Daily Headlines: Thursday, October 24, 2013

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October 24, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Flood Insurance Price Increases Affecting Home Sales Rangel Dockery and her husband bought a waterfront house in Florida four months ago, assuming their $2,000-a-year flood-insurance premium ... Senate, House Negotiators Tackle Farm Bill, Crop Insurance U.S. Senate and House negotiators, who will begin working on a compromise farm bill on Oct. 30, face a major fight over proposed deep cuts ... Bill to Curb 'Patent Trolls' Introduced in Congress A U.S. congressman, who has led the charge against frivolous patent infringement lawsuits, introduced a bill on Wednesday to curb the ... After JPMorgan $13B Deal, Banks Seek Protections in Future Bailouts As the U.S. government closes in on a $13 billion settlement with JPMorgan Chase & Co. over its mortgage practices, lawyers specializing in ... Jury Finds Bank of America Liable for Countrywide Mortgage Fraud Bank of America Corp. was found liable for fraud on Wednesday over defective mortgages sold by its Countrywide unit, a major win for the ... Top 30 Homeowners Insurers Q2 2013: SNL Financial Verisk Climate, HSB Launch Service to Assess Electrical Blackout Risk Verisk Climate and The Hartford Steam Boiler Inspection and Insurance Co. (HSB) have introduced new technology and consulting services that ... Aon Benfield: U.S. Homeowners Insurance Offers Growth Opportunities A new report from Aon Benfield, a reinsurance intermediary and capital advisor of Aon plc, says U.S. homeowners insurance is showing... Flooding and Flood Models Explained: Karen Clark Reviews the Basics There are multiple types of flooding that can cause significant property damage and losses to insurance... More National News East Federal Court Rules Delaware Business Court's Private Arbitration Is Unconstitutional Delaware's legal industry suffered a blow when a federal court found on Wednesday the state violated the U.S. Constitution with its novel ... A Year After Sandy, a Slow Recovery for Thousands A year after Superstorm Sandy catastrophically flooded hundreds of miles of eastern U.S. coastline, thousands of people still trying to fix ... Survey: Many Sandy-Impacted Small Biz in N.Y. Unprepared for Another Storm A year after Superstorm Sandy, a new survey of small business owners and managers in the metropolitan New York City area found that nearly ... New Jersey's Second Homeowners Stuck in Limbo a Year After Sandy The Jersey shore's small vacation bungalows and cottages have for decades staked out little plots of paradise where families who scrimped ... Maryland's Chesapeake Employers Promotes Dreher to Director of Underwriting Chesapeake Employers' Insurance Company, formerly IWIF, recently announced that Joanne Dreher has been promoted to director of ... USI Appoints V.P. for Employee Benefits Services in N.Y. Metro Office USI Insurance Services announced that Rick Renna has joined the brokerage as vice president in the New York metropolitan office. Renna ... More East News Midwest Eyeing Affluent Market, Crestbrook Ready to Launch in Illinois Well-to-do Illinois residents and their insurance agents can soon look forward to another option when it comes to protecting their assets. ... Nebraska Insurance Agency Owner Gets 6 Months in Tax Case A 69-year-old Nebraska businessman has been given six months in prison for not paying to the government money he'd withheld for federal ... Missouri Insurance Department Adds Lederer as Property/Casualty Actuary The Missouri Department of Insurance announced that Julie Lederer has joined the department as the appointed Missouri property/ casualty ... More Midwest News Southeast North Carolina, Florida Among States With Most Reported Heavy Equipment Thefts A report this month from the National Insurance Crime Bureau (NICB) shows five of the top 10 states nationwide with the most reported heavy ... North Carolina Captive Insurance Law Now in Effect North Carolina is open for business as a domicile for captive insurance companies. The North Carolina Captive Insurance Act, signed into ... South Carolina City's Special Court to Deal with Abandoned Properties Florence is taking steps to deal with abandoned and run-down buildings and revitalize neighborhoods by starting a city livability court. ... More Southeast News South Central Louisiana Lawmakers Urged to Act on Flood Insurance Rate Hikes Louisiana lawmakers are being urged to reach out to their colleagues in other states, to draw more attention to dramatic rate increases in ... Louisiana Forensic Firms Move into New Business Lines After Hurricane Katrina, several forensic engineering firms popped up in the New Orleans area to serve an insurance industry overwhelmed ... Arkansas Judge OKs Class-Action Status in Marlboro Lights Suit A judge in Arkansas has granted class-action status to a lawsuit that claims Philip Morris USA deliberately exaggerated the safety of its ... More South Central News West Nevada DMV Approves Final Rules For Driver Cards People living in Nevada without legal residency can begin logging on to a state website for information about a driver authorization card ... Fireman's Fund Names Dipasupil Vice President in California Novato, Calif.-based Fireman's Fund Insurance Co. named Jay Dipasupil vice president of professional liability. Dipasupil will lead ... Oregon Jurors Order Hospital to Pay $2.4 Million Jurors on Tuesday ordered a Columbia Gorge hospital to pay $2.4 million in compensatory damages to three victims of an anesthesiologist now ... Leavitt Group Names Newman in Southern California The Leavitt Group named Angela Newman vice president in its national restaurant insurance program. Newman will work in the Covina, Calif. ... NTSB: 2 Dead BART Workers In California Charge Of Own Safety National Transportation Safety Board investigators say under Bay Area Rapid Transit rules, the two track workers who were killed in an ... More West News International Geneva Association Calls on Governments to Act on Disaster Risks In recognition of the impact wrought by Superstorm Sandy - $68 billion, the second biggest natural catastrophe loss in U.S. history - and ... Willis Launches Global 360 to Specialty Clients Willis Limited, a subsidiary of Willis Group Holdings Plc, has announced the first set of insurers offering to support Global 360, which it ... ACE Posts Record Q3 Operating Income of $857 Million; $916 Million Net ACE Limited reported net income for the quarter ended September 30, 2013, of $916 million, $2.66 per share, compared with $640 million, ... Allied World Reports $122.8 Million Q3 Net Income; $101.8 Million Operating Allied World Assurance Company Holdings, AG reported net income of $122.8 million, or $3.54 per diluted share, for the third quarter of ... 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 7 day insurance policy Posted: Thu Oct 24 -- I currently have my own agency and deal with multiple dealerships who also deal with la insurance. A lot of the clients purchase 7 day... justinarabo SCUBA Dive Shop Posted: Wed Oct 23 -- I need help locating a new home for a CA retail SCUBA dive/ski shop. They have rental/repair exposure of about 5%. Your help is greatly... mce23 New lead model question - could cost per sale work? Posted: Wed Oct 23 -- I am a little late to the conversation. Are you looking at doing health and life leads? I am starting a new agency in North Carolina and... bakulmm New Phone Line System Help Posted: Wed Oct 23 -- We've been using VOIP for several years and it has real benefits if you want something that scales well, and allows remote access, call... jcardrant It can happen to us too Posted: Wed Oct 23 -- Serial numbers can help because they are tracked by the police and distributed to pawn shops. Now, if they are sold on the "black market"... beyert1 How to divide work to customer service reps Posted: Mon Oct 21 -- One of our offices is similar in size and personnel. We have one CSR who handles only PL, one CSR who handles the larger CL accounts, and... superdash8 How would you insure this risk? Overseas traveling Posted: Sat Oct 19 -- We can do the foreign liability (US and Canada claims would be excluded).... INTLXS becoming appointed Posted: Sat Oct 19 -- I have seen people in your situation get appointments from Erie. They will have expectations of so many applications per month. Contact your... INTLXS Go to Forums Reader Comments Bernanke Excused from Testifying in Greenberg's Suit Over AIG Bailout for Now Posted: Thu Oct 17 -- Go get em Hank! I agree the Federal government got involved in something they shouldn't have. And someone needs to question this government... Baxtor Louisiana High Court Strikes Down Immigrant Driver Law Posted: Mon Oct 21 -- No what's INSANE is giving someone a gov't issued DL without proof of being here LEGALLY. InsGuy Administration Says 500K Americans Have Submitted Obamacare Applications Posted: Mon Oct 21 -- Yes FFA. Had you gone on the Fox site, you would have heard it and all the BS associated with it. In fact, you can click on the link and see... Agent Florida Condo Developer Sues Residents Over Website Posted: Tue Oct 22 -- The Truth Hurts. Cheetoh Mulligan Is Obamacare Headed for Death Spiral? Posted: Wed Oct 23 -- So you believed all the lies he told to get into office. Are you still okay with all the lies he's told since he's been in office. Fast and... Integrity Matters Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue October 21, 2013 Top Commercial Lines Agencies; Risks of the New Economy: High Tech, Biotech, Nanotech, Robotics, Media / Cyber Liability, Alternative Energy, Green Building & Car / Home Sharing; Commercial Property 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 Territory Manager Territory Marketing Manager - P&C Director, Operations Finance Claims Professional Have a job opening? List it on our Web site. 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