Daily Headlines: Friday, March 29, 2013

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March 29, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Supreme Court Case Has Tax, Benefits Implications for Married Gay Couples If the U.S. Supreme Court strikes down a federal law defining marriage as between a man and woman, the newfound rights for gay married ... Top 10 Consumer Complaint Categories The Federal Trade Commission (FTC) has released its top 10 consumer complaint categories for 2012. For the first time ever, the agency ... Court Nixes IRS Bid to Reinstate Rules for Tax Preparers The U.S. Internal Revenue Service this week lost a request to prevent the partial shutdown of its tax return preparer regulatory program ... State Insurance Regulators Renew Pact with Chinese Regulators U.S. insurance regulators will continue a program of information sharing and cooperation that helps their counterparts in China learn about ... 10 Things to Know About Home and Auto There are more than 132 million housing units in the United States, more than 80 million of which are detached, single-family homes, and ... Ratings: Odyssey Re, National Fire, American Safety, N.J. Manufacturers, Blue Whale A.M. Best Co. has upgraded the issuer credit ratings (ICR) to "a+" from "a" and affirmed the financial strength rating (FSR) of 'A' ... ISO Commercial Property Changes - Part 4 - New Endorsements The commercial property changes presented in ISO's filing begin taking effect on April 1, 2013 (effective dates differ by state). This... TRIA Won't Be Extended, P/C Carrier CEOs Say Chief executive officers of property/casualty insurance carriers said their companies will still stand ready to provide... More National News East Pennsylvania's Overall Workers' Comp Rates to Drop 4.01% Pennsylvania Insurance Commissioner Mike Consedine announced Thursday that a workers' compensation rate reduction will go into effect next ... Four Insurers to Reimburse Mass. Drivers to Settle Allegations of Overcharges Four auto insurers have settled allegations that they overcharged Massachusetts consumers relating to auto insurance surcharges that were ... Lloyd's Sues N.H. Utility Company, Says Electrical Glitch Caused Fire The insurer for a business at New Hampshire's Hampton Beach has sued a utility, saying a February 2010 fire that destroyed a block of ... More East News Midwest Michigan Drivers to Pay $11 More for Crash-Related Health Care An insurance board says the annual fee that Michigan drivers pay for some personal injury costs will increase 6 percent to $186 per year ... New Rules in Place in Michigan for Insurer Use of Credit Information A series of new laws have taken effect in Michigan that how insurance companies can use a person's credit information. The laws passed last ... Child Care Provider Liability Law Passes in Nebraska Lawmakers have passed new insurance requirements for licensed child care providers in Nebraska. Child care services would have to provide ... Lack of Insurance, Permits Closes Nebraska City Free Bar Shuttle Two Nebraska City, Neb., men have been told they can't continue to offer free rides to bar patrons until the men get permits and more ... More Midwest News Southeast Kentucky Legislature Approves Christians-Only Health Plan Bill A Christians-only health care plan would be allowed to resume operations in Kentucky under a measure that has passed the Legislature and is ... Loss from Tennessee Wildfire Estimated at $12 MIllion Sevier County, Tennessee  authorities estimate the loss in a wildfire earlier this month at about $12 million. The Mountain Press reported ... More Southeast News South Central Louisiana Couple Arrested for Possessing $165K in Stolen Vehicles Louisiana State Police announced that insurance fraud detectives have arrested a Lake Charles couple for charges relating to possession of ... ImpactWeather: Hurricanes in 2013 Will Be More Severe Than in 2012 Houston-based ImpactWeather predicts that 2013 will bring a series of hurricanes more severe than 2012. In an announcement released by the ... Ex-New Orleans Policeman Pleads Guilty to Criminal Mischief in Car Crash A former New Orleans police officer accused last fall of falsifying a police report to cover up an alleged hit-and-run accident in his ... Questionable Arson Investigation Leads to New Trial for Texas Man A Texas man convicted of setting a fire that killed his two stepsons was granted a new trial by the state's highest criminal court, which ... More South Central News West UC Irvine to Settle Federal Fraud Claims For $1.2M UC Irvine has agreed to pay $1.2 million to settle allegations that the Southern California university allowed residents at its medical ... Hawaii Naturopathic Doctor Sued in Home Birth A 28-year-old Manoa woman has filed a lawsuit against a Honolulu naturopathic doctor she says acted negligently and caused her son to ... Proceedings Sought For New Mexico Gas Explosion New Mexico pipeline safety regulators say New Mexico Gas Co. violated state laws and federal regulations during work that occurred before a ... ProAssurance, CAP Partner to Offer California Hospitals Liability Protection ProAssurance Corp., a specialty writer of professional liability insurance, and the Cooperative of American Physicians, Inc. (CAP) are ... More West News International History of Bank Runs Shows Capital Limits Can Feed the Fear When Argentina froze access to bank deposits in December 2001, the popular backlash was so severe its president and his successor had ... Earthquake Rattles Central Taiwan; Causes Minor Damage: AIR Worldwide Catastrophe modeling firm AIR Worldwide reports that a "magnitude 6.0 earthquake struck central Taiwan on March 27, 2013, at 10:03 a.m. ... Best Affirms Fairfax Financial and Subs Ratings; Outlook Stable A.M. Best Co. has affirmed the issuer credit rating (ICR) of "bbb" and the unsecured debt and preferred equity ratings of Toronto-based ... Best Sees Alliance Deal with Yapi Kredi Enhancing Business Profile A.M. Best Europe - Rating Services Limited has commented on the recent announcement from Germany's Allianz SE that it is entering into a ... Ratings Recap: Ansvar, ARABIA (Jordan), ARABIA (Lebanon), ARABIA (Saudi Arabia), Transmonde A.M. Best Asia-Pacific Limited has affirmed the financial strength rating of 'A-' (Excellent) and issuer credit rating of "a-" of ... More International News Join the Insurance Journal Network Insurance Journal TV Greenberg's View: First Job, 'White Blackbirds,' Corporate Culture Maurice "Hank" Greenberg helped build American International Group into the world's largest... Watch Now D&O Trends: Keeping Eye on Securities Litigation There have been a lot of changes in the world of securities litigation. Insurance Journal... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums SIAA vs. Cluster? Posted: Fri Mar 29 -- I'm a 15 year Farmers agent who is looking for an exit strategy and like the sound of some of these companies that pool resources. I've... JZanders Farmers vs. Independent Posted: Thu Mar 28 -- hello Friends, I am a new in field with a CA P&C License. Please suggest me the company,where I would start as a entry level or trainee... munda4545 New independent agency Posted: Wed Mar 27 -- Another good thing to remember when starting a new agency is the workload you are going to have to do on certificates, and having questions... policyspot Go to Forums Reader Comments Lobbyists Keep Battling As Obamacare Turns 3 Posted: Mon Mar 25 -- There has never been a bill passed in Congress in the history of the country that has had as much negatively said about it after this much... Agent Florida Gov. Scott, Insurers Vow Fight to Save PIP Law After Injunction Posted: Fri Mar 22 -- Just do away with this outdated coverage. Create reasonable mandatory bodily injury liability limits. Make UIM/UM a mandatory coverage with... TN Insurance Agent Takes Stand on Gay Marriage in Supreme Court Case Posted: Thu Mar 28 -- Is your young daughter an adult? If yes, and she consents, then we have 2 consenting adults and they should be allowed to get married (enter... Captain Planet How Obamacare Could Affect P/C Insurance Posted: Thu Mar 28 -- Sarting to see employers who have 20-50 workers set up new companies (split there employees between two companies) to avoid paying for... TX Agent Flood Insurance Policyholders Told to Expect Big Premium Hikes Posted: Thu Mar 28 -- About time, tired of seeing my tax dollars going to New York and New Orleans! If you want to live on the water, you pay for it, not me! I... 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