Insurance news

• Insurance fraud leading to rate hikes - WCTV

  21-06-2017 23:54
  
  WCTV
  Insurance fraud leading to rate hikes
  WCTV
  TALLAHASSEE, Fla. (CNS) -- Claims of abuse in the insurance industry are leading to a hike in rates. There are questions about a system that allows repair crews to bill insurers directly. Water remediation and remodeling contractors likely paid a ...and more »
  
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• Confie Acquires Valetta and EZ in Arizona

  21-06-2017 23:09
  
  Confie has acquired Arizona agencies Valletta Insurance in Phoenix and EZ Insurance in Tucson. Both Valletta and EZ are providers of non-standard auto insurance. Terms of the deal were not disclosed. Huntington Beach, Calif.-based Confie announced the acquisitions as part …
  
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• Tropical Storm Cindy Heads Toward Texas/Louisiana Border

  21-06-2017 21:33
  
  The National Hurricane Center reports that a tropical storm warning is in effect from San Luis Pass Texas to the mouth of the Mississippi River as Tropical Storm Cindy moves closer to the central Gulf Coast. The storm system as …
  
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• Government health insurance markets holding up--barely - ABC News

  21-06-2017 21:31
  Government health insurance markets holding up--barely
  ABC News
  Enough insurers are planning to sell coverage on the Affordable Care Act's insurance exchanges next year to keep them working — if only barely — in most parts of the country. Competition in many markets has dwindled to one insurer — or none in some ...and more »
  
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• UPDATE: Anthem, MDwise pulling out of Indiana health insurance exchanges - Indianapolis Business Journal

  21-06-2017 20:56
  
  Channel3000.com - WISC-TV3
  UPDATE: Anthem, MDwise pulling out of Indiana health insurance exchanges
  Indianapolis Business Journal
  Two health insurers are pulling out of Indiana's insurance exchanges next year, citing growing uncertainty over the future of the Affordable Care Act. Together, they represent about 77,000 members who must now find other health plans. Anthem Inc. and ...
  Anthem to withdraw from Wisconsin health insurance marketplaceChannel3000.com - WISC-TV3
  Trump sabotages heal
  
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• BB&T to expand insurance business - Bank Investment Consultant

  21-06-2017 20:48
  
  Bank Investment Consultant
  BB&T to expand insurance business
  Bank Investment Consultant
  It looks like BB&T's already dominant insurance brokerage business is about to get even bigger. Even though the bank derives an astoundingly high 15% of its revenues from insurance, it has set a long-term target of getting that to 20%, Kelly King, the ...
  
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• CEOs Say They'll Sell Health Insurance Next Year, But Are Flying Blind - KASU

  21-06-2017 19:42
  
  KASU
  CEOs Say They'll Sell Health Insurance Next Year, But Are Flying Blind
  KASU
  Mario Schlosser, CEO of the startup Oscar Health, says he's optimistic that Congress will come up with a humane health care bill. Noam Galai / Getty Images. The Senate vote on a bill to repeal and replace the Affordable Care Act is, according to ...
  Senators Drafting Secret Health Care Bill Backed by Insurance and Pharma Campaign MoneyCommon Dreams
  What happens to US health insurance if the hasty Republican overhau
  
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• All Colorado counties will have Obamacare coverage next year, state insurance chief says - 9NEWS.com

  21-06-2017 19:15
  
  9NEWS.com
  All Colorado counties will have Obamacare coverage next year, state insurance chief says
  9NEWS.com
  DENVER BUSINESS JOURNAL - Colorado will have at least one health-insurance carrier offering individual and small-group coverage in every county next year through the state-run insurance marketplace, the state Division of Insurance announced today.and more »
  
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• Abortion Coverage, Private Insurance Plans, and the American Health Care Act - Kaiser Family Foundation

  21-06-2017 19:00
  
  Abortion Coverage, Private Insurance Plans, and the American Health Care Act
  Kaiser Family Foundation
  The American Health Care Act passed by House Republicans in May would go further than existing law to restrict the availability of abortion coverage through private insurance policies. It would ban abortion coverage in all marketplace plans as well as ...and more »
  
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• Kentucky Supreme Court Finds No Bad Faith as a Matter of Law in Auto Lawsuit

  21-06-2017 18:59
  
  The Kentucky Supreme Court in Hollaway v. Direct General Ins. Co. Mississippi Inc., 497 S.W. 3d 733 (Ky. 2016), recently affirmed summary judgment that was granted in favor of the insurance company, finding that the plaintiff did not present a …
  
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• Cigna exits Maryland's individual health insurance marketplace - Baltimore Business Journal

  21-06-2017 18:57
  Cigna exits Maryland's individual health insurance marketplace
  Baltimore Business Journal
  Cigna Corp. has pulled out of the Maryland health exchange, becoming the latest insurer to exit amid pressure on the individual marketplace. In a filing with the state last month, Cigna requested an average rate increase of 37 percent for its ...and more »
  
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• Confie Adds Missouri Retail Insurance Locations

  21-06-2017 18:56
  
  Confie, a California-based national provider of personal and commercial lines insurance, has expanded its insurance agency presence in Missouri. Confie acquired the Rodney D. Young Insurance group’s Missouri retail operations from Loya Insurance Group, which consist of locations in St. …
  
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• CEOs Say They'll Sell Health Insurance Next Year, But Are Flying Blind - KWIT

  21-06-2017 18:52
  
  KWIT
  CEOs Say They'll Sell Health Insurance Next Year, But Are Flying Blind
  KWIT
  Mario Schlosser, CEO of the startup Oscar Health, says he's optimistic that Congress will come up with a humane health care bill. Noam Galai / Getty Images. The Senate vote on a bill to repeal and replace the Affordable Care Act is, according to ...
  Michigan hospitals, communities benefit from Medicaid, private insurance expansionCrain's Detroit Business
  Medicaid Is the Future of American Health Insurance -- If It
  
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• Texas Study Links Pollution, Earthquakes to Oil and Gas Drilling

  21-06-2017 18:44
  
  A new study by a nonprofit science organization says oil and gas drilling in Texas is linked to pollution and earthquakes. The Academy of Medicine, Engineering and Science of Texas study found drilling for oil and gas in shale rock …
  
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• H.W. Kaufman Financial’s Loss Control Unit, Afirm, Opens Montreal Office

  21-06-2017 18:43
  
  Afirm, an H.W. Kaufman Financial Group company specializing in loss control inspections, premium audits and risk mitigation services, announced its expansion to Montreal, Quebec. This marks Afirm’s initial presence in the Quebec province, building on its 30-year presence in the …
  
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• Texas Governor Signs Law Amending Captive Insurer Rules

  21-06-2017 18:41
  
  Texas Gov. Greg Abbott has signed a measure that tweaks Texas law relating to captive insurance companies. Abbot signed House Bill 1944 on June 15. The bill was authored by Jim Murphy (R – Houston) and sponsored in the Senate …
  
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• Water, water everywhere: Flood claim questions answered

  21-06-2017 18:40
  
  Insurance experts address coverage questions regarding the storage of flood-damaged property, exactly what type of damage can be attributed to flooding, and
  
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• Allianz seeks Asia business where growing middle-class driving demand for insurance

  21-06-2017 18:07
  
  About two thirds of Allianz’s insurance products in Asia are sold through agents.
  
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• Michigan hospitals, communities benefit from Medicaid, private insurance expansion - Crain's Detroit Business

  21-06-2017 18:05
  
  Crain's Detroit Business
  Michigan hospitals, communities benefit from Medicaid, private insurance expansion
  Crain's Detroit Business
  Michigan hospitals in 2015 accounted for $2.6 billion in community benefits and other programs designed to improve population health, according to a new report. Highlights of the MHA report. The average cost of an inpatient admission in a Michigan ...
  
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• Around the P&C insurance industry: June 21, 2017

  21-06-2017 18:00
  
  News from H.W. Kaufman Financial Group, USI Insurance Services, Trusted Choice and more.
  
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• Iowa’s ManchesterStory Group Welcomes Aon Benfield’s O’Halleran

  21-06-2017 17:44
  
  ManchesterStory Group (ManchesterStory), a Des Moines, Iowa-based venture capital firm focused on insurance-relevant FinTech and Healthcare companies, has added Michael O’Halleran as a special advisor and chair of the advisory board of the ManchesterStory Venture Fund L.P. O’Halleran is the …
  
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• Star-studded American Family Insurance shines - pgatour.com

  21-06-2017 17:33
  
  pgatour.com
  Star-studded American Family Insurance shines
  pgatour.com
  Fans came out in force for the inaugural event at Unveristy Ridge in 2016. (Hunter Martin/Getty Images). The PGA TOUR Champions second annual American Family Insurance Championship sure had a nice opening act this year – the 117th U.S. Open.
  Pro golf: Year 2 of American Family Insurance Championship offers bigger, better thingsMadison.comall 5 news articles »
  
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• Planning to Buy ACA Health Insurance for 2018? Here's What You Need To Know - ConsumerReports.org

  21-06-2017 17:32
  
  Planning to Buy ACA Health Insurance for 2018? Here's What You Need To Know
  ConsumerReports.org
  If insurance carriers want to sell health insurance on the Affordable Care Act exchanges in 2018, today is the deadline to file requests for the rates they want to charge. The filings should provide the best look yet at what consumers who plan to buy ...and more »
  
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• QBE Warns Emerging Markets’ Division Hit by Higher Claims

  21-06-2017 17:15
  
  Sydney-based QBE announced that its Emerging Markets’ division has experienced “significantly higher than expected claims activity during the first five months of the year.” As a result, this division is expected to report a first half combined operating ratio of …
  
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• Regulator Fines Contractor Following Oregon Bridge Incident

  21-06-2017 17:09
  
  A contractor has been fined nearly $200,000 for violations discovered after two workers were injured in a mishap on Portland, Ore.’s Ross Island Bridge. Oregon OSHA announced the penalty Monday, following an investigation that found nine safety violations. One of …
  
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• Startup Next Insurance Closes Funding Round Worth $35 Million with Amex Aboard - Insurance Journal

  21-06-2017 16:14
  
  Startup Next Insurance Closes Funding Round Worth $35 Million with Amex Aboard
  Insurance Journal
  Next Insurance, a digital insurance agency for small to medium businesses, announced that American Express Ventures has joined its previously announced Series A Round led by Munich Re/HSB Ventures. In May, Next reported the round had reached $29 ...and more »
  
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• Obamacare faces one of its biggest days yet - Business Insider

  21-06-2017 16:13
  
  Business Insider
  Obamacare faces one of its biggest days yet
  Business Insider
  barack obama Wednesday is a huge day for Barack Obama's signature healthcare law. Win McNamee/Getty Images. Obamacare's insurance exchanges are facing a big day Wednesday. June 21 marks the deadline for insurance companies to indicate ...and more »
  
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• Startup Next Insurance Closes Funding Round Worth $35 Million with Amex Aboard

  21-06-2017 16:12
  
  Next Insurance, a digital insurance agency for small to medium businesses, announced that American Express Ventures has joined its previously announced Series A Round led by Munich Re/HSB Ventures. In May, Next reported the round had reached $29 million and …
  
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• Nearly 30 Million Americans Still Without Health-Insurance ... - The White House (blog)

  21-06-2017 15:46
  The White House (blog)
  Nearly 30 Million Americans Still Without Health-Insurance ...
  The White House (blog)
  In just the first few months of this year, nearly two million people dropped their Obamacare coverage. According to a new report released by the Administration, ...and more »
  
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• Nearly 30 Million Americans Still Without Health-Insurance Coverage - The White House (blog)

  21-06-2017 15:46
  The White House (blog)
  Nearly 30 Million Americans Still Without Health-Insurance Coverage
  The White House (blog)
  In just the first few months of this year, nearly two million people dropped their Obamacare coverage. According to a new report released by the Administration, 12.2 million people signed up for coverage through the Obamacare exchanges in 2017.and more »
  
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• WCRI Researchers Compare States on Injured Workers Returning to Work

  21-06-2017 15:20
  
  From 10 to 18 percent of injured workers never reach “substantial return to work,” according to new research by the Workers Compensation Research Institute (WCRI) comparing outcomes for injured workers in six states. In its study, Comparing Outcomes for Injured Workers, …
  
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• NYC Planners With Sandy Nightmares Say Barrier May Come Too Late

  21-06-2017 14:52
  
  The warming Atlantic Ocean has raised the risk of another Hurricane Sandy. And still, trillions of dollars of real estate and infrastructure near the shores of New York City and northern New Jersey remain vulnerable to devastation. A storm-surge barrier …
  
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• Connecticut Woman Who Lied About Cancer to Avoid Prison Gets 30 Months

  21-06-2017 14:43
  
  A Connecticut woman who lied about having cancer to avoid reporting to prison on a fraud conviction has been sentenced to more than two years behind bars. Aliyah Davis, of East Windsor, Conn., was sentenced to 30 months by a …
  
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• Dangerous Chemical Could Threaten New Jersey Reservoir

  21-06-2017 14:37
  
  A new report says that a dangerous chemical detected in groundwater near a Superfund site in New Jersey could pose a threat to a nearby reservoir that provides drinking water to as many as 3.5 million people. The report by …
  
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• Senate Confirms New FEMA Chief Long

  21-06-2017 14:31
  
  Brock Long was cleared by the Senate to become President Donald Trump’s emergency-management director Tuesday after gaining the support of one unlikely constituency: environmentalists. While climate advocates panned Trump’s selections to head the Environmental Protection Agency and Energy Department, they …
  
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• Lockton Northeast Names Connolly Chairman to Succeed Calabrese

  21-06-2017 14:31
  
  Robert Connolly has been named chairman of Lockton Northeast, succeeding Michael Calabrese, who will continue to serve as vice chairman of Lockton’s Northeast operations. Connolly has been the president of Lockton’s Washington, D.C., office since its founding in 2005. In …
  
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• Travel insurance: Is it worth it? - WBRC FOX6 News - WBRC.com

  21-06-2017 14:23
  
  WBRC FOX6 News - WBRC.com
  Travel insurance: Is it worth it?
  WBRC FOX6 News - WBRC.com
  Strong winds and rain continue to pound the Gulf. Storms are coming right in the middle of vacation season. A lot of people are considering canceling their plans for this week. It's a scene Kristy Mosolino founder of Wishes Travel has seen before ...
  
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• Trump Nominee Kaplan to Tilt Labor Board to Republican Majority

  21-06-2017 13:39
  
  President Donald Trump was poised on Tuesday to nominate Washington lawyer Marvin Kaplan to the National Labor Relations Board, nudging the agency toward a Republican majority that could overturn a series of decisions that have riled businesses. Late on Monday, …
  
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• Ed Taps Execs from Willis Towers Watson & BMS to Grow Professional & Executive Risk Team

  21-06-2017 13:28
  
  Ed, the London-based reinsurance, wholesale and specialty broker, announced the expansion of its professional and executive risks offering with five appointments. The team, led by Paul Richards, managing director, comprises: James Baird, director Neal Hughes, divisional director Rupert Alabaster, divisional …
  
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• U.S. Firms Issue Principles for Fairness in Cyber Risk Ratings Used by Insurers

  21-06-2017 13:20
  
  More than two dozen U.S. companies, including several big banks, have teamed up to establish shared principles that would allow them to better understand their cyber security ratings and to challenge them if necessary, the U.S. Chamber of Commerce said …
  
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• U.S. Firms Issue Principles for Cyber Risk Ratings Used by Insurers

  21-06-2017 13:20
  
  More than two dozen U.S. companies, including several big banks, have teamed up to establish shared principles that would allow them to better understand their cyber security ratings and to challenge them if necessary, the U.S. Chamber of Commerce said …
  
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• UK’s Aviva Selling $1.3B in Tobacco Company Holdings

  21-06-2017 13:07
  
  Aviva, Britain’s biggest life insurer, is selling about 1 billion pounds ($1.3 billion) worth of bonds and shares it holds in tobacco companies, joining a global campaign to divest from the industry. The move by insurance companies to sell holdings in tobacco …
  
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• Report Offers Details But No Finding of Cause of Tesla Crash

  21-06-2017 13:05
  
  The Tesla Model S accident that last year sparked a debate about the car company’s partially autonomous driving tools resulted in a cloud of white dust as the sedan plowed underneath a tractor trailer, a witness told investigators. “Just a …
  
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• Businesses Come Out on Top in Current Supreme Court Term

  21-06-2017 13:01
  
  The U.S. Supreme Court has sided with business interests in a series of cases in its current term, which began in October and is due to end next week. In 19 business-related cases that the U.S. Chamber of Commerce participated …
  
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• A good insurance adjuster must be excited about finding the facts of a claim

  21-06-2017 13:00
  
  For insurers to be ethical, they must believe in and practice integrity.
  
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