Friday, August 24, 2012

Daily Headlines: Friday, August 24, 2012

Sponsored by: Zurich. For Automotive Dealerships. P and C + F and I = Total Solution. Click To Learn More..
Insurance Journal Daily Headlines
August 24, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

P/C Insurers Show Improved Results Mid-Year: Fitch

U.S. property/casualty insurers' operating performance improved significantly in the first half of 2012, according to Fitch Ratings. The ...

Energy Firms, Southeast States Watching Tropical Storm Isaac

Tropical Storm Isaac headed toward the Dominican Republic and Haiti on Friday, continuing its march across the Caribbean after unleashing ...

ISO Says States OK Optional By-Peril Rating Rules for Homeowners

ISO says it has received approval of its Risk Analyzer Homeowners by-peril rating rules in 13 states and has filings pending approval in ...

LAST CHANCE: Submit Now to Be a Best Agency to Work For

Don't miss your chance to be named one of Insurance Journal's best independent insurance agencies in the United States to work for. ...

New York Fed Sells Last of Its AIG Assets, Ending Ties with Insurer

The Federal Reserve Bank of New York brought to a close another chapter in the government's taxpayer-funded bailouts of 2008 with the sale ...

From MyNewMarkets.com Markel FirstComp Unveils New Name, New Agent Portal

Markel and FirstComp have announced a new brand – Markel FirstComp – and a new independent agent portal. Founded in 1997,...
Today only! 25% off all insurance training - from Insurance Journal's Academy of Insurance
East

Maryland Court: Former NFL Punter Eligible for Workers’ Comp

Maryland's highest court has ruled former Washington Redskins punter Tom Tupa is eligible for workers compensation for an injury while ...

N.Y. Distributed $574M in Post-Hurricane Irene, TS Lee Aid So Far

New York State Gov. Andrew Cuomo on Thursday marked the upcoming one-year anniversary of Hurricane Irene and Tropical Storm Lee by issuing ...

Erie Insurance in Pennsylvania Announces 3 Officer Promotions

Erie, Pennsylvania-based Erie Insurance announced three officer appointments. Richard Burt has been promoted to executive vice president of ...

Markel Executive Joins Aspen US Insurance in New York

Aspen US Insurance has appointed Richard Aldorisio as executive vice president of casualty insurance. He will be based in New York City. In ...

Del. Regulator Says State's Captive Insurance Industry Growing Rapidly

Delaware's insurance commissioner, Karen Weldin Stewart, said this week the state's captive insurance industry is growing rapidly. She also ...
Love the Retail Agency you work for? Click Below to Nominate It for IJ's Best Agencies to Work For! Click here for more information.
Midwest

Thompson Name Divisional President at Great American Insurance

Great American Insurance Group, based in Cincinnati, Ohio, has promoted David L. Thompson, Jr. to divisional president of its Specialty ...

Neidlinger Joins Rubloff Insurance Agency as Account Executive

Chicago-based Rubloff Insurance Agency, a division of Prudential Rubloff Properties, has added Sara Neidlinger as an account executive. ...

Drought Worsens in Plains, Despite Cooler Temps

The nation's most withering drought in decades only got worse in several key farming states last week, despite cooler temperatures that at ...

Central Indiana Glass Plant Faces $453K in Safety Fines

A central Indiana glass factory faces what the state workplace safety agency calls a record $453,000 in fines for violations that weren't ...

Indiana Flood Walls Aim to Prevent Repeat of 2008

Floodwaters from Haw Creek cost Cummins Inc. an estimated $220 million dollars in property damage in 2008. The Indiana-based company is ...
Southeast

Insurers Seeks 6.1% Increase in Florida Workers' Compensation Rates

Florida employers may see their workers' compensation rates increase as the National Council on Compensation Insurance announced it is ...

Tennessee Valley Authority Found Liable for 2008 Coal-Ash Spill

The Tennessee Valley Authority is legally responsible for a 2008 accident that sent 5 million cubic yards of toxic coal sludge oozing into ...

Reforms May Save Florida Drivers Up to 24.6% on PIP Premium: Report

Florida's new no-fault auto insurance law could result in savings of 14 percent up to as much as 24.6 percent for drivers' on their ...

Settlement Reached in Atlanta Police HIV Employment Case

A man with HIV who said he was denied a position with the police force has reached a settlement with the city of Atlanta, his lawyers said. ...
Top 5 Mistakes When Hiring Producers - New training from Insurance Journal's Academy of Insurance - Reserve Your Spot Today
South Central

Oklahoma Governor to Seek Additional Disaster Aid

Gov. Mary Fallin says she's pleased the government has approved disaster assistance for one Oklahoma county and that she'll continue ...

SIAA Signs 4 New Members in Oklahoma, Texas

The Strategic Insurance Agency Alliance (SIAA) announced 40 new member agencies in July. Of those, four new members are from South Central ...

Former Louisiana Law Enforcement Officers Sentenced for Scam

Two law enforcement officers form the New Orleans area have been sentenced for their roles in a plot to make a fraudulent insurance claim. ...

Texas Judge Restrains Waco-Based Life Settlements Firm

A Texas judge has ordered a Waco-based life settlements firm to preserve records and assets after state officials alleged the firm is in ...
West

'Hole-in-Won' Golf Tourney Insurer Charged With Not Paying Up

A Connecticut businessman who specializes in insurance for golf tournament hole-in-one prizes has been charged in Washington with multiple ...

California Health Rates Initiative Qualifies for 2014 Ballot

The California Secretary of State announced on Thursday that a ballot initiative to require health insurance companies to publicly justify ...

Reworked Workers' Comp Proposal Surfaces

What appears to be a cut down and reworked version of a workers' compensation proposal has been put into bill form and is being ...

Brandt Named EVP in Lockton's San Francisco Office

Terry Brandt was named Lockton San Francisco's executive vice president and director of the Lockton Alliance for Ministry Protection ...

Bill to Update Holding Company Act Passes Calif. Legislature

The California State Legislature has passed Senate Bill 1448, which updates California's Insurance Holding Company System Regulatory Act. ...

Robinson Joins Woodruff-Sawyer

San Francisco, Calif.-based Woodruff-Sawyer & Co. named Jeff Robinson an associate producer for the firm's Southern California ...
International

TS Isaac Nears Haiti with Heavy Rains; Remains on Course for Eastern Florida

In its bulletin issued at 5:00 a.m. EDT the national Hurricane Center in Miami described tropical storm Isaac as "poorly organized." As a ...

Philippine Police Arrest 357 Foreigners for Online Fraud

Philippine police say they have rounded up 357 foreigners accused of duping Taiwanese and Chinese citizens in an online scam. National ...

Typhoon Tembin Approaching Taiwan: AIR Analysis

According to catastrophe modeling firm AIR Worldwide, Typhoon Tembin, the 14th of the 2012 Pacific season, is "heading slowly for southern ...

Stenzhorn, Bateman Join Lloyd’s Broker Howden’s Energy Division

UK-based Howden Insurance Brokers announced the second phase in the development of its Energy division with the appointments of Greg ...

Best Assigns ‘B+’ Ratings to UAE’s Al-Sagr; Outlook Stable

A.M. Best Europe – Rating Services Limited has assigned a financial strength rating of 'B+' (Good) and issuer credit rating of "bbb-" ...

Ratings Recap: Oman Insurance, Abu Dhabi National, NLGIC, MEICO

A.M. Best Europe – Rating Services Limited has revised the outlook to stable from negative and affirmed the financial strength rating of ...
Join us August 30, Crimes, Torts, Negligence, Legal Liability and Insurance - New training from Insurance Journal's Academy of Insurance - Reserve Your Spot Today
Sponsored Content
Meet Marine Jeff Combs, Swett Warrior who lost his arm in Iraq Check it out.
Insurance Journal Blogs

Penny-Wise and Billion-Pound-Foolish in Florida

According to its official tourism marketing corporation, the State of Florida welcomed 87.3 million visitors in 2011, whose $67.2 billion ...

Join the Insurance Journal Network

Twitter Facebook LinkedIn


Insurance Journal TV

Video thumbnail

Agriculture Business Prepared for This Year's Drought

Record high temperatures in the Midwest have farmers facing the worst drought in over 20 year,...
Video thumbnail

Concord Specialty Risk Coverage Addresses New IRS Reporting Requirements

Managing General Underwriter Concord Specialty Risk, which specializes in reps and warranties...

TV icon Watch more videos at InsuranceJournal.tv

New Discussions in the Forums

Progressive Weasling?
Posted: Fri Aug 24 -- "Maybe Progressive erred in it's original determination of fault, who knows? Regardless, why would Progressive... FullAuto
Manufactured Home (in park) Insurance in Florida
Posted: Thu Aug 23 -- Thanks Florida agents, American Integrity is closed to the park and the surplus lines are quoting Lloyds HO8. Appreciate your replies....... agentagent
Motor Cycle dealer WC (CA)
Posted: Thu Aug 23 -- PEO is not an option. The account is too small anyway for a PEO. JAM
Wind Exposure-West Coast Florida
Posted: Wed Aug 22 -- Have you checked with any of the E&S Markets? Hull, Crump, or Burns-Wilcox? And, what about Orchid? They are writing tons of "with wind"... suba4004
Adding Value? Who Cares? And, who gets mad?
Posted: Tue Aug 21 -- I am somewhat bemused by all of the posts on this issue. It is my understanding in CA under the California Fair Claims Act and included in... mccluney
Insurance Pro AMS - Any experience?
Posted: Sat Aug 18 -- helllooo... I am asking for help..I had read all the posts on this topic, but I hadn't seen any superb feedback on Insurance Pro, which... bhratsharma
ARM
Posted: Thu Aug 16 -- If you work for a company go for the CPCU - start with your strongest subject, take them in backwards order and take two at a time - you can... gregsmith5

Reader Comments

Woman Sues Dallas Cowboys, Claims Bench Burned Buttocks
Posted: Thu Aug 23 -- Note to the jury - if the woman chose to sit, you must acquit! How do you not notice that the bench on which you're sitting is that hot? An American
Republican VP Pick Ryan Aims to Change Tax Break for Health Insurance Benefits
Posted: Sun Aug 19 -- Libby Said- " Ryan's plan (with the same $700B in cuts) changes medicare to a voucher system that some say will not be able to keep up... Sargent Major
N.J. Law to Restrict First Responders From Sharing Accident Photos
Posted: Fri Aug 17 -- I think it is sick that a first responder would even think to share those types of photos on any personal level; I understand taking the... What's wrong with this picture
2 Hurt by Text-Messaging Driver in N.J. Settle Lawsuit
Posted: Thu Aug 23 -- The lawyer, Weinstien, has gone to a new low level trying to say someone can be held liable if they are "electroniclly present". What a... John
Mississippi Woman Alleged to Be Habitual 'Slip and Fall' Claimant
Posted: Tue Aug 21 -- Three years isn't long enough. wvagt

Current Issue

August 20, 2012
Current Issue
Satire Issue (Funny stories, weird claims, reader submissions and wacky ad contest.)

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