Friday, August 9, 2013

Daily Headlines: Friday, August 9, 2013

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Insurance Journal Daily Headlines
August 9, 2013
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Progressive Finds 40% of Drivers Say 'No Way' to Driver Tracking Product

Progressive Corp., the fourth-largest U.S. auto insurer, is searching for the right message to attract customers to a product that tracks a ...

NSA Leaks Could Stymie U.S. Cyber Policy Progress: Officials

Weeks of revelations about secret U.S. surveillance programs could stymie progress on negotiations over new laws and regulations meant to ...

NOAA Updates Hurricane Forecast

The National Oceanic and Atmospheric Administration (NOAA) on Thursday slightly lowered its forecast for the 2013 Atlantic hurricane season ...

Commentary: Notifying Excess Insurers for Additional Insureds

An interesting case was recently decided by the Georgia Court of Appeals. In Garner and Glover Co. v. Barrett, 738 S.E.2d 721 (Ga. App. ...

The Hartford Broadens Professional Liability Offerings for Tech Companies

The Hartford has enhanced its FailSafe suite of professional liability offerings to address the evolving needs of technology companies with ...

From MyNewMarkets.com 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...
Carrier Management

Are You A Magnet For Talent?

There's a talent crisis looming. Your best assets walk out the door every night, and you need leaders to help steer and...
Practical Workers Compensation: What You Need to Know - 5-course training series - from Academy of Insurance
East

Indictment: Man Made False Sandy Insurance Claim

A central New Jersey man who claimed his barn was destroyed by Superstorm Sandy has been indicted on insurance fraud charges...

NCCI Filing Seeks Decrease in N.H. Workers' Comp Loss Costs, Assigned Risk Rates

The National Council on Compensation Insurance (NCCI) recently delivered a workers compensation loss cost filing to the New Hampshire ...

Family Insurance in Jeopardy at Small Companies

One casualty of the new health care law may be paid coverage for families of people who work for small businesses. Insurance companies have ...

Integro Appoints Senior VP in Private Client Group

New York-based insurance brokerage and risk management firm Integro announced the hiring of Catherine Torsney as senior vice president ...
Producer Management Bundle - Producer Hiring Mistakes, Producer Compensation Plans, Redefining Value Added Services - 5-course bundle - from Academy of Insurance
Midwest

National Interstate Partners with International Motorcoach Group

Richfield, Ohio-based transportation insurance, National Interstate Insurance Co., announced it has entered into a preferred partnership ...

Donley Elected to M3 Insurance Board of Directors

Wisconsin-based commercial insurance agency, M3 Insurance, announced that Elizabeth Donley, JD, MBA, MS, co-founder and chief executive ...

Missouri Settles with Major Health Insurer over Claim Denials

Missouri insurance regulators announced a million-dollar settlement with a major health insurer over alleged violations that include ...

NCCI Files for 4.5% Decrease in Illinois Work Comp Advisory Rates

The National Council on Compensation Insurance (NCCI) has filed for an 4.5 percent decrease in voluntary advisory insurance rates in ...
Southeast

Florida CFO: Why Aren't Florida Property Rates Falling Along with Reinsurance?

Florida's top financial officer is questioning regulators on why reports of significantly lower reinsurance costs worldwide are not ...

Mississippi Wind Pool Rates to Rise

Insurance rates for the state wind pool are set to increase Dec. 1 on renewals and new policies. The Sun Herald reported that a Mississippi ...

West Virginia Pays $75K to Settle Single-Sex Classroom Complaint

The West Virginia Board of Risk and Insurance Management paid $75,000 to resolve a lawsuit that challenged single-sex classrooms in Wood ...

AssuredPartners Posts 36.7% Revenue Increase in 2012

Lake Mary, Fla.-based AssuredPartners Inc. posted a revenue increase of 36.7 percent in 2012, compared to 2011 revenue. AssuredPartners, ...
South Central

U. of Houston Student Receives Andrew S. Frazier/The Institutes Scholarship

Sean Wagner of Houston, Texas, is one of the 2013 recipients of the Andrew S. Frazier/The Institutes Honorary Scholarship. This award, ...

August 10 Is Texas' Top Day for Home Burglary Claims: Allstate

More Texans file home burglary insurance claims on August 10 than any other day - according to a recent review by Allstate Insurance Co. ...

Keller Joins Clearview Risk Holdings

ClearView Risk Holdings LLC, the holding company of Dallas-based Southwest Risk LP and CORE Underwriters, announced that Joy Keller has ...

Oklahoma Commissioner: Program in Place for Hard-to-Insure Homes

The Oklahoma Market Assistance Program (OK-MAP) is designed to find protection for hard-to-insure homes, Insurance Commissioner John D. ...
West

Hub International Taps Cohen as Vice President in California

Hub International Insurance Services Inc. named Andrew J. Cohen senior vice president of sales for its employee benefits division in San ...

Parents Of Woman Crushed By Tree In California Sue PG&E

The parents of a camp counselor crushed to death by a falling tree near Yosemite National Park are suing Pacific Gas & Electric and the ...

Fashion Blogger Sues Bet Over Attire Clash, Discrimination in California

A transgendered style correspondent who says BET made him tone down his feminine look on the network's pre-awards show last month has filed ...

Report: Climate Change Is Impacting California

Coastal waters off California are getting more acidic. Fall-run chinook salmon populations to the Sacramento River are on the decline. ...

Report: Obesity Moniker to Impact California Workers' Comp

The recognition of obesity as a disease may have a significant impact on workers' compensation claims in California, a group said in a ...
International

Collected Forecasts for 2013 Atlantic Hurricane Season

The U.S. government climate agency on Thursday slightly lowered its forecast for the 2013 Atlantic hurricane season, but said it still ...

Railway in Quebec Train Disaster Gets Canada Bankruptcy Protection

The U.S. railway whose runaway train killed 47 people in a tiny Quebec town last month was granted bankruptcy protection from a Canadian ...

Catlin Group Six Months Underwriting Results Steady; Net Income Falls

The Bermuda-based Catlin Group Limited listed the following highlights for the financial results for the six months ended 30 June 2013. -- ...

Liberty Mutual's Shandong Branch Ready to Open for Business

Liberty Mutual Insurance Group, through its wholly owned subsidiary Liberty Insurance Company Limited (LICL), was granted final approval on ...

Fairfax Increases Offer to Buy American Safety to $30.25 Per Share

Bermuda-based American Safety Insurance Holdings, Ltd. announced that Fairfax Financial Holdings Limited has increased its offer to ...

Best Sees No Change in Lancashire's Ratings from Cathedral Acquisition

A.M. Best Co. has commented that the ratings of Bermuda-based Lancashire Holdings Limited, Lancashire Insurance Company Limited and ...

No Ratings Change for Syndicate 2010 from Lancashire Acquisition Says Best

A.M. Best Europe - Rating Services Limited has commented that the financial strength rating of 'A' (Excellent) and issuer credit rating ...

Best Affirms Alterra Capital and Subs Ratings; Outlook Stable

A.M. Best Co. has affirmed the financial strength rating (FSR) of 'A' (Excellent) and issuer credit ratings (ICR) of "a" of Alterra Bermuda ...
Insurance Journal Blogs

What Jeff Atwater Gets Wrong, and Right, About Florida Reinsurance

Yesterday, Florida Chief Financial Officer Jeff Atwater penned a letter to Insurance Commissioner Kevin McCarty inquiring why property ...

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Insurance Journal TV

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Opportunity in ACA Reprieve

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

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,...

TV icon 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

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
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
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
FEMA Approves Aid For Texas Fertilizer Plant Blast
Posted: Mon Aug 5 -- This reversal was wrong. West was not a natural disaster. I hope FEMA goes back against the fertilizer plant owner to recoup every dollar of... Libby
Court: No Workers' Comp For Oregon Dock Urinator
Posted: Mon Aug 5 -- This reversal was a good one. Libby

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August 5, 2013
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