Daily Headlines: Friday, November 16, 2012

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November 16, 2012 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National States Given Another Month to Meet Health Exchange Deadline The Obama administration on Thursday gave states an extra month to say whether they plan to operate their own health insurance exchanges, ... Extreme Weather Hits Poor, Middle Class in U.S. the Hardest U.S. droughts, floods and heat waves likely fueled by climate change in the last two years hit the people who can afford it the least - the ... Firms Report Increase in False Histories of Commercial Drivers: LexisNexis Employers tripled their employment verifications of commercial drivers during the first half of 2012, possibly indicating that companies ... More Businesses Seek Government Flood Insurance After Sandy: Marsh More businesses are expressing interest in purchasing flood insurance coverage from the National Flood Insurance Program (NFIP) in the wake ... Best Revises ICR Outlook to Negative for QBE North America Group; Affirms Ratings A.M. Best Co. has affirmed the financial strength rating (FSR) of 'A' (Excellent) and issuer credit ratings (ICR) of "a+" of the pooled and ... Ratings Recap: Standard Casualty, Principal Financial, NAICO A.M. Best Co. has affirmed the financial strength rating of 'A-' (Excellent) and issuer crediting rating "a-" of Texas-based Standard ... Vanliner Launches Program for North American Movers Association Members Vanliner Insurance Co., an insurer in the moving and storage industry, has introduced a new affinity program developed exclusively for ... Beazley to Underwrite Contingency Business in U.S. in 2013 Beazley, an insurer of event cancellation and other forms of contingency business at Lloyd's, will begin underwriting contingency business ... Insurers: Superstorm Sandy Will Affect Property Insurance Pricing Insurance rates for commercial property risks are likely to start rising again next year due to Superstorm Sandy, according to insurance... More National News East Q&A With ELANY Executive Maher on Surplus-Lines Industry's Resiliency The Excess Line Association of New York (ELANY) plays a vital role for New York's surplus-lines industry. The group, a non-profit advisory ... Conn. Gov.: State's Damage From Superstorm Sandy $360M and Climbing Connecticut Gov. Dannel P. Malloy says the cost of damage to Connecticut businesses and homes by Superstorm Sandy is more than $360 million ... N.Y. Gov. Cuomo: FEMA Program Will Cover N.Y. Home Repairs Federally-paid contractors will do basic repairs so tens of thousands of New York victims of Superstorm Sandy can stay in, or return to, ... AIR Worldwide's Field Reports From R.I., Conn., and Long Island, N.Y. This field report is the second in a series from AIR Worldwide's ongoing damage survey of areas impacted by Sandy, which made landfall on ... RMS's Sandy Insured-Loss Estimate Is $20-$25 Billion, WSJ Reports Catastrophe modeling firm Risk Management Solutions' insured loss estimate for Sandy would be in the range of $20 billion to $25 billion, ... More East News Midwest Ohio Sidewalk Driver Does 'Idiot' Sign Time An Ohio woman caught on camera driving on a sidewalk to pass a Cleveland school bus that was unloading children stood in the cold recently ... Missouri Company Cited Following Fatality at Joplin Site The U.S. Department of Labor's Occupational Safety and Health Administration has cited utility company Missouri American Water for two ... Study: Minot, North Dakota Has $1B in Unmet Flood Recovery Needs A study has concluded that Minot, N.D., has $1 billion in unmet needs as it continues to recover from historic Souris River flooding in ... Federal Food Safety Program to End in Minnesota Minnesota agriculture officials are phasing out a federally funded program that allows them to test produce for contaminants like E. coli ... More Midwest News Southeast Florida High Court Delays Ruling on Citizens' Immunity The Florida Supreme Court has put off a decision on whether Citizens Property Insurance Corp. can use its status as a state-backed entity ... Mississippi Kmart Flooding Case Set for Trial The Mississippi city of Corinth and the Kroger Co. have asked a federal judge to dismiss them as defendants in a lawsuit over 2010 flooding ... More Southeast News South Central Arkansas Town Considers Surveillance-System Ordinance It's been nearly two months since someone gunned down a convenience-store clerk during an attempted robbery, and Pine Bluff, Ark., police ... Texas Company Hit with $161K Fine for Safety Violations Williams & Davis Boilers Inc.in Hutchins, Texas, has been cited for repeat, willful and serious safety hazards violations and fined ... Texas Mutual Wraps up $150M Dividend Distribution Texas Mutual Insurance Co. t it is distributing approximately $1.8 million in workers' compensation dividends. Approximately 3,000 new ... More South Central News West Lawyer Sues Microsoft Over Surface Tablet Storage A California lawyer is suing Microsoft Corp., claiming the Surface tablet he bought doesn't have all the storage space the company ... California Health Board Oks Plan For Insurance Exchange The board overseeing California's efforts to establish an insurance marketplace for providing affordable health care approved its ... Idaho Cities Pay Extra Into Pool Insurance Program Nearly 40 Idaho cities are facing double-digit increases in health insurance premiums because a pool insurance program they joined earlier ... Q&A: Surplus Lines Association of California Director McKay Andrew G. Simpson, vice president of content for Wells Media Group Inc., recently grilled Surplus Lines Association of California Executive ... More West News International UPDATE: China's PICC in Talks with AIG as Buyer for $4 Billion HK IPO China's PICC Group is in talks with American International Group and others to become cornerstone investors for its planned listing worth ... Best Revises ICR Outlook to Negative for QBE Group and Subs; Affirms Ratings A.M. Best Europe - Rating Services Limited has affirmed the financial strength rating (FSR) of 'A' (Excellent) and the issuer credit ... Best Affirms Allied World and Subs Ratings; FSR Outlook Stable; ICR Positive A.M. Best Co. has affirmed the financial strength rating (FSR) of 'A' (Excellent and the issuer credit ratings (ICR) of "a" of Allied World ... Best Affirms Aspen UK, Bermuda and Subs Ratings; Outlook Stable A.M. Best Europe - Ratings Services Limited has affirmed the financial strength rating of 'A' (Excellent) and the issuer credit rating ... Ratings Recap: Talanx Re, Nissan Global, Harmony, JEVCO A.M. Best Europe - Rating Services Limited has assigned a financial strength rating of 'A' (Excellent) and an issuer credit rating of "a" ... More International News Join the Insurance Journal Network Insurance Journal TV Big I's Bob Rusbuldt: Agents, the 2012 Election and the Fiscal Cliff Bob Rusbuldt, president and CEO of the Independent Insurance Agents and Brokers of America,... Watch Now Market Outlook: Stable But Not Robust Calling today's market a "hard market" would be going too far, says Michael Miller, president... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Getting Appointed Posted: Fri Nov 16 -- What is the process for getting appointed with a company...specifically Guardian?? Thanks chlyh2o Splitting Commissions Posted: Thu Nov 15 -- I am a licensed agent in Minnesota....Life, Health, Property & Casualty, but am not currently appointed with any company. Is their a way for... chlyh2o Newly Independent Agent - Best Carrier Access Platform Posted: Thu Nov 15 -- You should contact Consolidated Agency Partners (CAP); being a one-man shop and relatively new to the independent space makes you a perfect... CRB Long Haul Trucking BA Liability - NC Posted: Wed Nov 14 -- I am looking for some brokers to get appointed with that have companies that will write Long Haul Trucking BA Liability Risk in NC. lawverj how to switch from agency side to corporate underwriting? Posted: Wed Nov 14 -- An underwriting assistant position is not a bad idea, but the pay is a lot lower. With some companies they rarely move assistants/techs to... kevinraz Workers Comp for Importers - CA Posted: Tue Nov 13 -- Are you an importer only or an importer/exporter? Is this Art Vandalay? yoyowordup Creating a business plan Posted: Mon Nov 12 -- The Small Business Administration has a great database of business advice to browse through. They also have pages on helping create a... kl.skinner Premium Financing for life and D.I. Posted: Mon Nov 12 -- I'm getting some looks, but no nibbles! I market in the Northwest.. CA, OR, WA, ID, MT & have some clients in AK that must come to me.... Swymmer Go to Forums Reader Comments President Obama Vows to Address Climate Change Posted: Thu Nov 15 -- A little less hot air could help! Milner Man Dies After Being Tossed From Colorado Bar Posted: Tue Nov 13 -- any idea why this is newsworthy? It is bad enough that a bar-owner can be responsible for a patron's activity hours after they leave the... insurance mom Los Angeles County Settles Bus Accident Suit For $3.5M Posted: Wed Nov 14 -- The award seems high. While there are no details on medical cost, inability to work, etc, $3.5 Mil for damage to one's foot seems excessive. Ruminator Senate Banking Committee Post Possible for Wall Street Critic Warren Posted: Mon Nov 12 -- Clean up Wall Street, Elizabeth! I'm all for it. Libby Obama Administration Gives States Extra Time on Health Exchanges Posted: Wed Nov 14 -- 15 employees? You'd better hope they are all young and healthy. That seems like an awful low number to be self-funded. 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