Monday, August 26, 2013

Daily Headlines: Monday, August 26, 2013

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Insurance Journal Daily Headlines
August 26, 2013
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

OSHA Proposes Silica Dust Limits

Federal regulators are proposing a long-awaited rule that would dramatically limit workplace exposure to silica dust. Officials at the ...

Judge Dismisses Harassment Claim Against Chef Paula Deen

A federal judge on Friday dismissed the final component of a racial discrimination and sexual harassment case against celebrity chef Paula ...

Meadowbrook Receives Waiver for Covenants, Will Pay Dividend

Meadowbrook Insurance Group Inc., the insurer that had its rating cut this month by A.M. Best, said it received a waiver from lenders after ...

NAIC Accepting Consumer Liaison Applications

The National Association of Insurance Commissioners (NAIC) is currently accepting applications for the 2014 Consumer Liaison Program. The ...

Liberty Mutual Commercial Unit Names Martin to Head National Property

Liberty Mutual Insurance's Commercial Insurance strategic business unit has appointed Mike Martin as executive vice president and general ...

Do Big Malpractice Awards Really Increase Medical Costs?

A jury in one of New York's most conservative counties recently returned a $130 million verdict in a medical-malpractice case, the ...

Travelers to Exit NFIP's Write-Your-Own Program

The Travelers Companies said it plans to discontinue its participation as a Write-Your-Own (WYO) company in the National Flood Insurance ...

From MyNewMarkets.com Tight Public Entity Budgets Face Rising Rates, Data Security Costs

Public entities nationwide are seeing a slight improvement in their budgets as the housing market and economy start to pick up, but rising...
Carrier Management

Hurricane Would Entice--Not Spook--ILS Investors, Says Aon Benfield Exec

Although some reinsurance industry executives believe a major loss would cause catastrophe bond investors to flee from...
Join us Wednesday: Agency Planning for 2014 - from Academy of Insurance
East

Boston Area Gets $17.5M in Federal Safety Grants

The Boston area is getting more than $17.5 million in public safety grants from the Department of Homeland Security. The funding was ...

Delaware Town Faces Flood Insurance Suspension

Federal Emergency Management Agency says more than 100 Bowers Beach property owners may have to pay more for flood insurance and could lose ...
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Midwest

Insurer Denies Claims by North Dakota Potato Baron

The group that insures an Idaho potato company said in court documents filed on Aug. 23 it should not have to pay the legal bills of a ...

Specialty Underwriters & Risk Evaluators Acquires WSIB Insurance Agency

Specialty Underwriters & Risk Evaluators LLC has acquired Jackson, Mich.-based WSIB Insurance Agency from the Capacity Group of Companies, ...

Crop Insurance Available to Michigan Tart Cherry Growers

Some tart cherry growers in Michigan now can buy federal crop insurance as protection against losses. U.S. Sen. Debbie Stabenow made the ...

Ohioans See Bump in 2012 Average Insurance Rates

Ohioans saw increases in their homeowners and auto insurance rates last year, though they're still getting a bargain. Ohio's Department of ...
Southeast

Florida Schools Open with More Armed Security

In the Fort Lauderdale suburb of Pembroke Pines, students returning to school this year are being greeted not only by their teachers and ...

Mississippi Medical Students Get Free ID Theft Insurance

The University of Mississippi Medical Center said it will give students free insurance against identity theft after an accidental privacy ...
South Central

Threlkeld & Co. Insurance Announces Employee Promotions

Threlkeld & Company Insurance (TCI), based in Tyler, Texas, announced four key employee promotions. Diane Smith, formerly commercial lines ...

Report: Unsafe Welding Led to Fatal Gulf Accident

A report for a Texas-based company says a deadly 2012 explosion on its Gulf of Mexico oil platform off the Louisiana coast happened when ...

Work-Related Deaths Up in 2012 in Texas

Texas had more than 500 work-related fatalities in 2012, an increase of more than 20 percent from the previous year. According to ...
West

Yosemite Fire Draws State of Emergency Call in California

The fire in California's Yosemite National Park is threatening an increased number of structures and it A state of emergency declaration ...

Park Service Backs Off Recreation Insurance Hikes in Colorado

The National Park Service is reconsidering increased insurance requirements for whitewater boating outfitters in Dinosaur National Monument ...

Wyoming Workplace Deaths Reached 5-Year High In 2012

Workplace fatalities in Wyoming reached the highest number in five years in 2012, slightly surpassing the number of deaths the state has ...

Johannsen Joins Sullivan Brokers in California

Sullivan Brokers Wholesale Insurance Solutions named Clancy Marie Johannsen to the firm's professional and management liability practice ...

USGS: 3 Small Washington Quakes No Cause For Concern

Geologists said three small earthquakes recorded in an area northwest of Mount St. Helens on Friday were part of a mini-swarm of quakes not ...
International

China's PICC Group's Profit Rises as Premiums, Investment Income Climb

People's Insurance Company (Group) of China Ltd., parent of the nation's biggest non-life insurer, said profit rose 53 percent in the first ...

G20 Leaders Expected to Back Easy Rules on Shadow Banking

World leaders are expected to take a softly-softly approach to regulating the so-called shadow banking sector when they meet in Russia next ...

Lance Armstrong, UK Newspaper Settle Libel Claim

British newspaper The Sunday Times has reached a settlement with Lance Armstrong after suing the disgraced cyclist to recover damages from ...

July Hailstorms in Germany May Cost $2 Billion

Hailstorms that struck Germany at the end of July may have caused as much as $2 billion in damage, catastrophe modeler AIR Worldwide said ...
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Insurance Journal Blogs

A Millennial Without a Smartphone

For almost 3 weeks, I was without an iPhone. And I survived! My iPhone had such an excellent time vacationing in Mexico that it decided to ...

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Insurance Journal TV

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Opportunity in ACA Reprieve

Shawn P. Pynes, a principal with Barney & Barney LLC in San Diego, sees the temporary reprieve...
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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,...

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New Discussions in the Forums

Need assistance for job advice please
Posted: Thu Aug 22 -- Hello everyone. I'll be brief and to the point. I have been trying to obtain employment as a claims adjuster after... ABMCalifornia
Insurance agencies for sale ?
Posted: Wed Aug 21 -- I'm currently looking to buy an insurance agency, I don't mind dealing with sales... CoJones
Feedback - Good, Bad, Ugly on the following Aggregators/GAs
Posted: Tue Aug 20 -- I looked extensively into many of these a few years ago. They all have their place and are right for the right agent. My advice is to look... ILguyonown
What is your biggest pain as an agent?
Posted: Mon Aug 19 -- Think about getting a stand up desk. Just google "stand up desk". There are many options. jtownagent
CPCU - Advice
Posted: Tue Aug 13 -- Those programs to complete both your CPCU and a bachelor's are exactly what a lot of us in this field need. To this point: Joel, your story... BWilliams2
Need comp in ca code 5474 painting
Posted: Mon Aug 12 -- 100000 in payroll. 'insured was with Ullico and they went insolvent so insured has had a lapse since 6/30/ 2013.... ABMCalifornia
Hotels in Ca
Posted: Sun Aug 11 -- I need coverage for a hotel BOP in Crestline Ca 92325. Farmers getting off risk due to location. Thanks... ABMCalifornia
Met Life Retirement Insurance
Posted: Sun Aug 11 -- Thanks for taking the time to voice your experience. I've heard plenty of horror stories from clients myself. ABMCalifornia
Why I believe in insurance agents
Posted: Sat Aug 10 -- Is a cartoon gecko or a comedian in a white dress and bright red lipstick really the best our industry can do... ABMCalifornia

Reader Comments

U.S. Asks Court to Block Bernanke Testimony in Greenberg's AIG Lawsuit
Posted: Wed Aug 21 -- What makes a government official so precious that they cannot stand on trial? Aren't they servants of the American People? And if he cannot... Baxtor
Idaho Man Sues Experian, Says Credit Report Wrong
Posted: Mon Aug 19 -- It's doubtful that Experian or those who use their data really care how are lives are impacted by their attitude. Most of the underwriters... Huh!
More Justice Department Cases Over Financial Crisis On the Way: AG Holder
Posted: Wed Aug 21 -- A few days ago this was posted, "Bernanke cannot be forced to sit for a deposition because high-ranking U.S. government officials are... Baxtor
Obamacare Health Exchange Buyers Can Expect $2,700 in Tax Credits: Report
Posted: Mon Aug 19 -- Agent said- " others have no idea what a business owner goes through to run a business since they don't have to make payroll or pay the... Sargeant Major
Republicans Question Privacy Protections with Health Insurance Navigators
Posted: Wed Aug 21 -- Go ahead and post your Social Security number Libby Libtard! mole hill huh?? Sarah

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