Wednesday, April 18, 2012

Daily Headlines: Wednesday, April 18, 2012

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Insurance Journal Daily Headlines
April 18, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Twitter to Limit Use of Patents in Lawsuits

Twitter said on Tuesday that it would structure its patents so they could not be used for offensive litigation purposes without permission ...

Hedge Funds Face ‘Make or Break’ Year, Warns Insurance Investor

Large institutional investors who have ploughed tens of billions of dollars into hedge funds may rethink their allocations if the industry ...

Risk Managers, Senior Executives Don’t See Eye-to-Eye on Risk Management

Although risk managers are taking on more strategic roles in their organizations, a disconnect still exists in many organizations between ...

Berkshire’s Warren Buffett Reveals Stage I Prostate Cancer Diagnosis

Warren Buffett, CEO of Berkshire Hathaway Inc., revealed Tuesday that he has Stage 1 prostate cancer but assured his condition is not ...

Russell Program Managers Expands PoolPro Program

Russell Program Managers, a national program administrator, will expand its flagship PoolPro program to serve community pools, private swim ...

Data Show Risk Highest for New Motorcycle Riders

Jeff Foley got a motorcycle for his 40th birthday last year followed by the weekend training course that gave him a New York license. ...

RIMS Honors Accordino, Lassaw, Berman, Collins, Chan and Marren

A group of risk management and insurance professionals have been honored with industry awards from the Risk and Insurance Management ...

From MyNewMarkets.com Swiss Re Expands Direct-Selling Capabilities 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...

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...
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East

Nationwide Welcomes Penn. Regulators’ Approval of Harleysville Deal

Nationwide Mutual Insurance Co. welcomed Pennsylvania regulators' approval this week of the insurer's proposed merger with Harleysville ...

Penn. Mom, Daughter Go on Trial in $1M Insurance Fraud Case

A mother and daughter from northeastern Pennsylvania are on trial for allegedly taking part in a decade-long $1 million insurance scam. ...

Travelers Cos. to Kick Off P/C Insurers’ Q1 Earnings Season This Week

The Travelers Companies Inc. will kick off property/casualty insurers' 2012 first-quarter earnings season Thursday, April 19, when the ...

Allied World U.S. Appoints P/C Division President in New York

Allied World Assurance Company Holdings AG said industry veteran Lou Iglesias joined Allied World U.S. as president of the ...

N.J. Man Gets House Arrest in Boat-Sinking Scam for Insurance Money

A New Jersey man has been sentenced to eight months of house arrest and five years of probation for his role in a botched attempt to sink a ...
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Midwest

Tornado Damage in Wichita, Kansas, Interrupts Aircraft Industry

Tornado damage in Kansas' aircraft manufacturing hub could have a ripple effect on the industry, analysts have warned, even as airplane ...

Nebraska to Increase Workers' Comp Payout for Burials

Nebraska Gov. Dave Heineman has approved a bill that will let the dependents of workers killed on the job collect a larger payout for ...

6 of 13 E. coli Cases in Missouri Linked to Single Farm

Six of Missouri's 13 recent confirmed cases of E. coli have been linked to the consumption of unpasteurized milk or raw dairy products from ...

Kansas Aviation Museum Damaged by Weekend Storms

The Kansas Aviation Museum in Wichita is closed this week to clean up from damage it sustained during the weekend storms. Museum director ...
Insurance Journal Magazine: Young Agents Survey Issue
Southeast

Southeast Insurance Employment: Agency, Carrier Plans Brighten Picture

Those interested in new or better positions in insurance might want to grab their suntan lotion and head to the Southeast. They might also ...

Brown & Brown Posts $49.4M for 2012 Q1 Net Income, Up 6.3%

Daytona Beach, Fla.-headquartered Brown & Brown Inc. reported 2012 first-quarter net income of $49.43 million, up 6.3 percent from one year ...

Ex-W.Va. Nonprofit Director Wins Federal Appeal Against Insurer

A federal appeals court says an insurance company should have represented a former director of a West Virginia nonprofit organization in a ...

Agency Says More N.C. Residents Added to Uninsured

New data from a North Carolina agency shows an increase in the number of uninsured residents in a six-year span. Numbers from the North ...
South Central

Deadly Oklahoma Tornado Traveled about 31 Miles

A tornado that killed six people in northwestern Oklahoma traveled about 31 miles and had winds of 136 to 165 mph at its peak. The National ...

Oklahoma GOP Lawmakers Revisit Severe Weather Liability Policy

Oklahoma House Republicans are developing a comprehensive liability protection policy for Oklahomans who offer shelter to others during ...

Drought Brings Outbreak of Horse Disease in Louisiana, Arkansas

Agriculture officials in Arkansas and Louisiana have warned veterinarians to watch for signs of a potentially fatal horse disease if ...

Forecasters Assign EF-1 Rating to Arkansas Tornado

The National Weather Service in Little Rock has given a tornado that caused damage in central Arkansas a preliminary rating of EF-1. ...
West

Earthquake Hazard in Washington To Be Studied

The federal government is going to take another look at the potential earthquake hazard at Hanford in Washington. The seismic assessment ...

J.D. Power: Auto Insurance Claims Satisfaction Drops

Customer satisfaction with the auto claims experience declined for the first time in three calendar quarters, according to the Westlake ...

Quake Tests Looks For Ways To Shore Up California Hospitals

What happens when a series of massive earthquakes hits a five-story medical facility with an intensive care unit, operating room and ...

C.M. Meiers Legal Battle Continues With New Allegations

The auction and sale of C.M. Meiers Co. Inc., an out-of-trust Woodland Hills, Calif.-based insurance agency in bankruptcy, is a done deal. ...
International

Is Marine Insurance the Stranglehold on Iran?

Marine insurance, or lack of it, may yet turn out to be the most effective sanction used by Western nations in 17 years of tightening the ...

Willis Marine Market Review Forecasts ‘Another Difficult Year’

After an inauspicious start, 2012 could well be "another difficult and uncertain year for the maritime industry faced with the aftermath of ...

AIR Expands Cat Risk Engineering Program for Supply Chain Risk Quantification

AIR Worldwide announced that it has "expanded its suite of Catastrophe Risk Engineering (CRE) solutions to help quantify, mitigate, and ...

Willis Re Names Beedle to Head Asian Operations

Willis Re, the reinsurance arm of Willis Group Holdings has announced the appointment of James Beedle as CEO of its Asian operations. He ...

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New Discussions in the Forums

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
Security Guard GL In Ca
Posted: Tue Apr 17 -- Need gl for small unarmed security guard service in Ca. Has 2 month lapse in coverage. Payroll around $60000 + 2 owners. Thanks Trotter trotter
Children's product resale store
Posted: Tue Apr 17 -- I wonder how many car seats they would potentially sell? Seems like it would be more cost effective to just not sell that item versus paying... bjwestner
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
looking for feedback/advice please....
Posted: Tue Apr 17 -- "BJ for what is worth -- of all the companies you mentioned --- State Farm is the best opportunity on a... bjwestner
CPA looking for career advice.
Posted: Mon Apr 16 -- I would wonder why you can't do both? Pesonally, I would do the Masters first, you just got your CPA so you are relatively new to the... LadyBroker

Reader Comments

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
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
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

Current Issue

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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