Tuesday, January 31, 2012

Daily Headlines: Tuesday, January 31, 2012

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Insurance Journal Daily Headlines
January 31, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Media Firms Could Face Insurance Hikes in 2012

U.S. communications, media, and technology (CMT) companies can expect their insurance market conditions to further deteriorate in 2012, ...

Electronics in Autos Pose New Safety Issues, Scientists Say

The increasing use of electronic systems in automobiles is a challenge for federal safety regulators who often lack the technical expertise ...

MJ Insurance Launches Golf Program

MJ Insurance has created a product for the golf industry that includes both insurance coverage and risk management. The company's "Golf ...

Big "I" and Swiss Re Launch E&O Web Resource

The Independent Agents & Brokers of America (IIABA) Big "I" Professional Liability Program and Swiss Re Corporate Solutions have ...

Consumer Group Charges Auto Insurers with 'Disparate Treatment' of Low Income Families

A consumer group on Monday issued a study that alleges "disparate treatment" of low-to moderate-income families by auto insurers ...

Wellpoint Expands Offerings through Alliance with RLJ

Wellpoint and RLJ Insurace Services have developed a strategic alliance that will enhance and expand Wellpoint's supplier diversity ...

From MyNewMarkets.com Super (Insurance) Coverage for the Super Bowl

They say it's a game, but it's really a lot more than that. For football fans, the Super Bowl is every holiday rolled into one, especially...
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East

Maryland High Court Sides With Allstate in Coastal Homeowners Case

The Maryland Court of Appeals, the state's highest court, ruled in favor of Allstate last week. It upheld a previous lower court's ruling ...

New Jersey’s New AG Changes Consumer Affairs Enforcement

New Jersey's new attorney general is reorganizing the enforcement arm of the state's Division of Consumer Affairs to crack down on crimes ...

Two Vermont Towns to Decide on Abandoned Asbestos Mine

Voters in Lowell and Eden are going to vote on whether to request that an abandoned asbestos mine be declared a federal Superfund hazardous ...
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Midwest

Kansas Ag Secretary Seeks Waiver for Illegal Immigrant Workers

Facing pressure from large dairies and feedlots desperate for workers, Kansas Agriculture Secretary Dale Rodman is seeking a federal waiver ...

Michigan-Based Amerisure Appoints Key Executives

Farmington Hills, Mich.-based Amerisure Mutual Insurance Co. announced a number of executive level appointments: Barbara Cristea, assistant ...

Top Ohio Insurance Fraud and Enforcement Cases for 2011

Ohio insurance regulators opened 233 insurance fraud cases last year, handled 1,678 agent misconduct cases, took administrative action ...
Southeast

MIssissippi Wind Pool Goes Shopping for Reinsurance in London

Members of Mississippi's wind pool board are in London this week to seek low reinsurance rates — a key factor in the cost of ...

Florida Investigating Cause of Multiple Car Pile-Up That Killed 10

Authorities in Florida are trying to determine what caused a horrific highway pileup where vehicles collided one after another on a dark ...

Tennessee University Apologizes for Foul Over Basketball Prize Insurance Claim

A Tennessee state university has apologized to an insurance company after representing that the insurer improperly denied a $20,000 prize ...

Florida Lawmaker Warns on Damages If Cuba Oil Drilling Spills

Since the United States couldn't stop Repsol from drilling for oil off Cuba's coast, it should make the Spanish oil giant pay dearly for ...

A.M. Best Downgrades Peachtree Casualty Due to Florida Auto Results

A.M. Best has downgraded the financial ratings of Peachtree Casualty Insurance Co., citing the insurer's poor underwriting results due in ...
South Central

Arkansas Family Sues Driver, Company Over Teen’s Death

The family of an Arkansas teenager who died after being hit by a tractor-trailer in Texas last year has filed a wrongful death lawsuit ...

Texas Mutual Pays $450K Dividend to NFIB Construction Group

Texas Mutual Insurance Co. announced a $450,058 workers' compensation dividend to the National Federation of Independent Business (NFIB) ...

Oklahoma Officials Learn Lessons from 2002 Ice Storm

Communications have been modernized, utility outage response has improved and emergency response officials in north-central Oklahoma are ...
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West

Toyo Tire Recalls Nearly 69,000 Tires

Cypress-based Toyo Tire U.S.A. Corp. is recalling nearly 69,000 tires because of a possible kink near the rim area that could cause a crack ...

Oregon GOP Pushes Limits on Medical Malpractice Liability

Republicans in the Oregon Senate say they'll fight Gov. John Kitzhaber's proposed overhaul of the Oregon Health Plan unless it includes ...

Utah Family Sues Pharmaceutical Company

The family of a late Hyde Park woman has sued a pharmaceutical company, claiming it made a faulty pain-relief patch that caused her death. ...

Arcing Power Lines Caused Big Nov. 18 Fire In Nevada

Fire investigators have confirmed arcing power lines caused the wind-blown blaze that destroyed dozens of homes in Reno in November. The ...

Above Normal Fire Season in Southern Arizona

Forest Service officials in southern Arizona are bracing for another bad fire season. Forest Service spokesman Heidi Schewel told the ...

Bill Targets Arizona Toll Road Evaders

Arizona does not have toll roads, but two state lawmakers have introduced legislation that would take the cars of suspected toll road ...

UCSB Police Seek Arsonist After Campus Fire

Police at the University of California, Santa Barbara say they are looking for an arsonist after a fire that badly damaged a trailer, a ...

Contractor Charged With Wage Theft, Other Charges

A painting contractor who had a number of contracts to work on San Francisco city and school projects is facing charges that she cheated ...

Whittemore Accused of Embezzling From Ex-Partners

Former business partners of Nevada developer and lobbyist Harvey Whittemore have sued him, claiming he embezzled and misappropriated more ...

County Defends Lockup after $22 Million Award

Dona Ana County officials are defending how they run their jail following a huge monetary verdict in favor of a former inmate. A federal ...

Court Delays Ruling On Honda Hybrid Suit

An unusual small claims lawsuit by a Honda hybrid owner took another complicated turn last week with additional arguments that prompted a ...

United Fire Group Names Sullivan West Coast Regional Manager

United Fire & Casualty Co. has named Ed Sullivan to West Coast regional manager for its regional office in Rocklin, Calif. In this ...

Heffernan in Orange County Names Albanese SVP, Benefits

Heffernan Insurance Brokers has hired Karen Albanese office as senior vice president in its Orange County, Calif. office, focusing on ...
International

French P/C Insurers’ Outlook Now Stable: Moody’s

In a new industry outlook published today, Moody's Investors Service says that it has changed the outlook for the French property and ...

UPDATE: Insured Loss Estimates from Thailand Floods

Last year's flooding in Thailand is shaping up to be one of the costliest natural disasters in history, with insured losses alone ...

Insurance Society to Team with UNEP for Sustainable Insurance

The International Insurance Society's (IIS) annual conclave in June in Rio de Janeiro will see the launch of an initiative in partnership ...

MetLife to Acquire Aviva’s Czech, Hungarian, Romanian Operations

MetLife, Inc. announced that it has agreed to acquire the life insurance businesses of UK-based Aviva plc in the Czech Republic (Aviva ...

Hurst-Bannister to Join Xchanging Ins-Sure Services Board

Global business processor Xchanging announced that Barnabas Hurst-Bannister will join the Xchanging Ins-Sure Services board as a ...

Ratings Roundup: Fuji Fire, Greenlight Re

A.M. Best Co. has upgraded the financial strength rating to 'A-' (Excellent) from 'B++' (Good) and the issuer credit rating to "a-" ...
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Sponsored Content

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San Diego, CA, 01/31/12 - The 2012 Virtual Insurance Marketplace, sponsored by Direct Connection Advertising and Marketing, is excited to announce that all exhibitor booths ...

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New Discussions in the Forums

Farmers - your opinion
Posted: Mon Jan 30 -- WOW. Guess that says it all. Be like the Captian of that cruise ship - Save Yourself my former peers! FFA
Do you purchase Damage Waiver when renting a car?
Posted: Mon Jan 30 -- If I'm traveling and will be driving quite a bit in an urban area with which I am not familiar and the weather is or is projected to be... mightyquinn
Personal Quake Insurance - CA
Posted: Mon Jan 30 -- Looking for quake markets to cover personal residence in CA. HO value [Travelers] $438,000. Know of Geovera, Pacific Select, Pacific... mightyquinn
How do you ask for a referral?
Posted: Fri Jan 27 -- Another way is to send an email (if that's the preferred way to contact a particular client) and ask for referrals. I've thought about... pageltd
Ally Insurance Network
Posted: Thu Jan 26 -- Anyone have experience or thoughts about this group? It appears like some type of cluster of MGA but never heard of them... broberts1963

Reader Comments

Florida Lawmakers Reject Bad-Faith Reform Bill
Posted: Fri Jan 27 -- This is a draconian solution in search of a problem, said Cunningham No Mr. Cunningham what it Draconian is the law as it stands.... TN
Workers' Compensation Turn a Profit? Fahgettaboudit!
Posted: Tue Jan 24 -- NCCI has been pussyfooting around with this for he past two years in their annual updates state-by-state. They won't come out and say,"Hey,... NG
People Lie More When Texting
Posted: Fri Jan 27 -- Truth is I'm much better looking here than in real life.... no lie. Anejo
Consumer Group Charges Auto Insurers with 'Disparate Treatment' of Low Income Families
Posted: Tue Jan 31 -- The survey and it's authors clearly know very little about auto insurance, specifically the calculation of rates. The fact that they suggest... Former Status Quo
Climate Change Lawsuit in Court in Oregon
Posted: Thu Jan 26 -- Indeed, I see how many comments have been posted, the vast majority of them completely uninformed about how our legal system works,... The Other Point of View

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January 23, 2012

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