Daily Headlines: Friday, July 12, 2013

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July 12, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Some Victims Appeal Medical Benefits in BP Oil Spill Settlement as 'Unfair' The medical benefits portion of BP Plc's settlement over the 2010 Gulf of Mexico oil spill is "substantively unfair" and approval of the ... MarketScout Expands Private Client Services, Hires New Executive Leadership MarketScout, the national electronic insurance exchange and specialty MGA with headquarters in Dallas, has expanded its nationwide ... House Passes Republican Farm Bill Without Food Stamps House Republicans passed a five-year U.S. farm-policy bill that retains subsidies to farmers and strips out food-stamp spending, costing it ... Bipartisan Senate Megabank Bill Would Split Banking from Insurance, Other Risks A small bipartisan group of U.S. senators on Thursday introduced legislation that would break up Wall Street's megabanks by separating ... MarketScout: Commercial, Personal Lines Rates Rise; New Insurers Eye HNW Space Increases for commercial property/casualty insurance rates in the United States were again about 5 percent during June, the fourth straight... Insurance Regulators Brace For UBI, Other Tech-Related Issues Should auto insurers be able to monitor the sleep patterns of their policyholders? The question is not as far-fetched as... More National News East Ex-Penn State President Spanier Files Notice to Sue Louis Freeh Former Pennsylvania State University President Graham Spanier filed notice of plans to sue Louis Freeh, the former FBI director whose ... Rhode Island Plans Crackdown on Uninsured Drivers Rhode Island officials are planning a crackdown on drivers whose vehicles aren't insured. Lawmakers have sent a bill to Gov. Lincoln Chafee ... New Jersey Report Links Corrupt Doctors to Drug Abuse The buzz came mostly by word-of-mouth but also from flyers circulated among New Jersey's homeless Medicaid recipients and drug addicts. It ... Sandy-Damaged Homes in New Jersey Starting to Be Leveled Along the New Jersey shore this year, the sounds of summer include earth-moving equipment still cleaning up the devastation wrought last ... GEICO to Host Job Fairs for Adjusters in Philadelphia, Pittsburgh Next Week Auto insurer GEICO said it will host two job fairs for auto damage adjusters in Pennsylvania on July 16 and 18. On Tuesday, July 16, the ... More East News Midwest Missouri Governor Signs Bill Replenishing Disabled Workers Fund Missouri Gov. Jay Nixon has signed legislation raising charges on businesses to replenish an insolvent state fund that provides benefits to ... Hylant Promotes O'Donnell to Global Practice Executive Toledo, Ohio-based insurance brokerage, Hylant, recently promoted Kevin O'Donnell to Global Practice Executive (GPE). He is based in ... Indiana Melon Growers Face New FDA Rules after Salmonella Outbreak Southwestern Indiana's melon growers are facing new federal regulations following last year's salmonella outbreak that killed three people ... 26 Motorcyclists Killed on Minnesota Roads This Year The year so far has been a deadly one for motorcycle riders in Minnesota. The state Department of Public Safety says 26 motorcyclists have ... Wellmark to Close Subsidiary in Sioux City, Iowa Iowa's largest health insurer is closing its Sioux City office and eliminating more than 100 local jobs. Wellmark Blue Cross & Blue Shield ... More Midwest News Southeast Georgia Regulators' Meals, Golf Paid by Insurance Agents Under Scrutiny Georgia's top insurance regulator and two senior staffers accepted $100-per-head meals and, in one case, a round of golf last month funded ... Florida Consumer Advocate to Review Insurers' Homeowners Claims Handling Florida's insurance consumer advocate is launching a group to look at how insurance companies are handling claims from homeowners. Robin ... More Southeast News South Central Insurance Committee Chairman Named CEO of Louisiana Health Cooperative Louisiana Health Cooperative Inc. has a new chief executive. The company this week named state Rep. Greg Cromer, a Republican representing ... Louisiana Woman Faces Murder Charge in Arson-for-Insurance Scheme A woman accused of igniting a deadly bakery fire in Gretna, La., last month is facing murder charges after authorities said she torched her ... HCC Insurance Holdings Names Srinivasa as Chief Information Officer Houston-based HCC Insurance Holdings Inc. announced that Parthasarathy Srinivasa has joined HCC as senior vice president and chief ... Regulators Fine Fayetteville, Arkansas Builder Over Worker's Death Federal safety regulators have fined a construction company for the death of a worker at a Fayetteville, Ark., apartment complex. The ... More South Central News West San Bernardino Bondholder, Insurer Support Bankruptcy Filing San Bernardino should be allowed to stay in bankruptcy, bond insurer Ambac Assurance Co. and a bondholder owed $50 million said in court ... President Signs Disaster Declaration For Montana Floods President Barack Obama has signed a disaster declaration making federal money available to help the state, local and tribal governments ... Meteorologists Warn Of Wyoming Burn-Area Floods, Slides Meteorologists are warning of possible flash floods and mudslides in many of the areas burned by Wyoming's numerous wildfires last year. ... Arizona Governor Asks Obama to Declare Yarnell Fire Disaster Arizona Gov. Jan Brewer wants President Barack Obama to declare the area around the Yarnell Hill fire a disaster area. Brewer sent a letter ... Wildfires, Hail Take Toll on Colorado Homeowners Insurance It's safe to say there's a lot going on in the homeowners insurance scene in Colorado, where homeowners insurance rates are likely to be on ... California Department of Insurance Settles with Zurich over Workers' Comp The California Department of Insurance announced a settlement with Zurich American Insurance Co. and Zurich American Insurance Co. of ... Kaufman Financial Taps Brady To Lead Burns & Wilcox Brokerage The Kaufman Financial Group named Denis Brady president of Burns & Wilcox Brokerage, an independent business unit that will be solely ... More West News International Taiwan Braces for Direct Hit as Typhoon Soulik Approaches Taiwan is bracing for a direct hit by Typhoon Soulik early tomorrow, prompting precautionary evacuations due to the risk of landslides, and ... Heavy Rains Cause Major Floods, Mudslides in China: AIR Worldwide AIR Worldwide reports that "days of heavy rain across the mountainous Yunnan and Sichuan provinces of southwestern China have caused ... Swiss Re in Talks with Phoenix on Admin Re Merger Swiss Re Ltd., the world's second- biggest reinsurer, said it's in preliminary talks about combining its Admin Re business with Phoenix ... New China Life Falls as Zurich Insurance Sells Shares New China Life Insurance Co. fell by the most in almost a year in Hong Kong after Zurich Insurance Co. sold 97.5 million shares in the ... Best Places Torus Insurance and Subs Ratings under Review/Negative A.M. Best Europe - Rating Services Limited has placed under review with negative implications the financial strength rating (FSR) of 'A-' ... Lloyd's Insurer Advent Names Fitzgerald as CEO Lloyd's insurer Advent has named Nigel Fitzgerald as chief executive officer. The company said the appointment completes his planned ... More International News 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 Removing a Named Insured Posted: Fri Jul 12 -- Can a the first named insured remove another named insured with only the signature of the first named insured? This is a debate I have seen... ishootfriendlies Medical malpractice for all states Posted: Fri Jul 12 -- I can help you with this. How shall I contact you? MedMal Man Life Insurance Companies for Independent Agents? Posted: Thu Jul 11 -- Thanks ishootfriendlies, I just called them but they are Brokers. I am actually looking for direct contact with the carriers so I avoid all... manny79 The Age Old Question-How much to split Posted: Thu Jul 11 -- Aside from the low production, I will try to answer your question from the point of view of an agent who was at an agency not too long ago... ILguyonown Applied Underwriters / Equity Comp Posted: Thu Jul 11 -- Does anyone have experience they could share (good or bad) with Applied's Equity Comp product? This would be the standalone WC product for... SFINS National Agents Alliance? Legit or Keep Away? Posted: Wed Jul 10 -- This sounds like a MLM. Did not read every post, but when people who are in the company responds to the question "Is this an MLM?" by saying... ishootfriendlies Insurance Noodle vs. Superior Access vs. Agent Secure Posted: Wed Jul 10 -- I have done research looking for a network/cluster for my agency. We are 4 years old, located in New York City with over $20mm in premium.... mschwartz Opt Out Info for Marketing Email Solicitations Posted: Mon Jul 8 -- If you are a Florida licensed agent, CSR or appraiser and you are sick to death of getting hundreds of email solicitations from every... Lcan250 buying commercial lines leads... Posted: Mon Jul 8 -- Waste.of.money Big Dog Go to Forums Reader Comments Employer Health Insurance Mandate Delayed Until 2015 Posted: Fri Jul 5 -- Field Museum is spectacular. You've seen pieces of it in movies, for sure. Glad to hear she had a nice time. Yes, Sue the T-rex is... Captain Planet In Past Decade, World Experienced Unprecedented Climate Extremes: WMO Posted: Fri Jul 5 -- Global Warming is taking place on Mars too. Haven't Libby and all the other low information posters looked at the scandals of climategate... water bug House May Split Food Stamps from Rest of Farm Bill Posted: Wed Jul 10 -- Say it with me Republicans - 'NON-STARTER'! Quit pandering and get something done already. And to Huh! - I think you mean Big Ag and... Captain Planet Lawsuit Filed Over Utah Boy's Falling Tombstone Death Posted: Mon Jul 8 -- Nice story. Who in the world is Erickson and why do we care what he has to say? Baxtor States Brace for Web Barrage When Obamacare Goes Live Oct. 1 Posted: Fri Jul 5 -- Actually Agent, I have never said I thought Obamacare was the right approach. Just that it's the only approach anyone has been able to get... 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