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Daily Headlines
July 25, 2014
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Today's Headlines

National

Chubb Q2 Profit Declines 14%

Chubb Corp. reported that net income in the second quarter of 2014 fell to $499 million from $579 million in the second quarter of 2013 due ...

Congress Urged to Help Miners with Black Lung Disease

A retired coal miner who suffers from black lung disease urged Congress this week to help clear a backlog of claims of fellow miners who ...

Judge Approves NCAA's $60 Million Video Game Settlement

The National Collegiate Athletic Association and Electronic Arts Inc. won a judge's preliminary approval of $60 million in settlements of ...

More Than 10 Million Adults Gain Health Coverage Since Obamacare Began

An estimated 10.3 million American adults have gained health coverage since Obamacare enrollment began last October, with the biggest gains ...

Emergency Responder Mobile App Could Aid Communications During Disasters

A mobile app from a law enforcement technology firm could soon allow emergency responders from different agencies to communicate seamlessly ...

Hartwig Turns Back King Hammurabi's Playbook on Resilience

The U.S. government today may be starting to embrace concepts that date back to Babylonian King Hammurabi's reign some 3,800 years ago. ...

From MyNewMarkets.com All About the Details: Coverage In the High Value Home, Luxury Condo Segment

The high value homeowners and luxury condo markets have become competitive arenas to play in, with several new programs and companies in the...
Carrier Management

Bain: Few P&C Outfits Excel at Both Attracting and Keeping New Clients

When it comes to building new business, the property/casualty insurance industry has split in two. Some companies in the...
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East

Rideshare Firm Lyft Works Out Deal to Operate in New York City

New York State officials announced today rideshare firm Lyft has agreed to operate in New York City in full compliance with existing laws ...

Penn. Public Utility Commission OKs Emergency Rideshare Permits in Pittsburgh

Pennsylvania's Public Utility Commission has approved emergency permits for two ridesharing companies that have been operating in the ...

Prosecutors: N.J. Man Falsely Claimed He Was Carjacked

Authorities say a central New Jersey man lied when he claimed he had been carjacked by someone who then crashed his vehicle into several ...

Pennsylvania's MJB Financial Joins Iroquois Group

MJB Financial and Insurance Advisors in Drexel Hill, Penn., has joined The Iroquois Group network, according to Michael Brown, agency ...
Third party discrimination lawsuits continue to rise - Learn what agents must know! New webinar from Academy of Insurance
Midwest

Height of Iowa Bridge a Challenge for Drivers

A low bridge in Council Bluffs, Iowa, is proving challenging to motorists. Drivers of tall vehicles have hit the Canadian National Railroad ...

Missouri Makes Insurer Filing Records Available to Public Online

The Missouri Department of Insurance announced the implementation of a new online tool that allows consumers to view insurance company ...

Survey: Michigan Business Owners Optimistic About Future

Owners of Michigan's small and medium-size businesses have voiced their confidence in Michigan's economic future in the latest Future ...
Southeast

Insurers File for 9.1% West Virginia Workers' Compensation Loss Cost Decrease

The National Council on Compensation Insurance (NCCI) has filed a proposed reduction in workers' compensation loss cost rates in West ...

Miami Seaquarium Fined Over Safety Conditions for Killer Whale Trainers

The Miami Seaquarium has been issued a $7,000 fine for allowing trainers to work with a killer whale without sufficient protections. The ...

Florida Drunk Driver Run Over By Own Vehicle

Police said an intoxicated man was run over by his own pickup truck after he got into a road rage incident during a rainstorm. The incident ...
South Central

Fees Plus Commissions Allowed for Retail Insurance Agents in Texas

Retail insurance agents in Texas are allowed to charge certain fees in addition to a commission in relation to selling an insurance policy, ...

Federal Disaster Declarations to Help Farmers in 10 Arkansas Counties

U.S. Secretary of Agriculture Tom Vilsack has made disaster declarations for farmers and ranchers in 10 Arkansas counties who suffered ...

Austin Police Officers Sue for Discrimination After Reassignments

Some Austin, Texas, police officers are suing the city for what they say was race and age discrimination in job assignments. The Austin ...
West

Lane Splitting Guidelines Removed by California Highway Patrol

The California Highway Patrol has taken down safety guidelines for a criticized but legal driving maneuver in which motorcyclists pass ...

NRA Insurance Enables Oregon Shooting Ranges to Reopen

Shooting ranges in White City, Ore. are reopening after the National Rifle Association agreed to provide insurance coverage. The 18 ranges ...

Jury Awards Families $2.4M in Lawsuit Over Utah Couple's Kayaking Death

A jury has faulted state and local agencies in the 2010 deaths of a Utah married couple kayaking in the Jordan River. Family members of ...

Oregon Man's Sues Boy Scouts for $5.3 Million Over Molestation

A Portland, Ore. man who says he was molested by his Scout leader in the 1970s seeks $5.3 million in a lawsuit filed against the Boy Scouts ...
International

Air Crashes Set 2014 on Course to Be Deadliest Since 2005

Three fatal airline crashes in a week mean 2014 is shaping up to become the worst year in almost a decade for passenger fatalities. The ...

UPDATE: Bad Weather Likely Cause of Air Algerie Crash - French Officials

Poor weather was the most likely cause of the crash of an Air Algerie flight over the West African state of Mali with 116 people on board, ...

Canada Transport Board Welcomes U.S. Oil-by-Rail Ideas; Warns Dangers Remain

The Transportation Safety Board of Canada on Thursday welcomed proposed U.S. regulations for oil-by-rail tankers, but cautioned of the ...

El Nino Seen Weak or Delayed for Several Months by Forecasters

El Nino will probably develop as a weak event in late summer or early fall in the Northern Hemisphere, according to MDA Weather Services, ...

UK MGAA Membership Hits $5.6 Billion Premium Mark

MGA membership in the UK's Managing General Agents' Association (MGAA) now represents over £3.3 billion [$5.6 billion] of Gross Written ...

Validus Reports $153.4 Million Q2 Net Income; $315.8 Million 1st Six Months

Bermuda-based Validus Holdings, Ltd. reported net income available to Validus of $153.4 million, or $1.61 per diluted common share, for the ...

AIA First-Half New Business Value Rises 23%, Led by China

AIA Group Ltd., the second-largest Asia-based insurer, posted a 23 percent increase in new business value in the first half, beating ...

Typhoon Matmo Spares Taiwan from Major Damage; Moves to China: AIR Analysis

According to catastrophe modeling firm AIR Worldwide, Typhoon Matmo, the third typhoon in the western Pacific Basin in less than three ...

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Trends in Medical Professional Liability Claims

Richard Henderson is vice president with Transatlantic Reinsurance Company. In this interview...
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Texas Mutual CEO Gergasko on Workplace Safety and the Texas Workers' Comp System

Richard Gergasko, CEO of workers' compensation insurer, Texas Mutual Insurance Co., describes...

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New Discussions in the Forums

Why am I still an Agent?
Posted: Thu Jul 24 -- Detroitgirl2 - I was able to get this book for 1 times revenue, which is not normal I must say. And with regards to Life and Health, I wrote... Smalltownagent
Yodle for Marketing?
Posted: Thu Jul 24 -- You need to ask Yodle for the name and contact info for some retail insurance agencies they've worked with. Then you need to call and ask... d's insurance store
QuickBooks
Posted: Thu Jul 24 -- I also realize that this is an old thread however; I was interested to know if "Quikfuzion" did roll out integration with QuickBooks as... mcasconi
Decreasing Labor Intensity
Posted: Thu Jul 24 -- I am a newbie looking for opinions from those in the Insurance industry regarding "Outsourcing Accounting Services". My Forum-Opinion search... mcasconi
Want to buy independent insurance agency
Posted: Wed Jul 23 -- So it sounds like you won't have the volume to attract the more recognizeable admitted retail companies [Travelers, Chubb, etc.] .If that is... mightyquinn
Wholesale Insurance
Posted: Wed Jul 23 -- I've started a wholesale brokerage and I know what it takes. What state are you in? How long have you been in wholesale? Do you have a niche... mightyquinn
Clean Shell
Posted: Wed Jul 23 -- Has anyone ever purchased a Shell or a Clean Shell ? How was the process ? CoJones
Can anyone vouche for Noodle, Smart Choice, Agent Secure?
Posted: Mon Jul 21 -- indy's are not really competitive in personal lines in my area. I think everyone tries to write it though. mattnewtonberger
Need comp in ca code 5474 painting
Posted: Wed Jul 16 -- 100000 in payroll. 'insured was with Ullico and they went insolvent so insured has... Jeremy141

Reader Comments

Court Rules Against Obamacare Subsidies for Federal Exchange Insureds
Posted: Tue Jul 22 -- This is a good ruling and will hopefully weaken the nationalization of healthcare. Things should be moving the opposite direction if we hope... Ben Dover
House to Sue President Obama Over Healthcare Mandate Waiver
Posted: Fri Jul 18 -- Libby, we have a brain and you have not a brain. Agent
Same Day, Different Court Obamacare Subsidies Upheld
Posted: Tue Jul 22 -- Well played, Democrats, well played. Guess that death knell on the court ruling was a bit premature. Celtica
1 in 4 Young Adults Don't Leave Home; Trend Expected to Rise
Posted: Thu Jul 24 -- Does anyone else think this has less to do with the economy and more to do with the fact that parents enable their kids like never before... Don Quixote
NFL Players Sue Own Union, Allege Concussion Conspiracy with Owners
Posted: Mon Jul 21 -- I think it is now common knowledge that playing football may result in brain injuries. Armed with this knowledge, how many prospective... Franklin

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