Daily Headlines: Monday, April 8, 2013

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April 8, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Connecticut Bank Acquires InsurBanc; Insurance Agents' Bank Says Mission Remains Same InsurBanc -- a federal savings bank founded by the Independent Insurance Agents & Brokers of America and W.R. Berkley Corp. a dozen years ... Hurricane Center Learns Lesson from Sandy; Changes Warnings Responding to criticism after Superstorm Sandy, the National Hurricane Center says it will change the way it warns people about tropical ... Mortgage Lender Charged with Defrauding Government Insurer The United States last Thursday sued a New York mortgage company it said defrauded the federal government into insuring poor quality home ... Remembering 29 Miners Lost in West Virginia Blast 3 Years Ago As West Virginians marked the third anniversary of an explosion that killed 29 coal miners Friday, congressional Democrats called the lack ... Ex-Merrill Broker, Deutsche Bank to Pay Investor $11 Million U.S. securities arbitrators ordered a former employee of Merrill Lynch, Deutsche Bank and Oppenheimer & Co. to pay nearly $11 million to an ... Casualty Actuarial Society Names Fischer as Admissions Director The Casualty Actuarial Society (CAS) has named Richard Fischer as its new director of Admissions. Before joining CAS, Fischer worked in the ... Bolt, Aon Affinity to Offer New Online Small Commercial Program to NFIB Members BOLT Solutions, Inc. has entered into an agreement with Aon Affinity, the consumer, association and group program business of Aon plc to ... Insurance Journal's 'March Madness of Insurance Mascots' Tournament In Final Day The social media team at Insurance Journal has organized a playful competition to determine a champion of insurance mascots. The ... Best Affirms Baldwin & Lyons and Operating Subs Ratings; Outlook Stable A.M. Best Co. has affirmed the financial strength rating (FSR) of 'A+' (Superior) and issuer credit ratings (ICR) of "aa-" of Protective ... Ruling Against BP Clears Way for Appeal of Spill Payouts A U.S. judge's ruling Friday against BP Plc means the company can proceed with its appeal of the way a court-appointed administrator ... How Intermediaries Can Help Agents Create Long-Term Success Andrew Burger, managing member, founder and CEO of the new Alliance Intermediaries in Hartford Conn., says agents need to be thinking long... Powerful Predictions Blog: Finding the Best Prospects Large financial services firms like Morgan Stanley are focusing on predictive analytics to accelerate growth among... More National News East New Rules Announced for Homeowners Using Sandy Disaster Aid to Rebuild Homeowners and businesses using federal disaster aid to rebuild from Superstorm Sandy will have to take additional flood protection ... Closing N.Y.'s Reopened Case Fund May Leave Workers' Comp Insurers Under-Reserved An industry executive warned recently that a set of proposed changes in New York could leave workers' comp insurers under-reserved. Julia ... Arthur J. Gallagher & Co. Acquires Advanced Benefit Advisors in New Jersey Itasca, Ill.-based global insurance broker Arthur J. Gallagher & Co. announced the acquisition of Advanced Benefit Advisors Inc. of Cherry ... More East News Midwest MMIC Expands Roles for Lacke, Stafford and Woodward Minneapolis, Minn.-based medical liability insurer, MMIC, has announced expanded roles for John Woodward, Steve Lacke and Julie Stafford. ... A.M. Best Downgrades Madison Mutual Insurance Co. A.M. Best Co. announced it has downgraded the financial strength rating to B++ (Good) from A- (Excellent) and issuer credit rating to ... Former Missouri Agent Pleads Guilty to Insurance Fraud Charges A former St. Louis County insurance agent has pleaded guilty to 20 counts of fraud and theft charges, the Missouri Department of Insurance. ... Indiana City Aims to Protect Itself From Festival Suits A north-central Indiana city with a rich history tied to circuses is taking steps to protect itself from liability in any accidents that ... Tyson Agrees to $4M Penalty to Resolve EPA Case Tyson Foods Inc. will pay roughly $4 million in civil penalties to settle allegations related to eight accidental anhydrous ammonia ... Judge: Chicago Firm Can Sue Facebook over 'Timeline' Chicago-based social media company called Timelines Inc. can sue Facebook Inc. over allegations that it violated the smaller firm's ... More Midwest News Southeast Alabama Governor Says State Will Not Enforce Federal Health Law's Protections Alabama Gov. Robert Bentley has rejected another provision of the federal health care overhaul pushed by President Barack Obama, saying ... North Carolina Tax Reformers Seek Code in Keeping with New Economy Republican legislative leaders and Gov. Pat McCrory brimmed with optimism early this year about prospects for passing a North Carolina tax ... North Carolina's Strickland Insurance Acquires Virginia Transportation Underwriter Strickland Insurance Brokers of Goldsboro, North Carolina has acquired the assets of Palmyra, Virginia-based Tower Transportation ... More Southeast News South Central Armstrong Seeks Dismissal of Lawsuit Brought by Dallas-Based Insurer Lance Armstrong has asked a Texas court to dismiss a lawsuit by a Dallas promotions company seeking repayment of more than $12 million in ... Insurance Company Settlement Money to Bolster Louisiana's Budget Louisiana has received $95 million in legal settlements with insurance companies, ending questions about whether the money would roll in ... Insurance Agent Charged with Workers' Comp Fraud in Oklahoma A Norman, Okla., insurance agent has been charged with fraudulently obtaining workers' compensation insurance policies for roofing ... IIAT Launches New Texas Independent Insurance Adviser Designation The Independent Insurance Agents of Texas (IIAT) has launched the Texas Independent Insurance Adviser (TIIA) designation in personal and ... More South Central News West Search On For Missing Nevada Chief Insurance Examiner A Nevada Sheriff says he suspects foul play in the disappearance of the state's chief insurance examiner after evidence of a bloody, ... University Of Idaho Student Sues After Fraternity Fall A University of Idaho student who suffered injuries after falling at a fraternity has filed a lawsuit against a national fraternal ... Lab Results in DUI Cases In Arizona City Challenged The accuracy of blood-testing equipment used by Scottsdale, Ariz. police in drunken driving cases is being challenged. Hundreds of drunken ... Judge Approves $4M For Libby Asbestos Attorneys A state judge says lawyers for victims of asbestos exposure in a contaminated Montana town are entitled to more than $4 million in fees and ... SCM Heads to Downtown Los Angeles SullivanCurtisMonroe Insurance Services LLC will relocate this month to a 12,000-square-foot office space on the 10th floor of the tower at ... Jury: HMO Liable For $24M In Vegas Hep C Outbreak A Nevada jury says the state's largest health management organization is liable for $24 million in compensatory damages to three plaintiffs ... Taylor-Leavitt Insurance Names Munro in Montana Billings, Mont.-based Taylor-Leavitt hired Josh Munro as an account executive. With over a decade of experience in account management and ... More West News International Analysis: Deadly New Bird Flu Virus Vindicates Controversial Research Scientists in the Dutch city of Rotterdam know precisely what it takes for a bird flu virus to mutate into a potential human pandemic ... Aon, Manchester United Extend Sponsorship Pact for 8 Years Manchester United plc and Aon plc have announced what is described as an "innovative new business partnership." Their current tie-up, which ... Cooper Gay Swett & Crawford Acquires 100% of its Brokerage in Chile Cooper Gay Swett & Crawford Limited (CGSC), the global wholesale insurance and reinsurance broker, announced the acquisition of the ... Xchanging Begins Launch of Free-to-all Wi-Fi in City of London Xchanging, the business process, procurement and technology services provider and integrator, announced that it has begun the roll out of ... Ironshore International to Enter Japanese Market through its Lloyd's Syndicate Ironshore International, a subsidiary of Ironshore Inc., announced that its Lloyd's Pembroke Syndicate has been authorized by the Japanese ... More International News Insurance Journal Blogs It Helps to Have a Village I was recently asked to join the team for the latest product from Wells Media Group, a website and eNewsletter called Carrier Management. I ... More Blogs Join the Insurance Journal Network Insurance Journal TV Greenberg's View: Opening Global Markets, Shaping Foreign Relations Maurice "Hank" Greenberg helped build American International Group (AIG) by opening global... Watch Now Underwriting Financial Institutions: Challenges and Opportunities It's not easy to fully understand all the risks involved in underwriting financial... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums non compete clause Posted: Sun Apr 7 -- I just went through this personally and am nearing the last few months of my non-compete. My advice is to lay low until your non compete is... roxfan65 Insurance Noodle vs. Superior Access vs. Agent Secure Posted: Sat Apr 6 -- Thanks for your reply! That was really helpful! Hopefully others will share as well. Very interested to hear what combination of... jlfogle remote control aerial photography Posted: Thu Apr 4 -- Need GL in Florida that includes the use of remote controlled helicopter used for aerial photography haharem I.A. start up- cluster, alliance (siaa type) or go it alone? Posted: Thu Apr 4 -- Whenever you go into an arrangement make sure you understand the exit from the arrangement. The value of you agency is determine on your... jwns2864 Pole Barn W/Wind FL Posted: Thu Apr 4 -- Any markets for a pole barn in FL, zip 32168 with wind? I haven't found a company willing to offer wind coverage. Autumnle465 Go to Forums Reader Comments Relatives Sue Over University of Alabama Cheerleader Bus Crash Posted: Mon Apr 1 -- Center Point: they are naming the bus company because they have deeper pockets than just the owner of the car she was in. and that's the way... bob Obamacare to Hike Some, Lower Other Individual Health Premiums: Sebelius Posted: Wed Apr 3 -- PM, those of us who were paying attention could see where this guy was coming from in the first few months of his campaign. When he told Joe... Agent North Carolina Bill Would End Motorcycle Helmet Mandate for Adults Posted: Mon Apr 1 -- I don't ride anymore but I did like riding without a helmet. But on the two occassions where a driver who either didn't see me or just... Stush Southern States Still Opposed to Obamacare Posted: Mon Apr 1 -- "Yet for now, governors' rejection of Medicaid expansion will leave large swaths of Americans without coverage because they make too much... Fred Pilot http://pilothealthstrategies.com/ How Obamacare Could Affect P/C Insurance Posted: Mon Apr 1 -- Normct, The system is due to evolve into what Great Britain already is doing with their "Pathway to Death" for seniors. They robbed Medicare... 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