Tuesday, December 13, 2011

Daily Headlines: Tuesday, December 13, 2011

Looking for Workers' Comp Markets? Click here for more information.
Insurance Journal Daily Headlines
December 13, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

SEC Sues Brokerage Insurance Fund Over Stanford Victims’ Claims

Federal securities regulators have sued a brokerage industry backed fund on behalf of victims who lost money in Allen Stanford's alleged $7 ...

Report Says M&A Deal Flow Will Pick Up, Lists Potential Candidates

The insurance industry is likely to see more robust mergers-and-acquisitions activity in 2012, according to a New York investment and ...

Bulk of U.S. Data Theft Linked to Few Chinese Hacker Teams

As few as 12 different Chinese groups, largely backed or directed by the government there, do the bulk of the China-based cyberattacks ...

Citigroup to Sell Remaining Stake in Primerica

Primerica Inc. said Citigroup had begun a public offering of its remaining stake in the life insurer, a little over a year after the ...

The Next Big Thing in Insurance Coverage Is Here

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

Best Places Ratings of First Sealord Surety Under Review/Negative

A.M. Best Co. has placed the financial strength rating of 'A-' (Excellent) and issuer credit rating of "a-" of Penna.-based First ...

All Risks Ltd. Set to Offer New Market for Charter Buses

All Risks Ltd. has obtained a new market for charter bus companies of all sizes effective Jan. 1, 2012. The coverage will be available ...

Chubb Creates Online System for Private Companies and Nonprofits

The Chubb Group of Insurance Companies has developed an online system to make it easier for producers to procure professional liability and ...

Hanover Insurance Executive Elected Co-Chair of Anti-Fraud Coalition

Frank Sztuk of Hanover Insurance was elected co-chair of the Coalition Against Insurance Fraud at the public-interest group's annual ...

From MyNewMarkets.com Insurers Take Multiple Approaches for Multifamily Housing Market

The economy appears to showing some slight signs of improvement, which spells good news for insurers, especially those that insure some of...
Sponsored today by: Westrope. Brains & Brawn. Our Knowledge Adds Value - Our Strength Delivers Results. Click here for more info.
East

Aspen Chief Says It’s Time to Get Back Underwriting Discipline

With inadequate pricing levels for commercial lines, low interest rates and severe catastrophe losses, it's high time insurers focus on ...

Progressive to Pay $125K Fine in Massachusetts‎

The Massachusetts Division of Insurance announced a $125,000 financial settlement with Progressive Direct Insurance Company. Regulators ...

N.Y.-based USI Insurance Services Acquires Bluff Head Enterprises

USI Insurance Services, an insurance brokerage and financial service firm in Briarcliff Manor, N.Y., has completed its acquisition of Bluff ...

Church Mutual Offers New Opportunities for Senior Living Brokers

The broker/specialty markets division at Church Mutual Insurance Co. has expanded opportunities for brokers and agents with experience in ...

Maine Drops Workers’ Comp Rate Again

Maine insurance regulators have approved another drop in the state's workers' compensation rates -- the second in less than a month. A 3.2 ...

Law Pushed After Study Shows Massachusetts Seat Belt Use Dropping

A coalition is pushing for a new seat belt enforcement law after a study showed that seat belt use in Massachusetts is among the lowest in ...
Midwest

Ohio Court: Lack of Informed Consent Requires Expert Testimony

A medical malpractice claim alleging lack of informed consent requires expert medical testimony to establish harm, Ohio's high court has ...

Moody to Lead Missouri-Based Medical Malpractice Insurance Group

A medical malpractice insurance specialty group headquartered in Missouri has promoted Joseph B. Moody to president and CEO. Healthcare ...

Nebraska Police Say Hands Tied with Texting Ban

Law enforcement officials in Nebraska continue to grapple with how to enforce a 2010 state law that bans texting while driving. Columbus ...

OSHA Proposes $195,930 Fine Over Fatal Accident in Missouri

A suburban St. Louis, Mo., company could face nearly $200,000 in fines after the U.S. Occupational Safety and Health Administration cited ...
Southeast

North Carolina Cuts Dwelling Fire Rates; No Changes in Extended Coverage

Residents in North Carolina will see a rate decrease when it comes to their dwelling fire coverage while at the same time seeing no change ...

Florida Underwriter Magazine Shuts Down

The Florida Underwriter magazine has published its last issue. "Unfortunately, the double demons of our state's falling economy and the ...

Questions Raised About Federal Probe of West Virginia Mine Blast

Newly disclosed records show U.S. Labor Department officials stopped independent investigators from questioning how federal regulators ...

Insurer Group PCI Names Brown Florida Regional Manager

The Property Casualty Insurers Association of America (PCI) has named G. Donovan Brown its new counsel and regional manager for Florida. ...
South Central

Frost Insurance Acquiring Stone Partners

Texas-based Frost Insurance announced it will acquire Stone Partners Inc., a human resource consulting firm that specializes in ...

Insurer of High-Value Homes Expands to Louisiana

Privilege Underwriters Reciprocal Exchange (PURE), which offers customized property and casualty insurance coverage to owners of ...

Anderson Joins Advocate Reinsurance Partners

Advocate Reinsurance Partners LLC, a privately owned reinsurance intermediary firm headquartered in Dallas, has added Cory Anderson as a ...
Sponsored by: Texas Mutual Insurance Company. Texas' Leading Provider of Workers' Compensation Insurance. Happy Holiday Wishes to All Our Agent Partners. Click here for more information.
West

Report: Utah Among Nation’s Healthiest States

Utah ranks among the top 10 healthiest states in the nation, landing in the seventh spot for the second consecutive year, according to the ...

California Family Who Lost 4 Sues Over Military Jet Crash

A family that lost four members when a military jet crashed into their San Diego home in 2008 is suing the U.S. government for compensation ...

Willis Completes $200 million 'Golden State Re' Cat Bond for State Fund

Willis Capital Markets & Advisory (WCMA), part of Willis Group Holdings, announced it has structured and placed a $200 million ...

Montana Superfund Site Cleanup Could Take 30 More Years

A project to clean up contamination caused by a former dry cleaner at a Bozeman, Mont. shopping center may take 30 more years and cost the ...
International

Canada Pulls Out of Kyoto Climate Change Protocol; First Country To Do So

On Monday Canada became the first country to announce it would withdraw from the Kyoto protocol on climate change, dealing a symbolic blow ...

India’s Private Insurance Market Keeps Growing – Slowly but Surely

Even though China gets most of the headlines, there's been slow, but steady, progress for private insurers in Asia's other billion plus ...

Hub International Enters Latin American Market with Harmonia Tie-up

Hub International is expanding into the Latin American market as the result of a merger agreement with Brazilian broker Harmonia Corretora ...

Charman to Retire as AXIS CEO, President; Benchimol Chosen as Successor

AXIS Capital Holdings announced that John R. Charman will retire as CEO and President effective May 3, 2012, the date of the Company's ...

S&P Sees ‘Highs and Lows’ for Canadian P/C Insurers

As 2011 winds down, Canadian property and casualty (P&C) insurers can "list some notable lows and highs during the year, including ...

Ratings Roundup: BEST Re, BCRe, TUCI

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of 'A-' (Excellent) and issuer credit rating of ...
Sponsored Content

Top 10 Gifts for the Insurance Professional

Buying the perfect present for the insurance geek, uh professional, in the office is a most difficult task. First the buyer must be sure ...

Join the Insurance Journal Network

Twitter Facebook LinkedIn


Insurance Journal TV

Video thumbnail

Swiss Re Chief Economist Analyzes Current Market Conditions

Swiss Re's chief economist Kurt Karl discusses the challenges the insurance industry faces,...
Video thumbnail

Interesting Times in Medical Liability

The medical liability market continues to perform well even as the nation struggles to...

TV icon Watch more videos at InsuranceJournal.tv

New Discussions in the Forums

How do you ask for a referral?
Posted: Tue Dec 13 -- Based on my own experience, I usually got referrals when I contact clients to tell them their policy has been issued. They are usually... sethm
Where to order MVR's?
Posted: Tue Dec 13 -- Try the Database MVRs of CoreLogic. They provide driving records from all 50 U.S. states. It's reliable enough. sethm
Workers Comp for a GYM
Posted: Mon Dec 12 -- Hartford writes a few of these for me, give them a try. briand
High Value Personal Auto
Posted: Mon Dec 12 -- Fireman's Fund is also another company that can do stand alone auto for high value vehicles, coverage is great as well with a lot of... insgal2005
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

Reader Comments

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
$55K Settlement In Pepper Spraying Of California 7-Year-Old
Posted: Fri Dec 9 -- Well, you know how dangerous a seven-year-old can be when he's running wild with a dictionary in his hand! Big Mike In CA
NHL Says Brain Ailment Evidence Is Lacking
Posted: Fri Dec 9 -- NHL needs to take the lead here. No evidence? How about the 28 year old kid with the brain of an 85 year old alzheimer's patient? The only... MP
Graduated Driver Licensing Could Save 2,000 Lives, $13.6 Billion: Study
Posted: Wed Dec 7 -- I agree with what you say but the medical signoff should also include an eye examination including night vision. I am not in favor of... DES
Do Actuarial Models Influence P/C Underwriting Cycle?
Posted: Fri Dec 9 -- Actuaries using models to drive the P&C cycle. It's another way for Sr Management to dodge responsibility for whipping their underwriters to... master u/w'er

Current Issue

Current Issue
Program Directory, Vol. II - Volume Two of the Agent's Favorite Program Placement Resource
December 5, 2011

More Newsletters

Choose Newsletters
Enter Your E-mail

How to Advertise

For information about advertising on this newsletter and Insurance Journal magazines, contact Julie Tinney at (800) 897-9965 x148.
View our Media Kit for advertising options in our magazines and online properties.
Insurance Journal
3570 Camino del Rio North, Suite 200
San Diego, CA 92108
(800) 897-9965
Copyright © 2011 by Wells Publishing, Inc.

No comments:

Post a Comment