Thursday, May 30, 2013

Daily Headlines: Thursday, May 30, 2013

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Insurance Journal Daily Headlines
May 30, 2013
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Allstate, Citigroup Settle Mortgage Securities Lawsuit

Allstate Corp. and Citigroup Inc. agreed to settle a lawsuit filed by the insurer in New York state court accusing the bank of fraudulently ...

E&O Insights: Restaurant and Tavern Risks

Chances are just about every town in the United States has a restaurant, tavern or pizza parlor. Pursuing this type of risk, then, is ...

Republicans See 'Obamacare' Issues as Key to 2014

If Republicans were writing a movie script for next year's congressional elections, the working title might be ``2014: Apocalypse of ...

More Than 100 Insurers Sign Up for Healthcare Exchanges

Federally-run health insurance exchanges created under President Barack Obama's healthcare law have drawn applications from 120 insurance ...

IMUA Elects Officers, Board Members at Annual Meeting

The Inland Marine Underwriters Association (IMUA) elected a new slate of officers and board members during its 83rd annual meeting, held ...

AER, Hartford Steam Boiler To Develop Tech Tool for Forecasting Blackouts

Atmospheric and Environmental Research (AER) and The Hartford Steam Boiler Inspection and Insurance Co. (HSB) have formed a strategic ...

Administration Issues Workplace Wellness Program Guidelines

Employees will be eligible for significantly lower premiums on the health insurance they buy through their employers if they participate in ...

From MyNewMarkets.com Timeline: Events that Shaped Directors & Officers Marketplace

Below is a timeline of significant events that have shaped the directors and officers insurance market. This timeline was compiled through...
Carrier Management

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...
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East

Virginia Insurance Bureau Offers Hurricane Season Tips

Hurricane season is approaching, and the state Bureau of Insurance is urging Virginians to check their coverage before a storm hits.The ...

Third Person Sentenced in New York Auto Insurance Scam

Federal authorities say a 67-year-old central New York man has been sentenced for his role in staging a motor vehicle crash to collect ...

Obama, Christie Praise Government's Response to Superstorm Sandy

President Barack Obama and New Jersey Gov. Chris Christie promoted the Jersey Shore's summer tourism economy Tuesday while praising the ...

U.S. Army Corps of Engineers Begins Post-Sandy Study of North Atlantic Coast

U.S. Army Corps of Engineers announced that the corps' scientists and engineers launched a collaborative study on Tuesday to determine how ...

N.Y. Liquidation Bureau Distributed $346M in 2012; Over 6,000 Claims Resolved

New York State's Financial Services Superintendent Ben Lawsky announced the publication of the New York Liquidation Bureau's 2012 annual ...
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Midwest

PCI Asks Governor to Sign Illinois E-Card Law

The Property Casualty Insurers Association of America has asked Illinois Gov. Pat Quinn to sign Senate Bill 1775, which would allow ...

Iowa At Tipping Point For Major Flood Event, Disaster Declared

This spring is now the wettest on record in Iowa. State Climatologist Harry Hillaker says statewide average rainfall of more than 16.4 ...

Indiana Tech Sues Hospital She Says Denied Medical Leave

A southern Indiana woman asserts in a federal lawsuit that the hospital where she worked fired her after she requested medical leave in ...

Fort Wayne Schools Cutting Hours Over Insurance

One of Indiana's largest school districts is cutting the hours of 610 part-time teaching aides and cafeteria workers to save money and to ...
Southeast

Court Tells Florida to Review Employee Drug Testing for Some Jobs

Specific government job categories must be considered for mandatory drug testing in Florida, an appeals court concluded in a ruling that ...

Mississippi Insurance Chief Chaney Worried About Uninsureds

Mississippi Insurance Commissioner Mike Chaney says he fears some people won't be able to get health insurance when enrollment under the ...

Mixed Reaction in Georgia to Push to Lower DUI Limit

There's mixed reaction in Georgia from drivers to a proposal from a federal agency's call for states to lower their blood-alcohol limits. ...

Wrongful Death Suit Alleges Hazing Death at Florida University

A wrongful death lawsuit claims Bethune-Cookman University failed to stop fraternity hazing that led to the death of a Marching Wildcat ...
South Central

Kerpon Joins Swett & Crawford's Transportation Team in Texas

Swett & Crawford has added Dallas, Texas-based Gina Kerpon as a transportation underwriter to its transportation practice group. She joins ...

Hurricane Experience Aids Fast-Food Chain In Oklahoma

The founder and CEO of a Baton Rouge-based fast-food chain says experience with disasters served the company well after a tornado ravaged ...

Louisiana State University: Soybean Rust Showing Up Earlier Than In Past

Asian soybean rust is looking a bit worse than it has in previous years, apparently because the mild winter let it survive, according to ...
West

Nicholson Joins Swett & Crawford's Property Practice in Washington

Swett & Crawford named Shelbi Nicholson as a property broker to its property practice group in Seattle, Wash. Shelbi brings more than 20 ...

Swett & Crawford Names LaVoie Senior Underwriter in Hawaii

Swett & Crawford's property/casualty underwriting department has added Wilma LaVoie in the firm's Honolulu, Hawaii office as senior ...

Utility Sued Over Northern California Canal Break

Pacific Gas and Electric Co. has been hit by a pair of lawsuits over its handling of a canal failure two years ago that forced thousands of ...
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International

Hurricane Barbara Hits Southern Mexico; at Least Two Killed

Hurricane Barbara hit Mexico's southern Pacific coast on Wednesday, flooding roads, toppling trees and killing two men before weakening to ...

Lower Ice Levels, Rule Changes to Boost Arctic Northern Sea Route

Shipping along the Arctic northern sea route is set to grow more than 30-fold over the next eight years and could account for a quarter of ...

S&P Says Endurance Ratings Unaffected By CEO Stepping Down

Standard & Poor's Ratings Services said that its rating on Endurance Specialty Holdings Ltd., currently 'BBB+' with a stable outlook, is ...

Strong to Head XL's New Global Programs Center of Excellence

XL Group announced the creation of a new Global Programs Center of Excellence and welcomed Kevin Strong as its Global Programs Manager. He ...
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Insurance Journal Blogs

How to Deal with Objections when Selling Insurance

This post is part of a series on insurance marketing and training sponsored by Astonish. We've all heard the same objections over and over ...

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Insurance Journal TV

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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...
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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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New Discussions in the Forums

Start up cost for a new agent
Posted: Wed May 29 -- Thanks Rainmaker, I appreciate your post. That could definately be an option to consider... manny79
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

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?
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
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
Senate Votes to Cut Crop Insurance Subsidies to Wealthiest Farmers
Posted: Fri May 24 -- "The move would save $1.3 billion over a decade by reducing the premium subsidy for growers with more than $750,000 of adjusted gross... DS
Mississippi Man Run Over by Lawmower Sues Maunfacturer
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

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