Thursday, October 25, 2012

Daily Headlines: Thursday, October 25, 2012

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

Today's Headlines

National

Will Regulatory Reform Trigger Doomsday for Captives?

If you're startled by this headline, you're not alone. Until recently, the words "reform" and "captive" were rarely used in the same ...

Caffeine Levels in Energy Drinks Don't Always Match Labels: Study

Energy drinks do not always divulge how much caffeine they contain, and when an amount is listed on a label, it is not always accurate, ...

Child Boosters Improve: Insurance Institute for Highway Safety

Fifteen of 17 booster seats introduced in 2012 earn the top rating of BEST BET from the Insurance Institute for Highway Safety, evidence ...

Insurance Software Firm Ebix Partners With E-Signature Provider Silanis

Atlanta-based insurance software and e-commerce platform supplier Ebix Inc. is partnering with electronic-signature services provider ...

From MyNewMarkets.com Markets in Motion: Insuring Wineries

The wine industry is a large and diverse market, and it just keeps growing. The U.S. is currently the largest wine maker in...
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East

Plot Thickens for Del. Commissioner Race; Libertarian Halts Campaign

The Libertarian Party candidate for Delaware insurance commissioner is suspending his campaign and endorsing the Republican challenger ...

How to Catch Texting Drivers? Conn., Mass. Get $550K Grant to Find Ways

The National Highway Traffic Safety Administration (NHTSA), part of the U.S. Transportation Department, said this month it is providing ...

Arthur J. Gallagher Acquires Park Row Associates in Rhode Island

Itasca, Ill.-headquartered global insurance broker Arthur J. Gallagher & Co. has acquired Park Row Associates Inc. in Providence, R.I., ...

N.Y. Auto Repair Shop's Lawsuit Against Progressive Allowed to Proceed

A New York-based auto body shop has been allowed to move forward with its lawsuit that accuses Progressive Insurance Group Company and its ...
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Midwest

Court: North Dakota Tree Owners on Hook for Neighbor Damage

North Dakota tree owners take note: If your tree's branches damage your neighbor's house, he or she may be able to get into your pocket. So ...

3 Nebraska Insurance Execs Sent to Prison for Investment Scheme

Three people, including two principals of an insurance firm, who were convicted in a fraudulent Nebraska investment scheme have been ...

A.M. Best Places Ratings of Meadowbrook Insurance Group Under Review

A.M. Best Co. has placed under review with negative implications the financial strength rating (FSR) of A- (Excellent) and issuer credit ...

Kansas City Officer Suspended over Insurance Fraud Charges

Kansas City, Mo., police officer accused of crashing his 2001 BMW for the insurance money has been suspended without pay. The Kansas City ...

ACE USA Selects Kinsella to Lead Midwest Region

Kelley Kinsella has been appointed senior vice president and regional executive officer for ACE USA's Midwest Region. Kinsella will be ...
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Southeast

North Carolina Regulator Calls for Hearing, Delay on Home Insurance Rates

Two weeks ahead of an election deciding whether he keeps his job, North Carolina's insurance commissioner told companies they'll have to ...

West Virginia Tops State Farm's Deer-Vehicle Crash List

State Farm says West Virginia continues to be the state where a vehicle is most likely to hit a deer.The Mountain State tops State Farm's ...

Miss. Motorist Sentenced for Fraudulently Filing Duplicate Claims

Authorities in Mississippi announced this week that a local motorist will spend 12 months in jail for committing insurance fraud. Motorist ...

FEMA OKs Storm Recovery Aid for 16 W.Va. Counties

Federal disaster assistance is available for residents and business owners in 16 West Virginia counties hit by a June windstorm. The ...

Florida's Citizens President Gilway: Staff Firings Premature

In the face of criticism, the top executive of Florida's state-backed property insurer acknowledge his decision to close the insurer's ...
Scary Insurance Dreams from Academy of Insurance
South Central

Louisiana Employment, Wages Increased in 2011

Employment in Louisiana increased by a modest 0.8 percent in 2011 compared with 2010, but wages grew by 3 percent during the same period, ...

Liens Filed Against Baton Rouge, Louisiana Casino

Four of the subcontractors that helped build L'Auberge Casino & Hotel Baton Rouge in Louisiana have filed liens against the property, ...

Houston-Based Construction Company Cited for Hazards at Highway Site

The U.S. Department of Labor's Occupational Safety and Health Administration has cited Williams Brothers Construction Co. Inc. with one ...
West

$450K For Fired Southern California Worker Who Tattled On Cocaine Use

A Hollywood visual effects specialist fired for reporting on-the-job cocaine use is getting at least $450,000 for wrongful termination. A ...

2012 Fire Season Among Worst On Record In Wyoming

This year's wildfire season was among the most destructive on record in Wyoming, with as many as 1,400 wildfires charring more than a ...

Alaska Disaster Declaration Now Covers Interior Flooding

A disaster declaration has been expanded to include three regions of Interior Alaska impacted by flooding in late September. The Fairbanks ...

Proposed Wyoming Uranium Facility Clears Final Hurdle

The state Department of Environmental Quality has approved a deep disposal well permit for a northeast Wyoming uranium mining project. It ...

Allied World U.S., Venture Underwriters Launch GL Program for Contractors

Allied World U.S. and Venture Underwriters, Inc. have entered into an agreement to provide a general liability program for commercial ...

California Commissioner Considering 'Force-placed' Regulations

A meeting slated for Thursday called for by California Insurance Commissioner Dave Jones to deal with "force-placed" insurance has cast the ...

Story: Cruise Sues Magazine in California Court for $50M

Actor Tom Cruise has filed a lawsuit in a California court against the publisher of Life & Style magazine over a story that suggested he ...
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International

Barclays Faces Libor Claim in Landmark UK Court Case

Barclays will face on Monday the first claim for damages stemming from manipulation of the Libor interest rate in a landmark case before ...

ANV Settles in as Lloyd's MGA, as Capacity and Syndicates Grow

There are now 78 operating syndicates at Lloyd's; 88, including Special Purpose and RITC syndicates. Although no new ones have so far ...

Hurricane Sandy Strengthens to Category 2: RMS

Sandy has strengthened to a strong category 2 hurricane prior to landfall on the Cuban coast, after crossing over Jamaica as a cat 1 ...
Scary Insurance Dreams from Academy of Insurance

Sponsored Content

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Minneapolis, MN, 10/25/12 -  Einsteinsurance, an online consumer knowledgebase, is offering a limited number of insurance agents free ...

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No Hard Market Until Economy Improves

While many in the industry see a hard or at least firming market, Alan Jay Kaufman is not...
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Insurance M&A Climate Today: Mystic's View

There have been some noteworthy mergers, especially among wholesalers. And there are signs...

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New Discussions in the Forums

Do I need to schedule fine arts?
Posted: Wed Oct 24 -- I don't recall your inquiry asking anything about perils. Scheduling fine arts has nothing to do with perils. Depending on the product, fine... darnovak
Motor Cycle dealer WC (CA)
Posted: Wed Oct 24 -- Maybe next year, i can swear RIC said no !!! JAM
Agency Management System
Posted: Wed Oct 24 -- Any opinions on QQ catalyst? We are a newer agency that will be purchasing our first management system. I have used Eclipse and the other... marcwsu
How to market for me?
Posted: Mon Oct 22 -- What are "structural difficulties" and "group benefits mandate"? yoyowordup
Non-profit
Posted: Mon Oct 22 -- They do not have any Vehicles CoJones

Reader Comments

Wisconsin Workplace Shooting Brings Call for New Law on Guns
Posted: Wed Oct 24 -- He ignored the restraining order and the laws associated with it - what makes anyone believe that additional legislation will prevent or... An American
Hamster Corralled After Oregon Driver Arrested For DUI
Posted: Fri Oct 19 -- Was the woman with the hamster driving a Kia Soul? Viking
Southern California Worker Dies in Tuna Plant Oven
Posted: Thu Oct 18 -- Folks, let the poor man rest in peace. Bob
Tax Penalty to Hit 6 Million Who Don't Buy Health Insurance by 2016
Posted: Thu Oct 18 -- Libby, Good going. You have no legitimate argument about your President so you do what other liberal Progressives do and demonize and call... Agent
Independent Agencies Continue Growing in Number, Revenues: Study
Posted: Fri Oct 19 -- There are a number of reasons this is happening. First and foremost, carriers are beginning (if ever so slightly) to see the value of a... Mr. Solvent

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