Wednesday, August 14, 2013

Daily Headlines: Wednesday, August 14, 2013

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Insurance Journal Daily Headlines
August 14, 2013
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Atlantic Hurricane Season to Enter Most Active Phase Next Week

The Atlantic hurricane season is about to enter its most active phase as conditions for the powerful storms improve across the basin. Wind ...

Report Urges Pressure on Utilities to Protect Electric Grid From Storms

Power companies should be pressed by government to install technologies including smart meters and energy-storage devices to shield the ...

Obamacare Health Exchange Buyers Can Expect $2,700 in Tax Credits: Report

Tax credits to buy medical coverage next year will average $2,672 per family under President Barack Obama's health care system overhaul, a ...

Lessons from U.S. Blackout of 10 Years Ago: Kemp

Exactly 10 years ago, at 15:05 Eastern Time on August 14, 2003, an overhead power line came into contact with an overgrown tree near ...

Zurich's Hogan Rejoining AIG As CEO of Global Consumer Insurance

American International Group has named Kevin Hogan as chief executive officer of AIG Global Consumer Insurance. Hogan, who previously had a ...

Gridiron Insurance Underwriters Launches New Inland Marine E-Portal Product

Gridiron Insurance Underwriters, Inc., a program manager that specializes in program business on a regional and national basis through ...

From MyNewMarkets.com Cyberbullying: Finding the Insurance Coverage Sweet Spot

Blogs, Facebook, Twitter, e-mail. Keeping in touch with friends and family has never been easier, and teens and tweens are often power users...
Carrier Management

Hiscox USA CEO Sees Revenue Growth From Building Brand & Workforce

When Ben Walter took the helm of Hiscox USA last year, he didn't have decades of underwriting experience on his...
Agency Planning for 2014 - from Academy of Insurance
East

N.J.'s Sandy Claims Mediation Program Received 488 Requests So Far

New Jersey has received 488 requests so far for Superstorm Sandy-related claims mediation since the program's launch in May, officials said ...

Requests for Conn. Sandy Aid Can Be Filed Soon

Connecticut Gov. Dannel P. Malloy said Monday he expects the state will soon begin collecting applications for federal financial assistance ...

Endurance Appoints Head of U.S. Financial Institutions Insurance in New York

Endurance Specialty Holdings, a Bermuda-based specialty provider of property/casualty insurance and reinsurance, appointed Fred Cooper as ...

SAN Group Creates 2 New Management Positions in New Hampshire

Satellite Agency Network Group Inc., an alliance of independent property/casualty insurance agencies in the Northeast, created two new ...
Practical Workers Compensation: What You Need to Know - 5-course training series - from Academy of Insurance
Midwest

Michigan's Saginaw Bay Underwriters Celebrates 150 Years

The world has changed a lot since Saginaw Bay Underwriters was founded in 1863, and the insurance industry has changed along with it. "We ...

Amerisure Selects Pontious to Lead Business Intelligence, Analytics Initiatives

Amerisure Mutual Insurance Co., based in Farmington Hills, Mich., announced that Doug Pontious has joined the company to lead its data ...

Tornado Damage Exceeds $30M in Wisconsin

Officials in the Fox Valley say damage from recent tornadoes exceeds $30 million. The National Weather Service tells WLUK-TV that six ...

Advocates Question Ohio Health 'Navigators' Rules

An Ohio legislative panel has cleared new state rules for professionals guiding people through the insurance marketplaces created by the ...
Southeast

Buildings Near Florida Resort Sinkhole Being Inspected for Damage

An official at a resort near Orlando, Fla., where a 100-foot sinkhole has swallowed part of a villa has said he's awaiting the results of ...

Kentucky Turning to Telemedicine As Way to Handle Doctor Shortage

The expanding number of doctors offering appointments through videoconferencing, called telemedicine, is expected to see a sharp increase ...

North Carolina Bureau, Insurers to Pay 2 Innocent Men $12M

The State Bureau of Investigation said that the agency and its insurers have agreed to pay more than $12 million to two men who spent a ...

Insurance Broker Gardner Appointed Chair of Florida's Citizens

Florida Chief Financial Officer Jeff Atwater has tapped Chris Gardner to be the new chair of the Citizens Property Insurance Corp. board of ...
South Central

Human Activity Muddies Causes of Texas Floods

Periodic flooding in Texas -- one the most flood-prone states in the nation -- cannot be firmly linked to climate change due to numerous ...

Arkansas Burglars Hit Homes During Funerals

Authorities in Faulkner County, Ark., say it appears local burglars have been reading the obituaries and breaking into homes while the ...

U.S. Judge Denies Motion to Dismiss Oklahoma Healthcare Reform Lawsuit

A federal judge has denied most of the federal government's motion to dismiss Oklahoma's legal challenge to implementation of the new ...
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West

Otter Declares Disaster for Idaho Wildfire Areas

Gov. C.L. "Butch" Otter has issued a disaster declaration for areas on southern Idaho ravaged in recent weeks by wildfires. The declaration ...

$4M Settlement In Fatal Oregon Bus-Pedestrians Case

A Portland, Ore.-area transit agency and its bus manufacturer have agreed to pay $4 million to five plaintiffs to resolve lawsuits filed ...

Judge Strikes Down LAPD Car Impound Policy

A judge has struck down an Los Angeles Police Department policy that makes it easier for unlicensed drivers to keep their cars instead of ...
International

Loeb's Third Point Re Set for IPO as Einhorn's Truck Bet Shows Insurers' Risk

Investors in Third Point Reinsurance Ltd.'s initial public offering are betting on billionaire hedge fund manager Daniel Loeb. They're also ...

Japanese Airline Finds Faulty Wiring on Dreamliner Fire Extinguishers

Japanese airline ANA Holdings said it had found an electrical wiring problem in the fire extinguishers of the engines of three of its ...

Allied World Europe in Strategic Agreement with UK's Gravity Underwriting

Allied World Assurance Company Holdings, AG, which is based in Switzerland, announced that its subsidiary, Allied World Assurance Holdings ...

Talanx Raises 2013 Profit Forecast After Swiss Life Stake Sale

Talanx AG, the German insurer that sold stock in an initial public offering last year, raised its profit goal for 2013 after the sale of ...

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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'
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
Will Obamacare Really Hurt Workers?
Posted: Fri Aug 9 -- I think Obamacare has some issues and they need to be addressed. But no, I am not in favor of repealing it and would not characterize it as... Libby

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