Daily Headlines: Wednesday, October 3, 2012

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October 3, 2012 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National New York's Fraud Suit Against JPMorgan May Aid Private Lawsuits New York state's lawsuit against JPMorgan Chase & Co. alleging fraud in mortgage-backed securities sold by Bear Stearns may be one of the ... Health Plan Cost Rate Hikes Lower for Large Employers in 2012: Aon In 2012, large U.S. companies and their employees saw the lowest health care premium rate increases in six years, according to an analysis ... Supreme Court Weighs Government Liability Under Credit Reporting Law The U.S. Supreme Court on Tuesday considered whether the federal government could be liable for money damages by printing confidential ... Alteris, Allied World to Offer New WaterPlus Program Alteris Inc., a wholly-owned subsidiary of Argo Group International Holdings, Ltd. has launched of an expanded WaterPlus Program in ... IronHealth Launches Financial Risk Products for Healthcare Organizations IronHealth, the specialty healthcare unit of Ironshore Inc., has launched two financial risk products designed for healthcare ... Equity Risk Partners Launches Defense, Government Contractor Practice Group Equity Risk Partners, an insurance brokerage, employee benefits and risk management consulting firm, has launched a new practice group for ... 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... More National News East Rhode Island Aims to Improve Highway Safety, Reduce Deaths Rhode Island's governor has signed a plan designed to reduce fatalities and serious injuries on the state's roadways. Gov. Lincoln Chafee ... Virginia Agent Arrested for Allegedly Embezzling Premium Payments Virginia authorities announced a local insurance agent is facing a handful of federal charges related to fraud.Graham Hutson Messer, 32, of ... Marsh Executive Stein Moves to Aon Risk Solutions in New York Aon Risk Solutions, the global risk management business of Aon plc, appointed Robert Stein as U.S. middle market chief broking officer. He ... SIAA Adds 2 New Agency Members in Northeast The Strategic Insurance Agency Alliance (SIAA), a national alliance of over 4,000 independent insurance agencies, enrolled two new agency ... For Elderly Drivers, Families Can Help Decide When to Give Up the Keys Ruth Lape of Somerset, Pennsylvania, decided to stop driving in 1999, but it wasn't because of any limitations that she felt she ... More East News Midwest The Daniel and Henry Co. Opens Chicago Office St. Louis, Mo.-based The Daniel and Henry Co. announced it has opened an insurance operation in Chicago. The new office includes the ... IMA Promotes 3 in Wichita, Kansas Insurance broker IMA Inc. announced it has promoted Craig Schumacher, Tim Smith and Russ Winn in its Wichita, Kan., office. Schumacher is ... Michigan Agent Rises on National Big "I" Leadership Team The Independent Insurance Agents & Brokers of America (IIABA or the Big "I") announced that David Allen Walker was installed as the ... More Midwest News Southeast Tennessee Court Upholds Man's Paternity Fraud Claim The Tennessee Supreme Court has ruled in favor of a man who was misled into thinking he was a father and ordered the child's mother to ... Alabama Governor Won't Implement Part of Health Law Gov. Robert Bentley announced this week that he won't implement part of the federal Affordable Health Care Act in Alabama. Bentley's aides ... ICW Group Names Lysak Branch Manager for Workers' Comp in Carolinas ICW Group Insurance Companies has named Suzanne Lysak as its workers' compensation branch manager in North Carolina and South Carolina. ... More Southeast News South Central HCC Succession Plan Moves Forward Houston-based HCC Insurance Holdings Inc. is moving forward with its previously announced CEO succession plan. John N. Molbeck, Jr. will ... Texas' 99 Cent Stores Fined $121K for Safety Violations The U.S. Department of Labor's Occupational Safety and Health Administration has cited Commerce, Calif.-based 99 Cent Only Stores Texas ... HUD Paves Way for New Hospital in Katrina-Hit Area New Orleans Mayor Mitch Landrieu has announced federal mortgage insurance approval that will allow construction to begin on a full-service ... More South Central News West Agriculture Pest Targeted In Southern California Agriculture officials are targeting crop-destroying Oriental fruit flies in Southern California's Santa Clarita Valley. Mature Oriental ... Hawaii Sets Insurance Minimums For Health Care Hawaii has set minimum standards for health care insurance plans that can be sold in Hawaii under new federal guidelines. Hawaii Gov. Neil ... HEMIC Names Welch CEO in Hawaii Martin J. Welch was named chief executive officer and senior underwriting executive at Hawaii Employers' Mutual Insurance Co. Welch was ... More West News International Lloyd's Analyzes Repercussions of Thai Flood Losses a Year Later Lloyd's has published an analysis of the floods that hit Thailand in October 2011, which notes that "after weeks of slowly spreading their ... Finaccord Analyzes Prof. Indemnity Insurance in Australia, Canada, So. Africa New research, conducted by market research consultants Finaccord, reveals that "competition among underwriters of professional indemnity ... Probe into Fatal Hong Kong Ferry Collision May Take Six Months Hong Kong authorities began inspecting the wreckage of a leisure boat on Wednesday amid questions over how a collision with a commuter ... Gesick Joins AXIS Capital as Group Chief Actuary Bermuda-based AXIS Capital Holdings Limited announced that Eric Gesick has joined the Company in the new position of Group Chief Actuary. ... Best Upgrades Hyundai Marine & Fire, China Sub's Ratings A.M. Best Co. has upgraded the financial strength rating (FSR) to 'A' (Excellent) from 'A-' (Excellent) and issuer credit rating (ICR) to ... R K Harrison Cyber Liability Policies to Include Pre-Incident Cyber Services Employee-owned insurance broker R K Harrison has contracted with Stroz Friedberg, a global digital risk management and investigations firm, ... More International News Sponsored Content Have You Selected Your Access Partner to the CA State Fund? Deadline Passed But StateFund First Can Help! Check it out. Insurance Journal now available on the iPhone - Download it free today! More Sponsored Content Insurance Journal Blogs Rate Hikes Approved for Florida Citizens The Florida Office of Insurance Regulation 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 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 Will old CPCU books work for the new CPCU exams? Posted: Wed Oct 3 -- If you were in college, would you use older edition textbooks to study with? Probably not. The books from 2009 might....emphasis MIGHT still... Big Dog Non-profit with incidental international exposure Posted: Wed Oct 3 -- There is work at home exposure so Travelers declined. I don't have access to Chubb. If by AIG you mean Chartis, they are a no go as well.... Rob 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 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 Go to Forums Reader Comments 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 Drivers May Be Unaware of Texting Habit: Study Posted: Thu Sep 27 -- This is ridiculous. I don't believe for a second that a person is driving takes their phone out and responds to a text and doesn't know it,... Fred Shaw 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... 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