Monday, June 11, 2012

Daily Headlines: Monday, June 11, 2012

Sponsored by: Project CAP. Join the Cause. Click here for more information
Insurance Journal Daily Headlines
June 11, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Commercial Insurance Prices Continue to Rise: Towers Watson

Commercial insurance prices in aggregate increased by nearly five percent during the first quarter of 2012, the fifth consecutive quarter ...

Health Insurer UnitedHealth Vows to Keep Reforms Whatever Court Decides

UnitedHealth Group Inc., the largest U.S. health insurer by market value, said it would maintain the health coverage protections included ...

Talking Cars, or V2V, May Help Humans Avoid Crashes

As a safety demonstration, it was a heart-stopper: A Ford Taurus was seconds away from cruising through an intersection when suddenly a row ...

LinkedIn Risks Reputation Damage Over Password Leaks, Silence

LinkedIn Corp.'s silence on the extent of a security breach that exposed millions of user passwords has damaged its reputation among some ...

Judge Questions Evidence in Gender Bias Claim Against Wal-Mart

A U.S. judge on Friday said he was "seriously concerned" about whether women suing Wal-Mart Stores Inc. had enough evidence to move forward ...

Transfer of Pension Risk to Insurers Gaining Favor

Last week's deal by Prudential Financial to take on $26 billion of the retirement liabilities of General Motors has reignited a part of the ...

Dads Worth Less Than Moms Around House: Study

Fathers of America, you may consider yourselves indispensable, but a new survey says you're only worth about one-third as much as mom ...

Colony Specialty Launches Environmental Auto Product

Colony Specialty, a member of Argo Group International Holdings, Ltd., is now offering business auto coverage in conjunction with its ...

From MyNewMarkets.com Rockhill Launches E&S Primary General Liability Underwriting Unit

Rockhill Insurance Group has expanded its product offerings to include primary general liability. The new underwriting unit will be led by...
Sponsored by: Catlin. Meet our brokers. They have some interesting stories to tell. Click here for more information.
East

Birth Control Mandate Sparks Protests in Pittsburgh, New Haven

A federal government mandate to require employers to provide health insurance that includes birth control for workers sparked protests in ...

Aon Executive Joins New York-Based Broker Sterling & Sterling

Woodbury, N.Y.-based brokerage firm Sterling & Sterling Inc. appointed Howard Tollin as president of the environmental services division. ...

Maine Man Sentenced for Insurance Theft

A Maine man recently convicted of federal gun charges has pleaded no contest in state court to insurance fraud charges for burning down his ...

Connecticut Survey Finds Teens Often Text While Driving

Connecticut teens have acknowledged in a state survey that they talk and text on their cell phones while driving.The biennial state survey ...

Feds OK $7M to Demolish Flood-Prone Pennsylvania Properties

Federal emergency management officials say they'll demolish dozens of damaged and flood-prone properties in eastern and central ...
Join us online next week for a LIVE State of the Insurance Industry webcast - hosted by Insurance Journal's Academy of Insurance -- Reserve Your Spot Today
Midwest

In the Workplace, What Do Millenials Want?

There's a lot of talk in property/casualty insurance circles these days about how the industry is going to replace the huge wave of baby ...

Straight-Line Winds Cause Sail Boat to Crash Into North Dakota Home

Straight-line wind gusts damaged buildings, uprooted trees and sent a 30-foot sailboat crashing through the window of a home in North ...

Court Revives Employee Lawsuit Over Racist Receipt

A shoe store clerk who was fired after inadvertently giving a receipt containing a racial slur to a black customer has the right to sue her ...
Southeast

Mississippi Court Orders New Trial in Worker’s $15M Asbestos Award

The Mississippi Supreme Court has ordered a new trial in a workplace asbestos exposure case in which a Jones County man was awarded $15.2 ...

Mississippi Reservist Files Job Bias Claim Against Weather Channel TV

A former on-air forecaster for The Weather Channel is suing the network, claiming it illegally discriminated against her because of her ...

Mississippi to Receive Nearly $1M in AIG Settlement

Mississippi's insurance commissioner says the state will receive nearly $1 million as part of a national settlement over American ...
South Central

Texas Windstorm Insurance Technical Advisory Group Members Named

Texas top insurance regulator has named eight industry professionals to participate in an advisory group to work on issues related to ...

Safety Violations at Arkansas Chemical Plant Bring $122K in Fines

Serious safety violations at a chemical plant in Arkansas have resulted in a proposed $122,000 in fines for an Indiana company, federal ...

Regulators: Dallas Company to Pay $50K to Settle Discrimination Lawsuit

Regulators say a Dallas-area refrigerated transport company will pay $50,000 to settle a federal disability discrimination lawsuit The U.S. ...
West

Colorado Wildfire Nearly Doubles Overnight

A wildfire in northern Colorado that has forced the evacuation of thousands nearly doubled in size overnight from 20,000 acres to 36,930 ...

Montana City Considering Cellphone Ban For Drivers

Officials in Columbia Falls, Mont. are considering a cellphone ban while driving after a man drove into the Flathead River while texting. ...

UW Offers Website to Reduce Wildfire Risks

The University of Wyoming has established a website that provides ways for landowners to reduce wildfire risks to houses, cabins and ...

$20M Claim Filed In Death Of Arizona Jail Inmate

A $20 million notice of claim has been filed against Phoenix and the Maricopa County Sheriff's Office over a jail inmate's death last year. ...

Couple Sue Over Fallen Waikiki Tree Branch

An elderly California couple are suing the landowner of a Waikiki outdoor bazaar, claiming they were injured when a branch from a large ...

Southern Calif. Agents Nabbed In Million Dollar Ponzi Scheme

A current and a former insurance agent from Southern California have been arrested for allegedly running a million-dollar Ponzi scheme. ...
Sponsored by: State Fund. We protect the people who make California work. Insuring California Businesses for more than 95 years. That's stability you can count on. Together, we'll keep California working. Click here for more information.
International

Analysis: EU’s Spain Bank Rescue May Bring only Brief Respite

Euro zone finance ministers rushed Spain into an EU-funded rescue for its debt-stricken banks to pre-empt the threat of a bank run if ...

XL Political Risk, Trade Credit Unit Gets Approval for Lloyd’s Expansion

XL Group announced that its Political Risk and Trade Credit (PRTC) business has received approval from Lloyd's to write Political Risk and ...

Trade Credit Insurers Increase Exposures to over $225 Billion

Global trade credit insurers have increased their exposures in the sector by over €180 billion [$226.8 billion], despite the continuing ...

UK’s CFC Launches Excess Underwriting Capability

London-based CFC Underwriting has launched an excess underwriting capability. CFC is a specialist lines underwriting agency backed by 17 ...

Ratings Roundup: Aviva Canada, AEGIS

A.M. Best Co. has reviewed and maintained the under review status of the financial strength ratings of A (Excellent) and issuer credit ...

EU Insurers Still Coming to Terms with Solvency II as Start Date Nears

"Over the next 18 months it's estimated that Ireland will spend 100 million euros (app. $125 million) on preparations for Solvency II ...
Join us online next week for a live webcast about Green Building Rating Programs - hosted by Insurance Journal's Academy of Insurance -- Register Today
Insurance Journal Blogs

Florida Can and Should Fix its Own Insurance Problems

You have to hand it to the Palm Beach Post. First, the paper sends out a reporter to a press conference with Gov. Rick Scott to ask his ...

Join the Insurance Journal Network

Twitter Facebook LinkedIn


Insurance Journal TV

Video thumbnail

R Street's Lehrer: Free Markets, Pragmatism and Insurance Regulation

R Street Institute is a new free market conservative insurance think tank headed by Eli...
Video thumbnail

What D&O Buyers Look For In a Carrier

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

TV icon Watch more videos at InsuranceJournal.tv

New Discussions in the Forums

cpuc
Posted: Mon Jun 11 -- Did you mean CPCU (not CPUC or CPU)? Can it help in getting a job in the insurance industry? Sure. However, if you have absolutely no... Big Dog
National Agents Alliance? Legit or Keep Away?
Posted: Sun Jun 10 -- National agents alliance is wonderful. I have been withhtis compabny for 4 months and could not be happier. I follow the system and am on... naafan
Just another day in the retail insurance biz
Posted: Sun Jun 10 -- Good for you; never allow anyone to LIE on an application. It is always better to let a dishonest fool go. Also beware of potential clients... rodgwag
Credit Card Processing
Posted: Fri Jun 8 -- We've been using Square for 18 months. No problems. We generally don't process credit card through the agency, so we only use it 5-6 times... onstar
Agency Management System
Posted: Fri Jun 8 -- In California. 18 months being independent agency (3 years with State Farm before that). We use FSC Manager (from the people that make FSC... onstar
Work Comp for a Live Theater in California
Posted: Thu Jun 7 -- A "community theater" pays its actors? Is this WC on volunteers? You may wish to consider a group AD&D policy instead for the volunteers. jimk
CA Electrical Contractor BOP/GL
Posted: Thu Jun 7 -- @JAM Scottsdale offers Wage and Hour endorsement. Almost all wholesalers have access to Scottsdale bkrigsman

Reader Comments

C.M. Meiers Preliminary Injunction Decided, But Far From Over
Posted: Fri Jun 8 -- Are you kidding? Obviously you must love soap opera's you're always commenting you seem to have some sort of grudge, get over it, they... IA
Florida's Citizens Hears Depopulation Ideas
Posted: Mon Jun 4 -- One idea. Citizens could add a disclosure on the application (similiar to the one about assesments) that reads: "There is a good possibility... SWFL Agent
Michigan Court Rules for Insurer in Tragic Hit-and-Run
Posted: Mon Jun 4 -- You don't see "the court's liberal majority" because most of the current Justices were appointed by Republicans.If there was a liberal... Tony
Virginia Activists Press Banks for Foreclosure Aid
Posted: Tue Jun 5 -- Why in the world would anyone in their right mind think they can afford a $425,000 loan with a $35,000 salary? He was not taken advantage... Really??
Georgia Mom Posed as Dead Son to Collect $151K From Insurance Policy
Posted: Fri Jun 8 -- Typically, the IJ article misses important stuff, such as this from the The Atlanta Journal-Constitution: "When she submitted a claim, she... Dot Hemath

Current Issue

June 4, 2012
Current Issue
Program Directory Vol. I; Bonus: The Florida Issue (Special Supplement)

More Newsletters

Choose Newsletters
Enter Your E-mail

How to Advertise

For information about advertising on this newsletter and Insurance Journal magazines, contact Julie Tinney at (800) 897-9965 x148.
View our Media Kit for advertising options in our magazines and online properties.
Insurance Journal
3570 Camino del Rio North, Suite 200
San Diego, CA 92108
(800) 897-9965
Copyright © 2012 by Wells Media Group, Inc.

No comments:

Post a Comment