Daily Headlines: Monday, May 7, 2012

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May 7, 2012 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Job Disability Rolls Rise During Recession Monica Soltes was excited 10 years ago to leave Merrill Lynch and start her own business as an independent financial planner in San Diego. ... Treasury to Sell More AIG Shares for $5 Billion The U.S. Treasury has agreed to cut its ownership stake in American International Group Inc. to 63 percent by selling 163.9 million shares ... Berkshire Hathaway Doubles Profit on Lower Catastrophe Losses Berkshire Hathaway said it generated $3.245 billion in net income overall, up from last year's net income of $1.511 billion last year in ... Buffett Plays Down Health Issue, Responds to Analysts Warren Buffett tried to allay fears of Berkshire Hathaway Inc shareholders about the company's future after he was diagnosed with prostate ... CRC, Crump, R-T Specialty Reach Confidential Settlement Agreement On May 4, 2012, CRC Insurance Services Inc., Crump Insurance Services Inc., and R-T Specialty LLC jointly announced that the three parties ... ACE Adds Preferred Securities Panel Option to D&O Policies ACE USA, the U.S.-based retail operating division of the ACE Group, has enhanced its directors & officers liability policy with a ... Current Market Not Yet a 'Classic' Hard Market: P/C Executives The current property/casualty market is not a "classic" hard market, yet anyway. While prices are clearly rising in certain lines including... More National News East Probe Finds N.Y. Paid Prison Inmates Improper Workers’ Comp Benefits An investigation from the New York State comptroller's office found that the State Insurance Fund improperly paid seven inmates more than ... N.J. Judge to Decide If Text Sender Liable for Car Crash A New Jersey judge will likely soon decide whether a woman who sent a text message to a male friend can be held liable for a car crash he ... Connecticut City Faces Lawsuit in Fatal Christmas Day Fire The father of three girls killed in a Christmas morning fire in Connecticut is accusing the city of Stamford of allowing the house to ... Massachusetts to Host Hurricane Preparedness Conference Hundreds of emergency management and public safety officials from across Massachusetts are meeting this week for a hurricane preparedness ... Conn. Senate OKs Bill on Utilities’ Storm Response The state Senate on Saturday, May 5, approved a wide-ranging bill that attempts to address many of the problems that developed last year ... More East News Sponsored Podcast Learn more about Applied Systems® Epic In this podcast Applied Systems CEO Reid French talks about the future of insurance technology and Applied Systems® Epic, the fastest-growing agency management system in the insurance industry today. Listen now. Midwest Iowa Company Fined Over Handling Of Debris A Bettendorf company has been fined $35,000 for burning demolition debris and failing to properly dispose of asbestos. The Iowa Attorney ... Snyder proclaims Arson Awareness Week in Michigan It's Arson Awareness Week in Michigan. Gov. Rick Snyder says he wants to focus public attention on the seriousness of fire-setting by young ... AT&T to Pay Missouri Muslim Woman $5M in Harassment Case A former Kansas City woman who converted to Islam in 2005 said she was harassed for years at AT&T, and that the abuse boiled over in ... North Dakota Family Files Federal Suit Against Nursing Home The family of a man who resided in a Grand Forks nursing home until he died in January is suing the elder care facility in federal court. ... SIAA Signs 4,000th Member Agency The Strategic Insurance Agency Alliance has signed its 4,000th member agency — Bi-State Insurance & Financial of Camp Girardeau, Mo. ... Minnesota Agents Group to Administer Risk Management Program The National Alliance for Insurance Education & Research and the Minnesota Independent Insurance Agents & Brokers announced that ... More Midwest News Southeast Florida Revises Workers' Compensation Certificates, Excess Profits, Premium Audit Laws Florida's governor has signed workers' compensation legislation streamlining the workers' compensation certificate process, ... State Not Liable in Informant’s Death: Kentucky Court The Kentucky Court of Appeals has ruled that the state's Justice and Public Safety Cabinet and state police can't be held liable for the ... Neace Lukens Acquires Kentucky’s Morehead Insurance Louisville, Kentucky-based Neace Lukens, an AssuredPartners, Inc. company, has completed the acquisition of Morehead Insurance, a ... Kentucky Officials Building Ambu-Buses for Disaster Recovery Behold the ambu-bus. Authorities in Kentucky are making use of old school buses by turning them into ambulances. Each one can carry up to ... O'Keefe Named Managing Director for Wells Fargo Insurance in Carolinas Wells Fargo Insurance has named Suzanne O'Keefe senior vice president and managing director for its operations in the Carolinas. She will ... A.M. Best Opens Miami Office A.M. Best Co. has opened an office in Miami, Florida to serve the market for insurance ratings in the Latin American region. The Miami ... Florida Governor Signs Long-Awaited Auto Insurance Anti-Fraud Bill Florida's decade long attempt to reform the state's automobile no-fault insurance law has finally paid off. Gov. Rick Scott, flanked by ... More Southeast News South Central Jury Awards $24M to Woman Hit By Driver In Texas On Phone A Corpus Christi jury awarded $24 million to a woman who was hit by a Coca-Cola truck driver who was chatting on her cellphone. The jury ... Texas Investigates Beleaguered Dallas Hospital Texas regulators have launched an investigation into new allegations that a beleaguered public hospital in Dallas fired a social worker ... Texas Officials Warn of Moving Scams Texas officials say that illegal moving companies are operating statewide, putting consumers at risk for losing their belongings or paying ... More South Central News West Demolition For Arizona House Described As Biohazard Yuma city officials have ordered the demolition of a house they say was so overrun by bugs and human and animal waste that it is a ... Utah Counties Sue BLM Over Road Dispute State officials say 10 Utah counties have sued the federal government over title to thousands of miles of roads that cross public land in ... Hunt Is On For More Natural Gas in Idaho The new owners of natural gas wells in western Idaho say they plan to spend more and drill more to find more gas in Idaho. Snake River Oil ... More West News International West Africa Pirates Free Gasoline Tanker, But Steal Cargo West African pirates have freed a gasoline tanker they hijacked last week, after stealing some of the cargo, the ship owner said on Friday, ... Fitch Analyzes Uncertainty over Extension of UK Flood Insurance Plan The end in June of the UK government's agreement with the country's insurance industry, the Statement of Principles (SoP) agreement, which ... EU Countries ‘Dithering’ over Climate Change Fund EU nations are dithering over how to fill a multi-billion-euro fund to help tackle climate change, just as the region's executive body ... Swiss Re in New $400 Million Nat Cat Bond for Europe, U.S. Wind Risks Swiss Re Ltd. Announced that it has secured $400 million in natural catastrophe coverage through a newly-formed issuer Mythen Ltd., which ... Earnings Report: Lancashire Group Selected earnings highlights from, Lancashire Group, which include both its insurance and reinsurance operations, for the first quarter of ... Aon Benfield’s April Global Cat Reports near $1 Billion in Tornado Losses Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, has released its latest edition of its Global Catastrophe ... More International News Join the Insurance Journal Network Insurance Journal TV Annual Live Training Burn Educates Adjusters Pat Andler, a certified fire investigator and owner of Andler & Associates discusses the... 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 Residential Apartment Building with Fuses - CA Posted: Fri May 4 -- Does anyone have a market for a residential building with fuses. Please advise. Thanks! ... InsureTime Certificate of Insurance Tracking - Access or Excel Database Posted: Fri May 4 -- Not quite sure if you can get one for free. You need to buy a database software from a company if you want a reliable one. It usually needs... hans How do you ask for a referral? Posted: Fri May 4 -- I've actually found that clients are pretty willing to send their friends and colleagues to me, if they happen to know someone in need of... hans CA TOW Truck WC. Posted: Thu May 3 -- So Everest has pulled out of this class code and we are looking for other markets for Towing WC for smaller account of 10-20k per year. PEO... JAM New Venture - Non-Emergency transporation Posted: Thu May 3 -- If the van is owned and operated by the facility you can try Progressive. Titan might look at it as well. JAM Go to Forums Reader Comments What to Expect If Supreme Court Strikes Down Obamacare Posted: Thu May 3 -- Hey, I agree with you on Clinton. He's a cheating SOB. Nice role model for the Presidency, huh? The only good thing he did is leave office... Sarah-ahahaha Transportation Chief Calls for National Ban on Cell Phone Use While Driving Posted: Wed May 2 -- You know where it's safe to be on your phone (or even laptop) and in transit? Busses, subways, rail systems, and the backseat of a carpool.... Cat Dead Mexican Teen's Family To Pursue Suit in Texas Posted: Wed May 2 -- I'm sorry this kid got killed but throwing rocks at a cop was an invitation for violence and trouble. Rather than making his parents... Water Bug Detroit Schools to Pay $425K To Student's Family Posted: Thu May 3 -- "the matter has been resolved." Is that what the DA says, too? This is criminally negligent homicide, and should be treated as such. Ins Guy Victims of Cyberbullying Fighting Back in Libel Suits Posted: Thu May 3 -- Company guidelines where I work do not allow for cell phone usage and company computers will not allow for usage of any social media sites... 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