Friday, December 20, 2013

Daily Headlines: Friday, December 20, 2013

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Insurance Journal Daily Headlines
December 20, 2013
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Target Credit Card Breach a Reminder U.S. Lags in Personal Data Security

The security breach of credit and debit card data at Target Corp. is evidence of the increasing threats retailers face and a reminder that ...

Obama Exempts Canceled Policyholders from Individual Mandate

Americans whose health plans are being canceled because their coverage doesn't meet Obamacare rules will be exempt from the mandate that ...

New Food Safety Rules Delayed to Weigh Farmers' Concerns: FDA

Food safety rules the U.S. planned to implement this year are being delayed by months because the requirements were too complex for some ...

Best Affirms CNA Financial and Subs' Ratings; Outlook Stable

A.M. Best Co. has affirmed the financial strength rating (FSR) of 'A' (Excellent) and issuer credit ratings (ICR) of "a" of the ...

Liberty Mutual Enhances Inland Marine Coverage, Partners with NER

Liberty Mutual Insurance has partnered with the National Equipment Register (NER) to provide its inland marine contractors' equipment ...

From MyNewMarkets.com Not Just Hiring's, Headlines & Hoopla: Berkshire Hathaway Specialty Emerges from 2013 a Serious Player

2013 has been quite a year for Berkshire Hathaway Specialty Insurance (BHSI) - or half of a year, anyway. Since opening its doors for...
Carrier Management

Are You A Magnet For Talent?

There's a talent crisis looming. Your best assets walk out the door every night, and you need leaders to help steer and...
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East

Massachusetts Congressional Delegation Challenges FEMA's New Flood Maps

Members of the Massachusetts Congressional delegation, led by Congressman Bill Keating, recently sent an open letter to the Federal ...

Arthur J. Gallagher & Co. Acquires Longfellow Financial in Boston

Arthur J. Gallagher & Co. announced its acquisition of Boston-based Longfellow Financial LLC. Terms of the transaction were not disclosed. ...

R.I. Woman Charged With Workers' Comp Fraud, Ordered to Pay $10K

A 76-year-old Providence, Rhode Island, woman must pay $10,000 in restitution on a charge of obtaining money under false pretenses for ...

SterlingRisk Appoints Northeast Private Client Practice Leader in New York

SterlingRisk, a national insurance brokerage based in Woodbury, N.Y., announced that Ben Phillips has joined the firm as the Northeast ...

St. John's University to Relocate Manhattan Campus

St. John's University has leased 71,000 square feet of space for its Manhattan campus at 51 Astor Place, between Third and Fourth Avenues ...
Insurance Journal's Charity Issue - read now online or download for later
Midwest

Nearly 300 Storm Damage Reports in Lafayette, Indiana Area

Authorities in Indiana have compiled nearly 300 reports of damage from last month's tornado-packed storms in the Lafayette area as they ...

Former Michigan Court Employee Gets $250K Settlement in Harassment Case

A former Bay County Friend of the Court employee who filed a federal lawsuit in Michigan saying she was sexually harassed is getting a ...

Michigan's Accident Fund Holdings Promotes Key Executives

Lansing, Mich.-based workers' compensation insurer, Accident Fund Holdings Inc., has promoted several key executives, including: Frank ...
Southeast

Tennessee High Court Allows Parking Lot Claim Against Wal-Mart

The Tennessee Supreme Court has ruled that a woman injured in a Wal-Mart parking lot in Red Bank can proceed with her negligence lawsuit ...

United Property & Casualty Approved to Write in Georgia

The Georgia Department of Insurance has approved United Property & Casualty Insurance Co. (UPC) to write property/casualty insurance in the ...

Tennessee County Official Vows to Carry Out Own Workers' Comp Drug Test

An East Tennessee official who refuses to enforce a county drug-testing policy says he'll implement his own. Hawkins County Property ...

Alabama Wildlife Chief Seizes Woman's Pet Deer In Public Safety Move

A Dauphin Island woman wants to know the fate of her two pet deer after wildlife officials removed them and said they were a danger to the ...
South Central

Arthur J. Gallagher Acquires Houston's Barmore Insurance Agency

Arthur J. Gallagher & Co. has acquired Barmore Insurance Agency Inc. located in Houston, Texas. Terms of the transaction were not ...

Clingman to Join Workers' Comp Research Group in Oklahoma

The Workers Compensation Research Institute (WCRI) announced that Michael Clingman will be joining WCRI in January as a regional director. ...

Hearing: Which Court Should Hear Louisiana Coastal Lawsuit ?

A legal tug-of-war continues in a Louisiana state levee board's lawsuit against 97 oil, gas and pipeline companies over the erosion of ...
West

Wildfire in California's Big Sur 79 percent contained

Rain and higher humidity on Thursday helped firefighters battling a wildfire in California's Big Sur region that has destroyed an estimated ...

'Three Cups' Insurer Lawsuit In Montana Dismissed

A judge has dismissed a lawsuit by the charity co-founded by "Three Cups of Tea" author Greg Mortenson against an insurance company. U.S. ...

Former California Broker Charged With Identity Theft And Forgery

Former insurance agent Eugene Shy-Ren Hsu, 31, of West Covina, Calif., was arrested by Department of Insurance officers and charged with ...
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International

London Theaters Checked After 88 Hurt in Apollo Ceiling Collapse

Checks will be carried out on historic theaters in London's West End entertainment district today after 88 people were hurt when part of a ...

Swiss Re Adopts New Brand Strategy, Logo for 150th Anniversary

Swiss Re has unveiled a new brand strategy and a modernized logo marking the day of its official 150 year anniversary. The new brand ...

ABIR Applauds US-Bermuda Agreement to Share Tax Information

Bradley Kading, president and executive director of the Association of Bermuda Insurers and Reinsurers (ABIR), has praised an ...

Standard & Poor's Report Reviews Global Insurance Ratings

A report from S&P's rating services notes that "after revising its insurance criteria earlier this year", the rating agency "affirmed more ...

Catalina Completes Shareholder Restructuring; $200 Million New Equity

Catalina Holdings (Bermuda) Ltd, the long term consolidator in the non-life run-off sector, announced that, "following regulatory approvals ...

Ratings Recap: Sunderland Marine, TransRe London, Instituto Nacional (Costa Rica)

A.M. Best Europe - Rating Services Limited has placed under review with developing implications the financial strength rating of 'A-' ...
Insurance Journal Blogs

For a Season's Greeting, Drive This Car(d)

IJAM welcomes guest blogger Laura Packard, VP of Sales & Marketing at American Collectors Insurance. Just in time for the ...

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Insurance Journal TV

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Coastal Agents Alliance Stays Focused on Coastal Homes: Byrne

In 2004, Tim Byrne and his brother were growing their Cape May, N.J. agency just fine. Then...
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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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New Discussions in the Forums

Travelers reducing commissions
Posted: Fri Dec 20 -- Embelleshment can just be done towards caps, promotional clothing basically well on the grounds that sport laptop bags. Buy the span and... RichardOr
Broker fees
Posted: Thu Dec 19 -- Thanks for the heads up mate! I had the correction sent in to our developer... ABMCalifornia
Affordable Care Act: A Brief Explanation
Posted: Thu Dec 19 -- Nothing in that initial statement will LOWER ANY COSTS???? Wakeup and realize the fraud that has been perpetrated upon the American public.... mhutch69
Question on estimating a business value
Posted: Thu Dec 19 -- I have brokered many agency acquisitions and sales and always paid more than my costs. Hoping there is an Excel spreadsheet with 200... mhutch69
Looking for used CPCU books
Posted: Wed Dec 18 -- Hi there, I am looking to start the designation with CPCU 500 as soon as possible. Does anyone know where I can purchase used books? meghankleavy1088
Christmas Bonus?
Posted: Tue Dec 17 -- I completely agree with D on this one. We are "very" generous with our Christmas bonuses, perhaps too much with some.... Smalltownagent
Lakefront Motels
Posted: Sun Dec 15 -- If you still need help feel free to get in touch, I have a few markets that love this type of risk. ABMCalifornia

Reader Comments

Probation Sentence in Texas Teen's Fatal DWI Wreck Stirs Ire
Posted: Fri Dec 13 -- It starts out very innocently. Conservatives make the case that the top 1% of Americans are job creators and that reducing their taxes will... naksuthin
South Carolina Jury Awards $890K to Man Wrongly Accused by Condo Board
Posted: Mon Dec 16 -- Good for Mr. King. These condo association board members think they are the big guy in the sky, judge and jury. Not all, but most are... Serves them well
Obamacare November Enrollment Tops 250,000; Sebelius Seeks Probe of Botched Launch
Posted: Sat Dec 14 -- Well Insurance 102 I don't care what to like kind gender do to eat other as long as they don't flaunt their orientation in my face or try to... Sargeant Major
North Carolina Man Sues Hookup Website for Marriage Breakup
Posted: Tue Dec 17 -- Hey, Bub. There's a reason she was looking for something different, and she would have found it elsewhere if it hadn't been through some... reality bites
AmTrust Financial Refutes Negative Report, Says Future Has 'Never Been Brighter'
Posted: Tue Dec 17 -- This is the same story the Tower Group floated and we all know where they went... Where there is smoke there is fire CPCU Man

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December 16, 2013
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