Friday, February 15, 2013

Daily Headlines: Friday, February 15, 2013

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Insurance Journal Daily Headlines
February 15, 2013
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Judge Accepts Transocean Settlement in Gulf Oil Spill

A federal judge on Thursday accepted a guilty plea by rig contractor Transocean Ltd. for violating the U.S. Clean Water Act along with a ...

President Obama Says Patent Reform Needs to Go Farther

President Barack Obama, in an unusual foray into patent law, on Thursday said U.S. patent reform needs to go farther to address the trend ...

NAS Insurance Launches Professional Liability Program for ACOs

NAS Insurance Services has introduced a comprehensive professional liability insurance program for accountable care organizations (ACOs). ...

Obama Administration Says Health Insurance Exchanges on Track

The Obama administration on Thursday assured U.S. lawmakers that it is on track to enroll millions of people in new state health insurance ...

Toyota Finalizes $29 Million Multi-State Settlement Over Acceleration

Toyota Motor Corp. will pay $29 million as part of a multi-state settlement agreement finalized on Thursday over the Japanese automaker's ...

From MyNewMarkets.com ISO's Commercial General Liability Filing - Get Ready

Insurance Services Office's (ISO's) four major filings in commercial property, business auto, businessowners coverage, and commercial...
Why Should I Hire You as My Insurance Agent? - new class from Academy of Insurance
East

N.J. Congressional Delegation Expresses Concern Over NFIP Claims

On Tuesday Feb. 12, New Jersey's Congressional delegation sent a letter to Federal Emergency Management Agency Administrator W. Craig ...

Bill to Mandate Motorcycle Helmets Aired in Maine

The latest proposal to again make helmet use mandatory for all Maine motorcyclists was couched Tuesday, Feb. 12, by supporters as a public ...

Willis Announces Exec Appointments, Office Expansions in Massachusetts

Willis North America, a unit of global insurance brokerage Willis Group Holdings, announced three executive appointments and office ...

Upstate New York Woman Sentenced for Crash Fraud Scheme

Authorities announced this week that a Utica, N.Y., woman has been sentenced for her role in an insurance and health care fraud scheme. The ...

163K Nonfatal Workplace Injuries, Illnesses Reported by N.Y. Private Employers in 2011

Almost 163,000 nonfatal workplace injuries and illnesses were reported among New York private industry employers in 2011, according to data ...
The Insurance Professional's Basic Guide to Risk Management and Insurance, get the book by Christopher J. Boggs
Midwest

Former Wisconsin Insurance Executive Sentenced to 5 Years for Fraud

A former Wausau, Wis., insurance agency executive has been sentenced to five years in prison for a fraud scheme. Former J.N. Manson Agency ...

Missouri Bill to Raise Seat Belt Fines Gains Support

A long-running proposal to raise Missouri's fines for seat belt violations gained support on Feb. 13 from police, doctors, truckers, ...

Missouri House Panel Considers Medical Liability Limits

Missouri doctors urged a state House committee to reinstate liability limits for medical malpractice cases after the state Supreme Court ...

Ohio Panel Examines Rules for Health 'Navigators'

Ohio lawmakers are again weighing regulations for a new group of professionals who will help guide consumers through the new health ...

A.M. Best Affirms Ratings of Michigan's Ally Insurance Group Members

A.M. Best Co. has affirmed the financial strength rating of B++ (Good) and issuer credit ratings of "bbb" of Motors Insurance Corp. and its ...
Southeast

Alabama Weighs Grants for Wind-Proofing, Creation of Insurance Research Center

Some of the money that Alabama receives from BP over the Gulf oil spill could end up helping coastal residents make their homes more ...

U.S. Wants Gaylord's Tennessee Flood Suit Against Army Corps Dismissed

A federal judge is scheduled to hear arguments on whether to dismiss a lawsuit filed by the Gaylord Entertainment Co. seeking money for ...
South Central

Workers' Comp Tops Oklahoma Small-Business Agenda

Lt. Gov. Todd Lamb and Oklahoma business leaders rolled out their legislative agenda for small businesses and manufacturers on Feb. 12, ...

Louisiana's Assumption Parish Sinkhole Gets Bigger

The sinkhole in northern Assumption Parish, La., continues to grow. John Boudreaux, director of the Assumption Parish Office of Homeland ...

Barge Spills Oil after Collision on Lower Mississippi River

A collision involving a barge Thursday night resulted in an oil spill near Baton Rouge, Louisiana on the Mississippi River, the United ...

Richard Named President of FARA

David Richard will assume the position of president of F.A. Richard and Associates (FARA), York Risk Services Group Inc. (York) announced. ...
West

Complaint: Southern California Edison Manipulated Nuclear Plant Repair Costs

A complaint filed with California regulators says Southern California Edison boosted the cost of replacing defective steam generators at ...

Arizona Teen Drivers Face Cellphone Ban Under Senate Bill

Arizona lawmakers are coming after teen drivers' cellphones. A bill approved by the Senate Committee on Public Safety on Wednesday seeks to ...

Crop Insurance Tops Garamendi's Ag Committee Goals

As the newest member of the House Agriculture Committee Congressman John Garamendi says he plans to put crop insurance, agricultural ...

State Fund Names Sanchez Chief Operating Officer

State Compensation Insurance Fund named Beatriz Sanchez as chief operating officer. State Fund's Board of Directors confirmed Sanchez's ...

IICF Launches Arizona Chapter

The Insurance Industry Charitable Foundation Western Division announced the establishment of an Arizona Chapter. It's the second chapter ...

EPIC Adds Descalsoas Principal in Northern California

Edgewood Partners Insurance Center named George Descalso as a property and casualty insurance producer and principal in its San Mateo, ...
International

G20 Wrangles over Currencies, Borrowing, Deficits at Moscow Talks

The Group of 20 major economies struggled on Friday to find common ground on currencies and borrowing, exposing rifts between advocates of ...

Allied World Posts $41.1 Million Q4 Loss; FY 2012 Net Income $493 Million

Allied World Assurance Company Holdings, AG, which is domiciled in Switzerland, reported a net loss of $41.1 million, or $1.17 per diluted ...

Sullivan Leaving Willis in May; Hearn to Lead Global Solutions Unit

Willis Group Holdings plc announced that Martin Sullivan, the Group's Deputy Chairman and Chairman and CEO of the Willis Global Solutions ...

Ratings Recap: Compania Internacional (CIS), Leadway

A.M. Best Co. has upgraded the financial strength rating to 'A' (Excellent) from 'A-' (Excellent) and issuer credit rating to "a" from "a-" ...
Insurance Journal Blogs

Burand's Agency E&O Blog: Tip #23

Do you put an expiration date on all your proposals? If not, when does the proposal expire? Some consumers, most usually commercial ...

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Insurance Journal TV

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Markel Specialist Talks Nonprofits

Nonprofits were hit hard by the economy, and now face ongoing public perception issues thanks...
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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...

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New Discussions in the Forums

Farmers vs. Independent
Posted: Fri Feb 15 -- I agree with Chrome. What amazes me, is that after all the information about Farmers is posted and read here, and everywhere else, why are... lonestar
Internet Cafe
Posted: Thu Feb 14 -- What state? We are writing a number of these and using Penn-Star Ins Co. and other carriers. ... INTLXS
S. California CSR openings
Posted: Wed Feb 13 -- There's this site called Monster.com - ya might want to check it out. You also might want to check with the CA DOI on licensing requirements... Big Dog
Carrier technology
Posted: Tue Feb 12 -- In your opinion, which carriers offer the best POS / web portals for agents? which are the ones that offer the worst tools? daniman
Could the insurance industry do more to Century?
Posted: Mon Feb 11 -- I find this industry pretty frustrating at times. It's sad if all a player can do to stand out from the rest is use a stuffed animal or... PaulBrindley
1st Year as a Producer Stories
Posted: Thu Feb 7 -- Right on Sac thank you. The "Trusted Advisor" is what I am seeking to be. californiadude
Credit Card Processing
Posted: Wed Feb 6 -- You may want to look at SQUARE... beyert1
CPCU 500 HELP!
Posted: Tue Feb 5 -- I took the CPCU 500 in March of 2012, which is the new "500" - the old one was the "510". If you have a sign-on at "the institutes" they... gdsmack

Reader Comments

How Identity Theft Ruined Alabama Victim's Finances, Career
Posted: Tue Feb 12 -- Can one person here even make a rational attempt at explaining why our Social Security numbers-- something which clearly says "NOT FOR... ExciteBiker
Court Grants Indiana Employer Relief from Contraceptive Coverage Mandate
Posted: Tue Feb 12 -- Good for them! Has anyone heard of what's happeneing to Holly Hobbie? They were under attack as well. Always Amazed
Top 10 Alcohol Brands of Underage Drinkers
Posted: Tue Feb 12 -- Ahhh...the MD 20-20 and the Boones Farm! I remember those days well. Well...almost! Ghost
U.S., States Weigh Suing Moody's Over Mortgage Ratings
Posted: Fri Feb 8 -- Can anyone take the responsibility for their own ignorance anymore. Moody's probably would have given Apple an AAA rating, hmmmm... I just... Bill
Christians-Only Medi-Share Could Be Back in Business in Kentucky
Posted: Thu Feb 14 -- Good call for Kentucky. Cant see how a "self insured group" funding their own, taking care of their own, sharing in costs of their own... Ghost

Current Issue

February 11, 2013
Current Issue
Nonprofits, Social Services & Schools; Errors & Omissions; Business Auto & Repair: Commercial Auto, Gas Stations, Service Stations, Garagekeepers Liability, Tire Dealers & New / Used Car Dealers; Bonus: The Florida Issue (Special Supplement)

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