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Daily Headlines
May 22, 2015
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Today's Headlines

National

DEA 'Operation Pilluted' Nets 280 Drug Trafficking Arrests in 4 States

The U.S. Drug Enforcement Administration (DEA) and federal prosecutors have made 280 arrests in what they call an "unprecedented ...

The Scoop on Recall Insurance and Listeria-Linked Ice Cream

While peanut butter and cantaloupe made big news in recent years, ice cream is now the latest item to be pulled off grocery store shelves ...

Senate Committee Passes Dodd-Frank Relief Bill Without Democrats

A bill to ease regulations across the U.S. financial sector passed a Senate committee on Thursday with no support from Democrats, in a ...

Beazley Launches Risk Management Website for Breach Response Policyholders

Beazley has launched of a new risk management website for Beazley Breach Response (BBR) policyholders. The site offers tools and resources ...

Willis Construction Adds Russo in New York, Johnson in Chicago

Willis North America announced two appointments to its Construction Practice. Joseph Russo has been appointed East Region Broking Leader ...

Insurance Pros: What Are Your Thoughts on Climate Change?

President Barack Obama and potential presidential candidate Jeb Bush declared a war of words within the war on climate change this week. ...

From MyNewMarkets.com Companies Not Adequately Protecting Most Technology Assets: Aon/Ponemon

Cyber is one of the fastest growing risks for companies across the globe, and information technology assets are often as valuable as...
Carrier Management

Get Social, Look Forward to Innovate: Chubb Chief Innovation Officer Bidwell

Like any property/casualty insurer, Chubb Insurance faces the challenge to refresh its business with new ideas. But...
East

Jersey Shore Still Recovering as 3rd Post-Sandy Summer Nears

In the months after Superstorm Sandy devastated the Jersey shore, New Jersey Gov. Chris Christie warned residents the damage would not be ...

Report Suggests Decrease in Occupational Injuries, Illnesses in N.H.

New Hampshire health officials have released a report suggesting there's a decrease in occupational injury and illness rates in the state ...

A.M. Best Assigns Ratings to Coverys Specialty in New Jersey

A.M. Best has assigned a financial strength rating of A (Excellent) and an issuer credit rating of "a" to Coverys Specialty Insurance ...

Maine's Highest Court Upholds Workers' Comp Fraud Conviction

Maine's highest court is upholding the conviction of a northern Maine man convicted of collecting more than $50,000 in workers' ...
Midwest

Arthur J. Gallagher Acquires James R. Weir in Minnesota

Arthur J. Gallagher & Co. has acquired James R. Weir Insurance Agency Inc. in Mankato, Minn. Terms of the deal were not disclosed. Jay ...

Keystone Takes on Two New Missouri Partners

Keystone Insurers Group welcomed Springfield, Mo.-based agency Barker Phillips Jackson as its second franchise partner in the state and ...

Homeowners in a South Dakota County Won't See Flood Insurance Surcharge

More than 400 homeowners whose property lies along the Missouri River in southeast South Dakota are no longer facing a potential surcharge ...

Ridesharing Service Expands to 5 More Wisconsin Cities

The ridesharing service Uber is expanding to five more Wisconsin cities. Uber already operates in Madison, Milwaukee and Green Bay. ...

Watercraft Laws Taking Effect in Illinois Are Aimed at Safety

Law enforcement officials say Illinois boaters should be aware of new laws taking effect this year. Lake County Sheriff Mark Curran Jr. ...
Southeast

ConAgra to Settle Georgia Peanut Butter Salmonella Charges for $11.2M

ConAgra Foods agreed to pay $11.2 million, a sum that includes the highest criminal fine ever in a U.S. food safety case, to settle a ...

Florida Officials Find 103 Card Skimmers at Gas Stations Statewide

Officials with Florida's Department of Agriculture say 103 skimmer devices that are used for identity theft have been discovered at more ...

More North Carolina Wells Near Duke Coal Ash Pits Show Water Contamination

North Carolina officials are warning even more residents living near Duke Energy's coal ash pits that it's not safe to drink or cook with ...

IFG Companies Adds DeCouto as VP of Primary Property Unit in Atlanta

IFG Companies has named Sophia J. DeCouto as vice president and head of the Primary Property Unit within its Brokerage Property Division. ...
South Central

Hurricane Protection System for New Orleans Tested by Army Corps

With hurricane season approaching, the Army Corps of Engineers is running through its plans to better protect New Orleans from flooding and ...

Texas Law Bans Cities From Banning Fracking and Drilling

Republican Texas Gov. Greg Abbott has signed into law a prohibition on cities and towns imposing local ordinances preventing fracking and ...

Southwest Risk Names Flake Vice President in Texas

Southwest Risk, LP has named Jennifer Flake vice president and broker of transportation. Flake will work out of Southwest Risk's new Fort ...
West

Swarm of Small Quakes Shake Southern California Desert

A swarm of small earthquakes have struck a sparsely populated area of the Southern California desert, but there were no reports of any ...

Dry Conditions Have Alaska Wildfire Responders Keeping Eye Out

Interior Alaska and other parts of the state are experiencing conditions ripe for forest fires and natural resources officials are urging ...

Arizona Wildfire Season Delayed by Cool, Wet Weather

An unusually cool and wet May is delaying the start of the wildfire season around northern Arizona. Weather conditions at this time last ...
International

AXA Plans to Sell Coal Assets, Citing Concerns About Climate Change

France's largest insurer will scrap holdings in coal companies because of concerns about climate change, broadening support for the ...

PartnerRe Shareholders to Decide on AXIS Bid; Board Rejects EXOR Offer

PartnerRe Ltd. said in a statement on Friday that its suitor EXOR has rejected any negotiations to raise its $6.8 billion hostile offer. ...

EXOR Refuses to Sweeten $6.8 Billion Offer to Acquire PartnerRe

EXOR SpA, the investment vehicle of Italy's Agnelli family, reiterated that it won't sweeten a $6.8 billion offer to buy PartnerRe Ltd. as ...

UK's Regulator Criticizes Insurers for Failures in Handling Claims for SMEs

The UK's Financial Conduct Authority criticized the insurance industry for "poor practices" and "significant" failures in handling claims ...

AXA to Acquire Large Commercial Risks Subsidiary of SulAmérica

AXA announced it has entered into an agreement with SulAmérica SA to acquire 100 percent of its large industrial and commercial risks ...

Montpelier Re to Hold Special Shareholders' Meeting on Endurance Acquisition

Bermuda-based Montpelier Re Holdings Ltd announced that it has scheduled a special general meeting of its shareholders to "consider and ...

Bermuda Monetary Authority Appoints Lespere as Chief Operations Officer

The Bermuda Monetary Authority has appointed Shanna Lespere as its chief operations officer (COO). In her new position, effective ...
Insurance Journal Blogs and Columns

Legal Ridesharing Comes to Portland...Sort of

Uber is operating legally in Portland, for now. A pilot program adopted by the Portland City Council has given transportation network ...

Is it Flood or Water Damage - Part IV of Flood, Flood or Flood

To review prior articles, links are here for Part I, Part II, and Part III. Part IV What the Insured Said Let's bring this discussion ...

Courts and Carriers Can Misapply the Absolute Pollution Exclusion

Never let it be said that an exclusion would or could be misapplied; but the absolute pollution exclusion likely qualifies as the most ...

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Insurance Journal TV

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Moore Tornado: Two Year Anniversary

Two years after the devastating Tornado that hit Moore, Oklahoma, we share some of the images...
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Big 'I' Chairman Examines Challenges Facing Independent Agent Channel

There is no shortage of challenges facing independents agents these days. But in a...

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New Discussions in the Forums

They only worried about a checked box
Posted: Fri May 22 -- I just went round and round with a third party certificate management company. I kept getting a response from them that said The General... etimer
Clinical Trials Coverage in Italy
Posted: Fri May 22 -- Through our network we have been contacted by a Italian organization which will conduct a small clinical trial on e-cigarettes, Their budget... InsureTime
Vacation rental needs 1mill GL in CA
Posted: Wed May 20 -- Hi, as long as the Property Manager carries their own E&O, Anderson & Murison should be able to help! Feel free to send your app to us at... Outlawpoet
Vertafore's Answer to Google Compare for Agents
Posted: Wed May 20 -- Did the Insurance Journal and Vertafore miss the whole purpose of Google Compare??? --it is to sell DIRECTLY to consumers. Vertafore is for... OldIndyAgent
Thrid Party Cert Managment Wants to Be cert holder
Posted: Wed May 20 -- I read all contracts and I also read the one in question. It is an AIA A401contract and all insurance requirements are met. The request for... etimer
Agency Management System
Posted: Tue May 19 -- There's a new cloud system for small to medium sized agencies (including independents) called the Broker Business Management System... ccox
EPLI in CA
Posted: Wed May 13 -- Hi; Yes, we have a market that will write EPLI and assists with Free Human Resources (HR) consultation HELPLINE service with unlimited calls... ceccase01
Am I on track? 2 years into the P&C business
Posted: Tue May 12 -- You should probably keep your income figures to yourself and your employer. I'm not equipped to be a career/life coach, but if you're happy... d's insurance store
Medical Marijuana WC in CA
Posted: Tue May 12 -- I have PEO market that is requesting I send them some risk from this industry. I will be happy to give them a shot and see what we may be... Chad Filley

Reader Comments

Blowing the Whistle on NFL's Concussion Studies
Posted: Fri May 15 -- Agent, you are amazing...and not in a good way. The posts prior to you were actually about the article. For a brief moment, it appeared that... Shaking My Head
Farmers Sued by Female Employee Attorney for Alleged Discrimination
Posted: Fri May 15 -- Rosenblatt, if you read my first post about the best 10 states to do business in, I did not ask for you to list anything about the Pain... Agent
Here's What's Happening to Healthcare Costs for Typical Family
Posted: Thu May 21 -- bob, How exactly am I being a hypocrite? When I call someone else a hypocrite, I present the evidence. Where is yours? You said, "And I... Ron
Georgia Officers Issue 270 Tickets Under 'Slow Poke' Law
Posted: Thu May 21 -- Steve, you are the perfect example of the reason why this law was put into effect in the first place! "I don't think I'm obligated to move... Dbroker
Supreme Court Eyes Letting Businesses Pay to End Class Actions
Posted: Tue May 19 -- If the court rules in favor of the defendant, I predict a class action lawsuit by the entire bar against the Supreme Court for restraint of... ernie

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