Daily Headlines: Wednesday, October 16, 2013

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October 16, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Rural Groups Push Back on Crop Insurance Cuts Rural groups say they'll fight a proposed $100 million-a-year cut in crop insurance subsidies, a measure that has won the support of both ... A.M. Best, Fitch Explain Recent Downgrades of Tower Group Rating agencies have downgraded Tower Group following the insurer's announcement of loss reserve and goodwill charges in excess of what was ... Supreme Court Tackles Suits Against Firms for Human Rights Violations Abroad A majority of U.S. Supreme Court justices raised doubts on Tuesday over whether Daimler AG can be sued in federal court for allegations ... AIG Launches Product Recall Estimate Service, Raises Contaminated Product Limits In response to the growing financial impact and frequency of product recalls for food and beverage manufacturers, distributors and ... Concerns Over Cyber Security Risks Outweigh Traditional Risks for Large Firms: Study Cyber security risks have become more worrisome to large organizations than traditional natural catastrophe risks, according to a new study... New York Ranks No. 2 Behind Calif. for Questionable Workers Comp Claims New York is second in the nation, only behind California, for questionable workers compensation insurance claims. New... More National News East Mass. AG Proposes Limiting Amount of Mandatory Flood Insurance for Homeowners In an effort to assist homeowners facing significant flood insurance increases due to FEMA's updated and expanded flood zone maps, ... Connecticut Announces Its 3rd Licensed Captive Insurance Company Connecticut Gov. Dannel P. Malloy announced this month that the corporate owner of one of the largest grocery store chains in New York City ... Many New Yorkers Say City's Storm Risk Rising: Swiss Re Survey Fifty-one percent of New Yorkers believe that the risk of their city being hit by another powerful storm will increase over the next two ... Vermont City Buys Insurance Amid F-35 Debate Burlington, Vermont's largest city, has purchased an insurance policy for protection against potential lawsuits in connection with its ... Hiscox Appoints General Liability Underwriting Leader in New York Hiscox, the international specialist insurer, today announced that Angela Adams has been appointed as vice president, general liability ... More East News 7 Bestselling Insurance Courses on sale this week at Academy of Insurance - Property Valuation, Essential Personal Lines, Work Comp Large Deductible Plans, Future of Work Comp Mod, Gaps in Home and Auto Coverage - click here to see the courses Midwest Flood Appointed Michigan's Insurance Director; Clinton Named State Treasurer Ann Flood has been selected to lead the Michigan Department of Insurance and Financial Services upon the appointment of current ... 46 Chiropractors Accused in Minnesota No-Fault Kickback Scheme A federal lawsuit filed Oct. 14 accuses a diagnostic imaging company and 46 chiropractors of engaging in an elaborate kickback scheme aimed ... Study: Michigan Auto Costs Can Drop if Lifetime Care Stays Michigan can lower auto insurance premiums without making major changes to the state's no-fault system proposed in legislation that has ... More Midwest News Southeast Florida Supports Mississippi Suit Against Flood Insurance Hikes Florida officials plan to file a brief in support of Mississippi's lawsuit against the federal government in an attempt to block flood ... TVA's Insurer Ordered to Pay $42 Million Toward Ash Spill Cleanup About $42 million has been recovered in the last week by the Tennessee Valley Authority to help pay for more than $1 billion in expenses ... Florida Clinic Owner Could Get 75 Years in PIP Fraud Case A Florida clinic owner is facing up to 75 years in prison for being involved in a scheme to fraudulently obtain medical payments under the ... More Southeast News South Central Ex-Halliburton Manager Pleads Guilty in BP Case A former Halliburton manager pleaded guilty on Oct. 15 to destroying evidence in the aftermath of the deadly rig explosion that spawned ... Oklahoma Landowner Liability Bill Becomes Effective Nov. 1 Landowners in Oklahoma should be aware that a bill limiting liability for use of their privately owned airfields will become effective Nov. ... Burnett Named Chief of Oklahoma Workers' Comp Fraud Unit Oklahoma Attorney General Scott Pruitt has named longtime prosecutor George Burnett as the new chief of the Workers' Compensation, ... Univ. of Louisiana-Lafayette Gets Grant for Disaster Database A research center at the University of Louisiana-Lafayette has received a $1.3 million grant to build a tool to educate property owners ... More South Central News West Group Pushes For Lower DUI Standard in Utah A conservative think tank and advocate for harsher liquor laws in Utah is pushing to lower the legal limit for a driver's blood alcohol ... 2nd Worker Dies At 49ers Stadium Construction Site In California All work has stopped at the new $1.2 billion San Francisco 49ers showcase stadium while police, firefighters and state workplace safety ... Interesting but Quiet Year for California Lawmakers on Workers' Comp After the behemoth workers' compensation reform law passed in 2012, state lawmakers this year enacted only a handful of measures that may ... More West News International At least 8 Killed as Typhoon Wipha Sideswipes Tokyo; Moves on Eight people were killed and over 30 missing, with nearly 20,000 people ordered to evacuate and hundreds of flights cancelled as Typhoon ... AIR Worldwide Analyzes 'Significant Damage' from Cyclone Phailin According to catastrophe modeling firm AIR Worldwide "Very Severe Cyclonic Storm Phailin made landfall on the eastern coast of India near ... Philippines Freezes Prices in Quake Zone as Death Toll Hits 107 The Philippines froze prices for basic goods to prevent gouging in an area cut off by the country's biggest earthquake in a year, as the ... Icebergs, Insurance Hamper Top of the World Shipping Route The new shipping route opened up through the Arctic by climate change will not be crowded any time soon. Cargoes of coal, diesel and gas ... Best's Report on Latin America Insurance Market Highlights Growth A newly issued report from A.M. Best cites Inter­national Monetary Fund (IMF) statistics, showing that "Latin American countries had an ... AXA Sells $474 Million in Cat Bonds against Europe Storm Damage AXA SA said it sold catastrophe bonds designed to protect insurers from payouts on storm damage, in the biggest transaction of the notes in ... Swiss Re in Pact with Pacific Century for Asia Life Investment Swiss Re announced that it has entered into an agreement with Pacific Century Group to invest up to $425 million in FWD Group, describing ... Gooda Joins Lockton in UK to Strengthen Mining Expertise Lockton Companies announced that Matthew Gooda has joined its London operations as Mining Advocate, Senior Vice President. He will advise ... More International News Join the Insurance Journal Network Insurance Journal TV Insurance Law, Regulation - Jim Wrynn Brings his Experience to the Private Sector James J Wrynn, Esq. served as New York's Superintendent of Insurance from 2009 to 2012, when... Watch Now Swiss Re's Chief Economist Sees GDP Growth Swiss Re's chief economist Kurt Karl sees some light at the end of the tunnel for the world's... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Erie Insurance, feedback please. Posted: Wed Oct 16 -- Erie is a great company but they do want to be your number 1 in your agency. They are great at personal lines and small commercial accounts.... Portins Trucking for hire with Losses Posted: Tue Oct 15 -- Need to find a new carrier for a client with long haul trucking. Scottsdale is non-renewing due to losses. Anyone know where I can go with... dgarzoli New Insurance Agency Posted: Tue Oct 15 -- Review a prior post/subject "New Insurance Agency Startup Questions". The info may be helpful to you and answer your questions. jtownagent Travelers reducing commissions Posted: Tue Oct 15 -- I agree with the sentiments of regional carriers. I love that I can pick up the phone, dial an extension and get my underwriter within... Smalltownagent Certificates of Insurance ??? Posted: Sun Oct 13 -- What he said! I'm sure the last thing you want is a client saying the issue was ambiguous and they assumed they were covered because the... ABMCalifornia How to file for long term care insurance claim? Posted: Thu Oct 10 -- Filing for long term care insurance claim is easy as long as you stick to the process. The first thing you need to do is to review your... racheljames New lead model question - could cost per sale work? Posted: Wed Oct 9 -- A big challenge for you is the current fractured and changing face of the small to mid sized retail insurance agency. The sun is setting on... d's insurance store What Would Your Veteran Self, Tell Your Newbie Self... Posted: Fri Oct 4 -- Do: Shut up and let the client talk. Do: Be an advisor. People who don't work in the insurance industry know little or nothing about... sillyphil Go to Forums Reader Comments 2nd Arson Attempt at Missouri Planned Parenthood Posted: Wed Oct 9 -- Like I said yesterday when the first attempt was reported: Pro-Choice or Right To Life views aside, cowardly acts like this fall under what... Scott Defective Drywall: Chinese Maker Questions Ruling Posted: Fri Oct 11 -- What's so frustrating with this is our own government is not behind their own citizens. Instead our Federal Government would rather sue... Baxtor Early Snow Kills Thousands of Cattle in South Dakota Posted: Wed Oct 9 -- Although many of the ranchers probably have blizzard coverage on their insurance policies their animals are often like part of the family;... Knowall Montana Bar Sued Over DUI Death Posted: Fri Oct 11 -- Coupled with the fact the driver was going 100 miles an hour. I'm thinking grandpa needs to go after the insured's money instead. Oh, wait:... Scott Financial Stability Regulators Discuss Debt Limit, Government Shutdown Posted: Thu Oct 10 -- PM, basically the deal will just kick the can down the road for 6 weeks and then we will be back at square one. The President said in any... Agent Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue October 7, 2013 Professional Liability Directory; The Best Insurance Agencies to Work For; The Food Issue: Restaurants, Fast Food, Bars, Liquor Liability, Grocers, Food Trucks, Food Manufacturing & Product Recall 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 Director of Marketing - Florida Homeowners Program Manager II Program Manager I Attorney (Workers' Compensation) Have a job opening? 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