Insurance news

• Robertson Ryan & Associates Adds Feriance in Nevada

  01-05-2017 23:24
  
  Robertson Ryan & Associates Inc. has added Ed Feriance a vice president in Las Vegas, Nev. Feriance is a licensed insurance agent and specializes in tow truck operations in California and Nevada and other areas. He was most recently was …
  
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• Medicaid Expansion Did Not Pull From Private Insurance - Medscape

  01-05-2017 22:53 via medscape.com
  Medscape
  Medicaid Expansion Did Not Pull From Private Insurance
  Medscape
  Data on public and private insurance coverage from 2008 through 2015, the second year of the Affordable Care Act's Medicaid expansion, show no reductions in private coverage, a new study has found. That implies that Medicaid enrolment in those states ...
  Trump's health plan could cost 250000 New Mexicans their insuranceSanta Fe New Mexican
  Study: Increased Insurance Coverage Didn't Reduce Access to CareMorning Consult
  
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• Deadly severe weather across 6 states

  01-05-2017 20:25
  
  More than 230 people sought refuge from the storms Sunday night in 25 shelters across six states.
  
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• China Ride-Hailing Firm, Didi, to Go Global After Record Funding

  01-05-2017 18:57
  
  Chinese ride-hailing giant Didi Chuxing just raised more than $5.5 billion, giving Uber Technologies Inc. Chief Executive Officer Travis Kalanick one more thing to worry about. Didi’s record funding round is said to value the company at more than $50 …
  
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• Strong Storms Hit Alabama On Anniversary of Deadly 2011 Tornado Outbreak

  01-05-2017 18:54
  
  The National Weather Service has sent out teams to look for damage and confirm where tornadoes might have touched down in the state. Al.com reports that the weather service was sending survey teams to Montgomery, Lee, Pike and Barbour counties. …
  
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• CME’s Mead Joins Arthur J. Gallagher as Marketing Chief

  01-05-2017 18:53
  
  Illinois-based global insurance broker Arthur J. Gallagher & Co. announced that Christopher E. Mead has joined the company as its new chief marketing officer. Mead will be responsible for leading the company’s global marketing and communications efforts, reporting directly to …
  
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• Who's using what in the insurance industry: May 1, 2017

  01-05-2017 18:45
  
  Glemham Underwriting, a UK-based Managing General Agent (MGA), recently implemented Majesco CloudInsurer as the foundation of its new cloud-based bureau processing business.
  
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• SWBC Promotes Meriwether to Chief Financial Officer

  01-05-2017 18:41
  
  San Antonio-based insurance and financial services firm, SWBC, has promoted Karen Meriwether to chief financial officer (CFO). Meriwether joined SWBC in 2015 as vice president of internal audit and chief audit executive. In this role, she was responsible for leading …
  
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• Michigan Workplace Fatalities in 2016 Highest in a Decade

  01-05-2017 18:34
  
  A state agency says 43 people were killed on the job in Michigan last year, and that’s the state’s highest number of workplace fatalities in a decade. The Michigan Occupational Safety and Health Administration says about half of last year’s …
  
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• Louisiana’s State Roads, Bridges Are ‘Embarrassing,’ Engineers Say

  01-05-2017 18:32
  
  Louisiana civil engineers have graded the state’s roads and bridges, and they claimed the results were “embarrassing.” The Advocate reports that roads were given a D grade and bridges a D-plus in the report card from the Louisiana chapter of …
  
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• Dole Settles Suits Over Salad-Related Listeria Outbreak

  01-05-2017 18:31
  
  Court documents show that Dole Fresh Foods has recently settled two lawsuits filed by families of people stricken by a listeria outbreak after eating salads packaged in Ohio. The Springfield News-Sun reports settlement terms weren’t disclosed by the company or …
  
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• Storms Leave Trail of Destruction in Arkansas, Oklahoma and Texas

  01-05-2017 18:29
  
  Severe storms including tornadoes have swept through several small towns in East Texas, leaving a trail of overturned vehicles, mangled trees and damaged homes. Authorities believe as many as five people were killed and dozens injured, though they were still …
  
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• Insurer Group: Illinois Workers’ Comp Bills Would Disrupt Private Market

  01-05-2017 18:16
  
  Two pieces of legislation recently passed by the Illinois House would harm the workers’ compensation system in the state, a national insurer group says. American Insurance Association (AIA) said HB 2525 would require insurers to submit rates to the Illinois …
  
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• St. Joseph's University's team winners of Spencer-RIMS Risk Management Challenge

  01-05-2017 17:48
  
  The challenge began with 23 universities, three months ago, who were each presented with a risk management case-study.
  
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• Latin America Reinsurer Patria Re Selects RMS Cat Risk Models

  01-05-2017 17:45
  
  Newark, Calif.-based RMS announced that Latin America reinsurer Reaseguradora Patria (Patria Re) has licensed its full range of models and analytical services for Latin America and the Caribbean. These regions have a high exposure to natural catastrophe risk and produce …
  
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• California Wants Insurers to Double up on Rate Filings

  01-05-2017 17:34
  
  Health insurers seeking regulatory approval for 2018 individual insurance plans can file two sets of premium rates as a way to deal with market uncertainty created by Republicans’ promise to repeal and replace Obamacare, a California state insurance regulator said …
  
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• More States Adopt ‘Click It or Ticket’ Laws; Do They Work?

  01-05-2017 17:30
  
  In his 28 years with the Utah Highway Patrol, Lt. Lee Perry has seen a lot of carnage from crashes in which motorists weren’t wearing seat belts. One crash in 2013 really struck home: He arrived at a scene where …
  
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• LP Insurance Services Names Deacon to Commercial Sales Team in Arizona

  01-05-2017 17:29
  
  LP Insurance Services Inc. has named David Deacon to its Arizona commercial insurance sales team. Deacon is responsible for developing new business relationships as well as retaining and servicing existing clients. Deacon was most recently a sales producer at the …
  
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• California DWC Posts Interim Report on Workers’ Comp Drug Formulary

  01-05-2017 17:28
  
  California’s Division of Workers’ Compensation has posted the second interim status report on its efforts to promulgate regulations for an evidence-based workers’ compensation drug formulary. The regulations were as required by a law passed last year, Assembly Bill 1124. The …
  
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• Apple, Tesla Want California to Toughen Proposed Self-Driving Car Test Rules

  01-05-2017 17:10
  
  Apple Inc. urged California to toughen up its proposed policy on testing self-driving cars, a move that would result in more public data that could help Apple catch up to rivals in the self-driving space by giving it a better …
  
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• AmWINS Completes Acquisition of Networked Insurance Agents in California

  01-05-2017 17:04
  
  AmWINS Group Inc. has acquired Networked Insurance Agents, a California-based insurance aggregator specializing in the standard lines insurance segment. Charlotte, N.C.-based AmWINS Group is an independent wholesale distributor of specialty insurance products. Networked, a membership organization that offers independent property/casualty …
  
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• Cat Bond Issuance Saw Robust Start to 2017: Aon Benfield

  01-05-2017 16:52
  
  Catastrophe bond issuance made a robust start during the first quarter of 2017 with seven catastrophe bond transactions that totaled US$2.17 billion, according to a report from Aon Securities, the re/insurance investment banking division of Aon Benfield. These transactions are …
  
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• Starting the succession plan conversation with small business clients

  01-05-2017 16:25
  
  Are business owners leaving the fate of their life’s work to the courts? They may be doing exactly that if they don’t have a strong business succession plan.
  
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• Prosecutor Says Charges Likely in Deadly Fall at Penn State Frat

  01-05-2017 16:09
  
  The investigation into the February death of a Penn State University fraternity pledge who fell down stairs is likely to result in charges against several people for “conduct surrounding the death of another person,” a prosecutor says in a new …
  
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• BHSI Introduces Employment Practices Liability Cover in Canada

  01-05-2017 16:08
  
  Berkshire Hathaway Specialty Insurance (BHSI) announced it has expanded its Executive First policy suite in Canada with the launch of an employment practices liability policy. The policy is designed to protect companies from the full range of employment practices claims, …
  
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• Spending Deal Keeping Government Open Undermines Trump’s Wish List

  01-05-2017 15:19
  
  U.S. House and Senate negotiators reached a bipartisan deal on a $1.1 trillion spending bill that largely tracks with Democratic priorities and rejects most of President Donald Trump’s wish list, including money to begin building a wall along the U.S.-Mexican border. …
  
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• Pennsylvania Insurance Agent Pleads Guilty in $8.2M Promissory Note Scam

  01-05-2017 15:12
  
  An insurance agent pleaded guilty Thursday in a promissory note scam that bilked nearly 80 clients out of $8.2 million. John Hogan, 77, of Swissvale, Penn., entered his pleas to five counts of mail fraud in the scheme run out …
  
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• The State of Cybersecurity Insurance Today - Xconomy

  01-05-2017 15:02 via xconomy.com
  
  Xconomy
  The State of Cybersecurity Insurance Today
  Xconomy
  Cyber incidents are considered the No. 1 emerging risk for enterprises long-term. No surprise, then, that cybersecurity insurance policy premiums are approaching $2.75 billion a year. Some experts believe this figure will grow to roughly $20 billion by ...
  
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• Restaurant Owner Sentenced for Setting Fire to His Rhode Island Business

  01-05-2017 14:49
  
  A Massachusetts man has been sentenced to 15 years in federal prison for setting fire to his restaurant to collect nearly $1 million in insurance. The U.S. attorney’s office in Rhode Island says 51-year-old Daniel Saad, of Spencer, was sentenced …
  
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• CNA Results Improved in Q1

  01-05-2017 14:48
  
  CNA Financial Corp. announced first quarter 2017 net income of $260 million and net operating income of $235 million, compared to $66 million and $91 million for the first quarter 2016. Property & Casualty Operations’ net operating income was $268 million for the first …
  
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• Legal Marijuana Stores Linked to Increased Property Crime

  01-05-2017 14:30
  
  Legal marijuana shops are linked to higher levels of property crime in nearby areas, according to a nearly three-year study in Denver. Researchers found that crime isn’t higher in the area immediately surrounding marijuana outlets. But adjacent areas saw about …
  
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• ArgoGlobal Appoints Montellier as Yacht Underwriter

  01-05-2017 14:17
  
  ArgoGlobal announced the appointment of Karen Montellier as yacht underwriter. She takes up the role with immediate effect and will report to Michael Thompson, hull and yacht class underwriter. Montellier brings more than 25 years’ experience in the marine sector to ArgoGlobal. …
  
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• Jury Orders J&J to Pay $20 Million in Vaginal Mesh Case

  01-05-2017 14:09
  
    Johnson & Johnson was ordered to pay $20 million to a New Jersey woman who blames the company’s vaginal-mesh inserts for leaving her in constant pain as the company prepares for a new wave of trials over the medical …
  
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• Move, countermove:The best way to fight ransomware

  01-05-2017 14:00
  
  Digital mobile devices created convent, anywhere-anywhere communications. They also opened up umpteen avenues for ransomware to exploit.
  
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• Move, countermove: The best way to fight ransomware

  01-05-2017 14:00
  
  Digital mobile devices created convenient, anytime-anywhere communications. They also opened up umpteen avenues for ransomware to exploit.
  
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• Chubb Forms ‘Custom Industry Solutions’ Product, Creates London Region

  01-05-2017 13:56
  
  Chubb announced it has created a “Custom Industry Solutions” product cluster in UK and Ireland, which will bring together its life science, info tech, package and entertainment industry segments. This new product cluster is designed to meet the evolving needs …
  
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• Most drivers still wary of autonomous vehicles, J.D. Power says

  01-05-2017 13:00
  
  Autonomous vehicles are revving up to hit the road, but some consumers still want to test the brakes.
  
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• 10 ways for insurance agents to engage Gen Xers

  01-05-2017 12:30
  
  How to reach this sometimes-forgotten generation.
  
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• RIMS 2017 closing keynote: A story of risk and resiliency from Michael J. Fox

  01-05-2017 12:00
  
  Risk managers heard Michael J. Fox's personal story of risk and resilience as the closing keynote for RIMS 2017.
  
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• New Kentucky Insurance Commissioner Named - U.S. News & World Report

  01-05-2017 09:27 via usnews.com
  New Kentucky Insurance Commissioner Named
  U.S. News & World Report
  Kentucky's deputy commissioner of the Department of Insurance, a former sales and marketing representative, has been appointed as commissioner of the department. | May 1, 2017, at 3:17 a.m.. MORE. LinkedIn · StumbleUpon · Google +; Cancel.and more »
  
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• Crumbling South Carolina Roads Cost State Nearly $50M in Driver Claims Since 2010

  01-05-2017 07:18
  
  Taxpayers are spending more to settle claims for vehicles damaged and wrecked on South Carolina’s crumbling roads. The State newspaper reports Friday that South Carolina has spent nearly $50 million since 2010 to settle lawsuits and claims for vehicle damage …
  
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• UK insurers seek Continental footholds - Business Insurance

  01-05-2017 07:04 via businessinsurance.com
  
  Business Insurance
  UK insurers seek Continental footholds
  Business Insurance
  With Britain firmly on the path to exiting the European Union, major insurers are moving forward with their plans to establish bridgeheads in key European cities to try and ensure that they keep unfettered access to EU business. In late March, U.K ...
  
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• New York adopts workers comp drug formulary - Business Insurance

  01-05-2017 07:04 via businessinsurance.com
  New York adopts workers comp drug formulary
  Business Insurance
  New York's 2017-18 budget agreement, reached nine days beyond the state's April 1 deadline, incorporated several workers compensation reforms, including a drug formulary requirement that topped the priority list for several insurance industry and ...and more »
  
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• London market plots a course - Business Insurance

  01-05-2017 07:04 via businessinsurance.com
  
  Business Insurance
  London market plots a course
  Business Insurance
  The London Market Group has published a “road map” for the U.K. specialty commercial insurance sector once the country leaves the European Union. The LMG, which represents Lloyd's of London insurers, other London market insurers and London market ...
  
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• Insurers await tax reform - Business Insurance

  01-05-2017 07:04 via businessinsurance.com
  
  Business Insurance
  Insurers await tax reform
  Business Insurance
  Details, details — insurance industry analysts are still waiting on the details of President Donald Trump's proposed tax reforms. What we know is that the Trump plan, released late last month, would reduce the number of tax brackets for individuals ...
  
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• Court rulings, big rate increases concentrate reform efforts in Florida - Business Insurance

  01-05-2017 07:04 via businessinsurance.com
  
  Business Insurance
  Court rulings, big rate increases concentrate reform efforts in Florida
  Business Insurance
  Florida's workers compensation landscape has garnered attention for its legislative activity in response to major court decisions that have upended the system over the past year. The state is considering various reforms to address elements of its ...and more »
  
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• North Carolina Passes Law Limiting Nuisance Lawsuits Against Hog Farmers

  01-05-2017 06:55
  
  North Carolina lawmakers decided Thursday that hog and poultry operations should get added protection from lawsuits by neighbors complaining that swarms of flies and the intense stink of animal waste create a nuisance. The Republican-dominated state House gave final approval …
  
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• Drunk Driver Hits 5 Students At Florida School Bus Stop, Kills 1

  01-05-2017 06:47
  
  A Florida sheriff’s deputy was sleeping Thursday afternoon when his 11-year-old daughter called and asked him to pick her up at her school bus stop. Seconds later, his daughter screamed into the phone. “Dad, help me, help me!” Polk County …
  
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• Top risk and insurance concerns when negotiating an acquisition or merger - Smart Business Network

  01-05-2017 06:43 via sbnonline.com
  Top risk and insurance concerns when negotiating an acquisition or merger
  Smart Business Network
  Typically, risk management and insurance due diligence doesn't kill a deal. But it can help buyers negotiate a lower price, a larger escrow fund or earn-out, or require a letter of credit for assuming certain risks. During a potential acquisition or ...
  
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• Top 10 costliest U.S. tornado catastrophes

  01-05-2017 06:01
  
  Tornadoes accounted for 40.2 percent of insured catastrophe losses from 1996 to 2015, according to Verisk’s Property Claim Services.
  
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