Friday, December 9, 2011

Daily Headlines: Friday, December 9, 2011

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Insurance Journal Daily Headlines
December 9, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

NHL Says Brain Ailment Evidence Is Lacking

National Hockey League  Commissioner Gary Bettman says there is not enough data yet to draw conclusions about the link between concussions ...

Green Retrofitting Surpasses New Green Construction for First Time

Green retrofitting of commercial buildings is outpacing the construction of new green buildings, according to a new report issued this ...

Federal Judge Rules Blogger Not Journalist in Defamation Case

A federal judge has ruled that a Montana blogger was not acting as a journalist when she lambasted an Oregon attorney in online statements ...

Government Study: Texting by Drivers Up by Half in 2010

New federal safety data shows texting while driving increased 50 percent last year, despite a rush by states to ban the practice. The ...

Wishes & Predictions Survey 2012: Participate Now

What do you HOPE will happen in your insurance organization in 2012? Now, what do you THINK will happen? Will the insurance market harden ...

Do Actuarial Models Influence P/C Underwriting Cycle?

Property/casualty insurance is noted for the sharp rise and fall of its rates – the underwriting cycle. As actuaries have developed more ...

Professional Program Insurance Brokerage Launches Yoga Product

Professional Program Insurance Brokerage (PPIB) has set up a national program for yoga-related businesses. The product covers yoga ...

Fireman’s Fund Bushnell Named to U.S. Green Building Council Board

Steven Bushnell, a senior director at Novato Calif., based-Fireman's Fund Insurance Co., has been appointed to the U.S. Green Building ...

From MyNewMarkets.com Wells Fargo Insurance Banks on High Demand for Affordable Housing

In a nation where the poverty rate has inched above 15 percent, it makes sense that affordable housing is on the minds of many. This list...
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East

Post-Irene Rebuilding Could Take Several More Months, N.Y. Group Says

This year's hurricane season was an unusually costly and damaging one for New York State residents. And as the winter sets in, it will take ...

Storms Knock Out Power to Thousands in New Hampshire, Connecticut

Strong winds and a fast-moving mix of rain and snow have knocked out power to over 30,000 customers in New Hampshire. Many of the outages ...

Virginia Regulators Approve Changes to Workers’ Comp Premium Levels

The Virginia State Corporation Commission approved on Thursday revisions to the premium levels charged for workers' comp insurance in ...

Connecticut Chiropractor Pleads Guilty in Insurance Scam

A chiropractor has pleaded guilty to bilking insurance companies to treat car accident victims whose injuries were exaggerated. Connecticut ...

TD Insurance Appoints Vice President in New York

TD Insurance, a subsidiary of TD Bank, is expanding in Long Island, New York, and appointed Peter Kane as vice president and regional ...
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Midwest

Wisconsin Governor Signs Bill Capping Attorney Fees

Wisconsin Gov. Scott Walker has signed a bill designed to limit attorneys' fees after a well-known lemon law lawyer collected more than ...

Missouri Panel OKs Suggestions for Disaster Response

A Missouri House committee studying disaster response recommends making it easier for health care providers from other states to help. The ...

Michigan Senate Approves Workers’ Compensation Changes

Workers' compensation reform legislation that supporters say will help reduce employer costs for helping injured workers has advanced in ...

Central Indiana School Bullying Lawsuit Settles for $150,000

A former student at a central Indiana high school has agreed to a $150,000 settlement of her lawsuit claiming school officials failed to ...
Southeast

Florida Turns to Surplus Lines to Help Depopulate Citizens

Florida lawmakers are considering allowing surplus lines carriers to participate in the depopulation programs of the state's largest ...
South Central

State Farm Gets 7.8% Homeowners Rate Hike in Louisiana

Louisiana has allowed its largest insurer of homes to raise its rates by an average 7.8 percent. State Farm Fire and Casualty Co. ...

Oklahoma Legislator Files Guest Worker Program Bill

In an effort to stimulate Oklahoma's economy and allow the state to be more competitive with out-of-state companies, a state senator has ...

2 Charged with Workers' Comp Fraud in Oklahoma; 3rd Pleads Guilty

Oklahoma Attorney General Scott Pruitt has charged two men with workers' compensation fraud and announced a guilty plea from woman who ...
West

$55K Settlement In Pepper Spraying Of California 7-Year-Old

San Mateo has agreed to pay $55,000 to the family of a 7-year-old special education student who was hit with pepper spray by a police ...

5 Killed In Tour Helicopter Crash Near Lake Mead

A helicopter taking people on a luxury sunset tour of the Las Vegas Strip and Hoover Dam crashed Wednesday, killing the pilot and the four ...

Alcohol Tastings In Big-Box, Grocery Stores in Southern California City

There will soon be a booze-sipping grotto for grocery and big-box store shoppers in a Southern California city. The Corona City Council ...

San Diego County Hospitals Settle Dumping Lawsuits

Two San Diego County hospitals will pay about $375,000 to settle lawsuits claiming they illegally dumped blood, needles and other medical ...

California Utility Says Power Back For All Customers

Southern California Edison says it has restored power to all customers who were blacked out by last week's ferocious windstorm. Spokesman ...

Arthur J. Gallagher Acquires Transwestern in Utah

Transwestern General Agency Inc. in Salt Lake City, Utah has been acquired by Arthur J. Gallagher & Co. Terms of the transaction were ...

SIAA Adds Master Agency to the California Marketplace

Strategic Insurance Agency Alliance  Inc. (SIAA), a national alliance of over 3,900 independent insurance agencies, announced that master ...
International

Europe Moves Ahead with Fiscal Union; UK Isolated

Europe divided on Friday in a historic rift over building a fiscal union to preserve the euro, with a large majority of countries led by ...

UK Insurance Association: Solvency II May Help or Hinder EU Growth

Amidst all the turmoil in the euro zone, the implementation of the Solvency II regulations, governing the 27 members of the European Union, ...

Willis: Power Market Review – Still No Hard Market, Despite Losses

2011 looks set to be one of the worst years on record for natural catastrophe events; continuing civil unrest roils the Middle East and ...

IRCM Creates New Marine Facility

Specialist broker IRCM has launched a new insurance facility for the marine sector. The British broker's new combined policy, called ...

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Insurance Journal TV

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Swiss Re Chief Economist Analyzes Current Market Conditions

Swiss Re's chief economist Kurt Karl discusses the challenges the insurance industry faces,...
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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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New Discussions in the Forums

Start up Agency Advice
Posted: Fri Dec 9 -- Guys, Thanks for the great advice. Our driving school is also in the process of starting up CDL classes which could be another great source... gregm21
High Value Personal Auto
Posted: Fri Dec 9 -- I checked with Hagerty and I guess they cover them as well. Rates are not bad either. JAM
Commission or Contingency
Posted: Thu Dec 8 -- Would you rather have a contract that offered higher commission percentages or stay with the current standard of offering contingencies if... MT_Agent
Loss Payment on a BOP
Posted: Thu Dec 8 -- In cases of a partial loss where the limit of insurance less than 80% of the replacement cost, the policy states that it pays the greater of... dietschleis
Lessor's Risk on a BOP
Posted: Thu Dec 8 -- Have you included business interpution on the CPP? Have you thought about the general agrregate on GL for having many risks on one policy.... jtownagent
How do you ask for a referral?
Posted: Wed Dec 7 -- Most people like to help others. Be upfront, and honest. Say, "I try to provide the best service I can for my clients. Do you know anyone... erieagent
Batch Clause undre Products Liability
Posted: Fri Dec 2 -- Submit the claim to both insurance carriers and let them figure it out. That's their job. Big Dog

Reader Comments

Iowa Man Won't Get $10.6M Malpractice Award
Posted: Mon Dec 5 -- haha...holy crap. if you need more evidence that our judicial system is broken, please read that article again. #1, guy gets insane... George
Lloyd's Study Finds U.S. Businesses Concerned with Talent, Skills Shortage
Posted: Thu Dec 8 -- Thank goodness there isn't a shortage of talent in the US insurance industry. Otherwise we'd all be bombarded with recruiters looking to pay... reality bites
Idaho Homeowners Association Treasurer Charged With Embezzling
Posted: Thu Dec 8 -- There is no more corrupt form of government on the planet than a homeowners association. Anejo
Travelers CEO Says His Company's Business Insurance Rates Up Over 5%
Posted: Wed Dec 7 -- They have to raise rates to pay Mr. Fishman's (the CEO) more than $20 million annual salary. The Other Point of View
Texas Man Accused of Drowning $1.2M Sports Car for Insurance
Posted: Mon Dec 5 -- Could be an invisible seagull. Those are the most dangerous. Hillsborough agent

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December 5, 2011

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