Archive for June 2016

By Andrew G. Simpson Commercial insurance prices increased only a bit in aggregate (less than 1 percent) during the first quarter of 2016, according to the latest Commercial Lines Insurance Pricing Survey (CLIPS). While price changes in the first quarter for most lines of … Read More Read more here:: Insurance Journal       

By Andrew G. Simpson Warren Buffett’s annual charity lunch auction drew a winning bid of $3.46 million, matching the record. That final offer came from an anonymous donor, tying the record set by another bidder in 2012 who chose to remain unknown. A crowd … Read More Read more here:: Insurance Journal       

The winners of the first annual Innovation in Insurance awards include Allianz, AXA, Europ Assistance, MS&AD Insurance, and USAA. The program, jointly launched by Efma and Accenture, seeks to reward and foster innovation in the industry, and recognizes the most … Read More Read more here:: Insurance Journal       

By Stephanie K. Jones Wisconsin insurance industry leaders are worried a potential state move toward self-insurance is already on its way to a done deal. At a Wisconsin Health News panel, panelists and audience members critiqued the possible change, which would reshape health insurance … Read More Read more here:: Insurance Journal       

Federal safety experts say errors by a Houston Ship Channel pilot likely caused the 2015 collision between two 600-foot vessels that led to a chemical spill. The Houston Chronicle reported that the National Transportation Safety Board has urged Houston officials … Read More Read more here:: Insurance Journal       

Vermont State Police are launching a summer-long campaign to crack down on speeding and aggressive driving. The effort comes as traffic fatalities year-to-date have more than doubled over last year. State police say Vermont had seen 30 traffic accident deaths … Read More Read more here:: Insurance Journal       

Louisiana drivers struggling to pay unpaid fines from lapsed car insurance coverage can now find some relief. Gov. John Bel Edwards’ office announced the governor has signed a bill to authorize driver payment plans to repay the state Office of … Read More Read more here:: Insurance Journal       

A New York doctor is headed to prison for three years for his role in a long-running bribes-for-test-referrals scheme involving a New Jersey lab company. Federal prosecutors say Bret Ostrager received a 37-month sentence Wednesday. He also must forfeit $101,271. … Read More Read more here:: Insurance Journal       

Cher has sued a financial management partnership she claims defrauded her out of more than $800,000 in investments that went belly-up. The suit was filed this weekin Los Angeles County Superior Court on behalf of Veritas Trust, of which the … Read More Read more here:: Insurance Journal