Daily Headlines: Tuesday, September 17, 2013

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September 17, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Hacker Group in China Linked to Cyberattacks Against U.S. Firms: Symantec Computer security experts have discovered a group of highly sophisticated computer hackers operating for hire, a U.S computer security firm ... The Top Risks Americans Face in Their Everyday Lives: Travelers Index Sixty-three percent of Americans believe their world is becoming a riskier place, while only 15 percent feel it is less risky. Americans' ... How Investors View Obamacare Enrollment Investors expect 4 million Americans to initially enroll in the state insurance marketplaces created under President Barack Obama's ... Seven Straight Years of Reserve Releases: Fitch Property/casualty industry prior-year loss reserves have developed favorably for seven straight calendar years, according to a report from ... Hudson, C&F Shift D&O and E&O Business Hudson Insurance Group and Crum & Forster, both owned by Fairfax Financial Holdings Ltd., announced a strategic realignment of their ... D&O Lawsuits by FDIC on Record-Setting Pace: Cornerstone Research This year's Federal Deposit Insurance Corp. (FDIC) litigation over failed financial institutions is already exceeding that of the previous ... MarketScout Plans Expansion of Commercial Program Underwriting Practice MarketScout, the national electronic insurance exchange and specialty MGA headquartered in Dallas, Texas, has expanded its commercial ... 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... 'Fish 'n' Shoes' Thinking and the Disruptive Power of 'Just One Change' I intended to write this article about a passion of mine: algorithmic-based predictive modeling variances in global... More National News East New Jersey to Use Sandy Fund for Boardwalk Fire Cleanup New Jersey will use Superstorm Sandy-recovery money to pay for debris removal at the scene of last week's boardwalk fire in Seaside Park ... Ryan Specialty Group Announces Merger of S.H. Smith & Co. Into R-T Specialty Ryan Specialty Group LLC today announced that it reached agreement to merge S.H. Smith & Company Inc. into R-T Specialty LLC, the wholesale ... Karen Clark & Co. Report Looks Back at New England Hurricane of 1938 Karen Clark & Company, independent experts in catastrophe risk, catastrophe models and catastrophe risk management, issued a report, in ... More East News Midwest J.M. Wilson Promotes One, Adds One to Underwriting Team Managing general agency, J.M. Wilson, announced one promotion and one new hire in the Midwest. Amanda Montgomery has been promoted to ... $1.2M Deal Approved in Lawsuit over Michigan Jail Death A $1.2 million deal in a federal lawsuit over the alcohol-withdrawal death of a woman who was in custody at the Lenawee County jail in ... Insurance not an Easy Sell for Laptop Computers in South Dakota Schools Fewer than a quarter of the parents of children in the Sioux Falls, S.D., school district who have received laptop computers have bought ... Missouri Lawmakers Add Limits on Liability Lawsuits Missouri lawmakers have chipped away at the ability of injury victims to win money in court cases - nixing big-dollar judgments in some ... More Midwest News Southeast Ex-Republican Crist Expected to Run For Governor in Florida as Democrat Charlie Crist hopes that the hug that hurt him becomes the hug that now heals him. Democratic President Barack Obama embraced Crist, then ... AP Report Claims More Than 100 Kentucky Bridges At Risk More than 100 Kentucky bridges have advanced deterioration and are at risk of collapsing, federal records show, and the head of the state's ... Officials Defend Safety of West Virginia Bridges After AP Report State highway officials say West Virginia's bridges are safe despite dozens that are both in disrepair and at risk of collapse if hit hard ... More Southeast News South Central Texas A&M: Lessons We Learned From Hurricane Ike Sept. 13 marked the fifth anniversary of the landfall of Hurricane Ike on the Texas coast. Despite its Category 2 ranking when it hit, Ike ... Arkansas: 156 Bridges Deficient, Fracture Critical Twenty state-owned bridges that carry upward of 100,000 vehicles daily are among 156 Arkansas spans that inspectors consider both ... New Deputy Commissioners Appointed at Texas Department of Insurance The Texas Department of Insurance announced that selections have been made for two agency deputy commissioner positions. Mark Einfalt will ... More South Central News West Flood Weary New Mexico Keeps Eyes On Rivers, Dams Forecasters says there's a potential for flash flooding and river flooding as more rainfall is expected across much of northern and central ... Flooding Another 'Unprecedented' Event for Colorado Another disaster plaguing the state, widespread flooding in Colorado is being viewed as an "unprecedented" event in which losses will take ... 2.7 Percent Workers' Comp Hike Sought For Washington In 2014 The Department of Labor & Industries has proposed an average 2.7 percent rate increase for 2014 workers' compensation premiums. Over the ... More West News International Wrecked Cruise Ship Costa Concordia Raised off Rocks in Italy Salvage crews completed raising the wreck of the Costa Concordia in the early hours of Tuesday morning after a 19-hour-long operation on ... IUMI Warns Cargo Underwriters over West African Piracy Delegates attending the annual conference of International Union of Marine Insurance (IUMI) in London were told that "insurers, ship owners ... S&P Report Says Global Multiline Insurers in Good Shape A report from Standard & Poor's Ratings Services says that overall, "it considers global multiline insurers (GMIs) to still display better ... ANV in Strategic Deal with Ryan Specialty for Lloyd's Managing Agency Jubilee ANV Holdings BV, the Dutch-headquartered specialty insurance business founded by CEO R. Matthew Fairfield, and Ryan Specialty Group, LLC ... 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 Niche Market Posted: Tue Sep 17 -- I'm commerical lines producer looking into selling to Niche Market's. I was thinking about gas stations? Dose any know the average premuim... CoJones Non-for-profit Volunteer Coverge Posted: Tue Sep 17 -- Thanks.. Would the Med pay be covered on the GL ? CoJones Advice needed from seasoned producers Posted: Mon Sep 16 -- Hi everyone I am new here and am I need advice from the experts. I am going to lay out my situation and ask what you would do if you were in... Nyr085 Will Insurance Co pay existing claim after cancelling? Posted: Mon Sep 16 -- Yes, they will still continue to pay the claim. The adjuster would probably not even know if you cancelled. I am more curious about the... gforaker Certificates of Insurance ??? Posted: Mon Sep 16 -- If you endorse a policy, you must send a copy of the endorsement to the insured. You are getting paid a commission to handle the insured's... earlybird 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 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: Tue Sep 10 -- Anyone around in the 70's can tell you about the hysteria of global cooling. It seems interesting that any politician that was alive in the... Mr. Solvent 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 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 No Penalty for Employers Not Telling Employees About Obamacare Posted: Fri Sep 13 -- I am afraid they own the name Cheetoh and this tragedy will be hung around their neck for posterity. 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