Thursday, October 27, 2011

Daily Headlines: Thursday, October 27, 2011

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Insurance Journal Daily Headlines
October 27, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

High Hopes for High Tech: Interview with New Applied Systems CEO

Insurance agencies are under pressure to quickly adopt new technologies in order to keep up with competitors, according to a newcomer to ...

Auto Claims Considered Total Loss Deliver Less Customer Satisfaction: J.D. Power

Auto insurance claimants who incur a total vehicle loss are notably less satisfied with the claims experience than claimants who incur a ...

RIM Hit with Consumer Lawsuits over BlackBerry Outage

Consumers in the United States and Canada have sued Research in Motion for a days-long service outage on BlackBerry devices that rippled ...

Willis Expands North America Construction Practice

Willis North America made a series of key appointments to its construction practice. John Nissley has been appointed practice leader for ...

EBRM Launches BCS Errors & Omissions Insurance

EBRM has launched a new BCS errors & omissions policy available only to authorized agents of EBRM, a general agency of Blue Cross and ...

From MyNewMarkets.com Inconsistency Is the Norm in Construction Liability Coverage

In construction liability insurance, there is a great deal of inconsistency in determining whether faulty workmanship is an occurrence. The...
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East

Massachusetts Agents Drop Ballot Effort on Credit Ban

The Massachusetts Association of Insurance Agents (MAIA) has agreed to a request from state lawmakers to withdraw the ballot initiative it ...

Group Challenges Secret Court Arbitration in Delaware

An open-government group on Tuesday, Oct. 25, challenged a law that allows members of Delaware's Court of Chancery to preside over secret ...

Insurance Industry Charitable Foundation to Host Benefit Dinner

The Insurance Industry Charitable Foundation (IICF) New York/Northeast division will hold its 2011 benefit dinner on Dec. 14. "There are so ...

Capital BlueCross Begins Offering Insurance for Furry Pals

Harrisburg, Penn.-based health insurer Capital BlueCross is now offering insurance for the four-legged pals. The company said it is teaming ...

XL Hires Three New Underwriting Managers in Hartford

XL Group's insurance segment hired three new inland marine underwriting managers. The new executives are: Anne Marie Elder as senior vice ...

Chartis Appoints Chief Underwriting Officer for Global Commercial Unit

Chartis has appointed Tim Carter as chief underwriting officer for the company's global commercial insurance unit. He will be responsible ...
Midwest

Missouri Judge Declares Mistrial in $700M Tobacco Lawsuit

A judge in Missouri has declared a mistrial in a $700 million lawsuit against Philip Morris USA, after jurors failed to reach agreement on ...

Wisconsin Home Explosion Victims Get $5M

A furnace installation company and its insurer have agreed to pay $5 million to the victims of a fatal home explosion in Sun Prairie. ...

Ohio Businesses Awarded More Than $200K for Workplace Safety

The Ohio Bureau of Workers' Compensation (BWC) reported that 10 Ohio businesses received more than $217,000 in safety intervention grants ...
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Southeast

Alabama Regulators Call for Hearing on Proposed Workers’ Comp Rate Decrease

Alabama regulators are preparing to hold a public hearing on a proposed statewide average 9.3 percent decrease in the state's workers' ...

West Virginia Insurers Pay More for Deer-Related Auto Accidents

West Virginia auto insurers are paying more for deer-related accident claims despite the fact that fewer drivers are involved in ...

What Should Florida Do to Fix Citizens, Property Insurance? Share Your Ideas

As Insurance Journal has reported, Florida lawmakers are considering the future of the state's largest homeowners' insurer, Citizens ...

Ex-Mine Official Convicted in Deadly West Virginia Disaster

The former security chief at a West Virginia coal mine where 29 miners died last year was convicted of two felonies Wednesday, the U.S. ...
South Central

Accountant Pleads Guilty in Houston in Fake Insurance Scheme

A third man has pleaded guilty to conspiracy to launder money in a scam involving the sale of bogus insurance to a New York tour operator ...

Texas Man Sentenced to Prison for $600K Insurance Scam

A Texas man has been ordered to serve more than seven years in prison and repay nearly $583,000 over investment fraud. A federal judge ...

LevelFirst Appoints Campbell as Marketing Director; Adds Production Staff

Dallas-based LevelFirst has named Toni Campbell director of Marketing. Campbell will oversee all marketing efforts for the newly formed ...

Oklahoma Attorney Pleads Guilty to $1M Workers' Comp Fraud Case

A longtime Tulsa, Okla., criminal defense attorney has pleaded guilty in Tulsa County District Court for his role in helping embezzle more ...
West

Sena Named Account Executive at Willis Construction Northern California

Brian Sena has been appointed account executive of Willis Construction Practice and made responsible for account management on key ...

California AG Sues Water Bottle Companies over Biodegradability Claims

Attorney General Kamala D. Harris filed a "greenwashing" lawsuit on Wednesday against three companies alleged to have made false and ...

California Supreme Court Denies Petition on Ogilvie

The California Supreme Court on Wednesday rejected San Francisco's petition for review on Wednesday of the First District Court of Appeal's ...

Poms & Associates' Colorado Office Names Regional Director

Rick Ninneman has joined Poms & Associates Insurance Brokers Inc.'s  Colorado office as regional director. Prior to Poms,  Ninneman ...
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International

Markets Cheer Euro Deal But Questions Remain

The euro and stocks rallied on Thursday after European leaders struck a deal to provide debt relief for Greece, but analysts warned the ...

AIR Reports on Heavy Rains, Floods in Ireland, Southwest England, Wales

Catastrophe modeling firm AIR Worldwide has issued a bulletin on the "torrential rainfall" that has "caused widespread disruption and ...

ABI Assures UK Flood Victims Insurers Ready to Help

The Association of British Insurers (ABI) has issued a bulletin advising "anyone who has suffered flood damage as a result of the heavy ...

Third Quarter Earnings Reports: ACE Limited; Arch Capital

Chairman and CEO Evan G. Greenberg commented: "ACE had outstanding operating results in what were very difficult financial market conditions. All principal ...
Sponsored Content

Pacific Claims Services, a Subsidiary of American Claims Management, Appointed Jayne Miller as Vice President of Managed Care

San Diego, CA, 10/27/11 - Pacific Claims Services, a subsidiary of American Claims Management, Inc., has appointed Jayne Miller as vice ...

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FERMA Growth Assured as Den Dekker Steps Down

Peter den Dekker's tenure as president of the Federation of European Risk Management...

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New Discussions in the Forums

Marketing Marketing Marketing
Posted: Thu Oct 27 -- All these marketing strategies will only be effective if paired with hardwork and dedication. A good agent, after all, succeeds when he puts... robmejia
Insurance for DJ's
Posted: Thu Oct 27 -- Is it necessary for DJ's to have an insurance when it isn't really a risky job? Probably, like any other individual, he would need a life... robmejia
What is the Purpose of An Agency Website?
Posted: Wed Oct 26 -- Good points! I think an agency website should be informative too. It should not be all about marketing. Readers must be able to get helpful... sethm
Book recommendation for starting an agency?
Posted: Wed Oct 26 -- Get the book entitled "Power Position Your Agency: A Guide to Insurance Agency Success." I read this book a few years ago. It's a good... sethm
Can you get different rates for same insurer?
Posted: Tue Oct 25 -- One assist is to have a homeowner install a professional monitoring system which will qualify them for anywhere between a 8-12% discount on... mgoodfriend
Android Applications/Insurance Related
Posted: Mon Oct 24 -- I have an android tablet and love it. Many of the companies are slowly coming out with applications but you are limited. Now, as for the... beyert1
Combinability of Interest
Posted: Thu Oct 20 -- When there is common ownership despite the % in entities that are SPE, and LLC's for single project, they can be combined under one policy -... shellilk
Salary- CPCU
Posted: Thu Oct 20 -- In my career, the CPCU designation has served me well both as an underwriter and now as a broker. It is an excellent door opener to get... mszleszinski

Reader Comments

Georgia Court to Weigh Alligator Claim Against Homeowners Association
Posted: Fri Oct 21 -- Seeing an alligator up close and personal could cause me to code, too. NG
Accident Fund Will Cover Comp Claim for Joplin Tornado Survivor
Posted: Tue Oct 25 -- Sanity prevails! How refreshing! This poor fellow exposed himself (gosh that sounds wrong) to a higher degree of risk by attempting to save... reality bites
More Unfit Floridians Have Driver's Licenses Yanked
Posted: Tue Oct 25 -- When my Mom was approaching 90 she went to the Ohio deputy registrar office to renew her license. Part of the process is an eye test and she... Waterbug
Florida Man Wins $1M Claim Against South Carolina Lawyer
Posted: Tue Oct 25 -- Now that's a true feel good story! Johnny Cockrun
West Virginia Judge Affirms $91M Damage Award Against Nursing Home
Posted: Mon Oct 24 -- $91,000,000?? For an 87-YO person? That's a lot of money for pain + suffering + loss of consortium. My parents aren't too much younger so I... reality bites

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Current Issue
Focus on Professional Liability / PLUS, Law Firm Directory, Commercial Property, Insurance Geek Issue - What's New in Technology
October 17, 2011

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