Monday, September 17, 2012

Daily Headlines: Monday, September 17, 2012

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Insurance Journal Daily Headlines
September 17, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

More Employers Offering Consumer-Driven Health Plans: Survey

Consumer-driven health plans (CDHPs) have surpassed health maintenance organizations to become the second most common plan design offered ...

FDIC Director Says U.S. Should Reject Basel III Pact

The United States should reject Basel III bank capital standards if the international panel that drafted them does not make dramatic ...

Employees Staying Put Even If Unhappy: Talent Survey

As high unemployment persists and the global economic recovery remains halting and uneven, the "resume tsunami" appears to have been ...

Top 5 Reasons Employees Leave and Stay

Who is leaving companies and why and how do employers hold onto key employees? The incentives to get employees to stay are not exactly the ...

Swett & Crawford Announces Senior Management Changes

Swett & Crawford, based in Atlanta, has made several changes to its senior management team. Shaun Hooper, who moved from Swett & Crawford's ...

Zerkovich Joins P/C Insurance Advisory Organization AAIS

Joan Zerkovich has been named senior vice president of operations for the American Association of Insurance Services (AAIS), a national ...

Insurer Group PCI Names Wienecke as Senior VP for Government Relations

The Property Casualty Insurers Association of America (PCI) has named Nathaniel F. Wienecke its senior vice president, federal government ...

Real Estate Matters Top List of Legal Malpractice Claims in New ABA Survey

For the first time since the American Bar Association began conducting surveys of legal malpractice insurance claims beginning in 1985, ...

From MyNewMarkets.com Holiday Season Already Underway for Insurers of Seasonal Events

Ready or not, the holidays are right around the corner. And like retail stores and other holiday specialists, insurers are preparing for...
Designing Producer Compensation Plans - New training next week from Insurance Journal's Academy of Insurance - Reserve Your Spot Today
East

Connecticut Attracts Its Second Captive Insurer

Connecticut Governor Dannel Malloy announced last week that Stanley Black & Decker is moving its captive insurance subsidiary, SBD ...

Former N.J. School Chief Sentenced for Insurance Kickback Scheme

The heralded former superintendent of New Jersey's fourth-largest school district was sentenced last Friday to 11 years in prison in a ...

New Hampshire Officials Highlight Importance of Emergency Preparedness

New Hampshire's homeland security chief is urging residents to plan for emergencies this month during National Preparedness Month. Chris ...

The MEMIC Group Appoints Safety Management Consultant in N.H.

The MEMIC Group, a workers' compensation insurer headquartered in Portland, Maine, appointed Scott Valorose as a safety management ...
Designing Producer Compensation Plans - New training next week from Insurance Journal's Academy of Insurance - Reserve Your Spot Today
Midwest

Klonk Named CEO of Oswald Companies

Marc S. Byrnes, current chairman and chief executive officer of Cleveland, Ohio,-based Oswald Companies, announced he will transition his ...

North Dakota Yanks Insurance Agent's License over Alleged Forgery

North Dakota Insurance Commissioner Adam Hamm has revoked the license of Bismarck agent Samuel Neutgens for alleged forgery. Hamm says ...

SIAA Adds Midwest Agencies

The Strategic Insurance Agency Alliance (SIAA) announced 30 new member agencies in August; among them are several agencies located in ...
Southeast

Mississippi Workers' Comp Drug Testing, Benefits Changes Go Into Effect

Insurers and employers in Mississippi now have greater latitude to conduct alcohol and drug tests on employees following a workplace ...

Mississippi Trial Set for Kmart Complaint Against FEMA Flood Mapping

A federal judge has set a trial date in a lawsuit over 2010 flooding at the Kmart in Corinth. The Daily Corinthian reported that the trial ...

Second Man Pleads Guilty in Grisly South Carolina Insurance Fraud

A second man has pleaded guilty in connection with an insurance scheme that cost a mentally disabled man his left hand. U.S. Attorney Bill ...
South Central

Louisiana Citizens Pays $61M to Settle Katrina, Rita Claims

Louisiana's insurance company of last resort agreed on Sept. 13 to settle two remaining class-action lawsuits tied to claims handled after ...

Louisiana Citizens: More than 13,000 Claims from Isaac so Far

Louisiana's property insurer of last resort says Hurricane Isaac has resulted in over 13,000 claims and they expect more to come. Vice ...

Despite Fees Paid, Fewer Inspections for Dallas Restaurants

Dallas city officials for two years now have been using money intended for restaurant health inspections to cover budget shortfalls in ...
West

Wyoming Lower Court to Reconsider Errant Golf Ball Lawsuit

A lawsuit filed by a golf tournament spectator who got whacked in the head by a golf ball is headed back for another round in court ...

Judge Fines Las Vegas Sands Corp. $25,000 in Termination Lawsuit

A Nevada judge has fined Las Vegas Sands Corp. $25,000, citing its failure to disclose important information in a lawsuit filed by a fired ...

Young Illegal Immigrants May Get Driver's Licenses

When 17-year-old Alondra Esquivel needs to get from her rural central California home to classes at Fresno State University 20 miles (32 ...

Lawsuit Claims Bird Attack On Maui Golf Course

A golfer is suing Maui County, Hawaii for a bird attack. Ray Sakamura claims in his lawsuit that he was attacked by a large bird at the ...

SIAA Adds Three in West

Hampton, N.H.-based The Strategic Insurance Agency Alliance added three members in the West in August. SIAA added 30 total for the month. ...
International

Re/insurers Increasingly Less Relevant to Global Economy: XL CEO McGavick

XL's CEO doesn't mince words when it comes to looking at the big, and not very pretty, picture of the state of the re/insurance industry. ...

Cat Models - More Accurate, More Sophisticated and More Useful

Catastrophe models have become such an indispensable tool for re/insurers, particularly those who write p&C catastrophe coverage, that ...

US Renews Waivers of Iran Sanctions for Japan, EU Nations

The United States has renewed waivers on Iran sanctions for Japan and 10 European countries because they cut their purchases of the OPEC ...

US Brokers' Employees Attend London's Beazley Broker Academy at Lloyd's

A bulletin from Lloyd's notes that "high potential employees from US broking firms will spend the coming week in London, standing in the ...

Commentary by Gordon Brown:* Europe Risks Going the Way of Japan

The good news is that Europe is no longer going the way of Greece. The sad news is that it is threatening to go the way of Japan. After ...

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Predictive Modeling 1: Origins in Insurance

Few developments have altered the insurance business as much as predictive modeling and more...
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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

Homeowners Insurance with open claim
Posted: Sun Sep 16 -- If this nonrenewal is due to the client filing an excessive amount of non weather claims, the client may by S.O.L. as far as finding... lonestar
Selling a complementary product alongside insurance policies
Posted: Sat Sep 15 -- Thank you, Rob. I sponsored a regional insurance trade show earlier this month and got some interesting feedback. My takeaway from that was... wiseleo
Reliable Car Insurance Quotes
Posted: Fri Sep 14 -- I'm looking to get car insurance, which unfortunately, I don't know too much about... I'm trying to do research, but it seems like I get a... accelery
Wind Exposure-West Coast Florida
Posted: Fri Sep 14 -- Couldn't the wind just be added in the acts of god/nature clause? robmejia

Reader Comments

Maryland Man Sued Over Travel Insurance Policy on Missing Companion
Posted: Wed Sep 12 -- Anyone out there want to take a trip to the Everglades? Just get me the exact spelling of your name and your DOB. Let me know when you'll be... Al E. Gator
Mississippi Court Rules Wal-Mart Not Liable in Gun Ammo Sale to Underage Shooter
Posted: Mon Sep 10 -- The employee admitted he knew it was going to a minor. What would happen in a similar scenario if an employee sold beer, knowing it was... Captain Planet
Florida's Citizens' Plan for Loans to Private Insurers Criticized
Posted: Mon Sep 10 -- By Citizens' own admission their rates aren't sufficient for the risk. Mr. Solvent
Length of Yellow Traffic Lights Could Prevent Accidents
Posted: Thu Sep 13 -- That, and the fact that you make people who want to turn left make three rights instead. youngin'
Judge Dismisses Velvet Underground Copyright Claim vs. Warhol Over Banana
Posted: Tue Sep 11 -- "Art is whatever you can get away with." Andy Warhol Philly Femme

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