Daily Headlines: Monday, April 9, 2012

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April 9, 2012 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Treasury Freezes Pay for CEOs at Bailed Out Firms AIG, Ally, GM The chief executives of General Motors, AIG, and Ally Financial had their 2012 compensation packages frozen for a second year in a row by ... New Jobs Act Does Not Reduce Management Liability Any U.S. corporate executives who think they can use the Jobs Act's relaxed rules for public listing to cut corners on accounting and ... Kemper Changes Name for Specialty Business Unit Kemper Corp. has changed the name of its Unitrin Specialty business to Kemper Specialty, effective April 9, 2012. The next step will be to ... New Insurance Ventures Ready, Waiting for Economy and Market to Turn The time appears to be right for new ventures including program managers, wholesaler brokers and retail agencies, despite uncertainty with... More National News East N.J. Couple Gets $284K in Dispute Over Beach House A New Jersey couple whose beach house was destroyed by a storm 50 years ago has finally been awarded compensation for it, but may appeal ... N.Y. Judge Approves Deal Over Tunnel Minority Hiring A New York judge has approved the $7.5 million settlement of civil fraud claims over minority hiring against two construction companies ... Navy Jet Crash in Virginia Beach, Va., Fiery, Not Deadly Zooming along at 170 mph (275 kph) in a fighter jet carrying thousands of pounds (kilograms) of volatile fuel, two Navy pilots faced ... Mass. Immigrants Begin to Join Health Care Plan The agency overseeing Massachusetts' landmark health care law has begun enrolling thousands of legal immigrants into the subsidized ... More East News Midwest Former Warranty Insurance Firm Co-Owner Pleads Guilty in Missouri A former co-owner of one of the country's top marketers of auto service contracts has pleaded guilty in Missouri to theft and fraud. Darain ... Wisconsin Governor Signs Bill Erasing Workplace Discrimination Damages Wisconsin Gov. Scott Walker has signed a bill that prohibits workers from collecting damages in employment discrimination cases. The ... FEMA: More than $2M in Indiana Disaster Aid Approved More than $2 million in federal aid has been approved for homeowners, businesses and others affected by southern Indiana tornadoes and ... Insurance to Cost $10K per Bus Annually for Private Detroit Bus Line A young entrepreneur from the suburbs is planning to start a private bus line in downtown Detroit, Mich. The Detroit News reports Andy ... More Midwest News Southeast Mississippi Residents Still Recovering from 2011 Floods As New Season Approaches The levees in Tunica, Mississippi, held. But that doesn't mean the record Mississippi River flood of 2011 didn't leave destruction in its ... Mississippi Workers’ Compensation Bill Goes Back to Senate The Mississippi House last Thursday advanced a bill to make changes that manufacturers and business groups are seeking in the workers' ... Judge Orders 3 Tennessee Attorneys to Repay Insurance Monies A judge in Nashville has found three Memphis attorneys in contempt of court and ordered them to repay nearly $670,000 to people who thought ... More Southeast News South Central Lawmakers Say Oklahoma Insurance Options Could Increase Under Proposal Oklahomans could have the opportunity to purchase insurance from companies across the nation under legislation approved by a state House of ... Louisiana Ex-Cop, Sheriff’s Deputy Charged in Insurance Scam Two law enforcement officers from the New Orleans, La., area have been charged with plotting to make a fraudulent insurance claim. A court ... Oklahoma Agent Sentenced for Fraud in McCurtain County Oklahoma Insurance Commissioner John D. Doak and McCurtain County District Attorney Mark Matloff announced the conviction and subsequent ... More South Central News West Mayer Brown Adds Woods As Partner And Global Co-Leader Global law firm Mayer Brown named veteran insurance regulatory advisor James R. Woods as a partner and a co-leader of the global Insurance ... Utah Medical Records Breach More Extensive Health officials in Utah say hackers who downloaded thousands of medical files from state computers last week stole far more personal ... Three Regional Insurance Executives Join The Buckner Co. The Buckner Co. named Ryan Loftin, Jeremy Stucki and Micah Zabriskie to the Salt Lake City, Utah-based firm's executive ranks. Loftin ... EK Health Names Benner Chief Medical Officer San Jose, Calif.-based EK Health Services, a national workers' compensation managed care firm, has promoted Dr. Douglas Benner to chief ... Montana Jury Awards Damages In Landslide Lawsuit A Gallatin County jury has awarded over $1 million in damages to two couples who unknowingly purchased property on an active landslide at a ... Colorado Driving Instructor Gets Six Months For Phony Tests A man accused of falsifying the driver's licenses of at least 1,500 people who took tests at the American Driving Academy in Arvada has ... Oregon Judge Dismisses Climate Change Lawsuit A Lane County Circuit Court judge has dismissed a lawsuit brought by two Eugene, Ore. girls and their mothers that accused Gov. John ... More West News International Cruise Ship to Retrace Voyage of the Titanic Nearly 100 years after the Titanic went down, a cruise with the same number of passengers aboard set sail on Sunday to retrace the ship's ... Validus Sets up PaCRe Sidecar; Capitalized at $500 Million Bermuda-based Validus Holdings, Ltd. announced the capitalization of PaCRe, Ltd., a new Class 4 reinsurer. "PaCRe has been formed to ... More International News Join the Insurance Journal Network Insurance Journal TV Financial Institutions Underwriting: Is It Safe to Come Out Yet? The professional liability insurance industry has been through the wringer last few years.... Watch Now What D&O Buyers Look For In a Carrier What do insureds look for when shopping for a carrier to provide director and officers... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Acord forms mapping to Acord Certificates Posted: Mon Apr 9 -- Hello- can you please provide some additional information? i reviewed the 125 against the 22 and did not see eLabels that were shared or are... mgoodwin looking for feedback/advice please.... Posted: Mon Apr 9 -- We (agents) are what you say we will be. I'll admit...I'm a dreamer...but I'm going to continue to dream & hope to bring new anxious... dm307799 New Venture - Non-Emergency transporation Posted: Fri Apr 6 -- Be cautious of the "Loading & Unloading" part of this exposure. That's where the real loss exposure is.....and one that you want to make... keithgehring 1 or 2 Dwellings? - CA Posted: Fri Apr 6 -- I like your disengagement line "good luck, keep in touch" SkiingBroker Why I believe in insurance agents Posted: Fri Apr 6 -- Is a cartoon gecko or a comedian in a white dress and bright red lipstick really the best our industry can do for spokespeople? Does it... Michael Jans One stop shop MGA Posted: Fri Apr 6 -- i'm on the other side of the universe in alabama. thanks mattnewtonberger Pennsylvania Manufactures Association-PMA, WC Posted: Thu Apr 5 -- Long time reader,first time poster- I was unable to compete with PMA's WC in CA for a concrete contractor not that large around 25-30k of... SkiingBroker workcomp ca metal mfg 3066 code Posted: Thu Apr 5 -- I have a few PEO markets that will take a look at this account. Please let me know if I can help. Thanks for your time and consideration. Chad Filley Lab techs in Ca for Comp Posted: Thu Apr 5 -- I have a couple PEO markets that will take a look at this risk even with the loss ratio. Please let me know if I can help. Thanks for your... Chad Filley Go to Forums Reader Comments Santa Fe Sues Aeropostale For Not Paying Living Wage Posted: Tue Apr 3 -- Aeropostale should close the store and then no one will be forced to work there any longer. Darren Broker Admits Funneling Over $1M in Bribes to N.J. School Official Posted: Wed Apr 4 -- Just think how much the premium had to be for this school district in order for this to happen. Most school districts put their insurance... Agent Federal Healthcare Law to Aid Black Lung Victims Posted: Thu Apr 5 -- Sarah, If Obama gets his way, the coal plants will be shut down and the mines will close so the miners won't have to worry about getting... Agent FDA Denies Ban on Chemical BPA Used in Baby Bottles, Food Packaging Posted: Mon Apr 2 -- Why do people always jump to the conclusion that just because something causes cancer or mutates their children that it's a bad thing? Anejo Top Reasons Happy Couples File Wedding Insurance Claims Posted: Fri Apr 6 -- Does anyone posting speak clear English? Just curious... 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