Friday, March 9, 2012

Daily Headlines: Friday, March 9, 2012

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Insurance Journal Daily Headlines
March 9, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Kitchen Appliances Rank No. 1 in Product Safety Complaints

From dishwashers that spark and flame to ovens that turn on spontaneously, kitchen appliances are the top source of complaints in the ...

Toyota Recalling Some Tacomas, Camrys And Venzas

Torrance, Calif.-based Toyota Motor Sales USA Inc. said Wednesday that it's recalling nearly 700,000 vehicles because of various problems. ...

ACE Expands Public Entity Product

ACE USA has introduced an enhanced public entity liability policy that combines public officials liability and employment practices ...

BP Settlement Relieves Feinberg of Duties; New Claims Process to Start

The man who has paid out billions of dollars to victims of the massive 2010 Gulf of Mexico oil spill has been formally relieved of his ...

Lawyers in Gulf Oil Spill Settlement Prepare for Fight Over Fees

The estimated $7.8 billion settlement reached last week between BP Plc and attorneys for victims of the Gulf of Mexico oil spill left many ...

La Nina to Fade But South Should Expect Dry Conditions

The La Nina weather pattern blamed for a devastating drought in Texas and a bad dry spell in South America should be gone by the end of ...

From MyNewMarkets.com Japan Earthquake Anniversary a Reminder of Need for Supply Chain Coverage

The devastating earthquake and tsunami that hit Japan on March 11, 2011, caused massive supply chain disruptions, exposing the complexity...
Workers Comp Training Pack from Academy of Insurance
East

Federal Flood Aid to Pennsylvania Passes $550M Mark

Federal aid to victims of the historic flooding that struck eastern Pennsylvania last year has topped the half-billion-dollar mark. In an ...

Celebrity Chef Batali Settles Lawsuit for $5M

Celebrity chef Mario Batali and his business partner have agreed to pay $5.25 million to settle a lawsuit that alleged they confiscated a ...

N.Y. Report Identifies Region’s Most Dangerous Roads for Pedestrians

The Tri-State Transportation Campaign, a policy watchdog group based in New York, released its annual report listing the region's most ...

Maine-based Great Falls Insurance Appoints Business Director

Great Falls Insurance Company, a workers' compensation insurer based in Auburn, Me., appointed industry veteran Keith Smaldon as director ...

Connecticut Urges Other States to Sue Credit Rating Agencies

Connecticut officials are encouraging other states to consider suing credit-rating agencies that gave high grades to risky mortgage-backed ...
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Midwest

Captives Bring Premium Dollars and Jobs to Missouri

When it comes to the captive insurance industry, slow and steady growth is just fine with the state of Missouri. But it's not like the ...

Workers’ Compensation Bill Sent to Missouri Governor

Lawmakers gave final approval on March 7 to legislation that would expand the type of ailments covered by the state workers' compensation ...

Nebraska Medical Liability Insurer Adds Staff, Announces Promotions

Preferred Professional Insurance Company (PPIC), an Omaha, Neb.-based Catholic-owned medical liability insurance firm, has hired Patti ...

Greensburg, Kansas, About Half Way Through Master Plan for Recovery

The only thing more amazing than seeing a row of space-agey buildings rising from western Kansas plains is the fact that there's anything ...
Southeast

1 of 3 High-Profile Negligence Claims Bills Reaches Florida Gov. Scott’s Desk

Aaron Edwards squirmed in delight on his mother's lap in the Florida Senate gallery Wednesday as the chamber passed a bill to compensate ...

Judge Denies Claim Mississippi DUI Law Is Unconstitutional

Harrison County Circuit Judge Larry Bourgeois has declined to throw out the indictment in a DUI death case and dismissed a defense ...

Florida Gov. Scott, Insurance Chief McCarty Oppose Senate PIP Bill

Florida Gov. Rick Scott has blasted a Senate bill to reform the state's personal injury protection (PIP) auto insurance system claiming the ...

Florida House, Senate Differ on PIP Reform; Special Session Possible

The Florida Senate has rewritten the House's bill aimed at reforming the state's no-fault auto law, adding numerous provisions that are ...
THURSDAY: Workers Comp Training: Adding Additional States from Academy of Insurance -- instructed by author and expert Chris Boggs -- Register Today to save your spot
South Central

Property Owners Urged to Claim Louisiana Citizens Assessment Rebate

State officials in Louisiana are calling on property owners to claim their assessment rebate charged on their insurance policies. Following ...

Oklahoma Supreme Court Overturns $10M Tyson Verdict

The Oklahoma Supreme Court has tossed a $10 million jury verdict against Tyson Foods Inc., granting the company's request for a new trial ...

Arthur J. Gallagher Acquires Dallas-Based Wischmeyer Benefit Partners

Arthur J. Gallagher & Co. has acquired Wischmeyer Benefit Partners in Dallas, Texas. Terms of the transaction were not disclosed. ...
West

Arrowhead Names McIntosh AVP of Workers Compensation in Northern California

San Diego, Calif.-based Arrowhead Wholesale Insurance Services named Tony McIntosh assistant vice president of its worker's compensation ...

Wyoming House Sends Workplace Safety Bill To Governor

A proposal aimed at increasing workplace safety in Wyoming through voluntary inspections is on its way to Gov. Matt Mead. The Wyoming ...

Insurance Company Asks: Do Powell Siblings Get Money?

A life insurance company has asked a judge to decide whether any of Josh Powell's relatives are entitled to collect on a $1.5 million ...

Farmers Names Pratt Head of Distribution for California

Larry Pratt, Farmers Insurance vice president of sales, was appointed as head of distribution for California for Los Angeles-based ...

Medical Malpractice Rates Lowered For Three Companies in California

Rates have been lower for medical malpractice insurance offered by NORCAL Mutual Insurance, The Dentists Insurance Company, and the Medical ...

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 ...
International

Greece Averts Immediate Default with Bond Swap Deal Success

Greece averted the immediate risk of an uncontrolled default, winning strong acceptance from its private creditors for a bond swap deal ...

Geneva Ass’n. Report: 2011 an ‘Annus Horribilis’ for Insurance Industry

The latest report from the Geneva Association , No. 5 in the current series - Extreme events and insurance: 2011 annus horribilis -, ...

IAG to Restructure CGU Operations; 600 Jobs to Go

Insurance Australia Group Limited (IAG) announced that it is restructuring its "operating model" for its Australia Intermediated business, ...

UK Broker BMS Launches New Global Construction Initiative

Independent global broker BMS Group announced that it has launched a new global construction initiative, to be headed by Gavin Madell, who ...

UK Gov’t. Minister Lauds Wills Tech Product; Stresses Innovation Importance

In a rapidly changing world, new innovations that keep global companies competitive are an extremely important resource – none more so ...

Armour Group Forms Specialty Securities Unit

The Bermuda-based Armour Group announced the formation of a new ILS [Insurance Linked Strategies- more commonly 'securities'] focused asset ...

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Should D&O Cover Bribery?

Director and officers liability coverage is increasingly being called up to respond to cases...
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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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New Discussions in the Forums

Pet Cremation
Posted: Fri Mar 9 -- Not all insurance carriers that offer pet insurance includes cremation in their services. So before purchasing a pet insurance, you must... robmejia
ADA Violations
Posted: Fri Mar 9 -- This did not come up as a claim. It came up when a client called and asked about coverage. He leases his office space in a building with no... GRCinCA
Work Comp (CA) - Code 9053-2 Health/Fitness Club w/Ch.11 BK
Posted: Tue Mar 6 -- Hello, Does anyone have a market for a gym. Payroll 860,000 class code 90653-2 with Ch.11 BK. No coverage in place since October 2011. Non... InsureTime
How do you ask for a referral?
Posted: Tue Mar 6 -- thanks Sacman for letter I am using something similar as a letter but your is better so I am tweaking mine William Graham
Producer Compensation-Florida
Posted: Tue Mar 6 -- Follow up question is, How do agents compensate their producers on renewal? I own a small agency and has a very good relationship with my... saabins

Reader Comments

New York's Cardinal Urges 'Freedom of Religion Battle'
Posted: Mon Mar 5 -- 28 states already have this requirement. Why the fuss now? Because it's related to health care reform. ComradeAnon
Immigrant Files $1M Claim Against Arizona Sheriff
Posted: Wed Mar 7 -- Per other news sources, the lover was legally here, but on a tourist visa, which means he couldn't legally work on the campaign. Hell hath... Anejo
Insurance Exec Pleads Guilty in Wisconsin to Intoxicated Flying
Posted: Wed Mar 7 -- Help me out here legal people. If he never flew a plane wouldn't a guilty plea be perjury? Anejo
Wealthy Americans Fear Costly Lawsuits
Posted: Tue Mar 6 -- It is a race...Who gets the money first...Obama or the blood sucking ambulance chasers. Of Course
Driving on 'High'-way: Many Teen Drivers Admit Having Driven After Pot
Posted: Fri Mar 2 -- In a related survey, 52% of teens surveyed admitted to taking surveys under the influence of marijuana. Cheetoh Mulligan

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March 5, 2012

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