Daily Headlines: Thursday, November 14, 2013

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November 14, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National House Passes Bill Requiring Reporting by Asbestos Victims' Trusts Honeywell International Inc., whose political action committee donates more money than any other corporate PAC, and the U.S. Chamber of ... Fairholme Offers to Buy Fannie Mae, Freddie Mac Mortgage Insurance Business Fairholme Capital Management has proposed to buy the insurance businesses of Fannie Mae and Freddie Mac, a move that seeks to resolve the ... Senate Joins House in Passing Compounding Pharmacy Oversight Bill The Senate voted Tuesday to advance a bill designed to tighten government oversight of pharmacies that custom-mix prescription drugs, in ... Investors to Double Catastrophe Bonds by 2018: BNY Mellon The amount of insurance-linked securities outstanding may reach $150 billion by the end of 2018 as institutional investors including ... GMI, James Cayias Insurance to Offer Insurance for Professional Pilot Cars GMI Insurance, a managing general agency specializing in commercial transportation exposures, has formed an exclusive partnership with ... Low Obamacare Enrollment Figures Add to Pressure on White House About 106,000 people signed up for insurance coverage nationally under President Barack Obama's healthcare law during October, the ... White House Willing to Consider Fix to Stop Health Policy Cancellations The Obama administration today indicated it was willing to consider Democratic legislation to halt some of the hundreds of thousands of ... J&J Reaches $4 Billion Settlement of Hip-Implant Suits: Sources Johnson & Johnson will pay more than $4 billion to resolve thousands of lawsuits over its recalled hip implants in the largest settlement ... AIG Using Science to Define 'Broker Quality Index,' Not Following Market: Benmosche Property/casualty insurance brokers who aren't diligent about the accounts they're presenting to American International Group risk being... Tower Restating Prior Financials; 'Going Concern' Status in Doubt Tower Group International Ltd. announced Thursday that it is restating previously filed audited annual consolidated... More National News East Lenders Miss Chance as U.S. High Court Housing-Bias Case Settles The settlement of a New Jersey housing-bias lawsuit scuttles a U.S. Supreme Court showdown that might have shielded lenders from ... New York's Broome County Forms Task Force to Fight Workers' Comp Fraud Officials from New York State's Broome County unveiled a new initiative to crack down on workers' compensation fraud. Broome County ... WCRI: Workers' Compensation Costs Per Claim Moderating in Pennsylvania The costs per workers' compensation claim in Pennsylvania are moderating, following years of steady growth in previous years, according to ... Virginia Farm Bureau Mutual Insurance Names Executive Vice President Darlene Price Wells has been named executive vice president and general manager of the Virginia Farm Bureau Mutual Insurance and CEO of ... New Jersey Criticized for Holding onto Storm Housing Aid New Jersey officials say they have distributed just over one-third of the federal aid allocated for housing help after Superstorm Sandy. ... More East News Midwest Wyoming Event Raises $56,000 For Blizzard-Hit South Dakota Ranchers An auction in Gillette, Wyo. raised $56,000 for ranchers in South Dakota who lost nearly 20,000 head of cattle in a blizzard last month. ... Missouri Diocese Not Liable In Priest Abuse Civil Case The Catholic Diocese of Kansas City-St. Joseph cannot be held liable for the actions of a priest accused of abusing a boy off church ... North Dakota Commission Oks Spending For Disaster Recoveries The North Dakota Emergency Commission has approved spending requests for weather-related disasters this year. The Bismarck Tribune reported ... More Midwest News Southeast Wrongful Death Suit Filed Against Florida Powerboat Race Organizer A wrongful death lawsuit has been filed against the organizer of a championship offshore powerboat race in Key West, where three racers ... Asheville, North Carolina Approves Guns on Playgrounds Per State Law Asheville City Council has approved an ordinance to allow people with concealed weapons permits to carry guns at city playgrounds. The move ... More Southeast News South Central 2 Louisiana Parishes File Suits Against Oil Companies Two southeast Louisiana parishes filed multiple lawsuits against numerous oil and gas companies, claiming they failed to restore damage ... New Oklahoma Law Allows Seizure Of License Plates Law enforcement officers in Oklahoma will soon have the option to seize license plates from uninsured drivers and assign temporary ... More South Central News West Leavitt Group Purchases Golf Insurance Services in California The Northern California office of the Leavitt Group has purchased Golf Insurance Services from George Peterson Insurance Agency. Golf ... Settlement Reached In Montana School Abuse Case Great Falls Public Schools in Montana has reached a $595,000 settlement in a lawsuit filed by the families of seven special needs students ... Oregon Toddler's Family Sues Complex Over Abuse Attorneys representing the family of a 3-year-old girl have filed a multi-million lawsuit against the owners and managers of a suburban ... Capital Insurance Group Launches EPL Coverage for Employers, Small Businesses Capital Insurance Group (CIG), a regional property and casualty insurer serving the Western U.S., has released a comprehensive employment ... More West News International European Officials Reach Deal on Solvency II Insurance Rules European politicians reached an agreement paving the way for new rules designed to make insurance companies safer after 13 years of ... European Insurers Welcome Deal on Solvency II Capital Rules European insurers breathed a sigh of relief on Thursday that a deal on new capital requirements was less burdensome than initially feared, ... Canada Delays New Life Insurer Capital, Transparency Standards Until 2018 Canadian insurance companies including Manulife Financial Corp. and Sun Life Financial Inc. will have three more years to comply with new ... Obamacare Banking on Enrollment Surge Near Deadlines Almost 1 million people who applied for health care on the government insurance exchanges last month left without choosing a plan, a ... CGSC Holdings Brasil Names Carlos Reis as Commercial Director Wholesale insurance and reinsurance broker Cooper Gay Swett & Crawford (CGSC) has appointed Carlos Reis as commercial director of CGSC ... 2013 Ranked Seventh Hottest Year with More Warming Expected: WMO This year is the seventh warmest since records began in 1850 with a trend to weather extremes and the impact of storms such as Typhoon ... More International News Join the Insurance Journal Network Insurance Journal TV Markets in Motion - Sports & Entertainment Venue The 650,000 square foot Honda Event Center in Anaheim, Calif. holds thousands of people at any... Watch Now A World With or Without TRIA Since the creation of the federal terrorism reinsurance program in 2002 until now the market... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums How expensive is long term care insurance? Posted: Thu Nov 14 -- It's true that long term care insurance rates com with a high price tag. Based from this... racheljames Please Help! Moving from Virginia to North Carolina Posted: Thu Nov 14 -- Hi all, I currently held a Virginia P&C license and thinking about moving to North Carolina. Can I keep my Virginia P&C license active as... Helenhsu45 Free CE Classes in Martinsville and Danville, VA Posted: Wed Nov 13 -- Not sure of any free CE in your area but IRMI has some great pricing for their online CE classes. You can take... Helenhsu45 "Independent contractor" covered under "employer's" GL? Posted: Wed Nov 13 -- I'm trying to determine if a person would be covered under the GL of his "employer". We have a homeowner's association, and one of the... rcenters Georgia and Mississippi WC Exemption question Posted: Wed Nov 13 -- Thanks! I wondered if it was something ambiguous like that! rcenters Exotic car, bad driver!! Posted: Wed Nov 13 -- I'm really interested in knowing what car you're talking about since it's worth 1.5million! PMG Agency "On-Loan" Fine Art Posted: Wed Nov 13 -- I'm not sure why this is a problem. Have you been turned down by the retail shop's package policy carrier? Unless the fine artwork is... yoyowordup Travelers reducing commissions Posted: Tue Nov 12 -- I can remember when national companies treated their agents like the regionals do now. Back then they really acted like they valued the... Long Island agent Erie Insurance, feedback please. Posted: Tue Nov 12 -- I've been in the insurance business for a long time; 39 years, 38 years in the agency side, and 30 years as an agency owner. One important... Long Island agent Go to Forums Reader Comments Senate Expected to Pass Gay Workplace Rights Bill Opposed by House Posted: Thu Nov 7 -- So what!?!?!? What are you saying? That white males should take priority over everyone else? I'm a white male and I'm all for employers... insurance is fun! Clinton, Democrats Pressure White House to Amend Healthcare Law Posted: Wed Nov 13 -- Am I the only one absolutely shocked that at 9:54 AM there are not at least 300 comments on this article??? ralph Older Drivers Catching Up with Younger in Distracted Driving: Survey Posted: Tue Nov 12 -- Welcome to the "Me, Myself, and I" culture. Here is some recommended advice. Rule One -- Put your phone in the glove box before you start... ExciteBiker Pennsylvania Diocese: Birth Control Mandate 'Historic' Posted: Thu Nov 7 -- The church seems to know a little bit about the use of invisible ink. insurance is fun! Travelers Cancels ExlService Outsourcing Contract, Citing Confidentiality Breach Posted: Mon Nov 11 -- Good, now hire back all the us employees you just laid off!!! 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