Mar 26, 2013

Daily Headlines: Tuesday, March 26, 2013

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Insurance Journal Daily Headlines
March 26, 2013
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Bankers to Be Held Personally Liable for Sanctions Violations: U.S. Treasury

The U.S. Treasury Department plans to hold bankers personally responsible and subject them to fines when their banks help countries such as ...

Q&A: Congressional Politics and Prospects for Terrorism Insurance Renewal

The Terrorism Risk Insurance Act, which was initially enacted in 2002, and amended by the Terrorism Risk Insurance Revision and Extension ...

Evacuation Saved Lives, Says Transocean Deepwater Horizon Safety Officer

The officer in charge of safety on Transocean's Deepwater Horizon drilling rig, destroyed in a BP well accident that caused the worst-ever ...

SEC Approves Nasdaq Deal for Facebook IPO But Lawsuits Could Follow

U.S. regulators approved Nasdaq OMX Group's $62 million compensation plan for firms that lost money in Facebook Inc.'s glitch-ridden market ...

Congressmen Renew Push for Tougher Federal Mine Safety Laws

With five coal mining fatalities in West Virginia so far this year, Democratic U.S. Rep. Nick Rahall is renewing his push for tougher ...

ACE Launches Borderless International Pollution Liability Coverage

ACE USA, the U.S.-based retail operations of the ACE Group, has introduced a foreign casualty pollution liability coverage endorsement. ...

Transportation Intermediaries Association to offer CargoNet Services

Verisk Crime Analytics has formed an agreement between its CargoNet division and the Transportation Intermediaries Association (TIA) to ...

From MyNewMarkets.com ISO Commercial Property Changes - Part 3 - Altered Existing Endorsements

The commercial property changes presented in ISO's filing begin taking effect on April 1, 2013 (effective dates differ by state). This...
Carrier Management

17 P/C Insolvencies, Only One Cat-Driven In 2012: A.M. Best

Only one of 17 property/casualty insurance carriers that became financially impaired in 2012 suffered its impairment as...
Sponsored by: Astonish. Training, Marketing, Technology. The Complete Business Growth System Exclusively for the Insurance Industry! Click here for more information.
East

NYC Sandy Home Repair Program Wraps Up After Fixing 20K Homes

A novel endeavor to make flooded homes habitable after Superstorm Sandy is wrapping up after repairs to more than 20,000 houses and ...

Connecticut's Gun Liability Insurance Bill Withdrawn After Hearing

Connecticut's recently proposed bill that would require firearm owners to maintain excess personal liability insurance and self defense ...

Scottsdale Insurance Agrees to Pay $1M to Fired Pennsylvania County Employees

A group of northeast Pennsylvania county workers will share a $1 million settlement that will end five years of federal litigation over ...

Aon Risk Solutions Names COO for Greater New York Region

Aon Risk Solutions, the global risk management business of Aon plc, announced the promotion of Matthew Schneider as chief operating officer ...
Sponsored by: Insurance Journal. Young Insurance Agents: Tell Us What You Think. Tell us what you think about the insurance industry, the agency you work in, and what young agents want in an insurance career. Click here to take the survey.
Midwest

Outlook for National Fire and Indemnity Exchange Revised to Negative

A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of A- (Excellent) and issuer ...

Ohio Chiropractor Sentenced for $33K Attempted Insurance Fraud

Ohio Lieutenant Governor and Insurance Director Mary Taylor announced that Boardman, Ohio chiropractor David Esarco has been sentenced for ...

Erhart Promoted to Corporate VP at Great American Insurance Group

Great American Insurance Group, based in Cincinnati, Ohio, has promoted Sue Erhart to corporate vice president of its property and casualty ...
Southeast

Kentucky Lawmakers May Override Governor's Veto of Religious Rights Bill

Gov. Steve Beshear has vetoed a bill that was intended to provide stronger protections of religious rights in Kentucky, setting the stage ...

Florida Skydivers' Deaths Under Investigation

Two skydivers from Iceland who died during weekend jumps at a popular southwest Florida camp did not deploy their main parachutes, the ...

Georgia Supreme Court Upholds Driver's License Law

Georgia's highest court has rejected a Mexican national's argument that part of a state law that requires a Georgia-issued driver's license ...

South Carolina Cites 300 Firms for Illegal Workers

South Carolina officials have cited more than 300 businesses for immigrant worker violations. The State newspaper reported that state labor ...
The Agent's Role in Enterprise Risk Management - live webinar March 28 from Academy of Insurance - click here to reserve your spot today!
South Central

Texas Windstorm Insurer Board: No Receivership at This Time

Numerous representatives from Texas coastal counties, cities and business organizations on March 25 spoke before the board of the state's ...

More than 500 to Guide Arkansas Residents on Health Insurance Options

Come summer, at least 535 trained guides will start fanning out across Arkansas, knocking on doors, setting up folding chairs in community ...

Louisiana's St. Bernard Parish Gets $10M to Elevate Homes

St. Bernard Parish officials say the suburban New Orleans community has $10 million in federal grants available to help residents elevate ...
Sponsored by: Texas Mutual Insurance Company. Stability is a reflection on the agent. Texas Mutual is consistent in all aspects of its business. Click here for more information.
West

Jury Awards $3.5M To Alaska Man Wrongfully Fired

A 76-year-old Alaska man has won a wrongful termination lawsuit against a company that fired him in 2008. An Anchorage jury awarded $3.5 ...

Acura Recalling TSX Sedans for Corrosion

Honda Motor Co.'s luxury Acura brand is recalling 76,000 TSX sedans in America because corrosion could cause them to stall in cold weather. ...

Ex-Montana Workers Claim Hostility, Sex For Favors

Former Montana Disaster and Emergency Services employees claim the division's chief of staff traded sex for favoritism with a subordinate, ...
International

France Threatens to Delay Quick Start of EU-U.S. Trade Talks

France threatened on Monday to delay the swift start of EU-U.S. trade talks if its red lines on culture and farm produce are not respected. ...

London Maintains Top Position in Latest Global Financial Centers Index

According to the latest survey, conducted by the Financial Center Futures team at the London based Z/Yen Group, London, New York, Hong Kong ...

AXA in Exclusive Deal to Sell Stake in Private Equity Division

France's AXA Group announced that its asset management subsidiary, AXA Investment Managers (AXA IM), has received an irrevocable offer from ...

Willis Re Makes Management Changes in Australian Operation

Willis Group Holdings, the global risk advisor and insurance broker, has announced important changes to the leadership team at Willis Re ...

Gen Re Names Flitcroft Marketing Manager for P/C Treaty in Australia, NZ

Gen Re announced the appointment of Andrew Flitcroft as Marketing Manager for the Property/Casualty Treaty business in Australia and New ...

PartnerRe Ltd. Establishes New Companion Facility, Lorenz Re

PartnerRe Ltd. has formed Lorenz Re Ltd., a special purpose insurer domiciled in Bermuda. Lorenz Re was capitalized with $75 million ...

Last Ditch Cyprus Bank Deal Brings Little Relief; Much Uncertainty

At a Cypriot pawnbroker, one of the few growth industries in Europe's debt-ridden south, someone had vented the anger of an island: ...
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Insurance Journal Blogs

FIGA Reforms Should Increase Flexibility, Not Eliminate It

When it comes to property insurance reform in Florida, everyone is basically focused on proposals that deal with the Florida Hurricane ...

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Greenberg's View: First Job, Corporate Culture

Maurice "Hank" Greenberg helped build American International Group into the world's largest...
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D&O Trends: Keeping Eye on Securities Litigation

There have been a lot of changes in the world of securities litigation. Insurance Journal...

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New Discussions in the Forums

Smart Choice or Superior Access
Posted: Tue Mar 26 -- i don't have an answer for any of the post here today but just want to share my experience with Smart Choice. i have a new agency and signed... robert
Arizona broker fees
Posted: Mon Mar 25 -- If the Wholesale Broker / MGA is making the filing (regardless of the retail agent having a SL license), then my information was correct. If... AZagent
AI request on form 126 - where do you
Posted: Fri Mar 22 -- Either of those works, but also put it in the hazards (class code & rate) section with Addl Ins BF so if they see it on the rating portion... FurriePrincess
What is your biggest pain as an agent?
Posted: Tue Mar 19 -- Silly requests on COI's from people who think they know what they are doing. Examples: Requiring a 2/4 GL limit, nothing else, when insured... kevinraz
Insurance agencies for sale ?
Posted: Mon Mar 18 -- I've got an idea or two. First, contact your broker who handles your E&O agency policy...they're going to know first when an agency is ready... d's insurance store
Insurance directories??
Posted: Sun Mar 17 -- I agree the BBB is a great directory to use and it will provide a boast to the rankings Google applies to your site. The more trusted the... BestCarCoverage
Astonish Results or Squid
Posted: Fri Mar 15 -- NYagent301- I'm also a 24 year veteran industry professional...while its true everyone is Entitled to their personal opinion, and It's true... Pathwayinsurance
Online Competition
Posted: Fri Mar 15 -- "I believe you are incorrect in your assumption. Clients do want value. You just need To take steps to educate them on why they need value.... Robert742

Reader Comments

Lobbyists Keep Battling As Obamacare Turns 3
Posted: Mon Mar 25 -- There has never been a bill passed in Congress in the history of the country that has had as much negatively said about it after this much... Agent
Florida Gov. Scott, Insurers Vow Fight to Save PIP Law After Injunction
Posted: Fri Mar 22 -- Just do away with this outdated coverage. Create reasonable mandatory bodily injury liability limits. Make UIM/UM a mandatory coverage with... TN
Insurance Claim-Padding OK with 24% of Americans: Survey
Posted: Wed Mar 20 -- T, We see the evidence of insurance fraud every day. Professional claimants abound. Everything from staged auto accidents, slips and falls... Agent
Buffett's Salary Unchanged After 25 Years
Posted: Wed Mar 20 -- Personally, when the level of wealth of the Buffetts of the world is reached, it's not about how much a man "has" as how much he "controls".... phoenix
Mississippi House Revives Guns in School Proposal
Posted: Tue Mar 19 -- "House Education Committee Chairman John Moore, R-Brandon, said the carnage of the Newtown, Conn., school shooting could have been prevented... insurance is fun!

Current Issue

March 25, 2013
Current Issue
Hot New Markets; High Risk Property; Corporate Profiles - Regional Edition; 2012 Mergers & Acquisitions Summary Report; Quarterly Employee Benefits Brokerage Report

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Insurance Journal TV: DO Trends: Evolution of DO Products

Insurance Journal TV
March 26, 2013
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Evolution of D&O Products

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Insurance Journal
3570 Camino del Rio North, Suite 200
San Diego, CA 92108
(800) 897-9965
Copyright © 2013 by Wells Media Group, Inc.

Mar 25, 2013

Daily Headlines: Monday, March 25, 2013

Sponsored by: IMCA. 2013 IMCA Annual Conference Showcase Awards. Philadelphia, PA. June 23-26, 2013. Click here for more information.
Insurance Journal Daily Headlines
March 25, 2013
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Crowded U.S. Coastal Areas to Get Even More Crowded: NOAA

If current population trends continue, the already-crowded U.S. coast will see population grow from 123 million people to nearly 134 ...

Record Crop Claims Fuel Debate Over Government Subsidies for Farmers

Farmers will be paid a record $16 billion in crop insurance claims for 2012 because of the widespread drought, a staggering amount that has ...

Ruling Against News Aggregator Could Affect Copyright 'Fair Use'

A federal judge concluded that an Internet news clipping service essentially resold stories from The Associated Press, saying in a decision ...

Lobbyists Keep Battling As Obamacare Turns 3

Eight months before President Barack Obama's health care law goes prime time, a confederation of industry and business groups is ramping up ...

Last Chance: Young Agents, Tell Us What You Think

Are you a young insurance agent, 40 years old or younger? Do you know a young insurance agent? Today is the deadline to tell the industry ...

Financial Firms Tie Support for Consumer Chief Cordray to Bureau Reforms

The Financial Services Roundtable says it will support the confirmation of Richard Cordray to lead the Consumer Financial Protection Bureau ...

Marsh's Mastrolia Joins Swett & Crawford Wholesale's Construction Team

Swett & Crawford Wholesale has appointed Anthony "Tony" Mastrolia as executive vice president of Construction. Mastrolia brings to Swett & ...

AIG Introduces Risk Financing Option for U.S. Casualty Clients

American International Group, Inc. (AIG) has launched Collateral Flex Option (CFO), a new risk financing option for companies with large ...

From MyNewMarkets.com ISO Commercial Property Changes - Part 2 - Cause of Loss Form Changes

Insurance Services Office's (ISO's) form and endorsement filing is actually quite fascinating. The commercial property changes presented...
Carrier Management

P/C Carrier 2012 M&A Deals Nosedive: Conning

Amounting to just $4.7 billion in aggregate deal value, 46 merger and acquisition transactions announced in the...
Sponsored by: Carrier Management. Critical Information for P/C Execs and Directors. A special thanks to our sponsor Quadrant. Click here for more information.
East

N.J. Gov.: FEMA May Scale Back Hazardous Designations in New Flood Maps

Since shortly after Superstorm Sandy pummeled the Jersey shore last October, homeowners up and down the coast have agonized over whether to ...

General Star Expands Accountants Program into Pennsylvania

General Star Management Co. has expanded its admitted accountants professional liability program into Pennsylvania. Pearl Insurance, ...

Massachusetts Sees Dramatic Dip in Car Thefts

Car thefts in Massachusetts have dropped by 88 percent since the mid-1970s, when the state had the dubious distinction of being the ...

N.J. Poll: Rules Needed for Rebuilding After Superstorm

A new poll finds most New Jersey voters surveyed believe the state should impose specific rules on property owners who are rebuilding after ...

Patriot National Appoints Northeast Regional VP in Pennsylvania

Workers' compensation insurer Patriot National Insurance Group appointed Timothy O'Malley as the Northeast regional vice president. In his ...
Sponsored by: Insurance Journal. Young Insurance Agents: Tell Us What You Think. Tell us what you think about the insurance industry, the agency you work in, and what young agents want in an insurance career. Click here to take the survey.
Midwest

Missouri Regulators Reach $2M Settlement with Travel Insurance Company

The Missouri Department of Insurance announced that Missouri consumers who purchased travel insurance policies sold by a Pennsylvania-based ...

Ohio Marks 1913 Flood Centennial, Warns of Dangers

State officials are using the 100th anniversary of a devastating and deadly flood to encourage Ohioans to prepare for potential high water ...

Indiana AG Recovers $18M in Unclaimed Insurance Benefits

Some Indiana residents may be receiving life insurance money they weren't aware they were entitled to. Attorney General Zoeller announced ...
The Agent's Role in Enterprise Risk Management - live webinar March 28 from Academy of Insurance - click here to reserve your spot today!
Southeast

Florida Lawmaker Wants to End Insurance Company Tax Credit

A top Senate Republican wants to roll back fees now charged to Floridians to renew their driver's license and car tags. Sen. Joe Negron, ...

Christian Health Insurer, Pension Liability Top Kentucky Legislature's Closing Days

Lawmakers return to the Capitol on Monday with two days remaining to pass legislation intended to shore up Kentucky's pension plans for ...

FDA Warns on Georgia Compounding Pharmacy Recall

The Food and Drug Administration is warning doctors that a Georgia-based compounding pharmacy is recalling dozens of lots of the Roche drug ...

Florida Debates Wage Theft Legislation

Businesses and workers-rights advocates are fighting over a bill that would set uniform state standards for employees who say they haven't ...

American Integrity, Wright Flood to Offer Residential Flood Insurance

Florida residential property insurer American Integrity Insurance Group has partnered with Wright Flood, a flood insurance provider to ...
South Central

Receivership Proposed for Texas' Insurer of Last Resort

In a meeting on March 25, the board of directors of Texas' insurer of last resort in coastal areas is expected to discuss the ...

Texas Arson Convictions Under Review In Light of New Fire Science

Ed Graf was given life in prison 25 years ago for killing his two stepsons by locking them in a backyard shed and setting it on fire. Two ...

Oklahoma Independent Agents Express Support for Work Comp Bill

Leadership at a statewide association of independent agents in Oklahoma has issued statements publicly supporting workers' compensation ...

Louisiana Citizens Borrowing Plan Stalls in Bond Commission

State officials stalled a decision on whether Louisiana's property insurer of last resort should borrow $100 million to help close an ...
West

Montana Panel Considers Ending Unisex Insurance Rates

Supporters of a bill that would allow some insurance companies to consider sex when determining policy rates say the measure would put ...

1980s Computer Monitor Blamed For Utah Church Fire

Investigators are blaming a 1980s-era computer monitor for a fire that ravaged a Clearfield church this week. The Standard-Examiner reports ...

Washington Weighs First Abortion Insurance Mandate In US

In 1970, Washington became the first - and remains the only - state in the country to legalize elective abortions by a popular vote. A ...

New Mexico Jury Awards $58.5 Million In Tanker Accident

Jurors who wanted to send a message to the trucking industry awarded $58.5 million to the estate and family of a Carlsbad, N.M. man fatally ...

New Mexico Reaches Settlement Over Massive Tire Dump

A massive tire dump that stretches through a remote arroyo in northeastern New Mexico will be cleaned up as part of a settlement reached ...

PCI Slams Oregon Bad Faith Proposals

A handful of bills proposed in Oregon could hit consumers with nearly $200 million in cost increases and yield a rash of lawsuits, ...
International

UK Online Aggregators Now Have 40% of Personal P/C, but not Commercial

"Online aggregators have revolutionized the distribution of personal lines insurance in the UK," concludes a study from Finaccord, a market ...

Little Takes over from Keogh as EQECAT President

The Texas-based ABS Group announced that it has appointed Paul Little as President of EQECAT, its catastrophe modeling company. He replaces ...

Ratings Recap: Solid, Allianz France, Risk Re

A.M. Best Europe - Rating Services Limited has upgraded the issuer credit rating to "bbb+" from "bbb" and affirmed the financial strength ...
Insurance Journal Blogs

Jersey Pols Shill for the NFIP's Three-Card Monte

My home state of New Jersey has been the scene of a number of historic events over the years, both famous and infamous: the invention of ...

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Greenberg's View: AIG's Rise and Near Fall, Spitzer's Campaign, Financial Crisis

Maurice "Hank" Greenberg helped build American International Group into the world's largest...
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Gordy Bunch on Growth at The Woodlands Financial Group

Richard "Gordy" Bunch, president and CEO of The Woodlands Financial Group, readily concedes...

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New Discussions in the Forums

AI request on form 126 - where do you
Posted: Fri Mar 22 -- Either of those works, but also put it in the hazards (class code & rate) section with Addl Ins BF so if they see it on the rating portion... FurriePrincess
Arizona broker fees
Posted: Fri Mar 22 -- You are making the assumption of a couple of things: 1. That the retail agent is not the one with a surplus lines license 2. That I was not... INTLXS
What is your biggest pain as an agent?
Posted: Tue Mar 19 -- Silly requests on COI's from people who think they know what they are doing. Examples: Requiring a 2/4 GL limit, nothing else, when insured... kevinraz
Insurance agencies for sale ?
Posted: Mon Mar 18 -- I've got an idea or two. First, contact your broker who handles your E&O agency policy...they're going to know first when an agency is ready... d's insurance store
Insurance directories??
Posted: Sun Mar 17 -- I agree the BBB is a great directory to use and it will provide a boast to the rankings Google applies to your site. The more trusted the... BestCarCoverage
Astonish Results or Squid
Posted: Fri Mar 15 -- NYagent301- I'm also a 24 year veteran industry professional...while its true everyone is Entitled to their personal opinion, and It's true... Pathwayinsurance
Online Competition
Posted: Fri Mar 15 -- "I believe you are incorrect in your assumption. Clients do want value. You just need To take steps to educate them on why they need value.... Robert742
Trailer Interchange 75k Delaware
Posted: Tue Mar 12 -- Does anyone have a market for $75k in trailer interchange coverage, and $250k cargo coverage that would include the insured hauling 3 -5... DIG2013

Reader Comments

Insurance Claim-Padding OK with 24% of Americans: Survey
Posted: Wed Mar 20 -- T, We see the evidence of insurance fraud every day. Professional claimants abound. Everything from staged auto accidents, slips and falls... Agent
Suit Alleges Oregon Teen Burned During MRI
Posted: Mon Mar 18 -- I do believe the boy is entitled to pain and suffering for the carelessness of the technician... but $2,000,000 seems excessive. Suze
Buffett's Salary Unchanged After 25 Years
Posted: Wed Mar 20 -- Personally, when the level of wealth of the Buffetts of the world is reached, it's not about how much a man "has" as how much he "controls".... phoenix
Mississippi House Revives Guns in School Proposal
Posted: Tue Mar 19 -- "House Education Committee Chairman John Moore, R-Brandon, said the carnage of the Newtown, Conn., school shooting could have been prevented... insurance is fun!
Florida Gov. Scott, Insurers Vow Fight to Save PIP Law After Injunction
Posted: Fri Mar 22 -- Just do away with this outdated coverage. Create reasonable mandatory bodily injury liability limits. Make UIM/UM a mandatory coverage with... TN

Current Issue

March 25, 2013
Current Issue
Hot New Markets; High Risk Property; Corporate Profiles - Regional Edition; 2012 Mergers & Acquisitions Summary Report; Quarterly Employee Benefits Brokerage Report

More Newsletters

Choose Newsletters
Enter Your E-mail

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.
Insurance Journal
3570 Camino del Rio North, Suite 200
San Diego, CA 92108
(800) 897-9965
Copyright © 2013 by Wells Media Group, Inc.

Mar 22, 2013

Daily Headlines: Friday, March 22, 2013

Sponsored by: Target Markets. 2013 TMPAA Mid Year Meeting. Hilton Baltimore. Baltimore, Maryland. May 6-8. Click here for more information.
Insurance Journal Daily Headlines
March 22, 2013
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Sandy Losses Wiped Out Entire U.S. Marine Premiums for 2012: IUMI

The cost of Superstom Sandy to the global marine market has been put at between $2.5 billion and $3 billion -- which effectively wipes out ...

Supreme Court to Hear Drugmakers' 'Pay for Delay' of Generic Products Case

The U.S. Supreme Court will hear arguments on Monday over whether big drug companies can settle patent litigation with generic rivals by ...

Turning Tornado Debris Into Better Storm Warnings

Photos and mementoes that were snatched up and blown hundreds of miles during tornados in the south of the United States two years ago are ...

Doctors Offer Guidelines on Sports Concussions

When athletes are suspected of having a concussion, they should be taken out of action immediately, new guidelines from a major medical ...

Philadelphia Launches New Media Liability Coverage

Philadelphia Insurance Companies (PHLY) has launched a new insurance coverage offering for both media companies and organizations that ...

State Auto Introduces Data Compromise Plus

The State Auto Insurance Cos. have created a new data breach policy called Data Compromise Plus to address this growing coverage need faced ...

Agents Seek Mobile Apps for Customer Self-Service, Sales Help: Survey

Independent agents and brokers want their customers to be able to "self-serve" on mobile devices, and sales and quotes are key capabilities ...

From MyNewMarkets.com ISO Commercial Property Changes - Part 2 - Cause of Loss Form Changes

Insurance Services Office's (ISO's) form and endorsement filing is actually quite fascinating. The commercial property changes presented...
Carrier Management

Individual P/C Carrier Results Lackluster, Despite Aggregate '12 Improvement: Fitch

Although the aggregate operating results for a group of large publicly traded property/casualty insurers improved...
Sponsored by: Insurance Journal. Young Insurance Agents: Tell Us What You Think. Tell us what you think about the insurance industry, the agency you work in, and what young agents want in an insurance career. Click here to take the survey.
East

NYCIRB Examines N.Y.'s Proposed Workers' Comp Reform Bills

New York Gov. Andrew Cuomo's workers' compensation reform proposals are expected to bring overall net savings to employers, according to ...

Penn. Regulators Urge Consumers to Consider Buying Flood Insurance

The Pennsylvania Insurance Department is encouraging homeowners to consider buying flood insurance to help protect against potential spring ...

Dunes vs. Property Rights in Storm-Battered New Jersey

The sand dune that ruined Harvey and Phyllis Karan's view of the ocean allowed their beachfront home to see another day when Superstorm ...

New York City Sees Increase in Traffic-Related Deaths

The number of New York City traffic fatalities is on the rise.Officials say 274 people died in traffic-related deaths in 2012. That's up ...

Wells Fargo Insurance Names Head of M&A Group in New York

Wells Fargo Insurance, part of Wells Fargo & Company, named Richard Colton head of its mergers and acquisitions industry practice. Based in ...
Sponsored by: Carrier Management. Exclusive Interview with Hank Greenberg. The Interview Every Top Insurance Executive Needs To See. Click here for more information.
Midwest

Judge Awards Ohio Employers $860M for Workers' Comp Overcharges

Ohio employers are collectively owed $860 million after being overcharged for nearly a decade by the state insurance fund for injured ...

Esurance and Walmart Team Up for Auto Insurance Discount Program

Esurance is launching a pilot program offering auto insurance discounts to customers at select Walmart stores in Illinois. Through the ...

Report: Fargo Should Expect 1 of its Worst Floods

Residents along the Red River in Fargo, N.D., and neighboring Moorhead, Minn., should prepare for one of the top five floods in their ...

Safety Effort Targets Missouri's Older Drivers

Officials unveiled a public health campaign on March 20 aimed at helping get aging Missouri men and women off the roads when it's no longer ...
The Agent's Role in Enterprise Risk Management - live webinar March 28 from Academy of Insurance - click here to reserve your spot today!
Southeast

Florida Gov. Scott, Insurers Vow Fight to Save PIP Law After Injunction

A Florida circuit court judge has issued a temporary injunction against certain provisions of the state's no-fault personal injury ...

Mississippi Damages Cap Question Not Settled by U.S. Court Ruling

A decision by the Fifth Circuit Court of Appeals that Mississippi's $1 million cap on non-economic damages arising from civil litigation ...

Kentucky Supreme Court Disbars 'Godfather' of Class Actions

An Ohio attorney known as the godfather of the modern class-action lawsuit was disbarred Thursday by the Kentucky Supreme Court, which ...

DUI Case Puts Spotlight on Kentucky State Police Lab Tests

The Jefferson County Attorney's Office says a judge's decision to acquit a Louisville woman of an impaired driving charge shows the ...
South Central

Oklahoma Panel Clears Roofing Bond Requirement Bill

An Oklahoma House committee has approved a proposal that its sponsor said would help protect Oklahomans from what he called subpar roofing ...

Beware March 25, a Rough Weather Day for Austin

Three of the most damaging and costliest hailstorms in the history of Austin, Texas, have all occurred on March 25. While Texas usually ...

Claims Against BP Contractors Dismissed at Trial

A federal judge conducting a trial to assign fault for the nation's worst offshore oil spill dismissed claims against a BP contractor and ...

Arkansas House Panel OKs Small Business Financing Bill

An Arkansas House committee has advanced a proposal to establish a new economic development program in the state aimed at driving private ...
West

Alaska Insurance Division Offers Car Accident App

The Alaska Division of Insurance is offering a free app that officials say can help drivers involved in car accidents. Officials say the ...

Alcohol Discrimination Ruling Upheld In Montana Inmate's Death

A state hearings officer has upheld a ruling that Blaine and Hill counties showed discriminatory indifference toward an 18-year-old inmate ...

Marijuana Training Program Approved In Colorado

A marijuana proposal aimed at training people who work in medical marijuana businesses awaits the governor's pen in Colorado. The Senate ...
International

How Red Bull Handled Product Tampering Threat Could Pay Off

Austrian company Red Bull's unusual decision to go public on a blackmailer's threat to contaminate its energy drinks with feces could cost ...

Russia Rebuffs Cyprus Aid; EU Awaits Bailout 'Plan B'

Cyprus' finance minister left Moscow empty-handed on Friday after Russia turned down appeals for aid, leaving the island to strike a ...

BRICS to Endorse Plans for Reserves Pool, Development Bank

Leaders of the world's major emerging economies are likely to endorse plans at a summit next week to create a joint foreign exchange ...

Zurich Names Quin to Head Investor Relations, Rating Agency Management

Zurich Insurance Group announced the appointment of James Quin, (44, British citizen), to the position of Head of Investor Relations and ...

Ratings Recap: Triglav/Triglav Re, Tristar

A.M. Best Europe - Rating Services Ltd. has assigned a financial strength rating of 'A-' (Excellent) and issuer credit ratings of "a-" to ...
Insurance Journal Blogs

Outsourcing Your Digital Marketing Strategy: When do you know it's time?

This post is part of a series on insurance marketing and training sponsored by Astonish. Local insurance agency owners wear multiple hats - ...

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Insurance Journal TV

Video thumbnail

Greenberg's View: AIG's Rise and Near Fall, Spitzer's Campaign, Financial Crisis

Maurice "Hank" Greenberg helped build American International Group into the world's largest...
Video thumbnail

Gordy Bunch on Growth at The Woodlands Financial Group

Richard "Gordy" Bunch, president and CEO of The Woodlands Financial Group, readily concedes...

TV icon Watch more videos at InsuranceJournal.tv

New Discussions in the Forums

Arizona broker fees
Posted: Fri Mar 22 -- Whoops --- not correct information -- In Arizona a fee for surplus lines business can be charged only by a surplus lines broker and a tax... AZagent
Insurance agencies for sale ?
Posted: Mon Mar 18 -- I've got an idea or two. First, contact your broker who handles your E&O agency policy...they're going to know first when an agency is ready... d's insurance store
Insurance directories??
Posted: Sun Mar 17 -- I agree the BBB is a great directory to use and it will provide a boast to the rankings Google applies to your site. The more trusted the... BestCarCoverage
AI request on form 126 - where do you
Posted: Sat Mar 16 -- I was talking to some agent friends this week, they each work at a different agency. We started discussing completed Acord forms. One agent... etimer
Astonish Results or Squid
Posted: Fri Mar 15 -- NYagent301- I'm also a 24 year veteran industry professional...while its true everyone is Entitled to their personal opinion, and It's true... Pathwayinsurance
Online Competition
Posted: Fri Mar 15 -- "I believe you are incorrect in your assumption. Clients do want value. You just need To take steps to educate them on why they need value.... Robert742

Reader Comments

Applying for Obama Health Care Plan Daunting Task
Posted: Fri Mar 15 -- Planet: I already posted a CBO link on regarding the Iraq war spending. Those are the numbers. When numbers don't line up with what you... Bob
Health Cost Savings Innovations Need Time: Obama Official
Posted: Thu Mar 21 -- Everything Obama does needs to "take time." I like the time it took when Bush cut taxes that took place after 9/11 and when the economy was... SFBayArea
Oklahoma Insurance Commissioner Refuses to Enforce Affordable Care Act
Posted: Mon Mar 18 -- I understand what you're saying, and those are interesting points. However, this article is not about those things you mention. This is only... jw
Texas Lawmaker Scolds Insurance Industry over Coastal Coverage
Posted: Fri Mar 15 -- Some wind damage to a roof is one thing,but a total loss due to wind is another.In my mind there is no justification in continually... philip
California Senator Proposes 4 a.m Last Call for Alcohol
Posted: Fri Mar 15 -- ...because people really plan vacations based on which cities pour after 2am? I'm not a crazy prudish wacko, but please consider that maybe... insurance is fun!

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March 11, 2013
Current Issue
Hospitality Risks Directory; Homeowners & Auto; Public Entities

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