Monday, December 31, 2012

Daily Headlines: Monday, December 31, 2012

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Insurance Journal Daily Headlines
December 31, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Senate Passes Sandy Disaster Aid, Flood Insurance Increase

The Senate on Friday approved a $60.4 billion supplemental package to provide additional aid for northeast states hit by Superstorm Sandy ...

Federal Court Grants Firm Reprieve from Contraceptive Coverage Mandate

A divided federal appeals court has temporarily barred the U.S. government from requiring an Illinois company to obtain insurance coverage ...

AIG to Thank America for Bailout in High-Profile Ad Campaign

American International Group,Inc. said it will launch an advertising campaign thanking America for its support during the global financial ...

Program Specialists: Thriving in All Market Conditions

There is a strain of thinking that says generalists can adapt and survive in most environments whereas specialists are more at the mercy of ...

Most Commercial Insurance Buyers Accept Coverage Changes, Price Hikes: Survey

The vast majority of commercial insurance buyers renewing their policies appear willing to accept coverage adjustments, moderate price ...

From MyNewMarkets.com 2012 Product Wrap-up: The Top Three Coverage Trends - Part Three

Insurance Journal and MyNewMarkets.com track hundreds of new insurance products and services every year. In 2012, the industry launched...
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East

Looking Back at Insurance News of 2012: The Year's Biggest Stories

With less than a day left til the end of the year 2012, here's a look back at some of the biggest property/casualty insurance news stories ...

Long-Awaited New Hampshire Pollution Trial Ready to Start

Nearly a decade after it was first brought, a lawsuit accusing two oil giants of widespread groundwater contamination in New Hampshire is ...

Lawyer Seeks OK to File Claim Against State for Connecticut School Shooting

A lawyer who wants to sue Connecticut for $100 million on behalf of a 6-year-old survivor of the Newtown school shooting says the potential ...
Midwest

270,000 Ohio Employers Win Workers' Comp Ruling

A judge's ruling against the Ohio Bureau of Workers' Compensation may end up costing the state hundreds of millions of dollars. The ruling ...

Drought Likely To Continue In Nebraska In 2013

Nebraskans should expect the impact of the drought to worsen next year if the current dry forecast for the winter holds up. Climatologists ...

Ohio Insurance Agencies To See License Fee Change

The state is lowering the fee Ohio insurance agents and agencies pay to have their licenses renewed late or reinstated. Lt. Gov. Mary ...
Southeast

Mississippi Suit Seeks $3.6M for Unpermitted Electronic Use of Photos

A Rankin County, Mississippi photographer is seeking $3.6 million in a lawsuit claiming her images were used without permission in an ...

West Virginia Judge Stops Insurer's Use of Old Parts on New Cars

A Kanawha County judge has granted Attorney General Darrell McGraw's request for a permanent injunction against an insurance company and a ...

Georgia Health Insurers to Offer Child-Only Policies

Georgia Insurance Commissioner Ralph Hudgens has signed an order allowing insurance companies to begin selling individual policies for ...
South Central

Texas Builds 'Hurricane Domes' For Double-Duty

Most of the time, the windowless building with the dome-shaped roof will be a typical high school gymnasium filled with cheering fans ...

Feds Give Break to Louisiana On Driver License Rules

Louisiana driver's licenses still don't comply with federal law, but the U.S. Department of Homeland Security has granted the state a ...
West

Worker's Comp Reforms, Portable Persistency Top West's 2012 Headlines

Dec. 21, 2012 came and went and the apocalypse was so lackluster as to be forgotten among the years myriad headlines. Here are Insurance ...

Colorado University Seeks Farmers' Experience With Drought

Researchers at Colorado State University want to hear from farmers across the state who have been affected by this year's drought. The Fort ...

Lawsuit Over Arizona Man's Taser Death In Utah Settled

A settlement has been reached in a wrongful death lawsuit filed by the family of an Arizona man who died in 2009 after a southern Utah ...

Photo Now Part Of Washington Driver's Breath Test

Drivers who are required to pass a breath test before they get behind the wheel won't get away with having someone else blow in the ...

Brown & Riding in California Merges with Travis-Pedersen

Los Angeles, Calif.-based Brown & Riding and Chicago, Ill.-based Travis-Pedersen have inked a deal that creates a large property/casualty ...

Northern Montana Insurance Services Expand Operations

Northern Montana Insurance Services, a Leavitt Group affiliate, has expanded operations with new offices in Helena and Butte. Jay LeProwse ...
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International

Lloyd's: Increasing Civil Unrest Driving Political Violence Coverage Demand

A report from Lloyd's of London concludes that the increasing demand for political risk insurance "has been rising as civil unrest and ...

Willis Re Sees No Rate Increases for Jan. 1 Renewals despite Sandy Impact

Willis Re's Jan. 1 renewal report points out that 2012 natural catastrophe losses are estimated to be "50 percent less than last year's ...

Ratings Roundup: Peak Re, Lakeside Re III Ltd

A.M. Best Co. has assigned a financial strength rating of 'A'- (Excellent) and issuer credit rating of "a-" to Hong Kong-based Peak ...

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Insurance Journal TV

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Contractual, Regulatory Requirements Effects on Cyber Marketplace

Federal and state privacy laws and contractual requirements are driving interest and demand of...
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Privacy & Security Coverage and Trends

Richard Betterley, president of Betterley Risk Consultants, says cyber liability policies have...

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New Discussions in the Forums

Signing up for an insurance directory
Posted: Mon Dec 31 -- Does anybody know of some regional insurance directories? myagentethan
National Agents Alliance? Legit or Keep Away?
Posted: Sun Dec 30 -- After reading a number of these posts does any decently smart insurance person think that this is the answer to more income? OMG...it... surestart12345
CA Roofing Contractor WC
Posted: Sat Dec 29 -- The only WorkComp market in CA for roofers is the State Fund. ets80
High Value homes in brush
Posted: Sat Dec 29 -- Any recomendations? I sometimes get replacement cost on homes over 1.5 million. Most carriers will not take this type of risk especially in... rb112278
Non emergency medical transportation for hire
Posted: Sat Dec 29 -- I am a new insurance broker in Southern California. I have recently ran into a few people that are looking for Non emergency medical... rb112278
WC account Losses 189 X-mod hard class codes
Posted: Fri Dec 28 -- Who is BBSI and where can they be accessed? We are down to the wire on this. State Fund has quoted and the other competing broker has... dgarzoli
brightway insurance brokerage in florida
Posted: Thu Dec 27 -- All I have to say is after working for Brightway the last 3 years, I question everything about the company. They accounting is terrible and... Blah22

Reader Comments

Thousands of Drivers Caught In Northern California Cell Phone Crackdown
Posted: Thu Dec 27 -- I believe that texting while driving is akin to driving while impaired or at least reckless driving and should be treated accordingly. Even... Center Point
6 Things for Independent Agents to Worry About in 2013
Posted: Fri Dec 28 -- You are so right Wvagt. We, as Independent Agents have a lot to worry about with the state of the economy, higher taxes for us and our... Agent
Florida Court Allows Drivers to Rebut Presumption of Fault in Rear-End Crashes
Posted: Fri Dec 28 -- The case aside, this should show everyone why cell phone use and driving don't mix and also why following too closely is a poor choice even... ExciteBiker
Instagram Furor Triggers First Class Action Lawsuit
Posted: Wed Dec 26 -- If they cannot maintain the privacy settings, then they should definitely expect a lot of fall out in court as well as on the internet. When... Ruminator
N.Y. Agency Owner Charged With Issuing Fraudulent Certificates of Insurance
Posted: Fri Dec 28 -- Hopefully, he is prosecuted and has to serve some time. If not, I don't think many insurance carriers would want to do any further business... Agent

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December 17, 2012
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