Daily Headlines: Tuesday, April 30, 2013

Contact us | Subscribe | Send to a Friend

April 30, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Experts Weigh Boston Bombings' Impact on Government-Backed Terrorism Insurance The April 15 Boston bombings could have an impact on the efforts to renew the federal government's terrorism insurance backstop. Some ... BP Hit By Wave of Gulf Oil Spill Claims As Deadline Approaches BP Plc has been hit by more than 2,200 new lawsuits seeking payback for the 2010 Gulf of Mexico oil spill in the past few weeks as ... World's Hot Spots for Cargo Theft Cargo theft rates in Europe increased 24 percent on average last year from 2011, and were on the rise in Asia as well, while rates in ... GE to Pay $40M to Settle Suit Accusing It of Misleading Investors in 2008 General Electric Co. agreed to pay $40 million to settle a shareholder lawsuit accusing the company of misleading investors about its ... The Hartford Reports $241M Q1 Loss Mainly Due to One-Time Charges Hartford Financial Services Group Inc. posted a net loss of $241 million for its 2013 first quarter, compared to net profit of $96 million ... AIG Names Johnson to Succeed Bresnahan as Lexington Insurance President American International Group Inc. (AIG) has named Jeremy Johnson as president and chief executive officer of its excess and surplus (E&S) ... 10 Things to Know About Home and Auto There are more than 132 million housing units in the United States, more than 80 million of which are detached, single-family homes, and... Global Re, Excess WC Discipline Lagging: ACE's Greenberg, WRB's Rob Berkley There are now clear signs that the low interest rate environment is forcing underwriting discipline in the casualty... More National News East Storm Costs Driving Up New Jersey Auto Insurance Rates Losses from previous storms are helping to drive up New Jersey's auto insurance rates, which are already the highest in the nation. The ... Insurance Industry Charitable Foundation's Boston Chapter Launches Grants Program The Insurance Industry Charitable Foundation (IICF) Boston chapter launched its grants program by hosting its first-ever grant fundraising ... Highmark Closes $604M Buyout of West Penn Allegheny Bondholders Insurer Highmark Inc. on Monday completed a $604.2 million bondholder buyout of troubled West Penn Allegheny Health System at 87.5 cents on ... GUARD Insurance Group in Pennsylvania Names New CFO Wilkes-Barre, Penn.-based GUARD Insurance Group named Eitan Ajchenbaum as chief financial officer and treasurer, replacing Jeffrey Picker ... More East News Midwest Missouri Insurance Department Returns $6.2M to Consumers in Q1 2013 The Missouri Department of Insurance announced that consumers who filed complaints against their insurance companies received an additional ... Trade Group Urges Indiana Governor to Sign Work Comp Bill The Indiana General Assembly ended a very productive 2013 legislative session early in the morning on April 27 having passed workers' ... Governor to Sign Tougher North Dakota DUI Laws Gov. Jack Dalrymple says he will sign legislation aimed at strengthening penalties for drunken driving in North Dakota. The Legislature ... More Midwest News Southeast Florida Insurers Save Tax Credit ... For Now Florida insurers are showing some signs of relief after they convinced House lawmakers to stop a Senate bill that would have eliminated a ... Rising Seas Leave Salt Marsh Mark on South Carolina Shoreline Rising sea level may be hard to notice in cities where seawalls and docks line the shorefront. But it's easy to see down a winding coastal ... More Southeast News South Central Court Cuts Corps Back Out of New Orleans' 17th St Canal Lawsuit A federal appeals court ruling has added a new twist to a complicated legal property rights case along a canal that was breached during ... Texas Man Arrested, Charged in $3.5M Staged Accident Fraud Scheme A Duncanville, Texas, man faces federal charges in an alleged multi-million dollar staged accident fraud scheme. The U.S. Attorney's Office ... Inquiry Into Texas Blast Plagued by Regulatory Gap Federal and state officials investigating the April 17 deadly blast at a Central Texas fertilizer company are trying to determine whether a ... More South Central News West Report: Northern California Bridge Has Bolts Similar To Banned Bolts The new eastern span of the San Francisco-Oakland Bay Bridge has more than 1,200 bolts made from galvanized steel that is virtually ... Idaho Firm Pursues State Officials In IEN Lawsuit Idaho's former Department of Administration director and its chief technology officer are being targeted by a company that says they ... 40 Ex-LAPD Officers Seek Reviews Of Dismissals Dozens of fired Los Angeles police officers are taking up the chief's offer to re-examine their dismissals since a deadly rampage by ... More West News International India's Finance Minister's Insurance Reform Agenda Runs into Political Hurdles An Indian Parliament deadlocked yet again over corruption scandals threatens Finance Minister P. Chidambaram's ambitious reform agenda, ... Willis' Faber Exec Sees Re/Insurance Growth in Turkey There is huge potential for re/insurance growth in Turkey, according to Namik Gulsun, Executive Director, EMENA at facultative and ... Ratings Roundup: AGA Int'l., Aspen (Notes) A.M. Best Europe - Rating Services Limited has affirmed the financial strength rating of 'A' (Excellent) and issuer credit ratings of "a+" ... ACE Establishes Special Purpose Vehicle, Altair Re ACE Limited has established a $95 million special purpose vehicle, Altair Re, to provide additional collateralized capacity for its global ... More International News Join the Insurance Journal Network Insurance Journal TV Greenberg's View: Finite Reinsurance The cornerstone of former New York Attorney General Eliot Spitzer's campaign against AIG and... Watch Now Evolution of D&O Products D&O products have gone through a lot of changes lately. CNA Pro Claim's Todd Greeley sat down... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Agency Management System Posted: Fri Apr 26 -- I agree. I tried Googling Quikfuzion and could barely find a thing much less a website. aem84 Non Standard Farm/Ranch account Posted: Wed Apr 24 -- What are the codes and the premium? I just quoted a restoration company with similar issues and a 2.37 x-mod with a PEO. What should have... Chad Filley Insurance Noodle vs. Superior Access vs. Agent Secure Posted: Mon Apr 22 -- mdagent, Superior Access and Consolidated are General Agents that submit your information to the respective companies for a quote. Then,... ziiqui Paperless Environment Posted: Tue Apr 16 -- I completely agree with Island Girl. We started going paperless 6 years ago. The first year was a royal pain with the initial scanning but... justthere Business Loss - Travel Insurance Posted: Tue Apr 16 -- This is true. However, most people do not realize that major credit card companies also provide insurance for lost or damaged goods while... chad37 TX - Workers Comp - Contractor Posted: Tue Apr 16 -- Have you considered a Professional Employer Organization (PEO)? SOI has locations in Dallas, Houston, Austin and San Antonio as well... DOrgant What is your biggest pain as an agent? Posted: Mon Apr 15 -- 1) Billing questions, non payment cancelations, reinstatement request of bad pay clients. 2) Binder requests... yoyowordup Go to Forums Reader Comments Deal OK'd in Muslims' False Advertisement Suit Against McDonald's Posted: Wed Apr 24 -- Like the McDonald's "hot coffee" case (where McDonalds was knowingly and continually burning customers...and doing nothing to correct their... insurance is fun! U.S. Expected to Seek Limits on Car Touchscreens Posted: Thu Apr 25 -- I think cars should be updated with a version of Apple's Siri or similar software with voice recognition. That way, when I get road rage and... reality bites Oklahoma House Kills Texting and Driving Ban Again Posted: Thu Apr 25 -- What part of dangerous driving activity do these pinhead house members not understand? The cell addicts are pretty powerful in Texas as... Agent Travelers Q1 Profit Up 11% to $896M; CEO Says 'We Will Keep Going' on Rate Hikes Posted: Thu Apr 25 -- The 1 "dislike" to this post must be from a Travelers employee - obviously. MeIsEinstein 2 Judges Consider State Farm Rates in Texas Posted: Fri Apr 26 -- As I recall, State Farm had a lot of litigation some years ago when they failed to roll back rates after the mold crisis when the other... Agent Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue April 22, 2013 Top 50 Apps for Insurance Agents; Entertainment, Sports & Special Events; Directors & Officers Liability 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 Manager, E&O Dept Underwriting Analyst Consulting Chief Underwriting Officer - W.C. Insurance Sales Agent 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. View our Media Kit for advertising options in our magazines and online properties. Subscribe | Unsubscribe | Send to a Friend | Contact Us Insurance Journal 3570 Camino del Rio North, Suite 200 San Diego, CA 92108 (800) 897-9965 Copyright © 2013 by Wells Media Group, Inc.