Dec 18, 2013

Daily Headlines: Wednesday, December 18, 2013

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Insurance Journal Daily Headlines
December 18, 2013
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Death Spiral Unlikely for Obamacare: Study

A threat to America's health insurance overhaul has been that young people would not buy coverage in new marketplaces, possibly pushing the ...

Tower Says Its Sale of Stake in Canopius Lessens Liquidity Concerns

Tower Group International Ltd. said that it has paid $70 million that was outstanding to its Bank of America credit facility using proceeds ...

One-Fifth of Drinkers Admit Driving When Near or Over Alcohol Limit

A fifth of U.S. motorists who drink say they've driven at least once in the past year when they thought their alcohol level might've been ...

BP Seeks Halt to Oil Spill Payments to Seafood Firms, Alleges Attorney Fraud

BP Plc asked a U.S. judge to stop payments in the $2.3 billion seafood-industry portion of its settlement over the 2010 Gulf of Mexico oil ...

W.R. Berkley Names Littzi As VP, Senior Counsel

Insurance holding company W. R. Berkley Corp. has named John M. Littzi as vice president and senior counsel, where he will responsible for ...

Verisk Climate, WDT to Develop Weather-Related Analytics Products for Businesses

Verisk Climate, a  provider of enterprise climate risk management products, and Weather Decision Technologies (WDT), a weather industry ...

From MyNewMarkets.com Not Just Hiring's, Headlines & Hoopla: Berkshire Hathaway Specialty Emerges from 2013 a Serious Player

2013 has been quite a year for Berkshire Hathaway Specialty Insurance (BHSI) - or half of a year, anyway. Since opening its doors for...
Carrier Management

CEOs Hurt Firm Performance By Overstaying Their Welcome: Study

The longer CEOs stay in power, the more likely chief executives are to limit outside sources of market and customer...
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East

NICB: Questionable Insurance Claims on the Rise in New York, New Jersey

New York State's questionable claims rose 29 percent from 2010 to 2012, while New Jersey's questionable claims were up 63 percent during ...

FEMA: 17 New Jersey Towns Recognized for Reducing Their Flood Hazard Risk

Federal Emergency Management Agency (FEMA) said 17 New Jersey municipalities are being recognized in two awards ceremonies this week for ...

Penn. House Insurance Committee Chair Applauds Passage of Auto Insurance E-Card Bill

Pennsylvania State Rep. Tina Pickett (R-Bradford/Sullivan/Susquehanna), who serves as chairman of the House Insurance Committee, applauded ...

MAPFRE | Commerce Insurance Launches Telematics Program in Massachusetts

MAPFRE | Commerce Insurance has launched its DriveAdvisorProgram in Massachusetts. The new program will allow eligible Massachusetts ...

State Farm: No Unusual Claims Activity in Northeast From Weekend Snowstorm

State Farm Mutual Automobile Insurance Co. says last weekend's snowstorm that dropped as much as 17 inches of snow in parts of the ...

Dennis Busti, CEO of Saul Steinberg Insurance Unit, Dies at 71

Dennis Busti, who played a leading role in building the insurance business that tracked the rise and fall of corporate raider Saul ...

NICB: Massachusetts Posts 57% Increase in Questionable Insurance Claims

Questionable claims in Massachusetts rose 57 percent from 2010 through 2012, according to the National Insurance Crime Bureau's (NICB) ...

FEMA Grants Helping to Raise Flood-Prone R.I. Homes

The owners of eight flood-prone properties near Misquamicut State Beach in Westerly, R.I., are using federal grant funds to raise their ...

Russell Bond Appoints Operations Manager in Buffalo, N.Y.

Russell Bond & Co. Inc., an insurance wholesaler headquartered in Buffalo, N.Y., announced Paul Saccomando has joined the firm as ...
Midwest

As Bond Insurers Drop Objections, Detroit Bankruptcy Progresses

Detroit's path through bankruptcy began to take shape on Dec. 17, with a second bond insurance firm ready to drop its objections to a ...

Worker's Head Injury Leads to $90K Fine for Ohio Manufacturer

Ohio-based McNeil Group, doing business as Pinnacle Metal Products, has been cited by the U.S. Department of Labor's Occupational Safety ...

Quake Reported in South-Central Kansas

A magnitude 3.8 earthquake hit south-central Kansas on Dec. 16, rattling windows and doors, but causing no reported damage or injuries. The ...
Southeast

Couple Settles for $1M in North Carolina Daycare Tragedy

Court records say a Catawba County couple has received a $1 million settlement from a Mooresville daycare after their infant son stopped ...

Lawsuit Alleges Mississippi Health Center Negligent in Sexual Abuse

A woman has filed a federal lawsuit claiming a central Mississippi mental health facility failed to protect her 11-year-old son from being ...
South Central

Texas No Longer No. 1 in High Home Insurance Rates

An industry group says Texas homeowners no longer are paying the highest insurance rates in the country, a distinction that now goes to ...

LAMMICO Declares 10.5% Dividend for Medical Liability Policyholders

The board of directors of medical professional liability insurer, LAMMICO, has declared another dividend for all policyholders in Louisiana ...

Court Alcohol Breath Test Ruling Could Cost Oklahoma DPS $11M

An Oklahoma Supreme Court ruling could mean the state Department of Public Safety must refund at least $11 million to drivers in ...

Higginbotham Hires Ponder as AVP, Loss Control, for South Texas

Alan W. Ponder has joined the Houston office of insurance brokerage and financial services firm, Higginbotham, as assistant vice president ...

Young Joins Swett & Crawford's Dallas Professional Services Team

Swett & Crawford, part of the independent global wholesale and reinsurance broking group Cooper Gay Swett & Crawford (CGSC), announced the ...
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West

'Crouching Tiger' Actress Settles Website Claim in Southern California Court

"Crouching Tiger, Hidden Dragon" star Zhang Ziyi settled a lawsuit for libel against a U.S.-based Chinese news website, which today ...

Sherwin, NL, ConAgra Lose $1.1 Billion Lead Paint Ruling

Sherwin-Williams Co., NL Industries Inc. and ConAgra Grocery Products LLC were ordered by a judge to pay $1.1 billion to replace or contain ...

Universal, Fireman's Fund Seek 'Fast and Furious' Solution

When "Fast And Furious" star Paul Walker died and left the seventh film in the franchise hanging in the balance, it wasn't the first time a ...

California Tops 'Judicial Hellhole' List

California isn't just a warm place to live, which is often the case even in winter, but it turns out the state is considered a "judicial ...
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International

Swiss Re Reports 2013 Disaster Losses at $130 Billion; $44 Billion Insured

According to preliminary estimates from Swiss Re's latest sigma report, insured losses from natural catastrophes and man-made disasters in ...

Sompo Japan to Buy UK Insurer Canopius in Overseas Expansion Drive

Sompo Japan Insurance Inc., a unit of Japan's third-largest casualty insurer group by market value, confirmed earlier reports that it will ...

Willis International Chairman Sarah Turvill to Retire; Will Join Board

Willis Group Holdings announced that Sarah Turvill will retire as Chairman of Willis International at the end of 2013, and that she has ...

RSA's S&P Rating Remains Seriously at Risk Even after Second Downgrade

An analysis from Stuart Shipperlee, Analytical Partner at Litmus Analysis, notes that following S&P's initial downgrade last month, "RSA ...

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Coastal Agents Alliance Stays Focused on Coastal Homes: Byrne

In 2004, Tim Byrne and his brother were growing their Cape May, N.J. agency just fine. Then...
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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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New Discussions in the Forums

Christmas Bonus?
Posted: Tue Dec 17 -- I completely agree with D on this one. We are "very" generous with our Christmas bonuses, perhaps too much with some.... Smalltownagent
Broker fees
Posted: Tue Dec 17 -- States vary as to whether or not you can collect a fee and commission on the same transaction. You may be able charge a fee for services... ForumReader
Lakefront Motels
Posted: Sun Dec 15 -- If you still need help feel free to get in touch, I have a few markets that love this type of risk. ABMCalifornia
SEO and buying back links
Posted: Sun Dec 15 -- I would never recommend buying links. If there's one thing I learned over the past five years it's don't ever try to trick Google into... ABMCalifornia
errors and omision
Posted: Sun Dec 15 -- Justin, I'm not sure what state you plan on doing business in but if you have not already been helped feel free to get in touch. I've taken... ABMCalifornia
New Insurance Agency
Posted: Fri Dec 13 -- A couple of more resources, one rarely mentioned but I know they help a lot of independent agencies: agentequity.com. specifically their... gregg@prospect
Floating Home GL in Oergon
Posted: Thu Dec 12 -- Hi... I have a licensed contractor in Oregon building a new home on a floating platform which is permanently docked in a marina. This will... Paul_Graham
Illinois Midwest Work Comp- tool mfg 3099
Posted: Wed Dec 11 -- My understanding is that Illinois Midwest will only work with contracted retail agencies. I used to have a few policies with them through a... ocbroker

Reader Comments

Family of North Carolina Teen Killed by Stray Bullet Sues Gunmaker
Posted: Wed Dec 11 -- I totally agree, SWFL; it is the gun owner's fault and his fault only. Apparently the gun owner's homeowners policy doesn't have big enough... Scott
Probation Sentence in Texas Teen's Fatal DWI Wreck Stirs Ire
Posted: Fri Dec 13 -- It starts out very innocently. Conservatives make the case that the top 1% of Americans are job creators and that reducing their taxes will... naksuthin
South Carolina Jury Awards $890K to Man Wrongly Accused by Condo Board
Posted: Mon Dec 16 -- Good for Mr. King. These condo association board members think they are the big guy in the sky, judge and jury. Not all, but most are... Serves them well
Obamacare November Enrollment Tops 250,000; Sebelius Seeks Probe of Botched Launch
Posted: Sat Dec 14 -- Well Insurance 102 I don't care what to like kind gender do to eat other as long as they don't flaunt their orientation in my face or try to... Sargeant Major
Obama's Health Care Promise Is 2013 Top Quote, Yale Univ. Librarian Says
Posted: Tue Dec 17 -- Amen, Whodathunkit! He knew he was lying and he didn't care because his followers allow him to say anything and they give him a pass EVERY... Perplexed

Current Issue

December 16, 2013
Current Issue
The Charity Issue - 10% of Net Sales Go to IICF & City of Hope; Photos of Your Organization Involved in Charity Work; Insurance Heroes

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Insurance Journal
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San Diego, CA 92108
(800) 897-9965
Copyright © 2013 by Wells Media Group, Inc.

Dec 17, 2013

Daily Headlines: Tuesday, December 17, 2013

Looking for Workers' Comp Markets? Click here for more information.
Insurance Journal Daily Headlines
December 17, 2013
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

AmTrust Financial Refutes Negative Report, Says Future Has 'Never Been Brighter'

AmTrust Financial Services Inc. (AFSI), a New York-headquartered insurer whose stock price fell last week in wake of a negative report from ...

Hartford May Sell Rest of Corporate-Owned Life Business: Report

Hartford Financial Services Group Inc., the insurer which rebuffed an activist's calls to split into two companies last year, is ...

Ex-BP Engineer Destroyed Gulf Spill Evidence, Jury Told

A former BP Plc engineer deliberately destroyed evidence sought by the U.S. for a probe of the 2010 Gulf of Mexico well explosion and oil ...

Democrats Question Government Contracts to Firms with Safety, Labor Violations

The federal government awards billions of dollars in contracts each year to companies that routinely violate safety, health and wage ...

Nasdaq Denied Immunity for Some Investors' Claims Over Facebook IPO

Nasdaq OMX Group Inc. must face some of the negligence and securities law claims by investors who alleged they suffered $500 million in ...

Arch Enhances Healthcare Facility Professional Liability Form

Arch Insurance Group, a member of Arch Capital Group Ltd., has launched a specialized healthcare professional liability product in the U.S ...

From MyNewMarkets.com Plymouth Rock, Bunker Hill Offer Combined Home, Auto Coverage to Massachusetts AARP Members

The senior citizen organization American Association of Retired Persons (AARP) has chosen Boston-based Plymouth Rock Assurance and its...
Carrier Management

Reinsurers Target Regional Carriers as Alternative Capital Lures National Accounts

Regional and super-regional carriers may start getting more attention from reinsurers in advance of...
December 18: The 5 Senses in the Claims Process - New webinar from Academy of Insurance
East

Obama's Health Care Promise Is 2013 Top Quote, Yale Univ. Librarian Says

President Barack Obama's acknowledgement that his promise that Americans could keep their health insurance plan turned out to be inaccurate ...

New York Catholic Groups Win Challenge to Obamacare Birth Control Mandate

A group of Catholic health and educational organizations doesn't have to comply with federal Affordable Care Act requirements to ensure ...

Feds to Examine New York's Metro-North Railroad for 2 Months

Federal experts will spend the next two months examining safety compliance and safety culture at a commuter railroad that operated a train ...

FEMA Grants Helping to Raise Flood-Prone R.I. Homes

The owners of eight flood-prone properties near Misquamicut State Beach in Westerly, R.I., are using federal grant funds to raise their homes and ...
Midwest

Court: Insurance Company Exempt in Wisconsin Shooting Death

A Sheboygan insurance company is exempt from having to pay after a man accidentally killed his friend in Oconto County three years ago, a ...

Fire Damage to Michigan School Buses Estimated at $300K

Authorities in Saginaw County, Michigan say electrical problems caused a blaze that destroyed two school buses and damaged two more. ...

Missouri Lawmakers to Try Again for Award Limits in Medical Liability Suits

Missouri lawmakers plan to try again to limit how much money people can receive in medical malpractice lawsuits. Missouri House Speaker Tim ...

Indiana Asks for More Damage Reports from November Storm

The Indiana Department of Homeland Security and local county emergency management agencies are renewing a call for people who sustained ...
Southeast

Florida Tornado Damage Estimated at $5 Million

Seven homes were destroyed and more than 150 damaged by the tornado that struck a central Florida neighborhood Saturday, city officials ...

North Carolina Man Sues Hookup Website for Marriage Breakup

A Charlotte man is suing his ex-wife's lover as well as a website which he says led to the breakup of his marriage. The Charlotte Observer ...
South Central

Constitutionality of Oklahoma Workers' Compensation Law Upheld

A constitutional challenge to Oklahoma's workers' compensation law has been rejected by the state's highest court. In a ruling on Dec. 16, ...

Texas Windstorm Insurance Association Disavows Racism Allegations

Texas' insurer of last resort in coastal areas has denied allegations that a culture of racism has existed within the organization. ...

Delta General Adds Moss as Transportation Underwriter

Houston-based Delta General Agency Corp. announced that Craig Moss has joined the property/casualty insurance wholesale broker as senior ...
West

Chevron Refinery Fire Blamed by Agency on Ignored Warnings

The fire at Chevron Corp.'s refinery in Richmond, Calif., last year that sickened thousands was caused by the company ignoring a decade's ...

PG&E Worker In California Wins $1 Million In Lawsuit

A former power line worker for Pacific Gas & Electric has been awarded more than $1 million in a wrongful termination suit that claimed he ...

California School District Faces $17 Million In Claims

The San Juan Unified School District in California faces $17 million in claims over harassment allegations, with ten lawsuits alleging that ...

Washington Lawyer Faces Four Felonies in Alleged Insurance Scam

Washington Insurance Commissioner Mike Kreidler is looking for residents who might be victims of a Seattle attorney who has been charged ...
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International

Torus Receives Lloyd's Approval to Expand Syndicate 1301

Global specialty insurer Torus announced from its office in London that its Syndicate 1301 business plan for 2014 has been approved by ...

Quinn to Step Down as Swiss Re Group CFO to Become CFO at Zurich

Swiss Re's Board of Directors announced that Group Chief Financial Officer George Quinn will step down from his role, effective April 30, ...

China Eases Rules to Boost Yuan-Denominated Foreign Investment

China's commerce ministry has simplified rules to make it easier for foreign firms to use Chinese renminbi they raise offshore to invest in ...

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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

Broker fees
Posted: Mon Dec 16 -- As long as the fee is measurable with the work being done it should be good. If you are say charging a $10,000 fee in this case you should... NYagent301
Christmas Bonus?
Posted: Mon Dec 16 -- I'm of the opinion that a X-mas bonus should be a sincere effort on the part of the business owner to express gratitude for a job well done... d's insurance store
Lakefront Motels
Posted: Sun Dec 15 -- If you still need help feel free to get in touch, I have a few markets that love this type of risk. ABMCalifornia
SEO and buying back links
Posted: Sun Dec 15 -- I would never recommend buying links. If there's one thing I learned over the past five years it's don't ever try to trick Google into... ABMCalifornia
errors and omision
Posted: Sun Dec 15 -- Justin, I'm not sure what state you plan on doing business in but if you have not already been helped feel free to get in touch. I've taken... ABMCalifornia
New Insurance Agency
Posted: Fri Dec 13 -- A couple of more resources, one rarely mentioned but I know they help a lot of independent agencies: agentequity.com. specifically their... gregg@prospect
Floating Home GL in Oergon
Posted: Thu Dec 12 -- Hi... I have a licensed contractor in Oregon building a new home on a floating platform which is permanently docked in a marina. This will... Paul_Graham
Illinois Midwest Work Comp- tool mfg 3099
Posted: Wed Dec 11 -- My understanding is that Illinois Midwest will only work with contracted retail agencies. I used to have a few policies with them through a... ocbroker

Reader Comments

Family of North Carolina Teen Killed by Stray Bullet Sues Gunmaker
Posted: Wed Dec 11 -- I don't own a gun (not against them) but isn't checking for bullets before cleaning a gun the first item on the "gun cleaning" checklist? SWFL Agent
Probation Sentence in Texas Teen's Fatal DWI Wreck Stirs Ire
Posted: Fri Dec 13 -- It starts out very innocently. Conservatives make the case that the top 1% of Americans are job creators and that reducing their taxes will... naksuthin
South Carolina Jury Awards $890K to Man Wrongly Accused by Condo Board
Posted: Mon Dec 16 -- Good for Mr. King. These condo association board members think they are the big guy in the sky, judge and jury. Not all, but most are... Serves them well
Obamacare November Enrollment Tops 250,000; Sebelius Seeks Probe of Botched Launch
Posted: Sat Dec 14 -- Well Insurance 102 I don't care what to like kind gender do to eat other as long as they don't flaunt their orientation in my face or try to... Sargeant Major
Drilling Boom Leaves Some Neighbors with Damages, Depressed House Values
Posted: Thu Dec 12 -- Doesn't Los Angeles have zoning ordinances? If so, does the zoning allow industrial operations in residential neighborhoods? Do the drillers... Boonedoggle

Current Issue

December 16, 2013
Current Issue
The Charity Issue - 10% of Net Sales Go to IICF & City of Hope; Photos of Your Organization Involved in Charity Work; Insurance Heroes

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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 © 2013 by Wells Media Group, Inc.

Insurance Journal TV: Coastal Agents Alliance Stays Focused on Coastal Homes: Byrne

Insurance Journal TV
December 17, 2013
Feature Video

Coastal Agents Alliance Stays Focused on Coastal Homes: Byrne

In 2004, Tim Byrne and his brother were growing their Cape May, N.J. agency just fine. Then Hurricane Andrew hit. After Andrew, traditional admitted companies started closing down...

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Insurance Journal
3570 Camino del Rio North, Suite 200
San Diego, CA 92108
(800) 897-9965
Copyright © 2013 by Wells Media Group, Inc.

Dec 16, 2013

Daily Headlines: Monday, December 16, 2013

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Insurance Journal Daily Headlines
December 16, 2013
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

GEICO Passes Allstate to Become 2d Largest U.S. Auto Insurer: SNL

Based on third quarter reports, GEICO Corp. has surpassed Allstate Corp. to become the nation's second-largest private auto insurer. ...

AIG to Sell Aircraft Leasing Unit ILFC for $5 Billion

American International Group Inc. agreed to sell the world's second-largest aircraft lessor to AerCap Holdings NV for $5 billion after a ...

Toyota to Begin Talks to Settle Acceleration Claims

Toyota Motor Corp. will begin talks to potentially settle hundreds of lawsuits alleging that defects caused some of its vehicles to ...

Health Care D&O Rates Rise Over Obamacare Antitrust Concerns: Marsh

Health care organizations paid significantly more for their directors and officers liability insurance in the third quarter of 2013 amid ...

Best Affirms W. R. Berkley Corp. and Subs 'A+' Ratings; Outlook Stable

A.M. Best Co. has affirmed the financial strength rating (FSR) of 'A+' (Superior) and issuer credit ratings (ICR) of "aa-" of the ...

Ironshore's U.S. Energy Unit Launches Endorsements for Upstream Risks

The Energy Unit of Ironshore's U.S. Specialty Casualty unit is now offering enhanced insurance coverage endorsements for upstream energy ...

From MyNewMarkets.com Plymouth Rock, Bunker Hill Offer Combined Home, Auto Coverage to Massachusetts AARP Members

The senior citizen organization American Association of Retired Persons (AARP) has chosen Boston-based Plymouth Rock Assurance and its...
Carrier Management

Five Key Traits CEOs Look For When Hiring Talent

(This article is based on a presentation made by Libby at the IICF Women in Insurance Global Conference in New York on...
December 18: The 5 Senses in the Claims Process - New webinar from Academy of Insurance
East

Cantor Fitzgerald, American Airlines Settle 9/11 Lawsuit

Cantor Fitzgerald has agreed to settle a lawsuit against American Airlines Group Inc and its insurers over business and property losses ...

Hoboken, N.J., Aims to Become National Model for Flood Mitigation

The city of Hoboken, New Jersey, was nearly swallowed by the Hudson River during Superstorm Sandy last year. Three of its electrical ...

Former N.J. Broker Sentenced for Misappropriating $660K in Premiums

A former New Jersey insurance broker who misappropriated more than $660,000 in premiums owed to insurers has been sentenced to five years ...

Philadelphia Claims Adjuster Charged With Stealing $700K

A Philadelphia insurance adjuster has been jailed on charges he stole more than $700,000 from 29 successful claims made by people in the ...

Jimcor Agencies in New Jersey Appoints Brokerage Specialist

Jimcor Agencies announced the appointment of Christopher Hudson to the position of brokerage specialist. Hudson brings more than 13 years ...
Midwest

Insurance Crime Bureau: 38% Drop in Questionable Claims in Michigan

Questionable insurance claims in Michigan dropped by 38 percent from 2010 through 2012, according to the National Insurance Crime Bureau ...

Illinois Company Faces Proposed $117K Fine for Unsafe Working Conditions

Arlington Metals Corp. in Franklin Park, Ill., has been cited by the U.S. Department of Labor's Occupational Safety and Health ...

Indiana Judge Dismisses Unions from Burned Man's Compensation Suit

An eastern Indiana judge has dismissed two unions from a lawsuit against a transportation company, an insurance agency and several insurers ...

HM Risk Appoints Young to Lead Construction Services Team

HM Risk, a St. Louis, Mo.-based property/casualty insurance and employee benefits agency, has appointed Melinda Young as senior account ...

Illinois Gets $1M in Federal Grants After Tornadoes

Gov. Pat Quinn's office says federal aid for Illinois tornado victims has topped $1 million. The governor's office says that federal grants ...
Southeast

Florida Supreme Court Rejects Rule on Medical Malpractice Expert Testimony

The Florida Supreme Court refused last Thursday to adopt a state rule reflected in a law that creates restrictions on doctors who can ...

South Carolina Jury Awards $890K to Man Wrongly Accused by Condo Board

A Clarendon County jury has awarded $890,000 in damages to a man after members of the governing board at his condominium wrongly identified ...

Mississippi AG Charges 3 with Insurance Fraud

Three Biloxi residents have been arrested and charged with insurance fraud, Mississippi Attorney General Jim Hood said. Hood's news release ...

Ex-Insurance Agent Participated in West Virginia Arson Scheme

A former West Virginia  insurance agent has admitted to his role in an arson scheme in Logan, according to a federal prosecutor. U.S. ...
South Central

Houston-Based Manufacturer Fined Nearly $200K for Safety Violations

The U.S. Department of Labor's Occupational Safety and Health Administration has cited Piping Technology and Products Inc. in Houston for ...

Guidance System Shows Promise of Safer Landings for Gulf Rig Pilots

Imagine zooming from 200 feet in the sky onto a small green circle in the middle of a vast, dark ocean. Louisiana helicopter pilots do it ...

Cost of North Texas Ice Storm Insured Damage Estimated at $30M

Damage from this month's North Texas ice storm has reached at least $30 million in residential insured losses, according to an industry ...

Former Insurance Company CEO Wants to Withdraw Guilty Plea

A former insurance company chief executive wants to withdraw his guilty plea to bribing El Paso, Texas-area public officials, a plea that ...
Sponsored by: TSLA. Watch TSLA members discuss superpowers! Click here for more information.
West

Hoag-Winkler Joins USI Colorado as Senior Vice President

Laurie Hoag-Winkler has been named senior vice president, employee benefits practice leader, for USI Colorado. USI Colorado is the firm ...

Alaska Snowmobile Driver Charged With Felony DUI

A 29-year-old Wasilla, Alaska man suspected of driving a snowmobile down the Parks Highway has been charged with felony driving under the ...

Autopsy: BART Workers in California Didn't Follow Safety Rules

Autopsies conducted on two workers who were struck and killed by a Bay Area Rapid Transit train during a labor strike have revealed that ...
Sponsored by: State Compensation Fund. Come again? We would like you to. And we've dropped our rates by 7%. Together, we'll help keep California working. Click here for more information.
International

Lloyd's Names Inga Beale as CEO; First Woman to Hold Post

Lloyd's has announced the appointment of Inga Beale as its new CEO. She will take over on the first of January, when current CEO Richard ...

IAG to Buy Wesfarmers Insurance Business for A$1.85 Billion

Insurance Australia Group Ltd. agreed to buy Wesfarmers Ltd.'s insurance underwriting businesses in Australia and New Zealand for A$1.85 ...

PCI Expresses Concern with 'Unnecessary' Regulation in ComFrame Draft

The Property Casualty Insurers Association of America (PCI) has submitted formal comments to the International Association of Insurance ...

Sompo Japan Considers Acquisition of U.K.'s Canopius Group

Sompo Japan Insurance Inc., a unit of Japan's third-largest casualty insurer group by market value, is considering buying the U.K.'s ...

Canada Considers Requiring Emergency Response Plans for Rail Oil Shipments

Canada is considering classifying crude oil as a higher-risk, dangerous product, requiring emergency response plans for shipment by rail ...

ABIR Comments on ComFrame Supervision, Int'l. Insurance Capital Standards

In comments filed with the International Association of Insurance Supervisors (IAIS), the Association of Bermuda Insurers and Reinsurers ...
Insurance Journal Blogs

Wisconsin Workers' Comp Insurers Propose to Rein in Costs

States once again show the way to management and reform of public systems by having affected interests sit down together to work out a ...

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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...
Video thumbnail

A World With or Without TRIA

Since the creation of the federal terrorism reinsurance program in 2002 until now the market...

TV icon Watch more videos at InsuranceJournal.tv

New Discussions in the Forums

Christmas Bonus?
Posted: Mon Dec 16 -- Just curious what Christmas bonus other firms typically give out. We are a small Personal Lines firm and I am starting to think we are being... Rochambeau
Broker fees
Posted: Mon Dec 16 -- Are you receiving commission on that W/C policy? If so, you'll need to disclose that in your fee agreement. Big Dog
Lakefront Motels
Posted: Sun Dec 15 -- If you still need help feel free to get in touch, I have a few markets that love this type of risk. ABMCalifornia
SEO and buying back links
Posted: Sun Dec 15 -- I would never recommend buying links. If there's one thing I learned over the past five years it's don't ever try to trick Google into... ABMCalifornia
errors and omision
Posted: Sun Dec 15 -- Justin, I'm not sure what state you plan on doing business in but if you have not already been helped feel free to get in touch. I've taken... ABMCalifornia
Floating Home GL in Oergon
Posted: Thu Dec 12 -- Hi... I have a licensed contractor in Oregon building a new home on a floating platform which is permanently docked in a marina. This will... Paul_Graham
Illinois Midwest Work Comp- tool mfg 3099
Posted: Wed Dec 11 -- My understanding is that Illinois Midwest will only work with contracted retail agencies. I used to have a few policies with them through a... ocbroker

Reader Comments

Family of North Carolina Teen Killed by Stray Bullet Sues Gunmaker
Posted: Wed Dec 11 -- I don't own a gun (not against them) but isn't checking for bullets before cleaning a gun the first item on the "gun cleaning" checklist? SWFL Agent
Wal-Mart Heiress Gets Texas DWI Arrest Expunged
Posted: Mon Dec 9 -- This lady needs to face Justice which Texas and Arkansas have failed miserably. Texas is backwash of America & their State is deep in debt... Joe
Iowa Insurer Pokes Fun at Federal Website in Ads
Posted: Mon Dec 9 -- "They've said more about the Affordable Care Act in one advertisement than in seven years of health care reform," Hatch said.... FFA
Probation Sentence in Texas Teen's Fatal DWI Wreck Stirs Ire
Posted: Fri Dec 13 -- It starts out very innocently. Conservatives make the case that the top 1% of Americans are job creators and that reducing their taxes will... naksuthin
Group Health Plans Pay for 'Zero-Cost' Workers' Compensation Claims: Study
Posted: Mon Dec 9 -- This is the same study that was tried two years ago and I debunked that one. The claims could have been rightfully denied or the employee... Doubting Thomas

Current Issue

December 16, 2013
Current Issue
The Charity Issue - 10% of Net Sales Go to IICF & City of Hope; Photos of Your Organization Involved in Charity Work; Insurance Heroes

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