Daily Headlines: Wednesday, January 23, 2013

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January 23, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National New NAIC CEO Nelson: 'No Need for Dual Regulation' The new CEO of the National Association of Insurance Commissioners (NAIC) says there is a limited role for the federal government in ... Securities Fraud Class Actions Declined in 2012 Fewer investors are taking corporate America to court for fraud. The number of new federal securities fraud lawsuits seeking class-action ... Travelers Insurance Finds Customers Stay Despite Rising Prices Travelers Cos. Inc.'s quarterly profit handily beat Wall Street expectations as it charged more for insurance coverage while holding on to ... Supreme Court Won't Hear Retaliation Case Against Sears The U.S. Supreme Court on Tuesday refused to consider whether Sears Holdings Corp. improperly fired a former supervisor who objected to how ... P/C Insurers See ORSA Value to Their Business: Survey Many property/casualty insurers are beginning to implement pending Own Risk and Solvency Assessment (ORSA) regulatory requirements in ... Insurance Journal Co-Sponsors Agency Research Project Channel Harvest Research, in partnership with Insurance Journal, has launched a major new study in the independent agency system, probing ... Beazley Launches Environmental Cleanup Costs Insurance Beazley plc has expanded its environmental products offering with the launch of an environmental cleanup costs insurance policy that ... Athos Insurance Launches Entertainment Insurance Website Athos Insurance Services, Inc. has launched InsurEntertainment.com, an online platform for quoting, binding and managing inland marine and ... Selling EPLI Coverage to the Small Business a Challenge, but Necessary After almost five years of continuous claims in the employment practices liability insurance (EPLI) segment, rates have started going up... More National News East Should Worst-Flooded Areas Be Left After Superstorm Sandy? Superstorm Sandy, one of the nation's costliest natural disasters, is giving new urgency to an age-old debate about whether areas ... Insurance Institute for Highway Safety in Va. Plans $30M Expansion The Insurance Institute for Highway Safety is planning a $30 million expansion at its Ruckersville campus. Chief administrative officer Joe ... CoreLogic Buys CDS Business Mapping in Connecticut CoreLogic, a residential property information, analytics and services provider based in Irvine, Calif., acquired CDS Business Mapping LLC ... Maine Car Buyers Warned to Avoid Deals That Seem Too Good to Be True Maine residents in the market for a new car are being warned to stay away from deals that appear too good to be true. Experts say some of ... N.J.-Based Risk Partners Appoints VP of Business Development Risk Partners Inc., a provider of specialty workers' compensation and auto liability placements and niche program business offerings, named ... Pennsylvania's GMI Insurance Names Underwriting Director GMI Insurance, a Valley Forge, Penn.-based managing general agency specializing in commercial transportation exposures, named Angela Milks ... More East News Midwest Burns and Wilcox Is First National Wholesaler to Join Trusted Choice Michigan-based property/casualty insurance wholesaler, Burns and Wilcox, is the newest member of the Trusted Choice consumer branding ... Michigan Regulators Warn of Bogus No-Fault Auto Insurance Certificates The Office of Financial and Insurance Regulation (OFIR) are warning Michigan drivers that they may have unknowingly purchased fraudulent ... Ohio Health Insurance Company Sues State, Feds An Ohio health insurance company is suing state and federal officials over confusion in rules for a program for patients with pre-existing ... More Midwest News Southeast Former Florida Surplus Lines Association Leader Indicted A former executive director and past president of the Florida Surplus Lines Association (FSLA) has been indicted for allegedly embezzling ... Tennessee to Issue Real ID Secure Driver's Licenses Three Tennessee counties will begin issuing secure driver's licenses this spring in an effort to crack down on fraud. The Chattanooga Times ... Tolbert Joins NFP P&C Services in Atlanta National Financial Partners Property & Casualty Services has hired Cherie Tolbert as vice president of commercial lines out of Atlanta. ... More Southeast News South Central Ex-Stanford Executive Gets 5 Years in $7B Swindle The star prosecution witness in the trial of convicted Texas financier R. Allen Stanford was sentenced Tuesday to five years in prison for ... Louisiana Workers' Comp Corp. Promotes Taylor, Breard Louisiana Workers' Compensation Corp. (LWCC) has promoted Debra Taylor to assistant vice president of human resources and Jill Breard to ... Seismic Activity Rose, Then Dropped After Louisiana Sinkhole 'Burp' Scientists have noticed a recent increase in seismic activity near the 8.5-acre sinkhole at Bayou Corne, and worry that it might grow ... More South Central News West Match.Com Calls Vegas Woman's Lawsuit 'Absurd" An online dating service says a Las Vegas woman has no legal basis for her lawsuit seeking $10 million after she was matched with a man who ... Father Sues Central California County Over Death Of Son A father suing Fresno County claims social workers in the central California region didn't protect his 10-year-old son who was killed by ... Swett Gala to Pay Tribute to Wounded Soldiers, Raise $1M During an event this weekend at the Cosmopolitan in Las Vegas hosted by the "Swett Warriors" organization several large firms in the ... Wells Fargo Names Lindstrom Managing Director for Colorado Wells Fargo Insurance named Jon Lindstrom managing director for its Colorado offices. Lindstrom will lead business development, client ... More West News International UK Prime Minister Cameron Promises Britons Straight Choice on EU Exit Prime Minister David Cameron promised on Wednesday to give Britons a referendum choice on whether to stay in the European Union or leave if ... Davos Bosses Hunt for $5 Trillion in New Revenue in a Low-Growth World Business leaders in Davos have plenty to worry about, from the euro zone to global geopolitical upheavals, but at heart their problem is ... Catlin Introduces 'UK Asymmetric' Terrorism Insurance and Crisis Response Product London-based underwriting subsidiaries of the Bermuda-based Catlin Group Limited have introduced a new terrorism insurance product that ... Willis Identifies Extreme Weather, Brand Damage, Others as 2013 Risk Trends A post on WillisWire, the blogging platform of Willis Group Holdings, identifies developing trends cited by insurance experts as key ... Aon Benfield Launches WExcess for Weather Reinsurance in UK Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, has launched its new weather reinsurance product that ... S&P: Low Interest Rates, Regulation Issues Are Key Insurance Industry Risks Standard & Poor's Ratings Services has issued a new report - "Global Insurance Key Risks And Credit Trends Dominated By Low Interest Rates ... More International News Insurance Journal Blogs Burand's Agency E&O Blog: Tip #20 Do you have standardized procedures? One of the terms key to understanding E&O exposures is, "invariable practice." In other words, does ... 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 State Auto Opinions Posted: Wed Jan 23 -- Looking for opinions on State Auto as a company. Maybe more specifically their southern operations. We picked up State Auto a few years ago.... Smalltownagent Farmers Changes Hiring Policies Re: Bankrupcy Posted: Wed Jan 23 -- I have heard recently that Farmers has changed their hiring policy on individuals that have filed bankrupcy, from 3 years of discharge to 1... thereisabetterway CPCU 500 HELP! Posted: Wed Jan 23 -- I did the whole thing using the older books because I bought all of them at once and then they changed it on me when I was ready to take the... paulbennings What is most fullfilling as an agent? Posted: Tue Jan 22 -- The honest, sincere gratitude of a client. Whether that be handling a claim or managing an issue to their satisfaction. Last week I wrote a... sacman What is your biggest pain as an agent? Posted: Tue Jan 22 -- It never ceases to amaze me the questions clients call to ask. From solicitation letters of auto warranty's to how much does it cost... sacman Real Housewives of Miami "star" suing insurance agent Posted: Tue Jan 22 -- Any time I see an agent being sued my ears perk up. Apparently her son was a passenger in the 'at fault vehicle'. I'm curious what kind of... plins Comp in Ca for a Farm code 0171 Posted: Fri Jan 18 -- Please provide class codes and if there is transportation, custom harvesting or "owner-grower-shipper" business exposure. Thanks Miguelito Credit Card Processing Posted: Fri Jan 18 -- We have been using The Square for almost a year. You only get charged a 2.75% IF you use it and you can take an American Express Card at the... tsorrels Go to Forums Reader Comments What Employees Should Know About Healthcare Changes Ahead Posted: Thu Jan 17 -- "What Employees Should Know About Healthcare Changes Ahead" 1) Reduced coverage 2) Fewer doctors, longer waits 3) Higher premiums 4) Higher... wvagt Heavy-Duty Restricted Guns Legally Sold in Texas Posted: Wed Jan 16 -- "Any sane person would not try it," he said of potential attackers. Sane people are not the ones I'm concerned about. It's the insane... Captain Planet In Inaugural Address, Obama Vows to Tackle Climate Change Posted: Tue Jan 22 -- Let me guess---this war will be waged via higher taxes as the cure. Can't wait until we are rid of this guy. Climate change is a scam. wayne Massachusetts Bill Would Require Gun Liability Insurance Posted: Sun Jan 20 -- You don't have a RIGHT to own a car. You do have a RIGHT to own a firearm. This is more like requiring a poll tax to vote. John Schiffermuller Superstorm Sandy Challenges Definition of Basement in New Jersey Posted: Tue Jan 22 -- Why didn't they challenge the definition BEFORE they had a loss? These people read their policies, right???? Let's see, it's flood... 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