Thursday, April 26, 2012

Daily Headlines: Thursday, April 26, 2012

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Insurance Journal Daily Headlines
April 26, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Fewer Storms Forecast for 2012 Hurricane Season

The 2012 Atlantic hurricane season is projected to be less active than in recent years with 11 tropical storms, six of which will intensify ...

1,000 Independent Agents Lobbying Lawmakers in Washington

More than 1,000 independent agents from around the country will be visiting Capitol Hill offices in Washington, D.C., today to lobby ...

D&O Liability Rates Firmed in First Quarter: Marsh

Rates for directors and officers' (D&O) liability insurance appear to be firming, having risen only 1.5 percent in the first quarter. ...

Selective Reports $18.1M Q1 Profit; Commercial Lines Price Up 5.1%

Selective Insurance Group, headquartered in Branchville, N.J., reported $18.1 million net income for its 2012 first quarter, a 11.7-percent ...

IronHealth, The Sullivan Group to Offer Obstetrics Risk Management Services

IronHealth, Ironshore's specialty healthcare unit, has entered into an agreement with The Sullivan Group, an international healthcare ...

OneBeacon Forms New Specialty Program Group

OneBeacon Insurance Group Ltd. has formed a new specialty business, OneBeacon Program Group (OBPG), which will be led by President Dan ...

Wal-Mart Shareholder Sues Over Mexican Bribery Scandal

A shareholder sued the board and several officers of Wal-Mart Stores Inc. on Wednesday over allegations that the company's Mexican ...

From MyNewMarkets.com New BevCap Program Targets Beer Distributors

Powered by InsuranceJournal.tv BevCap Management, an independent insurance agency in McKinney Texas that specializes in the program...
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East

N.H. Gubernatorial Candidate Criticizes State Health Compact Bill

New Hampshire Democratic gubernatorial candidate Maggie Hassan said Tuesday that a GOP proposal to form a compact to assume control over ...

Harleysville Policyholders Approve Merger With Nationwide

Harleysville Mutual Insurance Company said Wednesday that its policyholders as well as shareholders at its publicly traded subsidiary ...

Former N.J. School Chief in Insurance Bribery Scheme Drops Suit

A former Toms River schools superintendent who admitted taking more than $1 million in bribes in a kickback scheme has dropped a lawsuit ...

MetLife Says Former Wal-Mart Exec Leaves Board

The former head of Wal-Mart's Mexico operations is stepping down from his current board positions at MetLife, effective immediately. The ...
Insurance Journal Magazine: Young Agents Survey Issue
Midwest

Ohio’s Exotic Animal Bill with Insurance Requirement Advances

A proposal to regulate ownership of lions, monkeys and other dangerous exotic animals in Ohio cleared a state legislative panel on April 25 ...

Hylant Group Launches Health & Wellness Strategies Practice

Privately owned insurance brokerage Hylant Group, based in Toledo, Ohio, announced the launch of its Health & Wellness Strategies ...

Michigan Fireworks Suppliers Want Fast Decision on Insurance Law

Suppliers are urging a judge to quickly consider their challenge to a new Michigan law that requires millions of dollars in liability ...

Michigan Workplace Deaths Show Slight Dip in 2011

A report says fewer people died in the workplace across Michigan last year compared to 2010. The Michigan Fatality Assessment and Control ...

Kansas Tornado Relief Efforts Turn Toward Housing

With debris cleanup now in its second week, immediate relief efforts for Kansas tornado victims have been scaled back as disaster help ...

HCC Medical Insurance Services Names Kauth VP of Operations

Indiana-based HCC Medical Insurance Services LLC (HCCMIS), a subsidiary of HCC Insurance Holdings Inc., has appointed Sue Kauth as vice ...
Southeast

Tennessee to Arrest Illegal Drivers Involved in Serious Auto Accidents

Tennessee Gov. Bill Haslam has signed into law a bill that for the first time would require law enforcement officials to arrest drivers ...

Court Sides with Mississippi Insurance Agent in Restaurant Case

The Mississippi Court of Appeals has upheld a ruling that the owners of a Bay St. Louis restaurant cannot collect more than $300,000 they ...

Alabama Governor Tours Towns Still Recovering from Last April’s Tornadoes

Gov. Robert Bentley returned to the central Alabama town of Eclectic a year after a deadly tornado hit it and found people relying on ...

Brown & Brown CEO Returns After Leave of Absence

J. Powell Brown, president and CEO, and a director of Brown & Brown Inc. has returned from a temporary leave of absence for health ...
South Central

Outlook Revised to Positive for Texas-Based MGA Insurance Co.

A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating of B+ (Good) and issuer credit ...

Police Seize 17 Pit Bulls in Louisiana Town

Police in Washington, La., have started to enforce the town's pit bull ordinance that includes a requirement that the dog owners must ...

Louisiana Parish Assembles 'Cat 5' Flood Team

Officials in Terrebonne Parish, Louisiana, have begun the annual work of assembling the parish's "Cat 5" flood team. The task force is ...

MarketScout Adds Dalton as Energy Underwriter in Dallas

Dallas-based MarketScout, the national electronic insurance exchange and specialty MGA, announced that Jason Dalton has joined the firm as ...
West

Ship Owner Sues Pharmacists In 2007 San Francisco Bay Spill

The owners and operators of the Cosco Busan container ship that leaked thousands of gallons of oil into San Francisco Bay in 2007 are suing ...

Northern California City Agrees To Pay $150K in Sex Harassment Suit

Concord, Calif. has agreed to pay $150,000 to settle a lawsuit by an employee who said she was sexually harassed by a female police ...

GOP: Set Up Panel To Pay Colo. Wildfire Victims

Republicans want to create a commission to pay victims of a wildfire southwest of Denver, Colo. that killed three people and damaged two ...

Idaho To Receive $85K In Medicaid Fraud Settlement

Idaho will receive about $85,000 from two separate Medicaid fraud settlements with prescription drug manufacturers. State Attorney General ...

Deputy Sues Over Washington Police Dog Bite

A Snohomish County sheriff's deputy in Washington is suing the Lynnwood Police Department over a dog bite. Deputy Marcus Dill says Lynnwood ...

Leavitt Names Russ Senior Executive Vice President

Woodland Hills, Calif-based Leavitt Group named Mark Russ senior executive vice president and managing co-owner of the Leavitt Group's ...
International

Lloyd’s Register Withdraws from Iran Due to Sanctions

Maritime risk management firm Lloyd's Register has shut its operations in Iran and can no longer vouch for the safety of the OPEC member's ...

Tower Group Announces Strategic Investment in Lloyd’s Canopius

Tower Group announced that it has committed to invest $75 million (based on the current exchange rate) in Canopius Group, Ltd., a privately ...

Earnings Reports: Everest Re, Montpelier Re

Selected earnings highlights from Everest Re for the first quarter of 2012 are as follows:      ...

Canopius to Buy Lloyd’s Omega Insurance for $265 Million; Tower in Related Deal

Lloyds of London insurer Canopius said it has agreed to buy rival Lloyd's insurer Omega after raising its offer to £164 million ($265.6 ...

MAPFRE to Insure Iberia, Other Airlines for 3 Years

MAPFRE GLOBAL RISKS, a subsidiary of Spain's MAPFRE, which specializes in underwriting large risks, announced that for the next there years ...

Willis Names Lieu, Zhou to Strengthen Asia Client Team

Willis Group Holdings announced two key appointments to its Global Solutions (International) team, increasing its multinational client ...
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Insurance Journal TV

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Annual Live Training Burn Educates Adjusters

Pat Andler, a certified fire investigator and owner of Andler & Associates discusses the...
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What D&O Buyers Look For In a Carrier

What do insureds look for when shopping for a carrier to provide director and officers...

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New Discussions in the Forums

NEEDED:History and Current Trends of the Independent Agent
Posted: Wed Apr 25 -- My Name is Wyatt and I am a P&C agent in Lebanon, Oregon. I am currently writing a thesis on the Insurance Industry and need information on... wyattkinger77
looking for feedback/advice please....
Posted: Wed Apr 25 -- My suggestion is to work with an independent agent as a producer. The KEY is to negotiate a good commission split and that YOU OWN YOUR BOOK... NYagent301
1-800-Car-Insurance
Posted: Wed Apr 25 -- "Are you prepared for the associated costs of promoting that number, and can you isolate your promotion... glabman
What are your thoughts on the insurance industry
Posted: Tue Apr 24 -- The key question for anyone thinking that the road to riches is paved with personal lines insurance policies is to ask 'what can I do... d's insurance store
How do you ask for a referral?
Posted: Tue Apr 24 -- I have found, Referrals is definitely an art What works does change over time But like all sales it involves repetition and law of large... William Graham
Thoughts on Clusters
Posted: Mon Apr 23 -- I want to start a new independent angency, are clusters a good to start with does any know any results or experienced great results from... biggboy55
Job advice...please help!
Posted: Mon Apr 23 -- I'm going to be more honest here than I probably should be but I thought it would help out.....In 11plus years in insurance, 10 of those in... bjwestner

Reader Comments

Marijuana Club Files $3M Suit Against SoCal City
Posted: Thu Apr 19 -- Leave them alone! TRW
Illinois Man Sues Nestle, Wal-Mart Over Dog's Death from 'Wholesome' Treat
Posted: Fri Apr 20 -- What type of guy has a Pomeranian and then to name it Cleopatra? Compman
Alligator Visits Louisiana Motel, Bites Guest
Posted: Thu Apr 19 -- I wonder if super 8 has dental coverage for the alligator? Karl Koverage
What to Expect If Supreme Court Strikes Down Obamacare
Posted: Thu Apr 26 -- Stop it with the Robo dislikes, its obvious Jill and friends of Obama. I guess this proves again that we have to look forward to... Sarah
AIG Adopts FASB Accounting Update, Revises Up 2010-11 Income by $5.1B
Posted: Fri Apr 20 -- More creative accounting AIG? Pretty soon, you will say you don't owe the taxpayers anything even if the balance is still $80 Billion.... Agent

Current Issue

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

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