Insurance news

• Bill mandating insurance coverage for autism clears big hurdle - WBRC FOX6 News - WBRC.com

  10-05-2017 23:10 via wbrc.com
  
  WBRC FOX6 News - WBRC.com
  Bill mandating insurance coverage for autism clears big hurdle
  WBRC FOX6 News - WBRC.com
  A bill to provide insurance coverage to parents of children with autism cleared a big hurdle Wednesday. It came out of committee but it was watered down to exempt small business and limit the age of those it covers. Parents of children with autism don ...and more »
  
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• Mary Anne Heckwolf, health insurance executive - Baltimore Sun

  10-05-2017 22:50 via baltimoresun.com
  
  Baltimore Sun
  Mary Anne Heckwolf, health insurance executive
  Baltimore Sun
  Mary Anne Heckwolf, a retired Blue Cross Blue Shield insurance executive, died May 7 after a fall related to brain cancer at her Glen Arm home. She was 68. Born in Baltimore and raised on Kimble Road in Ednor Gardens, she was the daughter of Leonard J.and more »
  
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• House Republicans Preparing 5-Year Flood Insurance Reauthorization - Morning Consult

  10-05-2017 22:45 via morningconsult.com
  
  The Hill
  House Republicans Preparing 5-Year Flood Insurance Reauthorization
  Morning Consult
  Republican members of the House Financial Services Committee have developed their initial outline of a plan to overhaul and reauthorize the National Flood Insurance Program, which expires at the end of September. Flood insurance is likely to be one of ...
  House GOP to unveil 5-year flood insurance billThe Hillall 3 news articles »
  
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• Uber offers insurance to US drivers, but only in certain states (updated) - Engadget

  10-05-2017 22:16 via engadget.com
  
  Engadget
  Uber offers insurance to US drivers, but only in certain states (updated)
  Engadget
  Uber is once again blurring the lines between independent contractor and employee. This time the ride-hailing service is offering insurance to its drivers as part of a pilot program in Arizona, Delaware, Illinois, Oklahoma, Pennsylvania, South Carolina ...
  Uber hikes rates so its drivers can pay for insuranceInsurance Business America
  Uber will charge passengers for driver insuranceKRMGall 4 news article
  
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• Thumbscrews, Iron Maiden, the Rack… Take Your Pick With Insurance Companies - Medscape

  10-05-2017 22:09 via medscape.com
  Medscape
  Thumbscrews, Iron Maiden, the Rack… Take Your Pick With Insurance Companies
  Medscape
  A long time ago, when I was in college, I read about experiments in which white rats were subjected to stress. The constant stress that accompanied any behavior they engaged in eventually caused the rats to find a corner and just huddle and shiver.
  
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• Bill to require autism insurance coverage changed, advances - AL.com

  10-05-2017 22:04 via al.com
  
  AL.com
  Bill to require autism insurance coverage changed, advances
  AL.com
  Parents and advocates for a bill requiring many insurance plans to cover autism therapy packed a committee meeting room an hour before the meeting. ((Mike Cason/[email protected])). Print Email · Mike Cason | [email protected] By Mike Cason ...
  AL Senate passes autism insurance bill with amendmentsAlabama's News Leaderall 21 news articles »
  
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• Allen Wants Sweeping Powers to Rescue Insurance Market if AHCA Passes - The Lund Report

  10-05-2017 21:58 via thelundreport.org
  Allen Wants Sweeping Powers to Rescue Insurance Market if AHCA Passes
  The Lund Report
  Republicans on the Oregon House Rules Committee were skeptical of allowing state insurance regulators to ignore state law, but Regence BlueCross BlueShield and OSPIRG both support giving these emergency powers to avert the collapse of the insurance ...
  
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• Should You Buy Wedding Insurance? - Barron's

  10-05-2017 21:50 via barrons.com
  
  Barron's
  Should You Buy Wedding Insurance?
  Barron's
  For $200, you can get cancellation insurance. It might not cover rain on your wedding day, but it will protect you against a hurricane. By. Emily Bary. May 10, 2017 3:48 p.m. ET. Text Size; Regular; Medium; Large. Wedding insurance can provide a ...
  
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• No satisfaction for Hank Greenberg following appeals court ruling

  10-05-2017 21:24
  
  Three-judge panel says Starr lacks legal standing to challenge the 2008 federal takeover of AIG.
  
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• Rep. Raúl Labrador, people do die from lack of insurance - The Hill (blog)

  10-05-2017 20:31 via thehill.com
  
  The Hill (blog)
  Rep. Raúl Labrador, people do die from lack of insurance
  The Hill (blog)
  Perhaps Rep. Raúl Labrador (R-Idaho) should have had better information before he took the position that "nobody dies" from a lack of healthcare coverage. According to a recent Time article, a member of the audience at the recent town hall at Lewis ...
  Yes, Americans Die Earlier Without Health InsuranceThe National Memo (blog)all 85 news articles »
  
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• How AIG Woes Hurt U.S. Commercial Lines Results: Fitch

  10-05-2017 20:30
  
  While U.S. commercial lines insurance had been a relatively bright spot among property/casualty insurers, the sector is facing some clear deterioration due to weakening premiums and poor loss experience. What’s more, Amercian International Group (AIG) alone is to blame for …
  
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• Lemonade, Slice launch InsurTech products in California

  10-05-2017 20:20
  
  Actor and entrepreneur Ashton Kutcher endorses Lemonade’s philanthropic business model.
  
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• Embroker Modernizes Buying Professional Liability Insurance - Above the Law

  10-05-2017 20:11 via abovethelaw.com
  
  Above the Law
  Embroker Modernizes Buying Professional Liability Insurance
  Above the Law
  S14_Lawyers - d@2x-300x200 Embroker is a modern insurance broker with a refreshing approach to an antiquated industry: use technology to eliminate paperwork and redundancies, and provide pricing transparency when purchasing professional liability ...
  
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• Cyber crime fears drive up demand for anti-hacker insurance

  10-05-2017 19:35
  
  Allianz currently writes a double-digit million-euro amount of cyber insurance premiums and recorded 28 percent growth last year.
  
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• 4 Things To Know About Insurance On Your Air Conditioning - Nasdaq

  10-05-2017 19:10 via nasdaq.com
  
  Nasdaq
  4 Things To Know About Insurance On Your Air Conditioning
  Nasdaq
  This content is made possible by our sponsor; the views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The cooling season is underway in the hottest regions of the U.S. and, ...
  
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• What Newlyweds Need to Know About Insurance - Nasdaq

  10-05-2017 19:03 via nasdaq.com
  
  Nasdaq
  What Newlyweds Need to Know About Insurance
  Nasdaq
  Newlyweds face some big decisions as they merge their lives, and not just whose tacky furniture is headed for the nearest dumpster. Now that you and your spouse are an official family, it's a good time to review your insurance options. Here are some ...and more »
  
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• Evacuations Continue in Georgia Wildfire Zone But Many Defy Orders

  10-05-2017 18:55
  
  Jessica Boldin and her family evacuated 15 horses, six dogs and other animals from their ranch in rural Georgia as a vast wildfire emerging from the Okefenokee Swamp blackened trees behind their home. Flames that pushed within 3 miles (5 …
  
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• Insurance is underservicing the $11 trillion aging wallet - Insurance Business America

  10-05-2017 18:43 via insurancebusinessmag.com
  
  Insurance Business America
  Insurance is underservicing the $11 trillion aging wallet
  Insurance Business America
  Insurance is underservicing the $11 trillion aging wallet The population is getting older and people are living longer. This represents an opportunity for insurers – an opportunity they're not yet taking. A recent report by the Swiss Re Institute has ...
  
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• Ohio Fines Pipeline Builder $430K for Water, Air Violations

  10-05-2017 18:40
  
  Ohio environmental regulators have issued a $430,000 fine against a company building a natural gas pipeline from West Virginia to Michigan. Energy Transfer is the company building the $4.2 billion Rover pipeline. It will carry gas from West Virginia, western …
  
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• Louisiana Lawmakers Dismiss Plan to Ban Speed Enforcement Cameras

  10-05-2017 18:38
  
  Voters won’t be deciding whether they want to ban certain traffic cameras in Louisiana. The House transportation committee resoundingly defeated the proposal from Republican Rep. Paul Hollis, of Covington, to prohibit local governments from using automated speed enforcement devices to …
  
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• Police: Vehicle Thefts in Bismarck, North Dakota, Doubled Last Year

  10-05-2017 18:37
  
  Bismarck, N.D., police say the number of motor vehicle thefts more than doubled last year. A new report that compiles crime statistics for the city shows 309 vehicles were stolen in Bismarck last year, compared with 154 in 2015. Police …
  
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• Venture Programs Adds Baker as Underwriter for South, Central U.S.

  10-05-2017 18:36
  
  Venture Programs, national insurance program administrator based in West Chester, Pa., has hired Diane Baker as regional underwriter for the company’s U.S. south and central regions. As regional underwriter, Baker will be responsible for writing new business and renewals as …
  
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• Everest Launches Cyber Protection for Private Equity Firms, Portfolio Companies

  10-05-2017 18:32
  
  Everest Insurance has collaborated with cybersecurity firm, Soteria, LLC, and its group of former U.S. government cyber security experts, in conjunction with the launch of its new Elevation Private Equity Insurance Policy. The policy will provide assistance to policyholders in …
  
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• AssuredPartners Acquires Preferred Guardian Insurance of Dallas

  10-05-2017 18:29
  
  Preferred Guardian Insurance (PGI) of Dallas, Texas, has joined the national broker AssuredPartners Inc. PGI was formed in 2003 during the black mold crisis in Dallas. It offers all lines of coverage with a specialty in errors and omissions (E&O) …
  
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• Woman Hurt in O’Hare Train Accident Awarded $6.6M

  10-05-2017 18:22
  
  A jury has awarded more than $6 million to a woman seriously injured when a Chicago Transit Authority train derailed at O’Hare International Airport. Yolanda Montes was hurt when the Blue Line train crashed through a barrier at the airport …
  
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• Iowa Woman Awarded Nearly $750K in Whistleblower Case

  10-05-2017 18:17
  
  An Iowa judge has awarded nearly $750,000 in damages to a woman who reported what she thought was abuse of a student at a Keokuk boarding school for troubled youths. The Hawk Eye reports that the award was announced for …
  
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• President, CEO Leigh Ann Pusey stepping down from American Insurance Association

  10-05-2017 18:02
  
  Pusey served as CEO since 2009 and joined AIA 20 years ago.
  
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• Wells Fargo said to explore sale of insurance brokerage unit - Charlotte Observer

  10-05-2017 16:35 via charlotteobserver.com
  
  Charlotte Observer
  Wells Fargo said to explore sale of insurance brokerage unit
  Charlotte Observer
  Wells Fargo is weighing a sale of its insurance brokerage business, which could fetch about $2 billion, people familiar with the matter said. The San Francisco-based lender has begun reaching out to private equity firms to gauge interest in Wells Fargo ...
  Why Wells Fargo Insurance Unit Sale May Make SenseTheStreet.comall 90 news articles »
  
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• Quake Strikes Western End of Alaska’s Aleutian Islands

  10-05-2017 16:28
  
  A magnitude 4.3 earthquake hit the Andreanof Islands on the far western end of Alaska’s Aleutian chain. The National Earthquake Information Center says that at 8:36 p.m. local time the earthquake hit a spot about 72 miles (116 kilometers) west …
  
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• Joe Montana Files Suit Against Developer of San Francisco Sinking High-Rise

  10-05-2017 16:26
  
  Former San Francisco 49er Joe Montana has filed a lawsuit against the developers of a luxury high-rise condominium tower in Northern California that is sinking at an unexpected rate. San Jose television station KNTV reported Montana filed the last suit …
  
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• Massachusetts Court Affirms How to Calculate Interest in Workers’ Comp Suit

  10-05-2017 16:22
  
  The Massachusetts Appeals Court has affirmed the Department of Industrial Accidents (DIA) reviewing board’s decision in a case involving how interest should be assessed on unpaid workers’ compensation claims. The DIA is responsible for overseeing the workers’ compensation system in Massachusetts. This …
  
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• AXIS Capital CFO Henry to Retire; Vogt Named as Successor

  10-05-2017 15:26
  
  AXIS Capital Holdings Ltd. announced that Chief Financial Officer Joseph Henry will retire at the end of 2017 after five years as CFO at AXIS, said the company in a statement. The current AXIS Insurance Chief Operating Officer Peter Vogt …
  
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• CEO Pusey to Leave Insurer Trade Group AIA for Eli Lilly

  10-05-2017 15:21
  
  The American Insurance Association (AIA) announced today that President and CEO Leigh Ann Pusey will be stepping down on June 9, after leading the organization since 2009. Pusey is leaving to join global pharmaceutical firm Eli Lilly and Co. as …
  
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• How well do you know condo insurance exclusions?

  10-05-2017 15:20
  
  Should a condo owner's injury be covered by the association's policy? What about damage perpetuated by a renter?
  
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• Startup Lemonade Enters California Homeowners, Renters Insurance Markets

  10-05-2017 14:50
  
  Insurance startup Lemonade is now selling homeowners and renters insurance in California. California marks the third state of entry for the insurtech that is built on artificial intelligence and behavioral economics. It first launched in New York last September and in Illinois …
  
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• Cross Insurance Acquires AE Barnes Insurance Agency in Massachusetts - Insurance Journal

  10-05-2017 14:30 via insurancejournal.com
  
  Cross Insurance Acquires AE Barnes Insurance Agency in Massachusetts
  Insurance Journal
  Cross Insurance, a Bangor, Maine-based subsidiary of Cross Financial Corp., is continuing to grow its presence in Massachusetts with the purchase of the A.E. Barnes Insurance Agency of South Weymouth, Mass. Since its founding in 1915 by Albert E.
  
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• Munich Re & Hannover Re Results on Track Despite Higher Nat Cat Claims

  10-05-2017 14:22
  
  Reinsurers Munich Re and Hannover Re both reported that first quarter results are on track to meet their annual targets, despite Q1’s higher level of catastrophe claims. Munich Re reported consolidated first quarter profit rose 22 percent to €557 million …
  
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• Cross Insurance Acquires A.E. Barnes Insurance Agency in Massachusetts

  10-05-2017 14:20
  
  Cross Insurance, a Bangor, Maine-based subsidiary of Cross Financial Corp., is continuing to grow its presence in Massachusetts with the purchase of the A.E. Barnes Insurance Agency of South Weymouth, Mass. Since its founding in 1915 by Albert E. Barnes, …
  
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• Lemonade sweetens U.S. insurance rollout plans with California ... - Reuters

  10-05-2017 14:06 via reuters.com
  
  Insurance Journal
  Lemonade sweetens U.S. insurance rollout plans with California ...
  Reuters
  Lemonade Inc, a tech-driven insurance startup that promises renters and homeowners insurance in as little as 90 seconds and payment of claims in 3 minutes, ...
  Startup Lemonade Enters California Homeowners, Renters Insurance MarketsInsurance Journal
  Home Insurance Startup Lemonade Expands to CaliforniaInc.comall 10 news articles »
  
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• AXA plans to list US insurance, asset management business in 2018 - Reuters

  10-05-2017 13:21 via reuters.com
  
  Reuters
  AXA plans to list US insurance, asset management business in 2018
  Reuters
  FILE PHOTO: Logo of France's biggest insurer AXA is seen in Paris, France, August 4, 2016. REUTERS/Jacky Naegelen/File Photo. 1/3. left. right. File Photo: The AXA logo is seen at its headquarters in Melbourne May 31, 2010. REUTERS/Mick Tsikas/File ...
  AXA to list AllianceBernstein alongside US insurance armFinancial News (subscription)all 36 news articles »
  
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• Warren Township teachers believe they might have been ... - Chicago Daily Herald

  10-05-2017 12:39 via dailyherald.com
  Chicago Daily Herald
  Warren Township teachers believe they might have been ...
  Chicago Daily Herald
  About 75 teachers union members at Warren Township High School in Gurnee delivered a message Tuesday night regarding allegations they have been ...and more »
  
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• The steps to successful agency perpetuation — part 1

  10-05-2017 12:30
  
  Successfully executing a perpetuation plan will depend on how well your integration plan works, because if not, a lifetime of effort can disappear when the deal you finally made blows up.
  
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• Woman Burned by Connecticut Bible Camp Heater Awarded $1.4M

  10-05-2017 12:26
  
  A woman who was severely burned by a propane heater at a Connecticut bible camp has been awarded $1.4 million in a negligence lawsuit. Nicole Andrew was visiting her boyfriend at the Mountain Lake Bible Camp in Warren, Conn., in …
  
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• How to bridge the insurance industry technology gap

  10-05-2017 12:00
  
  Here are five ways to modernize without breaking the bank.
  
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• Insurance offices risk losing business by making callers wait on hold

  10-05-2017 11:30
  
  Insurance businesses in North America risk losing business by making customers wait on hold for almost 28 seconds, new research has revealed.
  
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• Will Congress Save the Children's Health Insurance Program? - The Atlantic

  10-05-2017 10:50 via theatlantic.com
  
  The Atlantic
  Will Congress Save the Children's Health Insurance Program?
  The Atlantic
  Subscribe to The Atlantic's Politics & Policy Daily, a roundup of ideas and events in American politics. As Congress debates the future of the Affordable Care Act, will lawmakers forget about the kids? Federal funding for the Clinton-era Children's ...
  
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• London-Based MGA Nexus Offers Cyber Insurance in Partnership with Beazley

  10-05-2017 10:15
  
  Nexus Group, the London-based independent specialty managing general agent (MGA), has formed a partnership with Beazley to provide cyber insurance with effect from May 1, 2017. Nexus will underwrite the new line, offering third party cover up to a maximum …
  
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• AXA Plans IPO of Minority Stake of U.S. Businesses to Free Up Capital

  10-05-2017 09:17
  
  AXA Chief Executive Thomas Buberl plans to overhaul the group’s U.S. operations, proposing to float its American life insurance and asset management businesses in the first half of 2018 in order to free up capital. The listing of a minority stake in …
  
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• High-Profile Cyber Attacks Drive Growth of Cyber Crime Insurance - Insurance Journal

  10-05-2017 09:10 via insurancejournal.com
  
  High-Profile Cyber Attacks Drive Growth of Cyber Crime Insurance
  Insurance Journal
  For companies and organizations, an attack by hackers can inflict financial losses, corporate embarrassment and legal action. For insurers jumping into the.and more »
  
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• High-Profile Cyber Attacks Drive Growth of Cyber Crime Insurance

  10-05-2017 09:10
  
  For companies and organizations, an attack by hackers can inflict financial losses, corporate embarrassment and legal action. For insurers jumping into the brave new world of cyber crime insurance, it’s free marketing for what could be a $10 billion opportunity. …
  
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