Breaking News: European Officials Reach Deal on Solvency II Insurance Rules

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November 14, 2013 Breaking News Alert European Officials Reach Deal on Solvency II Insurance Rules Read the full story European politicians reached an agreement paving the way for new rules designed to make insurance companies safer after 13 years of wrangling with the industry and regulators. The European Commission, European Parliament and Council of the European Union yesterday agreed on rules on how to assess capital insurers need to set aside to meet future obligations while taking into account market volatility, the Lithuanian Presidency, representing the EU Council, said in a statement on its website today. Read the full story Send to a Friend 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 © 2013 by Wells Media Group, Inc.

Daily Headlines: Wednesday, November 13, 2013

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November 13, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Clinton, Democrats Pressure White House to Amend Healthcare Law The growing pressure on President Barack Obama to adjust his problem-plagued healthcare law seemed to boil over on Tuesday, as leaders of ... Reinsurer Arch to Help Freddie Mac Cover Mortgage Losses Freddie Mac bought insurance covering a portion of losses on a pool of home loans from Arch Capital Group Ltd.'s Arch Reinsurance Ltd. ... MarshBerry Survey Reveals an Optimistic Marketplace: Part 1 In June of this year, MarshBerry launched its 28th Annual Market & Financial Outlook Survey in conjunction with Insurance Journal. The ... Allstate's Bailey Joins Marsh As Head of U.S., Canada Sales Insurance broker Marsh has appointed Donald Bailey as its new head of sales for U.S. and Canada. In this newly created position, Bailey ... Berkshire Hathaway Specialty Adds Healthcare Risk Management Berkshire Hathaway Specialty Insurance is expanding its healthcare professional liability capabilities to provide customers with customized ... Report Calls for Prior Approval for All States Holding automobile insurance regulation in California as an example, the Consumer Federation of America issued a report on Tuesday showing ... Supreme Court Justices Probe Private Company Whistleblower Protections U.S. Supreme Court justices on Tuesday signaled they may have some difficulty deciding whether employees at private firms that contract ... Insurance Kiosks the Wave of the Future? Milk…check; Eggs...check; Bread…check; Car insurance…wait, what? Most Americans' grocery lists don't typically read this way, but... Tech Critical to Strengthening Insurance Underwriting: Survey An overwhelming majority of underwriters (93 percent) perceive investment in technology as the best way to improve... More National News East Pittsburgh Bishop: Won't Let Health Insurer Give Disputed Coverage The Roman Catholic bishop of Pittsburgh says that he will refuse to sign a document allowing a third-party insurer to provide preventative ... Mass. DOI Announces Q3 Enforcement Actions, Settlements The Massachusetts Division of Insurance recently published a list of enforcement actions taken against producer licensees for the 2013 ... Protections Sought by Nannies, Other Massachusetts Domestic Workers Nannies and other domestic employees in Massaschusetts who say they are often forced to put in long hours without the same legal ... Arbella Expands Carpartment Insurance to Connecticut The Arbella Insurance Group has expanded Carpartment insurance to Connecticut, via Bearingstar Insurance agents. Designed to help make ... More East News Midwest Detroit Mayor-Elect Duggan's Plans Include City-Run Auto Insurer Detroit Mayor-elect Mike Duggan rescued a county, a bus system and a 14,000-worker hospital network, served as a prosecutor, plotted ... Indiana Students Develop Plans to Fight Nature's Fury Jerzie Eagle and Liesl Elkin pointed to their topography map that showed the eight acres of flood-prone land around Carter and Murden ... Garden City, Kansas Expects $300K in Sewer Claims Garden City, Kan., officials are expecting city residents to file more than $300,000 in claims after a recent sewage pump malfunction at ... Missouri Insurance Department Returns $12.8M to Consumers The Missouri Department of Insurance announced that consumers who filed complaints against their insurance companies received an additional ... More Midwest News Southeast Gulf Shrimper Pleads Guilty to Defrauding Oil Spill Claims Fund A Mississippi man has pleaded guilty to a fraud charge involving $36,300 he received in oil-spill recovery money. The Sun Herald reported ... Tupelo, Mississippi's New Residents Could Face Double Charges for Fire Services City residents annexed by Tupelo, Miss., in 2012 may see two charges for fire protection when they open their tax bills in less than a ... More Southeast News South Central CPro Associates Adds Buckley, Savage in Binding Authority CPro Associates, a Dallas-based surplus lines wholesaler and managing general agency, has expanded its binding authority unit. Bill Buckley ... Central Texans' Interest in Flood Insurance Rises Along with Claims Insurance agents in Austin, Texas, report the interest in homeowners obtaining flood insurance coverage has risen dramatically after two ... Baker Joins LevelFirst in Dallas LevelFirst, a wholesale broker and managing general agency based in Dallas, Texas, has announced a new staff addition. Sara Baker has ... More South Central News West California Lawmaker Removed from Committees Amid FBI Probe California State Sen. Ron Calderon was stripped of his committee assignments Tuesday amid a federal investigation involving allegations ... Lockton Taps Weber as Vice President in Colorado Lockton's Denver, Colo. operation named Shellie Weber vice president of human resources. Weber will focus on organizational and people ... Utah Mortgage Company To Pay $13.2M in Settlement A Utah mortgage company and two of its top officers will pay $13.2 million in refunds and fines in a settlement that puts an end to a ... More West News International Much of Eastern Asia Underinsured for Weather As Risk, Values Rising Insured losses from weather-related events in Eastern Asia amount to only about 10 percent of the $700 billion in total losses accumulated ... New Global Ratings Agency to Vie with Moody's, S&P, Fitch Credit ratings organisations from five countries are launching a new global agency, touting it as an alternative to the Big Three agencies ... Doubts About CEO's Controls at Insurer Raised by RSA Irish Accounting Inquiry In September, RSA Insurance Group Plc Chief Executive Officer Simon Lee expanded the role of his top Irish lieutenant, Philip Smith, and ... Liberty Mutual to Enter Mexico with Acquisition of Surety Company Liberty Mutual Insurance said it will acquire Mexican surety company Primero Fianzas from Grupo Valores Operativos Monterrey, a private ... Europe Appears Close to Agreement on Solvency II Insurance Rules Europe may be nearing an agreement on rules that aim to make insurance companies safer after 13 years of wrangling between politicians, ... Dhanin's CP Group Pledges 880.2 Million Ping An Shares to UBS Charoen Pokphand Group Co., the largest stockholder in Ping An Insurance Group Co., pledged about 880.2 million Hong Kong-listed shares in ... More International News Sponsored Content Atlas General Insurance Services Recognized as a Top Workplace and a Medallion Winner in the Workplace Excellence Awards by the U-T San Diego and the San Diego Society for Human Resource Management San Diego, CA, 11/13/13 - Atlas General Insurance Services is pleased to announce that it has been selected as a winner in the small ... More Sponsored Content Insurance Journal Blogs 40 Years On, Mount Kisco Child Care Center Serves Working Families Fragile. At risk. Low income. Recent immigrant. These terms describe some of the families whose children attend Mount Kisco Child Care ... More Blogs 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 "On-Loan" Fine Art Posted: Wed Nov 13 -- I'm not sure why this is a problem. Have you been turned down by the retail shop's package policy carrier? Unless the fine artwork is... yoyowordup Georgia and Mississippi WC Exemption question Posted: Wed Nov 13 -- GA. I noticed there were no replies because nobody clearly knows. They are called Phantom Policies. A certificate that indicates there is a... BOPCITY Travelers reducing commissions Posted: Tue Nov 12 -- I can remember when national companies treated their agents like the regionals do now. Back then they really acted like they valued the... Long Island agent Erie Insurance, feedback please. Posted: Tue Nov 12 -- I've been in the insurance business for a long time; 39 years, 38 years in the agency side, and 30 years as an agency owner. One important... Long Island agent SEO and buying back links Posted: Mon Nov 11 -- Yes, buying back-links can build up your SEO, but it would be best to actually work on it yourself. Just start off with a simple blog and... PMG Agency Hartford School of Insurance Posted: Mon Nov 11 -- I just sent two of my new CSRs through this program. They both did the virtual calssroom (online) version and I think it is the bet one... superdash8 Plaza Insurance for Para Transit Posted: Thu Nov 7 -- Does anyone know of any MGA's that have access to Plaza Insurance for auto liability on a Para Transit company? taximan Free CE Classes in Martinsville and Danville, VA Posted: Wed Nov 6 -- Hi all, I need assistance in finding some free CE Classes in Martinsville and Danville, VA area. Please advise. Thank you for your help in... Helenhsu45 CA liability coverage for product - Gopher Gasser Posted: Tue Nov 5 -- Hartford will cancel current GL policy if this product in production. The market from AgentSecure decline it. Let me try Bliss & Glennon. antagent Go to Forums Reader Comments Senate Expected to Pass Gay Workplace Rights Bill Opposed by House Posted: Thu Nov 7 -- So what!?!?!? What are you saying? That white males should take priority over everyone else? I'm a white male and I'm all for employers... insurance is fun! Older Drivers Catching Up with Younger in Distracted Driving: Survey Posted: Tue Nov 12 -- Welcome to the "Me, Myself, and I" culture. Here is some recommended advice. Rule One -- Put your phone in the glove box before you start... ExciteBiker Arizona Legislator's Close Call in I-10 Dust Storm Prompts Call for Action Posted: Wed Nov 6 -- Huh! How about we ask the Department of Interior or the US Senate or whatever legislative body can be done about hurricanes? Ridiculous!... Vickie Pennsylvania Diocese: Birth Control Mandate 'Historic' Posted: Thu Nov 7 -- The church seems to know a little bit about the use of invisible ink. insurance is fun! Washington Driver Blames 'Gorilla' For Causing Crash Posted: Wed Nov 6 -- Is she sure it wasn't a deer in a gorilla costume? Whodathunkit? Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue November 4, 2013 Focus on Professional Liability / PLUS; Habitational / Dwellings; Agents' E&O Survey; Bonus: Free Ad Readership Study ($2,500 Value); Bonus: The Indiana Issue (Special Supplement) 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 Workers Compensation Elite New Business Underwriter Travel - CA region Underwriter - Workers Compensation Loss Control Services Manager 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 © 2013 by Wells Media Group, Inc.

Daily Headlines: Tuesday, November 12, 2013

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November 12, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Allstate's Esurance Hopes Bundling Auto, Home Coverages Will Separate It From Geico Esurance, the online car insurance seller owned by Allstate Corp., is betting that bundling auto and home policies will help it compete ... Food Stamp Gridlock Hurting Chance of Congress Passing Farm, Crop Insurance Bill The chances of the U.S. Congress passing a five-year farm bill by year's end are a little better than 50/50 given the gridlock over food ... Older Drivers Catching Up with Younger in Distracted Driving: Survey Cell phone use and texting while driving are on the rise along with accessing the internet while driving -- and it's not just young people ... Supreme Court Upholds $11.5M Proposal System Patent Claim Against Hyundai The U.S. Supreme Court turned away a Hyundai Motor Co. unit's appeal of an $11.5 million award in a patent lawsuit over a means of creating ... U.S. Risk Rebrands PL Division, Launches Program for Texas Lawyers U.S. Risk Insurance Group, Inc., a nationwide managing general agency and surplus lines, has launched a new program for Texas lawyers' ... Insurance Kiosks the Wave of the Future? Milk…check; Eggs...check; Bread…check; Car insurance…wait, what? Most Americans' grocery lists don't typically read this way, but... Marsh Urges Energy Insurance Market to Rethink Cyber Clauses There have been many instances in the past where the property insurance market has responded to events that have... More National News Get Involved in Insurance Journal's Charity Issue: Share your story: Send us photos of your volunteering (or a short story of how your firm supports the community) and we'll publish our favorites! Email charity@insurancejournal.com East Massachusetts AG Coakley Takes Aim at 'Patent Trolls' Citing the emerging trend of frivolous patent lawsuits filed against startups and technology companies, Massachusetts Attorney General ... New York's Long Beach Getting $13M for Flood Barriers New York State will spend $13 million on flood barriers for the industrial district of Long Beach, Long Island. The district was badly ... N.Y.-Based Crystal & Company Appoints Executive Vice President New York-based brokerage Crystal & Company named Charles Williamson as executive vice president, field operations and corporate ... Jimcor Agencies in New Jersey Appoints Divisional Manager Jimcor Agencies announced the appointment of Alan G. Belthoff to the position of divisional manager. Belthoff has worked with international ... More East News Midwest Audit: Numerous Factors Aided MNsure Agent Data Breach Leaders of Minnesota's new health insurance exchange could have done more to prevent the disclosure of Social Security numbers belonging to ... AssuredPartners of Missouri Acquires AHM Financial Group AssuredPartners of Missouri, an AssuredPartners Inc. platform operation, has completed the asset acquisition of the AHM Financial Group LLC ... Michigan Landlord Sentenced to 55 Years in Arson Case A 74-year-old West Michigan landlord convicted of arson and other charges in a case involving insurance fraud has been sentenced to 55 ... South Dakota Farmer Charged With Filing False Insurance Claims A South Dakota farmer is charged in federal court with three counts of filing false crop insurance claims. Fifty-two-year-old Nicholas ... More Midwest News Southeast West Virginia Counties Launch Mobile App Alert for Emergencies, Big or Small A unique smartphone app was launched geared at keeping Cabell and Wayne county residents aware of local emergencies, from small traffic ... North Carolina Man Accused of Auto Insurance Fraud William Henry Bullock, 64, of Knightdale, North Carolina has been arrested on a charge of obtaining property by false pretense, according ... More Southeast News South Central Workers' Comp Rate Cut Recommended for Louisiana A national group is recommending that the state of Louisiana cut workers' compensation rates by 5 percent because of fewer workplace claims ... Sleeper Sewell Insurance Services Acquires Planned Benefits Sleeper Sewell Insurance Services Inc., a division of ANBTX Insurance Services, has acquired Planned Benefit Services Inc., a Dallas-based ... Select Insurance Markets Adds Paschali Select Insurance Markets LP (SIM) has added Leila Paschali to its marketing team. Paschali is based in Austin, Texas. Her responsibility ... Texas Approves 10 Companies to Self-Insure for Workers' Comp The Texas Department of Insurance, Division of Workers' Compensation (TDI-DWC) approved ten renewals of the Certificates of Authority for ... Oklahoma Man Pleads Guilty To Arson-Related Fraud A Broken Arrow, Okla. man has pleaded guilty to a federal mail fraud charge that authorities say is related to an alleged arson at an east ... More South Central News West Arizona DPS to Crack Down On Texting Drivers The Arizona Department of Public Safety plans to crack down on drivers who are distracted by texting or their cellphones in general. The ... 5 Southern California Jail Inmates Awarded $740,000 in Force Suit A federal jury has awarded $740,000 to inmates who suffered broken bones when guards put down a Los Angeles County jail protest. City News ... California Company Recalls Prepackaged Salad, Sandwich More than 90 tons of ready-to-eat salads and sandwiches by a California catering company are being recalled after 26 people in three states ... The Wright Group Acquires Assets from AFS in Colorado Denver, Colo.-based The Wright Group Services announced it has purchased substantially all the annuity sales assets from Affiliated ... More West News International Haiyan Worse for Philippines Than Sandy for U.S.; Only 10-15% of Loss Insured Destruction from Typhoon Haiyan, which flattened buildings and unleashed storm surges that may have killed 10,000 people, could be several ... New UK Financial Watchdogs Face Surge in Staff Turnover: Reuters Staff have been quitting Britain's financial watchdogs at nearly twice the rate since they were split into two bodies this year, data seen ... Irish Regulator Says It Flagged RSA Reserving Issues in August Ireland's financial regulator first identified concerns over RSA Insurance Group Plc's local unit in August, three months before the ... Japan Earmarks Additional $30B for Fukushima Clean-Up, Compensation Japan's government is finalising plans to borrow an additional 3 trillion yen ($30 billion) to pay for compensating Fukushima evacuees and ... Canadian National Railway Suffers Fourth Derailment in Month A Canadian National Railway Co. train derailed in northern Ontario this past weekend, and an estimated 40 carloads of grain left the ... 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 Erie Insurance, feedback please. Posted: Tue Nov 12 -- I've been in the insurance business for a long time; 39 years, 38 years in the agency side, and 30 years as an agency owner. One important... Long Island agent SEO and buying back links Posted: Mon Nov 11 -- Yes, buying back-links can build up your SEO, but it would be best to actually work on it yourself. Just start off with a simple blog and... PMG Agency Hartford School of Insurance Posted: Mon Nov 11 -- I just sent two of my new CSRs through this program. They both did the virtual calssroom (online) version and I think it is the bet one... superdash8 Travelers reducing commissions Posted: Mon Nov 11 -- I've always felt that the independent agent has the obligation to offer what is best for a specific prospect at a specific point in time.... d's insurance store Georgia and Mississippi WC Exemption question Posted: Mon Nov 11 -- For these states, this question is about one-man subcontractors with no employees. GA- I see that an employer's owners can exempt themselves... rcenters Plaza Insurance for Para Transit Posted: Thu Nov 7 -- Does anyone know of any MGA's that have access to Plaza Insurance for auto liability on a Para Transit company? taximan Free CE Classes in Martinsville and Danville, VA Posted: Wed Nov 6 -- Hi all, I need assistance in finding some free CE Classes in Martinsville and Danville, VA area. Please advise. Thank you for your help in... Helenhsu45 CA liability coverage for product - Gopher Gasser Posted: Tue Nov 5 -- Hartford will cancel current GL policy if this product in production. The market from AgentSecure decline it. Let me try Bliss & Glennon. antagent New Phone Line System Help Posted: Tue Nov 5 -- I highly suggest you RUN AWAY from any VOIP proposal from Megapath. I just recently went through HELL with this terrible company and being... mhutch69 Go to Forums Reader Comments Senate Expected to Pass Gay Workplace Rights Bill Opposed by House Posted: Thu Nov 7 -- So what!?!?!? What are you saying? That white males should take priority over everyone else? I'm a white male and I'm all for employers... insurance is fun! Arizona Legislator's Close Call in I-10 Dust Storm Prompts Call for Action Posted: Wed Nov 6 -- Huh! How about we ask the Department of Interior or the US Senate or whatever legislative body can be done about hurricanes? Ridiculous!... Vickie World Needs Insurance Industry to Be 'Bold' and 'Sexy' Now, PLUS Told Posted: Tue Nov 5 -- How about being Honest and noble and integrity and guts instead serious agent Pennsylvania Diocese: Birth Control Mandate 'Historic' Posted: Thu Nov 7 -- The church seems to know a little bit about the use of invisible ink. insurance is fun! Washington Driver Blames 'Gorilla' For Causing Crash Posted: Wed Nov 6 -- Is she sure it wasn't a deer in a gorilla costume? Whodathunkit? Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue November 4, 2013 Focus on Professional Liability / PLUS; Habitational / Dwellings; Agents' E&O Survey; Bonus: Free Ad Readership Study ($2,500 Value); Bonus: The Indiana Issue (Special Supplement) 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 New Business Underwriter Travel - CA region Underwriter - Workers Compensation Loss Control Services Manager Senior Safety & Health Consultant 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 © 2013 by Wells Media Group, Inc.

Insurance Journal TV: How Insurance Keeps Up with Fracking New Energy Risks

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November 12, 2013 Feature Video How Insurance Keeps Up with Fracking, New Energy Risks Brian McCarthy heads Energi Insurance in Peabody, Mass., an industrial insurer specializing in insuring the country's energy risks. In this interview with Andy Simpson, McCarthy... Watch Now Popular Videos Rusbuldt on McKinsey 5: Where Will Agents Really Be in 5 to 10 Years? A World With or Without TRIA 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 © 2013 by Wells Media Group, Inc.