Wednesday, May 8, 2013

Daily Headlines: Wednesday, May 8, 2013

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Insurance Journal Daily Headlines
May 8, 2013
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

April Brought Fewer Tornadoes But Severe Hail, Floods to U.S.: Aon

Parts of the U.S. suffered severe hail and flooding damage during April, although there were fewer tornadoes than expected. Impact ...

Medical Malpractice Payouts Not Driving Up Health Costs: Study

Efforts to lower health care costs in the United States have focused at times on demands to reform the medical malpractice system, with ...

ACE USA Makes Executive Appointments in Casualty Underwriting

ACE USA, the U.S.-based retail operating division of the ACE Group, announced two executive appointments in its Foreign Casualty and Custom ...

ACE Launches New Management Liability Options for Health Care Organizations

The ACE Group has launched ACE Express Private Health Care Protection and ACE Express Not-For-Profit Health Care Protection policies ...

AIG May Pursue Fraud Case vs. BofA over Countrywide

American International Group Inc. may pursue a lawsuit accusing Bank of America Corp.'s Countrywide unit of causing billions of dollars of ...

Congress to Renew Effort on Farm Bill, Insurance Subsidies Next Week

Congress will begin writing a new, $500 billion U.S. farm law next week, the head of the Senate Agriculture Committee said on Tuesday, even ...

From MyNewMarkets.com 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...
Carrier Management

Google-Based Trading Strategy Would Have Made Big Investment Return: Study

A trading strategy based on changes in the number of times financial phrases are searched on Google could have generated...
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East

Virginia Website Tracks Farm Accident Reports

The Virginia Farm Bureau has launched a website for reporting farm accidents. The site, FarmAccidentReport.com, allows anyone to report. ...

Work Crews Begin Demolishing Storm-Wrecked Homes in Mantoloking, N.J.

Work crews are beginning to demolish storm-damaged homes in the Jersey shore town that was hit hardest by Superstorm Sandy. Minor debris ...

XL Group Expands Political Risk Team in New York

XL Group added two new members to its Political Risk and Trade Credit (PRTC) business. XL appointed Mena Cammett as senior risk analyst and ...

Selective Insurance Appoints Chief Information Officer in New Jersey

Branchville, N.J.-based Selective Insurance Group announced the appointment of Gordon Gaudet as executive vice president and chief ...

N.Y. Gov. Cuomo's Administration Says 'No Timetable' on Fracking Decision

Months after New York Gov. Andrew Cuomo's administration promised a decision ``within weeks" on whether to allow hydraulic fracturing for ...
Midwest

Illiniois-Based RLI Announces Leadership Promotions

Specialty insurer RLI Corp., based in Peoria, Ill., announced a number of promotions within its operations and underwriting team. Craig ...

Indiana State May Charge Tobacco Users More for Insurance

Next year, Indiana State University employees who smoke or use other tobacco products could face a $1,200 per year surcharge if they have ...

CBIZ Acquires Minnesota's Associated Insurance Agents

CBIZ Inc. announced it acquired Associated Insurance Agents (AIA), of Minneapolis, Minn., effective May 1, 2013. Established in 1982, AIA ...
Southeast

Alabama County Bankruptcy Workout a Test for Municipal Bondholders

Alabama's Jefferson County will brief a federal judge on Thursday on its progress toward exiting from bankruptcy, as the county appears ...

New Georgia Law Limits Lobbyists' Spending

Gov. Nathan Deal has signed into law new limits on how much money lobbyists can spend while trying to influence public officials in ...

Flag-Stomping South Carolina Teacher Gets $85K to Not Sue

A South Carolina high school teacher removed from the classroom when he stomped on an American flag while discussing freedom is being paid ...
South Central

Oklahoma Governor Signs Workers' Compensation Overhaul

Oklahoma Gov. Mary Fallin on May 6 signed a measure to overhaul the state's workers' compensation system, one that was backed by Republican ...

Employees of Texas Coastal City OK'd for Guns at Work

Employees of a South Texas city who have concealed handgun permits will be allowed to take their weapons to work starting Aug. 1. The ...

Louisiana Ex-Furniture Store Operator Pleads Guilty in Fraud Case

A former operator of a Baton Rouge, La., furniture store destroyed by a fire in 2006 pleaded guilty to a wire fraud charge stemming from ...

Oklahoma Governor Signs Nursing Home Monitoring Bill

Families of nursing home residents will soon be able to electronically monitor their loved ones thanks to legislation signed into law by ...
West

Paper: No Safety Inspections For Smaller California Limos

The limousine that burst into flames and killed five women in Northern California wasn't required to undergo a state safety inspection, ...

Idaho Sues Former Lawmaker Over Workers' Comp

The Idaho Industrial Commission has filed a lawsuit against a former state lawmaker from northern Idaho over unpaid workers' compensation ...

Electrical Problem Caused $1 Million Vegas Fire

Clark County fire investigators have ruled the fire that caused an estimated $1 million at a medical building in Las Vegas was an accident. ...

Washington Man Gets $1,103 Speeding Ticket in Oregon

A Washington state man has a hefty speeding ticket to pay after getting clocked at 130 mph on his new motorcycle in central Oregon. ...

Bill to Fix California Surplus Lines, LLC Contractors Law Thriving

As a horde of bills that's introduced each year wends their way through both houses of California's Legislature, a few people in the ...

Jail For Washington Man Faking Work Injuries For Drugs

A Washington man thought he found the perfect way to get prescription narcotics - go to a hospital claiming to be in pain due to a work ...

Insurance Inc. Opens Second Location in Southern California

Insurance Incorporated has opened an office in Upland, Calif. to serve business owners and consumers located in San Bernardino County and ...
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International

Budget Cuts Worry Bird Flu Experts

The World Health Organization's ability to police the new strain of bird flu that has killed 27 people in China is being jeopardized by ...

Prudential Committed to UK As Asia Units Rise

Insurer Prudential has reaffirmed a commitment to its British home market as a source of financial strength and profit even as Asian units ...

XL Group to Offer Shariah Complaint Insurance Coverage

XL Group has launched Shariah compliant insurance cover for large corporate and middle market clients. Initially it will focus on property ...
Sponsored Content

American Claims Management Continues Expansion in Southeast

San Diego, CA, 05/08/13 - American Claims Management, Inc. (ACM), a national third party administrator with claims ancillary services, is ...

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Insurance Journal TV

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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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Greenberg's View: Finite Reinsurance

The cornerstone of former New York Attorney General Eliot Spitzer's campaign against AIG and...

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New Discussions in the Forums

firefighting crew
Posted: Wed May 8 -- I have a new client (prospect) that owns two wildfire fire trucks, each with a trained crew of five firefighters. They contract out for fire... Swymmer
Freight Forwarding GL in CA
Posted: Tue May 7 -- Need gl for freight forwarding business in Ca Smaller act. SALES AT $200000 Thanks Trotter trotter
Hotels in Ca
Posted: Tue May 7 -- I would check with Sequoia & State National justthere
Acord eForms - TAM
Posted: Mon May 6 -- Hi All, Is there any way to download Acord eForms without having to pay an additional access fee? We pay to use Applied (TAM) and their... californiadude
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
Better Comparative Rater than FSC?
Posted: Thu May 2 -- Hello Shiftins, You may try QQ Solutions. QQ Evolution the agency management system has a two way integration with FSC. This integrations... heretohelp

Reader Comments

Administration Shortens Health Care Application
Posted: Wed May 1 -- There anticipated enrollment will be a huge disapointment as the majority of uninsured are there by choice. The enrollment will be those who... Skeptic
Contaminated Ground Turkey Found in 21 States: Consumer Reports
Posted: Wed May 1 -- And, the 21 states are.....?? Patti Cake in the East
Buffett Says Berkshire to Be 'Significant Factor' in Commercial Insurance
Posted: Mon May 6 -- I read elsewhere that this new BH operation was mainly E&S. This story either missed that key point, or the other report I read was... Capital Allocation Charlie
Liberty Mutual Q1 Profit Falls 31% to $318M Amid Investment Losses
Posted: Fri May 3 -- hold on... Liberty Mutual invested more than a billion dollars in the good faith and credit of Hugo Chavez? ExciteBiker
N.J. Law Requires Insurers to Provide 1-Page Summary of Homeowners Coverage
Posted: Tue May 7 -- Great intent. Poor execution. There is a reasons that policies are not one page. For years people have been told, warned, heard it reported,... jtownagent

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