Monday, May 20, 2013

Daily Headlines: Monday, May 20, 2013

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Insurance Journal Daily Headlines
May 20, 2013
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Cyber Attacks On Banks More Serious Than Public Realizes

The series of cyber attacks that repeatedly knocked major U.S. banking websites offline in the past nine months has been more powerful than ...

Supreme Court to Hear Mutual Fund Whistleblower Case

In a case involving whistleblowers at Fidelity Investments, the U.S. Supreme Court on Monday agreed to consider whether mutual fund ...

House Pushes for More Economic Analysis of Securities Rules

A divided U.S. House of Representatives on Friday passed a Republican-sponsored bill that would force federal securities regulators to ...

Feds Propose Child Care Center Safety Steps, Employee Background Checks

Federal health officials say they will propose to overhaul federally funded child care centers across the country, beefing up safety ...

Karen Clark's New Program Creates Realistic Hurricane Tracks, Loss Estimates

Just in time for the 2013 hurricane season, Karen Clark & Co. (KCC), a catastrophe risk and modeling firm, has released a scientific tool ...

Travelers Launches New Construction Pak- Builders' Risk Product

Travelers has introduced Construction Pak - Builders' Risk, an enhanced product to help construction projects of all sizes and types stay ...

Opioid Epidemic Plagues Workers' Comp

Editor's Note: This is part of a team report on opioid use by injured workers. For stories focused on particular regions click on the ...

From MyNewMarkets.com 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...
Carrier Management

Leadership Matters: Enhanced Corporate Governance May Mean Better Results

"Take me to your leader." Those of us who grew up worshiping cheesy sci-fi movies from the 1950s are undoubtedly...
Sponsored by: Carrier Management. Critical Information for P/C Execs and Directors. A special thanks to our sponsor Verisk Insurance Solutions and Underwriting. Click here for more information
East

New York, Pennsylvania Rank High for Opioids Among Injured Workers

Editor's Note: This is part of a team report on opioid use by injured workers. For the national story read: Opioid Epidemic Plagues ...

Delaware DMV Warns Residents About Auto Insurance Phone Scam

Delaware's Department of Motor Vehicles says residents are being targeted by a phone scam. The DMV says residents have been getting ...

NYC Tops List of Cities With Most Questionable Claims: NICB

New York City tops the list of U.S. cities with the highest number of questionable insurance claims, according to the latest analysis by ...

NFP P&C Services Hires 2 Account Executives in New York

NFP Property & Casualty Services (NFPPC) recently hired two account executives in its New York office. NFPPC said Janine Fleury joined the ...

Allstate Sues 6 Physicians, Medical Corporations in New York

Allstate Insurance Company is seeking to recover $3.8 million against six physicians and five medical professional corporations in its ...

Christie Unveils Buyout Offer to New Jersey Flood Victims

Some 350 homeowners in the central New Jersey towns of Sayreville and South River whose properties have flooded repeatedly will be eligible ...
Midwest

Ohio, Indiana Struggle with Impact of Opioids on Injured Workers

Editor's Note: This is part of a team report on opioid use by injured workers. For the national story read: Opioid Epidemic Plagues ...

Motorcycle Group Holds Power in Wisconsin Helmet Debate

Wisconsin is coming off its deadliest year for motorcyclists in a generation, but lawmakers are considering no new helmet laws. Three in ...

Maguire Agency's Sundeen Named Minnesota Agent of the Year

Matt Sundeen, vice president of sales and commercial lines producer at Maguire Agency, has been named Agent of the Year for 2013 by the ...

Iowa City in Insurance Dispute over Landfill Fire

Iowa City, Iowa, officials say their insurance claim over a costly landfill fire last year remains in dispute, and it may force legal ...

Accident Fund, Olivet College Offer Certified Authority on Workers' Comp

Accident Fund Insurance Company of America has partnered with Olivet College, a mid-Michigan based college, to create the Certified ...
Southeast

Court Nixes Mississippi Property Owners' Greenhouse Gases Damages Suit

A federal appeals panel has upheld the dismissal of a lawsuit filed by a group of Mississippi Gulf Coast residents and landowners who ...

Alabama Supreme Court Upholds $3.2 Million Malpractice Verdict

The Alabama Supreme Court has reinstated a $3.2 million malpractice verdict awarded to the estate of a Montgomery woman who died in 2005 ...

South Carolina Store Owner Found Guilty of Insurance Fraud

A South Carolina jury has found a Hartsville  store owner guilty of faking an assault and setting fire to her own store to get insurance ...

New Lawsuit Filed Against West Virginia University in Degree Scandal

Two former business school deans caught up in a master's degree scandal six years ago are suing West Virginia University again, arguing the ...

Southeastern States Battle Against Prescription Drug/Opioid Abuse

Editor's Note: This is part of a team report on opioid use by injured workers. For the national story read: Opioid Epidemic Plagues ...
South Central

Texas, Oklahoma Battle Opioids With Legislation

Editor's Note: This is part of a team report on opioid use by injured workers. For the national story read: Opioid Epidemic Plagues ...

Tornadoes Prompt State of Emergency Declaration in Oklahoma

Oklahoma Gov. Mary Fallin has declared a state of emergency after tornadoes, severe storms, straight-line winds and flooding wrought ...

Former Louisiana Insurance Agent Gets 5 Years in Fraud Case

A 35-year-old Denham Springs, La., man has been sentenced in Baton Rouge federal court to nearly five years in prison and ordered to pay ...

May 16 Storm Produced 4 Tornadoes in Louisiana

A powerful thunderstorm in the afternoon on May 16 produced four tornadoes as it moved into Louisiana from Texas The National Weather ...

Ethics Board: Senator Can't Seek Louisiana Citizens Post

Louisiana State Sen. Dan "Blade" Morrish is barred from seeking the CEO's job at Louisiana Citizens Property Insurance Corp. That ruling ...
West

Injured Workers Opioid Use on Rise in California, Washington

Editor's Note: This is part of a team report on opioid use by injured workers. For the national story read: Opioid Epidemic Plagues ...

California Health Exchange Also Will Offer Voter Registration

California will become the first state to offer voter registration through its health insurance marketplace later this year. Millions of ...

Panel Solicits Applicants For New Mexico Insurance Regulator

Former State Insurance Superintendent Chris Krahling has been named to a panel that will select New Mexico's top insurance regulator. A ...

Group Sues EPA To Force Utah To Clean Air Faster

An environmental group is suing the U.S. Environmental Protection Agency, claiming it hasn't pushed Utah hard enough to clean up air ...

SGB-NIA Insurance Brokers Launches Workplace Safety Program

SGB-NIA Insurance Brokers has launched a workers compensation safety program - Three Sixty Safety - designed for implementation into ...

Project CAP Selects Phoenix Agency for Agency 2020 Program

Hester, Heitel & Associates, an independent insurance agency in Phoenix, has been chosen as the spotlight agency to represent Project CAP's ...
Sponsored by: State Compensation Fund. Come again? We would like you to. And we've dropped our rates by 7%. Together, we'll help keep California working. Click here for more information.
International

European Union Set to Vote on 'Too Big to Fail' Law

A European Union law up for a vote on Monday will only fully shield taxpayers from bailing out troubled banks if there is a global ...

Abe Faces Uphill Task in Boosting Foreign Investment in Japan

Japan risks missing, yet again, an opportunity to use foreign investment to help fuel sustained economic growth that has eluded it for the ...

Bangladesh Factory Banned by Wal-Mart Still Makes Wrangler Shirts

A Bangladesh factory where Wal-Mart Stores Inc. and Inditex SA inspectors spotted cracks in the wall this month is still making Wrangler ...
The history of and need for one of the fastest growing coverage segments in the insurance industry from Academy of Insurance
Sponsored Content

Epic-Premier Appoints Leslie Curtis as National Sales Manager

Lakeland, FL, 05/20/13 - Epic-Premier Insurance Solutions, Inc., today welcomed Leslie Curtis as National Sales Manager. Leslie ...

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Changes in Underwriting Medical Professional Liability

The United States is undergoing a massive transition -- and that's healthcare reform, says...
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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....

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New Discussions in the Forums

Look for Carrier for GL for 4 (1) day horse shows
Posted: Sat May 18 -- We have a couple markets who will write. ... INTLXS
Foremost Commission Cuts
Posted: Fri May 17 -- Mr. Paul, You already have a place to put it wink wink. But for anyone else in Missouri (outside of the metros St. Louis, KC, Columbia),... OldIndyAgent
Start up cost for a new agent
Posted: Fri May 17 -- Manny, you've been here before, and I offered up some advice in an earlier question posting from you. Now, I'm going to sound cruel and rude... d's insurance store
Online Competition
Posted: Fri May 17 -- I'm sorry, Jack, I didn't see your other replies. Yes, the coverage for Water Back Up can differ a lot from company to company. There are... Robert742
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
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

Reader Comments

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
Republicans Renew Push for Repeal of Obamacare
Posted: Mon May 13 -- Hey FFA, I hope you are feeling better now. We will all feel better when this dastardly bill implodes as it appears to be doing now. I think... Agent
D.C. Council Holds Hearing on Gun Owner Insurance Proposal
Posted: Fri May 17 -- more of the monumental stupidity of many elected officials. an insurance policy that would coverage for deliberate acts is not only... bob
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

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May 20, 2013
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