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Insurance Information and News http://insurepoints.com InsurePoints.com Tue, 25 Aug 2015 09:58:32 +0000 en hourly 1 http://wordpress.org/?v=3.0.3 RSA gets a revised offer from Zurich Insurance http://insurepoints.com/rsa-gets-a-revised-offer-from-zurich-insurance/ http://insurepoints.com/rsa-gets-a-revised-offer-from-zurich-insurance/#comments Tue, 25 Aug 2015 09:58:32 +0000 administrator http://insurepoints.com/rsa-gets-a-revised-offer-from-zurich-insurance/ News from CNBC:

Gianluca Colla | Bloomberg | Getty Images

British insurer RSA received a 550 pence all-cash takeover proposal from rival Zurich Insurance on Tuesday, valuing the firm at 5.6 billion pounds ($ 8.82 billion) and paving the way for one of Europe’s largest insurance deals.

Zurich said last month it was weighing a possible offer for RSA, which would make the Swiss firm the leader in British commercial insurance, help it expand into Canada, Latin America and the lucrativ……….. continues on CNBC.

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Stalled Insurance: Untraditional plans affect all on the road http://insurepoints.com/stalled-insurance-untraditional-plans-affect-all-on-the-road/ http://insurepoints.com/stalled-insurance-untraditional-plans-affect-all-on-the-road/#comments Wed, 19 Aug 2015 09:25:43 +0000 administrator http://insurepoints.com/stalled-insurance-untraditional-plans-affect-all-on-the-road/ News from WLS-TV:

CHICAGO (WLS) –

If you’re in a car wreck, you want your coverage to kick in quickly, but that is not always the case if you, or the person who hits you, has a “non-standard” insurance policy.

The I-Team found cases in which people waited several weeks, or even more than a year, for what they call “stalled insurance.”

Todd Jeffers says he filed a claim with another driver’s insurance company after he was hit, but that company, the “low cost” or “non-standard” insurer Unique didn’t pay the claim for almost 2 months.

“It made me feel like they didn’t want to pay that they didn’t want to handle my claim,” Jeffers says.

He got a check for almost $ 1,300 after the I-Team got involved.

“Now all of the sudden they are cooperating,” he says.

According to the Illinois Department of Insurance, the wait could be considered a reasonable amount of time; under state law a company has 30 days to send a check if the claim is approved and only has to send a letter of explanation if a third party claim is still open after 60 days.

Charles Turn……….. continues on WLS-TV.

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The 10 best workplaces in insurance http://insurepoints.com/the-10-best-workplaces-in-insurance/ http://insurepoints.com/the-10-best-workplaces-in-insurance/#comments Tue, 18 Aug 2015 15:32:17 +0000 administrator http://insurepoints.com/the-10-best-workplaces-in-insurance/ News from Fortune:

As more Baby Boomers retire and Millennials increasingly seek high-paying jobs in tech and finance, the insurance industry is feeling a talent pinch. According to the U.S. Bureau of Labor Statistics, nearly 51 million insurance jobs are expected to become available by 2022 — owing to industry growth and openings created by retirees.

To face that talent shortage head on, employers are trying to make the work — namely, selling insurance — more attractive. They’re trying to entice prospective appraisers, actuaries, claims processors, and sales agents by mirroring the cultural offerings of big tech companies. Some are increasing pay packages (the median annual industry wage in 2012 was $ 34,750) while adding to already healthy benefits programs. Other firms are even offering free meals, onsite massages, and, in one instance, building a ferris wheel at headquarters (see No. 1 on our list below). And, for the moment, it seems to be working. Turnover at these firms is low and their workers tell us they’re happy and are staying put.

To compile a list of the best workpla……….. continues on Fortune.

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How IoT Will Change Your Relationship With Insurance http://insurepoints.com/how-iot-will-change-your-relationship-with-insurance/ http://insurepoints.com/how-iot-will-change-your-relationship-with-insurance/#comments Mon, 17 Aug 2015 21:36:27 +0000 administrator http://insurepoints.com/how-iot-will-change-your-relationship-with-insurance/ News from TechCrunch:

Between TVs, refrigerators, ovens, light bulbs, cars, fitness trackers and jewelry, it seems like everything these days is connected to the Internet. It’s probably safe to say that you’re already using a few connected devices in your daily life. You’re not alone; Business Insider Intelligence……….. continues on TechCrunch.

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Hackers use insurance gadget to remotely control Corvette http://insurepoints.com/hackers-use-insurance-gadget-to-remotely-control-corvette/ http://insurepoints.com/hackers-use-insurance-gadget-to-remotely-control-corvette/#comments Fri, 14 Aug 2015 03:35:22 +0000 administrator http://insurepoints.com/hackers-use-insurance-gadget-to-remotely-control-corvette/ News from Fox News:
Published August 13, 2015

Car hackers have struck again, this time stopping a Chevrolet Corvette in its tracks, then not letting it stop at all.

The vehicle was fitted with a dongle from Metromile that plugs into a car’s OBD2 port to provide a stream of data that the company uses to charge insurance rates based on how a person drives. Such “by-the-mile” and “safe driver” plans are becoming increasingly popular across the United States, and this particular company provides the service to some Uber drivers.

Wired reports that researchers at the University of California at San Diego (UCSD) reverse engineered the cellular-connected device, discovered several security flaws, and developed a way to use it to control several of the 2013 Corvette’s systems by simply sending it text messages.

In a video demonstrating……….. continues on Fox News.

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Canada’s SCM Insurance Services on Auction Block http://insurepoints.com/canadas-scm-insurance-services-on-auction-block/ http://insurepoints.com/canadas-scm-insurance-services-on-auction-block/#comments Wed, 22 Apr 2015 21:26:10 +0000 administrator http://insurepoints.com/canadas-scm-insurance-services-on-auction-block/ News from Wall Street Journal:

Canada’s SCM Insurance Services, which provides claims management and other services to the property and casualty insurance industry, is on the auction block, according to people familiar with the matter.

SCM, majority owned by Torquest Partners, a Toronto-based private-equity firm, is working with Morgan Stanley MS 1.22

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The Long-Term Care Insurance Industry Ponders Its Future: Seven Trends To … http://insurepoints.com/the-long-term-care-insurance-industry-ponders-its-future-seven-trends-to/ http://insurepoints.com/the-long-term-care-insurance-industry-ponders-its-future-seven-trends-to/#comments Fri, 10 Apr 2015 03:29:04 +0000 administrator http://insurepoints.com/the-long-term-care-insurance-industry-ponders-its-future-seven-trends-to/ News from Forbes:

I recently returned from a few days at the long-term care insurance industry’s national conference, held this year in Colorado Springs. The organizers asked me to participate in a panel discussion on policy solutions to the challenges of financing long-term supports and services. But I also had an opportunity to listen to what insurance company executives, brokers, and actuaries had to say about their industry’s future.

In short, they see a very uncertain world. Carriers are experimenting with new products but few are making major commitments. They are struggling to identify new buyers and are more concerned with reducing risk than opening new markets. And, in a major shift from a few years ago, many attendees were looking for ways to partner with government and create some form of public/private insurance.

The industry is going through an extremely difficult period. Sales……….. continues on Forbes.

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Driving without insurance? Police in Michigan can now tell just by running … http://insurepoints.com/driving-without-insurance-police-in-michigan-can-now-tell-just-by-running/ http://insurepoints.com/driving-without-insurance-police-in-michigan-can-now-tell-just-by-running/#comments Mon, 30 Mar 2015 15:52:47 +0000 administrator http://insurepoints.com/driving-without-insurance-police-in-michigan-can-now-tell-just-by-running/ News from MLive.com:

BAY COUNTY, MI — Police now have an easier way of telling if you are riding dirty on the streets of Michigan.

As of mid-September, police throughout the state can determine if a motor vehicle is properly insured simply by running its license plate.

“When they run a license plate on an in-car computer, it will tell them if the driver of the vehicle has insurance that’s valid or not,” said Bay County Undersheriff Troy Cunningham. “It doesn’t apply to motorcycles or commercial vehicles at this time.”

Michigan State Police 1st Lt. David Simon, commander of the Tri-City Post in Bay County’s Williams Township, also said the new technology has led to his troopers issuing more tickets with greater ease.

“It is convenient and it’s nice for the officers to verify if someone’s got insurance or not. It’s one more thing we can do at a traffic stop or at a crash.”

The 1st and 15th of each month, insurance companies submit reports to the Michigan Secretary of State detailing who is insured, Cunningham said. Bay Cou……….. continues on MLive.com.

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Rise in government insurance rates to mirror rising waters, flood debt http://insurepoints.com/rise-in-government-insurance-rates-to-mirror-rising-waters-flood-debt/ http://insurepoints.com/rise-in-government-insurance-rates-to-mirror-rising-waters-flood-debt/#comments Sun, 29 Mar 2015 21:43:06 +0000 administrator http://insurepoints.com/rise-in-government-insurance-rates-to-mirror-rising-waters-flood-debt/ News from Washington Post:
Jeff Heuwinkel, 28, of the District photographs “the awesome power of water” in Potomac, Md., at the C&O Canal National Historic Park. After Hurricane Sandy, the Potomac River exceeded flood stage. (Katherine Frey/The Washington Post)
March 28 at 5:46 PM continues on Washington Post.

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EIB WEB PAGE DISGRONIFIER – RushLimbaugh.com http://insurepoints.com/eib-web-page-disgronifier-rushlimbaugh-com/ http://insurepoints.com/eib-web-page-disgronifier-rushlimbaugh-com/#comments Thu, 26 Mar 2015 03:31:27 +0000 administrator http://insurepoints.com/eib-web-page-disgronifier-rushlimbaugh-com/ News from EIB WEB PAGE DISGRONIFIER – RushLimbaugh.com:

March 25, 2015

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continues on EIB WEB PAGE DISGRONIFIER – RushLimbaugh.com.

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