Daily Headlines: Wednesday, December 4, 2013

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December 4, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Reinsurers to Lower Prices Following Weak Hurricane Season: Fitch The quietest U.S. Atlantic hurricane season in decades will lead to a low double-digit fall in related catastrophe reinsurance pricing in ... Sea-Level Rise Too Fast for Current Forecast Tools, Study Says By the time climate change reduces crop yields or frequently floods New York City subways, it will be too late to avert damage without ... Portrait of New Wealth: $3 Billion Miami Art Basel Fair Art Basel Miami Beach, the largest U.S. art fair, will offer more than $3 billion of mostly postwar and contemporary works when it opens to ... Applied Systems Releases New Version of Epic Management System Applied Systems today released Applied Epic 2013 R2, the latest version of its agency and brokerage management system. Enhancements offered ... Ironshore Personal Lines Unit to Offer Excess Flood Coverage Ironshore's Personal Lines unit is expanding flood insurance coverage for high net worth homeowner clients.  The excess flood insurance is ... Let College Player Keep Half-Court Shot Prize Money: Athletic Board The Kansas Collegiate Athletic Conference recommended that the college basketball player who hit a half-court shot for $20,000 at an ... 10 Things to Know About Pollution Liability  In 2013, pollution liability news included: a $500 million cleanup plan for N.Y.'s Gowanus Canal; a $47 million cleanup plan for the... Runoff Specialists Are No Longer Buyers of Last Resort in Insurer M&A Runoff specialists are increasingly becoming visible acquirers of ongoing books of business as M&A activity heats up... More National News East Metro-North Crash Seen Thwarting Delay of Automatic Braking The deadly train derailment in New York City may force railroads to install automatic brakes by 2015 and dash industry efforts to put off ... N.J. Insurance Fraud Prosecutor, Overseas Regulator Discuss Anti-Fraud Efforts New Jersey's Acting Attorney General John Hoffman announced that the South Korea's insurance fraud regulator visited New Jersey Tuesday to ... Buffalo Officials Ask Shop Owners to Get Liability Insurance for Holiday Lights Business owners in Buffalo, N.Y.'s popular Elmwood Village shopping and entertainment district say the city is threatening to pull the plug ... Commentary: Have We Learned the Right Lessons From Sandy? One year ago, Hurricane Sandy slammed into the New York and New Jersey coasts. As a result, 43 people died, lower Manhattan was dark for ... MTA's Captive Insurer FMTAC Comments on Coverages for Train Derailment New York's Metropolitan Transportation Authority (MTA) has a wholly owned insurance subsidiary, a captive insurer called the First Mutual ... JLT Towner Acquires Charter Risk Management Services in Connecticut JLT Towner Insurance Management (USA), LLC, announced its acquisition of Charter Risk Management Services, LLC, a Connecticut captive ... Turi Elected Chair of New York Insurance Association Bernard Turi, senior vice president, director of risk and reinsurance of Utica Mutual Insurance Company (a member company of the Utica ... More East News Midwest Post-Hailstorm Roofing Permits in Kansas Town Return to Normal A surge in demand for roofing permits that began in Hutchinson, Kan., after a July 23 hailstorm appears to be coming to an end. Nearly ... Workplace Fatalities Up in North Dakota, Stay the Same in South Dakota Workplace fatalities in North Dakota last year totaled 64, up 20 over the year. In South Dakota, workplace fatalities last year totaled 31, ... Kansas' Douglas County to Get Flood Insurance Update Commissioners in Douglas County, Kansas, will hear a presentation about the impact of changes taking effect next year in the National ... Missouri Sued Over Limits on Health Reform Advice A coalition of medical organizations and health care advocates has sued Missouri over its requirement that only state-licensed counselors ... More Midwest News Southeast Homebuilder Lennar Says Florida Jury Awards It $1 Billion Against Developer Lennar Corp. said a Florida jury awarded it $1 billion in damages against a California developer, Nicolas Marsch III, who the homebuilder ... Workplace Injuries Drop in North Carolina The rate of injuries or illnesses at work has dropped in North Carolina. The North Carolina Department of Labor reported that fatalities ... Alabama Trial Over Somali Pirate Attack on Maersk Cargo Ship Delayed A judge has delayed the trial over a lawsuit filed after Somali pirates took over a U.S. cargo ship in 2009. Crew members are suing Maersk ... Judge Orders Mississippi Greyhound Bus Claim Update Greyhound Bus Lines Inc. and a woman who sued the company over a 2008 accident in south Mississippi have until Friday to advise the judge ... More Southeast News South Central Imperial Management Corp. Completes National Automotive Insurance Co. Acquisition Louisiana-based, Imperial Management Corp. (IMC), and Southport Lane LP announced that IMC has obtained all required regulatory approvals ... Interest in Insurance Rises in Oklahoma Along with Earthquake Activity It's become a predictable routine at Matt Pryor's insurance agency: An earthquake rumbles through Oklahoma, rattling dishes and nerves. ... Texas Department of Insurance Proposes Navigator Rules for Health Exchange The Texas Department of Insurance (TDI) has proposed rules relating to federal health insurance exchange navigators. The rules propose ... Insurance Technologies Corp. to Hold First User Group Conference in April Carrollton, Texas-based Insurance Technologies Corporation (ITC), a provider of agency marketing, rating and management software and ... More South Central News West Elliott Tapped as Fireman's Fund CIO in California Novato, Calif.-based Fireman's Fund Insurance Co. named John Elliott as chief information officer. Elliott will be responsible for ... Idaho Court: Mormon Church, Members Not Liable In Injury The Church of Jesus Christ of Latter-day Saints and its members cannot be held liable for injuries suffered by a child on a ... New Mexico Governor Appoints Workers' Compensation Director Gov. Susana Martinez has appointed a state government lawyer from Albuquerque to run a regulatory agency overseeing New Mexico's workers' ... USI Insurance Acquires Van Gilder in Colorado Valhalla, N.Y.-based USI Insurance Services has entered into an agreement to acquire Van Gilder Insurance Corp. in Denver, Colo. This deal ... Soderberg Named Nevada Division of Industrial Relations Administrator Donald Soderberg has been named administrator of Nevada's Division of Industrial Relations. Soderberg is based out of the Las Vegas office ... More West News International U.K. Insurers to Invest $41 Billion in Infrastructure The U.K.'s largest insurance companies will invest £25 billion ($41 billion) in infrastructure, as the government prepares to update its ... Axa Germany Sees Higher Profit; Plans New Life Insurance Product Axa Konzern AG, the German unit of Paris-based Axa SA, plans to increase operating profit this year as it reduces costs and readies a new ... Argo Group Makes International Management Appointments The Bermuda-based Argo Group International Holdings, Ltd. announced the appointment of Glenn Burles as senior executive officer of Argo Re ... 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 Affordable Care Act: A Brief Explanation Posted: Tue Dec 3 -- Better read the fine print. Keeping your own doctor may not be an option. To educate yourself read Betsy McCaughey's books on obamacare. cyberbob Trucking for hire with Losses Posted: Tue Dec 3 -- Try Progressive. jsjones51 Help Finding Car Insurance Average Coverage Stats? Posted: Mon Dec 2 -- I was wondering if anyone might be able to help me with an insurance question regarding automobile policy statistics. Ive been trying to... anabellelee NY Workers Comp For Concrete/Excavation Contractor Posted: Mon Dec 2 -- I'm looking for a market other then NYSIF to place this account. Payroll is over 100k and owner will give out payroll processing if he can... Nyr085 Alternative to hotels for displaced clientele Posted: Sun Dec 1 -- Hello, I'm new to this site, thanks for so many excellent comments on so many topics. Here's my question, hopefully someone can steer me in... icansolvetheproblem Illinois Midwest Work Comp- tool mfg 3099 Posted: Tue Nov 26 -- HI does anyone know where I can BOR a work comp policy for Illinois Midwest for a CA policy? The class code is 3099 tool mfg NOC and... pcbroker Parachute Rigger Insurance Posted: Tue Nov 26 -- Greatest answer ever given on this board!!! LOL! dgarzoli Technology Question - Submission Management Posted: Sat Nov 23 -- I am looking for the right application submission system for our agency. We are a wholesaler with an exclusive product. - Dashboard for us... InsureTime Go to Forums Reader Comments Healthcare.gov Attracts 800,000 Visitors As Operation Improves Posted: Tue Dec 3 -- Hey Jack, I saw where Obama is preparing a bailout package for the Insurance Industry since they will be picking up all the PreX people that... Agent Judge Orders Sriracha Plant to Partially Shut Down Posted: Wed Nov 27 -- But, the cement plant, coal factory, or whatever right down the street that's putting TOXINS in the air is OK? Jeez InsGuy Tower Group to Cut 140 Jobs After Q2 Loss Due to Reserve Charges Posted: Mon Dec 2 -- Amen to that. If were among the 90% left, I'd be looking elsewhere pronto! Libby Coast Guard Has No Duty to Undertake Rescue Efforts, Court Ruless Posted: Mon Dec 2 -- Roger, I think you need to read the decision again, it clearly says the CG was engaged in other cases at the time. As a decision maker do... Retired CG Officer Supreme Court Agrees to Hear Religious Exemption to Birth Control Benefit Posted: Tue Dec 3 -- FFA, How many Democratic politicians have expressed interest in how you were doing as a business? Has Emanuel & Quinn been by to see you... 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