Friday, April 19, 2013

Daily Headlines: Friday, April 19, 2013

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Insurance Journal Daily Headlines
April 19, 2013
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

AIG Wins Bid to Move $10B Bank of America Mortgage Lawsuit

A federal appeals court ruled in favor of American International Group Inc by concluding that the insurer's $10 billion lawsuit against ...

Google Again Beats Viacom in YouTube Copyright Case

A federal judge has thrown out Viacom Inc.'s lawsuit accusing Google Inc. of posting its programs on YouTube without permission, a year ...

Rains Wash Away U.S. Drought, Shifting Farm Economy's Prospects

Torrential downpours across a broad swath of the U.S. Midwest this week are easing the worst drought in more than 50 years, flooding ...

Woody Allen v. William Faulkner: Fair Use?

A lawsuit filed by William Faulkner's heirs over a quote in the Woody Allen film "Midnight in Paris" has been scheduled for trial April 7, ...

Professional Risk Solutions to Offer Product Liability, Life Sciences Coverages

Wholesale Brokerage Professional Risk Solutions (PRS) has launched a new venture that extends its offerings to general and product ...

House Passes Cybersecurity Bill Despite Veto Threat

The House of Representatives passed legislation on Thursday designed to help companies and the government share information on cyber ...

From MyNewMarkets.com Interest in Personal Gun Liability Insurance Protection Increasing

Interest in personal liability insurance for firearms owners has expanded with the media focus on gun-centric events and the public...
Carrier Management

O'Leary Set To Lead PHLY's High Achievers & Loyal Soldiers

Although the name of the senior-most officer of Philadelphia Insurance is changing, just about everything else is going...
Free Work Comp Checklist from Academy of Insurance
East

Farmers to Close 21st Century Insurance Call Center in N.Y.

Los Angeles-based Farmers Insurance Group is continuing its integration effort with 21st Century Insurance, an auto insurance company it ...

New York Family Awarded $130M in Medical Malpractice Lawsuit

A Long Island, N.Y., family has been awarded $130 million in a malpractice lawsuit. The parents of Shannon Reilly of Bayport had sued St. ...

2 Former Willis Execs to Lead Towers Watson's Crisis Management Team in N.Y.

Global professional services company Towers Watson hired two brokerage executives for its crisis management business in the U.S. Towers ...

Newark, N.J., Cop Indicted on Auto Insurance Fraud Charge

Prosecutors say a veteran Newark, N.J., police officer has been indicted on insurance fraud charges. Johnathan Taylor faces charges of ...
Midwest

Illinois Jury Sides with Johnson & Johnson in Hip Implant Case

An Illinois jury on Tuesday found in favor of Johnson & Johnson's DePuy orthopedics unit in a second product liability trial of nearly ...

Michigan Governor Unveils Auto Insurance Plan

Michigan Gov. Rick Snyder and Republican lawmakers have unveiled a proposal to end unlimited lifetime coverage for medical expenses tied to ...

Deal OK'd in Muslims' False Advertisement Suit Against McDonald's

A judge has finalized a $700,000 settlement between McDonald's and members of Michigan's Muslim community over claims a Detroit-area ...

Rain Prompts Flood Worries in Missouri, Illinois, Iowa

The Mississippi River, so low for much of the winter that barge traffic was nearly halted, could reach up to 10 feet above flood stage by ...

Missouri Senate Backs $15M of Aid After Joplin Tornado

Missouri senators have backed a plan that could provide $15 million to Joplin to rebuild street curbs and gutters damaged as a result of a ...
Southeast

Florida Hurricane Cat Fund Reform in Jeopardy

Plans to reform Florida's state-backed reinsurance facility with proponents scaling back their proposals. The Florida Hurricane Catastrophe ...

Alabama Jury Awards Family $17M for Hospital Malpractice

A DeKalb County family has been awarded more than $17 million in after a jury found a physician's assistant liable for causing a man's ...

Florida Man Guilty of $1.2M BP Oil Spill Claims Fraud

A South Florida man is facing a potentially lengthy prison sentence after a jury convicted him of attempting to defraud the BP oil spill ...

Patriot National Promotes Halter to Executive Vice President

Workers' compensation specialist Patriot National Insurance Group promoted Paul Halter to executive vice president of underwriting and ...
South Central

What Did Regulators Know Before Texas Plant Exploded?

Despite being located within a short walk of a nursing home, school and residential buildings, West Fertilizer Co. in central Texas had no ...

Fertilizer Explosion Response Team Includes Texas Insurance Department

The Texas Department of Insurance (TDI) reports it is working in conjunction with other public agencies in responding to the April 17 fire ...

Senate Bill Would Require Approval of Large Louisiana Citizens Rate Hikes

Large rate hikes for customers of Louisiana's property insurer of last resort would require legislative approval, under a bill that ...

Texting While Driving Ban Advances in Texas House

A renewed push to make texting while driving illegal in Texas stayed afloat on April 17, but only after narrowly defeating bipartisan ...
West

Wrongful Death Claims Kept Open in Colorado Shootings

A federal judge on Wednesday declined to dismiss wrongful death and liability claims filed against the company that owns the Colorado movie ...

Colorado Lawmakers Consider Worker Discrimination Claims

A proposal to increase legal remedies for employee discrimination at small businesses in Colorado got initial approval by House Democrats ...

Lawsuit Over Los Angeles Lap-Band Ads Is Settled

A company that promotes Lap-Band weight-loss surgery has agreed to pay $1.3 million to settle a false-advertising lawsuit in Southern ...
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International

U.S., UK Want Financial Services Included as Part of Trade Pact

The United States and the UK aim to include financial services in a proposed free-trade agreement between Washington and the 27-nation ...

Wadley to Head New Endurance Pro Insurance Unit

Bermuda-based Endurance Specialty Holdings Ltd. announced that Daniel Wadley has joined the company as Executive Vice President and Head of ...

S&P: Bermuda Outlook Revision 'No Impact' on Bermuda Reinsurer Ratings

Standard & Poor's Ratings Services in a report titled "The Recent Outlook Revision On Bermuda Does Not Affect Bermudian (Re)Insurers", said ...

Best Affirms Ratings French State Reinsurer Caisse Centrale de Réassurance

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

S&P Report Looks At ERM Scores of North American, Bermudian Insurers

Standard & Poor's Ratings Services has updated its enterprise risk management (ERM) opinions for all of its rated North American and ...

Ratings Recap: GIG-Egypt, Univé Her, Infrassure

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

SoDA, IPISC to Offer IP Defense Insurance for Digital Agencies, Production Cos.

SoDA, an association focused on the digital agency and production company community, has partnered with IPISC to offer intellectual ...
Sponsored Content

One-Day Modern Consumer Training for Insurance Professionals Hosted by PIA of Michigan on Thursday, April 25th

Warwick, RI, 4/19/13 - Astonish, a leading digital marketing solutions and sales training provider for insurance agencies, encourages local ...
Insurance Journal Blogs

Could this be the Year for No-Fault Reform in Michigan?

Maybe the Michigan auto insurance law was "essential" when it became law, but in the last four decades it has become luxurious compared to ...

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Insurance Journal TV

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Greenberg's View: Finite Reinsurance

The cornerstone of former New York Attorney General Eliot Spitzer's campaign against AIG and...
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Agents Hang-On to P/C Market But Lose Ground in Personal Auto

After years of dwindling premiums, the property and casualty insurance industry managed to...

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New Discussions in the Forums

Pole Barn W/Wind FL
Posted: Wed Apr 17 -- Private property Autumnle465
Paperless Environment
Posted: Tue Apr 16 -- I completely agree with Island Girl. We started going paperless 6 years ago. The first year was a royal pain with the initial scanning but... justthere
Business Loss - Travel Insurance
Posted: Tue Apr 16 -- This is true. However, most people do not realize that major credit card companies also provide insurance for lost or damaged goods while... chad37
TX - Workers Comp - Contractor
Posted: Tue Apr 16 -- Have you considered a Professional Employer Organization (PEO)? SOI has locations in Dallas, Houston, Austin and San Antonio as well... DOrgant
Agency Management System
Posted: Mon Apr 15 -- If you click on the specific company at agencyuserreviews.com it shows you how many customers reviewed the software and their comments.... yoyowordup
Non compete lawsuit
Posted: Mon Apr 15 -- Shadow, Not sure it you've seen an attorney or not yet, but you need to do so ASAP if your husband is planning on staying in the business.... sacman
Direct Mail VS Paid Leads
Posted: Sat Apr 13 -- 'd' is correct! Don't waste your money! Nothing works, except referrals! If you have competitive companies, solicite your own clients for... ziiqui

Reader Comments

Climate Scientists Struggle to Explain Warming Slowdown
Posted: Tue Apr 16 -- Of course they're struggling to explain it. Their whole argument was BS from the beginning. Larry Bortolin
As Gun Sales Soar, Insurance Sales Follow Suit
Posted: Mon Apr 15 -- Folks, Ya'll need to shake yourself. Police are trained to shoot or not shoot at targets based on threat assessment. A woman carrying a baby... Roger Rabbit
Gun Liability Insurance Measures Facing Uphill Battle in State Legislatures
Posted: Mon Apr 15 -- Agent said- Caterpillar was really struggling with Obamacare and how it was going to affect them so they applied for and received a... Sargent Major
UN Report Finds World Climate Change Goal at Risk as Emissions Surge
Posted: Mon Apr 15 -- I will most likely be regarded as a "sceptic" with my following commentary however, believe that I am actually a "realist", so here we go.... Jeff Smith
FBI Calls Boston Marathon Bombings 'Potential' Terrorist Act
Posted: Wed Apr 17 -- Planet, I have been praying for the victims since it happened and also that our government will be successful in catching and dealing with... Agent

Current Issue

April 8, 2013
Current Issue
Big "I" Issue (with Young Agents Survey); Medical Professional Liability; Alcohol & Drug Rehab; Bonus: Education & Training Directory

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