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Daily Headlines
May 26, 2017
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Today's Headlines


Here's What the House Has in Mind for Revamping Flood Insurance Program

A much-anticipated House subcommittee proposal on flood insurance promises to reauthorize the National Flood Insurance Program (NFIP) for ...

AmWINS and Networked Deal Plays to Strengths of Both Firms, Execs Say

The acquisition by AmWINS Group Inc. at the end of last month of Networked Insurance Agents will achieve a number of objectives for both ...

States Move to Ban Asking Job Applicants About Past Salary

An awkward job interview question -- how much did you make at your last job? -- is getting banned in some parts of the country. ...

A.M. Best Lifts AIG's Ratings 'Under Review' Status Following Duperreault's Arrival

A.M. Best this week released American International Group from "under review" special scrutiny following the insurer's bringing on industry ...

Hanover Insurance Names Zurich's Salvatore as President of Specialty

The Hanover Insurance Group Inc., a Worcester, Mass.-based holding company for several property and casualty insurance companies, has ...

The Hartford Names Firstenberg P/C Insurance Chief Underwriting Officer

The Hartford has named David Firstenberg as chief underwriting officer for the company's property/ casualty insurance businesses, ...

NOAA Updates Forecast for Atlantic Hurricane Season, Pacific's El NIno

The Atlantic hurricane season will likely churn out an above-average 11 to 17 named storms, in part due to fading odds than an El Nino will ...

Zurich North America Combines Commercial, Specialty Products; Horgan to Head New Unit

Zurich North America is bringing its Specialty Products business together with its North America Commercial Insurance as part of a ...

From MyNewMarkets.com Report: Agency Organic Growth Under Pressure

Agencies and brokerage firms reported that their organic growth fell to 3.9 percent in the first quarter of 2017, the weakest growth rate...
Carrier Management

New Business Goes to Auto Insurers With Strong Underwriting Results: J.D. Power Study

Insurers with the strongest new business yield rates also have strong combined ratios in personal auto in the "J.D....
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Rising Seas May Wipe Out Jersey Towns and Millions in AAA Bonds

Few parts of the U.S. are as exposed to the threats from climate change as Ocean County, New Jersey. It was here in Seaside Heights that ...

Vermont Governor Vetoes Marijuana Bill, Wants Changes Made

Vermont Republican Gov. Phil Scott on Wednesday vetoed a bill that would have made Vermont the ninth state to legalize recreational ...

Connecticut's Smith Brothers Hires Peruccio from Cigna Healthcare

Smith Brothers, a Glastonbury, Conn.-based insurance broker, has added Chelsea Peruccio as an employee benefits advisor. Her ...

Executive Changes Announced at Massachusetts' Hospitality Insurance Group

After 32 years as a member of Hospitality Insurance Group's Board of Directors, E. Thomas McCabe Jr. of Westborough, Mass., will be ...

Report: St. Louis Tank in Deadly Explosion Needed Emergency Repairs

A giant steam-filled tank weighing nearly 2,000 pounds (900 kilograms) that exploded at a St. Louis box plant, flew a quarter-mile into the ...

A.M. Best Assigns Ratings to Wisconsin's Integrity Select Insurance

A.M. Best has assigned a financial strength rating of A (Excellent) and a long-term issuer credit rating of "a+" to Integrity Select ...

Storms Bring Tornadoes, Flash Floods, Evacuations in Midwest

Heavy rainfall that sparked flash flooding in Fort Wayne, Ind., forced motorists to flee submerged cars and prompted the evacuation of ...

Zenefits to Pay North Carolina $104K to Settle Licensing Violations

The North Carolina Department of Insurance has reached a settlement agreement with YourPeople, Inc., dba Zenefits FTW Insurance Services ...

West Virginia Gov Orders State to Step-Up Cybersecurity Efforts

Gov. Jim Justice has directed the West Virginia Board of Risk and Insurance Management to take steps to protect personally identifiable ...

Report: Florida Resident Sparked Wildfire With Lawn Mower

A lawn mower is being blamed for sparking a wildfire that destroyed five structures in Florida. The Naples Daily News reports that the ...

1 Dead After Florida Driver Crashes Into Gas Pump, Causing Fire

A fire at a gas station ignited by a car slamming into a pump has killed one person in Florida. Local news organizations report the fire ...
South Central

Tribune: Governor Appears Undecided on Signing Texas Texting-While-Driving Ban

Note: This article originally appeared in the Texas Tribune. Gov. Greg Abbott appears to be undecided on whether he will sign a proposed ...

Texas Bill Affirming Workers' Comp Division Fraud Unit Advances

The Texas Senate has passed legislation that affirms the authority of Texas Division of Workers' Compensation fraud unit to conduct ...

OSHA, Mid Continent Recommit to Oklahoma Oil and Gas Worker Safety Alliance

U.S. Department of Labor's Occupational Safety and Health Administration and Mid Continent Exploration and Production Safety Network have ...

AmWins and Networked Deal Plays to Each Firm's Strengths, Execs Say

The acquisition by AmWINS Group Inc. late last month of Networked Insurance Agents will achieve a number of objectives for both the ...

Pacific Hurricane Season Depends on El NiƱo: NOAA

Forecasters say the central Pacific region around Hawaii can expect a normal or slightly above-average hurricane season, depending largely ...

Southern California Neighborhood Flooded Due to Seawall Damage

A Southern California coastal community was flooded with two feet of ocean water after a seawall was damaged by a construction crew. The ...

Small Undersea Quake Jostles California Coast West of Malibu

A minor undersea earthquake has jiggled a small stretch of the Southern California coast in Los Angeles and Ventura counties, the U.S. ...

Cyber Insurance Market Growing Slower Than Expected: Allianz

The tiny market for cyber insurance has been slower to develop than generally anticipated, a member of Allianz's board said in an ...

UK's Legal & General Chooses Dublin as Post-Brexit Base for Some Operations

British insurer Legal & General said it will move some of its investment management operations to Ireland to ensure it can continue to ...

A.M. Best Affirms Ratings of PartnerRe & Subsidiaries

A.M. Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating of "a+" of Bermuda-based ...

QBE Taps Commonwealth Bank of Australia's Ford as Group CFO

QBE Insurance Group Ltd. has appointed Michael Ford as group chief financial officer. Ford is currently the deputy CFO for the Commonwealth ...

AGCS Promotes Hansen as Head of Aviation, Succeeding Haagen

Allianz Global Corporate & Specialty (AGCS) announced that Mike Hansen has been named global head of Aviation. He takes over this ...

Report: Climate Change to Increase Insured Losses from Windstorms in the U.K.

Climate change will drive up wind losses in the U.K. in coming years, according to a recent report from the Association of British ...
Insurance Journal Blogs and Columns

3 Thoughts About Writing The Academy Journal

I took a short trip down memory lane recently by checking out the Academy's blog on Insurance Journal. (I'd link to it, but if you're ...

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Insurance Association Director Talks About Autonomous Vehicle Regulations

Bob Passmore, senior director of personal lines for the Property Casualty Insurers Association...
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Travelers' Drone Program Changes the Way Its Claims Reps Do Business

Travelers' Claim University, opened in 2007, is teaching claims professionals to use drones to...

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New Discussions in the Forums

New Agent
Posted: Thu May 25 -- It all depends on if you want full control over your customers. What I do for new Agents is you sell me a certain % of your business and... starcitybrokers
Medical Malpractice
Posted: Thu May 25 -- Looking for a good General Agency (not a retailer) that specializes in Med-malpractice in all 50 states and have both Admitted and... CALCO
The "1 year rule"
Posted: Thu May 25 -- I would imagine that if you are searching/applying for a position in the same market area, that other agencies may be aware of your current... gregcw
Professional Liability for Bodyguard in Europe
Posted: Wed May 24 -- Hi guys, So I need to find a home for a professional liability policy for a US company that will be having his bodyguard in Europe with a... tgarrett
Need MGA Workers Comp California
Posted: Tue May 23 -- Hi all. I am new to this, so hope I posted in the right area. We do group med and am adding WC. Can you suggest an MGA in California? Our... xlphillips
WC for 8804-Alcohol Drug Recovery Facility
Posted: Tue May 23 -- Our addiction treatment facility in Huntington Beach has several markets to consider. Please update me if you want additional info. Regards,... jackdemos
Application for Invoices
Posted: Mon May 22 -- Hi I am currently not familiar with any application that provide what your looking for but some Agency Management Systems do offer Invoices... msanab
Posted: Mon May 22 -- Good morning everyone, Hope everyone is having good Monday. I want to implement E-signature in my office. What do you recommend for vendor?... msanab

Reader Comments

Insurance Groups Welcome Delay in Liability Insurance Law Restatement
Posted: Wed May 24 -- The ALI is not a group of legal scholars. It is a group of self serving activists intent on diverting more of our national wealth to the law... vox sanitus
Utility Sued by Relatives of Oakland Warehouse Fire Victims
Posted: Fri May 19 -- I understand the rational behind the suit but saying you are bringing in PG&E is not an attempt for deep pockets is a bold faced lie from... mrbob
Texas Senate Passes Texting While Driving Ban
Posted: Mon May 22 -- Texting while driving is extremely dangerous and a scourge right now we need to stop from getting worse, but here's my problem with your "If... Rosenblatt
New York Eyes 'Textalyzer' to Combat Distracted Driving
Posted: Fri May 19 -- Just checking to see if they swiped or clicked should require a warrant. I realized the parents are upset but this is lawless and should not... ben dover
Cyberattack Cost Michigan Utility $2M, 14 Employees
Posted: Mon May 22 -- If you keep a back up of your system, there is never a reason to pay ransom. This simple step could have saved time, money and reputations... glassflowergirl

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