Friday, January 25, 2013

Daily Headlines: Friday, January 25, 2013

Insurance Journal Daily Headlines
January 25, 2013
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Auto Insurance Claimants Happy with Speedier Settlements

Auto insurance customers continue to be pleased with not only with their claims settlement amounts but also with how quickly their claims ...

Federal Watchdog Issues Report on Gas Pipeline Safety

Federal regulators must account for response times in the data they collect from transmission operators on natural gas pipeline incidents, ...

Best Affirms Balboa Insurance Co., Subs Ratings, as Transfer to QBE Continues

A.M. Best Co. has affirmed the financial strength rating of 'A' (Excellent) and the issuer credit ratings of "a" of California-based Balboa ...

CloudInsure, Lockton to Offer Cloud Risk Insurance Coverage

CloudInsure, a cloud insurance platform designed to specifically address privacy and security liabilities within the cloud environment, has ...

From MyNewMarkets.com Selling EPLI Coverage to the Small Business a Challenge, but Necessary

After almost five years of continuous claims in the employment practices liability insurance (EPLI) segment, rates have started going up...
The National Flood Insurance Program: Past, Present and Future - new class from Academy of Insurance
East

Industry Groups Applaud N.Y. Gov. Cuomo's Workers' Comp Reform Proposal

New York Gov. Andrew Cuomo's proposal to strengthen the state's workers' compensation system -- officially introduced on Jan. 22 as part of ...

Penn.-Based GUARD Insurance Group Gets Ratings Boost From A.M. Best

A.M. Best Co. upgraded on Thursday various ratings of Wilkes-Barre, Penn.-based GUARD Insurance Group and its member subsidiaries, citing ...

N.Y.-Based WKFC Underwriting Managers Hires Executive Vice President

Melville, N.Y.-based WKFC Underwriting Managers appointed Brian Specht as executive vice president, professional lines.In his new role, ...

N.J.-Based American Collectors Insurance Streamlines Sales Units

American Collectors Insurance, a Cherry Hill, N.J.-based national provider of insurance for collector vehicles and collectibles, combined ...
How to Read and Understand ANY Insurance Policy - from Academy of Insurance - Order this one-hour class today
Midwest

Blogger Defends Against Cincinnati Bengals Cheerleader's Defamation Claim

A gossip website operator defended himself in court this week against a defamation lawsuit by arguing that a former Cincinnati Bengals ...

Number of Court Cases in North Dakota Jumps

The number of court cases is skyrocketing in North Dakota, especially in the oil-producing western part of the state, according to the ...

Nebraska Governor OKs Keystone XL Pipeline Route Through State

Nebraska Gov. Dave Heineman has approved a new route for the Keystone XL oil pipeline that avoids the state's environmentally sensitive ...

Study Says South Dakota Agriculture Has $21B Impact

An associate professor at South Dakota State University says agriculture and related industries had a $21.4 billion impact on South ...

Irle Joins Hylant as National Captive Risk Practice Group Leader

Toledo, Ohio-based insurance brokerage firm, Hylant, announced that industry veteran William D. (Kip) Irle has joined the company as ...
Southeast

Florida Regulator McCarty Offers Reform Map to Smaller Citizens Property Insurance

Florida's insurance commissioner has proposed a set of reforms designed to return the state-back property insurer to being a residual ...

West Virginia Municipal Insurer Balks at Defending Sheriff

The insurance pool for West Virginia county governments asked a judge Thursday to declare that it has no obligation to defend a Jefferson ...

Scruggs Appeals to Supreme Court

The U.S. Supreme Court will hold a conference Feb. 15 to decide on whether to hear an appeal from Zach Scruggs, who was implicated as ...

Tennessee Wins Federal Grant for Food Safety Center

Tennessee is one of five states to receive a federal grant to establish an Integrated Food Safety Center of Excellence. The center will be ...
Why Should I Hire You as My Insurance Agent? - new class from Academy of Insurance
South Central

Arkansas Lawmakers Advance Guns in Church Bill Minus Insurance Provision

An Arkansas Senate panel advanced a proposal this week to allow concealed handguns in churches, but rejected an amendment to require places ...

Louisiana Commissioner Says 'No' to State Farm Regional Deductible Plan

Louisiana Commissioner of Insurance Jim Donelon has denied a request by State Farm Fire & Casualty Co. (State Farm) to introduce a regional ...

Louisiana Insurance Department Helps Consumers Recover $6.4 Million

The Louisiana Department of Insurance helped policyholders recover an additional $6.4 million in disputes with insurers in 2012. Insurance ...

Deadline Extended for Isaac Flood Insurance Claims

Louisiana property owners with flood insurance policies whose homes or other structures were damaged during Hurricane Isaac have another 30 ...
West

Washington Senate Panel Considers Workers' Compensation Bills

The GOP-led Washington state Senate Commerce and Labor Committee this week was scheduled to consider five bills intended to save businesses ...

Catholic Hospital Claims Fetus Not Person in Colorado Malpractice Defense

Three Colorado bishops said on Thursday they will review a Catholic Church hospital's defense of a lawsuit that argues fetuses do not have ...

New Mexico Weighs Reform of Taxi, Shuttle Regulation

Lawmakers are proposing to revamp state regulation of taxis and moving companies to potential lower costs for consumers. Reps. Tom Taylor, ...

Wife Files Lawsuit In Hawaii Police Restraint Death

A wrongful death lawsuit has been filed in the case of a Hawaii man who died while being restrained by police. The Honolulu Star-Advertiser ...

Former Idaho Probation Employee Alleges Gender Bias In Lawsuit

A former Idaho probation and parole employee is accusing her administrators of gender discrimination and creating a hostile work ...

California AG Sues Apparel Makers in China and India over Pirated Software

California Attorney General Kamala D. Harris filed lawsuits on Thursday against two international apparel manufacturers for gaining an ...
International

Davos Strives to Make Climate Talk More than Hot Air

Climate change is back on the global agenda, with debate in the corridors at Davos given fresh impetus by U.S. President Barack Obama and ...

China Insurance Watchdog Warns Sector of Cash Crunch, Low Returns

Some Chinese insurers may face a cash crunch this year as many policies mature, and as the sector faces sliding investment returns and ...

Best Affirms Arch Re and Operating Affiliates' 'A+' Ratings; Outlook Stable

A.M. Best Co. has affirmed the financial strength rating (FSR) of 'A+' (Superior) and the issuer credit ratings (ICR) of "aa-" of ...

Ratings Roundup: First Insurance, InterGlobal, Salama

A.M. Best Europe - Rating Services Limited has affirmed the financial strength rating of 'B++' (Good) and the issuer credit rating of "bbb" ...

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Government, Insurers Should to Join for Nat Cat Costs: Oliver Wyman

Nothing occupies everybody's thoughts as much as a severe crisis. Now we've got two of them -...
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Effects of Worldwide Economic Instability on American Companies

Despite a slightly improved economy here in the U.S., the global economy is not out of the...

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New Discussions in the Forums

What is your biggest pain as an agent?
Posted: Fri Jan 25 -- Insurance companies cut the service part of your commissions a long time ago. Companies like Priceline.com are the future and... lonestar
State Auto Opinions
Posted: Fri Jan 25 -- lonestar, I'm right there with you in Texas. Same problems, same story I've heard from other agents. I do think it probably has something to... Smalltownagent
High Value homes in brush
Posted: Thu Jan 24 -- Good info, I just lost a wonderful opportunity involving PC 10 primary house value 800k, 10 auto, 6 motorcycle, lake-house and boat... JohnnyLaw
Moving and Storage Company (Business Auto)
Posted: Thu Jan 24 -- there is a Zurich Moving & Storage program includes auto coverage. Please research the program here, ... gkroll
Farmers Changes Hiring Policies Re: Bankrupcy
Posted: Thu Jan 24 -- Was an FIG agent from 1995-1998. Looked last year at the Farmers website...none of the agents who were with the company in my territory are... kevinraz

Reader Comments

Should Worst-Flooded Areas Be Left After Superstorm Sandy?
Posted: Wed Jan 23 -- If these folks want to rebuild, fine, but isn't it reasonable to mandate that taxpayers shouldn't have to bear the cost of repeated rebuilds... wvagt
In Inaugural Address, Obama Vows to Tackle Climate Change
Posted: Tue Jan 22 -- Let me guess---this war will be waged via higher taxes as the cure. Can't wait until we are rid of this guy. Climate change is a scam. wayne
Massachusetts Bill Would Require Gun Liability Insurance
Posted: Sun Jan 20 -- You don't have a RIGHT to own a car. You do have a RIGHT to own a firearm. This is more like requiring a poll tax to vote. John Schiffermuller
Superstorm Sandy Challenges Definition of Basement in New Jersey
Posted: Tue Jan 22 -- Why didn't they challenge the definition BEFORE they had a loss? These people read their policies, right???? Let's see, it's flood... Don Quixote
Match.Com Calls Vegas Woman's Lawsuit 'Absurd'
Posted: Wed Jan 23 -- If she wins this, I know a friend of my parents who set me up with their daughter for a horrible prom date that'll be hearing from my... Cheetoh Mulligan

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January 14, 2013
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