Dec 3, 2010

Daily Headlines: Friday, December 3, 2010

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Insurance Journal Daily Headlines
December 3, 2010
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Mismatched Bumpers on Cars, SUVs Drive Up Repair Bills

Mismatched bumpers on cars and SUVs produce far more costly damage in low speed collisions than bumpers that do line up, new car safety...

White House Panel: Oil Industry Needs Safety Culture, Accountability

The White House oil spill commission Thursday challenged offshore drillers to boost safety standards, detailing proposals for the creation...

AIG Mulling Second Debt Offer

American International Group is considering another debt offering after the success of its $2 billion sale earlier this week, Chairman Steve...

Is Your Boss Guilty of Any of the Seven Deadly Sins?

Employees say their bosses are guilty of the "Seven Deadly Sins," especially laziness and pride, and their sins are having negative effects...

Best Affirms Aviva USA, Subsidiaries Ratings; Outlook Revised to Positive

A.M. Best Co. has affirmed the financial strength rating (FSR) of 'A' (Excellent) and issuer credit ratings (ICR) of "a+" of Iowa-based...

Ratings: Cherokee/Oakland, Wayne Mutual, Executive, United Fire, Mercer

A.M. Best Co. has upgraded the financial strength rating to 'A' (Excellent) from 'A-' (Excellent) and issuer credit rating (ICR) to "a" from...

Travelers to Offer Control of Well Coverage on an Admitted Basis

Travelers is now offering control of well coverage on an admitted basis to upstream oil and gas clients. This coverage will be immediately...

American Strategic Enters Homeowners Market in 3 States

American Strategic Insurance Corp. (ASI) has entered Virginia, Delaware and Georgia residential property markets. The company offers...

From MyNewMarkets.com Markets in Motion: Management Liability Coverage

Management liability programs, which include employment practices liability, directors and officers liability, and errors & omissions...
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East

New York Plans to Reduce Red Tape in Insurance Filings

The New York Insurance Department said it implement recommendations aimed at streamlining and improving the process for insurers to file...

Pittsburgh Settles Off-Duty Police Shooting Suit

The city of Pittsburgh and an officer's insurance company will pay $44,500 to settle a lawsuit claiming a man was pistol-whipped and shot...

Connell Retiring From Selective

New Jersey-based Selective Insurance Group said that Richard F. Connell, senior executive vice president and chief administrative officer,...
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Midwest

Report: Flood of Problems Led to Iowa's Lake Delhi Dam Breach

Several problems, including design flaws, likely led to the breach of an eastern Iowa dam last summer that decimated a nine-mile long lake,...

Crop Bounty Spurs Construction Boom at Midwest Grain Elevators

A construction boom has been under way at grain elevators across the Great Plains, where farmers have grown more corn and opted to keep more...

Missouri Lawmaker Wants State Liability for Elk

A Missouri lawmaker wants the state to be liable for damage caused to crops or cars by wild elk. Republican Rep. Casey Guernsey is a farmer...

XL Insurance Promotes Mc Enery to Sr. VP, Central Region Executive

XL Insurance has promoted William F. Mc Enery to senior vice president (SVP) and Central Region executive, North America Property &...

Motorists Insurance Named Company of the Year by Indiana Agents Group

Motorists Insurance Co. was among those individuals and groups recognized by the Independent Insurance Agents of Indiana at the agent...

Illinois Workers' Comp Commissioners Assigned to Panels

The chairman of the Illinois Workers' Compensation Commission announced commissioner panel assignments that become effective Jan. 1,...
Southeast

West Virginia Jury Finds Official Defamed Employee Over Internet

A former Jefferson County employee has won a lawsuit that accused a county commissioner of defaming him with an Internet posting. Media...

Massey Shuts Kentucky Mine; Cites Danger in West Virginia

Massey Energy Co. has shut down a Kentucky coal mine that federal regulators had cited for safety violations and said another of its mines...

Florida Agent Leader Johnson to Retire

After more than 40 years in the insurance industry, Scott Johnson, executive vice president of the Florida Association of Insurance Agents...

Willis Appoints Allen, Gregory, McCubbins to Gulf South Operations

Insurance broker Willis has announced three key appointments to strengthen its Gulf South insurance brokerage operations. Robert Allen has...
Texas / South Central

Texas October Enforcement Actions Result in $1M in Fines, Restitution

The Texas Department of Insurance enforcement actions for October 2010 include seven license revocations, and fines and restitution totaling...

Wolfram Named President of Great American Supplemental Benefits

Great American Financial Resources named Bradley A. (Brad) Wolfram president of its Austin, Texas-based Great American Supplemental Benefits...
West

Kings Sue Exercise Ball Maker after Player Hurt

The Sacramento Kings basketball team is suing three companies in federal court over an exercise ball that burst and injured one of their...

California Approves Pay-As-You-Drive Insurance Programs

California Insurance Commissioner Steve Poizner has approved filings by the Automobile Club of Southern California and State Farm Mutual...

New Mexico Town Could Be Liable for Residents' Flood Damage

More than a dozen Farmington, N.M., residents and businesses have put the city on notice that they want reimbursement for damages caused by...

ReSource Intermediaries Acquires Reinsurance Advisory Services

ReSource Intermediaries Inc. has acquired San Francisco-based Reinsurance Advisory Services Inc. (RAS). Financial details of the transaction...
International

Huge Forest Fire Kills 40 in Israel

A huge forest fire killed about 40 people in Israel on Thursday, including young prison guard cadets trapped in a bus while heading to help...

India Expects to Break Rich/Poor Deadlock at Climate Talks

An Indian proposal could break a deadlock between rich and poor countries over how to share the burdens of tackling global warming, India's...

UK Freezes Could Cost Insurers $11 Million a Day Warns ABI

The current spell of freezing weather throughout the UK threatens to be quite costly. The Association of British Insurers (ABI) warns that...

Aon Advises UK Businesses to Evaluate Continuity Plans Due to 'Big Freeze'

A bulletin from Aon's London office notes that the "Big Freeze in the UK shows no signs of abating." It therefore is advising UK "businesses...

Tropical Storm Risk on 'Remarkable' 2010 Hurricane, Typhoon Seasons

To mark the end of the 2010 Atlantic hurricane season, Tropical Storm Risk (TSR), which provides resources for predicting and mapping...

Lloyd's CEO Opens Toronto Office

Richard Ward hosted a cocktail reception to celebrate the opening of Lloyd's new office in Toronto on Tuesday November 30. Lloyd's noted...

Spain's Economy Minister Says Country 'Not Next' for EU Bailout

Spain will not be next in line for a rescue package from Europe, but a common economic policy is needed to support a single currency,...

Ratings Roundup: China Taiping (NZ), BEST RE (Malaysia)

A.M. Best Co. has affirmed the financial strength rating of 'B++' (Good) and issuer credit rating of "bbb" of China Taiping Insurance (New...
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New Discussions in the Forums

Direct mail
Posted: Fri Dec 3 -- @Steley 123, your response definitely is determined by your target audience and what you are sending out. If your target audience and mailer... XDateMarketing.com
CA- G/L Market for Tree Trimmer?
Posted: Thu Dec 2 -- I'm having a difficult time finding a market for an arborist who does tree trimming and removal...any ideas? sblackmon
Need market for work comp for foundry in CA
Posted: Thu Dec 2 -- Any markets for a Foundry in CA other than SCIF? Doesnt have to be A rated. JonBRockway
Purchasing X-Date Data
Posted: Thu Dec 2 -- We offer X Date data and mailing services for every zip code. You can be first in the door with our Xdate Marketing campaign. It targets P&C... XDateMarketing.com
Markets for pest control using falconry? CA OR
Posted: Thu Dec 2 -- Admitted markets for falconry-based bird abatement and wildlife control--CA OR WA NV--any suggestions? Although the SIC is pest-control, my... brittt
Privacy Law situation
Posted: Thu Dec 2 -- Former underwriter here: Named Driver Exclusions are not used by many companies because they don't work. Some states don't allow them and... kevinraz
Insurance rating software
Posted: Thu Dec 2 -- What's FSC charging in CA these days? Is anyone negotiating a discount for set-up fees and/or monthly dues? What's the minimum contract... brittt
Comp West restaurant
Posted: Thu Dec 2 -- How long has it been since you quoted against them? They have had some pretty substantial rate increases this year and are not as formidable... justthere
ca non_standard auto
Posted: Wed Dec 1 -- Im looking to get appointmnets with CA non standard AUto carriers . We already have Bristol west. Who else has a good competitive... JAM

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