Daily Headlines: Friday, April 12, 2013

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April 12, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Pricing Hikes, Improved Underwriting Bode Well for P/C Industry: Conning With 2012 preliminary results showing improvement in profitability in the sector,  the property/casualty insurance industry should see ... Gun Liability Insurance Measures Facing Uphill Battle in State Legislatures While lawmakers in most states have introduced measures in their current legislative sessions that address gun control and gun liability ... Class Action Suits Against Accountants Declined in 2012 Fewer class-action lawsuits alleging accounting improprieties were filed last year in the United States, but those that were settled in ... Probe Blames Deadly Copter Crash on Pilot Texting Texting by the pilot of a medical helicopter contributed to a crash that killed four people, federal accident investigators said this week ... State Insurance Commissioners Form American Indian Liaison Panel The National Association of Insurance Commissioners (NAIC) has approved the formation of an American Indian Liaison Committee to address ... ACE Launches Agriculture P&C Business The ACE Group has formed ACE Agribusiness, an agriculture property and casualty insurance ... Top 10 Hot New Markets Insurance Journal examined industries experiencing changes and expansions during the past year. Here are the top 10 market sectors that... Alternative Re Capital Wave Lowering Traditional Re Prices Too If April 1 is an accurate barometer for U.S. property/casualty insurers with June and July 1 reinsurance renewal... More National News East N.J. Transit: Post-Sandy Costs $450M and Still Rising; Federal Funds, Insurance to Cover Losses The costs continue to mount for New Jersey Transit in the wake of Superstorm Sandy. At its monthly board meeting Wednesday, the agency ... Mass.-Based Agency Berry Insurance Appoints President Berry Insurance, a Massachusetts-based independent insurance agency, recently promoted Kaitlyn Pintarich to president of the agency. ... Vermont Gov. Shumlin Releases Irene Storm Recovery Report Vermont is on schedule to close most residents' Tropical Storm Irene-related government aid cases by late summer, meaning they will have ... Conn.-Based Medical Liability Insurer CMIC Appoints Director of Claims CMIC, a Glastonbury, Conn.-based carrier offering medical professional liability insurance in New England, announced Kevin Bresnahan has ... Virginia Farm Bureau Ratings Downgraded by A.M. Best A.M. Best Co. said Wednesday it has downgraded the financial strength rating of Virginia Farm Bureau Mutual Insurance Co. in Richmond, Va., ... More East News Midwest Insurer: Arson Ring Operated for 2 Decades in Flint, Michigan An insurance company says more than a dozen people operated an arson-for-profit ring in Flint, Mich., that collected more than $2 million ... Severe Storms Hit Midwest With Snow, Ice, Winds Strong storms sweeping across the Midwest damaged homes and businesses in St. Louis, toppled mobile homes and ripped the roof off a ... Michigan Amateur Mixed Martial Arts Rules Included Insurance Component The Michigan House has overwhelmingly approved regulations for amateur mixed martial arts events, days after a 35-year-old man died after ... More Midwest News Southeast Florida Workers' Compensation Ruling Could Cost $65 Million, Says NCCI A Florida court's ruling that the state's 104-week limit on injured workers' temporary benefits is unconstitutional could increase costs by ... Agency Gives $75K Boost to Disabled Veterans Insurance Careers Nonprofit The nonprofit Disabled Veterans Insurance Careers received $75,860 from the employees of insurance agency BB&T-Oswald Trippe and Co. along ... More Southeast News South Central Man Pleads Guilty in Oklahoma to Pocketing Agent Commissions The owner of a company in Bixby, Okla., has pleaded guilty to taking commissions earned by insurance agents working for his company, the ... U.S. Risk Acquires Texas Brokers' Staffing/Employee Leasing Business Dallas-based U.S. Risk Insurance Group Inc. announced it has acquired the renewal rights to the book of staffing and employee leasing ... New Partners Named at Texas-Based Insurance Staffing Firms Questpro Consultants and Q TEMPS have named new partners for the Dallas-based insurance recruiting and staffing firms, the companies ... Louisiana Bill Would Ban Social Media Posts While Driving Hold that Twitter thought. If you are driving in Louisiana, a proposed state law would make it illegal for you to post status updates or ... More South Central News West Study: Idaho Still Ranks Low For Employee Health Insurance A new national study shows Idaho is again ranked among states with the lowest percentage of companies that offer workers employer-sponsored ... Report: California Lags in Fracking Regulations A new report on hydraulic fracturing ("fracking") in California warns there are risks of irreversible contamination of surface and ... California's Atlas General Acquires South Bay Underwriters Atlas General Insurance Services in San Diego, Calif. has acquired South Bay Underwriters from Bliss & Glennon, a Redondo Beach-based ... Report: Fewer Californians Get Health Care At Work Far fewer Californians are getting health insurance through their employers compared to a decade ago, a change that comes as the nation is ... More West News International Japan, U.S. Agree on Tokyo Joining Trans-Pacific Trade Talks Japan and the United States have agreed on a deal to allow Tokyo to join talks on a U.S.-led Asia-Pacific free trade pact that Prime ... UK's FCA Signals Financial Reg Changes to Place Burden on Sellers Britain's new watchdog announced sweeping changes in financial regulation on Wednesday, telling banks they can no longer blame customers ... PCI Urges Progress on U.S.-EU Trade Pact for Trans-Atlantic Insurance Market The Property Casualty Insurers Association of America (PCI) has issued a statement urging negotiators to make progress on enhancing the ... Munich Re Supports Quake Prevention Project in India Munich Re announced that it is supporting a prevention project in a region in India that is prone to earthquakes. The two-year project in ... O'Neil Joins Miller Insurance for Facultative Growth in Asia Specialist insurance and reinsurance broker Miller Insurance Services LLP announced that facultative reinsurance specialist Nick O'Neil has ... Ratings Recap: PVI Re, L'Union Canadienne, UK War Risks Club A.M. Best Asia-Pacific Limited has revised the outlook to positive from stable and affirmed the financial strength rating of 'B+' (Good) ... Seacurus Launches Marine Insurance Coverage for Unpaid Crew Wages Marine insurance intermediary Seacurus has launched a new insurance policy to indemnify seafarers in the event of the financial default of ... More International News Join the Insurance Journal Network Insurance Journal TV Greenberg's View: Opening Global Markets, Shaping Foreign Relations Maurice "Hank" Greenberg helped build American International Group (AIG) by opening global... Watch Now Underwriting Financial Institutions: Challenges and Opportunities It's not easy to fully understand all the risks involved in underwriting financial... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Direct Mail VS Paid Leads Posted: Fri Apr 12 -- Am I crazy or are paid leads worth their cost? (I'm talking personal lines) Anytime I've done direct mail it's been a huge money and time... mdagent TX - Workers Comp - Contractor Posted: Thu Apr 11 -- We currently write with Service Lloyds, but once they found out majority of the workers are based outside of the state, they got off of it.... Smalltownagent remote control aerial photography Posted: Wed Apr 10 -- Thanks, Will give them a call. haharem Pole Barn W/Wind FL Posted: Tue Apr 9 -- Private Property or Commercial use? Michmmosh non compete clause Posted: Sun Apr 7 -- I just went through this personally and am nearing the last few months of my non-compete. My advice is to lay low until your non compete is... roxfan65 Insurance Noodle vs. Superior Access vs. Agent Secure Posted: Sat Apr 6 -- Thanks for your reply! That was really helpful! Hopefully others will share as well. Very interested to hear what combination of... jlfogle Go to Forums Reader Comments Gun Liability Insurance Bills Aren't the Answer, Says Insurance Industry Posted: Wed Apr 10 -- besides my normal amazement at the ignorance of most people about firearms, now I am amazed by the accompanying vote (see sidebar) about... bob Hurricane Center Learns Lesson from Sandy; Changes Warnings Posted: Mon Apr 8 -- Didn't the storm, storm surge, et al come together as predicted? It was forecast for days ahead, no one should have been caught off guard.... insurance mom As Gun Sales Soar, Insurance Sales Follow Suit Posted: Thu Apr 11 -- I would imagine that companies covering Firearms MFG/Sales will collect some big audit additional premiums if it is based on sales.... Agent University Of Idaho Student Sues After Fraternity Fall Posted: Tue Apr 9 -- This is the second lawsuit in about five years concerning an imbibing female student allegedly falling out of a fraternity window at the... Fair Playing Field Insurer Analyzes Top 10 Driving Distractions Involved in Fatal Car Crashes Posted: Fri Apr 5 -- I think we should definitely outlaw daydreaming, lol. 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