Daily Headlines: Friday, May 24, 2013

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May 24, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National 76 Tornadoes in May Caused $2B-$5B in Insured Losses: Eqecat Tornadoes that struck the United States from May 18 to May 20 caused anywhere from $2 billion to $5 billion in insured losses, disaster ... Schinnerer Introduces Stand-Alone Workers' Comp Underwriting manager Victor O. Schinnerer & Co. has introduced a new stand-alone workers' compensation program. Schinnerer will serve as a ... Atlantic Coast Can Expect 3 to 6 Major Hurricanes This Season: NOAA The government's weather center is forecasting that this year's Atlantic hurricane season that begins June 1 will be an active one, perhaps ... Senate Votes to Cut Crop Insurance Subsidies to Wealthiest Farmers The wealthiest 20,000 U.S. farmers should pay more for taxpayer subsidized crop insurance, the Senate voted on Thursday, adopting a measure ... Directors & Officers Coverage Then & Now: The Events That Shaped This Segment Being informed and understanding the history of insurance coverages is critical to selling and writing them successfully say Nancy Hahn,... Will Berkshire's New Specialty Group Rocket Past Ironshore With $5B In Premiums? "Word on the street" is that Berkshire's specialty lines unit, headed up by four executives who recently left American... More National News East $3.7B in Additional Sandy Relief Aid Announced for N.Y., N.J. Transit Agencies U.S. Transportation Secretary Ray LaHood announced on Thursday an additional $3.7 billion in disaster relief funds to help the four major ... N.Y. Assembly's Anti-Concurrent Causation Bill Moves Forward The New York State Assembly's insurance committee on Thursday approved a bill that aims to prohibit the insurer's use of anti-concurrent ... SeaFire Insurance Seeks Agency Partners in Penn., N.J. Overland Park, Kan.-based SeaFire Insurance Services said it is seeking new agency partners in Pennsylvania and New Jersey for its ... Conn.-Based SPARTA Insurance Names Chief Underwriting Officer Hartford, Conn.-based SPARTA Insurance Co. promoted Tom Colosi to chief underwriting officer effective June 1. He has been serving as ... Fireman's Fund Names Commercial Insurance Field Executive in N.J. Novato, Calif.-based Fireman's Fund Insurance Company appointed Erik Matson to the position of commercial insurance field executive. In ... Auto Glass Steering Bill Moves to Conn. Governor A Connecticut bill that would expand a ban on steering by auto damage appraisers to include glass repairs is moving to the governor's desk. ... More East News Midwest 2 Sentenced for Insurance Fraud in Ohio Ohio Lieutenant Governor and Department of Insurance Director Mary Taylor announced that two insurance fraud investigations have led to ... Ohio Firm Launches Program Aimed at Opioid Abuse in Workers' Comp Lewis Center, Ohio-based Modern Medical announced the nationwide roll out of a program designed stop the rise of opioid abuse in the ... Weather Service: Kansas Weekend Tornado Was an EF4 The National Weather Service says a tornado that traveled seven miles across rural western Kansas during the weekend was an EF4, with winds ... More Midwest News Southeast Guest Workers in Mississippi Sue Company, Claim Exploitation Dozens of Indian guest workers are suing a U.S.-based marine and fabrication company, saying it financially exploited them and forced them ... Judge Recuses Herself from West Virginia University Degree Lawsuit U.S. District Judge Irene Keeley has disqualified herself from hearing a lawsuit filed over a 6-year-old degree scandal at West Virginia ... More Southeast News South Central Oklahoma City Mayor: Up to 13K Homes Hit by Tornado Oklahoma City Mayor Mick Cornett says 12,000 to 13,000 homes were affected by the tornado that tore through a city suburb. At least 24 ... Louisiana's Sen. Landrieu Seeks to Delay Flood Insurance Increases Sen. Mary Landrieu filed legislation this week to delay flood insurance increases for many residents and businesses in southern Louisiana ... No New Federal Funds Needed for Oklahoma Tornado Recovery Top U.S. lawmakers and officials said that the federal government has plenty of money on hand to pay for recovery efforts in the wake of ... More South Central News West Bridge Collapse in Washington Cripples Highway Near Seattle A section of a major interstate highway bridge in Washington state collapsed yesterday, sending two vehicles into the rushing waters of the ... California Offers Glimpse Into Health Insurance Prices Under Obamacare California unveiled prices on Thursday that consumers will pay for a selection of health plans offered through the state under the ... 1-3 Tropical Cyclones Expected For Central Pacific It's looking like it'll be a below-normal hurricane season for the central Pacific. The National Oceanic and Atmospheric Administration ... Idaho State University To Pay $400K For Medical Records Breach Idaho State University is paying a $400,000 to the federal government to settle allegations it improperly exposed confidential medical ... More West News International EU Lawmakers Back French Demands to Limit U.S. Trade Talks European Union lawmakers voted on Thursday to limit the scope of a proposed free-trade deal between Europe and the United States, backing ... Marsh to Acquire Peru Insurance Advisor Rehder y Asociados Global broker Marsh Inc. announced that it has reached a definitive agreement to acquire the Rehder y Asociados Group, an insurance advisor ... ACE Receives Approval for Myanmar Representative Office The ACE Group said it has received provisional approval from Myanmar's Directorate of Investment and Company Administration to establish a ... ABI Approves UK Government Plan to Highlight Insurers' Global Role A bulletin from the Association of British Insurers (ABI) notes that the UK's Financial Secretary to the Treasury Greg Clark announced on ... S&P Applies Revised Insurance Criteria to 22 Reinsurers and Subs Standard & Poor's Ratings Services announced that it has reviewed its ratings on 22 large global reinsurance groups by applying its new ... More International News Sponsored Content The Impact of Customer Engagement - Results from Independent Research. Join us for a free webcast to find out the results. More Sponsored Content Insurance Journal Blogs Burand's Agency E&O Blog: Tip #33 E&S Binding Limits. Extremely few, if any, retail agencies have any binding authority whatsoever with their E&S brokers. This is such a ... 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 insurance for machine shops? Posted: Thu May 23 -- GA The Hartford (Select) has a great BOP for small-medium machine shops. BOPCITY Agency Management System Posted: Thu May 23 -- I was reading through the thread and wanted to share our new product. Terrace is launching a new agency management app - Power Billing for... micheleg I.A. start up- cluster, alliance (siaa type) or go it alone? Posted: Thu May 23 -- Thanks, I will probably try the demo on both and see how it goes manny79 Start up cost for a new agent Posted: Thu May 23 -- Thanks sacman, I finally got in contact with SIAA and (as you said)I will be better of with them in the long run. They do have discounts on... manny79 brokers with access to trucking insurance? Posted: Thu May 23 -- I'm looking for brokers which has good program for trucking insurance. Anyone know? thanks kdong Online Competition Posted: Wed May 22 -- Jack, until you present policy wording backing your interpretation, I'm going to strongly disagree with you. I know you are busy with making... Robert742 Foremost Commission Cuts Posted: Wed May 22 -- They did the same thing here in Ohio, we simply no longer write business with them because It is not profitable to do so, Perhaps they are... Pathwayinsurance Terminated Farmers agent wins lawsuit vs. FIG Posted: Wed May 22 -- Nice to see a win for the good guys... Pathwayinsurance Real Housewives of Miami "star" suing insurance agent Posted: Wed May 22 -- Most policies contain a family member exclusion for BI. Pathwayinsurance Go to Forums Reader Comments GOP Questions Fundraising for Obamacare Posted: Tue May 21 -- SO - GOP, how did your last agenda to make Obama a one term president work out for you? Celtica Employer Contraception Mandate Headed to Court for Ban Ruling Posted: Wed May 22 -- Korte & Luitjohan Contractors and Grote Industries can stick a sock in it. Their personal religious beliefs aren't being impinged. Neither... Fair Playing Field Boogaard Family Sues NHL for Son's Death Posted: Fri May 17 -- This is a sad, sad case. Someone that was way too young died. With football, boxing and hockey.... I am not sure how the sports can continue... Hmmmmmmm Republicans Renew Push for Repeal of Obamacare Posted: Fri May 17 -- Libby, It is amazing that you continue to defend your Progressive Socialist leaders as they continue to get caught with their hand in the... Agent California Health Exchange Also Will Offer Voter Registration Posted: Mon May 20 -- Brilliant move by the Social Progressives! GETREAL Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Free Webcast: The Impact of Customer Engagement - Results from Independent Research. 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