Dec 30, 2010

Daily Headlines: Thursday, December 30, 2010

Insurance Journal Daily Headlines
December 30, 2010
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

BP's Gulf Spill Costs Look Manageable 8 Months Later

As the Gulf oil spill gushed out of control, BP's financial liabilities seemed big enough to sink the company. No more. Cleanup, government...

How to Fix Nation's Flood Insurance Program

The Federal Emergency Management Agency (FEMA) is seeking a top-to-bottom review of the efforts to reform the nation's flood insurance...

Reinsurance Renewal Rates On the Decline, Reports Claim

Reinsurance rates for 2011 are falling at the same or greater pace than traditional insurers and further softening of the market is to come,...

Report: Some Insurers 'Low-Balling' Auto Insurance Claims for Bodily Injury

Some insurance companies that use computerized systems to process their claims are making unfair, "low-ball" claims offers to people injured...

Top 5 Things Affecting Excess & Surplus Market in 2011

It has been a challenging few years for those in the excess and surplus (E&S) lines insurance market. An endless soft market, extreme...

From MyNewMarkets.com Top Brokers, Munich Re Pool Efforts to Expand Insurance for Oil Drilling

The world's top three insurance brokers have joined reinsurer Munich Re to promote a major expansion in risk coverage for deepwater drilling...
East

Federal Judge Tosses Pennsylvania Bar Patron's Shooting Lawsuit

A federal judge in Pittsburgh has dismissed a lawsuit filed by a bar patron who claims he and another customer should have been searched for...

Connecticut Bar Agrees to Penalty in Crash Case

A Connecticut bar has agreed to pay a $5,000 fine and have its license suspended for 10 days for serving two customers who were killed in a...

ABRY Acquires Majority Interest in York

A Boston private equity firm has acquired a majority interest in New Jersey-based York Risk Services Group. ABRY Partners purchased the...

Holloman Joins USG

Pennsylvania-based wholesaler USG Insurance Services has named Jason Holloman as property broker specializing in large commercial and...
Midwest

2 Missouri Employers Jailed for Noncompliance With OSHA Citations

The U.S. Department of Labor's Occupational Safety and Health Administration announced the arrest of two St. Louis, Mo., employers for...

Insurance Program Managers Group Opens St. Louis Office

Insurance Program Managers Group LLC of St. Charles, Ill., has opened a St. Louis, Mo., location. The office is operating under the name...
Southeast

Florida Limit on Public Adjuster Solicitation Ruled Unconstitutional

A Florida court has thrown out a rule banning public adjusters from soliciting claimants within 48 hours of a disaster or other insurance...

Immunity for Medicaid Providers Would Cost Taxpayers: Florida CFO Sink

Shielding Medicaid providers from lawsuits for negligent acts could cost Florida's taxpayers an estimated $69 million per year in payments...

11 Arrested in Florida on Staged Accident Charges

A yearlong investigation targeting insurance fraud has resulted in 11 arrests and three pending arrests connected with four Florida...

Florida Student Settles Over Facebook Suspension

A girl suspended from a Broward County charter school after she criticized a teacher on Facebook has settled a federal lawsuit against the...
Texas / South Central

Louisiana's Stonetrust Commercial Insurance Adds 3 to Management Team

Stonetrust Commercial Insurance Co., a Louisiana-based workers' compensation insurer, has added the following individuals to its management...

Texas' Adoption of Pharmacy Fee Guidelines Averts Delivery Disruption

Texas Commissioner of Workers' Compensation Rod Bordelon recently signed an emergency rule adopting amendments to the workers' comp pharmacy...

Texas Q1 2011 Workers' Comp Discount, Interest Rate Set at 3.8%

The Texas Department of Insurance, Division of Workers' Compensation (TDI-DWC) has set at 3.8 percent the workers' compensation interest and...
West

Calif. Commissioner Poizner: Insurance Agent Advice Critical to Regulator Post

As California's third elected insurance commissioner, Steve Poizner has had a wealth of accomplishments. Among other things, he: reduced the...

Wood Gutmann & Bogart Forms Silicon Valley RIsk and Insurance Services

Wood Gutmann & Bogart Insurance Brokers headquartered in Tustin, Calif., has announced the formation of Silicon Valley Risk and...

Intoxicated New Mexico Worker Still Entitled to Workers' Comp Benefits

A New Mexico Court of Appeal has ruled that a Las Cruces city employee who fell off a garbage truck while intoxicated is still eligible to...

Wood Gutmann & Bogart Acquires Barlocker Insurance Services

Wood Gutmann & Bogart Insurance Brokers announced it has completed the acquisition of the assets from Barlocker Insurance Services of...

Calif. Commissioner-Elect Jones Makes Executive Appointments

California Insurance Commissioner-Elect has appointed his executive team at the Department of Insurance. The team includes: Chief Deputy...
International

Rising Rivers Prompt Evacuations of Australian Towns

The military flew out a town's entire population of 300 people by helicopter Wednesday in eastern Australia where waters continued to rise...

UK Homeowners Insurance is Biggest Fraud Target; $3.55 Million a Day

Home insurance is now the number one target for insurance fraudsters according to the hundreds of fraudulent insurance claims exposed every...

Carlyle Group Sells $860 Million Stake in China Pacific -Sources

Carlyle Group has sold a 2.5 percent stake worth around $860 million in China Pacific Insurance (Group) Co Ltd, sources said, helping the...

Lloyd's Does Well in a Tough Year

Lloyd's year-end review shows that, like the rest of the industry it faced a number of challenges in a difficult year. Low interest rates...

Munich Re Invests $3.31 Billion in German Wind Power Plants

Munich Re, via its asset manager MEAG, has concluded a significant investment deal involving wind power plants in Germany. It announced that...
Insurance Journal Blogs

The close of 2010

Merry Christmas to all of you. I hope you are blessedwith good health, happiness and the spirit of giving in 2011. David Connolly

Join the Insurance Journal Network

Twitter Facebook LinkedIn


Insurance Journal TV

Video thumbnail

Brand Camp Explores New Ways to Connect with Customers and Peers

Take a bunch of insurance professionals, put them together a room to study marketing...

TV icon Watch more videos at InsuranceJournal.tv

New Discussions in the Forums

Farmers E & O vs. UFAA
Posted: Wed Dec 29 -- bartman, if you compare the Farmers E & O plan versus the UFAA plan, you will realize that the UFAA policy is a superior policy. Pay... lonestar
Farmers Insurance
Posted: Wed Dec 29 -- Bennet, do yourself a favor: Run away from this DM and Farmers as fast as you can. I recently left after 11 years. It will not get better,... lonestar
SIAA vs. Cluster?
Posted: Wed Dec 29 -- Haven't been on this site for a while. Todd if your still out there and want to talk, let me know. Steley- I agree 100% with you. SIAA is... sacman
Farmers Refuses to Pay Botched Auto Repair
Posted: Wed Dec 29 -- It is no secret that I am not a fan of Farmers, however, I do consider myself a fair minded individual. This is NOT Farmers fault and... sacman
Co-signer for Auto Loan
Posted: Wed Dec 29 -- Simi, He absolutely has exposure. He does NOT have coverage on his personal auto policy, since owned vehicles must be listed on his policy.... sacman
CPCU 510 woes
Posted: Wed Dec 29 -- I just am looking to sign up for a 510 test in January or February of 2011. I see they changed the CPCU 510 course with the CPCU 500 course.... tbob2985

Current Issue

Current Issue
2011 Market Fact Book and Buyer's Guide; (including all 2010 Surveys in one convenient place!)
December 20, 2010

More Newsletters

Choose Newsletters
Enter Your E-mail

How to Advertise

For information about advertising on this newsletter and Insurance Journal magazines, contact Julie Tinney at (800) 897-9965 x148.
View our Media Kit for advertising options in our magazines and online properties.
Insurance Journal
3570 Camino del Rio North, Suite 200
San Diego, CA 92108
(800) 897-9965
Copyright © 2010 by Wells Publishing, Inc.

No comments:

Post a Comment