Daily Headlines: Tuesday, August 27, 2013

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August 27, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Top 10 States for Extreme Weather Crop Insurance Payouts Extreme weather forced the federal crop insurance program to pay out a record-breaking $17.3 billion in crop losses last year, much of ... Cities, States with Best Drivers: Allstate Drivers in Washington, D.C. are the most accident-prone of any U.S. city, again placing at the bottom of an annual ranking by Allstate ... Moody's Expects Commercial P/C Rates to Continue Rising in 2013 Moody's said it expects U.S. property/casualty (P/C) insurance rates to continue to rise during the remainder of 2013 for the major ... Gulf Oil Spill Claims Chief Disputes BP Misconduct Charges BP Plc's allegations of misconduct in the program set up to pay claims in the settlement over the 2010 Gulf of Mexico oil spill were called ... Flanigan Named CEO of ASCnet Barbara Flanigan, a 30-year insurance industry veteran, has been named CEO of Applied Systems Client Network (ASCnet), the user group of ... AIG to Get $905 Million From Brookfield to End Rate-Swap Dispute American International Group Inc., the insurer that repaid a U.S. rescue last year, agreed to accept $905 million from Brookfield Asset ... Want to Make More Money in the Insurance Business? Specialize. Insurance producers who specialize in an industry or insurance product line make more money than those who don't. Likewise, agencies that... Top 10 Non-Life Reinsurers: A.M. Best Ranking There is only one new name on the latest ranking of the top 10 global non-life reinsurers, with China Reinsurance... More National News East Rhode Island to Create Uninsured Motorists Identification Database Rhode Island recently enacted legislation that will allow the division of motor vehicles to hire a third-party contractor to develop an ... Risk Remains a Fact of Life for Coast Guard Crews in N.J. When the call comes in, as it did on a frigid April morning, rescue crews from Coast Guard Sector Delaware Bay are expected to be ready and ... Massachusetts High Court Rules for Horace Mann in Policy Reformation Case The Massachusetts Supreme Judicial Court, the state's highest court, recently ruled in favor of an insurance carrier in a case involving a ... Cooper Gay Re North America Appoints Managing Director in New York Cooper Gay Re North America appointed Norman Gayle as managing director. He joins the executive team working from the head office in ... OceanPoint Insurance Appoints Account Executive in R.I. Middletown, R.I.-based OceanPoint Insurance Agency announced the addition of Douglas Guilbert as a new account executive. He will be based ... More East News Midwest Indiana Lawmaker Wants to Lower Rates Homeowners Pay to Insurance Fund A state lawmaker concerned about Indiana's recent move to dip into a fund set aside for repairs to homes damaged by soil shifting above old ... Indiana Sees Slight Decline in Workplace Deaths The number of workplace deaths in Indiana declined in 2012 to the lowest level in the past two decades, according to a new report by the ... Sentry Insurance Taps McPartland as New Chairman Stevens Point, Wis.-based Sentry Insurance announced that Sentry president and CEO Peter G. McPartland is assuming the role of chairman of ... More Midwest News Southeast Georgia Woman Hit by Tree Limb Awarded $12 Million for Injuries A state court has awarded a woman $12 million from the City of Savannah for injuries she suffered when a tree limb fell on her. A Chatham ... Family of North Carolina Football Player Killed by ATV Sues School, Coach The estate of a 15-year-old Asheville, N.C., football player who died two years ago after he was struck by an all-terrain vehicle at ... More Southeast News South Central South Padre Island Water Park Fined Nearly $100K for Workplace Hazards A popular water park on Texas' South Padre island has been fined nearly $100,000 after a 20-year-old lifeguard died and a maintenance ... Oklahoma Speaker Lays out Guidelines for Tort Reform Session Oklahoma lawmakers will likely take up more than two dozen bills when they convene at the state Capitol next month for a special session ... Arkansas Lawsuits Test Fracking Wastewater Link to Quakes Tony Davis, a 54-year-old construction worker in central Arkansas, said he welcomed the boom in natural gas drilling that brought jobs and ... More South Central News West Yosemite Fire Costs San Francisco Power as Water Unharmed A wildfire spreading within miles of water and hydropower sources for San Francisco in Yosemite National Park has cost the city $600,000 ... Crews Carry Out 18 Rescues Due To Flash Flooding in Vegas Authorities say crews carried out 18 swift water rescues after flash flooding hit the Las Vegas area. Fire and Rescue spokesman Timothy R. ... California Assembly Panel Passes Bill On Sex Abuse Lawsuits Some victims of childhood sexual abuse would have one more year to file civil lawsuits against private or nonprofit organizations that ... Poms Expands Northern California Office, Launches Construction Practice Poms & Associates Insurance Brokers Inc. has expanded to a new 20,000-square-foot office space in Northern California and launched its ... More West News International Zurich Insurance CFO Wauthier Committed Suicide: Police Pierre Wauthier, chief financial officer of Zurich Insurance Group AG, probably committed suicide at his home, according to police. He was ... Arthur J. Gallagher Acquires Ottawa's Dickinson & Associates Arthur J. Gallagher & Co. said it has acquired Dickinson & Associates Inc., an employee benefits brokerage in Ottawa, Ontario Terms of the ... Shareholders OK Sale of American Safety to Fairfax American Safety Insurance Holdings Ltd. said its shareholders approved the merger plan between the company with Fairfax Bermuda Holdings ... Four Latin American Nations Agree to Remove All Trade Tariffs Mexico, Colombia, Peru and Chile said on Monday they had wrapped up negotiations to remove all trade tariffs between them, cementing a bloc ... Zurich Insurance CFO Wauthier Found Dead Zurich Insurance Group AG, the biggest Swiss insurer, said Chief Financial Officer Pierre Wauthier was found dead at his home this morning. ... More International News Sponsored Content Johannsen Joins Sullivan Brokers Los Angeles, CA, 8/27/13 - Sullivan Brokers Wholesale Insurance Solutions is pleased to announce that effective August 26, 2013; Clancy ... More Sponsored Content Join the Insurance Journal Network Insurance Journal TV Opportunity in ACA Reprieve Shawn P. Pynes, a principal with Barney & Barney LLC in San Diego, sees the temporary reprieve... Watch Now From 3D Printing to Driverless Cars: Emerging Risks on the Horizon New technology is happening all the time, and with that comes new risks, says Graeme Newman,... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums SEO and buying back links Posted: Tue Aug 27 -- I wouldn't recommend for anyone to buy links. The best way to optimize is naturally. What would the normal website... ABMCalifornia Need assistance for job advice please Posted: Thu Aug 22 -- Hello everyone. I'll be brief and to the point. I have been trying to obtain employment as a claims adjuster after... ABMCalifornia Insurance agencies for sale ? Posted: Wed Aug 21 -- I'm currently looking to buy an insurance agency, I don't mind dealing with sales... CoJones Feedback - Good, Bad, Ugly on the following Aggregators/GAs Posted: Tue Aug 20 -- I looked extensively into many of these a few years ago. They all have their place and are right for the right agent. My advice is to look... ILguyonown What is your biggest pain as an agent? Posted: Mon Aug 19 -- Think about getting a stand up desk. Just google "stand up desk". There are many options. jtownagent CPCU - Advice Posted: Tue Aug 13 -- Those programs to complete both your CPCU and a bachelor's are exactly what a lot of us in this field need. To this point: Joel, your story... BWilliams2 Need comp in ca code 5474 painting Posted: Mon Aug 12 -- 100000 in payroll. 'insured was with Ullico and they went insolvent so insured has had a lapse since 6/30/ 2013.... ABMCalifornia Hotels in Ca Posted: Sun Aug 11 -- I need coverage for a hotel BOP in Crestline Ca 92325. Farmers getting off risk due to location. Thanks... ABMCalifornia Met Life Retirement Insurance Posted: Sun Aug 11 -- Thanks for taking the time to voice your experience. I've heard plenty of horror stories from clients myself. ABMCalifornia Go to Forums Reader Comments U.S. Asks Court to Block Bernanke Testimony in Greenberg's AIG Lawsuit Posted: Wed Aug 21 -- What makes a government official so precious that they cannot stand on trial? Aren't they servants of the American People? And if he cannot... Baxtor Will Young Adults Sign Onto Obamacare? Posted: Fri Aug 23 -- I'm curious to know what healthcare insurance "cost estimates" were used in this study...? In other words, exactly how much constituted "too... David Orban More Justice Department Cases Over Financial Crisis On the Way: AG Holder Posted: Wed Aug 21 -- A few days ago this was posted, "Bernanke cannot be forced to sit for a deposition because high-ranking U.S. government officials are... Baxtor Drivers Over Age 55 Far More Likely to Die in Job Accidents Than Younger Posted: Thu Aug 22 -- Dave, I don't quite believe this story completely. As a veteran P&C agent who has insured businesses for many years, we have seen far more... Agent Jury Finds GEICO Must Cover Driver in Fatal Vermont Crash Posted: Fri Aug 23 -- Got 15 minutues? Must have saved 15%. 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