Daily Headlines: Thursday, November 15, 2012

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November 15, 2012 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Senate Kills Cybersecurity Bill Senate Majority Leader Harry Reid declared a U.S. cybersecurity bill, opposed by business and privacy groups, dead on Wednesday after it ... BP to Pay $4.5 Billion to U.S. for Gulf Oil Spill BP Plc will pay $4.5 billion in penalties and plead guilty to felony misconduct in the Deepwater Horizon disaster that caused the worst ... President Obama Vows to Address Climate Change President Barack Obama said he plans to work with Congress in his second term to curb human-aggravated climate change, but not at the ... Paulson Hedge Fund Cuts Holdings in Hartford Financial Services Billionaire hedge fund manager John Paulson cut his third and fourth biggest portfolio holdings and made a bigger bet on a gold mining ... All Risks Expands Pet Insurance through Pets Best Insurance Nationwide All Risks, Ltd. has expanded its Pet Insurance to be available in 32 states through its partnership with Pets Best Insurance and ... RLI Launches Security Guard, Alarm Systems Liability Product RLI Corp. has launched a new security guard and alarm systems liability insurance product. RLI has hired Mitchell Bombet, director, ... Too Early for Sandy Loss Estimate: Allstate The Allstate Corp. said that its catastrophe losses for the month of October 2012 will exceed $150 million, but said it could not report a ... Genstar In Hunt for Another Confie-like Brokerage Now that it has sold its equity stake in Hispanic-focused auto insurance broker Confie Seguros, Genstar Capital LLC appears to be on the ... Insurers: Superstorm Sandy Will Affect Property Insurance Pricing Insurance rates for commercial property risks are likely to start rising again next year due to Superstorm Sandy, according to insurance... More National News East AIR Worldwide's Field Report Describes Scope of Sandy's Devastation Catastrophe modeling firm AIR Worldwide published a field survey report on Wednesday, Nov. 14, detailing damages their representatives saw ... Adjusters Battling Power, Phone Outage, Long Gas Lines, Blocked Roads Major insurers have deployed thousands of claims adjusters in the Northeast in the wake of Superstorm Sandy -- they are working from dawn ... I.I.I. Offers Advice to Business Owners on Preparing for Adjuster's Visit The Insurance Information Institute today issued a step-by-step by guide to help business owners who are filing a claim in the wake of ... Boating Loss From Superstorm Sandy Could Set Record N.J. resident Kevin Kelly couldn't quite tell the damage Superstorm Sandy caused his 30-foot Wellcraft Sportfisher when he saw it last ... More East News Midwest Michigan Regulators Say Fake Auto Insurance Sold in Metro Detroit The Michigan Office of Financial and Insurance Regulation (OFIR) recently announced that some Detroit-area drivers may have unknowingly ... Nebraska Insurance Agent Sent to Jail After Winning Re-Election A Lincoln, Neb., insurance agent was sentenced to jail for perjury just a few days after winning a third term on a natural resources ... Indiana Court: Compensation Fund May not Dispute Liability in Med Mal Case Indiana's high court has ruled that the state's fund established to cover excess damages in medical malpractice cases may not dispute the ... More Midwest News Southeast Kentucky's Nunn Found Liable for Wrongful Death in Insurance Examiner Killing A former Kentucky lawmaker serving life in prison for killing his one-time fiancee has been found liable in a wrongful death civil lawsuit ... More Southeast News South Central Judge Urged to Approve Chinese Drywall Settlements Attorneys for thousands of Gulf Coast property owners urged a federal judge in New Orleans to give his final approval to a proposed ... Post-Isaac FEMA Individual Aid Nears $116M in Louisiana The Federal Emergency Management Agency has approved nearly $116 million in individual aid for Louisiana homeowners and renters who ... Inspector General Report Critical of Louisiana State Fire Marshal A state inspector general's wide-ranging report on Louisiana Fire Marshal Butch Browning includes a finding that one of Browning's ... Hailstorms Are the Costliest Natural Peril in Texas Hurricanes may garner more attention but in Texas, hailstorms, not hurricanes, are the most damaging weather events that Texans face ... More South Central News West Alaska Increases Estimate of Salmon Disaster Alaska's Commerce commissioner says the disaster from poor king salmon returns was worse than first estimated. In a letter to the state's ... Sottile Joins Elliott, Powell, Baden & Baker Insurance in Oregon Commercial insurance specialist Rick Sottile has joined Portland, Ore.-based Elliott, Powell, Baden & Baker Insurance. Sottile has nearly ... California Prison Doctor Wins $3M Wrongful Termination Suit A California prison doctor who was abruptly fired without explanation has won a $3.3 million wrongful termination lawsuit. The Fresno Bee ... San Diego to Pay $675,000 Over Police Sex Case San Diego in Southern California will pay $675,000 to a woman who claimed she was groped by a former police officer. U-T San ... Teacher Sues California School District Over Breastfeeding A former Carmel school teacher accuses school officials in a lawsuit of failing to accommodate her breastfeeding schedule. The Monterey ... More West News International Iran Oil liability Fears Grow as Insurance Ban Bites A ban on European Union insurers covering Iranian oil exports has forced ship owners to fall back on new, untested insurance providers, ... China's PICC Group to Raise up to $4 Billion in Hong Kong IPO Chinese state-owned insurer PICC Group started meeting institutional investors in Hong Kong on Thursday to gauge demand for a listing worth ... Aon Benfield's Impact Forecasting Launches Algeria, Morocco Quake Models Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, announced the launch of new Algeria and Morocco ... Zurich's 9-Month Business Operating Profit Flat at $3.2 Billion The Zurich Insurance Group reported a business operating profit (BOP) of $3.2 billion and net income attributable to shareholders (NIAS) of ... AIR Announces Deal with Navigators for Cat Models AIR Worldwide announced that The Navigators Group, Inc., an international commercial property/casualty specialty insurance holding company, ... Ironshore Names Scully Global Chief Actuary Ironshore Inc. announced that Mark Scully has been named Global Chief Actuary, to be based in the New York office. He will be responsible ... More International News Join the Insurance Journal Network Insurance Journal TV Big I's Bob Rusbuldt: Agents, the 2012 Election and the Fiscal Cliff Bob Rusbuldt, president and CEO of the Independent Insurance Agents and Brokers of America,... Watch Now Market Outlook: Stable But Not Robust Calling today's market a "hard market" would be going too far, says Michael Miller, president... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Newly Independent Agent - Best Carrier Access Platform Posted: Thu Nov 15 -- Hello group. I am a one man shop and have been independent for just a few months. Located in California. Looking for a cost effective way to... cbevington Long Haul Trucking BA Liability - NC Posted: Wed Nov 14 -- I am looking for some brokers to get appointed with that have companies that will write Long Haul Trucking BA Liability Risk in NC. lawverj how to switch from agency side to corporate underwriting? Posted: Wed Nov 14 -- An underwriting assistant position is not a bad idea, but the pay is a lot lower. With some companies they rarely move assistants/techs to... kevinraz Workers Comp for Importers - CA Posted: Tue Nov 13 -- Are you an importer only or an importer/exporter? Is this Art Vandalay? yoyowordup Creating a business plan Posted: Mon Nov 12 -- The Small Business Administration has a great database of business advice to browse through. They also have pages on helping create a... kl.skinner Premium Financing for life and D.I. Posted: Mon Nov 12 -- I'm getting some looks, but no nibbles! I market in the Northwest.. CA, OR, WA, ID, MT & have some clients in AK that must come to me.... Swymmer Winery Tour (Designated Driver) coverage for non-owned / ren Posted: Fri Nov 9 -- You better get yourself one heck of an understanding insurer and do one heck of of a job putting that Non-Owned coverage together. Are you... BKCPCU Reliable Car Insurance Quotes Posted: Fri Nov 9 -- I would avoid quote-type sites on the Internet. The one to which you refer seems to be for an insurance agency. Many sites on the Web,... Robert742 Go to Forums Reader Comments Georgia Unlikely to Run Health Insurance Exchange: Gov. Deal Posted: Fri Nov 9 -- Spoiler alert - they'll be complaining about federal control of the exchange soon, after declining the opportunity to run it at state... Gork Man Dies After Being Tossed From Colorado Bar Posted: Tue Nov 13 -- any idea why this is newsworthy? It is bad enough that a bar-owner can be responsible for a patron's activity hours after they leave the... insurance mom Senate Banking Committee Post Possible for Wall Street Critic Warren Posted: Mon Nov 12 -- Clean up Wall Street, Elizabeth! I'm all for it. Libby Los Angeles County Settles Bus Accident Suit For $3.5M Posted: Wed Nov 14 -- The award seems high. While there are no details on medical cost, inability to work, etc, $3.5 Mil for damage to one's foot seems excessive. Ruminator Election Gamble Backfires for Financial, Energy Firms: Commentary Posted: Mon Nov 12 -- Right on, Nancy! The reason people don't wake up and see that the current quo is rigged against them and is all in favor of the richest of... 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