Daily Headlines: Thursday, July 18, 2013

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July 18, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Administration Says Obamacare to Lower Insurance Premiums More Than Forecast Hoping to gain the high ground in an escalating war of words over Obamacare, the U.S. administration on Thursday forecast sharply lower ... Number of Hail Damage Insurance Claims Up 84% Since 2010 Insurance claims resulting from hail storm damage increased 84 percent in 2012 from their 2010 level, according to the National Insurance ... Allstate Selling Life Business to London Group Clive Cowdery, who earned a fortune cutting deals that consolidated the U.K. life insurance industry, is making a foray into the U.S. by ... Berkley Life Sciences Now Lloyd's Coverholder for U.S. Business Berkley Life Sciences, a global life sciences underwriter, has been accredited as a Coverholder, in conjunction with Berkley Global ... CEOs, Insurers Finally Ready to Embrace Intellectual Property Insurance? The small yet complicated niche of patent and intellectual property (IP) insurance has seen more interest lately as patent claims rise and... RMS North American Hurricane Model Coming Soon; Lower Risk Indications Expected When RMS releases an update for the catastrophe modeling firm's North American Hurricane model later this month, lower... More National News East N.J. Gov. Christie Announces More Flood Buyouts The floodwaters from Superstorm Sandy gushed in through Bob and Pat Smith's porch windows and didn't stop rising till reaching the 6-foot ... Arbitrator: Mass. Diocese Needs Up to $49M From Insurer to Replace School An arbitration panel has ruled that the Roman Catholic Diocese of Springfield, Mass., should get as much as $49 million from its insurance ... N.J. Court Rejects Insurer's Argument, Rules Missing Man Not Liable for Cop's Injury A New Jersey state appellate court has ruled that a man who went missing in northern New Jersey is not financially responsible for the ... New York Announces Summer Texting-While-Driving Crackdown on Long Island New York Gov. Andrew Cuomo this week detailed a summer crackdown by the New York State Police on distracted driving on Long Island. ... GEICO Announces 2 Appointments in Buffalo, N.Y., Office Auto insurance giant GEICO recently announced that Kirk La has been named assistant vice president of the GEICO Insurance Agency and Pionne ... More East News Midwest Health Insurance Navigators in Missouri to Need Licenses A new Missouri law will require insurance counselors to get state licenses before they can help people search for health plans on an online ... Missouri Appeals Panel Says Kansas Gun Store not Liable A Missouri appeals panel says it agrees with a lower court ruling that said a Kansas gun store is protected from lawsuits in a 2007 fatal ... More Midwest News Southeast Mississippi Blue Cross Could End Contracts with 2 Hospital Systems Blue Cross & Blue Shield of Mississippi has told the state's second-largest hospital owner that it will end its contract with the company's ... Alabama Officials Practice for Hurricane Season Alabama Emergency Management Agency officials received an early wake-up call Tuesday and were told that a hurricane named Juliet had made ... More Southeast News South Central Devastated Texas Town Ponders Schools' Future After a massive fertilizer plant explosion devastated the rural town of West in April, local teachers and administrators did what they ... More South Central News West Woman, Son Injured in SFO Asiana Crash Sue Airline A woman and her 8-year-old son, injured in the crash-landing of Asiana Flight 214, are suing the airline over the accident. The San ... New Mexico Reaches $920K Settlement With Gas Processor State environment officials have reached a settlement with the operator of a natural gas processing plant in southeastern New Mexico over ... California Wholesalers Group Adds Associates The California Wholesalers Association is adding four associate members to its ranks. CIWA elected to revise its bylaws and allow for more ... Arizona Regents Cite Concerns Over Student Safety The board that oversees Arizona's state university system is expressing concern about student safety in the wake of dangerous and criminal ... Montana Tornado Damages Property, No Injuries Roosevelt County officials are assessing the damage done by a tornado that touched down about 20 miles north of Poplar, Mont. Emergency ... All Risks Taps McDonough in Northern California Independent wholesaler All Risks Ltd. named Rick McDonough and his West Coast production team to All Risks' San Francisco location. In ... More West News International FERMA Urges EC to Respect 'Freedom of Choice' for Cat Coverage The Federation of European Risk Management Associations (FERMA) announced that it has told the European Commission that "any new insurance ... UK's FCA Fines Swinton Group $11.215 Million for 'Add-On' Mis-selling The UK's Financial Conduct Authority (FCA) [the successor to the FSA] has fined Swinton Group Limited, one of the country's largest ... India Grants 3 Month Extension to Iranian Underwriters for Non-Oil Shipments India has extended a temporary approval to Iranian underwriters Kish P&I Club and Moallem Insurance Co for covering container and tanker ... SCOR Estimates Net Pre-tax Losses from Alberta Floods at $52 Million French reinsurer SCOR Group announced that "the June flood event in Alberta, which resulted in mass evacuations of people from their homes ... More International News Insurance Journal Blogs Burand's Agency E&O Blog: Tip #37 Mailing Certificates of Insurance. You should always do what companies tell you to do because they always look out for the agent, right? If ... More Blogs Join the Insurance Journal Network Insurance Journal TV Oklahoma Opens Up to Captive Insurers Oklahoma this year will join the ranks of other states that aim to attract and keep captive... Watch Now 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 Watch more videos at InsuranceJournal.tv New Discussions in the Forums The Age Old Question-How much to split Posted: Thu Jul 18 -- I don't see how you can even get to a breakeven point with 30% of the commissions. A simple way to look at it is to divide your your... ins-atty Insuring Fabric Structures Posted: Thu Jul 18 -- I work for a smaller P & C company that also has a farm product. We are starting to see requests to insure fabric structures for farm... tmacdona2000 Life Insurance Companies for Independent Agents? Posted: Tue Jul 16 -- Thanks, I think that I am more towards "Brokers Alliance" .They offer decent street level commissions and (apparently) great service, a... manny79 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 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 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 Lawsuits Could Follow Zimmerman Acquittal Posted: Mon Jul 15 -- Zimmerman should sue NBC for editing out of the 911 tape the part where he said Trayvon is black only after the 911 operator asked. Joan Gard 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 AIG Ex-Chief Greenberg Sues Spitzer for Defamation Posted: Mon Jul 15 -- Dear Hank. Quit tying up the courts with your neuroses. Dear Spitzer: Just stick with the family business (real estate) if they'll have you. D Marsh & McLennan Names Gardner Chief Diversity, Inclusion Officer Posted: Tue Jul 16 -- This is ridiculous. "Executive Sponsor of Gay and Lesbians" She is to "Drive organizational and cultural CHANGE." So, I guess all the high... Reagan Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue July 1, 2013 The Disaster Issue: Flood, Earthquake, Windstorm, Terrorism, Cyber Attack & More; Commercial Auto (Including Taxis, Limos & Fleets); Digital Product Guide; Bonus: The Florida Issue (Special Supplement) 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 Territory Manager Claims Property Risk Manager Territory Manager - Commercial Lines Business Development Manager Have a job opening? 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