Monday, November 14, 2011

Daily Headlines: Monday, November 14, 2011

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

Today's Headlines

National

Supreme Court to Hear Healthcare Law in March

The Supreme Court agreed Monday to decide the fate of President Barack Obama's healthcare law, with an election-year ruling due by July on ...

Employer-Sponsored Health Insurance Hits New Low

The percentage of Americans who have health insurance through their employer slipped to a new low of 44.5 percent in the third quarter, a ...

Nationwide Posts Q3 Loss on Weather, Interest Rates

Nationwide Mutual reported a third-quarter loss Friday, as the property insurer said it was hurt by investment losses and continuing high ...

S&P Affirms Marsh Mac’s Ratings; Outlook Revised to Stable

Standard & Poor's Ratings Services has revised its outlook on Marsh & McLennan Cos. to stable from negative, and has affirmed its ...

WRM America Completes Acquisition of Fidelity National Indemnity

WRM America Holding Company, a specialty lines P/C insurance and risk management holding company, completed the acquisition of Fidelity ...

Small Business Owners Report High Trust in Agents, Survey Reports

Small business owners trust their independent insurance agents and commercial insurance carriers more than other financial services ...

Vanliner Launches Affinity Program for Arpin Moving and Storage Agents

Vanliner Insurance Co., an insurer in the moving and storage industry, has introduced the Arpin Affinity Program, an insurance product ...

Travelers Forms Clean Energy & Technology Practice

The Travelers Companies, Inc. have formed the Clean Energy & Technology Practice. This new practice offers clean energy and ...

From MyNewMarkets.com Why Real Estate Professionals Need E&O Coverage

As real estate professionals know well, most signs point to slow progress in real estate industry growth. Professionals are left to manage...
East

More New York Courts to Focus on Medical Malpractice

New York courts specializing in the state's 4,000 medical malpractice cases filed each year have begun expanding following the success of a ...

Connecticut Hearing to Look at Insurers’ Storm Response

State lawmakers want to learn more about how the insurance industry responded to the two recent storms to hit Connecticut -- the remnants ...

Dominion Virginia Power to Appeal Asbestos Exposure Fines

A Dominion Virginia Power spokesman says the company will appeal fines issued by the state over asbestos at its Surry nuclear power plant. ...

Connecticut Governor Requests Major Disaster Declaration

Gov. Dannel P. Malloy is asking President Barack Obama to issue a major disaster declaration for Connecticut following last month's freak ...

Feds: Amtrak to Pay $171,000 in Philadelphia Worker’s Bias Suit

Federal officials say Amtrak has agreed to pay $171,000 and take other actions to settle a federal discrimination lawsuit on behalf of a ...
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Midwest

Michigan Motorcyclist Loses Accident Claim Due to Imprecise Location

There is no dispute that a motorcyclist suffered leg and ankle injuries that required surgery. But Kevin Agee's lawsuit against the state ...

Nielsen Named Commercial Claims Manager at Founders Insurance

Matthew J. Nielsen has joined the Founders Insurance Co. of Des Plaines, Ill., as commercial claims manager. Nielsen's responsibilities ...

MJ Insurance Adds 4 New Employees in Indiana

Privately-held independent insurance agency, MJ Insurance, has added four employees to its Indiana operations. Recent additions include ...

Michigan Senate Approves Health Exchange Measure

The Republican-led Michigan Senate has taken an initial, hesitant step toward setting up a state health insurance exchange that would be ...

North Dakota House Rejects Health Insurance Exchange

Angered by a federal health care law that most of them despise, North Dakota House Republicans defeated legislation to give state officials ...
Southeast

Florida’s HomeWise Continues in Run-Off; Sells Louisiana Policies

Florida-based HomeWise Insurance Co. is now is full run-off mode as it attempts to pay all outstanding claims and other debts in order to ...

What Options Do HomeWise Customers Have in Homeowners Choice Deal?

Florida policyholders of HomeWise Insurance should not see dramatic changes in their renewal premium if their policies are taken over by ...

Kentucky County Settles Employees’ Political Retaliation Claim

Kentucky's  Pulaski County Attorney and six former employees have settled a lawsuit alleging they were fired for supporting someone else ...
South Central

Louisiana Citizens Increases Commercial Premiums

The board of the Louisiana Citizens Property Insurance Corp. has given final approval to a 22.1 percent rate increase for its 5,734 ...

Arkansas Jury Awards $7M in Fatal Truck Accident

A federal jury has awarded a $7 million judgment to the family of a Farmington, Mo., truck driver killed when his vehicle collided with ...

Lighthouse Acquires HomeWise Louisiana Policies

Lighthouse Property Insurance Corp. (Lighthouse), a Louisiana domestic insurance company has acquired the Louisiana homeowners policies of ...

Fort Worth CPCU Society Chapter Awards 12 Scholarships

The CPCU Society's Fort Worth Chapter presented 12 students with scholarships on Oct. 24, 2011. The recipients were Risk Management & ...
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West

Report: Questions Raised on Bay Bridge safety test

A California Department of Transportation technician responsible for crucial seismic tests to ensure the safety of the new San ...

IMDb Strikes Back at Actress Suing Over Age Disclosure

The Internet Movie Database is fighting back against the anonymous actress who sued the service last month for revealing her age, The ...

Montana's Occupational Injuries Down

The Montana Department of Labor and Industry's annual survey of occupational injuries and illnesses shows injuries and illnesses in private ...

Oregon’s Consumer and Business Department Names Premium Assessment Rate

An assessment rate of direct earned premium is necessary for the Oregon Department of Consumer and Business Services to carry out its ...

Petersen International Adds to its Marketing and Communications Department

Ryan Petersen has been appointed creative director of Valencia, Calif.-based Petersen International Underwriters, and Dane Petersen has ...

Initiative to Expand California Prop 103 Ignites Insurance Battle

A ballot initiative to expand the scope of California's Proposition 103 to include health insurance could also impact the auto insurance ...
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International

FERMA Pushes Brazil to Relax Reinsurance Regulatory Restrictions

The Federation of European Risk Management Associations (FERMA) announced that it has sent "specific recommendations to the Brazilian ...

Spate of Disasters Exposes Supply Chain Weakness

When flood waters rose in Thailand, Wal-Mart stores in Japan ran out of mouthwash. "We were out of mouthwash in Japan for about four ...

Allianz Q3 Net Profit Hit by ‘Market Turmoil; Figures Show Decreases

Allianz reported Net income of €258 million [$353.46 million] for the third quarter of 2011, compared to €1.268 billion [$1.737 ...

Liberty Mutual Completes Deal for Ireland’s Quinn Insurance Operations

The Boston-based Liberty Mutual Group announced it has successfully completed the planned acquisition of Quinn's Irish insurance ...

AmWINS Confirms Intention to Acquire London-based THB Group plc

Charlotte-based AmWINS Group, Inc. has confirmed that it intends to acquire THB Group plc of London. AmWINS said the "Independent Directors ...

Best Issues Special Report on New Zealand's Non-Life Insurance Market

A new report from A.M. Best examines New Zealand's non-life insurance market, which it describes as being "in a state of transformation ...

Lockton Now Trading by ‘e-Accounts’ in London Market

International broker Lockton announced that its London operations have "commenced trading with e-Accounts, the initiative which enhances ...

RSA Makes Changes to Operational Structure, Executive Team

UK-based RSA has announced announces a number of changes to the Group's operating structure and Executive Team. As of January first the ...

MMA (UK) Revamps Shops, Offices, Surgeries Products for Brokers

MMA Insurance (UK) announced that it "has enhanced its Shops, Offices and Surgeries products with a new level of rating sophistication on ...

Does the Legacy of the Great War Still Haunt Europe?

As Americans and much of the rest of the world pause to honor the men and women who have served their country, one is reminded of the ...
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New Discussions in the Forums

What websites or app are agents using?
Posted: Thu Nov 10 -- Sethm, Could you be more specific regarding what software you use? Thanks, twobeacon
Energy Savings Insurance (ESI)
Posted: Thu Nov 10 -- According to an article I read, like any other insurance, ESI has its risks and coverages. Below are a few of them: - Not performing... robmejia
Business Loss - Travel Insurance
Posted: Thu Nov 10 -- Hi forumquestions, Can you elaborate on your question please? I'm wondering how business loss can be connected with a travel insurance. robmejia
Identity Theft coverage
Posted: Thu Nov 10 -- I read an article stating that it is stupid investment that one mustn't take. It's coverage is so small that it's basically a waste of... robmejia
Chicago IL area insurance agencies who sell TRAVEL Insurance
Posted: Thu Nov 10 -- There are various companies online who sell travel insurance depending on the location they're residing. I'm wondering this kind of... robmejia
Internet Seach Company
Posted: Thu Nov 10 -- Yeah I agree with chizcurl. It's better to have an in-house SEO so your website can be optimized thoroughly and continuously. It might also... robmejia
Inland Marine Fraud
Posted: Wed Nov 9 -- Our agency recently wrote an Inland Marine policy for a business that needed coverage for about $230K worth of equipment financed by a large... threed

Reader Comments

Appeals Court Upholds Obama Healthcare Law
Posted: Tue Nov 8 -- Liberal legislation from the bench again. Just read the Constitution. General Welfare clause my A*s. Whats to prevent the Fed from telling... Sarah
Insurers, Policyholders Clash Over Business Interruption Claims
Posted: Mon Nov 7 -- The argument that the hotels would have profited from the hurricane if they hadn't been impacted is totally self-serving and illogical. If... Scott
S&P Lowers State Auto Group's Operating Company Ratings to 'BBB+'
Posted: Thu Nov 10 -- It's a shame what has happened to this company - once such a solid and reliable performer for its policyholders and investors. I think they... Donna Richards, AIC
Wisconsin Teen Settles Police Dog Bite Claim
Posted: Mon Nov 7 -- It is the "cheaper to settle" attitude that costs all of us in the future. $200k is a lot to pay when you've done nothing wrong and for a... hakadjuster
11/11/11: What's In a Number?
Posted: Thu Nov 10 -- 11/11/11 is ARMISTICE DAY. The moment millions and millions of people stopped slaughtering each other is sacred and should never be... MP

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