Daily Headlines: Monday, July 8, 2013

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July 8, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Commercial Insurance Rates Up 5% Again in June: MarketScout Increases for commercial property/casualty insurance rates in the United States were again about 5 percent during June, the fourth straight ... Senator Seeks Review of Consumer Bureau Data Collection The U.S. Senate Banking Committee's top Republican is asking the investigative arm of Congress to determine whether the Consumer Financial ... Employers Welcome Delay in Obamacare Mandate; Workers, States Concerned While businesses hailed President Barack Obama's decision to delay penalizing companies that fail to offer benefits under the health law, ... Another Obamacare Requirement Delayed Days after delaying health insurance requirements for employers, the Obama administration has decided to roll back requirements for new ... Tropical Storm Chantal May Form in Atlantic This Week Tropical Storm Chantal strengthened as it moved west across the Atlantic toward the Lesser Antilles, including the islands of Martinique ... Fireworks Insurance Explodes for the Fourth When agent Tami Towne of Nebraska-based Ryder Rosacker McCue & Huston Insurance Services went prospecting for new business 10 years ago,... ACE Publishes Decade's Worth Of Large Losses By Industry, Limits Data ACE Bermuda released its "2013 Liability Limit Benchmarks and Large Loss Profile Report" this week, an annual... More National News East New Jersey Utility Sues 11 Insurers Over Sandy Storm Coverage Public Service Enterprise Group Inc., the largest provider of gas and electric service in New Jersey, sued 11 insurers, including American ... New Jersey Court Rules Against Homeowners in Dune Dispute A New Jersey town can present evidence of the benefits of building dunes as storm barriers when homeowners with beachfront properties seek ... Guy Carpenter Acquires Maine-Based Disability Reinsurance Risk Manager Guy Carpenter & Co. LLC, a global risk and reinsurance intermediary division of N.Y.-headquartered Marsh & McLennan Companies, announced ... More Rain Floods Vermont, 2 Drownings Prompt Warnings With multiple drownings in fast-moving rivers in recent days, Vermont Gov. Peter Shumlin on July 5 warned residents to be extremely ... Boston Man Arraigned on Charges of Filing $2M False Claim to Victims Fund A Boston man who allegedly submitted a $2 million claim to The One Fund Boston on behalf of his dead aunt was arraigned on July 3, ... Insurers' Group Urges R.I. Governor to Veto Auto Body Legislation The Rhode Island Legislature passed legislation before adjournment on July 3 that could impact the pockets of Rhode Islanders when they ... Delaware Towns Worry About Hike in Flood Insurance Cost Kent County residents and leaders in Delaware are getting their first look at new flood maps and worrying about the impact on flood ... 2 New York Utilities Sued for 120 Sandy-Burned Homes About 120 home owners from the tight-knit enclave of Breezy Point in Queens, New York, that was devastated by fires during Superstorm Sandy ... More East News Midwest Governor Vetoes Missouri Workers' Comp Database Bill Missouri Gov. Jay Nixon pointed to privacy concerns in vetoing a proposed online database that businesses could use to check a prospective ... Detroit Files Lawsuit Against 1 of Its Insurers Detroit has filed a lawsuit against an insurance company the city says is improperly withholding $11 million a month in casino payments and ... Ohio Couple Sentenced in Insurance Fraud Case Ohio Lieutenant Governor and Department of Insurance Director Mary Taylor announced that a department insurance fraud investigation ... More Midwest News Southeast Mississippi Online System Aims to Catch Uninsured Drivers A contractor projects that a system to instantly verify whether Mississippians have auto insurance would lead to fines of more than $150 ... Mississippi City's Pitbull Ban Faces Court Challenge A pet owner has filed a federal lawsuit challenging a central Mississippi city's ban on pit bull dogs. The city of Richland, a Jackson ... More Southeast News South Central Former Texas Insurance Agent Sentenced to 20 Years for Theft from Elderly A Harris County District Court has convicted Leon "Randy" Sinclair III, of Houston, of first-degree felony Misapplication of Fiduciary ... Louisiana Workers' Compensation Corp. Promotes Horton, Tucker Louisiana Workers' Compensation Corp. (LWCC) announced two new promotions: Jody Horton is now the special risk business unit manager, and ... Louisiana Plant Hit with New DEQ Compliance Orders After Explosion, Fire The Louisiana Department of Environmental Quality has issued two new compliance orders against Williams Olefins over air and potential ... More South Central News West Lawsuit Filed Over Utah Boy's Falling Tombstone Death The parents of a Lehi boy who was killed after a tombstone fell on him last year are suing the cemetery's association. According to a ... Couple Files Lawsuit Against County In Idaho A northern Idaho couple has filed a wrongful termination lawsuit against Kootenai County. The Coeur d'Alene Press reported that the lawsuit ... Drilling Health Lawsuit Revived In Colorado A judge has ruled that a western Colorado family can proceed with a lawsuit claiming oil and gas drilling activities contaminated their ... Investigators Hunt for Cause of Deadly San Francisco Plane Crash U.S. officials examined flight information recorders and began investigating the crash of an Asiana Airlines Boeing 777 that burst into ... More West News International Swiss Insurers May Be Next in U.S. Crackdown on Tax Evasion Swiss insurers are scrambling to defend themselves against possible investigations into billions of dollars of untaxed assets held by their ... Chinese Insurer Buying Lloyd's of London Building Ping An Insurance Group Co., China's second-largest life insurer, agreed to buy the Lloyd's of London building from a Commerz Real ... Swiss Re Estimates Europe Flood Claims at $300 Mn; Overall Losses $3.5-$4.5 Bn Swiss Re has estimated that its claims burden from recent flooding in central and Eastern Europe is approximately $300 million, net of ... Aon Benfield Impact Forecasting Launches Alberta Flood Model 'Footprint' Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, has launched a scenario model following the ... Lloyd's CEO Ward Stepping Down at Year End On July 3, Richard Ward, chief executive officer of Lloyd's, announced his intention to resign at the end this year. "This has not been an ... Five Dead, 40 Missing After Crude Oil Freight Train Explosion in Canada At least five people died and 40 were missing on Sunday after a runaway train carrying crude oil derailed and exploded in the center of a ... More International News Sponsored Content Research Shows Impact of Customer Engagement, click here to watch the video now! Sponsored by KBM Group. More Sponsored Content Join the Insurance Journal Network Insurance Journal TV Geneva Association's Secretary General John Fitzpatrick on Systemic Risks, Nat Cats, ILS and Cyber Risks The Geneva Association's studies and reports are now an important part of the dialogue between... Watch Now The Good and the Bad: Healthcare Reform and Medical Liability The Patient's Protection and Affordable Care Act (ACA) has very little to do with the medical... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums buying commercial lines leads... Posted: Mon Jul 8 -- Waste.of.money Big Dog Insurance agencies for sale ? Posted: Fri Jul 5 -- If you are looking for one in the NYC area, shoot me a PM. I have something for you. jameskshaffer non compete clause Posted: Fri Jul 5 -- Consult an attorney. They are your family, so it's a tricky situation. You still could run into some legal trouble if you signed a... jameskshaffer High Mod Residential Roofer - KS, Western Posted: Wed Jul 3 -- Not real big. The comp has been a little over $100,000 in premium. Halpert 1st Year as a Producer Stories Posted: Tue Jul 2 -- Thats good thanks for sharing manny79 National Agents Alliance? Legit or Keep Away? Posted: Tue Jul 2 -- I've been with NAA for about a year, but I knew what I was getting into when I joined. I don't buy a lot of leads, but I'm mostly in it for... 92builder Workers Comp (Ca) Auto Repair with large loss Posted: Mon Jul 1 -- Hi Paul, I may have a solution for you other than SCIF... gsaracho Question regarding my universal life insurance policy ! Posted: Sun Jun 30 -- Great responses. It's clear we've all seen this before. The problem I've seen with UL policies is that the client goes for that low premium... 92builder Go to Forums Reader Comments Lawyers Feast on 'Crazy' BP Gulf Oil Spill Claims Posted: Tue Jul 2 -- To: Big Brother - you listening to this? Sounds like actionable intelligence for disbarrment & prosecution for fraud. InsGuy Obama Administration Issues Contraceptive Rule For Faith-Based Employers Posted: Tue Jul 2 -- It looks like you have given Metric Ron plenty of metrics Sargeant. I am sure he will have some of his leftist metrics to try to refute your... Agent States Brace for Web Barrage When Obamacare Goes Live Oct. 1 Posted: Tue Jul 2 -- Hog Wash. Fear mongering. Devil Worshiping. Simon Girty Hobby Lobby Wins Round in Fight Against Contraceptive Coverage Posted: Wed Jul 3 -- It's actually cheaper, FFA. Libby Michigan Ban on Domestic Partner Benefits Blocked Posted: Mon Jul 1 -- Another mark in the 'W' column for the good guys. Way to go, Michigan! 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