| December 18, 2013
East NICB: Questionable Insurance Claims on the Rise in New York, New JerseyNew York State's questionable claims rose 29 percent from 2010 to 2012, while New Jersey's questionable claims were up 63 percent during ... FEMA: 17 New Jersey Towns Recognized for Reducing Their Flood Hazard RiskFederal Emergency Management Agency (FEMA) said 17 New Jersey municipalities are being recognized in two awards ceremonies this week for ... Penn. House Insurance Committee Chair Applauds Passage of Auto Insurance E-Card BillPennsylvania State Rep. Tina Pickett (R-Bradford/Sullivan/Susquehanna), who serves as chairman of the House Insurance Committee, applauded ... MAPFRE | Commerce Insurance Launches Telematics Program in MassachusettsMAPFRE | Commerce Insurance has launched its DriveAdvisorProgram in Massachusetts. The new program will allow eligible Massachusetts ... State Farm: No Unusual Claims Activity in Northeast From Weekend SnowstormState Farm Mutual Automobile Insurance Co. says last weekend's snowstorm that dropped as much as 17 inches of snow in parts of the ... Dennis Busti, CEO of Saul Steinberg Insurance Unit, Dies at 71Dennis Busti, who played a leading role in building the insurance business that tracked the rise and fall of corporate raider Saul ... NICB: Massachusetts Posts 57% Increase in Questionable Insurance ClaimsQuestionable claims in Massachusetts rose 57 percent from 2010 through 2012, according to the National Insurance Crime Bureau's (NICB) ... FEMA Grants Helping to Raise Flood-Prone R.I. HomesThe owners of eight flood-prone properties near Misquamicut State Beach in Westerly, R.I., are using federal grant funds to raise their ... Russell Bond Appoints Operations Manager in Buffalo, N.Y.Russell Bond & Co. Inc., an insurance wholesaler headquartered in Buffalo, N.Y., announced Paul Saccomando has joined the firm as ... Midwest As Bond Insurers Drop Objections, Detroit Bankruptcy ProgressesDetroit's path through bankruptcy began to take shape on Dec. 17, with a second bond insurance firm ready to drop its objections to a ... Worker's Head Injury Leads to $90K Fine for Ohio ManufacturerOhio-based McNeil Group, doing business as Pinnacle Metal Products, has been cited by the U.S. Department of Labor's Occupational Safety ... Quake Reported in South-Central KansasA magnitude 3.8 earthquake hit south-central Kansas on Dec. 16, rattling windows and doors, but causing no reported damage or injuries. The ... Southeast Couple Settles for $1M in North Carolina Daycare TragedyCourt records say a Catawba County couple has received a $1 million settlement from a Mooresville daycare after their infant son stopped ... Lawsuit Alleges Mississippi Health Center Negligent in Sexual AbuseA woman has filed a federal lawsuit claiming a central Mississippi mental health facility failed to protect her 11-year-old son from being ... South Central Texas No Longer No. 1 in High Home Insurance RatesAn industry group says Texas homeowners no longer are paying the highest insurance rates in the country, a distinction that now goes to ... LAMMICO Declares 10.5% Dividend for Medical Liability PolicyholdersThe board of directors of medical professional liability insurer, LAMMICO, has declared another dividend for all policyholders in Louisiana ... Court Alcohol Breath Test Ruling Could Cost Oklahoma DPS $11MAn Oklahoma Supreme Court ruling could mean the state Department of Public Safety must refund at least $11 million to drivers in ... Higginbotham Hires Ponder as AVP, Loss Control, for South TexasAlan W. Ponder has joined the Houston office of insurance brokerage and financial services firm, Higginbotham, as assistant vice president ... Young Joins Swett & Crawford's Dallas Professional Services TeamSwett & Crawford, part of the independent global wholesale and reinsurance broking group Cooper Gay Swett & Crawford (CGSC), announced the ... West 'Crouching Tiger' Actress Settles Website Claim in Southern California Court"Crouching Tiger, Hidden Dragon" star Zhang Ziyi settled a lawsuit for libel against a U.S.-based Chinese news website, which today ... Sherwin, NL, ConAgra Lose $1.1 Billion Lead Paint RulingSherwin-Williams Co., NL Industries Inc. and ConAgra Grocery Products LLC were ordered by a judge to pay $1.1 billion to replace or contain ... Universal, Fireman's Fund Seek 'Fast and Furious' SolutionWhen "Fast And Furious" star Paul Walker died and left the seventh film in the franchise hanging in the balance, it wasn't the first time a ... California Tops 'Judicial Hellhole' ListCalifornia isn't just a warm place to live, which is often the case even in winter, but it turns out the state is considered a "judicial ... International Swiss Re Reports 2013 Disaster Losses at $130 Billion; $44 Billion InsuredAccording to preliminary estimates from Swiss Re's latest sigma report, insured losses from natural catastrophes and man-made disasters in ... Sompo Japan to Buy UK Insurer Canopius in Overseas Expansion DriveSompo Japan Insurance Inc., a unit of Japan's third-largest casualty insurer group by market value, confirmed earlier reports that it will ... Willis International Chairman Sarah Turvill to Retire; Will Join BoardWillis Group Holdings announced that Sarah Turvill will retire as Chairman of Willis International at the end of 2013, and that she has ... RSA's S&P Rating Remains Seriously at Risk Even after Second DowngradeAn analysis from Stuart Shipperlee, Analytical Partner at Litmus Analysis, notes that following S&P's initial downgrade last month, "RSA ... Join the Insurance Journal NetworkInsurance Journal TV
New Discussions in the ForumsChristmas Bonus? Posted: Tue Dec 17 -- I completely agree with D on this one. We are "very" generous with our Christmas bonuses, perhaps too much with some.... Smalltownagent Broker fees Posted: Tue Dec 17 -- States vary as to whether or not you can collect a fee and commission on the same transaction. You may be able charge a fee for services... ForumReader Lakefront Motels Posted: Sun Dec 15 -- If you still need help feel free to get in touch, I have a few markets that love this type of risk. ABMCalifornia SEO and buying back links Posted: Sun Dec 15 -- I would never recommend buying links. If there's one thing I learned over the past five years it's don't ever try to trick Google into... ABMCalifornia errors and omision Posted: Sun Dec 15 -- Justin, I'm not sure what state you plan on doing business in but if you have not already been helped feel free to get in touch. I've taken... ABMCalifornia New Insurance Agency Posted: Fri Dec 13 -- A couple of more resources, one rarely mentioned but I know they help a lot of independent agencies: agentequity.com. specifically their... gregg@prospect Floating Home GL in Oergon Posted: Thu Dec 12 -- Hi... I have a licensed contractor in Oregon building a new home on a floating platform which is permanently docked in a marina. This will... Paul_Graham Illinois Midwest Work Comp- tool mfg 3099 Posted: Wed Dec 11 -- My understanding is that Illinois Midwest will only work with contracted retail agencies. I used to have a few policies with them through a... ocbroker Reader CommentsFamily of North Carolina Teen Killed by Stray Bullet Sues Gunmaker Posted: Wed Dec 11 -- I totally agree, SWFL; it is the gun owner's fault and his fault only. Apparently the gun owner's homeowners policy doesn't have big enough... Scott Probation Sentence in Texas Teen's Fatal DWI Wreck Stirs Ire Posted: Fri Dec 13 -- It starts out very innocently. Conservatives make the case that the top 1% of Americans are job creators and that reducing their taxes will... naksuthin South Carolina Jury Awards $890K to Man Wrongly Accused by Condo Board Posted: Mon Dec 16 -- Good for Mr. King. These condo association board members think they are the big guy in the sky, judge and jury. Not all, but most are... Serves them well Obamacare November Enrollment Tops 250,000; Sebelius Seeks Probe of Botched Launch Posted: Sat Dec 14 -- Well Insurance 102 I don't care what to like kind gender do to eat other as long as they don't flaunt their orientation in my face or try to... Sargeant Major Obama's Health Care Promise Is 2013 Top Quote, Yale Univ. Librarian Says Posted: Tue Dec 17 -- Amen, Whodathunkit! He knew he was lying and he didn't care because his followers allow him to say anything and they give him a pass EVERY... Perplexed | Subscriber ToolsCurrent IssueMore 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. |
Dec 18, 2013
Daily Headlines: Wednesday, December 18, 2013
Dec 17, 2013
Daily Headlines: Tuesday, December 17, 2013
| December 17, 2013
East Obama's Health Care Promise Is 2013 Top Quote, Yale Univ. Librarian SaysPresident Barack Obama's acknowledgement that his promise that Americans could keep their health insurance plan turned out to be inaccurate ... New York Catholic Groups Win Challenge to Obamacare Birth Control MandateA group of Catholic health and educational organizations doesn't have to comply with federal Affordable Care Act requirements to ensure ... Feds to Examine New York's Metro-North Railroad for 2 MonthsFederal experts will spend the next two months examining safety compliance and safety culture at a commuter railroad that operated a train ... FEMA Grants Helping to Raise Flood-Prone R.I. HomesThe owners of eight flood-prone properties near Misquamicut State Beach in Westerly, R.I., are using federal grant funds to raise their homes and ... Midwest Court: Insurance Company Exempt in Wisconsin Shooting DeathA Sheboygan insurance company is exempt from having to pay after a man accidentally killed his friend in Oconto County three years ago, a ... Fire Damage to Michigan School Buses Estimated at $300KAuthorities in Saginaw County, Michigan say electrical problems caused a blaze that destroyed two school buses and damaged two more. ... Missouri Lawmakers to Try Again for Award Limits in Medical Liability SuitsMissouri lawmakers plan to try again to limit how much money people can receive in medical malpractice lawsuits. Missouri House Speaker Tim ... Indiana Asks for More Damage Reports from November StormThe Indiana Department of Homeland Security and local county emergency management agencies are renewing a call for people who sustained ... Southeast Florida Tornado Damage Estimated at $5 MillionSeven homes were destroyed and more than 150 damaged by the tornado that struck a central Florida neighborhood Saturday, city officials ... North Carolina Man Sues Hookup Website for Marriage BreakupA Charlotte man is suing his ex-wife's lover as well as a website which he says led to the breakup of his marriage. The Charlotte Observer ... South Central Constitutionality of Oklahoma Workers' Compensation Law UpheldA constitutional challenge to Oklahoma's workers' compensation law has been rejected by the state's highest court. In a ruling on Dec. 16, ... Texas Windstorm Insurance Association Disavows Racism AllegationsTexas' insurer of last resort in coastal areas has denied allegations that a culture of racism has existed within the organization. ... Delta General Adds Moss as Transportation UnderwriterHouston-based Delta General Agency Corp. announced that Craig Moss has joined the property/casualty insurance wholesale broker as senior ... West Chevron Refinery Fire Blamed by Agency on Ignored WarningsThe fire at Chevron Corp.'s refinery in Richmond, Calif., last year that sickened thousands was caused by the company ignoring a decade's ... PG&E Worker In California Wins $1 Million In LawsuitA former power line worker for Pacific Gas & Electric has been awarded more than $1 million in a wrongful termination suit that claimed he ... California School District Faces $17 Million In ClaimsThe San Juan Unified School District in California faces $17 million in claims over harassment allegations, with ten lawsuits alleging that ... Washington Lawyer Faces Four Felonies in Alleged Insurance ScamWashington Insurance Commissioner Mike Kreidler is looking for residents who might be victims of a Seattle attorney who has been charged ... International Torus Receives Lloyd's Approval to Expand Syndicate 1301Global specialty insurer Torus announced from its office in London that its Syndicate 1301 business plan for 2014 has been approved by ... Quinn to Step Down as Swiss Re Group CFO to Become CFO at ZurichSwiss Re's Board of Directors announced that Group Chief Financial Officer George Quinn will step down from his role, effective April 30, ... China Eases Rules to Boost Yuan-Denominated Foreign InvestmentChina's commerce ministry has simplified rules to make it easier for foreign firms to use Chinese renminbi they raise offshore to invest in ... Join the Insurance Journal NetworkInsurance Journal TV
New Discussions in the ForumsBroker fees Posted: Mon Dec 16 -- As long as the fee is measurable with the work being done it should be good. If you are say charging a $10,000 fee in this case you should... NYagent301 Christmas Bonus? Posted: Mon Dec 16 -- I'm of the opinion that a X-mas bonus should be a sincere effort on the part of the business owner to express gratitude for a job well done... d's insurance store Lakefront Motels Posted: Sun Dec 15 -- If you still need help feel free to get in touch, I have a few markets that love this type of risk. ABMCalifornia SEO and buying back links Posted: Sun Dec 15 -- I would never recommend buying links. If there's one thing I learned over the past five years it's don't ever try to trick Google into... ABMCalifornia errors and omision Posted: Sun Dec 15 -- Justin, I'm not sure what state you plan on doing business in but if you have not already been helped feel free to get in touch. I've taken... ABMCalifornia New Insurance Agency Posted: Fri Dec 13 -- A couple of more resources, one rarely mentioned but I know they help a lot of independent agencies: agentequity.com. specifically their... gregg@prospect Floating Home GL in Oergon Posted: Thu Dec 12 -- Hi... I have a licensed contractor in Oregon building a new home on a floating platform which is permanently docked in a marina. This will... Paul_Graham Illinois Midwest Work Comp- tool mfg 3099 Posted: Wed Dec 11 -- My understanding is that Illinois Midwest will only work with contracted retail agencies. I used to have a few policies with them through a... ocbroker Reader CommentsFamily of North Carolina Teen Killed by Stray Bullet Sues Gunmaker Posted: Wed Dec 11 -- I don't own a gun (not against them) but isn't checking for bullets before cleaning a gun the first item on the "gun cleaning" checklist? SWFL Agent Probation Sentence in Texas Teen's Fatal DWI Wreck Stirs Ire Posted: Fri Dec 13 -- It starts out very innocently. Conservatives make the case that the top 1% of Americans are job creators and that reducing their taxes will... naksuthin South Carolina Jury Awards $890K to Man Wrongly Accused by Condo Board Posted: Mon Dec 16 -- Good for Mr. King. These condo association board members think they are the big guy in the sky, judge and jury. Not all, but most are... Serves them well Obamacare November Enrollment Tops 250,000; Sebelius Seeks Probe of Botched Launch Posted: Sat Dec 14 -- Well Insurance 102 I don't care what to like kind gender do to eat other as long as they don't flaunt their orientation in my face or try to... Sargeant Major Drilling Boom Leaves Some Neighbors with Damages, Depressed House Values Posted: Thu Dec 12 -- Doesn't Los Angeles have zoning ordinances? If so, does the zoning allow industrial operations in residential neighborhoods? Do the drillers... Boonedoggle | Subscriber ToolsCurrent IssueMore 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.
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: Coastal Agents Alliance Stays Focused on Coastal Homes: Byrne
| December 17, 2013 Feature Video
Insurance Journal 3570 Camino del Rio North, Suite 200 San Diego, CA 92108 (800) 897-9965 Copyright © 2013 by Wells Media Group, Inc. |
Dec 16, 2013
Daily Headlines: Monday, December 16, 2013
| December 16, 2013
East Cantor Fitzgerald, American Airlines Settle 9/11 LawsuitCantor Fitzgerald has agreed to settle a lawsuit against American Airlines Group Inc and its insurers over business and property losses ... Hoboken, N.J., Aims to Become National Model for Flood MitigationThe city of Hoboken, New Jersey, was nearly swallowed by the Hudson River during Superstorm Sandy last year. Three of its electrical ... Former N.J. Broker Sentenced for Misappropriating $660K in PremiumsA former New Jersey insurance broker who misappropriated more than $660,000 in premiums owed to insurers has been sentenced to five years ... Philadelphia Claims Adjuster Charged With Stealing $700KA Philadelphia insurance adjuster has been jailed on charges he stole more than $700,000 from 29 successful claims made by people in the ... Jimcor Agencies in New Jersey Appoints Brokerage SpecialistJimcor Agencies announced the appointment of Christopher Hudson to the position of brokerage specialist. Hudson brings more than 13 years ... Midwest Insurance Crime Bureau: 38% Drop in Questionable Claims in MichiganQuestionable insurance claims in Michigan dropped by 38 percent from 2010 through 2012, according to the National Insurance Crime Bureau ... Illinois Company Faces Proposed $117K Fine for Unsafe Working ConditionsArlington Metals Corp. in Franklin Park, Ill., has been cited by the U.S. Department of Labor's Occupational Safety and Health ... Indiana Judge Dismisses Unions from Burned Man's Compensation SuitAn eastern Indiana judge has dismissed two unions from a lawsuit against a transportation company, an insurance agency and several insurers ... HM Risk Appoints Young to Lead Construction Services TeamHM Risk, a St. Louis, Mo.-based property/casualty insurance and employee benefits agency, has appointed Melinda Young as senior account ... Illinois Gets $1M in Federal Grants After TornadoesGov. Pat Quinn's office says federal aid for Illinois tornado victims has topped $1 million. The governor's office says that federal grants ... Southeast Florida Supreme Court Rejects Rule on Medical Malpractice Expert TestimonyThe Florida Supreme Court refused last Thursday to adopt a state rule reflected in a law that creates restrictions on doctors who can ... South Carolina Jury Awards $890K to Man Wrongly Accused by Condo BoardA Clarendon County jury has awarded $890,000 in damages to a man after members of the governing board at his condominium wrongly identified ... Mississippi AG Charges 3 with Insurance FraudThree Biloxi residents have been arrested and charged with insurance fraud, Mississippi Attorney General Jim Hood said. Hood's news release ... Ex-Insurance Agent Participated in West Virginia Arson SchemeA former West Virginia insurance agent has admitted to his role in an arson scheme in Logan, according to a federal prosecutor. U.S. ... South Central Houston-Based Manufacturer Fined Nearly $200K for Safety ViolationsThe U.S. Department of Labor's Occupational Safety and Health Administration has cited Piping Technology and Products Inc. in Houston for ... Guidance System Shows Promise of Safer Landings for Gulf Rig PilotsImagine zooming from 200 feet in the sky onto a small green circle in the middle of a vast, dark ocean. Louisiana helicopter pilots do it ... Cost of North Texas Ice Storm Insured Damage Estimated at $30MDamage from this month's North Texas ice storm has reached at least $30 million in residential insured losses, according to an industry ... Former Insurance Company CEO Wants to Withdraw Guilty PleaA former insurance company chief executive wants to withdraw his guilty plea to bribing El Paso, Texas-area public officials, a plea that ... West Hoag-Winkler Joins USI Colorado as Senior Vice PresidentLaurie Hoag-Winkler has been named senior vice president, employee benefits practice leader, for USI Colorado. USI Colorado is the firm ... Alaska Snowmobile Driver Charged With Felony DUIA 29-year-old Wasilla, Alaska man suspected of driving a snowmobile down the Parks Highway has been charged with felony driving under the ... Autopsy: BART Workers in California Didn't Follow Safety RulesAutopsies conducted on two workers who were struck and killed by a Bay Area Rapid Transit train during a labor strike have revealed that ... International Lloyd's Names Inga Beale as CEO; First Woman to Hold PostLloyd's has announced the appointment of Inga Beale as its new CEO. She will take over on the first of January, when current CEO Richard ... IAG to Buy Wesfarmers Insurance Business for A$1.85 BillionInsurance Australia Group Ltd. agreed to buy Wesfarmers Ltd.'s insurance underwriting businesses in Australia and New Zealand for A$1.85 ... PCI Expresses Concern with 'Unnecessary' Regulation in ComFrame DraftThe Property Casualty Insurers Association of America (PCI) has submitted formal comments to the International Association of Insurance ... Sompo Japan Considers Acquisition of U.K.'s Canopius GroupSompo Japan Insurance Inc., a unit of Japan's third-largest casualty insurer group by market value, is considering buying the U.K.'s ... Canada Considers Requiring Emergency Response Plans for Rail Oil ShipmentsCanada is considering classifying crude oil as a higher-risk, dangerous product, requiring emergency response plans for shipment by rail ... ABIR Comments on ComFrame Supervision, Int'l. Insurance Capital StandardsIn comments filed with the International Association of Insurance Supervisors (IAIS), the Association of Bermuda Insurers and Reinsurers ... Insurance Journal Blogs Wisconsin Workers' Comp Insurers Propose to Rein in CostsStates once again show the way to management and reform of public systems by having affected interests sit down together to work out a ... Join the Insurance Journal NetworkInsurance Journal TV
New Discussions in the ForumsChristmas Bonus? Posted: Mon Dec 16 -- Just curious what Christmas bonus other firms typically give out. We are a small Personal Lines firm and I am starting to think we are being... Rochambeau Broker fees Posted: Mon Dec 16 -- Are you receiving commission on that W/C policy? If so, you'll need to disclose that in your fee agreement. Big Dog Lakefront Motels Posted: Sun Dec 15 -- If you still need help feel free to get in touch, I have a few markets that love this type of risk. ABMCalifornia SEO and buying back links Posted: Sun Dec 15 -- I would never recommend buying links. If there's one thing I learned over the past five years it's don't ever try to trick Google into... ABMCalifornia errors and omision Posted: Sun Dec 15 -- Justin, I'm not sure what state you plan on doing business in but if you have not already been helped feel free to get in touch. I've taken... ABMCalifornia Floating Home GL in Oergon Posted: Thu Dec 12 -- Hi... I have a licensed contractor in Oregon building a new home on a floating platform which is permanently docked in a marina. This will... Paul_Graham Illinois Midwest Work Comp- tool mfg 3099 Posted: Wed Dec 11 -- My understanding is that Illinois Midwest will only work with contracted retail agencies. I used to have a few policies with them through a... ocbroker Reader CommentsFamily of North Carolina Teen Killed by Stray Bullet Sues Gunmaker Posted: Wed Dec 11 -- I don't own a gun (not against them) but isn't checking for bullets before cleaning a gun the first item on the "gun cleaning" checklist? SWFL Agent Wal-Mart Heiress Gets Texas DWI Arrest Expunged Posted: Mon Dec 9 -- This lady needs to face Justice which Texas and Arkansas have failed miserably. Texas is backwash of America & their State is deep in debt... Joe Iowa Insurer Pokes Fun at Federal Website in Ads Posted: Mon Dec 9 -- "They've said more about the Affordable Care Act in one advertisement than in seven years of health care reform," Hatch said.... FFA Probation Sentence in Texas Teen's Fatal DWI Wreck Stirs Ire Posted: Fri Dec 13 -- It starts out very innocently. Conservatives make the case that the top 1% of Americans are job creators and that reducing their taxes will... naksuthin Group Health Plans Pay for 'Zero-Cost' Workers' Compensation Claims: Study Posted: Mon Dec 9 -- This is the same study that was tried two years ago and I debunked that one. The claims could have been rightfully denied or the employee... Doubting Thomas | Subscriber ToolsCurrent IssueMore 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.
Insurance Journal 3570 Camino del Rio North, Suite 200 San Diego, CA 92108 (800) 897-9965 Copyright © 2013 by Wells Media Group, Inc. |
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