Friday, October 14, 2011

Daily Headlines: Friday, October 14, 2011

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Insurance Journal Daily Headlines
October 14, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

SEC Asks Companies to Disclose Cyber Attacks

U.S. securities regulators formally asked public companies for the first time to disclose cyber attacks against them, following a rash of ...

How Hospitals Benefit from Data-Rich Malpractice Insurers

Hospitals and hospital groups should seek clarity from their malpractice insurers on the loading applied to premiums to account for claims ...

Ratings Recap: HSB, Southern General/Green Star, DAKOTACARE

A.M. Best Co. has upgraded the financial strength rating (FSR) to A++ (Superior) from 'A+' (Superior) and the issuer credit ratings (ICR) ...

S&P Further Downgrades Ratings of Mariah Re Notes

Standard & Poor's Ratings Services announced that it has lowered its rating on Mariah Re Ltd.'s Series 2010-1 notes to 'CC(sf)' from ...

Top 10 Excuses From Drivers Caught Using Phones

The Insurance Corporation of British Columbia, a Canadian auto insurer, released last week a list of top excuses from local motorists when ...

IronHealth Introduces Adverse Health Survey Cost Coverage for Nursing Homes

IronHealth, the specialty healthcare unit of Ironshore Inc., has introduced a companion policy for existing insurance clients to complement ...

Independent Agencies Showing Signs of Recovery, Says Big ‘I’ Study

Things are looking better for the nation's property/casualty independent insurance agencies. Organic growth for these agencies improved ...

Tech Chiefs Take on Standards, iPad, Light Bulb at Surplus Lines Conference

Thomas Alva Edison would have been glowing had he been at the "Technology Issues in the U.S. & U.K." panel discussion at the annual ...

From MyNewMarkets.com Booming Adult Long Term Care Market's Worries Include Kids, Cuts, Coding

A combination of delayed claims, soft pricing, government regulation and cuts, as well as economic issues could be enough to turn the market...
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East

Connecticut Regulators to Revise Hurricane Deductible Rules

Connecticut insurance regulators are working on revising hurricane deductible rules in the wake of tropical storm Irene. The insurance ...

Penn.-based Insurance Agents & Brokers Hires Brinjac

Insurance Agents & Brokers Services Group in Pennsylvania appointed Lauren Brinjac as government affairs director. In her role, Brinjac ...
Midwest

South Dakota Court Upholds Damages for Injured Railroad Worker

The South Dakota Supreme Court has upheld a jury's decision to award $300,000 in damages to a Dakota, Minnesota and Eastern Railroad ...

Man Shot During Minnesota Drug Bust Gets $350K from County Insurance

Minnesota's Stearns County's insurance trust has paid $350,000 to a man who was shot in the back by a sheriff's lieutenant during a drug ...

Ohio Motorcycle Fatalities Decline This Year

Ohio is seeing fewer deaths from motorcycle crashes, even as more Ohioans are becoming eligible to drive choppers. State Department of ...
Webinar - Register Today: How to Rank Your Business in Google Local Search Results
Southeast

Florida’s Citizens Approves Rate Hikes Including for Sinkhole Coverage

Florida residents covered through the state's largest homeowner insurer will soon pay more for coverage after the insurer ratified a ...

Kentucky Mining Company Sued Over Flooding Death, Damage

A lawsuit filed by residents in southeastern Kentucky blames a mining company's surface mining practices for stoking a flood that killed a ...

Widow Sues Tennessee Veterans Hospital Over Husband’s Suicide

The widow of an Iraq war veteran from Tennessee claims in a lawsuit that the Veterans Affairs was negligent in failing to diagnose and ...

Florida County Encounters Problems with Breath Test Machines

Prosecutors in Florida have decided not to use alcohol breath-test results in about 100 current driving under the influence (DUI) cases in ...
South Central

Homes Abandoned After Ike Remain in Texas City

The modest home on South Clover Street is, quite simply, a wreck. Waist-high ragweed chokes front and back yards. Rusting appliances and ...

Louisiana Woman Sues Facebook Over Cookies

A Louisiana woman is suing Facebook over allegations that the social networking site collects and stores users' Internet browsing history ...
West

Report on Destructive Colorado Fourmile Fire Due Out Today

A preliminary report on the Fourmile wildfire in September, 2010, considered one of the most destructive in Colorado history, is due out ...
International

Report AXA, Generali, Tokio Marine, MS&AD Submit Bids for HSBC Unit

European insurers AXA SA, Assicurazioni Generali SpA, Japan's Tokio Marine and MS&AD Insurance Group are among suitors to submit first ...

AIR Estimates Insured Losses from Hurricane Jova at Less than $52 Million

Catastrophe modeling firm AIR Worldwide, estimates that insured losses caused by Hurricane Jova from flood-induced damage, as well as from ...

UK Conference Panel Calls for Closer Collaboration with IT Managers

A panel of insurance technology experts has assessed the challenges national and multinational insurers face and how IT (information ...

Ex-AIG Unit AIA Group’s Growth Jumps in Q3 as Insurance Demand Rises

AIA Group Ltd, Asia's No.3 insurer, said growth accelerated in the third quarter, with its value of new business rising 53 percent as ...

UK’s Pioneer Appoints Comes New Senior Underwriter

The UK-based Pioneer Underwriting Ltd, the MGA subsidiary of the independent specialist broker BMS Group, announced the appointment of ...

Best Affirms Aspen UK, Bermuda Companies and Subs Ratings; Outlook Stable

A.M. Best Europe – Ratings Services Limited has affirmed the financial strength ratings of 'A' (Excellent) and the issuer credit ratings ...
Insurance Journal Blogs

What is it About the PRIS Designation

The Property Risk Insurance Specialist (PRIS) program is an intense, three-day study of all areas of property insurance developed by Insurance Partners Academy and contributed ...

4th Quarter Activities

4Th Quarter Activity Everyone understands the concept of spring cleaning and the activities associated with renewal after winter.  In our ...

SEO Marketing is Sooooo 90s. Wait, What!?

If you haven't heard of the term SEO yet and don.t know of its power in the marketing world: the 90's called and they want their Game Boy back. ...

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Insurance Journal TV

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Thinking Globally, Operating Locally

All insurance is regional, according to conventional wisdom, so maintaining strong local...
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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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New Discussions in the Forums

$1,000,000 in Premium 1st Year - New Venture Limo Accounts
Posted: Thu Oct 13 -- Yes, LimoIns is correct. The LimousineGuard aka the old LimoPro Program through Hartford is still alive and kicking. Recently hooked up with... Al_Ochosa
Value of a NJ IA?
Posted: Thu Oct 13 -- I am looking to purchase an IA in NJ and wanted to know what the fair market value would be? I understand thaere are many variables to take... Steve G
Should I get Cal. Low Cost Auto Ins. in our office?
Posted: Thu Oct 13 -- There are many insurance companies in California that offers competitive auto insurance quotes, and they do come with different discounts to... rooyoo
Can you get different rates for same insurer?
Posted: Thu Oct 13 -- In my experience, the discretionary credits that carriers apply can be different depending on the agency. The underwriters who I have a good... ocbroker
Buying IA - Current Multiplier?
Posted: Wed Oct 12 -- I am currently captive and considering the purchase of an established, healthy IA. I know there are a plethora of variables, but given:... ArizonaJenn
Homeowners w/o Social Security #
Posted: Wed Oct 12 -- If you don't have a social security number, you need an ITIN to get a bank account. Generally, you need to file a tax return to get an ITIN.... Detroitgirl
Why bother with an agency management system?
Posted: Wed Oct 12 -- The problem with most of the systems today are quite simple, they are designed for the office with lots of Agents, multiple locations and... beyert1
Social Media and its potential
Posted: Tue Oct 11 -- I know there is a quick survey at the top of this thread, but I'd like to throw out a bit more of a questionnaire... If you'd like to share... JasonBHBCo
Marketing Marketing Marketing
Posted: Tue Oct 11 -- If you'd like to share what is working with you, and more importantly, like to hear what works at other agencies (and companies), I invite... JasonBHBCo

Reader Comments

The Hartford Plans Staff Cuts; Sells Subrogation Services Unit Trumbull
Posted: Fri Oct 7 -- How about you pull your head out of your butt and stop living off your daddys money. How about you go out and get a real job and put in a... Ken
Hartford Is Latest Site of Wall Street Protest
Posted: Tue Oct 11 -- Right now this is a fun fall picnic. Lets see how committed to the cause the protesters/campers are once its 45 degrees and rainy outside. LaMichael
Officials Urged to Keep Minimum Health Benefits Affordable
Posted: Fri Oct 7 -- How about not rolling it out? How about defunding it and repealing it and starting over with private market solutions and no government... Longtime Agent
In Few Years, Social Network Data May Be Used in Underwriting
Posted: Thu Oct 13 -- Who'd a thunk that "Big Brother" would end up watching us through FaceBook? As IF credit scoring isn't invasive enough, we will now soon be... Dee
Allstate Closes on $1 Billion Acquisition of Esurance, Answer Financial
Posted: Fri Oct 7 -- Looks similar to the Farmers acquisition of 21st Century, an online platform to compete with its own agency marketing system. Kevin

Current Issue

Current Issue
Surplus Lines: State of the Market / NAPSLO Issue, Lloyd's Syndicate Spotlight, Agency Financial Products Directory (Banks, Funding, Capital for Acqui
October 3, 2011

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