Friday, August 17, 2012

Daily Headlines: Friday, August 17, 2012

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Insurance Journal Daily Headlines
August 17, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Republican VP Pick Ryan Aims to Change Tax Break for Health Insurance Benefits

Mitt Romney wants to change the U.S. tax code's treatment of healthcare costs, but his vice presidential pick is one step ahead: Paul Ryan ...

Ex-Dewey Law Firm Partners Agree to Pay $50 Million Toward Settlement

Former partners of the defunct law firm Dewey & LeBoeuf agreed on Thursday to pay at least $50 million toward a settlement agreement, ...

From MyNewMarkets.com Hard Market Generates New E&O Challenges for Insurance Agents

The soft market has made the job of insurance agents very difficult the last few years. Competition has been extremely fierce, and premiums...
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East

Progressive Reaches Settlement in Auto Claim Case Amid Online Protest

Progressive Corp. announced Thursday it reached an agreement with the family of Kaitlynn Fisher -- a Progressive policyholder who died in ...

N.J. Law to Restrict First Responders From Sharing Accident Photos

A new law in New Jersey now prohibits the state's first responders from taking and sharing pictures or videos of accident victims without ...

N.J. Court: Man Blaming Cancer on Vaccine Can’t Sue

A man who claims a polio vaccine he was given as a baby caused his brain tumor cannot revive his lawsuit against several drug manufacturers ...

Vermont Mutual Insurance Group Announces 2 Manager Appointments

Vermont Mutual Insurance Group, based in Montpelier, Vt., hired Susan Chicoine as the human resources director and promoted Lu Gambero to ...
Secrets of Insuring Restaurants: Overview of Restaurant Coverage New training from Insurance Journal's Academy of Insurance - Reserve Your Spot Today
Midwest

All 92 Ind. Counties Now Farming Disaster Areas

The federal government has now declared all 92 Indiana counties as agricultural disaster areas following the state's worst drought in ...

Chrysler Recalling Dodge Durangos To Fix Air Bags

Chrysler is recalling more than 1,400 Dodge Durango SUVs because the rear side air bags may not work in a crash. The Detroit, Mich. company ...

Mich. Kicks Off Campaign to Curb Drunken Driving

Michigan is kicking off a campaign aimed at curbing drunken driving. The Michigan Office of Highway Safety Planning says some young men ...

Ex-Nebraska Beauty Queen Sues Over Bull Accident

A former beauty queen in western Nebraska is suing Scotts Bluff County officials over injuries she suffered when a bull charged her at the ...
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Southeast

South Carolina High Court Asked to Hear State Employees’ Benefits Suit

The leaders of groups representing teachers and state employees asked the state Supreme Court this week to take up its lawsuit against a ...

Former North Carolina Fire Chief Charged with Embezzlement

The former fire chief in Bryson City and his wife have been indicted on embezzlement charges. The Asheville Citizen-Times reported  that ...

Mississippi Sees Drop in Drunk Driving Deaths

Mississippi no longer ranks among the top 10 states for deaths caused by drunk drivers, thanks to a big drop in alcohol-related traffic ...

Florida Online Home Insurance Tool Now Compares Auto Rates, Too

The Florida Office of Insurance Regulation has expanded its online homeowners insurance rate comparison program, Choices, to include the ...
South Central

Recovering from a Wildfire Catastrophe

Gary Sweeny still gets choked up when thinking of all of his family and friends who helped him recover from the Bastrop, Texas, wildfire ...

11 N La. Parishes Named Drought Disaster Areas

Louisiana Agriculture Commissioner Mike Strain says the U.S. Department of Agriculture has designated 11 north Louisiana parishes as ...

Louisiana Insurance Firm’s Complaint About Bid Rejected

The state Office of Group Benefits has rejected United Healthcare's protest concerning the hiring of Blue Cross and Blue Shield of ...
West

Auto Insurance Driver Tracking Hits Privacy Wall in California

California is turning into a battleground for technology that allows auto insurers to track their customers' driving behavior and offer ...

Appeals Court Reinstates Nursing Homes Lawsuit

An appeals court has reinstated a lawsuit claiming the owner of 16 Alameda County nursing homes fails to meet California nurse-staffing ...

Otter Declares Disaster Due to Idaho Wildfires

The size and scope of wildfires burning in southwestern and central Idaho has prompted Gov. C.L. "Butch'' Otter to issue a disaster ...

Barney & Barney Outlines Ways California Firms Can Control WC Insurance Costs

Barney & Barney has outlined a series of steps to help California's small- to mid-sized employers control the rising cost of workers ...

Workers’ Comp Reform Could Impact WCIRB’s 12.6% Pure Premium

The Workers' Compensation Rating Bureau's Governing Committee has unanimously voted to authorize the WCIRB to make a Jan.1, 2013 filing ...

Wildfires: Sage Grouse Habitat Loss Could Impact Nevada Insureds

If you're a business in Nevada, it may not be immediately clear why you should be concered with the state's nearly dozen wildfires that ...
International

Climate Change Poses Risks to Food Supplies Beyond U.S. Drought

Downpours and heat waves caused by climate change could disrupt food supplies from the fields to the supermarkets, raising the risk of more ...

Goofy Gordon Going Wrong Way; Storm Heads for Europe

The most recent bulletin from the National Hurricane Center in Miami focuses on highly unusual Tropical Storm Gordon. It's not unusual as a ...

Earnings Report: QBE Group

Selected earnings highlights in US dollars from Australia's QBE Group for the first six months of 2012 are as follows:   ...

O’Halloran Steps Down as QBE Group CEO; Neal to Replace Him

On the same day that it released its first half year earnings report for 2012, Australia's QBE Group announced the departure of long-time ...

Montpelier Re Names Lucking Head of Individual Risk Property

Bermuda-based Montpelier Reinsurance Ltd. a subsidiary of Montpelier Re Holdings Ltd., announced the appointment of Nicholas Lucking as ...
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Insurance Journal TV

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Agriculture Business Prepared for This Year's Drought

Record high temperatures in the Midwest have farmers facing the worst drought in over 20 year,...
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Concord Specialty Risk Coverage Addresses New IRS Reporting Requirements

Managing General Underwriter Concord Specialty Risk, which specializes in reps and warranties...

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New Discussions in the Forums

Adding Value? Who Cares? And, who gets mad?
Posted: Thu Aug 16 -- Adding value? What value are you intending add, d's insurance? Are you adding value to your agency by preventing what you deem a frivolous... gypseybroker
ARM
Posted: Thu Aug 16 -- If you work for a company go for the CPCU - start with your strongest subject, take them in backwards order and take two at a time - you can... gregsmith5
Progressive Weasling?
Posted: Wed Aug 15 -- Found some more on it today. Maryland law does not allow an insured to sue a company that denies coverage...What the heck kind of state does... OldIndyAgent
Agent no legal duty to inform on cancellations?
Posted: Tue Aug 14 -- 15 Years ago, we were sued by an ex-client who said that we had not told her she was out of force and got into an accident 6 months later.... justthere
Dave Ramsey
Posted: Tue Aug 14 -- I listen to Dave Ramsey a lot and really like his overall plan. Buying things on credit is just stupid and is a MAJOR reason why this... yoyowordup
Selling a complementary product alongside insurance policies
Posted: Fri Aug 10 -- I've helped several customers to rebuild their businesses after they suffered catastrophic loss. From what I've experienced when working... wiseleo
Management Liability
Posted: Fri Aug 10 -- Another consideration: if the client has already contacted customers of their former employer, purchasing a policy today for acts committed... jackwehoca
Child Safety Alarm (MO)
Posted: Wed Aug 8 -- "Hotcoffee, It is possible.... but I need to know more about the process you are going through. You are saying you... hotcoffee

Reader Comments

Africa's Pirates Have Demands for Insurers - and a Letterhead, Too
Posted: Mon Aug 13 -- With so many people out of work who could be trained to operate weapons I wonder why it is not possible to provide room and board on ship... Bluemax
N.J. Upholds Law Requiring Young Drivers' License Decal
Posted: Mon Aug 13 -- Another example of how "government" - the Legisature and the judicial activist courts, are intruding on the lives of people. And, of course,... Expert
Obama to Encourage States to Build Health Exchanges
Posted: Wed Aug 15 -- Go ahead and insult away. I do not have hate in my heart. I just think Bush was/is a fool, a terrible president, an idiot, and severely... Libby
Increased Chance of Above-Normal Atlantic Hurricane Season Despite El Niño
Posted: Fri Aug 10 -- Well there is an octopus in a tank in Miami at a sports bar. He predicts the super bowl winners and World cup winners every year. He thinks... Sarah
Despite GOP Governors, Feds Building Health Insurance Exchanges
Posted: Fri Aug 10 -- George W. Bush has said that history will determine the greatness of his presidency. According to an informal poll by George Mason... Libby

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