Tuesday, November 15, 2011

Daily Headlines: Tuesday, November 15, 2011

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Insurance Journal Daily Headlines
November 15, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Factory Dust Explosions Killing Workers While Safety Rules Lag

Each year, people are killed and maimed by explosions of finely powdered wood, metal or chemicals at factories around the country. Safety ...

Lender Liability Waivers Key to Mortgage Refinance Deal

The reach of a government effort to help distressed homeowners refinance their mortgages could be largely determined by details on lender ...

Merck Settles Vioxx Suits from New York, Florida, South Carolina

Merck & Co. has reached settlements to resolve lawsuits from the states of New York, Florida and South Carolina alleging the company ...

NIF Group Launches Social Services Product with Admiral Insurance

NIF Group, Inc., a program administrator and specialty brokerage firm, launched a new product to address retail agency's needs in ...

Judge Allows Alabama, Louisiana to Seek Punitive Damages in Oil Spill

A federal judge Monday said Alabama and Louisiana may seek punitive damages from companies including BP Plc for damages arising from last ...

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

Agencies Saw Business Interruption Claims After October Nor’easter

Local agencies in the Northeastern region say they saw cases of business interruption claims following the unusual, freak snowstorm that ...

Not Enough Drivers Realize Dangers of Drowsy Driving, Insurer Says

Drunk driving, impaired driving and distracted driving stories frequently make news headlines, but what about drowsy driving? According to ...

Lawyers, Firms Line Up as MF Global Crumbles

Just days after the collapse of MF Global, a healthcare plaintiffs' lawyer registered the domain mfglobal-lawsuit.com -- a sign of the ...
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Midwest

Kansas Earthquake Risk Rated Low

When it comes to the threat of damage and chaos from disasters in Kansas, earthquakes rank nearly at the bottom of the state's list of ...

CNA Select Risk Appoints Bladek AVP, Casualty

Chicago-based CNA Select Risk, which includes excess and surplus (E&S) business, as well as wholesale property accounts, appointed Rich ...

North Dakota Senate Approves $600M Disaster Package

North Dakota's Senate unanimously approved a $639 million disaster relief measure that includes money for low-interest home loans, road ...
Southeast

Tennessee Alters Surplus Lines Licensing

The expiration date for surplus lines licenses in Tennessee will soon have to coincide with the expiration of an agent's primary insurance ...

Johnson Brothers Head Towers Watson Reinsurance Office in North Carolina

In a move that expands its reinsurance brokerage business in the Southeast, global professional services company Towers Watson has ...
South Central

Texas Surplus Lines Professionals: Late-file Bill a Victory but Issues Remain

The passage of a bill addressing late filing of surplus lines policies in the 2011 Texas legislative session was a victory for surplus ...

Agents Say Arkansas Earthquake Insurance Sales Up

Insurance agents say the recent 5.6 magnitude earthquake in Oklahoma has led many Arkansans to add earthquake insurance to their homeowner ...

Gropp to Lead Texas Surplus Lines Association

Susan Gropp has been elected president of the Texas Surplus Lines Association Inc. Gropp, executive vice president of Arcana Insurance ...
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West

Insurance Executive: IMDb's Counter Against Actress Is Savvy Business Move

The Internet Movie Database's decision to battle the anonymous actress who sued it for revealing her age may not only be a good defense ...

Oregon Pays Big Bucks to Contractors

Oregon may be in the middle of a budget crisis, but that hasn't stopped state officials from committing nearly $10 billion to outside ...

Willis Names Burwell as Northern California Construction Practice Leader

Willis North America has named Ric Burwell as construction practice leader of northern California. Burwell, who takes over immediately, ...

Leadership of Zenith National Insurance Corp. to Change Hands

Stanley Zax, president and CEO of Woodland Hills, Calif.-based Zenith National Insurance Corp., will be retiring, and COO Jack Miller will ...

Southern California Man Electrocuted by Fallen Power Line

A Southern California man has been electrocuted by a power line that fell on him outside his home. The Los Angeles Times says 24-old Joel ...

Arthur J. Gallagher & Co. Acquires Washington MGA Mutual Insurance Services

Arthur J. Gallagher & Co. on Monday announced the acquisition of Mutual Insurance Services Inc. in Federal Way, Wash. Mutual Insurance ...

Gates Named Senior Underwriter at Harry W. Gorst

Michael Gates has joined Chatsworth, Calif.-based Harry W. Gorst Co. Inc. as a senior underwriter in its personal lines department in ...
International

IAIS Calls for Greater Scrutiny over Non-traditional Insurance

Regulators should focus on insurers' role in markets outside their traditional sphere, as such activities could worsen the economic impact ...

Italy, Southeast France Hit by Heavy Rains, Floods: AIR Analysis

Catastrophe modeling firm AIR Worldwide has issued a report on the heavy rains, which caused widespread flooding in France and Italy during ...

Aon Benfield Launches Updated UK Terrorism Cat Model

Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp., announced that it has updated its UK terrorism ...

SCOR Reports Q3 Net Income of $255 Million; Gains on Transamerica Sale

French reinsurer SCOR Group announced net income for the third quarter of 2011 of €188 million [$255 million], a 70.1 percent increase ...

Willis UK Broker Networks Add Nine New Members

Willis Group Holdings announced that nine new members have joined Willis Networks, its alliance with local, independent insurance brokers ...
Sponsored Content

American Claims Management Appointed Westra as Vice President of Property Claims

San Diego, CA, 11/15/11 - American Claims Management, Inc. (ACM), has appointed Pier Westra as vice president of its Property Claims ...

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New Discussions in the Forums

Online Insurance and Leads
Posted: Mon Nov 14 -- The lead providers should be held more accountable for the lead not being resold over and over again. Seriously I saw this happen in the... blennox
What websites or app are agents using?
Posted: Mon Nov 14 -- RAM, are you looking to create a website or smart phone app and want to know what software to use to do that? Or are you just looking to... SusieQ
National Agents Alliance? Legit or Keep Away?
Posted: Mon Nov 14 -- There has been a lot of great info posted to this topic and I want to say I am sorry to all of those who have had a bad run in with NAA. I... JRod
Inland Marine Fraud
Posted: Mon Nov 14 -- Wow, that is crazy. I usually do some checking online before I talk to a prospect, or after I get a lead. I will check the department of... HarrisburgAgent
Feedback needed on my software. Online Comparison Rater
Posted: Mon Nov 14 -- I am looking to get some feedback from some agents about my software. Give me a call if you might be interested in checking it out. I am... blennox
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

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
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 -- 11/11/11 is ARMISTICE DAY. The moment millions and millions of people stopped slaughtering each other is sacred and should never be... MP
Mississippi Bike Fatality Prompts Vow to Enforce 3-Foot Rule
Posted: Tue Nov 8 -- Wonder if the cyclist was wearing a helmet? The vehicle driver was 'offered' a toxicology test? Offered? "Er, excuse me, Sir, but you just... Dee
My Love/Hate Relationship with LinkedIn
Posted: Tue Nov 8 -- "How do you feel about it? Am I wrong? Talk to me. Julie" You ARE 100% spot on! It's an amazing tool, but can painfully backfire if not used... William (Bill) Leak

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