Daily Headlines: Thursday, March 28, 2013

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March 28, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National How Obamacare Could Affect P/C Insurance The key changes in federal health care reform remain months away but property/casualty actuaries are already trying to determine what ... Flood Insurance Policyholders Told to Expect Big Premium Hikes The head of the Federal Emergency Management Agency said people who buy federal flood insurance need to plan for big rate hikes. FEMA ... Wal-Mart Considers Entering 'Sharing Economy' with Customer Delivery Plan Wal-Mart Stores Inc. is considering a radical plan to have store customers deliver packages to online buyers, a new twist on speedier ... P/C Mergers Down in 2012 But Private Equity Still Favored Brokers: Conning Amounting to just $4.7 billion in aggregate deal value, the 46 merger and acquisition transactions announced in the property/casualty ... AIG Adopts Clawback Policy, Employee Incentive Plans American International Group, the insurer whose government bailout was marked by controversy over executive salaries, on Wednesday said its ... The Hartford Expands Construction Group The Hartford has enhanced its Construction Group capabilities by bring together its underwriting, claims management and loss control ... Supreme Court Deals Another Blow to Class Actions with Comcast Decision The U.S. Supreme Court on Wednesday ruled in favor of Comcast Corp. in an antitrust case over how much it charged cable TV subscribers, ... 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... Broker Exec Sees Price Shoppers Emerging In Bifurcated Casualty Market The reasoning that carrier executives advance for increased prices of casualty insurance--starting with low interest... More National News East Report: Massachusetts to See Drop in Medical Claims Costs Medical claims costs are expected to soar in many states under President Barack Obama's health care overhaul. Massachusetts is an ... Connecticut Receives $250M in Federal Sandy Aid Connecticut's governor says more than $250 million in federal assistance has been approved to help people and businesses affected by ... Hospitality Insurance Announces 3 Senior Appointments in Massachusetts Hospitality Insurance Group -- a Westborough, Mass.-based insurer offering insurance coverage for bars, restaurants, package stores and ... Study Shows Medical Claims Cost Increasing in Delaware A new study says medical claims costs in Delaware will increase by almost 30 percent for individual policies under President Obama's health ... More East News Midwest Few Wisconsin Communities Have Sober Bartender Laws The eastern Wisconsin city of Neenah is considering an ordinance that would require bartenders to show up for work sober - and ban them ... A.M. Best: Outlook Negative for Columbia Mutual Insurance Co. A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating (FSR) of A- (Excellent) and issuer ... Ohio Woman Sentenced for Workers' Comp Fraud, Owes $88K An Ohio woman was sentenced on multiple counts after agents with the Ohio Bureau of Workers' Compensation (BWC) captured video of her ... More Midwest News Southeast North Carolina Bill Would End Motorcycle Helmet Mandate for Adults Legislation that would end North Carolina's mandatory helmet law and make it optional for riders age 21 and over won support from the ... West Virginia Unlikely to Remove Local Guns Laws: Senate President West Virginia Senate President Jeffrey Kessler says a bill that would eliminate municipal gun restrictions in four cities is unlikely to ... West Virginia Vote on Seat Belt Law Due Today West Virginia's House of Delegates is back on track to vote on whether to allow traffic stops for failure to wear a seat belt. Legislation ... More Southeast News South Central Louisiana Sinkhole Expands Again About 25 trees fell into the Assumption Parish, La., sinkhole and officials say a new crack formed Monday night in a well pad south of the ... Oklahoma Panel Delays Vote on Workers' Comp Reform A scheduled Oklahoma House committee vote on a Republican-backed plan to overhaul the state's workers' compensation system has been delayed ... Katrina, Sandy Offer Similar Lessons for Builders Lessons learned from Hurricane Sandy about how best to limit damage to buildings closely track those of Katrina, a federal engineer said. ... More South Central News West Black LAPD Officer Wins $1.2M Discrimination Suit A black Los Angeles police officer was awarded $1.2 million by a Southern California jury Tuesday for his racial discrimination and ... Bond Set At $1M Following Idaho Man's 7th DUI Charge A south-central Idaho man with six previous convictions for driving under the influence has been charged with a seventh after police say he ... OSHA Fines Nevada Energy $43K After Worker's Death Federal officials have fined NV Energy $43,000 after investigating a fall that killed a 29-year-old Nevada employee in September. The Las ... PG&E: Progress On Safety Recommendations at California Plant More than two and a half years after a pipeline explosion killed eight people in a San Francisco suburb, a Northern California utility said ... Heffernan Benefits Names Alarcon in Northern California Heffernan Benefits Advisory Services, a division of Heffernan Insurance Brokers, named Andrea Alarcon to the position of benefits ... More West News International Austerity Threatens Europe's Competitive Edge in Infrastructure Europe's carefully maintained autobahns, high-speed TGV trains and vast network of modern airports have long been the envy of the world. ... Allianz Seals Deal with Turkey's Yapı Kredi for Insurance Acquisition/Distribution Germany's Allianz announced that it has reached an agreement with Turkey's Yapı Kredi for a 15-year exclusive distribution agreement and ... Lloyd's Bounces Back from 2011 Loss: Posts $4.517 Billion 2012 Profit Lloyd's announced an overall profit of $4.517 billion for 2012, making the $800 million loss in 2011, the costliest year on record for ... Swiss Re Settles Dispute with Berkshire Hathaway over Life Retrocession Swiss Re announced that it has reached a settlement of a dispute with Berkshire Hathaway over a life retrocession agreement, concluded in ... Ratings Recap: Takaful Int'l., Malayan Insurance A.M. Best Europe - Rating Services Limited has assigned a financial strength rating of 'B++' (Good) and an issuer credit rating of "bbb" to ... More International News Insurance Journal Blogs North Carolina's 'Other' Auto Insurance Market I've already covered in these pages some of the things the editorial pages of North Carolina's leading newspapers are getting wrong about ... More Blogs 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 Smart Choice or Superior Access Posted: Tue Mar 26 -- i don't have an answer for any of the post here today but just want to share my experience with Smart Choice. i have a new agency and signed... robert Arizona broker fees Posted: Mon Mar 25 -- If the Wholesale Broker / MGA is making the filing (regardless of the retail agent having a SL license), then my information was correct. If... AZagent 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 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 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 Obamacare to Hike Some, Lower Other Individual Health Premiums: Sebelius Posted: Wed Mar 27 -- I agree Dave. Instead of doing the right thing for the people and doing Tort Reform, they accepted the money from the Trial Lawyers and left... Agent Insurance Agent Takes Stand on Gay Marriage in Supreme Court Case Posted: Wed Mar 27 -- That would be any species that exists in nature and has the potential to engage in sexual activity. "Species" is in reference to the manner... Don't Call Me Shirley Minnesota Bills Would Allow Driver Licenses for Illegal Immigrants Posted: Sat Mar 23 -- And isn't that just a slap in the face to those immigrants who are here LEGALLY?? Very disappointing.......of course, it was Democrats that... 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