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Daily Headlines
August 29, 2014
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

A.M. Best Downgrades Tower Group Again

Tower Group International must deal with more ratings downgrades from A.M. Best, spurred by its soaring net losses and uncertainty over ...

Ugly Is Beautiful for Hurricane Forecaster

When it comes to Atlantic hurricanes, brief and ugly is beautiful, at least to Phil Klotzbach, lead author of Colorado State University's ...

Insurers on U.S. Financial Oversight Council Agenda for Next Week

The U.S. systemic risk council will meet on Sept. 4 to discuss naming nonbank financial firms for tougher regulatory oversight, the U.S. ...

GetMyBoat Boat Rental Service Launches Boat Rental Insurance

GetMyBoat, a global peer-to-peer and boat rental and charter marketplace, has launched a global boat rental insurance product. Customized ...

Young Male, Female Drivers Differ in Types of Crashes: Study

Young female drivers have more crashes at intersections and collisions with pedestrians than do young male drivers, who have more off-road ...

From MyNewMarkets.com USI to Acquire 7 Willis Retail Brokerage Locations Across U.S.

USI Insurance Services announced it has entered into an agreement with certain subsidiaries of Willis North America Inc., part of Willis...
Carrier Management

P/C M&As Are Alive and Well--They're Just Different

We hear and read that merger and acquisition (M&A) activity in the property/casualty insurance industry is fading....
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East

Nationwide Eyes Growth in New Jersey Auto Insurance Market

Nationwide Mutual Insurance Company has begun selling its Nationwide-branded auto insurance in New Jersey this month for the first time ...

Philadelphia Insurance Vindicated in YouTube Bugatti Crash Case

Philadelphia Insurance Companies said it's been vindicated in its investigation and denial of a fraudulent claim filed by an East Texas ...

NORCAL Mutual Begins Offering Med Mal Coverage in Del., Penn.

NORCAL Mutual Insurance Company, a medical professional liability insurance carrier domiciled in San Francisco, said it is now offering its ...

New York's Staten Island Gets $56M to Control Future Flooding

New York officials say $33 million in federal Sandy relief will be going toward the purchase of about 24 acres on Staten Island to control future flooding ...
Midwest

'Cops' Film Crew Member Killed by Omaha Police Bullet

When the call came from an officer who needed help facing an armed robber at a fast-food restaurant, two members of a reality television ...

Blast at BP Refinery in Indiana Sparks Fire, Shakes Homes

An explosion at a BP oil refinery in Indiana rattled nearby homes and sparked a fire that was later extinguished, but it didn't cause any ...

Assured Neace Lukens Hires Seager to Support Midwest Clients

Louisville, Ky.-based Assured Neace Lukens hired Cary Seager as Health & Productivity manager. In her new role, Seager will support Assured ...

Crop Insurance Options Extended in North Dakota

U.S. Agriculture Department has announced new supplemental coverage for North Dakota crops through the federal crop insurance program. U.S. ...
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Southeast

South Carolina Employee Scores Workers' Compensation Win for Kickball Injury

The South Carolina Supreme Court ruled this week that an employee injured during a company kickball game is entitled to workers' ...

DuPont Hit with $1.3 Million Penalty for Multiple West Virginia Chemical Leaks

DuPont will pay a fine of $1.275 million to settle a federal complaint over eight chemical releases from a Kanawha County production ...
South Central

Louisiana's Homeowners Market Stronger 9 Years after Katrina

Louisiana's property insurance market is vastly improved nine years after Hurricane Katrina devastated the state on Aug. 29, 2005, largely ...

Parker Named New CEO of USAA

Stuart Parker, currently chief operating officer at San Antonio-based USAA has been named to succeed current CEO Joe Robles when he retires ...

Endris, Parker Join Higginbotham/Swantner & Gordon in Texas

Commercial insurance brokers Aaron Endris and Bryan Parker joined the Swantner & Gordon branch office of Higginbotham in Corpus Christi, ...
West

Busy Week for Those Assessing Damage from Napa Quake

"It's been a busy week," said Glen Pomeroy, CEO of the California Earthquake Authority. The magnitude 6.1 earthquake that struck Northern ...

Climate Change to Affect Hawaii's Tourism Industry, Says Study

A University of Hawaii report is warning the state's tourism industry to start preparing now for the effects of climate change. The study ...

Uber, Lyft, Legislature Give Nod to California Rideshare Bill

When Assemblywoman Susan Bonilla, D-Oakley, amended her measure to regulate transportation network companies, Uber, Lyft and others removed ...

California Underground Economy Sweep Results in Fines, Citations

The California Department of Insurance on Wednesday led a statewide multi-agency sweep in which representatives visited more than 50 ...

Merriwether and Williams in California Taps Creedon

Merriwether and Williams Insurance Services in California has named Kathleen Creedon director of risk management services. Creedon will ...
International

How Insurance Can (or Can't) Help You - a True Story

When it comes to personal lines insurance there are really only two attachment points - acquiring the policy and making a claim. The first ...

UPDATE: Iceland Lowers Volcano Alert; Small Eruption No Threat to Aviation

Iceland reduced its aviation warning level to orange on Friday after concluding that a small eruption in the Bardarbunga volcano system ...

Undersea Search for Missing Malaysian Airliner Refined

The massive undersea search area for a missing Malaysian airliner in the southern Indian Ocean could be extended farther south based on new ...

Aon Benfield Secures Reinsurance Capacity for AEGIS Cyber Offering

Aon Benfield announced that it has secured "the reinsurance capacity for a unique cyber product developed by the Lloyd's syndicate of ...

Iceland Puts Airlines on High Alert after Volcanic Eruption

Iceland put airlines on the highest level of alert after authorities detected an eruption north of the Bardarbunga volcano. The Icelandic ...

Beattie to Head Miller's Expanded Asia Construction Offering

UK-based broker Miller Insurance Services LLP announced that it has "implemented plans to grow its Asia construction book with the ...

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CFC: Business Interruption Coverage More Important Than Ever to Cyber Policies

London-based MGA, CFC Underwriting, has brought a new cyber product to market for large...
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Senate Hearing on Sandy Flood Claims Process

The U.S. Senate Committee on Banking Subcommittee on Housing, Transportation, and Community...

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New Discussions in the Forums

Aggregator
Posted: Thu Aug 28 -- CoJones, this recent IJ list of the Top 20 Agency Partnerships by revenue may be helpful in your search. Good luck!... JulieTinney
Trucking -Ca excess and cargo
Posted: Wed Aug 27 -- Need 1 million excess over gl and comml auto (1 unit) for small freight forwarding business in ca. actully looking for somene who has... trotter
Moving (driving) cars between 2 locations. What coverage?
Posted: Tue Aug 26 -- A tough exposure. Similar to one we have with dealer transport and customer inter-branch delivery. The vehicles are not scheduled, but PD... Miguelito
Need umbrella market with a large loss. TX
Posted: Tue Aug 26 -- Small Town, I would go to US Risk with that one. I do Umb with them up to 10M and customers always pleased with the markets and rates. My... JohnnyLaw
Travelers reducing commissions
Posted: Tue Aug 26 -- insurance1822, unless there is a large enough drop off of new business from the agent channel, there is no way Travelers will reverse... agent14
Need comp in ca code 5474 painting
Posted: Thu Aug 21 -- Do you recommend them ? I've been searching, that's how I've find this thread. Thanks Kind Regards Peter S. Peter Smith
Are Insurance Agents Employees or Independent Contractors?
Posted: Wed Aug 20 -- ssweatlaw, I have a question for you: If an independent contractor insurance agent(captive or independent agent) is given a monthly quota,... agent14
TN long haul trucker, sort of new venture
Posted: Tue Aug 19 -- Hello - here are some links I found on Insurance Journal's searchable database over at MyNewMarkets.com:... KHoney
Non-Emergency Medical Transportation in California
Posted: Tue Aug 19 -- Hello - here are some links I found on Insurance Journal's searchable database over at MyNewMarkets.com:... KHoney

Reader Comments

Small Businesses to Commercial Insurers: 'You've Lost That Loving Feeling'
Posted: Mon Aug 25 -- Hey FFA, Do you know how to spot a Liberal? A Liberal is someone who protested against the war in Iraq & Afghanistan until Obama took... Original Agent
Is Your Agency a Best Place to Work? Tell Us Now!
Posted: Tue Aug 26 -- My agency is the worst. I get so bored from lack of business, I just go out to IJ all day and dislike the lefty comments. Then, I act like... Original Agent
Top 10 Stolen Cars of 2013
Posted: Fri Aug 22 -- Hey Perplexed. I got a great email cartoon to share with you. The Title of it is - How to get Obama's attention...... Picture the Jihadist... Original Agent
Data: Connecticut, Maine Have Slow Economic Growth
Posted: Fri Aug 22 -- I wonder why any Blue State would have slow economic growth. We know they are doing all the right things to attract business and keep what... Original Agent
Obama Administration Offers Birth Control Fix for Religious Groups
Posted: Mon Aug 25 -- If a closely held corp, or a non-profit opt out, they should see their insurance premium rise. By not offering the coverage, they will... producer #1

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