Monday, August 19, 2013

Daily Headlines: Monday, August 19, 2013

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Insurance Journal Daily Headlines
August 19, 2013
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

States Weakening Commercial Host Liability Laws to Protect Retailers

A new report says that in recent years many states have enacted legislation to protect retailers from commercial host liability by ...

U.S. Presses Japan to Open Insurance, Auto Markets

The United States urged Japan on Monday to open its auto and insurance markets more to foreign companies as the two countries pursue ...

Obama to Meet with Regulators on Dodd-Frank Law Status

President Barack Obama will sit down with the leading U.S. financial market regulators on Monday to discuss their progress in implementing ...

U.S. Asks Court to Block Bernanke Testimony in Greenberg's AIG Lawsuit

The U.S. Justice Department on Friday asked an appeals court to reverse a judge's ruling last month that Federal Reserve Chairman Ben ...

Survey: Most Insurers Expect to Increase Revenues, Add Jobs in Next 12 Months

A new survey from insurance recruiting firm The Jacobson Group and consulting firm Ward Group shows the majority of property/casualty ...

From MyNewMarkets.com 10 Things to Know About the Trucking Industry

1. Intermodal is the transfer of products using multiple forms of transportation — trucks, railroads or ocean carriers. In 2012,...
Carrier Management

Classic-Auto Values Rise 54% Reviving Detroit Repair Shops, Specialty Insurance Market

In car-crazy Detroit, a booming auto industry means more than a paycheck and benefits. For thousands of people who make...
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East

Stilt Houses in Greenwich, Conn., Foreshadow Impact of New Flood Maps

In the coastal areas of Greenwich, Connecticut, the latest housing craze requires hydraulic jacks, pylons and stilts. One home towers over ...

Penn State Settles First of Sandusky Sex Abuse Lawsuits

Pennsylvania State University agreed to settle the first of 31 suits filed in the sex-abuse scandal involving ex-football coach Jerry ...

Still Displaced by Sandy, Some N.J. Residents Ask Legislators for Help

Ten months after Superstorm Sandy wrecked their homes, people who still haven't been able to return are asking New Jersey legislators for ...

Delaware Insurance Dept. Recovered $941K for Consumers During First Half of 2013

The Delaware insurance department announced that a total of $940,995 has been recovered for the state's consumers during the first six ...

Markel Ventures Acquires Eagle Construction in Virginia

Markel Ventures Inc. and Eagle Construction of VA LLC announced that Markel has acquired Eagle Construction and its affiliated entities. ...

R.I. Dept. of Transportation Getting Grant to Combat Distracted Driving

Rhode Island is one of seven states receiving a grant from the National Highway Traffic Safety Administration to help reduce distracted ...
Agency Planning for 2014 - from Academy of Insurance
Midwest

Lead Company Wants Missouri Lawmakers to Override Veto of Liability Cap

A Missouri lead company has launched an aggressive effort to persuade lawmakers to override a gubernatorial veto of a bill that would ...

Drunken Boating Remains Problem on Great Lakes

Boating under the influence of alcohol or drugs remains a serious problem on the Great Lakes even though the number of pilots busted for ...

Iowa Insurance Regulator Approves Aviva Acquisition

Iowa's insurance regulator has approved the acquisition of West Des Moines-based AvivaUSA and subsidiaries by Athene Holding Ltd., a life ...
Southeast

Florida Blue Gets OK to Restructure Under Mutual Holding Company

Florida insurance regulators ruled Friday to allow health insurance giant Florida Blue, one of the state's largest employers and political ...

Florida Court Reduces Damages in College Football Player Wrongful Death Suit

A ruling by a Florida appeals court on Friday has reduced a $10 million damage award to $200,000 in a wrongful death lawsuit filed by the ...
South Central

Louisiana Citizens Property Insurance to Boost its Line of Credit to $125M

Louisiana's property insurer of last resort received approval from state officials to bump up its bank line of credit, giving the company ...

Texas Cabinet Manufacturer Fined $267K for Severe Work Hazards

Federal officials have cited a San Antonio, Texas-based cabinet manufacturer with 29 safety and health violations and a proposed penalty of ...

Texas Workers' Comp Commissioner Appoints New Medical Advisor

Texas Commissioner of Workers' Compensation Rod Bordelon has appointed Dr. David Davis as the medical advisor for the Texas Department of ...
West

San Francisco Bay Area Building Demolition Fuels Quake Study

It took just seconds for a 13-story building overlooking San Francisco Bay to implode, spewing smoke and chunks of concrete as it crumbled ...

Found Boat in Hawaii May Be Tsunami Debris

The Department of Land and Natural Resources says a skiff that floated into Oahu's Kawela Bay may be tsunami debris. KITV-TV reported the ...

Idaho Man Sues Experian, Says Credit Report Wrong

Jose Luis Calderon says he had the cash to buy a car, but he decided to get an auto loan so he could build up a credit history. It wasn't ...
International

Philippine Death Toll Rises in Worst Sea Tragedy in Five Years

Philippine authorities said the death toll from the collision of a passenger ferry and a cargo ship in Cebu province has increased to 52, ...

Commentary: Deep Oceans to Resolve Human Role in Global Warming

The world's oceans have absorbed more than 90 percent of global warming since the mid-20th century, making accurate measurements of deep ...

Central New Zealand Shaken by M6.5 Earthquake: AIR Analysis

According to catastrophe modeling firm AIR Worldwide, homes and roads in central New Zealand were damaged by a M6.5 earthquake on Friday, ...

Catalina in Agreement with Fairfax for American Safety Acquisition

Catalina Holdings (Bermuda) Ltd., a consolidator in the non-life run-off sector, announced that it has signed a definitive agreement with ...

Amlin First-Half Profit Drops 17% as Catastrophe Claims Mount

Amlin Plc, the second-biggest Lloyd's of London insurer by market value, posted a 17 percent drop in first-half profit as catastrophe ...

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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

What is your biggest pain as an agent?
Posted: Sat Aug 17 -- Recently I would have to say my lower back, literally. As an agent I do a lot of sitting and i've been looking for ways to get out of my... ABMCalifornia
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

Reader Comments

Flooded Colorado Businesses Struggle Without Insurance
Posted: Fri Aug 16 -- Of course lets give them government grants. We're loaded. If you can't afford to run a business, then I guess you shouldn't own a business.... Baxtor
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
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
Obamacare Bets on Election-Like Data Wizardry, Young Adults to Beat Partisan Opposition
Posted: Mon Aug 12 -- I don't believe OBama Care is the correct solution. I believe this is going to create a tremendous Burdon on tax payers. I have always... FFA
Salvation Army to Be Named in Philadelphia Building Collapse Lawsuits
Posted: Fri Aug 16 -- That's disgusting. I hope it gets thrown out. Libby

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