Dec 14, 2010

Daily Headlines: Tuesday, December 14, 2010

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Insurance Journal Daily Headlines
December 14, 2010
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Status of Legal Challenges to Obama Health Reform Law

Within hours of President Barack Obama signing into law last March the healthcare reforms he had championed, several states filed lawsuits...

Obama Team Confident of Ultimate Win on Health Insurance Law

The U.S. Justice Department is confident it will ultimately prevail in defending a key part of President Barack Obama's landmark healthcare...

Gulf Oil Spill Claimants Offered 'Quick Pay' Option

The administrator of BP Plc's $20 billion fund to compensate U.S. Gulf Coast residents affected by the oil spill said Monday he would speed...

Women Still Lag in Corporate Pay, Promotions: Study

Women saw little advancement in pay and corporate boardrooms in 2010, extending a trend in which companies have lagged in promoting women, a...

Chartis Expands Education, Training Options to Private Client Group

Chartis has expanded its Private Client Group University ("PCG-U"), a continuing education and training program designed for insurance and...

IronHealth Releases Loss Portfolio Transfer for Medical Liability Sector

IronHealth, the specialty healthcare unit of Ironshore Inc., has developed the Loss Portfolio Transfer Plus Program to meet the needs of...

Petersen Offers Disability Plan for Military Doctors, Dentists

Petersen International Underwriters has unveiled a new disability insurance program designed specifically for military doctors and dentists....

Insurance Receivers, Asset Recovery Groups Partner on Credentials

Two insurance groups are joining to improve the skills of those helping troubled insurers recover assets and those going after people who...

XL Makes New Appoints to Construction Practice

Insurer XL has made eight new appointments to its North American Construction team. Gregory P. McKiernan will serve as senior vice president...

Winters Promoted to Head of Casualty for Global Corporate at Zurich

Zurich has promoted Brian Winters to head of Casualty for its Global Corporate in North America (GCiNA) business. Winters was previously...

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 this Wednesday -- Use Workers Comp to Stand Out from the Crowd -- learn more
East

State: Utility Not to Blame in New Hampshire Power Shutoff Death

State regulators said an electric utility acted appropriately when it shut off power to a woman who didn't pay her power bill and died after...

Rhode Island Drivers Who Pay Tickets by Mail Escape Scrutiny

An analysis finds some Rhode Island drivers are moving unnoticed through the system and staying behind the wheel despite multiple...

Officials Investigate Link in Cape Cod Arsons

Officials say they are investigating similarities between arsons in two Cape Cod towns where someone left messages condemning wealthy...

Delaware Jury Goes Easy on Parish in Abuse Verdict

A Delaware jury that broke precedent by placing some of the blame for a priest abuse case with the local parish has gone light on the...
Midwest

Insurance Navy, Insure US Consolidating Services in Midwest

Chicago-based auto insurance provider, Insurance Navy, and business insurance provider Insure US Corp have agreed to consolidate their...

Missouri Health Plan Loses Enrollees

Enrollment in Missouri's health care plan for state workers and retirees has fallen almost 5 percent after the state announced it was making...
New Class: The Real Effects of Granting Additional Insured Status -- Register Now
Southeast

Outlook: South Carolina Economy to Improve Slowly in 2011

The South Carolina economy improved in 2010 and will continue to recover in 2011 with better job growth. But the improvement next year will...

State Says Massey CEO Won't Testify in Mine Explosion Probe

Outgoing Massey Energy executive Don Blankenship is refusing to testify as planned next week about the explosion at the Upper Big Branch...

Georgia's N-Surance Outlets Names Alexander Underwriting Manager

Gary Alexander has been named underwriting manager at N-Surance Outlets, a regional propertyt/casualty managing general agency based in...
Texas / South Central

ACE USA Appoints Mattheessen, Vest to Leadership Positions in Texas

ACE USA, the U.S.-based retail operating division of the ACE Group, has appointed Keith Mattheessen as senior vice president for ACE Risk...

Earley Joins Staff at JDW Insurance

El Paso, Texas-based JDW Insurance has appointed Roxanne Earley as an account executive in the JDW Life & Health Benefits...

Crone to Direct Planning for Health Exchange in Arkansas

Arkansas Insurance Commissioner Jay Bradford announced that Cynthia Crone of Little Rock has been hired to assist the Arkansas Insurance...
West

Dec. 15 Most Dangerous Day for California Drivers

More Californians crash their cars on December 15 than any other day of the year, according to an Allstate Insurance Co. review of its...
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International

An Analysis on Climate Talks: 18 Years, too Little Action?

"I was born in 1992. You have been negotiating all my life. You cannot tell us that you need more time,'' Christina Ora of the Solomon...

RMS Analyzes Sweden Bomb Attack

On Saturday, December 11, a car bomb detonated in Stockholm, Sweden, in the busy shopping center of Drottninggatan. Shortly after, another...

P&I Insurance Market Makes a Record Comeback Says Willis Report

A new report from Willis Group Holdings notes that "investment income in the Protection and Indemnity (P&I) insurance market, which...

Beazley Withdraws Offer for Hardy after 'Final Proposal' is Rejected

In a brief announcement Lloyd's insurers Beazley plc and Hardy Underwriting Bermuda Limited noted that Beazley has withdrawn its offer to...

Swiss Re Secures $106.5 Million Vega Cat Bond for Multiple Perils

Swiss Re announced that it has obtained $106.5 million in coverage "against North Atlantic hurricane, European windstorm, Californian...

ACE Opens Larger Office In England

ACE has opened larger premises in Watford, England to meet the growing demands and needs of local brokers. The availability of its suite of...
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

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New Discussions in the Forums

TX - Galveston County Dwelling Wind Coverage
Posted: Tue Dec 14 -- Need a market for a dwelling policy including wind in Galveston County - 77650 ZIP code. okt0ber
Encompass VS. Kemper
Posted: Mon Dec 13 -- Can't comment on Encompass. The new Kemper (Unitrin company) is a preferred carrier here in Calif. Their approach is focusing on package... wariline
Commercial vs Personal CPCU
Posted: Mon Dec 13 -- It depends on what's your planned carrer path. Assuming you're a producer or CSR, I'd say go commercial if your personal & commercial split... wariline
high value homes
Posted: Mon Dec 13 -- Allied has a new private client program, which I believe is targeting AIG/Chubb/Fireman's fund clients. wariline
Agency Management System
Posted: Mon Dec 13 -- So much information in this topic it is hard to digest it all. Our agency is a somewhat unique situation. We are a new agency with less than... Istevens
Ex-Dates
Posted: Mon Dec 13 -- "Jimmy, Was wondering if you could give us an update on the program you mentioned now that it's well over a year... jimmyr1978
Credit cards for commercial
Posted: Mon Dec 13 -- Well, suddenly you will find a huge chunk of your commissions going up in smoke to credit card fees. So be prepared to either make a lot... KPIA

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