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Daily Headlines
April 23, 2014
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Affordable Care Act Could Have 'Modest' Effect on Other Insurance Costs

The expansion of health insurance accomplished under the Affordable Care Act may alter costs for several major types of liability ...

Travelers Reports 17% Profit Hike in 1Q

Travelers Companies Inc. reported a 17 percent rise in first-quarter profit, helped by higher underwriting gains and an increase in net ...

Top 25 Crop Insurance Writers: SNL

Wells Fargo & Co.'s Rural Community Insurance Co. is now the largest writer of multiple peril crop insurance after picking up five ...

Federal Insurance Plan Aims to Protect Reluctant Dairy, Livestock Farmers

A plan in the new U.S. farm law to help dairy farmers limit losses from rising feed costs or falling milk prices may become a model in ...

Colosi Joins Great American Insurance, Alternative Markets Division

Great American Insurance Group said its Alternative Markets Division has hired Tom Colosi as divisional vice president, Group Captives. In ...

AIG Expands Cyber Coverage to Include Physical Risks from Cyber Events

AIG has expanded its cyber insurance offering to include property damage and bodily injury exposures. This new cyber offering provides commercial customers a ...

From MyNewMarkets.com Why Agencies Need to Pay More Attention to Insurer Insolvency

A myth is sneaking into the industry that insurer insolvency is not as important today. Belief in this myth is important to many entities....
Carrier Management

Keys to Setting Your Company's Strategy in Motion

There's no shortage of discussion in the business world about the importance and development of strategy, but there's...
New webinar from Academy of Insurance: Commercial Umbrellas - this Thursday!
East

Report: Superstorm Sandy's Fallout Tough on Small Businesses

When suburban New York delicatessen owner P.J. Whelan heard the findings of a Federal Reserve Bank of New York poll released Monday on ...

Vermont Regulators: Updated Law Offers 'Welcome Option' for Inactive Captives

Vermont's updated captive insurance law now offers inactive captives in the state a chance to apply for a "dormant" status. Vermont ...

Mass. Regulator on Boston Bombing Claims, TRIA Reauthorization Effort

Massachusetts Division of Insurance's last data call showed that the vast majority of insurance claims stemming from the Boston marathon ...

Poll: N.J. Residents Back Gov't Storm Mitigation Efforts but Few Willing to Pay

A newly published study from Rutgers University in New Jersey shows that most state residents strongly support government programs aimed at ...

6 N.J. Residents Charged in Staged Auto Accident Scheme

New Jersey authorities say six Passaic County, N.J., residents played roles in a staged-automobile accident scheme that defrauded two ...

Jones Joins New York Office of Corporate Synergies

Kenneth Jones has joined insurance broker Corporate Synergies of Mt. Laurel, New Jersey, as a senior vice president and producer. Jones ...
Midwest

Ohio Employers to Share $1.2B Workers' Comp Premium Credit

Ohio private employers and local governments will soon receive a credit on their workers' compensation bills totaling $1.2 billion, the ...

Ohio Woman Must Repay $32K in Workers' Comp Benefits

An Ohio woman was ordered to repay more than $32,000 in connection with working while collecting workplace injury benefits. Laura Brown ...

550 Cited in Minnesota for Texting While Driving

The Minnesota Department of Public Safety says law enforcement officers across Minnesota cited 550 people for texting while driving during ...
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Southeast

Florida Supreme Court Leaves PIP Reforms Intact

The Florida Supreme Court has declined to review the state's no-fault automobile insurance personal injury protection (PIP) reforms that ...

Agriculture Economists Help Mississippi Farmers Select Crop Insurance

Mississippi growers at some point this fall will have to make a momentous, one-time decision on how best to insure their livelihood over ...
Sponsored by: South and Western. S and W Rate Retriever: Personal, Farm and Ranch, Specialty Commercial. Click here for more information.
South Central

Safety Laws Still Lacking a Year After Texas Plant Blast

It has been a year since a fire caused a huge explosion at a Texas fertilizer plant that killed 15 people, yet companies in the state can ...

Workers' Comp Commissioner Says Claims on Decline in Texas

Declining workplace injuries and fewer claims for workers' compensation benefits are leading to lower costs for employers, Texas ...

Civisca to Focus on Marine and Inland Marine for Louisiana's Fidelis Group

Covington, La.-based Fidelis Group Holdings LLC (FGH), through its subsidiary company Continental Underwriters Ltd., a national marine and ...
West

GM Ignition Defects Lawsuit in California Awaits Bankruptcy Ruling

A lawsuit against General Motors Co. in California over ignition-switch defects linked to 13 deaths was put on hold until a bankruptcy ...

Wyoming Parking Garage Shifted by Creeping Landslide

A small parking structure is the latest victim of a slow-moving landslide in Jackson, Wyo. Town officials say part of the two-story parking ...

Delta Air Lines Settles Claim With Disabled Hawaii Man

A partially paralyzed Maui man who claimed airline workers forced him to crawl on and off flights in 2012 has settled his lawsuit against ...

Roth to Retire, Replaced by Kinsey at Fireman's Fund in California

Lee Roth will be retiring from Novato, Calif.-based Fireman's Fund Insurance Co., and Joe Kinsey, who has reported to Roth for the past two ...

Recent Quakes Push Interest, Sales of Policies in California

Some people don't need Earth Day to be reminded they live on a planet powered by the forces of nature. The recent string earthquakes on the ...
International

Echo Re to Write Treaty Reinsurance in Latin America with MadroƱero's EGRM

Zurich-based Echo Reinsurance Ltd., wholly owned subsidiary of German mutual insurance group DEVK, announced that it will target writing ...

Sanlam Unit Buys Controlling Stake in MCIS Zurich of Malaysia

Sanlam Emerging Markets, a unit of South African insurance company Sanlam Ltd., said it's buying 51 percent of Malaysia's MCIS Zurich ...

Genworth Financial to Raise as Much as $700 Million in Australia Offer

Genworth Financial Inc. plans to raise as much as $700 million by selling a minority stake in its Australian mortgage guarantor, in what ...

Aetna Completes Acquisition of UK-Based InterGlobal

Aetna announced that it has completed its acquisition of United Kingdom-based InterGlobal from a group led by its majority shareholder ...

China Regulators Draft Rules for Insurer Trusts

Collective trusts that insurers are allowed to invest in are confined to those backed by financing assets and non-listed equity assets, ...
New webinar from Academy of Insurance: Commercial Umbrellas - this Thursday!

Insurance Journal Blogs

Burand's Agency E&O Blog: Tip #57

Review Renewals. While my recommendation to review renewals might seem so simple that even mentioning it might seem like I'm scratching the ...

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Insurance Journal TV

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Workers' Compensation Premium and Claimant Fraud: The Producer's Role

There are two types of workers' compensation fraud that insurance agents and producers should...
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DeCarlo to Receive City of Hope's 2014 "Spirit of Life" Award

Steve DeCarlo, CEO of Charlotte, North Carolina-based AmWINS Group, Inc. is the 2014 Spirit of...

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New Discussions in the Forums

New lead model question - could cost per sale work?
Posted: Thu Apr 17 -- I think that the whole insurance internet lead 'game' has evolved (perhaps devolved is a better word) into a place where the disenfranchised... d's insurance store
Knob & Tube wiring
Posted: Wed Apr 16 -- Short answer is that it is at the end of it's economic life. As stated above if it has insulation around it, it is unsafe. Here is where it... OhioInspector
Adding P&C to current practice
Posted: Wed Apr 16 -- I have worked with several agencies that were strictly dealing with financial products and then successfully added P&C products to the... El Phil
Markets for HOA's
Posted: Mon Apr 14 -- If you are looking for a solid HOA market, please consider McGowan. We just released a new HOA package product, which ties in well with our... npmcgowan
Speed boat/Texas
Posted: Mon Apr 14 -- This may help if it's for pleasure use. Performance boats 55 mph up to 100 mph - High Performance Policy Maximum speed: 55 mph up to 100... berbower
Temp Agency in NC
Posted: Thu Apr 10 -- Hey all, anyone know of a market in NC that's not a PEO willing to consider a Temp agency that does 8292 5190 5183 5537 and a little 8810? 1... Thompson

Reader Comments

Updated: Federal Insurance Office Seeks Comments on Auto Insurance Affordability
Posted: Wed Apr 16 -- More income inequality BS from the Feds. By all means, let's do no underwriting to establish premiums for Auto Insurance. They could ask one... Agent
Democrats Seize on Koch Brothers, Republican Opposition to Flood Insurance
Posted: Mon Apr 21 -- What would Democrats do if they had no adversary to demonize? They are all about division. How about they also demonize Soros, Bloomberg and... Paul
Former Ballplayer Brooks Robinson Seeks $9.9M From Tribe Over Fall
Posted: Wed Apr 16 -- "Attorney Jack Hickey is asking the tribe to waive its immunity for Robinson, who otherwise might be limited to only $200,000 in a lawsuit."... mikey
How Millennials View the Job Market
Posted: Tue Apr 22 -- "Lack of respect" ... at my first job, the boss tore his phone out of the wall and threw it at me and threatened to shove it down my throat.... Been There
Dog Attack Prompts Oregon Mail Carrier Suit
Posted: Wed Apr 16 -- The picture included in this article is completely irrelevant. Why would you even include a picture of a random dog, since most of your... S

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