Insurance news

• Former CIA contractor, former SEAL, falls through medical insurance loopholes - Fox News

  09-06-2017 21:27 via foxnews.com
  Fox News
  Former CIA contractor, former SEAL, falls through medical insurance loopholes
  Fox News
  Matthew Wojciechowski, a fit and healthy retired U.S. Navy SEAL, was working as a contractor for the CIA's Global Response Staff in a Middle East outpost. Suddenly on Dec. 21, 2011, he was struck with crippling chest pain and was soon shaking violently.
  
  Read more

• Severe weather season means planning for CATS and dogs

  09-06-2017 19:30
  
  The arrival of hurricane season means the time is now to update disaster preparedness plans, which always should include arrangements for family pets.
  
  Read more

• Insurers face $3 billion payout for severe weather in May

  09-06-2017 18:55
  
  Total aggregated economic losses in the U.S. from severe weather in May exceed $4 billion, while public and private insurers faced a combined payout approaching $3 billion.
  
  Read more

• Texas Lawyer Indicted in Roof Claims Insurance Fraud Case

  09-06-2017 18:54
  
  A Texas attorney been released on $20,000 bond after being indicted on charges of organized criminal activity, legal misconduct, and insurance fraud related to hail claims, the Texas Department of Insurance announced. A Tarrant County grand jury on June 5 …
  
  Read more

• Advertisement

• Court Rules Neighbors Can Sue Colorado Pot Grower over Stink

  09-06-2017 17:32
  
  A Colorado pot farm’s neighbor can sue them for smells and other nuisances that could harm their property values, a federal appeals court ruled. The 10th U.S. Circuit Court of Appeals ruling revives a lawsuit between a Colorado horse farm …
  
  Read more

• Downtown Los Angeles High Rise Developer to Pay $400K for Blaze

  09-06-2017 17:29
  
  The owner of a huge apartment complex that went up in flames in downtown Los Angeles will pay the city $400,000 to settle a $20 million lawsuit. The Los Angeles Daily News reported the City Council this week approved a …
  
  Read more

• Lockton appoints Henningsen president of Houston commercial P&C insurance

  09-06-2017 17:25
  
  Jeff Henningsen will take on an expanded leadership role in business development.
  
  Read more

• Families of Victims Pack Court to See Man Changed in Deadly Oakland Warehouse Fire

  09-06-2017 17:22
  
  Families of some of the dozens of people who were killed in an Oakland warehouse fire attended a court hearing for a man charged with 36 counts of involuntary manslaughter in the fire. Victims lined up to see suspect Derick …
  
  Read more

• Advertisement

• People on the move in the P&C insurance industry: June 9, 2017

  09-06-2017 17:15
  
  News from Snapsheet, The Main Street America Group, RIC Insurance General Agency and more.
  
  Read more

• Goldberg Joins Ryan Specialty Group’s Sapphire Blue in Chicago

  09-06-2017 17:11
  
  Ryan Specialty Group (RSG) announced that Debra Goldberg has joined RSG’s managing general underwriting company, Sapphire Blue, as chief underwriting officer. Goldberg is based at Sapphire Blue’s headquarters in Chicago. Prior to joining Sapphire Blue, Goldberg was the managing director …
  
  Read more

• Former Washington Insurance Agent Charged in Theft of Clients’ Money

  09-06-2017 17:11
  
  A former insurance agent in Washington has been charged with stealing premiums from his clients. Levi Watson, 44, of Bothell, Wash., faces one count of first-degree theft and one count of money laundering, both felonies. Watson was licensed to sell …
  
  Read more

• Henningsen Named President of Lockton’s P/C Insurance Operation in Houston

  09-06-2017 16:44
  
  Kansas City-based insurance broker, Lockton, has named Jeff Henningsen as president of its Houston Property & Casualty Insurance Operation.   Henningsen will take on an expanded leadership role in business development for the team that provides risk management advice and insurance brokerage services. …
  
  Read more

• Higginbotham Adds 2 Insurance Brokers in McAllen, Texas Office

  09-06-2017 16:37
  
  Higginbotham has hired insurance brokers John Garcia and Jordan Lewis in its McAllen, Texas, office. Garcia was added as an associate of employee benefits and Lewis as an associate of business insurance. They join the office’s four existing brokers and …
  
  Read more

• Arkansas City, County Included in Duggar Family Privacy Suits

  09-06-2017 16:26
  
  Reality TV personality Josh Duggar faced “unwarranted public scrutiny” after a magazine disclosed that sisters told police they had been molested by him years earlier, lawyers for Duggar said in a complaint in which he seeks to join his sisters’ …
  
  Read more

• Government Intervention in Health Insurance Falls Short - American Institute for Economic Research (blog)

  09-06-2017 16:23 via aier.org
  Pacific Standard
  Government Intervention in Health Insurance Falls Short
  American Institute for Economic Research (blog)
  The Affordable Care Act, also known as Obamacare, fell short of its main objectives. The goal of Obamacare was to expand access to health care and to reduce costs.It failed because it attempted to force transactions that would not happen in a free market.
  A Group of Senators Want to Bring Back Short-Term Insurance Plans ...Pacific Standard
  5 things you need to know about heal
  
  Read more

• Corporate Venture Arm of CNP Assurance Leads Investment in Blockchain Startup

  09-06-2017 16:21
  
  U.S. exchange group Nasdaq Inc has joined a 7 million-euro ($7.9 million) investment round in Stratumn, which helps companies develop applications using blockchain technology, the Paris-based startup said on Thursday [June 8]. The investment was led by Open CNP, the …
  
  Read more

• One More Oklahoma County Gets Post-Storm Disaster Aid

  09-06-2017 16:20
  
  Federal disaster assistance is now available for some businesses and homeowners in Oklahoma’s Beckham County who had property losses as a result of severe weather last month. Gov. Mary Fallin said that the U.S. Small Business Administration is providing low-interest …
  
  Read more

• Insurance Is Gambling, Seriously - Seeking Alpha

  09-06-2017 15:39 via seekingalpha.com
  
  Insurance Is Gambling, Seriously
  Seeking Alpha
  Gambling is defined as wagering money (or something else of value) on an event with an uncertain outcome. The primary aim of gambling is to win more than the amount wagered. To place a gambling bet, you need to have three things: consideration, ...
  
  Read more

• AmTrust Sells Shares in National General Holdings for $212 Million

  09-06-2017 15:32
  
  AmTrust Financial Services Inc. said it has agreed to sell shares it owns in National General Holdings Corp. for approximately $211.7 million. AmTrust has agreed to sell 10,586,000 common shares of NGHC at a price of $20.00 per share (representing a …
  
  Read more

• Ed Broking LatAm Appoints Hernandez as Chairman; de Freitas Named CEO

  09-06-2017 15:25
  
  Ed, the London-based reinsurance, wholesale and specialty broker, announced the appointments of Mike Hernandez to the role of chairman and Agustin de Freitas as CEO of Ed Broking LatAm. They take up their roles with immediate effect. Hernandez, who previously …
  
  Read more

• U.S. Storms in May to Cost Insurers $3B; Economic Costs Total $4B: Aon Report

  09-06-2017 15:02
  
  Total aggregated economic losses from severe weather in the U.S. during May was set to exceed US$4.0 billion, while public and private insurers face a combined payout approaching an estimated US$3.0 billion, according to Impact Forecasting, Aon Benfield’s catastrophe model …
  
  Read more

• House Passes Dodd-Frank Replacement on Party Line Vote

  09-06-2017 14:26
  
  Republicans in the U.S. House of Representatives voted on Thursday to replace the 2010 Dodd-Frank Wall Street reform law, a move that is expected to die in the Senate but open the door to revamping or eliminating regulations that came …
  
  Read more

• FDA Seeks to Halt Sales of Opioid Painkiller Opana ER for Public Health Reasons

  09-06-2017 14:20
  
  As the United States battles a growing opioid abuse crisis, the Food and Drug Administration on Thursday asked Endo International Plc to withdraw from the market its long-lasting opioid painkiller, Opana ER, sending Endo’s shares down more than 12 percent. …
  
  Read more

• RMS Releases Updated N. America Earthquake Models for U.S., Canada & Mexico

  09-06-2017 13:58
  
  RMS, the Newark, Calif.-based risk modeling and analytics firm, announced the release of version 17.0 of its North America Earthquake Models for the United States, Canada and Mexico. The updated model will enable RMS clients to manage their risk accumulations …
  
  Read more

• 5 cybersecurity problems facing mid-size insurance companies

  09-06-2017 13:00
  
  Mid-size insurance and finance companies face the same cybersecurity threats as industry incumbents. But most of them have failed to sufficiently prepare for those threats. (Includes infographic)
  
  Read more

• Big majority of Michiganders want auto insurance reform, poll shows - MLive.com

  09-06-2017 12:44 via mlive.com
  
  MLive.com
  Big majority of Michiganders want auto insurance reform, poll shows
  MLive.com
  About three-quarters of Michigan voters support reforming the state's no-fault auto insurance law, a new survey shows. (MLive file photo). Print Email · Julie Mack | [email protected] By Julie Mack | [email protected] MLive.com on June 09, 2017 at 6:41 ...
  
  Read more

• Active Atlantic Hurricane Season Looms – as Odds Drop of El Niño Formation

  09-06-2017 12:43
  
  Forecasters again lowered the odds of El Niño forming by year’s end, a scenario that may mean more Atlantic hurricanes at a time when federal agencies charged with predicting and responding to natural disasters lack top administrators. The updated forecast, …
  
  Read more

• Active Atlantic Hurricane Season Looms – as Odds Dim of El Niño Formation

  09-06-2017 12:43
  
  Forecasters again lowered the odds of El Niño forming by year’s end, a scenario that may mean more Atlantic hurricanes at a time when federal agencies charged with predicting and responding to natural disasters lack top administrators. The updated forecast, …
  
  Read more

• Worley Acquires Massachusetts’ Apex Claims Service

  09-06-2017 12:34
  
  Worley Claims Services LLC (Worley), a provider of insurance claims services in the U.S., has acquired Apex Claims Service of New England LLC (Apex), a provider of daily and catastrophe commercial and residential property claims based in Westfield, Mass. Financial …
  
  Read more

• Yahoo loses bid for insurance coverage: Unsolicited text messages

  09-06-2017 12:30
  
  A court has ruled that a CGL policy didn't cover lawsuits against Yahoo alleging it invaded plaintiffs’ privacy when it sent them unsolicited text messages.
  
  Read more

• How insurance advisors can overcome perception bias & grow their business

  09-06-2017 12:15
  
  Maybe some prospects are looking at you through biased eyes.
  
  Read more

• Rules for Ride-Hailing Services Head to Connecticut Governor’s Desk

  09-06-2017 12:08
  
  Legislation creating rules for ride-hailing services for the first time in Connecticut is heading to the governor. After three years of the debate, the bill finally passed the Senate on a 28-8 vote late Tuesday. It previously cleared the House …
  
  Read more

• New York’s Berkley Alliance Managers Hires Andersen

  09-06-2017 12:00
  
  Berkley Alliance Managers, an Albany, N.Y.-based Berkley Company, has named Anthony Andersen as senior vice president and professional liability claims manager. In this role, he will be responsible for providing managerial oversight to the company’s claims staff. Andersen joins Berkley …
  
  Read more

• Brave New World: 1st Reinsurance Product Heads to the Blockchain

  09-06-2017 11:48
  
  Second of Two Articles There has been a lot of press – and perhaps hype – about blockchain and its potential to revolutionize the industry’s processes and ultimately improve the customer experience. However, the efforts of the industry’s B3i initiative …
  
  Read more

• Update: U.K. Voters Reject Prime Minister May’s Vision of ‘Hard Brexit’

  09-06-2017 10:18
  
  Prime Minister Theresa May will plow ahead with her plan to withdraw Britain from the European Union even as her electoral defeat raised questions over whether she will have to soften her approach or even if she will last the distance. …
  
  Read more

• U.K. Voters Reject Prime Minister May’s Vision of ‘Hard Brexit’

  09-06-2017 10:18
  
  British voters rejected Prime Minister Theresa May’s vision of a hard Brexit, potentially paving the way for a less abrasive breakup with the European Union. Seven weeks after she called a snap election to strengthen her hand for the looming …
  
  Read more

• Dismantling the NFIP monopoly

  09-06-2017 09:24
  
  NFIP reform should open the floodgates to fair competition for private market managing general agents.
  
  Read more

• Ohio Village: No Space Left for Medical Marijuana Growers

  09-06-2017 07:51
  
  A central Ohio village that embraced potential medical marijuana business while some other communities rejected it saw such interest from prospective growers that it has run out of space for that sector. The Columbus Dispatch reports that possible growers have …
  
  Read more

• New Trial Ordered in Iowa High School Baseball Injury Case

  09-06-2017 07:34
  
  The Iowa Supreme Court has ordered a new trial in the case of a Muscatine high school baseball player whose skull was fractured when he was struck by a foul ball during a game in Davenport in 2011. A jury …
  
  Read more

• Everest Insurance Adds Benzin, Romano to Midwest Team

  09-06-2017 07:27
  
  Everest Re Group Ltd., based in Hamilton, Bermuda, announced that Jeff Benzin has joined Everest Insurance – as vice president and head of the Midwest Region and John Romano joins as a vice president. Benzin comes to Everest from Avant …
  
  Read more

• Brown & Brown Insurance Settles Florida Pregnancy Discrimination Suit for $100K

  09-06-2017 06:31
  
  Daytona Beach, Fla.-based insurance brokerage firm Brown & Brown will pay $100,000 and furnish significant relief to resolve a pregnancy discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), according to statements issued last month by both EEOC …
  
  Read more

• Worldwide Facilities Adds Davis as Broker in Atlanta Office

  09-06-2017 06:09
  
  National wholesale insurance brokerage and managing general agent Worldwide Facilities has announced that Shavarra Davis will be joining its Atlanta office as a broker specializing in the healthcare industry. Davis brings more than a decade of experience in the healthcare …
  
  Read more

• Risk Theory Adds Garage Package for Franchised Auto Dealers

  09-06-2017 06:01
  
  Risk Theory, LLC, underwriter of a dealer open lot program for independent agents, has expanded its offerings to include garage package coverage for franchised auto, heavy truck, and motorcycle dealers. The Garage Program, led by industry veteran Bob Tschippert, is …
  
  Read more

• Storms Set Rainfall Records, Cause Flooding in South Florida

  09-06-2017 06:00
  
  Several Florida cities set rainfall records as heavy rain continued to fall in Florida, bringing the potential for flooding and even forcing officials to close a large outlet mall north of Miami on Wednesday. News outlets reported that 10 or …
  
  Read more

• 26 People Wanted in Georgia Over $155K Auto Insurance Fraud Ring

  09-06-2017 06:00
  
  Arrest warrants were issued this week for 26 suspects in connection with an automobile insurance fraud ring centered in the Columbus, Georgia area, according to a statement from Insurance Commissioner Ralph Hudgens. According to the statement, the fraud ring allegedly …
  
  Read more

• San Jose body shop owner, 17 others charged with insurance fraud - The Mercury News

  09-06-2017 03:59 via mercurynews.com
  
  The Mercury News
  San Jose body shop owner, 17 others charged with insurance fraud
  The Mercury News
  SAN JOSE — The owner of a San Jose body shop, his wife, and 16 others have been charged in connection with an insurance fraud scheme in which 15 car accidents were staged to collect $150,000 in claims, according to the Santa Clara County District ...
  
  Read more

• Homeowners may soon find insurance relief - Calaveras Enterprise

  09-06-2017 02:09 via calaverasenterprise.com
  
  Calaveras Enterprise
  Homeowners may soon find insurance relief
  Calaveras Enterprise
  Insurers began leaving the area shortly after the 2013 Rim Fire in Tuolumne County and the Butte Fire in Calaveras County in 2015. prev. next. The foothills of the Sierra Nevada are apparently among the worst places to live in California when wildfire ...and more »
  
  Read more

• A Key Republican Demands Subsidies to Calm Insurance Markets - New York Times

  09-06-2017 01:37 via nytimes.com
  New York Times
  A Key Republican Demands Subsidies to Calm Insurance Markets
  New York Times
  Kevin Brady, chairman of the House Ways and Means Committee, second from left, at a hearing last month. He says Congress should immediately provide money for subsidy payments to health insurance companies. Credit Al Drago/The New York Times.
  Top Republican seeks action now to steady insurance marketsABC Newsall 8 news articles »
  
  Read more

• Insurance Commissioner Wade Faces Fine For Withholding Records Of Aetna-Humana Merger - Hartford Courant

  09-06-2017 00:53 via courant.com
  
  Hartford Courant
  Insurance Commissioner Wade Faces Fine For Withholding Records Of Aetna-Humana Merger
  Hartford Courant
  Senate Leaders Martin Looney and Len Fasano have sent a letter to Insurance Commissioner Katharine Wade warning her about her involvement in a proposed bill that aims to 'protect consumers from secret price gouging by pharmacy benefit managers.'.
  
  Read more

• East Norwich insurance brokerage sold to Chicago firm - Newsday

  09-06-2017 00:52 via newsday.com
  
  Newsday
  East Norwich insurance brokerage sold to Chicago firm
  Newsday
  A Chicago insurance brokerage firm said Thursday it has acquired the assets of an East Norwich brokerage. Hub International Ltd. said the employees of Brady Insurance Planning, which specializes in employee benefits, will join the firm as part of the ...
  
  Read more

Follow @Insurance_Newsl on Twitter!