Daily Headlines: Wednesday, May 29, 2013

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May 29, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Oklahoma Tornado Cost Insurers as Much as $3.5 Billion: RMS The tornado that leveled an Oklahoma City suburb last week probably cost insurers $2 billion to $3.5 billion in claims, according to ... Workplace Wellness Has Only Modest Effect on Bottom Lines, Waistlines: RAND A long-awaited report on workplace wellness programs, which has still not been publicly released, delivers a blow to the increasingly ... Consumer Groups Fear Weaker Safety, Privacy Rules Under U.S.-EU Trade Pact U.S. consumer groups plan to raise concerns on Wednesday about a proposed free trade agreement between the United States and the European ... Greenberg Should Face Trial as 'Deterrent,' Says New York State Hank Greenberg should still face trial over sham transactions he is accused of orchestrating while he was head of American International ... S&P Updates Allstate and Subs Ratings; Outlook Revised to Stable from Negative Standard & Poor's Rating Services announced that it has completed a review of Allstate Corp. and, under its revised insurance criteria, has ... Liberty International Underwriters Names Clausen SVP of Excess Casualty Liberty International Underwriters (LIU), part of the Global Specialty division of Liberty Mutual Insurance, has appointed Peter A. Clauson ... Willis North America Appoints Personal Lines Leadership Team Willis North America, a unit of Willis Group Holdings, announced a series of appointments to its Personal Lines Practice as part of its ... Ironshore International Launches Terrorist Coverage for High-Profile Events Ironshore International has launched an insurance product that responds to the heightened risk exposure associated with high-profile ... Greenberg Seeks Dismissal of Spitzer Reinsurance Lawsuit New York's highest court will hear arguments on Tuesday on whether to dismiss a lawsuit accusing Hank Greenberg of orchestrating sham ... Carlier Named CEO of Cooper Gay Re North America Ron Carlier has been appointed chief executive officer of CSGC-Swett & Crawford North America's reinsurance subsidiary, Cooper Gay Re North ... 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... Are Traditional Insurers Ready For P2P Car-Sharing Challenges, Opportunities? The emerging trend in sharing personal assets--sometimes referred to as "collaborative consumption" or "the sharing... More National News East New York Regulator Asks Insurers About Readiness for Cyber Threats New York's top financial regulator has asked some of the largest U.S. insurance companies to disclose details on their preparedness for ... Willis Acquires Employee Benefits Broker T.E. Burke & Associates in Maryland Willis of Maryland, a unit of Willis Group Holdings plc, acquired accounts and certain personnel formerly associated with T.E. Burke & ... Cross Insurance Launches Surety Bond Division in Northeast Cross Insurance, an insurance brokerage and subsidiary of Bangor, Maine-based Cross Financial Corp., announced the establishment of a new ... Mass. Bill Would Extend Legal Protections to Off-Duty First Responders The Massachusetts Senate has passed a bill to ensure that off-duty first responders who provide emergency care are not subject to lawsuits. ... Survey Says Texting While Driving Common Among N.J. Drivers New Jersey auto insurance group Plymouth Rock Assurance has released a distracted driving study this week that found approximately 50 ... More East News Midwest North Dakota Delegation Pushes For Disaster Declaration North Dakota's congressional delegation is urging President Barack Obama to approve Gov. Jack Dalrymple's request for a disaster ... Kansas Town Reports Tornado Damage, No Deaths At least four tornadoes hit different counties in northeast Kansas Monday night, causing the most damage in the town of Marysville but no ... Minnesota Safety Course Offers Alternative to Traffic Ticket More than 4,000 motorists stopped for minor traffic offenses in Wabasha County, Minn. have avoided a citation by taking a driver safety ... More Midwest News Southeast After Years of Increases, Florida Property Insurance Rates May Be Stabilizing It's been nearly eight years since Hurricane Wilma raked the southern end of Florida and caused billions in damages, the last of eight ... Mississippi Man Run Over by Lawmower Sues Maunfacturer A lawsuit in Mississippi says a man was seriously injured after he was attacked by a swarm of yellow jackets, jumped off his riding ... North Carolina's Hagan Amends Senate Farm Bill to Address Crop Fraud A measure championed by U.S. Sen. Kay Hagan adds $5 million in new funding to the 2013 farm bill to help root out crop insurance fraud. The ... North Carolina Town Files $10M Suit Over 2010 Dam Failure The town of Hope Mills is suing to get $10 million to repair a dam that failed more than three years ago. It was the second dam to fail and ... Wholesale Broker Sloan Mason Opens Mississippi Office Sloan Mason,  a San Diego, Calif.-based wholesale insurance broker and managing general agency, has opened a new office in Jackson, ... Florida's Citizens, Heritage Insurance Strike a Deal Florida's Citizens Property Insurance Corp. has narrowly approved a plan allowing a domestic insurer to remove 60,000 policies and receive ... More Southeast News South Central Agents Helping Agents in Recovery from Oklahoma Tornadoes Twelve hundred homes damaged or destroyed, 33,000 people impacted and $2 billion in property losses. Those are damage estimates from the ... Rathgeber Appointed Texas Insurance Commissioner as Kitzman Exits On the same day that Eleanor Kitzman exited her post as state insurance commissioner, Texas Gov. Rick Perry appointed Julia Rathgeber of ... Mayor Urges Louisiana Residents to Join Warning System With the start of hurricane season just days away, Sulphur Mayor Chris Duncan is encouraging Louisiana residents to sign up for the city's ... Corps Takes Flood Study To St. James St. James Parish residents are getting a look at an Army Corps of Engineers plan to reduce storm-surge risk from area lakes in Louisiana. ... More South Central News West Thomson Named VP of Employee Benefits for SterlingRisk in Utah SterlingRisk Insurance Services named Michael Thomson vice president of employee benefits for its Utah. Thomson has more than 20 years of ... 85 MPH Speed Limit Bill Dies In Nevada Assembly A bill authorizing speed limits of up to 85 mph on some Nevada highways has died in the Legislature. SB191 passed the Senate and was ... Nevada Assembly Approves Driver Privilege Cards The Nevada Assembly gave final legislative approval to a bill establishing driver privilege cards for people in the country illegally. ... Boxer Wants Probe On Troubled California Nuclear Plant U.S. Sen. Barbara Boxer wants the Justice Department to investigate if California utility executives deceived federal regulators about an ... Tiny Southern California Agency Earns B Corp Status Merely bringing your A-game may not be enough to entice certain companies to give you their business, especially those who are looking for ... Jordan Joins Lockton as Health Risk Consultant in California Robert Jordan has joined the Southern California operations of Lockton Insurance Brokers as health risk solutions consultant. Jordan's ... More West News International NHC: TS Barbara Nears Mexico's Southwest Coast; Hurricane Watch Issued A bulletin from the National Hurricane Center in Miami, issued at 2:00 AM PDT, locates the center of Tropical Storm Barbara, which is ... AIG in Joint Deal to Sell Life Insurance in China American International Group Inc. reached a deal with People's Insurance Company Group of China Ltd. for a joint venture to sell life ... OECD Advises ECB to Come to Euro Zone's Rescue Again The European Central Bank, which shored up the euro zone last year, needs to act again to lift the bloc out of recession, the OECD said on ... UK's APC Lifts Liability, Property Limits to Quote Risks Online The UK-based commercial insurance underwriting agency, APC, announced that it has increased the limits on the majority of its public and ... Consumer Groups Worry U.S.-EU Trade Pact Will Weaken Health, Privacy Regs U.S. consumer groups plan to raise concerns on Wednesday about a proposed free trade agreement between the United States and the European ... Best Says Endurance Ratings 'Unaffected' as Charman Replaces Cash as CEO A.M. Best Co. has commented that the financial strength ratings, issuer credit ratings and debt ratings of Bermuda-based Endurance ... More International News Sponsored Content Research Shows Impact of Customer Engagement Join us for a free webcast to find out the results. More Sponsored Content Join the Insurance Journal Network Insurance Journal TV 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... Watch Now Changes in Underwriting Medical Professional Liability The United States is undergoing a massive transition -- and that's healthcare reform, says... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums 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 Start up cost for a new agent Posted: Mon May 27 -- It's obvious you are getting very good comments and recommendations on this string. And it appears you are on your way to forming up your... 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 insurance for machine shops? Posted: Thu May 23 -- GA The Hartford (Select) has a great BOP for small-medium machine shops. BOPCITY Go to Forums 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? White House Urges Senate to Cut Crop Insurance by $1 Billion Posted: Wed May 22 -- Agent, If they do that, the poor will have to make a choice, pay more for food or keep their iphone5. That's not fair to put them in that... Baxtor California Offers Glimpse Into Health Insurance Prices Under Obamacare Posted: Tue May 28 -- You are so right Bob, this is why Obama got re-elected. It all sounds good and of course it must be the truth since Obama said it. The low... draetish 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 Insurers, Banks Leveraging Trade Talks to Change Dodd-Frank Posted: Thu May 23 -- The TPP and other so-called trade agreements are bald-faced attempts to circumvent and short-circuit Congress and thereby the people.... 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