Dec 5, 2013

Daily Headlines: Thursday, December 5, 2013

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Insurance Journal Daily Headlines
December 5, 2013
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Today's Headlines

National

Court Shields Developers From Terrorism-Related Damages in 9/11 Case

A federal appeals court in New York has given developers and builders of high-rises and other buildings added protection from lawsuits over ...

Lawsuits Challenging Obamacare Cite Religion, Tax Issues

Hours after the University of Notre Dame filed a religious challenge to the U.S. health-care overhaul in Indiana federal court, a judge in ...

Flood of Regulations Coming from Obama Administration

Over the next 12 months, the Obama administration is due to issue regulations governing everything from e-cigarettes to smoke-stack ...

Left and Right Are Both Wrong About Regulation: Viewpoint

In 1981, President Ronald Reagan instructed federal agencies that they could issue regulations only after demonstrating that their benefits ...

Anadarko, BP Seek Reversal of Oil Spill Clean Water Act Ruling

Anadarko Petroleum Corp. and BP Plc asked an appeals court to throw out a judge's finding that both companies were liable under the U.S. ...

Nordquist to Lead Wells Fargo Insurance Small Business, Personal Lines Unit

Wells Fargo & Co. promoted Laurie Nordquist to head of the unit providing insurance to individuals and small businesses, replacing Anne ...

Liberty Mutual Launches Foreign Package Policy for U.S. Companies

Liberty Mutual's Commercial Insurance strategic business unit has expanded its foreign package policy offering by introducing a new ...

Argo Surety to Issue Surety Bonds in Europe for U.S. Clients

Argo Surety, a division of Argo Group International Holdings, Ltd., now has the capability to issue surety bonds throughout the European ...

From MyNewMarkets.com 'Uncertainty the only Certainty' in Med Mal Market Post Healthcare Reform

The Affordable Care Act has obviously changed the health and benefits insurance marketplace, but the medical malpractice industry has also...
Carrier Management

That 70s Show: Obamacare Takes Federal Black Lung WC Claims Back in Time

Tucked into amendments to the Patient Protection and Affordable Care Act (PPACA) are two unexpected provisions that put...
Great American Insurance Group, Demotech and Vertafore. Want News on the Go? Insurance Journal now available on the iPhone, Android and Kindle Fire - Download it free today! Click here for more information.
East

Analysis: 2 Factors Key to Lawsuits Over New York Train Crash

For lawyers preparing to sue over Sunday's deadly New York commuter rail accident, their success in court may depend largely on two ...

New York Officials Settles With Markel for College Insurance Refunds

New York officials say they've reached a settlement with Markel Insurance Co. that will result in $2.75 million in restitution to college ...

Travelers Sues British Insurance Company Over Umbrella-Shaped Logo

The Travelers Companies recently sued London, U.K.-headquartered financial services and insurance company Legal & General Group PLC (L&G ...

Pennsylvania Residents See Some Upgrades on Health Website

The federal government's beleaguered health insurance website is better than it was, but still far from flawless, according to ...
Insurance Journal's 2013 Program Directory, Vol. II - Download Now
Midwest

Kansas City Chiefs Sued by Former Players Over Head Injuries

Five former Kansas City Chiefs players who were on the team between 1987 and 1993 have filed a lawsuit claiming the team hid and even lied ...

Illinois Central Railroad Faces Fines of $110,500 for Lead Exposure

Illinois Central Railroad Co. has been cited by the U.S. Department of Labor's Occupational Safety and Health Administration for one ...

Esser Hayes Insurance Group Agent Again Among Top Professionals in Chicagoland

Five Star Professional has named local Naperville insurance agent, Thomas D. Evans from Esser Hayes Insurance Group, as a recipient of the ...
Southeast

South Carolina's Greenville Eyes Driver Cellphone Ban

Greenville, South Carolina is considering a ban on any use of a cellphone in a driver's hand. The city has created a task force to look at ...

Insurance Agent Thompson Wins Georgia State Senate Election

Northwest Georgia insurance agent Bruce Thompson has been elected to represent District 14 in the Georgia state Senate. Thompson won about ...
South Central

Red Rock Insurance to Provide Temporary Coverage for Oklahoma Uninsured Drivers

Red Rock Insurance Co., an Oklahoma-based business, has been chosen to provide liability coverage for offenders whose license plates were ...

Insurer Geico Plans to Add Up to 1,000 Texas Jobs

The insurance company Geico plans to open a claims center in suburban Houston that will employ up to 1,000 people. The company announced ...

Hill Named VP of Loss Prevention at Texas Mutual Insurance

Austin-based workers' compensation insurance provider, Texas Mutual Insurance Co., has named Woody Hill its vice president of loss ...

With Focus on Property Crimes and Violence, Dallas Police Write Fewer Traffic Tickets

Police in Dallas have issued 37,000 fewer traffic tickets as the force puts more resources toward fighting property crimes and violent ...
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West

California Woman Ticketed For Driving With Google Glass

A California woman has pleaded not guilty to what is believed to be the first traffic citation alleging a motorist was using Google's ...

Tahoe Ski Resort Settles Suit Over Chairlift Death

A lawsuit filed by a family against a Lake Tahoe ski resort and other companies over the death of a man who fell from a chairlift has been ...
Sponsored by: CIWA. Wholesaler Brokers, E and S Carriers and Vendors: You absolutely must watch this video! California Wholesaler Industry Days. Jan. 8-10, Hilton Torrey Pines, La Jolla, CA. Click here for more information.
International

Cyber Experts Uncover 2 Million Stolen Passwords to Global Web Accounts

Security experts have uncovered a trove of some 2 million stolen passwords to websites including Facebook, Google, Twitter and Yahoo from ...

INTERVIEW-Greece, BlackBerry, Ireland - 'Cautious' Bets for Canada's Fairfax

Bets on debt-ravaged Greece or ailing phone maker BlackBerry would make many investors flee, but for Prem Watsa both are part of a ...

Zurich Insurance Lowers Profit Target; Signals Business Sale

Zurich Insurance Group AG, Switzerland's largest insurer, lowered its profit goal as Chief Executive Officer Martin Senn signaled he's ...

Tokio Marine Europe to Combine Operations with Kiln Group

Tokio Marine Europe and Kiln, both of which are part of the Tokio Marine Group, announced their intention yesterday to join forces to form ...

Aon Ex-Executive Chilton Joins Gallagher in Reinsurance Venture

Grahame Chilton, who helped build Benfield Group Ltd. before selling it to Aon Plc in 2008, has formed a partnership with Arthur J. ...

Best Europe Affirms Hiscox and Subs Ratings

A.M. Best Europe - Rating Services Limited has affirmed the financial strength rating (FSR) of 'A' (Excellent) and issuer credit ratings ...
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Markets in Motion - Sports & Entertainment Venue

The 650,000 square foot Honda Event Center in Anaheim, Calif. holds thousands of people at any...
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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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New Discussions in the Forums

Help Finding Car Insurance Average Coverage Stats?
Posted: Wed Dec 4 -- Have you tried the Insurance Information Institute (iii.org)? Or the NAIC also sells industry information. mrs dean wormer
Affordable Care Act: A Brief Explanation
Posted: Wed Dec 4 -- Not only is the explanation "brief" it is incorrect in that it says none of the premium is applied to administrative cost. There is a... earlybird
Trucking for hire with Losses
Posted: Tue Dec 3 -- Try Progressive. jsjones51
NY Workers Comp For Concrete/Excavation Contractor
Posted: Mon Dec 2 -- I'm looking for a market other then NYSIF to place this account. Payroll is over 100k and owner will give out payroll processing if he can... Nyr085
Alternative to hotels for displaced clientele
Posted: Sun Dec 1 -- Hello, I'm new to this site, thanks for so many excellent comments on so many topics. Here's my question, hopefully someone can steer me in... icansolvetheproblem
Illinois Midwest Work Comp- tool mfg 3099
Posted: Tue Nov 26 -- HI does anyone know where I can BOR a work comp policy for Illinois Midwest for a CA policy? The class code is 3099 tool mfg NOC and... pcbroker
Parachute Rigger Insurance
Posted: Tue Nov 26 -- Greatest answer ever given on this board!!! LOL! dgarzoli
Technology Question - Submission Management
Posted: Sat Nov 23 -- I am looking for the right application submission system for our agency. We are a wholesaler with an exclusive product. - Dashboard for us... InsureTime

Reader Comments

Obamacare's Small Business Exchange Site Delayed 1 Year
Posted: Tue Dec 3 -- I don't take people disagreeing with me personally and don't know how you came to that conclusion. Hell I disagree with a majority of the... LiveFree
Coast Guard Has No Duty to Undertake Rescue Efforts, Court Ruless
Posted: Mon Dec 2 -- Roger, I think you need to read the decision again, it clearly says the CG was engaged in other cases at the time. As a decision maker do... Retired CG Officer
Tower Group to Cut 140 Jobs After Q2 Loss Due to Reserve Charges
Posted: Mon Dec 2 -- Amen to that. If were among the 90% left, I'd be looking elsewhere pronto! Libby
Supreme Court Agrees to Hear Religious Exemption to Birth Control Benefit
Posted: Tue Dec 3 -- FFA, How many Democratic politicians have expressed interest in how you were doing as a business? Has Emanuel & Quinn been by to see you... Agent
Buffalo Officials Ask Shop Owners to Get Liability Insurance for Holiday Lights
Posted: Wed Dec 4 -- "Take out liability insurance of at least $1 million"? If the business owners have CGL coverage, that's all they need. This is incidental to... Harry Landers

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December 2, 2013
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