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Today’s Insurance News
Source: Insurance Journal
Connecticut Family Sues Over School’s Ebola Fears
- October 31, 2014, 2:43 am

The father of a Connecticut third-grader filed a federal lawsuit Tuesday saying his daughter has been unfairly barred from school amid fears she may have been exposed to the Ebola virus while in Africa. Ikeoluwa Opayemi and her family, who …

The article Connecticut Family Sues Over School’s Ebola Fears appeared first on Insurance Journal.

Regulator Takes Focus on Climate Change Preparedness
Don Jergler - October 30, 2014, 11:59 pm

With a calm demeanor and in a somewhat scientific tone he doesn’t mind using while explaining his stance on something, Mike Kreidler stood by his decision to call out the insurance industry and the rest of the nation’s insurance commissioners …

The article Regulator Takes Focus on Climate Change Preparedness appeared first on Insurance Journal.

Boston Mayor: City Made Significant Strides in Preparing for Climate Change
- October 30, 2014, 9:51 pm

Boston has made significant strides in preparing for major natural disasters, rising sea levels and other impacts to the ever-changing climate, Mayor Martin Walsh said on the two-year anniversary of Superstorm Sandy. Speaking at the Architecture Boston Expo at the …

The article Boston Mayor: City Made Significant Strides in Preparing for Climate Change appeared first on Insurance Journal.

Integro Hires Stearns as Global Marine Practice Principal in New York
- October 30, 2014, 7:49 pm

Insurance brokerage and risk management firm Integro hired Robert Stearns as a principal for the firm’s Global Marine practice in New York. He is responsible for the design, structure, placement and servicing of marine liability and marine hull insurance programs. …

The article Integro Hires Stearns as Global Marine Practice Principal in New York appeared first on Insurance Journal.

Selective Insurance’s Q3 Profit Rises 63% to $53M
- October 30, 2014, 7:46 pm

Selective Insurance Group reported $53.2 million net income for its 2014 third quarter, a 62.7 percent increase from $32.7 million net income during the third quarter of 2013. The Branchville, New Jersey-based insurer’s operating income for the third quarter was …

The article Selective Insurance’s Q3 Profit Rises 63% to $53M appeared first on Insurance Journal.

D.C. Council Passes Bill Regulating Rideshare Firms
- October 30, 2014, 5:29 pm

The D.C. Council has approved a bill that regulates popular ridesharing companies such as Uber and Lyft. The bill gained initial approval on Tuesday by a 12-1 vote. Among other things, it would require that drivers for smartphone-based vehicle-for-hire services …

The article D.C. Council Passes Bill Regulating Rideshare Firms appeared first on Insurance Journal.

Hanover Insurance’s Q3 Net Income Falls 10% to $55M
- October 30, 2014, 4:59 pm

The Hanover Insurance Group Inc. reported $54.9 million net income for its 2014 third quarter, a 10.4 percent decline compared with $61.3 million net income during the third quarter of 2013. The Worcester, Massachusetts-based insurer’s earnings were dampened by what …

The article Hanover Insurance’s Q3 Net Income Falls 10% to $55M appeared first on Insurance Journal.

Anchor P&C Is Newest Florida Homeowners Insurance Carrier
- October 30, 2014, 4:54 pm

Anchor Property and Casualty Insurance Co. became licensed by the Florida Office of Insurance Regulation (OIR) on Oct. 28 to write homeowners insurance business in the state. At the same time, the company has been approved to assume approximately 50,000 …

The article Anchor P&C Is Newest Florida Homeowners Insurance Carrier appeared first on Insurance Journal.

Jordan Wins FIWT Leadership Award from Litchfield Special Risks
- October 30, 2014, 4:47 pm

Cindy Jordan, of Barnard Insurance Group in Wichita Falls, Texas, won the FIWT Leadership Award sponsored by Litchfield Special Risks Inc., the company announced. This is the second year the award has been presented to a member of the Federation …

The article Jordan Wins FIWT Leadership Award from Litchfield Special Risks appeared first on Insurance Journal.

A.M. Best Assigns ‘A’ Rating to Missouri’s American Shield Insurance
- October 30, 2014, 4:37 pm

A.M. Best announced it assigned a financial strength rating of A (Excellent) and an issuer credit rating of “a+” to American Shield Insurance Co. (American Shield) in Columbia, Mo. The outlook assigned to both ratings is stable. The ratings reflect the implementation …

The article A.M. Best Assigns ‘A’ Rating to Missouri’s American Shield Insurance appeared first on Insurance Journal.

Houston Bus Company Owner Gets Probation for Fatal Crash in 2008
- October 30, 2014, 4:35 pm

The owner of a Houston bus company who was charged after a 2008 crash that killed 17 passengers on their way to a religious retreat has avoided prison after a federal judge sentenced him to three years of probation in …

The article Houston Bus Company Owner Gets Probation for Fatal Crash in 2008 appeared first on Insurance Journal.

2 Years After Sandy: Sea Bright, N.J., Prepares for Next Big Storm
Wayne Parry - October 30, 2014, 4:34 pm

Sea Bright, New Jersey, is a great example of how difficult it is to truly prepare a Jersey shore community for the next big storm. The low-lying community on a narrow strip of sand between the ocean and the Shrewsbury …

The article 2 Years After Sandy: Sea Bright, N.J., Prepares for Next Big Storm appeared first on Insurance Journal.

Mediation Ordered in Suit Against Texas Guardrail Maker
- October 30, 2014, 4:28 pm

A federal judge has ordered mediation between a Texas company and a whistleblower who won a $175 million verdict over a design change in the company’s highway guardrails. Critics say the change made it more likely that cars could be …

The article Mediation Ordered in Suit Against Texas Guardrail Maker appeared first on Insurance Journal.

Florida Approves Up to 183K Takeouts from Citizens for 2015
- October 30, 2014, 4:28 pm

The Florida Office of Insurance Regulation (OIR) has approved the removal of up to 180,040 personal residential policies and 2,527 commercial residential polices from Citizens Property Insurance Corp. The OIR said these are the first take-outs approved for 2015. The …

The article Florida Approves Up to 183K Takeouts from Citizens for 2015 appeared first on Insurance Journal.

Corps Sued over Cost of Louisiana Wetland Restoration
- October 30, 2014, 4:26 pm

The U.S. Army Corps of Engineers should bear the full $2.9 billion cost of restoring wetland damage blamed on poor maintenance of the now-closed Mississippi River Gulf Outlet, Louisiana coastal restoration officials say in a federal lawsuit. The suit was …

The article Corps Sued over Cost of Louisiana Wetland Restoration appeared first on Insurance Journal.

California Drought Bad Tidings for Rice Harvest
- October 30, 2014, 4:25 pm

California’s deepening drought is shrinking its rice harvest, and that’s bad news for farmers, migratory birds and sushi lovers. The $5 billion industry exports rice to more than 100 countries and specializes in premium grains used in risotto, paella and …

The article California Drought Bad Tidings for Rice Harvest appeared first on Insurance Journal.

19 Lawsuits Filed Against NW Indiana Cardiologists
- October 30, 2014, 4:24 pm

Nineteen new lawsuits and a complaint with the Indiana Attorney General’s Office have been filed against three northwestern Indiana cardiologists and a hospital, alleging that open-heart surgeries and other procedures were performed unnecessary, lawyers said. The lawsuits were filed either …

The article 19 Lawsuits Filed Against NW Indiana Cardiologists appeared first on Insurance Journal.

Feds Charge Iowa Man in $2.7M Illinois Insurance Fraud Case
- October 30, 2014, 4:22 pm

Federal authorities say an Iowa man has been charged with defrauding his former employer in Illinois of at least $2.7 million. U.S. Attorney Jim Lewis said 47-year-old Dominic Scodeller of Davenport, Iowa, was arrested on charges of fraud and money …

The article Feds Charge Iowa Man in $2.7M Illinois Insurance Fraud Case appeared first on Insurance Journal.

Healthcare Overhaul Boosts Earnings at Insurer WellPoint
- October 30, 2014, 4:19 pm

Indianapolis, Ind.-based WellPoint raised its 2014 earnings forecast again and trumped third-quarter expectations as the overhaul of the healthcare system adds millions to the nation’s health insurance rolls, and at a lower cost than was expected at the nation’s second …

The article Healthcare Overhaul Boosts Earnings at Insurer WellPoint appeared first on Insurance Journal.

Mississippi to Test Guardrails After Texas Jury Finding
- October 30, 2014, 4:17 pm

State transportation officials are investigating where faulty guardrails have been installed along Mississippi roadways. Trinity Industries Inc. stopped shipments of its ET-Plus guardrails after Texas jury ordered to pay at least $175 million for misleading regulators. A whistleblower says the …

The article Mississippi to Test Guardrails After Texas Jury Finding appeared first on Insurance Journal.

Mississippi City Opposes Ridesharing Firm Uber
- October 30, 2014, 4:07 pm

Officials in Oxford, Mississippi are trying to stop the ridesharing company Uber from operating in the city. Uber Technologies Inc. provides a smartphone app that allows people to order rides in privately driven cars instead of taxis. Uber drivers use …

The article Mississippi City Opposes Ridesharing Firm Uber appeared first on Insurance Journal.

Politics of Ebola Response Tricky for Christie, Cuomo
- October 30, 2014, 4:00 pm

Two ambitious governors — one Republican, one Democrat — known for their no-nonsense, take-charge style in a calamity have set off a furor with their aggressive handling of the Ebola crisis, and how it plays out could shape their political …

The article Politics of Ebola Response Tricky for Christie, Cuomo appeared first on Insurance Journal.

NTSB: Southwest Pilot Took Controls From Co-Pilot Before NYC Crash
- October 30, 2014, 3:45 pm

The co-pilot of a Southwest Airlines Co. plane that crash landed at New York’s LaGuardia Airport in July 2013 said the captain put her hand on his as he was controlling the throttles and reduced the plane’s power. Only after …

The article NTSB: Southwest Pilot Took Controls From Co-Pilot Before NYC Crash appeared first on Insurance Journal.

Judge: Sailors Can Sue California Company Over Fukushima Exposure
- October 30, 2014, 3:41 pm

U.S. Navy personnel who were exposed to radiation from Japan’s wrecked Fukushima plant during earthquake and tsunami relief efforts in 2011 can sue the power station’s operator in California, a court ruled. U.S. District Judge Janis L. Sammartino in San …

The article Judge: Sailors Can Sue California Company Over Fukushima Exposure appeared first on Insurance Journal.

EEOC Challenges Employee Wellness Penalties in Suit Against Honeywell
- October 30, 2014, 2:19 pm

The U.S. Equal Employment Opportunity Commission has sued Honeywell International Inc. to stop the company from imposing penalties on employees who refuse to undergo testing under its corporate wellness program. The lawsuit is the third case since August filed by …

The article EEOC Challenges Employee Wellness Penalties in Suit Against Honeywell appeared first on Insurance Journal.

Korean Regulators: Insurers Must Boost Capital to Prepare for Aging Population
- October 30, 2014, 1:04 pm

South Korea’s insurers have been told by regulators to boost capital to prepare for an aging population, with the United Nations predicting a world-beating average life expectancy of 95.5 years by the end of the century. The Financial Supervisory Service …

The article Korean Regulators: Insurers Must Boost Capital to Prepare for Aging Population appeared first on Insurance Journal.

Commercial Rocket Explosion Draws Attention to Space Industry Risk, Oversight
- October 30, 2014, 1:00 pm

A NASA advisory panel said earlier this year that inadequate funding jeopardized the safety of commercial space cargo shipments, such as the unmanned Orbital Sciences Corp. mission that exploded this week over Virginia. In its annual report released in January, …

The article Commercial Rocket Explosion Draws Attention to Space Industry Risk, Oversight appeared first on Insurance Journal.

Supreme Court Considers Taking Obamacare Tax Credit Case
- October 30, 2014, 12:45 pm

The fate of President Barack Obama’s healthcare law is again in the hands of the U.S. Supreme Court. Two years after upholding the law by a single vote, the justices are weighing whether to hear a Republican-backed appeal that would …

The article Supreme Court Considers Taking Obamacare Tax Credit Case appeared first on Insurance Journal.

Chubb: No Operations or Employees in U.S. Blacklisted Countries
- October 30, 2014, 12:38 pm

Chubb Corp. has distanced itself from insurance adjusters in Sudan and Syria after a U.S. Securities and Exchange Commission inquiry into business in nations blacklisted by the U.S. because of terrorism ties. The third-party adjusters who examine marine claims are …

The article Chubb: No Operations or Employees in U.S. Blacklisted Countries appeared first on Insurance Journal.

MetLife to Continue Fight Against Systemic Risk Designation Next Week
- October 30, 2014, 12:24 pm

MetLife will plead against being branded a super-risky financial firm at a meeting next week with regulators, a company spokesman said, as the U.S. insurer tries to escape oversight by the Federal Reserve. The Financial Stability Oversight Council, a group …

The article MetLife to Continue Fight Against Systemic Risk Designation Next Week 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.