News – Insurance Journal Insurance Journal delivers the latest business news for the Property/Casualty insurance industry
- Washington Commissioner’s ‘Insurance Fraud Most Wanted’ Suspect Extradited
on 2019-04-08 at 05:00Washington Insurance Commissioner Mike Kreidler’s criminal investigations unit has extradited Kreidler’s “insurance fraud most wanted suspect” Jessica Epler from Pennsylvania to face felony charges of theft and insurance fraud in Spokane County. Epler has been on Kreidler’s most wanted list […]
- Jury Sides with J&J in Latest Talcum-Cancer Claim
by Margaret Cronin Fisk, Sarah Favot and Jef Feeley on 2019-04-08 at 05:00Johnson & Johnson won the latest trial over claims its iconic baby powder can cause cancer, as a jury in Long Beach, California, rejected a lawsuit brought by a 65-year-old retired teacher who claimed the product was contaminated with asbestos. […]
- Nationwide Insurance CEO Rasmussen to Retire After 10 Years at Helm
on 2019-04-08 at 05:00Long-time Nationwide Chief Executive Officer Steve Rasmussen plans to retire later in 2019, the company disclosed. Rasmussen’s last official day as CEO will be Oct. 1, 2019, capping more than 10 years leading the Ohio-based insurer. Nationwide noted, however, that […]
- Jackson Sumner & Associates Adds Bull as North Carolina Marketing Rep
on 2019-04-08 at 04:56Jackson Sumner & Associates (JSA) has hired Kimberly M. Bull as North Carolina Marketing representative. Bull first began in the insurance industry working in her father’s Nationwide agency. With 25 years of industry experience, she has split that time between […]
- Former N.C. Insurance Chief Goodwin Denies Aiding Indicted Political Donor
by Emery P. Dalesio on 2019-04-08 at 04:30North Carolina’s former top insurance regulator said Friday he never performed favors for a big-money donor and he relied on staff experts when his agency approved changes benefiting the businessman now charged with trying to bribe the state’s current insurance […]
- Congressman Wants Probe of Fire at Historic Tennessee Social Justice Center
on 2019-04-08 at 04:05U.S. Rep. Steve Cohen is asking for a federal investigation of a fire that destroyed the main office at a Tennessee center that played a prominent role in the civil rights movement. Leaders of the Highlander Research and Education Center […]
- Arkansas Judge Refuses to Dismiss Claims Against Opioid Drug Makers
on 2019-04-08 at 02:22An Arkansas judge has rejected a request to dismiss the state’s lawsuit against three drugmakers that alleges they made false marketing claims about the benefits and risks of opioids, contributing to an increase in opioid abuse that led to overdose […]
News – Claims Journal Insurance news and resources for the claims industry
- Radar Data Analysis Pinpoints Precipitation Risk for Vehicle Fatalities
by Jim Sams on 2019-04-08 at 05:00A stormy nation is expected to become even stormier, bringing rain and snow that is known to increase the number of vehicle accidents. The exact degree of increased risk has been the subject of numerous studies, but most of them […]
- Boeing to Slash 737 Jet Output as Crash Halts Deliveries
by Julie Johnsson on 2019-04-08 at 05:00Boeing Co. will cut output of its 737 jetliners by mid-April and is creating a special board panel to review safety and design after two fatal crashes prompted regulators worldwide to ground the newest and best-selling member of the aircraft […]
- Sorry, Laws Protecting Doctors Who Apologize Don’t Lessen Litigation
on 2019-04-05 at 17:27Laws intended to reduce malpractice litigation by protecting doctors who want to apologize don’t work, according to a new Vanderbilt analysis of proprietary insurance data. It turns out people sue for money and an apology doesn’t change that reality. In […]
- 3 Midwest States Demand More Power over River after Floods
by Margery A. Beck on 2019-04-05 at 17:00COUNCIL BLUFFS, Iowa — Three Midwestern Republican governors of states ravaged by recent flooding on Wednesday demanded more authority over management of the Missouri River system. Following a meeting with the U.S. Army Corps of Engineers, Iowa Gov. Kim Reynolds, […]
- Yabba Dabba Don’t: California Town Rejects Flintstones House
by Janie Har on 2019-04-05 at 16:55About the photo: This photo taken Monday shows an aerial view of the Flintstone House in Hillsborough, Calif. The San Francisco Bay Area suburb is suing the owner of the house, saying that she installed dangerous steps, dinosaurs and other […]
- Chicago Will Sue Actor Jussie Smollett after he Refuses to Pay for Police Overtime
on 2019-04-05 at 16:09LOS ANGELES — Chicago will sue actor Jussie Smollett for the costs of police overtime spent investigating his claims that he was the victim of a hate crime, which prosecutors say were false, a city official said on Thursday. The […]
- FAA Chief Defends 737 MAX Safety Inspectors from Whistleblower
by David Shepardson on 2019-04-05 at 16:02The acting top U.S. aviation regulator defended the Federal Aviation Administration on Friday from charges by an unnamed agency employee who told congressional investigators that aviation safety inspectors that worked on the certification of now-grounded Boeing 737 MAX may have […]
Property Insurance Coverage Law Blog THE POLICYHOLDER’S ADVOCATE®
- How To File A Complaint With The Hawaii Department of Insurance About Your Delaying, Denying and Bad Treating Insurance Company
by Derek Chaiken on 2019-04-08 at 04:15Hurricanes, tsunamis, and earthquakes are the most common natural disasters to impact the State of Hawaii. The 2018 Hawaii hurricane season was one of the most destructive in recent memory, with six hurricanes hitting the islands. 2018 also brought the lower Puna volcano eruption. Hawaii policyholders should make sure they maintain coverage for damage related…… Continue Reading […]
- Florida Leaders Must Remember Hurricane Michael Policyholders
by Chip Merlin on 2019-04-07 at 04:15The Washinton Post published a story, Survivors of Hurricane Michael In The Florida Panhandle Fear They Have Been Forgotten. The story is excellent, and it is obvious that the reporter, Joel Achenbach, was at the scene early after the catastrophe because he noted the “towering” debris stored along the roadways. It is always amazing to…… Continue Reading […]
- How to File A Complaint With The South Carolina Department of Insurance About Your Delaying, Denying, and Bad Treating Insurance Company
by Beaujeaux de Lapouyade on 2019-04-06 at 04:15“The Department of Insurance was created to protect the insurance consumers, public interest, and insurance marketplace by ensuring the solvency of insurers, enforcing and implementing the insurance laws of the state, and regulating the insurance industry in an efficient, courteous, responsive, fair, and equitable manner.” —The South Carolina Department of Insurance Mission […]
- How To File A Complaint With The Kentucky Department of Insurance About Your Delaying, Denying and Bad Treating Insurance Company
by Shane Smith on 2019-04-05 at 04:15If you have suffered a property loss and believe that you have been wronged by a delaying, denying, and bad treating insurance company, you have the right to file a complaint with your state insurance commissioner. The Kentucky Department of Insurance regulates the Commonwealth’s insurance market, licenses agents and other insurance professionals, monitors the financial…… Continue […]
- Hidden Damage from Wildfire Claims
by Derek Chaiken on 2019-04-04 at 04:15Losses from wildfires across the United States over the past decade have added up to $5.1 billion.1 In addition to damage typically expected from fires (smoke, soot, ash, water from fire-fighting hoses and extinguisher chemicals), some homeowners may face the additional risk of damage caused by suppression efforts, specifically aviation-based firefighting. Since 2006, CAL FIRE’s…… […]
- How to File a Complaint with the Alabama Department of Insurance About Your Delaying, Denying, and Bad Treating Insurance Company
by Ashley Harris on 2019-04-03 at 04:51Alabama policyholders can seek assistance with their insurance claims through the Alabama Department of Insurance website found here. When a policyholder feels they have hit a wall working with the adjuster(s) assigned to their insurance claim, Alabama provides an Online Consumer Complaint Form that can be submitted to the Department of Insurance. The Online Consumer…… Continue Reading […]
- Australia: Natural treatments lose insurance rebate
on 2019-04-08 at 14:51Since 1 April, Australians have no longer been able to claim a rebate on their private health insurance for natural medicines and treatments such as naturopathy, yoga and Pilates. […]
- SIRC unveils theme for 2019 conference: Winds of Change
on 2019-04-08 at 14:51Preparations are well underway for the 16th Singapore International Reinsurance Conference (SIRC), which will take place from 29 October to 1 November 2019 at the Sands Expo and Convention Centre, Marina Bay Sands, Singapore. […]
- Myanmar: 5 foreign insurers clinch provisional insurance licences
on 2019-04-08 at 14:51Five foreign companies have been granted provisional licences to issue life insurance policies through 100/% subsidiaries as the authorities are finally opening up the Myanmar market. […]
- China: Foreign investment in insurance sector to grow
on 2019-04-08 at 14:51China’s move to raise limits on foreign ownership of insurance companies will benefit the country’s insurance industry and the life insurance sector is poised to see expanded foreign investment, according to Mr James Chan, senior financial analyst at AM Best in an episode of AM BestTV. […]
- India: State owned bank to divest shares in life insurer
on 2019-04-08 at 14:51State owned Bank of India has announced that it will sell a 25.05% stake in its insurance joint venture Star Union Dai-ichi Life Insurance for at least INR11.06bn ($160m). […]
- Morocco: Competition hits results of listed major insurers
on 2019-04-08 at 14:51Listed Moroccan insurers reported lower technical and net profits for 2018, hit by competition. […]
- UAE: Auto premium discounts withdrawn from drivers with clean records
on 2019-04-08 at 14:51Insurance brokers say that insurers have withdrawn discounts from accident-free drivers, in the wake of motor insurance prices falling in recent months. […]
- Takaful: Islamic insurance contribution rates forecast to rise in next 2-3 years
on 2019-04-08 at 14:51Takaful premiums globally will keep rising moderately in the next 2-3 years, supporting profitability, Moody’s Investors Service says, with stronger regulations and increased compulsory cover helping to drive the growth. […]
Global Risk Insights Political Risk for the 21st century
- Italy Embraces Belt and Road Initiative
by David Grant on 2019-04-03 at 18:48On March 23, Italy formally endorsed China’s landmark Belt and Road Initiative (BRI). The new arrangement risks riling fellow EU members, the United States and the rest of the G7. It could also see a seismic shift in China’s Europe strategy. Xi Jinping’s increasingly ubiquitous reinvigoration of the Silk Road will result in further involvement in European politics, business and […]
Canadian Underwriter Insurance and Risk News and Analysis. #1 in Canada
- Environmental groups to sue Shell over climate change
by Greg Meckbach on 2019-04-05 at 21:43THE HAGUE, Netherlands – Climate activists delivered a court summons Friday to oil company Shell in a court case aimed at forcing it to do more to rein in carbon emissions. Friends of the Earth Netherlands, one of the groups… The post Environmental groups to sue Shell over climate change appeared first on Canadian Underwriter. […]
- Early numbers from privacy commissioners on mandatory breach reporting
by Jason Contant on 2019-04-05 at 20:20The federal Office of the Privacy Commissioner of Canada (OPC) has already seen a four-to-five times increase in the number of breaches reported to its office since the mandatory breach notification requirements came into effect last November. On Nov. 1,… The post Early numbers from privacy commissioners on mandatory breach reporting appeared first on Canadian Underwriter. […]
- Why insurers are not calling it a hard market
by Greg Meckbach on 2019-04-05 at 20:01Your clients may be paying higher rates but hard market may not be the right way to describe it, speakers suggested at a recent insurance conference. “I don’t personally know if I would call it a hard market yet. What… The post Why insurers are not calling it a hard market appeared first on Canadian Underwriter. […]
- Some earthquake deductibles too high: IBC
by Greg Meckbach on 2019-04-05 at 19:56Brokers are telling the Insurance Bureau of Canada that for some homeowner clients, the deductible on earthquake coverage is so high that the clients could still end up broke after a major tremor. “Right now, the deductible on some of… The post Some earthquake deductibles too high: IBC appeared first on Canadian Underwriter. […]
- Industry veteran Steve Whitelaw joins Applied Systems
by Jason Contant on 2019-04-05 at 19:36Applied Systems has appointed Steve Whitelaw as vice president of industry and partner relations for the Canadian marketplace. With more than 20 years of technology leadership and industry relations experience, Whitelaw was previously vice president of IT planning, execution and… The post Industry veteran Steve Whitelaw joins Applied Systems appeared first on Canadian Underwriter. […]
insuranceNEWS.com.au General insurance and financial services news from Australia and around the world
- Budget fell short on product rationalisation: FSC
by admin@insurancenews.com.au on 2019-04-08 at 04:11The Federal Budget should have included broader tax relief to encourage the rationalisation of expensive superannuation products, the Financial Services Council says […]
- More insurers defend commissions system
by admin@insurancenews.com.au on 2019-04-08 at 04:10NEOS Life has joined the chorus of industry calls for adviser commissions to be retained […]
- Ditch general advice label, FPA says
by admin@insurancenews.com.au on 2019-04-08 at 04:09The Financial Planning Association wants the term “general advice” scrapped, after a report by the corporate regulator revealed different advice terms confuse consumers […]
- Millennials drawn to online offerings: MetLife
by admin@insurancenews.com.au on 2019-04-08 at 04:08More than one-third of Millennials will visit a life insurer’s website and read online reviews even after receiving a recommendation from a financial adviser, MetLife says […]
- AMP Life Chairman will stay on board post-sale
by admin@insurancenews.com.au on 2019-04-08 at 04:07AMP Life Chairman Trevor Matthews will remain on the board after the business is sold to Resolution Life, while retiring from the AMP board […]