Nov 4, 2013

Daily Headlines: Monday, November 4, 2013

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Insurance Journal Daily Headlines
November 4, 2013
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

BP Oil Spill Settlement Opponents Ask Court to Rescind Approval

Opponents of BP Plc's $9.2 billion partial settlement of private-party claims from the 2010 Gulf of Mexico oil spill are set to ask a U.S. ...

Courts Split Over Health Care Law Birth Control Coverage Mandate

A requirement of President Barack Obama's health care law that group insurance plans cover contraceptives may violate religious freedom, a ...

Groups Urge National System for Tracking Youth Sport Concussions

Is peewee football too early to wonder about concussions? Maybe not: A major report says far too little is known about the risks in youth ...

R-T Specialty to Buy Wholesale Broker Westrope

Chicago-based national wholesale insurance broker R-T Specialty said it has agreed to merge with another wholesale broker Westrope, based ...

From MyNewMarkets.com Markets-in-Motion: Sports & Entertainment Arenas

The 650,000 square foot Honda Event Center in Anaheim, Calif. holds thousands of people at any given time, creating the opportunity for many...
Carrier Management

AIG Earnings Call Highlights: Broker Quality Scrutinized; Still Committed to 'Aspirational Goals'

Property/casualty insurance brokers who aren't diligent about the accounts they're presenting to American International...
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East

Connecticut's Interest in Berms, Dunes Grows After Sandy

Devastating flooding from Superstorm Sandy has sparked growing interest in building berms and sand dunes for protection along the ...

N.Y. Expects 100,000 to Change Health Insurance Under Federal Overhaul

New York health officials say that about 100,000 individuals will have to change their health insurance under the federal health care ...

Collisions Between Cars, Deer Increasing in Delaware

The number of collisions between deer and vehicles in Delaware is growing as state officials work to reduce the deer population. Citing ...

New Jersey Officer Pleads Guilty to Insurance Fraud

A Newark, N.J., police officer has admitted filing a false insurance claim after his vehicle was declared stolen and found torched. The ...

AssuredPartners Acquires Eastern Insurance Agency in Pennsylvania

AssuredPartners Inc., through its subsidiary AssuredPartners of New Jersey, acquired Eastern Insurance Acquisition Agency (D/B/A Eastern ...

Report Looks Back at Why Sandy Caused So Much Flooding Damage Along Coast

Karen Clark & Company (KCC), independent experts in catastrophe risk, catastrophe models and catastrophe risk management, issued a report ...
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Midwest

Bates Receives Indiana Insurance Agents' Industry/Public Image Award

Mark Bates, from Pinnacle Insurance Group of Indiana in Crown Point, Ind., is the recipient of the Independent Insurance Agents of ...

Baltimore Insurer to Relocate to Des Moines, Iowa

A Baltimore, Md.-based life insurance company is moving its corporate offices to Des Moines, Iowa, and it plans to employ 50 workers within ...

State Farm Likely to Move Some Bloomington, Indiana Jobs

State Farm Insurance Co. says it will likely move at least some of its claims services employees out of Bloomington, Ind. State Farm ...

Minnesota Roads Breaking Down Faster than Expected

Minnesota road surfaces that were supposed to last for 30 years are beginning to crumble in half that time, raising concerns that cities ...
Southeast

Tennessee Court Finds City Not Liable for Death by Fallen Tree

The Tennessee Court of Appeals has ruled that Knoxville isn't liable for a tree that fell on and killed a woman driving on a city street. ...

Miller: Florida Insurers Assume Liability in Agent Appointments, Licensing Verification

The agent appointment process is not as simple as some think. Insurers that are not careful could find they are in legal trouble. As in so ...

Brown & Brown CFO Cory Walker to Retire in March 2014

Daytona Beach, Fla.-based brokerage Brown & Brown Inc. announced that Cory T. Walker, who has been serving as senior vice president, ...
South Central

Farmers Insurance, Texas Reach Tentative Deal on Mold Claims

The state of Texas and Farmers Insurance want to settle decade-old claims of overcharging and underserving customers for $117.5 million, ...

INSURICA Adds Winans as Associate Director of Sales Development

Oklahoma City-based INSURICA Insurance Management Network has hired David Winans as associate director of sales development in the firm's ...

As Exchange Opens Oklahoma City Chamber Drops Insurance

The Greater Oklahoma City Chamber of Commerce will no longer provide a health insurance offering that 1,400 companies in the state have ...

Fallin Appoints 2 to New Workers' Comp Panel

Gov. Mary Fallin has named a longtime Oklahoma City attorney and a deputy insurance commissioner to fill the final two spots on the newly ...
West

NSM Insurance Group Acquires California Broker ELM

NSM Insurance Group has acquired Executive Liability Managers Insurance Brokers in California. ELM is a 25-year-old professional liability ...

Insurer For Montana City Settles Lawsuit With Family

The insurance company for the city of Billings has agreed to settle a lawsuit stemming from the death of a 41-year-old man at Rose Park ...

Thousands Without Power After Pacific West Wind Storm

Thousands of people were without power as of Sunday evening in Washington state following Saturday's wind storm. The storm knocked out ...

Corps: Utah County Levees Have Problems

Salt Lake County, Utah's levee systems are in unacceptable shape, according to a review by the U.S. Army Corps of Engineers. Officials with ...

Federal Aid to Colorado Flood Victims Reaches $100M

Federal aid to victims of the historic September floods in Colorado has reached $100 million. The Federal Emergency Management Agency says ...
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International

U.S. Says Japan Signing Liability Pact Would Aid Nuclear Cleanup

Japan will receive international help with the cleanup at the Fukushima atomic station once it joins an existing treaty that defines ...

Pirate Money Promotes Global Criminal Activity: World Bank Report

Pirates hijacking ships off the Horn of Africa and Somalia from 2005 to 2012 garnered well over a quarter of a billion U.S. dollars in ...

South Africa's MMI to Buy Alexander Forbes' Insurance Business

MMI Holdings Ltd., South Africa's third-largest insurer, agreed to pay 1.6 billion rand ($157 million) for Alexander Forbes Ltd.'s ...

Cobalt CEO Says London Meeting Islamic Underwriting Needs

Islamic business leaders have been told London has the ability to deliver highly rated re/insurance capacity to meet their desire to have ...

Travelers Completes Dominion of Canada Acquisition

The Travelers Companies, Inc. announced the completion of its acquisition of The Dominion of Canada General Insurance Company from E-L ...

Another Canadian Freight Train Derails in Alberta, No Injuries

A Canadian National Railway Co. train carrying lumber and sulfur dioxide derailed in the Western Canadian province of Alberta on Sunday, ...

Lockton Names Marsh's Saada as CEO for Middle East-North Africa Region

Lockton (MENA) Ltd. has named Tony Saada as chief executive officer. He will be responsible for developing and serving Lockton's rapidly ...
Sponsored Content

Atlas General Announces Tribunalization with Lloyd's of London

San Diego, CA, 11/4/13 - Atlas General Insurance Services, LLC, is pleased to announce that it has formally completed the "tribunalization" ...
Insurance Journal Blogs

About Those 'Huge' Flood Insurance Rate Increases

Recent news reports on the roll-out of reforms to the National Flood Insurance Program have focused on astronomical increases in rates ...

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Insurance Journal TV

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A World With or Without TRIA

Since the creation of the federal terrorism reinsurance program in 2002 until now the market...
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Aon Benfield's Adam Podlaha Explains Cat Models - and More

Insurance Journal's Charles Boyle interviewed three specialists from Aon Benfield's...

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New Discussions in the Forums

Travelers reducing commissions
Posted: Sun Nov 3 -- Look around...I know of one company with realtime electronic submission with bound/underwritten quotes paying 17% NB in P&C. ...And they... OldIndyAgent
Erie Insurance, feedback please.
Posted: Thu Oct 31 -- I would stay away from Erie. Erie has appointed too many agents and their competitive position has taken a turn for the worse. Erie's... randrew54
CA liability coverage for product - Gopher Gasser
Posted: Thu Oct 31 -- My client is a California wholesalers for garden supplies. They're looking for liability coverage for their new product - Gopher Gasser. The... antagent
7 day insurance policy
Posted: Tue Oct 29 -- Justin, Unfortunately, that program is exclusive to LA Insurance. If you really want access to it, you could access it by becoming an LA... PiP
becoming appointed
Posted: Tue Oct 29 -- Try an Aggregator/Cluster group. By joining you get instant access to preferred markets, higher commissions and contingency opportunities... PiP
It can happen to us too
Posted: Tue Oct 29 -- We also had a claim, not theft related but our water heater burst in our office causing much damage. We tell... Pathwayinsurance
New Phone Line System Help
Posted: Mon Oct 28 -- As someone who has been on the traditional PBX system, to VOIP (to another VOIP) and then finally moved back to a traditional PBX. I was on... Smalltownagent

Reader Comments

Idaho Lawsuit Is Latest Claim Against Remington
Posted: Mon Oct 28 -- basic principle of firearm use/handling: never point it in any direction that might cause injury should it misfire. why would he have been... bob
Bipartisan Deal Reached to Delay Flood Insurance Premium Hikes: Waters
Posted: Mon Oct 28 -- I am still laughing. Where are all my capitalistic, market crazy Republican friends who should be insisting the rates be market rates, no... JohnS
Nevada HOA To Pay $65K After Banning Family's Ambulance
Posted: Fri Nov 1 -- I love it when a draconian HOA gets slapped by the courts for being a jerk. Why?
UPS Driver in Michigan Works 51 Years, No Crashes
Posted: Fri Nov 1 -- Thank you, sir! Congratulations! Wildcat
Buffett Looking For Acquisitions as Berkshire's $40B Cash Pile Deemed 'Too Much'
Posted: Thu Oct 31 -- Wow, if I was one of his employees I would love to receive a $1 million bonus. Just think how that would boost the economy through his... Baxtor

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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