Daily Headlines: Monday, March 18, 2013

Contact us | Subscribe | Send to a Friend

March 18, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Fitch: P/C Insurer Profit Up in 2012; Reinsurers Recover Property/casualty insurers' operating profits improved in 2012, driven by reduced incurred losses from natural catastrophes and core loss ... BP Challenges 'Absurd' Oil Spill Claims BP launched its promised appeal against "fictitious" and "absurd" oil spill compensation payouts on Friday and asked a judge to temporarily ... Court Throws Out Class Action Against JP Morgan Over Clearing Broker A U.S. federal appeals court on Friday threw out a class action lawsuit against JPMorgan Chase & Co., making it easier for companies that ... Research Panel Recommends Steps to Help Mine Workers Escape in Emergencies Federal regulators and safety officials should consider requiring more backup air supplies and work to develop better breathing devices ... Courtemanche Named Chairman, Boyd Division President for ACE Private Risk The ACE Group announced appointments in the company's high-net-worth personal insurance business. Robert Courtemanche has been appointed as ... Markel Enhances Tenant Discrimination Policy Markel has revamped its tenant discrimination policy for property owners and managers. The newly enhanced form now offers a number of new ... RAA: U.S. Reinsurers Had Higher Profits, Improved Underwriting Results in 2012 The Reinsurance Association of America (RAA) said a group of 19 U.S.-based property/casualty reinsurers reported higher net written ... Agents Hang Onto P/C Market But Lose Ground in Personal Auto: Study After experiencing dwindling premiums for years, the property/casualty insurance industry managed to grow substantially in 2011. Independent... P/C Industry Suffers Worst 4Q In A Decade: SNL SNL Financial reported recently that property/casualty industry fourth-quarter 2012 underwriting results, buffeted by... More National News East N.Y. Gov. Cuomo: Banks Release $112M to Sandy Victims New York Gov. Andrew Cuomo's administration says banks and mortgage service companies have released $112 million in insurance checks ... Navigators Group to Move HQ From New York to Connecticut The Navigators Group, a specialty insurance holding company, confirmed on March 15 that it plans to move its corporate headquarters from ... Mainers Urged to Consider Flood Insurance State officials are urging Mainers to consider buying flood insurance if their home or business is located close to a body of water. The ... Maryland Researchers Issue Fracking Recommendations Researchers commissioned by a state panel studying natural gas drilling in western Maryland have come up with recommendations. The ... More East News Midwest South Dakota Ranks 12th in Nation for Personal Income South Dakota's growth in personal income from 2000 to 2011 surpassed the growth rate for both the region and the nation, the South Dakota ... Ohio Investigations Result in 9 Work Comp Fraud Convictions in February The Ohio Bureau of Workers' Compensation (BWC) announced nine individuals were convicted of, or pleaded guilty to, charges related to ... New Rule Allows Injured Michigan Workers to be Paid Electronically Michigan Department of Licensing and Regulatory Affairs (LARA) Director Steve Arwood announced that injured Michigan workers receiving ... More Midwest News Southeast Mississippi Court Grants Appeal in 'King Of Torts' Case The Mississippi Supreme Court has reinstated the appeal of a lawsuit against a former federal prosecutor and a political blogger over a ... 40 Years Later, North Carolina Policyholder Admits False Claim Lingering guilt may have been what moved someone who filed an insurance claim 40 years ago to come clean with a Gastonia, North Carolina ... More Southeast News South Central Louisiana Citizens Insurance Board Approves Borrowing $100M Louisiana Citizens Property Insurance Corp.'s board has voted to borrow $100 million through bonds to cover a $70 million shortfall - in ... CoVerica Acquires Dallas-Based Pacific Agency Texas-based CoVerica Inc. announced it has acquired the Pacific Agency Inc., a commercial property/casualty agency that was founded in ... Oklahoma Insurance Commissioner Refuses to Enforce Affordable Care Act The Oklahoma Insurance Department will not be participating in a collaborative effort with the Center for Consumer Information and ... Bill Would Convert CompSource Oklahoma to Mutual Company A plan to convert the state workers' compensation insurance agency into a mutual company has been approved by the Oklahoma House. The House ... More South Central News West Leavitt Group Names Evans, Kelly, Peckinpauch in California The Leavitt Group's Los Angeles office named Amy Evans, James Kelly and Terri Peckinpauch to posts in the agency. Evans is a vice president ... Report Makes Chilling Forecast On Northwest Quake More than 10,000 people could die when - not if - a monster earthquake and tsunami occur just off the Pacific Northwest coast, researchers ... Suit Alleges Oregon Teen Burned During MRI A teenage boy and his mother have sued a Portland hospital, alleging the boy was burned after a technician left metal discs on his body ... Ex-Charter School Principal Claims Wrongful Firing in Idaho The former co-principal of a southwestern Idaho charter school is suing the school and its board chairman for wrongful dismissal because ... Lockton Expands Colorado Office with Schaible The Denver, Colo. office of Lockton Cos. added Jacqueline "Jackie" Schaible to its sales team. Schaible joins Lockton as a producer. She ... More West News International Report Warns of Rise in Maritime Crime in South East Asia UK'-based marine intelligence provider, Dryad Maritime, is releasing a special report - "Special Advisory Southeast Asia. Disorganized ... Report: Japan PM Abe's Pacific Trade Pact Gambit Pays Off, for Now Japan's Prime Minister Shinzo Abe's first politically risky step of declaring the country's intent to join talks on a U.S.-led Pacific Rim ... Fitch: Survey Finds P&C Insurers' Profits Up; Reinsurers Recovering "Property/casualty insurers' operating profits improved in 2012, driven by reduced incurred losses from natural catastrophes and core loss ... India Finance Minister Wants 'Outdated' Caps on Foreign Investment Relaxed India's Finance Minister P. Chidambaram advocated the removal or relaxation of "outdated" caps on foreign direct investment (FDI) in ... Donors, Relief Organizations Meet on CCRIF's New Excess Rainfall Product The Caribbean Development Bank (CDB) and the Caribbean Catastrophe Risk Insurance Facility (CCRIF) hosted a strategic donor meeting at the ... Falcinelli Joins LIU to Expand Marine Risk Engineering Services Liberty International Underwriters (LIU), part of the Global Specialty unit of Liberty Mutual Insurance, announced that Richard Falcinelli ... Fahad Al-Hesni Joins MENA Insurance CEO Club The MENA Insurance CEO Club (MICC) has welcomed Fahad Al-Hesni, Managing Director and CEO of Saudi Re, as one of the new members to be ... More International News Sponsored Content Michigan Association of Professional Insurance Agents Hosts Astonish's One-Day Modern Consumer Training on March 28 Warwick, RI, 3/18/13 - Astonish, a leading digital marketing solutions and sales training provider for insurance agencies, encourages local ... More Sponsored Content Join the Insurance Journal Network Insurance Journal TV Gordy Bunch on Growth at The Woodlands Financial Group Richard "Gordy" Bunch, president and CEO of The Woodlands Financial Group, readily concedes... Watch Now Cost of Disaster Relief: IBHS CEO Rochman Why does it seem easier for society and, in particular, government to respond by spending lots... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Insurance agencies for sale ? Posted: Mon Mar 18 -- I currently have an agency in southwest Mississippi and am looking to purchase another agency, preferably within 100 miles of me which... richink Insurance directories?? Posted: Sun Mar 17 -- I agree the BBB is a great directory to use and it will provide a boast to the rankings Google applies to your site. The more trusted the... BestCarCoverage AI request on form 126 - where do you Posted: Sat Mar 16 -- I was talking to some agent friends this week, they each work at a different agency. We started discussing completed Acord forms. One agent... etimer Arizona broker fees Posted: Fri Mar 15 -- As a general rule unless there is specific regulation prohibiting or limiting fees on surplus lines there is "freedom of rate and form" and... INTLXS Astonish Results or Squid Posted: Fri Mar 15 -- NYagent301- I'm also a 24 year veteran industry professional...while its true everyone is Entitled to their personal opinion, and It's true... Pathwayinsurance Online Competition Posted: Fri Mar 15 -- "I believe you are incorrect in your assumption. Clients do want value. You just need To take steps to educate them on why they need value.... Robert742 What is your biggest pain as an agent? Posted: Fri Mar 15 -- "Re: What is your biggest pain as an agent? by Pathwayinsurance >> Thu Mar 07, 2013 8:21 pm Did... Pathwayinsurance Go to Forums Reader Comments Greenberg Doubles Claims in AIG Bailout Suit vs. U.S. to $55 Billion Posted: Wed Mar 13 -- Greenberg & AIG CAUSED the crisis! They peddled collateral default swaps - which they sold to banks & brokerage houses as insurance on the... SacFlood Mississippi House Revives Guns in School Proposal Posted: Thu Mar 14 -- Moore, a small government Republican, thinks it would be just great to have the government put trained snipers at all schools to 'protect'... ExciteBiker AIG Shareholders Gain Class Action Status in Greenberg's Bailout Suit Posted: Tue Mar 12 -- Why oh why could we not have let this POS company and their greedy POS shareholders fail and go out of business? This whole narrative... Dave MetLife Moving 2,600 Jobs to North Carolina from Northeast, California Posted: Tue Mar 12 -- >The new jobs, paying average salaries of nearly $82,000 a year, would include product management, marketing, sales and customer support... Celtica Applying for Obama Health Care Plan Daunting Task Posted: Fri Mar 15 -- Planet: I already posted a CBO link on regarding the Iraq war spending. Those are the numbers. When numbers don't line up with what you... Bob Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue March 11, 2013 Hospitality Risks Directory; Homeowners & Auto; Public Entities 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 Vice-President of Member Experience Sales Person P&C Commercial Underwriter Commercial Transportation Underwriter Have a job opening? List it on our Web site. How to Advertise For information about advertising on this newsletter and Insurance Journal magazines, contact Julie Tinney at (800) 897-9965 x148. View our Media Kit for advertising options in our magazines and online properties. Subscribe | Unsubscribe | Send to a Friend | Contact Us Insurance Journal 3570 Camino del Rio North, Suite 200 San Diego, CA 92108 (800) 897-9965 Copyright © 2013 by Wells Media Group, Inc.