Daily Headlines: Monday, July 15, 2013

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July 15, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Fast-Growing Craft Brewers Slow to Adopt Workplace Safety Welder Mark Moynihan crawled down a narrow tube into a space the size of a car interior to seal the crack in the fermentation tank at ... Total Cost of Risk Up As Market Firms: RIMS Businesses paid about five percent more in 2012 than they did in 2011 to cover the total cost of risk. That compares to a rise of only 1.7 ... Reinsurance Brokers Holborn, Lehrke Merge Reinsurance brokers Holborn Corp. of New York and W.J. Lehrke Co. of Edina, Minnesota, have agreed to merge. Details were not disclosed. ... England joins Global Special Risks (GSR) as President and CEO Houston-based Global Special Risks LLC (GSR), part of Ryan Specialty Group LLC, announced that Steven J. England has joined GSR as ... ACE Expands Catastrophe Capacity in North America The ACE Group has increased catastrophe limits to $30 million across all its North American retail and wholesale broker-distributed ... AIG Ex-Chief Greenberg Sues Spitzer for Defamation Former American International Group Chief Executive Maurice "Hank" Greenberg sued Eliot Spitzer on Friday, alleging the former New York ... MarketScout: Commercial, Personal Lines Rates Rise; New Insurers Eye HNW Space Increases for commercial property/casualty insurance rates in the United States were again about 5 percent during June, the fourth straight... RMS(one) Explained When RMS developed its recently unveiled software platform RMS(one), the catastrophe modeling firm had a wide range of... More National News East Penn State Approves Settlement Offers to Sandusky Victims Pennsylvania State University said it approved settlement offers to some victims of Jerry Sandusky, the former assistant football coach ... Judge to Mull If Airlines Owe WTC Owners Over 9/11 A judge who has presided over most of the litigation stemming from the Sept. 11, 2001, terrorist attacks will decide whether the owners of ... Huge Post-Sandy Tax Increases Fail to Materialize With all the fears that Superstorm Sandy created, here's one that never materialized: huge tax increases to make up for property destroyed ... R.I. to Keep Assessment Rate for Workers' Comp Insurers at 6.75% The Rhode Island Department of Labor and Training said it is keeping the assessment rate for workers' compensation insurers unchanged at ... More East News Midwest Insurer Denies Coverage in Kansas City Diocese Settlement A former insurance company for the Catholic Diocese of Kansas City-St. Joseph, Mo., is seeking to avoid paying for priest sexual abuse ... Insurance Company Suing Former South Dakota Legislator An insurance company is suing a former South Dakota state legislator to recover nearly $10,000 in medical expenses over a mishap during a ... Missouri State Univ. Receives $1M Insurance Check from Theft Missouri State University has recouped most of the nearly $1.2 million that was stolen from its bookstore. The Springfield News-Leader ... More Midwest News Southeast Lawsuits Could Follow Zimmerman Acquittal The acquittal of George Zimmerman, the Florida neighborhood watch volunteer cleared of state charges in the death of black teenager Trayvon ... North Carolina Begins Surveying Outer Banks Residents on Evacuation State and federal emergency officials will survey hundreds of Outer Banks residents to find out if they would ever evacuate for a hurricane ... Regions Insurance Opens First South Carolina Office; Norris to Head Regions Insurance has established an office in Columbia, S.C. and hired insurance executive Frank Norris to lead the office, its first in ... GEICO Names Rayburn VP of Southeast Operations Auto insurance giant GEICO promoted Rhett Rayburn to vice president of Southeast operations. He will be based in GEICO's Macon, Ga., ... Cheerleader Wins Defamation Lawsuit Against Gossip Website A gossip website operator who lost a defamation lawsuit brought by a former Cincinnati Bengals cheerleader plans to appeal, and some First ... More Southeast News South Central Commission Dismisses $1M Claim Against Arkansas State The Arkansas State Claims Commission has voted to dismiss a $1 million wrongful death claim against Arkansas State University by the ... Court Bars Lawsuit in Oklahoma Airplane Crash Alabama's highest court has ruled that a lawsuit involving a deadly 2005 Oklahoma airplane crash is time-barred and must be dismissed. The ... Cameron, Louisiana Adds Firefighters; Expects Lower Insurance Premiums Cameron Parish Fire District 10 in Louisiana has hired six firefighters and officials say that will improve response to fire calls in ... More South Central News West USDA Issues Drought Disaster For East Idaho Counties Federal agriculture officials have issued a disaster declaration for Clark County in eastern Idaho due to a lack of rain for the last two ... Fraud Fear Raised In California's Health Exchange Consumer groups are worried that California's uninsured could fall victim to fraud, identity theft or other crimes by some of the very ... 'SharkNado' Impact on Los Angeles $100B! It was a doozy. Flying, biting killer sharks literally whipped into a frenzy by freak tornadoes wreaked havoc on Los Angelenos. The ... Leavitt Group to Buy United Valley; a Collective 150 Agencies in West United Valley Insurance Services and Leavitt Group Enterprises have agreed to a merger, giving the two firms a collective 150 insurance ... More West News International French Train Crash Caused by Technical Fault on Track, SNCF Says The French train crash that killed at least six people on Friday afternoon was probably caused by a technical fault involving the track, ... Willis Sees Continued 'Downward' Trend for Airline Premiums Insurance premiums for airlines continued to go down during the first half of this year in what remains a buyers' market, according to a ... Railroad at Center of Quebec Town Tragedy and Heart of its Recovery It was a runaway train that caused this month's deadly inferno in Lac-Megantic, but the Canadian town's leaders, business owners and many ... Pirate Kidnappings Surge in Waters off Nigeria as Attacks Spread Kidnappings of sailors on merchant ships in waters off Nigeria and nearby countries surged in the first half as pirates attacked a broader ... More International News 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 Agency Management System Posted: Fri Jul 12 -- Couldnt agree more on this "married to vendor" statement. We recently spent about 400K on upgrade to Vertafore. Obviosly did a great deal... exclaimsguy The Age Old Question-How much to split Posted: Fri Jul 12 -- I didnt see an indication of what type of area you are located in. Metro, rural, etc? Also, is this all persoanl lines or is there a... exclaimsguy Life Insurance Companies for Independent Agents? Posted: Fri Jul 12 -- Thanks guys, I appreciated your post's, Yes it seems that's the way to go. Coming from a captive world this small details could be seen like... manny79 non compete clause Posted: Fri Jul 12 -- A no compete usually states you cannot solicit to your past clients; however, if they reach out to you there is no law against that.... shiftins Removing a Named Insured Posted: Fri Jul 12 -- If a partnership, both individuals can be interpreted as first named insured since the two individuals comprise the partnership (assuming... NYagent301 Medical malpractice for all states Posted: Fri Jul 12 -- I can help you with this. How shall I contact you? MedMal Man Applied Underwriters / Equity Comp Posted: Thu Jul 11 -- Does anyone have experience they could share (good or bad) with Applied's Equity Comp product? This would be the standalone WC product for... SFINS National Agents Alliance? Legit or Keep Away? Posted: Wed Jul 10 -- This sounds like a MLM. Did not read every post, but when people who are in the company responds to the question "Is this an MLM?" by saying... ishootfriendlies Insurance Noodle vs. Superior Access vs. Agent Secure Posted: Wed Jul 10 -- I have done research looking for a network/cluster for my agency. We are 4 years old, located in New York City with over $20mm in premium.... mschwartz Go to Forums Reader Comments House May Split Food Stamps from Rest of Farm Bill Posted: Wed Jul 10 -- Say it with me Republicans - 'NON-STARTER'! Quit pandering and get something done already. And to Huh! - I think you mean Big Ag and... Captain Planet Pennsylvania Law Banning Gay Marriage Faces Court Challenge Posted: Thu Jul 11 -- If the 'sanctity' of your marriage is threatened by someone else's marriage – whether gay or straight – you really need to re-evaluate... BS Republicans Press for Delay in Obamacare Individual Mandate Posted: Thu Jul 11 -- Ill conceived is putting it mildly TAR. This is the mother of all laws of unintended consequences. Every day brings a new revelation and it... Agent Lawsuit Filed Over Utah Boy's Falling Tombstone Death Posted: Mon Jul 8 -- Nice story. Who in the world is Erickson and why do we care what he has to say? Baxtor Commercial Insurance Rates Up 5% Again in June: MarketScout Posted: Mon Jul 8 -- @ Baxtor, This might still include Sentry as even if their pricing is 30-50% below "market" rates, they can still be 5% above their expiring... 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