Monday, September 19, 2011

Daily Headlines: Monday, September 19, 2011

Sponsored by: Liberty International Underwriters. LIU Specialty Lines. Expert underwriters with decision-making authority. Click here for more information.
Insurance Journal Daily Headlines
September 19, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

More Americans Believe World is Warming: Reuters Poll

More Americans than last year believe the world is warming and the change is likely influenced by the Republican presidential debates, a ...

Top 5 Technology Priorities for P/C Insurers

Property/casualty insurance companies plan to invest in technology for underwriting,  policy administration,  consumer portals, ...

Mining Industry Launches Safety Prorgam

The National Mining Association says it's launching a program to get companies collaborating so mine operators with poor safety records can ...

New Patent Reform Law Aims to Reduce Backlog, Curb Lawsuits

President Barack Obama signed into law a patent overhaul bill Friday that backers say will curb frivolous lawsuits and help the U.S. Patent ...

Transatlantic Dismisses Fresh Berkshire Offer

Reinsurer Transatlantic Holdings Inc said it received a renewed buyout offer of $52 a share in cash from Warren Buffett's Berkshire ...

Universal North America Names Barrales President

Miguel A. Barrales has been named president of Universal Insurance Holdings of North America, a multi-regional insurance carrier with 170 ...

The Hartford Launches Data Breach Coverage For Small Businesses

While data breaches at large companies continue to dominate the headlines, breaches involving smaller businesses are also on the rise. ...

Appalachian Underwriters Launches Commercial Lines Rater for Auto Dealers

Appalachian Underwriters, Inc. (AUI) launches a new commercial lines online rater for independent auto dealers, www.xpressdealerpro.com.  ...

Corps Pegs 2011 Flood Damage to Levees at $2B

The U.S. Army Corps of Engineers estimates it will cost more than $2 billion to repair the damage to the nation's levees, dams and ...

U.S. Municipal Bond Market Shrinks

The size of the U.S. municipal bond market shrank to $2.89 trillion in the second quarter of 2011 from $2.91 trillion in the first quarter, ...

Industry Expects Another Short-Term Extension for Flood Insurance Program

Congress is poised to pass yet another short-term extension of the federal flood insurance program, giving it more time ...

From MyNewMarkets.com Contractors and Their Agents Fight to Stay Afloat in Distressed Construction Market

The construction market is showing hints of improvement, if only slightly, according to insurance specialists for this market. The...
Sponsored by: Catlin. An insurer with a passion for knowledge. Click here for more information.
East

Va. Supreme Court: Insurer Not Liable For Claims From Global Warming

The Virginia Supreme Court has ruled in favor of an insurance company in a closely watched legal case involving global warming ...

Pennsylvania Jury Finds Nurse Liable, Awards $23 Million to Amputee

An eastern Pennsylvania jury has awarded more than $23 million to a woman who lost portions of both legs to infection ...

Wells Fargo Insurance Acquires New Jersey-Based Procomp

Wells Fargo Insurance Services has acquired Procomp Benefit Resources Inc., an employee benefits brokerage and consulting firm based in ...
Midwest

Insurance Payments in Joplin, Missouri Recovery Top $1B

Insurance payouts from the May 22 Joplin tornado have exceeded $1 billion, according to the Missouri Department of Insurance. Home, auto ...

Founders Insurance Promotes 2 in Illinois

Sharon A. Poradzisz has been promoted to vice president of personal lines claims and Wade D. Rankin has been promoted to commercial claims ...

Corps Backs Missouri River Study

After months of sustained, historic Midwest flooding and criticism that the government bungled its management of the Missouri River, the ...
Webinar - Register Today: Learn the FOUR most important ways to expand your business
Southeast

Alabama Special Session on Home Insurance Possible in January

The special legislative session that Gov. Robert Bentley has promised on the affordability and availability of homeowners insurance could ...

Churchill Downs Ending Payments for Jockeys’ Off-Track Injuries

Churchill Downs Inc. plans to stop paying the trade association representing jockeys to fund riders' off-track needs, such as benefits or ...

Ex-NBA Player Loses Discrimination Claim Against Georgia Bar

A federal jury on Friday found that an upscale Atlanta restaurant did not violate the civil rights of an ex-NBA All Star and a friend who ...

Former Florida Governor Bush Goes into Disaster Response Business

Jeb Bush, former Florida Governor, has entered into one of the state's for-profit disaster response businesses. Bush has joined O'Brien's ...
South Central

CAA Adds NTX Insurance Group

Austin, Texas-based Combined Agents of America LLC (CAA) announced the addition of it 48th member agency, NTX Insurance Group Inc. Located ...

State Auto Introduces Claims Team at Austin Facility

State Auto Insurance's previously announced Austin, Texas, claims facility is now operational, the company reported. The following ...

Louisiana's Unemployment Rate Falls to Lowest Level for the Year

Louisiana's seasonally adjusted unemployment rate fell sharply to 7.2 percent in August from the July rate of 7.6 percent, and private ...
West

Reno Crash Probe Focuses on Wayward Part

Investigators determined that several spectators were killed on impact at an air race crash in Reno as a 1940s-model plane appeared to lose ...

Southern California City Taking Steps to Keep Its Insurance

La Puente, Calif. may be on the road to keeping its insurance, according to a statewide insurance authority. The Southern California city ...

Report: Colorado and Oklahoma Cities Dominate Top 10 Hail Prone Metro Areas

Metropolitan areas in Colorado and Oklahoma have the distinction of making up more than half the list of top 10 hail-prone areas in the ...
International

Good News – Bad News from the Reinsurance Rendezvous

Generally speaking the reinsurance industry is in good shape, certainly better than it was in 2008 and 2009, when even mighty Swiss Re ...

Aon Report Concludes Piracy Threat Spreading to East Africa Coast

Aon Risk Solutions, the risk management business of Aon Corp., has issued its first in depth report analyzing the threat posed by pirates. ...

Reinsurance Underwriting also Means Risk Management at Endurance

"We need information that can only be gained directly from our clients," said Hans-Joachim Guenther, Chief Underwriting officer of ...

Hurricane Maria Makes Landfall on Newfoundland; Now Post-Tropical

A report from catastrophe modeling firm AIR Worldwide notes that "Extratropical Storm Maria made landfall as a minimal Category 1 hurricane ...

Hamilton Joins UK’s Miller from Bowring Marsh

UK broker Miller announced that it has appointed Gavin Hamilton, previously at Bowring Marsh, to support the company's continued drive for ...
Insurance Journal Blogs

Media Buyers Are from Venus, Media Reps Are from Mars?

For many here on the East Coast, autumn means colorful foliage, crisp cool days, and a tailgate at a football game on the weekend. One gets ...

Join the Insurance Journal Network

Twitter Facebook LinkedIn


Insurance Journal TV

Video thumbnail

9/11 and Terrorism Risk 10 Years Later

The Sept. 11, 2001, terrorist attacks in the United States forever changed how the insurance...
Video thumbnail

What's in a Name? Unitrin CEO Southwell Says A Lot

A legendary insurance company name is back in the headlines. Unitrin Inc. has taken the Kemper...

TV icon Watch more videos at InsuranceJournal.tv

New Discussions in the Forums

Worker's comp commission
Posted: Mon Sep 19 -- The pros to "selling workers comp" is that you're providing a coverage that almost every business (except for one person sole... Big Dog
No Fault insurance question
Posted: Mon Sep 19 -- Driver A and Driver B both reside in a state with no-fault insurance. Scenario 1: Driver A causes a car accident with B's car and both cars... John J90
Should I get Cal. Low Cost Auto Ins. in our office?
Posted: Fri Sep 16 -- Dear All: Our office are thinking to have the Cal. Low Cost Auto Ins. in our office; However I have heard that there are many restriction on... roycheong1031
Do you recommend bonds or crime insurance?
Posted: Fri Sep 16 -- I would say that in many cases there is coverage through a crime policy or endorsement providing employee dishonesty on the victim's package... FurriePrincess
Help our MLR (Medical Loss Ratio )
Posted: Fri Sep 16 -- My company is a platinum representative for Blue Cross, however our MLR with them is 130%. We have stopped submitting apps from people who... cbaw1957
Study tips for the California Life Agent Exam
Posted: Fri Sep 16 -- I too went through prelicencetraining.ripoff. I passed the test by the skin of my teeth and I studied 2 1/2 months. At first, I just read... cbaw1957
Garage Liability and loaner vehicles
Posted: Thu Sep 15 -- "Question: My customer has a GK/GL policy. Customer of his is dropping off her tire at the shop and is turning... Rob

Reader Comments

Lloyd's Syndicate Sues Saudi Arabia for $215M Over 9/11 Claims
Posted: Thu Sep 15 -- Awesome! Go get 'em. Scott Romoser
Federal Judge Rejects Health Insurance Mandate in Latest Case
Posted: Wed Sep 14 -- This has cost our nation MILLIONS, its time for Congress to step up and repeal this law... The uncertainty alone, of the costs and effectsof... mark hester
Google Secretive About 'Super Safe' Robot Car Crash
Posted: Tue Sep 13 -- Google must be testing out my insurance agent to be the first autonomous insurance agency because anytime I ever call or stop by their... jmc
Prices Up in All Commercial Lines: Towers Watson
Posted: Tue Sep 13 -- Funny that I have not seen this when I go out to fight for one of my renewals. Tell this to my competition who is buying commercial business... Sarah
Georgia Court Allows Family's Suit Against Son's Psychiatrist
Posted: Wed Sep 14 -- Pure nonsense! There was a sound medical reason the shrink cut his meds .... to prevent a dangeours syndrome. There was no foreseeability... Jester

Current Issue

Current Issue
Professional Liability Directory, The Best Insurance Agencies to Work For, Employment/HR Issue
September 19, 2011

More Newsletters

Choose Newsletters
Enter Your E-mail

How to Advertise

For information about advertising on this newsletter and Insurance Journal magazines, contact Julie Tinney at (800) 897-9965 x148.
View our Media Kit for advertising options in our magazines and online properties.
Insurance Journal
3570 Camino del Rio North, Suite 200
San Diego, CA 92108
(800) 897-9965
Copyright © 2011 by Wells Publishing, Inc.

No comments:

Post a Comment