Daily Headlines: Monday, June 17, 2013

Contact us | Subscribe | Send to a Friend

June 17, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Judge Grants Toyota More Time to Win OK of $1.1 Billion Settlement Toyota Motor Corp. and lawyers suing the company were given more time to win final approval of a $1.1 billion settlement of claims that ... AIG Open to New ILFC Offer or IPO as China Group Deadline Extended American International Group Inc. said it is open to new offers for its plane-leasing business and may pursue a public offering of the unit ... Torrance in, Fouché Out as Fireman's Fund President and CEO Andrew Torrance has been named the new president and chief executive officer of Fireman's Fund Insurance Co., succeeding Lori Fouché who ... Best Affirms Ratings of the Members of GEICO and GEICO Corp. A.M. Best Co. has affirmed the financial strength rating (FSR) of 'A++' (Superior) and issuer credit ratings (ICR) of "aaa" of the members ... Freedom Specialty Launches Lease Protection for Property Owners, Managers Freedom Specialty Insurance Co. has launched the Freedom Lease Protection Plan policy, which is designed to indemnify multifamily property ... CFC Underwriting Upgrades Cyber Policy Lloyd's underwriting agency, CFC has made a major upgrade to its flagship cyber and privacy product policy in order to protect customers ... Survey: Nonprofits Unprepared, Under-Insured Against Risks Crystal & Co., a worldwide risk and insurance advisor, has released the results of its Nonprofit Risk Survey, presenting a snapshot of risk ... BP Shareholders Seek Class Action Status for Suit Over Gulf Spill BP Plc's U.S. investors asked a federal court to grant class action, or group, status for their lawsuit claiming the company misled them ... Homeowners Confused About Insurance Coverage: Survey Many homeowners do not understand what exposures are covered under their home insurance policy, according to a new consumer survey. More... P/C Carriers Lag Life Insurers, Brokers On Gender Diversity: University Research Commercial property/casualty insurance carriers and reinsurers have more work to do than life and personal lines... More National News East N.J. to Offer Lifetime Benefits to Spouses of Police, Fire Personnel Killed on Duty In New Jersey, a measure that would provide workers' compensation benefits to spouses of certain deceased fire and police personnel for the ... Con Ed Installing 'Smart Switches' in N.Y. to Limit Power Failures Con Edison's chief executive said on June 14 that the company is installing hundreds of so-called smart switches that can limit the number ... Philadelphia Building Inspector Kills Self After Deadly Collapse A veteran Philadelphia building inspector who apparently committed suicide had inspected the site of a deadly building collapse twice in ... Maine Cancer Patient Gets $200K for Misdiagnosis A Maine man who was told he had only months to live because of an aggressive Stage 4 pancreatic cancer is still alive more than four years ... More East News Midwest More than 63K Insurance Claims so Far from St. Louis Tornadoes The major insurance companies serving the St. Louis area have received more than 6,300 claims from residents with damage from tornadoes ... Survey: Michigan Businesses Confident About Growth The latest Michigan Future Business Index survey of small and midsize business leaders shows unequalled confidence in the state's business ... Electronic Proof of Auto Insurance Coming to Indiana Indiana drivers who have to show proof of insurance to police after an accident or traffic violation can do so electronically starting July ... More Midwest News Southeast Florida Gov. Scott, CFO Atwater Were Told About Heritage Deal with Citizens Florida Gov. Rick Scott -- and other top state officials -- quickly distanced themselves last month from a controversial deal approved by ... Kentucky Coal Mine Discrimination Claim Nearing 'Amicable' Settlement A lawsuit against a western Kentucky coal mine accused of discriminating against black job applicants appears to be nearing a settlement. ... More Southeast News South Central Claims Pros' Own Survival Skills Tested in Oklahoma Tornadoes Michael Pelonero came to Moore to help victims of the May 20th tornado. But he hadn't planned on trying to outrun one. When a massive EF-5 ... Police: 1 Dead, 7 Hurt in 2nd Louisiana Plant Blast A second blast in two days has killed a worker at a south Louisiana chemical plant, just miles from the site where two workers were killed ... 2nd Victim Dies After Blast at Geismar, Louisiana Chemical Plant An explosion and fire at a Louisiana chemical plant claimed a second victim on June 14 as federal authorities were piecing together the ... Oklahoma Commissioner Advises Insurers to Delay Nonrenewals Insurance Commissioner John D. Doak has issued a bulletin to all Oklahoma-licensed property and casualty insurers and insurance producers, ... More South Central News West New Maps Show Less High Ground In Oregon Tsunami New tsunami maps being reviewed in northwest Oregon show there's less high ground than previously thought if residents have to flee the ... Olive Joins RiskPoint Insurance Advisors Portland, Ore.-based RiskPoint Insurance Advisors LLC named Brian Olive director of private client services.  Olive will be based in ... Jury Awards $55M To California Man in Gang Shooting A jury has awarded $55 million to a Southern California man who lost his legs because he claims a private security firm's guard failed to ... Claims Seek Forest Service Payment For 2011 New Mexico Fire The federal government is being asked to cough up more than $60 million for damages from the 2011 Las Conchas fire and subsequent flooding ... Calif. Auto Insurance Down over Quarter-Century, Groups Debate Why The average California auto insurance expenditure fell from 1989 to 2010, while every other state in the nation saw substantial increases ... More West News International EU, U.S. Leaders Launch Free-Trade Talks The United States and the European Union launched negotiations for the world's most ambitious free-trade deal on Monday, promising ... Russia Challenges Consensus Rule at Heart of U.N. Climate Talks It was a historic moment in U.N. climate talks: with most countries in favor and only a group of OPEC members objecting, the German ... Cooper Gay Swett & Crawford Appoint Homer Global Head of M&A Cooper Gay Swett and Crawford (CGSC) announced that Oliver Homer has joined the company, effective as of today, June 17, as Global Head of ... Best Revises Outlook to Positive for ACE Ltd., Most Subs; Affirms Ratings A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength ratings (FSR) of 'A+' (Superior) and ... Best Revises Outlook to Positive, Affirms Ratings of ACE European Group Ltd. Following its ratings report for the ACE Ltd. Group, A.M. Best Europe - Rating Services Limited has revised the outlook to positive from ... More International News Join the Insurance Journal Network Insurance Journal TV Agency Pay - Is It Time for a Change? Jason Cass, chair of the Independent Agents & Brokers of America's Young Agents Committee, and... Watch Now 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... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums 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 Garagekeepers Coverage - Florida Account Posted: Fri Jun 14 -- Californiadude: Of course the car owners could turn it in under their Comp, but why would their insurers try to go back on the garage? After... BKCPCU 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 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 Go to Forums Reader Comments 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 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 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 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 Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue June 17, 2013 Umbrellas - Personal & Commercial; Construction; Environmental; Bonus: The Texas Issue (Special Supplement); Bonus: The Florida Issue (Special Supplement); Quarterly Employee Benefits Brokerage Report More Newsletters Choose Newsletters Daily Headlines Weekly Reader Picks Magazine Update Insurance Journal TV Classifieds Breaking News MyNewMarkets Daily Claims Daily Enter Your E-mail Market Directories Excess & Surplus Markets Programs Workers' Comp Markets New Insurance Jobs Underwriter - Commercial Lines Exclusive Allstate Insurance Agent Director of P&C Operations Audit and Filing Specialist Have a job opening? List it on our Web site. How to Advertise For information about advertising on this newsletter and Insurance Journal magazines, contact Julie Tinney at (800) 897-9965 x148. View our Media Kit for advertising options in our magazines and online properties. Subscribe | Unsubscribe | Send to a Friend | Contact Us Insurance Journal 3570 Camino del Rio North, Suite 200 San Diego, CA 92108 (800) 897-9965 Copyright © 2013 by Wells Media Group, Inc.