Tuesday, September 3, 2013

Daily Headlines: Tuesday, September 3, 2013

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Insurance Journal Daily Headlines
September 3, 2013
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Agents Who Understand Customers' Businesses Boost Commercial Insurers: J.D. Power

Small commercial lines insurance customers most value having an insurance agent or broker who completely understands their individual ...

Gulf, Atlantic Coasts Appear Safe from 3 Tropical Storms

Three potential tropical systems stretch across the Atlantic from Mexico's Yucatan Peninsula to Africa's west coast, though none is ...

Obamacare Supporters Decry Republicans' Moves on Health Navigators

Supporters of the U.S. health-care overhaul are criticizing a House panel's scrutiny of nonprofit groups set to help enroll people in new ...

Schools, Parents Seek Protection for Kids' Pricey Smart Devices

In the couple of weeks since the Academy of Our Lady in Marrero, Louisiana, began its school year, three of the 450 students have already ...

Sprint Expands User-Based Insurance Platform

Sprint is expanding its user-based insurance platform -- Integrated Insurance Solutions -- with two new products that the company believes ...

Best Affirms Members of Farmers Insurance Group Ratings; Outlook Stable

A.M. Best Co. has affirmed the financial strength ratings (FSR) of 'A' (Excellent) and issuer credit ratings (ICR) of "a" of the members of ...

Aspen US Names DiBattista as SVP of Excess Casualty

Aspen US Insurance in New York has named Jude DiBattista as senior vice president and chief underwriting officer for Excess Casualty. ...

From MyNewMarkets.com How Agents, Brokers Can Help Themselves, Clients with Healthcare Reform

The Affordable Care Act (ACA) has accelerated change and confusion in the health insurance marketplace and businesses and individuals are...
Carrier Management

Zurich Defends Financial Reporting

Leaders of Zurich Insurance Group defended the quality of its financial reporting on Friday in response to media...
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East

Tough-to-Kill New York Buses Drive Through U.S. Law's Loopholes

Outside New York's Winter Garden Theatre, where "Mamma Mia" is nearing the end of a 13-year Broadway run, unwitting tourists board a bus ...

The Navigators Group Moves Headquarters to Stamford, Connecticut

The Navigators Group Inc., an international commercial property/casualty specialty insurance holding company, announced today that it has ...

Ironshore Appoints Senior VP of Northeast Region

Bermuda-based specialty insurer Ironshore Inc. appointed Aileen Marchese as senior vice president of the Northeast Region. Based in New ...

Critics Say It's Time New York Ends 1885 Scaffold Law

Years before skyscrapers, when New York City's tallest building was still the 281-foot spire of Wall Street's historic Trinity Church, ...
Eight Secrets of the Top Performing Agents - New Webinar from Academy of Insurance
Midwest

Missouri Lawmakers Eye Uninsured Motorist Bill for Override

Driving without auto insurance could mean losing out on court damages if Missouri lawmakers push forward with an effort to override one of ...

Levitt Appointed Sales Leader in Swett & Crawford's Chicago Office

Ron Levitt has taken on the role of sales leader in Swett & Crawford's Chicago office, the company announced. Levitt will continue as a ...

Proof of Insurance Law Puzzling Some Illinois Police

A new Illinois law that allows motorists to provide proof of insurance using their smartphones is puzzling some police departments. The ...
Southeast

Florida's Citizens Signs with 10 Insurers to Take Nearly 400,000 Policies

Hundreds of thousands of Floridians who rely on Citizens Property Insurance could soon find themselves with a new insurance company. State ...

Kentucky Supreme Court Reinstates $42M Verdict Against Fen-Phen Lawyers

A group of 431 people sickened by the diet drug fen-phen should be allowed to collect a $42 million judgment from their former attorneys ...
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South Central

Oklahoma's Natural Disasters Take Their Toll on Insurance Industry

Dan Ramsey expects the occasional disaster. Ramsey, the CEO of the Independent Insurance Agents of Oklahoma, knows that Oklahoma's unique ...

10 Years of Tort Reform in Texas Bring Fewer Suits, Lower Payouts

Ten years after the Texas Legislature capped damages in the state's medical malpractice lawsuits, the number of suits and the amounts paid ...

South Texas Counties Among Highest Rates of Uninsured in Nation

Two South Texas counties have among the highest rates of people without health insurance in the nation, with working Hispanic men in South ...
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West

Containment of Yosemite Fire At 75 Percent

A massive wildfire around Yosemite National Park in California is now 75 percent contained. Fire officials say crews made good progress ...

Employee Sues Montana Hospital for Whistleblower Firing on Nuclear Waste

A fired Montana employee from Bozeman Deaconess Hospital has filed a lawsuit contending he was dismissed after reporting to federal ...

RGEB Acquires Group Health Business of Archer Weiss in California

RGEB Employee Benefits has acquired the individual, Medicare and group health insurance business of Archer Weiss, a firm providing health ...

$50M Claim Filed In Crash That Killed Arizona Boy

The family of a young Arizona boy who was fatally struck by Pima County Sheriff's Department vehicle has filed a claim seeking $50 million ...
International

Swiss Re Survey Finds Most People Believe World is Getting Riskier

A key finding from a landmark survey commissioned by Swiss Re on the occasion of its 150th anniversary, has found that "people around the ...

Shippers Brace for More Suez Canal Turmoil After Vessel Attack

An attack by assailants on a container ship in the Suez Canal has heightened risks for merchant shipping using the vital waterway, with ...

Global Reinsurer Capital Reaches $510 Billion: Aon Benfield Survey

The latest edition of the Aon Benfield Aggregate (ABA) report, which analyses the financial results of the world's leading reinsurers in ...

Aon's Impact Forecasting Launches Models for E. Africa Quakes, Mexico Floods

Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, has launched two new models: an earthquake ...

Best Cites 'Capital Challenge' as Reinsurance Capacity Affects Market

Citing figures from a Swiss Re sigma study, A.M. Best has indicated that "despite a subpar operating climate, global reinsurers have ...

Willis Signs w/ Xchanging Defense Fees Recovery Outsourcing Service

London-based Xchanging, the business process, procurement and technology services provider, announced that Willis has become the first ...

Swiss Re Corporate Solutions Names Kleiterp to Head Asia Pacific

Swiss Re Corporate Solutions has appointed Fred Kleiterp, a Swiss Re executive, as Head of Asia Pacific. He will move from his current ...

Former Lloyd's Chairman Max Taylor Joins Pioneer Underwriting Board

Former Lloyd's Chairman Max Taylor Joins Pioneer Underwriting Board Recently formed - April 2011 - Pioneer Underwriting Limited announced ...

Best Affirms Argo Group International 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 Bermuda-based ...
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DeGraide Named to DVIC Strategic Board

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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...
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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

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
Parachute Rigger Insurance
Posted: Wed Aug 28 -- Can anyone do a GL with 1MM/2MM/2MM? Revenue is 50K. Sarkis Kaladzhyan 818-906-7900 InsureTime
SEO and buying back links
Posted: Tue Aug 27 -- I wouldn't recommend for anyone to buy links. The best way to optimize is naturally. What would the normal website... ABMCalifornia
Need assistance for job advice please
Posted: Thu Aug 22 -- Hello everyone. I'll be brief and to the point. I have been trying to obtain employment as a claims adjuster after... ABMCalifornia
Insurance agencies for sale ?
Posted: Wed Aug 21 -- I'm currently looking to buy an insurance agency, I don't mind dealing with sales... CoJones
Feedback - Good, Bad, Ugly on the following Aggregators/GAs
Posted: Tue Aug 20 -- I looked extensively into many of these a few years ago. They all have their place and are right for the right agent. My advice is to look... ILguyonown
What is your biggest pain as an agent?
Posted: Mon Aug 19 -- Think about getting a stand up desk. Just google "stand up desk". There are many options. jtownagent

Reader Comments

Cyber Alert: Syria, Aided by Iran, Could Retaliate Against More U.S. Companies
Posted: Thu Aug 29 -- A former NSA director using the phrase "sounds like an Iranian proxy" should be taken with a few million grains of salt. The Washington... ExciteBiker
Cities, States with Best Drivers: Allstate
Posted: Tue Aug 27 -- Perhaps the great drivers of Washington DC are spending too much time texting on their free Obama phones to pay attention to driving. Agent
Premium Increases Under Obamacare Are Exaggerated, Rand Says
Posted: Fri Aug 30 -- The article states that there won't be a big change in premium rates, and goes on to explain that rate hikes will be offset by government... Cheetoh Mulligan
Wal-Mart Will Offer Health Insurance to U.S. Employees' Domestic Partners
Posted: Wed Aug 28 -- So much for the "Low Price Guarantee." No way will Wal-Mart just absorb these additional costs, they'll be passed on to consumers through... wvagt
Family of North Carolina Football Player Killed by ATV Sues School, Coach
Posted: Tue Aug 27 -- The information provided sure doesn't answer any questions. I wonder, as well, what happened. jw

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