Thursday, February 28, 2013

Daily Headlines: Thursday, February 28, 2013

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Insurance Journal Daily Headlines
February 28, 2013
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Bipartisan Optimism As Sweet As Maple Syrup at Workers' Comp Conference

The political stalemate in Washington regarding the deficit and sequestration is not as dire or depressing as most people and pundits ...

Snapshot: Who Are America's Small Business Entrepreneurs?

About one third of America's entrepreneurs are women, many are between the ages of 30 and 49, and 60 percent spent more than six months ...

AIG Expands NextGen Product to Transportation, Logistics Industry

The American International Group (AIG) insurers have expanded their NextGen Protection suite of products with the release of PLL ...

Day #2 at Oil Spill Trial: BP Drilled Despite Earlier Problems

BP Plc took chances drilling its doomed Macondo well long before it ruptured in 2010, a well design and pressure expert said on Wednesday ...

Bipartisan House Bill Seeks to Stop Abusive Patent Lawsuits

Two U.S. Congressmen introduced a bill on Wednesday that would penalize companies that file frivolous patent infringement lawsuits, derided ...

From MyNewMarkets.com Will Wind/Hail Cosmetic Damage Exclusion Endorsements Become the Norm?

Cosmetic damage from wind and hail to homeowner and commercial properties may no longer be covered if insurers opt to use new endorsements,...
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East

Judge Approves Dewey & LeBoeuf Liquidation Plan

A federal bankruptcy judge approved the liquidation plan for Dewey & LeBoeuf on Wednesday, a milestone in the winding down of the collapsed ...

International Insurers, Reinsurers to Shoulder Half of Sandy Losses: ABIR

International insurance and reinsurance companies are expected to cover half of total insured losses from Superstorm Sandy, an industry ...

N.Y. Seeks to Finalize Still-Unresolved Sandy Claims; Insurers to File Weekly Reports

New York regulators said this week insurers would be required to follow additional rules to expedite the resolution of remaining ...

New Hampshire Officials Warn Snow Poses Roof Collapse Danger

New Hampshire emergency management officials are warning the third major snowstorm in a month is increasing the danger that roofs could ...

Erie Insurance Names IT Senior Vice President in Pennsylvania

Erie Insurance appointed Keith Kennedy as senior vice president for strategic and integrated services with the company's Information ...

New FEMA Flood Maps for NYC Include WTC Site

The Federal Emergency Management Agency has released new advisory maps for Manhattan that include the World Trade Center site in the zone ...
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Midwest

Jury Awards $3.35M in Vaginal Mesh Case Against J&J

A jury said Johnson & Johnson should pay a South Dakota woman $3.35 million for failing to adequately warn her doctor of the potential ...

$4.3M Recovered in 2012 for North Dakota Consumers

North Dakota Insurance Commissioner Adam Hamm has released a report that shows more than $4.3 million was recovered or saved for North ...

South Dakota Panel Endorses Cellphone Ban for Young Drivers

A measure that prohibits beginning drivers from using cellphones or other electronic devices until they get unrestricted licenses at age 16 ...
Southeast

Insurers Split Over Proposed Changes to Florida Guaranty Fund

Florida lawmakers have kept alive a bill that would alter the method of funding the state fund that pays the claims of insolvent property ...

Alabama Looks to Limit Lawsuits Against Airbus Suppliers

Alabama officials are trying to cut down on competition from Mississippi and Florida for Airbus suppliers by limiting lawsuits against ...

West Virginia Cites 45 Violations After 2 Deaths at Mine

State inspectors have issued 45 violations at a West Virginia coal mine since two men died there earlier this month, including one for ...

BrickStreet Insurance Gives West Virginia University Record $4M Gift

West Virginia University's College of Business and Economics has received the largest gift in its history. The university said that the ...
South Central

NTSB: Train Missed Signals Before Oklahoma Crash

One of two freight trains that collided in the Oklahoma Panhandle last summer, killing three workers and causing an inferno that nearly ...

Louisiana Commissioner Praises Court Ruling on Emergency Rule

Louisiana Commissioner of Insurance Jim Donelon announced he is pleased that the 19th Judicial District Court has upheld an emergency rule ...

Arkansas Electronic Proof of Insurance Bill Goes to Governor

The Arkansas Legislature has approved a bill allowing drivers to use their cellphones or other portable electronic devices to display proof ...

Wells Fargo Insurance Concussion Care Program Expands in Texas

Wells Fargo's Student Insurance Division, part of Wells Fargo & Co., announced plans to expand its Play it Safe Concussion Care Program to ...

Boat Collision Causes Small Oil Spill Near New Orleans

A boat collided with an inactive oil and gas well near New Orleans on Tuesday night, causing a small oil spill, the U.S. Coast Guard and ...
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West

New Mexico House Approves Insurance Regulator Overhaul

The House has approved a proposal for establishing an independent state office regulating the insurance industry in New Mexico. The measure ...

Colorado Lawmaker Wants Assault Weapons Liability for Sellers and Owners

Sellers and owners of assault weapons could be liable for damages caused by shootings in Colorado, another response from Democrats to ...

Idaho Court: Baseball Fan Can Sue Over Ball Injury

A man who lost an eye after being hit by a foul ball at a baseball game can seek damages from a minor league team in Idaho. The Idaho ...

EPA Assessing Possible Cancer Cluster In Oregon

The Environmental Protection Agency held a meeting in Salem, Ore. to update the public on a preliminary assessment of four sites in west ...

Idaho Religous Groups Could Get Exemptions From Insurance Laws

Nonprofit religious groups that help members share medical costs are a step closer to being exempted from Idaho insurance laws. The Senate ...

Lockton's Denver Energy Practice Expands With Gately

Kim Gately has joined Lockton Denver as a member of its expanding energy practice. Gately, who serves as vice president and account ...

Northern California Business Owner Sentenced For Premium Fraud

A Northern California business owner has been sentenced for workers' compensation insurance premium fraud and pay over $2 million in ...
International

AIR Update: Tropical Cyclone Rusty Makes Landfall in Western Australia

Catastrophe modeling firm AIR Worldwide reported that Tropical Cyclone Rusty came ashore with 1-minute sustained winds of 136 km/h [85 mph] ...

FACTBOX-What UK Banks Have Set Aside for PPI Mis-Selling

Royal Bank of Scotland has set aside another £1.1 billion ($1.667 billion) to compensate customers for mis-selling two types of products, ...

Arc Legal Partners with Rent4sure for Online Claims Reporting for Landlords

The UK's Arc Legal Assistance announced that it has been appointed by real estate agents Rent4sure to "provide a range of comprehensive ...

Ratings Roundup: Eurasia, Kazakhinstrakh

A.M. Best Europe - Rating Services Ltd. has affirmed the financial strength rating of 'B++' (Good) and issuer credit rating of "bbb+" of ...
Insurance Journal Blogs

Texas Bills Look to Address Mitigation, Wind Pool

This week, two important pieces of legislation began moving through the Texas Legislature. H.B. 1890 was filed by Rep. Phil Stephenson, ...

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Insurance Journal TV

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Cost of Disaster Relief: IBHS CEO Rochman

Why does it seem easier for society and, in particular, government to respond by spending lots...
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How Improving Agency Processes Boosts Profitability

To boost their profitability, agencies make investments all the time in people and technology,...

TV icon Watch more videos at InsuranceJournal.tv

New Discussions in the Forums

CA after-school GL and Auto
Posted: Thu Feb 28 -- Looking for GL/Auto market for an after-school in California. Its daily operation like: Use its own mini van to transport elementary student... antagent
QuickBooks
Posted: Thu Feb 28 -- just as an FYI - the new agency platform from Quikfuzion.com will be announcing a tight integration with Quickbooks. That will handle the... jtmgolf00
Insurance Noodle vs. Superior Access vs. Agent Secure
Posted: Thu Feb 28 -- "These MGA's are working on quantity and the system is set up for expedicious processing when a risk... Pathwayinsurance
Carrier technology
Posted: Thu Feb 28 -- Grange & Progressive are exceptional. Pathwayinsurance
SEO and buying back links
Posted: Thu Feb 28 -- Google has made some massive changes Is of January 17, 2013 for backlinks, one agent went from page one to page 13 for many of hi keywords... Pathwayinsurance
Imprezzio Marketing: SEO Firm
Posted: Thu Feb 28 -- "I agree with much of what d says. Here is a good thread about SEO from a few years back... Pathwayinsurance
Insurance directories??
Posted: Thu Feb 28 -- Not all paid directories will get you penalized, for instance Google likes the BBB. Technically not a directory, but like a directory If... Pathwayinsurance
Online Competition
Posted: Wed Feb 27 -- R: d's insurance store. D's comments very astute. As an long time commercial underwriter now agent/broker. Unfortunately, I agree with every... mccluney

Reader Comments

Rate Cap for Older Insureds to Mean Higher Health Insurance Costs for Younger
Posted: Mon Feb 25 -- Yes Dave, rates are already skyrocketing across the country. For one thing, companies know they have to accept the PreX crowd and all their... Agent
'Devil's Tooth Exorcism' Results in $3.7M Claim Against Tennessee Church
Posted: Tue Feb 26 -- Should be easy to settle "a tooth for a tooth?" Original Bob
California School District Sued Over Yoga Program
Posted: Fri Feb 22 -- "Children who have opted out of the program ..." 'nuff said on a constitutional basis. It isn't mandatory. InsGuy
World Trade Center Developer Challenges Airline's 'Act of War' Defense for 9/11 Attacks
Posted: Thu Feb 21 -- I'm not going to comment on the potential coverage issues involved here. My only first hand observaiton is, that after nearly 12 years,... Claimsguy
A University Health System Says It Will Stop Hiring Smokers in Pennsylvania
Posted: Tue Feb 26 -- Bob, You need to find a sense of humor. Again, lighten up. You're wound tighter than a 95 year old virgin. I don't think Planet was doing... jw

Current Issue

February 25, 2013
Current Issue
Hospitality Risks Directory; Homeowners & Auto; Public Entities

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Copyright © 2013 by Wells Media Group, Inc.

New Markets Daily: February 28, 2013

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February 28, 2013

Market Announcements

Inflatables

What scares some people is not a problem for others - take Inflatables for example. Jimcor agencies has the markets that understand ...
States: CT, DE, FL, MA, MD, NJ, NY, OH, PA, RI, WV

Renters Insurance

Quotes in 30 seconds, bind in less than 1 min, No Credit scoring, All types of dwelling, direct bill or EFT payment at time of ...
States: AL, AR, AZ, CO, DE, FL, GA, IL, KS, KY, LA, MD, MO, MS, NC, NJ, NM, NV, OH, OK, PA, RI, SC, TN, TX, VA, WV

Mentoring Programs Insurance

AFC's Health & Human Services Insurance Program includes insurance coverages for Mentoring Programs. This may involve pairing ...
States: All except AK, HI

Storage Tank Pollution Liability from

Above and Underground storage tanks up to 30 years old. Minimum premium of $350. The US Assure Advantage: Direct access ...
States: All states

Service Station & C-Store Insurance

Convenience Store, Gas Stations, Service Station, 24Hrs Stations Insurance package We offer variety of insurance packages to ...
States: CA, GA, LA, TX

Feature Articles

Will Wind/Hail Cosmetic Damage Exclusion Endorsements Become the Norm?

Cosmetic damage from wind and hail to homeowner and commercial properties may no longer be covered if insurers opt to use new endorsements,... Read more

Price Stability on the Horizon for Lawyers E&O Class

Claims from the real estate and financial meltdown of 2008 are finally catching up to carriers in the lawyers professional liability... Read more

Wells Media Launches Carrier Management For P/C Insurance Executives

Without a single headline referring to a hardening property/casualty insurance market, Wells Media Group has launched a new... Read more

Latest Forums

Looking for a market for a 15 passenger van used for church activities (weekly pickups) In FL

Looking for a market for a 15 passenger van used for church activities (weekly pickups) In FL.  I am having trouble finding a ...
by kmosenthin on Wed Feb 27, 2013

Re: Need a WC quote for a risk with a governing class code - 8810

No this is a marketing office. The issue is that majority of carriers i talked to didn't like the exposure being 99% clerical. 
by edmundich on Tue Feb 26, 2013

Commerical Auto for Fireworks Display

Need a market for commerical auto for companies that are in the Pyrotechnic Industry.  Exposure will include hauling of ...
by jschoenthal on Tue Feb 26, 2013

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Daily Headlines: Wednesday, February 27, 2013

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Insurance Journal Daily Headlines
February 27, 2013
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

U.S. Cities in Front Line of Adapting to Extreme Weather, Rising Sea Levels

The signs of rising water are everywhere in this seaport city: yellow "Streets May Flood" notices are common at highway underpasses, in ...

Mississippi River Flood of 2011 Caused $2.8B in Economic Damage: Army Corps

The Mississippi River flooding of 2011 caused $2.8 billion in damage and tested the U.S. Army Corps of Engineers' system of levees, ...

Supreme Court Limits When SEC Authority Can Levy Fraud Penalties

The U.S. Supreme Court on Wednesday limited the authority of the federal government's top securities regulator to seek civil penalties over ...

Teen Driver Deaths Increased in First Half of 2012

Deaths of younger teen drivers increased sharply in the first six months of last year, reversing a decade-long trend, according to a report ...

Assurex Global Launches Employee-Benefits Marketplace Platform

Assurex Global has launched a new private marketplace employee benefits platform for employers to offer a wide-range of administrative ...

ISO Revises "Bring Your Own Alcohol" Establishment Exclusion

ISO has enhanced its commercial general liability (CGL) insurance program to address exposures for establishments that allow their patrons ...

Allied World Launches U.S. Surety Unit

Allied World Assurance Company Holdings, AG's Allied World U.S. has expanded its casualty operations with the launch of a new surety line ...

From MyNewMarkets.com Price Stability on the Horizon for Lawyers E&O Class

Claims from the real estate and financial meltdown of 2008 are finally catching up to carriers in the lawyers professional liability...
Sponsored by: Carrier Management. Are You An Insurance Company Executive? We've Built Something Amazing Just For You. Click here for more information.
East

Industry Group Testifies on Sandy Claims Handling Process in New York

An insurance industry association testified about insurers' response to Superstorm Sandy and the lessons learned at a hearing Tuesday ...

Donegal Group's Profit Jumps to $23M for Full-Year 2012

Donegal Group, a property/casualty insurance holding company based in Marietta, Penn., reported $6.22 million net income for the 2012 ...

New Jersey Officials Say Safety Trumps Leafy on Garden State Parkway

The clearing of trees from the median of a 16-mile stretch of the Garden State Parkway is raising some eyebrows. Some motorists are ...

Study: 3 New Jersey Roads Most Dangerous for Pedestrians

A new study awards a dubious distinction to three New Jersey roadways. The Tri-State Transportation Campaign finds that from 2009 to 2011, ...
Join us Tomorrow - Why Should I Hire You as My Insurance Agent? - new class from Academy of Insurance
Midwest

PCG Agencies Named Travelers' Midwest Personal Lines Agency of Year

PCG Agencies Inc., a personal property/casualty insurance and risk management firm headquartered in St. Paul, Minn., has been named ...

Hylant Promotes Crisan to Senior VP

Toledo, Ohio-based insurance brokerage, Hylant, has promoted Robert Crisan to the Hylant corporate employee benefits team as senior vice ...

Indiana House Passes Bill Limiting Mo-Ped Speeds

The Indiana House has approved a bill that would set a 30 mph speed limit for mo-ped users on the state's roadways. The measure approved ...

Traffic Fatalities Up in South Dakota in 2012, Down From Average

South Dakota officials say the number of traffic fatalities in the state were up in 2012, but below the average for the last 10 years. ...

Blizzard Eases U.S. Plains Drought but Crops Need More Moisture

A blizzard this week in the drought-stricken U.S. Plains will moisten soil for major crops, but the snow storm made it difficult to feed ...
Southeast

Tennessee Court Reinstates Damages in Assisted Living Center Death

The Tennessee Supreme Court has reinstated a jury verdict against the management company of a Shelbyville assisted living center in a case ...
South Central

Hall Named Arkansas/Oklahoma Regional VP for Liberty Mutual

Ronald Hall has been appointed regional vice president for Liberty Mutual Insurance's Arkansas/Oklahoma territory in the Southwest region ...

Oklahoma Bill on Appointees Includes Insurance Commissioner Post

Oklahoma voters will decide whether to increase the governor's appointment powers under a bill that sailed through a Senate committee, ...

2nd Winter Storm in Days Blasts Central U.S.

The second major snowstorm in a week battered the nation's midsection on Feb. 26, dropping a half-foot or more of snow across Missouri and ...

Texas Auto Insurers Back Texting While Driving Restrictions

Texas' major auto insurers support proposed legislation to prohibit texting while driving as the next logical step to prevent accidents and ...

Louisiana Workers' Comp Corp. Policyholder Dividend Largest-Ever

Louisiana Workers' Compensation Corp. (LWCC) has declared a 2012 dividend of $48.7 million, the company's largest dividend ever. It will be ...
West

Driving Stoned Bill Passes Colorado House Committee

A bill that sets the legal limit to just how "stoned" drivers in Colorado can be passed unanimously in the House Judiciary Committee on ...

PCI: Bill Protects Discounts for Alaska Insurance Consumers

Alaska insurance consumers will benefit if a measure under consideration is approved, according to the Property Casualty Insurers ...

Judge Leans Toward Letting Jackson Suit in California Continue

A judge says she is inclined to allow a lawsuit by Michael Jackson's mother against concert promoter AEG she claims is responsible for her ...

Family Of Man Shot By Police in Hawaii Files Lawsuit

The family of a man shot to death by Kauai police a year ago in Hawaii has filed a wrongful death lawsuit against the department, Kauai ...

Strickland Joins Woodruff-Sawyer in Oregon

Woodruff-Sawyer & Co. named Marc Strickland to the firm's Portland, Ore. office as vice president and account executive of employee ...

Oregon Report: Workers' Comp Increases Coming

More data is power, but then again knowledge goes only so far - especially in workers' compensation. A report out on Tuesday shows ...

Rojas and Topolosky Join IMA in Colorado

The IMA Financial Group Inc. added Tara Tongco Rojas as communications manager and Jenny Topolosky as communication specialist to its ...
Los Angeles Westin Bonaventure Hotel. March 7th 2013. Click here for more information.
International

Australia's Port Hedland Iron Shipping Port Spared Worst of Cyclone Rusty

A powerful cyclone that brought half the world's seaborne-traded iron ore to a halt spared Australia's Port Hedland shipping hub on ...

Best Sees No Ratings Change for UK Insurers Following Moody's Downgrade

A.M. Best Europe - Rating Services Ltd. said it "does not anticipate any impact on its ratings of insurers operating in the UK as a direct ...

AIR Worldwide Analyzes Potential Impact of Tropical Cyclone Rusty

Catastrophe modeling firm AIR Worldwide described Tropical Cyclone Rusty as having grown rapidly in intensity since its formation on ...

Markel and Alterra Shareholders Approve Acquisition

Markel Corporation and Bermuda-based Alterra Capital Holdings Limited have jointly announced that respective shareholders have voted in ...

Aspen Announces $150 million Accelerated Share Repurchase Program

Bermuda-based Aspen Insurance Holdings Limited announced that it has entered into an Accelerated Share Repurchase (ASR) agreement with ...
Join us Tomorrow - Why Should I Hire You as My Insurance Agent? - new class from Academy of Insurance

Insurance Journal Blogs

More Good News/Bad News for Florida Insurance Market

Floridians would face about $7.19 billion in post-hurricane taxes to make up the funding shortfalls of state-run Citizens Property ...

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Insurance Journal TV

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Cost of Disaster Relief: IBHS CEO Rochman

Why does it seem easier for society and, in particular, government to respond by spending lots...
Video thumbnail

How Improving Agency Processes Boosts Profitability

To boost their profitability, agencies make investments all the time in people and technology,...

TV icon Watch more videos at InsuranceJournal.tv

New Discussions in the Forums

Need Comp in Ca
Posted: Tue Feb 26 -- Hi Trotter, there are a few Zurich programs on ZProgramsMatch that may fit your needs... The best bet is most likely Comercial... gkroll
Online Competition
Posted: Tue Feb 26 -- I don't see the smaller, 'boutique' retail agency dabbling in all lines...mostly personal, some commercial, some life/health as a growth... d's insurance store
1st Year as a Producer Stories
Posted: Mon Feb 25 -- Hi California dude - I posted your question to IJ's LinkedIn group and got a slew of great responses. I hope they help!... lnguyen
Co-Insured & Additional Insured Definition
Posted: Fri Feb 22 -- Co-insured Doctrine - look it on Google Legal Scholar. It concerns, for example, an apartment house or a condominium association which... webgirl
What marketing efforts are generating business?
Posted: Thu Feb 21 -- Our LinkedIn group has a lively discussion on... Josh
Farmers vs. Independent
Posted: Mon Feb 18 -- I was a Farmers Agent (FIG) for 22 years - I was terminated about 4 years ago. I was profitable for all but about 3 years when we had large... William Graham

Reader Comments

World Trade Center Developer Challenges Airline's 'Act of War' Defense for 9/11 Attacks
Posted: Wed Feb 20 -- As long as Mr. Silverstein accepts responsibility for all of the damage and illness caused by his buildings after they fell. Seems reasonable
Rate Cap for Older Insureds to Mean Higher Health Insurance Costs for Younger
Posted: Mon Feb 25 -- Yes Dave, rates are already skyrocketing across the country. For one thing, companies know they have to accept the PreX crowd and all their... Agent
Michigan to Issue Driver's Licenses to Illegal Immigrants
Posted: Wed Feb 20 -- So.....if the person is illegal, we're giving them drivers licenses? Shouldn't we be packing them up and sending them home? Just don't get... TooLongInInsurance
California School District Sued Over Yoga Program
Posted: Fri Feb 22 -- "Children who have opted out of the program ..." 'nuff said on a constitutional basis. It isn't mandatory. InsGuy
'Devil's Tooth Exorcism' Results in $3.7M Claim Against Tennessee Church
Posted: Tue Feb 26 -- Should be easy to settle "a tooth for a tooth?" Original Bob

Current Issue

February 25, 2013
Current Issue
Hospitality Risks Directory; Homeowners & Auto; Public Entities

More Newsletters

Choose Newsletters
Enter Your E-mail

How to Advertise

For information about advertising on this newsletter and Insurance Journal magazines, contact Julie Tinney at (800) 897-9965 x148.
View our Media Kit for advertising options in our magazines and online properties.
Insurance Journal
3570 Camino del Rio North, Suite 200
San Diego, CA 92108
(800) 897-9965
Copyright © 2013 by Wells Media Group, Inc.