Daily Headlines: Tuesday, November 13, 2012

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November 13, 2012 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Pricing Improved in 2011 But Workers' Compensation Still Challenged: A.M. Best The troubled workers' compensation line of business got a break in 2011 as employment and payrolls stabilized and overall net premiums ... Chubb Suspends Stock Buyback as It Counts Sandy Losses Property/casualty insurer Chubb Corp. suspended its stock buyback program, because it has not yet been able to determine what its total ... ISO Adds Alternative Energy Classifications to Commercial Property Program ISO has added new classifications to its commercial property program to account for the emergence of alternative energy sources. ISO is a ... NSM Insurance Expands Express Hotel Program to All States on Admitted Basis NSM Insurance Group has expanded its Express Hotel Program division to all states for franchised and boutique hotels with insurance carrier ... Insurer ING US Files for IPO ING U.S. Inc, a unit of Dutch financial services group ING Groep NV, filed to raise up to $100 million in an initial public offering as its ... Supreme Court to Hear Amex Appeal on Mandatory Arbitration Clause The U.S. Supreme Court on Friday agreed to consider whether American Express Co may invoke an arbitration clause to prevent merchant ... Obama Administration Gives States Extra Time on Health Exchanges The Obama administration gave states extra time to work toward setting up new health insurance exchanges on Friday, days after President ... AIG's Core P/C, Life Operations Resume Use of AIG Brand Name American International Group Inc. said it will now use AIG as the name for all of its global property/casualty operations, including ... ABRY Partners Acquires Majority Equity Interest in Confie Seguros Confie Seguros was acquired by Boston-based private equity firm ABRY Partners in a deal that closed on Friday under which the rapidly ... Rebounding Economy Spurs Growth in Cargo, Supply Chain Risks A slow trend toward economic recovery in the U.S. may mean good news/bad news for insurance agents and brokers who handle commercial... More National News East Navigating Claims Process Can Be a Challenge for Homeowners People looking to rebuild their lives after Superstorm Sandy destroyed and damaged their homes may now have another struggle on their ... Delays in Power Restoration After Storm Anger N.Y., N.J. Residents Utility companies in New York and New Jersey closed in on restoring power this past Sunday to the last of the 8.5 million customers who ... Gov. Cuomo: Superstorm Sandy Could Cost New York State $33 Billion Damage and economic losses from Superstorm Sandy will cost New York state $33 billion, Gov. Andrew Cuomo said last Thursday, and come just ... Lawyers Offer Free Advice to Storm Victims, Answer Insurance Questions The New York Bar Association says volunteer lawyers are offering up to 30 minutes of free advice to victims of Superstorm Sandy with legal ... Risk Strategies Co. Acquires Mass.-Based D&D Insurance Agency Risk Strategies Company (RSC), a national insurance brokerage based in Boston, recently acquired Burlington, Mass.-based D&D Insurance ... More East News Midwest 2 Rare, Late-Season Tornadoes Hit Minnesota's Twin Cities Officials with the National Weather Service say two weak tornadoes touched down late Saturday on the south edge of the Twin Cities' ... Explosion Levels Homes in Indianapolis; 2 Dead A massive explosion sparked a huge fire and killed two people in an Indianapolis neighborhood where about three dozen homes were damaged or ... Well-Known Plaintiff Attorney Running for Wisconsin Supreme Court Noted lemon law attorney Vince Megna, who in recent months has posted numerous satirical videos online lampooning Gov. Scott Walker and ... Cuts Blamed for Fewer Fort Wayne, Indiana Fire Inspections City officials in Fort Wayne, Ind., are blaming staff cuts for the fire department not meeting its goal of inspecting high-risk buildings ... More Midwest News Southeast Georgia City May Scrap Red Light Cameras An Atlanta suburb might scrap its red light cameras, which are designed to nab motorists who run red lights. Roswell transportation ... Alabama Groups Share $8 Million in BP Oil Spill Funds Nearly two dozen groups in Alabama will share more than $8 million in oil spill funds to promote Gulf Coast tourism and seafood. The ... More Southeast News South Central Texas Commissioner: Windstorm Will Be an Issue for Texas Lawmakers Among the hundreds of bills filed by Texas lawmakers on the first day of filing for the 2013 legislative session are a handful of proposals ... Louisiana's State-Run Property Insurer $56M in the Red Louisiana's state-run property insurer of last resort is $56 million in the red, after it covers claims for Hurricane Isaac and settles ... Big Tex Getting Remake After Fire State Fair of Texas officials have the technology. They're making Big Tex stronger, smarter, less flammable, more expensive in the wake of ... Feds: Levee System Did Not Cause Isaac Flooding Federal officials say in a report released Nov. 9 that improvements to the New Orleans-area levee system did not cause Hurricane Isaac's ... Louisiana Bills Texas Company $3.5M for Sinkhole Costs The state of Louisiana sent a $3.5 million bill to the Texas company it blames for a massive sinkhole that has swallowed more than 5 acres ... More South Central News West Oregon Insurers Sue Landowners in Ashland Fire Insurance companies that paid $1.7 million to six homeowners in a fire blamed on a homeless Ashland, Ore. man have sued the owners of a ... Northern California City Evacuations Underway Following Water Pipe Break Evacuations are underway in Daly City after several blocks were flooded and mudslides occurred in the area of the Northern California town, ... Utah Woman Injured in Carousel Accident Sues For $300k A Washington City, Utah woman injured when a panel fell from the ceiling of a St. George carousel is suing for more than $300,000 in ... Arizona Judge Oks $3.7M In Restitution For Wildfire A judge says two cousins who accidentally started the largest wildfire in Arizona history will have to pay more than $3.7 million in ... Man Dies After Being Tossed From Colorado Bar Authorities say a 34-year-old man who was thrown out of a Lakewood, Colo. bar for acting belligerently was found injured and unresponsive ... More West News International EU, IMF Clash over Greece Revives Debt Crisis Fears A public clash between Greece's international lenders over how Athens can bring its debts down to a sustainable level has reignited fears ... CCRIF Partners with Seismic Research Center for Quake, Volcano Risk The Caribbean Catastrophe Risk Insurance Facility (CCRIF) and the Seismic Research Centre (SRC) of The University of the West Indies have ... Miller Appoints Robinson to Further Enhance Marine Growth London-based Miller Insurance Services LLP announced that it has named stock throughput, cargo and project cargo insurance broking ... Thoughts on a Day to Remember and Honor Those Who Fought There is a scene at the beginning of the World War I-based play "WarHorse" in which a cavalry troop of British soldiers going to France in ... UK Business Group Calls for Limit to PPI Compensation - Report Britain's government needs to limit compensation paid to customers mis-sold loan insurance, John Cridland, director-general of the ... More International News Join the Insurance Journal Network Insurance Journal TV Big I's Bob Rusbuldt: Agents, the 2012 Election and the Fiscal Cliff Bob Rusbuldt, president and CEO of the Independent Insurance Agents and Brokers of America,... Watch Now Market Outlook: Stable But Not Robust Calling today's market a "hard market" would be going too far, says Michael Miller, president... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Creating a business plan Posted: Mon Nov 12 -- The Small Business Administration has a great database of business advice to browse through. They also have pages on helping create a... kl.skinner Premium Financing for life and D.I. Posted: Mon Nov 12 -- I'm getting some looks, but no nibbles! I market in the Northwest.. CA, OR, WA, ID, MT & have some clients in AK that must come to me.... Swymmer Winery Tour (Designated Driver) coverage for non-owned / ren Posted: Fri Nov 9 -- You better get yourself one heck of an understanding insurer and do one heck of of a job putting that Non-Owned coverage together. Are you... BKCPCU Reliable Car Insurance Quotes Posted: Fri Nov 9 -- I would avoid quote-type sites on the Internet. The one to which you refer seems to be for an insurance agency. Many sites on the Web,... Robert742 E&O Coverage Posted: Thu Nov 8 -- If you are with Lloyds , Maxum or Markel you can most likely save some money and get coverage with an Admitted carrier. If you want a quote... Coveredone Workers Comp for Importers - CA Posted: Thu Nov 8 -- I am looking for a wholesaler which has access to Employers, First Comp, and other WC markets. Can anyone recommend one? Thanks, Sarkis... InsureTime how to switch from agency side to corporate underwriting? Posted: Thu Nov 8 -- Companyman is correct. You will need to be located near a main underwriting facility for at least the first couple of years for training.... WineryAgInsure CGL for Various Consumer Goods Importer - CA Posted: Wed Nov 7 -- Considering the products and the fact that the items are being imported, $25k is less than 1.5% OF SALES, is a very good price. The problem... mccluney Go to Forums Reader Comments Georgia Unlikely to Run Health Insurance Exchange: Gov. Deal Posted: Fri Nov 9 -- Spoiler alert - they'll be complaining about federal control of the exchange soon, after declining the opportunity to run it at state... Gork Displaced Rats Among 5 Dangers for Superstorm Sandy Cleanup Workers Posted: Tue Nov 6 -- Hopefully there will be a few more displaced rats at the White House and Capital Hill after today's election is over. NoMoBama Obama Administration Gives States Extra Time on Health Exchanges Posted: Mon Nov 12 -- Dave, Our founding fathers were afraid of a big central government because they had studied history and saw how bad it was, hence the design... Agent Insurance Agents and the 2012 Election: Interview with Big I CEO Rusbuldt Posted: Tue Nov 6 -- Even when I am not dealing with the State of Il, they figure out a way to screw me. Just sucks here. FFA Election Gamble Backfires for Financial, Energy Firms: Commentary Posted: Mon Nov 12 -- Right on, Nancy! The reason people don't wake up and see that the current quo is rigged against them and is all in favor of the richest of... Libby Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue November 5, 2012 Focus on Professional Liability / PLUS; Habitational / Dwellings; Agents' E&O Survey; Bonus: Free Ad Readership Study ($2500 Value); Bonus: The INDIANA Issue (Special Supplement) 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 Actuary / Sr. Product Manager - Personal Lines Homeowners Sales Executive Producer Experienced Commercial Auto and GL Sales/Processing Rep Have a job opening? List it on our Web site. 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