Nov 16, 2010

Daily Headlines: Tuesday, November 16, 2010

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Insurance Journal Daily Headlines
November 16, 2010
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Today's Headlines

National

P/C Insurer Rules on Medicare, Medicaid Liability Claims Delayed

Property/casualty insurers will have some extra time to comply with new Medicare and Medicaid liability claims reporting requirements. The...

Employers Given More Leeway to Switch Providers Under Obamacare

U.S. employers offering health insurance to workers will not lose protected status under the new healthcare law if they decide to switch...

Cyber Crime Reaches Milestone

Complaints about Internet crimes have reached a milestone. On Nov. 9, the Internet Crime Complaint Center (IC3) logged its 2 millionth...

Venture Insurance Launches Hotel and Casino Programs

Venture Insurance Programs, a national program administrator has launched Concierge, a hotel insurance program, and SafeBet, a casino...

The Hanover Adds Specialized Classes to Healthcare Portfolio

The Hanover Insurance Group, Inc. has introduced specialized capabilities for three areas of the healthcare industry: durable medical...

ACE USA Restructures Retail Operations with Kinsella, Church, Stoer

Ace USA, the U.S.-based retail operating division of the ACE Group, announced a new structure and senior leadership appointments. The...

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

Driver in Fatal Connecticut Crash Sues Victim's Parents

A Connecticut driver who's serving a manslaughter sentence for striking and killing a 14-year-old boy is suing the victim's parents, blaming...

Rhode Island Launches Online Worker's Comp Verification

Rhode Island is the latest New England state to launch an online system that lets businesses and consumers verify whether an organization...

General Star Expands Admitted Architects, Engineers Product to NY, NJ

General Star has expanded its architects and engineers professional liability program on an admitted basis to New York and New Jersey. This...

Monitor Liability Managers Brings Lawyers Liability Program to New Jersey

Monitor Liability Managers, LLC (Monitor) has introduced a new lawyers professional liability (LPL) insurance program in New Jersey. The LPL...
Midwest

Illinois Counties Sue FEMA Over Flood Maps

State's Attorneys of Madison, St. Clair and Monroe counties in Illinois and a host of other impacted parties have filed suit in federal...

Illinois Study Backs Safety Belts for Back Seat

An Illinois transportation study shows that back-seat passengers killed in auto accidents are twice as likely as front-seat passengers to...

Nationwide Insurance Reports Net Income of $975M

Columbus, Ohio-based Nationwide Insurance has reported that consolidated net operating income through September 30 was up 39 percent to $975...

American Family Creates Hispanic Marketing Campaign

American Family Insurance, in partnership with The San Jose Group, recently debuted its first-ever music-licensing advertising campaign for...
Southeast

North Carolina Escapes Storms; Will It Escape Florida's Insurance Woes?

Earlier in 2010, Colorado State's Tropical Meteorology Project forecasted eight hurricanes to emerge from 15 named tropical storms in the...

Hearing on Florida Peninsula Rate Hikes Today

Florida insurance regulators today will review proposed rate increases for one of the state's largest property insurers. Florida Peninsula...

Smith Joins Crump in Memphis

Brad Smith has joined wholesale insurance broker Crump in its Memphis, Tennessee office as a broker. Smith joins Crump from South &...
Texas / South Central

Louisiana Still Owes Most of Judgement in 1983 Flood

Bob McBride Jr. was 18 when he pushed a flat-bottomed boat holding his family and neighbors through chest-high water to safety in Tangipahoa...

Louisiana DWI Simulator Adds Texting while Driving

She took off the virtual reality headset, got out of the car and looked at her printed-out ticket for running a red light and killing a...

Smyth Promoted at Frost in Austin

Frost Insurance in Austin, Texas has promoted Sheri Smyth to vice president of personal lines. Smyth, a 23-year insurance industry veteran,...

Rate of Nonfatal Injuries, Illnesses for Texas Private Industries Declines

Private industry workplaces in Texas reported a total of 213,507 nonfatal injuries and illnesses during 2009. The incidence rate of 2.9...
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West

A.M. Best Assigns 'A' rating to Veterinary Pet Insurance Co.

A.M. Best Co. has assigned a financial strength rating of "A" (Excellent) and issuer credit rating of "a" to Veterinary Pet Insurance Co. of...

Cincinnati Insurance Appoints First Agency in Oregon

Cincinnati Financial Corp. announced that its lead property casualty insurance subsidiary, The Cincinnati Insurance Co., appointed KPD...

Donkin Appointed Golden Eagle Insurance President and CEO

Golden Eagle Insurance, a Liberty Mutual Agency Corp. regional company, has appointed Spencer J. Donkin president and CEO. Donkin joins...

Fiesta Auto Insurance Named a Top Franchise for Minorities

The National Minority Franchising Initiative (NMFI) has selected Fiesta Auto Insurance as one of its "Top 50 Franchises for Minorities"...
International

Decades of Data Show Troposphere Is Warming Too

Not only is Earth's surface warming, but the troposphere -- the lowest level of the atmosphere, where weather occurs -- is heating up too,...

Countries Finalize Anti-counterfeit Trade Pact Text

Negotiators from nearly 40 countries have finalized the text of an international agreement to help fight the growing trade in fake and...

Hardy Rejects New Offer from Beazley

Two Lloyd's insurers, Beazley plc, which is domiciled in Ireland and Hardy Underwriting, which is domiciled in Bermuda are engaged in a...

RMS Appoints Weinthrop VP for Client Development in Europe

Risk Management Solutions announced the appointment of Martin Weinthrop to the position of vice president of client development, Europe,...
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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William R. Berkley: Insurance Pricing Cycle Due for a Change

William R. Berkley, founder, chairman and CEO of the W.R. Berkley Corp. believes the current...

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New Discussions in the Forums

Who's Covered?
Posted: Mon Nov 15 -- I have a particular situation. I took out a policy through State Farm for renters insurance. I was recently renting a condo in southern... mclureins
Agency Management System
Posted: Mon Nov 15 -- 29% to other systems. what are these other systems and how do they companre? mclureins
Advice on purchasing a small agency in California
Posted: Mon Nov 15 -- I agree with many of the above posts. You need to analyze exactly what the agency consists of with respects to the book of business and... mhutch69
Umbrella underlying limits
Posted: Mon Nov 15 -- Just for fun, here is a quote from one of my markets Excess Liability Coverage Form: Under Conditions for Covered Loss: "Maintenance... LadyBroker
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

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November 15, 2010

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