Jul 6, 2012

Daily Headlines: Friday, July 6, 2012

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

Today's Headlines

National

Feared El Nino Weather Could Strike in Third Quarter: Climate Forecasters

The feared El Nino weather phenomenon could strike as early as the third quarter of 2012, raising prospects of wreaking weather havoc from ...

FDA Plans IDs to Track Medical Device Safety

Medical devices like hip implants and heart defibrillators will soon join the ranks of cars and toasters. The U.S. Food and Drug ...

Storms Knock Out Power in East; Heat Threatens Corn Crop in Midwest

Six days after violent storms hit the eastern United States, the state of West Virginia was struggling to recover on Thursday, with nearly ...

From MyNewMarkets.com RLI, Chubb Among Top P/C Performers: SNL

RLI Corp. tops the list of property/casualty commercial lines carriers ranked by financial performance for the 12 months ending March 31,...
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East

Derecho-Related Claims Pouring In; 22,000 Claims in Maryland So Far

As the mid-Atlantic states continue to recover from last week's destructive "derecho" storm system, insurance claims have been pouring in ...

Virginia Insurance Regulator Offers Post-Storm Advice

The series of deadly storms that struck much of the mid-Atlantic last week left 12 people in Virginia dead and extensive damage in their ...

Power Restoration Efforts Continue in Southern New Jersey

Nearly a week after severe thunderstorms slammed into southern New Jersey, some 16,000 homes and businesses were still without electricity ...

Massachusetts Lawmakers Working on Healthcare Cost Containment Bill

Massachusetts state lawmakers working to reconcile House and Senate versions of health care cost containment legislation say they are ...

3 Dead, 24 Rescued After Yacht Capsizes Off New York's Long Island

A yacht full of fireworks watchers capsized off New York's Long Island on the Fourth of July, killing three people and sending 24 others ...
Join us online Wednesday July 11 for a LIVE webcast, Property Valuation - hosted by Insurance Journal's Academy of Insurance - Reserve Your Spot Today
Midwest

Iowa to Pay $3.75M for Boy's Injuries

Iowa has agreed to pay $3.75 million to settle a lawsuit that claimed negligence by University of Iowa hospital employees during a birth ...

ND Insurance Agents Banned From Business In State

North Dakota Insurance Commissioner Adam Hamm has ordered agents in Dickinson and Fargo to stop doing business in the state. Scott Biggs in ...

Indiana Woman Accused Of Bilking Pet Insurance Firm

A southern Indiana woman faces dozens of forgery and theft charges alleging that she embezzled more than $300,000 from a pet insurance ...

InPro Insurance Group Acquires Industrial Insurance Services

InPro Insurance Group, a Troy, Mich.-based independent insurance agency, has acuiqired Industrial Insurance Services Inc. of Troy. Through ...

Chicago Installing Safety Signs At Crosswalks

Chicago has started installing signs at intersections to remind motorists they need to stop if pedestrians are in crosswalks. The Chicago ...
Join us online Wednesday July 11 for a LIVE webcast, Work Comp Retrospective Plans - hosted by Insurance Journal's Academy of Insurance - Reserve Your Spot Today
Southeast

North Carolina Lawmakers Pass 4 Year-Ban on Sea Level Policy Changes

After North Carolina lawmakers were ridiculed for their attempts to ignore a state-sponsored science panel that predicted a sharp rise in ...

North Carolina Lawmakers Pass Protection for Insurance Whistleblowers

North Carolina lawmakers are acting to protect whistleblowers after a hospital sued a former employee who reported what the state auditor ...

Smalling, Muller Join Tennessee's Lexon Surety

Lexon Surety Group. a Hermitage, Tenn.-based surety bonds firm, has added two people to its executive team. Jeffery Smalling will be ...
South Central

Extreme Drought Spreads In Arkansas

The latest drought report says more than a third of Arkansas is in extreme drought conditions. The U.S. Drought Monitor report, updated ...

Ledet To Head La. Insurance Dept. Public Affairs

Ileana Ledet (leh DAY) has been named Deputy Commissioner of Public Affairs for Louisiana's Department of Insurance. Commissioner Jim ...

Independent Insurance Agents of Texas Names Webb Young Agent of the Year

The Independent Insurance Agents of Texas (IIAT) announced that Andy Webb of Watkins Insurance Group in Austin was named the André P. ...
West

Gregoire Releases $500,000 For Tsunami Debris

Gov. Chris Gregoire is releasing $500,000 from her emergency fund to address costs associated with potential debris washing up on the ...

Great Falls, Mont. Bans Cell Phones For Drivers

Great Falls banned hand-held cell phones for motorists and cyclists, hoping to make navigating the streets of this central Montana town a ...

Two Montana Counties Declare Drought Disasters

Yellowstone and Stillwater county commissions in Montana have declared drought disasters in their counties. Officials say low rainfall and ...

NDOT Considers Rail Crossing Safety Upgrades

The Nevada Department of Transportation is considering safety improvements at some railroad crossings on roads with fast speed limits, ...

Bethune Named to National Post at Fireman's Fund

Travis Bethune was named to Fireman's Fund Insurance Co. as the national broker relationship leader. Bethune will have accountability for ...

Man Faces Charges After Claiming $20,000 for Fake Dead Cat

A Tacoma, Wash. man is facing attempted theft and insurance fraud charges after filing a $20,000 claim for a fictitious dead cat, using pet ...
International

Equipment Failure, Training, Inspection Flaws at Fault for Rio-Paris Crash

Pilot error, defective sensors, inadequate training and insufficient oversight combined to send an Air France passenger plane plunging into ...

UK Insurer Aviva Culls Units in Turnaround Drive

Aviva, the UK's No.2 insurer, plans to sell or close more than a quarter of its businesses in a shake-up aimed at regaining the support of ...

Black Heads Swiss Re's Brazilian, So. American Reinsurance Operations

Swiss Re announced that it now operates as a Local Reinsurer in Brazil under new leader Margo Black, as its Head of Reinsurance for Latin ...

Zurich Names Haugh to Newly Created Chief of Staff Position

Zurich Insurance Group announced the appointment of Ann Haugh (41, U.S. Citizen), currently CEO of Global Corporate in the UK, to the ...

Ratings Recap: Kuwait Re, Ageas, Al Fajer Re, Generali (Notes)

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of 'A-' (Excellent) and the issuer credit rating of ...

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LexisNexis Insurance Exchange Celebrates One-Year Anniversary

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Health/Benefits Sector Offers Potential Growth for P/C Agents

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New Discussions in the Forums

AMS360 for accounting?
Posted: Fri Jul 6 -- Do any AMS 360 users think that the accounting functionality is limited? Do you use a separate accounting program such as Peachtree or... John J90
Can an employer fire an employee because their pre-convicted
Posted: Fri Jul 6 -- This can also be happen if the false information were given on the employment contract regarding the previous records and employer finds out... jazz90
Agent no legal duty to inform on cancellations?
Posted: Thu Jul 5 -- I think the legal term is 'estoppel', whereby past practices can become the established norm for business dealings...meaning that if an... d's insurance store
WC Market for class code 9051 Home Health Care Aid
Posted: Thu Jul 5 -- Hi, I'm looking for a WC Market for class code 9051 Home Health Care Aid. I'm trying to pull them out from a PEO. bh060875

Reader Comments

Agents, Insurers Cheer Congress OK of Flood Insurance Reform Bill
Posted: Mon Jul 2 -- OK Insurance Journal news department. What happened to that unnamed republican who was going to stop this law because of the definition of... Jack
Why Chief Justice Roberts Saved Obama's Healthcare Law
Posted: Tue Jul 3 -- Googlegal, The Progressive Left in this country has been working on making this country an entitlement society for several decades now.... First Agent
Louisiana Officials' Reaction to Health Ruling Mostly Negative
Posted: Fri Jun 29 -- Bobby Jindal will next look for ways to get Louisiana out of the United Nations. kafantaris
Supreme Court Upholds Healthcare Law; Read Copy of Opinion
Posted: Tue Jul 3 -- Let's check the "greatest tax increase on the middle class in history" comment, shall we? Using a method perfected by Jerry Tempalski, an... Captain Planet
Actuaries Say Individual Mandate Key to Viable Health Insurance Market
Posted: Fri Jun 29 -- The law now is not the Affordable Care Act, It is the Affordable Care TAX! Get that right IJ! Sarah

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