Daily Headlines: Thursday, November 7, 2013

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November 7, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Use of Predictive Models Widesperad in P/C Insurance: Survey A survey of North American insurance professionals reveals widespread use of predictive analytics in the property/casualty insurance ... Senate Expected to Pass Gay Workplace Rights Bill Opposed by House Most employers would be banned from firing, demoting or refusing to hire workers because of their sexual orientation or gender identity ... Neutral El Nino Condtions Forecast Through Spring: NOAA The U.S. National Oceanic and Atmospheric Administration (NOAA) said on Thursday it expects neutral El Niño weather conditions to persist ... AIG Settles Dispute Over Real Estate Executive Pay for $274M American International Group Inc. has agreed to settle a $274 million lawsuit by a former executive who said the insurer refused to pay him ... Endurance Specialty Names CEO of U.S. Insurance Division Endurance Specialty Holdings Ltd., a Bermuda-based specialty provider of property/casualty insurance and reinsurance, announced Douglas ... Insurers' Annual Incurred A&E Losses Rose 12% in 2012: A.M. Best While generally not a material drag on the U.S. property/casualty industry's earnings, industry losses from asbestos and environmental ... Eyeing Affluent Market, Crestbrook Enters First State of Illinois with More to Come Well-to-do Illinois residents and their insurance agents now have another option when it comes to protecting their assets. Crestbrook... 82% of P/C Insurers Using Predictive Analytics: Earnix/ISO Research A survey of North American insurance professionals reveals widespread use of predictive analytics in the... More National News East N.J. Seeks to Shift Funds to Aid Homeowners Waitlisted for Sandy Grants New Jersey Governor Chris Christie's administration said it is seeking to allocate additional federal funds to two major Superstorm Sandy ... Pennsylvania Diocese: Birth Control Mandate 'Historic' The Roman Catholic Diocese of Pittsburgh say the federal government is trying to remove First Amendment religious protections from ... Teen Drivers Getting in Fewer Accidents in Massachusetts Massachusetts state officials say the number of accidents involving newly licensed teenage drivers has dropped by half since 2007 when ... More East News Midwest CNA Hires New Vice President of Reinsurance Placements Chicago-based CNA Financial Corp. announced that it has appointed Sheila Chapman vice president of reinsurance placements. In this role, ... Iowa City Work Prompts Lower Flood Insurance Rates Property owners in Iowa City's 100-year flood plain will get a 15 percent discount on their flood insurance premiums because of city ... Dovetail Insurance Expands Distribution of BOP Product in Midwest U.S. Dovetail Insurance, a supplier of cloud-based insurance product delivery services, is expanding its distribution of NetBOP in seven states, ... Horace Mann Announces Property/Casualty Leadership Changes Springfield, Ill.-based Horace Mann Educators Corp. has named Stephen P. Cardinal to lead its property/casualty business as executive vice ... More Midwest News Southeast Ladd Joins Senn Dunn in North Carolina Senn Dunn Insurance in Greensboro, North Carolina has named Wanda C. Ladd as director of Human Resources for the statewide agency. Ladd ... Florida Lawmakers Re-examine PIP Law in Light of Court Ruling Florida lawmakers are taking another hard look at the future of the state's no-fault automobile insurance law in light of a circuit court ... Regions Insurance Expands Employee Benefits Practice in Tennessee Birmingham, Ala.-based Regions Insurance, an affiliate of Regions Bank, said it entered into an agreement with The Hanback Group in ... W.Va. Fruit Growers Reminded of Insurance Deadline on Next Year's Crop West Virginia Department of Agriculture issued an insurance reminder for the state's fruit producers, citing USDA Risk Management Agency's ... More Southeast News South Central Texas Brine Sued by Liberty Insurance over Louisiana Sinkhole One of the insurers for Texas Brine Co. has filed a lawsuit accusing Texas Brine of ignoring warnings about the potential for disaster if ... Lack of Insurance Could End Police Patrols in Louisiana Town The town of Sorrento, La., has less than two weeks to find liability insurance to back its police department before the current insurance ... Nationwide Insurance Recruiting New Agents in Texas Columbus, Ohio-based Nationwide Insurance announced that the company is looking to add 100 new Advantage Program insurance agents in the ... More South Central News West Pinnacol Board in Colorado Names New Chief Executive Officer Pinnacol Assurance's board of directors named Philip B. Kalin president and CEO of Pinnacol. Kalin was selected as a finalist for the ... Colorado Lawmakers Reviewing Flood Response Colorado lawmakers are studying responses to September's catastrophic floods. A special state legislative panel held its first meeting ... Los Angeles County Settles $7.5M Medical Malpractice Suit The Los Angeles County Board of Supervisors approved a $7.5 million payment to a toddler who was born with a brain injury at a county-run ... MJ Insurance Names Gerig in Arizona MJ Insurance named Lauren Gerig to its property/casualty department in the Phoneix, Ariz. Office. Gerig will work to service new and ... More West News International AIR Estimates Insured Losses from Europe Windstorm at $2-$3 Billion Catastrophe modeling firm AIR Worldwide has estimated that insured losses from Windstorm Christian (known as St. Jude in the UK) will range ... Munich Re Plans $1.35 Billion Buyback as Q3 Net Beats Estimates Munich Re, the world's biggest reinsurer, plans to buy back €1 billion ($1.352 billion) of its shares as third-quarter profit dropped 44 ... Swiss Re Q3 Net Beats Analyst Forecasts as Non-Life Sales Jump Swiss Re Ltd., the world's second- biggest reinsurer, reported better than expected third-quarter profit after non-life premiums rose by a ... Arctic Ship Route May be Safer with Anglo-Russian Radio Waves The perils of the new Arctic shipping route, warmed by climate change, may diminish with a British-Russian radio navigation initiative, ... Generali Third-Quarter Net Profit Rises as Operating Income Climbs Assicurazioni Generali SpA, Italy's biggest insurer, said third-quarter profit rose 75 percent as it earned more from its life segment and ... ABI Estimates 105,000 Claims Totaling $208 Million from St. Jude Storm The Association of British Insurers (ABI) said it expects the country's insurers to "deal with a total of 105,000 claims, and pay out £130 ... More International News Join the Insurance Journal Network Insurance Journal TV Markets in Motion - Sports & Entertainment Venue The 650,000 square foot Honda Event Center in Anaheim, Calif. holds thousands of people at any... Watch Now A World With or Without TRIA Since the creation of the federal terrorism reinsurance program in 2002 until now the market... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Free CE Classes in Martinsville and Danville, VA Posted: Wed Nov 6 -- Hi all, I need assistance in finding some free CE Classes in Martinsville and Danville, VA area. Please advise. Thank you for your help in... Helenhsu45 Hartford School of Insurance Posted: Wed Nov 6 -- Has anyone ever attended any of the programs offered by the Hartford School of Insurance? They are fairly pricey but look like good intense... yoyowordup CA liability coverage for product - Gopher Gasser Posted: Tue Nov 5 -- Hartford will cancel current GL policy if this product in production. The market from AgentSecure decline it. Let me try Bliss & Glennon. antagent New Phone Line System Help Posted: Tue Nov 5 -- I highly suggest you RUN AWAY from any VOIP proposal from Megapath. I just recently went through HELL with this terrible company and being... mhutch69 Travelers reducing commissions Posted: Sun Nov 3 -- Look around...I know of one company with realtime electronic submission with bound/underwritten quotes paying 17% NB in P&C. ...And they... OldIndyAgent Erie Insurance, feedback please. Posted: Thu Oct 31 -- I would stay away from Erie. Erie has appointed too many agents and their competitive position has taken a turn for the worse. Erie's... randrew54 7 day insurance policy Posted: Tue Oct 29 -- Justin, Unfortunately, that program is exclusive to LA Insurance. If you really want access to it, you could access it by becoming an LA... PiP becoming appointed Posted: Tue Oct 29 -- Try an Aggregator/Cluster group. By joining you get instant access to preferred markets, higher commissions and contingency opportunities... PiP Go to Forums Reader Comments N.Y. Expects 100,000 to Change Health Insurance Under Federal Overhaul Posted: Mon Nov 4 -- The "Affordable" Care Act just cost me another $7,800 a year starting Jan 1st. AND raised my deductible $2,000 annually and I can't afford... Big D Buffett Looking For Acquisitions as Berkshire's $40B Cash Pile Deemed 'Too Much' Posted: Thu Oct 31 -- Wow, if I was one of his employees I would love to receive a $1 million bonus. Just think how that would boost the economy through his... Baxtor Report: Warming Likely to Make Bad Things Worse Posted: Wed Nov 6 -- "We reduce the amount of energy consumed and we all end up living in caves again." No doom and gloom hyperbole there... EBA Lost Pheasants, Disappearing Grasslands: Is Crop Insurance to Blame? Posted: Fri Nov 1 -- There would be more credibility to your article blaming loss of pheasant population on political causes if you wouldn't show a hen pheasant... ecinfel Washington Driver Blames 'Gorilla' For Causing Crash Posted: Wed Nov 6 -- Is she sure it wasn't a deer in a gorilla costume? Whodathunkit? 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