Insurance news

• The Senate Should Offer a Range of Options to Encourage Continuous Insurance Coverage - Daily Signal

  26-06-2017 22:53
  
  Daily Signal
  The Senate Should Offer a Range of Options to Encourage Continuous Insurance Coverage
  Daily Signal
  Obamacare's subsidies to lower-income individuals and the mandate to buy health insurance have failed to curb a perverse incentive that still plagues the law. (Photo: iStock Photos). Commentary By. Portrait of Edmund Haislmaier · Edmund Haislmaier.and more »
  
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• Apple, Cisco team up to push for cyber security insurance discounts - CNBC

  26-06-2017 22:27
  
  CNBC
  Apple, Cisco team up to push for cyber security insurance discounts
  CNBC
  Apple is working with Cisco to help businesses that primarily use gear from both companies to get a discount on cyber-security insurance premiums. Cook said the combination of gear from the two companies was more secure than the use of competing ...
  Apple's Cook promises security insurance discount at Cisco eventAppleInsider (press release) (blog)all 15 news articles »
  
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• Illinois State Treasurer outlines Life Insurance Reform Act in QCA - KWQC-TV6

  26-06-2017 22:06
  
  KWQC-TV6
  Illinois State Treasurer outlines Life Insurance Reform Act in QCA
  KWQC-TV6
  Moline, ILLINOIS (KWQC) Illinois State Treasurer Michael Frerichs was in Moline Monday, calling on Governor Bruce Rauner to sign the Life Insurance Reform Act, which would require life insurance companies to search their records and confirm they are ...
  
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• New crop insurance aimed at NY craft brewing - Times Union - Albany Times Union

  26-06-2017 22:02
  
  Albany Times Union
  New crop insurance aimed at NY craft brewing - Times Union
  Albany Times Union
  Daniel Sweeney, a graduate student at Cornell University, works in plots of experimental barley varieties that that could help fuel the state's craft brewing ...and more »
  
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• New crop insurance aimed at NY craft brewing - Albany Times Union

  26-06-2017 22:02
  
  Albany Times Union
  New crop insurance aimed at NY craft brewing
  Albany Times Union
  Daniel Sweeney, a graduate student at Cornell University, works in plots of experimental barley varieties that that could help fuel the state's craft brewing movement. Daniel Sweeney, a graduate student at Cornell University, works in plots of ...
  
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• Report: Many CT Consumers Don't Understand Their Health ... - Hartford Courant

  26-06-2017 21:29
  
  Report: Many CT Consumers Don't Understand Their Health ...
  Hartford Courant
  Many consumers who obtain insurance through Connecticut's health care exchange don't understand the plans they buy—and can struggle to access care as a ...and more »
  
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• How to Discourage Health Insurance Lapses? GOP Tries New Approach - New York Times

  26-06-2017 21:18
  
  New York Times
  How to Discourage Health Insurance Lapses? GOP Tries New Approach
  New York Times
  Senate Republicans made only one big change in a new version of their Senate health bill released Monday: They added a penalty for Americans who let their insurance lapse for 63 days or more. Under the new provision, those who go without insurance will ...
  Anthem Says Senate Health Bill Will Bolster Individual Insurance MarketWall Street Journal (subscription)all 7 news articles »
  
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• Insurance Giants in Americas Court Aussie Firms for Debt Deals - Bloomberg

  26-06-2017 21:16
  
  Bloomberg
  Insurance Giants in Americas Court Aussie Firms for Debt Deals
  Bloomberg
  Australian companies hunting for bespoke debt deals are finding willing lenders in the Americas, where low interest rates have prompted investors to venture further abroad for yield. With nearly 40 percent of the world's bonds yielding less than 1 ...
  
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• White House threatens to sabotage insurance of low-income people if Trumpcare isn't passed - ThinkProgress

  26-06-2017 21:05
  
  ThinkProgress
  White House threatens to sabotage insurance of low-income people if Trumpcare isn't passed
  ThinkProgress
  White House press secretary Sean Spicer arrives for the daily news briefing at the White House on Monday. CREDIT: AP Photo/Alex Brandon. During an off-camera briefing on Monday, Press Secretary Sean Spicer signaled that the Trump administration is ...and more »
  
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• Apple, Cisco Want Cyber Security Insurance Discount for Joint Customers - New York Times

  26-06-2017 20:48
  
  Apple, Cisco Want Cyber Security Insurance Discount for Joint Customers
  New York Times
  (Reuters) - Apple Inc is working with Cisco Systems to help businesses that primarily use gear from both companies to obtain a discount on cyber-security insurance premiums, Apple Chief Executive Tim Cook told Cisco CEO Chuck Robbins onstage at a ...and more »
  
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• Alliant Said to Hold Lead to Buy Wells Fargo Insurance Brokerage - Bloomberg

  26-06-2017 20:22
  
  Bloomberg
  Alliant Said to Hold Lead to Buy Wells Fargo Insurance Brokerage
  Bloomberg
  The San Francisco-based bank could announce a sale of its Wells Fargo Insurance Services USA brokerage within weeks, said the people, who asked not to be identified because the matter isn't public. A deal hasn't been completed and the talks could fall ...and more »
  
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• All Colorado counties will have Obamacare insurance plans in 2018 - Aspen Times

  26-06-2017 20:03
  
  Aspen Times
  All Colorado counties will have Obamacare insurance plans in 2018
  Aspen Times
  DENVER — The good news is that individuals in every Colorado county will have access in 2018 to at least one health insurance plan through the state's exchange. The bad news is that health insurance will likely cost more, but we won't know how much ...and more »
  
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• Anthem agrees to $115 million settlement over data breach

  26-06-2017 19:39
  
  Anthem agreed to pay $115 million to resolve consumer claims over a 2015 cyber-attack that compromised data on 78.8 million people, marking what attorneys in the case called the largest data-breach settlement in history.
  
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• Individual health insurance to be offered in 2 rural Washington ... - The Seattle Times

  26-06-2017 19:23
  
  The Seattle Times
  Individual health insurance to be offered in 2 rural Washington ...
  The Seattle Times
  When insurers submitted their proposed plans and rates for 2018, none had offered to cover the market for individual plans in Klickitat and Grays Harbor ...
  Klickitat County finally gets two insurance companies to sell health care plansThe Spokesman-Reviewall 4 news articles »
  
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• Individual health insurance to be offered in 2 rural Washington counties after all - Seattle Times

  26-06-2017 19:23
  
  Seattle Times
  Individual health insurance to be offered in 2 rural Washington counties after all
  Seattle Times
  Washington Insurance Commissioner Mike Kreidler announced Monday that Molina Healthcare of Washington and Bridgespan Health Company would offer individual health-insurance plans in Klickitat County. He announced last week that Premera Blue ...and more »
  
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• Tropical Storm Cindy Drenches Southeast

  26-06-2017 18:54
  
    Floodwaters from Tropical Storm Cindy covered timberland and fields across the rural Deep South on Saturday, but the sun peeked out enough to offer hope that the worst was over. Swollen by heavy rains and flowing quickly, the Chickasawhay …
  
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• Lloyd's of London to cut 10% of U.K. staff as rates bite

  26-06-2017 18:52
  
  Lloyd’s plans to introduce a new organization structure in the fourth quarter and the job cuts will be part of that change.
  
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• Anthem Says Senate Health Bill Will Bolster Individual Insurance Market - Wall Street Journal (subscription)

  26-06-2017 18:41
  
  Wall Street Journal (subscription)
  Anthem Says Senate Health Bill Will Bolster Individual Insurance Market
  Wall Street Journal (subscription)
  Anthem Inc. said it believes that the Senate Republicans' health bill will bolster the individual insurance market, an endorsement for the legislation as many other insurers have suggested it could undermine the marketplaces created by the Affordable ...and more »
  
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• Opposition to Christie's Horizon Blue Cross insurance bill grows - Planet Princeton

  26-06-2017 18:36
  
  Opposition to Christie's Horizon Blue Cross insurance bill grows
  Planet Princeton
  New Jersey Governor Chris Christie wants to use reserve funds from the state's largest insurer, Horizon Blue Cross Blue Shield of New Jersey, to pay for other state programs. Opponents of his proposal say the move would amount to a tax on Horizon ...and more »
  
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• Texas Ex-Track Coach’s Discrimination Suit to Proceed

  26-06-2017 18:29
  
  The Texas Supreme Court has refused to block a sex and race discrimination lawsuit filed against the University of Texas by former women’s track coach Bev Kearney, who was forced out after the school learned of a romantic relationship with …
  
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• Oklahoma’s Tulsa County to Pay Ex-Deputy $138K in Wrongful Termination Suit

  26-06-2017 18:26
  
  Tulsa County has agreed to pay nearly $138,000 to a former sheriff’s deputy to settle a wrongful termination lawsuit that claimed he and others were ousted in fallout from the fatal shooting of an unarmed black man in 2015. County …
  
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• Lloyd’s to Cut 10% of UK Employees on Soft Market Pricing Pressures

  26-06-2017 18:25
  
  Lloyd’s of London is planning to cut 10 percent of its staff in the UK as the world’s oldest insurance market looks to streamline operations and reduce costs amid continued pricing pressure on its members. Lloyd’s plans to introduce a …
  
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• Missouri Judge OKs $1.5M Settlement in Brown Family Wrongful Death Suit

  26-06-2017 18:22
  
  A federal judge in St. Louis on June 20 approved a $1.5 million settlement in a wrongful death lawsuit filed by Michael Brown Sr. and Lezley McSpadden. Their 18-year-old son was unarmed on Aug. 9, 2014, when he was fatally …
  
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• Jury Says Syngenta Must Pay Kansas Farmers $217.7M in GMO Corn Case

  26-06-2017 18:15
  
  A U.S. jury has ordered Syngenta AG to pay $217.7 million to more than 7,000 Kansas farmers over its decision to commercialize a genetically modified strain of corn before China approved importing it. The June 23 verdict by a federal …
  
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• 2017 Travelers Championship brings in more than $1.6 million for charity

  26-06-2017 18:13
  
  While Jordan Spieth's shot on the 18th hole may have stolen the show, Travelers $1.6 million for charity is the real hole in one.
  
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• Halter Named Director of AF Specialty

  26-06-2017 18:10
  
  AF Group, headquartered in Lansing, Mich., has appointed Eric Halter as director of AF Specialty, a new brand focused on providing fronting capacity to insurance carriers, managing general agents, reinsurance intermediaries and captive managers. Halter will partner with entities who …
  
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• Existing EU Contracts Must Be ‘Grandfathered’ After Brexit to Avoid Complexity: Lloyd’s CEO Beale

  26-06-2017 18:07
  
  Existing European Union insurance policies should stay in place after Britain leaves the bloc because the process of dividing them into British and EU contracts would be too complex, Lloyd’s of London Chief Executive Inga Beale said. The Lloyd’s of …
  
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• Number of Compound Drug Prescriptions Falling in Texas Workers’ Comp System

  26-06-2017 18:03
  
  A report released in May by the Texas Department of Insurance – Division of Workers’ Compensation shows that while the number of compounded drug prescriptions in the workers’ comp system grew between 2010 and 2014, there was a steady decrease …
  
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• EU Insurance Contracts Should Stay in Place Post-Brexit-Lloyd's of London - New York Times

  26-06-2017 17:53
  
  EU Insurance Contracts Should Stay in Place Post-Brexit-Lloyd's of London
  New York Times
  LONDON — Existing European Union insurance policies should stay in place after Britain leaves the bloc because the process of dividing them into British and EU contracts would be too complex, Lloyd's of London Chief Executive Inga Beale said.and more »
  
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• GOP will propose coverage delay to address those with insurance gaps - Washington Examiner

  26-06-2017 17:45
  
  Washington Examiner
  GOP will propose coverage delay to address those with insurance gaps
  Washington Examiner
  Senate Republican leaders are expected to issue a revised healthcare reform plan Monday that would address those with healthcare coverage gaps by imposing a six-month delay, according to a GOP aide. Republicans are working on revisions to their ...and more »
  
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• Study: Many consumers don't understand health insurance policies - CT Post

  26-06-2017 17:18
  
  Study: Many consumers don't understand health insurance policies
  CT Post
  Many consumers who obtain insurance through Connecticut's health care exchange don't understand the plans they buy — and can struggle to access care as a result, according to a new report. Insurance plans typically use complicated language that is ...and more »
  
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• AIR Worldwide Launches Crop Hail Model for Canada

  26-06-2017 17:12
  
  Catastrophe risk modeling firm AIR Worldwide announced it has released a Crop Hail Model for Canada to provide crop insurers with a probabilistic view of crop hail risk in Canada. Based on 10,000 simulations of potential annual hail activity, the …
  
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• RPG Promotes D’Onofrio to CEO of WKFC Underwriting and CorRisk

  26-06-2017 17:09
  
  Ryan Specialty Group (RSG) announced that Dawn D’Onofrio has been promoted to chief executive officer and president of WKFC Underwriting Managers and CorRisk Solutions. D’Onofrio previously served as chief underwriting officer for both RSG subsidiaries. As CUO since 2011, D’Onofrio …
  
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• Utah Tattoo Parlor Settles with Man Who Has HIV

  26-06-2017 16:55
  
  A 27-year-old Utah college student with HIV has reached a settlement with a tattoo parlor that denied him service based on his medical condition. The Salt Lake Tribune reported that denying the student service was a violation of the Americans …
  
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• $300K Settlement in 2012 Utah Fire to be Paid by Insurer

  26-06-2017 16:52
  
  Utah officials have reached a $300,000 settlement with a man accused of starting a 2012 fire that led to the evacuation than 1,000 northwestern Utah homes. The Daily Herald reported the Utah County Commission approved the settlement with Kenneth Nielsen …
  
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• California Assembly Speaker Sidelines Single Payer Bill until 2018

  26-06-2017 16:39
  
  California Association of Health Underwriters President Rick Coburn applauded actions taken by Assembly Speaker Anthony Rendon, D-Lakewood, to sideline a bill that would create a single payer healthcare system in the state until next year. The Speaker postponed any further …
  
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• Hartford Group to Transfer 29% of Pension Liabilities to Pru

  26-06-2017 16:34
  
  Insurer Hartford Financial Services Group Inc. said on Monday it would transfer $1.6 billion, or 29 percent, of its pension liabilities to Prudential Financial Inc. Hartford is the latest U.S. firm to transfer its pension obligations as rising interest rates …
  
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• AI could create more human jobs in insurance – company chief - Insurance Business America

  26-06-2017 16:33
  
  Insurance Business America
  AI could create more human jobs in insurance – company chief
  Insurance Business America
  AI could create more human jobs in insurance – company chief Here's a novel thought: introducing artificial intelligence into insurance could actually create jobs, rather than stripping them away. That not just pie-in-the-sky daydreaming, that's the ...
  
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• Supreme Court to Review Retaliation Protections for Whistleblowers

  26-06-2017 16:28
  
  The U.S. Supreme Court agreed on Monday to take up a case that promises broad implications for when corporate insiders who blow the whistle on alleged misconduct can be shielded from retaliation by their employers. The justices will hear Digital …
  
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• Dem senator blames Trump administration for health insurance problems - Washington Times

  26-06-2017 16:24
  
  Washington Times
  Dem senator blames Trump administration for health insurance problems
  Washington Times
  A protester waves a placard during a rally, Friday, June 23, 2017, in downtown Denver, against the Republican health bill that was recently unveiled in the U.S. Senate. More than 100 protesters crowded the sidewalk outside the building in which ... more >.and more »
  
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• Millennials are paying more attention to insurance brands - HR Dive

  26-06-2017 16:14
  
  Millennials are paying more attention to insurance brands
  HR Dive
  With more disposable income and evolving family needs, millennials are paying more attention to insurance brands, according to a new survey, says Benefits Pro. Harris Poll's 29th annual survey, the EquiTrend Study, found that millennials are ...and more »
  
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• Insurance study ties legal marijuana to boost in auto crash claims - Santa Rosa Press Democrat

  26-06-2017 16:07
  
  Santa Rosa Press Democrat
  Insurance study ties legal marijuana to boost in auto crash claims
  Santa Rosa Press Democrat
  Find more in-depth cannabis news, culture and politics at EmeraldReport.com, authoritative marijuana coverage from the PD. DENVER - A recent insurance study links increased car crash claims to legalized recreational marijuana. The Highway Loss Data ...
  Insurance study ties legal pot to boost in car crash claimsFox News
  Insurance group releases collision data for legal pot
  
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• Former Connecticut Software Company Manager Gets 2 Years for Taking $1.7M

  26-06-2017 15:41
  
  A former payroll manager at a Connecticut software company has been sentenced to two years in federal prison after she acknowledged stealing $1.7 million from her job. The U.S. attorney’s office says 46-year-old Penny Roy, of Wethersfield, Conn., was sentenced …
  
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• Powered by Homegrown Insurtech, HCI to Expand Flood Insurance Sales to 9 States - Insurance Journal

  26-06-2017 15:18
  
  Insurance Journal
  Powered by Homegrown Insurtech, HCI to Expand Flood Insurance Sales to 9 States
  Insurance Journal
  As Congress tries to figure out how to change the federal flood insurance program to encourage more private insurer involvement, one Florida insurer isn't waiting to wade deeper into the private flood insurance business. It is taking its Florida flood ...
  American Integrity Launches Private, Certified Flood Insurance Endorsement for HomeownersBusiness Wire (press release)all 2 new
  
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• Massachusetts Worker Injured on the Job Wins $750K Jury Award

  26-06-2017 15:14
  
  A Massachusetts jury has recently awarded $750,000 to a man who suffered severe leg injuries while working for a landscaping business that did not carry workers’ compensation insurance. A lawyer for 52-year-old Jose Hernandez tells The Berkshire Eagle that her client …
  
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• Powered by Homegrown Insurtech, HCI to Expand Flood Insurance Sales to 9 States

  26-06-2017 15:12
  
  As Congress tries to figure out how to change the federal flood insurance program to encourage more private insurer involvement, one Florida insurer isn’t waiting to wade deeper into the private flood insurance business. It is taking its Florida flood …
  
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