Tuesday, July 10, 2012

Daily Headlines: Tuesday, July 10, 2012

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Insurance Journal Daily Headlines
July 10, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

New Crash Avoidance Features Reduce Claims, Says Insurance Safety Institute

Advanced crash avoidance technologies include some clear success stories when it comes to preventing crashes, insurance claim analyses by ...

Policy Counts for States’ Property Insurers of Last Resort Grew 17% in 2011: III

A record-high 3.31 million residential and commercial policies were offered through state-run property insurers of last resort in the ...

June’s Severe Weather Losses Near $2 Billion in U.S.: Aon Benfield

U.S. severe weather insurance losses were close to $2 billion in June, according to Aon Benfield's Global Catastrophe Report. Published by ...

With Supreme Court Ruling In, Employers Turn to Healthcare Law’s Requirements: Mercer

The majority of employers in a recent survey said they had been waiting for the U.S. Supreme Court's decision before developing a strategy ...

Endurance Promotes Bigley to Senior VP, Head of U.S. Property Cat Reinsurance

Bermuda-based Endurance Specialty Holdings Ltd has promoted David Bigley to senior vice president and head of U.S. Property Catastrophe ...

Appalachian Underwriters Restructures, Names 5 Regional Vice Presidents

Oak Ridge, Tenn.-based wholesale broker Appalachian Underwriters Inc. has restructured its organization to align with its regional ...

Hiscox USA Expands Direct, Online Insurance to Allied Health Professionals

Hiscox USA has expanded their professional liability and general liability policies to allied health professionals. Hiscox's expanded ...

From MyNewMarkets.com Important Changes Coming Soon to MyNewMarkets.com

MyNewMarkets.com is proud to announce enhancements to its search function that make it easier for agents to find the markets they are...
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East

Microburst Storm Damages Reported in Pennsylvania, Virginia

The National Weather Service says a violent storm that downed trees, damaged homes and left 1,200 residents without power in west-central ...

Va. Regulators Advise Consumers to Check Credit Reports for Accuracy

Virginia regulators are advising consumers to check their credit reports periodically for accuracy and ask their insurance companies about ...

N.Y.-Based Navigators Taps Zurich Exec to Lead Its Underwriting Agency

Rye Brook, N.Y.-based specialty insurer The Navigators Group has appointed Vincent Tizzio as president and CEO of Navigators Management ...

Penn.-Based Venture Insurance Programs Names New Sales Representative

Venture Insurance Programs, a national program administrator based in West Chester, Penn., has appointed Stephen Holcombe as a ...

Massachusetts Businessman Fights AT&T Over $1M Phone Bill

A U.S. businessman is engaged in a legal battle with AT&T Inc. over what he calls a fraudulent million-dollar phone bill. Michael Smith, of ...
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Midwest

Ohio’s Norman-Spencer Agency Names New General Counsel

Ohio-based Norman-Spencer Agency Inc. has appointed Christopher Norman, an attorney with broad insurance industry experience, as general ...

Illinois Agency Launches Traffic Safety Campaign

Illinois transportation officials are working to curb the number of roadway fatalities with the help of message boards. Illinois ...

Nebraska Insurance Agent Facing Perjury Charge Running for Office

A Lincoln, Neb., insurance agent plans to continue running for re-election to a natural resources district board even though he is due to ...
Southeast

Florida Adjusters Win Free Speech Case Against 48-Hour Solicitation Rule

A 2008 Florida law establishing a 48-hour moratorium on public adjusters has been ruled unconstitutional by the Florida Supreme Court on ...
South Central

Texas Governor Refuses to Implement Insurance Exchange, Expand Medicaid

Texas won't be working on the implementation of a health insurance exchange, one of the key provisions of the federal healthcare reform ...

Rush Named CEO of ClearView Risk; Wilburn to Serve as Consultant

Dallas-based ClearView Risk Holdings LLC  announced that Bryan Wilburn, founder of ClearView's principal subsidiary Southwest Risk LP, has ...

Esurance Offering Discount to Texas Drivers for Facebook 'Like'

Esurance announced it is now offering drivers in Texas a 10 percent discount on their car insurance for "liking" Esurance on Facebook. ...

Tyner Receives Customer Service Award from Independent Insurance Agents of Texas

Independent Insurance Agents of Texas (IIAT) announced that Susan Tyner, commercial marketing account executive for Allred Thompson Mason ...
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West

Calif. Joint Operation Targets Underground Economy

A statewide joint task force in the fight against California's underground economy has netted contractors allegedly operating illegally, ...

Feds Say 160K Tires At Southern California Recycling Plant Pose Danger

Federal regulators say a Southern California desert tire recycler's 160,000 discarded tires are dangerous. The Environmental Protection ...

Seeding To Begin This Week On NM Little Bear Fire

A special team assigned to survey the damage of the Little Bear Fire in southern New Mexico says aerial seeding will begin on parts of the ...

Washington Official Seeks $500K For ‘Stress Ball’ Injury

A Vancouver, Wash., city councilwoman is seeking $500,000 from the nearby city of Ridgefield, contending that city's mayor injured her left ...

Wyo. Ranchers Selling Cattle Because Of Drought

Wyoming ranchers have been selling off cattle early because there's not enough grass for them to graze on because of the drought. The ...
International

Euro Zone May Be Fragmenting Faster than EU Can Act

Signs are growing that Europe's economic and monetary union may be fragmenting faster than policymakers can repair it. Euro zone leaders ...

Guy Carp’s July 1 Renewals Report: ‘Plentiful Capacity;” Low Insured Losses

According to a report from Guy Carpenter the July first reinsurance renewals "took place against a backdrop of plentiful capacity," as ...

US Lawmaker Asks Tuvalu to Stop Reflagging Iran Oil Tankers

A prominent U.S. lawmaker has asked the small South Pacific island nation of Tuvalu to stop reflagging Iranian oil tankers and warned its ...

S.A.C. Re Begins Operations in Bermuda; $500 Million in Capital

S.A.C. Re, Ltd. announced that it has commenced operations with $500 million of contributed capital, raised in a private placement of the ...

Kerr to Head BMS Growth in Australia, Asia-Pacific

Global broker BMS Group announced that it has "achieved another major strategic goal with the appointment of respected Australia-based ...

Best Assigns ‘A-’ Ratings to S.A.C. Re, Ltd.; Outlook Stable

A.M. Best Co. has assigned a financial strength rating of 'A-' (Excellent) and issuer credit rating of "a-" to newly established, ...
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LexisNexis Insurance Exchange Celebrates One-Year Anniversary

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Solvency II Advisor Sees Local Politics as Threat to Implementation

Colm Fagan is one of Ireland's most respected insurance executives. He is a member of the...

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New Discussions in the Forums

HELP...Waiver, Rider, GL Policy, alot of ???s..HELP
Posted: Tue Jul 10 -- Hi, I am involved with a DEMOLITION DERBY in which a driver was badly burned when his car caught fire. The derby has a GL policy naming the... islandgirlb
Agent no legal duty to inform on cancellations?
Posted: Mon Jul 9 -- Every retail agency, whether personal lines or commercial has them...the perpetual late pay people. The one's you wonder if they ever open... d's insurance store
AMS360 for accounting?
Posted: Mon Jul 9 -- Yes, AMS360 has accounting limitation but it handles the trust side of insurance accounting so well that it is virtually impossible to pay... CFO
RV Rental for Dealership
Posted: Mon Jul 9 -- Maybe progressive will do it. karenmorris
Chicago IL area insurance agencies who sell TRAVEL Insurance
Posted: Mon Jul 9 -- How much does it cost? Is it per trip or per year? karenmorris
National Agents Alliance? Legit or Keep Away?
Posted: Sat Jul 7 -- Hi guys, Is it possible to switch downlines with NAA? I was hired by someone in another city, but their team is disorganized, and it is... Cassie
WC Market for class code 9051 Home Health Care Aid
Posted: Fri Jul 6 -- Try Companion and Williamsburg National-Star. they do home health and registry type stuff. shari
Can an employer fire an employee because their pre-convicted
Posted: Fri Jul 6 -- This can also be happen if the false information were given on the employment contract regarding the previous records and employer finds out... jazz90

Reader Comments

Why Chief Justice Roberts Saved Obama's Healthcare Law
Posted: Tue Jul 3 -- Underwriter, excellent plan. But: 1) Tort refrom, watch this: http://www.youtube.com/watch?v=N9HcWd5ifBA&feature=relmfu With the trial... Dave
Iowa to Pay $3.75M for Boy's Injuries
Posted: Fri Jul 6 -- Settlement without a costly trial (in terms of both money and emotions) is to be applauded. Ruminator
Indiana Woman Accused of Bilking Pet Insurance Firm
Posted: Thu Jul 5 -- No..... no one will rush to judgement.... sounds all very innocent to me. hmmmmmmm
Chief Justice Roberts Viewed Differently After Healthcare Opinion
Posted: Mon Jul 9 -- You are right Planet. Leslie Marshall is a well known leftist since she has been featured on Fox many times to try to spin the Progressive... First Agent
North Carolina Lawmakers Pass 4 Year-Ban on Sea Level Policy Changes
Posted: Fri Jul 6 -- This is why NFIP will never be solvent. If you develop in a flood zone you will get flooded. jw

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