Daily Headlines: Tuesday, October 30, 2012

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October 30, 2012 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Hurricane Sandy Losses Expected to Top Irene's Hurricane Sandy appears to have easily caused more losses than last year's Hurricane Irene, but final totals will be hard to come by for ... Hurricane Sandy Delivers Severe But Short-Term Economic Blow: Economists Hurricane Sandy is shaping up to be one of the biggest storms ever to hit the United States but even with the severe damage that is ... P/C Insurers Can Handle Sandy Losses; Flood Program to Bear Brunt Ratings analysts at A.M. Best Co. said  that it is likely that the brunt of Hurricane Sandy's financial impact will fall on the National ... Health Insurers Nervous Over Prospect of Romney Victory You'd think health insurance CEOs would be chilling the bubbly with Republican Mitt Romney's improved election prospects, but instead ... Stock Markets Remain Closed Tuesday; Expected to Reopen Wednesday Month End Hurricane Sandy will close U.S. stock markets for a second day on Tuesday, as Wall Street turned its attention to whether markets would be ... Supreme Court Rejects John Hancock Appeal Over Retirement Plan Lawsuits The U.S. Supreme Court refused on Monday to consider two appeals in a case weighing the ability of tens of millions of Americans to bring ... Preparis, Wells Fargo to Provide Emergency Preparedness Services to Businesses Preparis, a web and mobile emergency preparedness services for businesses, has signed a strategic alliance with Wells Fargo Insurance. As a ... Stock Markets Expected to Remain Closed Tuesday U.S. stock market executives, regulators and brokers have agreed to close the U.S. stock markets on Tuesday because of Hurricane Sandy, ... 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 9 PM Update: Sandy -- 'Northeast's Katrina'-- Causes Flooding, Blackouts, Downed Trees Sandy, one of the biggest storms ever to hit the United States, roared ashore with fierce winds and heavy rain on Monday near the gambling ... 'Hurricrane' Warning: Manhattan Construction Crane Left Dangling in Sandy's Winds New York City evacuated neighbors of a nearly completed, 90-story luxury apartment building on Monday after the top of a construction crane ... New Jersey Nuclear Plant Declares 'Alert' After Sandy Storm Surge Exelon Corp. declared an "alert" at its New Jersey Oyster Creek nuclear power plant due to a record storm surge, the Nuclear Regulatory ... Hurricane Sandy Expected Ashore Monday Night; Could Be Biggest to Hit U.S. Mainland * Hurricane expected ashore Monday evening in New Jersey * Could be biggest to hit U.S. mainland * New York, Philadelphia and Washington in ... More East News Midwest Arthur J. Gallagher & Co. Acquires Aires Consulting Group Arthur J. Gallagher & Co. has acquired of Aires Consulting Group Inc., headquartered in Batavia, Ill. Terms of the transaction were not ... Schaffler to Lead Lockton Chicago Privately held insurance broker Lockton has named Tom Schaffler as president of its Chicago operation and Tom Pluss as chairman. Schaffler ... Kansas Woman in Campaign Against Texting While Driving Amanda Umscheid of Paxico said she'll never get over knowing that her 19-year-old sister died while sending her a text as she drove near ... More Midwest News Southeast Report Links DuPont West Virginia Plant Chemical, Residents' High Cholesterol A science panel said it has found probable links between high cholesterol in mid-Ohio Valley residents and their exposure to a chemical ... Pro Wrestler Hulk Hogan Settles Florida Lawsuit Over Sex Tape Former pro wrestler Hulk Hogan entered into a legal settlement with a disc jockey over a sex tape involving Hogan and the DJ's wife. A ... More Southeast News South Central Broker Southwest Risk: Dispute with Allied World Settled Insurance broker Southwest Risk LP, based in Dallas, announced it has settled a dispute with Allied World Assurance Co. The announcement ... Louisiana AG: Citizens Insurance Hikes Legal Significant rate increases for state-sponsored wind and hail property insurance policies that Citizens Property Insurance Corp. approved ... Marshall to Lead Wells Fargo Insurance Offices in Houston, San Antonio Wells Fargo Insurance Services has named Karin Marshall senior vice president and managing director for its Houston and San Antonio, Texas, ... More South Central News West The Doctors Co. to Acquire Utah Medical Insurance Association Utah Medical Insurance Association, a provider of medical professional liability insurance for physicians, and The Doctors Co., an insurer ... Social Media Friends Nabbed In Northern California Staged Auto Insurance Fraud Susan Lee, 24, Angelique Jones, 20, and Angela Medeiros, 40, all of Sacramento, Calif. have been arrested on three felony counts each of ... Burnham Benefits Names Two Partners in Southern California Irvine, Calif.-based Burnham Benefits Insurance Services named Melanie Thomas and Dan Excee as equity partners. For the past 13 years, ... Southern California-based Mercury Corp.'s 3Q Net Premiums Up 3.4% Mercury General Corp.'s net premiums written for the third quarter rose 3.4 percent to more than $684 million, the Los Angeles, ... More West News International Hurricane Sandy Unlikely to Trigger Payouts from Catastrophe Bonds Investors who have put their money into specialist financial bonds which cover insurance companies from huge natural disasters are unlikely ... Insurers See Risk in Overuse of Swiss Military Bunkers for Art Storage A metal door set into a mountain in Switzerland offers a way out for fine art investors forced to pay over the odds to insure their ... 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 brightway insurance brokerage in florida Posted: Tue Oct 30 -- I think 45% is really quite high for Brightway agents to pay for "back office" service and other features of the franchise. Perhaps 25% or... riverman38 Non-profit Posted: Tue Oct 30 -- I'm wondering what other P&C underwriters think of an account I'm familiar with. The risk makes several types of products related to... angleblue63 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 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 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 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... Bob $450K For Fired Southern California Worker Who Tattled On Cocaine Use Posted: Thu Oct 25 -- Don't forget about the "pre-lawsuit" period where a claim is filed giving notice of intent to sue. If there's any time frame required to... 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