Dec 2, 2010

Daily Headlines: Thursday, December 2, 2010

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Insurance Journal Daily Headlines
December 2, 2010
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Investors Like Aon's Growth Strategy

Top global insurance broker Aon Corp. looks to grow over the next couple of years on the back of improved pricing and a recent key...

AIG Debt Sale Shows Insurer Still Under Pressure

AIG may be getting healthier, but it hasn't fully recovered. When AIG sold $2 billion of debt on Tuesday, it had to offer fat interest...

Injured Former Player Sues NFL Pension Plan

A former running back for the Washington Redskins and Carolina Panthers is suing the NFL's pension plan, saying he should receive the...

Study Shows How Leadership Can Change Hospital Safety Culture

A prescribed set of hospital-wide patient-safety programs can lead to rapid improvements in the "culture of safety" even in a large,...

NAS Expands Social Services Options with Medical Defense Coverage

NAS Insurance Services is now offering social services risks up to a $100,000 MEDEFENSE Plus sublimit for the defense costs and civil fines...

Lockton, Germany's Funk Group Extend Service Pact

Two large privately-held and independent insurance brokers, U.S.-based Lockton and Germany's Funk Group, said they will expand their risk...

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

Insurer Sues Apple Over Connecticut House Fire

Great Northern Insurance is suing electronics firm Apple, claiming that a faulty laptop charger for one of its computers triggered a massive...

Genex Completes Intracorp Acquisition

Pennsylvania-based Genex has completed its acquisition of Cigna's workers' comp and disability case management business. The acquisition of...

Virginia Names New Insurance Commissioner

Virginia has named Jacqueline K. Cunningham as the state's next commissioner of insurance. Cunningham has been deputy commissioner of the...
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Midwest

Michigan Jury Hears Case on Employer's Liability for Drunk Employee

Should an employer be held liable for a fatal car crash caused by a drunken driver who was an executive of the firm? A federal jury in...

Arthur J. Gallagher Acquires Illinois' Premier Risk Services

Arthur J. Gallagher & Co. has acquired Premier Risk Services Inc. in Itasca, Ill. Terms of the transaction were not disclosed. Formed in...

Kauffman Installed as President of Indiana Agents Group

The Independent Insurance Agents of Indiana has installed Byron C. Kauffman as president of the organization for 2011. Kauffman is with...
Southeast

Georgia Insured Storm Damage Estimated at $5 Million

Georgia Insurance Commissioner John W. Oxendine said that heavy winds, rain and thunderstorms on Nov. 30 caused an estimated $5 million in...

Massey CEO to Testify About Deadly West Virginia Mine Blast

Massey Energy chief Don Blankenship is expected to testify Dec. 14 in the probe of an April explosion that killed 29 men in West Virginia's...
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Texas / South Central

Louisiana: 63% of Citizens Rebate Still Unclaimed for 2005, 2006

Nearly $355 million in rebates from Louisiana's property insurer of last resort has not been claimed and state's top insurance regulator...

Survey: Texting While Driving in Texas Getting Worse

Texans believe texting and talking on phones while driving is getting worse and that roads are less safe than they were five years ago,...

Retailers Casualty Insurance to Offer Workers' Compensation in Texas

Baton Rouge, La.-based workers' compensation insurer Retailers Casualty Insurance Co. announced it will begin offering workers' compensation...
West

Brown & Brown Acquires Ruland & Mattingley Insurance Services Assets

C. Roy Bridges, regional president of Daytona Beach, Fla.-based Brown & Brown Inc. and Lloyd S. Ruland III and Philip M. Ruland,...

Pinnacol Assurance Names Kranz Associate VP of Finance

Pinnacol Assurance, Colorado's leading provider of workers' compensation insurance, has named Kathy Kranz as the new associate vice...
International

Northern Europe Counts Costs of Early Winter Weather

Heavy snow caused travel chaos across much of northern Europe on Thursday, keeping London's Gatwick airport closed for a second day and...

Qantas Moves to Take Rolls-Royce to Court over Engine Failure

Qantas stepped up pressure on Thursday on engine maker Rolls-Royce to settle damages related to an engine failure on one of its giant Airbus...

US Plans to Press China on Trade at Dec. 14-15 Meeting

The United States will press China to make a number of trade reforms to open its market to more U.S. goods and services at a high-level...

Dutch Insurer Aegon to take $290 Million Charge from U.S. Restructuring

Dutch insurer Aegon NV will cut up to 500 jobs in the United States and discontinue sales of certain types of life insurance policies, it...

WTO Head Warns Stimulus Measures May Have Impact on Trade

Stimulus and bailout packages undertaken to cope with the economic crisis can have an impact on trade and investment and need to be managed...

Brokerslink Adds Three New Members in Global Expansion

Brokerslink, one of the world's largest independent insurance broker alliances, has added three new members expanding its presence in key...

Lockton Expands Risk Management Services with Germany's Funk Group

Insurance brokers Lockton and Germany's Funk Group announced that they will expand their risk management service alliance. "Through the...

Zurich in Alliance with Italy's SACE to Promote Global Surety Business

Zurich North America announced from its Illinois headquarters that its International Surety, Credit & Political Risk group has executed...

Zurich Completes Acquisition of Lebanese Insurer

Zurich Financial Services Group announced today that its subsidiary, Zurich Insurance Company Ltd, has completed the acquisition of 99.99...
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New Discussions in the Forums

Privacy Law situation
Posted: Thu Dec 2 -- Personal auto policy written for our insured. The carrier requires driver info for all drivers in the household. Father (our insured) gives... darnovak
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
Umbrella underlying limits
Posted: Wed Dec 1 -- Precisely, AZCompanyman! It is actually scary how many folks really believe if they buy an umbrella policy, everything is covered.... yikes! LadyBroker
Comp West restaurant
Posted: Tue Nov 30 -- What comp companies in CA have a product that is competitive with Comp West for restaurants? thanks... JAM
Sequoia Insurance
Posted: Tue Nov 30 -- You just made my day. We are in CA and just had a broker come to us after terminating their contract with NIA due to some serious issues we... CIScommercial
Insurance rating software
Posted: Wed Nov 24 -- Quomation comparative rater - a California broker's review price: $199 set-up +$125 / monthly for a total of $324.00 start up fees. summary:... mccloud55

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