Wednesday, September 26, 2012

Daily Headlines: Wednesday, September 26, 2012

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Insurance Journal Daily Headlines
September 26, 2012
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Today's Headlines

National

Court Reverses Landmark Katrina Ruling on Army Corps Liability

A federal appeals court reversed itself this week and threw out a judge's landmark ruling that the Army Corps of Engineers was liable for ...

Homeowners Insurance Claims Cost Rising Rapidly: Study

The cost of homeowners insurance claims has been rising rapidly because of the combined effects of rising claim severity and increases in ...

Former FDIC Chair Bair Reveals Financial Bailout Details in Book

When Sheila Bair showed up for a meeting in then-Treasury Secretary Hank Paulson's office in October 2008, the bank regulator had no idea ...

Court Revives Ex-Chrysler Executives' Age Bias Claims

Hundreds of former Chrysler LLC executives claiming they lost retirement benefits because of age bias can sue the company's former parent ...

Court Certifies Gender Bias Class Action Against Costco

A U.S. judge has certified a class action lawsuit against Costco Wholesale Corp. over allegations of gender discrimination in the store's ...

Give Insurance CIOs An Extra $5 Million and What Would They Buy?

If insurance industry chief information officers were given a sum, say $5 million, where would they spend it? Travel? Investments? Toys? ...

Employers Weighing Exchanges for Individual Retiree Health Plans: Aon

Most employers are reevaluating their retiree health care strategy and are considering strategies that open access to the individual ...

Buried Alive Pooch Captures 2012 Unusual Pet Insurance Claim Award

Last October, Keith and Christy Wolfram of Sicklerville, N.J., were given quite a scare when Peanut, their dachshund-terrier mix was found ...

Medvidofsky Elected President of CPCU Society

Dave Medvidofsky, CPCU, has been elected as 2012-2013 president of the CPCU Society. He will be responsible for defining CPCU Society ...

XL Group Launches New Builders Risk Property Protection Program

XL Group has launched a new Builder's Risk and Installation Coverage Solutions (BRICS) product, containing more than two dozen coverage ...

ACE USA, GMG Underwriters to Offer Enhanced K&R Coverage

ACE USA has collaborated with GMG Underwriters, LLC, a specialist in kidnap & ransom coverages and services, to expand the growth of its ...

From MyNewMarkets.com How Agents and Carriers Can Find Gold in Personal Lines

Independent agents and their companies have over the years been beaten in the personal lines market by direct response carriers and captive...
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East

3,000 Cited in Va.'s 'Operation Air, Land and Speed' Traffic Crackdown

A safety crackdown on five Virginia interstates yielded more than 3,000 citations for speeding, reckless driving and other traffic ...

Maine Motorcycle Death Total Up; 20 Fatalities So Far This Year

The Maine Public Safety Department says the number of motorcycle deaths on the state's highways is outpacing last year's figure. The ...

Celebrity Chef Batali's NYC Eatery Del Posto Settles With Workers

Workers at celebrity chef Mario Batali's New York City eatery Del Posto have settled a lawsuit against the restaurant with an agreement ...

Brokerage Ames & Gough Names P/C Operations Manager in Virginia

Ames & Gough, an insurance broker and risk management consultant specializing in serving design professionals, law firms and other ...

Massachusetts Court Rules on Scope of Independent Contractor Exclusion

A Massachusetts court recently ruled in favor of insurer Lloyd's in a dispute over a commercial property and general liability policy ...
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Midwest

Fabian Joins Integro's Chicago Office as VP, Management Risk

Integro Insurance Brokers announced the hiring of Miranda Fabian as vice president, Management Risk, in the firm's Chicago office. She will ...

Indiana Workplace Deaths Up 3% Last Year

A new report says the number of people dying on the job in Indiana rose to 122 last year from 118 the year before. The Indiana Department ...

Report: Ohio Nurse Didn't Realize She Took Kidney

A nurse who accidentally disposed of a living donor's kidney during a transplant said she didn't realize it was in chilled, protective ...
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Southeast

Funds Withheld for 5 West Virginia Fire Departments

Kanawha County, West Virginia,  officials are refusing to give taxpayer funds to five volunteer fire departments that haven't shared their ...
South Central

Service to Retail Agencies Is Aim of Texas Wholesale Insurance Group

A group of Texas-based managing general agents/brokers has formed the Texas Wholesale Insurance Coalition (TWIC) with the goal of enhancing ...

Louisiana City Parish Pays Settlement in Junked Vehicle Lawsuit

Lafayette Consolidated Government has paid $70,000 to a man who challenged the constitutionality of the city-parish's junked vehicle ...

Texas Brine Blames Tremors for Louisiana Sinkhole

Officials say tremors recorded in Louisiana's Assumption Parish since late May could be why a brine cavern encased within the Napoleonville ...
West

Calif. Governor Green Lights Driverless Cars

California took the fast lane to the future on Tuesday when Gov. Jerry Brown signed a law that lets self-driving cars onto public roads. ...

Lawsuit Filed In Death of Colorado Man Over 911 Call

The family of a Colorado man who was killed after being sent back to the scene of a road rage incident has filed a lawsuit. Police say a ...

CDI Settles Enforcement Action Over Wildfire Claims

The California Department of Insurance has settled with the New Hampshire Insurance Company and its authorized agent York Risk Services ...

SoCal Fire is Reminder Worst Could be Ahead

A 4-square-mile wildfire in a rural San Diego County community has destroyed roughly a dozen homes and has left one man dead, a sober ...
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International

'We're an Attractive Place to do Business:' Lloyds CEO Richard Ward

Following Lloyd's release of its composite results for the first six months of 2012 - a £1.53 billion [$2.4 billion] profit - Lloyd's ...

Lloyd's 1st Half Profits at $2.4 Billion; CEO Cites 'Disciplined Underwriting'

Lloyd's of London's first six months of 2012 financial figures couldn't evince a greater difference from those posted in the first half of ...

Catlin Sponsored 'Seaview Survey' Launched to Study Coral Reefs

The Catlin group has invited "people around the world" to participate in its newest project, the "Catlin Seaview Survey," which it, ...

Super Typhoon Jelawat Roils the Pacific; No Present Threat to Land

Super typhoon Jelawat, or "sty 18w," packing winds of 135 knots (155 mph - 250km/h) is currently located around 414 miles, 662 km, ...

Hub International Expands in Caribbean with Puerto Rico Broker Buy

Chicago-based Hub International Limited announced that it has entered into a definitive agreement to acquire CarriĆ³n, Laffitte & Casellas, ...

Best Reports on MENA Insurance Market; Regulatory Change Coming

A report from A.M. Best examines the current state of the insurance market in the Middle East and North Africa (MENA) region. It notes that ...
Will your agency know what to do in 2013? - New training next week from Insurance Journal's Academy of Insurance - Reserve Your Spot Today
Insurance Journal Blogs

Burand's Agency E&O Blog: Tip #11

Unexpected Staffing Issues do cause E&O claims. Staffing is not usually the title of a PowerPoint slide in an E&O class but staffing is at ...

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Insurance Journal TV

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Louisiana's Donelon on Isaac, Citizens, Lawsuits and More

Despite taking a direct hit from Hurricane Isaac in late August, Louisiana probably won't see...
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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

How to grow an Insurance Agency one client at a time.
Posted: Wed Sep 26 -- Found a couple of good article that details this topic. I strongly believe that clients need to be educated on insurance rather than just... txinsurance4
Reliable Car Insurance Quotes
Posted: Tue Sep 25 -- A lot of local agents provide free quotes and some have the ability to bind policies online. Usually agents will sell you liability policies... txinsurance4
CA State Fund, wtf!!!
Posted: Tue Sep 25 -- And the fun is just beginning. Starting soon ,many agencies (under 100k in per annum premium I believe) are relegated to submitting all... jackwehoca
CPCU - Worth it right now?
Posted: Tue Sep 25 -- Hello. I am currently looking to take the CPCU 530 Business Law Exam and was wondering if anyone knows of an AUDIO book/ study guide which I... armanis500
Swimming Pool Contractor in NY
Posted: Tue Sep 25 -- Does anyone know of a market for a pool contractor(installation and service) in New York? Thanks. genxagent

Reader Comments

Tax Penalty to Hit 6 Million Who Don't Buy Health Insurance by 2016
Posted: Mon Sep 24 -- Dont be an Obamazombie! Vote - Mit Romney and repeal and replace! Only an idiot would vote for Obama after his dismal record on getting... Sarah
White House Readies Executive Order on Cybersecurity
Posted: Tue Sep 25 -- I see where Obama has done 923 Executive Orders in nearly 4 years which is more than all the previous Presidents in history. He is a control... Agent
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
Bank Files Foreclosure Suit Against Arkansas Lieutenant Governor
Posted: Mon Sep 24 -- Wait a minute........this guy "didn't know how far behind" he was on his payments and he's the Lt. Governor? Now THAT'S scary...... Scott
LAPD Chief Seeks Appeal Of $5.7M Jury Award
Posted: Mon Sep 24 -- Only in California??!! Of course they also said that good old O J was innocent??!! What's wrong with this picture?? What's wrong with... renoscs

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September 24, 2012
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Professional Liability Directory; The Best Insurance Agencies to Work For; Inland Marine

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