Archive for December 2015

Mia Chang, 51, former insurance broker and owner of Lotte Insurance Services in Southern California, was sentenced for felony insurance fraud and grand theft. Moments after her arrest Chang returned $19,218 in stolen premiums with interest to the owner of … Read More Read more here:: Insurance Journal       

A Maine working group has recommended that lawmakers pass legislation setting a blood-level limit for drivers under the influence of marijuana. The group, which includes state troopers and marijuana legalization advocates, recommended that marijuana should be regulated but disagreed on … Read More Read more here:: Insurance Journal       

Gregory M. Shepard, an activist investor who’s been a major stockholder of Pennsylvania-based Donegal Group and a frequent critic of the company, has sold his shares to the company Tuesday, according to securities filings. Shepard’s stake consisted of 3.675 million … Read More Read more here:: Insurance Journal       

Heffernan Insurance Brokers has named Christopher Mason as assistant vice president of employee benefits in its San Francisco, Calif. office. Mason previously has worked with employee benefit brokers and human resource managers. He has experience in group insurance products in … Read More Read more here:: Insurance Journal       

About 8.3 million people have signed up for health coverage through Obamacare’s U.S.-run shopping markets this year, the U.S. said Tuesday, surpassing last year’s total and signaling good news for hospital and health insurance companies. At about the same point … Read More Read more here:: Insurance Journal       

By Don Jergler When many people in the insurance industry think of the City of Hope, they probably associate it with the well-publicized National Insurance Industry Council’s Spirit of Life Award gala each year that has raised millions and brought together industry professionals … Read More Read more here:: Insurance Journal       

By Andrea Wells Charity begins at home… and in the office. The year 2015 was a record-setting one for charitable giving and volunteering by property/casualty insurance professionals in offices across the insurance industry. Leading the charitable activities for the industry is the Insurance … Read More Read more here:: Insurance Journal       

The country’s largest electricity company is on alert for cyberattacks that aim to hamper the critical flow of power and is listening to U.S. intelligence agencies about potential threats, the Duke Energy Corp. executive heading electronic protection efforts said. Duke … Read More Read more here:: Insurance Journal       

The return of banks into the European infrastructure market is denting insurers’ ability to enhance their investment returns by funding the roads, bridges and wind farms of tomorrow. European politicians have encouraged insurers to channel more of their €10 trillion … Read More Read more here:: Insurance Journal