Jun 1, 2012

Daily Headlines: Friday, June 1, 2012

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Insurance Journal Daily Headlines
June 1, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Feds Shut Down 26 Bus Operators in Safety Crackdown

Twenty-six bus operations that transported more than 1,800 passengers a day along Interstate 95 between New York and Florida have been ...

Oracle Suffers Setback in Java Copyright Battle Against Google

A U.S. judge dismissed Oracle Corp.'s copyright claims against Google Inc. for parts of the Java programming language, knocking out ...

Professional Liability Risks Evolve with Changes in Healthcare System

National healthcare reform legislation passed by Congress in 2010 may or may not survive consideration by the U.S. Supreme Court, but the ...

R Street Institute Launches ‘Right Street Blog’ on InsuranceJournal.com

The R Street Institute, a new insurance free market think tank, has launched an insurance issue-oriented blog on InsuranceJournal.com. The ...

ACE Private Risk, Generac Power Systems Launch Personal Lines Program

ACE Private Risk Services, the high net worth personal insurance business of the ACE Group, and Generac Power Systems, a manufacturer of ...

Hurry, Don’t Miss Out: Submit Today for Top 100 Independent Agency Recognition

Once again, Insurance Journal is on the search for leading privately-held property casualty independent agencies and brokerages for its ...

From MyNewMarkets.com 11 States Adopt Plan to Distribute Surplus Lines Premium Taxes

States participating in the Non-admitted Insurance Multi-state Agreement, or NIMA, have adopted a premium allocation method for distributing...
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East

AIG to Pay Penn. $16.8M to Settle Probe Over WC Premium Reporting

Pennsylvania Insurance Commissioner Michael Consedine announced Thursday that American International Group and its workers comp insurance ...

N.J. Judge: Texter Not Liable for Driver’s Car Crash

A woman who texted her boyfriend while he was driving cannot be held liable for a car crash he caused while responding, seriously injuring ...

Mass. Church Rebounds After 2011 Tornado; Insurance Covers $2M Repair

A year after a tornado downed its steeple, The First Church of Monson Congregational in Monson, Mass., is rebounding. The town's oldest ...

50 Years On, Fire Still Burns Underneath Pennsylvania Town

It's an anniversary the few remaining souls who live here won't be celebrating. Fifty years ago, a fire at the town dump ignited an exposed ...

N.H.-Based Northern United Agents Alliance Announces New Member Agency

The Northern United Agents Alliance (NUAA), an independent agency partnership based in New Hampshire, said Hunkins & Eaton Insurance Agency ...

N.J. Police Chief Convicted of Insurance Fraud Is Removed From Job

A judge on Wednesday ordered a convicted New Jersey police chief to forfeit his job. A jury convicted Hackensack Police Chief Ken Zisa of ...
Join Insurance Journal's Academy of Insurance -- Insuring Green Building and Materials, new challenges and opportunities for the insurance industry -- Register Today
Midwest

Missouri Issues Warning About Agent Barred from Insurance Business

The Missouri Department of Insurance says it has received reports that an agent previously barred from the insurance business has been ...

Michigan Court Rules for Insurer in Tragic Hit-and-Run

The Michigan Supreme Court says an insurance company doesn't have to pay benefits in a hit-and-run case because the incident wasn't ...

Indiana Fair Lawsuits Won’t Go to Trial Until 2014

A group of lawsuits filed over last summer's deadly Indiana State Fair stage collapse likely won't go to trial for nearly two years. ...
Southeast

Fake Hurricane Helps Mississippi Responders Prepare for Real One

Hurricane Natasha was a fake storm, but Mississippi's emergency responders treated it like it was the real thing. Natasha was a simulated ...

Tennessee Court Nixes $2.7 Million Insurance Claim from Bar Fight

The Tennessee Supreme Court has overturned a ruling that said an insurance company must pay $2.7 million in damages for a bar fight in ...

Judge Slashes SeaWorld’s OSHA Fine for Death of Whale Trainer

SeaWorld Orlando's $75,000 fine from the federal job safety agency for the death of a trainer by a killer whale two years ago has been ...

USI Acquires Georgia’s Impact Benefit Management Services

New York-based insurance broker USI Insurance Services has acquired Impact Benefit Management Services, LLC of Roswell, Georgia. USI said ...
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South Central

Travelers Introduces New Wind Credit for Fortified Homes in Texas

Travelers Insurance announced it is introducing a wind credit for fortified homes in Texas that meet established standards designed to ...

Oklahoma's Emergency Price Stabilization Act in Effect After Storms

Oklahoma's Emergency Price Stabilization Act is now in effect for 35 Oklahoma counties after Gov. Mary Fallin declared a state of ...

Can Texas Escape Another Hurricane Season?

Today marks the start of another hurricane season and many Texans are wondering if we can go one more year without a destructive storm. The ...

SIAA Master Agency, CoVerica, Signs 50th Member Agency

Texas-based CoVerica Agency Alliance, a master agency member of SIAA, has signed its 50th member agency — Knott Insurance Group of ...
West

New Mexico Fire Over 216K Acres, 10% Contained

Firefighters made progress on the northern and western fronts of the Whitewater-Baldy complex fire in New Mexico's Gila National Forest ...

Atlas Adds Rodgers as Senior Underwriter

San Diego, Calif.-based Atlas General Insurance Services LLC hired Kevin Rodgers as a senior underwriter. Rodgers comes to Atlas with ...

Poms & Associates Adds Three in Southern California

Los Angeles, Calif.-based Poms & Associates Insurance Brokers Inc. named Chris Poveromo branch manager and senior vice president of ...

Mom Of War Vet Killed By Vegas Police Files Suit

The mother of a troubled Gulf War veteran who was shot dead in his car during a standoff with Las Vegas police is seeking tens of millions ...

Bill to Create 'Framework for Damages' Passes Calif. Senate

A bill its author says will provide a framework to measure damages when a plaintiff suffers injuries that passed the California Senate ...
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International

S&P to Factor Country Risk into Insurance Ratings

Standard & Poor's will change the way it assigns global ratings to insurers, in part to increase the consideration of country risk in ...

Europe, U.S. Agree on Streamlining Air Cargo Safety

The European Commission and the U.S. Transport Security Administration have agreed to recognize each other's air cargo security regimes, a ...
Insurance Journal Blogs

Free Markets Don't Have to Mean No Regulation

A pragmatic, free-market take on insurance related issues from R Street Institute's Eli Lehrer. A one-time boss of mine—a bearded ...

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Insurance Journal TV

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Annual Live Training Burn Educates Adjusters

Pat Andler, a certified fire investigator and owner of Andler & Associates discusses the...
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What D&O Buyers Look For In a Carrier

What do insureds look for when shopping for a carrier to provide director and officers...

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New Discussions in the Forums

CA STATE FUND
Posted: Thu May 31 -- As a former State Fund Underwriter I have been frustrated as well. I have been having a... Santa Rosa Ins Broker
1-800-Car-Insurance
Posted: Thu May 31 -- I checked out your website, and your idea is interesting, though I wouldn't recommend it to anyone for the reasons I mentioned above. What... Robert742
What are your thoughts on the insurance industry
Posted: Thu May 31 -- I have tried being an insurance agent before and I really liked it. If you just know how to talk to people then you don't have anything to... rijbadgett
Credit Card Processing
Posted: Wed May 30 -- I'm looking for a Credit card processor that does not have excessive/ hidden fees. Online processing is what we prefer. Any suggestions... JAM
Video Email - Would you do it if it is cost effective
Posted: Wed May 23 -- I have been in the insurance industry since 1985. I have seen a lot of things come and go in that time period. I know right now the hot... Eagleeye
Licensing Outsourcing? Viable?
Posted: Wed May 23 -- Tip brought to you by your local PIA (Professional Insurance Agents Association) ... dm307799
Brokerage and investment firm
Posted: Tue May 22 -- Are you asking what the process is to register as an insurance agent/broker, and also as an investment (i.e. securities broker/dealer)? Your... Big Dog

Reader Comments

Montana School Settles Claim By Family Of Suicide Victim
Posted: Fri May 25 -- I don't understand. This young girl was attacked and violated and the teacher got a 3 year deferred sentence? He should be fried for his... Water Bug
Mom of Massachusetts Man Shot in Harvard Dorm Sues University
Posted: Fri May 25 -- Although I would be devastated were it my child, I would have to admit that life is sometimes unjust and unfair. Neither is grounds for a... Lynda Berge
Arkansas Teacher Sues District Over Anger Management Course
Posted: Thu May 31 -- explaining teacher's rights vs anger... sounds like the superintendant needs to go to one... he was angry because a teacher was being told... wudchuck
BofA Whistleblower to Receive $14.5M in Mortgage Case
Posted: Wed May 30 -- These financial institutions are almost as corrupt as the politicians. Chris Dodd made out like a bandit with his favorable loan terms with... Agent
Flood Insurance Program Extended Until July 30
Posted: Thu May 31 -- Continuing Resolution after continuing resolution just like they do on the budget which has been non existent for 3 years. These politicians... Agent

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