Aug 8, 2012

Daily Headlines: Wednesday, August 8, 2012

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Insurance Journal Daily Headlines
August 8, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Despite GOP Governors, Feds Building Health Insurance Exchanges

Don't look now: The feds may be gaining on GOP governors who've balked at carrying out a key part of President Barack Obama's health care ...

U.S. Regulators Angered By N.Y. Action Against StanChart

The U.S. Treasury Department and Federal Reserve were blindsided and angered by New York's banking regulator's decision to launch an ...

Insurance Industry Poised to Add Jobs Over Next Year: Survey

Insurance industry hiring appears to be steady with 54.5 percent of companies saying they intend to increase staff and 77.4 percent expect ...

Employers Stressing Health Incentives for Employees: Aon

U.S. employers are increasingly utilizing monetary and other incentives to encourage employees and their families to become active in ...

Few Kids Use Recommended Safety Seats in Cars: Study

Despite the fact that car crashes are the leading cause of death for children older than three years in the U.S. and send more than 140,000 ...

From MyNewMarkets.com What to Know About the New Flood Insurance Program

If it were a dam or a levee, it would have been replaced ages ago. Yet the National Flood Insurance Program (NFIP) has stayed afloat despite...
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East

Son of N.Y. Man Who Vanished at Beach Is Charged With Insurance Fraud

A man who reported his father missing at a New York beach was charged Monday with insurance fraud and filing a false report several days ...

Maine-Based Cross Insurance Forms Partnership With Kraft Sports Group

The Kraft Sports Group in Massachusetts said this week it has named Cross Insurance, a subsidiary of Bangor, Maine-based Cross Financial ...

Vt. Town Offices Reopen a Year After Irene, With Help From Flood Insurance

The town offices and police department in a small southern Vermont town have reopened this week in their original home nearly a year after ...

XL Names Chief Underwriting Officer for Primary Casualty Unit in N.Y.

XL Group plc has appointed Barbara Luck as chief underwriting officer in its North America primary casualty business. Based in New York, ...
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Midwest

Missouri Man Convicted of Killing Insurance Agent

A St. Charles, Mo., man has been convicted of killing his auto insurance agent during a robbery prompted by a big loss at a casino. The St. ...

U.S. Crops Get a Break from Historic Drought

Rain and cooler temperatures in the drought-stricken U.S. Midwest crop belt will provide relief for late-season soybeans, but the change in ...

Ohio Weather Officials Confirm Weekend Tornado

Weather officials have confirmed what many residents of a northeastern Ohio town suspected: A tornado touched down there over the weekend. ...

Wisconsin Supervisor Killed During Meeting with Worker

A Milwaukee, Wis., plant supervisor was gunned down while meeting with a disgruntled employee who then killed himself, but police said they ...
Southeast

Kentucky Judge to Review Christians-Only Health Plan Case

A judge will consider whether a Christians-only health care plan should be held in contempt of court more than a year after the Kentucky ...

Travelers Insurance Says Policy Excludes Trayvon Martin’s Mother’s Claim

Trayvon Martin's mother is asking for at least $75,000 from the homeowners' association of the gated community where her teenage son was ...
South Central

Arkansas: Consultant’s License Required to Charge Compensation Fee

Insurance producers who assist group health insurance customers with coverage in Arkansas may collect a compensation fee from clients to ...

Recent Oklahoma Wildfires Result in 340 Insurance Claims

Recent wildfires in Oklahoma have resulted in at least 340 insurance claims statewide, authorities say, but many victims don't have ...
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West

Bay Area Refinery Fire Rekindles Memories of 2007 Blaze

For San Francisco Bay Area residents and West Coast oil traders, the Monday evening fire that struck California's second-largest oil ...

Kriedler Wins Washington's Commissioner Primary

Incumbent Washington Insurance Commissioner Mike Kreidler won 55 percent of the vote counted Tuesday night to take the primary in his ...

Zurich to Transfer Aftermarket Business to Arrowhead

Schaumburg, Ill.-based Zurich North America confirmed plans to transfer its book of aftermarket business and related brokered business to ...

Series Of Small Earthquakes Strike Southern California

A series of small earthquakes and aftershocks hit Southern California on Tuesday and Wednesday. A 4.4 magnitude earthquake struck Yorba ...

Calif.'s 9th Circuit Hands Former NFL Player Worker's Comp Loss

Retired National Football League offensive lineman Bruce Matthews attempt to collect workers' compensation benefits in California was ...

Heffernan Names Halverson Account Executive

Walnut Creek, Calif.-based Heffernan Insurance Brokers named Lisa Halverson to join its Petaluma office as a producing account executive ...
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International

UPDATE: Cat I Hurricane Ernesto Nears Mexico, Belize

According to the latest report from the National Hurricane Center in Miami, the center of category 1 Hurricane Ernesto was about 20 miles, ...

Philippines Rushes Aid to 850,000 People Affected by Floods

Emergency workers and troops rushed food, water and clothes to nearly 850,000 people displaced and marooned from deadly floods spawned by ...

Aon Benfield Monthly Cat Report Highlights China Floods; Agriculture Losses

The latest report on the world's catastrophes from Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, ...

China Braces for Another Typhoon; Japan on Alert: AIR Analysis

According to catastrophe modeling firm AIR Worldwide, residents along coastal cities in eastern China are preparing for their third typhoon ...

Earnings Reports: XL Group, Alterra Capital

Selected earnings highlights from the XL Group's headquarters in Dublin, Ireland for the second quarter and the first half of 2012 are as ...

Ratings Recap: Mapfre Panama, Infrassure, Lemma

A.M. Best Co. has affirmed the financial strength rating of 'A-' (Excellent) and issuer credit rating of "a-" of Mapfre Panama, SA, ...
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Insurance Journal TV

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Agriculture Business Prepared for This Years Drought

Record high temperatures in the Midwest have farmers facing the worst drought in over 20 year,...
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New PURE Program Provides Extra Flooding Services for High-Value Homeowners

A new flood coverage suite from Privilege Underwriters Reciprocal Exchange, or PURE, now...

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New Discussions in the Forums

Child Safety Alarm (MO)
Posted: Wed Aug 8 -- Hi. I am looking for advice on how to get a safety product insured. I am trying to bring a product to market that sets off an alarm if a... hotcoffee
Exotic car, bad driver!!
Posted: Wed Aug 8 -- Why not do the auto liability with someone like Progressive and do the physical damage with Lloyd's. E-mail me if you want to go that route.... INTLXS
Agent no legal duty to inform on cancellations?
Posted: Tue Aug 7 -- I agree with Ins-atty's 8/7 post. Exercise common sense. My practice is to never call anyone about a late payment. My best customer (a large... ForumReader1
Track Your CSR's Daily Sales Activity
Posted: Thu Aug 2 -- "If the csr is doing their job they will not have time to write down ever phone call." I have to comment on this statement, with a... Brenda H
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

Reader Comments

South Carolina Restaurant to Pay $1.1M in Drunk Driving Death
Posted: Tue Aug 7 -- Are you kidding me? How can the lawyers sleep at night? Those that are truly victimized always seem to lose. v
Va. Court: Waiter's Choking on Quesadilla Didn't Arise Out of Employment
Posted: Thu Aug 2 -- To comment on this I had to put myself in both situations. I would have done things very differently than TGIF Corporation. I also agree... other
Md. Catholics Embark on 100-Mile Walk to Protest Birth Control Coverage
Posted: Thu Aug 2 -- Oh, and your opening comment is pure hyperbole. Being frustrated and fed up with the actions of the Catholic church does not make one a... Jon
L.A. County Pays $2M To Settle Deputy Force Suits
Posted: Thu Aug 2 -- These idiots that are getting rewarded, all had issues to begin with. It's so easy to blame the police for wrong doing! Try making a... incognito
House Passes $383 million US Drought Aid Bill for Ranchers
Posted: Mon Aug 6 -- Yeah, but CalDude, that's not what Fox News lies about. Remember, President Obama has the US checkbook. Hence, "giving Obama a blank... Captain Planet

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