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updated Thu. May 3, 2018

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Strate Insurance Group is excited to announce that Rebecca Leach is joining the Business Insurance Sales team. After spending two years as a Business Insurance Account Manager for Strate Insurance Group, Leach is making a well-deserved role transition. In her new role, Leach will work with the Strate ...
“The National Flood Insurance Program requires premiums to rise on certain classes of properties over a period of years until they're paying the full actuarial rate on their risk,” according to analysts with the National Association of Realtors (NAR). “The 8 percent average increase is right in the range of ...

The “Career Insurance” I am referring to is a network of contacts inside the industry where you are routinely employed. This network is developed and maintained as a place to go for referrals whenever a job loss is anticipated or realized. Having a ready made place to go for job leads in the area or industry ...
In fact, that's the reaction that usually accompanies any reference to any kind of health insurance, which seems muted in comparison to people running from the room or turning openly hostile. Why? Because almost all of us hate health insurance. Why? Well, several dozen reasons leap to mind, but the most ...
Your beloved one passed away few weeks ago and now it is time to submit the paperwork to claim your life insurance death proceeds. The insurance company's claims form (just call the insurance carrier or go online for a copy) will ask for the policy number and the deceased insured's name, date of birth ...
The simplicity of term life insurance means there aren't a lot of options for someone who has a policy they can no longer afford. "There's not a ton of wiggle room," McCloskey says. The only way to reduce premiums on a term policy is to lower the death benefit or find group coverage that may have lower ...

A Montgomery man has been indicted by a grand jury on seven charges of felony insurance fraud, according to court records. Walter Mark Anderson IV, 48, was indicted on March 30 for seven alleged instances of fraud worth a combined $9,285 between June 2016 and November 2017. Anderson's arrest ...
Wells Fargo (WFC) apologized last year for charging as many as 570,000 clients for car insurance they didn't need. An internal review by Wells Fargo found that about 20,000 of those customers may have defaulted on their car loans and had their vehicles repossessed in part because of those unnecessary ...
Collins sought the ACA stabilization measures because the tax bill also revoked the ACA's individual mandate, which health care experts warned would result in more uninsured Americans and a weakening of the health insurance marketplace. The individual mandate required people to purchase ...
Widespread legalisation of cannabis – both in the US and neighboring Canada – has been one of the biggest talking points in insurance for some time now … and it doesn't look the chatter will be dying down anytime soon. Commercial insurance for cannabis will be under in the spotlight in 'From Board ...
Lisa Wharton, left, and Lori Adam, right, of Motorists Insurance talk to Canal Winchester High School students in the company's Downtown offices about career opportunities in the insurance industry. Motorists has teamed with Canal Winchester and Ohio Dominican University on the Risk Management ...
More than half of roofers nationwide (50.5%) don't have health insurance, according to an analysis of Bureau of Labor Statistics (BLS) data from career website Zippia. Other professions in the construction industry carry similarly high non-insured rates: Only 49.5% of drywall installers have health-care ...
FILE PHOTO: India's Prime Minister Narendra Modi speaks with the media inside the parliament premises on the first day of the budget session, in New Delhi, India, January 29, 2018. REUTERS/Adnan Abidi/File photo Reuters. NEW DELHI (Reuters) - India has allocated $1.54 billion for its ambitious health ...
“The program we've introduced provides insurers with versatile tools to help meet the wide range of companies in the marketplace.” ISO would not disclose which states have not approved the program. The cyber insurance market is expanding. Verisk estimates that written premium for the commercial cyber ...
A proposed federal rule would allow short-term health insurance plans to provide up to 364 days of coverage instead of the current three months. Premiums for short-term coverage generally are lower than those for one-year plans through the Affordable Care Act marketplace because they are exempt from ...
In a recent letter published in The Palm Beach Post, a representative of the insurance industry incorrectly claims that public adjusters have been lobbying against Assignment of Benefits (AOB) reform — along with lobbyists for trial lawyers and water restoration companies. This statement is wrong on so ...
Insurance broker Paul Marshall can count on his phone ringing in the aftermath of a school shooting. Since the Feb. 14 shooting at a Florida high school, where 17 people were killed and more than a dozen injured, seven South Florida school district have bought $3 million worth of “active shooter” ...

BLUEFIELD, W.Va.- Two men from Southern West Virginia pleaded guilty Wednesday in federal court for their respective roles in a scheme to commit insurance fraud. According to U.S. Attorney Michael Stuart, Dudley Bledsoe of Hanover and Ricky Gleason of Logan County pleaded guilty to a charge of ...
WASHINGTON — As Congress moves quickly toward passing regulatory relief legislation, another financial services policy goal — long-term reform of the National Flood Insurance Program — remains stalled. The House has passed a bill to extend and reform the NFIP. But the lack of consensus in the ...
You've probably never heard of it, but an arcane provision in Florida's statutes is fueling significant spikes in homeowners' insurance premiums all over the state — and earning Florida the dubious distinction of being the nation's worst “judicial hellhole.” Unscrupulous contractors, aided by their attorneys, ...
In July, Wells Fargo blamed a third-party vendor for wrongly layering insurance policies on its auto borrowers. Wells Fargo did not explain that it received payouts when those policies were written. The fact that Wells Fargo stood to profit from the insurance program will form the backbone of fresh sanctions ...
According to the report in Reuters citing people with direct knowledge of the probes, the sanctions are stemming from the fact that Wells Fargo profited from an insurance program that impacted more than a half a million people. Wells Fargo has blamed a vendor for putting the auto insurance on top of the loans of auto ...
This form of insurance is taking off in the region, brokers said. Since April 2016, Aetna, which has a major presence in Blue Bell, has signed up more than 1,000 companies in the five-county Southeastern Pennsylvania area to its version of the small-group health coverage, including a surge for this year, ...
23, 2018, file photo, people walk past offices of the Anbang Insurance Group in Beijing. China's government announced plans Tuesday, March 13, 2018, to create a newly powerful regulator to oversee scandal-plagued banking and insurance industries as they try to reduce debt and financial risks.
"Advances in vehicle technology have made the operation of vehicles, including trucks, safer over time and you would expect that in terms of modernization of the industry," explained Paul Brocklebank, president and CEO of Canal Insurance Company. Yet this in turn has made today's trucks more ...
All insurance policies expect the holder to take reasonable care to reduce risk – indeed not doing so can often invalidate the policy – and cyber liability insurance is no different. Businesses are seeing an increase in cyber threats with attacks rising by 164% in 2017 compared with 2016. Skilful hackers ...
NSM Insurance Group, a Conshohocken, Penn.-based insurance program administrator, has hired Marc Castellucci as chief operating officer. Castellucci has spent several years in a variety of claims leadership roles, most recently as the vice president of claims for American Family Insurance since May, ...
MOUNTLAKE TERRACE — Premera Blue Cross is pledging to spend $250 million over the next five years in Washington and Alaska to stabilize the individual insurance market, improve access to health care in rural areas and support behavioral health initiatives. The insurance company is using a ...
The story of Mark Sveen and Kaye Melin is (at least according to Mark's children, Ashley and Antone) a familiar one. After the couple married in 1997, Mark named Kaye as the primary beneficiary of his life-insurance policy. A decade later, they divorced, but Mark never changed the designation on his ...
Finding the right car insurance company can sound complicated. For example, J.D. Power, a marketing information services company, ranks the best insurance companies every year based on factors such as price, policy offerings, billing, claims, and customer interaction. Trying to compare insurance ...
However, you can ask for a replacement cost value insurance policy, which would cover the cost of repairing or replacing your belongings at as-new prices. If a leak from your neighbor's broken pipe destroys your couch, insurance would allow you to buy a new couch, rather than just paying you the ...
Program manager NSM Insurance Group reports that James Gara has joined the company as program director of AllComp Solutions, NSM's monoline workers' compensation division. Gara brings casualty underwriting experience in the middle and national account arena. As a national account underwriter, ...
“Motorists who log mega-miles may cry foul about the idea of [pay-per-mile], but here's how I see it: You already pay more for gas and maintenance, based on how much more you use your car versus a more casual use motorist. So extending that idea to insurance seems to make perfect sense,” Clark notes.
It's nearly impossible to read the news these days without seeing headlines of allegations of sexual misconduct in the workplace. The news is in turn prompting employers to wonder what role, if any, insurance plays in handling claims should they arise. As Marie-France Gelot, senior vice president and ...
COLUMBIA – South Carolina taxpayers could have to fund insurance coverage for autistic children under a legislative proposal. The proposal that would put autistic children not covered by a 2007 bill in a high-risk insurance pool was advanced by a state Senate panel. Both the House and the Senate have ...
Across the country, people who buy health insurance on exchanges could see their premiums rise between 12 and 32 percent in 2019, according to an analysis released Thursday by Covered California, the state exchange that sells insurance to 1.2 million residents who don't receive health coverage ...
Do home-sharing services provide any insurance? G.P., Baltimore, Md. AHome-sharing services may offer some coverage, but ask about limits or gaps. Airbnb provides (free) $1 million in insurance for damages and $1 million for liability. HomeAway provides $1 million in liability coverage at no charge and ...
For the third year in a row, base insurance rates offered by at least 20 companies went up across Washington in 2017. According to the Washington state Office of the Insurance Commissioner, base car insurance rates went up by 7 percent on average in 2017. In 2016, base rates went up by an average of ...
Two South Carolina men are accused of attempting to obtain insurance money from an Upstate business after claiming one of them had suffered a fall in the store which the other witnessed. Kevin Robert Desanto, 37, and William Guido Slater, 58, both of Anderson, were charged with presenting a false ...
If your home sustained damage in the storm, create a list of damaged items and take photos and do not throw away damaged items until after an adjuster visits your home, according to Central Insurance Companies. Also, save receipts of any money you do spend on repairs and submit them to your ...
Hobbs said employers have the right to file a lawsuit if they don't like the bill. “Health care is about the individual, not about them,” said Hobbs. Insurance companies must offer the abortion coverage if they offer maternity coverage starting January 1, 2019, if Inslee signs the bill as expected. How companies who don't want to ...
SAN ANTONIO - As you plan those spring and summer getaways, should you buy travel insurance? In an uncertain world with natural disasters, terrorist attacks and personal injuries or illnesses, canceling a trip at the last minute could mean money out the window. Paulette Mann had to cancel her family's ...
After leading one of New England's biggest commercial insurance brokerages for 16 years, Phil Edmundson thought he was done with running a company. He sold Boston-based William Gallagher Associates in 2015 to the global brokerage Arthur J. Gallagher& Co. (The similar name was just a ...
France's AXA moved to buy Bermuda-based XL Group for $15.3 billion on Monday to create what it said would be a world leader in property and casualty insurance. Europe's second-biggest insurer offered $57.60 for each XL share, a 33 percent premium to Friday's closing price, and said buying XL would ...
If you're a homeowner in Florida relying on flood zone maps to decide whether to buy insurance, you may want to check your drivers license instead. "If it says Florida, you need flood insurance," said Roy Wright, who oversees the Federal Emergency Management Agency's National Flood Insurance ...
State Farm Insurance Agent Burt Foon feels that educating people about what insurance they are considering and what they need to protect themselves is so much more important than simply selling insurance. “I am trying to educate our clients in what they are buying,” Foon said. Foon said he was flattered ...
That's because California mismanaged its unemployment insurance program worse than most other states and has been slow in rectifying the shortfall. When the last recession hit in 2008, the state fund quickly ran out of money, forcing it to borrow heavily from the federal government and running up a ...
China's insurance regulator said on January 23 that it will take control of Anbang Insurance Group for a year, from February 23. Former Anbang chairman Wu Xiaohui has been prosecuted for alleged "economic crimes." The regulator said it will maintain the company as a private enterprise even amid an ...
LANSING — Michigan lawmakers have been trying unsuccessfully for years to overhaul or get rid of the state's costly no-fault auto insurance system. Now, a bipartisan group of lawmakers thinks it has the answer: Get rid of the requirement for mandatory auto insurance coverage altogether. The "Macomb ...
Insurance company Chubb said on Friday that it will stop underwriting a National Rifle Association-branded insurance policy for gun owners. The insurance aims to help gun owners cover legal costs when they use their firearms for self defense. Owners need to carefully evaluate their coverage, particularly ...


 

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