Friday, June 29, 2012

Breaking News: Congress Agrees on Multi-Year Flood Insurance Extension

Insurance Journal Breaking News
June 29, 2012

Breaking News Alert

Congress Agrees on Multi-Year Flood Insurance Extension

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The U.S. House of Representatives passed a massive bill on Friday combining funding for transportation programs, low-interest student loans, and the National Flood Insurance Program. On a 373-52 vote, the House sent the measure to the Senate for anticipated concurrence later in the day. President Barack Obama is expected to quickly sign it into law.

The bill came together this week, as lawmakers calculated the election-year impact of continued gridlock on measures affecting jobs, soaring consumer debt, and help for people who need government underwriting for flood risk to buy a home.

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Copyright © 2012 by Wells Media Group, Inc.

Thursday, June 28, 2012

Breaking News: Supreme Court Upholds Healthcare Law; Read Copy of Opinion

Insurance Journal Breaking News
June 28, 2012

Breaking News Alert

Supreme Court Upholds Healthcare Law; Read Copy of Opinion

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The U.S Supreme Court today has upheld the individual mandate that is the centerpiece of President Obama's healthcare reform law.

The court has upheld the entire Patient Protection and Affordable Care Act although it found some fault with the Medicaid expansion provision opposed by a number of states.

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Insurance Journal
3570 Camino del Rio North, Suite 200
San Diego, CA 92108
(800) 897-9965
Copyright © 2012 by Wells Media Group, Inc.

Tuesday, June 26, 2012

We've had 20 Years to Learn Mod Calculation - Now it's Changing

New training from Insurance Journal's Academy of Insurance. Register today!
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The Future of the Work Comp Mod
New Training from Academy of Insurance

How You Can Capitalize on the Experience Mod Change to Bring Clarity to Your Prospects and Score the Business

The National Council on Compensation Insurance (NCCI) is making a major change to the experience mod calculation for the first time in 20 years. The split point between primary and excess losses changes in 2013 and is scheduled to change every year going forward.

This class is for any agent who works with risks that are experience rated by NCCI or independent bureaus that rely on NCCI for rate making. During this class, Kevin Ring, Lead Workers' Compensation Analyst for the Institute of WorkComp Professionals, discusses many important pieces at play in this change to the Work Comp Experience Mod.

Click Here to Register

Participants will learn:

  • Why the split point is changing
  • What this change means to your clients
  • How you can capitalize on this event to bring clarity to your prospects and score the business.
  • What might lie ahead for the model

When you register, you get:

  • Access to the live webinar
  • Video and audio recordings, so you can watch or listen again
  • Question & Answer session with the instructor
  • Audio download of the webcast
  • Presentation slides download

Join us this Thursday, June 28th for this one-hour training webinar. (PLUS, all registrants will receive video and audio recordings of the webinar, so you can listen/watch again at your convenience.)

Space is limited!

Click Here to Reserve Your Spot!

Regularly priced at $129.00, just $89 when you
register today!
(special pricing expires June 27th)

Register Now

Have questions or need help?
Send an email to webcasts@insurancejournal.com
or call Barbara at 800-897-9965 x166.

Date: Thursday, June 28th
Time: 1:30pm ET / 10:30am PT
Duration: 1 Hour
Price: Save $40 until June 27th! Register today for just $89!
Click Here to Register

Instructor: Kevin Ring
Kevin Ring Lead Workers' Comp Analyst for the Institute of WorkComp Professionals


More Great Training:

JUNE 27: Green Risk- Challenges and Opportunities Facing Insurers - What are the coverage implications facing insurers as a result of green buildings? What are some of the underwriting issues involved on green buildings?

JULY 11: Work Comp Retrospective Plans - Workers' Compensation Retrospective Rating Plans can be an effective method for employers to finance and reduce their injury costs.

JULY 12: Property Valuation - This session will discuss the problems, pitfalls and potential solutions to a massive yet largely overlooked insurance industry issue.

JULY 18: Managing Workers' Compensation Injuries - When an injury occurs at work, the actions taken by management or co-workers can have a significant impact on the outcome of the claim. Join us as Stacey talks about ways to ensure a smooth claims process.

JULY 19: Insurance Industry M&A Activity - There are a number of trends forming in the insurance industry- do you know what they are?

JULY 25: Building Strength within Your Agency - If you're going to take a hard look at improving your agency's employee morale or maintaining an already positive work environment, then you should do so through the lens of specific, insurance related topics.


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Insurance Journal
3570 Camino del Rio North, Suite 200
San Diego, CA 92108
(800) 897-9965
Copyright © 2012 by Wells Media Group, Inc.

Monday, June 25, 2012

Weekly Reader Picks: Monday, June 25, 2012

Looking for Workers' Comp Markets? Click here for more information.
Insurance Journal Weekly Reader Picks
June 25, 2012

Top 10 for the Past Week

1.How Predictive Modeling Has Revolutionized Insurance
Jun 18, 2012 -- The use of predictive modeling has forever changed the way insurance policies are priced. The revolutionary tool allows insurers to design ever-more-sophisticated models that tap ever-more-detailed data sets to refine ...
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2.Looming Agent Retirements: Carriers Face Major Turnover
Jun 21, 2012 -- More than 25 percent of independent agency owners and principals are planning to retire or change careers and sell their firms sometime in the next five years, according to a new survey that explores agent attitudes ...
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3.Dallas Hailstorm Insured Losses Could Reach $2 Billion
Jun 18, 2012 -- Insured losses from the massive hailstorm that struck the Dallas area on Wednesday could reach as much as $2 billion, making it one of the most costly storms of its type in U.S. history, an insurance organization said ...
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4.Travelers to Pay $10.5M in Premium Refunds And Fines
Jun 19, 2012 -- A settlement agreement has been reached in an enforcement action against Travelers Cos., with the company agreeing to pay $9 million in refunds to policyholders who were overcharged on their premiums, as well as a $1.5 ...
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5.Wife of Slain Missouri Insurance Agent Gets 8 Years in Spouse's Death
Jun 19, 2012 -- A Missouri woman has been sentenced to eight years in prison for helping plan her husband's murder with the church pastor who was her lover. Her husband, David Stone, was an insurance agent. Forty-year-old Teresa Stone, ...
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6.London Stung by U.S. Attack on Bank Regulation Record
Jun 21, 2012 -- Calling London a haven of regulatory loopholes that spawns financial trading disasters could make it harder to align new transatlantic rules, figures in London's financial and legal circles said on Wednesday. Responding ...
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7.Study Finds Little Earthquake Risk from Fracking
Jun 18, 2012 -- The fracking drilling technique used to tap shale oil and gas is unlikely to trigger earthquakes, but underground injection of waste water from drilling offers more risks for seismic activity, a new U.S. study said on ...
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8.Maryland Man Whose Companion Disappeared in Aruba Sues Over Insurance
Jun 20, 2012 -- A Maryland man who was suspected in the presumed death of his traveling companion in Aruba is suing to collect on a travel insurance policy issued in the woman's name. Gary Giordano says in a lawsuit that AMEX Assurance ...
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9.Goldman Sachs Looking to Sell Off USI Holdings: Report
Jun 14, 2012 -- Goldman Sachs Capital Partners, a private equity affiliate of Goldman, Sachs & Co, may be looking to sell off USI Holdings, according to a media report. The Deal Pipeline, a mergers-and-acquisitions publication, ...
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10.Rates for Good Drivers in Cities Too High, Too Variable, Says Consumer Group
Jun 19, 2012 -- The Consumer Federation of America (CFA) says that most good drivers -- those with no accidents or moving violations -- who live in moderate-income areas in 15 cities are being quoted what the group maintains are high ...
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Insurance Journal
3570 Camino del Rio North, Suite 200
San Diego, CA 92108
(800) 897-9965
Copyright © 2012 by Wells Media Group, Inc.

Ignorance About Green Risk is Costly

New training from Insurance Journal's Academy of Insurance. Register today!
Having trouble reading this email? View it as a webpage. Not interested anymore? Unsubscribe instantly.
Green Risk- Challenges and Opportunities Facing Insurers
New Training from Academy of Insurance

Better Your Knowledge Surrounding "Insuring Green"

What are the coverage implications facing insurers as a result of green buildings? What are some of the underwriting issues involved on green buildings? What customer service mistakes wait for agents and adjusters who are not in tune with their green consumers? Does a future errors and omissions claim lay in waiting for the 'green ignorant' insurer? Will a current client become a former one following unreasonable delays or inadequate coverage caused by lack of training?

This course provides specific examples of the challenges facing insurers such as underinsurance and like kind & quality construction (LKQ) issues. An education gap is anticipated for those insuring green buildings and this course will highlight some examples.


Click Here to Register

Participants of this webinar will:

  • Be familiar with challenges of underinsurance, LKC, and education.
  • Review the opportunities of green buildings including underwriting green buildings and cross-selling.
  • See how positioning for the future is critical for an insurers growth, profit, and retention.
  • Be asked to consider if they are ready for the potential challenges and opportunities from green risks.

When you register, you get:

  • Access to the live webinar
  • Video and audio recordings, so you can watch or listen again
  • Question & Answer session with the instructor
  • Audio download of the webcast
  • Presentation slides download

Join us this Wednesday, June 27th for this one-hour training webinar. (PLUS, all registrants will receive video and audio recordings of the webinar, so you can listen/watch again at your convenience.)

Space is limited!

Click Here to Reserve Your Spot!

Regularly priced at $129.00, just $89 when you
register today!
(special pricing expires June 26th)

Register Now

Have questions or need help?
Send an email to webcasts@insurancejournal.com
or call Barbara at 800-897-9965 x166.

Date: Wednesday, June 27th
Time: 1:30pm ET / 10:30am PT
Duration: 1 Hour
Price: Save $40 until June 26th! Register today for just $89!
Click Here to Register

Instructor: Trent Massey
Trent Massey Green Risks Specialist and Instructor for Vale Training Solutions


More Great Training:

future of work comp mod

JUNE 28: The Future of the Work Comp Mod - Are you ready for the change the National Council on Compensation Insurance (NCCI) is making to the calculation of the experience model? This is the first change in more than 20 years.

JULY 11: Work Comp Retrospective Plans - Workers' Compensation Retrospective Rating Plans can be an effective method for employers to finance and reduce their injury costs.

JULY 12: Property Valuation - This session will discuss the problems, pitfalls and potential solutions to a massive yet largely overlooked insurance industry issue.

JULY 18: Managing Workers' Compensation Injuries - When an injury occurs at work, the actions taken by management or co-workers can have a significant impact on the outcome of the claim. Join us as Stacey talks about ways to ensure a smooth claims process.

JULY 19: Insurance Industry M&A Activity - There are a number of trends forming in the insurance industry- do you know what they are?


Send to a Friend | Contact Us | Subscribe | Unsubscribe | Privacy Policy

Insurance Journal
3570 Camino del Rio North, Suite 200
San Diego, CA 92108
(800) 897-9965
Copyright © 2012 by Wells Media Group, Inc.

Tuesday, June 19, 2012

Confused by Cyber Coverage Vocabulary?

New training from Insurance Journal's Academy of Insurance. Register today!
Having trouble reading this email? View it as a webpage. Not interested anymore? Unsubscribe instantly.
Computer Property Coverages
New Training from Academy of Insurance

Upgrade Your Understanding of Cyber Coverage and Boost Your Book of Business with this Often Overlooked and Misunderstood Coverage

Many insurance agents are struggling with understanding the new cyber vocabulary and trying to separate out the different exposures. This course discusses some of the emerging cyber exposures that businesses are facing today as well as reviewing why traditional property and liability contracts do not adequately address cyber exposures.

During this Cyber Issues 101 course, Stuart Powell reviews an ISO E-Commerce form as a baseline coverage that identifies many of the first and third party coverages that are available in various cyber insurance forms in the market place today.


Click Here to Register

Participants of this webinar will:

  • Definitions of the new cyber vocabulary
  • What different cyber exposures businesses are facing today
  • Why traditional property and liability coverage contracts do not adequately address cyber exposures

When you register, you get:

  • Access to the live webinar
  • Video and audio recordings, so you can watch or listen again
  • Question & Answer session with the instructor
  • Audio download of the webcast
  • Presentation slides download

Join us this Thursday, June 21st for this one-hour training webinar. (PLUS, all registrants will receive video and audio recordings of the webinar, so you can listen/watch again at your convenience.)

Space is limited!

Click Here to Reserve Your Spot!

Regularly priced at $129.00, just $89 when you
register today!
(special pricing expires June 20th)

Register Now

Have questions or need help?
Send an email to webcasts@insurancejournal.com
or call Barbara at 800-897-9965 x166.

Date: Thursday, June 21st
Time: 1:30pm ET / 10:30am PT
Duration: 1 Hour
Price: Save $40 until June 20th! Register today for just $89!
Click Here to Register

Instructor: Stuart Powell, MA, CPCU, CIC, CLU, ChFC, ARM, AMIM, AAI, ARe, CRIS
Stuart Powell VP of Insurance Operations & Technical Affairs at Independent Insurance Agents of North Carolina, Inc.


More Great Training:

JUNE 27: Green Risk- Challenges and Opportunities Facing Insurers - What are the coverage implications facing insurers as a result of green buildings? What are some of the underwriting issues involved on green buildings?

JUNE 28: The Future of the Work Comp Mod - Are you ready for the change the National Council on Compensation Insurance (NCCI) is making to the calculation of the experience model? This is the first change in more than 20 years.

JULY 11: Work Comp Retrospective Plans - Workers' Compensation Retrospective Rating Plans can be an effective method for employers to finance and reduce their injury costs.

JULY 12: Property Valuation - This session will discuss the problems, pitfalls and potential solutions to a massive yet largely overlooked insurance industry issue.

JULY 18: Managing Workers' Compensation Injuries - When an injury occurs at work, the actions taken by management or co-workers can have a significant impact on the outcome of the claim. Join us as Stacey talks about ways to ensure a smooth claims process.


Send to a Friend | Contact Us | Subscribe | Unsubscribe | Privacy Policy

Insurance Journal
3570 Camino del Rio North, Suite 200
San Diego, CA 92108
(800) 897-9965
Copyright © 2012 by Wells Publishing, Inc.