Thursday, May 16, 2013

Daily Headlines: Thursday, May 16, 2013

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Insurance Journal Daily Headlines
May 16, 2013
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Today's Headlines

National

House Farm Bill Expands Crop Insurance, Cuts Food Stamps

A Republican-controlled panel in the U.S. House of Representatives on Wednesday approved the biggest cuts in food stamps for the poor in a ...

Workers' Comp Sees Encouraging Signs in 2012 Results: NCCI

The workers' compensation market is seeing encouraging signs. Premiums grew for the second consecutive year, the combined ratio declined ...

Will Supreme Court Enter Climate Change Debate?

With a barrage of legal briefs, a coalition of business groups and Republican-leaning states are taking their fight against Obama ...

Senate to Hold Vote on Consumer Agency Director Next Week

U.S. Senate Democratic leaders plan to hold a vote next week on President Barack Obama's choice to lead the Consumer Financial Protection ...

Liberty International Launches Marine Business Owner Policy

Liberty International Underwriters (LIU), part of the Global Specialty unit of Liberty Mutual Insurance, has launched a new policy designed ...

Government to Share Cyber Security Information with Private Sector

The U.S. government will use classified information about software vulnerabilities for the first time to protect companies outside of the ...

From MyNewMarkets.com The Trademark Problem: Casualty Insurance's Dirty Little Secret

It has always been surprising to me that trademark issues receive so little attention in the insurance community. It's almost as if...
Carrier Management

Top 10 Terror Risk Hot Spots

According to Aon, 44 percent of countries analyzed have an identifiable threat of terrorism. The 10 countries where risk...
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East

N.Y. Regulator Issues 'Cease and Desist' Order to Car-Sharing Firm RelayRides

New York's top financial and insurance regulator on Wednesday ordered the peer-to-peer car-sharing service firm RelayRides to cease and ...

A.M. Best Revises Outlook to Negative for Grange Mutual Fire Insurance Co.

A.M. Best Co. said it has revised the outlook to "negative" from "stable" and affirmed the financial strength rating of B+ (Good) and ...

A.I.M. Mutual in Massachusetts Names New President

A.I.M. Mutual Insurance Companies has promoted Mike Standing to be the company's new president, effective June 1. Standing joined A.I.M ...

Demolition Begins on N.J. Coaster Wrecked by Sandy

Riding the Jet Star roller coaster as a girl vacationing at the Jersey shore, Nicole Jones said there was always that one breath-catching ...
Midwest

Cap Forces Judge to Slash Landmark $240M EEOC Verdict to $1.6M

A judge has slashed a landmark $240 million verdict to $1.6 million for 32 mentally disabled workers in Iowa who suffered years of abuse by ...

Wisconsin Congressmen Propose Changes to Crop Insurance Bill

Two Wisconsin congressmen are proposing changes to the nation's crop insurance program that they say will save the federal government $11 ...

Ryan Specialty Group Promotes Mesina to EVP, Human Resources

Michelle Mesina has been appointed executive vice president of human resources at Chicago-based Ryan Specialty Group LLC (RSG). Mesina has ...

Missouri Lawmakers Approve Disaster Fund

Missouri lawmakers have approved a bill creating a $15 million fund to repair infrastructure in areas where the president has issued a ...

Western Dakota Insurors Welcomes Schmeltzer

Western Dakota Insurors in Rapid City, South Dakota, announced it has added Glen Schmeltzer as a new producer. Schmeltzer is licensed in ...
Southeast

Insurers Pay $600K in Small Town West Virginia Racism Case

Insurance companies will pay $600,000 to a former officer who sued the Sophia Police Department over claims he was harassed and fired ...

Report: Ship Crew Ignored Warnings Before Hitting Kentucky Bridge

The pilot and crew members aboard a cargo ship had reservations about the boat's course shortly before it struck a bridge over the ...
South Central

Tornadoes Spin Through Texas Towns After Dark, Killing Six

At least six people were killed and 100 injured when tornadoes ripped through north-central Texas after dark and authorities said the death ...

Newby Named President, COO at Texas-Based Mullis Newby Hurst

Mullis Newby Hurst LP (MNH), based in Addison, Texas, has promoted John W. Newby to president and chief operating officer. Newby began his ...

Smoke Alarms Provided to Elderly/Disabled in Texas

Smoke alarms are on the way for clients who are provided services by H.A.N.D. and Faith in Action Caregivers in Austin, Texas. The ...

More than $1M Recovered for Oklahoma Insurance Consumers in Q1

The Oklahoma Insurance Department announced that its Consumer Assistance Division recovered $1,088,844 for Oklahoma consumers in the first ...
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West

Jury Sides With Businessman in Vegas Sands Lawsuit

A jury on Tuesday awarded a Hong Kong businessman a $70 million judgment against Las Vegas Sands Corp., the casino giant run by billionaire ...

Wyoming Lawmakers Weigh Alcohol Testing For Drunk Drivers

Wyoming lawmakers are looking into legislation that would keep repeat offenders of alcohol-related crimes out of jail and subject them ...

Oregon City Employee Suing Over Co-Worker Scent

A Portland employee is suing the city, claiming she was sickened by a co-worker's scented fragrance. The lawsuit from Bureau of Maintenance ...

U.S. Judge in Oregon Dismisses Movie Pirating Lawsuit

A federal judge has dismissed a movie company's Internet piracy complaint against 34 Oregonians, saying the company was unfairly using the ...

Report: New Mexico Facing Medical Access Difficulties

New Mexicans could have longer waits for a doctor or specialist as demand grows for medical services because of an aging population and ...
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International

U.S., European Retailers Divided on Safety Plan for Bangladesh Factories

A trans-Atlantic divide between European and U.S. retailers over how best to respond to fatal disasters in Bangladesh textile factories ...

BP to Ask UK Government to Intervene on Gulf Spill Payments: BBC

British oil company BP wants Prime Minister David Cameron to intervene with the U.S. government over the escalating cost of compensating ...

Japan Nuclear Agency Halts Test Reactor Over Safety

Japan's nuclear watchdog announced Wednesday that the nation's trouble-plagued next-generation test reactor will not be allowed to restart ...
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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

Hotels in Ca
Posted: Wed May 15 -- Sureproducts Insurance Agency is a GA for State National. Also, although... justthere
TX - Workers Comp - Contractor
Posted: Wed May 15 -- All Risks, Ltd. could help write the whole risk without having them join a PEO... crsmith777
WC account Losses 189 X-mod hard class codes
Posted: Wed May 15 -- I'd suggest you talk to a WC specialist. I can help. Not promising miracles, but can at least talk you through this one. crsmith777
Look for Carrier for GL for 4 (1) day horse shows
Posted: Tue May 14 -- Need event liabiltiy for (4) one day horse shows. Exlcude horses and riders while mounted. Approx (30) participants and less than 25... Lcan250
What is your biggest pain as an agent?
Posted: Mon May 13 -- How would you like to be a Farmers agent and be tied to IE 9? Now along comes Windows automatic update and you come in the next... OldIndyAgent
Work Comp - Vapor Shops - All States
Posted: Mon May 13 -- Who can write workers comp for Vapor Shops. There is an exposure to handling nicotine. Please advise. Thanks, Sarkis... InsureTime
Agency Management System
Posted: Sat May 11 -- I'm not sure about the other insurance client management systems but I personally love Hawksoft. I'm new to the current agency I work for,... ABMCalifornia
Online Competition
Posted: Sat May 11 -- I make it a habit to collect insuring agreements from competitors, the 'Other insurance' clause is most... Robert742

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
R.I. Bill Considers Allowing Driver's Licenses for Illegal Immigrants
Posted: Thu May 9 -- An individual that enters this country illegally should not be granted any right or privilege other than to be sent back home, preferably at... Huh!
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

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