Daily Headlines: Friday, February 22, 2013

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February 22, 2013 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Report Criticizes Insurance Tech Firm Ebix's Financials; Firm Refutes Allegations Ebix Inc., a major provider of software and e-commerce products for the insurance industry, saw its stock price fall more than 25 percent ... Federal Crop Insurance Board Gets 4 New Directors Agriculture Secretary Tom Vilsack recently named four new members of the Federal Crop Insurance Corp. (FCIC) board of directors. The new ... AssuredPartners Selects Law Firms to Counsel Clients on Affordable Care Act AssuredPartners, Inc. and its Employee Benefits Committee for Affordable Care Act Compliance has formed a new partnership with national law ... Despite Uncertainty, Momentum Building for M&As in 2013: PwC While 2012 was a flat year for financial services mergers and acquisitions (M&A) overall, there was a surge in the fourth quarter and there ... Barring Last Minute Deal, Gulf Oil Spill Trial to Get Underway Monday Nearly three years after a deepwater well rupture killed 11 men, sank a rig and spewed 4 million barrels of oil into the Gulf of Mexico, BP ... Securities Regulator OKs Schwab Ban on Class Actions by Clients Charles Schwab Corp. can ban its clients from bringing class action lawsuits, a securities industry regulatory panel ruled Thursday in a ... AIG Q4 Operating Results Beat Expectations Insurer American International Group Inc. reported fourth-quarter results that beat Wall Street expectations, although Chief Executive ... ISO's Commercial General Liability Filing - Part Three - New Endorsements Insurance Services Office's (ISO's) four major filings in commercial property, business auto, businessowners coverage, and commercial... More National News East N.Y. Regulators to Examine 3 Insurers for Claims Practices Related to Sandy New York Gov. Andrew Cuomo announced Thursday that the Department of Financial Services is investigating the claims practices of three ... Penn. Court: 'Single Occurrence' Applies for Drywall Claims Arising From One Shipment The U.S. District Court in Pennsylvania ruled last week that multiple claims that arose from allegedly defective drywall that the insured ... Mantoloking Residents Last in New Jersey to Return Home After Sandy Doug and Joyce Popaca were accustomed to storms, having lived in Mantoloking near the ocean for 37 years. So when Superstorm Sandy barreled ... Vermont Mutual Insurance Group Appoints Regional General Adjuster Vermont Mutual Insurance Group appointed Stephen Daglio as a regional general adjuster covering New England and New York.Daglio has more ... More East News Midwest Ohio Took Enforcement Actions Against 167 Agents in 2012 Ohio Lieutenant Governor and Department of Insurance Director Mary Taylor announced the department's top fraud and enforcement cases for ... Indiana Man Sues over Crash That Killed His Wife The husband of a northeastern Indiana woman who died when a semi-trailer rear-ended two cars in January is suing the truck driver and the ... Idea to Limit Auto Claims in Michigan Criticized The top elected official in Michigan's Oakland County is criticizing proposals from fellow Republicans to change Michigan's no-fault auto ... Small Illinois Town Closes Sled Hill Due to Liability Risk A small town in eastern Illinois is losing its sledding hill because the city says it's just too big of a liability. Kay McCabe is a member ... More Midwest News Southeast Tennessee Reconsiders Requiring Concussion Policy for School Sports As the nation continues to debate increasing safety in contact sports, Tennessee lawmakers are looking at legislation that would require ... West Virginia Coal Mines Shut Down to Review Safety Following Deaths West Virginia Gov. Earl Ray Tomblin on Wednesday asked coal companies to halt production for an hour to review safety procedures following ... More Southeast News South Central Louisiana Drunk Driver Program Linked to Scandal, Disbanded A program that allowed some drunken drivers in Louisiana to wipe their records clean in near-record time has been halted after Lafayette ... Parents Win $10.5M Verdict in Dallas 'Monster Truck' Death The parents of a 23-year-old woman killed when she was struck by a "monster truck" in a Dallas "gentlemen's club" parking lot have won a ... Small Earthquake Recorded Near Manila, Arkansas U.S. Geological Survey reports a small earthquake was recorded near the Mississippi County town of Manila, Ark. The county sheriff's office ... Louisiana Property Owners Urged to Claim Citizens Assessment Rebate Nearly two-thirds of Louisiana Citizens Property Insurance Corp. (Citizens) rebates that are available to policyholders are unclaimed, ... Court Orders Doctor to Repay $98K to Texas Mutual Texas Mutual Insurance Co. announced that a Travis County district court convicted Howard T. Douglas III, M.D., of Hurst, Texas, and his ... More South Central News West Gilbert's Passions were Organization, Work, Family Roger W. Gilbert was a big player in Southern California's insurance market, he was active in insurance charities and other causes, and ... California School District Sued Over Yoga Program An attorney representing a family bent out of shape over a public school yoga program in the beach city of Encinitas filed a lawsuit ... Fired Coach Sues Northern California Diocese A former Catholic high school coach is suing the Diocese of Sacramento in Northern California claiming he was fired in retaliation for ... Montana's Wheat Crop Valued At $1.7B Agricultural analysts say Montana's 2012 wheat crop was valued at a record $1.7 billion, making it the fifth time in six years that the ... CSE Insurance CEO Bize to Transition Out of Current Role Walnut Creek, Calif.-based CSE Insurance Group President and CEO Pierre Bize announced he will be transitioning out of his current role at ... More West News International Allianz Reports Revenue, Operating Profit and Net Income Growth for 2012 Germany's Allianz Group, Europe's largest insurer, reported strong results for the financial year 2012. Revenues reached €106.4 billion ... Tempo Underwriting Teams with Berkley Europe for Commercial D&O UK-based Tempo Underwriting announced that it has started underwriting Commercial D&O through a binding authority arrangement with W. R. ... UK's Arc Legal to Increase Access to Social Media Abuse Coverage A bulletin from the UK's Arc Legal Assistance Limited, an independent provider of legal expenses insurance products and related services, ... Insurance Australia Group Posts US$ 840 Million Half Year Insurance Profit Insurance Australia Group Limited (IAG) announced an insurance profit of A$815 million [US$840 million] for the half-year ended 31 December ... XL Group Launches $850 Million Share Buyback; Raises Dividend XL Group plc announced from its Dublin, Ireland headquarters that its Board of Directors has approved a new share buyback program, ... Ratings Recap: GIC Re, Seguros Inbursa, National Grid A.M. Best Asia-Pacific Limited has affirmed the financial strength rating of 'A-' (Excellent) and issuer credit rating of "a-" of General ... More International News Insurance Journal Blogs Burand's Agency E&O Blog: Tip #24 Out of Office Expectations Does your voice mail tell callers you are out-of-office and will return their calls when you return? Of course ... More Blogs Join the Insurance Journal Network Insurance Journal TV Markel Specialist Talks Nonprofits Nonprofits were hit hard by the economy, and now face ongoing public perception issues thanks... 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 Co-Insured & Additional Insured Definition Posted: Fri Feb 22 -- Co-insured Doctrine - look it on Google Legal Scholar. It concerns, for example, an apartment house or a condominium association which... webgirl What marketing efforts are generating business? Posted: Thu Feb 21 -- Our LinkedIn group has a lively discussion on... Josh Need Comp in Ca Posted: Tue Feb 19 -- I'd recommend trying Arrowhead General and see which of their markets is best... Shagster1261 Farmers vs. Independent Posted: Mon Feb 18 -- I was a Farmers Agent (FIG) for 22 years - I was terminated about 4 years ago. I was profitable for all but about 3 years when we had large... William Graham Internet Cafe Posted: Thu Feb 14 -- What state? We are writing a number of these and using Penn-Star Ins Co. and other carriers. ... INTLXS S. California CSR openings Posted: Wed Feb 13 -- There's this site called Monster.com - ya might want to check it out. You also might want to check with the CA DOI on licensing requirements... Big Dog Carrier technology Posted: Tue Feb 12 -- In your opinion, which carriers offer the best POS / web portals for agents? which are the ones that offer the worst tools? daniman Could the insurance industry do more to Century? Posted: Mon Feb 11 -- I find this industry pretty frustrating at times. It's sad if all a player can do to stand out from the rest is use a stuffed animal or... PaulBrindley 1st Year as a Producer Stories Posted: Thu Feb 7 -- Right on Sac thank you. The "Trusted Advisor" is what I am seeking to be. californiadude Go to Forums Reader Comments Catholic Bishops Urge Birth Control Reprieve in Fiscal Bills Posted: Tue Feb 19 -- In order to mitigate risk, the Catholic Church should be more concerned about better risk management of its pedophile priests that have... insurance102 World Trade Center Developer Challenges Airline's 'Act of War' Defense for 9/11 Attacks Posted: Wed Feb 20 -- As long as Mr. Silverstein accepts responsibility for all of the damage and illness caused by his buildings after they fell. Seems reasonable Administration Issues Final Rule on Minimum Benefits Under Obamacare Posted: Thu Feb 21 -- No one wants to deprive mental patients and those already ill of needed medical services, but by adding 62 million of them to the healthcare... Rusty Michigan to Issue Driver's Licenses to Illegal Immigrants Posted: Wed Feb 20 -- So.....if the person is illegal, we're giving them drivers licenses? Shouldn't we be packing them up and sending them home? Just don't get... TooLongInInsurance President Obama Says Patent Reform Needs to Go Farther Posted: Fri Feb 15 -- Are you kidding? The biggest supporter of the Democratic party is the trial lawyers. You think he would ever take on his own?... 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