Monday, July 1, 2013

Daily Headlines: Monday, July 1, 2013

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Insurance Journal Daily Headlines
July 1, 2013
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Today's Headlines

National

States Brace for Web Barrage When Obamacare Goes Live Oct. 1

About 550,000 people in Oregon do not have health insurance, and Aaron Karjala is confident the state's new online insurance exchange will ...

Progressive to License Usage-Based Pricing Tool to USAA

Progressive Corp., the fourth-largest U.S. auto insurer, agreed to license its usage-based pricing technology to United Services Automobile ...

CoreLogic to Buy Marshall & Swift/Boeckh, DataQuick for $661 Million

CoreLogic Inc. agreed to buy three real estate data companies from TPG Capital's Decision Insight Information Group for $661 million to ...

Court Dismisses Class Action Status in Google Digital Books Case for Now

A federal appeals court on Monday said a lawsuit against Google Inc.'s effort to create the world's largest digital books library should ...

Dixon, Feinberg to Head New RAND Catastrophe Research Center

The RAND Corp. is launching a new research center that will analyze different approaches to compensating individuals, businesses and others ...

Brown & Brown Completes Beecher Carlson Acquisition

Brown & Brown Inc. said it has completed the previously-announced acquisition of Beecher Carlson Holdings Inc. In May, Florida-based Brown ...

Holborn Buys Ownership Stake in Stonybrook Capital

New York-based reinsurance broker Holborn Corp. has acquired an ownership stake in Stonybrook Capital LLC, an investment banking advisor ...

GEICO Names Roberts President, Chief Operating Officer

Bill Roberts has been named president and chief operating officer of GEICO, the giant insurer said. Tony Nicely will continue to serve as ...

From MyNewMarkets.com 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...
Carrier Management

21 P/C Insolvencies In 2012: A.M. Best

Rating agency A.M. Best released its annual tally of U.S. property/casualty industry financial impairments yesterday,...
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East

N.Y. Regulator Examining Non-U.S. Reinsurers Over Potential Iran Links: WSJ

New York State's top financial and insurance regulator is examining international reinsurance companies after discovering evidence that at ...

Confie Seguros Acquires CW Baker, Lewiston Insurance Agencies in New York

Hispanic market-focused insurance agency network Confie Seguros announced the acquisition of CW Baker Insurance Agency and Lewiston ...

N.Y. Senator Gillibrand to FEMA: Review Flood Insurance Rules

U.S. Sen. Kirsten Gillibrand (D-N.Y.) has asked the Federal Emergency Management Agency to review rules that resulted in insurance coverage ...

Liberty Mutual Names VP of Federal Affairs in Washington, D.C.

Liberty Mutual Insurance recently announced S. Colin Dowling will lead the company's public affairs office in Washington, D.C., as vice ...
New digital book reviewing ISO's major changes to its key commercial lines coverages - from Academy of Insurance
Midwest

Founder of Kansas-based Brooke Corp. Pleads Guilty

The founder of failed Kansas-based insurance franchising business Brooke Corp. has pleaded guilty to providing misleading information in a ...

60 Patients of Indiana Nose Doc to Be Compensated

The final 60 patients who have pending medical malpractice claims against a former northwestern Indiana nose surgeon who disappeared while ...

Michigan Ban on Domestic Partner Benefits Blocked

A federal judge has blocked Michigan's ban on domestic partner benefits for employees who work for public schools or local governments, ...

Report Recommends Changes at South Dakota Division of Insurance

A department secretary's report on the South Dakota Division of Insurance is recommending increased oversight from supervisors and the ...
Southeast

Insurers Can't Require Examinations Under Oath in Pre-2012 PIP Claims: Florida Court

The Florida Supreme Court ruled that prior to a 2012 state law, auto insurer Geico didn't have the right to force a policyholder to answer ...

How Alabama County's $4.2B Bankruptcy Plan Affects Insurers, Other Debtholders

Jefferson County, Alabama, filed a plan to end the biggest U.S. municipal bankruptcy later this year by cutting $1.2 billion in principal ...

West Virginia Property Insurance Stable Despite 2012 Storm Payouts

West Virginia property owners in general didn't see a huge uptick in insurance premiums after making claims from last summer's massive ...

Florida Extends Fast-Track Policy Form Approval Until Year-End

Florida regulators, citing a backlog in property/casualty form filings and the need to train new staff, have extended a fast-track approval ...
South Central

New CEO Named for Louisiana's Insurer of Last Resort

The state's insurance commissioner has named a new chief executive to run Louisiana Citizens Property Insurance Corp., the state-run ...

Oklahoma Lawmakers Seek to Increase Looting Penalties

Reports of dozens of arrests of suspected looters in tornado-ravaged areas of central Oklahoma prompted several legislators to call for ...

Whitaker Elected Chair of Independent Insurance Agents of Texas

The Independent Insurance Agents of Texas (IIAT) elected Don Whitaker, president and owner of Whitaker Insurance Associates Inc. in San ...

Reports: ExxonMobile Arkansas Pipeline Had Past Minor Leaks

Federal agency accident records show that the ExxonMobil pipeline that spilled thousands of gallons of oil near Little Rock, Ark.., in ...
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West

Arizona Wildfire Takes Lives of 19 Elite Firefighters

An elite team of 19 firemen were killed on Sunday in one of deadliest U.S. firefighting disasters in decades as flames raced through dry ...

Study: 290,000 Idaho Jobs to Be Available By 2020

Nearly 290,000 jobs will become available in Idaho by 2020, a new study says. Georgetown University's Center for Education and the ...

Oregon Drought Makes Firefighters Nervous

Firefighters are nervous, and ranchers and farmers are hurting as Malheur County enters summer in drought. Gov. John Kitzhaber has issued ...

San Francisco Bay Area Car Rental Startup Faces Lawsuit

Out of a tiny, green shack on a parking lot in an industrial area south of San Francisco International Airport, three teenagers are trying ...

Monarch Names McLeod Vice President in Southern California

La Crescenta, Calif.-based Monarch E & S Insurance named Stefanie McLeod assistant vice president of personal lines heading up the personal ...
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International

China Expands System to Track Food Shipments

China is expanding a pilot system that tracks the movement of meat and vegetables to the supermarket shelf as part of efforts to tighten ...

Australian Insurance Broker Network Plans Nation's Biggest IPO Since 2010

Steadfast Group Ltd., Australia's largest network of insurance brokers, plans to raise as much as A$562.8 million ($515 million) in the ...
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Sponsored Content

Marni Wood Joins iUnlimited Investigative Services as a California Senior Claims Consultant

Sacramento, CA, 7/1/13 - iUnlimited announced today that Marni Wood joined the iUnlimited Investigative Services team serving the Northern ...
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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

non compete clause
Posted: Mon Jul 1 -- I would not solicit anyone that you had on the books for one year. If family and friends do not wish to be with him and ASK YOU to write... 92builder
Question regarding my universal life insurance policy !
Posted: Sun Jun 30 -- Great responses. It's clear we've all seen this before. The problem I've seen with UL policies is that the client goes for that low premium... 92builder
Agency Management System
Posted: Wed Jun 26 -- I am an agent doing primarily commercial auto and trucking. We are using a system called NowCerts.com We love it. Mainly because it costs us... RigQuote
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
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

Reader Comments

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
Obama Administration Issues Contraceptive Rule For Faith-Based Employers
Posted: Fri Jun 28 -- Separate payments from their insurance carrier? What is that supposed to mean? Is this so the employer can keep track of who is using... Libby
Hobby Lobby Wins Round in Fight Against Contraceptive Coverage
Posted: Fri Jun 28 -- Good grief! What's next? Sam Walton goes to church so Walmart is exempt? These two companies, Hobby Lobby and Mardel, are for-profit... Libby
Wal-Mart, Gap, Other U.S. Brands Ready $50M Bangladesh Safety Fund: WSJ
Posted: Thu Jun 27 -- Does Wal-mart and these other companies own these foreign factories? If so, they have an obligation to keep them safe. If they do not and... Baxtor
Oregon Sued Over Foster Abuse In Salem Home
Posted: Wed Jun 26 -- And if these attorneys were REALLY concerned about their clients, they'd take a base fee so most of the potential award actually goes to the... Scott

Current Issue

July 1, 2013
Current Issue
The Disaster Issue: Flood, Earthquake, Windstorm, Terrorism, Cyber Attack & More; Commercial Auto (Including Taxis, Limos & Fleets); Digital Product Guide; Bonus: The Florida Issue (Special Supplement)

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