Thursday, January 3, 2013

Daily Headlines: Thursday, January 3, 2013

Insurance Journal Daily Headlines
January 3, 2013
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Flood Insurance Funds Will Run Out Jan. 7 Without Congress OK: FEMA

The Federal Emergency Management Agency (FEMA), which administers the National Flood Insurance Program (NFIP), has notified Congress that ...

Attorney Behind $43M Award for Ohio Agent Against Nationwide Insurance to File Class Action

An Ohio law firm that represented a former Nationwide Insurance agent for a $42.8 million jury verdict is getting ready to file a class ...

The Hartford Completes Sales of Retirement Plans, Individual Life and New Annuity Units

The Hartford said it has completed the sales of three businesses, closing on agreements for the sale of Retirement Plans to Massachusetts ...

Fidelity National Financial Buys Health Insurance Broker Digital Insurance

Florida-based title insurer and financial services firm Fidelity National Financial Inc. has acquired Digital Insurance Inc., a health ...

Philadelphia Launches Coverage for Restoration Contractors

Philadelphia Insurance Cos. (PHLY) a property/casualty and professional liability insurance company for niche markets, has launched ...

House to Vote on Flood Insurance Funds on Friday; Sandy Aid Later

Under fire from fellow Republicans from Sandy-stricken New York and New Jersey, House Speaker John Boehner, R-Ohio, today agreed to hold ...

From MyNewMarkets.com 6 Things for Independent Agents to Worry About in 2013

The 100-plus year-old independent agency distribution system is expanding, according to Future One's 2012 Agency Universe Study. The...
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East

Pennsylvania Governor Announces Lawsuit vs. NCAA Over Penn State Scandal

Pennsylvania Governor Tom Corbett said on Wednesday he will ask a federal court to throw out the multimillion-dollar sanctions levied by ...

Aon Risk Solutions Names Senior Consultant in Pittsburgh Office

Aon Risk Solutions, the global risk management business of Aon plc, recently announced the addition of Emily Oborski as senior consultant ...

Kobylowski Confirmed as N.J. Commissioner of Banking and Insurance

Kenneth Kobylowski, who has been serving as acting commissioner of New Jersey Banking at the Department of Banking of Insurance for the ...

XL Group Appoints Northeast Manager for North America Property Team

XL Group plc's North America property business appointed Joseph Moylan as its Northeast regional manager. Based in New York, Moylan will ...

In N.J. Pet Sitter Lawsuit, Debate Over 'Independent Contractor' Status

A recent court ruling in New Jersey focused on the question of whether a plaintiff who was bitten by a dog while working as a part-time pet ...
Midwest

Fargo, North Dakota DUIs Down Nearly 10% in 2012

Drunken driving arrests in North Dakota's largest city dropped nearly 10 percent last year after a record 2011. Preliminary data show ...

Kalmer Named to Leadership Post at Missouri Insurance Department

Emily Kalmer has been named legislative affairs counsel for the Insurance, Finance and Credit Unions Divisions at the Missouri Department ...

National Interstate Launches New Fuel Distribution Insurance Program

National Interstate Insurance Co., a Richfield, Ohio-based provider of transportation insurance, announced that effective Jan. 1, 2013, it ...

The Griffith Foundation Awards $22K-Plus in Scholarships

The Griffith Insurance Education Foundation, based in Columbus, Ohio, awarded $22,750 in scholarships to 22 students at six colleges and ...
Southeast

Even Without Big Storms, Florida Property Insurance Costs Rise

Marco Tarafa was stunned to find that his homeowners' policy is increasing by nearly $1,000 a year  --all because inspectors couldn't get ...

Confie Seguros Buys 3 More Florida Brokerages

Hispanic market-focused insurance agency network Confie Seguros said it has acquired three insurance brokerages in Florida that will ...

Road Deaths Rose in South Carolina for Second Year

More people died on South Carolina roads in 2012 than the previous year, the second year in a row the state saw a year-over-year increase. ...

Kentucky Highway Death Toll Up from 2011

Kentucky's highway death toll in 2012 was running slightly ahead of last year's pace and the state's top transportation official this week ...
South Central

Texas Surplus Lines Premium Exceeded $4 Billion in 2012

Premium on policies reported to the Surplus Lines Stamping Office of Texas in 2012 totaled more than $4 billion, a record volume SLSOT ...

Hub International Acquires Oklahoma Independent Agency, CFR

Hub International Limited (Hub) has acquired CFR Inc. (CFR), a Tulsa, Okla.-based insurance brokerage firm. Terms of the acquisition were ...

Bangs, Stiltner Promoted by Louisiana Workers' Compensation Corp.

Louisiana Workers' Compensation Corporation (LWCC) has promoted William B. Bangs IV to senior vice president of Policyholder Services and ...

Oklahoma Agent Joins InVEST Board

InVEST, the insurance industry career education program, announced that Denise Johnson has joined its national board. Johnson is vice ...
West

5 Idaho Inmates Sue Beer Companies Seeking $1 Billion in Damages

Five inmates at the Idaho State Correctional Institution south of Boise are suing a handful of major beer and wine companies, contending ...

No Leak Seen At Stranded Oil Drill Ship in Arctic

No leak has been seen from a Shell oil drilling ship that grounded off an Alaska island during a storm, officials said, as opponents ...

USI Acquires Wick Pilcher in Arizona

USI Insurance Services acquired Phoenix, Ariz.-based Wick Pilcher Insurance Inc. Terms of the deal were not disclosed. Wick Pilcher ...

4,400 Arrested In Arizona Over Holidays On Suspicion Of DUI

Authorities say nearly 4,400 people have been arrested in Arizona on suspicion of driving under the influence between Thanksgiving and New ...

New Mexico Police Say Smartphones Spread Word On DUI Stops

Albuquerque, N.M. police say some motorists - including some planning to drive drunk - now use their smartphones to avoid sobriety ...
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International

Munich Re 2012 Cat Report Underscores Extreme Weather in U.S.; Sandy Losses

The figures for natural catastrophse that occurred in 2012 are "dominated by weather extremes in the USA," according to a report from ...

Researchers Find Cost of Combating Climate Change Surges as World Delays

An agreement by almost 200 nations to curb rising greenhouse gas emissions from 2020 will be far more costly than taking action now to ...
Insurance Journal Blogs

Babies: Little Drunk People or Expert Marketers?

Happy New Year, friends! To kick off the New Year, I want to share something personal with you, and how it has led to a revelation. I've ...

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Insurance Journal TV

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Contractual, Regulatory Requirements Effects on Cyber Marketplace

Federal and state privacy laws and contractual requirements are driving interest and demand of...
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Privacy & Security Coverage and Trends

Richard Betterley, president of Betterley Risk Consultants, says cyber liability policies have...

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New Discussions in the Forums

brightway insurance brokerage in florida
Posted: Thu Jan 3 -- Blah22, it must be the 80/20 rule. 80% do the work and 20% do the complaining. I'm also a Brightway agent. I'm satisfied, am building my... nire61
WC account Losses 189 X-mod hard class codes
Posted: Wed Jan 2 -- All of the information posted on this subject has been good advice, But what I have found over many years handling some difficult company's... JTR
High Value homes in brush
Posted: Wed Jan 2 -- Anderson & Murison has established great relationships with our non-admitted markets to help place coverage for high value and brush exposed... monica reyes
Signing up for an insurance directory
Posted: Mon Dec 31 -- I have been doing a ton of research on the usefulness of them for our own agency. I haven't found any myself that focuses on any given... paulbennings
National Agents Alliance? Legit or Keep Away?
Posted: Sun Dec 30 -- After reading a number of these posts does any decently smart insurance person think that this is the answer to more income? OMG...it... surestart12345
CA Roofing Contractor WC
Posted: Sat Dec 29 -- The only WorkComp market in CA for roofers is the State Fund. ets80
Non emergency medical transportation for hire
Posted: Sat Dec 29 -- I am a new insurance broker in Southern California. I have recently ran into a few people that are looking for Non emergency medical... rb112278

Reader Comments

Lawyer Seeks OK to File Claim Against State for Connecticut School Shooting
Posted: Mon Dec 31 -- Yes, Connecticut is to blame because they only provided a school that was locked tight and had plenty of security measures in place.... Scott
6 Things for Independent Agents to Worry About in 2013
Posted: Fri Dec 28 -- You are so right Wvagt. We, as Independent Agents have a lot to worry about with the state of the economy, higher taxes for us and our... Agent
How 'Fiscal Cliff' Package Deals with Business Taxes
Posted: Wed Jan 2 -- Kind of like the old joke about the new Democratic IRS form 1040 - there are only two items; 1) How much did you make last year? 2) Send it... wvagt
Thousands of Drivers Caught In Northern California Cell Phone Crackdown
Posted: Thu Dec 27 -- I believe that texting while driving is akin to driving while impaired or at least reckless driving and should be treated accordingly. Even... Center Point
Farmers Agents Sue Carrier Over Contracts, Taking Client Info
Posted: Fri Dec 28 -- I have been a Farmers agent for 30 years. I received a 90 day notice 3 months ago. Today is my last day. I am profitable and have a high... Patty

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