Daily Headlines: Thursday, September 29, 2011

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September 29, 2011 News By Region  National  International  East  Midwest  Southeast  South Central  West Video Today's Headlines National Nationwide and Harleysville Insurance Agree to Merger Nationwide Mutual Insurance Co. and Harleysville Insurance announced on Thursday, Sept. 29, that they have agreed to a merger. Nationwide ... Chubb Reports Q3 Disaster Losses Up to $475 Million Property insurer Chubb Corp. Wednesday warned it would report up to $475 million in pretax catastrophe losses in the third quarter, most of ... The Hartford Introduces Management Liability Policy For Healthcare Organizations The Hartford has introduced Private Choice Encore for Healthcare Organizations, a management liability policy that offers coverage for ... SNL Buys Summit Media’s Financial Information Unit, Highline Data Summit Business Media has sold its insurance financial information unit. Another financial information firm, SNL Financial, said it has ... Insurer Retools Home Value Insurance Coverage Home Value Insurance Co. has re-entered the insurance market with a product that promises to protect homeowners from falling home... More National News East Safety Group Says Conn. Blast Shows Need for ‘Gas Blow’ Rule A national safety group is urging states and regulators to adopt new standards that would ban a pipe-cleaning practice blamed for a 2010 ... Penn. State Workers’ Insurance Fund Provides Relief to Policyholders The Pennsylvania Department of Labor & Industry announced relief measures for State Workers' Insurance Fund (SWIF) policyholders ... N.Y. Official Says Alleged Insurance Scam Artist Caught New York Attorney General Eric Schneiderman announced the arrest of an alleged scam artist, Arthur Bogoraz, who officials contend devised a ... More East News Midwest Tornado Repairs Tracked in Minneapolis City inspectors are fanning out across north Minneapolis, where some homes remain damaged four months after a tornado strike, to assess ... For Some in Midwest Deadline for Flood Claims Is Today The federal government is warning those who suffered losses from Missouri River flooding this summer that deadlines to file insurance ... E. coli Scare Prompts Tyson to Recall Ground Beef from Kansas Plant Tyson Fresh Meats Inc. is recalling about 131,300 pounds of ground beef because a family in Ohio fell ill after eating meat produced by the ... More Midwest News Southeast Judge Lets Agent Orange Case Against Monsanto Proceed Monsanto Co. has lost a bid to close part of a lawsuit alleging the company caused health injuries to residents living near a plant that ... More Southeast News South Central Power Utility Sued After Massive Texas Wildfire A utility knew about wildfire dangers amid Texas' severe drought but failed to remove dead trees and branches near power lines that sparked ... Feds Sue Texas Firm for Firing 600-Pound Employee The federal government has filed suit against BAE Systems alleging the company has violated disability laws by firing a morbidly obese ... More South Central News West Former Idaho Insurance Investigators Sue Department of Insurance, Others A lawsuit filed by former Idaho insurance investigators say they were forced out of the Idaho Department of Insurance for turning over ... California’s Align Financial, Excellere Form Non-standard Auto Insurer San Diego, Calif.-based Align Financial Group LLC has partnered with private equity firm Excellere Partners, of Denver, to form Personable ... More West News International Typhoon Nesat Hits China after Pummeling Hong Kong Typhoon Nesat hit Hainan Island in south China on Thursday after it swept past Hong Kong, closing financial markets, schools and most ... UPDATE: Fire Surges at Shell’s Singapore Refinery There has been a surge in the fire at Shell's Singapore refinery, the Singapore Civil Defence Force (SCDF) said in a statement on Thursday. ... Aon Benfield: Reinsurers Expected to Pay 2/3 of Australia, NZ Cat Losses Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp, has issued a bulletin indicating that Australian and New ... Panel Reports Climate Change to Cost Canada Many Billions Climate change will cause damage in Canada equivalent to around 1 percent of GDP in 2050 as rising temperatures kill off forests, flood ... Xchanging Gains Full Control of Brokerage Services Subsidiary from Aon Xchanging, the London-based business process and technology services provider and integrator, announced that it has "gained full control of ... Report: Allianz, AXA among Likely Bidders for HSBC Unit Sale European insurers Allianz and AXA SA are among the potential bidders for HSBC Holdings Plc's sale of its general insurance business, which ... Best Downgrades, Places on Review Ansvar Insurance (New Zealand) Ratings A.M. Best Co. has downgraded the financial strength rating to 'B++' (Good) from 'A-' (Excellent) and issuer credit rating to 'bbb' from ... Ratings Recap: Gulf, Unity Re, Connaught, Macau A.M. Best Co. has downgraded the financial strength rating (FSR) to 'C++' (Marginal) from 'B' (Fair) and issuer credit rating (ICR) to ... More International News Insurance Journal Blogs Voice of Experience: Lessons from Corporate Volunteering Efforts It's just a couple weeks away: Volunteer Week 2011 is on track to be a record-setting event in the insurance industry. Teams from more than ... More Blogs Join the Insurance Journal Network Insurance Journal TV Triage Nurses Cut Costs in Workers' Comp What if a business could lower its workers' compensation claims costs by as much as 30... Watch Now PURE Innovation During his 25-year career in the property/casualty insurance business, Ross Buchmueller has... Watch Now Watch more videos at InsuranceJournal.tv New Discussions in the Forums Insurance to Value on Homes Posted: Thu Sep 29 -- Since 2004, the company has increased Coverage A (for the insured's peace of mind) from $325,000 to $515,000. After the phone ITV was done... goredsox Apartment complex wants to be additional interest Posted: Wed Sep 28 -- Purple I so agree with you on you 'Pet peeve" B. I have had long drawn out arguments with banks on HO6's who think they know better than I... Brenda H Office manager - HELP with procedures & workload Posted: Wed Sep 28 -- Look in to this group. I have attended a couple of their sessions that do have a system that really works with workflow to eliminate back... bondgirl12 Social Networking in need of General Liabilit Posted: Wed Sep 28 -- I am not a lawyer but they may not have liability if they fall under section 230 of the Communications Decency Act. Obviously, they should... ahickmann 3 Properties in Texas? Posted: Tue Sep 27 -- I write in Texas and there are many companies who write stand alone dwelling policies here in Texas. You may want to try American Risk. It... beyert1 PA Dog Liability to meet State Requirements Posted: Mon Sep 26 -- Did you try contacting a wholesale broker / MGA to check with non-standard markets? Also, I just found this link on places to find umbrella... azcompanyman Go to Forums Reader Comments House Defeats Bill Funding Government; FEMA, Flood Insurance in Doubt Posted: Thu Sep 22 -- Our elected and appointed representatives should be made to contribute to their health care coverage and pay for their family members... Nancy Florida Firm to Appeal in Bid for Sunken Spanish Treasure Posted: Fri Sep 23 -- If Spain ends up winning this, I think the Florida based company should load the coins and treasure onto a ship, stop right ontop of the... Baxtor IRS Gives Employers Break on Misclassified Employees Posted: Fri Sep 23 -- Is this the way the IRS lets cheaters like State Farm get away from all the taxes they have avoided since 1998, by calling their agents... IRS Coverup? Republican Ryan Proposes Individual Health Insurance Tax Credit Posted: Wed Sep 28 -- 'Giving patients and consumers control over health care resources would make all Americans less dependent on big business and big... The Other Point of View Senate Poised to Defeat House Spending, Disaster Aid Bill Posted: Fri Sep 23 -- 'I guess Harry Reid will have to bear the burden of denying the disaster victims the money that they need,' Cantor told reporters. Sorry... 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