 July 23, 2013 Feature Video
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Jul 23, 2013
Insurance Journal TV: Reputational Risk from New Technology a Major Concern for Insureds
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Jul 19, 2013
Daily Headlines: Friday, July 19, 2013
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 July 19, 2013
East Vermont Rebuts U.S. House Panel on Health ExchangeThe state of Vermont is telling a U.S. House panel that it has every right to set up a state health insurance marketplace and require ... Va.-Based Andrew Agency Acquires Samuel D. Baughman Insurance AgencyThe Andrew Agency, an independent insurance agency based in Richmond, Va., announced its acquisition of Samuel D. Baughman Insurance ... Ames & Gough Appoints VP in VirginiaAmes & Gough, an insurance broker and risk management consultant serving design professionals, law firms and other professional ... Silverstein Denied Right to Seek $3.5 Billion From AirlinesReal estate developer Larry Silverstein was denied the right to seek $3.5 billion from airlines whose planes were hijacked by terrorists ... New York Provides $16M to Some Flooded Upstate CountiesThe state will provide $16 million to homeowners, business operators and farmers in five of the 12 upstate counties that were declared ... Midwest 44 Community Groups to Tout Insurance Marketplace in IllinoisGov. Pat Quinn says $27 million in federal funds will be distributed to 44 community organizations that will help educate the public and ... Minnesota Participating in Insurance Climate Change SurveyMinnesota has joined California, New York, Connecticut and Washington state in requiring insurers to respond to the Climate Risk Survey ... Sexual-Harassment Suit Costs Ohio Fire Deptment $900KA central Ohio township is going to pay nearly $900,000 to a former firefighter to resolve a sexual-harassment lawsuit. The Columbus ... Travelers' Small Business Risk Education Program Launched in ChicagoThe Travelers Companies Inc. announced the launch of the Small Business Risk Education (SBRE) program in Chicago to help women and minority ... Southeast After Deadly Crash, Alabama Revisits Safety of Allowing Truck Cargo Bed RidersAlabama politicians said that they would consider drafting legislation to prevent people from riding in the backs of pickup trucks in the ... Tennessee Seminars to Review Workers' Compensation Law ChangesThe Tennessee Department of Labor and Workforce Development is holding a series of 14 seminars across the state to explain the Workers' ... South Central Insurer Loss Ratios High in Oklahoma After Years of Extreme StormsThe May storms in Oklahoma that produced two EF-5 tornadoes, destroyed thousands of houses, resulted in 46 deaths and sent damage estimates ... Cobb Honored with ICT's Raymond Mauk AwardThe Insurance Council of Texas presented Ron Cobb, counsel to the American Insurance Association (AIA), with the Raymond Mauk Leadership ... Hargrove Tapped to Lead New Dallas Branch for All Risks Ltd.Independent insurance wholesaler, All Risks Ltd., announced that Glenn Hargrove and several production teams have joined its organization ... Louisiana Clarifies Insured Loss Estimate from Hurricane KatrinaA recent report by financial website Kiplinger rated Louisiana as the most disaster prone state in the nation. News reports on this story ... 2 Dallas Residents Guilty of Medical-Related FraudTwo Dallas residents have pleaded guilty to medical investment-related fraud in what investigators call a $10 million Ponzi scam. Federal ... Sinking Sections of New Orleans Levee Prompt RepairThe Army Corps of Engineers is spending $1.3 million to raise about 4,000 feet of earthen levee in easternmost New Orleans that has ... West Mitsubishi Blamed In California Nuclear Plant ClosureSouthern California Edison says it is seeking to hold Mitsubishi Heavy Industries Ltd. and Mitsubishi Nuclear Energy Systems liable for ... $35M Award To 29 Washington Patients For Root CanalsMore than two dozen Washington patients of a former Seattle-area dentist accused of performing hundreds of unnecessary root canals have ... Wyoming Governor Lambasts EPA Over Haze PlanGov. Matt Mead sharply criticized a plan by the U.S. Environmental Protection Agency to reduce regional haze, saying it did more to kill ... $10M Settlement Filed In Honolulu Over Marcos ArtA $10 million settlement has been filed in federal court in Honolulu over valuable artwork that disappeared from Imelda Marcos' Manhattan ... International G20 to Require Largest Insurers to Hold More Capital from 2019The largest global insurers will have to hold more capital from 2019 to cover risks they pose to the financial system should they go bust, ... Geneva Association Reacts to G20 Insurers' Capital MandateThe Geneva Association, the international insurance think tank, issued a bulletin following the publication of both the Financial Stability ... Europe Insurer Trade Group Criticizes Listing Companies as GSII'sEurope's insurers criticized the approach taken by international regulators which named firms considered systemically important as they try ... ACE Names Sullivan Chairman-Asia Pacific; Ortega, McNamee in New PostsThe ACE Group has named Damien Sullivan as chairman of the company's Asia Pacific region. He is currently the region's president. As ... Hill to Lead ACE Group's International Property BusinessThe ACE Group has appointed Jarrod Hill to Executive VP and Head of International Property for ACE's Overseas General business, effective ... Moore Joins Willis Re SpecialtyWillis Group Holdings announced that it has recruited Graeme Moore to the Specialty division of its reinsurance business, Willis Re. His ... Ratings Roundup: ACE Seguros, SOVAG, Polish Re, CCR (Algeria)A.M. Best Co. has assigned a financial strength rating of 'A' (Excellent) and an issuer credit rating of "a" to ACE Seguros S.A., which is ... Sponsored Content Atlas General Insurance Services Ranked #11 on the San Diego Business Journal's 100 Fastest Growing Private Companies List in 2013San Diego, CA, 7/19/2013 - Atlas General Insurance Services has been recognized as the 11th fastest growing company on the list of the 100 ... Insurance Journal Blogs Burand's Agency E&O Blog: Tip #38Inflation Factors on Personal Lines Property. Some personal property forms lack automatic inflation adjustments that increase the ... Join the Insurance Journal Network
Insurance Journal TV
New Discussions in the ForumsThe Age Old Question-How much to split Posted: Thu Jul 18 -- Yes, that is pretty weak. So far though, the benefits outweigh the drawbacks. He does not cost me much, and the customers he does have are... yoyowordup Insuring Fabric Structures Posted: Thu Jul 18 -- I wouldn't think any insurance company in their right mind would insure this product for property coverage. The ASU football program had one... yoyowordup Agency Management System Posted: Thu Jul 18 -- Our agency is primarily benefits with a growing P & C department. Any experience with a management system that will handle both? haharem Life Insurance Companies for Independent Agents? Posted: Tue Jul 16 -- Thanks, I think that I am more towards "Brokers Alliance" .They offer decent street level commissions and (apparently) great service, a... manny79 Removing a Named Insured Posted: Fri Jul 12 -- If a partnership, both individuals can be interpreted as first named insured since the two individuals comprise the partnership (assuming... NYagent301 Medical malpractice for all states Posted: Fri Jul 12 -- I can help you with this. How shall I contact you? MedMal Man Applied Underwriters / Equity Comp Posted: Thu Jul 11 -- Does anyone have experience they could share (good or bad) with Applied's Equity Comp product? This would be the standalone WC product for... SFINS National Agents Alliance? Legit or Keep Away? Posted: Wed Jul 10 -- This sounds like a MLM. Did not read every post, but when people who are in the company responds to the question "Is this an MLM?" by saying... ishootfriendlies Insurance Noodle vs. Superior Access vs. Agent Secure Posted: Wed Jul 10 -- I have done research looking for a network/cluster for my agency. We are 4 years old, located in New York City with over $20mm in premium.... mschwartz Reader CommentsLawsuits Could Follow Zimmerman Acquittal Posted: Mon Jul 15 -- Zimmerman should sue NBC for editing out of the 911 tape the part where he said Trayvon is black only after the 911 operator asked. Joan Gard Administration Says Obamacare to Lower Insurance Premiums More Than Forecast Posted: Thu Jul 18 -- Perhaps the President could give Jimmy Hoffa, Jr. a call and reassure him on the union plans. I think good old Jimmy saw the handwriting on... Agent AIG Ex-Chief Greenberg Sues Spitzer for Defamation Posted: Mon Jul 15 -- Dear Hank. Quit tying up the courts with your neuroses. Dear Spitzer: Just stick with the family business (real estate) if they'll have you. D Marsh & McLennan Names Gardner Chief Diversity, Inclusion Officer Posted: Tue Jul 16 -- This is ridiculous. "Executive Sponsor of Gay and Lesbians" She is to "Drive organizational and cultural CHANGE." So, I guess all the high... Reagan Bipartisan Senate Megabank Bill Would Split Banking from Insurance, Other Risks Posted: Fri Jul 12 -- That is a great question Libby. I think it makes perfect sense to reinstate a 21st Century Glass-Steagall Act. Separating the high risk... BB | Subscriber ToolsCurrent IssueJuly 1, 2013  The Disaster Issue: Flood, Earthquake, Windstorm, Terrorism, Cyber Attack & More; Commercial Auto (Including Taxis, Limos & Fleets); Digital Product Guide; Bonus: The Florida Issue (Special Supplement) More NewslettersMarket DirectoriesNew Insurance JobsHow to AdvertiseFor 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. Copyright © 2013 by Wells Media Group, Inc. |
Jul 18, 2013
Daily Headlines: Thursday, July 18, 2013
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| July 18, 2013
 East N.J. Gov. Christie Announces More Flood BuyoutsThe floodwaters from Superstorm Sandy gushed in through Bob and Pat Smith's porch windows and didn't stop rising till reaching the 6-foot ... Arbitrator: Mass. Diocese Needs Up to $49M From Insurer to Replace SchoolAn arbitration panel has ruled that the Roman Catholic Diocese of Springfield, Mass., should get as much as $49 million from its insurance ... N.J. Court Rejects Insurer's Argument, Rules Missing Man Not Liable for Cop's InjuryA New Jersey state appellate court has ruled that a man who went missing in northern New Jersey is not financially responsible for the ... New York Announces Summer Texting-While-Driving Crackdown on Long IslandNew York Gov. Andrew Cuomo this week detailed a summer crackdown by the New York State Police on distracted driving on Long Island. ... GEICO Announces 2 Appointments in Buffalo, N.Y., OfficeAuto insurance giant GEICO recently announced that Kirk La has been named assistant vice president of the GEICO Insurance Agency and Pionne ... Midwest Health Insurance Navigators in Missouri to Need LicensesA new Missouri law will require insurance counselors to get state licenses before they can help people search for health plans on an online ... Missouri Appeals Panel Says Kansas Gun Store not LiableA Missouri appeals panel says it agrees with a lower court ruling that said a Kansas gun store is protected from lawsuits in a 2007 fatal ... Southeast Mississippi Blue Cross Could End Contracts with 2 Hospital SystemsBlue Cross & Blue Shield of Mississippi has told the state's second-largest hospital owner that it will end its contract with the company's ... Alabama Officials Practice for Hurricane SeasonAlabama Emergency Management Agency officials received an early wake-up call Tuesday and were told that a hurricane named Juliet had made ... South Central Devastated Texas Town Ponders Schools' FutureAfter a massive fertilizer plant explosion devastated the rural town of West in April, local teachers and administrators did what they ...  West Woman, Son Injured in SFO Asiana Crash Sue AirlineA woman and her 8-year-old son, injured in the crash-landing of Asiana Flight 214, are suing the airline over the accident. The San ... New Mexico Reaches $920K Settlement With Gas ProcessorState environment officials have reached a settlement with the operator of a natural gas processing plant in southeastern New Mexico over ... California Wholesalers Group Adds AssociatesThe California Wholesalers Association is adding four associate members to its ranks. CIWA elected to revise its bylaws and allow for more ... Arizona Regents Cite Concerns Over Student SafetyThe board that oversees Arizona's state university system is expressing concern about student safety in the wake of dangerous and criminal ... Montana Tornado Damages Property, No InjuriesRoosevelt County officials are assessing the damage done by a tornado that touched down about 20 miles north of Poplar, Mont. Emergency ... All Risks Taps McDonough in Northern CaliforniaIndependent wholesaler All Risks Ltd. named Rick McDonough and his West Coast production team to All Risks' San Francisco location. In ... International FERMA Urges EC to Respect 'Freedom of Choice' for Cat CoverageThe Federation of European Risk Management Associations (FERMA) announced that it has told the European Commission that "any new insurance ... UK's FCA Fines Swinton Group $11.215 Million for 'Add-On' Mis-sellingThe UK's Financial Conduct Authority (FCA) [the successor to the FSA] has fined Swinton Group Limited, one of the country's largest ... India Grants 3 Month Extension to Iranian Underwriters for Non-Oil ShipmentsIndia has extended a temporary approval to Iranian underwriters Kish P&I Club and Moallem Insurance Co for covering container and tanker ... SCOR Estimates Net Pre-tax Losses from Alberta Floods at $52 MillionFrench reinsurer SCOR Group announced that "the June flood event in Alberta, which resulted in mass evacuations of people from their homes ...  Insurance Journal Blogs Burand's Agency E&O Blog: Tip #37Mailing Certificates of Insurance. You should always do what companies tell you to do because they always look out for the agent, right? If ... Join the Insurance Journal Network
Insurance Journal TV
New Discussions in the ForumsThe Age Old Question-How much to split Posted: Thu Jul 18 -- I don't see how you can even get to a breakeven point with 30% of the commissions. A simple way to look at it is to divide your your... ins-atty Insuring Fabric Structures Posted: Thu Jul 18 -- I work for a smaller P & C company that also has a farm product. We are starting to see requests to insure fabric structures for farm... tmacdona2000 Life Insurance Companies for Independent Agents? Posted: Tue Jul 16 -- Thanks, I think that I am more towards "Brokers Alliance" .They offer decent street level commissions and (apparently) great service, a... manny79 Agency Management System Posted: Fri Jul 12 -- Couldnt agree more on this "married to vendor" statement. We recently spent about 400K on upgrade to Vertafore. Obviosly did a great deal... exclaimsguy Removing a Named Insured Posted: Fri Jul 12 -- If a partnership, both individuals can be interpreted as first named insured since the two individuals comprise the partnership (assuming... NYagent301 Medical malpractice for all states Posted: Fri Jul 12 -- I can help you with this. How shall I contact you? MedMal Man Applied Underwriters / Equity Comp Posted: Thu Jul 11 -- Does anyone have experience they could share (good or bad) with Applied's Equity Comp product? This would be the standalone WC product for... SFINS National Agents Alliance? Legit or Keep Away? Posted: Wed Jul 10 -- This sounds like a MLM. Did not read every post, but when people who are in the company responds to the question "Is this an MLM?" by saying... ishootfriendlies Insurance Noodle vs. Superior Access vs. Agent Secure Posted: Wed Jul 10 -- I have done research looking for a network/cluster for my agency. We are 4 years old, located in New York City with over $20mm in premium.... mschwartz Reader CommentsPennsylvania Law Banning Gay Marriage Faces Court Challenge Posted: Thu Jul 11 -- If the 'sanctity' of your marriage is threatened by someone else's marriage – whether gay or straight – you really need to re-evaluate... BS Lawsuits Could Follow Zimmerman Acquittal Posted: Mon Jul 15 -- Zimmerman should sue NBC for editing out of the 911 tape the part where he said Trayvon is black only after the 911 operator asked. Joan Gard Republicans Press for Delay in Obamacare Individual Mandate Posted: Thu Jul 11 -- Ill conceived is putting it mildly TAR. This is the mother of all laws of unintended consequences. Every day brings a new revelation and it... Agent AIG Ex-Chief Greenberg Sues Spitzer for Defamation Posted: Mon Jul 15 -- Dear Hank. Quit tying up the courts with your neuroses. Dear Spitzer: Just stick with the family business (real estate) if they'll have you. D Marsh & McLennan Names Gardner Chief Diversity, Inclusion Officer Posted: Tue Jul 16 -- This is ridiculous. "Executive Sponsor of Gay and Lesbians" She is to "Drive organizational and cultural CHANGE." So, I guess all the high... Reagan | Subscriber ToolsCurrent IssueJuly 1, 2013 The Disaster Issue: Flood, Earthquake, Windstorm, Terrorism, Cyber Attack & More; Commercial Auto (Including Taxis, Limos & Fleets); Digital Product Guide; Bonus: The Florida Issue (Special Supplement) More NewslettersMarket DirectoriesNew Insurance JobsHow to AdvertiseFor 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. Copyright © 2013 by Wells Media Group, Inc. |
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