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National Insurance News

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04/29/2016 11:15 AM

Insurance Company Now Offers Cyberbullying Coverage - NBCNews.com


NBCNews.com

Insurance Company Now Offers Cyberbullying Coverage
NBCNews.com
Insurance giant Chubb recently began offering optional cyber bullying coverage for its homeowners insurance clients. Anyone who has had embarrassing photos posted on social media or been deluged with angry messages can attest to the high emotional ...

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04/29/2016 01:05 PM

Does your homeowners insurance fully cover you for these seven common claims? - CNBC


CNBC

Does your homeowners insurance fully cover you for these seven common claims?
CNBC
Roughly 5 percent of insured homeowners filed a claim in 2014 (the latest year available), according to data from ISO, a division of Verisk Analytics. The average claim: $10,750. "From a coverage perspective, it's very important to make sure they're ...

 

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04/29/2016 01:13 PM

Myles Jack will collect on insurance policy if he falls to 45th pick - ESPN


ESPN

Myles Jack will collect on insurance policy if he falls to 45th pick
ESPN
Two players who slipped past the first round of the NFL draft on Thursday could benefit from insurance policies they took out while still in college. Former UCLA linebacker Myles Jack is covered by a $5 million loss-of-value policy. When his mother ...
Report: Myles Jack to collect on insurance policy if he falls to 45th pickCBSSports.com
Myles Jack's worst draft fears came true (with insurance caveat)New York Post

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04/29/2016 01:00 PM

Large Insurers Eager But Cautious About Drone Insurance Market - Insurance Journal


Large Insurers Eager But Cautious About Drone Insurance Market
Insurance Journal
A growing number of insurance companies envision a large, robust insurance market for liability and property coverage associated with drone use. However, many insurers currently are proceeding with caution in light of uncertainty about how the drones ...

 

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04/29/2016 02:38 PM

Fire Department upgrade means lower insurance rates - CT Post


CT Post

Fire Department upgrade means lower insurance rates
CT Post
Construction workers on the scene of a fatal construction accident at Sikorsky Airport in Stratford, Conn. on Thursday, June 25, 2015. According to fire officials, a worker was killed when a saw kicked back , causing a fatal injury to the man's neck. less.

 

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04/29/2016 03:06 PM

Gov. Rick Scott, CFO Jeff Atwater choose deputy David Altmaier as insurance commissioner - Tampabay.com


Orlando Sentinel

Gov. Rick Scott, CFO Jeff Atwater choose deputy David Altmaier as insurance commissioner
Tampabay.com
Rick Scott and Chief Financial Officer Jeff Atwater agreed to hire deputy insurance commissioner David Altmaier to replace Kevin McCarty, the state's powerful insurance regulator who resigned after 13 years at the helm of the Office of Insurance ...
Florida Picks Deputy Altmaier to Be Next Insurance CommissionerInsurance Journal
Cabinet picks insurance chief, ending stalemateOrlando Sentinel
Florida Cabinet finally agrees on insurance commissionerMiami Herald
Palm Beach Post (blog) -Florida Politics (blog) -CBS Local
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04/28/2016 11:45 PM

Indianapolis, FEMA seek deal on flood insurance suspension - Indianapolis Star


Indianapolis Star

Indianapolis, FEMA seek deal on flood insurance suspension
Indianapolis Star
The city and the Federal Emergency Management Agency were in settlement talks Thursday to lift a suspension of flood insurance policy renewals for Marion County homeowners. The possible deal averted a showdown in U.S. District Court in Indianapolis, ...
House passes private Flood insurance billPropertyCasualty360
Flood insurance bill could bring relief to homeownersHousingWire
House Passes Flood Insurance BillMorning Consult
National Mortgage News -KRWG -Bradenton Herald
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04/29/2016 03:25 PM

Allen farmers charged with crop insurance fraud - Bowling Green Daily News


Allen farmers charged with crop insurance fraud
Bowling Green Daily News
In two separate informations filed this month by the U.S. Attorney's Office for the Western District of Kentucky, David Manion, 53, and Henry Manion, 48, are accused of knowingly making false statements and reports on applications for insurance to ...

 

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04/29/2016 02:45 PM

5 Tips For Saving On Car Insurance After College - Forbes


Forbes

5 Tips For Saving On Car Insurance After College
Forbes
With all the things to squeeze into a budget after college, you could probably use some breathing space. Saving money on car insurance is one way to get it without reverting to nightly ramen noodles. With some mindful shopping you can free up money for ...

 

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04/28/2016 09:18 PM

NJ man admits he stripped his motorcycle for insurance cash. Twice. - NJ.com


NJ.com

NJ man admits he stripped his motorcycle for insurance cash. Twice.
NJ.com
TRENTON — A Woodbridge man admitted Thursday to claiming thieves had stripped his motorcycle for parts when he actually had an auto shop temporarily remove them so he could collect insurance payments. Lew Alicock was caught on his second attempt ...
Woodbridge man pleads guilty to insurance fraudMyCentralJersey.com
Woodbridge Man Admits to Motorcycle Insurance FraudPatch.com

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International Insurance News

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04/21/2016 11:06 PM

Attempts to Embezzle Millions From Global Insurance Company Results in Jail - Lawfuel (blog)


The Journal News | LoHud.com

Attempts to Embezzle Millions From Global Insurance Company Results in Jail
Lawfuel (blog)
From January 2012 through December 2013, SHEA and FALLON engaged in a scheme to embezzle approximately $2.6 million from SHEA's employer, the North American subsidiary of an international insurance company (“Company-1”). SHEA, who rose to ...
Nanuet man sentenced for embezzlement schemeThe Journal News | LoHud.com

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04/25/2016 11:14 PM

Paramus Man Sentenced To 18 Months For Scheme To Embezzle Millions From International Insurance Company - Bergen Dispatch


Bergen Dispatch

Paramus Man Sentenced To 18 Months For Scheme To Embezzle Millions From International Insurance Company
Bergen Dispatch
Preet Bharara, the United States Attorney for the Southern District of New York, announced today that James J. Shea, age 49 of Paramus, New Jersey, was sentenced in Manhattan federal court to 18 months in prison for participating in a scheme to ...

 

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04/08/2016 05:57 PM

Manufacturers Life Insurance Company The buys $142.8 Million stake in Magna International (USA) (MGA) - Los Angeles Mirror


Manufacturers Life Insurance Company The buys $142.8 Million stake in Magna International (USA) (MGA)
Los Angeles Mirror
Magna International (USA) (MGA) : Manufacturers Life Insurance Company The scooped up 32,296 additional shares in Magna International (USA) during the Q4 period, according to a recent disclosure to the SEC. The investment management firm now ...

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04/05/2016 07:05 AM

Manufacturers Life Insurance Company The buys $318.3 Million stake in Tempur Sealy International Inc (TPX) - SCSUCollegian


Manufacturers Life Insurance Company The buys $318.3 Million stake in Tempur Sealy International Inc (TPX)
SCSUCollegian
Tempur Sealy International Inc (TPX) : Manufacturers Life Insurance Company The scooped up 28,486 additional shares in Tempur Sealy International Inc during the Q4 period, according to a recent disclosure to the SEC. The investment management firm ...

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04/29/2016 01:00 PM

Large Insurers Eager But Cautious About Drone Insurance Market - Insurance Journal


Large Insurers Eager But Cautious About Drone Insurance Market
Insurance Journal
According to a white paper prepared by Assurex Global with insurance brokerage Shaw Sabey & Associates and managing general agent Plus Underwriting Managers, businesses and government entities relying on drones face potential liability exposures that ...

 

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04/29/2016 11:27 AM

Anbang Life Insurance sees net profit surge 131 per cent to 19.66 billion yuan on asset gains - South China Morning Post


South China Morning Post

Anbang Life Insurance sees net profit surge 131 per cent to 19.66 billion yuan on asset gains
South China Morning Post
Anbang Insurancehas continued its global expansion this year by acquiring the Dutch insurance company Vivat and South Korea's Tongyang Life Insurance. Brett McGonegal, chairman of Capital Link International, said Anbang Insurance's global acquisitions ...

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04/28/2016 12:01 PM

CIBC a player in insurance market - Nation News


Nation News

CIBC a player in insurance market
Nation News
“As a result, FirstCaribbean International Trust and Merchant Bank (Barbados) Limited can no longer conduct business as an insurance broker in Barbados,” Graham said. He added: “Colonial Medical Insurance Company Limited has been issued with a ...

 

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04/29/2016 10:12 AM

HSB BI&I of Canada Offers Equipment Breakdown Cover for Microelectronics - Insurance Journal


HSB BI&I of Canada Offers Equipment Breakdown Cover for Microelectronics
Insurance Journal
The Boiler Inspection and Insurance Company of Canada (HSB BI&I), part of Munich Re, announced the introduction of TechAdvantage™, its new standard equipment breakdown policy. The company said it is the first equipment breakdown insurance product ...

 

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04/28/2016 08:05 PM

James T. Morris Joins Edison International and Southern California Edison Boards of Directors - Business Wire (press release)


James T. Morris Joins Edison International and Southern California Edison Boards of Directors
Business Wire (press release)
Morris, 56, is the chairman, president and chief executive officer of Pacific Life Insurance Company, and its parent companies Pacific Mutual Holding Company and Pacific LifeCorp. He has served as president and chief executive officer since 2007 and ...

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04/23/2016 02:47 PM

AIG Looks Like A Buy - Seeking Alpha


Seeking Alpha

AIG Looks Like A Buy
Seeking Alpha
American International Group, Inc. (NYSE:AIG) does not excite investors anymore. One only has to look at the insurance company's share price to see that investors prefer other insurance companies or financials over American International Group. If you ...

 

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