Wednesday, February 8, 2012

Daily Headlines: Wednesday, February 8, 2012

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Insurance Journal Daily Headlines
February 8, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Moody’s Changes Debt Ratings of Insurance Brokers & Service Cos.

Moody's Investors Service has changed various debt ratings of insurance brokers and service companies based on the application of its loss ...

Marsh and Allied World Launch Coverage for Corporate Officers

Marsh and Allied World Assurance Co. have rolled out a new product to cover the costs associated with Responsible Corporate Officer (RCO) ...

Insential and American Safety Introduce Hospitality Program

Insential and American Safety Insurance have joined to offer a comprehensive management liability program for the hospitality industry. The ...

American Specialty Introduces Workers' Compensation Program

American Specialty Insurance & Risk Services has launched a workers' compensation program that provides guaranteed cost coverage for ...

Daredevil CEOs May Put Companies at Risk

The death of Micron Technology Inc. Chief Executive Steve Appleton in the crash of an experimental plane is raising fresh questions about ...

AIG Reviewing Succession as Chairman Takes New Job

Bailed-out insurer American International Group will review its succession plans after its chairman accepted a job as the chief executive ...

Best Upgrades Fremont Ratings; Affirms Auto Club Group, P/C Members

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

The Hartford Reports $127M Q4 Profit, Down 79% From One Year Ago

Hartford Financial Services Group reported $127 million for its 2011 fourth-quarter net income, down 79 percent from one year ago when the ...

Insential Unveils Home Value and Involuntary Unemployment Protection

Insential Inc. has created a program designed for owners of newly built homes and condos. The program, called HOME VALUE PLUS+, will ...

From MyNewMarkets.com Insurance Availability for Obesity Surgeons Could Thin

One of the riskiest medical procedures is bariatric surgery, which is designed to help very obese people lose weight. Insuring these...
East

Report: Active 4Q Pushes 2011 Issuance Volume Over $4 Billion

It was a traditionally active fourth quarter for cat bond issuance stayed in 2011, according to the Insurance-Linked Securities Market ...

First ‘Epic’ Vermont Flood Brought Change; Will Irene?

Twice in less than a century, Waterbury's 1827 Congregational Church, at the crest of a small rise on Main Street, has played a critical ...

NYC Judge Throws Out Beer Pong Lawsuit

A judge has thrown out a New Jersey man's lawsuit against a Greenwich Village pub over injuries he suffered following a beer pong game. The ...

Vt. Fire Chief: Chimney Fires on the Rise Because of Warmer Weather

A Vermont fire chief says there's been an increase in chimney fires because of the warmer weather. Townshend Fire Chief Doug Winot says two ...

OSHA Investigates Virginia School After Lead Found

Federal safety regulators are investigating a Roanoke school following the detection of lead in some paint chips. Roanoke City Public ...
New from Academy of Insurance: Builders Risk / Contractors Equipment
Midwest

FEMA: Fewer than 500 Temporary Housing Units in Joplin, Missouri

On February 6, 2012, households residing in Federal Emergency Management Agency mobile homes in Joplin, Mo., dropped below 500, recovery ...

ISU Network Adds Two Midwest Agencies

San Francisco-based ISU Network announced that two new independent insurance agencies in the Midwest have joined the agency group. ISU ...

SIAA Signs 10 New Agencies in the Midwest

The Strategic Insurance Agency Alliance (SIAA) announced it added 10 independent insurance agencies in the Midwest in January. SIAA's ...
Southeast

Mississippi College Appeals Workplace Retaliation Award

A federal appeals court has scheduled arguments on Hinds Community College's appeal of a workplace retaliation case. In 2010, the school ...

Kentucky Says It’s Better Prepared to Handle Disaster

It's been three years since an ice storm paralyzed the western Kentucky region and emergency service coordinators say they're better ...
New from Academy of Insurance: Secrets of Condos Property / Liability
South Central

Arthur J. Gallagher Acquires Louisiana's Detlefs Johnson & Partners

Insurance brokerage and risk management services firm Arthur J. Gallagher & Co. has acquired of Detlefs Johnson & Partners located ...

Oklahoma Commissioner Backs Bill to Use Premium Tax Funds for Firefighters

Oklahoma Insurance Commissioner John D. Doak announced his support for using insurance premium taxes to bolster the pension funds of the ...

Louisiana AG Recovers $25.2M from Drug Companies Charged with Fraud

Louisiana Attorney General Buddy Caldwell announced that his office has recovered $25.2 million from five pharmaceutical companies that he ...
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

Colorado Lawmakers Review Spaceflight Liability

Colorado lawmakers are trying to promote the space industry by limiting liability for companies that carry passengers. State Sen. Mary ...

$1.5M New West Deal Before Montana Insurance Commissioner

State regulators are examining a $1.5 million proposal by an Oregon insurer to take over a portion of Montana's third-largest health ...

US House Oks Bill For Tribe's Move Out Of Tsunami Zone

The U.S. House approved a bill Monday that will allow the Quileute tribe to move its school and other buildings out of a tsunami zone on ...

California Independent Contractor Law May Be Liability for Agents, Brokers

A new California labor law designed to punish employers for misclassifying workers has broad legal language that can possibly impact ...
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International

TomTom Sees Potential in Europe’s Auto Insurance Market; Motaquote Signs On

TomTom satnavs will in future help insurers tell the difference between a good driver and a bad one under a scheme designed to revive the ...

Report: AXA, ACE Are Final Two Contestants for HSBC Insurance Arm

France's AXA Group and ACE Limited are the final two suitors in the hunt to buy HSBC's $1 billion general insurance business, people ...

Xchanging Unveils Modernization Technology Initiative for London Market

Global business processor Xchanging has unveiled its vision for the Lloyd's and London market in a presentation to 120 senior market ...

Willis UK N2 Broker Network Adds 10 New Members

Willis Group Holdings announced that ten new members have joined its network, Willis N2 - an alliance with local, independent insurance ...

Baucher Joins Argo’s Paris Team to Manage Casualty & Financial Lines

Argo Group International Holdings announced that Valerie Baucher has joined Argo Assurances, the Argo Group's Paris-based underwriting ...

Ratings Roundup: La Colonial, InterGlobal

A.M. Best Co. has affirmed the financial strength rating of 'B++' (Good) and issuer credit rating of "bbb+" of the Dominican Republic's ...
Sponsored Content

Upcoming ReSource Pro Webinar Delivers Insights on Insurance Process Improvement

New York, NY, 2/8/12 - ReSource Pro LLC, the premier provider of business processing solutions for the insurance industry, announced today ...

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Insurance Journal TV

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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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How Insurance Distribution Is Changing

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

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New Discussions in the Forums

Should we add life and health insurance to our agency?
Posted: Mon Feb 6 -- It will still depend on your area. But since life and health insurance products are very popular particularly in middle and lower class... chizcurlz
Farmers vs. Independent
Posted: Mon Feb 6 -- Though it is hard to establish your own insurance agency, it more easier to get more money and to build clients as well. chizcurlz

Reader Comments

Talk of 'Tornado Tourism' Stirs Anger in Joplin, Missouri
Posted: Thu Feb 2 -- People go to the site of the twin towers, to Pearl Harbor, to Gettysburg, the Alamo etc. So Joplin is somehow more sacred? Tourism that is... bob
Pfizer Recalls 1M Birth Control Packs After Mixup
Posted: Thu Feb 2 -- I can see it now - wrongful birth suits. Lauren CIC ARM
Chubb Sues Actress Marisa Tomei Over $129K Damage in NYC Apartment
Posted: Mon Feb 6 -- Marisa Tomei is quite possibly the hottest woman ever to walk the face of the Earth. She should be able to damage whatever she wants... Hillsborough agent
Judge Allows South Carolina Company's Twitter Lawsuit Against Employee
Posted: Thu Feb 2 -- Yeah what basically happens is the companies dont see the value in social networking until one of the sales reps uses it successfully on... FLagent/insured
Federal Insurance Office Says Overdue Regulation Report Still Weeks Away
Posted: Thu Feb 2 -- We, as agents will really appreciate Turbo Tax Tim in charge of regulation of the Insurance Industry. Just what we need, more bureaucracy to... Agent

Current Issue

Current Issue
Main Street America: Insuring America's Small Businesses & Their Owners; Errors & Omissions; Nonprofits, Social Services & Public Entities
February 6, 2012

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