Fri, 31 Oct 2014 21:31:59 +0000
The Idaho Department of Insurance this week announced Idaho’s overall workers’ compensation premium rates will be reduced by an average of 0.2 percent for 2015. “This slight rate decrease is an indicator of the stability of workers’ compensatio...
Fri, 31 Oct 2014 21:24:23 +0000
Insurance brokerage and risk management firm Integro has named Kate Bauer as vice president in its casualty practice. Bauer will be based in Portland, Ore. and she will work with Integro clients to develop and deliver customized risk strategies and … T...
Fri, 31 Oct 2014 19:15:59 +0000
A spacecraft for Richard Branson’s Virgin Galactic Ltd. tourism operator crashed during a test flight in California’s Mojave Desert, killing the co-pilot and injuring the pilot. The pilot ejected and suffered “moderate to major injuries,” Kern ...
Fri, 31 Oct 2014 16:59:23 +0000
Pennsylvania Gov. Tom Corbett announced the assessment for the state’s Medical Care Availability and Reduction of Error (Mcare) Fund — a medical liability coverage fund run by the state — will decrease 48 percent for 2015 coverage. Corbett said on … Th...
Fri, 31 Oct 2014 16:52:02 +0000
Typical claims-made insurance policies require claims to be both made and reported within the applicable policy period. Under this type of policy, the risk of a claim incurred but not made, as well as a claim made but not reported, … The article Louisi...
Fri, 31 Oct 2014 16:42:06 +0000
The law firm handling a $420 million state settlement over Ohio employers being overcharged for workers’ compensation premiums says millions of dollars weren’t claimed by the deadline. The Bricker & Eckler law firm tells The Columbus Dispatch that 35,0...
Fri, 31 Oct 2014 16:38:47 +0000
International insurance brokerage and risk management firm Integro announced that Lisa Duncan has rejoined the firm as vice president in the property practice. She will be based in Chicago. Duncan returns to Integro from the London-based retailer Burbe...
Fri, 31 Oct 2014 16:36:13 +0000
Homeowners in eastern Cleveland County in Oklahoma could soon pay less for property insurance as result of an improved Public Protection Classification (PPC) for the Cedar Country Fire Protection District, the Oklahoma Insurance Department announced. T...
Fri, 31 Oct 2014 16:34:15 +0000
Michigan-based Whirlpool Corp has been found not liable by a U.S. jury in the first lawsuit to go to trial accusing the company of selling front-loading washing machines containing a design flaw that made them prone to developing mold. The jury … The ...
Fri, 31 Oct 2014 15:41:21 +0000
Oracle Corp. is appealing to Oregon legislative leaders in the legal fight over the failed Cover Oregon health insurance website. In a letter sent last week to Senate President Peter Courtney and House Speaker Tina Kotek, Oracle CEO Safra Catz … The ar...
Fri, 31 Oct 2014 15:38:31 +0000
The city of Eugene, Ore. has ordered the Uber ridesharing company to cease operations or be fined. The Register-Guard reported Uber has refused to apply for a taxi license since its drivers began operating in Eugene last summer. The city … The article ...
Fri, 31 Oct 2014 15:36:58 +0000
A Spokane, Wash. sheriff’s deputy accused of filing false claims for snow damage has been acquitted of insurance fraud charges. A jury in Spokane returned the acquittal this week for Deputy Jeremey B. Jeske after a two-day trial. His lawyer, Rob … The...
Fri, 31 Oct 2014 15:30:51 +0000
The Leflore County Board of Supervisors has adopted the 2012 International Building Code, which means new construction will have to adhere to a set of uniform standards. Under a new state law, Mississippi counties have a Nov. 30 deadline to … The artic...
Fri, 31 Oct 2014 15:24:33 +0000
Some tourist cities in Florida and elsewhere are concerned about the safety of rented motor scooters. Panama City Beach recently enacted new regulations requiring rental companies to carry insurance, provide renters with neon safety vests and pamphlets...
Fri, 31 Oct 2014 14:47:32 +0000
Halloween pranks. Google this phrase and more than 5 million results link you to a myriad of ways to “mess with peoples’ minds” on Halloween. Some of the recommended pranks require a higher education to understand; some ideas are, well, … The art...
Fri, 31 Oct 2014 14:14:52 +0000
Direct premiums written for the directors’ and officers’ liability insurance industry grew 7.35 percent year over year in the first half of 2014, rising to $2.91 billion, according to an SNL Financial analysis of monoline D&O policies. Growth in writte...
Fri, 31 Oct 2014 13:33:27 +0000
Emerging trends support a positive profit outlook for homeowners insurers, a leading broker believes.. Reinsurance broker Aon Benfield’s 2014 Homeowners ROE Outlook concludes that insurers’ prospective after-tax return-on-equity (ROE) for homeowners ...
Fri, 31 Oct 2014 12:46:22 +0000
As the oldest of three kids, Baily Deeter was often the last to be picked up from school by his mother. Then Uber Technologies Inc. came along. When Baily started ninth grade in August, his parents gave him an account … The article Uber Ridesharing Ser...
Fri, 31 Oct 2014 12:29:00 +0000
A hurricane may lose its name, its structure and even its place on National Hurricane Center tracking maps. None of that is a guarantee the storm’s meteorological energy won’t keep making mischief. While still dangerous storm remnants—let’s cal...
Fri, 31 Oct 2014 12:00:53 +0000
Florida Chief Financial Officer Jeff Atwater announced the arrests of attorneys, chiropractors and clinic employees involved in an organized personal injury protection (PIP) fraud scheme. Atwater said the five arrests were made in Martin, Miami-Dade an...
Fri, 31 Oct 2014 11:00:01 +0000
The Hartford is offering small and midsize businesses the opportunity to receive commercial auto insurance premium discounts and rewards for safety. The company has also expanded its quoting system for agents and brokers to include small commercial aut...
Fri, 31 Oct 2014 10:52:27 +0000
A.M. Best has revised the outlook to positive from stable for the issuer credit rating (ICR) of Union Insurance Company P.S.C. (Union) (United Arab Emirates). At the same time, A.M. Best has affirmed the financial strength rating (FSR) of B++ (Good)...
Fri, 31 Oct 2014 10:29:51 +0000
A.M. Best has upgraded the financial strength rating (FSR) to A (Excellent) from A- (Excellent) and the issuer credit rating (ICR) to “a” from “a-” of Greenlight Reinsurance Ireland Limited. Concurrently, A.M. Best has affirmed the FSR of A ...
Fri, 31 Oct 2014 09:39:33 +0000
With just about a month left in the eastern Pacific’s hurricane season, Mexico is once again the target of a tropical system on its western coast. The latest system, Tropical Storm Vance, was drifting west in the Pacific Ocean with … The article Trop...
Fri, 31 Oct 2014 08:54:42 +0000
Global insurance companies are flocking to Africa, where millions of people have started earning enough to afford business cover and protection for their families, said private equity firm LeapFrog Investments. “We’re at an immense inflection poi...
Fri, 31 Oct 2014 02:43:03 +0000
The father of a Connecticut third-grader filed a federal lawsuit Tuesday saying his daughter has been unfairly barred from school amid fears she may have been exposed to the Ebola virus while in Africa. Ikeoluwa Opayemi and her family, who … The articl...
Thu, 30 Oct 2014 23:59:34 +0000
With a calm demeanor and in a somewhat scientific tone he doesn’t mind using while explaining his stance on something, Mike Kreidler stood by his decision to call out the insurance industry and the rest of the nation’s insurance commissioners … The...
Thu, 30 Oct 2014 21:51:43 +0000
Boston has made significant strides in preparing for major natural disasters, rising sea levels and other impacts to the ever-changing climate, Mayor Martin Walsh said on the two-year anniversary of Superstorm Sandy. Speaking at the Architecture Boston...
Thu, 30 Oct 2014 19:49:28 +0000
Insurance brokerage and risk management firm Integro hired Robert Stearns as a principal for the firm’s Global Marine practice in New York. He is responsible for the design, structure, placement and servicing of marine liability and marine hull insur...
Thu, 30 Oct 2014 19:46:37 +0000
Selective Insurance Group reported $53.2 million net income for its 2014 third quarter, a 62.7 percent increase from $32.7 million net income during the third quarter of 2013. The Branchville, New Jersey-based insurer’s operating income for the third q...