Insurance Journal » National News http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Tue, 31 Mar 2015 00:45:49 +0000 en-US hourly 1 http://wordpress.org/?v=4.1.1 AIG Chairman Miller to Exit in July: WSJ http://www.insurancejournal.com/news/national/2015/03/30/362585.htm Mon, 30 Mar 2015 20:33:06 +0000 http://www.insurancejournal.com/?p=362585 American International Group Inc. Chairman Robert “Steve” Miller intends to step down in July after five years in the role, the Wall Street Journal reported. The insurer’s directors have not yet decided on a replacement, but the next outside chairman …

The article AIG Chairman Miller to Exit in July: WSJ appeared first on Insurance Journal.

]]>
W.R. Berkley Combines U.S. Broker Reinsurance Units http://www.insurancejournal.com/news/national/2015/03/30/362583.htm Mon, 30 Mar 2015 19:51:34 +0000 http://www.insurancejournal.com/?p=362583 W. R. Berkley Corp. said it has combined its U.S. broker market reinsurance units, Berkley Re America and Facultative ReSources, into a single operating unit that will trade under the Berkley Re America (BRAM) name. Berkley Re America is a …

The article W.R. Berkley Combines U.S. Broker Reinsurance Units appeared first on Insurance Journal.

]]>
After Pao’s Loss, Silicon Valley Facing More Bias Suits http://www.insurancejournal.com/news/national/2015/03/30/362471.htm Mon, 30 Mar 2015 17:59:30 +0000 http://www.insurancejournal.com/?p=362471 Kleiner Perkins Caufield & Byers’ decisive victory over Ellen Pao’s gender bias suit doesn’t mean Silicon Valley giants are off the hook. More lawsuits alleging gender discrimination, sexual harassment and retaliation are already in the pipeline. Cases against Twitter Inc. …

The article After Pao’s Loss, Silicon Valley Facing More Bias Suits appeared first on Insurance Journal.

]]>
LaRocco to Take Over as State Auto President, CEO in May http://www.insurancejournal.com/news/national/2015/03/30/362540.htm Mon, 30 Mar 2015 15:58:10 +0000 http://www.insurancejournal.com/?p=362540 Ohio-based State Auto Financial Corporation and State Automobile Mutual Insurance Company (State Auto Mutual) hired Michael E. LaRocco as president and chief executive officer. LaRocco officially takes over the duties of current President and CEO Robert P. Restrepo Jr. on …

The article LaRocco to Take Over as State Auto President, CEO in May appeared first on Insurance Journal.

]]>
Supreme Court Turns Down ‘Death Panel’ Challenge http://www.insurancejournal.com/news/national/2015/03/30/362531.htm Mon, 30 Mar 2015 15:45:36 +0000 http://www.insurancejournal.com/?p=362531 The U.S. Supreme Court on Monday declined to hear a new challenge to President Barack Obama’s healthcare law that took aim at a bureaucratic board labeled by some Republicans as a “death panel” because it was designed to cut Medicare …

The article Supreme Court Turns Down ‘Death Panel’ Challenge appeared first on Insurance Journal.

]]>
Ex-Pilot’s Suit Says JetBlue Should Have Known He Was Unfit to Fly http://www.insurancejournal.com/news/national/2015/03/29/362476.htm Mon, 30 Mar 2015 00:31:58 +0000 http://www.insurancejournal.com/?p=362476 A former JetBlue Airways Corp. pilot whose midair meltdown forced an emergency landing of a 2012 flight on Friday sued the carrier for $14.9 million, saying it should have grounded him because it knew he was incapable of flying. Clayton …

The article Ex-Pilot’s Suit Says JetBlue Should Have Known He Was Unfit to Fly appeared first on Insurance Journal.

]]>
Federal Reserve Mulling Insurers’ Proposal for Capital Standards http://www.insurancejournal.com/news/national/2015/03/29/362474.htm Mon, 30 Mar 2015 00:17:55 +0000 http://www.insurancejournal.com/?p=362474 The U.S. Federal Reserve is considering a proposal from life insurers that could delay the implementation of a costly nationwide capital framework for the $1 trillion industry, according to records of a recent meeting between the two sides seen by …

The article Federal Reserve Mulling Insurers’ Proposal for Capital Standards appeared first on Insurance Journal.

]]>
Obama Gets Chemical Safety Board Chief to Resign http://www.insurancejournal.com/news/national/2015/03/29/362469.htm Sun, 29 Mar 2015 23:47:57 +0000 http://www.insurancejournal.com/?p=362469 The head of a U.S. industrial oversight agency who was dogged by congressional criticism has resigned at President Barack Obama’s request, the White House said. U.S. Chemical Safety Board Chairman Rafael Moure-Eraso stepped down on Thursday, a week after a …

The article Obama Gets Chemical Safety Board Chief to Resign appeared first on Insurance Journal.

]]>
ProSight, Affinity Partner on Golf, Country, Leisure Club Program http://www.insurancejournal.com/news/national/2015/03/27/362408.htm Fri, 27 Mar 2015 16:48:04 +0000 http://www.insurancejournal.com/?p=362408 ProSight Specialty Insurance and Affinity Agency Group, LLC have partnered to create ClubComplete, a specialized one-stop insurance product for golf, country and leisure club owners and managers. ProSight’s ClubComplete is designed for private golf and country clubs, public golf courses, …

The article ProSight, Affinity Partner on Golf, Country, Leisure Club Program appeared first on Insurance Journal.

]]>
Premiums, Claims Severity on Rise in Architects & Engineers Market: Survey http://www.insurancejournal.com/news/national/2015/03/27/362384.htm Fri, 27 Mar 2015 16:31:20 +0000 http://www.insurancejournal.com/?p=362384 For the third consecutive year, most insurers providing professional liability insurance for architects and engineers saw their premium rates increase modestly in 2014, as expectations of larger rate hikes were tempered by steady competition. A new survey by insurance broker …

The article Premiums, Claims Severity on Rise in Architects & Engineers Market: Survey appeared first on Insurance Journal.

]]>
Hochberg Named CEO of JLT Re in North America http://www.insurancejournal.com/news/national/2015/03/27/362379.htm Fri, 27 Mar 2015 16:19:17 +0000 http://www.insurancejournal.com/?p=362379 Reinsurance broker JLT Re has appointed Ed Hochberg as CEO of JLT Re in North America. Hochberg is currently global head of Analytics, Banking and Advisory at JLT Re, having joined as part of the 2013 Towers Watson Re acquisition. …

The article Hochberg Named CEO of JLT Re in North America appeared first on Insurance Journal.

]]>
Vertafore Partners to Expand Cloud, Data, Mobile Offerings http://www.insurancejournal.com/news/national/2015/03/27/362370.htm Fri, 27 Mar 2015 16:08:37 +0000 http://www.insurancejournal.com/?p=362370 Insurance software provider Vertafore announced three new partnerships to expand its end-to-end technology offerings for the cloud, data, and mobile spaces at its user conference, NetVU15, now taking place in Indianapolis through Saturday. The company said the new partnerships are …

The article Vertafore Partners to Expand Cloud, Data, Mobile Offerings appeared first on Insurance Journal.

]]>
Supreme Court Omnicare Ruling Addresses Company Opinion Statements http://www.insurancejournal.com/news/national/2015/03/27/362356.htm Fri, 27 Mar 2015 14:25:18 +0000 http://www.insurancejournal.com/?p=362356 The U.S. Supreme Court Tuesday issued a decision that will affect the landscape for securities class actions. In the unanimous ruling, which focused on opinions expressed in documents filed with the U.S. Securities and Exchange Commission, the high court said …

The article Supreme Court Omnicare Ruling Addresses Company Opinion Statements appeared first on Insurance Journal.

]]>
Humana to Exit Workers’ Compensation with Sale of Concentra http://www.insurancejournal.com/news/national/2015/03/27/362338.htm Fri, 27 Mar 2015 12:26:38 +0000 http://www.insurancejournal.com/?p=362338 Humana Inc. has agreed to sell the stock of its subsidiary Concentra Inc., one of the largest occupational health services providers. The buyer will be MJ Acquisition Corp., a joint venture between Select Medical Holdings Corp., an operator of specialty …

The article Humana to Exit Workers’ Compensation with Sale of Concentra appeared first on Insurance Journal.

]]>
Bankruptcy Judge May Lift Shield for GM Over Ignition Switch Claims http://www.insurancejournal.com/news/national/2015/03/27/362330.htm Fri, 27 Mar 2015 10:44:30 +0000 http://www.insurancejournal.com/?p=362330 A bankruptcy judge told General Motors Co. six years ago it didn’t have to worry about lawsuits over cars made before its $49.5 billion government bailout. Last month, the same judge said he wasn’t so sure anymore. U.S. Bankruptcy Judge …

The article Bankruptcy Judge May Lift Shield for GM Over Ignition Switch Claims appeared first on Insurance Journal.

]]>
Federal Judge Blocks Granting Family Leave to Same-Sex Couples in Texas http://www.insurancejournal.com/news/national/2015/03/26/362275.htm Fri, 27 Mar 2015 01:59:54 +0000 http://www.insurancejournal.com/?p=362275 The U.S. was barred by a federal judge from immediately enforcing a new rule that would grant Family and Medical Leave Act benefits to same-sex couples. Texas sued the U.S. last week, claiming that the government’s definition of spouses would …

The article Federal Judge Blocks Granting Family Leave to Same-Sex Couples in Texas appeared first on Insurance Journal.

]]>
New FEMA Guidelines Force the Climate Change Issue http://www.insurancejournal.com/news/national/2015/03/26/362248.htm Thu, 26 Mar 2015 21:21:18 +0000 http://www.insurancejournal.com/?p=362248 The Federal Emergency Management Agency is making some waves with a new requirement that forces states to take into account the possible impact of climate change in their risk assessments before they can receive certain assistance. FEMA included this condition in …

The article New FEMA Guidelines Force the Climate Change Issue appeared first on Insurance Journal.

]]>
Vantage Agora Launches Loss Analysis Tool for Brokers/Wholesalers http://www.insurancejournal.com/news/national/2015/03/26/362211.htm Thu, 26 Mar 2015 16:05:30 +0000 http://www.insurancejournal.com/?p=362211 Insurance process provider Vantage Agora has released a new loss-analysis web application that gives insurance brokers, program managers and managing general agents the ability to view and analyze consolidated data on claims losses for clients and prospects. The application is …

The article Vantage Agora Launches Loss Analysis Tool for Brokers/Wholesalers appeared first on Insurance Journal.

]]>
Uber Launches Safety Effort As Security Issues Mount http://www.insurancejournal.com/news/national/2015/03/26/362152.htm Thu, 26 Mar 2015 13:27:23 +0000 http://www.insurancejournal.com/?p=362152 Ride-sharing company Uber said it has formed response teams to address safety issues across the world, amid increasing concerns about the security of its passengers and drivers. The company, whose mobile app lets users hail taxis, has been dogged by …

The article Uber Launches Safety Effort As Security Issues Mount appeared first on Insurance Journal.

]]>
Why Are Agency Employees Unhappy? http://www.insurancejournal.com/news/national/2015/03/26/362141.htm Thu, 26 Mar 2015 10:46:24 +0000 http://www.insurancejournal.com/?p=362141 Agency employees are not happy when it comes to compensation, and money isn’t the problem. Despite increases in salaries and total compensation, many employees continue to be unsatisfied when it comes to overall compensation, according to Insurance Journal‘s annual Agency …

The article Why Are Agency Employees Unhappy? appeared first on Insurance Journal.

]]>
NHL Loses Bid to Block Players’ Concussion Lawsuits http://www.insurancejournal.com/news/national/2015/03/25/362118.htm Thu, 26 Mar 2015 03:16:40 +0000 http://www.insurancejournal.com/?p=362118 The National Hockey League lost its bid to throw out retired players’ claims it glorified violence and failed to protect them from repeated head injuries and concussions. Wednesday’s ruling by a federal judge in St. Paul, Minnesota, comes as the …

The article NHL Loses Bid to Block Players’ Concussion Lawsuits appeared first on Insurance Journal.

]]>
House Committee Approves Bill to Repeal Estate Tax http://www.insurancejournal.com/news/national/2015/03/25/362116.htm Thu, 26 Mar 2015 03:00:55 +0000 http://www.insurancejournal.com/?p=362116 The 99-year-old U.S. estate tax would disappear under a bill approved Wednesday by the House Ways and Means Committee. The legislation, backed on a 22-10 party-line vote, would benefit about 5,500 families who pay the tax each year plus thousands …

The article House Committee Approves Bill to Repeal Estate Tax appeared first on Insurance Journal.

]]>
Progressive to Risk Raising Rates on Risky Snapshot Drivers http://www.insurancejournal.com/news/national/2015/03/25/362112.htm Thu, 26 Mar 2015 02:28:22 +0000 http://www.insurancejournal.com/?p=362112 Progressive Corp., the fourth-largest U.S. auto insurer, said it will begin increasing rates for some risky customers who participate in a program that allows the company to electronically monitor driving habits. The decision to lift premiums is a shift for …

The article Progressive to Risk Raising Rates on Risky Snapshot Drivers appeared first on Insurance Journal.

]]>
Supreme Court Gives Pregnant UPS Driver’s Claim Another Chance http://www.insurancejournal.com/news/national/2015/03/25/362050.htm Wed, 25 Mar 2015 15:08:47 +0000 http://www.insurancejournal.com/?p=362050 The U.S. Supreme Court on Wednesday sided with a former driver for UPS Inc. by throwing out a lower court ruling blocking her lawsuit accusing the package delivery company of discrimination for refusing to lighten her work duties while she …

The article Supreme Court Gives Pregnant UPS Driver’s Claim Another Chance appeared first on Insurance Journal.

]]>
JLT Specialty USA Creates Environmental Brokerage Team http://www.insurancejournal.com/news/national/2015/03/25/362041.htm Wed, 25 Mar 2015 12:53:05 +0000 http://www.insurancejournal.com/?p=362041 JLT Specialty USA said it has added an environmental team to provide environmental brokerage and advisory services in energy, construction, environmental professional, finance and aerospace sectors. The individuals appointed to this team include Greg Schilz, executive vice president and JLT …

The article JLT Specialty USA Creates Environmental Brokerage Team appeared first on Insurance Journal.

]]>
Philadelphia Insurance Promotes 3 in Marketing http://www.insurancejournal.com/news/national/2015/03/25/361988.htm Wed, 25 Mar 2015 10:00:02 +0000 http://www.insurancejournal.com/?p=361988 Philadelphia Insurance Companies has promoted one vice president and two regional vice presidents in marketing. Matthew Carroll assumes the position of regional vice president of marketing in the insurer’s West region. Carroll joined Philadelphia Insurance in 2008. As a vice …

The article Philadelphia Insurance Promotes 3 in Marketing appeared first on Insurance Journal.

]]>
The Hartford Launches Customizable Coverage For Educational Institutions http://www.insurancejournal.com/news/national/2015/03/25/362018.htm Wed, 25 Mar 2015 05:21:17 +0000 http://www.insurancejournal.com/?p=362018 The Hartford has launched Educators Professional Choice to give educational institutions the ability to customize their liability coverage based on their needs. The package of management and professional liability coverages is designed specifically for private schools, colleges and universities. “Protecting …

The article The Hartford Launches Customizable Coverage For Educational Institutions appeared first on Insurance Journal.

]]>
Insurers Say Drone Rules Needed for Risk Evaluation http://www.insurancejournal.com/news/national/2015/03/24/362000.htm Wed, 25 Mar 2015 02:02:07 +0000 http://www.insurancejournal.com/?p=362000 Insurers applauded a Senate subcommittee for holding a hearing on the use of unmanned aircraft systems and urged swift action from federal regulators charged with integrating the technology into the National Airspace System. “The marketplace is more than ready for …

The article Insurers Say Drone Rules Needed for Risk Evaluation appeared first on Insurance Journal.

]]>
House Republicans Plan Vote on Estate Tax Repeal http://www.insurancejournal.com/news/national/2015/03/24/361994.htm Wed, 25 Mar 2015 01:31:32 +0000 http://www.insurancejournal.com/?p=361994 The House Ways and Means Committee plans to vote this week on a bill to repeal the U.S. estate tax, said Doug Andres, a spokesman for committee chairman Paul Ryan, a Wisconsin Republican. The move to repeal the estate tax …

The article House Republicans Plan Vote on Estate Tax Repeal appeared first on Insurance Journal.

]]>
Cyber Information Sharing Bill Introduced in House http://www.insurancejournal.com/news/national/2015/03/24/361992.htm Wed, 25 Mar 2015 01:28:33 +0000 http://www.insurancejournal.com/?p=361992 Leaders of the House of Representatives Intelligence Committee introduced legislation on Tuesday to make it easier for companies to share information about cybersecurity threats with the government, without the fear of being sued. Prompted in part by high-profile cyber attacks …

The article Cyber Information Sharing Bill Introduced in House appeared first on Insurance Journal.

]]>