Daily Headlines: Friday, July 26, 2013

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July 26, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Senate Bill Gives Federal Reserve Flexibility on Systemically Important Insurers A bipartisan group of U.S. senators is introducing legislation that would give the Federal Reserve more flexibility in regulating ... How Health Law Could Affect Medical Professional Liability The U.S. medical professional liability (MPL) market has been profitable in recent years but challenges await MPL insurers because an ... New Safety Recommendations for School Buses Weighed Federal accident investigators are considering new safety recommendations for school buses, large trucks and commercial drivers based on ... Halliburton Pleads Guilty to Destroying Gulf Oil Spill Evidence Halliburton Co. has agreed to plead guilty to destroying evidence related to the 2010 Gulf of Mexico oil spill, the U.S. Department of ... Chubb Q2 Profit Jumps 43% to $579M; Renewal Rates Up in All Business Units The Chubb Corp. reported its 2013 second quarter net income of $579 million, a 43.3 percent increase from $404 million net income posted a ... Ironshore Names Practice Leaders for Energy, Construction, Personal Lines Ironshore Inc. has created a new management team to serve as industry practice leaders. These leaders will be for business lines that the ... AAIS Adds Three New Staff Positions The American Association of Insurance Services (AAIS) has added three new positions to its staff. Scott Sheldon, an auto insurance product ... RenaissanceRe Forms Specialty Reinsurance Agency for U.S. Market RenaissanceRe Holdings Ltd. has formed RenaissanceRe Underwriting Managers U.S. LLC, a specialty reinsurance agency based in Connecticut, ... House Crop Insurance Bill on Hold Again Over Food Stamp Cuts The Republican-controlled U.S. House will try to cut billions of dollars from the food stamp program before negotiating an overall farm ... ProHost USA Launches Data Breach Endorsement for Restaurants ProHost USA, a Minneapolis-based program administrator, has added a new data breach coverage endorsement to its package programs for fine ... LIU, CloudInsure Tackle Cloud Computing Coverage Gaps A new insurance partnership between Liberty International Underwriters and CyberRiskPartners' CloudInsure will provide insurance backing... RMS North American Hurricane Model Coming Soon; Lower Risk Indications Expected When RMS releases an update for the catastrophe modeling firm's North American Hurricane model later this month, lower... More National News East New York Regulators Query 20 Reinsurers About Iran Ties New York's financial regulators have asked 20 more reinsurance companies for information about business with Iran in violation of U.S. ... Donegal Group Posts $2.6M Q2 Profit Donegal Group Inc. of Marietta, Penn., today reported net income of $2.6 million for the second quarter of 2013, compared to $2.0 million ... New York Company Pays $50,000 for Post-Sandy Gasoline Gouging New York state Attorney General Eric Schneiderman says a Hudson Valley-based gasoline wholesaler has agreed to pay $50,000 in penalties for ... More East News Midwest Study: 'Alarming' Rise in Children Injured by Falling TVs Falling televisions sent nearly 200,000 U.S. children to the emergency room over 20 years, and the injury rate has climbed substantially ... Judge Blocks Lawsuits Challenging Detroit Bankruptcy A federal judge has agreed with Detroit, Mich., and stopped any lawsuits challenging the city's bankruptcy, declaring his courtroom the ... Missouri Files Insurance Navigator Rule to Comply with New Licensing Law The Missouri Department of Insurance announced it has filed an emergency rule to comply with provisions of Senate Bill 262, which was ... More Midwest News Southeast Florida Seeks Federal Disaster Aid Following Panhandle Floods Florida Gov. Rick Scott is asking that the federal government declare a disaster due to floods that caused extensive damage in the ... More Southeast News South Central Burdine Joins Swett & Crawford as Broker in Dallas Wholesale insurance broker Swett & Crawford has added Zach Burdine as a broker in its casualty and property practice groups in Dallas, ... Louisiana Parish not Responsible for Property Lost in Hurricane Fire Jefferson Parish in Louisiana cannot be made to pay for belongings lost in a rented house that burned down at the height of Hurricane ... Tulsa Insurer Files Defamation Lawsuit Against Former Lawmaker A Tulsa, Okla., insurance company has filed a defamation lawsuit against former board member and state Rep. Wayne Pettigrew. In the ... More South Central News West Hawaii Cyber Range Launches Anti-Hacking Training The state of Hawaii has launched a center to train people to defend computer systems from attack. The so-called "cyber range" is a ... Estate of Drowned Washington Teen Files Oregon Lawsuit The estate of a drowned Vancouver, Wash., teen has sued the organizers of a summer camp in Oregon, saying they endangered the boy. The ... Oregon To Spend $20 Million Promoting Health Law Two local folk singers, strumming guitars and crooning about the virtues of Oregon, have become the first tool in a $20 million campaign to ... OSHA Investigates After Lightning Hits 9 Colorado Farm Workers Federal authorities are investigating safety procedures at a northern Colorado farm after nine workers were struck by lightning. Two of the ... More West News International UPDATE: Driver under Investigation after Spain Train Crash Kills 80 The driver of a Spanish train that derailed, killing at least 80 people, was under police guard in hospital on Thursday after the dramatic ... XL and Stone Point Form New Bermuda Company for ILS Market Products XL Group and private equity firm Stone Point Capital LLC have announced the formation of a new Bermuda-based company to act as an ... Buffett's Berkshire Reinsures Irish State Health Claims as Population Ages Warren Buffett's Berkshire Hathaway Inc. will reinsure about €700 million ($930 million) in claims for Ireland's state health insurer, ... Best Affirms Catlin Group and Subs Ratings; Outlook Stable A.M. Best Europe - Rating Services Limited has affirmed the financial strength rating (FSR) of 'A' (Excellent) and issuer credit ratings ... Best Affirms Everest Re Group and Affiliates Ratings; Outlook Stable A.M. Best Co. has affirmed the financial strength rating (FSR) of 'A+' (Superior) and issuer credit ratings (ICR) of "aa-" of Bermuda-based ... More International News Join the Insurance Journal Network Insurance Journal TV From 3D Printing to Driverless Cars: Emerging Risks on the Horizon New technology is happening all the time, and with that comes new risks, says Graeme Newman,... Watch Now Oklahoma Opens Up to Captive Insurers Oklahoma this year will join the ranks of other states that aim to attract and keep captive... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Hotels in Ca Posted: Fri Jul 26 -- I suggest checking out Zurich's Hotels and Motels Program on ZProgramsMatch: ... gkroll comp in ca for unarmed security firm Posted: Thu Jul 25 -- New in business payroll projected at $300000. Needing coverage asap as always. Peo will work also. I think Zurich has possible min. premium... trotter Need comp in ca code 5474 painting Posted: Thu Jul 25 -- 100000 in payroll. 'insured was with Ullico and they went insolvent so insured has had a lapse since 6/30/ 2013. Insured had been with... trotter Insuring Fabric Structures Posted: Tue Jul 23 -- Why not call the company marketing/sales department and talk with them about... jtownagent The Age Old Question-How much to split Posted: Tue Jul 23 -- I'll tell you what. I will let you come into my agency and take it over. Just give me 70% of the commissions and you can run it and have the... gforaker Which form to write D&O coverage on- opinion needed Posted: Tue Jul 23 -- If you had a privately held company (family owned) that owned and operated several nursing homes in a 5 states would you write the D&O on a... ALS Agency Management System Posted: Mon Jul 22 -- We just went live on Applied's Epic management system last Jan. We had been using Vertafore 360 for the last 5 yrs but we had to adjust to... FLCracker Need assistance for job advice please Posted: Mon Jul 22 -- You need first, to get real about the job market in its totality and secondly, in the claims area job prospects in particular. This is no... d's insurance store Met Life Retirement Insurance Posted: Fri Jul 19 -- My experience with Met Life Retirement: After denying a request for a small withdrawal, they contacted my job so they can investigate why I... migueloy1 Go to Forums Reader Comments Florida Woman Sues Airline Over Rough Landing Posted: Thu Jul 25 -- So many other things could have gone wrong and didn't. I suspect her injuries occurred the same time she realized she could contact an... Huh! Companies Must Disclose CEO-to-Worker Pay Ratios Under SEC Proposal Posted: Mon Jul 22 -- "Across the Standard & Poor's 500 Index of companies, the average multiple of CEO compensation to that of rank-and-file workers is 204, up... Libby Insurers, Republicans Part Ways Over Global Warming Posted: Mon Jul 22 -- Agent: The fossil fuels emissions numbers are about 100 times bigger than even the maximum estimated volcanic CO2 fluxes. Counter claims... Libby Administration Says Obamacare to Lower Insurance Premiums More Than Forecast Posted: Mon Jul 22 -- Fact check?? You took this from Wikianswers? Known not to be a reliable source of information. Many other articles point to a shortage.... TxLady Investors See Travelers' Cuts in Auto as Sign Rate Hikes Have Peaked Posted: Wed Jul 24 -- I know in Oregon they will not write a stand alone home policy anymore either. They only want auto or package business, and they are just... 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