Apr 6, 2012

Daily Headlines: Friday, April 6, 2012

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Insurance Journal Daily Headlines
April 6, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

New Federal Safety Rules for Mines Finalized

Federal regulators are issuing a final set of rules for underground coal mine examinations that aim to hold operators more accountable for ...

U.S., Europe Urged to Offer Product Safety Training to Importers

Food and drug regulators in the U.S., Europe and other developed countries should offer training, technology and expertise to developing ...

March’s Severe Weather Proved Deadly, Costly in U.S., Globally

March was a deadly and costly month in parts of the United States. A significant severe weather outbreak affected parts of the U.S. ...

Viacom Wins Reversal in Landmark Copyright Case vs. Google’s YouTube

A U.S. appeals court has revived lawsuits by Viacom Inc., the English Premier League, and various film studios and television networks ...

U.S. Summer Forecast: El Nino Adverse Weather May Return

The U.S. Climate Prediction Center raised the prospect that El Nino conditions could return after the Northern Hemisphere summer, causing ...

From MyNewMarkets.com One Way or Another, Healthcare Reform Will Challenge Medical Malpractice Market

The Supreme Court justices hold the fate of the Patient Protection and Affordable Care Act of 2010 in their hands, but that hasn't stopped...
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East

Force-Placed Insurers on Hot Seat as N.Y. Regulators Expand Probe

New York regulators are expanding their investigation into the so-called force-placed insurance that target homeowners in financial ...

Vermont’s Banking, Insurance Department Adopts a New Name

Vermont's regulatory agency that oversees the state's banking, insurance and securities sectors has adopted a new name this week. The ...

Former N.J. School Superintendent Pleads Guilty to Public Corruption

Former Toms River Regional Schools superintendent Michael Ritacco pleaded guilty to public corruption and tax evasion charges Thursday. ...

CNA Appoints Vice President for Hartford, Conn., Branch

Chicago-headquartered CNA Financial Corporation appointed Bill Donovan as vice president of its Hartford, Conn., branch. In this role, ...

A Chartis Underwriter Joins Great American Insurance’s N.Y. Office

Cincinnati, Ohio-headquartered Great American Insurance Group said its environmental division appointed Eric McCabe as divisional assistant ...
Insurance Journal Magazine: 50 Awesome Social Media Ideas for Agencies
Midwest

Minnesota Legislature Taps Insurance Agent for University Board

The Minnesota Legislature has selected an insurance agency owner to serve on the University of Minnesota's Board of Regents. Thomas ...

Minnesota Court: Insurer Must Provide Benefits After Gender Change

A federal judge in Minneapolis, Minn., has ruled a health insurer improperly denied benefits to a spouse who had undergone a sex change ...

Missouri Senate Backs Study of State-Created Workers' Compensation Insurer

The Missouri Senate has endorsed the establishment of a special committee to study whether to change a state-created workers' compensation ...

Blue Cross Sues Over Running Nebraska Health Plan

Blue Cross and Blue Shield of Nebraska has filed a lawsuit to block the state's planned switch to a new health insurance company, alleging ...

A.M. Best Upgrades Issuer Credit Rating of Ohio's Club Insurance

A.M. Best Co. has upgraded the issuer credit rating (ICR) to "bbb+" from "bbb" and affirmed the financial strength rating of B++ ...
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Southeast

Tampa Medical Firm Accused of End Run Around Florida’s New PIP Law

A Tampa company has sent fliers to chiropractors suggesting ways to capitalize on potential loopholes in new legislation aimed at denting ...

Kentucky Amish Buggy Safety Bill Not Yet Law

Legislation that would give the Amish an immediate exemption from having to attach brightly colored slow-moving-vehicle triangles to their ...

Kish Joins Florida’s AssuredPartners

Florida-based insurance brokerage network AssuredPartners Inc. has added Mike Kish as director of mergers and acquisitions. Kish will ...
South Central

Survey: Oklahoma Businesses Confident About Future

Most Oklahoma business executives are confident their businesses will grow and about a third plan to hire workers this year, according to ...

Louisiana Town May Pay Damage Claims from Sewage-Caused Flooding

The Sorrento Town Council in Louisiana has voted 3-0 to pay claims by residents whose homes were flooded and soiled by backups from the ...

Dallas County Declares Local Disaster from Storms

Dallas County, Texas, officials have declared a local disaster following a tornado that damaged or destroyed about 300 homes and ...

Arkansas AG Certifies Ethics Measure’s Lobbyist Language

Supporters of a measure that would ban corporate contributions to political candidates in Arkansas and ban any lobbyist gifts to ...
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West

California Workers’ Compensation Bureau to Make Midyear Filing

California workers' compensation insurers will be seeking a midyear correction — a 7.7 percent increase — in pure premium rates. The ...

NRC Chair To Visit Troubled California Nuke Plant

The Nuclear Regulatory Commission announced Wednesday that its chairman will visit the ailing San Onofre nuclear power plant on the ...

No Forecast Requests in 3 Days Before Colorado Wildfire

Colorado officials monitoring a prescribed burn apparently didn't request updated weather forecasts for the area for three days before it ...

$13.6M Settlement OK’d With Nevada Freeway Contractor

The Nevada Board of Examiners approved a $13.6 million settlement with the contractor of the first phase of the Carson City bypass, ending ...

Xcel Blames Road Chemicals For Power Colorado Outages

Xcel Energy is blaming chemicals used to keep roads clear of snow for outages that left up to 23,000 people in Colorado without power and ...
International

Total to Proceed with Work to Cap Leaking Gas Well

French oil producer Total said it would pump mud into a well to stop a gas leak at its Elgin platform in the North Sea, after a ...

Aon Benfield March Cat Recap: Severe U.S. Weather, Quakes & Floods

Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp, has released the latest edition of its Global ...

Pilot Forced to Land after Snake Pops out of Dashboard

An Australian pilot said he was forced to make a harrowing landing reminiscent of a Hollywood thriller after a snake popped out from behind ...

Swiss Re Structures $240 million Insurance-linked Securities for Allianz

Swiss Re Capital Markets announced that it has "structured and successfully placed $240 million of insurance-linked securities [cat ...

IAG Malaysia Partner Gets Regulatory Approval for Kurnia Insurans Deal

The Insurance Australia Group Limited (IAG) announced that its 49 percent-owned Malaysian associate, AmG Insurance Berhad, has received ...

Ratings: United Overseas, Aspen (Pref. Shares), BF&M, Island Heritage

A.M. Best Co. has assigned a financial strength rating of 'A' (Excellent) and an issuer credit rating of "a+" to Singapore-based United ...

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New Discussions in the Forums

Why I believe in insurance agents
Posted: Fri Apr 6 -- Is a cartoon gecko or a comedian in a white dress and bright red lipstick really the best our industry can do for spokespeople? Does it... Michael Jans
looking for feedback/advice please....
Posted: Fri Apr 6 -- The thing you need to understand is that your insurance knowledge is not the main thing an agency would be seeking. They are looking for... tcs@ajg
One stop shop MGA
Posted: Fri Apr 6 -- i'm on the other side of the universe in alabama. thanks mattnewtonberger
Pennsylvania Manufactures Association-PMA, WC
Posted: Thu Apr 5 -- Long time reader,first time poster- I was unable to compete with PMA's WC in CA for a concrete contractor not that large around 25-30k of... SkiingBroker
New Venture - Non-Emergency transporation
Posted: Thu Apr 5 -- Suggestions on markets for non-emergency transportation.. for mentally disabled persons.. it is a new venture.. so no loss runs available... meytai
workcomp ca metal mfg 3066 code
Posted: Thu Apr 5 -- I have a few PEO markets that will take a look at this account. Please let me know if I can help. Thanks for your time and consideration. Chad Filley
Lab techs in Ca for Comp
Posted: Thu Apr 5 -- I have a couple PEO markets that will take a look at this risk even with the loss ratio. Please let me know if I can help. Thanks for your... Chad Filley
Acord forms mapping to Acord Certificates
Posted: Thu Apr 5 -- I need the information which Acord Forms can be mapped to Acord 22 and Acord 23 Certificates E.g. I know couple of sections on Acord 125 can... akash1233
ADA Violations
Posted: Wed Apr 4 -- This could be a problem if on the application for the EPLI 3rd party insurance there is a question "Is your facility designed to be ADA... Rock54

Reader Comments

Santa Fe Sues Aeropostale For Not Paying Living Wage
Posted: Tue Apr 3 -- Aeropostale should close the store and then no one will be forced to work there any longer. Darren
Federal Healthcare Law to Aid Black Lung Victims
Posted: Thu Apr 5 -- Sarah, If Obama gets his way, the coal plants will be shut down and the mines will close so the miners won't have to worry about getting... Agent
FDA Denies Ban on Chemical BPA Used in Baby Bottles, Food Packaging
Posted: Mon Apr 2 -- Why do people always jump to the conclusion that just because something causes cancer or mutates their children that it's a bad thing? Anejo
Broker Admits Funneling Over $1M in Bribes to N.J. School Official
Posted: Wed Apr 4 -- Just think how much the premium had to be for this school district in order for this to happen. Most school districts put their insurance... Agent
BP Claims U.S. Hiding Evidence on Size of Gulf Oil Spill
Posted: Fri Mar 30 -- Obama's crew guessedamated the volume of the oil spill based on the cloud of oil in the water, not by the specific quantitative content of... anon the mouse

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