Daily Headlines: Thursday, November 21, 2013

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November 21, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Prospects Dim for Bills to Delay Flood Insurance Rate Hikes Efforts to delay implementation of changes in the federal flood insurance program have run into roadblocks on both sides of Capitol Hill. ... States, Insurers Working on Ways to Bypass Obamacare Federal Exchange States and insurers are already working to bail out President Barack Obama's healthcare overhaul, anticipating the system's online ... State Insurance Commissioners Lack Consensus on Cancellations Kansas, North Dakota and other state insurance commissioners snubbed a meeting with President Barack Obama set up to discuss allowing some ... NCAA Sues Video Game Maker Over College Athlete Settlement The National Collegiate Athletic Association sued Electronic Arts Inc., saying the video-game maker hasn't agreed to indemnify the NCAA for ... The Charity Issue: How the Insurance Industry Helps Does your insurance organization support the community? Over the years, Insurance Journal has discovered numerous stories of how agents, ... Deputy Treasurer Nominee Says Bank Regulations Not Right for Insurers President Barack Obama's nominee to serve as deputy U.S. Treasury Secretary told lawmakers on Wednesday she believes that large ... XL Group, America Contractor's Insurance Group Partner to Improve Contractor Quality XL Group has partnered with the American Contractor's Insurance Group (ACIG), construction industry owned insurance organization, to ... New Programs, Flexibility Help Contractor Segment Rebuild Those that specialize in the contractors and builders segment say a lot has changed in this class since 2007. The recession forced the... Employees Stressed But Not For Reasons Employers Think: Research Employers know that their employees are stressed at work, and rank stress as the number one workforce risk issue,... More National News East USI Insurance Relocates Corporate Headquarters to Valhalla, N.Y. USI Insurance Services recently moved its corporate headquarters from Briarcliff Manor, N.Y. to nearby Valhalla, N.Y. USI said its ... Connecticut Opens 2 Additional Sandy Relief Centers for Disaster Assistance The state of Connecticut is opening two additional intake centers to help homeowners seeking disaster assistance for losses caused by last ... N.Y. Doc Acquitted of Participating in $275M No-Fault Insurance Scheme A Long Island, N.Y., doctor has been acquitted of participating in a $275 million scheme to defraud no-fault auto insurers. Joseph Vitoulis ... FM Global in Rhode Island Appoints Manager of Broker Relations Johnston, R.I.-based FM Global appointed Randall Schreitmueller vice president, manager of broker relations, a newly created position at ... In Connecticut, Number of Insurance Sector Employees Fell Slightly in 2012: Report A report this month from Connecticut's Insurance & Financial Services (IFS) Cluster and PwC shows there was a slight decline in the number ... More East News Insurance Journal's 2014 Events Calendar will be published in our January 13, 2014 magazine, so it's going to be a valuable resource for readers who are planning to attend industry events. Submit your industry events for consideration! Midwest New Assessment: At Least 15 Tornadoes Hit Illinois New damage assessments from the National Weather Service show that at least 15 tornadoes hit Illinois during the outbreak of ... Illinois Employer to Pay $10K Penalty for Lack of Workers' Comp Insurance An uninsured employer in Illinois has pled guilty to a Class 4 felony for refusing to obtain workers' compensation insurance, the Illinois ... Independent Insurance Agents of Indiana Installs Officers for 2014 The Independent Insurance Agents of Indiana Inc. (Indiana Big "I") has installed its slate of officers for 2014. The executive committee ... Illinois Independent Agency, Williams-Manny, Joins Keystone Insurers Group Keystone Insurers Group announced that Williams-Manny Inc. of Rockford, Ill., has become its second franchise partner in Illinois. ... More Midwest News Southeast Kentucky Judge Hits Accounting Firm with $99M Fraud Judgment A large Chicago-based accounting firm has been hit with a $99 million judgment stemming from a fraud lawsuit brought by a Kentucky family ... Most West Virginia Mines Lack Automatic Shutdown Systems on Machinery: Report Four percent of underground equipment in West Virginia coal mines are fitted with detectors that automatically shut down mobile machinery ... Tennessee Focused on Reducing Highway Traffic Deaths The Governor's Highway Safety Office and the Tennessee Highway Patrol are reaching out to communities across the state to offer help in ... More Southeast News South Central Lack of Liability Insurance Shutters Police Dept. in Louisiana Town With the end of the Sorrento Police Department's liability insurance coverage just a few hours away, the Town Council voted 5-0 to select ... IIAT: Independent Agents Guide Consumers Through Affordable Care Act In a Nov. 14 address on the troublesome roll out of healthcare.gov and the public outcry over the cancellation of less expensive individual ... Texas-Based Service Lloyds Insurance Announces Management Changes Service Lloyds Insurance Co., based in Austin, Texas, announced that G. Steven Collier has been named the company's director of ... Louisiana Workers' Compensation Corp. Promotes Johnson, Page Louisiana Workers' Compensation Corp. (LWCC) announced that it is aligning its Safety and Communications Departments, and has promoted ... Oklahoma Mourns Loss of Former Assistant Insurance Commissioner Garrett The Oklahoma Insurance Department is mourning the loss of former chief examiner and assistant commissioner, Stephen P. Garrett, 69, who ... More South Central News West California Lesbian Teacher Files Discrimination Suit A lesbian teacher in California has filed a lawsuit against Hesperia Unified School District that alleges unlawful discrimination, ... Lawsuit: California Student Recruited To Help In Drug Bust The mother of a California middle school student has sued the school district, claiming her 14-year-old son was used as bait during an ... Wyoming City Weighs Ban On Cellphone Use While Driving The Jackson Town Council is considering a ban on cellphone conversations while driving that could start in Wyoming town in mid-December. ... ACIC's Feliciano to Chair California State Bar Insurance Committee The business law section of the California State Bar named Armand Feliciano as chair of the Insurance Committee for 2013-2014. Feliciano is ... RiskPoint in Oregon names Schellenberg Managing Principal Portland, Ore.-based RiskPoint Insurance Advisors LLC named Blake Schellenberg managing principal. Schellenberg  becomes one of four ... LA Auto Show: Connected Cars Coming Out of the Barn Remember driving to the nearest pay phone to return a page? That's about as far away from today's technology as was the horse drawn ... More West News International German Finance Chief Schaeuble Vows to Help Insurers Vying with Low Interest Rates German Finance Minister Wolfgang Schaeuble issued an unusual warning to the European Central Bank on Thursday, saying rate decisions must ... Amid Asset Sale Talk, RSA CEO Sees Emerging Market Potential RSA Insurance Group Plc Chief Executive Officer Simon Lee said the insurer has further growth potential in emerging markets and maintains a ... UPDATE: Swiss Re Buying Zurich's Stake in New China Life for $493 Million Swiss Re announced that it has entered into a transaction with Zurich Insurance Company Ltd to acquire a 4.9 percent stake in New China ... Allied World Europe Appoints Burniston as Sr.VP - Primary Casualty Allied World Assurance Company Holdings, AG announced that Denis Burniston has been appointed Senior Vice President, General Casualty for ... Best Affirms Munich Re and Subs 'A+' Ratings; Outlook Stable A.M. Best Europe - Rating Services Limited has affirmed the financial strength rating (FSR) of 'A+' (Superior) and issuer credit ratings ... Ironshore's Pembroke Agency Launches Insurance for Satellite Financing Ironshore International's Pembroke Managing Agency Limited has begun offering insurance coverage for lenders engaged in the financing of ... More International News Insurance Journal Blogs Robin Roberts, John McEnroe & Bob Woodruff Featured Speakers for IICF Northeast Event December 11 Dinner Benefits Charities NEW YORK (November 4, 2013) -- The Insurance Industry Charitable Foundation (IICF) Northeast division ... More Blogs Join the Insurance Journal Network Insurance Journal TV Markets in Motion - Sports & Entertainment Venue The 650,000 square foot Honda Event Center in Anaheim, Calif. holds thousands of people at any... Watch Now A World With or Without TRIA Since the creation of the federal terrorism reinsurance program in 2002 until now the market... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums 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 New Insurance Agency Posted: Wed Nov 20 -- There are many choices(cluster groups, brokers etc..) out there. Just be careful of the contracts that have a one or two year non-compete,... cyberbob 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 How expensive is long term care insurance? Posted: Thu Nov 14 -- It's true that long term care insurance rates com with a high price tag. Based from this... racheljames Go to Forums Reader Comments Oregon Toddler's Family Sues Complex Over Abuse Posted: Thu Nov 14 -- My question is, why was the 3 year old child left to play outside, or wherever without supervision by the parents? What parent, would allow... Secret Agent Girl 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 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. 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