Daily Headlines: Wednesday, April 24, 2013

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April 24, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Travelers Q1 Profit Up 11% to $896M; CEO Says 'We Will Keep Going' on Rate Hikes The Travelers Companies Inc. on Tuesday reported $896 million net income for its 2013 first quarter, an increase of 11 percent compared to ... The Risks of Insuring the Cloud Hollywood would have us believe that some smart, awkward computer guy in his 30s living in his mother's basement is to blame. Surrounded by ... Dewey & LeBoeuf Ex-Chairman Agrees to Proposed $500,000 Settlement to Resolve Claims The former chairman of Dewey & LeBoeuf has agreed to pay more than half a million dollars in a proposed settlement with Dewey's trustee and ... W.R. Berkley Posts $116M Q1 Profit, Sees Continuing Pricing Momentum W.R. Berkley Corp. reported on Tuesday $116.62 million net income for its 2013 first quarter, representing a 13.6 percent decline compared ... W. R. Berkley Corp. Creates Berkley Design Professional Underwriters W. R. Berkley Corp. has launched Berkley Design Professional Underwriters to focus on liability coverage for architects and engineers, ... Terrorism Risk, Flood Insurance and Green Building Hot Topcis for Risk Managers: RIMS Renewal of the Terrorism and Risk Insurance Act (TRIA) was a much talked about topic at the annual Risk and Insurance Management Society ... Global Trade Market Uncertainties Increasing Demand for Trade Credit Insurance Trade credit insurance is not a new concept, says Kerstin Braun, executive vice president of trade credit insurer, Coface. But the recent... More National News East N.J. Gov. Christie: Federal Grants for Homeowners May Still Take Months New Jersey Gov. Chris Christie says that he expects federally funded grants for New Jersey business owners hit by Superstorm Sandy may ... Penn. Commissioner: Spring Cleaning Good Time for Preventative Home Maintenance Homeowners starting their spring cleaning projects should also give a thought to insurance too, Pennsylvania regulators advised. The ... Former R.I. Nightclub Owners Appeal $1M Workers' Comp Fine in Fire Case The owners of a Rhode Island nightclub where 100 people died in a fire are asking the state Supreme Court to overturn a $1 million fine ... Hilb Group Buys Virginia-Based Brokerage Engle, Paxson & Hawthorne The Hilb Group announced last week the acquisition of Engle, Paxson & Hawthorne Insurance Services (EPH) of Leesburg, Va. The transaction ... More East News Midwest Sandbagging Underway in Fargo, North Dakota-Area Subdivisions The flood fight is kicking into high gear in southeastern North Dakota, where residents are preparing for what could be the fourth major ... McGowan Acquires Ohio's Governmental Underwriters of America The McGowan Companies (McGowan), based in Fairview Park, Ohio, has purchased the assets of Governmental Underwriters of America Inc. (GUA). ... Missouri Department of Insurance Reports Leadership Changes Several veteran regulators were appointed into new positions at the Missouri Department of Insurance during the first quarter of 2013. ... More Midwest News Southeast Florida Judge Upholds Injunction Against Portions of State's PIP Law A Florida judge has upheld his temporary injunction partially blocking portions of the state's automobile no-fault insurance law on the ... Flood Warnings for Tennessee, Kentucky Near Mississippi River Flood warnings have been issued in Tennessee and Kentucky as the Mississippi River starts to slowly rise from northern floodwaters, but ... Florida Compounding Pharmacy's Drug Recall Involves 91 Batches A spokeswoman for a central Florida compounding pharmacy says 91 batches were involved in a voluntary recall of its sterile non-expired ... More Southeast News South Central West Explosion Insured Losses Hit $100M "Daddy, are we dead?" Those were the first words from 9-year-old Kaden Anderson after an explosion ripped apart the fertilizer plant in ... Report: Bus Driver in Fatal Texas Crash Says He May Have Blacked Out The driver involved in a fatal North Texas bus crash told authorities he may have blacked out in the moments before the bus careened off ... Texas Governor: State Oversight Not to Blame for West Blast Gov. Rick Perry said that spending more state money on inspections would not have prevented the deadly explosion at the West Fertilizer Co. ... More South Central News West Kreidler Names New Chief Deputy Washington Insurance Commissioner Mike Kreidler named longtime staffer Jim Odiorne to be the agency's new chief deputy. The appointment is ... Tool Identifies California's Most Polluted Cities Seven of California's 10 ZIP codes most burdened by pollution are in the San Joaquin Valley and three are in Los Angeles, according to a ... $5.75M Settlement Approved In Hawaii School Abuse Suit A $5.75 million settlement has been approved in a class-action lawsuit alleging bullying, assault and rape at the Hawaii School for the ... Wildfires Prompt Colorado Insurance Changes Colorado lawmakers are close to agreement on a slate of insurance changes inspired by homeowners' complaints after last year's wildfires. ... BB&T Names Husges Employee Benefits Account Manager In California BB&T Insurance Services named Dan Husges as an account manager for its employee benefits group in Pleasanton, Calif. Raleigh, N.C.-based ... More West News International Bangladesh Factory Building Collapse Kills Nearly 100; 700 Injured An eight-story block, housing garment factories and a shopping center, collapsed on the outskirts of the Bangladeshi capital on Wednesday, ... WHO Says New Bird Flu Strain is 'One of Most Lethal' Viruses A new strain of bird flu that has killed 22 people in China is "one of the most lethal" of its kind and is more easily transmissible to ... Swiss Re in Co-op Agreement with GEM Foundation for Latin America Quake Risk The Swiss Re Foundation and the GEM Foundation announced a "three-year collaborative project to create the first-ever comprehensive picture ... ACE Reports $953 Million Q1 net Income; P&C Combined Ratio 88.2% ACE Limited reported net income for the quarter ended March 31, 2013 of $2.77 per share - $953 million - compared with $2.84 per share ... IAG Outlines Strategy to Sustain New Zealand Market Position Insurance Australia Group Limited (IAG) has issued an update on its New Zealand business, and has outlined its strategy to maintain its ... Wells Fargo Insurance Launches U.S.-Based International Specialty Group Wells Fargo Insurance, part of Wells Fargo & Co., is expanding its International Specialty Group by establishing three new teams solely ... More International News Insurance Journal Blogs Burand's Agency E&O Blog: Tip #31 Record Retention. It's not as simple as everyone thinks. Significant and dangerous myths exist relative to this increasingly important ... More Blogs Join the Insurance Journal Network Insurance Journal TV Greenberg's View: Finite Reinsurance The cornerstone of former New York Attorney General Eliot Spitzer's campaign against AIG and... Watch Now Evolution of D&O Products D&O products have gone through a lot of changes lately. CNA Pro Claim's Todd Greeley sat down... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Need P&C coverage for a trampoline park in Arkansas Posted: Wed Apr 24 -- Anyone know who writes this coverage and who to contact? Sundance Non Standard Farm/Ranch account Posted: Wed Apr 24 -- What are the codes and the premium? I just quoted a restoration company with similar issues and a 2.37 x-mod with a PEO. What should have... Chad Filley Insurance Noodle vs. Superior Access vs. Agent Secure Posted: Mon Apr 22 -- mdagent, Superior Access and Consolidated are General Agents that submit your information to the respective companies for a quote. Then,... ziiqui Pole Barn W/Wind FL Posted: Wed Apr 17 -- Private property Autumnle465 Paperless Environment Posted: Tue Apr 16 -- I completely agree with Island Girl. We started going paperless 6 years ago. The first year was a royal pain with the initial scanning but... justthere Business Loss - Travel Insurance Posted: Tue Apr 16 -- This is true. However, most people do not realize that major credit card companies also provide insurance for lost or damaged goods while... chad37 TX - Workers Comp - Contractor Posted: Tue Apr 16 -- Have you considered a Professional Employer Organization (PEO)? SOI has locations in Dallas, Houston, Austin and San Antonio as well... DOrgant What is your biggest pain as an agent? Posted: Mon Apr 15 -- 1) Billing questions, non payment cancelations, reinstatement request of bad pay clients. 2) Binder requests... yoyowordup Agency Management System Posted: Mon Apr 15 -- If you click on the specific company at agencyuserreviews.com it shows you how many customers reviewed the software and their comments.... yoyowordup Go to Forums Reader Comments FBI Calls Boston Marathon Bombings 'Potential' Terrorist Act Posted: Wed Apr 17 -- Planet, I have been praying for the victims since it happened and also that our government will be successful in catching and dealing with... Agent Deal OK'd in Muslims' False Advertisement Suit Against McDonald's Posted: Fri Apr 19 -- They shouldh't have to eat at home. Just open their own style restaurant and quit going to McDonalds. Nothing difficult about it. They should be able to eat out Senate Democrat Criticizes Healthcare Law Education; Sebelius Cites Lack of Funding Posted: Mon Apr 22 -- Rebecca, What makes you think this is now "Affordable" healthcare? Simply the name? By your comment, you seem to think that people will be... TxLady Climate Scientists Struggle to Explain Warming Slowdown Posted: Wed Apr 17 -- Gee and I thought the global warming people were all warm and fuzzy. Just for the record the Bible says Jesus rode into Jerusalem on the... Original Bob Boston Marathon Bombings Suspect Identified: Reports Posted: Thu Apr 18 -- Had a hot tip from our Boston office. It was Dennis Rodman, who became a real life Manchurian Candidate during his recent visit with Kim... reality bites Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue April 22, 2013 Top 50 Apps for Insurance Agents; Entertainment, Sports & Special Events; Directors & Officers Liability 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 NAPEO - Director State Government Affairs VP Claims Producer - Wholesale Agency Commercial Lines Production 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. 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