Jan 28, 2011

Daily Headlines: Friday, January 28, 2011

Insurance Journal Daily Headlines
January 28, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Chubb Reports Q4, 2010 Results; Expects Australia Flood Losses

The Chubb Corp. reported that net income in the fourth quarter of 2010 was $620 million, compared to $695 million in the fourth quarter of ...

What Did One Car Say to the Other Car?

"Hey, Honda Civic, my friend, stay in your lane. This is a friendly message from the Ford Focus to your right." "Well hello there, Ms. ...

Report Adds Details on AIG Payments to Goldman

Insurer American International Group Inc. paid Goldman Sachs Group Inc. $2.9 billion for the investment bank's own account, a report said ...

Courts Allowing Private Facebook Posts As Evidence in Lawsuits

It's the latest litigation tactic in the online age: U.S. lawyers are trying to mine the private zones of Facebook and other social-media ...

From MyNewMarkets.com The Top Ten D&O Stories of 2010 - Conclusion

Below is the conclusion of the Top Ten D&O Stories of 2010: 7. Assessing Coverage for "Bump Up" Claims: As noted above, a significant...
East

Pennsylvania Insurance Fraud Fighters Say Media Campaign Helping

An advertising and public relations campaign by the Pennsylvania agency that coordinates insurance fraud prevention activities is ...

Massachusetts Allows for Terrorism Exclusion in Commercial Insurance

Commercial property insurers in Massachusetts will be allowed to exclude terrorism coverage from commercial fire insurance policies under a ...

Peerless Promotes Rooney, Canales

Peerless Insurance has appointed Robert M. Rooney Jr. to regional vice president, New Hampshire-Vermont region. Rooney will oversee growth ...
Midwest

Kansas Insurance Commissioner Names Birdsall Chief Actuary

Kansas Insurance Commissioner Sandy Praeger appointed Mark Birdsall, a veteran life insurance actuary, as the chief actuary for the Kansas ...

OneBeacon Technology Insurance Adds Fisk-Bieker to Management Team

OneBeacon Technology Insurance, a member of the OneBeacon Insurance Group, appointed Mary Fisk-Bieker as vice president and Central and ...

Westfield Names Rosenberg Group Administration Leader

Ohio-based property and casualty insurance provider, Westfield Group, appointed Stuart Rosenberg as its new Group Administration leader. ...
Southeast

Mississippi Commissioner Chaney to Run for Reelection

Mississippi Insurance Commissioner Mike Chaney has officially announced his intention to seek a second term. Chaney was first elected to ...

8 Floridians Get Rewards for Reporting Insurance Fraud

Eight Floridians who provided information that led to arrests and convictions in five major insurance fraud cases have been given rewards ...

Cause of Deadly West Virginia Factory Blast Still Uncertain

The U.S. Chemical Safety Board believes either metal shavings or dust were the source of an explosion that killed three men in a West ...
South Central

Texas Windstorm Insurance Assoc. to Begin Paying Commissions Monthly

The Texas Windstorm Insurance Association, the property insurer of last resort along the Texas Gulf Coast, reports that in the second ...

Home Foreclosure Filings Up in Louisiana Metro Areas

Five Louisiana metropolitan areas saw home foreclosure activity jump in 2010 as the national housing crisis spread from its initial hot ...

Oklahoma Senator Seeking Transparency in Health Insurance Rate Increases

Oklahoma State Sen. Earl Garrison wants insurance companies to be accountable to citizens and justify any rate increases. He has introduced ...
West

Ogden City Council OKs Rules for Dangerous Dogs

The Ogden, Utah, City Council has passed an ordinance requiring owners to carry $50,000 in liability insurance if their dogs are determined ...

Liberty Northwest Develops Safety Program for Montana Employers

Liberty Northwest, a Liberty Mutual Agency Corp. regional company, has announced an overall retro rating adjustment of nearly 28 percent in ...

Insurance Foundation Awards $132,000 in Community Grants

The Insurance Industry Charitable Foundation's Western Division has awarded 26 community grants totaling $132,000 to nonprofits in the ...

IBA West Installs New Officers, Directors

Insurance Brokers and Agents of the West (IBA West) has installed new officers and directors. Tim Minaka Jr., senior vice president of FIA ...

Aon Adds to Technology Practice

Aon Risk Solutions, the global risk management business of Aon Corp., announced that Shawn Ram has been promoted to national Technology ...
International

Insurance Council of Australia Takes New Initiatives in Wake of Floods

The Insurance Council of Australia (ICA) has reacted quickly to the disastrous flooding in the State of Queensland earlier this month with ...

Pulsar Re Files Suit against Lehman to Recover $450 million

Lehman Brothers Holdings has been sued by a reinsurer that wants control of $450 million it said it pledged to secure various obligations, ...

S&P Japan Ratings Downgrade Hits Insurers

Yesterday Standard & Poor's Ratings Services announced that it had lowered its sovereign rating on Japan to 'AA-' from 'AA'. The rating ...

PartnerRe Provides January 2011 Non-Life Renewal Data

Bermuda-based PartnerRe Ltd. announced that during the January 1, 2011 treaty renewal season it "expects to write and bind approximately ...

XL Insurance Names Báez-Safa Chief U/W Officer, Professional Lines Commercial Risk

XL Insurance, the global insurance operations of the XL Group, announced the appointment of Cristiana Báez-Safa as Chief Underwriting ...
Sponsored Content

New K-12 Accident Medical Program Offers Options for Public Schools and Students

Fort Wayne, Ind. - January 28 2011 - K&K Insurance, a division of Aon Underwriting Managers and a managing general underwriter offering ...
Insurance Journal Blogs

Best Practices – Standards

When an agency talks to me about working with them on their best practices, they often think this only about how to do their work with ...

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How November Elections Changed Insurance Power in Washington

The November elections brought change to Washington as Republicans took control of the House...
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Medical Marijuana Retailer High on Insurance

Sara Jane Sinclair is the CEO of Sara Jane Inc., a medical marijuana dispensary located in...

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New Discussions in the Forums

Anyone with opinion on EZBuy electronic signatures
Posted: Fri Jan 28 -- I understand you are probably trying to sell this tech Kelso. An agent is a rep for a company, and if the company likes it, and that agent... mica.cooper
Captive Agent wants to have wife open an IA.
Posted: Fri Jan 28 -- yeah, I would definitely be careful. I heard of a similar story at the place I work too with a captive insurer. Tommybarrett
High Value California Home w/2 open claims
Posted: Thu Jan 27 -- I have a few non-admitted markets that may consider a high valued risk with open claims. I would need a completed Acord 80 application with... monica reyes
(CA) Looking For Market For Long Term Tree Farm
Posted: Thu Jan 27 -- We have a client that's purchasing about 700 acres with $500,000-$1,000,000 current value of evergreen trees on it. His intentions are to... PaulN
How can a new agent obtain appointments?
Posted: Thu Jan 27 -- We have both admitted and non admitted makets and are very user friendly. Alot of our brokers work from home, so you will have access to the... robbiem
Auto Salvage / Wrecking Yard
Posted: Thu Jan 27 -- Essex will write this. Call Carol Mauslein at Med James 800-255-6503. Tell her Brady sent you. BKCPCU
Pizza Delivery Work Comp
Posted: Thu Jan 27 -- Jam, I'll try to give you the 'nutshell' version. PEOs (Professional Employer Organizations) operate by taking control of the employee base... Shagster12
FSC Pipeline anyone?
Posted: Thu Jan 27 -- Has anyone tried FSC Pipeline and would like to share their impression? Thanks. KPIA
mgas
Posted: Wed Jan 26 -- Hi, I'm new to your forum. I use MGA's and wholesalers. MGAs that have programs and have the pen are important if you have a specific class.... kiswest

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