Insurance news

• Climate Change Advocates Galvanized by Trump Decision

  08-06-2017 23:48
  
  You’d think climate change activists now living under a new reality created by a U.S. president making good on his promise to withdraw the nation from the global Paris accord on global warming would feel at least a bit vexed …
  
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• GOP senators urge change to short-term insurance - Washington Examiner

  08-06-2017 23:03 via washingtonexaminer.com
  
  Washington Examiner
  GOP senators urge change to short-term insurance
  Washington Examiner
  Republican senators on Thursday urged Health and Human Services Secretary Tom Price to reverse an Obama-era regulation that places restrictions on short-term health insurance plans. The plans do not contain the same comprehensive list of benefits ...
  GOP senators push to allow sale of short-term insurance plansThe Hill
  Two health insurance companies pull out of Washington individual marketThe Spokesman
  
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• How much life insurance do you need (if any)? - CNNMoney

  08-06-2017 21:43 via money.cnn.com
  
  CNNMoney
  How much life insurance do you need (if any)?
  CNNMoney
  Of course, there are certain circumstances in which a single person with no one financially dependent upon them would need life insurance. But, generally, financial advisers say young, single, childless folks can focus on paying down debts and building ...and more »
  
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• RI health insurance commissioner resigns - The Providence Journal

  08-06-2017 21:32 via providencejournal.com
  
  RI health insurance commissioner resigns
  The Providence Journal
  PROVIDENCE, R.I. — The resignation of Rhode Island's health insurance commissioner Kathleen Hittner has opened the door for the anticipated appointment of Senate Policy Director Marie Ganim to the role, at a time when the state's health insurers are ...and more »
  
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• Facilitating Access to Mental Health Services: A Look at Medicaid, Private Insurance, and the Uninsured - Kaiser Family Foundation

  08-06-2017 21:23 via kff.org
  
  Facilitating Access to Mental Health Services: A Look at Medicaid, Private Insurance, and the Uninsured
  Kaiser Family Foundation
  In 2015, over 43 million adults had a mental illness and nearly 10 million had a serious mental illness, such as depression, bipolar disorder, or schizophrenia. People with mental health conditions often have chronic medical conditions, significant ...and more »
  
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• Berkshire units settle California 'bait and switch' insurance probe - Reuters

  08-06-2017 21:15 via reuters.com
  
  Business Insurance
  Berkshire units settle California 'bait and switch' insurance probe
  Reuters
  June 8 Two insurance units of Warren Buffett's Berkshire Hathaway Inc have agreed to lower their rates and provide more disclosures to settle claims that they overcharged small business owners in California for workers' compensation coverage.
  Berkshire Settles California's 'Bait-and-Switch' Insurance CaseBloomberg
  Berkshire Hathaway units settle comp dispute with CaliforniaBusiness Insurance
  Berkshire
  
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• 7 Questions You Need to Ask When Buying Homeowners Insurance - Architectural Digest

  08-06-2017 20:44 via architecturaldigest.com
  
  Architectural Digest
  7 Questions You Need to Ask When Buying Homeowners Insurance
  Architectural Digest
  There are a lot of questions to consider with homeowners insurance, so we've broken it down for consumers. Photo: Getty Images. One of the scariest things about buying a home—besides the fact that it's probably the most money you've spent in your life ...and more »
  
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• That contract does not control your insurance - WorkBoat (blog)

  08-06-2017 20:28 via workboat.com
  
  That contract does not control your insurance
  WorkBoat (blog)
  Clients often ask me to review insurance clauses in contracts that they are asked to sign. Unfortunately, often the contracts have already been signed before I can review them. It should be the other way around. Contracts are often prepared by legal ...
  
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• Health insurance coverage from as little as $80 a month overseas - CNBC

  08-06-2017 20:02 via cnbc.com
  
  CNBC
  Health insurance coverage from as little as $80 a month overseas
  CNBC
  Healthcare costs in the U.S. continue to rise. According to PwC's Health Research Institute, medical costs look set to grow by 6.5% this year alone. Out-of-pocket medical expenses are one of the main reasons U.S. citizens go into debt, according to the ...
  
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• Buying Life Insurance Is More than a Rule of Thumb Exercise - FEDweek

  08-06-2017 19:59 via fedweek.com
  
  Buying Life Insurance Is More than a Rule of Thumb Exercise
  FEDweek
  How much life insurance coverage do you need? Rather than follow a pre-set formula or one of the various “rules of thumb,” you should evaluate your personal situation carefully and purchase adequate insurance while not buying unnecessary coverage.and more »
  
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• Berkshire settles California's `bait-and-switch' workers' comp insurance case

  08-06-2017 19:45
  
  Applied Underwriters, a workers’ compensation insurer subsidiary of Berkshire Hathaway Inc., agreed to provide additional disclosure to customers about a product in California after a state review of potential abuses.
  
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• Storm and fires threaten outlook for South African insurers

  08-06-2017 19:05
  
  South Africa’s property and casualty insurers face an even tougher year than expected after Cape Town experienced its worst storm in 30 years and dozens of fires have engulfed the region.
  
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• Autonomous Cargo Ships Expected to Revolutionize (Disrupt) Shipping

  08-06-2017 18:34
  
  BHP Billiton Ltd., the world’s biggest mining company, is studying the introduction of giant, automated cargo ships to carry everything from iron ore to coal as part of a strategic shift that may disrupt the $334 billion global shipping industry. …
  
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• ALI's Reporter Plans 'Listening Tour' Ahead Of Next Liability Insurance Restatement - Forbes

  08-06-2017 18:24 via forbes.com
  
  ALI's Reporter Plans 'Listening Tour' Ahead Of Next Liability Insurance Restatement
  Forbes
  Tom Baker, the Reporter for the American Law Institute's (ALI) Restatement of law covering liability insurance, will go on a “listening tour” in light of the postponement of the final vote on the draft Restatement at ALI's annual meeting held May 22-24 ...
  
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• Topa Names Chang Assistant Vice President in California

  08-06-2017 18:11
  
  Topa Insurance Co. has named Olive Chang assistant vice president of reinsurance and programs. Chang will be located in the Calabasas, Calif. office. She will manage reinsurance and programs operation, quality control of treaty and facultative reinsurance placement strategy, process …
  
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• Worldwide Facilities Opens New Office in Utah, Domire to Lead

  08-06-2017 17:59
  
  Worldwide Facilities has opened a new location in Utah and has named Kyle Domire to lead the office. Domire has experience in construction, excess transportation, manufacturing and energy. He most recently was with Burns & Wilcox and as a senior …
  
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• Stone Creek in California Names Van Horn Marketing Manager

  08-06-2017 17:54
  
  Lafayette, Calif.-based Stone Creek Insurance Agency has named Kimberly Van Horn as marketing manager. Van Horn has nine years of experience in commercial insurance. Van Horn’s past positions include marketing manager at Pacific Diversified Insurance Services Inc. and New Business …
  
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• GOP Leaders on Flood Insurance Bill See Bipartisan Measure - Roll Call

  08-06-2017 17:36 via rollcall.com
  
  Roll Call
  GOP Leaders on Flood Insurance Bill See Bipartisan Measure
  Roll Call
  Wisconsin Rep. Sean P. Duffy hopes to get bipartisan support for a reauthorization of the flood insurance program. (Tom Williams/CQ Roll Call File Photo).
  Hensarling Hoping for Committee Flood Insurance Vote Soon ...Morning Consult
  Bank hit with seven figure fine for NFIP violations | Insurance BusinessInsurance Business Americaall 5 news articles »
  
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• Settlement Deal Between California Commissioner and Applied Underwriters

  08-06-2017 17:33
  
  California Insurance Commissioner Dave Jones announced today that the California Department of Insurance has reached a settlement agreement with Berkshire Hathaway subsidiaries to stop what he calls “bait and switch marketing tactics” used to sell a workers’ compensation insurance products. …
  
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• InterWest in California Names Hoffman Marketing and Promotions Agent

  08-06-2017 17:25
  
  Sacramento, Calif.-based InterWest Insurance Services, LLC has named Kurt Hoffmann a marketing and promotions agent. Hoffmann’s responsibilities include business development, project management, community engagement and supporting growth initiatives. He has more than 20 years of sales and marketing experience. He …
  
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• California Division of Workers’ Comp Suspends Psychiatrist for Fraud

  08-06-2017 17:05
  
  California’s Division of Workers’ Compensation has suspended Pasadena psychiatrist Jason Hui-Tek Yang from participating in the state’s workers’ comp system following his conviction in Riverside County Superior Court for his involvement in an insurance fraud conspiracy that referred patients for …
  
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• Texas Workers’ Comp Division Improves Readability of Letters to Injured Workers

  08-06-2017 17:03
  
  The Texas Division of Workers’ Compensation announced it has modified form letters it sends to injured employees, making them easier to read. The DWC said a group of experts from across the agency looked at ways to meet legal requirements …
  
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• Employee gets break from insurance co. in $70127 theft from Smith Restaurant Supply - Syracuse.com

  08-06-2017 17:01 via syracuse.com
  
  Syracuse.com
  Employee gets break from insurance co. in $70127 theft from Smith Restaurant Supply
  Syracuse.com
  Syracuse, NY -- An employee of Smith Restaurant Supply, who stole thousands from the business, likely avoided a longer jail term after an insurance company paid for $50,000 of the losses. William Shaw, 58, of Lakeland, was indicted on accusations he ...
  
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• QBE, Arrowhead Partner on Small Commercial Insurance Program - Insurance Journal

  08-06-2017 16:51 via insurancejournal.com
  
  QBE, Arrowhead Partner on Small Commercial Insurance Program
  Insurance Journal
  Arrowhead General Insurance Agency has been selected as the program administrator for QBE North America's small commercial insurance portfolio, consisting of property and casualty business accounts under $100,000 in premium. Effective July 1, agents ...
  
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• QBE, Arrowhead Partner on Small Commercial Insurance Program

  08-06-2017 16:47
  
  Arrowhead General Insurance Agency has been selected as the program administrator for QBE North America’s small commercial insurance portfolio, consisting of property and casualty business accounts under $100,000 in premium. Effective July 1, agents will have access to a broader …
  
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• Kentucky Food Distributor Recalls More Than 22K Pounds of Beef

  08-06-2017 16:35
  
  The U.S. Department of Agriculture says a Kentucky-based food distributor has issued a recall on more than 22,000 pounds of ground beef and other beef products due to possible E. coli bacteria contamination. USDA’s Food Safety and Inspection Service says …
  
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• Twenty six people charged in insurance fraud ring - Insurance Business America

  08-06-2017 16:17 via insurancebusinessmag.com
  
  Insurance Business America
  Twenty six people charged in insurance fraud ring
  Insurance Business America
  Twenty six people charged in insurance fraud ring Authorities have filed charges against 26 individuals who were allegedly involved in an insurance fraud ring that staged fake car accidents and duped at least 12 insurance companies out of more than ...and more »
  
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• Canada’s Economical Simplifies Business Structure as It Gets Ready to Go Public

  08-06-2017 15:51
  
  Waterloo, Ontario-based Economical Insurance is moving to a simpler legal entity structure as it continues its journey to become a public company. Currently, Assurance Economical in Quebec is underwritten by The Missisquoi Insurance Co.; Economical Select group car and home …
  
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• W.R. Berkley Environmental and Entertainment/Sports Split to Run as Independent Units

  08-06-2017 15:16
  
  W. R. Berkley Corp. has announced the formation of two independent operating units, Berkley Entertainment & Sports and Berkley Environmental. These units, which previously comprised Berkley Specialty Underwriting Managers, will now operate as independent businesses. “Establishing them as independent operating units …
  
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• Aon’s Purdy Moves to JLT Specialty USA as Senior VP

  08-06-2017 15:00
  
  Insurance broker and consultant JLT Specialty USA has appointed Mark Purdy as senior vice president. Purdy will be based in Houston, where his primary focus will be to help JLT’s clients improve their overall claims platform and develop post loss strategies …
  
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• Trump Labor Department Nixes Obama’s ‘Joint Employer’ Standard

  08-06-2017 14:42
  
  The U.S. Labor Department on Wednesday said it was rescinding the Obama administration’s standard for determining when companies are “joint employers” of contract and franchise workers, in the agency’s first major shift in labor policy under President Donald Trump. The …
  
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• Justice Department Sides with Whistleblowers Fired by Wells Fargo

  08-06-2017 14:21
  
  The U.S. Justice Department filed a friend-of-the-court brief on Tuesday in a lawsuit brought against Wells Fargo & Co. by two former employees, who were fired after they reported misdemeanors they had noticed to their supervisors. The DOJ’s filing concluded that …
  
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• Allianz Eyes Buying Remaining Stake in France’s Euler Hermes: Sources

  08-06-2017 13:39
  
  Allianz SE is exploring a plan to take Euler Hermes Group private, buying the shares it doesn’t already own in the French trade-credit insurer, according to people familiar with the matter. Euler Hermes stock gained the most in more than …
  
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• Cape Town Hit by Worst Storm in 30 Years, Threatening Insurers’ Outlook

  08-06-2017 13:27
  
  South Africa’s property and casualty insurers face an even tougher year than expected after Cape Town experienced its worst storm in 30 years and dozens of fires engulfed the region around the town of Knysna this week. The insurers, including …
  
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• IBM helps launch insurance chatbot - Business Insider - Business Insider

  08-06-2017 13:23 via businessinsider.com
  
  Business Insider
  IBM helps launch insurance chatbot - Business Insider
  Business Insider
  The banking industry has been holding the lead in chatbot technology adoption, but the insurance market may be trying to catch up. Singaporean insurtech ...and more »
  
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• IBM helps launch insurance chatbot - Business Insider

  08-06-2017 13:17 via businessinsider.com
  
  Business Insider
  IBM helps launch insurance chatbot
  Business Insider
  The banking industry has been holding the lead in chatbot technology adoption, but the insurance market may be trying to catch up. Singaporean insurtech PolicyPal on Wednesday announced the launch of its AI-enabled chatbot, powered by IBM Watson ...and more »
  
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• Ironshore International Names Lewis to Lead Australia Unit     

  08-06-2017 13:12
  
  Ironshore International has appointed William Lewis as managing director of Ironshore Australia Pty Ltd. (IAPL) to be based in the Sydney office. Lewis, a private equity attorney, is a specialist in private equity transactions, tax structuring and insurance, advising private …
  
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• Employment trends throughout the insurance industry in April 2017

  08-06-2017 12:30
  
  The numbers are in. How did the insurance industry do?
  
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• Are courts narrowing access to coverage in the construction industry?

  08-06-2017 12:30
  
  How can construction companies be sure they maintain additional insured status with appropriate insurance coverage?
  
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• Federal judge upholds insurance exclusion in child abuse civil case

  08-06-2017 12:15
  
  Zurich owed no duty to defend a school district in a suit by an alleged victim of molestation committed by a former teacher, a federal judge in Newark has ruled.
  
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• Markel Combines Wholesale & Global Divisions in Bid to Enhance Efficiency

  08-06-2017 12:11
  
  Markel Corp., in a bid to boost innovation and competitiveness, combined its Wholesale and Global arms into one entity to be known as Markel Assurance. Wholesale consists of excess and surplus lines and Global Insurance handles complex, risk managed accounts. …
  
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• Hub International Limited Acquires New York’s Brady Insurance Planning

  08-06-2017 12:01
  
  Hub International Limited (Hub), a global insurance brokerage, has acquired the assets of Brady Insurance Planning (Brady). Terms of the acquisition were not disclosed. Based in East Norwich, N.Y., Brady is an employee benefits advisor. Matthew Brady, the principal, will join Hub Northeast …
  
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• The Hartford Launches Nationally Registered Apprenticeship Program

  08-06-2017 12:00
  
  The Hartford is working to educate college students about opportunities in the insurance industry while helping to make the transition from college to an insurance career an easier one. This initiative comes through its recent partnership with the Connecticut Department …
  
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• New York’s Crystal & Company Names Cooke Director of Employee Benefits Unit

  08-06-2017 12:00
  
  Crystal & Company, a New York-headquartered strategic risk and insurance advisor, has hired Mary Cooke as director for its Employee Benefits Services unit. In her new role, Cooke works out of the firm’s national headquarters in New York City, where …
  
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• Cybersecurity insurance: A new answer to online crime - PCWorld

  08-06-2017 12:00 via pcworld.com
  
  PCWorld
  Cybersecurity insurance: A new answer to online crime
  PCWorld
  Cybersecurity insurance has been gaining prominence over the past couple years across a variety of sectors. Now it's poised to be the next big thing for consumers. For a barometer, look no further than American International Group Inc.'s newest ...
  
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• 10 most common medical conditions for dogs and cats

  08-06-2017 12:00
  
  Last year, Nationwide members spent more than $81 million to treat the most common medical conditions affecting their pets.
  
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• Severe weather aids fraudsters

  08-06-2017 11:30
  
  Restoring property after a natural catastrophe is stressful and can be compounded by contractors and lawyers who abuse the legal system.
  
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• If Insurance Market Crashes, Can Lawmakers Put The Pieces Back ... - Kaiser Health News

  08-06-2017 11:05 via khn.org
  
  Kaiser Health News
  If Insurance Market Crashes, Can Lawmakers Put The Pieces Back ...
  Kaiser Health News
  Actions by the Trump administration are putting pressure on the fragile market for individuals who buy their own coverage, but analysts say it should be able to ...and more »
  
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• Keystone Insurers Group Names Maurer as VP in Michigan

  08-06-2017 07:53
  
  Property/casualty insurance broker, Keystone Insurers Group (Keystone), has appointed Mark Maurer as its state vice president in Michigan. Maurer recently was vice president at Arlington/Roe. While there he established an office in Grand Rapids and created and coached a team …
  
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• Judge in Chicago Tosses Ex-NHL Player’s Parents’ Wrongful Death Lawsuit

  08-06-2017 07:41
  
  A federal judge in Chicago has dismissed a wrongful death lawsuit filed by former NHL player Derek Boogard’s parents, who blamed the league for their son’s brain damage and addiction to prescription painkillers. Boogard, a feared enforcer during six seasons …
  
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