Thursday, February 23, 2012

Daily Headlines: Thursday, February 23, 2012

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Insurance Journal Daily Headlines
February 23, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Judge: BP, Anadarko, Transocean May Be Liable for Oil Pollution Claims

BP Plc and Anadarko Petroleum Corp. are liable and Transocean Ltd. may be liable for civil damages under federal pollution laws over the ...

Insurance Plays Key Supporting Role in Movies

Americans love movies, and they showed it by purchasing 1.2 billion tickets worth about $10.2 billion at the box office last year. That, of ...

Survey: 51% of Insurers Expect to Increase Staff in 2012

A new study says 51 percent of the insurance carriers recently surveyed expect to increase staff in the next 12 months. But it's not all ...

Starr Launches White-Collar Disability Coverage

Starr Indemnity & Liability Co. has introduced white-collar disability insurance for high-net worth individual and corporations. The ...

Maritime Program Group Introduces Motor Truck Cargo Coverage

Maritime Program Group (MPG) has launched an exclusive motor truck cargo program along with North American Specialty Insurance Co., a ...

AIA’s Snyder Describes Korea Trade Pact as ‘Excellent Model’

The long-awaited implementation of the Free Trade Pact between the Republic of Korea, or South Korea, and the U.S. (KORUS) is scheduled to ...

From MyNewMarkets.com Midwest Farmers Urged to Buy Crop Insurance Due to Dry Weather

A relatively snow-free winter in the Upper Midwest has some officials worried about damage to agriculture if the dry weather persists into...
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East

Virginia Residents File $2B Lawsuit Over Toxic Fly Ash

A group of Chesapeake residents has filed a $2 billion lawsuit against the owners of Battlefield Golf Club at Centreville and Dominion ...

Willis Tabs Zurich Exec to Lead U.S. Construction Surety Business

Willis North America, a unit of global insurance broker Willis Group Holdings, appointed Sean McGroarty as New York-based national surety ...

Pennsylvania Christian College Sues Over Birth Control Regs

A Christian college in western Pennsylvania has sued the federal government saying regulations that require employers to offer birth ...

The Hartford Hires Chartis U.S. Underwriting Chief Tucker

Hartford Financial Services Group announced three senior management appointments, including Tom Tucker as chief underwriting officer of ...

R.I.-based Affiliated Insurance Managers Appoints Marketing Manager

Warwick, R.I.-based agency Affiliated Insurance Managers is expanding its commercial insurance division and appointed industry veteran ...
Live webinar from Academy of Insurance: Myths, Lies and Legends Surrounding Kidnap and Ransom Coverage
Midwest

4.0 Earthquake in Missouri Shakes 9 States

Just days after the 200th anniversary of a series of massive earthquakes in southeast Missouri, residents woke up on Feb. 21 to a rumbling ...

Wisconsin Assembly Ends Workplace Discrimination Awards

The Wisconsin State Assembly has passed a bill that would put an end to punitive and compensatory damages for workplace discrimination. ...

Kansas Failing to Reduce Train-Related Deaths

The number of people killed in train-related accidents in Kansas has remained steady in the past 20 years although there has been a ...

Minnesota Receives $26M to Continue Design of Insurance Exchange

Minnesota Gov. Mark Dayton announced that the state has received a $26 million grant to continue the design and development of a ...
Southeast

Struggling Floridians Line Up for Mortgage-Mending

Nearly 1,200 people lined up at a downtown Miami conference center on Wednesday, holding onto mortgage documents and income statements in ...

Massey Mine Superintendent Charged with Conspiracy in West Virginia Blast

The former superintendent of the West Virginia coal mine where 29 workers died in a 2010 explosion was charged on Wednesday with felony ...

South Carolina’s Small Glass Shops Seek to Crack Giant Safelite’s Clout

How automotive glass repair companies are allowed to access glass claims has become a contentious issue in South Carolina where independent ...

Driver Texting Ban Passes Alabama House, Moves to Senate

The Alabama House has voted to ban drivers from sending or reading text messages while operating a motor vehicle on Alabama roads. The bill ...
South Central

Texas Regulators Looking at Ways to Restructure Windstorm Pool

Texas insurance regulators are seeking a consultant to explore options for restructuring the insurer of last resort for properties along ...

2011 an Exceptional Year for Tornadoes

While 2011 marked the fourth deadliest year on record for tornadoes in the United States, Texas was spared tornado-related fatalities and ...

Yung Named CEO at El Paso, Texas-Based JDW Insurance

W. Martin Yung has been selected chief executive officer for JDW Insurance, headquartered in El Paso, Texas. Yung is a shareholder and a ...

TGA Insurance Managers Adds Gallien in Oil & Gas Unit

TGA Insurance Managers Inc., a subsidiary of Texas-based Hallmark Financial Services Inc., has hired Michael Gallien as product manager for ...
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West

Judge Strikes Down Washington Law Mandating Pharmacists Sell Contraception

A federal judge ruled on Wednesday that Washington state cannot require pharmacists to dispense emergency contraceptives if to do so ...

One-Armed Man Sues Starbucks For Not Hiring Him

A man who was born with half a left arm is suing Starbucks for failing to hire him as a barista. Eli Pierre sued the company in San Diego, ...

Vegas Hepatitis C Outbreak Cases Get Settlements

Court-ordered talks have yielded settlements in 41 lawsuits involving drug companies blamed for supplying an anesthetic to Las Vegas ...

$100K Reward in Arson Attack At California Beef Processor

Fresno County authorities are offering $100,000 for information leading to an arrest in last month's arson attack California's biggest beef ...

Lawsuit Says Ambulance Firm Dissected Man’s Brain

A Northern California coroner is being sued by the parents of a man whose brain was given to an ambulance company for dissection. The New ...

Poms Names Rossetti Vice President of Employee Benefits in New Mexico

Los Angeles, Calif.-based Poms & Associates Insurance Brokers Inc. has named John Rossetti vice president of the employee benefits ...

Alaska Division of Insurance Seeking New Director

Alaska Division of Insurance has launched a search for a new director now that Linda Hall, who ran the division for nine years, is retiring ...
International

Reuters: Dubai Finance Centre to Allow Transactions in Chinese Yuan

The Dubai International Financial Centre (DIFC), the United Arab Emirates' financial hub, expects to permit transactions in Chinese yuan ...

Italian Prosecutors Expand Cruise Ship Investigation as More Bodies Found

Italian prosecutors placed four ship's officers and three company executives under investigation on Wednesday in connection with the Costa ...

ING to Sell 3 Asia Joint Ventures Separately from Other Assets

ING Groep NV is planning to sell its three Asian insurance joint ventures separately from its other Asia assets so that the overall sale is ...

EU Seeks Legal Opinion on Global Copyright Pact

The European Union's executive said on Wednesday it would refer a disputed global agreement to tackle online piracy to the bloc's highest ...

Anti-Piracy Group SOS SaveOurSeafarers Welcomes UK Gov’t. Support

SOS SaveOurSeafarers has issued the following statement following a conference in London on Somali piracy, organized by the UK's Foreign ...

Belgian Gov’t. Names Former FERMA President Dequae to Dexia Board

The Government of Belgium has appointed Marie Gemma Dequae, currently a scientific advisor to the Federation of European Risk Management ...

Best Assigns ‘A-’ Ratings to Assurances Mutuelles de France

A.M. Best Europe - Rating Services Limited has assigned a financial strength rating of 'A-' (Excellent) and issuer credit rating of ...
Sponsored Content

ACM Continues Expansion with Opening of Tampa Bay Office

San Diego, CA, 02/23/12 - American Claims Management, Inc. (ACM), a national third party administrator, has opened an additional office in ...

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Insurance Journal TV

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Chartis CEO Hancock on Fear, Regulation, Science and Expenses

Peter D. Hancock, CEO of Chartis, AIG's global property/casualty business, discussed the...
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Lobbyist Norwood Analyzes Consumer Watchdog Legislation

John Norwood is one of California's best known legislative advocates for the insurance and...

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New Discussions in the Forums

Condominium Association GL - East Coast
Posted: Thu Feb 23 -- Does anyone know of any good ADMITTED GL carriers for condo associations, besides Auto-Owners, Starr, USLI? SCIG
Questions about starting an MGA
Posted: Thu Feb 23 -- Thanks Mike. That website is really a nice resource. I will be contacting your company to learn more about the system you have. I really... paulbennings
claims question
Posted: Thu Feb 23 -- Even though an insured's policy may exclude coverage under property or liability, the claimant can go to court (even small claims court) and... darnovak
E&o For New P&c Agents
Posted: Wed Feb 22 -- We're in California (new P&C agency) and got our E&O insurance from these guys for about $2,000 per year:... insuranceismylife
My CPCU journey - almost finished.....
Posted: Sat Feb 18 -- Congratulations! I think the CPCU program is a good program. I got halfway through the program earlier in my career. For me. completing the... Robert742
Personal Quake Insurance - CA
Posted: Fri Feb 17 -- Firemans Fund will write quake on high value dwellings, so will Chartis/Lexington. Depending on where your risk is located, and the... LadyBroker
Partnership Questions
Posted: Fri Feb 17 -- I'm in VA. Taylyn
Are Insurance Agents Employees or Independent Contractors?
Posted: Fri Feb 17 -- Try for the best situation. Try to find an employer who will classify you as a Statutory Employee. Deductions go on schedule C and no... jackwehoca
Access to Admitted Markets
Posted: Fri Feb 17 -- I need to get access to admitted markets in Florida for GL, Inland Marine, etc. Any idea on how an independent agent can do this without... sunny

Reader Comments

Lawsuit Claims Oahu Pet Store Lopped Off Dog Ear, Cut Tail
Posted: Thu Feb 16 -- They tried to "reattach, glue or sew" the ear back on? Like no one is going to notice? If this were a movie comedy I'd laugh, but for real? Anejo
Oregon Jury Awards $25M In Smoker's Death
Posted: Tue Feb 21 -- Smokers know the danger of smoking. Awarding them millions of dollars is silly. I am a smoker and I KNOW the possibilities that go along... Sherry
Creator of Consumer Watchdog Attack Site Says More Attacks to Come
Posted: Fri Feb 17 -- So, 'tens of millions' of Californians can't afford their insurance? CA only has 37m people. So CW says more than half the population can't... Homer
Connecticut Seeks to Recapture Role as Insurance Capital
Posted: Tue Feb 21 -- If Hartford wants to be a capital of anything besides itself, it should stop rolling up the sidewalks at 5:30PM on the average Friday. City... reality bites
Obama Budget Bolsters Intellectual Property Enforcement
Posted: Sat Feb 18 -- arguing with a liberal is like trying to talk logic to a five year old. Okay, Other, when you spend more than you take in its called a... Sarah

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February 20, 2012

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