Wednesday, January 2, 2013

Daily Headlines: Wednesday, January 2, 2013

Insurance Journal Daily Headlines
January 2, 2013
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

10 Insurance Ins and Outs, Ups and Downs of Year of Dragon 2012

In Chinese astrology, the year 2012 was the Year of the Dragon, a symbol of unpredictability and uncertainty. The dragon represents mystery ...

How 'Fiscal Cliff' Package Deals with Business Taxes

The "fiscal cliff" deal that slowly, painfully took shape in the U.S. Congress in recent days fulfills some of corporate America's tax ...

Evolution of Cyber Coverage: How to Sell to Today's Businesses

The insurance industry has wrestled with the best way to respond to all the different privacy and security exposures businesses face in the ...

House Republicans Look to Split $60B Sandy Aid Bill in Half

The U.S. House of Representatives is expected to split a $60.4 billion Superstorm Sandy disaster aid bill into two parts, staging votes on ...

From MyNewMarkets.com 6 Things for Independent Agents to Worry About in 2013

The 100-plus year-old independent agency distribution system is expanding, according to Future One's 2012 Agency Universe Study. The...
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East

U.S. House Skips Vote on Sandy Aid, Angering Members From Storm-Hit States

The U.S. House of Representatives adjourned on Tuesday night without acting on a $60.4 billion Superstorm Sandy disaster aid bill, ...

Busy, Stressful Year of Storm Recovery Ahead in New Jersey

Tricia McAvoy is busily preparing for a Christmas party -- now set for next summer. She's making a list of who to invite to a party she's ...

2012 Was Hottest Year for New Jersey Since Record Keeping Began in 1895

It may not feel like it with the cold temperatures and biting wind of the last few days, but 2012 was the warmest year on record for New ...

Lawyer Drops $100M Claim Against Connecticut in School Shooting

A $100 million legal claim filed against the state of Connecticut in the wake of the deadly Newtown elementary school shooting has been ...
Midwest

Arthur J. Gallagher Acquires Hardman & Howell in Kansas

Arthur J. Gallagher & Co. acquired Hardman & Howell Benefits in Wichita, Kan. Terms of the deal were not disclosed. Hardman & Howell ...

Indiana Court Rules Duke Must Cover Ice Storm Costs

The Indiana Court of Appeals ruled that state regulators acted appropriately when they rejected Duke Energy Corp.'s bid to pass more than ...

Slip-And-Fall Cases Tough to Make in Michigan Courts

Slip-and-fall lawsuits once were a staple for injury attorneys. But they've become extremely tough in Michigan courts, due to a strict ...

Michigan Man Who Beat Odds Fights No-Fault Insurance Reform

Sam Howell could barely speak seven years ago. He pointed at letters on a board to communicate. He struggled to stand by himself in his ...
Southeast

Veteran Inspector White Named West Virginia Mine Safety Chief

A longtime mine inspector and safety official will now head such efforts in West Virginia, after Gov. Earl Ray Tomblin appointed Eugene ...
South Central

Texas' Expected Surplus Won't Lessen 2013 Budget Fight

Shortfall and sacrifice: that's how the Texas Legislature two years ago defended gutting $5.4 billion from public education, laying off ...

Texas Residents File Harassment Suit Against City

Nine people have filed a civil rights lawsuit against the city of Bovina, Texas accusing a former police chief and other city officials ...
West

Montana Court: Hutterites Must Pay Workers' Compensation

A divided Montana Supreme Court says forcing a Hutterite religious colony to pay workers' compensation insurance for jobs outside the ...

Shell Drill Ship Runs Aground On Island Off Alaska

Royal Dutch Shell PLC's foray into Arctic offshore drilling has suffered a serious setback after one of its two Alaskan drilling rigs ran ...

Murder Witness Sues California National Guard for Retaliation

A sergeant is suing his employer, the California Army National Guard, for alleged retaliation after he testified in the murder trial of a ...

California Court: Parks Not Liable For Bumper Car Injuries

Amusement parks are not financially responsible for injuries suffered on bumper cars, the California Supreme Court ruled in an opinion ...
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International

Validus Initial Estimate of Sandy Impact is $331.1 Million

Bermuda-based Validus Holdings, Ltd. announced that its initial estimate of the net negative financial impact from Hurricane Sandy is ...

Condon Joins Miller's Reinsurance Team

UK-based broker Miller Insurance Services LLP announced that Charlotte Condon, an experienced producer and broker of facultative ...

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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

High Value homes in brush
Posted: Tue Jan 1 -- Agree with D's... I have been using hull for access to those markets but I know other GAs have access as well. paulbennings
Signing up for an insurance directory
Posted: Mon Dec 31 -- I have been doing a ton of research on the usefulness of them for our own agency. I haven't found any myself that focuses on any given... paulbennings
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? OMG...it... surestart12345
CA Roofing Contractor WC
Posted: Sat Dec 29 -- The only WorkComp market in CA for roofers is the State Fund. ets80
Non emergency medical transportation for hire
Posted: Sat Dec 29 -- I am a new insurance broker in Southern California. I have recently ran into a few people that are looking for Non emergency medical... rb112278
WC account Losses 189 X-mod hard class codes
Posted: Fri Dec 28 -- Who is BBSI and where can they be accessed? We are down to the wire on this. State Fund has quoted and the other competing broker has... dgarzoli
brightway insurance brokerage in florida
Posted: Thu Dec 27 -- All I have to say is after working for Brightway the last 3 years, I question everything about the company. They accounting is terrible and... Blah22

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
6 Things for Independent Agents to Worry About in 2013
Posted: Fri Dec 28 -- You are so right Wvagt. We, as Independent Agents have a lot to worry about with the state of the economy, higher taxes for us and our... Agent
Thousands of Drivers Caught In Northern California Cell Phone Crackdown
Posted: Thu Dec 27 -- I believe that texting while driving is akin to driving while impaired or at least reckless driving and should be treated accordingly. Even... Center Point
N.Y. Agency Owner Charged With Issuing Fraudulent Certificates of Insurance
Posted: Fri Dec 28 -- Hopefully, he is prosecuted and has to serve some time. If not, I don't think many insurance carriers would want to do any further business... Agent
Florida Court Allows Drivers to Rebut Presumption of Fault in Rear-End Crashes
Posted: Fri Dec 28 -- The case aside, this should show everyone why cell phone use and driving don't mix and also why following too closely is a poor choice even... ExciteBiker

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