Wednesday, August 22, 2012

Daily Headlines: Wednesday, August 22, 2012

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Insurance Journal Daily Headlines
August 22, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Jury to Begin Deliberating Patent Disputes Between Apple, Samsung

Apple Inc.'s worldwide legal crusade against the Android mobile operating system drew toward a climax on Tuesday as the iPhone maker's ...

Glatfelter Religious Practice Adds New Large Account Market, Names President

Glatfelter Program Managers (GPM), a business unit dedicated to Glatfelter Insurance Group's program business, has announced Shawn T. ...

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 ...

Road Tests of ‘Talking’ Cars Underway

Nearly 3,000 cars, trucks and buses that can "talk" began traveling the streets of Ann Arbor, Michigan today as part of a year-long safety ...

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,...
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East

Maryland Officials Encourage Crop Insurance, Boost Advertising Budget

Maryland agriculture officials are encouraging farmers to buy crop insurance.Steve Connelly, an Agriculture Department marketing ...

5 Conn. Firms Cited for Paying Workers Off the Books, Evading WC Laws

Connecticut authorities said this week that five subtracting firms at a large Stamford construction site have been cited for alleged wage ...

Mass.-Based Insurer A.I.M. Mutual Hires Former Guy Carpenter Executive

A.I.M. Mutual Insurance Companies, a workers' compensation insurer based in Burlington, Mass., has appointed industry veteran Michael ...

Penn. Regulator Advises College Students to Check Insurance Needs

As college students return to campus to begin the new academic year, Pennsylvania Insurance Commissioner Mike Consedine reminds families to create ...
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Midwest

XL Group’s Marine Insurance Team Expands in Chicago

The Marine insurance operation of XL Group plc has expanded its regional underwriting capabilities in Chicago, adding Pete Shepeck, Brian ...

Homeowners Around Minnesota Lake Sue Farmers, Claiming Pollution

Homeowners who live on the shores of Lake Independence near Minneapolis, Minn., say a dairy farm is to blame for turning the lake into a ...

More Fargo, North Dakota Properties Might Need Flood Insurance

Several thousand property owners in North Dakota's largest city could fall under federal flood insurance requirements based on a ...
Southeast

Mississippi Supreme Court Orders Damages Recalculation in Police Chase Case

The Mississippi Supreme Court has let stand a ruling that a Hinds County judge erred in determining how the much the city of Jackson was ...

In East Tennessee County, School’s in Recess for Week Due to Sinkhole

There will be no school all week for students at an East Tennessee elementary school after a deep sinkhole opened near the building. ...

RiskMeter Adds Premium Tax Assessment Data, Effective Dates

RiskMeter Online, a provider of real-time natural hazard risk reports, has added premium tax assessment data and effective dates to its ...
South Central

The Republic Group Announces Officer Appointments

The Republic Group, headquartered in Dallas, has made several executive appointments. Ron Lawson has been appointed vice president, ...

Arkansas’ Fire Danger Lowered from Extreme to High

The Arkansas Forestry Commission has lowered the wildfire danger for Arkansas from extreme to high because of scattered rain across the ...

Texas Wind Pool: $800M Available for Claims Should Storm Hit Coast

Going into the peak time of the year for hurricane development, Texas' property insurance company of last resort in coastal areas has ...
West

Lawsuit Says Travel Agencies Conspired With Hotels

A California lawsuit claims online travel agencies like Travelocity conspired with hotels to fix room prices nationwide. The suit filed ...

Calif. Workers' Comp Losses, Expenses Reach Over $12B

A report issued on Tuesday by the California Workers' Compensation Institute shows workers' comp insurers' loss and expense payments ...

Bill to Align California with Dodd-Frank Passes Legislature

The California State Legislature has passed Senate Bill 1216, which aligns California law with the Dodd-Frank Wall Street Reform and ...
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International

TS Isaac Forms in Atlantic; Strengthening Expected; Could Hit Florida: NHC

For the past week the National Hurricane Center in Miami has been monitoring a low pressure system that formed off the Cape Verde Islands. ...

Asia’s Iran Crude Oil Imports to Regain Levels Prior to EU Insurance Ban

Asia's crude imports from Iran are set to recover in September to levels reached before a July 1 insurance ban by the European Union ...

Best Upgrades NIPPONKOA’s Ratings to ‘A+’; Affirms Subs

A.M. Best Co. has upgraded the financial strength rating (FSR) to 'A+' (Superior) from 'A' (Excellent) and the issuer credit rating (ICR) ...

Best Affirms Sompo Japan’s ‘A+’ Ratings; Subs Ratings

A.M. Best Co. has affirmed the financial strength rating (FSR) of 'A+' (Superior) and issuer credit rating (ICR) of "aa-" of Sompo ...

Ratings Recap: Omega Insurance, Al Ittihad, Alliance

A.M. Best Europe – Rating Services Limited has removed from under review with negative implications and affirmed the issuer credit rating ...
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Sponsored Content

Atlas General Insurance Services Named One of the Best Places to Work in San Diego in 2012 by the San Diego Business Journal

San Diego, CA, 8/22/12 – The San Diego Business Journal announced the rankings last week for the San Diego Business Journal's Best ...
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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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Concord Specialty Risk Coverage Addresses New IRS Reporting Requirements

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

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New Discussions in the Forums

Progressive Weasling?
Posted: Wed Aug 22 -- Nationwide never contested liability. Progressive did not accept that Nationwide was 100% liable so they wouldn't have to pay out the UM... FullAuto
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
Manufactured Home (in park) Insurance in Florida
Posted: Tue Aug 21 -- Does anyone know of a a market other than Citizens MHO3 or LLoyds HO8 for a manufactured home in a park? With the limited coverages on both... agentagent
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

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
Mississippi Woman Alleged to Be Habitual 'Slip and Fall' Claimant
Posted: Tue Aug 21 -- Three years isn't long enough. wvagt
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
Future Impact of Self-Driving Cars Would Be Big: Study
Posted: Wed Aug 15 -- This is ridiculous. The only way for an integrated self-driving car "system" to work is for EVERYONE to have one so the cars can be... Bones

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