Monday, October 22, 2012

Daily Headlines: Monday, October 22, 2012

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Insurance Journal Daily Headlines
October 22, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Lower Catastrophe Losses, Better Rate Environment Increase P/C Net Income: A.M. Best

The U.S. property/casualty  industry's underwriting and operating performance improved substantially in the first half of 2012 according ...

Meningitis Toll Rises; Pharmacy Owners Sued

Executives at the Boston-area pharmacy whose steroid shots have been linked to a deadly U.S. meningitis outbreak have been sued in a bid to ...

Demand For Transactional Risk Insurance Jumps by 35%: Marsh

Businesses globally are increasingly turning to the insurance market for transactional risk protection in a bid to shield their revenue and ...

Liberty International Underwriters Expands U.S. Global Crisis Management Unit

Liberty International Underwriters has set up a Dallas-based operation dedicated to handling Global Crisis Management (GCM) business for ...

What Makes a Marginal Producer

Salespeople, broadly speaking, fall into three categories. There are those elusive few, typically the 20 percent of the firm's salespeople, ...

OSC Launches Tenant Protection Program for Rental Property Owners

OSC, an insurance and risk management services and products provider for large and small financial institutions, has launched a Tenant ...

Financial Oversight Panel Eyes Prudential As 'Systemically Important'

The new U.S. risk council has moved closer to deciding whether Prudential Financial is "systemically important," a Prudential spokesman ...

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

N.Y. Group Calls on Workers' Comp Board to Fully Implement Reforms

A local commerce association is calling on the New York State Workers' Compensation Board to fully implementing the workers' comp reforms ...

Penn. Woman Arrested for Allegedly Adding Coverage While in Ambulance

A Philadelphia woman was arrested last Friday on allegations that immediately following a car accident and while still in an ambulance, she ...

Memorial for '03 Rhode Island Nightclub Fire Unveiled

Relatives of the 100 people who died in a 2003 Rhode Island nightclub fire cried and held each other last Saturday during ...
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Midwest

Safety Experts Say Kansas Graduated License Working

A graduated driver's license law that went into effect in January 2010 has helped sharply reduce the number of accidents involving teenage ...

Occupied FEMA Units in Ward County, N.D. Below 1,000

The number of temporary Federal Emergency Management Agency housing units in Ward County, North Dakota that are still occupied has dropped ...

Midwest Farmers Planted Most Of Land Flooded In 2011

Farmers this spring were able to plant all but a few thousand acres of the land deluged by last year's flooding along on the Missouri River ...

Families Signing On To Wisconsin Pipeline Spill Suit

More than 90 families in the Town of Jackson, Wis. have signed on to a planned lawsuit over a pipeline spill. The Milwaukee Journal ...

Ex-Minnesota Cop Agrees to $665K Over Privacy Claims

A former Minnesota police officer who accused other law enforcement of illegally accessing her driver's license information to see her ...
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Southeast

Florida Gov. Scott Troubled by Firings at Citizens Property Insurance

A move by Florida's largest property insurer to dismiss employees responsible for investigating wrongdoing drew criticism last Thursday ...

Fla. Man Sentenced for Making Harassing Phone Calls to Travelers Cos.

Authorities announced last week that a Florida man has been sentenced to three years of probation for making numerous harassing phone calls ...

Florida-Based Bankers Insurance Unveils New Insurance Group Leadership

Florida-based Bankers Insurance Group recently announced the company's new leadership lineup. Lisa Bage has joined the firm as vice ...
What is an owner controlled insurance program? Webinar this Thursday from Academy of Insurance
South Central

Rebounding Economy Spurs Growth in Cargo, Supply Chain Risks

A slow trend toward economic recovery in the U.S. may mean good news/bad news for insurance agents and brokers who handle commercial ...

Powter Acquires Jordan in Texas

Powter Insurance Inc. has acquired Jordan and Jordan Insurance Group, of Frisco, Texas. Jordan and Jordan Inc., which will continue to ...
West

Leavitt Group Taps Milazzo in Northern California

The Leavitt Group's Bay Area office named Trisha Milazzo as a consultant in the employee benefits division. Milazzo  has more than 10 ...

California Groups Sue EPA Over Vehicle Fees For Smog

California environmental groups have filed a lawsuit protesting a decision to combat San Joaquin Valley smog by increasing automobile ...

Former New Mexico Sheriff's Assistant Sues

A former administrative assistant for Bernalillo County Sheriff Dan Houston has filed a lawsuit in New Mexico claiming the sheriff created ...

Alaska Setting For Japanese Documentary On Tsunami

A Japanese broadcasting group is filming a documentary about tsunami debris in Kodiak, Alaska this week. NHK, Japan's national public ...
International

U.S. Trial Set in Chevron Fraud Case Against Ecuador Lawyers

A U.S. trial has been set for next fall in a Chevron Corp lawsuit that accuses Ecuadorean residents, their lawyers, and advisers of fraud ...

Cooper Gay Swett & Crawford Agrees to Private Equity Investment

Cooper Gay Swett & Crawford (CGSC), a global wholesale and reinsurance broking group, has agreed terms with Lightyear Capital LLC and ...

ACE Group Names UK, Ireland Region Promotions

ACE Further Strengthens Regional Presence in UK   ***Graeme McGeachie becomes London & South East Regional Manager, Corporate*** ...
leases and contracts 2-part live webinar series from Academy of Insurance


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Insurance M&A Climate Today: Mystic's View

There have been some noteworthy mergers, especially among wholesalers. And there are signs...
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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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New Discussions in the Forums

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
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
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

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
Hamster Corralled After Oregon Driver Arrested For DUI
Posted: Fri Oct 19 -- Was the woman with the hamster driving a Kia Soul? Viking
Southern California Worker Dies in Tuna Plant Oven
Posted: Tue Oct 16 -- Oh Jorma, where are you now? reality bites

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October 22, 2012
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