Daily Headlines: Thursday, May 23, 2013

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May 23, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Insurers, Banks Leveraging Trade Talks to Change Dodd-Frank U.S. bankers and insurers are trying to use trade deals, which can trump existing legislation, to weaken parts of the Dodd-Frank Act ... Top 10 U.S. Insurers in Tornado-Stricken States: SNL Financial The Moore, Oklahoma tornado, which killed 24 people, was the deadliest to touch down during a nearly weeklong outbreak across the U.S. ... Justice Dept.: No Financial Firm Is 'Too Big to Jail' A Justice Department official insisted on Wednesday that no financial company is too big to jail, in the department's latest effort to ... U.S. Accountants Group Backs BP on Curbing Oil Spill Payouts A group of U.S. accounting professors is backing BP's fight to rein in compensation it has to pay for the 2010 Gulf of Mexico oil spill, ... UK Insurer Marketform Expands into U.S. Hospital PL Market Lloyd's specialist underwriter Marketform will commence underwriting hospital professional liability, comprising medical malpractice and ... Brown & Brown to Acquire Insurance Broker Beecher Carlson Florida-based national insurance agency Brown & Brown Inc. has agreed to acquire Beecher Carlson Holdings Inc., an insurance and risk ... 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,... P/C Loss Reserve Position Stronger, Conning Says The property/casualty insurance industry's loss reserve position improved in 2012, according to analysts at Conning, who... More National News East Vermont Sues Patent Owner Under Its Consumer Protection Act Vermont sued a patent owner over claims it violated the state's Consumer Protection Act, saying it's the first state to file such a ... Marathon Bombing Victims Urged to Apply for Funds The administrator of the Boston Marathon victims' compensation fund said just five people have filed applications as of Tuesday, and is ... Commentary: Accounting for Non-Modeled Sources of Loss The purpose of modeling is to anticipate the likelihood and severity of catastrophes so that companies can prepare for their financial ... R.I. Nightclub Owners Say They Didn't Know Part-Timers Needed WC Coverage The owners of the Station nightclub say they didn't know they needed to buy workers' compensation insurance for the club's part-time ... AIG Sues Ex-U.Va. Lax Player Over Insurance Claim A former University of Virginia lacrosse player convicted of killing his ex-girlfriend is being sued by American International Group Inc. ... More East News Midwest Byrne Named Chair of The Council of Employee Benefits Executives Tim Byrne, vice president and partner at Wisconsin-based M3 Insurance, has been named chair of the Council of Employee Benefits Executives ... Illinois Lawmakers Seek Disaster Declaration in 16 Counties Illinois' congressional delegation has asked President Obama to add 16 Illinois counties to the list of those eligible to receive disaster ... Wisconsin Bill Would Require $50 Tobacco Use Fee for Health Insurance Wisconsin state workers who smoke would have to pay $50 more per month for health insurance under a Gov. Scott Walker proposal that has won ... U.S. Senate Passes Bill with Kansas River Levee Funding The U.S. Senate has approved a bill that includes funding aimed at improving Topeka's levee system along the Kansas River. The bill ... More Midwest News Southeast Florida Municipal Insurance Trust Issues $20 Million Cat Bond A Florida insurance trust that provides property insurance and other products to cities around the state has issued a $20 million private ... North Carolina Man Charged with Insurance Fraud North Carolina authorities have accused a Lincoln County man of filing a fake report of a stolen motorcycle and trailer to get money from ... More Southeast News South Central Safety Board: ATF Blocking Texas Plant Blast Probe Federal agents and the state fire marshal have effectively barred a federal safety panel from the site of a Texas fertilizer plant blast ... Moore, Oklahoma Tornado Damage Estimated at More than $2B The Oklahoma Insurance Department says a preliminary estimate suggests the cost of the tornado that hit the Oklahoma City suburb of Moore ... Oklahoma Commissioner: 4K Home, Auto Claims from Twisters So Far More than 4,000 home and auto claims have been filed as a result of the recent spate of tornadoes in Oklahoma. That number is expected to ... More South Central News West London Underwriter Becomes First to Insure California Carbon Credits Parhelion Underwriting Ltd. became the first insurer to offer a policy to protect companies from the invalidation of carbon offset credits ... Ex-Alaska Worker Charged With Workers' Comp Fraud A former Alaska state employee and his supposed masseuse are accused of worker's compensation fraud. Scott A. Groom and Laurayne K. Fischer ... New Mexico Setting New Records With Drought New Mexico is slipping further into drought, having marked the driest two-year period in nearly 120 years of record-keeping. National ... Feds Take Over California High-Risk Insurance Program About 17,000 Californians with serious medical problems will be moved from a state-run stopgap health insurance program to a federal plan ... National Group Praises Hawaii Cellphone Driving Law A national nonprofit is cheering Hawaii's new law that prohibits people from holding cellphones and other portable electronics while ... $70M Reduction For Auto Club's Southern California Drivers California Insurance Commissioner Dave Jones and Robert Bouttier, CEO of the Automobile Club of Southern California, announced a rate ... More West News International Lloyd's Report Highlights Solar Storm Threat as Emerging Risk "A large solar storm could leave tens of millions of people in North America without electrical power for several months, if not years, ... S&P Assesses Insurance Industry and Country Risk Shaping Insurance Markets A report by Standard & Poor's Ratings Services notes that "for the two main insurance sectors, life and property/casualty (P/C), overall ... Ratings Recap: Dubai Insurance, Jupiter, Ardelis, TT Club A.M. Best Europe - Rating Services Limited has revised the outlook to positive from stable and affirmed the issuer credit rating (ICR) of ... More International News Sponsored Content 2013 Virtual Insurance Tradeshow Speakers Announced Fairfield, CA, - 05/23/13 - Now in its third year, the 2013 Virtual Insurance Marketplace, brought to the insurance industry by Direct ... Carriers, want to increase retention and differentiate your brand? KBM Group recently completed a consumer engagement study. Join us for a free webcast to find out the results. More Sponsored Content 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 Start up cost for a new agent Posted: Thu May 23 -- Manny, we're crossing threads here a little bit but, in comparing long term cost it is my honest opinion that SIAA will be far cheaper in... sacman insurance for machine shops? Posted: Thu May 23 -- anyone know any standard carriers write for machine shops? thanks kdong 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 I.A. start up- cluster, alliance (siaa type) or go it alone? Posted: Thu May 23 -- I'm not familiar with the QQ rater, my only experience with a rater has been EZLynx. However, I've got the paperwork sitting on my desk for... sacman 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 Premier Group Insurance vs Simmons Insurance Group Posted: Tue May 21 -- I'm looking at creating a IA and would like feed back on these two cluster groups? Any feedback would be helpful. cycleguy 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 Wisconsin Police Aggressive in Redacting Accident Reports Posted: Wed May 22 -- Gee.....do ya think the law has gone a little too far to the left? A typical government knee-jerk reaction: one death - while certainly not... Scott Republicans Renew Push for Repeal of Obamacare Posted: Thu May 16 -- Libby: My other comment didn't post: WMD's were not the reason we went to Iraq. Let me say that Again, because you liberals are trying to... bob 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 Government to Share Cyber Security Information with Private Sector Posted: Thu May 16 -- Sargeant Major - The president says he doesn't know anything about anything, so none of the scandals coming from his thug filled... Perplexed Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Free Webcast: Insurance Customer Engagement. 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