Insurance news

• Letter: Trumpcare and "High-Risk" Insurance - The Columbus Dispatch

  08-05-2017 23:49
  
  Letter: Trumpcare and "High-Risk" Insurance
  The Columbus Dispatch
  Republican Representative Mo Brooks of Alabama says that Trumpcare “allows insurance companies to 'contribute' more” for health insurance, and charge less to those “who lead good lives, they're healthy, they've done the things to keep their bodies ...and more »
  
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• Power outage: How homeowners can tackle power loss this hurricane season

  08-05-2017 23:07
  
  Severe weather is the single leading cause of power outages in the U.S. Quick and easy ways to help families keep comfortable and safe during a power outage.
  
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• Nasburg Huggins Names Gordon Producer in Oregon

  08-05-2017 22:18
  
  Nasburg Huggins Insurance has named Spencer Gordon as an account executive producer in its Coos Bay, Ore. office. Gordon was previously executive director of the local non-profit agency Bay Area Enterprises. He was a research analyst at the Oregon Department …
  
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• NFP's Beatty Joins CAL Insurance as Managing Director - Insurance Journal

  08-05-2017 22:09
  
  NFP's Beatty Joins CAL Insurance as Managing Director
  Insurance Journal
  CAL Insurance & Associates Inc. has named Diane Beatty as a managing director if private client services. Beatty has experience working in the high-net-worth area. She previously was a regional vice president at NFP. Before that, she was a senior ...
  
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• NFP’s Beatty Joins CAL Insurance as Managing Director

  08-05-2017 22:09
  
  CAL Insurance & Associates Inc. has named Diane Beatty as a managing director if private client services. Beatty has experience working in the high-net-worth area. She previously was a regional vice president at NFP. Before that, she was a senior …
  
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• Uncertainty results in increased insurance rate requests in Connecticut - New Haven Register

  08-05-2017 22:02
  
  Washington Times
  Uncertainty results in increased insurance rate requests in Connecticut
  New Haven Register
  HARTFORD >> The two health insurance companies currently participating in Connecticut's health insurance exchange will participate in 2018, unless the ...
  Health insurance in America does not workWashington Timesall 25 news articles »
  
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• Insurtech Slice Now Offering Homeshare Insurance in California

  08-05-2017 21:44
  
  Slice Insurance Technologies, an insurtech company offering on-demand, short-term insurance coverage, is now selling its product for homesharing hosts in California. The California Department of Insurance said that the surplus lines broker is coming into the market to give Airbnb and …
  
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• California Insurance Department Introduces New Insuretech for Homeshare Insurance - Insurance Journal

  08-05-2017 21:44
  
  Insurance Journal
  California Insurance Department Introduces New Insuretech for Homeshare Insurance
  Insurance Journal
  Slice Insurance Technologies, an insuretech company offering on-demand, short-term insurance coverage, is being welcomed by the California Department of Insurance. The CDI made an announcement today that the surplus lines broker is coming into the ...
  
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• California Insurance Department Introduces New Insuretech for Homeshare Insurance

  08-05-2017 21:44
  
  Slice Insurance Technologies, an insuretech company offering on-demand, short-term insurance coverage, is being welcomed by the California Department of Insurance. The CDI made an announcement today that the surplus lines broker is coming into the market to give Airbnb and …
  
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• Insurance could shift for 250000 Wisconsin state workers under Scott Walker budget proposal - Milwaukee Journal Sentinel

  08-05-2017 21:07
  
  Milwaukee Journal Sentinel
  Insurance could shift for 250000 Wisconsin state workers under Scott Walker budget proposal
  Milwaukee Journal Sentinel
  MADISON - After years of skepticism, lawmakers must now decide on Gov. Scott Walker's plan to save at least $60 million by restructuring health insurance for some 250,000 government employees and their families. The Republican governor wants the state ...
  Scott Walker asks lawmakers to back switch to self-insurance plan for public employeesMadiso
  
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• Who's using what in the insurance industry: May 8, 2017

  08-05-2017 20:04
  
  Technology news from Farmers Insurance, Salesforce, Loss Control 360, BetterView, Capgemini, Experitest, Hallmark Financial Services, StoneRiver, Sapiens and more.
  
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• Insurer compliance and N.Y.'s new cybersecurity regulations

  08-05-2017 19:20
  
  According to former NAIC President Adam Hamm, new regulations will provide insurers with a very specific set of cyber requirements to follow.
  
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• Wild Weather Causes Damage Across Southeast

  08-05-2017 18:54
  
  Storms moving across the Southeast late last week caused damage from high winds and tornadoes in some parts, as well as sparked fires, in multiple states. Officials say tropical storm-force winds blew down power lines and trees across the area …
  
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• Dozens Forced to Evacuate in Southern Georgia as Wildfire Spreads

  08-05-2017 18:51
  
  Several dozen people in Georgia’s southernmost county have been evacuated after a wildfire in the Okefenokee Swamp has begun to burn just a few miles from the St. George community. Saturday’s evacuation initially included a sparsely populated rural area of …
  
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• Indiana Injured Worker Benefits Rise, but Per Claim Cost Still Low

  08-05-2017 18:50
  
  Income benefits paid to Indiana’s injured workers through workers’ compensation claims rose nearly 5 percent between 2014 and 2015, a Workers Compensation Research Institute (WCRI) study found. “The recent increase in Indiana’s indemnity benefits per claim may partly reflect the …
  
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• Arkansas Implements 60-Day Premium Payment Extension for Flood Victims

  08-05-2017 18:45
  
  Arkansas Insurance Commissioner Allen Kerr announced a 60-day moratorium on the cancellation/non-renewal of insurance policies for the non-payment of premiums by Arkansans residing in counties declared a disaster by Gov. Asa Hutchinson following the severe weather that occurred in the …
  
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• Why Republicans Want to Make Women Pay More Than Men for Health Insurance - New York Magazine

  08-05-2017 18:44
  
  New York Magazine
  Why Republicans Want to Make Women Pay More Than Men for Health Insurance
  New York Magazine
  Last week, after a nearly all-male group of Republicans celebrated the passage of a House bill that would, they boast, enable men to stop having to pay for women's health care, and as a completely male Senate Republican working group gets to work on ...
  Letter: Republicans reduce guaranteed insuranceChico Enterprise-Recordall 3 news articles »
  
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• Charles Munger says 'dangerous' $10.2B AIG deal offers rewards

  08-05-2017 18:41
  
  Right now, the funds from AIG are earning 'peanuts' for Berkshire, but there is potential for better returns
  
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• Louisiana Scraps Proposal to Use $190M in Flood Aid for Canal Project

  08-05-2017 18:40
  
  A proposal to divert $190 million of Louisiana’s disaster recovery money to a flood protection project was scrapped amid criticism that it risked stripping aid from thousands of homeowners trying to rebuild after last year’s devastating floods. The money shift …
  
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• Ohio Plant Fined $570K after Worker Loses Hand, Part of Arm

  08-05-2017 18:39
  
  An auto parts maker in Ohio is being fined nearly $600,000 after a worker in Oregon, Ohio, lost his right hand and part of his arm in an industrial accident. The U.S. Occupational Safety and Health Administration says the accident …
  
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• Zacharopoulos to Lead Willis Towers Watson’s Midwest Financial Institutions Unit

  08-05-2017 18:38
  
  Willis Towers Watson has appointed Thomas Zacharopoulos as Midwest leader for its Financial Institutions Industry group. Zacharopoulos will be responsible for business development and delivering the full scope of the company’s distinctive financial institution capabilities to its corporate risk and …
  
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• Palomar Specialty, AAA Club to Offer Earthquake Insurance in Oklahoma

  08-05-2017 18:37
  
  Palomar Specialty Insurance Co. has partnered with AAA Club Alliance to offer residential earthquake insurance, starting in Oklahoma. According to AAA Oklahoma Vice President of Insurance Russ Iden more than half of the group’s members who insure their home with …
  
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• Oklahoma Commissioner Unhappy About State Farm’s Plan to Exit Tulsa

  08-05-2017 18:36
  
  State Farm is planning to close its Tulsa operations center in 2019, and the state’s insurance commissioner is none too happy about it. According to the Associated Press, spokesman Justin Tomczak said the company will be moving 530 Tulsa-area jobs …
  
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• Berkshire's earnings hit speed bump on insurance businesses

  08-05-2017 18:00
  
  Berkshire’s namesake reinsurance group and General Re unit incurred costs tied to a cyclone in Australia. Pretax profit fell 34 percent at Geico, which sells auto coverage.
  
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• Michigan's no-fault law to blame for high Detroit car insurance rates, says report - Detroit Metro Times

  08-05-2017 17:47
  
  Detroit Metro Times
  Michigan's no-fault law to blame for high Detroit car insurance rates, says report
  Detroit Metro Times
  Drivers in the Motor City pay exorbitant rates for auto insurance — among the highest in the nation, at more than $3,000 per year per vehicle. Why? According to a lengthy Free Press report released over the weekend, Michigan's unique no-fault ...
  Sky-high insurance premiums: Detroit group pushing for changeWXYZ
  How Michigan got — and kept — no-fault auto i
  
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• The 'Medicaidization' Of The Health Insurance Marketplaces: A ... - Health Affairs (blog)

  08-05-2017 17:26
  
  Health Affairs (blog)
  The 'Medicaidization' Of The Health Insurance Marketplaces: A ...
  Health Affairs (blog)
  When stripped of emotion and hyperbole, the debate about repealing and replacing the Affordable Care Act (ACA) is fundamentally about how to stretch limited ...and more »
  
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• Partial Settlement for Victims of California Balcony Fall

  08-05-2017 16:52
  
  The victims of a balcony collapse in Berkeley, Calif., that killed six college students have reached a settlement with some of the companies they sued in 2015. The settlements are confidential, said lawyers for the families of the students who …
  
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• Lawmakers in Nevada Pushing Blood-Only Detection Of Marijuana DUIs

  08-05-2017 16:48
  
  Weighing in on how Nevada should test people for stoned driving, lawmakers advanced a measure to eliminate urine samples as a viable measure for police to show a driver to be impaired by marijuana. Under the bipartisan proposal, law enforcement …
  
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• Quakes Strike Alaska’s Kenai Peninsula, Aleutian Islands

  08-05-2017 16:44
  
  The Alaska Earthquake Center reports that a magnitude 5.2 earthquake struck in the Kenai Peninsula region of Alaska. Officials say the moderate quake was felt in the Anchorage area. No damage was reported from the quakes, which struck at 8:25 …
  
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• Paying off meters pays off for Rochester insurance agent | Local ... - Post-Bulletin

  08-05-2017 16:15
  
  Post-Bulletin
  Paying off meters pays off for Rochester insurance agent | Local ...
  Post-Bulletin
  As a brand new insurance agent, Andrew Cooney wanted to get his name out.and more »
  
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• Want Insurance In Under 2 Minutes? Jetty Co-Founders Talk Insuring City Dwellers - Nasdaq

  08-05-2017 16:06
  
  Nasdaq
  Want Insurance In Under 2 Minutes? Jetty Co-Founders Talk Insuring City Dwellers
  Nasdaq
  Getting residential insurance is a hassle. Between the time-consuming forms and the quest to find agencies that will cover all your unique things that make you you commodities, the process can be daunting. That's why two Princeton grads launched Jetty, ...
  
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• Digital Property Inspection Startup Spex Gains J.S. Held as Backer

  08-05-2017 16:05
  
    J.S. Held, a Jericho, N.Y.-based construction and property damage consulting firm, said it has become a majority owner in Spex, a digital property inspection and reporting platform for the property/casualty insurance industry. Financial terms of the private transaction were …
  
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• Two People Killed at Massachusetts Indoor Auto Auction Identified

  08-05-2017 15:29
  
  Two Rhode Island residents were identified Thursday as victims of a deadly crash at a crowded indoor automobile auction in Massachusetts. Three people died Wednesday when an SUV being shown to prospective buyers suddenly accelerated, striking several people and crashing …
  
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• Heavy Rains Cause Flooding in NYC Region, Disrupt Travel

  08-05-2017 15:23
  
  Heavy rains caused flooding in New York City and flight delays in the region on Friday. Officials said two tracks at Penn Station were out of service Friday afternoon because of flooding and parts of the West Side Highway, along …
  
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• Kimberly-Clark Sues to Force Spinoff to Pay $350 Million Surgical Garb Damages

  08-05-2017 15:22
  
  Kimberly-Clark Corp. sued its spinoff Halyard Health Inc. claiming it wrongfully refused to pick up the entire tab for a $454 million verdict against the companies over the safety of some of their surgical gowns. The complaint filed last Tuesday …
  
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• NYC Fire Museum Displays Hindenburg’s Insurance Policy

  08-05-2017 15:19
  
  A New York City museum’s collection includes the insurance policy written for the Hindenburg, which exploded over New Jersey 80 years ago this weekend. The Daily News reports officials at the New York City Fire Museum in Lower Manhattan unveiled …
  
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• JLT Specialty Names Nichols as Senior Vice President

  08-05-2017 15:12
  
  JLT Specialty USA, a U.S. subsidiary of Jardine Lloyd Thompson Group, announced the appointment of Grant Nichols as senior vice president. Based in Philadelphia, Nichols will focus on brokering complex environmental insurance programs. He will be a senior broker in the …
  
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• One-Minute Read: Why You Might Want Wedding Insurance ... - NerdWallet (blog)

  08-05-2017 15:00
  
  NerdWallet (blog)
  One-Minute Read: Why You Might Want Wedding Insurance ...
  NerdWallet (blog)
  If you're busy planning a wedding, you might want to consider insuring it. You can do that for much less than the cost of a ceremony and reception.and more »
  
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• Securities Class Action Activity Remains High: Cornerstone Research

  08-05-2017 14:32
  
  U.S. Securities and Exchange Commission (SEC) enforcement activity remained elevated through the first half of fiscal year 2017, according to Cornerstone Research. The data show an increase in actions involving broker-dealers, issuer reporting and disclosure, and securities offerings. The SEC …
  
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• If you're 50 or older, your health insurance may get more expensive. - Washington Post

  08-05-2017 14:01
  
  Washington Post
  If you're 50 or older, your health insurance may get more expensive.
  Washington Post
  Many seniors won't fare well under the American Health Care Act, which passed the House last week. I'm not trying to scare you, but the GOP's effort to repeal the Affordable Care Act, otherwise known as Obamacare, may mean the amount you need to save ...
  Democrat and Republican split on health insuranceWPTV.com
  Pre-existing myths: Scare tactics about insuranceThe Union Leader
  Colorado GOP g
  
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• Uber Builds Toronto AI Team, as It Awaits Outcome of Autonomous Car Lawsuit

  08-05-2017 14:00
  
  Uber Technologies Inc., in the midst of legal battle with Alphabet Inc. over self-driving car technology, is building a new artificial intelligence team in Toronto to help improve its autonomous vehicle software. The team will be part of Uber’s Advanced Technologies Group, …
  
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• Trump-bashing begins in California's race for state insurance ... - Los Angeles Times

  08-05-2017 13:29
  
  Los Angeles Times
  Trump-bashing begins in California's race for state insurance ...
  Los Angeles Times
  President Trump may not be running for California insurance commissioner but that doesn't mean he won't be a political target in the ca...and more »
  
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• The insurance industry is about to get a whole lot weirder - MarketWatch

  08-05-2017 13:00
  
  MarketWatch
  The insurance industry is about to get a whole lot weirder
  MarketWatch
  Francois Robinet, Managing Director, AXA Strategic Ventures, is a French venture capitalist who invests in startups that are disrupting the insurance industry. He talked to MarketWatch about the future of insurance. Posted May 8, 2017 ...
  
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• BMS Harris & Dixon Marine Taps H.W. Wood’s Hoare as Managing Director

  08-05-2017 12:51
  
  BMS Group Ltd., the independent, re/insurance broking arm of Minova Insurance, announced that John Hoare has been appointed managing director of BMS Harris & Dixon Marine, BMS’ specialty marine division. Hoare succeeds current managing director Tony Pryce, who will remain …
  
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• Berkshire’s Buffett Says Republican Heath Plan Is Tax Cut for Wealthy

  08-05-2017 12:40
  
  Berkshire Hathaway Inc. Chairman Warren Buffett on Saturday fumed that healthcare costs are eating away at the U.S. economy like “tapeworm” and said the Republican approach to overhaul Obamacare is a tax cut for the rich. The U.S. House of …
  
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• Berkshire’s Buffett Says Republican Health Plan Is Tax Cut for Wealthy

  08-05-2017 12:40
  
  Berkshire Hathaway Inc. Chairman Warren Buffett on Saturday fumed that healthcare costs are eating away at the U.S. economy like “tapeworm” and said the Republican approach to overhaul Obamacare is a tax cut for the rich. The U.S. House of …
  
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