Daily Headlines: Friday, October 5, 2012

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October 5, 2012 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Lawmaker Warns of New Cyber Threats to U.S. Financial Networks The head of the House of Representatives Intelligence Committee said on Thursday that significant new cyber threats to U.S. financial ... Facebook IPO Lawsuits to Be Heard in Court in New York Dozens of lawsuits against Facebook Inc., the NASDAQ exchange and various underwriters will be centralized before a federal judge in New ... 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. For the last two... More National News East Allstate Agents Returning to Massachusetts After 25 Years Allstate Insurance Co. is reopening brick-and-mortar offices in Massachusetts after a quarter century of absence. Back in 1987, the ... Md. Consumers Receive $2M in Restitution From Erie Insurance Companies Regulators said Maryland consumers received nearly $2 million in refunded premium and interest payments -- after an investigation by the ... Connecticut Insurance Department Names New Captive Manager Connecticut Insurance Commissioner Thomas Leonardi today announced that John C. Thomson, a veteran risk management specialist, will manage ... WC Billing Company to Pay $1M for Alleged Overcharges in Massachusetts A workers comp pharmacy billing company has agreed to pay restitution after allegedly overcharging Massachusetts and a number of cities and ... More East News Midwest Lockton Expands Financial Services Team in Kansas City Privately held insurance broker, Lockton, recently expanded its global financial services team with the hiring of Michael Born in Kansas ... 11 Homes Destroyed in NW Minnesota Wildfire State officials now say 11 homes and 24 other structures were destroyed by the wildfire that threatened the northwestern Minnesota city ... South Dakota Town Hit Hard by Fires; Damage Costs Top $1.3M As Stephanie Bowers sifted through the charred remains of her mother's books, she paused and cried. Bowers' mother, Cheryl Roop, 59, died ... More Deer Collisions in Minnesota Metro Areas You might be surprised to learn it's not a rural county that leads the state in the most collisions between deer and vehicles in Minnesota. ... More Midwest News Southeast Florida PIP Reforms Reduce Hikes But Not Many Premiums Thus Far Florida regulators are optimistic that the state's no-fault auto reforms are having a positive effect on the market and will eventually cut ... Kentucky Recommends Anthem Health Plan as Benchmark for Insurers Kentucky has recommended that the Anthem Preferred Provider Organization serve as the benchmark plan for insurers in Kentucky under federal ... Zach Scruggs Denied Appeal on Judge Bribery Conviction The full 5th U.S. Circuit Court of Appeals has refused to hear an appeal from Zach Scruggs, who was implicated as having knowledge of a ... More Southeast News South Central Austin, San Antonio to Share $400K to Fight Intellectual Property Theft United States Attorney for the Western District of Texas Robert Pitman announced that the San Antonio Police Department and the Austin ... Katrina Victims Take on Hurricane Tour Operators Some New Orleans residents and city officials are pushing back against tour operators who bus out-of-towners into the city's Lower 9th ... LSU Gets $1.5M to Study Sustainability of Louisiana Coast Louisiana State University has been awarded $1.5 million from the National Science Foundation to investigate whether southern coastal ... More South Central News West Father and Daughter in Central Calif. Workers' Comp. Fraud Must Repay Over $600K Jerry Buffington, 69, and Cynthia Russell, 47, have pled guilty in Kern County Superior Court to one count each of workers' compensation ... Troubled Calif. Nuke Plant Aims To Restart Reactor The operator of California's troubled San Onofre nuclear power plant on Thursday proposed to restart one of the facility's twin reactors ... Drought Crushes Local Beef Industry In Hawaii National interest in locally grown food and grass-fed beef are catching on in Hawaii, offering ranchers an opportunity to sell cattle in ... N.M. Court Rules Against Residents Suing Oil Company New Mexico's Court of Appeals has ruled against a group of current and former Hobbs residents who sued an oil company because of illnesses ... Calif. State Fund May Recommend Workers' Comp Rate Drop in Days Editor's Note: This is the second in a series of articles to look at California's workers' compensation reform law in detail and what must ... More West News International CPC Forecasts Weak El Niño for Northern Hemisphere Winter The U.S. national weather forecaster still expects the much-feared El Niño phenomenon, which can wreak havoc on global weather, to remain ... Aon Benfield's Monthly Cat Recap Focuses on $7.5 Billion Asian Flood Losses Asian flood losses during the third quarter of 2012 aggregated more than $7.5 billion in economic losses, of which China was the worst hit ... Secure Legal Title Launches Lloyd's Coverage Secure Legal Title Ltd., a London-based provider of legal indemnity and title insurance, announced the registration at Lloyd's of "Secure ... Miller Opens Paris Office Specialist insurance and reinsurance broker Miller Insurance Services LLP has opened an office in Paris in a move to increase its ... Chief Investment Officer Blumer to Step down from Swiss Re Post Swiss Re's Board of Directors has announced that Chief Investment Officer David Blumer has decided to leave the company, ... Best Affirms XL Group's P&C Subs, XLIT Ratings; Outlook Stable A.M. Best Co. has affirmed the financial strength rating (FSR) of 'A' (Excellent) and issuer credit ratings (ICR) of "a" of the ... Best Revises HDI V.a.G., Talanx ICR Outlook to Positive; Affirms Ratings  A.M. Best Europe - Rating Services Limited has revised the outlook of the issuer credit rating (ICR) to positive from stable and affirmed ... More International News Insurance Journal Blogs Fla. Citizens' Surplus Note Depopulation Draws Broad Coalition Support A coalition of business and consumer interests are pushing for rapid approval of a plan floated by Citizens Property Insurance Corp. to ... More Blogs Join the Insurance Journal Network Insurance Journal TV Louisiana's Donelon on Isaac, Citizens, Lawsuits and More Despite taking a direct hit from Hurricane Isaac in late August, Louisiana probably won't see... Watch Now Agriculture Business Prepared for This Year's Drought Record high temperatures in the Midwest have farmers facing the worst drought in over 20 year,... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Pizza W/ delivery WC in CA Posted: Thu Oct 4 -- I need to know what carriers write pizza Wc with more than 10% delivery exposure. Our current carrier wont write it as it is not a... JAM Primary Flood MO Posted: Thu Oct 4 -- Who is a market in Missouri for primary flood insurance on a residential rental duplex in a community that does not participate in the NFIP... Midwest-Bill Will old CPCU books work for the new CPCU exams? Posted: Thu Oct 4 -- Actually, in my biology degree, most of the teachers allowed older edition books since the material was very similar. The only ones that... NCPCLHagent Non-profit with incidental international exposure Posted: Wed Oct 3 -- Rob, Chartis has a World Risk Foreign package that allows you to pick and choose the coverages you need at very reasonable prices. Haven't... rcb CPCU - Worth it right now? Posted: Wed Oct 3 -- Thinking of taking CPCU: what is the recommended order of difficulty from least to most? popeye Thoughts on some books? Posted: Sun Sep 30 -- Hey guys, I was wondering if anyone can give an opinion on the "insurance essentials" books from the National Alliance. There is one for... NCPCLHagent How to grow an Insurance Agency one client at a time. Posted: Sat Sep 29 -- I agree with all of you. I am new to this business and have seen my share of people that simply chase the commission. Don't get me wrong, I... m2insurance National Agents Alliance? Legit or Keep Away? Posted: Fri Sep 28 -- Sounds like a sales pitch from NAA. I've never heard any agent be positive about their experience with them. MarcMeyers Go to Forums Reader Comments How Dangerous Is Distracted Walking? N.Y. Transport Chief Weighs In Posted: Tue Oct 2 -- When the pedestrian is at fault for their lack of attention and the auto policy comes into play for indemnity...Yes, that is becoming quite... Ghost Americans Do Not Expect Total Repeal of Health Care Law: Poll Posted: Tue Oct 2 -- What does the amount of underwriting leverage for an insurance carrier have to do with cutting reimbursements to hospitals? I don't the... Libby TWIA Study Recommends Lowering Agent Commissions Posted: Tue Oct 2 -- The same problem exists in Florida with our Citizens Insurance Company. Agents don't want to put clients in with Citizens, but the options... Cheetoh Mulligan Poll: Majority of N.J. Voters Support Requiring Pet Seat Belt Use Posted: Fri Sep 28 -- I will have to move the kids inside. And I'm NOT gonna do it!!! But, Shirley (opps), that means NYC to Taxi Riders: Look for Bikes Near Your Door Posted: Fri Sep 28 -- Great idea! I think they should also look out for other cars, trucks and joggers too. And maybe motorcycles. 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