Tuesday, May 22, 2012

Daily Headlines: Tuesday, May 22, 2012

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Insurance Journal Daily Headlines
May 22, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Safety Report Cites Lack of Progress in Reducing Motorcyclist Deaths

Last year saw little to no progress in reducing the number of fatal motorcycle crashes around the country, making this one of the few areas ...

Gucci Wins Fraction of Damages Sought in Trademark Claim Against Guess

A U.S. judge said Gucci may recover just $4.66 million in its lawsuit accusing apparel retailer Guess Inc. of copying its trademarked ...

Senate Passes Tougher Iran Sanctions

The U.S. Senate unanimously approved on Monday a package of new economic sanctions on Iran's oil sector just days ahead of a meeting in ...

Ratings Recap: Sublimity, USPlate Glass, Cameron Mutual

A.M. Best Co. has upgraded the financial strength rating (FSR) to 'A-' (Excellent) from 'B++' (Good) and issuer credit rating (ICR) to ...

XL Group, ABA Insurance Enhance EPLI Coverage for Commercial Businesses

The insurance operations of XL Group and ABA Insurance Services Inc., a managing general underwriter, have expanded their employment ...

W. R. Berkley Corp. Forms Marine Division of Berkley Offshore Underwriting Managers

W. R. Berkley Corp. has formed a new marine division of its Berkley Offshore Underwriting Managers operating unit. Through its New York ...

Zurich, SWBC to Offer Excess Flood Insurance

Zurich has announced that SWBC, a diversified financial services company, will be a program administer writing excess flood policies for ...

From MyNewMarkets.com Home Insurance Rates Rose 19% Nationwide in 2011: Report

Homeowners insurance premiums went up 19 percent on average nationwide, according to a report from an online insurance...
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East

Allied World Assurance Company Opens Philadelphia Office

Allied World Assurance Company Holdings announced the opening of Allied World U.S.'s new office in Philadelphia. The company also said Mike ...

FCCI Insurance Expands to Maryland, Hires New Marketing Underwriter

Sarasota, Fla.-headquartered property/casualty insurer FCCI Insurance Group (FCCI) recently expanded into Maryland and has hired Jeanine ...

Vt. Police to Conduct Sobriety Checkpoints, Identify Impaired Drivers

Vermont State Police and other law enforcement agencies have begun conducting sobriety and vehicle safety checkpoints within Caledonia and ...

Country Singer Alan Jackson Raises $150K for Quake-Damaged Va. County

Country singer Alan Jackson has raised more than $150,000 to help a Virginia county rebuild schools damaged by last year's earthquake. A ...
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Midwest

After Joplin Tornado, Town Looked Like a War Zone, Adjusters Say

"One of the eeriest things was … the lack of noise. There were no birds. There was no sound. There was no vegetation. There was ...

Utah Insurance Agent Barred from Business in North Dakota

A Utah insurance agent has been ordered to stop doing business in North Dakota. State Insurance Commissioner Adam Hamm says Bart Winterton ...

Weather, Safety Concerns Pull Plug on Bloomington, Indiana July 4 Show

Concerns about weather, costs and new regulations on temporary stages sparked by last year's deadly stage collapse at the Indiana State ...

No Changes Made for Missouri Injured Worker Fund

Missouri's financially troubled fund for injured workers will get no relief from the state Legislature for at least another year. The state ...
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Southeast

Mississippi Pathologist Settles with Innocence Project Over Defamation Claim

A forensic pathologist who sued the Innocence Project for defamation has accepted a $100,000 judgment to end the suit. The Clarion-Ledger ...

Coal Firm Alpha Cites Safety Steps on Coal-Dust

Coal producer Alpha Natural Resources says it has taken steps to avoid coal-dust violations of the kind that investigators say caused the ...
South Central

Saints’ Vilma Sues NFL Commissioner Goodell for Defamation

Suspended New Orleans Saints linebacker Jonathan Vilma has filed a defamation lawsuit against NFL Commissioner Roger Goodell. The suit in ...

False Damage Claims Lead to Jail Time for Texas Couple

A North Texas couple have been sentenced to prison for their part in a conspiracy to defraud the city of Garland, Texas, of nearly $2 ...

Oklahoma Workers' Comp Judge Vacates Order After Ethics Rule Cited

An Oklahoma workers' compensation court judge has vacated an order he signed in favor of an attorney he plans to work for after leaving the ...
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West

Contractor Sues Retailer Over Remodeling Project

An Idaho-based general contractor is suing Fred Meyer Inc. and its parent, Kroger Co., claiming the retail chain improperly dumped the ...

Denver May Settle Lawsuit Over Police Shooting

The Denver City Council is expected to consider paying $40,000 to settle a lawsuit brought by a bystander who was injured in a police ...

Southern California Industrial Fire Causes $2.5 Million Damage

A fire at a 10-acre industrial area in San Bernardino County has caused an estimated $2.5 million in damage. Authorities say the fire ...
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International

OECD Sees Euro Zone Crisis Threatening Global Economic Recovery

The United States and Japan are leading a fragile economic recovery among developed countries that could yet be blown off course if the ...

EU Trade Credit Insurers Considering Restrictions on Greek Coverage

Euler Hermes, the world's No. 1 trade credit insurer, said it might restrict the cover it provides to exporters doing business with Greece, ...

Tropical Depression Alberto is Atlantic’s First Named Storm

It may not be much of a storm compared to what may follow, but Alberto, which formed off the coast of North Carolina, has become the first ...

RSA Reorganizes Global Specialty Businesses into ’3 Key Divisions’

The UK's RSA announced that it has re-organized its specialty businesses around the world into three key divisions, as it seeks to join up ...

McGill to Assume New Role as Aon Group President

Aon plc announced that Steve McGill has been appointed group president of Aon, responsible for overseeing the "development and execution of ...

Best Upgrades DaVinci Re Credit Rating; Affirms RenRe’s ‘A+’ Ratings

A.M. Best Co. has affirmed the financial strength rating (FSR) of 'A+' (Superior) and issuer credit ratings (ICR) of "aa-" of Dublin, ...

Ratings Roundup: Top Layer Re, Ardellis, BEST RE

A.M. Best Co. has affirmed the financial strength rating (FSR) of 'A+' (Superior) and issuer credit rating (ICR) of "aa-" of ...

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New Discussions in the Forums

Licensing Outsourcing? Viable?
Posted: Tue May 22 -- So I hear a lot from agents about the time they spend on licensing, completing CE, keeping licenses renewed. Then, when things don't happen,... OpXGuy
Brokerage and investment firm
Posted: Tue May 22 -- Are you asking what the process is to register as an insurance agent/broker, and also as an investment (i.e. securities broker/dealer)? Your... Big Dog
New GA getting appointments
Posted: Mon May 21 -- Hi Nick, We are in California. It would be a huge help if you had any further info about this venture, specifically the capital... paulbennings
Calling all experienced MGAs...is this a fair deal?
Posted: Mon May 21 -- I have an opportunity to enter into a marketing agreement with an established independent agency. I am going to list as follows the... youngun58
SEO and buying back links
Posted: Mon May 21 -- I wouldn't recommend it. First off you don't know where they are going to put your link at and you may not approve. Google doesn't give that... johnsharp
Farmers vs. Independent
Posted: Sat May 19 -- I left Allstate and went Independent. The contract with Allstate is similar to Farmers. Farmers actually approached me after I sold my book... johnsharp
CA Electrical Contractor BOP/GL
Posted: Fri May 18 -- Moving a policy from preferred lines to Surplus lines is not illegal, IF you do it for Forms or Coverages, and not for price. If Farmers... LadyBroker

Reader Comments

Healthcare Costs for Insured American Family Top $20K in 2012: Milliman
Posted: Wed May 16 -- Planet, I am glad you agree that Tort Reform should be a part of the bill. I had to laugh when I saw your second sentence. The President... First Agent
Consumer-Directed Health Plans Show Mixed Results
Posted: Tue May 15 -- "Canada's doesn't work very well and has rationed care where people wait for a year to get surgery, that is if they live that long." Do... DS
Vermont Becomes First State in U.S. to Ban Hydraulic Fracturing
Posted: Fri May 18 -- Fracking can be done safely and regulations could be put into place to address individual state concerns. Bans like this are just... Pat
Allstate Looks to Grow Florida Agency Force Again
Posted: Wed May 16 -- OK, they turn all of their employees into sueto-independent contractors and have been in litigation with them for quite some time, oh! but... Sarah
Ohio's New 'Vicious Dog' Liability Law Becomes Effective May 22
Posted: Tue May 22 -- Common sense, perhaps... Unfortunately, the majority of dogs that attack are owned by individual who lack common sense! Max

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