Jul 9, 2013

Daily Headlines: Tuesday, July 9, 2013

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Insurance Journal Daily Headlines
July 9, 2013
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Asiana Could Save Millions Under Provision Limiting Passenger Suits in U.S.

Asiana Airlines Inc. could avoid hundreds of millions of dollars in verdicts and settlements by employing a tactic under international law ...

Judges Question BP Over Its Objections to Oil Spill Claims Payouts

BP Plc drew tough questions on Monday from U.S. appeals court judges hearing a complaint by the oil company objecting to the payment of ...

AIG Reported to Be Lead Insurer for Asiana Crash in San Francisco

International Group Inc. was the lead insurer providing coverage for the Asiana Airlines Inc. jet that crashed while landing in San ...

Ironshore Promotes White to Senior VP of U.S. Wholesale Distribution

Bermuda-based specialty insurer Ironshore Inc. promoted Timothy R. White to senior vice president of U.S. wholesale distribution. He will ...

NCCI Taps Lumbermen's Underwriting Alliance Exec as Chief Actuary

The National Council on Compensation Insurance (NCCI), the workers' compensation rating organization, appointed Katherine Antonello to the ...

ACE Construction Practice Launches Healthcare Construction Project Services

ACE USA has launched new capabilities specifically designed for healthcare industry construction projects through ESIS, Inc., a risk ...

Coastal Lawmakers Seek Delays in Flood Insurance Changes, Rate Hikes

Just a year after Congress imposed significant changes in the government's oft-criticized flood insurance program, howls of protest from ...

From MyNewMarkets.com Keeping Up with Emerging Risks a Struggle for Insurance Industry

For an industry that depends on lots of data to develop products and price them according to risk, the insurance industry finds covering new...
Carrier Management

Insurer Insolvencies Fuel Director Liability; Board Roles Becoming More Complex

Member of boards of directors of insurance companies are increasingly concerned about lawsuits they might face in...
Secrets of Condos  Property / Liability - webinar next Thursday July 11 from Academy of Insurance - Learn more about this webinar and reserve your spot today
East

Pennsylvania Insurance Department Gets Dedicated Funding Structure

The Pennsylvania Insurance Department announced this week that it now has access to a dedicated funding source, thanks to Gov. Tom ...

Connecticut State Police Charge 63 With DUI Over Weekend

Connecticut state police say they charged 63 people with driving under the influence and issued nearly 2,500 speeding tickets over the July ...

Vermont Waste Facility Sues Insurer to Recover Payouts

The Chittenden Solid Waste District that inadvertently sold compost contaminated with herbicides last year is suing its insurance carrier ...

McGowan Purchases Assets of Professional Risk Placements in New Jersey

The McGowan Companies, based in Fairview Park, Ohio, acquired the assets of Professional Risk Placements LLC in Red Bank, New Jersey. ...

Conn.-Based Medical Liability Insurer CMIC Names Director of Loss Prevention

CMIC, a Glastonbury, Conn.-based carrier offering medical professional liability insurance in New England, recently promoted Denise Condron ...
Midwest

Fire Shuts Down Milwaukee County Courthouse

The Milwaukee County Courthouse and Public Safety Building has been temporarily closed after a weekend fire that caused more than a ...

Missouri Grocer Seeks Dismissal of Security Breach Suits

The suburban St. Louis, Mo.-based supermarket chain Schnuck Markets Inc. wants a federal court to dismiss two lawsuits related to a ...

South Indiana City Awaits FEMA Ruling on Floodplain Maps

A southern Indiana city is awaiting a federal agency's decision on revised floodplain maps that could save more than 400 homeowners ...

Lockton Adds Milwaukee Insurance Brokerage Operation

Insurance and employee benefits advisor, Lockton, has opened a new operation in Milwaukee, Wis., appointing two veteran employee benefits ...
Southeast

Black Lung Rules Delayed Until September

Action on key federal mine safety and health rules are is lagging, including a rule aimed at lowering exposure to coal dust that causes ...

South Carolina Supreme Court Overturns 'Tony Soprano' Verdicts

South Carolina's high court has overturned $11 million in verdicts against a Charleston attorney accused of defaming businessmen by ...

West Virginia Natural Gas Explosion Injures at Least 5

An explosion over the weekend at a natural gas well site in West Virginia operated by Antero Resources injured at least five people, ...
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South Central

Texas AG: State Not on the Hook for TWIA Unfunded Losses

Texas' attorney general says the state is under no obligation to pay outstanding claims for the insurer of last resort for coastal ...

Lockton Opens New Commercial Insurance Office in Ft. Worth, Texas

Lockton has expanded its commercial insurance operations, opening an office in the central business district of Fort Worth, Texas. The new ...

Texas Mutual Insurance Issues $524K in Dividends

Texas Mutual Insurance Co. announced that the Texas Alliance of Energy Producers (TAEP) safety group has earned a $398,735 workers' ...
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West

Idaho Marks 1-Year Ban On Texting While Driving

Idaho State Police say they have issued 66 citations statewide for texting while driving since the texting ban took effect a year ago. The ...

USDA Includes 2 New Mexico Counties In Drought Aid Areas

Two northern New Mexico counties are included in new federal government designations of primary disaster areas due to damages and losses ...

Court: Wyoming Hospital To Pay Woman $2M

A federal appeals court has ordered Campbell County Memorial Hospital in Wyoming to pay a Nevada woman $2 million for damages she suffered ...

Slow Landing Speed Of San Francisco Jet Probed

Investigators have determined that Asiana Airlines Flight 214 was traveling "significantly below" the target speed during its approach and ...
International

Flood Losses Dominate Disaster Count in 1st Half of 2013: Munich Re

Floods caused billions of dollars in losses and dominated the natural catastrophe statistics for the first half of 2013, according to a ...

Retailers Plan Bangladesh Factory Inspections under Safety Pact

A group of mainly European retailers has finalized a plan to conduct coordinated inspections of factories in Bangladesh in an attempt to ...

How a Runaway Train Devastated Canadian Town; 13 Dead, 37 Missing

The short length of track, nestled in a dark pine and birch forest in Quebec, is a regular overnight stop for freight trains hauling crude ...

Latest NHC Analysis of TS Chantal; Storm Warnings, Watches in Effect

The National Hurricane Center's most recent bulletin, released at 5:00 AM AST, places Tropical Storm Chantal in the Atlantic Ocean, off the ...

UK's ABI Highlights 7 Challenges Facing the Insurance Industry

The Association of British Insurers has released a report at its biannual conference In London, entitled "Identifying the Challenges of a ...

U.S. EU Launch Free Trade Talks Despite Spying Concerns

The United States and the European Union began talks on Monday on a landmark bilateral free trade agreement, despite European concerns ...

Run-Off Specialist Enstar Buying Torus Insurance to Expand Into Direct Sales

Bermuda-based Enstar Group Ltd., a firm that typically acquires and manages insurance and reinsurance companies in run-off and portfolios ...

O'Donohoe Succeeds Tobin as Torus Group CEO

Dermot O'Donohoe has been appointed group CEO of the Torus Group, the specialty insurer said. O'Donohoe succeeds Clive Tobin, who is ...

Tower Group International Enters Marine and Energy Market

Tower Group International, Ltd. has entered into the marine and energy insurance market. Tower's new marine and energy team will be led by ...
Secrets of Condos  Property / Liability - webinar next Thursday July 11 from Academy of Insurance - Learn more about this webinar and reserve your spot today

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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

Opt Out Info for Marketing Email Solicitations
Posted: Mon Jul 8 -- If you are a Florida licensed agent, CSR or appraiser and you are sick to death of getting hundreds of email solicitations from every... Lcan250
Exotic car, bad driver!!
Posted: Sun Jul 7 -- I think you are right but before getting the car, he can be a good driver by practicing with a normal car ... Rodney Bush
Insurance agencies for sale ?
Posted: Fri Jul 5 -- If you are looking for one in the NYC area, shoot me a PM. I have something for you. jameskshaffer
non compete clause
Posted: Fri Jul 5 -- Consult an attorney. They are your family, so it's a tricky situation. You still could run into some legal trouble if you signed a... jameskshaffer
High Mod Residential Roofer - KS, Western
Posted: Wed Jul 3 -- Not real big. The comp has been a little over $100,000 in premium. Halpert
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

Reader Comments

Employer Health Insurance Mandate Delayed Until 2015
Posted: Fri Jul 5 -- Field Museum is spectacular. You've seen pieces of it in movies, for sure. Glad to hear she had a nice time. Yes, Sue the T-rex is... Captain Planet
San Francisco Bay Area Car Rental Startup Faces Lawsuit
Posted: Wed Jul 3 -- I probably wouldn't rent my car out, but I see the ingenuity of the idea and appreciate the entrepeneurial spirit of these guys. We need... Libby
Hobby Lobby Wins Round in Fight Against Contraceptive Coverage
Posted: Wed Jul 3 -- It's actually cheaper, FFA. Libby
In Past Decade, World Experienced Unprecedented Climate Extremes: WMO
Posted: Wed Jul 3 -- I read the following recently and thought it worth sharing:- "We are told, incessantly, that carbon dioxide is the main cause of global... Jeff Smith
Lawsuit Filed Over Utah Boy's Falling Tombstone Death
Posted: Mon Jul 8 -- Nice story. Who in the world is Erickson and why do we care what he has to say? Baxtor

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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