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Today’s Insurance News
Source: Insurance Journal
Honda: Require Car Owners to Comply with Recalls
- November 21, 2014, 11:45 am

Honda Motor Co. wants regulators to make U.S. motorists comply with carmakers’ recall notices. Amid reports of people killed because they didn’t know their cars had a defect, an executive with the Japan-based carmaker urged state and federal regulators to …

The article Honda: Require Car Owners to Comply with Recalls appeared first on Insurance Journal.

Blankenship Pleads Not Guilty to Charges Linked to Massey Mine Explosion
- November 21, 2014, 11:39 am

Former Massey Energy chief Donald Blankenship pleaded not guilty to charges linked to the West Virginia mine explosion that killed 29 workers in the worst U.S. coal industry disaster in almost 40 years. The former executive, 64, once a powerful …

The article Blankenship Pleads Not Guilty to Charges Linked to Massey Mine Explosion appeared first on Insurance Journal.

XL Group Adds Fleet Safety Service to Construction Insurance
- November 21, 2014, 11:30 am

As nearly half of all construction fatalities involve a vehicle, XL Group North America Construction has added fleet safety training services to its construction insurance business in collaboration with Issaquah, Washington-based SWERVE Fleet Training. Contractors face significant vehicle risks both …

The article XL Group Adds Fleet Safety Service to Construction Insurance appeared first on Insurance Journal.

China Re to Underwrite at Lloyds, Syndicate to Be Managed by Catlin
Lisa Howard - November 21, 2014, 10:08 am

China Reinsurance (Group) Corporation has received approval from Lloyd’s to transform its existing special purpose syndicate into a stand-alone syndicate that will underwrite a diversified book of business, initially focusing on reinsurance, incepting from January 1, 2015. The China Re …

The article China Re to Underwrite at Lloyds, Syndicate to Be Managed by Catlin appeared first on Insurance Journal.

How Carriers Are Handling Property Cat Renewals, Terrorism, Ebola: NAPCO
- November 21, 2014, 10:03 am

Property/catastrophe insurers have been focused on winning new business, which means new customers are seeing bigger price cuts, according to a market report from a wholesale broker specializing in catastrophe risk placements. NAPCO’s Fall 2014 State of the Market report …

The article How Carriers Are Handling Property Cat Renewals, Terrorism, Ebola: NAPCO appeared first on Insurance Journal.

Hospitals Improvise on Safety to Treat Ebola Patients
David B. Caruso - November 21, 2014, 10:01 am

What does it take to Ebola-proof a hospital? Over the past few months, U.S. medical centers have spent millions of dollars putting together a plan to treat patients with the scary, but extremely rare disease. To a large extent, it …

The article Hospitals Improvise on Safety to Treat Ebola Patients appeared first on Insurance Journal.

Successful Brokers Put Clients Front and Center: Aon’s Dominic Christian
- November 21, 2014, 9:00 am

The brokerage industry has changed “utterly and fundamentally” over the past 30 years from a risk transfer function to much more of an advisory role, according to Dominic Christian, executive chairman, Aon Benfield, London. Christian spoke at an event this …

The article Successful Brokers Put Clients Front and Center: Aon’s Dominic Christian appeared first on Insurance Journal.

Arizona Joins Wave Suits in $3 Billion GM Ignition-Switch Fraud
- November 20, 2014, 9:26 pm

Arizona became the first state to join the wave of litigation against General Motors Co. over faulty ignition switches, claiming the company misled consumers about the safety of its cars and defrauded them of $3 billion. Arizona Attorney General Tom …

The article Arizona Joins Wave Suits in $3 Billion GM Ignition-Switch Fraud appeared first on Insurance Journal.

North Carolina Approves Workers’ Compensation Rates for 2015
- November 20, 2014, 6:18 pm

North Carolina Insurance Commissioner Wayne Goodwin said new workers’ compensation rates have been approved as filed and will go into effect April 1, 2015. There will be a 3.4 percent average decrease to loss costs for the voluntary market. There …

The article North Carolina Approves Workers’ Compensation Rates for 2015 appeared first on Insurance Journal.

Montana’s Lindeen Elected NAIC President
- November 20, 2014, 6:14 pm

Members of the National Association of Insurance Commissioners (NAIC) have elected 2015 officers who  will assume their duties on Jan. 1, 2015. President: Montana State Auditor and Commissioner of Securities and Insurance Monica J. Lindeen President-Elect: Pennsylvania Insurance Commissioner Michael …

The article Montana’s Lindeen Elected NAIC President appeared first on Insurance Journal.

Detroit Mulling City-Sponsored Auto Insurance
- November 20, 2014, 5:43 pm

The City Council has approved a contract for a firm to study whether it’s feasible for Detroit, Mich., to create its own city-sponsored auto insurance company. Mayor Mike Duggan’s office says the $75,000 contract for Pinnacle Actuarial Resources was passed …

The article Detroit Mulling City-Sponsored Auto Insurance appeared first on Insurance Journal.

Texas Mutual Awards $62K Dividend to Construction Supply Safety Group
- November 20, 2014, 5:42 pm

Austin-based workers’ compensation insurer, Texas Mutual Insurance Co., recently awarded a dividend of $62,147 to the Texas Construction Supply safety group. Texas Mutual said the dividend was earned based on the group members’ dedication to making safety a priority in …

The article Texas Mutual Awards $62K Dividend to Construction Supply Safety Group appeared first on Insurance Journal.

RHSB’s Jones Receives Cyber Risk Management Leadership Award
- November 20, 2014, 5:41 pm

Douglas R. Jones, senior vice president and principal at Texas-based Roach Howard Smith & Barton, was presented with the Cyber Risk Management Leadership Award 2014-15 at the annual Cyber Risk Management Boot Camp held in Atlanta, Ga., and hosted by INSUREtrust. …

The article RHSB’s Jones Receives Cyber Risk Management Leadership Award appeared first on Insurance Journal.

Illinois Judge Denies Lower Bond in Rock Island Arson Case
- November 20, 2014, 5:38 pm

A Rock Island County judge has denied a lower bond for a man accused of setting a fire that destroyed or damaged a handful of buildings in downtown Rock Island, Ill., in September. Jason Earl Anderson, 34, is charged with …

The article Illinois Judge Denies Lower Bond in Rock Island Arson Case appeared first on Insurance Journal.

Draft Report: Taxis to Be Outnumbered by Rideshare Drivers in Virginia
- November 20, 2014, 5:38 pm

A draft state report predicts taxis will be outnumbered by ride-sharing drivers after Virginia begins regulating the industry. The report estimates that 5,900 personal vehicles would be registered under a ride-sharing company. That’s 500 more than the number of taxis …

The article Draft Report: Taxis to Be Outnumbered by Rideshare Drivers in Virginia appeared first on Insurance Journal.

Chemical Leak at DuPont Plant in Texas Spurs Wrongful Death Suit
- November 20, 2014, 5:38 pm

The widow of one of four workers killed in a Houston-area DuPont chemical plant leak has filed a wrongful death lawsuit seeking more than $1 million. The Houston Chronicle reported that the lawsuit was filed by Michelle Tisnado, who was …

The article Chemical Leak at DuPont Plant in Texas Spurs Wrongful Death Suit appeared first on Insurance Journal.

Arthur J. Gallagher Acquires Iowa-Based Miller-Harrison Insurance Services
- November 20, 2014, 5:35 pm

Arthur J. Gallagher & Co. announced it has acquired Miller-Harrison Insurance Services in Muscatine, Iowa. Terms of the transaction were not disclosed. Founded in 1919, Miller-Harrison is a retail insurance broker providing commercial property/casualty, risk management consulting and personal lines insurance …

The article Arthur J. Gallagher Acquires Iowa-Based Miller-Harrison Insurance Services appeared first on Insurance Journal.

Eastern Insurance Group Hires Lemos as Construction Practice Manager in Mass.
- November 20, 2014, 5:28 pm

Eastern Insurance Group in Natick, Massachusetts, has hired William Lemos as senior vice president and manager of its construction practice. At Eastern Insurance Group, Lemos will provide oversight and direction as it pertains to operations, marketing and new business growth …

The article Eastern Insurance Group Hires Lemos as Construction Practice Manager in Mass. appeared first on Insurance Journal.

8 Million Cars Recalled for Air Bags; Only 6% Repaired: Bloomberg
- November 20, 2014, 5:11 pm

Honda Motor Co., Toyota Motor Corp. and other major automakers have fixed only a fraction of the almost 8 million cars called back in the last two years to replace potentially defective Takata Corp. air bags. About 6 percent of …

The article 8 Million Cars Recalled for Air Bags; Only 6% Repaired: Bloomberg appeared first on Insurance Journal.

Oregon School District Named in Sexual Assault Suit
- November 20, 2014, 5:04 pm

A federal lawsuit seeks $5 million from the Lincoln County, Ore. school district, alleging that district officials failed to protect a developmentally disabled boy from being sexually assaulted by a classmate on campus. The Register-Guard reported the lawsuit was filed …

The article Oregon School District Named in Sexual Assault Suit appeared first on Insurance Journal.

Plan to Settle Abuse Claims Offered By Montana Catholic Diocese
- November 20, 2014, 5:02 pm

The Roman Catholic Diocese of Helena has filed a bankruptcy reorganization plan that proposes a $16.4 million settlement for hundreds of people who said clergy members sexually abused them for decades while the church covered it up. The plan, filed …

The article Plan to Settle Abuse Claims Offered By Montana Catholic Diocese appeared first on Insurance Journal.

Estate of Oregon Keeper Killed By Cougar Sues Sanctuary
- November 20, 2014, 4:59 pm

The estate of a young woman who was mauled to death by a cougar while working at a wild-cat sanctuary in suburban Portland, Ore. is suing the sanctuary and its owners. The lawsuit against WildCat Haven and owners Michael and …

The article Estate of Oregon Keeper Killed By Cougar Sues Sanctuary appeared first on Insurance Journal.

XL Names AIG’s Smith to Southeast Property Underwriting Post
- November 20, 2014, 4:57 pm

To address the property insurance needs of  industrial and commercials properties in Atlanta and the surrounding region, XL Group has appointed Mike Smith as the new Southeast regional underwriting leader in its North America Property insurance business. Based in Atlanta, …

The article XL Names AIG’s Smith to Southeast Property Underwriting Post appeared first on Insurance Journal.

Russian Firms Face Huge Insurance Costs as Foreign Insurers Flee
- November 20, 2014, 4:57 pm

Russian companies face billions of dollars in extra insurance costs as Western sanctions prompt foreign insurance firms to start pulling out, worried that any business they undertake is at risk from future measures and an increasingly sick economy. Russian President …

The article Russian Firms Face Huge Insurance Costs as Foreign Insurers Flee appeared first on Insurance Journal.

North Carolina Lawmakers Hear Pros, Cons of Uber, Lyft, Airbnb
- November 20, 2014, 3:24 pm

North Carolina lawmakers heard arguments this week for and against increasing regulation of digital services that allow people to sell car rides through a smartphone app or rent out rooms to travelers. Car services such as Uber and Lyft and …

The article North Carolina Lawmakers Hear Pros, Cons of Uber, Lyft, Airbnb appeared first on Insurance Journal.

Florida Company Reaches $40M Settlement Over Illegal Fax Ads
- November 20, 2014, 3:12 pm

A Jacksonville-based company has reached a $40 million settlement in a class action lawsuit over claims the company sent unsolicited fax advertisements to consumers. A federal judge will still need to approve the settlement by Interline Brands Inc. over charges …

The article Florida Company Reaches $40M Settlement Over Illegal Fax Ads appeared first on Insurance Journal.

Staples Still Tallying Costs of Data Breach
- November 20, 2014, 2:00 pm

Staples Inc., the world’s largest office-supply chain, said it can’t yet “reasonably” estimate the potential losses and expenses it will incur in connection with the possible credit-card data breach disclosed last month. While the company said it believes the malware …

The article Staples Still Tallying Costs of Data Breach appeared first on Insurance Journal.

Farm Bill Costs Soar Despite Great Harvest
- November 20, 2014, 1:58 pm

U.S. farmers are about to reap a bumper harvest not just in corn and soybeans but also in new subsidies that could soar to $10 billion, blowing a hole in the government’s promise that its new five-year farm bill would …

The article Farm Bill Costs Soar Despite Great Harvest appeared first on Insurance Journal.

More Snow Threatening for Western New York as Flooding Risk
- November 20, 2014, 1:51 pm

Lake-effect snow that killed six people and halted travel across western New York may reach as high as 7 feet in some areas before stopping tomorrow, when temperatures will start to rise along with the risk of flooding. At least …

The article More Snow Threatening for Western New York as Flooding Risk appeared first on Insurance Journal.

D&O Primary, Excess Layer Pricing Moving in Opposite Directions: Aon
- November 20, 2014, 1:47 pm

Overall price declines for directors and officers liability insurance programs of publicly traded companies continue to be driven by excess-layer price drops, Aon’s Financial Services Group said in a recent report. D&O insurance pricing fell 4.4 percent overall during second-quarter …

The article D&O Primary, Excess Layer Pricing Moving in Opposite Directions: Aon appeared first on Insurance Journal.

Southwest Risk, L.P. celebrated our 10 year anniversary and spectacular new offices with an Open House party on April 29th.

Thank you to all who attended. Please click here to see photos from the event.