Monday, August 20, 2012

Daily Headlines: Monday, August 20, 2012

Sponsored by: Zurich. For Automotive Dealerships. P and C + F and I = Total Solution. Click To Learn More..
Insurance Journal Daily Headlines
August 20, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Government Sends Message by ‘Super-Sizing’ Employment Bias Cases

It started with allegations of hangman's nooses, graffiti and racist comments targeting a handful of black workers at a trucking company ...

Aetna to Buy Rival Coventry Health for $5.6 Billion

Health insurer Aetna Inc. said on Monday that it would buy rival Coventry Health Care Inc. for $5.6 billion to increase its share of the ...

Clothes Dryer Fires Cost $35 Million a Year

An estimated 2,900 clothes dryer fires in residential buildings are reported to U.S. fire departments each year and cause an estimated $35 ...

Beazley Forms Data Breach Response Business Unit

Beazley has established BBR Services, a new business unit dedicated to helping clients that have suffered a data breach manage the ...

Business Risk Partners to Offer LIU-Backed E&O, D&O Coverage

Program administrator Business Risk Partners (BRP) will underwrite three additional programs in professional and management liability ...

From MyNewMarkets.com Hard Market Generates New E&O Challenges for Insurance Agents

The soft market has made the job of insurance agents very difficult the last few years. Competition has been extremely fierce, and premiums...
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.
East

N.J. Reminds Insurers to Provide $250K as Default PIP Coverage Option

New Jersey regulators recently reminded personal auto insurers and producers that they must offer a $250,000 coverage limit as the default ...

Maryland’s Dog-Bite Liability Bill Fails in Special Session

A measure that Maryland lawmakers hoped would address liability concerns relating to a court ruling on dog bites by pit bulls has died in ...

NAMIC Taps Hanover Ins. Exec for Northeast State Affairs Manager Role

The National Association of Mutual Insurance Companies (NAMIC) named John Murphy as its state affairs manager for the Northeast region. ...

SIAA Added 6 New Agency Members in Northeast Region in July

The Strategic Insurance Agency Alliance (SIAA), a national alliance of over 4,000 independent insurance agencies, has added six new agency ...
Secrets of Insuring Restaurants: Overview of Restaurant Coverage New training from Insurance Journal's Academy of Insurance - Reserve Your Spot Today
Midwest

Iowa Brokerage Founder Pleads Not Guilty to Fraud

The founder of an Iowa-based brokerage pleaded not guilty on Aug. 17 to fraud charges in a suspected $200 million embezzlement scheme that ...

Michigan Family Donating Settlement in Police Shooting

Money from a $2.2 million court settlement over the death of a 29-year-old man who was fatally shot by a Michigan police officer in 2010 ...

Pfeffer Appointed EVP at StoneHill Reinsurance Partners

Jonah Pfeffer, a reinsurance broker whose 15-year career includes work with clients in specialized casualty market segments, has joined ...

Midwest Drought Causing Cracks in Basement Walls

Many homeowners in Missouri are seeing the impact of the drought with cracked walls in the basement, forcing thousands of dollars in repair ...

Suit Alleges Missouri Jail Guards Made Inmates Fight

A lawsuit filed on Aug. 17 alleges that St. Louis, Mo., jailers forced inmates to fight each other for the amusement of guards and bet on ...
The Legal and Contractual Aspect of Insurance - New training from Insurance Journal's Academy of Insurance - Reserve Your Spot Today
Southeast

Florida’s Citizens Promises Changes to Mitigation Savings Program

Responding to criticism over its home inspection program, officials of Florida's policyholder-backed insurer said they will no longer ...

West Virginia Workers’ Comp Rates Going Down 9%

West Virginia employers' rates for workers' compensation  are heading down again after regulators approved a statewide average 9.1 ...

Mississippi Man Charged with Oil Spill Claims Fraud

A Columbia, Mississippi man is under federal indictment for allegedly filing $10,000 worth of false claims for Deepwater Horizon oil spill ...

BOLT Buys 2 Agencies, Opens Florida Office

The Business Owners Liability Team (BOLT) insurance agency is opening a regional office in Sarasota after acquiring two Florid agencies. ...

USI Acquires Florida’s Suncoast Associates

USI Insurance Services has acquired Suncoast Insurance Associates Inc., a Tampa, Florida-based insurance brokerage specializing in ...

Richardson Joins Lockton in Southeast

Jason Richardson has been named chief operating officer of Lockton's Southeast operations with responsibility for offices in Atlanta, ...

Aon Risk Solutions Hires Construction Services Executive in Atlanta

Aon Risk Solutions, the brokerage and risk management business of Aon plc, recently announced the addition of Wesley Williams as surety ...
South Central

Texas Jury Awards Nearly $1M to West Nile Victim

A Texas jury has awarded nearly $1 million to a Union Pacific worker who sued the railroad after claiming he was infected with West Nile ...

Jones Joins Alliant Insurance Services in Houston

Newport Beach, Calif.-based specialty insurance brokerage firm, Alliant Insurance Services, announced that Jerry D. Jones has joined the ...

Search for Suspected Arsonists Continues in Oklahoma

The search for arsonists suspected of starting wildfires in central Oklahoma is ongoing, state and local authorities say, but with little ...

Storms Flood Streets, Collapse Buildings in Dallas

Strong thunderstorms dumping as much as 4 inches of rain flooded streets, trapped drivers and collapsed buildings in Dallas on Aug. 18. ...
West

Bondholders, Insurers Challenge San Bernardino Bankruptcy

Bondholders and bond insurers are challenging the eligibility of San Bernardino, California, to file for bankruptcy protection, claiming ...

Calif. Sues Doctor Over Aggressive Billing Tactics

The California attorney general's office is suing a Los Angeles County doctor over her practice of refusing to accept lower insurance ...

Pershing County Fires Back At Burning Man Suit

Pershing County officials are taking exception to claims by Burning Man organizers that a new ordinance that would raise fees is intended ...

Santa Fe Couple Sue Resort After Fall

A Santa Fe couple is suing an area resort for injuries they say they received were hurt in a fall down a steep hill after employees ...

Alaska Gov. Seeks Salmon Fishery Disaster Declaration

Gov. Sean Parnell is requesting that a federal disaster declaration be issued for Upper Cook Inlet salmon fisheries because of very weak ...

Calif. Workers' Comp Deal Gains Support of Government

A workers' compensation proposal for California is getting the backing of the Department of Industrial Relations as well as seeming ...
International

Tropical Storm Helene Weakens as it Passes over Mexico’s East Coast

Tropical Storm Helene made landfall off the Gulf of Mexico on Saturday and weakened into a tropical depression as it plowed up Mexico's ...

UPDATE: Hurricane Gordon Passes Azores; Expected to Weaken

In a bulletin issued at 5:00 a.m. AST, The National Hurricane Center in Miami said Hurricane Gordon has passed "through the Eastern Azores ...

Ambiental Flood Experts in Partnership with Aon Benfield Research

Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, announced that it has expanded its Aon Benfield Research ...

Arc Legal Launches e-Underwriting Legal Expense Plan for Families, Landlords

London-based Arc Legal Assistance announced the launch of "two legal expenses schemes for e-Underwriting, the new division of OIM ...
Sponsored Content
Meet Marine Jeff Combs, Swett Warrior who lost his arm in Iraq Check it out.

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

Motor Cycle dealer WC (CA)
Posted: Mon Aug 20 -- Who writes class code 8400 (CA) motor cycle dealers. So far I have only found Chartis. Anyone? JAM
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
Adding Value? Who Cares? And, who gets mad?
Posted: Fri Aug 17 -- I would suggest to the policyholder that the policy be read and follow the Claims Reporting Procedures that is made part of all policies.... jackwehoca
Progressive Weasling?
Posted: Fri Aug 17 -- If you will read the Progressive response, you will see that the case went to trial because there were conflicting witness stories. Death... rjw
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
Agent no legal duty to inform on cancellations?
Posted: Tue Aug 14 -- 15 Years ago, we were sued by an ex-client who said that we had not told her she was out of force and got into an accident 6 months later.... justthere

Reader Comments

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. Upholds Law Requiring Young Drivers' License Decal
Posted: Mon Aug 13 -- Another example of how "government" - the Legisature and the judicial activist courts, are intruding on the lives of people. And, of course,... Expert
Obama to Encourage States to Build Health Exchanges
Posted: Wed Aug 15 -- Go ahead and insult away. I do not have hate in my heart. I just think Bush was/is a fool, a terrible president, an idiot, and severely... Libby
N.Y. Man Harnesses Social Media to Protest Against Progressive
Posted: Wed Aug 15 -- I have friends who have been scathing Progressive for this, but I've kept my mouth shut being in the biz. It seems heartless, but a contract... Tony
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

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