Insurance Journal » News http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Fri, 24 Oct 2014 21:43:30 +0000 en-US hourly 1 http://wordpress.org/?v=3.9.2 Monarch Names Neville Senior Underwriter in California http://www.insurancejournal.com/news/west/2014/10/24/344785.htm Fri, 24 Oct 2014 20:38:45 +0000 http://www.insurancejournal.com/?p=344785 Monarch E&S has named Deb Neville a senior commercial lines underwriter in its San Diego, Calif. branch office. Neville has extensive commercial lines experience and has been working in the excess and surplus lines industry for 35 years. Most recently Neville had …

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12 Articles on Ebola Risk and Insurance http://www.insurancejournal.com/news/national/2014/10/24/344767.htm Fri, 24 Oct 2014 18:55:13 +0000 http://www.insurancejournal.com/?p=344767 1. Ebola ‘Tipping Point’ Could Come By Late January, Reports RMS Until the number of new daily cases declines rather than increases, the severity of the outbreak will continue to multiply. RMS said it does not expect this outbreak of …

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Various Insurance Lines Could Potentially Be Affected by Ebola http://www.insurancejournal.com/news/national/2014/10/24/344759.htm Fri, 24 Oct 2014 18:30:06 +0000 http://www.insurancejournal.com/?p=344759 As fears of an Ebola pandemic spread, many U.S. businesses are wondering if insurance will cover any complications that may arise. According to experts, the outbreak could potentially impact several insurance lines. According to Randy Nornes, executive vice president at …

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W.R. Berkley’s Q3 Net Income Rises 37% to $189M http://www.insurancejournal.com/news/national/2014/10/24/344739.htm Fri, 24 Oct 2014 16:59:07 +0000 http://www.insurancejournal.com/?p=344739 W.R. Berkley Corp. posted $188.54 million net income for its 2014 third quarter, a 37.7 percent increase from $136.97 million net income reported a year ago. The Greenwich, Connecticut-based insurer’s net premiums written for the third quarter were $1.525 billion, …

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Judge Dismisses Mass. AG Coakley’s Federal Housing Lawsuit http://www.insurancejournal.com/news/east/2014/10/24/344747.htm Fri, 24 Oct 2014 16:56:45 +0000 http://www.insurancejournal.com/?p=344747 A federal judge has dismissed a lawsuit filed by Massachusetts Attorney General Martha Coakley against the Federal Housing Finance Agency and mortgage giants Fannie Mae and Freddie Mac, saying the court doesn’t have oversight of the matter. Coakley sued the …

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GAO Report Finds SBA Didn’t Meet Timeliness Goal for Sandy Loans http://www.insurancejournal.com/news/east/2014/10/24/344745.htm Fri, 24 Oct 2014 16:54:49 +0000 http://www.insurancejournal.com/?p=344745 A new report from the U.S. Government Accountability Office (GAO) has found that following Superstorm Sandy, the U.S. Small Business Administration (SBA) did not meet its timeliness goal for processing business loan applications. GAO’s report, titled “Small Business Administration: Additional …

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Kansas Contractors Struggle to Find Skilled Workers http://www.insurancejournal.com/news/midwest/2014/10/24/344736.htm Fri, 24 Oct 2014 16:35:36 +0000 http://www.insurancejournal.com/?p=344736 A survey finds that many Kansas contractors are having trouble filling skilled jobs in the construction industry. Ninety percent of the 20 Kansas firms that responded to an Associated General Contractors survey said they’re having a hard time finding project …

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Lyft Agrees to Temporary Halt of Rideshare Service in Kansas City http://www.insurancejournal.com/news/midwest/2014/10/24/344734.htm Fri, 24 Oct 2014 16:29:27 +0000 http://www.insurancejournal.com/?p=344734 Ridesharing company Lyft will temporarily stop operating in Kansas City, Mo. while it negotiates with the city over ways to allow it to permanently conduct business in the city. Lyft officials said that the drivers will stop working for up …

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Ohio Workers’ Comp Bureau: Rates for Local Governments Falling http://www.insurancejournal.com/news/midwest/2014/10/24/344732.htm Fri, 24 Oct 2014 16:25:33 +0000 http://www.insurancejournal.com/?p=344732 Ohio public employers applauded an average 9.1 percent reduction in workers’ compensation rates for local governments that was approved by the Ohio Bureau of Workers’ Compensation (BWC) Board of Directors. The new rates covering 3,800 cities, counties, townships, villages, schools …

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Big Money Spent on South Dakota Doctor Choice Ads http://www.insurancejournal.com/news/midwest/2014/10/24/344729.htm Fri, 24 Oct 2014 16:22:01 +0000 http://www.insurancejournal.com/?p=344729 Activists on both sides of the “any willing provider” ballot measure that would give South Dakota patients more choice of in-network doctors say the issue is too complicated for sound bites, but have still spent more than $560,000 on television …

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$28M Verdict Upheld in Wyoming Carbon Monoxide Case http://www.insurancejournal.com/news/west/2014/10/24/344727.htm Fri, 24 Oct 2014 16:15:20 +0000 http://www.insurancejournal.com/?p=344727 A federal judge has upheld a jury’s $28.2 million damage award to a woman who suffered a permanent brain injury from carbon monoxide poisoning due to a faulty furnace in the apartment she was renting in Casper, Wyo. Amber Lompe …

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Montana Jury Awards $4.3M in Train Crash Lawsuit http://www.insurancejournal.com/news/west/2014/10/24/344725.htm Fri, 24 Oct 2014 16:12:28 +0000 http://www.insurancejournal.com/?p=344725 A Cascade County, Mont. jury has awarded $4.3 million in damages to a BNSF Railway employee who was injured in a July 2011 train collision caused by a switching error. The Great Falls Tribune reported conductor Michael Schnittgen was injured …

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Ford Appointed to Texas FAIR Plan Governing Committee http://www.insurancejournal.com/news/southcentral/2014/10/24/344722.htm Fri, 24 Oct 2014 15:42:50 +0000 http://www.insurancejournal.com/?p=344722 Texas Commissioner of Insurance Julia Rathgeber appointed Christina Ford of Red Oak to the Fair Access to Insurance Requirements (FAIR) Governing Committee. The commissioner also reappointed Georgia Neblett of Port Aransas, Ronald Lawson of Allen, and Edward Sherlock of Beaumont …

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Fireman: Trucker ‘Zombie’-Like After Fatal Bus Crash http://www.insurancejournal.com/news/southcentral/2014/10/24/344715.htm Fri, 24 Oct 2014 15:38:27 +0000 http://www.insurancejournal.com/?p=344715 Russell Staley stared out his broken windshield as darkness engulfed him and firefighters bearing chain saws cut through fallen trees to reach the passenger door of his tractor trailer. Staley had been heading north on Interstate 35 near Davis, Okla., …

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Cocaine Residue Found on Arkansas Man’s Insurance Card http://www.insurancejournal.com/news/southcentral/2014/10/24/344713.htm Fri, 24 Oct 2014 15:30:29 +0000 http://www.insurancejournal.com/?p=344713 Jonesboro, Ark., police have arrested a man who they say handed an officer an insurance card covered in cocaine residue during a traffic stop. The Jonesboro Sun reports 31-year-old Shannon Ray of Jonesboro was charged with several drug charges. Officer Blake …

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Donegal Group’s Q3 Net Income Rises 14% to $8.7M http://www.insurancejournal.com/news/east/2014/10/24/344706.htm Fri, 24 Oct 2014 15:26:05 +0000 http://www.insurancejournal.com/?p=344706 Donegal Group Inc. in Marietta, Pennsylvania, today posted $8.749 million net income for the company’s 2014 third quarter, a 14.3 percent increase from $7.654 million net income one year ago. Total net premiums written for the third quarter were $147.840 …

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XL North America P/C Names Nadeau As Chief Operating Officer http://www.insurancejournal.com/news/national/2014/10/24/344704.htm Fri, 24 Oct 2014 14:19:23 +0000 http://www.insurancejournal.com/?p=344704 XL Group’s North America Property & Casualty (NAPC) insurance business has promoted Donna Nadeau to the position of chief operating office, reporting to Joe Tocco, NAPC chief executive.  Nadeau previously served as NAPC’s chief actuary. Nadeau assumes the COO role …

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Allianz Realigns Industrial Management, Launches Mid-Corporate Line http://www.insurancejournal.com/news/international/2014/10/24/344696.htm Fri, 24 Oct 2014 14:05:37 +0000 http://www.insurancejournal.com/?p=344696 Allianz Global Corporate & Specialty SE (AGCS), the global industrial insurer of the Allianz Group, is expanding its Board of Management with new regional responsibilities. The company is also introducing a new line of business to serve mid-size companies under …

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Mississippi County Expects Insurance to Cover $165K Embezzlement http://www.insurancejournal.com/news/southeast/2014/10/24/344694.htm Fri, 24 Oct 2014 13:34:00 +0000 http://www.insurancejournal.com/?p=344694 Officials in Adams County, Mississippi are expecting an insurance policy to cover the $165,000 allegedly embezzled from its juvenile justice center. Board of Supervisors Attorney Scott Slover tells The Natchez Democrat the insurance should cover 100 percent of the loss. …

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Chubb Reports ‘Outstanding’ Q3 http://www.insurancejournal.com/news/national/2014/10/24/344689.htm Fri, 24 Oct 2014 13:04:36 +0000 http://www.insurancejournal.com/?p=344689 Calmer weather, rate increases, high account retention and lower expenses powered The Chubb Corp. to a what the firm’s CEO said was an “outstanding” third quarter. The New Jersey-based insurer reported that net income in the third quarter of 2014 …

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U.S., EU Urge More Policy Guidance, Specifics in UN Climate Report http://www.insurancejournal.com/news/international/2014/10/24/344687.htm Fri, 24 Oct 2014 12:10:43 +0000 http://www.insurancejournal.com/?p=344687 The U.S. and European Union are pushing for a stronger explanation about the dangers of climate change and the consequences of failing to stem fossil-fuel emissions in the UN’s most extensive report on global warming. The appeals are detailed in …

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Hacala Appointed Financial Institutions Practice Leader, Willis Canada http://www.insurancejournal.com/news/international/2014/10/24/344684.htm Fri, 24 Oct 2014 09:25:08 +0000 http://www.insurancejournal.com/?p=344684 Willis North America, a unit of Willis Group Holdings, has appointed of Roger Hacala as senior vice president and financial institutions practice leader, Willis Canada. In this new role, Hacala will oversee the financial institutions practice within Willis’s Canada region, …

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Weak El Nino May Form in Warmer-Than-Normal Pacific http://www.insurancejournal.com/news/international/2014/10/24/344679.htm Fri, 24 Oct 2014 08:54:59 +0000 http://www.insurancejournal.com/?p=344679 A weak El Nino will probably develop by the year-end, according to MDA Weather Services. While sea-surface temperatures are warmer than normal across most areas in the tropical Pacific ocean, it still doesn’t qualify as an El Nino, Kyle Tapley, …

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AXA CFO Says Euro’s Decline Against Dollar to Help Earnings http://www.insurancejournal.com/news/international/2014/10/24/344677.htm Fri, 24 Oct 2014 08:43:57 +0000 http://www.insurancejournal.com/?p=344677 AXA SA’s Chief Financial Officer Gerald Harlin said the euro’s decline against the dollar should help earnings in coming quarters as France’s largest insurer posted nine-month sales that were little changed. Sales during first nine months of the year were 69.6 billion …

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Video Game Teaches Kids About Money, Asset Protection and Life http://www.insurancejournal.com/news/national/2014/10/23/344673.htm Fri, 24 Oct 2014 03:19:30 +0000 http://www.insurancejournal.com/?p=344673 If your kids are chattering non-stop about things like emeralds, pickaxes and creepers, you may have a unique opportunity to turn a video game addiction into a life lesson about money. Minecraft, a video game phenomenon with over 100 million …

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MyPath Portal Aims to Attract Millennials to Insurance Careers http://www.insurancejournal.com/news/national/2014/10/23/344671.htm Fri, 24 Oct 2014 03:10:09 +0000 http://www.insurancejournal.com/?p=344671 With the insurance industry employee base rapidly aging and retiring, a number of companies and organizations in the field have come up with something that they hope will draw more young adults into the sector. Their solution: MyPath, an online …

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RLI Launches Healthcare Liability Division http://www.insurancejournal.com/news/midwest/2014/10/23/344292.htm Fri, 24 Oct 2014 02:22:28 +0000 http://www.insurancejournal.com/?p=344292 Specialty insurer RLI Corp. of Peoria, Ill., has launched a new healthcare liability unit, RLI Healthcare, and tapped Scott Ducey, former vice president of the healthcare division at Torus, to lead the new division as vice president. RLI Healthcare will …

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CDC ‘Go’ Team Sprints to New York as City Faces First Ebola Case http://www.insurancejournal.com/news/east/2014/10/23/344661.htm Fri, 24 Oct 2014 02:21:08 +0000 http://www.insurancejournal.com/?p=344661 Start packing for New York, the “go” team from the U.S. Centers for Disease Control and Prevention was told. A doctor there was back from a West African hot zone with Ebola-like symptoms. The disease experts traveling tonight are Pierre …

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Judge Questions NCAA’s $75 Million Concussion Settlement http://www.insurancejournal.com/news/national/2014/10/23/344657.htm Fri, 24 Oct 2014 01:50:37 +0000 http://www.insurancejournal.com/?p=344657 The National Collegiate Athletic Association’s bid for preliminary approval of its proposed $75 million plan to settle nationwide litigation over head injuries met with skepticism from a federal judge. The agreement announced in July would allow any athlete who ever …

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Florida Is Hot Spot for Luxury Car Theft http://www.insurancejournal.com/news/southeast/2014/10/23/344655.htm Fri, 24 Oct 2014 01:43:05 +0000 http://www.insurancejournal.com/?p=344655 Drivers of luxury vehicles in Florida should watch out. Their cars are the least likely in the U.S. to be returned if stolen. More than 25 percent of luxury cars taken from the beginning of 2010 through 2013 were never …

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