Today's Headlines
National
Bipartisan Deal Reached to Delay Flood Insurance Premium Hikes: Waters
Key House and Senate members have reached a bipartisan deal to delay changes to the federal flood insurance program that are raising ...
Insurance, Tax, Climate Groups Hit Possible Delay in Flood Insurance Changes
The prospect of a delay in flood insurance reforms that are raising premiums for many homeowners is being met with pushback from business, ...
Advisen: Historians May See 2013 as 'Cyber Tipping-Point'
Historians may look at the year 2013 as a "cyber tipping-point" -- the point at which businesses and governments finally realized the ...
Why McKinsey's Prediction of Demise of Independent Agents Is 'Dead Wrong'
A recent report from McKinsey & Co. had some bad news for local property/casualty insurance agents-- many of them will be out of business ...
Marsh & McLennan Climbs to Post-Spitzer High
Marsh & McLennan Cos., the biggest insurance broker by market value, has climbed to a 9-year high, bouncing back from the plunge that ...
Toyota Settles Acceleration Case After $3 Million Verdict
Toyota Motor Corp. reached a deal on Friday to resolve a lawsuit in the United States over unintended acceleration issues, one day after a ...
Best Affirms Ratings of Hartford Steam Boiler Group's Members
A.M. Best Co. has affirmed the financial strength rating (FSR) of 'A++' (Superior) and the issuer credit ratings (ICR) of "aa+" of the ...
WKFC Launches Miscellaneous Professional Liability Program
Ryan Specialty Group's WKFC has launched a miscellaneous professional liability program with the Chubb Group of Insurance Cos. (Chubb). The ...
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...
 | Lessons from Hurricane Sandy, a Year Later: Howard Mills Looks BackThe one-year anniversary of Hurricane Sandy may mark an appropriate time to review how the insurance industry reacted to... |
East
1 Year After Sandy: A Complex Task in Tallying Storm's Death, Damage
Tracking the toll of a disaster like Superstorm Sandy is not like keeping score at a baseball game. Its damage to lives and property may ...
How a Run-of-the-Mill Hurricane Mutated Into a Superstorm Named Sandy
It was the moment a run-of-the-mill hurricane mutated into a monster named Sandy. Paradoxically, it was the same time Sandy lost much of ...
N.Y. Announces Protocol for Insurers to Follow During Future Severe Storms
New York Governor Andrew Cuomo announced today that his administration has established a new emergency disaster protocol that insurers ...
For Western Maryland, Last Year's Sandy Blizzard Was a Painful Lesson
The mountain dwellers of far western Maryland know a lot about snow, but a crippling blizzard spawned last year by Superstorm Sandy taught ...
Rising Cost of Flood Insurance Will Create Challenges for NYC: RAND
Some New York City residents may soon face sharp increases in their flood insurance premiums as a result of major changes occurring in the ...
New Jersey Gov. Christie: Congress Is to Blame for Sandy Aid Delays
New Jersey Gov. Chris Christie says he understands victims' frustrations a year after Superstorm Sandy but maintains that his ...
In Pennsylvania, New Legislation Allows Doctors to Apologize
A decade after a back-and-forth legislative battle that saw both doctors and lawyers visiting the state capitol by the hundreds - perhaps ...
Midwest
Coverys to Acquire Ohio Medical Professional Liability Insurance Firm
FinCor Holdings Inc., a member of Coverys which is based in Boston, announced an agreement to acquire OHA Holdings Inc. and its ...
Minnesota's Allina Health Notifies 3K Patients of Privacy Breach
Allina Health in Minnesota is notifying thousands of patients that a medical assistant at its Inver Grove Heights clinic viewed their ...
Illinois Workers' Compensation Medical Care Costs Declining: WCRI
The costs of medical care to treat injured workers in Illinois are declining, the result of regulatory change enacted in 2011, according to ...
Southeast
Some West Virginians Still Rebuilding from Superstorm Sandy a Year Later
D.A. Gohil's family is still rebuilding its convenience store business in Nicholas County, a year after Superstorm Sandy buried parts of ...
Alabama Couple Sues Kentucky Motel Owners for $5M Over Illness
An Alabama woman has filed suit seeking $5 million from the owners of a Kentucky motel where she says she was infected with Legionnaire's ...
Matthews Named Florida Insurance Department Interim Chief of Staff
Florida Insurance Commissioner Kevin McCarty said that Rebecca Matthews will serve as interim chief of staff of the Office of Insurance ...
South Central
Oklahoma City Firm to Receive $113M Insurance Payment from Blast
Oklahoma City-based LSB Industries Inc. will get a $113 million insurance payment after a May 2012 explosion damaged one of its chemical ...
USGS: Quakes in Central Oklahoma Here to Stay
Prague, a central Oklahoma town of 2,400, claims two things as its own: Olympian Jim Thorpe and an annual kolache festival that honors its ...
Louisiana Insurance Companies Stonewall on Enrollee Data
The three main companies offering health insurance plans to Louisiana residents on the federally run online health marketplace have refused ...
West
Family Members Sue Over Fatal California Limo Fire
Family members of the victims of a fatal Bay Area limousine fire in California have filed a wrongful death lawsuit against six different ...
Parents Awarded $3.75M In Colorado Wrongful Death Suit
An Arapahoe County jury has awarded $3.75 million in a wrongful death lawsuit filed by the parents of a 12-year-old boy who drowned in the ...
Idaho Lawsuit Is Latest Claim Against Remington
Remington Arms Co., maker of one of America's most-popular hunting rifles, is in court again, this time with an Idaho lawsuit filed by a ...
ISU Francis-Pinney Names Bone Advisor in Northern California
ISU Francis-Pinney Insurance Services Inc. named Tom Bone to the title of risk insurance advisor. Bone will continue to work with his ...
International
Aon Benfield's Impact Forecasting Models Sandy Storm Surge
Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, announced that it is "helping insurers and ...
Hyperion Group Subsidiary DUAL to Acquire PGI Commercial
The London-based Hyperion Insurance Group, an international insurance intermediary, announced its intention to "significantly expand its ...
UK's Castel Underwriting Launches New 'Club Style' MGA Formation
UK-based Castel Underwriting announced the launch of a "new club style MGA formation platform that provides experienced and entrepreneurial ...
P&I Club Steamship Mutual Plans Rate Hikes
Following a Board of Directors meeting, London-based Steamship Mutual announced that it has "reviewed the Club's open policy years, as well ...
Insurance Journal Blogs
Case Study: Campaign Consistency Contributes to Ad Recall
What do the most-remembered print ads have in common? Catchy headlines are cool, but that's not it. Flashy colors are fun, but that's not ...
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New Discussions in the Forums
Posted: Thu Oct 24 -- Is this for a personal auto policy? The only thing I've seen is a binder the dealership can purchase for the buyer. They are between 4-30... dcamp
Posted: Thu Oct 24 -- If you're still having difficulty placing this account I would contact Bliss and Glennon. They helped me place several Yacht cleaners... Shagster121261
Posted: Wed Oct 23 -- I am a little late to the conversation. Are you looking at doing health and life leads? I am starting a new agency in North Carolina and... bakulmm
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Posted: Wed Oct 23 -- Serial numbers can help because they are tracked by the police and distributed to pawn shops. Now, if they are sold on the "black market"... beyert1
Posted: Mon Oct 21 -- One of our offices is similar in size and personnel. We have one CSR who handles only PL, one CSR who handles the larger CL accounts, and... superdash8
Reader Comments
Posted: Mon Oct 21 -- Yes FFA. Had you gone on the Fox site, you would have heard it and all the BS associated with it. In fact, you can click on the link and see... Agent
Posted: Mon Oct 21 -- No what's INSANE is giving someone a gov't issued DL without proof of being here LEGALLY. InsGuy
Posted: Mon Oct 28 -- Once again the government turns away from rate sufficiency and dumps the burden of insuring/replacing flood damaged homes on the taxpayer. C Frank
Posted: Tue Oct 22 -- The Truth Hurts. Cheetoh Mulligan
Posted: Mon Oct 21 -- Yes Jack, The Global Warming people can't seem to explain that the North Pole ice pack has actually increased and also claimed the Polar... Agent
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October 21, 2013
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29 Oct, 2013
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Source: http://insurancereviewinfo.blogspot.com/2013/10/daily-headlines-monday-october-28-2013.html
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