Wednesday, November 13, 2013

Daily Headlines: Wednesday, November 13, 2013

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Insurance Journal Daily Headlines
November 13, 2013
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Clinton, Democrats Pressure White House to Amend Healthcare Law

The growing pressure on President Barack Obama to adjust his problem-plagued healthcare law seemed to boil over on Tuesday, as leaders of ...

Reinsurer Arch to Help Freddie Mac Cover Mortgage Losses

Freddie Mac bought insurance covering a portion of losses on a pool of home loans from Arch Capital Group Ltd.'s Arch Reinsurance Ltd. ...

MarshBerry Survey Reveals an Optimistic Marketplace: Part 1

In June of this year, MarshBerry launched its 28th Annual Market & Financial Outlook Survey in conjunction with Insurance Journal. The ...

Allstate's Bailey Joins Marsh As Head of U.S., Canada Sales

Insurance broker Marsh has appointed Donald Bailey as its new head of sales for U.S. and Canada. In this newly created position, Bailey ...

Berkshire Hathaway Specialty Adds Healthcare Risk Management

Berkshire Hathaway Specialty Insurance is expanding its healthcare professional liability capabilities to provide customers with customized ...

Report Calls for Prior Approval for All States

Holding automobile insurance regulation in California as an example, the Consumer Federation of America issued a report on Tuesday showing ...

Supreme Court Justices Probe Private Company Whistleblower Protections

U.S. Supreme Court justices on Tuesday signaled they may have some difficulty deciding whether employees at private firms that contract ...

From MyNewMarkets.com Insurance Kiosks the Wave of the Future?

Milk…check; Eggs...check; Bread…check; Car insurance…wait, what? Most Americans' grocery lists don't typically read this way, but...
Carrier Management

Tech Critical to Strengthening Insurance Underwriting: Survey

An overwhelming majority of underwriters (93 percent) perceive investment in technology as the best way to improve...
Sponsored by: Carrier Management. Critical Information for P/C Execs and Directors. A special thanks to our sponsor TransUnion. Click here for more information.
East

Pittsburgh Bishop: Won't Let Health Insurer Give Disputed Coverage

The Roman Catholic bishop of Pittsburgh says that he will refuse to sign a document allowing a third-party insurer to provide preventative ...

Mass. DOI Announces Q3 Enforcement Actions, Settlements

The Massachusetts Division of Insurance recently published a list of enforcement actions taken against producer licensees for the 2013 ...

Protections Sought by Nannies, Other Massachusetts Domestic Workers

Nannies and other domestic employees in Massaschusetts who say they are often forced to put in long hours without the same legal ...

Arbella Expands Carpartment Insurance to Connecticut

The Arbella Insurance Group has expanded Carpartment insurance to Connecticut, via Bearingstar Insurance agents. Designed to help make ...
Midwest

Detroit Mayor-Elect Duggan's Plans Include City-Run Auto Insurer

Detroit Mayor-elect Mike Duggan rescued a county, a bus system and a 14,000-worker hospital network, served as a prosecutor, plotted ...

Indiana Students Develop Plans to Fight Nature's Fury

Jerzie Eagle and Liesl Elkin pointed to their topography map that showed the eight acres of flood-prone land around Carter and Murden ...

Garden City, Kansas Expects $300K in Sewer Claims

Garden City, Kan., officials are expecting city residents to file more than $300,000 in claims after a recent sewage pump malfunction at ...

Missouri Insurance Department Returns $12.8M to Consumers

The Missouri Department of Insurance announced that consumers who filed complaints against their insurance companies received an additional ...
Homeowners Association Directors and Officers - New webinar from Academy of Insurance
Southeast

Gulf Shrimper Pleads Guilty to Defrauding Oil Spill Claims Fund

A Mississippi man has pleaded guilty to a fraud charge involving $36,300 he received in oil-spill recovery money. The Sun Herald reported ...

Tupelo, Mississippi's New Residents Could Face Double Charges for Fire Services

City residents annexed by Tupelo, Miss., in 2012 may see two charges for fire protection when they open their tax bills in less than a ...
South Central

CPro Associates Adds Buckley, Savage in Binding Authority

CPro Associates, a Dallas-based surplus lines wholesaler and managing general agency, has expanded its binding authority unit. Bill Buckley ...

Central Texans' Interest in Flood Insurance Rises Along with Claims

Insurance agents in Austin, Texas, report the interest in homeowners obtaining flood insurance coverage has risen dramatically after two ...

Baker Joins LevelFirst in Dallas

LevelFirst, a wholesale broker and managing general agency based in Dallas, Texas, has announced a new staff addition. Sara Baker has ...
Sponsored by: Texas Mutual Insurance Company. A dividend is something a business owner can look at and say to the entire company 'We did a good job'. Click here for more information.
West

California Lawmaker Removed from Committees Amid FBI Probe

California State Sen. Ron Calderon was stripped of his committee assignments Tuesday amid a federal investigation involving allegations ...

Lockton Taps Weber as Vice President in Colorado

Lockton's Denver, Colo. operation named Shellie Weber vice president of human resources. Weber will focus on organizational and people ...

Utah Mortgage Company To Pay $13.2M in Settlement

A Utah mortgage company and two of its top officers will pay $13.2 million in refunds and fines in a settlement that puts an end to a ...
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International

Much of Eastern Asia Underinsured for Weather As Risk, Values Rising

Insured losses from weather-related events in Eastern Asia amount to only about 10 percent of the $700 billion in total losses accumulated ...

New Global Ratings Agency to Vie with Moody's, S&P, Fitch

Credit ratings organisations from five countries are launching a new global agency, touting it as an alternative to the Big Three agencies ...

Doubts About CEO's Controls at Insurer Raised by RSA Irish Accounting Inquiry

In September, RSA Insurance Group Plc Chief Executive Officer Simon Lee expanded the role of his top Irish lieutenant, Philip Smith, and ...

Liberty Mutual to Enter Mexico with Acquisition of Surety Company

Liberty Mutual Insurance said it will acquire Mexican surety company Primero Fianzas from Grupo Valores Operativos Monterrey, a private ...

Europe Appears Close to Agreement on Solvency II Insurance Rules

Europe may be nearing an agreement on rules that aim to make insurance companies safer after 13 years of wrangling between politicians, ...

Dhanin's CP Group Pledges 880.2 Million Ping An Shares to UBS

Charoen Pokphand Group Co., the largest stockholder in Ping An Insurance Group Co., pledged about 880.2 million Hong Kong-listed shares in ...
Sponsored Content

Atlas General Insurance Services Recognized as a Top Workplace and a Medallion Winner in the Workplace Excellence Awards by the U-T San Diego and the San Diego Society for Human Resource Management

San Diego, CA, 11/13/13 - Atlas General Insurance Services is pleased to announce that it has been selected as a winner in the small ...
Insurance Journal Blogs

40 Years On, Mount Kisco Child Care Center Serves Working Families

Fragile. At risk. Low income. Recent immigrant. These terms describe some of the families whose children attend Mount Kisco Child Care ...

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Markets in Motion - Sports & Entertainment Venue

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A World With or Without TRIA

Since the creation of the federal terrorism reinsurance program in 2002 until now the market...

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New Discussions in the Forums

"On-Loan" Fine Art
Posted: Wed Nov 13 -- I'm not sure why this is a problem. Have you been turned down by the retail shop's package policy carrier? Unless the fine artwork is... yoyowordup
Georgia and Mississippi WC Exemption question
Posted: Wed Nov 13 -- GA. I noticed there were no replies because nobody clearly knows. They are called Phantom Policies. A certificate that indicates there is a... BOPCITY
Travelers reducing commissions
Posted: Tue Nov 12 -- I can remember when national companies treated their agents like the regionals do now. Back then they really acted like they valued the... Long Island agent
Erie Insurance, feedback please.
Posted: Tue Nov 12 -- I've been in the insurance business for a long time; 39 years, 38 years in the agency side, and 30 years as an agency owner. One important... Long Island agent
SEO and buying back links
Posted: Mon Nov 11 -- Yes, buying back-links can build up your SEO, but it would be best to actually work on it yourself. Just start off with a simple blog and... PMG Agency
Hartford School of Insurance
Posted: Mon Nov 11 -- I just sent two of my new CSRs through this program. They both did the virtual calssroom (online) version and I think it is the bet one... superdash8
Plaza Insurance for Para Transit
Posted: Thu Nov 7 -- Does anyone know of any MGA's that have access to Plaza Insurance for auto liability on a Para Transit company? taximan
Free CE Classes in Martinsville and Danville, VA
Posted: Wed Nov 6 -- Hi all, I need assistance in finding some free CE Classes in Martinsville and Danville, VA area. Please advise. Thank you for your help in... Helenhsu45
CA liability coverage for product - Gopher Gasser
Posted: Tue Nov 5 -- Hartford will cancel current GL policy if this product in production. The market from AgentSecure decline it. Let me try Bliss & Glennon. antagent

Reader Comments

Senate Expected to Pass Gay Workplace Rights Bill Opposed by House
Posted: Thu Nov 7 -- So what!?!?!? What are you saying? That white males should take priority over everyone else? I'm a white male and I'm all for employers... insurance is fun!
Older Drivers Catching Up with Younger in Distracted Driving: Survey
Posted: Tue Nov 12 -- Welcome to the "Me, Myself, and I" culture. Here is some recommended advice. Rule One -- Put your phone in the glove box before you start... ExciteBiker
Arizona Legislator's Close Call in I-10 Dust Storm Prompts Call for Action
Posted: Wed Nov 6 -- Huh! How about we ask the Department of Interior or the US Senate or whatever legislative body can be done about hurricanes? Ridiculous!... Vickie
Pennsylvania Diocese: Birth Control Mandate 'Historic'
Posted: Thu Nov 7 -- The church seems to know a little bit about the use of invisible ink. insurance is fun!
Washington Driver Blames 'Gorilla' For Causing Crash
Posted: Wed Nov 6 -- Is she sure it wasn't a deer in a gorilla costume? Whodathunkit?

Current Issue

November 4, 2013
Current Issue
Focus on Professional Liability / PLUS; Habitational / Dwellings; Agents' E&O Survey; Bonus: Free Ad Readership Study ($2,500 Value); Bonus: The Indiana Issue (Special Supplement)

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