Weekly Reader Picks: Monday, November 4, 2013

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November 4, 2013 Top 10 for the Past Week 1. Safe, Happy Halloween From ‘World’s Leading Authority on Poisoned Candy’ Oct 31, 2013 -- I have a second, unpaid job. It's seasonal. Each year during the last two weeks of October, I field a lot of calls from reporters. You see, I'm the world's leading authority on poisoned Halloween candy. I acquired ... Share This: 2. Bipartisan Deal Reached to Delay Flood Insurance Premium Hikes: Waters Oct 28, 2013 -- Key House and Senate members have reached a bipartisan deal to delay changes to the federal flood insurance program that are raising premiums for many homeowners. The bill would require regulators to address ... Share This: 3. Buffett Looking For Acquisitions as Berkshire’s $40B Cash Pile Deemed ‘Too Much’ Oct 31, 2013 -- Warren Buffett, who aims to have $20 billion in cash at his Berkshire Hathaway Inc., isn't investing fast enough to keep money from piling up. Berkshire will post a $4.3 billion third-quarter profit, according to an ... Share This: 4. Usage-Based Auto Insurance on Road to Becoming Standard Offering Oct 29, 2013 -- Technology is spurring innovation and altering risk scenarios throughout the economy including in auto insurance. While advanced auto safety features, the shared economy and driverless cars promise to reshape auto ... Share This: 5. Obama Administration Under Fire for Individual Health Policy Cancellations Oct 30, 2013 -- President Barack Obama's advisers deliberately crafted his signature healthcare law to fulfill his oft-repeated promise: those who like their insurance can keep it. Even with that provision, Obama administration ... Share This: 6. Why McKinsey’s Prediction of Demise of Independent Agents Is ‘Dead Wrong’ Oct 28, 2013 -- A recent report from McKinsey & Co. had some bad news for local property/casualty insurance agents— many of them will be out of business within the next five to 10 years. McKinsey contends that "the economics of ... Share This: 7. Nightclub Insurer Founder Fights Delaware Regulator Over Seizure Oct 30, 2013 -- Indemnity Insurance Corp., which insures nightclubs, is at the center of a legal tug of war between its founder and the Delaware insurance commissioner. The dispute between company founder Jeffrey B. Cohen and ... Share This: 8. Rusbuldt on McKinsey 5: Where Will Agents Really Be in 5 to 10 Years? Nov 1, 2013 -- Bob Rusbuldt, president and CEO of the Independent Insurance Agents and Brokers of America – the Big "I"- takes issue with a McKinsey report that claims local independent agents will soon be extinct. In this fifth ... Share This: 9. Insurance, Tax, Climate Groups Hit Possible Delay in Flood Insurance Changes Oct 28, 2013 -- The prospect of a delay in flood insurance reforms that are raising premiums for many homeowners is being met with pushback from business, taxpayer and insurance groups. Rep. Maxine Waters, D-Calif., ranking member of ... Share This: 10. Insurers Rated on Customer Satisfaction with Auto Claims: J.D. Power Oct 30, 2013 -- Customer satisfaction with auto insurance claims handling is improving, due in large part to insurers' improvements in managing the first notice of loss (FNOL) process and providing faster payments to claimants, ... Share This: Popular Videos A World With or Without TRIA Combining Service and Sales Selling and Serving the Social Consumer Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us 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

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Daily Headlines: Friday, November 1, 2013

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November 1, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Lost Pheasants, Disappearing Grasslands: Is Crop Insurance to Blame? The hunters tramp through neck-high prairie grass with a pair of golden retrievers named Moe and Buck, flushing out birds in a freezing ... Rusbuldt on McKinsey 5: Where Will Agents Really Be in 5 to 10 Years? Bob Rusbuldt, president and CEO of the Independent Insurance Agents and Brokers of America - the Big "I"- takes issue with a McKinsey ... U.S. Weighs Scanning Social Media to Prevent Risky Hires The U.S. government is studying whether it can scour social media websites for clues about potential risks from workers such as Edward ... Insurer Alleges Robotic Surgery Firm Lied About Claims Intuitive Surgical Inc., the maker of robotic surgery devices targeted by patient lawsuits, was sued by an insurer alleging the company hid ... AIG's Q3 Profit Advances 17% to $2.17B; Property/Casualty Sales Decline American International Group Inc., the insurer that repaid a U.S. rescue last year, said third- quarter profit climbed 17 percent as ... Markets-in-Motion: Sports & Entertainment Arenas The 650,000 square foot Honda Event Center in Anaheim, Calif. holds thousands of people at any given time, creating the opportunity for many... Heard at PCI: Looking Ahead to Jan. 1, Re Brokers See Changes Beyond Rate Drops Insurance carriers are not sitting around looking forward to lower-priced reinsurance contracts on their Jan. 1, 2014... More National News East Maryland's Chesapeake Employers: Business as Usual for Policyholders, Agents Maryland's largest writer of workers' compensation insurance and the insurer of last resort adopted a new name and a new corporate ... New York Bans 12 Doctors From No-Fault Insurance Billing New York officials have banned 12 doctors and six therapists from billing the state's no-fault auto insurance system in an initiative to ... President Obama Cites Early Setbacks of Massachusetts Health Law President Barack Obama chose the site where Massachusetts' health care system became law to promote his signature health insurance program, ... Connecticut Approves NCCI's 3.2% WC Loss-Cost Increase Filing Connecticut regulators this week approved the National Council on Compensation Insurance's workers' compensation filing for an overall +3.2 ... The Hanover Insurance Group Q3 Profit Rises 52% to $61M The Hanover Insurance Group Inc. reported net income of $61.3 million for its 2013 third quarter, an increase of 51.7 percent compared to ... More East News Midwest UPS Driver in Michigan Works 51 Years, No Crashes UPS driver Tom Camp from Livonia, Mich., and his big, brown truck have done something no other UPS driver has accomplished: 51 years ... Former Kansas City Worker Admits Insurance Fraud A former Kansas City municipal court employee has pleaded guilty in a scheme to use an insurance member benefit program to illegally rack ... Joplin Man Held Without Bail in Planned Parenthood Arson Case A federal judge has ordered no bail for a southwest Missouri man suspected of setting fires at a Planned Parenthood facility and an area ... Manufacturer Faces Nearly $148K in Fines for Amputation Hazards in Ohio Napoleon Spring Works Inc., a manufacturer of garage door hardware, has been cited $147,600 in proposed penalties by the U.S. Department of ... More Midwest News Southeast 9 with Cancer Sue DuPont Over West Virginia Plant Chemical Nine Ohio and West Virginia residents who have cancer and other diseases have filed federal lawsuits this month against chemical giant ... More Southeast News South Central Louisiana Citizens Insurance Settles Remaining 2005 Hurricane Claims A state-run insurance company of last resort in Louisiana has settled the remaining claims in a class-action lawsuit tied to how it handled ... Armstrong Loses Key Ruling in Bonus Money Fight with Insurer A Texas insurance company that specializes in promotions and prizes is closer to forcing Lance Armstrong to return about $12 million in ... Frost Insurance Acquires Kolkhorst Insurance Agency in Houston Frost Insurance announced it has acquired Kolkhorst Insurance Agency, an independent Houston-based insurance agency that offers a full ... Billions in Flood Insurance Liability at Stake from Central Texas Storms Central Texas is mopping up after strong storms dumped more than a foot of rain in some areas, and many homeowners likely will be hoping ... More South Central News West Montana, Feds To Seek Damages From Exxon Spill Montana and federal officials say they'll seek compensation from Exxon Mobil Corp. for natural resource damages caused by a crude oil spill ... California City's Bid To Close Sriracha Plant Denied A judge has refused to order an immediate halt to production of the internationally popular hot sauce Sriracha at a Southern California ... Nevada HOA To Pay $65K After Banning Family's Ambulance A Las Vegas homeowners association agreed to pay $65,000 to a family after refusing to allow them to park an ambulance they used for their ... Wyoming Outdoor Leadership School Sued Over 2011 Death The mother of a 20-year-old Minnesota man has filed a wrongful death lawsuit against the Lander, Wyo.-based National Outdoor Leadership ... FBI: California Senator Tied up in Workers' Comp Fraud An FBI investigation shows that state Sen. Ronald Calderon accepted bribes from a hospital executive in Southern California who ran an ... More West News International Emerging Economies Nearing Half of Global Warming Emissions Total greenhouse gas emissions by China and other emerging nations since 1850 will surpass those of rich nations this decade, complicating ... AXIS Capital Reports $137 Million Q3 Net Income; $512 Million 1st 9 Months Bermuda-based AXIS Capital Holdings Limited reported net income available to common shareholders for the third quarter of 2013 of $137 ... Aspen Posts $107.4 Million Q3 Net Income Bermuda-based Aspen Insurance Holdings Limited reported net income after tax of $107.4 million, or $1.43 diluted net income per share, for ... More International News Join the Insurance Journal Network Insurance Journal TV A World With or Without TRIA Since the creation of the federal terrorism reinsurance program in 2002 until now the market... Watch Now Aon Benfield's Adam Podlaha Explains Cat Models - and More Insurance Journal's Charles Boyle interviewed three specialists from Aon Benfield's... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums 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 CA liability coverage for product - Gopher Gasser Posted: Thu Oct 31 -- My client is a California wholesalers for garden supplies. They're looking for liability coverage for their new product - Gopher Gasser. The... antagent Travelers reducing commissions Posted: Wed Oct 30 -- It's not an 8% cut, it's actually a 20% cut: 15% x .80 = 12%. Despite the cut,... gforaker 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 New Insurance Agency Posted: Tue Oct 29 -- It is very difficult to get an appointment as a new agency...we were only able to do so because I was one of the top performing captive... Pathwayinsurance 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 New Phone Line System Help Posted: Mon Oct 28 -- As someone who has been on the traditional PBX system, to VOIP (to another VOIP) and then finally moved back to a traditional PBX. I was on... Smalltownagent Go to Forums Reader Comments Idaho Lawsuit Is Latest Claim Against Remington Posted: Mon Oct 28 -- basic principle of firearm use/handling: never point it in any direction that might cause injury should it misfire. why would he have been... bob Bipartisan Deal Reached to Delay Flood Insurance Premium Hikes: Waters Posted: Mon Oct 28 -- I am still laughing. Where are all my capitalistic, market crazy Republican friends who should be insisting the rates be market rates, no... JohnS Alabama Couple Sues Kentucky Motel Owners for $5M Over Illness Posted: Mon Oct 28 -- Yet another blatant example of throwing a high number in the air in the hopes the motel's carrier will settle for less. How in the hell did... Scott Insurance, Tax, Climate Groups Hit Possible Delay in Flood Insurance Changes Posted: Mon Oct 28 -- Maybe the govt should stop sending out $25 billion yearly to other anti-American countries and use the funds to solidify the FEMA/NFIP... Earl Murphy Usage-Based Auto Insurance on Road to Becoming Standard Offering Posted: Wed Oct 30 -- For years, auto carriers used proxys to predict future loss history such as insurance scores, marital status, location, etc. So-called... Auto PM 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 Program Manager II Program Manager II Commercial Lines Account Manager Program Manager II Have a job opening? List it on our Web site. How to Advertise For information about advertising on this newsletter and Insurance Journal magazines, contact Julie Tinney at (800) 897-9965 x148. View our Media Kit for advertising options in our magazines and online properties. 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New Markets Daily: Friday, November 1, 2013

Having trouble reading this email? View it in your browser. Not interested anymore? Unsubscribe Instantly.    Market Directory | Featured Articles | Latest Forums | Ask a Question November 1, 2013 Market Announcements Record Storage & Destruction Companies Hanover Document Management Advantage was developed to provide organizations in this industry with the coverages they need to protect... States: All states View details Excess E&O All "A" Rated Carriers, Excellent Policy Forms, Competitive and Prompt Quotes, Quality Service Since E&O Is Our Only... States: All states View details Fire Sprinkler Elite Program The only Endorsed Fire Sprinkler Program, through the American Fire Sprinkler Association. We offer All Lines including Workers... States: All except DE, HI, NY, SD View details Bundle Comp Introducing Bundle Comp Programs. We have exclusive A rated workers comp programs available for companies of all types. Expect to save... States: All states View details Catering Trucks - Revised Program Revised program specifically for Catering Trucks. Minimum limits liability available for all Catering Trucks regardless of size. No... States: CA View details Guidewire ClaimCenter® Guidewire ClaimCenter® is a leading end-to-end claims management system, built from the ground up to meet the specific needs of today's P&C insurers. Deliver Insurance Your Way. Click Here to Learn More Feature Articles Markets-in-Motion: Sports & Entertainment Arenas The 650,000 square foot Honda Event Center in Anaheim, Calif. holds thousands of people at any given time, creating the opportunity for many... Read more Q&A: Why Carrier Product Technology is an Indicator of Organizational Culture, Priorities The perception that the insurance industry does not embrace or utilize technology as efficiently as it could is simply not true, says Craig... Read more 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... Read more Latest Forums alaska restaurant/lounge with minor loss history Need a package with liquor, property BI/EE and GL.  Minor loss (under $1200) in 2012.  by aisllc on Thu Oct 31, 2013 Workers Comp-Calif-Petro lines maintenance service company Our insured's current WC policy is set to renew within next 30 days, they take care of the maintenance around oil pipelines in the... by optistarcorona on Thu Oct 31, 2013 Household Goods Movers in California Does anyone know who has the Household Goods Movers' program ? 7Units and 7 trailers ,current carrier is hiking up renewal premium.We... by paul lim on Wed Oct 30, 2013 Ask a Question Join the conversation, ask your question to our community of more than 15,000 property casualty professionals. Get started today!   Member Tools Know someone who might be interested in the email? Why not forward this email to a friend. Find exactly what you need. Search our database of more than 700 companies and 22,000 market listings. Login to your MyNewMarkets account. Not a member yet? Sign up now! Connect with MyNewMarkets Click here to forward this email to a friend. MyNewMarkets.com Daily newsletter combines our comprehensive market database with industry and coverage overviews to give agents a deep resource to educate and connect with opportunities. Unsubscribe anssby.insurance@blogger.com from this list. Contact Us: 3570 Camino del Rio N Ste 200 San Diego CA, 92108 (800) 897-9965 Copyright (C) 2013 Wells Media Group, Inc. All rights reserved.