Thursday, November 29, 2012

Daily Headlines: Thursday, November 29, 2012

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Insurance Journal Daily Headlines
November 29, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Liability Insurance Shows Signs of Deteriorating Performance: Conning

The benign period for liability insurance results may have run its course. Current trends in loss frequency, tort filings, and reserve ...

Health Care Workers' Comp Claim Severity On the Rise: Aon

Workers' compensation claim frequency is expected to decrease but claim severity will rise in 2013 for the health care industry, according ...

Goverment Allows WellPoint Purchase of Amerigroup

WellPoint Inc. can move forward with its $4.5 billion purchase of health insurance rival Amerigroup Corp after Amerigroup alleviated ...

AAIS Names Esmond Senior Director of Customer Engagement

The American Association of Insurance Services (AAIS) has appointed Truman Esmond, of Denver, Col., to the newly-created position of senior ...

Torus Survey: Top Issues in Management Liability & Professional Lines Market

A recent survey* undertaken by global specialty insurer Torus has highlighted a myriad of current issues facing the management liability ...

Aon Launches Replacement Flood Coverage Call Option

Aon Risk Solutions, the global risk management business of Aon plc has created Flood Secure Flex, a new call option for Flood Secure, to ...

From MyNewMarkets.com Rate Changes Coming to Healthy Railroad Industry

At one time it seemed that the railroad industry was doomed, but thanks in part to the economic stimulus plan, technology improving their...
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East

New York Gov. Cuomo Proposes $9B for Storm Damage Prevention

Gov. Andrew Cuomo wants huge electrical transformers in commercial buildings hauled to upper floors and wants the ability to shutter key ...

Far Rockaway in NYC's Queens Borough Copes With Sinkholes After Sandy

Residents in Far Rockaway in New York's Queens borough are now coping with sinkholes in areas that seemed stable before Superstorm Sandy. ...

NYSIF Announces Payment Extension for Policyholders Affected by Sandy

New York State Insurance Fund, New York's largest workers' compensation and disability benefits carrier, announced Wednesday that it is ...

Assurant Appoints Senior VP of Corporate Development in New York

Assurant Inc., a provider of specialty insurance and insurance-related products and services, appointed Larry N. Port to the position of ...
Errors and Omissions Fraud Detection 2-part series: New class from Academy of Insurance
Midwest

Hastings Mutual Names Bremer as CIO, Gregor as VP - Insurance Operations

Hastings, Mich.-based Hastings Mutual Insurance Co., a regional property/casualty insurance carrier serving six Midwest states welcomes ...

Indiana Truck Driver Logs 3 Million Miles of Safety

The distance around the Earth at the equator is 24,901 miles. By Kokomo, Ind.-based truck driver Richard Batt's estimate, he could have ...

Cedar Falls, Iowa, Cuts Worker Hours to Avoid Health Insurance

Officials in Cedar Falls, Iowa, plan to reduce dozens of part-time public employees' hours in order to avoid having to offer them insurance ...
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Southeast

Citizens President Gilway Admits Mistake in Abolishing Office

Citizens Property Insurance Corp. President Barry Gilway said Tuesday he made a "dumb decision" in how he went about abolishing the firm's ...

Homeowners in Mississippi's Moss Point Fight Flood Insurance Rules

Moss Point officials hope a city judge will set a court date in December to determine if 47 properties must comply with rules to elevate ...

Disaster Declaration Issued for 18 W.Va. Counties in Wake of Sandy

President Barack Obama has issued a disaster declaration to help 18 counties recover from damage caused by Superstorm Sandy. The ...

Florida Leads States in Ticketing Speeding Drivers: Study

Speeding drivers are more likely to be get ticketed in the Sunshine State than in any other state, according to a new study from ...
South Central

Tarrant County, Texas, Leads State in Hailstorms: NOAA

The residents of Fort Worth, Texas, and its suburbs in Tarrant County share the dubious honor of being the area most pounded by hailstorms ...

Big Bill for Levee Upkeep Comes to New Orleans

In the busy and under-staffed offices of New Orleans' flood-control leaders, there's an uneasy feeling about what lies ahead. By the time ...

Firms Partner to Offer Entertainment Insurance in Louisiana, Gulf South

New Orleans-based Maginnis Film & Entertainment Insurance Services LLC (MFEIS) and Reiff & Associates LLC announced a strategic partnership ...

Van Eeten Elected to Lead Texas Surplus Lines Association

The Texas Surplus Lines Association Inc. announced that Kathy van Eeten, senior vice president - Regional Marketing for insurance broker ...
West

California's Jones to Review Nationwide Following Security Breach

California Insurance Commissioner Dave Jones announced said his office will conduct a review of Nationwide/Allied Group of insurance ...

County May Sue Bankrupt Southern California City

County supervisors have voted to join the long list of San Bernardino, Calif. creditors and may sue the bankrupt city. The city 60 miles ...

SEC Charges Oil CEO in Insider Trading With Colorado Insurance Exec

The Securities and Exchange Commission on Wednesday announced charges against the former CEO of a Denver, Colo.-based oil-and-gas company ...
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International

Climate is 'Changing before our Eyes' Says World Meteorological Organization

The fact that Arctic sea ice has melted this year to its lowest recorded level shows, along with other weather extremes, that "climate ...

Munich Re Study Focuses on Rising 'Cyber Crime'

"Cyber attacks are a reality and companies need to prepare themselves," warns Munich Re in a recently released study - "Cost of Cyber ...

Colombia to Offer Climate Change Insurance to Coffee Farmers

Colombia is launching insurance to protect coffee plantations hit by climate change, which has damaged output in the world's top producer ...

South to Head Marsh's Combined Asia-Pacific; Piccolomini Continental Europe

Marsh has embarked on a major reordering of its regional activities, which it said is "in order to align the delivery of its global ...

Flagstone Re Shareholders Approve Acquisition by Validus

Bermuda-based Validus Holdings, Ltd. announced that the shareholders of Flagstone Reinsurance Holdings, S.A. approved all matters required ...

Franzèn Appointed Chairman of EDHEC-Risk Institute's Int'l. Advisory Board

EDHEC-Risk Institute has announced the appointment of Tomas Franzèn, Chief Investment Strategist with Andra AP-fonden (AP2), the second ...

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Rate Changes Coming to Healthy Railroad Industry

At one time it seemed that the railroad industry was doomed, but thanks in part to the...
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Effects of Worldwide Economic Instability on American Companies

Despite a slightly improved economy here in the U.S., the global economy is not out of the...

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New Discussions in the Forums

Tower Erection Contractor
Posted: Wed Nov 28 -- Thanks bkrigsman! I appreciate the response! Halpert
Exotic car, bad driver!!
Posted: Wed Nov 28 -- How does an exotic car repair shop get onto the list of available repair shops for an insurance company? autorepairframingham
Freight Forwarding in Ca
Posted: Tue Nov 27 -- Risk does not take control of goods or cargo at all. Thanks Trotter trotter
Amerisure Mutual
Posted: Mon Nov 26 -- We don't know of any MGA's with Amerisure. But we and other retail agents have access. Perhaps you can broker a deal with a retail agent.... bkrigsman
Attorney considering CPCU- thoughts?
Posted: Wed Nov 21 -- I think it's always wise to think ahead and be prepared for multiple opportunities and interests which may come along. I have several... InsuranceVet
Benelect wrap around plans
Posted: Tue Nov 20 -- We are looking to place one of our group health accounts with Benelect which is a wrap around plan. I wanted to see if anyone else has used... JAM
Automotice Diagnostic Equipment-Portable
Posted: Tue Nov 20 -- Any markets available to insure on an inland marine policy, an expensive PORTABLE piece of Diagnostic Equipment worth about $20,000 (with... FARRELLS
SEO and buying back links
Posted: Tue Nov 20 -- It is always better to obtain backlinks naturally. Purchased ones don't always help if they are not on the sites that rank. NationalMCA

Reader Comments

Hobby Lobby Appeals Morning-After Pill Decision
Posted: Tue Nov 27 -- I just want to thank Hobby Lobby for standing up for what they believe in. I will continue to do business with them over alot of other... Jackie
High-Security Driver's License Runs Into Opposition in States
Posted: Tue Nov 27 -- Call me crazy, but I'd way rather see us not borrow another $11,000,000,000.00 to implement easily hackable chipped ID cards (and black and... ExciteBiker
Investigation Ongoing in Huge Texas Highway Wreck
Posted: Mon Nov 26 -- What's amazing is that pileups like this don't happen every 10 minutes, since nowadays the typical interstate highway is a never-ending... Roland
Obamacare Rules on Pre-Existing Conditions, Benefits, Wellness Released
Posted: Mon Nov 26 -- Your Texans arent looking so bad either. Foster is unstoppable! Schaub is more accurate then - do I dare say - Aron Rogers? Johnson is also... FFA
KC Art Institute Sues Couple over Unfulfilled $5M pledge
Posted: Tue Nov 27 -- No good deed goes unpunished ..... see who will contribute to them in the future reality

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