Thursday, November 8, 2012

Daily Headlines: Thursday, November 8, 2012

Sponsored by: Liberty International Underwriters. LIU Specialty Lines. Expert underwriters with decision-making authority. Click here for more information..
Insurance Journal Daily Headlines
November 8, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

State Elections Wrapup: Some Partisan Realignment; 5 Incumbent Insurance Chiefs Win

Neal Alldredge has been searching for the unifying "theme" in the results of Nov. 6 state elections around the country but he says it has ...

Sandy Could Force 250,000 Cars to Scrap Heap

Superstorm Sandy may consign as many as a quarter of a million new and used cars and trucks to the scrap heap, a loss that could eventually ...

Post-Election Congress Expected to Target Crop Insurance

Federally subsidized crop insurance will be a big target for lawmakers looking to cut the budget deficit in the lame-duck session of ...

How Voters Voted on State Court Justices

Voters around the country for the most part stood by incumbent state Supreme Court justices, including where Republicans, business groups ...

U.S. Weather Forecaster Still Expects El Niño

The U.S. national weather forecaster still expects the much-feared El Niño phenomenon to remain weak into the Northern Hemisphere winter, ...

From MyNewMarkets.com Theft & Vandalism Claims Have Carriers on Edge in Vacant Property Segment

Insurers are restricting the availability of theft and vandalism coverage in the vacant property insurance market, where there is still...
Sponsored by: NSM Insurance Group. We have 25 years writing non-profits. Hospice, Boys and Girls Clubs, CAAs, Head Starts, Senior Services, MRDD/ARC, Charter Schools and Many More! Click here for more information.
East

Consumer Group Asks Officials to Monitor Deductibles, ACC Clauses

A consumer advocacy group has sent letters to government officials in the northeastern states, urging officials to monitor how insurers ...

NICB Says Some Towing Companies Gouging Sandy Victims

The National Insurance Crime Bureau (NICB) says it is receiving reports of price gouging by towing companies and impound lots in the ...

NYS Workers' Comp Board: E-Claims Reporting on Schedule for 2013

The New York State Workers' Compensation Board announced this week the "eClaims," the electronic reporting of workers' injuries, is on ...

Penn. Regulators, Public Adjuster Groups Discuss Post-Sandy Issues

Pennsylvania insurance department officials recently held a conference call with public insurance adjuster associations to discuss issues ...

R.I.-Based OceanPoint Insurance Agency Appoints New CEO

Middletown, R.I.-based OceanPoint Insurance Agency recently promoted Douglas Mayhew to succeed Peter Colella as president and chief ...

Integro's ReSource Intermediaries Unit Hires Senior VP in N.Y.

ReSource Intermediaries, a unit of N.Y.-based brokerage Integro, hired Beth Turbitt as senior vice president. Turbitt, who is based in the ...
leases and contracts 2-part live webinar series from Academy of Insurance
Midwest

Iowa Commissioner Approves Workers' Comp Rate Hikes

Iowa's top insurance regulator has approved a rate filing that increases workers' compensation premium rates in that state beginning Jan. ...

Wisconsin Agent and PIA Member Wins Re-Election to State Assembly

Wisconsin insurance agent and member of the National Association of Professional Insurance Agents (PIA), Mary Czaja, on Nov. 6 won her race ...

J.M. Wilson Adds Pusateri as Underwriter in Wisconsin

Managing general agency J.M. Wilson has hired Kristen Pusateri as property/casualty insurance underwriter in its Madison, Wis., location to ...

Keystone Mutual Hires Dyer as Regional Sales VP

Keystone Mutual, a medical professional liability insurer based in Missouri, has added Todd Dyer as vice president of Sales for the ...
What every agent needs to know about Directors and Officers, new webinar from Academy of Insurance
Southeast

West Virginia Employers Seek Solutions for Drugs in Workplace

They might have red eyes and constricted pupils. They might be nodding off at their desk, if they show up at all. They might not be as ...

3 'Liberal' Florida Justices Win Retention Bids

Three Florida Supreme Court justices easily won a retention bid Tuesday despite an unprecedented push by the Republican Party of Florida to ...
South Central

No Change in Rate of Nonfatal Injuries, Illnesses in Private Sector in Texas

Private industry workplaces in Texas reported a total of 196,642 nonfatal injuries and illnesses during 2011, an incidence rate of 2.7 ...

Independent Insurance Agents of Texas Offers WAHVE Staffing Services

The Independent Insurance Agents of Texas (IIAT) is offering its members remote staffing services provided by WAHVE (Work At Home Vintage ...

CAA Insurance Services Adds Benefiel as Agency Manager

Texas-based Combined Agents of America LLC (CAA) announced that Lauri Benefiel has joined as the new agency manager of its CAA Insurance ...

Options Few for People Displaced by Huge Sinkhole in Louisiana

After three months living in a hotel while a sinkhole near his Louisiana home grows and grows, Carl Dugas has realized he won't be moving ...
Sponsored by: Texas Mutual Insurance Company. I've been privileged to give a select number of my clients six-digit dividend check in the past. Click here for more information.
West

Ex-Utah College Official Files Sex Harassment Suit

A former associate dean at a for-profit college's Ogden, Utah campus has filed a sexual harassment lawsuit, claiming repeated, unwelcome ...

RGEB Names Sakai to Head Executive Benefits in Southern California

Woodland Hills, Calif.-based RGEB Employee Benefits named Michael Sakai to head the executive benefits department. The new executive ...

Californians Lump Props. 32 and 33; a Referendum on the 'B' Word

The "B" word may have been the most lethal weapon against an automobile insurance portable persistency initiative put to Californians, the ...

Calif. Broker Charged With Defrauding Tom Hanks, Ex-'Police' Musician

A Southern California insurance broker was arrested Wednesday on allegations he overcharged Tom Hanks, musician ex-Police band member Andy ...
International

Insurer Aviva Nearing Sale of U.S. Business

Aviva, the UK's second-biggest insurer, is closing in on the sale of its underperforming U.S. business, a key part its drive to strengthen ...

Outsourcing Failures Now in Top 3 as Causes of Supply Chain Disruption

According to a survey of 532 organizations from across 68 countries and 14 industry sectors, conducted by the Business Continuity Institute ...

7.4 Magnitude Quake Shakes Active Guatemala Region: AIR Analysis

According to catastrophe modeling firm AIR Worldwide, at 10:35:50 UTC on Nov 7, 2012 an earthquake estimated at a magnitude of 7.4 occurred ...

Canopius' Chief Inga Beale Stresses 'Client Focus' for European Success

Lloyd's has a good reputation in Europe, but managing agents need to become more client focused to be successful on the continent, ...

Swiss Re Posts $2.2 Billion Q3 Net Income

Swiss Re reported net income of $2.2 billion in the third quarter of 2012, compared to $1.3 billion in the prior-year period, and a return ...

Xchanging Secures Lloyd's Claims Reporting Contract

Xchanging, the business process, procurement and technology services provider and integrator, announced that it has been awarded a contract ...

Zurich Names Welton Group Chief Marketing Officer

Zurich Insurance Group announced the appointment of Isabelle Welton (49, Swiss citizen) to the position of Group Chief Marketing Officer, ...

Join the Insurance Journal Network

Twitter Facebook LinkedIn


Insurance Journal TV

Video thumbnail

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,...
Video thumbnail

Market Outlook: Stable But Not Robust

Calling today's market a "hard market" would be going too far, says Michael Miller, president...

TV icon Watch more videos at InsuranceJournal.tv

New Discussions in the Forums

how to switch from agency side to corporate underwriting?
Posted: Thu Nov 8 -- This is a good thread. I have been trying to do the same for awhile now. Let me know if you have any luck and what helped you. I have a CPCU... paulbennings
CGL for Various Consumer Goods Importer - CA
Posted: Wed Nov 7 -- Considering the products and the fact that the items are being imported, $25k is less than 1.5% OF SALES, is a very good price. The problem... mccluney
Creating a business plan
Posted: Mon Nov 5 -- A business plan is just a starting point. You mention wanting to have "measured growth". I was at the same point, almost exactly as you, 5... Swymmer
MKNI Commissions
Posted: Mon Nov 5 -- MKNI Commissions...do they pay you on time after they send you the email if your commissions exceed $500.00? Every month I get the email... mb95207
Demand for Medical Payments
Posted: Mon Nov 5 -- Regarding "shannonwells830"'s comment, please note that most states are upholding the assault and battery exclusion, regardless of whether... Claimsman
CLAIMS
Posted: Fri Nov 2 -- It is all under public liabilities. Well the lessor is responsible for any... shannonwells830

Reader Comments

In the End, Obama Won on Economy: Analysis
Posted: Wed Nov 7 -- Dr. Hartwig called in back in February in Chicago at the NAMIC conference. Obama would win with the economy improving and unemployment... Captain Planet
Election Gamble Backfires for Financial, Energy Firms: Commentary
Posted: Wed Nov 7 -- Sorry, but compromise time is over. The GOP made darn sure of it when instead of taking a deficit reduction deal that was everything they... ExciteBiker
Some Homeowners Unexpectedly Hit With 'Windstorm Deductible'
Posted: Wed Nov 7 -- And this broker is a licensed professional. Sad how many folks sell the product without a clue as to what they are selling. Sounds like... Tired of it all
Wrongful Death Claims Filed In California Deputy Shooting
Posted: Thu Nov 1 -- Explain to me why his entire family is filing a "lawsuit" was he the sole provider for his family? How much money was he going to earn his... incognito
Insurance Agents and the 2012 Election: Interview with Big I CEO Rusbuldt
Posted: Fri Nov 2 -- "According to Rusbuldt, Romney proved to be "quite pragmatic" when he was governor of Massachusetts and he feels that Romney would be... DS

Current Issue

November 5, 2012
Current Issue
Focus on Professional Liability / PLUS; Habitational / Dwellings; Agents' E&O Survey; Bonus: Free Ad Readership Study ($2500 Value); Bonus: The INDIANA Issue (Special Supplement)

More Newsletters

Choose Newsletters
Enter Your E-mail

How to Advertise

For 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 © 2012 by Wells Media Group, Inc.

No comments:

Post a Comment