Friday, October 19, 2012

Daily Headlines: Friday, October 19, 2012

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Insurance Journal Daily Headlines
October 19, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Travelers Will Continue to Seek Improved Pricing: CEO Fishman

The Travelers Companies Inc. said its Business Insurance segment pricing continued to rise in the third quarter -- led by workers' ...

U.S. Weather Forecast: Winter to Continue Hot Weather Trend

After a hot spring and a scorching summer, this winter is likely to continue a U.S. warming trend that could make 2012 the hottest year ...

Aon's Affinity Healthcare Opens PL Programs to Independent Agents

Affinity Healthcare, the consumer, association and group program business of Aon Risk Solutions, is now providing open access to its ...

Independent Agencies Continue Growing in Number, Revenues: Study

The number of independent insurance agencies has increased, newer agencies are growing and the system as a whole is dynamic, according to ...

From MyNewMarkets.com F.I.D.O. Brings Dog Bite Liability Coverage to Florida; More States Coming

When commercial lines agent and dog owner Debbie Turner began to look into help for her difficult dog back in 2000, she had no idea that her...
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East

Lawsuit Targets Assets of Officers of Pharmacy Tied to Meningitis Outbreak

The officers behind New England Compounding Center have been targeted in a lawsuit that seeks to freeze their personal assets, the latest ...

Conn. Workers' Comp Second Most Expensive in Nation: Study

Connecticut employers in the volunteer market pay, on average, the second-highest workers' compensation premium rates in the country, ...

Pennsylvania's Health Insurance Exchange Plan Stalls

A state-run health insurance exchange is unlikely to be ready for a scheduled January 2014 rollout, Pennsylvania's top insurance regulator ...

Alterra Appoints Chief Claims Officer in New York

Alterra Capital Holdings Limited recently appointed Nicholas Conca to the newly created position of chief claims officer, insurance. Conca, ...

Vermont Irene Recovery Fund Pays Out $2M to Victims

A private fund-raising group set up to help Vermonters recover from Tropical Storm Irene has paid out more than $2 million to flood ...
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Midwest

Missouri Insurance Department Fields 26K Complaints

Missouri's Insurance Department says it has recovered $7.7 million so far this year for consumers with complaints about their insurance ...

GM Wins Dismissal Of Lawsuit Over Einstein Image

A federal judge in California has dismissed a lawsuit challenging the use of Albert Einstein's image in a magazine ad by General Motors. ...

27 People Displaced As Fire Claims Small North Dakota Town

A tiny southwestern North Dakota town has been all but destroyed by a wind-fueled wildfire that displaced its 27 residents, prompting an ...

MMIC Promotes Lacke to Senior VP, Insurance Operations

Midwest-based medical professional liability insurer, MMIC, has promoted Steve Lacke to senior vice president, Insurance Operations. Lacke ...

Indiana Has 32 Fungal Meningitis Cases; Michigan, 44

Indiana has 32 cases of fungal meningitis linked to injections of a recalled back pain steroid, and authorities in Michigan are reporting ...
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Southeast

Supreme Court Hears West Virginia Mine Widows' Plea

Federal inspectors must share the blame -- and therefore face a lawsuit -- for a 2006 West Virginia coal mine fire that killed two miners, ...

Mississippi High Court to Hear Texaco Appeal Over Gas Tank Fumes

The Mississippi Supreme Court is scheduled to hear oral arguments on Dec. 3 in Texaco's appeal of a $19 million verdict for five women who ...

North Carolina Big 'I' Agents Elect Purinai Chairman

Members of the Independent Insurance Agents of North Carolina (IIANC) have elected David Purinai, who is president of MSH Insurance in ...
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South Central

Louisiana Supreme Court Reduces Insurer Citizens' Late Payment Penalty

The Louisiana Supreme Court has relieved the state's property insurer of last resort of the burden of paying a $125,000 penalty for late ...

Texas Meat Company Recalling Beef, Pork Products

Federal health officials say a Dallas, Texas-based meat distributor is recalling about 8,200 pounds of beef and pork products because they ...

Texas Pipeline Builder Sued By Ballplayer Over Ocelot Habitat

Not even the legal equivalent of a fastball under the chin could stop a Texas pipeline builder from clearing acres of brush that Los ...

2nd Worker Injured in Oklahoma Refinery Blast Dies

A second man who was injured in an explosion at a southern Oklahoma oil refinery has died. A spokesman at the University of Oklahoma ...
West

California City Seeks to Cut Asthma Rate via 'Social Impact' Bond Issue

The city of Fresno, Calif., will be the first municipality in the United States to see whether "social impact bonds," an innovative ...

EPIC Names Dunn VP of Workers' Comp Claims in Central California

Edgewood Partners Insurance Center named Joe Dunn vice president of workers' compensation claims in its Fresno, Calif. office. Dunn will be ...

San Francisco Hires Quake Safety Czar

A building permit consultant in California has been hired as San Francisco's first earthquake safety czar. The San Francisco Chronicle ...

New Mexico Peanut Capital At Heart Of National Recall

The eastern New Mexico town of Portales is preparing for its 39th annual peanut festival this weekend. But the festivities may be ...

Hamster Corralled After Oregon Driver Arrested For DUI

Three police officers in the Portland, Ore. suburb of Beaverton went the extra mile for a hamster found riding in the lap of a driver who ...

'Big One' Looms in Minds of Experts Before California ShakeOut

A day before more than 9 million people in California took part in a massive nationwide earthquake drill on Thursday, U.S. Geological ...
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International

Hong Kong's Li Returns to Insurance with $2.1 Billion ING Deal

Hong Kong businessman Richard Li, the younger son of Asia's richest man, is buying ING's Hong Kong, Macau and Thailand insurance units for ...

Trial Underway for 4 Accused of Sinking Oil Tanker, Polluting Spain Coast

Four people went on trial this week for their role in the sinking of an oil tanker in Spain's northwestern coast in 2002, triggering one of ...

Swiss Re Names Fürer, Dacey to Group Executive Committee

Swiss Re has appointed Guido Fürer, currently head of the chief investment office, group chief investment officer and member of the Group ...
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Insurance M&A Climate Today: Mystic's View

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

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New Discussions in the Forums

Swimming Pool Contractor in NY
Posted: Fri Oct 19 -- Surf the net for various choices. superpages.com provides a directory of this where you can choose from. But the best choice would be to ask... robmejia
Insurance data management designation
Posted: Fri Oct 19 -- Does anyone know anything about the Insurance Data Management Association (IDMA) and their AIDM designation? Is it worth it? How does it... dcornett
Motel without fenced pool
Posted: Thu Oct 18 -- What state and what are the values for the motel? Feel free to send me details...
Pizza W/ delivery WC in CA
Posted: Thu Oct 18 -- State Fund is most likely your best bet...however Granite States might also be a player but a carrier is going to want some premium for that... AKBaillie
How to market for me?
Posted: Wed Oct 17 -- Hello everyone, I find these forums really helpful. I want to take my talents to produce in the medium/large commercial market. Where can i... Straightjacket
Creating a business plan
Posted: Wed Oct 17 -- Hi Group, First time post and I wanted to ask about creating a business plan for my agency of 5 years in Seattle. We have had great growth... insurastone
CA Insurance P&C On-Line Licensing Schools
Posted: Wed Oct 17 -- Hi All! I need your help....can anyone recommend a GOOD on-line licensing school for P & C in California? Need to care for an elderly mother... SuzieQ
Motor Cycle dealer WC (CA)
Posted: Wed Oct 17 -- If it's not too late for this one, I might be able to help. We are the program administrator for Everest National and they will write 8400.... chrisg
Best Comp Market for Restaurant w/ Heavy Losses
Posted: Wed Oct 17 -- The OP is looking for Workers Comp. OP, what state? chrisg

Reader Comments

'Pawn Stars' Sued By Former Manager In Las Vegas
Posted: Fri Oct 12 -- I can hear the trial now: Plantiff wants 10mil, Rick offers him 10k, Plantiff says he won't take less than 5mil, Rick says his best offer is... JMC
Consumers Learn High Cost of Being Poor in New Jersey
Posted: Tue Oct 16 -- "The hateful left"? Are you kidding me? After that rant you just made, it is quite obvious who the hater is here. Libby
Missouri Police Offer Breath Tests to Bar Patrons
Posted: Wed Oct 17 -- And then they follow them home:) Actually, doesn't sound like a bad idea. I'd like to see how this program turns out. Mikey
Southern California Worker Dies in Tuna Plant Oven
Posted: Tue Oct 16 -- Oh Jorma, where are you now? reality bites
Indiana Doctor Nabbed in Italy Gets 7 Years in Prison
Posted: Mon Oct 15 -- I smell a film treatment in the works. Nabbed in the Italian Alps while living in a tent in the winter? And with $30 mil absconded... reality bites

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October 8, 2012
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