Daily Headlines: Monday, September 16, 2013

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September 16, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Greenberg Cautions on Quick Fed Pullback; Prefers Yellen Over Summers Maurice "Hank" Greenberg, former head of American International Group Inc., said the Federal Reserve could disrupt financial markets by ... Violent, Property Crimes Decreased in 2012: FBI The FBI estimates that in 2012, the number of violent crimes increased 0.7 percent while property crimes decreased 0.9 percent, the tenth ... Allstate Says Usage-Based Insurance Delivering Savings to 7 Out of 10 Allstate reports that drivers that are signed up for its usage-based insurance program, Drivewise, will register more than one billion ... Federal Disaster Aid Topped $60B Over Two Years Before Sandy The U.S. government spent nearly $62 billion on disaster relief in the two-year period ending Sept. 30, 2012, to help Americans recover ... The Fight for Policy Ownership There are times when what agents don't know can hurt them. And this is one of them. I refer to the all-too-often overlooked, and recently ... Berkley Underwriting Partners Changes Name to Berkley Program Specialists Berkley Underwriting Partners, a W. R. Berkley company, has changed its name to Berkley Program Specialists. The company said the change ... Freedom Specialty Insurance Enters Surety Market, Hires Albanese as VP Freedom Specialty, with the backing of Nationwide Insurance, has expanded into the surety segment and named Antonio C. Albanese vice ... 10 Things to Know About Insuring Condominiums 1. To adequately insure one's condo apartment, it is important to review the condo association's bylaws and proprietary lease to find... XL's Seraina Maag: Building a Culture of Collaboration "Work-Outs" and "Rapid Results Initiatives" are now a natural part of the language of the U.S. insurance professionals... More National News East N.J. Gov. Christie Plans $15M in Aid After Seaside Boardwalk Fire New Jersey Gov. Chris Christie pledged $15 million in state aid on Sept. 14 for businesses damaged by a massive boardwalk fire in a shore ... For Small Companies in New York, Health Care Law Raises Questions Restaurant owners Colleen and Tim Holmes were considering opening a third business in a growing upstate New York suburb but decided against ... Flooded N.J. Homeowners in Limbo Awaiting Buyout Offers An appraiser sent by the state recently assessed the value of Bob and Pat Smith's house, nearly a year after floodwaters from Superstorm ... Vermont Court to Reconsider Case of Borrowed Keys in Fatal Car Crash It's back to the trial court for a Vermont case in which a woman lent her car keys to a man, who then gave them to the woman's boyfriend, ... More East News Midwest Judge Upholds Univ. of Wisconsin Doctor Malpractice Cap A Dane County judge has upheld a $250,000 malpractice cap for University of Wisconsin-Madison doctors. The case involves a Verona woman who ... MNsure Employee's Email Breaches Security Two reviews are planned of MNsure, the state's new online health insurance exchange, after an employee accidentally distributed ... Milwaukee Archdiocese Seeks Insurance Settlements in Abuse Cases The Archdiocese of Milwaukee may be poised for a settlement with its insurance companies that could fast-track a resolution of its ... More Midwest News Southeast West Virginia Supreme Court Upholds Dismissal of Massey Investor Suit The state Supreme Court has denied a bid by institutional shareholders in the former Massey Energy Co. to revive a lawsuit they filed two ... Security First to Lower Florida Homeowners Insurance Rates Security First Insurance, one of Florida's largest private property insurance companies,  has told state regulators that it is going to ... Florida's Citizens Names Montero as CFO, Rollins as Chief Risk Officer Citizens Property Insurance Corp. has filled a pair of key positions. Jennifer Montero will become Citizens chief financial officer. ... More Southeast News South Central Louisiana Citizens Lowering Commercial Property Rates The state-run property insurer of last resort in Louisiana plans to lower commercial rates. The Advocate reports the bulk of those cuts ... U.S. Risk names Reed Senior Broker in Dallas Managing general agency and surplus lines wholesaler, U.S. Risk Insurance Group Inc., has named Jennie Reed senior broker of the Dallas ... Harrington Joins IRMI as VP of Marketing, Sales The International Risk Management Institute Inc. (IRMI), based in Dallas, Texas, has appointed Lisa H. Harrington as vice president of ... Texas Windstorm Insurance Rates to Rise Again in January The board of Texas insurer of last resort for wind and hail along the Texas coast voted at its August meeting to raise premium rates ... More South Central News West Bill Would Create California Quake Warning System The California Legislature has approved a bill that would require the development of an earthquake early-warning system similar to what ... New Mexico Cleans Up After Widespread Flooding Flood waters broke through dams, inundated neighborhoods and killed at least one person, leaving New Mexico residents with a major cleanup ... California Immigrants May Flag Status to Get Driver's License To get the driver's licenses they've long sought, immigrants living in California illegally will have to do something many have long ... Central California Hospital Fights Lawsuit Over Patient Death A Clovis, Calif. hospital and doctor are defending themselves against a lawsuit filed by the family of a woman who bled to death after a ... After Suggested Workers' Comp Rate Hike California Employers Hope Reform Kicks In The reaction from an employers' group to a suggested hike in California's advisory workers' compensation rates of nearly 7 percent was - ... More West News International Hurricane Ingrid Nears Mexico as Manuel Dissipates Over Land Hurricane Ingrid, bearing down on eastern Mexico as Tropical Depression Manuel dissipated over west-central areas, will probably make ... Costa Concordia Righting Started in $800 Million Salvage An unprecedented operation to right the Costa Concordia began today off the Italian island of Giglio, where the cruise liner has been lying ... Zurich Ad Campaign Seeks to Restore Insurer to Normality By rolling out television, print and billboard marketing campaigns on Monday, Zurich Insurance is aiming to advertise business as usual ... Video Interviews - Coming to Your Screen - a Sneak Preview Over the next several weeks we will be releasing a series of video interviews, recorded at the Reinsurance Rendez-vous in Monte Carlo. They ... Thousands Evacuated in Japan as Typhoon Man-Yi Brings Floods Hundreds of thousands of people were advised or ordered to evacuate in Japan as Typhoon Man-Yi brought flooding, power blackouts and flight ... 2013 BrokersLink Conference to Focus on Partnerships, Technology BrokersLink, one of the world's largest independent insurance broker networks, whose members manage premium volumes in excess of $14 ... Aon Benfield Launches its 13th Hazards Conference in Australia Next Week Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc is hosting its 13th Biennial Hazards Conference in ... More International News 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 Will Insurance Co pay existing claim after cancelling? Posted: Mon Sep 16 -- Had business insurance for years. Then three weeks ago, we had a fire that destroyed the building and contents. All of sudden, within two... itchibahn Selling Non-Standard P&C Book of Business & Agency Texas Posted: Mon Sep 16 -- Did I say something wrong.... It is hard to believe no one knows anything. I really would appreciate your assistance & wisdom. SmilingAgent Anyone worked with Consolidated Agency Partners? Posted: Fri Sep 13 -- Never depend on a cluster for wholesaling. We're a CA based wholesale aggregator that can access literally every meaningful surplus lines... mightyquinn CA_International Retention BOND Posted: Fri Sep 13 -- Thanks, ZDog. As you may know SAB (South Africa Brewery) owns: Miller, Tip one for me.......... Miguelito Travelers reducing commissions Posted: Fri Sep 13 -- And to add insult to injury, Travelers will still be paying 20% or more commission to the large aggregators such as SIAA and Smart Choice... lonestar Work Comp for Retail E-Cig/Vapor Shops Posted: Thu Sep 12 -- State Fund ? californiadude Certificates of Insurance ??? Posted: Thu Sep 12 -- Send out the forms, put the burden on the Cert Holder to raise the questions. Not sending out the forms lets the Cert Holder interpret that... californiadude Credit Card Processing Posted: Wed Sep 11 -- I hear Square is a really easy merchant to use. You can use it online, over the phone, and even on tablets. The amount they charge varies... ABMCalifornia Go to Forums Reader Comments Poll Finds Skepticism But Suggests Healthy Young Adults May Keep Obamacare Afloat Posted: Tue Sep 10 -- Encouraging news. I am optimistic! Libby Quiet 2013 Hurricane Season a 'Head Scratcher' for Embarrassed Forecasters Posted: Mon Sep 9 -- Thanks for jinxing us Insurance Journal! SFLLauren Critics Say Taxpayers' $14B Guarantees Profit for Crop Insurers Posted: Wed Sep 11 -- Boy, Greenburg sure doesn't mind biting the hand that feeds him. Isn't he suing the U.S. Government? What a piece of work. Libby 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 Start-Up Health Insurance Co-Ops Vow to Compete with Commercial Insurers Posted: Fri Sep 13 -- FFA, what could possibly go wrong with this scheme? I have in the past seen agents/brokers start up with Group Plans cutting rates in half,... Agent 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 Account Manager - Commercial Lines Claims Representative Commercial Lines P&C Producer Personal Insurance Customer Service Representative 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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