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Daily Headlines
October 27, 2016
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Today's Headlines


Coastal Wetlands Found to Reduce Hurricane Property Damage by 10%-30%

Coastal wetlands provide important natural protection during hurricanes. How much? Natural habitats reduced property damage by about $625 ...

What to Expect in Commercial Insurance Pricing in 2017

The marketplace for commercial insurance will continue to favor insurance buyers in 2017, particularly those with strategic risk management ...

Homeowners Insurance Claims, Loss Costs Declining, LexisNexis Report Finds

A study of home insurance trends reveals good news for home insurance carriers: homeowner claims continue to decrease and loss costs are ...

Berkshire Hathaway GUARD Adds Miscellaneous Professional Liability Coverage

Berkshire Hathaway GUARD Insurance Companies has launched a miscellaneous professional liability policy in New Jersey with expansion into a ...

Willis Towers Watson Makes Additional Senior Management Changes

Willis Towers Watson has announced additional leadership changes one day after confirming that Dominic Casserley, president and deputy CEO ...

From MyNewMarkets.com Study: Why Businesses Don't Buy Cyber Coverage

The cost of a typical cyber breach to an American company is much less than has been generally estimated, providing one possible...
Carrier Management

An Accident of the Rating Process: Allstate's Cure Explained

In Part 1 of this article series, I described cost-based pricing used by actuaries, which includes business...

Lifeguards Knew of Danger at New Jersey Beach Years Before Man Drowned

Lifeguards said they knew of potentially deadly conditions at their beach for at least six years before a man drowned when the sand gave ...

New York Man Previously Acquitted of Murder Found Guilty of Insurance Fraud

A Hudson Valley dentist acquitted earlier this year of fatally poisoning his ex-lover's husband has been convicted of fraud and theft. The ...

Pennsylvania Insurance Commissioner Warns Flood Victims About Repair Scams

Pennsylvania Insurance Commissioner Teresa Miller is urging homeowners whose properties suffered damage in the recent flooding that hit ...

Hub International Hires Aikins to New Jersey Office

Hub International Limited (Hub), a Chicago, Ill., headquartered insurance brokerage and consultancy firm, has appointed Mary Aikins, RN, ...
Sponsored by: IICF. 10th Anniversary Benefit Dinner. The Waldorf Astoria. December 14, 2016. Click here for more information.

Michigan Golf Course Verdict Puts Insurers in the Rough

Did the weight of winter ice ruin the putting greens at three suburban Detroit golf clubs? That tricky issue was posed to jurors in federal ...

Baldwin Named 2016 Distinguished Partner by Michigan Professional Insurance Agents

Cathy Baldwin, director of Marketing and Communication at wholesale insurance broker J.M. Wilson, has been named 2016 Distinguished Partner ...

Topeka, Kansas, Investigating High Number of Arson Fires

Authorities from several agencies are investigating a higher-than-expected number of arson fires in Topeka. The Topeka Capital-Journal ...
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FEMA Extends Filing Deadline for Florida NFIP Claims from Hurricane Hermine

The Federal Emergency Management Agency (FEMA) has extended the deadline for National Flood Insurance Program (NFIP) policyholders to file ...

Clean-Up Deal Reached for Florida Sinkhole that Contaminated Water

Florida officials have reached a deal with the company responsible for a large sinkhole that resulted in millions of gallons of ...

Upcoming Mississippi Tornado Season Looks to be 'Unpredictable'

Mississippians are preparing for the tornado season to begin in November. The Clarion-Ledger reports forecasters are looking at shifts in ...

Painting Stolen Off the Wall from Muhammad Ali Center in Kentucky

Artwork showing Muhammad Ali in a classic pose, in white trunks and red boxing gloves, was stolen from an exhibit while it was open to the ...
South Central

Public Sector Workplace Injuries, Illnesses Decline in Oklahoma

Oklahoma public sector employers have reduced the rate of employee injury and illness to 3.8 per 100 workers, down from 4.0 in 2014, the ...

LWCC's DeLaat Retires; Hofeling, McGhee Added to Executive Team

Louisiana-based workers' compensation insurer, LWCC, announced that Mike DeLaat has retired from his position as senior vice president and ...

Oil Spill Shuts Down Pipeline in Cushing, Oklahoma

A Seaway Crude Pipeline Co. pipeline that spilled oil at a storage hub in Oklahoma remained closed on Oct. 25, according to a spokesman for ...

Louisiana's Pointe Coupee Parish Designated Agricultural Disaster Area

The U.S. Department of Agriculture has designated Pointe Coupee Parish as a primary natural disaster area due to damages and losses caused ...

Idaho College Agrees to Settle VP's $650K Lawsuit

The College of Southern Idaho has agreed to pay a former vice president $650,000 to settle a discrimination lawsuit. The Times-News ...

Los Angeles Hospital to Pay $450K in Patient Dumping Settlement

A hospital will pay $450,000 to settle a lawsuit contending it dumped a homeless woman with schizophrenia on Skid Row in Los Angeles. City ...

Leavitt Group Buys Majority in Murray and Murray in California

The Leavitt Group has purchased a majority stake in Murray and Murray Insurance Agency in Central California. Dan Lillard, a key team ...

UK's Regulator Reviews Mission as It Redefines Itself Under New CEO

The U.K. Financial Conduct Authority opened a review of its regulatory "mission" as the agency looks to redefine itself under a new chief ...

XL Group to Realign P/C Operations with Senior Leadership Team Appointed

Bermuda-based XL Group Ltd. announced senior role changes in connection with a planned realignment of its property & casualty operating ...

Autumn Clock Change Raises Evening Accident Risk by 30%: UK Telematics Study

The risk of U.K. drivers having an accident in the month following the clocks changing at the end of October* increases by 10 percent, ...

Hiscox Leads New $1B Fine Art Consortium, in Collaboration with Ascot

Hiscox announced it has formed a new US$1 billion fine art consortium, the result of a collaboration with Ascot Underwriting. The $1 ...

Ironshore Int'l Offers Documents, Services in Mandarin for M&A Unit

Ironshore International said it is now offering insurance documents and services in Mandarin for its Mergers & Acquisitions unit, a move ...

JLT Re Taps Willis Re's Punch as MD, APAC, for Regional Clients & Retrocession

JLT Re, the London-based reinsurance broker and consultant, has appointed Stephen Punch as managing director, Asia Pacific, for Regional ...
Insurance Journal Blogs and Columns

Danger! They Think We're Stupid

Unintentional injury is the leading cause of death among teenagers and adults 15 to 44. According to the Centers for Disease Control (CDC), ...

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Mayer Brown Insurance Expert Discusses the Importance of Cybersecurity

Co-leader of Mayer Brown's Global Insurance Industry Group, James Woods, spoke with Insurance...
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What Carriers Want from a Startup Program

In this interview with Insurance Journal's Amy O'Connor, Mark Lange, senior vice president of...

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New Discussions in the Forums

Veterinary Clinic Insurance/ALLIANZ
Posted: Mon Oct 24 -- I might just try Hartford and Liberty, because of your advice, in a similar question. Thanks in advance... cw55
Is it possible to become independent from Smart Choice?
Posted: Mon Oct 24 -- I am in a process of acquiring existing IA which 80% of their book of business is under Smart Choice. I read their contract and there are... sim1004
Agency Management System
Posted: Sun Oct 23 -- hi there ~ I am Interested how your final decision ended up ? We are looking at options for moving away from AMS360 as well ? Thanks runningw/thedolphins
Commercial Account Manger-Next Level?
Posted: Thu Oct 20 -- I'll throw my hat in the ring as an underwriter and tell you that your only limitations are those you put on yourself. It sounds like to me... UW4life
Marketing "plan" for specialty/niche markets
Posted: Tue Oct 18 -- I am working on a marketing plan for a specialty niche. I have a few very good markets for this particular target niche. One of them will... pageltd
Trying to purchase an independent agency; but issues..
Posted: Mon Oct 17 -- I agree with d's insurance store. An M&A expert can also help you make sure that you are addressing the prior liabilities/E&O exposure... LisaTurcotte
Agent Compensation Ideas
Posted: Mon Oct 17 -- Carrier X comes in and wants $100,000 of new premium for personal lines. If the average premium is $2,000, you only need to write 50 new... tflood
Attorney considering CPCU- thoughts?
Posted: Fri Oct 14 -- I'm not saying these things to be mean, or to denigrate you - just trying to keep it 100. If you're 33 and still... awest16

Reader Comments

State Regulators Say Pennsylvania Health Insurance Premiums to Rise
Posted: Thu Oct 20 -- Nooo! How can this be??? Please Obama and Hilliary, tell us it isn't so!?!? I already lost my Doctor and plan, now it is going to cost 32%... Jack Kanauph
Questions Linger Over Trump's $17M Insurance Payout in 2005 for Florida Club
Posted: Wed Oct 26 -- And let's not forget Trump pocketing $150,000 from the 9-11 Fund even though he stated that he suffered no losses from 9-11. Stand up guy... Celtica
Florida Man Arrested Over Doughnut Glaze Mistaken for Meth Files Lawsuit
Posted: Mon Oct 24 -- This certainly explains my addiction to Krispy Kreme donuts. SWFL Agent
Peyton Manning's Pep Talk to Insurance Leaders: 'You Are Only as Good as the Team Around You'
Posted: Mon Oct 24 -- Peyton Manning and his brother Eli Manning are wonderful models for America ! Their father Archie Manning, former NFL Player has been able... Eunice Gambrill
AARP Suit Says Workplace Wellness Programs Raise Medical Privacy Concerns
Posted: Tue Oct 25 -- My wife's employer penalizes you if you do not participate. The surcharge is approx 30% additional premium. Many of the wife's co-workers... Jim Backus

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