Daily Headlines: Tuesday, January 29, 2013

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January 29, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National P/C Insurers Better Positioned Than Life Firms for 2013: Moody's Both the life and property/casualty (P/C) insurance industries will be challenged in 2013 by slow economic growth that dampens sales and by ... Insurers Say Latest CFA Study Is Flawed; Marketplace Is Highly Competitive The new auto insurance pricing study from the Consumer Federation of America (CFA) is getting roundly criticized by insurance industry ... Less Than 50% of Small Businesses Offer Employee Benefits: LIMRA Only 47 percent of small businesses (2-99 employees) in the United States offer benefits to their employees, the lowest level in two ... SEC Immune from Investors' Suit Over Madoff, Says Appeals Court Investors who said they lost money in Bernard Madoff's fraud may not pursue a lawsuit against the U.S. Securities and Exchange Commission ... Admiral Mullen to Address Insurance Group Retired U.S. Navy Admiral Mike Mullen will address an insurance audience in May, offering his view that the country's financial health is ... ACE USA Expands Privacy Protection with Data Breach Fund Sidecar ACE USA has introduced a new option for ACE privacy protection policyholders through enhancements to its data breach team endorsement. The ... Senate Passes $50 Billion Sandy Aid Package; Bill Goes to Obama A long-delayed $50.5 billion aid package for victims of Superstorm Sandy cleared the Senate on Monday, three months after the storm ... Treasury Pay Czar Allowed Excessive Pay at Bailed-Out AIG, GM: Inspector General The U.S. Treasury Department in 2012 failed to curb executive pay at companies rescued with taxpayer funds, the second straight year that ... Mississippi River Closure After Accident Delays 300 Barges More than 300 barges were awaiting passage through a closed section of the Mississippi River near Vicksburg, Mississippi, on Monday, a day ... Insurance Segments to Watch in 2013 - Part One: Fracking While many in the insurance industry were focused on the cyber liability, cargo theft, and weather segments in 2012, this year some insurers... More National News East Sandy Hit N.J.'s Maritime Industry Hard; Insurer Says 25,000 Boats Damaged Capt. Harold "Smitty" Smith couldn't believe it -- they were everywhere, hundreds of them. Stacked in piles by the dozen. Leaning against ... Judge Freezes Assets of Owners of Meningitis-Linked Pharmacy A bankruptcy judge on Monday froze the assets of the owners of the pharmacy linked to a deadly U.S. meningitis outbreak. Orders signed by ... Judge OKs Dewey & LeBoeuf Plan to Shred Old Client Files A judge on Friday, Jan. 25, approved a plan by bankrupt law firm Dewey & LeBoeuf to foot some of the cost of destroying old client files, a ... More East News Midwest Fraud Concerns Linger Over Illinois Driver License Law As Illinois becomes the fourth and most populous U.S. state to issue driver's licenses to illegal immigrants, nagging concerns remain about ... Missouri Insurance Department Returns Nearly $11M to Consumers in 2012 Consumers who filed complaints with the Missouri Department of Insurance received nearly $11 million in additional claim payments from ... Lockton Companies Forms Kansas City Benefits Analytics Team Lockton Companies Kansas City is pleased to announce its new benefits analytics team, which specializes in data driven solutions and ... More Midwest News Southeast Florida Marks I-75 Crash Anniversary; Tragedy Triggers Safety Measures, Lawsuits The pre-dawn traffic moved fast on Interstate 75 through Paynes Prairie Preserve State Park outside Gainesville. The highway had been ... Monsanto $93 Million Settlement with West Virginia Residents Approved A judge has given final approval to a settlement between chemical manufacturer Monsanto Co. and thousands of West Virginia residents over ... Bowers Joins Florida's Bass Underwriters as Senior VP Personal Lines Plantation, Florida-based wholesale insurance broker Bass Underwriters hired Bruce E. Bowers as senior vice president for personal lines. ... More Southeast News South Central Texas Medical Liability Trust to Provide Free EPL Coverage to Policyholders Texas Medical Liability Trust (TMLT) announced that on Feb. 1, 2013, employment practices liability insurance (EPLI) will be added to all ... Oklahoma Insurance Department Creates Anti-Fraud Advisory Board Oklahoma Insurance Commissioner John D. Doak announced the creation of an advisory board to increase the effectiveness of the Oklahoma ... State Farm Homeownes Rate Increase Denied in Louisiana Louisiana Insurance Commissioner Jim Donelon has declined to approve a recent homeowners rate request filed by State Farm Fire and Casualty ... More South Central News West Chevron Paid $10M In Northern California Refinery Blaze Chevron Corp. has paid $10 million in claims stemming from the Aug. 6 crude unit fire at its 245,000-barrels-per-day refinery in Richmond, ... Ex-Police Chief in Oregon Sues for Wrongful Termination A federal judge in Oregon has partially dismissed a lawsuit alleging wrongful termination by former Sunriver police chief Michael Kennedy. ... Trial Under Way In Southern California Hip Joint Replacement Suit A lawsuit that accuses Johnson & Johnson of knowingly marketing a faulty hip implant that lawyers say left thousands of people with ... More West News International Massive Floods Hit Queensland, New So. Wales; 4 Dead, Thousands Evacuated Massive summer floods killed four people and forced thousands of people to evacuate their homes across two Australian states on Tuesday, ... Typhon Launches Private Maritime Security Service against Piracy Typhon Maritime Security Service announced the launch of its first marine convoy escort service, designed to enable "ship operators to ... Airbus' Presentation Warned Airlines of Lithium Battery Risks a Year Ago Airbus warned the airline industry of risks related to lithium batteries almost a year before two safety incidents grounded 787 Dreamliners ... Dryad Maritime Expands With New UK Office Dryad Maritime - a commercial specialist in maritime intelligence in the UK- has opened a new office development in Hastings, UK. The move ... More International News Insurance Journal Blogs Secrets of EdgeRank: How to Expand Your Facebook Reach EdgeRank /ej-rangk/ noun 1.  The reason why only 5% of your fans see your posts in their Facebook newsfeed. Disclaimer:  I made that up. ... More Blogs Join the Insurance Journal Network Insurance Journal TV Government, Insurers Should to Join for Nat Cat Costs: Oliver Wyman Nothing occupies everybody's thoughts as much as a severe crisis. Now we've got two of them -... Watch Now Effects of Worldwide Economic Instability on American Companies Despite a slightly improved economy here in the U.S., the global economy is not out of the... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums What is your biggest pain as an agent? Posted: Tue Jan 29 -- I'm with lonestar on this one. A colleague of mine called the other day a little nervous about the new State Farm commercial where after a... Smalltownagent State Auto Opinions Posted: Tue Jan 29 -- I agree, thanks for reply Mr. Lander and Mr. Anderson. I do hope that these issues are ironed out and just a result of the move to Texas.... Smalltownagent 1st Year as a Producer Stories Posted: Tue Jan 29 -- Hi Everyone, I obtained both my P&C and Life/Health licenses at the end of September. Prior to my exams, I had no insurance experience. The... californiadude Insurance Noodle vs. Superior Access vs. Agent Secure Posted: Mon Jan 28 -- These MGA's are working on quantity and the system is set up for expedicious processing when a risk meets a tight set of guides and thus,... d's insurance store Imprezzio Marketing: SEO Firm Posted: Mon Jan 28 -- My sincerest suggestion is that you spend a bit of money on one of the current SEO books and study up before signing any kind of contract... d's insurance store Need state insurance requirements to open a boys home Posted: Mon Jan 28 -- Risk in ca. Need insurance requirements when opening a boys home. trotter Can an insured buy Contractual liabiliy as separtate policy Posted: Mon Jan 28 -- Risk in Ca. Sub Contractor needing to satsfiy gen contractor for contractual liability. Current gl doesnt offer what gen contractor is... trotter Farmers Changes Hiring Policies Re: Bankrupcy Posted: Sat Jan 26 -- by Farmers loosening their agent hiring practices, this can only be indicative that they are having trouble filling their recruiting goals.... lonestar Moving and Storage Company (Business Auto) Posted: Sat Jan 26 -- Nice program......... but not available in CA. There is an exclusive agent but will not wholesale. Miguelito Go to Forums Reader Comments In Inaugural Address, Obama Vows to Tackle Climate Change Posted: Tue Jan 22 -- Let me guess---this war will be waged via higher taxes as the cure. Can't wait until we are rid of this guy. Climate change is a scam. wayne Should Worst-Flooded Areas Be Left After Superstorm Sandy? Posted: Wed Jan 23 -- If these folks want to rebuild, fine, but isn't it reasonable to mandate that taxpayers shouldn't have to bear the cost of repeated rebuilds... wvagt Match.Com Calls Vegas Woman's Lawsuit 'Absurd' Posted: Wed Jan 23 -- If she wins this, I know a friend of my parents who set me up with their daughter for a horrible prom date that'll be hearing from my... Cheetoh Mulligan What Employees Should Know About Healthcare Changes Ahead Posted: Sat Jan 26 -- Slow down folks - let's figure out what is happening to the health care industry. It boils down to this - health care in America will soon... George B Taylor Sr Blogger Defends Against Cincinnati Bengals Cheerleader's Defamation Claim Posted: Fri Jan 25 -- I believe in freedom of speech and having an opinion. I disagree that we need to continually share it with the general public, especially... Huh! 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