Daily Headlines: Tuesday, December 18, 2012

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December 18, 2012 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National P/C Insurance Analysts' Expectations Climbing: Accenture Although returns-on-equity for the property/casualty insurance industry are lagging in the mid-to-upper single-digit range, equity analysts ... Traffic Acccidents Lead Cause of High-Severity Workers' Comp Injuries: Study Traffic accidents are a leading cause of high-severity workers' compensation injuries. Moreover, they are pervasive; indeed, a study by ... Ratings Roundup: Hiscox (U.S.), Bison, Nations A.M. Best Co. has upgraded the issuer credit rating (ICR) to "a+" from "a" and affirmed the financial strength rating of 'A' (Excellent) of ... AssuredPartners Acquires Two Agencies AssuredPartners Inc., based in Lake Mary, Fla., recently announced the acquisition of two independent insurance agencies. In its first ... K&K Insurance Group Offers New Program for Walk/Run Events Fort Wayne, Ind.-based K&K Insurance Group Inc., a sister company to Affinity Insurance Services Inc. and a managing general underwriter, ... Foremost Insurance to Take Over Zurich's Small Business Insurance Program Beginning January 2013, Foremost will introduce business insurance into its portfolio of products. Foremost is a part of the Farmers ... Commercial Insurance Prices Rise as Carriers' Loss Ratios Improve Commercial insurance prices in aggregate increased by 6 percent during the third quarter of 2012. This marked the seventh consecutive... More National News East N.J. Regulators Offer Tips on Managing Settlement Process Post-Sandy New Jersey Department of Banking and Insurance Acting Commissioner Ken Kobylowski is offering advice to consumers in an effort to help ... D.C. Mayor Opposes Plan to Reimburse Flood Victims District of Columbia Mayor Vincent Gray and water utility officials are opposing a plan by the D.C. Council to reimburse flood victims in ... MetLife Taps Attorney From The Hartford as New General Counsel MetLife Inc. announced Ricardo Anzaldua will join the company as general counsel, effective this week. He will report to CEO Steven ... New Jersey OKs 8.3% Hike in Workers' Comp Rates The New Jersey Department of Banking and Insurance has approved an 8.3 percent increase in manual rates and rating values applicable to New ... More East News Midwest Ohio Law Would Increase Auto Insurance Requirement A new law approved by Ohio lawmakers would raise the minimum amount of car insurance motorists are required to carry. WBNS-TV reports that ... Insurance Charitable Foundation Awards $300K in Grants in Midwest States The Insurance Industry Charitable Foundation (IICF) Midwest Division has awarded more than $300,000 in community grants across four Midwest ... 10 Families Displaced by Indiana Tornado Get New Homes Saturday was an emotional, yet joyful day for Danielle Guthrie, when Habitat for Humanity handed her the keys to her new house in ... More Midwest News Southeast Praetorian Offers to Lower Florida Forced-Placement Rates by 18.8% A forced placement mortgage property insurer providing coverage in Florida has offered to lower its rates by an average of 18.8 percent, ... Brown & Brown Acquires Behnke & Associates in South Florida Florida-based national insurance brokerage Brown & Brown Inc. announced this month asset acquisitions of Behnke & Associates Inc., an ... Tennessee Business Owner Indicted for Alleged Workers' Comp Fraud Tennessee authorities announced recently that a Memphis business owner had been indicted for alleged workers' compensation fraud. The state ... More Southeast News South Central Louisiana Men Used Tow Truck to Steal Cars From Homes A New Orleans, La., resident has helped police catch two men suspected of using a tow truck to steal cars from homes. Dawn Dedeaux tells ... Texas Food Processing Companies Fined $134K for Alleged Safety Violations Two Fort Worth, Texas-based companies have been cited by the U.S. Department of Labor's Occupational Safety and Health Administration for ... Allstate: Texas Car Crashes Spike More than 20% Around the Holidays More Texans crash their cars during the holiday season than any other time of the year, according to an Allstate Insurance Co. review of ... More South Central News West Suit Alleges Excessive Force By New Mexico Police A mentally disabled man who was shot by an Albuquerque, N.M. police officer has filed a civil rights lawsuit against the city. The ... Family of Slain Arizona Border Patrol Agent Sues Officials The family of a slain Arizona Border Patrol agent has sued federal officials over the botched "Fast and Furious" gun operation, claiming ... PG&E: Workers Fired For Lying About Northern California Inspections Pacific Gas and Electric Co. said it has fired or suspended nearly 20 workers after discovering legally required inspections may not have ... More West News International Dirty Money Costs Developing World $6 Trillion, Led by China -GFI Report Crime, corruption and tax evasion have cost the developing world nearly $6 trillion over the past decade, and illicit funds keep growing, ... IIF Report Concludes Capital Curbs on Insurers Will Add to Government Burden Proposed curbs on insurers aimed at preventing a repeat of AIG's 2008 taxpayer bailout could raise the cost of insurance, making more ... Zurich Estimates Sandy Losses at $700 Million; $40 Million for Farmers Re Zurich Insurance announced that it currently estimates aggregate claims net of reinsurance of about $700 million relating to Storm Sandy. ... Catlin Estimates Storm Losses from Sandy at around $200 Million The Bermuda-based Catlin Group Limited announced that it currently estimates its Sandy-related losses at approximately $200 million, net of ... Talbot Appoints Schild as New Political Risk Underwriter Talbot Underwriting Ltd., a wholly owned subsidiary of Validus Holdings, Ltd., announced the appointment of Thomas Schild as Vice ... 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 Rate Changes Coming to Healthy Railroad Industry At one time it seemed that the railroad industry was doomed, but thanks in part to the... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums 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 WC account Losses 189 X-mod hard class codes Posted: Mon Dec 17 -- Last years premium was $110K. Prior mod was a 147. They frequency and severity claims both. I love the freakonmics lesson. I will pass that... dgarzoli California Raw Milk Sales( Products Liability Markets ) Posted: Sun Dec 16 -- Are you looking for product liability or products contamination/recall coverage? e-mail me at ... INTLXS Insurance directories?? Posted: Fri Dec 14 -- I'm of the belief currently that it's pretty insane to try and start a general lines/personal lines agency from scratch and that... d's insurance store Deposit into the trust account or operating account? Posted: Thu Dec 13 -- I concur- Option A is the correct procedure. sacman Contractor License Question Posted: Thu Dec 13 -- I would think having a contractor working under another's license and initiating new policies under that license could also create a... Shagster1261 Can an employer fire an employee because their pre-convicted Posted: Thu Dec 13 -- Technically "convicted" means until the person (employee) has exhausted the appeals process... consult1 Go to Forums Reader Comments Dallas Cowboys Player Death Raises Question of Safety Net Posted: Wed Dec 12 -- Fanucci, you are right. A star athlete is catered to from grade school, jr high, high school, college and then the pros if they are good... Agent Treasury Selling All of Its Remaining AIG Common Stock Posted: Tue Dec 11 -- D, what is it called when taxpayer money is extended to a company to keep it from going under? We have a pretty good idea on why AIG was... Agent Commentary: AIG 'Profits' an Insult to the Concept Posted: Thu Dec 13 -- The failure of AIG would have prolonged the length and severity of US recession Chuck New Jersey Gov. Christie Vetoes State-Run Health Exchange Bill Posted: Wed Dec 12 -- I am sure that no one with existing coverage from an employer will be required to do anything. there are some employers who will try to... Stush Deaths of Bicyclists, Large Truck Occupants Rise as Other Traffic Fatalities Fall Posted: Wed Dec 12 -- yoyowordup: It is too simplistic to blame bicyclists for the increase in deaths. The riders are, after all, killed by car & truck drivers.... 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