Daily Headlines: Monday, July 29, 2013

Contact us | Subscribe | Send to a Friend

July 29, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Judge Says Bernanke Should Testify in Greenberg's Suit Against Bailout A U.S. judge said Federal Reserve Chairman Ben Bernanke should be required to testify in the lawsuit by the former chief of American ... Victims in Meningitis Outbreak Cleared to File Product Liability Suits Victims in Tennessee of a deadly U.S. meningitis outbreak won the right to pursue a new avenue of litigation against healthcare facilities ... Could Halliburton's Plea Help BP in Oil Spill LIability Battle? P Plc appeared to gain an edge in the battle over liability for the 2010 Gulf of Mexico spill on Friday, after Halliburton abandoned one of ... Marsh Names Tobin as CEO, Private Client Services Marsh has appointed Kevin Tobin to be CEO of its Private Client Services (PCS).Currently chief operating officer of Marsh's Insurance ... Ironshore Adds Surety Capacity Through Lexon, Boston Indemnity Group IRONSHORE AND LEXON BROADEN ALLIANCE TO INCLUDE BOSTON INDEMNITY GROUP    Ironshore Inc. ("Ironshore") and Lexon Surety Group ("Lexon") ... U.S. Court Rejects Firm's Challenge to Obamacare Contraception Mandate A divided federal appeals court on Friday rejected a Pennsylvania cabinet maker's religion-based challenge to the 2010 healthcare law's ... W.R. Berkley Q2 Profit Up 6%; Rates Up 6.5%; CEO Comments on Berkshire W.R. Berkley Corp. reported $116 million net income for its 2013 second quarter, up more than 6 percent from $109 million net income posted... Insurer Insolvencies Fuel Director Liability; Board Roles Becoming More Complex Member of boards of directors of insurance companies are increasingly concerned about lawsuits they might face in... More National News East Probe: Port Authority of N.Y.-N.J. Paid Too Much for Insurance An internal investigation has found the Port Authority of New York and New Jersey paid millions of dollars in excessive insurance premiums ... New Jersey Flood Victims Face Difficult Buyout Decision Bob and Pat Smith have seen many floods in their 47 years on Water Street, but none as severe as in Superstorm Sandy. Last year's storm ... Ex-Penn State Officials Hearing Revives Sandusky Abuse Case Ex-Pennsylvania State University President Graham Spanier and two other former officials will be in a court hearing today on whether they ... Maryland Court: Bars Not Liable for Patrons' Accidents Maryland's highest court says bars can't be held responsible for accidents their patrons cause after they leave. The Court of Appeals ruled ... New York Increases Fines for Distracted Driving Violations New York Governor Andrew Cuomo announced on July 26 that new and increased fines for distracted driving violations, which includes ... Penn.-Based PMA Companies Appoints Chief Information Officer PMA Companies, a Pennsylvania-based provider of commercial insurance risk management solutions and TPA claims and risk services, announced ... More East News Midwest Kansas Vehicle Dealers Coping With Hail Damage The hailstorm that pounded south-central Kansas last week left automotive dealers with big headaches, but it's also giving prospective ... Barrat to Serve on Arthur J. Gallagher & Co. Board Itasca, Ill.-based insurance brokerage, Arthur J. Gallagher & Co., has elected Sherry S. Barrat to serve on the company's board of ... Kansas Couple Awarded $202K in Lawsuit Over Problem Dam A Hutchinson, Kan., couple who bought a home without being told they would be responsible for maintaining a dam on the property has been ... More Midwest News Southeast High Water Levels at Florida's Lake Okeechobee The Army Corps of Engineers has activated its emergency operations center in response to high water levels at Lake Okeechobee. The corps' ... Christian Health Program Medi-Share Back in Business in Kentucky A Christian health program is back in operation in Kentucky, paying medical bills for churchgoers who pledge not to smoke, drink or engage ... North Carolina Suffers Fourth Flash Flood in 4 Months A series of thunderstorms moving across western North Carolina has triggered what meteorologists are calling major flash flooding. The ... More Southeast News South Central Texas Mutual Pays $175M Policyholder Dividend Texas Mutual Insurance Co. announced it has begun distributing $175 million in dividends among approximately 40,000 policyholders. ... Texas Woman Seeks $1M After Slipping on Nut Shells A Texas woman wants $1 million in damages from a steakhouse known for letting patrons throw peanut shells on the floor after she says she ... Sullivan to Join Texas Division of Workers' Comp as Deputy Commissioner The Texas Department of Insurance, Division of Workers' Compensation (TDI-DWC) announced that Kerry D. Sullivan will join the agency as ... More South Central News West Tropical Storm Flossie May Become First to Hit Hawaii Since 1992 Tropical Storm Flossie, which may become the first such system to hit Hawaii in 21 years, closed ports as it pounded parts of the state ... State Farm Targets NV Energy for Subrogation Over Reno Wildfire State Farm Insurance plans to seek action against NV Energy for claims stemming from a November 2011 wildfire in Reno, Nev. sparked by ... Jury Awards Oregon Woman $18.6M Over Credit Report A federal jury in Oregon has awarded $18.6 million to a woman who spent two years unsuccessfully trying to get Equifax Information Services ... Relatives Of Montana Man Sue Hospital Over Opiate Patch Death Relatives of a Montana man who died of a drug overdose following surgery at a hospital in Cody, Wyo., have filed a federal lawsuit claiming ... Groups Attack Watchdog Effort to Raise Medical Malpractice Bar in California Under a measure being pursued for next year's ballot by Consumer Watchdog California voters will have the opportunity to boost the cap on ... More West News International Allianz, QBE Have Largest Exposures to Spain Train Crash Germany's Allianz and Australian group QBE bear the bulk of the insurance liability from this week's fatal train crash in northwest Spain, ... Tokio Marine Targets Asean for Expansion Abroad: Southeast Asia Tokio Marine Holdings Inc., Japan's second-largest non-life insurer, is seeking to expand in Southeast Asia as Japan's shrinking population ... Aon UK Hosts Operational Risk Modeling Discussion with Bank of England Aon UK Limited, the UK arm of Aon plc, which in addition to traditional insurance activities, also provides risk management, human resource ... Aon Reports 3% Q2 Revenue Growth; $241 Million Net Income Aon's earnings report of its results for the second quarter of 2013 showed a pattern of growth throughout the organization. Total revenue ... Hiscox First-Half Profit Jumps 44%; Net Income $278 Million Hiscox Ltd., the second-biggest Lloyd's of London insurer by market value, said first-half profit jumped 44 percent, beating analyst ... Allied World Reports $1.9 Million Q2 Net Loss; Operating Income Increases Allied World Assurance Company Holdings, AG reported a net loss of $1.9 million, or $0.05 per diluted share, for the second quarter of 2013 ... Allied World Bermuda Launches Liability Coverage for ACOs Allied World Bermuda has launched a new accountable care organization (ACOs) liability product for Bermuda-based clients. The product ... More International News Join the Insurance Journal Network Insurance Journal TV From 3D Printing to Driverless Cars: Emerging Risks on the Horizon New technology is happening all the time, and with that comes new risks, says Graeme Newman,... Watch Now Oklahoma Opens Up to Captive Insurers Oklahoma this year will join the ranks of other states that aim to attract and keep captive... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Fiberglass Manufacturer in South Carolina Posted: Mon Jul 29 -- Does anyone know of any exclusive programs with various brokerage firms for a fiberglass manufacturer? The products are designed to serve... Insproducer Why I believe in insurance agents Posted: Sat Jul 27 -- Why don't doctors and lawyers advertise with cheesy cartoon characters? Emma Trying To Place: Public Livery Delaware Posted: Fri Jul 26 -- I have a complete application and loss runs for an account that does non-emergency medical transportation. They have been in business for 12... DIG2013 Hotels in Ca Posted: Fri Jul 26 -- I do hotel/motel/condo/apartments all day long, even with CAT exposure. If you are still in need of assistance, give me a call to discuss.... aasquith comp in ca for unarmed security firm Posted: Thu Jul 25 -- New in business payroll projected at $300000. Needing coverage asap as always. Peo will work also. I think Zurich has possible min. premium... trotter Need comp in ca code 5474 painting Posted: Thu Jul 25 -- 100000 in payroll. 'insured was with Ullico and they went insolvent so insured has had a lapse since 6/30/ 2013. Insured had been with... trotter The Age Old Question-How much to split Posted: Tue Jul 23 -- I'll tell you what. I will let you come into my agency and take it over. Just give me 70% of the commissions and you can run it and have the... gforaker Which form to write D&O coverage on- opinion needed Posted: Tue Jul 23 -- If you had a privately held company (family owned) that owned and operated several nursing homes in a 5 states would you write the D&O on a... ALS Go to Forums Reader Comments Companies Must Disclose CEO-to-Worker Pay Ratios Under SEC Proposal Posted: Mon Jul 22 -- "Across the Standard & Poor's 500 Index of companies, the average multiple of CEO compensation to that of rank-and-file workers is 204, up... Libby Insurers, Republicans Part Ways Over Global Warming Posted: Mon Jul 22 -- Agent: The fossil fuels emissions numbers are about 100 times bigger than even the maximum estimated volcanic CO2 fluxes. Counter claims... Libby Investors See Travelers' Cuts in Auto as Sign Rate Hikes Have Peaked Posted: Wed Jul 24 -- I know in Oregon they will not write a stand alone home policy anymore either. They only want auto or package business, and they are just... LP Halliburton Pleads Guilty to Destroying Gulf Oil Spill Evidence Posted: Fri Jul 26 -- somehow, someway, this has to be connected to Cheney. Yep, and then Bush. Remember those guys??? ralph Hobby Lobby Wins Stay Against Birth Control Mandate Posted: Wed Jul 24 -- Libby says, "Take your proselytizing and stick it where the sun don't shine. You're one of the worst examples of a Christian I have seen... 1ofMany Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue July 22, 2013 Excess, Surplus & Specialty Markets Directory, Volume II 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 Agency Advocate - Commercial Lines CSR Personal Lines Account Manager/CSR Commercial Lines CSR/Placer Commercial Lines Customer Service Representative 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.