Tuesday, November 19, 2013

Daily Headlines: Tuesday, November 19, 2013

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Insurance Journal Daily Headlines
November 19, 2013
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

State Proposals to Mandate Insurance for Gun Owners Falter

Plans to mandate liability coverage for U.S. gun owners after last year's school shooting in Connecticut have languished as opponents ...

Workers' Compensation Results Improved in 2012

The workers' compensation industry's results improved in 2012. Premiums grew for the second straight year, the combined ratio improved, and ...

Car Makers Offered Relaxed Regulation for Installing Ignition Lock Tied to Seat Belt Use

A U.S. regulator's offer to relax auto safety rules for manufacturers that install technology to prevent drivers from starting a car unless ...

Google Reaches $17M Privacy Settlement with 37 States

Google Inc. has reached a $17 million settlement with 37 U.S. states over its circumvention of privacy settings for some Internet users. ...

Fowler Named President of Premium Finance Firms

Richard E. Fowler has been named president and chief executive officer of AFCO, CAFO and Prime Rate Premium Finance Companies. Fowler ...

Scientists Develop Breakthrough Computer Forecasting Models for Wildfires

Scientists have developed a new computer modeling technique that offers the promise, for the first time, of producing continually updated ...

Businesses Urge IRS to Reduce Data Reporting Under Obamacare

The U.S. Internal Revenue Service is under pressure from some businesses to reduce the information they may soon have to collect and report ...

From MyNewMarkets.com California State Fund CEO and CFO Resign

Two top executives at California's State Compensation Insurance Fund have resigned. State Fund President and CEO Tom Rowe and Chief...
Carrier Management

Tower Update: We Will Meet Obligations, CEO Says

A day after Tower Group International Ltd. disclosed "substantial doubt about the company's ability to continue as a...
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East

10 Ideas Chosen for Coastal Shields in New York, New Jersey

Here's one way to stop the floodwaters the next time a monster like Superstorm Sandy comes ashore in New York City: Build an 8-mile-long ...

Connecticut Regulator Revokes License of Broker Mired in Insurance Controversy

Connecticut's insurance department last week revoked the insurance licenses of Earl O'Garro Jr. and his insurance brokerage firm, Hybrid ...

Brain-Damaged Inmate Settles With Penn. County; Insurer to Pay $65K

A northwestern Pennsylvania county's insurance company is paying $65,000 to settle claims by a former inmate left brain-damaged after a ...

Cook Maran Promotes 6 Staff Members to Vice President in N.Y., N.J.

Cook Maran & Associates, an insurance broker and consulting firm with offices in East Hampton, Southampton and Melville, N.Y. as well as in ...
Homeowners Association Directors and Officers - New webinar from Academy of Insurance
Midwest

Insured Loss for Midwest's Rare November Tornadoes Could Top $1B: RMS

The Nov. 17 tornadoes in the Midwest could become the insurance industry's first billion-dollar severe weather event to occur in November, ...

Iowa Court: Immigrant Worker on Expired Visa Gets Workers' Comp

The Iowa Supreme Court has ruled that a West Liberty woman, an immigrant from Mexico who stayed in the United States after her visa had ...

Forecasters: Illinois Twister Had Winds of Up to 190 mph

National Weather Service said a tornado that struck the central Illinois community of Washington had winds between 170 and 190 miles per ...

12 Indiana Counties Report Tornadoes or Damage

Severe thunderstorms packing tornadoes and heavy winds rolled across Indiana on Sunday, injuring at least one person and causing widespread ...

Indiana Farm Bureau Insurance Selects Martin as CEO

Indiana Farm Bureau Insurance announced that Joseph A. Martin, the company's current chief operating officer (COO) and senior vice ...
Southeast

Some Interest in Selling Private Flood Insurance in Florida Surfaces

With increases in federal flood insurance rates looming, two insurance providers have said they are prepared to sell private flood policies ...

Mississippi Firms Want City, Road Contractor Held Liable for Lost Business

Four businesses on a busy Hattiesburg Street are suing Hattiesburg city government, claiming a street improvement project has cost them ...

University of Alabama Does What It Takes to Protect Trademark

University of Alabama officials say the school has issued 153 cease and desist letters in the past decade to businesses and people accused ...
South Central

Horner Insurance Services and South & Western Join Forces

Dallas, Texas-based South & Western General Agency Inc. has merged with Horner Insurance Services Inc. of Memphis, Tenn. As an MGA ...

Texas Opening Doors to Captive Insurers

The Texas Department of Insurance has begun accepting applications from captive insurance companies located in other jurisdictions that ...

Insurance Network of Texas Announces New Austin Location

Insurance Network of Texas announced it opened new location in Austin on Nov. 15 that will serve as headquarters for its professional ...

Attorneys Argue Over Oklahoma Workers' Comp Law

Oklahoma's new workers' compensation law violates the state Constitution in several ways and should be struck down, an attorney for two ...
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West

Governor: Disaster Cited For Alaska Area Hit By Storms

Governor Sean Parnell has declared coastal western Alaska areas ravaged by storms state disaster zones. The governor made the announcement ...

Northern California Man Sent To Prison After 8th DUI

A Northern California man has been sentenced to five years in prison following his eighth conviction for driving under the influence. The ...

California's State Fund Board Declares $100M Dividend

The board of directors for California's State Fund Compensation Insurance approved a $100 million dividend to qualifying policyholders ...

SCM Names Paganas Vice President in Southern California

SullivanCurtisMonroe Insurance Services LLC named John Paganas a vice president in its Irvine, Calif. office. Prior to joining SCM, Paganas ...
International

Past, Future Collide As Mexico Battles Over GMO Corn

After pioneering the cultivation of corn thousands of years ago, Mexico must overcome the weight of history to give the go-ahead to allow ...

Bangladesh Garment Workers Protest After Two Deaths

Bangladesh garment workers took to the streets today in the Ashulia industrial zone outside of the capital Dhaka, protesting the ...

Ironshore Australia Launches Marine Unit to Cover Fine Art, Specie, Cargo Classes

Ironshore Australia has entered the fine art, specie and cargo insurance sectors in Australia through the creation of a new marine unit. ...

Swiss Re to Buy Stake in Brazil's Sul America

Swiss Re Ltd., the world's second- largest reinsurer, agreed to buy an 11 percent stake in Sul America SA from ING Groep NV to expand in ...
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Insurance Journal Blogs

Burand's Agency E&O Blog: Tip #49

Date Stamping. Could any E&O blog address a simpler subject than date stamping? Maybe not, but date stamping correctly to mitigate E&O ...

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A World With or Without TRIA

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New Discussions in the Forums

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
Electronic Cigarette Product Liability
Posted: Mon Nov 18 -- I am looking for a company that not only provides liability, but also product liability. The current companies we are working with either do... MarchInsGp
Insurance Noodle Non-Compete Clause
Posted: Sat Nov 16 -- Hi All - I am a start up Agency trying to determine if I should sign up with insurance noodle or just go the MGA route. What I like about... token13
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
Free CE Classes in Martinsville and Danville, VA
Posted: Wed Nov 13 -- Not sure of any free CE in your area but IRMI has some great pricing for their online CE classes. You can take... Helenhsu45
Georgia and Mississippi WC Exemption question
Posted: Wed Nov 13 -- Thanks! I wondered if it was something ambiguous like that! rcenters

Reader Comments

Clinton, Democrats Pressure White House to Amend Healthcare Law
Posted: Wed Nov 13 -- Am I the only one absolutely shocked that at 9:54 AM there are not at least 300 comments on this article??? ralph
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
Senate Expected to Pass Gay Workplace Rights Bill Opposed by House
Posted: Tue Nov 12 -- Bob - I am sorry you had those experiences with Democrats in your youth. When I was still in school, I didn't even know the difference... Libby
Detroit Mayor-Elect Duggan's Plans Include City-Run Auto Insurer
Posted: Wed Nov 13 -- "Among his goals: A city-run auto insurer to bring down rates that he says drive people out." Oh yeah, they've done everything else so well,... Whodathunkit?
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

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