Daily Headlines: Wednesday, October 31, 2012

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October 31, 2012 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Insured Losses From Hurricane Sandy $7-$15 Billion: AIR Worldwide Catastrophe modeling firm AIR Worldwide estimated Tuesday evening that insured losses from Hurricane Sandy to onshore properties in the ... Supreme Court Weighs Key 'Gray' Market Copyright Case Several justices on the U.S. Supreme Court voiced concern on Monday about letting U.S. copyright holders block the resale inside the ... Bank Holding Cos. Set Record in Insurance Brokerage Fee Income: Report Bank holding companies (BHCs) set new records in insurance brokerage fee income in the second quarter and year-to-date (YTD) in the first ... Verisk Insurance Solutions Enhances Foreclosure Alert Product Verisk Insurance Solutions – Underwriting, a unit of Verisk Analytics has added an enhancement to its Foreclosure Alert that identifies ... More National News East Hurricane Sandy Silences Atlantic City's Casinos Hurricane Sandy has silenced the thousands of slot machines and high-rollers who normally crowd the black jack and roulette tables of ... Manhattan Power Outages to Continue for Days: ConEd Residents of lower Manhattan faced up to four days without power on Tuesday as Consolidated Edison, New York City's power provider, ... Vermont 'Lucked Out' in Sandy Hit, but Many Still Powerless Thousands of Vermonters remain without power and schools are closed from one end of the state to the other, but experts say the state was ... N.Y. Gov. Cuomo Says Long Island Hit Hardest by Sandy Power Outages New York Gov. Andrew Cuomo said yesterday that 90 percent of Long Island utility customers were without electricity after Sandy ravaged the ... More East News Midwest 2 Life Terms in Missouri Insurance Agent's Death A St. Louis man was sentenced to two life terms for his part in the robbery and murder of St. Charles, Mo., insurance agent in 2007. Before ... Missouri AG: $36K Settlement with Company for Violating No-Call Law Attorney General Chris Koster announced he has reached a settlement with Innovative Wealth Builders Inc., requiring the Florida business to ... Indiana Company Rebuilding Year After Big Blaze A year after a spectacular fire destroyed its main facility, a Fort Wayne, Ind., company has overcome a series of bureaucratic hurdles and ... Wisconsin Woman Cited for Three DWI Crashes in Three Hours A Verona, Wis., woman has been cited for drunken driving after the 21-year-old allegedly caused three crashes in less than three hours. ... More Midwest News Southeast 1,300 Drivers Convicted of Texting Under Georgia's 2-Year Old Law State records in Georgia show that about 50 drivers a month have been convicted of texting and driving in the two years since a law to ban ... Faulkner Estate in Mississippi Files Copyright Suit Over Quotes in Movie, Ad William Faulkner wrote that the past is never dead. His heirs say their copyright to that phrase is very much alive. The author's literary ... Insurers Say Losses from Sandy Won't Hit Florida Insurance experts say the costs associated with losses from superstorm Sandy in the northeast should not affect Florida homeowners. Sam ... More Southeast News South Central Deals in Louisiana Resolve 'Who Dat?' Trademark Claims Settlements have resolved a Louisiana recording company's claims against two T-shirt vendors and a restaurant over merchandising rights to ... Killian Joins Lockton Dunning Benefits in Dallas Lockton Dunning Benefits announced Josh Killian has joined the Dallas-based health and welfare benefits consulting practice as director of ... HCC Insurance Holdings Reports Record Net Earnings in Q3 Houston-based HCC Insurance Holdings Inc. reported a record $107.1 million in net earnings for the third quarter ended Sept. 30, 2012. By ... More South Central News West Sandy Dominates Southern California PCI Conference The subject of Hurricane Sandy dominated a conference of insurance professionals in Southern California on Tuesday - it was heavily used in ... Viera Joins Woodruff-Sawyer in Southern California San Francisco, Calif.-based Woodruff-Sawyer & Co. named Elena Viera as a vice president of employee benefits for Southern California. ... Lawsuit Over Fatal Washington Ice Cave Collapse Dismissed A federal judge has dismissed a lawsuit over a Washington state ice cave collapse that killed an 11-year-old girl in 2010. Grace Tam was ... Native Seed Shortage Hampers Nevada, Utah Wildfire Recovery High demand for native plant seeds in Nevada and Utah is pushing up the price and leaving short supplies following an extreme wildfire year ... More West News International Canada's Manulife Says Reinsurace Exposure to Hurricane Sandy 'Manageable' Toronto-based Manulife Financial, one of North America's largest insurers, said its exposure to Hurricane Sandy was manageable and within ... Hong Kong Again Named World's Top Financial Centre Hong Kong was named the world's top financial centre for the second year running by the World Economic Forum (WEF), thanks to the strength ... More International News Insurance Journal Blogs Burand's Agency E&O Blog: Tip #15 Review Your E&O Carrier's Requirements for Carrier Writing Standards. There's a myth going around that if an agency writes with a carrier ... More Blogs Join the Insurance Journal Network Insurance Journal TV Market Outlook: Stable But Not Robust Calling today's market a "hard market" would be going too far, says Michael Miller, president... Watch Now No Hard Market Until Economy Improves While many in the industry see a hard or at least firming market, Alan Jay Kaufman is not... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums SEO and buying back links Posted: Wed Oct 31 -- Buying links will not do any good in your site, with the big algo change in the past 6 - 9 months common link building techniques will only... johnywhite brightway insurance brokerage in florida Posted: Tue Oct 30 -- I think 45% is really quite high for Brightway agents to pay for "back office" service and other features of the franchise. Perhaps 25% or... riverman38 Non-profit Posted: Tue Oct 30 -- I'm wondering what other P&C underwriters think of an account I'm familiar with. The risk makes several types of products related to... angleblue63 Motor Cycle dealer WC (CA) Posted: Mon Oct 29 -- RIC is now one of the access points for smaller brokers that no longer have their own State Fund appointments. Two authorized broker access... Santa Rosa Ins Broker Query on Your Work Exclusion under CGL Posted: Mon Oct 29 -- Exclusion J (2) says "this insurance does not apply to property damage to premises you sell, give away or abandon, if hte property damage... Porsh Personal Articles Floater-Midwest Posted: Fri Oct 26 -- You are trying to find someone who has a minimum premium below $250? I can't see where it would cost effective to do that for a carrier.... INTLXS Designation Suggestions Posted: Fri Oct 26 -- Having earned both CIC and the CPCU designations, CIC is basically "Insurance 101" for agency personnel while the CPCU and CRM programs will... earlybird Go to Forums Reader Comments Wisconsin Workplace Shooting Brings Call for New Law on Guns Posted: Wed Oct 24 -- He ignored the restraining order and the laws associated with it - what makes anyone believe that additional legislation will prevent or... An American Health Insurers Nervous Over Prospect of Romney Victory Posted: Tue Oct 30 -- I see and Obama alway's tells us the truth? Bob Car and Deer Collisions Cause 200 Deaths, Cost $4 Billion a Year Posted: Wed Oct 24 -- Another issue that the author fails to mention is the ever expanding deer population due to a lack of predators, either natural or human. Bob Penn. Woman Arrested for Allegedly Adding Coverage While in Ambulance Posted: Fri Oct 26 -- Yes Libby, I can tell the difference between cheering and applause and thunder unlike you and Planet. Crowds attending Romney speeches are... Agent $450K For Fired Southern California Worker Who Tattled On Cocaine Use Posted: Thu Oct 25 -- Don't forget about the "pre-lawsuit" period where a claim is filed giving notice of intent to sue. If there's any time frame required to... Big Mike In CA Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue October 22, 2012 Top Commercial Lines Agencies; Law Firm Directory; Commercial Property; Insurance Geek Issue - What's New in Technology? More Newsletters Choose Newsletters Daily Headlines Weekly Reader Picks Magazine Update Insurance Journal TV Classifieds Breaking News MyNewMarkets Daily Claims Daily Enter Your E-mail Market Directories Excess & Surplus Markets Programs Workers' Comp Markets New Insurance Jobs Experienced Commercial Auto and GL Sales/Processing Rep Customer Service Representative Life Insurance Agent Trucking Insurance Producer/Sales Have a job opening? List it on our Web site. How to Advertise For information about advertising on this newsletter and Insurance Journal magazines, contact Julie Tinney at (800) 897-9965 x148. View our Media Kit for advertising options in our magazines and online properties. Subscribe | Unsubscribe | Send to a Friend | Contact Us Insurance Journal 3570 Camino del Rio North, Suite 200 San Diego, CA 92108 (800) 897-9965 Copyright © 2012 by Wells Media Group, Inc.

Daily Headlines: Tuesday, October 30, 2012

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October 30, 2012 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Hurricane Sandy Losses Expected to Top Irene's Hurricane Sandy appears to have easily caused more losses than last year's Hurricane Irene, but final totals will be hard to come by for ... Hurricane Sandy Delivers Severe But Short-Term Economic Blow: Economists Hurricane Sandy is shaping up to be one of the biggest storms ever to hit the United States but even with the severe damage that is ... P/C Insurers Can Handle Sandy Losses; Flood Program to Bear Brunt Ratings analysts at A.M. Best Co. said  that it is likely that the brunt of Hurricane Sandy's financial impact will fall on the National ... Health Insurers Nervous Over Prospect of Romney Victory You'd think health insurance CEOs would be chilling the bubbly with Republican Mitt Romney's improved election prospects, but instead ... Stock Markets Remain Closed Tuesday; Expected to Reopen Wednesday Month End Hurricane Sandy will close U.S. stock markets for a second day on Tuesday, as Wall Street turned its attention to whether markets would be ... Supreme Court Rejects John Hancock Appeal Over Retirement Plan Lawsuits The U.S. Supreme Court refused on Monday to consider two appeals in a case weighing the ability of tens of millions of Americans to bring ... Preparis, Wells Fargo to Provide Emergency Preparedness Services to Businesses Preparis, a web and mobile emergency preparedness services for businesses, has signed a strategic alliance with Wells Fargo Insurance. As a ... Stock Markets Expected to Remain Closed Tuesday U.S. stock market executives, regulators and brokers have agreed to close the U.S. stock markets on Tuesday because of Hurricane Sandy, ... Markets in Motion: Insuring Wineries The wine industry is a large and diverse market, and it just keeps growing. The U.S. is currently the largest wine maker in... More National News East 9 PM Update: Sandy -- 'Northeast's Katrina'-- Causes Flooding, Blackouts, Downed Trees Sandy, one of the biggest storms ever to hit the United States, roared ashore with fierce winds and heavy rain on Monday near the gambling ... 'Hurricrane' Warning: Manhattan Construction Crane Left Dangling in Sandy's Winds New York City evacuated neighbors of a nearly completed, 90-story luxury apartment building on Monday after the top of a construction crane ... New Jersey Nuclear Plant Declares 'Alert' After Sandy Storm Surge Exelon Corp. declared an "alert" at its New Jersey Oyster Creek nuclear power plant due to a record storm surge, the Nuclear Regulatory ... Hurricane Sandy Expected Ashore Monday Night; Could Be Biggest to Hit U.S. Mainland * Hurricane expected ashore Monday evening in New Jersey * Could be biggest to hit U.S. mainland * New York, Philadelphia and Washington in ... More East News Midwest Arthur J. Gallagher & Co. Acquires Aires Consulting Group Arthur J. Gallagher & Co. has acquired of Aires Consulting Group Inc., headquartered in Batavia, Ill. Terms of the transaction were not ... Schaffler to Lead Lockton Chicago Privately held insurance broker Lockton has named Tom Schaffler as president of its Chicago operation and Tom Pluss as chairman. Schaffler ... Kansas Woman in Campaign Against Texting While Driving Amanda Umscheid of Paxico said she'll never get over knowing that her 19-year-old sister died while sending her a text as she drove near ... More Midwest News Southeast Report Links DuPont West Virginia Plant Chemical, Residents' High Cholesterol A science panel said it has found probable links between high cholesterol in mid-Ohio Valley residents and their exposure to a chemical ... Pro Wrestler Hulk Hogan Settles Florida Lawsuit Over Sex Tape Former pro wrestler Hulk Hogan entered into a legal settlement with a disc jockey over a sex tape involving Hogan and the DJ's wife. A ... More Southeast News South Central Broker Southwest Risk: Dispute with Allied World Settled Insurance broker Southwest Risk LP, based in Dallas, announced it has settled a dispute with Allied World Assurance Co. The announcement ... Louisiana AG: Citizens Insurance Hikes Legal Significant rate increases for state-sponsored wind and hail property insurance policies that Citizens Property Insurance Corp. approved ... Marshall to Lead Wells Fargo Insurance Offices in Houston, San Antonio Wells Fargo Insurance Services has named Karin Marshall senior vice president and managing director for its Houston and San Antonio, Texas, ... More South Central News West The Doctors Co. to Acquire Utah Medical Insurance Association Utah Medical Insurance Association, a provider of medical professional liability insurance for physicians, and The Doctors Co., an insurer ... Social Media Friends Nabbed In Northern California Staged Auto Insurance Fraud Susan Lee, 24, Angelique Jones, 20, and Angela Medeiros, 40, all of Sacramento, Calif. have been arrested on three felony counts each of ... Burnham Benefits Names Two Partners in Southern California Irvine, Calif.-based Burnham Benefits Insurance Services named Melanie Thomas and Dan Excee as equity partners. For the past 13 years, ... Southern California-based Mercury Corp.'s 3Q Net Premiums Up 3.4% Mercury General Corp.'s net premiums written for the third quarter rose 3.4 percent to more than $684 million, the Los Angeles, ... More West News International Hurricane Sandy Unlikely to Trigger Payouts from Catastrophe Bonds Investors who have put their money into specialist financial bonds which cover insurance companies from huge natural disasters are unlikely ... Insurers See Risk in Overuse of Swiss Military Bunkers for Art Storage A metal door set into a mountain in Switzerland offers a way out for fine art investors forced to pay over the odds to insure their ... More International News Join the Insurance Journal Network Insurance Journal TV No Hard Market Until Economy Improves While many in the industry see a hard or at least firming market, Alan Jay Kaufman is not... Watch Now Insurance M&A Climate Today: Mystic's View There have been some noteworthy mergers, especially among wholesalers. And there are signs... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums brightway insurance brokerage in florida Posted: Tue Oct 30 -- I think 45% is really quite high for Brightway agents to pay for "back office" service and other features of the franchise. Perhaps 25% or... riverman38 Non-profit Posted: Tue Oct 30 -- I'm wondering what other P&C underwriters think of an account I'm familiar with. The risk makes several types of products related to... angleblue63 Motor Cycle dealer WC (CA) Posted: Mon Oct 29 -- RIC is now one of the access points for smaller brokers that no longer have their own State Fund appointments. Two authorized broker access... Santa Rosa Ins Broker Query on Your Work Exclusion under CGL Posted: Mon Oct 29 -- Exclusion J (2) says "this insurance does not apply to property damage to premises you sell, give away or abandon, if hte property damage... Porsh Personal Articles Floater-Midwest Posted: Fri Oct 26 -- You are trying to find someone who has a minimum premium below $250? I can't see where it would cost effective to do that for a carrier.... INTLXS Designation Suggestions Posted: Fri Oct 26 -- Having earned both CIC and the CPCU designations, CIC is basically "Insurance 101" for agency personnel while the CPCU and CRM programs will... earlybird Fire Extinguisher/Suppression/Ansul svc Contractor - CA Posted: Fri Oct 26 -- Does anyone have a market for a Fire Extinguisher/Suppression/Ansul Service Contractor. The applicant takes on the jobs, but subcontracts... InsureTime Go to Forums Reader Comments Wisconsin Workplace Shooting Brings Call for New Law on Guns Posted: Wed Oct 24 -- He ignored the restraining order and the laws associated with it - what makes anyone believe that additional legislation will prevent or... An American Penn. Woman Arrested for Allegedly Adding Coverage While in Ambulance Posted: Tue Oct 23 -- Jeff, I am surprised the attorney didn't call you to tell you he was suing you for cancelling his coverage without his permission. You... Agent Car and Deer Collisions Cause 200 Deaths, Cost $4 Billion a Year Posted: Wed Oct 24 -- Another issue that the author fails to mention is the ever expanding deer population due to a lack of predators, either natural or human. Bob Texas Billing Patients Ordered to Hospitals by Court Posted: Tue Oct 23 -- Way to go Texas, now the next step should be billing all of the inmates in prison for the cost of confinement. Don't do the crime if you... Bob $450K For Fired Southern California Worker Who Tattled On Cocaine Use Posted: Thu Oct 25 -- Don't forget about the "pre-lawsuit" period where a claim is filed giving notice of intent to sue. If there's any time frame required to... Big Mike In CA Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue October 22, 2012 Top Commercial Lines Agencies; Law Firm Directory; Commercial Property; Insurance Geek Issue - What's New in Technology? More Newsletters Choose Newsletters Daily Headlines Weekly Reader Picks Magazine Update Insurance Journal TV Classifieds Breaking News MyNewMarkets Daily Claims Daily Enter Your E-mail Market Directories Excess & Surplus Markets Programs Workers' Comp Markets New Insurance Jobs Experienced Commercial Auto and GL Sales/Processing Rep Customer Service Representative Life Insurance Agent Trucking Insurance Producer/Sales Have a job opening? List it on our Web site. How to Advertise For information about advertising on this newsletter and Insurance Journal magazines, contact Julie Tinney at (800) 897-9965 x148. View our Media Kit for advertising options in our magazines and online properties. Subscribe | Unsubscribe | Send to a Friend | Contact Us Insurance Journal 3570 Camino del Rio North, Suite 200 San Diego, CA 92108 (800) 897-9965 Copyright © 2012 by Wells Media Group, Inc.

Insurance Journal TV: Market Outlook: Stable But Not Robust

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October 30, 2012 Feature Video Market Outlook: Stable But Not Robust Calling today's market a "hard market" would be going too far, says Michael Miller, president and chief operating officer of Scottsdale Insurance. As the economy improves, so... Watch Now Popular Videos Emily Huling on How to Sell In a Hard Market Career Advice for Brokers: Generalist or Specialist? More Insurance Videos Watch InsuranceJournal.tv Subscribe to our iTunes Channel Subscribe | Unsubscribe | Send to a Friend | Contact Us Insurance Journal 3570 Camino del Rio North, Suite 200 San Diego, CA 92108 (800) 897-9965 Copyright © 2012 by Wells Media Group, Inc.