Friday, June 29, 2012

Daily Headlines: Friday, June 29, 2012

Sponsored by: NSM Insurance Group. We've been underwriting General Contractors for over 12 years! Apartments, New homes, Remodeling, Builders Risk. Click here for more information.
Insurance Journal Daily Headlines
June 29, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Why Chief Justice Roberts Saved Obama’s Healthcare Law

In the end, it all came down to Chief Justice John Roberts, the sphinx in the center chair, who in a stunning decision wove together ...

Corporate Winners, Losers Under Supreme Court Healthcare Ruling

Hospitals and insurers providing Medicaid plans for the poor emerged as the main corporate winners from the U.S. Supreme Court's decision ...

Actuaries Say Individual Mandate Key to Viable Health Insurance Market

The U.S. Supreme Court's ruling to keep the Affordable Care Act largely intact is a step toward ensuring that health insurance markets ...

Business Transitions More Risky for Lawyers: Study

The practice of business transactions presents greater professional liability risk for attorneys than many other areas of practice, a new ...

Fitch: U.S. Healthcare Ratings Already Incorporate Healthcare Ruling

Fitch's ratings said its U.S. healthcare ratings already incorporate an expectation of full implementation of the Patient Protection and ...

Markel Names New Executives for Marketing, Business Development

Richmond, Va.-headquartered specialty insurer Markel Corporation announced two executive promotions for its specialty division. The company ...

ACE Launches New Stand-Alone Product Recall Insurance Unit

ACE Westchester, the U.S.-based wholesale-focused insurance division of the ACE Group, has introduced a new stand-alone product recall ...

Study from CNA Analyzes Lawyers Professional Liability Claims

The Risk Control unit of CNA insurance companies has released a study that takes a look at lawyers and the practice of business ...

AIG to Revive AIG Name; Drop Chartis, SunAmerica Names: Reuters

Bailed-out insurer American International Group Inc. will resume using its brand name in public in a move to recognize the company's ...

A.M. Best on Court Ruling: No Effect on Most Health Insurers But Watching Small Insurers

Insurance rating organization A.M. Best Co. says the U.S. Supreme Court upholding the Patient Protection and Affordable Care Act (PPACA) ...

Insurance Industry Charitable Foundation to Host ‘Week of Giving’

The Insurance Industry Charitable Foundation (IICF) has expanded its traditional weeklong insurance volunteerism event in October to ...

From MyNewMarkets.com The Business of Insuring Correctional Facilities

Montana State Prison inmate files suit for $2.2 million in federal court after he injures a toe when his foot got caught in a grain auger at...
Sponsored by: Insurance Journal. Insurance Journal's Satire Issue is Back for More! Click Here to Submit Your Jokes and Anecdotes.
East

Penn. Gov. Corbett Says He’s ‘Disappointed’ by Healthcare Decision

Pennsylvania Governor Tom Corbett said Thursday he was disappointed in the U.S. Supreme Court ruling upholding the federal healthcare law, ...

N.Y. Health Plans Continue as U.S. Supreme Court Upholds Obama Law

State health officials are moving forward with plans to establish an insurance exchange intended to extend coverage to some 2.7 million New ...

In NYC, 17 Students a Day Sent to ER With Mental Health Issues: Study

New Department of Education figures show that New York City schools made 3,600 calls to the 911 emergency system to deal with ...

Zurich Appoints COO in N.Y. for Global Corporate in North America

Zurich's Global Corporate in North America (GCiNA) appointed Brad Kass as chief operations officer, based in New York. In his new role, ...

Chief Risk Officer Named for The Navigators Group in Rye Brook, N.Y.

Rye Brook, N.Y.-based specialty insurer The Navigators Group appointed Jennifer Yang as chief risk officer. Yang will be responsible for ...
Join us online Wednesday July 11 for a LIVE webcast, Work Comp Retrospective Plans - hosted by Insurance Journal's Academy of Insurance - Reserve Your Spot Today
Midwest

Drought Brings Back Memories of 1988 Crop Losses

Just one year ago Jeff Scates saw the worst flooding on his southern Illinois farmland since 1937. Today, Scates is watching his corn ...

Habitat Plans Building Blitz in Indiana Tornado Zone

Habitat for Humanity organizers are planning a construction blitz to build 19 new houses for southern Indiana families who lost their homes ...

Iowa Court Backs $1.2M Fine Over Disabled Workers’ Pay

A court is upholding a $1.2 million state fine for labor violations committed by a Texas labor broker who underpaid dozens of mentally ...

Former Fugitive Doctor in U.S. Custody, Facing Fraud

A doctor who spent a dozen years on the run from federal fraud charges in Illinois has been returned to the United States from Peru. ...

Lawmaker Says Nebraska Has Time for Health Exchange

A Nebraska lawmaker who has led the push to create a state-based marketplace for health insurance says officials must move quickly and seek ...
Southeast

OSHA Targets West Virginia Construction Worksites

The federal Occupational Safety and Health Administration is launching what it calls a ``no-notice'' campaign in West Virginia this summer ...

Chartis’ Kinsey Joins Fireman’s Fund as Eastern Personal Lines Executive in Florida

Fireman's Fund Insurance Co. has appointed Joe Kinsey to the position of high net worth personal insurance executive for the eastern ...

State Farm Seeks 14.9% Jump in Florida Property Insurance Rates

Florida's third largest property insurer is seeking a statewide average 14.9 percent increase in property rates as part of a plan to ...
South Central

Devall to Lead London Business for Crawford’s U.S. Property/Casualty Unit

Longtime London market executive James B. Devall has joined Crawford & Co. in its Dallas office to lead the company's London-fronted ...

Louisiana Officials' Reaction to Health Ruling Mostly Negative

Louisiana officials weighed on the June 28 Supreme Court ruling upholding President Barack Obama's health care law. A look at some of the ...

Texas Governor Derides Supreme Court Ruling on Health Care

Texas Gov. Rick Perry is calling the U.S. Supreme Court's decision to uphold the vast majority of President Barack Obama's health care ...

Oklahoma’s Delegation Reacts to Health Care Ruling

Republican members of Oklahoma's congressional delegation are decrying the U.S. Supreme Court's decision to uphold the federal health care ...

Arkansas Moving Forward With Plans After Health Ruling

Arkansas' insurance commissioner says the state is moving forward with its plans to implement the federal health care law after the U.S. ...
West

President Declares Major Disaster for Colorado

President Barack Obama declared a major disaster in Colorado late Thursday, making funds available for two large fires in the state which ...

Stockton, California’s Insured Debt Proves Alluring

About half of the $700 million of debt issued by bankrupt Stockton, California, is insured and a few traders have carried on some ...

Another Dust Storms Blows Through Phoenix Area

Another dust storm has blown through the Phoenix metropolitan area and parts of southern Arizona. Wednesday evening's storm came on the ...

Jones Praises Supreme Court, Calls for Health Rate Reviews

California Insurance Commissioner Dave Jones praised the U.S. Supreme Court's decision on Thursday to uphold the Affordable Care Act – ...

Colorado Fire Threatens Thousands of Residences

The Waldo Canyon Wildfire in Colorado in the state's second most populous city has reportedly destroyed hundreds of homes – and that ...
Sponsored by: Latin American Agents Association. The Nation's Biggest Latino Insurance Convention. July 19-22. Harrah's Casino. San Diego, CA. Click here for more information.
International

UK Banks Face New Scandal; Barclays Boss in Peril over LIBOR Rigging

Britain will expose on Friday a second scandal involving the country's banks in as many days, as Barclays boss Bob Diamond clings to his ...

US Grants Iran Sanctions Exceptions to China, Singapore

The United States gave China a six-month reprieve from Iran financial sanctions on Thursday, avoiding a diplomatic spat with a country ...

EU Agency ENISA Calls for ‘Kick-start’ in Cyber Insurance Market

Europe's citizens and businesses could benefit from better protection for their computer systems and data if the cyber insurance market ...

ECB President Draghi Says EU Crisis Summit Delivered ‘Tangible Results’

European Central Bank President Mario Draghi said on Friday he was pleased with steps taken at the summit of EU leaders, including a ...

Best Sees Indonesia P&C Sector Growth; Capital, Regulatory Challenges

A new report from A.M. Best Co. concludes that "Indonesia's solid economy is fueling growth for a developing non-life insurance market, ...

Fitch Says Bermuda (Re)Insurers Should Weather Sovereign Downgrade

According to Fitch Ratings, "while insurance industry concerns factored into Tuesday's downgrade of Bermuda," it does not expect Bermuda ...
Sponsored Content
Insurance Journal's Directory of E&S / Specialty Markets. Coming soon to inboxes, emails, and iPads everywhere!
Insurance Journal Blogs

BREAKING: Senate leaders strike deal on flood insurance reform

In a briefing today with interested parties, the Senate Banking Committee's chairman and ranking member confirmed that Senate Majority ...

Join the Insurance Journal Network

Twitter Facebook LinkedIn


Insurance Journal TV

Video thumbnail

Health/Benefits Sector Offers Potential Growth for P/C Agents

Despite the uncertainty over the changes occurring in healthcare delivery and insurance...
Video thumbnail

M&As Often Come with D&O Exposures

Companies must do their due diligence when acquiring foreign entities or they could end...

TV icon Watch more videos at InsuranceJournal.tv

New Discussions in the Forums

Do you use online leads services?
Posted: Fri Jun 29 -- OldIndyAgent, you rookie, why didn't you name the 12 companies in your post? Do you even have your own agency (don't say yes if you only... rodgwag
KS Premium Finance Co.
Posted: Thu Jun 28 -- I need a premium finance company for a risk in KS that will allow the client to only put 10% down. Any help would be appreciated. thanks Halpert
Can an employer fire an employee because their pre-convicted
Posted: Thu Jun 28 -- I am no attorney, but I would suggest that depending on what the employee was arrested for, could give the employer cause? For instance, was... LadyBroker
When is it time to let your staff go?
Posted: Wed Jun 27 -- Isn't this one of the hardest questions? (Well, not always, sometimes they make it really easy on you to answer!) I think it's a whole... johnsharp
IA start up with a twist
Posted: Wed Jun 27 -- I think what he meant is that most IA's start out the same way you are proposing....there is nothing particularly new about 2 guys sharing... LadyBroker
Commercial Named Non owner policy
Posted: Tue Jun 26 -- JAM, what are you looking for? Commercial Non Owned Auto? LadyBroker
National Agents Alliance? Legit or Keep Away?
Posted: Tue Jun 26 -- Hi, I was with NAA for about 2 years. I did learn a lot about sales but at a cost. I never did make any real money and I did consistently... cecnjohn
Email Marketing List Provider
Posted: Tue Jun 26 -- Hello, I would like to purchase a data base for a particular industry and market our insurance services. Has anyone used email marketing... InsureTime
American Family
Posted: Mon Jun 25 -- Buckeyes772, gregcw gave you really good advise. It appears that he does not have a side agenda when he resonded to you. One of the things I... Eagleeye

Reader Comments

Reactions to Healthcare Ruling Coming In; What's Yours?
Posted: Thu Jun 28 -- We are now a socialist country, no longer a democracy. Our founding fathers are rolling in their graves!!!!!!! csp
Supreme Court Upholds Healthcare Law; Read Copy of Opinion
Posted: Thu Jun 28 -- So using your logic the whole concept of self insurance is out? I fully agree that having a means by which to support the economic... Bob
Republican Senator's Abortion Amendment Holding Up Flood Insurance Bill: Reid
Posted: Wed Jun 27 -- Sarah, I'm a woman who is paying attention. So don't BS me with killing unborn children stuff. The birth control debate, Virginia's... Sally Anne Fannymaker
Ex-N.Y. Postal Worker Pleads Guilty to $18K Workers' Comp Scam
Posted: Sat Jun 23 -- Another token prosecution to give the appearance, that something is being done. This type of fraud is rampant in the USPS & costs taxpayers... Systemic risk
Judge: Parents Of Child With Lung Disease Can Sue
Posted: Mon Jun 25 -- This is gonna get me slammed but... did they specifically ask for a test on CF, were told they would get the test, but didn't? Were they... Frankie

Current Issue

June 18, 2012
Current Issue
Umbrellas - Personal & Commercial; Construction; Apartment Buildings

More Newsletters

Choose Newsletters
Enter Your E-mail

How to Advertise

For information about advertising on this newsletter and Insurance Journal magazines, contact Julie Tinney at (800) 897-9965 x148.
View our Media Kit for advertising options in our magazines and online properties.
Insurance Journal
3570 Camino del Rio North, Suite 200
San Diego, CA 92108
(800) 897-9965
Copyright © 2012 by Wells Media Group, Inc.

No comments:

Post a Comment