Daily Headlines: Monday, October 21, 2013

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October 21, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Insurer Plans IPO Despite Not Making Profit Yet NMI Holdings Inc., the mortgage guarantor backed by Kyle Bass, Carlyle Group LP and BlueMountain Capital Management LLC, is seeking to be ... Study: Due to Rising Sea Levels, Small Storms Could Produce Significant Flooding Almost a year after Superstorm Sandy, parts of New York and New Jersey are still recovering from billions of dollars in flood damage. And a ... All Risks Offering WC for Non-Emergency Medical Transportation Risks All Risks' Workers Compensation Division has launched it's third specialty class, non-emergency medical transportation (NEMT), with an ... Prudential Drops Its Fight Against Systemic Risk Designation Prudential Financial Inc., the second-largest U.S. life insurer, abandoned its challenge to a U.S. designation from a Treasury Department ... Administration Says 500K Americans Have Submitted Obamacare Applications Almost 500,000 Americans have submitted applications for health insurance through the online exchanges being run by the federal government ... When Coverage Isn't Enough: Managing Risk a Challenge for Insureds Companies of all types and sizes are facing increased risks in the current environment but many are not putting adequate programs in place... Price Optimization: A Dangerous Method, CFA's Hunter Says Last year, right around Halloween, I started noticing some odd goings on at the professional association for actuaries,... More National News East For Some Sandy Victims, Flood Insurance Payouts Fall Short Many homeowners who got slammed by Superstorm Sandy are finding their flood insurance checks are nowhere near large enough to cover their ... New York's Top Court Clarifies Vandalism Insurance The top New York court says property insurance against vandalism includes coverage for malicious damage that isn't specifically aimed at ... Settlement Reached in Vermont Asbestos Mine Cleanup A settlement has been reached with the owner of a former asbestos mine in northern Vermont to help cover the costs of some pollution ... New York-Based Southport Re Appoints COO Southport Lane, a New York-based private equity firm, announced that Brandon Young has been appointed chief operating officer of its ... ACE Appoints Senior VP for ACE USA Surety Unit in New York ACE USA, the U.S.-based retail operations of the ACE Group, appointed Teresa Black to the newly created role of senior vice president and ... Florida Man Gets 7 Years in New Jersey Insurance Fraud Scam A Florida man who worked for a now-defunct southern New Jersey construction company has been sentenced to seven years in state prison for ... More East News Midwest Illinois Bill Calls For Stiffer Penalties For Boating DUI Illinois lawmakers are considering legislation that would impose stiffer penalties on people caught operating a boat while intoxicated. The ... Ohio Insurance Director: Watch Out For Deer Ohio's insurance director says fall is the peak season for deer-related crashes in the state and is urging drivers be on the lookout. ... Ohio DUI Video Confessor Seeks Reduced Sentence An Ohio man who confessed in an online video to causing a fatal wrong-way crash after a night of drinking should receive a sentence well ... High Crop Prices Turn More Midwest Grassland into Cropland When cattle producer Jason Zahn aims his pickup across the gravel roads of North Dakota, he doesn't see as many native grasses dancing ... More Midwest News Southeast Alabama Coastal Counties Get FEMA Home Mitigation Grants Alabama has received a federal grant of nearly $636,000 to help homeowners in the state's two coastal counties retrofit their homes against ... Confusion Still Major Hurdle in Florida for New Health Care Law As federal health officials work around the clock to fix technology glitches plaguing the website where U.S. citizens can obtain health ... 137,800 in Mississippi Fall in Health Insurance 'Coverage Gap' A new study shows 137,800 low-income Mississippians fall into a health insurance ``coverage gap." They're currently uninsured. They earn ... State Farm to Build Operations Center in Georgia State Farm Insurance Co. plans to build a national operations center in the Atlanta suburb of Dunwoody. Dunwoody city officials announced ... More Southeast News South Central Texas Senator: How Can We Lower Homeowner Insurance Costs? A Texas lawmaker has asked the state insurance department to come up with suggestions for ways to lower homeowners insurance rates in the ... Imperial Management Corp. Acquires National Automotive Insurance Imperial Management Corp. (IMC) announced an agreement to purchase National Automotive Insurance Co. (NAIC) headquartered in Metairie, La. ... INSURICA Names Burton Oklahoma City Branch Manager Insurance Management Network (INSURICA) has promoted Jeff Burton to the position of branch manager of its Oklahoma City office. Burton will ... Report: Louisiana Could Have More Than 2M Jobs in 2015 Growth in the Lake Charles and Baton Rouge, La., areas is expected to help boost employment in Louisiana to an all-time high of more than 2 ... More South Central News West Wyoming Traffic Fatalities Decrease In 2013 The Wyoming Highway Patrol says traffic fatalities in the state have decreased this year. Sgt. Steve Townsend tells KGWN-TV that 120 people ... Oregonians to Vote On Immigrant Driver's Licenses Oregonians are headed for a statewide vote on a new law that allows immigrants who can't show they're in the United States legally to ... More West News International Wildfire Emergency Declared in Australia State as Homes Lost Australia's most populous state declared an emergency as wildfires tore through bush land west of Sydney, destroying hundreds of homes and ... Reinsurers Get Down to Business in Baden-Baden; Willis Re Chairman Comments "I don't think there have been any big changes between Monte Carlo and Baden-Baden," said James Vickers, Chairman of Willis Re ... Europe 9 Month Nat Cat Losses $23 Billion+; Trending Upwards: Munich Re A report from Munich Re estimates that losses due to natural catastrophes totaled €17 billion [$23.24 billion] in Europe in the first ... Say Cheese: EU Strikes Trade Deal with Canada; Looks to U.S. The European Union and Canada agreed a multibillion-dollar trade pact on Friday that will integrate two of the world's largest economies ... Ratings Recap: QBE Optima, Aviva (Canada), Syndicate 609, Adamjee A.M. Best Co. has affirmed the financial strength rating of 'A-' (Excellent) and issuer credit rating of "a-" of Puerto Rico-based QBE ... Members of Aon Benfield's Analytics Team Explain Cat Models "Our remit at Aon Benfield Analytics is really to do the risk quantification part of reinsurance transactions," said John Moore, the head ... More International News Insurance Journal Blogs How to Motivate and Inspire Your Employees: Part 1 This post is part of a series on insurance marketing and training sponsored by Astonish. One of the most important lessons every agency ... More Blogs Join the Insurance Journal Network Insurance Journal TV Insurance Law, Regulation - Jim Wrynn Brings his Experience to the Private Sector James J Wrynn, Esq. served as New York's Superintendent of Insurance from 2009 to 2012, when... Watch Now 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 Watch more videos at InsuranceJournal.tv New Discussions in the Forums How would you insure this risk? Overseas traveling Posted: Sat Oct 19 -- We can do the foreign liability (US and Canada claims would be excluded). ... INTLXS becoming appointed Posted: Sat Oct 19 -- I have seen people in your situation get appointments from Erie. They will have expectations of so many applications per month. Contact your... INTLXS How to divide work to customer service reps Posted: Fri Oct 18 -- I don't think there is a standard answer for this in a small agency. I have always seen commercial lines separate from personal lines. Very... yoyowordup Non-for-profit Volunteer Coverge Posted: Fri Oct 18 -- Auto Coverage would NOT be first if the volunteer was driving their own car, at fault and had no med pay. yoyowordup What Would Your Veteran Self, Tell Your Newbie Self... Posted: Fri Oct 18 -- Of course profit matters, but starting out owning your own business....positive cash flow mattters the most. You can be profitable, but if... jtownagent Travelers reducing commissions Posted: Fri Oct 18 -- It's not an 8% cut, it's actually a 20% cut: 15% x .80 = 12%. Despite the cut, many agents will think it's great for awhile. Travelers will... ins-atty Trucking for hire with Losses Posted: Thu Oct 17 -- Please confirm your radius. Scottsdale just does local and intermediate. Contact us through our website: onewestins.com Miguelito Go to Forums Reader Comments Group Pushes For Lower DUI Standard in Utah Posted: Wed Oct 16 -- Okay, ridiculous! It's not those who have one drink that are running things and people over. It's those that are having 8-10 drinks. I say,... Captain Planet State Regulators Warn on Misleading Health Insurance Websites Posted: Tue Oct 15 -- http://www.nydailynews.com/news/politics/obamacare-navigator-warrant-arrest-report-article-1.1485563 and so it begins. Whodathunkit? Insurance Media CEO, an Ex-Cop, Pulls Man From Burning Wreck Posted: Fri Oct 18 -- I agree Andrew Simpson. I know a retired firefighter who has been first on scene many times, both while on the force and after retirement,... Canuck Kansas Judge Says Test in DUI Case Can Be Suppressed Posted: Fri Oct 18 -- Are you kidding me??? A BAC of .25 cannot be used to prosecute a case in which the results were double leg amputation to an innocent... DESi Rhode Island Lawmakers Get Grim Report on Sea Level Rise Posted: Tue Oct 15 -- This guy better update his research .... no meaningful changes in the earth temps in the last 15 years and the ice caps are increasing in... glenn Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue October 21, 2013 Top Commercial Lines Agencies; Risks of the New Economy: High Tech, Biotech, Nanotech, Robotics, Media / Cyber Liability, Alternative Energy, Green Building & Car / Home Sharing; Commercial Property More Newsletters Choose Newsletters Daily Headlines Weekly Reader Picks Magazine Update Insurance Journal TV Classifieds Breaking News MyNewMarkets Daily Claims Daily Enter Your E-mail Market Directories Excess & Surplus Markets Programs Workers' Comp Markets New Insurance Jobs Associate Underwriter - Environmental Territory Manager Director of Marketing - Florida Homeowners Program Manager II Have a job opening? 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