Tuesday, July 30, 2013

Daily Headlines: Tuesday, July 30, 2013

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Insurance Journal Daily Headlines
July 30, 2013
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Today's Headlines

National

Dead Farmers Get Millions in Federal Crop Insurance Payouts

The U.S. Agriculture Department paid out $32 million in soil conservation payments and crop insurance aid to dead farmers from 2008 to ...

AIG to Close Down Savings Bank Unit Due to Dodd-Frank Limits

American International Group Inc. will return funds to customers of its banking unit and shut their accounts as the Dodd-Frank Act places ...

BP Sees No Quick Settlement in Oil Spill Case; Latest Cost Estimate at $42.4B

BP is digging in for a long legal battle over the Gulf of Mexico oil spill, Chief Executive Bob Dudley said on Tuesday after compensation ...

Hartford's Q2 Loss Widens to $190M; P/C Earnings Show Improvement

The Hartford Financial Services Group reported a net loss of $190 million for the 2013 second quarter. The quarterly loss widened compared ...

From MyNewMarkets.com 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...
Carrier Management

Are You Hiring the Wrong Person?

Have you ever applied for a job and wondered why it is offered to someone who appears to be less qualified than you?...
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East

Sandy Aid Tilted Toward Neediest N.J. Homeowners

Federal rules require that at least half of the Superstorm Sandy aid coming to New Jersey goes to residents at or below moderate income ...

Vermont to Offer Voter Registration Through Health Insurance Marketplace

Vermont will become the third state to offer voter registration through its health insurance marketplace later this year. Secretary of ...

Cops Beef Up Patrols for Boaters' Party on N.Y. Lake

Authorities say they'll have vehicle checkpoints on land and marine patrols checking for inebriated boaters at an annual party held in a ...
Midwest

Wisconsin Woman Challenges Cap on Malpractice Damages

A Verona, Wis., woman is challenging a law that caps malpractice damages against University of Wisconsin doctors at $250,000. A Wisconsin ...

Year after Fire, St. Louis Apartment Building to Reopen

A little over a year after a fast-moving fire burned most of a huge apartment complex in St. Louis, Mo.'s Central West End, the complex is ...

Gregory to Lead Ohio BWC's Fraud Investigations Department

Rick Gregory has been selected as director of the Special Investigations Department (SID) at the Ohio Bureau of Workers' Compensation ...
Southeast

Alabama Coastal Residents Bracing for Major Flood Insurance Increases

Flood maps aren't due out for Alabama until next December, but the specter of rising flood insurance premiums is undeniable. Congress, ...

Mississippi School Districts Shocked By Property Insurance Hikes; Cat Losses Cited

Property insurance premiums have skyrocketed for Pine Belt school districts. Some have had problems just finding a company to insure them. ...

Mississippi Student Accused of Shooting Roommate Sues University

A former student accused of shooting his roommate in an off-campus apartment has sued the University of Southern Mississippi, alleging that ...
South Central

Louisiana Recovers $4M in Additional Insurance Payments in First Half 2013

Louisiana insurance policyholders received an additional $4 million in insurance payments in the first half of 2013 as a result of ...

Oklahoma Town Fears Fires Costing City Its History

Seminole, Okla., has suffered through eight fires in three years, causing some to fear that the community is losing its history. Since ...

Pipe Company Suing Liberty Mutual Insurance over 2012 Arkansas Fire

A fire that broke out at Welspun Pipes Inc.'s Little Rock, Ark., facility last year could cost the plant $14.5 million. That's according to ...
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West

Woman Awarded $775K After Tripping At Vegas Casino

A woman who tripped on a speed bump and injured her shoulder at a U.S. casino has been awarded $775,000. The Nevada Supreme Court upheld ...

Man Sues Wyoming Walmart For Wrongful Death

A man who says his wife died after she ate a contaminated cantaloupe purchased at a Sheridan, Wyo. Walmart is suing the retailer. The ...

Arizona Flash Flood Carries Away Tour Bus, None Hurt

Flash flood waters swept a tour bus with 33 people aboard hundreds of yards down a wash in northwestern Arizona and the vehicle flipped on ...

Leavitt Group Names Bosley in California

The Leavitt Group named Renee Bosley as vice president in the employee benefits division in its Sacramento, Calif. office. Bosley ...
International

Italy Crash Kills at Least 38 as Bus Plunges Into Ravine

At least 38 people died when a bus plowed through a guard rail and plunged into a ravine in southern Italy, a police official said. The bus ...

Quebec Gov't. Orders MMA Railway, World Fuel to Pay for Train Crash Cleanup

The Quebec government has ordered the rail and fuel companies involved in a devastating train crash that killed 47 people in the town of ...

Willis Group Hosts Investor Conference

Willis Group Holdings announced an investor conference today in New York City from 1:00 p.m. to 5:00 p.m. EDT. Willis, which last week ...

XL Posts $272.7 Million Q2 Net Income; $221.6 Million Operating

XL Group plc reported the following hihlights in its earnings report for the second quarter of 2013: -- Operating net income for the ...

PartnerRe Posts $175.6 Million Q2 Net Loss; Operating Earnings $51.5 Million

Bermuda-based PartnerRe Ltd. reported a net loss of $175.6 million, or $3.37 per share for the second quarter of 2013. The earnings ...
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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,...
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Oklahoma Opens Up to Captive Insurers

Oklahoma this year will join the ranks of other states that aim to attract and keep captive...

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New Discussions in the Forums

comp in ca for unarmed security firm
Posted: Mon Jul 29 -- Hi Trotter! We had to market a similar account, on a smaller scale last month and we were successful! The Workers Comp portion was difficult... pnik33
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
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

Reader Comments

Jury Awards Oregon Woman $18.6M Over Credit Report
Posted: Mon Jul 29 -- Well deserved- the punitive verdict is necessary to act as a deterrent- Federal Law Mandated corrective action which obviously was ignored... Jack Straw
U.S. Court Rejects Firm's Challenge to Obamacare Contraception Mandate
Posted: Mon Jul 29 -- My Mom was in a serious car accident in 1982 and has had a total of 23 surgeries since then; many for reconstructive surgery due to injuries... Libby
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
Companies Must Disclose CEO-to-Worker Pay Ratios Under SEC Proposal
Posted: Tue Jul 23 -- So you think that business owners are "Socialist Libtards"? The stockholders are the OWNERS of the business, and they have every right to... Don't Call Me Shirley
Halliburton Pleads Guilty to Destroying Gulf Oil Spill Evidence
Posted: Mon Jul 29 -- Trashy? Trash talk, maybe. But that doesn't mean it ain't true, Bob! Libby

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July 22, 2013
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