Wednesday, July 31, 2013

Daily Headlines: Wednesday, July 31, 2013

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Insurance Journal Daily Headlines
July 31, 2013
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Rates Up Moderately in U.S. in Q2 But Down Elsewhere: Marsh

Insurance rates in most major regions including Latin America, Asia-Pacific, the UK and continental Europe declined modestly in the second ...

Fracking Tied to Drinking Water Damage by EPA Regional Official

Gas drilling caused "significant damage" to drinking-water aquifers in a Pennsylvania town at the center of a fight over the safety of ...

Crop Insurance, High Crop Prices Leading to Eco-Catastrophe: Environmental Group

Sustained high prices for corn, soybeans and wheat combined with record U.S. crop-insurance payouts are encouraging farmers to plow fragile ...

Mercedes Most Popular Luxury Car Among U.S. Thieves

Daimler AG's Mercedes-Benz vehicles were the most sought-after luxury brand among U.S. car thieves from 2009 through 2012 as the New York ...

U.S. Safety Rule for Oil Trains Delayed for Year

The Obama administration has delayed by nearly a year a plan to boost safety standards for the type of rail car involved in a fiery ...

Transportation Insurer National Interstate Posts Surprise Loss

National Interstate Corp., the insurer majority owned by American Financial Group Inc., plunged the most since 2008 after reserves for ...

How Do You Market? Share Your Best Sales & Marketing Tip

What's your best sales and marketing idea? How do you target new business in your independent agency? Insurance Journal is on the hunt for ...

Farmers Launches New Corporate Logo

Farmers Insurance has unveiled a new corporate logo as part of the company's next "evolutionary step," the Los Angeles-based carrier ...

Insurers, Customers Were Kept Safe from 2008 Financial Crisis: GAO Report

At a time when efforts are underway to require additional supervision of some large insurers, a new government report concludes that the ...

From MyNewMarkets.com W.R. Berkley Q2 Profit Up 6%; Rates Up 6.5%; CEO Comments on Berkshire

W.R. Berkley Corp. reported $116 million net income for its 2013 second quarter, up more than 6 percent from $109 million net income posted...
Carrier Management

How To Own Your Risk: AIR Worldwide Explains Touchstone

Released in January 2013, AIR Worldwide's Touchstone modeling platform was five years in the making, according to the...
Writing Property and Liability Coverage for Condos - get this mini-book for just $12.95 from Academy of Insurance
East

N.J. Offers Tips to Assist Consumers Who Purchase Auto Insurance Online

New Jersey Department of Banking and Insurance Commissioner Ken Kobylowski is offering tips to shoppers to help them make educated choices ...

Connecticut Regulator Advises Consumers: Don't Be Fooled by Misleading Ads

The Connecticut Insurance Department on Tuesday issued an announcement urging consumers to be aware of unlicensed businesses promoting on ...

USI Appoints Senior Benefits Consultant in New York Office

USI Insurance Services appointed Deborah Watters as senior benefits consultant. She is based in USI's New York metropolitan office. Watters ...
Midwest

Zurich Relocating Chicago Office to Greener Work Environment

Zurich North America will relocate its Chicago office to a LEED-certified building in a location that accommodates its downtown-based ...

New Law Means New Penalties For Minnesota Arsonists

Costly-to-fight wildfires that are intentionally set in Minnesota will soon carry tougher penalties under a new law. The enhanced arson law ...

Companies Bringing Safety Technology to Grain Storage

The one sure-fire way to avoid dying in a grain bin is to stay out. That's where Scott Haugan and some high-tech wizardry come in. The Des ...
Southeast

Florida, Georgia Say Individual Insurance Rates to Spike Under Obamacare

Florida and Georgia, two states where politicians oppose U.S. President Barack Obama's healthcare law, said this week that insurance rates ...

West Virginia Man Pleads Guilty to False Mine Safety Reporting

A southern West Virginia mine foreman faces up to five years in prison after pleading guilty to falsifying safety reports at four mining ...
South Central

Agency Releasing Funds For Texas City's Ike Recovery

A Southeast Texas city still recovering from 2008's Hurricane Ike has access to more than $21 million in funds previously frozen in a ...

Texas Has not Surveyed Injuries from Plant Blast

More than three months after a Texas fertilizer plant exploded, killing 15 people and hurting hundreds, the state still has not started ...

Roach Howard Smith & Barton Adds Noble as Sales Executive

Derek Noble has joined Texas-based independent insurance brokerage, Roach Howard Smith & Barton, as a sales executive in its employee ...
West

Oregon Threatens To Decertify Workers' Comp Group

Oregon insurance regulators said that they've taken the first steps toward decertifying a workers' compensation self-insurance trust and ...

Las Vegas Sands Appealing $70M Nevada Jury Award

Las Vegas Sands Corp. is asking a Nevada judge to throw out a second jury verdict awarding a former consultant a $70 million settlement in ...

Steak 'N Shake Sues Colorado Franchisee

Steak 'n Shake Enterprises has filed a lawsuit against a former franchisee in the Denver, Colo. market amid allegations that Denver-area ...

Oregon Man Files Lawsuit Over Inversion Table Tryout

A second Oregon lawsuit has been filed this month over an inverted therapy table. The tables allow people to hang upside down, strapped to ...

Downgraded Flossie Leaving Hawaii

The remnants of what was Tropical Storm Flossie are currently northwest of Kauai and moving away from the islands at about 15 miles per ...

Burnham Benefits Names Thomas Vice President in California

Irvine, Calif.-based Burnham Benefits Insurance Services named Bill Thomas as its newest vice president. Thomas will focus on business ...
International

Catlin Launches Next Seaview Survey for Caribbean, Bermuda Coral Reefs

Catlin Group Limited announced the launch of its next "Seaview Survey," which it described as a "significant expansion of its study of ...

Toronto Dominion Bank Warns of Insurance Losses from Weather Claims

Toronto-Dominion Bank, Canada's second-largest lender, said it will take a third-quarter charge after tax of C$418 million (US$406 million) ...

World Fuel Doubts Quebec Rail Crash Cleanup Payment Order is Legal

U.S. fuel logistics company World Fuel Services Corp said on Tuesday it has "serious objections" to being ordered by the Quebec government ...

Allied World Launches Multinational Product Initiative

Allied World Assurance Company Holdings, AG announced the official launch of Allied WorldWideSM, which it described as "a newly created ...

AXIS Capital Posts $72 Million Q2 Net Income; $50 Million Operating

Bermuda-based AXIS Capital Holdings Limited reported net income available to common shareholders for the second quarter of 2013 of $72 ...

Best Places S.A.C. Re Ratings under Review/Negative

A.M. Best Co. has placed the financial strength rating of 'A-' (Excellent) and issuer credit rating of "a-" of Bermuda-based S.A.C. Re, ...

Ratings Roundup: Tower Group (NZ), Grupo Mexicano

A.M. Best Asia-Pacific Limited has revised the outlook to negative from stable and affirmed the financial strength rating of 'A'- ...
New digital book reviewing ISO's major changes to its key commercial lines coverages - from Academy of Insurance

Insurance Journal Blogs

Burand's Agency E&O Blog: Tip #41

Accepting Payment After Hours. Many agencies continue to accept premium payments even when closed. Customers put their payments through ...

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Insurance Journal TV

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From 3D Printing to Driverless Cars: Emerging Risks on the Horizon

New technology is happening all the time, and with that comes new risks, says Graeme Newman,...
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Oklahoma Opens Up to Captive Insurers

Oklahoma this year will join the ranks of other states that aim to attract and keep captive...

TV icon Watch more videos at InsuranceJournal.tv

New Discussions in the Forums

Construction - Worldwide
Posted: Wed Jul 31 -- I would try Chartis, Ace, Star, & RLI. I'm sure I could think of more but they would be the first to approach. Insproducer
Hotels in Ca
Posted: Tue Jul 30 -- CIG californiadude
Need comp in ca code 5474 painting
Posted: Tue Jul 30 -- Have you tried Arrowhead General? californiadude
comp in ca for unarmed security firm
Posted: Mon Jul 29 -- Hi Trotter! We had to market a similar account, on a smaller scale last month and we were successful! The Workers Comp portion was difficult... pnik33
Why I believe in insurance agents
Posted: Sat Jul 27 -- Why don't doctors and lawyers advertise with cheesy cartoon characters? Emma
Trying To Place: Public Livery Delaware
Posted: Fri Jul 26 -- I have a complete application and loss runs for an account that does non-emergency medical transportation. They have been in business for 12... DIG2013

Reader Comments

Dead Farmers Get Millions in Federal Crop Insurance Payouts
Posted: Tue Jul 30 -- Now if the headline had been, "Dead Welfare and Food Stamp Recipients received Millions in Benefits," you know this article would be... Celtica
Jury Awards Oregon Woman $18.6M Over Credit Report
Posted: Mon Jul 29 -- Well deserved- the punitive verdict is necessary to act as a deterrent- Federal Law Mandated corrective action which obviously was ignored... Jack Straw
U.S. Court Rejects Firm's Challenge to Obamacare Contraception Mandate
Posted: Mon Jul 29 -- My Mom was in a serious car accident in 1982 and has had a total of 23 surgeries since then; many for reconstructive surgery due to injuries... Libby
Maryland Court: Bars Not Liable for Patrons' Accidents
Posted: Mon Jul 29 -- Wow! 17 beers and several drinks of hard liquor? I'm surprised he could even find his car, let alone start to drive. Libby
Halliburton Pleads Guilty to Destroying Gulf Oil Spill Evidence
Posted: Mon Jul 29 -- Trashy? Trash talk, maybe. But that doesn't mean it ain't true, Bob! Libby

Current Issue

July 22, 2013
Current Issue
Excess, Surplus & Specialty Markets Directory, Volume II

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New Markets Daily: Wednesday, July 31, 2013

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July 31, 2013

Market Announcements

Inland Marine & Transportation

Insurance Services from the Risk management leader. Our underwriting expertise, risk management solutions and broad coverage delivers...
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Security Guard Services & Detective Agencies Liability

We have access to special markets specializing in this hard-to-obtain coverage. Applications are requried, and coverages may vary....
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How To Write

How To Write Podcast: Workers' Compensation

In this podcast, DeLynn Trivison, SVP Sales and Marketing, discusses the company's workers' compensation offering and positioning in the marketplace.
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Contractors-Service

Workers' Comp, EPLI, Workers' Comp Plus. Applied Underwriters® is the leader in the field of integrated workers' compensation...
States: AR, AZ, CA, CO, CT, DE, GA, HI, IA, ID, IL, IN, KS, KY, MA, MD, ME, MI, MN, MO, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, UT, VA, VT, WA, WI, WV, WY

Mental Health Care Insurance

AFC's Mental Health Care Insurance Program is specifically designed to meet the needs of professional Mental Health Care providers,...
States: All except AK, HI

Warehouses

Commercial Property - ISO Forms General Liab. - ISO Forms.
States: IL, LA, TX

Feature Articles

W.R. Berkley Q2 Profit Up 6%; Rates Up 6.5%; CEO Comments on Berkshire

W.R. Berkley Corp. reported $116 million net income for its 2013 second quarter, up more than 6 percent from $109 million net income posted... Read more

LIU, CloudInsure Tackle Cloud Computing Coverage Gaps

A new insurance partnership between Liberty International Underwriters and CyberRiskPartners' CloudInsure will provide insurance backing for... Read more

Number of Hail Damage Insurance Claims Up 84% Since 2010

Insurance claims resulting from hail storm damage increased 84 percent in 2012 from their 2010 level, according to the National Insurance... Read more

Latest Forums

*URGENT* Commercial Confinement Swine Farm Coverage Needed

Hello,I still need to place several commercial confinement swine farm risks. They are located in Oklahoma. Property and GL if...
by Ronb541 on Mon Jul 29, 2013

Need work comp for limo biz in nevada

I have a limousine risk in Nevada that needs workers comp. They are a new venture with 3 drivers and only 2 vehicles. If you have a...
by lfuentes on Mon Jul 29, 2013

Medical transcribing in emergency rooms

I need a GL ,E&O, D&0 for  medical records transcribing. Multi state located in California. New in business.
by BENKINS on Mon Jul 29, 2013

Fraternal Hall that rents out building for various functions

Need a standard market(property and liability) for a Veterans organization that has operations that include renting their building...
by Goodrich4 on Fri Jul 26, 2013

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Insurance Journal Classifieds Alert: Wednesday, July 31, 2013

Insurance Journal Classifieds
July 31, 2013
Post a Job to our job board! Only $199 for 30 days. Post a Job

In this Issue

Job Openings

CSR / Customer Service
Claims
Finance
Management
Marketing
Sales
Underwriting

Featured Job of the Week

Commercial Lines Production Underwriter

Commercial Lines Underwriter LoVullo Associates, Inc., an innovative, well-established, leading distributor of specialty excess and surplus insurance products and services throughout the Northeastern...
Location: Buffalo, NY
CSR / Customer Service

Agency Advocate - Commercial Lines CSR

Agency Advocate delivers the ultimate of value-added customer service and commercial lines marketing and account placement expertise that enable Renaissance Alliance member agencies to prosper and...
Location: Wellesley, MA

Personal Lines Account Manager/CSR

Personal Lines Account Manager/CSR position available at established full service insurance brokerage in San Luis Obispo, CA. Qualified applicants are empathetic, hardworking, articulate, and...
Location: San Luis Obispo, CA

Commercial Lines CSR/Placer

Enjoy the insurance industry but are ready to move on to a fresh perspective that allows you to utilize your underwriting experience and to enhance efficiencies to make a difference in the...
Location: Northern NV

Commercial Lines Customer Service Representative

Seeking Experienced CL Insurance CSR with in-depth Commercial Insurance coverage and rating knowledge, to provide support to his/her Producer in providing prompt, accurate and courteous service to...
Location: Plymouth, NH
More Jobs [return to top]
Claims

Claims Property Risk Manager

Responsibilities: Apply the principles of risk assessment, risk response, risk mitigation and risk controls to set the conditions for success of the Department and its employees. Lead the creation and...
Location: Enumclaw, WA

Senior Property & Casualty Specialist

There's a reason Insperity Ranks in the Top 3% of U.S. Best Workplaces on WorkplaceDynamics list. Want to work for us and find out why? As a trusted advisor to America's best businesses for more than...
Location: Kingwood, TX
More Jobs [return to top]
Finance

Actuary

Nation Safe Drivers, a National Boca Raton Firm seeks an Insurance Actuary (Property & Casualty). Business Nature: Vehicle Service and Roadside Assistance Contracts. Qualified candidate will have 4-5...
Location: Boca Raton, FL

Chief Financial Officer

The CFO reports to the President and CEO and is a key member of the Executive Management Team. The CFO is responsible for financial planning, accounting, actuarial, internal audit, reinsurance,...
Location: Buffalo, NY
More Jobs [return to top]
Management

Chief Underwriting Officer

Are you a #2 CUO who wants to be #1 or a near retirement Chief Underwriting Officer who wants to put an exclamation mark on your legacy? Our client offers a big stage. It is the largest writer of...
Location: Northern & Southern CA options

Vice President Commercial Property and Casualty

Position available for a V.P. that will head a Commercial Property and Casualty unit with multi-state responsibility in the Hartford area. The position is responsible for the management of a team of...
Location: Hartford, CT

Director - Risk Services

Requisition Number: STFR000973 Division/College: Administration FT/PT: Full Time Grade: 15 Position Summary: The Director of Risk Services is responsible for overseeing Northeastern University's risk...
Location: Boston, MA
More Jobs [return to top]
Marketing

Business Development Manager

Business Development Manager USLI A Berkshire Hathaway Company A++ AM Best rated insurance company headquartered in Wayne, PA is seeking top sales performer to drive new business with appointed...
Location: Austin, TX

Marketing Representative

Superior Payment Plan, LLC, is looking for an experienced Marketing Representative in the Eastern or downstate New York area to work with a first-class team of finance professionals. Superior Payment...
Location: East NY state
More Jobs [return to top]
Sales

Vice President of Sales and Marketing

Job Title: Vice President of Sales and Marketing Department: Sales and Marketing Reports To: President Benefits: Salary, quarterly bonus, medical/dental, 401(k), vehicle SUMMARY The Vice President of...
Location: Orange, CA

Vice President of Sales (Admissions)

Join a growing $80 M+ company in the private post-secondary education field with a product that changes lives. Prospect Education / Charter College is looking for a hand-on transformational and...
Location: Reno, NV
More Jobs [return to top]
Underwriting

Underwriting Quality Specialist - Commercial E&S

Have a passion for the insurance industry? Enjoy underwriting, but are ready to move on to something fresh that allows you to improve the bottom line from behind the scenes? Join Nautilus Insurance...
Location: Scottsdale, AZ

Territory Manager - Commercial Lines

With broad guidance/limited management, apply knowledge of underwriting, agency management, product development, marketing expertise, and in-depth knowledge of the P & C insurance industry to manage,...
Location: Enumclaw, WA

Commercial Automobile Underwriter

About the Job: We are seeking an ambitious person to work in our Transportation Department.  We offer a professional work environment that fosters individual growth and rewards performance. ...
Location: Woodland Hills, CA

Senior Technology Underwriting Specialist

We currently have an opening in our Texas marketplace for a Senior Technology Underwriting Specialist supporting OneBeacon Technology Insurance. In this role, you can work remotely or out of any of...
Location: San Antonio, TX
More Jobs [return to top]

Current Issue

July 22, 2013
Current Issue
Excess, Surplus & Specialty Markets Directory, Volume II

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Copyright © 2013 by Wells Media Group, Inc.

Commercial Umbrellas: Creating Common Sense from the Chaos

 
 
Learn the four word phrase that could turn a claim response from "We're here for you" to "Good luck, and let us know how it goes.
   
 
 
 

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