Wednesday, November 30, 2011

Daily Headlines: Wednesday, November 30, 2011

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Insurance Journal Daily Headlines
November 30, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Facebook Settles Deceptive Practices, Privacy Breach Claims with FTC

Facebook has settled complaints that it disregarded its users' privacy, agreeing to establish a raft of measures to better protect its 800 ...

Safety Oversght of Government Aircraft Lacking

Nonmilitary government agencies operate more aircraft than the world's largest airline but are subject to little federal safety oversight ...

Retiring Rep. Frank Says Wall Street Reforms Safe Without Him

U.S. Representative Barney Frank hit back at speculation Tuesday that his departure next year would undermine the sweeping Wall Street ...

Seneca Creates Surety Division

Seneca Insurance Companies has launched a new product line and operating division for contract and commercial surety. The contract surety ...

Hiscox Designs Terrorism Product for Healthcare Industry

Hiscox has launched a terrorism liability product designed specifically for healthcare risks such as hospitals, physician offices, ...

From MyNewMarkets.com Next Big Thing in Insurance Coverage?

Some in the insurance industry are staking their futures on the reputations of others. That is, they are looking to insure reputational...
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East

Upstate New York Villages Struggle to Rebound After Irene

Storefronts in Schoharie, N.Y., a quaint village flooded out by Tropical Storm Irene, remain mostly empty and temporary trailers are ...

New York City Introduces Haiku Poetry Signs to Promote Traffic Safety

New York City Department of Transportation announced on Tuesday a new traffic safety campaign called "Curbside Haiku." The department is ...

Insurance Groups React to Rep. Barney Frank’s Retirement Announcement

A number of insurance associations have issued statements recognizing the positive work the retiring U.S. Rep. Barney Frank (D-Mass.) has ...

Community Volunteers Should Be Aware of Hidden Risks, Report Warns

'Tis the season to give and many Americans are volunteering in their local charity organizations to help the needy this holiday season. But ...

N.Y.-based USI Insurance Acquires Barros International

USI Insurance Services, an insurance brokerage and financial service firm in Briarcliff Manor, N.Y., completed the acquisition of Barros ...
Midwest

Insurers Pay Out $1.13B for Joplin, Missouri Tornado Damage

Insurance companies have paid out $1.13 billion in claims from the Joplin tornado, and that's expected to climb to as much as $1.9 billion, ...

James River Still Above Flood Stage in Parts of South Dakota

South Dakota officials say some stretches of the James River remain well above flood stage heading into the winter freeze, setting the ...

Feds Reject Indiana Request for Health Care Waiver

The U.S. Department of Health and Human Services has rejected Indiana's bid for an exemption from federal health care overhaul rules that ...
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Southeast

Florida’s HomeWise Insurance Ordered Into Liquidation

A Florida judge has ordered a homeowners' insurer to shut its doors and hand its business affairs over to the state after state regulators ...

Florida Convicts North Carolina Man in $2.7 Million Workers' Comp Fraud

A North Carolina man has been sentenced to four years in a Florida prison and ordered to pay more than $3.1 million in restitution after ...
South Central

Louisiana Workers' Comp Corp. Offers Tips for Hiring Seasonal Workers

Short-term hiring during the holiday season is a boon to both employers and employees, but businesses should take care to ensure the safety ...

2 Texas Businesses Cited for Safety Violations

In separate actions federal workplace regulators have cited two Texas-based companies for employee safety violations. The U.S. Department ...

Small Earthquakes Recorded in Northern Arkansas, Central Oklahoma

Small earthquakes have shaken parts of northern Arkansas and central Oklahoma A 2.6 magnitude quake struck early morning in the morning on ...
West

Study: Use of Physician Networks in California Workers' Comp at Record High

A California Workers' Compensation Institute study released on Tuesday shows the use of network physicians to provide medical care to ...

CRC Names Brooks Broker in Southern California Office

CRC Insurance Services named Robert Brooks as a property and casualty broker in the company's Santa Ana, Calif. office. Brooks was ...

Tobey Maguire, Others Settle Over Poker Winnings

Tobey Maguire has decided to fold `em and settle a lawsuit over his winnings from a convicted con man during high-stakes Hollywood poker ...
International

Foreign Insurers Must Decide If China’s Growth Outweighs Disadvantages

Foreign insurers will have to answer for themselves whether their disadvantaged position relative to domestic insurers in China is ...

Man Released from Aruba Jail Still Suspect in Traveler’s Death

U.S. businessman Gary Giordano is getting out of jail but he isn't in the clear. Investigators still consider him a suspect in the presumed ...

Renewable Energy Sector Presents Rising Risks, Demand for Insurance

The renewable energy sector needs to improve risk management and access alternative sources of capital as operational risks rise and ...

Hendrick to Succeed Duclos as Head of XL Group’s Insurance Unit

Global insurer and reinsurer XL Group plc said that Greg Hendrick will become chief executive of XL's insurance segment upon the retirement ...

Pickering Named CEO of Willis South Africa

Global insurance broker Willis Group Holdings has appointed Scott Pickering as CEO of Willis South Africa. Pickering is currently president ...
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Insurance Journal TV

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Interesting Times in Medical Liability

The medical liability market continues to perform well even as the nation struggles to...
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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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New Discussions in the Forums

Agency Management System
Posted: Wed Nov 30 -- AMS360 did get a lot of votes and I wanted to see some product reviews about it. I ran across a site that has very negative comments about... robmejia
Workers comp for janitorial services
Posted: Wed Nov 30 -- Your state insurance department is your best resource for insurance-related questions and concerns. Find information on insurance companies... tkishore123
What websites or app are agents using?
Posted: Wed Nov 30 -- "Sethm, Could you be more specific regarding what software you use? Thanks," It's Aspire, a... sethm
QuickBooks
Posted: Mon Nov 28 -- Quickbooks will work well for expenses but you can end up messing your income statement and sales figures if you do both direct and agency... miinsguy

Reader Comments

U.S. Rep. Barney Frank of Massachusetts Won't Seek Re-election
Posted: Mon Nov 28 -- THANK GOD! Bwarney Fwank was half to blame for the housing collapse and Freddie and Fannie Mae's boon doggle for all tax payers. Good... Sarah
Thanksgiving Day is Top Day For Cooking Accidents
Posted: Wed Nov 23 -- I laughed when I read in the article the following sentence: "Esposito offered safety tips for those planning to sue a fryer:" Is that a... The Other Point of View
Massachusetts Enacts Law on Credit Ban for Auto Insurance
Posted: Tue Nov 29 -- "much-needed protection against an unfair, unreliable, and discriminatory rate-setting practice" Unpopular, yes, but the correlation exists... GL Guru
Allstate Drops North Carolina Homeowners Who Insure Autos Elsewhere
Posted: Wed Nov 23 -- It seems like coercion to me to too. It's one thing to decide not to write a line of business in a certain area but to insist you must... mark
Insurer Must Pay for Florida Rental Car Crash by Unauthorized Driver
Posted: Mon Nov 28 -- Sadly, insurance companies always seem to try their hardest to find no coverage or to limit coverage beyond what ordinary people would find... vince

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November 21, 2011

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