Tuesday, March 19, 2013

Daily Headlines: Tuesday, March 19, 2013

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Insurance Journal Daily Headlines
March 19, 2013
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Cooper Gay Swett & Crawford Moving to 'Next Level,' Says CEO Esser

On the last day of February, international independent broker Cooper Gay Swett & Crawford (CGSC) made some significant changes in the ...

Expected Small Airports' Tower Closures Raising Safety, Insurance Concerns

When landing a plane amid birds, bobcats or alligators, it helps to have an air traffic controller on the lookout. But many small airports ...

More U.S. Than European Drivers on Phone: Study

Distracted driving is more widespread in the U.S. than in Europe, according to a study that surveyed drivers about their cellphone and ...

Senate Committee Approves SEC, Consumer Financial Bureau Chiefs

A U.S. Senate panel on Tuesday voted 21 to 1 in favor of Mary Jo White to lead the U.S. Securities and Exchange Commission, moving her ...

Survey: Rate Increases Ahead for Architects, Engineers Despite Stable Market

For the second consecutive year, the insurance market for architects and engineers professional liability insurance continued its firming ...

Buffett's Salary Unchanged After 25 Years

Warren Buffett's total compensation declined 14 percent last year to $423,923 as Berkshire Hathaway spent less on his security, but his ...

From MyNewMarkets.com Agents Hang Onto P/C Market But Lose Ground in Personal Auto: Study

After experiencing dwindling premiums for years, the property/casualty insurance industry managed to grow substantially in 2011. Independent...
Carrier Management

Too Much Analysis Primes Whistleblower Suits: Lawyer

If your company uses a detailed analytical process to arrive at projections of growth or earnings, that process may make...
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East

William Gallagher Associates Names Executive VP in Boston

William Gallagher Associates, a Boston-based broker and risk management services provider, announced that Amy Sinclair has been promoted to ...

Aon's New York Office Appoints Middle-Market Sales Leader

Aon plc, a global provider of risk management, insurance and reinsurance brokerage, and HR consulting and outsourcing services, announced ...

New Maps Put 33K More New Jersey Homes in Flood Zones

New Jersey's adoption of expanded flood maps in the wake of Superstorm Sandy has put more than 33,000 additional residential buildings in ...

FEMA Buying Out 90 Flood Damaged Vermont Homes, So Far

The Federal Emergency Management Agency has agreed to buy out a total of 90 properties across Vermont that were damaged by Tropical Storm ...
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Midwest

Michigan Office for Financial, Insurance Regulation Becomes Department

Michigan's office dealing with financial and insurance regulation has been elevated to department status. The Department of Insurance and ...

Judge Overturns Missouri Law on Birth Control Coverage

A federal judge has struck down a Missouri law exempting moral objectors from mandatory birth control coverage because it conflicts with an ...

J.M. Wilson Announces Office Moves in Illinois, Wisconsin

Managing general agency, J.M. Wilson Corp., announced that its Illinois and Wisconsin branches have moved to new locations. With support ...
Southeast

Is This Right Time to Restructure Florida CAT Fund?

A move to restructure Florida's state-run property reinsurance facility by lowering its financial obligation to insurers is facing an ...

Alabama, Georgia Homes, Businesses Still Without Power Following Storms

About 130,000 homes and businesses were still without power early Tuesday in Alabama and Georgia following severe thunderstorms on Monday. ...
South Central

Arkansas River Barge Operators Fear Impact of Cuts on Business

Businesses that rely on barge traffic on the 440-mile McClellan-Kerr Arkansas River Navigation System to move fertilizer, grain and other ...

Lock, Take and Hide Signs Working in Mesquite, Texas

The Mesquite Police Department reports the simple message from the Lock, Take and Hide crime prevention signs have had a tremendous impact ...

Yurkovich Rejoins Texas Mutual as Senior VP of Strategic Planning

Workers' compensation insurance provider, Texas Mutual Insurance Co., announced that Joe Yurkovich has accepted the position of senior vice ...
West

SIAA Grows 3 Agencies in West in February

The Strategic Insurance Agency Alliance signed three new member agencies in February. February's new Western region members include: ...

Proposed Settlement In New Mexico Smaller Than Jury Award

The family of an Iraq War veteran who was fatally shot by a police officer wanted to settle a lawsuit against the city of Albuquerque for ...

Wells Fargo Names Haskell Managing Director for Pacific Northwest

Wells Fargo Insurance named John Haskell managing director for the Pacific Northwest. Haskell will lead business development, client ...

Trittipo Joins Bliss & Glennon in Southern California

Bliss & Glennon Inc. named John Trittipo assistant vice president in the company's Redondo Beach, Calif. office. Trittipo is tasked with ...
International

Aon Unveils 2013 Interactive Political Risk Map; Focus on Emerging Markets

To complement its print version, Aon Risk Solutions, the global risk management business of Aon plc, has unveiled a new online and ...

Cyprus Bank Deposit Tax Sets 'Dangerous Precedent,' Says IIF Head

A proposal to impose a tax on bank deposits in Cyprus sets an "incredibly dangerous precedent" and undermines confidence built up in recent ...

Rose Joins Argo Group as Chief Investment Officer

The Bermuda-based Argo Group International Holdings announced that Mark H. Rose has joined Argo Group as chief investment officer. He ...
Insurance Journal Blogs

With Rates Expected to Drop, Cat Fund Reform Should Be a No-Brainer

For four out of the last seven years, the Florida Hurricane Catastrophe Fund has been projected to have a shortfall should a major ...

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Insurance Journal TV

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Gordy Bunch on Growth at The Woodlands Financial Group

Richard "Gordy" Bunch, president and CEO of The Woodlands Financial Group, readily concedes...
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Cost of Disaster Relief: IBHS CEO Rochman

Why does it seem easier for society and, in particular, government to respond by spending lots...

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New Discussions in the Forums

What is your biggest pain as an agent?
Posted: Mon Mar 18 -- Dealing with incompetence. This can be anyone from a carrier CSR or billing rep to a lender or financial institution. There is incompetence... sillyphil
Insurance agencies for sale ?
Posted: Mon Mar 18 -- I've got an idea or two. First, contact your broker who handles your E&O agency policy...they're going to know first when an agency is ready... d's insurance store
Insurance directories??
Posted: Sun Mar 17 -- I agree the BBB is a great directory to use and it will provide a boast to the rankings Google applies to your site. The more trusted the... BestCarCoverage
AI request on form 126 - where do you
Posted: Sat Mar 16 -- I was talking to some agent friends this week, they each work at a different agency. We started discussing completed Acord forms. One agent... etimer
Arizona broker fees
Posted: Fri Mar 15 -- As a general rule unless there is specific regulation prohibiting or limiting fees on surplus lines there is "freedom of rate and form" and... INTLXS
Astonish Results or Squid
Posted: Fri Mar 15 -- NYagent301- I'm also a 24 year veteran industry professional...while its true everyone is Entitled to their personal opinion, and It's true... Pathwayinsurance
Online Competition
Posted: Fri Mar 15 -- "I believe you are incorrect in your assumption. Clients do want value. You just need To take steps to educate them on why they need value.... Robert742
Trailer Interchange 75k Delaware
Posted: Tue Mar 12 -- Does anyone have a market for $75k in trailer interchange coverage, and $250k cargo coverage that would include the insured hauling 3 -5... DIG2013

Reader Comments

Applying for Obama Health Care Plan Daunting Task
Posted: Fri Mar 15 -- Planet: I already posted a CBO link on regarding the Iraq war spending. Those are the numbers. When numbers don't line up with what you... Bob
Mississippi House Revives Guns in School Proposal
Posted: Thu Mar 14 -- Moore, a small government Republican, thinks it would be just great to have the government put trained snipers at all schools to 'protect'... ExciteBiker
AIG Shareholders Gain Class Action Status in Greenberg's Bailout Suit
Posted: Tue Mar 12 -- Why oh why could we not have let this POS company and their greedy POS shareholders fail and go out of business? This whole narrative... Dave
MetLife Moving 2,600 Jobs to North Carolina from Northeast, California
Posted: Tue Mar 12 -- >The new jobs, paying average salaries of nearly $82,000 a year, would include product management, marketing, sales and customer support... Celtica
New Mexico Drunken Driver Explains Suit Against Friend, Restaurants
Posted: Fri Mar 15 -- Absurd Rationale. SteveB

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March 11, 2013
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