Daily Headlines: Wednesday, January 9, 2013

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January 9, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National AIG Says It Has Obligation to Consider Bailout Lawsuit; Critics Pounce American International Group Inc., the insurer rescued by the U.S. government in 2008, said on Tuesday it is considering joining a lawsuit ... AIG Board Meets on Possible Bailout Lawsuit vs. Government The board of American International Group Inc. met on Wednesday to consider a lawsuit against the U.S. government over the terms of the ... U.S. Insurers Should Be Stable in 2013, Says S&P U.S. insurance sectors are generally poised for stable credit trends in 2013, resulting from strong balance sheets, a stable business ... Supreme Court Weighs Government's Statute of Limitation in Civil Penalty Cases The U.S. Supreme Court on Tuesday appeared poised to curtail the power of the top federal securities regulator to seek civil penalties ... Integro to Provide CargoNet Membership to Transportation Clients Verisk Crime Analytics has formed a strategic alliance between its CargoNet division and insurance brokerage and risk management firm ... A Look at New Insurance Laws Taking Effect in 2013 With 2013 just around the corner, a number of states are preparing to implement new insurance-related laws. Insurance Journal highlights... More National News East Virginia Approves Changes to Workers' Comp Premium Levels Virginia's State Corporation Commission (SCC) announced on Jan. 8 that the commission has approved revisions to the premium levels charged ... Penn. Regulators Say 2012 Was Record Year for Fines and Restitution The Pennsylvania Insurance Department announced on Tuesday that the state's regulators collected a record of nearly $18 million in fines ... Zurich in North America Names Chief Risk Engineering Officer in N.Y. Zurich in North America (ZNA) has appointed Thomas Fioretti as chief risk engineering officer. He will be based in New York. In this role, ... Marsh & McLennan Executive Moves to Integro in New York Insurance brokerage and risk management firm Integro appointed Nick Trent as a principal in its property practice. He will be based in the ... More East News Midwest Illegal Immigrant Driver License Bill Advances in Illinois A proposal to issue driver's licenses to illegal immigrants has received committee approval in the Illinois House, despite concerns by both ... Digital Insurance Acquires Missouri-based Health Star Consulting Digital Insurance announced the acquisition of Health Star Consulting of Clayton, Mo. The benefits firm merged with the St. Louis office of ... CNA's Motamed to Chair 2nd Annual IICF - Midwest Benefit Dinner Thomas F. Motamed, chairman and chief executive officer of CNA Financial Corp., will act as chairman of the Insurance Industry Charitable ... Lockton Adds Loss Control Expert in St. Louis Insurance broker Lockton has expanded its loss control team with the addition of Kevin Hoffman as senior loss control consultant in its St. ... ISU Network Adds RHD Insurance in Midwest San Francisco-based ISU Network has added ISU RHD Insurance, an independent insurance agency in Lincoln, Neb. Michael J. Hall and his ... More Midwest News Southeast Kentucky Self-Insured Contractors Fund to Pay $16.5M Dividend The Kentucky Associated General Contractors Self Insurers' Fund said it will return $16.5 million in dividends to its members in March. ... Former North Carolina Insurance Commissioner Ingram Dies John Ingram, former North Carolina insurance commissioner who made runs for governor and the U.S. Senate, has died. He was 83. Charles ... Tennessee's BOA Insurance Joins Keystone Insurers Group Burchfiel Overbay & Associates Insurance Agency of Sevierville, Tenn., operating as BOA Insurance Agency, is now a partner to insurance ... More Southeast News South Central HUB International Acquires Louisiana-Based Brokerage Benefit Concepts Insurance broker Hub International Limited (Hub) has acquired the assets of Benefit Concepts Inc. (BCI), a Shreveport, La.-based employee ... Howey Named President of Southwest Risk LP Robert S. Howey has joined Southwest Risk LP to serve as the Dallas-based wholesale broker's president, the company announced. Howey's ... HIIG Energy, CAA Partner on Engineered Risk Energy Program Combined Agents of America LLC (CAA) and HIIG Energy, a member of Houston International Insurance Group (HIIG), have teamed up to develop ... Study: Uninsured Driver Problem Costs Oklahoma $8.8M a Year A new evaluation by the Oklahoma Insurance Department (OID) found that the state of Oklahoma is losing $8.8 million a year in premium taxes ... More South Central News West GEICO To Hire 300 New Associates In Arizona The private passenger auto insurer GEICO is kicking off 2013 with plans to hire 300 new associates at the company's regional office in ... 2 Survivors Of Oregon Bus Crash File Lawsuit Two survivors of an Eastern Oregon tour bus crash that killed nine passengers allege in a lawsuit that the driver was tired, didn't heed ... California Lawsuit Says Jailers Ignored Inmate Vomiting Blood The family of a California man who bled to death in the Sacramento County jail has filed a wrongful death lawsuit claiming jailers didn't ... Settlement Reached In Colorado Patrol Shooting The Colorado State Patrol has agreed to pay more than $1 million to the family of a man who was shot and killed when he refused to allow ... Scottsdale Taps Franke as VP of Contract Underwriting In West Scottsdale Insurance Co. named Steve Franke as vice president of contract underwriting for the Western region. Franke will oversee the ... More West News International Dubai Launches Drive to Develop Islamic Insurance, Banking Sectors Dubai is launching a drive to develop its Islamic business sector, aiming to attract fresh investment from the Middle East and south-east ... China's Insurance Regulator Expected to Reject $9.4 Billion HSBC Deal China's insurance regulator is expected to reject HSBC's sale of its $9.4 billion stake in Ping An Insurance to Thai conglomerate CP Group, ... Aon Benfield December Cat Report: Philippines Typhoon, Extreme Weather In its latest Global Catastrophe Recap report Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, ... Tasmanian Bushfires Burn More than 148,000 Acres: AIR Analysis According to the Tasmania Fire Service, as of 9:30 a.m. (2:30 p.m. UTC) January 7, 2013, thirty-five bushfires are currently active across ... More International News Sponsored Content Atlantic Specialty Lines Announces New Office in South Florida Miramar, FL, 01/08/13 - Atlantic Specialty Lines announces the opening of their newest office located in South ... More Sponsored Content Insurance Journal Blogs Burand's Agency E&O Blog: Tip #18 Know Your Binders. Improperly written binders are one of the most significant exposures agencies have to being sued by their own carriers ... More Blogs Join the Insurance Journal Network Insurance Journal TV Van Eeten Takes the Reins at Texas Surplus Lines Association Kathy Van Eeten, senior vice president, regional marketing for CRC | Crump, was installed... Watch Now Effects of Worldwide Economic Instability on American Companies Despite a slightly improved economy here in the U.S., the global economy is not out of the... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums What is your biggest pain as an agent? Posted: Wed Jan 9 -- I'm curious to know what the biggest pains for an agent in their day to day work...... Jacobiv Manufactured Home (in park) Insurance in Florida Posted: Tue Jan 8 -- Hello agentagent, I am a Product Mgr working for a Surplus Lines carrier. We are currently writing coastal Manufactured Housing insurance in... insprodmgr Florida Mobile Home Insurance - Coastal Surplus Lines Posted: Tue Jan 8 -- Hello, I am a Product Manager for a Surplus Lines Insurance Company licensed in Florida. We are A- Rated A.M. Best and writing Coastal... insprodmgr Deposit into the trust account or operating account? Posted: Fri Jan 4 -- I would add that Option A, deposit to the Trust Account is correct; and in a perfect world, commission would not be moved to the operating... TheFieldman brightway insurance brokerage in florida Posted: Fri Jan 4 -- Personally, I think it is just a matter of choice and what your longterm goal is. I've always thought of the American Agency System as a... TheFieldman Can You Deduct Long Term Care Insurance Premiums? Posted: Fri Jan 4 -- The LTC insurance premiums of tax qualified policies are regarded as medical expenses based on IRS guidelines. Tax deductions can be done of... robmejia 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 Go to Forums Reader Comments Oklahoma Mom Sues Over Twitter Picture of Unclothed Daughter Posted: Mon Jan 7 -- This is bullying, no question. As for the school adminstrators who want this lawsuit dropped because "it make the school look bad" - wake up... jet Slip-And-Fall Cases Tough to Make in Michigan Courts Posted: Wed Jan 2 -- Every once in a while we manage to do the right thing. sham Flood Insurance Funds Will Run Out Jan. 7 Without Congress OK: FEMA Posted: Thu Jan 3 -- Now, do you really want ObamaCare....? You need surgery and are waiting on the US House and Senate (Congress) to get a budget passed! They... Brass Balls How 'Fiscal Cliff' Package Deals with Business Taxes Posted: Mon Jan 7 -- Yes Libby, all my employees checks are a little lighter now that the Social Security has gone up and taken from their income. I seem to... Agent Attorney Behind $43M Award for Ohio Agent Against Nationwide Insurance to File Class Action Posted: Mon Jan 7 -- If I had an associate agent/producer in my agency that produced a $2million book, they would have exalted status. This sounds like a... 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