Daily Headlines: Wednesday, November 6, 2013

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November 6, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National AIG Using Science to Define 'Broker Quality Index,' Not Following Market: Benmosche Property/casualty insurance brokers who aren't diligent about the accounts they're presenting to American International Group risk being ... MMC's Marsh Insurance Brokerage Unit Q3 Revenue Rises 4% to $1.24B Marsh & McLennan Cos. (MMC) reported today its 2013 third quarter net income of $253 million, a 4.98 percent increase from $241 million ... PLUS Conference: Global Risks, Governance and Hypocrisy America's European allies are being hypocritical in their complaints about the U.S. spying on them because they all have their own ... Insurers Keeping Property-Catastrophe Insurance Price Relatively Flat: NAPCO With more than $600 billion in policyholders' surplus, the insurance industry is very well capitalized in spite of a large loss from ... 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... Wrongful Incarceration Suits Surge Giving Rise To Insurance Coverage Trigger Issues On Dec. 17, 1990, 17-year-old Jeffrey Deskovic was convicted by a Westchester County, N.Y., jury of the rape and murder... More National News East Conn. Gov.: Low-Interest Loans Available for Elevating Homes, Flood-Proofing Businesses Connecticut Governor Dannel P. Malloy recently announced the creation of the Connecticut Shoreline Resiliency Fund, a low-interest loan ... Penn. Insurance Department Offers Simple Tips to Prevent Home Fires Deaths from fires and burns are the third-leading cause of fatal home injuries, and Pennsylvania Insurance Commissioner Michael Consedine ... Allied Insurance Brokers Hires SVP for Ascinsure Specialty Risk Unit in Penn. Ascinsure Specialty Risk recently hired Curtis Kochman as senior vice president. Within this role, Kochman will spearhead Ascinsure's ... More East News Midwest North Dakota Insurance Dept. Seeks Policy Cancellation Info The North Dakota Insurance Department wants health insurance companies to disclose the number of people whose policies will be canceled ... Minnesota History Village now Center of Flood Fight A Minnesota philanthropist has been fighting to preserve a historical village after county officials learned the buildings sit in a flood ... Ohio Stats Show more than 5K Worker Amputations Data provided by the state shows that more than 5,000 workers in Ohio have suffered amputation injuries since 2005. The statistics from the ... More Midwest News Southeast Georgia Regulator Blasts Rocky Health Care Rollout, Federal Website Glitches Georgia's Insurance Commissioner Ralph Hudgens criticized the rocky rollout of President Barack Obama's health care overhaul in a recent ... Florida Names Burgess as New Insurance Consumer Advocate Florida Chief Financial Officer Jeff Atwater has named Steve Burgess as the state's new insurance consumer advocate. Burgess previously ... USAA to Hire Up to 1,215 New Employees in Hillsborough County, Florida Florida state officials announced Tuesday that United Services Automobile Association (USAA) will expand its presence in Hillsborough ... Georgia-Based AutoTown Insurance Acquires Fling Insurance Agency AutoTown Insurance, an independent agency based in Norcross, Georgia, announced its acquisition of Fling Insurance Agency in Lagrange, ... More Southeast News South Central Industries Confront Louisiana's Skilled Labor Gap A Harahan manufacturing company has had to recruit outside Louisiana for skilled trade workers. The Laitram Corp. isn't alone in its ... Marsh & McLennan Agency Acquires Texas' Elsey & Associates Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc., announced the acquisition of Elsey & Associates, a $4.5 ... Hubbard Joins Towerstone to Lead New Environmental Practice Wholesale insurance broker and managing general agency, Towerstone, announced that Jeffrey Hubbard has joined the company as director of ... More South Central News West California Insurance Broker Sentenced For Scamming Tom Hanks A Southern California insurance broker who overcharged Tom Hanks and his wife, Rita Wilson, hundreds of thousands of dollars has been ... Poms Names Jones Vice President in California Poms & Associates Insurance Brokers Inc. named Dan Jones vice president in its West Los Angeles office as. Jones has more than 25 years of ... Sutter To Pay $46M To Settle California Anesthesia Case One of the California's largest hospital chains has agreed to pay $46 million to settle allegations that its method for billing for ... Washington Driver Blames 'Gorilla' For Causing Crash A Spokane, Wash., woman who wound up with a totaled car, a broken collarbone and a $550 ticket blames her post-Halloween crash on a person ... Leavitt Central Coast Names Perez VP in California Leavitt Central Coast Insurance Services named Omar Perez vice president of alternative risk and affinity programs. Perez specializes in ... Arizona Legislator's Close Call in I-10 Dust Storm Prompts Call for Action An Arizona legislator had a narrow escape on Interstate 10 last week during a dust storm in Pinal County when chain-reaction collisions ... More West News International UNEP Report: Global Action Needed to Close 8-12 Billion Ton Emissions Gap Greenhouse gas emissions in 2020 will be 8 billion to 12 billion tons more than the level needed to keep global warming to only 2 degrees ... ING to Speed up Reorganization after Revised Deal with EU ING Groep NV, the biggest Dutch financial-services company, will complete its reorganization two years earlier than planned after winning ... Lockton's 'Compass' System Helps Multinationals with Global Compliance "One of the growing concerns among multinational risk managers is global insurance program compliance," a bulletin from Lockton notes. As a ... Qatar Reinsurance Report Finds Asian Markets 'Bustling with Confidence' The first Asia Reinsurance Barometer, published by the Qatar Financial Center (QFC) Authority, concludes that the "region's reinsurance ... RSA Tumbles as Windstorms Push Profitability below Target RSA Insurance Group Plc tumbled after the U.K.'s biggest non-life insurer by market value said it will miss its profitability target in the ... Gazançon Named AXA ART Chief Operations Officer Global art insurance specialist AXA ART announced the appointment of Jean Gazançon as Chief Operations Officer. He has also been appointed ... 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 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 It can happen to us too Posted: Tue Oct 29 -- We also had a claim, not theft related but our water heater burst in our office causing much damage. We tell... Pathwayinsurance 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 Courts Split Over Health Care Law Birth Control Coverage Mandate Posted: Mon Nov 4 -- How about Obamacaid since most of the state exchanges are sending the applicants to Medicaid instead of the vaunted ACA? Another good one... Agent 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 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 Obama Administration Under Fire for Individual Health Policy Cancellations Posted: Thu Oct 31 -- I'm sorry, jw, we'll just have to agree to disagree on this hot topic. No matter how it is justified, an abortion is killing a baby. Period.... 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