Daily Headlines: Friday, May 31, 2013

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May 31, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Is European Hurricane Model Better Than U.S. Model? When forecasters from the National Weather Service track a hurricane, they use models from several different supercomputers located around ... Central U.S. Warned of Severe Storms With Tornadoes, Floods Today Severe thunderstorms, baseball-sized hail, flooding and possibly tornadoes may sweep across parts of Oklahoma, Missouri and Arkansas today, ... Best Revises Outlook on Travelers and Most Subs to Positive; Affirms Ratings A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating (FSR) of 'A+' (Superior) and ... Best Affirms State Farm Companies, Affiliates and Subs Ratings A.M. Best Co. has affirmed the financial strength rating (FSR) of 'A++' (Superior) and issuer credit ratings (ICR) of "aa+" of State Farm ... HCC Insurance Holdings Launches Construction Property Risks Division HCC Insurance Holdings, Inc. has expanded into builder's risk insurance with the launch of its new Construction Property Risks Division. ... China Group Missing Deposit Date Could Ground AIG's Plane-Lease Sale A Chinese group's purchase of ILFC, one of the world's largest airplane leasing businesses, could collapse after insurer American ... Federal Safety Officials Look to Accelerate Self-Driving Cars, Vehicle Technologies Self-driving cars being developed by Google Inc. and some automakers are getting a lift from U.S. auto-safety regulators eager to ... AIG Ends a Bailout-Related Lawsuit Against N.Y. Federal Reserve American International Group Inc. has agreed to end litigation against the Federal Reserve Bank of New York over whether the insurer ... Travelers Launches OnDemand Risk Control Service for Commercial Clients The Travelers Insurance Cos. has launched an interactive, on demand service for property and casualty insureds looking to manage and... Software Solution Development Tools--Sounds Good, But... Over the past decade, tooling has become an attractive option for both insurers and software vendors as a way to create... More National News East Paterno Family Sues NCAA Over Penn State's Sandusky Fine Joe Paterno's family has sued the National Collegiate Athletic Association over penalties levied against Pennsylvania State University and ... Conn. Senate Approves Driver's Licenses for Undocumented Immigrants Connecticut's state Senate approved legislation early Thursday that would allow immigrants to obtain driver's licenses regardless of their ... Cross Insurance Hires Construction Risk Specialist in New Hampshire Cross Insurance, an insurance brokerage and subsidiary of Bangor, Maine-based Cross Financial Corp., announced the hiring of Mike Guarino ... Group Applauds N.Y. Senate Passage of Certificates of Insurance Bill The Professional Insurance Agents of New York State Inc. applauded the New York State Senate for passing a bill, S.3084-A/A.3107-B, on ... N.Y.-Based Navigators Management Taps AIG Exec as New Chief Claims Officer Rye Brook, N.Y.-based specialty insurer The Navigators Group appointed Glen Bronstein as chief claims officer of Navigators Management ... More East News Midwest Michigan Broker Gets 5 Years in $1M Fraud Case A northern Michigan insurance broker accused of fleecing elderly clients out of more than $1 million has been sentenced to 5 years in ... Workers' Comp Panel Approves $1 Billion Rebate to Ohio Employers Directors of Ohio's insurance fund for injured workers have unanimously approved Gov. John Kasich's (KAY'-sihks) proposal to send $1 ... Iowa Governor Issues Another Disaster Proclamation Gov. Terry Branstad has issued a disaster proclamation for another eight counties hit by recent storms and flooding. Branstad made the ... A.M. Best Revises Ohio's Buckeye Outlook to Negative A.M. Best Co. has revised the outlook to negative from stable of Piqua, Ohio-based Buckeye State Mutual Insurance Co. and its insurance ... More Midwest News Southeast Florida Gov. Scott Hits Citizens for Secrecy; Signs Clearinghouse, Cap Bill Florida Gov. Rick Scott is sounding off anew against the state's largest property insurer. Scott on Wednesday signed a bill that includes ... Mississippi Homeowners Renew Lawsuit Against Exxon Over Alligators Tom Christmas and his wife argue that they didn't discover the 84-plus alligators on land next to their homestead until four years after ... Florida Fines Universal P/C $1.3M for Claims Delays, Notice Failures Florida's second largest property insurer is being hit with a fine of nearly $1.3 million. Florida Insurance Commissioner Kevin McCarty ... Mississippi Court Throws Out $700K Judgment Over Police Chase The state Court of Appeals has thrown out a $700,000 judgment against the city of Jackson involving an accident during a police chase in ... More Southeast News South Central More Severe Weather and Tornadoes Forecast For Oklahoma, Ozarks More dangerous weather, spawning baseball-sized hail and tornadoes, was predicted for Oklahoma and parts of the Ozarks on Friday after more ... Man Dies in Texas Construction Accident Police say a construction worker at a site in College Station, Texas has died after being pinned to the ground by two 1,500-pound, ... Tornadoes Rip Through Oklahoma, Arkansas Severe storms spawned a dozen reported tornadoes in Oklahoma and Arkansas on Thursday, injuring at least five people and sending residents ... More South Central News West EQECAT: Likely No Damage From Two California Quakes According to EQECAT's CatWatch on two moderate sized earthquakes in California this week there should be little to no damage is expected. ... Ex-Chivas USA Employees File Discrimination Suit in California Two former Chivas USA youth coaches have filed a discrimination lawsuit against the Major League Soccer team, claiming they were fired ... Baucus in Montana Eyes Summer Deal On Farm Bill Montana farmers told U.S. Sen. Max Baucus that planned cuts to the farm bill could make the crop insurance safety net too expensive. Baucus ... Digital Insurance Acquires Fallick in Northern California Employee benefits agency Digital Insurance has acquired  Fallick Insurance Services of Mountain View, Calif. Fallick joins the Los ... Fakhimi To Lead MassMutual's Sacramento Office MassMutual San Francisco's General Agent Robert B. Fakhimi will expand his responsibilities with Massachusetts Mutual Life Insurance Co. ... More West News International Hurricane Barbara Wind, Rain, Flood Damages in Mexico: AIR Analysis Catastrophe modeling firm AIR Worldwide has released a preliminary analysis of the damages caused by Hurricane Barbara, when it came ashore ... Trade Ministers Running Out of Time to Save Global WTO Talks WTO member countries have until the end of July to revive moribund global free trade talks in time for a meeting scheduled for December in ... Xchanging Expands in SE Asia with New Office in Malaysia Xchanging, the UK-based technology services provider, announced the expansion of its presence in Southeast Asia, with a "significant growth ... Triggs Joins Aon Benfield Securities in Expansion Move Aon Benfield Securities, the investment banking division of global reinsurance intermediary and capital advisor Aon Benfield, announced the ... Ratings Roundup: Product Care, Taiping (Singapore) A.M. Best Asia-Pacific Limited has assigned a financial strength rating of 'B++' (Good) and an issuer credit rating of "bbb" to Product ... More International News Sponsored Content Former U.S. Federal Reserve Insurance Counsel Frank Alerte Joins Colodny, Fass, Talenfeld, Karlinsky, Abate & Webb Ft. Lauderdale, FL, 5/31/13 - Frank Alerte, a former executive insurance counsel at the U.S. Federal Reserve, Guy Carpenter and BB&T, has ... Research Shows Impact of Customer Engagement Join us for a free webcast to find out the results. More Sponsored Content Join the Insurance Journal Network Insurance Journal TV The Good and the Bad: Healthcare Reform and Medical Liability The Patient's Protection and Affordable Care Act (ACA) has very little to do with the medical... Watch Now Changes in Underwriting Medical Professional Liability The United States is undergoing a massive transition -- and that's healthcare reform, says... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums 24 Hour CA Restaurant Posted: Fri May 31 -- Depending on the loss history I may have a couple PEO markets that will take a look at this risk. Please give me a call if PEO is an option... Chad Filley 1st Year as a Producer Stories Posted: Wed May 29 -- Rainmaker, thank you for the advice. I am 9 months in so far and excited to hit year 2 soon. For me, the hardest part of being a new... californiadude Insurance agencies for sale ? Posted: Mon May 27 -- Yikes - call Marsh Berry or Dowling Hales. Rainmaker Non compete lawsuit Posted: Mon May 27 -- I've moved three books as a producer from a small agency, to a regional, to a global. I've also run practice groups and was a Regional CEO... Rainmaker CPCU - Advice Posted: Mon May 27 -- Perfect...bears repeating: "In the interest of full disclosure, I work for the Institutes (American Institute for... Rainmaker What marketing efforts are generating business? Posted: Mon May 27 -- If you line up a hundred people and ask this question - you will most certainly obtain a hundred different answers! It's a great question... Rainmaker non compete clause Posted: Mon May 27 -- All very good advice. I would simply add that the strength of non-competes will vary by state and the circuit court governing those states.... Rainmaker Workers Comp TX Oilfield Service Contractor Posted: Fri May 24 -- Guys, can anyone help. Need a market for a new customer (have all other lines) for WC. This company is a startup and the President has years... JohnnyLaw Go to Forums Reader Comments Judge Allows Mississippi Liability Suit Over Underage Drinker to Proceed Posted: Tue May 28 -- There's no possibility he had a fake ID? Can they prove whether he was served at the bar or became intoxicated at the Condo? Did anyone... Whodathunkit? Mississippi Man Run Over by Lawnmower Sues Manufacturer Posted: Wed May 29 -- something is missing here...if he bought it two months before the accident switch must have been altered. I'm betting any manufacturer of... UW Mixed Reaction in Georgia to Push to Lower DUI Limit Posted: Thu May 30 -- ""We are not prohibitionist. We are not interested in eliminating drinking," Martin said." Like heck they aren't. If I recall, even... ExciteBiker Wage and Hour Claims Among Top Threats to U.S. Employers Posted: Fri May 24 -- Really??? You accept a job that you are advised is 40 to 45 hours per week however after you accept it you are told you must work an... Questionning Employer Contraception Mandate Headed to Court for Ban Ruling Posted: Tue May 28 -- Libby: Why don't you just answer the question? Affordable, LOL. Read this from the New York Times. This will impact a whole lot of Democrats... Sargeant Major Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue May 20, 2013 Workers' Comp Report with Directory; Restaurants & Bars; Recreation & Leisure 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 Senior Underwriter - Commercial E&S Account Executive Business Development Underwriter Senior Insurance Tax Analyst Have a job opening? List it on our Web site. 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