Thursday, March 29, 2012

Daily Headlines: Thursday, March 29, 2012

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Insurance Journal Daily Headlines
March 29, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Insurance Claims Firm Cunningham Lindsey Put Up for Sale

Cunningham Lindsey, an insurance claims management company controlled by buyout firm Stone Point Capital LLC, is up for sale and could ...

Nix the Tape on Home Windows, Say Hurricane Officials

Officials with the National Hurricane Center had a message this week for residents living in hurricane-prone areas: Don't tape your ...

Hospital Pay Incentives Not Improving Patient Outcomes: Study

A program to pay hospitals bonuses for hitting key performance measures, or dock them if they miss, failed to improve the health outcomes ...

Supreme Court Limits Pilot’s Damages in HIV Privacy Claim vs. Government

The U.S. Supreme Court ruled on Wednesday that a pilot from San Francisco, whose status as HIV-infected was disclosed by one federal agency ...

Look Out Gecko and Flo, ‘Mayhem’ Man, QB and Professor Are Gaining On You!

The gecko, caveman and sales clerk Flo might want to check their retirement plans. Their brands are getting overshadowed by competition ...

Liberty Mutual Acquires KIT Finance, Enters Russian Auto Insurance Market

Liberty Mutual, one of the largest insurance companies in the world, said it would enter the Russian market with a deal to acquire KIT ...

Ratings Roundup: Michigan Professional, Bancinsure, Maiden NA

A.M. Best Co. has upgraded the issuer credit rating to "bbb+" from "bbb" and affirmed the financial strength rating of 'B++' (Good) ...

Willis Announces Accountable Care Organization Insurance Liability Policy

Willis has introduced the Accountable Care Organization Liability insurance policy to address the health care industry's move to adapt ...

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

‘Tebow-Mania’ Kicks Off Nike Damages Claim Against Reebok

Nike Inc. is accusing Reebok of trying to score an illegal Tim Tebow marketing touchdown. Nike sued its rival in U.S. District Court, ...

Va. Police: Social-Media Policy is Part of ‘Virtual Character Check’

Recent reports that some employers are asking job applicants for access to their social networks during the hiring process have raised ...

Virginia AG Cuccinelli Upbeat After Health Care Hearing

Virginia's attorney general was in an upbeat mood Tuesday after listening to the U.S. Supreme Court's arguments on the key provision in ...

Massachusetts Health Care 5-Year Lobbying Topped $51M

Hospitals, insurers, doctors and unions are spending tens of millions of dollars trying to make sure their voices are heard on Beacon Hill ...
Insurance Journal Magazine: The Hot Markets Issue
Midwest

Lawsuit Filed In Michigan In Fatal September Helicopter Crash

The estate and family of a man who died in a northern lower Michigan helicopter crash in September claims in a lawsuit that negligence ...

Iowa Pension Fund Sues Audit Firm Over Fraud Loss

The Iowa Public Employees' Retirement System has sued a New York-based auditing firm, alleging that the company failed to detect a theft ...

Governors To Tour Nebraska Plant Where ‘Pink Slime’ Is Made

The leaders of at least four states plan a visit to the only place where a beef product known as "pink slime'' is still made, an effort ...

Cedar Rapids Oks Flood Demolition Contract

The city of Cedar Rapids has awarded a nearly $539,000 to continue demolition of flood-damaged residential and commercial structures. The ...

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 ...
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Southeast

Alabama Insurance Commission Backs Catastrophe Savings Accounts

A commission put together by Gov. Robert Bentley has made its first recommendations about the availability and affordability of homeowners' ...

Amish Buggy Safety Bill Wins Final Passage in Kentucky

Kentucky's General Assembly has given final passage to legislation that would exempt the Amish from a longstanding requirement that they ...

Southeast Non-Standard Auto Insurer Peachtree Acquired by California Firm

A Florida domiciled auto insurer that provides coverage to 18,000 drivers in the state and Georgia has been acquired by California equity ...
South Central

2 Texas Firefighters Among 3 Accused Of Arson

Two volunteer firefighters in South Texas and another man have been accused of starting a 2011 grass fire. Officials say 23-year-old Dustin ...

Judge Approves $158M Drug Settlement in Texas Lawsuit

A Texas judge has finalized a $158 million settlement between Texas and a subsidiary of health care giant Johnson & Johnson in a ...
West

Chubb’s Petrosino Joins IICF National Board of Governors

The Insurance Industry Charitable Foundation named Gary C. Petrosino, executive vice president of Chubb & Son and western U.S. ...

Alaskan Village Declares Disaster After Wind Storm

The northwest Alaska village of Kivalina has declared a disaster after a wind storm swept snow into huge piles. City administrator Janet ...

New Mexico Governor Urges Wildfire Prevention

Gov. Susana Martinez says conditions are in place for another difficult fire season in New Mexico. The governor kicked off Wildfire ...

Oregon Company Sues Columbia Sportswear

A Eugene, Ore., company has sued Columbia Sportswear, accusing the larger company of stealing Innovative Sports' technology and using it to ...

Colorado Blaze Still At 0 Percent Containment

A blaze that may have been sparked by a prescribed burn conducted by the Colorado State Forest Service and ignited by high winds on Monday ...

Idaho Governor Signs Electronic Proof of Coverage Law

Idaho became the first state in the nation on Wednesday to enact legislation to allow motorists to use a smart phone to demonstrate proof ...
International

Plan Now for Climate-related Disasters Warns U.N. Report

A future on Earth of more extreme weather and rising seas will require better planning for natural disasters to save lives and limit ...

Lloyd’s CEO Ward on 2011 Loss: ‘Not a Bad Result’

At first glance that statement may seem a little strange, considering that Lloyd's reported an overall loss for the year of £516 million ...

Iran Oil Costs to Surge with EU Ship Insurance Ban

A widely expected ban on European insurance cover for Iranian oil exports from July 1 is threatening to curtail shipments and raise costs ...

10.36% Stake in MAPFRE AMERICA Sold for $324 Million

Banco Financiero y de Ahorros (BFA) has sold its 10.36 percent stake in MAPFRE AMÉRICA for a consideration of € 244 million [$324 ...

Ratings Recap: Saturn, CCR, Arch (Pref. Shares)

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

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

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Should D&O Cover Bribery?

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New Discussions in the Forums

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
EOI Request for Refi
Posted: Wed Mar 28 -- I've received several requests recently from the "stagecoach" bank for evidence of insurance with a closing date of March 15th. Insured... TiredAgent
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
Lessor Risk liability vs tenant liability
Posted: Fri Mar 23 -- Do your carriers require tenant liability for 'lessor's risk' policies? if so, this would be set forth in the underwriting guidelines and/or... darnovak

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
Family of Los Angeles Gang Member Awarded $3M In Lawsuit
Posted: Thu Mar 22 -- I hope the city appeals this all the way to the Supreme Court. That way, at least this lowlife family (who surely knew, yet did nothing... Mike N
6 Ways Supreme Court Could Rule on Healthcare Law
Posted: Thu Mar 22 -- The responses are nothing more than editorial comments. They are neither valid or substantiated. They are, however, clearly biased. reader
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

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

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