Thursday, April 19, 2012

Daily Headlines: Thursday, April 19, 2012

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Insurance Journal Daily Headlines
April 19, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Gulf Oil Spill Commission Criticizes Congress for Inaction

A presidential commission that investigated the Gulf oil spill blasted Congress for inaction in its report card on industry and government ...

Travelers Has $806M Q1 Income; Business Insurance Renewal Price Up 8%

The Travelers Companies Inc. reported $806 million in net profit for the 2012 first quarter. The first-quarter profit was down 4 percent ...

N.Y.-Based USI Buys Assets of Compass Insurance, Expands in Southwest

USI Insurance Services, an insurance brokerage firm headquartered in Briarcliff Manor, N.Y., acquired certain assets of BBVA Compass ...

Zander Insurance, Answer Financial to Offer Home, Auto Insurance Nationwide

Zander Insurance Group has partnered with Answer Financial to offer home and auto insurance to its customers nationwide. Zander Insurance ...

Swiss Re Expands Foreign Coverages Through New Partnership

As part of its expansion into direct-selling insurance to the global company marketplace, Swiss Re has partnered with Royal Sun Alliance ...

The Hartford to Offer Electric Vehicle Discount

The Hartford is now offering drivers of electric vehicles a discount of five percent on their auto insurance policies. The discount is  ...

AIR Offers Supply Chain Risk Service

AIR Worldwide (AIR) has expanded its suite of Catastrophe Risk Engineering (CRE) products to help quantify, mitigate, and manage the risk ...

Travelers Updates Risk Management Tool with Risk Analyzer Dashboard

To help business insurance customers find loss prevention opportunities and more efficiently analyze their loss experience, Travelers ...

From MyNewMarkets.com Property Insurance Rates Continue to Firm: Marsh

Global property insurance rates continued to firm in the first quarter of 2012 and there are forces at play that will likely continue the...

From IJAcademy.com Airplane Pilots and Insurance Professionals

During college I took several aeronautic ground classes along with actual flying lessons. Our instructors hammered safety and preparedness into our heads...
Sponsored by: Acord Loma Insurance Systems Forums. May 15-17, 2012. Orlando, FL. Click here for more information.
East

N.Y.-Based Specialty Insurer Assurant Turns 120 Years Old

Assurant, a New York-based provider of specialty insurance and insurance-related products and services, celebrated its 120th anniversary ...

Massachusetts Docs Eye New Approach to Medical Malpractice Claims

It may become easier in the future for Massachusetts doctors to apologize for mistakes if an experiment by three major hospitals to reduce ...

N.Y. Official: More ‘Prescribed Burns’ Needed to Prevent Brush Fires

A Long Island official says budget cutbacks of "prescribed burns" have helped imperil thousands of acres of woodland during brush fires ...

SIAA Announces 6 New Member Agencies in Northeast

The Strategic Insurance Agency Alliance (SIAA), a national alliance of over 4,000 independent insurance agencies, said six new agencies in ...
Midwest

Midwest Insurance Employment: Sales Agents, Good Talent Always Priorities

As in every other business sector, during the past few years organizations within the property/casualty insurance industry have sought to ...

Missouri Bill Criminalizes Undercover Videos at Farms

The Missouri House has endorsed legislation that would make it a crime for undercover activists to produce videos portraying poor ...

Burns & Wilcox's Daniel Kaufman Named to Atain Insurance Board

Farmington Hills, Mich.-based Atain Insurance Cos. has appointed Daniel J. Kaufman, J.D., to its board of directors. Based in Chicago, ...

Flick Appointed Chief Actuary at Monitor Liability Managers

Monitor Liability Managers LLC in Rolling Meadows, Ill., has added Daniel Flick as chief actuary. Flick is responsible for overseeing the ...
Southeast

BP Proposes Gulf Oil Spill Claims Settlement, Trial Delay

BP Plc reached settlements to resolve billions of dollars of claims from the 2010 Gulf of Mexico oil spill, and asked a U.S. judge for a ...

Mississippi Lawmakers Still Weighing Workers’ Compensation Changes

Mississippi senators are considering making more changes to a workers' compensation bill that sparked controversy in the Legislature this ...
South Central

South Central Insurance Employment: Oil, Economy Fuel Texas Hiring

Across the nation, employment levels in insurance agencies and brokerages declined at a faster rate than the overall U.S. employment level ...

South Texas Residents Drying Out after Storm

Residents living north of Corpus Christi in the Portland/Gregory communities are in the process of drying out following a 15-inch rainfall ...

Companies to Pay $14.8M in FEMA Trailer Settlement

Nearly two dozen companies that manufactured government-issued trailers for storm victims after Hurricane Katrina have agreed to pay $14.8 ...

Texas Insurance Council Scholarship Funding Tops $500K

With its latest round of scholarships, the Insurance Council of Texas' (ICT) annual funding for students enrolled in insurance and risk ...
West

Marijuana Club Files $3M Suit Against SoCal City

A medical marijuana club is suing a Riverside County city for $3 million, claiming police are harassing its members. The North County Times ...

Bell-Anderson in Pacific Nowrthwest Names Tanta CFO

Renton, Wash.-based Bell-Anderson Agency Inc. named Steven J. Tanta chief financial officer. Tanta joined Bell-Anderson in 2009 as a sales ...

SIAA Adds Nine in West

Hampton, New Hampsire-based  Strategic Insurance Agency Alliance has signed nine new members in the Western U.S. The new members include: ...

After 21 Years in Prison, Freed Inmate Sues San Francisco

A man who served 21 years in prison before his murder conviction was overturned is suing San Francisco. The San Francisco Chronicle ...

Woman Sues Couple, Aspen Skiing Co. Over Dog Bite

An Aspen woman is suing Aspen Skiing Co. and a New York couple after she was bitten by a dog at the base of Aspen Mountain in Colorado in ...

Marijuana Training Proposal Faces Colorado House Test

A marijuana proposal aimed at training people who work in medical marijuana businesses faces a test in Colorado's Republican House. A House ...

Bimestefer Named President, GM for Cigna's Mountain States

Cigna Corp. named Kim Bimestefer president and general manager for its Mountain States region, including Colorado, Wyoming, Utah and New ...
International

Catlin Receives Approval to Establish Representative Office in Beijing

The Catlin Group Limited announced that it has been granted approval by the China Insurance Regulatory Commission [CIRC] to open and ...

Best’s Special Vietnam Report Sees Continued Strong Growth

Vietnam's insurance market has experienced strong double-digit premium growth in recent years and demand for insurance product is ...

Talbot Underwriting (MENA) Appoints Warren as New CEO

Talbot Underwriting, Ltd., a wholly owned subsidiary of Validus Holdings, announced the appointment of Matthew Warren as CEO of Talbot ...

Insuring the Olympic Games: Major Risks, Much Secrecy, Heavy Coverage

One hundred days to go before the 2012 Olympic Games open in London. As that day moves closer, preparations, which have been going on for ...
Sponsored Content

Astonish Welcomes Dennis Chookaszian to Board of Directors

Warwick, RI, 04/19/2012 – Astonish, a full-service digital marketing company that serves local insurance agencies, financial firms, and ...

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New Discussions in the Forums

Children's product resale store
Posted: Wed Apr 18 -- Well, I have several clients who sell used merchandise, and I've given them the data on insurance costs should they decide to go into... Island Girl Agent
looking for feedback/advice please....
Posted: Wed Apr 18 -- Sorry, I did not think that people wanted to actually email or call me. I figured they would just post their advice/feedback to the forum.... bjwestner
Need for International Non-Profit Insurance for youth group!
Posted: Wed Apr 18 -- Contact Charity First, in San Francisco. They specialize in Not for Profits. LadyBroker
Preparing for the New York State brokers' license exam
Posted: Wed Apr 18 -- I suggest you buy the book entitled "Real Estate Broker Exam: The Complete Preparation Guide." It provides information and practice... sethm
Combinability of Interest
Posted: Tue Apr 17 -- Would husband and wife be considered the same ownership? No written rule to be found in the Underwriting manual. Scenario: Husband is... wjohnson
CA Electrical Contractor BOP/GL
Posted: Tue Apr 17 -- JOEY52 - I don't know how you correlate Homeowners coverage with BOP coverage. There simply is no comparison. The Farmers Contractors BOP is... justthere

Reader Comments

Michigan Governor Signs Bill Making Motorcycle Helmets Optional
Posted: Tue Apr 17 -- Wow, they have to carry a whole $20,000 in medical benefits??? That should be enough to pay for at least 0.1% of the lifetime medical costs... MP
Mont. Woman Awarded $34M in Insurance Lawsuit
Posted: Fri Apr 13 -- Enough finanacial industry CEOs make that in a year. Yes, slap them and slap them hard when they abuse the publics trust by trying to rip... Kurt
Wisconsin Governor Signs Bill Erasing Workplace Discrimination Damages
Posted: Tue Apr 17 -- Lots of hard choices to make these days no matter who you are and where you are. People all over the country need to learn from the mistakes... FFA
Alligator Visits Louisiana Motel, Bites Guest
Posted: Tue Apr 17 -- ...and the gator was thinking "hmmmm. Tastes like chicken..." Dee
Justice Department Testing Little-Used Law in Financial Crisis Cases
Posted: Fri Apr 13 -- What about the criminals in Congress who were intimately involved with Freddie & Fannie such as Barney Frank, Chris Dodd among others. We... Agent

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Current Issue
Big "I" Issue with Young Agents Survey; Medical Professional Liability; Business Interruption / Business Income; Bonus: Education & Training Directory
April 16, 2012

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