Home

WE CAN’T READ MINDS…
But we do have exceptional
Coverage Expertise >
Today’s Insurance News
Source: Insurance Journal
Young Male, Female Drivers Differ in Types of Crashes: Study
- August 28, 2014, 7:00 pm

Young female drivers have more crashes at intersections and collisions with pedestrians than do young male drivers, who have more off-road and nighttime accidents than young female drivers. Gender is often related to what type of severe or fatal crash …

The article Young Male, Female Drivers Differ in Types of Crashes: Study appeared first on Insurance Journal.

California Underground Economy Sweep Results in Fines, Citations
- August 28, 2014, 6:54 pm

The California Department of Insurance on Wednesday led a statewide multi-agency sweep in which representatives visited more than 50 businesses to educate owners about their obligations to comply with insurance, licensing, workplace safety and labor laws, tax codes and regulations. …

The article California Underground Economy Sweep Results in Fines, Citations appeared first on Insurance Journal.

State Farm Enhances Claims Reporting App with Object Recognition Technology
- August 28, 2014, 4:58 pm

State Farm has added object recognition technology to their Pocket Agent app to make submitting an auto claim via a mobile device easier and simplify the claims process. This new technology reduces the need for typing by using the mobile …

The article State Farm Enhances Claims Reporting App with Object Recognition Technology appeared first on Insurance Journal.

Texas County Reaches $775K Deal in Taser Case
- August 28, 2014, 4:51 pm

Bastrop County in Texas has settled a federal lawsuit for $775,000 with the family of a high school student who suffered a brain injury after a deputy shot him with a Taser. The attorney representing Noe Niño de Rivera said …

The article Texas County Reaches $775K Deal in Taser Case appeared first on Insurance Journal.

Gov. Pat Quinn: No Speed Increase on Illinois Interstates
- August 28, 2014, 4:49 pm

Gov. Pat Quinn has vetoed legislation aimed at increasing the speed limit from 65 to 70 miles per hour on interstate highways around Illinois. The Legislation was sponsored by Republican state Sen. Jim Oberweis. It follows the passage of law …

The article Gov. Pat Quinn: No Speed Increase on Illinois Interstates appeared first on Insurance Journal.

Indiana Town Reaches Settlement in Taser Shock Case
- August 28, 2014, 4:48 pm

The southern Indiana tourist town of Nashville has reached a settlement with a Michigan man who accused a deputy marshal of shocking him with a Taser gun while he was having a seizure. The Herald-Times reports the terms of the …

The article Indiana Town Reaches Settlement in Taser Shock Case appeared first on Insurance Journal.

Louisiana Parish Dangerous Dog Ordinance Requires Liability Coverage
- August 28, 2014, 4:47 pm

The Lafourche Parish Council in has approved a measure to tighten ownership restrictions for dangerous and vicious dogs. As with a similar law passed by the Terrebonne Parish Council this summer, The Courier reports the ordinance is not breed specific. …

The article Louisiana Parish Dangerous Dog Ordinance Requires Liability Coverage appeared first on Insurance Journal.

Officials: Texas Man Deliberately Ruined $1M Bugatti Car
- August 28, 2014, 4:44 pm

Federal authorities say an East Texas man has admitted to deliberately driving his $1 million car into Gulf waters so that he could collect insurance on the vehicle. Authorities announced that 39-year-old Andy Lee House of Lufkin has pleaded guilty …

The article Officials: Texas Man Deliberately Ruined $1M Bugatti Car appeared first on Insurance Journal.

Levinson Joins IFG as President in N.Y. After Non-Compete Period Ends
- August 28, 2014, 4:43 pm

IFG Companies announced Louis D. Levinson has joined the company as its new president in New York. Levinson was originally hired in August of 2013 but had to sit out a year until this month to assume the post because …

The article Levinson Joins IFG as President in N.Y. After Non-Compete Period Ends appeared first on Insurance Journal.

J.M. Wilson Promotes Russell to Accounting Supervisor
- August 28, 2014, 4:43 pm

Portage, Mich.-based property/casualty MGA and surplus lines broker, J.M. Wilson, has promoted Crystal Russell to accounting operations supervisor. Russell is responsible for payment and account reconciliation of company accounts and assisting the treasurer with the preparation of monthly financial statements.  …

The article J.M. Wilson Promotes Russell to Accounting Supervisor appeared first on Insurance Journal.

Leavitt Group in Montana Taps Macy, Fellows, Schermerhorn
- August 28, 2014, 4:20 pm

Brian Macy, Brett Fellows and Wendy Schermerhorn have joined joined Leavitt Great West Insurance Services in Billings, Mont. Macy will focus on commercial insurance for the oil, gas and hospitality industries. Fellows is an employee benefits advisor specializing in risk management …

The article Leavitt Group in Montana Taps Macy, Fellows, Schermerhorn appeared first on Insurance Journal.

NTSB Releases Its Final Report on 2012 N.J. Freight Train Derailment
- August 28, 2014, 4:19 pm

The National Transportation Safety Board has released its final report on systemic flaws leading up to a 2012 train derailment that leaked a dangerous gas in southern New Jersey. The report issued Tuesday was approved by the NTSB last month, …

The article NTSB Releases Its Final Report on 2012 N.J. Freight Train Derailment appeared first on Insurance Journal.

Colorado City Appealing Ruling Against Fracking Ban
- August 28, 2014, 4:09 pm

Longmont is pushing ahead in its legal battle to ban fracking and is inviting other cities to join an appeal to the Colorado Court of Appeals. City councilors voted unanimously Tuesday night to appeal a state judge’s ruling against its …

The article Colorado City Appealing Ruling Against Fracking Ban appeared first on Insurance Journal.

Actress Heigl Drops Her $6M Lawsuit Against Duane Reade in New York
- August 28, 2014, 3:51 pm

Actress Katherine Heigl and Duane Reade have come to an agreement in a lawsuit accusing the New York pharmacy of improperly posting to its social media accounts a paparazzi photograph of her leaving one of its stores. A lawyer for …

The article Actress Heigl Drops Her $6M Lawsuit Against Duane Reade in New York appeared first on Insurance Journal.

Third-Party Bad Faith Claims Add $800M to Florida Auto Insurance Costs: IRC
- August 28, 2014, 3:48 pm

Florida’s third-party bad-faith lawsuit environment may have resulted in more than $800 million in additional auto liability claim payments in 2013. The industry-supported Insurance Research Council (IRC) in a new report estimates that this cost averages approximately $79 in additional …

The article Third-Party Bad Faith Claims Add $800M to Florida Auto Insurance Costs: IRC appeared first on Insurance Journal.

Integrated Employee Benefits Merges with One Risk in California
- August 28, 2014, 3:09 pm

Pleasanton, Calif.-based One Risk Group LLC has merged Integrated Employee Benefits Solutions into its operating platform. As a result of the merger, IEBS owner Robert Silva has joined ORG as vice president in its employee benefits practice. At One Risk Group, …

The article Integrated Employee Benefits Merges with One Risk in California appeared first on Insurance Journal.

Former NYPD Officer Pleads Guilty in Disability Fraud Scheme
- August 28, 2014, 1:48 pm

A retired member of the New York City Police Department pleaded guilty to charges that he led a ring that directed hundreds of applicants for disability benefits to lie about their psychiatric conditions. Joseph Esposito, 70, of Valley Stream, New …

The article Former NYPD Officer Pleads Guilty in Disability Fraud Scheme appeared first on Insurance Journal.

Report: Russian Hackers Attack 5 Big Banks, Steal Customer Data
- August 28, 2014, 12:33 pm

Russian hackers attacked JPMorgan Chase & Co. and at least four other banks this month in a coordinated assault that resulted in the loss of gigabytes of customer data, according to two people familiar with the investigation. At least one …

The article Report: Russian Hackers Attack 5 Big Banks, Steal Customer Data appeared first on Insurance Journal.

After ‘Terrible’ Cancer Diagnosis, Benmosche Accelerated Exit from AIG
- August 28, 2014, 12:15 pm

Robert Benmosche, who is stepping down this weekend after five years as American International Group Inc.’s chief executive officer, said he learned in May that he had nine months to a year to live. Benmosche, 70, said in an interview …

The article After ‘Terrible’ Cancer Diagnosis, Benmosche Accelerated Exit from AIG appeared first on Insurance Journal.

Advice to Bankrupt MF Global Could Cost Accounting Firm $1 Billion
Jonathan Stempel - August 28, 2014, 12:04 pm

A federal judge on Wednesday ordered PricewaterhouseCoopers to face a $1 billion lawsuit claiming that its bad accounting advice was a substantial cause of the October 2011 bankruptcy of MF Global Holdings Ltd., a brokerage run by former New Jersey …

The article Advice to Bankrupt MF Global Could Cost Accounting Firm $1 Billion appeared first on Insurance Journal.

Soccer Moms, Players Sue FIFA Over Concussions
- August 28, 2014, 11:30 am

FIFA, soccer’s international governing body, was sued by soccer moms and players who claim the organization failed to adopt effective guidelines for dealing with concussions as more evidence links brain injuries to hitting the ball with the head. In their …

The article Soccer Moms, Players Sue FIFA Over Concussions appeared first on Insurance Journal.

Travelers Insurance Off Hook for $30M Trademark Claim: Court
- August 28, 2014, 11:30 am

Travelers Companies Inc.’s U.S. Fidelity & Guaranty doesn’t have to pay a $30 million judgment in a trademark infringement case against one of its insureds. The insurance company filed suit in federal court against New York’s Ashley Reed Trading Inc., …

The article Travelers Insurance Off Hook for $30M Trademark Claim: Court appeared first on Insurance Journal.

Willis Re Strengthens Senior Management Team in Canada
- August 28, 2014, 10:31 am

Willis Re Inc., the North American reinsurance operation of Willis Group Holdings plc announced the appointment of Geoff Lubert as Managing Director and Executive Vice President of Willis Re Canada, replacing Robert Wildbore, who will be returning to the UK …

The article Willis Re Strengthens Senior Management Team in Canada appeared first on Insurance Journal.

S&P Report Urges ‘Disaster Resilience’ with Governments for Reinsurers’ Growth
- August 28, 2014, 10:25 am

Standard & Poor’s Rating Services announced the publication of its “Global Reinsurance Highlights” to coincide with the 2014 Reinsurance Rendezvous in September. S&P described the report as providing “a detailed perspective on the market, focusing on the competitive pressures that …

The article S&P Report Urges ‘Disaster Resilience’ with Governments for Reinsurers’ Growth appeared first on Insurance Journal.

Baloise of Switzerland Profit Jumps on Life Insurance Sales
- August 28, 2014, 10:19 am

Baloise Holding AG, Switzerland’s third-biggest insurer, said first-half profit jumped 43 percent, boosted by earnings from life insurance. The shares rose on expectations for a higher dividend. Net income increased to CHF349.9 million ($383 million) from CHF244.8 million [$268 million] …

The article Baloise of Switzerland Profit Jumps on Life Insurance Sales appeared first on Insurance Journal.

Dutch SNS Reaal Expects Wide Interest for Insurance Division Sale
- August 28, 2014, 10:15 am

SNS Reaal, the Dutch financial services group nationalized last year, said international and domestic parties had expressed interest in its insurance operations which will go up for sale in September. The comments came as the financial services group, which was …

The article Dutch SNS Reaal Expects Wide Interest for Insurance Division Sale appeared first on Insurance Journal.

Munich Re Joins Broker Steadfast to Acquire Australia’s Calliden Insurance Operations
- August 28, 2014, 10:10 am

Munich Re’s primary insurance subsidiary Great Lakes Australia (GLA) has reached an agreement to support Australia’s largest broker network, Steadfast Group in their proposed acquisition of Calliden Group Ltd. Munich Re said it plans to “acquire the authorized insurer, Calliden …

The article Munich Re Joins Broker Steadfast to Acquire Australia’s Calliden Insurance Operations appeared first on Insurance Journal.

‘Hot Work’ Near Tank Cited in Report on Mississippi Fish Plant Explosion
- August 28, 2014, 2:05 am

A fatal explosion at a fish processing plant on the Mississippi Coast happened when sparks ignited a volatile mixture in a tank, safety officials said this week. U.S. Chemical Safety Board Chairman Rafael Moure-Eraso said in a news release that …

The article ‘Hot Work’ Near Tank Cited in Report on Mississippi Fish Plant Explosion appeared first on Insurance Journal.

North Carolina Fraternity Hazing Lawsuit Dismissed
- August 28, 2014, 2:03 am

A lawsuit stemming from the death of a former High Point University student has been dismissed against all remaining plaintiffs. The High Point Enterprise reported the case was dismissed last week against Michael Qubein, son of school President Nido Qubein. …

The article North Carolina Fraternity Hazing Lawsuit Dismissed appeared first on Insurance Journal.

N.C. Authorities Announce Arrests for Alleged Insurance Fraud Schemes
- August 28, 2014, 12:56 am

North Carolina Insurance Commissioner Wayne Goodwin announced this week charges stemming from two alleged insurance fraud schemes. Authorities said Eric Delano Smith was arrested on Aug. 20 and charged with five counts of insurance fraud, four counts of obtaining property …

The article N.C. Authorities Announce Arrests for Alleged Insurance Fraud Schemes 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.