Daily Headlines: Thursday, August 2, 2012

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August 2, 2012 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National House Passes Tax Rate Extension Act The U.S. House of Representatives passed H.R. 8, the "Job Protection and Recession Prevention Act," that would extend the 2001 and 2003 ... Monsanto Wins Patent Suit Against DuPont in Genetically Modified Seed Case Shares of Monsanto, the world's largest seed company, rose on Thursday and DuPont shares fell after Monsanto won a $1 billion victory over ... Democrats, Republicans Offer Rival Views to Control Health Costs Democrats and Republicans agree that the next U.S. president will have to contend with rising healthcare costs that pose a growing, ... One Size Does Not Fit All When Motivating a Sales Team When a company's sales numbers lag, its sales executives often blame the compensation package and take steps to change the way they reward ... Swiss Re Corporate Solutions Increases North American Property Capacity Swiss Re Corporate Solutions has increased available Property capacity from $250 million to $500 million ... Concord Specialty Risk Coverage Addresses New IRS Reporting Requirements Powered by InsuranceJournal.tv Managing General Underwriter Concord Specialty Risk, which specializes in reps and warranties insurance,... More National News East Thomson Reuters Establishes Connecticut’s First Captive Insurance Co. Connecticut Gov. Dannel Malloy announced today that international media and information company Thomson Reuters has relocated its U.S. ... Mass. Healthcare Cost Containment Measure Aims to Save Up to $200B Massachusetts lawmakers have given final approval to a bill designed to save up to $200 billion in health care costs over the next 15 ... NFIB, EMPLOYERS Expand Workers Comp Program to New Jersey The National Federation of Independent Business (NFIB) has extended discounted workers' compensation coverage benefits to its members in ... Va. Court: Waiter's Choking on Quesadilla Didn’t Arise Out of Employment A Virginia appeals court recently ruled that a waiter who was injured at work while attempting to swallow "a piece of quesadilla that was ... Mass. Regulators Offer Advice to Drivers Who Are at Fault in Accidents The Massachusetts Division of Insurance recently published a guideline for drivers who are found to be at fault in an auto accident.The ... N.J. Chiropractor Charged With Stealing $89K Through False Claims New Jersey officials announced that a local chiropractor was charged with stealing more than $89,000 from insurance companies by submitting ... More East News Midwest Missouri Supreme Court Strikes Down Non-Economic Damage Cap Missouri's top justices have ruled that the state's law placing limits on the amount juries can award for non-economic damages in ... $10.4M to Be Distributed to Kansas Firefighters More than $10.4 million will be distributed among 578 local Firefighters Relief Associations (FRAs) across Kansas, state insurance ... Illinois' Millers First Insurance Co. Agrees to Rehabilitation Illinois insurance regulators reported that Millers First Insurance Co. (Millers First) has agreed to be placed into rehabilitation. While ... More Midwest News Southeast Farmers Raises Rates in Alabama; Pulls Wind Coverage on Coastal Rental Policies One of Alabama's largest homeowners' insurers is raising rates on property insurance by as much as 35 percent per policy while dropping ... New, Tougher Insurance Fraud Law Now in Effect in Alabama A number of recently enacted laws in Alabama concerning property-casualty insurance became effective on August 1. • One newly enacted ... MetLife Acquires Georgia's Reynolds Plantation MetLife has acquired one of Georgia's largest resort and golf communities. The insurer has acquired Reynolds Plantation that includes The ... Va. Motorist Settling Lawsuits in W.Va. Festival Death; Insurer Will Pay $500K A Virginia driver who crashed into a tent filled with sleeping women at a West Virginia music festival last summer wants to settle three ... More Southeast News South Central Defendant in Louisiana Bribery Case Enters not Guilty Plea The Kenner, La., businessman accused of bribing former Jefferson Parish President Aaron Broussard has pleaded not guilty in federal court ... Oklahoma Forester: Wildfire Danger Increases as Drought Persists A deepening drought and persistent 100-degree temperatures are turning forests and crops into tinder boxes and increasing the danger of ... Study: Oil Spill Dispersants May Have Hurt Gulf Food Chain A study on possible effects of the 2010 BP oil spill indicates dispersants may have killed plankton — some of the ocean's tiniest plants ... More South Central News West L.A. County Pays $2M To Settle Deputy Force Suits Los Angeles County will pay nearly $2 million to settle lawsuits over use of force by sheriff's deputies, including a deadly shooting. City ... 2 Dead, 3 Injured In Colo. Construction Zone Crash The Colorado State Patrol says a six-vehicle crash in a construction zone in southern Colorado has left two people dead and seriously ... Idaho Police To Begin Crackdown On Aggressive Driving Idaho law enforcement is getting ready to crack down on aggressive motorists. The Idaho Transportation Department is teaming up with 49 ... Prop. 33 Proponents: Ballot Writers Don't Understand Insurance Industry As proponents of California Proposition 33 await a hearing on a lawsuit they filed to change some wording in voter guide statements for the ... More West News Join the Insurance Journal Network Insurance Journal TV New PURE Program Provides Extra Flooding Services for High-Value Homeowners A new flood coverage suite from Privilege Underwriters Reciprocal Exchange, or PURE, now... Watch Now Agency Capitalizes on Obamacare Shawn Pynes, principal with Barney & Barney, discusses the benefits business following... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Track Your CSR's Daily Sales Activity Posted: Wed Aug 1 -- No worries! If I wasn't an honest-to-goodness agent I wouldn't have recently made a post on an AMS I'm looking to implement in my agency (I... Modern Maven D&O for Non Profit Posted: Tue Jul 31 -- I don't think it's a matter of who will insure a non profit, I think it's a matter of who will insure them for Civil Rights violations.... LadyBroker CPCU ?? Posted: Tue Jul 31 -- If you have experience in life issues, what is your goal? it is difficult to maintain an expertise is every line of insurance. I am... mccluney National Agents Alliance? Legit or Keep Away? Posted: Mon Jul 30 -- Dallas Viper should go to work for Farmers Ins. They sell the same load of c--p too. Since he believes in Fairy Tales he would fit right in... Presl70 Independent Agency Growth Rate Posted: Mon Jul 30 -- What would you say the average annual growth rate for your independent insurance agency is? I have read that between ten and twenty percent... WBF painting contractor in Ca for Comp Posted: Mon Jul 30 -- Insured has been out of force for 45 days approximately. $100000 in payroll. Inside and outside painting. class code 5482. No... trotter AMS360 for accounting? Posted: Mon Jul 30 -- I found these two insurance journal articles to explain a lot about how accounting should function. Then maybe consider which systems can... Riskmaster Go to Forums Reader Comments Former Citigroup Chief Weill Surprises with Call for Break-Up of Big Banks Posted: Thu Jul 26 -- It really is pretty simple TM. These big boys knew the sentiment would be they were too big to fail and the government would come to their... Agent California Court Reinstates Lawsuit Against Glock Posted: Fri Jul 27 -- Here's a basic formula for all gun owners to memorize: guns + kids = tragedy Ins Guy Texting Driver in South Dakota Charged with Manslaughter Posted: Mon Jul 30 -- Sadly you can pass all of the laws you want but it will only stop the already law abiding, conscientious drivers from texting and talking on... LP Md. Catholics Embark on 100-Mile Walk to Protest Birth Control Coverage Posted: Wed Aug 1 -- All of these posts togather is a great illustration of why "we" cannot even agree on the color of poop these days. I'm not Catholic and I... Little Frog House Backs Obama Quashing of Safety Rules for Child Farmworkers Posted: Fri Jul 27 -- Deficits, as long as they are manageable, are not always a bad thing. In a 2004 interview then Senator Barry Obama said that George Bush's... 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