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Daily Headlines
October 24, 2014
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Today's Headlines

National

Chubb Reports 'Outstanding' Q3

Calmer weather, rate increases, high account retention and lower expenses powered The Chubb Corp. to a what the firm's CEO said was an ...

W.R. Berkley's Q3 Net Income Rises 37% to $189M

W.R. Berkley Corp. posted $188.54 million net income for its 2014 third quarter, a 37.7 percent increase from $136.97 million net income ...

XL North America P/C Names Nadeau As Chief Operating Officer

XL Group's North America Property & Casualty (NAPC) insurance business has promoted Donna Nadeau to the position of chief operating office, ...

MyPath Portal Aims to Attract Millennials to Insurance Careers

With the insurance industry employee base rapidly aging and retiring, a number of companies and organizations in the field have come up ...

Judge Questions NCAA's $75 Million Concussion Settlement

The National Collegiate Athletic Association's bid for preliminary approval of its proposed $75 million plan to settle nationwide ...

Video Game Teaches Kids About Money, Asset Protection and Life

If your kids are chattering non-stop about things like emeralds, pickaxes and creepers, you may have a unique opportunity to turn a video ...

Freedom Specialty, Pro-Praxis Unite for Healthcare Professional Liability

Freedom Specialty, an arm of Scottsdale Insurance Co., is partnering with healthcare underwriter Pro-Praxis, part of the Cooper Gay Swett & ...

From MyNewMarkets.com Brokers Willis, Miller Talk Merger of Wholesale Brands

Willis Group Holdings and Miller Insurance Services LLP are engaged in talks to merge their wholesale insurance businesses. The resulting...
Carrier Management

$100B Mega-Loss Could Soften Market Further: Willis

In a market report predicting that property insurance rates will decline further while casualty rates are sliding down...
WEDNESDAY - TRIA - Will it end? - Join Academy of Insurance for this live webinar
East

GAO Report Finds SBA Didn't Meet Timeliness Goal for Sandy Loans

A new report from the U.S. Government Accountability Office (GAO) has found that following Superstorm Sandy, the U.S. Small Business ...

Donegal Group's Q3 Net Income Rises 14% to $8.7M

Donegal Group Inc. in Marietta, Pennsylvania, today posted $8.749 million net income for the company's 2014 third quarter, a 14.3 percent ...

Judge Dismisses Mass. AG Coakley's Federal Housing Lawsuit

A federal judge has dismissed a lawsuit filed by Massachusetts Attorney General Martha Coakley against the Federal Housing Finance Agency ...

CDC 'Go' Team Sprints to New York as City Faces First Ebola Case

Start packing for New York, the "go" team from the U.S. Centers for Disease Control and Prevention was told. A doctor there was back from a ...
Midwest

Ohio Workers' Comp Bureau: Rates for Local Governments Falling

Ohio public employers applauded an average 9.1 percent reduction in workers' compensation rates for local governments that was approved by ...

Kansas Contractors Struggle to Find Skilled Workers

A survey finds that many Kansas contractors are having trouble filling skilled jobs in the construction industry. Ninety percent of the 20 ...

Lyft Agrees to Temporary Halt of Rideshare Service in Kansas City

Ridesharing company Lyft will temporarily stop operating in Kansas City, Mo. while it negotiates with the city over ways to allow it to ...

Big Money Spent on South Dakota Doctor Choice Ads

Activists on both sides of the "any willing provider" ballot measure that would give South Dakota patients more choice of in-network ...

RLI Launches Healthcare Liability Division

Specialty insurer RLI Corp. of Peoria, Ill., has launched a new healthcare liability unit, RLI Healthcare, and tapped Scott Ducey, former ...
Southeast

Mississippi County Expects Insurance to Cover $165K Embezzlement

Officials in Adams County, Mississippi are expecting an insurance policy to cover the $165,000 allegedly embezzled from its juvenile ...

Florida Is Hot Spot for Luxury Car Theft

Drivers of luxury vehicles in Florida should watch out. Their cars are the least likely in the U.S. to be returned if stolen. More than 25 ...

Florida's AssuredPartners Acquires Alabama's Turner & Hamrick

Agency acquirer AssuredPartners Inc. of St. Mary, Florida, has purchased the assets of Turner & Hamrick, LLC, headquartered in Troy, ...
South Central

Cocaine Residue Found on Arkansas Man's Insurance Card

Jonesboro, Ark., police have arrested a man who they say handed an officer an insurance card covered in cocaine residue during a traffic ...

Fireman: Trucker 'Zombie'-Like After Fatal Bus Crash

Russell Staley stared out his broken windshield as darkness engulfed him and firefighters bearing chain saws cut through fallen trees to ...

Ford Appointed to Texas FAIR Plan Governing Committee

Texas Commissioner of Insurance Julia Rathgeber appointed Christina Ford of Red Oak to the Fair Access to Insurance Requirements (FAIR) ...
West

Montana Jury Awards $4.3M in Train Crash Lawsuit

A Cascade County, Mont. jury has awarded $4.3 million in damages to a BNSF Railway employee who was injured in a July 2011 train collision ...

$28M Verdict Upheld in Wyoming Carbon Monoxide Case

A federal judge has upheld a jury's $28.2 million damage award to a woman who suffered a permanent brain injury from carbon monoxide ...

California Earthquake Authority Proposes to Lower Rates

The California Earthquake Authority on Thursday proposed an average 8 percent decrease in rates. CEA's Advisory Panel recommended the rate ...
International

AXA CFO Says Euro's Decline Against Dollar to Help Earnings

AXA SA's Chief Financial Officer Gerald Harlin said the euro's decline against the dollar should help earnings in coming quarters as ...

Weak El Nino May Form in Warmer-Than-Normal Pacific

A weak El Nino will probably develop by the year-end, according to MDA Weather Services. While sea-surface temperatures are warmer than ...

U.S., EU Urge More Policy Guidance, Specifics in UN Climate Report

The U.S. and European Union are pushing for a stronger explanation about the dangers of climate change and the consequences of failing to ...

Hacala Appointed Financial Institutions Practice Leader, Willis Canada

Willis North America, a unit of Willis Group Holdings, has appointed of Roger Hacala as senior vice president and financial institutions ...

Allianz Realigns Industrial Management, Launches Mid-Corporate Line

Allianz Global Corporate & Specialty SE (AGCS), the global industrial insurer of the Allianz Group, is expanding its Board of Management ...

LexisNexis and Jing You Plan China Joint Venture for Auto Carriers

LexisNexis Risk Solutions, a division of Reed Elsevier, plans to create a joint venture with Jing You, a private supplier of data, software ...
Insurance Journal Blogs

Burand's Agency E&O Blog: Tip #64

Confirmation That Suit Papers Have Been Received by the Carrier. While not an every day occurrence, most agencies receive suit papers from ...

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Insurance Journal TV

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Agency Aggregators, Clusters or Alliances

There are a number of factors to examine when an agency considers joining aggregators,...
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Swett & Crawford's New CEO: Thomas Ruggieri

Thomas P. Ruggieri will take over as the new CEO and president of the global wholesale and...

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New Discussions in the Forums

The next five years
Posted: Thu Oct 23 -- I don't want hard copies of policies!! I am a small 7 person agency and we went "less-paper" in 2007. We have no filing cabinets. I want... yoyowordup
Big Independent Group
Posted: Thu Oct 23 -- Not sure how new or authentic "insurancechange" really is or what their true motives are but BIG offers a great opportunity for... Fabian Serrano
HELP - Looking for MGA software
Posted: Wed Oct 22 -- I'm an MGA in San Diego. My clients are Real Estate Professionals. Agents, Brokers, Mortgage Brokers, Appraisers etc. for E&O. We have the... tjgalati
What's hot' right now.
Posted: Tue Oct 21 -- Are you serious? Insurers still have marketing reps? I thought that those positions went out about 25 years ago and that their "duties"... mightyquinn
Travelers reducing commissions
Posted: Thu Oct 16 -- One of the questions on the survey was: "What can we do to become a top three carrier in your office?" The obvious answer: "Compensate us... ins-atty
Best Ways to Market a Niche Program to Brokers
Posted: Wed Oct 15 -- Maybe a better approach to marketing your niche product would be to partner with some of the agent/broker associations to be their... sgoebel
Aggregator
Posted: Thu Oct 9 -- Are their any aggregators that don't charge a monthly fee? CoJones
Permanent Travel Trailer Help
Posted: Wed Oct 8 -- Hi Jay, I sent a message to you on this subject and look forward to your reply. Jeff jsbair
State Farm
Posted: Tue Oct 7 -- Yea.. I'm not looking to do that. But thanks anyway.. I've been on the captive and won't get back... CoJones

Reader Comments

10 Insurance Myths (Men Are More Likely Than Women to Believe 8 of Them)
Posted: Tue Oct 21 -- That's hilarious. No wonder most Republicans are men. They'll believe anything. Libby
Average Claims Experience Not Enough to Retain Customers: Accenture
Posted: Wed Oct 22 -- I have had customers with substantial claims go somewhere else at renewal. I asked them why and they feared a large rate increase for filing... Agent
Update on Ebola in U.S.: New CDC Protocols, Rapid Response Team, Czar
Posted: Tue Oct 21 -- "At the Catholic Conference Center in Dallas where Duncan's fiancée Louise Troh and the other three people closest to Duncan had been in... Realist
CDC Steps Up Ebola Risk Management, Names Expert Team for Hospitals
Posted: Fri Oct 17 -- Aren't you relieved to know we have a leftist lawyer who worked for Biden and Gore as our new Ebola Czar? Maybe he was the expert that... Agent

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