Daily Headlines: Wednesday, June 12, 2013

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June 12, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Federal Insurance Regulator Releases First Report The U.S. Department of the Treasury's Federal Insurance Office (FIO) today released its long-awaited first annual report on the insurance ... Hands-Free Voice Messaging Behind Wheel More Dangerous Than Phoning: Study Using voice-to-text messaging, included in systems such as Ford Motor Co.'s Sync and Toyota Motor Corp.'s Entune, is more distracting to ... Goldman Avoids Damages in Dragon System's Merger Negligence Claim Sachs Group Inc.'s missteps advising speech-recognition pioneer Dragon Systems Inc. in a merger weren't egregious enough under the law to ... Walgreen Agrees to Record $80M Settlement Over Distribution of Painkillers Walgreen Co., the largest U.S. drugstore chain, has agreed to pay $80 million in civil penalties to resolve allegations that it violated ... New Survey Explores How Carriers Support Agency Growth Strategies Carriers can be instrumental in helping agencies grow through referrals, expanded coverages, and clear business line or geographic ... Best Affirms Gen Re Group's 'A++' Ratings; Outlook Stable A.M. Best Co. has affirmed the financial strength rating (FSR) of 'A++' (Superior) and issuer credit ratings (ICR) of "aa+" of General ... ACE Launches CPL Coverage for Healthcare Industry Construction Projects ACE USA, the U.S.-based retail operations of the ACE Group, has introduced a new contractors pollution liability (CPL) owner-controlled ... 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... Flaw of Averages: Why Carriers Overpay & Underpay Contents Claims In his book, The Flaw of Averages, author Sam Savage explores how the widely used statistical concept of "averages" can... More National News East N.Y. Says Life Insurers' Use of 'Shadow Insurance' Could Hurt Policyholders New York State's financial regulators issued a report today that found a widespread use of captive, reinsurance entities by New York-based ... NYC Mayor Bloomberg Proposes $20B Flood Plan After Sandy New York Mayor Michael Bloomberg called for a $20 billion system of flood barriers to protect low-lying areas from storms almost eight ... Lockton Taps 2 Former Wells Fargo Insurance Execs to Lead Boston Office Lockton is adding more commercial insurance operations in the Northeast with the formation of an insurance brokerage office in Boston. ... Former Va. Insurance Agent Pleads Guilty to Fraud A former Charlottesville, Virginia, insurance agent has been sentenced to seven months behind bars for duping customers who believed they were buying insurance ... More East News Midwest Indiana Fire Deaths Surge, Already Top 2012's Total Indiana's fire deaths have surged to 54 so far this year, giving the state more fire fatalities in just over five months than all of last ... Ohio Regulators: Health Insurance Costs to Increase Under Exchange The Ohio Department of Insurance said insurers' health insurance plans for the federal insurance exchange for Ohio show that expenses for ... More Sinkhole Problems in Cape Girardeau, Missouri Two new sinkholes are causing problems in Cape Girardeau, Mo., creating what city leaders call a "very dangerous" situation. The Southeast ... More Midwest News Southeast Fired Florida State Trooper Deserves Job Back: Hearing Officer A state hearing officer is recommending that a fired Florida Highway Patrol trooper be given his job back. The recommended order states ... Alabama Drivers Part of National Alcohol, Drug Test Drivers in St. Clair and Bibb counties who were stopped at roadblocks in the area over last weekend were asked to give anonymous breath, ... More Southeast News South Central CoVerica Agency Alliance Names Donahower, Fox as Regional VPs Dallas-based CoVerica Agency Alliance has appointed Kevin Donahower and Ashley Fox as regional vice presidents as part of a new company ... 5-Year Plan Targets Business Growth in New Orleans New Orleans officials have unveiled a five-year economic development plan targeting key industries, creating jobs and strengthening the ... Dallas Insurance Agency Implements Summer Intern Program Dallas-based Roach Howard Smith & Barton (RHSB) Insurance Agency announced it has implemented a summer internship program, with Adam ... Claims from Late May Oklahoma Tornadoes Top 60K Insurance claims filed in Oklahoma following the tornado outbreak at the end of May have jumped to 60,308 with insurance payments reaching ... More South Central News West Value Of Washington Organic Farm Crops Rising For the first time, people seek out Gary Middleton to buy his organic fruit. That's something that has taken Middleton, who farms about 100 ... Arizona Man Seeks $500,000 Over Dismissed DUI Case A man is seeking $500,000 from an Arizona city for his arrest on a drunken driving charge even though a breath-alcohol test showed he ... San Francisco Sues Gun Companies Over High-Capacity Magazines San Francisco is suing three gun accessories companies and one gun show promoter for selling disassembled high-capacity magazines disguised ... Lawyers: Colorado Lab Woes Could Lead To DUI Appeals Potentially thousands of drunken-driving convictions in Colorado could be appealed because of problems at a state laboratory, defense ... More West News International Floods Could Cost Germany $16 Billion in Economic Damage Warns Fitch Floods that have devastated parts of southern and eastern Germany could briefly impede growth in Europe's biggest economy, an industry body ... Airmic, Willis Terrorism Review Explores Global Insurance Schemes "Several of the world's long-established terrorism insurance schemes were set up to deal with a different terrorism threat than is ... Montreal Protocol Shows the Way for Action on Climate Change A new deal to curb carbon emissions could copy features from the Montreal Protocol, which the United States and China favored over its ... UK MGA Nexus Group Concludes Financial Lines Coverage Pact with PartnerRe Nexus Group, a London-based Specialty MGA, has announced a transaction with reinsurer PartnerRe, which covers the current core financial ... More International News Sponsored Content ThinkRisk Announces [in]TELLIGENCE(SM) New York, NY, 6/12/13 - Technology continues to transform businesses everywhere.  Recent surveys have reported that more than half of ... More Sponsored Content Insurance Journal Blogs Burand's Agency E&O Blog: Tip #35 Carrier Rating Notifications. What responsibility does an agency have to notify clients of carrier ratings? On new business, it is a good ... More Blogs 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 Start up cost for a new agent Posted: Wed Jun 12 -- I used to call on several Great Florida Agents. It has been three years since I have talked to any of them but the agents rarely had... bchill Course of Construction for non licensed contractor Posted: Tue Jun 11 -- This might be out of left field... But it could work. What if the owner/builder hires a GC to come in and supervise the builder/project,... californiadude 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 Garagekeepers Coverage - Florida Account Posted: Tue Jun 11 -- Unfortunately, no one wins in this situation. My advice is to stay away from Legal Liability when writing GKL. Direct Primary is the way to... californiadude 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 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 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 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 Fracking Companies Silence Water Complaints With Sealed Settlements Posted: Mon Jun 10 -- Well James, most likely he doesn't move because who would buy a house with that outside? Same reason home values plunge when fracking moves... Tristan 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 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 Director of P&C Operations Audit and Filing Specialist Underwriter Travel - South Central Region Commercial Lines Actuarial Analyst - Specialty Lines Have a job opening? List it on our Web site. 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