Jul 3, 2013

Daily Headlines: Wednesday, July 3, 2013

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Insurance Journal Daily Headlines
July 3, 2013
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Insurers, State Regulators Try to Block Bank-Like Rules by Federal Reserve

MetLife Inc. and Prudential Financial Inc. have been joined by state regulators challenging the Federal Reserve on how to oversee the ...

Employer Health Insurance Mandate Delayed Until 2015

The Obama administration will delay a crucial provision of its signature health care law, giving businesses an extra year to comply with a ...

Prudential Will Appeal SIFI Designation; AIG, GE Will Not

Prudential Financial Inc., the No. 2 U.S. life insurer, is contesting a U.S. finding that it poses a potential risk to the financial ...

Court Asks Former FBI Director Freeh to Probe BP Claims

Former FBI Director Louis Freeh will investigate possible misconduct by a lawyer involved in making payments to settle claims by people and ...

Agri-Groups Urge New House Vote on Farm Bill

Hundreds of U.S. farm and agribusiness groups have urged Republican leaders in the House of Representatives to try again to pass the $500 ...

Zurich's Broker Relationship Leader Moves to Berkshire Hathaway Specialty

Berkshire Hathaway Specialty Insurance -- the new commercial P/C insurance unit of Berkshire Hathaway -- appointed Lori Spoon Rafkin as ...

From MyNewMarkets.com Fireworks Insurance Explodes for the Fourth

When agent Tami Towne of Nebraska-based Ryder Rosacker McCue & Huston Insurance Services went prospecting for new business 10 years ago,...
Carrier Management

Job Applicants Posting About Alcohol Use On Facebook May Be Good Hires, Study Says

Employers are increasingly using Facebook to screen job applicants and weed out candidates they think have undesirable...
Great American Insurance Group, Demotech and Vertafore. Want News on the Go? Insurance Journal now available on the iPhone, Android and Kindle Fire - Download it free today! Click here for more information.
East

Erie Insurance Offers Safety Tips for July 4th Outdoor Parties

Seven in 10 Americans who plan to celebrate the 4th of July this year will attend a barbecue, cookout or picnic, according to the National ...

NICB Report Ranks Vehicle Theft Rates in Northeast

The National Insurance Crime Bureau released its report last week on a per capita review of vehicle thefts from the nation's Metropolitan ...

Former Claims Manager for N.J. Turnpike Authority Faces Fraud Charges

Federal prosecutors say a former claims manager for the New Jersey Turnpike Authority stole more than $120,000 from the agency through ...

Vermont Quadriplegic Awarded $43.1M After Crash

A 51-year-old Vermont woman has been awarded a $43.1 million jury verdict against the manufacturer of a car seat that allegedly collapsed ...
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Midwest

Lockton Adds 3 in Chicago Office

Three new professionals have joined Lockton in Chicago, adding a range of property/casualty and employee benefits expertise to the ...

Daycare Operators Prepare for Tougher Indiana Rules

Childcare providers across Indiana are scrambling to find money to pay for broader criminal background checks of employees and educate ...

Wisconsin Governor Vetoes Health Insurance Tobacco Surcharge

Wisconsin Gov. Scott Walker has vetoed his own plan to charge state workers more for health insurance if they smoke. Walker's executive ...

Iowa's Top Insurer Delays Exchange Participation

Iowa's leading health insurer will wait a year before participating in the state's new health exchange due to concerns about problems that ...
Southeast

Alabama County Plans Site-Specific Tornado Warnings

Emergency officials in an Alabama county plan to sound tornado sirens in specific areas where storms are, and will no longer activate all ...

Florida Consortium Reaches Deal on Use of Oil Spill Payments

Gov. Rick Scott and the Gulf Consortium - a group comprising 23 Gulf Coast counties - have reached a deal for using recovery funds related ...

West Virginia Secretary Fired Over Facebook Wants Case in State Court

A secretary who says she was fired over a Facebook posting made on her own time and at her home computer wants her wrongful discharge ...
South Central

LWCC Promotes Risley, Vigé to Managers

Louisiana Workers' Compensation Corp. (LWCC) has announced two new promotions: Angie Risley is now the manager of financial reporting, and ...

Number of Poor State Bridges Dropping in Oklahoma

A new study shows Oklahoma ranks among the worst states in the nation for its total number of structurally deficient bridges, but Oklahoma ...

Sites of 2 Deadly Louisiana Plant Explosions Still Closed

Plants that were the sites of two chemical explosions a day apart in south Louisiana remain closed, and it could be months before federal ...

Moore, Oklahoma Council Tables Storm Shelter Requirement

The Moore City Council in Oklahoma has tabled a proposal that would have required storm shelters for houses, apartments, mobile homes and ...
West

Southern California Painter Awarded $58M For Bar Beating

A 43-year-old house painter so badly brain damaged that he cannot speak has been awarded $58 million for a beating in a bar that left him ...

Personal Data Of 2.5M People Compromised In California

Data breaches put the personal information of 2.5 million people in the California at risk, according to a report released Monday. State ...

Fire Restrictions Take Effect As Wyoming Dries Out

Wyoming hasn't had any big wildfires so far this year but several weeks of warm, dry weather have led to the state's first widespread fire ...

Lien Fees Working Out in California Workers' Comp

Jason Molnar makes a living deep in the trenches of workers' compensation battles in California, so you'd think when there was a no show ...

State Fund Begins Distributing $100M Dividend

California's State Compensation Insurance Fund will begin issuing $100 million worth of dividend payments to eligible policyholders in ...

SCM Names Melbon Executive Vice President of Employee Benefits

SullivanCurtisMonroe named John E. Melbon executive vice president of the employee benefits division. Melbon has held senior level ...
International

In Past Decade, World Experienced Unprecedented Climate Extremes: WMO

The world suffered unprecedented climate extremes in the decade to 2010, from heatwaves in Europe and droughts in Australia to floods in ...

China-Style Eldercare: Kids Can Be Sued For Not Visiting Parents

What are elderly parents to do when their children no longer bother to visit? In China, there's a new answer: sue the kids. That's what ...

'Unusually Active' El Nino Possibly Linked to Climate Change: Researchers

The El Nino weather pattern that can bring drought to Australia and rain to South America was "unusually active" at the end of the 20th ...

Ironshore Names Horton VP at Iron-Starr Excess Agency in Bermuda

Ironshore Inc. has promoted Steven Horton vice president, Financial Lines Manager, within Iron-Starr Excess Agency Ltd., based in Bermuda. ...

Markel International Names Tun Senior Claims Adjuster

Markel International Limited has appointed Esther Tun as a senior claims adjuster. Tun joins Markel International following earlier ...
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

High Mod Residential Roofer - KS, Western
Posted: Tue Jul 2 -- I know this is going to be tough. I have a customer who is a residential/commercal roofer in western Kansas. His mod jumped to 1.6 and I... Halpert
1st Year as a Producer Stories
Posted: Tue Jul 2 -- Thats goodthanks for sharing manny79
National Agents Alliance? Legit or Keep Away?
Posted: Tue Jul 2 -- I've been with NAA for about a year, but I knew what I was getting into when I joined. I don't buy a lot of leads, but I'm mostly in it for... 92builder
Workers Comp (Ca) Auto Repair with large loss
Posted: Mon Jul 1 -- Hi Paul, I may have a solution for you other than SCIF. Feel free to contact me direct. Gino Saracho National PEO Brokers 4356 Lindsey... gsaracho
non compete clause
Posted: Mon Jul 1 -- I would not solicit anyone that you had on the books for one year. If family and friends do not wish to be with him and ASK YOU to write... 92builder
Question regarding my universal life insurance policy !
Posted: Sun Jun 30 -- Great responses. It's clear we've all seen this before. The problem I've seen with UL policies is that the client goes for that low premium... 92builder
Agency Management System
Posted: Wed Jun 26 -- I am an agent doing primarily commercial auto and trucking. We are using a system called NowCerts.com We love it. Mainly because it costs us... RigQuote
New independent agency
Posted: Tue Jun 25 -- E&O was the hardest thing for me to do as a start up (besides appointments). It can cost a new agency like $2000+ I say start looking there. shiftins
How to obtain release of liablity
Posted: Fri Jun 21 -- what type of liability you are talking about? auto, home insurance? Remove her from your policy since you divorced and let her to get her... pecosins

Reader Comments

Hobby Lobby Wins Round in Fight Against Contraceptive Coverage
Posted: Fri Jun 28 -- Good grief! What's next? Sam Walton goes to church so Walmart is exempt? These two companies, Hobby Lobby and Mardel, are for-profit... Libby
Supreme Court Limits Workplace Harassment, Retaliation Claims
Posted: Wed Jun 26 -- Just makes it harder for the Employee to get "justice." Employers have always had a much stronger lobby, more money and much more legal... Jeff Weiss
Wal-Mart, Gap, Other U.S. Brands Ready $50M Bangladesh Safety Fund: WSJ
Posted: Thu Jun 27 -- Does Wal-mart and these other companies own these foreign factories? If so, they have an obligation to keep them safe. If they do not and... Baxtor
Lawyers Feast on 'Crazy' BP Gulf Oil Spill Claims
Posted: Tue Jul 2 -- To: Big Brother - you listening to this? Sounds like actionable intelligence for disbarrment & prosecution for fraud. InsGuy
Obama Administration Issues Contraceptive Rule For Faith-Based Employers
Posted: Tue Jul 2 -- It looks like you have given Metric Ron plenty of metrics Sargeant. I am sure he will have some of his leftist metrics to try to refute your... Agent

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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