Daily Headlines: Tuesday, May 7, 2013

Contact us | Subscribe | Send to a Friend

May 7, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Fundamental Changes Spur Health Spending Dip: Study Slower growth in the pace of U.S. healthcare spending reflects a fundamental change in the use of medical services that could save the ... Commercial Rates Up 5% in April; Berkshire Move Could Affect Market: MarketScout Property, casualty and professional liability insurance rates were up five percent in April, according to MarketScout's most recent ... MBIA, Bank of America Reach $1.6 Billion Settlement Bank of America Corp. has agreed to pay $1.6 billion in cash to MBIA Inc. and will receive the right to buy a 4.9 percent stake in the bond ... Risk Retention Groups Continue to Display Financial Stability: Demotech Risk retention groups continue to display strong and stable results, according to a recent analysis of year-end 2012 financial information. ... Rockwood Decreases Agent E&O Rates in Massachusetts, California, Texas Rockwood Programs has implemented underwriting guideline changes to its P&C Agents E&O program. The modifications will result in a rate ... 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... NAIC CEO Nelson Explains Affordable Care Vote, Warns Feds 'Stay In Your Lane' Spending roughly a dozen years in the U.S. Senate taught the new CEO of the National Association of Insurance... More National News East N.J. Law Requires Insurers to Provide 1-Page Summary of Homeowners Coverage New Jersey Gov. Chris Christie has signed into law a bill that aims to help homeowners better understand their insurance policies. The ... Univest Acquires John T. Fretz Insurance Agency in Pennsylvania Univest Corporation of Pennsylvania and its insurance subsidiary, Univest Insurance Inc., announced this month the acquisition of John T. ... 2 Mass. Men Sentenced for Fraudulently Collecting $23K in Insurance Payments Massachusetts authorities announced this month that two men have pleaded guilty to charges they fraudulently collected an insurance payment ... Ongoing Dry Weather Raising New York Wildfire Danger New York conservation officials say continuing dry weather has raised the danger of wildfires, advising rural and suburban residents that ... More East News Midwest Missouri House OKs Bill Focused on Injured Worker Fund Missouri House members advanced legislation that seeks to replenish an insolvent fund for disabled workers while also preventing people who ... More Midwest News Southeast Tennessee Battles Prescription Drug Abuse The battle against prescription drug abuse in Tennessee is constantly being fought by officers and lawmakers. The Commercial Appeal ... West Virginia Enforcing Texting While Driving Ban: 125 Convictions In the first 10 months since a West Virginia law banned driving while texting or talking on a hand-held cell phone, 125 offenders have been ... More Southeast News South Central West Fertilizer Investigators: Ammonium Nitrate Detonated In Explosion While the investigation into the origin and cause of the West Fertilizer Plant fire and explosion in West, Texas, is ongoing, investigators ... Esurance Now Offering Renters Insurance in Oklahoma Esurance announced it is now offering renters insurance to new and existing customers in Oklahoma. Oklahomans who are renting or leasing a ... Motorists Group's Haack to Be Inducted to Iowa Insurance Hall of Fame Susan E. Haack, senior vice president, corporate secretary and chief risk officer of The Motorists Insurance Group, has been selected for ... More South Central News West SCM Names Anson Marketing Director in California SullivanCurtisMonroe Insurance Services LLC named Andrew Anson director of marketing and communications to its Irvine, Calif. office. Anson ... Investigators Want PG&E Fines to Exceed $1B For California Blast The California agency investigating a deadly pipeline explosion and the City of San Bruno are set to propose major fines they say Pacific ... Space Mountain Reopens At Disneyland After Workplace Appeal Dropped One of Disneyland's most popular rides has reopened after the company declined to appeal a workplace safety case. The attraction was closed ... Montana Enacts Insurance Compact Legislation Montana Gov. Steve Bullock signed has made Montana the 43rd state to join the Interstate Insurance Product Regulation Commission. Bullock ... EMPLOYERS Names Hatfield Vice President of Underwriting in California RENO, Nev.-based EMPLOYERS named Bradley N. Hatfield vice president of underwriting for strategic partnerships and alliances. He will be ... More West News International Low Damage Claims Aid Reinsurers Q1 Earnings Low damage claims and rising premiums helped to shield earnings at German reinsurers Munich Re and Hannover Re in the first quarter, as the ... PERILS Expands Estimates to Include Earthquake, Flood in Italy PERILS, the independent Zurich-based organization providing industry-wide catastrophe insurance data, has extended its market coverage to ... More International News Join the Insurance Journal Network Insurance Journal TV 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.... Watch Now Greenberg's View: Finite Reinsurance The cornerstone of former New York Attorney General Eliot Spitzer's campaign against AIG and... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Acord eForms - TAM Posted: Mon May 6 -- Hi All, Is there any way to download Acord eForms without having to pay an additional access fee? We pay to use Applied (TAM) and their... californiadude Hotels in Ca Posted: Mon May 6 -- I need coverage for a hotel BOP in Crestline Ca 92325. Farmers getting off risk due to location. Thanks Trotter trotter Long haul trucking- CA Posted: Sat May 4 -- Hi Legacy, yes, I can take a look! Can't write the PD though. tanya01 What marketing efforts are generating business? Posted: Fri May 3 -- Commercial Insurance is highly renewal date based. If you are looking for timely revenue driving marketing, having a calling effort is the... EugeneM CA-Sales of defibrillators & CPR Training Posted: Thu May 2 -- Not a BOP, but BOPs don't have the Professional they need. Northfield Insurance Co. will do a GL and Professional in a single package for a... BKCPCU Insurance Noodle vs. Superior Access vs. Agent Secure Posted: Thu May 2 -- They have a lot of names within the P&C world: Agency Networks, Agency Groups, Clusters, Premium Aggregators, Agency Franchises, etc. They... El Phil What is your biggest pain as an agent? Posted: Wed May 1 -- Right now my biggest pain is customer service. Its hard to sell, market and service as a one man shop. It never seems like there is enough... shiftins Go to Forums Reader Comments Texas AG: Same-Sex Marriage Benefits Unconstitutional for Public Entities Posted: Wed May 1 -- Boo! Boo! Boo Abbot and Patrick! So, if 75% of voters said they wanted witches burned at the stake, would you take up a search and commence... Captain Planet Texas House Approves Guns on Campus, School Marshals Bills Posted: Mon May 6 -- YEEEE HAH! Welcome to the Wild West, pardner! Mebbe the local natives will be allowed to carry concealed bows+arrows, Chemo-sabe. Next stop,... reality bites Opponents of Obamacare Sue Over IRS Rule on Tax Credits Posted: Fri May 3 -- Gee, I wonder why these people are challenging this wonderful 2,700 page bill with 12,000 pages of regulations. I wonder why 2/3rds of the... Agent Experts Weigh Boston Bombings' Impact on Government-Backed Terrorism Insurance Posted: Tue Apr 30 -- "Under TRIA, an event cannot be considered as a terrorist act unless the U.S. Treasury secretary, the secretary of state and U.S. attorney... Dave Administration Shortens Health Care Application Posted: Wed May 1 -- "The health care questions will disappear, but they'll be replaced by questions about your income." New "simplified" application - 4... wvagt Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue May 20, 2013 AAMGA Issue; Salute to Super Regionals; Premium Finance Directory 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 Commercial Property and Casualty Broker Farm/Ag Account Manager Workers Compensation Wholesale Underwriter Customer Service Manager - Personal Lines 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. View our Media Kit for advertising options in our magazines and online properties. Subscribe | Unsubscribe | Send to a Friend | Contact Us Insurance Journal 3570 Camino del Rio North, Suite 200 San Diego, CA 92108 (800) 897-9965 Copyright © 2013 by Wells Media Group, Inc.