Daily Headlines: Wednesday, November 20, 2013

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November 20, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National FEMA Seeks Dismissal of Mississippi Suit to Block Flood Insurance Rate Hikes The federal government is urging a federal court to dismiss a Mississippi insurance department lawsuit seeking to halt flood insurance rate ... Fed Chair Nominee Yellen Vows to 'Carefully Consider' SIFI Rules for Insurers Federal Reserve Vice Chairman Janet Yellen said the central bank will "carefully consider" how to apply new regulatory standards to ... Tower Group Update: CEO Says Insurer Will Meet Obligations A day after Tower Group International Ltd. disclosed "substantial doubt about the company's ability to continue as a going concern," the ... 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... We Can Write Terror Risk: Part II The leader of a firm thought to be the world's largest investment manager of catastrophe bonds told federal lawmakers... More National 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! East New York to Buy Homes in Staten Island Neighborhood Hit by Sandy Residents of a flood-prone area battered by Superstorm Sandy are getting a financial lifeline, with New York state officials announcing a ... D.C. Mayor Signs Immigrant Driver's License Bill Starting next year, people living in the nation's capital who don't have legal permission to reside in the United States will be able to ... Expenses for Penn State Scandal Near $52M Penn State's costs related to the Jerry Sandusky child sex-abuse scandal are nearing $52 million. A university website shows the school has ... USI Insurance Appoints Senior VP in New York Metro Office USI Insurance Services appointed Raymond Bascio as senior vice president. He is based in USI's New York metropolitan office. Bascio brings ... More East News Midwest Safenet Commercial Insurance Agency Welcomes Geisler as Senior VP Kristin Taylor Geisler has joined St. Paul, Minn.-based Safenet Commercial Insurance Agency as a senior vice president. Geisler has many ... Drowsy Driving a Leading Cause of Ohio Crashes State statistics analyzed by a newspaper show injury crashes blamed on drowsy driving are on the rise in Ohio. The Ohio Department of ... Claims Filing Begins Following Midwest Storms Two Illinois-based insurers say they've received about 6,000 claims so far from Sunday's tornadoes and they expect that figure to climb. ... Hundreds of Homes Destroyed by Midwest Tornado Outbreak: AIR Hundreds of homes were flattened by the outbreak of intense late-season thunderstorms accompanied by high winds, quarter-to-baseball sized ... More Midwest News Southeast North Carolina Compounding Pharmacy Recalls Products A compounding pharmacy in Asheville is recalling sterile products because of the possibility of contamination. Nature's Pharmacy and ... More Southeast News South Central Texas Man Sentenced on Workers' Comp Fraud Texas Mutual Insurance Co. reported that a Travis County district court sentenced Terrance Hopkins of Tyler on workers' compensation ... Texas Workplace Injury, Illness Rate Again Below U.S. Rate The Texas incidence rate of nonfatal injuries and illnesses in private industry was 2.7 cases per 100 equivalent full-time workers in 2012, ... Access Home Insurance to Take Nearly 10K Policies from Louisiana Citizens Access Home Insurance Co. (Access Home) announced it has received authorization to assume nearly 10,000 policies and more than $19 million ... Texas Surplus Lines Association Elects New Officers The Texas Surplus Lines Association Inc. announced the election of new officers and directors at its annual meeting in Austin on Nov. 11. ... More South Central News West Insurer Sues Over 2011 Hawaii Wind Farm Fire Losses The insurance company that paid $2.4 million to cover losses from a wind farm fire in Hawaii is suing manufacturers that built parts of its ... Former Idaho Councilman Gets Jail Time For Insurance Fraud A former councilman from the eastern Idaho town of Rigby has been sentenced to 150 days in jail and 10 years of probation for insurance ... Blackfeet In Montana Sue US Government Over Flood Damage The Blackfeet tribe's housing agency  in Montana is suing the U.S. government for more than $1.2 million over damage to homes that were ... Suncor in Colorado To Pay $1.9 Million To Settle Oil Lawsuit Suncor oil refinery operators have agreed to pay $1.9 million to settle a lawsuit by federal and state authorities over a toxic spill that ... Oregon Court Tosses Right to Farm Challenge The Oregon Court of Appeals has rejected a constitutional challenge to Oregon's Right to Farm law, but parties to the case say the question ... Fall From Boulder Building Kills Worker A construction worker is dead after falling from a roof he was working on in Boulder, Colo. Police say the 51-year-old man was working on a ... Heffernan Names Catanese Assistant Vice President in Southern California Heffernan Insurance Brokers named Zach Catanese assistant vice president in its Orange County, Calif. office. Catanese will focus on new ... More West News International World Falling Behind in Race to Cut Carbon Emissions: Study The world is getting further off track in limiting global warming with setbacks in Japan and Australia outweighing positive signals from ... Zurich Insurance Seeks $943 Million for Stake in New China Life Zurich Insurance Group AG is selling its entire stake in New China Life Insurance Co. for $943 million, or HK$25 a share, according to the ... Allianz Expects Boost from Cyber Insurance Sales; East Europe, Asia, Brazil Markets Allianz SE, Europe's biggest insurer, said markets such as Asia, Brazil and eastern Europe as well as products that protect against cyber ... More International News 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 SCUBA Dive Shop Posted: Tue Nov 19 -- Thank you for the replies. Will give Bliss and Glennon a call. Definitely been a tricky one! mce23 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 Senate Expected to Pass Gay Workplace Rights Bill Opposed by House Posted: Wed Nov 13 -- Why Not, I would venture to guess you don't believe people need to hide their ethnicity, right? (I have the vision of that SNL skit when... Captain Planet 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... 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