Archive for February 2016

President Barack Obama is having a tough time winning friends for his Cadillac tax. His plan to dial back the unpopular Obamacare tax on high- cost health plans, to be detailed in the fiscal 2017 budget he’ll release Feb. 9, … Read More Read more here:: Insurance Journal       

Advertisers played it safe and light with the most expensive ever Super Bowl ad slots on Sunday, shunning previous years’ attempts to be outrageous, emotional or thought-provoking. Mountain Dew rolled out a creature made from a puppy, a monkey and … Read More Read more here:: Insurance Journal       

Underwriting discipline in the marine protection and indemnity (P&I) sector will be tested over the February 2016 renewal period due to market and competitive forces buffeting the sector, according to A.M. Best in a new report. Free reserves are at … Read More Read more here:: Insurance Journal       

By Jonathan Stempel Foreign sovereign wealth funds are not automatically immune from U.S. lawsuits claiming that they defrauded investors into buying securities in the United States by making misleading statements outside the country, the federal appeals court in Manhattan ruled. The 2nd U.S. … Read More Read more here:: Insurance Journal       

Insurance Technologies Corporation (ITC), a Carrollton, Texas-based provider of agency marketing, rating and management software and services, announced that a panel of online aggregators will present the keynote address at ITC Agent Conference 2016. The panelists include Google Compare, Compare.com, … Read More Read more here:: Insurance Journal       

Delaware officials are updating this year’s final enrollment numbers on the state’s health insurance exchange. Sunday was the deadline to sign up for exchange coverage this year under the Affordable Care Act. Federal officials reported last week that more than … Read More Read more here:: Insurance Journal       

The Hanover Insurance Group Inc. posted Thursday net income of $77.6 million for the 2015 fourth quarter, down 13 percent from $89.9 million net income during the 2014 fourth quarter. The Worcester, Massachusetts-based insurer said net income for the full-year … Read More Read more here:: Insurance Journal       

Oklahoma Gov. Mary Fallin says the federal government has approved the state’s request for disaster assistance to three more counties as a result of damage from a November ice storm. Fallin said that the Federal Emergency Management Agency agreed to … Read More Read more here:: Insurance Journal       

Federal safety regulators have cited a performing arts employer after 21-year-old worker died following a pyrotechnics explosion at a musical venue in Canyon, Texas. Texas Panhandle Heritage Foundation Inc. was cited for six serious violations as a result of the fireworks explosion at … Read More Read more here:: Insurance Journal