Monday, March 19, 2012

Daily Headlines: Monday, March 19, 2012

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Insurance Journal Daily Headlines
March 19, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Supreme Court Readies for Healthcare Debate

Death, taxes and now health insurance? Having a medical plan or else paying a fine is about to become another certainty of American life, ...

Aon Shareholders Approve Domicile Move to London

Aon Corporation announced that its stockholders voted overwhelmingly in favor of the proposal to approve the previously announced change in ...

Cost Containment Tops Employer Concerns on Workers’ Comp: Survey

Controlling workers' compensation costs is a top priority for employers. During the next 12 months, employers say cost containment is their ...

From MyNewMarkets.com Commercial Lines Pricing Up for 4th Straight Quarter

Commercial insurance prices increased an aggregate 3 percent during the fourth quarter of 2011, the fourth consecutive quarter during which...
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East

New York Mets Owners Settle in Madoff Case, Avoid Trial

The owners of the cash-strapped New York Mets baseball team agreed to pay $162 million to settle a lawsuit by the trustee seeking money for ...

Va. Woman Faces Maximum of 303 Years in Prison for Healthcare Fraud

A Richmond, Virginia, woman has been convicted on 35 counts of health care fraud and other charges. Federal prosecutors say a U.S. District ...

N.Y. Reaches Settlement With Insurer on Lead Screening

New York Attorney General Eric Schneiderman says his office has reached a settlement with Excellus BlueCross BlueShield that requires the ...

Insurance Center of New England Names New CEO

The Insurance Center of New England, an independent agency headquartered in Massachusetts, promoted William Trudeau to the position of ...
Midwest

Missouri Governor Vetoes Discrimination, Workers’ Comp Bills

Missouri Gov. Jay Nixon has vetoed for the second consecutive year legislation that would have changed rules for lawsuits alleging ...

Michigan Catastrophic Injury Premium to Go to $175 Per Car

Michigan drivers will pay $30 more for auto insurance starting July 1 to care for accident victims who have brain damage, paralysis or ...

Des Moines Exec Sent to Prison for Workers’ Comp Fraud

The owner of a Des Moines firm that provides companies with temporary employees has been sentenced to nearly five years in federal prison ...
Southeast

Mississippi Workers’ Comp Chief Aims to Balance Costs, Fair Treatment

As chairman of the Mississippi Workers' Compensation Commission, Liles B. Williams oversees the work of an agency that receives reports of ...

Florida Battles Over Beach Erosion, Costs of Replenishment

The St. Joseph Peninsula is picture-perfect Florida: 17 miles of sugar sand beach interrupted by a few clusters of homes, each with a ...

Court Allows Suspension of Cardinal Health’s Florida Shipping Center

A U.S. appeals court allowed the government to suspend Cardinal Health Inc.'s license to distribute potentially addictive drugs from a ...

West Virginia Passes Mine Safety Measure

West Virginia will update its mine safety laws in the wake of the worst U.S. coal mining disaster in four decades. The House of Delegates ...
South Central

Payout of Louisiana Citizens Insurance Judgment Blocked Again

A state appeals court has blocked policyholders of Louisiana Citizens Property Insurance Corp. from collecting more than $100 million for ...

Ex-LSU Football Star Sues Over Insurance Policy

A former Louisiana State University football player is suing his ex-financial planner for allegedly obtaining an inadequate insurance ...

Texas Company Fined $164K for Safety Violations

The U.S. Department of Labor's Occupational Safety and Health Administration has cited Houston-based IFCO Systems North America Inc. with ...
West

Judge in California Oks Honda Mileage Settlement

A judge approved a settlement Friday to give owners of Honda Civic hybrids up to $200 each over claims that the fuel economy of the cars ...

First Big Piece Of West's ‘Electric Highway’ Gets Juice

Following a trail blazed by Indians and pioneers in covered wagons, electric car drivers hit the road Friday to inaugurate the first major ...

Fire Captain in California Convicted Of DUI Made Alcohol in Jail

A former Long Beach, California fire captain convicted of drunk driving has been sentenced to four years in state prison for violating his ...

Stoned Driving Epidemic In Colorado, Washington Puts Wrinkle In Pot Debate

Angeline Chilton says she can't drive unless she smokes pot. The suburban Denver woman uses medical marijuana to ease multiple sclerosis ...

Auto Insurance Discount Initiative May be Gaining Bipartisan Endorsement

The backers of an automobile insurance persistency initiative are making steps to gain bi-partisan support for their proposition, which is ...
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International

IMF Head Sees Global Economy on Recovery Path, but Risks Remain

The global economy has stepped back from the brink of danger and signs of stabilization are emerging from the euro zone and the United ...

Tropical Cyclone Lua Hits Northwest Coast of Australia as Cat 4 Storm

Following earlier predictions, tropical cyclone Lua came ashore on Australia's northwest coast, the "Pilbara" coast, as a strong category 4 ...

Venezuelans Threaten Mass Lawsuits for Faulty Breast Implants

Some 2,000 Venezuelan women are threatening to sue doctors, private clinics and distributors for faulty PIP breast implants if they do not ...

Development Bank Plans Natural Disaster Fund for Latin America

The Inter-American Development Bank has proposed allowing member countries to tap loans in case they need to respond to natural disasters, ...

A. J. Gallagher Acquires Canadian Broker BenefitLink Resource Group

Arthur J. Gallagher & Co. announced the acquisition of BenefitLink Resource Group, Inc., in Calgary, Canada. Terms of the transaction ...

Blunt to Head New Sportscover Specialty Lines Division

Lloyd's insurer Sportscover - Syndicate 3334 - announced that "as part of its continuing diversification into specialist areas of ...

HDI-Gerling UK Appoint Blanco as International Liability Underwriter

Industrial Insurance Company HDI-Gerling, which is based in the UK, has appointed James Blanco to the position of Senior Liability ...

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New Discussions in the Forums

Good company for Coast to Coast Truck Drivers
Posted: Thu Mar 15 -- Hello! I am an independent agent in Philadelphia PA. Can anyone recommend good insurance company for truckers (vehicle liability, physical... curve_1
EIFS coverage homes & commercial buildings/FL
Posted: Thu Mar 15 -- these building risks have existing EIFS which makes obtaining coverage in SW FL difficult... Thank you haharem
Partnership Questions
Posted: Wed Mar 14 -- Taylyn, we opened an IA after being a captive for 22 years- we elected to go with an SIAA relationship - we went with them because of... William Graham
workers compensation in Ca
Posted: Tue Mar 13 -- We can write them with Companion. 25K MP and need to be pretty clean from a loss standpoint. NorthernStar1
Farmers - Loss Runs - Fax NumbeR?
Posted: Tue Mar 13 -- I don't know what state your agency is located, California, "REQUIRES BY CODE" loss runs be sent to an insured within 10 days of the request... CSP
Meals on wheels - insured with Farmers currently
Posted: Sat Mar 10 -- hi ladybroker Thanks for your responses.. and everyone else as well.. Philadelphia seems to be the market to take this on. Well.. it turns... meytai
claims question
Posted: Fri Mar 9 -- I was wondering if a decision regarding your query has already been made and if you were held liable? If I was the tenant and knowing you... robmejia

Reader Comments

Administration Issues Rules for State-Run Health Insurance Exchanges
Posted: Tue Mar 13 -- Hopefully, these exchanges will not go into force if we get repeal through either the Supremes or the new President. Mike
'Super Losses' in Healthcare Sector Growing in U.S.: Hiscox
Posted: Tue Mar 13 -- How about some Tort Reform? There is no way they should be having awards like this. It is a big factor in the cost of healthcare and all... Agent
New York's Cardinal Urges 'Freedom of Religion Battle'
Posted: Tue Mar 13 -- You are attempting a false comparison. Abortion and use of contraceptives (be they employed by a woman OR a man) run counter to the... Papa Chubby
Pennsylvania Guard Suspended Over Insurance Fraud Charges
Posted: Thu Mar 15 -- I am begining to think that the Fed should establish a new economic indicator to judge the condition of our economy. I believe the health of... Cheetoh Mulligan
RIMS Commends N.Y. Broker Compensation Disclosure Ruling
Posted: Thu Mar 15 -- RIMS is such a perfect acronym for that group of elitist blowhards that have no idea what 99% of licensed small agents and brokers do... Not Yank Ken U Chain

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