Daily Headlines: Friday, March 22, 2013

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March 22, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Sandy Losses Wiped Out Entire U.S. Marine Premiums for 2012: IUMI The cost of Superstom Sandy to the global marine market has been put at between $2.5 billion and $3 billion -- which effectively wipes out ... Supreme Court to Hear Drugmakers' 'Pay for Delay' of Generic Products Case The U.S. Supreme Court will hear arguments on Monday over whether big drug companies can settle patent litigation with generic rivals by ... Turning Tornado Debris Into Better Storm Warnings Photos and mementoes that were snatched up and blown hundreds of miles during tornados in the south of the United States two years ago are ... Doctors Offer Guidelines on Sports Concussions When athletes are suspected of having a concussion, they should be taken out of action immediately, new guidelines from a major medical ... Philadelphia Launches New Media Liability Coverage Philadelphia Insurance Companies (PHLY) has launched a new insurance coverage offering for both media companies and organizations that ... State Auto Introduces Data Compromise Plus The State Auto Insurance Cos. have created a new data breach policy called Data Compromise Plus to address this growing coverage need faced ... Agents Seek Mobile Apps for Customer Self-Service, Sales Help: Survey Independent agents and brokers want their customers to be able to "self-serve" on mobile devices, and sales and quotes are key capabilities ... ISO Commercial Property Changes - Part 2 - Cause of Loss Form Changes Insurance Services Office's (ISO's) form and endorsement filing is actually quite fascinating. The commercial property changes presented... Individual P/C Carrier Results Lackluster, Despite Aggregate '12 Improvement: Fitch Although the aggregate operating results for a group of large publicly traded property/casualty insurers improved... More National News East NYCIRB Examines N.Y.'s Proposed Workers' Comp Reform Bills New York Gov. Andrew Cuomo's workers' compensation reform proposals are expected to bring overall net savings to employers, according to ... Penn. Regulators Urge Consumers to Consider Buying Flood Insurance The Pennsylvania Insurance Department is encouraging homeowners to consider buying flood insurance to help protect against potential spring ... Dunes vs. Property Rights in Storm-Battered New Jersey The sand dune that ruined Harvey and Phyllis Karan's view of the ocean allowed their beachfront home to see another day when Superstorm ... New York City Sees Increase in Traffic-Related Deaths The number of New York City traffic fatalities is on the rise.Officials say 274 people died in traffic-related deaths in 2012. That's up ... Wells Fargo Insurance Names Head of M&A Group in New York Wells Fargo Insurance, part of Wells Fargo & Company, named Richard Colton head of its mergers and acquisitions industry practice. Based in ... More East News Midwest Judge Awards Ohio Employers $860M for Workers' Comp Overcharges Ohio employers are collectively owed $860 million after being overcharged for nearly a decade by the state insurance fund for injured ... Esurance and Walmart Team Up for Auto Insurance Discount Program Esurance is launching a pilot program offering auto insurance discounts to customers at select Walmart stores in Illinois. Through the ... Report: Fargo Should Expect 1 of its Worst Floods Residents along the Red River in Fargo, N.D., and neighboring Moorhead, Minn., should prepare for one of the top five floods in their ... Safety Effort Targets Missouri's Older Drivers Officials unveiled a public health campaign on March 20 aimed at helping get aging Missouri men and women off the roads when it's no longer ... More Midwest News Southeast Florida Gov. Scott, Insurers Vow Fight to Save PIP Law After Injunction A Florida circuit court judge has issued a temporary injunction against certain provisions of the state's no-fault personal injury ... Mississippi Damages Cap Question Not Settled by U.S. Court Ruling A decision by the Fifth Circuit Court of Appeals that Mississippi's $1 million cap on non-economic damages arising from civil litigation ... Kentucky Supreme Court Disbars 'Godfather' of Class Actions An Ohio attorney known as the godfather of the modern class-action lawsuit was disbarred Thursday by the Kentucky Supreme Court, which ... DUI Case Puts Spotlight on Kentucky State Police Lab Tests The Jefferson County Attorney's Office says a judge's decision to acquit a Louisville woman of an impaired driving charge shows the ... More Southeast News South Central Oklahoma Panel Clears Roofing Bond Requirement Bill An Oklahoma House committee has approved a proposal that its sponsor said would help protect Oklahomans from what he called subpar roofing ... Beware March 25, a Rough Weather Day for Austin Three of the most damaging and costliest hailstorms in the history of Austin, Texas, have all occurred on March 25. While Texas usually ... Claims Against BP Contractors Dismissed at Trial A federal judge conducting a trial to assign fault for the nation's worst offshore oil spill dismissed claims against a BP contractor and ... Arkansas House Panel OKs Small Business Financing Bill An Arkansas House committee has advanced a proposal to establish a new economic development program in the state aimed at driving private ... More South Central News West Alaska Insurance Division Offers Car Accident App The Alaska Division of Insurance is offering a free app that officials say can help drivers involved in car accidents. Officials say the ... Alcohol Discrimination Ruling Upheld In Montana Inmate's Death A state hearings officer has upheld a ruling that Blaine and Hill counties showed discriminatory indifference toward an 18-year-old inmate ... Marijuana Training Program Approved In Colorado A marijuana proposal aimed at training people who work in medical marijuana businesses awaits the governor's pen in Colorado. The Senate ... More West News International How Red Bull Handled Product Tampering Threat Could Pay Off Austrian company Red Bull's unusual decision to go public on a blackmailer's threat to contaminate its energy drinks with feces could cost ... Russia Rebuffs Cyprus Aid; EU Awaits Bailout 'Plan B' Cyprus' finance minister left Moscow empty-handed on Friday after Russia turned down appeals for aid, leaving the island to strike a ... BRICS to Endorse Plans for Reserves Pool, Development Bank Leaders of the world's major emerging economies are likely to endorse plans at a summit next week to create a joint foreign exchange ... Zurich Names Quin to Head Investor Relations, Rating Agency Management Zurich Insurance Group announced the appointment of James Quin, (44, British citizen), to the position of Head of Investor Relations and ... Ratings Recap: Triglav/Triglav Re, Tristar A.M. Best Europe - Rating Services Ltd. has assigned a financial strength rating of 'A-' (Excellent) and issuer credit ratings of "a-" to ... More International News Insurance Journal Blogs Outsourcing Your Digital Marketing Strategy: When do you know it's time? This post is part of a series on insurance marketing and training sponsored by Astonish. Local insurance agency owners wear multiple hats - ... More Blogs Join the Insurance Journal Network Insurance Journal TV Greenberg's View: AIG's Rise and Near Fall, Spitzer's Campaign, Financial Crisis Maurice "Hank" Greenberg helped build American International Group into the world's largest... Watch Now Gordy Bunch on Growth at The Woodlands Financial Group Richard "Gordy" Bunch, president and CEO of The Woodlands Financial Group, readily concedes... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Arizona broker fees Posted: Fri Mar 22 -- Whoops --- not correct information -- In Arizona a fee for surplus lines business can be charged only by a surplus lines broker and a tax... AZagent Insurance agencies for sale ? Posted: Mon Mar 18 -- I've got an idea or two. First, contact your broker who handles your E&O agency policy...they're going to know first when an agency is ready... d's insurance store Insurance directories?? Posted: Sun Mar 17 -- I agree the BBB is a great directory to use and it will provide a boast to the rankings Google applies to your site. The more trusted the... BestCarCoverage AI request on form 126 - where do you Posted: Sat Mar 16 -- I was talking to some agent friends this week, they each work at a different agency. We started discussing completed Acord forms. One agent... etimer Astonish Results or Squid Posted: Fri Mar 15 -- NYagent301- I'm also a 24 year veteran industry professional...while its true everyone is Entitled to their personal opinion, and It's true... Pathwayinsurance Online Competition Posted: Fri Mar 15 -- "I believe you are incorrect in your assumption. Clients do want value. You just need To take steps to educate them on why they need value.... Robert742 Go to Forums Reader Comments Applying for Obama Health Care Plan Daunting Task Posted: Fri Mar 15 -- Planet: I already posted a CBO link on regarding the Iraq war spending. Those are the numbers. When numbers don't line up with what you... Bob Health Cost Savings Innovations Need Time: Obama Official Posted: Thu Mar 21 -- Everything Obama does needs to "take time." I like the time it took when Bush cut taxes that took place after 9/11 and when the economy was... SFBayArea Oklahoma Insurance Commissioner Refuses to Enforce Affordable Care Act Posted: Mon Mar 18 -- I understand what you're saying, and those are interesting points. However, this article is not about those things you mention. This is only... jw Texas Lawmaker Scolds Insurance Industry over Coastal Coverage Posted: Fri Mar 15 -- Some wind damage to a roof is one thing,but a total loss due to wind is another.In my mind there is no justification in continually... philip California Senator Proposes 4 a.m Last Call for Alcohol Posted: Fri Mar 15 -- ...because people really plan vacations based on which cities pour after 2am? I'm not a crazy prudish wacko, but please consider that maybe... insurance is fun! 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