Dec 10, 2010

Daily Headlines: Friday, December 10, 2010

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Insurance Journal Daily Headlines
December 10, 2010
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

S&P: U.S. Personal Lines Insurance Sector Outlook Revised To Stable

Rates for the personal lines insurance sector continue to see improvements, according to a new report. While pricing for the U.S. commercial...

R-T Specialty Acquires Oakbridge Insurance Services

The wholesale brokerage unit of Pat Ryan's Ryan Specialty Group LLC, has acquired one of the nation's largest executive and professional...

Merger, Acquisition Activity Heats Up

Merger and acquisition (M&A) activity between July and September was robust making the third quarter the most active with 61 deals...

Ratings Recap: State Auto National, Mountain West Farm Bureau

Standard & Poor's Ratings Services has placed its 'A-' counterparty credit and financial strength ratings on State Auto National...

U.S. Life/Health Sector's Premiums Rise 2.6%; First Increase Since 2008

U.S. life/health industry's nine-month net premiums written rose 2.6 percent to $424.2 billion, reflecting the first increase since year-end...

Zurich North America Names Several Appointments in Surety

Zurich's North America made several key appointments to its specialty lines Surety unit. The insurer promoted Michael Bond to head of...

From MyNewMarkets.com Lexington Focuses on New Products, Creativity, to Get Through Soft Market

Creativity, innovation and product diversification are keys to a company's success in this soft market, says Matthew Powers, executive vice...
New Class: The Real Effects of Granting Additional Insured Status -- Register Now
East

Connecticut Says Tougher Teen Driving Rules Save Lives

State officials say Connecticut's tough new restrictions on teenage drivers are saving lives. There were six fatal crashes involving 16- and...

Charges Added for Former New Jersey School Superintendent and Broker

The government has added more charges in the bribery case against a former New Jersey school superintendent and an insurance broker. In a...

Petit Named Claims Director for IWIF

Melinda Petit has been promoted to director of claims operations for IWIF Workers' Compensation Insurance. She will oversee management of...
Midwest

Judge Orders $15M to Indiana Crash Victim's Family

A federal judge has awarded $15 million to the family of one of four people killed in a 2005 crash on the Indiana Toll Road caused by a...

Coalition Calls for $60M for Iowa Flood Prevention

A coalition of lawmakers, local officials, farmers and business people are calling on Iowa to invest $60 million to prevent flood damage and...

Illinois Program to Provide $5M in Loans for Small Businesses

New and existing small businesses can apply for $5 million in loans through an Illinois program aimed at creating and retaining jobs in...
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Southeast

Geiger Named Loss Control Manager at Sunz

Florida-based Sunz Insurance Co. has named David Geiger as loss control manager. The 20-year industry veteran will develop safety programs,...

Alexander Named Underwriting Manager at N-Surance

Georgia-based N-Surance Outlets has named Gary Alexander as underwriting manager. Alexander will oversee all underwriting activities for the...
Texas / South Central

Arkansas Lawmakers Propose Banning Health Insurance Mandate

Legislation filed by a pair of Republican lawmakers in Arkansas proposes blocking a portion of the health care overhaul that requires people...

Louisiana Inmate Charged with Insurance Fraud, Felony Theft

A man already convicted for a previous criminal offense in Louisiana has additionally been charged with insurance fraud and felony...
West

Calif. State Fund Consolidating Business Operations

California State Compensation Insurance Fund, the state's largest provider of workers' compensation insurance, announced it is consolidating...

Mercury Insurance Cuts Calif. Auto Rates About 10%

Mercury Insurance announced a $72-million rate reduction for California drivers that includes a rate decrease that could reach up to 10% or...

Brown & Riding, Alexander, Morford & Woo Merge

Privately-owned wholesale insurance firms, Brown & Riding of Los Angeles and Alexander, Morford & Woo of Seattle have announced that...

Heffernan Insurance Brokers Adds Two to Employee Benefits Team

Heffernan Insurance Brokers has added Chris Nussbaum and Paul Martinez as assistant vice presidents and employee benefits...

Willis of Colorado Appoints Anderson Senior VP for Construction

Willis of Colorado Inc.'s Construction Unit in Denver has appointed Stephanie Anderson has been appointed senior vice president. Anderson...
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Workers' Comp Book
In The Insurance Professional's Practical Guide to Workers' Compensation, Chris Boggs addresses in clear, jargon-free English many of the concepts, policies and practices in workers compensation that brokers, risk advisors, and corporate risk managers need to know. learn more
International

UK Pet Costs: Average Around $532, but Dachshunds are $858

A research study by Sainsbury's Finance reveals some interesting facts about costs and coverage for pets in the UK. While the "average claim...

UK Online Insurance Buyer Survey Finds Wigan Residents #1 Users

A new poll from price comparison website comparethemarket.com. found that the city of Wigan, in Lancashire, northeast of Liverpool, is...

Markel International Appoints 2 New Underwriters to UK Retail Division

Markel International, the specialty property and casualty insurer, announced that it has strengthened its retail division, Markel (UK)...

Ratings Roundup: Dongbu, Afianzadora, BNY Trade, Unive Her

A.M. Best Co. has affirmed the financial strength rating of 'A' (Excellent) and issuer credit rating of "a" of South Korea's Dongbu...
Insurance Journal Blogs

Planning to win in 2011

The end of 2010 is fast approaching, good luck, good health, and good fortune to all of you in 2011. Sales managers and principals; By now,...

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Lawyers Malpractice Claims on the Rise

The economy has taken its toll on all businesses today and law firms are no exception....

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New Discussions in the Forums

single security guard worker's comp
Posted: Fri Dec 10 -- Is there a reason he can't be paid on a W2 and be an employee of the laundromat? He would be automatically covered under existing comp. If... waltmarkers
Encompass VS. Kemper
Posted: Thu Dec 9 -- Do you have a comparative rater, JAM? Might wanna try plugging the carriers in and finding out. U-Kemp is gonna wanna see that you have at... KPIA
Pay As You Go rating
Posted: Thu Dec 9 -- I'm sure that these insurance companies actuaries have all of the evidence that you need and then some. Plus, this is a free country where... alx730
2011 Outlook: U.S. Property/Casualty Insurance
Posted: Thu Dec 9 -- Never mind. They got the file up, the link in the story works now. 8)
Done with CPCU 510 & 540, which one next???
Posted: Wed Dec 8 -- I just completed the CPCU 520 exam. I personally felt that it was the hardest one I had taken to date. I have already taken 510,553,540,560.... mhw182

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