Daily Headlines: Friday, September 30, 2011

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September 30, 2011 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Nationwide, Harleysville CEOs Reassure Agents: Merger All About Growth The merger of insurer Nationwide Mutual with regional carrier Harleysville Mutual is all about growth, not only for the companies but also ... Federal Flood Insurance Program Extended Briefly The House of Representatives yesterday approved a temporary continuing resolution that funds the government through next Tuesday, Oct. 4, ... SEC Concedes Challenges in Probes of Rating Agencies The U.S. Securities and Exchange Commission faces hurdles proving wrongdoing at credit-rating agencies, the agency's enforcement chief ... Federal Agency Alters Public Pool Safety Rule Thousands of public pools in cities and towns nationwide will be taking a fresh look at their safety systems after federal regulators ... Millennium Brokerage Forms Long Term Care Program Through Physicians Financial Millennium Brokerage Group (MBG) has launched a new long term care (LTC) program that will be available to physicians and their families ... Insurer Retools Home Value Insurance Coverage Home Value Insurance Co. has re-entered the insurance market with a product that promises to protect homeowners from falling home values. ... Online Service Tracks Motor Carrier Insurance, Certificates Insurance agents and brokers frustrated with issuing certificates of insurance for transportation risks may have a friend in an Oregon... More National News East D.C. Metro Sues Insurer Lexington for $13M Over Lost Revenue Washington Metropolitan Area Transit Authority has recently filed a lawsuit against its insurer Lexington Insurance Co. of Boston charging ... Berkshire Hathaway to Buy N.J.-based Princeton Insurance Berkshire Hathaway's medical professional liability insurance unit, Medical Protective Co., is purchasing New Jersey-based Princeton ... New Jersey Flood Victims Have Received $16M in Federal Aid Dina Zampelle expects that by December, her credit score will be as muddied as her central New Jersey home. That's because unless the ... Irene Generated 28,500 Insurance Claims in Massachusetts Tropical Storm Irene has generated an estimated 28,500 claims, totaling over $90 million in Massachusetts, according to latest estimates by ... New York Law Requires Risk Reports by Group Homes New York Gov. Andrew Cuomo has signed a law requiring that group homes and other private facilities licensed by the state to house  ... Pennsylvania Injury Lawsuit Over Band’s Stage-Diving Upheld A woman who broke her skull and collarbone when a member of the band Fishbone dived from a Philadelphia stage will soon have her day in ... Allstate, Encompass Fined for Violating Delaware Insurance Law Delaware Insurance Commissioner Karen Weldin Stewart has fined Allstate Insurance Co. and its subsidiary Encompass Insurance Co. a total of ... More East News Midwest Plaintiffs Notch Legal Win in Illinois Cigarette Suit The Illinois Supreme Court has cleared the way for plaintiffs' attorneys to push that a $10.1 billion verdict against cigarette-maker ... Kansas Storm Damage Insurance Claims Set Record Spring and summer storms in Kansas have led to more than $1 billion in insurance claims this year. The Kansas Department of Insurance ... MJ Insurance Named Best Practices Agency for 8th Consecutive Year Indianapolis, Ind.-based property/casualty and employee benefit agency, MJ Insurance, for the eighth consecutive year has been recognized ... Ohio Workers’ Comp Bureau: Lower Rates for Public Employers Proposed Ohio Bureau of Workers' Compensation (BWC) Administrator/CEO Stephen Buehrer has proposed an overall five percent decrease in rates for ... More Midwest News Southeast Nursing Home Case Spotlights West Virginia’s Malpractice Damages Cap Lawyers for a West Virginia nursing home are preparing to take a case to the state's Supreme Court on the grounds that a $91.5 million ... After Embezzlement Claim, Insurer Drops Tennessee County’s Policy Officials in Shelby County in Tennessee said their insurance company is not renewing the county's policy protecting against financial ... BP Pays Alabama City $1.2M for Revenues Lost Due to Oil Spill The city of Orange Beach, Alabama has reached a settlement with BP PLC over lost revenues stemming from last year's Gulf oil spill, with ... Failed Alabama Bank Executives Settle Investor Lawsuit for $10.5M Officers and directors of failed Colonial BancGroup in Alabama, including Auburn University trustee Bobby Lowder and former Auburn football ... More Southeast News South Central Agriculture Losses from Texas Wildfires Adding Up In addition to the $5.2 billion in agricultural losses as a result of the drought in Texas this year, an additional $150 million in losses ... Texas Man Sentenced to 60 Years for $100M Insurance Fraud After hearing tearful testimony from several people whose life savings were stolen, a federal judge in Virginia sentenced a former Texas ... Oklahoma Governor Announces Storm Shelter Rebate Offer Oklahoma homeowners will be eligible for a cash rebate of up to $2,000 for the installation of a qualified tornado shelter under a program ... Shoemake Ushered in as President of Alamo Chapter of CPCU The Alamo Chapter Society of Chartered Property and Casualty Underwriters (CPCU) in San Antonio, Texas, announced that Susan G. Shoemake ... Harris County Flood Control District Unveils New Flood Mapping Tool The Harris County Flood Control District announced it has launched a new tool to help Harris County, Texas, residents gain knowledge about ... More South Central News West Workers' Compensation Rate Hike for Oregon The Department of Consumer and Business Services announced the pure premium rate for workers' compensation will increase 1.9 percent ... Wells Fargo’s Insurance Unit Buys Reno Firm The insurance unit of Wells Fargo & Co. has purchased ISU Stetson-Beemer Insurance, an insurance brokerage and consulting firm in Reno, ... MOC Insurance Services Combines with San Francisco Insurance Center San Francisco Insurance Center has joined MOC Insurance Services, the two Northern California firms announced on Thursday. Van Maroevich, ... Aon Hires Two SVPs to Meet Southern California Growth Judy Bamberger has been named senior vice president of business development for Los Angeles office of Aon Risk Solutions, a risk management ... More West News International IAIS Study Indicates Big Insurers May Not Face Same Capital Rules as Banks Insurance companies judged too big to fail are likely to face different rules than their banking counterparts, who were told this week that ... Global Insurance Rates Flat Overall in Q3 Says Marsh Insurance rates are rising for property in high-risk areas, while rates are falling for many lines of professional insurance, leading to an ... Shell Singapore Refinery May Shut for a Month; Distillates Force Majeure Royal Dutch Shell's Singapore refinery may remain shut for at least a month, industry sources said, and the company declared it would not ... Typhoon Nesat Hits Hainan Island, China Mainland; AIR Analysis Catastrophe modeling firm AIR Worldwide's latest bulletin on Typhoon Nesat notes that it "made landfall as a moderate Category 1 storm on ... Climate Aid Progress May End Kyoto Rancor U.N. climate talks resume in Panama next week, but expect more action in Cape Town 10 days later, where an informal panel will quietly ... North P&I Club, GRAY PAGE to Vet ‘Armed Maritime Security Providers’ The North P&I club announced that it has joined forces with specialist maritime intelligence, investigation and crisis management ... Ex- Swiss Re CEO Coomber Named as New ClimateWise Chairman ClimateWise, the global insurance industry's leadership group on climate change, announced that John R. Coomber, Swiss Re's former CEO ... More International News Join the Insurance Journal Network Insurance Journal TV Triage Nurses Cut Costs in Workers' Comp What if a business could lower its workers' compensation claims costs by as much as 30... Watch Now PURE Innovation During his 25-year career in the property/casualty insurance business, Ross Buchmueller has... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Artisan Contractor w/ Res Comp Ops (CA) Posted: Fri Sep 30 -- Hello All, Are any of you aware of what carriers write CA Artisan Contractors w/ Residential Completed Ops (1185 or equiv). Most carriers I... EricCBIAIns Insurance to Value on Homes Posted: Thu Sep 29 -- At present the cost to rebuild a home in Los Angeles county using the highest level of basic materials without going custom is just below... rodgwag Do you purchase Damage Waiver when renting a car? Posted: Thu Sep 29 -- Thanks to all who replied. John J90 Apartment complex wants to be additional interest Posted: Wed Sep 28 -- Purple I so agree with you on you 'Pet peeve" B. I have had long drawn out arguments with banks on HO6's who think they know better than I... Brenda H Office manager - HELP with procedures & workload Posted: Wed Sep 28 -- Look in to this group. I have attended a couple of their sessions that do have a system that really works with workflow to eliminate back... bondgirl12 Social Networking in need of General Liabilit Posted: Wed Sep 28 -- I am not a lawyer but they may not have liability if they fall under section 230 of the Communications Decency Act. Obviously, they should... ahickmann Electronic Cigarette Liability Posted: Wed Sep 28 -- I can definitely assist with GL, Product Liability and Product Recall. My contact information is shown below. Look forward to being of... Adame526 3 Properties in Texas? Posted: Tue Sep 27 -- I write in Texas and there are many companies who write stand alone dwelling policies here in Texas. You may want to try American Risk. It... beyert1 TX -Need Garage coverage- Racing Exposure Posted: Mon Sep 26 -- I'd be glad to help. I've got markets that will assist. Feel free to send me the Acord 125 and the Garage Non-Dealer supplemental if you... Adame526 Go to Forums Reader Comments Republican Ryan Proposes Individual Health Insurance Tax Credit Posted: Wed Sep 28 -- "Giving patients and consumers control over health care resources would make all Americans less dependent on big business and big... The Other Point of View Feds Sue Texas Firm for Firing 600-Pound Employee Posted: Thu Sep 29 -- This individual is a high hazard, and the Federal Government is butting in where they have no business being. Maybe Michelle will straighten... BMR Judge Lets Agent Orange Case Against Monsanto Proceed Posted: Thu Sep 29 -- I revel in any event that throws a wrench in the gears of this machine of evil. Only people can be evil, but the totality of the... Stephon Smith Florida Firm to Appeal in Bid for Sunken Spanish Treasure Posted: Fri Sep 23 -- If Spain ends up winning this, I think the Florida based company should load the coins and treasure onto a ship, stop right ontop of the... Baxtor IRS Gives Employers Break on Misclassified Employees Posted: Fri Sep 23 -- Is this the way the IRS lets cheaters like State Farm get away from all the taxes they have avoided since 1998, by calling their agents... IRS Coverup? 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