Daily Headlines: Wednesday, August 21, 2013

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August 21, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Most, Least Expensive States to Own a Car Georgia is the most expensive state to operate a motor vehicle and Oregon is the cheapest, according to a Bankrate.com report that ... More Justice Department Cases Over Financial Crisis On the Way: AG Holder U.S. Attorney General Eric Holder is preparing to announce new cases related to the economic meltdown in the coming months as the Justice ... Republicans Question Privacy Protections with Health Insurance Navigators Florida Gov. Rick Scott has joined other Republicans lawmakers around the country in questioning privacy issues surrounding the navigators ... Prior Approval of Auto Rates Does Not Benefit Consumers: Study The prior-approval rate regulation of auto insurance is considered an unnecessary and ineffective approach, according to a new industry ... 10 Things to Know About the Trucking Industry 1. Intermodal is the transfer of products using multiple forms of transportation — trucks, railroads or ocean carriers. In 2012,... Seven Straight Years of Reserve Releases: Fitch Property/casualty industry prior-year loss reserves have developed favorably for seven straight calendar years,... More National News East Settlement Reached in Deadly NYC Crane Accident; Insurer Agrees to Pay $1M The parents of a construction worker killed in a New York City crane accident have settled their wrongful death lawsuit for $1 million. The ... A Roundup of Maryland's New Insurance Laws From 2013 Legislative Session The Maryland Insurance Administration issued a bulletin this week summarizing new insurance legislation from the Maryland General ... More Settlements Near in Penn State Abuse Talks Negotiations between Penn State and young men who claim they were abused by Jerry Sandusky have begun to bear fruit, with lawyers involved ... Mass. Division of Insurance Approves 2 New Entrants to State's Auto Insurance Market The Massachusetts Division of Insurance announced that Privileged Underwriters Reciprocal Exchange (PURE) and Esurance automobile insurance ... Axa Art Insurance Corp.'s Subrogation Lawsuit Seeks $1.5M From Christie's Axa Art Insurance Corp. filed a subrogation lawsuit claiming that the famed auction house Christie's in New York failed to properly store a ... Former PIA Mgmt. CEO Bessette Joins Managing General Underwriter CED 1976 CED 1976 LLC, a N.J.-based managing general underwriter for the Jewelers unBLOCKed brand that focuses on providing coverage to the jewelry ... More East News Midwest Illinois Workers' Comp Insurance Rate Down 4.5 Percent The rate used to calculate workers' compensation insurance premiums has dropped again, a direct result of reforms Gov. Pat Quinn signed ... Feds: Nearly 6,900 Firearms Stolen in Ohio in 2012 Nearly 6,900 firearms were reported stolen or lost in Ohio last year, ranking it sixth among states with the most missing guns, federal ... International Excess Program Managers Adds Schmid as VP in Ohio International Excess Program Managers, based in Cleveland, Ohio, has added George C. Schmid to its executive team. Schmid, an insurance ... Red River Diversion Opponents Sue Army Corps Opponents of a planned project to divert the Red River around Fargo, N.D., and Moorhead, Minn., have sued the U.S. Army Corps of Engineers ... More Midwest News Southeast Florida's Citizens Makes Case for Homeowners, Sinkhole Rate Increases Florida's state-backed property insurer is seeking a statewide average 6.6 percent increase in homeowners' rates and a 24.8 percent ... West Virginia High Court Caseload Drop Tied to Workers' Comp Reform The number of filings in the state Supreme Court reached its lowest level in more than 25 years in 2012, according to a report presented to ... South Carolina's ECM Solutions Acquires Ferguson Agency ECM Solutions of Charlotte, South Carolina, which sells commercial and personal insurance along with risk management services, has acquired ... Former Kentucky Lawmaker Nunn Liable for $23M in Ex-Fiance Slaying A judge in Lexington ruled that former Kentucky lawmaker Steve Nunn is liable for nearly $24 million in damages in a wrongful death lawsuit ... More Southeast News South Central Judges Reject Challenge to Texas State Farm Rates Two administrative law judges have rejected a consumer challenge to a recent 20-percent rate hike for Texas homeowners covered by State ... Butler Joins All Risks' South Central Team as Energy Broker Independent insurance wholesaler All Risks Ltd. announced that Luke Butler has joined its newly formed South Central operation as a broker ... $48M Floodgate Going into Operation in Terrebonne A floodgate designed to insulate portions of Louisiana's Terrebonne Parish from storm surge driven in from the Gulf of Mexico is being ... More South Central News West Executive Frets ACA Impact on California Workers' Comp Like many, Steve Festa, with Reno, Nev.-based EMPLOYERS, has some serious concerns about just how the Affordable Care Act will affect the ... Nevada Legislator Wants Names Of Doctors Who Overprescribe The chairman of the Nevada Senate Judiciary Committee is asking the drug company that makes OxyContin to turn over information about Nevada ... Family Of DUI Victims Sues Montana Bar A Montana woman whose mother and daughter died in a drunken driving crash has filed a lawsuit against a Helena bar, alleging the driver was ... Beecher Carlson Names Lee Vice President in Las Vegas Beecher Carlson named Scott Lee vice president in its Las Vegas office. Lee is responsible for risk analysis, program design and delivery ... More West News International $56 Bn Economic Loss; $17 Bn Insured: Swiss Re's 1st HY Disaster Report According to preliminary sigma estimates from Swiss Re, "total economic losses from natural catastrophes and man-made disasters were $56 ... Swiss Re Plays Key Role in Oxfam's Bangladesh Flood Insurance Program The global charity Oxfam has announced the launch of a flood insurance program for poor and vulnerable people in the river basin areas of ... Willis Supports Antarctic 'Pole Dash' Expedition by Young Explorer Willis Group Holdings announced that it has teamed up "with teenage explorer and climate campaigner Parker Liautaud to attempt a World ... Allied World Asia-Pacific Launches 'Side A' D&O Coverage Allied World Assurance Company Holdings, AG announced from its headquarters in Switzerland the launch of its Asia-Pacific platform, "the ... Suncorp Group Net Income Falls 32% on Banking Unit Loss Suncorp Group Ltd., an Australian lender and insurer, posted a 32 percent decline in full-year profit in line with its guidance last month. ... BMS Appoints Douetil as Group CEO; Cook CEO of UK Broker Entity The UK's BMS Associates, a specialist independent broker and underwriting group, has appointed Dane Douetil as its new Group Chief ... More International News 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 Insurance agencies for sale ? Posted: Wed Aug 21 -- I'm currently looking to buy an insurance agency, I don't mind dealing with sales brokers. I would rather deal the... ABMCalifornia 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 Why I believe in insurance agents Posted: Sat Aug 10 -- Is a cartoon gecko or a comedian in a white dress and bright red lipstick really the best our industry can do... ABMCalifornia Canadian Auto ID Cards Posted: Wed Aug 7 -- Our lead insurance company supplies them to us. gforaker Go to Forums Reader Comments Obama to Meet with Regulators on Dodd-Frank Law Status Posted: Mon Aug 19 -- How about sitting down with the IRS, and Firing those that targeted US Citizens for political reasons? Oh I forgot, he was the one who asked... Sarah Flooded Colorado Businesses Struggle Without Insurance Posted: Fri Aug 16 -- Of course lets give them government grants. We're loaded. If you can't afford to run a business, then I guess you shouldn't own a business.... Baxtor North Carolina Bureau, Insurers to Pay 2 Innocent Men $12M Posted: Wed Aug 14 -- No amount of money can replace what was taken away from these men. At least they will have enough money to live out the rest of their lives... Libby Salvation Army to Be Named in Philadelphia Building Collapse Lawsuits Posted: Fri Aug 16 -- That's disgusting. I hope it gets thrown out. Libby Idaho Man Sues Experian, Says Credit Report Wrong Posted: Mon Aug 19 -- It's doubtful that Experian or those who use their data really care how are lives are impacted by their attitude. Most of the underwriters... Huh! Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue August 19, 2013 101 Sales, Marketing & Agency Management Ideas; Corporate Profiles - National Edition; Exclusive Annual Issue Sponsor Download Opportunity 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 Executive General Adjuster Account Executive/Underwriting - Property & Casualty Personal Lines CSR Commercial Lines Insurance Account Manager Have a job opening? List it on our Web site. 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