Jul 17, 2012

Daily Headlines: Tuesday, July 17, 2012

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Insurance Journal Daily Headlines
July 17, 2012
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Today's Headlines

National

CEO Group Warns Washington to Avoid Impending ‘Fiscal Cliff’ Politics

The Business Roundtable, which represents U.S. CEOs in Washington, on Tuesday called on Congress and the President to enact a stopgap ...

Worst Midwest Drought Since 1956 Expanding North, West

An expanding U.S. drought, now deemed the worst since 1956, dealt another blow to the corn crop, with conditions deteriorating for a second ...

Understanding Premises and Dram Shop Liability Triggers

Claims involving allegations of alcohol intoxication require careful analysis when determining what policy or policies may apply. Two ...

GM’s OnStar Car Owners Now Able to Rent Out Their Vehicles

General Motors is joining the sharing economy. General Motors announced that its OnStar subscribers can now rent out their idle vehicles ...

The Hartford Expects Q2 Catastrophe Losses Near $300 Million

The Hartford said that it expects to report current accident year catastrophe losses of $280 million to $300 million before tax  in the ...

Brown & Brown Revenue Up 17.9% for Q2

Florida-based national insurance agency Brown & Brown Inc. reported total revenue for the second quarter was $290,916,000, an increase ...

Everest National Launches Non-Profit Social Service Industry Program

Everest National Insurance Co., a U.S. insurance subsidiary of Everest Re Group, Ltd., has launched a non-profit social service program ...

Hiscox Launches New Portfolio of Technology Products in U.S.

Hiscox has launched a new suite of technology products to address the growing technology, privacy and cyber risks facing businesses ...

Why Workers’ Compensation Leads in E&O Claims

Every year, errors and omissions (E&O) claims arising out of the placement of workers' compensation account for approximately 10 ...

From MyNewMarkets.com How Agents can Help Identify, Address Data Risks Small Businesses Face

A recent study revealed that organizations with fewer than 1,000 employees make up 85 percent of hackers "targets of...
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East

Vermont Police Say Motorists Heeding Safety Push

Motorists across Vermont have been slowing down and following traffic laws since the state launched a summer traffic enforcement program ...

Nearly 20,000 in Connecticut Lost Power in July 1 Storm, Company Says

Connecticut Light & Power has told state regulators that nearly 20,000 customers were without power on July 1 as strong winds and lightning ...

A Town in Virginia Agrees to Fine Over Chlorine Leak Following Storm

The town of Christiansburg in Virginia has agreed to pay $15,000 in fines and reimbursements stemming from a chlorine leak that killed ...

Casino Waitresses in Pennsylvania Sue Over Maternity Policy

Two former cocktail servers at a Philadelphia-area casino say they lost their jobs after becoming pregnant because of an unfair weight ...
Join us online Wed July 18 for a LIVE webcast, Managing Workers Compensation Injuries - hosted by Insurance Journal's Academy of Insurance - Reserve Your Spot Today
Midwest

SEBS of the Midwest Merges with Digital Benefit Advisors' Chicago Office

Benefits-only agency, Digital Insurance, announced it has acquired Strategic Employee Benefits Services (SEBS) of the Midwest. The firm now ...

Kohlmann Named Injured Patients and Families Comp. Fund Manager

Jeff Kohlmann appointed as the insurance program manager of the Wisconsin Injured Patients and Families Compensation Fund (Fund). Kohlmann ...

Motorists Commercial Mutual Names Kimmes VP of Marketing

Motorists Commercial Mutual Insurance Co., based in Edina, Minn., has selected Shawn Kimmes as vice president of Marketing. Kimmes ...
Southeast

Florida Citizens’ Chief Sets 500K Policy Depopulation Target

Maintaining there is no disagreement on the objectives of Florida's state-backed property insurer, Citizens Property and Insurance Corp. ...

Plan for Mississippi Health Exchange Ready for After Election: Chaney

Mississippi Insurance Commissioner Mike Chaney said work has been completed on a plan for an online marketplace for Mississippians to shop ...

Kentucky Governor to Create Health Exchange

Kentucky Gov. Steve Beshear has alerted the federal government of his intention to create a statewide health insurance exchange to help ...

State’s Safety Inspections at Kentucky’s Harlan Mine Found Lax

A published report says Kentucky's state investigators found few problems at a Harlan County mine where federal investigators found enough ...
South Central

Bexar County Leads Texas in Road Rage Crashes

Bexar County in Central Texas has had the most reports of road rage crashes in the state over the last few years, according to a newspaper ...

Oklahoma Governor, Insurance Commissioner Visit Lloyd's of London

Oklahoma Gov. Mary Fallin, Insurance Commissioner John D. Doak and insurance industry executives, have met with insurance market ...

Former Louisiana Deputy Insurance Commissioner Convicted of Racketeering

United States Attorney Donald J. Cazayoux, Jr. announced that a former Louisiana deputy insurance commissioner has been convicted on ...
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West

Report: Insured Losses in Colorado Wildfires Nearly $450 Million

The two most destructive wildfires in Colorado's history will cost insurers roughly $450 million, a regional insurance association said ...

Former Prison Employee Files Lawsuit Over Virus

A woman who worked at the Montana Women's Prison while she was pregnant has filed a lawsuit alleging she contracted a virus that caused her ...

Colorado DUI Arrests Drop

Authorities say increased penalties and enforcement have driven down the number of drunken driving arrests over the past three years. ...

Hawaii Enacts 4 New Laws To Curb Cybercrimes

Four new Hawaii laws are aimed at curbing cybercrimes. Gov. Neil Abercrombie recently signed bills to combat cyberbullying, to prohibit ...

'One Way or Another' Agencies See Growth in Group Health

"One way or another." Is that the best way to describe a sound investment strategy nowadays? Yes. If you're talking about the growing ...
International

Let the 2012 Olympic Games Insurance Challenges Begin!

As images and sound are beamed from the UK to devices all over the world, insurers and reinsurers will play a key role in the transmission ...

IMF Cuts Global Growth Forecast as Emerging Economies Slow

The International Monetary Fund has cut its forecast for global economic growth and warned that the outlook could dim further if ...

Finaccord Survey Finds Growth in EU Commercial Non-life Brokerage Receipts

Newly released data from Finaccord, a London-based market research consultancy specializing in financial services, reveals that the market ...

Efforts to Tackle Somali Piracy Paying Off Says IMB

Tougher action by international navies and the use of private armed guards on ships have more than halved the number of Somali pirate ...

El Nino Indicators Ease; Still Expected in Late 2012

Climate indicators for an El NiƱo event in the western Pacific have eased slightly in the past two weeks, but meteorologists still expect ...

Chancellor Merkel Warns of Increased Global Warming if no Climate Deal

German Chancellor Angela Merkel warned on Monday that global warming will accelerate at a dramatic rate unless leaders reach a deal on ...

AIR Unveils Cyclone Model for India

Boston-based catastrophe risk modeling firm AIR Worldwide announced that it has released a cyclone model for India. "The new peer-reviewed ...

Rain, Floods Cause Heavy Damage in Southwest Japan: AIR Analysis

A report from catastrophe modeling firm AIR Worldwide, analyzes the damages resulting from the heavy rains that have caused widespread ...
Join us online Thursday July 19 for a LIVE webcast, Insurance Industry Mergers and Acquisitions Activity - hosted by Insurance Journal's Academy of Insurance - Reserve Your Spot Today
Sponsored Content

GSR Introduces New Liability Insurance Package for Energy Consultants

07/17/12 - Global Special Risks (GSR), part of RSG Underwriting Managers, LLC, recently launched a new Liability Package Policy for energy ...
Insurance Journal Blogs

Yes, Of Course We Do Need a National Catastrophe Solution

The National Conference of Insurance Legislators has a tendency to be a very deliberative and, yes, dilatory, body. During the meeting ...

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Insurance Journal TV

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Agency Capitalizes on Obamacare

Shawn Pynes, principal with Barney & Barney, discusses the benefits business following...
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LexisNexis Insurance Exchange Celebrates One-Year Anniversary

The LexisNexis Insurance Exchange – an online single-entry submission system that...

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New Discussions in the Forums

Comp in Ca
Posted: Tue Jul 17 -- Need comp for small sand and gravel hauling risk in Los Angeles Co. Just hiring an employee. Payroll only $40000. Thanks Trotter
Agent no legal duty to inform on cancellations?
Posted: Mon Jul 16 -- Thanks to GPilat for posting the cite, Slovak v. Adams, 141 Ohio App. 3d 838 (2001). Despite what the E&O seminars state about agency calls... ins-atty
AMS360 for accounting?
Posted: Mon Jul 16 -- "Agency bill income" is really that easy. Remember the monthly agency bill income reflects the results of all agency billed transactions... InsBoomer
Email Marketing List Provider
Posted: Sun Jul 15 -- Email marketing is a hit and miss now. It use to be good but not anymore.... JamesSmith
Could your music influence your insurance score?
Posted: Sat Jul 14 -- BostInno reported The Echo Nest recently... Josh
Garage Keepers Liability - Tow Truck Yard - CA
Posted: Fri Jul 13 -- standalone GKL runs 3k up. It might be better to write a package with national Int or Nova etc.. vs writing the Autos with a non standard... JAM
HELP...Waiver, Rider, GL Policy, ??
Posted: Tue Jul 10 -- First, do NOT post any documents here. This is discoverable, so you do not want anything to turn up in court that is not specifically... jimmyr1978

Reader Comments

President Obama Signs Flood Insurance Reform Bill
Posted: Wed Jul 11 -- this is a very old article, you will notice it says proposal not law. It is also what they passed before they read it. Remember they had to... Sarah
Tropical Storm Creates New Beach on Alabama Coast
Posted: Wed Jul 11 -- why no pic or link to a pic? Mark
With Supreme Court Ruling In, Employers Turn to Healthcare Law's Requirements: Mercer
Posted: Wed Jul 11 -- Sarah, I think Planet spends most of his time watching these channels or going on their websites to get his talking points. As one commenter... First Agent
New License Rules Test Georgia Drivers' Patience
Posted: Wed Jul 11 -- Yeah, I also have always wondered myself how requiring ID for any task is such a big deal, as a legal citizen I am never offended when asked... monica
Feared El Nino Weather Could Strike in Third Quarter: Climate Forecasters
Posted: Wed Jul 11 -- Robert, these so called Climatologists may have had more credibility if they hadn't been caught doctoring their "science" to make it come... Agent

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July 2, 2012
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