Daily Headlines: Thursday, March 22, 2012

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March 22, 2012 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Legality of Employers Asking Job Applicants For Facebook Passwords Questioned In their efforts to vet job applicants, some companies and government agencies are going beyond merely glancing at a person's social ... Best Puts The Hartford and Subs Ratings Under Review A.M. Best Co. has placed under review with developing implications the issuer credit rating (ICR) of "bbb+" and the debt ratings of The ... Paulson Says Hartford’s Plan Is Just ‘A First Step’ John Paulson, a billionaire hedge fund manager and the largest shareholder of The Hartford Financial Services Group, says the company's ... Hartford Moving Closer to Its P/C Roots But Not Severing All Life Ties The Hartford Financial Services Group Inc., under pressure to boost its stock price from hedge fund manager John Paulson, said it would get ... 6 Ways Supreme Court Could Rule on Healthcare Law The Supreme Court has several options in ruling on President Barack Obama's health care overhaul, from upholding the law to striking it ... Brokerage’s Strategy Could Redefine ‘Customer’ in Securities Arbitration Cases A series of victories by Morgan Keegan & Co. is calling into question who can be considered a "customer" in securities arbitration ... U.S. Treasury’s Geithner Put on Spot for Delayed Insurance Report A Republican Congresswoman took an opportunity during a hearing on Tuesday to ask U.S. Treasury Secretary Timothy Geithner why the Federal ... HCC Insurance Holdings Names Burke as Chief Operating Officer HCC Insurance Holdings Inc., headquartered in Houston, appointed William N. Burke to serve as executive vice president and chief operating ... 5 Startup Businesses Agents Should Watch It hasn't been the best of times for America's Main Street businesses. Often facing overwhelming competition from big box stores, many small... More National News East N.Y.-based Guy Carpenter CEO Moczarski to Take On Additional Role Marsh & McLennan Companies Inc. said Alexander Moczarski, CEO of Guy Carpenter, has assumed the additional role of chairman at Marsh & ... Penn State to Cover Subpoenaed Employees’ Expenses Penn State says it will reimburse the legal expenses of employees who received subpoenas from state attorneys prosecuting the ... N.Y. Agency Groups Will Not Appeal Compensation Disclosure Ruling It looks like the courtroom battle has ended for the New York State's broker compensation disclosure regulation. Earlier this month, the ... Goldman Sachs Eyes Financial Guarantee Insurance Market: Report Famed investment banking and securities firm Goldman Sachs is planning to get into the financial guarantee insurance market, according to a ... Convicted Penn. Chiropractor Wants Iraqi Money Returned A chiropractor convicted of setting the fire that destroyed his practice and three other businesses wants the federal government to return ... More East News Midwest Organizational Changes for Ohio’s American Financial Group American Financial Group, an insurance holding company headquartered in Cincinnati, Ohio announced the promotions of Vito C. Peraino and ... Henryville in Recovery Mode; School Wins Lady Antebellum Show The southern Indiana town of Henryville has moved into the long recovery phase from March 2 tornadoes that devastated the community, and ... More Doubts Emerge About Illinois Prison Guard Comp Claims Some Illinois prison guards who received workers' compensation settlements had only mild carpal tunnel syndrome in their wrists or similar ... United Fire Says Losses from Storms May Be in $13M to $16M Range United Fire Group Inc., headquartered in Cedar Rapids, Iowa, announced that it expects its first-quarter results through March to include ... More Midwest News Southeast Florida Tax-Credit Plan to Shore Up Cat Fund Raises Questions A Florida plan to sell insurers and financial institutions state premium tax credits to help fund the state's homeowners' reinsurance ... Main Street America Group Names Four New Officers The Main Street Group has elected four new officers at the insurer's recent annual policyholders meeting. Mark Friedlander has been named ... Florida Delays Employee Drug Testing Pending Legal Challenge Florida Gov. Rick Scott's top lawyer has advised state agency heads to hold off on testing their employees for drugs under a new Florida ... Kentucky Lawmakers Working on Tax Break for Tornado Victims Leaders of both parties in the Kentucky Legislature are working together to provide sales tax relief to residents of the 21 counties ... More Southeast News South Central No Push Back on Allstate Rates by Texas Insurance Regulators Homeowner insurance rate hikes filed in Texas by Allstate Insurance in December 2011 have passed muster with Texas insurance regulators. ... Texas’ 2011 Drought Costliest in State History, Researchers Say Texas agriculture producers lost $7.62 billion to the state's 2011 drought, which experts said makes it the costliest drought in the ... The Kirksey Agency Joins Louisiana Agency Partners Louisiana Agency Partners (LAP) announced that The Kirksey Agency in West Monroe, La., has become the 12th member agency of the ... Tornadoes Injured at Least 8 in San Antonio Area Officials say at least two tornadoes in the San Antonio area on March 20 damaged about 30 structures and injured at least eight people. ... More South Central News West Measure Limiting Asbestos Liability Clears Idaho Senate Bottle-cap maker Crown Holdings might want to pop the top off a celebratory bottle, after a bill to limit its asbestos liability in Idaho ... Washington Lawmakers Vow To Push Abortion Insurance Bill Democratic lawmakers said Tuesday that they will try to pass a bill during the current special session requiring insurers who cover ... Willis North America Adds to Personal Lines in Northern California Willis North America, a unit of Willis Group Holdings, named Max Gilman regional operations officer in Willis Personal Lines Practice in ... Idaho House Lawmakers Pass Texting-While-Driving Ban After several tries and frustrating setbacks, Idaho is set to join the majority of states that have toughened laws against sending text ... Jury Awards Northern California Woman $22M in Medical Suit A jury has awarded a Menlo Park woman $22 million in damages in her medical malpractice lawsuit against the Palo Alto Medical Foundation. ... Family of Los Angeles Gang Member Awarded $3M In Lawsuit The family of a gang member who died in Los Angeles police custody in 2007 has been awarded more than $3 million in a wrongful death ... Ascension Names De La Rosa Senior Vice President Walnut Creek, Calif.-based Ascension Benefits & Insurance Solutions named Jani De La Rosa senior vice president. De La Rosa will be ... More West News International Chevron, Transocean Charged in Brazilian Oil Spill A Brazilian federal prosecutor filed criminal charges on Wednesday against Chevron and drill-rig operator Transocean for a November oil ... CNA Inks Deal to Acquire Hardy Underwriting for $227 Million Chicago-based CNA Financial Corporation and Hardy Underwriting Bermuda Limited announced that they have agreed to terms on a cash ... Ratings Recap – Notes, Pref. Shares: Swiss Re, Fairfax, AXIS, Munich Re A.M. Best Co. has assigned a debt rating of "a+" to the recently issued CHF 320 million [$350 million] 7.25 percent perpetual ... More International News Sponsored Content Insurance Journal now available on the iPhone - Download it free today! More Sponsored Content Join the Insurance Journal Network Insurance Journal TV Claims Rising for Private Company, Non-Profit D&O Coverage Private company and non-profit D&O coverage is often seen as very profitable for carriers... Watch Now Should D&O Cover Bribery? Director and officers liability coverage is increasingly being called up to respond to cases... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Business Loss - Travel Insurance Posted: Thu Mar 22 -- I know one company which is exact matching with your requirement. This company is in New York,namely SCS Insurance Inc. I have bought my... scsinsurance Home insurance, Day care Posted: Thu Mar 22 -- No , I'm just looking for Home owners insurance, HO-3 or HO-5 for some who has home day care in their home. JAM AZ Home "Flipper" Insurance Coverage Needed Posted: Thu Mar 22 -- If you need a mortgage insurance, houses sold less than 90 days after they were purchased aren't eligible for FHA mortgage insurance; those... robmejia Lessor Risk liability vs tenant liability Posted: Wed Mar 21 -- When seeking for a lessor risk policy for our customers most applications ask for tenant to carry liability. Insured says yes tenant carries... trotter CIBA Insurance purchasing group...Help Posted: Wed Mar 21 -- If anyone in the Midwest or South is experiencing issues with CIBA renewals, please share. Word on the street has been that this program was... jimmyr1978 RV Rental for Dealership Posted: Wed Mar 21 -- If you are a member of your PIA (Professional Insurance Agents Association), you can phone them up (or email) and typically they hold a list... dm307799 Go to Forums Reader Comments Michigan Catastrophic Injury Premium to Go to $175 Per Car Posted: Mon Mar 19 -- The MCCA is a joke. How about everyone in Michigan take some personal responsibility and purchase health & disability coverage, and then cap... DAN 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 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 Cost of Obama Healthcare Law Lowered Under Latest Congressional Analysis Posted: Sat Mar 17 -- Since this article did not match what many others are reporting, I decided to go to the source and viola...ObamaCare will cost $1,762... Elena Mississippi Supreme Court Denies Appeal In Road Sign Case Posted: Tue Mar 20 -- This is a sad case but sometimes people are hurt in "accidents" that were not the fault of someone else. hmmmmmmm Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue Hot New Markets; High Risk Property; Corporate Profiles; 2011 Mergers & Acquisitions Summary Report March 19, 2012 More Newsletters Choose Newsletters Daily Headlines Weekly Reader Picks Magazine Update Insurance Journal TV Classifieds Breaking News MyNewMarkets Daily Claims Daily Enter Your E-mail Market Directories Excess & Surplus Markets Programs Workers' Comp Markets New Insurance Jobs Chief Property Officer Claims Service Representative II Property & Casualty Insurance Bilingual Underwriter New Business Underwriter - Travel in New York and New Jersey Have a job opening? List it on our Web site. 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