Friday, July 20, 2012

Daily Headlines: Friday, July 20, 2012

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Insurance Journal Daily Headlines
July 20, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Record Number of Farmers Expected to File Crop Insurance Claims

The drought ravaging America's prime farmland is having an unexpected consequence that could shape the future of agricultural finance: in ...

Bipartisan Senate Bill Addresses Cyber Threats

Compromise legislation introduced in the U.S. Senate on Thursday would bolster cyber threat assessment and permit the government to share ...

House Lawmakers Reach Deal on Russia Trade Pact, Rights Bill

The top Republican and Democrat on the House of Representatives Ways and Means Committee said on Thursday they had reached a deal to move ...

Travelers Reports More Rate Gains, Seeks Higher Homeowners Deductibles

The Travelers Companies, which reported its second-quarter results yesterday, said renewal rates are continuing to trend up across its ...

CNA Exapnds Management Liability Coverage for Aging Services Providers

CNA insurance companies has announced changes in its management liability coverage form for not-for-profit aging services providers. The ...

From MyNewMarkets.com Worldwide Uncertainty Highlights Value of Political Risk, Trade Credit Insurance

Interest in political risk and trade credit insurance is the highest it's been since after 9/11, according to underwriters, and it's coming...
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East

Thunderstorms Cause Havoc, Power Outages in NYC Area

Thunderstorms that blew through the New York metropolitan area knocked down tress, power lines and caused some flight delays. Thousands of ...

U.K.-Based Insurer Amlin Sets Up Reinsurance Unit in New Jersey

UK-based specialist insurer Amlin plc is setting up a U.S. market for casualty reinsurance targeting nationwide business with a focus on ...

N.Y. Gov. Cuomo Urges Homeowners to Protect Against Storm Losses‎

New York Gov. Andrew Cuomo is urging to take steps now to protect their homes in the event New York is hit by any of the nine to 15 storms ...

Insurers for Colleges May Tighten Underwriting After Penn St. Scandal

Liability insurance carriers and brokers that offer coverage to higher educational institutions have been watching the Penn State scandal ...
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Midwest

Officials Tracking Down Assets of Disgraced Iowa CEO

Officials are moving quickly to seize the wide-ranging personal assets of the disgraced founder of an Iowa brokerage so they can try to ...

Michigan House GOP Won't OK Health Exchange Anytime Soon

Republican lawmakers want more questions answered before they'll consider giving GOP Gov. Rick Snyder approval to start work on a website ...

Severe Drought Includes Much of Nebraska, Iowa, Indiana

The latest U.S. Drought Monitor map shows that severe drought affecting much of the Midwest and Great Plains now covers more than half of ...

North Dakota Insurance Agent Charged With Stealing from Customer

A Dickinson, N.D., insurance agent is accused of stealing $30,000 from a customer three years ago to buy gold coins and make a payment on ...

Federal Assessment of Flood Damage Under Way in Wisconsin

Officials with the U.S. Small Business Administration are touring Douglas County to view damage from a flood there in late June. Gov. Scott ...
Join us online Thursday July 26 for a LIVE webcast, Five Court Cases You Need to Know by Name - hosted by Insurance Journal's Academy of Insurance - Reserve Your Spot Today
Southeast

Tennessee Court Says Killer Can Keep Insurance Money

A Tennessee appeals court has reluctantly ruled that a Johnson City man convicted of killing his wife in a bathtub for the insurance money ...

Fire Closes Alabama Insurance Department

The Alabama Department of Insurance will remain closed until at least Monday due to a power outage caused by a small fire in Montgomery's ...

Hawk Joins Todd Insurance Agency in Florida

After two years pursuing undergrad studies at Florida Gulf Coast University, Christina Hawk has rejoined the Ted Todd Insurance Agency in ...
South Central

Republic Group Appoints Greenfield as Senior VP, Chief Underwriting Officer

Texas-based super regional property/casualty insurer, The Republic Group, named Thomas M. Greenfield to serve as senior vice president and ...

Man Files Federal Lawsuit Against Oklahoma Town in Wake of Police Probe

A former inmate who was freed from prison has filed a federal lawsuit against the city of Tulsa, Okla., and two convicted police ...

Exceptional Drought Area Worsens in Arkansas

The area of Arkansas experiencing exceptional drought conditions has tripled from a week ago to nearly 11 percent of the state. New U.S. ...

Kearby to Lead Austin Association of Insurance Professionals

The Austin Association of Insurance Professionals (AAIP) recently elected Jan Kearbey with Service Lloyd's Insurance Co. as president of ...
West

Health Survey Gives Oregon Workers Weight Option

A weight-related question will remain on a wellness questionnaire for Oregon state workers, but employees next year will be given an ...

Suit Says Paramedics Blocked From Aiding Woman in Northern California

A negligence lawsuit says San Jose, Calif. police officers prevented paramedics from helping a dying gunshot victim. The San Jose Mercury ...

Up Next: California's Wildfire Season

With Colorado's and New Mexico's record wildfire seasons freshly in mind, some experts are starting to take note that California's ...
International

Heat Waves Need 'Re-purposed' Climate Research: Reuters Gerard Wynn

A major heat wave and drought has sent world grain prices sky rocketing for a second of three summers suggesting it is time to address ...

Earnings Report: Beazley Group

Selected earnings highlights from Dublin-based Beazley Group for the first six months of 2012 are as follows:      ...

IRB Brasil Re Licenses RMS Cat Models

Professional reinsurer IRB Brasil Re has entered into a long-term agreement to license Risk Management Solutions' suite of models "to ...

Taranto to Step Down as Everest Re CEO in 2013; Addesso Is Successor

The Bermuda-based Everest Re Group, Ltd. announced that Joseph V. Taranto has agreed to continue in his role as CEO of the Company through ...

Montpelier Re Names Dalton President of Montpelier Underwriting

Bermuda-based Montpelier Re Holdings Ltd., which specializes in short-tail reinsurance and other specialty lines, announced that John ...

Best Affirms Polish Re's Ratings; Outlook Stable

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of 'A-' (Excellent) and issuer credit rating of ...
Insurance Journal Blogs

Harsh medicine in South Florida

The Citizens Property Insurance Corp.'s governing board convened a workshop in Miami this week to address various issues facing the ...

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Agency Capitalizes on Obamacare

Shawn Pynes, principal with Barney & Barney, discusses the benefits business following...
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LexisNexis Insurance Exchange Celebrates One-Year Anniversary

The LexisNexis Insurance Exchange – an online single-entry submission system that...

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New Discussions in the Forums

Insurance aggregators/Groups for personal lines
Posted: Thu Jul 19 -- Who has experience with the many different Insurance Aggregators, their fees, ease of binding applications/endorsements and the number of... surestart12345
Insurance Noodle vs. Superior Access vs. Agent Secure
Posted: Thu Jul 19 -- I too would love to hear of a good alternative to ISU. I've looked at many aggregators too and considering one of two to join this next... surestart12345
Personal Lines - Renewal Letters? E&O Prevention
Posted: Thu Jul 19 -- We have what we call a Family Risk Questionnaire that is sent on all personal lines customers. It is sent on every single personal lines... kfrasier
Commercial Auto Coverage for Golf Carts Florida
Posted: Thu Jul 19 -- I know Colony Specialty writes this business through MGAs in Florida. If you find a retailer who works with a MGA that writes with Colony... jimc0419
AMS360 for accounting?
Posted: Thu Jul 19 -- Just to be sure: is this the "AB Income" amount given by the Income and Expense Report? Also, how do we determine which of these... insstudent
Work Comp Carriers for Nursing Home
Posted: Thu Jul 19 -- What carriers in the market cover nursing homes? I have a client that has nursing home/rehab center/assisted living facilities in a couple... consult1
Carriers for Multistate Trucking/Warehousing Work Comp
Posted: Thu Jul 19 -- What carriers in the market cover multistate trucking/warehousing work comp? The company does long haul and local trucking, warehousing, and... consult1
Agent no legal duty to inform on cancellations?
Posted: Wed Jul 18 -- This being the case, I believe, on personal lines auto and homeowners, 80-90% of all commissions should be fully earned at inception except... mhutch69
Comp in Ca
Posted: Wed Jul 18 -- In this hardening market, I think your only option may be State Fund. Even if he had prior experience, I think that State Fund would be the... justthere

Reader Comments

Casino Waitresses in Pennsylvania Sue Over Maternity Policy
Posted: Tue Jul 17 -- Was this policy in force when the waitresses accepted their positions? If so, then too bad for them. The casino still tried to keep them... Reverend Haywood Judumee
Police: Naked Man Crashes Through Texas Mall
Posted: Thu Jul 19 -- Wise choice by Arthur Walker.....Champs is known to have an extensive clothing selection for the discerning man about town..... Hibbsey
Theme Park Sued For Barring Amputees From Coaster
Posted: Fri Jul 13 -- The park has a 17 page ADA pamphlet on its website, I would imagine the govt requires theme parks to have such pamphlets as well as signs... sgal
Arkansas Rice Farmers Sue Texas Company Over Hybrid Rice
Posted: Wed Jul 18 -- "Many farmers sought hybrid seed after non-hybrid rice was contaminated with a genetically-modified strain starting in 2006. The... ExciteBiker
GM's OnStar Car Owners Now Able to Rent Out Their Vehicles
Posted: Tue Jul 17 -- Well you just voided the personal auto polciy coverage. Nice job GM. bill ford

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July 2, 2012
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