Daily Headlines: Tuesday, June 4, 2013

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June 4, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Council Proposes AIG, Prudential, GE Capital as Systemically Important, Due Extra Scrutiny U.S. regulators on Monday proposed designating American International Group Inc., Prudential Financial Inc. and GE Capital for heightened ... Coastal Homeowners Upset with Insurers, Regulators Over Surge in Insurance Costs When Stan Virden moved into his 2,400-square-foot house overlooking a rock-lined canal in 1996, he paid less than $1,000 a year for ... Women (Not Men) Get Asked: Can You Have It All? Can you have it "all"? It's one of the questions that women in business get asked a lot but men are never asked. It's also one of the ... President Obama Issues Executive Orders to Curb 'Patent Trolling' President Barack Obama took steps on Tuesday intended to limit frivolous patent lawsuits, a practice referred to as "patent trolling." ... Mortgage Insurer Triad Guaranty Files for Bankruptcy Protection Triad Guaranty Inc., a residential mortgage insurer, sought bankruptcy court protection from creditors, citing losses related to the U.S. ... Top Insurance CSRs by State for 2013 The National Alliance for Insurance Education & Research has announced the winners of this year's National Outstanding Customer Service ... Motorists Mutual Launches Safeguard Product for Self-Storage Facility Owners Motorists Mutual Insurance has introduced a product specifically to provide a safeguard for owners of self-storage facilities. The new ... Travelers Launches OnDemand Risk Control Service for Commercial Clients The Travelers Insurance Cos. has launched an interactive, on demand service for property and casualty insureds looking to manage and... MPLI Lagging Commercial Lines Underwriting Cycle Medical professional liability insurance (MPLI) is a smaller specialty property/casualty insurance underwriting segment... More National News East Insurer Fairfax Appeals SAC's Dismissal From New Jersey Suit Insurer Fairfax Financial Holdings Ltd. asked a New Jersey appeals court to reinstate its lawsuit against Steven A. Cohen's SAC Capital ... Union Mutual of Vermont Companies Appoints Claims Manager Union Mutual of Vermont Companies promoted Peter Heitmann to the position of claims manager. Heitmann joined Union Mutual in 1983 as a ... N.H.-Based Northern United Agents Alliance Announces New Agency Member The Northern United Agents Alliance (NUAA) announced the addition of Kinney Insurance Agency, based in South Hero, Vt., as the newest ... Protesters Urge R.I. to Default on 38 Studios Debt Protesters unhappy with Rhode Island's failed investment in former Red Sox pitcher Curt Schilling's video game company urged ... More East News Midwest NTSB: Missouri Derailment Investigation Could Take a Year The investigation into the cause of a southeast Missouri cargo train crash that injured seven people and destroyed a highway overpass could ... St. Louis' Lambert Airport Dealing with Storm Damage Again For the second time in two years, Lambert Airport in St. Louis is cleaning up after a storm caused significant damage to Missouri's largest ... Midwest, Plains Economy Still Growing Steadily: Survey A monthly survey of business leaders suggests the economy in nine Midwest and Plains states will continue growing steadily over the next ... More Midwest News Southeast As Hurricane Season Opens, Florida's Citizens Touts Depopulation Deals Officials at Florida's property insurer of last resort say that it is entering the 2013 hurricane season in improved financial condition ... Fired Florida Trooper Says Speeding Lawmakers Get Break A fired state trooper, as well as some current and former troopers, testified last week that the Florida Highway Patrol had an informal ... Fomer Lawmaker Nunn Apologizes to Family for Killing A former Kentucky lawmaker serving life in prison apologized publicly for the first time Friday to the family of his former fiance, whom he ... Florida Gov. Scott Signs Bill Limiting State Review of Health Insurance Rates Florida Gov. Rick Scott has signed a bill that removes the ability of state regulators to challenge health insurance rates for a two-year ... More Southeast News South Central Allstate Appoints Sedillo as Chief Executive of Texas Operations The Allstate Insurance Company has named Larry Sedillo field senior vice president for the company's Texas region, where he will lead ... Southport Lane Acquires Louisiana's Imperial Fire & Casualty Southport Lane, a New York City-based private equity firm, has completed its acquisition of Louisiana-based Imperial Management Corp., ... 4 Firefighters Killed in Houston Fire Mourned One Houston firefighter remains hospitalized in critical condition after a massive motel and restaurant fire killed four of his fellow ... More South Central News West Hub International Acquires Assets of Beartooth in Montana Chicago, Ill.-based Hub International Ltd. subsidiary Hub International Mountain States has acquired the assets of Beartooth Insurance Inc. ... Rain Delays Wildfire Season in Parts Of West Rain and cooler temperatures mean the wildfire season in Oregon, Idaho, Washington and Montana will start later than initially predicted, ... Montana Judge Invalidates Fire-Resistant Roof Ordinance A Montana judge has invalidated Helena's 2008 fire ordinance restricting exposed wood building materials and requiring fire-resistant roofs ... Costco Recalls Frozen Berries Linked To Hepatitis Outbreak The Food and Drug Administration is investigating an outbreak of hepatitis A linked to a frozen organic berry mix sold by an Oregon ... More West News International Floods in Central Europe Near Peak; Prague Among Hardest Hit Cities Floodwaters that inundated Prague and swamped large areas of central Europe may peak today as emergency crews work to open river traffic, ... Bermuda Minister Rejects Tax Haven Label; Sees Insurance Growth Bermuda is not to blame for companies such as Google using Bermudan subsidiaries to shelter billions of dollars from U.S. and European tax ... Central Europe Hit by Rains, Floods and Landslides: AIR Analysis Catastrophe modeling firm AIR Worldwide has released a report on the current heavy rains and floods that have inundated large parts of ... FERMA Warns Restrictions Could Damage Subscription Market The Federation of European Risk Management Associations (FERMA) has issued a warning to the European Commission that any restriction in the ... XL Launches Unit Dedicated to Reinsurance in Emerging Global Markets XL Group announced that it is expanding its reinsurance operations with the creation of a "dedicated Reinsurance Global Emerging Markets ... Hub International Hires Chan in Toronto, Acquires Book of Business Hub International Limited (Hub) subsidiary Hub International HKMB Limited (Hub HKMB) has acquired a book of commercial and personal lines ... Private Equity Firm B.P. Marsh Selling Stake in Hyperion Insurance B.P. Marsh & Partners Plc, the U.K. private-equity firm with investments ranging from risk assessment to financial advising, rose for a ... More International News Sponsored Content NetRate Systems Introduces NetPPS Policy Product System for ISO® Policy Forms Production Okemos, MI, 6/4/13 -  NetRate Systems, Inc., a leading supplier of ISO® Commercial Lines Rating software for the MGA and carrier ... More Sponsored Content Insurance Journal Blogs Essential Advertising & Publishing Terms, Explained in Everyday English "Images must be 300ppi. Please provide your logo as a vector. Max file size is 40 KB." Advertising and publishing lingo can be confusing, ... More Blogs Join the Insurance Journal Network Insurance Journal TV 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 Changes in Underwriting Medical Professional Liability The United States is undergoing a massive transition -- and that's healthcare reform, says... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums 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 Standard Non-Compete Posted: Mon Jun 3 -- Most non-compete agreements in California don't hold water. You might want to check with legal council first on both the validity and... Big Dog 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 Workers Comp TX Oilfield Service Contractor Posted: Sat Jun 1 -- try mike davis at Accident Insurance Services, Inc... johnbclinton 1st Year as a Producer Stories Posted: Wed May 29 -- Rainmaker, thank you for the advice. I am 9 months in so far and excited to hit year 2 soon. For me, the hardest part of being a new... californiadude Insurance agencies for sale ? Posted: Mon May 27 -- Yikes - call Marsh Berry or Dowling Hales. Rainmaker Non compete lawsuit Posted: Mon May 27 -- I've moved three books as a producer from a small agency, to a regional, to a global. I've also run practice groups and was a Regional CEO... Rainmaker CPCU - Advice Posted: Mon May 27 -- Perfect...bears repeating: "In the interest of full disclosure, I work for the Institutes (American Institute for... Rainmaker Go to Forums Reader Comments Judge Allows Mississippi Liability Suit Over Underage Drinker to Proceed Posted: Tue May 28 -- There's no possibility he had a fake ID? Can they prove whether he was served at the bar or became intoxicated at the Condo? Did anyone... Whodathunkit? Mixed Reaction in Georgia to Push to Lower DUI Limit Posted: Thu May 30 -- ""We are not prohibitionist. We are not interested in eliminating drinking," Martin said." Like heck they aren't. If I recall, even... ExciteBiker Paterno Family Sues NCAA Over Penn State's Sandusky Fine Posted: Fri May 31 -- "Paterno's name and reputation have been damaged by the allegations." There is no way Joe PA had no knowledge whatsoever of how Sandusky... PSU Grad Mississippi Man Run Over by Lawnmower Sues Manufacturer Posted: Wed May 29 -- something is missing here...if he bought it two months before the accident switch must have been altered. I'm betting any manufacturer of... UW Mississippi Homeowners Renew Lawsuit Against Exxon Over Alligators Posted: Fri May 31 -- No comment. I ain't seen the paperwork as yet. As for 84+ of us on one piece of property, heck, 35 acres is a lot of wiggle room. Give us a... Al E. Gator 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 Insurance Salesperson Senior Underwriter - Commercial E&S Account Executive Business Development Underwriter 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. 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