Monday, December 3, 2012

Daily Headlines: Monday, December 3, 2012

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Insurance Journal Daily Headlines
December 3, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Deadly 2012 Hurricane Season Ends

The 2012 Atlantic hurricane season that spawned the destruction of Sandy and Isaac has come to an end as one for the record books. There ...

Supreme Court to Rule If Human Genes Patentable

The U.S. Supreme Court on Friday agreed to decide whether human genes can be patented, a hotly contested issue with broad consequences for ...

Electronic Stability Control in Cars Saving Lives: NHTSA

Electronic stability control technology (ESC) is saving an increasing number of lives each year, according to a three-year study by the ...

White Mountains Completes Acquisitions of AIG, PICO Runoffs

White Mountains Solutions Holding Co. Inc., a wholly owned subsidiary of White Mountains Insurance Group Ltd. and the group's specialist ...

Confie Seguros Buys Florida, Nevada Agencies

Confie Seguros, a national provider of personal lines insurance focused on Hispanic consumers, has acquired four regional insurance ...

AIG Acquires The Hartford's Financial Advisory Group Woodbury

American International Group Inc. has acquired broker-dealer Woodbury Financial Services Inc. from The Hartford. The companies signed an ...

NAIC Elects 2013 Officers; Louisiana's Donelon Elected President

Members of the National Association of Insurance Commissioners (NAIC) has elected its 2013 officers: President: Louisiana Insurance ...

From MyNewMarkets.com 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 and...
New class from Academy of Insurance: What to expect from specialty lines claims
East

N.Y. Liberty Island, Home of Statue of Liberty, Still Closed Post-Sandy

The Statue of Liberty survived Superstorm Sandy with every crown spike in place, but its surrounding island was so badly damaged that the ...

N.Y. Sen. Schumer: Officials in Intense Lobbying Effort for Federal Sandy Aid

New York Sen. Charles Schumer says New York expects to get tens of billions of dollars in federal money to cover damages from Superstorm ...

Delaware's Lyons Companies Appoints Risk Management Advisor

Lyons Companies, Delaware's largest privately-owned commercial insurance brokerage and employee benefits consulting firm, appointed Michael ...

N.J.-Based Crum & Forster Names VP of Fidelity Practice

New Jersey-based Crum & Forster appointed Joseph Prystupa as vice president in its management and professional services division (MAPS) ...

Cold, Mold Loom as Hazards in Sandy Disaster Zones

A month after Sandy's floodwaters swept up his block, punched a hole in his foundation and drowned his furnace, John Frawley still has no ...
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Midwest

RLI Partners with Recreation Insurance Specialists to Underwrite RV Insurance

Peoria, Ill.-based RLI Corp. announced a new partnership with Recreation Insurance Specialists (RIS), a specialty recreation vehicle (RV) ...

Ohio Lawmakers Pass Bill to Create Arson Registry

Convicted arsonists in Ohio would be required to register with local sheriffs under a bill headed to the governor's desk. The Ohio House ...

Home Improvement Store to Fly Wisconsin Workers to Booming North Dakota

Home improvement retailer Menard Inc. says it will hire workers from its home base in Wisconsin and fly them to North Dakota to staff a ...

Illinois Senate Panel OKs Drivers Licenses for Illegal Immigrants

Supporters of licensing illegal immigrants to drive say it would make Illinois roads safer with trained motorists required to carry ...
Errors and Omissions Fraud Detection 2-part series: New class from Academy of Insurance
Southeast

Florida Judge Invalidates Windstorm Credit Forms; Regulator Appeals

A Florida administrative law judge has ruled that some forms used by insurers to determine a homeowner's windstorm premium credits are ...

Florida Prison Guard Charged with $2.7 Million Workers' Comp Fraud

A former Florida prison guard is free on bond after being charged with faking illness to fraudulently collect more than $2.7 million in ...
South Central

Texas Mutual Looks to Sever Last Ties to State Oversight

The insurer of last resort for workers' compensation coverage in Texas is seeking to cut its last ties to the state government that created ...

Oklahoma Insurance Department Spends $180K on Guns, Police Vehicles

The Oklahoma Insurance Department spent more than $180,000 on high-tech shotguns, bulletproof vests and seven police-package vehicles that ...

Texas Fire Marshall Touts Success of Sprinkler Systems in Apartment Complexes

Not one person has been killed in a fire in Texas in the past ten years inside an apartment complex that was equipped with a fire sprinkler ...
West

Official Urges Collaboration On Wildfire Projects in West

As the western U.S. comes off a tough wildfire season, more collaboration is needed to guard against catastrophic fires and to restore ...

Pacific Compensation Taps Frank as President and CEO In California

Janet D. Frank has joined Pacific Compensation Corp., a California workers' compensation specialist and wholly-owned subsidiary of ...

Missoula County Wants Montana Mill Site On Superfund List

Missoula County commissioners have sent a letter to Montana Gov. Brian Schweitzer asking him to support putting the former Smurfit-Stone ...

New Mexico Gets Nearly $1 Million For Highway Safety

The U.S. Department of Transportation is awarding New Mexico nearly $1 million to reduce deaths and injuries on the state's highways. The ...
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International

FERMA Opposes EU Fund for Industrial Accident Environmental Liabilities, Losses

The Federation of European Risk Management Associations [FERMA), which represents risk managers in 20 European countries, has told the ...

Bermuda Re/Insurance Org. Elects XL's McGavick CEO, Currie, Catlin as Deputies

The Association of Bermuda Insurers and Reinsurers (ABIR) announced the election of its new officers for a two year term beginning on ...

Fitch Downgrades Argentine Insurers Ratings after Sovereign Downgrade

Fitch Ratings has downgraded the long-term National Scale ratings of 12 insurance companies in Argentina, and has also revised the ...

Best Affirms Munich Re and Subs 'A+' Ratings; Outlook Stable

A.M. Best Co. has affirmed the financial strength rating (FSR) of 'A+' (Superior) and issuer credit ratings (ICR) of "aa-" of Munich ...
Sponsored Content

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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

Waiver of Subrogation endorsment - not needed
Posted: Mon Dec 3 -- Implied waiver upheld by the Pennsylvania courts... etimer
Signing up for an insurance directory
Posted: Mon Dec 3 -- It's true that a high page rank and being an authority site is more attractive but I also believe that content is a major key here. So... BeatrixLewis
Unfair Competition amongst brokers
Posted: Mon Dec 3 -- Wow! This is definitely unfair competition and what they're doing is clearly wrong. You should teach them a lesson and report this at once... BeatrixLewis
Getting Appointed
Posted: Mon Dec 3 -- I wouldn't fill out any sort of online request. Think of it like needing an answer from an underwriter for something you know might be... Iowa Guy
Designation Suggestions
Posted: Fri Nov 30 -- I just finished the ARM exams eariler this year, and took them as complete sets. Make 3 trips for one course is no fun. I definately felt... wariline
Benelect wrap around plans
Posted: Fri Nov 30 -- We used them a few years ago and it was an absolute nightmare. It was so bad the group ended up going to back to their original plan and the... policyman
Small agency looking for personal lines carrier
Posted: Fri Nov 30 -- We are a small insurance agency looking to get back into personal lines P&C after 6 years out of the business. Does anyone know of a carrier... msidden
Tower Erection Contractor
Posted: Wed Nov 28 -- Thanks bkrigsman! I appreciate the response! Halpert

Reader Comments

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
Pregnant Waitress Wins Settlement From Arizona Bar
Posted: Fri Nov 30 -- I don't think most men would want to look at a half naked pregnant women while watching football on Sundays. It was a business decision.... Burnie Madeoff
New York Gov. Cuomo Orders Insurers to Speed Up Sandy Claims
Posted: Fri Nov 30 -- Another knee-jerk reaction to make it look like politicians care. They were not on the ground handling the sheer volume of claims and, as... Rusty
Indiana Truck Driver Logs 3 Million Miles of Safety
Posted: Thu Nov 29 -- Congratulations and thanks to Mr. Batt. It is a wonderful milestone. So many drivers think only of themselves and where they want to go or... v
Monsters Under the Bed: Insurance Coverage Gaps and Other Invisible Exclusions
Posted: Wed Nov 28 -- this should have been labled as "very slanted opinion piece" instead of letting us assume it might be a "news article". sos, IJ must have... bob

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December 3, 2012
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