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Daily Headlines
October 23, 2014
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Today's Headlines


Global Regulators Set Capital Rules for 9 Too-Big-to-Fail Insurers

Nine too-big-to-fail insurers, including American International Group Inc., Allianz SE and MetLife Inc., must start reporting capital ...

Some Insurers Exclude Ebola; Others Offer New Products

As fear of Ebola infections spreads to developed economies, U.S. and British insurance companies have begun writing Ebola exclusions into ...

NHTSA Apologizes for Troubled Website, Bulletin on Airbag Defects

The National Highway Traffic Safety Administration botched its effort to inform the public about a potentially lethal air-bag defect, ...

Chairman of Key House Committee for Insurers Could Face Challenge

House Financial Services Committee Chairman Jeb Hensarling is facing a long-shot challenge to his chairmanship from an Oklahoma Republican. ...

Climate Change Report Slams Insurers for 'Profound Lack of Preparedness'

A report on the insurance industry released Wednesday shows "a profound lack of preparedness in addressing climate-related risks and ...

From MyNewMarkets.com Ex-U.S. Security Chief Ridge, Guy Carpenter, Lloyd’s Launch Cyber Policy

Reinsurance specialist Guy Carpenter & Co. is launching a new cyber privacy and network protection product with Ridge Insurance...
Carrier Management

Rate Hikes Barely Keeping Up With Loss Costs: ACE CEO

After reporting a third-quarter combined ratio nearly 14 points below breakeven, and just about equal to the figure...
WEDNESDAY - TRIA - Will it end? - Join Academy of Insurance for this live webinar

NYC Mayor: Sandy Home-Repair Program Working Better After Overhaul

A program to help New York City homeowners with Superstorm Sandy home-repair efforts has made progress following an overhaul, and is aiming ...

Employers Hires Hanover's Collins as East Regional Sales VP

Employers Holdings Inc. in Reno, Nevada, has hired Martha Collins as vice president, regional sales for the eastern region that includes 16 ...

Delaware Commissioner Urges Treasury to Reconsider MetLife's SIFI Designation

Delaware Insurance Commissioner Karen Weldin Stewart has recently sent a letter to U.S. Treasury Secretary Jacob Lew and other federal ...

UPenn's Interdisciplinary Research Seeks to Track Ambler's Asbestos Legacy

Joe Amento, a lifelong resident of Ambler, Pennsylvania, was 53 when he died of a rare cancer with one main cause -- exposure to asbestos. ...

Horse and Buggy Crashes Decline but Still Deadly in Lancaster County, Penn.

Nothing says ``Lancaster County" in Pennsylvania like the sight and sound of a lathered horse pulling a square, black buggy down the road. ...
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Minnesota Seeing More, Costlier Farm Equipment Accidents

Increasingly large farm machinery is causing more costly and potentially dangerous collisions with power lines and poles, rural Minnesota ...

Michigan AG Says Settlement Reached in Propane Overcharges Suit

A settlement has been reached between Michigan and a propane supplier over high prices charged to customers trying to heat their homes ...

Former Claims Adjuster Must Repay Farm Bureau $20K in Kansas Fraud Case

A former insurance adjuster was sentenced to probation and ordered to pay $20,000 in restitution for insurance fraud involving wrecked ...

8 CAA Members Elected to Board of Kansas Agents Group

Combined Agents of America LLC (CAA) announced that eight of its members and agents were elected to the 2015 Kansas Association of ...

Florida Gov. Scott Seeks Insurance Agents' Help to Get Out Vote

Florida Governor Rick Scott is urging insurance agents to do their part to get out the vote as the state's gubernatorial campaign enters ...
South Central

Jury: Texas Company Should Pay $175M in Guardrail Case

A jury has decided that a Texas company should pay $175 million in a case involving the safety of thousands of guardrails on highways ...

Texas Cotton Farmers Say Farm Bill Provision Saves Crop Insurance

Texas cotton producers say they are pleased to learn the U.S. Department of Agriculture has reconsidered its decision about implementing a ...

$13M in Tulane University Katrina Aid Questioned

The inspector general for the U.S. Department of Homeland Security says federal emergency officials should recover nearly $13 million in ...
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Mercury Agrees to Acquire Workmen's Auto Insurance in California

Mercury General Corp. has entered into a definitive agreement to purchase of Workmen's Auto Insurance Co. Both insurers are based in Los ...

Workers' Comp Study Looks at California's Reforms

When California Senate Bill 863 took effect Jan. 1, 2013, it created several fee schedule changes in the California workers' compensation ...

Prinzing Joins Leavitt Group in Montana

Nick Prinzing has joined Leavitt Great West Insurance Services in the Great Falls, Mont. location and will focus on employee benefits. ...

Suhr Names Dershimer Vice President of Employee Benefits in California

Suhr Risk Services has named Jed Dershimer vice president of employee benefits in San Jose, Calif. Dershimer previously worked at Hays ...
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Ebola 'Tipping Point' Could Come By Late January, Reports RMS

The Ebola virus disease outbreak in West Africa has the potential to be the most deadly infectious disease event since the 1918 flu ...

Early Insured Loss Estimates on Hurricane Gonzalo Up to $400M

Early estimates by catastrophe modeling firms indicate insured losses from Hurricane Gonzalo in Bermuda will come in between $200 and $400 ...

Nissan Expands Global Recall by 260,000 Vehicles

Nissan Motor Co. expanded a global recall of cars using Takata Corp.-made air bags, which have been linked to four deaths in Honda Motor ...

Russia Air Safety Record Near Bottom of Global League

Regardless of who is to blame for the death of Total's boss at the Moscow airport favored by President Vladimir Putin, it reinforces an ...

Kempthorne Named Chair of Global Federation of Insurance Associations

The Global Federation of Insurance Associations (GFIA) has announced the appointment of Governor Dirk Kempthorne as its new chair, for a ...
Sponsored Content

Atlantic Specialty Lines Hires Personal Lines Producer, Rob Hardway

Austin, TX, October 23, 2014- Atlantic Specialty Lines (ASL), a wholesale broker and specialty lines MGA offering a variety of property, ...

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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

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
The next five years
Posted: Wed Oct 22 -- I don't know what universe you are living in but our clients do not want paper policies and none of our carriers issue paper policies. We... mightyquinn
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
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

'More Stringent' Ebola Safety Guidelines In the Works; Travel Ban Debated
Posted: Mon Oct 20 -- it is INSANE how people are making Ebola out to be the greatest threat to our safety and health, when one person has perished on US soil. I... Rosie
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
Computer Model Predicts 2 Dozen Ebola Cases in U.S. This Month
Posted: Thu Oct 16 -- I am glad to here our President is spending the day with experts and working on a plan to manage the issues posed by the Ebola issue. I just... Rosie
Florida County Not Liable for Boy's Death on Beach
Posted: Thu Oct 16 -- Although tragic, it is nice to see common sense prevail for once. The parents' attorney should go after the driver - if need be - instead of... Scott
CDC Steps Up Ebola Risk Management, Names Expert Team for Hospitals
Posted: Thu Oct 16 -- Captain: 5 other Ebola patients were transported to the U.S. for treatment and there was not transmission of the disease. Only in Texico... libby

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