Daily Headlines: Thursday, December 12, 2013

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December 12, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Drilling Boom Leaves Some Neighbors with Damages, Depressed House Values When Gary Gless bought his sleek, modernist house in Los Angeles in 2002, he thought he had hit a "gold mine." The world's largest ... Personal Genetic Tests Now Subject to Sharper Scrutiny After 23andMe Episode The genetic test firm 23andMe Inc.'s clash with U.S. regulators over the direct sale of its gene analysis service to consumers signals ... Keefe, Bruyette & Woods Forecasts 'Soft Insurance Rate Landing' U.S. property/casualty insurers' and brokers' operating earnings are expected to modestly improve in 2014, and the overall insurance rate ... Protx Risk Management Launches Bancshield+ Portfolio for Community Banks Protx Risk Management LLC, a managing general agency that focuses on professional liability insurance, has introduced a suite of ... Big Brains at Big 'I', Insurance Information Institute Give Their Take on 2014 Most economists are upbeat about next year, but just what does that mean for insurance agents in 2014? For independent agents 2013 was a ... Advisen: Historians May See 2013 as 'Cyber Tipping-Point' Historians may look at the year 2013 as a 'cyber tipping-point' the point at which businesses and governments finally realized the... Becker to Become QBE Chairman QBE announced on Monday that Marty Becker will succeed Belinda Hutchinson as chairman when she retires from the QBE... More National News East IICF Northeast Division Awards 16 New Grants Totaling $879,000 The Insurance Industry Charitable Foundation (IICF) Northeast division announced 16 charitable grants at its seventh annual benefit dinner ... NTSB: Technology Upgrade Likely Could Have Prevented N.Y. Train Derailment Federal safety officials say a technology upgrade they've been recommending for years would probably have prevented the Dec. 1 train ... New York Official Pushes 'Kill Switch' for Cellphones State Attorney General Eric Schneiderman is pressing wireless carriers to put safety over profits in his effort to require anti-theft ... Former Tower Group Exec Joins Capacity Coverage Co. of New Jersey Capacity Holdings Group and Capacity Coverage Company of New Jersey Inc., a N.J.-based retail and wholesale insurance brokerage, hired Gary ... More East News Midwest Keystone Insurers Group Adds Konen Insurance and Dasco Insurance in Illinois Konen Insurance of Aurora, Ill., and Dasco Insurance Agency of Northbrook are now partners in Keystone Insurers Group. The addition of the ... North Dakota Workers' Comp Mulls Suing Aon eSolutions Over Failed Project North Dakota's workers' compensation agency is considering suing a company that failed to complete a $17 million computer system overhaul. ... Wisconsin Court: Manure Isn't Pollutant Under Policy A Wisconsin appeals court says manure isn't a pollutant as defined in an insurance policy. The case began in 2011 when the state Department ... More Midwest News Southeast Florida Agents Near Deadline to Accept Citizens' Appointment Florida insurance agencies and agents have just a few days left to decide whether or not to agree to the state-backed property insurer's ... AIG to Open $5.5M Tech Center, Bring 230 New Jobs to Charlotte, N.C. North Carolina officials announced American International Group will invest more than $5.5 million to establish a technology center in ... N.C. Commissioner Delivers Keynote at Inaugural Captive Insurance Seminar North Carolina's Insurance Commissioner Wayne Goodwin on Wednesday delivered the keynote presentation, "Why North Carolina?" to captive ... Florida Commissioner Announces Appointment of Chief of Staff, Deputy Chief of Staff Florida Insurance Commissioner Kevin McCarty announced Rebecca Matthews has been appointed chief of staff for the state's Office of ... More Southeast News South Central Deadline to Claim 2009 Louisiana Citizens Insurance Rebates Near Louisiana Insurance Commissioner Jim Donelon is reminding property insurance policyholders that the clock is ticking on the deadline to ... Excess Insurance and Equitable Subrogation: Oklahoma Clarifies Equitable Subrogation Rule Most jurisdictions have held that an insurance company with the primary policy owes a duty of good faith and fair dealing to the insurance ... Heavy Snow Damages Docks on North Arkansas Lakes Authorities in north Arkansas say a dock collapse on Lake Norfork does not pose an immediate threat of contamination to the lake. Henderson ... More South Central News West Deep Freeze Damages California Citrus Crop A weeklong blast of sub-freezing temperatures across California has damaged the state's $2 billion citrus crop, but it will take several ... Hub Names Perez-Reyes Vice President in California Hub International Insurance Services Inc. named Arturo Perez-Reyes vice president and privacy and errors and omissions lead in its San ... Washington Jury Awards $50M After Test Misses Birth Defect Lawyers say a King County, Wash. jury has awarded $50 million to a Burien couple whose son was born with profound mental and physical ... 1,700 Pot Business Applications Received In Washington Marijuana business license applications keep rolling in in Washington. The state Liquor Control Board says it has received 1,696 ... Heffernan Hires Prout in Northern California Heffernan Insurance Brokers named Jeff Prout assistant vice president North Bay office in California. Prout will focus on new business ... More West News International Bond Managers Gain as Pension Funds Flock to Catastrophe Risk Funds specializing in insurance-linked risks such as catastrophe bonds are benefiting as the $30 trillion pension industry increases bets ... 2013 Had Lowest Hurricane Count since 1982: Willis Re The 2013 Atlantic storm season has proved one of the quietest in decades with the lowest number of hurricanes since 1982 and none of them ... Low Interest Rates Biggest Risk for Europe Insurers, Eiopa Says Low interest rates are the biggest risk for European insurers and pension funds, weighing on sales of retirement products, the region's top ... Best Downgrades QBE and Subs' Issuer Credit Ratings; Affirms FSR A.M. Best Europe - Rating Services Limited has downgraded the issuer credit ratings (ICR) to "a" from "a+" and affirmed the financial ... Ratings Recap: SAC Re, ZEP-RE, IRB-Brasil, Malaysian Re, Bahrain National A.M. Best Co. has commented that the financial strength rating of 'A-' (Excellent) and issuer credit rating of "a-" of Bermuda-based S.A.C. ... More International News Join the Insurance Journal Network Insurance Journal TV 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 A World With or Without TRIA Since the creation of the federal terrorism reinsurance program in 2002 until now the market... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Illinois Midwest Work Comp- tool mfg 3099 Posted: Wed Dec 11 -- My understanding is that Illinois Midwest will only work with contracted retail agencies. I used to have a few policies with them through a... ocbroker allstate office in upstate ny Posted: Mon Dec 9 -- The Allstate environment at the present time is rather bizarre with success or failure heavily dependent on your rates in the immediate... d's insurance store Trucking for hire with Losses Posted: Fri Dec 6 -- FYI_Progressive has a 500 mile radius restriction. No long haul. Miguelito Need WC for Gen Contractor in CA w/ lapse Posted: Thu Dec 5 -- Hi, Does anyone know of a WC Market for a CA- General Contractor with a lapse. Here are the deets: Currently lapsed since September Xmod:... EricCBIAIns Affordable Care Act: A Brief Explanation Posted: Thu Dec 5 -- Yes, there are a number of inaccuracies in here. And how exactly does the removal of lifetime limits lower costs? mrs dean wormer Help Finding Car Insurance Average Coverage Stats? Posted: Wed Dec 4 -- Have you tried the Insurance Information Institute (iii.org)? Or the NAIC also sells industry information. mrs dean wormer NY Workers Comp For Concrete/Excavation Contractor Posted: Mon Dec 2 -- I'm looking for a market other then NYSIF to place this account. Payroll is over 100k and owner will give out payroll processing if he can... Nyr085 Go to Forums Reader Comments Family of North Carolina Teen Killed by Stray Bullet Sues Gunmaker Posted: Wed Dec 11 -- I don't own a gun (not against them) but isn't checking for bullets before cleaning a gun the first item on the "gun cleaning" checklist? SWFL Agent Frustrated Insurance Brokers Say They Can Help Obamacare If Allowed Posted: Tue Dec 10 -- How can anyone in the insurance industry not understand that IT systems do not work all the time and have mucho problems particularly during... idk California Woman Ticketed For Driving With Google Glasses Posted: Thu Dec 5 -- Here's the one time I hope there's tracking available on the hardware/software so they can definitively say if an application was or wasn't... Rosenblatt Iowa Insurer Pokes Fun at Federal Website in Ads Posted: Mon Dec 9 -- 'They've said more about the Affordable Care Act in one advertisement than in seven years of health care reform," Hatch said.... FFA Lawsuits Challenging Obamacare Cite Religion, Tax Issues Posted: Thu Dec 5 -- FFA, The attorney's in today's society are operating in the most litegious society in the history of the world. Plaintiff's, defendants,... 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