Tuesday, October 2, 2012

Daily Headlines: Tuesday, October 2, 2012

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Insurance Journal Daily Headlines
October 2, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Physicians Failing to Treat Narcotics Abuse by Injured Workers: Study

Nearly 1 in 12 injured workers given narcotics are still on them 3 to 6 months later as few doctors appear to be following recommended ...

Challenges, Opportunities of Health Exchanges, New Insureds

The 12 million Americans expected to begin enrollment in health insurance exchanges next year represent a customer base of new insureds ...

AIG Targeted as Likely 'Systemically Important' Financial Firm

Insurance giant American International Group Inc. said that it has received a notice from the Financial Stability Oversight Council (FSOC) ...

Supreme Court Lets Black Brokers' Bias Case Against Merrill Proceed

The U.S. Supreme Court refused to consider an appeal by Bank of America Corp.'s Merrill Lynch unit of a ruling that allowed black brokers ...

AIG Unveils New 'Refreshed' Logo

American International Group today revealed a refreshed AIG logo, featuring a modernized design and new color palate.The updated logo will ...

Best Affirms QBE's U.S. Subsidiaries Ratings; Upgrades Some ICR's

A.M. Best Co. has affirmed the financial strength rating (FSR) of 'A' (Excellent) and the issuer credit ratings (ICR) of "a+" of the pooled ...

From MyNewMarkets.com Equity Risk Partners Launches Government, Defense Contractor Practice Group

Equity Risk Partners, an insurance brokerage, employee benefits and risk management consulting firm, has launched a new practice group for...
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East

Ryan Specialty Group Acquires Atlantic Star Intermediaries in New York

Chicago-based Ryan Specialty Group L.L.C. announced Monday that its wholesale arm R-T Specialty L.L.C. has acquired assets and operations ...

How Dangerous Is Distracted Walking? N.Y. Transport Chief Weighs In

New York City saw a rise in the citywide traffic fatality figure for the last fiscal year that ended June 30. What could be causing this ...

A Look at Some New Laws Taking Effect in Maryland

Here is a glance at some of the new laws taking effect in Maryland October 1: CHEMOTHERAPY PARITY Health insurance companies will have to ...

The City of Northampton, Mass., Faces Steep Flood Control Bill

The city of Northampton, in Massachusetts, is facing an $800,000 bill to upgrade and maintain its storm water and flood control systems to ...
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Midwest

MJ Insurance Acquires Indianapolis-Based Mead & Company

Property/casualty and employee benefits agency, MJ Insurance, has acquired Indianapolis-based Mead & Company. Terms of the deal between the ...

Lockton Dunning Benefits Acquires Excelsior Solutions

Lockton Dunning Benefits, a Dallas-based employee benefits consulting company, has acquired Excelsior Solutions, a pharmaceutical and ...

US Fidelis Founders Sentenced to Prison in Missouri

The co-founders of defunct St. Louis-area auto service contract seller, US Fidelis, has been sentenced to prison on charges of stealing ...
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Southeast

Kentucky's New Mandatory Drug Tests Can Be Costly

Under a new law designed to curb prescription pill abuse, patients with long-term conditions requiring controlled substances have to submit ...

BrickStreet Remains Biggest Workers' Compensation Writer in West Virginia

BrickStreet Insurance is still the dominant workers' compensation insurer in West Virginia, despite competition from more than 200 other ...
Insurance Industry Trends
South Central

TWIA Study Recommends Lowering Agent Commissions

Among the top recommendations by a consulting firm hired by Texas insurance regulators to investigate and report on ways to restructure the ...

Oklahoma Agent Joins National Big 'I' Leadership Team

The Independent Insurance Agents & Brokers of America (IIABA or the Big "I") announced that Vaughn Graham of Tulsa, Okla., was installed as ...

Sinkhole Hits Businesses, Home Values in Rural Louisiana

Dennis Landry's bed and breakfast was in the middle of a record business year before a sinkhole prompted authorities to tell 150 households ...
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West

Feds Grant Hawaii $1.3M for Tsunami Sirens

The U.S. Commerce Department says it will grant Hawaii $1.3 million to upgrade its disaster preparedness system and build new tsunami ...

Washington Jury Awards $1.4M to Family Of Molested Girl

A Washington jury has awarded $1.4 million to the family of a girl molested by a former Olympia School District bus driver. The Olympian ...

County Sheriff in Colorado Settles Deaf Man's Lawsuit

The Adams County sheriff has agreed to provide sign language interpreters to deaf inmates in Colorado when they arrive at the county jail ...

Calif. Rating Bureau Drops Workers' Comp Advisory Rates

After a review of a workers' compensation overhaul bill signed two weeks ago by Gov. Jerry Brown, the Workers' Compensation Rating Bureau ...
International

At Least 37 Dead in Hong Kong Ferry Collision

At least 37 people died and dozens were injured when a ferry carrying more than 120 people on a company outing collided with another ferry ...

Brokers Report Keen Direct Line Interest; But Some Investors Wary

Stockbrokers involved in the planned stock market listing of British insurer Direct Line reported good interest from private investors in ...

Karen Clark & Co. Introduces RiskInsight® Platform for Cat Risk Managment

Boston-based Karen Clark & Company (KCC), independent experts in catastrophe risk, catastrophe models and catastrophe risk management, ...

Catlin Sponsors Demonstration of 'Touch Table' Technology

London-based Catlin Underwriting Agencies Limited, a unit of Catlin Group Limited, announced that it is studying how technological ...

WTO Director Lamy Says Doha Round Rescue in US, China's Hands

World Trade Organization Director General Pascal Lamy on Monday acknowledged the Geneva-based grouping has been a "disappointing" forum for ...

R K Harrison in Association with Chilean Broker Conosur

London-based R K Harrison Insurance Brokers and Conosur Corredores de Seguros Y Reaseguros (Conosur) announced that they have reached an ...
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Louisiana's Donelon on Isaac, Citizens, Lawsuits and More

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New Discussions in the Forums

Non-profit with incidental international exposure
Posted: Tue Oct 2 -- Have you tried Travelers, Chubb, or AIG? Those carriers should have an international coverage endorsement readily avaialble. wariline
Will old CPCU books work for the new CPCU exams?
Posted: Sun Sep 30 -- I took all the CPCU exams (elective ARM 56) with the exception of CPCU 556 last year so my material is all from 2011. I am selling all of my... 2013cpcu
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
CPCU - Worth it right now?
Posted: Fri Sep 28 -- these tests are not difficult if you study, I feel they are 300 level work at best. Take 2 or 3 at time and get it out of the way gregsmith5
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
Reliable Car Insurance Quotes
Posted: Tue Sep 25 -- A lot of local agents provide free quotes and some have the ability to bind policies online. Usually agents will sell you liability policies... txinsurance4
CA State Fund, wtf!!!
Posted: Tue Sep 25 -- And the fun is just beginning. Starting soon ,many agencies (under 100k in per annum premium I believe) are relegated to submitting all... jackwehoca

Reader Comments

EEOC Sues Colorado Company for Axing Employee with Bipolar Disorder
Posted: Tue Sep 25 -- I am very sympathetic to anyone with a debilitating illness, however if she cannot do the job after four months off, the company has the... dantheman
Florida's Citizens Defends Proposed 11.2% Rate Increase at Hearing
Posted: Tue Sep 25 -- TO Rep Fasano: Perhaps the customers of Citizens took a rate decrease without asking. The reality is that customers got a mitigation credit... Cheetoh Mulligan
Poll: Majority of N.J. Voters Support Requiring Pet Seat Belt Use
Posted: Thu Sep 27 -- You just TRY and get that darned thing 'round me, sucker. Go for it. See how far it gets ya. Al E. Gator
South Carolina Erotic Dancer Not Covered by Workers' Compensation
Posted: Thu Sep 27 -- The court did her a favor. She is now deemed a 3rd party by law, and will sue the pants off the club. Ted
Former FDIC Chair Bair Reveals Financial Bailout Details in Book
Posted: Wed Sep 26 -- of course, the mainstream media will completely ignore this book because it attacks Obama's darling, Tim Geithner. Insurance Geek

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September 24, 2012
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