Thursday, October 6, 2011

Daily Headlines: Thursday, October 6, 2011

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Insurance Journal Daily Headlines
October 6, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Republican Report Backs Incentives for Corporate Cybersecurity

A Republican task force in the House said Congress should give companies incentives to boost their cyber defenses, but that tougher ...

Auto Insurers’ Loss Ratios Rise in Q2: SNL Insurance

Tornadoes and thunderstorms in the South and Midwest made the 2011 second quarter tumultuous for U.S. property writers. The industry loss ...

Self-Reported Drunk Driving Incidents Fall

Drunken driving incidents have fallen 30 percent in the last five years, and last year were at their lowest mark in nearly two decades, ...

Jansen and Hastings Launch Cove MGA

Two veterans in the London insurance marketplace have come together again to launch a new underwriting agency with a focus on U.S.-based ...

SLICE-ing Out a Piece of the Market — Insurance for Pizza Parlors

Any way you slice it, an insurance program called "safety, loss control, insurance, coverage, expertise" is likely to get the attention of ...

Execs Form Global Insurance Search Firm

A team of insurance search executives has formed a new firm, Sterling James, to serve the needs of the global insurance industry. ...

From MyNewMarkets.com Top 5 Technology Priorities for P/C Insurers

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

Mass. Agents Gathering Signatures for Insurance Credit Score Ban

A Massachusetts independent agents group said it is confident that banning auto insurers' use of credit scores and other socioeconomic ...

Federal Assistance for Hurricane Irene Tops $5M for Conn. Residents

More than $5,089,356.61 in federal assistance to date has been approved to help Connecticut residents cope with their Tropical Storm ...

N.J. Insurance Veteran Fernandez Wins PIA Award

The National Association of Professional Insurance Agents (PIA) has named New Jersey insurance veteran Edward Fernandez as its 2011 Company ...

TD Insurance Appoints Nash in Maine Office

TD Insurance has appointed Karen Nash as assistant vice president and account administration manager in employee benefits in Portland, ...
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Midwest

Neal to Lead Lockton's Pharmacy Analytics Group

Lockton Benefit Group, a unit of Kansas City, Mo.-based Lockton Companies, has added Orlando M. Neal as director of Pharmacy Analytics. ...

Homeowners Insurer Contributes to Settlement in Wisconsin Polka Suit

A Chippewa Falls, Wis., polka musician has won a court battle involving his ex-wife and her new husband, who he accuses of stealing one of ...

Main Street America Introduces Products to Grain Dealers Mutual Agents in Indiana

The Main Street America Group has introduced its commercial product line, featuring its Main Line Business Owners Policy (Main Line BOP), ...

Main Street America Introduces Commercial Product Line in Indiana

The Main Street America Group announced that its commercial product line, featuring its Main Line Business Owners Policy (Main Line BOP), ...
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Southeast

Florida Lawmakers Contemplate the Future of Citizens

With four months to go before Florida's legislative session, lawmakers are already considering the future of the state's largest ...

Tennessee’s Dollywood Sues German Builder Over Ride Malfunction

The Dollywood theme park in East Tennessee has filed a $500,000 lawsuit against a German company over a ride that park officials claim has ...

Construction Workers Settle in Collapse of Georgia Walkway

An attorney for workers who sued over the collapse of an elevated walkway under construction in the treetops at the Atlanta Botanical ...
South Central

Management of Texas Disaster Fund Worries Feds

Texas' outsourcing of the management of more than $1 billion in federal disaster recovery funds to an engineering firm has raised concern ...

Few Keep Inventory of Home Property

It only takes one fire, tornado or hurricane to completely destroy everything you own. Insurance adjusters frequently work with homeowners ...

IMA Benefits Adds Tanguay as Account Executive in Dallas

Insurance broker IMA Inc. announced that Robin L. Tanguay joined its Dallas office as an IMA Benefits account executive. Tanguay will lead ...

Treasurer: Oklahoma Economy Continues Steady Growth

Oklahoma's economy showed more signs of improvement in September, with increases across all major tax sectors compared to the same time ...
West

Northern California Insurance Fraud Ring Busted

Multiple suspects in an insurance fraud ring have been arrested as a result of indictments handed down by a Contra Costa County Grand ...

Colorado Firms Wright Group and Pells Combine

A pair of Colorado insurance firms have joined forces for an expansion in the area, as well as nationally. The Wright Group Services and ...

Hawaii Insurance Exec Elected to National Safety Engineering Post

Jim Newberry, assistant vice president and risk control manager of Honolulu, Hawaii-based Island Insurance, has been named risk management ...
International

FERMA’s President on the Risk Managers’ Role, Transparency, Innovation

Peter den Dekker has been a busy man. However, the President of the Federation of European Risk Management Associations* (FERMA) took time ...

HSBC Approaches Japanese Insurers on Sale of Non-Life Unit

HSBC Holdings has approached the top three property/casualty insurers in Japan about the sale of its non-life insurance business, which ...

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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

Condos in CA owned by LLC
Posted: Thu Oct 6 -- Insured which is a LLC who owns 20 separate condo units.. Different locations. They are looking for liability and the inner wall... trotter
Carrier Login credentials & agency staff
Posted: Wed Oct 5 -- Most of our business is with 8-10 P/C companies. Most companies require separate producer codes for each branch location. The challenge... threed
Hazardous waste hauler
Posted: Wed Oct 5 -- Hello; Looking for a market to satisfy California filing MCS-90 auto liability. They transport household chemicals to a permanent recycling... katmar65
Social Media
Posted: Tue Oct 4 -- I'd like to invite agents and company folks to participate in a survey we put together to gather some good, and more reliable, data on how... JasonBHBCo
Attorney considering CPCU- thoughts?
Posted: Tue Oct 4 -- If choose between ARM and CPCU I'd choose the latter ast gives you more options (imo, sure) lawyevara
Professional indemnity insurance for individual partners
Posted: Tue Oct 4 -- Have any of you come across a situation in which partners of an unlimited liability partnership obtain professional indemnity insurance to... hksb
Super Newbie
Posted: Mon Oct 3 -- Make sure you are passionate about your work. Help your insured. Let them know and TRUST that you will be fair and be there in their time of... roofmaster417
Do you purchase Damage Waiver when renting a car?
Posted: Mon Oct 3 -- While I usually tell my customers who ask, that their policy has coverage that will respond to the damage to a rental vehicle, I also... Brenda H

Reader Comments

Feds Sue Texas Firm for Firing 600-Pound Employee
Posted: Thu Sep 29 -- How in the world is someone being overweight a danger to all other employees? Fear he might fall over on one of them? Seriously. If a person... TN
Judge Lets Agent Orange Case Against Monsanto Proceed
Posted: Thu Sep 29 -- I revel in any event that throws a wrench in the gears of this machine of evil. Only people can be evil, but the totality of the... Stephon Smith
Nationwide, Harleysville CEOs Reassure Agents: Merger All About Growth
Posted: Fri Sep 30 -- Watch out Harleysville employees. I can see a downsizing and takeover with Nationwide in charge. It happens every time with mergers. Longtime Agent
Nationwide and Harleysville Insurance Agree to Merger; Analysts Respond
Posted: Thu Sep 29 -- I'm not sure what to think of this. Harleysville has great products and pricing, but terrible service. Allied has much better service, but... Agent for both
Chartis to Trim Workforce
Posted: Wed Oct 5 -- The 2008 Financial Crisis continues to affect employment as another 400 or so employees will lose their jobs. Sad that so many hard working... The Other Point of View

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