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Daily Headlines
October 13, 2015
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Today's Headlines


Surplus Lines Insurance Sees Moderate Growth Thus Far in 2015

Collectively, the 14 U.S. surplus lines stamping offices have reported moderate growth in surplus line premiums during the first half of ...

Gunmakers' Liability Shield Emerges as Issue in Democratic Presidential Race

Democratic presidential candidate Bernie Sanders on Sunday backed away from a controversial vote he cast in 2005 on legislation to grant ...
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CAMICO Launches Cyber Risk Program for CPA Firms

CAMICO, a nationwide CPA-directed program of insurance and risk management for the accounting profession, has announced CyberCPA to further ...

Why It's Important for Agents to Offer Consistent 'Touchpoints' for Clients

Most agents work hard to maintain strong relationships with clients, however, all too often business gets in the way. Agents need to take ...

Businesses Aren't Alone in Worrying About Cyber Risk

Joe Public has joined U.S. business owners in worrying about cyber risk more and more. Cyber-related concerns grew by more than 20 ...

From MyNewMarkets.com Florida Agent Creates New Policy to Fill Wind Insurance Coverage Gaps

Between deductibles, excluded losses, and difficulty accessing business interruption coverage, a business suffering hurricane losses can...
Carrier Management

Thoughts on Cleaning Up the Claims Department

It would be an understatement to say that the insurance industry has a few problems involving consumer loyalty, and...

Jurors in Dewey & LeBoeuf Criminal Trial Still Deadlocked on Most Counts

Jurors in the criminal trial of three former executives of bankrupt law firm Dewey & LeBoeuf, who are accused of defrauding lenders and ...

Delaware Judge Slashes $100M Boston Scientific Mesh Verdict to $10M

A Delaware judge on Oct. 9 said Boston Scientific should only have to pay $10 million to a woman originally awarded $100 million by a jury ...

EEOC Sues Penn.'s Open Records Office for Alleged Age Discrimination

The U.S. Equal Employment Opportunity Commission (EEOC) said on Oct. 7 that it has filed a lawsuit against Pennsylvania's Office of Public ...

N.Y. Gov. Cuomo: Denying Global Warming Isn't a Survival Plan

New York Gov. Andrew Cuomo on Oct. 8 joined government leaders worldwide in signing an agreement to help combat global warming and keep the ...

Capacity Group Buys Stake in Shriver Insurance Agency

The Capacity Group of Companies (Capacity) has acquired an ownership stake in Shriver Insurance Agency, headquartered in Elmhurst, Ill. As ...

Stewart Named Sr. VP at Great American Insurance

Great American Insurance Group, based in Cincinnati, Ohio, has named Chad D. Stewart senior vice president and chief information officer of ...

J.M. Wilson Adds Bolhuis as P/C Underwriter in Michigan

Wholesale insurance broker, J.M. Wilson, has added Kristin Bolhuis as a property and casualty underwriter in its Portage, Mich., office. ...

South Carolina Insurance Head Issues Emergency Orders for Storm Recovery

The South Carolina Department of Insurance (SCDOI) has issued two bulletins in an effort to aid with storm recovery efforts in the state. ...

Miami Insurance Agent Arrested $167K Overbilling Scam

The Florida Department of Financial Services' Division of Insurance Fraud (DIF) announced the arrest of Darley Caridad Carballeira, 50, for ...

U.S. Says CSX Missed Rail Defect Blamed For Oil Train Derailment

A fiery oil train derailment that forced the evacuation of hundreds of people in West Virginia last February was caused by a rail defect ...

North Carolina Drought Ends After Week of Heavy Rains

For the first time since May 12, North Carolina is free of drought. A map issued Oct. 8 by the state Drought Management Advisory Council ...
South Central

County Says Partial Settlement Reached in Texas Fertilizer Blast

A settlement was reached with families of some victims of a massive West, Texas, fertilizer explosion that killed 15 people and leveled ...

PARSONS Insurance Services Acquires Dallas-Based Alpha Insurance

PARSONS Insurance Services, a veteran owned national insurance MGA, has acquired the operations of Alpha Insurance Agency (AIA) in Dallas, ...

Demotech Assigns Financial Stability Rating of A to Allied Trust

Texas-based Allied Trust Insurance Co. has earned a Financial Stability Rating (FSR) of A, Exceptional, from Demotech Inc. This level of ...
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EPIC Enters into Strategic Transaction with Alliant in California

San Francisco, Calif.-based EPIC Insurance Brokers and Consultants announced a transaction of certain books of business to Alliant ...

University of Oregon Sorority Kitchen Worker Files Suit over Termination

A former kitchen worker at a University of Oregon sorority house is suing the Alpha Xi chapter of Kappa Alpha Theta over her alleged ...

Colorado Judge Approves $7M Award for Homes on Sinking Soil

A Colorado judge has upheld an arbitrator's award of more than $7 million to 20 homeowners at a golf course subdivision near Glenwood ...

California Commissioner OKs Metlife Ridesharing Insurance for Lyft Drivers

Lyft drivers have a new ridesharing insurance option covering all three ridesharing periods and offering liability coverage with the option ...
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Moody's Index Aims to Measure Economic Impact of Terrorism

Can the impact of terrorism on economic growth be measured? Moody's Investors Service has constructed a terrorism index to quantify the hit ...

Chinese Insurers Seek Strategic Tie-Ups, M&A to Tap Western Expertise

Chinese insurers are pursuing strategic tie-ups and outright M&A to tap Western expertise, keen for knowledge on products, pricing and ...

Emerging Economies to Face Difficult Stress Test: Willis Political Risk Index

"Syria, Venezuela and Zimbabwe top a list of 40 politically risky territories and destinations for foreign investment," according to a ...

Pension, Insurance & Sovereign Funds Scale Back Emerging Markets' Investments

Big pension, insurance and sovereign funds may be scaling back investments in emerging markets amid disappointing returns and a darkening ...

UK Regulator Looks to Change 'Culture' after Insurance Reporting Fiasco

The Financial Conduct Authority (FCA) has "deep cultural problems," a senior U.K. lawmaker Andrew Tyrie said after the regulator responded ...

ANV Appoints Helson as CEO for Lloyd's Business

Global specialty insurance group ANV Holdings BV announced the appointment of Janet Helson as CEO of the group's Lloyd's Managing Agency, ...

Canopius Appoints Bailey as Global Head of Accident & Health

Canopius Group AG* announced the appointment of Scott Bailey as global head of Accident & Health, effective immediately. Bailey will lead ...
Insurance Journal Blogs and Columns

Insurance Rules For Valuing Damaged Or Destroyed Property

Replacement cost does not mean what the client believes or has been told. Insureds assume replacement cost translates into new stuff for ...

Flood, Flood, or Flood: What Insureds Really Mean when they Report a 'Flood' Loss

"We've had a flood," says the insured. "Oh, no!" the agent says, "What happened?" What really happened, and the coverage implications of ...

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The Secret Sauce for Profitability

Pricing products and utilizing data efficiently is the "secret sauce" to profitability, says...
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NAS' Palotay: Point-of-Sale, not Stored Data, Riskiest for Retailers

In justifying a reluctance to purchase cyber insurance coverage for data breaches, many...

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New Discussions in the Forums

I was hired as CSR; now owner demands I be a producer
Posted: Mon Oct 12 -- Could be that the owner is a little lost and floundering around a bit. If you like working there otherwise, you might try being assertive by... superdash8
New Agency Management System
Posted: Fri Oct 9 -- gforaker - You are totally right, I didn't read the OP's post closely enough. Catalyst wouldn't be a good fit for a primarily commercial... Smalltownagent
Self Balancing Scooters - CA (GL needed)
Posted: Fri Oct 9 -- They are importing from China directly. NatashaGray
salary for large lines csr
Posted: Fri Oct 2 -- $247,853.49 Why, what are they paying you? Swymmer wlunday
1st Quality Insurance group
Posted: Fri Sep 25 -- I have information about this group. They are offering a "Virtual Franchise" which basically means that they provide all of the marketing,... Overlook53

Reader Comments

U.S. Senator from Nevada Suing Exercise Band Maker over Eye Injury
Posted: Sat Oct 10 -- Iam going to sue the maker of cleanex tissue I blew my nose and Ifell down and broke my neck.but you can do it only in the U.S.A. john bakker
A Guide to New Car Safety Technologies
Posted: Sat Oct 10 -- If you need these types of "improvements" in order op be a "safe" driver, maybe you shouldn't be driving at all. These things are simply... Former sports car racer
College Player Files $3M Claim with Lloyd's for Drop in NFL Draft
Posted: Tue Oct 13 -- Rosenblatt, I think it is called "discretionary" spending and would be a good thing and improve their image. Why do PGA tournaments give... Agent
What's Driving Surplus Lines Insurance Growth?
Posted: Tue Oct 13 -- That's the story of my life Agent. I have arguing about that for a long time. Many of the standard p&c companies are being headed by hedge... insurance_guy
A.M. Best Trend: Negative Insurer Ratings Outnumber Positive in 2015 First Half
Posted: Tue Oct 13 -- AM Best sure got it wrong on AIG, didn't they? They still had an A rating on their companies while the government was bailing them out to... Agent

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