Friday, March 30, 2012

Daily Headlines: Friday, March 30, 2012

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Insurance Journal Daily Headlines
March 30, 2012
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Today's Headlines

National

30% of Teen Drivers in Crashes Suffer Head Injuries: Study

Thirty percent of teens involved in serious car crashes suffer head injuries, including concussion, skull fractures and traumatic brain ...

MasterCard Reports Possible Security Breach

MasterCard Inc. is investigating a potential security breach related to a third-party vendor and has alerted banks and law enforcement ...

Judge Throws Out Investor Lawsuit Against Bank of America Over Mortgages

Bank of America Corp. on Thursday won dismissal of a lawsuit by investors who wanted the bank to buy back mortgage loans that underlie more ...

Judge Won’t Dismiss Massey Shareholder Suit Over Safety

A federal judge refused Wednesday to dismiss a lawsuit by former Massey Energy shareholders who say they were deliberately misled about the ...

BP Claims U.S. Hiding Evidence on Size of Gulf Oil Spill

BP Plc has accused the U.S. government of withholding evidence that may show the 2010 Gulf of Mexico oil spill was smaller than federal ...

FDA Steps Up Scrutiny of Metal Hip Implants

The U.S. Food and Drug Administration responded to mounting concerns about the safety of metal-on-metal hip implants, saying it would ...

Argo Group to Reorganize Argo Pro

Argo Group International Holdings, Ltd. will reorganize its U.S. professional lines businesses into a single platform under the Argo Pro ...

XL Insurance Operations Enhances ‘Side A’ D&O Coverage

XL Insurance has enhanced its broad form "Side A" D&O Coverage on an excess difference in conditions basis. It provides an additional ...

From MyNewMarkets.com Four Steps to Improving Your Agency's Ranking on Search Engines

According to the Consumer Agent Portal, at least 75 percent of consumers head for the Internet first when searching for insurance. Let's say...
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East

Nike Wins Court Order Halting Sale of Tebow Apparel by Reebok

Nike Inc. has won a court order blocking rival Reebok International Ltd. from selling New York Jets apparel bearing the name of the popular ...

N.Y.-based Gill & Roeser Bought Out by Two Executives

Two senior Gill & Roeser executives acquired reinsurance intermediary Gill & Roeser Inc. and Gill & Roeser Holdings Inc., a registered ...

N.J.-based Broker Bollinger Acquires Creative Agency Group

Short Hills, N.J.-based insurance broker Bollinger acquired Creative Agency Group in Holmdel, N.J. Creative Agency Group specializes in ...

Motorcycle Safety Campaign Under Way in Delaware

State officials have launched public awareness campaign about motorcycle safety. The Respect Your Ride campaign includes traffic law ...

Mass.-based Insurance Analytics Firm Enservio Appoints President

Enservio, a Needham, Mass.-based provider of property insurance analytics, affinity marketing, contents software and claims solutions, ...

Aftershocks From 2011 Quake Continue in Virginia

Virginia continues to experience aftershocks from last summer's earthquake. The U.S. Geological Survey says a 3.1-magnitude aftershock ...
Midwest

Souris River Flood Damage Pegged at Nearly $700M

Souris River flooding last summer caused more than $690 million in damage in the northern North Dakota counties of Ward and McHenry. The ...

Missouri Workers’ Comp Insurer To Pay $2M Dividend

Missouri Employers Mutual Insurance Co. says it will pay more than $2 million in dividends this spring to more than 11,000 policyholders. ...

Missouri Senator Seeks Insurance For Inspection Shops

Vehicle inspection stations in Missouri would have to carry insurance to cover vehicle damage done by employees, under legislation moving ...

Settlement Reached In Missouri LGBT Web-Filtering Case

The American Civil Liberties Union has settled a lawsuit with a central Missouri school district whose Internet filtering software was ...

Michigan Lawmakers Again OK Motorcycle Helmet Repeal

Michigan lawmakers are making another attempt at repealing a state law that requires motorcyclists to wear helmets. The state Senate gave ...

Judge: U. Of Iowa Must Keep Paying Suspended Whistleblower Doc

A judge has ordered the University of Iowa to pay a suspended radiology professor who hasn't worked for 14 months while he continues his ...

Wolf Creek in Kansas Resumes Power Production

The Wolf Creek nuclear power plant in eastern Kansas has resumed producing electricity. Kansas Public Radio reports the plant was brought ...

3 Indiana Cities Receive Grants For Lead Removal

The cities of South Bend, Elkhart and Fort Wayne each have been awarded grants worth $2.3 million to clean up lead from at-risk homes, ...

Arizona Homebuilder Hit With Stiff Damage Award

Several hundred Sun City Grand homeowners in Surprise have been awarded nearly $14 million in one of the largest construction-defect cases ...
Southeast

Bill Would Allow Exceptions to South Carolina Liability Cap

Legislation inspired by the fatal crash of a Spartanburg park train ride last year would allow local governments in South Carolina to ...

Ex-Mine Chief Pleads Guilty in West Virginia Blast

The former superintendent of the West Virginia mine where 29 workers died in a 2010 explosion pleaded guilty on Thursday to a federal ...

Mom Sues Florida Hospital for Cutting Off Baby’s Finger

A young mother is suing a central Florida hospital after a nurse accidentally snipped off the end of her baby's pinky finger. An attorney ...

Regulators Say West Virginia Mines Warned of Inspectors

Three times in a month, regulators have caught West Virginia coal companies illegally warning miners that federal inspectors were onsite. ...
South Central

Wind and Hail Impacted Abilene and North Texas the Most in 2011

Allstate Wind and Hail Claims Jump 45% Statewide Last Year Hail and wind impacted more Allstate insured homes in the Abilene area and North ...

Southwestern Insurance Info. Service Names Communications Coordinator

Southwestern Insurance Information Service (SIIS) has named Monica Vigil-McDonald as its new communications coordinator. Vigil-McDonald ...

Arkansas Clarifies Definition of Small Employer for Healthcare Issues

Arkansas has clarified that it will retain the current statutory definition of a small employer as being one that retains 2 to 50 employees ...

Dallas Fire Captain,Tarrant County Prosecutor Honored

Two men whose work has led to the arrests and convictions of dozens of arsonists in the Dallas Fort Worth area have been honored in award ...

Louisiana Congressman Objects to Shifting Recovery Money to Dome

A New Orleans U.S. representative from the New Orleans area has objected to Louisiana Gov. Bobby Jindal administration's plan to redirect ...
West

Alert Level Raised For Remote Alaska Volcano

The alert level for a remote Alaska volcano has been raised again after scientists found another lava dome has formed in the crater in the ...

Settlement Reached In Web Libel Lawsuit

A Longmont, Colo. woman has taken down several critical web postings to settle a libel lawsuit. The lawsuit was filed by recycOil, a grease ...

Some Progress Made On Colorado Wildfire

Firefighters are making progress on a wildfire in Colorado that has now consumed an estimated 4,140 acres, destroyed 27 structures and ...

Field and Ross Retire from CompWest

CompWest Insurance Co. COO and co-founder Ron Field, and Lynn Ross, vice president of marketing and business development, are retiring from ...

Hawaii Governor Declares Disaster After Rain, Flooding

Hawaii's governor declared a disaster for two islands on Tuesday after three days of relentless rains caused flooding and a sewage spill on ...

Portland Sues Former Insurance Company Over Claims

Portland is suing a former insurance carrier for $1.5 million in legal defense costs for claims involving nine employees. The city says the ...
International

Total Considers Options to Extinguish North Sea Gas Flare

France's Total is laying plans, including a helicopter water drop, fire-fighting vessels and spraying nitrogen, to extinguish a flare on ...

IBM’s Algorithmics, Insurers Analyze Solvency II Compliance Preparation

Despite delays and complaints the European Union's Solvency II regulations, which cover the insurance industry, are slowly but surely ...

MAPFRE ASISTENCIA Launches Subsidiary in Malta

MAPFRE ASISTENCIA, a subsidiary company of Spain's MAPFRE Group, and MIDDLESEA INSURANCE MIDDLESEA ASSIST, have formed a joint venture to ...

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Claims Rising for Private Company, Non-Profit D&O Coverage

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New Discussions in the Forums

Start up Agency Advice
Posted: Fri Mar 30 -- a company rep is going to not like cluster because any rating tool makes their company stay on their toes with rates to keep getting new... mattnewtonberger
Native American Reservation and casino
Posted: Thu Mar 29 -- And bright ideas where to place a small reservation with a small casino. I heard some branch of Zurich might handle it as a "Soverign... Webfoot
EOI Request for Refi
Posted: Thu Mar 29 -- Dysfunctional...yup, that's the word. It's like "hurry up and wait". Well in our office, we won't make a mortgagee change without the... Island Girl Agent
AZ Home "Flipper" Insurance Coverage Needed
Posted: Thu Mar 29 -- We have a product, and although it is not admitted in Arizona, it does provide the limits of liability you need as well as coverage if the... PAL_Ins
1 or 2 Dwellings? - CA
Posted: Wed Mar 28 -- Part One: We recently aquired a book of business (including the bad stuff, part of the deal) in Oakland, California. One of the risks has... TiredAgent
CIBA Insurance purchasing group...Help
Posted: Wed Mar 28 -- These programs are not for novice buyers, but can make a lot of sense for larger accounts with buyers that understand the shared limit... dale
Meals on wheels - insured with Farmers currently
Posted: Tue Mar 27 -- Meytai, I wanted to let you know that if you have the client go to ANY Farmers agent they can get the loss runs for them. Any Farmers agent... Eagleeye

Reader Comments

Supreme Court Begins Healthcare Law Debate
Posted: Mon Mar 26 -- Let the games begin. Whatever side you are on, this will be an historic event. A reminder that while our system is still not perfect, it is... original bob
Facebook, Lawmakers Warn Employers Not to Demand Passwords
Posted: Mon Mar 26 -- I would love a list of the companies that are asking for facebook passwords. As a consumer, I might choose not to buy their products or... NotOpinionated
N.Y. Court to Unemployed Law School Grads: Buyer Beware
Posted: Tue Mar 27 -- Delusional ! How are they different than any other post graduate in this economy? What is the legal world coming too? dreamer
Hawaii Reaches $15.4M Settlement In Hikers' Deaths
Posted: Fri Mar 23 -- "...many hikers think that people should be allowed to take their chances. They feel that warning sign and other state measures are merely... Ins Guy
Supreme Court Hears More Healthcare Law Arguments
Posted: Wed Mar 28 -- Why is the supreme court talking politics? If the conservatives stick together it could be brought down, but if any go with the liberals,... Baxtor

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Hot New Markets; High Risk Property; Corporate Profiles; 2011 Mergers & Acquisitions Summary Report
March 19, 2012

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