Daily Headlines: Wednesday, November 14, 2012

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November 14, 2012 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Reinsurers' Capital Can Absorb Sandy Losses Below $50 Billion: S&P Standard & Poor's Ratings Services said that the reinsurance sector's strong capital and very strong earnings thus far in 2012 will allow ... Meningitis Outbreak Spurs Calls to Boost Pharmacy Oversight U.S. and state health regulators called on Congress on Tuesday to strengthen federal oversight of compounding pharmacies as lawmakers ... Sandy to Have Limited Impact on Catastrophe Bond Market: Willis Superstorm Sandy's impact the catastrophe bond market is likely to be muted based on current estimates, with little impact on new pricing, ... Best Affirms Markel Corp. and U.S. Subs Ratings; Outlook Stable A.M. Best Co. has affirmed the financial strength rating (FSR) of 'A' (Excellent) and issuer credit ratings (ICR) of "a+" of the members of ... LexisNexis, BuildFax Collaborate to Expand Homeowners Insurance Information LexisNexis Risk Solutions has formed a strategic relationship with BuildFax to assist homeowners insurance companies with the challenges ... AIG Introduces OSHA Assist for Construction Clients American International Group, Inc. has introduced OSHA Counsel Assist (OSHA Assist), an enhancement to general liability programs for ... 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 Post-Sandy Survey: Only Minor Damages to Buildings From Direct Wind Damage from storm surge and flooding caused by Superstorm Sandy is widespread and extensive -- but there is only minor damage to buildings ... Connecticut Well-Positioned to Remain Insurance Capital: Report The Connecticut insurance sector plays a vital role in the global insurance landscape and the state's economy -- and the state is ... Some Sandy-Damaged Manhattan Office Buildings to Reopen Soon Some Manhattan office buildings badly damaged by SuperStorm Sandy two weeks ago are coming back on line faster than even their owners ... Q&A With Attorneys on Emerging Business Insurance Topics As companies large and small grapple with losses in Sandy's aftermath, a number of critical -- and costly -- business questions have ... More East News Midwest Indiana's Ronk: Agents Enjoy a Healthy Insurance Environment in State The current business environment for independent insurance agents in Indiana is pretty good thanks to the hard work and legislative ... Jewelers Mutual Promotes Sanders to Executive VP, Chief Operating Officer Neenah, Wis.-based Jewelers Mutual Insurance Co. has promoted Carol Sanders, to executive vice president (EVP) and chief operating officer ... South Carolina Man Sentenced in Ohio for Workers' Comp Fraud A South Carolina man has been ordered to repay the Ohio Bureau of Workers' Compensation (BWC) more than $140,000 for holding several jobs ... More Midwest News Southeast Kentucky Earthquake Not Due to Mining: Geologist Geologists say the 4.3 magnitude earthquake that shook eastern Kentucky last weekend was too deep to be induced by the region's underground ... Tennessee War Widow Claims Fox Network Violated Privacy A widow of a U.S. Army soldier killed in a blast in Afghanistan has sued Fox Cable Networks and the National Geographic Society over a ... Florida Citizens' Murphy Named VP by Main Street America Debbie Murphy has joined The Main Street America Group as the property/casualty insurance carrier's vice president and head of personal ... South Carolina Names Insurance Lobbyist Farmer as Insurance Chief South Carolina Gov. Nikki Haley has named Ray Farmer as the state's new insurance regulator. Farmer is a lobbyist with the ... More Southeast News South Central Study: Oklahoma Workers' Comp Costs Among Highest in Nation Despite reform attempts, Oklahoma's workers' compensation insurance rates continue to be among the most expensive in the country, according ... Higginbotham Adds Carmichael as VP in Employee Benefits Practice Fort Worth-based Higginbotham has hired former U.S. Department of Labor (DOL) investigator Ross Carmichael as the new vice president of ... Craddick Bill Would Ban Texting While Driving in Texas Texas Rep. Tom Craddick (Midland) has filed House Bill 63, the Alex Brown Memorial Act, which would implement a statewide ban on texting ... A.M. Best: Outlook Positive for Oklahoma's National American Insurance Co. A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating of B++ (Good) and issuer credit ... More South Central News West Arrowhead Names Cruz to Workers' Comp in Southern California San Diego, Calif.-based Arrowhead Wholesale Insurance Services named Jose Cruz Jr.  an account executive of Worker's Compensation. Cruz, ... Los Angeles County Settles Bus Accident Suit For $3.5M An attorney says Los Angeles County's transit agency has paid $3.5 million to a  California woman whose foot was crushed by a bus. Jenny ... Scheetz Joins Worldwide Facilities in Northern California Worldwide Facilities Inc. named Chris Scheetz to its San Francisco, Calif. office as a property broker. Scheetz will assist in expanding ... More Than 100 Crashes Blamed On Utah Snowstorm A weekend snowstorm that dropped as much as 18 inches of snow on the Wasatch Front is being blamed for more than 100 car accidents. The ... Wildfires Will Cost Wyoming Over $40M State Forester Bill Crapser says this year's wildfires have consumed all the money the state had set aside for fire suppression. Crapser ... More West News International Toyota to Recall 2.77 Million Vehicles for Steering, Water Pump Problems Toyota Motor Corp said it will recall 2.77 million vehicles worldwide, including some of its popular Prius hybrid cars, for steering and ... Willis WCMA Reports Sandy's Cat Bond Impact Likely to be Muted The impact of Hurricane Sandy on the catastrophe bond market is likely to be muted based on current estimates, with little impact on new ... Willis Launches 'DARCstar' Directors' All Risks Cover in Asia-Pacific Region Willis Group Holdings announced the launch of its directors' all risks cover (DARCstar) in Australia, Hong Kong and Singapore, which it ... EU Fails to Fill Cash Gap as Climate Talks Loom EU finance ministers have failed to deliver firm promises of cash to help poor nations deal with climate change, threatening progress at ... China's State Insurers Give 'Thumbs Up' to Party with 50-year Bond Buy China's state-owned insurers gave a vote of confidence in the ruling Communist Party as it winds up its five-yearly congress on Wednesday, ... RenRe Appoints O'Donnell as President, Global Chief Underwriting Officer Bermuda-based RenaissanceRe Holdings Ltd announced the appointment of Kevin O'Donnell to the position of President & Global Chief ... Best Affirms Markel International, Lloyd's Syndicate Ratings; Outlook Stable A.M. Best Europe - Rating Services Limited has affirmed the financial strength rating of 'A' (Excellent) and issuer credit ratings of "a+" ... 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 how to switch from agency side to corporate underwriting? Posted: Wed Nov 14 -- "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... yolandafight 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 E&O Coverage Posted: Thu Nov 8 -- If you are with Lloyds , Maxum or Markel you can most likely save some money and get coverage with an Admitted carrier. If you want a quote... Coveredone 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 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 Obama Administration Gives States Extra Time on Health Exchanges Posted: Wed Nov 14 -- 15 employees? You'd better hope they are all young and healthy. That seems like an awful low number to be self-funded. Libby Californians Lump Props. 32 and 33; a Referendum on the 'B' Word Posted: Thu Nov 8 -- Here's a "B" word for ya to fire back with, "BOZO". It's ILLEGAL to drive without insurance in most states, so why would it be an un-fair... Ins Guy 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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