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Daily Headlines
July 2, 2015
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Today's Headlines

National

BP to Pay $18.7B Over 18 Years to Settle Spill Claims with 5 States, U.S.

BP Plc has agreed to a preliminary deal in which it will pay a record $18.7 billion to settle claims by five Gulf states and the U.S. ...

DuPont Transfers Pollution Liabilities for 171 Sites to New Company Chemours

When DuPont Co. announced plans to spin off its major chemical operations in October 2013, it said the move would create a cash-generating ...

SkiSafe Expands Sailboat Coverage to Live Aboard Vessels

SkiSafe insurance has broadened its underwriting guidelines for its Sailboat Insurance program to provide coverage for sailboat risks with ...

Big ACE-Chubb Deal Triggers 'Feverish' Merger Speculation

Evan Greenberg just took dealmaking to the next level. The chief executive officer of property/casualty insurer ACE Ltd. on Wednesday ...

If Terminated After ACE Takeover, Chubb CEO Finnegan Due $93M

Chubb Corp. Chief Executive Officer John Finnegan could walk away with at least $92.7 million if he's terminated after ACE Ltd. acquires ...

From MyNewMarkets.com 10 Things to Know About Recreation & Leisure

Children ages 5 to 14 accounted for 52 percent of the football injuries treated in emergency rooms in 2012. - National Safety Council In...
Carrier Management

How They Stack Up: Analysis of Chubb's Future Position in P/C Product Lines

Just a little over six months ago, ACE announced a deal to acquire the high-net-worth personal lines business of...
East

Vermont Issues Bulletin on Price Optimization in Personal Lines Ratemaking

Vermont regulators issued a bulletin last week addressing the issue of "price optimization" in personal lines ratemaking. The Vermont ...

Alliant Insurance Services Acquires Preferred Concepts in New York

Specialty insurance brokerage Alliant Insurance Services announced today it has expanded its managing general agent (MGA) practice through ...

Hub International Acquires The HDH Group in Pittsburgh

Insurance brokerage Hub International Limited announced today its acquisition of Pittsburgh-based The HDH Group (HDH). Terms of the ...

N.H. Law Banning Drivers' Use of Hand-Held Devices Goes Into Effect

New Hampshire is now the 15th state to bar drivers from using hand-held cellphones while driving. The new ``hands-free" law, in effect as ...

Union Mutual of Vermont Cos. Promotes Amick to Assistant VP of Claims

Union Mutual of Vermont Companies promoted John Amick to assistant vice president of claims. He is based in Montpelier, Vermont. Amick ...
Midwest

Marsh & Mclennan Agency Acquires J.W. Terrill in Missouri

Marsh & McLennan Agency LLC (MMA), a subsidiary of Marsh, has acquired St. Louis, Mo.-based J.W. Terrill, one of the largest independent ...

Cummins Named Exec. Director of IICF - Midwest Division

Mary Cummins has been tapped to lead the Insurance Industry Charitable Foundation - Midwest Division. Cummins will serve as the group's ...

No Proof of Insurance Threatens South Dakota 4-H Rodeo

A rodeo for 4-H members scheduled for this weekend in northeastern South Dakota is in jeopardy because organizers have not submitted proof ...

Missouri Pair Sentenced to Prison for Arson, Insurance Fraud

Two men have been sentenced to federal prison for arson and insurance conspiracy after authorities say they conspired to burn houses they ...

Michigan-Based J.M. Wilson Promotes Gleason

Property/casualty insurance wholesaler, J.M. Wilson, based in Portage, Mich., has promoted Cheryl Gleason as Personal Lines manager. In ...
Southeast

Bill Allowing Uber to Stay in South Carolina is Officially Law

Uber is staying in South Carolina. After the transportation network company (TNC) was halted by the state's Public Service Commission in ...

Truck Driver in Deadly Tennessee Crash Cited in Florida Previous Day

Authorities say a truck driver who slammed into numerous stopped cars outside of Chattanooga, Tenn., last week, killing six, had been cited ...

Siegel Elected as President of the Independent Insurance Agents of Georgia

Andy N. Siegel, president of Siegel Insurance, Inc., a Trusted Choice insurance agency in Atlanta, was installed as president of the ...

West Virginia Lottery to Charities: Casino Night Fundraisers Are Illegal

West Virginia Lottery officials say ``casino night" fundraisers conducted by charitable organizations are illegal but the Lottery does not ...
South Central

Lighthouse Enters Texas Homeowners Insurance Market

Lighthouse Property Insurance Corp. (Lighthouse), with headquarters in Florida, began offering homeowners insurance and flood insurance ...

Texas Insurance Trade Group: Beware of July 4 Driving

Traffic records dating back 30 years continually list July 4 as the deadliest day to travel on our roadways, the Insurance Council of Texas ...

6 Arrested in Louisiana for Oakdale Arsons

A monthlong investigation by the Louisiana State Fire Marshal's Office into a string of fires in Oakdale has resulted in the arrest of six ...

Young Named Associate of the Year by Texas Agent Association

The Independent Insurance Agents of Texas (IIAT) named Wes Becknell, business development officer at AFCO in La Vernia, as its Young ...
West

California Insurance Guarantee Association in Whistleblowing Suit

Danny Ly, the former controller for the California Insurance Guarantee Association, has filed a lawsuit against the association that ...

Bill in California Responds to Cheerleader Lawsuits

They boost their teams from the sidelines and promote them by appearing in calendars and at fan events, but some sports cheerleaders say ...

Wyoming Governor Creates Panel to Assess Marijuana

Wyoming Gov. Matt Mead is creating a council to gauge the effects of marijuana usage in the state ahead of a push for a legalization ...
International

Reinsurance Industry Faces an Uncertain Future as Time Moves on

It's around two months until the annual Reinsurance Rendezvous in Monte Carlo, where the reinsurers, brokers, carriers, lawyers, ...

TransAsia Plane Crashed in February After Faulty Sensor, Errors by Pilots

A faulty connector sending inaccurate information and pilots mistakingly shutting down the wrong engine during a flameout led to the ...

Willis 1st View Reinsurance Report on Pricing Finds some Stabilization

According to the latest 1st View Renewals Report from Willis Re, the relentless "period of rate reductions" in reinsurance pricing shows ...

XL Catlin Appoints Plessis as Head of Emerging Markets

XL Catlin announced the appointment of Brendan Plessis to the newly created role of head of emerging markets. In this new position, Plessis ...

Beazley Launches Business Travel Insurance in Australia

Specialist insurer Beazley has launched its first international business travel insurance product in the Australian market. Beazley ...
Insurance Journal Blogs and Columns

BOPs Are Like Hospital Gowns - They Don't Cover You Fully

Businessowners Policies, traditionally referred to simply as "BOPs," were introduced in 1976 and significantly revised in 1987. The BOP ...

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Insurance Journal TV

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Big 'I', Trusted Choice Agents Team Up With Make-A-Wish Foundation

The Independent Insurance Agents & Brokers of America and Trusted Choice agents are big...
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IICF Woman in Insurance: Gender Diversity in the P/C Industry

In advance of the June 17 IICF Women in Insurance Global Conference, three senior executives...

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New Discussions in the Forums

Agency Management System
Posted: Tue Jun 30 -- Just my opinion, but avoid Quomation. I speak from experience. We've been using them for 6 years.....5 years running it locally and 1 year... ROI985
Becoming an underwriter
Posted: Tue Jun 30 -- I started my career on the agency side as a captive with Farmers Insurance. I then worked in two independent agencies (one a bank agency,... kevinraz
Is Google going to run the independent agent out of business
Posted: Mon Jun 22 -- vla01001 wrote: Why would a personal car insurance buyer need an agent? Couldn't agree more with Goldenarms... The general buying public... Shagster121261
distributor of medical supplies in Ca. GL
Posted: Mon Jun 22 -- "HOMED insurance program also writes medical suppliers and or distributors. They are admitted and write nationally. They have been doing... Shagster121261
QQ Bought By AMS Vertafore
Posted: Thu Jun 18 -- Not a surprise...except that it was Applied. I figured Semcat would get sued or hacked and go out of business. Sooner or later they would go... OldIndyAgent
Agency Management System
Posted: Mon Jun 15 -- I did look at Hawksoft, but it feels too old. We actually had a system when we first started. We ordered it from a company in Idaho. I dont... vla01001
EZLynx Management System
Posted: Fri Jun 12 -- It is my understanding the Semcat scrapes the carrier without most carriers consent. A clear issue of liability for the agent and a... OldIndyAgent

Reader Comments

Jury Awards $24M to Widower of Woman Killed in Florida Hotel Cabana
Posted: Mon Jun 29 -- Ummm, why was the drunk driver not found to hold 100% of the negligence in this case? Rosenblatt
Marriage Right Doesn't Protect Gays in Employment, Commerce or Housing
Posted: Tue Jun 30 -- Integrity, I would like to share a story with you on the wages of sin. It is kind of a joke, but serious as well. A man was obsessed with... Agent
Lloyd's Stops Insuring Marijuana Firms Due to U.S. Law Conflicts
Posted: Sun Jun 28 -- Did you catch the story from those businisses moved to Colorado recently because the got better motivated employees ? And did you forget the... hanspy
Lawsuits Filed Against Alabama Day Care Over Child Illnesses
Posted: Mon Jun 29 -- Perhaps they adopted the Michelle Obama lunch program. That would make any kid sick. Agent
6 Decisions Coming from Supreme Court Over Next Few Days
Posted: Thu Jun 25 -- Dear scotus, Just want to make sure you don't misinterpret some of the words being used in your upcoming rulings: In Gay Marriage, gay means... Jack Kanauph

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