Daily Headlines: Wednesday, September 11, 2013

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September 11, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Critics Say Taxpayers' $14B Guarantees Profit for Crop Insurers Former American International Group Inc. chief Maurice "Hank" Greenberg has a new business partner: the U.S. taxpayer. Greenberg's Starr ... AIG Not Renewing Reinsurance with Rival Berkshire: Source American International Group Inc. has decided against signing new reinsurance contracts with Berkshire Hathaway Inc. after Warren Buffett's ... BP Opposes Using Spill Settlement to Pay Drilling Moratorium Losses BP Plc's oil-spill claims administrator shouldn't be allowed to extend a settlement to cover the claims of losses caused by the Obama ... On 9/11 Anniversary, a Call to Renew Federal Terrorism Insurance On today's anniversary of the 9/11 terrorist attack against the United States, the Insurance Institute for Business & Home Safety (IBHS) ... Selective Insurance Group Names Marchioni President, Chief Operating Officer Selective Insurance Group Inc. has selected John Marchioni as president and chief operating officer. Gregory E. Murphy, who remains ... Hiscox Adds Cyber Crime Protection for Small, Medium-Sized Businesses Hiscox, the international specialist insurer, has added a new cyber crime protection endorsement to its technology privacy cyber portfolio. ... 101 Sales & Marketing Ideas for Agencies Insurance Journal has listened to readers, spoken with experts, combed through columns and articles and even searched outside insurance... Predictive Analytics: Bringing Price Elasticity Concepts to P/C Insurance The concept of price elasticity of demand has not received enough attention in the world of property/casualty insurance.... More National News East Commentary: 'Prevention Is Better Than Cure' in Property Insurance Disputes Although the notion of a binding agreement between two parties dates back to ancient times, the doctrine of contracts has evolved through ... Putting Together Risk Management Program for WTC Development Is a 'Team Effort' The new World Trade Center complex is taking shape; The 4 World Trade Center, a 72-story building at the southeast corner of the site being ... PwC US Names Managing Director for Actuarial and Insurance Management in N.Y. PricewaterhouseCoopers US (PwC US) announced that Henry Essert joined PwC's Actuarial and Insurance Management Solutions (AIMS) practice as ... More East News Midwest Illinois Man Gets 12-Year Sentence For Fatal Huffing Crash A north-central Illinois man was sentenced to 12 years in prison after Henry County prosecutors say he was huffing chemicals before a ... Illinois Based Company Fined $185K for Injury at Wisconsin Plant Federal safety officials fined an Illinois-based company more than $185,000 after a worker suffered severe burns at the same northern ... Highland Risk Services Partners with Ironshore for Continuing Care Retirement Communities Glenview, Ill.-based insurance wholesaler Highland Risk Services announced an exclusive partnership with Ironshore to provide liability ... More Midwest News Southeast Florida Approves 6.3% Increase In Citizens Homeowners Rates Florida homeowners who secure coverage through the state-backed property insurer will see their rates increase by a statewide average 6.3 ... Insurance Pros in Politics: Shealy is Sole Woman in South Carolina Senate Katrina Frye Shealy was the only woman in her insurance agency for years. It turns out that that was useful experience for her political ... Mississippi County Employee Charged with Workers' Compensation Fraud A Jasper County, Miss., man has been indicted on charges of workers' compensation fraud. Attorney General Jim Hood said 55-year-old David ... More Southeast News South Central BP Texas Refinery Neighbors Seek Billions at Toxic-Gas Trial BP Plc faces the first of almost 48,000 toxic exposure claims from neighbors of a Texas refinery who say they'll give the billions of ... Honore Backs Louisiana Lawsuit Against Oil Companies The Army general who won acclaim for helping restore order in New Orleans following Hurricane Katrina is backing a flood control board's ... Tulsa Oral Surgeon Accused in Health Scare Sued A Tulsa, Okla., oral surgeon accused of exposing thousands of his patients to hepatitis and HIV because of unsanitary clinics is now facing ... More South Central News West Insurance Pros in Politics: Cooley Masters Quake Insurance When it comes to mixing insurance and politics, the two might as well be one in the same for California Assemblyman Ken Cooley. Cooley, ... Radiation Treatment Lawsuit in Hawaii Settled for $15M The family of a lung cancer patient who suffered injuries after he was exposed to overdoses of radiation has settled a lawsuit for $15 ... Wyoming Man Refiles Wrongful Death Lawsuit Against Walmart A man suing a Sheridan, Wyo. Walmart, claiming his wife died after she ate a contaminated cantaloupe purchased at the store, has refiled ... More West News International Alternative Capital Dominates Discussions at Reinsurance Rendez-vous The 57th Reinsurance Rendez-vous is winding down, and, while it's been another successful networking opportunity for the re/insurance ... Humberto Becomes Season's First Hurricane; Gabrielle Spares Bermuda Hurricane Humberto, the season's first, churned in the Atlantic west of the Cape Verde Islands as Tropical Storm Gabrielle stalled after ... Compensation Talks Start in Geneva for Bangladesh Factory Victims Representatives of retailers, labor unions and non-governmental organizations began meeting today in Geneva to discuss compensation for ... World Bank Insurer's Record Year Led by Power Projects Coverage Political risk insurance provided by a World Bank Group agency in developing nations rose for a third straight year to a record, led by ... U.K. Crime Agency Won't Name Insurers Using Illegal Sources The U.K.'s Serious Organised Crime Agency refused to reveal the names of law firms and insurance companies that may have hired convicted ... More International News Insurance Journal Blogs Burand's Agency E&O Blog: Tip #45 Loss Control Results Usually Require Disclosure. An agency that uses non-carrier loss control services, regardless of whether it is a ... More Blogs 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 Travelers reducing commissions Posted: Wed Sep 11 -- I hate to say it but Travelers has been on a long, slow decline for the last few years it seems. We lost our PL appointment for not writing... paulbennings 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 Credit Card Processing Posted: Tue Sep 10 -- Sorry, this will sound as a really stupid question but I am on the doors of opening my first insurance agency and was just passing by the... manny79 CA_International Retention BOND Posted: Mon Sep 9 -- We are hoping that someone would be able to refer us to a surety that can transact with South Africa. Our CA based manufacturer is hoping to... Miguelito 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 Markets for HOA's Posted: Fri Sep 6 -- Anyone know if CIG is direct appointment only or if they have wholesalers in California? I've been trying to get in touch with them but have... ABMCalifornia Why I believe in insurance agents Posted: Fri Sep 6 -- and then "patched back together" because of the value the AGENT brought to the relationship. alsia Work Comp for Retail E-Cig/Vapor Shops Posted: Fri Sep 6 -- Does anyone have a market for electronic cigarette retail stores AKA Vapor Shops?... InsureTime Go to Forums Reader Comments West Virginia Family Sues Over Accident Photo Posted: Wed Sep 4 -- Absolutely inappropriate and disgusting behavior from a trusted "first responder". Moe New Jersey Court: Text Sender Can Be Held Liable in Crash Posted: Wed Sep 4 -- It is scary how unbelievably stupid our courts can be. Don Quixote 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 How U.S. Consumers Feel About Usage-Based Auto Insurance Posted: Fri Sep 6 -- My auto insurance agent who is a great guy and my insurance company who were kind enough to cover my Pontiac GTP and my 1958 Austin-Healey... Water Bug Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue September 9, 2013 Top Workers' Comp Writers; Intellectual Property: Copyright, Trademark, Patent & Cyber / Media Liability; Residential Contractors 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 Commercial Lines P&C Producer Personal Insurance Customer Service Representative Commercial Insurance Producer Licensed Property and Casualty Producer Have a job opening? List it on our Web site. 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