Daily Headlines: Thursday, August 1, 2013

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August 1, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National P/C Industry Faces Challenges If Terrorism Coverage Not Renewed: Fitch If Congress fails to renew or makes significant changes to the federal government's terrorism risk insurance program, some insurers will be ... Ralph Nader Planning Tort Law Museum Ralph Nader has a new cause. After dedicating nearly half a century to battling businesses over almost everything from dangerous products ... Senate Bill on Chemical Safety Runs Into Roadbloack A bipartisan measure on federal toxic chemical standards would undercut state efforts, the head of a Senate committee said in comments that ... Testing of Health Exchanges' Technology Planned for September The Obama administration is preparing to subject the information technology backbone of the new state and federal healthcare exchanges to ... Allstate's Investments Up, Disaster Costs Down in Q2 Allstate Corp., the largest publicly traded U.S. auto and home insurer, said second-quarter profit climbed on investment gains and reduced ... How Health Law Could Affect Medical Professional Liability The U.S. medical professional liability (MPL) market has been profitable in recent years but challenges await MPL insurers because an influx... How Topgrading Helped One Commercial Insurer Hire Nearly All 'A'-Level Managers Argo Group has nearly doubled its hiring of topnotch, "A"-level managers over the past five years, using a hiring... More National News East New York's MTA Obtains $200M of Protection With Catastrophe Bonds The Metropolitan Transportation Authority, which suffered $4.8 billion in damage from Superstorm Sandy last year, obtained $200 million of ... Hanover Q2 Profit Rises to $53M, Says Pricing Environment Still Strong The Hanover Insurance Group Inc. reported net income of $53.4 million for the 2013 second quarter, an increase of 157 percent compared to ... Selective Insurance Q2 Profit Advances to $27M Selective Insurance Group Inc. reported $27.1 million net income for its 2013 second quarter, improving from $0.3 million net income during ... HUD Revises Policy for Reimbursing N.J. Home Repairs Federal officials have revised policies that were keeping some New Jerseyans affected by Superstorm Sandy from receiving funds they were ... FEMA: $3.7B in NFIP Payments Made to N.Y. Claimants Post-Sandy The Federal Emergency Management Agency announced this week that so far, nearly $3.7 billion in National Flood Insurance Program payments ... More East News Midwest Ex-Insurance Agent From Iowa Indicted On Mail Fraud Counts A former Marshalltown, Iowa insurance agent has been indicted on federal mail fraud charges after being accused of defrauding customers for ... Traffic Deaths Continue to Rise in Minnesota The number of people killed on Minnesota roadways is on the rise again. State officials say there have been 204 deaths already this year. ... Officials: Michigan Levee may get $1.5M upgrade Officials in Frankenmuth, Mich. say a levee designed to protect areas of the city along the Cass River from flooding may need a $1.5 ... Northwestern Settles Cancer Research Whistleblower Fraud Claim Federal prosecutors in Chicago have announced Northwestern University has agreed to pay nearly $3 million to settle a whistleblower's ... 2013 Already a Deadly Year at Iowa Rail Crossings The number of railroad crossing deaths in Iowa this year already is higher than what is typical for an entire year, but it's not clear why ... More Midwest News Southeast South Carolina Man Must Pay $75K for Defamation for Forwarding Email A North Charleston man has been ordered to pay $75,000 to best-selling author Fern Michaels for defamation. The Herald-Journal of ... More Southeast News South Central Oklahoma Insurance Commissioner to Host Recovery Roundup in Moore State insurance officials are planning an event to help central Oklahoma residents who are still dealing with insurance issues involving ... University Of Central Oklahoma to Co-Host 2014 Tornado Summit The University of Central Oklahoma has been selected as a co-host of the 2014 National Tornado Summit. The summit serves as a forum for ... Dean Takes Reins at Dean & Draper in Texas Houston, Texas-based Dean & Draper Insurance Agency LP announced that Kyle Dean has taken the helm as president and CEO in the wake of Bob ... More South Central News West Judge Rejects California Suit Against Timber Co. Over Fire A Plumas County judge has dismissed a state lawsuit against California's largest timber company for a 2007 wildfire that destroyed more ... Guide to Help Hawaii Boaters Prepare For Disasters Hawaii boaters have a new guide to help them protect themselves and their vessels from natural disasters. The University of Hawaii and the ... Poms Names Tynan Vice President in Colorado Poms & Associates Insurance Brokers Inc. named Casey Tynan vice president of business development in its Denver, Colo. office. Tynan will ... Montana Offers Tax Relief For Disaster Damages Montana tax officials say property owners with damage to their homes or forestlands from recent natural disasters can apply for property ... Judge Won't Toss $70M Jury Award Against Las Vegas Sands A Hong Kong businessman is one step closer to collecting a multibillion-dollar award from Las Vegas Sands Corp., the largest U.S. casino ... More West News International Cat Bond Issuance Hits 6-YearHhigh: Aon Benfield ILS Report Aon Benfield Securities, the investment banking division of global reinsurance intermediary and capital advisor Aon Benfield, has issued it ... CP Rail Subcontracted to MMA in Quebec Train Crash; Coverage an Issue Canadian Pacific Railway, hired to transport oil from North Dakota to New Brunswick, subcontracted part of the job to the small railroad ... Corporate 'Sleuths' on Edge after China Detains Foreign Consultants The detention by Chinese authorities of a British corporate investigator and his American wife in the wake of a corruption probe into ... Corporate 'Sleuths' on Edge after China Detains Foreign Consultants The detention by Chinese authorities of a British corporate investigator and his American wife in the wake of a corruption probe into ... Fairfax Provides American Safety with Waiver under Merger Agreement Bermuda-based American Safety Insurance Holdings, Ltd. announced that Fairfax Financial Holdings Limited has provided the company "with a ... More International News Sponsored Content American Claims Management Wins El Camino Hospital Contract San Diego, CA, 08/01/13 - American Claims Management Inc. (ACM), a national third party administrator (TPA), has been selected as the ... More Sponsored Content Insurance Journal Blogs Unlocking prospect information to win business  Information gathering strategies Unlocking prospect information is a critical skill set that separates the best agents from rest. Recent ... More Blogs Join the Insurance Journal Network Insurance Journal TV From 3D Printing to Driverless Cars: Emerging Risks on the Horizon New technology is happening all the time, and with that comes new risks, says Graeme Newman,... Watch Now Oklahoma Opens Up to Captive Insurers Oklahoma this year will join the ranks of other states that aim to attract and keep captive... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Which form to write D&O coverage on- opinion needed Posted: Thu Aug 1 -- Thank you Bill. Good advice. ALS Student Habitional Indiana Markets needed Posted: Thu Aug 1 -- Does any now of any company that will right Student apartments in IN? thanks for the help! Melowen3 Hotels in Ca Posted: Tue Jul 30 -- CIG californiadude Need comp in ca code 5474 painting Posted: Tue Jul 30 -- Have you tried Arrowhead General? californiadude comp in ca for unarmed security firm Posted: Mon Jul 29 -- Hi Trotter! We had to market a similar account, on a smaller scale last month and we were successful! The Workers Comp portion was difficult... pnik33 Why I believe in insurance agents Posted: Sat Jul 27 -- Why don't doctors and lawyers advertise with cheesy cartoon characters? Emma Trying To Place: Public Livery Delaware Posted: Fri Jul 26 -- I have a complete application and loss runs for an account that does non-emergency medical transportation. They have been in business for 12... DIG2013 Go to Forums Reader Comments Dead Farmers Get Millions in Federal Crop Insurance Payouts Posted: Tue Jul 30 -- Now if the headline had been, "Dead Welfare and Food Stamp Recipients received Millions in Benefits," you know this article would be... Celtica Jury Awards Oregon Woman $18.6M Over Credit Report Posted: Mon Jul 29 -- Well deserved- the punitive verdict is necessary to act as a deterrent- Federal Law Mandated corrective action which obviously was ignored... Jack Straw U.S. Court Rejects Firm's Challenge to Obamacare Contraception Mandate Posted: Wed Jul 31 -- Oh. My. God. Are you SERIOUSLY saying that MEN have had it worse over the years, than women? And that it's WOMEN'S FAULT??? And you're... BS Woman Awarded $775K After Tripping At Vegas Casino Posted: Tue Jul 30 -- Speed bumps are meant to slow people down. She wouldn't have tripped if she was walking slower. Cheetoh Mulligan Halliburton Pleads Guilty to Destroying Gulf Oil Spill Evidence Posted: Mon Jul 29 -- Trashy? Trash talk, maybe. But that doesn't mean it ain't true, Bob! Libby Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue July 22, 2013 Excess, Surplus & Specialty Markets Directory, Volume II More Newsletters Choose Newsletters Daily Headlines Weekly Reader Picks Magazine Update Insurance Journal TV Classifieds Breaking News MyNewMarkets Daily Claims Daily Enter Your E-mail Market Directories Excess & Surplus Markets Programs Workers' Comp Markets New Insurance Jobs Personal Insurance Sales Representative Personal Insurance Sales Representative Customer Service Representative Chief Underwriting Officer Have a job opening? 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