Friday, November 22, 2013

Daily Headlines: Friday, November 22, 2013

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Insurance Journal Daily Headlines
November 22, 2013
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Tower Group Expects to Avoid NASDAQ Delisting

Tower Group International, Ltd. announced Wednesday that NASDAQ has notified the company that it is not in compliance with the exchange's ...

SEC Proposes Fiduciary Duty for Investment Brokers Advising Retail Clients

Investment brokers advising retail customers should be held to a standard that requires them to recommend products that are in the best ...

Scientists Say Asteroids Pose Serious Threat... But Don't Panic

On Feb. 15, a 13,000-ton rock plunged through the skies above Chelyabinsk, Russia. It shone 30 times brighter than the sun, and hurtled at ...

Harleysville Insurance President/COO Michael Browne to Retire in May

Nationwide Mutual Insurance Co. announced that Michael Browne, president and chief operating officer of the Harleysville Insurance, a ...

Arch Insurance Group Launches New Side A D&O Policy

Arch Insurance Group, a member of Arch Capital Group Ltd., has launched a new specialized management liability product in the U.S. that ...

National Building, Communications Standards Recommended for Tornado Safety

National standards should be set for building construction, storm shelters and emergency communications to reduce death and damage from ...

House, Senate Negotiators Fail to Reach Agreement on Crop Insurance Bill

House and Senate negotiators adjourned talks on a new agricultural bill until after a congressional recess, increasing the chances of a ...

From MyNewMarkets.com Insurers Weigh Forming Captive to Insure Customers of Bankrupt Futures Brokers

Eight private insurers have expressed interest in participating in a fund to provide insurance for losses suffered by customers of futures...
Carrier Management

What Makes a Successful P/C Carrier CIO--and How to Know if You Have One

Triumphant Mutual and Victorious Insurance Co. seem like two peas in a pod. They're similarly sized property/casualty...
10 Coverage Webinars ready to watch - from Academy of Insurance
East

Some NYC Hospitals Not Taking New Health Plans

New Yorkers buying a health plan on the state's new insurance exchange should read the fine print if they're interested in getting care at ...

Lawyer Drops Appeal in N.J. Text Sender Liability Case

The lawyer for a Florida couple has dropped an appeal of a New Jersey texting while driving ruling. Attorney Stephen Weinstein represents a ...

Rhode Island State Police Push to Require Hands-Free Phones

The head of the Rhode Island State Police says they are pushing to require the use of hands-free devices when using a cellphone while ...

Berry Insurance in Massachusetts Appoints New Vice President

Berry Insurance, an independent insurance agency based in Franklin, Mass., recently promoted Chris Pintarich to vice president. Pintarich ...

Former New Jersey Doctor Sentenced for $19M Billing Fraud

The patients, most of whom were on Medicaid and Medicare, came into the medical offices of Jose Katz for checkups and consultations. The ...
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Midwest

Count of Storm-Damaged Homes in Illinois Expected to Grow

State officials now say that at least 900 homes in Illinois were either destroyed or badly damaged by the tornado outbreak on Nov. 17. And ...

Indiana Businesses Work to Recover from Tornadoes

Dan May has already found a location to temporarily set up his law office and his daughter's art gallery that were destroyed by a tornado ...

South Dakota Supreme Court Says No to New Malpractice Trial

A woman who sued Sanford Medical Center for malpractice for a 2007 surgical procedure that was aborted should not be granted another trial, ...
Southeast

Mississippi County Lifts Insurance Mandate for Santas

For this holiday season, DeSoto County school officials are waiving a requirement that Santa Claus have liability and workers' compensation ...

Coast Guard Has No Duty to Undertake Rescue Efforts, Court Ruless

A federal appeals court on Wednesday rejected a North Carolina widow's lawsuit blaming the Coast Guard for failing to save her husband's ...
South Central

Lance Armstrong Settles $3M Insurance Lawsuit

A day before he was scheduled to give sworn testimony about his use of performance-enhancing drugs, Lance Armstrong reached a settlement on ...

Roach Howard Smith & Barton's Hughston Joins Assurex Global Board

Tom Hughston, CEO of insurance brokerage Roach Howard Smith & Barton in Dallas, Texas, was recently named a member of the Assurex Global ...

Arkansas Oil Spill Damages Exceed $70M, Exxon says

ExxonMobil estimates that the March oil spill in an Arkansas subdivision has caused more than $70.5 million in damages for the company, ...
West

Attorneys: $10M+ Settlement Reached In Wyoming Fire

Attorneys for a Montana man severely burned in a Bakken, Wyo. oil patch fire say they have reached a multi-million dollar settlement with ...

Construction Worker Killed In Nevada

Authorities say a man was killed after an accident at a construction site in south Reno, Nev. According to the Reno Fire Department, the ...

Just 10 Percent of California Car Chargers Delivered

A New Jersey energy company required by an unusual legal settlement to build an extensive network of electric car chargers throughout ...

Colorado State Running Out of Money for Hurricane Forecasting

Colorado State University, which pioneered seasonal hurricane forecasting 30 years ago, may have issued its last prediction. The school's ...

Three Leavitt Group Agencies in Southern California Merge

The Leavitt Group announced a merger of three of their Southern California agencies. The merger will include the Covina office of Valley ...
International

Global Warming Pact Expected from Warsaw Talks

Envoys from 190 nations are close to agreeing upon the first building blocks for the next treaty aimed at fighting global warming, ...

Bangladesh Starts Inspecting Plants 7 Months After Factory Collapse

Bangladesh engineers today start their first full-fledged inspections of garment factories under a government plan to improve safety, seven ...
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New Discussions in the Forums

How to insure a client that use Uber or Lyft
Posted: Thu Nov 21 -- How does a PAP (Personal Auto) policy respond if a client use Uber or Lyft to pick up others when there is an accident. Under exclusions... Lani
New Insurance Agency
Posted: Thu Nov 21 -- Since you are new, try these MGA's and get some business going first before getting direct appointments... Lani
SCUBA Dive Shop
Posted: Thu Nov 21 -- This group has a special program for dive shops ... TheInsKid
is a physical exam necessary before taking life insurance?
Posted: Wed Nov 20 -- Without a paramed exam, most companies will only offer a small amount of coverage, and the rate, or cost per $1,000 of coverage, will be... lonestar
What is the significance of long term care planning today?
Posted: Tue Nov 19 -- It's one of the activities that one shouldn't put off these days. Why? Based on the most recent study, 70% of the adult population in the... racheljames
"Independent contractor" covered under "employer's" GL?
Posted: Mon Nov 18 -- A subcontractor is not covered as an insured on the insured's policy, but the association is covered. He needs to have his own GL coverage,... gforaker
Please Help! Moving from Virginia to North Carolina
Posted: Thu Nov 14 -- If you have to ask if a North Carolina resident can have a Virginia resident agent license you may want to enroll in the law and ethics CE... Charon

Reader Comments

State Proposals to Mandate Insurance for Gun Owners Falter
Posted: Tue Nov 19 -- Even if they buy insurance, did anyone ever hear of an exclusion for intentional acts? This is just an attempt at creating a barrier to... Mike
Former Kansas Player Sues NCAA Over Head Trauma
Posted: Fri Nov 15 -- I feel bad for the football players who now are suffering from head trauma related symptoms, but how is the blame residing with the NCAA or... Troy Acheman
Insurers, Regulators Question Obama's Healthcare Promise 'Fix'
Posted: Sun Nov 17 -- The President has about as much authority to change the plain text of a law passed by Congress as I do. So he gets up there on his bully... Dandy Don
States, Insurers Working on Ways to Bypass Obamacare Federal Exchange
Posted: Thu Nov 21 -- FFA, If Obama and Biden had a Vaudeville Act, it would close within a week and the theater would go bankrupt. My favorite Bidenism is when... Agent
10 Ideas Chosen for Coastal Shields in New York, New Jersey
Posted: Tue Nov 19 -- How about a wall around the island made out of sponge? It could soak up the excess water, and slowly evaporate over time. Cheetoh Mulligan

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