Daily Headlines: Thursday, June 27, 2013

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June 27, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Greenberg's $25B Suit Against Government Over AIG Bailout Can Proceed Maurice "Hank" Greenberg can continue his $25 billion lawsuit against the U.S. over losses from the bailout of his former company, American ... Wal-Mart, Gap, Other U.S. Brands Ready $50M Bangladesh Safety Fund: WSJ Gap Inc. and Wal-Mart Stores Inc. are among U.S. retailers finalizing an agreement to establish a $50 million, five-year fund to improve ... Gay Marriage Ruling Boosts Benefits for Many, Leaves Confusion in Some States A U.S. Supreme Court ruling on Wednesday forcing the federal government to recognize same-sex marriage in states where it is legal will ... Law Firms See Rise in Malpractice Claim Frequency, Severity Multi-million dollar payouts for legal malpractice claims are climbing, and so are the total number of claims for law firms, in general. A ... AIR Model Estimates Pandemic Flu Losses Catastrophe risk modeling firm AIR Worldwide (AIR) has released a Pandemic Flu Model, which it says captures the excess morbidity, ... Hartford to Sell U.K. Variable Annuity Business to Berkshire Hartford Financial Services Group Inc. agreed to sell its U.K. variable-annuity business to Berkshire Hathaway Inc. for about $285 million ... 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... Encryption: What's The Big Secret [executive_summary] OneBeacon's Technology Risk Control Officer Tushar Nandwana provides the basics of... More National News East Penn. Mulls Tougher Demolition Rules in Wake of Fatal Building Collapse Pennsylvania's House Republican leaders recently agreed to hold a public hearing on legislation to better regulate the state's demolition ... FEMA Boosts Aid to New Jersey Towns Hit by Sandy The Federal Emergency Management Agency has OK'd a plan to boost aid to New Jersey towns hit hard by Superstorm Sandy. U.S. Rep. Chris ... NJM Donates Driving Simulators to Local New Jersey High Schools New Jersey Manufacturers Insurance Company (NJM), the largest insurer of private passenger vehicles in the Garden State, donated driving ... Ames & Gough Names Senior Broker in Virginia Office Ames & Gough, an insurance broker and risk management consultant serving design professionals, law firms, associations/non-profits and ... More East News Midwest Mercedes-Benz pays $260k in Wisconsin Lemon Law Case Mercedes-Benz USA LLC has paid out another $260,000 in a long-running lemon law case. Attorney Vince Megna sued the company in 2005 on ... Illinois Man Sentenced for Multi-State Auto Theft Scheme A Madison, Ill., man faced jail time after being convicted in for an auto theft scheme that spanned Illinois and Missouri, according to ... Ohio Air Crash Shows Risks, Thrill of Wing Walking Risking death every time they go to work, wing walkers need courage, poise, a healthy craving for adrenaline and, most importantly, they ... Ex-Kansas Insurance Agent Accused of Stealing $2M Federal prosecutors have charged a former Kansas insurance agent with stealing nearly $2 million from policyholders. The U.S. attorney's ... More Midwest News Southeast Florida Supreme Court Nixes Pre-Surgery Damages Clause without Concession The Florida Supreme Court has ruled unenforceable a doctor's financial and arbitration agreement with a patient prior to surgery because it ... More Southeast News South Central Making the Most of Mediation More litigation is resolved by mediation than by jury trials. Because of this, it is very important that insurance professionals understand ... Oklahoma Insurance Claims from May Tornadoes Top 75K Insurance claims filed in response to a major tornado outbreak in May have jumped to 75,758 with insurance payments reaching $687,945,276, ... Texas Plant Owner Says Insurance Will Cover Loss from Explosion Williams Cos., the owner of a Louisiana chemical plant that remains shut after a fatal explosion, said insurance will cover most of the ... 4 Workers Hurt in Texas A&M Construction Accident Four workers were hurt, three critically, after a barn frame collapsed on June 22 at an $80 million Texas A&M University equestrian complex ... State Senator Gives Up on Louisiana Citizens Insurance CEO Job State Sen. Dan "Blade"Morrish has dropped his bid to become the next CEO of the state-run insurer of last resort, the Louisiana Citizens ... More South Central News West Mom Sues Monster Over Teen's Death in California The mother of a teenager who died from cardiac arrhythmia last year is blaming his death on Corona, Calif.-based Monster Beverage Corp., ... President Declares Disaster For Spring Flooding in Alaska President Barack Obama has declared a federal disaster for spring flooding in parts of Alaska. Gov. Sean Parnell earlier this month ... Likely Recall Washington Area Mayor Who Jeopardized City's Insurance Votes counted from Tuesday's special election show that Cy Sun, a Washington area mayor, will be recalled on July 9 when the election is ... 4 Men Sue Boy Scouts, LDS Church in Idaho Four men are suing the Mormon church and Boy Scouts of America in federal court, saying they were sexually abused while attending scouting ... More West News International Global Banks Will Screen for Terrorism Links Under Basel Plan Global banks will have to vet all customers for terrorism links as part of a crackdown on money laundering and criminal finance. Terrorist ... Canada Seeks $1B Clean-Up Fund by Major Oil Pipelines Companies operating major crude oil pipelines in Canada will be required to have C$1 billion ($954.97 million) available to fund clean ups ... Australian Safety Regulator Faults Rolls-Royce over Qantas Engine Explosion Rolls-Royce Plc repeatedly failed to identify a defect that caused one of its engines to explode on a Qantas Airways Ltd aircraft carrying ... More International News Insurance Journal Blogs How Should Insurance Agencies use Twitter? This post is part of a series on insurance marketing and training sponsored by Astonish. Twitter is a social media platform that all ... More Blogs Join the Insurance Journal Network Insurance Journal TV 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... 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 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 Go to Forums Reader Comments Colleges Could Face Lawsuits Following Supreme Court Affirmative Action Ruling Posted: Wed Jun 26 -- This is the problem with our government today. They start something that probably was needed at one time, but they cannot ever end anything.... Baxtor 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 White House Threatens Veto of Farm Bill Over Food Stamp Cuts Posted: Thu Jun 20 -- Agent, Did it ever cross your mind that maybe the relationship between Obama and Ayers was never what Palin and her minions tried to make it... Ron 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 Insurers Abandon Long Island After Superstorm, N.Y. Senator Schumer Says Posted: Wed Jun 26 -- Typical NY Liberal short-term thinking. Gee, let's make it really really difficult to do business under layers of regulations and then let's... 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