Daily Headlines: Thursday, November 1, 2012

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November 1, 2012 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Eqecat Doubles Insured Loss Estimate for Sandy to $10-20 Billion Catastrophe risk modeling firm Eqecat doubled its insured loss estimate range for Sandy, to $10 billion to $20 billion, with the total ... Huge Drug Recall Latest Fallout in Meningitis Outbreak Ameridose, a sister company of the U.S. pharmacy linked to a meningitis outbreak that has killed 29 people, announced on Wednesday a ... Allstate Reports Higher Q3 Profit; Expects 'Significant But Not Material' Sandy Losses Home and auto insurer Allstate Corp. reported a larger profit for the third quarter on a decline in disaster losses and improving margins, ... Hurricane Sandy Losses Should Not Affect Most Insurer Ratings or Premiums: S&P Standard & Poor's Ratings Services said it expects Hurricane Sandy to have only limited impact on the ratings on U.S. property/casualty ... Verisk Insurance Solutions Enhances Foreclosure Alert Product Verisk Insurance Solutions – Underwriting, a unit of Verisk Analytics has added an enhancement to its Foreclosure Alert that identifies if... More National News East Sandy Costing New York City $200 Million a Day The aftermath of super storm Sandy is costing New York City up to $200 million a day in permanently lost economic activity, including ... New York, New Jersey Want Washington to Pay More Storm Costs New York state on Wednesday asked the U.S. federal government to pay all the costs of cleaning up and repairing damage from massive storm ... N.Y. Gov. Cuomo: New Yorkers Won't Have to Pay Hurricane Deductible for Sandy New York Governor Andrew Cuomo announced Wednesday that New York homeowners will not have to pay potentially large hurricane deductibles on ... Connecticut Seeks Premium Payment Grace Period for Storm Victims The Connecticut Insurance Department issued a bulletin encouraging insurers to provide "an extended grace period" with regard to premium ... No Hurricane Deductibles for Sandy Claims in New Jersey, Maryland Hurricane deductibles will not be applicable for Sandy-related claims in New Jersey, the state where the superstorm made landfall late ... Hurricane Deductibles Will Not Apply for Sandy-Related Claims in Conn. The Connecticut insurance department issued a notice to the insurance industry Tuesday, alerting the industry that companies may not impose ... Flood Insurance Still Relatively Rare in Northeast Many homeowners who suffered losses because of flooding from Hurricane Sandy are likely to find themselves out of luck. Standard homeowners ... More East News Midwest Minnesota Contractor Gets 6 Years for Arson Conviction A Duluth, Minn., building contractor convicted of vandalizing a client's duplex over a billing fight has been sentenced to almost seven ... South Dakota Burn Victim Sues Nebraska County, Village A South Dakota man who was burned in a controlled grass fire in the Nebraska border town of Whiteclay is suing local authorities for ... 2-Story Waves on Great Lakes Halt Cargo Shipping Cargo shipping was at a standstill on Oct. 30 on the Great Lakes as superstorm Sandy churned waves up to two stories high, forcing crews to ... More Midwest News Southeast Florida Court Weighs When Not Meeting Policy Terms Means Coverage Forfeiture Florida's high court is debating whether a driver forfeited her uninsured motorist coverage by refusing to meet the insurer's specific ... Kentucky Cease Order for Christians-Only Health Plan Goes Into Effect Members of a Christians-only health insurance plan will lose their coverage on Thursday under a judge's order to cease operations. Franklin ... More Southeast News South Central Oklahoma Prepares for Open Carrying of Firearms With Oklahoma preparing for a much-debated new law that allows people to carry their previously concealed firearms out in the open, state ... Oil Spill Claims Process May Sink Gulf Coast Shrimp Processors With looming legal deadlines related to the 2010 BP oil spill, dozens of shrimp processors along the Gulf Coast face a difficult dilemma, ... More South Central News West Wrongful Death Claims Filed In California Deputy Shooting Some $61 million in wrongful death claims have been filed by the family of a California man shot to death in April by a Stanislaus County ... Father Files Northern California School District Discrimination Suit The father of a black teenager has filed a racial discrimination lawsuit against a Northern California school district because an employee ... Montana School District Settles Rape Lawsuit The Billings school district in Montana and its insurance carrier have agreed to pay nearly $91,000 to the family of a former Billings ... Climatologist: Conditions That Brought Sandy May Stick Around Fresh on the heels of Hurricane Sandy's destruction historical climatologist Evelyn Browning-Garriss on Wednesday said the weather ... More West News International Barclays Facing New U.S. Investigations Barclays, already rocked by an interest-rate rigging scandal, on Wednesday disclosed new U.S. regulatory investigations into the bank's ... China's Ping An Insurance Reports Profit Up 20.6% Ping An Insurance Co. of China said  its quarterly profit rose 20.6 percent on strong premium growth but warned tougher conditions are ... Haste Named Lloyd's Deputy Chairman Lloyd's has appointed Andy Haste as senior independent deputy chairman on the Council of Lloyd's. Haste, whose three-year term starts on ... London Broker Miller Names Plato to Marine Hull Team Miller Insurance Services in London has bolstered its marine hull capabilities with the appointment of David Plato from Alston Gayler. ... Bermuda's SAC Re Adds 4 to Property Reinsurance, Finance, Risk Management Teams S.A.C. Re Ltd. has filled several key management posts in its property reinsurance, finance and risk management teams. Kathleen Reardon has ... More International News Join the Insurance Journal Network Insurance Journal TV Market Outlook: Stable But Not Robust Calling today's market a "hard market" would be going too far, says Michael Miller, president... Watch Now No Hard Market Until Economy Improves While many in the industry see a hard or at least firming market, Alan Jay Kaufman is not... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Buying IA - Current Multiplier? Posted: Wed Oct 31 -- There are so many variables! Agency Equity is right... hire a skilled professional that knows how to value the independent agency. Whenever... Swymmer Premium Financing for life and D.I. Posted: Wed Oct 31 -- I am looking for a premium finance company that will finance life and DI premiums. I have designed a niche Surplus Lines DI product that is... Swymmer SEO and buying back links Posted: Wed Oct 31 -- Buying links will not do any good in your site, with the big algo change in the past 6 - 9 months common link building techniques will only... johnywhite brightway insurance brokerage in florida Posted: Tue Oct 30 -- I think 45% is really quite high for Brightway agents to pay for "back office" service and other features of the franchise. Perhaps 25% or... riverman38 Non-profit Posted: Tue Oct 30 -- I'm wondering what other P&C underwriters think of an account I'm familiar with. The risk makes several types of products related to... angleblue63 Motor Cycle dealer WC (CA) Posted: Mon Oct 29 -- RIC is now one of the access points for smaller brokers that no longer have their own State Fund appointments. Two authorized broker access... Santa Rosa Ins Broker Go to Forums Reader Comments Health Insurers Nervous Over Prospect of Romney Victory Posted: Tue Oct 30 -- I see and Obama alway's tells us the truth? Bob Penn. Woman Arrested for Allegedly Adding Coverage While in Ambulance Posted: Fri Oct 26 -- Yes Libby, I can tell the difference between cheering and applause and thunder unlike you and Planet. Crowds attending Romney speeches are... Agent $450K For Fired Southern California Worker Who Tattled On Cocaine Use Posted: Thu Oct 25 -- Don't forget about the "pre-lawsuit" period where a claim is filed giving notice of intent to sue. If there's any time frame required to... Big Mike In CA Tax Penalty to Hit 6 Million Who Don't Buy Health Insurance by 2016 Posted: Mon Oct 29 -- FFA, There is another story hot off the press. The wonderful Planned Parenthood organization, you know the one we the taxpayers support... Agent Insurer Drops Nebraska Man's Policy Due to Police Dog, Then Apologizes Posted: Mon Oct 29 -- Can we be a little more creative with the headlines? "American Family takes on a dangdog expression, when officer howls about cancellation."... Original bob Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue October 22, 2012 Top Commercial Lines Agencies; Law Firm Directory; Commercial Property; Insurance Geek Issue - What's New in Technology? 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