Daily Headlines: Tuesday, July 16, 2013

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July 16, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National How Casualty Actuaries Help Insurers Manage Nanotech, Other Emerging Risks Casualty actuaries can help insurers meet the demand for new products by identifying, analyzing and pricing new risks, according to two ... BP Gulf Oil Victims Challenge Economic Damages Claim Settlements BP Plc's $8.2 billion settlement of most private economic-damage claims from the 2010 Gulf of Mexico oil spill is unfair and should be ... Obama Administration Under Fire for Delay on Chemical Plant Safety The Obama administration's lack of action to impose recommended changes to make refineries, chemical factories and sugar plants safer is ... Allstate Says Book Value to Rise on Cut in Employees' Retirement Benefits Allstate Corp., the largest publicly traded U.S. home and auto insurer, said it's cutting some retirement benefits for employees in a move ... Surge in Brain Trauma Among Young Athletes Spurs Call for Action A surge in sports-related brain injuries among the youth is pushing U.S. health officials to call for public policy changes after similar ... Georgia's Ink Underwriting Acquires California's Pioneer Programs Newly-formed Ink Underwriting in Kennesaw, Georgia, said it has acquired Pioneer Programs Insurance Solutions, a Pasadena, California-based ... Marsh & McLennan Names Gardner Chief Diversity, Inclusion Officer Global insurance, risk and management consulting firm Marsh & McLennan Companies Inc. in New York has named Nicole Gardner as chief ... W.R. Berkley Appoints Levine VP, Chief Marketing Officer W. R. Berkley Corp. has appointed  Jonathan M. Levine to the office of vice president and chief marketing officer. Levine has 20 years of ... MarketScout: Commercial, Personal Lines Rates Rise; New Insurers Eye HNW Space Increases for commercial property/casualty insurance rates in the United States were again about 5 percent during June, the fourth straight... Employee Personality Motivates Job Behavior, Not Carrots & Sticks: Univ. Study Carrots and sticks have long been the favored tool for business managers looking to motivate their workers, whether it's... More National News East New York Judge to Rule If WTC Developer Can Seek Damages From Airlines A federal judge is days away from deciding if New York developer Larry Silverstein can recover as much as $3.5 billion from airlines for ... N.Y. Regulator Approves NYCIRB's Revised Workers' Comp Loss Cost Filing The New York Department of Financial Services on Monday approved a revised loss cost filing from the New York Compensation Insurance Rating ... Navigators Names President of Specialty Excess Casualty Unit in N.Y. The Navigators Group Inc. announced that its principal underwriting agency subsidiary, Navigators Management Company, named Timothy D. Ryan ... More East News Midwest Main Street America to Drop Some Spring Valley Policies in Minnesota Main Street America announced it will stop writing new Spring Valley Mutual Co. personal lines and farm business in Minnesota as of Aug. ... MJ Insurance Adds Four Employees in Indianapolis Indianapolis, Ind.-based property/casualty insurance and employee benefits agency, MJ Insurance, has added four employees in its ... South Dakota Court Denies Workers' Comp Coverage for Slain Woman's Estate The South Dakota Supreme Court says a Sioux Falls company does not have to pay workers' compensation insurance benefits to the estate of an ... More Midwest News Southeast North Carolina Residual Market Issues $500 Million in Cat Bonds; Rate Hikes Go Into Effect North Carolina's two residual homeowners insurance markets have jointly issued $500 million in pre-event catastrophe bonds to ensure they ... Report Looks at Mississippi Meat Plants' Food Safety More than two dozen Mississippi slaughterhouses and poultry meat processing plants have violated sanitation or food safety guidelines over ... North Carolina Blue Cross Defends Data Sharing Blue Cross and Blue Shield of North Carolina shares private information of hundreds of thousands of its clients to an outside company that ... More Southeast News South Central Former Oklahoma Insurance Agent Sentenced for Wire Fraud A former Bixby, Okla., insurance agent has been sentenced to ten months home confinement after pleading guilty to wire fraud that allowed ... Alliant Insurance Services Promotes Hagemeier to Executive VP Specialty insurance brokerage firm, Alliant Insurance Services, the nation's has promoted senior vice president Todd Hagemeier has been ... Official Claims Louisiana Sinkhole Depth Exceeds Estimates An official says the deepest part of the 22-acre sinkhole near Bayou Corne, La., is at least 500 feet deep, and not between 110 to 220 feet ... More South Central News West University of Washington to Pay $15M After Medical Mistake The University of Washington will pay $15.2 million in a medical malpractice judgment after a mistake caused a debilitating brain damage to ... Nevada County Pays $75,000 To Settle Police Case Washoe County in Nevada has paid $75,000 to settle a civil case involving a college student who claimed a sheriff's deputy "manhandled" her ... Hub Names Viesha Senior Vice President in Northern California Hub International Insurance Services named Viesha Treadwell  senior vice president of their San Francisco Commercial Division. Treadwell ... Insurer Group: Colorado's Black Forest Fire $292.8 Million The most destructive wildfire in Colorado history caused $292.8 million in insured losses, according to a preliminary report issued on ... More West News International Survivors of Quebec Train Crash to File Class Action Lawsuit Two residents of the Quebec town of Lac-Megantic, where a runaway train derailed and exploded into a wall of fire that killed 50 people, ... Battery in Honeywell Locator May Have Caused 787 Fire: Source Investigators are looking into whether a fire on a Boeing Dreamliner in London last week was caused by the battery of an emergency locator ... Report Says Seas May Rise over 7+ feet Per Degree Celsius of Global Warming Sea levels could rise by 2.3 meters [app. 7.66 feet] for each degree Celsius [1.8°F] that global temperatures increase and they will ... Ratings Roundup: Al Fajer, Tunis Re, Eastern Re A.M. Best Europe - Rating Services Limited has revised the outlook to stable from negative and affirmed the financial strength rating of ... More International News Sponsored Content Astonish Hosts Sales & Marketing Training for Insurance Professionals in Los Angeles on July 18, 2013 Warwick, RI April 2013 - Astonish, a leading technology, digital marketing, and training provider for insurance agencies, encourages local ... More Sponsored Content Join the Insurance Journal Network Insurance Journal TV 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 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... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Life Insurance Companies for Independent Agents? Posted: Mon Jul 15 -- I am 100% with you guys, as "d's insurance store "said otherwise I will be living a dream. Nothing could be more realistic than that, that's... manny79 Agency Management System Posted: Fri Jul 12 -- Couldnt agree more on this "married to vendor" statement. We recently spent about 400K on upgrade to Vertafore. Obviosly did a great deal... exclaimsguy The Age Old Question-How much to split Posted: Fri Jul 12 -- I didnt see an indication of what type of area you are located in. Metro, rural, etc? Also, is this all persoanl lines or is there a... exclaimsguy 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 Applied Underwriters / Equity Comp Posted: Thu Jul 11 -- Does anyone have experience they could share (good or bad) with Applied's Equity Comp product? This would be the standalone WC product for... SFINS National Agents Alliance? Legit or Keep Away? Posted: Wed Jul 10 -- This sounds like a MLM. Did not read every post, but when people who are in the company responds to the question "Is this an MLM?" by saying... ishootfriendlies Insurance Noodle vs. Superior Access vs. Agent Secure Posted: Wed Jul 10 -- I have done research looking for a network/cluster for my agency. We are 4 years old, located in New York City with over $20mm in premium.... mschwartz Opt Out Info for Marketing Email Solicitations Posted: Mon Jul 8 -- If you are a Florida licensed agent, CSR or appraiser and you are sick to death of getting hundreds of email solicitations from every... Lcan250 Go to Forums Reader Comments Pennsylvania Law Banning Gay Marriage Faces Court Challenge Posted: Thu Jul 11 -- If the 'sanctity' of your marriage is threatened by someone else's marriage – whether gay or straight – you really need to re-evaluate... BS House May Split Food Stamps from Rest of Farm Bill Posted: Wed Jul 10 -- Say it with me Republicans - 'NON-STARTER'! Quit pandering and get something done already. And to Huh! - I think you mean Big Ag and... Captain Planet Republicans Press for Delay in Obamacare Individual Mandate Posted: Thu Jul 11 -- Ill conceived is putting it mildly TAR. This is the mother of all laws of unintended consequences. Every day brings a new revelation and it... Agent In Past Decade, World Experienced Unprecedented Climate Extremes: WMO Posted: Wed Jul 10 -- For all those colleagues who are not brainwashed by the nonsense being forced upon us all, you may be interested in some "Facts and... Jeff Smith Lawsuits Could Follow Zimmerman Acquittal Posted: Mon Jul 15 -- Zimmerman should sue NBC for editing out of the 911 tape the part where he said Trayvon is black only after the 911 operator asked. 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