Daily Headlines: Thursday, January 10, 2013

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January 10, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Drought-Ridden Wheat Belt Declared Disaster; Record Crop Insurance Claims Seen The government declared much of the central and southern U.S. Wheat Belt a natural disaster area on Wednesday due to persistent drought ... Why U.S. Lags Other Wealthy Nations in Health Measures Overeating, lack of health insurance access and comparatively high poverty are among the many reasons why Americans are less healthy and ... Greenberg Won't Sue AIG Over Bailout Lawsuit Vs. Government Hank Greenberg will not sue AIG over the company's decision not to join his lawsuit against the U.S. government, his lawyer said on ... Surplus Lines Regulatory Picture for 2013 State implementation of the Nonadmitted and Reinsurance Reform Act (NRRA), effective July 21, 2011, proceeded relatively smoothly during ... AIG Decides Not to Join Bailout Lawsuit Against Government The board of American International Group Inc. decided on Wednesday not to join a lawsuit against the U.S. government over the terms of the ... 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 ... Lloyd's Syndicate ProSight Launches Independent Film Coverage Lloyd's Syndicate ProSight 1110 is offering independent film makers' insurance to cover mishaps during filming, as well as failure to... More National News East N.Y. Lawmakers Introduce Bill to Cap Hurricane Deductible at $1,500 New York legislators have introduced a bill this week that seeks to cap the percentage-based hurricane deductibles for homeowners' ... List of Company-Specific Sandy-Related Loss Estimates Since Superstorm Sandy slammed into the New Jersey coastline on Oct. 29, 2012, dozens of insurers and reinsurers have publicly announced ... 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 brand ... For Returning Residents of Seaside Heights, N.J., 'It's Paradise, Being Home' The utterly mundane task of bringing a garbage can back from the curb put a broad grin on Guy Mazzanti's face Monday, Jan 7. Seaside ... More East News Midwest HUB International Acquires the Assets of Maritime Insurance Group Hub International Limited (Hub) has acquired Maritime Insurance Group Inc. (Maritime) an insurance agency with its principal office located ... A.M. Best Upgrades Ratings of Minnesota's Austin Mutual Insurance A.M. Best Co. has upgraded the financial strength rating to A (Excellent) from B (Fair) and the issuer credit rating to "a+" from "bb+" of ... USI Insurance Services Buys Illinois-Based Pediatrics Insurance Consultants USI Insurance Services LLC has acquired Pediatrics Insurance Consultants (PIC), based in Chicago, Ill. PIC is the insurance member benefits ... Aviation Risk Management Expert Joins Lockton in Kansas City Ty Carter, an experienced aviation risk management executive and pilot has joined the Lockton Global Aviation Group in the insurance ... More Midwest News Southeast Florida Doctors Dispute Workers' Compensation Drug Cost Claim Florida doctors are disputing a state report saying drugs dispensed by physicians directly to patients are raising workers' compensation ... Mississippi Pharmacists Battle Benefit Managers, Mail Order Drug Firms Pharmacists want Mississippi lawmakers to force an end to limits on where people covered by certain insurance plans can get prescriptions ... More Southeast News South Central 3rd Defendant in W Financial Group $17M Fraud Sentenced to Prison A man who, along with two others, falsely used the names of two well-known insurance groups in a scheme to swindle elderly people out of ... Crocker Joins Higginbotham as Real Estate Practice Leader Commercial insurance broker William J. Crocker has joined Higginbotham Insurance Group in Austin, Texas, as vice president, real estate ... Oklahoma State Senators Look to Arkansas for Workers' Comp Answers Oklahoma Senators Anthony Sykes and Josh Brecheen are looking to Arkansas for ideas for reforming their states' workers' compensation ... Louisiana: All Racehorses from Illinois Must Be Checked for Virus Any horse coming into Louisiana from Illinois must have a health certificate showing that it has not been at Hawthorne Race Course in the ... More South Central News West California Insurance Chief Criticizes Anthem Rate Hike California Insurance Commissioner Dave Jones called Anthem Blue Cross' proposed rate hike for some of its small-group members is ... Nevada Board OKs $6M For Health Exchange Marketing A state board chaired by Nevada Gov. Brian Sandoval has approved a $6 million contract to market the state's health insurance exchange ... Montana Doctor Sues for $22M Over Loss Of Hospital Privileges A physician is seeking $22 million in damages after Holy Rosary Healthcare in Miles City, Mont. revoked his medical staff privileges in ... More West News International Peak Re Launched in Hong Kong for 'Underserved' Asia Pacific Markets Peak Reinsurance Company Limited formally announced that it has opened for business. The new reinsurer, established to capture the growing ... Multilateralism in Trade is 'Dead' Says French Industry Minister Multilateral trade deals are "dead", France's industry minister said on Tuesday, professing a preference for bilateral accords as the ... FERMA Appoints Bedhouche as Full Time European Affairs Adviser The Federation of European Risk Management Associations (FERMA) has appointed Julien Bedhouche as its first full time European affairs ... Ascot Underwriting Appoints Pilkington as Head of Casualty Lloyd's insurer Ascot Underwriting Ltd. announced the appointment of John Pilkington as Head of Casualty, effective February 4, 2013, and ... More International News 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: Wed Jan 9 -- 1) Billing questions, non payment cancelations, reinstatement request of bad pay clients. 2) Binder requests from mortgage companies that... jtownagent 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 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 WC account Losses 189 X-mod hard class codes Posted: Wed Jan 2 -- All of the information posted on this subject has been good advice, But what I have found over many years handling some difficult company's... JTR 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 Flood Insurance Funds Will Run Out Jan. 7 Without Congress OK: FEMA Posted: Thu Jan 3 -- Now, do you really want ObamaCare....? You need surgery and are waiting on the US House and Senate (Congress) to get a budget passed! They... Brass Balls 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 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 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 Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue December 17, 2012 New Players (New insurers, brokers and vendors that are less than 2 years old.); Buyers 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 Senior Property & Casualty Specialist Vice President of Government Affairs Sales Enhancement Team - Team Member Professional Liability Claims Examiner Have a job opening? 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