Tuesday, August 13, 2013

Daily Headlines: Tuesday, August 13, 2013

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Insurance Journal Daily Headlines
August 13, 2013
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Rates for Same Workplace Injuries Vary by State: Study

Rates of serious workplace injury and illness vary significantly between states, even for workers in the same industries, according to a ...

Republican Sen. McConnell Calls for Delay in Obamacare Insurance Exchanges

Senate Republican leader Mitch McConnell on Monday called on the Obama administration to delay the Oct. 1 opening of exchanges where ...

Tower Group, Meadowbrook Delays on Filings Could Trigger Shareholder Actions

After two property/casualty insurers--Tower Group International Ltd. and Meadowbrook Insurance Group--said they would delay scheduled ...

Best Places Tower Group Subs Ratings on Review/Negative

A.M. Best Co. has placed under review with negative implications the financial strength rating (FSR) of 'A-' (Excellent) and issuer credit ...

Arthur J. Gallagher Acquires Broker Bollinger

Insurance broker Arthur J. Gallagher & Co. has acquired insurance broker Bollinger Inc., headquartered in Short Hills, New Jersey, for ...

From MyNewMarkets.com 60% of Direct Buyers Eventually Return to Independent Agents: Study

Most customers who are lured away from independent agents by direct insurers promising lower prices will ultimately return to an independent...
Carrier Management

Aon/Berkshire Deal Roils Lloyd's Waters

Aon and Warren Buffett's Berkshire Hathaway announced in March that they had negotiated the establishment of a "sidecar"...
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East

Trade Group Applauds 2 N.Y. Laws That Target Counterfeit Airbags, VIN Forgeries

New York Gov. Andrew Cuomo recently signed two pieces of legislation that seek to put greater fraud protections in place and increase ...

Kaufman Financial Group Acquires ISI Insurance Services in Pennsylvania

The H.W. Kaufman Financial Group announced the acquisition of ISI Insurance Services, a Uniontown, Penn.-based provider of premium audits, ...

Pennsylvania Court Sides With Hospitals, Doctors on Malpractice Fund

A state court is siding with hospitals and doctors in a case involving unspent balances in Pennsylvania's supplemental medical malpractice ...
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Midwest

Michigan Utility Agrees to Create $1M Explosion Fund

One of Michigan's largest utilities has agreed to pay $1 million to create a new response fund after a natural gas line exploded, killing a ...

Chicago Announces First 12 Automated Speed Locales

The Chicago Department of Transportation is announcing the first 12 automated speed enforcement sites as part of the city's "Children's ...

Penalized Insurer Required by South Dakota to Show Fixes

A long-term care insurance company fined $325,000 by the state of South Dakota is being required to submit a timeline for fixing problems ...
Southeast

Kentucky Cities Coming to Terms with Golf Carts on Public Roads

Kentucky cities are regulating how and where people can ride golf carts on public streets as the low-power vehicles become more popular as ...

Sinkhole Causes Florida Resort Villa to Collapse

A sinkhole caused a section of a Florida resort villa near Disney World to partially collapse Monday, while another section was sinking, ...
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South Central

Oklahoma Governor Calls Special Session on Lawsuit Reform

Oklahoma Governor Mary Fallin has called for a special session of the Oklahoma Legislature, to begin Sept. 3 for work on lawsuit reform. ...

Public Meeting on Texas Windstorm Insurance Issues Announced

The Texas Department of Insurance announced that a public meeting of the Texas Windstorm Insurance Association expert panel will be held ...

Lazarz Joins Swett & Crawford's Professional Services Practice Group

Swett & Crawford has added Dan Lazarz as a broker in its professional services practice group in Dallas. Lazarz brings more than 10 years ...
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West

Safety Fears Spur Regulations For Trampoline Gyms In Utah, California

Stephen Merrill was finishing his freshman year of college two years ago when he and a group of friends went to an indoor trampoline park ...

Northwest Harvest Food Banks Win in Potato Loss

Washington food banks are benefiting from a business accident involving 46,000 pounds of dehydrated mashed potatoes. After the container ...

Ogden Hospital Loses Lawsuit Over Racism Complaint

A federal jury has found Ogden Regional Medical Center guilty of retaliating against an employee who was fired following a racism ...

EPIC Adds Principal Jeffery in Southern California

Edgewood Partners Insurance Center has added Dawn Jeffery as a property/casualty insurance producer in its Inland Empire division in ...
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International

Tropical Cyclone Utor Slams Philippines, Heads towards China: AIR Worldwide

Catastrophe modeling firm AIR Worldwide reports that "Typhoon Utor slammed into the northern Philippine island of Luzon on Monday, August ...

Aon Extends Partnership with NFL for International Series in 2013-2014

Aon plc is making the best of its new London domicile. With its roots in Chicago, the home of one of the National Football League's most ...

FSB Examines 'Too Big to Fail' Insurers; CIRC Expands Insurers' Investments

The Financial Stability Board said an extended version of its guidance on the resolution of systemically important banks will apply to ...

India's MRPL to Receive Iranian Oil Cargo after 4-Month Gap

India's Mangalore Refinery and Petrochemicals Ltd said on Monday it expects to receive an Iranian oil cargo by the end of this week, the ...

Ratings Recap: Eni Insurance, Gulf Re

A.M. Best Europe - Rating Services Limited has affirmed the financial strength rating of 'A' (Excellent) and issuer credit rating of "a" of ...
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Sponsored Content

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Opportunity in ACA Reprieve

Shawn P. Pynes, a principal with Barney & Barney LLC in San Diego, sees the temporary reprieve...
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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,...

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New Discussions in the Forums

CPCU - Advice
Posted: Tue Aug 13 -- Those programs to complete both your CPCU and a bachelor's are exactly what a lot of us in this field need. To this point: Joel, your story... BWilliams2
Need comp in ca code 5474 painting
Posted: Mon Aug 12 -- "100000 in payroll. 'insured was with Ullico and they went insolvent so insured has had a lapse since 6/30/ 2013.... ABMCalifornia
Hotels in Ca
Posted: Sun Aug 11 -- "I need coverage for a hotel BOP in Crestline Ca 92325. Farmers getting off risk due to location. Thanks... ABMCalifornia
Met Life Retirement Insurance
Posted: Sun Aug 11 -- Thanks for taking the time to voice your experience. I've heard plenty of horror stories from clients myself. ABMCalifornia
Why I believe in insurance agents
Posted: Sat Aug 10 -- "Is a cartoon gecko or a comedian in a white dress and bright red lipstick really the best our industry can do... ABMCalifornia
Canadian Auto ID Cards
Posted: Wed Aug 7 -- Our lead insurance company supplies them to us. gforaker
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

Reader Comments

Progressive Finds 40% of Drivers Say 'No Way' to Driver Tracking Product
Posted: Fri Aug 9 -- The CEO's comments show that he has already had too much of his own Kool Aid (the comment about intellectually not understanding why there... youngin'
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
Downgraded Meadowbrook Signs Deal with State National for 'A'- Rated Policies
Posted: Thu Aug 8 -- I'm very sorry your wife and the staff have been treated this way by the president of Century. The first thing they should do is level with... Jack D
Politics Driving Obamacare Premium Debate
Posted: Thu Aug 8 -- Like how they want to control women's bodies? Like the way they want to continue wasting billions of our tax dollars on controlling what a... Don't Call Me Shirley
Report: Obesity Moniker to Impact California Workers' Comp
Posted: Fri Aug 9 -- I guess if you work in a bakery, obesity could be considered work-related! Gastric by-pass here we come! Libby

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