Daily Headlines: Thursday, July 11, 2013

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July 11, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National House Effort to Revive Farm, Crop Insurance Bill Fails Republican leaders in the House of Representative hit a dead end on Wednesday in an effort to revive the $500 billion, five-year U.S. farm ... Top 10 U.S. Aircraft Insurers: SNL American International Group Inc. (AIG) has been reported to be the lead insurer for the recent Asiana Flight 214 tragedy in San Francisco. ... Walgreen, Blue Cross to Aid in Educating Public on Obamacare Walgreen Co., the biggest U.S. drugstore chain, agreed to join with the largest federation of health insurers to promote the Affordable ... Republicans Press for Delay in Obamacare Individual Mandate Framing a new argument against President Barack Obama's health care law, congressional GOP leaders called this week for a delay in the ... Progressive Premium Revenue Climbs, Profit More Than Doubles Progressive Corp., the fourth- largest U.S. auto insurer, said profit more than doubled as premium revenue climbed after the company raised ... PSDA Expands Firearm Coverage for Retired Law Enforcement The Public Servants Defense Agency (PSDA) has broadened coverage available to retirees allowed to carry firearms under the Law Enforcement ... Keeping Up with Emerging Risks a Struggle for Insurance Industry For an industry that depends on lots of data to develop products and price them according to risk, the insurance industry finds covering new... 'Breakaway' Pricing Seen From Capital Markets Pressuring Traditional Re With third-party investors putting increased levels of capital into catastrophe bonds, sidecars and collateralized... More National News East Pennsylvania Lawmakers Hold Hearing on Fatal Building Collapse Pennsylvania lawmakers are considering stricter regulations on demolition projects in the wake of a building collapse in downtown ... Pennsylvania Lumbermens Mutual, Indiana Lumbermens Mutual Announce Affiliation Pennsylvania Lumbermens Mutual Insurance Company and Indiana Lumbermens Mutual Insurance Company announced on Wednesday that they have ... Maryland's Highest Court Upholds Contributory Negligence Law Maryland's highest court has upheld a law that prevents someone from recovering damages in a lawsuit if they are found to be partly at ... Maryland Court Rules Asbestos Firms Not Responsible for Family Exposure An asbestos company is not liable for an illness suffered by a woman who became exposed to the hazardous material while doing her ... New York Recovers $1.1B in Unclaimed Life Insurance Benefits New York officials say they have helped recover more than $1.1 billion in unclaimed life insurance benefits nationwide. The state's ... More East News Midwest Michigan: Bulk of Insurance Complaints in 2012 Concerned Claims Handling The Department of Insurance and Financial Services (DIFS) says consumers in 2012 filed more than 3,000 complaints against insurance ... Insurer Fined by South Dakota Says It Is Now in Full Compliance A Nebraska-based insurance company that is being fined $325,000 for violating South Dakota laws and regulations says it has taken steps to ... Missouri to Allow Digital Proof-of-Insurance Cards The panic attacks soon could be a thing of the past for Missouri motorists searching frantically through their glove boxes for a ... Storm Does Heavy Damage at Small North Dakota Airport The airport in the western North Dakota town of Killdeer is being cleaned up after a storm destroyed a hangar and damaged three airplanes. ... Kansas Commissioner Names New Consumer Assistance Director, Managers Sandy Praeger, Commissioner of Insurance in Kansas, has named Steve O'Neil as Consumer Assistance Division director and LeAnn Crow and ... More Midwest News Southeast North Carolina May Shield Firms from Obesity Lawsuits North Carolina companies that manufacture, advertise or distribute food could soon have additional legal protections from lawsuits by ... Ex-Bengals Cheerleader Testifies in Kentucky Libel Case Posts on a gossip website that a former Cincinnati Bengals cheerleader is suing for defamation were so devastating that she once considered ... Mississippi Football Player's Family Settles Wrongful Death Claim with School, NCAA The family of a Mississippi football player who died following a workout in 2010 has reached a settlement in a wrongful death lawsuit ... More Southeast News South Central Louisiana Officials Want to Speed up Disposal of Blighted Property With thousands of properties caught in a three-year legal holding pattern, Baton Rouge, La., and other officials across the state want the ... Randall Named ACSR of the Year by Texas Independent Agents The Independent Insurance Agents of Texas (IIAT) has named Delia (Dee) Randall, personal lines ACSR at Duncan Fraser & Bridges Insurance ... Well Leaks Natural Gas in Gulf Off Louisiana Coast Natural gas began leaking on July 8 from an old, non-producing well at an oil and gas platform in the Gulf of Mexico about 75 miles off the ... Class Status Denied in Cowboy Stadium Super Bowl Seating Lawsuit A judge in Texas has denied class-action status in a lawsuit filed by ticket-holders who were displaced when seats weren't properly ... More South Central News West Former Idaho Councilman Waives Preliminary in Insurance Fraud A former councilman for the eastern Idaho city of Rigby has waived his preliminary hearing on felony charges of insurance fraud and grand ... Another Company Accused in Colorado Contamination A third company has been accused of safety violations in connection with efforts to clean up a natural gas liquids spill involving a ... Third Lawsuit Filed Over Montana Crude Oil Spill A third lawsuit has been filed by property owners alleging damages from an Exxon Mobil Corp. oil spill that dumped an estimated 63,000 ... DIR: California's Alternative Security Program Frees $7.7 Billion Christine Baker, director of the Department of Industrial Relations, on Wednesday approved the implementation of the 2013/14 Alternative ... One Risk Names Wakamoto-Lee Vice President in California Pleasanton, Calif.-based One Risk Group LLC named Sue Wakamoto-Lee vice president in its employee benefits practice. At One Risk Group, ... More West News International Europe's Floods Top Aon Benfield's List of June's Catastrophes The latest report from Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, which reviews the ... Deadly Quebec Train Crash Creates Fertile Ground for Lawsuits As investigators try to piece together how a parked oil freight train broke free and demolished the heart of a small Quebec town last ... Taiwan Sounds Sea Warning as Severe Typhoon Soulik Approaches Taiwan told people to clear the seas as a storm with winds gusting as fast as 227 kilometers (141 miles) per hour loomed off its eastern ... 'Commercial Ties,' 'Economic Growth' Top EU/U.S. Trade Talk Agenda Marjorie Chorlins, the U.S. Chamber of Commerce Senior Director for Europe, issued a statement itemizing the Chamber's views on the opening ... XL Estimates Q2 Losses at $135 Million XL Group plc announced its preliminary net loss estimate in the second quarter of 2013 of approximately $135 million relating to natural ... Dwane Named President, CEO of AIG's Latin American P/C Business American International Group has appointed Jim Dwane as the new president and CEO for its property/casualty business in Latin America and ... Best Europe Affirms 'A+' Ratings of Allianz SE and Subsidiaries A.M. Best Europe - Rating Services Limited has affirmed the financial strength rating (FSR) of 'A+' (Superior) and issuer credit ratings ... 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 The Age Old Question-How much to split Posted: Thu Jul 11 -- Sorry to say but $55K gross commission is way too low for 8 years on the job. I know there are differnces in pay geographically but if I... NYagent301 Medical malpractice for all states Posted: Thu Jul 11 -- A word of caution - avoid RRG's or any low or unrated (by A.M. Best) carriers, as many hospital systems have specific minimuim requirements. Big Dog Life Insurance Companies for Independent Agents? Posted: Wed Jul 10 -- I have worked with FAIU (faiu.com) in the past, and been very pleased. There are a lot of operations like them out there. Just pick one and... ishootfriendlies 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 Exotic car, bad driver!! Posted: Sun Jul 7 -- I think you are right but before getting the car, he can be a good driver by practicing with a normal car ... Rodney Bush Insurance agencies for sale ? Posted: Fri Jul 5 -- If you are looking for one in the NYC area, shoot me a PM. I have something for you. jameskshaffer Go to Forums Reader Comments Another Obamacare Requirement Delayed Posted: Mon Jul 8 -- If this is keeping you up at night, it would explain your irrational remarks. Celtica 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 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... Libby 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... 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