Daily Headlines: Monday, August 5, 2013

Contact us | Subscribe | Send to a Friend

August 5, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Downgraded Meadowbrook Signs Deal with State National for 'A'- Rated Policies After A.M. Best downgraded the financial strength ratings of the insurance operations of Meadowbrook Insurance Group on Friday, the insurer ... Insurance Broker Hub Intl. Acquired by Funds Manager in Deal Valued at $4.4 Billion Global insurance broker Hub International Limited (Hub), said it has agreed to be acquired by funds advised by Hellman & Friedman LLC. The ... BP Says Rejection of Oil Spill Claims Appeals Could Scuttle Settlement The settlement BP Plc reached last year with most private parties over the 2010 Gulf of Mexico oil spill could be scuttled if a U.S. ... Meadowbrook Insurance Looking for 'A-Rated' Partner After Downgrade Following a downgrade of its financial strength ratings (FSR) to "B++" from "A-" by A.M. Best Co. on Friday, Meadowbrook Insurance Group ... Yamaha WaveRunner Leads in Boat Thefts Yamaha Motor Co.'s WaveRunner was the most sought-after watercraft among U.S. thieves in 2012 as Florida had the highest number of stolen ... Commentary: Does FSOC Understand the Business of Insurance? The Financial Stability Oversight Council (FSOC) designated AIG as a Systemically Important Financial Institution (SIFI) after determining ... Liberty Mutual EVP Burnett's Role Expands in Business Insurance Unit Liberty Mutual Insurance has given Executive Vice President Julie Burnett an added responsibility as head of distribution for the company's ... Wells Fargo Insurance Launches Intellectual Property Financial Protection Products Wells Fargo Insurance, part of Wells Fargo & Co. has launched two new insurance products from its Professional Risk Group, Intellectual ... CNA Introduces New Package Policy For Mid-Sized Businesses CNA has launched CNA Paramount, a new package policy for mid-sized businesses that combines property and general liability coverage. CNA ... Selective Insurance Q2 Profit Advances to $27M Selective Insurance Group Inc. reported $27.1 million net income for its 2013 second quarter, improving from $0.3 million net income during ... 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... Insurer Challenges In 'Adapting' To The Climate Change Resilience Gap The frequency and severity of natural catastrophe impacts to built assets are increasing. Governments and their... More National News East Massachusetts Sees Spike in Hurricane Sandy Title Scams The Registry of Motor Vehicles is warning consumers in western Massachusetts to watch out for scammers who sell cars with reconstructed ... Travel Insurance Lawsuit Arising From Death in Aruba Dropped An American Express subsidiary is dropping its complaint against a Maryland man jailed for months in the presumed death of his traveling ... N.J. Sheriff to Target Commuter Buses, Ensure Proper Insurance for Operators A northern New Jersey sheriff plans to crack down on commuter buses, he said on Aug. 1, days after a driver hit a light pole that toppled ... Erie Indemnity Appoints McLaughlin to Lead In-House Law Division Erie Indemnity Company named Sean J. McLaughlin as executive vice president, secretary and general counsel for the company and the ... More East News Midwest South Dakota Insurance Firm to Pay Penalty, Comply With Law The state Insurance Division says a South Dakota-based insurance company has agreed to pay a penalty of $25,000 and comply with insurance ... North Dakota Man Suing Insurance Company Over Potato Case A prominent North Dakota potato farmer, businessman and philanthropist who's among a group of people accused in an alleged price-fixing ... Illinois Cites Belleville For Flawed Emergency Plan When a tornado siren went off during a meeting at Belleville's City Hall and nobody took charge to move people to safety, it got the ... 2 Injured In Chicago Water Tank Fall File Lawsuit Two people injured when a century-old water tank fell from a Chicago condominium building are suing the building's owner. The complaint ... More Midwest News Southeast Mississippi High Court Upholds Fire Protection Fee The Mississippi Supreme Court has upheld a ruling that the Diamondhead Fire Protection District can charge a fee for its services to local ... Confie Seguros Acquires Florida's Economy Insurance Mart Growing personal lines agency Confie Seguros has acquired Economy Insurance Mart of Spring Hill, Fla., which sells auto, home and small ... More Southeast News South Central FEMA Approves Aid For Texas Fertilizer Plant Blast The Federal Emergency Management Agency reversed its previous decision and approved additional funding to help rebuild the small Texas town ... Donation Planned To Put Shelters in Oklahoma Schools An organization dedicated to building storm shelters in Oklahoma schools is getting another donation. Moore Supercuts will present a check ... Kansas Company Recalls Ground Beef Products A western Kansas company is recalling more than 50,000 pounds of ground beef products due to concerns that it could be tainted with E. ... More South Central News West Poms Names Bessenbacher Vice President in California Poms & Associates Insurance Brokers Inc. named John Bessenbacher vice president of new business development in its Sacramento, Calif. ... Disabled Hawaii Man Suing Delta Air Lines for ADA Violations A Maui man who uses a wheelchair says he was forced to crawl through the aisle, up and down stairs and along a tarmac during a Delta Air ... Developers to Test for Fault Under Hollywood Skyscraper The developers of a Hollywood skyscraper have agreed to dig a trench to determine whether an earthquake fault runs beneath the site slated ... Court: No Workers' Comp For Oregon Dock Urinator A federal appeals court says an Oregon longshoreman who got drunk on the job, urinated while standing on a dock and then fell 6 feet onto ... Washington Supreme Court: Insurers Liable for Illegal Acts by Agents Washington's State Supreme Court has affirmed that insurers are liable for illegal actions committed by their agents, a decision that will ... SIAA Grows by Five Agencies in West July The Strategic Insurance Agency Alliance announced it signed signing of 20 new member agencies during the month of July, five of which were ... More West News International ABI Calls On UK Government to Enact 'Whiplash' Reforms The Association of British Insurers has long targeted the epidemic of automobile accidents that result in claims for "whiplash" injuries ... Insurers Help Drive European Share Prices to New 2-month high Robust insurer earnings helped drive European shares to a two-month high on Friday, while mixed U.S. jobs data supported the view the ... Catalina Receives New Equity Commitment from Managed Funds Catalina Holdings (Bermuda) Ltd, a long term consolidator in the non-life run-off sector, announced that funds and other entities "managed ... Aviva Considering Sale of India Life Insurance Stake Say Sources Aviva PLC is planning to pull out of its Indian insurance joint venture, valued at more than $500 million, as the British insurer retreats ... More International News Join the Insurance Journal Network Insurance Journal TV 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,... Watch Now Oklahoma Opens Up to Captive Insurers Oklahoma this year will join the ranks of other states that aim to attract and keep captive... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums 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 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 comp in ca for unarmed security firm Posted: Mon Jul 29 -- Hi Trotter! We had to market a similar account, on a smaller scale last month and we were successful! The Workers Comp portion was difficult... pnik33 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 Go to Forums Reader Comments Dead Farmers Get Millions in Federal Crop Insurance Payouts Posted: Tue Jul 30 -- Now if the headline had been, "Dead Welfare and Food Stamp Recipients received Millions in Benefits," you know this article would be... Celtica Will Obamacare Really Hurt Workers? Posted: Fri Aug 2 -- She says "that the country's healthcare reform law is causing workers to lose hours or benefits, saying she is aware of only isolated... FFA Jury Awards Oregon Woman $18.6M Over Credit Report Posted: Mon Jul 29 -- Well deserved- the punitive verdict is necessary to act as a deterrent- Federal Law Mandated corrective action which obviously was ignored... Jack Straw 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 Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue July 22, 2013 Excess, Surplus & Specialty Markets Directory, Volume II More Newsletters Choose Newsletters Daily Headlines Weekly Reader Picks Magazine Update Insurance Journal TV Classifieds Breaking News MyNewMarkets Daily Claims Daily Enter Your E-mail Market Directories Excess & Surplus Markets Programs Workers' Comp Markets New Insurance Jobs Commercial Account Manager Personal Insurance Sales Representative Personal Insurance Sales Representative Customer Service Representative Have a job opening? List it on our Web site. How to Advertise For information about advertising on this newsletter and Insurance Journal magazines, contact Julie Tinney at (800) 897-9965 x148. View our Media Kit for advertising options in our magazines and online properties. Subscribe | Unsubscribe | Send to a Friend | Contact Us Insurance Journal 3570 Camino del Rio North, Suite 200 San Diego, CA 92108 (800) 897-9965 Copyright © 2013 by Wells Media Group, Inc.