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Daily Headlines
May 1, 2015
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Today's Headlines


RIMS Report: Insurance Gamechangers Include Cyber, Talent, Data

Protecting clients against growing and poorly understood risks associated with information technology system failures is a leading concern ...

AG Lynch Urges Corporate, Government Cooperation to Fight Cybercrime

Attorney General Loretta Lynch this week urged greater cooperation between the government and private industry to combat computer hackers, ...

Judge Denies Daughter's Cuba Damages Claim Under TRIA for Father's Death

A federal judge who will sentence BNP Paribas SA Friday for violating U.S. sanctions against Sudan, Iran and Cuba on Thursday rejected a ...

Supreme Court Narrow Ruling Finds Elected Judges Aren't Politicians

Chief Justice John Roberts isn't a politician -- and he wants you to know it. That's the message of a surprising 5-4 decision issued ...

AIG's Commercial Lines Improves in Q1

American International Group Inc.'s reported  good news in its commercial lines business during the first quarter that was partially ...

Kinsale Introduces Law Enforcement/Police Professional Liability Product

Kinsale Insurance Co. has launched a new law enforcement/police professional product. Eligible accounts include boroughs, cities, counties, ...

AIG Enhances Cybersecurity Services for Cyber Risk Management Program

American International Group has formed new partnerships with cybersecurity experts to expand the risk mitigation and prevention services ...

Mayweather-Pacquiao Boxing Match Tests Media Copyright

With the biggest boxing match in years just days away, the fight to keep it off illegal streaming sites is well under way. HBO, Showtime, ...

From MyNewMarkets.com Great American Expands Capacity for Pollution Products

Great American Insurance Group has expanded its complete pollution product line policy aggregate limits of liability to $50 million per...
Carrier Management

Preparing Your Organization for Digital Transformation

There is little consensus in the insurance industry on what exactly is included in "digital strategy." Most insurers...
On Demand Webinar: The Proper Care and Feeding of Certificates of Insurance. Click here for more information.

Sony, Zurich Reach Settlement in PlayStation Data Breach Case in New York

Sony Corp. of America and Zurich American Insurance Co. have reached a settlement in a commercial general liability (CGL) policy coverage ...

Report: 50 Massachusetts Workers Died on the Job in 2014

Fifty workers died from injuries on the job in Massachusetts last year. That's according to a report released Tuesday by the Massachusetts ...

ACLU of Rhode Island to File Lawsuit on Behalf of Medical Marijuana Users

The American Civil Liberties Union of Rhode Island says it is filing a lawsuit against a major Rhode Island employer on behalf of a medical ...
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Arthur J. Gallagher Acquires Midwest Healthcare Consulting Firm

Itasca, Ill.-based Arthur J. Gallagher & Co. has acquired Integrated Healthcare Strategies located in Kansas City, Mo., and Minneapolis, ...

Detroit Mayor Says Plan Would Lower Car Insurance Cost

The mayor of Detroit says he'll ask state lawmakers to approve a car insurance program that would lower rates for city residents. Mayor ...

Illinois' Madison County a Center for Asbestos Lawsuits

Few of the tourists who drive old Route 66 through this rural Illinois town are aware of its true economic engine: a booming business in ...

Indiana Township Gets Tornado Siren with Girl Scout's Help

A small township east of Indianapolis has its first tornado siren thanks to the efforts of a Girl Scout. WISH-TV reports the siren was ...

Arbitrator Says Disney Must Rehire Workers Fired for Refusing to Wear Dirty Costumes

Walt Disney World must rehire three performers who were fired when they refused to wear soiled spandex unitards as part of their costumes ...

South Carolina Prosecutors: DUI Cases Should Rely Less on Police Video

South Carolina prosecutors want state law to de-emphasize video in drunken driving cases, saying too many are being dismissed because of ...

Georgia Sperm Bank Responds to 'Baseless' Donor Misrepresentation Lawsuit

A Georgia-based sperm bank said in a court filing this week that a lawsuit accusing it of misrepresenting the medical and social history of ...

A.M. Best Revises Outlook to Stable for Georgia Farm Bureau Group Members

A.M. Best has revised the outlook to stable from negative and affirmed the financial strength rating of B+ (Good) and the issuer credit ...

Family of Paralyzed Florida Teen Will Get $3.5M Settlement From New Law

The family of a Jacksonville teenager who was left paralyzed by a falling tree limb will receive a $3.5 million settlement under a bill the ...
South Central

Ethics Case Against Former School Board Member Tied to Insurance Consultant

Former Lafayette Parish School Board member Mark Cockerham is facing a violation of state ethics laws. The Louisiana Board of Ethics says ...

Oklahoma High Court Won't Hear Challenge to Work Comp Alternative

The Oklahoma Supreme Court has declined to take up a case challenging the constitutionality of the portion of the state's workers' ...

Louisiana Senate Committee OKs Medical Marijuana Bill

Louisiana law enforcement associations have previously blocked efforts to get medical marijuana to patients who suffer, despite a 1991 ...

Oklahoma Ban on Texting and Driving Goes to Governor

Oklahoma is in line to become the 46th in the nation to pass a ban on texting and driving. A bill passed on April 29 by the House goes to ...

California Jury Awards Woman $13M For Asbestos Exposure From Talcum

A Los Angeles, Calif. jury has awarded $13 million to a 73-year-old woman who contracted a deadly disease from using asbestos-containing ...

Data Stolen on 900 Southern California Mental Health Patients

Authorities say personal information on 900 Los Angeles County mental health patients was stolen but it's unclear if any of it was misused ...

Several California Hospitals Given Low Patient Safety Grades

Nearly 40 percent of California hospitals earned low ratings for patient safety in a recent national assessment. The Los Angeles Times ...

New Mexico AG Says Uber, Lyft Drivers Need Drug Testing

Drivers of ridesharing services Lyft and Uber in New Mexico should face strict drug testing requirements like taxi drivers and keep ...

2 Lawsuits Over 2013 Arizona Wildfire Dismissed by Judge

Two lawsuits filed against Arizona by homeowners whose properties were destroyed by the Yarnell Hill Fire have been dismissed. A Maricopa ...

ICW Group in California Names Engell Head of Data And Analytics

San Diego, Calif.-based ICW Group Insurance Cos. in California has named Danny Engell vice president of enterprise strategic planning and ...

Nepal Quake Death Toll Exceeds 6,200; Rebuilding Costs Rise to $2B

The death toll from Nepal's devastating earthquake rose steadily past 6,200 on Friday as fresh aftershocks and the stench of rotting bodies ...

Uber's Office in Southern China Raided by Government: Xinhua News Agency

Authorities in the southern Chinese city of Guangzhou have raided the local office of online ride-hailing service Uber on suspicion of ...

Aon Reports $328M in Q1 Net Income, Compared to $325M in Q1 2014

Aon plc reported net income attributable to Aon shareholders of $328 million, or $1.14 per share, compared to $325 million, ...

Statement of XL CEO McGavick on Closing of Merger with Catlin

XL Group plc CEO Mike McGavick has issued the following statement upon the closing of the acquisition of the Catlin Group by XL. Dear ...

U.S., Canada Ready Oil Train Safety Measures

Canada's transport minister will be in Washington on Friday for a joint announcement with her U.S. counterpart aimed at harmonizing safety ...

U.K. Intermediaries Hyperion and R K Harrison Complete Merger

London-based intermediaries Hyperion Insurance Group Limited* and R K Harrison Holdings Limited (RKH) have completed the merger of their ...

Catlin Announces 'Scheme of Arrangement' with XL has Become Effective

The Bermuda-based Catlin Group Limited announced that the "scheme of arrangement under section 99 of the Companies Act 1981 (as amended), ...

Europe Calls for Tougher Limits on Super Greenhouse Gases (HFCs)

The European Commission on Thursday called for a tougher U.N. Montreal Protocol to protect the ozone layer by curbing super greenhouse ...

Validus Reports $173.4M Q1 Net Income, Up From $162.4M in Q1 2014

Bermuda-based Validus Holdings Ltd. reported net income available to Validus of $173.4 million, or $1.98 per diluted common share, for the ...

Roscoe Appointed Head of London and European Broker Relations for Beazley

Specialist insurer Beazley has appointed Will Roscoe to head the company's broker relations activity in the London and European markets. ...

Aspen Re Appoints Parker and Wedlock Within Asia Pacific Region

Aspen Re, the reinsurance segment of Aspen Insurance Holdings Limited, announces the appointments of Andrew Parker as head of its ...
Insurance Journal Blogs and Columns

Detroit Mayor's Insurance Plan Crashes Head-on into Reality

We have seen over and over the folly of government-run insurance schemes. Whether it's the National Flood Insurance Program, the Federal ...

Flood, Flood, or Flood: What is Really Meant When a 'Flood' Loss is Reported? - Part I

Part I "We've had a flood," says the commercial insured. "Oh, no!" the agent says as he quickly reviews the file documentation to confirm ...

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What Agents Think About Google Compare

The independent agency system is no stranger to competition. But one new competitor in the...
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D&O Market Developments

Insurance Journal recently spoke with James Skarzynski, chairman of the law firm Skarzynski...

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New Discussions in the Forums

Single Level Apartment Building in Shambles
Posted: Fri May 1 -- Ideas? 6 apartments, bad paint, roof bending in on one side, no intentions of repair. But he's a huge client with a lot of other great risks... ashleym
Agency Management System
Posted: Thu Apr 30 -- I've spoken to several agencies that went with Quomation as a rater and added the agency mgmt system when it become available (solely... Lookcloser
Can anyone vouche for Noodle, Smart Choice, Agent Secure?
Posted: Thu Apr 30 -- We had a terrible time with Smart Choice. I merged with another broker and could not get a Safeco appointment because of Smart Choice.... dukekneeland
Medical Marijuana WC in CA
Posted: Tue Apr 28 -- I need a market for the following class codes which were provided by the WCIB. Markets wanted other than State Fund. Marijuana Growers: 0035... InsureTime
EZLynx Management System
Posted: Tue Apr 28 -- We looked at that as well. IMHO, HUGE problems with liability and storing my data on third party servers, etc. What happens with a breach on... OldIndyAgent
Brand new agent starting up a retail front
Posted: Thu Apr 23 -- Without a little more information, it's difficult to recommend a starting place. I can say though that for myself, I started my risk... sdveteran
is a physical exam necessary before taking life insurance?
Posted: Tue Apr 21 -- A friend of mine was applying for a life insurance policy and had an exam done and the doctors ended up finding bladder cancer. Made it... goldenarms123
Moving from one insurance affiliate to another?
Posted: Thu Apr 16 -- I will definitely be consulting with a lawyer soon. Thank you for the replies. It also states I may not solicit... d's insurance store
NAA- scam? Amway Life? MLM organization with no residuals
Posted: Thu Apr 16 -- I recently posted on ripoff report about NAA after learning of how I was to be paid by these people. I contacted the carriers and asked... pagepirate

Reader Comments

Governor Signs Bill Allowing Guns in Tennessee Parks
Posted: Wed Apr 29 -- I'm not worrying about criminals. I worry about people with guns. ComradeAnon
Connecticut Governor Creates Climate Change Panel
Posted: Fri Apr 24 -- Well, this dude is running for President so he needs to be as goofy as Obama on Climate Change. Maybe he can order all the citizens to drive... Agent
Medical Marijuana Discussion Comes to the Texas Legislature
Posted: Wed Apr 29 -- Ron, I don't think many in Texas thinks they have an oppressive state government. By the way, our legislature is rolling back the sales tax... Agent
Earth Day, Climate Change and Drought
Posted: Mon Apr 27 -- KY, do you blame him from leaving? I wonder where all those dope heads will go to find another job in Colorado. By the way, Texas has been... Agent
California Pot Dispensary Owners Nabbed For Workers’ Comp Fraud
Posted: Wed Apr 29 -- Shocking! Drug dealers skirting the law! Ned

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