Daily Headlines: Monday, September 10, 2012

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September 10, 2012 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Treasury Launches $18 Billion AIG Stock Offering The U.S. Treasury Department said it will sell most of its stake in insurer American International Group Inc., making the government a ... Commercial Lines Pricing Jumps 6% in Q2: Towers Watson Commercial insurance prices experienced the largest rise in eight years, a new industry survey reveals. In aggregate, commercial lines ... Court: Severance Pay Not Subject to Employment Tax In a tax decision that could have wide business implications, a U.S. appeals court ruled on Friday that employment taxes should not have ... Court Rules Employers Must Reassign Disabled Workers to Vacant Jobs A federal appeals court has revived an Equal Employment Opportunity Commission lawsuit against United Airlines Inc., and said U.S. law ... iStar Financial Settles Shareholder Lawsuit for $29 Million The New York finance company iStar Financial Inc. has reached a $29 million settlement of a lawsuit accusing it of concealing the impact of ... Transocean, U.S. Talking $1.5 Billion Gulf Oil Spill Settlement Transocean Ltd. is in discussions with the U.S. Justice Department to pay $1.5 billion to resolve civil and criminal claims from the 2010 ... Markel, Experian Data Breach Resolution to Offer DataBreach Loss Control Resources Markel has announced that it will now work with Experian Data Breach Resolution to provide loss control resources to its DataBreach policy ... OneBeacon Announces New Surety Group OneBeacon Insurance Group, Ltd. has launched its newest specialty business--OneBeacon Surety Group. The new business will be managed by ... Private Insurers in Line to Take 150,000 Policies from Florida's Citizens Four Florida-based property insurers have been given the green light to remove up to 150,000 policies from the state-backed Citizens... More National News East New York Has More Than 400 FEMA Home Buyout Applications Gertrude Baker and her husband bought their cozy home in Owego in 1956. They raised three kids, befriended neighbors and weathered the ... GEICO to Sell Commercial Auto Coverage Direct to Customers in N.Y. Business owners in New York can now purchase commercial auto coverage directly from GEICO, which could lead to lower premium rates for many ... New York City Cleans Up From 2 Twisters After Eastern Storms Two tornadoes struck the outer edges of New York City this past Saturday, hurling debris into the air and knocking out power in an area ... Union Mutual of Vermont Cos. Promotes Squairs to VP of Claims Union Mutual of Vermont Companies has promoted Debra Squairs to vice president of claims.Squairs joined Union Mutual of Vermont Companies ... More East News Midwest BP pays $1.5M in Claims to Date in Gas Recall BP has paid more than $1.5 million in claims arising from a recall in multiple Midwest states of incorrectly formulated gasoline that ... Grinnell Mutual Promotes Menary, Eaves Jeff Menary has been named vice president of Reinsurance at Grinnell Mutual Reinsurance Co., located in Grinnell, Iowa, and Kurt Eaves has ... Wisconsin's Sentry Insurance Cuts Office Jobs, Home-Based Agents Sentry Insurance, based in Stevens Point, Wis., says it's cutting 27 office jobs in central Wisconsin and 144 home-based agents across 10 ... More Midwest News Southeast Florida's Citizens' Plan for Loans to Private Insurers Criticized Hurricane-prone Florida's insurer of last resort, state-run Citizens Property Insurance Corp. on Friday approved a plan to provide up of ... Mississippi Court Rules Wal-Mart Not Liable in Gun Ammo Sale to Underage Shooter If a store sells ammunition to an underage person who uses the bullets to kill someone, is the retailer responsible? Not necessarily, ... Marsh McLennan Agency Acquires South Carolina's Rosenfeld Einstein Marsh & McLennan Agency LLC (MMA) has acquired Rosenfeld Einstein, a $9 million property/casualty and employee benefits agency based in ... CBIZ Acquires Trinity Risk Advisors of Atlanta CBIZ Inc. has acquired the assets of Trinity Risk Advisors Inc. of Atlanta, Georgia, a specialty brokerage firm providing primarily medical ... More Southeast News South Central Hurricane Ike Claims Still Being Filed Four Years Later Nearly four years after Hurricane Ike made landfall near Galveston Island, coastal residents are still filing claims and hundreds of ... Severe Storms Damage Arkansas Airport, Cars, Houses Strong winds from severe thunderstorms destroyed airplane hangars and damaged airplanes, homes and vehicles as they moved across Arkansas ... Texas DA Investigating State Farm Hurricane Claims Texas investigators have opened a criminal probe into how State Farm handled what may turn out to be thousands of insurance claims from ... Texas Mutual Pays $355K Dividend to Apartment Group Texas Mutual Insurance Company announced that the Texas Apartment Association (TAA) safety group earned a $355,922 dividend. The workers' ... More South Central News West Report: Wildfires Pose Risk to Quarter-Million Western U.S. Homes More than three-quarters of a million homes in the Western U.S. have a high of wildfire damage, according to a report released by Santa ... InsureZone Acquires MSI Group, Adds Agencies to New Direct Program Fort Worth, Texas-based InsureZone announced it has acquired Denver-based MSI Group, with agencies in 20 states. The purchase adds 63 ... Fire Restrictions Lifted on Most Utah Land Statewide Many of the season's fire restrictions across Utah have been lifted as officials say cooler temperatures and higher moisture levels are ... Brown Signs Electronic Proof Of Insurance Bill Gov. Jerry Brown made California the seventh state in the nation to allow drivers to show proof of insurance coverage using their smart ... Esurance Pay-Drive Filing Approved California Insurance Commissioner Dave Jones approved a personal auto filing by Esurance that will allow its policyholders to voluntarily ... Navy Cited By OSHA For Mishandling Toxic Materials The U.S. Department of Labor's Occupational Safety and Health Administration says the Navy has violated worker safety standards at an ... More West News International Reinsurance Rendezvous Focuses on Euro Zone, Interest Rates, Capital For once there's no natural catastrophe hanging over the annual Reinsurance Rendezvous in Monte Carlo (the 56th edition). Tropical storm ... Asia's Insurers Hiring While Bankers Face the Axe Slowing economic growth across much of Asia has failed to crimp expansion plans by the region's insurance companies, even as the rest of ... Tropical Storm Leslie Brushes Bermuda, Heads Northeast to Newfoundland The core of Tropical Storm Leslie passed 120 miles (200 km) east of Bermuda, bringing sustained winds of 39 mph (and gusts of up to 54 mph) ... Survivors of Earthquakes in Southwest China Await Relief Survivors of a series of earthquakes that killed 81 people and injured more than 800 in a mountainous area of southwestern China were ... More International News Insurance Journal Blogs Fla. Citizens Posts Depopulation Plan The depopulation committee of Florida's Citizens Property Insurance Corp. unveiled a plan yesterday designed to transfer about a third of ... More Blogs Join the Insurance Journal Network Insurance Journal TV Predictive Modeling 1: Origins in Insurance Few developments have altered the insurance business as much as predictive modeling and more... Watch Now Agriculture Business Prepared for This Year's Drought Record high temperatures in the Midwest have farmers facing the worst drought in over 20 year,... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Truckers Workers Comp Posted: Mon Sep 10 -- I have a PEO market with a base rate of 20.37. Could receive further discount because of good loss history. Give me a call if PEO is a... Chad Filley Independent Agency Growth Rate Posted: Mon Sep 10 -- If you are a member of the Independent Insurance Agents and Brokers of America, I suggest a review of IIABA "Best Practices" program... jtownagent Adding Value? Who Cares? And, who gets mad? Posted: Fri Sep 7 -- Final chapter...a BOR arrived for the three (Auto, HO, Umbrella) accounts at renewal...no surprises...my position, let the new agency deal... d's insurance store Track Your CSR's Daily Sales Activity Posted: Fri Sep 7 -- If the agency has any kind of management system for recording sales and commissions, it will tell you which employees are producing. In our... earlybird Life Insurance for people with no SSN Posted: Fri Sep 7 -- One can buy life insurance policy even without SSN but to pay it out, it is needed particularly in processing claims robmejia Go to Forums Reader Comments Employers Committed to Offering Health Plans; Cost Seen Going Up 5.3% in 2013 Posted: Wed Sep 5 -- Unemployment at 8.3% on Obama's inauguration date 7.7 Foodstamps given up 87% from inauguration date. National Debt 10.5 Trillion on Obama's... Sarah Police Lieutenant Claims Reverse Discrimination Posted: Wed Sep 5 -- There the system goes, trying to keep whitey down again. How dare he get passed up for a woman or a minority. The nerve. This is the South! Captain Planet Lawsuit Claims Discrimination By In-N-Out Chain Posted: Fri Sep 7 -- From personal experience, when my nephew and three of his friends applied at In-N-Out, my nephew went to the interview dressed up, new... hmmmmmmm California State Fund Restructures Broker Distribution Posted: Tue Sep 4 -- How to screw the small business/agency plant. CSP Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue September 10, 2012 High Income / High Profile; Top Workers' Comp Writers; 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 Professional Liability Claims Manager Senior Marketing Representative Senior Marketing Representative Senior Marketing Representative 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. 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Daily Headlines: Friday, September 7, 2012

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September 7, 2012 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Planners Craft Strategies to Help High-Earners Skirt New Healthcare Taxes Tax planners are developing ways to help well-to-do U.S. clients avoid the full impact of taxes set to take effect next year under ... BP Executives Sought to Blame 'Blue Collar Rig Workers' for Gulf Oil Spill: U.S. BP executives wanted to concentrate blame for the Deepwater Horizon oil spill disaster on "blue collar rig workers" in order to save ... AIG Sells AIA Shares at Surpise Premium, Raises $2 Billion American International Group Inc. said it raised $2.02 billion through the sale of a partial stake in its former Asian unit AIA Group Ltd, ... U.S. Weather Forecaster Downgrades El Nino Impact The U.S. government forecaster has issued its most definitive report since first raising the El Niño alert three months ago, forecasting a ... New Features Added to General Star Insurance Agents Program General Star has made a number of enhancements to its insurance agents errors & omissions program. Distributed on an exclusive basis by ... Leavitt Recreation & Hospitality Launches Archery Club, Range Insurance Program Leavitt Recreation & Hospitality Insurance (LRHI) has launched a new program designed specifically for archery clubs and ranges.  The ... U.S. Construction Firms Facing Double-Digit Increases for Liability Insurance: Marsh The commercial general liability market for the U.S. construction industry continues to firm with underwriters seeking rate increases of up... More National News East As Storm Season Shifts Into High Gear, Homeowners Urged to Be Prepared As hurricane season shifts into high gear, the Maryland Insurance Administration is reminding consumers that September is Disaster ... Del. Court Orders WC Claimant to Use Employer's Medication Vendor A Delaware court recently ruled that an employer can compel a workers' comp claimant to use the company's preferred prescription medication ... W. R. Berkley Names President of Facultative Resources in Connecticut W. R. Berkley Corp. has appointed Joseph Sullivan as president of Facultative Resources Inc. He is based in Stamford, Connecticut. ... The Hartford Names SVP for Commercial Markets Sales and Distribution The Hartford Financial Services Group has named Matthew Kirk senior vice president of sales and distribution for the company's commercial ... More East News Midwest Kansas Insurance Commissioner Urges Health Care Law Plans The state of Kansas needs to decide soon what services it will provide in a health insurance exchange required by the federal health care ... North Dakota Farmers Want Changes in Crop Insurance Rules Some upper Midwest farmers who thought they caught a break when the federal government eased crop insurance rules for land hit by prolonged ... Missouri's High Court Favors Insured in Question of Policy Ambiguity Is a person hired to perform seasonal, part-time tasks for a company owner, based on a referral from an employee of the company, an ... More Midwest News Southeast Private Insurers in Line to Take 150,000 Policies from Florida's Citizens Four Florida-based property insurers have been given the green light to remove up to 150,000 policies from the state-backed Citizens ... Pace Joins Lockton in Memphis Ashley Pace has joined Lockton Companies in Memphis as an employee benefits consultant and producer. He will advise clients on health and ... Tennessee Agency Hollis & Burns Joins Keystone Insurers Memphis, Tenn.-based agency Hollis & Burns Inc. has joined Keystone Insurers Group as Keystone's sixteenth franchise partner in the state. ... New Marine Wholesale Brokerage Opens for Business in Florida Florida has a new wholesale insurance broker specializing in marine industry risks. Founded by Steve Cunningham, Theresa Proios-Jewell and ... New Underwriting Agency Assure Space to Cover Satellite Risks Assure Space, LLC, a new space insurance agency for satellite risks, has partnered with Auster Capital Partners (ACP) and Space Florida for ... More Southeast News South Central Specialty Risk Associates Announces New Hires and Promotions Louisiana-based Specialty Risk Associates Inc. has made two promotions within its Shreveport office. Kelly Babin assumed the position of ... Texas in November to Open 85 Mph Toll Way Texas will soon open a stretch of highway with the highest speed limit in the country. Construction crews have begun posting 85 mph speed ... Isaac Seepage Closes New Orleans Museum of Art The New Orleans Museum of Art says it is closed because water from soil saturated by Hurricane Isaac is seeping into the basement, ... More South Central News West IBA West Members To Vote On Name Change IBA West is entertaining a name change. The group, which represents several thousand brokers and agents and is comprised of 31 affiliated ... Lawsuit Claims Discrimination By In-N-Out Chain A lawsuit filed on behalf of two black men in Oakland claims In-N-Out Burger didn't hire them because of their race and age. The suit filed ... Government Declares Disasters In 4 Mont. Counties The U.S. Agriculture Department has declared Broadwater, Gallatin, Jefferson and Silver Bow counties disaster areas, making farmers and ... Alaska Family Charged With Insurance Fraud Three members of a North Pole family have been charged with felony insurance fraud connected to the crash of a pickup. A complaint filed by ... Moran Out as Calif. Workers' Comp Admin Director Rosa Moran, one of the members of Gov. Jerry Brown's Department of Industrial Relations team that helped to hammer out a last-minute deal ... WCIRB May Reduce Rate Increase to 11.6% Committees for the Workers' Compensation Rating Bureau looking at data based on the savings promised by a bill to reform the state's ... More West News International Commentary: World Economy Entering Into Financial Hurricane Season The North Atlantic hurricane season runs from mid-August to October, with a strong peak in storm activity around the middle of September. A ... Aon Benfield August Cat Report Focuses on Isaac; Insurance Cover Disparity Aon Benfield's latest edition of its Global Catastrophe Recap report, which reviews the natural disaster perils that occurred worldwide ... RBS Insurance Unit Plans Job Cuts The insurance division of Royal Bank of Scotland says it plans to cut nearly 900 jobs as it prepares for a stock market flotation. The ... More International News Insurance Journal Blogs Where to Spend Your Marketing Dollars? With the calendar year winding down and most agencies approaching budget season for the 2013 year, the question upon many is "Where do ... More Blogs Join the Insurance Journal Network Insurance Journal TV Predictive Modeling 1: Origins in Insurance Few developments have altered the insurance business as much as predictive modeling and more... Watch Now Agriculture Business Prepared for This Year's Drought Record high temperatures in the Midwest have farmers facing the worst drought in over 20 year,... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Track Your CSR's Daily Sales Activity Posted: Fri Sep 7 -- If the agency has any kind of management system for recording sales and commissions, it will tell you which employees are producing. In our... earlybird Adding Value? Who Cares? And, who gets mad? Posted: Fri Sep 7 -- D's, you did nothing wrong. But I am with you, I try to give the client all of their options. But more and more I am leaning toward letting... lonestar Independent Agency Growth Rate Posted: Fri Sep 7 -- I would say 10% to 20% is an average growth rate for an IA. lonestar Know Who Should Buy Long Term Care Insurance Posted: Fri Sep 7 -- Who should buy long term care insurance? This is probably one of the most common questions that the public might have before they decide if... robmejia Do you use online leads services? Posted: Fri Sep 7 -- I agree with charlie. Sometimes you have to pay just to get leads failing to think that since it's for sale, it's up for grabs for a dozen... robmejia Could your music influence your insurance score? Posted: Fri Sep 7 -- Now this is quite a new and weird correlation. But if it is supported by a study, then maybe there's some truth behind it. robmejia Life Insurance for people with no SSN Posted: Fri Sep 7 -- One can buy life insurance policy even without SSN but to pay it out, it is needed particularly in processing claims robmejia Keeping Track of prospects Posted: Fri Sep 7 -- Excel works well for me. I think it depends on organization skills. Proper naming and categorization can help a lot robmejia Restaurant with large fire claim Posted: Thu Sep 6 -- I might be able to help. Send a submission to kennethkukral@intlxs.com... INTLXS Go to Forums Reader Comments Most Unusual Pet Insurance Claims of the Year Posted: Thu Sep 6 -- •October 2011 – Peanut the dachshund-terrier mix (Sicklerville, N.J.). A squabble with a skunk ended with more than just a bad stench in... Mr. Obvious Employers Committed to Offering Health Plans; Cost Seen Going Up 5.3% in 2013 Posted: Wed Sep 5 -- Unemployment at 8.3% on Obama's inauguration date 7.7 Foodstamps given up 87% from inauguration date. National Debt 10.5 Trillion on Obama's... Sarah Police Lieutenant Claims Reverse Discrimination Posted: Wed Sep 5 -- There the system goes, trying to keep whitey down again. How dare he get passed up for a woman or a minority. The nerve. This is the South! Captain Planet GEICO Sponsors Rest Area 'Safe Phone Zones' in Virginia Posted: Tue Sep 4 -- c-c-c-computer generated ? I'm crushed, devastated ! The gecko of my dreams is fake ! The suave English accent and all ! Insurance fraud !... Sally Mander Jury Awards $1.6M to Cook County Sheriff's Employees Posted: Thu Sep 6 -- Yes indeed. That's Chicago politics for you. At least justice was served. Hopefully the same will happen in the White House. Always Amazed Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue August 20, 2012 Satire Issue (Funny stories, weird claims, reader submissions and wacky ad contest.) 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 Senior Marketing Representative Senior Marketing Representative Senior Marketing Representative Sales Representative - Personal Lines Insurance 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: Thursday, September 6, 2012

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September 6, 2012 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National New National Parks' Insurance Requirements Ignite Controversy A National Parks Service (NPS) decision to hike their required insurance liability limits by 1,000 percent has some outfitters and guides, ... Congress Quietly Working On Renewal of Federal Disaster Aid Despite some sniping on the presidential campaign trail, negotiations on Capitol Hill are likely to ensure a smooth flow of disaster aid in ... Most Unusual Pet Insurance Claims of the Year A dog that got bitten by a turtle, a hound found literally hanging around the barbecue grill and a cat that went for a ride after getting ... Lexington Introduces CarbonCover Property Policy Lexington Insurance Co. has introduced CarbonCover ODS, a property insurance policy that addresses the emerging needs of the climate change ... U.S. Construction Firms Facing Double-Digit Increases for Liability Insurance: Marsh The commercial general liability market for the U.S. construction industry continues to firm with underwriters seeking rate increases of up... More National News East N.J. Scrutinizes Workers Comp TPAs' Side Deals With Vendors New Jersey's comptroller office says some workers' compensation third party administrators (TPAs) have undisclosed side agreements with ... New Massachusetts Fire Safety Rule Takes Effect A new fire safety rule is taking effect in Massachusetts. State Fire Marshal Stephen Coan says that, starting September, there's a ban on ... Liberty Mutual Boosts Charitable Giving, Plans to Donate $17M in Mass. Insurer Liberty Mutual Group Inc., already one of the largest supporters of nonprofits and community groups in the Boston area, has ... Marsh Announces New Head of Hartford, Connecticut Office Marsh, the insurance broking and risk management division of Marsh & McLennan Cos., appointed industry veteran Carmela Inneo as head of its ... New CNA Umbrella Leader Appointed to Northeast/Mid-Atlantic Zones CNA Financial Corp. has appointed Cheryl Paton as assistant vice president for umbrella insurance. She joins CNA's New York office, and ... Penn State Reports Almost $17M in Sandusky Costs Penn State's costs for legal fees, consultants and public relations firms hired to help deal with the Jerry Sandusky child sex abuse ... More East News Midwest R&R Insurance Services' Riesch-Knapp Transitions to Employee Benefits R&R Insurance Services Inc., headquartered in Waukesha, Wis., announced the transition of Stephanie Riesch-Knapp from commercial lines to ... South Dakota's Biggest City Bans Texting While Driving South Dakota's biggest city has banned texting while driving. The Sioux Falls City Council voted to make sending and receiving electronic ... Jury Awards $1.6M to Cook County Sheriff's Employees A federal jury in Chicago has awarded nearly $1.6 million to 21 Cook County sheriff's employees who claimed they were demoted for ... CNA Appoints Cohen Vice President of Field Operations Chicago-based CNA Financial Corp. has appointed Andy Cohen as the vice president of Field Operations. Cohen joins CNA most recently from ... More Midwest News Southeast Group Cleaning Kentucky Superfund Site Sues Past Users Companies, municipalities and universities in Kentucky that contributed to what was once one of the largest hazardous waste facilities in ... How Tornado Has Changed a Kentucky Town Eddie and Sherri Granger's new life running an antique store in West Liberty, Ky., collapsed in a heap of debris when a tornado demolished ... More Southeast News South Central Louisiana Court: Cab Co. Owner Can Be Held Liable for Boy's Death A state appeal court has reversed itself, ruling that a Bossier City, La., taxi cab company owner can be held personally responsible for ... Emergency Insurance Rule for Policyholders in Effect in Louisiana Louisiana Insurance Commissioner Jim Donelon has issued an emergency rule which allows greater protection and flexibility for policyholders ... Tar Balls on Coast Part of Isaac's Aftermath Lingering effects of Hurricane Isaac in Louisiana include more than 20,000 electric customers still without power, an estimated 700 people ... Thousands File Flood Insurance Claims After Isaac Thousands of flood insurance claims are being filed in the wake of Hurricane Isaac, a slow-moving storm that hammered several parishes in ... More South Central News West Paraplegic Awarded $1.5m From Fresno Hospital A man who was left partially paralyzed by an infection has been awarded $1.5 million from a Fresno, Calif. medical center. The Fresno Bee ... Anchorage To Pay $5.5M To Settle Rape Lawsuits The Municipality of Anchorage, Alaska will pay more than $5.5 million to 11 women who claimed they were sexually assaulted by a police ... California Brokers, Agents React to State Fund New Deal Reaction to a decision by State Compensation Insurance Fund to restructure its broker distribution model has ranged from guardedly ... Agents, Brokers to Deal with State Fund Wholesalers California's State Compensation Insurance Fund will now require most of the roughly 5,000 brokers and agents the entity deals with to go ... MGIS Appoints Green Vice President of IT Operations Salt Lake City, Utah-based The MGIS Companies Inc., a provider of insurance products and services specifically for physicians, named ... More West News International Hurricane Leslie Moving Slowly Towards Bermuda; Michael is 1st Cat 3 Storm Leslie has become a category one hurricane on the Saffir-Simpson scale with maximum sustained winds of 75 mph, 120 km/h. A gradual ... Swiss Re Report Analyzes Rise in Flood Losses - $15 Billion and Counting A new report from Swiss Re underscores the fact the "insured flood losses have increased from $1-2 billion in 1970 to $15 billion in 2011, ... Aon Benfield Report Highlights Growth of Insurance-linked Securities Catastrophe bond issuance for the last 12 months - June 2011 to  June 2012 - rose to $6.43 billion - an increase of more than $2 billion ... Report Finds Less than 10% of Global Insurers Using 'App' Strategy A report by Swiss research company MyPrivateBanking concludes that while the "mobile app revolution" has reached the insurance industry, ... Strong Earthquake Strikes Western Costa Rica: AIR Analysis According to catastrophe modeling firm AIR Worldwide, on September 5 at 8:42 AM local time, a magnitude 7.6 earthquake struck a sparsely ... Mitsui Sumitomo Promotes Wood to Class Underwriter-Professional Indemnity Mitsui Sumitomo at Lloyd's announced the promotion of Stuart Wood to Class Underwriter for Professional Indemnity (PI) within its ... More International News Join the Insurance Journal Network Insurance Journal TV Predictive Modeling 1: Origins in Insurance Few developments have altered the insurance business as much as predictive modeling and more... Watch Now Agriculture Business Prepared for This Year's Drought Record high temperatures in the Midwest have farmers facing the worst drought in over 20 year,... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Restaurant with large fire claim Posted: Wed Sep 5 -- I have a restaurant that is being non-renewed by its carrier due to a large fire claim they had last year. because of the large claim I cant... insguy12 Will old CPCU books work for the new CPCU exams? Posted: Wed Sep 5 -- Honestly, for the purposes of passing the tests, I doubt a few changes to policy forms would affect you at all. They generally didn't ask... paulbennings Do you use online leads services? Posted: Sat Sep 1 -- I have yet to see an agency prosper over time using on-line lead services. They are commodity transactions, low premium, typically... Rainmaker Track Your CSR's Daily Sales Activity Posted: Sat Sep 1 -- Yikes....daily sales reports for CSR's? Watch your turnover spike and morale drop like a rock. That's one of those ideas that sounds great... Rainmaker Independent Agency Growth Rate Posted: Sat Sep 1 -- There are many different segments to the retail insurance broking industry, ie the 1) globals; 2) top 10 public; 3) top 100; 4) the... Rainmaker Keeping Track of prospects Posted: Sat Sep 1 -- I would encourage you to consider that solutions are predicated on the exact need - the more laser focused you are on your specific needs... Rainmaker Splits Posted: Sat Sep 1 -- Compensation models vary greatly within the industry based upon alignment, market-space, product mix, geographic footprints, etc., so a... Rainmaker Go to Forums Reader Comments Employers Committed to Offering Health Plans; Cost Seen Going Up 5.3% in 2013 Posted: Wed Sep 5 -- Unemployment at 8.3% on Obama's inauguration date 7.7 Foodstamps given up 87% from inauguration date. National Debt 10.5 Trillion on Obama's... Sarah GEICO Sponsors Rest Area 'Safe Phone Zones' in Virginia Posted: Tue Sep 4 -- c-c-c-computer generated ? I'm crushed, devastated ! The gecko of my dreams is fake ! The suave English accent and all ! Insurance fraud !... Sally Mander California State Fund Restructures Broker Distribution Posted: Tue Sep 4 -- How to screw the small business/agency plant. CSP Court Mistakenly Posts Secret San Bruno Settlement Posted: Fri Aug 31 -- Title should read "FORMERLY Secret San Bruno Settlement"... DOH! jdoe Oklahoma Lawmaker Wants More Money in Workers' Comp Case Posted: Thu Aug 30 -- Only for others. Never for themselves and their rich constituents. J.S. Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue August 20, 2012 Satire Issue (Funny stories, weird claims, reader submissions and wacky ad contest.) 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 Senior Marketing Representative Senior Marketing Representative Senior Marketing Representative Sales Representative - Personal Lines Insurance 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.