Wednesday, March 28, 2012

Daily Headlines: Wednesday, March 28, 2012

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Insurance Journal Daily Headlines
March 28, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Supreme Court Hears More Healthcare Law Arguments

The fate of President Barack Obama's healthcare overhaul will be on the line on Wednesday when the U.S. Supreme Court considers whether the ...

Young Agents: What Are YOU Thinking? Exclusive Survey

Young property/casualty insurance agents and brokers across the U.S. are being called upon to answer some questions … and have some fun. ...

PPIB Launches Network Security Program for Retail, Healthcare Segments

Professional Program Insurance Brokerage (PPIB) of Novato, CA has launched a new network security program targeted at the retail and ...

National Ethics Association Expands E&O Program for Low-Risk P&C Agents

A new program sponsored by the National Ethics Association provides low-cost E&O insurance to property & casualty insurance agents ...

FEMA Director: Private Sector Needs 'Seat at the Table' in Disaster Response

The private sector should be engaged early and often in preparing for and responding to natural disasters like hurricanes, the top U.S. ...

How AIG Will - or Won’t - Generate a Bailout Profit for Taxpayers

CEO Bob Benmosche says U.S. taxpayers will earn up to $10 billion on the $182 billion rescue of American International Group, the insurance ...

Hartford’s Money-Losing Brokerage Unit Expected to Attract Bids

Hartford Financial Services Group's independent brokerage unit Woodbury Financial Services hasn't posted a profit for at least five years, ...

Glatfelter Public Practice Adds Cyber Liability Coverage

Glatfelter Public Practice has introduced cyber liability & privacy crisis management expense coverage for municipalities and water ...

From MyNewMarkets.com FastComp.com Adds Workers' Compensation Coverage in Ten States

Ten new states now have access to workers' compensation coverage from FastComp.com. The states are Kansas, Michigan, Minnesota, Montana,...
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East

AG Coakley Says High Court Case Would Not Affect Massachusetts Law

Attorney General Martha Coakley says the requirement that Massachusetts residents purchase health insurance is unlikely to be altered by ...

Maryland House, Senate Pass Health Exchange Bill

The Maryland General Assembly has passed a measure to create a framework for a health insurance marketplace to provide coverage to the ...

Virginia Insurance Fraud Arrests Going Up

The Virginia State Police insurance fraud program just released their 2011 annual report, which shows the number of arrests for insurance ...

Conn.-based Research Firm MKM Partners Hires Insurance Analyst

MKM Partners, a research firm, appointed industry veteran Harry Fong as executive director in its equity research department to cover ...

N.Y. Law Firm Sutherland Expands Insurance Practice Group

Sutherland Asbill & Brennan, a New York-headquartered law firm, said it hired six attorneys specializing in insurance regulatory, tax and ...
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Midwest

Ratings of Minnesota's Austin Mutual Insurance Downgraded

A.M. Best Co. has downgraded the financial strength rating to B (Fair) from B++ (Good) and issuer credit rating to "bb" from "bbb" ...

Home Value Protection Insurance Comes to Indiana

Home Value Protection is now available in Indiana. With a Home Value Protection policy, homeowners can insure the market value of their ...

Feds Probe Defect in Buses Manufactured by Illinois Firm

Federal safety regulators have begun investigating buses made by Motor Coach Industries Inc. over the past 20 years because the drive ...
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South Central

Oilfield Cleanup a Big-Money Dispute in Louisiana

A behind-the-scenes firestorm in Louisiana's legislative session centers on a big-money, years-long dispute between landowners and the ...

Study: Agriculture Worth $10.7B in Louisiana

The LSU AgCenter says agriculture was worth $10.7 billion to Louisiana's economy last year. AgCenter economist John Westra says the 7 ...
West

Battle Over Building In Puget Sound Flood Plains

A federal judge is hearing arguments over whether to stop the federal government from issuing flood insurance policies for new development ...

Arbitron To Pay $400,000 In Lawsuit Over Ratings

Radio audience ratings company Arbitron Inc. says it is paying $400,000 to settle a case in California in which it was accused of ...

Nuclear Plant Problems in California

The utility that runs California's San Onofre nuclear plant misled federal regulators about equipment and design changes that are the ...

Vegas Police OK $100k For Videographer In Beating

A Las Vegas police money committee has approved a $100,000 settlement for a man who says he was attacked and beaten in his driveway as he ...

It's Tsunami Preparedness Week, Now Go Sell a Policy

It's Tsunami Preparedness Week, and that means states that border the Pacific Ocean may be hearing more buzz about the rare but deadly ...
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International

$370 Billion Econ. Losses for 2011; $116 Billion Insured, Says Swiss Re

Although everyone is more or less aware that 2011 was a very bad year for losses from natural catastrophes, the figures compiled by Swiss ...

Lloyd's Posts $822 Million Overall Loss for 2011

The loss, announced today by Lloyd's of London, shows just how severe the second costliest year for catastrophes on record for the ...

Best Affirms Platinum Underwriters ‘A’ Ratings; Outlook Stable

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

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

Private company and non-profit D&O coverage is often seen as very profitable for carriers...
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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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New Discussions in the Forums

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
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
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

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

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