Daily Headlines: Friday, January 11, 2013

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January 11, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Double-Digit Returns Absent From Year-End, 2013 Financial Forecasts Although analysts following the property/casualty insurance industry expect underwriting results for 2012 to be better than 2011 when ... What To Expect: Premium Growth Putting together views on the economy and pricing momentum, analysts who supplied premium growth forecasts for 2013, put them in the 3-5 ... Study Urges National Healthcare Spending Target The United States could save $2 trillion in healthcare spending over the next decade, if the U.S. government used its influence in the ... President Obama Signs Bill Repealing Car Dealer Insurance Requirement President Barack Obama has signed a law repealing an outdated requirement that car dealerships keep on hand an information booklet about ... General Star Enhances Accountants Professional Liability Program General Star Management Co. has made a series of revisions to the policy for its accountants professional liability program. Available ... Liberty Mutual to Phase Out 8 Regional Insurance Brands Liberty Mutual Insurance announced it is planning to retire its regional brands in 2013 to focus on the more recognizable Liberty Mutual ... Confie Eyes More Expansion, Push Into Standard Lines In the coming year Confie Seguros plans to up its buying spree and expand into standard personal and small commercial lines, while ... Home Value Insurance Co. Dissolved The rehabilitation of Calif.-based Home Value Insurance Co. (HVIC) has been ended and the corporation has been dissolved by order of the... More National News East Harmful Contaminants at Sandy Cleanup Sites Still Within Permissible Limits The levels of harmful contaminants at Superstorm Sandy cleanup sites in New York and New Jersey have so far not exceeded federal workplace ... New York Senator Pitches Mold Relief in Sandy Aid Bill New York Sen. Charles Schumer, D- N.Y., says the second part of the Sandy relief aid package includes as much as $1 billion to help homeowners deal with mold ... A New Risk Management Consulting Firm Launched in Pennsylvania A new risk management consulting firm recently opened its doors for business in Pennsylvania. Auspice Risk is an independent risk ... More East News Midwest 2011 Joplin Tornado Losses Could Reach $2B State regulators say insurance claims from the May 2011 Joplin, Mo., tornado are likely to reach $2 billion. The tornado killed 161 people, ... Missouri Department of Insurance Closes Two Receiverships The Missouri Department of Insurance announced the conclusion of the legal cases of two insurance companies that went into receivership due ... Illinois House OKs Illegal Immigrant Driver's License Bill Illinois has moved a step closer to becoming the next state to allow illegal immigrants to obtain driver's licenses after House lawmakers ... King Joins HORAN as Health Management Leader Cincinnati, Ohio-based employee benefits and financial services consulting organization, HORAN, has added Carol King as its health ... Medical Malpractice Tort Reform Signed into Law in Michigan Tort reform advocates in Michigan, including medical malpractice insurer, The Doctors Company, lauded the recent signing of reform ... More Midwest News Southeast Entire Mississippi Delegation Urged to Support Sandy Disaster Relief A Democratic Mississippi lawmaker said he's filing a resolution that urges Mississippi's entire congressional delegation to support federal ... Alabama School Safety Summit Focuses on Preventing Shootings Participants in a heavily attended Statehouse summit in Montgomery on school safety agreed Wednesday that taking steps to prevent tragedies ... More Southeast News South Central Court Orders Employer to Pay $35K to Texas Mutual Texas Mutual Insurance Co. announced that Everest Contract Services LLC of Irving, Texas, pled guilty to workers' compensation ... Plea Expected in Baton Rouge Workers' Compensation Fraud Case A former Prairieville, La., resident is accused of stealing more than $215,000 from workers' compensation cases and a service firm that ... Float Driver Won't Face Charges in Texas Train Crash A grand jury has declined to indict the driver of a float involved in a train collision that killed four U.S. military veterans in a West ... TMLT Dedicates $30M to Trust Rewards Program for 2013 The board of medical malpractice insurer, Texas Medical Liability Trust (TMLT), has voted to dedicate $30 million to the Trust Rewards ... More South Central News West Mom Sues Over Teen's Skiing Death In Colorado The mother of an Ohio college student who died at a ski area in Steamboat Springs, Colo., has filed a wrongful death lawsuit against the ... Oregon Company Pays $180K To Settle Equal Employment Opportunity Commission says Complaint The U.S. Equal Employment Opportunity Commission says an Oregon-based construction company will pay $180,000 to a pair of former employees ... More West News International China Regulator Seeks Information on HSBC-Ping An Deal China's insurance regulator is seeking more information from Ping An Insurance after reviewing HSBC's planned sale of its $9.4 billion ... Best Affirms Amlin AG, Amlin plc, Lloyd's Syndicate 2001 Ratings; Outlook Stable A.M. Best Europe - Rating Services Limited has affirmed the financial strength rating (FSR) of 'A+' (Superior) and issuer credit rating ... Calnan Joins Ironshore Europe to Lead International Offshore Energy Expansion Bermuda-based Ironshore Europe Ltd. (IEL) announced that Paul Calnan has been named Senior Vice President Global Offshore Energy, ... Ratings Recap: ASSA/Lion Re, Local Tapiola, Liffey Re, Del Istmo, QBE Del Istmo A.M. Best Co. has affirmed the financial strength rating (FSR) of 'A' (Excellent) and issuer credit rating (ICR) of "a" of Panama ... More International News Insurance Journal Blogs Want to Reach & Retain More Customers? ASK for an Email Address This post is part of a series on insurance marketing and training sponsored by Astonish. Email is one of the most cost effective and ... More Blogs Join the Insurance Journal Network Insurance Journal TV Van Eeten Takes the Reins at Texas Surplus Lines Association Kathy Van Eeten, senior vice president, regional marketing for CRC | Crump, was installed... Watch Now Effects of Worldwide Economic Instability on American Companies Despite a slightly improved economy here in the U.S., the global economy is not out of the... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums What is your biggest pain as an agent? Posted: Fri Jan 11 -- GREAT topic! 1. Carrier/GA underwriters that don't respond to emails/phone calls. 2. Customers that can pay every bill but their insurance... paulbennings Personal umbrella with commercial exposure on property Posted: Thu Jan 10 -- I have a client who has 4 homes, 4 autos. the primary home has a commercial exposure. The commerical exposure is fully insured. We are... KarenL Florida Mobile Home Insurance - Coastal Surplus Lines Posted: Wed Jan 9 -- Who are you writing it through? Need a program in Hillborough. btolomeo Manufactured Home (in park) Insurance in Florida Posted: Tue Jan 8 -- Hello agentagent, I am a Product Mgr working for a Surplus Lines carrier. We are currently writing coastal Manufactured Housing insurance in... insprodmgr Agency In NC or SC Posted: Mon Jan 7 -- To Whom it May Concern: We are very interested in speaking with you about your possible move to NC My agency is headquartered in... DBCANADY Deposit into the trust account or operating account? Posted: Fri Jan 4 -- I would add that Option A, deposit to the Trust Account is correct; and in a perfect world, commission would not be moved to the operating... TheFieldman brightway insurance brokerage in florida Posted: Fri Jan 4 -- Personally, I think it is just a matter of choice and what your longterm goal is. I've always thought of the American Agency System as a... TheFieldman Go to Forums Reader Comments Oklahoma Mom Sues Over Twitter Picture of Unclothed Daughter Posted: Mon Jan 7 -- This is bullying, no question. As for the school adminstrators who want this lawsuit dropped because "it make the school look bad" - wake up... jet AIG Says It Has Obligation to Consider Bailout Lawsuit; Critics Pounce Posted: Wed Jan 9 -- It seems the problem is Hank Greenberg. He is making a stink about the bailout which probably was caused with the culture and things done... rukidding How 'Fiscal Cliff' Package Deals with Business Taxes Posted: Mon Jan 7 -- Yes Libby, all my employees checks are a little lighter now that the Social Security has gone up and taken from their income. I seem to... Agent AIG May Join Suit Against Federal Government Over 'Unfair' Bailout Terms Posted: Tue Jan 8 -- I enjoy bashing AIG as much as anybody else, but realistically I think it's a safe bet that AIG won't join the lawsuit (I'd give 5:1 odds... nomesaneman AIG Decides Not to Join Bailout Lawsuit Against Government Posted: Wed Jan 9 -- ....or to be committed. 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