Wednesday, April 17, 2013

Daily Headlines: Wednesday, April 17, 2013

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Insurance Journal Daily Headlines
April 17, 2013
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Supreme Court: U.S. Courts Lack Jurisdiction to Hear Foreign Human Rights Claims

The U.S. Supreme Court ruled on Wednesday that federal courts do not have jurisdiction to hear lawsuits against foreign corporations ...

Obama Administration Vows Veto of Cybersecurity Bill Over Privacy Provisions

The White House on Tuesday threatened to veto a House of Representatives bill aimed at improving U.S. cybersecurity, citing among other ...

Boston Bombing Investigators Gather Evidence: Backpack, Pressure Cooker, Ball Bearings

Boston Marathon bombing investigators on Wednesday entered the third day of their hunt with an emerging picture of the target: a suspect or ...

Insurance for Sporting Events Could Be Affected by Marathon Bombings: RMS Expert

Insurance markets for sporting events and terrorism coverage could be affected by the Boston Marathon bombings, according to a risk expert ...

'I Wish We Had Acted Earlier,' Says FDA Chief on Meningitis Outbreak

The head of the U.S. Food and Drug Administration conceded on Tuesday that the agency could have been more aggressive in its oversight of ...

Ascot Underwriting to Open Office in New York City

Ascot Underwriting Ltd. announced that its office in New York, led by Paul Amrose, Chief Underwriting Officer Ascot Fac, will open for ...

RSG's Sapphire Blue, Catlin Agencies Launch Rural, Specialty Hospital Program

Ryan Specialty Group's (RSG) Sapphire Blue and Lloyd's Catlin Underwriting Agencies Ltd. have launched a new liability insurance program ...

From MyNewMarkets.com Interest in Personal Gun Liability Insurance Protection Increasing

Interest in personal liability insurance for firearms owners has expanded with the media focus on gun-centric events and the public...
Carrier Management

Minding The Gap: Investment Risk Management In A Low-Yield Environment

A significant component of managing a property/casualty insurance company's investment portfolio is gap...
Free Work Comp Checklist from Academy of Insurance
East

NYC Stays Alert as Precaution; Mayor Rides Subway

Police armed with rifles and extra patrol cars were stationed around the city Tuesday as New York remained in a heightened state of alert ...

Tighter Security for Upcoming Marathons in Northeast

Organizers of the Buffalo Marathon in New York say runners in next month's event can expect tighter security measures in the wake of the ...

XL Group Appoints Head of Global Claims in Connecticut

XL Group has hired Andrew Pinkes for the company's insurance operations as executive vice president, global head of claims. He steps into ...
Explaining Work Comp Combinability to Your Clients - new webcast available from Academy of Insurance
Midwest

State Appeals $860M Award to Ohio Employers

The state has appealed a judge's order granting $860 million in repayments from Ohio's insurance fund for injured workers to employers the ...

FEMA App for Collecting Damage Info Being Tested in Wisconsin

Some emergency management directors in Wisconsin are testing a new application from the Federal Emergency Management Agency. Outagamie ...

Hylant's Skirvin Named Risk Management Professional of the Year

Sara Skirvin, client service manager at Toledo, Ohio-based Hylant, recently was named Risk Management Professional of the Year at the ...

Iowa Lawmakers Say State Could Pay for Flooded Homes

Some lawmakers say a bill recently passed by the Legislature could leave taxpayers vulnerable if future flooding damages homes surrounding ...
Southeast

Florida Cat Fund Looks to Issue $2 Billion in Pre-Event Bonds

Florida's state-run property reinsurance facility is preparing to issue $2 billion in revenue bonds to ensure it has enough money on hand ...

South Carolina Journalist Is Pulitzer Finalist for Insurance 'Black Box' Coverage

For the second time in three years, reporter Tony Bartelme of the Post and Courier of Charleston, South Carolina,  is a finalist for a ...
South Central

Judge Chides Army Corps over New Orleans Levees

The Army Corps of Engineers built a "tragically flawed" levee system for New Orleans - but isn't liable for claims that excavation work by ...

Series of Earthquakes Shakes Central Oklahoma

The U.S. Geological Survey says several earthquakes have shaken central Oklahoma. USGS geophysicist Jana Pursley says the temblors began ...

Arkansas House Passes 'Private-Option' Medicaid Funds

The Arkansas House on Tuesday approved a plan to use federal Medicaid funds to buy private insurance for low-income residents, with many ...
West

Pro Athletes Fight Limits on California Workers' Comp

Former professional athletes who have battled countless injuries since they left the game on Monday criticized a bill in the state ...

Nevada Firm Pays $70k in Suit Over Pregnant Worker

A government contractor at the Hawthorne Army Depot in northern Nevada has agreed to pay $70,000 to settle a lawsuit over the firing of a ...

Oregon Panel Passes Immigrant Driver's License Bill

An Oregon Senate committee has advanced a bill granting four-year driver's licenses to people who can't prove they're legally in the United ...

California Attorney General Seeks Drug Database Funds

Legislation that would provide funding for California's substance-abuse tracking system has passed its first committee. The database lets ...

Sullivan Brokers Taps Janes, Murphy in California

Sullivan Brokers Wholesale Insurance Solutions named Brian Janes to the firm's property practice group as assistant vice president, and ...
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International

IEA Concludes Clean Energy Progress 'Too Slow' to Limit Global Warming

The development of low-carbon energy is progressing too slowly to limit global warming, the International Energy Agency (IEA) said on ...

Powerful M7.8 Earthquake Strikes Iran-Pakistan Border: AIR Analysis

Catastrophe modeling firm AIR Worldwide has issued a report on the powerful M7.8 earthquake, which struck a sparsely populated area of ...

Cooper Gay Swett & Crawford Complete $500 Million Financing Deal

Cooper Gay Swett & Crawford Limited (CGSC), the global wholesale insurance and reinsurance broker, has announced the successful completion ...

Willis Extends Call Option on Acquisition of All Gras Savoye Shares

Global risk advisor, insurance and reinsurance broker Willis Group Holdings announced that it has extended by one year the exercise date of ...

Willis Re Claims Exec on Mutual Insurers' Cat Loss Exposures

Willis Re may be positive about the market changes that could benefit mutual insurers , but Barry Costi-Mouyia, Technical Claims Director ...

Catalina Completes Acquisition of KX Re from Tawa plc

Catalina Holdings (Bermuda) Ltd announced that it has completed its acquisition of KX Reinsurance Company Limited, including its Re's ...
Insurance Journal Blogs

Burand's Agency E&O Blog: Tip #30

Felony Background Checks. An important step in hiring people. If an employee has a felony conviction and the agency has not obtained the ...

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Greenberg's View: Finite Reinsurance

The cornerstone of former New York Attorney General Eliot Spitzer's campaign against AIG and...
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Agents Hang-On to P/C Market But Lose Ground in Personal Auto

After years of dwindling premiums, the property and casualty insurance industry managed to...

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New Discussions in the Forums

Pole Barn W/Wind FL
Posted: Wed Apr 17 -- Private property Autumnle465
Paperless Environment
Posted: Tue Apr 16 -- I completely agree with Island Girl. We started going paperless 6 years ago. The first year was a royal pain with the initial scanning but... justthere
Business Loss - Travel Insurance
Posted: Tue Apr 16 -- This is true. However, most people do not realize that major credit card companies also provide insurance for lost or damaged goods while... chad37
TX - Workers Comp - Contractor
Posted: Tue Apr 16 -- Have you considered a Professional Employer Organization (PEO)? SOI has locations in Dallas, Houston, Austin and San Antonio as well... DOrgant
What is your biggest pain as an agent?
Posted: Mon Apr 15 -- 1) Billing questions, non payment cancelations, reinstatement request of bad pay clients. 2) Binder requests... yoyowordup
Agency Management System
Posted: Mon Apr 15 -- If you click on the specific company at agencyuserreviews.com it shows you how many customers reviewed the software and their comments.... yoyowordup
Insurance Noodle vs. Superior Access vs. Agent Secure
Posted: Mon Apr 15 -- ok- I'm trying to keep up here- But are you saying you don't actually quote with the companies themselves? That you use a 'go-between'? mdagent
Non compete lawsuit
Posted: Mon Apr 15 -- Shadow, Not sure it you've seen an attorney or not yet, but you need to do so ASAP if your husband is planning on staying in the business.... sacman
Direct Mail VS Paid Leads
Posted: Sat Apr 13 -- 'd' is correct! Don't waste your money! NOTHING works, except REFERRALS! If you have COMPETITIVE companies, solicite your own clients for... ziiqui

Reader Comments

Climate Scientists Struggle to Explain Warming Slowdown
Posted: Tue Apr 16 -- Of course they're struggling to explain it. Their whole argument was BS from the beginning. Larry Bortolin
As Gun Sales Soar, Insurance Sales Follow Suit
Posted: Mon Apr 15 -- Folks, Ya'll need to shake yourself. Police are trained to shoot or not shoot at targets based on threat assessment. A woman carrying a baby... Roger Rabbit
UN Report Finds World Climate Change Goal at Risk as Emissions Surge
Posted: Mon Apr 15 -- I will most likely be regarded as a "sceptic" with my following commentary however, believe that I am actually a "realist", so here we go.... Jeff Smith
University Of Idaho Student Sues After Fraternity Fall
Posted: Thu Apr 11 -- I'm not sure how the laws are there, but in the state of MO, you lose the ability to sue if you are a minor under the influence of alcohol.... uct
Feds Give Sandy Victims Up to 1 Year Break on Mortgage Payments
Posted: Mon Apr 15 -- Silly me, I thought they were cutting out all the red tape from the government to make these people whole again. I wouldn't be surprised if... Agent

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April 8, 2013
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