Daily Headlines: Monday, December 23, 2013

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December 23, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National P/C Insurers Boost Bottom Line on Big Gain in Underwriting Through 9 Months Private U.S. property/casualty insurers' net income after taxes rose to $43 billion in nine-months 2013 from $27.8 billion in nine-months ... Judge Rejects Catholic Church Challenge to Obamacare Birth Control Coverage The Catholic Church isn't harmed by the U.S. Affordable Care Act's requirement for providing employees with insurance coverage for ... Federal Reserve Allows Ally Financial to Keep Insurance Unit Ally Financial Inc., the auto lender majority owned by the U.S. government, won regulatory approval to change its holding-company status, ... Best Downgrades Tower Group and Subs Ratings; Under Review/Negative Last Friday, A.M. Best Co. downgraded the financial strength rating (FSR) to B (Fair) from B++ (Good) of the pooled and reinsured members ... Ratings Recap: Pro Assurance, AES Global, Alfa Group, ARI Mutual, Springfield A.M. Best Co. has affirmed the financial strength rating (FSR) of 'A+' (Superior) and the issuer credit ratings (ICR) of "aa-" of ... Best Places Canopius US Insurance Under Review A.M. Best Co. has placed under review with developing implications the financial strength rating of 'A-' (Excellent) and issuer credit ... Insurance Questions, Lawsuits Arise in Wake of Target's Data Breach U.S. retail giant Target Corp. is busy dealing with the aftermath of the massive data breach that exposed account details of some 40 ... Happy Holidays: Target's Message May Put Scare Into Firms Without Cyber Coverage Target Corp.'s data breach headache may be an opportunity for insurance carriers, insurance agents, risk managers and businesses to spread ... The PIA Partnership Launches Growth Tool For Agency Members The National Association of Professional Insurance Agents (PIA) and its agency-company council, The PIA Partnership, have designed a new... Program Segment an Opportunity for Carriers with the Expertise and Focus With a faster rate of growth than the overall property/casualty insurance market, the commercial program business... More National News East Ex-AIG Executives Greenberg, Smith Press Ethics Complaint Against New York Prosecutors Former American International Group executives are pursuing an ethics complaint against the New York prosecutors still bringing the charges ... New York Issues $370M in Bonds to Resolve Workers' Compensation Claims New York Gov. Andrew Cuomo announced last Friday the state issued $370 million in bonds to assist businesses in failed group self-insured ... Vermont FEMA Office Closing 2 Years After Irene Vermont's Federal Emergency Management Agency office closed its doors last Friday, Dec. 20, after more than two years of helping the state ... New Jersey Chiropractor Sentenced in $89K Insurance Fraud A northern New Jersey chiropractor was sentenced to state prison for causing false documentation to be submitted to insurance companies and ... New Jersey Roofer Indicted for Alleged Workers' Compensation Fraud Authorities have charged the head of a central New Jersey roofing company with stealing more than $265,000 through alleged insurance fraud. ... Business Risk Partners Hires 3 Underwriters in Connecticut Business Risk Partners, a Windsor, Conn.-based managing general agency focused on specialty commercial insurance, recently added three new ... More East News Midwest Minnesota Governor Says He Is 'Ultimately Responsible If MNsure Fails' Gov. Mark Dayton declined to say Dec. 18 whether he asked for the resignation of the former CEO of Minnesota's health insurance exchange, ... Rail Car Services Cited for Safety, Health Violations in Kansas City Rail Car Services LLC has been cited by the U.S. Department of Labor's Occupational Safety and Health Administration for 11 safety and ... Geological Society: Kansas Earthquake, Oil Production Might Be Related The Kansas Geological Society is investigating whether a recent earthquake in southern Kansas might have been caused by oil production ... Iowa's Holmes Murphy Names Swift Director of Development Opportunities Holmes Murphy & Associates' Chairman Jim Swift will move into a new role as director of development opportunities at the Des Moines, ... More Midwest News Southeast TVA to Get $150M More for Coal Ash Spill Cleanup from Insurer The Tennessee Valley Authority said it will receive another $150 million from an insurance company to help pay for the ongoing cleanup of ... Louisville Residents Sue Utility Over Coal Plant Ash A group of Louisville residents who say coal ash from a nearby power plant drifts into their lungs and homes have sued the utility company. ... USI Insurance Acquires Alabama's Molton, Allen & Williams USI Insurance Services has acquired Molton, Allen & Williams (MAW), headquartered in Birmingham, Ala. Terms of the transaction were not ... More Southeast News South Central Texas Lawmaker Wants Probe into Windstorm Insurance Association Emails A Texas lawmaker has called for an investigation into racist emails uncovered within the Texas Windstorm Insurance Association, which ... President Declares Disaster for Texas Flooding Federal aid will head to Texas now that President Obama has declared a disaster area as a result of severe storms and flooding that hit the ... Arkansas Lawmakers Approve Insurance Exchange Funds Arkansas lawmakers have narrowly approved a $10.6 million grant to continue operating the insurance marketplace under the federal health ... More South Central News West Cellphone Records Call Up Fraud Against Washington Woman An investigation by Washington Insurance Commissioner Mike Kreidler's office has resulted in charges of theft and fraud against a Tacoma ... Idaho Insurance Department Revokes Father and Son Licenses The Idaho Department of Insurance issued orders revoking the Idaho insurance producer licenses held by Adrian Rand Robison and his son, ... California Mom Agrees To Settle Suit Over Child Autopsy Photo A woman who sued San Diego County over the release of an autopsy photo of her 2-year-old son has settled the privacy case for $125,000. A ... Arizona Insurance Council Elects 2014 Officers The membership of the Arizona Insurance Council has elected its officers for 2014. AIC's 2014 elected officers and the companies they ... CompWest, Align General Insurance to offer Debit Experience Modification Program CompWest Insurance Co., part of the Accident Fund Holdings family, has partnered with Align General Insurance Agency to write workers' ... Milliman to Acquire McGinn Actuaries in California Seattle, Wash.-based Milliman Inc., a consulting and actuarial firm, has acquired McGinn Actuaries Ltd., an Anaheim, Calif.-based ... More West News International Buyers Benefit from Soft Market in Airline Renewal Season: Willis Report According to the Q4 Issue of Airline Insight, from Willis Group Holdings, "unprecedented levels of competition, growth in exposures and low ... Zurich Insurance Seeking to Increase Sales to Corporate Clients Zurich Insurance Group AG, Switzerland's biggest insurer, says a business unit selling insurance to corporate clients will become more ... Willis Appoints Peller Global Head of Casualty Willis Group Holdings announced the appointment of Seth Peller to the newly created role of Global Head of Casualty, effective January ... Best Affirms Tokio Millennium Re 'A++' Ratings; Outlook Stable A.M. Best Co. has affirmed the financial strength rating of 'A++' (Superior) and issuer credit rating of "aa+" of Swiss-based Tokio ... Aon Benfield Names Smith as CEO of Chile Team Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, announced the appointment of Joe Smith as chief executive ... More International News Join the Insurance Journal Network Insurance Journal TV Coastal Agents Alliance Stays Focused on Coastal Homes: Byrne In 2004, Tim Byrne and his brother were growing their Cape May, N.J. agency just fine. Then... Watch Now Markets in Motion - Sports & Entertainment Venue The 650,000 square foot Honda Event Center in Anaheim, Calif. holds thousands of people at any... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Question on estimating a business value Posted: Mon Dec 23 -- Thanks, but I don't need to know the formulas or variables, nor do I need a professional at this stage. Does anyone have experience with a... mlwhite79 Broker fees Posted: Thu Dec 19 -- Thanks for the heads up mate! I had the correction sent in to our developer... ABMCalifornia Affordable Care Act: A Brief Explanation Posted: Thu Dec 19 -- Nothing in that initial statement will LOWER ANY COSTS???? Wakeup and realize the fraud that has been perpetrated upon the American public.... mhutch69 Looking for used CPCU books Posted: Wed Dec 18 -- Hi there, I am looking to start the designation with CPCU 500 as soon as possible. Does anyone know where I can purchase used books? meghankleavy1088 Christmas Bonus? Posted: Tue Dec 17 -- I completely agree with D on this one. We are [i:16lnu0ct]very[/i:16lnu0ct] generous with our Christmas bonuses, perhaps too much with some.... Smalltownagent Lakefront Motels Posted: Sun Dec 15 -- If you still need help feel free to get in touch, I have a few markets that love this type of risk. ABMCalifornia SEO and buying back links Posted: Sun Dec 15 -- I would never recommend buying links. If there's one thing I learned over the past five years it's don't ever try to trick Google into... ABMCalifornia errors and omision Posted: Sun Dec 15 -- Justin, I'm not sure what state you plan on doing business in but if you have not already been helped feel free to get in touch. I've taken... ABMCalifornia New Insurance Agency Posted: Fri Dec 13 -- A couple of more resources, one rarely mentioned but I know they help a lot of independent agencies: agentequity.com. specifically their... gregg@prospect Go to Forums Reader Comments AmTrust Financial Refutes Negative Report, Says Future Has 'Never Been Brighter' Posted: Tue Dec 17 -- This is the same story the Tower Group floated and we all know where they went... Where there is smoke there is fire CPCU Man South Carolina Jury Awards $890K to Man Wrongly Accused by Condo Board Posted: Mon Dec 16 -- Good for Mr. King. These condo association board members think they are the big guy in the sky, judge and jury. Not all, but most are... Serves them well Probation Sentence in Texas Teen's Fatal DWI Wreck Stirs Ire Posted: Mon Dec 16 -- Dear Texas, please secede as soon as possible. Thank you. insurance is fun! North Carolina Man Sues Hookup Website for Marriage Breakup Posted: Tue Dec 17 -- Hey, Bub. There's a reason she was looking for something different, and she would have found it elsewhere if it hadn't been through some... reality bites Obamacare November Enrollment Tops 250,000; Sebelius Seeks Probe of Botched Launch Posted: Mon Dec 16 -- Agent, That is why you are the DB of the year on this blog. I did not ask you to apologize to insurance 102, only me. I gave you 2 choices... Ron Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Update Subscriptions Submit News Contact Us Current Issue December 16, 2013 The Charity Issue - 10% of Net Sales Go to IICF & City of Hope; Photos of Your Organization Involved in Charity Work; Insurance Heroes Market Directories Excess & Surplus Markets Programs Workers' Comp Markets New Insurance Jobs Business Development Manager Business Development Manager - Personal Lines Motor Truck Cargo/Liability/Physical Damage Adjuster Commercial Underwriting Supervisor Have a job opening? List it on our Web site. 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