Daily Headlines: Tuesday, September 24, 2013

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September 24, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Not So Fast: Driverless Vehicles Face Driver Caution and Other Speed Bumps The world has moved quickly from wonder at the idea of driverless cars to impatient expectation. The Cadillac SRX zipping around a test ... Employers Could Save Billions Swapping COBRA For Obamacare By Jay Hancock, KHN Staff Writer Health-law provisions taking effect next year could save U.S. employers billions of dollars in expenses ... AIG, Brookfield End Litigation Over Financial Crisis American International Group Inc. and Brookfield Asset Management Inc. agreed to end a 2009 lawsuit in which Brookfield sought a judge's ... ProAssurance to Acquire Workers' Comp Insurer Eastern Holdings Medical professional liability insurer ProAssurance Corp. said it is acquiring monoline workers' compensation insurer Eastern Insurance ... Beecher Carlson Expands Energy Practice with Appointment of Wass Atlanta-based insurance broker Beecher Carlson, a division of Brown & Brown Inc., has appointed Frederick Wass as senior vice president. ... Willis North America Names Joost Chief Operating Officer Willis North America has appointed Eric Joost as chief operating officer. Joost has been serving as chief executive of Willis North ... Fireman's Fund Launches New Commercial Property Form for Highly Protected Risks Fireman's Fund Insurance Co. has launched Property-Gard Pinnacle, a new commercial property form that integrates new coverages and policy ... Will Third Time Be the Charm for National Producer Licensing Bill? Will the third time be the charm? Insurance groups and lobbyists in Washington are hoping so, after the House of Representatives this week... Companies Perceived as Too Tolerant of 'Toxic Employees' with Bad Attitudes Employees believe their employers are too tolerant of toxic coworkers, according to survey results announced by a... More National News East Maryland's IWIF to Convert to Private, Not-for-Profit Insurer on Oct. 1 On Oct. 1, IWIF, Maryland's largest provider of workers' compensation insurance, will launch a new name and corporate structure as a ... NCCI Files Overall Average WC Loss Cost Level Change of +3.2% in Connecticut The National Council on Compensation Insurance (NCCI) last week delivered a workers compensation loss cost filing to the Connecticut ... NJM, Everett Cash Mutual Join NAMIC's 'Century Club' The National Association of Mutual Insurance Companies (NAMIC) announced that two Northeast-based member companies, New Jersey ... FEMA Approved Over $1B in Assistance to Individuals, Families in N.Y. After Sandy The Federal Emergency Management Agency announced this week that it has approved more than $1 billion in assistance to individuals and ... More East News Midwest SECURA Insurance Promotes Arnold, DeHart to Executive Positions Appleton, Wis.-based SECURA Insurance has promoted Marty Arnold to senior vice president - underwriting and Amy DeHart to vice president - ... Bill Would Ban Ohio Teens from Driving Buddies A Republican state lawmaker is proposing tough new driving restrictions on Ohio teens, including prohibiting them from transporting even ... Nonprofit Health Insurance Company Forming in Wisconsin Business leaders and community organizers in Milwaukee, Wis., have formed a nonprofit health insurance company to provide coverage to small ... More Midwest News Southeast Florida Realtors Join Call to Delay Flood Insurance Hikes Real estate brokers have joined the chorus of those asking Congress to halt some of the changes to the nation's flood insurance program ... Florida City Frustrated with Abandoned Cruise Ship Panama City has spent tens of thousands of dollars removing dozens of derelict boats as it redevelops its waterfront. But one abandoned ... Willis North America Names Doyle Managing Partner in Tampa Willis North America announced that James Doyle has been appointed managing partner of Willis' Tampa operations. In this role, Doyle will ... More Southeast News South Central Arkansas: Health Insurance Rates Lower than Expected in New Marketplace With 71 qualified health insurance plans to be sold on the individual market in the new health insurance marketplace, Arkansas officials ... Wal-Mart Driver Honored for 4M Accident-Free Miles Somewhere out west in recent days, cross-country truck driver Warren Greeno passed the 4-million-mile mark without an accident. ... Work-Related Fatalities Decline in Louisiana in 2012 The number of work-related fatalities in 2012 in Louisiana declined to 106, according to a preliminary count by the U.S. Bureau of Labor ... More South Central News West Closing Arguments Presented in $1B Lead Paint Case in California NL Industries Inc. is one of five paint companies that presented closing arguments against a public-nuisance lawsuit by 10 California ... Confie Seguros Taps Chief Revenue Officer in California California-based Confie Seguros named Darrin Silveria chief revenue officer. The national insurance broker focused on non-standard auto ... New Mexico Floods Damaging But Also Brought Drought Relief Recent flooding brought widespread damage to New Mexico, but the rain also provided significant relief for the state's drought. Some ... Networked Names Four to Management Posts in California Networked Insurance Agents, an aggregator serving independent property/casualty agencies across the West, named four key management ... Swarm Of Earthquakes Shake Yellowstone Until recently, Bob Smith had never witnessed two simultaneous earthquake swarms in his 53 years of monitoring seismic activity in and ... More West News International Fairfax Consortium Bids $4.7 Billion to Take BlackBerry Private Smartphone maker BlackBerry has agreed to go private in a $4.7 billion deal led by its biggest shareholder, allowing the on-the-go email ... Catlin Establishes 'Global Reef Record' Database for Coral Ecosystems International specialty property/casualty insurer and reinsurer Bermuda-based Catlin Group Limited announced the establishment of the ... Aon Benfield Study Finds Continuing Growth in Asia Pacific Region Aon Benfield's annual Evolving Criteria report, which reviews the latest developments in rating agency protocol and impact for the ... Best's UK Non-Life Report Highlights 'Challenging Market Conditions' According to a new report from A.M. Best Co., the U.K. non-life insurance sector "faces mounting pressures, ranging from regulatory changes ... Alberta Floods Canada's Costliest Natural Disaster The massive floods that devastated swaths of southern Alberta in June are estimated to be the costliest natural disaster in Canadian ... Ironshore Int'l. Appoints O'Reilly to Underwrite M&A in Singapore Ironshore International has appointed Astrid O'Reilly to write Mergers & Acquisitions (M&A) insurance lines, based in its Singapore office. ... More International News Insurance Journal Blogs A Non-traditional Approach in a Traditional Industry IJAM welcomes guest blogger Theresa Schugel, EVP - Business Development, BMS Group. BMS has a fun branding campaign happening right now ... 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 Information on Clusters Posted: Mon Sep 23 -- I am a seasoned veteran producer that has just started an agency in the south this year with another established retailer, however, we are... Tony06109 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 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 Go to Forums Reader Comments FEMA Chief Disappoints Senators, Says He Can't Delay Flood Insurance Rates Posted: Mon Sep 23 -- If people can't afford to pay flood insurance premiums, then they simply cannot afford to live in a flood plain. Especially recurring flood... Dave Ex-Republican Crist Expected to Run For Governor in Florida as Democrat Posted: Tue Sep 17 -- All because of a hug from the Democratic president. Funny how a principled Republican can turn into a Democratic pimp. Doesn't say much for... Celtica 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 Employers Making Benefit Changes Under Cover of Obamacare Posted: Mon Sep 23 -- Well, let's drug test Wall Street and all of the corporations who receive corporate handouts. If you want to drug test the impoverished, you... Captain Planet 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... 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