Dec 15, 2010

Daily Headlines: Wednesday, December 15, 2010

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Insurance Journal Daily Headlines
December 15, 2010
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Today's Headlines

National

Justice Department to Appeal Virginia Healthcare Ruling

The Justice Department said Tuesday it intends to appeal to a U.S. appeals court a ruling by a judge in Virginia declaring a key part of...

Senate Expected to Pass Tax Cuts; House Democrats Balk at Estate Tax

President Barack Obama's sweeping plan to extend expiring tax cuts for millions of Americans headed for overwhelming passage in the U.S....

U.S. Expected to Join Lawsuits Over Gulf Oil Disaster

The U.S. Justice Department is expected to announce as early as Wednesday its first significant legal action stemming from the BP oil spill...

Do Today's Entry Level Employees Lack Professionalism?

Students aren't making the grade as professionals in the workplace, according to an annual survey on the state of professionalism among...

Insurer Launches Ad Campaign Within Facebook Game 'Car Town'

Building its brand messages directly into the game play of the popular social game Car Town – the only game on Facebook built around...

Allied World Reinsurance U.S. Launches Global Marine, Specialty Division

Allied World Reinsurance has launched a global Marine and Specialty Division that will initially offer reinsurance for marine, aviation,...

Austin Mutual Enhances Business Owner Program

Austin Mutual Insurance Co., a regional property casualty insurer, has unveiled an enhanced business owner program to specifically meet the...

From MyNewMarkets.com Seniors in Assisted Living Facilities Lack Personal Liabilty Insurance, New Product Fills Gap

Senior citizens have a lot to worry about but perhaps one of the most stressful worries they face is the loss of independence. For some...
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East

Massachusetts Jury Orders Tobacco Firm to Pay $71 Million to Family

A jury Tuesday ordered U.S. cigarette maker Lorillard Inc. to pay damages to a dead smoker's family for allegedly enticing the woman and...

Couple Hurt When Pennsylvania House Explodes; Cause Unknown

Authorities say a northwestern Pennsylvania couple is expected to recover from their injuries in an explosion and fire that destroyed their...

Federal Tax Case Leads to Workers' Comp Fraud Charges in New York

A federal tax fraud case against a Bronx tax preparer touched off a workers' comp fraud case against the woman who is now charged with...
New Class: The Real Effects of Granting Additional Insured Status -- Register Now
Midwest

A.M. Best Affirms Ratings of Cincinnati Financial and Subs

A.M. Best Co. has affirmed the financial strength rating (FSR) of A+ (Superior) and issuer credit ratings (ICR) of "aa" of Cincinnati,...

Former Ohio Clinical Counselor Pleads Guilty to Insurance Fraud

A former clinical counselor in the Finlay, Ohio-area has pled guilty to insurance fraud. Authorities say John Blain Frankenburg, also known...
Southeast

Florida Growers Reporting Ice Damage to Orange Crop

Citrus growers in central Florida reported ice damage to their orange fruit and groves Wednesday after overnight temperatures dropped to...

Man Seeks $8 Million Over Alleged Police Beating in Alabama

A man has filed a federal lawsuit over his claim that two Russell County, Ala. deputy sheriffs beat him while a Phenix City police officer...

Northeast Florida Agents Group Inducts New Directors

The Independent Insurance Agents of Northeast Florida (IIANF) inducted its 2010-2011 board of directors recently. The IIANF board consists...
Texas / South Central

AAU Expands Personal Lines Division in Louisiana

Allied American Underwriters (AAU), a national program manager and subsidiary of USG Holding/USG Insurance Services, introduced Richard...

Texas Work Comp Enforcements for November Include Fines Up to $60K

Final disciplinary actions taken by the Texas Department of Insurance, Division of Workers' Compensation (TDI-DWC) for November 2010 include...

Texas Independent Agent Named Trusted Choice Hometown Hero

The Independent Insurance Agents of Texas (IIAT) has named Steve Barksdale, vice president at Bancorp South Insurance Services Inc., in...
West

Alaska Loses Claim Against BP for Lost Taxes from 2006 Oil Spill

An Alaska judge has dismissed the state's claim that BP owes several hundreds of millions of dollars in tax revenues the state claims it...

Calif. Commissioner Removes 4 From Barred Iran Investments List

California Insurance Commissioner Steve Poizner announced that the California Department of Insurance (CDI) has removed Royal Dutch Shell...

LaBarre/Oksnee Insurance Acquires N.C. Dundas and Associates

Aliso Viejo, Calif.-based LaBarre/Oksnee Insurance has acquired the N.C. Dundas and Associates, a commercial insurance brokerage firm. The...

Calif. Workers' Comp Indemnity Claim Costs Significantly Higher

California's workers' comp insurers wrote approximately 10 percent more premium the first nine months of 2010 compared to 2009, according to...
International

Droughts, Floods, Snow and Cold Hit Global Commodities

Droughts and deluges in Australia, snow in Europe and cold snaps in the United States are pushing up prices of a range of commodities from...

James Saft: EU Must Choose Its Lies Wisely

You can lie to taxpayers or you can lie to creditors, European authorities are learning, but doing both at the same time is very hard. The...

Swiss Re's New sigma Study Highlights 'Relevance of Microinsurance'

Swiss Re's latest sigma study - "Microinsurance - risk protection for 4 billion people" - emphasizes the relevance of microinsurance as an...

WTO's Lamy Tells Negotiators to Push for Doha Deal

Members of the World Trade Organization are showing new energy and determination to reach a global trade deal but must now abandon fixed...

PartnerRe Ups New Zealand Quake Loss Estimates to $140-$160 Million

Bermuda-based PartnerRe Ltd. Has updated its loss estimate relating to the September 3, 2010 New Zealand earthquake. The Company said it...

Marsh Hires Henaes and Hareide for Norwegian Energy Team

Marsh announced that it has boosted its Norwegian energy practice through the appointment of Grete Henaes and Tormod Hareide, who will...

Aon Benfield Names Jing Ping Zhang to Head China Facultative Operations

Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corporation announced the appointment of Jing Ping Zhang as...
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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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New Discussions in the Forums

TX - Galveston County Dwelling Wind Coverage
Posted: Tue Dec 14 -- And that's what I'm looking for, an MGA that has one of those contracts. This particular property was not damaged by Ike, other than needing... 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
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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