Daily Headlines: Tuesday, October 29, 2013

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October 29, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Usage-Based Auto Insurance on Road to Becoming Standard Offering Technology is spurring innovation and altering risk scenarios throughout the economy including in auto insurance. While advanced auto ... Hartford Profit Up As Focus Shifts to P/C Insurance Hartford Financial Services Group Inc.'s profit surged as the insurer focused on property/casualty coverage after divesting life and ... Justice Department Wielding FIRREA in Financial Fraud Cases The U.S. Department of Justice appeared to have struck gold last week with the law it wielded against one of the nation's largest banks ... Rusbuldt on McKinsey 2: Agent-Carrier Relationships Make a Difference Bob Rusbuldt, president and CEO of the Independent Insurance Agents and Brokers of America - the Big "I"- takes issue with a McKinsey ... CGSC Names AIG Ex-CEO Sullivan as Non-Executive Chairman for U.S. Cooper Gay Swett & Crawford (CGSC), a global wholesale and reinsurance broking group, has appointed Martin Sullivan as non-executive ... ProWriters Launches Small Business Online Quoting Platform ProWriters is now providing agents and brokers access to online quoting and binding for small business professional liability insurance ... Q&A: Why Carrier Product Technology is an Indicator of Organizational Culture, Priorities The perception that the insurance industry does not embrace or utilize technology as efficiently as it could is simply not true, says Craig... Lawsuit Against Silicon Valley Hiring Practices Gets Class-Action Status A U.S. judge accorded class-action status to a lawsuit that alleges broad conspiracy among major Silicon Valley... More National News East 1 Year After Superstorm Sandy: Quick Economic Facts Superstorm Sandy made landfall as a post-tropical cyclone on the U.S. East Coast October 29, 2012 after cutting a destructive path through ... 1-Year Anniversary of Sandy Offers Lessons Learned for Coastal Residents One year ago, Superstorm Sandy struck a dozen states in the Northeast and became the third costliest storm in U.S. history, after ... States Hit by Sandy to Get Next $5B of Recovery Funding Federal officials on Monday unveiled plans for a second round of Superstorm Sandy disaster relief totaling $5 billion for five states and ... Penn State Announces $59.7M Settlement With Sandusky Victims Penn State officials announced Monday that over the past few months the university has reached agreement with 26 of the victims of former ... Study Tracks Latest Changes in N.Y. Workers' Comp System After 2007 Reforms The ongoing effects of workers' compensation reforms enacted in New York in 2007 are monitored by the Workers Compensation Research ... 12 Strange Weather Features of Superstorm Sandy Superstorm Sandy set several records and was unusual in even more ways. Here are 12 strange weather features of Sandy: 1. Size: With ... More East News Midwest Higher Speed Limit in Ohio Hasn't Led to More Tickets Troopers have written fewer tickets on some stretches of Ohio highways where the speed limit was bumped to 70 mph earlier this year, ... Berkshire Hathaway GUARD Adds Rentie in Midwest Berkshire Hathaway GUARD Insurance Cos. recently appointed William Rentie as a senior field representative for the Midwest. In 2013, the ... More Midwest News Southeast Medical Bills Pile Up for Tennessee Meningitis Victim More than a year after a routine steroid injection turned into a painful fungal infection that nearly killed her, Marjorie Norwood is still ... West Virginia Investigating House, Creek Damage from Fracking Spills State regulators are investigating spills from a drilling operation in West Virginia's Ohio County that damaged a house and entered a ... More Southeast News South Central Texas Holds Oct. 30 Hearing on Windstorm Liability Limit Increases The Texas Department of Insurance will hold a hearing on Oct. 30 to consider a petition by the Texas Windstorm Insurance Association to ... Court Says Oklahoma Tribe Immune from Dramshop Liability Lawsuit The Oklahoma Supreme Court, reversing a previous ruling, says a family injured in a 2006 auto accident cannot sue the Peoria Tribe or its ... More South Central News West DWC OKs Carve-Out Covering 22K Southern California Workers The Division of Workers' Compensation announced a carve-out agreement between seven Southern California United Food and Commercial Workers ... Fitch Affirms California Earthquake Authority's 'A' Rating Fitch Ratings has affirmed the "A" rating on California Earthquake Authority's outstanding fixed-rate revenue bonds, which mature on July ... More West News International Europe Battered by Winter Storm Christian: AIR Worldwide Analysis Catastrophe modeling firm AIR Worldwide reported that "winter storm 'Christian' (known as 'St. Jude in the United Kingdom) battered the ... India's Iran Oil Imports Drop as Refiners Await Insurance Fund India's crude imports from Iran fell 40 percent in the first nine months of this year as some refiners cut purchases from the sanctions-hit ... PartnerRe Posts $333.4 Million Q3 Net Income; $392.2 Million 1st 9 Months Bermuda-based PartnerRe Ltd. reported a net income of $333.4 million, or $5.84 per share for the third quarter of 2013, which "includes net ... Arch Capital Posts $109.3 Million Q3 Net Income; $531.78 Million 1st 9 Months Bermuda-based Arch Capital Group Ltd. reported net income available to common shareholders for the 2013 third quarter of $109.3 million, or ... Montpelier Re Reports $53 Million Q3 Net Income; $117.8 Million for 9 Months Bermuda-based Montpelier Re Holdings Ltd. reported its financial results for the quarter ended September 30, 2013. The bulletin said: ... Storm Kills Five in UK, Netherlands; Causes Power Cuts, Travel Chaos Hurricane strength winds battered Britain and the Netherlands on Monday, killing five people, cutting power and forcing the cancellation of ... More International News Join the Insurance Journal Network Insurance Journal TV Rusbuldt on McKinsey 1: Consultant Misses the Mark on Independent Agents Bob Rusbuldt, president and CEO of the Independent Insurance Agents and Brokers of America... Watch Now Aon Benfield's Goran Trendafiloski Explains Cat Models - and More Insurance Journal's Charles Boyle interviewed three specialists from Aon Benfield's... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Travelers reducing commissions Posted: Tue Oct 29 -- 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... Pathwayinsurance New Insurance Agency Posted: Tue Oct 29 -- It is very difficult to get an appointment as a new agency...we were only able to do so because I was one of the top performing captive... Pathwayinsurance It can happen to us too Posted: Tue Oct 29 -- We also had a claim, not theft related but our water heater burst in our office causing much damage. We tell... Pathwayinsurance Erie Insurance, feedback please. Posted: Tue Oct 29 -- Hey guys, Thanks for the tips, advice, and feedback. I did speak with an Erie agent, he loves the company. But he only receives 10%... Pathwayinsurance New Phone Line System Help Posted: Mon Oct 28 -- As someone who has been on the traditional PBX system, to VOIP (to another VOIP) and then finally moved back to a traditional PBX. I was on... Smalltownagent 7 day insurance policy Posted: Thu Oct 24 -- Is this for a personal auto policy? The only thing I've seen is a binder the dealership can purchase for the buyer. They are between 4-30... dcamp SCUBA Dive Shop Posted: Thu Oct 24 -- If you're still having difficulty placing this account I would contact Bliss and Glennon. They helped me place several Yacht cleaners... Shagster121261 New lead model question - could cost per sale work? Posted: Wed Oct 23 -- I am a little late to the conversation. Are you looking at doing health and life leads? I am starting a new agency in North Carolina and... bakulmm Go to Forums Reader Comments Florida Condo Developer Sues Residents Over Website Posted: Tue Oct 22 -- The Truth Hurts. Cheetoh Mulligan Arkansas Judge OKs Class-Action Status in Marlboro Lights Suit Posted: Thu Oct 24 -- Let me preface that I am an ex-smoker but still think that people have the right to smoke if they want. I am sick and tired of tobacco... WyomingAgent Administration Says 500K Americans Have Submitted Obamacare Applications Posted: Tue Oct 22 -- Nan Says - "It took 3 weeks just to work the "bugs" out and we are still encountering issues." we don't have three weeks. He only gave... FFA Bipartisan Deal Reached to Delay Flood Insurance Premium Hikes: Waters Posted: Mon Oct 28 -- I am still laughing. Where are all my capitalistic, market crazy Republican friends who should be insisting the rates be market rates, no... JohnS Idaho Lawsuit Is Latest Claim Against Remington Posted: Mon Oct 28 -- basic principle of firearm use/handling: never point it in any direction that might cause injury should it misfire. why would he have been... bob 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 Commercial Lines Account Manager Program Manager II Program Manager I Claims Business Analyst - auto Have a job opening? List it on our Web site. 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