Daily Headlines: Monday, April 29, 2013

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April 29, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Boston Tragedy Is Latest Challenge for Victim Compensation Chief Feinberg His work has immersed him in events that read like a roster of recent catastrophes, from 9/11 to the Gulf oil spill. Now, Kenneth Feinberg ... 'Business As Usual' Following Departures of AIG Execs American International Group (AIG) has no intention of changing its excess and surplus lines business following the departure of four of ... Link Between Agency Operations and Profitability: Do Agency Owners, Employees Agree? Agency and brokerage principals and CSRs and all other employees: You are invited to participate in a unique Agency Operations & Profit ... Most-Used Excuses for Getting Out of Traffic Tickets: Survey Plead ignorance. That's the most-used excuse when drivers are pulled over for a traffic violation, according to Insurance.com's new ... Hartford Steam Boiler Launches Cyber Attack Protection for Small Businesses The Hartford Steam Boiler Inspection and Insurance Co. (HSB), part of Munich Re, has launched HSB CyberOne, a new cyber risk insurance ... Moody's, S&P Settle Negligence Lawsuits Over Debt Vehicle Ratings Moody's Investors Service and Standard & Poor's on Friday said they have settled two long-running lawsuits seeking to hold them responsible ... 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... Actuaries Regain Best Job Title Actuaries are back on the top of an annual ranking of best jobs, retaking the crown from software engineers, who held... More National News East New York City Sues BP for Pension Losses Over 2010 Gulf Oil Spill New York City said on Friday it sued BP Plc for more than $39 million of losses it claims beneficiaries of the city's pension funds ... Sandy Lesson for Business Owners: Read Policy, Keep Track of Notice Provisions It's been six months since Superstorm Sandy made its landfall on the coast of New Jersey and became one of the costliest storms ever ... Mass. FAIR Plan Seeks Rate Hike; Expert Witnesses to Testify on Insurer's Behalf The Massachusetts FAIR (Fair Access to Insurance Requirements) Plan, the state's home insurer of last resort, has proposed this month an ... Report: 32 Massachusetts Workers Died on the Job in 2012 Labor and worker rights activists are honoring 32 workers who died on the job last year. The Massachusetts AFL-CIO and the Massachusetts ... Family of Vermont Trooper Killed in 2003 Gets $4.5M From State's Insurer The family of a Vermont State Police trooper killed while trying to stop a fleeing suspect a decade ago has received a $4.5 million ... More East News Midwest Red River Crests Lower than Expected in North Dakota Fargo, N.D., officials made one last call for sandbaggers on April 27 to help residents in a southwest Fargo neighborhood that's a mile ... Rules for Health 'Navigators' Head to Ohio Governor A bill to require training and certification for a new group of professionals who will be available to guide consumers through the new ... Insurance Cards Could Go Digital Under Missouri Bill The smartphone era could spare Missouri motorists from digging through their glove boxes for their insurance cards when they're stopped by ... J.M. Wilson Adds Assistant Transportation Underwriter in Illinois Managing general agency, J.M. Wilson, has added Cherlyn Mims to its transportation team as assistant transportation underwriter in the ... More Midwest News Southeast Insurer CEO Commentary: Why Florida Is Missing Out on PIP Savings Florida legislators, drivers, and reporters want to know when the savings are coming from the Personal Injury Protection (PIP) reform law ... North Carolina Getting $211M from Cigarette Lawsuit Settlement North Carolina's annual share of payments from top cigarette companies paying for smoking-related health care costs is $211 million. North ... State of Emergency in 12 Kentucky Counties Due to April Storms Kentucky Gov. Steve Beshear has declared a state of emergency for 12 Kentucky counties where severe storms caused widespread damage this ... More Southeast News South Central Lawsuits from Texas Fertilizer Plant Blast now Total 6 The deadly Central Texas fertilizer facility explosion has now spawned six lawsuits, including one from the family of a volunteer ... Arkansas, Oklahoma: No Plans to Move State Workers to Health Exchanges As lawmakers in the state of Washington consider moving some part-time government workers out of a state-sponsored health plan and into an ... Arkansas Joining Interstate Insurance Regulation Compact Arkansas Governor Mike Beebe has signed SB1170, enacting the Interstate Insurance Product Regulation Compact (Compact). The bill was ... More South Central News West Ascension Names Ratto Senior Consultant in Northern California Ascension Benefits & Insurance named Steven Ratto senior consultant in the company's Walnut Creek, Calif. office. Ratto will be responsible ... Fired Oregon Officer Sues: Alcoholism Was A Disability A police officer fired for driving drunk in an unmarked police car while off-duty has filed a $6 million lawsuit against the city of ... Nevada Capitol Police Chief Sues Over Firing Former Nevada Capitol Police Chief Tom Navin is suing the Nevada Department of Public Safety, claiming he was wrongfully terminated for ... First Confirmed Japanese Tsunami Debris in California A barnacle-covered fishing boat that washed ashore this month in Crescent City, California, has been confirmed as the first debris from the ... Rock Slides To Blame For Death Of California Workers Officials say rock slides are to blame for the deaths of two California Department of Transportation workers who were removing loose rocks ... Fireman's Fund Chief Tackles Sesquicentennial, Market Choosing a historic icon that stood after San Francisco's Great Earthquake and massive fire more than 100 years ago was a deft, almost ... More West News International To Tax or Not to Tax - 'Foreign' Reinsurance' Tax Proposals on the Agenda Again "Roundup the usual suspects;" here we go again. No, it's not an unsolved murder in wartime Casablanca, simply the latest skirmish in the ... Arc Legal Increases Share of UK Yacht Coverage Arc Legal Assistance announced that it has "secured a series of new deals with specialist boat insurance brokers to provide Marine Legal ... AXIS Capital Posts $303 Million Q1 Net Income; $227 Million Operating Bermuda-based AXIS Capital Holdings Limited reported net income available to common shareholders for the first quarter of 2013 of $303 ... Montpelier Re $91.9 Million Q1 2013 Net Income; Operating Income $66 Million Bermuda-based Montpelier Re Holdings Ltd. reported comprehensive net income for the first quarter ended March 31, 2013 of $91.9 million, ... More International News Join the Insurance Journal Network Insurance Journal TV Greenberg's View: Finite Reinsurance The cornerstone of former New York Attorney General Eliot Spitzer's campaign against AIG and... Watch Now Evolution of D&O Products D&O products have gone through a lot of changes lately. CNA Pro Claim's Todd Greeley sat down... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Agency Management System Posted: Fri Apr 26 -- I agree. I tried Googling Quikfuzion and could barely find a thing much less a website. aem84 Non Standard Farm/Ranch account Posted: Wed Apr 24 -- What are the codes and the premium? I just quoted a restoration company with similar issues and a 2.37 x-mod with a PEO. What should have... Chad Filley Insurance Noodle vs. Superior Access vs. Agent Secure Posted: Mon Apr 22 -- mdagent, Superior Access and Consolidated are General Agents that submit your information to the respective companies for a quote. Then,... ziiqui Pole Barn W/Wind FL Posted: Wed Apr 17 -- Private property Autumnle465 Paperless Environment Posted: Tue Apr 16 -- I completely agree with Island Girl. We started going paperless 6 years ago. The first year was a royal pain with the initial scanning but... justthere Business Loss - Travel Insurance Posted: Tue Apr 16 -- This is true. However, most people do not realize that major credit card companies also provide insurance for lost or damaged goods while... chad37 TX - Workers Comp - Contractor Posted: Tue Apr 16 -- Have you considered a Professional Employer Organization (PEO)? SOI has locations in Dallas, Houston, Austin and San Antonio as well... DOrgant What is your biggest pain as an agent? Posted: Mon Apr 15 -- 1) Billing questions, non payment cancelations, reinstatement request of bad pay clients. 2) Binder requests... yoyowordup Go to Forums Reader Comments U.S. Expected to Seek Limits on Car Touchscreens Posted: Thu Apr 25 -- I think cars should be updated with a version of Apple's Siri or similar software with voice recognition. That way, when I get road rage and... reality bites Oklahoma House Kills Texting and Driving Ban Again Posted: Thu Apr 25 -- What part of dangerous driving activity do these pinhead house members not understand? The cell addicts are pretty powerful in Texas as... Agent Travelers Q1 Profit Up 11% to $896M; CEO Says 'We Will Keep Going' on Rate Hikes Posted: Thu Apr 25 -- The 1 "dislike" to this post must be from a Travelers employee - obviously. MeIsEinstein 2 Judges Consider State Farm Rates in Texas Posted: Fri Apr 26 -- As I recall, State Farm had a lot of litigation some years ago when they failed to roll back rates after the mold crisis when the other... Agent West Explosion Insured Losses Hit $100M Posted: Wed Apr 24 -- Why were so many homes, schools and businesses allowed to be built so close to the fertilizer plant? Why was zoning not taken into... 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