Daily Headlines: Monday, June 25, 2012

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June 25, 2012 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Sea Level Rise Accelerating Along Atlantic Coast, Say Scientists Rates of sea level rise are increasing three-to-four times faster along portions of the U.S. Atlantic Coast than globally, according to a ... Former AIG, General Re Execs Admit to Reinsurance Fraud, Pay Fines June 22 (Reuters) - Five former executives of American International Group Inc. and Berkshire Hathaway Inc. unit General Reinsurance ... Best Affirms, Assigns Ratings to GEICO and Affiliates; Outlook Stable A.M. Best Co. has affirmed the financial strength rating (FSR) of 'A++' (Superior) and issuer credit ratings (ICR) of "aaa" of the ... Ratings Recap: Iron Horse, Imperial Fire, Plymouth Rock, Bunker Hill A.M. Best Co has affirmed the financial strength rating of 'A' (Excellent) and issuer credit rating of "a+" of Vermont-based Iron Horse ... Chartis Enhances Network Security Policy The Chartis insurers have added enhancements to its network security and privacy insurance products, recently rebranded as CyberEdge, to ... Tropical Storm Debby Heads for Florida Coast, Spares Louisiana Tropical Storm Debby meandered slowly to the Florida coast on Sunday, bringing strong winds and waves that forced the closure of about a ... Storm Threat Prompts Oil Companies to Evacuate Some Gulf Staff Energy companies began evacuating non-essential personnel from operations in Gulf of Mexico on Friday due to the threat of a weather system ... Deal Reached in AIG, General Re Executives’ Fraud Case A deal has been reached to prevent a new criminal fraud trial for former executives of American International Group Inc. and Berkshire ... Public Companies Under Estimate Risk of D&O Lawsuit: Survey Public company executives may be in for a surprise lawsuit. Despite the odds that they and their directors will be sued in the next 12... More National News East Court: Travelers Won’t Have to Pay Damages to Insured in Kickback Case A federal appeals court said an insurance company doesn't have to pay $1.75 million in damages as part of a settlement involving privately ... N.J. Assembly Advances Bills Aimed at Highway Safety The New Jersey Assembly approved bills last Thursday that would toughen driver's license requirements for young people and would allow a ... Maryland Teens Rebuild Vermont Homes Destroyed by Irene A group of Maryland teenagers is helping rebuild two Vermont homes nearly destroyed last year by flooding from Tropical Storm Irene. The ... Ex-N.Y. Postal Worker Pleads Guilty to $18K Workers’ Comp Scam Authorities said a former U.S. Postal Service employee has pleaded guilty to receiving over $18,000 in fraudulent workers' comp benefits. ... Catholic Bishops Begin 2-Week Campaign to Fight Birth Control Mandate Roman Catholic groups in the U.S. started a two-week campaign Thursday of prayer vigils and rallies to fight what they consider government ... More East News Midwest Britton Gallagher Acquires Wisconsin's Beckman Insurance Agency Britton Gallagher, based in Cleveland, Ohio, has acquired Beckman Insurance Agency of Wisconsin. The acquisition is part of the firm's ... Regulators: Fewer Complaints Against Michigan Insurers in 2011 Consumer complaints against Michigan insurance companies are slightly down from the previous year. The Office of Financial and Insurance ... Michigan Residents Due $13.9M in Health Care Rebates The federal government says 114,000 Michigan residents will get rebates from insurance companies under the Obama administration's ... Much of Kalamazoo River to Open, 2 Years After Spill Nearly all of the Kalamazoo River is being reopened for recreational use and the cleanup of a massive oil spill nearly two years ago is in ... Nearly 80 Percent of Indiana Listed in Drought The parched conditions are worsening for much of Indiana, with a new report listing the state's southwestern corner in extreme drought and ... More Midwest News Southeast North Carolina Passes Law Targeting Employers Without Workers’ Comp North Carolina business owners may find it harder to escape having workers' compensation coverage after state lawmakers approved a bill ... AIR Worldwide Comments on Tropical Storm Debby Catastrophe modeling firm AIR Worldwide issued the following advisory on Tropical Storm Debby this morning: According to catastrophe ... RMS Comments on Tropical Storm Debby Catastrophe modeling firm Risk Management Solutions (RMS) issued the following advisory on Tropical Storm Debby this morning: Tropical ... North Carolina Pastor Charged with Insurance Fraud A pastor in North Carolina has been arrested and accused of taking about $23,000 in an insurance scam. The Hickory Daily Record reported ... Safety Advocates Urge Same Alcohol Limit for Georgia Boaters, Motorists Safety advocates are continuing to push for a lower legal limit for boaters who consume alcohol on Georgia's lakes and rivers. The Atlanta ... More Southeast News South Central Texas Supreme Court: Bad Faith Tort Inconsistent with Workers' Comp System In what has been called a landmark decision, the Supreme Court of Texas has found that a bad faith cause of action is inconsistent with the ... Trade Group: 70K Vehicles Damaged in Dallas Area Hailstorm Approximately 70,000 vehicles were damaged in the June 13 hailstorm in the Dallas, Texas, area and car rental companies are feeling the ... New Louisiana Coast Restoration Work to Start in 2 Areas A $428 million plan to restore two parts of Louisiana's rapidly eroding coastline is moving ahead. The commander of the U.S. Army Corp of ... More South Central News West New Colo. Wildfire Forces Thousands of Evacuations A wildfire near Colorado Springs grew to more than 6 square miles on Sunday after erupting just a day earlier and forcing evacuation for ... Ariz. Officer Involved In 6 Kills Gets Disability A city review board has granted disability retirement to a Scottsdale police officer involved in six deadly shootings over the past decade. ... More West News International Main Points of Agreement from Rio+20 Summit Show Little Progress Global leaders on Friday wrapped up a United Nations development summit with little to show but a lackluster agreement, as critics scorned ... Lloyd’s Details ‘Growing Impact of Climate Change’ as UN Meets Lloyd's has published a roundup of the environmental issues inherent in as the world grows warmer. The recently concluded Rio +20 ... Re/insurers Join Efforts to Support UN’s Principles for Sustainable Insurance A number of insurers and reinsurers have agreed to join the UN-backed set of Principles for Sustainable Insurance. The initiative aims to ... BMS Group’s Pioneer Names Hinman in U.S. Expansion The UK-based BMS Group, an independent global broker, announced the appointment of delegated authority underwriter Gene Hinman, who will ... More International News Sponsored Content Sullivan Brokers Enhances Casualty Practice with Addition of Jim Viera Los Angeles, CA, 06/25/12 - Sullivan Brokers Wholesale Insurance Solutions is pleased to announce that James Viera has joined the firm's ... Insurance Journal's Directory of E&S / Specialty Markets. Coming soon to inboxes, emails, and iPads everywhere! More Sponsored Content Join the Insurance Journal Network Insurance Journal TV M&As Often Come with D&O Exposures Companies must do their due diligence when acquiring foreign entities or they could end... Watch Now Caution: D&O and Foreign Shareholders Firms that heralded a 2010 U.S. Supreme Court case barring plaintiffs from bringing class... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums American Family Posted: Mon Jun 25 -- I have been on this insurance company for 10 years now and I can say that I have had an exceptionally positive experience in bundling home... gwendolynU Do you use online leads services? Posted: Sat Jun 23 -- "I tried quotewizard myself for my auto insurance. Within minutes of my online request, I had quotes in my e-mail inbox from... rodgwag Request for Life & Health License in CA Posted: Thu Jun 21 -- Hi All! Wants to get the life & health license, but wasn't sure which one I should choose from DOI in CA (they have "life-only" and health... roycheong1031 Track Your CSR's Daily Sales Activity Posted: Thu Jun 21 -- Nothing more annoying to a person, than having some jerk running round with a stopwatch looking over your shoulder, making you log every... OldIndyAgent Commercial Named Non owner policy Posted: Thu Jun 21 -- Anyone know of a carrier that will write a Commercial Named non owner policy? JAM Can an employer fire an employee because their pre-convicted Posted: Wed Jun 20 -- Lying on a job application could be. Was the employee asked about past problems with the law? If the employer knew about troubles in the... superdash8 Unfair Competition amongst brokers Posted: Tue Jun 19 -- Thankfully karma always has its way of coming around.. As was mentioned before, they probably are only making themselves look bad. I'd... Auds Go to Forums Reader Comments NV Couple Sues Boy Scouts Over Son's UT Drowning Posted: Mon Jun 18 -- "the boy experienced "great physical agony, pain and suffering in the knowledge of impending death, emotional distress … as well as the... Assunta Connecticut Court: Ski Area Not Liable for Skier's Injuries, Paralysis Posted: Wed Jun 20 -- Superb reasoning and a jury to be applauded! reality bites Oklahoma Reaches All-Time Employment High in May Posted: Mon Jun 18 -- Oklahoma pursues private market solutions to create jobs, unlike our Federal Government. They have low tax rates and provide incentives to... Agent 2 Accused of Staging Crash in Indiana Face Felony Charges Posted: Mon Jun 18 -- In addition to being charged with a crime, ALL of these people need to be billed for the emergency services! Why should the honest,... Insurancemommy Judge Dismisses FEMA from Kmart Lawsuit Over Flooding in Mississippi Posted: Mon Jun 18 -- sounds to me like KMART is trying to make up for loss of use/income generated because of the sales. problem, the neighbor, kroger became... wudchuck Go to Popular Comments Subscriber Tools Send this to a friend Subscribe Unsubscribe Submit News Contact Us Current Issue June 18, 2012 Umbrellas - Personal & Commercial; Construction; Apartment Buildings More Newsletters Choose Newsletters Daily Headlines Weekly Reader Picks Magazine Update Insurance Journal TV Classifieds Breaking News MyNewMarkets Daily Claims Daily Enter Your E-mail Market Directories Excess & Surplus Markets Programs Workers' Comp Markets New Insurance Jobs Management Trainee Business Development Associate Collectibles Licensed Insurance Representative Commercial Producer Have a job opening? List it on our Web site. 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