Insurance news

• Two men convicted for staging car accidents for insurance fraud - WTNH Connecticut News (press release)

  15-06-2017 23:52
  
  WTNH Connecticut News (press release)
  Two men convicted for staging car accidents for insurance fraud
  WTNH Connecticut News (press release)
  NEW HAVEN, Conn. (WTNH) — A federal jury in New Haven has found two Norwich residents guilty of fraud and conspiracy offenses related to their staging of car accidents to defraud automobile insurance companies. Deirdre M. Daly, United States Attorney ...and more »
  
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• Why Renters Should Consider Getting Flood Insurance - Forbes

  15-06-2017 23:50
  
  Why Renters Should Consider Getting Flood Insurance
  Forbes
  The Atlantic hurricane season is officially underway, and most homeowners in high-risk areas should already have their insurance in order. As flood victims can attest, the next Alex, Bonnie, or Earl can strike with frightening rapidity and cause ...
  
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• Cleveland Clinic partners with startup Oscar to offer insurance in Ohio - CNNMoney

  15-06-2017 23:43
  
  CNNMoney
  Cleveland Clinic partners with startup Oscar to offer insurance in Ohio
  CNNMoney
  Oscar Health has a new partner that holds a lot of weight in the world of healthcare: Cleveland Clinic. On Thursday, the two businesses announced that they'll work together to offer individual health insurance plans to consumers in five counties in ...and more »
  
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• Cleveland Clinic partners with startup Oscar to offer insurance in ... - CNNMoney

  15-06-2017 23:43
  
  CNNMoney
  Cleveland Clinic partners with startup Oscar to offer insurance in ...
  CNNMoney
  Cleveland Clinic and Oscar announced that they'll work together to offer individual health insurance plans to consumers in northeast Ohio.and more »
  
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• Top GOP senator seeks action now to steady insurance markets - ABC News

  15-06-2017 22:46
  Top GOP senator seeks action now to steady insurance markets
  ABC News
  A leading Republican senator is calling for immediate action to stabilize shaky health insurance markets around the country, amid concerns that the GOP will get blamed if constituents' lives are disrupted. Sen. Lamar Alexander of Tennessee called on ...and more »
  
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• Budget panel rejects Walker's self-insurance plan, finds other savings - Madison.com

  15-06-2017 22:44
  
  Madison.com
  Budget panel rejects Walker's self-insurance plan, finds other savings
  Madison.com
  Republican Gov. Scott Walker's plan to save $60 million by moving state workers to a self-insured health program was unanimously rejected Thursday by the Republican-controlled state Legislature's Joint Finance Committee, which approved $63.9 million in ...
  Budget committee rejects Scott Walker's self insurance planWiscNews
  Finance committee rejects self-insuranceChannel3000.com - WISC-TV3
  Joint F
  
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• Deal Clears Road for Average 2 Percent Auto Insurance Rise - U.S. News & World Report

  15-06-2017 22:40
  News & Observer
  Deal Clears Road for Average 2 Percent Auto Insurance Rise
  U.S. News & World Report
  North Carolina's insurance regulator says he's reached a deal with auto insurers for a premium increase of just over 2 percent instead of the nearly 14 percent average increase companies sought in February. June 15, 2017, at 4:33 p.m.. MORE.
  Your auto insurance rates are going up – but less than insurers wantedNews & Observerall 3 news articles »
  
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• Deal Clears Road for Average 2 Percent Auto Insurance Rise | North ... - U.S. News & World Report

  15-06-2017 22:40
  News & Observer
  Deal Clears Road for Average 2 Percent Auto Insurance Rise | North ...
  U.S. News & World Report
  RALEIGH, N.C. (AP) — North Carolina's insurance regulator says he's reached a deal with auto insurers for a premium increase of just over 2 percent instead of ...
  Auto insurance rates in NC to rise 2.2 percent – far less than the ...News & Observer
  NC auto insurance rates going up, but not by 13.8 percent - WWAY ...WWAY NewsChannel 3all 3 news articles&nbs
  
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• 21 of 26 suspects arrested in $500000 insurance fraud scheme in Columbus - Columbus Ledger-Enquirer

  15-06-2017 22:40
  
  Columbus Ledger-Enquirer
  21 of 26 suspects arrested in $500000 insurance fraud scheme in Columbus
  Columbus Ledger-Enquirer
  The five suspects still wanted in connection with the scam conducted between 2013 and 2016 are Mackery Strong, Deidra S. Holmes, Shalawn Williams, Emory Stevens Jr. and Safia Streetman. The group faces a total of 326 charges, including insurance ...
  
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• Insurance Commissioner Calls For Assignment Of Benefits Changes - WFSU

  15-06-2017 22:38
  
  WFSU
  Insurance Commissioner Calls For Assignment Of Benefits Changes
  WFSU
  Florida's insurance officials are considering moves to rein in assignments after the Legislature again failed to take action. The procedure allows service providers to work directly with an insurer, but some say they're taking advantage of the system.and more »
  
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• Connecticut's health insurance exchange ponders its future - New Haven Register

  15-06-2017 22:33
  
  New Haven Register
  Connecticut's health insurance exchange ponders its future
  New Haven Register
  Lt. Gov. Nancy Wyman chairs the Access Health CT Board of Directors meeting Thursday, June 15, 2017. Christine Stuart — ctnewsjunkie. By Christine Stuart, ctnewsjunkie.com. Posted: 06/15/17, 4:25 PM EDT | Updated: 2 hrs ago. # Comments. HARTFORD ...and more »
  
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• Cleveland Clinic jumps into insurance biz with Oscar Health - ModernHealthcare.com

  15-06-2017 21:39
  
  cleveland.com
  Cleveland Clinic jumps into insurance biz with Oscar Health
  ModernHealthcare.com
  While many health insurers are fleeing the individual market, health system Cleveland Clinic is jumping into the insurance business head first with the New York-based startup Oscar Health. Ohio's Cleveland Clinic and the tech-focused Oscar said ...
  Cleveland Clinic joint venture to offer individual insurance in five ...cleveland.com
  Cleveland Clinic dives into health insurance marketCrain's Cleveland
  
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• Walker's Self-Insurance Plan Rejected by Budget Committee - U.S. News & World Report

  15-06-2017 21:37
  Madison.com
  Walker's Self-Insurance Plan Rejected by Budget Committee
  U.S. News & World Report
  Gov. Scott Walker's proposed switch to a self-insurance plan for state workers was rejected in a rare bipartisan vote by the Wisconsin Legislature's budget-writing committee Thursday, a defeat for the governor who had lobbied strongly to make the change.
  Budget panel rejects Walker's self-insurance plan, finds other savingsMadison.com
  Finance committee rejects self-insuranceChannel3000.com - WISC-
  
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• These Insurance Policies Aren't Worth Your Money - Lifehacker Australia

  15-06-2017 20:33
  
  Lifehacker Australia
  These Insurance Policies Aren't Worth Your Money
  Lifehacker Australia
  In a way, insurance is the least satisfying thing you can spend your money on. You buy it with the hope that you'll never need to actually use it (and if you do use it, it only gets more expensive). On the other hand, insurance is satisfying because it ...
  
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• Chubb increases terrorism, political violence and war insurance capacity

  15-06-2017 19:02
  
  Chubb now is offering increased insurance capacity of up to $150 million for terrorism, political violence, and war risks.
  
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• County Working on Lowering Flood Insurance Costs - Government Technology

  15-06-2017 19:00
  
  Government Technology
  County Working on Lowering Flood Insurance Costs
  Government Technology
  The county has not been getting a discount from the National Flood Insurance Program's Community Rating System. by Howard Greninger, The Tribune-Star, Terre Haute, Ind. / June 15, 2017. Shutterstock. (TNS) — A Vigo, Ind., County official is seeking a ...
  House Panel Gets Down to Business on Flood Insurance PropsalsInsurance Journal
  Why Fairness Matters in Reforming Flood and Health Insurance
  
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• Arkansas’ G4S Youth Services Hit with Pay Discrimination Lawsuit

  15-06-2017 18:34
  
  G4S Youth Services, a former manager of programs and services at a juvenile correction and detention facility in Alexander, Ark., violated federal law by paying a female facility investigator less than it paid the male employee who formerly held the …
  
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• Michigan Health Chief, Others Face Criminal Charges over Flint Water

  15-06-2017 18:31
  
  Five people, including the head of Michigan’s health department, were charged with involuntary manslaughter in an investigation of Flint’s lead-contaminated water, all blamed in the death of an 85-year-old man who had Legionnaires’ disease. Nick Lyon is the highest-ranking member …
  
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• 5-Year-Old Dies After Being Left in Arkansas Day Care Vehicle

  15-06-2017 18:27
  
  A 5-year-old boy with developmental disabilities was found dead inside a daycare van where police said he’d been left all day in the sweltering heat, and an Arkansas agency has launched an investigation into why a vehicle alarm system and …
  
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• House Panel Gets Down to Business on Flood Insurance Propsals

  15-06-2017 17:15
  
  House lawmakers are weighing seven proposals to renew and reform the federal flood insurance program, an area where there is a good amount of bipartisan agreement that something should be done and even on what to do. The House Financial Services …
  
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• Trump Officials Overseeing Health Care Overhaul Previously Lobbied for Health Insurance Firms - The Intercept

  15-06-2017 17:11
  
  The Intercept
  Trump Officials Overseeing Health Care Overhaul Previously Lobbied for Health Insurance Firms
  The Intercept
  The political appointees tapped by President Donald Trump to oversee federal health care programs — including the potential transition to a new Republican bill to replace the Affordable Care Act — joined the government just after working as lobbyists ...and more »
  
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• No flood insurance for Trump? - Insurance Business America

  15-06-2017 16:40
  
  Insurance Business America
  No flood insurance for Trump?
  Insurance Business America
  As Mar-a-Lago can be partly submerged for most of the year, the fact that its owner President Donald Trump denies climate change has raised plenty of eyebrows. However, if President Trump wants to seek flood insurance for his “Winter White House,” a ...
  
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• THE INSURANCE AND THE IoT REPORT: How insurers are using connected devices to cut costs and more accurately ... - Business Insider

  15-06-2017 16:33
  
  Business Insider
  THE INSURANCE AND THE IoT REPORT: How insurers are using connected devices to cut costs and more accurately ...
  Business Insider
  Insurance companies have long based their pricing models and strategies on assumptions about the demographics of their customers. Auto insurers, for example, have traditionally charged higher premiums for parents of teenage drivers based on the ...and more »
  
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• San Francisco Approves Requirement for Clean Breastfeeding Space for Workers

  15-06-2017 16:32
  
  San Francisco supervisors approved legislation that requires employers to provide new mothers a clean and private space to pump their milk, adding to the board’s long history of trying to make the city more equitable for workers even if that …
  
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• California-based Uber Loses Officials, Faces Major Changes

  15-06-2017 16:27
  
  Freewheeling Uber faces major change. Its board is cracking down, its founder and CEO is stepping away indefinitely, and the company itself is coming to grips with measures intended to reform its toxic culture and aggressive business practices. And it …
  
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• UPS Worker in Northern California Kills 3, Turns Gun on Self

  15-06-2017 16:16
  
  A UPS driver opened fire with a handgun inside a United Parcel Service Inc delivery center in San Francisco on Wednesday, killing three co-workers before fatally shooting himself as police closed in, authorities and company officials said. Two people wounded …
  
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• Farmers Insurance holding job fair to fill more than 400 positions ... - ABC15 Arizona

  15-06-2017 15:30
  
  ABC15 Arizona
  Farmers Insurance holding job fair to fill more than 400 positions ...
  ABC15 Arizona
  You could be going to sleep with a new job. Farmers Insurance is holding a career at their brand-new, north Phoenix office to fill more than 400 positions in ...and more »
  
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• Health Insurance - An Industry In Transition - Seeking Alpha

  15-06-2017 15:19
  
  Health Insurance - An Industry In Transition
  Seeking Alpha
  The publicly traded Health Insurance industry is in the midst of a hugely important strategic transformation which is likely to generate key investment opportunities and risks. We initiate coverage of a universe of eight companies - UnitedHealth ...and more »
  
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• Insurance Research Finds Many Homeowners Don’t Understand Deductibles

  15-06-2017 15:18
  
  Almost five years after Superstorm Sandy, one third of homeowners in several coastal states are still unaware of hurricane deductibles and how they work, new insurance research has found. Not only did 33 percent of respondents say they had never …
  
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• New York Flood Areas Getting Portable Dams, $1M in State Aid

  15-06-2017 15:16
  
  Water-filled portable dams are being deployed and $1 million in state funding will go toward emergency repairs to wastewater treatment systems in two flood-damaged Lake Ontario communities, Gov. Andrew Cuomo said Tuesday. A temporary emergency barrier system using water-filled dams …
  
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• Rolling Stone to Pay $1.65M to Settle Suit Over University of Virginia Rape Story

  15-06-2017 15:11
  
  Rolling Stone magazine agreed to pay $1.65 million to settle a defamation lawsuit filed by a University of Virginia fraternity over a debunked story about a rape on campus, the fraternity said Tuesday. The settlement closes the final chapter of …
  
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• Massachusetts Marijuana Proposal Seeks Higher Taxes, More Local Control

  15-06-2017 15:02
  
  Lawmakers reviewing the state’s new recreational marijuana law plan to recommend sharply higher taxes and more control for city and town officials over retail pot shops in their communities, according to a copy of a House proposal obtained Tuesday by …
  
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• Anbang Says New York’s Waldorf Astoria Condo Conversion Proceeding Normally

  15-06-2017 14:53
  
  The conversion of New York’s landmark Waldorf Astoria hotel into luxury condominiums is moving forward as planned and no delays are anticipated after the property’s owner, China’s Anbang Insurance Group Co., said its chairman was no longer able to carry …
  
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• Chinese Banks Backing Away from Anbang Insurance

  15-06-2017 14:27
  
  Pressure is building on Anbang Insurance Group Co. as Chinese banks distance themselves from the owner of New York’s Waldorf Astoria hotel amid a wide-ranging government probe that landed Chairman Wu Xiaohui in police custody. Chinese authorities have asked lenders …
  
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• China Fines Emirates Airline for Unsafe Operations

  15-06-2017 14:07
  
  China’s civil aviation authority has fined the world’s largest long-haul carrier, Dubai-based Emirates, and barred it from adding new destinations and aircraft in China for six months, following two incidents of “unsafe operations.” Airline crew were responsible for an April …
  
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• London Tower Block Fire Death Toll Rises

  15-06-2017 14:01
  
  The death toll in a fire that ripped through a 24-story block of flats in London rose to 17 on Thursday, with many people still missing and firefighters facing hazardous conditions as they searched the charred wreck. Smoke was still …
  
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• World's First Blockchain Insurance Marketplace To Launch ... - CoinTelegraph

  15-06-2017 13:40
  CoinTelegraph
  World's First Blockchain Insurance Marketplace To Launch ...
  CoinTelegraph
  The world's first Blockchain-based insurance marketplace, InsureX, is set to launch an ICO in July 2017 in a bid to raise at least 2200 ETH. The first in a large ...and more »
  
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• World's First Blockchain Insurance Marketplace To Launch Ambitious ICO - CoinTelegraph

  15-06-2017 13:40
  CoinTelegraph
  World's First Blockchain Insurance Marketplace To Launch Ambitious ICO
  CoinTelegraph
  The world's first Blockchain-based insurance marketplace, InsureX, is set to launch an ICO in July 2017 in a bid to raise at least 2200 ETH. The first in a large number of token sales set to launch in the next few weeks, London-headquartered InsureX ...and more »
  
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• Column: Yes, disability insurance really is part of Social Security - Reuters

  15-06-2017 13:12
  
  Reuters
  Column: Yes, disability insurance really is part of Social Security
  Reuters
  The entrance and logo of a Social Security Office in Pasadena, California U.S., March 14, 2017. REUTERS/Mario Anzuoni - RTX31091. By Mark Miller | CHICAGO. CHICAGO Quiz time: what do the letters “SS” stand for in SSDI? If your answer is “Social ...and more »
  
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• AIG ‘Smart’ Policy Uses Blockchain to Manage International Coverage for Bank

  15-06-2017 12:52
  
  American International Group Inc. and Standard Chartered Bank plc announced they have successfully piloted what they say is the first multinational, “smart contract” based insurance policy using blockchain, a distributed ledger technology. Noting that coordinating management and placement of multiple …
  
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• AIG ‘Smart’ Policy Uses Blockchain to Manage International Coverage

  15-06-2017 12:52
  
  Insurer American International Group Inc. has partnered with International Business Machines Corp. to develop a “smart” insurance policy that uses blockchain to manage complex international coverage, the companies said on Wednesday. AIG and IBM completed a pilot of a so-called “smart contract” …
  
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• Insurers Adapt Terrorism Policies with Loss of Attraction, Violent Acts, Other Coverages

  15-06-2017 12:38
  
  The changing nature of attacks in Western cities has led insurers to offer new policies, from straightforward cover for business lost due to police cordons to more risky compensation for declines in tourism. Terrorism insurance policies were developed after the 9/11 attacks …
  
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• Enhanced leadership abilities can multiply your insurance agency's results

  15-06-2017 12:30
  
  Understanding 'The Law of the Lid' is what separates average insurance agencies from high achieving insurance agencies.
  
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• Cleveland Clinic joint venture to offer individual insurance in five ... - cleveland.com

  15-06-2017 12:07
  
  cleveland.com
  Cleveland Clinic joint venture to offer individual insurance in five ...
  cleveland.com
  The Cleveland Clinic will enter the individual insurance market later this year through a joint venture with health insurance tech startup Oscar Health.
  Cleveland Clinic dives into health insurance market - Crain's ...Crain's Cleveland Business
  Cleveland Clinic partners with startup Oscar to offer insurance in OhioNBC2 News
  Oscar Health and Cleveland Clinic are offering insurance plans in OhioMe
  
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• Utilizing investigative services

  15-06-2017 12:00
  
  If you're a risk manager, it's important to understand what services a claim investigator provides and how they can contribute to your desired outcome.
  
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• Pressing tech issue: Enterprise software vs. cloud computing?

  15-06-2017 12:00
  
  John Sarich with VUE Software offers perspective on a vexing innovation question facing insurance industry technology executives.
  
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• Couple sues FEMA over refusal to review Sandy damage claims

  15-06-2017 11:30
  
  A couple whose property was damaged by Hurricane Sandy has sued FEMA for denying them access to the agency's Hurricane Sandy Claims Review process by refusing to review their claim.
  
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• Wisconsin Norovirus Outbreak Caused by Contaminated Food

  15-06-2017 07:56
  
  Heath officials have determined the source of a norovirus that sickened dozens of people attending a festival at the Northern Wisconsin State Fairgrounds last month. Wisconsin Department of Health Services spokeswoman Jennifer Miller tells the Leader-Telegram the gastroenteritis outbreak at …
  
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• Loppnow Joins Lockton as Property/Casualty Unit Manager in Milwaukee

  15-06-2017 07:30
  
  Kevin Loppnow has joined Lockton’s Milwaukee office as a property/casualty unit manager. Loppnow is an industry veteran with more than 25 years of experience as a property/casualty strategist. He previously worked for Lockton in Atlanta, and has returned to the company after running Willis …
  
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• New Chicago Program Aims to Reduce Car Crashes by 2026

  15-06-2017 07:00
  
  Chicago officials are launching a new program to help reduce roadway crashes by 2026. Mayor Rahm Emanuel’s office announced the program this week. Officials say it’ll approach traffic safety as a public health challenge by using data and involving several …
  
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