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18
07, 2016
Insurer Competition Vital for Healthcare Consumers: U.S. Health Official
The Obama administration’s top health official highlighted the importance of competition to insurance markets, as the Justice Department is poised to decide on two massive deals among four of the health-plan industry’s biggest players. Health and Human Services Secretary Sylvia …
14
07, 2016
A.M. Best’s ‘A-‘ Rating Not as Good as It Seems: Fitch
Fitch Ratings this week warned that users of insurance ratings from four large credit rating agencies (CRAs) fail to understand differences in the rating scales – differences that separate A.M. Best from the rest of that pack. Specifically, Fitch said …
18
07, 2016
Mayor of Florida City Charged With Insurance Fraud, Suspended by Governor
Florida Gov. Rick Scott has suspended from office the mayor of the central Florida city of Tavares after he was charged with insurance fraud. Scott issued the executive order on July 14, one day after Mayor Robert Wolfe was arrested …
14
07, 2016
Insurers Applaud FAA Reauthorization Provision on Drone Use in Disasters
Insurers could soon be able to deploy drones for speedier response to natural disasters under a provision in legislation reauthorizing the Federal Aviation Administration passed by the Senate Wednesday. “The process called for in this legislation represents a vital step …
18
07, 2016
Truck Driver in Deadly Georgia Crash Gets 5 Year Prison Sentence
A Louisiana truck driver charged in a fiery interstate crash that killed five nursing students in southeast Georgia was sentenced to prison Thursday – one year for each life lost – after he pleaded guilty to first-degree vehicular homicide and …
14
07, 2016
XL Estimates Q2 Cats to Cost $240M, Led by Alberta Wildfires
XL Group Plc, the insurer that expanded last year with the purchase of Catlin Group Ltd., said second-quarter catastrophe costs were probably about $240 million pretax, with wildfires in Alberta, Canada, responsible for about half the total. Flooding in Europe …
18
07, 2016
Former Travelers’ CEO Fishman Bringing Fight Against ALS to Golf Course
Jay Fishman finds it more comfortable these days to use a wheelchair to get around, and has begun getting some help breathing from a portable ventilator. The former Travelers CEO says he’s in “the final innings” of his battle with …
14
07, 2016
New Jersey Tax Breaks Could Lure More Financial Firms to Wall Street West
New Jersey is offering almost $200 million in incentives over 10 years to insurance, technology and financial companies to operate across the Hudson River from Manhattan. One applicant, Ernst & Young U.S. LLP, would score $40 million over 10 years …
18
07, 2016
Man Playing Pokemon Go While Driving in NY Crashes Car Into Tree
A man is recovering from minor injuries he suffered when he crashed his brother’s car into a tree in central New York while playing Pokemon Go on his smartphone. Police in Auburn in the Finger Lakes region tell The Citizen …
14
07, 2016
Alabama Police Looking for Suspects in Gun Store Theft
Police in Tuscaloosa say several young men broke into a gun store and stole between 10 and 30 guns. Police Capt. Brad Mason tells the Tuscaloosa News the break-in happened early in the morning on July 12. Mason said the …