Thu, 31 Jul 2014 01:02:36 +0000
A decision by California Insurance Commissioner Dave Jones to fine UnitedHealth Group $173.6 million for violations having to do with the Unfair Business Practices Act, the Unfair Insurance Practice Act and unfair claims settlements may be a wakeup ca...
Wed, 30 Jul 2014 18:23:32 +0000
The Insurance Industry Charitable Foundation (IICF) has named Sarah Conway executive director of its Texas/Southeast Division, headquartered in Dallas. Conway will be responsible for leading the IICF’s charitable and philanthropic initiatives in the ...
Wed, 30 Jul 2014 17:36:45 +0000
New York University’s Langone Medical Center is getting over $1 billion to repair damage from Sandy and protect against future storms. New York Sen. Charles Schumer said Tuesday that the “lump sum” has been authorized by the Federal Emergency Managemen...
Wed, 30 Jul 2014 16:59:28 +0000
A U.S. Senate committee today conducted a hearing titled “The Flood Insurance Claims Process in Communities After Sandy: Lessons Learned and Potential Improvements,” where lawmakers had a chance to listen to the insurance industry’s lessons learned fro...
Wed, 30 Jul 2014 16:49:27 +0000
Police in North Texas say they’ve arrested a man who became upset with his wife and drove his car into their home, trapping the woman in the rubble. Firefighters in the Dallas suburb of Cedar Hill worked early on July … The article Arguing With Wife, T...
Wed, 30 Jul 2014 16:47:34 +0000
Amelia, Ohio-based American Modern Insurance Group has promoted two team members to senior positions within the organization. Elvia Alaniz was named vice president of the sales west region and Sheri Wilson was appointed national account manager. Alaniz...
Wed, 30 Jul 2014 16:41:26 +0000
Combined Group, a wholesaler of commercial insurance based in Dallas, has released a new exclusive insurance program available for drycleaners, drycleaner plants, drycleaner receiving stations, commercial launderers, linen suppliers, uniform rental fir...
Wed, 30 Jul 2014 16:37:11 +0000
How are agencies targeting new business today? Will historical growth rates be sustainable? And just how much do agencies need to reinvest to achieve desired growth and enable perpetuation? These are some of the questions that a new industry survey … T...
Wed, 30 Jul 2014 16:34:44 +0000
Safety National Casualty Corp., a provider of excess workers’ compensation insurance and large casualty multi-line offerings, has opened a regional office in Dallas, Texas. The Dallas office is the sixth regional office opened by Safety National in t...
Wed, 30 Jul 2014 16:30:45 +0000
The top federal prosecutors from South Dakota and North Dakota say they have increased their efforts to fight health care fraud. U.S. Attorney Brendan Johnson of South Dakota said he has restructured his office to allow lawyers in the criminal … The ar...
Wed, 30 Jul 2014 16:27:38 +0000
The U.S. Geological Survey says an earthquake with a preliminary magnitude of 4.3 struck northern Oklahoma on Monday night. The USGS reports the quake with an epicenter about 15 miles west-southwest of Medford hit around 9:45 p.m. at a depth … The arti...
Wed, 30 Jul 2014 16:22:45 +0000
A new state requirement for the home building industry was published this week in Minnesota. It means a sprinkler system is required for new houses larger than 4,500 square feet beginning in January. Eden Prairie Fire Chief George Esbensen says … The a...
Wed, 30 Jul 2014 16:19:38 +0000
Wholesale insurance broker and managing general agent, Worldwide Facilities Inc., announced that Rick Burns has joined its Houston, Texas, office as senior vice president and product development officer. Worldwide’s Houston office primarily serves th...
Wed, 30 Jul 2014 16:15:09 +0000
A group testing West Coast waters for radiation from a damaged Japanese nuclear power plant says no evidence of contamination has been found in Oregon. Massive amounts of contaminated water were released from the Fukushima nuclear power plant in Japan ...
Wed, 30 Jul 2014 16:12:17 +0000
A private drone trying to record footage of a Northern California wildfire nearly hindered efforts to attack the flames from the air, but firefighters made enough progress to allow most of the 1,200 people under evacuation orders to return home … The a...
Wed, 30 Jul 2014 15:43:34 +0000
The Pennsylvania Public Utility Commission has set separate two-day hearings next month to consider permanent licenses for ride-sharing companies Uber and Lyft. The PUC last week gave the San Francisco-based firms temporary permission to operate until ...
Wed, 30 Jul 2014 15:41:28 +0000
Heffernan Insurance Brokers recently hired Patrick Rohan to join its New York office as an associate vice president. Rohan will focus on building the nonprofits and municipalities niche practices for Heffernan. Rohan is a former producer and account ma...
Wed, 30 Jul 2014 15:36:10 +0000
Some residents in the coastal city of Revere, Massachusetts, remained out of their damaged homes while others continued cleaning up Tuesday after a rare tornado that struck just north of Boston. Monday’s storm hit Revere, a coastal city of about … The ...
Wed, 30 Jul 2014 14:48:44 +0000
IIABCal Past President Stan Loar received the association’s Ramsden-Sullivan Memorial Award last week. The award is the highest IIABCal gives, and a recipient  is said to exemplify the highest caliber of service to the independent agency system, the i...
Wed, 30 Jul 2014 14:28:38 +0000
Two doctors deny claims by an Alabama man who says his penis was amputated during what was supposed to be a routine circumcision, one of their lawyers said. Defense lawyer Will Axon said allegations in a lawsuit filed this week … The article Doctors, H...
Wed, 30 Jul 2014 14:21:02 +0000
Florida regulators announced they are ending a 1.3 percent assessment on property insurance premiums 18 months ahead of schedule. The monies had been used to pay off bonds issued by the state’s hurricane catastrophe fund in 2010. The Florida Hurrican...
Wed, 30 Jul 2014 14:03:12 +0000
The company that spilled chemicals into West Virginia’s largest water supply has paid an $11,000 fine for a pair of violations. The Labor Department’s Occupational Safety and Health Administration fined Freedom Industries $7,000 earlier this month for ...
Wed, 30 Jul 2014 14:01:01 +0000
One person has been killed and three others were injured in an explosion Monday at a fish processing plant in Moss Point on the Mississippi coast. Omega Protein spokesman Ben Landry said the incident occurred about 9:30 a.m. while employees … The artic...
Wed, 30 Jul 2014 13:17:55 +0000
Coal miners took on skiers, and environmentalists dueled with business groups as the public debated sweeping rules from the Obama administration to combat global warming in a nationwide series of hearings yesterday. At the one in Denver, the ski indust...
Wed, 30 Jul 2014 13:13:26 +0000
As the Obama administration defends its efforts to curb carbon emissions this week, it’s taking a new tack: arguing that it is smart economic planning. A new White House report says the cost of fighting climate change will increase 40 … The article I...
Wed, 30 Jul 2014 12:38:01 +0000
The Mini Cooper Countryman is the only small car to earn a good rating among the latest group of 12 cars subjected to the insurance industry’s small overlap front crash test. Two electric models and a hybrid also are in … The article Most Electric an...
Wed, 30 Jul 2014 12:15:07 +0000
Maurice “Hank” Greenberg, the former chairman of American International Group Inc., will go on trial in January after more than nine years of legal jousting over former New York Attorney General Eliot Spitzer’s lawsuit accusing him of fraud. The ...
Wed, 30 Jul 2014 10:29:52 +0000
Jardine Lloyd Thompson Group Plc’s Dominic Burke said the worst slump in prices for insurance policies since Sept. 11, 2001 has led some insurers to take on too much risk to win business. Burke, the chief executive officer of the … The article JLT Sa...
Wed, 30 Jul 2014 10:21:15 +0000
Bermuda-based RenaissanceRe Holdings Ltd. reported net income available to common shareholders of $120.8 million, or $2.95 per diluted common share, in the second quarter of 2014, compared to $26.8 million, or $0.60 per diluted common share, in the sec...
Wed, 30 Jul 2014 10:16:42 +0000
Bermuda-based AXIS Capital Holdings Limited reported net income available to common shareholders for the second quarter of 2014 of $191 million, or $1.79 per diluted common share, compared with $72 million, or $0.62 per diluted common share, for the se...