Daily Headlines: Tuesday, August 20, 2013

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August 20, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Safety Probes at Risk Without More Funding: NTSB The U.S. National Transportation Safety Board, handling the most accident investigations since the 1990s, is "going to have to let some ... Powerful Documentary Aims to Show Texting Drivers 'It Can Wait' There are many stories of people who took their eyes off the road for a second to read or type a message and ended up in an accident that ... Government Wins Bid to Apply FIRREA Fraud Law in Banks' Mortgage Cases A federal judge has endorsed a broad interpretation of a savings-and-loan era law that the U.S. Justice Department is trying to use in ... Workers' Compensation Benefits, Employer Costs Rise: Study Both workers' compensation benefits paid to insureds and costs for employers increased in 2011, a new study released today revealed. Total ... Former Willis Group CEO Plumeri Joins KKR KKR & Co., the buyout firm run by Henry Kravis and George Roberts, hired former insurance executive Joseph Plumeri as a senior adviser to ... Ironshore Specialty Launches Claims-Made Policy Form for Product Liability Risks Ironshore Inc.'s Specialty Casualty unit is launching a new claims-made policy form to complement its suite of products and services ... 10 Things to Know About the Trucking Industry 1. Intermodal is the transfer of products using multiple forms of transportation — trucks, railroads or ocean carriers. In 2012,... Willis Redux of Aon-Berkshire Scheme Will Be Negative for Lloyd's: Moody's Reacting to news that Willis Group Holdings is close to signing up insurers for a "passive underwriting scheme" at... More National News East Hurricane Sandy Rebuilding Task Force Addresses Insurance Challenges The Hurricane Sandy Rebuilding Task Force, led by the U.S. Department of Housing and Urban Development, issued a report Monday that ... GEICO Names Assistant VP of Claims Operation in Buffalo, N.Y. David Hodge has been named assistant vice president of claims for auto insurer GEICO's Buffalo, N.Y., regional office. Hodge previously ... Hurricane Task Force Recommends Resilient Power for Wireless U.S. wireless communications networks should be made more resilient in extreme weather emergencies, according to a government task force ... Maryland Automobile Insurance Fund Withdraws Proposal to Gain Policy Rights The Maryland Automobile Insurance Fund (MAIF) -- the auto insurance market of last resort in Maryland -- last week withdrew its proposal to ... Fidelis Group Holdings Names 2 Managing Directors for New Inland Marine Unit in N.Y. Fidelis Group Holdings LLC, through its subsidiary company Continental Underwriters Ltd., announced the formation of its new inland marine ... More East News Midwest Missouri Insurance Department Begins Testing for Navigator Licensing The Missouri Department of Insurance has released testing information for individuals applying for a license as a navigator. The testing is ... St. Jacques to Lead IMA Energy Team in Wichita IMA Inc. announced that Brian St. Jacques has joined the firm as leader of its oil and gas and alternative energy team in Wichita, Kan. ... Illinois Governor Signs Gun Law on Background Checks, Thefts Illinois gun owners who fail to report the theft or loss of a weapon will face tougher restrictions under a new law signed by Gov. Pat ... More Midwest News Southeast Mississippi Coast Property Owners Told to Buy Flood Insurance Now to Save With the eighth anniversary of Hurricane Katrina near, homeowners along the Mississippi Coast also have to brace for possible rate ... Georgia Southern University Using Helmet Sensors to Detect Concussions In one football practice, some players may take several hits, while others take a few big blows. For coaches and trainers, keeping track of ... Electronics Firm AVX Appeals South Carolina $750K Pollution Verdict Electronics manufacturer AVX Corp. is appealing a $750,000 verdict in a pollution lawsuit. A state jury awarded the damages earlier this ... More Southeast News South Central Oklahoma Pilot Program to Seek Medical Cost Reduction A $3.8 million pilot program is to start on Jan. 1 to see if it can lower healthcare costs for 15,000 Oklahoma state employees and their ... Louisiana Flood Board Votes to Continue Oil, Gas Lawsuit A New Orleans-area flood control board has refused to back down from its lawsuit seeking damages from nearly 100 oil and gas companies over ... Louisiana Exports Hit Record $29B for 6-Month Period Louisiana's worldwide exports increased 3.4 percent to a record $29.0 billion in the first six months of 2013, compared to the same period ... More South Central News West Cause of Limo Fire in California That Killed 5 Revealed Recordings of the 911 calls released Monday captured witnesses, including some who had just escaped the limo, recounting the last moments ... The Buckner Co. Opens Third Office in Idaho, Taps Williams The Buckner Co. opened a new office in Boise, Idaho and named as head of the operations Chad Williams, who spent the past decade in the ... Earthquake Simulator Shakes Alaskan Complacency An 8.0 magnitude earthquake sounds like a freight train and feels like the worst-ever air turbulence. Bookshelves tumble. Computers and ... Police: Driver Of Crashed Las Vegas Bus Admits Smoking Spice Police in Las Vegas say the driver of an empty tour bus involved in a chain-reaction crash that injured 12 people admitted smoking ... More West News International Fukushima Plant Springs Another Leak in Battle with Radioactive Water Tokyo Electric Power Co. reported another breach of the defenses it has built at the Fukushima nuclear plant in its more than two-year ... CCRIF Countries Renew Catastrophe Insurance Policies for 2013/14 The sixteen member governments of the Caribbean Catastrophe Risk Insurance Facility (CCRIF) have renewed their hurricane and earthquake ... Cat Bonds Rally with Hurricane Season Advancing: Credit Market Recap Gains on catastrophe bonds are poised to exceed returns on speculative-grade company debt by the most since 2008 as the Atlantic hurricane ... QBE Net Income Falls 37% on Claims, Lower U.S. Premiums QBE Insurance Group Ltd., Australia's largest insurer by market value, posted a 37 percent fall in first-half net income as premiums fell ... More International News Join the Insurance Journal Network Insurance Journal TV Opportunity in ACA Reprieve Shawn P. Pynes, a principal with Barney & Barney LLC in San Diego, sees the temporary reprieve... Watch Now 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 Watch more videos at InsuranceJournal.tv New Discussions in the Forums Feedback - Good, Bad, Ugly on the following Aggregators/GAs Posted: Mon Aug 19 -- Hello, I am doing some research on some GAs. Please reply to this post if you have any comments, good or bad, on the following... cbevington What is your biggest pain as an agent? Posted: Mon Aug 19 -- Think about getting a stand up desk. Just google "stand up desk". There are many options. jtownagent Insurance agencies for sale ? Posted: Thu Aug 15 -- Good question. If you don't have an existing agency, my recommendations is to always start an agency for several reasons. The only... CoJones CPCU - Advice Posted: Tue Aug 13 -- Those programs to complete both your CPCU and a bachelor's are exactly what a lot of us in this field need. To this point: Joel, your story... BWilliams2 Need comp in ca code 5474 painting Posted: Mon Aug 12 -- 100000 in payroll. 'insured was with Ullico and they went insolvent so insured has had a lapse since 6/30/ 2013.... ABMCalifornia Hotels in Ca Posted: Sun Aug 11 -- I need coverage for a hotel BOP in Crestline Ca 92325. Farmers getting off risk due to location. Thanks... ABMCalifornia Met Life Retirement Insurance Posted: Sun Aug 11 -- Thanks for taking the time to voice your experience. I've heard plenty of horror stories from clients myself. ABMCalifornia Why I believe in insurance agents Posted: Sat Aug 10 -- Is a cartoon gecko or a comedian in a white dress and bright red lipstick really the best our industry can do... ABMCalifornia Canadian Auto ID Cards Posted: Wed Aug 7 -- Our lead insurance company supplies them to us. gforaker Go to Forums Reader Comments Obama to Meet with Regulators on Dodd-Frank Law Status Posted: Mon Aug 19 -- How about sitting down with the IRS, and Firing those that targeted US Citizens for political reasons? Oh I forgot, he was the one who asked... Sarah Flooded Colorado Businesses Struggle Without Insurance Posted: Fri Aug 16 -- Of course lets give them government grants. We're loaded. If you can't afford to run a business, then I guess you shouldn't own a business.... Baxtor North Carolina Bureau, Insurers to Pay 2 Innocent Men $12M Posted: Wed Aug 14 -- No amount of money can replace what was taken away from these men. At least they will have enough money to live out the rest of their lives... Libby Judge Strikes Down LAPD Car Impound Policy Posted: Wed Aug 14 -- I understand all the words used in this article, but they make no sense in the order they have been written. jw Idaho Man Sues Experian, Says Credit Report Wrong Posted: Mon Aug 19 -- It's doubtful that Experian or those who use their data really care how are lives are impacted by their attitude. Most of the underwriters... Huh! 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