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Updated: 48 min 20 sec ago

Alabama City Employs Sting Operation on Uber Drivers

57 min 45 sec ago

Tuscaloosa, Alabama police are using undercover operations to nab drivers with the Uber ride-sharing service. Police said Wednesday a two-night sting last week resulted in a 50-year-old Mississippi woman getting tickets for charges that include operating a cab without a …

The article Alabama City Employs Sting Operation on Uber Drivers appeared first on Insurance Journal.

How South Carolina Has Changed Disaster Plans in 25 Years Since Hurricane Hugo

1 hour 5 min ago

This weekend’s 25th anniversary of Hurricane Hugo offers South Carolina residents the chance to remember the devastation wrought by their worst storm in the past century – and to be ready in case another such tempest comes. Hugo made landfall …

The article How South Carolina Has Changed Disaster Plans in 25 Years Since Hurricane Hugo appeared first on Insurance Journal.

Judge Approves $2.9 Million West Virginia Chemical Spill Deal

1 hour 18 min ago

A federal bankruptcy judge has approved a $2.9 million settlement that would benefit 300,000 people whose water was contaminated in a January chemical spill. Judge Ronald Pearson filed the order this past Tuesday in U.S. Bankruptcy Court in Charleston. Pearson’s …

The article Judge Approves $2.9 Million West Virginia Chemical Spill Deal appeared first on Insurance Journal.

Aviva Sells Spanish Venture Stake after Tribunal OK’s Deal

2 hours 37 min ago

British insurer Aviva is selling its stake in joint venture CxG Aviva for €287 million ($369 million) to venture partner Novacaixagalicia (NCG) Banco after a Spanish tribunal ruling cleared the way for a deal. The cash deal is expected to …

The article Aviva Sells Spanish Venture Stake after Tribunal OK’s Deal appeared first on Insurance Journal.

Willis Launches Medical Plans for Expat Employees

3 hours 27 min ago

Willis Employee Benefits Limited, part of Willis Group Holdings plc, has partnered with Now Health International and Healix International to offer affordable medical plans for clients with fewer than 99 expatriate employees. A special feature of the medical plan is …

The article Willis Launches Medical Plans for Expat Employees appeared first on Insurance Journal.

Insurance Will Absorb Some Costs in Home Depot’s Giant Privacy Breach

3 hours 40 min ago

Home Depot Inc. Thursday said some 56 million payment cards were likely compromised in a cyberattack at its stores, suggesting the hacking attack at the home improvement chain was larger than last year’s unprecedented breach at Target Corp. Home Depot, …

The article Insurance Will Absorb Some Costs in Home Depot’s Giant Privacy Breach appeared first on Insurance Journal.

New CEO Hancock Puts Stamp on AIG Management in Shake-Up

3 hours 50 min ago

American International Group Inc. named Kevin Hogan to lead its main life insurance business, putting him in charge of offerings for individuals, as new Chief Executive Officer Peter Hancock shakes up management. Hogan takes on the duties from life-unit CEO …

The article New CEO Hancock Puts Stamp on AIG Management in Shake-Up appeared first on Insurance Journal.

Competitive Pressures Mount for Reinsurers

4 hours 34 min ago

Reinsurers are being squeezed by price competition and subdued demand from insurers for their products, and traditional mergers may not be enough to save those that lack either global reach or specialized focus. Medium-sized, ‘me-too’ reinsurers are ripe for consolidation, …

The article Competitive Pressures Mount for Reinsurers appeared first on Insurance Journal.

Litmus Analysis’ Stuart Shipperlee Explains Current Re/Insurance Ratings

5 hours 7 min ago

As the former head of A.M. Best in London, and a senior executive with Standard & Poor’s, Litmus Analysis Senior Partner Stuart Shipperlee has a very complete knowledge of what re/insurance company ratings are, and, perhaps more importantly, what they …

The article Litmus Analysis’ Stuart Shipperlee Explains Current Re/Insurance Ratings appeared first on Insurance Journal.

Mass. Gov. Takes Issue With Report Pegging ACA Costs at $1B

Thu, 09/18/2014 - 17:59

Massachusetts Gov. Deval Patrick is sharply criticizing a report that puts a price tag of about $1 billion on the implementation of the federal Affordable Care Act in Massachusetts. The Pioneer Institute, a conservative-leaning think tank, said in a report …

The article Mass. Gov. Takes Issue With Report Pegging ACA Costs at $1B appeared first on Insurance Journal.

California Governor Signs Bill Earthquake Insurance Information Bill

Thu, 09/18/2014 - 17:43

Gov. Jerry Brown has signed Assembly Bill 2064, a bill aimed at changing the way Californians learn about earthquake insurance for their homes. Under California law, insurers that sell residential property insurance also must offer earthquake coverage to their policyholders. …

The article California Governor Signs Bill Earthquake Insurance Information Bill appeared first on Insurance Journal.

Insurers Bonding with Climate Change Battle

Thu, 09/18/2014 - 16:02

Nearly one-in-five major investors in green bonds issued by one of the world’s largest players in that market is coming from the insurance industry. If you haven’t heard much about green bonds and insurance investments up to now, you probably …

The article Insurers Bonding with Climate Change Battle appeared first on Insurance Journal.

North Dakota Commissioner to Serve on Financial Stability Oversight Council

Thu, 09/18/2014 - 13:53

The National Association of Insurance Commissioners (NAIC) appointed NAIC President and North Dakota Insurance Commissioner Adam Hamm to serve a two-year term as the state insurance commissioner representative on the Financial Stability Oversight Council (FSOC). The 15-member FSOC was created …

The article North Dakota Commissioner to Serve on Financial Stability Oversight Council appeared first on Insurance Journal.

Swiss Re Eyes Specialty Lines to Counter Reinsurance Slump

Thu, 09/18/2014 - 11:43

Swiss Re Ltd., the world’s No. 2 reinsurer, is cutting back on catastrophe coverage and moving into new lines of business as low interest rates and fewer natural disasters undercut prices. “The super profits from nat cat are probably over …

The article Swiss Re Eyes Specialty Lines to Counter Reinsurance Slump appeared first on Insurance Journal.

Swett & Crawford Expands Energy Practice Group

Thu, 09/18/2014 - 11:14

Swett & Crawford, headquartered in Atlanta, has formed a partnership with JH Blades, which will expand the capabilities offered by its Energy Practice Group. Operating as a coverholder and MGA, the Houston-based JH Blades underwrites upstream energy business both onshore …

The article Swett & Crawford Expands Energy Practice Group appeared first on Insurance Journal.

After Worker Dies Chevron Drains Natural Gas Pipeline Off Louisiana Coast

Thu, 09/18/2014 - 10:56

Authorities said that a Chevron Corp. subsidiary was still releasing natural gas on Sept. 14 from a pipeline off the Louisiana coast where an incident killed a maintenance worker. Col. Mike Edmonson, the superintendent of the Louisiana State Police, said his …

The article After Worker Dies Chevron Drains Natural Gas Pipeline Off Louisiana Coast appeared first on Insurance Journal.

Minnesota Man Settles Whistleblower Lawsuit for $990K

Thu, 09/18/2014 - 10:50

A Minnesota man who alerted the U.S. Department of Defense to a Humvee manufacturing change that could potentially put soldiers at risk has won nearly $1 million after settling his whistleblower lawsuit. David McIntosh lost his job at M.K. Battery …

The article Minnesota Man Settles Whistleblower Lawsuit for $990K appeared first on Insurance Journal.

New Jersey OKs Storm Buyouts in East Brunswick

Thu, 09/18/2014 - 10:40

New Jersey has purchased the first of seven flood-damaged homes in East Brunswick under a Superstorm Sandy program. The home on Squire Street was purchased for $193,073, based on pre-Sandy market values from an independent appraisal. Because the neighborhood is …

The article New Jersey OKs Storm Buyouts in East Brunswick appeared first on Insurance Journal.

Lockton Adds Gabriel, Koslowski to Employee Benefits Team in Milwaukee

Thu, 09/18/2014 - 10:40

Independent insurance broker Lockton, has added Account Executive Tom Gabriel and Senior Account Manager Lori Koslowski to the employee benefits team in its Milwaukee office. Gabriel joins Lockton with more than 25 years of experience in the employee benefits’ arena. …

The article Lockton Adds Gabriel, Koslowski to Employee Benefits Team in Milwaukee appeared first on Insurance Journal.

Texas Man Sentenced for Workers’ Comp Fraud

Thu, 09/18/2014 - 10:38

Texas Mutual Insurance Co. reported that a Travis County district court sentenced Rodney Williams of Seabrook, Texas, for workers’ compensation fraud-related charges. The court sentenced Williams to deferred adjudication and ordered him to pay $6,156 in restitution to Texas Mutual. …

The article Texas Man Sentenced for Workers’ Comp Fraud appeared first on Insurance Journal.

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