Daily Headlines: Tuesday, June 18, 2013

Contact us | Subscribe | Send to a Friend

June 18, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National White House Threatens Veto of Farm Bill Over Food Stamp Cuts The White House threatened to veto a five-year farm bill on Thursday because of "unacceptable deep cuts" in food stamps for the poor that ... Banks Urge Cross-Selling Insurance, Loans to Wealthy But Brokers Resist Scrambling to plug revenue holes created by crackdowns on credit card fees and falling brokerage commissions, big U.S. banks are pushing a ... Drug Makers Can Be Sued for 'Pay for Delay': Supreme Court Drugmakers can be sued for paying rivals to delay low-cost versions of popular medicines, the U.S. Supreme Court said in a decision that ... Supreme Court to Review Airline Imunity The U.S. Supreme Court agreed to use a case involving an Air Wisconsin pilot upset about losing his job to consider giving airlines broader ... IPO-Seeking China Companies Pay More to Avoid Boards Going Naked Stephen Markscheid holds one of the riskiest jobs in the world -- or so say directors and officers liability insurers. The 59-year-old ... Analysts: Travelers/Dominion Deal Makes Sense, More U.S.-Canadian M&A May Follow The Travelers Companies' decision to acquire Dominion of Canada General Insurance, a unit of E-L Financial Corp., for $1.1 billion makes ... Ratings Recap: Seaworthy, Central States Indemnity,Berkshire Hathaway Homestate A.M. Best Co. has affirmed the financial strength rating of 'A+' (Superior) and issuer credit rating of "aa" of Seaworthy Insurance ... Insurance Journal Co-Sponsors MarshBerry Market & Financial Survey MarshBerry, in partnership with Insurance Journal, has launched its 28th Annual Market & Financial Outlook Survey. This exclusive survey ... Milk Money: Farm Bill Could Hinge On Dairy Vote Approval of a massive farm bill - and the cost of a gallon of milk - could hinge on a proposed new dairy program the House is expected to ... Rockwood Programs Adds Cyber Liability to Coverage Portfolio Rockwood Programs has added cyber liability to its portfolio of management and professional liability products. The coverage can be ... Great American Enhances Premises Environmental Liability Product Great American Insurance Group's Environmental Division has launched an enhanced premises environmental liability insurance policy. The ... The Hartford Enhances Small, Midsize Business Management Liability Coverage The Hartford has enhanced its private company management liability offerings with Private Choice Ovation, a package policy with updated and ... 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... It's Not About AIG, Says Berkshire's Peter Eastwood When a veteran of CNA joined Berkshire Hathaway Specialty Insurance to lead the new venture's professional liability... More National News East New FEMA Flood Maps Bring Some Relief to New Jersey Coast More than seven months after Superstorm Sandy devastated parts of the Jersey shore, thousands of homeowners are getting some relief from ... Police Boost Presence in Sandy-Damaged Sections of New York Police have increased their presence in New York City neighborhoods still struggling with the aftermath of Superstorm Sandy. The Staten ... Mass. Industrial Accidents Dept. to Require E-Filing for First Reports of Injury The Massachusetts Department of Industrial Accidents (DIA) announced this month that, as of Jan. 1, 2014, it will cease accepting paper ... Marsh's U.S. Casualty Practice Leader to Join Victor O. Schinnerer as President Chevy Chase, Md.-based underwriting manager Victor O. Schinnerer & Company Inc. has tapped senior Marsh executive Jonathan M. Zaffino to be ... More East News Midwest Liberty Mutual Insurance Appoints Glasmeier as Distribution VP in Ohio Anita Glasmeier has been appointed vice president of Distribution of Liberty Mutual Insurance's Mid-Atlantic Business Insurance operation. ... Illinois Motorcycle Fatalities Climb 13 Percent Fatal motorcycle accidents are up 13 percent in Illinois, according to data from the Illinois Department of Transportation. The State ... NE Kansas Counties Recovering After Tornado Damage Northeast Kansas counties that were hit by a tornado and flooding in late May are waiting to hear if storms caused enough damage to make ... More Midwest News Southeast Citizens CFO Binnun to Return to Private Sector Following a six-year tenure as Citizens Property Insurance Corporation's chief financial officer, Sharon Binnun has accepted a position in ... Mississippi Man Sentenced for Insurance Fraud, Ordered to Repay Nationwide A 35-year-old D'Iberville, Mississippi, man has been sentenced to prison and ordered to repay over $6,000 to Nationwide Insurance Co. for ... Tenn. Consumer Affairs: Don't Get Burned by Air Condition Repair-Scam Artists With the weather reaching sweltering temperatures this summer, it is important to have a working, reliable air conditioning unit -- scam ... More Southeast News South Central Oklahoma Insurance Commissioner Caps Fees for Public Adjusters Oklahoma Insurance Commissioner John D. Doak has issued a bulletin to all Oklahoma-licensed public adjusters advising them not to charge ... A.M. Best: Outlook Negative for Imperial Fire and Casualty Insurance A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of B+ (Good) and issuer credit ... Cantwell Elected President of Austin Association of Insurance Professionals The Austin Association of Insurance Professionals (AAIP) announced that Kimmi Cantwell, with McGowan, Donnelly & Oberheu LLC has been ... More South Central News West Insurance Department Launches Portable Electronics License The Idaho Department of Insurance will begin licensing businesses to sell portable electronics insurance to cover the repair or replacement ... California Insurance Commissioner: Bar Anthem From Health Exchange California's insurance commissioner wants to exclude Anthem Blue Cross from the state's new health exchange for small businesses, saying ... SullivanCurtisMonroe Names Petsche as VP in Southern California SullivanCurtisMonroe Insurance Services LLC named Thomas Petsche as a vice president at its Los Angeles location. Prior to joining SCM's ... Reports: 236 Oil, Gas Sites in New Mexico Failed Inspections About 85 percent of 276 oil and gas well sites inspected in southeastern New Mexico over the past six weeks have failed to pass ... Farmers Names Yahoo! Veteran Spagnoletto Head of Digital Strategy Los Angeles, Calif.-based Farmers insurance named Patrizio Spagnoletto as the company's head of digital strategy. Spagnoletto will be ... More West News International West Africa Piracy Endangering Commodities Shipping, Increasing Rates Pirate attacks off West Africa's mineral-rich Gulf of Guinea have almost doubled from last year and threaten to increase the costs and ... Willis Trade Credit Exec Analyzes Fallout of Turkey's Unrest In comments posted on the Willis website Andrew van den Born, Executive Director in Willis' Political and Trade Credit Risks division, ... Canada's P&C Insurers to Expand with 'Receivables Insurance Association' Launch The Canadian property and casualty insurance industry is expanding with the launch of the Receivables Insurance Association of Canada. ... MAPFRE GLOBAL RISKS Aims to Strengthen European Presence MAPFRE GLOBAL RISKS announced plans to "enter into new markets and grow in those where it has not consolidated its presence yet," beginning ... RSA Renews Contract with Motability Operations The UK's RSA announced that it has renewed its contract to provide motor insurance to Motability Operations. "The new contract extends a ... XL Appoints Devaux-Piquer Casualty Underwriting Manager Europe, Reinsurance The XL Group announced that it has appointed Valérie Devaux-Piquer to the position of Casualty Underwriting Manager, Europe, Reinsurance, ... More International News Sponsored Content New Residential Earthquake Claim Program Introduced by American Claims Management and QBE San Diego, CA, 06/18/13 - American Claims Management Inc. (ACM), a national third party administrator (TPA), is pleased to announce that it ... More Sponsored Content 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 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 Course of Construction for non licensed contractor Posted: Mon Jun 17 -- You can easily find GL for an owner/builder with Markel/Essex. Understand we are only interested if he is building his own home. Meytai,... LadyBroker 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 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 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 Philadelphia Building Inspector Kills Self After Deadly Collapse Posted: Mon Jun 17 -- How does someone making $60k afford a $500,000 house??? Libby 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 Berkshire Hathaway's Eastwood Hiring Specialty Team to Vie with Ex-Employer AIG Posted: Thu Jun 13 -- Gosh, Bernie - Don't make yourself sound so unintelligent. Company just formed less than 2 months ago. If you knew ANYTHING about the... sips 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 Personal Lines or Commercial Lines Account Manager Business Development Representative Underwriter - Commercial Lines Exclusive Allstate Insurance Agent 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.