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Today’s Insurance News
Source: Insurance Journal
High Stakes in Today’s Supreme Court Case on Obamacare Subsidies
- March 4, 2015, 11:40 am

U.S. hospital companies and health insurers face the highest corporate stakes when the Supreme Court hears arguments Wednesday to decide the fate of Obamacare’s subsidies that help people buy health coverage. Since the law’s 2010 signing, shares of HCA Holdings …

The article High Stakes in Today’s Supreme Court Case on Obamacare Subsidies appeared first on Insurance Journal.

MENA Insurance CEO Club Expands as Regional AIG, Zurich Heads Join
- March 4, 2015, 10:40 am

The MENA Insurance CEO Club (MICC), an exclusive industry group that supports the insurance industry in the region, announced that Michael Jensen, Managing Director, MENA with AIG and Brian Reilly, CEO of Zurich Insurance Middle East have joined the group …

The article MENA Insurance CEO Club Expands as Regional AIG, Zurich Heads Join appeared first on Insurance Journal.

Management Changes as XL and Catlin Gear-up for Deal Closure
- March 4, 2015, 9:16 am

Reports in London’s insurance trade press, led by the Insurance Insider, have detailed a number of prospective management changes to take place when XL’s acquisition of Catlin is finalized, probably before the end of the second quarter of 2015. Although …

The article Management Changes as XL and Catlin Gear-up for Deal Closure appeared first on Insurance Journal.

Aon Risk Solutions Identifies 5 Big Geopolitical Risks for 2015
- March 4, 2015, 9:07 am

Critical events of early 2015 – cheap oil and Middle East violence – will probably continue to take their toll as the year goes on, according to a new projection of geopolitical hotspots. Lower overall prices for commodities may hurt the …

The article Aon Risk Solutions Identifies 5 Big Geopolitical Risks for 2015 appeared first on Insurance Journal.

Crop Insurance Guarantees to Drop: Analysts
- March 4, 2015, 9:00 am

Crop insurance price guarantees for U.S. corn, soybeans and spring wheat in 2015 will fall 10 percent or more based on futures settlement prices for February, grain analysts said on Friday. The U.S. Department of Agriculture’s (USDA) Risk Management Agency (RMA), which oversees …

The article Crop Insurance Guarantees to Drop: Analysts appeared first on Insurance Journal.

China Says Tech Firms Have Nothing to Fear From Draft Anti-Terror Law
- March 4, 2015, 8:26 am

China’s proposed anti-terrorism law will not affect the legitimate interests of technology firms, a top Chinese spokeswoman said Wednesday after U.S. President Barack Obama warned of its impact and demanded amendments. China’s proposals, which would require tech firms to provide encryption keys and …

The article China Says Tech Firms Have Nothing to Fear From Draft Anti-Terror Law appeared first on Insurance Journal.

ING Plans $2 Billion Sale of Voya Stock to End Investment in U.S. Insurer
- March 4, 2015, 7:49 am

ING Groep NV, the biggest Dutch bank, said it will end an investment in its former U.S. insurance unit, Voya Financial Inc., by selling 45.6 million shares. Voya will repurchase $600 million of its shares in connection with the offering, …

The article ING Plans $2 Billion Sale of Voya Stock to End Investment in U.S. Insurer appeared first on Insurance Journal.

China: Domestic Insurers Must Boost Capital to Cover Shadow-Banking Risk
- March 4, 2015, 7:38 am

China’s Premier Li Keqiang has told the world’s fastest-growing major insurance industry to boost capital as rating companies warn of shadow-banking investments. Policy providers will need cushions commensurate with their risks rather than just size, the industry regulator said Feb. 17 …

The article China: Domestic Insurers Must Boost Capital to Cover Shadow-Banking Risk appeared first on Insurance Journal.

Crop Insurance Deadline Nears for West Virginia Farmers
- March 4, 2015, 6:25 am

A deadline is approaching for West Virginia farmers to buy insurance for crops planted in the spring. March 15 is the closing date to either buy crop insurance or change an existing policy. The U.S. Department of Agriculture’s Risk Management …

The article Crop Insurance Deadline Nears for West Virginia Farmers appeared first on Insurance Journal.

Hilb Group Acquires Florida-Based West Coast Insurance
- March 4, 2015, 5:38 am

The Hilb Group, LLC (THG) has acquired West Coast Insurance (WCI) of Tampa, Fla. The transaction became effective on March 1. WCI will continue to operate at its current location under the leadership of previous owner and president, George Lackey. …

The article Hilb Group Acquires Florida-Based West Coast Insurance appeared first on Insurance Journal.

Who Is Tough Enough for a Conference in Wintry Boston?
Andrew G. Simpson - March 3, 2015, 6:45 pm

It was 78 degrees and sunny yesterday when Tammy Perdue was packing her suitcase and the local forecast called for more of the same all week. Perdue, general counsel for Associated Industries of Florida (AIF) in Tallahassee, is on her …

The article Who Is Tough Enough for a Conference in Wintry Boston? appeared first on Insurance Journal.

LP Insurance Taps Hicks for Northern Nevada Team
- March 3, 2015, 6:34 pm

Reno, Nev.-based LP Insurance Services Inc. has named Terrin Hicks to its northern Nevada sales team. Hicks is responsible for developing new business relationships, and retaining and servicing existing clients. Hicks, formerly an assistant store leader at Scheels Sporting Goods, …

The article LP Insurance Taps Hicks for Northern Nevada Team appeared first on Insurance Journal.

Midwest, Plains Likely to See Economic Growth: Report
- March 3, 2015, 5:33 pm

Economic growth lies ahead for nine Midwestern and Plains states despite pullbacks in the energy sector, according to a monthly report released on March 2. The overall Mid-America Business Conditions Index climbed to 57.0 in February from 54.8 in January, …

The article Midwest, Plains Likely to See Economic Growth: Report appeared first on Insurance Journal.

Estimate of Vandalism Damage at Michigan Ski Resort Quadruples
- March 3, 2015, 5:24 pm

The general manager of a ski resort vandalized by University of Michigan students estimates the total damage is about four times the original estimate. Barry Owens of Treetops Resort in Gaylord tells the Detroit Free Press the price tag will …

The article Estimate of Vandalism Damage at Michigan Ski Resort Quadruples appeared first on Insurance Journal.

Exxon Hit with Lawsuit in Louisiana over Denied Tainted Fuel Claims
- March 3, 2015, 5:20 pm

ExxonMobil has paid more than $4.6 million to nearly 2,900 motorists impacted by the company’s production of more than 5 million gallons of tainted fuel distributed in the Baton Rouge area in March 2014. “ExxonMobil proactively honored all valid claims …

The article Exxon Hit with Lawsuit in Louisiana over Denied Tainted Fuel Claims appeared first on Insurance Journal.

N.J. Congressman Calls for FEMA Chief’s Resignation
- March 3, 2015, 5:19 pm

A New Jersey congressman is asking for the resignation of Federal Emergency Management Agency (FEMA) Administrator W. Craig Fugate and an immediate investigation into FEMA after reports that FEMA was aware of allegedly fraudulent engineering reports that may have been …

The article N.J. Congressman Calls for FEMA Chief’s Resignation appeared first on Insurance Journal.

Talbert Named CEO of Texas-Based Insurors Indemnity Cos.
- March 3, 2015, 5:14 pm

Waco, Texas-based Insurors Indemnity Companies named Dave Talbert as president and chief executive officer effective March 1. Talbert joined Insurors Indemnity in February 2014 with more than 25 years of industry experience, having previously been president and CEO of Hochheim Prairie …

The article Talbert Named CEO of Texas-Based Insurors Indemnity Cos. appeared first on Insurance Journal.

CIA-Leavitt and Ewing-Leavitt Merge in Colorado
- March 3, 2015, 5:10 pm

CIA-Leavitt Insurance Agency and Ewing-Leavitt Insurance Agency, both Leavitt Group affiliates, have merged their Colorado Springs, Colo. offices. The merged agency will be located in the CIA-Leavitt office at 5585 Erindale Dr. in Colorado Springs. This change will not affect …

The article CIA-Leavitt and Ewing-Leavitt Merge in Colorado appeared first on Insurance Journal.

AmTrust Financial Services Completes CorePointe Insurance Acquisition
- March 3, 2015, 5:10 pm

AmTrust Financial Services Inc. has completed the acquisition of Michigan-based CorePointe Insurance Co. Established in 1964, and located in Birmingham, Mich., CorePointe is a specialty property/casualty insurance company that markets commercial package insurance products primarily to automobile and motorcycle dealerships …

The article AmTrust Financial Services Completes CorePointe Insurance Acquisition appeared first on Insurance Journal.

Safety Probe Underway of Montana Plant Fire That Burned 3
- March 3, 2015, 4:06 pm

Wyoming workplace safety officials say they’re investigating a fire that burned three men at a chemical plant that manufactures explosives near Cheyenne. The fire happened Thursday morning at the Dyno Nobel plant a couple miles west of town. Wyoming Department …

The article Safety Probe Underway of Montana Plant Fire That Burned 3 appeared first on Insurance Journal.

Man With Four Times BAC in Montana Crash Admits to 10th DUI
- March 3, 2015, 4:04 pm

A man who caused a wreck in Billings, Mont. in December while driving with a blood alcohol concentration four times the legal limit has pleaded guilty to his 10th DUI. David South also pleaded guilty to felony criminal endangerment for the crash …

The article Man With Four Times BAC in Montana Crash Admits to 10th DUI appeared first on Insurance Journal.

Lawsuit in 2011 Nevada Gold Mine Death Settled
- March 3, 2015, 3:52 pm

A lawyer for the Utah family of a contract worker at a Nevada gold mine that paid more than $100,000 in U.S. safety fines after he was killed there in 2011 says they’ve settled a wrongful death suit with Newmont …

The article Lawsuit in 2011 Nevada Gold Mine Death Settled appeared first on Insurance Journal.

Internal Corporate Whistleblowers Swayed by Protections, Not Pay: Study
- March 3, 2015, 3:22 pm

Offering monetary incentives does not necessarily influence whistleblowing behavior and might even discourage internal reporting, according to new research. Researchers at North Carolina State University and Bucknell University found that while strong anti-retaliation policies can encourage employees to notify internal …

The article Internal Corporate Whistleblowers Swayed by Protections, Not Pay: Study appeared first on Insurance Journal.

Hurricane Sandy Victims Reach First Set of FEMA Insurance Settlements
- March 3, 2015, 2:48 pm

Federal disaster assistance officials have begun reaching settlements with more than 1,000 Hurricane Sandy victims who allege they were unfairly denied flood insurance claims or paid too little for them. Lawyers for property owners told federal magistrate judges overseeing lawsuits …

The article Hurricane Sandy Victims Reach First Set of FEMA Insurance Settlements appeared first on Insurance Journal.

Schinnerer Names Telez, Collins to Senior Posts in Professional Liability
- March 3, 2015, 1:57 pm

Specialty underwriting manager Victor O. Schinnerer & Co.has made two senior appointments in its professional liability line. Jill Tellez has joined the firm in the newly created position of senior vice president, Professional Liability leader. In this new role, Tellez …

The article Schinnerer Names Telez, Collins to Senior Posts in Professional Liability appeared first on Insurance Journal.

It’s Easy to Get Hacked: Just Connect to Fraudulent Wireless Hotspots
- March 3, 2015, 1:46 pm

If anyone attending the Mobile World Congress in Barcelona this week doubts how easy it is to hack smartphones and tablets, Filip Chytry and his team plan to set them straight. By hacking into their devices. Chytry’s company, Prague’s Avast …

The article It’s Easy to Get Hacked: Just Connect to Fraudulent Wireless Hotspots appeared first on Insurance Journal.

Insurance Journal, Channel Harvest Launch Survey on Agent-Carrier Relationships
- March 3, 2015, 1:37 pm

Channel Harvest Research, in partnership with Insurance Journal, is conducting its 2015 national survey of agents’ attitudes about their carrier partners. This is the seventh annual study on key aspects of the property/casualty independent agent-carrier relationship. Agents and brokers have …

The article Insurance Journal, Channel Harvest Launch Survey on Agent-Carrier Relationships appeared first on Insurance Journal.

Georgia’s State Bank & Trust Acquires Boyett Agency, Creates Insurance Division
- March 3, 2015, 11:00 am

State Bank and Trust Co., a wholly-owned subsidiary of State Bank Financial Corp., has launched an insurance division to offer State Bank customers a range of personal and commercial insurance products. State Bank enters the insurance business through the acquisition …

The article Georgia’s State Bank & Trust Acquires Boyett Agency, Creates Insurance Division appeared first on Insurance Journal.

One-Quarter of British SMEs Fail to Read Their Full Insurance Policy: Research
- March 3, 2015, 9:56 am

Research conducted for the British Insurance Brokers’ Association (BIBA) found that leaders of British small and medium-sized enterprises (SMEs) do not always read their insurance documents, with over one quarter (29 percent) admitting that they never read the entire policy. …

The article One-Quarter of British SMEs Fail to Read Their Full Insurance Policy: Research appeared first on Insurance Journal.

MSIG at Lloyd’s Launches Bloodstock Account With 2 Appointments
- March 3, 2015, 9:42 am

MSIG at Lloyd’s has moved into the bloodstock market with the appointment of specialist underwriters Rebecca Attridge and Phil Needham. Attridge and Needham both report to Caroline Koczerzat, underwriting manager, marine. The appointments mean the Syndicate 3210 now offers a …

The article MSIG at Lloyd’s Launches Bloodstock Account With 2 Appointments appeared first on Insurance Journal.

Southwest Risk, LP is proud of the many new team members who joined the company in 2014 and January 2015: Catherine Butschek, Jackie Cavazos, Theresa Dworaczyk, Presten Ellsworth, Shannon Flowers, Mike Harris, Wade Kotrla, Kat Krasner, Holly May, Andrew Taylor, Ryan Taylor, Chad Thibodeaux and Wade Wrobel.

2015 is on target to be another exciting year of growth and expansion. We are ready start construction on a new Houston office and continue to actively recruit seasoned insurance professionals to join our winning team!