Friday, August 16, 2013

Daily Headlines: Friday, August 16, 2013

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Insurance Journal Daily Headlines
August 16, 2013
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Flight Recorders from Downed UPS Cargo Jet Probed for Clues to Crash Cause

U.S. government investigators were hoping on Friday that cockpit voice and flight data recorders pulled from the wreckage of a UPS cargo ...

How to Manage the Winds of Change for High Net Worth Clients

As insurance professionals, we're in the business of anticipating and responding to severe weather. However, heightened activity in recent ...

10 Things to Know About Condominiums

1. To adequately insure one's condo apartment, it is important to review the condo association's bylaws and proprietary lease to find out ...

Berkshire Hathaway Specialty Insurance Hires 2 Execs From Zurich, The Hartford

Berkshire Hathaway Specialty Insurance -- the recently launched commercial P/C insurance unit of Berkshire Hathaway -- announced on ...

AIG Expands D&O Side A Capacity to $100 Million

American International Group, Inc. (AIG) is has increased its global Side A directors and officers (D&O) liability insurance to $100 ...

Businesses Seek Cure for Health Care Cost Surge

A year ago, Teresa Hartnett was on the verge of expanding her small business. The company had hit $1 million in sales, and requests from ...

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

Opinion: More Re Distribution Needed, Not Less

It is a well-known axiom that for free markets to exist, access must be unencumbered. The more players there are, the...
Agency Planning for 2014 - from Academy of Insurance
East

Salvation Army to Be Named in Philadelphia Building Collapse Lawsuits

The Salvation Army will become the latest defendant in litigation over a deadly Philadelphia building collapse. Six people died inside a ...

Selective Insurance Announces Officer Appointments in N.J., Penn.

Selective Insurance Group announced the following appointments by its subsidiary, Selective Insurance Company of America. Jeffrey Beck to ...

'Super Storm' the Ride Now Running at New Jersey Shore

"Super Storm" the ride is now up and running on the New Jersey shore. The new attraction is located at the Casino Pier in Seaside Heights, ...
Midwest

Want to Make More Money in the Insurance Business? Specialize.

Insurance producers who specialize in an industry or insurance product line make more money than those who don't. Likewise, agencies that ...

Indiana Motorcycle, Alcohol-Related Deaths Up

Researchers say Indiana roads were more deadly last year for motorcyclists and for people driving after drinking. The report by the Indiana ...

Ohio Woman Sentenced for Fraud Involving $60K Insurance Claim

Ohio Lieutenant Governor and Department of Insurance Director Mary Taylor announced that Patricia Young, of Piqua, was sentenced to three ...
Southeast

NCCI Files for Modest 1% Increase in Florida Workers' Comp Rates

Florida's employers can look forward to little, if any, change in their 2014 workers' compensation rates as the state's industry-backed ...

Swett & Crawford Appoints VP of Human Resources in Atlanta

Wholesale insurance broker Swett & Crawford appointed Nancy Gibbons as vice president of human resources. Gibbons has held various key ...

Q&A: Why Sinkholes Form in Florida

Sections of a building at a resort near Orlando's theme park district collapsed into a sinkhole on Aug. 12, forcing the evacuation of 105 ...

Official: 100-Foot Sinkhole at Florida Resort Not Growing

An official at the Florida resort where a villa was partially swallowed into the ground says it doesn't appear the sinkhole on the site is ...
South Central

Former Louisiana Deputy Insurance Commissioner Sentenced

A former deputy commissioner at the Louisiana Department of Insurance has received a prison sentence for racketeering, according to Justice ...

Landrieu: Louisiana Dragging Its Feet on Health Revamp

U.S. Sen. Mary Landrieu of Louisiana said that the resistance of Republican state leaders to the Affordable Care Act was "hurting people" ...

Agency Predicts Oklahoma Unemployment Tax Break

State employment officials say businesses across Oklahoma can expect a break when it comes to paying unemployment insurance in 2014. The ...
West

Montana Touts Continued Workers' Comp Improvement

The Montana Department of Labor says the incidence of workers' compensation injuries continues to decline. The agency's recent annual ...

Judge OKs $30 Million Southern California School Molest Settlements

A judge has approved settlements of lawsuits that claimed dozens of students were molested at Miramonte Elementary School in Los Angeles ...

DUI Victim Family Sues Oregon Restaurants

The family of a Cottage Grove, Ore. woman who was killed by a drunken driver is suing the man and two restaurants that served him alcohol. ...

Arizona Legislators Ask Obama to Reconsider Fire Aid

Key Arizona legislators are asking President Barack Obama to reconsider his administration's denial of the state's request for federal ...

Colorado University Gets Support ERM and Insurance Program

The College of Business at Colorado State University is a step closer to launching a program to train students in the insurance and risk ...
International

NHC Tracking TS Erin; Weather Front over Yucatan

The National Hurricane Center in Miami is currently tracking Tropical Storm Erin - the fifth named storm of the season - as well as a ...

Quebec Demands CP Railway Help Pay for Disaster Clean-up

The Canadian province of Quebec has ordered Canadian Pacific Railway Ltd to help pay clean-up costs after a train disaster that killed 47 ...

Canada Broadens Inspections of Aircraft Emergency Beacons

Canada on Thursday ordered airlines to inspect emergency beacons on a broad list of aircraft for possible wiring problems that could lead ...

Hong Kong's Li to Tap ex-AIA Deputy as New Insurance CEO: Sources

Hong Kong businessman Richard Li, the youngest son of Asia's richest man, will appoint a former top executive at AIA Group Ltd as the CEO ...

Ratings Recap: Electrical Contractors, Al-Sagr, Alliance (UAE)

A.M. Best Europe - Rating Services Limited has affirmed the financial strength rating of 'A-' (Excellent) and issuer credit rating of "a-" ...
Practical Workers Compensation: What You Need to Know - 5-course training series - from Academy of Insurance


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New Discussions in the Forums

Insurance agencies for sale ?
Posted: Thu Aug 15 -- Good question. If you don't have an existing agency, my recommendations is to always start an agency for several reasons. The only... CoJones
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

Reader Comments

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
Blue Cross 'Stores' Offering Uninsureds Information on Obamacare Changes, Options
Posted: Tue Aug 13 -- Don't ALL insurance companies have people that can deny or approve a procedure? Isn't that called the claims department? And if they deny... Nebraskan
North Carolina Bureau, Insurers to Pay 2 Innocent Men $12M
Posted: Wed Aug 14 -- No amount of money can replace what was taken away from these men. At least they will have enough money to live out the rest of their lives... Libby
Obamacare Health Exchange Buyers Can Expect $2,700 in Tax Credits: Report
Posted: Wed Aug 14 -- It all remains to be seen, doesn't it? Libby
Judge Strikes Down LAPD Car Impound Policy
Posted: Wed Aug 14 -- I understand all the words used in this article, but they make no sense in the order they have been written. jw

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