Daily Headlines: Tuesday, June 11, 2013

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June 11, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Chubb Must Face Bear Stearns Suit Over Coverage for SEC Deal Chubb Corp.'s Vigilant Insurance must face a lawsuit by Bear Stearns Cos. accusing the insurer of breach of contract for refusing to pay ... AIG Names Doyle, Sankaran to Executive Group American International Group Inc. added John Doyle and Sid Sankaran to the insurer's executive group as Chief Executive Office Robert ... CNA Launches Insurance Program for Accountable Care Organizations CNA has developed a new integrated insurance product to address the full range of exposures unique to accountable care organizations (ACO). ... Senate Passes Crop Insurance Bill; House Fight Over Food Stamps Next The Democratic-run U.S. Senate passed a $500 billion, five-year farm bill on Monday that expands a taxpayer-subsidized crop insurance ... 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... Is P/C Industry Overcapitalized? Maybe Not, Carrier CEO Says [executive_summary] William R. Berkley raised questions about the level of capital in the property/casualty insurance... More National News East The Hartford Ordered to Pay $20M to Auto Body Shops A Connecticut judge has ordered The Hartford insurance company to pay $20 million to auto body shops for an unfair trade practice related ... Philadelphia Fatal Building Collapse Brings Grand Jury Probe Philadelphia authorities said they would empanel a grand jury to investigate possible charges in connection with the collapse of a building ... Connecticut Court: $1M Available for Fire Victims' Families The Connecticut Supreme Court has ruled that families suing a Hartford nursing home where 16 patients died in a 2003 fire can share up to ... Veto of Maine Workplace Bullying Bill Upheld Maine Gov. Paul LePage's veto of a bill aimed at bullying in the workplace will stand. The Maine House of Representatives last week voted ... More East News Midwest Can Missouri Schools Withstand a Severe Storm? Buildings in the St. Joseph, Mo., School District can withstand winds up to 90 mph. None are prepared to withstand the likes of an EF5 ... Wisconsin Dairy Farmers Disagree on Sales of Raw Milk When it comes to raw milk, even dairy farmers who drink their own product disagree over whether they and their peers should be allowed to ... Early Tornado Season in North Dakota Prompts Safety Warnings Western North Dakota has already had three tornadoes in June, and a meteorologist warns that severe weather might be the norm this summer. ... Flood of 2008 Changed Wisconsin Landscape, Taught Lessons A devastating flood in 2008 that killed three people and caused $763 million in damage also changed the landscape of many Wisconsin ... More Midwest News Southeast Alabama Changes School Construction After Storms The large amount of rebar and concrete on the construction site at Hatton High is not there by accident. Instead, it represents a change in ... Mines Associated with Kentucky Lawmaker Cited for Safety Violations An influential eastern Kentucky legislator owns the permits on Pike County coal mines that have repeatedly been cited by the state for ... More Southeast News South Central Louisiana Parish Eyes Clampdown on Door-to-Door Peddling The Ascension Parish Council in Louisiana is considering an ordinance that would eliminate or greatly restrict unsolicited door-to-door ... Post-Tornado, Looters Come from Afar to Oklahoma Authorities say looters have come from as far away as New York and Virginia to steal from victims of last month's tornado in Moore, Okla. ... Oklahoma Insurance Department Employees Lauded for Tornado Response Oklahoma Lt. Gov. Todd Lamb on June 10 recognized the efforts of Oklahoma Insurance Department (OID) employees in the aftermath of the ... More South Central News West 5 Candidates Considered For Insurance Regulator Post Five government, insurance and health care officials are in the running to manage New Mexico's newly independent insurance regulatory ... Washington Files Suit To Recoup Wildfire Costs Washington state has filed suit against two companies to try to recover firefighting costs from a blaze that destroyed 61 homes and ... CH2M Hill to Pay $2.9M to Settle Alaska Hatchery Claims The company that designed a new fish hatchery in Fairbanks has agreed to pay $2.9 million to settle the state's claims over alleged flaws. ... Broker Awarded $ 3.8M Verdict In Reputation Suit A Los Angeles Superior Court jury has awarded $3.8 million in lost profits and business reputation damages to HCF Insurance Agency. On June ... RSI Taps Thomas as VP in Southern California Costa Mesa, Calif.-based RSI Insurance Brokers Inc. named Patrick Thomas as corporate vice president. Thomas will be responsible to ... Beaudoin Joins Abram Interstate in California Peggy Beaudoin has joined Rocklin, Calif.-based Abram Interstate Insurance Services Inc. as agribusiness account manager. Beaudoin will ... More West News International Geneva Association's Fitzpatrick on Systemic Risks, Nat Cats, ILS, Cyber Risks When the Geneva Association's presentation on how and why governments and re/insurers need to work more closely adjourned, we were able to ... Willis Launches 'CRIMEstar' - All Risks Cover for Commercial Crime Willis Group Holdings has launched "CRIMEstar," which it describes as a "new commercial crime all risks wording, in response to the growing ... Aon Expands 'WorldAware' Travel Risk Management Program Aon Risk Solutions, the global risk management business of Aon plc, announced that it has launched the "Aon WorldAware GeoAlert Map, a ... Aon Risk Inks Deal with Mexico's QET Tech Aerospace for Liability Coverage Aon Risk Solutions, the global risk management business of Aon plc, announced that it has been selected by QET Tech Aerospace to provide ... XL Group Expands Insurance Team in Barcelona XL Group's Iberia and Latin America insurance operation has announced the appointment of Ivan Torrecilla as Client & Distribution Leader of ... 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: Tue Jun 11 -- Hi - I have a couple of questions that I have been mulling over for a while and thought I would 'put it out there' to get some advice. I am... Beaker Course of Construction for non licensed contractor Posted: Mon Jun 10 -- He's a customer of mine.. we have a good relationship.. I've been trying for a while to find him someone to insure it.. it's at 15 percent... 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 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 Go to Forums 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 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 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 Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue June 3, 2013 Program Directory, Volume I 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 Claims Vendor Relations Coordinator Vice President of Sales (Admissions) New Business Underwriter - Travel Field Claims Adjuster 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. 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