Insurance news

• Marsh CEO Zaffino Joins AIG as Global Chief Operating Officer

  05-07-2017 23:46
  
  Brian Duperreault, the new CEO of American International Group (AIG), has tapped Peter Zaffino, a former colleague at insurance broker Marsh, to be executive vice president, global chief operating officer at AIG. In his role at AIG, Zaffino will lead …
  
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• Kraus-Anderson Insurance acquires local agency - Finance and Commerce

  05-07-2017 23:26
  
  Kraus-Anderson Insurance acquires local agency
  Finance and Commerce
  Minneapolis-based Kraus-Anderson Insurance has acquired the operations of Twin Cities-based property and casualty agency Dennis J. Linder & Associates. DJL offers risk management services in the Twin Cities for architects, engineers, land surveyors, ...and more »
  
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• Insurance industry: 2016 set record for Texas hail damage - STLtoday.com

  05-07-2017 23:06
  
  Insurance industry: 2016 set record for Texas hail damage
  STLtoday.com
  AUSTIN, Texas (AP) — Texas homeowners endured an epic year in 2016 when it comes to damage to their homes from hail. The Texas Department of Insurance reports that insured hail-related residential damage topped $5 billion, topping a previous state ...and more »
  
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• Low-Cost Insurance Won't Cover Top Docs: Study - Newsmax

  05-07-2017 23:00
  
  Newsmax
  Low-Cost Insurance Won't Cover Top Docs: Study
  Newsmax
  The nation's top cancer doctors are more likely to be excluded from low-cost health insurance plans offered on the nation's individual market, potentially crimping access to the highest-quality care for Americans when they need it most, a new study found.and more »
  
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• How to reform flood insurance to keep more Americans afloat - The Hill (blog)

  05-07-2017 22:59
  
  The Hill (blog)
  How to reform flood insurance to keep more Americans afloat
  The Hill (blog)
  This summer, Congress is working to reauthorize and reform the National Flood Insurance Program (NFIP). Currently, there are two bills proposed in the Senate and a suite of linked bills proposed in the House. All of these reform efforts would make ...and more »
  
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• Novant 'unjustly enriched itself' off employee retirement plans, insurer says - Charlotte Observer

  05-07-2017 22:39
  
  Charlotte Observer
  Novant 'unjustly enriched itself' off employee retirement plans, insurer says
  Charlotte Observer
  Novant Health paid itself “excessive” amounts out of employee retirement plans and “unjustly enriched itself” from the assets, according to an insurer's reply to a federal lawsuit brought by the Winston-Salem-based health care system. The claims are in ...and more »
  
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• Kansas insurance commissioner, possible gubernatorial candidate advises responsible spending - Topeka Capital Journal

  05-07-2017 22:18
  
  Topeka Capital Journal
  Kansas insurance commissioner, possible gubernatorial candidate advises responsible spending
  Topeka Capital Journal
  Insurance Commissioner Ken Selzer says he would advocate for increasing efficiency and reducing spending as he weighs a run for Kansas governor, a month after lawmakers overrode GOP Gov. Sam Brownback's veto to raise taxes. Selzer, a Leawood ...and more »
  
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• Low-Cost Health Insurance Limits Access to Top Cancer Doctors - Bloomberg

  05-07-2017 22:15
  
  Bloomberg
  Low-Cost Health Insurance Limits Access to Top Cancer Doctors
  Bloomberg
  The nation's top cancer doctors are more likely to be excluded from low-cost health insurance plans offered on the nation's individual market, potentially crimping access to the highest-quality care for Americans when they need it most, a new study found.and more »
  
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• Penn study: Cheaper insurance plans may exclude top cancer doctors - Philly.com

  05-07-2017 22:01
  
  Philly.com
  Penn study: Cheaper insurance plans may exclude top cancer doctors
  Philly.com
  In May, Lesley Glenn went to Tuscany for a vacation. She continues to have no evidence of the breast cancer she fought three years ago. by Marie McCullough, Staff Writer @repopter | [email protected] · Email @repopter ...
  
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• Louisiana Supreme Court gives 'duty to defend' new meaning for insurance lawyers - Greater Baton Rouge Business Report

  05-07-2017 21:59
  
  Louisiana Supreme Court gives 'duty to defend' new meaning for insurance lawyers
  Greater Baton Rouge Business Report
  A ruling by the state Supreme Court has redefined the concept of “duty to defend” for liability insurance companies, according to the Kean Miller business insurance group attorneys Mark Mese, from left, Todd Rossi and Michael deBarros. (Photo by Collin ...
  
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• Alternatives to long-term care insurance - DesMoinesRegister.com

  05-07-2017 21:57
  Alternatives to long-term care insurance
  DesMoinesRegister.com
  The costs of long-term care can be overwhelming, potentially exhausting retirement income and savings. You may be thinking about buying long-term care insurance (LTCI) to help cover some of the potential costs of long-term care, but LTCI can be ...
  
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• Insurance commissioner, possible gubernatorial candidate advises responsible spending - Topeka Capital Journal

  05-07-2017 21:53
  
  Insurance commissioner, possible gubernatorial candidate advises responsible spending
  Topeka Capital Journal
  Insurance Commissioner Ken Selzer says he would advocate for increasing efficiency and reducing spending as he weighs a run for Kansas governor, a month after lawmakers overrode GOP Gov. Sam Brownback's veto to raise taxes. Selzer, a Leawood ...and more »
  
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• EU insurance regulator calls for harmonized plan for failing firms - Reuters

  05-07-2017 21:36
  
  EU insurance regulator calls for harmonized plan for failing firms
  Reuters
  FRANKFURT The European Union's insurance industry regulator called on Wednesday for a harmonized scheme to deal with failing insurers, saying it would enhance financial stability and protect policyholders. The European Insurance and Occupational ...and more »
  
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• Republican Tulsa Lawmaker to Seek Oklahoma Insurance Post - U.S. News & World Report

  05-07-2017 21:15
  Republican Tulsa Lawmaker to Seek Oklahoma Insurance Post
  U.S. News & World Report
  A Republican state legislator from Tulsa has filed candidacy paperwork indicating he plans to run for Oklahoma Insurance Commissioner in 2018. July 5, 2017, at 3:12 p.m.. MORE. LinkedIn · StumbleUpon · Google +; Cancel. Republican Tulsa Lawmaker to ...and more »
  
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• 9 trending topics impacting the Baton Rouge insurance market - Greater Baton Rouge Business Report

  05-07-2017 21:01
  
  9 trending topics impacting the Baton Rouge insurance market
  Greater Baton Rouge Business Report
  The Louisiana Flood of 2016 put a further strain on the National Flood Insurance Program, which Congress must renew by the end of September. (File photo). In the insurance business, as in life in general, the only constant is change. “Throughout the ...and more »
  
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• Emerging markets drive property/casualty insurer growth - Business Insurance

  05-07-2017 20:16
  
  Business Insurance
  Emerging markets drive property/casualty insurer growth
  Business Insurance
  Emerging markets, particularly China, are driving commercial insurance growth globally, according to a new sigma study released Wednesday by Swiss Re Ltd. Property/casualty global premiums rose by 3.7% in 2016, with China and other emerging markets ...and more »
  
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• 3 takeaways from the 2017 Cost of Data Breach Study

  05-07-2017 20:15
  
  The annual Cost of Data Breach study examines both direct and indirect costs to companies in dealing with a single data breach incident.
  
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• Legal Minute with Phil Harding: Your Insurance vs. Their Insurance - FOX31 Denver

  05-07-2017 19:03
  
  FOX31 Denver
  Legal Minute with Phil Harding: Your Insurance vs. Their Insurance
  FOX31 Denver
  After an accident, you want to be cordial, exchange information, talk to the police and insurance companies. But Colorado's Best Legal Expert Phil Harding reminds us that we need to be careful who we speak to and what we say, because not everyone has ...
  
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• Around the P&C insurance industry: July 5, 2017

  05-07-2017 18:45
  
  News from Guy Carpenter & Co. LLC, Zurich Insurance Group, Burns & Wilcox and more.
  
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• Retailer Menards Loses Appeal in Michigan Parking Lot Injury Case

  05-07-2017 18:39
  
  Months after hearing arguments, the Michigan Supreme Court has decided to stay out of a personal-injury case at a big-box store that could have consequences for retailers statewide. The court said it will let an appeals court decision stand against …
  
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• Farmers Insurance to Pay $100K in 2015 Oklahoma State Homecoming Crash - Insurance Journal

  05-07-2017 18:36
  
  Farmers Insurance to Pay $100K in 2015 Oklahoma State Homecoming Crash
  Insurance Journal
  An insurance provider whose imprisoned client drove into a crowd at Oklahoma State University's 2015 homecoming parade will provide $100,000 to the victims. A judge is expected to decide how the money will be divided during an August hearing, The ...
  
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• Farmers Insurance to Pay $100K in 2015 Oklahoma State Homecoming Crash

  05-07-2017 18:35
  
  An insurance provider whose imprisoned client drove into a crowd at Oklahoma State University’s 2015 homecoming parade will provide $100,000 to the victims. A judge is expected to decide how the money will be divided during an August hearing, The …
  
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• Hike in Michigan Auto Catastrophic Claim Fee Now in Effect

  05-07-2017 18:32
  
  The cost of owning a car or truck in Michigan has gone up by $10. Effective July 1, the Catastrophic Claims Association will now collect $170 per registered vehicle, up from $160. The insurance fund was created to reimburse insurers …
  
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• Did the insured prove that ‘bad vibrations’ from a construction project damaged her home?

  05-07-2017 18:30
  
  Construction vibrations can cause damage, but how do you prove it when a house also shows normal wear and tear?
  
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• 2016 Texas Hail Losses Exceed $5B

  05-07-2017 18:30
  
  Wind and hail loss information for 2016 released recently by the Texas Department of Insurance (TDI) show that homeowner losses from hail in Texas were the highest annual losses ever recorded, as they exceeded $5 billion, the Insurance Council of …
  
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• Train Derails, Spills 20K Gallons of Exxon’s Oil in Illinois

  05-07-2017 18:27
  
  About 20,000 gallons of crude oil belonging to Exxon Mobil Corp. was released after a Canadian National Railway Co. freight train derailed on June 30 at Plainfield, Illinois. The cause of the derailment was unknown, a filing with the Illinois …
  
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• Experienced Insurance Transactional and Regulatory Lawyers John Sarchio and Richard Liskov Join Crowell ... - PR Newswire (press release)

  05-07-2017 17:05
  
  PR Newswire (press release)
  Experienced Insurance Transactional and Regulatory Lawyers John Sarchio and Richard Liskov Join Crowell ...
  PR Newswire (press release)
  NEW YORK, July 5, 2017 /PRNewswire-USNewswire/ -- Crowell & Moring LLP is pleased to announce the addition of John Sarchio and Richard G. Liskov to the firm's Insurance/Reinsurance and Corporate groups; they join, respectively, as partner and senior ...and more »
  
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• Homes Near Northern Arizona Wildfire Have Evacuations Lifted

  05-07-2017 17:04
  
  Homeowners in northern Arizona were given the green light to return days after being displaced by a fast-moving wildfire, while residents more than 200 miles away fled their homes after a blaze forced an evacuation of a small mountain community …
  
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• Bus Rollover on Arizona Freeway Kills 1, Injures 8

  05-07-2017 17:02
  
  A bus driver was killed and eight passengers injured when a tire failed and the driver lost control of the bus carrying support staff from an Illinois drum corps. The bus drove over the median before tumbling onto its left …
  
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• Wildfire Forces Evacuations in Rural California Town

  05-07-2017 16:58
  
  Crews have stopped the forward progress of a small wildfire in Central California that has triggered evacuations in a rural area north of Fresno. The California Department of Forestry and Fire Protection says the 225-acre blaze was more than 15 …
  
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• Insurance commissioner wades in to health insurance row - Insurance Business

  05-07-2017 16:58
  
  Insurance Business
  Insurance commissioner wades in to health insurance row
  Insurance Business
  Insurance commissioner wades in to health insurance row The Pennsylvania insurance commissioner has publically called her state senator's health care stance “irresponsible and frightening”. Insurance Commissioner Teresa Miller released a statement ...
  You could be paying too much for your college kid's health insuranceWashington Post
  Senate health bill threatens to leave vulnerable Mai
  
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• Insurance Basics: Homeowners - CBS Boston / WBZ

  05-07-2017 16:47
  
  CBS Boston / WBZ
  Insurance Basics: Homeowners
  CBS Boston / WBZ
  BOSTON (CBS) – For most folks, your home is the largest tangible asset you own. You need to protect it with insurance. When you purchase homeowner's insurance you usually get coverage for lots more than the structure of the house. Most of us own an ...
  
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• Everest Insurance Adds Zurich's Hunter in Western US - Insurance Journal

  05-07-2017 16:41
  
  Everest Insurance Adds Zurich's Hunter in Western US
  Insurance Journal
  Everest Re Group Ltd. has named Molly Hunter as a vice president on the marketing and distribution team in the Western U.S. region. Hunter most recently was a senior vice president and global relationship leader at Zurich North America in Seattle, Wash.
  
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• Everest Insurance Adds Zurich’s Hunter in Western U.S.

  05-07-2017 16:41
  
  Everest Re Group Ltd. has named Molly Hunter as a vice president on the marketing and distribution team in the Western U.S. region. Hunter most recently was a senior vice president and global relationship leader at Zurich North America in …
  
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• House Republicans consider repeal of ObamaCare's insurance mandate - The Hill

  05-07-2017 16:35
  
  The Hill
  House Republicans consider repeal of ObamaCare's insurance mandate
  The Hill
  House Republicans are looking to repeal an ObamaCare requirement that all Americans have insurance or pay a penalty. An appropriations bill approved last week by the Subcommittee on Financial Services and General Government includes language that ...
  Senate health bill threatens to leave vulnerable Maine children without health insuranceBangor Daily News
  Letters: Health insurance, Bob CorkerKnoxville News
  
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• Rising water and insurance rates threaten Louisiana's Cajun culture - Christian Science Monitor

  05-07-2017 16:34
  
  Christian Science Monitor
  Rising water and insurance rates threaten Louisiana's Cajun culture
  Christian Science Monitor
  Lafourche Parish has seen a 10 percent decline in residency since hurricane Katrina hit the region in 2005. Environmental concerns have hiked insurance rates substantially over the past decade in flood-prone areas, threatening the survival of culture ...and more »
  
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• The First Tee Southeast Pure Insurance Championship participants - Golf Channel

  05-07-2017 16:13
  
  The First Tee Southeast Pure Insurance Championship participants
  Golf Channel
  Lauren Thompson reveals to The First Tee participant Meredith Kiernan of the Southeast region that she that will compete in the Pure Insurance Championship at Pebble Beach. PlaylistTrending. The First Tee Southeast Pure Insurance Championship ...and more »
  
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• 2017 Pure Insurance Champ: The First Tee Southeast | Golf Channel - Golf Channel

  05-07-2017 16:13
  
  2017 Pure Insurance Champ: The First Tee Southeast | Golf Channel
  Golf Channel
  Lauren Thompson reveals to The First Tee participant Meredith Kiernan of the Southeast region that she that will compete in the Pure Insurance Championship ...and more »
  
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• Liberty Mutual Prevails in $3.6M ‘Guaranteed Cost’ Workers’ Comp Premium Case

  05-07-2017 15:48
  
  Liberty Mutual Insurance Co. has won a case against a company that refused to pay $3.64 million in additional workers’ compensation premium after a payroll audit revealed it had more high risk employees than originally claimed. The U.S. District Court …
  
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• NTSB Heading Investigation into Fatal Pennsylvania Natural Gas Explosion

  05-07-2017 15:34
  
  The National Transportation Safety Board is leading the investigation into an apparent natural gas explosion that destroyed a Pennsylvania home and killed a utility worker. The UGI Utilities worker was checking out a reported gas odor when the house in …
  
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• Connecticut Insurers: Homes Must Fall Down to be Eligible for Coverage

  05-07-2017 15:31
  
  Connecticut residents whose home foundations are crumbling are facing a perplexing problem with their insurance policies: The damage won’t be covered unless their homes collapse. More than two dozen insurance companies being sued in federal court by 40 homeowners recently …
  
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• Should Retirees Have Life Insurance? - WSJ - Wall Street Journal (subscription)

  05-07-2017 15:24
  
  Wall Street Journal (subscription)
  Should Retirees Have Life Insurance? - WSJ
  Wall Street Journal (subscription)
  The conventional wisdom says no. But that isn't necessarily the case.and more »
  
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• Should Retirees Have Life Insurance? - Wall Street Journal (subscription)

  05-07-2017 15:24
  
  Wall Street Journal (subscription)
  Should Retirees Have Life Insurance?
  Wall Street Journal (subscription)
  Conventional wisdom suggests you don't need life insurance during retirement. By this point, the children are likely grown and financially self-sufficient and you've amassed a sizable enough nest egg to make life insurance superfluous. Or so the ...and more »
  
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• Buy Gold Near $1200 “As Insurance” – UBS Wealth - Gold Seek

  05-07-2017 15:24
  Gold Seek
  Buy Gold Near $1200 “As Insurance” – UBS Wealth
  Gold Seek
  Unsurprisingly the successfully tested and launched intercontinental ballistic missile (ICBM) was not well received. US Secretary of State Rex Tillerson called the move a “new escalation of the threat” to the U.S. and its allies and that “global action ...and more »
  
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• Two Brothers in New Jersey Sentenced for Roles in Accident Insurance Scheme - Insurance Journal

  05-07-2017 15:07
  
  Patch.com
  Two Brothers in New Jersey Sentenced for Roles in Accident Insurance Scheme
  Insurance Journal
  Two brothers who organized a scheme to recruit motor vehicle accident victims as patients for chiropractic facilities they controlled have been sentenced to more than six years in state prison. The sentences imposed last month also require that 54-year ...
  Colts Neck Brothers Sentenced For Insurance Fraud RingPatch.comall 3 news articles »
  
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• Two Brothers in New Jersey Sentenced for Roles in Accident Insurance Scheme

  05-07-2017 15:07
  
  Two brothers who organized a scheme to recruit motor vehicle accident victims as patients for chiropractic facilities they controlled have been sentenced to more than six years in state prison. The sentences imposed last month also require that 54-year-old Anhuar …
  
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• Action 9 exposes delays in insurance claim payments - WFTV Orlando

  05-07-2017 15:05
  
  WFTV Orlando
  Action 9 exposes delays in insurance claim payments
  WFTV Orlando
  Action 9 exposed an insurance nightmare facing hundreds of customers who paid one of Florida's biggest insurers to protect their homes. The kitchen's gutted walls are cut open, and the floors have been stripped. That's the condition of Adrienne Herrell ...and more »
  
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• Chubb Launches New MasterPackage Policy for Tech Firms in UK, Ireland

  05-07-2017 14:58
  
  Chubb has announced the launch of an expanded MasterPackage solution for technology companies domiciled in the UK and Ireland. The company described it as a comprehensive first and third party policy catering specifically “for the unique insurance needs of technology developers, …
  
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• Aetna Settles on New York for New Headquarters in 2018

  05-07-2017 14:46
  
  Aetna Inc., the third-largest U.S. health insurer, will move its corporate headquarters to New York City next year, making it the latest company to leave Connecticut as the state raises taxes and deals with a budget deficit. New York will …
  
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