Daily Headlines: Friday, December 28, 2012

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December 28, 2012 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National P/C Industry's 9 Month Results Show Insurers Can Handle Sandy Losses: ISO, PCI Before Hurricane Sandy hit, private U.S. property/casualty insurers' net income after taxes grew to $27 billion in nine-months 2012 from ... Toyota Claimants Not Part of $1.1 Billion Settlement Face Uphill Climb Toyota Motor Corp. eliminated a huge obstacle with a U.S. settlement over unintended acceleration in its cars and trucks, leaving it to ... Drunken Walking Can Be Deadly, Especially on New Year's Day Drinking and driving is a much-publicized, dangerous combination, but is walking after drinking any safer? "No, alcohol impairs your ... 6 Things for Independent Agents to Worry About in 2013 The 100-plus year-old independent agency distribution system is expanding, according to Future One's 2012 Agency Universe Study. The number ... P/C Insurers' Loss Reserves Continue to Surprise Analysts Analysts at two rating agencies, Fitch and Moody's, believe property/casualty insurers' prior-year loss reserve takedowns will continue to ... Canadian Private Equity Firm Onex Completes USI Acquisition Canadian private equity firm Onex Corp. said today it has completed its previously announced acquisition of USI Insurance Services from ... 2012 Product Wrap-up: The Top Three Coverage Trends - Part Three Insurance Journal and MyNewMarkets.com track hundreds of new insurance products and services every year. In 2012, the industry launched... More National News East Vermont Officials Issue Winter Weather Safety Tips As a winter storm whips across the region, officials in Vermont are issuing winter weather safety tips. The Burlington Fire Department is ... N.Y. Officials Suspend Staten Island Storm Home Repair Program An initiative that sends workers into storm-damaged Staten Island homes in New York to make electrical repairs for free is being suspended ... R.I. Legislator Sentenced for Underpaying Tax for His Adjuster Firm The deputy speaker of the Rhode Island House of Representatives has been sentenced to serve time in federal prison for tax fraud involving ... N.Y. Agency Owner Charged With Issuing Fraudulent Certificates of Insurance Authorities said a New York-based insurance agency owner has been charged with allegedly issuing fraudulent certificates of insurance. The ... More East News Midwest Missouri Republicans to Tackle Workers' Compensation Nearly two dozen years after Monroe Gunter retired from a long career at a Missouri power company, he was diagnosed with a rare form of ... Arthur J. Gallagher Acquires Heiser in Illinois Arthur J. Gallagher & Co. acquired Heiser Insurance Agency Inc. in Morton, Ill. Terms of the deal were not disclosed. Heiser Insurance ... Insurer Plans $15M Expansion in Indiana An insurance company that covers churches and their activities is planning a $15 million expansion of its Fort Wayne, Ind. headquarters. ... Arthur J. Gallagher Acquires The Eriksen Group Of Michigan Arthur J. Gallagher & Co. acquired The Eriksen Group Inc., in Birmingham, Mich. Terms of the deal were not disclosed. The Eriksen Group ... More Midwest News Southeast Insurers Divided Over North Carolina Auto Insurance Rate System A divided auto insurance industry will try again next year to change a unique regulatory system in North Carolina, which enjoys some of the ... Florida Court Allows Drivers to Rebut Presumption of Fault in Rear-End Crashes Florida's high court has ruled that drivers that cause an automobile accident by striking another car from behind can still sue the other ... More Southeast News South Central Storm Leaves 135K Still Without Power In Arkansas A Christmas Day blizzard that dumped more than 15 inches of Arkansas on the state, causing massive damage to power lines have affected more ... Louisiana Pie Maker Sues Fire Suppression Company, Insurers New Orleans pie maker Simon Hubig Company Inc., whose Louisiana plant was destroyed in a blaze six months ago, has sued the Kenner company ... More South Central News West R-T to Acquire Workers' Comp Wholesaler IFIS in California R-T Specialty LLC entered into a definitive agreement to acquire West Coast workers' compensation specialist International Facilities ... Farmers Agents Sue Carrier Over Contracts, Taking Client Info A group of Farmers Group Inc. agents have filed a lawsuit in Los Angeles Superior Court alleging the Los Angeles, Calif.-based carrier has ... More West News International Events that Topped World Insurance News in 2012 While 2012 wasn't as tumultuous as 2011, it had its share of insurance shaking trends and events. Here in roughly chronological order are ... Worst of Euro Crisis is Over, German Finance Minister Schaeuble Says The worst of the euro zone sovereign debt crisis is over, German Finance Minister Wolfgang Schaeuble has said in an interview to be ... Zurich Transfers Eagle Star to RiverStone; Irish Banking Business to Dunbar Zurich Insurance reported continued progress in its strategy to exit non-core businesses with two "key milestones" aimed at concentrating ... More International News Join the Insurance Journal Network Insurance Journal TV Contractual, Regulatory Requirements Effects on Cyber Marketplace Federal and state privacy laws and contractual requirements are driving interest and demand of... Watch Now Privacy & Security Coverage and Trends Richard Betterley, president of Betterley Risk Consultants, says cyber liability policies have... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums brightway insurance brokerage in florida Posted: Thu Dec 27 -- All I have to say is after working for Brightway the last 3 years, I question everything about the company. They accounting is terrible and... Blah22 WC account Losses 189 X-mod hard class codes Posted: Thu Dec 27 -- The easy answer...BBSI. Pricing is usually pretty good at that mod, and the program forces safety. Shawna64 National Agents Alliance? Legit or Keep Away? Posted: Wed Dec 26 -- I work with NAA. With no recruiting and only selling I made $50,000 net my first year. And will make about $85,000 this year. I do not have... shawninnebraska Long Term Care Tax Advantages Posted: Wed Dec 26 -- Another way to take advantage of long term care tax deductible is through tax-qualified ltc insurance. Their premiums are considered as... BeatrixLewis How do you ask for a referral? Posted: Wed Dec 26 -- Leads is another source of clients but I wouldn't go there. Referral is definitely much better and more reliable. The first thing you should... BeatrixLewis carriers for multistate trucking/warehousing work comp Posted: Mon Dec 17 -- You might want to check into Alaska National out of Seattle. This might not fit due to the high mod but last I knew they were a good market... Shagster1261 Go to Forums Reader Comments North Dakota DUI Bill Would Require Jail Time For 1st Offense Posted: Fri Dec 21 -- I agree with this. Nothing more would make an impact to avoid DUI driving in the future. As it is, there are so many repeat DUI drivers who... Center Point Thousands of Drivers Caught In Northern California Cell Phone Crackdown Posted: Thu Dec 27 -- I believe that texting while driving is akin to driving while impaired or at least reckless driving and should be treated accordingly. Even... Center Point Art Insurers Face Record Loss from Superstorm Sandy Posted: Fri Dec 21 -- I don't know the art insurance business but if you know you have high concentrations of artwork in one place and a hurricane coming, you... Tom Bruckmeyer Texas Homeowners Pay Highest US Insurance Premiums Posted: Fri Dec 21 -- As a Texas Independent Agent, I can relate to rising premiums since Texas is a weather state. My markets point to not making any money on HO... Agent Instagram Furor Triggers First Class Action Lawsuit Posted: Wed Dec 26 -- If they cannot maintain the privacy settings, then they should definitely expect a lot of fall out in court as well as on the internet. When... 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