Daily Headlines: Tuesday, April 16, 2013

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April 16, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National SEC Regulator Urges Ban on Mandatory Arbitration Agreements by Investment Firms A top U.S. securities regulator on Tuesday urged the government to consider adopting new rules that would prohibit or restrict brokerages ... Securities Lawsuits Declined 10% in 2012; Future Trend Unclear: PwC Federal securities class action filings in 2012 decreased by about 10 percent from 2011. There were 172 cases in 2012, compared to 191 ... Do Boeing's 787 Battery Woes Hold Lessons for Other Vehicles? U .S. regulators are discussing whether the batteries that burned on Boeing Co.'s 787 Dreamliner hold any lessons for other aircraft or ... FDA Finds Safety Issues at Specialty Pharmacies The Food and Drug Administration says it has uncovered potential safety problems at 30 specialty pharmacies that were inspected in the wake ... FBI Calls Boston Marathon Bombings 'Potential' Terrorist Act The FBI said the investigation of the explosions at the finish line of the Boston Marathon is a "criminal investigation that is a potential ... Update: 3 Dead, Many Injured in Explosions at Boston Marathon; III's Hartwig Safe at Scene The death toll in the bombings at the Boston Marathon has risen to three. More than 100 people are being treated at area hospitals for ... Driver Fatigue Causes 20% of Auto Crashes: Study A 100-car "naturalistic" driving study conducted by the Virginia Tech Transportation Institute says that fatigue is a cause of 20 percent ... 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... Changing Reinsurance Market Conditions Favor Mutual Insurers: Willis Re Mutual insurers are in a prime position to capitalize on changes in the traditional reinsurance market, according to... More National News East 6 Vermont Firms Lauded for Workplace Safety Six Vermont companies are being honored for their efforts to promote workplace safety. The Governor's Award for Outstanding Workplace ... Maryland Dog Bite Liability Measure Fails in House Lawmakers on the final day of the Maryland General Assembly failed to pass a measure that would change a court ruling that designated pit ... Firefighters Insurance is Taxing Municipalities in Pennsylvania Firefighters have a dangerous job. They run into burning buildings in the midst of panic and chaos, wade through thick smoke in search of ... Q&A: A Look at Flood Maps and What They Mean in New Jersey Earlier in April, the federal government announced that it would not give grants to repair homes badly damaged by Superstorm Sandy unless ... More East News Midwest Missouri Grocery Chain: 2.4 Million Credit, Debit Cards at Risk Up to 2.4 million credit cards and debit cards used by customers at Schnucks grocery stores in four states may have been compromised over a ... James Named President of Kemper Preferred Chicago-based Kemper Corp. announced that Andrea James has been named president, Kemper Preferred, the business focused on selling packaged ... Michigan Tells Auto Dealer to Stop Selling Insurance Michigan's Department of Insurance and Financial Services (DIFS) has ordered a Detroit-area auto dealer to stop selling insurance without a ... More Midwest News Southeast Tennessee Valley Authority Manager Jailed for Not Reporting Injuries A Louisiana man will spend time in prison for lying about worker injuries at Tennessee Valley Authority nuclear facilities, allowing his ... West Virginia Supreme Court Fills Business Court Vacancy Circuit Court Judge Thomas Evans III has been appointed to the West Virginia court system's Business Court Division. The West Virginia ... More Southeast News South Central Louisiana Katrina/ Rita Class Action Flood Settlement Process Revised A previous version of the more than $20 million settlement proposed in 2008 in a class action suit over flooding in Louisiana stemming from ... Oklahoma Bill Limiting Liability for Agritourism Businesses Signed into Law A measure protecting limiting the liability for agritourism operators in Oklahoma has been signed into law by Gov. Mary Fallin, according ... Louisiana Lawmakers Seek Better Oversight of Salt Mines Lawmakers in Lousiana are looking to prevent a repeat of the massive Assumption Parish sinkhole that officials say was caused by a ... More South Central News West Space Mountain in California Closed As Disney Reviews Employee Safety Three rides at Disneyland, including the famous Space Mountain roller coaster, were temporarily closed over the weekend as the company ... Colorado Jury Finds Helmet Maker Riddell Negligent A Colorado jury in a lawsuit brought by the family of a severely injured high school football player has found that helmet maker Riddell ... NFP Names Gleason Vice President in Arizona NFP Property & Casualty Services Inc. named Pat Gleason commercial lines vice president in Mesa, Ariz. Gleason has 30 years of experience ... Chevron Slapped With Violation Notice Over Utah Spill State regulators have slapped Chevron with a violation notice over a March fuel spill near a northern Utah bird refuge. The Utah Division ... Drought Poses Challenges New Mexico Chile Growers The worst-ever Rio Grande drought is posing plenty of challenges this season for chile growers in New Mexico. The Las Cruces Sun-News ... Wholesale Trading Co-Op Names Smith Director in Northern California Wholesale Trading Co-Op Insurance Services LLC in Northern California named wholesale brokerage industry veteran Sheryl Smith as the firm's ... Lam Named to RT Workers' Comp Division in Northern California R-T Specialty LLC named Gloria Lam to the its workers' compensation specialty division. Lam joins April 23 as a senior vice iresident in ... More West News International 'Sandy' Officially Retired from List of Atlantic Storm Names "Sandy has been retired from the official list of Atlantic Basin tropical cyclone names by the World Meteorological Organization's ... Climate Scientists Struggle to Explain Warming Slowdown Scientists are struggling to explain a slowdown in climate change that has exposed gaps in their understanding and defies a rise in global ... Willis Energy Report: 'Hardening' of 'Downstream' Market; 'Upstream Positive' Recent natural catastrophe losses, including last year's Hurricane Sandy, have prompted "a mild hardening in the Downstream Energy ... CCRIF in Pact with Jamaica Government for $100,000 Sandy Disaster Relief On Friday April 12, 2013 the Government of Jamaica and the Caribbean Catastrophe Risk Insurance Facility (CCRIF) signed a Memorandum of ... Chubb Europe Makes Management Changes; Marcello for Financial Lines Chubb Insurance Company of Europe announced two appointments in its financial lines business. Julie Marcello has been named to the role of ... Ratings Recap: Lloyd's Syndicate 958, Custodian and Allied A.M. Best Europe - Rating Services Ltd. has affirmed the financial strength rating of 'A' (Excellent) and issuer credit rating of "a+" of ... 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 Paperless Environment Posted: Tue Apr 16 -- Definitely going paperless is the way to go. It's not just saving money on paper and toner. It's much more than that. It has to do with... paperlessofficeguy 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 Insurance Noodle vs. Superior Access vs. Agent Secure Posted: Mon Apr 15 -- ok- I'm trying to keep up here- But are you saying you don't actually quote with the companies themselves? That you use a 'go-between'? mdagent Non compete lawsuit Posted: Mon Apr 15 -- Shadow, Not sure it you've seen an attorney or not yet, but you need to do so ASAP if your husband is planning on staying in the business.... sacman Direct Mail VS Paid Leads Posted: Sat Apr 13 -- 'd' is correct! Don't waste your money! NOTHING works, except REFERRALS! If you have COMPETITIVE companies, solicite your own clients for... ziiqui Go to Forums Reader Comments University Of Idaho Student Sues After Fraternity Fall Posted: Tue Apr 9 -- This is the second lawsuit in about five years concerning an imbibing female student allegedly falling out of a fraternity window at the... Fair Playing Field President Obama Proposes Cuts in Crop Insurance Subsidy, Insurer Costs Posted: Fri Apr 12 -- You are right, but I would add there are substantial subsidies given to farmers for many years to not grow crops. Add the subsidy to the... Agent UN Report Finds World Climate Change Goal at Risk as Emissions Surge Posted: Mon Apr 15 -- I will most likely be regarded as a "sceptic" with my following commentary however, believe that I am actually a "realist", so here we go.... Jeff Smith 2013 Hurricane Prediction: 72% Chance on East Coast; 48% for Florida Posted: Thu Apr 11 -- Hopefully the similarity to 2004 ends with the YTD comparison. Here in Florida, we dealt with storms all throughout that season. Wildcat Attorney Behind $43M Award for Ohio Agent Against Nationwide Insurance to File Class Action Posted: Thu Apr 11 -- Has anyone heard an update on Nationwide's appeal or the class action? I know the judge lowered the payout to 33 million after the first... 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