Thursday, December 27, 2012

Daily Headlines: Thursday, December 27, 2012

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Insurance Journal Daily Headlines
December 27, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

U.S. Apppeals Court Revives Workplace Cybertheft Claim

In a decision that could make it easier for businesses to police cybertheft in the workplace, a U.S. appeals court revived a chemical ...

P/C Insurance Agents: What Did You Sell This Year?

Was 2012 a good year for you? Did you close some good accounts? How did it feel? Tell us about it. You don't have to give away names but ...

Toyota to Settle Acceleration Cases for More Than $1 Billion

Toyota Motor Corp. has agreed to spend $1.1 billion to settle sweeping U.S. class-action litigation over claims that millions of its ...

Judge Approves $7.8 Billion Settlement in BP Class Action Suit

A U.S. judge last Friday gave final approval to BP Plc's settlement with individuals and businesses who lost money and property in the 2010 ...

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

Sandy-Flooded Inland Towns in N.J. See No Solutions

Images of New Jersey's devastated shoreline captivated the nation in the days after Superstorm Sandy. Less noticed was the enormous damage ...

U. of Virginia Researchers Study 'Virtual Reality' Driving Tests

On-road driving tests, a rite of passage for high school students, could soon join eight-track tape players and bench seats in automotive ...

New Jersey Court: Pet Sitter Can Sue Dog's Owners Over Bite

A New Jersey appellate court says a woman injured by a dog she was being paid to watch can sue the animal's owners.The Star-Ledger reports ...

GEICO Names Assistant VP of Regional Claims in Virginia

GEICO, a Chevy Chase, Md.-headquartered auto insurance unit of Berkshire Hathaway, recently named Jeremy Connor as assistant vice president ...

Up to $25 Million in Sandy Losses for N.Y.-Based Navigators Group

The Navigators Group Inc. announced on Dec. 21 that its preliminary estimate of losses relating to Superstorm Sandy ranges between $18 ...
Midwest

Blizzard Hits Southern Illinois

A gusty winter storm has slammed into southern Illinois, forcing the closures of courthouses and leaving roads covered in snow and ice. The ...

Insurance Firm in Missouri Changes Benefit Plan After Charges

An insurance company in Missouri that provides coverage to Kansas City and Jackson County employees has changed its wellness incentives ...

Arthur J. Gallagher Acquires Ahrold Fay Rosenberg of Iowa

Arthur J. Gallagher & Co. acquired Ahrold Fay Rosenberg in Des Moines, Iowa. Terms of the deal were not disclosed. Ahrold Fay Rosenberg is ...
Southeast

Florida Court Bans Private Doctor-Lawyer Meetings in Malpractice Cases

Malpractice defendants must not try to circumvent a Florida law that bars them from obtaining confidential medical information about ...

USF&G Seeks Sanctions Against Mississippi Lawyer in Corruption Case

An insurance company is asking for sanctions against Paul Minor in a lawsuit linked to the corruption case that sent the former attorney ...

Alabama Officials Assessing Christmas Day Storm Damage

Authorities were getting a clearer picture of the damage done by storms in Alabama as daylight revealed the extent of the destruction. In ...

Mississippi County Lowers Its Flood Insurance Premiums

An improved flood prone rating means Pearl River County residents will see a 10 percent reduction in monthly insurance premiums. The ...

Neace Lukens Acquires Davis-Garvin Agency in South Carolina

Louisville, Ky.-based insurance agency Neace Lukens announced it completed the acquisition of the Davis-Garvin Agency in Columbia, S.C.In ...

Senn Dunn Hires Health, Wellness Director in North Carolina

Greensboro, N.C.-based Senn Dunn Insurance appointed Jackie Ireland as director of health and wellness for its employee benefits division. ...
South Central

Arkansas Governor Issues Disaster Declaration Following Snow Storm

Arkansas Gov. Mike Beebe issued a disaster declaration after a Christmas Day storm dumped snow and ice throughout the state and caused ...

4th Fire Raises Fear Of Arsonist In Texas

A fire that quickly gutted an abandoned home in Brownsville, Texas is the fourth in a week on the Rio Grande Valley city's west side, ...
West

2012 On Track To Be Wyoming's Driest In 118 Years

A year ago, all parts of Wyoming were free of drought. Now, 2012 is on track to be the driest in Wyoming in 118 years after a dry spring ...

Sierra Nevada Ski Resort Employee Dies After Avalanche

A member of a Sierra Nevada ski resort's patrol team who was injured after being caught in an avalanche has died. Alpine Meadows said in a ...

Thousands of Drivers Caught In Northern California Cell Phone Crackdown

Nearly 3,000 drivers were caught breaking cell phone rules during a crackdown in Sacramento County in Northern California. California was ...
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International

Commentary: UBS and Too-Big-to-Punish - James Saft

As well as too-big-to-fail it looks as if we must think of our largest banks as too-big-to-punish as well. After comments from top U.S. ...

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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

National Agents Alliance? Legit or Keep Away?
Posted: Wed Dec 26 -- I work with NAA. With no recruiting and only selling I made $50,000 net my first year. And will make about $85,000 this year. I do not have... shawninnebraska
Long Term Care Tax Advantages
Posted: Wed Dec 26 -- Another way to take advantage of long term care tax deductible is through tax-qualified ltc insurance. Their premiums are considered as... BeatrixLewis
How do you ask for a referral?
Posted: Wed Dec 26 -- Leads is another source of clients but I wouldn't go there. Referral is definitely much better and more reliable. The first thing you should... BeatrixLewis
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

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
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
North Dakota DUI Bill Would Require Jail Time For 1st Offense
Posted: Fri Dec 21 -- I agree with this. Nothing more would make an impact to avoid DUI driving in the future. As it is, there are so many repeat DUI drivers who... Center Point
Only 15 States Plan to Operate Own Health Insurance Exchanges
Posted: Thu Dec 20 -- "Good people can do evil things, Agent. Hate the deed, not the doer" NA, AA and Alanon. Unfortunatly, I have had personal experience. A... FFA
Oklahoma Lawmaker, Texas Governor Want Teachers to Be Armed
Posted: Thu Dec 20 -- I have a ton of respect for our military, but with them being jerked around over the last few years with countless tours,and the issues many... Bubba

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December 17, 2012
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