Thursday, September 29, 2011

Daily Headlines: Thursday, September 29, 2011

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Insurance Journal Daily Headlines
September 29, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Nationwide and Harleysville Insurance Agree to Merger

Nationwide Mutual Insurance Co. and Harleysville Insurance announced on Thursday, Sept. 29, that they have agreed to a merger. Nationwide ...

Chubb Reports Q3 Disaster Losses Up to $475 Million

Property insurer Chubb Corp. Wednesday warned it would report up to $475 million in pretax catastrophe losses in the third quarter, most of ...

The Hartford Introduces Management Liability Policy For Healthcare Organizations

The Hartford has introduced Private Choice Encore for Healthcare Organizations, a management liability policy that offers coverage for ...

SNL Buys Summit Media’s Financial Information Unit, Highline Data

Summit Business Media has sold its insurance financial information unit. Another financial information firm, SNL Financial, said it has ...

From MyNewMarkets.com Insurer Retools Home Value Insurance Coverage

Home Value Insurance Co. has re-entered the insurance market with a product that promises to protect homeowners from falling home...
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East

Safety Group Says Conn. Blast Shows Need for ‘Gas Blow’ Rule

A national safety group is urging states and regulators to adopt new standards that would ban a pipe-cleaning practice blamed for a 2010 ...

Penn. State Workers’ Insurance Fund Provides Relief to Policyholders

The Pennsylvania Department of Labor & Industry announced relief measures for State Workers' Insurance Fund (SWIF) policyholders ...

N.Y. Official Says Alleged Insurance Scam Artist Caught

New York Attorney General Eric Schneiderman announced the arrest of an alleged scam artist, Arthur Bogoraz, who officials contend devised a ...
Academy of Insurance presents : Advanced Basic Training Course for New Insurance Professionals
Midwest

Tornado Repairs Tracked in Minneapolis

City inspectors are fanning out across north Minneapolis, where some homes remain damaged four months after a tornado strike, to assess ...

For Some in Midwest Deadline for Flood Claims Is Today

The federal government is warning those who suffered losses from Missouri River flooding this summer that deadlines to file insurance ...

E. coli Scare Prompts Tyson to Recall Ground Beef from Kansas Plant

Tyson Fresh Meats Inc. is recalling about 131,300 pounds of ground beef because a family in Ohio fell ill after eating meat produced by the ...
Southeast

Judge Lets Agent Orange Case Against Monsanto Proceed

Monsanto Co. has lost a bid to close part of a lawsuit alleging the company caused health injuries to residents living near a plant that ...
South Central

Power Utility Sued After Massive Texas Wildfire

A utility knew about wildfire dangers amid Texas' severe drought but failed to remove dead trees and branches near power lines that sparked ...

Feds Sue Texas Firm for Firing 600-Pound Employee

The federal government has filed suit against BAE Systems alleging the company has violated disability laws by firing a morbidly obese ...
West

Former Idaho Insurance Investigators Sue Department of Insurance, Others

A lawsuit filed by former Idaho insurance investigators say they were forced out of the Idaho Department of Insurance for turning over ...

California’s Align Financial, Excellere Form Non-standard Auto Insurer

San Diego, Calif.-based Align Financial Group LLC has partnered with private equity firm Excellere Partners, of Denver, to form Personable ...
International

Typhoon Nesat Hits China after Pummeling Hong Kong

Typhoon Nesat hit Hainan Island in south China on Thursday after it swept past Hong Kong, closing financial markets, schools and most ...

UPDATE: Fire Surges at Shell’s Singapore Refinery

There has been a surge in the fire at Shell's Singapore refinery, the Singapore Civil Defence Force (SCDF) said in a statement on Thursday. ...

Aon Benfield: Reinsurers Expected to Pay 2/3 of Australia, NZ Cat Losses

Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp, has issued a bulletin indicating that Australian and New ...

Panel Reports Climate Change to Cost Canada Many Billions

Climate change will cause damage in Canada equivalent to around 1 percent of GDP in 2050 as rising temperatures kill off forests, flood ...

Xchanging Gains Full Control of Brokerage Services Subsidiary from Aon

Xchanging, the London-based business process and technology services provider and integrator, announced that it has "gained full control of ...

Report: Allianz, AXA among Likely Bidders for HSBC Unit Sale

European insurers Allianz and AXA SA are among the potential bidders for HSBC Holdings Plc's sale of its general insurance business, which ...

Best Downgrades, Places on Review Ansvar Insurance (New Zealand) Ratings

A.M. Best Co. has downgraded the financial strength rating to 'B++' (Good) from 'A-' (Excellent) and issuer credit rating to 'bbb' from ...

Ratings Recap: Gulf, Unity Re, Connaught, Macau

A.M. Best Co. has downgraded the financial strength rating (FSR) to 'C++' (Marginal) from 'B' (Fair) and issuer credit rating (ICR) to ...
Webinar - Register Today: Green Risk Series for Insurance Professionals
Insurance Journal Blogs

Voice of Experience: Lessons from Corporate Volunteering Efforts

It's just a couple weeks away: Volunteer Week 2011 is on track to be a record-setting event in the insurance industry. Teams from more than ...

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Insurance Journal TV

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Triage Nurses Cut Costs in Workers' Comp

What if a business could lower its workers' compensation claims costs by as much as 30...
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PURE Innovation

During his 25-year career in the property/casualty insurance business, Ross Buchmueller has...

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New Discussions in the Forums

Insurance to Value on Homes
Posted: Thu Sep 29 -- Since 2004, the company has increased Coverage A (for the insured's peace of mind) from $325,000 to $515,000. After the phone ITV was done... goredsox
Apartment complex wants to be additional interest
Posted: Wed Sep 28 -- Purple I so agree with you on you 'Pet peeve" B. I have had long drawn out arguments with banks on HO6's who think they know better than I... Brenda H
Office manager - HELP with procedures & workload
Posted: Wed Sep 28 -- Look in to this group. I have attended a couple of their sessions that do have a system that really works with workflow to eliminate back... bondgirl12
Social Networking in need of General Liabilit
Posted: Wed Sep 28 -- I am not a lawyer but they may not have liability if they fall under section 230 of the Communications Decency Act. Obviously, they should... ahickmann
3 Properties in Texas?
Posted: Tue Sep 27 -- I write in Texas and there are many companies who write stand alone dwelling policies here in Texas. You may want to try American Risk. It... beyert1
PA Dog Liability to meet State Requirements
Posted: Mon Sep 26 -- Did you try contacting a wholesale broker / MGA to check with non-standard markets? Also, I just found this link on places to find umbrella... azcompanyman

Reader Comments

House Defeats Bill Funding Government; FEMA, Flood Insurance in Doubt
Posted: Thu Sep 22 -- Our elected and appointed representatives should be made to contribute to their health care coverage and pay for their family members... Nancy
Florida Firm to Appeal in Bid for Sunken Spanish Treasure
Posted: Fri Sep 23 -- If Spain ends up winning this, I think the Florida based company should load the coins and treasure onto a ship, stop right ontop of the... Baxtor
IRS Gives Employers Break on Misclassified Employees
Posted: Fri Sep 23 -- Is this the way the IRS lets cheaters like State Farm get away from all the taxes they have avoided since 1998, by calling their agents... IRS Coverup?
Republican Ryan Proposes Individual Health Insurance Tax Credit
Posted: Wed Sep 28 -- 'Giving patients and consumers control over health care resources would make all Americans less dependent on big business and big... The Other Point of View
Senate Poised to Defeat House Spending, Disaster Aid Bill
Posted: Fri Sep 23 -- 'I guess Harry Reid will have to bear the burden of denying the disaster victims the money that they need,' Cantor told reporters. Sorry... The Other Point of View

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September 19, 2011

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