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Language Lessons for Property/Casualty Insurers
InsurTech leaders speaking at the InsureTech Connect Conference in October had a message for traditional insurers they have probably heard before: The language that insurance agents and carriers use is creating a gulf between insurers and customers who struggle with …

POSTED DECEMBER 18, 2017 6:00 AM
CVS-Aetna Merger Will Influence Employers’ Benefits Decisions: Aon
CVS Corp.’s proposed purchase of Aetna Inc. will affect decision-making by a majority of large and mid-size U.S. corporations on employee health benefits, a survey by benefits consultant Aon Plc found. CVS, the second-largest U.S. pharmacy benefit manager, on Dec. …

POSTED DECEMBER 18, 2017 6:00 AM
Settlement Reached in Partisan Lawsuit Over Obamacare Subsidies
A long-running lawsuit between the Trump administration, House Republicans and Democratic attorneys general over billions of dollars of Obamacare subsidies has been settled, according to an agreement filed in federal court Friday. The settlement agreement, details of which weren’t available …

POSTED DECEMBER 18, 2017 6:00 AM
Former Tennessee Deputy Insurance Commissioner Giannini Killed in Car Crash
A former deputy commissioner of the Tennessee Department of Commerce and Insurance has died in a car crash. Media outlets report that Bill Giannini, who also was a former chairman of the Shelby County Election Commission and the Shelby County …

POSTED DECEMBER 18, 2017 5:24 AM
Orchid Underwriters Taps Cyran as Chief Underwriting Officer in Florida
Orchid Underwriters Agency, LLC, a specialty underwriter of catastrophic coastal insurance, has hired Andrew Cyran as chief underwriting officer, a new position within the organization. Effective immediately, Cyran will assume the responsibilities of carrier management, product development, underwriting portfolio management, …

POSTED DECEMBER 18, 2017 5:22 AM
Trump’s Labor Board Overturns Obama ‘Joint Employer’ Rule
A U.S. labor board on Thursday overturned an Obama-era ruling that had made it easier for unions and workers to hold companies accountable for practices of contractors and franchisees, a decision welcomed by business groups that could affect a major …

POSTED DECEMBER 15, 2017 6:03 PM
Florida Disaster Fraud Team Investigation Leads to False Claim Arrest
A Florida man was arrested last month after he was caught lying to his insurance company in an attempt to file a false insurance claim for vehicle for damage allegedly caused by Hurricane Irma, according to a statement from Florida …

POSTED DECEMBER 15, 2017 5:59 PM
Issuer Credit Rating of Ohio’s Affinity Mutual Insurance Co. Downgraded
A.M. Best announced it has has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb” from “bbb+” and affirmed the Financial Strength Rating (FSR) of B++ (Good) of Affinity Mutual Insurance Co. (AMIC) in Lima, Ohio. The outlook of …

POSTED DECEMBER 15, 2017 5:52 PM
OSHA Rule Requiring Electronic Reporting of Injuries Goes Into Effect
A federal rule requiring certain employers to electronically submit injury and illness reports goes into effect today. The rule applies to businesses in many states with 250 or more employees that are currently required to keep OSHA injury and illness …

POSTED DECEMBER 15, 2017 5:51 PM
Michigan Insurance Agent Sentenced for Embezzling $800K from Clients
A suburban Detroit insurance agent has been sentenced to at least six years in prison for embezzling more than $800,000 from a dozen elderly clients. Paul Garceau Jr. of Grosse Pointe Park had pleaded guilty to embezzlement by an agent …

POSTED DECEMBER 15, 2017 5:48 PM

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