Jul 25, 2012

Daily Headlines: Wednesday, July 25, 2012

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Insurance Journal Daily Headlines
July 25, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Oil Firms, Regulators Miss Major Accident Indicators: Gulf Spill Report

Transocean and BP, trade associations, and U.S. regulators largely judged the safety of offshore facilities by focusing on routine personal ...

Apple Claims $2.5 Billion Damages in Samsung Patent Case

Apple Inc. claims it is entitled to $2.525 billion of damages in its high-stakes battle against Samsung Electronics Co over patents for ...

While Debate Over Safety Valve Goes On, Gas Explosions Continue: AP

The bulldozer was clearing land outside a day care center in Hapeville, Ga., when it broke open a buried 1-inch pipeline. The escaping gas ...

W.R. Berkley Q2 Profit Rose 32%; Average Renewal Rate Hike Was 6%

W.R. Berkley Corp. reported $108.8 million for its second-quarter net profit, a 32.4 percent increase compared to the same period one year ...

Great American Opens Public Sector Alternative Risk Division

Great American Insurance Group has launched its Public Sector Alternative Risk Division. This Division will offer coverages in the ...

HomeAway Launches Vacation Rental Properties Insurance Product

HomeAway, Inc., an online marketplace for vacation rentals, is now offering HomeAway Assure, a CBIZ Insurance Program product that is ...

Lexington Announces Law, Ordinance Upgrade Coverage Enhancement

Lexington Insurance Company has introduced Law and Ordinance Upgrade, a new enhancement that is available to Lexington's higher education, ...

From MyNewMarkets.com New Program Provides Extra Flooding Services for High-Value Homeowners

Powered by InsuranceJournal.tv A new flood coverage suite from Privilege Underwriters Reciprocal Exchange, or PURE, now offers another...
East

N.J.-Based NIP Group Promotes Jantzen to Programs Division President

Woodbridge, N.J.-based broker NIP Group has promoted Donna Jantzen to the position of president of its programs division, a growing ...

Liberty Mutual Executive Joins The Navigators Group in Rye Brook, N.Y.

Rye Brook, N.Y.-based specialty insurer The Navigators Group appointed Mark Yunque as chief actuary and senior vice president of Navigators ...

General Star’s Real Estate Appraiser E&O Program Now Available in N.Y.

General Star Management professional liability coverage for real estate appraisers has been approved and is now available in New York on an ...

Virginia Seeking Storm Assistance From FEMA

Virginia is seeking federal disaster assistance for the estimated $27.5 million spent by the state and local governments to respond to late ...

Northern United Agents Alliance Launches New Agency in Massachusetts

The Northern United Agents Alliance (NUAA), an independent agency partnership based in New Hampshire, has teamed up with a group ...
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Midwest

Indiana Physician Who Hid in Europe Pleads Guilty to Fraud

A former northwestern Indiana nose surgeon who was once the subject of an international dragnet before being captured on an Italian ...

Indiana Supreme Court: Son Can Sue Dad Over Accident Injuries

The state Supreme Court has ruled that an Indiana man can sue his father for leg injuries he suffered when his father drove into him. An ...

Arthur J. Gallagher & Co. Launches Private Insurance Exchange

Itasca, Ill,-based Arthur J. Gallagher & Co. announced that its employee benefit consulting operation, Gallagher Benefit Services Inc. ...

Former Topeka, Kansas, Deputy Fire Chief Files Discrimination Lawsuit

A former Topeka deputy fire chief is seeking more than $1.3 million in a federal discrimination lawsuit filed against Topeka and a ...

Report: 10,000 Construction Jobs Lost in Wisconsin

A new report says Wisconsin lost more than 10,000 construction jobs in the last year. The Associated General Contractors of America says ...
Join us online Thursday July 26 for a LIVE webcast, Five Court Cases You Need to Know by Name - hosted by Insurance Journal's Academy of Insurance - Reserve Your Spot Today
Southeast

How Georgia Trucking Companies Escape Safety Scrutiny: Report

Trucking companies in Georgia that run afoul of safety rules can simply shut down and reopen with a name change. The barriers to starting a ...

West Virginia Court to Hear Mine Inspectors’ Liability Case in October

The West Virginia Supreme Court has set an October argument date to consider the issue of whether Mine Safety and Health Administration ...

Keystone Names Garruto Vice President in Georgia

Keystone Insurers Group has named Kaye Garruto as its new Georgia state vice president. A 22-year veteran of the insurance industry, ...

Carron Joins Willis North America Yacht Practice in Florida

Willis North America has appointed Rob Carron as an account executive with Willis North America Yacht Practice in Fort Lauderdale, Fla. The ...
South Central

DPS: Tire Likely Cause of Deadly Texas Truck Crash

State authorities believe that a pickup truck's front right tire came apart, likely causing the vehicle to veer off a rural highway and ...

Man’s Gun Fires in Dallas Walmart; 4, Including 2 Children, Slightly Hurt

Investigators say a man and three bystanders have been slightly hurt when his gun accidentally fired at a Walmart store in Dallas. Police ...

Police: Woman Killed in Arkansas Workplace Shooting

A woman is accused of fatally shooting a co-worker on July 23 at an Arkansas plant after the two apparently had an earlier altercation, ...

Louisiana Citizens Pays $104M Award Over Slow Storm Claims

Louisiana's property insurer of last resort has paid a $104 million judgment in a case involving more than 18,500 policyholders who sued ...
West

Ernst & Young's Tony Anderson to Be Honored By City Of Hope

City of Hope's National Insurance Industry Council will honor Anthony "Tony" Anderson, retired vice chairman and Midwest managing ...

CK Names Karber Southwest Regional Underwriting Manager

San Jose, Calif.-based CK Specialty Insurance Associates Inc., a surplus lines broker and managing general agent, named Roger Karber its ...

Wells Fargo Names Volkel Head of Bay Area Operations

Wells Fargo Insurance named Bob Volkel to lead its Bay Area operations. Volkel will lead the insurance brokerage and consulting sales and ...

Heffernan, VentureLoop Launch Professional Employer Organization

Walnut Creek, Calif.-based Heffernan Insurance Brokers is partnering with VentureLoop to launch VentureLoop HR, a professional employer ...

Insurance Associates Launches F&W Insurance Company

Boulder, Colo.-based Insurance Associates Inc. announced it opened a newly formed company, F&W Insurance. F&W Insurance was ...
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International

Insurance is Key as Investment Frontiers Open, Says World Bank Exec

Political risk insurance against conflict or breach of contract has become a key factor for investors seeking higher returns in developing ...

Typhoon Vicente Hits Hong Kong, but Only Minor Damage Reported: AIR

According to catastrophe modeling firm AIR Worldwide, Typhoon Vicente, the 8th named storm to form in the Northwest Pacific this year, ...

ING in Restructuring Talks with EC, Dutch Government

Dutch bank and insurer ING, forced to sell assets in return for receiving state aid during the financial crisis, said on Tuesday it was in ...

Earnings Report: ACE Limited

Selected earnings highlights from Swiss based ACE Limited for the second quarter and the first half of 2012 are as follows: ...

Dsouza Joins Argo Group in Dubai as Casualty, Professional Lines Underwriter

Argo Group International Holdings, Ltd. announced that Jason Dsouza has joined Argo Re (DIFC) Ltd. in Dubai as a casualty and professional ...
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Insurance Journal Blogs

Of Hurricanes, Insurance, Mitigation and Carbon Taxes

I'm in New Orleans at a conference on Preparing the Gulf Coast for Extreme Weather. Its lead sponsor is a reinsurer, the Institute for ...

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New PURE Program Provides Extra Flooding Services for High-Value Homeowners

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Agency Capitalizes on Obamacare

Shawn Pynes, principal with Barney & Barney, discusses the benefits business following...

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New Discussions in the Forums

Reservation of Rights HELP
Posted: Wed Jul 25 -- Basic INS-101 all agents should know: An ambiguous provision in an insurance policy is construed most favorably to the insured and strictly... OldIndyAgent
Insurance aggregators/Groups for personal lines
Posted: Tue Jul 24 -- what's the company name andy? nominal monthly sounds great, would like to see list of personal lines p&c carriers, you can provide... surestart12345
AMS360 for accounting?
Posted: Tue Jul 24 -- How do you calculate the EARNED commission that can be (legally) transferred to the Operating Account? insstudent
Agent no legal duty to inform on cancellations?
Posted: Tue Jul 24 -- Earlybird is precisely correct. Not chasing down your revenue-creating premium is the thin-end of the wedge. Why wouldn't an agency remind... Erik M. Olsen, CIC
Commercial Auto Coverage for Golf Carts Florida
Posted: Mon Jul 23 -- no, Colony will not COMMCOV
Personal Lines - Renewal Letters? E&O Prevention
Posted: Mon Jul 23 -- Do you know the particular court case name for a proper citation? surestart12345
Insurance Noodle vs. Superior Access vs. Agent Secure
Posted: Mon Jul 23 -- There is another great alternative out there but you have to qualify. What state are you in? And what is your experience level. JAM
carriers for multistate trucking/warehousing work comp
Posted: Fri Jul 20 -- There are a couple different PEO options available to cover this type of risk with varying levels of deductibles. Could also help with the... Chad Filley
work comp carriers for nursing home
Posted: Fri Jul 20 -- I deal with several PEO's that will offer comp for this type of risk and can offer various levels of deductibles as well. Give me a call to... Chad Filley

Reader Comments

State Farm: Sandusky's Homeowners Policy Doesn't Cover His Legal Bills
Posted: Mon Jul 23 -- So Sandusky wants the insurance companies to pay his defense costs...REALLY? Put him in Jail and throw away the Key....or better yet, just... Longtime Broker
Ex-School Nurse in Texas Gets 10 Years for Fire
Posted: Mon Jul 23 -- I'm betting her next evaluation will include something like "Doesn't accept constructive criticism very well" Markey
CEO Group Warns Washington to Avoid Impending 'Fiscal Cliff' Politics
Posted: Fri Jul 20 -- I agree Sargent. A good example of incompetence is one I am familiar with. One of my customers owns a Commercial Office property. An... Agent
$31M Jury Award For Unsafe Calif. Highway
Posted: Mon Jul 23 -- The title of this article is a bit misleading. The jury found CalTrans 15% liable and placed 85% liability on the driver who made the left... Lisa
Florida Citizens' Chief Sets 500K Policy Depopulation Target
Posted: Thu Jul 19 -- I'll help. There would be plenty for the both of us. Mr. Solvent

Current Issue

July 23, 2012
Current Issue
Excess, Surplus & Specialty Markets Directory Vol. II

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Copyright © 2012 by Wells Media Group, Inc.

Jul 24, 2012

Daily Headlines: Tuesday, July 24, 2012

Sponsored by: Insurance Journal. Insurance Journal's Satire Issue is Back for More! Click Here to Submit Your Jokes and Anecdotes.
Insurance Journal Daily Headlines
July 24, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Insurers Urge Incentives for States to Adopt Stronger Building Codes

Property/casualty insurers are backing a measure in Congress to incentivize states to adopt stronger building codes. The National ...

Walnut Place Drops Objections to $8.5 Billion BofA Deal; AIG Still Questions

Walnut Place, an entity that had challenged a proposed $8.5 billion settlement between Bank of America Corp. and investors in failed ...

CarFax Says Patent for Vehicle History Data Use in Insurance Approved

Carfax Inc. reported that federal officials have approved its patent applications for its auto insurance underwriting and rating system ...

Catlin Appoints McMellin to Succeed Banas as U.S. CEO

The Bermuda-based Catlin Group Limited announced that Andrew McMellin, currently the group's deputy chief underwriting officer, will ...

Relocation Insurance Group Launches Full Value Protection Moving Coverage

Relocation Insurance Group (dba Moving Insurance LLC) has launched a new moving insurance product designed to assist interstate moving ...

From MyNewMarkets.com New Program Provides Extra Flooding Services for High-Value Homeowners

Powered by InsuranceJournal.tv A new flood coverage suite from Privilege Underwriters Reciprocal Exchange, or PURE, now offers another...
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East

New York Licenses First Mutual Bond Insurer for U.S. Municipal Market

New York State's Department of Financial Services announced this week that it has licensed Build America Mutual Assurance Company (BAM) to ...

USI Insurance Services Acquires Kelly Insurance Brokerage in New York

USI Insurance Services, an insurance brokerage and financial service firm in Briarcliff Manor, N.Y., completed its acquisition of New ...

Vermont Launches Photo Contest to Showcase State’s Recovery From Irene

Vermont Gov. Peter Shumlin is asking Vermonters to share their best photographs of Vermont since Tropical Storm Irene to celebrate the ...

Integro Insurance Executive Joins Frank Crystal & Co. in New York

New York-based brokerage firm Frank Crystal & Co. has appointed Walter S. Tomenson III as producer and executive director. He will report ...

Zurich Appoints Credit & Political Risk Director in Washington, D.C.

Zurich, Switzerland-headquartered Zurich Insurance Group appointed Dave Anderson as credit and political risk director for global business ...
Join us online Thursday July 26 for a LIVE webcast, Five Court Cases You Need to Know by Name - hosted by Insurance Journal's Academy of Insurance - Reserve Your Spot Today
Midwest

Crop Insurance Helps Farmers Now More Than in 1988 Drought

U.S. crops are taking a beating in the worst drought since 1988 but most farmers are not sweating like they did 24 years ago when a drought ...

Zurich Insurance to Add 150 Jobs in Chicago

Zurich Insurance plans to add 150 jobs to its workforce in Chicago. Zurich is a commercial property-casualty insurance provider that ...

Ohio Supreme Court: Corporation Must Advance Defense Costs for Director

The Supreme Court of Ohio has ruled that a corporation can't avoid paying the legal defense expenses of a corporate director who is sued ...

Davies Named CEO of Ohio-based SafeAuto Insurance

Columbus, Ohio-based insurer, SafeAuto, announced that Ron Davies, former senior vice president with Allstate Insurance Co., will take over ...
Join us online Wednesday July 25 for a LIVE webcast, Building Strength Within Your Agency - hosted by Insurance Journal's Academy of Insurance - Reserve Your Spot Today
Southeast

North Carolina Property Insurance Reform Law Comes Up Short

North Carolina's property market problems are well known but thus far answers remain elusive even after lawmakers approved a bill that ...

Costs Driving Changes, Opportunities in New World of Benefits Brokerage

Group health insurance brokerage is changing but the changes are not primarily due to Congress or the courts. Rather the changes are being ...

Wholesaler Socius Opens Alabama Office; Names Stickley as VP

San Francisco-based Socius Insurance Services Inc., a management liability and property/casualty insurance wholesaler, has opened an office ...
South Central

Authorities: 13 Dead After Truck Crashes in Texas

A pickup truck overloaded with passengers veered off a highway and crashed into trees in rural South Texas on July 22, killing at least 13 ...

Idea of Creating DWI Tracking System in Louisiana Revived

The idea of creating a statewide DWI tracking system in Louisiana is gaining steam again. The Advocate reports that the 2004 death of an ...

USG Announces New Houston Office

USG Insurance Services Inc., a national wholesaler and MGA, is expanding its Texas operations with a new office in Houston. Rose Perez, ...

Improved Fire Rating Expected to Lower Insurance Costs in Louisiana Town

Homeowners in Vinton, La., can expect lower insurance rates after the rating for the town's fire department was raised. KPLC reports the ...
West

Man Sues Maui Police For Buttock Gunshot Wound

A lawsuit claims a man suffered a traumatic gunshot wound to his buttock by Maui police officers. Anthony Lum-John claims officers used ...

White Joins Thoits Insurance as Vice President

Cary W. White joined San Jose, Calif.-based Thoits Insurance as vice president. White is responsible for new business production, client ...

Aces Names Meeker Product Development Director

Managing general agent Aces Commercial Insurance Services Inc. named Ken Meeker as director of product development. His goals are on market ...
International

China Drafts Rules for Insurers to Raise Private Equity Stakes; Trade Derivatives

China plans to double the amount insurers can invest in private equity and allow them to trade financial derivatives both at home and ...

AIR Analyzes Fallout from Heaviest Rainfall to Hit Beijing since 1951

According to catastrophe modeling firm AIR Worldwide, on Saturday, July 21, a heavy storm in China delivered as much as 18 inches [45.72 ...

Japan’s All Nippon Airways Grounds Dreamliners, Citing Engine Corrosion Risk

Japan's All Nippon Airways said on Monday it grounded part of its fleet of 787 Dreamliners after tests revealed a risk of engine corrosion, ...

AIR Expands Suite of Catastrophe Models for Australia

Catastrophe risk modeling firm AIR Worldwide announced the expansion of its suite of catastrophe models for Australia "with the release of ...

Fairfax’s Watsa Raises Stake in BlackBerry Maker RIM to Nearly 10%

Canadian investor Prem Watsa, dubbed the "Warren Buffett of the North," has nearly doubled his company's stake in embattled BlackBerry ...

UK’s Pioneer Underwriting to Launch Professional Indemnity Team

Pioneer Underwriting, which conducts business in partnership with Liberty Syndicates, has launched a new specialty unit, Pioneer PI that ...
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Agency Capitalizes on Obamacare

Shawn Pynes, principal with Barney & Barney, discusses the benefits business following...
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LexisNexis Insurance Exchange Celebrates One-Year Anniversary

The LexisNexis Insurance Exchange – an online single-entry submission system that...

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New Discussions in the Forums

Reservation of Rights HELP
Posted: Tue Jul 24 -- Let me guess....the carrier is AIG, right? Big Dog
AMS360 for accounting?
Posted: Tue Jul 24 -- How do you calculate the EARNED commission that can be (legally) transferred to the Operating Account? insstudent
Agent no legal duty to inform on cancellations?
Posted: Tue Jul 24 -- Earlybird is precisely correct. Not chasing down your revenue-creating premium is the thin-end of the wedge. Why wouldn't an agency remind... Erik M. Olsen, CIC
Commercial Auto Coverage for Golf Carts Florida
Posted: Mon Jul 23 -- no, Colony will not COMMCOV
Personal Lines - Renewal Letters? E&O Prevention
Posted: Mon Jul 23 -- Do you know the particular court case name for a proper citation? surestart12345
Insurance Noodle vs. Superior Access vs. Agent Secure
Posted: Mon Jul 23 -- There is another great alternative out there but you have to qualify. What state are you in? And what is your experience level. JAM
Insurance aggregators/Groups for personal lines
Posted: Fri Jul 20 -- There are many options available and each are uniquely different. Whether there is a monthly fee, a broker fee, reduced commissions,... amckirahan
carriers for multistate trucking/warehousing work comp
Posted: Fri Jul 20 -- There are a couple different PEO options available to cover this type of risk with varying levels of deductibles. Could also help with the... Chad Filley
work comp carriers for nursing home
Posted: Fri Jul 20 -- I deal with several PEO's that will offer comp for this type of risk and can offer various levels of deductibles as well. Give me a call to... Chad Filley

Reader Comments

Casino Waitresses in Pennsylvania Sue Over Maternity Policy
Posted: Tue Jul 17 -- Was this policy in force when the waitresses accepted their positions? If so, then too bad for them. The casino still tried to keep them... Reverend Haywood Judumee
State Farm: Sandusky's Homeowners Policy Doesn't Cover His Legal Bills
Posted: Mon Jul 23 -- So Sandusky wants the insurance companies to pay his defense costs...REALLY? Put him in Jail and throw away the Key....or better yet, just... Longtime Broker
Ex-School Nurse in Texas Gets 10 Years for Fire
Posted: Mon Jul 23 -- I'm betting her next evaluation will include something like "Doesn't accept constructive criticism very well" Markey
Florida Citizens' Chief Sets 500K Policy Depopulation Target
Posted: Thu Jul 19 -- I'll help. There would be plenty for the both of us. Mr. Solvent
CEO Group Warns Washington to Avoid Impending 'Fiscal Cliff' Politics
Posted: Fri Jul 20 -- I agree Sargent. A good example of incompetence is one I am familiar with. One of my customers owns a Commercial Office property. An... Agent

Current Issue

July 23, 2012
Current Issue
Excess, Surplus & Specialty Markets Directory Vol. II

More Newsletters

Choose Newsletters
Enter Your E-mail

How to Advertise

For information about advertising on this newsletter and Insurance Journal magazines, contact Julie Tinney at (800) 897-9965 x148.
View our Media Kit for advertising options in our magazines and online properties.
Insurance Journal
3570 Camino del Rio North, Suite 200
San Diego, CA 92108
(800) 897-9965
Copyright © 2012 by Wells Media Group, Inc.

Insurance Journal TV: New PURE Program Provides Extra Flooding Services for High-Value Homeowners

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July 24, 2012
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New PURE Program Provides Extra Flooding Services for High-Value Homeowners

A new flood coverage suite from Privilege Underwriters Reciprocal Exchange, or PURE, now offers another choice to owners of high-value homes across the United States. PURE focuses...

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Copyright © 2012 by Wells Media Group, Inc.

Jul 23, 2012

Daily Headlines: Monday, July 23, 2012

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Insurance Journal Daily Headlines
July 23, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Crop Insurers Can Handle Midwest Drought Losses: Fitch

Analysts at Fitch Ratings say they believe the leading writers of crop insurance will be able to absorb any near-term crop losses from the ...

Traffic Deaths Spike 13.5% in First Quarter

Traffic deaths soared 13.5 percent in the first quarter of the year compared to the same period last year, and the number of deaths per ...

Nasdaq Boosts Payments to Firms Over Facebook IPO to $62 Million

Nasdaq OMX Group Inc. plans to pay out $62 million in cash to firms that lost money in Facebook Inc.'s bungled initial public offering in ...

Mining Deaths Down in First Half of 2012

Nineteen mining deaths occurred during the first six months of the year, the second-lowest midyear toll ever recorded, federal regulators ...

Sprint Offers Usage-Based, Driver Tracking Service for Insurance Industry

Communications firm Sprint has begun selling driver tracking services to auto insurers. Sprint said its integrated, end-to-end usage-based ...

From MyNewMarkets.com New Program Provides Extra Flooding Services for High-Value Homeowners

Powered by InsuranceJournal.tv A new flood coverage suite from Privilege Underwriters Reciprocal Exchange, or PURE, now offers another...
Sponsored by: Insurance Journal. Insurance Journal's Satire Issue is Back for More! Click Here to Submit Your Jokes and Anecdotes.
East

State Farm: Sandusky’s Homeowners Policy Doesn’t Cover His Legal Bills

State Farm has filed a lawsuit in Pennsylvania last Thursday, asking a judge to declare that the insurer's homeowners' policy for former ...

Maine-Based Insurance Firm Buys Naming Rights to New Bangor Arena

The City of Bangor, Maine, announced last Friday that its new 8,000-seat multi-purpose sports and entertainment venue currently under ...

N.J. Officer Settles Suit Over Hair Put in Sandwich

A southern New Jersey police officer will get nearly $14,000 to settle a civil lawsuit he filed against a short-order cook who placed his ...

FEMA Backing Away From Vt. Funding Assurance

A top state official stunned lawmakers last Friday with the announcement that the Federal Emergency Management Agency apparently was ...
Join us online Thursday July 26 for a LIVE webcast, Five Court Cases You Need to Know by Name - hosted by Insurance Journal's Academy of Insurance - Reserve Your Spot Today
Midwest

Some Parts of Midwest Expecting Rain This Week

Rain will fall early this week in the northern U.S. Midwest, with from 1 to 2 inches expected across a broad parched swath of corn and ...

Spirit AeroSystems’s Insurance Claim From Tornado Is Around $400M

Spirit AeroSystems in Wichita, Kan., estimates its insurance claim from an April tornado will be about $400 million. The company said that ...

State Auto Financial: Impact of Q2 Storm Activity May Reach $36M

Columbus, Ohio-based State Auto Financial Corp. announced it estimates the company's second quarter 2012 results will include between $33 ...

United Benefit Advisors Names Mangan CEO

United Benefit Advisors (UBA), based in Indianapolis, Ind., announced it has appointed Thomas Mangan as chief executive officer. Mangan is ...

Fire Burns Tens of Thousands of Acres in Nebraska

A wildfire that has scorched tens of thousands of acres and damaged homes in north-central Nebraska continued to burn on Saturday, July 21. ...

Health Insurance Rebates in Ohio to Total $11.3 Million

More than 81,000 Ohio families will be getting health insurance rebates this summer that will total $11.3 million across the state, a ...
Join us online Wednesday July 25 for a LIVE webcast, Building Strength Within Your Agency - hosted by Insurance Journal's Academy of Insurance - Reserve Your Spot Today
Southeast

Directors Cite Insurance Questions in Ouster of North Carolina’s Duke Energy CEO

A long-time Duke Energy Corp. director who led the surprise CEO ouster at the country's largest electric company said Friday that reasons ...

Former Sen. Frist Backs State Health Insurance Exchanges

Former Senate Majority Leader and heart surgeon Bill Frist is calling on states to get going on their health insurance exchanges. The ...
South Central

Officials: June to June, Louisiana Private Sector Adds 50K Jobs

Louisiana's private sector added 50,400 jobs from June 2011 to June 2012, the highest over-the-year growth in 22 consecutive months of ...

Pennsylvania Firm Fined $117K for Safety Violations at Houston Plant

The U.S. Department of Labor's Occupational Safety and Health Administration has cited King of Prussia, Pa.-based Arkema Inc. with 12 ...

Ex-School Nurse in Texas Gets 10 Years for Fire

An ex-school nurse in Central Texas upset about a poor evaluation has been sentenced to 10 years in prison for setting a campus building on ...
West

Movie Studio Liability in Colorado Shooting Likely Limited

Families of victims and survivors of the deadly shooting at the Batman movie who seek to sue Warner Bros. and other companies behind "The ...

$31M Jury Award For Unsafe Calif. Highway

Jurors say California's transportation agency is partly responsible for a dangerous stretch of highway dubbed "Blood Alley'' and a severely ...

Feds To Take Over Hawaii Job-Safety Regulation

The federal government will temporarily take control of parts of Hawaii's authority to regulate workplace safety. In response to federal ...

Hawaii Company Ordered To Pay $193K In Ageism Suit

A Hawaii company that provides home health care for seniors has been ordered to pay more than $193,000 to a woman fired for her age. The ...

Washington Jury Awards $500K In Injury Lawsuit

A 63-year-old Longview, Wash., man who acted as his own lawyer has won a $500,000 award in a personal injury lawsuit involving a 2008 ...

Boynton Named SVP Of AH&T Insurance

Brandon Boynton was named senior vice president of AH&T Insurance in the firm's Seattle, Wash. office. Boynton will bolster ...

Bolton Acquires Reaume

Pasadena, Calif.-based Bolton & Company has joined forces with Reaume Financial Group, an independent insurance agency providing ...
International

Flood Risks Rampant across Asia’s Factory Zones; Insurers Concerned

Global insurance companies are struggling to get a grip on their flood exposure in Asia nearly a year after one of the world's costliest ...

China Rains, Floods Cause Many Deaths; Beijing Hit Hard

The heaviest rain to hit Beijing in six decades killed at least 10 people [latest reports put the death toll at 37] and left cars and buses ...

Willis ILS Report: Catastrophe Reinsurance Market Nearing Strategic Shift

A report from Willis Capital Markets & Advisory (WCMA), a unit of Willis Group Holdings, concludes that the "catastrophe reinsurance ...

Willis Creates New Units for Asia, Australasia, Middle East & Africa Operations

Willis International, the broker's' retail division, announced that in "recognition of the size, growth and strategic importance of its ...

Super Rich Hold up to $32 Trillion in Offshore Havens

Rich individuals and their families have as much as $32 trillion of hidden financial assets in offshore tax havens, representing up to $280 ...

UIB Restructures Property Team to Promote Growth

London-based international reinsurance broker UIB has overhauled its property team with a view to doubling the division's revenues. UIB ...
experience mod mini book - new from Insurance Journal's Academy of Insurance

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Insurance Journal TV

Video thumbnail

Agency Capitalizes on Obamacare

Shawn Pynes, principal with Barney & Barney, discusses the benefits business following...
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LexisNexis Insurance Exchange Celebrates One-Year Anniversary

The LexisNexis Insurance Exchange – an online single-entry submission system that...

TV icon Watch more videos at InsuranceJournal.tv

New Discussions in the Forums

Reservation of Rights HELP
Posted: Mon Jul 23 -- One of our Insured's is involved with a law suit that started back in 2009. To the point - the insurance company is saying that hey will not... Eagleeye
Insurance Noodle vs. Superior Access vs. Agent Secure
Posted: Mon Jul 23 -- There is another great alternative out there but you have to qualify. What state are you in? And what is your experience level. JAM
Agent no legal duty to inform on cancellations?
Posted: Sun Jul 22 -- Don't call and make yourself responsible, it's that simple. rodgwag
Personal Lines - Renewal Letters? E&O Prevention
Posted: Sun Jul 22 -- In a recent court case in California a judge decided that agents are not responsible for reminding clients to make monthly payments, renew,... rodgwag
Insurance aggregators/Groups for personal lines
Posted: Fri Jul 20 -- There are many options available and each are uniquely different. Whether there is a monthly fee, a broker fee, reduced commissions,... amckirahan
carriers for multistate trucking/warehousing work comp
Posted: Fri Jul 20 -- There are a couple different PEO options available to cover this type of risk with varying levels of deductibles. Could also help with the... Chad Filley
work comp carriers for nursing home
Posted: Fri Jul 20 -- I deal with several PEO's that will offer comp for this type of risk and can offer various levels of deductibles as well. Give me a call to... Chad Filley
Commercial Auto Coverage for Golf Carts Florida
Posted: Thu Jul 19 -- I know Colony Specialty writes this business through MGAs in Florida. If you find a retailer who works with a MGA that writes with Colony... jimc0419
AMS360 for accounting?
Posted: Thu Jul 19 -- Just to be sure: is this the "AB Income" amount given by the Income and Expense Report? Also, how do we determine which of these... insstudent

Reader Comments

Casino Waitresses in Pennsylvania Sue Over Maternity Policy
Posted: Tue Jul 17 -- Was this policy in force when the waitresses accepted their positions? If so, then too bad for them. The casino still tried to keep them... Reverend Haywood Judumee
GM's OnStar Car Owners Now Able to Rent Out Their Vehicles
Posted: Tue Jul 17 -- Well you just voided the personal auto polciy coverage. Nice job GM. bill ford
Arkansas Rice Farmers Sue Texas Company Over Hybrid Rice
Posted: Wed Jul 18 -- "Many farmers sought hybrid seed after non-hybrid rice was contaminated with a genetically-modified strain starting in 2006. The... ExciteBiker
Florida Citizens' Chief Sets 500K Policy Depopulation Target
Posted: Thu Jul 19 -- I'll help. There would be plenty for the both of us. Mr. Solvent
CEO Group Warns Washington to Avoid Impending 'Fiscal Cliff' Politics
Posted: Fri Jul 20 -- I agree Sargent. A good example of incompetence is one I am familiar with. One of my customers owns a Commercial Office property. An... Agent

Current Issue

July 23, 2012
Current Issue
Excess, Surplus & Specialty Markets Directory Vol. II

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