Daily Headlines: Wednesday, April 3, 2013

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April 3, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Fed Approves Process for Designating Nonbanks for Stricter Oversight The U.S. Federal Reserve said on Wednesday that it had approved a final rule to clarify the process the new U.S. risk council will follow ... Businesses Ask IRS to Clarify Obamacare Investment Tax Businesses and wealthy owners of estates and trusts asked the IRS on Tuesday for changes to a part of President Barack Obama's 2010 ... High-Tech Personal Lines: Technology Changing the Way Agents Do Business Many believe there is still opportunity for independent insurance agents and their carriers to grab personal lines market share. But to do ... Forecaster Gray Sees Active Hurricane Season Ahead Forecaster William Gray said he expects a very active hurricane season, but he's not yet giving likely numbers of named storms, hurricanes ... Risk Point, LLC Seeks Agents for New Auto Dealer Physical Damage Program New managing general agency Risk Point, LLC, is now accepting applications from independent agents and brokers throughout the United States ... Travelers Adds Endorsements to MedFirst Policy for Medical Technology Industry To fill in the potential coverage gaps not covered by a traditional general liability policy, Travelers has introduced MedFirst Plus, four ... Kaufman Financial Acquires Global Excess Partners in New York The H.W. Kaufman Financial Group said it has acquired Global Excess Partners, a New York City-based specialty insurance organization that ... 10 Things to Know About the Commercial Auto Market The commercial auto segment saw an underwriting loss in 2011 for the first time in nine years, with a combined ratio of 103.6 percent,... Greenberg's View: AIG, Inside vs. Outside Directors and Arthur Levitt Former AIG CEO and Chairman Maurice "Hank" Greenberg warned against the movement to install more outside directors on... More National News East Boston Mayor Reviews City's Taxi Industry, Pushes to Raise Insurance Requirements Boston Mayor Thomas Menino has ordered a sweeping review of the city's $1 billion taxi industry following a series of Boston Globe stories ... Mass. Regulators Received Over 10K Auto Insurance Complaints, Inquiries in 2012 Massachusetts regulators said more than 10,000 consumers had contacted the state's Office of Consumer Affairs and Business Regulation and ... Pennsylvania Borough Insurer Pays $98K in Cop-on-Cop Lawsuit A Pittsburgh suburb's insurer has paid $98,500 to settle a lawsuit filed by an Allegheny County police officer against local cops he claims ... Aon Risk Solutions Names Managing Director for Boston Office Aon Risk Solutions, the global risk management business of Aon plc, announced the promotion of Richard DeVito as managing director and ... More East News Midwest GEICO to 100 Hire New Employees in Iowa GEICO,'s Coralville, Iowa, office plans to hire more than 100 new associates by July of this year, the direct to consumer insurance company ... Contractor Sued Over Joplin Tornado Waste Missouri Attorney General Chris Koster is suing a southwest Missouri company for allegedly dumping tornado waste from Joplin into an ... Survey Shows Growth in Midwest Economy A monthly economic survey index for nine Midwest and Plains states jumped last month, suggesting improving economic growth for the region ... More Midwest News Southeast Tennessee Senate Approves Governor's Workers' Compensation Claims Change Legislation that seeks to change the way injured workers' claims are considered passed the Senate despite opponents who say it would reduce ... Georgia Residents Recall Tornado of 40 Years Ago Like many people who lived in Athens, Georgia at the time, Anne Shepherd clearly remembers March 31, 1973 -- the day the tornado hit. ... Florida Senate Panel OKs Gilway as Citizens President A Florida Senate committee unanimously confirmed Barry Gilway's appointment as president of the state-backed insurer Citizens Property ... Taylor Joins Ownership Ranks at North Carolina's Senn Dunn Insurance Jennifer Taylor is a new partner owner of North Carolina's Senn Dunn Insurance. With the addition of Taylor, Senn Dunn said it now has 22 ... More Southeast News South Central Oklahoma Teacher-Gun Bill Derailed A bill that would have allowed public school districts across Oklahoma to decide whether to let teachers be armed in classrooms won't be ... Central Texas Hit with Damaging Hail Heavy rain and hail fell throughout the Central Texas area this week but it appears Marble Falls received the brunt of the storm. Golf ball ... Arkansas Legislative Leaders Back Insurance Expansion The Republican leaders of the Arkansas House and Senate have endorsed a proposal to purchase private insurance for thousands of low-income ... Arkansas Opens Probe into Exxon Oil Spill Arkansas on Tuesday launched an investigation into an Exxon Mobil pipeline rupture that spilled thousands of barrels of crude oil into a ... More South Central News West New Mexico Governor Signs Space Travel Liability Bill New Mexico Gov. Susana Martinez on Tuesday signed into law liability-waiving legislation aimed at saving the state's nearly ... April is Tsunami Awareness Month in Hawaii Hawaii Gov. Neil Abercrombie named April 2013 Tsunami Awareness Month. Abercrombie held a ceremony at the state Capitol on Monday to sign ... Study: California Law to Impact Medical Care For Injured Workers The 2012 workers' compensation regulatory changes in California are expected to affect both the prices and utilization of medical care to ... Washington Insurance Commissioner Recovering From Heart Surgery Washington Insurance Commissioner Mike Kreidler, the nation's longest serving insurance commissioner, is recovering after successful heart ... Nautilus Names Markham SVP and Chief Underwriting Officer in Arizona Scottsdale, Ariz.-based Nautilus Insurance Group named Wendy L. Markham senior vice president and chief underwriting officer. Markham ... E&S Opens Field Loss Mitigation Operation in Southern California E&S Inspections Inc., a newly opened firm specializing in field loss mitigation services for the insurance sector, has started operations ... State Fund 2012 Annual Report Shows Net Income Increase California's State Compensation Fund's annual report for 2012 was released online Tuesday, and it reflects an increase in net income for ... More West News International India Plans Reinsurance Pool to Cover Refiners Handling Iran Oil India plans to set up a fund of up to 20 billion rupees ($368.4 million) to back local insurers in offering cover to refiners who process ... Scientists in Race to Gauge Pandemic Risk of New Bird Flu Genetic sequence data on a deadly strain of bird flu previously unknown in people show the virus has already acquired some mutations that ... AIR Worldwide Announces New Public Risk Services Group Catastrophe modeling firm AIR Worldwide has announced the availability of Public Risk Services, which it describes as a "new consulting ... Ascent 'Ring-Fences' Cyber Notification Costs to Protect Policy Limits Ascent Underwriting, the cyber risks Managing General Agent (MGA) led by Amlin capacity, said it is "to ring-fence cyber breach ... More International News Sponsored Content Astonish Announces Early Bird Pricing for Annual E-Agent Summit Warwick, RI, 04/03/13 - Astonish, a leading digital marketing, technology, and training provider for insurance agencies and brokerages, is ... More Sponsored Content 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 non compete clause Posted: Wed Apr 3 -- omniplus, if you signed a non-compete with the other agency, then you will need to refer the legal document to see if you would be breaking... lonestar What marketing efforts are generating business? Posted: Mon Apr 1 -- Every agent keeps asking for and hoping there's a Holy Grail answer to this question. In fact, there isn't any one answer and techniques... d's insurance store I.A. start up- cluster, alliance (siaa type) or go it alone? Posted: Mon Apr 1 -- You might want to look into FMJ Agency Alliance. They have helped many former captive agents get started on the independent side of the... dirtmen AICPCU ARM Program Breadth and Scope Posted: Mon Apr 1 -- I am a CPA/CFE Forensic Accountant who has recently started working in Fraud Management for an international P&C Insurer dealing in a very... john_of_kc Arizona broker fees Posted: Sat Mar 30 -- Yes. Your information is correct but you are making a lot of assumptions about my statement. INTLXS What is your biggest pain as an agent? Posted: Sat Mar 30 -- 1) Leads companies the sell bogus, incentivized ( win free ipad) or recycled leads. 2) Legit leads that never answer the phone or email myagentethan SIAA vs. Cluster? Posted: Sat Mar 30 -- I found out th MA I am working with at SIAA does but I'm learning Mercury is very tough to deal with, cutting commission and raising... JZanders Farmers vs. Independent Posted: Fri Mar 29 -- "hello Friends, I am a new in field with a CA P&C License. Please suggest me the company,where I would start as a... d's insurance store Go to Forums Reader Comments Relatives Sue Over University of Alabama Cheerleader Bus Crash Posted: Mon Apr 1 -- Center Point: they are naming the bus company because they have deeper pockets than just the owner of the car she was in. and that's the way... bob Insurance Agent Takes Stand on Gay Marriage in Supreme Court Case Posted: Thu Mar 28 -- Is your young daughter an adult? If yes, and she consents, then we have 2 consenting adults and they should be allowed to get married (enter... Captain Planet How Obamacare Could Affect P/C Insurance Posted: Thu Mar 28 -- Sarting to see employers who have 20-50 workers set up new companies (split there employees between two companies) to avoid paying for... TX Agent North Carolina Bill Would End Motorcycle Helmet Mandate for Adults Posted: Thu Mar 28 -- A motorcycle course likely won't help....most motorcycle crashes are caused by cars or trucks that don't see the bike. We won't get on the... v Obamacare to Hike Some, Lower Other Individual Health Premiums: Sebelius Posted: Thu Mar 28 -- Be careful what you wish for, they may be listening... wvagt Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue March 25, 2013 Hot New Markets; High Risk Property; Corporate Profiles - Regional Edition; 2012 Mergers & Acquisitions Summary Report; Quarterly Employee Benefits Brokerage Report 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 Underwriter Underwriters/Brokers Senior Healthcare Contract Specialist Customer Service Representative Have a job opening? List it on our Web site. 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