Insurance news

• Trumbull lawyer sentenced to prison in insurance scam - CTPost - CT Post

  25-05-2017 21:40 via ctpost.com
  
  CT Post
  Trumbull lawyer sentenced to prison in insurance scam - CTPost
  CT Post
  For several years he used that former position to lure others to bet on three elderly person's lives by convincing them to finance multi-million dollar life insurance ...and more »
  
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• Atlantic hurricane season may bring more storms than normal, according to NOAA

  25-05-2017 19:36
  
  There's a potential for a lot of Atlantic storm activity this year. We can't stop hurricanes but we can prepare for them.
  
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• Trumbull lawyer sentenced in insurance scam - CT Post

  25-05-2017 19:11 via ctpost.com
  
  CT Post
  Trumbull lawyer sentenced in insurance scam
  CT Post
  David Quatrella during an appearance before Fairfield's Plan and Zoning Commission on an application to change the zone classification of a residential property on Spruce Street to commercial use for a parking lot. less. David Quatrella during an ...
  
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• Sievers: How much life insurance is enough? - Montgomery Advertiser

  25-05-2017 18:56 via montgomeryadvertiser.com
  Montgomery Advertiser
  Sievers: How much life insurance is enough?
  Montgomery Advertiser
  Almost everyone knows life insurance is an agreement you make with an insurance company to pay your beneficiaries a lump sum upon your death. Proper life insurance coverage should provide you with peace of mind, since you know that those you care ...
  
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• Rising seas may wipe out Jersey towns

  25-05-2017 18:50
  
  Few parts of the U.S. are as exposed to the threats from climate change as Ocean County, New Jersey.
  
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• Federal Disaster Assistance Granted for 2 Oklahoma Counties

  25-05-2017 18:48
  
  Two Oklahoma counties may now receive disaster assistance from the U.S. Small Business Administration (SBA) as a result of the severe weather that occurred April 28 through May 2, the governor’s office reported. The designation provides SBA low-interest disaster loans …
  
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• Homeowners' insurance, liability issues and 'dangerous' dogs

  25-05-2017 18:45
  
  The larger the dog, the more damage it can inflict. But are certain breeds inherently more dangerous than others?
  
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• GOP health-care bill could cost some women $1000 more per month for 'maternity' insurance coverage - CNBC

  25-05-2017 18:42 via cnbc.com
  
  CNBC
  GOP health-care bill could cost some women $1000 more per month for 'maternity' insurance coverage
  CNBC
  The GOP bill would allow states to seek waivers for insurers to let them drop such coverage. Women could face extra charges of thousands of dollars per year for maternity care under the bill as a result. Dan Mangan | @_DanMangan. 13 Mins Ago CNBC.com.
  House Health Bill Tosses 23M Off Insurance, CBO SaysForbes
  CBO: 23 million more would be without health insurance over next decade under H
  
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• Texas ‘Industrial Insureds’ Surplus Lines Bill Signed into Law

  25-05-2017 18:30
  
  On May 11, the Texas Senate passed a bill exempting certain policyholders from the requirement that agents to make a “diligent effort” to find insurance in the admitted commercial insurance market. Gov. Greg Abbott has signed the measure, which becomes effective …
  
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• Emotional Intelligence: Do Your Leaders Walk the Talk?

  25-05-2017 18:28
  
  There is a famous story about a visit by President Kennedy to the NASA space center. When Kennedy noticed a man carrying a broom in one of the buildings, he asked: “What’s your job here?” The janitor replied: “I’m helping …
  
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• Collision Between School Bus, Truck Sends 3 Students to Hospital

  25-05-2017 18:25
  
  Three students have been taken to the hospital for minor injuries after a school bus and a truck collided in eastern South Carolina. The wreck was reported around 8 a.m. Wednesday on U.S. 52 in Moncks Corner. Berkeley County school …
  
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• Lt. Gen. Stanley E. Clarke III Named Chairman of Armed Forces Insurance

  25-05-2017 18:21
  
  Armed Forces Insurance (AFI), based in Leavenworth, Kansas, has appointed Lt. Gen. Stanley E. “Sid” Clarke III, U.S. Air Force (Ret.), as its incoming chairman. Clarke begins his new role as Armed Forces Insurance celebrates its 130th year in service …
  
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• Lloyd’s Insurers Launch Asia Political Risk Consortium

  25-05-2017 18:20
  
  Three Lloyd’s insurers have joined forces to form a Political Risk Consortium in Asia, offering increased capacity for a wide range of political and contract frustration risks. Beazley, Chaucer and Talbot will work collectively to provide large scale capacity of …
  
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• Wildfire near Leavenworth, Washington, Forces Evacuations

  25-05-2017 18:11
  
  Evacuation orders are still in effect in as crews battle a wildfire north of Leavenworth, Washington. Brendan Cowan, a spokesman for the Northwest Incident Management Team, says the blaze covered about 40 acres as of Wednesday morning. Cowan says there’s …
  
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• Suspicious Fires in Arkansas Targeting Police, Firefighter Properties

  25-05-2017 18:08
  
  Authorities in a small Arkansas town say local police and firefighters are being targeted by suspicious fires and vandalism. The Arkansas Democrat-Gazette reports the incidents in Cotton Plant began in February, when a fire destroyed a firefighter’s rental home. The …
  
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• Wisconsin County’s Initial Tornado Damage Estimate: $10M

  25-05-2017 18:06
  
  The Barron County Sheriff’s Department has released initial damage estimates from a tornado that tore through the Chetek area of northwestern Wisconsin last week. The department said Sunday that the storm damaged 231 homes and four commercial properties across the …
  
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• The Hartford names Firstenberg chief underwriting officer

  25-05-2017 18:03
  
  Firstenberg will oversee underwriting across The Hartford's P&C segments.
  
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• New Flood Plain Maps Bring Good, Bad News for South Dakota Towns

  25-05-2017 18:03
  
  The Federal Emergency Management Agency’s proposed revisions to Yankton’s flood plain map could encompass nearly 200 additional properties. On the flip side, a revision in Rapid City means 224 properties have been removed from that city’s flood hazard area. Properties …
  
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• 10-word answers (or less) to your life insurance questions - Fox Business

  25-05-2017 17:21 via foxbusiness.com
  
  10-word answers (or less) to your life insurance questions
  Fox Business
  If you're thinking about buying life insurance, it helps to know some basics. Here are fast answers to common life insurance questions. Continue Reading Below. Q: What is life insurance? A: It's insurance that pays someone after you die. Q: Who gets ...and more »
  
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• Trump's budget gets one thing right: crop insurance reform - American Enterprise Institute

  25-05-2017 17:14 via aei.org
  Trump's budget gets one thing right: crop insurance reform
  American Enterprise Institute
  The Trump administration's budget proposal contains an unpleasant surprise for agricultural interest groups and the leadership of the House and Senate agricultural committees. Many, including president of the American Farm Bureau Mr. Zippy Duvall, ...
  
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• WAM shouldn't require carpenter-contractors to have insurance - Kemmerer Gazette

  25-05-2017 17:12 via kemmerergazette.com
  
  WAM shouldn't require carpenter-contractors to have insurance
  Kemmerer Gazette
  The Wyoming Association of Municipalities has convinced some city councils in Wyoming that all carpenter contractors doing work in Wyoming Communities MUST have insurance and bonding in order to work. More government control! The requirement to ...
  
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• Tesla is pushing the insurance industry to prepare for massive disruption - Business Insider

  25-05-2017 17:07 via businessinsider.com
  
  Business Insider
  Tesla is pushing the insurance industry to prepare for massive disruption
  Business Insider
  Tesla is forcing insurance companies to seriously consider how policies will change as cars become safer due to advances in self-driving technology. The latest example is Farmers Insurance partnership with Tesloop, a small ride-sharing service that ...and more »
  
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• How Tesla, self-driving cars are changing insurance industry ... - Business Insider

  25-05-2017 17:07 via businessinsider.com
  
  Business Insider
  How Tesla, self-driving cars are changing insurance industry ...
  Business Insider
  Tesla is forcing insurance companies to seriously consider how policies will change as cars become safer due to advances in self-driving technology. The latest ...and more »
  
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• Blue Cross wants 23 percent rate increase for North Carolina Obamacare insurance plans - WTVD-TV

  25-05-2017 16:33 via abc11.com
  
  WTVD-TV
  Blue Cross wants 23 percent rate increase for North Carolina Obamacare insurance plans
  WTVD-TV
  Blue Cross of North Carolina has requested a 22.9 percent rate increase for the health insurance plans it offers under the Affordable Care Act - also known as Obamacare - in 2018. Blue Cross said it needs the increase to cover increasing doctor and ...and more »
  
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• California Auto Dealer Awarded $256M in Nissan Suit

  25-05-2017 16:26
  
  A jury has awarded nearly $256.5 million to a California auto dealership owner who claimed Nissan had a secret plan to put him out of business during the recession. The Orange County Superior Court panel ruled in favor of Michael …
  
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• Alaska Hosts Plate Tectonics Research Effort

  25-05-2017 16:22
  
  Alaska averages 40,000 earthquakes per year, with more large quakes than the other 49 states combined, and America’s shakiest state is about to have its ground examined like never before. A federal agency that supports basic science research is completing …
  
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• Private Investment Firm, J.C. Flowers, Acquires UK General

  25-05-2017 16:05
  
  J.C. Flowers & Co. LLC, a New York-headquartered private investment firm that focuses on investing in the global financial services industry, announced it has acquired UK General Insurance Group Ltd. Completed on May 24, after receiving UK regulatory approval, the …
  
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• My ex-husband asked our sons to pay off his life insurance policy — contrary to our divorce decree - MarketWatch

  25-05-2017 15:54 via marketwatch.com
  
  My ex-husband asked our sons to pay off his life insurance policy — contrary to our divorce decree
  MarketWatch
  My ex-husband had two life insurance policies that named me as the beneficiary when we divorced. I asked that this be retained during his lifetime and the beneficiaries would be our son and daughter. This also was written up in our divorce papers. He ...
  
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• Fire Guts New York Bar Favored by Author Jack Kerouac

  25-05-2017 15:21
  
  A famous New York bar once frequented by Beat Generation writer Jack Kerouac has been gutted by a fire. Officials in the village of Northport on Long Island tell Newsday that the fire started around 7 a.m. Tuesday inside Gunther’s …
  
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• FM Global Includes Top 3 Business Risks in Global Resilience Index

  25-05-2017 15:08
  
  FM Global has expanded its Global Resilience Index to include insights around three of the top risks facing businesses: cyber attack, natural hazards and supply chain failure. The interactive, online index ranks 130 countries and territories by their enterprise resilience …
  
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• Accountants get to escape sales tax on insurance products - Insurance Business America

  25-05-2017 15:03 via insurancebusinessmag.com
  
  Insurance Business America
  Accountants get to escape sales tax on insurance products
  Insurance Business America
  Accountants get to escape sales tax on insurance products In response to a lobby by certified public accountants (CPAs), Texas lawmakers have passed a bill exempting such professionals from sales tax for providing insurance services to their clients.
  
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• New York State Providing $10M for Lake Ontario Flooding Recovery

  25-05-2017 15:02
  
  The state is making $10 million in funding available to New York municipalities dealing with flooding along the Lake Ontario shoreline. Gov. Andrew Cuomo announced Monday that the funds will support flood recovery efforts such as repairing break walls, roads, …
  
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• Major Insurance Company Ditches Obamacare In Kansas City - The Daily Caller

  25-05-2017 14:53 via dailycaller.com
  
  Major Insurance Company Ditches Obamacare In Kansas City
  The Daily Caller
  Blue Cross Blue Shield of Kansas City announced Wednesday morning it will no longer offer or renew insurance plans on the city's Obamacare exchange next year in Kansas or Missouri. The fallout is likely to affect some 67,000 Blue Cross customers in 30 ...and more »
  
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• Maine’s Cross Insurance Promotes Jermyn to President of Benefits Division

  25-05-2017 14:52
  
  Cross Insurance, a Bangor, Maine-headquartered subsidiary of Cross Financial Corp., has promoted Eric Jermyn to president of Cross Employee Benefits. He will be based in Portland, Maine. In this new role, Jermyn’s duties include the growth and maintenance of Cross …
  
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• P/C Insurance Industry Again Reports Underwriting Loss in Q1 - Insurance Journal

  25-05-2017 14:47 via insurancejournal.com
  
  P/C Insurance Industry Again Reports Underwriting Loss in Q1
  Insurance Journal
  The U.S. property/casualty industry posted a first-quarter 2017 net underwriting loss of $841.5 million, according to preliminary financial results, continuing the industry's underwriting loss trend seen in 2016. The first-quarter loss was ...
  
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• P/C Insurance Industry Again Reports Underwriting Loss in Q1

  25-05-2017 14:47
  
  The U.S. property/casualty industry posted a first-quarter 2017 net underwriting loss of $841.5 million, according to preliminary financial results, continuing the industry’s underwriting loss trend seen in 2016. The first-quarter loss was significantly less than the $2.0 billion net underwriting …
  
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• Do you need travel insurance? Four questions to help you decide - CNBC

  25-05-2017 14:32 via cnbc.com
  
  CNBC
  Do you need travel insurance? Four questions to help you decide
  CNBC
  If you're spending big for a vacation this summer, it's worth weighing another purchase: travel insurance. Consumers are expected to shell out $98.02 billion on travel over the three months between Memorial Day and Labor Day, according to the ADI ...
  
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• Liberty Mutual Appoints Dekermanji Chief Underwriter for Specialty Energy

  25-05-2017 14:30
  
  Liberty Mutual has appointed Jessica Dekermanji as senior vice president and chief underwriting officer of the National Insurance Specialty Energy unit. Dekermanji will lead a team of underwriting, risk control and account services professionals focused on expanding products and integrating technology to …
  
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• Trump's Budget Forgets That Science Is Insurance for America - WIRED

  25-05-2017 13:05 via wired.com
  WIRED
  Trump's Budget Forgets That Science Is Insurance for America
  WIRED
  President Trump's proposed 2018 budget will never actually determine how the government spends your money: Potus proposes and Congress disposes. But that's no reason for relief. In fact, it makes this document even more of a nightmare. It doesn't ...
  Trump's budget cuts children's health insurance programCNN
  WH Budget Chief: 'I Hope' Fewer People Get Social Security Disability InsuranceTPM
  A New Foundation For American Gre
  
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• Ransomware’s good, bad and ugly impact on insurers

  25-05-2017 13:00
  
  The recent rise in ransomware attacks appears to be a mixed blessing for the insurance industry, according to Aon Benfield's recent 'Cyber Update.'
  
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• Swiss Re Corporate Solutions Names Rake as CEO Asia Pacific

  25-05-2017 12:49
  
  Swiss Re Corporate Solutions has appointed Jonathan Rake as CEO Asia Pacific, based in Singapore. Rake will move from his current position as head South East Asia and assumes the new role on July 1, 2017. He succeeds Fred Kleiterp, …
  
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• FM Global Promotes Kelly to VP Diversity & Int’l Human Resources

  25-05-2017 12:36
  
  Commercial property insurer FM Global announced the promotion of Angela Kelly to vice president, diversity and international human resources. Kelly, a 23-year veteran of the company, will have overall responsibility for leading the company’s worldwide efforts to support workplace diversity …
  
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• TMK Launches Visual Effects, Post Production Media Cover

  25-05-2017 12:01
  
  Tokio Marine Kiln (TMK), the London-based specialist insurance business, announces the launch of visual effects (VFX) and post production media insurance. TMK said its post-production media insurance offers flexible cover for companies specializing in online or offline editing and digital …
  
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• 'Risk management director' named as one of the best jobs in America

  25-05-2017 12:00
  
  When you consider if you have a 'good job,' what comes to mind?
  
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• Report: Drought Insurance 'An Experiment That Failed' in Malawi - Voice of America

  25-05-2017 11:50 via voanews.com
  
  Voice of America
  Report: Drought Insurance 'An Experiment That Failed' in Malawi
  Voice of America
  Taking out insurance to protect against climate risks is the "wrong model" for improving countries' ability to cope and may even be worsening inequality and vulnerability, a leading development charity said on Wednesday. A policy taken out by Malawi ...and more »
  
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• W.R. Berkley reaches $12M settlement with California Department of Insurance

  25-05-2017 11:30
  
  Allegations of unlawfully transacting surplus line insurance result in one of the largest penalties for licensing violations ever assessed in CDI’s history.
  
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• Acko is an ambitious digital play to disrupt India's $10B insurance ... - TechCrunch

  25-05-2017 07:32 via techcrunch.com
  
  TechCrunch
  Acko is an ambitious digital play to disrupt India's $10B insurance ...
  TechCrunch
  Acko is an under-the-radar startup that wants to disrupt India's insurance industry through a digital-only model. This week it stuck its head above the..and more »
  
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• Acko is an ambitious digital play to disrupt India's $10B insurance industry - TechCrunch

  25-05-2017 07:32 via techcrunch.com
  
  TechCrunch
  Acko is an ambitious digital play to disrupt India's $10B insurance industry
  TechCrunch
  Acko is an under-the-radar startup that wants to disrupt India's insurance industry through a digital-only model. This week the company stuck its head above the parapet and announced that it has raised $30 million to get started on its bold plan ...
  
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• Farmers Balk as Trump Budget Caps Crop Insurance Subsidies - Insurance Journal

  25-05-2017 07:05 via insurancejournal.com
  
  Insurance Journal
  Farmers Balk as Trump Budget Caps Crop Insurance Subsidies
  Insurance Journal
  U.S. farm groups on Tuesday pushed back against President Donald Trump's proposal to slash agriculture spending, viewing it as a fresh threat to a struggling farm economy. The White House on Monday proposed $46.54 billion in cuts to federal government ...
  USDA bracing for 'significant' cuts to rural, food stamps, crop insurance programsCNBC
  Crop Insurance Cut 36% in Trump BudgetAgriculture.com
  Wi
  
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• Republican Health Bill Would Cut Deficit by $119B, Add 23 Million Uninsured: CBO

  25-05-2017 07:00
  
  A bill passed by U.S. House Republicans would cause 23 million people to lose healthcare coverage by 2026 while de-stabilizing health insurance markets in some states and making it hard for sick people to buy insurance, a budget watchdog agency said on Wednesday. …
  
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