Daily Headlines: Wednesday, November 7, 2012

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November 7, 2012 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National In the End, Obama Won on Economy: Analysis In the end, President Barack Obama won re-election on the issue that was supposed to send him packing: the sluggish U.S. economy. The ... Election Gamble Backfires for Financial, Energy Firms: Commentary "Elections have consequences, and Eric, I won," President Barack Obama famously told House Republican Whip Eric Cantor shortly after his ... Danger Increases But Call of the Water Still Irresistible for Many "We are tied to the ocean," an avid sailor and president named John F. Kennedy once said. "And when we go back to the sea, whether it is to ... Risk Retention Groups' Assets, Surplus Continue to Rise: Demotech Risk retention groups reported an underwriting loss but a net income gain in the first half of 2012, according to a review of their ... 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... More National News East New York, New Jersey Order Evacuations Ahead of New Storm [The National Weather Service updated its nor'easter forecast Wednesday morning. The agency said this strengthening coastal storm will ... Some Homeowners Unexpectedly Hit With 'Windstorm Deductible' In the immediate days after Superstorm Sandy, officials in the Northeastern states declared that hurricane deductibles would not apply to ... Stewart Re-Elected as Delaware Insurance Commissioner Democrat Karen Weldin Stewart was re-elected to a second term as Delaware's insurance commissioner on Tuesday, defeating Republican ... Conn.-Based Gowrie Group Hires Commercial/Marine Insurance Producer Gowrie Group, an independent insurance agency based in Westbrook, Conn., hired marine industry expert Dan Cooney as a commercial/marine ... More East News Midwest The Horton Group, Cassady Neeser & Brasseur Merge The Horton Group, a larged, privately held insurance agency based in Orland Park, Ill., announced a strategic merger agreement with Cassady ... Hamm Re-Elected as North Dakota Insurance Commissioner Republican and incumbent North Dakota Insurance Commissioner Adam Hamm handily won re-election against his Democrat challenger Tom Potter. ... Indiana Agrees to Stop Random Enforcement of Auto Insurance Registry The Indiana Bureau of Motor Vehicles has agreed to stop requiring drivers chosen at random from a state registry to prove they are insured. ... Wells Fargo Insurance Announces New Regional Leadership in Midwest Wells Fargo Insurance, part of Wells Fargo & Co., has named new regional leaders in the Midwest. Led by regional managing director John ... CNA Names Anderson as Senior Vice President in Finance Chicago-based CNA Financial Corp. has appointed James Anderson as senior vice president, Financial Planning & Analysis and Corporate ... More Midwest News Southeast Florida Industry Presses Progress Energy on Nuclear Reactor Insurance Claim Lawyers for industrial consumers are questioning Progress Energy Florida's approach to calculating how much insurance money the utility can ... North Carolina Re-Elects Goodwin as Insurance Commissioner North Carolina's incumbent insurance commissioner, Democrat Wayne Goodwin, beat back a challenge by Republican Mike Causey of Greensboro to ... Lawsuit Over South Carolina Data Breach Expanded to Private Firm A  former state senator has expanded his lawsuit over the hacking of millions of South Carolina tax returns to include a separate state ... More Southeast News South Central Louisiana Citizens Considering Commercial Property Rate Increase Louisiana Citizens Property Insurance Corp.'s board is expected to approve increasing its commercial coverage rates by an average of 45.1 ... RLI Acquires Houston's Rockbridge Underwriting Agency RLI Corp. announced it has acquired Rockbridge Underwriting Agency, a Houston-based managing general agency specializing in medical ... MarketScout Launches Council for Insuring Private Clients Dallas-based MarketScout, in cooperation with insurers ACE, AIG and Fireman's Fund, announced it has founded the Council for Insuring ... Louisiana Governor Asking for Vote on Health Insurance Outsourcing Plan Gov. Bobby Jindal's administration is returning to lawmakers this week to ask for approval to outsource a state employee health insurance ... More South Central News West Calif. Prop. 33 Defeated The second automobile insurance persistency initiative put to California in the last two years was defeated. California's Proposition 33, ... Washington's Kreidler Wins Fourth Term Incumbent Washington Insurance Commissioner Mike Kreidler won 57.7 percent of the vote in his re-election bid for state insurance ... Colorado Springs Wildfire Expected To Create Jobs Economists say a wildfire that burned 346 homes and scorched 28 square miles in the Colorado Springs area over the summer could provide an ... Insurer Seeks Delay in Landmark Wyoming Hotel Arson Suit An insurance company is asking a federal judge in Cheyenne to delay a lawsuit over a disputed insurance claim in a 2010 fire that ... Hub International Acquires Assets of Raintree in Southern California Hub International Ltd. acquired the assets of Raintree Insurance Agency Inc., a San Bernardino, Calif.-based insurance brokerage firm. ... More West News International Foreign Insurers Enter Myanmar Market with Hope, Caution The world's top insurance firms are setting their sights on Myanmar, steeling themselves for a fight with corruption and ghosts from the ... Which Insurance Products Do Europeans Rate Tops? Zurich Survey Answers Pressure at work and school, the financial crisis and concerns about their families are keeping Europeans awake at night, according to a ... Munich Re Raises 2012 Profit Forecast on Stronger 9-Month Results Munich Re said it expects a higher consolidated result for 2012 than previously envisaged. Following a profit of €2.7 billion [$3.47 ... Mapfre Concludes $1.284 Billion Senior Debt Issuance Spain's Mapfre said it  concluded a €1 billion [$1.284 billion] debt issuance of senior notes with a fixed coupon of 5.125 percent, ... More International News Sponsored Content StateFund First- Your Access Partner to the CA State Fund for Workers Comp- No Fees- Fast and Easy Online Submission! Check it out. More Sponsored Content 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 7 -- Hi i have been looking for a corporate underwriting job for past 2 months, but do not receive successful responses. I was working in a state... yolandafight 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 CGL for Various Consumer Goods Importer - CA Posted: Fri Nov 2 -- Does anyone have a CGL market for an importer of consumer goods. Some are private labeled some are not. Annual sales volume is $2,000,000.... InsureTime CLAIMS Posted: Fri Nov 2 -- It is all under public liabilities. Well the lessor is responsible for any... shannonwells830 Go to Forums Reader Comments 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 P/C Insurers Can Handle Sandy Losses; Flood Program to Bear Brunt Posted: Wed Oct 31 -- Well, it's a good thing the NFIP is well funded, self-sustaining, and actuarially sound. youngin' 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 Florida Consumer Advocate Hits Use of Past Credit History to Deny Claims Posted: Sun Nov 4 -- Another black eye for the Florida insurance industry. Universal shouldn't be allowed to deny a claim based on credit if they forego running... Arthro Dad Of Girl Killed In Colorado Theater Shooting Sues Posted: Mon Nov 5 -- Tragic? Yes....and my heart goes out to the families. Is the theater responsible? NO! How can a theater amp up security - install TSA-type... 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