Daily Headlines: Monday, December 9, 2013

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December 9, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Group Health Plans Pay for 'Zero-Cost' Workers' Compensation Claims: Study Workers' compensation claims that result in no payment lead to millions of dollars in increased costs for employee group insurance plans, ... Judge Blocks BP Investors from Suing as Group Over Losses BP Plc's U.S. investors can't pursue as a group claims that the company inflated its shares with misleading statements before and after the ... Glass-Steagall Firewall Could Return If Volcker Rule Disappoints Five U.S. agencies will finish the Volcker rule tomorrow after more than three years of Wall Street resistance to its limits on trading and ... Allstate Picks ING to Sell Fixed Annuities to Its Home, Auto Customers U.S. Inc. will begin selling fixed annuities through Allstate Corp. agencies as the largest publicly traded U.S. auto and home insurer ... Marsh Appoints Bentley As President of U.S., Canada Marsh has named Robert Bentley as president of its U.S. and Canada Division. Bentley will be responsible for the oversight of the division, ... Ex-Texas, South Carolina Regulator Kitzman Joins Starr Insurance as VP Starr Companies said it has appointed Eleanor Kitzman as vice president of Starr Insurance Holdings Inc. Kitzman will have regulatory, ... Dietary Supplement Makers: A New Measure of Risk It's nearly impossible to pass a grocery or convenience store counter without coming face-to-face with some type of dietary supplement.... Insurers Rank Top 10 Extreme Risks; Global Pandemic is No. 1 Global insurance industry executives rank global pandemic, large-scale natural catastrophe and a food/water/energy... More National News East After Derailment, Feds Order Changes at New York Railway U.S. transportation officials ordered the Metro-North Railroad last Friday to quickly overhaul its signal system and temporarily put an ... Virginia SCC Approves Revisions to Workers' Comp Premium Levels Virginia's State Corporation Commission (SCC) last week approved revisions to the premium levels charged for the state's workers' ... NCCI Proposes Increase for Workers' Comp Loss Costs in Rhode Island The National Council on Compensation Insurance (NCCI) recently delivered a workers' compensation loss cost filing to the Rhode Island ... Maryland the 3rd State to See Health Insurance Exchange Director Go Fourteen states and the District of Columbia told the federal government they could run their own health insurance exchanges, but three ... New York Train Wreck Could Be Case of Highway Hypnosis It's sometimes called highway hypnosis or white-line fever, and it's familiar to anyone who has driven long distances along a monotonous ... Utica National in New York Announces 2 Executive Changes New Hartford, N.Y.-based Utica National Insurance Group announced two changes in the executive leadership team. Brian Lytwynec was named 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 been rising rapidly ... More East News Midwest Iowa Insurer Pokes Fun at Federal Website in Ads The television ads produced by a Midwest insurance company show a series of medical mishaps: a man kicking the wrong leg in a reflex check, ... Costs per Workers' Comp Claims in Michigan Low Prior to 2011 Reforms The total costs for a workers' compensation claim in Michigan were low compared with other states according to a recent study by the ... Ohio Ex-Pharmacist Sentenced for $2.1M Insurance Fraud Ohio officials say a former pharmacist convicted in a $2.1 million health care fraud scheme has been sentenced to 4 1/2 years in prison. ... Family of Minnesota Man Who Died in Workplace Fall Sues The family of a worker who died in a fall at a grain facility in Buffalo Lake, Minn., has filed a wrongful death lawsuit. Andrew Burnett, ... More Midwest News Southeast Memphis Firefighters Miss Call, Trapped in Station Due to Power Outage The Memphis Fire Department has inspected bay doors at all its stations after firefighters missed calls because they were trapped inside ... Florida Arrests 9 Contractors on Workers' Compensation Charges Florida CFO Jeff Atwater announced the arrests of nine men as a result of a two-day undercover operation in Manatee County focusing on ... Bushey Succeeds Powers As President of Carolina Casualty W. R. Berkley Corp. has named Gerald B. Bushey as president of its subsidiary, Carolina Casualty Insurance Group. Bushey succeeds Douglas ... More Southeast News South Central Magnitude-4.5 Earthquake Rattles Central Oklahoma A magnitude-4.5 earthquake in central Oklahoma shook residents on Dec. 7,  just weeks after the two-year anniversary of the strongest ... Texas to Workers' Comp Carriers: Direction of Care for Pharmacy Services Prohibited The Texas Department of Insurance Division of Workers' Compensation has sent a reminder to Texas workers' compensation system participants ... Aspen US Insurance Opens Houston Office   Aspen US Insurance (Aspen) announced it has opened a new office in Houston to capitalize on the shale energy boom and evolving ... More South Central News West Equity Names Four Executives in California Equity Risk Partners named four insurance industry executives to its team in California, while also establishing the firm's physical ... California Business Owner To Pay Millions For Workers' Comp Fraud Richard Lopez Escamilla Jr., 47, was sentenced in Kings County Superior Court in California on Dec.4 to one felony count of insurance fraud ... Washington Victim Of Botched Laser Surgery To Get $30M A jury has recently awarded an additional $18 million to a woman whose botched surgery at a Wenatchee, Wash. hospital left her unable to ... Los Angeles City Attorney Sues Bank Of America Over Lending The Los Angeles city attorney is suing Bank of America for mortgage discrimination it claims led to a wave of foreclosures that cost the ... Ascension Names Merrill Senior Vice President in California Walnut Creek, Calif.-based Ascension Insurance Inc. named Greg Merrill senior vice president of operations for the Fresno office of ... More West News International WTO Overcomes Last Minute Hitch to Reach First Global Trade Deal The World Trade Organization reached its first ever trade reform deal on Saturday to the roar of approval from nearly 160 ministers who had ... QBE Shares Drop Most in 12 Years on Unexpected U.S. Loss Forecast QBE Insurance Group Ltd., Australia's second-largest insurer by market value, plunged the most in 12 years after forecasting an unexpected ... ANV, Ryan Specialty Complete Managing Agency Combination ANV Holdings BV, the Dutch-headquartered specialty insurance business founded by CEO R. Matthew Fairfield, and Ryan Specialty Group, LLC ... Ratings Recap: TATIL, West of England Ship, M&C General A.M. Best Co. has affirmed the financial strength rating of 'A-' (Excellent) and issuer credit rating of "a-" of Trinidad & Tobago ... 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 Question on estimating a business value Posted: Sun Dec 8 -- Hello everybody, I have a quick question regarding business valuation. Does anybody have experience or preference with a valuation tool that... mlwhite79 allstate office in upstate ny Posted: Sun Dec 8 -- gms, you are wise to 2nd guess this "opportunity". I don't know about selling Allstate insurance in NY, as my 14 years of exerience is based... lonestar Trucking for hire with Losses Posted: Fri Dec 6 -- FYI_Progressive has a 500 mile radius restriction. No long haul. Miguelito errors and omision Posted: Fri Dec 6 -- I currently have a errors and omission that requires a 10,000 retention fee. It is currently with marsh insurance. I am looking for a... justinarabo 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 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 Go to Forums Reader Comments 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 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 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 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 Lawsuits Challenging Obamacare Cite Religion, Tax Issues Posted: Thu Dec 5 -- FFA, The attorney's in today's society are operating in the most litegious society in the history of the world. Plaintiff's, defendants,... 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