Tuesday, March 6, 2012

Daily Headlines: Tuesday, March 6, 2012

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Insurance Journal Daily Headlines
March 6, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

BP Gulf Oil Spill Settlement Includes Medical Claims Process

A settlement that BP is hammering out with victims of the massive Gulf oil spill finally provides a system for monitoring health concerns ...

Supreme Court Weighs If Firms Can Be Sued Over Human Rights Abuses Abroad

The U.S. Supreme Court said on Monday it would hear arguments next term on whether an 18th century U.S. law can be used to sue ...

Wealthy Americans Fear Costly Lawsuits

America's wealthiest families increasingly worry that their wealth alone makes them a prime target for a high-stakes liability lawsuit in ...

Protective Specialty Launches E&O Products for Insurance Agents

Protective Specialty Insurance Co. has launched a pair of new errors and omissions products for insurance agents. One product will cater to ...

From MyNewMarkets.com Online Commercial Lines Quoting Tool Launched

The launch of a real-time commercial lines rater that gives agents access to a handful of large carriers was announced today by a division...
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East

New Hampshire Bill Addresses Landowners’ Liability for Recreational Use

A lawsuit by a hunter seriously injured when a tree stand he was using collapsed has again prompted legislation to protect New Hampshire ...

FAA Seeks Fines Against Colgan Air Over New York Crash

Colgan Air failed to provide adequate rest breaks for crews on some flights within seven months of a 2009 crash near Buffalo, New York, ...

Abuse Suit Against Massachusetts Private School Setttled

An exclusive western Massachusetts private school has settled a lawsuit brought by a former student who said she was sexually assaulted by ...

Ironshore Names McDonough as New England Exec

Eugene F. McDonough has been appointed as New England regional executive and vice president of U.S. operations for Ironshore Inc. ...

N.Y. Workers’ Comp Board Moving to Electronic Claims Reporting

The New York State Workers' Compensation Board is transitioning from a paper to an electronic employer report of injury system. The board ...

$100,000 Settlement for Maryland Coal Miners’ Families

Two families will split $100,000 in a settlement of a wrongful death suit brought after two coal miners were killed in a high-wall ...
New from Academy of Insurance : Insolvency Exclusions in Errors and Omissions
Midwest

Norman-Spencer Rebranding Its P/C Insurance Products

The Norman-Spencer Agency, based in Dayton, Ohio, announced it is rebranding all of the agency's property and casualty products to market ...

Beazley Adds Lamberg to Private Enterprise Underwriting Team

Beazley Group has appointed Sarah Lamberg to the U.S. Private Enterprise underwriting team, strengthening its commitment to small ...

Nolde Named Chief Underwriting Officer at Founders Insurance

Thomas J. Nolde has joined the Founders Insurance Co. of Des Plaines, Ill., as chief underwriting officer, commercial lines. Nolde's ...

Insurance Claims from Recent Tornadoes May Top $1B

March came in like a very large and powerful lion, spawning severe weather across the Midwest, interior south and southeast United States. ...

Illinois Church That Gave Hurricane Aid in ’05, Now Gets Tornado Aid

Four pickup-and-trailer loads of goods brought over the weekend to tornado-stricken Harrisburg, Ill., are just a partial return for help ...
Southeast

Florida Surplus Lines Take-Out Bill Heading for Defeat

A bill that would allow surplus lines policies to directly assume policies from Florida's state-run property insurer is all but dead ...

More in West Virginia Accept Flood Property Buyouts

Another 33 property owners in a flood-prone Berkeley County, West Virginia community have agreed to government buyouts. The buyouts will ...
South Central

Louisiana Commissioner Warns Agent of Possible Insurance Scam

Agents in Louisiana should be aware of a potential insurance scam related to habitation risks, according to the state's top insurance ...

Polak Named Texas Windstorm Insurance Association General Manager

John Polak has been named general manager of the Texas Windstorm Insurance Association (TWIA) voted to name John Polak. Since April 2011, ...

Oklahoma's Donaldson Named Risk Management Professional of Year

Kristina Donaldson, commercial insurance account manager with Messer-Bowers Company, Enid, Okla., recently was named Risk Management ...
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West

Lava Flow Destroys Hawaii Neighborhood’s Last Home

Officials say a flow of lava has destroyed the last home in a sparsely populated neighborhood in Hawaii's Puna district, near Hilo. The ...

Risk Analysis Firm IHS Completes 3 Acquisitions For A Total Of $45M

Englewood, Colo.–based risk analysis company IHS Inc. has completed three acquisitions for a total of about $45 million. The buyouts ...

Back-to-Back Quakes Shake San Francisco Bay Area

Two small, back-to-back earthquakes shook San Francisco Bay area residents awake Monday morning but appeared to leave no serious damage or ...

Brown Named VP of Claims Management for PowerGuard in Southern California

PowerGuard Specialty Insurance Services named Hilton Brown as vice president of claims management. Brown has 22 years of experience, and ...

Golden Bear Opens First Office in Pacific Northwest

Stockton, Caif.-based Golden Bear Insurance Co. has opened its first office in the Pacific Northwest. The new office is in Edmonds, Wash. ...

Yates Taps Louie for Northern California Office

Dotson Louie has joined Tustin, Calif -based managing general agent Yates in its Walnut Creek, Calif. office. Louie spent the past 11 years ...
International

Bondholder Group Sees Over $131.8 Trillion Greek Default Risk

A disorderly Greek default would probably leave Italy and Spain needing outside help to stop contagion spreading and cause more than €1 ...

MAPFRE Group Licenses Risk Solution Products for Companies

MAPFRE Group's David O'Gorman, URS Managing Director-Spain/Portugal/Latin America, announced that the group has "licensed Risk ...

Markel International Acquires UK Managing Agent Quay Underwriting

Markel International announced from its London headquarters that it has acquired the portfolio of business of Quay Underwriting (QU), a ...

Best Affirms Endurance Specialty and Subs ‘A’ Ratings; Outlook Stable

A.M. Best Co. has affirmed the financial strength rating (FSR) of 'A' (Excellent) and issuer credit ratings (ICR) of "a" of ...

UPDATE: S&P Sees No Rating Change for Ariel Re from C&S Sale to Arch

Standard & Poor's Ratings Services has followed up on its analysis of its ratings for Bermuda-based Ariel Reinsurance Co. Ltd. ...
Workers Comp Training Pack from Academy of Insurance

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Should D&O Cover Bribery?

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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

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
Licensed vs non licensed CSR ( CA)
Posted: Mon Mar 5 -- You are absolutely right. Recently we were looking for a new CSr and I was surprised by the number of CSR resumes we were getting that did... JAM
ADA Violations
Posted: Mon Mar 5 -- I have a fast food client who was hit by 2 of these, in my opinion, serial litigists. Between the 2 individuals, they have filed 110 ADA... waves101
Farmers vs. Independent
Posted: Mon Mar 5 -- You might want to think about staying with Farmers and then look at joining something like CAPNet to gain access to a pretty extensive list... CRB
Should I accept Allied Appointment?
Posted: Mon Mar 5 -- Run! rodgwag
How have you Benefited from your Cluster Membership?
Posted: Sun Mar 4 -- Ditto Jam It is good to have choices- Farmers thru its DM had turned the agent contract into an employee position with none of the benefits... William Graham
Travelers Insurance in CA
Posted: Sun Mar 4 -- Not a big issue here yet but we mainly write package anyway. Just throw in a silver renters policy. JAM
CA Electrical Contractor BOP/GL
Posted: Sun Mar 4 -- Victory has a good admitted program. JAM

Reader Comments

Disabled Vet Gets $20k in Utah Service Dog Dispute
Posted: Wed Feb 29 -- From experience, most board members of an HOA and most managers either don't know the law or choose to ignore it. Good win. Anejo
Insurance Fight Shows Catholic-Evangelical Ties
Posted: Wed Feb 29 -- What I meant to say is that I am pro choice. I don't really see the difference in the two statements. Please help me clarify the... ijs
Three Mull Lawsuits in U.S. Against Murdoch's News Corp.
Posted: Mon Mar 5 -- Hyperbole! If it were CBS 60 minutes being sued for their multiple privacy infringements, would you see an article in the Insurance Journal?... Sarah
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
Oregon To Pay $1.5M In Torture Death Lawsuit
Posted: Fri Mar 2 -- While this death is both sickening and tragic, I find it disgusting the state is being sued. Perhaps, rather than commit crimes, to the... Mike N

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