Daily Headlines: Friday, May 3, 2013

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May 3, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Opponents of Obamacare Sue Over IRS Rule on Tax Credits A group of individuals and businesses filed a lawsuit against the Obama administration's healthcare overhaul on Thursday, hoping to stop ... Marsh & McLennan Q1 Profit Jumps 19% to $413M Marsh & McLennan Companies Inc. reported Thursday $413 million net income attributable to the company for its 2013 first quarter, up 19 ... Liberty Mutual Q1 Profit Falls 31% to $318M Amid Investment Losses Boston-based Liberty Mutual reported Thursday its net income fell 30.7 percent to $318 million for its 2013 first quarter, compared to $459 ... Buffett Debuts on Twitter, Gains 1,000 Followers a Minute Warren Buffett accumulates Twitter followers even faster than he makes money. The 82-year-old "Oracle of Omaha" joined the service and sent ... U.S. Presses China to Stop Growing Trade Secret Theft The U.S. Trade Representative's office criticized China on Wednesday for failing to stop the growing theft of American trade secrets that ... AIG Reports P/C Underwriting Gain for Q1 American International Group Inc.'s property and casualty business booked its first underwriting profit in two and a half years during the ... Identifying and Mitigating Agent E&O Exposures in the High-Net Worth Segment As the Internet continues to take hold over the independent insurance agent's market share, the value-added services a broker can provide... CEOs & Social Media: A Matter Of Trust Insurance is a unique industry. It is one where most customers will never get to use the product they buy, few if any... More National News East New York Drop of Damages Claim Against Greenberg Avoids Test of AG's Power When New York Attorney General Eric Schneiderman gave up a claim for damages against former AIG chief Hank Greenberg, he also likely ... Group Says New Maryland Law Slams Door on Rebates by Shady Contractors More Maryland homeowners will avoid a costly trap by predatory contractors thanks to a new law, the Washington, D.C.-based Coalition ... N.J. Commissioner: Residents With Unresolved Sandy Claims Can Turn to Mediation New Jersey Department of Banking and Insurance Commissioner Ken Kobylowski said on May 1 that New Jersey residents with unresolved ... Original Ledger Page for Titanic Insurance Policy Sold for $25K The original ledger page of an insurance policy for the ill-fated Titanic was sold at a New York auction for $25,000. The insurance policy ... 25 New York Gas Stations Settle Post-Sandy Price-Gouging Claims Twenty-five gas stations have settled price-gouging claims made against them immediately after Superstorm Sandy hit New York, state ... More East News Midwest USG Adds Olson as Producer/Broker in Minnesota USG Insurance Services Inc., a national wholesaler and MGA, has expanded operations in its New Brighton, Minn., office with the addition of ... Ohio Workers' Comp Fund Plans to Return $1 Billion to Employers Ohio's governor and the state workers' compensation fund want to return $1 billion in dividends to Ohio businesses, bolster workplace ... Abused Disabled Iowa Plant Workers Awarded $240M A Texas company has been ordered to pay $240 million in damages to 32 mentally disabled workers who formerly worked at the company's turkey ... Insurer Plans 1,000 More Jobs in Lansing, Michigan Buoyed by a year of record profits, a Michigan insurance company said it is planning a $100 million expansion that could lead to the ... More Midwest News Southeast North Carolina Underreports Workplace Deaths: Study A study by workplace safety advocates shows that more workers die on the job in North Carolina than the state reports. The Charlotte ... Parents of Deceased Tenn. State Player Sue School The parents of a Tennessee State football player who died after collapsing during a practice last fall are suing the university for ... More Southeast News South Central Arkansas Doctor Convicted in Bombing Resentenced to Life A resentencing proceeding for a former doctor convicted in the bombing of the leader of the Arkansas Medical Board left him with his ... Consumer Bill of Rights Would Summarize Oklahoma Insurance Laws As tornado season intensifies, Oklahoma's top insurance official said he is compiling a consumer bill of rights to let home and car owners ... Texas Agent Association Annual Conference Set for June 26 - 28 The Independent Insurance Agents of Texas (IIAT) and its Trusted Choice agencies, insurance representatives and other insurance ... OSU Drops Court Action Over $33M in Insurance Premium Payments Oklahoma State University has dropped a lawsuit that sought to recover $33 million in premium payments from a program that insured the ... Homeowners not the Only Line of Coverage Affected by Texas Weather It's well known that Texas has some of the highest homeowners premiums in the nation -- in large part due to the state's vulnerability to ... More South Central News West Southern California Wildfire Causes Homes To Be Evacuated A Southern California wildfire grew to more than 15 square miles and firefighting crews prepared Friday for another bad day of gusting ... Former Colorado Insurance Exec Guilty Of Securities Fraud Former insurance executive Michael Van Gilder has pleaded guilty to securities fraud in an insider-trading case connected to billionaire ... California Lawsuit Claims Lead In Ginger, Plum Candies California has filed a lawsuit against Whole Foods, Trader Joe's and other food retailers, manufacturers and distributors, alleging the ... Homeowners Lose Oregon Landslide Lawsuit A jury has ruled that Benton County does not have to compensate a Colorado couple who lost their Corvallis-area home to a landslide. The ... Court of Appeal Upholds California Commissioner's Authority in Mercury Suit The California Court of Appeal upheld a Los Angeles Superior Court ruling on Thursday by dismissing Mercury Insurance Co.'s lawsuit ... More West News International Resort Airports in Stormy Southeast Asia Leave Safety to Chance It's the invisible enemy: something all pilots dread as they land at Asia's tropical island resorts. Wind shear - or the sudden change in ... ACE Acquires Mexico Personal Lines Insurer ABA Seguros ACE Limited announced that it has completed the acquisition of Mexican personal lines insurer ABA Seguros from Ally Financial Inc. for ... SNL Report: Cat Bond Market Continues to Progress A report from SNL Financial cites the recent activity in the insurance linked securities (ILS), or "Cat Bond" market is continuing to be an ... XL Group Reports $350.8 Million Q1 Net Income; P&C Combined Ratio 87.7% CEO Mike McGavick seemed quite pleased with XL's results for, the first quarter of 2013. "XL once again delivered solid results -- the kind ... RenaissanceRe Posts $190.5 Million Q1 Net Income; 36.2% Combined Ratio Bermuda-based RenaissanceRe Holdings Ltd. reported net income available to common shareholders of $190.5 million or $4.23 per diluted ... Endurance Reports $92.1 Million Q1 Net Income; 85% Combined Ratio Bermuda-based Endurance Specialty Holdings Ltd. reported net income available to common shareholders of $92.1 million and $2.13 per diluted ... Ratings Roundup: of Boubyan Takaful, National General A.M. Best Europe - Rating Services Limited has revised the outlook to stable from positive and affirmed the financial strength rating of ... More International News Join the Insurance Journal Network Insurance Journal TV Fireman's Fund Chief Looks to Future Lori Fouché became Fireman's Fund's president and CEO in July, 2011. The head of the U.S.... Watch Now Greenberg's View: Finite Reinsurance The cornerstone of former New York Attorney General Eliot Spitzer's campaign against AIG and... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums CA-Sales of defibrillators & CPR Training Posted: Thu May 2 -- Not a BOP, but BOPs don't have the Professional they need. Northfield Insurance Co. will do a GL and Professional in a single package for a... BKCPCU Insurance Noodle vs. Superior Access vs. Agent Secure Posted: Thu May 2 -- They have a lot of names within the P&C world: Agency Networks, Agency Groups, Clusters, Premium Aggregators, Agency Franchises, etc. They... El Phil What is your biggest pain as an agent? Posted: Wed May 1 -- Right now my biggest pain is customer service. Its hard to sell, market and service as a one man shop. It never seems like there is enough... shiftins Long haul trucking- CA Posted: Wed May 1 -- Hi I work for a PA and I'm the underwriter for our stand-alone Auto program. I acn't do long-haul but I can do other for hire risks. Feel... tanya01 Non Standard Farm/Ranch account Posted: Wed Apr 24 -- What are the codes and the premium? I just quoted a restoration company with similar issues and a 2.37 x-mod with a PEO. What should have... Chad Filley Go to Forums Reader Comments Texas AG: Same-Sex Marriage Benefits Unconstitutional for Public Entities Posted: Wed May 1 -- Boo! Boo! Boo Abbot and Patrick! So, if 75% of voters said they wanted witches burned at the stake, would you take up a search and commence... Captain Planet Administration Shortens Health Care Application Posted: Wed May 1 -- "The health care questions will disappear, but they'll be replaced by questions about your income." New "simplified" application - 4... wvagt Experts Weigh Boston Bombings' Impact on Government-Backed Terrorism Insurance Posted: Tue Apr 30 -- "Under TRIA, an event cannot be considered as a terrorist act unless the U.S. Treasury secretary, the secretary of state and U.S. attorney... Dave West Explosion Insured Losses Hit $100M Posted: Fri Apr 26 -- Dang...how can someone "Dislike" Captain Planets comments??? I swear if he commented "kittens are cute" or "the sky is blue" you guys would... Questionning Most-Used Excuses for Getting Out of Traffic Tickets: Survey Posted: Mon Apr 29 -- I'm trying to save the world and Duke Nukem took away my ability to fly. Captain Planet Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue April 22, 2013 Top 50 Apps for Insurance Agents; Entertainment, Sports & Special Events; Directors & Officers Liability 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 Customer Service Manager - Personal Lines Manager, E&O Dept Underwriting Analyst Consulting Chief Underwriting Officer - W.C. Have a job opening? List it on our Web site. 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