Thursday, August 22, 2013

Daily Headlines: Thursday, August 22, 2013

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Insurance Journal Daily Headlines
August 22, 2013
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Drivers Over Age 55 Far More Likely to Die in Job Accidents Than Younger

Employees age 55 or older who drive as part of their jobs are more likely to be killed in accidents than younger colleagues because of ...

Employer Health Premiums Slow for Second Year: Kaiser

Health-insurance premiums to cover working Americans rose 4 percent this year, less than the previous two years in another sign that the ...

Retired Players Sue NFL Over Use of Images in Films

The National Football League was sued by 10 retired players, including Curley Culp and John Riggins, who claim the NFL unfairly violates ...

College Athletes' Claims Over Video Game Images Delayed

Electronic Arts Inc. won a court ruling that puts on hold claims accusing the company of profiting from using likenesses of college ...

Assured Guaranty, JPMorgan Settle Mortgage Litigation

Assured Guaranty Ltd. and JPMorgan Chase & Co. agreed to settle lawsuits filed by the bond insurer accusing the bank's EMC Mortgage and ...

White Mountains Offers $308 Million for IDB Stake in Clal

White Mountains Insurance Group Ltd. offered to pay 1.1 billion shekels ($308 million) for IDB Development Corp.'s 55 percent interest in ...

ACE Expands Coverage for Educators, Students Traveling Abroad

The ACE Group has expanded its International Advantage insurance product to offer enhanced coverages for higher education clients whose ...

CVS Shuts Access to Opioid Painkillers for Suspect Doctors

CVS Caremark Corp said on Wednesday that it has taken the unusual step of cutting off access to powerful painkillers for more than 36 ...

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

Family-Run Companies Deliver Better Returns

Investors seeking less volatile returns from their stock portfolios are turning their attention to family-owned firms...
Great American Insurance Group, Demotech and Vertafore. Want News on the Go? Insurance Journal now available on the iPhone, Android and Kindle Fire - Download it free today! Click here for more information.
East

Gov. Christie, HUD Head Update Sandy Rebuilding in New Jersey

Recovery from Superstorm Sandy is proceeding at a steady pace with the help of billions in federal aid, shifting attention to measures that ...

New Jersey Town Trims Hours Because of Health Care Law

A New Jersey town has cut hours for some part-time employees to avoid providing health insurance under the federal Affordable Care Act. ...

Former Virginia Agency Owner Pleads Guilty to Insurance Fraud

A former Virginia insurance agent, who also owned her own insurance agency in Cumberland County, Va., will spend the next five years on ...

Worldwide Facilities Appoints Casualty Broker in New York

Worldwide Facilities, a Los Angeles-based independent surplus lines broker and managing general agency, appointed Kitti Peters as vice ...

FM Global Advises Property Owners to Be Proactive, Address Vulnerabilities

Business property insurer FM Global is urging property owners to take active measures now to help prevent potential storm losses as the ...
Webinar #2: Key ISO 2013 Commercial General Liability Changes - from Academy of Insurance
Midwest

SECURA Insurance President/CEO to Retire, Successors Named

SECURA Insurance, based in Appleton, Wis., announced that President and CEO John Bykowski will retire from the company effective July 1, ...

United Fire Dividend Slated for Land Improvement Contractors Assoc. Members

United Fire & Casualty Company (United Fire), based in Cedar Rapids, Iowa, announced a total policyholder dividend equal to $615,856 to ...

Insurance Processing Center Bringing 600 New Jobs to Missouri

President Barack Obama's health care reform is unpopular in parts of Missouri, but it is bringing 600 new jobs to the state. The St. Louis ...

4 Companies Seek to Cover Uninsured Nebraskans

Four companies have declared their intentions to sell health insurance to Nebraskans who can't get coverage from their employers. The ...
Southeast

South Carolina Court Upholds Exclusions Blocking Contractor Suit Against Subcontractor

South Carolina's high court has found that a general contractor cannot sue a subcontractor for faulty workmanship in instances where the ...

West Virginia Report Says Fracking No Threat to Air Quality

A state study says no new rules are needed to protect West Virginia's air quality from natural gas drilling. State lawmakers were presented ...
South Central

MSW Restructures as Specialty Insurance Intermediary

MarketScout Corp., an insurance distribution and underwriting company headquartered in Dallas, announced it has acquired 100 percent of the ...

Bunch Named to University of Houston-Downtown Advisory Council

The University of Houston-Downtown (UHD) has appointed Richard "Gordy" Bunch, president and CEO of The Woodlands Financial Group, to its ...

USG Expands Workers' Comp Division in Little Rock, Arkansas

USG Insurance Services Inc., a national wholesaler and MGA, announced the expansion of Allied American Underwriters (AAU) operations with ...
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West

Los Angeles Councilman Proposes Quake Building Inventory

A Los Angeles councilman is urging the city to find and list the potentially thousands of buildings that could collapse in an earthquake. ...

Washington Fines 4 Insurance Companies For Overcharging

Insurance Commissioner Mike Kreidler is fining four insurance companies for overcharging consumers in Washington state. Kreidler's office ...

Wildfires Across The West Push Spending Past $1B

More than 40 uncontained, active and large wildfires dot the western U.S. from Arizona to Washington state and Alaska, taxing national ...

Judges: PG&E Improperly Declared 2 Pipelines Safe in California

Two judges are threatening to fine Pacific Gas and Electric Co. for improperly declaring two natural-gas pipelines in Northern California ...

Advanced Insurance Underwriters, CODA to Offer GL, WC Coverage to Contractors

Advanced Insurance Underwriters, a nationwide provider of commercial insurance, and CODA, the California Operator & Door Association, have ...

SCM Taps Fein as Vice President in Southern California

SullivanCurtisMonroe named Dan Fein vice president in its Los Angeles office. Fein comes to from Whorton Insurance Services. Before that ...
International

U.K. Banks to Pay $2 Billion for Card-Insurance Compensation

Britain's biggest banks will pay as much as £1.3 billion ($2 billion) to compensate customers wrongly sold insurance to cover credit-card ...

UK's Ascent Launches General Liability Coverage for SME's

UK-based Ascent Underwriting, a Managing General Agent (MGA) specializing in emerging risks, has launched a general liability coverage ...

IAG Profit More Than Triples as Natural Disaster Claims Fall

Insurance Australia Group Ltd., the nation's biggest car and home insurer, reported full-year net income more than triple a year earlier as ...

Liberty Mutual Appoints Campos as President of Liberty Insurance Singapore

Liberty Mutual Insurance, the fifth largest global property and casualty insurer, has announced the appointment of Luiz Francisco Campos as ...

Xchanging Names Ahern as Fiduciary Lead for Brokerage Service Operation

UK-based Xchanging, the business process, procurement and technology services provider, has appointed Kevin Ahern as Fiduciary Lead for its ...
Sponsored Content

Atlas General Insurance Services Named One of the Top 10 Best Places to Work in San Diego by the San Diego Business Journal

San Diego, CA, 8/22/13 - Atlas General Insurance Services has been recognized as one of the Best Places to Work in San Diego by the San ...
Insurance Journal Blogs

When It Comes to Flood Risks, Population Shifts Trump Climate Change

Draft versions of a forthcoming working group report from the United Nations Intergovernmental Panel on Climate Change -- set to be ...

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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

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 -- [quote="trotter":1zfetgl5]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
Canadian Auto ID Cards
Posted: Wed Aug 7 -- Our lead insurance company supplies them to us. gforaker

Reader Comments

Flooded Colorado Businesses Struggle Without Insurance
Posted: Fri Aug 16 -- Of course lets give them government grants. We're loaded. If you can't afford to run a business, then I guess you shouldn't own a business.... Baxtor
Salvation Army to Be Named in Philadelphia Building Collapse Lawsuits
Posted: Fri Aug 16 -- That's disgusting. I hope it gets thrown out. Libby
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!
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
Illinois Governor Signs Gun Law on Background Checks, Thefts
Posted: Tue Aug 20 -- 1. "Freedom" is not a loophole. Always find it interesting that something that renders us free is described as a "loophole." 2. So, someone... wayne

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