Nov 15, 2013

Daily Headlines: Friday, November 15, 2013

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Insurance Journal Daily Headlines
November 15, 2013
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Telematics An Advantage with Driverless Cars, Says Progressive CEO

Progressive Corp. said its technology that tracks driver behavior to set insurance rates will help the company adapt as automated cars take ...

Allianz Looks to Boost U.S. Presence, Improve Fireman's Fund: Bhojwani

Allianz SE, Europe's largest insurer, said it is committed to bolstering operations in the U.S. after international rivals scaled back in ...

Google Wins Copyright Scanning Case Against Authors; Judge Finds 'Fair Use'

Google Inc. on Thursday won dismissal of a long-running lawsuit by authors who accused the Internet search company of digitally copying ...

Big 'I' 2013 Best Practices Study Finds Increases in Specializations, Profitability

The Independent Insurance Agents & Brokers of America (IIABA or the Big "I") released its 2013 Best Practices Study which found an increase ...

InVEST Teacher of the Year Award Renamed in Honor of Florida Educator

InVEST, an insurance industry classroom to career education program founded by the Independent Insurance Agents & Brokers of America (the ...

Insurers, Regulators Question Obama's Healthcare Promise 'Fix'

Insurers and state regulators say that President Barack Obama's "fix" for policies canceled under his healthcare reform law will create new ...

From MyNewMarkets.com AIG Using Science to Define 'Broker Quality Index,' Not Following Market: Benmosche

Property/casualty insurance brokers who aren't diligent about the accounts they're presenting to American International Group risk being...
Carrier Management

RM, Compliance, Ad Costs Lift Carrier Expense Ratios, Commissions Unchanged: Fitch

Even though revenues have climbed for property/casualty insurers in the recent years, underwriting expense ratios...
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East

Vermont Warns People of Health Insurance Phone Scams

The state of Vermont is warning people to beware of phone scams from callers claiming to be selling health insurance in order to obtain ...

New Insurance Fraud Research Study Finds Changes in Virginians' Attitudes

The Insurance Fraud Program of the Virginia State Police recently completed a state-wide research project on Virginians' attitudes ...

New Hampshire Risk Pool Manager Challenges $50M Refund Order

The New Hampshire Local Government Center is asking the state Supreme Court to reverse an administrative order that it refund $52 million ...

New York Law Limits Liability for Convenience Checks

A new law protects New Yorkers from liability for the unauthorized use of convenience checks that their debit and credit card companies ...
Homeowners Association Directors and Officers - New webinar from Academy of Insurance
Midwest

Former Kansas Player Sues NCAA Over Head Trauma

Former Kansas fullback Christopher Powell alleges in a lawsuit that the NCAA failed to adequately protect athletes from head trauma. The ...

Survey: Many Hoosiers Ill-Prepared For Disasters

A survey by a state agency has found that a majority of Indiana residents aren't prepared to survive on their own in the aftermath of a ...

Michigan Farmers Can Get Loan Help After Hail Storms

Farmers in 20 Michigan counties that had damage from severe hail storms earlier this year are eligible for emergency loans. U.S. Sen. ...

Flood Grant Program Proving Popular In North Dakota City

A program that will help homeowners in Minot, N.D. with repair costs following devastating Souris River flooding two years ago is proving ...

Acrisure in Michigan Makes Three Executive Moves

Caledonia, Mich.-based Acrisure LLC recently announced three executive moves. Don Collins was named chief operating officer of Acrisure. ...

Oswald Cos. Names Drushel Senior Client Executive in Ohio

Oswald Cos. named Terri Drushel to senior client executive of global accounts for its property/casualty division. In this role Drushel will ...
Southeast

North Carolina Drag Racer Turns Grief Over Sons' Deaths Into Teen Safety Program

During a time when he was consumed with grief, an area man turned to a project to help others avoid the pain he was going through. Doug ...

Fitch Ratings: Florida's PIP Reform Law a 'Credit Positive' for P/C Insurers

New laws designed to reduce loss cost volatility and claims fraud in the Florida no-fault auto insurance system, commonly referred to as ...

Florida, Alabama Officials Back Mississippi's Suit Over Flood Insurance

Florida and Alabama government officials have filed an amicus brief this week supporting the Mississippi insurance department's lawsuit ...

Possible Sinkhole Reported in Yard in Florida

Residents of several Florida homes have been evacuated due to a possible sinkhole that opened behind a backyard near St. Petersburg. ...
South Central

Louisiana Town May Lose Police Protection Over Insurance Coverage

With just five days remaining until liability insurance coverage for the Sorrento Police Department ends, officials in the Louisiana town ...

Oklahoma Superior Court Referee Hears Workers' Comp Case

Oklahoma's new workers' compensation law violates the state Constitution in several ways and should be struck down, an attorney for two ...
West

California Senator Says FBI Leaked Affidavit to Retaliate

California State Senator Ron Calderon said the Federal Bureau of Investigation leaked a sealed affidavit alleging he took $60,000 in bribes ...

The Carlyle Group to Invest in EPIC in California

Edgewood Partners Insurance Center announced that funds managed by global alternative asset manager The Carlyle Group have agreed to ...

$2.5M Settlement In Hawaii Malpractice Began With a Toe

Attorneys for the family of a 33-year-old Hawaii man who claimed his toe infection turned deadly because of negligent treatment at the ...

Survey: Colorado Employers Seeing 10.9% Hike in Health Plans

It may still be considered the leanest state and among the nation's healthiest, but Colorado employers are seeing a large increase in the ...
International

Europe Urged to Retain Climate Leadership As Competitive Advantage

Europe's abdication from climate leadership would stunt growth in the region and hand a huge economic advantage to China and the United ...

China Weighs Easing Rules on Animal Testing of Cosmetics

China is considering a rule change that would allow the sale of some cosmetics without requiring them to be tested on animals, opening up a ...

Zurich Insurance Reports Profit Rebound

Zurich Insurance Group AG, Switzerland's biggest insurer, said third-quarter profit rose 64 percent, beating analyst estimates, after a ...
Insurance Journal Blogs

YouTube: More Than Stupid Cats and Cute Baby Videos

I'm sure you've seen a YouTube video. Most likely it's one that's gone viral, such as Charlie Bit My Finger, Kittens Inspired by Kittens, ...

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New Discussions in the Forums

New Insurance Agency
Posted: Fri Nov 15 -- Take the time to develop a written "marketing plan". It doesn't have to be a "business plan". Carriers are most interested in HOW you are... El Phil
Please Help! Moving from Virginia to North Carolina
Posted: Thu Nov 14 -- If you have to ask if a North Carolina resident can have a Virginia resident agent license you may want to enroll in the law and ethics CE... Charon
How expensive is long term care insurance?
Posted: Thu Nov 14 -- It's true that long term care insurance rates com with a high price tag. Based from this... racheljames
Free CE Classes in Martinsville and Danville, VA
Posted: Wed Nov 13 -- Not sure of any free CE in your area but IRMI has some great pricing for their online CE classes. You can take... Helenhsu45
"Independent contractor" covered under "employer's" GL?
Posted: Wed Nov 13 -- I'm trying to determine if a person would be covered under the GL of his "employer". We have a homeowner's association, and one of the... rcenters
Georgia and Mississippi WC Exemption question
Posted: Wed Nov 13 -- Thanks! I wondered if it was something ambiguous like that! rcenters
Exotic car, bad driver!!
Posted: Wed Nov 13 -- I'm really interested in knowing what car you're talking about since it's worth 1.5million! PMG Agency
"On-Loan" Fine Art
Posted: Wed Nov 13 -- I'm not sure why this is a problem. Have you been turned down by the retail shop's package policy carrier? Unless the fine artwork is... yoyowordup
Travelers reducing commissions
Posted: Tue Nov 12 -- I can remember when national companies treated their agents like the regionals do now. Back then they really acted like they valued the... Long Island agent

Reader Comments

Clinton, Democrats Pressure White House to Amend Healthcare Law
Posted: Wed Nov 13 -- Am I the only one absolutely shocked that at 9:54 AM there are not at least 300 comments on this article??? ralph
Oregon Toddler's Family Sues Complex Over Abuse
Posted: Thu Nov 14 -- My question is, why was the 3 year old child left to play outside, or wherever without supervision by the parents? What parent, would allow... Secret Agent Girl
Older Drivers Catching Up with Younger in Distracted Driving: Survey
Posted: Tue Nov 12 -- Welcome to the "Me, Myself, and I" culture. Here is some recommended advice. Rule One -- Put your phone in the glove box before you start... ExciteBiker
Pennsylvania Diocese: Birth Control Mandate 'Historic'
Posted: Mon Nov 11 -- Here's a solution. Any employer who feels contraception, sterilization or abortion are morally wrong and should not be covered should sell... Ron
Travelers Cancels ExlService Outsourcing Contract, Citing Confidentiality Breach
Posted: Mon Nov 11 -- Good, now hire back all the us employees you just laid off!!! Yo Momma

Current Issue

November 4, 2013
Current Issue
Focus on Professional Liability / PLUS; Habitational / Dwellings; Agents' E&O Survey; Bonus: Free Ad Readership Study ($2,500 Value); Bonus: The Indiana Issue (Special Supplement)

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