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AIG Prepares for Brexit with Authorization of UK, Luxembourg Subsidiaries
American International Group Inc. announced the authorization of new insurance companies in the United Kingdom and Luxembourg in preparation for the UK’s exit from the European Union. The formation of the two new units provides clients certainty of uninterrupted UK …

POSTED APRIL 20, 2018 12:10 PM
Tokio Marine Kiln Forms Strategic Agreement with Australian Insurtech Firm Evari
Tokio Marine Kiln (TMK), the specialist and corporate insurance business, announced it has formed a strategic agreement with Australian insurtech firm Evari. The agreement will allow TMK to access Evari’s digital insurance platform and on-demand products in the Australian market. …

POSTED APRIL 20, 2018 11:03 AM
Miller Hires RKH’s Denee, Marsh’s Moseley for Its Credit and Political Risks Team
Rosie Denee and Oscar Moseley have joined Miller to further enhance its credit and political risks offering. Both will be based in London with a focus on political risk and structured credit insurance, specifically for financial institutions. Rosie joins Miller …

POSTED APRIL 20, 2018 10:35 AM
Insurance Australia Group Plans to Sell Troubled SE Asian Businesses: Sources
Insurance Australia Group is set to sell its four Southeast Asian businesses in deals that could be valued at about $500 million, under a review of its Asian operations, three people with knowledge of the matter said. IAG, Australia’s biggest …

POSTED APRIL 20, 2018 10:07 AM
Budde Promoted to Eastern Regions CFO at AssuredPartners
AssuredPartners Inc. has promoted Gerald Budde to Eastern Regions chief financial officer. He is based in Cincinnati, Ohio. Budde will report to newly appointed Eastern Regions President Steve Deal. He started his career with EY and spent 11 years with …

POSTED APRIL 20, 2018 5:58 AM
Safeco Appoints Pooley as VP, General Manager of Southeast Region
Safeco Insurance has appointed Debra Pooley as vice president and vice president and general manager of the Southeast Region. Pooley replaces Carl Canales who has been named vice president and general manager for the Northeast Region. She is is based …

POSTED APRIL 20, 2018 5:11 AM
How to Make Implants, Pacemakers and Other Medical Devices Safer
U.S. health officials on Tuesday proposed steps to improve the government’s system for overseeing medical devices, which has been criticized for years for failing to catch problems with risky implants and medical instruments. The plan from the Food and Drug …

POSTED APRIL 20, 2018 5:00 AM
Data Breach Victims Get Second Chance Against Barnes & Noble
A federal appeals court revived a lawsuit seeking to hold Barnes & Noble Inc. responsible for customer losses from a 2012 data breach, where fraudsters tampered with payment verification machines known as PIN pads at 63 bookstores in nine U.S. …

POSTED APRIL 20, 2018 5:00 AM
Sedgwick Adds 6,000 Claims Specialists with Acquisition of Cunningham Lindsey
Memphis-based global claims services firm Sedgwick has finalized the acquisition of competitor global loss adjusting and claims management firm Cunningham Lindsey and its subsidiaries. Sedgwick purchased its competitor from CVC Capital Partners, a private investor group that has owned a …

POSTED APRIL 20, 2018 5:00 AM
Families Seek Compensation After 30 Dogs Die in Michigan Kennel Fire
Some dog owners are seeking compensation after 30 pets were killed during a spring break fire at a western Michigan kennel. Jennifer Nunez tells WOOD-TV that her family is heartbroken over the death of Harley, a Newfoundland that cost more …

POSTED APRIL 19, 2018 4:34 PM

Live Insurance News

AIG underscores travel insurance shortfalls in current ecosystem

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The changing nature of the travel industry as a whole has caused coverage to fall short of what it should be. AIG recently released a report on the current travel insurance shortfalls as travelers leave their agents behind. The report was titled “Insuring Travellers in the Digital Age.” The current travel comparison trend is boosting convenience but is leaving travelers under-insured. The AIG report pointed out that the average traveler will visit 28 websites throughout the 53 day period before they book their trips. The internet is offering them tools…

The post AIG underscores travel insurance shortfalls in current ecosystem appeared first on Live Insurance News.



POSTED APRIL 20, 2018 8:00 AM
Plexus Hires Christa Oldham as Vice President, Client Executive in Employee Benefits

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Chicago, IL, April 19, 2018 –(PR.com)– The Plexus Groupe LLC (Plexus), a national insurance brokerage and risk management consultancy with an international network, is pleased to announce the hiring of Christa Oldham as Vice President, Client Executive in Employee Benefits. She will be based out of the firm’s Chicago office. Christa brings nearly two decades of employee benefits consulting and brokerage success to Plexus. She has executed numerous high-level benefits initiatives while creating, developing, and deploying strategies to positively impact clients and their employees. At Plexus, she will be responsible…

The post Plexus Hires Christa Oldham as Vice President, Client Executive in Employee Benefits appeared first on Live Insurance News.



POSTED APRIL 19, 2018 7:00 PM
Illinois workers compensation moves through state Senate

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Senators have given the nod to new restrictions on insurance companies writing this type of policy. New Illinois workers compensation legislation has received approval in the state Senate. It applies new restrictions to insurance companies that write workers compensation policies. The insurance legislation passed the state Senate this week in a vote of 34 to 21. This Illinois workers compensation legislation is a mirror image of one that was approved by lawmakers in the state last year. However, when that proposal reached Governor Bruce Rauner’s desk, he vetoed it. This…

The post Illinois workers compensation moves through state Senate appeared first on Live Insurance News.



POSTED APRIL 19, 2018 8:00 AM
HealthCare Associates Credit Union Launches iGrad’s Enrich Financial Literacy Platform

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San Diego, CA, April 19, 2018 –(PR.com)– HealthCare Associates Credit Union is offering its members financial wellness education after launching Enrich™, an adaptive, personalized and interactive online financial literacy platform developed by the San Diego-based company iGrad. iGrad’s Enrich platform is used by more than 250 employers and financial institutions nationwide to provide comprehensive financial wellness education and action plans to employees and customers. HealthCare Associates Credit Union Senior Vice President of Strategic Initiatives Jennifer Kleinhenz said the credit union seeks to increase financial literacy and combat financial stress among…

The post HealthCare Associates Credit Union Launches iGrad’s Enrich Financial Literacy Platform appeared first on Live Insurance News.



POSTED APRIL 19, 2018 7:00 AM
UK insurance industry unprepared for Brexit, less than a year away

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Without access to the European Union’s single market, U.K. financial firms will face unprecedented struggle. Ireland’s Central Bank Deputy Governor Ed Sibley voiced his concern about the financial and insurance industry challenges following Brexit. He stated that with less than a year before the United Kingdom withdraws from the European Union, banks and insurers remain unprepared. Sibley said the EU should not attempt to stop U.K. banks and insurance companies from the single market. Sibley’s financial and insurance industry warning is in direct opposition to certain E.U. opinions. Some E.U.…

The post UK insurance industry unprepared for Brexit, less than a year away appeared first on Live Insurance News.



POSTED APRIL 18, 2018 8:00 AM
Plexus Introduces 2018 Summer Internship Program

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Deer Park, IL, April 17, 2018 –(PR.com)– The Plexus Groupe LLC (Plexus), a national insurance brokerage and risk management consultancy, is proud to introduce its 2018 Summer Internship Program for high-achieving college students. The Plexus internship program allows students entering their junior or senior year in Fall 2018 to earn valuable real-world business and insurance experience in a workplace environment annually honored as one of the "Best Places to Work in Insurance" by Business Insurance magazine and Best Companies Group. The firm seeks a pair of interns for its Deer…

The post Plexus Introduces 2018 Summer Internship Program appeared first on Live Insurance News.



POSTED APRIL 17, 2018 7:27 PM
Do I Need Mortgage Protection Insurance?

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If you have taken out a mortgage recently, you will probably have been pitched mortgage protection insurance. There are a number of different forms that this can take, but generally it will cover your home loan payments in the event that you become disabled or unemployed. Should you die, some mortgage protection plans will pay off your mortgage posthumously. But is mortgage protection insurance something that you need? Or is it just going to be another fee to pay to your bank? The answer to that question is not straightforward,…

The post Do I Need Mortgage Protection Insurance? appeared first on Live Insurance News.



POSTED APRIL 17, 2018 6:28 PM
Idaho kids health insurance system may have been overpaid

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The federal government claims it paid $3.1 million too much, thought the state disagrees. A federal agency claims it overpaid the Idaho kids health insurance program by $3.1 million from 2010 through 2013. This, according to an Office of Inspector General (OIG) of the U.S. Department of Health and Human Services audit. Idaho completely disagrees and says that all the payments it received were fully justified. The kids health insurance audit suggested that there was an overpayment and that it was Idaho’s fault. The report indicated the state should be…

The post Idaho kids health insurance system may have been overpaid appeared first on Live Insurance News.



POSTED APRIL 17, 2018 8:00 AM
American dog bite insurance claims rose to $686 million in 2017

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The country saw a 2.2 percent increase in the cost of these claims, said the Insurance Information Institute. The Insurance Information Institute has released its latest U.S. dog bite insurance claims data. The report showed a 2.2 percent increase in the total cost of claims nationwide last year. Claims values themselves increased by a considerable amount in 2017 when compared to 2016. Dog bite insurance claims values rose to over $686 million in 2017. This paid for the year’s 18,552 claims. The average cost per single dog bite claim rose…

The post American dog bite insurance claims rose to $686 million in 2017 appeared first on Live Insurance News.



POSTED APRIL 16, 2018 8:00 AM
Distracted drivers pay as much as 41 percent more for auto insurance

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Talking on a mobile phone, texting, checking a location on a map, and eating distracts motorists. It doesn’t come as much of a surprise to find out that distracted drivers are extremely commonplace on the road. Some are talking on their mobile phones. Others send texts. Some fuss with their coffee cups or drive-thru meals. Others are turned around to shout at their misbehaving children in the back seat. Whether you’re surfing through radio stations or choosing your GPS locations, you may pay more. Those distracted drivers may or may…

The post Distracted drivers pay as much as 41 percent more for auto insurance appeared first on Live Insurance News.



POSTED APRIL 13, 2018 8:00 AM

NOTICE: The links and articles found on or within this news center are simply for informational purposes that we believe may be of benefit to our clients and/or website visitors. By providing these links on our website, we are not recommending or endorsing the use of the particular products or services these third parties offer. Nor does Sawyer Insurance Agency confirm, corroborate or agree to the statistics or opinions on these links and articles. We urge you to review each website’s Privacy Policy, Disclaimers, and develop an independent opinion of the service or product for any link pursued.

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