Jan 27, 2011

Daily Headlines: Thursday, January 27, 2011

Insurance Journal Daily Headlines
January 27, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

What the Financial Crisis Commission Concluded About AIG’s Failure

The taxpayer bailout of giant American International Group (AIG) became necessary largely because of AIG's poor risk management of its ...

P/C Insurers Like Some of Obama’s State of Union Promises

Property/casualty insurers found things to like in President Obama's State of the Union speech that was largely focused on the economy ...

Divided Financial Crisis Panel Spreads the Blame

A deeply divided U.S. investigative panel issued a scathing critique of the culture of deregulation championed by Former Federal Reserve ...

Democrats Vow to Pursue Oil Spill Liability Bill

U.S. Democrats Wednesday pressed for new legislation aimed at preventing a repeat of last year's massive BP oil spill, as Republicans ...

From MyNewMarkets.com The Top D&O Stories of 2010 - Part 2

Below are stories four through seven from the "Top 10 D&O Stories of 2010" list. 4. Credit Crisis Lawsuit Settlements: The Dog that...
East

OSHA Fines New Hampshire Paper Company in Worker Death

A federal agency is fining a New Hampshire paper company for intentional safety violations in the death of a 34-year-old worker who was ...

Bollinger Acquires Charles G. Treloar Agency

New Jersey-based broker Bollinger has acquired Charles G. Treloar Agency Inc. of Kenvil, New Jersey. Terms of the deal were not disclosed. ...

Pasquale Named Top Exec at Oryx

New York-based program administrator Oryx Insurance has appointed Thomas A. Pasquale as president and CEO. Pasquale will oversee the ...
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Midwest

Iowa Employment Agency Owner Pleads Not Guilty to Fraud Indictment

The owner of a Des Moines, Iowa, employment agency has pleaded not guilty to federal fraud charges. Dinesh "Dan" Sethi is accused of ...

Iowa Football Players Hospitalized After Strenuous Workouts

The University of Iowa says 12 football players have been hospitalized for symptoms likely related to offseason workouts. The school has ...
Southeast

Mississippi AG Wants Judge to Take Over BP Oil Spill Claims

Mississippi Attorney General Jim Hood is asking for the federal judge in charge of the litigation surrounding the BP oil spill to take over ...

Atlantic Casualty Names New Vice President of Claims

The Atlantic Casualty Insurance Co., a member of the Strickland Insurance Group, has tapped Lawrence F. (Larry) McAuliffe to serve as the ...

Mississippi Supreme Court Asked to Rule on State’s Limit on Damages

A federal appeals panel is asking the Mississippi Supreme Court if state law that limits non-economic damages to $1 million in civil cases ...

Judge Permits Mississippi Whistleblower Case Against Insurer

U.S. District Judge L.T. Senter Jr. has declined to dismiss a whistleblower lawsuit filed against State Farm Fire & Casualty Co. State ...
South Central

Oklahoma Lawmaker, Manufactured Housing Assoc. Tackling Tornado Safety

Oklahoma State Rep. Pat Ownbey and the Manufactured Housing Association of Oklahoma Board of Directors' are seeking to develop sample ...

Louisiana Gained 26,300 Non-Farm Jobs in 2010

Louisiana added 26,300 non-farm jobs in 2010 as it continued to plow through a slow economic recovery, state labor officials said. The ...

Arkansas Panel Votes Down Bill Attacking Federal Health Insurance Overhaul

A legislative committee in Arkansas has blocked an attempt to reject a key portion of the federal health care overhaul, while another group ...
West

Sacramento Approves ‘Crash Tax’

The Sacramento City Council has adopted a city ordinance approving a "crash tax" on out of town automobile drivers. The "fire recovery ...

Lawson-Hawks Acquires Christopher Lee Insurance Services

Lawson-Hawks Insurance Associates Inc., a regional independent insurance broker based in Mountain View, Calif., announced it has acquired ...
International

Ironshore Expands Political Risk Division for European Platform in Dublin

Ironshore Inc. has named P. Donald Harkey to head the Political Risk unit for Ironshore Europe Limited, based in Dublin.  In addition, ...

Davos Leaders Warn on Food Inflation, Speculation amid Mideast Unrest

World leaders warned on Thursday that soaring food prices risked stoking unrest and even war, but top executives meeting in the Swiss ...

Swiss Re Calls for Increased Role for Public-private Partnerships in Disaster Relief

Swiss Re notes that the "increasing severity and frequency of natural catastrophes are driving up the cost of disaster relief, especially ...

Australia Imposes New Tax to Fund Flood Recovery

Australia's minority Labor government imposed a reconstruction tax and cut environmental spending on Thursday to help fund the recovery ...

UK’s Managing General Agents Take Further Steps to Create Association

The next step in the launch of the UK's Managing General Agents' Association (MGAA) was successfully achieved this week, following the ...

RMS Analyzes Terrorist Attack at Moscow's Domodedovo Airport

Risk Management Solutions has analyzed the circumstances pertaining to the bombing at Domodedovo airport in Moscow on Monday, which killed ...

ACE Group Appoints Hager to Head Japan P&C, A&H Business

The ACE Group announced that Jeffery Hager has been appointed Regional President, ACE Far East, responsible for ACE's property and ...

Huber Named as New Project Coordinator for FERMA Team

The Federation of European Risk Management Associations (FERMA) has expanded its office team with the appointment of Silke Huber as project ...

Manley to Join Zurich’s Board

Zurich Financial Services Group announced the appointment of Patrick Manley (49, Irish citizen) to its Group Management Board, subject to ...

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How November Elections Changed Insurance Power in Washington

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New Discussions in the Forums

Auto Salvage / Wrecking Yard
Posted: Thu Jan 27 -- This is more of a surplus lines product. We have a farmers guy in our office and he looked at the appetite guide and it does not look like... JAM
Pizza Delivery Work Comp
Posted: Thu Jan 27 -- I'm not familiar with the PEO model. Can you explain further. JAM
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
Open Office Next to Geico
Posted: Tue Jan 25 -- This looks like something that they (the GEICO agent) would have potential damages from the Landlord since you're not a party to their... gregcw
How can a new agent obtain appointments?
Posted: Tue Jan 25 -- You could also look in to providers such as insurance noodle, secure access etc... there are also wholesalers out there, like appalachian... briand

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