Daily Headlines: Wednesday, April 10, 2013

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April 10, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Gun Liability Insurance Bills Aren't the Answer, Says Insurance Industry Congress appears ready to take up gun control legislation for the first time in years, with proposals under consideration focusing on ... President Obama Proposes Cuts in Crop Insurance Subsidy, Insurer Costs President Barack Obama proposed reducing the most expensive part of the farm safety net by cutting the subsidy to farmers for buying crop ... Wal-Mart to Fund Safety Training in Global Supply Chain Wal-Mart Stores Inc., the world's largest retailer, is making its biggest push yet to try to improve conditions at factories that produce ... Best Affirms Aegon's U.S. and Canadian 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 the U.S. ... Ratings Recap: National Lloyds, Tar Heel Re, World Insurance, Kentucky Growers A.M. Best Co. has downgraded the issuer credit rating (ICR) to "a" from "a+" and affirmed the financial strength rating (FSR) of 'A' ... Aspen US Forms New Marine, Energy, Construction Unit Aspen Insurance, the insurance segment of Aspen Insurance Holdings Ltd., has formed a specialty marine, energy and construction unit within ... New Willis Unit to Help Clients Meet Women, Minority Business Requirements Willis has started a new practice group called Willis Open to help public entities and corporate businesses build alliances with ... 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... Women with Elite School Degrees Opting Out of Full-Time Careers Though past studies have found little evidence that women are opting out of the workforce in general, female graduates... More National News East In New York, Sandy Cleanup Work in 3 Long Island Towns Probed The Suffolk County district attorney's office has issued subpoenas to three Long Island towns as it investigates how local governments ... Liberty Mutual Promotes Shapiro to Chief Commercial Claims Officer Liberty Mutual Insurance announced the promotion of Glenn Shapiro to the role of executive vice president and chief claims officer for its ... New Hampshire Jury Finds Exxon Mobil Liable for $236.4M in U.S. Pollution Suit A New Hampshire jury on Tuesday found Exxon Mobil Corp liable for $236.4 million in a civil lawsuit that charged the oil company had ... Cuomo: Workers' Comp Reform to Bring $800M Savings to N.Y. Employers New York Gov. Andrew Cuomo said this week that state employers are poised to save some $800 million annually ... More East News Midwest Tyco: No Proof Eli Lilly Thieves Used Security Report A security company being sued over the 2010 theft of $60 million worth of pharmaceuticals from a warehouse in Connecticut owned by ... Gillis Promoted to Senior VP at American Financial Group Cincinnati, Ohio-based insurance holding company, American Financial Group Inc. has promoted Michelle A. (Shelly) Gillis to senior vice ... Chicago-Based MGA Joins Trusted Choice The Independent Insurance Agents and Brokers of America (IIABA) announced that Chicago-based managing general agent Donald Gaddis Co. Inc. ... More Midwest News Southeast Jury Finds State Farm Defrauded Flood Insurance Program A federal jury in MIssissippi has found that State Farm Fire and Casualty Co. avoided covering a policyholder's wind losses by blaming the ... Mississippi Governor to Sign DUI Ignition Lock Bill Mississippi Gov. Phil Bryant intends to sign a bill aimed at strengthening laws against drunken driving, his spokesman said Monday. The ... AssuredPartners Acquires Alan James Insurance in Florida AssuredPartners of Florida has acquired substantially all of the assets of Alan James Insurance, a Ft. Lauderdale-based insurance broker ... More Southeast News South Central A.M. Best Downgrades Rating of LEMIC Insurance Co. A.M. Best Co. announced it has downgraded the financial strength rating to B (Fair) from B+ (Good) and issuer credit rating to "bb" from ... FEMA Awards More Than $31.2M to Texas for Firefighting Costs More than $31.2 million was recently awarded to the state of Texas by the Federal Emergency Management Agency (FEMA) for reimbursement of ... Arkansas Senate Backs Penalties for Fatigued Drivers The Arkansas Senate has approved legislation that would allow prosecutors to charge drowsy drivers with negligent homicide when they cause ... Houma, Louisiana Floodgate to Be Ready for Hurricane Season The flow of the Houma Navigation Canal in Louisiana completely stopped recently for the first time in the waterway's 50-year existence. The ... More South Central News West California's 4 A.M. Last Call Bill Already Fuels Debate The last call for alcohol is 2 a.m. in California, but one lawmaker believes that's just too early to set down the shot glasses and beer ... Move To Allow Computer Vehicle Registration in Colorado The Colorado Department of Revenue is asking state lawmakers to allow people to register their vehicles and get titles using their ... Lawyers Ask Hepatitis C Jury To Award $2.5 Billion In Nevada Case Plaintiffs' attorneys asked a Nevada state court jury on Monday to put the state's largest health management organization on the hook for a ... Washington Jury Awards $26M Over Plane Crash Deaths A jury has awarded $26 million to the families of three people killed when a small plane crashed near Arlington, Wash. in 2008. The ... More Sand Bags Going Out To Limit Fire Flooding Hundreds of homeowners living near the Waldo Canyon burn area in Colorado Springs are gearing up for more flooding this spring. Officials ... Thoits in California Bought by NFP San Jose, Calif.-based Thoits Insurance Service Inc. was acquired by NFP Property & Casualty Insurance Services, a wholly owned subsidiary ... 3 Bound In Nevada Insurance Official Slaying Three former fugitives were heading Tuesday to Carson City in police custody to face murder charges in the slaying of William ... More West News International M6.3 Quake Strikes Iran Coast; Minimal Insured Losses Expected: AIR Analysis Catastrophe modeling firm AIR Worldwide has issued a bulletin on the earthquake that struck the southwestern coast of Iran this morning, ... UK's FCA Wastes No Time in Setting Priorities; 15% Budget Increase The UK's newly established Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA), which replaced the FSA on April ... Dryad Maritime Welcomes Japan Plan to Allow Armed Guards on Ships Dryad Maritime, a UK-based commercial maritime intelligence company, has welcomed the Japanese government's plans to submit legislation ... U.S. Business Groups Concerned by Cyber Security Law Aimed at China The U.S.-China Business Council on Monday criticized a new U.S. law aimed at thwarting cyber attacks by discouraging the Justice Department ... U.S. Aims to Reshape World Trade Rules with Regional Pacts Says VP Biden The United States hopes to use a proposed regional free trade agreement in the Asia-Pacific and another with the European Union to reshape ... Best Affirms Ratings of Endurance Specialty and Subs; Outlook Stable A.M. Best Co. has affirmed the financial strength rating (FSR) of 'A' (Excellent) and issuer credit ratings (ICR) of "a" of Endurance ... More International News Insurance Journal Blogs Burand's Agency E&O Blog: Tip #29 Flood Insurance. Who Ever Said Mortgage Companies Know Everything About Flood Insurance? In agency after agency I visit, flood insurance is ... 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 Business Loss - Travel Insurance Posted: Tue Apr 9 -- One easy thing that most people forget is that companies like American Express have built in insurance if the travel arrangements are made... michaelh51 Pole Barn W/Wind FL Posted: Tue Apr 9 -- Private Property or Commercial use? Michmmosh remote control aerial photography Posted: Tue Apr 9 -- I have heard that if it's ancillary that Tapco will write it... 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 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 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 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 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 Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue April 8, 2013 Big "I" Issue (with Young Agents Survey); Medical Professional Liability; Alcohol & Drug Rehab; Bonus: Education & Training Directory 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 Commercial P&C Producer Claims Examiner / Senior Claims Examiner Senior Underwriter - Commercial P&C Marketing Representative Have a job opening? List it on our Web site. 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