Thursday, November 17, 2011

Daily Headlines: Thursday, November 17, 2011

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Insurance Journal Daily Headlines
November 17, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Property Catastrophe Market to See Price Hikes: Lockton

Large catastrophe losses and the prospect of poor investment returns are paving the way for much tougher market conditions for commercial ...

President Obama Insured Against Attack While in Australia

This coverage isn't the U.S. health care law. When President Barack Obama visits Australia's Northern Territory today, he will be presented ...

Western Security Surplus' Stevens Helps Launch Berry Family 5K

On July 3, 2011, while returning to their home in Houston, Texas, from an annual family road trip in Colorado, the Berry family found ...

Caliper's Greenberg Receives Big 'I's' Chairman's Award

The Independent Insurance Agents and Brokers of America (Big "I") recently presented Caliper Corporation's Founder and CEO, Herb ...

Holocaust Survivors in U.S. Seek $20B in Nazi-era Policies

Thousands of aging Holocaust survivors in the U.S. want Congress to clear a path for them to sue European insurance companies they contend ...

Google Tells Congress Online Anti-Piracy Bill Goes Too Far

Google Inc. warned U.S. lawmakers on Wednesday that proposed legislation to crack down on foreign websites selling pirated U.S. movies, ...

U.S. Reserves Right to Meet Cyber Attack with Force

United States reserves the right to retaliate with military force against a cyberattack and is working to sharpen its ability to track down ...

From MyNewMarkets.com Don't Let the Bed Bugs Bite! Managing and Mitigating Bed Bug Exposures

In this Markets in Motion Podcast, Crystal Jacobs, product specialist with Professional Liability Insurance Services (PLIS) Underwriting...
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East

Pittsburgh Medical Center to Appeal $12.5M in Malpractice Verdicts

The University of Pittsburgh Medical Center expects to file an appeal after two Allegheny County juries have awarded $12.5 million in ...

Lockton Hires Benefits Services Consultant in Washington, D.C.

Lockton Benefit Group of Lockton Companies appointed Nicholas Dobelbower as senior consultant for its international benefits services ...

XL's Surety Unit Appoints Executive Underwriter in Baltimore

XL Group's surety unit is expanding with the appointment of James Hoyas as vice president and executive underwriter. He will be based in ...

Soft Market Has Hit Bottom for Commercial Lines, New RIMS Survey Says

Risk and Insurance Management Society's latest survey found average renewal premium rates rising in three out of the four business lines it ...

NYC Health Club Member Sues Over Breakfast Promise

A lawyer says there's no such thing as the free breakfast promised by a high-end New York City health club, and he says he should get more ...
Midwest

Detroit Bar’s Suit Against NBA Star Iverson Dismissed

A federal judge has dismissed a lawsuit  seeking $2.5 million from former NBA star and Detroit Piston Allen Iverson over a 2009 bar fight. ...

Corps: SW Iowa Levee to Remain Vulnerable in 2012

Officials say the levee near Percival, Iowa, that failed in last summer's Missouri River flooding will undergo temporary repairs but will ...

Fast Growth in Price for Non-hospital Services in Indiana Work Comp

The price for non-hospital services in Indiana's workers' compensation system in 2010 was the third highest of the 25 states in a study ...
Southeast

Alabama Man Pleads Guilty in Tornado Fraud Case

A west Alabama man has pleaded guilty to fraudulently claiming disaster benefits following the April 27 tornadoes in Alabama. Officials say ...

Marsh & McLennan Agency Expands in Florida, Acquires Seitlin Insurance

Marsh & McLennan Agency, a New York-based subsidiary of insurance broker Marsh Inc., acquired Seitlin Insurance, one of the largest ...

Florida’s Citizens Plans 19% Rate Hike on High-Value Coastal Condos

Florida residents living in high-value condominium buildings insured by the state's government-run homeowners' insurer could see their ...
South Central

Louisiana Citizens Drops Nearly 11K Policies in 5th Round of Depopulation

Nearly 11,000 homeowners polices once held by Louisiana's property insurer of last resort have been absorbed into the private insurance ...

Lawmaker: Oklahoma Cannot Wait On Insurance Exchange

A legislative panel exploring the impact of the new federal health care law on Oklahoma will likely suggest that the state should do the ...

Texas Family Pleads Guilty in Scheme to Defraud Aflac

Seven family members, including a former Hidalgo County district court probation officer, have been convicted for their roles in a $3 ...
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West

Bozeman City Commission OKs Cellphone Ordinance

The Bozeman City Commission in Montana has voted 4-1 to adopt an ordinance that would prohibit the use of hand-held electronic devices ...

Atlas in Southern California Promotes Boyd to Underwriting Manager

Atlas General Insurance Services has promoted Steve Boyd to underwriting manager. In his expanded role, Boyd will continue to underwrite ...

Arizona County To Pay $1 million in Inmate’s Death

Maricopa County in Arizona is set to pay out $1 million to the family of a man who died while in custody of the Sheriff's Office. The ...

Wells Named Marketing, PR Manager at Atlas in Southern California

Holly Foxen Wells has been promoted to marketing and public relations manager of San Diego, Calif.-based Atlas General Insurance Services. ...

Pipelines at Risk of Failure in Montana, Wyoming

Federal safety regulators disclosed problems Tuesday with oil and other hazardous liquid pipelines at seven major river crossings and ...

Backers of Calif. Auto Insurance Discount Claim Signatures to Make 2012 Ballot

Backers of a persistency initiative on Wednesday said they have gathered the signatures they need to qualify it for the Nov. 6 2012 ballot ...
International

Int’l Chamber of Commerce Survey: ‘World Economic Climate Has Worsened’

According to the World Economic Survey (WES), published by the International Chamber of Commerce (ICC) and the Munich-based Institute for ...

Reuters Analyst Warns World Must Keep Focus on Climate Risk

Gerard Wynn, a Reuters market analyst, has expressed his own views on the necessity of continuing to deal with the challenges presented by ...

Breaking up the Euro? Try Unscrambling an Omelet – an Analysis

Can you unscramble an omelet? That, in essence, is what euro zone leaders and the global monetary policy elite will have to do if the euro ...

Aon, ACE Integrate London Exchange for Accounting and Settlement

Aon Risk Solutions, the risk management business of Aon Corp., and ACE have both announced the "successful implementation of Rüschlikon ...

Torus Strengthens European P&C Platforms with New Appointments

Torus Insurance announced that it has "enhanced its offering in Europe with the appointment of Brian Byrnes as Senior Underwriter for ...

Dobelbower Joins Lockton's International Benefits Practice in Washington, D.C.

Lockton Benefit Group of Lockton Companies announced the expansion of its International Benefits Services practice with the addition of ...

Fitch Affirms Everest Re’s Ratings; Outlook Stable

Fitch Ratings has affirmed the ratings of Everest Re Group, Ltd.'s debt-issuing holding company, Everest Reinsurance Holdings, Inc. and its ...
Sponsored Content

Arrowhead General Insurance Agency Announces the Purchase of FLOW Traffic Control Program

San Diego, CA, 11/17/11 – ARROWHEAD General Insurance Agency, Inc., one of the nation's largest property and casualty insurance general ...

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Pat Ryan Asks, 'Are You Happy?'

Patrick Ryan is an innovator who sees opportunity. And it was opportunity that drove him to...
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Does Innovation Miss the Mark?

Michael Lee, founder, chairman and CEO of the Tower Group, doesn't believe innovation runs...

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New Discussions in the Forums

Customer Retention
Posted: Thu Nov 17 -- agreed.. with both above. If you care then show that you actually care and a client wont dare go somewhere else.. make them feel special.... blennox
IDC-Independent Agent Program
Posted: Thu Nov 17 -- Any one have experience with this company? Seems to provide a platform for more personal lines business. How does it compare to other... broberts1963
Social Media
Posted: Thu Nov 17 -- best thing you can do when someone posts something negative is offer a positive solution on the site where the negative mark was made. Yes... blennox
Insurance Quote For Free!
Posted: Thu Nov 17 -- If you really want some reliable insurance quotes, check out various sites that offer comprehensive quotes. Or you may also opt to consult... robmejia
Ex-Real Estate Marketer Seeks Career Change into Insurance
Posted: Wed Nov 16 -- As you consider a carreer in insurance and discuss your opportunities with agencies, it is important for you to understand the commission... jtownagent
What websites or app are agents using?
Posted: Wed Nov 16 -- Has anyone found any apps that actually work for generating leads? I have been looking in the markets via my phone but I have not found too... blennox
Value-Added Services
Posted: Wed Nov 16 -- How about top-ups or add-ons? robmejia

Reader Comments

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
11/11/11: What's In a Number?
Posted: Thu Nov 10 -- Thoughts and prayers for all of our Veterans both home & abroad, living and deceased. They fought so we can enjoy our freedoms! Never... Wayne Ruggiere
Court: Texas Couple Can Sue Over Dog's Sentimental Value
Posted: Wed Nov 16 -- Hopefully this will open the doors to more lawsuits where an animal is "accidentally" euthanized. Pets should not be viewed as "property" All for the dog!
Initiative to Expand California Prop 103 Ignites Insurance Battle
Posted: Mon Nov 14 -- What Jamie Court is not saying is that Consumer Watchdog stands to make tons of money with their jealth insurance initiative in intevenor... Joe Jimenez
Banks Having to Defend Credit Card Insurance
Posted: Wed Nov 16 -- Why am I not surprised to hear this is a Capital one customer?! UnhappyCapitalOneCustomer

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