Thursday, May 24, 2012

Daily Headlines: Thursday, May 24, 2012

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Insurance Journal Daily Headlines
May 24, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Senate to Vote on 60-Day Extension of Flood Insurance Program

U.S. Sen. David Vitter, R.-La., said he and Senate Majority Leader Harry Reid, D.-Nev., have forged a bipartisan agreement to allow floor ...

How States Rank in Injury Prevention

On a set of 10 steps states can take to prevent injuries , 24 states scored a five or lower. Two states, California and New York, received ...

Risk of Major Spring Flooding Lowest in Years

For the first time in four years, no area of the country faces a high risk of major to record spring flooding, largely due to the limited ...

MetLife to Shift U.S. Business, Target Global Growth

MetLife Inc. will change `its product mix in the United States and push harder for growth in international markets to substantially boost ...

Jury Finds Google Did Not Infringe Oracle’s Patents

Google Inc.'s Android mobile platform has not infringed Oracle Corp's patents, a California jury decided, putting an indefinite hold on ...

NFL Owners’ Latest Safety Move Irks Players

The NFL's move to make thigh and knee pads mandatory equipment for the 2013 season already has drawn criticism from the guys who will have ...

Frank Crystal & Co. Launches Marine Insurance Practice

Frank Crystal & Co., an independent insurance brokerage firm, has formed an exclusive cooperation with P.L. Ferrari & Co. to launch ...

From MyNewMarkets.com Home Insurance Rates Rose 19% Nationwide in 2011: Report

Homeowners insurance premiums went up 19 percent on average nationwide, according to a report from an online insurance...
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East

R.I. Enacts New Law to Assist Homeowners With Hurricane-Related Claims

Rhode Island Gov. Lincoln Chafee on Tuesday signed into law legislation designed to provide additional protection to homeowners when they ...

Insurer to Cover Half of R.I. City’s $389K Loss Caused by Embezzlement

An insurance company has paid the city of Woonsocket, R.I., $200,000, which covers about half the money the city says it lost to ...

N.Y. Rail Workers in Disability Scam May Be Eligible for Amnesty

Long Island Rail Road retirees who faked disability claims in order to get more lucrative pensions would avoid prosecution and be able to ...

Liberty Mutual Appoints Chief Actuary for Group Benefits Operation

Boston-headquartered Liberty Mutual Insurance has appointed Brian Dunham as senior vice president and chief actuary of its group benefits ...

Maryland’s State-Run WC Insurer IWIF to Become Private Nonprofit Co.

The Injured Workers' Insurance Fund (IWIF), Maryland's state-run workers' comp insurance carrier, will become a private, nonprofit ...
Midwest

City Inspectors Faulted in Indianapolis Flooding

Investigators say May flooding that swamped one of Indianapolis' entertainment districts unfolded months after city inspectors ...

Ohio Restaurant Owner Convicted of Insurance Fraud

A southwest Ohio restaurant owner has been convicted of insurance fraud for two reported break-ins that authorities say were staged. ...

Anderson, Herman Named Officers at Utica Mutual

John M. Anderson and Steven E. Herman, Esq., have been named officers of the Utica Mutual Insurance Co., the Utica National Insurance ...
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Southeast

Mississippi Curbs AG’s Control Over State’s Legal Business

Mississippi Gov. Phil Bryant has signed a law limiting the attorney general's control of the state's legal business. The law,  House Bill ...

West Virginian Gets 18 Month Jail Term for Faking Insurance Claims

A Buckhannon, West Virginia man who admitted to defrauding insurance companies by staging vehicle accidents and filing fake claims will ...

West Virginia Coal Miner Claims Alpha Fired Him Over Safety

A coal miner who says he was fired for enforcing safety standards that slowed down both production and the sealing of the Upper Big Branch ...

Florida Readies Storm Plan for Republican Convention

Florida Gov. Rick Scott will have the final say whether to cancel the Republican National Convention in the event of a hurricane. The ...
South Central

Luttrell Elected President of Combined Agents of America

Combined Agents of America LLC (CAA), based in Austin, Texas, has a newly elected 2012-13 Management Committee. The new committe includes: ...

Oklahoma House OKs Allowing Armed State Attorneys

Oklahoma's attorney general and assistant attorneys general would be able to carry firearms virtually anywhere in the state under a bill ...

Texas Mutual to Distribute $150M Policyholder Dividend

Texas Mutual Insurance Co.'s board of directors has approved the company's plan to distribute $150 million in workers' compensation ...

Fraud Charges Against Former Louisiana Sheriff Candidate Dropped

Charges against former St. Helena Parish, La., sheriff candidate Frederick D. Bell of Kentwood for alleged insurance fraud and theft have ...

Arthur J. Gallagher Acquires Professional Claims Managers

Arthur J. Gallagher & Co. has acquired Professional Claims Managers Inc. in Dallas, Texas. Terms of the transaction were not disclosed. ...
West

Reno Air Races Plans To Change Course This Fall

Organizers of the national air racing championships secured $100 million in necessary insurance and announced plans Tuesday to change the ...

Atlas Names Muranaka Senior Claims Consultant

Honolulu, Hawaii-based Atlas Insurance Agency Inc. named Keane Muranaka senior claims consultant. Muranaka will be responsible for ...

San Francisco Jury Awards $11.4M For Garbage Truck Injury

A jury has awarded $11.4 million to a garbage truck driver who was injured when the wheel fell off his truck. The San Francisco Chronicle ...

Festa Named CIGA Board Chair

RENO, Nev.-based EMPLOYERS Senior Vice President and Chief Claims Officer Stephen V. Festa has been named chairman of the board of ...

Study: Drug Testing Driving Calif. Workers' Comp Costs

It's no surprise that pharmaceuticals are one of the leading drivers of workers' compensation costs in California, but a study issued ...

Poms Names Pesavento VP Of Business Development In Colorado

Greenwood Village, Colo.-based Poms & Associates Insurance Brokers Inc. named Robert Pesavento vice president of business development ...

Oregon CPCU Chapter Elects 2012 Officers

The Chartered Property Casualty Underwriters Society Oregon Chapter has named its 2012 officers. The officers are: President Dale Thomas of ...
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International

More Top Executives Say Bribes for Business Acceptable

A growing number of senior executives around the world are willing to pay bribes to win or keep business, as the hunt for growth supersedes ...
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New Discussions in the Forums

Non-Emergency Medical Transportation
Posted: Thu May 24 -- It dependent in which state do wan service. If you are in Florida, United States then i want to inform you Ark Angel Medical Transport LLC... JamesMorris
Is it possible to get insurer appointments just starting out
Posted: Thu May 24 -- This kind of post and topic question is generally exhausting...BiggBoy, you imply that you're new to the biz with a lot of ambition and... john13
Farmers vs. Independent
Posted: Wed May 23 -- Farmers has his own independent job. They have to do just rise the grain. Farming is very hard to do and they work in every season, whether... kerllycrueaz
Social Media and its potential
Posted: Wed May 23 -- There are so many benefits of social media for business. Like for an example you can upload your company's video on any social media site.... kerllycrueaz
SEO and buying back links
Posted: Wed May 23 -- Used to get high PR back links webmaster to exchange links through various forums. However, this is not the most effective method, it is not... kerllycrueaz
Video Email - Would you do it if it is cost effective
Posted: Wed May 23 -- I have been in the insurance industry since 1985. I have seen a lot of things come and go in that time period. I know right now the hot... Eagleeye
Licensing Outsourcing? Viable?
Posted: Wed May 23 -- Tip brought to you by your local PIA (Professional Insurance Agents Association) - ... dm307799
Brokerage and investment firm
Posted: Tue May 22 -- Are you asking what the process is to register as an insurance agent/broker, and also as an investment (i.e. securities broker/dealer)? Your... Big Dog
What are your thoughts on the insurance industry
Posted: Tue May 22 -- Policy holders buy insurance to transfer the risk onto another entity - so, you pay a flat fee that is roughly the average of what... neilamcotts

Reader Comments

Ohio's New 'Vicious Dog' Liability Law Becomes Effective May 22
Posted: Tue May 22 -- Common sense, perhaps... Unfortunately, the majority of dogs that attack are owned by individual who lack common sense! Max
How Young Insurance Agents Are Changing the Industry
Posted: Fri May 18 -- Marketing concepts change over time because we are always thinking of new ways to gain a client. Right now, we have a mass of technology:... SteveB
Facebook, Banks Sued Over Pre-IPO Analyst Calls
Posted: Wed May 23 -- Click if you like.......... MGD
U.S. SEC Dealt Blow in Financial Crisis Case
Posted: Wed May 23 -- Let's see, the executives at IndyMac did what the government claimed they did - thus facilitating the near financial collapse of the U.S.... William S. Vaughn, ARM
EEOC Updates Best Practices for Using Criminal Records in Hiring
Posted: Thu May 17 -- So...you can't not hire a criminal, because they might sue you. You hire the criminal, they steal from you and you can't fire them because... lynninms

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May 21, 2012
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Workers' Comp Report with ; Restaurants & Bars; Recreation & Leisure

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