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Today’s Insurance News
Source: Insurance Journal
Monarch Names Neville Senior Underwriter in California
- October 24, 2014, 8:38 pm

Monarch E&S has named Deb Neville a senior commercial lines underwriter in its San Diego, Calif. branch office. Neville has extensive commercial lines experience and has been working in the excess and surplus lines industry for 35 years. Most recently Neville had …

The article Monarch Names Neville Senior Underwriter in California appeared first on Insurance Journal.

12 Articles on Ebola Risk and Insurance
- October 24, 2014, 6:55 pm

1. Ebola ‘Tipping Point’ Could Come By Late January, Reports RMS Until the number of new daily cases declines rather than increases, the severity of the outbreak will continue to multiply. RMS said it does not expect this outbreak of …

The article 12 Articles on Ebola Risk and Insurance appeared first on Insurance Journal.

Various Insurance Lines Could Potentially Be Affected by Ebola
Denise Johnson - October 24, 2014, 6:30 pm

As fears of an Ebola pandemic spread, many U.S. businesses are wondering if insurance will cover any complications that may arise. According to experts, the outbreak could potentially impact several insurance lines. According to Randy Nornes, executive vice president at …

The article Various Insurance Lines Could Potentially Be Affected by Ebola appeared first on Insurance Journal.

W.R. Berkley’s Q3 Net Income Rises 37% to $189M
- October 24, 2014, 4:59 pm

W.R. Berkley Corp. posted $188.54 million net income for its 2014 third quarter, a 37.7 percent increase from $136.97 million net income reported a year ago. The Greenwich, Connecticut-based insurer’s net premiums written for the third quarter were $1.525 billion, …

The article W.R. Berkley’s Q3 Net Income Rises 37% to $189M appeared first on Insurance Journal.

Judge Dismisses Mass. AG Coakley’s Federal Housing Lawsuit
Steve LeBlanc - October 24, 2014, 4:56 pm

A federal judge has dismissed a lawsuit filed by Massachusetts Attorney General Martha Coakley against the Federal Housing Finance Agency and mortgage giants Fannie Mae and Freddie Mac, saying the court doesn’t have oversight of the matter. Coakley sued the …

The article Judge Dismisses Mass. AG Coakley’s Federal Housing Lawsuit appeared first on Insurance Journal.

GAO Report Finds SBA Didn’t Meet Timeliness Goal for Sandy Loans
- October 24, 2014, 4:54 pm

A new report from the U.S. Government Accountability Office (GAO) has found that following Superstorm Sandy, the U.S. Small Business Administration (SBA) did not meet its timeliness goal for processing business loan applications. GAO’s report, titled “Small Business Administration: Additional …

The article GAO Report Finds SBA Didn’t Meet Timeliness Goal for Sandy Loans appeared first on Insurance Journal.

Kansas Contractors Struggle to Find Skilled Workers
- October 24, 2014, 4:35 pm

A survey finds that many Kansas contractors are having trouble filling skilled jobs in the construction industry. Ninety percent of the 20 Kansas firms that responded to an Associated General Contractors survey said they’re having a hard time finding project …

The article Kansas Contractors Struggle to Find Skilled Workers appeared first on Insurance Journal.

Lyft Agrees to Temporary Halt of Rideshare Service in Kansas City
- October 24, 2014, 4:29 pm

Ridesharing company Lyft will temporarily stop operating in Kansas City, Mo. while it negotiates with the city over ways to allow it to permanently conduct business in the city. Lyft officials said that the drivers will stop working for up …

The article Lyft Agrees to Temporary Halt of Rideshare Service in Kansas City appeared first on Insurance Journal.

Ohio Workers’ Comp Bureau: Rates for Local Governments Falling
- October 24, 2014, 4:25 pm

Ohio public employers applauded an average 9.1 percent reduction in workers’ compensation rates for local governments that was approved by the Ohio Bureau of Workers’ Compensation (BWC) Board of Directors. The new rates covering 3,800 cities, counties, townships, villages, schools …

The article Ohio Workers’ Comp Bureau: Rates for Local Governments Falling appeared first on Insurance Journal.

Big Money Spent on South Dakota Doctor Choice Ads
- October 24, 2014, 4:22 pm

Activists on both sides of the “any willing provider” ballot measure that would give South Dakota patients more choice of in-network doctors say the issue is too complicated for sound bites, but have still spent more than $560,000 on television …

The article Big Money Spent on South Dakota Doctor Choice Ads appeared first on Insurance Journal.

$28M Verdict Upheld in Wyoming Carbon Monoxide Case
- October 24, 2014, 4:15 pm

A federal judge has upheld a jury’s $28.2 million damage award to a woman who suffered a permanent brain injury from carbon monoxide poisoning due to a faulty furnace in the apartment she was renting in Casper, Wyo. Amber Lompe …

The article $28M Verdict Upheld in Wyoming Carbon Monoxide Case appeared first on Insurance Journal.

Montana Jury Awards $4.3M in Train Crash Lawsuit
- October 24, 2014, 4:12 pm

A Cascade County, Mont. jury has awarded $4.3 million in damages to a BNSF Railway employee who was injured in a July 2011 train collision caused by a switching error. The Great Falls Tribune reported conductor Michael Schnittgen was injured …

The article Montana Jury Awards $4.3M in Train Crash Lawsuit appeared first on Insurance Journal.

Ford Appointed to Texas FAIR Plan Governing Committee
- October 24, 2014, 3:42 pm

Texas Commissioner of Insurance Julia Rathgeber appointed Christina Ford of Red Oak to the Fair Access to Insurance Requirements (FAIR) Governing Committee. The commissioner also reappointed Georgia Neblett of Port Aransas, Ronald Lawson of Allen, and Edward Sherlock of Beaumont …

The article Ford Appointed to Texas FAIR Plan Governing Committee appeared first on Insurance Journal.

Fireman: Trucker ‘Zombie’-Like After Fatal Bus Crash
- October 24, 2014, 3:38 pm

Russell Staley stared out his broken windshield as darkness engulfed him and firefighters bearing chain saws cut through fallen trees to reach the passenger door of his tractor trailer. Staley had been heading north on Interstate 35 near Davis, Okla., …

The article Fireman: Trucker ‘Zombie’-Like After Fatal Bus Crash appeared first on Insurance Journal.

Cocaine Residue Found on Arkansas Man’s Insurance Card
- October 24, 2014, 3:30 pm

Jonesboro, Ark., police have arrested a man who they say handed an officer an insurance card covered in cocaine residue during a traffic stop. The Jonesboro Sun reports 31-year-old Shannon Ray of Jonesboro was charged with several drug charges. Officer Blake …

The article Cocaine Residue Found on Arkansas Man’s Insurance Card appeared first on Insurance Journal.

Donegal Group’s Q3 Net Income Rises 14% to $8.7M
- October 24, 2014, 3:26 pm

Donegal Group Inc. in Marietta, Pennsylvania, today posted $8.749 million net income for the company’s 2014 third quarter, a 14.3 percent increase from $7.654 million net income one year ago. Total net premiums written for the third quarter were $147.840 …

The article Donegal Group’s Q3 Net Income Rises 14% to $8.7M appeared first on Insurance Journal.

XL North America P/C Names Nadeau As Chief Operating Officer
- October 24, 2014, 2:19 pm

XL Group’s North America Property & Casualty (NAPC) insurance business has promoted Donna Nadeau to the position of chief operating office, reporting to Joe Tocco, NAPC chief executive.  Nadeau previously served as NAPC’s chief actuary. Nadeau assumes the COO role …

The article XL North America P/C Names Nadeau As Chief Operating Officer appeared first on Insurance Journal.

Allianz Realigns Industrial Management, Launches Mid-Corporate Line
- October 24, 2014, 2:05 pm

Allianz Global Corporate & Specialty SE (AGCS), the global industrial insurer of the Allianz Group, is expanding its Board of Management with new regional responsibilities. The company is also introducing a new line of business to serve mid-size companies under …

The article Allianz Realigns Industrial Management, Launches Mid-Corporate Line appeared first on Insurance Journal.

Mississippi County Expects Insurance to Cover $165K Embezzlement
- October 24, 2014, 1:34 pm

Officials in Adams County, Mississippi are expecting an insurance policy to cover the $165,000 allegedly embezzled from its juvenile justice center. Board of Supervisors Attorney Scott Slover tells The Natchez Democrat the insurance should cover 100 percent of the loss. …

The article Mississippi County Expects Insurance to Cover $165K Embezzlement appeared first on Insurance Journal.

Chubb Reports ‘Outstanding’ Q3
- October 24, 2014, 1:04 pm

Calmer weather, rate increases, high account retention and lower expenses powered The Chubb Corp. to a what the firm’s CEO said was an “outstanding” third quarter. The New Jersey-based insurer reported that net income in the third quarter of 2014 …

The article Chubb Reports ‘Outstanding’ Q3 appeared first on Insurance Journal.

U.S., EU Urge More Policy Guidance, Specifics in UN Climate Report
- October 24, 2014, 12:10 pm

The U.S. and European Union are pushing for a stronger explanation about the dangers of climate change and the consequences of failing to stem fossil-fuel emissions in the UN’s most extensive report on global warming. The appeals are detailed in …

The article U.S., EU Urge More Policy Guidance, Specifics in UN Climate Report appeared first on Insurance Journal.

Hacala Appointed Financial Institutions Practice Leader, Willis Canada
- October 24, 2014, 9:25 am

Willis North America, a unit of Willis Group Holdings, has appointed of Roger Hacala as senior vice president and financial institutions practice leader, Willis Canada. In this new role, Hacala will oversee the financial institutions practice within Willis’s Canada region, …

The article Hacala Appointed Financial Institutions Practice Leader, Willis Canada appeared first on Insurance Journal.

Weak El Nino May Form in Warmer-Than-Normal Pacific
- October 24, 2014, 8:54 am

A weak El Nino will probably develop by the year-end, according to MDA Weather Services. While sea-surface temperatures are warmer than normal across most areas in the tropical Pacific ocean, it still doesn’t qualify as an El Nino, Kyle Tapley, …

The article Weak El Nino May Form in Warmer-Than-Normal Pacific appeared first on Insurance Journal.

AXA CFO Says Euro’s Decline Against Dollar to Help Earnings
- October 24, 2014, 8:43 am

AXA SA’s Chief Financial Officer Gerald Harlin said the euro’s decline against the dollar should help earnings in coming quarters as France’s largest insurer posted nine-month sales that were little changed. Sales during first nine months of the year were 69.6 billion …

The article AXA CFO Says Euro’s Decline Against Dollar to Help Earnings appeared first on Insurance Journal.

Video Game Teaches Kids About Money, Asset Protection and Life
- October 24, 2014, 3:19 am

If your kids are chattering non-stop about things like emeralds, pickaxes and creepers, you may have a unique opportunity to turn a video game addiction into a life lesson about money. Minecraft, a video game phenomenon with over 100 million …

The article Video Game Teaches Kids About Money, Asset Protection and Life appeared first on Insurance Journal.

MyPath Portal Aims to Attract Millennials to Insurance Careers
Mark Hollmer - October 24, 2014, 3:10 am

With the insurance industry employee base rapidly aging and retiring, a number of companies and organizations in the field have come up with something that they hope will draw more young adults into the sector. Their solution: MyPath, an online …

The article MyPath Portal Aims to Attract Millennials to Insurance Careers appeared first on Insurance Journal.

RLI Launches Healthcare Liability Division
- October 24, 2014, 2:22 am

Specialty insurer RLI Corp. of Peoria, Ill., has launched a new healthcare liability unit, RLI Healthcare, and tapped Scott Ducey, former vice president of the healthcare division at Torus, to lead the new division as vice president. RLI Healthcare will …

The article RLI Launches Healthcare Liability Division appeared first on Insurance Journal.

CDC ‘Go’ Team Sprints to New York as City Faces First Ebola Case
- October 24, 2014, 2:21 am

Start packing for New York, the “go” team from the U.S. Centers for Disease Control and Prevention was told. A doctor there was back from a West African hot zone with Ebola-like symptoms. The disease experts traveling tonight are Pierre …

The article CDC ‘Go’ Team Sprints to New York as City Faces First Ebola Case appeared first on Insurance Journal.

Judge Questions NCAA’s $75 Million Concussion Settlement
- October 24, 2014, 1:50 am

The National Collegiate Athletic Association’s bid for preliminary approval of its proposed $75 million plan to settle nationwide litigation over head injuries met with skepticism from a federal judge. The agreement announced in July would allow any athlete who ever …

The article Judge Questions NCAA’s $75 Million Concussion Settlement appeared first on Insurance Journal.

Florida Is Hot Spot for Luxury Car Theft
- October 24, 2014, 1:43 am

Drivers of luxury vehicles in Florida should watch out. Their cars are the least likely in the U.S. to be returned if stolen. More than 25 percent of luxury cars taken from the beginning of 2010 through 2013 were never …

The article Florida Is Hot Spot for Luxury Car Theft 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.