Wednesday, August 29, 2012

Daily Headlines: Wednesday, August 29, 2012

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Insurance Journal Daily Headlines
August 29, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Early Isaac Losses at $1.5B: Eqecat

Hurricane Isaac has caused up to $1 billion in economic losses for offshore energy properties and up to $1.5 billion in insured losses ...

Hurricane Isaac Hits Fortified New Orleans on Katrina’s Anniversary

Hurricane Isaac lashed southern Louisiana with high winds and heavy rains on Wednesday and was set for a late-morning arrival in New ...

U.S. P/C Insurers Expected to Withstand Isaac: Fitch

Fitch Ratings anticipates losses related to Hurricane Isaac will be largely borne by primary insurers, but estimates remain uncertain as ...

GJS Re Opens Facultative Reinsurance Unit; Threlfall to Lead

G.J. Sullivan Co. Reinsurance (GJS Re) has launched GJS Re Facultative to focus on providing quality property facultative reinsurance to ...

Freberg Environmental to Underwrite New Berkley Envrionmental Coverage

Freberg Environmental Insurance (FEI) has formed an agreement to underwrite environmental insurance coverage with Berkley Custom Insurance ...

Isaac Becomes a Hurricane As It Churns Toward New Orleans

Tropical Storm Isaac strengthened into a hurricane just off the U.S. Gulf Coast on Tuesday as it churned toward landfall in the New Orleans ...

From MyNewMarkets.com New National Parks' Insurance Requirements Ignite Controversy

A National Parks Service (NPS) decision to hike their required insurance liability limits by 1,000 percent has some outfitters and guides,...
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East

Philadelphia Residents Among Worst Drivers in Nation: Allstate Report

Philadelphia drivers have been ranked as the worst among big cities with at least 1 million residents, according to an annual report from ...

Del. Insurance Commissioner Candidate Returning $7,200 in Donations

The Delaware Democratic Party's endorsed candidate for insurance commissioner is returning more than $7,000 in political contributions to ...

Ex-NFL Player John Mott Sues in N.Y. for Head Injury

Former NFL player John Mott has sued the league in federal court in New York, saying it failed to warn players about the dangers of head ...

Ohio’s Norman-Spencer Agency Acquires N.Y.-Based Keenan Marine Agency

Ohio-based Norman-Spencer Agency Inc. has acquired New York-based Keenan Marine Insurance Agency LLC. Keenan Marine is a national specialty ...
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Midwest

Ruling: Ohio Doctor Can Be Sued in Inmate’s Suicide

A federal appeals court says an Ohio psychiatrist isn't immune from being sued by the family of an inmate who killed himself in prison. ...

Drought-Stricken States Welcome Rain from Isaac

Tropical Storm Isaac could bring welcome rain to some states in the Mississippi River valley this week, but experts say it's unlikely to ...

Study: 580 Concussions in North Dakota Prep Sports Last Year

A study conducted by the North Dakota High School Activities Association found that there were at least 580 sports-related concussions ...

Cedar Rapids, Iowa Gets Key OK for Flood Plain Projects

Cedar Rapids, Iowa, has gotten state permission to make rule changes that could lead to redevelopment in four downtown historic or ...
Southeast

Mississippi Urges Homeowners to Protect Property Before Evacuating

Mississippi Commissioner of Insurance Mike Chaney issued a statement urging coastal homeowners to take steps to protect their homes until ...

Kentucky Annual Workers’ Comp Loss Costs Fall for 7th Consecutive Year

Kentucky regulators said an annual filing most carriers will use to develop rates for workers' comp coverage shows the seventh ...

Kentucky County Eyeing Timber Firms Over Road Damage

A western Kentucky county is eyeing loggers and their trucks as the cause of damage to county roads. The Hopkins County Fiscal Court is ...
South Central

Hurricane Isaac Soaks Gulf Coast, Tests Levees

Hurricane Isaac drove water over the top of a levee on the outskirts of New Orleans on Wednesday, but the multibillion-dollar barriers ...

Smith Joins IIG/HR Benefits Team in Dallas

Stephen B. Smith is now a managing partner with Independent Insurance Group (IIG), the Dallas, Texas-based company announced. Smith is a ...

Isaac Worries Some Arkansas Farmers, Cheers Cattlemen

Arkansas agriculture officials say Hurricane Isaac would bring welcome rain to the state, but producers are worried about the stormy ...

Isaac Now a Hurricane: Update

The National Hurricane Center says the center of what is now Hurricane Isaac may make landfall on the southeast Louisiana coastline as ...

Louisiana Insurance Department Disaster Plan in Place

With Hurricane Isaac likely headed for the southeast coast of Louisiana, the Louisiana Department of Insurance reports that it has ...

Isaac Brings Wind, Rain and the 7-Year Itch to New Orleans

For New Orleans, Tuesday morning brought an all-too-familiar dilemma: to flee or not to flee. With Hurricane Isaac bearing down on the ...
West

Yosemite Officials Say 1,700 Visitors Risk Disease

The rustic tent cabins of Yosemite National Park — a favorite among families looking to rough it in one of the nation's most majestic ...

NTSB: Trim Tab Failure Caused 2011 Reno Race Crash

The World War II-era P-51 Mustang hurtled over the race course in Nevada at more than 500 mph, its skin wrinkling and canopy separating ...

Workers' Comp Reform Bill Running Low on Time

The numbers continue to change and time is running out on a workers' compensation reform bill that has California legislators scrambling ...

EPIC Adds Bentson As Senior Account Manager

Folsom, Calif.-based Edgewood Partners Insurance Center added Jessica Bentson as a senior account manager in its Folsom office. Bentson's ...

Van Gilder Names Former Community Bankshares CEO as New President

Denver, Colo.-based Van Gilder Insurance Corp. named Don Woods its new president. Woods is co-founder and CEO of Community Bankshares Inc. ...

Jones Annual Report Details Consumer Protection

The California Department of Insurance has issued California Insurance Commissioner Dave Jones' annual report for 2011 that details ...
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International

Tropical Storm Bolaven Makes Landfall in North Korea: AIR Analysis

According to catastrophe modeling firm AIR Worldwide, after weakening to borderline tropical storm/typhoon strength (120 km/h [75 mph] ...

Guy Carpenter Report Finds Lloyd’s Seeking to Improve ‘Competitiveness’

A new report on the Lloyd's insurance market by Guy Carpenter & Co. finds that "Lloyd's is looking to improve its global ...

NHC Tracking TS Kirk

While most of the attention is focused on Hurricane Isaac, the National Hurricane Center in Miami is also tracking Kirk, the latest named ...

Willis to Open 22nd China Office in Harbin

Willis China, part of Willis Group Holdings, announced that the Chinese Insurance Regulatory Commission (CIRC) has granted approval for it ...

Swiss Re Corporate Solutions Opens Netherlands for Benelux Market

Swiss Re Corporate Solutions announced that it has opened an office in Amstelveen, the Netherlands, to "reinforce its presence in the ...

Montpelier Re Names Downey Global Casualty, Specialty Treaty Head

Montpelier Reinsurance Ltd., the Bermuda-based subsidiary of Montpelier Re Holdings Ltd., announced that it has named Christopher Downey as ...
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Sponsored Content

September 19, 2012 Lunch Discussion: Kidnap, Ransom and Extortion

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Insurance Journal TV

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LexisNexis Insurance Exchange Gets New Leader, New Drive

The LexisNexis Insurance Exchange — an online single-entry submission system that...
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Agriculture Business Prepared for This Year's Drought

Record high temperatures in the Midwest have farmers facing the worst drought in over 20 year,...

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New Discussions in the Forums

Monoline DPD- IA, MN, IL, WI??
Posted: Wed Aug 29 -- I have an admitted program, and can write in those states with the exception of MN. I would have to write the WHOLE account. Not just DPD. I... Adame526
Insurance aggregators/Groups for personal lines
Posted: Wed Aug 29 -- Hi Andy, I would like to discuss this in greater detail, but when i called that number, the person said it is the wrong number. Is there... kevin316
Motor Cycle dealer WC (CA)
Posted: Tue Aug 28 -- I have PEO markets at as low as 100K in payroll annually Chad Filley
Splits
Posted: Tue Aug 28 -- I started a P&C agency within an existing company. Started with base salary and moving to commissions this year. I perform all agency tasks... mrnewbie
Life Agent working for P&C Agency
Posted: Mon Aug 27 -- I would like to know if anyone reading this has successfully worked with a P&C agency to sell life insurance and maintained their... austex
Manufactured Home (in park) Insurance in Florida
Posted: Fri Aug 24 -- Thanks, no such program yet....maybe after a CAT loss something like that can be implemented for home insurance. agentagent
Insurance Pro AMS - Any experience?
Posted: Fri Aug 24 -- "helllooo...I am asking for help..I had read all the posts on this topic, but I hadn't seen any superb... ITCBeckySchroeder
Progressive Weasling?
Posted: Fri Aug 24 -- Ravisseur, your post is common sense and I agree with your points. One is that Progressive was not "defending her killer" per se but was... Marina
Wind Exposure-West Coast Florida
Posted: Wed Aug 22 -- Have you checked with any of the E&S Markets? Hull, Crump, or Burns-Wilcox? And, what about Orchid? They are writing tons of "with wind"... suba4004

Reader Comments

2 Hurt by Text-Messaging Driver in N.J. Settle Lawsuit
Posted: Thu Aug 23 -- The lawyer, Weinstien, has gone to a new low level trying to say someone can be held liable if they are "electroniclly present". What a... John
Oklahoma Lawmaker Wants More Money in Workers' Comp Case
Posted: Mon Aug 27 -- Kind of knocked goofy?? I'd say you were already goofy to begin with. A State legislator milking the system. And a Republican at that! Seems... Say What?
Employers Committed to Offering Health Plans; Cost Seen Going Up 5.3% in 2013
Posted: Tue Aug 28 -- Our health insurance benefit is being canceled next year and we will be paid the amount of the current contribution minus the fine for not... Sarah
Judges Tout Wikipedia in 'Jet Ski' Exclusion Ambiguity
Posted: Mon Aug 27 -- Jet Ski is a registered trademark of Kawasaki, but the lower case term 'jet ski' is a popular term synonymous with 'personal watercraft'... ineedjava

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