Dec 7, 2010

Daily Headlines: Tuesday, December 7, 2010

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Insurance Journal Daily Headlines
December 7, 2010
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Independent Agency Population Holds Steady as Start-Ups Keep Pace with Mergers

The total number of independent agencies in the country remains stable at around 37,500 as start-ups have kept pace with agency mergers and...

Alterra Capital Appoints Gamble Managing Director of Alterra USA

Bermuda-based Alterra Capital Holdings Limited announced the appointment of Daniel G. Gamble as Managing Director of Alterra USA. Gamble has...

AAIS to File Revised, Expanded Commercial Umbrella Program

The American Association of Insurance Services (AAIS) is initiating a countrywide filing of a revised, expanded commercial umbrella program....

NAIFA Endorsed Professional Liability Program Moves to CalSurance

CalSurance Associates, a division of Brown & Brown of California Inc., has been named the professional liability insurance broker and...

From MyNewMarkets.com Do Employers Have False Sense of Security About Social Media Coverage?

Many businesses may incorrectly assume they are insured for social media risks but the reality is that insurance policies have not kept up...
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East

Sky-High Premiums Force Closure of New Hampshire Flight School

The flight school at New Hampshire's Lebanon Municipal Airport has disbanded. Greg Soho of Signal Aviation, which ran the school, says the...

Pennsylvania Police: Arson Gutted Civil War-Themed Chapel

A fire that destroyed a controversi al Civil War-themed chapel in Gettysburg, Pennsylvania was set intentionally, police said. There are no...
Midwest

Donegal Group Inc. Acquires Michigan Insurance Co.

Donegal Group Inc. announced that it had completed the acquisition of Michigan Insurance Co., which was formerly a majority-owned subsidiary...

MJ Insurance Adds Brodie, Moore

Indianapolis, Ind.-based independent agency MJ Insurance announced it has added Tamra Brodie as marketing underwriter in the Employee...

PowerGuard Specialty Insurance Names Hilsendager VP

PowerGuard Specialty Insurance Services, a managing general agent and Lloyds cover holder specializing in insurance and risk management...
Southeast

Alabama Gov. Riley Alleges Extortion by BP Claims Fund

President Barack Obama should intervene to stop the $20 billion BP oil spill compensation fund from depriving claimants of their rights,...

Alabama High Court Reinstates Suit Over Deadly Bus Crash

Victims of a 2006 school bus crash that killed four high school students and injured two dozen others in Huntsville four years ago can move...

First Home Seeks 39% Rate Hike in Florida

Florida officials will hold a hearing today on a proposed statewide average home insurance rate hike of 39.3 rate increase for First Home...
Texas / South Central

Texas High Court Reverses Denial of Work Comp for at Home Worker

An insurance company improperly denied workers' compensation coverage for a woman injured while traveling in a company car from one...

Katrina-Related Case Loses Class Action Status in Louisiana

The Louisiana Supreme Court recently decertified as a class a lawsuit stemming from Hurricane Katrina that a lower court had previously...

Texas to Prohibit Discretionary Clauses in Policies Beginning Feb. 1

The Texas Commissioner of Insurance Mike Geeslin has adopted three rules proposed by the Office of Public Insurance Counsel that prohibit...
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West

Insurance Industry Outlook Improving, Slightly

The insurance industry is recovering from the economic crisis, but profits are nowhere near where they were prior to the crisis, and it will...

Court: Expert Testimony Can't Be Excluded From Medical Malpractice Case

A Colorado Supreme Court has ruled that a defense expert can testify in a medical malpractice case even though a defendant failed to produce...

Fireman's Fund Expands Green Credit For Oregon Homeowners

Fireman's Fund Insurance Co., the nation's first provider of green insurance, has expanded the credit for green homeowners in Oregon to...

E-Comp OffersPay-As-You-Go Workers' Comp Program

Pleasanton, Calif.-based E-Comp has released a wholesale broker program called E-Comp that allows brokers to compete in the pay-as-you-go...
International

Lloyd's Warns of 'Increasing Stress' on Water Resources

"Water scarcity is a pressing problem around the world - and not just in countries that have an arid climate," warned Lloyd's in its latest...

Pirates Hijack Cargo Ship with 25 People aboard off India

Suspected Somali pirates hijacked a Bangladeshi ship carrying nickel ore in the Arabian Sea and appear headed to the lawless East African...

Aon Launches Extended Restaurant Brand Protection Policy

Aon Risk Solutions, Aon's global risk management division, announced that it has developed an insurance policy that provides a greater level...
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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

SIAA vs. Cluster?
Posted: Sat Dec 4 -- Can't comment on clusters, and I wouldn't say that SIAA the right answer for all agencies, though larger agencies that don't want to acquire... Steley123
Commission Splits
Posted: Sat Dec 4 -- I have made it a policy to always be willing to trade value for value. Quantifying reciprocal value will typically answer the question. That... Steley123
Agency Management System
Posted: Sat Dec 4 -- Whatever choice is made, consider the prevailing trend in information systems. Desktop and server based systems are rapidly being replaced... Steley123
Pay As You Go rating
Posted: Fri Dec 3 -- So CA has approved PAYG rating? Are they insane? We all know that credit profiling is the ONLY guaranteed way to determine loss potential.... darnovak

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