Daily Headlines: Tuesday, October 15, 2013

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October 15, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Rule on Requiring Lenders to Accept Private Flood Insurance Proposed Five federal regulatory agencies are considering a rule that could boost sales of private flood insurance. The proposal would require ... State Regulators Warn on Misleading Health Insurance Websites Insurance regulators and an industry trade group are warning that this month's roll-out of the health insurance marketplaces created by ... Top Excess & Surplus Insurers by Market Share: SNL Great American, Landy Agency to Offer Professional Liability Insurance Great American Insurance Group's Professional Liability Division has formed an alliance with the Herbert H. Landy Insurance Agency to offer ... House Backs Limiting Crop Insurance Subsidies for Wealthiest Growers Farm subsidy reformers praised a vote by the U.S. House of Representatives to make the wealthiest growers pay more for federally subsidized ... Is There Coverage for Losses Stemming From Government Shutdown or Default? At the time of this writing, the federal government is in a partial shutdown. Essential functions are operating, but certain areas such as... P/C Insurers Facing A.M. Best Rating Action If TRIA Not Renewed Thirty-four property/casualty insurers can add the threat of a negative rating outlook to the list of problems facing... More National News East Penn State's Sex Scandal Bill Tops $50 Million Before Civil Suits Penn State has spent more than $50 million on fines, legal bills and other costs linked to a sex abuse scandal that has roiled the ... Normalcy Eludes Many a Year After Sandy Hit New Jersey Bart Sutton fought with his insurance company for a year over what it would cost to rebuild his flood-damaged home, then gave up in ... New York City Buys 1st Superstorm Sandy-Damaged Home New York City announced its first purchase of a home damaged by Superstorm Sandy on Oct. 10, acquiring property from a Staten Island woman ... In Hartford, Conn., Landmark Travelers Tower Gets Face-Lift A $30 million renovation project is restoring some of the luster to the Travelers tower, a Hartford landmark that once symbolized the ... Rhode Island Lawmakers Get Grim Report on Sea Level Rise Sea levels will rise in Rhode Island by as much as 5 feet as climate change reshapes the coastline over the next century, the state's top ... More East News Midwest South Dakota Ranchers Reeling From Cattle Losses Western South Dakota ranchers are reeling from the loss of tens of thousands of cattle in the recent early blizzard, and many will be ... Norman-Spencer Agency Promotes Jason Norman Dayton, Ohio-based Norman-Spencer Agency Inc., a national insurance provider and program administrator, announced that Jason Norman has ... Fatal Crashes Seem to Be Decreasing in Wisconsin Traffic fatalities appear to be decreasing in Wisconsin, in large part because of a drop in motorcyclists' deaths, traffic officials said. ... Nebraska Farmers, Ranchers Urged to Consider Forage Insurance University of Nebraska-Lincoln Extension educators are encouraging farmers and ranchers to consider pasture, rangeland and forage insurance ... More Midwest News Southeast Despite Recent Tennessee Tragedy, Progress Made on Reducing Fire Deaths Gary Vaughn was mentally ill and homeless, but neighbors on Humber Street in South Memphis had known him for years and took care of him. On ... Hurricane-Proof Church a Safe Haven on Gulf Coast God is a mighty fortress, the old hymn goes, and the same could be said for Romar Beach Baptist Church. With concrete walls more than a ... More Southeast News South Central Last Day of Austin Music Fest Canceled Due to Rain Heavy rain showers and thunderstorms with some flash flooding have canceled the final day of the Austin City Limits Music Festival. ... IMS/London American Adds Lundy as VP in San Antonio Property/casualty insurance wholesaler, IMS/London American, announced that Don Lundy has joined the company as vice president/branch ... Arkansas Rural Risk Underwriting Assoc. Assessing Members for 2013 The Arkansas Insurance Department announced that members of the Arkansas Rural Risk Underwriting Association will be assessed $200 this ... Texas Business Found Guilty of Workers' Comp Fraud Texas Mutual Insurance Co. reported that a jury in Travis County found Ramco Group LLC guilty on workers' compensation fraud-related ... More South Central News West California Governor Vetoes Sex Abuse Lawsuit Bill Gov. Jerry Brown vetoed a bill Saturday that would have allowed some lawsuits  victims who are now barred by the statute of limitations ... Colorado Agent's Association Names Wright Executive Vice President The Professional Independent Insurance Agents of Colorado named Dot Wright its executive vice president following a national search ongoing ... For-Profit College Company Sued By California California's attorney general has filed a lawsuit accusing a for-profit college company of misrepresenting job placement rates, false ... More West News International Mass Evacuation Saves Lives as Cyclone Phailin Strikes India A mass evacuation saved thousands of people from India's fiercest cyclone in 14 years, but aid workers warned a million would need help ... Typhoon WiphaThreatens Japan; Precautions at Fukushima Nuclear Plant A once-in-a-decade typhoon threatened Japan on Tuesday, disrupting travel and shipping and forcing precautions to be taken at the wrecked ... IAIS Plan for Re/Insurers' Systemic Risks 'Debatable' Says UK Expert "The IAIS, with its proposal for additional risk-adjusted capital rules for major re/insurers, seems to be joining the regulatory bandwagon ... Swiss Re Report on France Highlights Economic Concerns France's current economic concerns overshadow fears for longer-term issues, according to a risk perception survey, commissioned by Swiss ... Best Report: European Insurers See Improvements; Challenges Remain European non-life and life insurers "are benefitting from a more stable economic environment, although they continue to adjust product ... AIR Worldwide Analyzes Typhoon Nari as it Crosses the Philippines According to catastrophe modeling firm AIR Worldwide Typhoon Nari, aka Santi, made landfall in the Philippines, "as of 18:50 October 11, ... Australia Weather Bureau Forecasts up to 11 Cyclones in Storm Season Australia can expect an average cyclone season with up to 11 tropical storms, four of them severe, in the next six months, the Bureau of ... EQECAT President Paul Little on Cat Models - from the General to the Specific EQECAT's President Paul Little explains how cat models have evolved from the general to the specific and what's now required to create good ... More International News Insurance Journal Blogs In-House Advertising Superheroes! In this IJAM podcast,  IJ's Julie Tinney talks with Becky Schroeder, Marketing Director for Insurance Technologies Corporation, about the ... 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 New Insurance Agency Posted: Tue Oct 15 -- My Name is Justin and I am in the process of opening up my own agency. I am having a real hard time trying to get appointed by companies. As... 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 Travelers reducing commissions Posted: Wed Oct 9 -- Regionals = better service, better relationship, actual underwriting, comparable or better coverage forms!! ~~ Cincinnati Insurance ~~... yoyowordup Erie Insurance, feedback please. Posted: Wed Oct 9 -- They called on me several years ago. They definitely consider themselves on the Independent side, but want to be #1 in the agency. I can't... gforaker 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 What Would Your Veteran Self, Tell Your Newbie Self... Posted: Fri Oct 4 -- Do: Shut up and let the client talk. Do: Be an advisor. People who don't work in the insurance industry know little or nothing about... sillyphil Peer-to-Peer Website & Self-Insuring Users Posted: Fri Oct 4 -- I wouldn't lose hope just yet. If RelayRides can find an insurance solution for peer to peer car rentals, there may be an opportunity to... SteveD Go to Forums Reader Comments 2nd Arson Attempt at Missouri Planned Parenthood Posted: Wed Oct 9 -- Like I said yesterday when the first attempt was reported: Pro-Choice or Right To Life views aside, cowardly acts like this fall under what... Scott Police: Bag on Missouri Clinic Roof Failed Try at Arson Posted: Tue Oct 8 -- Pro-Choice or Right To Life views aside, cowardly acts like this fall under what could be called the American Taliban, and if/when they... Scott Defective Drywall: Chinese Maker Questions Ruling Posted: Fri Oct 11 -- What's so frustrating with this is our own government is not behind their own citizens. Instead our Federal Government would rather sue... Baxtor Insurers Worried About Data From Federal Health Exchange Posted: Wed Oct 9 -- There was ample time to program and test out this system before implemenation, yet it is a mess. Not sure if the gocernment programmed and... TxLady Early Snow Kills Thousands of Cattle in South Dakota Posted: Wed Oct 9 -- Although many of the ranchers probably have blizzard coverage on their insurance policies their animals are often like part of the family;... 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