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Daily Headlines
May 27, 2016
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Today's Headlines

National

NOAA's 2016 Atlantic Hurricane Season Forecast: 45% Chance of Near-Normal; 30% Above Normal

Forecasters at NOAA's Climate Prediction Center say the 2016 Atlantic hurricane season, which runs from June 1 through November 30, will ...

With Hurricane Season About to Open, Forecasters Already Eyeing East Coast

When the Atlantic  hurricane season starts next week, the most active area might just be off the U.S. East Coast. At this time of year, ...

Liability Insurer Accuses Surgical Robot Maker of Hiding Injury Claims

It's health insurers' cardinal rule: disclose pre-existing conditions. Now comes a case in which that familiar decree involves not a ...

Jury Sides with Google; Oracle Loses $9 Billion Copyright Claim

Google won a jury verdict that kills Oracle Corp.'s claim to a $9 billion slice of the search giant's Android phone business. Oracle ...

XL Catlin Adds Rectification Expense Coverage to Contractors' Policies

XL Catlin's Environmental insurance business has added new protection to its Contractor's Professional and Pollution Legal Liability ...

What University of Washington's Climate Risk and Insurance Summit Has in Common with Paris

It may not be a climate change summit for the ages like last year's Paris meeting in which world leaders hashed out a historic agreement ...

The Unpleasantness of Selling and Buying Insurance

Do you have a minute to talk about your death? It isn't easy to sell life insurance. Investing in a mutual fund, you feel like you're ...

From MyNewMarkets.com Report: Healthy Workers' Compensation Market Facing Serious Setbacks

The workers' compensation market is healthy and robust. It's both competitive and profitable. That's good news for business owners, the...
Carrier Management

Are Carriers Facing a Paper Bias for Notices of Cancellation and Nonrenewal?

The insurance industry has been notoriously slow to fully embrace electronic forms of commerce and there may be good...
East

USAA to Close Wealth Management Office in Philadelphia

The United Services Automobile Association (USAA) will close a wealth management office located in Philadelphia, effective July 19, ...

PIANY's Priority Legislation Introduced to Address CE Requirements

The Professional Insurance Agents of New York State Inc. (PIANY) said New York State Assembly has introduced a PIANY-drafted bill (A.10378) ...

New York Police to Step Up Enforcement Over Memorial Day Weekend

The New York State Police and local law enforcement statewide will be stepping up patrols to combat drunk and impaired driving this ...

New York Bill Aims to Expand Contraception Insurance Coverage

Advocates, lawmakers, and physicians are calling for the passage of a bill that would provide insurance coverage for all FDA approved ...
Midwest

Missouri Insurance Regulator: Aetna/Humana Plan Would Limit Competition

Missouri's insurance department has dealt a setback to a proposal by the nation's third-largest health insurer to buy another insurance ...

North Dakota Governor: Oil Industry 'Solid'

North Dakota Gov. Jack Dalrymple told industry and government officials on May 25 that the state's unprecedented oil boom that made it the ...

Indiana Department of Insurance Approves Anthem's Cigna Acquisition

The health insurer Anthem Inc. announced it has received approval from Indiana Department of Insurance Commissioner Stephen W. Robertson ...

Medical Marijuana Legalization Bill Closer to Passage in Ohio

A proposal to legalize medical marijuana in Ohio has squeaked through a critical Senate panel over opposition of some Republicans and ...

Stortzum Joins Alliant's ProQuest Division in Chicago

Lawyers professional liability specialist Nate Stortzum has joined the ProQuest division of Alliant Insurance Services as vice president. ...
Southeast

Judge: Plaintiffs in University of Tennessee Discrimination Suit Owed $460K in Fees

A federal judge has recommended that former Tennessee associate director of sports medicine Jenny Moshak and two ex-Lady Volunteers ...

Hurricane Center Updating Storm Surge Maps for North Carolina's Outer Banks

New storm surge maps for the Outer Banks of North Carolina will be available this summer. The Virginian-Pilot of Norfolk reported that the ...

Early Season Storm Could Roil Southeast Coast's Memorial Day Weekend

A storm that would be named Bonnie threatens holiday cookouts and celebrations along the U.S. coast from North Carolina to Georgia over the ...

Unsealed Records Show Drug Firms Flooded Rural West Virginia With Painkillers

Information about pill shipments that prescription drug distributors being sued by the state had sought to keep secret show that the firms ...
South Central

Texas' Coastal Wind Insurer Expects $4.9B in Funds for 2016 Hurricane Season

While its reinsurance plans for the 2016 hurricane season haven't yet been nailed down, Texas' insurance company of last resort for wind ...

Flooded Homeowners Allege Negligence in Suit Against City of Houston

A citizen's group and homeowners who have recently suffered repeat flood damage sued Houston, Texas, in federal court, alleging the city ...

Arkansas Court Backs $3M Judgment Against Gerber over Workers' Time

Arkansas' highest court says a baby food manufacturer must pay more than $3 million to workers for the time they spent dressing and ...

Oklahoma Insurance Regulators: No Authority to Approve ACA Rate Hikes

The Oklahoma Insurance Department does not have statutory authority to approve or deny rate increases filed by insurers on the federal ...

Sanchez Appointed Vice President at Texas-Based LevelFirst

LevelFirst, the wholesale broker and MGA binding facility owned by IIAT Services Co., has named Kelley Sanchez as vice president. Sanchez ...
West

Heffernan Names Northington Assistant Vice President in Southern California

Heffernan Insurance Brokers has named Paula Northington assistant vice president of employee benefits in its Orange County, Calif. office. ...

California School District Aide Busted for Felony Workers' Comp Fraud

An employee of a Southern California school district has been arrested on charges of workers' compensation fraud for allegedly racking up ...

RIC Names Dahl Personal Lines Manager in Nevada

RIC Insurance General Agency Inc. has named Gary Dahl its personal lines manager. Dahl will be based at RIC's Reno, Nev. office and will ...

Ironshore Names Houvenagle Wholesale Branch Executive for West Coast

Ironshore Inc. has named Tara Houvenagle wholesale West branch executive for the Western region. Houvenagle, who is based in Ironshore's ...
International

Credit Suisse Sells Operational Risk Bonds, Insuring Rogue Trading, Cyber Crime

Credit Suisse Group AG sold 220 million Swiss francs ($222 million) of bonds designed to offload potential losses on events like rogue ...

Hackers Target SE Asian Banks, Revealing Campaign Against SWIFT Network

Investigators are examining possible computer breaches at as many as 12 banks linked to SWIFT's global payments network that have ...

Travelers & Novae Join Lloyd's Construction Consortium; Capacity Rises to $320M

Two insurers, Travelers and Novae, have joined the Construction Consortium at Lloyd's to offer greatly increased underwriting capacity for ...

AXA Sells SunLife, Names Top Team Including Harlin as CFO, Olivier to Lead P/C

AXA SA sold its SunLife unit in the U.K. to Phoenix Group Holdings and announced the top-management team that will work with incoming Chief ...

Towergate Launches Specialty London Markets U/W Division; 2 DUAL Execs Hired

Towergate Underwriting has formed a Specialty London Markets underwriting division, by hiring two market leading talents in this important ...

Ropner Insurance Services Appoints 6 New Brokers as Part of Ongoing Expansion

Ropner Insurance Services Ltd., the Lloyd's and London market broker, has appointed six new brokers as part of its ongoing expansion, ...

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The Impact of Technology on Claims Handling in Healthcare Organizations

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How Lloyd's Is Tackling the Insurance Industry's Diversity Problem

The struggle for diversity and new talent in the insurance industry is no secret, but not...

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New Discussions in the Forums

CPCU 530 Multiple Choice
Posted: Thu May 26 -- Yes I just took it last week. It is similar to any multiple-choice exam from the AICPCU where you have 2... AssociatePI
Agency Management System
Posted: Wed May 25 -- Hey Insurance@Marshall, Regarding reports, curious to know what type of metrics are most important/would you require to be shown in a... davidcanary
Brokerage Options (Minnesota)
Posted: Mon May 23 -- We are looking to become part of a brokerage in our area (Minnesota). I have researched the following companies: 1. SmartChoice (discussing... mninsuranceagent
Attorney considering CPCU- thoughts?
Posted: Tue May 17 -- Definitely go for it! Especially since the CPCU 530 is one of the more difficult... AssociatePI
CPCU - Worth it right now?
Posted: Tue May 17 -- Hey Armanis500, here's some CPCU 530 case studies and practice exams and... AssociatePI
Intro to Insurance courses - New employee
Posted: Wed May 11 -- Have you checked out the Academy of Insurance (through the Insurance Journal)? They have some great webinars, including beginner... jcardrant
Farmers - your opinion
Posted: Mon May 9 -- I started out life with the Farmers Insurance Group company lies before going I/A. As an Insurance company they do an... gregcw

Reader Comments

New York Health Insurers Propose Hikes for Individual, Small Group Rates
Posted: Fri May 20 -- who would have guessed this? FFA
Jury Rules Cinemark Theaters Not Liable in 2012 Colorado Movie Shooting
Posted: Fri May 20 -- Glad to see a jury that can think past the pain and analyze the true issues. I am truly sorry for the lose and pain that the plaintiffs... mrbobf
Allstate Debuts Insurance Coverage for Homeowners Sharing Their Homes
Posted: Thu May 26 -- Here we go again with your goofy remarks, Agent. You're obviously and clearly not familiar with how AirBNB works. UW is spot on here. Mark
Report Calls Out Insurers for Half-a-Trillion Dollars in 'Dirty Energy' Investments
Posted: Wed May 25 -- Also by solar, wind, etc., which would be much more prevalent if oil companies, the politicians in their pockets, and the liars--like... UW

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