Tuesday, February 12, 2013

Daily Headlines: Tuesday, February 12, 2013

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Insurance Journal Daily Headlines
February 12, 2013
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

1 in 20 Credit Reports Have Errors: FTC

One in 20 American consumers had mistakes on their credit reports that would have increased their interest rates on loans or caused them to ...

Obama Expected to Issue Cyber Defense Order

President Barack Obama plans to release a long-awaited executive order aimed at improving the nation's defenses against cyber attacks as ...

High Prices, Crop Insurance to Offset Drought Losses for Farmers in 2013: USDA

The seven-year-old U.S. agricultural boom, driven by record-high commodity prices and painfully tight supplies, is expected to peak this ...

Top 10 Alcohol Brands of Underage Drinkers

A relatively small number of alcohol brands dominate underage youth alcohol consumption, according to a new report from researchers at the ...

Marsh & McLennan Q4 Profit Up 1.2%; Full-Year Profit Rose 18% to $1.18B

Marsh & McLennan Cos. Inc. reported this morning $259 million for the 2012 fourth quarter net income attributable to the company, a 1.2 ...

From MyNewMarkets.com AIG Survey Shows Top Executives' Concerns with Cyber Risk

A survey of perceptions about cyber risk sponsored by the American International Group Inc. (AIG) found that among corporate executives,...
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East

AIR Worldwide: Some Mitigating Factors Helped to Limit Snowstorm's Damage

A massive February 8-9 winter storm brought deep snow and high gusting winds to Northeast and New England states, but so far, "several ...

Lots of Snow but Not Many Power Failures in New Jersey

New Jersey residents with fresh memories of Superstorm Sandy's devastation and disruptions woke up last Saturday morning to a blanket of ...

SeaFire Insurance Seeks Agency Partners in New Hampshire, Vermont, Maine

SeaFire Insurance Services said it is actively seeking new agency partners in New Hampshire, Vermont and Maine for its exclusive auto ...

Quaker Special Risk Opens Boston Office, Hires Account Executive

Quaker Special Risk, an independent E&S brokerage firm with its principal Massachusetts office located in Worcester, announced the opening ...

USI Insurance Services VP Moves to Aon in Rhode Island

Aon plc, a global provider of risk management, insurance and reinsurance brokerage, and HR consulting and outsourcing services, recently ...
The National Flood Insurance Program: Past, Present and Future - new class from Academy of Insurance
Midwest

Nebraska Lawmakers Pushing Traffic-Safety Measures

Motorists and passengers who ride without a seat belt could face a $100 fine in Nebraska, and might even see their insurance rates increase ...

The Huttenlocher Group Named Accident Fund Agency of the Year

Lansing, Mich.-based workers' compensation insurer, Accident Fund Insurance Company of America, has named The Huttenlocher Group of ...

Insurers: False Auto Claims on the Rise in Minnesota

Auto insurance companies say false and exaggerated injury claims are on the rise in Minnesota. The National Insurance Crime Bureau says ...
Southeast

How Identity Theft Ruined Alabama Victim's Finances, Career

Air National Guard Maj. Zane Purdy was making more than $100,000 a year working for a defense contracting company when his identity was ...

Mississippi's Hattiesburg Suffers Significant Storm Damage

An apparent tornado passed through the heart of Hattiesburg, Mississippi, on Sunday as part of a wave of severe storms that caused injuries ...

Coventry Insurance, Knightbrook to Offer Personal Articles Coverage in FL

Coventry Insurance Services and KnightBrook Insurance Co. have partnered to offer Coventry Shield Valuable Personal Articles Coverage. The ...
South Central

Arkansas Lawmakers Weigh Competing Tort Reform Ideas

Arkansas lawmakers are weighing competing ballot measures to address rulings that overturned parts of a 2003 tort reform law, including a ...

Arcana Adds Kirkindoll as Chief Business Development Officer

Arcana Insurance Services recently named Gary Kirkindoll as chief business development officer, assigned to corporate headquarters in ...

Guns on Campus Bills Moving Through Oklahoma Legislature

While a special school safety commission formed after the massacre of schoolchildren in Connecticut continues its work, Oklahoma ...
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West

Court Rejects Appeal of Wasilla Homicide Lawsuit

The children of a woman killed by her husband at the home of a friend can't collect damages from the homeowner because she engaged in a ...

Inmate Lawsuits Cost California $200M

Gov. Jerry Brown has begun aggressively challenging federal court oversight of California's prison system by highlighting what he says is a ...

ACES Commercial Insurance Launches Small Artisan Contractor Program in CA

ACES Commercial Insurance Services, Inc, a managing general agency offering specialty commercial insurance products now has in-house ...
International

Arch Capital Posts $13.7 Million Q4 Net Income; $568.3 Million FY 2012

The Bermuda-based Arch Capital Group Ltd. reported net income available to common shareholders for the 2012 fourth quarter of $13.7 ...

Renaissance Re Posts $41.7 Million Q4 Net Income; $566 Million FY 2012

Bermuda-based RenaissanceRe Holdings Ltd reported net income available to common shareholders of $41.7 million or $0.87 per diluted common ...

Munich Re Warrants Performance of Xicato's LED Light Modules

Munich Re announced that it has "introduced ground-breaking insurance coverage with the US lighting company Xicato," which provides its ...

Insurance Exec. Bathurst to Head Mystic Capital's London Office

U.S.-based Mystic Capital Advisors Group, LLC announced thay Andrew Bathurst and Highhurst Consulting Limited are to head its London ...
The National Flood Insurance Program: Past, Present and Future - new class from Academy of Insurance


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Markel Specialist Talks Nonprofits

Nonprofits were hit hard by the economy, and now face ongoing public perception issues thanks...
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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...

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New Discussions in the Forums

S. California CSR openings
Posted: Tue Feb 12 -- I am moving from Florida to the Oceanside/Temecula area due to my husband's military transfer. I have 15 yrs experience with AMS as well as... LoftusCSR
Farmers vs. Independent
Posted: Mon Feb 11 -- Insurance laws vary by state and you can usually only work for one agent/agency at a time. Working for two agencies could present a conflict... InsureZoneDirect
Could the insurance industry do more to Century?
Posted: Mon Feb 11 -- I find this industry pretty frustrating at times. It's sad if all a player can do to stand out from the rest is use a stuffed animal or... PaulBrindley
1st Year as a Producer Stories
Posted: Thu Feb 7 -- Right on Sac thank you. The "Trusted Advisor" is what I am seeking to be. californiadude
Credit Card Processing
Posted: Wed Feb 6 -- You may want to look at SQUARE... beyert1
CPCU 500 HELP!
Posted: Tue Feb 5 -- I took the CPCU 500 in March of 2012, which is the new "500" - the old one was the "510". If you have a sign-on at "the institutes" they... gdsmack
QuickBooks
Posted: Tue Feb 5 -- I realize this is an old thread but I have yet to find a good way to book direct bill in Quickbooks. I'm thinking of switching to Applied or... DBL Surety

Reader Comments

Government's Case Against S&P: Ratings Stopped Making Sense
Posted: Wed Feb 6 -- Hey, S&P? Remember that report you wrote slamming actuaries in 2003 called "Insurance Actuaries-A Crisis of Credibility"? Huh? Remember... An Actuary
Family Sues Company Over Minnesota Office Attack
Posted: Tue Feb 5 -- Ahhh, yes.....the OTHER side of the Americans With Disability Act (ADA). If this obviously mentally ill person WASN'T hired because of his... Scott
N.J. Gov. Christie Says Fed Flood Insurance Program Is a 'Disgrace'
Posted: Wed Feb 6 -- What you did hear from the Northeast as a "Yes" when asked if federal aid should be sent to Florida, Georgia, Alabama, Mississippi,... Center Point
North Carolina Man Jailed After 9th DWI Charge
Posted: Thu Feb 7 -- You know what else would work in this guy's favor? JAIL TIME! Keith D
Republicans to Block Obama Consumer Financial Bureau Chief
Posted: Tue Feb 5 -- Let's make sure we all understand the facts: - The financial collapse was CAUSED by the government FORCING banks to make loans to unworthy... Mike N

Current Issue

February 11, 2013
Current Issue
Nonprofits, Social Services & Schools; Errors & Omissions; Business Auto & Repair: Commercial Auto, Gas Stations, Service Stations, Garagekeepers Liability, Tire Dealers & New / Used Car Dealers; Bonus: The Florida Issue (Special Supplement)

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