Daily Headlines: Monday, February 4, 2013

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February 4, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Industry Opposition Slows Airline Safety Law Implementation: Report Federal regulators are struggling to overcome substantial industry opposition and implement a sweeping aviation safety law enacted after ... Republicans to Block Obama Consumer Financial Bureau Chief U.S. Senate Republicans on Friday pledged to block President Barack Obama's choice to lead the consumer finance watchdog until Democrats ... Obama Offers Compromise on Birth Control Insurance Coverage The Obama administration on Friday sought to settle a dispute with religious leaders over whether employees at faith-affiliated ... Insurance Industry Predicts Super Bowl XLVII Insurance experts who make their living predicting and paying losses overwhelmingly believe that the Baltimore Ravens are headed for a loss ... Insurance Segments to Watch in 2013 - Part Two: Healthcare While many in the insurance industry were focused on the cyber liability, cargo theft, and weather segments in 2012, this year a number of... More National News East Chubb to Adjust Underwriting in Northeast Post-Sandy The Chubb Corp., which posted Superstorm Sandy-related pre-tax costs of $882 million in its latest earnings report, said there would be ... Connecticut Regulators Recovered $8.7M for Policyholders, Taxpayers in 2012 Connecticut Insurance Commissioner Thomas Leonardi announced last week that the Connecticut Insurance Department recovered approximately ... New York City Announces $15M Mold Cleanup Program Post-Sandy New York City is beginning a $15 million program to clean up at least 2,000 homes that became contaminated with mold after they flooded ... Northern United Agents Alliance Adds New Member Agency in Vermont The Northern United Agents Alliance (NUAA), an independent agency partnership based in New Hampshire, announced the addition of the ... Selective Reports 2012 Q4 Profit of $1.3M; Sandy Losses at $30.3M Branchville, N.J.-based Selective Insurance Group posted 2012 fourth quarter net income of $1.3 million, down more than 92 percent compared ... More East News How did agency salaries actually fare in 2012? Last year's survey revealed that overall salaries for agencies in 2011 rose for the first time since 2008. While 2011 was an improvement, independent agencies predicted even better times in 2012. Agencies predicted higher pay and increased benefits in 2012. Did those predictions come true? How did agency salaries actually fare in 2012? And what other compensation trends evolved in 2012? Participate in our exclusive 2013 Salary Survey and we'll share the results with you. Midwest Study: Manufacturing Driving Growth in Ohio Manufacturing is again driving Ohio's economic expansion, with more than half of the state's counties dependent on the sector, according to ... Wisconsin's McClone Acquires Burkart-Heisdorf Insurance Agency Two independent insurance agencies in Wisconsin have joined forces with the acquisition of Burkart-Heisdorf Insurance Agency Inc. by ... Ohio Employers Want $860M from Work Comp Bureau After Ruling Attorneys for employers who won a ruling against the Ohio Bureau of Workers' Compensation are asking the state to pay $860 million. The ... More Midwest News Southeast Georgia Insured Loss from Tornado Estimated at $75 Million Georgia Insurance and Safety Fire Commissioner Ralph Hudgens said last week's tornadoes caused an estimated $75 million in insured losses. ... Meningitis Victim's Widow Sues Tennessee Clinic, Challenges Awards Cap The husband of a Nashville woman who died in last year's fungal meningitis outbreak after receiving injections has sued the clinic that ... Safety Rule on Methane in West Virginia Mines Stalled A rule that could toughen the limits on methane gas levels in West Virginia coal mines remains stalled as state officials debate both ... Brown & Brown's 2012 Q4 Profit Up 16.8% Florida-based national insurance brokerage Brown & Brown Inc. reported 2012 fourth-quarter net profit of $42.64 million, up 16.8 percent ... More Southeast News South Central Oklahoma to Host National Tornado Summit Oklahoma will host its second annual national tornado summit in Oklahoma City March 10-12, the Oklahoma Insurance Department announced. ... Tax Cuts, Workers' Comp Top Oklahoma GOP Agenda Republicans enjoying a tighter grip on the Oklahoma Legislature say they hope to cut taxes, overhaul the workers' compensation system and ... Texas Mutual Awards $300K in Safety Education Grants Texas Mutual Insurance Co. has awarded a combined $300,000 in grants to Kilgore College, Midland College and College of the Mainland in ... More South Central News West San Diego Mayor Ends Red-Light Camera Enforcement San Diego Mayor Bob Filner has decided to take down the city's red-light cameras, saying data didn't show that the program has decreased ... Former Hospital CEO in Washington State Wins $350K in Arbitration The former CEO of Lake Chelan Community Hospital has won $350,000 in arbitration over a defamation lawsuit. The Wenatchee World reports an ... Hollywood Club Accused of Overcrowding, Fire Risks The owners of a Hollywood nightclub have been charged with violating fire codes and allowing overcrowding that put lives in danger. The Los ... Washington Insurance Department's 'Mobile-friendly' Goal The state agency that regulates Washington's insurance industry has launched a revamped website designed to be easier to use for consumers ... Melaleuca CEO Sues Mother Jones for Defamation in Idaho Eastern Idaho businessman Frank VanderSloot is suing Mother Jones magazine because he contends he was defamed by an article that depicted ... More West News International Three More Bodies Found at Mexico Pemex Blast Site, Death Toll Reaches 36 Mexican rescue workers found three more bodies over the weekend amid the rubble of a deadly blast that tore through state oil firm Pemex's ... Syndicates Increasingly Using Lloyd's China Platform "A growing number of syndicates are using Lloyd's platform by placing their own underwriters in China," says an article on the Lloyd's ... Dual Specialty Underwriters Launches International D&O Program Dual Specialty Underwriters, LLC has launched a newinternational directors' & officers' liability (D&O) program aimed at foreign companies ... More International News Sponsored Content Liz Henderson Joins ASL FL as Property/Casualty Producer Clearwater, FL, 02/04/13 - In alignment with the corporate initiative for growth of the company's presence in Central Florida, Atlantic ... More Sponsored Content Join the Insurance Journal Network Insurance Journal TV North Carolina Home (Insurance) Improvement: Commissioner Goodwin Recently re-elected North Carolina Insurance Commissioner Wayne Goodwin welcomes his expanded... Watch Now Effects of Worldwide Economic Instability on American Companies Despite a slightly improved economy here in the U.S., the global economy is not out of the... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Laws on where an office can be? Posted: Mon Feb 4 -- Ok thanks was just worried about it being considered a controlled business JamesMcwhorter 1st Year as a Producer Stories Posted: Sun Feb 3 -- Designations will mainly benefit you, the agent, through self help, self learning about insurance in general. Other than that, the general... lonestar Best mgmt system for small agency Posted: Sat Feb 2 -- What is the best and most affordable mgmt system for a small independent New agency? JamesMcwhorter Farmers vs. Independent Posted: Fri Feb 1 -- hmberter, you may visit the following website. This is a site where several current and ex Farmers agents post about Farmers. I suggest you... lonestar New independent agency Posted: Thu Jan 31 -- Might be tough to obtain direct appointments without experience. The market is very tight right now. Your best bet would most likely be to... lonestar Can an insured buy Contractual liabiliy as separtate policy Posted: Thu Jan 31 -- Yes they can We have 8 markets. Minimum premium $2,500.00 trotony7 Could your music influence your insurance score? Posted: Thu Jan 31 -- Actually it is not new. This pot has been boiling for a little while now and companies are hot and heavy into developing their own database... edbowling The New Small Insurance Agency Posted: Tue Jan 29 -- Fortunately, opportunities are everywhere given the wide range of products that can be offered. The major challenge is being able to... DBL Surety Go to Forums Reader Comments Legislation Would Eliminate a Gun-Related Felony in Oklahoma Posted: Thu Jan 31 -- "Gun ownership is a right given to us by the Second Amendment" - State Sen. Kyle Loveless Wrong! Wrong! Wrong! The right to keep and bear... Phoenix Fraud Concerns Linger Over Illinois Driver License Law Posted: Tue Jan 29 -- Lovely, just lovely. Lets invite more Non Tax Paying people to our already broke state. FFA Florida Senate Democrats to Oppose Property Insurance Rate Hikes Posted: Fri Feb 1 -- If Sen Smith and Sen Simmons have a solution to lower insurance rates, provide broad coverage, expand capacity, and encourage companies to... SWFL Agent South Dakota House Passes Bill on Arming Teachers Posted: Fri Feb 1 -- What a great state! reader Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue January 28, 2013 Excess, Surplus & Specialty Markets Directory, Volume I More Newsletters Choose Newsletters Daily Headlines Weekly Reader Picks Magazine Update Insurance Journal TV Classifieds Breaking News MyNewMarkets Daily Claims Daily Enter Your E-mail Market Directories Excess & Surplus Markets Programs Workers' Comp Markets New Insurance Jobs President and CEO Financial Markets Lead / Senior Specialist Academic Insurance Program Director Controller Have a job opening? List it on our Web site. 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