Tuesday, January 17, 2012

Daily Headlines: Tuesday, January 17, 2012

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Insurance Journal Daily Headlines
January 17, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

P/C Insurance Industry Enlisting Veterans in Talent War

The property/casualty insurance industry is calling on the military for help in the talent war. Through special units, concerted outreach, ...

P/C CEOs Say Low Interest Rates Push Need for Stringent Underwriting

The low interest-rate environment and poor investment income are pushing the need for more stringent underwriting for carriers, according ...

Congress May Revisit Online Piracy Bill After White House Criticism

Federal legislation aimed at curbing online piracy, which had appeared to be on a fast track for approval by Congress, appears likely to be ...

Murderer, Fake FBI Agent, Amateur Arsonist Enter Insurance Fraud Hall of Shame

A cash-strapped businessman torches his home then massacres five people to keep witnesses from testifying. A cop shoots himself to steal ...

Cruise Ship Victims Can’t Use U.S. Courts: Expert

Victims of the Italian cruise ship disaster who might seek to sue in the United States, where damages lawsuits are a virtual industry, may ...

National Hurricane Center Chief Reed to Retire

National Hurricane Center Director Bill Read, who took over the forecasting agency during a time of turmoil and leaves it much calmer, ...

Travelers Broadens Coverage and Raises Limits for Oil and Gas Risks

Travelers Oil & Gas has enhanced its EnergyPro Control of Well Care, Custody and Control coverage by increasing limits and broadening ...

XL Adds Excess Auto Coverage to E&S Product Line

XL Group's insurance segment has added excess auto coverage to its excess and surplus product offerings. The company has hired Michael ...

From MyNewMarkets.com BuildFax Develops Up-to-Date Property Data for Insurers

In many ways, insurance is a battle for information. From marketing to underwriting to claims, the ability to know as much as possible about...
New from Insurance Journal Academy: The Real Effects of Granting Additional Insured Status - presented by author and expert Chris Boggs
East

P/C CEOs Look Back on the Financial Storm That Was 2011

A panel of CEOs at a recent industry forum looked back and shared their thoughts on 2011, the year of record-high catastrophe loss for many ...

Mass. AG Coakley Asks U.S. Supreme Court to Back Insurance Mandate

Massachusetts Attorney General Martha Coakley has filed a brief with the U.S. Supreme Court supporting a key provision in the federal ...

$100M Gender Bias Suit Filed Against Quest Diagnostics in New Jersey

Female sales representatives for Quest Diagnostics are accusing the diagnostic testing company of gender discrimination in a $100 million ...
Midwest

IMAC Acquires Chicago-based Specialty Service Solutions

Randolph, Mass.-based International Marketing and Administration Company (IMAC) purchased Specialty Service Solutions LLC, an insurance ...

Former North Dakota Insurance Agent Sentenced for Fraud

A former Minot, N.D. insurance agent has been sentenced to prison and ordered to pay nearly $1.2 million in restitution for wire fraud. ...

South Dakota Governor Says He Won’t Pursue Health Exchange

Gov. Dennis Daugaard has announced that his administration will not pursue legislation to establish a health insurance exchange during this ...
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Southeast

Florida Workers’ Compensation Costs Per Claim Growing: WCRI Study

Workers' compensation costs per claim in Florida, which dropped in the year following system reforms in 2003, showed signs of growth from ...

Florida Workers' Compensation Rate Hike Irks Businesses

Florida small businesses seeing their second workers' compensation rate increase in as many years are calling on the state to reduce the ...

Alabama Man Tracks Earthquakes from Basement

Down in the basement of Steve Jones' southeast Huntsville home, just past the electrical workshop, is a door into an unfinished ...

South Carolina Jury Awards $1M to Teens in ‘Choking Game’ Claim

Two South Carolina teens have been awarded $500,000 each in a lawsuit over the so-called ``choking game'' at a Clarendon County camp for ...
South Central

MSO Introduces Farmowners Product in Arkansas

The Mutual Service Office Inc. is introducing its 2011 farmowners program in Arkansas. The program is being used by a member company that ...

Report: Louisiana Homeowners Insurance Rates Rising More Slowly

Homeowners insurance premiums in Louisiana remain among the nation's highest, but are rising much more slowly than they did in the first ...

Pioneer General Insurance, American Contractors Indemnity Merge

Houston-based HCC Insurance Holdings Inc. announced the merger of Pioneer General Insurance Co. (PGIC) with and into American Contractors ...

Helin Named President of Southwestern Insurance Information Service

The board of Southwestern Insurance Information Service has elected Sandra Helin as president of the organization effective March 1. Helin ...

Bollinger to Head Louisiana Workers’ Compensation Corp. Board

The board of directors of Louisiana Workers' Compensation Corporation (LWCC) has elected its officers for 2012. They are: Donald T. ...
West

Report Suggests Arizona Wildfire Was Accident

A government report suggests that someone working for a proposed silver mine accidentally started a wildfire last year in the Patagonia ...

600 Nevada Flood Victims Get Share of $10 Million Settlement

About 600 victims of a flood caused by the failure of a century-old irrigation canal in Fernley, Nev. in 2008 have received their share of ...

Nevada Doctors Sue Woman, Claim She Embezzled

A group of Reno, Nev. emergency physicians has sued a woman who oversaw its billing and accounting, claiming she has embezzled more than ...

Avalanche Risk Increases in Parts Of Bridger Range In Montana

Officials with the Gallatin National Forest Avalanche Center say a weekend storm and falling temperatures have increased the avalanche ...

Fireman's Fund Names Conway Chief Marketing Officer

Fireman's Fund Insurance Co. has name Juliene Conway its chief marketing officer. In Conway's role, she will lead the market management ...
International

AIA May Bid $6B for ING Asian Business

AIA Group Ltd, Asia's No.3 insurer and about one-third owned by American International Group Inc., may bid for the $6 billion Asian ...

Carnival, Tourism Industry, Insurers Tally Cost of Cruise Ship Accident

The cruise ship industry faces an uphill task to restore confidence among customers spooked by images of the stricken Costa Concordia ...

Cancer Village Lawsuit Tests China’s Pollution Lawsuit Climate

Nothing in Wu Wenyong's rural childhood hinted he would end up on a hospital bed aged 15, battling two kinds of cancer. Born to poor ...

Accounting Firms Cleared of Blame in Japan’s Olympus Scandal

An unofficial panel of experts cleared global accounting groups KPMG and Ernst & Young of any responsibility for a $1.7 billion ...

Willis Teams with Narec Capital to Boost Renewable Energy Coverage

Willis announced a new strategic alliance with clean energy financier Narec Capital, which it said would "unlock fresh opportunities for ...

UK’s Jubilee Joins i-Digital Insurance for ‘Downloaded Content’ Coverage

Underwriting Agency, i-Digital Insurance and specialist Lloyd's insurer Jubilee have joined forces to develop and distribute a new ...

Nevada Doctors Sue Woman, Claim She Embezzled

A group of Reno, Nev. emergency physicians has sued a woman who oversaw its billing and accounting, claiming she has embezzled more than ...

Flightsurance Now Available in the UK and Ireland

Flightsurance can now be purchased in the UK and Ireland, offering airline passengers €1 million in worldwide accident coverage. This ...
New from Insurance Journal Academy: The Real Effects of Granting Additional Insured Status - presented by author and expert Chris Boggs

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New Discussions in the Forums

Tracking Producer Comission
Posted: Tue Jan 17 -- JAM, If tracking these commissions is close to a full-time job, then as Island Girl Agent mentioned, it is time to look at an agency... JasonBHBCo
Farmers - your opinion
Posted: Mon Jan 16 -- dm, if you are not an employee of Farmers, and are not a district manager or division marketing manager, then please accept my apology.... lonestar
Work Comp (CA) - 8015 Furniture - Wholesale with losses
Posted: Sat Jan 14 -- Chartis is a good start. Also First comp might look at it. JAM
Back Into Insurance
Posted: Thu Jan 12 -- Kevin, you're sounding like you want back into the corporate world with salary, benefits and the mentioned 401K. If that's the case, you're... d's insurance store
Insurance agency Clusters
Posted: Thu Jan 12 -- What is the city location of your agency. What is your average size busiess book How long of you been an agent / borker? Sanddog sanddog1

Reader Comments

2-Year Term for Texting Driver in Fatal Oregon Crash
Posted: Fri Jan 13 -- Another reason our legal system sucks. Getting busted with weed draws a longer sentence. This jackass showed total disregard for life when... Jester
Illinois Officials Report Drop in Tollway Usage After Fee Hike
Posted: Thu Jan 12 -- It's a crime that they hike the prices up almost double. That's the state of Illinois for you! Crooks! Chris
'Swamp People' Star Sues Over Use of Sayings
Posted: Tue Jan 10 -- That's one smart Cajun. He should also get an endorsement deal from the makers of the one shirt that he wore in every episode. Anejo
Judge Allows Suit Alleging GE Misled Investors
Posted: Fri Jan 13 -- Why am I not surprised about this? Jeffrey Immelt is the poster child for corporate corruption. GE Capital received a lot of TARP funds when... Amazed
County In Utah Pays $144k To Family Of Inmate Who Starved
Posted: Tue Jan 10 -- So the inmate stops eating and it is the county's fault. And if they would have force fed him, the family would have sued for abuse. sandman

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