Thursday, February 28, 2013

Daily Headlines: Thursday, February 28, 2013

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Insurance Journal Daily Headlines
February 28, 2013
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Bipartisan Optimism As Sweet As Maple Syrup at Workers' Comp Conference

The political stalemate in Washington regarding the deficit and sequestration is not as dire or depressing as most people and pundits ...

Snapshot: Who Are America's Small Business Entrepreneurs?

About one third of America's entrepreneurs are women, many are between the ages of 30 and 49, and 60 percent spent more than six months ...

AIG Expands NextGen Product to Transportation, Logistics Industry

The American International Group (AIG) insurers have expanded their NextGen Protection suite of products with the release of PLL ...

Day #2 at Oil Spill Trial: BP Drilled Despite Earlier Problems

BP Plc took chances drilling its doomed Macondo well long before it ruptured in 2010, a well design and pressure expert said on Wednesday ...

Bipartisan House Bill Seeks to Stop Abusive Patent Lawsuits

Two U.S. Congressmen introduced a bill on Wednesday that would penalize companies that file frivolous patent infringement lawsuits, derided ...

From MyNewMarkets.com Will Wind/Hail Cosmetic Damage Exclusion Endorsements Become the Norm?

Cosmetic damage from wind and hail to homeowner and commercial properties may no longer be covered if insurers opt to use new endorsements,...
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East

Judge Approves Dewey & LeBoeuf Liquidation Plan

A federal bankruptcy judge approved the liquidation plan for Dewey & LeBoeuf on Wednesday, a milestone in the winding down of the collapsed ...

International Insurers, Reinsurers to Shoulder Half of Sandy Losses: ABIR

International insurance and reinsurance companies are expected to cover half of total insured losses from Superstorm Sandy, an industry ...

N.Y. Seeks to Finalize Still-Unresolved Sandy Claims; Insurers to File Weekly Reports

New York regulators said this week insurers would be required to follow additional rules to expedite the resolution of remaining ...

New Hampshire Officials Warn Snow Poses Roof Collapse Danger

New Hampshire emergency management officials are warning the third major snowstorm in a month is increasing the danger that roofs could ...

Erie Insurance Names IT Senior Vice President in Pennsylvania

Erie Insurance appointed Keith Kennedy as senior vice president for strategic and integrated services with the company's Information ...

New FEMA Flood Maps for NYC Include WTC Site

The Federal Emergency Management Agency has released new advisory maps for Manhattan that include the World Trade Center site in the zone ...
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Midwest

Jury Awards $3.35M in Vaginal Mesh Case Against J&J

A jury said Johnson & Johnson should pay a South Dakota woman $3.35 million for failing to adequately warn her doctor of the potential ...

$4.3M Recovered in 2012 for North Dakota Consumers

North Dakota Insurance Commissioner Adam Hamm has released a report that shows more than $4.3 million was recovered or saved for North ...

South Dakota Panel Endorses Cellphone Ban for Young Drivers

A measure that prohibits beginning drivers from using cellphones or other electronic devices until they get unrestricted licenses at age 16 ...
Southeast

Insurers Split Over Proposed Changes to Florida Guaranty Fund

Florida lawmakers have kept alive a bill that would alter the method of funding the state fund that pays the claims of insolvent property ...

Alabama Looks to Limit Lawsuits Against Airbus Suppliers

Alabama officials are trying to cut down on competition from Mississippi and Florida for Airbus suppliers by limiting lawsuits against ...

West Virginia Cites 45 Violations After 2 Deaths at Mine

State inspectors have issued 45 violations at a West Virginia coal mine since two men died there earlier this month, including one for ...

BrickStreet Insurance Gives West Virginia University Record $4M Gift

West Virginia University's College of Business and Economics has received the largest gift in its history. The university said that the ...
South Central

NTSB: Train Missed Signals Before Oklahoma Crash

One of two freight trains that collided in the Oklahoma Panhandle last summer, killing three workers and causing an inferno that nearly ...

Louisiana Commissioner Praises Court Ruling on Emergency Rule

Louisiana Commissioner of Insurance Jim Donelon announced he is pleased that the 19th Judicial District Court has upheld an emergency rule ...

Arkansas Electronic Proof of Insurance Bill Goes to Governor

The Arkansas Legislature has approved a bill allowing drivers to use their cellphones or other portable electronic devices to display proof ...

Wells Fargo Insurance Concussion Care Program Expands in Texas

Wells Fargo's Student Insurance Division, part of Wells Fargo & Co., announced plans to expand its Play it Safe Concussion Care Program to ...

Boat Collision Causes Small Oil Spill Near New Orleans

A boat collided with an inactive oil and gas well near New Orleans on Tuesday night, causing a small oil spill, the U.S. Coast Guard and ...
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West

New Mexico House Approves Insurance Regulator Overhaul

The House has approved a proposal for establishing an independent state office regulating the insurance industry in New Mexico. The measure ...

Colorado Lawmaker Wants Assault Weapons Liability for Sellers and Owners

Sellers and owners of assault weapons could be liable for damages caused by shootings in Colorado, another response from Democrats to ...

Idaho Court: Baseball Fan Can Sue Over Ball Injury

A man who lost an eye after being hit by a foul ball at a baseball game can seek damages from a minor league team in Idaho. The Idaho ...

EPA Assessing Possible Cancer Cluster In Oregon

The Environmental Protection Agency held a meeting in Salem, Ore. to update the public on a preliminary assessment of four sites in west ...

Idaho Religous Groups Could Get Exemptions From Insurance Laws

Nonprofit religious groups that help members share medical costs are a step closer to being exempted from Idaho insurance laws. The Senate ...

Lockton's Denver Energy Practice Expands With Gately

Kim Gately has joined Lockton Denver as a member of its expanding energy practice. Gately, who serves as vice president and account ...

Northern California Business Owner Sentenced For Premium Fraud

A Northern California business owner has been sentenced for workers' compensation insurance premium fraud and pay over $2 million in ...
International

AIR Update: Tropical Cyclone Rusty Makes Landfall in Western Australia

Catastrophe modeling firm AIR Worldwide reported that Tropical Cyclone Rusty came ashore with 1-minute sustained winds of 136 km/h [85 mph] ...

FACTBOX-What UK Banks Have Set Aside for PPI Mis-Selling

Royal Bank of Scotland has set aside another £1.1 billion ($1.667 billion) to compensate customers for mis-selling two types of products, ...

Arc Legal Partners with Rent4sure for Online Claims Reporting for Landlords

The UK's Arc Legal Assistance announced that it has been appointed by real estate agents Rent4sure to "provide a range of comprehensive ...

Ratings Roundup: Eurasia, Kazakhinstrakh

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

Texas Bills Look to Address Mitigation, Wind Pool

This week, two important pieces of legislation began moving through the Texas Legislature. H.B. 1890 was filed by Rep. Phil Stephenson, ...

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Cost of Disaster Relief: IBHS CEO Rochman

Why does it seem easier for society and, in particular, government to respond by spending lots...
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How Improving Agency Processes Boosts Profitability

To boost their profitability, agencies make investments all the time in people and technology,...

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New Discussions in the Forums

CA after-school GL and Auto
Posted: Thu Feb 28 -- Looking for GL/Auto market for an after-school in California. Its daily operation like: Use its own mini van to transport elementary student... antagent
QuickBooks
Posted: Thu Feb 28 -- just as an FYI - the new agency platform from Quikfuzion.com will be announcing a tight integration with Quickbooks. That will handle the... jtmgolf00
Insurance Noodle vs. Superior Access vs. Agent Secure
Posted: Thu Feb 28 -- "These MGA's are working on quantity and the system is set up for expedicious processing when a risk... Pathwayinsurance
Carrier technology
Posted: Thu Feb 28 -- Grange & Progressive are exceptional. Pathwayinsurance
SEO and buying back links
Posted: Thu Feb 28 -- Google has made some massive changes Is of January 17, 2013 for backlinks, one agent went from page one to page 13 for many of hi keywords... Pathwayinsurance
Imprezzio Marketing: SEO Firm
Posted: Thu Feb 28 -- "I agree with much of what d says. Here is a good thread about SEO from a few years back... Pathwayinsurance
Insurance directories??
Posted: Thu Feb 28 -- Not all paid directories will get you penalized, for instance Google likes the BBB. Technically not a directory, but like a directory If... Pathwayinsurance
Online Competition
Posted: Wed Feb 27 -- R: d's insurance store. D's comments very astute. As an long time commercial underwriter now agent/broker. Unfortunately, I agree with every... mccluney

Reader Comments

Rate Cap for Older Insureds to Mean Higher Health Insurance Costs for Younger
Posted: Mon Feb 25 -- Yes Dave, rates are already skyrocketing across the country. For one thing, companies know they have to accept the PreX crowd and all their... Agent
'Devil's Tooth Exorcism' Results in $3.7M Claim Against Tennessee Church
Posted: Tue Feb 26 -- Should be easy to settle "a tooth for a tooth?" Original Bob
California School District Sued Over Yoga Program
Posted: Fri Feb 22 -- "Children who have opted out of the program ..." 'nuff said on a constitutional basis. It isn't mandatory. InsGuy
World Trade Center Developer Challenges Airline's 'Act of War' Defense for 9/11 Attacks
Posted: Thu Feb 21 -- I'm not going to comment on the potential coverage issues involved here. My only first hand observaiton is, that after nearly 12 years,... Claimsguy
A University Health System Says It Will Stop Hiring Smokers in Pennsylvania
Posted: Tue Feb 26 -- Bob, You need to find a sense of humor. Again, lighten up. You're wound tighter than a 95 year old virgin. I don't think Planet was doing... jw

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