Wednesday, January 25, 2012

Daily Headlines: Wednesday, January 25, 2012

Looking for Workers' Comp Markets? Click here for more information.
Insurance Journal Daily Headlines
January 25, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

January P/C Reinsurance Renewals Flat or Up Slightly: Towers Watson

January 1 renewal rates for U.S. property/casualty reinsurance premiums showed firming with changes from -5 percent to +5 percent on an ...

Court Upholds Travelers vs. Reinsurers in Big Asbestos Award

A New York appellate court affirmed a $420.4 million ruling in favor of insurer The Travelers Companies, handing it a victory in one of the ...

Crop Insurance Payouts at a Record $9.1 Billion

Crop insurers paid out a record $9.1 billion in indemnities on 2011 U.S. crops, and the total could top $10 billion when all claims are ...

ACE Risk Management Launches Specialty Transportation Segment

ACE Risk Management has created a national transportation industry segment to offer customized primary casualty coverage for this class. ...

Report: Most Workplace Homicides Happen During Robberies

What do robberies and healthcare patients have in common? Workplace violence. While the numbers of workplace homicides and injury-causing ...

Ratings Roundup: Montpelier US, Medico, First Sealord, Pathfinder

A.M. Best Co. has upgraded the financial strength rating (FSR) to 'A+' (Superior) from 'A-' (Excellent) and issuer credit rating (ICR) to ...

From MyNewMarkets.com Auto Insurers Find It Better to Forgive Than Lose Business

When insureds suffer a loss in most of the insurance market, they expect their rates to go up. However, insureds' expectations are changing...
Sponsored today by: Westrope. Brains & Brawn. Our Knowledge Adds Value - Our Strength Delivers Results. Click here for more info.
East

Nationwide Calls Harleysville Deal ‘Fair and Compelling’

Nationwide is brushing off Liberty Mutual's allegation that Nationwide's pending acquisition of Harleysville Mutual would unfairly benefit ...

Loreley Financing Sues Citigroup Over $1 Billion Investments

Citigroup Inc. was sued for fraud by Loreley Financing over nearly $1 billion worth of collateralized debt obligations purchased in 2006 ...

Travelers CEO: Business Insurance Renewal Price Up 10% in December

Travelers Companies Inc.'s business insurance had renewal premium rate gains of 8 percent for the fourth quarter 2011 and 10 percent for ...
Are you an independent insurance agent or broker? Take IJ's 2012 Agency Salary Survey today and receive an advance copy of the story and the survey results! Click here for more information.
Midwest

Lawsuit Seeks Information on Michigan Auto Injury Claims

A coalition fighting proposed changes to Michigan's auto insurance laws filed a lawsuit seeking claims information from an association that ...

Oak Street Funding Adds Gray as Chief Financial Officer

Carmel, Ind.-based Oak Street Funding has appointed W. Todd Gray as chief financial officer. Gray will lead the finance and underwriting ...

Former North Dakota Insurance Agent Sent to Prison

A former Fargo insurance agent has been sentenced to three years in prison and five years on supervised probation for stealing hundreds of ...

Missouri Senate Debates Workplace Discrimination Bill

Democrats in the Missouri Senate say a bill revising workplace discrimination laws would make it harder for people to prove the claim ...
Southeast

Kentucky’s Churchill Downs, Jockeys’ Guild Reach Insurance Agreement

Churchill Downs Inc. and the Jockeys' Guild have reached an agreement to subsidize riders' health insurance, life insurance and disability ...

Leavitt Group Names Bridges President of Atlanta Office

The Leavitt Group insurance brokerage has named David Bridges as the president of its Atlanta office. He will also serve as an executive ...
South Central

Allstate Wants a Rate Increase in Louisiana

Allstate Corp. is asking to raise rates for 144,000 Louisiana homeowners who get their insurance coverage from two Allstate companies. ...

Another Lawsuit Filed Over ’09 Boat Wreck That Killed 5

The owner of a boat that slammed into a barge at night off the Louisiana coast, killing all five oilfield workers on it, has sued its ...

Lubbock Office of Shofner, Lynch & Shulse Joins MHBT

Two well-known Texas independent insurance agencies have merged. Dallas-based McQueary Henry Bowles Troy (MHBT) and Shofner, Lynch & ...

HCC's Cat Losses in Q4 Mostly Related to Thailand Flooding

HCC Insurance Holdings Inc., headquartered in Houston, has reported preliminary fourth quarter 2011 catastrophe losses, after reinsurance ...
Join Insurance Journal, Western Security Surplus and Markel Corporation as they work to help three children who lost their parents in a tragic accident. Click here for more information.
West

Bills Named Colorado Casualty President and CEO

Centennial, Colo.-based Colorado Casualty has named Lucas J. Bills as president and chief executive officer of the commercial lines ...

Milliman Forms Risk Institute

Seattle, Wash.-based consulting and actuarial firm Milliman Inc. has formed Milliman Risk Institute, designed to provide scientific-based ...

Group to Push Idaho Liquor Vote, Grocers Back Off

A grocery lobbying organization won't advance a liquor privatization ballot measure in 2012, but a second group announced it will seek to ...

Climate Change Lawsuit in Court in Oregon

A Lane County Circuit Court judge is deciding whether to allow a lawsuit brought by two girls against Gov. John Kitzhaber, accusing him of ...

Magnitude-4.7 Shakes Hawaii's Big Island

A magnitude-4.7 earthquake and several small aftershocks shook Hawaii's Big Island on Sunday, but there were no reports of injury or ...
New from Academy of Insurance: Do You or Your Agency Make These 2 Huge Certificate of Insurance Mistakes? Join us Thursday January 26 for a one hour webinar - click here to save your spot
International

Study: Major Earthquake Could Hit Tokyo Within Years

A new study is warning that the Tokyo region has a 70 percent chance of being hit directly by a powerful magnitude-7 earthquake within four ...

Cruise Liners Need Tighter Safety Rules Say Marine Insurers

Passenger ship operators should tighten up safety procedures and crew training standards to prevent a repeat of the Costa Concordia ...

WillisWire Bloggers Reveal Their Top Emerging Risks for 2012

A bulletin from Willis Group Holdings identifies 18 "emerging risks," as causing increasing concern among the world's insurance community. ...

Euro Zone Ministers Reject Private Bondholders’ Offer on Greek Bonds

Euro zone finance ministers on Monday rejected as insufficient an offer made by private bondholders to help restructure Greece's debts, ...

Analysis of New EU Data Protection Laws Command the Tide but Not the Cost

New data-protection proposals from the European Union to help people regain control of personal information from sites like Facebook could ...

Best Places PartnerRe and Operating Subs Ratings on Review/Negative

A.M. Best Co. has placed under review with negative implications the financial strength rating (FSR) of 'A+' (Superior) and issuer credit ...

Best Sees No Ratings Change for QBE Despite Lowered Profit Estimates

A.M. Best Europe - Rating Services Limited has commented that the ratings of Australia's QBE Insurance Group Limited and its main ...

Join the Insurance Journal Network

Twitter Facebook LinkedIn


Insurance Journal TV

Video thumbnail

How Insurance Distribution Is Changing

Retail and wholesale brokers face the challenge —and opportunity— of redefining their...
Video thumbnail

Vertafore: Intelligence in Technology

Insurance technology leader Vertafore serves 15,000 agencies, 1,000 carriers and about 750...

TV icon Watch more videos at InsuranceJournal.tv

New Discussions in the Forums

How have you Benefited from your Cluster Membership?
Posted: Wed Jan 25 -- Love, LOVE, SIAA. They were a God send when setting up my IA after 17 years with FIG. Helped me determine what carriers were competitive in... sacman
Farmers - your opinion
Posted: Tue Jan 24 -- Ok- I have been with Farmers for 21 years. Some have been really good and some have been really ugly. I have been very fortunate to be very... justthere
Producer Compensation-Florida
Posted: Tue Jan 24 -- Thank You. that was my thought as well, but I wanted to get some other opinions saabins
Tracking Producer Comission
Posted: Tue Jan 24 -- The stand-alone system that I wrote is geared more for Brokerage General Agents (BGA) and tracks the complete payout of cases including who... RAC30188
My CPCU journey - almost finished.....
Posted: Mon Jan 23 -- I am starting this month with CPCU 530 and wasn't sure if I should get the flash cards, etc. After reading this post, I'm going to stick... AnMarieB
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
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

Reader Comments

Lawyer Hits Jailing of Amish Men in Kentucky Over Buggies
Posted: Mon Jan 23 -- This isn't just an "Amish thing", it has to do with safety on the roadway..PUBLIC roadways. It's fine if the Amish want to put *their*... Susan
Mississippi Supreme Court to Hear Grocery Store Parking Lot Beating
Posted: Mon Jan 23 -- INSANITY prevails. Come on, an armed guard in the parking lot? What a ridiculous presumption of safety. Shame on the jury of me, women and... reality bites
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
New Jersey High Court Clears County in Bicyclist's Death
Posted: Mon Jan 23 -- Sanity prevails! Seriously, a 1.5" deep hole? Tragic consequences indeed, but hardly an unnegotiable road hazard. Had it been a 1.5" bump,... reality bites
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

Current Issue

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

More Newsletters

Choose Newsletters
Enter Your E-mail

How to Advertise

For information about advertising on this newsletter and Insurance Journal magazines, contact Julie Tinney at (800) 897-9965 x148.
View our Media Kit for advertising options in our magazines and online properties.
Insurance Journal
3570 Camino del Rio North, Suite 200
San Diego, CA 92108
(800) 897-9965
Copyright © 2012 by Wells Publishing, Inc.

No comments:

Post a Comment