Daily Headlines: Wednesday, July 18, 2012

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July 18, 2012 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National U.S. Commercial Market Stable; More Property Increases; Casualty, D&O Mostly Flat: Marsh Despite signs of a potential market shift in some areas of property insurance, the overall U.S. property, casualty, and financial and ... Long Term Care Liability Loss Rate Expected to Grow: Aon Long term care liability loss rates and claim severity have reached an eight-year high and are expected to grow steadily in 2013 against a ... Bank of America Settles Mortgage Fraud Lawsuit with Bond Insurer Syncora Bank of America Corp. has agreed to pay $375 million to settle a case brought by bond insurer Syncora Guarantee over toxic mortgage-backed ... ACE Launches New Builders’ Risk Product ACE USA has developed the ACE Construction Risk coverage form for general contractors, developers and owners with ongoing construction ... Navigators Launches Worldwide Side A D&O Policy The Navigators Group, Inc.'s Navigators Pro division has introduced Side A Global InNAVation, a directors and officers (D&O) ... How Agents can Help Identify, Address Data Risks Small Businesses Face A recent study revealed that organizations with fewer than 1,000 employees make up 85 percent of hackers "targets of... More National News East New York State to Lower Workers’ Comp Premiums for Businesses by 1.2% New York Gov. Andrew Cuomo said Tuesday that New York State employers will see a reduction in workers' compensation premium rates. He said ... Penn State Could Face Years of Litigation Penn State University could face years of litigation over Jerry Sandusky's abuse of children, but the school is also doing some things that ... The Hartford Completes $117.5M Sale of Life Private Placement Unit The Hartford Financial Services Group has completed the sale of its Hartford Life Private Placement unit to Philadelphia Financial Group. ... Consumers in R.I. Warned of Healthcare Ruling Scam Rhode Island's attorney general is warning consumers about possible identity theft and Medicare fraud by scammers apparently trying to take ... Beloved Vermont Restaurant Rebuilding After Irene Spring was gloomy in the Vermont ski town of Wilmington, following a winter with little snow on top of the damage and despair caused by ... More East News Midwest Engler Joins Wisconsin’s Scobie Group as VP, Branch Operations Don Engler has joined Wisconsin-based wholesale insurance firm Scobie Group as vice president of Branch Operations in the Eau Claire, Wis., ... Settlement Reached with Ex-US Fidelis Workers The Missouri attorney general's office has reached a deal with some former employees of US Fidelis allowing compensation for being laid off ... Iowan Imprisoned for Unlicensed Insurance Sales A 40-year-old Sioux City, Iowa, man has been sentenced to five years in prison for selling insurance without a license. The Sioux City ... Nebraska Director: Producers First to Benefit from State Based System Nebraska's top regulator says insurance producers will be among the first to benefit from the state's implementation of a national state ... More Midwest News Southeast South Florida Not Receptive to Citizens’ Rate Hike Plans Executives and the board of governors of Florida's largest state-back property insurer received a rude reception at a public rate hearing ... Court Reinstates Wrongful Termination Claim Against Mississippi Utility A federal appeals court has reinstated Keri M. Towns' wrongful termination case against Northeast Mississippi Electric Power Association. ... More Southeast News South Central Millions Spent on Upkeep of Empty Katrina Lots More than 3,000 lots flooded by Hurricane Katrina and bought with federal money in an emergency bailout sit idle across this city — a ... Arkansas Rice Farmers Sue Texas Company Over Hybrid Rice A group of Arkansas rice farmers has sued a company that produces hybrid seed, claiming that RiceTec Inc. supplied them with seed that ... Muskogee Officials: Study Shows Town not Responsible for Flooding City officials did nothing to contribute to flooding that damaged homes and belongings of property owners who live in a southeast Muskogee, ... More South Central News West Injured Occupy Protester Sues Portland Police An Occupy Portland protester has filed a federal lawsuit accusing police of excessive force during a demonstration last fall in which he ... 'Whistleblowers' Claim fraud at SF Academy of Art Four former recruiters at the Academy of Art University in San Francisco are accusing school officials of using an illegal compensation ... McKay Tapped As Executive Director of the SLA of California Benjamin J. McKay was named as executive director of the Surplus Line Association of California. The appointment was effective July 16. ... More West News International EXCLUSIVE – Somali Pirate Kingpins Enjoy ‘Impunity’ Say UN Experts Somalia's president has shielded a top pirate leader from arrest by issuing him a diplomatic passport, according to a United Nations ... Geneva Association Survey Targets ‘Inappropriate Regulation,’ Economic Crisis A bulletin from the insurance think tank The Geneva Association notes that "leaders of the insurance industry have significant concerns ... Iran Offers to Insure Foreign Ships to Skirt EU Ban Iran said it would insure any foreign ships that enter its waters, in an effort to skirt a European Union ban on insuring ships carrying ... Australian Woman Wins Multi-million Thalidomide Payout from Diageo An Australian woman has won a multi-million dollar payout from UK Company Diageo Plc, the local distributor of the drug Thalidomide that ... China Reinsurance Company Licenses AIR's Suite of Cat Models Catastrophe risk modeling firm AIR Worldwide announced that China Property & Casualty Reinsurance Company Ltd. (CPCR) has licensed its ... RSA Updates Earnings Forecast after UK Weather, Italian Quake Losses UK-based RSA has issued a bulletin following "the wettest June on record in the UK."  RSA said it expects a "net loss across the ... Former Lloyd’s Head Lord Levene Named Starr International Vice Chairman Lord Peter Levene, former chairman of Lloyd's of London, has been appointed a director and vice chairman of the global insurance firm Starr ... More International News Join the Insurance Journal Network Insurance Journal TV Agency Capitalizes on Obamacare Shawn Pynes, principal with Barney & Barney, discusses the benefits business following... Watch Now LexisNexis Insurance Exchange Celebrates One-Year Anniversary The LexisNexis Insurance Exchange – an online single-entry submission system that... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Commercial Auto Coverage for Golf Carts Florida Posted: Wed Jul 18 -- I can not find a single company that will write teh commercial COMMCOV Insurance Noodle vs. Superior Access vs. Agent Secure Posted: Wed Jul 18 -- I have used noodle and Agent secure. Agent secure is better, I like their rater and the fact that you can play around with coverage and re... JAM Track Your CSR's Daily Sales Activity Posted: Tue Jul 17 -- If the csr is doing their job they will not have time to write down ever phone call. COMMCOV Agent no legal duty to inform on cancellations? Posted: Tue Jul 17 -- Sorry, ins-atty, but you are wrong We were sued for just this situation over 10 years ago. After almost a year of CSRs being called in for... gforaker Comp in Ca Posted: Tue Jul 17 -- Need comp for small sand and gravel hauling risk in Los Angeles Co. Just hiring an employee. Payroll only $40000. Thanks ...trotter AMS360 for accounting? Posted: Mon Jul 16 -- "Agency bill income" is really that easy. Remember the monthly agency bill income reflects the results of all agency billed transactions... InsBoomer Could your music influence your insurance score? Posted: Sat Jul 14 -- BostInno reported The Echo Nest recently... Josh Go to Forums Reader Comments Casino Waitresses in Pennsylvania Sue Over Maternity Policy Posted: Tue Jul 17 -- Was this policy in force when the waitresses accepted their positions? If so, then too bad for them. The casino still tried to keep them... Reverend Haywood Judumee President Obama Signs Flood Insurance Reform Bill Posted: Wed Jul 11 -- this is a very old article, you will notice it says proposal not law. It is also what they passed before they read it. Remember they had to... Sarah Tropical Storm Creates New Beach on Alabama Coast Posted: Wed Jul 11 -- why no pic or link to a pic? Mark CEO Group Warns Washington to Avoid Impending 'Fiscal Cliff' Politics Posted: Tue Jul 17 -- One basic problem is that liberals and the other deadbeats who follow the current administration believe that the rest of us should do... Sargent Major With Supreme Court Ruling In, Employers Turn to Healthcare Law's Requirements: Mercer Posted: Wed Jul 11 -- Sarah, I think Planet spends most of his time watching these channels or going on their websites to get his talking points. As one commenter... 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