Daily Headlines: Tuesday, September 10, 2013

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September 10, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Allstate CEO Says GEICO Could Strugggle with Storefront Strategy Allstate Corp. Chief Executive Officer Tom Wilson, whose company lost car insurance market share in the last three years, said competitor ... Commercial Insurance Prices Sill Rising: Towers Watson Commercial insurance prices rose by six percent in aggregate during the second quarter of 2013, marking the 10th consecutive quarter of ... Poll Finds Skepticism But Suggests Healthy Young Adults May Keep Obamacare Afloat Korey Kormick, 29, has not had health insurance for at least a decade. His job, as a contract employee directing chess tournaments and ... JP Morgan, Assurant Settle Force-Placed Insurance Claims for $300M JPMorgan Chase & Co and a major insurer have agreed to a $300 million settlement to resolve accusations that they forced homeowners into ... Ironshore, Highland Risk Services form Partnership for Continuing Care Coverage Insurance wholesaler Highland Risk Services has partnered with Ironshore to provide liability insurance for the Empirical Risk program, ... Carriers Urged to End Cyber Exclusion Clause for Energy Firms: Marsh Continuing uncertainty surrounding the application of cyber-exclusion clauses is eroding the value of insurance and causing mounting concern... A.M. Best Weighs In With New Concerns on Aon-Berkshire Type Deals Underwriting risk management practices could loosen up as insurers join forces with major brokers on what A.M. Best... More National News East Insurance Pros in Politics: Insurance Veterans Elect to Also Work in State Legislatures Running a successful insurance agency business is tough enough by itself but some insurance pros are taking it one step further. They ... FEMA's Latest Data on Federal Assistance for N.J.'s Sandy Recovery The Federal Emergency Management Agency this week published its latest data on ongoing federal assistance for New Jersey's recovery from ... Coming Year Will See Big Changes at WTC Site in New York Twelve years after terrorists destroyed the old World Trade Center, the new one is becoming a reality, with a museum remembering the ... Some Small N.J. Marinas Still Waiting for Sandy Aid Nearly a year after Superstorm Sandy hit New Jersey, some small marina owners are still waiting for money to help rebuild their shattered ... More East News Midwest Insurance Pros in Politics: Midwest Politicians Work as Insurance Advocates Those who have worked in the insurance industry and now practice politics in the Midwest say they are able to provide valuable insight into ... Iowa Health Insurance Exchange Price Info Delayed Iowa's insurance commissioner says he needs a commitment from a national insurer before he can release pricing information on policies to ... Manufacturer to Pay $1.3M in Penalties, Fines for Worker Death in South Dakota Federal officials announced that Adams Thermal Systems Inc. has agreed to pay more than $1.33 million to resolve criminal penalties and ... More Minnesota Farms Relying On Irrigation Alan Peterson is among a growing number of Minnesota farmers are relying on irrigation to ensure they can produce a crop when the weather ... American Westbrook Appoints New Director of Communications Westchester, Ill.-based American Westbrook Insurance Services LLC, a full-service insurance brokerage firm, has appointed Christine Seitz ... More Midwest News Southeast West Virginia Municipalities Eye Lien on Insurance Payments to Combat Blight Municipalities in West Virginia are asking lawmakers for help in their battle against blight. A resolution endorsed by the West Virginia ... Insurance Pros in Politics: Georgia's Kingston Brought His CPCU to Congress Jack Kingston is U.S. Representative for the First Congressional District of Georgia, which encompasses 17 counties in Southeast Georgia ... Florida-Based Lighthouse Property Insurance Names Moore Executive VP Lighthouse Property Insurance Corp. reported that Scot Moore has been named as the firm's new executive vice president. Moore's accounting ... More Southeast News South Central Insurance Pros in Politics: Insurance Good Training Ground for Political Leadership When it comes to current or former occupations of state and federal lawmakers, that of insurance producer is not one of the most commonly ... Appeals Court Rules Against Louisiana Abortion Providers in Liability Case A federal appeals court has ruled that a group of Louisiana abortion providers lack the standing to challenge part of a 1997 law that can ... 1st Team Partners with Aon Cornerstone in Louisiana 1st Team Insurance Agency announced a strategic partnership with Aon Cornerstone, a business unit of Aon plc, which focuses on fostering ... Rebel Claimants In BP Spill Settlement Get Expedited Hearing A U.S. appeals court will hold an expedited hearing for a small group of claimants in a Gulf spill settlement with BP Plc, with oral ... Sinkhole in Oklahoma City Swallows Car; No Injuries A sinkhole that opened up alongside a downtown Oklahoma City street has swallowed a car, but the car's two occupants escaped unharmed. The ... Krauter & Company Brings Brokerage Services to Texas Krauter & Company has added a 10th U.S. base of operations with the addition of a new office in Houston. The Texas-based team will focus ... More South Central News West Oregon Marketing Firm Grades Digital, Social Media Efforts When it comes to digital and social media marketing there's a lot of white noise, with plenty of consultants, authorities, know-it-alls and ... Insurance Pros in Politics: Agent Ted Gaines Eyes California Commissioner Seat From agent to politician state Sen. Ted Gaines wants back in the insurance business - this time as the state's top regulator of the ... PG&E to Settle Remaining Pipeline Explosion Claims in Northern California PG&E Corp., owner of California's largest utility, said it will settle "substantially all" remaining personal injury and property damage ... Fireman's Fund Taps Golden In California Michael P. Golden has joined Novato, Calif.-based Fireman's Fund as a strategic relationship manager. Golden will be responsible for ... Main Street America Expands Commercial Products to Austin Mutual Agents in Oregon The Main Street America Group has introduced its commercial product line, featuring its flagship main line business owners policy (Main ... Poms Names Slotkin Vice President in Southern California Poms & Associates Insurance Brokers Inc. named Matthew Slotkin vice president of new business development in the Woodland Hills, Calif. ... More West News International Hannover Re Agrees: No Change in Most Reinsurance Rates in 2014 Renewals Hannover Re, the world's third- largest reinsurer, said it expects reinsurance rates at price negotiations for January renewals to remain ... New Capital Means Big Disaster Won't Boost Reinsurance Rates: Lloyd's CEO Even a major disaster would be unlikely to push up reinsurance prices given the amount of capital currently available to back policies, ... Bermuda Under Tropical Storm Warning for Gabrielle Tropical Storm Gabrielle reformed in the Atlantic south of Bermuda, which can expect high winds, rough surf and rain later today, according ... Willis Launches New Policy to Cover Repatriation Costs for Stranded Seafarers Willis Group Holdings has launched a new liability insurance policy to cover the costs associated with repatriating stranded seafarers. The ... U.K. Probing 2 Banks Over Payment Protection Insurance Claims The U.K.'s markets regulator is investigating allegations that banks are dismissing claims for payment protection insurance compensation. ... More International News Sponsored Content Atlas General Insurance Services, LLC, Announces Its Expansion into Tennessee with Opening of Dedicated Marketing Office San Diego, CA, 9/10/13 - Atlas General Insurance Services, LLC, a national multi-line program manager, is pleased to announce the opening ... More Sponsored Content Insurance Journal Blogs A Blog on Blogging To do a little research into the history of blogging, I just did a Google search and found 13,000,000,000 results for a word that didn't ... More Blogs Join the Insurance Journal Network Insurance Journal TV California Assemblyman Mixes Insurance and Politics Assemblyman Ken Cooley, D-Rancho Cordova, started his insurance career in the 1970s working on... Watch Now Opportunity in ACA Reprieve Shawn P. Pynes, a principal with Barney & Barney LLC in San Diego, sees the temporary reprieve... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Credit Card Processing Posted: Tue Sep 10 -- Sorry, this will sound as a really stupid question but I am on the doors of opening my first insurance agency and was just passing by the... manny79 CA_International Retention BOND Posted: Mon Sep 9 -- We are hoping that someone would be able to refer us to a surety that can transact with South Africa. Our CA based manufacturer is hoping to... Miguelito Anyone worked with Consolidated Agency Partners? Posted: Mon Sep 9 -- Hi, I'm a new agent and have been looking for clusters that will work with start ups. I came across Consolidated Agency Partners. They seem... agentnewbie Insurance agencies for sale ? Posted: Mon Sep 9 -- Thanks I'm trying to on the East Coast for now. Thanksl CoJones Travelers reducing commissions Posted: Mon Sep 9 -- Yep, confirmed with my sales rep. Should be rolling out in Texas sometime after the start of the new year. 12% new and renewal. I still... Smalltownagent Non-for-profit Volunteer Coverge Posted: Mon Sep 9 -- I have Non-for profit that use volunteer's to help out at various events during the year. They currently carry GL,WC D&O. In your opinion,... CoJones Markets for HOA's Posted: Fri Sep 6 -- Anyone know if CIG is direct appointment only or if they have wholesalers in California? I've been trying to get in touch with them but have... ABMCalifornia Why I believe in insurance agents Posted: Fri Sep 6 -- and then "patched back together" because of the value the AGENT brought to the relationship. alsia Go to Forums Reader Comments New Jersey Court: Text Sender Can Be Held Liable in Crash Posted: Wed Sep 4 -- It is scary how unbelievably stupid our courts can be. Don Quixote West Virginia Family Sues Over Accident Photo Posted: Wed Sep 4 -- Absolutely inappropriate and disgusting behavior from a trusted "first responder". Moe Tough-to-Kill New York Buses Drive Through U.S. Law's Loopholes Posted: Tue Sep 3 -- And when the operator - or their carrier - pays out the paltry $5mil to cover the 14 new quadrapeligic pre-teens, the plaintiff's lawyers... reality bites How U.S. Consumers Feel About Usage-Based Auto Insurance Posted: Fri Sep 6 -- My auto insurance agent who is a great guy and my insurance company who were kind enough to cover my Pontiac GTP and my 1958 Austin-Healey... Water Bug Zurich CFO's Suicide Followed Disagreement on Business Targets Posted: Mon Sep 9 -- A member of my extended family committed suicide. She was a very successful businesswoman and the story was carried by NYT, WSJ, and several... Jon Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue September 9, 2013 Top Workers' Comp Writers; Intellectual Property: Copyright, Trademark, Patent & Cyber / Media Liability; Residential Contractors 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 Commercial Insurance Producer Licensed Property and Casualty Producer Commercial Lines Underwriter Director/Vice-President for Multistate Insurance Brokerage Have a job opening? List it on our Web site. 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