Jul 2, 2013

Daily Headlines: Tuesday, July 2, 2013

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Insurance Journal Daily Headlines
July 2, 2013
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Today's Headlines

National

Drugmakers Work on Safer Painkillers as Opioid Abuse Epidemic Rages

Backed by a U.S. campaign to slow abuse of prescription painkillers, drugmakers are devising new forms of the medicines that don't lead to ...

U.S. Property Cat Re Prices Down, Casualty Softening: Willis Re

Reinsurers are taking "robust defensive measures to maintain market positions recently eroded by new capital markets entrants," with prices ...

U.S. Fights Growing Wildfire Threat with Shrinking Budget

The tragedy came without warning. Wind split the Arizona wildfire in two, trapping 19 firefighters from the Granite Mountain Hotshots ...

AXIS Names Pesce Director for Surety in U.S.

Bermuda-based specialty lines in surer AXIS Capital Holdings Limited has named David Pesce as director of Surety for AXIS Insurance. He ...

Willis Group Promotes Jones to CEO of North America Unit

Insurance broker Willis Group Holdings plc promoted Todd Jones to chief executive officer of Willis North America, the company's largest ...

Assurant Finalizes 2013 P/C Reinsurance Program

Assurant, Inc., a provider of specialized insurance and insurance-related products and services, has finalized the structure of the ...

From MyNewMarkets.com EPLI in Southern California Playing "Hard" to Get

Employment practices in California is a known and growing concern for insurers, agents and employers, and that concern has some carriers...
Carrier Management

Executive Comp Disclosures: Are Mutual Insurers Next?

Mutual insurance carriers have not been totally immune from pressures to clearly disclose details of their executive...
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East

Gov. Cuomo Requests Disaster Declaration for NYS After Mohawk River Flooding

New York Governor Andrew Cuomo on Monday formally requested that President Obama issue a major disaster declaration for the State of New ...

Erie Insurance Announces Property Development Plan for Downtown Erie, Penn.

Erie Insurance announced Monday that beginning this summer, the company will begin development of several properties that it recently ...

Newtown Struggling to Divvy Up Donations for Sandy Hook Shooting Victims

More than six months after losing their loved ones in the shooting at Sandy Hook Elementary School, families say dealing with questions ...

PURE Insurance Appoints Chief Counsel, Chief Actuary

Privilege Underwriters Inc., the holding company of the PURE Group of Insurance Companies in White Plains, N.Y., has named Steven Oakley as ...

New Jersey Captive Insurance Association Appoints Executive Director

New Jersey Captive Insurance Association announced the appointment of Shiela Small as its executive director. She will lead the ...
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Midwest

Grand General Agency Adds Marketing Professional for Wisconsin, Minnesota

Grandville, Mich-based Grand General Agency has welcomed Marva Wrightsman to its marketing team. She will be working with independent ...

Ohio Insurer Expands to Dayton

A western Ohio insurance company's expansion should mean about 200 jobs for Dayton. Springfield-based Assurant Special Property plans to ...

South Dakota Law Bars Young Drivers from Using Cell Phones

A new South Dakota law prohibits beginning drivers from using cell phones while they are behind the wheel. South Dakota allows 14-year-olds ...
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Southeast

Trial Attorneys Challenge Florida's Medical Malpractice Law

Florida trial attorneys filed five lawsuits against health care providers challenging a state law that imposes new restrictions on medical ...

Lawyers Feast on 'Crazy' BP Gulf Oil Spill Claims

Until this year, Tampa attorney Kevin McLean specialized in suing nursing homes for neglecting patients. In January he switched the focus ...

Haslam Names Hudgens to Head Tennessee's New Injured Workers' Division

Republican Gov. Bill Haslam has named Abbie Hudgens as the head of the state's new Workers' Compensation Division. Hudgens, who had already ...
South Central

MHBT's Henry Named Top Insurance Agent in Texas

The Independent Insurance Agents of Texas (IIAT) announced that Dallas independent insurance agent Bill Henry, chairman and CEO of MHBT ...

Study: Red-Light Cameras Reduce Crashes in Baton Rouge

It's been five years since Baton Rouge launched a traffic light camera program, and data released recently shows drops in both traffic ...

Interest in Storm Shelters Rising in Texas Panhandle

In a region that frequently sees tornadoes, Texas Panhandle residents are considering storm shelters and other tools to stay safe in a ...
Sponsored by: Insurance Journal. The Texas Issue. Articles Exclusively for Agents, Brokers, MGAs and Wholesalers in the Lone Star State. Click here for more information.
West

Corelogic in Southern California Buying Marshall & Swift/Boeckh

Real estate data provider CoreLogic is buying Marshall & Swift/Boeckh and DataQuick Information Solutions for $661 million, helping to ...

Montana State University: Employee Social Security numbers at risk

The Social Security numbers of about 4,500 past and present Montana State University employees may have been accessible to others because ...

System Planned to Warn Montana Motorists Of Dust Storms

State and local officials have developed a plan to warn motorists on Interstate 15 in Montana of blinding dust storms caused by white ...

California's Low Cost Auto Insurance Program Reduces Rates

The California Department of Insurance (CDI) is reducing rates for the California Low Cost Auto Insurance Program (CLCA) for the second ...

The Buckner Co. Taps Robbins in Utah

Merrilee Robbins was named senior account executive in The Buckner Co.'s trucking insurance division. Robbins will work from the firm's ...

Cardoso Joins the Leavitt Group in Northern California

The Leavitt Group's Concord, Calif. office named Paul Cardoso as an account executive in the employee benefits division. Cardoso comes has ...
International

Security Analysts Warn About Terrorism Risk After Fukushima Meltdown

Japan's Fukushima Dai-Ichi nuclear plant, whose 2011 meltdowns dislocated 160,000 people, may provide a new blueprint for terrorists ...

New El Nino Warnings Could Help Farmers Withstand Drought, Floods

Scientists have found a way to forecast El Nino weather events in the Pacific a year in advance, long enough to let farmers plant crops ...

Markel Promotes Richardson to European Retail Claims Manager

London-based specialty insurer Markel International Limited has appointed Mike Richardson as European retail claims manager. Previously ...
New digital book reviewing ISO's major changes to its key commercial lines coverages - from Academy of Insurance

Sponsored Content

Timothy Martin Joins Morstan General Agency, Inc. as Senior VP of Field Operations

Manhasset, NY, 7/2/13 - Morstan General Agency, Inc. announces the hiring of Timothy P. Martin as Senior Vice President - Field ...
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Insurance Journal Blogs

Attention Agencies: Swing Your Attention on Over to Vine

This post is part of a series on insurance marketing and training sponsored by Astonish. Aaaaaah! Nope, that is not the call of Tarzan that ...

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Insurance Journal TV

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Geneva Association's Secretary General John Fitzpatrick on Systemic Risks, Nat Cats, ILS and Cyber Risks

The Geneva Association's studies and reports are now an important part of the dialogue between...
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The Good and the Bad: Healthcare Reform and Medical Liability

The Patient's Protection and Affordable Care Act (ACA) has very little to do with the medical...

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New Discussions in the Forums

1st Year as a Producer Stories
Posted: Tue Jul 2 -- Ha ha that is great! Thank you for sharing. californiadude
National Agents Alliance? Legit or Keep Away?
Posted: Tue Jul 2 -- I've been with NAA for about a year, but I knew what I was getting into when I joined. I don't buy a lot of leads, but I'm mostly in it for... 92builder
Workers Comp (Ca) Auto Repair with large loss
Posted: Mon Jul 1 -- Hi Paul, I may have a solution for you other than SCIF. Feel free to contact me direct. Gino Saracho National PEO Brokers 4356 Lindsey... gsaracho
non compete clause
Posted: Mon Jul 1 -- I would not solicit anyone that you had on the books for one year. If family and friends do not wish to be with him and ASK YOU to write... 92builder
Question regarding my universal life insurance policy !
Posted: Sun Jun 30 -- Great responses. It's clear we've all seen this before. The problem I've seen with UL policies is that the client goes for that low premium... 92builder
Agency Management System
Posted: Wed Jun 26 -- I am an agent doing primarily commercial auto and trucking. We are using a system called NowCerts.com We love it. Mainly because it costs us... RigQuote
New independent agency
Posted: Tue Jun 25 -- E&O was the hardest thing for me to do as a start up (besides appointments). It can cost a new agency like $2000+ I say start looking there. shiftins
How to obtain release of liablity
Posted: Fri Jun 21 -- what type of liability you are talking about? auto, home insurance? Remove her from your policy since you divorced and let her to get her... pecosins
brokers with access to trucking insurance?
Posted: Thu Jun 20 -- I have markets that can write the gl and comp. Can write a 3yr. guaranteed policy on the work comp CYNTHIA CPRO

Reader Comments

Supreme Court Limits Workplace Harassment, Retaliation Claims
Posted: Wed Jun 26 -- Biker: I humbly disagree with you on the latter part of your post. There is indeed a shortage of women in these roles considering the number... Libby
Hobby Lobby Wins Round in Fight Against Contraceptive Coverage
Posted: Fri Jun 28 -- Good grief! What's next? Sam Walton goes to church so Walmart is exempt? These two companies, Hobby Lobby and Mardel, are for-profit... Libby
Wal-Mart, Gap, Other U.S. Brands Ready $50M Bangladesh Safety Fund: WSJ
Posted: Thu Jun 27 -- Does Wal-mart and these other companies own these foreign factories? If so, they have an obligation to keep them safe. If they do not and... Baxtor
States Brace for Web Barrage When Obamacare Goes Live Oct. 1
Posted: Mon Jul 1 -- Nancy Pelosi: "We have to pass the bill before you can know what's in the bill." How true, how true! Dave
Senate Leader Reid Rules Out Extending Current Farm Law
Posted: Tue Jun 25 -- Another Congressional pissing match with the American people stuck in the middle. Libby

Current Issue

July 1, 2013
Current Issue
The Disaster Issue: Flood, Earthquake, Windstorm, Terrorism, Cyber Attack & More; Commercial Auto (Including Taxis, Limos & Fleets); Digital Product Guide; Bonus: The Florida Issue (Special Supplement)

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1 comment:

  1. Great Tips !
    You must look to save money but do not compromise with quality to choose a insurance policy .

    Thanks
    William Martin

    Financial Claims Made Simple

    ReplyDelete