Wednesday, June 27, 2012

Daily Headlines: Wednesday, June 27, 2012

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Insurance Journal Daily Headlines
June 27, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

P/C Insurers Profits Rose to $10.1B in Q1

Private U.S. property/casualty insurers' net income after taxes rose to $10.1 billion in first-quarter 2012 from $7.8 billion in ...

P/C Industry 2011 Loss Reserve Position Sufficient, but Challenged: Conning Research

The property/casualty industry appears to have sufficient reserves, but older reserves continue to develop adversely in 2011, according to ...

Strong Regulatory Systems Recognize Global Differences

Insurance markets have evolved over the years to become increasingly global, interconnected, and convergent — a trend that will ...

Best Sees No Change in MAPFRE USA Group Ratings

A.M. Best Co. has commented that the financial strength ratings (FSR) of  'A' (Excellent) and issuer credit ratings of "a" of the ...

Checks Not Guaranteed for All Health Insurance Rebates, Experts Say

The check may not be in the mail. The Obama administration said in a report Thursday that 12.8 million people will benefit from health ...

Vitale Becomes Sole CEO of Aspen Insurance; Villers Named Chairman

Aspen Insurance Holdings announced this week Mario Vitale, who has been serving as co-CEO of Aspen Insurance alongside Rupert Villers, will ...

Esurance Extends Discounts to Same-Sex Couples in Domestic Partnerships

Esurance, the direct-to-consumer personal car insurance company, is offering new car insurance savings to same-sex couples in domestic ...

The Hartford Enhances Sales Support For Small Business Benefit Brokers

A new team at The Hartford is offering specialized services for benefits brokers, in order to meet the changing needs of small business ...

National Glass Exchange, AmTrust to Offer Windshield Protection Plans

The AmTrust Group of insurance carriers and its sister company, Warrantech, will now be supporting the National Glass Exchange's (NGE) ...

Republican Senator’s Abortion Amendment Holding Up Flood Insurance Bill: Reid

The Senate bill to renew the federal flood insurance program is being jeopardized by a Republican senator who is insisting on an amendment ...

From MyNewMarkets.com How Predictive Modeling Has Revolutionized Insurance

The use of predictive modeling has forever changed the way insurance policies are priced. The revolutionary tool allows insurers to design...
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East

More Than 73,000 Without Power in Virginia Following Monday’s Storm

More than 73,000 Dominion Virginia Power customers in the Richmond area remain without electricity following a powerful storm that blew ...

Boat Crash in N.Y. Highlights Dangers of Boating Under the Influence

A fatal boat crash off Long Island, New York, is prompting a safety initiative. The Coast Guard and local law enforcers are part of the ...

Mass. Officials OK Health Insurance Rebates

State officials say Massachusetts residents and small employers will benefit from $56.8 million in health insurance rebates. Insurance ...

Skier Accuses Popular Vermont Resort of Neglecting Safety

A skier says a Vermont ski resort is at fault for his injuries. Alfred Rocks of Egg Harbor, N.J., sued Killington Ski Area, saying it ...

ACE USA Names Senior VP of Distribution Management in New York

ACE USA, the U.S.-based retail operating division of the ACE Group, has appointed Teresa Black as senior vice president of distribution ...
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Midwest

Judge: Ohio Dog Accused of Biting Not ‘Dangerous’

A judge has sided with an Ohio dog owner who argued her small bichon frise shouldn't be labeled as "dangerous" under a new state law, ...

Michigan’s InPro Insurance Group Acquires Falvay-Counihan Insurance

InPro Insurance Group, a Troy, Mich.-based independent insurance agency, announced the acquisition of Falvay-Counihan Insurance Inc., of ...

Kent State Announces New Bachelor's Degree in Insurance Studies

Ohio's Kent State University announced it will offer a bachelor's degree in insurance studies. The Ohio Board of Regents recently ...
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Southeast

Citizens New President Gilway: Changes Coming, but Progress Will Be Slow

The new chief of Florida's policyholder-backed property insurer offered no magic bulletins when it comes to depopulating the insurer, but ...

Fla. Regulator Orders Firm to Stop Unlicensed Sale of Home Warranties

Florida Insurance Commissioner Kevin McCarty issued an order Wednesday to American Fidelity Services LLC to cease and desist engaging in ...

W.Va. Official: Gas Pipeline Work Risks Contaminating Local Water Line

Water lines in Marshall County are being put at risk for bacteria contamination by crews installing pipelines for energy companies, a ...

OSHA Taking Aim at W.Va. Construction Worksites This Summer

The federal Occupational Safety and Health Administration is launching what it calls a ``no-notice'' campaign in West Virginia this summer ...

July 16 Deadline for Federal Disaster Loans in 3 W.Va. Counties

Private nonprofits and small businesses in three West Virginia counties that suffered losses due to drought, heat and storms last year have ...

Tropical Storm Debby Makes Landfall in Florida Near Steinhatchee

Tropical Storm Debby made landfall near Steinhatchee, Florida on Tuesday, the U.S. National Hurricane Center said. It is the first tropical ...
South Central

NTSB: Why Didn’t Train Wait Before Oklahoma Crash?

Federal investigators want to know why a freight train streaking across the Oklahoma Panhandle failed to pull into a side track and instead ...

Baldor Electric to Pay $2M to Settle Bias Investigation

Fort Smith, Ark.-based Baldor Electric Co. has agreed to pay $2 million to settle a discrimination allegation by the U.S. Labor Department, ...

Improved Ratings in Louisiana Fire Districts Expeted to Lower Insurance Rates

Homeowners in Gross Tete and Rosedale, La., can expect to see a dramatic drop in their fire insurance rates. Commissioner of Insurance Jim ...

North Texas Has Another Minor Earthquake

Texas has had another minor earthquake. The U.S. Geological Survey says a 2.6 magnitude quake happened around 4 a.m. on June 26 in North ...
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West

Independent Nevada Doctors to Merge with ProAssurance

ProAssurance Corp. (NYSE: PRA) announced that Independent Nevada Doctors Insurance Exchange, a Nevada reciprocal exchange, will become part ...

Thoits Names Solomon Vice President of Employee Benefits

San Jose, Calif.-based Thoits Insurance Services named Michael Solomon vice president in the benefits division. He will be responsible for ...

Gambrel Joins Quotenbind.Com

Krista Anne Gambrel who has joined Los Angeles, Calif.-based QuoteNBind.com as chief everything officer. She will be responsible for ...

West Named EVP of Dealey, Renton & Associates

Morgan West has been named executive vice president of Oakland, Calif.-based Dealey, Renton & Associates. West will take over all sales ...

Monsoons Bring Hope, Caution to Wildfire Stricken Western States

Monsoons are about the only thing right now that could bring much needed relief to wildfire-plagued Western states like Colorado and New ...
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International

Swiss Re sigma Study Finds P&C Growth in Emerging Markets

Swiss Re's latest sigma study concludes that "global overall premiums declined 0.8 percent in real terms in 2011. While non-life premiums ...

UK’s MI5 Chief Talks about Threats before Olympic Games

Britain has seen a credible terrorist attack plot about once a year since the Sept.11 attacks - a worrying pattern as security officials ...

Liberty Mutual’s Indian Joint Venture Receives Insurance License

Liberty Mutual Insurance Group announced that Liberty Videocon General Insurance Company Ltd, a joint venture between Liberty Mutual ...

Best Sees No Change in MAPFRE RE’s Ratings despite Spain’s Economic Woes

A.M. Best Europe – Rating Services Limited has commented that the financial strength rating (FSR) of 'A' (Excellent) and issuer credit ...
Insurance Journal's Directory of E and S / Specialty Markets. Coming soon to inboxes, emails, and iPads everywhere! Click here for more information.
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Insurance Journal Blogs

Burand Agency E&O Blog: Tip #4

Do you ever advise your clients the company issued their policy with errors so you'll send it to them once the company reissues the ...

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Health/Benefits Sector Offers Potential Growth for P/C Agents

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New Discussions in the Forums

Commercial Named Non owner policy
Posted: Tue Jun 26 -- JAM, what are you looking for? Commercial Non Owned Auto? LadyBroker
National Agents Alliance? Legit or Keep Away?
Posted: Tue Jun 26 -- Hi, I was with NAA for about 2 years. I did learn a lot about sales but at a cost. I never did make any real money and I did consistently... cecnjohn
Email Marketing List Provider
Posted: Tue Jun 26 -- Hello, I would like to purchase a data base for a particular industry and market our insurance services. Has anyone used email marketing... InsureTime
Do you use online leads services?
Posted: Mon Jun 25 -- Untrue, Quote Wizard does not quote Esurance and Geico directly; they only provide you with links to them after wasting your time filling... Robert742
American Family
Posted: Mon Jun 25 -- Buckeyes772, gregcw gave you really good advise. It appears that he does not have a side agenda when he resonded to you. One of the things I... Eagleeye
Request for Life & Health License in CA
Posted: Thu Jun 21 -- Hi All! Wants to get the life & health license, but wasn't sure which one I should choose from DOI in CA (they have "life-only" and health... roycheong1031
Track Your CSR's Daily Sales Activity
Posted: Thu Jun 21 -- Nothing more annoying to a person, than having some jerk running round with a stopwatch looking over your shoulder, making you log every... OldIndyAgent
Can an employer fire an employee because their pre-convicted
Posted: Wed Jun 20 -- Lying on a job application could be. Was the employee asked about past problems with the law? If the employer knew about troubles in the... superdash8
Unfair Competition amongst brokers
Posted: Tue Jun 19 -- Thankfully karma always has its way of coming around.. As was mentioned before, they probably are only making themselves look bad. I'd... Auds

Reader Comments

Connecticut Court: Ski Area Not Liable for Skier's Injuries, Paralysis
Posted: Wed Jun 20 -- Superb reasoning and a jury to be applauded! reality bites
Ex-N.Y. Postal Worker Pleads Guilty to $18K Workers' Comp Scam
Posted: Sat Jun 23 -- Another token prosecution to give the appearance, that something is being done. This type of fraud is rampant in the USPS & costs taxpayers... Systemic risk
Republican Senator's Abortion Amendment Holding Up Flood Insurance Bill: Reid
Posted: Tue Jun 26 -- The American Taliban, holding anything and everything hostage to force their religious beliefs on EVERYBODY despite the First Amendment... ExciteBiker
Judge: Parents Of Child With Lung Disease Can Sue
Posted: Mon Jun 25 -- This is gonna get me slammed but... did they specifically ask for a test on CF, were told they would get the test, but didn't? Were they... Frankie
How Predictive Modeling Has Revolutionized Insurance
Posted: Wed Jun 20 -- Watch the movie Moneyball, and read this article.... Producer #1

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June 18, 2012
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