Thursday, September 5, 2013

Daily Headlines: Thursday, September 5, 2013

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Insurance Journal Daily Headlines
September 5, 2013
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

How U.S. Consumers Feel About Usage-Based Auto Insurance

U.S. drivers are open to purchasing usage-based auto insurance (UBI) policies, or "pay as you drive" insurance, and are even more ...

U.S. Reinsurance Sector's Profit Jumps 32% to $4.76B for 2013 First Half

The Reinsurance Association of America (RAA)'s latest survey shows a group of 18 U.S. property/casualty reinsurers posted $4.756 billion ...

Obamacare Premiums Called Affordable in 17-State Survey

A 25-year-old New Yorker earning $25,000 a year will pay as little as $62 a month for health insurance next year, and a peer living in ...

Military Contractor KBR Seeks Immunity from Soldiers' Toxic Exposure Claims

KBR Inc. is invoking federal laws shielding contractors during wartime in an effort to avoid a Texas trial over injuries claimed by troops ...

Tropical Storm Gabrielle Drenches Puerto Rico

Tropical Storm Gabrielle isn't expected to gain much strength as it churns in the Caribbean Sea on a path between Puerto Rico and the ...

Driveway Software Launches Smartphone Platform for Usage-Based Insurance Market

San Francisco-based Driveway Software, a provider of smartphone-based telematics products for the usage-based insurance market, has ...

Berkshire Hathaway Specialty Hires Markel IT Exec as Chief Information Officer

Berkshire Hathaway Specialty Insurance -- the recently launched commercial P/C insurance unit of Berkshire Hathaway -- hired James Roser as ...

From MyNewMarkets.com Five Hidden Risks Faced By Fitness Centers

A majority of fitness center owners are underinsured and exposed to hidden risks that could ruin their business, according to Los...
Carrier Management

P/C Loss Reserve Cycles Are Real: AM Best

The idea that carriers release loss reserves when property/casualty insurance markets soften, and strengthen them in...
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East

New Hampshire's Attorney General Sues Shell Oil for $2.4M Cleanup Costs

New Hampshire's attorney general is suing Shell Oil Co. seeking reimbursement of $2.4 million in cleanup costs, saying the company did not ...

Google Tests Self-Driving Car at Virginia Tech

Google is working with Virginia Tech researchers to bring its vision of cars that can drive themselves one step closer to reality. The ...

New Jersey Court: Text Sender Can Be Held Liable in Crash

A New Jersey court says a person who knowingly sends a text to a driver can share liability if the driver causes an accident. The ruling ...

N.J. Survey: Over 60% of Young Drivers Say They've Texted While Driving

New Jersey auto insurance group Plymouth Rock Assurance released the results of a distracted driving study that found 61 percent of young ...
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Midwest

Insurance Rates Released by Wisconsin Governor Questioned

Health care advocates called into question information released by Wisconsin Gov. Scott Walker's administration showing dramatic rate ...

Aviva's Buyer Intends to Trim Des Moines-Area Jobs

The buyer of Aviva USA intends to trim about 90 Aviva jobs in the Des Moines, Iowa-area as it cuts about 10 percent of the insurer's ...

South Dakota Hail Storms Were Some of the Worst in Years

Recent hail storms on both sides of South Dakota were some of the worst in years, according to meteorologists and insurance officials. A ...

Auto Tire and Rim Thefts Increasing in Metro Detroit

Tire and rim thefts are increasing sharply in Detroit, Mich., according to Help Eliminate Auto Thefts (H.E.A.T.) and the American Car ...
Southeast

Court Upholds $1M Sexual Harassment Claim Against Alabama State

Federal judges have rejected Alabama State University's appeal of a $1 million court judgment for sexual harassment. The Montgomery ...

Plan Would Place Rifles in Georgia Schools

A Georgia school system is considering the idea of storing rifles in safes inside school offices in case they're needed to defend students ...
South Central

Judge Orders Armstrong to Answer Doping Questions in Insurer Case

A Texas judge is pushing Lance Armstrong closer to his first sworn testimony on details of his performance-enhancing drug use, ordering the ...

State Looks at Louisiana Highway 70 Detour Options Near Sinkhole

A growing sinkhole just south of Louisiana Highway 70 in has raised worries in Assumption Parish about subsidence that could cut off the ...

San Antonio Adjuster Pleads No Contest to Felony Theft of Insurance Payments

The Texas Department of Insurance reported that a licensed insurance adjuster, Jennifer Marez, 35, of San Antonio has pleaded no contest to ...
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West

Scientists Defining Cascadia Subduction Zone in Pacific Northwest

Scientists are just back from a monthlong research cruise in the Pacific Ocean off Washington state, where they were trying to find the ...

Brewer Appeals Disaster Denial For Yarnell Fire

Arizona Gov. Jan Brewer is appealing denial of disaster assistance  from the federal government for the wildfire that killed 19 ...

Family Of Bicyclist Killed In San Francisco Files Suit

The family of a 24-year-old woman hit by a truck and killed while riding her bike in San Francisco has filed a wrongful death lawsuit ...
International

Best Expresses Concerns over London Market Placement Deals

A.M. Best has been studying the recent innovation in the London insurance market, exemplified by the arrangement between Aon and Berkshire ...

Lloyd's Chairman Nelson Says Insurance Investment Boom Creates Risk

A flood of investment capital into structures linked to insurance could lead to instability and spark a new financial crisis if left ...

EU Insurers Spent $6.5 Billion on Regulation in 2012: Deloitte Estimate

Europe's 40 largest insurers spent as much as €4.9 billion ($6.5 billion) last year complying with new regulations, according to ...

Dryad Maritime Gives Insights on Gulf of Guinea Maritime Crime

The UK-based maritime intelligence provider, Dryad Maritime, has issued a report - Special Advisory, The West Africa Problem; Mission Not ...

Chubb's Lloyd's Syndicate Announces Cyber Security Offering

Chubb's London office announced the availability of cyber security insurance through its Lloyd's Syndicate, Chubb 1882. It is "based on ...

Geneva Association Announces Re-Branding

The Geneva Association, the international insurance think tank, has announced a make-over for its logo and thematic colors, which it said ...

Collett Joins Willis to Expand Financial Solutions Division in Hong Kong

Willis Group Holdings announced the appointment of Les Collett to establish a Financial Solutions office in Hong Kong, effective from ...
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Insurance Journal Blogs

How to Run a Successful Facebook Contest for Your Agency

This post is part of a series on insurance marketing and training sponsored by Astonish. Just a few years ago, most businesses thought ...

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Insurance Journal TV

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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: Thu Sep 5 -- Yesterday, Travelers announced via conference call, that they are reducing agent's commissions on their new personal lines auto policy to... lonestar
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
Piano Movers Ohio
Posted: Fri Aug 30 -- I just noticed the heading.. DOPE!.... ABMCalifornia
1st Year as a Producer Stories
Posted: Thu Aug 29 -- Haha love the experience. It amazes me what some insurance agents go through... ABMCalifornia

Reader Comments

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?
West Virginia Family Sues Over Accident Photo
Posted: Wed Sep 4 -- Absolutely inappropriate and disgusting behavior from a trusted "first responder". Moe
Zurich Insurance CFO Named Ackermann in Suicide Note
Posted: Fri Aug 30 -- Hmmm. I zink zer ist more to dis zan meets the monocle. nomesaneman
Wisconsin Law Lets Motorcyclists Ignore Some Red Lights
Posted: Thu Aug 29 -- Yeah, I have the same issue with my Alfa Romeo. It's a small price to pay for so much driving enjoyment. That's a great car you have, by the... Fair Playing Field

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