Publication: Advisen FPN

First reported May 24 2013 - Updated May 24 2013 - 1 reports

NOAA: 2013 Hurricane Season to be 'Extremely Active'

Much of the east coast was hoping to hear that the 2013 hurricane season would be tame but according to a report released by Colorado State University and sponsored by the National Hurricane Center, that isn t likely to be the case. The hurricane season ... [Published Advisen FPN - May 24 2013]
First reported May 24 2013 - Updated May 24 2013 - 1 reports

Social media snares swindlers

And when they do that on social media Web sites, they give investigators such as Shawn Fox of the Ohio Bureau of Worker's Compensation a case that's practically gift-wrapped. I don't think people realize how easy it is for us to grab, "said Mr. Fox, special ... [Published Advisen FPN - May 24 2013]
First reported May 24 2013 - Updated May 24 2013 - 1 reports

Science panel to scrutinize shale gas drilling

May 23-- A National Academy of Sciences committee will review a host of risks and public concerns associated with shale gas drilling operations nationwide-- what's known and much that isn't-- during a two-day workshop starting today in Washington, D.C.. ... [Published Advisen FPN - May 24 2013]
First reported May 24 2013 - Updated May 24 2013 - 1 reports

Advisen Did You Know: Happy Birthday, Tom Ruggieri

Happy Birthday, Tom RuggieriOn the eve of May 25, we salute Tom Ruggieri at the helm of Advisen as CEO. On behalf of your colleagues, friends, and readers of FPN, we wish you a wonderful 50th birthday.Happy 50th Birthday, Tom Ruggieri!The editors of Advisen ... [Published Advisen FPN - May 24 2013]
First reported May 24 2013 - Updated May 24 2013 - 1 reports

Jockey who fell off horse wins 58,000 payout

Mr Hide, 39, was put into a medically induced coma after he was thrown from his horse into a railing during a race in 2006. He suffered a shattered hip and serious head injuries. In the final judgment, the Appeal Court judge described how Judge Charles ... [Published Advisen FPN - May 24 2013]
Entities: County Court
First reported May 24 2013 - Updated May 24 2013 - 1 reports

Ally Financial to Pay $2.1 Billion in Settlement With ResCap, Creditors

--Ally to receive release from legal liabilities under settlement. --Ally plans to record a $1.55 billion charge related to the settlement in the second quarter. --Ally CEO: Deal will help company avoid year of potential litigation. ... [Published Advisen FPN - May 24 2013]
First reported May 24 2013 - Updated May 24 2013 - 1 reports

TransRe and AIG Take Asbestos Dispute to Court

Millions of dollars are at stake as Transatlantic Reinsurance Co. and its former majority shareholder, American International Group, battle over asbestos claims in several lawsuits. In a March 1 suit, Transatlantic said AIG had agreed to settle asbestos ... [Published Advisen FPN - May 24 2013]
First reported May 24 2013 - Updated May 24 2013 - 1 reports

BMA Managing: Bermuda Taking a Forward-Looking Regulatory Approach

Bermuda is adjusting the way it regulates insurance to be more forward-looking, according to Craig Swan, who was recently named managing director, supervision for the Bermuda Monetary Authority. Swan spoke to Best's News Service at the recent Risk and ... [Published Advisen FPN - May 24 2013]
First reported May 24 2013 - Updated May 24 2013 - 1 reports

China Amends Market Entry Regulations for Insurance Intermediaries

China has amended market entry regulations for insurance intermediaries by setting the initial registered capital up to 50 million yuan in order to promote professional operations and market discipline in the sector, according to the China Insurance Regulatory ... [Published Advisen FPN - May 24 2013]
First reported May 23 2013 - Updated May 23 2013 - 1 reports

Industry Battles New York Bill Prohibiting Anti-Concurrent Causation Clauses in Homeowners Policies

A New York Assembly panel is considering legislation prohibiting insurers from using anti-concurrent causation clauses in homeowners policies, an effort drawing opposition from insurance industry groups. The bill is going to be considered in a May 23 ... [Published Advisen FPN - May 23 2013]
First reported May 23 2013 - Updated May 23 2013 - 1 reports

US House, Senate Panels Pass Farm Bill Packages Adding Billions to Crop Insurance Subsidies

But because federal spending continues to be a lightening rod issue among lawmakers, it is still far from certain that Congress will reach a deal before the temporary extension expires on Sept. 30. "Our work is just beginning," said David Graves, manager-secretary ... [Published Advisen FPN - May 23 2013]
First reported May 23 2013 - Updated May 23 2013 - 1 reports

New Workers' Compensation Laws Could Carry Major Overhauls

The overall theme in this session has been the efforts to reduce system costs in Indiana, Oklahoma and Tennessee, and to a lesser extent Florida, said Bruce Wood, associate general counsel, director of workers compensation programs at the American Insurance ... [Published Advisen FPN - May 23 2013]
Entities: Workers

Quotes

...I don't think people realize how easy it is for us to grab, "said Mr Fox, special agent in charge, who covers western Ohio. "Ever since social media has become integrated into our society, we've..."
...with shale gas drilling operations nationwide-- what's known and much that isn't-- during a two-day workshop starting today in Washington D C . "This review will be successful if the current state of knowledge about shale gas drilling is clarified and the..."
"Supervisors are the closest level of management to the work being done, yet there is little clarity around what safety functions they should be performing" says BST president Scott Stricoff...
...The state board of workers' compensation does not keep statistics on the amount of claims, but "this resolution was the..."

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Advisen Did You Know: Happy Birthday, Tom Ruggieri [Published Advisen FPN - May 24 2013]
NOAA: 2013 Hurricane Season to be 'Extremely Ac... [Published Advisen FPN - May 24 2013]
Ally Financial to Pay $2.1 Billion in Settlemen... [Published Advisen FPN - May 24 2013]
Social media snares swindlers [Published Advisen FPN - May 24 2013]
Science panel to scrutinize shale gas drilling [Published Advisen FPN - May 24 2013]
TransRe and AIG Take Asbestos Dispute to Court [Published Advisen FPN - May 24 2013]
China Amends Market Entry Regulations for Insur... [Published Advisen FPN - May 24 2013]
Jockey who fell off horse wins 58,000 payout [Published Advisen FPN - May 24 2013]
BMA Managing: Bermuda Taking a Forward-Looking ... [Published Advisen FPN - May 24 2013]
US House, Senate Panels Pass Farm Bill Packages... [Published Advisen FPN - May 23 2013]
New Workers' Compensation Laws Could Carry Majo... [Published Advisen FPN - May 23 2013]
The New York State Department Of Financial Serv... [Published Advisen FPN - May 23 2013]
Industry Battles New York Bill Prohibiting Anti... [Published Advisen FPN - May 23 2013]
Family of man killed by Downey police settles f... [Published Advisen FPN - May 23 2013]
Attorney: Donald Trump lied on stand [Published Advisen FPN - May 23 2013]
Insurance Now a Riskier Business: New State Str... [Published Advisen FPN - May 23 2013]
Jury rules that warranty company not negligent ... [Published Advisen FPN - May 23 2013]
Tornado May Cost Property-Casualty Insurers a C... [Published Advisen FPN - May 22 2013]
Earthquake events dominate April natural hazard... [Published Advisen FPN - May 22 2013]
U.S. Judge Dismisses Obstruction Charge Against... [Published Advisen FPN - May 22 2013]
Brown & Brown, Inc. Enters Into Agreement to Ac... [Published Advisen FPN - May 22 2013]
US Sanctions: Are Foreign Insurers Soon To Be "... [Published Advisen FPN - May 22 2013]
International Law Firms Unite to Fight Fraud [Published Advisen FPN - May 22 2013]
Mutuals Are Biggest Property-and-Casualty Insur... [Published Advisen FPN - May 22 2013]
KPMG Releases Expectations of Risk Management O... [Published Advisen FPN - May 22 2013]
Edison agrees to pay $37 million in 2007 wildfire] [Published Advisen FPN - May 22 2013]
Fitch: Foreign Insurer Parentage Unlikely To Di... [Published Advisen FPN - May 22 2013]
Attorney: $19.6M settlement in priest abuse case [Published Advisen FPN - May 22 2013]
Advisen People on the Move: As of May 20, 2013 [Published Advisen FPN - May 21 2013]
Ace USA Vice President: Renewable Energy Carrie... [Published Advisen FPN - May 21 2013]
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