Monday, June 10, 2013

Daily Headlines: Monday, June 10, 2013

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Insurance Journal Daily Headlines
June 10, 2013
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Travelers Eyes Canada Growth with $1.1B Acquisition of The Dominion

The Travelers Companies Inc. said it has agreed to acquire The Dominion of Canada General Insurance Co. from E-L Financial Corp. Limited ...

Fracking Companies Silence Water Complaints With Sealed Settlements

Chris and Stephanie Hallowich were sure drilling for natural gas near their Pennsylvania home was to blame for the headaches, burning eyes ...

Chrysler's Recall Refusal of 2.7M Jeeps Could Invite Major Liability

A defiant Chrysler is refusing to recall about 2.7 million Jeeps the government says are at risk of a fuel tank fire in a rear-end ...

NCAA Adds $10M to Injured Players' Insurance Fund

The NCAA will spend more than $10 million to help fund additional in-home care for college athletes who have suffered catastrophic injuries ...

From MyNewMarkets.com E&O Insights: Restaurant and Tavern Risks

Chances are just about every town in the United States has a restaurant, tavern or pizza parlor. Pursuing this type of risk, then, is...
Carrier Management

*Encryption: What's The Big Secret

OneBeacon's Technology Risk Control Officer Tushar Nandwana provides the basics of...
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East

A New Threat for Hardest-Hit Sandy Victims: Soaring Flood Insurance Costs

George Kasimos has almost finished repairing flood damage to his waterfront home in New Jersey, but his Superstorm Sandy nightmare is far ...

Brown & Brown Announces Asset Acquisition of Rollins Agency in New York

Brown & Brown of New York Inc, a subsidiary of Brown & Brown Inc., said it acquired certain assets of The Rollins Agency in Rye Brook, N.Y. ...

Maine Highway Deaths Down From 2012

Highway safety officials say traffic deaths are down in Maine. The Maine Bureau of Highway Safety says 42 people have died on Maine roads ...

Private Equity Firm LLR Partners Hires Senior Associate in Philadelphia

Philadelphia-based private equity firm LLR Partners recently hired Matthew Streisfeld as a senior associate to lead the firm's investments ...

N.Y. Scrutinizing Sandy Rebuilding Contracts for Potential Overcharges

New York State Comptroller Thomas DiNapoli is examining the billions of dollars being spent to rebuild after Superstorm Sandy a month after ...
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Midwest

Indiana BMV Warns of Inappropriate Insurance Offers

The Indiana Bureau of Motor Vehicles is warning Hoosier motorists that someone is making inappropriate phone solicitations regarding ...

14 Insurers File to Be on Michigan Health Exchange

Fourteen health insurance companies have filed to offer plans through a new Michigan insurance market being created under the federal ...

Illinois Lt. Governor: Cities Should Consider Assault-Weapons Bans

Lt. Gov. Sheila Simon is urging Illinois communities to consider banning assault-style weapons before new legislation is signed that could ...

Meteorologists: 9 Twisters Part of Missouri, Illinois Storm System

The National Weather Service says storms that last week ravaged the St. Louis area and portions of neighboring Illinois spawned nine ...
Southeast

Drug Maker to Pay $4M Oxycontin Settlement in Kentucky County Claim: Report

An eastern Kentucky official has announced a settlement in a lawsuit over the drug OxyContin. The Appalachian News-Express cited a ...

Clinton to Honor Kentucky Tornado-Ravaged Town's Rebuilding Effort

A rebuilding effort in an eastern Kentucky town devastated last year by tornadoes is getting some national recognition. WYMT-TV reported ...

North Carolinian on 'Price Is Right' Pleads to Workers' Comp Fraud

A U.S. Postal Service employee from eastern North Carolina who was seen spinning the Big Wheel on TV's "The Price Is Right" even though she ...
South Central

Oklahoma Lawmakers to Revive Lawsuit Limits

Oklahoma lawmakers will again consider legislation setting limits on lawsuits and making it easier to dismiss those that don't have merit ...

Officials: Oklahoma Tornado Damaged Vehicles Must Be Moved

Officials in Moore say vehicles that have been abandoned since being damaged by the May 20 killer tornado that struck the Oklahoma City ...

New Insurance Commissioner to Address Texas Insurance Symposium

Julia Rathgeber, newly appointed Commissioner of the Texas Department of Insurance, will speak at the 21st annual Mid-Year Property and ...
West

Washington Farmers Sue Monsanto Over GMO Wheat

Two wheat growers in Washington state have filed suit against Monsanto over the unauthorized release of genetically modified wheat. The ...

Sierra Club Sues BNSF Over Coal Dust From Trains in Washington

The Sierra Club is suing Burlington Northern Santa Fe in federal court in Seattle over coal dust that blows off trains into Washington ...

Nuclear Down-Winder Hopes For Settlement

Jacklyn "Jackie" O'Neil grew up in Washington's Spokane Valley drinking milk from her family's backyard cow. Decades later while working in ...

San Onofre Nuclear Power Plant in Southern California to Close

The troubled San Onofre nuclear power plant on California's coast is closing, after a 16-month battle over whether the twin reactors could ...
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International

Hungary Contains Danube Flooding as German Dikes Bursts on Elbe

Hungary was set to contain the Danube river from overflowing in Budapest while the economic toll grew in eastern Germany, where thousands ...

PERILS Provides Satellite Flood 'Footprints' for Central Europe

PERILS AG, the independent Zurich-based company that provides industry-wide catastrophe insurance data, announced the release of ...

XL Group Launches New Online Platform 'Fast Fast Forward' for Risks

XL Group announced the launch of "Fast Fast Forward," which it described as a "new online platform for commentary, news and tools to ...

HCC International Names Button London Market Chief Underwriting Officer

HCC Insurance Holdings announced the promotion of Simon Button to Chief Underwriting Officer for HCC International Insurance Company PLC ...
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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

Course of Construction for non licensed contractor
Posted: Fri Jun 7 -- My customer is building his own home. he doesn't have a license to build.. who can insure that? Home is %15 built meytai
Garagekeepers Coverage - Florida Account
Posted: Fri Jun 7 -- Florida Account Coverage - Garagekeepers written comp and collision , legal liability basis. Lot was secured. Have a claim where vandals... garageinsurance fan
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
Workers Comp (Ca) Auto Repair with large loss
Posted: Wed Jun 5 -- We have an auto repair prospect being non-renewed at the beginning of July from his current carrier. The business has been operated by the... PaulN
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
Standard Non-Compete
Posted: Tue Jun 4 -- Yes, you can get it from an attorney specializing in contract law. Any other non-compete agreement that is not State Specific, Industry... yoyowordup
Workers Comp TX Oilfield Service Contractor
Posted: Tue Jun 4 -- Thanks John B Clinton, I did place the coverage through Midwest Insurance Company. Will keep your referal for future. Thanks again. JohnnyLaw
24 Hour CA Restaurant
Posted: Mon Jun 3 -- How would we make that work? Possible split commission? Send me you contact info and we can talk about the possibility. Thank you. mce23
QuickBooks
Posted: Mon Jun 3 -- I've been thinking about using quick books for my agency. Can anyone comment on how well it works for managing payroll (1099 and W-2). shiftins

Reader Comments

Motorcycle Injuries Rise After Helmet Laws Weakened: Study
Posted: Wed Jun 5 -- How about if the person not wearing a helmet is then excluded from recovery of Social Security disability and Medicaid if the injury is... ABYZ
Philadelphia Building Collapse Leaves 6 Dead, 14 Injured
Posted: Thu Jun 6 -- Many thanks to the people on scene at the time of the collapse who rushed to action, helping dig out people before the professional rescue... M. Prankster
Coastal Homeowners Upset with Insurers, Regulators Over Surge in Insurance Costs
Posted: Thu Jun 6 -- Anne: Although there are some socialist insurance programs such as Social Security most do not come close to meeting the definition: : any... Why Not
Paterno Family Sues NCAA Over Penn State's Sandusky Fine
Posted: Mon Jun 3 -- In response to your last response, I would suggest that an insurer can't merely ignore this - it will cost them one way or another. AND if... insurance is fun!
FEMA Publishes Latest Data on New Jersey's Sandy Recovery
Posted: Fri Jun 7 -- How about paying back the 60 Billion in relief aid that was so needed but not used? That is what you get when you have a blue state hit by a... Sarah

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