Daily Headlines: Friday, December 6, 2013

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December 6, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National U.S. Insurance Broker Sector Outlook Positive for 2014: Fitch Revenue and earnings growth for U.S. insurance brokers in 2014 is expected to improve modestly over 2013, according to a report by Fitch ... Students' Concussion Suits Against NCAA, Unlike NFL Suits, Defy Grouping Ex-football players' head-trauma lawsuits against the National Collegiate Athletic Association, unlike National Football League cases ... Connectivity in Cars Raises Cyber Attack Questions: Senator A U.S. senator has asked 20 of the world's biggest automakers for information on how they secure their vehicles from cyber attacks, in ... National Interstate Launches Captive for Waste Haulers National Interstate Insurance Co. has formed a new group rental captive for waste haulers to complement its traditional insurance ... House Passes Bill to Curb Patent Lawsuits The U.S. House passed legislation to rein in some patent lawsuits that technology companies say could reduce the time they spend fighting ... 'Uncertainty the only Certainty' in Med Mal Market Post Healthcare Reform The Affordable Care Act has obviously changed the health and benefits insurance marketplace, but the medical malpractice industry has also... Hard Market Will Come--the Question is When, Swiss Re Says In its latest sigma report forecasting profits and premium growth for insurers over the next two years, Swiss Re says... More National News East New York Train Wreck Engineer Suspended Without Pay The engineer driving the speeding commuter train that derailed in New York City last weekend, killing four people, has been suspended ... AIA Supports Curbing Physician-Dispensed Medications in Penn. WC System The American Insurance Association (AIA) submitted a statement Wednesday to the Pennsylvania House Labor Committee, in support of state ... Pennsylvania Residents See Some Upgrades on Health Website The federal government's beleaguered health insurance website is better than it was, but still far from flawless, according to ... New York Insurers Predict Spike in Health Exchange Use Two start-up insurers in the New York health exchange, one promising unlimited telemedicine, say customer queries have beeno ... More East News Insurance Journal's 2014 Events Calendar will be published in our January 13, 2014 magazine, so it's going to be a valuable resource for readers who are planning to attend industry events. Submit your industry events for consideration! Midwest Trinity Risk Opens New Office in Kansas City Trinity Risk LLC, a program manager and wholesale broker specializing in owner operator lines of insurance, has opened a new office in ... Some Flood Insurance Rates to Rise in Kansas' Douglas County Some property owners in Douglas County, Kansas, could soon pay more for federal insurance. The federal government's decision to phase out ... Iowa Board Awards Millions for Flood Protection The Iowa Flood Mitigation Board has awarded millions of dollars for flood protection projects in Cedar Rapids, Dubuque and other Iowa ... Improvements Needed in Illinois' Disaster Response: Review A review has found several shortfalls in Illinois' readiness to respond to disasters and emergencies. The review concluded that there could ... FEMA Won't Require Additional Flood Insurance for U. of Iowa The University of Iowa says the Federal Emergency Management Agency will not require the school to purchase additional flood insurance ... More Midwest News Southeast Obama Product Safety Chief Tenenbaum Returns to South Carolina After four years in Washington as the nation's products safety czar, Inez Tenenbaum is coming home to the Columbia area, her life changed ... Florida Lawyer Found Guilty in $800M Insurance Fraud Scheme A South Florida attorney has been convicted for his role in an $800 million insurance fraud scheme involving investments in death benefits. ... Washington Navy Yard Shooting Victim's Family Files Suit in Florida The family of a woman slain during the mass shooting at the Washington Navy Yard is the first to file a lawsuit against the U.S. government ... More Southeast News South Central Proposal to Raise Gift Allowance from Lobbyists Raises Concern in Oklahoma A plan to increase by 500 percent the amount in meals and other gifts that a lobbyist can give to a legislator in Oklahoma each year is ... Wal-Mart Heiress Gets Texas DWI Arrest Expunged Alice Walton, the billionaire daughter of Wal-Mart Stores Inc. founder Sam Walton, has had a 2011 arrest in Texas for suspected drunken ... Texas Independent Insurance Agents, Wholesalers Team Up for Community Service The Independent Insurance Agents of Austin and the Texas Surplus Lines Association Inc. joined efforts in December to collect food and ... More South Central News West Los Angeles Sues Citi, Wells Fargo Over Discriminatory Lending The city of Los Angeles has filed a lawsuit against Citigroup and Wells Fargo, seeking damages for a loss in tax revenue due to ... Oregon City Sued For $2 Million Over Police Shooting The family of an 18-year-old who was shot and killed after brandishing a knife at two Medford, Ore. police officers has filed a $2 million ... Southwest Taps Zerarka in Arizona, Nevada Southwest Insurance Agents Alliance named Patrick Zerarka regional vice president of western Arizona and southern Nevada. Zerarka is ... More West News International Super Typhoon Haiyan Tops Impact Forecasting's November Cat Review The latest edition of Aon Benfield's Impact Forecasting Global Catastrophe Recap report for November highlights the havoc caused by Super ... Hurricane Strength Storm Xaver Slams UK, Northern Europe: AIR Analysis A report from catastrophe modeling firm AIR Worldwide notes that Winter Storm Xaver hit the north of Scotland last night, Thursday the 5th ... Willis to Launch Cyber ATLAS, a Cyber Security 'Toolkit' Willis Group Holdings announced that in response to a "stark warning from the UK government that cyber crime threat facing UK companies is ... PERILS Initial Loss Estimate for Windstorm Christian is $1.358 Billion PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, has issued its initial loss ... IAG Said to Consider Bidding for Wesfarmers Insurance Unit Insurance Australia Group Ltd., the nation's biggest car and home insurer, is studying a bid for Wesfarmers Ltd.'s insurance unit, ... Zurich Insurance Seeks Growth beyond Car Coverage in Germany Zurich Insurance Group AG's German unit, which sells auto insurance with the country's ADAC automobile club, plans to offer a wider range ... 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 Need WC for Gen Contractor in CA w/ lapse Posted: Thu Dec 5 -- Hi, Does anyone know of a WC Market for a CA- General Contractor with a lapse. Here are the deets: Currently lapsed since September Xmod:... EricCBIAIns Affordable Care Act: A Brief Explanation Posted: Thu Dec 5 -- Yes, there are a number of inaccuracies in here. And how exactly does the removal of lifetime limits lower costs? mrs dean wormer Help Finding Car Insurance Average Coverage Stats? Posted: Wed Dec 4 -- Have you tried the Insurance Information Institute (iii.org)? Or the NAIC also sells industry information. mrs dean wormer Trucking for hire with Losses Posted: Tue Dec 3 -- Try Progressive. jsjones51 NY Workers Comp For Concrete/Excavation Contractor Posted: Mon Dec 2 -- I'm looking for a market other then NYSIF to place this account. Payroll is over 100k and owner will give out payroll processing if he can... Nyr085 Alternative to hotels for displaced clientele Posted: Sun Dec 1 -- Hello, I'm new to this site, thanks for so many excellent comments on so many topics. Here's my question, hopefully someone can steer me in... icansolvetheproblem Illinois Midwest Work Comp- tool mfg 3099 Posted: Tue Nov 26 -- HI does anyone know where I can BOR a work comp policy for Illinois Midwest for a CA policy? The class code is 3099 tool mfg NOC and... pcbroker Parachute Rigger Insurance Posted: Tue Nov 26 -- Greatest answer ever given on this board!!! LOL! dgarzoli Go to Forums Reader Comments Obamacare's Small Business Exchange Site Delayed 1 Year Posted: Tue Dec 3 -- I don't take people disagreeing with me personally and don't know how you came to that conclusion. Hell I disagree with a majority of the... LiveFree California Woman Ticketed For Driving With Google Glasses Posted: Thu Dec 5 -- Here's the one time I hope there's tracking available on the hardware/software so they can definitively say if an application was or wasn't... Rosenblatt Coast Guard Has No Duty to Undertake Rescue Efforts, Court Ruless Posted: Mon Dec 2 -- Roger, I think you need to read the decision again, it clearly says the CG was engaged in other cases at the time. As a decision maker do... Retired CG Officer Buffalo Officials Ask Shop Owners to Get Liability Insurance for Holiday Lights Posted: Wed Dec 4 -- "Take out liability insurance of at least $1 million"? If the business owners have CGL coverage, that's all they need. This is incidental to... Harry Landers Tower Group to Cut 140 Jobs After Q2 Loss Due to Reserve Charges Posted: Mon Dec 2 -- Amen to that. If were among the 90% left, I'd be looking elsewhere pronto! 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