Daily Headlines: Wednesday, March 13, 2013

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March 13, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Capital Growth Outpaced P/C Premiums In 2012: Moody's Moody's Investor's Service reported that the property/casualty insurance industry's capital growth outpaced premium growth last year, and ... President Obama Meeting with CEOs Over Increasing Cyber Threats Cyber security threats against the United States are growing, President Barack Obama said before a meeting on Wednesday with corporate ... W.R. Berkley Forms Fire, Marine Underwriting Unit; Geary to Head W. R. Berkley Corp. has lainched a new underwriting unit, Berkley Fire & Marine Underwriters. Headquartered in Chicago, Berkley Fire & ... Liberty Mutual PR Exec DiGiovanni to Rejoin AIA as Senior VP for State Affairs American Insurance Association (AIA) appointed Joseph DiGiovanni as its new senior vice president for state affairs. Most recently, ... OneBeacon Launches Network Security Policy with Equifax Data Breach Services OneBeacon Professional Insurance (OBPI), a member of OneBeacon Insurance Group, Ltd. (has released a new network security and privacy ... Greenberg Doubles Claims in AIG Bailout Suit vs. U.S. to $55 Billion Maurice "Hank" Greenberg, the former American International Group Inc. chief executive, has more than doubled the size of his class action ... Agents Needed to Navigate Addiction Rehabilitation Facilities Through Healthcare Reform The medical community's recognition of addiction as a disease has changed the way providers diagnose and treat the condition. As a result,... Insurer CEOs Confident On Growth Prospects; Lag On Fundamental Strategy Shifts: PwC Insurance carrier chief executives are upbeat about their companies' growth prospects, with nearly 90 percent of those... More National News East N.Y. Proposes Establishing Private Right of Action for Insured Suffering Disaster Losses A New York legislator proposed a new bill that would establish a private right of action for the insured for unfair insurance settlement ... N.J. Authorities Form Clearinghouse for Investigating, Prosecuting Sandy Fraud New Jersey Attorney General Jeffrey Chiesa announced the creation of a "Statewide Sandy Fraud Working Group" to serve as New Jersey's ... The Institutes in Pennsylvania Names Director of Member Knowledge for CPCU Society ichole Ritz joined The Institutes as director of member knowledge for the CPCU Society. She is responsible for ... More East News Midwest Missouri Golfer Survives Mid-Round Illinois Sinkhole When it comes to dealing with this divot, score one for golfer Mark Mihal. The St. Louis Post-Dispatch reports that the mortgage broker ... Des Moines, Iowa to Test Cameras in City Vehicles The city of Des Moines, Iowa, will be installing surveillance cameras in 125 city vehicles to test whether the technology can hold ... Aon Expands Grand Rapids, Michigan Office Insurance broker Aon plc announced an expansion of its Grand Rapids, Mich., office, with the addition of Jennifer Adkins, Christine Bill, ... Recent Storms Ease Drought in Middle of United States Recent rain and snowstorms have eased the grip of the worst U.S. drought in decades in portions of the nation's midsection, swelling some ... More Midwest News Southeast Feds Bust $100M North Carolina Crop Insurance Fraud Scheme Federal investigators have unraveled a massive scheme among dozens of insurance agents, claims adjusters, brokers and farmers in eastern ... Florida Senate Bill Would Depopulate Citizens, Raise Rates, Create Clearinghouse Lawmakers in the Florida Senate have taken steps to return the state-backed insurer Citizens Property Insurance Corp. to its original ... West Virginia Debates Property Insurance Nonrenewal Rules In West Virginia and most other states, an insurer can choose not to renew people's property insurance policy if a claim is filed over ... More Southeast News South Central Oklahoma Bill Allows for Electronic Monitoring in Nursing Homes A measure passed by the Oklahoma Senate would allow residents in nursing homes to install electronic monitoring devices in their private ... Southport Lane Acquires Dallas National Insurance Co. Southport Lane, a New York-based private equity firm, completed its previously announced acquisition of Dallas National Insurance Co., a ... LWCC Promotes Executives Buffone and Hawie Louisiana Workers' Compensation Corp.( LWCC) has promoted two key executives. Paul Buffone is now senior vice president and chief claims ... More South Central News West New Mexico Space Industry Liability Bill Clears Legislature The Legislature entered the final week of its 60-day session with many major issues still unresolved, but lawmakers have given final ... Montana Panel Hears Wrongful Birth, Life Bill A Senate panel is considering a bill that would prohibit the parents of children with genetic abnormalities from suing their doctors for ... Health Care Law to Create Gap For 21K In Hawaii Roughly 21,000 people in Hawaii who were previously covered under Medicaid will need to buy their own health insurance once President ... Health Insurance Exchange Bill Clears New Mexico Senate A proposal to establish a state-run health insurance exchange has passed the Senate with bipartisan support. A federal health care law ... Markel Names Falvey Director of Public Entity Product Line For West Brendan Falvey was named director of the public entity product line for the Markel Corp.'s West Region. Falvey is responsible for managing ... WBN Owners Conference comes to Northern California The Worldwide Broker Network's Owners Conference in San Francisco from April 17 to 20 is expected to draw 200 industry professionals. The ... More West News International Carnival Reviews Entire Fleet; Cruise Ship Industry Retains Rosy Outlook Carnival Corp. has launched a comprehensive review of its entire fleet after a fire crippled one of its ships last month, and will share ... More International News 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 500k cargo endorsement Delaware Posted: Tue Mar 12 -- Does anyone have a market for oversize units hauling construction equipment? I need a 500k cargo endorsement to satisfy a contract. DIG2013 Trailer Interchange 75k Delaware Posted: Tue Mar 12 -- Does anyone have a market for $75k in trailer interchange coverage, and $250k cargo coverage that would include the insured hauling 3 -5... DIG2013 Astonish Results or Squid Posted: Tue Mar 12 -- hi with respect to the some common that talk about Astonish deliver, is not true, we have spent so fare over $7,000 without generating a... SMIS2008 Farmers vs. Independent Posted: Tue Mar 12 -- I don't mean to nitpick, but you do NOT need to have producers under you in order to 'own' an agency. Successful ownership is in the eye of... sacman Surety Bonds Posted: Tue Mar 12 -- We are a surety bond only brokerage/agency, so bonds are our only business. When assisting clients, what factors help you decide from whom... MNeschke Online Competition Posted: Tue Mar 12 -- D's appreciate your thoughts- certainly something to ponder-- to clarify we are a small - 2 agent no staff office. Our expectations may be... William Graham Non compete lawsuit Posted: Mon Mar 11 -- See an attorney. 25 miles is a little bogus but so is the fact he only 3 commissions...it would be better if he had got no compensation,... OldIndyAgent Insurance Noodle vs. Superior Access vs. Agent Secure Posted: Mon Mar 11 -- Small agencies don't write enough to get direct appointments with most carriers. newportins Go to Forums Reader Comments States with More Gun Laws Show Lower Rate of Firearm Fatalities: Study Posted: Thu Mar 7 -- This study offers little relevance because it includes two population segments where one dilutes the results from the other. It would be... Tucc 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 St. Louis Company Wins Suit over Bowl-Shaped Chip Posted: Thu Mar 7 -- The litigators must have loved these two companies! Imagine making money by arguing case law over the shape of a chip. Huh! Workplace Bullying Emerging As Major Employment Liability Battleground Posted: Thu Mar 7 -- Unfortunately, there are many "employees" who think it's unfair for them to have to actually work for their paycheck. I can see that type of... jw Texting While Driving Injuries to Rise Despite Bans, Warnings: Study Posted: Mon Mar 11 -- You watch too much Fox News. Politically Free 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 P&C Commercial Underwriter Commerical Transportation Underwriter Trainee, P&C Underwriter Management Trainee Have a job opening? 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