Monday, July 2, 2012

Daily Headlines: Monday, July 2, 2012

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Insurance Journal Daily Headlines
July 2, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

More Gen Y’ers Passing on Driving

To Shoshana Gurian-Sherman, driving seemed like a huge hassle. "Part of it was laziness," the 23-year-old Minneapolis resident recalled. "I ...

Republican Leaders Vow Healthcare Law Repeal

The two top Republicans in Congress vowed on Sunday to push ahead with efforts to repeal President Barack Obama's healthcare law despite ...

Apple Pays $60 Million to Settle China iPad Trademark Dispute

Apple Inc. has paid $60 million to Proview Technology (Shenzhen) to end a dispute over the iPad trademark in China that saw the world's ...

RLI, Chubb Among Top P/C Performers: SNL

RLI Corp. tops the list of property/casualty commercial lines carriers ranked by financial performance for the 12 months ending March 31, ...

Confie Seguros Adds 3 Agencies; Names Maxwell to M&A Post

Confie Seguros, a national provider of personal lines insurance focused on the needs of Hispanic consumers, continued its national ...

Ratings Recap: Conifer/White Pine, Millers First

A.M. Best Co. has affirmed the financial strength rating (FSR) of 'B++' (Good) and downgraded the issuer credit rating to "bbb" from ...

Congress Agrees on Multi-Year Flood Insurance Extension, Reforms

The U.S. House of Representatives passed a massive bill on Friday combining funding for transportation programs, low-interest student ...

Agents, Insurers Cheer Congress OK of Flood Insurance Reform Bill

The Independent Insurance Agents & Brokers of America today praised Congress for passing the "Biggert-Waters Flood Insurance Reform ...

From MyNewMarkets.com The Business of Insuring Correctional Facilities

Montana State Prison inmate files suit for $2.2 million in federal court after he injures a toe when his foot got caught in a grain auger at...
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East

Virginia, Maryland Hit By Vicious Storms; Power Outages May Last Days

It could be several more days before electricity is restored to areas hit by vicious storms that killed at least 13 people and left 3 ...

Md. Regulator Offers Claims Tips, Says Hiring Public Adjuster May Help

Following this past weekend's storms, Maryland Insurance Commissioner Therese Goldsmith is advising homeowners to take steps to protect ...

Virginia Begins Enforcing Proper Usage of Certificate of Insurance

Widespread misunderstanding regarding the proper use of certificates of insurance has led to new changes relating to their use, according ...

Vermont Governor Hails Healthcare Ruling, Pushes Bigger Plan

Vermont's push for universal, publicly funded, single-payer health care is going ahead no matter what, Gov. Peter Shumlin said, but he ...

Marsh & McLenna Announces Promotion in Oliver Wyman Division in N.Y.

Marsh & McLennan Companies Inc., has promoted Paula McGlarry to general counsel of Oliver Wyman Group, the company's management consulting ...
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Midwest

Federal Emergency Declared in Ohio after Weekend Storms

Severe storms struck Ohio over the weekend with powerful, damaging winds that one utility compared to the remnants of Hurricane Ike in ...

Kansas Governor, Insurance Chief at Odds on Health Care

Kansas Gov. Sam Brownback said he wants to wait until after the presidential election to comply with a key provision of the federal health ...

Flood-Prone Ohio City Scouting Land for Solution

Federal officials who've been surveying land to find a place to divert water during flooding in this northwest Ohio city have run into a ...
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Southeast

North Carolina Gov. Perdue Signs Workers’ Comp Scofflaw Bill

North Carolina Gov. Bev Perdue has signed  a bill designed to crack down on employers without workers' compensation coverage despite ...

Florida’s Anti-Fraud Auto Insurance Law Now in Effect

A trio of constitutionally questionable measures and legislation designed to crack down on no-fault auto insurance fraud are among about ...

Florida Won’t Implement Medicaid Expansion, Health Exchange

Florida Gov. Rick Scott said his state will opt out of implementing optional portions of the Affordable Care Act that deal with expanding ...
South Central

Louisiana Citizens Board Agrees to Retroactive 10% Rate Cut

The board governing Louisiana's property insurer of last resort has agreed to drop rates by 10 percent across a dozen south Louisiana ...

Former Insurance Adviser for Jefferson Parish, Louisiana, Faces Ethics Charges

A consultant who worked as a health insurance adviser for Jefferson Parish is facing ethics charges in connection with his wife's work. The ...

Phillips Elected to Texas Mutual Board of Directors

Danny Phillips, a Colleyville, Texas, resident and owner of the Diamond P Longhorn Ranch in Lindale, was elected to the board of directors ...
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West

ACES Names Meeker Director Of Product Development

San Diego, Calif.-based managing general agent ACES Commercial Insurance Services Inc. named Ken Meeker director of product development. ...

Ex-Ariz. Lawmaker Files $10M Claim Against Phoenix

A former state senator who resigned in January over a domestic violence incident involving his ex-girlfriend has filed a $10 million ...

After Court Rules, Idaho Has Dilemma Over Exchange

Incensed over "Obamacare," Idaho lawmakers last session snubbed $20 million from the federal government earmarked for an insurance ...

Consumer Watchdog Failure Could Help Auto Discount Initiative

Santa Monica, Calif.-based Consumer Watchdog's proposed ballot measure to require health insurance companies to get approval before ...

Brewer Names Acting Director for Arizona Department of Insurance

Arizona Gov. Jan Brewer has named Germaine Marks the Acting Director of the Arizona Department of Insurance. Marks is being appointed to ...
International

Scientists Conclude Rise in Sea Level Cannot Be Stopped

Rising sea levels cannot be stopped over the next several hundred years, even if deep emissions cuts lower global average temperatures, but ...

Apple Pays $60 Million to Settle China iPad Trademark Dispute

Apple Inc. has paid $60 million to Proview Technology (Shenzhen) to end a dispute over the iPad trademark in China that saw the world's ...

MDS Group Launches HighDome, a Self Insurance Protected Cell Company

 European and Latin American  insurance and reinsurance brokerage and risk consulting provider, MDS Group, announced the launch of ...

RSA Inks Agreement w/ The Co-operative Insurance for Auto Claims

The UK's RSA and The Co-operative Insurance have announced a bilateral agreement to settle outstanding motor recoveries. RSA said it is ...

Ratings Roundup: Delvag, Ocaso

A.M. Best Europe – Rating Services Limited has upgraded the financial strength rating to 'A'(Excellent) from 'A-' (Excellent) and the ...
Sponsored Content

Andrew Petersen Named Executive Vice President of Business Development for Atlas General Insurance Services

San Diego, CA, 7/2/2012 – Andrew Petersen has been named Executive Vice President of Business Development for Atlas General Insurance ...
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Insurance Journal Blogs

Dred Scott? Really, Fellow Conservatives? Really?

More than a few of my friends on the political Right have taken to comparing the Supreme Court's decision on the individual health ...

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Insurance Journal TV

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Health/Benefits Sector Offers Potential Growth for P/C Agents

Despite the uncertainty over the changes occurring in healthcare delivery and insurance...
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M&As Often Come with D&O Exposures

Companies must do their due diligence when acquiring foreign entities or they could end...

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New Discussions in the Forums

Do you use online leads services?
Posted: Sat Jun 30 -- Rodwadg...Really? Look, if you can't Google and find at least 12, I am NOT helping you... Baiting? I'm old enough not to fall for a grade... OldIndyAgent
Signing up for an insurance directory
Posted: Sat Jun 30 -- Hello, I am a domainer. Unless you have your name branded well. At least page one position one two or three. I believe there would be... sirkarl101
Insurance Agency Loans
Posted: Sat Jun 30 -- I own a newer agency going on our first year in business. We are doing great providing Florida home and auto ins ect. However, I am so busy... Legacyins
Can an employer fire an employee because their pre-convicted
Posted: Thu Jun 28 -- I am no attorney, but I would suggest that depending on what the employee was arrested for, could give the employer cause? For instance, was... LadyBroker
When is it time to let your staff go?
Posted: Wed Jun 27 -- Isn't this one of the hardest questions? (Well, not always, sometimes they make it really easy on you to answer!) I think it's a whole... johnsharp
IA start up with a twist
Posted: Wed Jun 27 -- I think what he meant is that most IA's start out the same way you are proposing....there is nothing particularly new about 2 guys sharing... LadyBroker
National Agents Alliance? Legit or Keep Away?
Posted: Tue Jun 26 -- Hi, I was with NAA for about 2 years. I did learn a lot about sales but at a cost. I never did make any real money and I did consistently... cecnjohn

Reader Comments

Reactions to Healthcare Ruling Coming In; What's Yours?
Posted: Thu Jun 28 -- We are now a socialist country, no longer a democracy. Our founding fathers are rolling in their graves!!!!!!! csp
Supreme Court Upholds Healthcare Law; Read Copy of Opinion
Posted: Thu Jun 28 -- So using your logic the whole concept of self insurance is out? I fully agree that having a means by which to support the economic... Bob
Republican Senator's Abortion Amendment Holding Up Flood Insurance Bill: Reid
Posted: Wed Jun 27 -- Sarah, I'm a woman who is paying attention. So don't BS me with killing unborn children stuff. The birth control debate, Virginia's... Sally Anne Fannymaker
Judge: Ohio Dog Accused of Biting Not 'Dangerous'
Posted: Wed Jun 27 -- At least she followed through all the way to the end....and won! This is bichon....
NTSB: Why Didn't Train Wait Before Oklahoma Crash?
Posted: Wed Jun 27 -- "...no cellphones were found in the wreckage." Goodness, if they can't find the remains of the poor crews after the diesel-fueled fireball,... reality bites

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July 2, 2012
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