Daily Headlines: Friday, August 2, 2013

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August 2, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Will Obamacare Really Hurt Workers? A top U.S. healthcare official on Thursday challenged claims by Republican lawmakers that the country's healthcare reform law is causing ... AIG Reports 17% Increase in Profit; Issues First Dividend Since 2008 American International Group Inc. announced its first capital return since its 2008 bailout, through a dividend and share buyback, sending ... Why Scientists Are Causing Earthquakes Earthquakes never occur when needed so a team led by Johns Hopkins structural engineers is shaking up a building themselves in the name of ... Judge Dismisses Lawsuit Against Dodd-Frank by 11 States and Texas Bank A lawsuit by 11 states and a Texas bank challenging the Dodd-Frank law's financial regulation overhaul was dismissed by a federal judge. ... How Health Law Could Affect Medical Professional Liability The U.S. medical professional liability (MPL) market has been profitable in recent years but challenges await MPL insurers because an influx... Top 10 Workers Comp Writers Have Varying Results: Fitch A review of statutory underwriting results for the top 10 writers of workers compensation at year-end 2012 reveals... More National News East Penn. Insurance Department Collects $343K in Penalties, Fines in Q2 The Pennsylvania Insurance Department collected more than $343,000 in penalties and fines, as well as more than $73,000 in restitution ... AIG to Move Headquarters to Nearby Water Street in Lower Manhattan, NYC American International Group Inc., the insurer that reinstated a dividend yesterday, will move its headquarters to a building it owns at ... New York Aims to Spur $3B in Private Loans for Sandy Aid The state is taking actions aimed at generating more than $3 billion in private sector loans for Superstorm Sandy rebuilding, Gov. Andrew ... HUD OKs First Part of Rhode Island's Sandy Recovery Plan The U.S. Department of Housing and Urban Development has approved the first stage of Rhode Island's disaster recovery plan following ... More East News Midwest Illinois Man Repays Insurance Money With 4 Tons Of Coins A southern Illinois businessman has paid off part of a court-ordered legal settlement with nearly four tons of quarters packed into dozens ... Obama OKs Disaster Declaration for 10 Iowa Counties President Barack Obama has declared a major disaster exists in 10 eastern Iowa counties hit by storms and flooding in June. The White House ... Illinois Governor Announces $190 Million In Flood Help Gov. Pat Quinn says $190 million in federal grants and loans will be awarded to help Illinois residents and businesses in 35 counties ... More Midwest News Southeast South Carolina Governor Celebrates Police Dog Liability Law Gov. Nikki Haley traveled Upstate Thursday for a signing ceremony for a new South Carolina law giving police K-9 units some protection in ... $900K in Hazard Mitigation Funds Available in Alabama Residents in eight Alabama counties will have an opportunity to safeguard their homes from severe weather. Gov. Robert Bentley said ... More Southeast News South Central Hummel and Grove Join SWBC in Texas Linda Hummel and Andrew Grove have joined SWBC in San Antonio, Texas. Hummel, a healthcare industry veteran, joins SWBC as CEO of the ... Texas Business Indicted on Workers' Comp Fraud Charges A Travis County, Texas grand jury has indicted Mark Edward Helm and McClanahan Drywall Inc., of Emory, Texas, on workers' compensation ... $790K Grant Funds Evaluation of Sea Level Rise in Upper Texas Coast The Harte Research Institute for Gulf of Mexico Studies (HRI) at Texas A&M University-Corpus Christi has received a $790,000 grant from the ... Oklahoma Insurance Commissioner Hosts Recovery Roundup in Moore Central Oklahoma storm survivors still dealing with insurance issues are invited to a recovery assistance event hosted by the Oklahoma ... August is the Most Dangerous Month for Texas Workers August is the most dangerous month of the year when it comes to on-the-job injuries, according to an analysis of  claims data in Texas ... More South Central News West Colorado Clinic Reports Breach Of Privacy Rules A Denver-area spine clinic says it has fired an employee in its billing department who improperly emailed some patients' protected ... Starley Leavitt Insurance Taps Schenk in Idaho Chris Schenk has joined Starley Leavitt Insurance Agency in Twin Falls, Idaho. Schenk will focus on home and auto, life, health and ... XL Names McConico a Manager in California; Promotes Schlageter in West XL Group named Mark McConico as vice president and underwriting manager for XL's U.S. risk management group in Los Angeles. XL Group ... Lockton Names Squire Senior Vice President, COO in Colorado Lockton Denver named Brock Squire senior vice president and chief operating officer of its benefits practice. Brock is responsible for ... More West News International QBE Sets Aside 'Immediate Needs' Payouts for Spain Train Crash Victims Australian insurance group QBE said on Thursday it had set aside €2.75 million [$3.64 million) for the immediate needs of those affected ... Oil Explosion in Quebec Train Crash 'Abnormal' Says Investigator As investigators seek reasons for the deadly train crash in Lac-Megantic, Quebec, last month and the huge "abnormal" fire it caused, they ... RSA Posts Lower than Estimated Profit as Investments Decline RSA Insurance Group Plc, the U.K.'s biggest non-life insurer by market value, posted a 14 percent increase in first-half profit, missing ... UK's Miller Appoints Quy as Producer for Cyber Cover UK-based specialist insurance and reinsurance broker Miller Insurance Services LLP announced the appointment of Tom Quy, a specialist ... Ratings Recap: Patria Re, Arab Insurance, Provident Insurance (NZ) A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating of 'A-' (Excellent) and issuer ... More International News Join the Insurance Journal Network Insurance Journal TV From 3D Printing to Driverless Cars: Emerging Risks on the Horizon New technology is happening all the time, and with that comes new risks, says Graeme Newman,... Watch Now Oklahoma Opens Up to Captive Insurers Oklahoma this year will join the ranks of other states that aim to attract and keep captive... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Student Habitional Indiana Markets needed Posted: Thu Aug 1 -- I have an admitted market that will write them up to $30 mil per location and package it with the GL. Give me a call to discuss. Aaron R.... aasquith Which form to write D&O coverage on- opinion needed Posted: Thu Aug 1 -- Thank you Bill. Good advice. ALS Hotels in Ca Posted: Tue Jul 30 -- CIG californiadude Need comp in ca code 5474 painting Posted: Tue Jul 30 -- Have you tried Arrowhead General? californiadude comp in ca for unarmed security firm Posted: Mon Jul 29 -- Hi Trotter! We had to market a similar account, on a smaller scale last month and we were successful! The Workers Comp portion was difficult... pnik33 Why I believe in insurance agents Posted: Sat Jul 27 -- Why don't doctors and lawyers advertise with cheesy cartoon characters? Emma Go to Forums Reader Comments Dead Farmers Get Millions in Federal Crop Insurance Payouts Posted: Tue Jul 30 -- Now if the headline had been, "Dead Welfare and Food Stamp Recipients received Millions in Benefits," you know this article would be... Celtica Jury Awards Oregon Woman $18.6M Over Credit Report Posted: Mon Jul 29 -- Well deserved- the punitive verdict is necessary to act as a deterrent- Federal Law Mandated corrective action which obviously was ignored... Jack Straw U.S. Court Rejects Firm's Challenge to Obamacare Contraception Mandate Posted: Wed Jul 31 -- Oh. My. God. Are you SERIOUSLY saying that MEN have had it worse over the years, than women? And that it's WOMEN'S FAULT??? And you're... BS Ralph Nader Planning Tort Law Museum Posted: Thu Aug 1 -- Speaking of gas cans, here's a great real claim. Daddy is out mowing the lawn one day. Four year old junior sees him. Daddy runs out of gas... Dave Halliburton Pleads Guilty to Destroying Gulf Oil Spill Evidence Posted: Mon Jul 29 -- Trashy? Trash talk, maybe. But that doesn't mean it ain't true, Bob! 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