Daily Headlines: Wednesday, September 18, 2013

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September 18, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National State Insurance Regulators Invoke Jefferson to Limit Federal Role State insurance regulators are drawing on the country's founding principles as they resist international pressure to give the federal ... Firms Helping Boat Owners Test Waters of 'Sharing Economy' Getting out on the open sea, wind in your hair, enjoying the ride with your family and friends. Then there's the boat payments, storage ... Court Says Facebook 'Like' Is Protected Speech for Employees Using Facebook Inc.'s "Like" feature to show support for a candidate in an election is speech protected under the U.S. Constitution, a ... Private Market Will Dry Up If Federal Terrorism Insurance Not Renewed: Aon Research by Aon shows that more than 85 percent of insurers will no longer insure terror risk if the federal backstop goes away. The ... Employer-Based Health Insurance Continues to Decline The share of Americans who get health insurance through their jobs fell for the fourth straight year as aging baby boomers piled into the ... Confie Seguros Acquires Affirmative's Retail Agency Group Confie Seguros, a national group of personal lines insurance brokers, has agreed to acquire the retail distribution arm of Affirmative ... Monitor Launches Enhanced Executive Liability Insurance for Private Companies Monitor Liability Managers has launched a new executive liability insurance suite of coverages for privately held companies called ... Product Recall Capacity Needed for Life Sciences Segment The life sciences industry has seen a dramatic increase in product recalls, and while insurance capacity for the life sciences industry in... Five Key Traits CEOs Look For When Hiring Talent (This article is based on a presentation made by Libby at the IICF Women in Insurance Global Conference in New York on... More National News East Old Wiring Damaged by Sandy Floodwaters Blamed for N.J. Seaside Fire Inspectors who have been examining last week's devastating boardwalk fire in New Jersey announced that old electrical wiring underneath the ... Vermont's Independent Agents Have Over $120M Annual Impact on State Economy The results from a study commissioned by the Vermont Insurance Agents Association (VIAA) show that Vermont's economy is positively impacted ... Markel Global Reinsurance Announces 2 Executive Appointments Markel Corporation recently announced that its Markel Global Reinsurance division has appointed Greg Richardson as acting head of its retro ... More East News Midwest Insured Losses from July 10 Ohio Storms at Least $72 million Ohio's widespread severe thunderstorms on July 10 that included flooding and three tornadoes caused between $71.5 and $84.8 million in ... Michigan's Doeren Mayhew, Wolf-Hulbert Form New Insurance Group Accounting and advisory firm Doeren Mayhew announced it has merged with the Michigan-based insurance agency Wolf-Hulbert Co. LLC to form a ... U.S. Crop-Insurance Claims Jump Amid Planting Delays, USDA Says U.S. farmers who were prevented from planting by rain this year filed crop-insurance claims on six times more land than last season, the ... CNA Promotes Cadelli to Vice President of Inland Marine Chigago-based CNA Financial Corp. has promoted Drew Cadelli to vice president, inland marine. For the past two years, Cadelli was the ... More Midwest News Southeast Groups Object to Citizens Insuring Out-of-State Policyholders A coalition of Florida business and consumer groups is objecting to the state-backed property insurer providing coverage for 180,000 ... Mississippi Man Charged with Property Insurance Fraud A Washington County, Mississippi  man has been charged with three counts of insurance fraud involving property claims. Attorney General ... More Southeast News South Central Texas-Based NLASCO Re-Brands as National Lloyds Corp, Waco, Texas-based NLASCO, a wholly owned subsidiary of Hilltop Holdings Inc., announced that the company has changed its name to National ... All Risks Ltd. Opens an Office in New Orleans Area Independent insurance wholesaler, All Risks Ltd., announced the opening of an office in Metairie, La. This is the twenty-second office for ... MarketScout Adds Bourret in Commercial Program Underwriting Practice MarketScout, an insurance distribution and underwriting company headquartered in Dallas, Texas, has expanded its commercial insurance ... State Auto Announces Western Region Staffing Additions The western region office of State Auto Insurance, based in Austin, Texas, announced additions to its regional workforce to support a ... More South Central News West Allstate Wins Major Medical Fraud Lawsuit in Nevada Allstate Insurance Co. received a judgment of more than $7 million following a Racketeering Influenced in Corrupt Organizations ... Bus Company Settles Southern California Amputee Lawsuit For $15M An 85-year-old man who lost part of his leg after a public bus hit him in a Southern California crosswalk settled a lawsuit Monday for $15 ... Poms Adds Two Vice Presidents In New Mexico Poms & Associates Insurance Brokers Inc. named Daniel Foley and Carol Hotubbee to vice president posts in the Albuquerque, N.M. office. ... ITC Releases TurboRater in California Carrollton, Texas-based Insurance Technologies Corp. announced the release in California of its web-based comparative TurboRater in ... Burnham in California Taps Two New Account Executives Burnham Benefits Insurance Services named two new members to its staff. New hires Laurel McClay, senior account executive, and Michele M. ... Networked in California Under New Ownership Property/casualty aggregator Networked Insurance Agents announced today that a small group of individual investors has acquired the company ... Fireman's Fund Names Cesario to Personal Insurance in West Novato, Calif.-based Fireman's Fund Insurance Co. named Brian Cesario as western zone personal insurance executive. Cesario will lead ... More West News International River Floods, Earthquakes are Highest Risk to Urban Areas: Swiss Re Report River floods top the list of risks posing dangers to more people than any other natural catastrophe, according to a new Swiss Re report, ... Powerful Typhoon Man-yi Downgraded after Lashing Japan Crews were cleaning up wrecked houses and assessing damage Tuesday in the wake of a powerful typhoon that lashed Japan with torrential ... Guy Carpenter Says 'Global Warming' a Reality - Citing IPCC Report An article from Guy Carpenter states: "According to the IPCC Fourth Annual Assessment Report (AR4), the scientific consensus is that global ... Munich Re Expert Tells IUMI Cat Models a Must for Marine Risks Marine underwriters at the International Union of Marine Insurance (IUMI) conference in London heard from Hjortur Thrainsson, Munich Re's ... UK MGA's Welcome Increased Insurer Support for Capacity Exchange "A nearly 40 percent increase in the number of insurers, market participants and suppliers attending this year's Managing General Agents' ... Ratings Recap: Emirates, BMO Re, United, Oman Insurance, China Taiping (NZ) A.M. Best Europe - Rating Services Limited has affirmed the financial strength rating of 'A-' (Excellent) and issuer credit rating of "a-" ... Arthur J. Gallagher Acquires U.K.'s Belmont International Arthur J. Gallagher & Co. has acquired Belmont International, located in Kent, England. Terms of the transaction were not disclosed. ... More International News Sponsored Content Atlas General Insurance Services, LLC, Announces the Addition of Full Service Underwriting Staff to Knoxville Office San Diego, CA, 9/18/13 - Atlas General Insurance Services, LLC, a national multi-line program manager, is pleased to announce two new ... More Sponsored Content Insurance Journal Blogs Burand's Agency E&O Blog: Tip #46 The Value of a Name. Applications are called applications and quote sheets are called quote sheets for good reasons. A quote sheet is only ... 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 Selling Non-Standard P&C Book of Business & Agency Texas Posted: Wed Sep 18 -- You might want to contact an expert in the field of agency valuation. One I know of is Optimum Performance Solutions... waves101 Markets for HOA's Posted: Wed Sep 18 -- I haven't seen CIG through any wholesalers. We have a direct appointment. We place our condo buildings with... ABMCalifornia Advice needed from seasoned producers Posted: Tue Sep 17 -- First you get the money then you get the power. Couldn't help the Scarface quote, but it is revelant. If you want to be a salesman, go with... NYagent301 Will Insurance Co pay existing claim after cancelling? Posted: Tue Sep 17 -- I've had the policy for 18 years, when the business was first started. Of course, I took whatever advice from the agent for coverage amount.... itchibahn Non-for-profit Volunteer Coverge Posted: Tue Sep 17 -- I think that if a person is a volunteer, they are clearly volunteering their time. Additionally, they are also volunteering their... Producer #1 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 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 Go to Forums Reader Comments 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 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 Ex-Republican Crist Expected to Run For Governor in Florida as Democrat Posted: Tue Sep 17 -- Charlie is a man of principle. He was a Republican. Then an independent's independent, then an independent who would caucus with the... Hillsborough Agent Allstate CEO Says GEICO Could Strugggle with Storefront Strategy Posted: Wed Sep 11 -- As a friend of mine from the claims side would tell Geico clients when they found out they didn't have a particular coverage, "There's your... 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