Daily Headlines: Tuesday, March 12, 2013

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March 12, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Agency M&A Advisory Firm Sees 'Lack of Quality Acquisition Opportunities' A mergers and acquisitions advisory firm focusing on the insurance agency sector says it is hearing more this year about "a lack of quality ... AIG Shareholders Gain Class Action Status in Greenberg's Bailout Suit Two groups of American International Group Inc. shareholders won class-action status from a federal judge on Monday in a $25 billion ... Farmers Brace for Crop Insurance Cuts U.S. farm groups are looking for a formula to lower crop subsidy spending dramatically and end regional infighting ahead of new ... Calling Young Insurance Agents: Tell Us What You Think Are you a young insurance agent, 40 years old or younger? Do you know a young insurance agent? Insurance Journal is once again searching ... American Resources Insurance Co. Expands Rockwood Partnership American Resources Insurance Company (ARIC) has broadened its partnership arrangement with Rockwood Programs. The new relationship provides ... Agents Hang Onto P/C Market But Lose Ground in Personal Auto: Study After experiencing dwindling premiums for years, the property/casualty insurance industry managed to grow substantially in 2011. ... Garagekeepers Sometimes Lags in the Auto Repair Shop The neighborhood auto repair shop or local gas station might seem to be an easy risk to insure. But there are a few misunderstood coverages... Smartphones Could Replace Black Boxes for Auto Rating The next steps in applying telematics to auto insurance pricing could involve using your smartphone to track your... More National News East New York State Psychiatric Association Files Suit Against UnitedHealth The New York State Psychiatric Association and consumers with health insurance from UnitedHealth Group Inc on Monday sued the company over ... N.J. Commissioner Commends Banks for Accelerating Payments of Insurance Proceeds New Jersey's top insurance regulator this week commended the actions of New Jersey community banks, national banks and servicers -- ... Legislators Propose Stretching Out NFIP Rate Hike Timeline to Assist Sandy Victims A group of U.S. representatives from New York are proposing a bill that would stretch out the National Flood Insurance Program's premium ... GEICO in Maryland Names New Senior Vice President GEICO, a Chevy Chase, Md.-headquartered auto insurance unit of Berkshire Hathaway, announced that Seth Ingall has been named senior vice ... More East News Midwest American Westbrook Insurance Services Adds Social Services Practice American Westbrook Insurance Services LLC, a full-service insurance broker headquartered in Westchester, Ill., announced it has added a ... Report: Michigan School Safety Laws Routinely Ignored Michigan laws meant to improve safety at schools are routinely ignored and state officials don't know the scope of the problem, according ... Ohio Physician Ordered to Repay $16K-Plus for Workers' Comp Fraud A Dayton, Ohio, physician who was banned from treating injured workers in 2009 pleaded guilty to workers' compensation fraud after he was ... CNA's Motamed to Chair 2nd Annual IICF-Midwest Benefit Dinner Thomas F. Motamed, chairman and CEO of CNA Financial Corp. will chair the Insurance Industry Charitable Foundation (IICF) - Midwest's 2nd ... More Midwest News Southeast Ex-Bengals Cheerleader Libel Retrial Set for July A defamation lawsuit involving a gossip website and a former Cincinnati Bengals cheerleader convicted of having sex with a teenage student ... Kentucky Judges Dismiss Texting While Driving Charges Jefferson County, Kentucky judges have dismissed nearly 40 percent of the texting while driving charges brought under the state's ... Wells Fargo Insurance Names Robertson Director for Atlanta Office Wells Fargo Insurance has named David Robertson managing director for its Atlanta office. Robertson will lead business development, client ... More Southeast News South Central Finks Joins Texas-Based Roach Howard Smith & Barton Brandon Finks has joined Roach Howard Smith & Barton insurance brokerage firm as a commercial sales executive for property/ casualty ... Suspicious Roofing Claims in Texas Increase 50% Since 2010 Long known for its epic weather-related events, a report released today by the National Insurance Crime Bureau indicates that some Texas ... A.M. Best Downgrades National Automotive Insurance Co. A.M. Best Co. has downgraded the financial strength rating to C (Weak) from B (Fair) and issuer credit rating to "ccc" from "bb" of ... More South Central News West Southern California Jury Awards $8.3M In Hip Implant Case A jury awarded $8.3 million to a former prison guard who accused Johnson & Johnson's DePuy Orthopaedics subsidiary of knowingly marketing a ... Keshishian Named Regional Sales Director for GUARD in West GUARD Insurance Group named Steve Keshishian director of regional sales to address recent and planned growth in the West. Keshishian will ... Utah Prepares For Another Busy Wildfire Season The mountains still may be covered in snow, but officials already are preparing for another busy wildfire season in Utah amid growing ... Insurance Veteran Looks to Capitalize on Need for Experience Looking back at the beginning of his career in the late 1960s, Steve Stonehouse recalls when there were no perpetuation issues and ... More West News International Carlyle, KKR Among Bidders for Insurer in 'Hot" Thai Market Carlyle Group LP and KKR & Co. LP are among the bidders to have made first round offers to buy a minority stake in Thai Life Insurance Co. ... Iran's March Crude Exports Fall to Lowest Since Sanctions Began Iran's crude oil exports in March may plunge by a quarter from a month earlier to the lowest since tight Western sanctions came into effect ... Hastings Joins Markel's Professional, Financial Risks Unit; Replaces Retired Armes James Hastings has been appointed managing director of Markel International's professional and financial risks division in London. He ... More International News Insurance Journal Blogs AIF Map Confirms Citizens Not the Leading Writer in Most Florida Districts The debate over how to reform Florida's Citizens Property Insurance Corp. has been a years-long and arduous political battle. Despite its ... More Blogs Join the Insurance Journal Network Insurance Journal TV Gordy Bunch on Growth at The Woodlands Financial Group Richard "Gordy" Bunch, president and CEO of The Woodlands Financial Group, readily concedes... Watch Now Cost of Disaster Relief: IBHS CEO Rochman Why does it seem easier for society and, in particular, government to respond by spending lots... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Surety Bonds Posted: Tue Mar 12 -- We are a surety bond only brokerage/agency, so bonds are our only business. When assisting clients, what factors help you decide from whom... MNeschke Online Competition Posted: Tue Mar 12 -- D's appreciate your thoughts- certainly something to ponder-- to clarify we are a small - 2 agent no staff office. Our expectations may be... William Graham Farmers vs. Independent Posted: Tue Mar 12 -- I would like to add to the phrase:"If you want to own an agency the long term vision needs to be..." I would finish the sentence as... lonestar Non compete lawsuit Posted: Mon Mar 11 -- See an attorney. 25 miles is a little bogus but so is the fact he only 3 commissions...it would be better if he had got no compensation,... OldIndyAgent Insurance Noodle vs. Superior Access vs. Agent Secure Posted: Mon Mar 11 -- Small agencies don't write enough to get direct appointments with most carriers. newportins What is your biggest pain as an agent? Posted: Mon Mar 11 -- Definitely the IT component. We're a small biz so that hat falls in our heads and none of us are networking or computer pros. An IT snafu... Courtney Market for GL for metal fabrication manufacturing co Posted: Mon Mar 11 -- If he's making them just for himself, then there are no legalities. If he's making them to give or sell to others, he needs the 07 FFL... Brave21 Go to Forums Reader Comments States with More Gun Laws Show Lower Rate of Firearm Fatalities: Study Posted: Thu Mar 7 -- This study offers little relevance because it includes two population segments where one dilutes the results from the other. It would be... Tucc Nevada Measure Would Create Liability For Addictive Drugs Posted: Fri Mar 8 -- Let's look at this from both sides... On one hand it's not a bad idea because it would make doctors actually pay attention to their patients... TN St. Louis Company Wins Suit over Bowl-Shaped Chip Posted: Thu Mar 7 -- The litigators must have loved these two companies! Imagine making money by arguing case law over the shape of a chip. Huh! Alabama Woman Sues Wal-Mart, Alleges Moldy Mr. Goodbar Posted: Tue Mar 5 -- First off, it HAD to taste bad- why continue eating it? Secondly, chocolate rarely 'goes bad'- while it may be stale, the peanuts may have... bela Garagekeepers Sometimes Lags in the Auto Repair Shop Posted: Tue Mar 5 -- As an agent who has been writing Auto Repair shops for many years, I can't tell you how many times I have seen a shop written by someone... Agent Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue March 11, 2013 Hospitality Risks Directory; Homeowners & Auto; Public Entities More Newsletters Choose Newsletters Daily Headlines Weekly Reader Picks Magazine Update Insurance Journal TV Classifieds Breaking News MyNewMarkets Daily Claims Daily Enter Your E-mail Market Directories Excess & Surplus Markets Programs Workers' Comp Markets New Insurance Jobs P&C Commercial Underwriter Commerical Transportation Underwriter Trainee, P&C Underwriter Experienced P&C Claims Adjuster, Telecommuting Have a job opening? List it on our Web site. 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