Monday, April 8, 2013

Daily Headlines: Monday, April 8, 2013

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Insurance Journal Daily Headlines
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 ...

From MyNewMarkets.com 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...
Carrier Management

Powerful Predictions Blog: Finding the Best Prospects

Large financial services firms like Morgan Stanley are focusing on predictive analytics to accelerate growth among...
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 ...
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 ...
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 ...
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 ...
Sponsored by: Centauri Insurance. Residential Property Insurance. We may not be the biggest, but we think we're the brightest. Click here for more information.
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 ...
Sponsored by: City of Hope. Watch the 2013 NCAA National Championship Game at Hoops for Hope. Mon., April 8. Proceeds benefit City of Hope. Click here for more information.
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 ...
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 ...

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Greenberg's View: Opening Global Markets, Shaping Foreign Relations

Maurice "Hank" Greenberg helped build American International Group (AIG) by opening global...
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Underwriting Financial Institutions: Challenges and Opportunities

It's not easy to fully understand all the risks involved in underwriting financial...

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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

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... Agent

Current Issue

April 8, 2013
Current Issue
Big "I" Issue (with Young Agents Survey); Medical Professional Liability; Alcohol & Drug Rehab; Bonus: Education & Training Directory

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