Daily Headlines: Monday, October 29, 2012

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October 29, 2012 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National BP Oil Spill Settlement Unlikely Before Election For a president locked in a tough re-election fight, it may look like political gold: a settlement between the U.S. Justice Department and ... FDA Needs New Authority Over Compounding Pharmacies: Report The U.S. Food and Drug Administration's power to regulate compounded drugs similar to those linked to a deadly meningitis outbreak is ... Starr Companies Launch Aviation Broker Portal Starr Aviation, a division of Starr Indemnity & Liability Co., has launched a new broker portal, Starrlink. The Starrlink portal provides ... ASI Environmental Enhances Site Pollution Impairment Legal Liability Package American Safety Insurance has launched an enhanced version of its Site Pollution Impairment Legal Liability (SPILLTM) package policy, which ... Insurers Prepare for Hurricane Sandy Insurers say they are making the usual preparations for a hurricane - activating claims teams, staging adjusters near the locations most ... Update: Hurricane Sandy Could Affect 50 Million People on East Coast Authorities shut transit systems and ordered some evacuations as tens of millions of people on the East Coast braced on Sunday for ... Hurricane Sandy Doesn't Worry Safety-Conscious 'Preppers' Homeowners Hurricane Sandy is charging up the East Coast as a cold front is tearing across the U.S. from the west and an arctic blast is barreling ... Update: Hurricane Sandy Death Toll at 41; 'Super Storm' Eyes East Coast Hurricane Sandy, a late-season Atlantic storm unlike anything seen in more than two decades, slogged slowly toward the U.S. East Coast on ... Aon to Target Small Acquisitions in 2013 Aon Plc's quarterly profit beat analysts' estimates as investments aimed at increasing margins at its human resources services unit helped ... Hotel Shortage Means Delay in BP Oil Spill Trial Until February A federal judge on Friday delayed until February 2013 the start of a massive trial to determine liability from the 2010 Deepwater Horizon ... Markets in Motion: Insuring Wineries The wine industry is a large and diverse market, and it just keeps growing. The U.S. is currently the largest wine maker in... More National News East Update: Sandy Strengthens; Thousands Evacuate; Wall Street Closes Hurricane Sandy, the monster storm bearing down on the U.S. East Coast, strengthened on Monday after hundreds of thousands moved to higher ... EQECAT Initial Forecast: $5-10B Insured Losses Expected From Sandy As the east coast braces for the impact of Hurricane Sandy, catastrophe risk modeling firm EQECAT issued this morning a preliminary ... Sandy May Cause Mid-Single Digit Billions in Insured Losses: Validus CEO With Hurricane Sandy expected to make landfall Monday night or early Tuesday, likely in New Jersey, one insurance executive is forecasting ... Hurricane Sandy Forces Evacuations, Shutdowns on East Coast Tens of millions of East Coast residents scrambled on Sunday to prepare for Hurricane Sandy, which could make landfall as the largest storm ... Wall Street Makes Plans to Open Monday Despite Sandy U.S. stock exchanges and Wall Street banks are sending employees into Manhattan on Sunday to stay in hotels and coworkers' homes, as ... More East News Midwest Insurer Drops Nebraska Man's Policy Due to Police Dog, Then Apologizes An insurance company that canceled the homeowner's policy of a Nebraska sheriff's deputy because of his K-9 unit dog said it's looking to ... Ohio Farming's New Cash Crop: Agritourism If you've ever picked your own apples or bumped along on a hayride, you've taken part in agritourism. But the concept has grown up as more ... Joplin Construction Tops $715M Since 2011 Tornado Construction in Joplin, Mo., since the tornado is approaching three-quarters of a billion dollars. Since May 22, 2011, about $715 million ... More Midwest News Southeast Florida OKs 6.1% Workers' Compensation Rate Hike Florida Insurance Commissioner Kevin McCarty said he will approve a 6.1 percent rate increase to become effective January 1, 2013 for ... North Carolina's Ocracoke Ferries Halted, Stranding Some North Carolina transportation officials suspended all ferry service to Ocracoke Island on North Carolina's Outer Banks on Saturday, leaving ... More Southeast News South Central Texas Lawmaker: Windpool's Ike Litigation Costs Still Rising Texas' insurer of last resort for coastal property has paid out more than $1.2 billion in individual litigation costs related to Hurricane ... Drought Not Over, Arkansas Ranchers Cautioned Arkansas agriculture officials say recent rains and the greening of pastures aren't true indications that the drought is over. The drought ... U.S. Suing Tulsa Restaurant Chain over Unpaid Wages The Department of Labor announced it is suing a Tulsa, Okla.-area restaurant chain over nearly $1 million in unpaid wages it alleges the ... More South Central News West Hawaii Tsunami Smaller Than Feared; Ports Reopened Officials in Hawaii reopened the state's ports on Sunday and canceled a tsunami advisory as fears receded that there would be damaging ... Former California Agent Sentenced In Theft Case Former insurance agent James Henry Sim, 66, of San Diego, Calif. was sentenced to a stayed term of four years and four months in state ... Biancardi Named President and CEO of Strongwood in California George Biancardi, previously president of Strongwood Distribution, has been named president and chief executive officer  of Monterey, ... More West News International European Insurance Stocks Hit by Hurricane Sandy Fears European shares fell for the first time in four sessions on Monday, with insurance stocks hit by concern about their exposure to the U.S. ... British Columbia Earthquake Causes Minor Damage, Triggers Tsunami Warning A powerful M7.7 earthquake struck British Columbia's north-central coast on Saturday, Oct. 27, with shaking felts far away as Edmonton and ... British Airways Cancels Flights to Hurricane-Hit U.S. Northeast British Airways cancelled all flights to New York on Sunday and will suspend most services to and from the U.S. East Coast on Monday as the ... More International News Join the Insurance Journal Network Insurance Journal TV No Hard Market Until Economy Improves While many in the industry see a hard or at least firming market, Alan Jay Kaufman is not... Watch Now Insurance M&A Climate Today: Mystic's View There have been some noteworthy mergers, especially among wholesalers. And there are signs... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Motor Cycle dealer WC (CA) Posted: Mon Oct 29 -- RIC is now one of the access points for smaller brokers that no longer have their own State Fund appointments. Two authorized broker access... Santa Rosa Ins Broker Query on Your Work Exclusion under CGL Posted: Mon Oct 29 -- Exclusion J (2) says "this insurance does not apply to property damage to premises you sell, give away or abandon, if hte property damage... Porsh SEO and buying back links Posted: Mon Oct 29 -- Inbound links are an essential part of a strong SEO strategy. However, buying those links is usually not a good idea. The problem with... einsteinsurance Personal Articles Floater-Midwest Posted: Fri Oct 26 -- You are trying to find someone who has a minimum premium below $250? I can't see where it would cost effective to do that for a carrier.... INTLXS Designation Suggestions Posted: Fri Oct 26 -- Having earned both CIC and the CPCU designations, CIC is basically "Insurance 101" for agency personnel while the CPCU and CRM programs will... earlybird Fire Extinguisher/Suppression/Ansul svc Contractor - CA Posted: Fri Oct 26 -- Does anyone have a market for a Fire Extinguisher/Suppression/Ansul Service Contractor. The applicant takes on the jobs, but subcontracts... InsureTime Non-profit Posted: Thu Oct 25 -- Assuming the Property goes with the GL, I would also recommend EPLI and what about abuse and molestation? Is the A and M covered under the... Shagster1261 Go to Forums Reader Comments Wisconsin Workplace Shooting Brings Call for New Law on Guns Posted: Wed Oct 24 -- He ignored the restraining order and the laws associated with it - what makes anyone believe that additional legislation will prevent or... An American Penn. Woman Arrested for Allegedly Adding Coverage While in Ambulance Posted: Tue Oct 23 -- Jeff, I am surprised the attorney didn't call you to tell you he was suing you for cancelling his coverage without his permission. You... Agent Car and Deer Collisions Cause 200 Deaths, Cost $4 Billion a Year Posted: Wed Oct 24 -- Another issue that the author fails to mention is the ever expanding deer population due to a lack of predators, either natural or human. Bob Former Southern California Auto Club Agent Sues Insurer for 'Illegal Practice' Posted: Fri Oct 26 -- Wait a minute!! Since when is it unlawful for an Insurance Company to decide how much they want to pay in commissions? Isn't it their money?... renoscs Texas Billing Patients Ordered to Hospitals by Court Posted: Tue Oct 23 -- Way to go Texas, now the next step should be billing all of the inmates in prison for the cost of confinement. Don't do the crime if you... 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