Monday, September 9, 2013

Daily Headlines: Monday, September 9, 2013

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

Today's Headlines

National

Quiet 2013 Hurricane Season a 'Head Scratcher' for Embarrassed Forecasters

The 2013 Atlantic hurricane season, which forecasters had predicted would be more active than normal, has turned out to be something of a ...

Crop Insurance: A Growing Problem in Time of Record Farm Profits

A Depression-era program intended to save the nation's farmers from ruin has grown into a 21st- century crutch enabling affluent growers ...

Florida Tobacco Ruling Applies in Federal Cases, Court Says

Reynolds American Inc.'s R.J. Reynolds Tobacco unit lost its bid to overturn jury verdicts over smoking-related deaths after arguing that ...

Bank of America, Merrill Settle Gender Bias Claims for $39M

Bank of America Corp. agreed to pay $39 million to settle a gender bias lawsuit by female brokers who claimed they were paid less than men ...

Nautilus Insurance Group Enters Personal Umbrella Market

Nautilus Insurance Group (Nautilus) will begin writing personal umbrella and related coverages nationwide through a new office in ...

Probe Clears BP Oil Spill Claims Chief But Finds Staff Misconduct

An investigation led by former FBI Director Louis Freeh cleared the BP claims administrator of misconduct in handling settlement payouts ...

From MyNewMarkets.com Carriers Urged to End Cyber Exclusion Clause for Energy Firms: Marsh

Continuing uncertainty surrounding the application of cyber-exclusion clauses is eroding the value of insurance and causing mounting concern...
Carrier Management

Five Key Traits CEOs Look For When Hiring Talent

(This article is based on a presentation made by Libby at the IICF Women in Insurance Global Conference in New York on...
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East

Delaware Workers' Compensation Task Force Reconvenes

Delaware's Workers' Compensation Task Force reconvened last Friday for its first meeting since Gov. Jack Markell signed the group's ...

9/11 Responders Far From NYC Seek Compensation

They weren't exposed to anywhere near the same level of ash, grit and fumes, but emergency workers who rushed to the Pentagon and the ...

Proposed Massachusetts License Plate to Aid Bomb Victims

State lawmakers are considering whether to allow motorists to buy a ``Boston Strong" license plate with proceeds helping victims of the ...

WCRI Study of Penn., Md. Finds Vicodin Much Costlier When Dispensed by Doctors

A new study from the Workers Compensation Research Institute (WCRI) says the average price paid for physician-dispensed Vicodin -- a ...
Eight Secrets of the Top Performing Agents - New Webinar from Academy of Insurance
Midwest

Property Auctioned in Wisconsin Insurance Fraud Case

Fur coats, diamonds and Rolex watches were among hundreds of items once owned by a pair of Wausau, Wis., insurance executives that have ...

Scott Named Ohio Insurance Department Legislative Liaison

Lindsay Scott has been named as the legislative liaison for the Ohio Department of Insurance. She will work in the Executive Office's ...
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Southeast

Workers' Compensation Loss Costs Going Down Again in Kentucky

Workers' compensation loss costs used by insurers in figuring rates to charge employers are going down for the eighth straight year. The ...

Mississippi to Create Small Business Health Insurance Exchange

Mississippi Insurance Commissioner Mike Chaney plans to move ahead with a health insurance exchange for small businesses after federal ...

West Virginia Supreme Court Weighs Municipal Liability for Dog Attack Death

The state Supreme Court has been asked to decide whether the Monroe County Commission and a dog warden are responsible for the 2009 death ...

Kentucky Insurance Commissioner Probes Humana's Letters on Obamacare

Officials with the Tennessee Department of Insurance say they are investigating after getting complaints about letters sent by Humana Inc. ...
South Central

Rebel Claimants in BP Spill Settlement Get Expedited Hearing

A U.S. appeals court will hold an expedited hearing for a small group of claimants in a Gulf spill settlement with BP Plc, with oral ...

Oklahoma Sees Double Digit Decrease in Workers' Comp Loss Costs

An annual filing most insurance carriers will use to develop rates for workers' compensation insurance shows a dramatic decrease in loss ...

Roach Howard Smith & Barton Adds Harris in Employee Benefits Division

Leigh Harris joined Texas-based Roach Howard Smith & Barton insurance brokerage firm as assistant vice president in the employee benefits ...
West

NFP Acquires Insurance West Corporation in California

NFP Property & Casualty Services Inc. has acquired Insurance West Corporation, an independent insurance agency in Simi Valley, Calif. ...

Bliss & Glennon Purchases IIW in California

Bliss & Glennon Inc., a leading national managing general agent and surplus lines broker, a division of Fortegra Financial, has purchased ...

Wife Nabbed For Allegedly Cashing Dead Hubby's Workers' Comp Checks in California

Rosa Maria Barajas, 68, of Huntington Park, Calif. was arrested for allegedly receiving workers' compensation benefits of her dead husband. ...

Scientists Assess Damage From Yosemite-Area Fire

Scientists are assessing the damage from a massive wildfire burning around Yosemite National Park, laying plans to protect habitat and ...

MGIS Names Fischerkeller Assistant Vice President in Utah

The MGIS Companies Inc. named Paul Fischerkeller assistant vice president of medical professional liability insurance sales. Fischerkeller ...

California Senate Oks Limits On Workers' Comp For Pro Athletes

The state Senate has approved a bill to prevent professional athletes who spent most of their careers with teams in other states from ...
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International

Munich Re Sees Stable Reinsurance Rates in January Renewals

Munich Re, the world's biggest reinsurer, said it expects stable rates for its property and casualty reinsurance at January price ...

New Capital in Reinsurance Industry Could Reach $100B in 5 Years: Aon

The reinsurance industry may attract about $100 billion of new capital from alternative sources over the next five years as pension and ...

G20 Vows to Coordinate Financial Services Regulations

World leaders renewed their determination on Friday to work more closely and regulate across the financial system to avoid conflicting ...

Swiss Re 'Not Alarmed' by New Capital

Swiss Re expects natural catastrophe pricing rates to stabilize in 2014 after a decline this year, with demand for the cover doubling by ...

August's Natural Disasters Caused $10B in Economic Damage: Aon Benfield

August saw billion-dollar flood losses in China, Russia, Philippines and Pakistan, bringing an initial combined estimate of $10 billion in ...

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California Assemblyman Mixes Insurance and Politics

Assemblyman Ken Cooley, D-Rancho Cordova, started his insurance career in the 1970s working on...
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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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New Discussions in the Forums

Travelers reducing commissions
Posted: Sat Sep 7 -- This may be the case. If so, my Travelers rep better get used to the same answer I give my Progressive rep when they come in and ask:"What... lonestar
Markets for HOA's
Posted: Fri Sep 6 -- Anyone know if CIG is direct appointment only or if they have wholesalers in California? I've been trying to get in touch with them but have... ABMCalifornia
Why I believe in insurance agents
Posted: Fri Sep 6 -- and then "patched back together" because of the value the AGENT brought to the relationship. alsia
Work Comp for Retail E-Cig/Vapor Shops
Posted: Fri Sep 6 -- Does anyone have a market for electronic cigarette retail stores AKA Vapor Shops?... InsureTime
buying commercial lines leads...
Posted: Thu Sep 5 -- Why do you say that? Have you had a bad experience? ABMCalifornia
Med Pay on a Horse Trailer?
Posted: Fri Aug 30 -- I would assume that if your, your family or a visitor hurt themselves entering the trailer or once inside the... ishootfriendlies

Reader Comments

New Jersey Court: Text Sender Can Be Held Liable in Crash
Posted: Wed Sep 4 -- It is scary how unbelievably stupid our courts can be. Don Quixote
West Virginia Family Sues Over Accident Photo
Posted: Wed Sep 4 -- Absolutely inappropriate and disgusting behavior from a trusted "first responder". Moe
Tough-to-Kill New York Buses Drive Through U.S. Law's Loopholes
Posted: Tue Sep 3 -- And when the operator - or their carrier - pays out the paltry $5mil to cover the 14 new quadrapeligic pre-teens, the plaintiff's lawyers... reality bites
Obamacare Supporters Decry Republicans' Moves on Health Navigators
Posted: Tue Sep 3 -- GOP vs the GAP - the Give Away Party - the Dems sure know how to spend other peoples money, but never their own. How much did Obama and his... Whodathunkit?
How U.S. Consumers Feel About Usage-Based Auto Insurance
Posted: Fri Sep 6 -- My auto insurance agent who is a great guy and my insurance company who were kind enough to cover my Pontiac GTP and my 1958 Austin-Healey... Water Bug

Current Issue

September 9, 2013
Current Issue
Top Workers' Comp Writers; Intellectual Property: Copyright, Trademark, Patent & Cyber / Media Liability; Residential Contractors

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