Daily Headlines: Monday, July 9, 2012

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July 9, 2012 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National President Obama Signs Flood Insurance Reform Bill President Barack Obama has signed the "Biggert-Waters Flood Insurance Reform and Modernization Act of 2012" into law. The law extends ... Derivative Reform to Be Finalized This Week The U.S. swaps regulator is set to finalize this week a critical reform that will trigger banks and traders having to comply with costly ... AIG Files Lawsuit Against IRS Seeking $30.2M in Tax Interest American International Group, the insurance giant saved by a massive federal bailout, wants some tax money back -- from 1991. AIG is suing ... PCS Sees Busy Cat Bond Market in 2012 Thus Far With two quarters completed in 2012, the catastrophe bond market remains robust. Insurers and reinsurers issued approximately $3.6 billion ... Facebook, Yahoo Settle Patent Claims Facebook Inc. and Yahoo Inc. agreed to forge a broad Internet advertising and licensing partnership on Friday, laying to rest their dueling ... WellPoint to Buy Amerigroup for $4.46 Billion Health insurer WellPoint Inc. will buy rival Amerigroup Corp. for about $4.46 billion to create a company that will serve 4.5 million ... Important Changes Coming Soon to MyNewMarkets.com MyNewMarkets.com is proud to announce enhancements to its search function that make it easier for agents to find the markets they are... More National News East Vermont Flood Insurance Customers Could See Rate Hikes of Up to 20% Some of Vermont's estimated 3,700 flood insurance customers could see their premiums increase by up to 20 percent. Since Hurricane Katrina ... Emerson College in Boston to Pay $250K for Alleged Asbestos Violations Emerson College and Suffolk Construction Company Inc. in Massachusetts will each pay $250,000 in civil penalties to resolve alleged ... Be on Lookout for Mold Damage After Storms, Maryland Regulator Advises Damages from recent strong storms in the mid-Atlantic states could lead to even more damage down the road, with moisture and heat ... Maine Gov. LePage Attacks Supreme Court’s Healthcare Ruling Maine Gov. Paul LePage is using his weekly radio address to attack the Supreme Court's decision that upheld the president's health care ... Homeowners’ Complaints About Bears Soaring Across Maine‎ Maine wildlife officials say the number of complaints about bears has more than doubled so far this year. Officials say between Jan. 1 and ... More East News Midwest Midwest Heat Wave Eases But Drought Threatens Corn Crop The withering U.S. corn crop is gaining some respite from a record heat wave this week but new weather forecasts offered scant signs of the ... Corn Belt Fears Large Crop Loss from Heat Wave, Drought Conditions Fears are rising that grain crops in the core of the U.S. Corn Belt - the top corn-producing region in the world - will suffer big losses ... Bastian Joins Lockton's Chicago Office Scott Bastian has joined Lockton as a vice president and producer based in the insurance broker's Chicago office. He will be responsible ... Michigan Enacts Changes to Insurance Scoring Law Michigan Gov. Rick Snyder has signed a series of bills that will help insurance consumers by providing additional protections regarding the ... More Midwest News Southeast New License Rules Test Georgia Drivers’ Patience A new requirement for those seeking to get or renew a Georgia driver's license caused long lines and frustration in its first week of ... Florida Governor to Visit Lloyd’s of London Florida Gov. Rick Scott is jetting off for foreign soil again — this time to the United Kingdom. Scott and his entourage left Saturday on ... More Southeast News South Central Oklahoma Leaders Still Mulling Federal Health Care Law More than a week after the U.S. Supreme Court upheld the sweeping federal health care law, Oklahoma's political leaders have offered few ... AMR Sues Retired Workers Over Health Benefits Dallas-based American Airlines and its parent company are suing to stop providing health care and life insurance benefits to current ... Builder Agent Network Adds Hankins as Program Underwriter Texas-based Builder Agent Network LLC announced that Debbie Hankins has joined the company as a program underwriter. Hankins will ... More South Central News West 33 Ariz Drivers Arrested For Extreme DUI On July 4 A statewide task force targeting drunken drivers on the July 4th holiday led to more than 100 arrests. The Arizona Governor's Office of ... NRC: Company To Take Steps After Wyoming Yellowcake Mishap The U.S. Nuclear Regulatory Commission says a Canadian company has agreed to take steps to improve safety after three workers were exposed ... Settlement Reached In Trendy Waikiki Hotel Battle There's a settlement in a bitter battle over a Waikiki hotel that had resulted in a takeover and a federal lawsuit. The Honolulu ... Idaho Man Wins $888K In Discrimination Lawsuit A federal jury has awarded nearly $888,000 in damages to a man who said his Idaho employer discriminated against him because he is ... Taking Account of Colorado’s Wildfires As adjusters and homeowners have increasing access to fire damaged areas at the Waldo Canyon Fire in Colorado just how large a figure will ... Island Insurance Names Sato Assistant VP, Underwriting Services Island Insurance Company Ltd. named Cizette Sato assistant vice president of its underwriting services division. Sato will continue to ... More West News International Death Toll Mounts from Floods in Southern Russia The death toll from severe flooding in the Black Sea region of southern Russia has risen to at least 150 [later reports put the number of ... Guy Carpenter Report Focuses on Asia-Pacific 2011 ‘Climate Issues’ The Guy Carpenter Asia-Pacific Climate Impact Centre (GCACIC), a joint initiative of Guy Carpenter and City University of Hong Kong, has ... Catalina Holdings Acquiring Two Insurance Operations from HSBC Catalina Holdings (Bermuda) Ltd. announced that it has signed a definitive agreement to acquire two legacy businesses, HSBC Reinsurance ... Montpelier Re Names Dr. Gero Michel Head of Risk Analytics Montpelier Reinsurance Ltd., the Bermuda reinsurance subsidiary of Montpelier Re Holdings, announced the appointment of Dr. Gero Michel as ... More International News Join the Insurance Journal Network Insurance Journal TV LexisNexis Insurance Exchange Celebrates One-Year Anniversary The LexisNexis Insurance Exchange – an online single-entry submission system that... Watch Now Health/Benefits Sector Offers Potential Growth for P/C Agents Despite the uncertainty over the changes occurring in healthcare delivery and insurance... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums RV Rental for Dealership Posted: Mon Jul 9 -- Maybe progressive will do it. karenmorris Chicago IL area insurance agencies who sell TRAVEL Insurance Posted: Mon Jul 9 -- How much does it cost? Is it per trip or per year? karenmorris National Agents Alliance? Legit or Keep Away? Posted: Sat Jul 7 -- Hi guys, Is it possible to switch downlines with NAA? I was hired by someone in another city, but their team is disorganized, and it is... Cassie AMS360 for accounting? Posted: Fri Jul 6 -- Why would you not want to use it? Integrates: Client receivables - one place to see who owes what Company/Carrier payables - one place to... pita3333 Agent no legal duty to inform on cancellations? Posted: Fri Jul 6 -- Never start a bad habit, it will come back with a vengence. Imagine if you did contact a client with a million dollar life insurance policy... agentagent WC Market for class code 9051 Home Health Care Aid Posted: Fri Jul 6 -- Try Companion and Williamsburg National-Star. they do home health and registry type stuff. shari Can an employer fire an employee because their pre-convicted Posted: Fri Jul 6 -- This can also be happen if the false information were given on the employment contract regarding the previous records and employer finds out... jazz90 Residential Apartment Building with Fuses - CA Posted: Wed Jul 4 -- Jason, The only markets that will write property with fuses will charge upwards of $2.00+ rate. There are other UW factors involved as well.... Adame526 Go to Forums Reader Comments Why Chief Justice Roberts Saved Obama's Healthcare Law Posted: Tue Jul 3 -- Googlegal, The Progressive Left in this country has been working on making this country an entitlement society for several decades now.... First Agent Feared El Nino Weather Could Strike in Third Quarter: Climate Forecasters Posted: Fri Jul 6 -- And the oceans could rise, the Polar Bears could be extinct in 5 years, the spotted owl and smelt fish in California may go bye bye and... Agents More Gen Y'ers Passing on Driving Posted: Tue Jul 3 -- Yeah, real lazy Jack. I guess none of those Xer's and Yer's have been in Afghanistan or Iraq for the past 11 years. Barb Thomas Iowa to Pay $3.75M for Boy's Injuries Posted: Fri Jul 6 -- Settlement without a costly trial (in terms of both money and emotions) is to be applauded. Ruminator Indiana Woman Accused of Bilking Pet Insurance Firm Posted: Thu Jul 5 -- No..... no one will rush to judgement.... sounds all very innocent to me. hmmmmmmm Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue July 2, 2012 Agency Management Systems / Insurance Exchanges; Commercial Auto; Digital Product Guide 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 Homeowners Claims Manager New Business Underwriter - Home Office Assistant Vice President - GAAP / SEC Reporting Underwriter, Employment Practices Liability or Errors & Omissions Have a job opening? List it on our Web site. 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