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Life Happens

Separating Fact From Fiction When It Comes to Long-Term Care Insurance
Few people are prepared to handle the financial burden of long-term health care. In fact, many people have a false sense of security when it comes to long-term care. Let’s separate fact from fiction: “Medicare and my Medicare supplement policy will cover it.” FACTS: Medicare and “Medigap” insurance was never intended to pay for ongoing, long-term care.

POSTED JULY 24, 2017 5:06 PM
5 Things Millennials Need to Know About Life Insurance
Social fundraising only goes so far. This relatively recent phenomenon has everyone thinking that they’ll just turn to GoFundMe if things go awry in their lives. But does any grieving person want to spend time administering a social fundraising site? The chances of going viral are markedly slim, and social fundraising sites will take their cut, as will the IRS. And there is absolutely no guarantee about how much—if any—money will be raised.

POSTED JULY 05, 2017 6:56 PM
I Have Life Insurance Through My Employer. Why Do I Need Another Policy?
Life insurance should first and foremost fit the purpose—it should meet your needs. And the primary purpose of life insurance is to care for those left behind in the event of your death. With group life insurance, it’s often set at one or two times your annual salary, or a default amount such as $25,000 or $50,000. While this sounds like a lot of money, just think of how long that would last your loved ones. What would they do once that ran out?

POSTED JUNE 19, 2017 3:28 PM
Learning to Thrive to Honor Our Parents’ Memory
It was a struggle, but we learned to pay bills, wash clothes, clean house, keep up our schoolwork and provide meals. In spite of this setback, we all managed to thrive: My older brother graduated high school one month before her passing and works full-time at his manufacturing job. My older sister graduated high school with honors and is currently a sophomore at Lenoir Rhyne University majoring in psychology while doing work-study.

POSTED MAY 25, 2017 8:03 PM
The Risk of Being Uninsured (and the Hidden Bargain in Addressing It Now)
The irony is that many people pass on coverage due to perceived cost, when in fact it’s far less expensive that most people think.

POSTED MAY 11, 2017 7:48 PM

Business Insurance

Meadowbrook names underwriting chief

POSTED JULY 24, 2017 4:10 PM
Court reinstates termination suit against employer
A federal appeals court has reinstated litigation filed by a former sales and marketing director of a resort management company who was terminated three months into a one-year contract.

POSTED JULY 24, 2017 3:01 PM
Arbitrator may have exceeded authority in sex discrimination case: Court
An arbitrator may have overstepped her authority in certifying a class that included class members who have not opted in, in an eight-year-old sex discrimination case against Sterling Jewelers Inc., says a federal appeals court in overturning a lower court ruling.

POSTED JULY 24, 2017 2:52 PM
Combustible dust rule among dropped regs in Trump deregulation push
The Trump administration has dropped several potential workplace safety regulations amid the administration’s deregulation push.

POSTED JULY 24, 2017 2:30 PM
Marsh names Southeast region leader
Marsh L.L.C. has named Lou Ann Layton Atlanta-based Southeast zone leader, the brokerage said Monday.

POSTED JULY 24, 2017 1:57 PM
NFL teams defeat painkiller lawsuit arguing comp exclusivity exception
Three National Football League teams prevailed in a lawsuit brought by former players that alleged the teams intended to injure them by using medications to conceal their injuries and allow them to continue playing while injured.

POSTED JULY 24, 2017 1:52 PM
Mister Softee takes hard line on franchisees
The telltale jingle of Mister Softee might go silent along Wildwood, New Jersey’s famed boardwalk.

POSTED JULY 24, 2017 12:49 PM
Ironshore adds to international leadership

POSTED JULY 24, 2017 12:26 PM
Two injuries at aluminum facility lead to $1.9 million in fines
A New Jersey-based aluminum manufacturer is facing $1.9 million in proposed penalties by federal workplace safety regulators after two employees were hospitalized in separate incidents.

POSTED JULY 24, 2017 12:13 PM
Supreme Court ruling leads to offensive trademark requests
(Reuters) — A small group of companies and individuals are looking to register racially charged words and symbols for their products, based on a U.S. Supreme Court decision on trademarks last month.

POSTED JULY 24, 2017 10:49 AM

Risk Management

Hurricane preparation: Be sure to be insured
It’s been 10 years since a devastating hurricane has hit the Southeast. Here’s how agents can advise clients who haven’t experienced the kinds of storms that can strike the region.

POSTED JULY 25, 2017 12:15 AM
Educating homeowners about home-sharing insurance coverage
A new survey from Assurant shows that homeowners need help from the insurance industry in understanding coverage before they decide to share their home with strangers.

POSTED JULY 24, 2017 11:24 AM
New workers’ compensation strategies needed in Florida
Employers need new strategies to manage workers' compensation claims after recent Florida Supreme Court rulings. Will applying the AOE/COE principle work?

POSTED JULY 24, 2017 8:00 AM
Renter households reach 50-year high
The Pew Research Center’s analysis of Census Bureau data found that renter household percentages have increased since 2006 across a variety of demographic factors.

POSTED JULY 24, 2017 5:30 AM
4 insurance contents claim innovations born from catastrophe
The claims process is traditionally hard, complex and tedious.

POSTED JULY 24, 2017
Elderly drivers are wreaking havoc on Japan's roads
MS&AD Insurance is developing an in-car box that sounds a warning if an elderly driver's vehicle goes outside a predetermined area or drives the wrong way.

POSTED JULY 23, 2017 7:28 PM
Reinsurers find sense in ethical investing
Reinsurance is one of the more conservative disciplines in global finance. It's also one of the most forward-looking.

POSTED JULY 21, 2017 1:11 PM
Bon voyage: 4 keys to staying safe during vacation season
Public areas provide the greatest risks when traveling.

POSTED JULY 21, 2017
Latest explosive California wildfire destroys dozens of homes [slideshow]
California's Detwiler fire has grown to more than 100 square miles and forced thousands to flee their homes.

POSTED JULY 21, 2017
Determining apartment building risk
Resident data can provide insurers with a more comprehensive risk picture.

POSTED JULY 20, 2017 9:30 AM

Financial - The Hartford

The Hartford Declares Quarterly Dividend Of $0.23 Per Share Of Common Stock
HARTFORD, Conn.--The Hartford’s board of directors today declared a quarterly dividend of $0.23 per share of common stock, payable on Oct. 2, 2017, to shareholders of record at the close of business on Sept. 1, 2017. This dividend will result in an...

POSTED JULY 20, 2017 8:15 PM
The Hartford To Announce Second Quarter 2017 Financial Results On July 27
HARTFORD, Conn., July 10, 2017 – The Hartford will release its second quarter 2017 financial results on Thursday, July 27, following the close of the market.   The company will host a webcast at 9 a.m. EDT on Friday, July 28, to discuss the results....

POSTED JULY 10, 2017 8:15 PM
The Hartford Reduces Pension Liabilities By $1.6 Billion
HARTFORD, Conn.--The Hartford has entered into an agreement with Prudential Financial, Inc. (NYSE: PRU) for the company’s pension plan to purchase a group annuity contract and transfer $1.6 billion, or 29 percent of The Hartford’s $5.6 billion in U.S....

POSTED JUNE 26, 2017 11:19 AM
The Hartford Names Robert Paiano Executive Vice President And Chief Risk Officer
HARTFORD, Conn.--The Hartford has named Robert Paiano chief risk officer to lead the company’s Enterprise Risk Management operations, effective July 1. Paiano succeeds current Chief Risk Officer Robert Rupp, who is retiring. Paiano will report to The...

POSTED JUNE 12, 2017 8:15 PM
The Hartford Declares Quarterly Dividend Of $0.23 Per Share Of Common Stock
HARTFORD, Conn.--The Hartford’s board of directors today declared a quarterly dividend of $0.23 per share of common stock, payable on July 3, 2017, to shareholders of record at the close of business on June 1, 2017.

POSTED MAY 18, 2017 8:15 PM
The Hartford To Host Annual Meeting Of Shareholders On May 17
HARTFORD, Conn., May 3, 2017 – The Hartford will host its annual meeting of shareholders at 12:30 p.m. EDT, Wednesday, May 17, at its headquarters in Hartford, Conn. A live audio-cast of the meeting will be available at http://ir.thehartford.com, with a...

POSTED MAY 03, 2017 1:00 PM
The Hartford Reports First Quarter 2017 Net Income And Core Earnings Per Diluted Share* Of $1.00
Net income of $378 million increased 17% from first quarter 2016 primarily due to lower net realized capital losses, partially offset by higher catastrophe losses; net income per diluted share of $1.00 up 27% from first quarter 2016 Core earnings* of...

POSTED APRIL 27, 2017 8:15 PM
The Hartford To Announce First Quarter 2017 Financial Results On April 27
HARTFORD, Conn., March 30, 2017 – The Hartford will release its first quarter 2017 financial results on Thursday, April 27, following the close of the market.   The company will host a webcast at 9 a.m. EDT on Friday, April 28, to discuss the results....

POSTED MARCH 30, 2017 1:00 PM
The Hartford Declares Quarterly Dividend Of $0.23 Per Share Of Common Stock
HARTFORD, Conn.--The Hartford’s board of directors today declared a quarterly dividend of $0.23 per share of common stock, payable on April 3, 2017, to shareholders of record at the close of business on March 6, 2017.

POSTED FEBRUARY 23, 2017 9:15 PM
The Hartford To Participate In The Bank Of America Merrill Lynch 2017 Insurance Conference On Feb. 15
HARTFORD, Conn., Feb. 7, 2017 – The Hartford’s Chairman and CEO Christopher Swift, President Doug Elliot and Chief Financial Officer Beth Bombara will participate in a fireside chat at the Bank of America Merrill Lynch 2017 Insurance Conference at 8 a.m....

POSTED FEBRUARY 07, 2017 2:00 PM

News – Insurance Journal

Crest Insurance Group Acquires Troon in Arizona
Crest Insurance Group LLC has acquired Tucson, Ariz.-based Troon Insurance Services. Terms of the deal were not disclosed. Troon was founded by Clebern Best and has been serving the Greater Phoenix area for 20 years. Crest has Arizona offices in Tucson, …

POSTED JULY 24, 2017 11:25 PM
Chicago’s Chubb Workplace Benefits Promotes Wayland to Sr. VP
Chubb Workplace Benefits in Chicago has promoted Jon Wayland to senior vice president of sales. Wayland has 30 years of insurance industry experience and previously served as vice president of brokerage channel sales. In his new position, Wayland will continue …

POSTED JULY 24, 2017 4:32 PM
Missouri Insurance Department Recovers over $4M for Consumers
The Missouri Department of Insurance helped consumers who filed complaints against their insurance company receive an additional $4 million in claim payments in the first half of 2017. Health insurance generated the most complaints in the first half of 2017 …

POSTED JULY 24, 2017 4:28 PM
Louisiana’s Centauri National Insurance Earns Demotech ‘A’ Rating
Louisiana-based Centauri National Insurance Co. has earned a Financial Stability Rating (FSR) of A, Exceptional, from Demotech Inc. This level of FSR is assigned to insurers who possess exceptional financial stability related to maintaining positive surplus as regards policyholders, liquidity of …

POSTED JULY 24, 2017 4:24 PM
Louisiana Plans Multiple Storm Mitigation Projects
Louisiana will spend nearly $277 million in federal cash it received after last year’s floods to fortify communities against future disasters, mainly through drainage improvements and buyouts of flood-prone properties. Gov. John Bel Edwards is traveling the state to announce …

POSTED JULY 24, 2017 4:20 PM
Houston’s Dean & Draper Promotes Smith to Leadership Team
Houston-based Dean & Draper Insurance Agency LP has promoted Stephen B. Smith to executive vice president, chief operating officer and limited partner over its group of agencies. For the past year Smith has served as executive vice president of Soules …

POSTED JULY 24, 2017 4:15 PM
Ohio County Spends $200K on Cyber Insurance
The Ohio county that includes the capital city of Columbus is spending $200,000 on an insurance policy to cover cyberattacks. The Columbus Dispatch reports Franklin County’s $10 million policy will provide protection for the increasing worldwide threat. The Franklin County …

POSTED JULY 24, 2017 4:11 PM
Firefighters Gain Ground on California Fire
Firefighters are bracing for the possibility of dry lightning as they battle a stubborn blaze that has scorched nearly 120 square miles near California’s Yosemite National Park. The wildfire burning in the Sierra Nevada foothills was 50 percent contained Monday. …

POSTED JULY 24, 2017 3:14 PM
$3.1M Sex Abuse Suit Filed by Former Altar Boy Against Oregon Church
A former altar boy at a Portland, Ore. church has filed a $3.1 million lawsuit against the church contending he was repeatedly sexually abused by a choir director in the early 1960s. The Oregonian/OregonLive reported that the Portland man now …

POSTED JULY 24, 2017 3:11 PM
Colorado Wildfire Evacuation Order Lifted in Foothills
Authorities have lifted evacuations prompted by a wildfire burning near a heavily populated area in Colorado. The fire burned almost half a square mile of brush-covered foothills south of Fort Collins, triggering an evacuation south of Horsetooth Reservoir that was …

POSTED JULY 24, 2017 3:04 PM

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