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Daily Headlines
July 29, 2016
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Today's Headlines

National

Brokers Assess Current Construction Insurance Market: Thumbs Up

Amid ups and downs, the construction market has nevertheless enjoyed steady growth over the past four years. Now construction insurance ...

U.S. Moves to Guard Blood Supply After Reports of Zika Virus in Florida

The U.S. Food and Drug Administration has ordered all blood collection centers in Florida's Miami-Dade and Broward counties to stop ...
 
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Hazard Warnings: Who Should Be Warned to Do What and When?

A group of risk experts is proposing a new framework to improve the effectiveness of public warnings when a hurricane, wildfire, toxic ...

U.S., China Insurance Regulators Keep Open Dialogue

Regulatory representatives from the U.S. and China met this week to discuss issues facing their respective insurance markets. The meeting ...

Hartford Net Income Down 48% in Q2 on Weakened Underwriting Results, Investment Income

The Hartford reported net income of $216 million in second quarter 2016 ended June 30, a decrease of $197 million or 48 percent from second ...

Climate Change Modeling is Closer than You Think

For the last few years you got a common response from catastrophe modelers who advise the property/casualty industry when asked about ...

From MyNewMarkets.com General Star Expands Products Liability Appetite to 50 New Classes of Business

General Star Management Co. has added 50 classes for products liability offered by the Delegated Division, Contract P&C Unit. In...
Carrier Management

Insurer Risk Management: Time for the KISS Approach

Just about every insurance organization on the planet has a variety of siloed systems and methodologies in place to help...
East

Gunmaker Remington, Sued by Sandy Hook Victims, Wants Documents Sealed

A Connecticut judge will hear arguments on whether gun maker Remington Arms' company documents should be sealed from public view as it ...

Maryland Pays $50K in Death of State University Football Player

Frostburg State University says it will work to raise awareness of risks to student-athletes as part of a $50,000 state settlement in the ...

New York, Zipcar Agree on Damage Fees

New York's attorney general has reached a settlement with Zipcar Inc. over vehicle damage fees charged to 5,000 members from 2011 through ...
Midwest

Wisconsin Supreme Court Upholds Professional Liability 'Business Enterprise Exclusion'

The Wisconsin Supreme Court has put to a rest a case in which an insured alleged breach of faith when the insurance company that wrote his ...

Sued Over Injuries from Infected Corneas, South Dakota Eye Bank Denies Fault

A South Dakota-based eye and tissue bank says it isn't responsible for injuries caused by infected corneas that were shipped to the ...

NTSB: Parts of Plane that Crashed in Illinois Scattered Nearly a Mile

A National Transportation Safety Board preliminary report says a plane that crashed southwest of Chicago killing the pilot and setting a ...
Southeast

Florida Says Zika Mosquitoes Likely in State

Health officials in Florida on Friday reported the first cases of local transmission of the mosquito-borne Zika virus in continental United ...

Fire that Damaged Historic Georgia Courthouse Believed to be Arson

A fire that caused heavy damage to the historic courthouse in Macon County, Georgia, is being investigated as a case of arson. WSFA reports ...

North Carolina County Removing Thousands of Homes from Flood Zones

New maps for Dare County, North Carolina, are removing thousands of homes and lots from flood zones, creating a need to update local ...

Florida Business Owner Accused of Stealing $1M in Workers' Comp Scheme

Owner of a Fort Myers, Fla., staffing and payroll services firm was arrested in mid-July over the alleged theft of more than $1 million, ...

The Crichton Group in Tennessee Names Hite Partner, Vice President

The Crichton Group, an independent insurance agency in Middle Tennessee, has promoted industry veteran Dan Hite to the position of partner ...
South Central

San Antonio Specialty Foods Producer Fined $104K Over Working Conditions

Federal safety officials have cited a specialty food producer with 21 serious violations after receiving a complaint about unsafe working ...

Texas Regulators: Houston Attorney Pleads Guilty to Insurance Fraud

Texas officials say a Houston attorney has pleaded guilty at the conclusion of a multi-year investigation into a criminal organization that ...
West

CastlePoint National Conserved by California Regulator to Protect Policyholders

CastlePoint National Insurance Co., the sole remaining carrier member of the Tower Group, was placed into conservation on Thursday by order ...

California Jury Awards $16.3M to Family of Construction Worker

A Los Angeles jury has awarded $16.3 million to the family of a construction worker who fell to his death at a wastewater treatment plant. ...

Relatives of Rivera Entourage Get $70M Judgment in California

The families of four members of Jenni Rivera's entourage who were killed along with the Mexican-American superstar in a 2012 plane crash ...

Former California Insurance Commissioner Served During 'Crisis'

Wesley J. Kinder was a California insurance commissioner who served during a turbulent time. Kinder, a resident of La Habra, Calif., died ...
International

Swiss Re Q2 Profit Drops on Higher Natural Catastrophe Losses

Swiss Re AG, the world's biggest reinsurer, said profit fell in the second-quarter as the company paid more for catastrophe claims ...

Chubb Names Kessler as Chief Reinsurance Officer, Succeeding O'Farrell

Chubb Ltd., the insurer led by Chief Executive Officer Evan Greenberg, promoted Michael Kessler to chief reinsurance officer as William ...

AXA, Alibaba and Ant Financial Services Form Global Strategic Partnership

AXA, Alibaba and Ant Financial Services have formed a global strategic partnership to explore opportunities to distribute AXA's insurance ...

QBE to Supply General Insurance Products for Manulife Customers in Hong Kong

Manulife (International) Ltd. and QBE Hongkong & Shanghai Insurance Ltd. have formed an exclusive distribution agreement whereby QBE will ...

Generali Q2 Net Income Falls 6% on Low Interest Rates & Volatile Equity Markets

Assicurazioni Generali SpA, Italy's biggest insurer, said second-quarter profit fell 6 percent as low interest rates and volatile equity ...

AIG Offers Brexit Coverage in UK for Anxious Executives

American International Group is coming out with new Brexit coverage in the UK for anxious executives, barely weeks after the fateful ...
Insurance Journal Blogs and Columns

Can an Augmented Reality Game Lead to Legal Liability?

"Legally obligated," "legally responsible," "legally must pay," and "legally liable" are all insurance policy terminology referring to the ...

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Insurance Journal TV

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Huge Target for Cyber Breaches: Healthcare

The healthcare field is the number one target for cyber breaches and that's because healthcare...
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CEO Matt Miller on How Embroker Works and Why It's Needed

It seems here is a new insurance technology startup every week. One of the newest is Embroker,...

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New Discussions in the Forums

Social Media and its potential
Posted: Fri Jul 29 -- Depends on the business type, facebook is a good alternative for adwords in generating leads , instagram is great for selling products. ianhughes
Mortgage Advice
Posted: Fri Jul 29 -- As an American citizen, you are treated exactly the same as any foreign individual unless your married to an Australian citizen and your... ianhughes
aggregators or groups that specialize
Posted: Thu Jul 28 -- Depends on the state. I'm only familiar with California markets - Progressive (Drive), Foremost, Infinity, Kemper specialty, Mapfre... wariline
Download From IVANS Errors, Agents Fault
Posted: Thu Jul 28 -- I read this advert from IVANS and wondered if anyone really has this experience. Everything is flowers and sunshine... and if there is an... OldIndyAgent
AMS360 Classic View gone?
Posted: Tue Jul 26 -- Einstein - I've got no dog in this hunt but I have got to agree with Michael. I think speaking with him could very well be worth your while.... Croberts24
California WC for Roofer
Posted: Tue Jul 26 -- Hi Eric, I have access to a market that is looking for mostly commercial roofers in CA. If that is the case then you can send me an email -... dkelly
Client wnders why his HO premium went up
Posted: Fri Jul 22 -- Exactly. The company still took in more than they paid out. Bloodsuckers. wariline
Certs - when will agents all get on the same page
Posted: Thu Jul 21 -- Yep since 1984 I have given that speech a thousand times and a thousand times I get a COI request after the... longhaul

Reader Comments

Parents of Son Killed by Gator at Walt Disney World Won't Sue
Posted: Fri Jul 22 -- This family is to be commended for standing up and doing the right thing in this tragedy. It is a shame that there are not more people like... mrbob
Woman's Joplin Tornado-Related Suit Against Home Depot Tossed
Posted: Mon Jul 25 -- Guess co-defendant Mother Nature didn't have deep enough pockets... reality bites
Why Republicans' Plan to Rebuild a Glass-Steagall Wall Is Bad Idea
Posted: Fri Jul 22 -- Amen brother Jack Kanauph
Insurer to Pay $55K to Settle Free Speech Case Over Arrest for Painting U.S. Flag
Posted: Tue Jul 26 -- Most Americans are offended when anyone desecrates our flag and gets away with it. Agent
Western New York Man Hit by Police Cruiser Sues for $7 Million
Posted: Tue Jul 26 -- What a dirt bag piece of crap. Selling drugs, take off running and drop your gun. Then say the police used "too much force". LOSER. These... James

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