Tuesday, August 14, 2012

Daily Headlines: Tuesday, August 14, 2012

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Insurance Journal Daily Headlines
August 14, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Obama to Encourage States to Build Health Exchanges

The Obama administration this week will try to encourage reluctant U.S. states to move forward with health insurance exchanges amid fears ...

Luxury Cars Lag in Frontal Crash Safety: IIHS

Only 3 of 11 midsize luxury and near-luxury cars evaluated earned good or acceptable ratings in the insurance industry's latest tests ...

Community Associations Grow by Number and Exposure

In 2011, more than 62 million people lived in residential homes governed by a community association, including homeowners associations, ...

AIR Worldwide Now Offering Builder's Risk Capability

AIR Worldwide (AIR) has expanded its offerings for commercial insurers with a capability for determining losses from natural catastrophes ...

Arkansas, California Teen Golfers Are Trusted Choice National Champs

Trusted Choice announced that Summer Roachell of Conway, Ark. and Austin Smotherman of Loomis, Calif., won the girls and boys divisions, ...

From MyNewMarkets.com Five Years Later: The Doctor's Co. Tribute Plan Benefits More Than Just its Members

When The Doctors Co. launched The Tribute Plan back in 2007, the goal of the program was to reward members for their loyalty to the medical...
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East

N.Y. Businessman Charged With $10M Insurance Fraud Scheme

A businessman who owned fleets of commercial vehicles in New York is accused of defrauding insurers of at least $10 million. The defendant, ...

ACE USA Names EVP for Medical Risk, Life Sciences Unit in N.J.

ACE USA, the U.S.-based retail operating division of the ACE Group, has appointed Caroline Clouser as executive vice president of the ...

Maryland Senate Approves Strict Liability for All Dog Bites

The Maryland Senate has voted to change a state law so that it creates a strict liability standard for owners of all dogs, not just pit ...

Mass.-Based Insurer A.I.M. Mutual Names Information Technology Manager

A.I.M. Mutual Insurance Companies, a workers' compensation insurer based in Burlington, Mass., has promoted Abi Troy to information ...
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Midwest

Ohio Manufacturer Fined for Safety Violations, Amputation Hazards

The U.S. Department of Labor's Occupational Safety and Health Administration has cited Hebco Products Inc. in Bucyrus, Ohio, with 14 safety ...

Aon Risk Solutions Promotes McCorry, Williams in Detroit Office

Aon Risk Solutions has promoted LeAnne McCorry as national managing principal of the business and executive chairman of the Detroit, Mich., ...

McGowan Purchases Assets of CGA Associates

Fairview, Ohio-based McGowan Cos. announced it has purchased the assets of CGA Associates Inc. (CGA). Effective immediately, CGA will begin ...
Southeast

Florida Regulators Question Castle Key Rate Increases

Florida regulators are questioning the increases sought by two property insurers that could raise rates on some homeowners by more than 40 ...

Hunter Joins Lockton in Memphis Office

Kevin M. Hunter has joined insurance broker Lockton Companies as a risk management advisor and producer based in the insurance broker's ...
South Central

Fireman's Fund, TAGA Donate Funds for Swift Water Rescue Training

Tejas American General Agency (TAGA) in Cedar Park, Texas, has is partnered with Fireman's Fund Insurance Company to donate $5,000 to the ...

S.J. Louis Construction of Texas Cited for Safety Violations

The U.S. Department of Labor's Occupational Safety and Health Administration has cited S.J. Louis Construction of Texas Ltd. with one ...

Audit: Texas Traffic Fatalities Down Since 2006

A state audit indicates traffic fatalities in Texas have declined nearly 15 percent since 2006. Texas Department of Transportation ...
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West

Muslim Woman To Sue Disneyland Employer

A former Disneyland employee who says she was forbidden to wear a Muslim head scarf at work plans to sue the Walt Disney Co. for ...

New Mexico Man Sues Security Firm Over Pepper Spraying

A man has sued a security company after one of its guards pepper-sprayed him last month on the sidewalk in downtown Santa Fe, N.M. The ...

Haller Joints Yates

Jessica Haller has joined Tustin, Calif.-based managing general agent Yates. Haller will work in Yates Tustin office. Haller spent the last ...

Calif. Prop. 33 Language Stands

The language for an automobile persistency initiative will stand after the California Third District Court of Appeal on Monday denied an ...

Fireman's Fund Names Derossi Chief Operations Officer

Novato, Calif.–based Fireman's Fund Insurance Co. named Antonio Derossi its chief operations officer. Derossi will be responsible for ...
International

Euro Zone Skirts Slump; Reprieve Seen Short-lived

The euro zone economy narrowly skirted recession in the first half of the year, but austerity programs across the region and a debt crisis ...

New Storm Dumps More Rain on Flood-battered Philippines

A new storm is dumping more rain in the flood-battered northern Philippines a week after nearly 100 people died in a monsoon deluge that ...

Allianz Central and Eastern Europe Operations 1st Half Results

Allianz said its Central and Eastern Europe (CEE) operations "produced solid underlying results for the first six months of 2012 in ...

Hiscox Bermuda Appoints Palmer to Head Analytics and Research

Hiscox Bermuda has appointed Dr. Michael Palmer as Head of Analytics and Research for the group's Bermuda operation. He will report to ...

R K Harrison Hires Rees to Lead New Cyber Risk Practice

Employee-owned, London-based  insurance broker R K Harrison announced that David Rees has joined the firm to "head a dedicated cyber ...
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Sullivan Brokers Enhances Casualty Practice with Addition of Vicki Snow

Los Angeles, CA, 08/14/12 – Sullivan Brokers Wholesale Insurance Solutions is pleased to announce that Vicki Snow has joined the firm's ...
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Insurance Journal TV

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Agriculture Business Prepared for This Year's 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

Progressive Weasling?
Posted: Tue Aug 14 -- Is this true? Any agents out there know? Its the supposed story of a Progressive insured, killed wrongfully in a wreck, then denied payment... OldIndyAgent
Adding Value? Who Cares? And, who gets mad?
Posted: Mon Aug 13 -- From many years of experience on the company side, I always advise agents to have policyholders submit claims when the value of the claim is... Been around
Agent no legal duty to inform on cancellations?
Posted: Mon Aug 13 -- They are notified by the direct bill insurer. So there is no way they can claim that they weren't told. superdash8
ARM
Posted: Fri Aug 10 -- Thanks Big Dog. Since I'm new to the industry (and want to keep my underwriting options open, not just client-side), would it make more... dcornett
Selling a complementary product alongside insurance policies
Posted: Fri Aug 10 -- I've helped several customers to rebuild their businesses after they suffered catastrophic loss. From what I've experienced when working... wiseleo
Management Liability
Posted: Fri Aug 10 -- Another consideration: if the client has already contacted customers of their former employer, purchasing a policy today for acts committed... jackwehoca
Dave Ramsey
Posted: Fri Aug 10 -- Are you referring to any of his specific comments on insurance, or???? FWIW, he's highly regarded with respects to his counsel on personal... Big Dog
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

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
Miami-Dade County to Vote on Pit Bull Ban
Posted: Tue Aug 7 -- Ban them! Realist
Calif.'s 9th Circuit Hands Former NFL Player Worker's Comp Loss
Posted: Wed Aug 8 -- Until I read this, I was a Bruce Matthews fan. If you look up the amount of money he made while playing in the NFL, it is sickening. He made... Vlad the Impaler
New York Enacts Law Allowing Gifts Worth Up to $25 From Producers
Posted: Thu Aug 9 -- While the politicians receive gifts of equal to thousands of dollars, they "approve" of a gift limit of $25 for producers. You can't even... DES
Increased Chance of Above-Normal Atlantic Hurricane Season Despite El Niño
Posted: Fri Aug 10 -- Well there is an octopus in a tank in Miami at a sports bar. He predicts the super bowl winners and World cup winners every year. He thinks... Sarah

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