Friday, April 5, 2013

Daily Headlines: Friday, April 5, 2013

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Insurance Journal Daily Headlines
April 5, 2013
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Good News: Progress Reported in Teen Passenger Safety

A new report on teen driver safety by The Children's Hospital of Philadelphia (CHOP) and State Farm shows encouraging trends among teen ...

New Vehicle Safety Ratings Would Reflect New Technologies, Aid Older Drivers

The U.S. Transportation Department said on Thursday it is looking at ways to expand its vehicle safety ratings in response to rapidly ...

Commercial Rates Continued Up in March, Even for Large Accounts: MarketScout

Commercial insurance rates were up about five percent in March, according to the latest barometer from MarketScout and the National ...

Mortgage Insurers Settle for $15 MIllion Over Alleged Kickbacks to Lenders

Four mortgage insurers agreed to pay about $15 million to settle claims that they paid kickbacks to mortgage lenders in exchange for ...

Congressional Aide McCabe Joins Marsh Cyber Security Practice

Matt McCabe, a former congressional advisor on cyber security, has joined Marsh's Network Security and Privacy Practice as a senior vice ...

Starr Aviation Partners with Aviation Safety Group for Pilot Reward Project

Starr Aviation (Starr), a division of Starr Indemnity & Liability Co., has partnered with the Society of Aviation and Flight Educators ...

KF&B Launches New Bus Program

Wholesaler KF&B, Inc. has launched a new auto liability program for buses with up to $5 million in liability limits. The program is ...

From MyNewMarkets.com Willis Forms New Practice Group to Help Clients Meet Diversity Requirements

A new practice group from Willis called Willis Open has been started to help public entities and corporate businesses build alliances with...
Carrier Management

Capital Wave Flows Into Re Market; Reinsurers Forced To Change

Willis Re reported this week that a wave of new capital--amounting to $35 billion--is currently flowing into the global...
The National Flood Insurance Program: Past, Present and Future - new webcast available from Academy of Insurance
East

N.Y. Charities to Provide 200 Coordinators to Help in Storm Recovery

New York officials and Catholic Charities have announced a $38.5 million program to provide more than 200 coordinators to help residents ...

Maine-Based Agencies Turner Barker, Clark Insurance to Merge

Turner Barker Insurance, a Portland, Maine-based agency which had been a wholly owned subsidiary of Gorham Savings Bank for the past dozen ...

Gowrie Group in Connecticut Appoints Commercial Lines Account Executive

Gowrie Group, an independent insurance agency based in Westbrook, Conn., appointed Kristen Lincoln as an account executive within the ...
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Midwest

Iowa Senate Panel OKs Small Business Health Coverage Tax Incentive

An Iowa Senate panel approved a bill that would give a new income tax break to small businesses if they cover part of their employees' ...

South Dakota State Fair to Restrict Use of Golf Carts

South Dakota officials will restrict the use of golf carts on the state fairgrounds to improve safety during this year's State Fair. State ...

Kansas Agent Association Director Joins InVEST Board

InVEST, the insurance industry's premier classroom to career education program, announced that Carol McClelland has joined its national ...
Southeast

Florida May Scrap No-Fault Auto Insurance Law

Frustrated by a recent court decision temporarily blocking part of Florida's no-fault auto insurance law reformed last year, state ...

Florida Lawmakers Advance Parasailing Regulations with Insurance Mandate

A bill to ensure more safety for thrill seekers who soar above Florida's coastlines while dangling from parachutes has cleared its initial ...

Crews Secure Cruise Ship That Tore Loose in Alabama

The crippled cruise ship whose sewage-filled breakdown in the Gulf of Mexico subjected thousands to horrendous conditions tore loose ...
South Central

Texas Senate OKs Tougher Punishment for Fleeing an Accident

The Texas Senate has has passed a bill that toughens the punishment for leaving an accident that causes an injury. The measure by Austin ...

Arkansas Governor: U.S. Government Will Help With Private Insurance

Federal officials have offered "conceptual support" for Arkansas' plan to use Medicaid dollars to buy private health insurance for ...

Oklahoma Panel OKs Bill Punishing Uninsured Drivers

An Oklahoma House committee approved a bill on April 2  aimed at preventing uninsured drivers from receiving any monetary damages after ...
West

Report: 1 in 5 California Citizens Lives in Flood Zone

California is suffering from one of its driest winters on record, but some statewide water managers are focusing on the opposite end of the ...

Hanford Nuclear Contractor Settles Lawsuit For $1.1M

A contractor at the Hanford nuclear plant in Washington has agreed to pay $1.1 million to settle a lawsuit filed by the Justice Department ...

Report Praises Response To Deadly Colorado Wildfire

A review of the most destructive wildfire in Colorado history released Wednesday found much to praise and few problems in the way Colorado ...

New Mexico Man Gets $70K Settlement In Mistaken ID Arrest

A New Mexico county is paying a $70,000 settlement to a man who was arrested and then jailed for several days after being mistaken for ...

Leavitt Names Landrum In California

Fresno, Calif.-based Barlocker Insurance Services has hired Debbie Landrum as an account executive. Landrum has been helping clients with ...
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International

Aon Benfield Cat Report: Severe Winter Causes $1.8bn Econ. Loss in Europe

The latest catastrophe report for the month of March from Impact Forecasting, the catastrophe model development center of excellence at Aon ...

NOAA's CPC Sees El Niño Problems 'Unlikely' in No. Hemisphere for Summer

The U.S. national weather forecaster reiterated on Thursday its forecast that the much-feared El Niño phenomenon is unlikely to affect the ...

Sources Say UBS Was Mystery Lender for Thai Group's Ping An Deal

The mystery lender behind a Thai billionaire's $9.4 billion purchase of a stake in China's No.2 insurer was UBS, which offered the region's ...

German Minister Says Tax Haven Report Will 'Increase Pressure'

German Finance Minister Wolfgang Schaeuble said on Friday he was glad the identities of thousands of holders of bank accounts in tax havens ...
Create your Client Attraction Story in this webcast with author Bill Whitley from Academy of Insurance


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Greenberg's View: Opening Global Markets, Shaping Foreign Relations

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New Discussions in the Forums

Insurance Noodle vs. Superior Access vs. Agent Secure
Posted: Fri Apr 5 -- I've been trying to research what would be the best option out of Insurance Noodle, Superior Access, Agent Secure, etc. Seems like in... jlfogle
remote control aerial photography
Posted: Thu Apr 4 -- Need GL in Florida that includes the use of remote controlled helicopter used for aerial photography haharem
I.A. start up- cluster, alliance (siaa type) or go it alone?
Posted: Thu Apr 4 -- Whenever you go into an arrangement make sure you understand the exit from the arrangement. The value of you agency is determine on your... jwns2864
buying commercial lines leads...
Posted: Thu Apr 4 -- We might be able to help. We provide pre-qualified Appointments and leads -We work on a per appointment / per lead basis We are confident... charlie
non compete clause
Posted: Thu Apr 4 -- If you have to ask the question you know the answer, you signed an agreement not compete. If you take their customers you are competing. But... jwns2864
Pole Barn W/Wind FL
Posted: Thu Apr 4 -- Any markets for a pole barn in FL, zip 32168 with wind? I haven't found a company willing to offer wind coverage. Autumnle465
What marketing efforts are generating business?
Posted: Wed Apr 3 -- Having been in the industry for 19 years, some as a captive agent, some as a corporate employee working with independent agencies and now as... Michmmosh

Reader Comments

Relatives Sue Over University of Alabama Cheerleader Bus Crash
Posted: Mon Apr 1 -- Center Point: they are naming the bus company because they have deeper pockets than just the owner of the car she was in. and that's the way... bob
How Obamacare Could Affect P/C Insurance
Posted: Fri Mar 29 -- The Feds are constantly cutting what they pay for medical care. Who do you think the costs will be passed on to? The employers will elect to... Normct
Insurer Analyzes Top 10 Driving Distractions Involved in Fatal Car Crashes
Posted: Thu Apr 4 -- I am always amazed that a driver feels the need to make eye contact with other passengers in the car when driving. The worst is the driver... Center Point
North Carolina Bill Would End Motorcycle Helmet Mandate for Adults
Posted: Mon Apr 1 -- I don't ride anymore but I did like riding without a helmet. But on the two occassions where a driver who either didn't see me or just... Stush
Supreme Court Case Has Tax, Benefits Implications for Married Gay Couples
Posted: Fri Mar 29 -- Heard somnething last night that I totally agree with. The best solution to all is to have the government get totally out of the marriage... Dave

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