Monday, January 23, 2012

Daily Headlines: Monday, January 23, 2012

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Insurance Journal Daily Headlines
January 23, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Agents Creating At-Home Insurance Jobs for Disabled Veterans

For insurance agents Gary Trippe and Jim Pender, the idea for DVIC, or Disabled Veterans Insurance Careers, which aims to provide disabled ...

Conning: P/C Premiums to Grow 3-4% in 2012

Property/casualty insurers are facing a difficult environment in 2012, according to a forecast from analysts at a Hartford insurance ...

Courts Push Back on Foreign Bribery Prosecutions

As the U.S. Justice Department has stepped up its enforcement of an anti-foreign bribery law, it has faced the expected stiff resistance ...

U.S. Nuclear Plants Need Better Safety Against Earthquakes, Floods: Panel

An expert task force convened by the Nuclear Regulatory Commission called Japan's nuclear disaster ``unacceptable'' and concluded that ...

From MyNewMarkets.com Political Season Is Here But Insurers Aren't Running to Cover Campaigns

Death, taxes and elections. You can count on all of them, but elections might be the easiest to predict, at least when it comes to...
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East

Four Northeastern States Get New Federal Emergency Aid From HUD

New York, Pennsylvania, Vermont and New Jersey are among the eight states nationwide that will share in $400 million in new federal ...

New Jersey High Court Clears County in Bicyclist’s Death

New Jersey's Supreme Court says Essex County cannot be held liable for the 2001 death of a bicyclist who suffered a massive head injury ...

New Jersey’s Insurance Regulator Considine to Step Down: Report

Tom Considine, commissioner of New Jersey Department of Banking and Insurance, is planning to step down in February, according to a local ...

Teen Driver Bill Fails to Get New Jersey Governor’s Support

New Jersey Gov. Chris Christie refused to sign into law a bill that aimed to make younger drivers safer. The bill would have changed the ...

Boston Judge Orders 14 Drug Cos. to Settle Breast Cancer Case

A federal judge in Boston has ordered 14 drug companies to negotiate settlements for 53 women who claim their breast cancer was caused by ...

N.Y.-based Navigators Group Adds Professional Liability Reinsurance Unit

Rye Brook, N.Y.-based specialty insurer The Navigators Group said this week that its principal underwriting agency subsidiary, Navigators ...
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Midwest

Commissioner: North Dakota Has 2nd Lowest Auto Insurance Premiums

Insurance Commissioner Adam Hamm reports that North Dakotans are paying the second lowest auto insurance premiums in the nation. The ...

Southern Indiana Jury Awards Woman $1.5 Million in Medical Suit

A southern Indiana jury has awarded $1.5 million to a woman who alleged that a doctor's decision not to perform surgery left her with a ...

North Dakota Town Approves Flood-Related Home Buyout Program

The city council in Minot, N.D., has approved a plan that could result in the acquisition of more than 270 properties for future flood ...

Auto Insurance Limits Would Rise Under Nebraska Bill

The minimum amount of coverage for certain types of liability insurance would increase for Nebraska motorists, under a bill introduced in ...
Southeast

Florida Supreme Court Rules Guaranty Fund Not Responsible for Legal Fees

Florida's high court has ruled that the state fund charged with paying claims from insolvent insurers is not responsible for paying a ...

Lawyer Hits Jailing of Amish Men in Kentucky Over Buggies

A judge who dealt jail sentences to Amish men who refused to pay traffic fines in a dispute over the use of reflective safety triangles on ...

Mississippi Supreme Court to Hear Grocery Store Parking Lot Beating

The Kroger Co. has appealed a jury award of $2.5 million to a Jackson woman who lost sight in one eye when purse-snatchers beat her in a ...
South Central

Louisiana High Court Refuses to Overturn $92.7M Citizens Ruling

The Louisiana Supreme Court says it won't reconsider a $92.7 million judgment against Louisiana's state-backed insurer of last resort for ...

Judge Denies BP Request to Penalize Halliburton

A federal judge in New Orleans shot down BP's request to penalize Halliburton for allegedly destroying damaging evidence about the quality ...

NFIB, Texas Mutual Partnership Pays $267K Dividend

Texas Mutual Insurance Company announced a $267,364 workers' compensation dividend to the National Federation of Independent Business ...

Oklahoma City Teen Featured in Distracted-Driving Campaign

A new national campaign warning against distracted driving features the story of an Oklahoma City teenager who was killed in a car crash ...
West

California Insurance Commissioner Dave Jones: Year One Report Card

Insurance Commissioner Dave Jones marked his first full year in office this week by looking back on his and the California Department of ...

Pacific Storm Brings Winter Back to West

The remnants of a Pacific storm that moved into the West are continuing to create weather hazards and bring back winter-like conditions ...

Reno Wildfire That Destroyed 29 Homes Contained

The wildfire that destroyed 29 homes near Reno is contained. Thousands of evacuees are back home. And the family of the woman found dead ...

Freeway Crash Kills Honolulu Police Officer

Police say a Honolulu, Hawaii officer died following a three-vehicle crash on the H-1 freeway in Aiea. The crash occurred Saturday night as ...
International

Europe to Issue Tough Rules Protecting Internet Users’ Data

The European Union will propose tough new rules in the coming days on how corporations handle Internet users' personal data, a long-awaited ...

Markel Enters Germany Through Joint Venture with Anglo Underwriting

Markel International has made a move to start writing business in Germany through a joint venture with Anglo Underwriting. With Markel's ...

Carnival Will Review Safety, Emergency Response Systems

Carnival Corp, whose luxury cruise liner Costa Concordia capsized off the coast of Italy last week, said on Thursday it will conduct an ...

Fairfax to Acquire 25% Stake in Thai Re

Fairfax Financial Holdings Limited announced that it has agreed to acquire approximately 25 percent of the issued and outstanding shares of ...

Endurance Thai Flood Losses $76.5 Million; Ups Nat Cat Loss Amounts

Bermuda-based Endurance Specialty Holdings Ltd announced that its initial loss estimate related to the floods that occurred in Thailand in ...

Turner Steps Down as Marketform CEO & Director

Lloyd's insurer Marketform has announced that Simon Turner has stepped down as a Director and as CEO of Marketform Managing Agency Ltd ...

Ratings Roundup: New India, PMG (Sony)

A.M. Best Co. has revised the outlook to stable from negative and affirmed the financial strength rating of  'A-' (Excellent) and issuer ...
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New Discussions in the Forums

Farmers - your opinion
Posted: Sat Jan 21 -- BTW DM307799 if you notice this post, SUNDANCE's friend made the decision quite time time ago. I think lonestar and I are just trying to... ugottabkidding
The transition from underwriter to producer...
Posted: Sat Jan 21 -- Just found this for ya! Looks like a slam dunk to me! ... dm307799
Taxi company - CA 25 Units
Posted: Sat Jan 21 -- Hello, Can anyone beat Mercury's rate of approximately 4k a unit? My client is paying $100,000 AP and has 30,000 in losses in last 3 years.... InsureTime
Tracking Producer Comission
Posted: Fri Jan 20 -- We've been using Applied Sofware for many years. It tracks everything. Yes, it has a few quirks, and we've looked at other software from... Island Girl Agent
SOCAL Brush
Posted: Wed Jan 18 -- Anyone know of standard carriers that wil write in CA Brush line? Travelers, Hartford, Fidelity have all said no. Value is $1.1. I know... JAM
Workers comp for janitorial services
Posted: Wed Jan 18 -- You can try First Comp-Markel if they have less than 20k payroll. If over 20k Tower has some decent rates for 9008 new venture guys. EricCBIAIns
Study tips for the California Life Agent Exam
Posted: Tue Jan 17 -- How? hawnbiz
My CPCU journey - almost finished.....
Posted: Tue Jan 17 -- Thanks KD, I may consider submitting my story when the time comes. I have an update - I'm now just one class away from being done. I took... bjwestner

Reader Comments

Murderer, Fake FBI Agent, Amateur Arsonist Enter Insurance Fraud Hall of Shame
Posted: Tue Jan 17 -- Some of these are unbelievable for their stupidity. I can't believe the one on the $163 Million scam of Medicare and they get only 3 years... Amazed
South Carolina Jury Awards $1M to Teens in 'Choking Game' Claim
Posted: Tue Jan 17 -- Were you there when this happened? Maybe you should give the benefit of the doubt to the people involved in this case who witnessed it,... Just wondering
Florida Workers' Compensation Rate Hike Irks Businesses
Posted: Tue Jan 17 -- If you own a business in Florida, you realize that workers comp is very hard to buy. When there is a legitimate reason for an increase that... earlybird
Mississippi Handling 20 Cases of Teacher Misconduct with Students
Posted: Wed Jan 18 -- That is definitely scary; however, one thing that bothered me is that a hug was considered sexual. I think that's a shame that because of... Doug
Healthcare Individual Mandate Too Weak to Matter, Aetna CEO Says
Posted: Thu Jan 19 -- You knew I would weigh in, just as I knew you would. :) I know that agents will probably lose a share of their commissions. Again, I say too... The Other Point of View

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Excess, Surplus & Specialty Markets Directory Vol. I
January 23, 2012

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