Jun 7, 2013

Daily Headlines: Friday, June 7, 2013

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Insurance Journal Daily Headlines
June 7, 2013
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

U.S. on Offense in Cyber War: Building Command Center, Hiring Warriors

On the site of a former military golf course where President Dwight Eisenhower once played, the future of U.S. warfare is rising in the ...

Farmers, Safety Group Sue Monsanto Over Biotech Wheat

American wheat farmers and a food safety advocacy group filed a lawsuit Thursday against biotech seed developer Monsanto Co., accusing the ...

S&P Wins Transfer of Ratings Lawsuits by States to Federal Court in New York

Standard & Poor's and its parent company McGraw Hill Financial Inc. on Thursday won a ruling that moves 15 lawsuits in which they were ...

U.S. Insurers Financially Prepared for Hurricanes in 2013: Fitch

There is sufficient capacity available in insurance and reinsurance markets to provide sufficient coverage and withstand potential losses ...

Equity Risk Partners Enhances Aviation Practice

Equity Risk Partners, an insurance brokerage, employee benefits and risk management consulting firm, has joined forces with AirSure ...

La Nina More Likely Than El Nino in Northern Summer: Forecaster

The U.S. government weather forecaster on Thursday predicted that extreme conditions are unlikely through the Northern Hemisphere summer, ...

From MyNewMarkets.com Insurance Industry Responds to Healthcare, Financial Services M&A Exposures

Insurers in the transactional risk and healthcare segments are paying close attention to a marked increase in financial services and...
Carrier Management

Berkshire E&S Entrance Is No Concern, Berkley Says

Profit-focused executives from strong firms who understand the business of underwriting are welcome to enter the excess...
East

FEMA Publishes Latest Data on New Jersey's Sandy Recovery

The Federal Emergency Management Agency this week released its latest figures regarding Superstorm Sandy disaster assistance for New Jersey ...

Connecticut's Anti-Distracted Driving Bill Sent to Governor

A bill that aims to further combat distracted driving in Connecticut now awaits Gov. Dannel P. Malloy's signature. Connecticut's state ...

NYC Council Airs Proposals to Handle Storms Better

After months of mulling the city's response to Superstorm Sandy, lawmakers proposed Wednesday to require backup generators for traffic ...

Connecticut Regulators Recovered $2.3M for Policyholders, Taxpayers in Q1

Connecticut Insurance Commissioner Thomas Leonardi recently announced that the state's insurance department recovered nearly $2.3 million ...
Midwest

H.E.A.T.: Unconventional Auto-Related Crimes on the Rise in Michigan

Auto thefts in Michigan are in a five-year decline, but other forms of vehicle-related crime are on the rise, according to Help Eliminate ...

10 Hurt After Shooting at North Illinois Gun Club

Kane County authorities say 10 people were injured this week when a shotgun accidently discharged inside a gun club in Blackberry Township, ...

Socius Insurance Services Hires Morman as Assistant VP in Chicago Area

Socius Insurance Services Inc., a management liability and property/casualty insurance wholesaler, has hired Michael Morman as assistant ...

Wisconsin Court: Bar not Liable for Underage Drinker

A Wisconsin court has ruled that a bar that served alcohol to an underage drinker can't be sued for negligence because the person provided ...
Southeast

West Virginia Adopts Safety Measures, Video Monitoring for New Schools

New schools built in West Virginia will be required to have shatter-proof glass and exterior door alarms. The requirements are among ...

Tropical Storm Andrea Weakens Over Florida After Fueling Tornadoes

Tropical Storm Andrea lost strength as it passed over northern Florida on Thursday evening and is forecast to drench much of the U.S. ...
South Central

Oklahoma Supreme Court Invalidates Civil Justice Law

A civil justice reform measure hailed in 2009 as the most comprehensive bill to ever affect Oklahoma's legal system has been declared ...

After Blast, Texas Town Fights to Keep its Residents

John Crowder stood on the gray concrete slab where his house once was in West, Texas, pointing out one spot after another. There was the ...

Oklahoma Death Toll at 20 After Tornado, Floods

Oklahoma medical examiner's office says eight of the 20 people killed during the tornadoes on May 31 and subsequent flooding either drowned ...

Oklahoma Steps Up Fraud Fight in Disaster Zones

Oklahoma is stepping up its efforts to fight fraud in storm-devastated areas of the state with the assistance of the National Association ...
West

Thompson Ridge Fire in New Mexico Still Growing

The Thompson Ridge fire in northern New Mexico continues to grow even as firefighters make progress mopping up hot spots and clearing lines ...

Southern California Schools Offer $17M To Settle Molestation Claims

The Los Angeles Unified School District has offered $17 million to settle dozens of claims by alleged victims of a former teacher charged ...

Immigrant Driver's Licenses Signed In Colorado

Immigrants living illegally in Colorado will be able to get driver's licenses under a bill signed Wednesday by Gov. John Hickenlooper, ...

Washington Public Employee Fired Over Fruit Pie Suing City

A Bridgeport, Wash. public works employee who was fired by the mayor for shoplifting a $1.69 fruit pie is filing a wrongful termination ...

Montana Governor: Flooding Emergency in 15 Counties, 2 Reservations

Gov. Steve Bullock has declared an emergency in 15 counties and two reservations due to widespread flooding in northern and central ...

SIAA Adds Six Agencies in West in May

The Strategic Insurance Agency Alliance signed six new agencies in the West in May, which brings SIAA's total for the month to 30 new ...
International

Insured Losses from Europe Floods Estimated at $2.65B, Less Than in 2002

The losses insurers face from the worst flooding in central Europe since 2002 may be lower than those resulting from the deluge 11 years ...

China: Company Bears 'Unshirkable Responsibility' for Deadly Poultry Plant Blaze

Safety management at the Chinese firm whose poultry slaughterhouse caught fire earlier this week killing 120 people was a "total mess" and ...

Button Named London Market Chief Underwriting Officer for HCC International

HCC Insurance Holdings Inc. has p[romoted of Simon Button to chief underwriting officer for HCC International Insurance Co. PLC and Lloyd's ...
Insurance Journal Blogs

Burand's Agency E&O Blog: Tip #34

Personal Lines Liability Limits. If an agency has only offered a client $100,000 liability and they have a $300,000 claim, what do you ...

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Agency Pay - Is It Time for a Change?

Jason Cass, chair of the Independent Agents & Brokers of America's Young Agents Committee, and...
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The Good and the Bad: Healthcare Reform and Medical Liability

The Patient's Protection and Affordable Care Act (ACA) has very little to do with the medical...

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New Discussions in the Forums

Garagekeepers Coverage - Florida Account
Posted: Fri Jun 7 -- Florida Account Coverage - Garagekeepers written comp and collision , legal liability basis. Lot was secured. Have a claim where vandals... garageinsurance fan
insurance metal homes
Posted: Fri Jun 7 -- Retired1- The company I work for find these homes ineligible due to the inability of determining a proper reconstruction cost (estimators... Companyman
Workers Comp (Ca) Auto Repair with large loss
Posted: Wed Jun 5 -- We have an auto repair prospect being non-renewed at the beginning of July from his current carrier. The business has been operated by the... PaulN
How to obtain release of liablity
Posted: Wed Jun 5 -- What a great question for a family law attorney! People who seek legal advice from an open internet forum generally get what they pay for.... d's insurance store
Standard Non-Compete
Posted: Tue Jun 4 -- Yes, you can get it from an attorney specializing in contract law. Any other non-compete agreement that is not State Specific, Industry... yoyowordup
Workers Comp TX Oilfield Service Contractor
Posted: Tue Jun 4 -- Thanks John B Clinton, I did place the coverage through Midwest Insurance Company. Will keep your referal for future. Thanks again. JohnnyLaw
24 Hour CA Restaurant
Posted: Mon Jun 3 -- How would we make that work? Possible split commission? Send me you contact info and we can talk about the possibility. Thank you. mce23
QuickBooks
Posted: Mon Jun 3 -- I've been thinking about using quick books for my agency. Can anyone comment on how well it works for managing payroll (1099 and W-2). shiftins

Reader Comments

Protesters Urge R.I. to Default on 38 Studios Debt
Posted: Tue Jun 4 -- The Occupy movement doesn't understand the way that the world works. The taxpayers elected officials into office who (I am assuming)... DW
Mississippi Homeowners Renew Lawsuit Against Exxon Over Alligators
Posted: Fri May 31 -- No comment. I ain't seen the paperwork as yet. As for 84+ of us on one piece of property, heck, 35 acres is a lot of wiggle room. Give us a... Al E. Gator
Florida Governor Vetoes Immigrant Driver License Bill
Posted: Thu Jun 6 -- Good for the Governor! About time we start to take our immigration laws seriously. You can not illegally enter any other country and get... Bill
Motorcycle Injuries Rise After Helmet Laws Weakened: Study
Posted: Wed Jun 5 -- How about if the person not wearing a helmet is then excluded from recovery of Social Security disability and Medicaid if the injury is... ABYZ
Philadelphia Building Collapse Leaves 6 Dead, 14 Injured
Posted: Thu Jun 6 -- Many thanks to the people on scene at the time of the collapse who rushed to action, helping dig out people before the professional rescue... M. Prankster

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