Daily Headlines: Friday, September 20, 2013

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September 20, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Travelers Launching Low Cost, Segmented Product in New Personal Auto Strategy The Travelers Companies Inc. is adopting a new strategy to become more price-competitive in personal auto insurance. Travelers' CEO Jay ... JPMorgan Guilty Admission Marks Shift in SEC Policy The U.S. Securities and Exchange Commission, in settling claims with JPMorgan Chase & Co. over its handling of a $6.2 billion trading loss, ... Judge Accepts Halliburton's Guilty Plea in Gulf Oil Case A federal judge accepted a Halliburton Co. unit's guilty plea to destroying tests conducted on cement work connected to the BP Plc-owned ... Prudential Designated Systemically Risky, Subject to Federal Reserve Oversight Insurer Prudential Financial Inc. said on Thursday that U.S. regulators had voted to designate the company as systemically risky, bringing ... PCS Shows How Cat Loss Estimates are Made, and Why They're Important The Property Claims Services (PCS) unit of Verisk Insurance Solutions could be described as the ultimate end product of risk modeling. AIR ... JLT to Acquire Towers Watson Reinsurance Brokerage Unit, Expand Into U.S. UK-based broker Jardine Lloyd Thompson (JLT) said it is acquiring the reinsurance brokerage business of New York-based Towers Watson for ... Alterna Enters MPL Space Through Captive, RRG Management Services Alterna has entered into the alternative risk marketplace, specifically focusing on providing medical professional liability services for ... Product Recall Capacity Needed for Life Sciences Segment The life sciences industry has seen a dramatic increase in product recalls, and while insurance capacity for the life sciences industry in... FSB's Report Misses the Mark: PCI Executive Perspective In the United States, football season has just arrived. In Europe, football season has been underway since August. While... More National News East Connecticut's Health Care Exchange Identifying Thousands of Potential Customers The chief marketing officer for Connecticut's health care exchange says thousands of people are being identified as potential customers for ... New Jersey High Court Upholds Reliability of Alcotest New Jersey's Supreme Court has rejected a challenge to the breath test used in drunken driving cases. Wednesday's order by the court ... Connecticut Lawmaker Calls for More Privacy for Victims The horrifying video remains online for anyone to see: surveillance camera footage of 78-year-old Angel Arces Torres getting struck by a ... New Jersey Cardiologist Accused of Fraudulent Billing A New Jersey cardiologist stands accused of stealing more than $52,000 by billing insurance companies for services that allegedly were ... Online Insurance Agency Consumer United Names President of Operations in Boston Consumer United, a Boston-based online insurance agency and insurance exchange facility, announced the hiring of Joshua Levine as president ... More East News Midwest Miller Joins Hylant as Energy & Polymers Practice Leader Privately owned insurance brokerage Hylant, headquartered in Ohio, announced that industry veteran Jeff Miller has joined the company as ... New Rules for Civil Settlement in Illinois: What Defendants and Insurers Need to Know On August 26, 2013, Gov. Quinn signed into law Public Act 098-0548, which amends the Illinois Code of Civil Procedure, and creates a new ... Worker Finger Amputation Leads to $137K in Fines for Missouri Glass Plant Piramal Glass USA Inc. has been cited by the U.S. Department of Labor's Occupational Safety and Health Administration for 21 safety and ... More Midwest News Southeast Mississippi Insurance Chief Wants to Sue to Stop Flood Insurance Rate Hikes Mississippi Insurance Commissioner Mike Chaney is prepared to sue the federal government to stop the flood insurance rate hikes triggered ... Greyhound Seeks Dismissal of Mississippi Accident Suit A federal judge has scheduled a hearing next week on Greyhound Bus Lines Inc.'s motion to throw out a lawsuit related to a 2008 accident in ... Mississippi City Employee Sentenced for Fraudulent Deer Accident Claim A former code enforcement officer in Natchez has been sentenced to two years' probation for insurance fraud. The Natchez Democrat reported ... More Southeast News South Central Oklahoma Lawmakers Challenge New Workers' Comp Law Two Oklahoma lawmakers and a firefighters' organization are challenging the constitutionality of Oklahoma's new workers' compensation law. ... IMA Names Broz President, Maley Executive VP in Dallas Office Retail insurance broker, IMA Inc. has added Rob Broz as its new president in Dallas and Kathie Maley as executive vice president. Broz ... Texas Governor, State Senator Square Off on Health Exchange Navigator Rules Texas' top insurance regulator has found herself in the midst of a battle over rules that govern those who will provide information to ... More South Central News West Opinion: Insurance Industry Changes to Follow Wicked Colorado Weather As the sun peaked out of the normally bright blue Colorado sky, homeowners and businesses began to assess the damage done by the 100-year ... California Regulators OK On-Demand Ridesharing, With Conditions On-demand ride services got the green light from California regulators on Thursday in a move the services hope will help clarify their ... Heartbreak For Some In Colorado With No Flood Policy Jessica Klauzer-Zimmerman and her children have been sleeping on friends' couches since floodwaters sloshed into her Boulder townhouse - ... Idaho Gun Show Canceled Due to Insurance Requirements Members of a southwestern Idaho gun club may have to end a decades-long tradition of gun shows because Ada County raised its insurance ... Vertafore Names Lintner President and CEO in Washington Bothell, Wash.-based Vertafore has named Alex Lintner president and CEO. Linter will be joining Vertafore on Oct. 7, and he will also be ... More West News International Typhoon Usagi Heads Toward Taiwan and China: AIR Worldwide AIR Worldwide's latest report on Typhoon Usagi describes a "Category 3 storm with maximum sustained winds of 204 km/h [127.5 mph]." It is ... RBS Seeks to Raise as Much as $1 Billion from Direct Line Stake Royal Bank of Scotland Group Plc is seeking as much as £630 million ($1.009 billion) from its third sale of a stake in Direct Line ... Magnitude 5.8 Earthquake Hits Japan's Fukushima Prefecture-Kyodo An earthquake with a preliminary magnitude of 5.8 struck Fukushima Prefecture in Japan early Friday morning, Kyodo reported, quoting the ... Swiss Re Opens French Operation for Hull and Cargo Coverage Swiss Re Corporate Solutions announced the expansion of its Marine insurance presence in Continental Europe through the formation of a ... Best Affirms Ratings of Aspen Insurance and Subs Ratings A.M. Best Europe - Rating Services Limited has affirmed the financial strength rating of 'A' (Excellent) and the issuer credit ratings ... More International News Insurance Journal Blogs Check Out the 10 Dysfunctions of an Insurance Agency This post is part of a series on insurance marketing and training sponsored by Astonish. Resisting change, lack of training, wrong people ... More Blogs Join the Insurance Journal Network Insurance Journal TV Swiss Re's Chief Economist Sees GDP Growth Swiss Re's chief economist Kurt Karl sees some light at the end of the tunnel for the world's... Watch Now California Assemblyman Mixes Insurance and Politics Assemblyman Ken Cooley, D-Rancho Cordova, started his insurance career in the 1970s working on... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Selling Non-Standard P&C Book of Business & Agency Texas Posted: Thu Sep 19 -- When I was ready to sell my agencies in Texas back in 2006 I first contacted my attorney, then a broker, then when an acceptable offer came... AnMarieB Niche Market Posted: Thu Sep 19 -- Gas stations are not big revenue generators on one station. But, each one you write is a referral to get you into the next one, and a lot of... e-bit Advice needed from seasoned producers Posted: Thu Sep 19 -- If you go with a smaller local agency that is experienced in the type of accounts you want to write you'll be much better off. You'll get a... e-bit Certificates of Insurance ??? Posted: Thu Sep 19 -- A certificate of insurance means nothing except what is read into it. Always attach the supporting endorsements as they show the exact cover... e-bit California Work Comp Class Code detail Posted: Thu Sep 19 -- From one of the carriers: 9008: Janitorial Services - By Contractors 9009: Building Operation - Commercial Properties - All Other... wariline Parachute Rigger Insurance Posted: Wed Sep 18 -- These class should be no problem as long as the insured is also warehousing fireworks and asbestos. yoyowordup Will Insurance Co pay existing claim after cancelling? Posted: Wed Sep 18 -- I don't usually make the effort to pile on, but in this case I just can't resist. So, Itchibahn, for the past decade, you've presumably... d's insurance store Markets for HOA's Posted: Wed Sep 18 -- I haven't seen CIG through any wholesalers. We have a direct appointment. We place our condo buildings with... ABMCalifornia Non-for-profit Volunteer Coverge Posted: Tue Sep 17 -- I think that if a person is a volunteer, they are clearly volunteering their time. Additionally, they are also volunteering their... Producer #1 Go to Forums Reader Comments Employers Making Benefit Changes Under Cover of Obamacare Posted: Thu Sep 19 -- Ah, the law of unintended consequences, a law not taught to those on the left or in their schools. I have a friend, voted for Obama, cheered... Dave Houston Insurance Agent Sentenced to 10 Years in Prison Posted: Fri Sep 13 -- 10 years for causing about $500,000 in economic damages? What I say next is not meant to minimize the severity of his crime nor the need for... UW Ex-Republican Crist Expected to Run For Governor in Florida as Democrat Posted: Tue Sep 17 -- Charlie is a man of principle. He was a Republican. Then an independent's independent, then an independent who would caucus with the... Hillsborough Agent Obama Administration Bashes Florida for Blocking Health Insurance Navigators Posted: Fri Sep 13 -- Kevin L, Not at all what I'm saying. But, what happened to the days when a CEO made 30 times that of his/her assistant? I'll tell you what... Captain Planet Vermont Court to Reconsider Case of Borrowed Keys in Fatal Car Crash Posted: Mon Sep 16 -- I hope I read it correctly- the deceased man is the barred driver who had no permission? At least he didn't take anyone else with him. insurance mom Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue September 9, 2013 Top Workers' Comp Writers; Intellectual Property: Copyright, Trademark, Patent & Cyber / Media Liability; Residential Contractors 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 Outside Marketing Representative - WC Insurance Outside Marketing Representative - WC Insurance Account Manager/CSR Compliance Officer - WC Insurance 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. 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