Daily Headlines: Wednesday, June 19, 2013

Contact us | Subscribe | Send to a Friend

June 19, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National U.S. Regulators See No Need for Enhanced Insurer Capital Insurers should not be forced to hold extra capital just because of their size, because the extra cost would simply be passed on to ... New 'Obamacare' Exchanges Could Miss Enrollment Deadline: GAO New health insurance exchanges being set up by the federal government in more than 30 states under President Barack Obama's 2010 healthcare ... Why Restaurant Franchises Make Good Program Business One industry segment ideal for the program market and somewhat immune to the effects of a battered economy is the fast-food, multi-unit ... IRS Scandals Threaten Funding for Health Care Law Mounting scandals at the Internal Revenue Service are jeopardizing critical funding for the agency as it gears up to play a big role in ... Market Forces, Technology Transforming P/C Agents' Role: McKinsey A report this month from consulting firm McKinsey & Company says market forces and technology are changing the role of the agent in the ... ACE Launches New Railroad Insurance Unit ACE Westchester, the U.S.-based wholesale-focused insurance division of the ACE Group, has formed a new railroad underwriting unit. The new ... 10 Things to Know About Entertainment, Sports & Special Events  The average cost of a wedding in 2012 was $25,656 (Travelers)  The average wedding insurance premium for a $25,000 wedding ranges from... Dark Clouds Forming; Data Security Hurricanes Ahead For Cyber Insurers Data security and privacy (cyber liability) insurance has become one of the hottest topics of the insurance industry and... More National News East Heffernan Acquires N.Y.-Based Consuasor Insurance Advisors Walnut Creek, Calif.-based Heffernan Insurance Brokers recently acquired Consuasor Insurance Advisors in New York. Founded in 2006, ... Thunderstorms Down Trees, Power Lines in Delaware Thunderstorms with large hail knocked down trees, flooded roads and left thousands in the dark in New Castle County. As many as 11,000 ... Gov. Corbett Signs Bill Limiting Abortion Coverage in Pennsylvania Pennsylvania is joining about 20 other states in limiting coverage of abortions under health care insurance policies offered in a ... PMC Insurance Names Regional VPs for Restructured Sales Organization PMC Insurance Group, a Needham, Mass.-based national workers compensation wholesale broker, has announced the restructuring of its sales ... More East News Midwest Michigan Orders American Fellowship Mutual Insurance into Liquidation The American Fellowship Mutual Insurance Co. has been ordered into liquidation by Ingham County Circuit Judge William Collette at the ... Roundstone Management Adds Pompili as Senior VP Roundstone Management Ltd., which specializes in alternative risk insurance products and is based in Westlake, Ohio, has added Gene Pompili ... Iowa Health Insurer to Seek Smaller Rate Hikes Months after customers blasted the company for skyrocketing rates, Iowa's dominant health insurer says it will limit premium increases in ... CNA Appoints New VP, Corporate Development Chicago-based CNA Financial Corp. has appointed Derek Smith as vice president of corporate development, in charge of investor relations, ... More Midwest News Southeast Carnival Files Suit Against Alabama Ship Repair Firm The Carnival Corp. filed a lawsuit last week seeking more than $12 million in damage that its cruise ship, Triumph, sustained in an early ... Brown & Brown Expands ECC Brand, Names Division CEO Florida-based national insurance agency Brown & Brown Inc. and its wholly-owned subsidiary, ECC Insurance Brokers Inc., announced that its ... More Southeast News South Central Oklahoma Insurance Claims from May Tornadoes Top 70K Insurance claims filed in response to a major tornado outbreak in May jumped to 70,782 on June 18, with insurance payments reaching ... Texas Windstorm Insurance Group Expects Surplus The nonprofit, state-supervised property insurance agency for coastal Texas counties is expected to shore up its finances by the end of the ... Combined agents of America Elects New 2013 Leadership Combined Agents of America LLC (CAA), based in Austin, Texas, has elected an new management committee for 2013-14, led by Chairman Bill ... More South Central News West Willis Taps Foley to Drive P/C Business in Northern California Willis North America named Kristen Foley as client advocate and senior vice president of property/casualty for Willis of Northern ... Colorado Wildfire Burns More Than 500 Homes, New Blazes in West The number of homes destroyed by a Colorado wildfire rose above 500 on Tuesday as rain dampened the flames and allowed damage assessment ... Family Sues Over Colorado Woman's Death In Reality TV Project The survivors of a woman killed during the production of a reality TV show pilot have filed a wrongful death and negligence lawsuit against ... Suit Filed Over Southern California Border Patrol Chase Death The parents of a man who died when his car burst into flames during a Border Patrol chase in San Diego County is suing the government for ... More West News International Monsoon Triggers Floods in India's Himalayas, Killing 138 Air force helicopters and rescue teams searched for survivors in northern India after days of monsoon rains triggered flash floods and ... Swiss Re Publishes 'Corporate Responsibility' Report;'Sustainable'Insurance Goals Swiss Re announced the publication of its "2012 Corporate Responsibility Report," which it said "enhances its accountability by reporting ... AIG UK Enhances Airside Liablity Offering AIG's Aerospace Unit in the UK has enhanced its airside premises and contractors liability protection with limits of indemnity and up to ... More International News Insurance Journal Blogs Burand's Agency E&O Blog: Tip #36 Privacy Compliance. It's not serious until you get caught, right? The normal individual human reaction to complex laws and laws that defy ... More Blogs Join the Insurance Journal Network Insurance Journal TV Geneva Association's Secretary General John Fitzpatrick on Systemic Risks, Nat Cats, ILS and Cyber Risks The Geneva Association's studies and reports are now an important part of the dialogue between... Watch Now The Good and the Bad: Healthcare Reform and Medical Liability The Patient's Protection and Affordable Care Act (ACA) has very little to do with the medical... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Garagekeepers Coverage - Florida Account Posted: Mon Jun 17 -- Let's imagine one of the car owners hires a lawyer and takes the auto garage to court. A judge declares the garage responsible (legally... darnovak Course of Construction for non licensed contractor Posted: Mon Jun 17 -- You can easily find GL for an owner/builder with Markel/Essex. Understand we are only interested if he is building his own home. Meytai,... LadyBroker CPCU Question and advice Posted: Mon Jun 17 -- I cannot say if the CPCU will "move my career on", but it certainly will not hurt and can only help. Placing E&S is a difficult business and... gdsmack Start up cost for a new agent Posted: Thu Jun 13 -- Thanks, Yes , I want to have a website that will do both bring me leads and serve my clients( claim posting, payments, changes request) .... manny79 GL for operation renting out Zorbs? Posted: Thu Jun 13 -- You should check these guys out... KHoney Ohio Looking for a market, 8 Trucks pulling RVs Posted: Wed Jun 12 -- Hello, I have an account that I am trying to place. The company hires owner operators to haul RVs from Ohio to Canada. They have hired 8... DIG2013 Workers Comp (Ca) Auto Repair with large loss Posted: Tue Jun 11 -- Hi Paul, I think this one is probably best with SCIF for now. Unfortunately it's the triple whammy of non-renewal, large loss, and newer... californiadude insurance metal homes Posted: Fri Jun 7 -- Retired1- The company I work for find these homes ineligible due to the inability of determining a proper reconstruction cost (estimators... Companyman How to obtain release of liablity Posted: Wed Jun 5 -- What a great question for a family law attorney! People who seek legal advice from an open internet forum generally get what they pay for.... d's insurance store Go to Forums Reader Comments Philadelphia Building Inspector Kills Self After Deadly Collapse Posted: Mon Jun 17 -- How does someone making $60k afford a $500,000 house??? Libby Hands-Free Voice Messaging Behind Wheel More Dangerous Than Phoning: Study Posted: Wed Jun 12 -- Gee........ya think? Until ALL cell phone usage is banned while the car is moving, this will simply worsen. Driving while texting/talking... Scott Berkshire Hathaway's Eastwood Hiring Specialty Team to Vie with Ex-Employer AIG Posted: Thu Jun 13 -- Gosh, Bernie - Don't make yourself sound so unintelligent. Company just formed less than 2 months ago. If you knew ANYTHING about the... sips FEMA Denies Texas Aid to Rebuild Town After Fertilizer Blast Posted: Thu Jun 13 -- Sandy, your statement is incorrect - unless of course the Boss Hogg and Sheriff Roscoe you speak of are federal regulators. The fertilizer... KentU Small Health Insurers Assuming Big Role In Many States Under Obamacare Posted: Fri Jun 14 -- Good one Sarah. All but the most ardent supporters all see the oncoming train wreck. Congressmen are now saying they and staff need a break... Agent Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue June 17, 2013 Umbrellas - Personal & Commercial; Construction; Environmental; Bonus: The Texas Issue (Special Supplement); Bonus: The Florida Issue (Special Supplement); 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 Personal Lines or Commercial Lines Account Manager Business Development Representative Underwriter - Commercial Lines Exclusive Allstate Insurance Agent 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.