Friday, June 28, 2013

Daily Headlines: Friday, June 28, 2013

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Insurance Journal Daily Headlines
June 28, 2013
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Obama Administration Issues Contraceptive Rule For Faith-Based Employers

The Obama administration on Friday issued its final rule requiring health insurance coverage of contraceptives for the employees of ...

P/C Insurers Question Need for Insurance Accounting Overhaul

The biggest overhaul of insurance accounting in 30 years advanced a step on Thursday with the release of a proposal that some insurers fear ...

Court Grants Scientific Article Authors, Publishers Broad Protection

Authors and publishers of controversial scientific articles, and the companies sponsoring those articles, won broad free speech protection ...

Hobby Lobby Wins Round in Fight Against Contraceptive Coverage

Arts and crafts chain Hobby Lobby may be entitled to an exemption from a requirement in President Barack Obama's 2010 healthcare overhaul ...

Guy Carpenter Launches New Mutual Company Specialty Practice

Guy Carpenter & Co., LLC, a global risk and reinsurance specialist and member of Marsh & McLennan Cos. have launched Mutual Company ...

Video FeatureHow Carriers, Agents Can Adapt As Small Commercial Buyers Move Online

About 52 percent of America's small business insurance customers say they are ready to complete their commercial insurance purchasing ...

From MyNewMarkets.com EPIC, Dowling Capital Form Protector Holdings to Capture Hispanic Market

As the Hispanic and Latino populations continue to grow, so should the insurance company options available to them. That is the thinking of...
Carrier Management

U.S. Workers Love-Hate Their Smartphones While On Vacation: Harris Poll

More than half of U.S. workers would prefer a root canal than to work during vacation, but they cave in to bosses'...
Impact of ISO's CGL and AI changes - Join Academy of Insurance WEDNESDAY for this 1-hour webinar - click here to save your spot
East

Bethesda, Md., Ranked as Most Secure Metro Area in Farmers Insurance Study

The Bethesda-Gaithersburg-Frederick region in Maryland was ranked as the most secure large U.S. metro area in the latest study published by ...

N.J. Toughens Penalties for Texting, Talking on Hand-Held Device While Driving

New Jersey is stiffening the penalties for motorists who use handheld cellphones to talk or text. A bill signed into law Thursday increases ...

Liberty Mutual Expands Home Office in Boston With Ribbon Cutting Ceremony

Liberty Mutual Insurance held a ribbon cutting ceremony today at the company's new 22-story, 590,000 square-foot office building at 157 ...

Irving Weber Associates Names Account Executive in New York

Irving Weber Associates Inc. (IWA Inc.) appointed Sharon Handel as account executive. In her new role, she will focus on dry cleaning ...

N.Y. Attorney General Announces Conviction in Multi-Million Dollar Insurance Scheme

New York Attorney General Eric Schneiderman announced this week the felony conviction of an insurance fraudster who scammed no-fault ...

Boston-Based Risk Strategies Co. Sells Majority Stake to Kohlberg & Co.

Risk Strategies Company (RSC), a Boston-Based insurance and benefits brokerage and risk management firm, announced that private equity firm ...
Midwest

Toledo Rebate to Hire Extra Firefighters with Work Comp Rebate

Toledo is using an unexpectedly big rebate from the Ohio Bureau of Workers' Compensation to increase the size of its fire department. Ohio ...

Ohio Road Signs Smash Into Cars; State Seeks Cause

The Ohio Department of Transportation is investigating how three signs posted above a Cleveland-area highway smashed into traffic during ...

Flooding Damages Homes in Southwestern Wisconsin

Several days of heavy rains caused flooding that damaged hundreds of homes in southwestern Wisconsin, and officials in some communities ...

Iowa Court Reconsiders Firing of 'Irresistible' Assistant

A dental assistant fired because her boss thought she was too attractive has won a rare reconsideration by the Iowa Supreme Court on her ...

Former North Dakota Insurance Agent Gets 10 Years for Theft

A former Dickinson, N.D., insurance agent convicted of stealing tens of thousands of dollars from a client has been sentenced to 10 years ...
Southeast

Florida's Citizens Seeks 6.6% Home Rate Hike; Cap on Sinkhole Rates in High-Risk Areas

Florida's state-backed property insurer requested a statewide average 6.6 percent increase in homeowners' rates along with a cap on ...
South Central

MHBT Acquires Wells Fargo Insurance Office in Texas

Dallas, Texas-based MHBT Inc. has acquired Wells Fargo's insurance brokerage operations in Lubbock, Texas. The deal includes all operating ...

Deadline for Louisiana Sinkhole Buyout Talks Extended

Nearly half of the eligible residents and families directly affected by a Bayou Corne, La,-area sinkhole induced by a Texas Brine Co. salt ...

Agency Investigating Plant Blast Finds Lax Chemical Regulation

A federal agency investigating a deadly explosion at a Texas fertilizer plant will tell a Senate committee that regulation of the dangerous ...

Texas Fire Review Panel Flags Work in 2 Cases

A Texas fire review panel flagged two quarter-century-old arson cases, saying investigators were mistaken in finding that the defendants ...

Report: Louisiana Plant Explosion Released Toxic Chemicals

The deadly June 13 explosion and fire at the Williams Olefins chemical plant in Geismar, La., released more than 62,000 pounds of toxic ...
West

New Mexico Current Insurance Regulator To Remain In Office

State Insurance Superintendent John Franchini was selected to remain as New Mexico's top insurance regulator when his office becomes an ...

San Francisco Paper Sues Rival Over Low Ad Rates

The San Francisco Examiner has filed a lawsuit alleging that the city's dominant daily newspaper, the San Francisco Chronicle, has slashed ...

Study: California Low-Wage Workers Cheated Of Awards

A new study says thousands of low-paid California workers were cheated out of money they won against employers who broke the law. The ...

Weather Service Confirms Modest Oregon Tornado

A National Weather Service spokeswoman says a modest tornado did indeed touch down near the tiny Oregon town of Birkenfeld in the North ...
International

Tepco Will Not Pursue Compensation from GE, Other Suppliers Over Nuclear Disaster

Tokyo Electric Power Co. shareholders rejected a proposal to look into pursuing claims for compensation against companies that supplied ...

Alberta Farms Avoid Widespread Damage from Worst Flood on Record

Damage to farmland in southern Alberta is not "widespread" after the region's worst floods on record, according to Katrina Bluetchen, a ...

U.S. Suspends Trade Benefits for Bangladesh Over Workplace Safety

President Barack Obama on Thursday cut off longtime U.S. trade benefits for Bangladesh in a mostly symbolic response to dangerous ...
Impact of ISO's CGL and AI changes - Join Academy of Insurance WEDNESDAY for this 1-hour webinar - click here to save your spot


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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

Agency Management System
Posted: Wed Jun 26 -- I am an agent doing primarily commercial auto and trucking. We are using a system called NowCerts.com We love it. Mainly because it costs us... RigQuote
New independent agency
Posted: Tue Jun 25 -- E&O was the hardest thing for me to do as a start up (besides appointments). It can cost a new agency like $2000+ I say start looking there. shiftins
Question regarding my universal life insurance policy !
Posted: Mon Jun 24 -- Do you still need life insurance? How old are you? How much life insurance do you need? For how long? Are you healthy? Would Term Life... yoyowordup
How to obtain release of liablity
Posted: Fri Jun 21 -- what type of liability you are talking about? auto, home insurance? Remove her from your policy since you divorced and let her to get her... pecosins
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
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
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

Reader Comments

Supreme Court Limits Workplace Harassment, Retaliation Claims
Posted: Wed Jun 26 -- Biker: I humbly disagree with you on the latter part of your post. There is indeed a shortage of women in these roles considering the number... Libby
U.S. House Strikes Down Republican Farm Bill
Posted: Tue Jun 25 -- Great post- bob Sargeant Major
Appeal Planned On Arizona Immigrant License Policy
Posted: Fri Jun 21 -- Don't you love how they say they are immigrants. They are not. They are people that broke into our country. No different than someone... Baxtor
Oregon Sued Over Foster Abuse In Salem Home
Posted: Wed Jun 26 -- And if these attorneys were REALLY concerned about their clients, they'd take a base fee so most of the potential award actually goes to the... Scott
Senate Leader Reid Rules Out Extending Current Farm Law
Posted: Tue Jun 25 -- Another Congressional pissing match with the American people stuck in the middle. Libby

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June 17, 2013
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