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News Center

Life Happens

What Is a Romantic Partner Really Looking for? (It’s probably not what you think)
n this Instagram-able world, when it comes to attributes we look for in a romantic partner, we might think "looks" and "style" would come up at the very top of the list. Not so.

POSTED FEBRUARY 02, 2018 4:38 PM
Join Us for a Special “Insure Your Love” Twitter Chat on Valentine’s Day
Join Life Happens as we moderate a Twitter Chat focused around romance, couples and finances during Insure Your Love Month. We anticipate plenty of activity from consumers, the media, insurance companies, agents and advisors. We hope the chat helps promote how important financial fitness, including having adequate life insurance, is for couples. Date: Wednesday, Feb. 14 […]

POSTED JANUARY 24, 2018 5:21 PM
Do I Still Need Life Insurance Once I Retire? Your Questions Answered
Just because you’re retired doesn’t necessarily mean you’re financially sound. Think of all the different scenarios that may still be applicable: You may have been required to retire early; you may have had investments that have gone sour and haven’t had time to rebuild your nest egg. Additionally, there may be a need to cover final expenses, you may have children still at home who depend on the them, or you may have a family member like an aging parent or special-needs sibling that you provide financial support for.

POSTED JANUARY 09, 2018 11:00 AM
You Think You Won’t Qualify for Life Insurance, but You’re Wrong
Think you can’t qualify for life insurance? Think again. You want to protect your loved ones for the future once you’re no longer around to provide for them. We all do. Life insurance gives you that peace of mind that your family will be taken care of after you’re gone. However, you’re also worried that your health issues mean you won’t qualify for life insurance because it is meant for healthy people only. So what do you do?

POSTED DECEMBER 12, 2017 11:00 AM
Here’s Why Millennials Aren’t Buying Life Insurance (and why they are wrong!)
Only 52% of Millennials have life insurance, but a whole lot more than that have loved ones—spouse, partner, kids, aging parents—that need financial protection if something were to happen to them. Here's what the 2017 Insurance Barometer Study by Life Happens and LIMRA found:

POSTED NOVEMBER 15, 2017 11:00 AM

Business Insurance

Marsh launches general liability construction product

POSTED FEBRUARY 20, 2018 2:29 PM
Vehicle-related comp claims rising in last decade
Vehicle-related workers compensation claims have been rising annually in claims count and in percent of total claims, according to data from AF Group.

POSTED FEBRUARY 20, 2018 2:21 PM
Damaged cargo dispute remanded to lower court
A lower court is going to have to decide after further investigation how much of the $918,000 claim Lloyd’s of London paid in connection with damaged cargo it may be able to recover, says an appeals court, in overturning a lower court ruling and remanding a case back to the lower court.

POSTED FEBRUARY 20, 2018 1:45 PM
Everest announces hires for new private nonprofit
Everest Re Group Ltd. said Tuesday it had formed a private, nonprofit unit as part of the expansion of its Everest Specialty Underwriters financial lines division.

POSTED FEBRUARY 20, 2018 1:24 PM
Lesser-known N. Korea cyber-spy group goes international: Report
(Reuters) — A North Korean cyber espionage group previously known only for targeting South Korea's government and private sector deepened its sophistication and hit further afield including in Japan and the Middle East in 2017, security researchers said Tuesday.

POSTED FEBRUARY 20, 2018 12:58 PM
Kentucky accuses Cardinal Health of contributing to opioid epidemic
(Reuters) — Kentucky’s attorney general has filed a lawsuit against Cardinal Health Inc., accusing the drug distributor of contributing to the opioid epidemic.

POSTED FEBRUARY 20, 2018 12:54 PM
Manufacturer cited for safety hazards after finger amputation
The U.S. Occupational Safety and Health Administration on Friday has cited a Mobile, Alabama-based fiberglass pipe manufacturer for safety and health violations after an employee suffered a finger amputation.

POSTED FEBRUARY 20, 2018 12:44 PM
RiskBlock Alliance adds 18 members, including major insurers
The RiskBlock Alliance, the distributed ledger technology consortium formed by The Institutes in Malvern, Pennsylvania, has seen 18 new members join, including several major insurance players, The Institutes said in a statement Monday.

POSTED FEBRUARY 20, 2018 11:54 AM
Environmental contractor settles OSHA retaliation claim
The U.S. Occupational Safety and Health Administration and Environmental Management Specialists Inc. have settled a lawsuit alleging the company retaliated against an employee who reported workplace safety concerns.

POSTED FEBRUARY 20, 2018 10:50 AM
Aspen closes property insurance unit in Bermuda
Aspen Insurance Holdings Ltd. closed its Bermuda-based U.S. property insurance unit last week as a result of catastrophe loss activity during 2017, a company spokeswoman said Tuesday.

POSTED FEBRUARY 20, 2018 10:39 AM

Risk Management

2017 natural disasters mean insurance rate increases in 2018
While insurance industry surplus reached an all-time high in mid-2017, exceeding $700 billion, last year’s catastrophic events’ effect on earnings means thin profit margins for many carriers.

POSTED FEBRUARY 20, 2018 12:43 PM
The role of automation in data security
As compliance requirements multiply and become more fragmented, it's increasingly difficult to maintain uniformity in all 51 states.

POSTED FEBRUARY 20, 2018 6:15 AM
Cyber hacks cost up to $109 billion in 2016, U.S. estimates
Malicious cyber activity cost the U.S. economy between $57 billion and $109 billion in 2016, the White House said Friday.

POSTED FEBRUARY 16, 2018 2:15 PM
Allianz raises its dividend, shrugging off hurricane claims
A record year for natural-disaster insurance claims worldwide and a decline in fourth quarter profit wasn’t enough to stop Allianz SE from raising its dividend.

POSTED FEBRUARY 16, 2018 11:30 AM
It's sink or swim time for the National Flood Insurance Program
For a program that already was $25 billion in debt, the added burden spotlighted just how precarious the future may be for the federally funded program.

POSTED FEBRUARY 16, 2018 6:30 AM
Self-driving cars, data prompt new auto insurance products
The exponential growth of semi-autonomous cars requires rapid change on the part of producers and insurers alike.

POSTED FEBRUARY 15, 2018 11:35 AM
Insurance archaeology & environmental claims
These unique investigations help insurers determine coverage for long-tail claims.

POSTED FEBRUARY 15, 2018 6:00 AM
Former insurance brokerage company CFO sentenced to prison
The former chief financial officer of Market Finders Insurance Corporation has been sentenced in federal court to 37 months in prison.

POSTED FEBRUARY 15, 2018 6:00 AM
2018's 10 best states to drive in
No traffic, no problem. Driving through these states will feel like a breeze.

XL chief is trimming hedge fund wagers in $38 billion portfolio
XL is among insurers including AIG and MetLife Inc. that have shrunk allocations to hedge funds after years of high fees and performance that lagged benchmarks.

POSTED FEBRUARY 14, 2018 1:54 PM

News – Insurance Journal

SMEs Underestimate Cyber Risks Which Could Prove ‘Fatal’: Allianz Report
Small- and medium-sized enterprises are waking up to the realities of cyber risks but still underestimate their exposures, which could prove catastrophic for some, according to a report published by Allianz Global Corporate & Specialty (AGCS). For medium-sized companies with …

POSTED FEBRUARY 21, 2018 9:13 AM
India Cyber Bank Heist Used ‘Similar’ Methods to $81M Bangladesh Bank Hack
Hackers who tried to steal nearly $2 million from India’s City Union Bank this month used tactics similar to those employed in the unsolved cyber heist of $81 million from Bangladesh’s central bank in 2016, City’s CEO said on Monday. …

POSTED FEBRUARY 21, 2018 7:36 AM
Government Servers in Savannah, Georgia Hit by Malware Attack
Officials in Savannah, Ga., are taking extra precautions to protect employees’ email accounts and government computer servers as Savannah City Hall recovers from a malware virus attack. Local officials said in a news release Feb. 17 that city staff workers …

POSTED FEBRUARY 21, 2018 6:06 AM
Artificial Intelligence Raises Real Risks from Malicious Hackers, Rogue States
Rapid advances in artificial intelligence are raising risks that malicious users will soon exploit the technology to mount automated hacking attacks, cause driverless car crashes or turn commercial drones into targeted weapons, a new report warns. The study, published on …

POSTED FEBRUARY 21, 2018 6:00 AM
Personal Privacy and the War Over Connected Driver Data
Picture this: You’re driving home from work, contemplating what to make for dinner, and as you idle at a red light near your neighborhood pizzeria, an ad offering $5 off a pepperoni pie pops up on your dashboard screen. Are …

POSTED FEBRUARY 21, 2018 6:00 AM
Panettiere Appointed SVP of Lockton Employee Benefits in Atlanta
Chris Panettiere has been appointed as Lockton’s new senior vice president of Employee Benefits. He will be based out of the company’s Atlanta office. Prior to joining Lockton, a privately held, independent insurance broker and consultant, Panettiere headed the Georgia …

POSTED FEBRUARY 21, 2018 5:53 AM
Kentucky Sues Cardinal Health Over State Opioid Epidemic
Kentucky’s attorney general on Monday filed a lawsuit against drug distributor Cardinal Health Inc , accusing it of contributing to the opioid epidemic by failing to halt or report suspiciously large or frequent orders by pharmacies of prescription painkillers. Attorney …

POSTED FEBRUARY 21, 2018 5:29 AM
U.S. Supreme Rules Against Insurer’s Appeal Challenging Profits in Rate Setting
The U.S. Supreme Court on Tuesday declined to hear Mercury Insurance Co.’s appeal to overturn a February 2017 California Court of Appeal ruling that held Insurance Commissioner Dave Jones’ 2013 order requiring the insurer to reduce its homeowner insurance rates …

POSTED FEBRUARY 21, 2018 12:05 AM
Woodruff-Sawyer in California Names Johnston Vice President of Aviation
San Francisco, Calif.-based Woodruff-Sawyer & Co. has named Drew Johnston vice president of aviation. Johnston will develop the strategy and steer the growth of the newly formed aviation practice, which will focus on insurance and risk management solutions for the …

POSTED FEBRUARY 20, 2018 11:49 PM
Safeco to Take Up Mapfre’s Tennessee, Kentucky, Indiana Business
MAPFRE Insurance, which last year decided to exit five states and focus on 11, is turning over its personal lines business in three of the five states it is leaving to Safeco Insurance, a Liberty Mutual unit. MAPFRE has agreed …

POSTED FEBRUARY 20, 2018 8:27 PM

NOTICE: The links and articles found on or within this news center are simply for informational purposes that we believe may be of benefit to our clients and/or website visitors. By providing these links on our website, we are not recommending or endorsing the use of the particular products or services these third parties offer. Nor does R Hobbs Insurance Agency Inc confirm, corroborate or agree to the statistics or opinions on these links and articles. We urge you to review each website’s Privacy Policy, Disclaimers, and develop an independent opinion of the service or product for any link pursued.

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