Insurance Journal » National News http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Mon, 31 Aug 2015 05:10:53 +0000 en-US hourly 1 http://wordpress.org/?v=4.3 BoatUS Launches Peer-to-Peer Boat Insurance Program http://www.insurancejournal.com/news/national/2015/08/28/380024.htm Fri, 28 Aug 2015 16:59:22 +0000 http://www.insurancejournal.com/?p=380024 BoatUS has launched a boat rental insurance policy available for rentals through Boatbound, a nationwide boat rental marketplace. The new Peer-to-Peer Boat Rental Policy covers the rental period and is designed specifically to meet the needs of this new and …

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Franchises, Staffing Firms Ruled Joint Employers Under Labor Law http://www.insurancejournal.com/news/national/2015/08/28/379967.htm Fri, 28 Aug 2015 12:41:52 +0000 http://www.insurancejournal.com/?p=379967 More companies may be held responsible for labor-law violations committed by contractors and forced to negotiate wages and benefits with their workers under a decision by a politically split U.S. labor board. The National Labor Relations Board, in a closely …

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Confessions of an Underage, Unlicensed Truck Driver http://www.insurancejournal.com/news/national/2015/08/28/379965.htm Fri, 28 Aug 2015 12:28:28 +0000 http://www.insurancejournal.com/?p=379965 American Trucking Associations executive Howard Abramson recently made a case in the New York Times for higher safety standards for trucks. It’s not hard to understand why: Large trucks were involved in at least 327,000 traffic accidents in 2013, killing almost 4,000 …

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How Genome Sequencing Is Transforming Food Safety http://www.insurancejournal.com/news/national/2015/08/28/379963.htm Fri, 28 Aug 2015 10:40:56 +0000 http://www.insurancejournal.com/?p=379963 Investigations into foodborne illness are being radically transformed by whole genome sequencing, which federal officials say is enabling them to identify the source of an outbreak far more quickly and prevent additional cases. Previously, samples from sick patients were sent …

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AIG’s Lavastone in Dispute with Life Settlements Firm Coventry http://www.insurancejournal.com/news/national/2015/08/28/379961.htm Fri, 28 Aug 2015 10:31:26 +0000 http://www.insurancejournal.com/?p=379961 An American International Group Inc. unit and Coventry First LLC began a trial in a dispute over bets in the insurance market on when people would die. Lavastone Capital LLC, the AIG subsidiary, claims Coventry ripped it off by more …

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Sierra Club Dragging State Farm into Climate Change Battle http://www.insurancejournal.com/news/national/2015/08/27/379923.htm Fri, 28 Aug 2015 00:00:02 +0000 http://www.insurancejournal.com/?p=379923 A State Farm executive is coming under fire from activists for his position on the board of what some consider to be a “climate denier” group. Sierra Club, a progressive investor group and other activist organizations have been waging an aggressive …

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Glatfelter Launches Risk Management Tool for Long Term Care Facilities http://www.insurancejournal.com/news/national/2015/08/27/379903.htm Thu, 27 Aug 2015 16:59:12 +0000 http://www.insurancejournal.com/?p=379903 Glatfelter Healthcare Practice, an insurance program serving senior living facilities, home health care and other private homecare agencies, and VorroHealth, a provider of clinical, AR/billing and interoperable technology for healthcare, have released ACTUM, a fully integrated offering to complement VorroHealth’s …

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Allstate’s Drivewise Telematics App Adds Shopping Rewards, Challenges http://www.insurancejournal.com/news/national/2015/08/27/379851.htm Thu, 27 Aug 2015 14:36:54 +0000 http://www.insurancejournal.com/?p=379851 In addition to offering auto insurance savings to its insureds, the Allstate Insurance mobile telematics app known as Drivewise now allows drivers to earn safe driving points they can spend on merchandise, gift cards and local merchant offers. Any driver …

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Unmanned Work Zone Trucks Promise Road Safety, Savings http://www.insurancejournal.com/news/national/2015/08/27/379842.htm Thu, 27 Aug 2015 12:44:08 +0000 http://www.insurancejournal.com/?p=379842 Roving construction crews — the kind you see blacktopping a road, painting lines, inspecting a bridge or installing a traffic signal — are often protected from oncoming traffic by a specialized truck outfitted with a crash barrier. The crash trucks, …

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Business Lobbies Seek Probe of Medical Funding Industry http://www.insurancejournal.com/news/national/2015/08/27/379836.htm Thu, 27 Aug 2015 12:09:50 +0000 http://www.insurancejournal.com/?p=379836 Two business lobbying groups this week called on the Consumer Financial Protection Board to investigate the medical funding industry after a Reuters investigation revealed that private investors are funding operations for women who have sued makers of surgical implants. The …

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10 Automakers Sued Over Claims of Deadly Fumes from Keyless Ignitions http://www.insurancejournal.com/news/national/2015/08/27/379834.htm Thu, 27 Aug 2015 11:56:06 +0000 http://www.insurancejournal.com/?p=379834 Ten of the world’s biggest automakers were sued on Wednesday by consumers who claim they concealed the risks of carbon monoxide poisoning in more than 5 million vehicles equipped with keyless ignitions, leading to 13 deaths. According to the complaint …

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Target Avoids SEC Penalties Over 2013 Breach http://www.insurancejournal.com/news/national/2015/08/27/379832.htm Thu, 27 Aug 2015 11:49:57 +0000 http://www.insurancejournal.com/?p=379832 The U.S. Securities and Exchange Commission won’t pursue an enforcement action against Target Corp. after hackers stole data on 40 million credit and debit cards during the 2013 holiday shopping season, according to a regulatory filing. The agency finished its …

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Aspen Appoints Tassone as Executive VP for U.S. Program Business http://www.insurancejournal.com/news/national/2015/08/26/379756.htm Wed, 26 Aug 2015 16:45:42 +0000 http://www.insurancejournal.com/?p=379756 Aspen Insurance announced today that Dominick Tassone has been appointed executive vice president, Programs, for its U.S. business. Tassone’s appointment will be effective from Oct. 1, 2015 when Tom Muller, the current head of Programs for Aspen U.S. Insurance, retires …

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Auto Insurance Affordability Improves in Most States: IRC http://www.insurancejournal.com/news/national/2015/08/26/379710.htm Wed, 26 Aug 2015 15:09:55 +0000 http://www.insurancejournal.com/?p=379710 Personal auto insurance has become more affordable over time for all income groups,  including low-to-moderate income groups, and in most states, according to a report from the Insurance Research Council (IRC). The industry group says the study also shows that …

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Tropical Storm Erika Could Reach Florida by Monday http://www.insurancejournal.com/news/national/2015/08/26/379697.htm Wed, 26 Aug 2015 13:57:37 +0000 http://www.insurancejournal.com/?p=379697 A “Hurricane Hunter” airplane has found that Tropical Storm Erika strengthened slightly as it approached the Leeward Islands in the Caribbean Sea, where warnings and watches have been posted, the U.S. National Hurricane Center said. Erika was about 335 miles …

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‘John Doe’ Sues Adultery Website Ashley Madison in U.S. http://www.insurancejournal.com/news/national/2015/08/26/379677.htm Wed, 26 Aug 2015 13:51:51 +0000 http://www.insurancejournal.com/?p=379677 The Canadian-based adultery website AshleyMadison.com faces a U.S. backlash — led by the always- litigious “John Doe” — over a data breach that exposed more than 37 million formerly anonymous users. The complainants still seek to maintain their anonymity behind …

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Nationwide Rebrands Crestbrook, Expands Affluent Client Offerings to 4 States http://www.insurancejournal.com/news/national/2015/08/26/379681.htm Wed, 26 Aug 2015 12:46:55 +0000 http://www.insurancejournal.com/?p=379681 Nationwide Private Client insurance products and services for affluent clients are now available in four new states: Alaska, Idaho, Minnesota, and Tennessee, bringing the total number of states served to 16. Nationwide Private Client business formerly went under the name …

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Hudson Crop Launches Total Revenue Coverage http://www.insurancejournal.com/news/national/2015/08/26/379654.htm Wed, 26 Aug 2015 05:21:40 +0000 http://www.insurancejournal.com/?p=379654 Hudson Insurance Co. has added Total Revenue Coverage (TRC) to Hudson Crop’s suite of private products. TRC is a supplemental insurance policy to multi-peril crop insurance (MPCI) that offers farmers a single, firm, crop revenue guarantee at the time of …

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How to Know What Insurance Customers Want http://www.insurancejournal.com/news/national/2015/08/25/379623.htm Tue, 25 Aug 2015 19:10:26 +0000 http://www.insurancejournal.com/?p=379623 What do today’s customers want from insurance providers? They want understanding, interaction, even a relationship. But they vary in when and how they wish to learn, interact and build a relationship. Insurance providers have to understand not only when but …

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Update: Hurricane Center Keeping Eye on Tropical Storm Erika http://www.insurancejournal.com/news/national/2015/08/25/379617.htm Tue, 25 Aug 2015 17:24:38 +0000 http://www.insurancejournal.com/?p=379617 A “Hurricane Hunter” reconnaissance plane headed out Tuesday to investigate Tropical Storm Erika, a disorganized system on a path yet to be pinned down. Erika touched off tropical storm watches on some of the Leeward Islands, which are about 730 …

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Association of National Advertisers Launches Patent Troll Insurance http://www.insurancejournal.com/news/national/2015/08/25/379594.htm Tue, 25 Aug 2015 16:59:14 +0000 http://www.insurancejournal.com/?p=379594 The ANA (Association of National Advertisers) has launched an insurance program to protect marketers against the expense of Patent Assertion Entities (PAEs), often known as “patent trolls.” PAEs are firms with the sole business purpose of launching patent claims against …

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Small Fleet Managers Would Choose Insurer for UBI Service: Survey http://www.insurancejournal.com/news/national/2015/08/25/379560.htm Tue, 25 Aug 2015 15:47:56 +0000 http://www.insurancejournal.com/?p=379560 More than half of small fleet managers are likely to stay with their current insurance carriers rather than switching if their insurer offers usage-based insurance (UBI) programs, according to a new survey by analytics firm Lexis Nexis. If an alternate …

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State Auto Realigns Units, Announces Leadership Hires, Changes http://www.insurancejournal.com/news/national/2015/08/25/379526.htm Tue, 25 Aug 2015 13:58:05 +0000 http://www.insurancejournal.com/?p=379526 State Auto Financial Corp. today announced changes to the company’s leadership and a redefining of the company’s key business units. The changes were announced by Mike LaRocco, who took over as president and CEO in May. Kim Garland has been …

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As Danny Fades, Atlantic’s Next Storm Taking Shape http://www.insurancejournal.com/news/national/2015/08/25/379517.htm Tue, 25 Aug 2015 12:38:27 +0000 http://www.insurancejournal.com/?p=379517 The remains of Hurricane Danny were swallowed up in a trough of low pressure in the Caribbean Sea as another storm started to develop further east in the central Atlantic. A swirl of thunderstorms and showers may be coming together …

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Cobots: Making It Safe for Humans, Robots to Work Side-by-Side http://www.insurancejournal.com/news/national/2015/08/25/379514.htm Tue, 25 Aug 2015 12:18:13 +0000 http://www.insurancejournal.com/?p=379514 In June this year a robot crushed a man to death in a Volkswagen factory in Germany. The 22-year-old maintenance worker became trapped between a large robotic arm and a metal plate, in an area usually off-bounds to humans. The tragic …

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Court Says FTC Has Power to Regulate Corporate Cybersecurity http://www.insurancejournal.com/news/national/2015/08/25/379512.htm Tue, 25 Aug 2015 12:11:07 +0000 http://www.insurancejournal.com/?p=379512 A U.S. appeals court said the Federal Trade Commission has authority to regulate corporate cyber security, and may pursue a lawsuit accusing hotel operator Wyndham Worldwide Corp. of failing to properly safeguard consumers’ information. The 3-0 decision by the 3rd …

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Chubb’s Stephenson Joins CNA Commercial as Chief Underwriting Officer http://www.insurancejournal.com/news/national/2015/08/24/379457.htm Mon, 24 Aug 2015 18:10:01 +0000 http://www.insurancejournal.com/?p=379457 CNA has appointed Julie Stephenson as senior vice president and chief underwriting officer for CNA Commercial. In this role, Stephenson will be responsible for underwriting oversight and governance for all business written within Commercial. She will report to Kevin Leidwinger, …

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ProSight Specialty, Allied Insurance Brokers Launch Scaffold Insurance Program http://www.insurancejournal.com/news/national/2015/08/24/379447.htm Mon, 24 Aug 2015 16:59:32 +0000 http://www.insurancejournal.com/?p=379447 ProSight Specialty Insurance has partnered with Allied Insurance Brokers to offer coverage for the scaffolding industry. According to The Occupational Safety and Health Administration (OSHA) it is estimated that 65 percent of construction workers spend some time working on scaffolds, …

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QBE North America Names Griffith Executive VP for Distribution http://www.insurancejournal.com/news/national/2015/08/24/379391.htm Mon, 24 Aug 2015 13:57:04 +0000 http://www.insurancejournal.com/?p=379391 QBE North America announced that Brian Griffith will join the organization on August 31 as executive vice president, Field Management and Distribution. The insurer said Griffith will lead the strategy for all distribution channels across QBE, as well agency management …

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Researchers Find Link Between Atlantic Hurricanes and Amazon Wildfires http://www.insurancejournal.com/news/national/2015/08/24/379389.htm Mon, 24 Aug 2015 13:48:48 +0000 http://www.insurancejournal.com/?p=379389 Researchers  have uncovered a “remarkably strong link” between high wildfire risk in the Amazon basin and the hurricanes that ravage North Atlantic shorelines. The wildfire-hurricane association is a result of ocean-atmosphere interactions, according to the researchers who say this north-south …

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