Daily Headlines: Wednesday, December 26, 2012

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December 26, 2012 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Congress Repeals Insurance Booklet Mandate at Car Dealerships The U.S. Senate has approved legislation that would eliminate the requirement that new-car dealerships keep on hand an information booklet ... The Price Is Right: Insurance Pricing in Today's Market In the long-running game show of the same name, contestants vie with one another to figure out the right price to win valuable prizes. ... Instagram Furor Triggers First Class Action Lawsuit Facebook's Instagram photo sharing service has been hit with what appears to be the first civil lawsuit to result from changed service ... FDA Closer to Approving Biotech Salmon A controversial genetically engineered salmon has moved a step closer to the consumer's dining table after the U.S. Food and Drug ... Progressive Data Shows 30% Rise in Single-Vehicle Claims on New Year's Day According to data from Progressive Insurance, single-vehicle claims were up 30 percent on New Year's Day 2012, when compared to the same ... 2012 Product Wrap-up: The Top Three Coverage Trends - Part Two Insurance Journal and MyNewMarkets.com track hundreds of new insurance products and services every year. In 2012, the industry launched... More National News East N.J. Commissioner Reminds Public Adjusters to Keep Fees Reasonable The N.J. Banking and Insurance Department's Acting Commissioner Ken Kobylowski issued a bulletin last week to all public adjusters ... Toms River, N.J., Schools Owed $4.3M From Insurance Kickback Scheme A federal judge last week has ordered millions of dollars in restitution for the Toms River, N.J., regional school district stemming from a ... CNA Appoints Commercial Underwriting Officer in Boston CNA Financial Corp. has recently appointed Charles O'Donnell as commercial underwriting officer for its Boston branch office. In this ... 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 arising out of ... 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 organizations ... More East News Midwest Former Illinois Policeman Accused of Worker's Comp Fraud A former police officer in a southwestern Illinois village is accused of collecting nearly $190,000 in fraudulent benefits. A Madison ... Kansas Ranked At Bottom For Health, Disaster Prep A national survey ranks Kansas at the bottom among states in being prepared for public health emergencies, terrorism incidents and natural ... Workplace Deaths Rise In North Dakota Oil Patch North Dakota's workers' compensation agency is offering safety training to companies in the state's booming oil patch, an effort to ... More Midwest News Southeast W.Va. Jury Finds Doctor, 2 Lawyers Filed False Asbestos Claims A West Virginia radiologist and two Pennsylvania attorneys who were involved in thousands of asbestos lawsuits have been found guilty of ... New Alabama Law Targets Drivers Without Insurance The owners of the 900,000 Alabama vehicles without liability insurance stand a better chance of getting caught starting Jan. 1. That's when ... N.C. Farmer Pleads Guilty to Million Dollar Crop Insurance Fraud Federal authorities announced last week that a North Carolina farmer pleaded guilty to conspiracy to commit fraud on the federal crop ... More Southeast News South Central Tornadoes strike in Texas Christmas Day along the Gulf Coast was filled with severe thunderstorms that brought drenching rains, high winds and damaging tornadoes ... Texas Windstorm Insurer: Rates to Increase Jan. 1 Texas' property insurer of last resort in coastal counties has issued a reminder to agents that while the maximum limits of liability for ... More South Central News West Montana Lawmakers Want Pipeline Study Finished Two U.S. senators from Montana are urging federal safety regulators to wrap up a yearlong study into whether oil spills into rivers, lakes ... Montana Company Accused of Workplace Safety Hazards Federal safety regulators have proposed $75,600 in penalties for a Montana manufacturing company over alleged workplace hazards. The ... Feds Pledge $1 Million To Utah For Flood Damage The federal government is offering more than $1 million to help cover damage caused by flooding earlier this year in Southern Utah. ... Company Fined For Alaska Asbestos Release An Alaska company has been fined $70,000 and placed on three years of probation for releasing asbestos into the air in Anchorage. Chief ... More West News International Plane Crash-Lands on Myanmar Road, 3 Killed A flight packed with Christmas tourists crash-landed on a road in central Myanmar on Tuesday, killing three people and injuring 11, ... Any Prospects for Insurance Regulatory Changes in 2013? Progress in making insurance regulatory changes has been slow, and there's really nothing to indicate that the situation will change in the ... 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 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 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 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 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 Senate Begins Debating $60 Billion Sandy Relief Bill Posted: Wed Dec 19 -- How much damage actually occured and whoever said 100% of the damage should be covered by the federal government? Don't any of these people... Dave Only 15 States Plan to Operate Own Health Insurance Exchanges Posted: Wed Dec 19 -- Pelosi said we have to pass it to see what is in it. I agree that we have all been screwed. Page 50, Section 152: The bill will provide... Agent 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... 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