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Daily Headlines
October 30, 2014
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Today's Headlines


Supreme Court Considers Taking Obamacare Tax Credit Case

The fate of President Barack Obama's healthcare law is again in the hands of the U.S. Supreme Court. Two years after upholding the law by a ...

EEOC Challenges Employee Wellness Penalties in Suit Against Honeywell

The U.S. Equal Employment Opportunity Commission has sued Honeywell International Inc. to stop the company from imposing penalties on ...

Chubb: No Operations or Employees in U.S. Blacklisted Countries

Chubb Corp. has distanced itself from insurance adjusters in Sudan and Syria after a U.S. Securities and Exchange Commission inquiry into ...

MetLife to Continue Fight Against Systemic Risk Designation Next Week

MetLife will plead against being branded a super-risky financial firm at a meeting next week with regulators, a company spokesman said, as ...

Commercial Rocket Explosion Draws Attention to Space Industry Risk, Oversight

A NASA advisory panel said earlier this year that inadequate funding jeopardized the safety of commercial space cargo shipments, such as ...

AIG Offers Loss Control for Corporate Aerospace Customers

American International Group Inc. (AIG) has partnered with Wyvern Consulting, an aviation risk management and safety auditing firm, to ...

Space Station Supply Rocket That Exploded Insured for $50 Million

Authorities on Wednesday started investigating what made an unmanned U.S. supply rocket explode in a fireball moments after lifting off ...

PCI Elects Erie's Cavanaugh As Chair

The Property Casualty Insurers Association of America (PCI) elected new officers to its board of governors during its annual meeting this ...

From MyNewMarkets.com How States Rank in Workers’ Compensation Premiums

A list of state rankings for workers' compensation premiums shows a slight drop in premiums in the last two years, and that a number of...
Carrier Management

Cyber Security Considerations for P/C Carrier Board Members

As banks improve their ability to defend against cyber attacks, criminals are increasingly turning their attention to...
ISO's New CGL and AI's: Trap or Treat? - Join Academy of Insurance for this 1-hour webinar - click here to register

Politics of Ebola Response Tricky for Christie, Cuomo

Two ambitious governors -- one Republican, one Democrat -- known for their no-nonsense, take-charge style in a calamity have set off a ...

NTSB: Southwest Pilot Took Controls From Co-Pilot Before NYC Crash

The co-pilot of a Southwest Airlines Co. plane that crash landed at New York's LaGuardia Airport in July 2013 said the captain put her hand ...

Hanover Insurance's Q3 Net Income Falls 10% to $55M

The Hanover Insurance Group Inc. reported $54.9 million net income for its 2014 third quarter, a 10.4 percent decline compared with $61.3 ...

2 Years After Sandy: Sea Bright, N.J., Prepares for Next Big Storm

Sea Bright, New Jersey, is a great example of how difficult it is to truly prepare a Jersey shore community for the next big storm. The ...

Feds: Engineer's Sleepiness Caused Bronx Commuter Train Derailment

A sleep-deprived engineer nodded off at the controls of a commuter train just before taking a 30 mph curve at 82 mph, causing a derailment ...

Healthcare Overhaul Boosts Earnings at Insurer WellPoint

Indianapolis, Ind.-based WellPoint raised its 2014 earnings forecast again and trumped third-quarter expectations as the overhaul of the ...

19 Lawsuits Filed Against NW Indiana Cardiologists

Nineteen new lawsuits and a complaint with the Indiana Attorney General's Office have been filed against three northwestern Indiana ...

Feds Charge Iowa Man in $2.7M Illinois Insurance Fraud Case

Federal authorities say an Iowa man has been charged with defrauding his former employer in Illinois of at least $2.7 million. U.S. ...

A.M. Best Assigns 'A' Rating to Missouri's American Shield Insurance

A.M. Best announced it assigned a financial strength rating of A (Excellent) and an issuer credit rating of "a+" to American Shield ...

Mississippi to Test Guardrails After Texas Jury Finding

State transportation officials are investigating where faulty guardrails have been installed along Mississippi roadways. Trinity Industries ...

Mississippi City Opposes Ridesharing Firm Uber

Officials in Oxford, Mississippi are trying to stop the ridesharing company Uber from operating in the city. Uber Technologies Inc. ...

Florida Approves Up to 183K Takeouts from Citizens for 2015

The Florida Office of Insurance Regulation (OIR) has approved the removal of up to 180,040 personal residential policies and 2,527 ...

Anchor P&C Is Newest Florida Homeowners Insurance Carrier

Anchor Property and Casualty Insurance Co. became licensed by the Florida Office of Insurance Regulation (OIR) on Oct. 28 to write ...
South Central

Houston Bus Company Owner Gets Probation for Fatal Crash in 2008

The owner of a Houston bus company who was charged after a 2008 crash that killed 17 passengers on their way to a religious retreat has ...

Mediation Ordered in Suit Against Texas Guardrail Maker

A federal judge has ordered mediation between a Texas company and a whistleblower who won a $175 million verdict over a design change in ...

Corps Sued over Cost of Louisiana Wetland Restoration

The U.S. Army Corps of Engineers should bear the full $2.9 billion cost of restoring wetland damage blamed on poor maintenance of the ...

Jordan Wins FIWT Leadership Award from Litchfield Special Risks

Cindy Jordan, of Barnard Insurance Group in Wichita Falls, Texas, won the FIWT Leadership Award sponsored by Litchfield Special Risks Inc., ...
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California Drought Bad Tidings for Rice Harvest

California's deepening drought is shrinking its rice harvest, and that's bad news for farmers, migratory birds and sushi lovers. The $5 ...

Judge: Sailors Can Sue California Company Over Fukushima Exposure

U.S. Navy personnel who were exposed to radiation from Japan's wrecked Fukushima plant during earthquake and tsunami relief efforts in 2011 ...

California Malpractice Proposition Hit by Polls, Studies, Spending

Two recent studies say a proposition on California's November ballot to raise the pain and suffering cap for medical malpractice lawsuits ...

Aviva New Business Growth Driven by Europe and Asia Operations

Aviva plc, the U.K.'s second-biggest insurer by market value, reported a 15 percent rise in new business in the first nine months of the ...

Korean Regulators: Insurers Must Boost Capital to Prepare for Aging Population

South Korea's insurers have been told by regulators to boost capital to prepare for an aging population, with the United Nations predicting ...

Meinschenk Named VP, Sales & Producer Management at CNA Canada

CNA Canada has appointed Paul Meinschenk as vice president of sales & producer management. In this role, Meinschenk is responsible for the ...

German Insurer Uses Phone App to Help Improve Young Driver Safety

Signal Iduna, a German insurance provider, has launched a new car insurance policy through 'sijox', its young customer brand. "AppDrive ...

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Agency Aggregators, Clusters or Alliances

There are a number of factors to examine when an agency considers joining aggregators,...
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Swett & Crawford's New CEO: Thomas Ruggieri

Thomas P. Ruggieri will take over as the new CEO and president of the global wholesale and...

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New Discussions in the Forums

Combinability of Interest
Posted: Thu Oct 30 -- I know this is an old thread, but have a similar situation to what Santa Rosa says above. If an individual invests and owns two totally... NYagent301
Best Ways to Market a Niche Program to Brokers
Posted: Thu Oct 30 -- "I have looked at various options to market our national e-cigarette/e-juice product liability program to... JoseffUSR
Inherited an insurance agency
Posted: Thu Oct 30 -- My father passed away unexpectedly in July, leaving behind about a 1.3 million dollar book of business. I was in law school prior to this;... JBateman
The next five years
Posted: Wed Oct 29 -- Whatever the CA Ins regs state, they are not being enforced. Conveying a policy to an insured in pdf format is kosher because the insured... mightyquinn
HELP - Looking for MGA software
Posted: Wed Oct 29 -- In response to "Looking for MGA software". I-Engineering has been one of the premier providers of Insurance Automation to the MGA market for... CPhiles
Will old CPCU books work for the new CPCU exams?
Posted: Sat Oct 25 -- Hi everyone. I'm planning on taking the Associate in Underwriting certification and I'm looking for AU60, AU61, AU62 and AINS 23 books.... mmondesir
What's hot' right now.
Posted: Sat Oct 25 -- Are you serious? Insurers still have marketing reps? I thought that those positions went out about 25 years ago and that their "duties"... CoJones
Big Independent Group
Posted: Thu Oct 23 -- Not sure how new or authentic "insurancechange" really is or what their true motives are but BIG offers a great opportunity for... Fabian Serrano
Travelers reducing commissions
Posted: Thu Oct 16 -- One of the questions on the survey was: "What can we do to become a top three carrier in your office?" The obvious answer: "Compensate us... ins-atty

Reader Comments

Climate Change Report Slams Insurers for 'Profound Lack of Preparedness'
Posted: Fri Oct 24 -- "I have seen data that the Arctic Cap has increased in size by 1.7 million square miles. Where exactly is this ice melting?" A) Please... Rosenblat
Human Factor, Culture Often Overlooked in Climate Debate, Expert Says
Posted: Wed Oct 29 -- "You can get the best scientists, designers, engineers, sociologists and most well-intentioned policy makers in one room and before you... Jack
Climate Scientists Forecast Severe Winters for Europe
Posted: Mon Oct 27 -- Haven't these clowns been completely discredited already. Everyone knows their just pushing an agenda with no real science behind it. They... Ben Dover
Some Insurers Exclude Ebola; Others Offer New Products
Posted: Fri Oct 24 -- Does it make you feel popular when you give yourself 4 thumbs up and give me 2 down? LOL! What grade are you in? Libby
N.Y., N.J. Governors Stress Home Quarantine for Ebola Workers
Posted: Tue Oct 28 -- Cuomo and Christie have a better approach than the Federal Government. They should also not accept any flights from West Africa until this... Agent

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