Daily Headlines: Tuesday, October 8, 2013

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October 8, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National BP, Government Spar Over How Much Oil Spilled Into Gulf Lawyers for BP Plc and the federal government sparred on Monday over the methods competing teams of scientists used to estimate the size of ... Tower Reviewing 'Strategic Options' After Reserve Shortfall Tower Group International Ltd. is reviewing a "range of strategic options" after the insurer determined it had to add $365 million to ... Supreme Court Shows Interest in Medical Device Liability Laws The U.S. Supreme Court expressed interest in Medtronic Inc.'s appeal in a lawsuit by a man who was rendered a paraplegic after surgeons ... Toyota Must Face Trial in Federal Sudden-Acceleration Case Toyota Motor Corp. must go to trial in federal court over a lawsuit blaming a Camry driver's accident and injuries on design defects in the ... Insurers Worried About Data From Federal Health Exchange Insurers are getting faulty and incomplete data from the new U.S.-run health exchange, which may mean some Americans won't be covered even ... NAMIC Names Hair New Federal Affairs Director John Hair, a veteran lobbyist with nearly eight years of experience, is joining the Washington, D.C., office of the National Association of ... Hanover Insurance Taps Hartford Exec to Lead Professional Liability Unit The Hanover Insurance Group Inc. has named Greg Leffard president of Hanover Professional Portfolio unit, responsible for the company's ... Berkshire Specialty Introduces Business Crisis Event Cost Coverage Berkshire Hathaway Specialty Insurance has introduced business crisis event cost coverage, which extends its casualty and healthcare lead ... Insurers: Product Recalls a 'Death Sentence' to Food Manufacturers, Coverage Demand Still Lags Food recalls are on the rise, but that isn't necessarily because food manufacturers are not meeting safety requirements and more food is... CFO Pay Change Outpaces Lags CEOs' for Non-Bank Financial Services Firms: BDO Analysis Chief financial officers of non-bank financial services firms saw lower percentage increases in compensation than chief... More National News East NYC Mayor Warns Government Shutdown Could Delay Aid for Sandy Victims A continuing federal government shutdown could delay distributing federal aid to Hurricane Sandy victims, New York City Mayor Michael ... USI Insurance Acquires Richard J. Princinsky & Associates in Maryland USI Insurance Services announced the closing of the acquisition of Richard J. Princinsky & Associates Inc., located in Hunt Valley, ... Rhode Island Lawmakers to Review Rising Sea Levels Rhode Island's state lawmakers plan to review the effects of climate change and rising sea levels are having on Rhode Island. The House ... New York Bans Fund Manager Falcone From Insurance Unit Hedge fund manager Philip Falcone, banned from the securities industry for five years by U.S. regulators, is also being banned for seven ... Home Insurer Narragansett Bay Expands Its Coastal Capacity in Mass., R.I. Pawtucket, R.I.-based home insurer Narragansett Bay Insurance Company (NBIC) said it is increasing its capacity for coastal homeowners ... More East News Midwest South Dakota Provides Guidance on Insurance Producer/Consultant Rules Due to the passage of SB 61 in the 2013 Legislature, which allows licensed producers to act as consultants, the South Dakota Division of ... Fire Damage Put in Millions at Kansas Packing Plant The damage from a recent fire at a south-central Kansas packing plant is estimated in the millions of dollars. Doug Mackay, director of ... Police: Bag on Missouri Clinic Roof Failed Try at Arson Investigators say they're looking into a failed arson attempt at a southwest Missouri Planned Parenthood clinic after a bag containing ... More Midwest News Southeast Florida Welcomes Era of Workers' Compensation Market Stability Florida's workers' compensation system has reached a rare state of rate stability, according to insurers and officials. The agency, the ... Kentucky City's Police Wear Video Cameras on Uniforms Officers with the Harlan City Police Department have a new accessory for their uniforms -- a mobile video camera. According to WYMT-TV, the ... Supreme Court Denies Appeal by Disbarred Mississippi Attorney Scruggs The Supreme Court won't hear an appeal from disbarred Mississippi attorney Richard "Dickie" Scruggs. The high court on Monday decided not ... Florida to Hear State Farm Rental Dwelling Rate Hike Bid Florida insurance officials will hold a public hearing tomorrow on State Farm Florida Insurance Co.'s proposed double-digit rate increase ... More Southeast News South Central BP Exposed Neighbors to Toxic Gases, Jury Told at Trial End BP Plc deliberately exposed neighbors of a Texas refinery to tons of cancer-causing gases and then misled regulators and community leaders ... Imperial Management Corp. Promotes 7 in Dallas Imperial Management Corp. announced a number of promotions in the company's Dallas office. Carrie Wilson has been named vice president of ... Oklahoma City-based Insurer Reenters Marketplace with New Capital Backing Oklahoma City-based BancInsure, a former provider of insurance to community banks that lost surplus as a result of the recent financial ... More South Central News West Idaho Parents Sue Football Helmet Company The family of a northern Idaho teenager who suffered a traumatic brain injury during a football game is suing the school district and the ... Montana Judge Explains Verdict Reversal in Insurance Case A U.S. District Court judge has explained why he vacated the fraud conviction of a former Miss Montana who was charged with misrepresenting ... USG Adds Campbell to California Office USG Insurance Services Inc., a national wholesaler and managing general agent, added Travis Campbell as a producer/broker based in San ... FEMA Extends Hotel Program For Colorado Flood Victims Federal emergency officials have extended a program that helps residents displaced by last month's flooding pay for hotel lodging. Bill ... Suit Over Doctor Abuse Goes to Trial in Oregon A trial has begun in The Dalles, Ore. in lawsuits brought by three victims of an anesthesiologist who sedated patients and colleagues and ... Wyoming Court Oks Phone Approvals For DUI Testing The Wyoming Supreme Court has endorsed a 2011 state law allowing judges to grant authority to police over the telephone to force motorists ... More West News International Swiss Re's Head of Casualty Jayne Plunkett Explains Why It's a 'Social Science' Jayne Plunkett, possibly the second most well-known person from Iowa after Bill Bryson, heads Swiss Re's International casualty reinsurance ... Iranian Trade with India Hit by Insurance Delay Sources Say Oil and container trade between India and Iran has been disrupted due to uncertainty over insurance cover, leaving some ships stranded ... AXA ART Joins Brazil's SulAmérica to Offer Art Insurance AXA ART announced that it has "joined forces with Brazil's largest independent insurer, SulAmérica, to offer art insurance products and ... Aon's P&I Club Review Highlights Market's Combined Ratio Deterioration Aon Risk Solutions, the global risk management business of Aon plc, has published its 2013 P&I Review, which "predicts P&I clubs' general ... Montpelier Re Sub Blue Capital Re Files for IPO Bermuda-based Montpelier Re Holdings Ltd. and its wholly owned subsidiary Blue Capital Reinsurance Holdings Ltd. have announced that Blue ... Munich Re Names Kaufmann Chief Risk Officer Munich Re announced the appointment of Bernhard Kaufmann (44) to the post of Group Chief Risk Officer, effective as of January 1, 2014. He ... Yu Joins Cooper Gay Asia to Develop Treaty Business in Hong Kong & China Cooper Gay Asia Pte Ltd, the Asian arm of the global reinsurance and wholesale broker Cooper Gay Swett and Crawford (CGSC), announced the ... Moody's: China's P/C Insurers to Benefit from Shanghai Free Trade Zone The new Shanghai free trade zone should benefit property/casualty insurers, particularly those in marine/cargo and liability insurance, ... More International News Join the Insurance Journal Network Insurance Journal TV Insurance Law, Regulation - Jim Wrynn Brings his Experience to the Private Sector James J Wrynn, Esq. served as New York's Superintendent of Insurance from 2009 to 2012, when... Watch Now Swiss Re's Chief Economist Sees GDP Growth Swiss Re's chief economist Kurt Karl sees some light at the end of the tunnel for the world's... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums New lead model question - could cost per sale work? Posted: Mon Oct 7 -- Trust me, Indexcos, You guys come up with a lead program that can be customized with certain filters generic to broad agency requirements... 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 Erie Insurance, feedback please. Posted: Fri Oct 4 -- We had a territory rep for Erie insurance make a surprise visit to our agency because of our page one ranking in Google. We turned down Erie... Pathwayinsurance 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 Travelers reducing commissions Posted: Wed Oct 2 -- It is interesting to see everyone's perspective on this. Some agents are of the opinion that the movie ending has already been determined,... lonestar Non-for-profit Volunteer Coverge Posted: Tue Oct 1 -- To yoyowordup: Automobile accident would go the the automobile carrier first for the volunteer, I think, unless something is in place for... des5500 Go to Forums Reader Comments Bill to Delay Flood Insurance Rate Hikes Stymied by Shutdown Politics Posted: Wed Oct 2 -- If these politicians feel so strongly about the rates, why don't they open their own flood insurance program with their OWN money and run... Baxtor 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 Toyota Claims Plaintiffs Fabricated Fatal Acceleration Theory Posted: Wed Oct 2 -- Then she should have bought a car with a brake over-ride system if they wanted one. That's like me saying my I'm suing over my TV as it... Baxtor Monsanto to Buy Weather Data Modeler, Farm Insurer Climate Corp. for $930 Million Posted: Wed Oct 2 -- "Corn has fallen 42 percent in the past year amid forecasts for a record crop in the U.S., the world's biggest grower. Modified corn seed... Always Amazed Florida Ban on Texting While Driving Now in Effect Posted: Wed Oct 2 -- My state made talking/texting while driving a primary offense this year. So far the law is pretty much ignored, based on what I've seen. I... wvagt Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue October 7, 2013 Professional Liability Directory; The Best Insurance Agencies to Work For; The Food Issue: Restaurants, Fast Food, Bars, Liquor Liability, Grocers, Food Trucks, Food Manufacturing & Product Recall 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 Litigation Management Specialist Outside Marketing Representative - WC Insurance Pricing Actuary - Actuarial Statistician Lead Reserving Actuary - Actuarial Statistician Have a job opening? List it on our Web site. How to Advertise For information about advertising on this newsletter and Insurance Journal magazines, contact Julie Tinney at (800) 897-9965 x148. 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