Insurance news

• Insurance benefits decreased for sisters seriously injured in... - WDIV Detroit

  26-04-2017 23:49 via clickondetroit.com
  
  WDIV Detroit
  Insurance benefits decreased for sisters seriously injured in...
  WDIV Detroit
  Two sisters who suffered debilitating injuries in a crash decades ago were promised that an insurance company would pay for their care for the rest of their lives, but their caretakers said that's not happening. The crash left Amy Ruth Cooper and Lora ...
  
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• Astronomical auto insurance is biggest drag on Detroit, Duggan says - Detroit Free Press

  26-04-2017 23:37 via freep.com
  
  Detroit Free Press
  Astronomical auto insurance is biggest drag on Detroit, Duggan says
  Detroit Free Press
  LANSING — The astronomical cost of auto insurance is the biggest impediment to Detroit's continued economic and population growth, Mayor Mike Duggan told a panel of state lawmakers Wednesday. After reciting examples of progress the city has made ...and more »
  
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• White House to fund insurance payments - Washington Examiner

  26-04-2017 23:10 via washingtonexaminer.com
  
  Los Angeles Times
  White House to fund insurance payments
  Washington Examiner
  The Trump administration has not decided what its long-term commitments will be. (AP Photo/Susan Walsh). The White House is telling lawmakers that it intends to continue making Obamacare payments to insurers that reduce out-of-pocket costs for ...
  Obamacare 101 — What's the big debate over health insurance cost-sharing subsidies?Los Angeles Times
  Congress must delay ObamaCare's health insurance tax immediate
  
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• Single-payer insurance is only system that will work - Foster's Daily Democrat

  26-04-2017 22:24 via fosters.com
  
  Money Magazine
  Single-payer insurance is only system that will work
  Foster's Daily Democrat
  Once again, the Republican leadership is preparing to repeal and replace the Affordable Care Act. As someone who gets my insurance through the ACA, also known as Obamacare, I am dismayed by the recklessness of their plan because I will lose my health ...
  What You Need to Know About High-Risk Insurance PoolsMoney Magazine
  Trump administration, some states look to 'reinsurance' tool as stabilizer for
  
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• Chubb's oldest active subsidiary honored with historical marker

  26-04-2017 22:23
  
  A Pennsylvania historical marker to the Insurance Company of North America (INA), Chubb's oldest subsidiary company, commemorates INA's 225-year history.
  
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• This Important Insurance Is Becoming A Luxury for Retirees - Fortune

  26-04-2017 22:07 via fortune.com
  
  Fortune
  This Important Insurance Is Becoming A Luxury for Retirees
  Fortune
  Here's one more way getting old is getting more expensive. Long-term care insurance, which covers expenses like nursing home care, at-home nursing care and other late-life needs, is fast becoming too costly for many retirees to afford, according to a ...
  
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• 'Complex Insurance Fraud Scheme' Brainchild Of Beverly Hills Couple, Prosecutors Say - Patch.com

  26-04-2017 21:29 via patch.com
  
  Patch.com
  'Complex Insurance Fraud Scheme' Brainchild Of Beverly Hills Couple, Prosecutors Say
  Patch.com
  Doctors were paid to order tests or write prescriptions for products that were either medically worthless or unnecessary, authorities said. By PATCH SOCAL (Patch Staff) - April 26, 2017 3:25 pm ET. 'Complex Insurance Fraud Scheme' Brainchild Of Beverly ...
  
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• House Republicans Report Progress on Another Health Plan to Replace Obamacare

  26-04-2017 20:49
  
  The conservative House Freedom Caucus that helped derail the GOP’s effort last month to repeal Obamacare has formally endorsed a revised measure, potentiality giving it a new lease on life. “While the revised version still does not fully repeal Obamacare, we …
  
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• Does Michigan need 7-day car insurance option? - Detroit Free Press

  26-04-2017 19:48 via freep.com
  
  Detroit Free Press
  Does Michigan need 7-day car insurance option?
  Detroit Free Press
  Seven-day car insurance is a terrible idea. But it's a symptom, not the problem -- that's the unreasonably high rates most Detroiters and other city-dwelling Michiganders pay to insure even modest vehicles. And while all kinds of folks are hetup about ...
  
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• Sedgwick honors late COO with memorial scholarship

  26-04-2017 19:10
  
  Starting next year, the merit-based Sedgwick/Penman scholarship will be awarded annually to one undergraduate college student who is studying risk management, insurance, actuarial science or business.
  
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• Alabama Community Unveils Memorial For 1K Residents in Lost in 2011 Twisters

  26-04-2017 18:57
  
  Overcast skies and a misty rain mirrored the mood of this tiny community as it came together to remember the 14 Lawrence County residents who died in the April 27, 2011, tornadoes. “They will never be forgotten,” an emotional Kristi …
  
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• Alabama Community Unveils Memorial For 14 Residents Lost in 2011 Twisters

  26-04-2017 18:57
  
  Overcast skies and a misty rain mirrored the mood of this tiny community as it came together to remember the 14 Lawrence County residents who died in the April 27, 2011, tornadoes. “They will never be forgotten,” an emotional Kristi …
  
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• 31 Students Awarded Scholarships from Insurance Council of Texas - Insurance Journal

  26-04-2017 18:52 via insurancejournal.com
  
  31 Students Awarded Scholarships from Insurance Council of Texas
  Insurance Journal
  The Insurance Council of Texas (ICT) Education Foundation recently awarded a total of $34,500 in academic scholarships to 31 students at five Texas universities. The students attend the University of Houston Main campus, the University of Houston ...
  
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• 31 Students Awarded Scholarships from Insurance Council of Texas

  26-04-2017 18:49
  
  The Insurance Council of Texas (ICT) Education Foundation recently awarded a total of $34,500 in academic scholarships to 31 students at five Texas universities. The students attend the University of Houston Main campus, the University of Houston Downtown the University …
  
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• Kansas Tightens Amusement Park Regulations after Boy’s Waterslide Death

  26-04-2017 18:46
  
  The death of a colleague’s son has spurred the governor in the often anti-regulation Kansas to toughen the state’s inspection requirements for amusement parks. A new law signed by Republican Gov. Sam Brownback strengthens the state’s amusement park regulations, which …
  
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• Contract for Louisiana Flood Aid Program Administrator to Cost $227M

  26-04-2017 18:43
  
  Louisiana’s contract with disaster recovery firm IEM to administer a homeowner flood aid program is estimated to cost $227 million. The Greater Baton Rouge Business Report says the state has completed its deal with IEM to manage the $1.3 billion …
  
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• Crashes at North Carolina Rail Crossings Down 42% in 2016

  26-04-2017 18:41
  
  A North Carolina rail safety group says collisions at highway crossings dropped by 42 percent in 2016. The report from North Carolina Operation Lifesaver says there were 39 collisions last year, compared with 67 in 2015. Also, the report says …
  
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• Bad: Train Clips Mirror; Worse: Louisiana Driver Opens Door, Loses It

  26-04-2017 18:40
  
  After a train clipped a side mirror off a car, the driver lost his whole door when he pulled up to another intersection and opened it to tell the crew, police in southwest Louisiana said. Nobody was hurt, and 64-year-old …
  
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• Arthur J. Gallagher Acquires Oklahoma’s Commercial Insurance Brokers

  26-04-2017 18:23
  
  Arthur J. Gallagher & Co. has acquired  Tulsa, Oklahoma-based Commercial Insurance Brokers LLC. Terms of the transaction were not disclosed. Formed in 2012, Commercial Insurance Brokers is a group of insurance producers and service personnel offering a broad range of …
  
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• Uninsured Driver Bill Signed by Oklahoma Governor

  26-04-2017 18:22
  
  Oklahoma Gov. Mary Fallin has signed legislation aimed at further reducing the number of uninsured drivers in Oklahoma. Senate Bill 115 transfers oversight of the Compulsory Insurance Online Verification System (OCIVS) for motor vehicle liability policies from the Department of …
  
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• Sealy of Minnesota to Pay $175K in Racial Harassment Case

  26-04-2017 18:19
  
  Sealy of Minnesota has agreed to pay $175,000 to resolve a charge of racial harassment filed with the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced. The EEOC said an investigation found that Sealy, a mattress and box …
  
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• Wagenschutz Tapped to Lead Michigan Auto Insurance Placement Facility

  26-04-2017 18:18
  
  The Michigan Automobile Insurance Placement Facility (MAIPF) has named Mark Wagenschutz as executive director. Wagenschutz will oversee the organization’s mission to guarantee that automobile insurance is available to Michigan citizens who are unable to obtain it in the competitive market. …
  
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• SEC Awards $4 Million to Whistleblower

  26-04-2017 18:17
  
  The Securities and Exchange Commission has awarded nearly $4 million to a whistleblower who tipped the agency with about serious misconduct and provided additional assistance during the ensuing investigation, including industry-specific knowledge and expertise. “Not only did this whistleblower step forward …
  
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• Feds Grant Nearly $11M to Indiana to Fight Heroin, Opioid Abuse

  26-04-2017 18:17
  
  A federal agency has awarded Indiana nearly $11 million to fight the state’s opioid abuse crisis. The state’s funding from the Health and Human Services is among $485 million the agency recently awarded to all 50 states and several U.S. …
  
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• Chubb’s Greenberg Clarifies Criticism of Wholesale Brokers

  26-04-2017 17:53
  
  In the London and other wholesale insurance markets, the practice of some brokers bundling similar accounts into high-volume portfolios to be more efficient and attract underwriters while still expecting bigger brokerage commissions has “gone beyond reasonable,” Chubb CEO and President Evan Greenberg …
  
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• House Insurance OKs bill to stop enforcing Obamacare individual mandate - The Advocate

  26-04-2017 17:45 via theadvocate.com
  
  The Advocate
  House Insurance OKs bill to stop enforcing Obamacare individual mandate
  The Advocate
  People refusing to buy health insurance would not be penalized under legislation advanced by a Louisiana House committee Wednesday morning, even as the members acknowledged it was a feel-good, do-nothing bill. On a 9-4 vote the House Insurance ...
  Bill objects to federal penalties for no health insuranceKALB News (press release)all 26 news articles »
  
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• Health insurance giant opens over 100 new 'work from home' jobs - AOL

  26-04-2017 17:33 via aol.com
  
  AOL
  Health insurance giant opens over 100 new 'work from home' jobs
  AOL
  Blame the millennial generation all you want for being lazy and not conforming to the work culture of the past. But it's hard to deny that the trend towards more and more companies allowing work-from-home positions is something not everyone can get ...
  
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• Lawmakers Seek Stronger Monitoring of Racial Disparities in Car ... - ProPublica

  26-04-2017 17:22 via propublica.org
  
  ProPublica
  Lawmakers Seek Stronger Monitoring of Racial Disparities in Car ...
  ProPublica
  In response to our report that minority neighborhoods pay higher premiums than white areas with the same risk, six members of Congress and two Illinois state ...and more »
  
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• Poor Fire Safety at Two-Thirds of Schools in Oregon’s Largest City

  26-04-2017 17:20
  
  Two-thirds of schools in Oregon’s largest district lack sufficient fire safety equipment, according to records obtained by the Oregonian/OregonLive. Portland Public Schools has 60 of 89 schools lacking up-to-date alarm systems, complete fire sensor coverage or other life-saving equipment required …
  
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• Idaho City Assessing Flood Risks Prior to Federal Maps Release

  26-04-2017 17:17
  
  Boise, Idaho officials have expressed concerns with federal maps that propose adding hundreds of acres to a flood plain in the city, which could increase the cost and difficulty of buying or developing nearby property. The city disagrees with the …
  
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• Freeing States from the Obamacare Insurance Mandates - Heritage.org

  26-04-2017 17:15 via heritage.org
  
  Heritage.org
  Freeing States from the Obamacare Insurance Mandates
  Heritage.org
  A top priority for health reform has been to restore to states the authority to regulate insurance markets, which Obamacare removed from them by layering on new insurance mandates. Whether by outright repeal or by waiver, states should be freed from ...and more »
  
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• Senior Matters: Everyone into the insurance pool - Traverse City Record Eagle

  26-04-2017 16:43 via record-eagle.com
  
  Traverse City Record Eagle
  Senior Matters: Everyone into the insurance pool
  Traverse City Record Eagle
  While responding to questions at his Gaylord town hall meeting, Congressman Jack Bergman stated that he would continue to vote for the repeal the ACA. As the crowd booed his response someone called out “give us what you have,” to which Mr. Bergman ...and more »
  
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• Hippo Launches with Promise of 60-Second Homeowners Insurance Quote

  26-04-2017 16:02
  
  An insuretech company launched in California today with the promise of providing online homeonwers insurance quotes in 60 seconds in what the Mountain View, Calif.-based company is calling “the most fundamental redesign of home insurance in recent times.” Hippo Insurance …
  
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• Startup Hippo Insurance launches in California with a tech-enabled home insurance - TechCrunch

  26-04-2017 16:01 via techcrunch.com
  
  TechCrunch
  Startup Hippo Insurance launches in California with a tech-enabled home insurance
  TechCrunch
  Offering a more complete home insurance package for less money than traditional insurance sellers, startup insurance broker Hippo Insurance launched its first service this week in California. According to chief executive Assaf Wand, the company intends ...
  Hippo Insurance Launches A Mission To Redesign The Home Insurance MarketForbesall 5 news articles »
  
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• FindBob is helping aging insurance and financial industries establish succession plans - Silicon Prairie News

  26-04-2017 15:55 via siliconprairienews.com
  
  Silicon Prairie News
  FindBob is helping aging insurance and financial industries establish succession plans
  Silicon Prairie News
  If your insurance agent or financial advisor is older than you, chances are they'll retire before you do. What happens to your assets if they're no longer handling them? The Toronto startup FindBob, which recently completed the Global Insurance ...
  
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• Despite ‘Difficult’ Environment, Chubb Q1 Profit Tops $1 Billion

  26-04-2017 15:54
  
  Chubb Limited reported net income for the quarter of $1.09 billion, compared with $439 million for the same quarter last year.  Operating income was $1.17 billion, compared with $1.01 billion, for the same quarter last year. The insurer’s property/casualty (P&C) combined ratio was 87.5 …
  
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• St. Joseph’s University Team Wins Spencer-RIMS Risk Management Challenge

  26-04-2017 15:38
  
  At the Spencer Educational Foundation reception, RIMS board director and director of global risk management and insurance at PayPal Inc., Laura Langone, announced St. Joseph’s University’s student team as the winners of the Spencer-RIMS Risk Management Challenge. The team, comprised …
  
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• Live from Philly: Day two of RIMS 2017

  26-04-2017 15:25
  
  The second full day at RIMS 2017 was full of educational sessions, productive meetings and lots of fun on the exhibit hall floor.
  
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• Massive Maryland Fire Leads to Estimated $39M Loss

  26-04-2017 15:20
  
  Firefighters were still dousing hot spots Tuesday after a massive fire at a seven-story apartment building under construction near the University of Maryland. News outlets reported that firefighters were working to keep the fire that consumed the roof of the …
  
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• Health insurance subsidies at risk in budget bill to keep government running - Richmond Register

  26-04-2017 15:18 via richmondregister.com
  
  Richmond Register
  Health insurance subsidies at risk in budget bill to keep government running
  Richmond Register
  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, Tennessee, live daily with distress over the real possibility they could lose ...and more »
  
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• Effective risk management: Finding simple solutions to complex problems

  26-04-2017 15:15
  
  Learn how one man took a risk in recycling partially used soap from U.S. hotels to new bars that save lives in developing countries around the world.
  
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• Sheriffs: Raise Massachusetts Pot Tax, Use Money for Addiction Treatment

  26-04-2017 15:04
  
  Sheriffs urged Massachusetts lawmakers Monday to boost the tax consumers will pay on recreational marijuana and earmark the additional revenue for substance abuse prevention and treatment. The proposal was discussed at the final hearing of a special legislative committee that …
  
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• Is Pet Insurance Worth it? - One Green Planet

  26-04-2017 13:53 via onegreenplanet.org
  
  One Green Planet
  Is Pet Insurance Worth it?
  One Green Planet
  Pets are an important part of our lives, so when they become sick or get injured, we want to do whatever we can to help them. But veterinary costs are rising, with some treatments or emergency services costing thousands of dollars, if not more ...
  
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• 3 Fascinating Things You Probably Didn't Know About Insurance - Madison.com

  26-04-2017 13:42 via host.madison.com
  
  Madison.com
  3 Fascinating Things You Probably Didn't Know About Insurance
  Madison.com
  "There are worse things in life than death. Have you ever spent an evening with an insurance salesman?" -- Woody Allen. Woody Allen is being funny, but not entirely accurate. Insurance may not be the most exciting topic on earth, but there are still ...and more »
  
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• Health insurance for new college grads: What to know about your options - Washington Post

  26-04-2017 13:03 via washingtonpost.com
  
  Washington Post
  Health insurance for new college grads: What to know about your options
  Washington Post
  Like many recent grads, after Maegan Samuel got her bachelor's degree from Howard University in 2014, she held a series of temporary jobs — day care worker, secretary — before landing a permanent position a year ago working in operations for a D.C. ...
  What individual insurance market trends mean for providersFierceHealthcareall 25 news articles »
  
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• When is a policy's pollution exclusion applicable to contractor damage?

  26-04-2017 12:30
  
  The specifics surrounding a property damage claim resulting from a chemical mishap will dictate the applicability of a policy's pollution exclusion.
  
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