Thursday, September 6, 2012

Daily Headlines: Thursday, September 6, 2012

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Insurance Journal Daily Headlines
September 6, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

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, ...

Congress Quietly Working On Renewal of Federal Disaster Aid

Despite some sniping on the presidential campaign trail, negotiations on Capitol Hill are likely to ensure a smooth flow of disaster aid in ...

Most Unusual Pet Insurance Claims of the Year

A dog that got bitten by a turtle, a hound found literally hanging around the barbecue grill and a cat that went for a ride after getting ...

Lexington Introduces CarbonCover Property Policy

Lexington Insurance Co. has introduced CarbonCover ODS, a property insurance policy that addresses the emerging needs of the climate change ...

From MyNewMarkets.com U.S. Construction Firms Facing Double-Digit Increases for Liability Insurance: Marsh

The commercial general liability market for the U.S. construction industry continues to firm with underwriters seeking rate increases of up...
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East

N.J. Scrutinizes Workers Comp TPAs' Side Deals With Vendors

New Jersey's comptroller office says some workers' compensation third party administrators (TPAs) have undisclosed side agreements with ...

New Massachusetts Fire Safety Rule Takes Effect

A new fire safety rule is taking effect in Massachusetts. State Fire Marshal Stephen Coan says that, starting September, there's a ban on ...

Liberty Mutual Boosts Charitable Giving, Plans to Donate $17M in Mass.

Insurer Liberty Mutual Group Inc., already one of the largest supporters of nonprofits and community groups in the Boston area, has ...

Marsh Announces New Head of Hartford, Connecticut Office

Marsh, the insurance broking and risk management division of Marsh & McLennan Cos., appointed industry veteran Carmela Inneo as head of its ...

New CNA Umbrella Leader Appointed to Northeast/Mid-Atlantic Zones

CNA Financial Corp. has appointed Cheryl Paton as assistant vice president for umbrella insurance. She joins CNA's New York office, and ...

Penn State Reports Almost $17M in Sandusky Costs

Penn State's costs for legal fees, consultants and public relations firms hired to help deal with the Jerry Sandusky child sex abuse ...
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Midwest

R&R Insurance Services' Riesch-Knapp Transitions to Employee Benefits

R&R Insurance Services Inc., headquartered in Waukesha, Wis., announced the transition of Stephanie Riesch-Knapp from commercial lines to ...

South Dakota's Biggest City Bans Texting While Driving

South Dakota's biggest city has banned texting while driving. The Sioux Falls City Council voted to make sending and receiving electronic ...

Jury Awards $1.6M to Cook County Sheriff's Employees

A federal jury in Chicago has awarded nearly $1.6 million to 21 Cook County sheriff's employees who claimed they were demoted for ...

CNA Appoints Cohen Vice President of Field Operations

Chicago-based CNA Financial Corp. has appointed Andy Cohen as the vice president of Field Operations. Cohen joins CNA most recently from ...
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Southeast

Group Cleaning Kentucky Superfund Site Sues Past Users

Companies, municipalities and universities in Kentucky that contributed to what was once one of the largest hazardous waste facilities in ...

How Tornado Has Changed a Kentucky Town

Eddie and Sherri Granger's new life running an antique store in West Liberty, Ky., collapsed in a heap of debris when a tornado demolished ...
South Central

Louisiana Court: Cab Co. Owner Can Be Held Liable for Boy's Death

A state appeal court has reversed itself, ruling that a Bossier City, La., taxi cab company owner can be held personally responsible for ...

Emergency Insurance Rule for Policyholders in Effect in Louisiana

Louisiana Insurance Commissioner Jim Donelon has issued an emergency rule which allows greater protection and flexibility for policyholders ...

Tar Balls on Coast Part of Isaac's Aftermath

Lingering effects of Hurricane Isaac in Louisiana include more than 20,000 electric customers still without power, an estimated 700 people ...

Thousands File Flood Insurance Claims After Isaac

Thousands of flood insurance claims are being filed in the wake of Hurricane Isaac, a slow-moving storm that hammered several parishes in ...
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West

Paraplegic Awarded $1.5m From Fresno Hospital

A man who was left partially paralyzed by an infection has been awarded $1.5 million from a Fresno, Calif. medical center. The Fresno Bee ...

Anchorage To Pay $5.5M To Settle Rape Lawsuits

The Municipality of Anchorage, Alaska will pay more than $5.5 million to 11 women who claimed they were sexually assaulted by a police ...

California Brokers, Agents React to State Fund New Deal

Reaction to a decision by State Compensation Insurance Fund to restructure its broker distribution model has ranged from guardedly ...

Agents, Brokers to Deal with State Fund Wholesalers

California's State Compensation Insurance Fund will now require most of the roughly 5,000 brokers and agents the entity deals with to go ...

MGIS Appoints Green Vice President of IT Operations

Salt Lake City, Utah-based The MGIS Companies Inc., a provider of insurance products and services specifically for physicians, named ...
International

Hurricane Leslie Moving Slowly Towards Bermuda; Michael is 1st Cat 3 Storm

Leslie has become a category one hurricane on the Saffir-Simpson scale with maximum sustained winds of 75 mph, 120 km/h. A gradual ...

Swiss Re Report Analyzes Rise in Flood Losses - $15 Billion and Counting

A new report from Swiss Re underscores the fact the "insured flood losses have increased from $1-2 billion in 1970 to $15 billion in 2011, ...

Aon Benfield Report Highlights Growth of Insurance-linked Securities

Catastrophe bond issuance for the last 12 months - June 2011 to  June 2012 - rose to $6.43 billion - an increase of more than $2 billion ...

Report Finds Less than 10% of Global Insurers Using 'App' Strategy

A report by Swiss research company MyPrivateBanking concludes that while the "mobile app revolution" has reached the insurance industry, ...

Strong Earthquake Strikes Western Costa Rica: AIR Analysis

According to catastrophe modeling firm AIR Worldwide, on September 5 at 8:42 AM local time, a magnitude 7.6 earthquake struck a sparsely ...

Mitsui Sumitomo Promotes Wood to Class Underwriter-Professional Indemnity

Mitsui Sumitomo at Lloyd's announced the promotion of Stuart Wood to Class Underwriter for Professional Indemnity (PI) within its ...
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New Discussions in the Forums

Restaurant with large fire claim
Posted: Wed Sep 5 -- I have a restaurant that is being non-renewed by its carrier due to a large fire claim they had last year. because of the large claim I cant... insguy12
Will old CPCU books work for the new CPCU exams?
Posted: Wed Sep 5 -- Honestly, for the purposes of passing the tests, I doubt a few changes to policy forms would affect you at all. They generally didn't ask... paulbennings
Do you use online leads services?
Posted: Sat Sep 1 -- I have yet to see an agency prosper over time using on-line lead services. They are commodity transactions, low premium, typically... Rainmaker
Track Your CSR's Daily Sales Activity
Posted: Sat Sep 1 -- Yikes....daily sales reports for CSR's? Watch your turnover spike and morale drop like a rock. That's one of those ideas that sounds great... Rainmaker
Independent Agency Growth Rate
Posted: Sat Sep 1 -- There are many different segments to the retail insurance broking industry, ie the 1) globals; 2) top 10 public; 3) top 100; 4) the... Rainmaker
Keeping Track of prospects
Posted: Sat Sep 1 -- I would encourage you to consider that solutions are predicated on the exact need - the more laser focused you are on your specific needs... Rainmaker
Splits
Posted: Sat Sep 1 -- Compensation models vary greatly within the industry based upon alignment, market-space, product mix, geographic footprints, etc., so a... Rainmaker

Reader Comments

Employers Committed to Offering Health Plans; Cost Seen Going Up 5.3% in 2013
Posted: Wed Sep 5 -- Unemployment at 8.3% on Obama's inauguration date 7.7 Foodstamps given up 87% from inauguration date. National Debt 10.5 Trillion on Obama's... Sarah
GEICO Sponsors Rest Area 'Safe Phone Zones' in Virginia
Posted: Tue Sep 4 -- c-c-c-computer generated ? I'm crushed, devastated ! The gecko of my dreams is fake ! The suave English accent and all ! Insurance fraud !... Sally Mander
California State Fund Restructures Broker Distribution
Posted: Tue Sep 4 -- How to screw the small business/agency plant. CSP
Court Mistakenly Posts Secret San Bruno Settlement
Posted: Fri Aug 31 -- Title should read "FORMERLY Secret San Bruno Settlement"... DOH! jdoe
Oklahoma Lawmaker Wants More Money in Workers' Comp Case
Posted: Thu Aug 30 -- Only for others. Never for themselves and their rich constituents. J.S.

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