Daily Headlines: Tuesday, October 22, 2013

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October 22, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National GEICO Success Highlights Advertising Dollars vs. Agent Commissions Debate Direct writer GEICO's success in auto insurance sales is due to spending dollars on effective advertising rather than on agents, according ... Supreme Court Declines Privacy Claim Against Resale of Driving Records The U.S. Supreme Court on Monday declined to consider whether a unit of Thomson Reuters Corp. can obtain and sell information on drivers ... P/C Insurers' CFOs Point to Hardening Markets: Towers Watson Survey Chief financial officers with leading North American property/casualty insurers believe both property and casualty insurance markets are in ... Travelers Posts $864M Q3 Profit, Consistent With Prior Year Quarter The Travelers Companies Inc. today reported its third-quarter net income of $864 million, unchanged from the same period a year ago. ... W.R. Berkley Q3 Profit Rises 36% to $137M; Rates on Renewed Policies Up 6.4% W.R. Berkley Corp. reported $136.97 million net income for its 2013 third quarter, up 36 percent from $100.95 million income posted during ... Aon Launches Excess Liability Facility for Railroad Business Aon Risk Solutions, the global risk management business of Aon plc, has launched Aon Rail Excess Liability facility. The insurance facility ... Aon Benfield: U.S. Homeowners Insurance Offers Growth Opportunities A new report from Aon Benfield, a reinsurance intermediary and capital advisor of Aon plc, says U.S. homeowners insurance is showing ... 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... Assessing ERM: S&P Puts Risk Culture in Focus Stock prices of publicly traded insurers with stronger enterprise risk management programs show less stock price... More National News East Complaints Mounting Over Pennsylvania's Online Workers' Comp System Complaints are mounting over Pennsylvania's new, online system for filing appeals in workers' compensation cases, with critics saying it ... NYC Launches Fire Safety Effort in Sandy's Wake A first-of-its-kind fire-safety push in New York City focuses on homes in areas battered by Superstorm Sandy. The Fire Department announced ... Top Aide Announces Run for Mass. Attorney General to Succeed Coakley A former top deputy for Massachusetts Attorney General Martha Coakley on Monday became the first person to formally announce a run for the ... Schumer: Community Dev. Block Grant Can Cover Unmet Needs for Sandy Victims U.S. Senator Charles Schumer, D-N.Y., last Friday urged Sandy-impacted homeowners on Long Island, New York, to apply for Sandy aid under ... USI Insurance Appoints Senior Vice President in New York Metro Office USI Insurance Services has appointed Brian Golick as senior vice president. He is based in USI's New York metropolitan office. Golick ... More East News Midwest Illinois Bills Call for Stiffer Penalties for Boating DUI Illinois lawmakers are considering a series of measures aimed at making the state's waterways safer, including a bill that would impose ... Insurance to Pay Most of $10M Price Tag for Michigan City Hall Repair The historic city hall in Bay City, Mich., is nearing completion of a more than $10 million renovation three years after it was damaged by ... Meadowbrook Announces Passing of Director Hugh Greenberg Meadowbrook Insurance Group Inc. announced the passing of Hugh W. Greenberg, a member of its board of directors since 1985. Greenberg ... More Midwest News Southeast Florida Condo Developer Sues Residents Over Website The developer of a mold- and water-plagued condominium complex in Manatee County alleges in a lawsuit that a handful of former and current ... New North Carolina Law on Passing School Buses to Take Effect Dec. 1 North Carolina authorities say the recent death of a Rowan County teen illustrates why tougher penalties are needed in North Carolina for ... Arkansas Gov. Beebe Signs Teacher Insurance Fixes Into Law Arkansas Gov. Mike Beebe has signed into law a package of bills intended to limit health insurance premium increases for thousands of ... University of Alabama Studies Impact of 2011 Tornado on Foreclosures A University of Alabama study has found that the April 2011 tornado didn't severely impact home foreclosures in the Tuscaloosa area. ... More Southeast News South Central Louisiana Legislature Plans Flood Insurance Meeting The Louisiana Legislature's insurance committees have scheduled an Oct. 23 meeting to discuss what can be done to help residents facing ... Rating Improves for Cameron Parish Fire District The fire protection grading in Cameron Parish's Fire District 15 has improved from Class 6 to Class 4, which will reduce fire insurance ... Dallas Man Charged With Insurance Agency Robberies Dallas police have arrested a man suspected of more than a dozen robberies at North Texas insurance businesses. Dallas County jail records ... More South Central News West Ex-Montana State Student Sues School Over Sex Assault A former Montana State University student has filed a lawsuit against the school alleging she and other women were sexually assaulted and ... Utah Man Who Topples Rock Faces Questions Over Lawsuit A Utah Boy Scout leader whose toppling of an ancient rock formation in a state park was captured in a viral online video is facing ... More West News International Europe a Reinsurance Buyer's Market Says Willis Re; Rates Down 5-10% In a report from Baden-Baden, Willis Re, the reinsurance arm of Willis Group Holdings plc, notes that "increased capacity, competition and ... Global Climate Spending Falling Further Behind Target: Report Global spending to combat climate change fell last year and remains far below the level needed to prevent its most dangerous effects, a ... Thai Floods Force Closure of 17 Factories in Industrial Zone Seventeen factories were temporarily shut on Monday in a major Thai industrial zone dominated by foreign companies, after flood waters ... Integro Acquires UK-Based Broker Doodson International insurance brokerage and risk management firm Integro announced it has acquired Doodson Broking Group, a UK-based ... ACE Appoints Weirsema to Strengthen Multinational Services in Europe The ACE Group announced the appointment of Hendrik-Jan Wiersema as Global Client Executive as it continues to invest in its offering to ... More International News Sponsored Content DONAN Gives Exclusive Tour of Component Testing Lab Louisville, KY, 10/22/13 - Donan, a forensic investigation company, has made available a free webcast about their component testing ... More Sponsored Content Insurance Journal Blogs 3 Scary Things About Insurance Marketing It's October, and I'm a bit nervous about hurricane season - and Halloween. After all, for the past two scary holidays my home was ... 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 to divide work to customer service reps Posted: Mon Oct 21 -- One of our offices is similar in size and personnel. We have one CSR who handles only PL, one CSR who handles the larger CL accounts, and... superdash8 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 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 matters 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 Administration Says 500K Americans Have Submitted Obamacare Applications Posted: Mon Oct 21 -- Yes FFA. Had you gone on the Fox site, you would have heard it and all the BS associated with it. In fact, you can click on the link and see... Agent 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 Louisiana High Court Strikes Down Immigrant Driver Law Posted: Mon Oct 21 -- No what's INSANE is giving someone a gov't issued DL without proof of being here LEGALLY. InsGuy 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? 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