Tuesday, September 11, 2012

Daily Headlines: Tuesday, September 11, 2012

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Insurance Journal Daily Headlines
September 11, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Premiums for Employer-Sponsored Family Health Insurance Rose 4% This Year: Kaiser

Annual premiums for employer-sponsored family health coverage reached $15,745 this year, up four percent from last year, with workers on ...

Travelers' CEO Fishman: Rate Increases Continuing

Insurance rates continued to rise in the third quarter for both businesses and individual customers, extending the pricing power that ...

CRC/Crump Acquires Preferred Brokerage Unit of Preferred Concepts

CRC|Crump has signed an agreement with Preferred Concepts in New York to acquire select assets of the company's Preferred Brokerage ...

Energi Expands Presence With Three New Offices

Energi, a developer and underwriter of insurance products, has opened three new satellite offices across the United States to better serve ...

Guarantee Insurance Co. Now Writing Workers Comp. in Ore., S.D.

Patriot National Insurance Group, a provider of workers' compensation coverage, has announced its subsidiary Guarantee Insurance Co. is now ...

PURE Expands Appetite to Cover Personal Watercrafts

Privilege Underwriters Reciprocal Exchange (PURE), the member-owned property/casualty insurer of high-value homes and property, has ...

U.S. Treasury Sells $18 Billion of AIG Stock, Cuts Stake to 19%

The U.S. government cut its stake in American International Group Inc. to 19 percent on Monday, making a profit of $12.4 billion on the ...

U.S. Treasury Expects $12.4 Billion Profit from Investment in AIG

The U.S. Treasury said on Monday it expects to raise $18 billion from its sale of American International Group shares, representing a ...

From MyNewMarkets.com Private Insurers in Line to Take 150,000 Policies from Florida's Citizens

Four Florida-based property insurers have been given the green light to remove up to 150,000 policies from the state-backed Citizens...
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East

Status of World Trade Center Site, 11 Years Later

Eleven years after terrorists attacked the World Trade Center, the new multibillion-dollar World Trade Center once again dominates the ...

Judge Dismisses Velvet Underground Copyright Claim vs. Warhol Over Banana

A federal judge has dismissed part of The Velvet Underground's lawsuit accusing the Andy Warhol Foundation for the Visual Arts of violating ...

Marsh Promotes Flynn to Lead Insurance Services Businesses in New York

Marsh, the insurance broking and risk management division of Marsh & McLennan Cos., has promoted Liz Flynn to the newly created position of ...

Conn.-Based Rocaton Investment Advisors Expands Its Insurance Division

Rocaton Investment Advisors, an investment advisory consulting firm based in Norwalk, Conn., has expanded its insurance team with the ...

Government to Cover Cancer Treatment for 9/11 Responders

The 70,000 surviving firefighters, police officers and other first responders who raced to the World Trade Center after the attacks of ...
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Midwest

Court: Ohio Prison Nurse Can Be Sued in Death

A prison nurse isn't immune from being sued over an inmate's 2009 death following a violent seizure from alcohol withdrawals, a federal ...

Pedestrian Deaths on the Rise in Minnesota

Minnesota safety officials say the number of pedestrian deaths has risen sharply this year. Twenty-three pedestrians have died in Minnesota ...

North Indiana Sheriff Aims to Reduce Buggy Crashes

The Elkhart County Sheriff's Department is teaming with an Amish group known as the Northern Indiana Safety Association to try to educate ...
Southeast

Alabama Law Requires Ignition Locks for Drunk Drivers

A new law in Alabama requires motorists convicted of drunken driving to install ignition interlocks on their vehicles, although police have ...

Tennessee Shifting Driver's License Renewals to Self-Service Kiosks, iPads

Tennessee residents needing to renew or replace their driver's licenses could be using self-service kiosks by November. The Commercial ...
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South Central

Univ. of Louisiana-Monroe Lands Contract for Insurance Research

The University of Louisiana-Monroe College of Business has been awarded a research contract from the Louisiana Department of Insurance to ...

Howell Named Benefits VP, Account Executive at Watkins Insurance Group

Brent Howell has been named vice president and account executive of Austin, Texas-based Watkins Insurance Group's Employee and Group ...

Gibaltar Group Adds Baker as VP of Information Security

The Gibraltar Group, a risk and insurance advisory firm based in Lubbock, Texas, announced it has appointed Dr. Bruce Baker as vice ...
West

Risk Of Lawsuits Preventing Abandoned Mine Cleanup In Coloroado

Colorado mining authorities have dug through a mountainside and reopened the dark granite shaft of an abandoned mine that turned deadly, ...

EPIC Names Rowe Business Development Executive for Programs Group in California

San Ramon, Calif.-based Edgewood Partners Insurance Center named Connie Rowe vice president and business development executive in the ...

Kauai County, Hawaii Settles Racial Harassment Complaint

Kauai County, Hawaii will pay $120,000 to settle a federal case by a former assistant prosecuting attorney who claimed she was subjected ...

New Mexico Jury Awards $2M For Botched Back Surgery

A Santa Fe jury has awarded $2 million to a man whose back surgery was so badly botched he suffered cardiac arrest and required three more ...

Metrolink Victims in California Claim Inadequate Compensation

As the fourth anniversary of a deadly Metrolink crash approaches, many survivors of the incident in Southern California say a federal ...

Arizona School District Settles Lawsuit With Ex-School Psychologist

The Tucson Unified School District in Arizona has agreed to pay a former school psychologist $180,000 to settle a retaliation claim. Rose ...
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International

Reinsurance Industry Exhibits Stability: Aon Benfield

In the past 12 years, only eight reinsurers have been declared insolvent despite paying claims of more than $150 billion from events ...

U.S. Mergers & Acquisitions Most Active Worldwide: Clyde & Co.

Merger and acquisition trends in the United States trended upward from 2009 to the first half of 2012, a new industry report reveals. So ...

U.S. Regulators Add Tool to Track Insurers Operating Globally

State insurance commissioners in the U.S. have agreed to adopt a code that helps track insurers doing business in multiple countries. The ...

Worth Named CFO at Aspen

Aspen Insurance Holdings Ltd. in Bermuda has appointed John Worth as group chief financial officer of the company, effective Nov. 1. He ...

OneBeacon Technology Names Morrison AVP, International

OneBeacon Technology Insurance (OBTI), a member of OneBeacon Insurance Group, appointed Duncan Morrison as assistant vice president - ...

MAPFRE ASSISTANCE to Provide Travel Insurance to Africa's ASKY Airlines

MAPFRE ASSISTANCE has signed an agreement with ASKY Airlines whereby it will automatically provide travel insurance to all its passengers. ...
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Predictive Modeling 1: Origins in Insurance

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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

Track Your CSR's Daily Sales Activity
Posted: Mon Sep 10 -- Earlybird, what management system do you currently use and are you satisified with it? Looking to improve effectiveness and be able to track... jackwehoca
Adding Value? Who Cares? And, who gets mad?
Posted: Mon Sep 10 -- Pretty much what I was afraid would happen -see my comment 8/17/12. We have turned into a litigious society and hopefully they are just... jackwehoca
Truckers Workers Comp
Posted: Mon Sep 10 -- I have a PEO market with a base rate of 20.37. Could receive further discount because of good loss history. Give me a call if PEO is a... Chad Filley
Independent Agency Growth Rate
Posted: Mon Sep 10 -- If you are a member of the Independent Insurance Agents and Brokers of America, I suggest a review of IIABA "Best Practices" program... jtownagent
Do you use online leads services?
Posted: Fri Sep 7 -- I agree with charlie. Sometimes you have to pay just to get leads failing to think that since it's for sale, it's up for grabs for a dozen... robmejia

Reader Comments

Employers Committed to Offering Health Plans; Cost Seen Going Up 5.3% in 2013
Posted: Wed Sep 5 -- Unemployment at 8.3% on Obama's inauguration date 7.7 Foodstamps given up 87% from inauguration date. National Debt 10.5 Trillion on Obama's... Sarah
California State Fund Restructures Broker Distribution
Posted: Tue Sep 4 -- How to screw the small business/agency plant. CSP
Private Insurers in Line to Take 150,000 Policies from Florida's Citizens
Posted: Fri Sep 7 -- At least these are established carriers that we've had dealings with before. No more "Magnolia" incidents please!!! Mr. Solvent
Texas in November to Open 85 Mph Toll Way
Posted: Fri Sep 7 -- The problem isn't the speed limit. It's the moron's driving on our roads that are unprepared for driving in the first place. I have a friend... Seriously?
Planners Craft Strategies to Help High-Earners Skirt New Healthcare Taxes
Posted: Fri Sep 7 -- The time to stop talking about tax reform and doing something about it has come. It may take a taxpayer revolt to get it going and... Agent

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September 10, 2012
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