Tuesday, September 25, 2012

Daily Headlines: Tuesday, September 25, 2012

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Insurance Journal Daily Headlines
September 25, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

White House Readies Executive Order on Cybersecurity

The White House is preparing to direct federal agencies to develop voluntary cybersecurity guidelines for owners of power, water and other ...

Insurers Begin Providing Health Plan Buying Guides

The Obama administration on Monday began requiring health insurers to provide user-friendly guides to patients that explain their benefits, ...

Zurich Names CEO of Global Corporate in North America

Zurich, a property/casualty insurance provider globally and in North America, appointed Dan Riordan as CEO of its Global Corporate in North ...

EPIC Expands into Vintage Auto, Racing Industry

EPIC (Edgewood Partners Insurance Center), a retail property, casualty and employee benefits insurance brokerage, has formed a new ...

National Interstate Adds Workers' Comp to Passenger Program

National Interstate Insurance Co., a provider of transportation insurance, will add workers' compensation to its traditional insurance ...

From MyNewMarkets.com The Wait is Over: MyNewMarkets.com is Now Better than Ever

MyNewMarkets.com has relaunched with a major site redesign that includes user-friendly enhancements to its search function...
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East

Analysts Express Comfort in Marsh & McLennan's Succession Plan

A number of analysts have issued favorable comments for Marsh & McLennan Companies' CEO Brian Duperreault and his successor, Chief ...

USI Completes Acquisition of TD Bank's U.S. Insurance Subsidiary

USI Insurance Services, a brokerage and financial service firm based in Briarcliff Manor, N.Y., said Monday it has completed the ...

M&A Inks Partnership Deal With Maestro Specialty in N.Y.

Merger & Acquisition Services Inc. (M&A), an investment, advisory and financial services firm to the re/insurance industry, announced a ...

Penn. Doc Sentenced to 11 Years in Prison for Overprescribing Drugs

A federal judge in Pittsburgh has sentenced a physician to more than 11 years in prison and ordered him to pay $700,000 to two insurance ...
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Midwest

Planned USD Student Center Upgrade Sparks Copyright Lawsuit

A Massachusetts architectural firm has sued a competitor in South Dakota, accusing it of using the firm's copyrighted designs in a planned ...

Deadline for Cheap North Dakota Flood Rebuilding Loans Looms

Jessica Henderson's Minot home had just been painstakingly gutted and remodeled, from the basement on up, when the flooding Souris River ...

Certified Professional Insurance Agent Classes Return to Indiana

Professional Insurance Agents of Indiana (PIA), a statewide association of local, independent insurance agents, is the newest sponsor of ...

South Dakota's Northern Plains Insurance Declared Insolvent

A Watertown, S.D., insurance company has been placed into liquidation by state insurance regulators. A liquidation order issued by the ...
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Southeast

Florida's Citizens Defends Proposed 11.2% Rate Increase at Hearing

Executives of Florida's state-backed insurer defended a proposed statewide average 11.2 percent increase in homeowners rates as regulators, ...

Alabama Prepares Crackdown on 90,000 Uninsured Motorists

A driver's chances of being hit by an uninsured motorist in Alabama may go down after Jan. 1. That is when a new system will start cracking ...

Georgia Food Manufacturers Not Following 'Red Flag' Reporting Law: Audit

Food manufacturers in Georgia may be dodging a first-of-its-kind law requiring that they inform state food inspectors when their products ...
South Central

Landrieu: Homeowners Entitled to Insurance Money, not Lenders

U.S. Senator Mary L. Landrieu, D-La., announced that the U.S. Department of Housing and Urban Development (HUD) has urged Federal Housing ...

Work-Related Fatalities in Louisiana Decline

The number of work-related fatalities in 2011 in Louisiana declined to 109, according to a preliminary report by the U.S. Bureau of Labor ...
West

Colorado Officials Take Sides in Fracking Dispute

Some 60 mayors and city council members from 17 communities have asked Colorado Gov. John Hickenlooper to have the state drop a lawsuit ...

20 Homes Destroyed In Southern California Wildfires

A 4-square-mile wildfire in a rural San Diego County community has destroyed at least 20 homes and has left one man dead. The Shockey Fire ...

Monsoon Ends After Dismal Rain Year For N.M.

New Mexico's summer monsoon season began with promise but has now ended with disappointing amounts of rainfall across much of the state. ...

Union Study Recommends Changes at N.M. Fire Agencies

A new study concludes that firefighters aren't capable of responding to calls within nationally recommended time frames in certain parts of ...

BB&T Taps Robinson as Agency Operations Manager in Calif.

BB&T Insurance named Andrea Robinson agency operations manager for its Pleasanton, Calif. office. Robinson brings 20 years of experience ...

Poms & Associates Names Boore VP in Northern California

Woodland Hills, Calif.-based Poms & Associates Insurance Brokers Inc. named Scott Boore vice president in the employee benefits and risk ...

EEOC Sues Colorado Company for Axing Employee with Bipolar Disorder

Dillon Cos., which does business in Colorado as King Soopers Inc., a large retail food company, refused to accommodate and unlawfully fired ...
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International

New SARS-like Virus Detected in Middle East

British health authorities have alerted the U.N. of a new respiratory virus that resembles SARS in a severely ill patient who recently ...

ABI Issues Guidance for Impending 'Gender-neutral' Insurance Pricing

With three months to go until the European Court of Justice ban on insurers taking a person's gender into account when calculating premiums ...

WMO Expects El Nino Development in Sept-Oct

An El Nino event, usually associated with significant changes in rainfall, is likely to develop this month and next in the Pacific, ...

W. R. Berkley Names Jiménez to Top Spanish Post as Esteban Steps Down

W. R. Berkley Corporation announced that Alejandro Jiménez has been promoted to presidente ejectutivo of W. R. Berkley Insurance ...
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Swiss Re's Chief Economist on the State of the Global Economy

The re/insurance industry is subject to the vagaries of the global economy, about which it can...
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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

Swimming Pool Contractor in NY
Posted: Tue Sep 25 -- Does anyone know of a market for a pool contractor(installation and service) in New York? Thanks. genxagent
Agency Management System
Posted: Mon Sep 24 -- We are currently looking into switching from TAM Online to a system made by Impowersoft called "Aspire". I have done a few demos and played... Jcoy12
Producer book buy out
Posted: Mon Sep 24 -- If the Producer owns the book of business prior to going to work for the insurance agency the Producer should negotiate the ownership of the... Lurac
CA State Fund, wtf!!!
Posted: Mon Sep 24 -- Is it just me or have things gotten worse over there since the thread was last commented on? We have been told to wait a month for quotes.... paulbennings
National Agents Alliance? Legit or Keep Away?
Posted: Fri Sep 21 -- You answered all your concerns in two sentences: "I actually hate sales jobs. I am only semi-interested because people have supposedly... jackwehoca

Reader Comments

Tax Penalty to Hit 6 Million Who Don't Buy Health Insurance by 2016
Posted: Mon Sep 24 -- Dont be an Obamazombie! Vote - Mit Romney and repeal and replace! Only an idiot would vote for Obama after his dismal record on getting... Sarah
Hanover Insurance Group Advises Dog Owners to Take Protective Measures
Posted: Wed Sep 19 -- "Avoid exposing the dog to new situations...." How about this, expose the puppy to every new situation you can! Early and often. A well... ssalz
North Carolina Farm Bureau's Credit Rating Lowered
Posted: Wed Sep 19 -- FB has been buying business and severely undercutting other carriers for years, and now they're seeing the fruits of their work -... NC P&C Agent
Young Illegal Immigrants May Get Driver's Licenses
Posted: Tue Sep 18 -- Sounds like a smart girl. Why doesn't she just become a legal citizen and then get her license like she should!?? m & m

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September 24, 2012
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Professional Liability Directory; The Best Insurance Agencies to Work For; Inland Marine

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