Daily Headlines: Monday, July 23, 2012

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July 23, 2012 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Crop Insurers Can Handle Midwest Drought Losses: Fitch Analysts at Fitch Ratings say they believe the leading writers of crop insurance will be able to absorb any near-term crop losses from the ... Traffic Deaths Spike 13.5% in First Quarter Traffic deaths soared 13.5 percent in the first quarter of the year compared to the same period last year, and the number of deaths per ... Nasdaq Boosts Payments to Firms Over Facebook IPO to $62 Million Nasdaq OMX Group Inc. plans to pay out $62 million in cash to firms that lost money in Facebook Inc.'s bungled initial public offering in ... Mining Deaths Down in First Half of 2012 Nineteen mining deaths occurred during the first six months of the year, the second-lowest midyear toll ever recorded, federal regulators ... Sprint Offers Usage-Based, Driver Tracking Service for Insurance Industry Communications firm Sprint has begun selling driver tracking services to auto insurers. Sprint said its integrated, end-to-end usage-based ... New Program Provides Extra Flooding Services for High-Value Homeowners Powered by InsuranceJournal.tv A new flood coverage suite from Privilege Underwriters Reciprocal Exchange, or PURE, now offers another... More National News East State Farm: Sandusky’s Homeowners Policy Doesn’t Cover His Legal Bills State Farm has filed a lawsuit in Pennsylvania last Thursday, asking a judge to declare that the insurer's homeowners' policy for former ... Maine-Based Insurance Firm Buys Naming Rights to New Bangor Arena The City of Bangor, Maine, announced last Friday that its new 8,000-seat multi-purpose sports and entertainment venue currently under ... N.J. Officer Settles Suit Over Hair Put in Sandwich A southern New Jersey police officer will get nearly $14,000 to settle a civil lawsuit he filed against a short-order cook who placed his ... FEMA Backing Away From Vt. Funding Assurance A top state official stunned lawmakers last Friday with the announcement that the Federal Emergency Management Agency apparently was ... More East News Midwest Some Parts of Midwest Expecting Rain This Week Rain will fall early this week in the northern U.S. Midwest, with from 1 to 2 inches expected across a broad parched swath of corn and ... Spirit AeroSystems’s Insurance Claim From Tornado Is Around $400M Spirit AeroSystems in Wichita, Kan., estimates its insurance claim from an April tornado will be about $400 million. The company said that ... State Auto Financial: Impact of Q2 Storm Activity May Reach $36M Columbus, Ohio-based State Auto Financial Corp. announced it estimates the company's second quarter 2012 results will include between $33 ... United Benefit Advisors Names Mangan CEO United Benefit Advisors (UBA), based in Indianapolis, Ind., announced it has appointed Thomas Mangan as chief executive officer. Mangan is ... Fire Burns Tens of Thousands of Acres in Nebraska A wildfire that has scorched tens of thousands of acres and damaged homes in north-central Nebraska continued to burn on Saturday, July 21. ... Health Insurance Rebates in Ohio to Total $11.3 Million More than 81,000 Ohio families will be getting health insurance rebates this summer that will total $11.3 million across the state, a ... More Midwest News Southeast Directors Cite Insurance Questions in Ouster of North Carolina’s Duke Energy CEO A long-time Duke Energy Corp. director who led the surprise CEO ouster at the country's largest electric company said Friday that reasons ... Former Sen. Frist Backs State Health Insurance Exchanges Former Senate Majority Leader and heart surgeon Bill Frist is calling on states to get going on their health insurance exchanges. The ... More Southeast News South Central Officials: June to June, Louisiana Private Sector Adds 50K Jobs Louisiana's private sector added 50,400 jobs from June 2011 to June 2012, the highest over-the-year growth in 22 consecutive months of ... Pennsylvania Firm Fined $117K for Safety Violations at Houston Plant The U.S. Department of Labor's Occupational Safety and Health Administration has cited King of Prussia, Pa.-based Arkema Inc. with 12 ... Ex-School Nurse in Texas Gets 10 Years for Fire An ex-school nurse in Central Texas upset about a poor evaluation has been sentenced to 10 years in prison for setting a campus building on ... More South Central News West Movie Studio Liability in Colorado Shooting Likely Limited Families of victims and survivors of the deadly shooting at the Batman movie who seek to sue Warner Bros. and other companies behind "The ... $31M Jury Award For Unsafe Calif. Highway Jurors say California's transportation agency is partly responsible for a dangerous stretch of highway dubbed "Blood Alley'' and a severely ... Feds To Take Over Hawaii Job-Safety Regulation The federal government will temporarily take control of parts of Hawaii's authority to regulate workplace safety. In response to federal ... Hawaii Company Ordered To Pay $193K In Ageism Suit A Hawaii company that provides home health care for seniors has been ordered to pay more than $193,000 to a woman fired for her age. The ... Washington Jury Awards $500K In Injury Lawsuit A 63-year-old Longview, Wash., man who acted as his own lawyer has won a $500,000 award in a personal injury lawsuit involving a 2008 ... Boynton Named SVP Of AH&T Insurance Brandon Boynton was named senior vice president of AH&T Insurance in the firm's Seattle, Wash. office. Boynton will bolster ... Bolton Acquires Reaume Pasadena, Calif.-based Bolton & Company has joined forces with Reaume Financial Group, an independent insurance agency providing ... More West News International Flood Risks Rampant across Asia’s Factory Zones; Insurers Concerned Global insurance companies are struggling to get a grip on their flood exposure in Asia nearly a year after one of the world's costliest ... China Rains, Floods Cause Many Deaths; Beijing Hit Hard The heaviest rain to hit Beijing in six decades killed at least 10 people [latest reports put the death toll at 37] and left cars and buses ... Willis ILS Report: Catastrophe Reinsurance Market Nearing Strategic Shift A report from Willis Capital Markets & Advisory (WCMA), a unit of Willis Group Holdings, concludes that the "catastrophe reinsurance ... Willis Creates New Units for Asia, Australasia, Middle East & Africa Operations Willis International, the broker's' retail division, announced that in "recognition of the size, growth and strategic importance of its ... Super Rich Hold up to $32 Trillion in Offshore Havens Rich individuals and their families have as much as $32 trillion of hidden financial assets in offshore tax havens, representing up to $280 ... UIB Restructures Property Team to Promote Growth London-based international reinsurance broker UIB has overhauled its property team with a view to doubling the division's revenues. UIB ... More International News Join the Insurance Journal Network Insurance Journal TV Agency Capitalizes on Obamacare Shawn Pynes, principal with Barney & Barney, discusses the benefits business following... Watch Now LexisNexis Insurance Exchange Celebrates One-Year Anniversary The LexisNexis Insurance Exchange – an online single-entry submission system that... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Reservation of Rights HELP Posted: Mon Jul 23 -- One of our Insured's is involved with a law suit that started back in 2009. To the point - the insurance company is saying that hey will not... Eagleeye Insurance Noodle vs. Superior Access vs. Agent Secure Posted: Mon Jul 23 -- There is another great alternative out there but you have to qualify. What state are you in? And what is your experience level. JAM Agent no legal duty to inform on cancellations? Posted: Sun Jul 22 -- Don't call and make yourself responsible, it's that simple. rodgwag Personal Lines - Renewal Letters? E&O Prevention Posted: Sun Jul 22 -- In a recent court case in California a judge decided that agents are not responsible for reminding clients to make monthly payments, renew,... rodgwag Insurance aggregators/Groups for personal lines Posted: Fri Jul 20 -- There are many options available and each are uniquely different. Whether there is a monthly fee, a broker fee, reduced commissions,... amckirahan carriers for multistate trucking/warehousing work comp Posted: Fri Jul 20 -- There are a couple different PEO options available to cover this type of risk with varying levels of deductibles. Could also help with the... Chad Filley work comp carriers for nursing home Posted: Fri Jul 20 -- I deal with several PEO's that will offer comp for this type of risk and can offer various levels of deductibles as well. Give me a call to... Chad Filley Commercial Auto Coverage for Golf Carts Florida Posted: Thu Jul 19 -- I know Colony Specialty writes this business through MGAs in Florida. If you find a retailer who works with a MGA that writes with Colony... jimc0419 AMS360 for accounting? Posted: Thu Jul 19 -- Just to be sure: is this the "AB Income" amount given by the Income and Expense Report? Also, how do we determine which of these... insstudent Go to Forums Reader Comments Casino Waitresses in Pennsylvania Sue Over Maternity Policy Posted: Tue Jul 17 -- Was this policy in force when the waitresses accepted their positions? If so, then too bad for them. The casino still tried to keep them... Reverend Haywood Judumee GM's OnStar Car Owners Now Able to Rent Out Their Vehicles Posted: Tue Jul 17 -- Well you just voided the personal auto polciy coverage. Nice job GM. bill ford Arkansas Rice Farmers Sue Texas Company Over Hybrid Rice Posted: Wed Jul 18 -- "Many farmers sought hybrid seed after non-hybrid rice was contaminated with a genetically-modified strain starting in 2006. The... ExciteBiker Florida Citizens' Chief Sets 500K Policy Depopulation Target Posted: Thu Jul 19 -- I'll help. There would be plenty for the both of us. Mr. Solvent CEO Group Warns Washington to Avoid Impending 'Fiscal Cliff' Politics Posted: Fri Jul 20 -- I agree Sargent. A good example of incompetence is one I am familiar with. One of my customers owns a Commercial Office property. An... Agent Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue July 23, 2012 Excess, Surplus & Specialty Markets Directory Vol. II More Newsletters Choose Newsletters Daily Headlines Weekly Reader Picks Magazine Update Insurance Journal TV Classifieds Breaking News MyNewMarkets Daily Claims Daily Enter Your E-mail Market Directories Excess & Surplus Markets Programs Workers' Comp Markets New Insurance Jobs Commercial Producers Territory Marketing Manager P/C Insurance Editor Producer Have a job opening? List it on our Web site. How to Advertise For information about advertising on this newsletter and Insurance Journal magazines, contact Julie Tinney at (800) 897-9965 x148. View our Media Kit for advertising options in our magazines and online properties. 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