Thursday, August 29, 2013

New Markets Daily: Thursday, August 29, 2013

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August 29, 2013

Market Announcements

Workers' Compensation

Small to mid-sized business in eligible class codes. Open to all appointed Partner Brokers in California and the Western States.
States: AZ, CA, CO, ID, NM, NV, OR, UT

Cyber Risk

We have a unique approach for providing comprehensive and competitive Cyber Risk Insurance to you for your clients. To find out how,...
States: All states

E&S, Surplus Lines, Hard-to-Place

We write all lines Excess and Surplus in 16 states and growing. If you have a hard to place account, send us your application. Chances...
States: AZ, CA, CO, IA, ID, IL, IN, MO, NE, NM, NV, OK, OR, TX, UT, WA

Healthcare Facilities

NSU Healthcare specializes in the Medical Professional Liability, General Liability, and Umbrella/Excess insurance needs of the...
States: All states

Special Events

NeitClem will cover any event imaginable including but not limited to: • Wedding Receptions • Toys for Tots • Social or...
States: AZ, CA, NV

Feature Articles

How Agents, Brokers Can Help Themselves, Clients with Healthcare Reform

The Affordable Care Act (ACA) has accelerated change and confusion in the health insurance marketplace and businesses and individuals are... Read more

Want to Make More Money in the Insurance Business? Specialize.

Insurance producers who specialize in an industry or insurance product line make more money than those who don't. Likewise, agencies that... Read more

Tight Public Entity Budgets Face Rising Rates, Data Security Costs

Public entities nationwide are seeing a slight improvement in their budgets as the housing market and economy start to pick up, but rising... Read more

Latest Forums

Workers Comp-CA

Need class code 8060 in CA, client has gap in coverage, currently no WC, let me know if you can write this.  No PEO.
by gursikh on Wed Aug 28, 2013

I need temporary work comp for drywall contractor in CA

I have a contractor based out of Utah that has a project coming up in California that will be a few months long so he needs work comp....
by lfuentes on Wed Aug 28, 2013

Boiler & Machinery/EBC - Scrapyard

$16,500,000 Scheduled Equipment for a Scrap Yard/Recycler with a closed claim in 2011 $441k.Any market advice? Thanks in...
by cwwitten on Wed Aug 28, 2013

Bicycle rental, mobile from a lot

Bike rental using a trailer on a lot. One Speed bikes. California
by benkins on Mon Aug 26, 2013

Auto detailer that rents car as well california

I am in need of a dealers open lot policy that allows for vehicle rental as well. The owner plans to have 2 specific cars for rental...
by lfuentes on Mon Aug 26, 2013

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Daily Headlines: Thursday, August 29, 2013

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Insurance Journal Daily Headlines
August 29, 2013
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Lloyd's Internal Probe Said to Be Focus of New York's Iran Sanctions Inquiry

A New York regulatory investigation of Lloyd's of London for possible violations of Iran sanctions law has led to a government request for ...

Blackstone Settles IPO Disclosure Lawsuit for $85 Million

Blackstone Group LP reached an $85 million settlement with investors over claims it made misrepresentations about its initial public ...

Cochrane & Company Combines Property, GL Coverage for Shooting Sports Program

Cochrane & Company has combined general liability and property insurance for its ARMS program for the shooting sports industry, which ...

Ironshore Specialty Launches Simplified Excess Liability Policy Form

Ironshore Inc.'s Specialty Casualty unit has introduced a new policy form for excess liability risks to provide a more concise coverage ...

Cyber Alert: Syria, Aided by Iran, Could Retaliate Against More U.S. Companies

If the United States attacks Syria, it will be the first time it strikes a country that is capable of waging retaliatory cyberspace attacks ...

From MyNewMarkets.com How Agents, Brokers Can Help Themselves, Clients with Healthcare Reform

The Affordable Care Act (ACA) has accelerated change and confusion in the health insurance marketplace and businesses and individuals are...
Carrier Management

Future Profit Projections: Moody's Analysis of Commercial Combined Ratios

Given the current level of commercial insurance price increases, which are outpacing loss ratio trends, analysts at...
Academy of Insurance 29 courses for $29 each
East

Vermont Gov. Shumlin Issues Final Tropical Storm Irene Report

Vermont Gov. Peter Shumlin released the state's Tropical Storm Irene recovery status report during a press conference on Wednesday marking ...

New York's Highest Court to Hear Appeals in Fracking Cases

New York's highest court will hear appeals in cases related to anti-fracking laws passed in two towns that were upheld by lower courts. The ...

William Gallagher Associates Appoints VP of Human Resources in Boston

William Gallagher Associates, a Boston-based brokerage and risk management services provider, appointed Kim Brennan as vice president of ...

Insurance Society of Philadelphia Names New President

The Insurance Society of Philadelphia recently announced the appointment of Russell Shaner as its new president.With 35 years of experience ...

Gov. Christie Defends N.J. Tourism Advertisements

New Jersey Gov. Chris Christie is defending tourism ads the state is running in the aftermath of Superstorm Sandy. During a Tuesday morning ...
Midwest

Kansas AG's Office Says New Roofer Law Requires Outreach

The state attorney general's office plans to do more outreach before pursuing fines under a new Kansas law aimed at cutting down on roofing ...

Confusing Crop Insurance Rule Clarified for Midwest States

Farmers say they're pleased with efforts by the federal Risk Management Agency to clarify rules for prevented planting insurance in five ...

Wisconsin Law Lets Motorcyclists Ignore Some Red Lights

When John Glass of West Allis, Wis., rides his motorcycle, he carries a copy of the state statute that allows motorcyclists to drive ...
Southeast

7 Charged With Filing False Gulf Oil Spill Claims

Federal prosecutors are charging seven people with mail fraud and false claims related to the BP oil spill. U.S. Attorney Pamela Marsh said ...

West Virginia Says Resort Owner's Illegal Dam Is Flood Hazard

Billionaire coal company and resort owner Jim Justice is in a war of words with the West Virginia Department of Environmental Protection ...

Tennessee's Jamieson & Fisher Joins Keystone Insurers Group

Keystone Insurers Group said Covington, Tenn.-based agency Jamieson & Fisher Inc. has become its 21st franchise partner in the state. The ...

Lockton Adds 5 Associates in Charlotte Office

Insurance broker Lockton's Charlotte, N.C.  office has hired five new associates with property/casualty insurance experience and employee ...
South Central

Arkansas Researchers: Hill Climbing Tornadoes More Dangerous

New research from the University of Arkansas finds that tornadoes cause greater damage when traveling uphill - and that the twisters tend ...

INSURICA Announces Flurry of Acquisition Activity

Oklahoma City-based INSURICA Insurance Management Network announced the acquisition of five insurance agencies since December 2012. The ...

Arkansas Homeowners Settle Suit Charging Fracking Wastewater Caused Quakes

Five Arkansas residents who sued two oil companies claiming wastewater disposal wells from fracking caused earthquakes that damaged their ...
West

California Fire Prompts Unhealthy Air Warnings in Nevada

The giant wildfire burning at the edge of Yosemite National Park has not only destroyed buildings and threatened water supplies, ...

Farmers Names Weinstein General Counsel in California

Los Angeles, Calif.-based Farmers Insurance named Steven Weinstein general counsel. Weinstein is the former chairman of the Barger & ...
International

Zurich Group Chairman Resigns After CFO's Suicide

Zurich Insurance Group AG Chairman Josef Ackermann resigned after the company's finance chief died in a suspected suicide. "The unexpected ...

Ping An Insurance Profit Rises on Investments, Banking Income

Ping An Insurance (Group) Co., China's second-largest insurer, said first-half profit rose 28.3 percent as investment income expanded and ...

TD Bank Profit Falls 10% on Weather Insurance Costs

Toronto-Dominion Bank's quarterly profit fell 10 percent as Canada's No. 2 lender took C$418 million in insurance-related charges, but the ...
Academy of Insurance 29 courses for $29 each

Insurance Journal Blogs

Burand's Agency E&O Blog: Tip #42

Policies Subject to Audit. Audits are one of the few E&O exposures agencies have that do not involve a claim. A good method for protecting ...

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Insurance Journal TV

Video thumbnail

Opportunity in ACA Reprieve

Shawn P. Pynes, a principal with Barney & Barney LLC in San Diego, sees the temporary reprieve...
Video thumbnail

From 3D Printing to Driverless Cars: Emerging Risks on the Horizon

New technology is happening all the time, and with that comes new risks, says Graeme Newman,...

TV icon Watch more videos at InsuranceJournal.tv

New Discussions in the Forums

Med Pay on a Horse Trailer?
Posted: Thu Aug 29 -- Quoting an account that has commercial auto. They are not a horse risk, but they have a horse trailer on the policy. The client questioned... ishootfriendlies
1st Year as a Producer Stories
Posted: Thu Aug 29 -- Haha love the experience. It amazes me what some insurance agents go through... ABMCalifornia
Parachute Rigger Insurance
Posted: Wed Aug 28 -- Can anyone do a GL with 1MM/2MM/2MM? Revenue is 50K. Sarkis Kaladzhyan 818-906-7900 InsureTime
SEO and buying back links
Posted: Tue Aug 27 -- I wouldn't recommend for anyone to buy links. The best way to optimize is naturally. What would the normal website... ABMCalifornia
Need assistance for job advice please
Posted: Thu Aug 22 -- Hello everyone. I'll be brief and to the point. I have been trying to obtain employment as a claims adjuster after... ABMCalifornia
Insurance agencies for sale ?
Posted: Wed Aug 21 -- I'm currently looking to buy an insurance agency, I don't mind dealing with sales... CoJones
Feedback - Good, Bad, Ugly on the following Aggregators/GAs
Posted: Tue Aug 20 -- I looked extensively into many of these a few years ago. They all have their place and are right for the right agent. My advice is to look... ILguyonown
What is your biggest pain as an agent?
Posted: Mon Aug 19 -- Think about getting a stand up desk. Just google "stand up desk". There are many options. jtownagent
CPCU - Advice
Posted: Tue Aug 13 -- Those programs to complete both your CPCU and a bachelor's are exactly what a lot of us in this field need. To this point: Joel, your story... BWilliams2

Reader Comments

Will Young Adults Sign Onto Obamacare?
Posted: Fri Aug 23 -- I'm curious to know what healthcare insurance "cost estimates" were used in this study...? In other words, exactly how much constituted "too... David Orban
Jury Finds GEICO Must Cover Driver in Fatal Vermont Crash
Posted: Fri Aug 23 -- Got 15 minutues? Must have saved 15%. BIG D
Drivers Over Age 55 Far More Likely to Die in Job Accidents Than Younger
Posted: Thu Aug 22 -- Dave, I don't quite believe this story completely. As a veteran P&C agent who has insured businesses for many years, we have seen far more... Agent
Cities, States with Best Drivers: Allstate
Posted: Tue Aug 27 -- Perhaps the great drivers of Washington DC are spending too much time texting on their free Obama phones to pay attention to driving. Agent
People Just Aren't Afraid of Climate Change Yet: Sunstein
Posted: Wed Aug 28 -- Why is this crap being peddled here? I moved to Insurance Journal to get away from the editor at National Underwriter. He also peddled... jared

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August 19, 2013
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