Daily Headlines: Thursday, July 25, 2013

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July 25, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Safety Board Recommends 'Talking Vehicles' Technology in New Models The government should set performance standards for new safety technology that allows cars and trucks to talk to each other and then ... New Capital Pushing Cat Reinsurance Prices Down 5-15%: Ace's Greenberg Ace Ltd. Chief Executive Officer Evan Greenberg said the influx of Wall Street capital into the reinsurance industry is pressuring rates ... Cruise Lines Agree to Post Ship Crime Statistics Carnival Corp., Royal Caribbean Ltd. and Norwegian Cruise Line Holdings Ltd., the target of proposed legislation after high profile mishaps ... Prices Up Again in Q2 But Market Hardening May Be Moderating: The Council Commercial property/casualty pricing continued to gently creep upwards in the second quarter, however signs of some moderating of increases ... LIU, CloudInsure Tackle Cloud Computing Coverage Gaps A new insurance partnership between Liberty International Underwriters and CyberRiskPartners' CloudInsure will provide insurance backing... Executive Comp Disclosures: Are Mutual Insurers Next? Mutual insurance carriers have not been totally immune from pressures to clearly disclose details of their executive... More National News East FEMA Publishes Latest Data on Federal Assistance for N.J.'s Sandy Recovery The Federal Emergency Management Agency this week published its latest figures on federal assistance for New Jersey's post-Sandy recovery ... Little Advertising in Maine for Health Care Law Some states are gearing up to help get the word out about the new federal health care law, but Maine officials are taking a more hands-off ... Towers Watson Places $60M Cat Bond for New Jersey Manufacturers Insurance Towers Watson Capital Markets Inc., a subsidiary of global professional services company Towers Watson, announced it recently arranged a ... Zurich Among Insurers Said to Be Probed in Expanded N.Y. Inquiry Zurich Insurance Group AG is among companies being questioned by New York's insurance regulator in a widening probe into compliance with an ... More East News Midwest Michigan Brewery Sues Over Oil Spill Cleanup Dredging Plan A brewery in Michigan has sued over a plan for dredging sediments as part of the cleanup from the Kalamazoo River oil spill three years ... Opponents of Ohio Village's Traffic Cameras Sue A lawsuit alleging that traffic cameras used to trap speeders are unconstitutional has been filed against a southwest Ohio village just ... Casino Executives Named in Iowa Harassment Lawsuit A former employee at an Iowa casino is accusing its general manager of making inappropriate sexual comments to employees and patrons. Gail ... More Midwest News Southeast Florida Woman Sues Airline Over Rough Landing A Tampa-area woman has sued US Airways, saying she was injured after a rough landing at Tampa International Airport. Nancy Linker, who is ... Former North Carolina Lawmaker Sues Driver, Bar Over Crash A former North Carolina legislator who was seriously injured in a 2011 car crash is suing the estate of the man killed in the accident as ... Lightning Strike Knocks Out DUI Records in South Carolina Hearings in drunken driving cases are being postponed as the State Law Enforcement Division works to restore a computer server containing ... More Southeast News South Central Louisiana Agency Sues Big Oil Firms for Hurting Wetlands A Louisiana agency sued 97 oil companies - including BP Plc, Exxon Mobil Corp, Chevron Corp and Royal Dutch Shell Plc - in state court on ... 44 Rescued From Gulf Rig After Natural Gas Blowout off Louisiana Coast Natural gas spewed uncontrolled from a well of the Louisiana coast on July 23 after a blowout that forced the evacuation of 44 workers ... Louisiana Home Elevation Consultant Sentenced to 10 Years A consultant already serving federal and state prison sentences for bribing state officials in the home elevation grant program, pleaded ... More South Central News West True-Crime Writer Ann Rule Sues Washington Newspaper True-crime author Ann Rule is suing a weekly Seattle newspaper, saying she was defamed in 2011 when the fiance of a convicted killer wrote ... Oregon Man Charged With Arson in Stagecoach Fire Police have arrested a Central Oregon man accused of starting a wildfire that burned a Klamath County cabin and forced the temporary ... EPIC adds Principal Chuck Cushner in Northern California Edgewood Partners Insurance Center named Charles M. Cushner as a principal and property/casualty insurance producer. Cushners' ... More West News International At Least 77 Killed, 131 Injured, after Train Derails in Spain A train derailed outside the ancient northwestern Spanish city of Santiago de Compostela on Wednesday evening, killing at least 77 people ... 1st Half 2013 Natural Disasters Cost $85 Billion - Aon Benfield A mid-year natural disaster analysis from Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, puts ... Insurance Bill for Renewable Energy Seen Tripling to $2.8 Billion Insurance costs for the renewable energy industry may more than triple to $2.8 billion by 2020 as projects become more complex and risky, a ... PERILS Issues Maximum Flood Footprint Map for Central Europe PERILS AG, the independent Zurich-based company providing industry-wide catastrophe insurance data, has released its final Maximum Flood ... Ratings Roundup: Continental Re (Nigeria), SCR (Morocco) A.M. Best Europe - Rating Services Limited has affirmed the financial strength rating of 'B+' (Good) and issuer credit rating of "bbb-" of ... More International News Insurance Journal Blogs Burand's Agency E&O Blog: Tip #40 Claims Draft Checks. Not many agencies have claims draft authority any longer, which I consider a positive change relative to what it was ... More Blogs 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 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 Life Insurance Companies for Independent Agents? Posted: Tue Jul 16 -- Thanks, I think that I am more towards "Brokers Alliance" .They offer decent street level commissions and (apparently) great service, a... manny79 Removing a Named Insured Posted: Fri Jul 12 -- If a partnership, both individuals can be interpreted as first named insured since the two individuals comprise the partnership (assuming... NYagent301 Medical malpractice for all states Posted: Fri Jul 12 -- I can help you with this. How shall I contact you? MedMal Man Go to Forums Reader Comments Administration Says Obamacare to Lower Insurance Premiums More Than Forecast Posted: Thu Jul 18 -- Perhaps the President could give Jimmy Hoffa, Jr. a call and reassure him on the union plans. I think good old Jimmy saw the handwriting on... Agent 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 Travelers' Q2 Profit Climbs 85% to $925M; Auto Unit Layoffs Planned Posted: Wed Jul 24 -- Travelers is a horrible company to work for. They treat their employees like work horses and aren't afraid to c**p all over them at every... Cat Iowa Court: Lawyer May Be Sued for Emotional Pain Posted: Wed Jul 24 -- "Angela Campbell, Miranda and Campoverde's attorney, said the U.S. immigration system failed the family." Really? I say it failed the... InsGuy 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... 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