Daily Headlines: Wednesday, March 27, 2013

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March 27, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Obamacare to Hike Some, Lower Other Individual Health Premiums: Sebelius President Barack Obama's top healthcare adviser acknowledged on Tuesday that costs could rise in the individual health insurance market, ... Insurance Agent Takes Stand on Gay Marriage in Supreme Court Case Today David Kosar can be considered one of the nation's most outspoken insurance agents on the issue of gay marriage. Kosar, owner of David ... Insurance Covered Half of U.S. Disaster Costs in 2012: Swiss Re Natural catastrophes and man-made disasters caused $186 billion in economic losses globally in 2012 and took approximately 14,000 lives, ... Protective Life in Lead for AXA US Insurance Assets - Sources U.S. insurer Protective Life Insurance is the leading candidate to buy some of AXA SA's U.S. life insurance assets in a deal that could be ... Former Eqecat President Keogh Joins Reinsurance Broker TigerRisk Bill Keogh, who last week resigned as president of catastrophe risk modeling firm Eqecat, has joined reinsurance broking and risk/capital ... ISO Commercial Property Changes - Part 3 - Altered Existing Endorsements The commercial property changes presented in ISO's filing begin taking effect on April 1, 2013 (effective dates differ by state). This... The Underwriting-Claims 'Disconnect' In Casualty Insurance: An ERM Issue? There are good business reasons why claims and underwriting professionals of casualty insurance carriers don't talk to... More National News East N.Y. Nassau Coliseum Workers to File Suits Over Asbestos Exposure More than 100 workers are alleging that long-term exposure to asbestos at Nassau Coliseum has made them seriously ill. The plaintiffs ... Maine, R.I. Granted Disaster Aid for February Storm Maine will be eligible for federal help to cover the costs of a blizzard that hit in early February. President Barack Obama on Monday ... Digital Insurance Buys Group Brokerage Insurance Agency in Massachusetts Atlanta-based benefits broker Digital Insurance has acquired Group Brokerage Insurance Agency of Cambridge, Mass. The nearly 30-year-old ... Markel Appoints Chief Information Officer in Virginia Richmond, Va.-headquartered Markel Corporation announced that Mike Scyphers has been promoted to chief information officer. Scyphers is an ... More East News Midwest WCRI Says Medical Care Costs for Injured Workers Low in Michigan The costs of medical care for injured workers in Michigan is the lowest of any state in a 16-state study conducted by the Workers ... SeaFire Insurance Services Seeks Agency Partners in Wisconsin, Illinois Overland Park, Kan.-based SeaFire Insurance Services announced it is actively seeking new agency partners in Wisconsin and Illinois for its ... Wagner Named Chief Underwriting Officer at Michigan-Based Amerisure Amerisure Mutual Insurance Co., a Farmington Hills, Mich.-based provider of property and casualty insurance for more than 100 years, has ... A.M. Best: Outlook Negative for Ellington Mutual Insurance Co. A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of B+ (Good) and issuer credit ... More Midwest News Southeast Florida Regulators Allege Fraud by Allianz in Case of Failed Insurer Florida regulators are alleging that insurer Allianz and its companies contributed to the collapse of a Florida domestic property insurer ... Florida's Citizens Reduces Risk of Emergency Assessments Florida's state-backed property insurer announced that it has reduced the size of any possible emergency assessments on policyholders due ... Tennessee Official Expects Insurance to Cover Relocating School Threatened by Sinkhole Unicoi County (Tennessee) Schools Director Denise Brown said she's confident the cost of relocating an elementary school threatened by a ... MagMutual Expands PL Coverage to Hospitals, Health Systems MAG Mutual Insurance Co., a medical professional liability insurer in the Southeast, is now offering a suite of coordinated coverage, ... More Southeast News South Central Rig Worker: Training Saved Lives After BP Blowout A Transocean employee who served as chief mate on the Deepwater Horizon testified in New Orleans that he believes the rig crew's emergency ... House Committee to Consider Oklahoma Workers' Comp Bill A Republican proposal to shift Oklahoma's workers' compensation system from a court system to an administrative system is scheduled to be ... ACE USA Promotes Humphrey, Connelly in Houston ACE USA, the U.S.-based retail operating division of the ACE Group, announced new executive appointments in its global client executives ... Cleveland Joins SWBC in San Antonio San Antonio-based insurance and diversified financial services company, SWBC, has added Joan Cleveland to its executive team as CEO of SWBC ... More South Central News West Yellowstone Oil Spill-Violations $1.7M Penalty Proposed In Exxon Spill Federal pipeline regulators have proposed $1.7 million in penalties against Exxon Mobil Corp. for a pipeline rupture that spewed crude oil ... Tsunami Preparedness Week in Alaska Gov. Sean Parnell declared this Tsunami Preparedness Week in Alaska. Parnell, in his proclamation, says Alaska's vast coastline is home to ... Idaho Hospital Faces Monopoly Lawsuit A lawsuit has been filed against Portneuf Medical Center in Pocatello, Idaho contending the hospital prevented competition by controlling ... Report: Montana Disaster &Emergency Services Dysfunctional, Divisive The Montana agency that responds to natural disasters and emergencies is a dysfunctional, divisive workplace with a climate of fear and the ... Keyser Named Senior VP of HR at Fireman's Fund in California Novato, Calif.-based Fireman's Fund Insurance Co. named Amy Keyser senior vice president of human resources. Keyser is responsible for ... More West News International Swiss Re Study for 2012 Losses: $77 Bn Insured; $186 Bn Economic Swiss Re has released its latest sigma study, which found that economic losses from natural catastrophes and man-made disasters reached ... Emerging Powers China, Brazil Move Closer to Non-Dollar Trade Pact China and Brazil agreed on Tuesday to swap up to the equivalent of $30 billion in each other's currencies if need be so that their ... UK's Prudential Fined $45 Million for Hiding AIA Takeover Plans Prudential, Britain's largest insurer, has been fined £30 million ($45.4 million) for failing to tell the UK financial regulator about its ... Wicks Joins UK's Miller Reinsurance Team Miller Insurance Services announced that non-marine casualty reinsurance production and placement specialist Ian Wicks has joined its ... More International News Insurance Journal Blogs Burand's Agency E&O Blog: Tip #27 Agency Catastrophe Plans. How to keep a catastrophe from becoming an even bigger catastrophe. I don't know who said it, but they correctly ... More Blogs Join the Insurance Journal Network Insurance Journal TV Greenberg's View: First Job, 'White Blackbirds,' Corporate Culture Maurice "Hank" Greenberg helped build American International Group into the world's largest... Watch Now D&O Trends: Keeping Eye on Securities Litigation There have been a lot of changes in the world of securities litigation. Insurance Journal... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Smart Choice or Superior Access Posted: Tue Mar 26 -- I don't have an answer for any of the post here today but just want to share my experience with Smart Choice. I have a new agency and signed... robert Arizona broker fees Posted: Mon Mar 25 -- If the Wholesale Broker / MGA is making the filing (regardless of the retail agent having a SL license), then my information was correct. If... AZagent AI request on form 126 - where do you Posted: Fri Mar 22 -- Either of those works, but also put it in the hazards (class code & rate) section with Addl Ins BF so if they see it on the rating portion... FurriePrincess What is your biggest pain as an agent? Posted: Tue Mar 19 -- Silly requests on COI's from people who think they know what they are doing. Examples: Requiring a 2/4 GL limit, nothing else, when insured... kevinraz Insurance agencies for sale ? Posted: Mon Mar 18 -- I've got an idea or two. First, contact your broker who handles your E&O agency policy...they're going to know first when an agency is ready... d's insurance store 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 Go to Forums Reader Comments Lobbyists Keep Battling As Obamacare Turns 3 Posted: Mon Mar 25 -- There has never been a bill passed in Congress in the history of the country that has had as much negatively said about it after this much... Agent Florida Gov. Scott, Insurers Vow Fight to Save PIP Law After Injunction Posted: Fri Mar 22 -- Just do away with this outdated coverage. Create reasonable mandatory bodily injury liability limits. Make UIM/UM a mandatory coverage with... TN Insurance Claim-Padding OK with 24% of Americans: Survey Posted: Wed Mar 20 -- T, We see the evidence of insurance fraud every day. Professional claimants abound. Everything from staged auto accidents, slips and falls... Agent Minnesota Bills Would Allow Driver Licenses for Illegal Immigrants Posted: Sat Mar 23 -- And isn't that just a slap in the face to those immigrants who are here LEGALLY?? Very disappointing.......of course, it was Democrats that... Conservative Oregon Trooper uses Facebook to ID driver Posted: Wed Mar 20 -- That cop deserves a raise!!! 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