Dec 13, 2010

Daily Headlines: Monday, December 13, 2010

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Insurance Journal Daily Headlines
December 13, 2010
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Today's Headlines

National

Obamacare Individual Mandate Found Unconstitutional by Federal Judge in Virginia

A U.S. judge in Virginia Monday invalidated a key part of the landmark healthcare law that requires individuals to buy health insurance, the...

Overall Commercial Pricing Stays Flat, Management Liability Declines

Overall commercial insurance prices were flat for the seventh consecutive quarter, declining less than one percent, according to a survey of...

Insurers, Feds Jointly Pursue Financial Sector Cybersecurity Measures

Leading insurance and other financial services companies have signed a research agreement with federal homeland security officials to...

AIG Logo Returns to ID Cards as Security Concerns Lessen

Bailed-out insurer American International Group Inc. took another step in its restructuring this week, but it is only noticeable to those...

Everest Specialty Introduces Investment Management Liability Product

Everest Specialty Underwriters, LLC (ESU) has introduced a new primary investment management policy. This product addresses the professional...

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...
When you're looking for an 'A' rated business insurance carrier... we can show you more. Click here for more information.
East

New Jersey Court: Mauled Dog's Owner Can't Get Damages

Pet owners who witness their animals being killed by another creature cannot seek damages for emotional distress, a New Jersey appellate...

Retiring Chubb COO to Remain as Consultant

Chubb has inked a consulting agreement with retiring COO and Vice Chairman John Degnan, who will stay on next year as a senior adviser to...
Midwest

Insurer Covering Baby's Surgery After Indiana Medicaid Denial

An Indiana infant born with a rare condition that likely would kill him by age 2 will receive a shot at a normal life after an insurance...

DeVito Named CEO at Baldwin & Lyons

Indiana-based property and casualty insurer Baldwin & Lyons Inc. announced that Joseph J. DeVito was elected to the position of chief...

Illinois Announces Disciplinary Actions for November 2010

The Illinois Department of Insurance announced it issued the following disciplinary orders for November 2010: Adele M. Cowell, Red Bud -...
New Class this Wedsnesday -- Use Workers Comp to Stand Out from the Crowd -- learn more
Southeast

Person Leaving Keys in Car May Be Liable, Tennessee Court Rules

A Tennessee court has ruled that a person who leaves keys in a car can be held responsible if the car is stolen and then involved in a...

Mississippi Casino Workers' BP Oil Claims Get Second Look

The agency in charge of paying Gulf of Mexico oil spill claims is requesting information from casinos that could lead to payments to...

Insurer, Agent Help Rebuild West Virginia Fire Station

Sissonville Volunteer Fire Department is getting $10,000 from State Farm Insurance to help replace a fire station and three fire trucks...
Texas / South Central

Arkansas Court Upholds Workers' Comp for Smoke-Break Injury

The Arkansas Supreme Court has ruled that an employee who was injured when she fell down and broke her arm during a cigarette break is...

Arkansas Warns Agents, Insurers About Certificates of Insurance

The Arkansas Department of Insurance is reminding insurance agents and insurers to take care when providing Certificates of Insurance to...
West

Appeals Court in California Reverses Itself in Armenian Insurance Suit

A federal appeals court last Friday reversed itself and now says the heirs of Armenians killed in the Turkish Ottoman Empire can seek...

Washington Issues 23,000 Elevator Correction Notices to Building Owners

Washington's Department of Labor and Industries said it issues about 23,000 correction notices per year to building owners to fix...

Heffernan Insurance Adds Hight to Commercial Property/Casualty Team

Heffernan Insurance Brokers has added Melodie Hight in its Portland, Ore., office as a producer in Commercial Property and Casualty...
New Class: The Real Effects of Granting Additional Insured Status -- Register Now
International

Cancun Climate Talks End with Modest Steps, No Kyoto Deal

The world's governments agreed Saturday to modest steps to combat climate change and to give more money to poor countries, but they put off...

Chartis Applauds U.S. , South Korea Free Trade Agreement

Chartis announced that it "applauded the recent announcement by President Obama that U.S. and Korean negotiators have resolved outstanding...

RMS Conducts Risk Analysis for SCOR's Atlas VI Cat Bonds

Risk Management Solutions announced that it has successfully conducted the expert risk analysis for the second issuance of the Atlas VI bond...
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

Encompass VS. Kemper
Posted: Mon Dec 13 -- I'm in Pennsylvania so can only speak for my state, we're banging away with Allied. We're actively moving our Encompass book to them - like... CSRQueen
Insured/policyholder dies - what to do?
Posted: Sun Dec 12 -- In response to the original post, this appears to be more of a question of business practice as opposed to E&O concerns. From reading the... wemayo
WC & GL-Nevada
Posted: Sun Dec 12 -- I need help. I have a client in Nevada. They operate swim school. They are looking for GL & WC. Who would you guys recommend?... jack1978
Commercial vs Personal CPCU
Posted: Sat Dec 11 -- I am nearing the end of the first half of my CPCU and trying to decide on personal vs Commercial for the remaining 3 courses. I'm trying to... wemayo
Pay As You Go rating
Posted: Fri Dec 10 -- "There is a lot of data that has been thoroughly reviewed/vetted by extremely smart people to support this." OK...mica.cooper where is this... darnovak
Credit cards for commercial
Posted: Fri Dec 10 -- As you know many Insurers dot accept CC for commercial polices or dont accept AMEX. I was wondering if anyone has done their own CC... JAM
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
Purchasing X-Date Data
Posted: Thu Dec 9 -- Most of these marketing firms are not a very good investment imo. The ones I have talked to come across as very sleazy. Sean London from... yoyowordup

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