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Daily Headlines
November 24, 2014
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

House Republicans Sue Obama Over Delay in Health Insurance Mandate

U.S. House Republicans sued President Barack Obama's administration over implementation of the 2010 healthcare law, saying the president ...

Quiet Atlantic Hurricane Season Coming to End

The Atlantic hurricane season will officially end November 30, and will be remembered as a relatively quiet season as was predicted, ...

Whistleblower Tips, Award Amount Increased in 2014, Reports SEC

The U.S. Securities and Exchange Commission received more than 3,500 tips from whistleblowers in fiscal year 2014, the largest number ...

FHA Chief Watt Says Force-Placed Home Insurance Changes 'Tough'

The Federal Housing Finance Agency has yet to deliver on changes to a controversial type of homeowners' insurance even as its director told ...

Employee Loyalty Highest at Small, Local Businesses

Employees of small, locally owned businesses have the highest level of loyalty to their employers -- and for rural workers, size and ...

Nationwide, Hartford Steam Boiler Offer Cyber Cover for Small Business Owners

As more than half of all U.S. small businesses have experienced a data breach, Nationwide has joined forces with Hartford Steam Boiler ...

Target: Retailer Owes No Duty to Banks in Data Breach

A Target Corp. lawyer told a judge that the company had no legal obligation to banks that claim to have lost tens of millions of dollars ...

Home-Sharing Service Airbnb Offers $1M Host Liability Policy

The fast-growing online residential space sharing service Airbnb has added a $1 million liability insurance policy that protects those, ...

From MyNewMarkets.com Commercial Rates Continue Slide; Personal Lines Moderate

The composite rate for U.S. commercial insurance was plus 1 percent in October 2014 while the composite rate for U.S. personal lines was...
Carrier Management

P/C Lobbyists Come Out Swinging Against International Capital Standards

Trade groups representing the property/casualty industry are fighting back against a push to apply global capital...
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East

Buffalo, N.Y.-Area Residents Urged to Prepare for Flooding

Buffalo, New York, is making significant progress clearing streets still clogged from an epic storm left more than 7 feet of snow even as a ...

2 AIG Subsidiaries File to Redomesticate From Pennsylvania to Illinois

Two subsidiaries of the American International Group -- Granite State Insurance Company and New Hampshire Insurance Company -- recently ...

N.Y. Sen. Schumer: Near Misses Show Need for Drone Regulations

U.S. Sen. Charles Schumer, D-N.Y., says recent near misses between aerial drones and aircraft at New York City's Kennedy Airport show the ...

Massachusetts Commissioner Murphy to Step Down, Join Coverys as COO

Massachusetts Insurance Commissioner Joseph Murphy will step down from his post and join Boston-based medical professional liability ...
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Midwest

Pothole Claims Up in Ohio This Year

More Ohio motorists are looking for repayment from the state for pothole damage to their cars, nearly tripling the number of claims filed ...

Michigan Town OKs Liability Insurance, Reinstates Police Department

Newly sworn-in trustees in Oakley, Mich., are reinstating the village's police department after its shutdown in September. The Saginaw News ...

AmTrust Financial Services to Acquire CorePointe Insurance Co.

AmTrust Financial Services Inc. announced it has entered into a definitive agreement to acquire Birmingham, Mich.-based CorePointe ...
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Southeast

Family Settles Suit in Death of Georgia Worker on Allman Film

The family of a film worker who was killed in a train accident while shooting a movie near Savannah has reached a settlement with several ...

Tennessee Insurance Broker Murdered in Virgin Islands

Authorities say a Nashville insurance broker was found dead in his secluded rental home in the U.S. Virgin Islands. The U.S. Virgin Islands ...

Mississippi's Lafayette County Expands Fire District

Residents living along Mississippi Highway 30 and on several county roads extending off the highway may soon see a reduction in their ...

EPIC Acquires Atlanta Specialty Brokerage Greyling

EPIC Insurance Brokers and Consultants, a retail property/casualty insurance brokerage, has acquired Greyling Insurance Brokerage & Risk ...
South Central

Texas Wind Insurer Launches Depopulation Portal

The Texas Windstorm Insurance Association (TWIA) has initiated a process whereby interested insurance companies may access information on ...

Small Quake Near Dallas Stirs Fracking Critics

A light earthquake shook the Dallas-Ft. Worth area of North Texas at night on Nov. 22, leaving no known damage or casualties but stirring ...

First Louisiana Flood Board Oil Suit Settlement Earmarked for Coast

Money from the first and only settlement so far in a Louisiana flood board's lawsuit against dozens of energy companies will be placed in a ...
West

Schools in California to Pay $139M in Sex Abuse Settlement

The Los Angeles Unified School District agreed to pay $139 million to settle lawsuits by sexual abuse victims of a former third-grade ...

Seismologists Look for Better Ways to Track Nevada Quake Swarm

Seismologists have taken steps to better track an earthquake swarm in the sparsely populated northwest corner of Nevada near Oregon and ...

AssureStart Online Small Business Insurance Now Sold in California

AssureStart, a Seattle-based online small business insurance provider, is now open for business in California. AssureStart sells business ...

Former Washington Adjuster Pleads Guilty To $135,000 Theft

Former Nationwide Insurance claims associate Fariborz Romeo Rahrovi, 40, on Friday pled guilty in King County Superior Court in Washington ...
International

Proposed UK Terrorism Law to Stop Insurance Cover for Ransom Payments

The U.K. government will introduce anti-terrorism legislation this week requiring internet companies to provide user data to authorities. ...

Some Future Effects of Climate Change Are Inevitable: World Bank

Some future impacts of climate change, such as more extremes of heat and sea level rise, are unavoidable even if governments act fast to ...

New Malware Called 'Regin' Targets Firms in at Least 10 Countries

An unidentified nation may have developed a "highly complex" surveillance tool that targeted companies and other victims in at least 10 ...

RenaissanceRe to Acquire Platinum Underwriters in $1.9 Billion Deal

RenaissanceRe Holdings Ltd. and Platinum Underwriters Holdings Ltd. announced that the companies have entered into a definitive merger ...

ACE Authorizes $1.5 Billion of Share Buybacks

ACE Ltd., the Swiss insurer with operations in more than 50 nations, authorized $1.5 billion of share buybacks to take place in 2015. The ...

Cooper Gay Creates Latin American Energy Practice

Cooper Gay Miami, the Latin American headquarters of global reinsurance, wholesale and specialty broker Cooper Gay Swett & Crawford (CGSC), ...

Aquiline Capital Acquires Majority Stake in Beach & Associates in Toronto

Aquiline Capital Partners, a New York-based private equity firm investing in financial services, has made an investment for a majority of ...

ACE Announces Senior EMEA Accident & Health Appointments

ACE Group announced two appointments in its EMEA accident and health management team, as part of its ongoing investment in its consumer ...

Aviva in $8.76 Billion Deal to Buy Friends Life after Pensions Shake-up

British insurer Aviva said on Friday it had agreed terms on a possible deal to buy rival Friends Life for £5.6 billion [$8.76 billion], as ...
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Aspen CEO Vitale on the Cyber Liability Challenge

Aspen Insurance Co. is not new to insuring cyber liability but cyber is entering a new and...
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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

ACA/ObamaCare Open Enrollment 2015
Posted: Sat Nov 22 -- Thank you guys. I now have a life and health license. I will start calling potential customers next week and I will post how it's going... detroitgirl2
GL forCA: Handmade Puppets and Theatrical Performances
Posted: Thu Nov 20 -- So...I have an existing client who makes puppets by hand, sells them at farmers markets and online. And she is also doing theatrical plays... InsureTime
Big Independent Group
Posted: Thu Nov 20 -- Not likely the same person. Just multiple people who have the same positive opinion of The BIG. Regarding The BIG... To be clear, I'm not a... sgoebel
Workers Comp for Vape Shops/Ecig Industry 8017 and 6504 code
Posted: Tue Nov 18 -- I am looking for a WC market for Vape Shops and Eliquid Manufacturers. We are licensed in all 50 states and have business in all 50 states.... InsureTime
Insured to replacment cost or use extended endorsment
Posted: Fri Nov 14 -- Thanks guys. This is truly a teaching forum. I've decided to add a P&C license after tax season, but I'm going to try to partner with an... detroitgirl2
Top 10 Insurance Myths - incorrect
Posted: Fri Nov 14 -- My friend's auto is in the shop for repairs. He borrows my auto. He crashes my auto. I do not have collision coverage on my auto. The myth... darnovak
Opposite of - Insured to replacment cost
Posted: Thu Nov 13 -- What I would personally do is use another carrier's estimator (hopefully you have another option that isn't MSB) to do a comparison, and... HarrisburgAgent
What's hot' right now.
Posted: Thu Nov 13 -- My experience has been totally different than your comment. I found their underwriters to be smart and helpful. Yes, they did ask for loss... Producer #1

Reader Comments

More Americans Retiring Later Than They Expected
Posted: Tue Nov 18 -- Who among us think that the Recession was over by 2010? How many recovery summers have we had with no improvement? What policies did Obama... Freedom
Utah Woman Wears Colander For Driver's License Photo
Posted: Wed Nov 19 -- Asia Lemmon? Why choose that? Was Luna Tick already taken? And from prelim websearch, her 'acting' days were a LONG time ago. reality bites
Florida Gov. Scott Facing Rising Seas, Climate Change Politics
Posted: Mon Nov 17 -- What I want to know is how much control does Tallahassee have over the rising sea levels? As a generational native Floridian, we've known... FLagent/insured
Detroit Mulling City-Sponsored Auto Insurance
Posted: Thu Nov 20 -- I want cheap insurance rates so let's start our own insurance company....... OMG -- eight city counsel members voted and not one voice of... Hmmmm
Texas Man Claims Medical Errors Led to Leg Amputations
Posted: Fri Nov 21 -- good luck winning that case in Texas sally Ann Fannymaker

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