Daily Headlines: Monday, March 25, 2013

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March 25, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Crowded U.S. Coastal Areas to Get Even More Crowded: NOAA If current population trends continue, the already-crowded U.S. coast will see population grow from 123 million people to nearly 134 ... Record Crop Claims Fuel Debate Over Government Subsidies for Farmers Farmers will be paid a record $16 billion in crop insurance claims for 2012 because of the widespread drought, a staggering amount that has ... Ruling Against News Aggregator Could Affect Copyright 'Fair Use' A federal judge concluded that an Internet news clipping service essentially resold stories from The Associated Press, saying in a decision ... Lobbyists Keep Battling As Obamacare Turns 3 Eight months before President Barack Obama's health care law goes prime time, a confederation of industry and business groups is ramping up ... Last Chance: Young Agents, Tell Us What You Think Are you a young insurance agent, 40 years old or younger? Do you know a young insurance agent? Today is the deadline to tell the industry ... Financial Firms Tie Support for Consumer Chief Cordray to Bureau Reforms The Financial Services Roundtable says it will support the confirmation of Richard Cordray to lead the Consumer Financial Protection Bureau ... Marsh's Mastrolia Joins Swett & Crawford Wholesale's Construction Team Swett & Crawford Wholesale has appointed Anthony "Tony" Mastrolia as executive vice president of Construction. Mastrolia brings to Swett & ... AIG Introduces Risk Financing Option for U.S. Casualty Clients American International Group, Inc. (AIG) has launched Collateral Flex Option (CFO), a new risk financing option for companies with large ... ISO Commercial Property Changes - Part 2 - Cause of Loss Form Changes Insurance Services Office's (ISO's) form and endorsement filing is actually quite fascinating. The commercial property changes presented... P/C Carrier 2012 M&A Deals Nosedive: Conning Amounting to just $4.7 billion in aggregate deal value, 46 merger and acquisition transactions announced in the... More National News East N.J. Gov.: FEMA May Scale Back Hazardous Designations in New Flood Maps Since shortly after Superstorm Sandy pummeled the Jersey shore last October, homeowners up and down the coast have agonized over whether to ... General Star Expands Accountants Program into Pennsylvania General Star Management Co. has expanded its admitted accountants professional liability program into Pennsylvania. Pearl Insurance, ... Massachusetts Sees Dramatic Dip in Car Thefts Car thefts in Massachusetts have dropped by 88 percent since the mid-1970s, when the state had the dubious distinction of being the ... N.J. Poll: Rules Needed for Rebuilding After Superstorm A new poll finds most New Jersey voters surveyed believe the state should impose specific rules on property owners who are rebuilding after ... Patriot National Appoints Northeast Regional VP in Pennsylvania Workers' compensation insurer Patriot National Insurance Group appointed Timothy O'Malley as the Northeast regional vice president. In his ... More East News Midwest Missouri Regulators Reach $2M Settlement with Travel Insurance Company The Missouri Department of Insurance announced that Missouri consumers who purchased travel insurance policies sold by a Pennsylvania-based ... Ohio Marks 1913 Flood Centennial, Warns of Dangers State officials are using the 100th anniversary of a devastating and deadly flood to encourage Ohioans to prepare for potential high water ... Indiana AG Recovers $18M in Unclaimed Insurance Benefits Some Indiana residents may be receiving life insurance money they weren't aware they were entitled to. Attorney General Zoeller announced ... More Midwest News Southeast Florida Lawmaker Wants to End Insurance Company Tax Credit A top Senate Republican wants to roll back fees now charged to Floridians to renew their driver's license and car tags. Sen. Joe Negron, ... Christian Health Insurer, Pension Liability Top Kentucky Legislature's Closing Days Lawmakers return to the Capitol on Monday with two days remaining to pass legislation intended to shore up Kentucky's pension plans for ... FDA Warns on Georgia Compounding Pharmacy Recall The Food and Drug Administration is warning doctors that a Georgia-based compounding pharmacy is recalling dozens of lots of the Roche drug ... Florida Debates Wage Theft Legislation Businesses and workers-rights advocates are fighting over a bill that would set uniform state standards for employees who say they haven't ... American Integrity, Wright Flood to Offer Residential Flood Insurance Florida residential property insurer American Integrity Insurance Group has partnered with Wright Flood, a flood insurance provider to ... More Southeast News South Central Receivership Proposed for Texas' Insurer of Last Resort In a meeting on March 25, the board of directors of Texas' insurer of last resort in coastal areas is expected to discuss the ... Texas Arson Convictions Under Review In Light of New Fire Science Ed Graf was given life in prison 25 years ago for killing his two stepsons by locking them in a backyard shed and setting it on fire. Two ... Oklahoma Independent Agents Express Support for Work Comp Bill Leadership at a statewide association of independent agents in Oklahoma has issued statements publicly supporting workers' compensation ... Louisiana Citizens Borrowing Plan Stalls in Bond Commission State officials stalled a decision on whether Louisiana's property insurer of last resort should borrow $100 million to help close an ... More South Central News West Montana Panel Considers Ending Unisex Insurance Rates Supporters of a bill that would allow some insurance companies to consider sex when determining policy rates say the measure would put ... 1980s Computer Monitor Blamed For Utah Church Fire Investigators are blaming a 1980s-era computer monitor for a fire that ravaged a Clearfield church this week. The Standard-Examiner reports ... Washington Weighs First Abortion Insurance Mandate In US In 1970, Washington became the first - and remains the only - state in the country to legalize elective abortions by a popular vote. A ... New Mexico Jury Awards $58.5 Million In Tanker Accident Jurors who wanted to send a message to the trucking industry awarded $58.5 million to the estate and family of a Carlsbad, N.M. man fatally ... New Mexico Reaches Settlement Over Massive Tire Dump A massive tire dump that stretches through a remote arroyo in northeastern New Mexico will be cleaned up as part of a settlement reached ... PCI Slams Oregon Bad Faith Proposals A handful of bills proposed in Oregon could hit consumers with nearly $200 million in cost increases and yield a rash of lawsuits, ... More West News International UK Online Aggregators Now Have 40% of Personal P/C, but not Commercial "Online aggregators have revolutionized the distribution of personal lines insurance in the UK," concludes a study from Finaccord, a market ... Little Takes over from Keogh as EQECAT President The Texas-based ABS Group announced that it has appointed Paul Little as President of EQECAT, its catastrophe modeling company. He replaces ... Ratings Recap: Solid, Allianz France, Risk Re A.M. Best Europe - Rating Services Limited has upgraded the issuer credit rating to "bbb+" from "bbb" and affirmed the financial strength ... More International News Insurance Journal Blogs Jersey Pols Shill for the NFIP's Three-Card Monte My home state of New Jersey has been the scene of a number of historic events over the years, both famous and infamous: the invention of ... More Blogs Join the Insurance Journal Network Insurance Journal TV Greenberg's View: AIG's Rise and Near Fall, Spitzer's Campaign, Financial Crisis Maurice "Hank" Greenberg helped build American International Group into the world's largest... Watch Now Gordy Bunch on Growth at The Woodlands Financial Group Richard "Gordy" Bunch, president and CEO of The Woodlands Financial Group, readily concedes... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums AI request on form 126 - where do you Posted: Fri Mar 22 -- Either of those works, but also put it in the hazards (class code & rate) section with Addl Ins BF so if they see it on the rating portion... FurriePrincess Arizona broker fees Posted: Fri Mar 22 -- You are making the assumption of a couple of things: 1. That the retail agent is not the one with a surplus lines license 2. That I was not... INTLXS What is your biggest pain as an agent? Posted: Tue Mar 19 -- Silly requests on COI's from people who think they know what they are doing. Examples: Requiring a 2/4 GL limit, nothing else, when insured... kevinraz Insurance agencies for sale ? Posted: Mon Mar 18 -- I've got an idea or two. First, contact your broker who handles your E&O agency policy...they're going to know first when an agency is ready... d's insurance store Insurance directories?? Posted: Sun Mar 17 -- I agree the BBB is a great directory to use and it will provide a boast to the rankings Google applies to your site. The more trusted the... BestCarCoverage Astonish Results or Squid Posted: Fri Mar 15 -- NYagent301- I'm also a 24 year veteran industry professional...while its true everyone is Entitled to their personal opinion, and It's true... Pathwayinsurance Online Competition Posted: Fri Mar 15 -- "I believe you are incorrect in your assumption. Clients do want value. You just need To take steps to educate them on why they need value.... Robert742 Trailer Interchange 75k Delaware Posted: Tue Mar 12 -- Does anyone have a market for $75k in trailer interchange coverage, and $250k cargo coverage that would include the insured hauling 3 -5... DIG2013 Go to Forums Reader Comments Insurance Claim-Padding OK with 24% of Americans: Survey Posted: Wed Mar 20 -- T, We see the evidence of insurance fraud every day. Professional claimants abound. Everything from staged auto accidents, slips and falls... Agent Suit Alleges Oregon Teen Burned During MRI Posted: Mon Mar 18 -- I do believe the boy is entitled to pain and suffering for the carelessness of the technician... but $2,000,000 seems excessive. Suze Buffett's Salary Unchanged After 25 Years Posted: Wed Mar 20 -- Personally, when the level of wealth of the Buffetts of the world is reached, it's not about how much a man "has" as how much he "controls".... phoenix Mississippi House Revives Guns in School Proposal Posted: Tue Mar 19 -- "House Education Committee Chairman John Moore, R-Brandon, said the carnage of the Newtown, Conn., school shooting could have been prevented... insurance is fun! 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... 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