Daily Headlines: Monday, September 30, 2013

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September 30, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National If It Happens: Federal Government Shutdown Effect on Insurance Industry If Congress fails to agree by midnight tonight on a resolution to continue funding the federal government, the property/casualty insurance ... Insurers' Private Firefighters Give Wealthy Homeowners Extra Protection Bill Potter wasn't eager to abandon his high-end house last month during evacuations forced by a massive Idaho wildfire, but he felt ... Rep. Waters, Author of Flood Reform Act, Calls for Delay in Implementation A Congresswomen whose name adorns the now-controversial federal flood insurance reform bill passed in 2012 says she wants the law changed ... Federal Trade Commission Moves Closer to 'Patent Troll' Study The U.S. Federal Trade Commission on Friday took another step toward a comprehensive study of "patent trolls" - companies in the business ... 'Rear View Mirror' Political Risk Management No Longer Works: Marsh In an age of social media, simply looking at what has happened in the past no longer works to forecast what political events lie ahead in ... New Hampshire's Minkler New Chairman of Big 'I' New Hampshire independent agent Thomas J. Minkler has been inaugurated as the new chairman of the Independent Insurance Agents & Brokers of ... LIU Launches Product Recall Policy for Packagers, Co-Packers Liberty International Underwriters (LIU), part of Liberty Mutual Insurance, has launched LIU Packagers Protection, a new LIU product recall ... J.D. Power: Personal Lines Agents Missing out on Opportunities in Renters Segment Insurance agents who only focus on homeowners insurance customers are missing a golden opportunity to build long-term relationships with ... Insurance Law, Regulation - Jim Wrynn's Experience Covers It All James J. Wrynn, Esq. served as New York's Superintendent of Insurance from 2009 to 2012, when he joined the law firm of Goldberg Segalla ... 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... Predictive Analytics: Bringing Price Elasticity Concepts to P/C Insurance The concept of price elasticity of demand has not received enough attention in the world of property/casualty insurance.... More National News East New York to Compensate Storm Victims for NFIP's 'Earth Movement' Exclusion New York will use part of its share of billions of dollars in federal Superstorm Sandy aid to ``fully compensate" storm victims who had ... Flood Insurance Premiums Rising Along New Jersey Coast Hundreds of New Jersey flood insurance policyholders will soon be facing higher premiums spurred by sweeping changes to the federal law ... South Jersey Boardwalks' Unique Aspects Challenge Firefighters Squeezing a bunch of structures together along a street made of wood is probably not the way to go when building a fire-resistant ... Connecticut Urges Sandy Victims to Apply for Relief Connecticut's governor is pointing small businesses affected by Superstorm Sandy to a state website designed to streamline the process of ... More East News Midwest Ohio Work Comp Bureau Awards More Than $258K to Support Workplace Safety Ohio Bureau of Workers' Compensation (BWC) has awarded more than $258,000 in safety intervention grants, split among nine employers. "We ... North Dakota Oil Patch Town Wants Speed Limit Reduced Residents of a small town in the middle of the North Dakota oil patch say they're sick of semitrailers barreling past their homes and want ... Higher Speed Limits Take Effect on Some Ohio Roads The speed limit has increased on some parts of U.S. and state routes throughout Ohio. The changes took effect Sept. 29 on more than 600 ... More Midwest News Southeast West Virginia Supreme Court Judge Hits Ruling on Massey West Virginia Supreme Court Justice Robin Davis criticized her colleagues in a dissenting opinion Friday for refusing to let institutional ... Alabama Widow Awarded $850,000 in Husband's Death from Medication Error A jury in eastern Alabama has awarded a widow $850,000 after her husband was given three times his normal dosage of medication and died ... Group Sues to Block Tennessse Rules on Health Navigators A health care advocacy group is suing to halt emergency rules enacted in Tennessee to require background checks for people giving advice on ... Mississippi Insurance Chief Sues to Halt Flood Insurance Rate Hikes The Mississippi Department of Insurance has filed a lawsuit against the federal government to try to block rates from increasing Oct. 1 in ... More Southeast News South Central OSHA Levies $175K in Fines in Fatal Arkansas Crane Accident A federal safety agency has levied $175,000 in fines against a crane company, Entergy and other firms over a fatal crane accident at ... MarketScout Expands Workers' Comp Specialty Division MarketScout, the national electronic insurance exchange and specialty MGA headquartered in Dallas, Texas, announced staff promotions ... Oklahoma Safety Checkpoint Nets 17 Citations for Driving Without Insurance Members of the Oklahoma Insurance Department's Anti-Fraud Unit and deputies with the Tulsa County Sheriff's Office recently wrote 17 ... More South Central News West Montana Man Sentenced For Workers' Comp Fraud A 76-year-old Havre, Mont. man has been ordered to pay nearly $84,000 in restitution in a workers' compensation fraud case. The U.S. ... Disaster Declaration For New Mexico's Santa Clara Pueblo President Barack Obama has signed a disaster declaration for New Mexico's Santa Clara Pueblo. Friday's move frees up federal aid to ... Wrongful Death Suit Filed Against Colorado Bar After Triple-Fatal Crash The parents of a 16-year-old Carbondale girl who was killed in a car crash have filed a wrongful death lawsuit against a Glenwood Springs ... LAPD Chief Beck Rescinds Car Impound Policy Los Angeles Police Chief Charlie Beck has rescinded the department's controversial car impound policy that made it easier for unlicensed ... AmTrust to Acquire The Insco Dico Group in California AmTrust Financial Services Inc. has entered into a definitive agreement to acquire The Insco Dico Group for roughly $85 million, $7 million ... More West News International FERMA Forum Opens with Solvency II Analysis from Karel Van Hulle The bi-annual Risk Management Forum of the Federation of European Risk Management Associations (FERMA) kicked off with a reception on ... FERMA Releases Positions on Captives, Niche Companies and Solvency II The Federation of European Risk Management Associations (FERMA) released a bulletin detailing the organization's position on how captives ... Attorney Jeff Kingsley on 'Post Event' Regulatory Changes, Cyber Liability Jeff Kingsley, a partner in the law firm of Goldberg Segalla, specializes in the emerging and highly complex field of cyber liability and ... Industry Pioneer Stephen Catlin on Insurance and Environmental Concerns Stephen J.O. Catlin has led the company/group that bears his name since 1984. He's seen it grow into the biggest syndicate at Lloyd's with ... More International News Join the Insurance Journal Network Insurance Journal TV Insurance Law, Regulation - Jim Wrynn Brings his Experience to the Private Sector James J Wrynn, Esq. served as New York's Superintendent of Insurance from 2009 to 2012, when... Watch Now 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 Watch more videos at InsuranceJournal.tv New Discussions in the Forums My CPCU journey - almost finished..... Posted: Mon Sep 30 -- Margo - check out the Institutes website. They have a chart that shows what designations will give you credit. I know that by having my CLU... bjwestner Travelers reducing commissions Posted: Sun Sep 29 -- So, are all the agents that represent Travelers thrilled with the new, lower commission schedule on the new auto product? Are all of you... lonestar Feedback - Good, Bad, Ugly on the following Aggregators/GAs Posted: Thu Sep 26 -- I looked at Smartchoice. They said they would hook me up with a bunch of carriers. So they have MET Life call me & Before I realize it I'm... ZappMan What is your biggest pain as an agent? Posted: Thu Sep 26 -- The DNC List! I hate that thing. You can't call anyone anymore it seems like. The only thing worse that that is Voice Mail. ZappMan California Work Comp Class Code detail Posted: Thu Sep 26 -- It is very easy to find the classes and codes... FurriePrincess Non-for-profit Volunteer Coverge Posted: Thu Sep 26 -- PB1 has it right. Volunteer accident coverage is less expensive than WC (when you can get it) and more readily available. GL policies should... CH@Ins4nonprofits Peer-2-Peer Musical Instrument Rental Insurance (SV Startup) Posted: Thu Sep 26 -- Hello everyone, I'd like to inquire about insurance for our business: We're a peer-to-peer internet startup based in San Jose, CA. Our... tobytobitobe Agency Management System Posted: Wed Sep 25 -- Hello, A lot of good info here. I checked out the following... ZappMan Information on Clusters Posted: Tue Sep 24 -- If you've written $1,000,000 in premium in 4 months, why can't you just get your own contracts? yoyowordup Go to Forums Reader Comments Global Warming Slows as Fossil Fuel Emissions Rise to Record Posted: Fri Sep 27 -- I love this comment. "The lower pace of warming in recent years may be explained by natural phenomena including volcanic eruptions, a... Baxtor Idaho Gun Show Canceled Due to Insurance Requirements Posted: Tue Sep 24 -- Well, if Fred says it was a totally different group, then it was a totally differnet group. FYI, Fred, gun shows have guns in there...AND... insurance is fun! Travelers Launching Low Cost, Segmented Product in New Personal Auto Strategy Posted: Mon Sep 23 -- Travelers has always been known as wanting the cream of the crop business with high credit scores, no violations etc. I don't think they... Agent Louisiana State Treasurer Suggests State-Run Flood Insurance Plan Posted: Fri Sep 27 -- There is a way to help subsidize flood rates. The Federal government could require every home owners policy cover flood. Like stated, flood... Baxtor FEMA Chief Disappoints Senators, Says He Can't Delay Flood Insurance Rates Posted: Wed Sep 25 -- Then why not the following: if people can not afford to pay medical insurance then they simply can not afford to receive medical help. But... 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