March 25, 2010

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• Statement by GA Ins Commissioner John Oxendine on Passage of Healthcare Bill...“I am very disappointed that the House decided to pass a bill that was overwhelmingly rejected by the American people. ...

• Obama signs health care reform measure...President Barack Obama on Tuesday signed the sweeping health care reform legislation that was passed by the House of Representatives on Sunday night.

• Aon wins court fight over former exec's deferred pay...Aon Corp. rightfully denied compensation benefits to a former executive who left the Chicago-based brokerage for a competitor and violated the noncompete provision in Aon’s deferred compensation plan for highly paid executives, a federal court judge has ruled.

• Noneconomic damages cap unconstitutional: Court...The Georgia Supreme Court has declared that caps on noneconomic damages in medical malpractice cases are unconstitutional.

• Legal Challenges Await Health Care Bill...South Carolina attorney general Henry McMaster also plans to sue the federal government. He joins us on the phone.

• Pay czar cuts compensation at AIG, others...The Obama administration's pay czar Tuesday slashed pay again at five U.S. firms that still depend on a government lifeline, but boasted that the clampdowns are not sending talented workers fleeing for the exits.

• Fourteen US states file lawsuit against health reform...... the new legislation requiring most people to buy health insurance or else pay a fine. The lawsuit filed in a Florida federal court also calls the reform ...

• Supreme Court refuses Assurant's appeal of $10 million award in HIV case..In 2004, a jury in South Carolina ordered Assurant Health to pay Mitchell $15 million for wrongly canceling his policy. Last year, the South Carolina ...

• Montgomery Insurance expands commercial lines in Florida...Montgomery Insurance is headquartered in Charlotte, NC, and also operates in Alabama, Georgia, Mississippi, North Carolina, South Carolina and Tennessee. ...

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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!

• Supreme Court refuses Assurant's appeal of $10 million award in HIV case...In 2004, a jury in South Carolina ordered Assurant Health to pay Mitchell $15 million for wrongly canceling his policy. Last year, the South Carolina ...

• Hartford wraps debt, equity offerings to repay TARP...Hartford Financial Services Group said Tuesday that it has completed equity and debt offerings in its plan to repurchase $3.4 billion of its preferred shares that were issued to the U.S. Treasury Department under the Troubled Asset Relief Program.

• States Sue Over Overhaul That Will Bust State Budgets...Florida, Texas and Pennsylvania are among 13 states that filed suit after the president signed the bill over the constitutionality of the burden imposed by ...

• Report: N.C. auto insurance eighth-lowest in price...North Carolina drivers pay an average of $591.11 each year for auto insurance, the eighth-lowest rate in the country and the lowest in the South. ...

• Tennessee officials may sue over health reform...... last month instructing Cooper to file a legal challenge if the government penalized any Tennessee resident for failing to buy health insurance. ...

• Car-glass chain owner guilty of insurance scam...The FBI began an investigation in 2005 when an employee of a Glass Masters shop in Tennessee came forward with paperwork showing 10 examples of billing ...

• Financial services reform advances in Senate...The Risk & Insurance Management Society Inc. on Tuesday praised the financial services regulatory reform bill approved by the Senate Banking Housing and Urban Affairs Committee.

• Former Louisiana Citizens executive pleads guilty to theft charge...Lisotta admitted to using money from Citizens, a property insurer; the Louisiana Automobile Insurance Program, a state program for high-risk drivers; ...

• Health care bill will alter small business landscape...But employers in Inland Southern California seem already worried about the law that sets up new insurance "marketplaces," where people who work at small ...

• Explosive New Book Charges Obama Invites Attack on U.S....Just before dawn on March 1, 2003, two dozen heavily armed Pakistani tactical assault forces move in and surround a safe house in Rawalpindi. A few hours earlier they had received a text message from an informant inside the house. It read: “I am with KSM.”

• Save Earth, Eat Less Meat? ... or Not...Scientist says U.N. report on link between global warming and cattle farming was based on inaccurate figures

• Biden F-Bomb on Par With Party Atmosphere? | VIDEO - Classless Gaff Machine Joe Biden does it again - dropping level of decorum to record low.  This is our Vice-President...

• The 34 Dems Who Voted No on Health Care...They are: Jason Altmire of Pennsylvania, John Barrow of Georgia, Rick Boucher of Virginia, Ben Chandler of Kentucky, Larry Kissell of North Carolina, ...

• SNOOP: Airport device follows fliers' phones... Today's smartphones and PDAs could have a new use in the nation's airports: helping passengers avoid long lines at security checkpoints

• Paris scraps carbon tax plan...The French government on Wednesday said it would abandon its plan to introduce a carbon tax on domestic energy and road fuels unless there was agreement for a European Union-wide levy.

• UPDATE: ACORN disbanding because of money woes, scandal... The once mighty community activist group ACORN announced Monday it is folding amid falling revenues - six months after video footage emerged showing some of its workers giving tax tips to conservative activists posing as a pimp and prostitute.

• Zoo investigates dismembered giraffe... A beloved Rio Grande Zoo giraffe was dismembered and placed in a trash bin following its death, and an outraged mayor of Albuquerque has ordered an investigation into it.

• Venezuela arrests Chavez critic for 'conspiracy'...The detention of Oswaldo Alvarez Paz, a veteran with the opposition COPEI party but not one of Chavez's most prominent foes, will fuel criticism that the Venezuelan leader is taking his nation down an increasingly dictatorial route.

• Obama Health Overhaul: Tanning Tax Starts Today...Indoor tanning salons will charge customers a 10% tax beginning today in just one of the changes Americans will see as a result of the massively unpopular Obama U.S. Health-Car overhaul...

• Taxpayers are Santa Claus: Uninsured on ObamaCare: ‘It’s Gonna Be Like Christmas’

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