Daily Headlines: Friday, May 11, 2012

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May 11, 2012 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Doctors Who Own Surgery Centers Do Lots More Surgery: Study Orthopedic surgeons who own one of the growing number of ambulatory surgical centers (ASC) are doing a lot more surgery than non-owners ... Judge to Insurer: Pay Legal Fees in Pending Insider Trading Fraud Case A federal judge said during a court hearing in New York on Thursday he is prepared to order an insurance company to keep paying the legal ... Medical Liability Insurers Look Strong Now But Face Difficulties Ahead: Fitch The medical professional liability insurance (MPLI) market continues to stand out as a relatively strong corner of the U.S. ... Best Affirms Travelers and Subs ‘A+’ Ratings A.M. Best Co. has affirmed the financial strength ratings (FSR) of 'A+' (Superior) and issuer credit ratings (ICR) of "aa" of the ... Guy Carpenter Names New CEO, COO for U.S. Operations Guy Carpenter & Co. LLC, a global risk and reinsurance intermediary division of N.Y.-headquartered Marsh & McLennan Companies, ... Reliance Global Group Launches Mutli-Family Real Estate Product Reliance Global Group, a subsidiary of Montvale, N.J.-based Empire Insurance Holdings, LLC has launched UniSurance, a new specialty ... Progressive Introduces Expanded Coverage for Boat Propulsion Systems Progressive Insurance has introduced a new coverage for boaters that offers more complete protection of their propulsion systems. The ... Game On! Market Conditions Right for Insurers in Sports, Entertainment Segment Americans love their sports and entertainment, and right now so does the insurance industry. Insurers are renewing their focus on this class... More National News East Mass. Regulators Reject FAIR Plan’s Rate Hike Request Massachusetts insurance regulators on Friday rejected FAIR Plan's request to raise rates by an average of more than 7%. FAIR Plan, whose ... Law Firm Dewey & LeBoeuf Fires 450 People; Laid-Off Worker Files Suit Dewey & LeBoeuf has terminated about 450 people at its New York office effective today, May 11, according to a lawsuit filed by an employee ... N.J. Gov. Christie Vetoes Health Insurance Exchange New Jersey Gov. Chris Christie vetoed legislation, Assembly Bill 2171, that would have begun to establish an online, state-run health care ... Marsh Executive Joins Aon Risk Solutions’ Pittsburgh Office Aon Risk Solutions, the global risk management business of Aon plc, recently hired Michael Barbarita as managing director, executive vice ... AIG Board Director Layton to Resign, Will Take CEO Role at Freddie Mac American International Group Inc. said that board director Donald Layton has submitted his resignation from the board, due to his ... More East News Midwest Major League Baseball to Help Tornado Victims Major League Baseball and a charitable foundation run by players announced they are working with Habitat for Humanity to build nine homes ... Bright Elected President of Iowa Mutual Insurance The board of directors of Iowa Mutual Insurance Co., in DeWitt, Iowa, has elected Drew Bright president. Bright is the 10th president of ... Correction: SIAA Signs 4,000th Agency The Strategic Insurance Agency Alliance has signed its 4,000th member agency, the Thomas Insurance Group of Cape Girardeau, Mo. Recruited ... More Midwest News Southeast Florida Supreme Court Hears Class Action Arbitration Argument A pay day loan company's lawyer argued this week that the Florida Supreme Court must uphold a contract provision prohibiting customers from ... MetLife to Buy Georgia Golf Community An agreement has been announced for the sale of posh golf community Reynolds Plantation in Greensboro, Georgia. The Atlanta ... Gallagher Joins Reliance Global Group in Florida Kevin Gallagher recently joined Reliance Global Group, Palm Beach Gardens, Florida, in the position of executive vice president of sales ... More Southeast News South Central Louisiana-Based Amerisafe Sees Premium Growth in Q1 2012 Amerisafe Inc., a specialty provider of hazardous workers' compensation insurance headquartered in DeRidder, La., saw a 19 percent growth ... Ark. Farm Bureau Ratings Lowered; Louisiana Farm Bureau Affirmed A.M. Best Co. has downgraded the financial strength rating to B++ (Good) from A- (Excellent) and issuer credit rating to "bbb" from ... Houston to Use $151M for Ike Housing Recovery Houston leaders have announced $151 million in federal funds will be used to fix years-old housing damage from Hurricane Ike. The September ... More South Central News West Fire Destroys Townhouses in Santa Clara, California Santa Clara, Calif., authorities say a fire that shot flames 10 stories into the air gutted three townhouses that were under construction, ... Wyoming Governor Open to Higher Fines for Worker Deaths Wyoming Gov. Matt Mead says more may need to be done to combat the state's high workplace fatality rate. Mead told a meeting of the Wyoming ... Fireman's Fund Names Erickson to Special Risk Division Novato, Calif.-based Fireman's Fund Insurance Co. named John Erickson as underwriting senior director of programs in its special risk ... CEA, Red Cross Alliance Auction Raises $180K Disaster Readiness and Relief Two months after joining forces to increase earthquake preparedness in California, the alliance between the California Earthquake Authority ... More West News International UK Prime Minister, Lloyd’s Chairman Unveil Ambitious ‘Vision 25′ Plan The UK may be in the midst of a prolonged recession, but Lloyd's has announced an ambitious new strategy – 'Vision 25' – which it hopes ... Refueling by EU Shippers May Violate Iran Sanctions European ship owners could violate impending EU sanctions against Iran without even knowing it every time they set sail, leaving them ... Catlin Group Records 12% Increase in Gross Premiums in Q1 2012 The Bermuda-based Catlin Group Limited's interim management statement for the first quarter of 2012 highlighted a 12 percent increase in ... Beazley’s Interim Statement for Q1 2012 Shows 9% Premium Growth Beazley plc, which is domiciled in Dublin, Ireland, reported a 9 percent increase in gross premiums written to $465 million, compared to ... Earnings Report: Alterra Capital Selected earnings highlights from Bermuda-based Alterra Capital Holdings for the first quarter of 2012 are as follows:      ... More International News Join the Insurance Journal Network Insurance Journal TV Annual Live Training Burn Educates Adjusters Pat Andler, a certified fire investigator and owner of Andler & Associates discusses the... Watch Now What D&O Buyers Look For In a Carrier What do insureds look for when shopping for a carrier to provide director and officers... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums New GA getting appointments Posted: Fri May 11 -- Hi all, I am hoping to get your opinion on the difficulty in getting carriers to work with a new GA. Is it difficult to get appointments?... paulbennings Residential General Contractor - CA Work Comp Posted: Thu May 10 -- Hello, Does any one have a market for a General Contractor who does residential remodels and additions. The payroll is 70k annually. Looking... InsureTime Aviation Products Liability - Non-Critical Parts Posted: Thu May 10 -- From a former aviation underwriter, do yourself a favor and go directly to the aviation underwriters (in no particular order). Non-critical... AV8T "Pay As You Go" Work Comp Posted: Thu May 10 -- We offer a wage report for the purpose of "pay as you go" workers comp reporting. We aren't a payroll company, so customers can really work... JoelSlatis Is it possible to get insurer appointments just starting out Posted: Wed May 9 -- BiggBoy, This is a very loaded question and will attempt to help. You indicated that you might want to start out for 6 months or so with a... Eagleeye HOA Products completed ops Posted: Tue May 8 -- How can you get the coverage included in the Umbrella if it is not on the primary policy? ALso, is the Products/Completed Ops coverage... LadyBroker Licensed vs non licensed CSR ( CA) Posted: Tue May 8 -- It is also illegal in my state (Texas) unlicensed CSR's cannot discuss coverages at all. Not even a deductible. bkrigsman Residential Apartment Building with Fuses - CA Posted: Tue May 8 -- If you find a market, I would be shocked if the market would supply other than Basic form property coverages. Liability for the apatment... mccluney Go to Forums Reader Comments Christian Group Sues Michigan City, Muslims Over Event Posted: Fri May 4 -- A bit off topic, but I find it absolutely ludicris that muslims would presume to control non-muslims by threat of death for simply drawing a... Kurt Victims of Cyberbullying Fighting Back in Libel Suits Posted: Mon May 7 -- At the school where my kids attend, social media sites (and non-educational sites) are blocked and cell phones are only allowed in certain... Jim G What to Expect If Supreme Court Strikes Down Obamacare Posted: Fri May 4 -- And further: his qualifcitions are irrelavent. What I don't like about you is people like you set up bullying. You say oh here is is... Bob Future Vision: Will Driving Become Too Safe to Insure? Posted: Wed May 9 -- The additional safety devices that are in place to reduce accident do help, but the idea of no accidents involving vehicles will never... Fanucci Suit: Cruise Operator Negligent In Texas Passenger Death Posted: Fri May 4 -- Yeah. Some Angel. What a fiancee. 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