Daily Headlines: Monday, October 8, 2012

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October 8, 2012 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Gulf States Pressure Obama Over BP Spill Settlement Funds Senators from the U.S. Gulf Coast urged President Barack Obama on Friday to ensure that any legal settlement for the 2010 Gulf of Mexico ... Best Affirms OneBeacon and Subs Group Ratings; White Mountains A.M. Best Co. has affirmed the financial strength rating (FSR) of 'A' (Excellent) and issuer credit ratings (ICR) of "a" of OneBeacon ... Ratings Recap: Sirius (US), HDI-Gerling (US), Permanent General, Lexon/Bond Safeguard, Selective(NJ) A.M. Best Co. has affirmed the financial strength rating of 'A' (Excellent) and issuer credit rating of "a" of new York-based Sirius ... ACE USA Expands Health, Managed Care Privacy Protection ACE USA, the U.S.-based retail operations of the ACE Group, has introduced the privacy and network security liability endorsement to both ... Zurich Expands Contract Litigation Insurance Beyond California Zurich has expanded its contract litigation insurance coverage that is managed by program administrator Sonoma Risk Insurance Agency and... More National News East Court Rules New York Shooting Victim Can Sue Gun Maker A Buffalo man who was shot nearly a decade ago can sue the manufacturer, the distributor and the dealer of the semi-automatic pistol used ... Wine Investor Koch Loses Claim Against New York Auction House A billionaire wine investor waited too long to file a lawsuit that claimed a New York auction house misrepresented a Bordeaux as belonging ... Preferred Concepts Acquires Metro Insurance Services in New Jersey Preferred Concepts LLC, a program underwriter and specialty insurance broker based in New York City, has entered into an agreement to ... N.Y. Court: WC Insurer Can Get Credit Against Rape Victim's Settlement A New York court recently ruled that a workers' comp insurer can take a credit against its claimant's third-party civil settlement money. ... Virginia Regulators Set Hearing on WC Premium Level Adjustments The Virginia State Corporation Commission has scheduled a hearing for Oct. 16 to consider a request filed by the National Council on ... More East News Midwest Kansas Court Upholds Limits on Damages in Lawsuits Kansas will continue to limit compensation for pain and suffering to $250,000 in personal injury lawsuits following a state Supreme Court ... Court Rejects Missouri AG's Health Care Lawsuit A federal appeals court has upheld the dismissal of Missouri Lt. Gov. Peter Kinder's lawsuit challenging the federal health care law. The ... North Dakota Workers' Compensation Agency Seeks Directors North Dakota's workers' compensation agency is looking for new members for its board of directors. The terms of six of the 11 directors are ... Nielsen Named Commercial Claims VP at Founders Insurance Matthew J. Nielsen has been promoted to vice president of Commercial Claims at Founders Insurance Co., a member company of the Utica ... FDA: Indiana Farm Tied to Salmonella Outbreak Unclean A federal inspector found two strains of salmonella and unclean conditions at an Indiana cantaloupe farm's fruit-packing plant during ... More Midwest News Southeast Florida House Leader Wants Citizens to Wait on Loans The incoming Florida House speaker is asking the chairman of the state-backed Citizens Property Insurance Corp. to postpone a key ... Florida Justices Say Fair Court System Being Threatened Three state Supreme Court justices being targeted by Republicans and other conservatives said Friday that such partisan and special ... Ga. Regulator Reminds Homeowners: Oct. 7-13 Is Fire Prevention Week Georgia Insurance and Safety Fire Commissioner Ralph Hudgens and the National Fire Protection Association (NFPA) remind homeowners that ... Marsh Executive Perry Moves to Aon Risk Solutions in Atlanta Aon Risk Solutions, the brokerage and risk management business of Aon plc, recently announced the addition of Rachel Perry as managing ... Wal-Mart Employees in Florida Claim Gender Bias in Lawsuit Three female Wal-Mart Stores Inc. employees have filed a lawsuit in South Florida claiming the retail giant discriminates against women in ... More Southeast News South Central St. Bernard, Lafayette Firefighters Get $5.2 Million Federal Funds St. Bernard and Lafayette parishes will be able to hire more firefighters under federal grants they're getting. U.S. Sen. Mary Landrieu, ... Police Say Louisiana Stolen Property Website Helping Owners A new website launched last month by the Opelousas Police Department to help the rightful owners to recover their stolen property is ... ThyssenKrupp Airport Systems Fined $172K for Hazards at Texas Site The U.S. Department of Labor's Occupational Safety and Health Administration has cited ThyssenKrupp Airport Systems Inc. with 28 serious ... Louisiana Senator Blasts BP, Coast Guard Over Spill Cleanup Louisiana's Republican U.S. senator recently blasted oil giant BP PLC for what he called its attempt to run from its full cleanup ... More South Central News West California's Prop. 33 Latest Battle Between Adversaries Joseph, Rosenfield Billionaire insurance executive George Joseph has been fighting with consumer advocate Harvey Rosenfield for two decades over California's ... Tax Group Sues to Block Calif. Firefighting Fee A taxpayer group, joined by plaintiffs throughout California, has filed a lawsuit seeking to block a fee that is being assessed on more ... Report: Calif. Workers' Comp Impacted by Recession, Reform, Medical A report out Friday by the Workers' Compensation Research Institute rates California's workers' comp system against 15 other states, and ... Calif. State Fund Board: Drop Rates 7% California's State Compensation Insurance Fund's board voted on Friday for a 7 percent decrease in its 2013 rates, a move that reflects ... More West News International Cooper Gay Launches Terrorism & Political Risk Crisis Management Service London-based Cooper Gay & Co. announced that the independent insurance and reinsurance intermediary is "offering a free crisis management ... Catlin Appoints Maran as Chief Science Officer The Bermuda-based Catlin Group Limited has announced that Michael Maran, who has led Catlin's space insurance activities for the past ... Best Affirms Sirius International Group's Ratings; Outlook Stable A.M. Best Europe - Rating Services Limited has affirmed the financial strength rating (FSR) of 'A' (Excellent) and the issuer credit rating ... Ratings Recap: Leadway, ICON Re, Montpelier Re (Notes) A.M. Best Europe - Rating Services Ltd. has revised the outlook to negative from stable and affirmed the financial strength rating of 'B-' ... More International News Insurance Journal Blogs Choosing the Right Site for Your Banner Ad I was recently talking with a regional wholesaler regarding her 2013 marketing plans. When we got to the topic of internet marketing and ... 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 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 Primary Flood MO Posted: Thu Oct 4 -- Who is a market in Missouri for primary flood insurance on a residential rental duplex in a community that does not participate in the NFIP... Midwest-Bill 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 Non-profit with incidental international exposure Posted: Wed Oct 3 -- Rob Chartis has a World Risk Foreign package that allows you to pick and choose the coverages you need at very reasonable prices. Haven't... rcb How to grow an Insurance Agency one client at a time. Posted: Sat Sep 29 -- I agree with all of you. I am new to this business and have seen my share of people that simply chase the commission. Don't get me wrong, I... m2insurance National Agents Alliance? Legit or Keep Away? Posted: Fri Sep 28 -- Sounds like a sales pitch from NAA. I've never heard any agent be positive about their experience with them. MarcMeyers Go to Forums Reader Comments How Dangerous Is Distracted Walking? N.Y. Transport Chief Weighs In Posted: Tue Oct 2 -- When the pedestrian is at fault for their lack of attention and the auto policy comes into play for indemnity...Yes, that is becoming quite... Ghost TWIA Study Recommends Lowering Agent Commissions Posted: Tue Oct 2 -- The same problem exists in Florida with our Citizens Insurance Company. Agents don't want to put clients in with Citizens, but the options... Cheetoh Mulligan AIG Unveils New 'Refreshed' Logo Posted: Wed Oct 3 -- My guess is they spent well over $100k, and got a poor result. This logo is not good. People don't want a "contemporary" insurance company.... Johnny Americans Do Not Expect Total Repeal of Health Care Law: Poll Posted: Tue Oct 2 -- What does the amount of underwriting leverage for an insurance carrier have to do with cutting reimbursements to hospitals? I don't the... Libby Neb. Man Paralyzed in Crash Loses Fight With Insurer Posted: Fri Oct 5 -- The officer was driving 80 mph in a 50 mph limit zone? Does anyone want to bet me he is still collecting a taxpayer check and building up... ExciteBiker 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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