Monday, November 25, 2013

Daily Headlines: Monday, November 25, 2013

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Insurance Journal Daily Headlines
November 25, 2013
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Google's Schmidt: Insurance About to 'Explode' With Uses for Big Data

Google Inc. Executive Chairman Eric Schmidt said new technologies that help companies analyze vast amounts of digital information have the ...

Seat Belts to Be Required on Tour, Intercity Buses Starting in 2016

New tour buses and buses that provide service between cities must be equipped with seat belts starting in late 2016 under a federal rule ...

Missteps in Employee Hiring Costly for Agencies: MarshBerry

For most lines of insurance business, commission income is growing and most insurance agents and brokers expect profits to be similar or ...

Progressive Insurance Chairman, Former CEO, Philanthropist Lewis Dies

Progressive Corp. Chairman Peter B. Lewis, the billionaire who turned a company founded by his father into one of the largest U.S. auto ...

From MyNewMarkets.com Insurers Weigh Forming Captive to Insure Customers of Bankrupt Futures Brokers

Eight private insurers have expressed interest in participating in a fund to provide insurance for losses suffered by customers of futures...
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East

FEMA Says No Deadline Extension for Filing Sandy Flood Insurance Suits

The Federal Emergency Management Agency (FEMA) said it cannot extend the deadline for Superstorm Sandy victims who may want to file ...

New Jersey Man Sentenced for Superstorm Sandy Scam

A central New Jersey man has been sentenced to five years in state prison after admitting he preyed on Superstorm Sandy victims by ...

Penn. Transportation Officials Prepare to Study Higher Speed Limits

Pennsylvania highway officials are preparing to spend up to six months reviewing Pennsylvania's interstate system as they decide which ...

MidAtlantic Farm Credit Hires Crop Insurance Specialist in Maryland

MidAtlantic Farm Credit, an agricultural lending cooperative, recently hired Rachel Melvin as a crop insurance specialist. Melvin will be ...

Connecticut to Forgo Obama's Plan for Canceled Health Insurance Policies

The state of Connecticut will not abide by President Barack Obama's request that states allow insurance companies to continue offering ...

Delaware Refinery Owners Win Insurance Lawsuit

A Delaware judge has ruled for owners of the Delaware City oil refinery in lawsuit over insurance coverage involving the deaths of two ...
Midwest

Illinois Roofing Company Fined $158K for Safety Hazards

Affordable Roofing and Exteriors Inc. in Trenton, Ill., has been cited by the U.S. Department of Labor's Occupational Safety and Health ...

Costs per Claim of Medical Care for Injured Workers in Indiana High, Rising

The costs per claim of medical care to treat injured workers in Indiana were higher than most states and growing rapidly, according to a ...

$15 Million Awarded in Illinois Childbirth Death Lawsuit

Jurors have awarded a $15 million settlement to the husband of a suburban Chicago high school teacher who died while giving birth. The ...
Insurance Journal
Insurance Journal's 2014 Events Calendar will be published in our January 13, 2014 magazine, so it's going to be a valuable resource for readers who are planning to attend industry events.
Submit your industry events for consideration!
Southeast

West Virginia High Court Upholds Monsanto $93M Settlement

The state Supreme Court has upheld a judge's approval of Monsanto Co.'s massive settlement with thousands of West Virginia residents. In a ...

North Carolina Arrrests Made in 3 Alleged Auto Insurance Scams

North Carolina Insurance Commissioner Wayne Goodwin announced the arrest of Raquel Pineda, 31, of Mount Olive. She was charged with one ...
South Central

Dallas Employers Face $97K in Penalties Following Forklift Deaths

The U.S. Department of Labor's Occupational Safety and Health Administration has cited Georg Fischer Central Plastics LLC and Nationwide ...

All-Star Insurance Opens New Office in Diana, Texas

Gilmer, Texas-based independent insurance agency, All-Star Insurance Group Inc., announced it has opened an office in Diana, Texas. ...

All Risks South Central Hires Hayes, Ojeda

The South Central operation of All Risks Ltd., based in Dallas, has added producers Jason Hayes and Priscilla Ojeda. As the newest broker, ...
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West

California Commissioner Favors Lower WC Premium Than Board

California Insurance Commissioner Dave Jones adopted an advisory average pure premium rate of 2.70 dollars per 100 dollars of employer ...

New Mexcio County, Navajo Nation Added To Declaration

One New Mexico county and the Navajo Nation have been added to a federal disaster declaration that stemmed from severe storms and flooding ...

Watchdog Sues For Sandia Nuke Safety Records In New Mexico

A watchdog group has filed a lawsuit seeking the release of nuclear safety records for Sandia National Laboratories. The suit filed Friday ...

New Map Predicts Tsunami Effects On Alaska City

The state has released a tsunami inundation map for Sitka, Alaska showing the estimated high-water mark in the event of a tsunami. But ...
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International

Iran Nuclear Deal Easing Up on Shipping Insurance Could Help Oil Sales

Iran's nuclear deal with the West is not intended to let more of its oil into the market, the White House said, but an easing of the ban on ...

China Pushes Child Safety Seats to Cut Road Deaths

China lost almost three times as many children in car accidents as the U.S. last year, even though it has fewer than half the number of ...
New digital book reviewing ISO's major changes to its key commercial lines coverages - from Academy of Insurance


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Markets in Motion - Sports & Entertainment Venue

The 650,000 square foot Honda Event Center in Anaheim, Calif. holds thousands of people at any...
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A World With or Without TRIA

Since the creation of the federal terrorism reinsurance program in 2002 until now the market...

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New Discussions in the Forums

Technology Question - Submission Management
Posted: Sat Nov 23 -- I am looking for the right application submission system for our agency. We are a wholesaler with an exclusive product. - Dashboard for us... InsureTime
How to insure a client that use Uber or Lyft
Posted: Fri Nov 22 -- I have sent emails and facebooks messages to Uber and Lyft and they don't respond because THEY HAVE NOTHING! Lyft's website says: $1,000,000... yoyowordup
"Independent contractor" covered under "employer's" GL?
Posted: Fri Nov 22 -- I agree with the previous poster - if the HOA "hires" him as an "independent contractor" the HOA should be requiring GL coverage. i would go... gennydill
New Insurance Agency
Posted: Thu Nov 21 -- Since you are new, try these MGA's and get some business going first before getting direct appointments... Lani
SCUBA Dive Shop
Posted: Thu Nov 21 -- This group has a special program for dive shops... TheInsKid
is a physical exam necessary before taking life insurance?
Posted: Wed Nov 20 -- Without a paramed exam, most companies will only offer a small amount of coverage, and the rate, or cost per $1,000 of coverage, will be... lonestar
What is the significance of long term care planning today?
Posted: Tue Nov 19 -- It's one of the activities that one shouldn't put off these days. Why? Based on the most recent study, 70% of the adult population in the... racheljames

Reader Comments

State Proposals to Mandate Insurance for Gun Owners Falter
Posted: Tue Nov 19 -- Even if they buy insurance, did anyone ever hear of an exclusion for intentional acts? This is just an attempt at creating a barrier to... Mike
States, Insurers Working on Ways to Bypass Obamacare Federal Exchange
Posted: Thu Nov 21 -- FFA, If Obama and Biden had a Vaudeville Act, it would close within a week and the theater would go bankrupt. My favorite Bidenism is when... Agent
10 Ideas Chosen for Coastal Shields in New York, New Jersey
Posted: Tue Nov 19 -- How about a wall around the island made out of sponge? It could soak up the excess water, and slowly evaporate over time. Cheetoh Mulligan
NCAA Sues Video Game Maker Over College Athlete Settlement
Posted: Thu Nov 21 -- If there is money to be had, the answer is definitely yes!! If there is no money involved, no one cares. DESi
State Insurance Commissioners Lack Consensus on Cancellations
Posted: Fri Nov 22 -- Sarge, wow. A workable solution to the initial problem. Now, address the underlying cause of the rates being pushed through the roof...... FFA

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