Daily Headlines: Monday, September 23, 2013

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September 23, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National FEMA Chief Disappoints Senators, Says He Can't Delay Flood Insurance Rates Pressure continues to build in Congress to delay implementation of flood insurance reforms that are raising premiums for thousands of ... Surplus Lines Took Hit from Sandy in 2012 But Appears Back on Track in 2013 Surplus lines insurers in 2012 posted one of their worst years overall as their underwriting performance fell below that of the total ... Vote on Prudential Systemic Risk Designation Was 7-2 Prudential Financial Inc., the second-largest U.S. life insurer, was designated systemically important in a 7-to-2 vote by a council of ... Technology, Not Presidents, Drives Healthcare Costs Last week I attended Brookings Papers on Economic Activity to watch some of the smartest economists in America debate some of the most ... 'Entitled' Employees More Likely to Claim Bosses Misreat Them Employees who have a sense of unjustified entitlement are more likely to say that their bosses are abusive and mistreat them than their ... Will Third Time Be the Charm for National Producer Licensing Bill? Will the third time be the charm? Insurance groups and lobbyists in Washington are hoping so, after the House of Representatives this week... Are Multiyear Policies the Answer For Flood? Buyers and sellers of flood insurance can benefit from a longer-term perspective, and long-term multiyear policies may... More National News East N.J. Group to Rally Against Rising National Flood Insurance Premiums Toms River, N..J., homeowner George Kasimos wants to make sure that lawmakers in Washington, D.C., hear the growing concerns of his shore ... Report: Traffic Accidents, Fatal Fires Down in New York City New York City's annual report card says the number of residents killed in traffic accidents plunged considerably over the last year. Mayor ... Local Firms in Pennsylvania Take 'Wait and See' Approach to Health Care Law The mandate that large employers provide health care coverage to their employees has been put off until 2015, but some businesses have ... N.J. Gov. Christie Defends Sandy Aid for Burned Boardwalk Businesses New Jersey Gov. Chris Christie on Sept. 18 defended his decision to use federal Superstorm Sandy recovery money to help rebuild businesses ... More East News Midwest Zuraitis Named President, CEO of Horace Mann Springfield, Ill.-based Horace Mann Educators Corp. announced that Marita Zuraitis has been named president and chief executive officer and ... Fees Charged to Insurance Volunteers in Wisconsin Criticized Volunteers who want to help people decipher the new health insurance marketplace when it comes online Oct. 1 must pay for a background ... Data: Iowa insurance Exchange Will Offer Low Premiums Newly released rate information on Iowa's health care marketplace shows the state will offer some of the lowest premiums in the country. ... Illinois Farm Deaths at Lowest Level in 35 Years The number of laborers and others killed in accidents on Illinois farms is falling. The (Champaign) News-Gazette reports that the number of ... Nebraska Company Fined $194K for Trench Collapses, Worker Injuries Taylor's Drain and Sewer Service in Nebraska has been cited by the U.S. Department of Labor's Occupational Safety and Health Administration ... More Midwest News Southeast Mississippi Insurance Agency Owner Charged with Fraud A Philadelphia, Miss., man has been charged with multiple counts of insurance fraud. Attorney General Jim Hood said in a news release that ... Florida's Citizens Has New Plan to Shift 200,000 Policies to 8 Private Insurers Florida's largest insurer could be shifting thousands more of its policyholders away from the state-created company and into private ... More Southeast News South Central U.S. Wants Supreme Court to Take up Hobby Lobby Case The federal government has asked the U.S. Supreme Court to decide whether Oklahoma City-based Hobby Lobby and a Christian bookstore chain ... Allianz Global Corporate & Specialty Expands Offshore Energy Team in Houston Allianz Global Corporate & Specialty (AGCS) has expanded its Offshore Energy Risk Consulting team with the appointment of Dawayne Tipton as ... Texas Insurance Community Aims High in United Way Campaign Texas insurance companies and agency partners are challenging themselves and other insurance industry professionals to raise the bar for ... Louisiana Insurance Agent Arrested A Slidell, La., insurance agent was served by Louisiana Department of Insurance Fraud Division investigators with a summary suspension and ... More South Central News West Colorado Flooding: The Silver Lining Surging waters in Colorado swept away barns, silos and fences and left houses covered in mud in this northern agricultural town. The flood ... Brewer Issues Emergency Declaration For 2 Arizona Counties Arizona Gov. Jan Brewer has signed a declaration of emergency to assist with flood recovery in Apache and Greenlee counties. A series of ... Montana Residents Suing Over Petroleum Pollution Nearly 50 Cut Bank residents have filed a lawsuit alleging their properties have been polluted by petroleum from a crude oil transportation ... Total Estimates From New Mexico Floods May Take Weeks It could be a while before the exact amount of damage from recent heavy rain and flooding in New Mexico will be known, officials said. ... Capital Insurance Group to Offer Premium Credits for Apartment Buildings, Condos Capital Insurance Group (CIG), a regional property and casualty insurer serving the Western U.S., has released three new 2 percent total ... EQECAT: Colorado Floods $2B in Economic Losses and Climbing The floods in Colorado caused an estimated $2 billion in economic losses, according to a report from catastrophe modeling firm EQECAT. The ... More West News International Typhoon Usagi Weakens before Hitting China Coast: AIR Worldwide According to catastrophe modeling firm AIR Worldwide, Severe Typhoon Usagi, the 19th named storm to form in the Northwest Pacific this ... EU and Singapore Finalize Details of Far-Reaching Trade Deal The European Union and Singapore have finalized the details of one of the world's most comprehensive free trade agreements, a pact the EU ... ANV's CEO Matt Fairfield Tells What it's Like to Run a Global Insurer R. Matthew "Matt" Fairfield, the Founder and CEO of ANV, is the epitome of a global insurance executive. He lives in Spain, runs a company ... Swiss Re Estimates $240 Million in Claims from German July Hail Storms Swiss Re said it estimates industry wide insured losses from the hail storms in northern and Southern Germany in July will be between $2.0 ... Cooper Gay and Swett & Crawford Acquires Lloyd's Broker NMB Cooper Gay Swett & Crawford (CGSC) has announced the acquisition of independent Lloyd's insurance and reinsurance brokerage group Newman ... More International News Join the Insurance Journal Network Insurance Journal TV 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... Watch Now California Assemblyman Mixes Insurance and Politics Assemblyman Ken Cooley, D-Rancho Cordova, started his insurance career in the 1970s working on... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Selling Non-Standard P&C Book of Business & Agency Texas Posted: Fri Sep 20 -- The key to maximizing the outcome is to seek a team of skilled advisors, prepare for the sale, discretely market the agency to the most... AgencyBrokerage Need W/C Market - (Ca.) Med. Marijuana Dispensary w/lapse Posted: Fri Sep 20 -- Hello, we've been looking around for a Workers Comp. market for about a week with no luck and hoping someone here has an idea. It's a... PaulN Niche Market Posted: Thu Sep 19 -- Gas stations are not big revenue generators on one station. But, each one you write is a referral to get you into the next one, and a lot of... e-bit Advice needed from seasoned producers Posted: Thu Sep 19 -- If you go with a smaller local agency that is experienced in the type of accounts you want to write you'll be much better off. You'll get a... e-bit Certificates of Insurance ??? Posted: Thu Sep 19 -- A certificate of insurance means nothing except what is read into it. Always attach the supporting endorsements as they show the exact cover... e-bit California Work Comp Class Code detail Posted: Thu Sep 19 -- From one of the carriers: 9008: Janitorial Services - By Contractors 9009: Building Operation - Commercial Properties - All Other... wariline Parachute Rigger Insurance Posted: Wed Sep 18 -- These class should be no problem as long as the insured is also warehousing fireworks and asbestos. yoyowordup Will Insurance Co pay existing claim after cancelling? Posted: Wed Sep 18 -- I don't usually make the effort to pile on, but in this case I just can't resist. So, Itchibahn, for the past decade, you've presumably... d's insurance store Markets for HOA's Posted: Wed Sep 18 -- I haven't seen CIG through any wholesalers. We have a direct appointment. We place our condo buildings with... ABMCalifornia Go to Forums Reader Comments Ex-Republican Crist Expected to Run For Governor in Florida as Democrat Posted: Tue Sep 17 -- Charlie is a man of principle. He was a Republican. Then an independent's independent, then an independent who would caucus with the... Hillsborough Agent Vermont Court to Reconsider Case of Borrowed Keys in Fatal Car Crash Posted: Mon Sep 16 -- I hope I read it correctly- the deceased man is the barred driver who had no permission? At least he didn't take anyone else with him. insurance mom Travelers Launching Low Cost, Segmented Product in New Personal Auto Strategy Posted: Mon Sep 23 -- Isn't it amazing that they managed to cough up $1.2 Billion to buy the Canadian company after they laid off the employees? They treat their... Agent Start-Up Health Insurance Co-Ops Vow to Compete with Commercial Insurers Posted: Tue Sep 17 -- Captain Planet said- "Yes, you are right, Sgt. Major." Captain, I am right but your analysis of the US economic problems is wrong. While I... Sargeant Major Hacker Group in China Linked to Cyberattacks Against U.S. Firms: Symantec Posted: Wed Sep 18 -- That's what American companies get when they outsource the manufacturing and customer support of their products overseas. It's almost like... 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