Daily Headlines: Friday, December 21, 2012

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December 21, 2012 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Art Insurers Face Record Loss from Superstorm Sandy Fine art insurers face claims of up to half a billion dollars, their biggest ever payout, to compensate the owners of artwork destroyed ... Progressive Releases Terms for Usage-Based Insurance Licensing Program Progressive Insurance is making the intellectual property it owns available to companies interested in implementing usage-based insurance ... Ratings Roundup: Indiana Lumbermens Mutual, Noble A.M. Best Co. has affirmed the financial strength rating of 'B+' (Good) and issuer credit rating of "bbb-" of Indiana Lumbermens Mutual ... Lawsuits Cast Darker Shadow Over Banks Than Libor Fines While banks appear to be brushing off record fines for rigging interbank interest rates, investors are starting to worry about a rising ... 2012 Product Wrap-up: The Top Three Coverage Trends - Part One Insurance Journal and MyNewMarkets.com track hundreds of new insurance products and services every year. In 2012, the industry launched... More National News East Attorneys Discuss Liability Insurance Coverage for Sandy Litigation Homeowners, businesses, and municipalities in the tri-state area continue to rebuild and rebound from Superstorm Sandy. Often, large-scale ... Proceeds From Storm Relief Concert Go to N.J., N.Y., Conn. The Robin Hood Foundation says it is beginning to distribute $50 million in proceeds from last week's benefit concert to ... Lawsuit Focuses on Flood Insurance Claims, Classification of Basement A recently filed class action lawsuit in New Jersey is alleging "improper handling" of certain flood insurance claims ... More East News Midwest North Dakota DUI Bill Would Require Jail Time For 1st Offense State officials say a plan for tougher drunken driving legislation would make North Dakota one of 15 states to require jail time for ... Report Finds Indiana Average In Crisis Readiness Deadly disease outbreaks, vaccination shortages and massive tornadoes are all scary thoughts. The question is: Is Indiana prepared for ... North Dakota Is Nation's Fastest-Growing State Since 2011 North Dakota's total population climbed by 2.17 percent between July 1, 2011, and July 1, 2012. This is the fastest growth of any state, ... South Dakota Cheese Company Settles Discrimination Charge A South Dakota cheese making company has agreed to pay $85,000 to settle a sex discrimination charge. The U.S. Equal Employment Opportunity ... More Midwest News Southeast Atlanta-Based Crawford & Co. Appoints Global Technical Services Leader Crawford & Co., an Atlanta-headquartered independent provider of claims management services, announced that Andries Willemse, senior vice ... Regions Insurance Acquires Argyle Benefits Consultants in Tennessee Regions Insurance, a subsidiary of Birmingham, Alabama-based Regions Financial Corp., is expanding its employee benefits practice in ... More Southeast News South Central Texas Homeowners Pay Highest US Insurance Premiums An industry group says Texas homeowners are paying the highest insurance premiums in the country. The report was released Tuesday by the ... Louisiana Insurance Department Launches New Online Rate Comparisons Insurance Commissioner Jim Donelon says his department's new online system will make it easier for Louisiana residents to shop for the best ... More South Central News West Fired Nurse Sues Oregon Hospital For $250K A registered nurse who worked for three months at a Bend, Ore., hospital has sued for $250,000, contending she was fired for reporting the ... New Mexico Bicyclist Gets $2.1M Verdict But Half The Blame An Albuquerque, N.M. bicyclist has won a $2.1 million judgment for injuries he received in a crash with a delivery truck but will likely ... Charges Filed Against Former Utah Insurance Agent The Utah Insurance Department's fraud division has filed criminal charges against former insurance agent Stewart Ian Rodgers. Rodgers has ... More West News International UK's Met Office Sees 2013 as Likely to be One of Warmest on Record Global temperatures are forecast to be 0.57 degrees [1.026°F] above the long-term average next year, making 2013 one of the warmest years ... Argo Group Estimates Preliminary Sandy Losses between $45 - $55 Million The Bermuda-based Argo Group International Holdings, Ltd. announced that it expects its 2012 fourth quarter results to include pre-tax ... New Zealand Trade Minister Groser Bids to Replace Lamy at WTO New Zealand nominated its trade minister Tim Groser on Friday as the latest candidate to succeed Pascal Lamy as head of the World Trade ... S&P Sees No Change for Willis' Ratings from Goodwill and Remuneration Changes Standard & Poor's Ratings Services has said that its ratings on Willis Group Holdings PLC ('BBB'-/Stable/--) are unchanged "following the ... Best Removes Flagstone Re from Review; Affirms Ratings A.M. Best Co. has removed from under review with developing implications and affirmed the financial strength rating of 'A-' (Excellent) and ... Ratings Recap: Echelon, Nationale Suisse, MAPFRE Global Risks/Empresas A.M. Best Co. has affirmed the financial strength rating of 'B++' (Good) and issuer credit rating (ICR) of "bbb+" of Echelon General ... More International News Join the Insurance Journal Network Insurance Journal TV Contractual, Regulatory Requirements Effects on Cyber Marketplace Federal and state privacy laws and contractual requirements are driving interest and demand of... Watch Now Privacy & Security Coverage and Trends Richard Betterley, president of Betterley Risk Consultants, says cyber liability policies have... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums carriers for multistate trucking/warehousing work comp Posted: Mon Dec 17 -- You might want to check into Alaska National out of Seattle. This might not fit due to the high mod but last I knew they were a good market... Shagster1261 WC account Losses 189 X-mod hard class codes Posted: Mon Dec 17 -- Last years premium was $110K. Prior mod was a 147. They frequency and severity claims both. I love the freakonmics lesson. I will pass that... dgarzoli Insurance directories?? Posted: Fri Dec 14 -- I'm of the belief currently that it's pretty insane to try and start a general lines/personal lines agency from scratch and that... d's insurance store Deposit into the trust account or operating account? Posted: Thu Dec 13 -- I concur- Option A is the correct procedure. sacman Contractor License Question Posted: Thu Dec 13 -- I would think having a contractor working under another's license and initiating new policies under that license could also create a... Shagster1261 Can an employer fire an employee because their pre-convicted Posted: Thu Dec 13 -- Technically [i:ci8usk01][u:ci8usk01]convicted[/u:ci8usk01][/i:ci8usk01] means until the person (employee) has exhausted the appeals process... consult1 Go to Forums Reader Comments Senate Republicans Move to Cut Sandy Aid to $24 Billion Posted: Thu Dec 20 -- Typical Democrats, let's just push this through without understanding all the ramifications. Reminds me of how we ended up with Obamacare. CB Senate Begins Debating $60 Billion Sandy Relief Bill Posted: Wed Dec 19 -- Aid to communities in NY and NJ? Certainly. Aid to fisheries in Alaska and Mississippi? No. This is supposed to be about relief, not... wvagt Young Michigan Immigrants Sue to Get Right To Drive Posted: Thu Dec 20 -- "wouldn't face deportation under certain conditions." Wonder if those "conditions" include applying for legal citizenship? Follow the... wvagt Suit Alleges Excessive Force By New Mexico Police Posted: Tue Dec 18 -- Tenorio shouldn't be suing the police department, but his mother for the fetal alcohol syndrom that he has. If it wasn't for that, he would... Baxtor Lawsuit Claims TV's 'Storage Wars' Show Is Rigged Posted: Mon Dec 17 -- Next they'll tell us that big time wrestling is rigged! 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