Friday, September 21, 2012

Daily Headlines: Friday, September 21, 2012

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Insurance Journal Daily Headlines
September 21, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Facebook IPO Lawsuits Likely to Be Heard by New York Judge

Facebook Inc. and most of its adversaries in a raft of lawsuits over its $16 billion initial public offering can agree on at least one ...

Best Affirms Factory Mutual and Subs 'A+' Ratings; Outlook Stable

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

Marsh & McLennan's Duperreault to Retire; COO Glaser to Become New CEO

Marsh & McLennan Companies Inc. announced that Brian Duperreault, 65, will retire as the company's president and chief executive officer at ...

Brandmovers Launches Promotional Risk Management Insurance Co.

Brandmovers, Inc. has launched Brandsurance, an industry-focused insurance company to work alongside their digital engagement initiatives. ...

Chartis Private Client Group Expands, Enhances Wildfire Protection Unit

Chartis has enhanced its Private Client Group's Wildfire Protection Unit with geographic expansion and improved monitoring technologies. ...

From MyNewMarkets.com Court Orders Rehabilitation for Home Value Insurance Co.

Home Value Insurance Co. was ordered into rehabilitation by an Ohio court on Aug. 31, 2012, and has been prohibited from selling insurance...
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East

Penn State to Bring in Victim Fund Veteran Feinberg

Penn State plans to bring in the man who ran the Sept. 11 victim fund and other major compensation programs to help it settle claims by ...

New Jersey Holds Its First Captive Insurance Summit

New Jersey regulators held their first captive insurance summit this Wednesday at the Imperial hotel in Somerset, N.J. The event, hosted by ...

Former Hackensack, N.J., Police Chief Sentenced for Insurance Fraud

A judge sentenced former Hackensack Police Chief Ken Zisa to five years in prison on Thursday. Zisa will remain free on bail while he ...

Ex-Maine Cheerleader Sues School for Injury Suffered During Practice

A former Poland Regional High School cheerleader has sued her coach and the school district for head injuries she says she received during ...
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Midwest

Chrysler Factory Employee Kills Co-Worker, Self in Detroit

An employee fatally stabbed a co-worker Thursday at a Chrysler factory in Detroit and then fled to a city park where he killed himself, ...

Ex-Cadets Seek Sanctions Against Kansas Military School

Former cadets of a Kansas military school have asked a federal judge to impose sanctions and order the school to release information about ...

Drought Area Expands in Northern U.S., Eases in South

The worst drought to hit the United States in a half century expanded in the upper Midwest and northern Plains states in the past week due ...

Man Sues Nebraska Claiming Gender Discrimination

A federal court in Nebraska will take up a lawsuit that accuses the Nebraska Department of Administrative Services of allowing a supervisor ...
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Southeast

Mississippi Insurance Losses from Isaac Under $25 Million

Private insurers expect to pay more than $24.3 million in claims in Mississippi as a result of Hurricane Isaac, Insurance Commissioner Mike ...

Lawsuit Over NFL Concussions Filed in Mississippi

A federal lawsuit filed in Mississippi on behalf of more than 50 former NFL players claims the league conspired to hide the dangers of ...

Florida Appeals Denial of Federal Disaster Aid for Isaac Damage

Florida Gov. Rick Scott is appealing the federal government's decision to deny additional aid for damage caused by Hurricane Isaac last ...

Digital Insurance Acquires North Carolina's Strategic Benefit Solutions

Employee benefits agency Digital Insurance in Atlanta has acquired Strategic Benefit Solutions of Raleigh, N.C., and merged it with its ...

Alabama Eases Senior Driver Discount Rules

Alabama senior citizens will have easier access to courses that can qualify them for automobile insurance premium credits under a new state ...
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South Central

Argo Group Names Betz President of U.S. Surety Operation

Argo Group International Holdings Ltd. has promoted Josh Betz to president of Argo Surety, Argo Group's Houston, Texas-based U.S. surety ...

Oklahoma Joins Suit Challenging Dodd-Frank Financial Overhaul

The State of Oklahoma has joined a lawsuit challenging the constitutionality of Dodd-Frank, a financial overhaul designed to "fix" the ...

No Surprise, I-35 Tops List of Texas' 100 Most Congested Roadways

A portion of Interstate 35 that traverses Fort Worth is the most congested roadway in Texas, according to the state Department of ...

Civil Lawsuit Filed in Tulsa Skyscraper Death

An Oklahoma woman accused of pushing her husband to his death from their high-rise apartment has filed a wrongful-death lawsuit against the ...
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West

Coloradoan Wins $7 Million In Popcorn Lung Lawsuit

A suburban Denver man who was diagnosed with "popcorn lung," possibly from inhaling the artificial butter smell of the microwave popcorn he ...

Montana Legal Group Gets $1.2M From Settlement Over Insurance Fees

State insurance officials say a Montana legal services charity will receive $1.2 million from a law firm that represented plaintiffs in a ...

Calif. Workers' Comp Reform Law at 'Halftime'

Editor's Note: This is the first in a series of articles to look at California's workers' compensation reform law in detail and what must ...

Report Points to Insurance Industry's Vulnerability to Climate Change

A report out Thursday urges the insurance industry to act to protect itself and the community against the increasing frequency of extreme ...

Poms Names Windom VP of Risk Management in Southern California

Woodland Hills, Calif.-based Poms & Associates Insurance Brokers Inc. named Jerry Windom vice president in the risk management group of the ...
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International

Insurers Face Tougher Times as Somali Piracy Drops

A dramatic fall in pirate attacks off the Somali coast is forcing down the cost of piracy insurance for commercial ships, taking the shine ...

WTO Cuts 2012 Global Trade Growth Forecast to 2.5%

World trade will grow by a mere 2.5 percent this year, dragged down by Europe to less than half of the previous 20-year average, the World ...

Ageas to Acquire Groupama Insurance (UK)

Dutch-Belgian insurance group Ageas (the successor to Fortis) has confirmed that it has signed an agreement, through its UK subsidiary, to ...

Boisseau Named to AXIS Capital Board; Charman Resigns Seat

Bermuda-based AXIS Capital Holdings Limited announcedthat  its Board of Directors has appointed Jane Boisseau as a member of the Board, ...

ACE Appoints Ashley, Henderson, Cassidy to Bermuda Reinsurance Unit

ACE has announced three appointments in its ACE Tempest Re Bermuda reinsurance unit: Wayne Ashley as Chief Underwriting Officer, ...
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Swiss Re's Chief Economist on the State of the Global Economy

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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 Discussions in the Forums

National Agents Alliance? Legit or Keep Away?
Posted: Thu Sep 20 -- I have read literally every single post on this forum plus dozens of other comments on sites regarding NAA and the big question about if... helenanana
CA Work Comp for Recycling Collection Center
Posted: Thu Sep 20 -- James, Thank you for your reply. Do you have a contact at USG I can use? Best regards, Sarkis InsureTime
Certificate of Insurance Tracking - Access or Excel Database
Posted: Wed Sep 19 -- Based on your question, one of your biggest concerns is that you don't want a solution that is going to cost you anything. Business... bcsaudit
Taxi Cab Insurance
Posted: Mon Sep 17 -- If you do not have direct access and know the market its a waste of time to try and write though a GA. Often they dont have the competitive... JAM

Reader Comments

Top 5 Reasons Employees Leave and Stay
Posted: Mon Sep 17 -- As the economy continues to improves, employers will see more and more employees leaving for lack of increased compensation. At that time,... MadDog
Lawsuit Claims Bird Attack On Maui Golf Course
Posted: Mon Sep 17 -- If you ask me, long before this attack on Mr. Sakamura, the golf course should have brightened up Tiny Tim's Christmas by giving him the... Rusty
Second Man Pleads Guilty in Grisly South Carolina Insurance Fraud
Posted: Mon Sep 17 -- Yep, they should have their hand's sawed off the same way. EyeForAnEye
Hanover Insurance Group Advises Dog Owners to Take Protective Measures
Posted: Wed Sep 19 -- "Avoid exposing the dog to new situations...." How about this, expose the puppy to every new situation you can! Early and often. A well... ssalz
Hurricane Isaac Washed Away Alabama's Sand Island
Posted: Tue Sep 18 -- Anyone else feel that rebuilding this island is a waste of resources? Grrrr....

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