Daily Headlines: Thursday, April 11, 2013

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April 11, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National As Gun Sales Soar, Insurance Sales Follow Suit Proposed federal and state gun legislation is having an unintended effect on growth in the gun insurance market across the country. Experts ... Protective Life to Buy AXA's U.S. Life Insurance Unit for $1.06 Billion Protective Life Corp said it will buy Mony Life Insurance Company from parent AXA SA for $1.06 billion to access its portfolio of life ... Liberty Mutual's CEO Long Elected Chairman as Kelly Retires Boston-headquartered insurance giant Liberty Mutual Insurance said its board of directors elected CEO David Long, 52, as chairman of ... Interest in Personal Gun Liability Insurance Protection Increasing Interest in personal liability insurance for firearms owners has expanded with the media focus on gun-centric events and the public ... Judge Approves $115 Million AIG Shareholder Settlement A federal judge on Wednesday approved a $115 million settlement between American International Group Inc. shareholders and former CEO ... What to Expect in Commercial Insurance Prices for Remainder of 2013: Willis Commercial insurance buyers in all product lines should see rates rise moderately through the remainder of 2013, although commercial ... 2013 Hurricane Prediction: 72% Chance on East Coast; 48% for Florida The Colorado State University team is predicting an above-average 2013 Atlantic basin hurricane season with 18 named storms and a 72 ... Commentary: Will HUD's Disparate Impact Rule Have Say in Ratemaking? Despite the McCarran-Ferguson Act, which reserved the regulation of the "business of insurance" to the states, the Department of Housing ... Top 10 Hot New Markets Insurance Journal examined industries experiencing changes and expansions during the past year. Here are the top 10 market sectors that... How Much Time Should CEOs Spend On Talent Management? Talent is the biggest differentiating factor in the insurance industry and insurance CEOs should devote more of their... More National News East FEMA Has Most New Jersey Flood Insurance Claims Settled The Federal Emergency Management Agency says it has settled 96 percent of the post-Superstorm Sandy National Flood Insurance Program claims ... Legal Dispute Continues Between Eli Lilly's Insurer and Security Firm A security company being sued over the theft of $60 million worth of pharmaceuticals from an Eli Lilly and Co. warehouse in Connecticut in ... Virginia Farm Bureau Ratings Downgraded by A.M. Best A.M. Best Co. said Wednesday it has downgraded the financial strength rating of Virginia Farm Bureau Mutual Insurance ... Cuomo: Workers' Comp Reform to Bring $800M Savings to N.Y. Employers New York Gov. Andrew Cuomo said this week that employers in the state are poised to save some $800 million annually, thanks to reforms in ... More East News Midwest South Dakota Firm Barred From Insurance Price-Negotiating A company run by a South Dakota state lawmaker that negotiates contracts between chiropractors and insurance companies has agreed to ... Jackson Joins IMA as Director of IMA Global Risk Privately owned retail insurance broker, IMA Inc., announced that Sean Jackson has joined the company as leader of its newly created IMA ... Iowa Hospital Close to Finalizing $2M Bias Lawsuit A Waterloo, Iowa, hospital is close to finalizing a $2 million class-action lawsuit that compensates African-Americans who say they were ... Experts: 1953 Indiana Tornado Damage Would Be Worse Today A deadly tornado that swept through east central Indiana 60 years ago could cause much more destruction if it swept through today because ... More Midwest News Southeast Calls for Repeal of Florida PIP Turn Silent; Next Step Uncertain A Florida Senate bill aimed at eliminating the state's no-fault personal injury protection (PIP) auto insurance was met with awkward ... Alabama Museum Exhibit Recalls 2011 Tornadoes An oral history of the tornadoes that devastated Tuscaloosa and the surrounding area on April 27, 2011, will be exhibited later this month ... Keystone Adds Hunt-Miller Agency as Member in Georgia Hunt-Miller Insurance Agency of Warner Robins, Georgia,  has become Keystone Insurers Group's newest franchise partner in the state. The ... More Southeast News South Central Oklahoma Panel Advances Workers' Comp Overhaul By a party-line vote, an Oklahoma House committee approved the latest version of a plan to overhaul the state's workers' compensation ... Kasitz Named Interim President of Hallmark's Personal Segment Fort Worth, Texas-based insurance holding company, Hallmark Financial Services Inc., announced that Kevin Kasitz will serve as interim ... Oklahoma's Dental Law Lacking Enforcement Clout Oklahoma's Dental Act was intended to ensure patient safety, but limited funding for regulators, a small staff and a state prohibition ... More South Central News West Nevada Jury Orders HMO To Pay $500M In Hepatitis Case A Nevada jury has ordered the state's largest health management organization to pay $500 million in punitive damages to three plaintiffs in ... Washington State Lawmakers Consider Tougher DUI Laws Lawmakers are considering tightening up the state's laws against driving under the influence after two recent cases that left three dead ... Montana Counties Say DES Requirements Overly Burdensome The troubled agency responsible for preparing Montana for emergencies has been beset by lawsuits by former employees, claims of a ... Former Livermore Lab Workers Sue A jury is hearing from former Lawrence Livermore National Laboratory workers in Northern California who say they were unfairly targeted due ... EPIC Names Kyle Senior Account Manager in Southern California Edgewood Partners Insurance Center named Kelly Kyle as a senior account manager in its Los Angeles, Calif. office. Kyle's ... More West News International WTO Cuts 2013 Trade Forecast; Sees Protectionist Threat The World Trade Organization slashed its forecast for trade growth in 2013 on Wednesday, saying it feared protectionism was on the ... Japan Carmakers Recall 3.4 Million Vehicles for Takata Airbag Flaw Four Japanese automakers including Toyota Motor Corp and Nissan Motor Co are recalling 3.4 million vehicles sold around the world because ... U.S. Chamber Joins Partners to Support Transatlantic Trade Agreement The U.S. Chamber of Commerce said it has "joined with its partners in the Business Coalition for Transatlantic Trade (BCTT) and leaders in ... Baltazar to Head New BrokersLink Global Employee Benefits Group Independent insurance broker network BrokersLink has launched a Global Employee Benefits Practice Group and appointed Gerard Baltazar as ... Joint Bonds Needed to Save the Euro Says George Soros All euro zone governments need to issue bonds jointly to ensure that the common currency survives the sovereign debt crisis, investor ... Allied World Appoints Doran Sr. VP Investor Relations and Treasurer Allied World Assurance Company Holdings, AG announced from its headquarters in Switzerland that Sarah Doran has been appointed Senior Vice ... Ratings Recap: Milli Re, NAGICO/NICL A.M. Best Europe - Rating Services Limited has removed from under review with negative implications the financial strength rating of 'B+' ... More International News 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 Pole Barn W/Wind FL Posted: Tue Apr 9 -- Private Property or Commercial use? Michmmosh 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 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 Go to Forums Reader Comments Gun Liability Insurance Bills Aren't the Answer, Says Insurance Industry Posted: Wed Apr 10 -- besides my normal amazement at the ignorance of most people about firearms, now I am amazed by the accompanying vote (see sidebar) about... bob Hurricane Center Learns Lesson from Sandy; Changes Warnings Posted: Mon Apr 8 -- Didn't the storm, storm surge, et al come together as predicted? It was forecast for days ahead, no one should have been caught off guard.... insurance mom Health Insurance Subsidy Could Bring Tax Sting Posted: Fri Apr 5 -- And what do you bet that the "Navigators" jobs will be outsourced to India or Pakistan? wvagt Insurer Analyzes Top 10 Driving Distractions Involved in Fatal Car Crashes Posted: Fri Apr 5 -- I think we should definitely outlaw daydreaming, lol. Don Oklahoma Panel OKs Bill Punishing Uninsured Drivers Posted: Fri Apr 5 -- "If you're not participating in the system that you're required to by law, then you shouldn't benefit from it." Nuff' said. 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