Thursday, August 9, 2012

Daily Headlines: Thursday, August 9, 2012

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Insurance Journal Daily Headlines
August 9, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Crash Reconstructionists Sort Out Reality from What People Claim

Crashes happen every day. Most of the time, they are simple fender benders and those involved own up to their mistakes. Sometimes, there ...

U.S. Judge Puts New Lawsuits Against Banks Over Libor on Hold

A federal judge on Wednesday suspended several new lawsuits that allege banks rigged key interest rates, saying she first needed to sort ...

Integro Buys UK Media Insurance Broker

New York-based Integro Insurance Brokers has acquired Allan Chapman & James Insurance Brokers Limited of Colchester, a United Kingdom ...

QBE Launches Packaged Protection for Business Owners

QBE is now offering business owners protection all in one package. Owners of small- to medium-sized companies may now insure their ...

Marsh & McLennan Q2 Profit Up 17%; Revenues Growing in All Divisions

Marsh & McLennan Companies reported on Tuesday $329 million net profit for its 2012 second quarter, a 17 percent increase from $282 million ...

From MyNewMarkets.com What to Know About the New Flood Insurance Program

If it were a dam or a levee, it would have been replaced ages ago. Yet the National Flood Insurance Program (NFIP) has stayed afloat despite...
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East

New York Enacts Law Allowing Gifts Worth Up to $25 From Producers

New York State Gov. Andrew Cuomo signed a bill this month that now allows property/casualty insurers and brokers to provide gifts worth up ...

N.Y. Man Pleads Not Guilty in Father’s Fake Death Plot

A New York man accused of helping his father try to fake his own death by falsely reporting that the elder man had disappeared while going ...

N.J.-Based Selective Insurance Announces 8 Officer Promotions

Branchville, N.J.-headquartered Selective Insurance Group this week announced the following promotions by its subsidiary, Selective ...

Cardinal Suing Obama Over Birth Control Coverage Invites Him to Dinner

New York's Roman Catholic cardinal is suing the Obama administration, but he's inviting President Barack Obama to dinner anyway. The ...
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Midwest

Indiana Fair Victims Settlement Clause Designed to Shield State

Indiana lawmakers presented their decision to offer an additional $6 million to victims of a deadly stage collapse at last year's state ...

Davenport Joins Sentry Insurance as Chief Financial Officer

James E. Davenport has joined Stevens Point, Wis., Sentry Insurance as Sentry's executive vice president and chief financial officer. ...
Southeast

Florida Could Face Lawsuits Over I-75 Crashes

A series of deadly January crashes on Interstate 75 could trigger more than a dozen lawsuits against the state of Florida. The Department ...

North Carolina Court Rules Wounded Passenger Can Sue Police

A North Carolina appeals court said a car passenger wounded during a police chase on Asheville roads five years ago can continue to seek ...
South Central

Texas Insurance Commissioner Responds to Consumer Email Campaign

Texas top regulator has posted a response to an email campaign addressing homeowners insurance rates and issues initiated by a consumer ...

Roach Howard Smith & Barton Adds Langford as Sales Exec

Greg Langford has joined Texas-based insurance brokerage Roach Howard Smith & Barton as a commercial sales executive for ...

Storm Damages 21 Homes in Oklahoma's Comanche County

Authorities say 21 homes in Comanche County were damaged by a summer storm that brought high winds and large hail. The storm moved into the ...

Louisiana School Board May Cut Costs with Less Insurance Coverage

Cutting property coverage in half could help the Tangipahoa Parish School Board in Louisiana save nearly $60,000 in overall insurance ...
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West

Chevron Response To No. Calif. Refinery Fire Under Criticism

Investigators were looking at how a small, seemingly insignificant leak at one of the country's biggest oil refineries quickly unraveled ...

Groups Sue EPA Over Oil Spill Dispersants

Environmental groups in five states are suing the federal government, claiming Environmental Protection Agency rules on chemical ...

FEMA Denies Expanded Aid To Fire Victims

The Federal Emergency Management Agency has rejected a request from Gov. John Hickenlooper for expanded aid to uninsured and underinsured ...

Lawsuits Claim Hawaii Homeowners Lost Millions

Lawsuits allege hundreds of Hawaii residents should have received higher prices when selling their homes through nonjudicial foreclosure ...

Survey: Small Business Optimism Drops, But Remains In Positive Territory

The Wells Fargo/Gallup Small Business Index fell six points to positive 17 in a survey conducted in July that reflects on the third ...

Yates Adds Cullinan in Northern California

Dan Cullinan has joined Tustin, Calif.-based managing general agent Yates in their Roseville office. Having spent the last nine years at a ...

EPIC Adds Yoo, Choi in Los Angeles

Edgewood Partners Insurance Center added Ryan Yoo and Ricky Choi in EPIC's Los Angeles office. Yoo and Choi are focused on growing EPIC's ...
International

Weakened Hurricane Ernesto Causes Minimal Damage

Hurricane Ernesto weakened to a tropical storm as it passed over Mexico's Yucatan Peninsula. According to catastrophe modeling firm AIR ...

Swiss Re Reports $83 Million Q2 Net Income; $717 Million in P&C

Swiss Re reported a net profit of $83 million for the second quarter of 2012, indicating that the figure was "impacted by the sale at a ...

AIR Update on Typhoon Haikui, as Storm Hits China

According to catastrophe modeling firm AIR Worldwide Typhoon Haikui, the 11th typhoon of 2012 Pacific season, made landfall in Hepu ...

ING Sees Quick Sales in Asian Insurance Break-up

Dutch banking and insurance group ING now expects a quick sale of parts of its $7 billion Asian insurance business as it seeks to repay ...

Aspen Restructures Regional Reinsurance Leadership

Bermuda-based Aspen Insurance Holdings Limited has announced changes to the management of its reinsurance segment (Aspen Re). Brian ...
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Agriculture Business Prepared for This Years Drought

Record high temperatures in the Midwest have farmers facing the worst drought in over 20 year,...
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New PURE Program Provides Extra Flooding Services for High-Value Homeowners

A new flood coverage suite from Privilege Underwriters Reciprocal Exchange, or PURE, now...

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New Discussions in the Forums

Management Liability
Posted: Thu Aug 9 -- We have a client insured with The Hartford for GL and E&O. They do software sales and consulting. They are very concerned that their Ex... JAM
Child Safety Alarm (MO)
Posted: Wed Aug 8 -- "Hotcoffee, It is possible.... but I need to know more about the process you are going through. You are saying you... hotcoffee
Agent no legal duty to inform on cancellations?
Posted: Tue Aug 7 -- I agree with Ins-atty's 8/7 post. Exercise common sense. My practice is to never call anyone about a late payment. My best customer (a large... ForumReader1
Track Your CSR's Daily Sales Activity
Posted: Thu Aug 2 -- "If the csr is doing their job they will not have time to write down ever phone call." I have to comment on this statement, with a... Brenda H
CPCU ??
Posted: Tue Jul 31 -- If you have experience in life issues, what is your goal? it is difficult to maintain an expertise is every line of insurance. I am... mccluney
National Agents Alliance? Legit or Keep Away?
Posted: Mon Jul 30 -- Dallas Viper should go to work for Farmers Ins. They sell the same load of c--p too. Since he believes in Fairy Tales he would fit right in... Presl70

Reader Comments

South Carolina Restaurant to Pay $1.1M in Drunk Driving Death
Posted: Tue Aug 7 -- Are you kidding me? How can the lawyers sleep at night? Those that are truly victimized always seem to lose. v
Md. Catholics Embark on 100-Mile Walk to Protest Birth Control Coverage
Posted: Thu Aug 2 -- Oh, and your opening comment is pure hyperbole. Being frustrated and fed up with the actions of the Catholic church does not make one a... Jon
Miami-Dade County to Vote on Pit Bull Ban
Posted: Tue Aug 7 -- Ban them! Realist
L.A. County Pays $2M To Settle Deputy Force Suits
Posted: Thu Aug 2 -- These idiots that are getting rewarded, all had issues to begin with. It's so easy to blame the police for wrong doing! Try making a... incognito
House Passes $383 million US Drought Aid Bill for Ranchers
Posted: Mon Aug 6 -- Yeah, but CalDude, that's not what Fox News lies about. Remember, President Obama has the US checkbook. Hence, "giving Obama a blank... Captain Planet

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