Daily Headlines: Thursday, September 26, 2013

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September 26, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National MetLife: Lack of Car, Home Insurance Sales 'Ridiculous' MetLife Inc., the largest U.S. life insurer, is pushing agents to sell more car and residential coverage after the head of the company's ... Price Drives Auto Insurance Customer Satisfaction, Shopping Around: J.D. Power Rate increases are driving more customers to obtain competitive price quotes, while satisfaction with the buying experience is trending ... Snowden Leaks, NSA Activities Complicate Push for Cybersecurity Law Senior U.S. officials on Wednesday sought to mend fences with the technology industry as they renewed their pleas for legislation to ... Moody's: Moderate Reserve Releases in U.S. P/C Industry to Continue U.S. property and casualty (P/C) insurers continue to release reserves to support earnings, said Moody's Investors Service in two recent ... Arch Insurance Group's Contract Binding Operations Launch Excess Liability Capacity Arch Insurance Group, a subsidiary of Arch Capital Group Ltd., has increased limits of up to $5 million on its general liability coverage ... Webinar: 75% of U.S. Workers Say Employer Unprepared for Disaster Driving home the notion that most U.S. employees believe their employers aren't prepared for a disaster or a major crisis may be one of the ... Agents Who Understand Customers' Businesses Boost Commercial Insurers: J.D. Power Small commercial lines insurance customers most value having an insurance agent or broker who completely understands their individual... Berkshire Seen as Just One More Competitor to E&S Execs Despite Berkshire-Hathaway's entrance into specialty insurance business, standard markets are still the players most... More National News East N.J. Gov. Christie Signs Order to Quicken Dune Construction at Beaches New Jersey Governor Chris Christie signed an executive order to speed the construction of sand dunes to protect its coast from storms over ... Maine Officials Warn Consumers About Scammers Using Health Reform Law Maine's Insurance Superintendent Eric Cioppa and Gov. Paul R. LePage are warning the public about scams related to the federal health ... Erie Insurance Arena Reopens After $47M Renovation in Downtown Erie, Penn. Erie Insurance Arena is drawing rave reviews after reopening following a $47 million renovation that includes more seats, luxury boxes, ... Ex-CEO of NYC Charity Allegedly Conspired to Inflate Insurance Rates Paid by Group The former CEO of a prominent New York City charity who apologized for what he called ``mistakes" when he was fired last month has been ... More East News Midwest North Dakota Commissioner Invites Insurance Agents to Department Forums Insurance Commissioner Adam Hamm is inviting North Dakota's insurance agents to attend the insurance department's annual agent forums, ... Ex-Iowa Insurance Agent Pleads Guilty in Mail Fraud Case A Marshalltown, Iowa, insurance agent accused of selling customers fake insurance policies has pleaded guilty to a charge of wire fraud in ... MNsure Employee in Security Breach Terminated The employee of Minnesota's health insurance exchange who released private data on about 1,600 insurance agents no longer works for the ... More Midwest News Southeast Flood Insurance 'Sticker Shock' Hits Floridians with New, Secondary Homes When Colin and Joyce Elston bought their Florida dream home in May, they were confident they could afford the three-bedroom, two-bathroom ... Georgia Studies Moving Malpractice Claims from Court to Review Panel A panel of state lawmakers is studying a Senate bill that would overhaul Georgia's medical malpractice system, with groups such as the ... More Southeast News South Central Louisiana Commissioner: Citizens Insurance Policy Count at New Low Louisiana Insurance Commissioner Jim Donelon says the state-run insurer of last resort has its lowest number of customers since Hurricane ... Lawsuit: Pollution from Louisiana Fire Making Residents Sick About a dozen Slaughter, La., residents allege respiratory problems and diminished property values in a lawsuit filed in the wake of the ... Swift Joins Higginbotham/Swantner & Gordon as Marketing Manager Phil Swift has accepted a position as marketing manager at the Houston office of Swantner & Gordon Insurance Agency, an independent ... Former Jefferson Parish Administrator, Agency Owner Agrees to $10K Ethics Fine Tim Whitmer, the former Jefferson Parish, Louisiana administrator whose private insurance work led to a corruption scandal that toppled ... More South Central News West Rix Rejoins Marsh in Oregon David Rix will rejoin Marsh as head of its Portland, Ore. office. The move is effective on Oct. 7. Rix will be responsible for the overall ... Idaho Fly Shop Owner Gets Jail Time On Workers' Comp Law A state judge has ordered a Coeur d'Alene, Idaho fly shop owner to serve five days in jail for violating a court order stemming from ... Salt Lake City-Based MGIS Expands into Utah Market The MGIS Companies, Inc. (MGIS) and Freedom Specialty, a Nationwide Insurance company, have entered the Utah medical malpractice insurance ... More West News International Lloyd's Posts $2.215 Billion 1st 6 Months Profit; Investment Returns Down Lloyd's announced a profit of £1.38 billion [$2.215 billion] for the six-month period ending 30 June 2013. "The market continued to grow ... Cooper Gay Swett & Crawford's CEO Toby Esser on its Global Business Toby Esser is a truly global executive. As the CEO of Cooper Gay Swett & Crawford (CGSC), he coordinates the broker's far flung operations ... Lagarde Says IMF Work Can Contribute to Environmental Change The International Monetary Fund can play a role in protecting the planet from environmental damage, IMF head Christine Lagarde said on ... Xchanging Launches New wifi service for London Insurance Market Xchanging, the business process, procurement and technology services provider, has launched a free wifi service for the London Underwriting ... 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 Non-for-profit Volunteer Coverge Posted: Wed Sep 25 -- $20k Med Pay is great until they get into an auto accident. I'd much rather have volunteers covered under the work comp policy. yoyowordup 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 Selling Non-Standard P&C Book of Business & Agency Texas Posted: Fri Sep 20 -- The key to maximizing the outcome is to seek a team of skilled advisors, prepare for the sale, discretely market the agency to the most... AgencyBrokerage Need W/C Market - (Ca.) Med. Marijuana Dispensary w/lapse Posted: Fri Sep 20 -- Hello, we've been looking around for a Workers Comp. market for about a week with no luck and hoping someone here has an idea. It's a... PaulN 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 Go to Forums Reader Comments Travelers Launching Low Cost, Segmented Product in New Personal Auto Strategy Posted: Mon Sep 23 -- Isn't it amazing that they managed to cough up $1.2 Billion to buy the Canadian company after they laid off the employees? They treat their... Agent Average Obamacare Premiums Will Be Lower Than Projected Posted: Wed Sep 25 -- No, no, no, say it isn't so! Celtica Idaho Gun Show Canceled Due to Insurance Requirements Posted: Fri Sep 20 -- The prior incident referred to was a totally different group. FYI, no loaded weapons are allowed in the show and all guns are check prior to... Fred Guy Carpenter Says Global Warming a Reality - Citing IPCC Report Posted: Thu Sep 19 -- Hmmmm. The Green Weenies at the BBC said the arctic would be free of ice by 2013. There has been an increase in the ice cap of over... Water Bug No Penalty for Employers Not Telling Employees About Obamacare Posted: Thu Sep 19 -- Hey Planet, you should read the new article in Forbes Magazine titled: 7 ways to Fix Obamacare. You have complained in the past that... 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