Tuesday, August 6, 2013

Daily Headlines: Tuesday, August 6, 2013

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Insurance Journal Daily Headlines
August 6, 2013
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Commercial Rate Increases Slowed in July: MarketScout

After four months of going up at 5 percent, commercial property/casualty insurance rates have moderated. The July 2013 rate increase was ...

Q2 Revenue Growth Strong for Mid-Size, Large Privately-Held Agencies: Survey

Median organic revenue growth reached 6.9 percent in the 2013 second quarter for mid-size and large privately held insurance agencies and ...

Obamacare Bets on Election-Like Data Wizardry, Young Adults to Beat Partisan Opposition

The success of President Barack Obama's health care plan depends on signing up millions of uninsured Americans, and Matt Saniie knows how ...

Trucking Industry Loses Challenge to Driver Fatigue Rule

U.S. Transportation Department regulations to ensure drivers get more rest were mostly upheld by a federal appeals court, a defeat for ...

Wal-Mart Workers in California Denied Class Action Status in Gender Bias Case

Women workers at Wal-Mart Stores Inc. in California suing for gender discrimination can't pursue their claims against the retailer as a ...

LIU, CloudInsure Tackle Cloud Computing Coverage Gaps

A new insurance partnership between Liberty International Underwriters and CyberRiskPartners' CloudInsure will provide insurance backing ...

From MyNewMarkets.com Transportation Insurer National Interstate Posts Surprise Loss

National Interstate Corp., the insurer majority owned by American Financial Group Inc., plunged the most since 2008 after reserves for...
Carrier Management

Workers Compensation Market: Challenges Remain Despite Recent Improvements

The market for workers compensation insurance is in a recovery phase of the underwriting cycle after several years of...
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East

Commentary: Contributory Negligence Remains the Law in Maryland

On July 9, 2013, Maryland's highest appellate court, the Court of Appeals, declined to abandon the longstanding common law doctrine of ...

N.H. Insurance Department Finds Way to Accept $5M Grant

The New Hampshire insurance department announced it has found a way around Republican legislative efforts to block New Hampshire from ...

Integro Appoints Senior VP in Pennsylvania Office

New York-based insurance brokerage and risk management firm Integro recently hired Neal Wallace as property/casualty senior vice president. ...

ThinkRisk Appoints Product Development Director in New York

Ryan Specialty Group's ThinkRisk Underwriting Agency recently appointed Paul Novick as director of product development and marketing. Based ...
Midwest

Illinois Governor Signs Bill Mandating Insurance For Athletes

Starting next year, Illinois high schools must offer catastrophic insurance coverage for student athletes, under a bill Gov. Pat Quinn ...

Officials Fan Out For Minnesota Disaster Aid Briefings

State and federal officials are fanning out this week across 18 Minnesota counties for briefings with local leaders about available aid to ...
Southeast

Rail Crossing Deaths Up in Georgia But Safety Gate Funding Lags

Cost is one of the many issues preventing gate and bell systems from being installed at Georgia's roughly 5,000 public rail crossings, ...

West Virginia University Initiative Cuts Workers' Comp Costs

West Virginia University has reduced its workers' compensation costs by about $600,000 and is looking for more ways to save money. WVU ...

Mississippi County to Get $10M From FEMA for Isaac Recovery Effort

Jackson County in Mississippi is getting a multimillion-dollar boost from the federal government to help erase the effects of Hurricane ...

Aon Risk Solutions Appoints Senior VP in North Carolina Office

Aon Risk Solutions, the global risk management business of Aon plc, recently announced the addition of Christopher Coté as senior vice ...
South Central

Texans Asked to Provide Drought Photos Online

Some state agencies dealing with the lingering Texas drought have invited people to share their original photos online. The coalition on ...

Cleanup Underway At Derailment Site in Louisiana

About 100 homes remained evacuated as officials worked to clean up the site of a 26-car train derailment in Louisiana near the small ...
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West

Southern California Mall Sued For Alleged Discrimination

A Southern California mall is being sued by a man who claims security officers racially profiled him and other black men. The Torrance ...

California City Sues Chevron Over Refinery Fire

Richmond is suing Chevron for damages from a massive fire that shut down the energy giant's refinery at the San Francisco Bay area city ...

Hail Damages Barley Crops In Wyoming

Farmers around Powell, Wyo. say hail from a violent storm last week damaged or destroyed barley and other crops. The storm brought hail up ...

Hill Program Managers, Berkley Custom Insurance Form Underwriting Agreement

Denver-based Hill Program Managers, LLC has formed an agreement to underwrite design professional liability coverage in conjunction with ...
International

Lloyd's Comments on Record Cannes Jewelry Heist

An article on the Lloyd's of London website notes that the value of diamonds stolen in an armed robbery in Cannes on July 28 "has been ...

New Zealand's '100 Percent Pure' Image Questioned after Dairy Scare

For a country that markets itself to the world with the slogan "100 percent Pure", New Zealand's environmental credentials are not as ...

Floods Impact Munich Re's Q2 Net Profit; Still on Track for FY $4 Billion

Despite a rough second quarter - consolidated profit of €543 million [$720 million], compared to €812 million [$1.077 billion] in Q2, ...

Willis Re Bermuda Names Harden as New CEO

Willis Group Holdings announced that Michael Harden, currently Chairman of Willis Re Australia, has been appointed CEO of Willis Re ...

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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

comp in ca for unarmed security firm
Posted: Tue Aug 6 -- I have a PEO market that may take a look at this if the employees are mostly full time employees. Please give me a call to discuss. Thanks... Chad Filley
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
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

Reader Comments

Dead Farmers Get Millions in Federal Crop Insurance Payouts
Posted: Tue Jul 30 -- Granted, it's not "him" per se, but it is indicative of how our government employees do things. You this THIS is bad? Wait until Obamacare... Scott
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
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
Texas Woman Seeks $1M After Slipping on Nut Shells
Posted: Tue Jul 30 -- If she loses, she should also have to pay all of Texas Roadhouse's attorney fees and court costs. Karen
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

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