Monday, January 7, 2013

Daily Headlines: Monday, January 7, 2013

Insurance Journal Daily Headlines
January 7, 2013
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Today's Headlines


Four 'Red' States Get Health Exchange OK

Injecting a rare shot of bipartisanship in the nation's contentious health care overhaul, the Obama administration Thursday cleared four ...

Google Pact with FTC Could Affect Other Patent Disputes

While the focus of last week's agreement between the Federal Trade Commission and Google Inc. was search, the deal's restrictions on how ...

Consumers Posting Negative Reviews Could Face Legal Issues

If you are mad as hell about a consumer experience you've had, you may want to exercise your right of free speech to express your dismay in ...

Segal Expands, Renames Fiduciary Liability Insurance Practice

The Segal Group, Inc., has announced that Segal's Fiduciary Liability Insurance Practice has been incorporated as a subsidiary of The Segal ...

NOAA: 2012's U.S. Billion-Dollar Extreme Weather Events 'Impressive'

Last year may not have measured up to 2011 in terms total damages or havoc wreaked, but the nearly dozen recorded billion-dollar weather ...

From 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...
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Sandy Victims in N.J., N.Y., Blast Delays in Flood Insurance Aid

Even as Congress passed the first part of an aid package for victims of Superstorm Sandy, many victims seethed, wondering why it took so ...

Delaware OKs 14.6% Hike in Workers' Comp Voluntary Market Loss Costs

Delaware Insurance Commissioner Karen Weldin Stewart today announced action taken with respect to workers' compensation insurance rates and ...

Russell Bond Buys Independent Garage and Towing Contractors Services in N.Y.

Buffalo, N.Y.-based insurance wholesaler Russell Bond & Co. Inc. recently acquired Independent Garage and Towing Contractors Services Inc. ...

GEICO Recruiting College Grads for Leadership Program in Virginia Office

GEICO, a Chevy Chase, Md.-headquartered auto insurance unit of Berkshire Hathaway, said its Fredericksburg, Va., regional office is ...

Keystone Insurers Group Appoints VP in Pennsylvania

Keystone Insurers Group has appointed Julie Webb as its Pennsylvania state vice president.Webb has spent the majority of her career with ...

Costs Rising in Minneapolis Water Main Break

Minneapolis, Minn., officials said they haven't begun to tally the costs of a massive water main break that sent 14 million gallons of ...

Missouri Lawmakers to Pursue Medical Liability Limits

Missouri lawmakers have their eyes on reinstating liability caps for medical malpractice cases after the state Supreme Court struck down ...

Ohio Expands List of Approved Medical Providers for Injured Workers

The Ohio Bureau of Workers' Compensation (BWC) announced it has expanded the list of providers who can treat injured workers and ...

Foley Named New Board Member at Holmes Murphy & Associates

Iowa-based independent broker Holmes Murphy & Associates has named Mike Foley, a senior vice president and shareholder of the company, as ...

Mississippi Governor, Insurance Chief At Odds Over Health Insurance Exchange

Mississippi's proposed health insurance exchange is in limbo because of a dispute between the governor and the insurance commissioner. Gov. ...

South Carolina Lawmakers Vow to Tackle Cybersecurity

South Carolina legislators say they're willing to spend whatever it takes to prevent another massive security breach in state government, ...

Brickstreet Mutual Donates $2.5M to Marshall University

An insurance company has donated $2.5 million to Marshall University to establish a research endowment. The university said  that the gift ...
South Central

Texas Weather Catastrophes Cause $2.3 Billion Losses in 2012

Texas recorded seven catastrophic weather events in 2012 that resulted in $2.3 billion in insured losses, the Insurance Council of Texas ...

Oklahoma Mom Sues Over Twitter Picture of Unclothed Daughter

The mother of a Booker T. Washington High School girls basketball player is seeking more than $75,000 in damages from Tulsa Public Schools, ...

Karber Joins Ashley General Agency

Texas-based Ashley General Agency announced that Roger Karber has joined its underwriting team. Karber began his insurance career in his ...

New Mexico Spaceport Wants Protections From Tourist Lawsuits

Spaceport America has been urging legislators to limit potential lawsuits from wealthy outer space tourists who take off from New Mexico, ...

Washington Company Suing Pro Sports Teams

A Spokane, Wash.-based company is suing several professional sports teams for breach of contract. Vizant Technologies LLC recently filed ...

California Attorney General Sues Conocophillips, Phillips 66

California Attorney General Kamala Harris is suing ConocoPhillips and its spinoff, Phillips 66, over underground tanks used to store ...

DIR Gets Ball Rolling on California Workers' Comp Reform

The Department of Industrial Relations on Friday announced its new regulations implementing provisions of California's workers' ...

Midwestern Taps Laughlin for California Workers' Comp Expansion

Midwestern Insurance Alliance LLC named Keith Laughlin vice president of underwriting for its California workers' compensation division. ...
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China Claims Railway Company Hid Fatal Tunnel Explosion

China says a railway company covered up a tunnel explosion that killed eight people and injured five last month. The State Administration ...
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Brad Perilman Named Chief Financial Officer for Atlas General Insurance Services

San Diego, CA, 1/7/13 - Brad Perilman has been named Chief Financial Officer for Atlas General Insurance Services, a program administrator ...

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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

Agency In NC or SC
Posted: Mon Jan 7 -- I'm planing on moving to NC or SC (Raleigh, NC / Fayetteville, NC or Florence, SC) in the next 6-9 months and was wondering if someone can... popodad
Deposit into the trust account or operating account?
Posted: Fri Jan 4 -- I would add that Option A, deposit to the Trust Account is correct; and in a perfect world, commission would not be moved to the operating... TheFieldman
brightway insurance brokerage in florida
Posted: Fri Jan 4 -- Personally, I think it is just a matter of choice and what your longterm goal is. I've always thought of the American Agency System as a... TheFieldman
WC account Losses 189 X-mod hard class codes
Posted: Wed Jan 2 -- All of the information posted on this subject has been good advice, But what I have found over many years handling some difficult company's... JTR
High Value homes in brush
Posted: Wed Jan 2 -- Anderson & Murison has established great relationships with our non-admitted markets to help place coverage for high value and brush exposed... monica reyes
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? surestart12345

Reader Comments

Lawyer Seeks OK to File Claim Against State for Connecticut School Shooting
Posted: Mon Dec 31 -- Yes, Connecticut is to blame because they only provided a school that was locked tight and had plenty of security measures in place.... Scott
Slip-And-Fall Cases Tough to Make in Michigan Courts
Posted: Wed Jan 2 -- Every once in a while we manage to do the right thing. sham
AIG to Thank America for Bailout in High-Profile Ad Campaign
Posted: Mon Dec 31 -- ...And the production costs for the Ads will be underwritten by Goldman-Sachs D
Flood Insurance Funds Will Run Out Jan. 7 Without Congress OK: FEMA
Posted: Thu Jan 3 -- Now, do you really want ObamaCare....? You need surgery and are waiting on the US House and Senate (Congress) to get a budget passed! They... Brass Balls
Farmers Agents Sue Carrier Over Contracts, Taking Client Info
Posted: Mon Dec 31 -- Patty, I have to agree with MelsEinstein. Go independent and don't look back. Your customers will follow. Just remember on a side note that... Mr. Solvent

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