Daily Headlines: Thursday, August 8, 2013

Contact us | Subscribe | Send to a Friend

August 8, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Small Cars Are Big Losers in Safety Crash Tests The auto industry continued its poor performance in an influential U.S. safety group's new crash test as half of the small cars tested did ... AIG, Former Executives Sued by Nuveen Investment Funds, UCalif Regents Twenty-five Nuveen Investments Inc. funds sued American International Group Inc., claiming the company committed securities fraud in the ... Third Point Re Claims Eligibility for U.S. Jobs Act Disclosure Limits with No U.S. Staff Billionaire hedge-fund manager Daniel Loeb's Third Point Reinsurance Ltd., which has no staff in the U.S., said it can limit financial ... BP Ordered to Pay $130M Operating Costs of Gulf Oil Spill Claims Program BP Plc must pay $130 million to a court-appointed administrator overseeing payments to thousands of people who claimed they were hurt by ... Pfizer to Pay $1.8 Million in Prempro Punitive Damages Pfizer Inc. must pay about $1.8 million in punitive damages to a Connecticut woman who developed breast cancer after taking the company's ... Marsh Q2 Insurance Revenue Up 3%; Sees 'Modest' Price Increases Marsh & McLennan Cos. (MMC) reported its 2013 second-quarter net profit of $388 million, up 17.9 percent compared to $329 million net ... Liberty Mutual Q2 Net Income More Than Triples to $448M Liberty Mutual Holding Co. Inc. posted $448 million net income for its 2013 second quarter, a 222 percent jump from $139 million net income ... Ratings Recap: Catlin (U.S.), LEMIC, Florists' Mutual At the same time that it affirmed its ratings on the Catlin Group A.M. Best also affirmed the financial strength rating of 'A' (Excellent) ... Zurich's Environmental Site Business Enhances Z Choice Policy Zurich has revised its Z Choice fixed facility environmental liability suite of products to include built in coverage features such as ... Markets-in-Motion: How the Industry is Approaching Reputational Risk As technology has grown and changed, so have customers' expectations of their insurance programs. When insurers hear from customers that... How Insurers Can Become Top Companies For Leaders Strong leadership is more than a competitive advantage. It is what makes companies world-class. Today, the need for... More National News East Suit: Philadelphia Contractor Had Invalid Insurance An insurer says a contractor being sued by people injured in a Philadelphia building collapse that killed six others had an invalid ... New Jersey Program Aims to Help Low-Income Homebuyers After Sandy New Jersey is launching a program aimed at helping low- and moderate-income families buy homes in the counties hit hard by Superstorm ... Insurance Industry Charitable Foundation's Boston Chapter to Host Fundraising Event The Insurance Industry Charitable Foundation (IICF) Boston chapter will host a fashion-show fundraising event to support two Boston-area ... EPIC Acquires SafeHarbor Risk Management, Expands in East Coast EPIC, a San Mateo, Calif.-based retail property/casualty insurance brokerage and employee benefits consultant, acquired SafeHarbor Risk ... More East News Midwest Joplin, Missouri to Receive 32 FEMA Storm Shelters The city of Joplin, Mo., is being given 32 storm shelters that were used at temporary housing sites after the 2011 tornado. The Federal ... Background Checks, Fingerprinting of North Dakota Agent Applicants to Begin Sept. 1 The North Dakota Insurance Department announced that as of Sept. 1, 2013, anyone applying to become a North Dakota resident insurance ... State Sues Indiana Bell for Suspending Injured Workers The state has filed a lawsuit against AT&T's Indiana operating unit, alleging it has a policy of suspending workers who report work-related ... First Felony Conviction Won Against Uninsured Employer in Illinois For the first time, an uninsured employer has been convicted of a Class 4 felony for failing to obtain workers' compensation insurance in ... More Midwest News Southeast Army Corps Watching Water Levels at Florida's Lake Okeechobee Water levels in Lake Okeechobee have risen to nearly 16 feet. The rising water levels in the shallow lake have prompted the Army Corps of ... Wilcox Named CFO at Universal Insurance Holdings Florida-based Universal Insurance Holdings Inc. has elected Frank Wilcox, formerly vice president of finance, as the company's chief ... More Southeast News South Central Woodruff Promoted to VP, Commercial Client Services at RHSB Courtney Woodruff has been promoted to vice president of commercial client services at Texas-based insurance brokerage, Roach Howard Smith ... Arkansas AG: School District Must Name Teachers in Gun Program An Arkansas school district that trained more than 20 teachers and staff to carry concealed handguns on campus through a program that faces ... Oklahoma Insurance Claims from May Tornadoes Top $1 Billion Insurance payments from the May tornado outbreak across central Oklahoma have now topped $1 billion, state insurance regulators report. ... More South Central News West IRMI Acquires Agribusiness and Farm Certification from IIABCal International Risk Management Institute Inc. has entered into an agreement with the Independent Insurance Agents & Brokers of California to ... Remington Asks Judge To Dismiss Montana Lawsuit Over Rifle Gun manufacturer Remington has asked a federal judge to dismiss a proposed class-action lawsuit by Montanans who bought a type of rifle ... Schools In Windsor Report Hail, Storm Damage The heavy rain and hail that hit Weld County over the weekend damaged not only crops but also schools. The Greeley Tribune reported Windsor ... WCIRB Raises Advisory Pure Premium 3.4% The Workers' Compensation Insurance Rating Bureau's Governing Committee voted unanimously on Wednesday to authorize the WCIRB to file an ... Report Released on Insurer Procurement Diversity in California A survey of supplier diversity in the insurance industry for California's largest 206 insurance companies was issued on Wednesday. The ... More West News International Kenya Resumes International Flights After Fire Shuts Airport Kenya accepted some incoming international flights at Jomo Kenyatta International Airport after fire engulfed the arrivals terminals ... Aon Benfield's July Cat Report Confirms Canada's 2nd Billion Dollar Loss According to the latest Global Catastrophe Recap report from Impact Forecasting, the catastrophe model development center of excellence at ... ING Eyes More Cost Cuts as Profits Top Forecast; Insurance Divestment Planned Dutch financial group ING beat second-quarter profit forecasts at its banking business and said it could announce more cost savings later ... Swiss Re Posts $786 Million Q2 Net Income; But P&C Combined Ratio 100.7% Swiss Re reported net income of $786 million for the second quarter of 2013, despite what the report described as a "period that saw high ... Munich Re Licenses AIR's Updated Crop Insurance Models for U.S., China AIR Worldwide reported that it has updated its Multiple Peril Crop Insurance (MPCI) Models for the United States and China. "These are ... ACE Appoints Russell Regional Sr. Prof. Indemnity Underwriter UK/Ireland ACE Group announced the appointment of Geoff Russell as Regional Senior Professional Indemnity Underwriter, UK and Ireland, effective ... More International News Join the Insurance Journal Network Insurance Journal TV Opportunity in ACA Reprieve Shawn P. Pynes, a principal with Barney & Barney LLC in San Diego, sees the temporary reprieve... Watch Now 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 Watch more videos at InsuranceJournal.tv New Discussions in the Forums Canadian Auto ID Cards Posted: Wed Aug 7 -- Our lead insurance company supplies them to us. gforaker Insurance agencies for sale ? Posted: Wed Aug 7 -- Still Looking.. if anyone has anything...Thanks CoJones comp in ca for unarmed security firm Posted: Tue Aug 6 -- I can't speak for CA but I have written alot of this business. Allrisks has a program through Everest and they have written startups for me.... Halpert Student Habitional Indiana Markets needed Posted: Thu Aug 1 -- I have an admitted market that will write them up to $30 mil per location and package it with the GL. Give me a call to discuss. Aaron R.... aasquith Which form to write D&O coverage on- opinion needed Posted: Thu Aug 1 -- Thank you Bill. Good advice. ALS Construction - Worldwide Posted: Thu Aug 1 -- Rui, I have a few other players who can offer terms on this type of risk... INTLXS 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 Go to Forums Reader Comments Obamacare Bets on Election-Like Data Wizardry, Young Adults to Beat Partisan Opposition Posted: Tue Aug 6 -- Since PRIVATE carriers are insuring these people, I am sure they will follow risk management, statistical analyses on cost drivers, and... Libby Ralph Nader Planning Tort Law Museum Posted: Thu Aug 1 -- Speaking of gas cans, here's a great real claim. Daddy is out mowing the lawn one day. Four year old junior sees him. Daddy runs out of gas... Dave North Dakota Man Suing Insurance Company Over Potato Case Posted: Mon Aug 5 -- You say "po-tay-to" and I say "po-tah-to" I say "I'll sue you" and you say "I'll see you" "po-tay-to". "po-tah-to". "I'll sue you". "I'll... reality bites Court: No Workers' Comp For Oregon Dock Urinator Posted: Mon Aug 5 -- This reversal was a good one. Libby U.S. Court Rejects Firm's Challenge to Obamacare Contraception Mandate Posted: Thu Aug 1 -- Recall every single person in DC - Top to bottom. Put a Business man in and get thikngs done. Maybe OBama should take a page from Quinns... FFA Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue August 5, 2013 Top 100 Retail Agencies; Homeowners & Condos; Autos 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 P&C and L&H Producers / Branch Leaders Underwriter Claims Examiner Insurance Professionals Have a job opening? List it on our Web site. 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. Subscribe | Unsubscribe | Send to a Friend | Contact Us Insurance Journal 3570 Camino del Rio North, Suite 200 San Diego, CA 92108 (800) 897-9965 Copyright © 2013 by Wells Media Group, Inc.