Wednesday, November 21, 2012

Daily Headlines: Wednesday, November 21, 2012

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Insurance Journal Daily Headlines
November 21, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Obamacare Rules on Pre-Existing Conditions, Benefits, Wellness Released

The Obama administration on Tuesday proposed new health insurance rules aimed at ending discrimination against the sick and guaranteeing ...

Insurers Go Beyond Paying Claims for Sandy Victims

According to the U.S. Chamber of Commerce, Superstorm Sandy affected 16 states causing unprecedented damage to the East Coast. As a result ...

Alcohol Raises Injury Risk, But Also Survival Rate

Injured patients were less likely to die in the hospital if they had alcohol in their blood, according to a study from the University of ...

Thieves Pass on Hybrid Toyota Prius

The Toyota Prius, the top selling hybrid electric vehicle in the U.S., has both an exceptionally low theft rate and a markedly high ...

How Businesses Can Protect Against Black Friday Litigation

Black Friday can be a great day for both retailers and consumers but the crowds and hysteria surrounding the kick-off to the holiday ...

Bickerton Named Senior Director of Analytics for AAIS

Bill Bickerton of Denver, Col. was recently named senior director of analytics for the American Association of Insurance Services (AAIS), ...

Federal Government Better at Exchanges Than Some States: Lehrer

The federal government is likely to do a better job of running health exchanges than some states, according to an insurance think tank ...

Why Driving Over Thanksgiving Week Is Dangerous: Alabama Study

Thanksgiving week is a dangerous time to be on the road, although it is becoming safer. Speeding, driving under the influence of alcohol, ...

From MyNewMarkets.com More Businesses Seek Government Flood Insurance After Sandy: Marsh

More businesses are expressing interest in purchasing flood insurance coverage from the National Flood Insurance Program (NFIP) in the wake...
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East

After Sandy, Uncertainty About Real Estate Market, Mortgages, Insurance

"Reduced for Quick Sale!" reads Mike Montalbano's Craigslist ad for the three-bedroom home he needs to sell before he can relocate for a ...

New York Sues Credit Suisse Over Mortgage Securities

New York Attorney General Eric Schneiderman brought a lawsuit on Tuesday accusing Credit Suisse Group AG of deceiving investors in ...

AIR Worldwide Survey Team Describes Sandy Losses in N.J., N.Y.

AIR Worldwide recently concluded damage survey of areas impacted by Superstorm Sandy, which made landfall on Oct. 29, five miles southwest ...

Conn. Regulators Recovered $2.3M for Policyholders, Taxpayers in Q3

Connecticut Insurance Commissioner Thomas Leonardi announced this week that the Connecticut Insurance Department recovered approximately ...

Study: New Jersey Beaches 30-40 Feet Narrower After Superstorm Sandy

The average New Jersey beach is 30 to 40 feet narrower after Superstorm Sandy, according to a survey that is sure to intensify a ...
Black Friday Deals from Academy of Insurance
Midwest

ISU Network Adds Offices in Illinois, Nebraska

San Francisco-based ISU Network announces two independent insurance agencies in the Midwest have joined the agency group. ISU welcomes ISU ...

Michigan Man Enters Plea in Buried Motorcycle Case

A Michigan man who authorities say buried a Harley-Davidson motorcycle in 2009 and claimed it was stolen to collect insurance money faces ...

Ohio Justices Order Six-Month Suspension for Ex-AG

The Ohio Supreme Court has ordered Marc Dann, who resigned as the state's attorney general in 2008 amid a sexual harassment scandal, to ...

Jury Awards Hallmark $31M in Trade Dispute

A federal jury has awarded Kansas City, Mo., greeting cards giant Hallmark Cards Inc. $31.3 million in damages from a company that ...
Southeast

Florida Gov. Scott Seeks Audit of Citizens Over Firings

Florida Gov. Rick Scott has asked Inspector General Melinda Miguel to investigate the recent firings of four Citizens Property Insurance ...

Florida OKs Allstate's Castle Key Rate Increases

Florida regulators have approved a statewide average rate increase of 14.9 percent for Allstate 's Florida unit, Castle Key Insurance Co. ...

Nationwide Insurance Data Breach Could Affect 28,000 in Georgia

Georgia Insurance Commissioner Ralph Hudgens has confirmed that 28,467 households in the state could be affected by an online security ...
South Central

Terrebonne Lafourche FEMA Flood Maps Still on Hold

Almost four years after the Federal Emergency Management Agency released preliminary flood risk maps for Louisiana's Terrebonne and ...

Oklahoma Judge: Hobby Lobby Must Offer Morning-After Pill

A federal judge has rejected Oklahoma-based Hobby Lobby Stores Inc.'s request to block part of the federal health care overhaul that ...

2 Former Stanford Executives Convicted of Fraud

Two former associates of R. Allen Stanford have been convicted of fraud for trying to help the imprisoned U.S. financier conceal a $7 ...

Olympic BMX Cyclist Alcohol Level High at Death

Olympic BMX cyclist Kyle Bennett's blood had an alcohol level twice the legal level for drunken driving when he died in a car crash in ...
West

Drugged Driving Bigger Problem Than Drunk Driving in California

A statewide survey shows there are more drugged drivers than drunken drivers on California roads during the weekend. The California Office ...

Endurance Taps Parks-Carter to Head Western Excess Casualty Unit

Endurance Specialty Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, named Lynn ...

Tsunami Debris Reported Closer to Washington Coast

A Seattle oceanographer who has been tracking debris from the Japanese tsunami says a huge debris field, hundreds of miles across, is about ...

California Sells Out Of First Pollution Permits

California has sold out of the first pollution permits issued as part of a landmark offensive against greenhouse gases at an inaugural ...
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International

AIG, Others to Take up Half of China PICC's $3.6 Billion Hong Kong IPO

Chinese state-owned insurer PICC Group has secured pledges from American International Group (AIG) and other investors to buy about half of ...

ABI Analyzes Effect of Upcoming Gender-Neutral Insurance Pricing

With one month to go until gender-neutral pricing becomes mandatory in the UK, the Association of British Insurers (ABI) stressed that "the ...

Swiss Re Sigma Study Analyzes Changes to Insurance Accounting Practices

Swiss Re announced that its latest sigma study "takes a fresh look at the progress in the long-running debate to make insurance accounting ...

Endurance Acquires Galileo Weather Risk; Launches Global Weather Service

Bermuda-based Endurance Specialty Holdings Ltd. announced that it has acquired the assets of Galileo Weather Risk Management, a provider of ...

Aviva Names ex-AIA Chief Wilson as New CEO

The UK's Aviva plc announced that Mark Wilson will join the board of the Company on December 1st, 2012 and will become chief executive ...

Allied World Europe Expands Primary Professional Liability Product Suite

Allied World Europe has enhanced its suite of professional liability products to include primary capabilities. The new offering, Allied ...

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New Discussions in the Forums

Attorney considering CPCU- thoughts?
Posted: Wed Nov 21 -- I am also an attorney chipping away at the CPCU designation. Unlike the person who started this conversation, I have 20 years experience... Some Old Nobody
Benelect wrap around plans
Posted: Tue Nov 20 -- We are looking to place one of our group health accounts with Benelect which is a wrap around plan. I wanted to see if anyone else has used... JAM
Automotice Diagnostic Equipment-Portable
Posted: Tue Nov 20 -- Any markets available to insure on an inland marine policy, an expensive PORTABLE piece of Diagnostic Equipment worth about $20,000 (with... FARRELLS
SEO and buying back links
Posted: Tue Nov 20 -- It is always better to obtain backlinks naturally. Purchased ones don't always help if they are not on the sites that rank. NationalMCA
Astonish Results or Squid
Posted: Tue Nov 20 -- Thanks for the advice. Are you using a CRM? If so, which one and your thought on it? Thank you in advance. abenoy
Amerisure Mutual
Posted: Mon Nov 19 -- Is there an MGA/broker out there with access to Amerisure? Its a difficult market to get direct. Thanks! Halpert
Tower Erection Contractor
Posted: Mon Nov 19 -- I have a couple PEO markets that will consider that type risk for WC and possibly pay as you go GL coverage. Please give me a call to... Chad Filley
Splitting Commissions
Posted: Mon Nov 19 -- We'd be happy to work with you! Grand General Agency is a general agent with both personal and commercial lines products. We currently work... bkor3
Mgmt Systems-Nexsure vs Ebix vs Hawksoft vs OTHER??
Posted: Mon Nov 19 -- Our agency has been using Nexsure since March of 2005. You are correct - early on we had some challenges as we worked through some growing... kbitzer9

Reader Comments

President Obama Vows to Address Climate Change
Posted: Thu Nov 15 -- A little less hot air could help! Milner
Ex-AIG CEO Greenberg, Starr May Appeal Dismissal of Bailout Suit
Posted: Mon Nov 19 -- Of course...Just end the fed already LiveFree
Five Republican Governors Reject State-Run Health Exchanges
Posted: Mon Nov 19 -- I know we are all eternal optimists at heart but I really think somewher down the road shortly we are going to have states trying to... LiveFree
Los Angeles County Settles Bus Accident Suit For $3.5M
Posted: Wed Nov 14 -- The award seems high. While there are no details on medical cost, inability to work, etc, $3.5 Mil for damage to one's foot seems excessive. Ruminator
RLI Launches Security Guard, Alarm Systems Liability Product
Posted: Fri Nov 16 -- Good for this guy to get out of CoverX. They are a crap company that is poorly managed. Atlanta joe

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