Friday, June 14, 2013

Daily Headlines: Friday, June 14, 2013

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Insurance Journal Daily Headlines
June 14, 2013
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Today's Headlines

National

Small Health Insurers Assuming Big Role In Many States Under Obamacare

When the state of Mississippi begins offering subsidized health insurance under President Barack Obama's reform law this year, residents ...

11 U.S. Weather Disasters in 2012 Cost More Than $1 Billion Each

The U.S. suffered 11 weather and climate disasters last year that caused more than $1 billion in damage each and killed more than 300 ...

Opponents Doubt Savings Promised By Farm Bill

A drop in the price of corn, rice and other crops may trigger so much additional aid to farmers under a bill being considered by the U.S. ...

U.S. Sues BMW, Dollar General Over Use of Criminal Records in Hiring

The Equal Employment Opportunity Commission filed lawsuits this week against discount retailer Dollar General Corp. and a BMW manufacturing ...

Most Insurance Agencies Say Technology Helped Fiscal Growth: Survey

The majority of insurance agencies (77 percent) directly attribute their fiscal growth during 2012-2013 to the use of technology, according ...

Berkshire Hathaway Specialty Insurance Now Open for Business

Berkshire Hathaway's Berkshire Hathaway Specialty Insurance, its recently formed commercial property casualty insurance group, has ...

From MyNewMarkets.com Insurers Cautiously Optimistic About Community Banks

Carriers' confidence is slowly being restored in the community banking segment as bank failures dramatically decrease and fewer banks are...
Carrier Management

How to Manage Workaholics

Workaholics tend to live in extremes, with great job satisfaction and creativity on the one hand and high levels of...
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East

NYC Resiliency Task Force Urges Raised Homes, Toxic Material Safety

New York City's buildings would be required to provide drinking water in common areas and have exterior plugs for temporary generators ...

Insurance to Cover Vehicles Damaged in Shootout With Boston Bombing Suspects

Watertown police say the town's insurance company has agreed to cover the cost of replacing three department vehicles peppered with bullet ...

Owner Sentenced in Fishing Boat-Sinking Scheme in New Jersey

A southern New Jersey fishing boat owner has been sentenced to nearly four years in prison for his role in a botched scheme to sink the ...

Massachusetts Health Insurer Ends Coverage of Compounded Drugs

The second largest health insurer in Massachusetts has announced that it will no longer cover specialty medications known as compounded ...

N.Y.'s Call for Moratorium on Life Insurance Captives Questioned by NAIC

National Association of Insurance Commissioners President Jim Donelon questioned the need for a countrywide halt on approvals of captive ...

Ryan Specialty Group's ThinkRisk Announces New Hires in Northeast

Ryan Specialty Group's ThinkRisk Underwriting Agency announced three new hires in its Northeast offices: Jonathan Koppel, Katie Duff and ...
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Midwest

Midwest Pelted With Rain, Wind, Hail, Tornadoes

A massive line of storms packing hail, lightning and tree-toppling winds rolled through the Midwest on June 12 in the evening, driving ...

Kansas City-Area Insurance Exec Seeks GOP Nod for Commissioner Post

A certified public accountant from Leawood who's also an insurance industry executive has launched a campaign for the Republican nomination ...

Sentry Insurance Adds Sanders as Chief Financial Officer

Sentry Insurance, a mutual company in Stevens Point, Wis., announced that Carol Sanders will join Sentry in July as executive vice ...

Ohio May Allow Car Insurance Proof by Smartphone

Ohio drivers could provide required proof of insurance using smartphones rather than the typical printed card under a proposed change in ...
Southeast

Tennessee Tightens Regulations on Compounding Pharmacies

The Tennessee Board of Pharmacy said it has adopted new regulations for compounding pharmacies licensed by the state following recent ...

South Carolina Woman Sues Bail Firm, Alleges Tracking Device Failed

A woman says a North Charleston, S.C. bonding company failed to monitor a 25-year-old man who sexually assaulted her while wearing one of ...

Olson Takes Over As President of Georgia Independent Agents

Betsy K. Olson was installed as president of the Independent Insurance Agents of Georgia Inc. (IIAG) during the association's recent annual ...
South Central

1 Dead in Blast, Fire at Louisiana Chemical Plant

One person was killed as the result of an explosion and fire at a chemical plant in Geismar, La. on June 13 The Times-Picayune reported ...

Sawyer Insurance Agency Merges with Higginbotham in Dallas

Higginbotham announced that Sawyer Insurance Agency has merged with its Dallas office. Sawyer Insurance in Richardson, Texas, has been ...

Jenns Named President of Austin, Texas-Based Service Group

Service Group, based in Austin, Texas, announced it has named Martin Jenns as its new president. The company also announced the retirements ...
West

Wrongful Death Lawsuit Against Utah Police Agency

The family of a young woman fatally shot by West Valley City police has filed a wrongful death lawsuit against the officers involved and ...

Colorado County Pays $30K To Settle Jail Suicide Suit

Elko County has agreed to a $30,000 settlement with the estate of a 49-year-old Colorado man who hanged himself at the county jail while ...

Alaska Police Officer's Distracted Driving Trial Begins

An Iraq veteran is suing the municipality of Anchorage for damages suffered when a police officer ran a red light and crashed into his ...

Colorado Wildfire Destroys At Least 360 Homes

A wildfire in Colorado has destroyed at least 360 homes, topping last year's record-setting Waldo Canyon Fire in a nearby wooded area that ...

White & Co. Taps New Vice President, Producer

Santa Monica, Calif.-based White & Company Insurance Inc. has promoted Dane Lupe to assistant vice president. White & Company Insurance ...
International

PCI States Position on International Regulatory Standards after House Hearing

The Property Casualty Insurers Association of America (PCI) issued a statement following the conclusion of Wednesday's hearings by the ...

Allianz Estimates Its European Flood Losses at 350 Million Euros

Allianz SE, Europe's biggest insurer, said preliminary estimates show its net losses from the flood claims in Germany, Austria and part of ...

Report Warns G8 of Stealthy Surge in Protectionism

Major economies competing to restore export-led growth are stealthily imposing more protectionist measures than at any time since the ...

ACE Appoints Martinez to Lead Latin America Surety Operations

The ACE Group announced the appointment of Arturo Martínez as Vice President of Surety in Latin America and Director General of ACE ...

Ratings Roundup: AM France, Arab Orient, Gulf Insurance Co.

A.M. Best Europe - Rating Services Limited has upgraded the financial strength rating to 'A' (Excellent) from 'A-' (Excellent) and issuer ...
Insurance Journal Blogs

Shortcuts to Social Media: Top 4 Resources for Agents

The following article is a guest post by InsuranceJournal.tv contributor Rick Morgan, chair of the Agents Council for Technology (ACT) Web ...

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Insurance Journal TV

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Agency Pay - Is It Time for a Change?

Jason Cass, chair of the Independent Agents & Brokers of America's Young Agents Committee, and...
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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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New Discussions in the Forums

Start up cost for a new agent
Posted: Thu Jun 13 -- Thanks, Yes , I want to have a website that will do both bring me leads and serve my clients( claim posting, payments, changes request) .... manny79
GL for operation renting out Zorbs?
Posted: Thu Jun 13 -- You should check these guys out... KHoney
Ohio Looking for a market, 8 Trucks pulling RVs
Posted: Wed Jun 12 -- Hello, I have an account that I am trying to place. The company hires owner operators to haul RVs from Ohio to Canada. They have hired 8... DIG2013
Course of Construction for non licensed contractor
Posted: Tue Jun 11 -- This might be out of left field... But it could work. What if the owner/builder hires a GC to come in and supervise the builder/project,... californiadude
Workers Comp (Ca) Auto Repair with large loss
Posted: Tue Jun 11 -- Hi Paul, I think this one is probably best with SCIF for now. Unfortunately it's the triple whammy of non-renewal, large loss, and newer... californiadude
Garagekeepers Coverage - Florida Account
Posted: Tue Jun 11 -- Unfortunately, no one wins in this situation. My advice is to stay away from Legal Liability when writing GKL. Direct Primary is the way to... californiadude
CPCU Question and advice
Posted: Tue Jun 11 -- Hi - I have a couple of questions that I have been mulling over for a while and thought I would 'put it out there' to get some advice. I am... Beaker
insurance metal homes
Posted: Fri Jun 7 -- Retired1- The company I work for find these homes ineligible due to the inability of determining a proper reconstruction cost (estimators... Companyman
How to obtain release of liablity
Posted: Wed Jun 5 -- What a great question for a family law attorney! People who seek legal advice from an open internet forum generally get what they pay for.... d's insurance store

Reader Comments

Florida Governor Vetoes Immigrant Driver License Bill
Posted: Mon Jun 10 -- Captain, just because Obama has not been tied to any of these scandals directly, you have to be an idiot to think he is really that... draetish
Hands-Free Voice Messaging Behind Wheel More Dangerous Than Phoning: Study
Posted: Wed Jun 12 -- Gee........ya think? Until ALL cell phone usage is banned while the car is moving, this will simply worsen. Driving while texting/talking... Scott
San Francisco Sues Gun Companies Over High-Capacity Magazines
Posted: Wed Jun 12 -- If you read the opinion of the AG's office there is nothing wrong with what these folks are doing. The crime would be for the purchaser of... When will it stop
Senate Passes Crop Insurance Bill; House Fight Over Food Stamps Next
Posted: Tue Jun 11 -- Really - $8,000 a month?? There isn't a state in the country that will give a family of 4 $8000 a month in food stamps. $800 a month maybe... Shari Lewis
Fracking Companies Silence Water Complaints With Sealed Settlements
Posted: Mon Jun 10 -- Well James, most likely he doesn't move because who would buy a house with that outside? Same reason home values plunge when fracking moves... Tristan

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