Daily Headlines: Thursday, December 20, 2012

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December 20, 2012 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Senate Republicans Move to Cut Sandy Aid to $24 Billion U.S. Senate Republicans sought to slash a $60.4 billion aid bill to cover reconstruction after Superstorm Sandy, proposing on Wednesday to ... Trade, Insurance Sanctions Against Iran in U.S. Defense Bill A final version of new U.S. economic sanctions against Iran would give the Obama administration more time to implement measures aimed at ... Insurance Safety Group Releases Car Ratings Based on New Crash Test Toyota Motor Corp.'s best-selling 2013 Camry received a "poor" crash-test rating on Thursday from an insurance industry group that awarded ... Berger Named President of Berkley Specialty Underwriting Managers Kenneth J. Berger has been named president of Berkley Specialty Underwriting Managers LLC. The appointment is effective immediately. Berger ... A Look at New Insurance Laws Taking Effect in 2013 With 2013 just around the corner, a number of states are preparing to implement new insurance-related laws. Insurance Journal highlights ... NIP Launches Business Insurance Program for Restaurant Industry NIP Programs -- a division of Woodbridge, N.J.-based NIP Group Inc. that designs and manages specialty business insurance programs -- ... 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 Alleghany Expects $288M Sandy Loss; Assurant Estimates $200M Loss Alleghany Corporation said this week its preliminary estimate of after-tax loss related to Sandy -- net of reinsurance and reinstatement ... New York City Panel Meets to Mull Storm-Resilient Buildings Architects, engineers, real estate experts and lawmakers are gathering to discuss how to make New York City buildings better able to ... XL Group's Marine Unit Boosts Underwriting and Claims Staff in N.Y. XL Group plc's North American marine business is expanding its blue water hull risk management capabilities in New York with the addition ... More East News Midwest December Enforcement Brings 1,300 DWI Arrests in Minnesota Minnesota's Department of Public Safety says about 1,300 people have been arrested for driving while intoxicated so far in December. State ... Young Michigan Immigrants Sue to Get Right To Drive Three young people are suing the Michigan secretary of state over her refusal to grant driver's licenses to applicants who can stay in the ... Issuer Credit Ratings of Grinnell Mutual Reinsurance Co. Downgraded A.M. Best Co. has downgraded the issuer credit ratings (ICR) to "a" from "a+" and affirmed the financial strength rating (FSR) of A ... OSHA Cites Postal Service in Missouri Carrier's Death Federal regulators have proposed a $70,000 fine against the U.S. Postal Service in the death of a mail carrier who had complained about ... More Midwest News Southeast Kentucky Miner Who Reported Safety Violations Faces Discipline The Office of Mine Safety and Licensing is asking that an eastern Kentucky miner who reported safety violations be put on probation because ... Georgia on Track with Federal Real ID Requirements The state of Georgia said it is meeting federal requirements for new citizen identification cards. States have until Jan. 15 to fulfill ... Keystone Insurers Group Adds 2 Georgia-Based Agencies Keystone Insurers Group announced the addition of two independent agencies in Georgia to its franchise business for a total of 10 in the ... More Southeast News South Central Marsh & McLennan Agency Acquires Independent Insurance Group Benefits in Texas Marsh & McLennan Agency LLC, a subsidiary of insurance broker Marsh Inc., acquired Independent Insurance Group Benefits Inc., the employee ... Cleanup Continues At Louisiana Explosive Company Authorities say it could take up to three weeks to finish moving military propellant into storage at an explosives recycling company that ... 56 Insurance Carriers Deemed High Performers in Texas Work Comp System Texas workers' compensation system regulators report that 56 insurance carriers have been deemed high performers in the system. Announcing ... More South Central News West Coast Guard: Large Dock Washes Ashore On Washington Coast The Coast Guard on Tuesday spotted a large dock that has washed ashore in a remote section of Olympic National Park on the northwest ... Conocophillips Reaches Deals Over Alaska Spills ConocoPhillips has agreed to federal and state civil penalties of about $200,000 for spills of crude oil and contaminated water from ... Jury: LA Schools Must Pay $6.9M To Molested Boy A jury ruled that the Los Angeles Unified School District must pay a boy molested by an elementary school teacher $6.9 million - among the ... Southern California Jury Awards $4.5 Million to Filipino Teachers A federal jury awarded $4.5 million to Southern California Filipino teachers who paid large fees to obtain U.S. jobs through a placement ... Carriers 'Uncertain' About California Workers' Comp Reform Editor's Note: This is the fourth in a series of articles to look at California's workers' compensation reform law, which takes effect Jan. ... More West News International Australian Court Rules Workers' Comp Covers Sex Mishap An Australian court has ruled that a bureaucrat who was injured while having sex on a business trip is eligible for workers' compensation ... Sandy Losses: Arch Capital - $170 to $240 Million; PartnerRe - $200 to $240 Million Bermuda-based insurers Arch Capital Group Ltd and PartnerRe Ltd. Have released their respective preliminary estimates of losses incurred ... Sandy Loss Estimates: Lancashire - $40 to $60 Mn; Maiden Holdings - $25 to $35 Mn Bermuda and London-based insurer Lancashire Holdings Limited has estimated that the "net impact on its fourth quarter financial results ... RSA Announces Sale of Dutch Caribbean Operation UK-based RSA announced that a subsidiary, Sun Alliance Insurance Overseas Limited, and Maduro & Curiel's Bank N.V. "have reached a final ... Best Affirms UK's Ecclesiastical Insurance Office 'A' Rating; Outlook Stable A.M. Best Europe - Rating Services Limited has affirmed the financial strength rating of 'A' (Excellent) and issuer credit rating of "a" of ... Ratings: Aviva (Subs), Flagstone Re Africa, Arig, Salama, Bahrain Nat'l., BEST RE A.M. Best Europe - Rating Services Limited has affirmed the financial strength rating (FSR) of 'A' (Excellent) and issuer credit ratings ... 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 "convicted" means until the person (employee) has exhausted the appeals process... consult1 Go to Forums Reader Comments 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 Small Business Owners Face Health Insurance Dilemma Posted: Thu Dec 13 -- Planet I guess you should ask Hostess employees how they feel about spending all that money on union dues, strikes, labor negotiations and... Sargent Major 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 Insurance Costs Forcing Sale of Civil War Cannons at Ohio Cemetery Posted: Mon Dec 17 -- So I don't get it. If they sell the cannons for $50,000, how much do they think the reproductions will cost???? They can't just go to... LP Convicted Iowa Financier Says He Can't Afford a Lawyer Posted: Wed Dec 19 -- Guess he was Lampooned! 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