Jul 12, 2013

Daily Headlines: Friday, July 12, 2013

Insurance Journal Daily Headlines
July 12, 2013
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Some Victims Appeal Medical Benefits in BP Oil Spill Settlement as 'Unfair'

The medical benefits portion of BP Plc's settlement over the 2010 Gulf of Mexico oil spill is "substantively unfair" and approval of the ...

MarketScout Expands Private Client Services, Hires New Executive Leadership

MarketScout, the national electronic insurance exchange and specialty MGA with headquarters in Dallas, has expanded its nationwide ...

House Passes Republican Farm Bill Without Food Stamps

House Republicans passed a five-year U.S. farm-policy bill that retains subsidies to farmers and strips out food-stamp spending, costing it ...

Bipartisan Senate Megabank Bill Would Split Banking from Insurance, Other Risks

A small bipartisan group of U.S. senators on Thursday introduced legislation that would break up Wall Street's megabanks by separating ...

From MyNewMarkets.com MarketScout: Commercial, Personal Lines Rates Rise; New Insurers Eye HNW Space

Increases for commercial property/casualty insurance rates in the United States were again about 5 percent during June, the fourth straight...
Carrier Management

Insurance Regulators Brace For UBI, Other Tech-Related Issues

Should auto insurers be able to monitor the sleep patterns of their policyholders? The question is not as far-fetched as...
New digital book reviewing ISO's major changes to its key commercial lines coverages - from Academy of Insurance
East

Ex-Penn State President Spanier Files Notice to Sue Louis Freeh

Former Pennsylvania State University President Graham Spanier filed notice of plans to sue Louis Freeh, the former FBI director whose ...

Rhode Island Plans Crackdown on Uninsured Drivers

Rhode Island officials are planning a crackdown on drivers whose vehicles aren't insured. Lawmakers have sent a bill to Gov. Lincoln Chafee ...

New Jersey Report Links Corrupt Doctors to Drug Abuse

The buzz came mostly by word-of-mouth but also from flyers circulated among New Jersey's homeless Medicaid recipients and drug addicts. It ...

Sandy-Damaged Homes in New Jersey Starting to Be Leveled

Along the New Jersey shore this year, the sounds of summer include earth-moving equipment still cleaning up the devastation wrought last ...

GEICO to Host Job Fairs for Adjusters in Philadelphia, Pittsburgh Next Week

Auto insurer GEICO said it will host two job fairs for auto damage adjusters in Pennsylvania on July 16 and 18. On Tuesday, July 16, the ...
Midwest

Missouri Governor Signs Bill Replenishing Disabled Workers Fund

Missouri Gov. Jay Nixon has signed legislation raising charges on businesses to replenish an insolvent state fund that provides benefits to ...

Hylant Promotes O'Donnell to Global Practice Executive

Toledo, Ohio-based insurance brokerage, Hylant, recently promoted Kevin O'Donnell to Global Practice Executive (GPE). He is based in ...

Indiana Melon Growers Face New FDA Rules after Salmonella Outbreak

Southwestern Indiana's melon growers are facing new federal regulations following last year's salmonella outbreak that killed three people ...

26 Motorcyclists Killed on Minnesota Roads This Year

The year so far has been a deadly one for motorcycle riders in Minnesota. The state Department of Public Safety says 26 motorcyclists have ...

Wellmark to Close Subsidiary in Sioux City, Iowa

Iowa's largest health insurer is closing its Sioux City office and eliminating more than 100 local jobs. Wellmark Blue Cross & Blue Shield ...
Southeast

Georgia Regulators' Meals, Golf Paid by Insurance Agents Under Scrutiny

Georgia's top insurance regulator and two senior staffers accepted $100-per-head meals and, in one case, a round of golf last month funded ...

Florida Consumer Advocate to Review Insurers' Homeowners Claims Handling

Florida's insurance consumer advocate is launching a group to look at how insurance companies are handling claims from homeowners. Robin ...
South Central

Insurance Committee Chairman Named CEO of Louisiana Health Cooperative

Louisiana Health Cooperative Inc. has a new chief executive. The company this week named state Rep. Greg Cromer, a Republican representing ...

Louisiana Woman Faces Murder Charge in Arson-for-Insurance Scheme

A woman accused of igniting a deadly bakery fire in Gretna, La., last month is facing murder charges after authorities said she torched her ...

HCC Insurance Holdings Names Srinivasa as Chief Information Officer

Houston-based HCC Insurance Holdings Inc. announced that Parthasarathy Srinivasa has joined HCC as senior vice president and chief ...

Regulators Fine Fayetteville, Arkansas Builder Over Worker's Death

Federal safety regulators have fined a construction company for the death of a worker at a Fayetteville, Ark., apartment complex. The ...
West

San Bernardino Bondholder, Insurer Support Bankruptcy Filing

San Bernardino should be allowed to stay in bankruptcy, bond insurer Ambac Assurance Co. and a bondholder owed $50 million said in court ...

President Signs Disaster Declaration For Montana Floods

President Barack Obama has signed a disaster declaration making federal money available to help the state, local and tribal governments ...

Meteorologists Warn Of Wyoming Burn-Area Floods, Slides

Meteorologists are warning of possible flash floods and mudslides in many of the areas burned by Wyoming's numerous wildfires last year. ...

Arizona Governor Asks Obama to Declare Yarnell Fire Disaster

Arizona Gov. Jan Brewer wants President Barack Obama to declare the area around the Yarnell Hill fire a disaster area. Brewer sent a letter ...

Wildfires, Hail Take Toll on Colorado Homeowners Insurance

It's safe to say there's a lot going on in the homeowners insurance scene in Colorado, where homeowners insurance rates are likely to be on ...

California Department of Insurance Settles with Zurich over Workers' Comp

The California Department of Insurance announced a settlement with Zurich American Insurance Co. and Zurich American Insurance Co. of ...

Kaufman Financial Taps Brady To Lead Burns & Wilcox Brokerage

The Kaufman Financial Group named Denis Brady president of Burns & Wilcox Brokerage, an independent business unit that will be solely ...
International

Taiwan Braces for Direct Hit as Typhoon Soulik Approaches

Taiwan is bracing for a direct hit by Typhoon Soulik early tomorrow, prompting precautionary evacuations due to the risk of landslides, and ...

Heavy Rains Cause Major Floods, Mudslides in China: AIR Worldwide

AIR Worldwide reports that "days of heavy rain across the mountainous Yunnan and Sichuan provinces of southwestern China have caused ...

Swiss Re in Talks with Phoenix on Admin Re Merger

Swiss Re Ltd., the world's second- biggest reinsurer, said it's in preliminary talks about combining its Admin Re business with Phoenix ...

New China Life Falls as Zurich Insurance Sells Shares

New China Life Insurance Co. fell by the most in almost a year in Hong Kong after Zurich Insurance Co. sold 97.5 million shares in the ...

Best Places Torus Insurance and Subs Ratings under Review/Negative

A.M. Best Europe - Rating Services Limited has placed under review with negative implications the financial strength rating (FSR) of 'A-' ...

Lloyd's Insurer Advent Names Fitzgerald as CEO

Lloyd's insurer Advent has named Nigel Fitzgerald as chief executive officer. The company said the appointment completes his planned ...
New digital book reviewing ISO's major changes to its key commercial lines coverages - from Academy of Insurance


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Geneva Association's Secretary General John Fitzpatrick on Systemic Risks, Nat Cats, ILS and Cyber Risks

The Geneva Association's studies and reports are now an important part of the dialogue between...
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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

Removing a Named Insured
Posted: Fri Jul 12 -- Can a the first named insured remove another named insured with only the signature of the first named insured? This is a debate I have seen... ishootfriendlies
Medical malpractice for all states
Posted: Fri Jul 12 -- I can help you with this. How shall I contact you? MedMal Man
Life Insurance Companies for Independent Agents?
Posted: Thu Jul 11 -- Thanks ishootfriendlies, I just called them but they are Brokers. I am actually looking for direct contact with the carriers so I avoid all... manny79
The Age Old Question-How much to split
Posted: Thu Jul 11 -- Aside from the low production, I will try to answer your question from the point of view of an agent who was at an agency not too long ago... ILguyonown
Applied Underwriters / Equity Comp
Posted: Thu Jul 11 -- Does anyone have experience they could share (good or bad) with Applied's Equity Comp product? This would be the standalone WC product for... SFINS
National Agents Alliance? Legit or Keep Away?
Posted: Wed Jul 10 -- This sounds like a MLM. Did not read every post, but when people who are in the company responds to the question "Is this an MLM?" by saying... ishootfriendlies
Insurance Noodle vs. Superior Access vs. Agent Secure
Posted: Wed Jul 10 -- I have done research looking for a network/cluster for my agency. We are 4 years old, located in New York City with over $20mm in premium.... mschwartz
Opt Out Info for Marketing Email Solicitations
Posted: Mon Jul 8 -- If you are a Florida licensed agent, CSR or appraiser and you are sick to death of getting hundreds of email solicitations from every... Lcan250
buying commercial lines leads...
Posted: Mon Jul 8 -- Waste.of.money Big Dog

Reader Comments

Employer Health Insurance Mandate Delayed Until 2015
Posted: Fri Jul 5 -- Field Museum is spectacular. You've seen pieces of it in movies, for sure. Glad to hear she had a nice time. Yes, Sue the T-rex is... Captain Planet
In Past Decade, World Experienced Unprecedented Climate Extremes: WMO
Posted: Fri Jul 5 -- Global Warming is taking place on Mars too. Haven't Libby and all the other low information posters looked at the scandals of climategate... water bug
House May Split Food Stamps from Rest of Farm Bill
Posted: Wed Jul 10 -- Say it with me Republicans - 'NON-STARTER'! Quit pandering and get something done already. And to Huh! - I think you mean Big Ag and... Captain Planet
Lawsuit Filed Over Utah Boy's Falling Tombstone Death
Posted: Mon Jul 8 -- Nice story. Who in the world is Erickson and why do we care what he has to say? Baxtor
States Brace for Web Barrage When Obamacare Goes Live Oct. 1
Posted: Fri Jul 5 -- Actually Agent, I have never said I thought Obamacare was the right approach. Just that it's the only approach anyone has been able to get... Libby

Current Issue

July 1, 2013
Current Issue
The Disaster Issue: Flood, Earthquake, Windstorm, Terrorism, Cyber Attack & More; Commercial Auto (Including Taxis, Limos & Fleets); Digital Product Guide; Bonus: The Florida Issue (Special Supplement)

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