Wednesday, November 16, 2011

Daily Headlines: Wednesday, November 16, 2011

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Insurance Journal Daily Headlines
November 16, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Down to the Wire for Federal Flood Insurance... Again

The nation's flood insurance program is scheduled to expire again on Friday, Nov. 18, 2011, unless Congress takes action. Last month, the ...

BP Told It Can’t Use Transocean Insurance for Gulf Spill

A federal judge rejected BP Plc's bid to use insurance coverage from Transocean Ltd to cover costs stemming from last year's record oil ...

C-SPAN Seeks to Broadcast Supreme Court Healthcare Case

A U.S. cable TV network and a senior Republican senator asked the Supreme Court Tuesday to allow its first live broadcast when it hears ...

Banks Having to Defend Credit Card Insurance

When Mariya Kruseck broke her tailbone snowboarding and lost her part-time job five years ago, the then 19-year-old college student was ...

Doctors Back ‘Open Market’ Health Insurance Exchanges for States

The American Medical Association added pressure on U.S. states to steer toward the system that opens doors to all insurers who meet minimum ...

State Farm: Texas, Illinois, Ohio Top 3 States for Thanksgiving Cooking Fires

If you live in Texas, Illinois or Ohio, you're more likely to experience a cooking fire on Thanksgiving Day than those in other states. ...

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...
East

Connecticut Had 58,002 Claims for Irene, So Far $161M Paid Out

Connecticut Insurance Commissioner Thomas Leonardi told a legislative committee that Connecticut saw 58,002 claims for Hurricane Irene. Of ...

New York Students to See Danger of Texting While Driving

Students in suburban New York are getting a chance to learn the perils of distracted driving without having to worry about an accident or a ...

Jury Clears New Jersey Pub in Patron’s Death

Jurors found a New Jersey pub was not negligent in the death of a patron who was struck and killed while walking on the Garden State ...

Travelers of Massachusetts Launches Accident Forgiveness, New Car Discounts

New car purchases in Massachusetts are on pace to exceed the 2010 year-end total of 310,547 by more than seven percent, according to data ...

Ascot Underwriting Hires Former Aon Benfield Exec in Hartford

Lloyd's syndicate Ascot Underwriting appointed Dawnmarie Black as senior vice president based in Hartford, Connecticut. She will take on ...

R.I.-based Hunter Insurance Hires New Account Executive

Hunter Insurance, an independent agency based in Lincoln, R.I., appointed Sarah Souza as account executive for the firm's commercial lines ...
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Midwest

Minnesota-based Medical Liability Insurer OK’d to Become a Mutual Company

Medical liability insurer MMIC Group Inc. (MMIC), headquartered in Minneapolis, Minn., has received final regulatory approval to change ...

Tornado Damages Buildings in Southern Indiana Town

A tornado struck a southern Indiana town on Nov. 14, tearing the roof off the police and fire headquarters and leaving debris piled on the ...

Study: Cost for Non-hospital Services in Workers' Comp Highest in Wisconsin

In 2010, Wisconsin's workers' compensation system was the costliest for non-hospital services in a study of 25 study states. Prices in ...
Southeast

Florida’s Citizens Seeks Lawmakers’ Help to Raise Rates, Shrink Size

Florida's largest property insurer wants sweeping changes - including the ability to charge higher rates - in the coming year. It may ...

2 Oil Spill Claims Offices in Panhandle Close

Two oil spill compensation offices in the Florida Panhandle are closing. The Pensacola and Panama City Beach offices of the Gulf Coast ...
South Central

Van Wagoner Entering Oklahoma Commercial Earthquake Market

Texas-based managing general agency, Van Wagoner Companies, plans to begin selling "monoline" commercial earthquake insurance as a ...

Insurance Council of Texas Awards $40K in Scholarships

Insurance and risk management students at four Texas universities were recently awarded a total of $40,000 in academic scholarships from ...

Court: Texas Couple Can Sue Over Dog’s Sentimental Value

A Texas appeals court reinstated a couple's lawsuit against animal shelter that accidentally euthanized their 8-year-old dog, ruling that ...
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West

Insurance Company Poll: Oregon Drivers Want Harsher Penalties for Cell Phone Violators

According to a poll from PEMCO Insurance, nearly half of Portland-area drivers are upset enough at the prospect of sharing the road with ...

Washington Casualty Names New Marketing Vice President

Washington Casualty Company (WCC), a provider of medical professional liability coverage and member company of Boston, Mass.-based Coverys, ...

Suhr Risk Services Adds Ceja to Employee Benefits Division

Suhr Risk Services (SRS), an independent retail employee benefits and property/casualty insurance brokerage firm in San Jose, Calif., has ...
International

Insurance Association Head Says China May Open Auto Market to Foreign Firms

China, the world's largest auto market, is likely to open its mandatory auto insurance market to foreign companies next year, chairman of ...

HK Shares Close Down 2%; Chinese Insurers Slump

Hong Kong shares slumped on Wednesday, dragged down by weakness in Chinese insurers and property developers, with turnover low as investors ...

UK’s Huber Dixon, Sterling Offer Renewable Energy Coverage

The UK's Huber Dixon, in partnership with Sterling Insurance Group, are now providing renewable energy cover to their specialist household ...

Manulife Expands Asian Reach with Cambodia Unit

Manulife Financial said it has received approval to establish operations in Cambodia, which will expand the Canadian insurer's reach into ...

Best Affirms Flagstone Re Africa Ratings; Put Under Review-Negative

A.M. Best Europe – Rating Services Limited has placed under review with negative implications and affirmed the financial strength rating ...

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Pat Ryan Asks, 'Are You Happy?'

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New Discussions in the Forums

Customer Retention
Posted: Wed Nov 16 -- Coming from the customers point of view: 1. Do what's in the client's best interest. Don't assume that you can just "renew as is" every... Big Dog
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
Ex-Real Estate Marketer Seeks Career Change into Insurance
Posted: Wed Nov 16 -- Goodluck on your career move! Hopefully you'll have better luck in selling insurance. Have you decided on what kind of insurance to focus on... robmejia
Value-Added Services
Posted: Wed Nov 16 -- How about top-ups or add-ons? robmejia
Study tips for the California Life Agent Exam
Posted: Wed Nov 16 -- You must identify the topics contained in each of these sections: Life Insurance, Health Insurance, Insurance Regulations. Go over the... robmejia
Do you purchase Damage Waiver when renting a car?
Posted: Tue Nov 15 -- It depends on what state and where I am driving. If its somewhere like New York City, then yes, however if its just somewhere that is rural... blennox
Online Insurance and Leads
Posted: Tue Nov 15 -- I wanted to share with you a company that I use and have used since 2002. Not only are the leads I receive good leads but they are usually... Eagleeye

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 -- 11/11/11 is ARMISTICE DAY. The moment millions and millions of people stopped slaughtering each other is sacred and should never be... MP
Appeals Court Upholds Obama Healthcare Law
Posted: Wed Nov 9 -- Let me see if I can put the logical side if my brain to work here, and struggle to understand how the... JB
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
Firms Want Government Probes Banned from Gulf Oil Spill Liability Trial
Posted: Wed Nov 9 -- BP has no shame. Stephen Tallinghasternathy

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