Insurance news

• Trumpcare Could Screw Millions With Employer Insurance - Mother Jones

  06-06-2017 23:32
  
  Trumpcare Could Screw Millions With Employer Insurance
  Mother Jones
  Here's something that's been brewing for a while, but is only now starting to get some attention. The Trumpcare bill that passed the House allows states to waive the ten essential benefits mandated by Obamacare. But this doesn't just affect individual ...
  
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• Some Caldwell Parish residents to see drop in fire insurance rates - Knoe.com

  06-06-2017 22:27
  
  Some Caldwell Parish residents to see drop in fire insurance rates
  Knoe.com
  Officials say Caldwell Parish homeowners in the Columbia Heights Fire District can expect significant rate reductions in their fire insurance premiums, effective ...and more »
  
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• 12 Plastic Surgery Procedures You Didn't Know Insurance Would Cover - Reader's Digest

  06-06-2017 20:48
  
  Reader's Digest
  12 Plastic Surgery Procedures You Didn't Know Insurance Would Cover
  Reader's Digest
  If you've been thinking about plastic surgery but are worried you can't afford it, you'll be happy to know that your health insurance may kick in some coverage for these 13 procedures. By Lauren Cahn · View as Slideshow ...
  
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• Fasten your seatbelt…as we travel into the safety zone of the ridesharing landscape

  06-06-2017 20:30
  
  The debate continues: Are drivers and passengers safer in rideshare vehicles or taxis?
  
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• Fasten your seatbelt … as we travel into the safety zone of the ridesharing landscape

  06-06-2017 20:30
  
  The debate continues: Are drivers and passengers safer in rideshare vehicles or taxis?
  
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• US P/C Insurance Industry Mostly Silent on Trump Exit from Paris Climate Accord - Insurance Journal

  06-06-2017 18:49
  
  Insurance Journal
  US P/C Insurance Industry Mostly Silent on Trump Exit from Paris Climate Accord
  Insurance Journal
  The U.S. property/casualty insurance industry, which has been facing rising claims bills for extreme weather events, mostly reacted with silence to President Donald Trump's decision to withdraw the country from the Paris climate change accord.
  Industry criticizes US withdrawal from Paris climate pactBusiness Insuranceall 1,062 news articles »
  
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• 10 Lawyers, 6 Others Charged in Alleged California Insurance Fraud Scheme

  06-06-2017 18:36
  
  Ten lawyers and six others were charged in a multi-million-dollar workers’ compensation fraud scheme that authorities say targeted Latinos in California. The charges were filed after a multi-year investigation into a scheme involving the illegal recruitment of more than 30,000 …
  
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• U.S. P/C Insurance Industry Mostly Silent on Trump Exit from Paris Climate Accord

  06-06-2017 18:30
  
  The U.S. property/casualty insurance industry, which has been facing rising claims bills for extreme weather events, mostly reacted with silence to President Donald Trump’s decision to withdraw the country from the Paris climate change accord. While corporate leaders from finance, …
  
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• Lack of Insurance Halts Gunfighters Show in Wyoming

  06-06-2017 18:30
  
  The Cody Gunfighters show in Wyoming will not resume anytime soon. And that’s because the organizers can’t get insurance. The Cody Enterprise reported the performers were unable to acquire liability insurance, which keeps the show on the shelf for the …
  
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• 1st Farmer Lawsuit Against Syngenta over China Trade Begins in Kansas

  06-06-2017 18:30
  
  The first of tens of thousands of U.S. lawsuits went to trial on Monday in Kansas against Swiss agribusiness giant Syngenta over its decision to introduce a genetically engineered corn seed variety to the U.S. market before China approved it …
  
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• Private Insurer Will No Longer Fund Fraud Prosecutions in Texas

  06-06-2017 18:22
  
  Note: This article originally ran in the Texas Tribune. Thanks to new money and oversight from the Texas Legislature, the state can now pursue workers’ compensation fraud cases without relying on an unusual and much-criticized funding deal between a private …
  
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• Tesla: Ignore AAA, Tesla Insurance Rates Will Eventually Decline - Seeking Alpha

  06-06-2017 18:10
  Business Insider
  Tesla: Ignore AAA, Tesla Insurance Rates Will Eventually Decline
  Seeking Alpha
  The rationale is that they get into accidents and cost more to repair than average. This is likely to be immaterial for Tesla and actually introduces an interesting topic. Tesla's semi-autonomous and autonomous driving features will reduce insurance ...
  Some Tesla owners may see their insurance cost surge 30%Business Insider
  Tesla Owners Should Pay More, Not Less, For Car Insurance, Says AAACleanTech
  
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• Environmental insurance: A tale of two markets?

  06-06-2017 17:21
  
  Environmental insurance is usually split into two types of programs: pollution coverage and environmental casualty.
  
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• CDI’s Finston Becomes Partner at Drinker Biddle & Reath in California

  06-06-2017 17:14
  
  John Finston, most recently chief deputy commissioner and general counsel for the California Department of Insurance, has joined Drinker Biddle & Reath LLP as a partner. Finston will work from the firm’s San Francisco office. He was named to the …
  
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• Energi’s Strange Heads to RIC as Business Development Manager in West

  06-06-2017 17:05
  
  RIC Insurance General Agency has named Mandi Strange a business development manager focused on the Western region. Strange will expand the company’s personal and commercial lines marketing efforts, working primarily with retail insurance agents in Washington, Oregon and Idaho. She …
  
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• Are Uber, Lyft Public Nuisances? San Francisco Wants to Know

  06-06-2017 16:58
  
  San Francisco has issued subpoenas to Uber Technologies Inc. and Lyft Inc. for a broad scope of records on driving and business practices as part of an investigation to determine whether the ridesharing companies have become a public nuisance. City …
  
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• Coming Soon: Talking Car That Tells If Driver Is About to Have Medical Emergency

  06-06-2017 16:50
  
  A driver experiencing an unexpected cardiac event on the road isn’t the only one at risk. Fellow passengers and motorists also face death or serious injury when another person has a medical emergency behind the wheel. That’s why representatives from …
  
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• Co-operators General Expands Quebec Agency Force by Acquiring Assurance Auclair

  06-06-2017 16:30
  
  The Co-operators General Insurance Co. in Montreal has purchased Assurance Auclair located in Quebec City. The brokerage’s portfolio includes personal and commercial insurance policies. “We have seen steady growth in Quebec during the past seven years, and this is another step on our …
  
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• Ed Taps Willis Re’s Wicks as Non-Marine Reinsurance Chair

  06-06-2017 16:11
  
  Global reinsurance and specialty insurance broker Ed has named Ian Wicks as chairman of non-marine reinsurance. Wicks brings 40 years of experience in the insurance industry to Ed. He joins from Willis Re, where he served as an executive director …
  
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• Canada’s Home Insurers Undergo Claims Stress Test: J.D. Power

  06-06-2017 16:05
  
  A record year for catastrophic disasters, from the Fort McMurray fire to floods in Quebec, have put Canadian home insurers to the test in 2017. According to the J.D. Power 2017 Canadian Home Insurance Study, a spike in major claims …
  
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• CNA Hardy to Establish Subsidiary in Luxembourg

  06-06-2017 15:48
  
  Specialty commercial insurer CNA Hardy said it plans to open a new European subsidiary in Luxembourg. The company said it is acting to provide “continuity to our employees, customers and brokers” in the current uncertain post-Brexit political environment. The process is …
  
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• Here's how self-driving cars are already impacting cities and towns

  06-06-2017 15:45
  
  Regardless of whether the widespread deployment of self-driving automobiles occurs next year or in 10 years, cities and towns need to be prepared.
  
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• Hamilton Re Raises $65M to Fund Special Purpose Vehicle Turing Re

  06-06-2017 15:30
  
  Hamilton Re, the Bermuda-based operations of Hamilton Insurance Group, has established its first special purpose vehicle, Turing Re Ltd., which will provide collateralized capacity for Hamilton Re’s global reinsurance portfolio. Hamilton Re said Turing Re has been funded with $65 million of capital, …
  
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• New York Says Exxon’s Climate Change Proxy Costs May Be a `Sham’

  06-06-2017 15:27
  
  New York’s top cop told a judge that an investigation into Exxon Mobil Corp.’s public statements about climate change uncovered “significant evidence” the oil giant may have misled investors. In a court filing Friday, New York Attorney General Eric Schneiderman provided detailed …
  
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• Maine’s Cross Insurance Acquires Appleby & Wyman Insurance Agency

  06-06-2017 12:59
  
  Cross Insurance, a Bangor, Maine-based subsidiary of Cross Financial Corp., has acquired Appleby & Wyman Insurance Agency, making it the 16th Massachusetts insurance agency to be purchased by Cross. Founded in 1903, Appleby & Wyman was established to serve the …
  
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• Former Massachusetts Power Plant Manager Sentenced for Emissions Fraud

  06-06-2017 12:58
  
  A former manager of a western Massachusetts power plant has been sentenced to probation after pleading guilty to tampering with emissions equipment and submitting bogus reports to regulators in violation of the federal Clean Air Act. Fred Baker, of Southampton …
  
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• Former Massachusetts Power Plant Manager Sentenced for Emissions Fraud

  06-06-2017 12:58
  
  A former manager of a western Massachusetts power plant has been sentenced to probation after pleading guilty to tampering with emissions equipment and submitting bogus reports to regulators in violation of the federal Clean Air Act. Fred Baker, of Southampton …
  
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• Automakers Seek Changes to Federal Autonomous Vehicle Guidelines

  06-06-2017 12:44
  
  President Donald Trump’s administration will unveil revised self-driving guidelines within the next few months, the head of the U.S. Transportation Department said on Monday, responding to automakers’ calls for regulations that will eliminate barriers and allow autonomous vehicles on the …
  
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• Delaware Woman to Pay $241K in Crash that Destroyed Restaurant

  06-06-2017 12:03
  
  A woman who was driving a car that crashed into a popular Dewey Beach restaurant, igniting a fire that burned the eatery down, has been ordered to pay $241,000 and serve two years of probation. Media outlets report that 37-year-old …
  
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• Uncovered: Setting policy limits for insureds

  06-06-2017 11:30
  
  Insufficient policy limits are leaving insureds with dangerous exposures.
  
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• Insurance lead generation trends, strategies and tips for success

  06-06-2017 11:30
  
  It’s been estimated that more than 85% of insurance buyers start their research and shopping online. So, love them or hate them, insurance leads are here to stay.
  
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• Obamacare Didn't Destroy Insurance Markets, but It Also Didn't Fix Them - New York Times

  06-06-2017 11:00
  NewYorkUpstate.com
  Obamacare Didn't Destroy Insurance Markets, but It Also Didn't Fix Them
  New York Times
  Most Americans get health insurance from a job or government program, but about 8 percent, or some 22 million people, now buy individual policies under the Affordable Care Act. Insurers began offering these plans in 2014.
  State Flexibility to Address Health Insurance Challenges under the American Health Care Act, HR 1628Kaiser Family Foundation
  Cuomo to ban companies from Medicaid if they l
  
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• USGS Reports Small Earthquake Near Alabama-Georgia Line

  06-06-2017 07:49
  
  A small earthquake has struck northeastern Alabama near the Georgia line. The U.S. Geological Survey reports that a magnitude 2.6 earthquake occurred Friday morning. The quake was centered in a rural area about 7 miles east of Fort Payne, but …
  
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• Heritage Insurance Secures $1.7B in Florida Reinsurance Cover for 2017-2018

  06-06-2017 07:44
  
  Heritage Insurance Holdings, Inc., a property and casualty insurance holding company, announced that its insurance subsidiaries, Heritage Property & Casualty Insurance Co. and Zephyr Insurance Co., have completed the placement of their 2017-2018 reinsurance programs. The programs are incorporated into …
  
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• Supreme Court Affirms Religious Exemption from ERISA Pension Law

  06-06-2017 07:00
  
  The U.S. Supreme Court on Monday ruled that church-affiliated hospital systems do not have to comply with a federal law governing employee pensions, overturning lower court decisions that could have cost the hospitals billions of dollars. The court ruled 8-0 …
  
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• Georgia Lawmaker Panel to Study Distracted Driving

  06-06-2017 06:31
  
  A panel of Georgia lawmakers plans to study the effect of drivers who are distracted by cell phones and other technology. House Speaker David Ralston appointed 7 Republicans and 3 Democrats to a study committee on the issue last week. …
  
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• MiniCo Launches Miscellaneous Professional Liability Program

  06-06-2017 06:23
  
  MiniCo Insurance Agency has launched a miscellaneous professional liability insurance program to provide errors and omissions (E&O) coverage for a range of professional service providers. Rick Paladino will manage the program as the senior vice president and department head of …
  
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• Nearly 20K Citizens Policies Approved for August Takeouts by Florida Regulators

  06-06-2017 06:06
  
  The Florida Office of Insurance Regulation has approved the following companies to participate in the August Citizens Property Insurance Corporation take-out period. For the Aug. 22, 2017 Personal Residential Take-Out Period: National Specialty Insurance Company – approved to remove up to …
  
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• Supreme Court Hands Wall Street Victory in Curbing SEC Disgorgement Remedy

  06-06-2017 03:44
  
  The U.S. Supreme Court on Monday scaled back the Securities and Exchange Commission’s power to recover ill-gotten profits from defendants’ misconduct, handing Wall Street firms a victory and dealing another blow to the regulator’s enforcement powers. In a 9-0 ruling, the Supreme Court found …
  
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• Missouri Floods Bring Federal Disaster Declaration

  06-06-2017 02:48
  
  President Donald Trump has declared an emergency exists in Missouri because of spring flooding. Trump signed the declaration on June 2. It allows federal aid to be used to help state and local response efforts to flooding and allows eligible …
  
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• Louisiana Adds Hurdles to Prevent ‘Doctor Shopping’ for Opioid Drugs

  06-06-2017 02:46
  
  Hoping to stop people from “doctor shopping” for highly addictive painkillers, Louisiana lawmakers have ordered physicians to consult a statewide prescription monitoring program before prescribing opioid drugs. The Senate has unanimously approved minor changes the House had made to Sen. Fred …
  
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• Detroit Fire Code Bans Grilling Under Covered Porch

  06-06-2017 02:43
  
  City officials are cooling the coals on front porch grilling in Detroit. The Detroit News reports that the City Council has updated its outdoor fire code to ban outdoor cooking under a roof or an enclosed area. The ordinance was …
  
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• Towerstone Names Schneller EVP, Hires Keller as VP in Dallas

  06-06-2017 02:38
  
  Dallas-based wholesale insurance broker Towerstone Inc. has promoted George Schneller to executive vice president, a newly created position, and hired Joy Keller as vice president and director of small commercial. Schneller joined Towerstone in 2007 and advanced quickly in the …
  
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• Truckers Forced To Choose Between Affordable Insurance And Their Privacy - The Daily Caller

  06-06-2017 00:55
  
  Truckers Forced To Choose Between Affordable Insurance And Their Privacy
  The Daily Caller
  Insurance companies are increasingly forcing American truckers to choose between their privacy or access to affordable insurance. Faced with mounting losses on commercial auto insurance policies, insurers are resorting to invasive monitoring technology ...
  
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