Insurance Journal » News http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Wed, 23 Apr 2014 03:31:18 +0000 en-US hourly 1 http://wordpress.org/?v=3.8.2 Recent Quakes Push Interest, Sales of Policies in California http://www.insurancejournal.com/news/west/2014/04/22/327025.htm Tue, 22 Apr 2014 23:44:15 +0000 http://www.insurancejournal.com/?p=327025 Some people don’t need Earth Day to be reminded they live on a planet powered by the forces of nature. The recent string earthquakes on the Pacific belt may have hit home with California homeowners, who were already a bit …

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Federal Suit Filed Against California Lawmaker, Aide in Fatal DUI http://www.insurancejournal.com/news/west/2014/04/22/327015.htm Tue, 22 Apr 2014 16:51:31 +0000 http://www.insurancejournal.com/?p=327015 The parents of a Santa Barbara woman who was fatally struck by a congresswoman’s aide filed a federal lawsuit against the driver, U.S. Rep. Lois Capps and the U.S. government. The wrongful death suit filed by Matt and Raeona Dies’ …

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Monster Involved in Insurer-Funded Settlement in California http://www.insurancejournal.com/news/west/2014/04/22/327011.htm Tue, 22 Apr 2014 16:49:10 +0000 http://www.insurancejournal.com/?p=327011 Corona, Calif.-based Monster Beverage Corp. has agreed to settlement an ongoing securities class action lawsuit against the company and two of its officers in federal district court in Los Angeles. The settlement, reportedly worth $16.25 million, is pending court approval. The suit was …

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Not Guilty Plea Entered by PG&E In Deadly California Blast http://www.insurancejournal.com/news/west/2014/04/22/327004.htm Tue, 22 Apr 2014 16:38:33 +0000 http://www.insurancejournal.com/?p=327004 Pacific Gas and Electric Co. has pleaded not guilty to federal charges stemming from a natural gas pipeline explosion in California that killed eight people and injured 58 others in 2010, according to court filings. The utility was indicted by …

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Pit Bull Owners Sue Louisiana Town over Breed Ban http://www.insurancejournal.com/news/southcentral/2014/04/22/327001.htm Tue, 22 Apr 2014 16:29:49 +0000 http://www.insurancejournal.com/?p=327001 A New Llano, La., couple filed suit against the town in federal court, claiming the town’s ban on pit bulls and pit-bull-like breeds violates dog owners’ equal protection, property and due process rights. The American Press reports Christine and Victor …

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Medical Payments per Claim for Injured Workers in Louisiana Rising http://www.insurancejournal.com/news/southcentral/2014/04/22/326999.htm Tue, 22 Apr 2014 16:27:44 +0000 http://www.insurancejournal.com/?p=326999 Payments per claim for the medical care of injured workers in Louisiana were higher and growing faster than in most states, according to a 16-state study by the Workers Compensation Research Institute (WCRI). The WCRI study, CompScope Medical Benchmarks for …

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Iowa Insurance Regulators Investigating Agency Accused of Overbilling http://www.insurancejournal.com/news/midwest/2014/04/22/326997.htm Tue, 22 Apr 2014 16:20:47 +0000 http://www.insurancejournal.com/?p=326997 Iowa regulators are investigating an insurance agency accused of overbilling thousands of government employees for health care coverage. The Iowa Insurance Division is focused on Two Rivers Insurance Co. The agency had been acting as an independent agent selling insurance …

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Indiana Body Shops Sue Insurers over Compensation for Vehicle Repairs http://www.insurancejournal.com/news/midwest/2014/04/22/326993.htm Tue, 22 Apr 2014 16:15:37 +0000 http://www.insurancejournal.com/?p=326993 Indiana body shops and auto insurers are on a collision course over repair compensation practices, a dispute that could cost millions of dollars to patch up. In a federal lawsuit, 14 Indiana shops accuse State Farm Insurance and competitors of …

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Feds Widen Probe Into North Dakota Brothers’ Alleged Crop Insurance Scam http://www.insurancejournal.com/news/midwest/2014/04/22/326991.htm Tue, 22 Apr 2014 16:11:15 +0000 http://www.insurancejournal.com/?p=326991 Federal authorities have expanded the scope of their investigation into two brothers from North Dakota accused of intentionally destroying potatoes to collect crop insurance payments. The original indictment alleged that Aaron Johnson, 50, and Derek Johnson, 47, and their company, …

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Farrell Promoted to Surety Underwriter at Michigan’s J.M. Wilson http://www.insurancejournal.com/news/midwest/2014/04/22/326987.htm Tue, 22 Apr 2014 16:04:41 +0000 http://www.insurancejournal.com/?p=326987 Portage Mich.-based managing general agency and surplus lines insurance broker, J.M. Wilson, has promoted Stephanie Farrell to surety underwriter. Farrell will be responsible for underwriting commercial and fidelity bonds for new and renewal business. In addition, she will review submissions …

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Texas-Based All-Star Insurance Group Acquires Hogue Insurance Agency http://www.insurancejournal.com/news/southcentral/2014/04/22/326983.htm Tue, 22 Apr 2014 16:00:16 +0000 http://www.insurancejournal.com/?p=326983 All-Star Insurance Group Inc. has acquired Hogue Insurance Agency in Quitman, Texas. Hogue Insurance Agency is now known as All-Star Insurance Group and has moved all operations to an office inside Wood County National Bank in Quitman. Tonda Tiffee Ward, …

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Marsh Report Finds Continued Demand for Terrorism Risk Insurance; Urges Renewal http://www.insurancejournal.com/news/national/2014/04/22/326977.htm Tue, 22 Apr 2014 15:14:44 +0000 http://www.insurancejournal.com/?p=326977 Demand for terrorism insurance remains strong and the existence of the federal terrorism risk insurance program plays a key role in making coverage available and affordable, according to a report released by insurance broker Marsh. According to Marsh’s 2014 Terrorism …

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Lockton Technology Practice Expands to East Coast with Groeber http://www.insurancejournal.com/news/east/2014/04/22/326973.htm Tue, 22 Apr 2014 14:48:38 +0000 http://www.insurancejournal.com/?p=326973 Insurance broker Lockton announced that Shannon Groeber has joined its Philadelphia operation as senior vice president, Global Technology & Privacy Practice. Groeber’s addition expands the practice to the East coast. She will provide customized insurance programs and advisory services in …

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Lawsuits Over West Virginia Chemical Spill Moved to District Court http://www.insurancejournal.com/news/southeast/2014/04/22/326971.htm Tue, 22 Apr 2014 14:38:37 +0000 http://www.insurancejournal.com/?p=326971 Lawsuits against Freedom Industries Inc., whose leaky chemical tank polluted drinking water in West Virginia, were transferred from bankruptcy court to federal district court in Charleston last week to “assure efficient case administration.” On Jan. 9, eight days before the …

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Maryland AG Sues BP Over Pension Losses Tied to Gulf Oil Spil http://www.insurancejournal.com/news/east/2014/04/22/326965.htm Tue, 22 Apr 2014 13:21:49 +0000 http://www.insurancejournal.com/?p=326965 Maryland Attorney General Douglas F. Gansler  has sued BP plc. for allegedly making false and misleading statements regarding its commitment to safety reforms and oil spill prevention and response capabilities. Ganlser claims the Maryland State Retirement and Pension System relied …

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GM Asks Court to Enforce Bankruptcy Liability Shield Against Ignition Lawsuits http://www.insurancejournal.com/news/national/2014/04/22/326963.htm Tue, 22 Apr 2014 12:56:48 +0000 http://www.insurancejournal.com/?p=326963 General Motors Co. filed a motion in a U.S. bankruptcy court to enforce a bar on lawsuits related to ignition defects in cars sold before its 2009 bankruptcy as it fights a class action lawsuit that seeks to set aside …

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West Virginia Seeks Input on Chemical Tank Safety Rules http://www.insurancejournal.com/news/southeast/2014/04/22/326958.htm Tue, 22 Apr 2014 12:46:44 +0000 http://www.insurancejournal.com/?p=326958 West Virginia regulators are asking stakeholders for input as they begin developing rules to implement a new chemical storage tank safety law. The Water Resources Protection Act regulates above-ground storage tanks like the one that leaked at Freedom Industries on …

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Judge Dismisses Suit Challenging New Hampshire Ski Resort Immunity http://www.insurancejournal.com/news/east/2014/04/22/326955.htm Tue, 22 Apr 2014 12:43:53 +0000 http://www.insurancejournal.com/?p=326955 A judge has dismissed a Massachusetts couple’s lawsuit against the operators of a New Hampshire ski area, saying the companies can’t be held liable for a crash between a ski instructor and a teenage boy. Susan and Michael Hanus sued …

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Exxon Denied Appeal of Jury Award Over MTBE in New York City Water http://www.insurancejournal.com/news/east/2014/04/22/326953.htm Tue, 22 Apr 2014 12:40:28 +0000 http://www.insurancejournal.com/?p=326953 The U.S. Supreme Court rejected Exxon Mobil Corp.’s appeal of a $105 million jury verdict it was ordered to pay for contaminating underground water in New York City with a gasoline additive. The Irving, Texas-based oil and gas company argued …

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Rhode Island Homeowners Seek FEMA Grants to Elevate Houses http://www.insurancejournal.com/news/east/2014/04/22/326947.htm Tue, 22 Apr 2014 12:33:23 +0000 http://www.insurancejournal.com/?p=326947 Some Rhode Island residents are seeking federal grant money to help pay for elevating their homes to reduce the risk of flooding —  and avoid spikes in flood insurance rates. Seven homeowners in Barrington who want to elevate their homes …

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How Uber, Tesler Are Disrupting Transportation Monopolies: Viewpoint http://www.insurancejournal.com/news/national/2014/04/22/326824.htm Tue, 22 Apr 2014 12:30:24 +0000 http://www.insurancejournal.com/?p=326824 Question: What’s an automotive monopolist’s worst nightmare? Answer: Uber picks you up in a Tesla. Two big Silicon Valley companies are busy disrupting state-sponsored transportation monopolies. Uber is competing with locally regulated taxi companies, and Tesla wants to sell its …

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CNA Appoints Mueller Vice President – International http://www.insurancejournal.com/news/international/2014/04/22/326945.htm Tue, 22 Apr 2014 10:48:59 +0000 http://www.insurancejournal.com/?p=326945 CNA Financial Corporation announced the appointment of Timon Mueller as Vice President of International. He “will lead an underwriting team to strengthen our Home Foreign business and expand our international capabilities,” said the announcement. John Beckman, Chief Underwriting Officer, Commercial, …

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Endurance Appoints Housley as Global Property Insurance Leader http://www.insurancejournal.com/news/international/2014/04/22/326943.htm Tue, 22 Apr 2014 10:46:04 +0000 http://www.insurancejournal.com/?p=326943 Bermuda-based Endurance Specialty Holdings has announced that Richard Housley has joined the company this week as Executive Vice President and Global Practice Leader for Property Insurance. He has extensive experience in property insurance markets where he has held various underwriting …

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Report: Former EU Banker Urges Reactivate Securitization to Enhance Credit http://www.insurancejournal.com/news/international/2014/04/22/326941.htm Tue, 22 Apr 2014 10:41:46 +0000 http://www.insurancejournal.com/?p=326941 Jacques de Larosiere says he is an isolated and modest man. Yet the 84-year-old former head of the International Monetary Fund is one of the most influential voices in European and global finance. An eminence grise as respected among France’s …

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El Nino Seen Starting by July as UN Highlights Risk to Rice http://www.insurancejournal.com/news/international/2014/04/22/326939.htm Tue, 22 Apr 2014 10:30:27 +0000 http://www.insurancejournal.com/?p=326939 An El Nino will probably start as soon as July, according to the Australian government forecaster, adding to predictions for the event that can affect weather patterns worldwide and roil farm-commodity prices. All the climate models surveyed indicated that an …

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How Millennials View the Job Market http://www.insurancejournal.com/news/national/2014/04/22/326816.htm Tue, 22 Apr 2014 10:00:08 +0000 http://www.insurancejournal.com/?p=326816 Briana Tony hasn’t graduated from college yet, and she’s already frustrated with the job market. She’s been through four jobs and said she moved on from each because of a lack of respect and poor upward mobility. “Our generation isn’t …

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Florida Constitutional Amendment on Medical Malpractice Caps Urged http://www.insurancejournal.com/news/southeast/2014/04/22/326814.htm Tue, 22 Apr 2014 09:00:36 +0000 http://www.insurancejournal.com/?p=326814 Following a Florida Supreme Court decision that struck down caps on certain awards in medical malpractice lawsuits, the members of a 2002 task force that supported those caps are calling for a constitutional amendment that would place the caps on …

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Kentucky Court Clarifies Religious Exemption from Labor Laws http://www.insurancejournal.com/news/southeast/2014/04/22/326818.htm Tue, 22 Apr 2014 09:00:08 +0000 http://www.insurancejournal.com/?p=326818 Religious institutions in Kentucky may hire and fire people from strictly ecclesiastical jobs as they see fit, but could face legal action if an employment contract is involved, the Kentucky Supreme Court recently ruled. In two decisions, the justices reinstated …

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California Water Authority Mum Over Possible Loss of Insurance http://www.insurancejournal.com/news/west/2014/04/21/326925.htm Mon, 21 Apr 2014 23:58:04 +0000 http://www.insurancejournal.com/?p=326925 The battle over a California water district’s insurance coverage has been a bit chilly the last few days. The Central Basin Municipal Water District hasn’t done much to head off threats by the Association of California Water Agencies Joint Powers …

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Sce joins Sullivan Brokers in Southern California http://www.insurancejournal.com/news/west/2014/04/21/326920.htm Mon, 21 Apr 2014 22:36:59 +0000 http://www.insurancejournal.com/?p=326920 Sullivan Brokers Wholesale Insurance Solutions named Jim Sce to the firm’s casualty practice group as vice president. Sce will work in the Los Angeles, Calif. office. Sce has expertise in construction classes, as well as experience in all casualty lines …

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