Friday, October 11, 2013

Daily Headlines: Friday, October 11, 2013

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Insurance Journal Daily Headlines
October 11, 2013
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Today's Headlines

National

Environmental Group Slams Federal Crop Insurance 'Windfall' Option

An insurance provision in the U.S. farm bills proposed by the House and Senate could have corn, soybean, and wheat farmers making more ...

Time Running Out to Fix Obamacare Glitches: Experts

The Obama administration has a little over a month to fix the technology problems crippling its online health insurance marketplace, or ...

What's Happening in Agency E&O? Take This Survey to Find Out

Insurance Journal is again on the search to find out what's happening in the agency errors and omissions (E&O) environment. We invite you ...

Defective Drywall: Chinese Maker Questions Ruling

A Chinese drywall manufacturer asked a federal appeals court on Oct. 9 to overturn a judge's ruling that U.S. courts have jurisdiction over ...

Norman-Spencer Agency Expands Crane Program

Norman-Spencer Agency, Inc., a national insurance provider and program administrator, has made changes to its crane & boom truck program, ...

AIG Sued by Small Businesses Over Workers' Compensation Reporting

Class action lawsuits in federal courts on both coasts have been initiated on behalf of small businesses in California, New York and New ...

Sanders to Succeed Latham as President of Markel Wholesale

John Latham is stepping down as president of Markel Wholesale effective Dec. 31, 2013 and will be succeeded by Bryan Sanders, who currently ...

From MyNewMarkets.com Is There Coverage for Losses Stemming From Government Shutdown or Default?

At the time of this writing, the federal government is in a partial shutdown. Essential functions are operating, but certain areas such as...
Carrier Management

A Win-Win for Government and Insurers: Partnering for Security

Despite the government shutdown, sometimes government gets it right. Recently, government appeared to truly appreciate...
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East

Judge Temporarily Halts New York AG Suit Against Greenberg

Former American International Group (AIG) Chief Executive Maurice "Hank" Greenberg on Thursday won a short reprieve from New York's case ...

Vermont Celebrates 1,000th Licensed Captive Insurance Company

Vermont Gov. Peter Shumlin and other state officials announced Thursday that the state's Department of Financial Regulation (DFR) has ...

IICF Teams Up With Sesame Street to Promote Early Childhood Literacy

Research shows that prior to starting school, children from high-income families benefit from 400 hours more literacy-related activities ...

MEMIC to Issue $16M in Dividends to Maine Policyholders

Workers' compensation insurer The MEMIC Group announced this week that policyholders of its Maine-based company, Maine Employers' Mutual ...

Connecticut Police Use New Law to Target Distracted Driving

Connecticut Police are cracking down on motorists who text or use a hand-held cellphone while driving. Authorities call it ...
Workers Comp Training Pack from Academy of Insurance
Midwest

20 Tornadoes Recorded in Illinois so Far This Year

Illinois has received only a third of the number of tornadoes typically recorded over the course of a year, weather officials said. The ...

Dovetail Insurance Offering NetComp to Small Businesses in Arkansas, Iowa, Kansas

Dovetail Insurance announced it is now offering its NetComp workers' compensation insurance to small businesses in Arkansas, Iowa and ...

Hylant Names Dills Executive VP of Talent Management

Hylant, one of the nation's largest privately owned insurance brokerage firms, appointed Matthew Dills as executive vice president of ...
Southeast

With Rate Hikes Looming, Florida Weighs Private Flood Insurance Options

With thousands of Florida homeowners facing significant increases in their federal flood insurance premiums, state lawmakers are ...

Florida Supreme Court to Review Wrongful Death Award

The Florida Supreme Court has agreed to hear an appeal of the reduction of the monetary award in the wrongful death lawsuit brought by the ...

PwC Names Managing Director for Forensic Services Practice in Atlanta

Consulting firm PwC US announced that Alice V. Edwards has joined the firm as managing director for the Forensic Services practice in the ...

Patriot National Appoints VP of Enterprise Data Architecture in Florida

Patriot National Insurance Group Inc., a workers' compensation insurer based in Fort Lauderdale, Fla., promoted Anat Veader to vice ...
South Central

Insurance Group Hands Out 2,000 Smoke Alarms in Texas

The Insurance Council of Texas (ICT) distributed 2,000 smoke alarms to firefighters in every corner of the state this month in honor of ...

Feds Seek Stay in Lawsuit over Exxon Arkansas Oil Spill

Federal prosecutors in Arkansas asked a judge to stay proceedings in their lawsuit against ExxonMobil Pipeline Co. because of the federal ...

Traffic Fatalities Down in Oklahoma

Through Oct. 7, Oklahoma recorded 491 traffic fatalities for 2013. The state was at 539 deaths at the same point last year. The Oklahoma ...
West

Number of Homes at Risk of Wildfire in Western States Jumps 62%: CoreLogic

The number of homes at risk from wildfires in western U.S. states jumped 62 percent in the past year as more properties were developed in ...

California Jury Gives Toyota Win in First Acceleration Case

A jury in California on Thursday found Toyota Motor Corp. not liable in one of the first wrongful death lawsuits to go to trial in the ...

Montana Bar Sued Over DUI Death

The estate of a  Montana woman who died in a drunken driving crash is suing an East Helena bar, alleging bartenders continued to serve ...

Oregon Man Injured In Dunes ATV Ride Files Suit

A man injured during an all-terrain vehicle ride in the Oregon dunes has sued a Eugene company, alleging it dug up a trail and did not warn ...

Family: Vail Misled Officials About Fatal Slide

The family of a teen killed in an avalanche at Vail Mountain last year says there is "substantial evidence" that employees have given ...
International

Tens of Thousands Flee Vast Cyclone Phailin Bearing Down on India

Tens of thousands fled their homes in coastal areas of eastern India and moved to shelters on Friday, bracing for the fiercest cyclone to ...

China to Allow Foreign Investors to Use Yuan in Financial Sectors

China's central bank will allow foreign businesses to invest in domestic financial firms using offshore yuan funding, it said on Thursday, ...

MGAA Appoints Staddon as First Managing Director

The London-based Managing General Agents' Association (MGAA) announced the appointment of Peter Staddon as its first managing director, ...

Best Europe Affirms SCOR and Main Subs Ratings; Outlook Stable

A.M. Best Europe - Rating Services Limited has affirmed the financial strength rating (FSR) of 'A' (Excellent) and issuer credit ratings ...

Best Affirms China Re and Subs Ratings; Outlook Stable

A.M. Best Co. has affirmed the financial strength rating of 'A' (Excellent) and issuer credit ratings of "a" of China Reinsurance (Group) ...

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New Discussions in the Forums

How to file for long term care insurance claim?
Posted: Thu Oct 10 -- Filing for long term care insurance claim is easy as long as you stick to the process. The first thing you need to do is to review your... racheljames
Travelers reducing commissions
Posted: Wed Oct 9 -- Regionals = better service, better relationship, actual underwriting, comparable or better coverage forms!! ~~ Cincinnati Insurance ~~... yoyowordup
Erie Insurance, feedback please.
Posted: Wed Oct 9 -- They called on me several years ago. They definitely consider themselves on the Independent side, but want to be #1 in the agency. I can't... gforaker
New lead model question - could cost per sale work?
Posted: Wed Oct 9 -- A big challenge for you is the current fractured and changing face of the small to mid sized retail insurance agency. The sun is setting on... d's insurance store
What Would Your Veteran Self, Tell Your Newbie Self...
Posted: Fri Oct 4 -- Do: Shut up and let the client talk. Do: Be an advisor. People who don't work in the insurance industry know little or nothing about... sillyphil
Peer-to-Peer Website & Self-Insuring Users
Posted: Fri Oct 4 -- I wouldn't lose hope just yet. If RelayRides can find an insurance solution for peer to peer car rentals, there may be an opportunity to... SteveD
Declination Statement - Earthquake Coverage
Posted: Fri Oct 4 -- Great info p&csme! This is exactly the type of input I was hoping for! I should have items 1 & 2 wrapped up. I know I didn't share a copy of... sgoebel
Exotic car, bad driver!!
Posted: Fri Oct 4 -- 1.5 mil?? What type of car? ABMCalifornia
Peer-2-Peer Musical Instrument Rental Insurance (SV Startup)
Posted: Thu Oct 3 -- Sorry but your plan will only work if you get an insurance license. There is not enough commission to earn by a... tobytobitobe

Reader Comments

Hole-In-One Golf Insurer: Guilty To 3 Felonies in Washington
Posted: Mon Oct 7 -- Hmmmm. Four months in the slammer. Wonder if this dude's gonna get a hole in one. reality bites
2nd Arson Attempt at Missouri Planned Parenthood
Posted: Wed Oct 9 -- Like I said yesterday when the first attempt was reported: Pro-Choice or Right To Life views aside, cowardly acts like this fall under what... Scott
Police: Bag on Missouri Clinic Roof Failed Try at Arson
Posted: Tue Oct 8 -- Pro-Choice or Right To Life views aside, cowardly acts like this fall under what could be called the American Taliban, and if/when they... Scott
Michael Jackson Wrongful Death Case to Change Tune for Entertainment Insurance
Posted: Mon Oct 7 -- If only all of you knew a thing about what you spew out there. While not being a great Michael Jackson fan, I happen to know he was never... Libby
Early Snow Kills Thousands of Cattle in South Dakota
Posted: Wed Oct 9 -- Although many of the ranchers probably have blizzard coverage on their insurance policies their animals are often like part of the family;... Knowall

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