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

Today's Headlines

National

Insurance Will Absorb Some Costs in Home Depot's Giant Privacy Breach

Home Depot Inc. Thursday said some 56 million payment cards were likely compromised in a cyberattack at its stores, suggesting the hacking ...

New CEO Hancock Puts Stamp on AIG Management in Shake-Up

American International Group Inc. named Kevin Hogan to lead its main life insurance business, putting him in charge of offerings for ...

Ryan to Head Research for Marsh's Workers' Compensation Center

Tom Ryan has been named market research leader at Marsh's Workers' Compensation Center of Excellence. Ryan been with  Marsh Risk ...

Insurers Bonding with Climate Change Battle

Nearly one-in-five major investors in green bonds issued by one of the world's largest players in that market is coming from the insurance ...

From MyNewMarkets.com Demand for Liability Coverages Expected to Rise from Hacking, Fracking and More

Claims severity and demand for liability insurance will increase as economic growth accelerates and because of technological, social and...
Carrier Management

Scottsdale's Miller on Being Ready for Career Opportunities

A page of the marketing materials for Scottsdale Insurance for 2014 carries the title: "Are You Ready? We Are." Under...
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East

Virginia Offering Storm Surge Risk Map for Coastal Areas

Virginia emergency management officials have created a new tool to help coastal residents assess the risks of rising water in a storm ...

Treasury Hasn't Determined Boston Bombing Was 'Act of Terrorism' Under TRIA

A U.S. Treasury Department spokesperson last week provided a statement to Boston news outlets that said "The Secretary has not determined ...

Appleby & Wyman in Massachusetts Announces Leadership Changes

Appleby & Wyman, an independent insurance agency with offices in Beverly and Westford, Massachusetts, announced changes to its leadership. ...

Mass. Gov. Takes Issue With Report Pegging ACA Costs at $1B

Massachusetts Gov. Deval Patrick is sharply criticizing a report that puts a price tag of about $1 billion on the implementation of the ...
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Midwest

Michigan Panel: Special Authority Needed to Target Car Insurance Fraud

Michigan should create a special authority devoted to targeting auto insurance fraud and require insurers to more frequently send ...

Ohio: Man Must Sue State to Fix Damage from Falling Concrete

A man whose car was damaged by concrete falling from a bridge just blocks away from where Cincinnati Bengals fans were tailgating will have ...

Conklin Named Ohio Insurance Department Legislative Liaison

Ohio Lieutenant Governor and Department of Insurance Director Mary Taylor has named Allison Conklin as the Department's legislative ...

Help Coming for Customers as PreferredOne Pulls Out of MNsure

Help will be available for consumers as PreferredOne, the largest provider of coverage for the first year of Minnesota's health insurance ...
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Southeast

Judge Approves $2.9 Million West Virginia Chemical Spill Deal

A federal bankruptcy judge has approved a $2.9 million settlement that would benefit 300,000 people whose water was contaminated in a ...

How South Carolina Has Changed Disaster Plans in 25 Years Since Hurricane Hugo

This weekend's 25th anniversary of Hurricane Hugo offers South Carolina residents the chance to remember the devastation wrought by their ...

Alabama City Employs Sting Operation on Uber Drivers

Tuscaloosa, Alabama police are using undercover operations to nab drivers with the Uber ride-sharing service. Police said Wednesday a ...
South Central

Slight Decline in Work-Related Deaths in Louisiana in 2013

The number of work-related fatalities in 2013 in Louisiana declined to 114, according to a preliminary count by the U.S. Bureau of Labor ...

Texas Sets Workers' Comp Weekly Benefit Rates for Coming Year

The Texas Department of Insurance - Division of Workers' Compensation announced that the workers' compensation state average weekly wage ...

Oklahoma Plating Company Fined $341.5K for Workplace Safety Violations

Pride Plating Inc. in Grove, Okla., was cited on Sept. 4 by the U.S. Department of Labor's Occupational Safety and Health Administration ...

Corps Wants Changes at Louisiana's Morganza Flood Control Structure

The U.S. Army Corps of Engineers will hold public meetings next week on plans to tweak the way the Morganza flood control structure is ...
West

Explosive Growth From California Wildfire Threatens Homes

An out-of-control wildfire that was threatening more than 2,000 homes in Northern California showed explosive growth, consuming tens of ...

Idaho Car Crash Caused by Burned Armpit Hair?

A SUV full of teenagers crashed in Idaho after one of the passengers lit the driver's armpit hair on fire with a lighter, authorities said ...

Workers' Comp Fraud Charges Filed on Utah

A Utah man who suffered a knee injury while working at the Montana State Prison is charged with defrauding the state worker's compensation ...

California Governor Signs Bill Earthquake Insurance Information Bill

Gov. Jerry Brown has signed Assembly Bill 2064, a bill aimed at changing the way Californians learn about earthquake insurance for their ...
International

Litmus Analysis' Shipperlee Explains Current Re/Insurance Ratings

As the former head of A.M. Best in London, and a senior executive with Standard & Poor's, Litmus Analysis Senior Partner Stuart Shipperlee ...

Competitive Pressures Mount for Reinsurers

Reinsurers are being squeezed by price competition and subdued demand from insurers for their products, and traditional mergers may not be ...

Aviva Sells Spanish Venture Stake after Tribunal OK's Deal

British insurer Aviva is selling its stake in joint venture CxG Aviva for €287 million ($369 million) to venture partner Novacaixagalicia ...

Willis Launches Medical Plans for Expat Employees

Willis Employee Benefits Limited, part of Willis Group Holdings plc, has partnered with Now Health International and Healix International ...

Swiss Re Eyes Specialty Lines to Counter Reinsurance Slump

Swiss Re Ltd., the world's No. 2 reinsurer, is cutting back on catastrophe coverage and moving into new lines of business as low interest ...

Swett & Crawford Expands Energy Practice Group

Swett & Crawford, headquartered in Atlanta, has formed a partnership with JH Blades, which will expand the capabilities offered by its ...
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Insurance Journal Blogs

TNC Battle Ends With Gov. Brown's Signature

Gov. Jerry Brown has lent his signature to compromise legislation that clarifies how and when transportation network companies are ...

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Insurance Journal TV

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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

Hookah Lounge w/ Liquor Liability
Posted: Fri Sep 19 -- the risk is located in California insguy12
Who's your favorite personal lines carrier?
Posted: Thu Sep 18 -- "I have four really good preferred carriers, but it seems that they are all very similarly priced on most of my new business... jtownagent
70 yr old trucker
Posted: Thu Sep 18 -- Depending on the state your looking for coverage in I would suggest Progressive for the coverage. I have a 72 year old with them for the... omegacsr
Media Liability for an Israeli Company
Posted: Tue Sep 16 -- Can anyone insure an Israeli based new/opinion website. Annual sales are at 2MM. Thank... InsureTime
Do you compensate producers on endorsements?
Posted: Sat Sep 13 -- Thanks for the reply! curve_1
Need policy for rented mobile home in WA
Posted: Fri Sep 12 -- try American Modern or Scottsdale. norkik
Cyber liability Insurance
Posted: Tue Sep 9 -- Next week we're hosting a webcast with one of our ad partners about presenting and writing cyber business. Probably worth a look. Josh

Reader Comments

Allianz to Assume Fireman's Fund Commercial Lines; Future of Personal Lines Uncertain
Posted: Wed Sep 17 -- I remember when the Fund was a large, capable carrier in the marketplace. They are only a shell now due to mismanagement over the course of... Agent
Alcoa, Others, Moving Some Retirees to Exchanges for Health Insurance
Posted: Fri Sep 12 -- EVERY major intelligence agency said that Saddam had WMD's, going all the way back to the Clinton era and prior to it. Saddam had a history... Louie
Parents of Colorado Theater Shooting Victims Sue Ammo Seller
Posted: Thu Sep 18 -- "Her parents are represented by attorneys for the Brady Center to Prevent Gun Violence and two Denver lawyers." This single sentence... 2lanelover

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