Tuesday, January 10, 2012

Daily Headlines: Tuesday, January 10, 2012

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Insurance Journal Daily Headlines
January 10, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Supreme Court Walmart Ruling Shakes Up Employment Class Actions

The Supreme Court's decision in Wal-Mart v. Dukes, heralded last term as a game-changer in employment class actions, has lived up to the ...

Federal Risk Retention Law Needs Clarification: Congressional Report

The federal law governing risk retention groups should be clarified to reduce the number of disagreements between RRG managers and state ...

5 Strategies for P/C Insurers for 2012

The economic uncertainty that plagues buyers of insurance does not bode well for the property/casualty insurance industry, experts are ...

CFC Underwriting Develops Cloud Coverage

Lloyd's MGA CFC Underwriting has launched a new cyber liability product with wording to cover the risks of storing data in the ...

Waked Succeeds Addeo as CEO at Confie Seguros

Confie Seguros, an insurance agency group focused on Hispanic consumers, has named Joseph Waked as chief executive officer. John Addeo , ...

‘Like’ Facebook in Driver’s Seat? Mercedes Offers App Inside Cars

At restaurants, at movies and at the office, checking Facebook has become a regular habit for many of the Internet social network's more ...

From MyNewMarkets.com Medical Liability Insurers Facing New Environment: Moody's

Although it comprises just over two percent of annual direct premiums for the U.S. property and casualty insurance industry, the medical...
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East

Boston Lawsuit Claims DES-Breast Cancer Link

Arline MacCormack first heard about DES from her mother when she was 17. Three decades later, MacCormack believes that the drug her mother ...

FDNY Inspector Accused of Accepting Bribes, Ignoring Safety Violations

Authorities say a New York City Fire Department inspector is accused of accepting bribes from day care centers in exchange for certifying ...

New York Officials to Implement Pharmacy Safety Program

Officials on Long Island, N.Y., are implementing a program to safeguard pharmacies in the wake of several deadly robberies. The Suffolk ...

Endurance Promotes Boland to Senior VP in New York Office

Endurance Specialty Holdings promoted Mark Boland to the position of senior vice president, primary casualty insurance. In his new role, ...

Connecticut Law Nixing Legitimate Malpractice Lawsuits

After losing a baby because of an incompetent cervix, Patricia Votre thought she was well prepared when she got pregnant again. She made ...
Midwest

Nebraska to Opt Out of Nonadmitted Insurance Multistate Agreement

Nebraska insurance regulators have notified the governing committee of the Nonadmitted Insurance Multistate Agreement (NIMA) that the state ...

Medical Liability Insurer MMIC Forms Risk Retention Group

Minneapolis, Minn.-based medical liability insurer MMIC Group Inc. (MMIC) has formed a risk retention group — MMIC RRG Inc. — to meet ...

Barton, Nelson Promoted at Missouri Department of Insurance

Two veteran insurance regulators at the Missouri Department of Insurance have been appointed to division director positions. Matt Barton ...
Southeast

South Carolina Judge Grants Initial OK for Class Action Over Sun City Homes

A South Carolina judge has granted preliminary class-action status to lawsuits alleging defective stucco work on homes in Sun City Hilton ...

Tennessee Plant Owners Failed to Protect Against Explosive: Panel

A federal panel says a company knew of the explosive danger of dust throughout its Tennessee plant but didn't do enough to prevent three ...

Florida’s Citizens Property CEO Wallace to Exit

Citizens Property Insurance Corp. President Scott Wallace has announced that he will step down as president and CEO of the corporation ...
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South Central

2012 Brings Operational Changes for Texas Windstorm Insurer

The New Year ushered in changes to the operation of Texas's insurance company of last resort for wind and hail along the Texas coast. ...

'Swamp People' Star Sues Over Use of Sayings

Troy Landry from The History Channel's "Swamp People" is accusing three companies of profiting from his "Choot Em" and other ...

Robinson Welcomed as FEMA Region 6 Deputy Administrator

The Federal Emergency Management Agency (FEMA) has named Tony Robinson as the new FEMA Region 6 deputy regional administrator. Region 6 ...
West

Fire That Destroyed 6 Washington Businesses Started in Tanning Bed

The fire that destroyed a building with six businesses in Silverdale apparently started with an exploding light in a tanning bed. Central ...

Arson Suspected At California's Biggest Beef Processor

Investigators say arson is suspected in a blaze that destroyed 14 big-rig tractors and several trailers at California's Harris Farms cattle ...

Patrol: Bus That Crashed In Montana Going Too Fast

Eight people remain in serious or critical condition a day after the bus they were riding in crashed on an icy interstate highway in ...

County In Utah Pays $144k To Family Of Inmate Who Starved

Salt Lake County is paying $144,000 to settle a federal lawsuit with the family of a 19-year-old Magna man who starved to death last year ...

Colorado Court Says Children Can Sue County Over Abuse

In the second time in about a month, a court has ruled that social workers can be held responsible for failing to protect children under ...

Judge Dismisses Most Claims in New Mexico Gay Bias Lawsuit

A judge has dismissed most of the claims in a New Mexico lawsuit by two women who alleged their daughter's teacher discriminated against ...
International

Aon Benfield 2011 Catastrophe Study: $107 Bn Insured Losses; $435 Bn Economic

Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp, has issued its  "Annual Global Climate and Catastrophe ...

Best Concludes Global Reinsurance Ratings Outlook for 2012 is Stable

A.M. Best Co. has released a briefing on the 2012 global reinsurance outlook, which concludes that despite the near record number of ...

French Broker Gras Savoye Receives License to Operate in Georgia

France's Gras Savoye, which is closely associated with Willis, announced that it has received a license to commence brokerage operations in ...

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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

Farmers - your opinion
Posted: Mon Jan 9 -- Thanks for chiming in Lonestar. It's amazing how many of us out there in the indy world now are recovering Farmers people. I don't actually... alx730
Contingent Commissions question
Posted: Mon Jan 9 -- I totally agree with you, in theory. Contingent commissions should be treated as a "wouldn't it be nice if we still got that" bonus.... Island Girl Agent
Tracking Producer Comission
Posted: Mon Jan 9 -- I can only assume from this question that you either don't have any kind of agency management software, or the software you are using is... Island Girl Agent
CertsNow 24/7 or CSR24
Posted: Mon Jan 9 -- I went with the CSR24 program from Artizan and will update in a few months to let anyone who is interested know how it is going. I have to... MT_Agent

Reader Comments

Lawsuits Filed in Las Vegas Over Buttocks Surgery Death
Posted: Thu Jan 5 -- Hmmmm...you make an appt for a surgery and go into a tile store back room? What right-minded person wouldn't turn around and walk right back... Ins Guy
Insurer Sues Google in Alabama Over Unflattering Search Results
Posted: Fri Jan 6 -- So dumb...by suing Google you bring this negative attention public because of Google's profile. If they'd have just sued the websites for... George
N.J. Court Rules in Favor of Allstate in Agency Franchise Lawsuits
Posted: Sun Jan 8 -- Wait, company established business objectives are quotas by any other name. How can independent contractors be fired for not meeting quotas?... LadyLiberty
Insurance Buyers' Choice: Bigger Premium or Bigger Risk
Posted: Fri Jan 6 -- We find that due to the economy, many of our business clients want to bottom line their coverage. Increasing deductibles on Property,... Amazed
Report: Liberty Mutual Failed in Bid to Buy Harleysville
Posted: Fri Jan 6 -- I would bet the policyholders of Harleysville I'll bet they would trade the A+ Rating of Nationwide for the $250m that supposedly was part... N.Newman

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January 9, 2012

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