Daily Headlines: Friday, May 17, 2013

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May 17, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National BP Oil Spill Claims Chief Braces for Surge in Filings The deadline for claims against BP Plc in connection with the 2010 Gulf of Mexico oil spill is 11 months away, but the man responsible for ... Schwab Temporarily Drops Client Class Action Waiver Charles Schwab Corp. has temporarily reversed its requirement that clients waive their right to bring class-action lawsuits, adding a new ... Obama Administration Releases Proposed Fracking Regulations The Obama administration on Thursday unveiled a new proposal for regulating hydraulic fracturing on federal lands, rolling back some ... S&P Cuts Rating on Buffett's Berkshire Holding Company But Not Insurance Units Warren Buffett's Berkshire Hathaway Inc. had its credit rating cut one notch by Standard & Poor's, which cited a new methodology for ... Lockton: Companies Overlooking Most Crucial Part of Kidnap & Ransom Insurance The ransom and extortion industry's danger zone has expanded well beyond Central and South America, yet companies tend to downplay the ... AAMGA Looks to Expand Membership to Entire Wholesale Marketplace After a two year process in which the board of directors of the American Association of Managing General Agents (AAMGA) has examined the... How Good Are Hurricane Forecasts? Hurricane forecasts are very interesting and well publicized in the media, but how reliable are they? Not very,... More National News East Boston Marathon Relief Fund Guidelines Released The administrator of a fund created to help victims of the Boston Marathon bombings has released final guidelines for distributing the ... D.C. Council Holds Hearing on Gun Owner Insurance Proposal The Council of the District of Columbia held a public hearing Thursday that weighed in on a recent proposal to require liability insurance ... NOAA Report Says Feds' Warnings About Sandy Were Confusing Federal weather forecasts for Superstorm Sandy were exceptionally accurate last fall, but the warnings themselves were confusing, an ... R.I. Officials Ask Court Not to Delay WC Fine Against Former Nightclub Owners Rhode Island labor officials have asked the state Supreme Court not to review the $1 million fine levied against the former owners of the ... N.H. Gov. Nominates Sevigny to Continue to Serve as Insurance Commissioner New Hampshire Gov. Maggie Hassan nominated Roger Sevigny to another five-year term as the state's insurance commissioner. The governor ... More East News Midwest Missouri Senate Backs Bill to Bolster Second Injury Fund More than a thousand disabled workers could finally begin receiving payments for their job-related injuries if the Missouri House gives ... Boogaard Family Sues NHL for Son's Death The family of a National Hockey League player who died of an accidental overdose of pain medication and alcohol has filed a wrongful death ... Missouri Bill Would Create Workers' Comp Database The Missouri Legislature has voted to create an online database allowing businesses to check whether job applicants have a history of ... More Midwest News Southeast Florida Catastrophe Fund Financially Stronger on Eve of Hurricane Season Florida is heading into a new storm season with some good news for once. The state-created fund that backs up private insurers in Florida ... Parents Sue South Carolina Over Child's Sex Surgery A couple filed a lawsuit Tuesday against the state of South Carolina for what they say was an unnecessary sexual assignment surgery ... North Carolina Bill Targets Drivers Who Pass School Buses North Carolina lawmakers want to increase the consequences for drivers who fail to stop for school buses picking up or dropping off ... More Southeast News South Central House Lawmakers Shelve Louisiana Citizens Rate Review Bill Lawmakers in the House have rejected a proposal seeking legislative review of large rate hikes for customers of Louisiana's property ... NWS: At Least 16 Tornadoes in Recent North Texas Outbreak At least 16 tornadoes have been confirmed in the outbreak in North Texas on May 15, federal weather officials say. Survey teams were sent ... Cause of Texas Fertilizer Fire 'Undetermined,' Authorities Say The cause of the fire that triggered the explosions in a fertilizer plant in Texas last month has been deemed "undetermined," investigators ... More South Central News West Montana Man Deliberately Crashes Into Insurance Office Police in Missoula, Mont. say a man who rammed his sport utility vehicle into an insurance office three times was apparently expressing his ... Five Arrested In California Million-Dollar Mobile Phone Insurance Scam Five Northern California residents were arrested by California Department of Insurance fraud investigators and booked into the Sacramento ... Arizona Insurance Agency Chosen for Agency 2020 Hester, Heitel & Associates, an independent insurance agency in Phoenix, Ariz. was chosen to represent "the path to the future for all ... Peterson Joins Elliott, Powell, Baden & Baker in Oregon Chris Peterson has recently joined Elliott, Powell, Baden & Baker Insurance in Oregon as a commercial insurance producer. Peterson is past ... More West News International UN: $2.5 Trillion in Global Disaster Losses Since 2000 Economic losses from disasters since 2000 are in the range of $2.5 trillion, a figure at least 50 percent higher than previous ... Emerging Markets to Lead in Insurance Growth: Munich Re Emerging markets will see the highest growth in premiums for insurance companies this year and next, while Europe lags, according to the ... Developing Countries May Not Be Ready for Coming Increased Investment: World Bank The percentage of global investment that goes to developing countries should triple in the next two decades as emerging economies catch up ... More International News Sponsored Content Weston Insurance Company Selects North American Risk Services, Inc. as Third Party Claims Administrator Altamonte Springs, FL, 05/17/13 - North American Risk Services, Inc. (NARS), a premier national third-party claims administrator announces ... More Sponsored Content Insurance Journal Blogs One Mistake You Should Never Make on LinkedIn How many times have you looked up someone on LinkedIn only to see a blank silhouette where their picture is supposed to be? I'm not sure ... More Blogs Join the Insurance Journal Network Insurance Journal TV Changes in Underwriting Medical Professional Liability The United States is undergoing a massive transition -- and that's healthcare reform, says... Watch Now Fireman's Fund Chief Looks to Future Lori Fouché became Fireman's Fund's president and CEO in July, 2011. The head of the U.S.... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Real Housewives of Miami "star" suing insurance agent Posted: Fri May 17 -- Wouldn't BI just kick in since he was the passenger; therefore considered a 3rd party? Perhaps the driver's limits were too low. I believe... EricCBIAIns 1st Year as a Producer Stories Posted: Fri May 17 -- I have obtained several designations and highly recommend them to new agents. There is nothing wrong with experience alone, but I feel that... independent guy Foremost Commission Cuts Posted: Fri May 17 -- Well that's interesting... How did you hear about this? independent guy Online Competition Posted: Fri May 17 -- I make it a habit to collect insuring agreements from competitors, the 'Other... Pathwayinsurance SCIF (California) - need your advice/opinions Posted: Fri May 17 -- Hi PB, Dealing with SCIF is pretty tedious, especially with all the recent changes and layoffs. They changed many of their internal... EricCBIAIns I.A. start up- cluster, alliance (siaa type) or go it alone? Posted: Thu May 16 -- Thanks Sacman, So far I had only found two reputable options. ( SAN of Florida & Smart Choice) I have not been able to contact them after... manny79 WC account Losses 189 X-mod hard class codes Posted: Thu May 16 -- Go back and rework the loss ratio using the new mod and higher premiums for the past years...look's better right? You have to find an... jwns2864 Go to Forums Reader Comments Republicans Renew Push for Repeal of Obamacare Posted: Fri May 10 -- Let me guess, you are a fanatical Republican disguised as a national hero. Libby The Goal: Zero Alcohol-Related Driving Deaths Posted: Wed May 15 -- A laudable but impossible goal. And like so many other things government does wrong they are getting this totally wrong. The problem does... Dave Pennsylvania Family Gets $15.6M in DUI Lawsuit Posted: Fri May 10 -- Youngin' - this was not a "misfortune." This kid had a .219 BAL one hour after the crash. He drank 6 liters of beer and several shots in 4... Libby Greenhouse Gas Milestone; CO2 Levels Set Record Posted: Mon May 13 -- Beginning with the assertion that the Hawaii reading is 400 (it isn't--I looked it up because Al Gore said it was factual--he's never... Charlie House Farm Bill Expands Crop Insurance, Cuts Food Stamps Posted: Thu May 16 -- How many people are on food stamps that shouldn't be? Get rid of the fraud and abuse in the system and we could save BILLION$. The democrats... Renoscs Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue May 6, 2013 AAMGA Issue; Salute to Super Regionals; Premium Finance 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 Chief Financial Officer VP Underwriting VP Claims New Business Underwriter - Travel 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. 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