March 4, 2010

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• BRAND NEW INSIDER NOW LIVE HERE!

• Five people were arrested in Pasco Co. for insurance fraud scam... Florida CFO Alex Sink announced the arrests of five individuals involved in defrauding Zurich Insurance Group, including Zurich ...

• AIG seeks to cut payouts to former employees...American International Group Inc. has asked former employees of its AIG Financial Products unit for information about how much they earned elsewhere after leaving the company as it prepares to hand them “retention payments,” a source familiar with the matter said Monday.

• No-Fault Auto Insurance Popularity Declines Due to High Medical Costs...No-fault automobile insurance, once seen as a way to limit court costs and lower premiums, has declined in popularity among both insurers and consumers ...

• S. Carolina House may cap damage awards...Supporters say the House bill would bring South Carolina in line with those states, capping punitive damages at three times the amount of the compensatory ...

• Florida's insurance scam...But when Florida's state-operated homeowners' insurance company, Citizens, sells you a policy knowing that it may not have the financial reserves to cover ...

• Obama calls for simple majority vote on health care...President Barack Obama said on Wednesday it is time to pass his sweeping health care overhaul using only a slim Democratic majority in Congress if necessary, saying the issue is too important to be delayed by politics after a year of debate.

• GMAC Transfers Ownership To ACAC...includes automobile, commercial vehicle, motorcycle and RV insurance offerings, will continue to operate and remain in Winston-Salem, North Carolina. ...

• Poll: Oxendine holds a lead...Georgia Insurance Commissioner John Oxendine holds a comfortable lead in the state's Republican gubernatorial primary ...

• National Flood Insurance Program extended...President Barack Obama has signed into law a measure that extends the National Flood Insurance Program through March 28.

Secrets of Advertising - Part 1    •    Secrets of Advertising - Part 2

Upcoming Conventions-Trade Fairs - Expos

FAIA of Florida 106th Annual Convention - Orlando, FL Details HERE!

PIA of FLA: Agent Expo 2010 - Orlando, FL Details HERE!

LAAIA 40th Annual Convention - Hollywood FL Details HERE!

FYI Insurance Expo 2010 - Duluth, GA Details HERE!

• State Farm to offer discounts for strengthening against wind damage in Mississippi... Mississippi Insurance Commissioner Mike Chaney said Tuesday that he has approved State Farm's plan to offer the mitigation discounts. ...

•Reprieve for insurers: Medicare secondary payer reporting requirements delayed...likewise, individuals who receive ongoing reimbursement for medical care through no-fault insurance or workers' compensation must be reported to CMS. ...

• Lawmakers expand investigation into health insurance rate hikes...The scope of a congressional investigation into health insurance rate hikes in California expanded Tuesday as lawmakers summoned the chief ...

• Insurers don't pose systemic risk: Execs...A coalition of property/casualty insurers has written the chairman of the Senate Banking, Housing and Urban Affairs Committee asking that the property/casualty industry not be subject to “bank-centric” financial services regulation.

• Louisiana insurance agent kills 2 boars with knife during hunting trip...He has fished from a kayak for salmon and halibut in 300 feet of water in Alaska, and one day, hopes to catch red fish and have a crawfish boil in Louisiana ...

• Fla. justices get rental car liability case...She argued the Legislature intended it to be an insurance requirement and that it's explicit enough to except Florida from the Graves Amendment. ...

• SCC request stops two insurers from selling in Virginia...Two New York-based insurance companies have agreed to stop writing business in Virginia in response to a regulator's request. ...

• Consumer group sues California health insurer...There was no immediate comment from the insurance company, or from the state Department of Managed Health Care, which regulates Anthem Blue Cross policies. ...

• Rancho Cordova-based insurer launches medical marijuana coverage...Since then, the Rancho Cordova company has provided insurance to clients in California, Colorado, New Mexico and Rhode Island. ...

• Lawmakers ready to take on Crist via insurance...Florida Insurance Council Vice President Sam Miller said Monday there were no signs the governor would view the bill any less of a threat this year, ...

Secrets of Advertising - Part 1    •    Secrets of Advertising - Part 2

• Global Warming Litigation Just Getting Started; Costs Will Be Significant...2008-858, in the 17th Circuit Court for Arlington County, Va.] Steadfast Insurance Company filed a declaratory judgment action asking a Virginia state court ...

• Alabama State agency seeking tougher insurance verification system... Shelby County Reporter Alabama's Independent Insurance Agency is seeking to strengthen the state's system of ensuring the drivers ...

• Chile Quake May Be Costliest for Insurers Since 1994...“I would say California doesn't have enough.” Total losses from the earthquake, including costs not covered by insurance, may exceed $15 billion, ...

• Insurance companies criticized as Obama calls for final vote on reform...... the much-publicized proposed 39% premium rate increase sought by Anthem in California. The president said America should be “holding insurance companies ...

• Arizona Bill Banning Texting While Driving Dies in Senate...The Arizona Senate in an 11-11 vote failed to pass a bill that would have banned texting on a cell phone while driving. ...

• STAMPS v. CANAL INDEMNITY INSURANCE...Since the writ appeared untimely and there was no mention or evidence of any prior fax filing of the notice of intent, this court refused consideration of ...

• Company fights family for mother's frozen head... An El Paso County probate judge has ruled that the frozen remains of Colorado Springs nurse Mary Robbins belong to an Arizona company that ...

•Senator: White House land grab; Proposal to seize land would favor animals over Americans...You'd think the Obama administration is busy enough controlling the banks, insurance companies and automakers, but thanks to whistleblowers at the Department of the Interior, we now learn they're planning to increase their control over energy-rich land in the West.

• Man arrested by Secret Service swallows flash drive; Bid to destroy evidence... In a bold and bizarre attempt to destroy evidence seized during a federal raid, a New York City man grabbed a flash drive and swallowed the data storage device while in the custody of Secret Service agents, records show.

• Bunning op-ed in USA TODAY: Why I took a stand on spending... ‘If the Senate cannot find $10 billion to pay for a measure we all support, we will never pay for anything.’

• Muslim woman refuses body-scan at British airport... A Muslim woman was barred from boarding a flight after she refused to undergo a full body scan for religious reasons.

• PUSH. PUSH HARDER. PUSH FASTER...President Barack Obama began a final push for healthcare reform on Wednesday, urging Congress to vote on the plan in the next few weeks even if it means passing the measure with a narrow Democratic majority and no Republican support.

• Restaurants now adding 'Health' charge to restaurant bills... Nothing succeeds in the travel industry like a bad idea. The latest hidden mandatory add-on is a "health" charge added to restaurant bills. As far as I know, this scam cropped up first in San Francisco, but you can count on it to spread.

• Police force family to cover nude snowwoman...Police told a Rahway, New Jersey family to cover their nude snow woman after an anonymous complaint.

• Ex-Gitmo Detainee Now a Taliban Commander...A man freed from Guantanamo more than two years ago after he claimed he only wanted to go home and help his family is now a senior commander running Taliban resistance to the U.S.-led offensive in southern Afghanistan, two senior Afghan intelligence officials say.

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