Friday, September 13, 2013

Daily Headlines: Friday, September 13, 2013

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Insurance Journal Daily Headlines
September 13, 2013
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Start-Up Health Insurance Co-Ops Vow to Compete with Commercial Insurers

They have rented offices and zero customers. All their capital is borrowed. They're trying to sign the kind of expensive, chronically ill ...

Veterans' Medical Malpractice Costs Rising As More Soldiers Seek Care

Christopher Ellison went to a veterans medical center in Philadelphia to get eight teeth extracted in 2007. What should have been a routine ...

No Penalty for Employers Not Telling Employees About Obamacare

Employers will not face a penalty if they fail to inform their workers by Oct 1 about changes under President Barack Obama's healthcare ...

Insurers Expect Increase in Personal Lines, Workers' Compensation Fraud

One in three U.S. and Canadian insurers does not feel adequately protected against fraud and more than half expect personal lines and ...

Last Chance: Best Agencies to Work For, Deadline Sept. 18

Insurance Journal is on the search again for the best independent insurance agencies in the United States to work for and we hope you will ...

How Agents, Brokers Can Help Themselves, Clients with Healthcare Reform

The Affordable Care Act (ACA) has accelerated change and confusion in the health insurance marketplace and businesses and individuals are ...

From MyNewMarkets.com 10 Things to Know About Insuring Condominiums

1. To adequately insure one's condo apartment, it is important to review the condo association's bylaws and proprietary lease to find...
Carrier Management

Language Police on 'Laser-Focused' Alert for Executive Jargon

Liam McGee has a special way to emphasize his commitment to creating value at the 203-year-old company he runs, Hartford...
Homeowners and auto packages - segments in the insurance industry from Academy of Insurance
East

Jersey's Seaside Boardwalk Fire Expected to Cause Multi-Million Dollar Insurance Loss

A raging fire that destroyed dozens of businesses along the Seaside Park boardwalk in New Jersey Thursday is expected to be a multi-million ...

New Jersey Shore Boardwalk Rebuilt After Sandy Torn by Fire

A wind-driven blaze consumed a New Jersey Shore boardwalk and amusements freshly rebuilt after Hurricane Sandy, destroying dozens of ...

N.J. Governor Says 400 Firefighters Battle Boardwalk Blaze

New Jersey Governor Chris Christie was counting on 400 firefighters and the approach of rain to help snuff out a wind-driven blaze that ...

AIG, Lincoln Among Insurers Said Pushed by N.Y. on Universal Life Product Reserves

New York State's financial-services regulator is pressing insurers including American International Group Inc., Lincoln National Corp. and ...
The history of and need for one of the fastest growing coverage segments in the insurance industry from Academy of Insurance
Midwest

Veto Sustained On Missouri Workers' Comp Database

Gov. Jay Nixon's veto has been sustained on legislation calling for the creation of an online database of workers' compensation claims. ...

Missouri Lawmakers Override On Uninsured Motorists

Missouri lawmakers have approved a veto override of legislation restricting lawsuits by uninsured motorists. The House approved the ...

Damage From Large Wisconsin Wildfire Estimated At $1M

A fire that damaged a 10-mile swath of forest land in northwestern Wisconsin this spring caused at least $1 million in damage, according to ...

September Tornado Spotted In Far Northern Minnesota

A September tornado has been spotted in far northern Minnesota. The National Weather Service says a trained spotter reported the tornado ...

Wells Fargo Insurance Expands in Midwest; Announces New Regional Leadership Team

Wells Fargo Insurance, part of Wells Fargo & Co. announced three new leaders to its Midwest team. Barton Bates, Tony Evans and Stephen ...
Southeast

Obama Administration Bashes Florida for Blocking Health Insurance Navigators

Florida was strongly criticized by the federal government on Thursday for barring outreach workers, known as "navigators," from county ...

Mississippi Having Trouble Spending Katrina Recovery Funds

Eight years after Hurricane Katrina slammed the Gulf Coast, Mississippi still hasn't spent almost $1 billion in federal money dedicated to ...

West Virginia's $50M Insurance Costs Driven by Storm, Prisoner Settlements

A major storm and settlements of inmate lawsuits contributed to a nearly $20 million increase in the West Virginia Board of Risk and ...

Insurance Pros in Politics: Being an Agent Prepared Tennessee Sen. Ketron for Politics

Insurance was a great training ground for now State Sen. Bill Ketron, who has been a member of the Tennessee Senate since 2002 while also ...
South Central

Central Texas Utility Sues Tree Trimmer Over Fires

A $35 million lawsuit filed by a utility alleges a tree-trimming company failed to properly maintain vegetation before 2011 Central Texas ...

Global Insurance Co. Expands Taxi, Para-Transit Coverage to Texas

Global Liberty Insurance Co. of New York, a specialty underwriter of limousine, executive car service, taxi and para-transit, will start ...

Specialty Risk Associates Adds 3 Commercial Underwriters in Louisiana

Shreveport, La.-based Specialty Risk Associates Inc. announced the  hiring of three new commercial lines underwriters - Ryan Gore, Laura ...

Houston Insurance Agent Sentenced to 10 Years in Prison

An insurance agent from Houston has been sentenced to 10 years in prison for pocketing more than $250,in customer premiums, the Texas ...
West

Insurance Pros in Politics: Garamendi Says Economy Needs Insurance

When it comes to mixing insurance and politics Congressman John Garamendi, D-California, can be considered an authority on the topic. While ...

Flash Flooding Causes Damage in Northern Colorado

Three days of intense rainfall in many areas of Colorado has resulted in severe, widespread flooding and collapsed homes, according to ...

Insurance Pros In Politics: Beth Gaines Wants More 'Business-Friendly' State

Although California Assemblywoman Beth Gaines, R-Rocklin, married in to the insurance business, it seems to run in her blood, because it's ...

California Wildfire More Destructive Than Thought

Fire officials say crews assessing the damage from a Northern California wildfire have determined 68 homes were destroyed. That's up from ...

New Mexico, Chevron Settle Case Over Cleanup Costs

New Mexico officials say Chevron Corp. will pay $5.2 million to settle claims that the energy company improperly applied for money from an ...
International

Tropical Depression in Gulf of Mexico Strengthens, Closes Ports

A tropical depression in the southern Gulf of Mexico is strengthening, prompting the closure of two top oil export terminals, and could ...
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David Wroe Named to Astonish Board of Directors

Warwick, RI, 9/13/13 - Astonish, a leading technology, marketing, and training company dedicated solely to the needs of insurance agencies, ...

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Swiss Re's Chief Economist Sees GDP Growth

Swiss Re's chief economist Kurt Karl sees some light at the end of the tunnel for the world's...
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California Assemblyman Mixes Insurance and Politics

Assemblyman Ken Cooley, D-Rancho Cordova, started his insurance career in the 1970s working on...

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New Discussions in the Forums

Travelers reducing commissions
Posted: Fri Sep 13 -- And to add insult to injury, Travelers will still be paying 20% or more commission to the large aggregators such as SIAA and Smart Choice... lonestar
Work Comp for Retail E-Cig/Vapor Shops
Posted: Thu Sep 12 -- State Fund ? californiadude
Certificates of Insurance ???
Posted: Thu Sep 12 -- Send out the forms, put the burden on the Cert Holder to raise the questions. Not sending out the forms lets the Cert Holder interpret that... californiadude
CA_International Retention BOND
Posted: Thu Sep 12 -- Miguelito: Consider joining Surety Bond Pros or a similar group on linkedin.com and pose your question there. This sounds like a tough bond... zdog
Redi Mix - Midwest
Posted: Thu Sep 12 -- Here is the Zurich Programs link... TheInsKid
Credit Card Processing
Posted: Wed Sep 11 -- I hear Square is a really easy merchant to use. You can use it online, over the phone, and even on tablets. The amount they charge varies... ABMCalifornia
Anyone worked with Consolidated Agency Partners?
Posted: Tue Sep 10 -- I was with Superior Access and Consolidated Agency Partners prior to SIAA. I have researched 'Clusters' till I'm blue in the face! CAP... ziiqui
Insurance agencies for sale ?
Posted: Mon Sep 9 -- Thanks I'm trying to on the East Coast for now. Thanksl CoJones
Non-for-profit Volunteer Coverge
Posted: Mon Sep 9 -- I have Non-for profit that use volunteer's to help out at various events during the year. They currently carry GL,WC D&O. In your opinion,... CoJones

Reader Comments

Poll Finds Skepticism But Suggests Healthy Young Adults May Keep Obamacare Afloat
Posted: Tue Sep 10 -- Encouraging news. I am optimistic! Libby
Quiet 2013 Hurricane Season a 'Head Scratcher' for Embarrassed Forecasters
Posted: Mon Sep 9 -- Thanks for jinxing us Insurance Journal! SFLLauren
Bank of America, Merrill Settle Gender Bias Claims for $39M
Posted: Mon Sep 9 -- Hallelujah!!!! Thank goodness this was a big company where I'm sure there were lots of complaints, as this would be, and is still, hard to... copperpipes
Critics Say Taxpayers' $14B Guarantees Profit for Crop Insurers
Posted: Wed Sep 11 -- Boy, Greenburg sure doesn't mind biting the hand that feeds him. Isn't he suing the U.S. Government? What a piece of work. Libby
Will Third Time Be the Charm for National Producer Licensing Bill?
Posted: Thu Sep 12 -- Am I just being paranoid or does anyone else share my concern of letting the feds in (even a little bit) in to the licensing of agents? I... WyomingAgent

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September 9, 2013
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