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Today’s Insurance News
Source: Insurance Journal
N.J. Sen. Menendez Urges FEMA to Reform NFIP’s Claims Process
- September 12, 2014, 9:18 pm

Following up on issues that were raised at the July 30 hearing on post-Sandy flood insurance claims, U.S. Sen. Robert Menendez (D-N.J.) sent a letter on Wednesday, Sept. 10, to Federal Emergency Management Agency’s (FEMA) Administrator Craig Fugate, urging him …

The article N.J. Sen. Menendez Urges FEMA to Reform NFIP’s Claims Process appeared first on Insurance Journal.

California Workers’ Comp Kaleidoscope Through Conference-goers Eyes
Don Jergler - September 12, 2014, 7:46 pm

Rick Hudson was sitting at his booth at the California Workers’ Compensation & Risk Conference on Thursday scanning emails on his smartphone during a slow period when he was asked what the most significant change to his job has been …

The article California Workers’ Comp Kaleidoscope Through Conference-goers Eyes appeared first on Insurance Journal.

Massachusetts Fire Officials Worried About Possible Rules Change
- September 12, 2014, 6:10 pm

A draft document on costs of fire alarm and sprinkler systems in Massachusetts could lead to a rollback in requirements in some multi-unit residential buildings, a group of concerned fire officials said on Sept. 9. About 40 fire officials attended …

The article Massachusetts Fire Officials Worried About Possible Rules Change appeared first on Insurance Journal.

Leavitt Group Brings on Schiff in Montana
- September 12, 2014, 6:04 pm

Leavitt Great West Insurance Services has hired Gwen Schiff to coordinate the stop loss procurement, placement, and claims oversight for partially self-funded clients. Schiff has 30 years in the insurance industry with an emphasis on health benefits and self-funded plans. …

The article Leavitt Group Brings on Schiff in Montana appeared first on Insurance Journal.

Integro Hires 2 Executives From Wells Fargo in New York
- September 12, 2014, 5:45 pm

Insurance brokerage and risk management firm Integro Insurance Brokers announced the bolstering of its middle market presence with the addition of two experienced brokers: Anne Webb, a managing principal, and Keren von Schmidt, a principal. Both will be based in …

The article Integro Hires 2 Executives From Wells Fargo in New York appeared first on Insurance Journal.

XL Group, Munich Re, New Energy Risk Provide Insurance for Fuel Cell Project
- September 12, 2014, 5:02 pm

XL Group’s Complex Accounts unit, Munich Re’s Green Tech Solutions team, and consultants New Energy Risk (NER), have teamed up to deliver a performance insurance policy for a portfolio of fuel cell servers installed across the U.S. The insurance cover …

The article XL Group, Munich Re, New Energy Risk Provide Insurance for Fuel Cell Project appeared first on Insurance Journal.

Indictment: N.J. Man Lied About Being Carjacked for Insurance Payout
- September 12, 2014, 4:52 pm

New Jersey state authorities say a northern New Jersey man fabricated a story about being carjacked so he could get about $38,500 from his insurer. New Jersey’s Acting Attorney General John Hoffman announced Wednesday that 42-year-old Maurice Douglas, of East …

The article Indictment: N.J. Man Lied About Being Carjacked for Insurance Payout appeared first on Insurance Journal.

FEMA Wants at Least $5.8M in Superstorm Sandy Aid Repaid
- September 12, 2014, 4:46 pm

After Superstorm Sandy hit the East Coast nearly two years ago, the federal government quickly sent out $1.4 billion in emergency disaster aid to the hurricane’s victims. Now, thousands of people might have to pay back their share. The Federal …

The article FEMA Wants at Least $5.8M in Superstorm Sandy Aid Repaid appeared first on Insurance Journal.

California Drivers Lose $44B Over Worn-Out Roads Cost, Report Says
- September 12, 2014, 4:16 pm

California’s worn-out, congested roads and bridges are costing drivers $44 billion a year, a report released today shows. Higher vehicle operating costs, congestion-related delays and traffic accidents cost $2,458 per driver in Los Angeles, according to the report released by …

The article California Drivers Lose $44B Over Worn-Out Roads Cost, Report Says appeared first on Insurance Journal.

Washington Governor Asks Feds to Reconsider Aid for State’s Largest Wildfire
- September 12, 2014, 4:12 pm

Washington Gov. Jay Inslee is asking the federal government to reconsider providing federal aid to people hurt by the state’s largest wildfire. Inslee said that more homes were destroyed or damaged than initially thought. The governor wrote to President Obama, …

The article Washington Governor Asks Feds to Reconsider Aid for State’s Largest Wildfire appeared first on Insurance Journal.

Washington Saw 567 Square Miles Burned by Wildfires
- September 12, 2014, 4:10 pm

Wildfires this summer in Washington have burned about 567 square miles. Last year wildfires burned about 156 square miles in the state. State Forester Aaron Everett says this year’s scorched acreage is about six times the five-year average of 95 …

The article Washington Saw 567 Square Miles Burned by Wildfires appeared first on Insurance Journal.

Southern California Fire Danger Rises Amid Heat Wave
- September 12, 2014, 4:05 pm

Forecasters say a heat wave building across Southern California will elevate fire danger through early next week. The National Weather Service says temperatures will edge upward to around 100 degrees in warmest areas Friday and the peak of the heat …

The article Southern California Fire Danger Rises Amid Heat Wave appeared first on Insurance Journal.

California Earthquake Claims First Death
- September 12, 2014, 4:03 pm

A 65-year-old woman who suffered a head injury when a television struck her during last month’s earthquake in California’s wine country has died – the first death attributed to the magnitude-6.0 temblor, sheriff’s officials said. Laurie Anne Thompson was at …

The article California Earthquake Claims First Death appeared first on Insurance Journal.

Illinois School District Awarded $10M in Collapsed Mine Case
- September 12, 2014, 3:51 pm

An Illinois school district has been awarded nearly $10 million in a lawsuit against Union Pacific Railroad after claiming a collapsed mine left an elementary school damaged. Macoupin County Judge Patrick Londrigan awarded the Gillespie School District the judgment on …

The article Illinois School District Awarded $10M in Collapsed Mine Case appeared first on Insurance Journal.

Minnesota County Asked to Buyout Flooded Homes
- September 12, 2014, 3:37 pm

Three months after storms caused significant damage to roads and flooded homes, some residents of Scott County tell emergency management officials they want out. At least 10 homeowners in Blakeley Township say they’re interested in flood mitigation buyouts. Blakeley was …

The article Minnesota County Asked to Buyout Flooded Homes appeared first on Insurance Journal.

Launch of State-Run Health Insurance Exchange Delayed in Arkansas
- September 12, 2014, 3:25 pm

A nonprofit created by the Arkansas legislature has decided to delay establishing a state-run health insurance exchange until 2016 to avoid a rush to build the technology system for it. The Arkansas Health Insurance Marketplace Board had hoped to establish …

The article Launch of State-Run Health Insurance Exchange Delayed in Arkansas appeared first on Insurance Journal.

Brown & Brown Promotes Freebourn to Additional Post of People Officer
- September 12, 2014, 2:52 pm

Florida-based insurance intermediary Brown & Brown Inc. has promoted Richard A. Freebourn, Sr. to the position of People Officer. In addition to leading internal operations and internal audit for the company, Freebourn will assume the additional duties in the traditional …

The article Brown & Brown Promotes Freebourn to Additional Post of People Officer appeared first on Insurance Journal.

Guy Carpenter’s Bufkin Joins Hamilton USA
- September 12, 2014, 2:20 pm

Hamilton Insurance Group today announced that Barbara C. Bufkin will be joining its U.S. operations, Hamilton USA, as executive vice president, Business Development. Reporting to Hamilton USA CEO Conan Ward, Bufkin will be responsible for distribution, marketing and sales strategies, …

The article Guy Carpenter’s Bufkin Joins Hamilton USA appeared first on Insurance Journal.

Florida Insurance Scammer Steinger Appeals Prison Sentence
- September 12, 2014, 2:05 pm

The man who masterminded an $800 million Florida insurance scam that fleeced more than 30,000 investors is appealing his 20-year prison term. The attorney for 64-year-old Joel Steinger filed notice of appeal this week in Miami federal court. Steinger was …

The article Florida Insurance Scammer Steinger Appeals Prison Sentence appeared first on Insurance Journal.

Solar Storm Headed for Earth But Only Slight Effects Expected
- September 12, 2014, 1:58 pm

A strong solar flare is blasting its way to Earth, but the worst of its power looks like it will barely skim above the planet and not cause many problems. It has been several years since Earth has had a …

The article Solar Storm Headed for Earth But Only Slight Effects Expected appeared first on Insurance Journal.

OSHA Revises Reporting Rule for Worker Injuries
- September 12, 2014, 1:04 pm

The U.S. Occupational Safety and Health Administration (OSHA) has issued a final rule requiring employers to notify OSHA when an employee is killed on the job or suffers a work-related hospitalization, amputation or loss of an eye. Under the revised …

The article OSHA Revises Reporting Rule for Worker Injuries appeared first on Insurance Journal.

U.S. Treasury Eyes Hedge Funds’ Use of Low-Tax Bermuda Reinsurers
- September 12, 2014, 12:43 pm

The U.S. Treasury Department said it’s considering ways to end a “loophole” that allows hedge- fund managers to avoid taxes by routing their investments through an insurance company in low-tax countries like Bermuda. The Treasury, in an Aug. 9 letter …

The article U.S. Treasury Eyes Hedge Funds’ Use of Low-Tax Bermuda Reinsurers appeared first on Insurance Journal.

3i Group’s Montague Replaces McFarlane As Aviva Chairman
- September 12, 2014, 12:35 pm

Aviva Plc, the U.K.’s second- largest insurer by market value, named Adrian Montague as non- executive chairman, replacing John McFarlane, who is taking up the same job at Barclays Plc. Montague, 66, who joined the board of Aviva in 2013, …

The article 3i Group’s Montague Replaces McFarlane As Aviva Chairman appeared first on Insurance Journal.

Court Denies Players’ Appeal of NFL Concussion Claims Deal
- September 12, 2014, 12:18 pm

A group of retired National Football League players can’t appeal a judge’s preliminary approval of a $765 million settlement of concussion claims with the NFL they say excludes compensation for future deaths. The U.S. Court of Appeals in Philadelphia today …

The article Court Denies Players’ Appeal of NFL Concussion Claims Deal appeared first on Insurance Journal.

London Financial Leaders Weigh Risks of Scotland Shock
- September 12, 2014, 12:08 pm

As Scotland stares history in the face, London’s financial guardians are preparing for their worst-case scenario. Six days before a referendum that could see Scotland ending its 307-year political bond with the United Kingdom, officials at the Bank of England …

The article London Financial Leaders Weigh Risks of Scotland Shock appeared first on Insurance Journal.

Odile Nears Hurricane Strength in Pacific; Edouard Forming in Atlantic
- September 12, 2014, 11:58 am

Tropical Storm Odile may become a hurricane today off Mexico’s Pacific coast, while Tropical Storm Edouard formed in the Atlantic, the U.S. National Hurricane Center said. Odile, with top winds of 60 miles (97 kilometers) per hour, is 245 miles …

The article Odile Nears Hurricane Strength in Pacific; Edouard Forming in Atlantic appeared first on Insurance Journal.

Major League Baseball Balks at Foul Ball Safety Measures
- September 12, 2014, 10:00 am

From his perch in the Atlanta Braves infield on May 20, third baseman Chris Johnson heard what sounded to him like the crack of two bats in quick succession. The first was a line drive off the bat of Milwaukee …

The article Major League Baseball Balks at Foul Ball Safety Measures appeared first on Insurance Journal.

Florida Gets $7 Million in Grants for Health Insurance Navigators
- September 12, 2014, 10:00 am

Three Florida organizations will receive nearly $7 million to help consumers sign up for health insurance during the second enrollment season under the Affordable Care Act. Health and Human Services officials said  that the grants given to the University of …

The article Florida Gets $7 Million in Grants for Health Insurance Navigators appeared first on Insurance Journal.

Houston Nurse Ordered to Return Nearly $40K to Texas Mutual
- September 11, 2014, 11:34 pm

Texas Mutual Insurance Co. reported that a Travis County district court sentenced Raj Dhingra of Houston for workers’ compensation fraud-related charges. Dhingra was sentenced to deferred adjudication and ordered to pay $39,800 in restitution to Texas Mutual. Dhingra reported a job-related …

The article Houston Nurse Ordered to Return Nearly $40K to Texas Mutual appeared first on Insurance Journal.

Northern Missouri Hit by Heavy Rains, Tornadoes
- September 11, 2014, 11:31 pm

A heavy rain storm has left much of northern Missouri facing low-level flooding and cleaning up mostly minor damage caused by tornadoes and high winds. The National Weather Service says 10 inches of rain was reported in Sullivan County near …

The article Northern Missouri Hit by Heavy Rains, Tornadoes 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.