Daily Headlines: Monday, December 10, 2012

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December 10, 2012 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Futures Industry Looks to Insurance After MF Global Collapse Long-derided as unsuitable for sophisticated futures markets, insurance is getting a surge of attention heading into the new year as the ... U.S. Transportation Department Proposes Black Boxes in All Cars Devices that record crash-related data would be required in all new cars and light trucks under a U.S. Department of Transportation ... Commercial Insurers Continue Raising Rates, Improve Loss Ratios: Towers Watson Commercial insurance prices in aggregate increased by six percent during the third quarter of 2012, the seventh consecutive quarter that ... AIG's $4.8 Billion Sale of Aircraft Unit to Chinese Group Faces U.S. Security Review American International Group Inc. is to sell nearly all of ILFC , the world's second-largest airplane leasing business, to a Chinese ... Evolution of Cyber Coverage: How to Sell to Today's Businesses The insurance industry has wrestled with the best way to respond to all the different privacy and security exposures businesses face in the... More National News East AIG Estimates $1.3B Net Losses From Superstorm Sandy American International Group Inc. announced that its preliminary estimate of the company's after-tax losses related to Superstorm Sandy -- ... Conn. to Require New Adult Drivers to Hold 3-Month Learner's Permit The Connecticut Department of Motor Vehicles announced last week that new adult drivers 18 and older will be required to hold a three-month ... Connecticut Regulators Approve NCCI's WC Loss Costs, Rates Hike Filing The Connecticut Insurance Department recently approved National Council on Compensation Insurance's workers' compensation insurance filing ... FEMA Likely to Expand Flood Zones Along N.J. Coast in Wake of Sandy The federal government is poised to expand flood zones and push for increases in building elevations along the New Jersey coast in the wake ... New York Superstorm Warnings Went Unheeded for Decades, Observers Say More than three decades before Superstorm Sandy, a state law and a series of legislative reports began warning New York politicians to ... Aon Risk Solutions Hires 2 Execs for New England Property Practice Aon Risk Solutions, the global risk management business of Aon plc, recently announced the additions of Christian Wise as senior vice ... New Jersey Gov. Christie Vetoes State-Run Health Exchange Bill New Jersey Gov. Chris Christie vetoed legislation establishing a state-run health insurance exchange Thursday, blaming the federal ... More East News Midwest Ohio Auto Salvage Bill Pits Industry Against Insurers Ohio's salvage industry says proposed state legislation that would open the auto salvage auction market to unlicensed buyers could cost up ... Ohio House Clears Rules for Health 'Navigators' The Ohio House of Representatives has passed a bill setting training and certification requirements for a new group of professionals who ... Ohio Launches Online Registry to Cut Scrap Metal Thefts Ohio has created an online registry to try to cut down on scrap metal thefts. The online registry of scrap metal and bulk merchandise ... Detroit to Lay Off 5% of Workforce; Investigate Insurance, Work Comp Fraud Detroit officials say they're making plans to lay off 400 to 500 city employees in the new year, roughly 5 percent of the workforce. The ... SIAA Adds 7 Midwest Agencies in November The Strategic Insurance Agency Alliance (SIAA) announced it signed seven additional members in Midwest states in November. They are: The ... More Midwest News Southeast Alabama Court Changes Standard for Commercial Vehicle Total Loss The Alabama Supreme Court has changed a 57-year-old standard on how commercial vehicle owners get compensated when their vehicle is totaled ... Alabama Insurer Alfa Seeks to Reverse Business Decline The new president of the Alabama Farmers Federation and Alfa Insurance is fine with where the sister organizations are politically. It's ... Florida's Ex-Republican Governor Crist Eyes Return as Democrat Former Florida Gov. Charlie Crist, who was elected the state's chief executive as a Republican and then ran unsuccessfully for the U.S. ... South Carolina Health Insurance Market Among Least Competitive: AMA An American Medical Association analysis found that South Carolina has one of the country's least competitive health insurance markets. The ... More Southeast News South Central Oklahoma's Caldwell and Partners Acquires Midlands Holding Corp. Charles C. Caldwell, CEO of Oklahoma-based Caldwell and Partners Inc. (CAP), announced the acquisition of Midlands Holding Corp. (MHC) from ... Deadline Nears to Claim 2008 Louisiana Citizens Assessment Rebate Louisiana Insurance Commissioner Jim Donelon and Department of Revenue (LDR) Director of Customer Service Kent LaPlace are reminding ... Oklahoma Health Board Member Resigns, Cites Medicaid Decision Gov. Mary Fallin's decision to reject federal money to expand Oklahoma's Medicaid program has led a member of the Oklahoma State Board of ... More South Central News West Jury Awards Montana Company $28.4M in Software Lawsuit A federal court jury has awarded a Missoula company $28.4 million in a lawsuit against a national bus company over the licensing of ... Alaskan Senator Seeks $15M For Tsunami Debris An Alaska senator wants $15 million for tsunami debris clean-up included in a federal disaster relief package for West Coast states ... $100K Deal Reached in Montana Over Lead-Contaminated Waste The owner of a central Montana landfill has agreed to pay the U.S. government $100,000 to settle a civil action over 1,600 tons of earth ... More West News International Despair after Climate Conference Inaction, but UN Still Offers Hope At the end of another lavishly-funded U.N. conference that yielded no progress on curbing greenhouse emissions, many of those most ... Storm that Killed 600 Turns to Threaten Philippines Again A typhoon that had left the Philippines after killing nearly 600 people and leaving hundreds missing in the south has made a U-turn and is ... UPDATE: Chinese Group to Buy AIG's Plane Leasing Unit for up to $4.8 Billion American International Group has agreed to sell nearly all of ILFC , the world's second-largest airplane leasing business, to a Chinese ... XL Appoints Wenzel as Senior Vice President, Capital Markets XL Group plc's Bermuda-based reinsurance operations announced the appointment of Craig Wenzel as Senior Vice President, Capital Markets, a ... More International News Join the Insurance Journal Network Insurance Journal TV Rate Changes Coming to Healthy Railroad Industry At one time it seemed that the railroad industry was doomed, but thanks in part to the... Watch Now Effects of Worldwide Economic Instability on American Companies Despite a slightly improved economy here in the U.S., the global economy is not out of the... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums 8832 Work Comp code IN Posted: Mon Dec 10 -- You can gain access to The Hartford through us. 8832 is a targeted WC class code for them. Give us a call, or send in Acord applications to:... bkor3 Unfair Competition amongst brokers Posted: Sun Dec 9 -- Take a more professional route. Contact their insurance carriers and ask if they find this business practice acceptable. Let them put... INTLXS Truck & Crane operator Posted: Fri Dec 7 -- PEO looks to be the best. jamesjmoore Designation Suggestions Posted: Wed Dec 5 -- I would agree they do seem similar. The CIC requires 5 courses of 20hrs each with a 2 hr essay exam to pass each one. The AAI is in 3... Shagster1261 Can an employer fire an employee because their pre-convicted Posted: Wed Dec 5 -- In my opinion, firing an employee based on a mugshot isn't right. The employer should get the facts first and find out if the employee was... BeatrixLewis Taxi Cab Insurance Posted: Wed Dec 5 -- You can try piconline or dcapinsurance. The former provide limits up to $5M and has $20M excess market capability and you can even fill out... BeatrixLewis My CPCU journey - almost finished..... Posted: Tue Dec 4 -- I am in the process of reentering the Commercial Insurance world being away for about 15 years. I was thinking of working toward my CPCU. I... margo Dental Plan or Dental Insurance Posted: Tue Dec 4 -- Dental plan is actually an alternative to dental insurance because it's more cost-effective. With the former you can visit the dentist at a... BeatrixLewis Go to Forums Reader Comments NYC Marathon Organizers Likely to Get Millions From Event Insurance Posted: Wed Dec 5 -- And wonderful Bloomberg said it was illegal to give starving families fast food because of the possible sodium content of the food.... Agent Former Brooke Corp. Execs Again Indicted on Financial Fraud Charges Posted: Fri Dec 7 -- String 'em up! They are responsible for ruining hundreds, maybe thousands, of people's lives. They're nothing but a bunch of crooks. Libby New Jersey Lawmaker Seeks to Cap Public Adjuster Fees in Wake of Sandy Posted: Thu Dec 6 -- It wouldn't be a bad idea if they extended that proposed law to the lawyers as well (preventing them from getting more then 10% of any... caffiend Court Finds Rating Agencies Not Liable on Toxic Mortgages Posted: Tue Dec 4 -- Let's look at the big picture here. We are talking about AIG and I don't care which division is responsible for the mess they were in, they... Agent Judge Names Lead Plaintiffs in Facebook IPO Claim Posted: Fri Dec 7 -- Why in the world would a pension fund manager use funds for this type of speculation. Seems to me the wrong plantiffs are suing the wrong... 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