Daily Headlines: Thursday, April 25, 2013

Contact us | Subscribe | Send to a Friend

April 25, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Defining Terrorism for Policies Not a Simple Task After Boston Tragedy There are a number of issues involved in determining whether the Boston bombings tragedy would be considered a terrorist act for insurance ... U.S. Expected to Seek Limits on Car Touchscreens U.S. traffic safety regulators are expected to propose stronger measures to keep drivers from being distracted by in-car touchscreens. ... Most Americans Say Flood Insurance is Important But Don't Buy It: Survey More than four in five Americans (81 percent) know that a standard homeowner's insurance policy doesn't cover flood damage, but even so the ... Remember E&O When Buying or Selling an Agency: Pearsall While the industry seemed to see a spike in mergers and acquisitions activity in 2012 due to some tax implications, many are projecting ... New + Old = Workforce Success: Commentary For the first time in history, American companies now have five generations of employees in the workforce: the silent generation (born ... The Hartford Appoints Chief Claims Officer The Hartford recently named John Kinney as the company's chief claims officer and also as president of Heritage Holdings, a unit which ... Global Trade Market Uncertainties Increasing Demand for Trade Credit Insurance Trade credit insurance is not a new concept, says Kerstin Braun, executive vice president of trade credit insurer, Coface. But the recent... The Trademark Problem: Casualty Insurance's Dirty Little Secret It has always been surprising to me that trademark issues receive so little attention in the insurance community. It's... More National News East Pennsylvania Workers' Comp Medical Payments Per Claim Slowed in 2010 Growth in payments per claim for the medical care of injured workers under Pennsylvania's workers' compensation system slowed in 2010, ... Eminent Domain May Be Used in Mantoloking, N.J., for Beach Replenishment Having gotten only so far with "friendly persuasion," the Jersey shore community that was hardest hit by Superstorm Sandy is ready to take ... Connecticut Panel Poised to Fund Superstorm Repairs The Connecticut State Bond Commission is expected to approve funding for repairs and improvements to Connecticut recreation and maintenance ... More East News Midwest Ohio Justices: Doctor's Apology not Evidence of Malpractice Sympathetic statements by a doctor over a patient's unexpected medical outcome can't be admitted as evidence in medical malpractice cases ... Cautious Relief in Peoria, Illinois as Water Levels Fall Floodwaters began a slow, inch-by-inch retreat on April 24 in inundated Peoria, Ill., offering hope to residents who watched helplessly as ... South Dakota Court Asked for Class Action in Mortgage Insurance Lawsuit A lawsuit alleging a Rapid City credit union and an insurance company improperly raised the rates for insurance that makes loan payments if ... Kaufman Elected CEO of The Motorists Insurance Group The board of Columbus, Ohio-based The Motorists Mutual Insurance Co. has voted unanimously to select David L. Kaufman as CEO of Motorists ... Big 'I' Honors Illinois Agent for Work on Crop Insurance An Illinois agent has received an award from the Independent Insurance Agents and Brokers of America (IIABA or Big 'I') for his work on ... More Midwest News Southeast Allianz Vows to Fight Florida Regulators' Charges in Magnolia Case Allianz Risk Transfer (ART NY) has vowed to strongly repudiate charges levied by Florida regulators that it contributed to the collapse of ... Georgia Governor Signs Youth Concussion, Boat Safety Bills Georgia joined dozens of other states on Tuesday with a law aimed at educating parents and coaches about the risks of youth concussions and ... North Carolina Senate Bill Aims to End Local Building Design Standards Some North Carolina lawmakers are pushing legislation that forbids local governments from adopting their own building design standards in ... More Southeast News South Central Oklahoma Workers' Comp Reform Legislation Advances Legislation that would reform Oklahoma's workers' compensation system has passed the House and Oklahoma Insurance Commissioner John D. Doak ... Oklahoma House Kills Texting and Driving Ban Again An Oklahoma legislator has vowed to keep pushing for a ban on texting while driving after the House scuttled the proposal for the third ... U.S. Justice Department Says Armstrong Was 'Unjustly Enriched' The federal government is going after Lance Armstrong's money. As much as it can get. The Justice Department unveiled its formal complaint ... More South Central News West Transgender Driver's Licenses for Idaho The Idaho Transportation Department this week agreed to new regulations allowing transgender drivers to change the sex designation on their ... Nevada Quake Lab Has New $4M Research Project The University of Nevada's world-renowned earthquake laboratory has launched a nearly $4 million research project aimed at making ... Report: LA Tops List Of Cities With Worst Traffic Los Angeles has the worst traffic in the nation, according to a new report. The Los Angeles Times reported LA beat out Honolulu for jam ... Butler-Leavitt Insurance Taps Mangum in Arizona Cottonwood, Ariz.-based Butler-Leavitt Insurance Agency has tapped Rick Mangum for its operations. Mangum will focus on providing property ... RIMS Wraps Up In Los Angeles, CRO Pay on Rise It appears the chief risk faced by those in charge of risk programs are sky high taxes. According to a survey by the Risk and Insurance ... Baseball Legend La Russa to Headline IICF Event In California Major League Baseball great Tony La Russa will speak at the the Insurance Industry Charitable Foundation's 20th annual benefit dinner on ... More West News International UPDATE: Many Trapped in Bangladesh Building; Death Toll Climbs to 175 At least 175 mainly women workers were killed in a Bangladesh building collapse and rescuers searching for survivors said on Thursday that ... UK MGAA Members Write over $3.85 Billion in Gross Premiums New members joining the UK Managing General Agents' Association (MGAA) since the beginning of 2013 have increased the total combined gross ... Everest Re Reports $384.3 Million Q1 Net Income; 31% Growth in Operating EPS The Bermuda-based Everest Re Group, Ltd. reported net income of $384.3 million, or $7.50 per diluted common share, for the first quarter of ... Allied World Reports $159 Million Q1 Net Income Swiss-based Allied World Assurance Company Holdings, AG reported net income of $159.0 million, or $4.49 per diluted share, for the first ... Ratings Recap: PaCRe, Barbados, Cotswold, Orient, Kuwait Re A.M. Best Co. has affirmed the financial strength rating of 'A-' (Excellent) and issuer credit ratings of "a-" of Bermuda-based PaCRe Ltd., ... More International News Insurance Journal Blogs Recruit Better Producers with One Tactic - Technology This post is part of a series on insurance marketing and training sponsored by Astonish. No matter what role you have at your agency, you ... More Blogs 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 Need P&C coverage for a trampoline park in Arkansas Posted: Wed Apr 24 -- Anyone know who writes this coverage and who to contact? Sundance 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 Agency Management System Posted: Mon Apr 15 -- If you click on the specific company at agencyuserreviews.com it shows you how many customers reviewed the software and their comments.... yoyowordup Go to Forums Reader Comments Deal OK'd in Muslims' False Advertisement Suit Against McDonald's Posted: Fri Apr 19 -- They shouldh't have to eat at home. Just open their own style restaurant and quit going to McDonalds. Nothing difficult about it. They should be able to eat out Senate Democrat Criticizes Healthcare Law Education; Sebelius Cites Lack of Funding Posted: Mon Apr 22 -- Rebecca, What makes you think this is now "Affordable" healthcare? Simply the name? By your comment, you seem to think that people will be... TxLady Woody Allen v. William Faulkner: Fair Use? Posted: Fri Apr 19 -- Heirs - get over yourselves. There's more going on in the world than your groveling over a quote. usa24 Travelers Q1 Profit Up 11% to $896M; CEO Says 'We Will Keep Going' on Rate Hikes Posted: Wed Apr 24 -- I guess the theory is to write fewer accounts at a higher premium of those who are willing to pay it. My Travelers book has gone down 25% in... Agent Boston Marathon Bombings Suspect Identified: Reports Posted: Thu Apr 18 -- Had a hot tip from our Boston office. It was Dennis Rodman, who became a real life Manchurian Candidate during his recent visit with Kim... reality bites Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue April 22, 2013 Top 50 Apps for Insurance Agents; Entertainment, Sports & Special Events; Directors & Officers Liability More Newsletters Choose Newsletters Daily Headlines Weekly Reader Picks Magazine Update Insurance Journal TV Classifieds Breaking News MyNewMarkets Daily Claims Daily Enter Your E-mail Market Directories Excess & Surplus Markets Programs Workers' Comp Markets New Insurance Jobs NAPEO - Director State Government Affairs VP Claims Producer - Wholesale Agency Commercial Lines Production Underwriter Have a job opening? List it on our Web site. How to Advertise For information about advertising on this newsletter and Insurance Journal magazines, contact Julie Tinney at (800) 897-9965 x148. View our Media Kit for advertising options in our magazines and online properties. Subscribe | Unsubscribe | Send to a Friend | Contact Us Insurance Journal 3570 Camino del Rio North, Suite 200 San Diego, CA 92108 (800) 897-9965 Copyright © 2013 by Wells Media Group, Inc.