Daily Headlines: Thursday, October 17, 2013

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October 17, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Ex-Players Oppose NFL Image Rights Settlement Years away from the field, former National Football League players including Jim Brown, Preston Pearson and Reggie Rucker are set to clash ... Health Cost Increases in 2013 Were Lowest in Decade: Aon Hewitt There was some relatively good news in health care this year. U.S. employers and their employees saw the lowest health care premium rate ... SEC Battles Industry Fund over Stanford Victims' Claims U.S. regulators sought to overturn a 2012 court ruling that prohibited victims of Allen Stanford's $7 billion Ponzi scheme from seeking ... Congressional Study Finds Inconsistency in Nuclear Safety Enforcement The number of safety violations at U.S. nuclear power plants varies dramatically from region to region, pointing to inconsistent ... CPCU Students Gain Earlier Access to Benefits The CPCU Society has expanded membership opportunities for students actively pursuing the Chartered Property Casualty Underwriter (CPCU) ... Tell Us About Your Agency's E&O - Take Our Survey Now Insurance Journal is again on the search to find out what's happening in the agency errors and omissions (E&O) environment. The final ... Energi, CapX Partners Launch Online Platform for Energy Savings Projects CapX Partners has launched a new online platform called Energy Conservation and Performance (E-CAP), to help building owners, ESCOs, ... Bernanke Excused from Testifying in Greenberg's Suit Over AIG Bailout for Now Federal Reserve Chairman Ben Bernanke does not have to testify in the multibillion-dollar lawsuit by the former chief of American ... Concerns Over Cyber Security Risks Outweigh Traditional Risks for Large Firms: Study Cyber security risks have become more worrisome to large organizations than traditional natural catastrophe risks, according to a new study... Top-Ranked Carriers Build Agent Satisfaction Into Culture: Consultant Property/casualty insurance carriers that make their agents happiest--landing themselves repeatedly on top-10 rankings... More National News East Premium Finance Firm to Pay $160K for Prematurely Canceling Mass. Auto Policies A New York-based premium financing provider has agreed to pay $160,000 to resolve allegations that it illegally cancelled certain financed ... Massachusetts DOI's New Bulletin Says Producers May Charge Fees Massachusetts regulators this month issued a bulletin announcing that producers for all lines of insurance may charge their clients ... Conn. Gov., Local Officials Celebrate Opening of Navigators' New Headquarters Connecticut Governor Dannel P. Malloy on Wednesday joined executives from The Navigators Group Inc. and state and local officials to ... N.Y.-Based Vanderbilt Properties Insurance Brokerage Names New CEO Vanderbilt Properties Insurance Brokerage and Risk Management LLC, a New York-based specialist in insurance program administration for the ... More East News 7 Bestselling Insurance Courses on sale this week at Academy of Insurance - Property Valuation, Essential Personal Lines, Work Comp Large Deductible Plans, Future of Work Comp Mod, Gaps in Home and Auto Coverage - click here to see the courses Midwest Lack of Fire Protection Closes Illinois Haunted Houses Two Halloween haunted houses in west central Illinois won't be operating this year because organizers aren't able to meet state fire safety ... Application Process Opens for Minot Flood Grants Homeowners in Minot, N.D. affected by the Souris River flooding in 2011 can begin applying for grants to help with repair costs, while the ... More Midwest News Southeast Florida Hurricane Fund Financial Condition As 'Strong As Ever' Florida is ending this year's storm season with some good news. The state-created fund that backs up private insurers in Florida remains in ... Multimillion Dollar Workers' Compensation Fraud Probe Leads to West Virginia Bank A federal investigation into a multi-million-dollar workers' compensation scheme extended to the Bank of Mingo in southern West Virginia, ... MagMutual Creates New Captive for Physician Practices, Hospital Systems MagMutual Insurance Co., a medical professional liability insurer in the Southeast, has formed OURCell Captive, P.C.C.  A wholly owned ... More Southeast News South Central XL Group's Insurance Operations Grow in Dallas XL Group announced an expansion of its insurance operations in Dallas. The company's U.S. Risk Management business is setting up operations ... Oklahoma AG's Ballot Rewrite on School Storm Shelters Criticized The attorney general's rewrite of the ballot language for a plan to issue $500 million in bonds to help school districts pay for safe-room ... Pegram Joins Bailey Insurance in Waco, Texas Bailey Insurance & Risk Management Inc. of Waco, Texas, announced that John Pegram has joined its team of commercial insurance agents. ... All Risks Adds Tanner and Zadow in Dallas The newly formed South Central operation of All Risks Ltd. has hired two additional producers in October: Elizabeth Tanner and Drew Zadow. ... More South Central News West Las Vegas Sun: Cyberattack Behind Website Outage Officials at the Las Vegas Sun say a cyberattack crashed their website for several hours Tuesday morning. Donn Jersey, the publisher of the ... Lockton Names Edelheit Senior Vice President in Colorado Lockton's Denver, Colo. operation announced the addition Matt Edelheit as senior vice president and department manager in risk ... Colorado Launches Website For Flood Information Gov. John Hickenlooper has announced a new website that will provide information about recovery efforts related to flooding in Colorado ... Edgewood Partners in California Said to Seek Bids Edgewood Partners Insurance Center LLP is working with Bank of America Corp. to solicit offers, according to the people familiar with the ... More West News International Allianz CEO Says New Regulation to Create Room for Acquisitions Allianz SE's CEO Michael Diekmann said tougher financial regulation will create takeover opportunities for Europe's biggest insurer. "If ... MAPFRE Enters Indonesian Market with 20% Stake in ABDA Spain's MAPFRE announced that it has acquired a 20 percent stake in the Indonesian insurance company Asuransi Bina Dana Arta (ABDA), and ... BrokersLink Changes Status to 'For Profit' to Enhance Growth BrokersLink, one of the world's largest independent insurance broker networks, announced that it is "changing its constitution from a ... Aon Benfield 1st Half 2013 Lloyd's Report: Premiums up; Profits Down Aon Benfield's Analytics' Market Analysis team has updated its report on Lloyd's to reflect the latest financial figures for the first half ... Best Europe Affirms AVIVA and Subs Ratings A.M. Best Europe - Rating Services Limited has affirmed the financial strength rating (FSR) of 'A' (Excellent) and issuer credit ratings ... More International News 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 New Insurance Agency Posted: Wed Oct 16 -- Read those contracts very carefully - how much will it cost you to leave. What do they bring to the table and most of all contact at least 5... Wildwillie What Would Your Veteran Self, Tell Your Newbie Self... Posted: Wed Oct 16 -- Great advice. Do not ever get stuck in a captive situation. They "Own" you. Get as many companies as you can and weed out the ones that... Wildwillie Travelers reducing commissions Posted: Wed Oct 16 -- The thing that always gets me is "who" at the company took an 8% cut in pay? Seems like the government - only the guys at the bottom deserve... Wildwillie Erie Insurance, feedback please. Posted: Wed Oct 16 -- We have had 3 agents try them in our area. All gone - sold to other agencies who dumped them. Know of a very large agent in Ohio that called... Wildwillie Trucking for hire with Losses Posted: Tue Oct 15 -- Need to find a new carrier for a client with long haul trucking. Scottsdale is non-renewing due to losses. Anyone know where I can go with... dgarzoli becoming appointed Posted: Tue Oct 15 -- I am currently in the process of opening my own insurance office. I live in Michigan and am having a real hard time getting companies to... justinarabo Certificates of Insurance ??? Posted: Sun Oct 13 -- What he said! I'm sure the last thing you want is a client saying the issue was ambiguous and they assumed they were covered because the... ABMCalifornia How to file for long term care insurance claim? Posted: Thu Oct 10 -- Filing for long term care insurance claim is easy as long as you stick to the process. The first thing you need to do is to review your... racheljames New lead model question - could cost per sale work? Posted: Wed Oct 9 -- A big challenge for you is the current fractured and changing face of the small to mid sized retail insurance agency. The sun is setting on... d's insurance store Go to Forums Reader Comments Montana Bar Sued Over DUI Death Posted: Fri Oct 11 -- Coupled with the fact the driver was going 100 miles an hour. I'm thinking grandpa needs to go after the insured's money instead. Oh, wait:... Scott Financial Stability Regulators Discuss Debt Limit, Government Shutdown Posted: Thu Oct 10 -- PM, basically the deal will just kick the can down the road for 6 weeks and then we will be back at square one. The President said in any... Agent Family: Vail Misled Officials About Fatal Slide Posted: Fri Oct 11 -- That's the problem today with employees. Who knows if they did what they were supposed to do? You hire and train people to do the job and... Baxtor 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 Utah Man Blames Bathroom Emergency For High-Speed Chase Posted: Thu Oct 10 -- What a crappy story!! txmouthbreatherboogereatertx Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue October 7, 2013 Professional Liability Directory; The Best Insurance Agencies to Work For; The Food Issue: Restaurants, Fast Food, Bars, Liquor Liability, Grocers, Food Trucks, Food Manufacturing & Product Recall 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? List it on our Web site. 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