Nov 15, 2010

Daily Headlines: Monday, November 15, 2010

Insurance Journal Daily Headlines
November 15, 2010
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Moody's Rates P/C Personal Lines Industry Financially Sound, Highly Competitive

The U.S. property/casualty personal lines insurance industry remains financially sound despite the weak economy and prolonged soft, though...

Insurance Mergers Complicated by Economy, Low Valuations, Hidden Risks

With organic growth difficult in the current economy and soft market, there could be an increase in insurance industry merger and...

U.S. Drug Safety Agency Gets Tougher on Risks After Avandia

U.S. regulators appear to be increasing their scrutiny of product risks after cases like the bitter debate over the diabetes pill Avandia,...

From MyNewMarkets.com Chartis Targets Small Businesses for Growth Opportunities

Chartis has worked particularly hard in the last several years on building insurance programs that target very specific areas of business....
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East

New Jersey Utility Reaches $450K Settlement Deadly House Blast

Public Service Electric & Gas will pay $450,000 to settle a wrongful death lawsuit brought by the family of a man killed in a 2008 house...

Outgoing Governor Appoints Interim Connecticut Commissioner

Gov. M. Jodi Rell has appointed an acting insurance commissioner, days before the state's insurance department is scheduled to hear a...

XL Adds Two Execs to Lead Surety Division

Insurer XL appointed David S. Hewett as executive vice president and William J. Mills Jr. as senior vice president to lead its surety...
Where Can You Find Over 5,000 Programs From Hundreds of Markets? Insurance Journal's Program Directory (Available Soon!). Click here for more info.
Midwest

Ohio Workers' Compensation Bureau Manager Quit Amid Ethical Questions

A manager at Ohio's insurance fund for injured workers has resigned amid ethical questions about whether his private side business benefited...

Court Hears Michigan Wal-Mart Medical Marijuana Firing Case

A federal judge on Friday heard arguments in the case of a medical marijuana user claiming a Michigan Wal-Mart store wrongfully fired him...

Iowa Joins States Barring Activities of Former U.S. Fidelis Owners

Attorney General Tom Miller and ten other state attorneys general, have obtained judgments against the owners of a former Missouri company,...

Nebraska Gov. Names Ramge as State Director of Insurance

Nebraska Gov. Dave Heineman has sappointed Bruce Ramge of Omaha to serve as the director of the Nebraska Department of Insurance (DOI). He...
Southeast

Nashville's Music Industry Getting Back on Track After Flood

In a white clapboard house on a quiet street in Berry Hill, a six-month marathon effort to save dozens of flood-damaged musical instruments...

Slurry Pollution Case Plaintiffs Called to West Virginia Meeting

Eighteen months ago, Christina Doyle packed up her two kids for an eight-hour journey to a West Virginia courthouse, hoping for some...

North Carolina Agent Accused of Filing False House Fire Claim

Frances Moore, of Moravian Falls,. N.C., an insurance agent and owner and operator of Fran Moore Allstate Agency, has been charged with 14...

South Carolina Parents Sue School Over Son's Playground Accident

Two parents are suing the Beaufort County School District for negligence after their son broke both arms on a school playground. Patricia...
Texas / South Central

Outgoing Oklahoma AG: No Quick Resolution to Poultry Pollution Case

If Oklahoma's new attorney general or governor decide to drop a lawsuit accusing poultry companies of pollution, the outgoing attorney...

Hallmark Financial Reports Rise in Revenues, Drop in Earnings

Fort Worth, Texas-based Hallmark Financial Services Inc. has reported third quarter 2010 net earnings of $1.0 million compared to $4.2...
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West

Broker Wins Appeal Against CRC Insurance Services

The California Court of Appeal, Second Appellate District, has reversed a lower court's $4.2 million judgment against former CRC Insurance...

Arizona Senate Adds Banking/Insurance Committee

The Arizona Senate will add three more committees under a postelection reorganization by majority Republicans. Senate President-designee...

EPIC RRG Names Billingham CEO

The Board of Governors of Emergency Physicians Insurance Company (EPIC), a California-based medical professional liability insurance...
International

Death Toll from Indonesian Volcano Eruption Passes 240

Mount Merapi, Indonesia's most volatile volcano, unleashed another cloud of searing gas as rescuers pulled more bodies from a village...

Zurich Report Urges Truck Fleets to Reduce Crashes with 'Telematics'

A report from Zurich Financial Services Group concludes that trucking companies "could use new technological developments to reduce the...

Willis Appoints Two New Regional Managers to UK Broker Network

Willis Group Holdings has appointed two new Regional Managing Directors for Willis Networks, the global insurance broker's alliance with...

Best Affirms AXIS Specialty, AXIS Capital Ratings; Outlook Stable

A.M. Best Co. has affirmed the financial strength rating (FSR) of 'A' (Excellent) and issuer credit ratings (ICR) of "a+" of AXIS Specialty...
Insurance Journal Blogs

Branding Passion

Recently, I have been working with a client on branding. When you think about creating a brand, where do you begin? The word "Brand" in our...

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Markets in Motion: Environmental Liability Coverage

When the financial crisis and subsequent recession hit, many businesses cut back on expenses...

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New Discussions in the Forums

Advice on purchasing a small agency in California
Posted: Fri Nov 12 -- Here in the Mid West, 2 - 3 x commissions seems about right. Will the current owner be on hand for a peroid of time to do intros to the... FFA
Average premium volume
Posted: Thu Nov 11 -- Depends on the competition in the area as well. Easy for someone to say you should be able to grow at 500k to 1mil pace per year. Most of... D-man
CA WC Moving Company
Posted: Wed Nov 10 -- I have a new venture moving company I am trying to find a home for ASAP...anyone have a market for this or a direction to point me in... L&C Ins
Done with CPCU 510 & 540, which one next???
Posted: Tue Nov 9 -- There have been some changes to the program since I posted last. The 560 is no longer a required course. There are a handful of electives... susqugirl
umbrella underlying limits
Posted: Tue Nov 9 -- Why would the owner rely on the tenant to keep the policy on the building in force? Thats overhead that should be built into the rent. What... FFA

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