Insurance Journal » News http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Mon, 03 Aug 2015 05:58:52 +0000 en-US hourly 1 http://wordpress.org/?v=4.2.2 West Virginia Prosecutors Say Explosion Evidence Crucial to Blankenship Case http://www.insurancejournal.com/news/southeast/2015/08/03/377206.htm Mon, 03 Aug 2015 05:58:52 +0000 http://www.insurancejournal.com/?p=377206 Prosecutors say in court documents that evidence about the Upper Big Branch Mine disaster is a necessary part of the government’s criminal case against former Massey Energy CEO Don Blankenship. The Charleston Gazette-Mail reports prosecutors made the filing in a …

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200 Kentucky DUI Cases in Jeopardy After Suspension of Breathalyzer Operator http://www.insurancejournal.com/news/southeast/2015/08/03/377204.htm Mon, 03 Aug 2015 05:52:07 +0000 http://www.insurancejournal.com/?p=377204 More than 200 drunken-driving cases could be in jeopardy after officials said a former breath test operator for Louisville’s corrections department was suspended after allegations that she lied on a report and in testimony under oath. The Courier-Journal reports that …

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Florida Agent Arrested for Selling Fraudulent Policies with Suspended License http://www.insurancejournal.com/news/southeast/2015/08/03/377201.htm Mon, 03 Aug 2015 05:45:42 +0000 http://www.insurancejournal.com/?p=377201 The Florida Department of Financial Services’ Division of Insurance Fraud (DIF) announced the arrest of insurance agent Julia Shurdom, 67, for allegedly transacting insurance related business with a suspended insurance license, scheming to defraud, and uttering a forged document while …

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West Virginia to See Decrease in Workers’ Comp Premiums http://www.insurancejournal.com/news/southeast/2015/08/03/377199.htm Mon, 03 Aug 2015 05:36:18 +0000 http://www.insurancejournal.com/?p=377199 Gov. Earl Ray Tomblin says employers in the state will see an estimated $43 million reduction in workers’ compensation premiums in the coming year. Tomblin says employers have saved more than $323 million since the program was privatized in 2006. …

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Judge Sets 2016 Trial Date for Hulk Hogan Sex Tape Lawsuit http://www.insurancejournal.com/news/southeast/2015/08/03/377194.htm Mon, 03 Aug 2015 04:48:15 +0000 http://www.insurancejournal.com/?p=377194 A Florida judge set a trial date of March 2016 for a lawsuit brought by Hulk Hogan – the biggest name on pro wrestling marquees in the `80s and `90s and later a reality TV star – against the news …

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Freberg Environmental Names Miller Senior Vice President in Colorado http://www.insurancejournal.com/news/west/2015/07/31/377189.htm Fri, 31 Jul 2015 17:57:46 +0000 http://www.insurancejournal.com/?p=377189 Freberg Environmental Insurance has named Renee Miller to lead its environmental consultants and contracting program. Miller will be based in Denver, Colo. and lead Freberg’s environmental program providing general liability, contractors’ pollution and professional liability for environmental firms. Miller joins …

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SASSI Expands Workers’ Comp Program Into Additional States http://www.insurancejournal.com/news/national/2015/07/31/377186.htm Fri, 31 Jul 2015 17:03:48 +0000 http://www.insurancejournal.com/?p=377186 SASSI, the Salon and Spa Specialty Insurance agency, has added an additional market for its workers’ compensation insurance program, enabling the agency to write this coverage in additional states. The program is designed to meet the needs of small to …

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Mississippi Insurance Commissioner Being Challenged in Upcoming Primary http://www.insurancejournal.com/news/southeast/2015/07/31/377106.htm Fri, 31 Jul 2015 16:57:27 +0000 http://www.insurancejournal.com/?p=377106 Second-term Mississippi Insurance Commissioner Mike Chaney is being challenged in the Republican primary by John Mosley, a body shop owner who says insurance companies have gotten away with paying for less-than-perfect replacement parts to repair damaged vehicles. Chaney supporters criticize …

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Lockton Announces New Hires for Philadelphia Office http://www.insurancejournal.com/news/east/2015/07/31/377166.htm Fri, 31 Jul 2015 16:52:34 +0000 http://www.insurancejournal.com/?p=377166 Insurance broker Lockton hired Deana Calvelli as vice president of Retirement Services for Lockton’s Northeast region. Calvelli will lead Lockton’s new retirement practice in the Philadelphia office. The practice will advise clients on 401k and other retirement plans. In her …

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Olson to Lead the Independent Insurance Agents of Georgia as CEO http://www.insurancejournal.com/news/southeast/2015/07/31/377165.htm Fri, 31 Jul 2015 16:47:46 +0000 http://www.insurancejournal.com/?p=377165 Betsy K. Olson was appointed chief executive officer of the Independent Insurance Agents of Georgia after a unanimous vote of its Board of Directors on July 29, 2015. Olson will take the reins on September 1. “Betsy is intimately familiar …

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Massachusetts Senate to Launch Inquiry Into Home Insurance Rate Hikes http://www.insurancejournal.com/news/east/2015/07/31/377154.htm Fri, 31 Jul 2015 16:28:58 +0000 http://www.insurancejournal.com/?p=377154 The Massachusetts Senate’s oversight body is launching an inquiry into homeowners insurance rate increases approved by the Division of Insurance (DOI) this year after a brutal winter led to increased claims activity. State Senator Mike Barrett (D-Lexington), chair of the …

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Weather Service Confirms Tornado Struck North Dakota City http://www.insurancejournal.com/news/midwest/2015/07/31/377161.htm Fri, 31 Jul 2015 16:15:01 +0000 http://www.insurancejournal.com/?p=377161 The National Weather Service has confirmed that storm damage in Tolna, N.D. was caused by a tornado. The tornado last week was rated an EF-1, with an estimated peak wind speed of 110 mph. It was on the ground for …

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Colorado School District Settles With Teacher Who Claimed Discrimination http://www.insurancejournal.com/news/west/2015/07/31/377157.htm Fri, 31 Jul 2015 16:12:13 +0000 http://www.insurancejournal.com/?p=377157 A southern Colorado school district accused of promoting evangelical Christian ideals has reached a settlement with a teacher who filed a lawsuit claiming religious discrimination. Robert Basevitz, who is Jewish, filed a suit in May saying that the Fremont RE-2 …

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19 Oklahoma Counties Denied Federal Disaster Assistance http://www.insurancejournal.com/news/southcentral/2015/07/31/377155.htm Fri, 31 Jul 2015 16:08:29 +0000 http://www.insurancejournal.com/?p=377155 Gov. Mary Fallin says the federal government has rejected the state’s request for disaster assistance for 19 Oklahoma counties affected by severe weather, flooding and tornadoes in May and June. Fallin said Wednesday the Federal Emergency Management Agency denied the …

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Another Power Outage Hits Large Southern California City http://www.insurancejournal.com/news/west/2015/07/31/377152.htm Fri, 31 Jul 2015 15:59:21 +0000 http://www.insurancejournal.com/?p=377152 Hundreds of residents and businesses in Long Beach, Calif. will be without power until Friday evening, according to reports. Long Beach, a city of nearly half-a-million, was struck by a power outage on Thursday for the second time this month. …

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Edison Expects 2016 Hearing on $7.57B California Reactor Claim http://www.insurancejournal.com/news/west/2015/07/31/377150.htm Fri, 31 Jul 2015 15:56:18 +0000 http://www.insurancejournal.com/?p=377150 Edison International expects a hearing to be held next year on its $7.57 billion damage claim against Mitsubishi Heavy Industries Ltd. over the shutdown of a Southern California nuclear power plant. A confidentiality order in the case, being arbitrated by …

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Aon’s Q2 2015 Earnings Report: Total Revenue -4%; Net income –41% http://www.insurancejournal.com/news/international/2015/07/31/377148.htm Fri, 31 Jul 2015 15:18:31 +0000 http://www.insurancejournal.com/?p=377148 Aon’s second quarter earnings report highlights some of the difficulties the re/insurance industry is experiencing. Total revenues from Aon’s combined sector activities decreased by four percent to $2.80 billion from $2.913 billion in Q2, 2014. The percentage decline for the …

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MetLife Defends Dual Roles for Retirement Brokers http://www.insurancejournal.com/news/national/2015/07/31/377138.htm Fri, 31 Jul 2015 12:24:23 +0000 http://www.insurancejournal.com/?p=377138 MetLife Inc. said its dual roles of offering retirement products and advising customers are threatened by a U.S. Labor Department proposal that was designed to make sure savers’ interests are put first. “Without substantial modifications, the proposal could force companies …

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Intellectual Property: Conan O’Brien, Doobie Brothers, ‘Happy Birthday’, Michael Jordan http://www.insurancejournal.com/news/national/2015/07/31/377134.htm Fri, 31 Jul 2015 12:15:16 +0000 http://www.insurancejournal.com/?p=377134 Conan O’Brien Sued Over Jokes Comedian Conan O’Brien was sued for copyright infringement for using several jokes on his late-night talk show that he’s accused of lifting from the Internet. In a complaint filed in San Diego federal court July …

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Brit Reports H1 After-Tax Profit of US$6.4M, Compared to $94.5m in 2014 http://www.insurancejournal.com/news/international/2015/07/31/377132.htm Fri, 31 Jul 2015 12:01:30 +0000 http://www.insurancejournal.com/?p=377132 London-based Brit plc, which completed its merger with Fairfax Financial Holdings in the first half of this year, reported operating profit before foreign exchange and transaction related expenses of $70.9 million, compared with $172.3 million in the first half of …

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Arch Reports Q2 Net Income of $110.3M, Compared to $202.5M in Q2 2014 http://www.insurancejournal.com/news/international/2015/07/31/377129.htm Fri, 31 Jul 2015 11:14:06 +0000 http://www.insurancejournal.com/?p=377129 Arch Capital Group Ltd., headquartered in Bermuda, reported second quarter net income of $110.3 million, or $0.88 per share, compared to $202.5 million, or $1.48 per share, for the 2014 second quarter. Net income available to Arch common shareholders for …

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Hacker Claims to Open GM’s OnStar App, Start Engine Remotely http://www.insurancejournal.com/news/national/2015/07/31/377127.htm Fri, 31 Jul 2015 10:46:14 +0000 http://www.insurancejournal.com/?p=377127 A researcher is advising drivers not to use a mobile app for General Motors Co.’s OnStar vehicle communications system, saying hackers can exploit a security flaw in the product to unlock cars and start engines remotely. “White-hat” hacker Samy Kamkar …

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U.S. Issues Final Oil Train Safety Rules http://www.insurancejournal.com/news/national/2015/07/31/377125.htm Fri, 31 Jul 2015 10:41:47 +0000 http://www.insurancejournal.com/?p=377125 The Obama administration on Wednesday released a new regulation intended to prevent explosive rail disasters such as the 2013 oil train derailment that killed 47 people and destroyed part of Lac-Megantic, Quebec. The new rule by the Federal Railroad Administration …

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Best Analyzes Changes to Brazilian Local Reinsurance Market http://www.insurancejournal.com/news/international/2015/07/31/377123.htm Fri, 31 Jul 2015 10:04:32 +0000 http://www.insurancejournal.com/?p=377123 A.M. Best has released a new briefing focusing on the National Council of Private Insurance issuance of CNSP Resolution CNSP No. 322, which decreases the amount of premiums that Brazil’s local insurers must “place” with local reinsurers, from 40 percent …

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UK’s Allianz Insurance Partners with Pentura to Provide Cyber Risk Services http://www.insurancejournal.com/news/international/2015/07/31/377120.htm Fri, 31 Jul 2015 09:28:20 +0000 http://www.insurancejournal.com/?p=377120 Allianz Insurance has joined forces with cyber risk management company, Pentura, to provide commercial customers with help and guidance to improve cyber security. As part of the partnership, Pentura, which is based in Reading, England, will provide Allianz Commercial policyholders …

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Investment Return Moves up Boardroom Agenda for Europe Insurers: A.M. Best http://www.insurancejournal.com/news/international/2015/07/31/377117.htm Fri, 31 Jul 2015 09:09:27 +0000 http://www.insurancejournal.com/?p=377117 The pursuit of improved investment returns has become more important for European insurers after a lengthy period when their attention was more focused on non-investment sources of profit, according to a report published by A.M. Best. How an insurer might …

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Willis Appoints Messer Regional Leader for Latin American Aviation http://www.insurancejournal.com/news/international/2015/07/31/377116.htm Fri, 31 Jul 2015 09:07:27 +0000 http://www.insurancejournal.com/?p=377116 Willis Group Holdings announced the appointment of Thomas Messer as Regional Leader of aviation in Latin America with immediate effect. Messer joined Willis in 2002 and has served in a variety of roles within the aerospace re/insurance market – most recently …

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CGSC Appoints Hooper, Newman, Ruggieri to Holding Company Board http://www.insurancejournal.com/news/international/2015/07/31/377114.htm Fri, 31 Jul 2015 09:01:51 +0000 http://www.insurancejournal.com/?p=377114 Global broker Cooper Gay Swett & Crawford (CGSC) has appointed three senior officers to its board of directors with immediate effect. Shaun Hooper, CEO of CGSC International, Gordon Newman, CEO of CGNMB and Thomas P Ruggieri, CEO & President of …

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Investigators: FAA Guidance Lacking in Wisconsin Midair Collision http://www.insurancejournal.com/news/midwest/2015/07/31/377034.htm Fri, 31 Jul 2015 05:59:26 +0000 http://www.insurancejournal.com/?p=377034 A lack of guidance from the Federal Aviation Administration and improper training were significant factors in the midair collision of two skydiving planes over northwestern Wisconsin about two years ago, according to aviation investigators. The National Transportation Safety Board has …

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3 Firefighters Hurt in Houston Blaze; Man Charged with Arson http://www.insurancejournal.com/news/southcentral/2015/07/31/377021.htm Fri, 31 Jul 2015 05:58:16 +0000 http://www.insurancejournal.com/?p=377021 Houston police say a man has been accused of starting an apartment complex blaze on July 28 that left three firefighters slightly hurt. Houston City Jail records show 18-year-old Danny Isidoro was being held on a charge of reckless arson. …

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