Wednesday, March 6, 2013

Daily Headlines: Wednesday, March 6, 2013

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Insurance Journal Daily Headlines
March 6, 2013
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Small Businesses Hit With Data Breach Often Fail to Notify Customers: Survey

While more than half the U.S. small businesses experienced at least one data breach, just one-third of those firms notified individuals ...

U.S. Commercial Lines Rates Up 4% in February: MarketScout

Commercial lines property/casualty insurance rates rose 4 percent on average in February 2013 compared February 2012, a recent survey ...

AER Upgrades Respond Products to Improve Hail Claim Assessments

Atmospheric and Environmental Research (AER), a member of the Verisk Analytics Family of Companies, has upgraded its AER Respond and ...

General Star Launches High Value Homeowners Program

General Star Management Co. has launched a high value homeowners program. Effective March 1, the product is offered through All Risks, Ltd, ...

Cut Crop Insurance Subsidy by $40 Billion, Say Fiscal Conservatives

A coalition of fiscal conservatives on Tuesday called for a steep cut in federal subsidies for crop insurance, setting up a clash with U.S. ...

Trial for BP Shareholders' Suit Over Gulf Spill Claims Set for 2014

A U.S. civil trial has been set for Aug. 25, 2014, regarding accusations that BP Plc committed fraud by misleading shareholders before and ...

From MyNewMarkets.com New MarketScout Venture Aids Industry in Navigating High-Net Worth Segment

"For quite some time, insurance companies have recognized that high net worth personal lines is a unique and different segment of the...
Carrier Management

Board-Level Attention To IT Security Critical For Data-Reliant Insurers

Cyber crime is one of the fastest growing areas of crime in the world. Modern day criminals are exploiting the speed and...
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East

Superstorm Sandy Battered the Poor Hardest, Studies Show

Superstorm Sandy punished low-income people in New York and New Jersey, especially renters who are now at risk of being unable to find new ...

Ex-DEP Boss: Buy Out Flood-Prone New Jersey Homes

As New Jersey lawmakers consider a package of bills to help the state recover from Superstorm Sandy, a former New Jersey environmental ...

Penn State Sues PMA Insurance Over Alleged Breach of Contract

Pennsylvania State University on Tuesday filed a lawsuit against Pennsylvania Manufacturers' Association Insurance Company (PMA), alleging ...

New Jersey Finds 124 Unregistered Post-Sandy Contractors

New Jersey inspectors have found 124 unregistered contractors doing work on homes damaged by Superstorm Sandy since January. Investigators ...
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Midwest

Minnesota House Passes Health Exchange Proposal

The Minnesota House passed a bill establishing the state's health insurance exchange, the first step toward enactment of an online ...

Subcontractor in Deadly Kansas City Blast Lacked Permit

A cable company subcontractor suspected of rupturing a natural gas line before a deadly Kansas City restaurant explosion didn't have an ...

Michigan House to Debate Propane Accident Liability Limits

The Michigan House is expected to take up legislation that would limit liability for companies in propane fires and explosions. The bill ...
Southeast

Property Insurance on Agenda as Florida Legislature Opens

New leadership now controls Florida's Republican-led Legislature, where the loquacious Don Gaetz presides in the Senate and 33-year-old ...

West Virginia Considers Landowner Liability Bill

The West Virginia Senate is weighing a bill that would ensure that property owners face very limited liability from trespassers on their ...
South Central

Lockton Dunning Benefits Adds Allday, Promotes Childress

Dallas-based Lockton Dunning Benefits has expanded its health and welfare benefits consulting team with the hire of Robert Allday as senior ...

Audit Outlines Trouble with Louisiana's $75M 'Katrina Cottages' Program

Louisiana's $75 million "Katrina cottages" program took years longer than expected to build homes for hurricane-displaced residents and ...

USAA Adding as Many as 3,500 New Positions Through 2015

San Antonio-based USAA announced plans to add as many as 3,500 net new jobs over the next three years to keep pace with its current and ...
West

Arizona House Approves Tax Credits For Three Insurers

The Arizona House gave final approval to a bill granting new tax breaks of $50 million over three years for insurance companies that invest ...

Colorado Theater Victims Say Lawsuit Should Be Heard

Two witnesses to the July mass shooting inside an Aurora movie theater are arguing their lawsuit against the theater owner should not be ...

Colorado Assault Weapon Liability Bill Gets First Approval

A proposal to hold sellers and owners of assault weapons liable for damages in Colorado shootings got initial approval in the state Senate. ...

New Mexico Says New Signups For High-Risk Program Halted

New Mexico officials say new enrollments in a program that's part of the 2010 federal care overhaul are being suspended because there's ...

California Insurance Commissioner, Mercury Tangle Over Rate Reduction

California Insurance Commissioner Dave Jones issued a decision providing for an 8.18 percent rate reduction in homeowners insurance by ...

Beazley Adds Kim to Medical Liability Team in California

Michelle Kim has joined Beazley and will be located in the Glendale, Calif. office, adding to the company's miscellaneous medical team. Kim ...
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International

Aon Benfield February Cat Report:U.S. Winter Storms; Russian Meteor

Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, has released the latest edition of its monthly ...

EU Fines Microsoft $731 Million for Breaking Browser Choice Promise

The European Union fined Microsoft Corp €561 million [$731.5 million] on Wednesday for failing to offer consumers a choice of web ...

Dick Joins Cooper Gay to Expand Professional Risks Division

Independent insurance and reinsurance intermediary Cooper Gay announced the appointment of Graham Dick as a Director of its Professional ...

Miller Insurance Continues Expansion in France; Hires 3 Reinsurance Execs

UK-based Miller Insurance Services announced that it has increased its presence in the French market with the hiring of three senior ...

Ratings Roundup: Arden Re, GBG

A.M. Best Co. has affirmed the financial strength rating of 'A-' (Excellent) and issuer credit rating (ICR) of "a-" of Bermuda-based Arden ...
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Sponsored Content

Tim Cloney Hired as Special Investigations Unit Manager at Investigation Solutions, Inc.

San Diego, CA, 03/06/13 - Investigation Solutions, Inc. (ISI) announces the addition of veteran fraud fighter Tim Cloney to its management ...

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New Discussions in the Forums

AMS360 for accounting?
Posted: Tue Mar 5 -- If you planning to take this course online so first you just follow their guidelines and you have to check their website for their rules and... accountzy
Carrier technology
Posted: Mon Mar 4 -- What about Kemper, I heard they were good? mmh6
Insurance Noodle vs. Superior Access vs. Agent Secure
Posted: Thu Feb 28 -- Read the fine print on contracts with the clusters and aggregators. Most have a clause where you can't directly or indirectly contract with... newportins
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
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

Reader Comments

Alabama Woman Sues Wal-Mart, Alleges Moldy Mr. Goodbar
Posted: Fri Mar 1 -- Goodbar gone bad. Badbar? ExciteBiker
Lawsuits by Fans Injured at NASCAR Race Face Obstacles
Posted: Fri Mar 1 -- Wait...you mean sitting 10-20 feet away, in the first row near cars zooming by at 200 MPH is dangerous? I did not know that! DJ
Panel Kills South Dakota Plan to Ban Texting While Driving
Posted: Fri Mar 1 -- I cannot believe this bill failed. What were they thinking?? Stupid is as stupid does. Alwasy Amazed
Idaho Court: Baseball Fan Can Sue Over Ball Injury
Posted: Thu Feb 28 -- I'd guess it was a Republican since he cheering for a Cubs farm team. Republicans sure do love their losers [cough, Romney, cough]. Sally Anne Fannymaker
Southern California Hotel Sued Over Corpse in Water
Posted: Fri Mar 1 -- What is the injury? Disconcerting hindsight? Think about the hotel cleaning process. Do you know how most of them "wash" the glasses? They... ExciteBiker

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