Daily Headlines: Monday, May 6, 2013

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May 6, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Buffett Says Berkshire to Be 'Significant Factor' in Commercial Insurance Investor Warren Buffett said Berkshire Hathaway plans on growing its commercial lines insurance business quickly now that it has added four ... Health Insurers Cautious About Joining State Health Exchanges The nation's largest health insurers are far from leaping at the chance to join new state health insurance exchanges under President Barack ... States Drop Challenge to $8.5B Bank of America Deal; AIG Still Opposes The New York and Delaware attorneys general and the U.S. housing regulator on Friday dropped their objections to Bank of America Corp.'s ... Patent Claims Causing Firms to Exit Business Lines: Study Patent demands are taking a big toll on technology companies, with results that range from forcing companies to tweak their products to ... After Sandy, Underwriters, CAT Models View Northeast Like Southeast: NAPCO Superstorm Sandy may not have hardened the insurance market, but it has changed the way underwriters view the Northeast, a view that ... Lopez Named President of Navigators Specialty's New Professional Liability Unit Navigators Management Co. has named Henry A. Lopez as president of a new Professional Liability unit of Navigators Specialty. Lopez will be ... The Risks of Insuring the Cloud Hollywood would have us believe that some smart, awkward computer guy in his 30s living in his mother's basement is to blame. Surrounded... Text-Mining Analysis Links Drug-Impaired Driving To Higher Injury Rates "On medication" may not be one of the check boxes on carrier claims forms, but by hunting for such a description in... More National News East Sandy-Struck New Yorkers Seek Home Buyouts Joseph Szczesny's modest Staten Island home in New York was inundated when Superstorm Sandy slammed into the U.S. East Coast in October. ... New York Mountain Town Awaits Hurricane Relief, 20 Months Later Rebecca Hoskins poked through the debris in her flood-wrecked house: a TV here, a light fixture there. Someone had been in and taken down ... In Connecticut, Sandy Aid Tops $367M; Flood Insurance Payouts Reach $220M More than $367 million in federal assistance has been approved to help the state with disaster expenses related to Superstorm Sandy, ... New Law in Maryland Will Require Insurers to Explain ACC Clause to Homeowners Maryland has enacted a new law requiring insurers that write homeowners policies in the state with anti-concurrent causation clauses to ... Connecticut Bill Would Report Chatty Drivers to Insurers Frustrated by drivers who ignore Connecticut's ban on talking and texting on hand-held cellphones, some state legislators want insurance ... More East News Midwest Partner Benefits Stand for Michigan State Workers Same-sex domestic partners of state employees will continue to qualify for health insurance after the Michigan Supreme Court decided not to ... House Panel OKs Changes to Michigan Car Insurance Rules A Michigan legislative panel has approved a bill that would end unlimited lifetime medical care for people seriously injured in car ... Towing Costs Jump in Detroit from $75 to $215 The cost for getting back a vehicle that's towed in Detroit is going up in a big way. Detroit announced that Detroit City Council approved ... Amerisure's Taylor Receives Community Spirit Award Farmington Hills, Mich.-based Amerisure Mutual Insurance Co. announced that Carol Taylor, vice president, counsel and compliance officer, ... More Midwest News Southeast Florida Lawmakers OK Clearinghouse for Citizens Business; Agents Face Changes Florida lawmakers approved legislation that seeks to slow the growth of the state-backed property insurer by diverting new policies into ... Christians-Only Medical Program Expected to Resume in Kentucky A Christians-only medical program that had been banned in Kentucky is expected to resume operations next month, unless officials at the ... BP Gives Mississippi $69M for Gulf Coast Restoration Projects BP PLC is paying $69 million for interactive exhibits at a Hancock County science center, a concrete pathway on the beach at Pascagoula, up ... New Homeowners Insurance Program Available to Coastal Residents in Alabama Frontline Homeowners Insurance, a coastal-focused insurer, is now offering wind and flood coverage to Alabama residents with coastal ... Florida Lawmakers Approve Medical Malpractice Reform In a victory for medical malpractice insurers and physicians, Florida lawmakers have approved a series of tort reforms that among other ... More Southeast News South Central Texas Plant That Blew Up Carried $1M Liability Policy The Texas fertilizer plant that exploded last month, killing 14 people, injuring more than 200 others and causing tens of millions of ... Texas House Approves Guns on Campus, School Marshals Bills The Texas House has approved contentious plans to let college students carry concealed weapons to class and create special marshals for ... Judge Declines to Dismiss Emissions Suit Against ExxonMobil A federal judge has declined to throw out a 2010 environmental lawsuit against ExxonMobil Corp. over emissions from its Baytown oil ... Ascension Parish to Lobby Against Flood Insurance Increase A councilman from Louisiana's Ascension Parish is heading to Washington, D.C., to lobby against an increase of premium rates for National ... More South Central News West California Wildfire Appears Accidental, Drizzle Aids Firefighters Investigators have ruled out arson as the cause of a huge Southern California wildfire that was 75 percent contained Sunday after burning ... Bill Limits California Workers' Comp For Pro Athletes Professional athletes who spent most of their careers with teams in other states would no longer be able to file workers' compensation ... Idaho School Found Liable In Boy's Driver's Ed Death A Blaine County jury has awarded $3.5 million in damages to the family of a 15-year-old Carey boy who died in a crash during his driver's ... Kutcher's Company Settles Reality Show Lawsuit In California Ashton Kutcher's production company has settled a lawsuit against the California Department of Motor Vehicles over a planned reality series ... Montana State Fund Lowers Rates for 2014 Montana State Fund's board of directors announced a six percent rate decrease for 2014. The decrease is effective July 1 this year. Since ... More West News International Flexing Antitrust Muscle; China is a New Hurdle for Mergers & Acquisitions China's new-found clout in regulating global mergers is causing headaches for companies seeking high-stakes deals that need Beijing's ... MAPFRE Posts $9.1 Billion Q1 Total Revenues; $346.5 Net Income Spain's MAPFRE announced that it had total revenues of €6.942 billion [$9.1 billion], a 1.6 percent increase, and attributable results of ... Argo Group Reports Q1 Net income of $32.7 Million; GPW of $438.2 Million Bermuda-based Argo Group International Holdings, Ltd. reported increases in both gross premiums written and net income for the first ... More International News Insurance Journal Blogs In N.C., Chairman's Auto Insurance Bills Don't Even Meet His Own Standards As the push for modernization and consumer choice in North Carolina's auto insurance system moves from the state Senate to the House, it's ... More Blogs Join the Insurance Journal Network Insurance Journal TV 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 Greenberg's View: Finite Reinsurance The cornerstone of former New York Attorney General Eliot Spitzer's campaign against AIG and... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Hotels in Ca Posted: Mon May 6 -- I need coverage for a hotel BOP in Crestline Ca 92325. Farmers getting off risk due to location. Thanks Trotter Long haul trucking- CA Posted: Sat May 4 -- Hi Legacy, yes, I can take a look! Can't write the PD though. tanya01 What marketing efforts are generating business? Posted: Fri May 3 -- Commercial Insurance is highly renewal date based. If you are looking for timely revenue driving marketing, having a calling effort is the... EugeneM CA-Sales of defibrillators & CPR Training Posted: Thu May 2 -- Not a BOP, but BOPs don't have the Professional they need. Northfield Insurance Co. will do a GL and Professional in a single package for a... BKCPCU Insurance Noodle vs. Superior Access vs. Agent Secure Posted: Thu May 2 -- They have a lot of names within the P&C world: Agency Networks, Agency Groups, Clusters, Premium Aggregators, Agency Franchises, etc. They... El Phil What is your biggest pain as an agent? Posted: Wed May 1 -- Right now my biggest pain is customer service. Its hard to sell, market and service as a one man shop. It never seems like there is enough... shiftins Go to Forums Reader Comments Texas AG: Same-Sex Marriage Benefits Unconstitutional for Public Entities Posted: Wed May 1 -- Boo! Boo! Boo Abbot and Patrick! So, if 75% of voters said they wanted witches burned at the stake, would you take up a search and commence... Captain Planet Opponents of Obamacare Sue Over IRS Rule on Tax Credits Posted: Fri May 3 -- Gee, I wonder why these people are challenging this wonderful 2,700 page bill with 12,000 pages of regulations. I wonder why 2/3rds of the... Agent Experts Weigh Boston Bombings' Impact on Government-Backed Terrorism Insurance Posted: Tue Apr 30 -- "Under TRIA, an event cannot be considered as a terrorist act unless the U.S. Treasury secretary, the secretary of state and U.S. attorney... Dave Administration Shortens Health Care Application Posted: Wed May 1 -- "The health care questions will disappear, but they'll be replaced by questions about your income." New "simplified" application - 4... wvagt Most-Used Excuses for Getting Out of Traffic Tickets: Survey Posted: Mon Apr 29 -- I'm trying to save the world and Duke Nukem took away my ability to fly. Captain Planet Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue May 20, 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 Workers Compensation Wholesale Underwriter Customer Service Manager - Personal Lines Manager, E&O Dept Underwriting Analyst Have a job opening? List it on our Web site. 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