Wednesday, April 11, 2012

Daily Headlines: Wednesday, April 11, 2012

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Insurance Journal Daily Headlines
April 11, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

CNA Announces New Kidnap, Ransom & Extortion Product

CNA has launched a Kidnap, Ransom and Extortion insurance product to address a range of security-related situations that a company of any ...

Severe Weather Has Home Insurers Rethinking Coverages

As weather disasters strike with more frequency, U.S. homeowners first get hit with the destruction or total loss of property. Many are ...

Court Narrows Federal Law on Computer Fraud

A U.S. appeals court rejected the government's broad reading of a computer fraud law to prosecute workers who steal from company computers, ...

MF Global Executives Win Access to Insurance Monies for Defense

Former MF Global Holdings Ltd. Chief Executive Jon Corzine and other company officials won court permission to tap as much as $30 million ...

From MyNewMarkets.com New Insurance Ventures Ready, Waiting for Economy and Market to Turn

The time appears to be right for new ventures including program managers, wholesaler brokers and retail agencies, despite uncertainty with...
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East

Navy Compensating Those Affected by Virginia Jet Crash

A slew of residents who lost their homes after a Navy jet crashed into their apartment complex began picking up government checks on Monday ...

Firefighters Battle a Series of Brushfires in Northeast

Dry conditions and high winds have triggered a number of brushfires in Northeastern states in past few days. Here is a roundup of stories ...

N.Y. Court Ruling May Open Door for More Asbestos Suits Against Pfizer

A New York federal appellate court ruling yesterday could allow more asbestos liability suits to proceed against pharmaceutical giant ...

Willis North America Appoints Account Executive in Maine

Willis North America, a New York-headquartered division of global insurance broker Willis Group Holdings, appointed Michael Sullivan as ...

Reebok, Nike Settle Suit Over Tebow Apparel Sales

Reebok International Ltd. agreed to settle a lawsuit by rival Nike Inc. and will stop selling New York Jets football apparel with the name ...
Midwest

Missouri House Panel to Again Consider Workplace Discrimination

Missouri lawmakers appear poised to take up discrimination in the workplace again, in a possible attempt to get around a veto issued by ...

Michigan's Davenport University Introducing Insurance Education Specialty

Davenport University in Michigan announced it is introducing a new risk management and insurance specialty within its Bachelor of Business ...
Southeast

West Virginia Mine Blast Survivors’ Cases Still Unsettled

Nine men who survived West Virginia's Upper Big Branch mine disaster want to abandon mediation of their personal injury claims and start ...

Calbrese Joins Smart Choice in North Carolina

Melissa Calabrese has joined Smart Choice Insurance Center of the Triad in High Point, North Carolina. She will be responsible for ...
South Central

Louisiana Citizens Again Loses State High Court Fight Over Claims

The Louisiana Supreme Court has struck down another attempt by the state's property insurer of last resort to avoid paying more than $100 ...

Arthur J. Gallagher Acquires Louisiana's Besselman & Little Agency

Arthur J. Gallagher & Co. has acquired Besselman & Little Agency of Baton Rouge, La. Terms of the transaction were not disclosed. ...

Main Street America Rolls Out Commercial Product Line in Oklahoma

The Main Street America Group has introduced its commercial product line, including its main line business owners policy (Main Line BOP), ...
West

Colorado Casualty Names Brewer Regional VP for Denver Region

Centennial, Colo.-based Colorado Casualty, a Liberty Mutual Agency Corp. regional company, named Michael C. Brewer to regional vice ...

Hawaii Critics Say Employer-Picked Doctors Unfair

Workers' advocates claim injured Hawaii employees can't get fair evaluations from doctors hired by employers or insurers. The Honolulu ...

Utah: 750K More Victims In Health Dept Data Breach

An additional 750,000 people had their personal information stolen by hackers, state health officials said this week after discovering that ...

Mont. Woman Awarded $34M in Insurance Lawsuit

A 90-year-old woman residing in an assisted-living facility in Billings has won a $34.2 million judgment against her Omaha, Neb.-based ...

Settlement Reached In Idaho Nuclear Project Lawsuit

The head of a company seeking to build a nuclear power plant in Idaho has agreed to pay $450,000 to resolve a lawsuit with a group of angry ...

Calif. Senate Panel Oks Coastal Conservancy Climate Change Plan

A plan to help ensure the California Coastal Conservancy can work on addressing climate change was approved by the Senate Natural Resources ...
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International

Two Strong Quakes near Sumatra Trigger Tsunami Alert

Two strong earthquakes in the Indian Ocean, located off the west coast of the Indonesian island of Sumatra, have triggered tsunami warnings ...

Aon Benfield Reports Reinsurers’ Capital Remains Strong Despite near Record 2011 Cat Losses

Aon Benfield's latest edition of its Aon Benfield Aggregate (ABA) report, which analyzed the year end 2011 financial position of the ...

Japan P&I Club Ship Insurer Sets New Rules on Iran Oil Transport

Ship owners covered by Japan P&I club must alert the maritime insurer in advance of any plans to transport Iranian oil and ...

Zurich’s Name Change to Zurich Insurance Group Now Official

Zurich Financial Services Group has announced that the name change from Zurich Financial Services Ltd to Zurich Insurance Group Ltd "has ...

Platinum estimates $24.8 Million Q1 2012 Losses from Catastrophes

Bermuda-based Platinum Underwriters Holdings, Ltd. announced that it expects major catastrophe losses will have a net negative impact of ...

Goldman Sachs Completes Acquisition of Ariel Re’s Bermuda Operations

The Goldman Sachs Group and Ariel Holdings Ltd announced that Ariel Holdings has completed the sale of Ariel Reinsurance's Bermuda-based ...

Arch Capital Completes Acquisition of Ariel Re’s Credit & Surety Reinsurance

The Bermuda-based Arch Capital Group announced that it has officially acquired Ariel Re's Credit & Surety reinsurance operations ...

Best Lowers, Withdraws Omega Specialty Ratings; Affirms Lloyd’s Syndicate 958

A.M. Best Europe – Rating Services Ltd. has affirmed the financial strength rating (FSR) of 'A' (Excellent) and issuer credit rating ...

Fireman’s Fund, Allianz Global Expand Entertainment Division into Canada

Fireman's Fund Insurance Co. in partnership with Allianz Global Corporate & Specialty, an Allianz affiliate company in Canada, has ...

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New Discussions in the Forums

looking for feedback/advice please....
Posted: Wed Apr 11 -- uwalka03 is gving very good advice - We have not dealt with Superior Acess but from agents I have talked to they complain about slow turn... William Graham
ADA Violations
Posted: Wed Apr 11 -- There is also one other answer, at least in California. If your client is willing to pay a certified ADA consultant to come out to the... justthere
Pennsylvania Manufactures Association-PMA, WC
Posted: Tue Apr 10 -- I believe Arrowhead Wholesale Insurance Sercvices writes them in California. ... uwalka03
Why I believe in insurance agents
Posted: Tue Apr 10 -- I believe in insurance agents too. Like In most commercials/ads, we must strip away the entertainment 'value' to get to the real message. nancyg
CA Electrical Contractor BOP/GL
Posted: Tue Apr 10 -- If they have a good loss history then the preferreds are the way to go if you want a ture BOP (Travelers, CNA, Allied etc). You will still... uwalka03
1 or 2 Dwellings? - CA
Posted: Tue Apr 10 -- Based on the facts as presented, it would seem hard to have the risk seen as a "personal lines" exposure. Best for agent to examine the risk... mccluney
Executive Suites CA
Posted: Tue Apr 10 -- I have a new applicant that leases a floor from an office building, has constructed multiple private offices within the leased space, and... uwalka03
New Venture - Non-Emergency transporation
Posted: Tue Apr 10 -- I think most preferred and standard carriers shy away from livery. Have you tried Northland Insurance? They're a specialty arm for... wariline
Lessor Risk liability vs tenant liability
Posted: Mon Apr 9 -- Also, keep in mind that in the event the Tenant does not have any coverage, even though the Landlord does, the Landlord policy is for the... LadyBroker

Reader Comments

Top Reasons Happy Couples File Wedding Insurance Claims
Posted: Fri Apr 6 -- Does anyone posting speak clear English? Just curious... UCT
Broker Admits Funneling Over $1M in Bribes to N.J. School Official
Posted: Wed Apr 4 -- Just think how much the premium had to be for this school district in order for this to happen. Most school districts put their insurance... Agent
Federal Healthcare Law to Aid Black Lung Victims
Posted: Thu Apr 5 -- Sarah, If Obama gets his way, the coal plants will be shut down and the mines will close so the miners won't have to worry about getting... Agent
Santa Fe Sues Aeropostale For Not Paying Living Wage
Posted: Fri Apr 6 -- Please consider the financial impact of a large corporate retailer competing against local business. Bad enough they have buying power to... CalDude
Cruise Ship to Retrace Voyage of the Titanic
Posted: Mon Apr 9 -- Seems kinda creepy to me... I dunno bout this

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