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Today’s Insurance News
Source: Insurance Journal
Red-Light Camera Debate Heats Up in New Jersey
- November 26, 2014, 4:54 am

Ground zero in the debate over New Jersey’s red light camera program shifted to a crowded, sweaty city hall office in Linden, New Jersey, Monday as the program’s most ardent critic locked horns with a mayor who wants to keep …

The article Red-Light Camera Debate Heats Up in New Jersey appeared first on Insurance Journal.

Snowstorm Recovery Efforts Continue in Buffalo, N.Y.
- November 25, 2014, 11:57 pm

The Buffalo, New York, region is continuing to recover and assess damages from last week’s record-breaking lake-effect snowstorm that brought more than 7 feet of snow to the area. State Farm spokesperson Rachael Risinger said that as of Tuesday, Nov. …

The article Snowstorm Recovery Efforts Continue in Buffalo, N.Y. appeared first on Insurance Journal.

North Carolina Insurance Agent Accused of Embezzlement
- November 25, 2014, 8:11 pm

North Carolina insurance officials announced the arrest of Harry Bernard Laughlin of Charlotte on 28 felony counts of embezzlement by an insurance agent. Department of Insurance criminal investigators allege that between August 2013 and March 2014, while acting as owner …

The article North Carolina Insurance Agent Accused of Embezzlement appeared first on Insurance Journal.

AHT Insurance in Virginia Announces CEO Retirement and Succession Plan
- November 25, 2014, 5:59 pm

Armfield Harrison & Thomas Inc. (AHT Insurance) in Leesburg, Virginia, announced that President and CEO Alexander Green is retiring, effective Jan. 1, 2015. Green has been with the firm for 36 years and will continue to support the firm by …

The article AHT Insurance in Virginia Announces CEO Retirement and Succession Plan appeared first on Insurance Journal.

Liberty, Texas, Posting Auto Theft Warning Signs from Insurance Council
- November 25, 2014, 5:55 pm

Police officers in Liberty, Texas, will be putting up crime prevention signs in their city this week to help motorists prevent auto thefts and burglaries. Black Friday and the holiday shopping season is a great time for business retailers and …

The article Liberty, Texas, Posting Auto Theft Warning Signs from Insurance Council appeared first on Insurance Journal.

Texas to Hold Hearings on Workers’ Comp Rates and Relativities
- November 25, 2014, 5:45 pm

The Texas Department of Insurance has scheduled public hearings to review rates charged by insurers for workers’ compensation insurance in this state, and to consider revised Texas workers’ compensation classification relativities. The hearings will proceed consecutively, and will begin at …

The article Texas to Hold Hearings on Workers’ Comp Rates and Relativities appeared first on Insurance Journal.

Reports: Wisconsin Train Derailment Caused by Human Error
- November 25, 2014, 5:44 pm

A two-train collision and derailment last July in southeastern Wisconsin was caused by human error when the rear of a freight train was unintentionally backed onto another rail line, according to reports submitted to federal transportation officials. Incident reports released …

The article Reports: Wisconsin Train Derailment Caused by Human Error appeared first on Insurance Journal.

Work Begins on Westernmost Levees in Louisiana’s Terrebonne Parish
- November 25, 2014, 5:42 pm

Terrebonne Parish flood protection planners are taking the first steps toward building the western footprint of the Morganza-to-the-Gulf levee system in Louisiana. The 98-mile system’s newest authorization from Congress earlier this year extended its footprint about16 miles west from the …

The article Work Begins on Westernmost Levees in Louisiana’s Terrebonne Parish appeared first on Insurance Journal.

California Bus Crash That Killed 1 Was Its 2nd Wreck Of Day
- November 25, 2014, 5:41 pm

A tour bus that drifted off a Northern California interstate and crashed onto its roof, killing a 33-year-old man and injuring 30 others, was the vehicle’s second wreck in a day, authorities said. The bus was en route from Los …

The article California Bus Crash That Killed 1 Was Its 2nd Wreck Of Day appeared first on Insurance Journal.

Missouri Seeking Administrator/Insurer for Workers’ Comp Residual Market
- November 25, 2014, 5:38 pm

The Missouri Department of Insurance, Financial Institutions & Professional Registration is seeking to contract with one or more entities to administer and provide workers’ compensation insurance for the state’s Workers’ Compensation Alternative Residual Market Plan (ARM Plan). All bidders must …

The article Missouri Seeking Administrator/Insurer for Workers’ Comp Residual Market appeared first on Insurance Journal.

Barney & Barney Opens Another Northern California Office
- November 25, 2014, 5:38 pm

Barney & Barney announced the opening of a Walnut Creek, Calif. office to serve its growing number of clients in the East Bay. The office is in downtown Walnut Creek and will accommodate more than 70 Barney & Barney employees in the East Bay. …

The article Barney & Barney Opens Another Northern California Office appeared first on Insurance Journal.

Mutual of Omaha CEO Neary to Retire; Blackledge Named President, Successor
- November 25, 2014, 5:37 pm

Omaha, Neb.-based Mutual of Omaha Chairman and CEO Dan Neary announced that he will retire in 2015. He will retain the role of chairman of the company’s board of directors. Executive Vice President James T. Blackledge has been appointed president of …

The article Mutual of Omaha CEO Neary to Retire; Blackledge Named President, Successor appeared first on Insurance Journal.

UK Insurers Already Banned from Paying Ransoms to Terrorist Organizations
- November 25, 2014, 5:36 pm

The UK Government’s proposal to ban the payment of ransoms by insurers to terrorist organizations, which will be officially presented to Parliament tomorrow, is in fact already inscribed in law, not only by the UK, but also by the U.S., …

The article UK Insurers Already Banned from Paying Ransoms to Terrorist Organizations appeared first on Insurance Journal.

Texas Woman Acquitted in Fiancé’s Death; GM Ignition-Switch Blamed
- November 25, 2014, 5:35 pm

A Texas woman who pleaded guilty to negligent homicide in the death of her fiancé in a 2004 accident involving a since-recalled General Motors Saturn Ion won a reversal of her conviction. Candice Anderson, who was seriously injured in the …

The article Texas Woman Acquitted in Fiancé’s Death; GM Ignition-Switch Blamed appeared first on Insurance Journal.

Outlook Revised to Positive for Farmers Union Mutual Insurance Co.
- November 25, 2014, 5:30 pm

A.M. Best has revised the outlook to positive from stable and affirmed the issuer credit rating (ICR) of “a” for Farmers Union Mutual Insurance Company (FUMI) in Jamestown, N.D. Concurrently, A.M. Best has also affirmed FUMI’s financial strength rating of A (Excellent). The …

The article Outlook Revised to Positive for Farmers Union Mutual Insurance Co. appeared first on Insurance Journal.

Vermont to Enforce Seat Belt Law Over Thanksgiving Holiday
- November 25, 2014, 5:23 pm

The Vermont Governor’s Highway Safety Program is going to be sponsoring a holiday “Click It or Ticket” campaign to encourage the use of seat belts and child safety seats. Beginning on Wednesday, Nov. 26, motorists in Vermont can expect to …

The article Vermont to Enforce Seat Belt Law Over Thanksgiving Holiday appeared first on Insurance Journal.

Allied World Launches Network Security Insurance Product for Canada
- November 25, 2014, 4:24 pm

Allied World Assurance Company Holdings AG announced the launch of Allied World North America’s privacy and network security insurance product, called Privacy//101SM, which is tailored for the Canadian marketplace. Designed for small to mid-size companies, including law firms, healthcare and …

The article Allied World Launches Network Security Insurance Product for Canada appeared first on Insurance Journal.

Alabama Jury Awards Damages in Diamond-Swap Case
- November 25, 2014, 4:14 pm

A Montgomery County jury has awarded a woman more than $30,000 in damages after she accused a jeweler of swapping a diamond she wanted to re-purpose with one of lesser value. WSFA-TV reported that the Alabama jury awarded DeeDee Nolan …

The article Alabama Jury Awards Damages in Diamond-Swap Case appeared first on Insurance Journal.

Abuse Complaints Against Private West Virginia School Released
- November 25, 2014, 4:11 pm

A former West Virginia boarding school for troubled youths was named in more than a dozen complaints of abuse and mistreatment over the past five years, one involving a student who allegedly volunteered a younger sibling to other residents for …

The article Abuse Complaints Against Private West Virginia School Released appeared first on Insurance Journal.

Markel Names Glisson as Global Insurance President
- November 25, 2014, 3:45 pm

Markel Corp. said that Britt Glisson has been appointed president of the Global Insurance division. Markel Global was formed following the acquisition of Alterra Capital Holdings by Markel in May 2013. The Markel Global team underwrites marine, professional liability, property, …

The article Markel Names Glisson as Global Insurance President appeared first on Insurance Journal.

Smaller Firms Showing Interest in Cyber Liability Coverage: Aspen’s Vitale
- November 25, 2014, 3:30 pm

Cyber liability insurance isn’t just for large corporations anymore. Demand for cyber liability insurance is now coming from middle-sized and small businesses, according to an insurance CEO who believes the market potential is tremendous. “Now we see many, many what …

The article Smaller Firms Showing Interest in Cyber Liability Coverage: Aspen’s Vitale appeared first on Insurance Journal.

NYC Incurred Record $732M in Legal Costs Last Fiscal Year
- November 25, 2014, 2:21 pm

New York incurred a record $732 million in legal costs in the last fiscal year, mostly from claims of police abuse, negligence and hiring discrimination, expenses that accelerated under Mayor Bill de Blasio. The amount accrued in settlements and judgments …

The article NYC Incurred Record $732M in Legal Costs Last Fiscal Year appeared first on Insurance Journal.

Honda Admits Not Reporting U.S. Claims; Could Face Record Fine
- November 25, 2014, 1:57 pm

Honda Motor Co. said it failed to report more than 1,700 claims of injury or death involving its cars to U.S. regulators, a violation that would be one of the biggest in history and could lead to a fine of …

The article Honda Admits Not Reporting U.S. Claims; Could Face Record Fine appeared first on Insurance Journal.

ACE Names Waterford as Deputy Head of Accident & Health in Asia Pacific
- November 25, 2014, 10:24 am

ACE Group announced the appointment of Blain Waterford to the newly created role of vice president & deputy head of its accident & health business in Asia Pacific. In his new capacity, Waterford will head direct marketing, telemarketing, mobile assurance, …

The article ACE Names Waterford as Deputy Head of Accident & Health in Asia Pacific appeared first on Insurance Journal.

IKEA, Ikano Group Testing Affordable Accident & Health Cover in Sweden
- November 25, 2014, 9:30 am

OMIFALL, a Swedish health insurance product for pregnant women and children, came about as a “mutual dream” between home furnishings icon IKEA and its sister company, Ikano Group. The dream was to create and easily distribute an affordable alternative to …

The article IKEA, Ikano Group Testing Affordable Accident & Health Cover in Sweden appeared first on Insurance Journal.

India’s Opposition Party Could Support Insurance Industry Liberalization
- November 25, 2014, 8:11 am

India’s main opposition Congress party signaled on Monday it could support government legislation to liberalize the insurance industry, a long-delayed reform expected to help improve investor confidence. Prime Minister Narendra Modi proposed in August to lift the cap on foreign …

The article India’s Opposition Party Could Support Insurance Industry Liberalization appeared first on Insurance Journal.

Documents At End of AIG Bailout Testimony Could Aid Greenberg
- November 24, 2014, 11:46 pm

The Federal Reserve Bank of New York’s legal advisers sought to devise ways to avoid accountability to shareholders in the 2008 bailout of American International Group Inc., according to evidence introduced at the end of trial testimony over terms of …

The article Documents At End of AIG Bailout Testimony Could Aid Greenberg appeared first on Insurance Journal.

Superstorm Sandy Victims Allege Racketeering in Flood Claims Review
- November 24, 2014, 10:14 pm

Wright National Flood Insurance Co. and U.S. Forensic LLC, an engineering firm, were sued by New York homeowners who claim the companies conspired to manipulate reports and avoid paying for damages from Hurricane Sandy in 2012. Wright, which provides coverage …

The article Superstorm Sandy Victims Allege Racketeering in Flood Claims Review appeared first on Insurance Journal.

Fasten Your Seatbelts, Flying Cars Could Take-Off Within 3 Years
- November 24, 2014, 10:11 pm

The first time Carl Dietrich brought his flying-car concept to the Experimental Aircraft Association’s annual AirVenture gathering in Oshkosh, Wisconsin, he had only a video to show the aviation geeks who wandered by his modest stall. The following year, he …

The article Fasten Your Seatbelts, Flying Cars Could Take-Off Within 3 Years appeared first on Insurance Journal.

First Louisiana Flood Board Oil Suit Settlement Earmarked for Coast
- November 24, 2014, 5:55 pm

Money from the first and only settlement so far in a Louisiana flood board’s lawsuit against dozens of energy companies will be placed in a special account dedicated to coastal restoration. The Southeast Louisiana Flood Protection Authority-East voted to establish …

The article First Louisiana Flood Board Oil Suit Settlement Earmarked for Coast 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.