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News Center


Life Happens

Join Our Twitter Chat About the Importance of Disability Insurance on May 1
Join Life Happens on May 1 at 1E as we moderate a Twitter Chat focused on how important disability insurance is and why this is so critical for anyone who works and relies on their paycheck (and who of us doesn't). Despite this fact, only 20% of employed Americans say they have disability insurance.

POSTED APRIL 16, 2018 6:52 PM
Key Findings for the 2018 Insurance Barometer Study
Each year Life Happens and LIMRA join forces to get the latest and greatest information about what consumers are thinking when it comes to their financial concerns as well as what insurance coverages they do or don’t have—and why! And that’s just the start. Here are some of the key findings:

POSTED APRIL 10, 2018 11:00 AM
799,182 Reasons to Buy Life Insurance
But assuming you’ll rely on a crowdfunding site if tragedy befalls? Which would you prefer during a time of intense stress—a new technology that enables panicked fundraising by your grieving family, or a time-tested financial tool that delivers funds immediately to your beneficiaries in a cash lump sum to pay immediate expenses, such as the funeral and burial, and in addition, all the day-to-day bills and debts that will have to be paid as life continues on.

POSTED APRIL 03, 2018 11:00 AM
Here’s Where #FOMO Is Doing You a Disservice
One recent college grad recently confessed to me that he hadn’t elected into any of his employee benefits at the dream job he got in his field because “my dad takes care of that.” He was shocked to learn what he was missing out on!

POSTED MARCH 14, 2018 2:29 PM
If This Devastating Experience Has Taught Me Anything …
If this devastating experience has taught me anything, it is this: financial planning for these situations is absolutely invaluable. I won’t soon forget the stress and despair that I have experienced, and I now realize that to have a life insurance policy is to throw your surviving family members a crucial lifeline. Though no one can ever prepare you for the trauma of losing a parent, life insurance allows you to grieve without the constant stress of financial burden, and for that reason, it is an absolutely essential precaution.

POSTED MARCH 02, 2018 4:37 PM

Business Insurance

Cannabis businessowners policy developed for California


POSTED APRIL 20, 2018 3:05 PM
California appeals court rules for insurers in railroads’ coverage dispute


POSTED APRIL 20, 2018 2:35 PM
Settlement allows pizzerias to digest a piece-ful coexistence
The saga of two battling New York pizzerias came down to Earth on Thursday after being tossed around in federal court.

POSTED APRIL 20, 2018 2:00 PM
Calif. settles with eight doctors in ‘underground regulations’ case
The California Division of Workers Compensation on Thursday settled with eight doctors who accused regulators of relying on “underground regulations” to its medical billing rules to deny their reappointment as qualified medical evaluators, an attorney representing the doctors confirmed Friday.

POSTED APRIL 20, 2018 1:50 PM
Ohio comp bureau can subrogate benefits costs: State high court


POSTED APRIL 20, 2018 1:22 PM
AIG unit not obligated to pay interest in dispute with seat-belt maker
An American International Group Inc. unit is not obligated to pay post-judgment interest in products liability litigation filed against a seat belt manufacturer under its excess policy, said a federal appeals court Friday, in affirming a lower court’s ruling.

POSTED APRIL 20, 2018 1:01 PM
Ohio secures five comp fraud-related convictions in March
The Ohio Bureau of Workers Compensation secured five fraud-related convictions in March, with restitution orders totaling more than $41,000 and bringing this year’s total to 12, according to a press release.

POSTED APRIL 20, 2018 12:46 PM
Lance Armstrong settles federal fraud case for $5M
(Reuters) — Former cycling champion Lance Armstrong on Thursday agreed to pay $5 million to settle a federal suit claiming he defrauded his sponsor, the U.S. Postal Service, by using performance-enhancing drugs, his attorney and federal officials said.

POSTED APRIL 20, 2018 10:36 AM
Wells Fargo agrees to pay $1 billion to settle customer abuses


POSTED APRIL 20, 2018 10:17 AM
Ontario expands firefighter cancer presumption for comp
With the expanded presumption, firefighters diagnosed with three additional types of cancers will encounter an expedited process for workers compensation benefits, according to the Ontario Ministry of Labor.

POSTED APRIL 20, 2018 8:52 AM

News – Insurance Journal

U.S., Europe Order Emergency Checks on 700 Engines Like One in Southwest Accident
U.S. and European airline regulators on Friday ordered emergency inspections within 20 days of nearly 700 aircraft engines similar to the one involved in a fatal Southwest Airlines engine blowout last week, citing risks of a similar mishap. The directives …

POSTED APRIL 23, 2018 1:44 AM
Australia Looks to Heavy Fines to Punish Financial Services Wrongdoing
Australia’s competition watchdog on Monday supported massive increases in financial penalties for companies caught doing the wrong thing, after widespread misconduct was exposed by an ongoing inquiry into the financial sector. Australian Competition and Consumer Commission (ACCC) Chairman Rod Sims …

POSTED APRIL 23, 2018 1:00 AM
Facebook to Restrict Number of Users Protected Under EU’s New Privacy Law: Reuters
If a new European law restricting what companies can do with people’s online data went into effect tomorrow, almost 1.9 billion Facebook Inc. users around the world would be protected by it. The online social network is making changes that …

POSTED APRIL 23, 2018 1:00 AM
Wells Fargo to Pay $1 Billion Fine for Mortgage, Insurance Sales Abuses
Wells Fargo & Co. will pay $1 billion to settle with U.S. regulators who say the bank wrongly layered insurance on hundreds of thousands of drivers and routinely hit homebuyers with excessive fees, officials said on Friday. The penalty was …

POSTED APRIL 23, 2018 1:00 AM
Blackstone Wants to Manage More Insurance Money
Bets on Spanish housing and oil assets helped Blackstone Group LP mitigate stock market jitters that weighed on it in the first quarter, with earnings at the world’s largest manager of alternative assets falling less than expected. Profits have soared …

POSTED APRIL 23, 2018 1:00 AM
ProSight Specialty Kicks Off Direct Sales Platform With Online Offering for DJs
ProSight Specialty Insurance (ProSight) has launched ProSight Direct, an online sales platform that allows potential insureds purchase insurance coverage through a simplified application. Because of ProSight’s experience in the live entertainment segment, it has kicked off the new Direct platform …

POSTED APRIL 23, 2018 12:25 AM
Southwest Sends $5K to Each Passenger on Engine Failure Flight
Southwest Airlines Co. confirmed Friday it has sent $5,000 checks to passengers aboard a flight that made an emergency landing this week after an engine failed, killing a passenger. The airline confirmed news reports from passengers it had sent the …

POSTED APRIL 22, 2018 10:30 PM
Business Risk Partners Teams With Aspen on Agents Professional Liability Coverage
Program administrator Business Risk Partners (BRP) has released an expanded professional liability form for insurance agents and brokers through Aspen American Insurance Co., part of Aspen Insurance Holdings Limited. The policy targets a range of insurance agents and brokers – …

POSTED APRIL 20, 2018 12:49 PM
Woman Injured at Ohio Fair Gets $1.8M from Ride Owner, Inspection Companies
A woman who suffered a traumatic brain injury in a thrill ride accident at last year’s Ohio State Fair will receive $1.8 million. A judge this week approved the settlement that calls for the ride’s owner, Amusements of America, and …

POSTED APRIL 20, 2018 4:44 PM
Houston-Area Flood Control District: $155M Needed for Harvey Damage Study, Repairs
The Houston-area flood control district has estimated needing $155 million to study and fix damaged infrastructure after Hurricane Harvey. Workers this week are assessing the storm’s destruction to the Harris County Flood Control District’s 2,500 miles of bayous, creeks and …

POSTED APRIL 20, 2018 4:38 PM

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 R Hobbs Insurance Agency Inc 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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