Wednesday, February 27, 2013

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...
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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, ...
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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 ...
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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 ...
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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...
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How Improving Agency Processes Boosts Profitability

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

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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

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February 25, 2013
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