Daily Headlines: Friday, October 12, 2012

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October 12, 2012 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Nationwide to Settle Harleysville Policyholder Class Action for $26M Nationwide has agreed to settle litigation related to the merger with Harleysville Insurance. The $26 million settlement relates to In re ... Business Groups Sue SEC Over Dodd-Frank Anti-Bribery Rule Four business groups on Wednesday filed a lawsuit against the U.S. Securities and Exchange Commission's new rule requiring oil, mining and ... Aon Launches Risk Pooling Practice for Public, Private Sector Groups Aon Risk Solutions, the global risk management business of Aon plc, has formed the Aon Risk Solutions' Risk Pooling Practice, providing ... Hiscox Launches Solo Strike Liability Protection for US Healthcare Institutions To counter the growing threat of an attack by an individual on healthcare institutions, Hiscox has launched a dedicated solo strike ... OneBeacon Launches Non-Admitted Lawyers E&O Product OneBeacon Professional Insurance (OBPI), a member of OneBeacon Insurance Group, Ltd., has launched a new non-admitted lawyers' ... Wal-Mart to Pay for Heart, Spine Surgery for Employees Wal-Mart Stores Inc. is offering its U.S. employees and their families free heart and spine surgeries at six major health centers at no ... The Next New Thing: Coverage Issues from Fracking Claims Every few years it seems that there are predictions of a new type of claim that threatens to engulf carriers. In the 1980s and 1990s it was... More National News East Md. Woman Convicted of Disability Fraud, Faces Up to 5 Years in Jail Prosecutors say a woman who collected federal disability benefits while operating a fitness center has been convicted of making false ... Activists Plan to Sue Massachusetts Nuclear Plant Owner Massachusetts activists have announced plans to sue the owners of the Pilgrim Nuclear Power Station for what they say is the continuous ... ACE USA Appoints Executive Officer for Northeast Region ACE USA, the U.S.-based retail operations of the ACE Group, appointed Mitchell Schmidt as senior vice president and regional executive ... Guy Carpenter Names Senior VP in Maine Guy Carpenter & Company LLC, a global risk and reinsurance intermediary division of Marsh & McLennan Companies, appointed Peter Barr as ... More East News Midwest Ohio Women's Home Fighting Insurance Giant to Stay Put As Roger Federer and Novak Djokovic battled for the title at the Western & Southern Open north of Cincinnati, Ohio, a small plane buzzed ... Arthur J. Gallagher & Co. Acquires Unison Inc. Arthur J. Gallagher & Co. announced the acquisition of employee benefits insurance broker Unison Inc. in Minnetonka, Minn. Terms of the ... Drought Holds Steady in Midwest, Clouding Winter Crop Outlook The nation's worst drought in decades showed no signs of improvement last week in parts of the Midwest and Plains where the corn harvest is ... More Midwest News Southeast Florida's Citizens Puts Brakes on Surplus Note Program Florida's policyholder-back property insurer has opted to put the brakes on its plan to loan private insurers up to $350 million in surplus ... More PIP Rate Changes Coming in Florida Some of the largest providers of automobile insurance in Florida have filed for rate decreases in their personal injury protection rates of ... Court Urges Change in Florida Workers' Compensation Law An appellate court is urging the Florida Legislature to reconsider a state law that makes injured employees pay employers' legal costs if ... Jury Says Alabama Engine Maker Not Liable in Plane Crash An Alabama jury has decided that Mobile-based Continental Motors is not responsible for an airplane crash that killed a Louisville, Ky., ... West Virgnia Business Court HQ Opens in Martinsburg The West Virginia Supreme Court's first division to be located outside Charleston is open for business. The new business court division's ... More Southeast News South Central Survey: New Orleans Attracting More Tourists, Spending A new survey finds New Orleans hosted 4.9 million visitors in the first half of 2012, a 2 percent increase over the same period in 2011, ... FEMA Waives Repayment of Nearly $95M in Louisiana Storm Aid The Federal Emergency Management Agency has waived the repayment of nearly $95 million that the agency believes was improperly paid to ... Lack of Insurance, Staff Delays Lil Wayne's New Orleans Skate Park Opening Lack of insurance is among the reasons why the opening has been delayed for a New Orleans skate park launched by Lil Wayne and corporate ... More South Central News West San Francisco's Car-Sharing Taxi Services Flourish Despite Regulators Two San Francisco-based car-sharing services, including one founded by Zynga Inc. director Sunil Paul, are operating in defiance of ... Ore. County to ditch tsunami sirens; Resident Objects on Facebook When the big one hits the Oregon coast, people won't need sirens, say experts - they'll know by the intense trembling beneath their feet ... Fired Employee Sues School District In Oregon The former business services manager for the Central Point School District in Oregon has filed a $1.4 million lawsuit against the district, ... Calif. Plant Recalls Its Peanut Butter Ice Cream Clemmy's Ice Cream is voluntarily recalling all of its Peanut Butter Chocolate Chip because the peanut butter in it might contain ... Salmonella Outbreak Tied To Wash. Restaurant A salmonella outbreak has led health officials to temporarily close a Vancouver, Wash., restaurant. Dr. Alan Melnick, the Clark County ... More West News International EU Insurers Strip Coverage from Tankers Storing Iranian Oil: Reuters Two European insurers have withdrawn cover for tankers involved in the Iranian oil trade, the first such move since tough new sanctions ... Somali Pirates Free Greek Ship, Claim Ransom Was $5.7 Million Somali pirates have released the Greek-owned bulk carrier Free Goddess and its 21 Filipino crew members after holding the vessel for more ... Worker's Injury Sheds Light on China's Workers' Comp System, Apple Contractor Apple Inc.'s largest contract manufacturer has been pushing for a Chinese worker left brain-damaged in a factory accident to be removed ... Tropical Storm Patty in Bahamas Is Hurricane Season's 16th Named Storm Late on Thursday, October 11, the sixteenth named storm of the 2012 Atlantic hurricane season was declared - Tropical Storm Patty. As of ... AIG to Sponsor New Zealand Rugby American International Group Inc. (AIG) and the New Zealand Rugby Union (NZRU) have agreed to a a five-and-a-half year agreement for AIG to ... More International News Insurance Journal Blogs 1-to-1:Insurance Volunteerism Effort Puts People Together It takes just one person to make a difference for another person. While teams of dozens of employees at insurance firms are prepping for ... More Blogs Join the Insurance Journal Network Insurance Journal TV Louisiana's Donelon on Isaac, Citizens, Lawsuits and More Despite taking a direct hit from Hurricane Isaac in late August, Louisiana probably won't see... Watch Now Agriculture Business Prepared for This Year's Drought Record high temperatures in the Midwest have farmers facing the worst drought in over 20 year,... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Dave Ramsey Posted: Thu Oct 11 -- Dave Ramsey is great. I listen to him all the time. Very sound financial advice. The only thing that bugs me about him, and yes I do sell... m2insurance Primary Flood MO Posted: Wed Oct 10 -- Hi Bill! We have a market for flood insurnace in non-participating communities, and would be happy to help you get it quoted/issued. We have... bkor3 Non-profit with incidental international exposure Posted: Wed Oct 10 -- Philadelphia Insurance can place the international coverage through their in-house wholesaler, Valley Forge. Contact your local PHLY... phlybob National Agents Alliance? Legit or Keep Away? Posted: Wed Oct 10 -- This company is a bunch of scumbags and here is some good proof. Michael Bettencourt is one of NAA's best producers. Rising Star ... all... dont do it Thoughts on some books? Posted: Fri Oct 5 -- It has been several years ago since I purchased the Insurance Essentials material so I have not seen the current book. We used it primarily... ForumReader CPCU - Worth it right now? Posted: Fri Oct 5 -- Popeye, read the previous posts in this thread for an answer to your question. ForumReader Pizza W/ delivery WC in CA Posted: Thu Oct 4 -- I need to know what carriers write pizza Wc with more than 10% delivery exposure. Our current carrier wont write it as it is not a... JAM Will old CPCU books work for the new CPCU exams? Posted: Thu Oct 4 -- Actually, in my biology degree, most of the teachers allowed older edition books since the material was very similar. The only ones that... NCPCLHagent Go to Forums Reader Comments Florida Gov. Becomes Target Even Though He's Not on Ballot Posted: Wed Oct 10 -- I keep hearing how terrible this guy is and I live in Florida so I hear it all the time from the media heads around here. Yet I have not... LiveFree Southern California Educator Arrested For Workers' Comp Fraud Posted: Tue Oct 9 -- Prosecute to the fullest extent of the law .. we need to start making examples of these cheaters - show others that they won't be able to... dj Tennessee Court Upholds Man's Paternity Fraud Claim Posted: Sun Oct 7 -- according to the stat's on this type of terrible wrong, millions of men in the u.s. could be paying for someone else's child(ren). its not... daveinga Wine Investor Koch Loses Claim Against New York Auction House Posted: Mon Oct 8 -- Whine, Whine, Whine! Frankie U.S. Insurers Say Fraud Costs on the Rise: Survey Posted: Wed Oct 10 -- Duh! PC insurers reporting increases in personal lines fraud? When they bind policies from call centers located a thousand miles from the... boonedoggle Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue October 8, 2012 Surplus Lines: State of the Market / NAPSLO Issue; Lloyd's Syndicate Spotlight; Agency Financial Products Directory: Banks, Funding & Capital for Acquisition 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 / Ag Underwriter Insurance Regulated Staff Attorney Underwriter Trainee (Bilingual)- Instant Quote Private Label Instant Quote Private Label - Underwriter Have a job opening? List it on our Web site. 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