Wednesday, October 24, 2012

Daily Headlines: Wednesday, October 24, 2012

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Insurance Journal Daily Headlines
October 24, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Meningitis Lawsuits: Product Liability or Medical Malpractice?

Victims of a deadly U.S. meningitis outbreak are starting to sue the physicians and clinics that administered tainted steroid shots, and ...

Activist Chairmen, Independent Directors Challenge CEOs, 'Country Club' Boards

In the summer of 2011, Yahoo Inc.'s board decided enough was enough. Directors had seen the Internet giant's stock languish, and the ...

ADP Reworks Monthly Private Jobs Report

A monthly reading of U.S. private sector employment has been revamped to put it more in line with the closely watched government nonfarm ...

U.S. Sues Bank of America Over Alleged 'Hustle' Mortgage Fraud

The United States filed a civil mortgage fraud lawsuit against Bank of America Corp., accusing it of selling thousands of toxic home loans ...

Car and Deer Collisions Cause 200 Deaths, Cost $4 Billion a Year

Cars and deer can be a lethal combination. An increase in urban sprawl and more roads being built through wildlife habitats have displaced ...

Cypress Benefit Administrators Adds Captive Health Insurance for Employers

Cypress Benefit Administrators, a national third party administrator (TPA) based in Appleton, Wisc., and with locations in Portland, Ore., ...

Verisk Insurance Solutions Enhances Foreclosure Alert Product

Verisk Insurance Solutions - Underwriting, a unit of Verisk Analytics has added an enhancement to its Foreclosure Alert that identifies  ...

From MyNewMarkets.com 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'...
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East

Penn. Regulators Approve Pending Sale of Clal's U.S. Unit to Berkshire

The Pennsylvania Insurance Department this week approved the pending deal by Israel's Clal Insurance Enterprises Holdings to sell its U.S. ...

Delaware Authorities Looking for Aggressive Drivers

Delaware's Office of Highway Safety is making a coordinated effort to combat aggressive driving. Beginning this week and continuing through ...

Rebuilding of Quake-Damaged Virginia School to Begin

Louisa County, Va., officials are preparing to break ground for a new elementary school that will replace one severely damaged by the 2011 ...
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Midwest

Wisconsin Workplace Shooting Brings Call for New Law on Guns

Two Wisconsin lawmakers are pushing legislation to tighten the enforcement of gun rules in domestic violence cases, prompted by a fatal ...

IPMG Names Dowty Specialty Lines Practice Leader

Insurance wholesaler Insurance Program Managers Group (IPMG), based in St. Charles, Ill., has added Terry Dowty as specialty lines practice ...

Pocius Joins Lockton's St. Louis Operation

Amanda Pocius has joined as an account executive in insurance broker Lockton's St. Louis, Mo., office. She will be responsible for client ...
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Southeast

Neace Lukens Promotes Stocksdale as Southern Region Leader

Kentucky-based insurance agency Neace Lukens has promoted longtime employee Todd Stocksdale to southern region leader.  Stocksdale will be ...
Scary Insurance Dreams from Academy of Insurance
South Central

85 MPH Texas Highway Opening Today

With today's opening of a 40-mile stretch of a Central Texas toll road, officials and residents will be watching to see how fast traffic ...

West Texas Jury Awards $11M in Oilfield Accident

A West Texas jury has awarded $11 million to a man who was injured by a pipe casing that fell from an oilfield elevator. The verdict in ...

A.M. Best Downgrades Texas-Based Columbia Lloyds, MDOW Insurance

A.M. Best Co. has downgraded the financial strength rating to B++ (Good) from A- (Excellent) and issuer credit ratings to "bbb" from "a-" ...
West

Survey: 4th of Nevada Drivers Use Hand-Held Phones

A statewide survey shows 27 percent of Nevadans still use hand-held telephones while driving, despite a state law banning the practice that ...

USDA Announces Hawaii Company Beef Recall

The U.S. Department of Agriculture says a Hawaii company is recalling more than 4,000 pounds of ground beef products distributed to Oahu ...

Washington Commissioner Fines Insurer $500,000

Washington Insurance Commissioner Mike Kreidler is fining Ohio-based BCS Insurance Co. $500,000 for issuing hundreds of thousands of ...
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International

Tropical Storm Sandy Still on Hurricane Track; Tony Is Season's 19th Storm: RMS

According to the National Hurricane Center (NHC), as of Wednesday, the center of Tropical Storm Sandy was located over the Caribbean Sea ...

Barclays Boosts Compensation Fund for Improper Insurance Sales

Barclays PLC has set aside another 700 million pounds ($1.1 billion) to compensate customers who bought payment protection insurance which ...

Argentina's Galeno to Handle Mapfre Workers' Comp, Health Business

Madrid-based Mapfre is transferring its workers' compensation and health activities in Argentina to the Argentinian company, Galeno. The ...

ACE Adds to Regional Team in UK

ACE Group in London announced a series of appointments within its UK and Ireland region. Graeme McGeachie, currently London and South East ...

Argo International's Lloyd's Syndicate Adds New Casualty Treaty Reinsurance Class

Argo Group International Holdings, Ltd., an international underwriter of specialty insurance and reinsurance products, will expand its ...
Scary Insurance Dreams from Academy of Insurance

Sponsored Content

Arrowhead General Insurance Agency, Inc. Appoints Tim Grant as Senior Vice President of Business Development for the Commercial Division

San Diego, CA, 10/24/2012 - ARROWHEAD General Insurance Agency, Inc. has hired Tim Grant as the Senior Vice President of Business ...
Insurance Journal Blogs

Burand's Agency E&O Blog: Tip #14

Proper Authorization. I recently saw a situation where, in a divorce, one spouse deleted the prized vehicle of the soon to be ex-spouse to ...

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Insurance Journal TV

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No Hard Market Until Economy Improves

While many in the industry see a hard or at least firming market, Alan Jay Kaufman is not...
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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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New Discussions in the Forums

Do I need to schedule fine arts?
Posted: Wed Oct 24 -- Actually this is incorrect. Fine Arts is not usually a class with a sub-limit. That is the whole reason I brought up this topic.... yoyowordup
Motor Cycle dealer WC (CA)
Posted: Wed Oct 24 -- Maybe next year, I can swear RIC said no !!! JAM
Agency Management System
Posted: Wed Oct 24 -- Any opinions on QQ catalyst? We are a newer agency that will be purchasing our first management system. I have used Eclipse and the other... marcwsu
How to market for me?
Posted: Mon Oct 22 -- What are "structural difficulties" and "group benefits mandate"? yoyowordup
Non-profit
Posted: Mon Oct 22 -- They do not have any Vehicles CoJones
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

Reader Comments

Hamster Corralled After Oregon Driver Arrested For DUI
Posted: Fri Oct 19 -- Was the woman with the hamster driving a Kia Soul? Viking
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: Thu Oct 18 -- Folks, let the poor man rest in peace. Bob
Travelers Will Continue to Seek Improved Pricing: CEO Fishman
Posted: Fri Oct 19 -- I don't know about other Travelers Agents out there, but we are having some retention issues with their pricing strategy on both Personal &... Travelers Agent
Missouri Couple Who Won $20M in Popcorn Suit Going Bankrupt
Posted: Wed Oct 17 -- Amen to that! Libby

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October 22, 2012
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