Insurance news

• Insurance changes impact area residents - Sedalia Democrat

  26-05-2017 23:44 via sedaliademocrat.com
  
  CNBC
  Insurance changes impact area residents
  Sedalia Democrat
  On May 4, the U.S. House of Representatives voted 217 to 213 to repeal the Affordable Care Act of 2010, more commonly referred to as “ObamaCare.” The newly proposed American Health Care Act has now moved to the Senate for discussion before a final ...
  GOP health-care bill could cost some women $1000 more per month for 'maternity' insurance coverageCNBC
  House Health Bill Tosses 23M Off Insurance, CBO SaysForbes
  CBO re
  
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• Editorial: Lawmakers ignore insurance mess - Tampabay.com

  26-05-2017 23:43 via tampabay.com
  
  Tampabay.com
  Editorial: Lawmakers ignore insurance mess
  Tampabay.com
  Assignment of benefits, which can lead to costly court battles, is driving up rates for thousands of homeowners across Florida, and drivers are starting to feel the pinch too. Florida's badly broken system for filing and settling insurance claims ...
  
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• Blumenthal, Murphy Say 133k In Connecticut Would Lose Insurance ... - Hartford Courant

  26-05-2017 23:38 via courant.com
  
  Blumenthal, Murphy Say 133k In Connecticut Would Lose Insurance ...
  Hartford Courant
  Connecticut's two U.S. senators blasted the Republican healthcare bill Friday, saying that the measure would eventually cause 23 million Americans to lose ...and more »
  
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• Rwandan man in federal prison gets probation for insurance fraud - The Gazette: Eastern Iowa Breaking News and Headlines

  26-05-2017 22:45 via thegazette.com
  
  The Gazette: Eastern Iowa Breaking News and Headlines
  Rwandan man in federal prison gets probation for insurance fraud
  The Gazette: Eastern Iowa Breaking News and Headlines
  CEDAR RAPIDS — A Rwandan man, who is serving 15 years in federal prison on immigration fraud charges, was convicted of insurance fraud Thursday in Linn County District Court. Gervais “Ken” Ngombwa, 56, of Cedar Rapids, made an Alford plea to ...
  
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• Council proposes payroll tax increase to fund health insurance - Ledger Independent

  26-05-2017 22:33 via maysville-online.com
  
  Ledger Independent
  Council proposes payroll tax increase to fund health insurance
  Ledger Independent
  VANCEBURG -- The possibility of raising the payroll tax will be the subject of a special city council meeting. The current payroll tax is one percent, which brings in about $240,000 each year. By doubling that, the city would have an additional $240 ...
  
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• FDNY EMTs, NYPD traffic agent busted for insurance fraud - New York Daily News

  26-05-2017 22:32 via nydailynews.com
  
  New York Daily News
  FDNY EMTs, NYPD traffic agent busted for insurance fraud
  New York Daily News
  Four city employees who authorities say stole thousands in an insurance scam were indicted Friday on fraud and grand larceny charges. Three of the accused work for the FDNY and one is employed by the NYPD, authorities said. FDNY EMTs Kathyleen ...
  
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• Walker Administration Continues Pushing Self-Insurance For State Employees - Wisconsin Public Radio News

  26-05-2017 22:20 via wpr.org
  
  Wisconsin Public Radio News
  Walker Administration Continues Pushing Self-Insurance For State Employees
  Wisconsin Public Radio News
  The Walker administration continued its push Friday for moving state employees to self-insurance, despite Republican lawmakers saying they plan to reject the change. Administration officials say health care premiums under the current system are now ...
  
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• Do we want healthcare or health insurance? - The Hill (blog)

  26-05-2017 22:00 via thehill.com
  
  The Hill (blog)
  Do we want healthcare or health insurance?
  The Hill (blog)
  The nonpartisan analysts at the Congressional Budget Office have concluded that the House "repeal and replace" bill would strip healthcare coverage from 23 million Americans in 2026. That legislation is bizarre as a work of health policy. Instead, it ...
  Insurance changes impact area residentsSedalia Democrat
  GOP health-care bill could cost some women $1000 more per month for 'maternity' insurance coverageCNBC
  House Heal
  
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• Lembo seeks to renew Connecticut debate over health insurance ... - New Haven Register

  26-05-2017 21:42 via nhregister.com
  
  New Haven Register
  Lembo seeks to renew Connecticut debate over health insurance ...
  New Haven Register
  HARTFORD >> With 800000 Connecticut residents at risk of losing their health insurance if the American Health Car.and more »
  
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• Walker: Wisconsin should avoid 10% hike on state worker insurance - Milwaukee Journal Sentinel

  26-05-2017 21:38 via jsonline.com
  
  Baraboo News Republic
  Walker: Wisconsin should avoid 10% hike on state worker insurance
  Milwaukee Journal Sentinel
  MADISON - Gov. Scott Walker's administration warned Friday that rejecting his insurance overhaul for state employees could lead to a 10% increase in workers' premiums. In calculations released Friday, administration officials said they might have to ...
  Scott Walker administration: 10 percent jump in premiums without self-insuranceBaraboo News Republic
  Walker Administration Renews
  
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• Individual Insurance Buyers Were Better Off Without Obamacare - The Beacon

  26-05-2017 21:00 via independent.org
  The Beacon
  Individual Insurance Buyers Were Better Off Without Obamacare
  The Beacon
  Obamacare's destruction of the individual health insurance market has done enormous damage to the lives and finances of millions of people who purchase their own insurance. In states like Kansas and Colorado, families are grappling with health ...
  
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• Texas Bill Affirming Workers’ Comp Division Fraud Unit Advances

  26-05-2017 18:45
  
  The Texas Senate has passed legislation that affirms the authority of Texas Division of Workers’ Compensation fraud unit to conduct criminal investigations. The Senate passed HB 2053 on May 24; it was previously approved in the House. According to the legislative …
  
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• Storms Bring Tornadoes, Flash Floods, Evacuations in Midwest

  26-05-2017 18:38
  
  Heavy rainfall that sparked flash flooding in Fort Wayne, Ind., forced motorists to flee submerged cars and prompted the evacuation of about 20 homes in the northeastern Indiana city. And in Ohio, authorities say tornadoes that touched down in three …
  
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• Draft legislation to overhaul National Flood Insurance Program released

  26-05-2017 18:36
  
  Democrats and Republicans have found common ground on plans to give private insurers greater access to the $5 billion flood insurance program.
  
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• A.M. Best Assigns Ratings to Wisconsin’s Integrity Select Insurance

  26-05-2017 18:35
  
  A.M. Best has assigned a financial strength rating of A (Excellent) and a long-term issuer credit rating of “a+” to Integrity Select Insurance Co. (Integrity Select) in Appleton, Wis. The outlook assigned to these credit ratings is stable. Integrity Select is a …
  
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• Report: St. Louis Tank in Deadly Explosion Needed Emergency Repairs

  26-05-2017 18:30
  
  A giant steam-filled tank weighing nearly 2,000 pounds (900 kilograms) that exploded at a St. Louis box plant, flew a quarter-mile into the air and smashed into a neighboring building, was being used despite needing emergency repairs, federal investigators said …
  
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• OSHA, Mid Continent Recommit to Oklahoma Oil and Gas Worker Safety Alliance

  26-05-2017 18:26
  
  U.S. Department of Labor’s Occupational Safety and Health Administration and Mid Continent Exploration and Production Safety Network have renewed an alliance to promote safety at oil and gas operations in Oklahoma. OSHA reported that the alliance is committed to providing information …
  
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• Tribune: Governor Appears Undecided on Signing Texas Texting-While-Driving Ban

  26-05-2017 18:21
  
  Note: This article originally appeared in the Texas Tribune. Gov. Greg Abbott appears to be undecided on whether he will sign a proposed statewide ban on texting while driving that is now on his desk. Abbott’s predecessor, Rick Perry, vetoed …
  
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• A.M. Best Lifts AIG’s Ratings ‘Under Review’ Status Following Duperreault’s Arrival

  26-05-2017 18:14
  
  A.M. Best this week released American International Group from “under review” special scrutiny following the insurer’s bringing on industry veteran Brian Duperreault as president and chief executive officer and after reviewing recent financial data and meeting with AIG management. “AIG maintains …
  
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• People on the move in the P&C insurance industry: May 26, 2017

  26-05-2017 18:10
  
  News from NJM Insurance Group, JLT Specialty USA, EMPLOYERS and more.
  
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• Insurance startup Quilt adds life insurance to its portfolio of products - TechCrunch

  26-05-2017 18:07 via techcrunch.com
  
  Insurance startup Quilt adds life insurance to its portfolio of products
  TechCrunch
  The startup insurance application processor Quilt has added a life insurance product to its portfolio and has begun pitching its digital enrollment in 37 states across the country. In partnership with Generation Life (a 50-year-old insurance company ...
  
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• Walker Administration Renews Self-Insurance Push - U.S. News & World Report

  26-05-2017 17:50 via usnews.com
  Baraboo News Republic
  Walker Administration Renews Self-Insurance Push
  U.S. News & World Report
  Wisconsin Gov. Scott Walker's administration is still trying to coax Republican legislators to have the state pay directly for its workers' health insurance instead of getting it through HMOs. | May 26, 2017, at 4:07 p.m.. MORE. LinkedIn · StumbleUpon ...
  Walker: Wisconsin should avoid 10% hike on state worker insuranceMilwaukee Journal Sentinel
  Scott Walker administration: 10 percent jump
  
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• AmWINS and Networked Deal Plays to Strengths of Both Firms, Execs Say

  26-05-2017 17:42
  
  The acquisition by AmWINS Group Inc. at the end of last month of Networked Insurance Agents will achieve a number of objectives for both the Charlotte, N.C.-based global distributor of specialty insurance products and services and the California-based aggregator. Namely, …
  
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• Pacific Hurricane Season Depends on El Niño: NOAA

  26-05-2017 17:37
  
  Forecasters say the central Pacific region around Hawaii can expect a normal or slightly above-average hurricane season, depending largely on the presence of El Niño conditions. Chris Brenchley, director of the National Oceanic and Atmospheric Administration’s Central Pacific Hurricane Center, …
  
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• Southern California Neighborhood Flooded Due to Seawall Damage

  26-05-2017 17:33
  
  A Southern California coastal community was flooded with two feet of ocean water after a seawall was damaged by a construction crew. The Orange County Register reported workers were doing demolition work in Newport Beach and accidentally damaged the wall …
  
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• Small Undersea Quake Jostles California Coast West of Malibu

  26-05-2017 17:25
  
  A minor undersea earthquake has jiggled a small stretch of the Southern California coast in Los Angeles and Ventura counties, the U.S. Geological Survey confirmed. The USGS says the magnitude-3.3 temblor occurred just before 7:20 a.m. Thursday. The epicenter was …
  
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• Rising Seas May Wipe Out Jersey Towns and Millions in AAA Bonds

  26-05-2017 16:56
  
  Few parts of the U.S. are as exposed to the threats from climate change as Ocean County, New Jersey. It was here in Seaside Heights that Hurricane Sandy flooded an oceanfront amusement park, leaving an inundated roller coaster as an …
  
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• Devon driver caught with no insurance and nearly four times the limit - Devon Live

  26-05-2017 16:56 via devonlive.com
  Devon Live
  Devon driver caught with no insurance and nearly four times the limit
  Devon Live
  A Devon driver has pleaded guilty to driving with no insurance and while nearly four times the drink drive limit. Edward John Gordon Willey, 44, is in temporary assisted accommodation near Lynton, and appeared at North Devon Magistrates Court on Friday ...
  
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• Big Top closure could open insurance doors - Insurance Business America

  26-05-2017 16:47 via insurancebusinessmag.com
  
  Insurance Business America
  Big Top closure could open insurance doors
  Insurance Business America
  Big Top closure could open insurance doors Probably the largest circus in the United States has closed its doors and folded up its tent for the last time – but a circus insurer says this isn't the beginning of the end for the Big Top. The Ringling ...and more »
  
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• Cyber-insurance market bound to explode - Deutsche Welle

  26-05-2017 16:46 via dw.com
  
  Deutsche Welle
  Cyber-insurance market bound to explode
  Deutsche Welle
  The insurance market minimizing customers' losses in the event of a cyberattack is still tiny despite an increasing number of threats. But experts believe the situation is going to change drastically fairly soon. Laptop (AFP/Getty Images). The European ...and more »
  
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• Insurance company acquires $33 million premium business – for $0 - Insurance Business America

  26-05-2017 16:44 via insurancebusinessmag.com
  
  Insurance Business America
  Insurance company acquires $33 million premium business – for $0
  Insurance Business America
  Insurance company acquires $33 million premium business – for $0 Donegal Mutual Insurance announced Thursday that it has completed the acquisition of Mountain States Mutual Casualty. Lancaster Online reported that the firm did not field a single cent ...and more »
  
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• UK’s Legal & General Chooses Dublin as Post-Brexit Base for Some Operations

  26-05-2017 16:32
  
  British insurer Legal & General said it will move some of its investment management operations to Ireland to ensure it can continue to serve its customers after Brexit. In a win for Dublin’s campaign to attract financial services firms in …
  
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• The Hartford Names Firstenberg P/C Insurance Chief Underwriting Officer

  26-05-2017 16:27
  
  The Hartford has named David Firstenberg as chief underwriting officer for the company’s property/ casualty insurance businesses, replacing Mo Tooker, who was recently named head of The Hartford’s Middle Market segment. Firstenberg will oversee the common underwriting framework across The Hartford’s Small Commercial, Middle Market, Specialty Commercial and Personal Lines segments, …
  
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• Cyber Insurance Market Growing Slower Than Expected: Allianz

  26-05-2017 16:07
  
  The tiny market for cyber insurance has been slower to develop than generally anticipated, a member of Allianz’s board said in an interview. The European market for cyber insurance currently has a premium volume of around 200 million euros ($224 million), Axel Theis, Allianz …
  
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• Cyber Insurance Market Growing Slower Than Expected: Allianz

  26-05-2017 16:07
  
  The tiny market for cyber insurance has been slower to develop than generally anticipated, a member of Allianz’s board said in an interview. The European market for cyber insurance currently has a premium volume of around 200 million euros ($224 …
  
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• NOAA Updates Forecast for Atlantic Hurricane Season, Pacific’s El NIno

  26-05-2017 15:35
  
  The Atlantic hurricane season will likely churn out an above-average 11 to 17 named storms, in part due to fading odds than an El Nino will form in the Pacific. Of storms that emerge during the six-month season that begins …
  
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• Vermont Governor Vetoes Marijuana Bill, Wants Changes Made

  26-05-2017 15:29
  
  Vermont Republican Gov. Phil Scott on Wednesday vetoed a bill that would have made Vermont the ninth state to legalize recreational marijuana but indicated that he was willing to work with the Legislature on a compromise. Scott said he was …
  
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• P&C Industry logs first Q1 underwriting loss in last 5 years

  26-05-2017 15:28
  
  Increasing incurred losses continue to hinder underwriting results, according to A.M. Best research.
  
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• Connecticut’s Smith Brothers Hires Peruccio from Cigna Healthcare

  26-05-2017 15:20
  
  Smith Brothers, a Glastonbury, Conn.-based insurance broker, has added Chelsea Peruccio as an employee benefits advisor. Her responsibilities include new business development, account management and creating employee benefit strategies to help clients achieve positive results. She has experience working with clients in …
  
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• Executive Changes Announced at Massachusetts’ Hospitality Insurance Group

  26-05-2017 15:06
  
  After 32 years as a member of Hospitality Insurance Group’s Board of Directors, E. Thomas McCabe Jr. of Westborough, Mass., will be stepping down as chairman. Before joining Hospitality Insurance Group, McCabe was a past president of Massachusetts Restaurant Association …
  
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• Massachusetts’ The Hanover Insurance Group Hires Salvatore

  26-05-2017 14:47
  
  The Hanover Insurance Group Inc., a Worcester, Mass.-based holding company for several property and casualty insurance companies, has appointed Bryan J. Salvatore as executive vice president and president of specialty, effective June 12. In this role, Salvatore will lead the …
  
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• Hanover Insurance Names Zurich's Salvatore as President of Specialty - Insurance Journal

  26-05-2017 14:47 via insurancejournal.com
  
  Insurance Journal
  Hanover Insurance Names Zurich's Salvatore as President of Specialty
  Insurance Journal
  The Hanover Insurance Group Inc., a Worcester, Mass.-based holding company for several property and casualty insurance companies, has appointed Bryan J.
  Former Zurich exec Salvatore lands at Hanover InsuranceBusiness Insuranceall 8 news articles »
  
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• Hanover Insurance Names Zurich’s Salvatore as President of Specialty

  26-05-2017 14:47
  
  The Hanover Insurance Group Inc., a Worcester, Mass.-based holding company for several property and casualty insurance companies, has appointed Bryan J. Salvatore as executive vice president and president of specialty, effective June 12. In this role, Salvatore will lead the …
  
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• Cyber insurance market slow to develop: Allianz executive - Reuters

  26-05-2017 14:46 via reuters.com
  Reuters
  Cyber insurance market slow to develop: Allianz executive
  Reuters
  A projection of cyber code on a hooded man is pictured in this illustration picture taken on May 13, 2017. REUTERS/Kacper Pempel/Illustration. FRANKFURT The tiny market for cyber insurance has been slower to develop than generally anticipated, ...and more »
  
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• States Move to Ban Asking Job Applicants About Past Salary

  26-05-2017 14:01
  
  An awkward job interview question — how much did you make at your last job? — is getting banned in some parts of the country. Massachusetts, New York City and Philadelphia have passed laws that bar employers from asking applicants …
  
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• Steak n Shake parent snaps up specialty insurance co for nearly ... - Insurance Business America

  26-05-2017 13:47 via insurancebusinessmag.com
  
  Insurance Business America
  Steak n Shake parent snaps up specialty insurance co for nearly ...
  Insurance Business America
  Steak n Shake parent snaps up specialty insurance co for nearly $300 million Biglari Holdings, the parent firm of the Steak n Shake restaurant chain and Maxim ...and more »
  
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• Steak n Shake parent snaps up specialty insurance co for nearly $300 million - Insurance Business America

  26-05-2017 13:47 via insurancebusinessmag.com
  
  Insurance Business America
  Steak n Shake parent snaps up specialty insurance co for nearly $300 million
  Insurance Business America
  Steak n Shake parent snaps up specialty insurance co for nearly $300 million Biglari Holdings, the parent firm of the Steak n Shake restaurant chain and Maxim magazine has announced its further foray into insurance with the $300 million acquisition of ...
  Biglari Holdings Makes Significant Insurance Company AcquisitionSeeking Alphaall 6 news articles &raqu
  
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• A.M. Best Affirms Ratings of PartnerRe & Subsidiaries

  26-05-2017 13:47
  
  A.M. Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” of Bermuda-based Partner Reinsurance Co. Ltd. and its affiliates (collectively referred to as PartnerRe). A.M. Best has also affirmed the …
  
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• 3 ways to turbocharge the sale of your insurance business

  26-05-2017 13:30
  
  The market for independent agencies is hot, and buyers will continue to seek profitable insurance agencies as we move through 2017.
  
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• AGCS Promotes Hansen as Head of Aviation, Succeeding Haagen

  26-05-2017 13:21
  
  Allianz Global Corporate & Specialty (AGCS) announced that Mike Hansen has been named global head of Aviation. He takes over this responsibility from Henning Haagen who was appointed Northeast Zone Executive for North America earlier this year and has been …
  
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