Friday, August 31, 2012

Daily Headlines: Friday, August 31, 2012

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Insurance Journal Daily Headlines
August 31, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Isaac Brings Relief to U.S. Drought Conditions

The remnants of Hurricane Isaac continue to cause headaches on Friday, bringing heavy rainfall and the threat of flash flooding to the ...

Ford Sued Over Patent Infringement

Ford Motor Co has been sued for allegedly infringing a patent that covers a fuel-injection system it uses in its top-selling F-150 truck. ...

Petersen International Releases Disability Plan for Loss of Future Earnings

Petersen International Underwriters has released a new disability insurance product intended to pay benefits based on an insured person's ...

Beazley Enhances Suite of Data Breach Products for Businesses

Beazley has unveiled major enhancements to its Beazley Breach Response (BBR) product.  Launched over three years ago, BBR includes a ...

From MyNewMarkets.com New National Parks' Insurance Requirements Ignite Controversy

A National Parks Service (NPS) decision to hike their required insurance liability limits by 1,000 percent has some outfitters and guides,...
East

Massachusetts Strikes Down 18.8% Workers’ Comp Rate Hike Proposal

Massachusetts Division of Insurance announced Thursday that it has rejected a request to raise the state's workers' compensation rates by ...

New York’s MTA Files Claims to Recover $65M From 2011 Storm Losses

New York's Metropolitan Transportation Authority is submitting claims to insurers and the federal government to recover $65 million in ...

Police Prep for Labor Day Weekend Partiers

"A drunk driver killed someone I love," reads a sign on the Interstate 80 East exit ramp onto Route 611 in Stroud Township. It's the same ...

N.J.-Based York Risk Services Group Appoints New Division President

York Risk Services Group, a Parsippany, N.J.-based national provider of claims-management, specialized loss adjusting, insurance pool ...

Pennsylvania Hospital, Ohio Parents Settle Organ Donor Suit

An Ohio couple has settled their lawsuit against a northwestern Pennsylvania hospital they accused of killing their son to harvest his ...
Midwest

Families Sue over Kansas Grain Elevator Blast

Family members of four people killed in a grain elevator explosion last year in northeast Kansas are suing employees of Bartlett Grain Co., ...

Minnesota Sees Continued Drop in DWI Arrests

Minnesota public safety officials are reporting encouraging numbers in their campaign against drunken driving. An annual late-summer ...

BP Gas Recall Now 4.7M Gallons; Ohio, Southern Indiana Affected

BP says the size of its gasoline recall is now more than twice as large than previously reported at 4.7 million gallons distributed as far ...

Report: U.S. Corn Belt Benefits from Recent Rains

Some key U.S. farm states punished by the nation's worst drought in decades benefited slightly from recent rains, with more rain on the way ...
Southeast

Isaac Brings Heavy Rain, Strong Winds to Mississippi

A tow truck driver was killed Thursday morning in Pearl River County when a tree fell on his truck, the first death in Mississippi from ...

N.C. Authorities Announce Arrests for Alleged Insurance Fraud Schemes

North Carolina Insurance Commissioner Wayne Goodwin this week announced the arrest of Shacoria Vontravia Crawford, 24, of Charlotte, N.C. ...

West Virginia Offers Interactive Homeowner’s Inventory Chart

West Virginia regulators recently launched an online, interactive homeowner's inventory chart. Available for free from the W.V. Offices of ...
South Central

U.S. Insured Losses from Hurricane Isaac Could Reach $2B: AIR

Catastrophe modeling firm AIR Worldwide estimates that insured losses from Hurricane Isaac to onshore properties in the U.S. will be ...

Thousands Evacuated as Isaac Floods Outside New Orleans

Isaac continued to pour unrelenting rain on Aug. 30, flooding areas north and south of New Orleans even as the city's fortified defenses ...

OSHA Cites Louisiana Gas Plant after Blast Left 1 Hurt

The U.S. Department of Labor's Occupational Safety and Health Administration has cited Plains Gas Solutions LLC in Eunice, La. following a ...

About Half of Louisiana Without Power as Isaac Moves Further Inland

About half of Louisiana was without power on Aug. 30 as Tropical Storm Isaac moved inland. The Public Service Commission said 903,000 homes ...
West

Fat Tire Maker Says River Water Tainted By Colo. Wildfire

The maker of Fat Tire beer says it's using a reserve water supply because the water in northern Colorado's Poudre (POO'-der) River is ...

Court Mistakenly Posts Secret San Bruno Settlement

A California court has mistakenly posted secret Pacific Gas & Electric settlement documents showing more than $2 million went to a ...

Washington Given $50,000 For Tsunami Debris Bags

The National Oceanic and Atmospheric Administration has given the state of Washington $50,000 to help pay for trash bags and bins to ...

Insurance Laws Hurting Colorado Wildfire Victims

Victims of wildfires that destroyed more than 600 homes this year say Colorado's insurance laws need to be changed. State officials told ...
International

Hurricane Kirk in Mid-Atlantic; TS Leslie May Hit Bermuda: NHC Reports

Two tropical cyclones – Hurricane Kirk and Tropical Storm Leslie – are currently active in the middle of the Atlantic Ocean. The ...

UPDATE: Validus’ Flagstone Re Buy Examined

 Reinsurer Validus Holdings Ltd said it will buy Flagstone Reinsurance Holdings for about $600 million in cash and stock to boost its ...

Willis Research Sees Fewer, but Stronger, Hurricanes in Future Years

New research from the Willis Research Network (WRN) addresses scientific forecasts that "global warming is likely to lead to stronger ...
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LexisNexis Insurance Exchange Gets New Leader, New Drive

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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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New Discussions in the Forums

Insurance Pro AMS - Any experience?
Posted: Fri Aug 31 -- Insurance Pro is a good system that has come a long way since I first implemented it into the agency. I run Insurance Pro in a non-standard... gmooreINS
Why I believe in insurance agents
Posted: Fri Aug 31 -- That cartoon lizard is the reason that company has been gaining on all its competitors. They invest heavily in advertising and it's paid off... FullAuto
Auto Body and Auto Repair Shop Loaner Car Phy Damage
Posted: Thu Aug 30 -- Looking to indentify Package carriers or programs that have a willingness to quote the Non Owned/Hired as well at the Physical Damage... Santa Rosa Ins Broker
Progressive Weasling?
Posted: Thu Aug 30 -- Of course your insured is not legally liable. Unless they failed to properly maintain their vehicle thereby increasing the likelihood of a... yoyowordup
Motor Cycle dealer WC (CA)
Posted: Thu Aug 30 -- JAM, Kawasaki Dealer's Benefits Company has an exclusive program for motorcycle dealers that includes your commerical insurance, worker's... CindyWelch
Monoline DPD- IA, MN, IL, WI??
Posted: Wed Aug 29 -- I have an admitted program, and can write in those states with the exception of MN. I would have to write the WHOLE account. Not just DPD. I... Adame526
Insurance aggregators/Groups for personal lines
Posted: Wed Aug 29 -- Hi Andy, I would like to discuss this in greater detail, but when i called that number, the person said it is the wrong number. Is there... kevin316
Splits
Posted: Tue Aug 28 -- I started a P&C agency within an existing company. Started with base salary and moving to commissions this year. I perform all agency tasks... mrnewbie
Life Agent working for P&C Agency
Posted: Mon Aug 27 -- I would like to know if anyone reading this has successfully worked with a P&C agency to sell life insurance and maintained their... austex

Reader Comments

Oklahoma Lawmaker Wants More Money in Workers' Comp Case
Posted: Mon Aug 27 -- Kind of knocked goofy?? I'd say you were already goofy to begin with. A State legislator milking the system. And a Republican at that! Seems... Say What?
Employers Committed to Offering Health Plans; Cost Seen Going Up 5.3% in 2013
Posted: Tue Aug 28 -- Our health insurance benefit is being canceled next year and we will be paid the amount of the current contribution minus the fine for not... Sarah
Ex-NFL Player John Mott Sues in N.Y. for Head Injury
Posted: Wed Aug 29 -- Another pampered millionaire athlete whinning about something he knew about since he started playing peewee ball. YOU WEAR A HELMET FOR A... CSP
Judges Tout Wikipedia in 'Jet Ski' Exclusion Ambiguity
Posted: Mon Aug 27 -- Jet Ski is a registered trademark of Kawasaki, but the lower case term 'jet ski' is a popular term synonymous with 'personal watercraft'... ineedjava
Philadelphia Residents Among Worst Drivers in Nation: Allstate Report
Posted: Wed Aug 29 -- Massachusetts, last I knew. Al E. Gator

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