Thursday, July 5, 2012

Daily Headlines: Thursday, July 5, 2012

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Insurance Journal Daily Headlines
July 5, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Judge Who Nixed Apple-Motorola Trial Questions Need for Software Patents

The U.S. judge who tossed out one of the biggest court cases in Apple Inc.'s smartphone technology battle is questioning whether patents ...

Heat Wave Continues to Take Toll in Eastern States

About 1.3 million homes and businesses in the eastern United States remained without power amid a heat wave on Tuesday, and storm damage ...

The Future of Producer Compensation

It is a fact that many people with the title "producer" don't produce. They service and they accept what comes to them, but they do ...

Rockwood Programs Announces New EPLI Product

Rockwood Programs, Inc. has been appointed to serve as the national administrator of a new employment practices liability insurance (EPLI) ...

From MyNewMarkets.com RLI, Chubb Among Top P/C Performers: SNL

RLI Corp. tops the list of property/casualty commercial lines carriers ranked by financial performance for the 12 months ending March 31,...
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East

N.Y. Regulator Seeks Insurer Data in 9/11 Case

New York's top insurance regulator has directed insurers to detail payouts and reserves for claims in the 2001 World Trade Center attacks ...

Agents Seek Diversified Role in Group Health/Benefits Arena

In recent years, a growing number of independent property/casualty agencies and brokerage firms have begun offering group health/benefits ...

Walmart, Target to Pay Mass. $232K for Prescription Drug Overcharges

Walmart and Target Corporation will pay $232,000 to cities and towns across Massachusetts to settle allegations that the companies ...

More Than 195K Still Without Power in Virginia

More than 195,000 Virginia homes and businesses remain without power after last week's storms, down from a peak of about 1.2 million. ...

Vermont Seeks Immunity From Workers’ Overtime Lawsuit

The state can assert it is immune from a lawsuit by more than 700 state employees, a judge has ruled, in a case where the workers say they ...
Midwest

Illinois Places 2 Mutual Insurers into Rehabilitation

Illinois insurance regulators announced that Lumbermens Mutual Casualty Co. (Lumbermens) and American Manufacturers Mutual Insurance Co. ...

Indiana Woman Accused Of Bilking Pet Insurance Firm

 A southern Indiana woman faces dozens of forgery and theft charges alleging that she embezzled more than $300,000 from a pet insurance ...

Feds OK Help For Mich. Fruit Growers Hammered By Weather

The federal government has declared Michigan a disaster area because of damage to fruit crops from erratic spring weather, making growers ...

Worker Hit, Killed By Dump Truck In Work Zone

Authorities say a construction worker was killed in an eastern Missouri freeway work zone when a loaded asphalt truck backed over him. The ...

Mathewson Joins Lockton Risk Management Team in St. Louis, Missouri

Lockton St. Louis announced the addition of Jim Mathewson, senior vice president, to its Risk Management team. In his new position, ...
Southeast

Florida Agents, Adjusters Face Continuing Education, Licensing Changes

A new Florida law seeks to reduce the regulatory burden on agents and adjusters by consolidating some licenses and revamping the education ...
South Central

Number Of Uninsured Drivers On Texas Roads Drops

The number of uninsured drivers in Texas has dropped more than 38 percent from a year ago, state statistics show, and officials attribute ...

Texas Counties Struggle to Repair Road Damage

Oil and natural gas production trucks are tearing up local roads in Texas, but the industries aren't providing enough money to pay for the ...

Texas City Hit With Police Sex Discrimination Suit

The Justice Department sued the city of Corpus Christi on Tuesday, alleging the Police Department discriminated in hiring women by using a ...

Neal Honored with Texas Agent Association's Drex Foreman Award

The Independent Insurance Agents of Texas (IIAT) honored former Corpus Christi independent insurance agent Loyd Neal with the Drex Foreman ...

Federal Regulators Settle Whistleblower Case with Texas-Based Pilgrim's Pride

The U.S. Department of Labor has entered into a settlement agreement with Pilgrim's Pride Corp. in Mount Pleasant, Texas, to resolve ...
West

Lees Named Atlas Chief Marketing Officer

Bruce Lees has been named chief marketing officer for Atlas General Insurance Services. Lees' range of responsibilities includes broker ...

Paper: $110M Worth Of Homes Lost In Colorado Wildfire

A newspaper's analysis indicates that Colorado's most destructive wildfire burned homes worth a total of more than $110 million in one of ...

Most Colo. Counties Qualify For Drought Assistance

Agriculture Secretary Tom Vilsack says 62 of Colorado's 64 counties qualify for federal disaster relief due to drought conditions. Gov. ...

Nevada to Exit NIMA

Nevada is leaving the surplus lines tax clearinghouse to which it belongs, Nevada's insurance commissioner confirmed Tuesday. Nevada's ...

Thousands of California Doctors File Lawsuit Against Aetna

A lawsuit filed on Tuesday by the Los Angeles County Medical Association (LACMA), California Medical Association (CMA) and a coalition of ...
International

Willis Exec: Industry Will Respond w/ ‘New Tools’ to Growing Disaster Risk

The insurance industry plays a pivotal role in integrating new tools, technology and solutions to protect populations and assets against ...

No Let Up in Gloom for Europe’s Biggest Economies

All of Europe's biggest economies are in recession or heading there and there is little sign things will improve soon, surveys showed on ...

Weather Forecasters Say El Nino Could Return in Q3

The feared El Nino weather phenomenon could strike as early as the third quarter of 2012, raising prospects of wreaking weather havoc from ...

BMS Launches Predictive Modeling Tool in Tie-up with Pinnacle Actuarial

BMS Group, the London-based global broker, announced that it has reached an agreement with US actuarial specialists Pinnacle Actuarial ...

Willis’ Faber Global Division Establishes Singapore Office

Faber Global, the facultative and wholesale reinsurance arm of Willis Group Holdings, announced that it has increased its global reach by ...

PERILS Updates Windstorm Andrea Loss Estimate to $422 Million

Swiss-based consulting firm PERILS has issued its third loss report for windstorm Andrea, which affected the UK and Western Europe in ...

Mitsui Sumitomo at Lloyd's Names Burke CRO

Mitsui Sumitomo at Lloyd's has appointed Martin Burke as Chief Risk Officer.  He has worked within the Lloyd's and company markets for ...
Sponsored Content

Burand & Associates and SageQuest Consulting Announce Perpetuation NexGen

Denver, CO, 07/05/12 – Insurance agency consultants, Burand & Associates, and family business advisors, SageQuest Consulting, are ...

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Insurance Journal TV

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LexisNexis Insurance Exchange Celebrates One-Year Anniversary

The LexisNexis Insurance Exchange – an online single-entry submission system that...
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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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New Discussions in the Forums

Residential Apartment Building with Fuses - CA
Posted: Wed Jul 4 -- Jason, The only markets that will write property with fuses will charge upwards of $2.00+ rate. There are other UW factors involved as well.... Adame526
Why bother with an agency management system?
Posted: Wed Jul 4 -- Network marketing is the good way to solve your queries either it is related to some product or with some administrative work, you can... aren
Agency Management System
Posted: Wed Jul 4 -- Thanks so much for this information. This is a treasure and I appreciate your effort. I own a Commercial P&C agency with majority agency... Solofletch
Agent no legal duty to inform on cancellations?
Posted: Tue Jul 3 -- In Ohio, there is at least one appellate court case that says an agent does not have a duty to notify a client that the policy has canceled.... GPilat
IA start up with a twist
Posted: Tue Jul 3 -- Haven't been on here in awhile. Thanks for the constructive replies from D's and Lady. I was hoping to drum up this kind of response so that... JevonCC
KS Premium Finance Co.
Posted: Mon Jul 2 -- You can find it at local finance departments. jazz90
Commercial Named Non owner policy
Posted: Mon Jul 2 -- I'm not that familiar with the commercial polices, but as far as regular non owners policies, Geico, Progressive and State Farm are all... BestCarCoverage

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 -- You were opposed to killing Bin Laden? Flipside
Agents, Insurers Cheer Congress OK of Flood Insurance Reform Bill
Posted: Mon Jul 2 -- OK Insurance Journal news department. What happened to that unnamed republican who was going to stop this law because of the definition of... Jack
Louisiana Officials' Reaction to Health Ruling Mostly Negative
Posted: Fri Jun 29 -- Bobby Jindal will next look for ways to get Louisiana out of the United Nations. kafantaris
Why Chief Justice Roberts Saved Obama's Healthcare Law
Posted: Tue Jul 3 -- Googlegal, The Progressive Left in this country has been working on making this country an entitlement society for several decades now.... First Agent

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July 2, 2012
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