Daily Headlines: Wednesday, September 25, 2013

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September 25, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Average Obamacare Premiums Will Be Lower Than Projected By Julie Appleby and Phil Galewitz Kaiser Health News Staff Writers Just days before new online health insurance markets are set to open, ... Quiet Atlantic Storm Season Humbles Forecasters The 2013 Atlantic hurricane season is humbling forecasters by shaping up as the first in almost two decades without a major storm, ... BofA Denies Government Claim of 'Massive Fraud' in Trial Over Mortgages Bank of America Corp.'s Countrywide unit placed profits over quality in a "massive fraud" selling shoddy mortgages to Fannie Mae and ... Tech Firm Trōv Promises to Reinvent 'Insurance to Value' for P/C Industry A high tech start-up is promising to raise the standard for determining "insurance to value" by giving property/casualty insurance ... ProAssurance Backing New Lloyd's Syndicate Birmingham, Alabama-based medical liability insurer ProAssurance Corp. will be the majority capital provider to the proposed new Syndicate ... Aon Names Andersen, O'Connor CEOs of Key Units Aon Plc, the world's second-biggest insurance broker by market value, named Eric Andersen head of the Aon Benfield reinsurance operation ... B&B Protector Plans, Aspen US Partner for Lawyers Professional Liability B&B Protector Plans, Inc. and Aspen US Insurance have partnered for lawyers professional liability, with Aspen US now the carrier for the ... 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... NFIP Policy Cancellation Statistics: No Loss, No Insurance A Wharton School professor advocates a multiyear flood insurance policy as part of a program aimed at getting owners of... More National News East Connecticut's Health Care Exchange Receives Key Approval Connecticut's health insurance exchange has finished testing its connection with the federal data services hub, a final step toward opening ... Public Adjusting Firm, Owner Admit Insurance Fraud in New Jersey State authorities in New Jersey say a Monmouth County-based public adjusting company has admitted submitting fraudulent insurance claims in ... Rhode Island Police Launch Seatbelt Enforcement Campaign Police in Rhode Island are stepping up their enforcement of the state's seatbelt laws. State Police Superintendent Col. Steven O'Donnell ... N.J. Bill Seeks to Strengthen Homeowners' Cases Against Insurers in Civil Court New Jersey Assemblyman Reed Gusciora (D-Mercer/Hunterdon) last week proposed a bill aimed at strengthening homeowners' cases against their ... More East News Midwest Ash Brokerage Corp. Moving Into Fort Wayne, Ind., Mixed-Use Project An insurance brokerage will relocate its Fort Wayne, Ind., headquarters to a new $71 million downtown mixed-use project and create 115 jobs ... NAMIC Honors SECURA's Bykowski with Chairman's Award The National Association of Mutual Insurance Companies named John Bykowski, president and CEO of SECURA Insurance in Appleton, Wis., as the ... Zimmer Named VP, Mergers and Acquisitions at Sentry Insurance Michael V. Zimmer has been named vice president of mergers and acquisitions for Stevens Point, Wis.-based Sentry Insurance. Zimmer joined ... More Midwest News Southeast Court Weighs Merits of Hold Placed on Florida PIP Reforms Florida automobile insurers are hoping a court lifts an injunction that has blocked portions of the state's 2012 no-fault law from taking ... Kentucky Judge Rules Woman Must Testify Against Same-Sex Partner The same-sex partner of a woman charged with murder must testify against her and isn't protected by the husband-wife privilege under state ... Feds Vow More Oversight at South Carolina Nuclear Plant Federal officials announced they are going to be doing more oversight at a South Carolina nuclear power plant that has tallied a number of ... More Southeast News South Central Louisiana Commissioner: Complexity of Health Law 'Mind-Boggling' Louisiana's insurance commissioner said that there is "no way at all" that people have enough information to make decisions when the new ... TWFG Surpasses 300-Branch Mark with 24 New Offices The Woodlands Financial Group's TWFG Insurance Services division, based in The Woodlands Texas, has added another 24 offices to its roster ... More South Central News West Synthetic Marijuana Death Prompts Lawsuit Against Colorado Store The death of a 19-year-old who died after smoking synthetic marijuana has prompted a wrongful death suit against a Colorado Springs ... Southern California Judge Refuses to Stay Ruling on Impounded Cars A Superior Court judge has refused to set aside a ruling striking down a Los Angeles Police Department policy that made it easier for ... Opinion: Energy Industry Liability May Cover Contamination Claims From Colorado Flooding Colorado residents and businesses face devastating water inundation that many are dubbing a one-in-500-years weather event. Early reports ... California Commissioner Names New Deputy Commissioner Of Enforcement California Insurance Commissioner Dave Jones named Eric Weirich deputy commissioner of the enforcement branch of the California Department ... More West News International Strong Quake Strikes Southern Pakistan: AIR Worldwide Analysis According to catastrophe modeling firm AIR Worldwide, "at 7:29 a.m. Eastern time (4:29 p.m. local time), a magnitude 7.7 earthquake struck ... Canada Regulator Urges Re/Insurers to Use Cat Bonds after Flood Disaster Canada's banking regulator is urging insurers to sell catastrophe bonds for the first time to cut the risk of natural disasters, such as ... Aon Benfield Makes Executive Appointments to Enhance Risk Strategy Aon Benfield has announced the following strategic executive appointments: Eric Andersen as CEO of Aon Benfield; Mike O'Connor as CEO of ... Reforms Urged to Make UN Climate Reports Shorter, More Focused Climate experts on a U.N. panel should focus more on shorter reports on specialist subjects such as extreme weather in a shift from ... More International News Insurance Journal Blogs Summer Vacation Is Over, So Let's Talk Camp At this time of year, maybe you recall the fun you had at those summer camps. Okay, the mosquitoes in the tent and the Hamburger Helper in ... 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 Agency Management System Posted: Wed Sep 25 -- Hello, A lot of good info here. I checked out the following... ZappMan Non-for-profit Volunteer Coverge Posted: Wed Sep 25 -- That's great new's.. We have the WC with Hartford as well. Big help!!!!! CoJones 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 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 Hacker Group in China Linked to Cyberattacks Against U.S. Firms: Symantec Posted: Wed Sep 18 -- That's what American companies get when they outsource the manufacturing and customer support of their products overseas. It's almost like... Baxtor 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: Wed Sep 18 -- Agent, I think you misunderstood the goal of the PPACA. The main goal wasn't to lower your insurance rate. Though, we are seeing in several... 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