Thursday, June 28, 2012

Daily Headlines: Thursday, June 28, 2012

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Insurance Journal Daily Headlines
June 28, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Supreme Court Upholds Healthcare Law; Read Copy of Opinion

The U.S Supreme Court today upheld the individual mandate that is the centerpiece of President Obama's healthcare reform law. The court ...

Reactions to Healthcare Ruling Coming In; What’s Yours?

Industry and other reactions to the U.S. Supreme Court decision upholding the Patient Protection and Affordable Care Act have been coming ...

Excerpts from Supreme Court’s Healthcare Opinion

Some key excerpts from the majority opinion written in National Federation of Independent Business v. Sebelius  by Chief Justice John ...

Today’s Supreme Court Healthcare Ruling: Possible Scenarios, Effects

The U.S. Supreme Court's ruling on President Barack Obama's 2010 healthcare law, expected on Thursday, may have wide-ranging political and ...

Supreme Court to Deliver Obama Healthcare Ruling

The U.S. Supreme Court is set to deliver on Thursday its ruling on President Barack Obama's 2010 healthcare overhaul, his signature ...

Shareholders Sue Diamond Foods Board Over Financial Problems

The board of Diamond Foods Inc. failed to properly oversee the snack food company, damaging its reputation and costing it the chance to buy ...

BB&T Adds Flood Insurance to Online Offerings

BB&T Insurance Services has added flood insurance to its suite of online products. Flooding is the number one natural disaster in the ...

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...
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East

Medical Liability Insurer ProAssurance to Acquire Medmarc in Virginia

ProAssurance Corporation, a Birmingham, Ala.-headquartered medical liability insurer,said it is acquiring Medmarc Insurance Group. Medmarc, ...

Mass. Seeks Executive Pay Data From Insurers Domiciled in State

The Massachusetts Division of Insurance is undertaking a detailed examination of executive compensation at insurance carriers domiciled in ...

White Mountains to Acquire 2 Runoff Subsidiaries From AIG Division

White Mountains Solutions Holding Co., a specialist runoff acquisition operation for White Mountains Insurance Group Ltd., is continuing ...

New York Top Court Rejects Claim From Bad Investment

New York's top court has rejected a request by French investors to reinstate their lawsuit over losing $43 million out of $50 million they ...

After Death, Vermont Activists Demand Taser Moratorium

Mental health advocates and civil libertarians are calling for a moratorium on police use of stun guns in Vermont following the death of ...
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Midwest

Federal Appeals Panel Upholds Nebraska Crash Victim’s Award

A federal appeals panel on has upheld a $407,000 jury award to a Michigan man who suffered severe injuries in a crash he says was caused by ...

Ex-Michigan Police Officer Getting $1M Settlement in Bias Case

A former Saginaw, Mich., police officer who claimed he was fired in 2006 and discriminated against because of his race is expected to get ...

Minot Releases Plan for Using Federal Flood Grants

The city of Minot, N.D., released a proposal on June 26 for using nearly $68 million in federal disaster recovery grant money to help ...

School Children Fundraise to Fix Vandalized Ohio Museum

Months after an Ohio State University student trashed the Orton Geological Museum, an artist, a curator and elementary schoolchildren are ...
Southeast

Kentucky Insurance Chief Wants Christian Health Plan Held in Contempt

A legal dispute between the state and a Christians-only health care plan is continuing to simmer after a decade of legal wrangling that has ...
South Central

U.S. Supreme Court Refuses to Review Louisiana Citizens’ Case

The nation's highest court won't review rulings that require Louisiana's property insurer of last resort to pay an estimated $110 million ...

Texas Construction Company to Pay $10.5M to Settle Disability Discrimination Suit

Federal regulators reported that a North Texas-based construction company will pay more than $10 million to settle disability ...

Hacker Who Targeted Texas DPS Pleads Guilty

A hacker who targeted the Texas Department of Public Safety and other law enforcement computers then bragged about it has pleaded guilty. ...
West

Idaho Juvenile Corrections-Whistleblower Lawsuit

Seven employees with the Idaho Department of Juvenile Correction have filed a whistleblower lawsuit against the agency, contending that a ...

Ex-Cruise Worker Files Lawsuit Against Travolta

A former cruise line worker has filed a federal lawsuit in Los Angeles against John Travolta, accusing the "Pulp Fiction'' star of ...

Second Colorado Wildfire Makes for 'Unprecedented" Season

Following a fire that forced the evacuation of more than 32,000 people, Colorado continues to be plagued with an "unprecedented" ...

Colorado's Early June Storms Among State's Most Costly

New insurance claim estimates from the hail, wind and flooding that wreaked havoc on June 6 from South Denver down to Colorado Springs and ...

Leavitt Central Coast Names Willis Senior Vice President

Leavitt Central Coast Insurance Services named Ted Willis senior vice president. Willis has more than 32 years' experience in insurance. ...
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International

Germans Say “Nein! No! Non!” Ahead of Euro Summit

EU leaders go into a Brussels meeting today, Thursday June 28, more openly divided than at any time since the euro crisis began, with ...

Marsh Reports Global Insurance Prices up 1.4% in Q2; Sees Further Increases

Global insurance prices are set to rise for a third consecutive quarter as the industry strives to bolster its finances after paying ...

Catlin Names Huebel CEO of Canadian Unit, Other Executive Changes

The Bermuda-based Catlin Group Limited announced that David Huebel will take over as CEO of Catlin Canada, effective July 3. Catlin Canada ...

O’Neill Appointed as Marketform’s CEO

Lloyd's insurer Marketform Managing Agency Ltd announced that Interim CEO John O'Neill has been appointed CEO with immediate effect. ...

Ratings Roundup: MAPFRE PRAICO, Tunis Re

A.M. Best Co. has commented that the financial strength rating of 'A' (Excellent) and issuer credit ratings (ICR) of "a" of MAPFRE ...

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

Despite the uncertainty over the changes occurring in healthcare delivery and insurance...
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M&As Often Come with D&O Exposures

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

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New Discussions in the Forums

Do you use online leads services?
Posted: Thu Jun 28 -- Rodgwag, You should check that...I can name 12 offering direct rates, and those are just the big boys online, in the USA. If you can't find... OldIndyAgent
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
Request for Life & Health License in CA
Posted: Thu Jun 21 -- Hi All! Wants to get the life & health license, but wasn't sure which one I should choose from DOI in CA (they have "life-only" and health... roycheong1031

Reader Comments

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
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
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
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
N.J. Woman Hit With Ball Sues Little League Player
Posted: Wed Jun 27 -- If a website is started for a legal defense fund, please email me too. I would gladly contribute for a countersuit against this lady and her... UCT

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