Wednesday, June 26, 2013

Daily Headlines: Wednesday, June 26, 2013

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Insurance Journal Daily Headlines
June 26, 2013
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Today's Headlines

National

Colleges Could Face Lawsuits Following Supreme Court Affirmative Action Ruling

The U.S. Supreme Court's decision on affirmative action may force universities to re-examine their admissions policies and face waves of ...

Video FeatureSmall Commercial Buyers Moving Online: Who Are They? What Do They Want?

According to a recent study by consultant Deloitte, more than half of small businesses (52 percent) are now ready and willing to buy their ...

BP Using Advertising to Fight BP Oil Spill Claims Formula

Britain's BP has stepped up its campaign for a revision of the way compensation for its 2010 Gulf of Mexico oil spill is calculated by ...

Trade Panel Action Could Thwart 'Patent Trolls'

A U.S. trade panel that deals with patent infringement cases took a step on Monday that could rein in companies, often known as patent ...

Car Thefts Up for First Time in Years

U.S. auto thefts probably rose in 2012 after eight straight years of declines as criminals took advantage of California's budget cuts and ...

Berkshire Hathaway Specialty Appoints Tortorella as Chief Legal Officer

Berkshire Hathaway Specialty Insurance -- the new commercial P/C insurance unit of Berkshire Hathaway -- appointed Ralph Tortorella III as ...

From MyNewMarkets.com EPIC, Dowling Capital Form Protector Holdings to Capture Hispanic Market

As the Hispanic and Latino populations continue to grow, so should the insurance company options available to them. That is the thinking of...
Carrier Management

Flaw of Averages: Why Carriers Overpay & Underpay Contents Claims

In his book, The Flaw of Averages, author Sam Savage explores how the widely used statistical concept of "averages" can...
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East

Connecticut Enacts Bill to Establish Disaster Claims Mediation Program

Connecticut Gov. Dannel Malloy last week signed a bill that would mandate the insurance department to set up a mediation program for claims ...

Safeco Begins Selling Personal Lines Insurance Products in Massachusetts

Safeco Insurance, a Liberty Mutual Insurance company, announced this week it began selling its personal lines insurance products in ...

In R.I., Debate Continues Over 38 Studios Bonds as Insurers Await

This week, Rhode Island lawmakers are negotiating the final details of the state's $8.2 billion budget. One controversial part of the ...

Port Authority Police Officer Accused of Insurance Fraud in New York

A Port Authority police officer has been charged with insurance fraud for claiming he was disabled while moonlighting in a rock band. ...
Impact of ISO's CGL and AI changes - Join Academy of Insurance WEDNESDAY for this 1-hour webinar - click here to save your spot
Midwest

Kansas Insurance Commissioner Out of Step with Today's GOP

Sandy Praeger was always the team player and never the black sheep. As mayor of Lawrence, state representative, state senator and now ...

Cincinnati, Ohio Looks to Capitalize on Alcohol Tourism

Kentucky has its bourbon distilleries, St. Louis its Budweiser factory, Napa and Sonoma their wineries, and cities from San Diego to ...

Ohio Man Ordered to Pay Nearly $29K for Workers' Comp Fraud

An Ohio man was sentenced for working while receiving disability payments from the Ohio Bureau of Workers' Compensation (BWC) for a prior ...
Southeast

Kentucky to Study Laws Meant to Curb Prescription Drug Abuse

Kentucky officials will start a yearlong study next month to determine the effects of controversial new laws designed to curb prescription ...

Georgia Estimates Insured Storm Loss at $50M

Georgia Insurance Commissioner Ralph Hudgens said violent weather that struck Georgia on June 13 caused an estimated $50 million in insured ...
South Central

Social Media Is Here to Stay, Texas P/C Professionals Say

The value of social media as a tool for marketing and selling property/casualty insurance may be a matter of debate but one thing is for ...

Investigators to Examine Heat Exchanger at Louisiana Blast Site

State and federal officials investigating the cause of the deadly blast on June 13 at the Williams Companies Inc. plant near Gonzales, La., ...
West

Oregon Sued Over Foster Abuse In Salem Home

Lawyers for 11 young children who reportedly suffered sexual abuse at a Salem, Ore., foster home have filed nearly $23 million in lawsuits ...

Montana FWP Ordered To Pay $20K Over Retaliation

A hearings officer for the Montana Human Rights Bureau has ordered the state Department of Fish, Wildlife and Parks to pay $20,000 to a ...

EPLI in Southern California Playing 'Hard' to Get

Employment practices in California is a known and growing concern for insurers, agents and employers, and that concern has some carriers ...

State Fund Selects New Chief Medical Officer

State Compensation Insurance Fund named Dr. Dinesh Govindarao as its new chief medical officer. The move is effective July 8. As chief ...
Sponsored by: City of Hope. NIIC Golf Challenge. Monday, July 15, 2013. Annandale Golf Club. Pasadena, CA. Proceeds benefit City of Hope. Click here for more information.
International

Swiss Re sigma study Finds Global Insurance Premium Growth at 2.4%

Swiss Re's latest sigma study reveals that "total global premiums written increased by 2.4 percent in real terms in 2012 to $4.613 ...

Aon Benfield's Analysis of the Lloyd's Market

Aon Benfield Analytics' Market Analysis team has released its latest Lloyd's Update report, covering the market's 2012 financial results ...

Commentary: Breathing New Life into Climate Policy

Shale has killed climate policy. Now the International Energy Agency (IEA) is trying to bring it back to life. Following the shale ...

Ratings Roundup: AEGIS, SOGAZ, African Re, Delvag

A.M. Best Co. has affirmed the financial strength rating of 'A-' (Excellent) and issuer credit rating of "a-" of Bermuda-based Associated ...
Impact of ISO's CGL and AI changes - Join Academy of Insurance WEDNESDAY for this 1-hour webinar - click here to save your spot
Insurance Journal Blogs

Insurance Agencies CAN Take Advantage of Image-based Social Media!

This post is part of a series on insurance marketing and training sponsored by Astonish. We've been hearing it for a long time now - ...

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Insurance Journal TV

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Geneva Association's Secretary General John Fitzpatrick on Systemic Risks, Nat Cats, ILS and Cyber Risks

The Geneva Association's studies and reports are now an important part of the dialogue between...
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The Good and the Bad: Healthcare Reform and Medical Liability

The Patient's Protection and Affordable Care Act (ACA) has very little to do with the medical...

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New Discussions in the Forums

New independent agency
Posted: Tue Jun 25 -- E&O was the hardest thing for me to do as a start up (besides appointments). It can cost a new agency like $2000+ I say start looking there. shiftins
Question regarding my universal life insurance policy !
Posted: Mon Jun 24 -- Do you still need life insurance? How old are you? How much life insurance do you need? For how long? Are you healthy? Would Term Life... yoyowordup
How to obtain release of liablity
Posted: Fri Jun 21 -- what type of liability you are talking about? auto, home insurance? Remove her from your policy since you divorced and let her to get her... pecosins
brokers with access to trucking insurance?
Posted: Thu Jun 20 -- I have markets that can write the gl and comp. Can write a 3yr. guaranteed policy on the work comp CYNTHIA CPRO
Workers Comp (Ca) Auto Repair with large loss
Posted: Thu Jun 20 -- Dear Paul, I have markets that would possibly quote your insured. The minimum premium with all our markets is 15,000. If you are interested... CYNTHIA CPRO
Texas Commercial Auto
Posted: Thu Jun 20 -- Looking for a home for hard to place commercial auto. Client is a Realtor and wants to purchase a boxvan and put their logo on the unit with... JohnnyLaw
Ohio Looking for a market, 8 Trucks pulling RVs
Posted: Wed Jun 19 -- You may wish to try Nationwide or Victoria Insurance; both write standard & non-standard commercial transportation. insurancepro2
Garagekeepers Coverage - Florida Account
Posted: Mon Jun 17 -- Let's imagine one of the car owners hires a lawyer and takes the auto garage to court. A judge declares the garage responsible (legally... darnovak
Course of Construction for non licensed contractor
Posted: Mon Jun 17 -- You can easily find GL for an owner/builder with Markel/Essex. Understand we are only interested if he is building his own home. Meytai,... LadyBroker

Reader Comments

White House Threatens Veto of Farm Bill Over Food Stamp Cuts
Posted: Thu Jun 20 -- Agent, What, is the Constitution scripture or something? People DO have a right to health care. It is NOT a privilege. The only ones who... Tim
Suit Filed Over Southern California Border Patrol Chase Death
Posted: Fri Jun 21 -- Really, the moron was driving the wrong way and wouldn't stop. Also, who would think a taser could start a fire in a car? jw
Appeal Planned On Arizona Immigrant License Policy
Posted: Fri Jun 21 -- Don't you love how they say they are immigrants. They are not. They are people that broke into our country. No different than someone... Baxtor
IRS Scandals Threaten Funding for Health Care Law
Posted: Thu Jun 20 -- You bet, Agent. And I don't know if it's her thing or not, but she can find some great deep dish pizza there, too. My favorite is Gino's... Captain Planet
Supreme Court Limits Workplace Harassment, Retaliation Claims
Posted: Wed Jun 26 -- Biker: I humbly disagree with you on the latter part of your post. There is indeed a shortage of women in these roles considering the number... Libby

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June 17, 2013
Current Issue
Umbrellas - Personal & Commercial; Construction; Environmental; Bonus: The Texas Issue (Special Supplement); Bonus: The Florida Issue (Special Supplement); Quarterly Employee Benefits Brokerage Report

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