Wednesday, November 27, 2013

Daily Headlines: Wednesday, November 27, 2013

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Insurance Journal Daily Headlines
November 27, 2013
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Weak 2013 Hurricane Season Coming to a Close

The 2013 Atlantic season has delivered the fewest hurricanes since 1982, U.S. forecasters said, despite their predictions in May that it ...

10 Former Players Sue National Hockey League Over Concussions

The National Hockey League was sued by former players accusing it of concealing the risk of severe brain injuries three months after the ...

Obamacare Proposal Boosts Payments to Insurers for Sicker Policyholders

The U.S. government is proposing compensation to help insurers participating in Obamacare health exchanges who fear that their costs will ...

How to Talk About Insurance During the Holiday Season

Holiday get-togethers with friends and family are full of opportunities to discuss what you do for a living. Unfortunately for those of us ...

Banks Facing $100B More in Costs to Settle Mortgage-Related Cases: S&P

The largest U.S. banks may need to pay out up to an additional $105 billion to settle legacy mortgage-related issues, but have a capital ...

Gorman Named Interim CEO at Cooper Gay Re Following Carlier's Quick Exit

Cooper Gay Swett & Crawford (CGSC) has named Peter Gorman as interim chief executive officer of its North American subsidiary Cooper Gay Re ...

Aon/Benfield Appoints Smith As President of U.S. Business

Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, has appointed Kelly Smith as president of its U.S. ...

From MyNewMarkets.com Workers' Compensation Results Improved in 2012

The workers' compensation industry's results improved in 2012. Premiums grew for the second straight year, the combined ratio improved,...
Carrier Management

Employees Stressed But Not For Reasons Employers Think: Research

Employers know that their employees are stressed at work, and rank stress as the number one workforce risk issue,...
Construction Defect 2-part series - New webinar from Academy of Insurance
East

Mass. Regulator Offers Update on Industry Developments, Boston Bombing Claims

Massachusetts Insurance Commissioner Joseph Murphy recently spoke about the state of the insurance industry in Massachusetts, with topics ...

Connecticut Health Department Offers Holiday Food Safety Tips

The Connecticut Department of Public Health is reminding people to be careful preparing food for the holidays so they don't get sick. ...

N.J. Legislative Proposal Could Ban Snacking, Smoking Behind the Wheel

Drivers in New Jersey could possibly be pulled over for snacking, smoking or putting on make-up behind the wheel under a bill that has been ...

New York Insurance Association Elects Officers, Board Directors

The New York Insurance Association (NYIA) recently elected its 2014 officers and board of directors at the association's annual meeting. ...
Midwest

Ohio Agent Sentenced to 2 Years' Probation for $7,700 Theft, Insurance Fraud

Ohio Lieutenant Governor and Insurance Director Mary Taylor announced that former life insurance agent Russell Lowery, of Olmsted Falls, ...

Jury Awards $39M in Fatal Wisconsin Garage Panel Fall

A jury has found manufacturer Advance Cast Stone mainly responsible for the collapse of a Milwaukee, Wis., parking garage panel that killed ...

Insurance Chief Asks FEMA to Waive Flood Coverage Rule for U Iowa

Iowa's top insurance regulator is backing the University of Iowa in a dispute with the federal government over how much insurance the ...
Southeast

Roads More Dangerous Around Christmas Than Thanksgiving or New Year's: Alabama Research

The days just before Christmas, as people rush to buy presents and travel to holiday destinations, can be more dangerous on roadways than ...

Tennessee Driving Records Now Available Online

State officials are giving Tennessee residents an online option to access driving records. The Department of Safety and Homeland Security ...

Florida Physicians Group Reports Patient Data Breach

A physicians group with offices throughout Southwest Florida has notified 4,400 patients that their protected health information may have ...
South Central

Safe Harbor Benefits Navigates to Higginbotham

Independent insurance broker Safe Harbor Benefits, located in Arlington, Texas, has merged with Fort Worth-based Higginbotham, the ...

All Risks Launches Down Hole Tool for South Central Onshire Oil, Gas Industry

The South Central offices of All Risks, Ltd. have designed a "down hole specialty rental tool" insurance product for Lost In Hole (LIH).  ...

Oklahoma Supreme Court Sets Arguments in Workers' Comp Law Case

The Oklahoma Supreme Court has scheduled oral arguments in a lawsuit that challenges the constitutionality of Oklahoma's new workers' ...
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West

Judge Orders Sriracha Plant to Partially Shut Down

A judge ruled Tuesday that the factory that manufactures of the trendy and very delicious Sriracha hot sauce must partially shut down ...

Black Southern California Firefighter Awarded $1.1M In Bias Suit

Six years after losing in his first trial, a black Los Angeles firefighter was awarded $1.1 million Monday by a jury that found he suffered ...
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International

Generali CEO Greco Targets Cost Reductions to Boost Capital

Assicurazioni Generali SpA, Europe's third-largest insurer, plans to cut an extra 150 million euros ($204 million) of costs by 2015 and ...

European Central Bank Reports Rise in Financial Stability Risk

The European Central Bank said the risk to financial stability from global market turbulence has increased in the past six months, even as ...

Sun Life Signs Car, Home Insurance Referrals Deal with Belairdirect

Sun Life Assurance Co. of Canada and Intact Financial Corp. announced a referral arrangement to provide Sun Life's customers in Canada with ...

Zurich North America Names Barrett Senior VP on Trade Credit Insurance Team

Zurich in North America has announced the appointment of Anthony Barrett as senior vice president and head of Short Term Multi-Buyer Trade ...

Ironshore Canada Launches PL Coverage for Private Equity Risks

IronPro, the professional and management liability unit of Ironshore Canada Ltd., has introduced a professional liability policy for ...
Construction Defect 2-part series - New webinar from Academy of Insurance

Insurance Journal Blogs

Burand's Agency E&O Blog: Tip #51

State Guaranty Funds. Many agency owners, producers, and CSRs believe state guaranty funds provide blank insolvency protection for any ...

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New Discussions in the Forums

Illinois Midwest Work Comp- tool mfg 3099
Posted: Tue Nov 26 -- HI does anyone know where I can BOR a work comp policy for Illinois Midwest for a CA policy? The class code is 3099 tool mfg NOC and... pcbroker
Lakefront Motels
Posted: Tue Nov 26 -- CALIFORNIA- I am still looking for a couple of carriers I can submit non franchise lakefront motels to? I have good relationships with... dgarzoli
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

Reader Comments

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
Progressive Insurance Chairman, Former CEO, Philanthropist Lewis Dies
Posted: Mon Nov 25 -- Lewis was a contraversial figure who supported left wing causes. I'd like to correct a little revisionism in this article. Progressive grew... Paul
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
College Player May Be Blocked from Collecting on $20,000 Half-Court Shot
Posted: Tue Nov 26 -- This won the contest, no question. Give him the money for his education. For crying out loud, he wasn't playing in a game with... jet
Supreme Court Agrees to Hear Religious Exemption to Birth Control Benefit
Posted: Tue Nov 26 -- Since when does any level of Govt give a crap about the average Joes? FFA

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