-04-2017 08:48
  
  Rocked by a shakeup in the Western political order, companies are buying more insurance to protect themselves against the threat of rising protectionism and upheaval to their operations in emerging markets. Insurers say demand is being driven by uncertainty over the consequences …
  
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• Authorities Investigating Cause of 16-Car Pileup on Georgia’s I-75

  25-04-2017 07:27
  
  The Georgia State Patrol says 10 people were injured in a 16-car pileup that shut down southbound Interstate 75 for nearly four hours. WSB-TV reports that the accident happened just before 2 p.m. on Sunday along I-75 at Allatoona Lake …
  
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• Bird Flu Restrictions Ended for Georgia Poultry Producers

  25-04-2017 07:22
  
  Officials say they have ended restrictions on poultry producers that were enacted after the first confirmation of avian influenza in commercial birds in Georgia. News outlets report state veterinarian Robert M. Cobb Jr. said in a news release that effective …
  
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• Disney Says Man Died From Pre-Existing Condition After Orlando Ride

  25-04-2017 07:17
  
  A 54-year-old man died after riding Disney’s Big Thunder Mountain Railroad roller coaster in February. The man had a pre-existing condition and collapsed and died at a hospital after riding the roller coaster. The Orlando Sentinel said man’s death was …
  
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• Bush Beats Trump! And Other Insurance Political Giving News - Insurance Journal

  25-04-2017 07:07 via insurancejournal.com
  
  Bush Beats Trump! And Other Insurance Political Giving News
  Insurance Journal
  Monumental views on insurance and risk in the nation's capital? Surely we jest. Well, we will take an occasional dip into the Potomac waters to poke fun, but overall we hope this reporting on insurance and risk as seen from the nation's capital will be ...
  
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• RIMS 2017: Risk Managers in Denial Over Disruptive Technologies

  25-04-2017 07:00
  
  The 14th annual Excellence in Risk Management report finds an apparent lack of awareness among many risk professionals on existing and emerging technologies including telematics, sensors, the Internet of Things (IoT), smart buildings and robotics, and their associated risks. According to the survey …
  
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