Sep 12, 2013

Daily Headlines: Thursday, September 12, 2013

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

Today's Headlines

National

Will Third Time Be the Charm for National Producer Licensing Bill?

Will the third time be the charm? Insurance groups and lobbyists in Washington are hoping so, after the House of Representatives this week ...

Crop Insurance Critics, Defenders in Last Push Over Reforms

Critics of the U.S. crop insurance program are calling for cuts to it and other agribusiness subsidies as Congress revamps farm policy. A ...

Sen. Warren Renews Call to Restore Glass-Steagall Walls Between Banks, Insurers

U.S. Senator Elizabeth Warren said banks remain too big to fail even amid the progress that has been made on financial regulation since the ...

Berkshire Hathaway Specialty Names VP of Claims, Executive & Professional Lines

Berkshire Hathaway Specialty Insurance -- the recently launched commercial P/C insurance unit of Berkshire Hathaway -- continues to boost ...

Preparedness Webinar Draws on 9/11, Sandy to Deliver Message

September is National Preparedness Month, and choosing the well-remembered Sept. 11 date to launch a series of preparedness webinars may ...

From MyNewMarkets.com 101 Sales & Marketing Ideas for Agencies

Insurance Journal has listened to readers, spoken with experts, combed through columns and articles and even searched outside insurance...
Carrier Management

Workaholics Don't Let Up Even Though They Understand Health Risks

Working overtime may cost you your health, according to a Kansas State University doctoral researcher. Sarah Asebedo,...
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East

Mass. Diocese Agrees to $60M Settlement With Insurer Over 2011 Tornado Damages

The Roman Catholic Diocese of Springfield has agreed to a $60 million settlement with its insurer for damage done to a parochial high ...

New York to Opt Out of New Rules for Universal Life Insurance Policies

New York State's financial-services regulator said rules adopted by state watchdogs for some life insurance contracts failed to boost ...

N.J. High Court to Weigh Alcohol Test Reliability in Drunken Driving Cases

Critics of the breath test used in New Jersey drunken driving cases took aim Tuesday in front of the state's Supreme Court, arguing that ...

N.J. Contractor Indicted on Charges of Providing False Insurance Certificate

A southern New Jersey man has been indicted on charges of providing a false insurance certificate and working as an unregistered contractor ...

Vermont Governor Proclaims September Preparedness Month

The Vermont Department of Emergency Management and Homeland Security is urging people to be prepared for unexpected emergencies. September ...
The history of and need for one of the fastest growing coverage segments in the insurance industry from Academy of Insurance
Midwest

Iowa Division of Insurance Launching Fraud Fighters Program

The Iowa Insurance Division has launched a new anti-fraud program to help Iowans protect their money. The program is called Iowa Fraud ...

Wisconsin Court: No Damages in Officer Death from Insurance Company

A Wisconsin appeals court says a slain police officer's widow can't collect damages from the insurance company that covered his killer. ...

Rockhill Names Goode Chief Operating Officer

Rockhill Insurance Group, based in Kansas City, Mo., announced it has hired Doug Goode as chief operating officer. Goode has more than 25 ...

Anhalt Named Sentry Senior Vice President in Wisconsin

Pete Anhalt has been promoted to senior vice president of consumer products for Sentry Insurance. Anhalt will be based in Madison, Wi. He ...
Southeast

Mississippi Shipbuilder, Insurer Settle on $180M for Katrina Damages

Huntington Ingalls Industries and its insurer have reached cash settlement for $180 million for the shipbuilder's losses from Hurricane ...
South Central

Louisiana Brewer Sued Over Mechahopzilla Beer

The Japanese company that produced the classic series of "Godzilla" movies has sued a New Orleans brewery, claiming the MechaHopzilla beer ...

Oklahoma Governor Makes Workers' Comp Team Appointment

Gov. Mary Fallin is announcing the appointment of Oklahoma Commerce Department executive director Jonna Kirschner to a transition team to ...

Capital Benefits Group in Texas Becomes a Higginbotham Company

Higginbotham and Capital Benefits Group have merged their operations, becoming what the companies believe to be the largest independent ...
West

Insurance Pros in Politics: Beth Gaines Wants More "Business-Friendly" State

Although California Assemblywoman Beth Gaines, R-Rocklin, married into the insurance business, it seems to run in her blood, because it's ...

Group Demands Change in Oregon Malpractice Law

A consumer group says Oregon needs to change its new medical malpractice law to prevent it from protecting bad doctors. Public Citizen says ...

Bill Would Require Safety Features In California Limos

Limousines that operate in California would be required to have emergency exits under legislation approved by the state Assembly in the ...

Oregon Looks At Beefing Up Health Insurance Premium Reviews

Oregon health officials are considering whether to use the state's authority to approve or reject health insurance premiums as a tool to ...

RSC Opens Professional Practices Group in California

Risk Strategies Co., a national insurance and benefits brokerage and risk management firm based in Boston, launched a new professional ...

Lockton Adds Brewers in Global Benefits in West

Lockton announced the expansion of its global benefits practice with the addition of Ron Brewer as regional practice leader of the Western ...

USI Adds Reardon in Southern California

USI Insurance Services has hired Sean Reardon as a property/casualty broker. Reardon will be working out of USI's office in Woodland Hills, ...
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International

London Police Must Repay Insurers for Riot-Damaged Sony Warehouse

London police must repay the insurers of a warehouse that held Sony Corp. goods, damaged in riots that spread through the city in the ...

Zurich Insurance Appoints de Swaan Chairman, Replacing Ackermann

Zurich Insurance Group AG named Tom de Swaan chairman, replacing Josef Ackermann, who stepped down after the suicide of Chief Financial ...

Former Zurich Chair Ackermann Quits Siemens, Refutes Influence in CFO Suicide

Josef Ackermann will step down from Siemens AG's supervisory board, two weeks after he resigned as chairman of Zurich Insurance Group AG ...

Montpelier Re Launches Risk Institute

Montpelier Reinsurance Ltd. recently launched the Montpelier Risk Institute (MRI), a virtual risk institute that will attract scientists ...
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Sponsored Content

IPFS Corporation Launches Mobile Website: www.ipfs.com

Kansas City, MO, 9/12/13 - Imperial PFS Corporation (www.ipfs.com), a leading independent provider of insurance premium financing, is ...
Insurance Journal Blogs

TRIA: To Extend or Not to Extend

Just in time for the 12th anniversary of the Sept. 11 terrorist attacks, our friends at the Cato Institute have published an interesting ...

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Insurance Journal TV

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Swiss Re's Chief Economist Sees GDP Growth

Swiss Re's chief economist Kurt Karl sees some light at the end of the tunnel for the world's...
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California Assemblyman Mixes Insurance and Politics

Assemblyman Ken Cooley, D-Rancho Cordova, started his insurance career in the 1970s working on...

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New Discussions in the Forums

Certificates of Insurance ???
Posted: Thu Sep 12 -- We have a healthy debate going here as to whether or not you should send out the supporting forms with certificates of insurance. Some of us... superdash8
Redi Mix - Midwest
Posted: Wed Sep 11 -- Anyone know of a market or program that will compete with standard carriers? I've heard Zurich has a program but can't find the contact.... Halpert
Credit Card Processing
Posted: Wed Sep 11 -- I hear Square is a really easy merchant to use. You can use it online, over the phone, and even on tablets. The amount they charge varies... ABMCalifornia
Travelers reducing commissions
Posted: Wed Sep 11 -- I hate to say it but Travelers has been on a long, slow decline for the last few years it seems. We lost our PL appointment for not writing... paulbennings
Anyone worked with Consolidated Agency Partners?
Posted: Tue Sep 10 -- I was with Superior Access and Consolidated Agency Partners prior to SIAA. I have researched 'Clusters' till I'm blue in the face! CAP... ziiqui
CA_International Retention BOND
Posted: Mon Sep 9 -- We are hoping that someone would be able to refer us to a surety that can transact with South Africa. Our CA based manufacturer is hoping to... Miguelito
Insurance agencies for sale ?
Posted: Mon Sep 9 -- Thanks I'm trying to on the East Coast for now. Thanksl CoJones
Non-for-profit Volunteer Coverge
Posted: Mon Sep 9 -- I have Non-for profit that use volunteer's to help out at various events during the year. They currently carry GL,WC D&O. In your opinion,... CoJones
Markets for HOA's
Posted: Fri Sep 6 -- Anyone know if CIG is direct appointment only or if they have wholesalers in California? I've been trying to get in touch with them but have... ABMCalifornia

Reader Comments

Poll Finds Skepticism But Suggests Healthy Young Adults May Keep Obamacare Afloat
Posted: Tue Sep 10 -- Encouraging news. I am optimistic! Libby
Quiet 2013 Hurricane Season a 'Head Scratcher' for Embarrassed Forecasters
Posted: Mon Sep 9 -- Thanks for jinxing us Insurance Journal! SFLLauren
New Jersey Court: Text Sender Can Be Held Liable in Crash
Posted: Thu Sep 5 -- I can see holding a parent responsible for a child's behaviour, but even that is ludicrous at times. Holding an employer liable for an... Huh!
Bank of America, Merrill Settle Gender Bias Claims for $39M
Posted: Mon Sep 9 -- Hallelujah!!!! Thank goodness this was a big company where I'm sure there were lots of complaints, as this would be, and is still, hard to... copperpipes
Critics Say Taxpayers' $14B Guarantees Profit for Crop Insurers
Posted: Wed Sep 11 -- Boy, Greenburg sure doesn't mind biting the hand that feeds him. Isn't he suing the U.S. Government? What a piece of work. Libby

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September 9, 2013
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