Daily Headlines: Monday, October 7, 2013

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October 7, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Commercial Rates Up 5% in September: MarketScout U.S. businesses buying property/casualty insurance in September saw a five percent rate increase on average, according to the latest index ... Miklus Named President of American Institute of Marine Underwriters John A. Miklus has been named the new president of the American Institute of Marine Underwriters (AIMU), the trade association representing ... Travelers Launches Online Cyber Risk Resources for Business Owners Travelers has introduced a suite of online resources to help business owners navigate the growing threat of cyber risks while also ... Tropical Storm Karen Downgraded Before Landfall Tropical Storm Karen was downgraded to a depression and storm warnings were discontinued Saturday night as the weather system churned in ... 10 Things to Know About Liquor Liability Liquor liability insurance is defined as coverage for bodily injury or property damage caused by an intoxicated person who was served... P/C Loss Reserve Cycles Are Real: AM Best The idea that carriers release loss reserves when property/casualty insurance markets soften and strengthen them in hard... More National News East Connecticut's Disaster Claims Mediation Program Bill Takes Effect In Connecticut, the state's insurance department now has the legal authority to establish a mediation program for claims disputes arising ... NYC Marathon Balances Security Worries Post-Boston The New York City Marathon's finish area will again fill with spectators, some carrying bags. More bomb-sniffing dogs also will be roaming ... New Jersey Gov. Christie Blames Civil Servant for Sandy Train Damage New Jersey Gov. Chris Christie says a low-level manager -- not the state's mass transit chief -- was to blame for failing to move trains to ... Philadelphia Insurance Names SVP of Field Underwriting in Pennsylvania Philadelphia Insurance Companies announced the hiring of Kurt D. Hines as senior vice president of field underwriting. He is based in the ... CNA Appoints VP for Long Island, N.Y., Branch CNA Financial Corporation announced the appointment of Bob Schmid to branch vice president for the Long Island, N.Y., branch effective Oct. ... More East News Midwest As Many as 9 Tornadoes Reported in Nebraska, Iowa As many as nine tornadoes - at least one rated a powerful EF3 - touched down across northeast Nebraska and northwest Iowa as a storm cell ... Michigan Woman Charged In Fake Auto Insurance Policy Scheme A 40-year-old woman has been arrested in the sale of more than 300 bogus auto insurance policies to Detroit, Mich.-area drivers. The Wayne ... $2M Settlement Over Minnesota Driver Data Snooping An insurance trust representing Minnesota counties has agreed to pay $2 million to settle a lawsuit over driver's license data snooping. ... Cost of Insurance Too High: Michigan Township Wants Different Mailing Address A township near Flint, Mich., is appealing a U.S. Postal Service decision to deny its request for a mailing address distinct from the ... More Midwest News Southeast Supreme Court Rejects Tobacco Companies' Appeal of Florida Case The U.S. Supreme Court rejected the tobacco industry's appeal of a Florida ruling that may help thousands of smokers sue cigarette makers ... In Kentucky, 11,000 Applied for Health Coverage in Week 1 Kentucky officials say nearly 11,000 applications have been completed to obtain health insurance under the state's new online marketplace, ... Mississippi Judge Faces Fine Over Asbestos Case The Mississippi Supreme Court has ordered a public reprimand and fine for a judge who was accused of failing to disclose a potential ... Florida-Based SDII Global Names Howard as President Tampa, Florida-based forensic engineering and insurance services firm SDII Global Corp.  has named  David M. Howard as chief executive ... More Southeast News South Central Storm System Karen Dissipates Off Gulf Coast After days of slowing moving toward the Gulf Coast, the storm system Karen dissipated over the weekend. The National Hurricane Center in ... Oklahoma State Chamber to Intervene in Workers' Comp Law Challenge The State Chamber of Oklahoma has filed a motion to intervene in a constitutional challenge against Oklahoma's new workers' compensation ... Health Insurance Contractor to Add 477 Jobs in Lawton, Oklahoma A federal contractor said it will hire nearly 500 people in Lawton, Okla., to help support the new health insurance exchanges created under ... Stakeholders to TDI: Not So Fast on Marketplace Navigator Rules State lawmakers and representatives from health insurance marketplace navigator organizations are questioning both the timing of an effort ... More South Central News West Tsunami Warning Centers in Alaska, Hawaii Open Despite Shutdown Despite the partial government shutdown, Americans have a full team of scientists tracking every possibility for an earthquake-triggered ... Insurance Not Likely To Cover Damage in Montana Fire Insurance policies belonging to the man who started the 2012 Corral fire in Montana likely won't be enough to cover the damage to ... Hole-In-One Golf Insurer: Guilty To 3 Felonies in Washington A businessman accused of insuring golf tournament hole-in-one prizes then failing to pay plead guilty in a Washington court to two counts ... More West News International China Evacuates 400,000 People Ahead of Typhoon Hundreds of thousands of people in southeast China were evacuated and fishing vessels called back to shore on Sunday because of an ... Taiwan Insurers Have $10 Billion to Invest in Foreign Property Taiwan insurers have the financial capacity to invest at least $10 billion in overseas properties after the island's government relaxed ... Ironshore Increases Global Terrorism Coverage Capacity Ironshore Inc. announced that its global Terrorism & Sabotage program to protect against diverse risk exposure worldwide has increased ... ACE Names Givelet to Lead European Environmental Risk Engineering Group ACE Group has appointed Nicolas Givelet as risk engineer in its Continental Europe environmental insurance team. In this newly-created ... EU-U.S. Trade Talks Halted by Shutdown, Complicated by Financial Services Rift Even before the cancellation of the latest round of EU-U.S. talks, negotiations to create the world's largest free-trade deal were getting ... Lloyd's CEO Richard Ward Reflects on 'Nearly 8' Eventful Years Lloyd's CEO Richard Ward is stepping down from the post at the end of the year. Despite the catastrophes of 2005 and 2011, the two ... More International News Join the Insurance Journal Network Insurance Journal TV Insurance Law, Regulation - Jim Wrynn Brings his Experience to the Private Sector James J Wrynn, Esq. served as New York's Superintendent of Insurance from 2009 to 2012, when... Watch Now 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 Watch more videos at InsuranceJournal.tv New Discussions in the Forums New lead model question - could cost per sale work? Posted: Sat Oct 5 -- Thanks again everyone for the candid and helpful feedback. It gives us a real "inside view" that would be impossible to understand from the... indexcos What Would Your Veteran Self, Tell Your Newbie Self... Posted: Fri Oct 4 -- Do: Shut up and let the client talk. Do: Be an advisor. People who don't work in the insurance industry know little or nothing about... sillyphil Peer-to-Peer Website & Self-Insuring Users Posted: Fri Oct 4 -- I wouldn't lose hope just yet. If RelayRides can find an insurance solution for peer to peer car rentals, there may be an opportunity to... SteveD Declination Statement - Earthquake Coverage Posted: Fri Oct 4 -- Great info p&csme! This is exactly the type of input I was hoping for! I should have items 1 & 2 wrapped up. I know I didn't share a copy of... sgoebel Erie Insurance, feedback please. Posted: Fri Oct 4 -- We had a territory rep for Erie insurance make a surprise visit to our agency because of our page one ranking in Google. We turned down Erie... Pathwayinsurance Exotic car, bad driver!! Posted: Fri Oct 4 -- 1.5 mil?? What type of car? ABMCalifornia Peer-2-Peer Musical Instrument Rental Insurance (SV Startup) Posted: Thu Oct 3 -- Sorry but your plan will only work if you get an insurance license. There is not enough commission to earn by a... tobytobitobe Travelers reducing commissions Posted: Wed Oct 2 -- It is interesting to see everyone's perspective on this. Some agents are of the opinion that the movie ending has already been determined,... lonestar Non-for-profit Volunteer Coverge Posted: Tue Oct 1 -- To yoyowordup: Automobile accident would go the the automobile carrier first for the volunteer, I think, unless something is in place for... des5500 Go to Forums Reader Comments Rep. Waters, Author of Flood Reform Act, Calls for Delay in Implementation Posted: Mon Sep 30 -- Her names on the flippin bill and she didn't understand it....Go figure. And now they have your healthcare. Good luck middle class, you have... jack New York's Lawsky Sees Obamacare as Model to Simplify Home Insurance Posted: Tue Oct 1 -- The title of this article almost made me spit out my coffee! Only in NY! youngin' Bill to Delay Flood Insurance Rate Hikes Stymied by Shutdown Politics Posted: Wed Oct 2 -- If these politicians feel so strongly about the rates, why don't they open their own flood insurance program with their OWN money and run... Baxtor Toyota Claims Plaintiffs Fabricated Fatal Acceleration Theory Posted: Wed Oct 2 -- Then she should have bought a car with a brake over-ride system if they wanted one. That's like me saying my I'm suing over my TV as it... Baxtor Monsanto to Buy Weather Data Modeler, Farm Insurer Climate Corp. for $930 Million Posted: Wed Oct 2 -- "Corn has fallen 42 percent in the past year amid forecasts for a record crop in the U.S., the world's biggest grower. Modified corn seed... 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