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Daily Headlines
December 19, 2014
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

MetLife Considers Appeal of Systemic Risk Label

MetLife Inc., the biggest U.S. life insurer by assets, was labeled a systemically important financial institution by a council of ...

Fireman's Fund Timeline: Through Earthquake, Amex and More

The sale of a Fireman's Fund unit from Allianz SE to Ace Ltd. stands to further diminish an iconic U.S. insurance brand that dates to the ...

President Obama Signs Bill Easing Insurer Capital Standards

President Barack Obama has signed legislation intended to relax capital and liquidity standards for insurers under the Dodd-Frank Act. The ...

Private Auto Premiums See Largest Q3 Growth in 10 Years: SNL

Private auto insurance industry direct premiums written rose 5.13 percent in the third quarter of 2014, the largest third-quarter ...

Insurer Philadelphia Cos. Counts Carbon Footprint

It's no secret that many property/casualty insurers are tackling climate change on the back end through more sophisticated catastrophe ...

Price Optimization Allegations Challenged, NAIC Investigating Practice

Reaction to industry-wide price optimization allegations from a consumer group known to call out insurers has been somewhat critical yet ...

From MyNewMarkets.com 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,...
East

Ringling Bros. Disputes OSHA Citation for Hair-Hanging Accident in R.I.

Ringling Bros. and Barnum & Bailey Circus has contested a citation it received from federal regulators for an accident that sent eight ...

Ringleader of Auto Insurance Fraud Scam Pleads Guilty in Massachusetts

The ringleader of an automobile insurance fraud scheme in which dozens of New York City residents claimed they lived at fictional addresses ...

14 Charged for Roles in Deadly 2012 Meningitis Outbreak

In the biggest criminal case ever brought in the U.S. over contaminated medicine, 14 owners or employees of a Massachusetts pharmacy were ...

New York Will Move to Prohibit Fracking

New York Gov. Andrew Cuomo's administration will move to prevent fracking in the state, citing unresolved health issues and dubious ...

Arthur J. Gallagher Acquires Affinity Marketing Group in Massachusetts

Arthur J. Gallagher & Co. announced the acquisition of Affinity Marketing Group LLC in Natick, Massachusetts. Terms of the transaction were ...

Integro Acquires Ventura Insurance Brokerage in New York

Insurance brokerage and risk management firm Integro announced its acquisition of Ventura Insurance Brokerage in New York City. Financial ...

Aspen Insurance Agency Announces New Hires in N.H.

Aspen Insurance Agency in Manchester, New Hampshire, has hired two additional staff members. Lyndsay Lee has joined the agency as ...
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Midwest

Donald Gaddis Co. Acquires Chicago-Based Kelly and Elliott

Wholesale insurance broker and general agency, Donald Gaddis Co. Inc., has purchased rights to all the renewals of Kelly and Elliott Ltd. ...

Reincke Promoted to Brokerage Manager at J.M. Wilson

Portage, Mich.-based wholesale insurance specialist, J.M. Wilson, has promoted James Reincke to brokerage manager for the newly formed ...

McGowan Installed as President of the Independent Insurance Agents of Indiana

The Independent Insurance Agents of Indiana Inc. (Indiana Big "I") has installed its slate of officers for 2015, including Hugh M. McGowan ...
Southeast

Executives in West Virginia Chemical Spill Facing Criminal Charges

When state inspectors arrived at Freedom Industries asking about a licorice smell enveloping West Virginia's capital city, the point person ...

North Carolina Couple Charged with Insurance Faud

A North Carolina couple has been charged with faking an accident and medical records in filing an insurance claim. Insurance Commissioner ...
South Central

Work-Related Injuries, Illnesses Requiring Days Off Decreased in Texas in 2013

Private industry employers in Texas reported 51,890 cases involving days away from work and an incidence rate of 66.6 injuries and ...

Dallas-based Waldman Bros Promotes 5 to Vice President Positions

Waldman Bros, a Dallas-based insurance and financial services firm, has promoted five employees to serve as vice presidents, including ...

Texans Can Expect More Troopers on Patrol During Holidays

Texas troopers will increase patrols over the more than two-week holiday period with officers on the lookout for drunken drivers. The Texas ...
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West

Uber in a California Regulatory Standoff Over Data

Uber argued Thursday that it should not have to turn over ride data in a California regulatory standoff that shows how the transportation ...

Paralyzed California Teen's Pop Warner Suit Can Continue, Judge Says

A Los Angeles judge has refused to throw out a lawsuit by a teenager who was paralyzed while making a tackle during a Pop Warner football ...

Arizona Insurance Council Elects 2015 Board Officers

The membership of the Arizona Insurance Council has elected its officers for 2015. They are: Tim Goeller, President of AIC and regional ...
International

China Forms 1st Insurance Fund to Cap Financial Risk in Shadow Banking

China on Friday set up its first insurance fund for its $2.1 trillion trust industry in a move to reduce financial risk in shadow banking, ...

LeapFrog, Lombard to Acquire Stakes in Thai Insurer SMK from RSA

LeapFrog Investments, Lombard Investments, and Syn Mun Kong Insurance Public Company Limited (SMK) [SMK:Bangkok] announced today that ...

Anbang Expands Reach With Diverse Investments in China, Europe & US

Anbang Insurance Group Co., the Chinese insurer that's buying New York's Waldorf Astoria hotel, is expanding at home with investments ...

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Insurance Journal TV

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IIAT's VanDelinder Plans to Continue Working to Educate Agents

Texas' and the nation's largest state level independent insurance agents' association is about...
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Hiscox USA's Walter on Terrorism Insurance Amid TRIA Uncertainty

Ben Walter, president and CEO of Hiscox USA, assesses the standalone terrorism insurance...

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New Discussions in the Forums

Travelers reducing commissions
Posted: Fri Dec 19 -- Is anyone else aware of a lawsuit that was brought against Travelers by agents in the past? I recall my rep talking about one around 7 years... NCAgent
State Compensation Funds in all states
Posted: Wed Dec 10 -- Does any wholesaler have immediate access to all the state compensation funds? We are a national broker but do not want to hold so many... InsureTime
ACA/ObamaCare Open Enrollment 2015
Posted: Wed Dec 10 -- Me personally, I haven't missed a single commission payment on any policies. I have heard of some others have a few problems though. Smalltownagent
Pre 1980 Workers' Compensation Policy Form
Posted: Sun Dec 7 -- I'm doing some research into workers' compensation and the evolution of the policy forms. I'm looking for sample policies in use prior to... scott
CGL For Property management
Posted: Fri Dec 5 -- I am looking for a market for CGL for residential property management company. Would prefer admitted markets. In Texas Thanks, Brenda H
GL forCA: Handmade Puppets and Theatrical Performances
Posted: Fri Dec 5 -- I would suggest you try Travelers. We have an account there that makes equestrian related products to sell at craft fairs and farmers... Shagster121261

Reader Comments

House $1.1 Trillion Plan Includes Deals on Banks, Trucks, Adjusters, Campaign Funds
Posted: Fri Dec 12 -- So the House lame ducks pass this bill to keep the lights on. Reckon there is any pork loaded into it, particularly by the ones who got... Freedom
Sandy Hook Victims' Families Blame Bushmaster in Lawsuit for Shooting
Posted: Tue Dec 16 -- Unfortunately, Mrs. Lanza was responsible here: She had a mentally ill son who had access to these weapons. She even bought them for him.... agent2
Senate Fails to Renew Terrorism Insurance
Posted: Wed Dec 17 -- Tom Colburn is correct. This is and has been a gold mine for insurance companies. Jack Bailey
ACE to Buy Fireman's Fund Personal Lines; Famous Brand Fading Away
Posted: Thu Dec 18 -- Years of mismanagement of a company will tend to make it go away. Agent
Sony's Unprecedented Cyber Attack: Deep, Costly, Controversial
Posted: Thu Dec 18 -- This situation sits at the intersection of Censorship and Risk Management. While citizens of the US are given a right to freedom of speech,... GenXUnderwriter

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