Dec 31, 2012

Daily Headlines: Monday, December 31, 2012

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Insurance Journal Daily Headlines
December 31, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Senate Passes Sandy Disaster Aid, Flood Insurance Increase

The Senate on Friday approved a $60.4 billion supplemental package to provide additional aid for northeast states hit by Superstorm Sandy ...

Federal Court Grants Firm Reprieve from Contraceptive Coverage Mandate

A divided federal appeals court has temporarily barred the U.S. government from requiring an Illinois company to obtain insurance coverage ...

AIG to Thank America for Bailout in High-Profile Ad Campaign

American International Group,Inc. said it will launch an advertising campaign thanking America for its support during the global financial ...

Program Specialists: Thriving in All Market Conditions

There is a strain of thinking that says generalists can adapt and survive in most environments whereas specialists are more at the mercy of ...

Most Commercial Insurance Buyers Accept Coverage Changes, Price Hikes: Survey

The vast majority of commercial insurance buyers renewing their policies appear willing to accept coverage adjustments, moderate price ...

From MyNewMarkets.com 2012 Product Wrap-up: The Top Three Coverage Trends - Part Three

Insurance Journal and MyNewMarkets.com track hundreds of new insurance products and services every year. In 2012, the industry launched...
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East

Looking Back at Insurance News of 2012: The Year's Biggest Stories

With less than a day left til the end of the year 2012, here's a look back at some of the biggest property/casualty insurance news stories ...

Long-Awaited New Hampshire Pollution Trial Ready to Start

Nearly a decade after it was first brought, a lawsuit accusing two oil giants of widespread groundwater contamination in New Hampshire is ...

Lawyer Seeks OK to File Claim Against State for Connecticut School Shooting

A lawyer who wants to sue Connecticut for $100 million on behalf of a 6-year-old survivor of the Newtown school shooting says the potential ...
Midwest

270,000 Ohio Employers Win Workers' Comp Ruling

A judge's ruling against the Ohio Bureau of Workers' Compensation may end up costing the state hundreds of millions of dollars. The ruling ...

Drought Likely To Continue In Nebraska In 2013

Nebraskans should expect the impact of the drought to worsen next year if the current dry forecast for the winter holds up. Climatologists ...

Ohio Insurance Agencies To See License Fee Change

The state is lowering the fee Ohio insurance agents and agencies pay to have their licenses renewed late or reinstated. Lt. Gov. Mary ...
Southeast

Mississippi Suit Seeks $3.6M for Unpermitted Electronic Use of Photos

A Rankin County, Mississippi photographer is seeking $3.6 million in a lawsuit claiming her images were used without permission in an ...

West Virginia Judge Stops Insurer's Use of Old Parts on New Cars

A Kanawha County judge has granted Attorney General Darrell McGraw's request for a permanent injunction against an insurance company and a ...

Georgia Health Insurers to Offer Child-Only Policies

Georgia Insurance Commissioner Ralph Hudgens has signed an order allowing insurance companies to begin selling individual policies for ...
South Central

Texas Builds 'Hurricane Domes' For Double-Duty

Most of the time, the windowless building with the dome-shaped roof will be a typical high school gymnasium filled with cheering fans ...

Feds Give Break to Louisiana On Driver License Rules

Louisiana driver's licenses still don't comply with federal law, but the U.S. Department of Homeland Security has granted the state a ...
West

Worker's Comp Reforms, Portable Persistency Top West's 2012 Headlines

Dec. 21, 2012 came and went and the apocalypse was so lackluster as to be forgotten among the years myriad headlines. Here are Insurance ...

Colorado University Seeks Farmers' Experience With Drought

Researchers at Colorado State University want to hear from farmers across the state who have been affected by this year's drought. The Fort ...

Lawsuit Over Arizona Man's Taser Death In Utah Settled

A settlement has been reached in a wrongful death lawsuit filed by the family of an Arizona man who died in 2009 after a southern Utah ...

Photo Now Part Of Washington Driver's Breath Test

Drivers who are required to pass a breath test before they get behind the wheel won't get away with having someone else blow in the ...

Brown & Riding in California Merges with Travis-Pedersen

Los Angeles, Calif.-based Brown & Riding and Chicago, Ill.-based Travis-Pedersen have inked a deal that creates a large property/casualty ...

Northern Montana Insurance Services Expand Operations

Northern Montana Insurance Services, a Leavitt Group affiliate, has expanded operations with new offices in Helena and Butte. Jay LeProwse ...
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International

Lloyd's: Increasing Civil Unrest Driving Political Violence Coverage Demand

A report from Lloyd's of London concludes that the increasing demand for political risk insurance "has been rising as civil unrest and ...

Willis Re Sees No Rate Increases for Jan. 1 Renewals despite Sandy Impact

Willis Re's Jan. 1 renewal report points out that 2012 natural catastrophe losses are estimated to be "50 percent less than last year's ...

Ratings Roundup: Peak Re, Lakeside Re III Ltd

A.M. Best Co. has assigned a financial strength rating of 'A'- (Excellent) and issuer credit rating of "a-" to Hong Kong-based Peak ...

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Contractual, Regulatory Requirements Effects on Cyber Marketplace

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Privacy & Security Coverage and Trends

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New Discussions in the Forums

Signing up for an insurance directory
Posted: Mon Dec 31 -- Does anybody know of some regional insurance directories? myagentethan
National Agents Alliance? Legit or Keep Away?
Posted: Sun Dec 30 -- After reading a number of these posts does any decently smart insurance person think that this is the answer to more income? OMG...it... surestart12345
CA Roofing Contractor WC
Posted: Sat Dec 29 -- The only WorkComp market in CA for roofers is the State Fund. ets80
High Value homes in brush
Posted: Sat Dec 29 -- Any recomendations? I sometimes get replacement cost on homes over 1.5 million. Most carriers will not take this type of risk especially in... rb112278
Non emergency medical transportation for hire
Posted: Sat Dec 29 -- I am a new insurance broker in Southern California. I have recently ran into a few people that are looking for Non emergency medical... rb112278
WC account Losses 189 X-mod hard class codes
Posted: Fri Dec 28 -- Who is BBSI and where can they be accessed? We are down to the wire on this. State Fund has quoted and the other competing broker has... dgarzoli
brightway insurance brokerage in florida
Posted: Thu Dec 27 -- All I have to say is after working for Brightway the last 3 years, I question everything about the company. They accounting is terrible and... Blah22

Reader Comments

Thousands of Drivers Caught In Northern California Cell Phone Crackdown
Posted: Thu Dec 27 -- I believe that texting while driving is akin to driving while impaired or at least reckless driving and should be treated accordingly. Even... Center Point
6 Things for Independent Agents to Worry About in 2013
Posted: Fri Dec 28 -- You are so right Wvagt. We, as Independent Agents have a lot to worry about with the state of the economy, higher taxes for us and our... Agent
Florida Court Allows Drivers to Rebut Presumption of Fault in Rear-End Crashes
Posted: Fri Dec 28 -- The case aside, this should show everyone why cell phone use and driving don't mix and also why following too closely is a poor choice even... ExciteBiker
Instagram Furor Triggers First Class Action Lawsuit
Posted: Wed Dec 26 -- If they cannot maintain the privacy settings, then they should definitely expect a lot of fall out in court as well as on the internet. When... Ruminator
N.Y. Agency Owner Charged With Issuing Fraudulent Certificates of Insurance
Posted: Fri Dec 28 -- Hopefully, he is prosecuted and has to serve some time. If not, I don't think many insurance carriers would want to do any further business... Agent

Current Issue

December 17, 2012
Current Issue
New Players (New insurers, brokers and vendors that are less than 2 years old.); Buyers Guide

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Insurance Journal
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San Diego, CA 92108
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Copyright © 2012 by Wells Media Group, Inc.

Dec 28, 2012

Daily Headlines: Friday, December 28, 2012

Sponsored by: MyNewMarkets.com. Need a Market? Find It. Fast! Click here for more information.
Insurance Journal Daily Headlines
December 28, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

P/C Industry's 9 Month Results Show Insurers Can Handle Sandy Losses: ISO, PCI

Before Hurricane Sandy hit, private U.S. property/casualty insurers' net income after taxes grew to $27 billion in nine-months 2012 from ...

Toyota Claimants Not Part of $1.1 Billion Settlement Face Uphill Climb

Toyota Motor Corp. eliminated a huge obstacle with a U.S. settlement over unintended acceleration in its cars and trucks, leaving it to ...

Drunken Walking Can Be Deadly, Especially on New Year's Day

Drinking and driving is a much-publicized, dangerous combination, but is walking after drinking any safer? "No, alcohol impairs your ...

6 Things for Independent Agents to Worry About in 2013

The 100-plus year-old independent agency distribution system is expanding, according to Future One's 2012 Agency Universe Study. The number ...

P/C Insurers' Loss Reserves Continue to Surprise Analysts

Analysts at two rating agencies, Fitch and Moody's, believe property/casualty insurers' prior-year loss reserve takedowns will continue to ...

Canadian Private Equity Firm Onex Completes USI Acquisition

Canadian private equity firm Onex Corp. said today it has completed its previously announced acquisition of USI Insurance Services from ...

From MyNewMarkets.com 2012 Product Wrap-up: The Top Three Coverage Trends - Part Three

Insurance Journal and MyNewMarkets.com track hundreds of new insurance products and services every year. In 2012, the industry launched...
Sponsored by: NSM Insurance Group. We have 25 years writing non-profits. Hospice, Boys and Girls Clubs, CAAs, Head Starts, Senior Services, MRDD/ARC, Charter Schools and Many More! Click here for more information.
East

Vermont Officials Issue Winter Weather Safety Tips

As a winter storm whips across the region, officials in Vermont are issuing winter weather safety tips. The Burlington Fire Department is ...

N.Y. Officials Suspend Staten Island Storm Home Repair Program

An initiative that sends workers into storm-damaged Staten Island homes in New York to make electrical repairs for free is being suspended ...

R.I. Legislator Sentenced for Underpaying Tax for His Adjuster Firm

The deputy speaker of the Rhode Island House of Representatives has been sentenced to serve time in federal prison for tax fraud involving ...

N.Y. Agency Owner Charged With Issuing Fraudulent Certificates of Insurance

Authorities said a New York-based insurance agency owner has been charged with allegedly issuing fraudulent certificates of insurance. The ...
Midwest

Missouri Republicans to Tackle Workers' Compensation

Nearly two dozen years after Monroe Gunter retired from a long career at a Missouri power company, he was diagnosed with a rare form of ...

Arthur J. Gallagher Acquires Heiser in Illinois

Arthur J. Gallagher & Co. acquired Heiser Insurance Agency Inc. in Morton, Ill. Terms of the deal were not disclosed. Heiser Insurance ...

Insurer Plans $15M Expansion in Indiana

An insurance company that covers churches and their activities is planning a $15 million expansion of its Fort Wayne, Ind. headquarters. ...

Arthur J. Gallagher Acquires The Eriksen Group Of Michigan

Arthur J. Gallagher & Co. acquired The Eriksen Group Inc., in Birmingham, Mich. Terms of the deal were not disclosed. The Eriksen Group ...
Southeast

Insurers Divided Over North Carolina Auto Insurance Rate System

A divided auto insurance industry will try again next year to change a unique regulatory system in North Carolina, which enjoys some of the ...

Florida Court Allows Drivers to Rebut Presumption of Fault in Rear-End Crashes

Florida's high court has ruled that drivers that cause an automobile accident by striking another car from behind can still sue the other ...
South Central

Storm Leaves 135K Still Without Power In Arkansas

A Christmas Day blizzard that dumped more than 15 inches of Arkansas on the state, causing massive damage to power lines have affected more ...

Louisiana Pie Maker Sues Fire Suppression Company, Insurers

New Orleans pie maker Simon Hubig Company Inc., whose Louisiana plant was destroyed in a blaze six months ago, has sued the Kenner company ...
West

R-T to Acquire Workers' Comp Wholesaler IFIS in California

R-T Specialty LLC entered into a definitive agreement to acquire West Coast workers' compensation specialist International Facilities ...

Farmers Agents Sue Carrier Over Contracts, Taking Client Info

A group of Farmers Group Inc. agents have filed a lawsuit in Los Angeles Superior Court alleging the Los Angeles, Calif.-based carrier has ...
Sponsored by: CIWA. Wholesale brokers, E and S carriers and vendors: You have to watch this video! Click here for more information.
International

Events that Topped World Insurance News in 2012

While 2012 wasn't as tumultuous as 2011, it had its share of insurance shaking trends and events. Here in roughly chronological order are ...

Worst of Euro Crisis is Over, German Finance Minister Schaeuble Says

The worst of the euro zone sovereign debt crisis is over, German Finance Minister Wolfgang Schaeuble has said in an interview to be ...

Zurich Transfers Eagle Star to RiverStone; Irish Banking Business to Dunbar

Zurich Insurance reported continued progress in its strategy to exit non-core businesses with two "key milestones" aimed at concentrating ...

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Contractual, Regulatory Requirements Effects on Cyber Marketplace

Federal and state privacy laws and contractual requirements are driving interest and demand of...
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Privacy & Security Coverage and Trends

Richard Betterley, president of Betterley Risk Consultants, says cyber liability policies have...

TV icon Watch more videos at InsuranceJournal.tv

New Discussions in the Forums

brightway insurance brokerage in florida
Posted: Thu Dec 27 -- All I have to say is after working for Brightway the last 3 years, I question everything about the company. They accounting is terrible and... Blah22
WC account Losses 189 X-mod hard class codes
Posted: Thu Dec 27 -- The easy answer...BBSI. Pricing is usually pretty good at that mod, and the program forces safety. Shawna64
National Agents Alliance? Legit or Keep Away?
Posted: Wed Dec 26 -- I work with NAA. With no recruiting and only selling I made $50,000 net my first year. And will make about $85,000 this year. I do not have... shawninnebraska
Long Term Care Tax Advantages
Posted: Wed Dec 26 -- Another way to take advantage of long term care tax deductible is through tax-qualified ltc insurance. Their premiums are considered as... BeatrixLewis
How do you ask for a referral?
Posted: Wed Dec 26 -- Leads is another source of clients but I wouldn't go there. Referral is definitely much better and more reliable. The first thing you should... BeatrixLewis
carriers for multistate trucking/warehousing work comp
Posted: Mon Dec 17 -- You might want to check into Alaska National out of Seattle. This might not fit due to the high mod but last I knew they were a good market... Shagster1261

Reader Comments

North Dakota DUI Bill Would Require Jail Time For 1st Offense
Posted: Fri Dec 21 -- I agree with this. Nothing more would make an impact to avoid DUI driving in the future. As it is, there are so many repeat DUI drivers who... Center Point
Thousands of Drivers Caught In Northern California Cell Phone Crackdown
Posted: Thu Dec 27 -- I believe that texting while driving is akin to driving while impaired or at least reckless driving and should be treated accordingly. Even... Center Point
Art Insurers Face Record Loss from Superstorm Sandy
Posted: Fri Dec 21 -- I don't know the art insurance business but if you know you have high concentrations of artwork in one place and a hurricane coming, you... Tom Bruckmeyer
Texas Homeowners Pay Highest US Insurance Premiums
Posted: Fri Dec 21 -- As a Texas Independent Agent, I can relate to rising premiums since Texas is a weather state. My markets point to not making any money on HO... Agent
Instagram Furor Triggers First Class Action Lawsuit
Posted: Wed Dec 26 -- If they cannot maintain the privacy settings, then they should definitely expect a lot of fall out in court as well as on the internet. When... Ruminator

Current Issue

December 17, 2012
Current Issue
New Players (New insurers, brokers and vendors that are less than 2 years old.); Buyers Guide

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How to Advertise

For information about advertising on this newsletter and Insurance Journal magazines, contact Julie Tinney at (800) 897-9965 x148.
View our Media Kit for advertising options in our magazines and online properties.
Insurance Journal
3570 Camino del Rio North, Suite 200
San Diego, CA 92108
(800) 897-9965
Copyright © 2012 by Wells Media Group, Inc.

Dec 27, 2012

Daily Headlines: Thursday, December 27, 2012

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Insurance Journal Daily Headlines
December 27, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

U.S. Apppeals Court Revives Workplace Cybertheft Claim

In a decision that could make it easier for businesses to police cybertheft in the workplace, a U.S. appeals court revived a chemical ...

P/C Insurance Agents: What Did You Sell This Year?

Was 2012 a good year for you? Did you close some good accounts? How did it feel? Tell us about it. You don't have to give away names but ...

Toyota to Settle Acceleration Cases for More Than $1 Billion

Toyota Motor Corp. has agreed to spend $1.1 billion to settle sweeping U.S. class-action litigation over claims that millions of its ...

Judge Approves $7.8 Billion Settlement in BP Class Action Suit

A U.S. judge last Friday gave final approval to BP Plc's settlement with individuals and businesses who lost money and property in the 2010 ...

From MyNewMarkets.com 2012 Product Wrap-up: The Top Three Coverage Trends - Part Three

Insurance Journal and MyNewMarkets.com track hundreds of new insurance products and services every year. In 2012, the industry launched...
Sponsored by: MyNewMarkets.com. Need a Market? Find It. Fast! Click here for more information.
East

Sandy-Flooded Inland Towns in N.J. See No Solutions

Images of New Jersey's devastated shoreline captivated the nation in the days after Superstorm Sandy. Less noticed was the enormous damage ...

U. of Virginia Researchers Study 'Virtual Reality' Driving Tests

On-road driving tests, a rite of passage for high school students, could soon join eight-track tape players and bench seats in automotive ...

New Jersey Court: Pet Sitter Can Sue Dog's Owners Over Bite

A New Jersey appellate court says a woman injured by a dog she was being paid to watch can sue the animal's owners.The Star-Ledger reports ...

GEICO Names Assistant VP of Regional Claims in Virginia

GEICO, a Chevy Chase, Md.-headquartered auto insurance unit of Berkshire Hathaway, recently named Jeremy Connor as assistant vice president ...

Up to $25 Million in Sandy Losses for N.Y.-Based Navigators Group

The Navigators Group Inc. announced on Dec. 21 that its preliminary estimate of losses relating to Superstorm Sandy ranges between $18 ...
Midwest

Blizzard Hits Southern Illinois

A gusty winter storm has slammed into southern Illinois, forcing the closures of courthouses and leaving roads covered in snow and ice. The ...

Insurance Firm in Missouri Changes Benefit Plan After Charges

An insurance company in Missouri that provides coverage to Kansas City and Jackson County employees has changed its wellness incentives ...

Arthur J. Gallagher Acquires Ahrold Fay Rosenberg of Iowa

Arthur J. Gallagher & Co. acquired Ahrold Fay Rosenberg in Des Moines, Iowa. Terms of the deal were not disclosed. Ahrold Fay Rosenberg is ...
Southeast

Florida Court Bans Private Doctor-Lawyer Meetings in Malpractice Cases

Malpractice defendants must not try to circumvent a Florida law that bars them from obtaining confidential medical information about ...

USF&G Seeks Sanctions Against Mississippi Lawyer in Corruption Case

An insurance company is asking for sanctions against Paul Minor in a lawsuit linked to the corruption case that sent the former attorney ...

Alabama Officials Assessing Christmas Day Storm Damage

Authorities were getting a clearer picture of the damage done by storms in Alabama as daylight revealed the extent of the destruction. In ...

Mississippi County Lowers Its Flood Insurance Premiums

An improved flood prone rating means Pearl River County residents will see a 10 percent reduction in monthly insurance premiums. The ...

Neace Lukens Acquires Davis-Garvin Agency in South Carolina

Louisville, Ky.-based insurance agency Neace Lukens announced it completed the acquisition of the Davis-Garvin Agency in Columbia, S.C.In ...

Senn Dunn Hires Health, Wellness Director in North Carolina

Greensboro, N.C.-based Senn Dunn Insurance appointed Jackie Ireland as director of health and wellness for its employee benefits division. ...
South Central

Arkansas Governor Issues Disaster Declaration Following Snow Storm

Arkansas Gov. Mike Beebe issued a disaster declaration after a Christmas Day storm dumped snow and ice throughout the state and caused ...

4th Fire Raises Fear Of Arsonist In Texas

A fire that quickly gutted an abandoned home in Brownsville, Texas is the fourth in a week on the Rio Grande Valley city's west side, ...
West

2012 On Track To Be Wyoming's Driest In 118 Years

A year ago, all parts of Wyoming were free of drought. Now, 2012 is on track to be the driest in Wyoming in 118 years after a dry spring ...

Sierra Nevada Ski Resort Employee Dies After Avalanche

A member of a Sierra Nevada ski resort's patrol team who was injured after being caught in an avalanche has died. Alpine Meadows said in a ...

Thousands of Drivers Caught In Northern California Cell Phone Crackdown

Nearly 3,000 drivers were caught breaking cell phone rules during a crackdown in Sacramento County in Northern California. California was ...
Sponsored by: CIWA. Wholesale brokers, E and S carriers and vendors: You have to watch this video! Click here for more information.
International

Commentary: UBS and Too-Big-to-Punish - James Saft

As well as too-big-to-fail it looks as if we must think of our largest banks as too-big-to-punish as well. After comments from top U.S. ...

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Insurance Journal TV

Video thumbnail

Contractual, Regulatory Requirements Effects on Cyber Marketplace

Federal and state privacy laws and contractual requirements are driving interest and demand of...
Video thumbnail

Privacy & Security Coverage and Trends

Richard Betterley, president of Betterley Risk Consultants, says cyber liability policies have...

TV icon Watch more videos at InsuranceJournal.tv

New Discussions in the Forums

National Agents Alliance? Legit or Keep Away?
Posted: Wed Dec 26 -- I work with NAA. With no recruiting and only selling I made $50,000 net my first year. And will make about $85,000 this year. I do not have... shawninnebraska
Long Term Care Tax Advantages
Posted: Wed Dec 26 -- Another way to take advantage of long term care tax deductible is through tax-qualified ltc insurance. Their premiums are considered as... BeatrixLewis
How do you ask for a referral?
Posted: Wed Dec 26 -- Leads is another source of clients but I wouldn't go there. Referral is definitely much better and more reliable. The first thing you should... BeatrixLewis
carriers for multistate trucking/warehousing work comp
Posted: Mon Dec 17 -- You might want to check into Alaska National out of Seattle. This might not fit due to the high mod but last I knew they were a good market... Shagster1261
WC account Losses 189 X-mod hard class codes
Posted: Mon Dec 17 -- Last years premium was $110K. Prior mod was a 147. They frequency and severity claims both. I love the freakonmics lesson. I will pass that... dgarzoli

Reader Comments

Senate Republicans Move to Cut Sandy Aid to $24 Billion
Posted: Thu Dec 20 -- Typical Democrats, let's just push this through without understanding all the ramifications. Reminds me of how we ended up with Obamacare. CB
Young Michigan Immigrants Sue to Get Right To Drive
Posted: Thu Dec 20 -- "wouldn't face deportation under certain conditions." Wonder if those "conditions" include applying for legal citizenship? Follow the... wvagt
North Dakota DUI Bill Would Require Jail Time For 1st Offense
Posted: Fri Dec 21 -- I agree with this. Nothing more would make an impact to avoid DUI driving in the future. As it is, there are so many repeat DUI drivers who... Center Point
Only 15 States Plan to Operate Own Health Insurance Exchanges
Posted: Thu Dec 20 -- "Good people can do evil things, Agent. Hate the deed, not the doer" NA, AA and Alanon. Unfortunatly, I have had personal experience. A... FFA
Oklahoma Lawmaker, Texas Governor Want Teachers to Be Armed
Posted: Thu Dec 20 -- I have a ton of respect for our military, but with them being jerked around over the last few years with countless tours,and the issues many... Bubba

Current Issue

December 17, 2012
Current Issue
New Players (New insurers, brokers and vendors that are less than 2 years old.); Buyers Guide

More Newsletters

Choose Newsletters
Enter Your E-mail

How to Advertise

For information about advertising on this newsletter and Insurance Journal magazines, contact Julie Tinney at (800) 897-9965 x148.
View our Media Kit for advertising options in our magazines and online properties.
Insurance Journal
3570 Camino del Rio North, Suite 200
San Diego, CA 92108
(800) 897-9965
Copyright © 2012 by Wells Media Group, Inc.