Tuesday, December 17, 2013

Daily Headlines: Tuesday, December 17, 2013

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Insurance Journal Daily Headlines
December 17, 2013
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

AmTrust Financial Refutes Negative Report, Says Future Has 'Never Been Brighter'

AmTrust Financial Services Inc. (AFSI), a New York-headquartered insurer whose stock price fell last week in wake of a negative report from ...

Hartford May Sell Rest of Corporate-Owned Life Business: Report

Hartford Financial Services Group Inc., the insurer which rebuffed an activist's calls to split into two companies last year, is ...

Ex-BP Engineer Destroyed Gulf Spill Evidence, Jury Told

A former BP Plc engineer deliberately destroyed evidence sought by the U.S. for a probe of the 2010 Gulf of Mexico well explosion and oil ...

Democrats Question Government Contracts to Firms with Safety, Labor Violations

The federal government awards billions of dollars in contracts each year to companies that routinely violate safety, health and wage ...

Nasdaq Denied Immunity for Some Investors' Claims Over Facebook IPO

Nasdaq OMX Group Inc. must face some of the negligence and securities law claims by investors who alleged they suffered $500 million in ...

Arch Enhances Healthcare Facility Professional Liability Form

Arch Insurance Group, a member of Arch Capital Group Ltd., has launched a specialized healthcare professional liability product in the U.S ...

From MyNewMarkets.com Plymouth Rock, Bunker Hill Offer Combined Home, Auto Coverage to Massachusetts AARP Members

The senior citizen organization American Association of Retired Persons (AARP) has chosen Boston-based Plymouth Rock Assurance and its...
Carrier Management

Reinsurers Target Regional Carriers as Alternative Capital Lures National Accounts

Regional and super-regional carriers may start getting more attention from reinsurers in advance of...
December 18: The 5 Senses in the Claims Process - New webinar from Academy of Insurance
East

Obama's Health Care Promise Is 2013 Top Quote, Yale Univ. Librarian Says

President Barack Obama's acknowledgement that his promise that Americans could keep their health insurance plan turned out to be inaccurate ...

New York Catholic Groups Win Challenge to Obamacare Birth Control Mandate

A group of Catholic health and educational organizations doesn't have to comply with federal Affordable Care Act requirements to ensure ...

Feds to Examine New York's Metro-North Railroad for 2 Months

Federal experts will spend the next two months examining safety compliance and safety culture at a commuter railroad that operated a train ...

FEMA Grants Helping to Raise Flood-Prone R.I. Homes

The owners of eight flood-prone properties near Misquamicut State Beach in Westerly, R.I., are using federal grant funds to raise their homes and ...
Midwest

Court: Insurance Company Exempt in Wisconsin Shooting Death

A Sheboygan insurance company is exempt from having to pay after a man accidentally killed his friend in Oconto County three years ago, a ...

Fire Damage to Michigan School Buses Estimated at $300K

Authorities in Saginaw County, Michigan say electrical problems caused a blaze that destroyed two school buses and damaged two more. ...

Missouri Lawmakers to Try Again for Award Limits in Medical Liability Suits

Missouri lawmakers plan to try again to limit how much money people can receive in medical malpractice lawsuits. Missouri House Speaker Tim ...

Indiana Asks for More Damage Reports from November Storm

The Indiana Department of Homeland Security and local county emergency management agencies are renewing a call for people who sustained ...
Southeast

Florida Tornado Damage Estimated at $5 Million

Seven homes were destroyed and more than 150 damaged by the tornado that struck a central Florida neighborhood Saturday, city officials ...

North Carolina Man Sues Hookup Website for Marriage Breakup

A Charlotte man is suing his ex-wife's lover as well as a website which he says led to the breakup of his marriage. The Charlotte Observer ...
South Central

Constitutionality of Oklahoma Workers' Compensation Law Upheld

A constitutional challenge to Oklahoma's workers' compensation law has been rejected by the state's highest court. In a ruling on Dec. 16, ...

Texas Windstorm Insurance Association Disavows Racism Allegations

Texas' insurer of last resort in coastal areas has denied allegations that a culture of racism has existed within the organization. ...

Delta General Adds Moss as Transportation Underwriter

Houston-based Delta General Agency Corp. announced that Craig Moss has joined the property/casualty insurance wholesale broker as senior ...
West

Chevron Refinery Fire Blamed by Agency on Ignored Warnings

The fire at Chevron Corp.'s refinery in Richmond, Calif., last year that sickened thousands was caused by the company ignoring a decade's ...

PG&E Worker In California Wins $1 Million In Lawsuit

A former power line worker for Pacific Gas & Electric has been awarded more than $1 million in a wrongful termination suit that claimed he ...

California School District Faces $17 Million In Claims

The San Juan Unified School District in California faces $17 million in claims over harassment allegations, with ten lawsuits alleging that ...

Washington Lawyer Faces Four Felonies in Alleged Insurance Scam

Washington Insurance Commissioner Mike Kreidler is looking for residents who might be victims of a Seattle attorney who has been charged ...
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International

Torus Receives Lloyd's Approval to Expand Syndicate 1301

Global specialty insurer Torus announced from its office in London that its Syndicate 1301 business plan for 2014 has been approved by ...

Quinn to Step Down as Swiss Re Group CFO to Become CFO at Zurich

Swiss Re's Board of Directors announced that Group Chief Financial Officer George Quinn will step down from his role, effective April 30, ...

China Eases Rules to Boost Yuan-Denominated Foreign Investment

China's commerce ministry has simplified rules to make it easier for foreign firms to use Chinese renminbi they raise offshore to invest in ...

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New Discussions in the Forums

Broker fees
Posted: Mon Dec 16 -- As long as the fee is measurable with the work being done it should be good. If you are say charging a $10,000 fee in this case you should... NYagent301
Christmas Bonus?
Posted: Mon Dec 16 -- I'm of the opinion that a X-mas bonus should be a sincere effort on the part of the business owner to express gratitude for a job well done... d's insurance store
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
SEO and buying back links
Posted: Sun Dec 15 -- I would never recommend buying links. If there's one thing I learned over the past five years it's don't ever try to trick Google into... ABMCalifornia
errors and omision
Posted: Sun Dec 15 -- Justin, I'm not sure what state you plan on doing business in but if you have not already been helped feel free to get in touch. I've taken... ABMCalifornia
New Insurance Agency
Posted: Fri Dec 13 -- A couple of more resources, one rarely mentioned but I know they help a lot of independent agencies: agentequity.com. specifically their... gregg@prospect
Floating Home GL in Oergon
Posted: Thu Dec 12 -- Hi... I have a licensed contractor in Oregon building a new home on a floating platform which is permanently docked in a marina. This will... Paul_Graham
Illinois Midwest Work Comp- tool mfg 3099
Posted: Wed Dec 11 -- My understanding is that Illinois Midwest will only work with contracted retail agencies. I used to have a few policies with them through a... ocbroker

Reader Comments

Family of North Carolina Teen Killed by Stray Bullet Sues Gunmaker
Posted: Wed Dec 11 -- I don't own a gun (not against them) but isn't checking for bullets before cleaning a gun the first item on the "gun cleaning" checklist? SWFL Agent
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
Drilling Boom Leaves Some Neighbors with Damages, Depressed House Values
Posted: Thu Dec 12 -- Doesn't Los Angeles have zoning ordinances? If so, does the zoning allow industrial operations in residential neighborhoods? Do the drillers... Boonedoggle

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