Daily Headlines: Wednesday, October 23, 2013

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October 23, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Is Obamacare Headed for Death Spiral? Another week has passed, which apparently means that it's time for another terrifying article from Sharon LaFraniere, Ian Austen and Robert ... Aspen Re Forms Rock Re in U.S. for Facultative Brokered Property Bermuda-based Aspen Reinsurance, the reinsurance segment of Aspen Insurance Holdings Limited has formed Rock Re, a new dedicated brokered ... Amwins Group Seeks $175M Acquisition Loan North Carolina-based wholesale brokerage Amwins Group Inc. is seeking a $175 million add-on term loan for an acquisition. The insurance ... Program Business Market Grows 10% to $27B, TMPAA Study Finds The Target Markets Program Administrators Association (TMPAA) released the results of its annual research to document the size, ... Westrope Named President of Surplus Lines Group, NAPSLO Kevin T. Westrope, president of Westrope, an independent wholesale brokerage based in Kansas City, Mo., has been elected to serve as the ... U.S. Unveils Draft of Voluntary Corporate Cybersecurity Standards A U.S. bureau on Tuesday unveiled a draft of voluntary standards that companies can adopt to boost cybersecurity - part of an attempt to ... 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... Will Biggert-Waters Save the NFIP? No, It's Not Even Close The Biggert-Waters Flood Insurance Reform Act (Biggert-Waters) was enacted in 2012 with the goal of reforming and... More National News East N.J.'s Sandy Victims Tell State Panel: Insurance, Red Tape Are Horrendous Nearly a year after Superstorm Sandy, victims of the storm told a New Jersey state panel that insurance woes and bureaucratic red tape are ... Washington Metro Settles Lawsuit Against Aon Stemming From 2009 Crash The Washington Metropolitan Area Transit Authority (Metro) has agreed to settle a lawsuit against its insurance broker that stemmed from ... Connecticut to Help East Haven Residents Apply for Sandy Recovery Funds The state of Connecticut will open an office in East Haven to help residents apply for money from a Superstorm Sandy disaster recovery ... More East News Midwest Blizzard-Lost Plains Cattle Will Hurt Area Economy An early October blizzard that killed tens of thousands of cattle in western South Dakota will have a staggering impact on the regional ... Iowa State Troopers Target Out-of-State Drivers Drivers with out-of-state plates are much more likely to be stopped by the Iowa State Patrol when they drive in the state. The Des Moines ... North Dakota Town Pursuing Scaled-Down Flood Control Project Officials in Grafton are pursuing a scaled-down project that would provide flood protection for at least some of the northeastern North ... More Midwest News Southeast Florida Regulators Disapprove NCCI's 1% WC Rate Increase Proposal Florida Insurance Commissioner Kevin McCarty today issued an order notifying the National Council on Compensation Insurance (NCCI) that its ... Florida Court Reverses Itself: 104-Week Limit on Temporary Benefits Constitutional A Florida district court has overturned an earlier ruling that found a 104-week limit on an injured worker's temporary benefits ... Two Arrested in Alleged Staged Accident Scam in North Carolina North Carolina's Insurance Commissioner Wayne Goodwin this week announced the arrest of two people in an alleged insurance fraud scheme ... More Southeast News South Central RHB Management to Acquire 2 Republic Group Subsidiaries Dallas-based Republic Group announced that RHP Management LLC will acquire all of the outstanding shares of common stock of Republic ... 2 Teens Severely Burned in Arkansas Haunted House Fire Two teenagers working as volunteers at a northeast Arkansas haunted house suffered severe burns when another worker poured paint thinner ... Old Arson Cases in Texas Being Reviewed by New Panel A new review by the Texas State Fire Marshal's Office of old arson cases that might have relied on bad science has so far discovered three ... More South Central News West Suit Disputes Oregon's Claim in Malpractice Award A former Eugene woman is trying to keep the state of Oregon from claiming more than $200,000 from a medical malpractice settlement she ... Two Legacy Network Executives in Idaho Sentenced The former founder and chairman of the board of The Legacy Network, an insurance brokerage agency in Rexburg, Idaho, and his son were ... California Construction Firm Owner, Family Sentenced for WC Fraud The owner of a Northern California construction company and his family members in were convicted of committing workers' compensation ... SCM Names White Communications Director in Southern California SullivanCurtisMonroe Insurance Services LLC named Candice White director of marketing and communications in its Irvine, Calif. office. ... Cook Named Vice President of Risk Management for IMA in Colorado IMA Inc. named Lawrence Cook to its risk management team as a vice president. Cook will be focused on the management of existing captive ... More West News International AIR Reports on New South Wales Bushfires; State of Emergency Bushfires that started last week in the Australian State of New South Wales have been exacerbated by hot, dry, and windy conditions spread ... United States Urges More Flexibility in new Global Climate Deal The United States called on Tuesday for a more flexible approach to a new United Nations' climate deal which balances the needs of all ... Hannover Re Sees Higher Rates in Germany on Floods, Hailstorms Hannover Re, the world's third largest reinsurer, said it expects higher rates for insurance and reinsurance in Germany following this ... Willis to Allocate Share of London Business to Pre-Selected Insurers Willis Group Holdings Plc, the third-largest insurance broker by market value, agreed to allocate as much as 25 percent of premiums from ... More International News Insurance Journal Blogs Selling Value Selling Value not Price. As a consumer, do you always buy the cheapest product or service you can find?  If you are like most ... 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 Phone Line System Help Posted: Tue Oct 22 -- Last time I shopped for a phone, I had 3 different reps come in and give me their proposals. It's like buying an insurance program. You want... yoyowordup It can happen to us too Posted: Tue Oct 22 -- Does a serial # really help? What are the chances that they find your laptop? I'm sure there is a chance, but I'm guessing very slim. Most... yoyowordup 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 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 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 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 Florida Condo Developer Sues Residents Over Website Posted: Tue Oct 22 -- The Truth Hurts. Cheetoh Mulligan Rhode Island Lawmakers Get Grim Report on Sea Level Rise Posted: Fri Oct 18 -- Well, some people don't live in reality. Some live in Faux Newsland. The planet is alive and we know we do things to kill it and the... Captain Planet 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 Director, Operations Finance Claims Professional Program Manager I New Business Underwriter - Travel Have a job opening? List it on our Web site. How to Advertise For information about advertising on this newsletter and Insurance Journal magazines, contact Julie Tinney at (800) 897-9965 x148. 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