Tuesday, January 3, 2012

Daily Headlines: Tuesday, January 3, 2012

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Insurance Journal Daily Headlines
January 3, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Ground Shifting for Medical Liability Insurers: Moody’s

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

Securities Class Actions Steady in 2011; Surge Against Chinese Firms

The pace of filings of class actions under federal securities and commodity laws held relatively steady in 2011 as compared to the previous ...

Hiring Executives: How to Move Beyond First Impressions

What are they really like? Little things can be revealing in an interview and a skilled interviewer can look beneath the surface to ...

Schinnerer Launches E&O Policy for Artisan Contractors

Victor O. Schinnerer has created a new errors and omissions product for artisan contractors that includes coverage for faulty workmanship. ...
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East

Connecticut Health Officials Urge Homeowners to Test for Radon

The Connecticut public health department is urging residents to test their homes for radon gas, the leading cause of lung cancer in ...

Fatal Connecticut Fire Reminds Homeowners of Ash Dangers

Fire safety officials are warning homeowners about the dangers of fireplace ashes after a Christmas morning blaze that killed five people ...

New York City Helps Upstate Towns Prepare for Future Floods

The catastrophic flooding from hurricanes Irene and Lee exposed planning gaps in small towns that can't afford effective flood readiness ...

Some Uninsured Americans Turn to Daily Deal Sites for Health Care

The last time Mark Stella went to the dentist he didn't need an insurance card. Instead, he pulled out a Groupon. Stella, a small business ...

Lack of Workers’ Comp Closes Vermont Trucking Company

A trucking company owned by a Vermont state senator and his son has been shut down for not having workers' compensation insurance. A court ...

More Teens Drink and Drive on New Year’s Eve Than on Any Other Holiday

While New Year's Eve may conjure images of a celebratory toast, it's also traditionally one of the worst days of the year for ...
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Midwest

‘Flood House’ Gives Close-Up of Water Damage

Diane Hopp says she doesn't have a green thumb, so if her neighbors were around, they might be surprised to see her spraying a garden hose ...

Kansas County Looking into Earthquake Insurance

Shawnee County, Kan., commissioners have authorized the county's insurance broker to look into the cost of earthquake insurance. The topic ...

Injection Wells Shut Down After 4.0 Earthquake in Ohio

Officials said they believe the latest earthquake activity in northeast Ohio is related to the injection of wastewater into the ground near ...
Southeast

How Mississippi Insurance Agent Came to Own Prized LSU Pigskin

Larry Benefield didn't attend Louisiana State University. He has been to only one football game there in his life, a matchup against ...

Alabama Insurance Claims for Tornadoes Top $2 Billion

Insurers have paid at least $2.2 billion claims arising from the April tornado outbreak in Alabama, authorities said. More than 2,500 ...

Tornado Causes $1.8M Damage to Georgia Businesses

A week after a tornado struck northwest Georgia, an examination of damage has resulted in losses estimated at $1.82 million in the Rome ...

South Carolina Company Sues Ex-Worker Over Twitter Followers

An Internet company in South Carolina has sued one of its former employees, saying the worker cost the company thousands of dollars in lost ...
South Central

New Orleans' Jackson Barracks Gets Another $11.6M for Katrina Repairs

The Federal Emergency Management Agency is paying $11.6 million for historic preservation of five of the oldest buildings at Jackson ...

Louisiana Using Radar to Find Potential Sinkholes

Radar used in the stealth bomber and to find roadside bombs in Afghanistan and Iraq is moving into the sewers of Louisiana. The aim is ...
West

Los Angeles Arson Suspect Arrested

Los Angeles police booked a 24-year-old man on suspicion of arson after an L.A. County sheriff's deputy detained him in connection with a ...

San Francisco Public Utilities Commission's Luthi Named 2012 President Of RIMS

RIMS (the Risk and Insurance Management Society Inc.) on Tuesday announced that Deborah M. Luthi will lead the society as president for the ...

Lawsuit Settled Over Death Of Utah Inmate

Salt Lake County in Utah has agreed to settle a federal lawsuit filed by the family of a 19-year-old Magna man who starved to death while ...

Hawaii Lawmakers Calling Alcohol Ignition Locks Success

Hawaii officials say a state law requiring convicted drunk drivers to prove they are sober before their cars will start has been successful ...

Colorado Bus Kills Pedestrian Walking In Bus Lane

A 29-year-old woman who was walking in the bus lane on the outskirts of Aspen, Colo. was hit and killed by a bus early Sunday. The Aspen ...
International

Magnitude 7.0 Earthquake Strikes off Japan Coast

A strong earthquake with a preliminary magnitude of 7.0 struck under the sea several hundred miles (kilometers) south of Japan on Sunday, ...

UK’s Voyager Insurance Services Acquires Fresh Start Insurance

UK-based specialist broker Voyager Insurance Services Ltd, a member of the Somerville Group, which is focused on providing travel insurance ...

Xchanging Upgrades Mainframe Platform for London Market

Business processing specialist Xchanging announced that it has invested in a major upgrade of the mainframe platform at the heart of the ...

Liberty Syndicate Names Dubois to Head Business Advisory Team

London-based Liberty Syndicate Management Limited, a member of Liberty Mutual Group, has appointed Rene Dubois to lead its Business ...

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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

LBPS, Seterus, QBE, IBM-LBPS
Posted: Tue Jan 3 -- Good morning and Happy New Year. Thanks for the reply and input. We have several run ins with them daily due to the amount of Homeowner... CIScommercial
Do you purchase Damage Waiver when renting a car?
Posted: Mon Jan 2 -- I am surprised that no one posted one of the major reasons for buying the coverage from the rental car place: If you don't, your personal... lonestar
CertsNow 24/7 or CSR24
Posted: Mon Jan 2 -- I have used CSR24 for two years and I could never leave. I have several large trucking accounts and condo association managers that love it.... volstrike3
The transition from underwriter to producer...
Posted: Mon Jan 2 -- Hello all. This is my first post to this forum and I'm hoping there are some producers out there that used to be underwriters that can help... chi804
Acord Forms: Difference between 90 and 290
Posted: Sat Dec 31 -- Hi everyone, Can someone please tell me what is the difference between the Acord form 90 "Personal Auto Application" and form 290 "Personal... John J90
Adding Addtional Insureds
Posted: Thu Dec 29 -- Listen to the advice given below. NEVER request a change to a policy without specific instructions from the policyholder... Temblor
My CPCU journey - almost finished.....
Posted: Thu Dec 29 -- I earned my CPCU in 1995 under the old 10 part system. Back then all the exams were a 3 hour essay format and were offered only twice per... ForumReader1

Reader Comments

Aon Wins Preliminary Injunction Against Former Exec, Now at Alliant
Posted: Wed Dec 28 -- Aon only has a problem with someone violating a non-compete when it is theirs. They sure didn't have a problem supporting Pat Ryan's raid on... jfk1971
South Carolina State Worker Seeks Free Speech Damages Over Firing
Posted: Tue Dec 27 -- I hope Kelly wins his suit. Bob
Settlement Reached in Elly Mae Clampett Barbie Doll Suit
Posted: Fri Dec 30 -- CBS and Mattel may own the rights to the character, but they don't own the rights to Douglas' appearance. Stupid laywers... Jon
Esurance Debuts First Ad Campaign Since Being Bought by Allstate
Posted: Tue Dec 27 -- This must make Allstate Agent's real happy. Now they have another major competitor!! If Allstate really had their true wish, there would be... Steve
Former New Mexico Hospital Exec Sued Over Missing $3.2M
Posted: Thu Dec 29 -- Had he been bilking Medicare or Medicaid, he would never have been caught. Fraud and waste in Medicare/Medicaid costs the taxpayers over... Amazed

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