Friday, June 21, 2013

Daily Headlines: Friday, June 21, 2013

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Insurance Journal Daily Headlines
June 21, 2013
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

U.S. House Strikes Down Republican Farm Bill

Republican budget-cutters joined Democratic defenders of food stamps on Thursday to deal a shocking defeat to the $500 billion farm bill ...

Big Business the Winner in U.S. Supreme Court Class Actions

In a series of rulings this year, the U.S. Supreme Court has steered a consistent course against consumers or small businesses that want to ...

Hospitals Paid More For Surgeries On Injured Workers: Report

A 16-state study shows that in half of the study states hospital outpatient payments for shoulder surgeries in workers' compensation were ...

Positioning with Companies as the Market Changes

A huge amount of press has been devoted to how important price is to insurance buyers -- and it clearly is. But this is not specific to ...

Regulator Says U.S. Should Review Practices of 'Patent Trolls'

The U.S. Federal Trade Commission should gather information about the business practices of "patent assertion entities," known as patent ...

Aon Acquires Dempsey Partners

Aon Global Risk Consulting, the risk consulting business of Aon plc acquired the assets of Dempsey Partners, a provider of claims ...

XL Launches Wage & Hour Liability Insurance Coverage

XL Group's Bermuda Professional Lines Unit has launched a new insurance product to specifically address the needs of Fortune 500 companies ...

CNA's Fortin Latest Industry Exec to Join Berkshire Hathaway Specialty Insurance

Berkshire Hathaway Specialty Insurance officially announced the appointment of Dan Fortin as senior vice president, executive and ...

From MyNewMarkets.com 10 Things to Know About Entertainment, Sports & Special Events

 The average cost of a wedding in 2012 was $25,656 (Travelers)  The average wedding insurance premium for a $25,000 wedding ranges from...
Carrier Management

It's Not About AIG, Says Berkshire's Peter Eastwood

When a veteran of CNA joined Berkshire Hathaway Specialty Insurance to lead the new venture's professional liability...
ISO's New CGL and AI's: Trap or Treat? - Join Academy of Insurance for this 1-hour webinar - click here to register
East

Industry Group Opposes Massachusetts Proposal to Set Auto Labor Rates

The National Association of Mutual Insurance Companies is opposing bills currently under consideration in Massachusetts that would require ...

Virginia SIU Investigator Wins Award for Work on Staged Accident Case

A staged accident investigation in Roanoke, Va., led to an award for a Nationwide Insurance special investigator. Suzy Clingman-Taylor was ...

Group Applauds New York Assembly for Resolution Urging TRIA Extension

An insurance industry association is applauding the New York Assembly for adopting Resolution K611-2013, urging the New York State ...

Aspen Re Taps Swiss Re Exec to Lead U.S. Business Development in Connecticut

Aspen Reinsurance, the reinsurance segment of Aspen Insurance Holdings Limited, appointed Tom Luning as head of U.S. regional business ...
Midwest

Missouri Warns of Phony Market Conduct Information Requests

The Missouri Department of Insurance reported that its Market Conduct Section has been contacted by multiple insurance company ...

Church Mutual Insurance Hires Names as Chief Information Officer

Scott Names has been hired as vice president -- chief information officer (CIO) at Merrill, Wisc.-based Church Mutual Insurance Co. Former ...

Amerisure Recognizes Elite Group of Employees

Amerisure Mutual Insurance Co., of Farmington Hills, Mich., has named its top-performing employees. The following employees were honored at ...
Southeast

North Carolina Enacts Captive Insurance Bill

A recently enacted bill in North Carolina will permit, for the first time, the creation of captive insurers based in the Tar Heel State. ...

Tennessee Conference Focuses on Workers' Compensation Changes

Changes to the state's workers' compensation system is the focus of the Tennessee Workers' Compensation Educational Conference this week. ...

S.C. Sheriff's Office Settles Lawsuit; Insurance Reserve Fund to Cover Costs

The York County sheriff's office in South Carolina has reached a settlement with the family of a pedestrian struck and killed by a deputy's ...
South Central

Relationships, Expertise Drive Success in Texas E&S Marketplace

During the past 20 to 30 years typical business dealings between wholesale insurance brokers and retail agents have evolved from being ...

Bus Company Owner Faces Charges from Fatal 2008 Texas Crash

The owner of a Houston bus company has been indicted on federal charges stemming from the 2008 Texas crash that killed 17 people on their ...

More than 56K Tons of Debris Cleared in Moore, Oklahoma

More than 56,000 tons of debris have been removed from the 19 neighborhoods in Moore, Okla., that were affected by the deadly tornado that ...

Texas Tops U.S. in Number of Lost, Stolen Firearms

Federal authorities say Texas has far and away the largest number of firearms in the U.S. reported as lost or stolen. The Bureau of ...
Sponsored by: Insurance Journal. The Texas Issue. Articles Exclusively for Agents, Brokers, MGAs and Wholesalers in the Lone Star State. Click here for more information.
West

Southern California Man Sues Costco Over Hepatitis A Outbreak

A Burbank man has sued Costco, claiming he got hepatitis A from frozen berries that have been linked to illnesses in eight states. City ...

$4.2M Payout OK'd In LAPD Mistaken ID Shooting

The Los Angeles City Council has agreed to pay $4.2 million to two women whose truck was shot up by police during the manhunt for ...

Ex-workers Sue Over Pay on Oregon Public Projects

Former workers on public projects say in a federal court suit in Eugene, Ore. they were underpaid and have asked for more than $3.5 ...
International

India Searches for Flood Survivors as Death Toll May Rise

Flash floods triggered by torrential rain in northern India may have killed hundreds of people, a government official said, as the armed ...

The Many Faces of Terrorism; an Expert's Analysis from Aon Benfield

"The recent attacks in London, Paris and the Boston marathon bombing are evidence that terrorists are resorting to simpler tactics," said ...

CEOs Urge Russia President to Seek More Open Trade Ahead of G20 Summit

CEOs from the G20 Advisory Group of the International Chamber of Commerce (ICC) met in Saint Petersburg with more than 400 other business ...
Insurance Journal Blogs

Texas Wind Pool Wants $500 Million Loan from the State

On Tuesday, the board of the Texas Windstorm Insurance Association agreed to explore additional funding options, after the Legislature was ...

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Insurance Journal TV

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Geneva Association's Secretary General John Fitzpatrick on Systemic Risks, Nat Cats, ILS and Cyber Risks

The Geneva Association's studies and reports are now an important part of the dialogue between...
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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

brokers with access to trucking insurance?
Posted: Thu Jun 20 -- I have markets that can write the gl and comp. Can write a 3yr. guaranteed policy on the work comp CYNTHIA CPRO
Workers Comp (Ca) Auto Repair with large loss
Posted: Thu Jun 20 -- Dear Paul, I have markets that would possibly quote your insured. The minimum premium with all our markets is 15,000. If you are interested... CYNTHIA CPRO
Question regarding my universal life insurance policy !
Posted: Thu Jun 20 -- I am 50% agree with that. That's the reason why you have an insurance agent, you want to have an agent that can be there not just to sell... manny79
Texas Commercial Auto
Posted: Thu Jun 20 -- Looking for a home for hard to place commercial auto. Client is a Realtor and wants to purchase a boxvan and put their logo on the unit with... JohnnyLaw
How to obtain release of liablity
Posted: Thu Jun 20 -- "What a great question for a family law attorney! People who seek legal advice from an open internet... janesc
Ohio Looking for a market, 8 Trucks pulling RVs
Posted: Wed Jun 19 -- You may wish to try Nationwide or Victoria Insurance; both write standard & non-standard commercial transportation. insurancepro2
Garagekeepers Coverage - Florida Account
Posted: Mon Jun 17 -- Let's imagine one of the car owners hires a lawyer and takes the auto garage to court. A judge declares the garage responsible (legally... darnovak
Course of Construction for non licensed contractor
Posted: Mon Jun 17 -- You can easily find GL for an owner/builder with Markel/Essex. Understand we are only interested if he is building his own home. Meytai,... LadyBroker
CPCU Question and advice
Posted: Mon Jun 17 -- I cannot say if the CPCU will "move my career on", but it certainly will not hurt and can only help. Placing E&S is a difficult business and... gdsmack

Reader Comments

Philadelphia Building Inspector Kills Self After Deadly Collapse
Posted: Mon Jun 17 -- How does someone making $60k afford a $500,000 house??? Libby
White House Threatens Veto of Farm Bill Over Food Stamp Cuts
Posted: Tue Jun 18 -- Tim, it's no use - your facts don't fit the narrative. Don't get in the way of the talking points with your accuracy. Besides, America was... Captain Planet
Small Health Insurers Assuming Big Role In Many States Under Obamacare
Posted: Fri Jun 14 -- Good one Sarah. All but the most ardent supporters all see the oncoming train wreck. Congressmen are now saying they and staff need a break... Agent
Wrongful Death Lawsuit Against Utah Police Agency
Posted: Fri Jun 14 -- Sorry, if I am trying to arrest you and you try and run me over with your car, I will shoot you too. Probably saved the taxpayer a whole... Compman
FEMA Denies Texas Aid to Rebuild Town After Fertilizer Blast
Posted: Fri Jun 14 -- And don't get me started on the hypocrisy... Libby

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June 17, 2013
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