Daily Headlines: Tuesday, June 25, 2013

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June 25, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Supreme Court Extends Ban on Suits Against Generic Drugs The U.S. Supreme Court reinforced its bar on lawsuits by patients against generic-drug makers, overturning a $21 million award to a woman ... Supreme Court Limits Workplace Harassment, Retaliation Claims The U.S. Supreme Court put new limits on lawsuits claiming on-the-job harassment, throwing out a case filed by a black catering worker who ... Ex-AIG CEO Greenberg Must Face N.Y. Suit, Appeals Court Says Former American International Group Inc. Chief Executive Officer Maurice "Hank" Greenberg must face a fraud lawsuit brought by the New York ... A.M. Best: P/C Insurer Impairments Down in 2012 Financial impairments in the property/casualty insurance industry fell more in line with recent trends and historical levels in 2012, ... Health Insurers to Pay $500M in Rebates U.S. insurers will pay $500 million in rebates to employers and individuals this summer because of President Barack Obama's healthcare law, ... Senate Leader Reid Rules Out Extending Current Farm Law The Republican-controlled U.S. House of Representatives needs to solve its farm bill impasse by enacting the Senate's bipartisan bill, ... P/C Insurers Turned Profit on Underwriting in Q1, Attained Record Surplus First quarter results for U.S. property/casualty insurers show they made a profit on underwriting for the first time since late 2009. ... 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... Is Cloud Computing Critical To Carrier Management? Cloud computing in insurance is inevitable. There are many of projections about the growth of cloud computing services... More National News East Insurers Abandon Long Island After Superstorm, N.Y. Senator Schumer Says Allstate Corp. is among insurers retreating from the Long Island, New York, homeowners market after superstorm Sandy and should be ... Vermont Taps N.J. Captive Insurance Chief as New Deputy Commissioner Vermont's Department of Financial Regulation is getting a new deputy commissioner in the Insurance Division. St. Johnsbury, Vermont-native ... XL Group Names Regional VP for Marine in New York XL Group appointed John Ellis as a regional vice president for its North America Marine business in New York. In his new role, Ellis will ... Sandy-Ravaged Rockaway Peninsula in New York Receives Recovery Grant A community organization in Sandy-ravaged Rockaway, Queens, has received a grant of more than $721,000 from the American Red Cross. The ... More East News Midwest 3 Kansas Community Colleges Form Insurance Group Three Kansas community colleges have created an insurance consortium after their insurance provider raised rates and said it wouldn't ... Wichita, Kansas Officials Seek to Curb Thefts of Copper In a move to curb increased thefts of copper and other metals, Wichita city officials and local police are considering revising the city's ... Nebraska Couple Convicted of Burning Their South Dakota Eatery A Nebraska couple accused of burning down a restaurant they owned in South Dakota to collect insurance money has been convicted of felony ... Experts Say Iowa Should Act to Stymie Flooding Iowa could do more to avoid flooding by limiting how much rainfall runs off into the state's rivers and streams, including addressing ... More Midwest News Southeast Many in Mississippi 'Out of Luck' as Health Insurers Shun Exchange People in 36 of Mississippi's 82 counties may not be able to buy health insurance through the new federal online marketplace when it starts ... New Kentucky Law Reopens Door for Christians-Only Medical Coverage Kentuckians will again be able to sign up for a Christians-only medical program under a batch of new laws that take effect Tuesday. ... West Virginia Pays Millions for Prison Misconduct Claims Sexual misconduct claims at prisons and regional jails have cost West Virginia nearly $12 million over the last decade. Board of Risk and ... Florida Panel Certifies Latest AIR Hurricane Model Release The Florida Commission on Hurricane Loss Projection Methodology (FCHLPM) has certified the latest version of AIR Worldwide's hurricane ... More Southeast News South Central Some Louisiana Residents Take Buyouts from Salt Dome Owner A third of a group of residents evacuated because of an Assumption Parish sinkhole have accepted buyout offers from Texas Brine Co. Company ... Some Arkansas Cities Mapping Storm Shelters Officials in at least two Arkansas cities are asking their residents to let them know if they have storm shelters, while a third says he ... Goss Named VP of HealthcarePros Unit at U.S. Risk Underwriters Dallas-based managing general agency and surplus lines wholesaler, U.S. Risk Insurance Group Inc., has named Quinton Goss, vice president ... Liberty International Underwriters Expands Environmental Presence In Southwest Liberty International Underwriters (LIU), part of the Global Specialty division of Liberty Mutual Insurance, has expanded its environmental ... More South Central News West Colorado Fire Crews Look to Wind Change Fire crews defending resort towns, homes and cabins against a massive wildfire in Colorado's southwest mountains were looking for a break ... Nevada Doctor Shortages Likely to Get Worse There aren't enough doctors in Nevada, and the shortage is likely to get worse as tens of thousands of people become newly insured under ... Furlough Notices Going To Washington State Workers Thousands of Washington state employees received furlough notices Monday telling them they face a temporary layoff unless state lawmakers ... More West News International Alberta Promises US$956 Million in Flood Funding; Won't Balance Budget Alberta Premier Alison Redford on Monday promised C$1 billion (US$956 million) in initial funding to help pay for damage caused by major ... Marsh Cites 'Lessons Learned' from Bangladesh Factory Collapse A report from Marsh on the recent Rana Plaza factory collapse in Bangladesh that killed more than 1,100 people cites the "serious risks ... XL Appoints Jacobs Global Head of Capital Management, Corp. Development, Tax XL Group plc announced that the Company has appointed Philip M. Jacobs as Global Head of Capital Management, Corporate Development and Tax. ... Best Europe Affirms Lloyd's Syndicate 1225 Ratings; Outlook Stable A.M. Best Europe - Rating Services Limited has affirmed the financial strength rating (FSR) of 'A' (Excellent) and issuer credit rating ... ACE Launches Surety Services in France, Joins Global Surety Association The ACE Group has expanded its international surety capabilities in Continental Europe, by launching services in France and making a new ... More International News Insurance Journal Blogs Indiana Balance-Billing Law Latest in Fight Over 'Reasonable' Charges One of the long-standing tensions in health care  finance -- whether you're talking about health insurance or managed care, for-profit or ... 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 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 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 Go to Forums Reader Comments U.S. House Strikes Down Republican Farm Bill Posted: Fri Jun 21 -- Back to the darawing board. Farm subsidies need to be curtailed and the food stamp prgram needs to be reformed. Corporate farmers getting... Dave White House Threatens Veto of Farm Bill Over Food Stamp Cuts Posted: Tue Jun 18 -- Tim, it's no use - your facts don't fit the narrative. Don't get in the way of the talking points with your accuracy. Besides, America was... Captain Planet 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 IRS Scandals Threaten Funding for Health Care Law Posted: Thu Jun 20 -- You bet, Agent. And I don't know if it's her thing or not, but she can find some great deep dish pizza there, too. My favorite is Gino's... Captain Planet Suit Filed Over Southern California Border Patrol Chase Death Posted: Fri Jun 21 -- Really, the moron was driving the wrong way and wouldn't stop. Also, who would think a taser could start a fire in a car? jw 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. 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