Insurance news

• RIC in Nevada Names Watson Transportation Underwriting Manager

  02-05-2017 23:07
  
  Reno, Nev.-based RIC Insurance General Agency has named Jim Watson transportation underwriting manager. Watson worked as a commercial auto product manager at Capital Insurance Group prior to joining RIC. He was also an underwriter at Coastal Brokers Insurance Services, and …
  
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• Obamacare 101: Will sick Americans still be able to get insurance under the House Republican bill? - Los Angeles Times

  02-05-2017 22:55 via latimes.com
  
  Los Angeles Times
  Obamacare 101: Will sick Americans still be able to get insurance under the House Republican bill?
  Los Angeles Times
  As they scramble to get votes to advance legislation to roll back the Affordable Care Act, President Trump and House Republican leaders insist their bill would protect Americans who have preexisting medical conditions. But most healthcare experts and ...and more »
  
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• Pet Insurance: Know Your Coverage - whotv.com

  02-05-2017 22:36 via whotv.com
  
  whotv.com
  Pet Insurance: Know Your Coverage
  whotv.com
  UNITED STATES -- The cost of pet insurance varies depending on the age of your pet, the breed, and, like insurance for humans, the amount of your deductible. It tends to average several hundred dollars a year, so consumer reporter Lynda Baquero ...
  
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• OneBeacon Insurance Group (OB) Agrees to be Acquired for $18.10/Share - StreetInsider.com

  02-05-2017 22:26 via streetinsider.com
  OneBeacon Insurance Group (OB) Agrees to be Acquired for $18.10/Share
  StreetInsider.com
  Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here. OneBeacon Insurance Group, Ltd. (NYSE: OB) has entered into a definitive merger agreement under which Intact Financial Corporation (TSX: IFC ...and more »
  
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• Pa. insurance commissioner educates York students about choices - York Dispatch

  02-05-2017 20:16 via yorkdispatch.com
  
  York Dispatch
  Pa. insurance commissioner educates York students about choices
  York Dispatch
  Pennsylvania Insurance Commissioner Teresa Miller visited Martin Library in York on Monday morning to teach students about the importance of financial literacy regarding auto insurance. Miller was joined by Deputy Education Secretary Glenn Miller, who ...
  
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• Liberty Mutual Completes Ironshore Acquisition; Will Use Ironshore Brand for U.S. Specialty Business

  02-05-2017 20:07
  
  Liberty Mutual Insurance has completed its acquisition of specialty insurer Ironshore Inc., creating a global specialty business with approximately $6.5 billion in net written premium. Liberty Mutual announced last December it would acquire a 100 percent ownership interest in Ironshore for approximately …
  
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• Naples man sentenced to 3 years in car insurance fraud case - Naples Daily News

  02-05-2017 19:41 via naplesnews.com
  
  Naples Daily News
  Naples man sentenced to 3 years in car insurance fraud case
  Naples Daily News
  A Naples man was sentenced to three years in prison for his role in a $2 million scheme to defraud automobile insurance companies. U.S. District Judge Sheri Poster Chappell sentenced Wisler Cyrius, 36, for conspiring to commit mail fraud and money ...
  Car insurance scheme sends Naples man to prisonNBC2 News
  Naples man sentenced in car insurance scamWink Newsall 3 news articles »
  
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• 6.2 Magnitude Quake Strikes British Columbia, Canada

  02-05-2017 19:26
  
  The U.S. Geological Survey says a magnitude-6.2 earthquake has rattled the corner of British Columbia, near the boundary with Alaska. Geophysicist Amy Vaughan says the shallow, early Monday quake struck about 30 miles (48 kilometers) northwest of the tiny Alaska …
  
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• Strong Mississippi Storms Spread Destruction Across State

  02-05-2017 18:58
  
  One person died and two other people were injured Sunday as strong storms spread across Mississippi, said the Emergency Management Agency. Details of the death near Durant, Mississippi, have not been provided in an area where trees and powerlines were …
  
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• Number of Arkansas Storm-Related Fatalities Rises to 5

  02-05-2017 18:56
  
  A north-central Arkansas volunteer fire chief died after being struck by a vehicle early on April 30 while working as heavy thunderstorms moved through, one of five confirmed storm-related fatalities in the state, an official said. At least four other …
  
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• Ohio’s Motorists Insurance Launches Commercial Insurance Company

  02-05-2017 18:50
  
  Motorists Insurance Group, based in Columbus, Ohio, has launched a new commercial lines company – Motorists Insurance – in Michigan and Tennessee. The company features state-of-the-art technology to make the process from quoting to issuance and policy servicing simple and …
  
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• 3 Dead in Missouri Storms; Flooding Forces Hundreds of Rescues

  02-05-2017 18:43
  
  Torrential rain caused Missouri waterways to burst their banks over the weekend, forcing hundreds of road closures and killing at least three people. Some parts of the state got as much as a foot of rain over the weekend, though …
  
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• Charter Bus with Texas School Athletes Crashes; 2 Dead

  02-05-2017 18:42
  
  Texas Department of Public Safety authorities say two people are dead after a head-on crash involving a pickup truck and a chartered bus carrying 34 coaches and athletes from seven El Paso high schools returning home from a regional track …
  
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• Ohio Prosecutor: Building Owner Set Fire That Killed 2 Firefighters

  02-05-2017 18:41
  
  Prosecutors say a building owner on trial in the deaths of two Ohio firefighters set the deadly fire to collect insurance money. They say 64-year-old Ray Abou-Arab had filed for bankruptcy two years before the 2014 fire in Toledo and …
  
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• Oklahoma Tornado Shelter Company Owner Faces Felony Embezzlement Charges

  02-05-2017 18:39
  
  Oklahoma Attorney General Mike Hunter has filed seven felony counts of embezzlement against William Stephens, who owns Muskogee-based Tornado King Shelters. After the Attorney General’s Consumer Protection Unit received multiple complaints of alleged fraud against the Tornado King Shelters company, …
  
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• Puetz to Lead Willis Towers Watson’s Corporate Risk Business in Missouri, Kansas

  02-05-2017 18:33
  
  Willis Towers Watson has appointed John Puetz as corporate risk and broking (CRB) segment leader for the Missouri/Kansas market. Puetz will be responsible for driving the overall CRB growth strategy, value proposition and CRB talent acquisition in the Missouri and …
  
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• YOUR MONEY - Is pet insurance worth it? - Reuters

  02-05-2017 18:05 via reuters.com
  
  Reuters
  YOUR MONEY - Is pet insurance worth it?
  Reuters
  A veterinarian calms a Golden Retriever who broke her humerus, in Arvada, Colorado, April 2016. REUTERS/Rick Wilking. By Beth Pinsker | NEW YORK. NEW YORK When my 8-month old puppy nabbed a chicken thigh bone off a plate and swallowed it ...and more »
  
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• CEO's salary soared as Citizens shed homeowners insurance policies - Miami Herald

  02-05-2017 18:01 via miamiherald.com
  
  Miami Herald
  CEO's salary soared as Citizens shed homeowners insurance policies
  Miami Herald
  Even as Florida's state-run property insurer shed hundreds of thousands of policies in recent years, its chief executive's pay soared to $550,000, more than four times as much as the governor's salary. Barry Gilway, CEO of Citizens Property Insurance ...and more »
  
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• Louisiana’s Retailers Casualty Reports $1.7M Policyholder Dividend

  02-05-2017 17:55
  
  Baton Rouge, La.-based Retailers Casualty Insurance Co., a workers’ comp insurer managed by Summit, has declared a $1.7 million policyholder dividend for the 2015 policy year. Retailers Casualty policies are available in Arkansas, Louisiana, Mississippi and Texas. Each dividend is in proportion …
  
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• Ask the Attorney – Insurance rights - FOX 61

  02-05-2017 17:49 via fox61.com
  
  FOX 61
  Ask the Attorney – Insurance rights
  FOX 61
  I am a diabetic and I got hurt in a motorcycle accident. The nerves in my dominant arm, especially my elbow, were damaged. I am talking directly to the insurance adjuster who says the insurance company will pay my medical bills only. The insurance ...
  
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• Hub International Acquires Assets of City Insurance Services in California - Insurance Journal

  02-05-2017 16:51 via insurancejournal.com
  
  Insurance Journal
  Hub International Acquires Assets of City Insurance Services in California
  Insurance Journal
  Hub International Ltd. has acquired the assets of Buena Park, Calif.-based City Insurance Services its affiliates, Silver City Insurance Services Inc. and MOA Financial Services. Terms of the deal were not disclosed. Brian Jeung, City's president, will ...and more »
  
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• Hub International Acquires Assets of City Insurance Services in California

  02-05-2017 16:51
  
  Hub International Ltd. has acquired the assets of Buena Park, Calif.-based City Insurance Services its affiliates, Silver City Insurance Services Inc. and MOA Financial Services. Terms of the deal were not disclosed. Brian Jeung, City’s president, will join Hub California …
  
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• Alliant Acquires Summit Insurance Resource Group in Idaho

  02-05-2017 16:45
  
  Alliant Insurance Services Inc. has acquired Summit Insurance Resource Group in Sandpoint, Idaho. Summit will operate as part of Alliant Americas, which provides the middle market with regionally focused insurance products and services through a dedicated platform. Angela Oakes, Summit’s …
  
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• NFP Acquires Hole-in-One in Nevada

  02-05-2017 16:39
  
  NFP Corp. has acquired Reno, Nev.-based Hole-in-One U.S.A. HIO is a provider of hole-in-one coverage for golf events throughout the U.S. David Nelson, principal of the firm, will join NFP as a director and report to Terry Scali, CEO of …
  
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• As Auto Insurance Sales Stagnate, Carriers Turn to Agents: J.D. Power

  02-05-2017 16:39
  
  Amid a second straight year of stagnant auto insurance shopping activity and modest rate increases, auto insurance companies have grown increasingly reliant on great customer service, personalized advice and strong agents to win over their customers, according to the J.D. …
  
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• Study Finds Insurtech Funding Dips as Startups Launch; Predicts Small Business Disruption Ahead

  02-05-2017 16:18
  
  Total insurtech funding in the first quarter of 2017 was down, but the drop-off could be a result of the significant investments in 2016 now reaching the product launch phase, according to a report by Willis Towers Watson Securities. The …
  
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• Massachusetts Court Reverses Ruling in Rotten Seafood Coverage Dispute

  02-05-2017 16:06
  
  The Massachusetts Appeals Court has reversed a lower court’s ruling in a case examining whether damage to scallops at a seafood processing facility, when the cause of damage is unknown, constitutes an occurrence within a commercial general liability (CGL) policy. …
  
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• 6 Ways Marijuana Use Affects Your Insurance - U.S. News & World Report (blog)

  02-05-2017 15:39 via money.usnews.com
  U.S. News & World Report (blog)
  6 Ways Marijuana Use Affects Your Insurance
  U.S. News & World Report (blog)
  If you run a legal business in the marijuana industry, insurance for liability or workers' compensation may be difficult to secure or come with a high premium. (Getty Images). As U.S. marijuana laws change, the insurance industry is adapting on a state ...and more »
  
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• Calamos-Exin predicts National Insurance bid hard to match - Reuters

  02-05-2017 15:37 via reuters.com
  
  Reuters
  Calamos-Exin predicts National Insurance bid hard to match
  Reuters
  A banner hangs under the logo of National Insurance, a unit of National Bank of Greece, at the company's headquarters in Athens, Greece May 2, 2017. The banner reads ''No to the sale of National Insurance''. REUTERS/Alkis Konstantinidis. By George ...and more »
  
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• Complex Solvency II Reporting Puts Off Insurer Investors: Willis Towers Watson

  02-05-2017 13:46
  
  The insurance sector is at risk of being further marginalized by investors because performance reporting has become more complicated as a result of Solvency II, according to a report published jointly by Autonomous Research and Willis Towers Watson. Based on …
  
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• Here's how auto technology will change claims

  02-05-2017 13:00
  
  The auto industry is responding to changing vehicle technology and insurers will have to adjust too.
  
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• Aon Sells Outsourcing Platform to Focus on Data, Analytics Investments

  02-05-2017 13:00
  
  Aon announced it has completed the sale of its benefits administration and HR business process outsourcing (BPO) platform to private equity funds affiliated with Blackstone for a cash consideration of $4.3 billion at closing, and an additional consideration of up …
  
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• AIG Investors Await New CEO and Strategy

  02-05-2017 12:45
  
  For nearly two months, American International Group Inc. has planned to replace its chief executive but a successor has yet to be named, creating a void that has fueled investor concern about the insurance company’s future. AIG reports its first-quarter earnings on …
  
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• A.M. Best Upgrades Aviabel’s Ratings After AXIS Acquisition

  02-05-2017 12:38
  
  A.M. Best has removed from under review with positive implications and upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to “a” from “a-” of Compagnie Belge d’Assurances Aviation S.A. (Aviabel). The …
  
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• Shumer Joins Signature B&B from Professional Medical Insurance Services - Insurance Journal

  02-05-2017 12:31 via insurancejournal.com
  
  Shumer Joins Signature B&B from Professional Medical Insurance Services
  Insurance Journal
  The Signature B&B Companies (SBB), a New York-based regional independent insurance brokerage and an Acrisure Agency Partner, has hired Julie Shumer as senior vice president. Shumer, a 28-year veteran in the medical professional liability industry, ...
  
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• Shumer Joins Signature B&B from Professional Medical Insurance Services

  02-05-2017 12:31
  
  The Signature B&B Companies (SBB), a New York-based regional independent insurance brokerage and an Acrisure Agency Partner, has hired Julie Shumer as senior vice president. Shumer, a 28-year veteran in the medical professional liability industry, will work in SBB’s healthcare …
  
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• 4 steps businesses can take to be inclusive of transgender employees

  02-05-2017 12:30
  
  Employers should take steps now to minimize risk and build an inclusive, safe, and compliant environment for all employees.
  
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• InsurTech funding dips (for now) as startups market new wares

  02-05-2017 12:20
  
  InsurTech investment dipped slightly during Q1 2017, according to a new quarterly briefing on insurance industry technology.
  
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• Fidelis Sponsors MGA to Expand into Niche Specialty Reinsurance 

  02-05-2017 12:20
  
  Fidelis Insurance announced that it is further developing its niche specialty offerings by sponsoring a new managing general agent that focuses on specialty reinsurance. Fidelis said it will be providing investment and cornerstone capacity for the MGA, which is expected …
  
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• Arbella Insurance Foundation: Celebrating a legacy of charitable giving

  02-05-2017 12:15
  
  Read about the ways Arbella Insurance Group's employees are giving back to their communities, supported and assisted by the Arbella Insurance Foundation.
  
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• Proposed New York Regulations Crack Down on Title Insurance Industry - Insurance Journal

  02-05-2017 12:12 via insurancejournal.com
  
  Insurance Journal
  Proposed New York Regulations Crack Down on Title Insurance Industry
  Insurance Journal
  New York Governor Andrew M. Cuomo has announced two new proposed regulations to protect New Yorkers and crack down on unscrupulous practices in the title insurance industry. These new protections were drafted following an investigation by the state ...
  
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• Proposed New York Regulations Crack Down on Title Insurance Industry

  02-05-2017 12:06
  
  New York Governor Andrew M. Cuomo has announced two new proposed regulations to protect New Yorkers and crack down on unscrupulous practices in the title insurance industry. These new protections were drafted following an investigation by the state Department of …
  
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• Pennsylvania Insurance Department Becomes Partner in PA Forward Initiative

  02-05-2017 12:03
  
  Pennsylvania Insurance Commissioner Teresa Miller recently joined with leaders of the Pennsylvania Library Association and the York County Library System to announce a partnership to provide consumer information on insurance issues to Pennsylvanians at libraries throughout the state. “I am …
  
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• How to grow your agency's business — without putting your credit in danger

  02-05-2017 12:00
  
  Here are some steps to take that can help you grow your agency’s business without putting your credit in danger.
  
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• QBE Australia & New Zealand Names Prudential Plc’s Baxter as CRO

  02-05-2017 11:58
  
  QBE Australia and New Zealand announced that Mark Baxter has been appointed to the position of chief risk officer. Baxter has recently returned from the UK where he was Prudential’s chief risk officer for the UK and Europe and an …
  
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• AIG Completes Sale of Japanese Life Unit to FWD Group

  02-05-2017 11:46
  
  American International Group announced it has successfully completed the sale of AIG Fuji Life Insurance Co. Ltd. (AFLI) to FWD Group, the insurance arm of Pacific Century Group. The terms of the deal, which was originally announced in November 2016, …
  
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• GOP Rep.: Insurance Will Cost More For Sick People Who Don't Lead 'Good Lives' - TPM

  02-05-2017 07:08 via talkingpointsmemo.com
  
  TPM
  GOP Rep.: Insurance Will Cost More For Sick People Who Don't Lead 'Good Lives'
  TPM
  A Republican congressman said Monday that an amendment to the GOP's American Health Care Act would require sicker people to pay more in insurance costs than people “who lead good lives.” In an interview with CNN's Jake Tapper Monday, Rep.
  Before Obamacare, you couldn't get insurance if you had any of these conditionsAMERICAblog (blog)
  GOP Rep: Affordable Health Insurance Only For People Who "Lead
  
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• Supreme Court Issues Mixed Rulings on Municipal Suits Over Predatory Lending

  02-05-2017 07:00
  
  The U.S. Supreme Court on Monday ruled that cities may sue banks over predatory mortgage lending to minorities that harms municipal finances, but cast doubt on whether such cases can succeed by throwing out a lower court decision that had …
  
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• Federal Regulators Plan ‘Too Big to Fail’ Meeting

  02-05-2017 07:00
  
  The heads of the U.S. financial regulators will meet next week to dive into the sensitive process of labeling companies “systemically important,” better known as “too big to fail.” The Financial Stability Oversight Council will discuss President Donald Trump’s April …
  
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• Florida Eye Doctor Convicted of 67 Counts in Medicare Fraud Scheme

  02-05-2017 06:23
  
  A prominent Florida eye doctor accused of political corruption was convicted of Medicare fraud Friday, increasing the odds that federal prosecutors could pressure him to testify against New Jersey Democratic Sen. Bob Menendez. Dr. Salomon Melgen was found guilty on …
  
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