Daily Headlines: Tuesday, April 9, 2013

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April 9, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National New Workers' Compenstion Formula Lowers Premiums for Most Employers A reworking of a key piece of the workers' compensation rating formula isn't changing rates overall but is changing premiums for most ... Citigroup Seeks Compensation from Nasdaq for Facebook IPO: Report Citigroup has filed a claim with Nasdaq OMX Group to potentially receive compensation for losses associated with Facebook Inc.'s ... Bond Insurer's Settlement with IRS Puts It on Track to Emerge from Bankruptcy Ambac Financial Group Inc. on Monday said it has reached a $101.9 million settlement of a dispute with the Internal Revenue Service, a key ... AIG Launches New Distribution Channel for Space-Related Risks American International Group, Inc. (AIG) has appointed Castor Aerospace LLC as its new program administrator for space-related risks. This ... AIG Asks Court to Dismiss Part of Greenberg Suit over Bailout Insurer American International Group Inc. has asked a court to block Maurice "Hank" Greenberg's efforts to sue the U.S. government on AIG's ... 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... Study Shines Light On Link Between Customer Experience, Stock Performance Companies that deliver a great customer experience are rewarded - by Main Street and Wall Street. That's the conclusion... More National News East Lawsky Urges Fellow Regulators to Reform Force-Placed Insurance Market New York Financial Services Superintendent Benjamin Lawsky, whose department reached a settlement with the country's largest "force-placed" ... Strickland Acquires Va.-Based MGA Tower Transportation Underwriters Strickland Insurance Brokers Inc., a wholly owned subsidiary of Goldsboro, N.C.-based Strickland Insurance Group Inc., announced it has ... Connecticut Shoreline Avoids Zoning Changes After Storms After hundreds of homes were damaged or destroyed by storms raking Connecticut's shoreline, a state task force recommended that local ... Rhode Island Agency Carey, Richmond & Viking Appoints 2 Account Executives Carey, Richmond & Viking Insurance, an independent property/casualty insurance agency with offices in Rhode Island and Massachusetts, ... More East News Midwest Wisconsin Lawmaker Defends Change to Asbestos Lawsuit Rules Asbestos-exposure lawsuits would be slowed until plaintiffs reveal how many businesses their attorneys plan to go after under a bill ... Laser Imaging Shows Fewer Flood Plains in Nebraska County A new map shows fewer square miles of flood plains in eastern Nebraska's Lancaster County. The Lincoln Journal Star reports that a laser ... Missouri Jury Awards $2.2M for Trucker's Injuries A truck driver from Oklahoma has been awarded more than $2 million for injuries sustained while unloading Dollar General merchandise at a ... Nyquist-Bivins Named Director of Brand Management for Amerisure Farmington Hills, Mich.-based property/casualty insurer, Amerisure Mutual Insurance Co., has added Jennifer Nyquist-Bivins to director of ... More Midwest News Southeast Court to Review Mississippi Coastal Landowners' Climate Change Suit A federal appeals court has agreed to review a three-judge panel's ruling that a group of Mississippi coastal landowners can sue energy and ... South Carolina Copper Thefts Continue Despite Tougher Laws Although tougher laws have been passed, officials in South Carolina say metal robbers continue to plague homeowners, churches, government ... Florida Justices Face Another PIP Conundrum: Medical Fees Florida's high court is poised to decide how much money insurers owe some medical providers in cases where an auto policy does not ... More Southeast News South Central Travelers Settles with Louisiana Policyholders over Katrina/Rita Damage Travelers Insurance announced it has reached a settlement with policyholders in Louisiana over property damage caused by Hurricanes Katrina ... Oklahoma House Approves $30K Roofer Bond Proposal A proposal forcing the state's roofers to secure a $30,000 bond to get a state license returned to life on April 3 after the Oklahoma House ... Federal Lawsuit Filed Over Arkansas Oil Spill Two women who live near an ExxonMobil pipeline that ruptured and spilled thousands of barrels of oil in central Arkansas filed a federal ... No New Plan for Dealing with Citizens' Insurance Budget Gap The governing board for Louisiana's property insurer of last resort didn't choose an alternate approach on April 3 to balance the company's ... More South Central News West Bills Target Nevada's Construction Defect Law Construction defect laws intended to protect consumers have morphed into a trial lawyer's dream and a nightmare for Nevada's building ... Feds Will Enforce Insurance Regulations In Wyoming The federal government will directly enforce Affordable Care Act regulations in Wyoming when key pieces of the federal health care reform ... Wyoming Firm Fined More Than $15,000 For Deadly Fall Wyoming regulators have fined a modular home construction company more than $15,000 in the death of a worker last year in Grand Teton ... Washington Weighs Compensation for Wrongful Convictions Alan Northrop anxiously waits outside a Senate committee hearing, his girlfriend rubbing his shoulders and whispering words of support as ... More West News International Willis Intelligence Head Urges Crisis Plan Review on No. Korea Threats Tim Holt, Head of Intelligence at Alert:24, Willis and SCR's risk and crisis management consultancy, in his latest blog on WillisWire, has ... Pension Funds Looking for Higher Yields from Cat Bonds Pension funds are turning to specialist bonds that bet on the likelihood of a natural disaster, in a search for yield and returns that are ... Global Reinsurer Capital Rises to $505 Billion: Aon Benfield Study In the latest edition of its Aon Benfield Aggregate (ABA) report, which analyses the financial results of the world's leading reinsurers in ... ABI Warns Travel Sickness Could Cost Uninsured Brits over $1,300 Uninsured British travelers who fall ill on their holiday this summer could face an average extra £900 [$1,376] holiday bill according to ... Qatar Financial Centre Authority Sells Qatarlyst to Ebix Inc. The Qatar Financial Centre Authority (QFCA) announced that it has reached an agreement to sell Qatarlyst, an electronic trading exchange ... Ex-Brazil Central Bank Governor Meirelles Joins Council of Lloyd's Lloyd's announced the appointment of Henrique de Campos Meirelles as Nominated Member of the Council of Lloyd's, the body responsible for ... More International News Insurance Journal Blogs What's in a Blog? Blogging About What's Trending - Part 3 This post is part of a series on insurance marketing and training sponsored by Astonish. In part one and part two, I shared some secrets on ... 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 Taxi Cab Insurance Posted: Tue Apr 9 -- Does anyone know where I can get taxi insurance? I am in the State of Alaska in a small community and need 300,000 liability. I have 1 cab... atvjoel 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 What marketing efforts are generating business? Posted: Wed Apr 3 -- Having been in the industry for 19 years, some as a captive agent, some as a corporate employee working with independent agencies and now as... Michmmosh AICPCU ARM Program Breadth and Scope Posted: Mon Apr 1 -- I am a CPA/CFE Forensic Accountant who has recently started working in Fraud Management for an international P&C Insurer dealing in a very... john_of_kc Go to Forums Reader Comments 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 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 Insurance Agent Takes Stand on Gay Marriage in Supreme Court Case Posted: Wed Apr 3 -- Insurance DataArchitect - You still didn't answer my question. If SCOTUS said marriage a right 14 times (I do not believe they were... really? 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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