Tuesday, May 14, 2013

Daily Headlines: Tuesday, May 14, 2013

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Insurance Journal Daily Headlines
May 14, 2013
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

50 Top Apps for Independent Agents

Mobility technology is changing the way the insurance industry operates. But when it comes to working on the go, nothing is as important as ...

E&O Insights: Directors & Officers Liability Is Not Your Normal Insurance Product

If you asked 100 insurance professionals on the agency side what one line of business "scares" them the most, it's likely that directors ...

Medical Liability Market Profitable But Deteriorating Results Expected: Fitch

The medical professional liability insurance (MPLI) market was one of the most profitable lines of business in the United States for the ...

Homeowners Confused About Insurance Coverage: Survey

Many homeowners do not understand what exposures are covered under their home insurance policy, according to a new consumer survey. More ...

AAMGA Looks to Expand Membership

After a two year process in which the board of directors of the American Association of Managing General Agents (AAMGA) has examined the ...

From MyNewMarkets.com Top 5 New Enhancements in Nonprofit Liability Coverage

Some people hold the misconception that directors, trustees and officers of nonprofit organizations do not have a meaningful exposure to...
Carrier Management

How They Rank: Fitch Reports On Top D&O Insurers

Directors and officers liability insurance premium rates were previously lagging the market recovery in the broader...
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East

Report: 127 Killed on the Job in Virginia in 2011, 20 More Than Previous Year

A new labor union report says 127 workers were killed on the job in 2011 in Virginia, 20 more than the previous year. According to the ...

8 Indicted In New York Over $2M Staged Auto Accident Conspiracy

New York authorities indicted eight defendants last week with mail fraud and conspiracy to commit mail fraud in connection with a scheme to ...

Business Frets at Terrorism Tag of Marathon Attack

President Barack Obama's declaration that the Boston Marathon bombings were an act of terrorism could make it difficult for many affected ...
Midwest

Michigan Pair Charged with Embezzling $2.6M from Work Comp Firm

Michigan's attorney general has charged the former CEO and a bookkeeper with embezzling millions from a workers' compensation ...

White Promoted, Elected to Central Insurance Board of Directors

Van Wert, Ohio-based Central Insurance Companies has elected Janet L. White, to its board of directors, appointed her to its executive ...

2012 Indianapolis Flooding Becomes Costly for City

The city of Indianapolis faces possibly paying hundreds of thousands of dollars for a restaurant badly damaged by flooding during a ...
Southeast

Florida's Citizens' Cap on Public Adjusters Fees Lifted

In a victory for public adjusters, Florida lawmakers have repealed a 10 percent cap on fees paid to public adjusters who handle claims from ...

Georgia Regulator to Host Hurricane Preparedness Expo on June 15

The hurricane season is almost here and Georgia Insurance Commissioner Ralph Hudgens is inviting the public to attend the 12th Annual ...

N.C. Commissioner Goodwin Seeking Apology Over Health Official's Remark

North Carolina's Insurance Commissioner Wayne Goodwin is publicly calling for an apology from the state's Department of Health and Human ...

Labor Union Report: 43 Killed on the Job in West Virginia in 2011

A new labor union report says 43 workers were killed on the job in 2011 in West Virginia, down from 95 the previous year that included a ...
South Central

Confie Seguros Acquires Texas State Low Cost Insurance

Confie Seguros, a national provider of personal lines insurance, has acquired Texas State Low Cost Insurance Agency of Austin, expanding ...

Oklahoma's Midlands MGA Joins Trusted Choice

Oklahoma-based managing general agent, Midlands, is the newest member of the Trusted Choice consumer branding program for independent ...

TWFG Honors High-Achieving Producers

The Woodlands Financial Group's TWFG Insurance Services division has named 20 as outstanding performers and producers for the year 2012, ...
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West

Feds: Another Tough Wildfire Season For West

Fire officials are poised for a tough wildfire season after another dry winter across much of the West, and made more challenging because ...

Jury Begins Deliberation In Las Vegas Casino Case

Jurors have begun deliberations in a breach of contract case against casino giant Las Vegas Sands after hearing conflicting stories from ...

New Mexico Nursing Students Sue School Over Accreditation Issue

Dona Ana Community College is being sued by eight current and former nursing students over the school's failure last year to maintain ...

Utah National Guard Opening New $8 Million Fire Station

The Utah Air National Guard is ready to open its new $8 million fire station at the base in Salt Lake City. Guard leaders held a formal ...

EPIC Names Beale Employee Benefits Consultant in California

Edgewood Partners Insurance Center named Kris Beale an employee benefits division senior compliance consultant in its San Francisco, Calif. ...
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International

Marsh & McLennan Offers Organized Crime Insurance in Mexico

The Mexican unit of insurer Marsh & McClennan Companies Inc said on Monday it is launching a policy that will cover terrorism, organized ...

Philip Named President, CEO of American International Co. Ltd. Bermuda

American International Group Inc. (AIG) has named Anthony Philip as president and CEO of American International Company Limited (AIG) in ...

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Insurance Journal TV

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Fireman's Fund Chief Looks to Future

Lori Fouché became Fireman's Fund's president and CEO in July, 2011. The head of the U.S....
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Greenberg's View: Finite Reinsurance

The cornerstone of former New York Attorney General Eliot Spitzer's campaign against AIG and...

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New Discussions in the Forums

I.A. start up- cluster, alliance (siaa type) or go it alone?
Posted: Tue May 14 -- This is my first time posting on the forum. I have been a captive agent representative for the last 7 years. I do not own... d's insurance store
What is your biggest pain as an agent?
Posted: Mon May 13 -- How would you like to be a Farmers agent and be tied to IE 9? Now along comes Windows automatic update and you come in the next... OldIndyAgent
Work Comp - Vapor Shops - All States
Posted: Mon May 13 -- Who can write workers comp for Vapor Shops. There is an exposure to handling nicotine. Please advise. Thanks, Sarkis... InsureTime
Agency Management System
Posted: Sat May 11 -- I'm not sure about the other insurance client management systems but I personally love Hawksoft. I'm new to the current agency I work for,... ABMCalifornia
Online Competition
Posted: Sat May 11 -- I make it a habit to collect insuring agreements from competitors, the 'Other insurance' clause is most... Robert742
Moving and Storage Company
Posted: Fri May 10 -- Looking for a moving and storage program for all lines - GL, Auto, WC and etc. Total premium estimated @ $170,000+. Client has locations in... Larsim
What marketing efforts are generating business?
Posted: Thu May 9 -- I agree Eugene cold calling is very effective but it's not used very much agencies today. Pathwayinsurance

Reader Comments

Republicans Renew Push for Repeal of Obamacare
Posted: Fri May 10 -- Let me guess, you are a fanatical Republican disguised as a national hero. Libby
N.J. Law Requires Insurers to Provide 1-Page Summary of Homeowners Coverage
Posted: Tue May 7 -- Great intent. Poor execution. There is a reasons that policies are not one page. For years people have been told, warned, heard it reported,... jtownagent
Texas House Approves Guns on Campus, School Marshals Bills
Posted: Tue May 7 -- All of you that fear guns so and don't believe people can be wise enough to apply their use in a civilized manner only display your... Perplexed
Fundamental Changes Spur Health Spending Dip: Study
Posted: Tue May 7 -- "It's not an overstatement to say that if we solve the healthcare spending problem we solve the federal deficit, said health economist... Dave
Montana Woman Charged With DUI After Drunken Horse Ride
Posted: Mon May 13 -- Headline is a little misleading. Makes it sound as if the woman was arrested while riding the horse. SC

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