Tuesday, December 10, 2013

Daily Headlines: Tuesday, December 10, 2013

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Insurance Journal Daily Headlines
December 10, 2013
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Frustrated Insurance Brokers Say They Can Help Obamacare If Allowed

When insurance agent Kelly Fristoe recently spent 30 minutes helping a client pick a mid-level health plan and the federal marketplace ...

Commercial Lines Price Gains Slowing Down: Towers Watson

Even though commercial insurance prices increased for the 11th straight quarter--rising by 5 percent in aggregate during third-quarter ...

Former Marsh CEO Duperreault in Group Buying SAC Capital Reinsurance Unit

Steven A. Cohen, the billionaire founder of SAC Capital Advisors LP, agreed to sell a reinsurer he formed in 2012 after the hedge fund firm ...

Rescheduled Asiana Crash Hearing to Probe Pilot Reliance on Automation

A U.S. safety regulator's hearing on the July 6 crash of an Asiana Airlines Inc. plane in San Francisco was postponed today due to the ...

Title Insurer Fidelity National Weighs Selling Assets

Fidelity National Financial Inc., the title insurer that also has restaurant businesses and an auto parts company, hired JPMorgan Chase & ...

From MyNewMarkets.com Dietary Supplement Makers: A New Measure of Risk

It's nearly impossible to pass a grocery or convenience store counter without coming face-to-face with some type of dietary supplement....
Carrier Management

Program Segment an Opportunity for Carriers with the Expertise and Focus

With a faster rate of growth than the overall property/casualty insurance market, the commercial program business...
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East

Former Rutgers Basketball Player Sues University Claiming Abuse

Former Rutgers University basketball forward Derrick Randall claimed in a lawsuit he was physically and psychologically abused by former ...

Mass. AG Coakley Urges Greater Transparency for Auto Insurance Surcharges

In an effort to implement greater protections and transparency for drivers who face auto insurance surcharges, Massachusetts Attorney ...

N.H. Expands Highway Safety Patrol With Help From State Farm

The state of New Hampshire is expanding its highway safety patrol, which helps stranded motorists. The patrol is now operating in Nashua, ...

First Niagara Risk Management in New York Announces 2 Promotions

First Niagara Risk Management Inc., a Buffalo, N.Y.-based insurance brokerage, promoted Kim McGillicuddy to senior vice president. ...
Five bestselling insurance ebooks from Academy of Insurance
Midwest

ACE USA Appoints Springer as Kansas City Branch Manager

ACE USA, the U.S.-based retail insurance operations of ACE Group, has appointed Kimberly Springer as branch manager of its Kansas City ...

Indiana Steelworkers Await High Court Ruling on Pay for Donning Protective Gear

A group of Indiana steelworkers is awaiting a U.S. Supreme Court decision on when the clock starts on their shifts at U.S. Steel Gary ...

Cell Phone Ban in Wisconsin Construction Zones Sought

Drivers would be barred from talking on their cell phones while in a construction zone under a bill being circulated in the Wisconsin state ...
Construction Defect 2-part series - New webinar from Academy of Insurance
Southeast

New Storm Shelters Opening in Mississippi County Today

George County, Miss., will officially open two new storm shelters Tuesday in Agricola and Benndale. The county began the construction of ...

Kentucky's Health Care Call Center Adds Sunday Hours

A health care call center is expanding its hours to sign up Kentuckians for health insurance through the Affordable Care Act. The Lexington ...

Swett & Crawford Announces 2 Appointments in Florida

Swett & Crawford, part of Cooper Gay Swett & Crawford (CGSC), a global wholesale and reinsurance broking group, announced two new ...
South Central

Mackey Named President of IIAT Services Co.

IIAT Services Co., a subsidiary of the Independent Insurance Agents of Texas (IIAT), has hired Jerry Mackey as its president. IIAT Services ...

Insurance Program Provider Energi Opens New Office in Irving, Texas

Energi, a provider of risk management and insurance programs for the energy industry, has opened a new satellite office in Irving, Texas. ...

Study: State Employees in Oklahoma Have Low Pay, Good Benefits

A new study on employee compensation shows state workers in Oklahoma earn less than their counterparts in other states or the private ...

South Texas Jury Awards $281 Million in Lawsuit

The family of a man killed by a part breaking off a truck doing Eagle Ford Shale oilfield work has won a $281 million lawsuit judgment from ...
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West

USI Completes Acquisition of Van Gilder in Colorado

USI Insurance Services officially closed its previously announced acquisition of Van Gilder Insurance Corp. Terms of the deal were not ...

Nearly 100K Utahns Could Be Hit by Data Breach

State officials say a data breach could affect as many as 97,000 Utahns who receive benefits through the state Department of Workforce ...
International

TPP Trade Pact Misses Deadline as More Talks Planned for January

Ministers negotiating the 12-nation Trans-Pacific Partnership trade pact said today they would miss a year-end deadline to complete the ...

Study Forecasts Growth for Professional Indemnity Insurance in Europe

New research by market research consultancy London-based Finaccord forecasts that the market for professional indemnity insurance across ...

SAC Capital's Reinsurer to Be Sold to Investor Group Headed by Duperreault

Steven A. Cohen, the billionaire founder of SAC Capital Advisors LP, agreed to sell a reinsurer he formed in 2012 after the hedge fund firm ...

Ironshore Canada Names Hambrook, Stewart to Management Posts

Ironshore Canada Ltd., Ironshore's Canadian MGA business based in Toronto, announced that Dane Hambrook has been appointed Managing ...

Miller Appoints Angelini-Hurll for Non-Marine Treaty Reinsurance

UK specialist and Lloyd's broker Miller Insurance Services LLP announced the appointment of Kieran Angelini-Hurll to "help drive the ...

Willis UK Hires Bishop to Expand International Employee Benefits Practice

Willis Group Holdings announced that it has appointed Michelle Bishop as client development manager for international private medical ...
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New Discussions in the Forums

allstate office in upstate ny
Posted: Mon Dec 9 -- The Allstate environment at the present time is rather bizarre with success or failure heavily dependent on your rates in the immediate... d's insurance store
Question on estimating a business value
Posted: Mon Dec 9 -- There is no universal, quick business value evaluation tool. The 'worth' of a business has far too many factors such as business history,... d's insurance store
Trucking for hire with Losses
Posted: Fri Dec 6 -- FYI_Progressive has a 500 mile radius restriction. No long haul. Miguelito
Need WC for Gen Contractor in CA w/ lapse
Posted: Thu Dec 5 -- Hi, Does anyone know of a WC Market for a CA- General Contractor with a lapse. Here are the deets: Currently lapsed since September Xmod:... EricCBIAIns
Affordable Care Act: A Brief Explanation
Posted: Thu Dec 5 -- Yes, there are a number of inaccuracies in here. And how exactly does the removal of lifetime limits lower costs? mrs dean wormer
Help Finding Car Insurance Average Coverage Stats?
Posted: Wed Dec 4 -- Have you tried the Insurance Information Institute (iii.org)? Or the NAIC also sells industry information. mrs dean wormer
NY Workers Comp For Concrete/Excavation Contractor
Posted: Mon Dec 2 -- I'm looking for a market other then NYSIF to place this account. Payroll is over 100k and owner will give out payroll processing if he can... Nyr085

Reader Comments

California Woman Ticketed For Driving With Google Glasses
Posted: Thu Dec 5 -- Here's the one time I hope there's tracking available on the hardware/software so they can definitively say if an application was or wasn't... Rosenblatt
Obamacare's Small Business Exchange Site Delayed 1 Year
Posted: Tue Dec 3 -- I don't take people disagreeing with me personally and don't know how you came to that conclusion. Hell I disagree with a majority of the... LiveFree
Lawsuits Challenging Obamacare Cite Religion, Tax Issues
Posted: Thu Dec 5 -- FFA, The attorney's in today's society are operating in the most litegious society in the history of the world. Plaintiff's, defendants,... Agent
Iowa Insurer Pokes Fun at Federal Website in Ads
Posted: Mon Dec 9 -- "They've said more about the Affordable Care Act in one advertisement than in seven years of health care reform," Hatch said.... FFA
Buffalo Officials Ask Shop Owners to Get Liability Insurance for Holiday Lights
Posted: Wed Dec 4 -- "Take out liability insurance of at least $1 million"? If the business owners have CGL coverage, that's all they need. This is incidental to... Harry Landers

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December 2, 2013
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Program Directory, Volume II; Quarterly Employee Benefits Brokerage Report

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