Wednesday, August 15, 2012

Daily Headlines: Wednesday, August 15, 2012

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Insurance Journal Daily Headlines
August 15, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Driving Toward a Future Without Humans Behind the Wheel

It's been more than half a century since some of the first concept cars boasting self-driving features were presented to the world and ...

Future Impact of Self-Driving Cars Would Be Big: Study

Consulting firm KPMG and the Center for Automotive Research in Michigan released a report this month about how close the industry is to ...

Goldman Execs Win Dismissal of Mortgage, TARP Lawsuit by Shareholders

Goldman Sachs Group Inc. Chief Executive Lloyd Blankfein and other bank officials won the dismissal of a shareholder lawsuit accusing them ...

K&K Insurance Launches E-Commerce Option for Tenant Liablity Insurance

K&K Insurance Group, Inc, a sister company to Affinity Insurance Services, Inc. and a managing general underwriter, has launched a new ...

Chartis Introduces Network Security Product for Assurex Global Partners

Chartis and the partners of Assurex Global have formed an arrangement to offer their clients a customized network security and privacy ...

States Ranked by Obesity Rates

In 2011, rates of adult obesity in the U.S. remained high, with state estimates ranging from 20.7 percent in Colorado to 34.9 percent in ...

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

N.Y. Man Harnesses Social Media to Protest Against Progressive

Progressive Corp. is getting a lot of attention in the social media world this week. But it's clearly not the kind of attention the insurer ...

Number of Highway Deaths in Maine Up 50% Over Last Year

Public safety officials say the number of highway deaths in Maine is up 50 percent over last year.The Bureau of Highway Safety says 97 ...

N.H. Governor Signs Bill on Limits on Landowner Liability

New Hampshire landowners who let the public use their land for hunting, hiking and other recreational activities aren't required to keep ...
What Makes a Risk Insurable? New training from Insurance Journal's Academy of Insurance - Reserve Your Spot Today
Midwest

Indiana Fair Remembers Stage Collapse 1 Year Later

The Indiana State Fair came to a standstill on the night of Aug. 13 to honor the victims of a deadly stage collapse one year ago that ...

Texting South Dakota Driver Pleads Not Guilty to Manslaughter

A 21-year-old man accused of fatally injuring a motorcyclist while he was speeding and texting has pleaded not guilty to manslaughter ...

Melanson Joins OneBeacon as SVP, Medical Excess

Minnetoka, Minn.-based OneBeacon Professional Insurance (OBPI), a member of OneBeacon Insurance Group has appointed Daniel Melanson as ...

Hutchinson, Kansas Area Residents Concerned About Levee

The refusal of city and county officials to fund the improvement of a levee near an unincorporated section of Hutchinson has prompted ...
Secrets of Insuring Restaurants: Overview of Restaurant Coverage New training from Insurance Journal's Academy of Insurance - Reserve Your Spot Today
Southeast

Tennessee Discrimination Suit Proceeds Under ‘Cat’s Paw’ Liability Theory

A Tennessee civil court is allowing a man to pursue a racial discrimination lawsuit after being reprimanded for his role in a questionable ...

North Carolina Elections Board to Weigh Insurance Commissioner Campaign Complaint

State Board of Elections officials likely will use a less severe method to consider campaign finance accusations made by North Carolina ...
South Central

Bastrop, Texas, Residents Putting the Past Behind After Wildfire

Gary Bonnette had traveled with his wife Cynthia and son Aaron to San Antonio to visit family members when he got a phone call saying his ...

Oil Boom Brings Scarcity of Workers in Small Towns

The prison in Woodward, Okla., is so short on guards that inmates can sometimes just walk away. A gas station barely has enough cashiers to ...

5 Hurt as Storms Move Through Southern Oklahoma

Authorities say several people were injured and some structures were damaged when severe thunderstorms moved through southern Oklahoma. ...
West

Calif. Refinery Fire Site Too Dangerous For Investigators

Federal and state investigators are trying to determine how to safely enter the area where a fire broke out in a Chevron Corp. refinery ...

Judge tosses student injury lawsuit against University of Idaho

A state judge has dismissed a lawsuit filed against the University of Idaho by a student who fell from a fraternity house window in 2009. ...

Wildfire Destroys 60 Homes in Washington

A wildfire between the northwest Washington towns of Cle Elum and Ellensburg at the eastern edge of the Cascade Mountains has prompted the ...

Ore. Groups To Organize Tsunami Debris Volunteers

Four nonprofit groups say they will team up to organize and coordinate Oregon volunteers working on tsunami debris. The World of Coos Bay ...

General Star Expands Admitted Real Estate Product to California Agents

General Star Management Co. has made its admitted professional liability coverage for real estate agents available in California. ...

Lawyers Throw Workers' Comp Deal on the Rocks

A highly sheltered workers' comp reform proposal being quietly passed around California's capitol has the potential to make some noise ...

Atlas Taps Daschle As Senior Network Administrator

San Diego, Calif.-based Atlas General Insurance Services named Lance Daschle as senior network administrator. Daschle will oversee Atlas' ...
International

Standard Chartered Reaches $340 Million Settlement in New York over Iran

Standard Chartered Plc agreed to pay $340 million to New York's bank regulator over transactions linked to Iran, in a speedily arranged ...

Ebix Acquires Online Insurance Tech Provider TriSystems

Atlanta-based Ebix, Inc, a supplier of On-Demand software and E-commerce services to the insurance industry, announced that it has acquired ...

Insurance Deal Lets India Resume Shipping Iran Oil

India has joined Japan in offering government-backed insurance for ships carrying Iranian crude in order to bypass European sanctions that ...

IBC Estimates Alberta Wind, Thunderstorm Insured Losses over $100 Million*

The Insurance Bureau of Canada (IBC) reports that the estimated insured damage caused by the recent severe thunderstorm event that hit the ...

Catlin Names Curran to Head London Casualty Operations

The Bermuda-based Catlin Group Limited announced that Daniel Curran has been appointed Head of Casualty for Catlin's London based ...
Sponsored Content

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Insurance Journal Blogs

The Most Important Thing You Do for Your Marketing Efforts in the Next 3 Months

MyNewMarkets.com is changing the way agents find products listed by markets on the site. We're making the move over to tags instead of ...

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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

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
ARM
Posted: Tue Aug 14 -- I have both the CPCU and ARM. In my opinion both are good, but I find I USE what I learned in the ARM much more than CPCU. The ARM helps me... gregsmith5
Adding Value? Who Cares? And, who gets mad?
Posted: Tue Aug 14 -- @been around- Your advice makes a great deal of sense, however there appears to be another side to this story. Just playing devils advocate,... sacman
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

Md. Catholics Embark on 100-Mile Walk to Protest Birth Control Coverage
Posted: Wed Aug 8 -- Ths point is, if those institutions are for-profit,the Church can not use it's status as a religious entity to protest. My employer may not... libby
New York Enacts Law Allowing Gifts Worth Up to $25 From Producers
Posted: Thu Aug 9 -- While the politicians receive gifts of equal to thousands of dollars, they "approve" of a gift limit of $25 for producers. You can't even... DES
Calif.'s 9th Circuit Hands Former NFL Player Worker's Comp Loss
Posted: Wed Aug 8 -- He played 19 years in the NFL! If you play professional football for that long I am sure you will have some soreness and pain. Football is a... NCAgent
Increased Chance of Above-Normal Atlantic Hurricane Season Despite El NiƱo
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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