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Category: Insurance


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How Trump Is Remaking Health Insurance Without Repealing Obamacare

June 17, 2019

Via: Insurance Journal

President Donald Trump’s attempt to transform American health insurance is almost complete. Twenty months ago, frustrated after attempts to repeal Obamacare fell apart in the Republican-controlled Senate, Trump pledged to use executive power to do what Congress failed to legislate. […]


Activity, Insurance

Insurance Rates for Crude Oil Tankers to Jump After Gulf Attacks

June 14, 2019

Via: Insurance Journal

Oil tanker owners are turning increasingly nervous about loading cargoes from the world’s largest export region for crude after the latest round of attacks on vessels. Both owners and the companies that charter their ships paused bookings on Thursday as […]


Activity, Insurance

Washington Insurance Fraud Cases Result in Guilty Pleas

June 13, 2019

Via: Insurance Journal

Two insurance fraud suspects pleaded guilty and one suspect entered a diversion program after investigations by Insurance Commissioner Mike Kreidler’s Criminal Investigations Unit. Abdikarin A. Mohamed pleaded guilty in King County Superior Court to one count of filing a false […]


Activity, Insurance

Wells Fargo Settling California Car Loan Suit for $385M

June 10, 2019

Via: Insurance Journal

Wells Fargo has agreed to pay at least $385 million to settle a California lawsuit alleging it signed up thousands of auto loan customers for costly car insurance without their consent, resulting in many having their vehicles repossessed. The bank […]


Activity, Insurance

Millennials More Likely to Buy Flood Insurance Than Baby Boomers

June 4, 2019

Via: Insurance Journal

Millennials — those born between 1981 and 1996— are nearly three times more likely to have purchased flood insurance than their older Baby Boomer counterparts born between 1944 and 1964, a new survey finds. Overall, less than half of Americans […]


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Allianz Expansion Plan Includes $1 Billion for Insurers

May 31, 2019

Via: Insurance Journal

Allianz SE agreed to buy two insurance businesses in the U.K. in deals valued at a combined $1 billion, transforming the firm into the second-biggest general insurer in the country. The Munich-headquartered company agreed to acquire the general-insurance business of […]


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New Loan Program Could Help Connecticut Homeowners with Foundation Woes

May 30, 2019

Via: Insurance Journal

Connecticut lawmakers are working to provide additional assistance to homeowners impacted by the crumbling foundations problem. The House of Representatives last week advanced a bill to the Senate, by a vote of 131-7, requiring the Connecticut Housing Finance Authority to […]


Activity, Insurance

California Commissioner to Hold Hearing on Auto Insurance Groups And Premiums

May 14, 2019

Via: Insurance Journal

California Insurance Commissioner Ricardo Lara plans to hold an investigatory hearing into how insurers’ use of occupational, educational, and other groups for setting automobile insurance rates affects insurance premiums for lower-income Californians. The hearing is set for Sept. 17 at […]


Activity, Insurance

World Insurance Associates Acquires New Jersey’s Joseph A. Britton Agency

April 30, 2019

Via: Insurance Journal

World Insurance Associates LLC, an independent insurance agency headquartered in Tinton Falls, N.J., acquired the Joseph A. Britton Agency Inc. of Mountainside, N.J., on April 1, 2019. The Joseph A. Britton Agency is a healthcare and professional liability insurance agency […]


Activity, Insurance

What’s In Store for Insurance Industry As It Enters Post-Digital Era?

April 10, 2019

Via: Insurance Journal

The insurance industry is entering a new “post-digital” era where success is based on an organization’s ability to master artificial intelligence (AI) and other new technologies. The post-digital era doesn’t mean that digital is over, but rather that it’s no […]