Jan 6, 2011

Daily Headlines: Thursday, January 6, 2011

Insurance Journal Daily Headlines
January 6, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Year-End Storms Cloud P/C Insurers' Profit Picture

U.S. property insurers like Travelers Cos. Inc. and Chubb Corp. were expecting a relatively mild fourth quarter for catastrophe losses, but...

White House Oil Spill Report: Firms' Decisions Saved Money, Raised Risk

BP and its partners made a series of cost-cutting decisions that ultimately contributed to the oil spill that ravaged the Gulf of Mexico...

Whistleblower Claims Against Toyota By Former Employee Dismissed

Toyota Motor Corp. won a victory against a former company lawyer turned whistleblower as an arbitrator dismissed several claims and awarded...

Bernas Promoted to AVP, Ocean Cargo at CNA

CNA has promoted Mark Bernas to assistant vice president of Ocean Cargo division. In this role, Bernas will manage the growth and...

NAS Insurance Expands Home Health, Nurse Registry Coverage, Reduces Rates

NAS Insurance Services has expanded its coverage for Home Health Agencies and Nurse Registries. Rates have also been reduced in these select...

XL Insurance, Jorgensen & Co. Partner to Provide Accountants E&O Insurance

XL Insurance, the global insurance operations of XL Group, and Jorgensen & Co., a specialist professional liability managing general...

Consensus: Consumer Education Needed to Reduce Disaster Losses

With more than 50 percent of the country's population living in coastal counties, there is an urgent and extensive need to convince...

From MyNewMarkets.com MyNewMarkets.com 2011 Editorial Calendar

The MyNewMarkets.com Editorial Calendar for 2011 is now available on the site. Article Submissions: Please e-mail aoconnor@mynewmarkets.com...
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East

Pennsylvania Trench Collapse Kills 1, Injures Another

Authorities say a trench collapse in eastern Pennsylvania has killed one construction worker and injured another. Allentown fire officials...

Study Says No-Fault Fraud A Major Problem in New York City

Nearly one out of every five no-fault auto insurance claims closed in the New York City area in 2010 appears to have elements of fraud,...

Maine Licenses Two New Insurers

Maine has licensed two new workers' comp insurers, one of them a new company that will begin writing this month, the state insurance...
Midwest

Nickel Named Wisconsin Insurance Commissioner

Wisconsin Gov. Scott Walker has appointed Ted Nickel, an insurance company veteran, as commissioner of insurance and Dan Schwartzer, an...

ND, SD Auto Insurance Premiums Among Lowest

North Dakota Insurance Commissioner Adam Hamm says auto insurance premiums paid by drivers in the Dakotas remain among the lowest in the...

Marsh & McLennan Agency Acquires Minnesota-based RJF Agencies

Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc., announced it has RJF Agencies Inc., one of the largest...

Wasson Appointed General Counsel at Central Insurance

Central Insurance Companies, headquartered in Van Wert, Ohio, appointed Christopher E. Wasson as general counsel for both Central Mutual and...

Illinois Begins Probe of Prison's Worker Comp Claims

Illinois state insurance fraud officials have launched an investigation of a southwestern Illinois prison where nearly $10 million in...

Kansas to Receive $500K in AIG Workers' Comp Settlement

A signed legal settlement with American International Group will net the State of Kansas general fund $500,000, according to Sandy Praeger,...
Southeast

Mine Safety Agency Wins Order Over Unsafe Massey Mine in Kentucky

Federal mine safety officials have won a settlement with Massey Energy that requires the firm to immediately take safety measures at one of...

Hub Acquires Florida's Farr Agency

Insurance broker Hub International Limited has acquired the assets of Farr Insurance Group, a Venice, Florida-based insurance brokerage...

Lenhart Joins Beecher Carlson's National Manufacturing Team

Insurance broker and consultant Beecher Carlson said it has expanded its National Manufacturing Team with the appointment of Bill Lenhart as...

USG Adds Holloman as Broker in Georgia

National wholesale broker USG Insurance Services, Inc. has added Jason Holloman as a property broker specializing in large commercial and...
Texas / South Central

Texas Insurance Commissioner Geeslin to Step Down

Texas Insurance Commissioner Mike Geeslin has announced that he will not seek another term as head of the Texas Department of Insurance. His...

Ex-Airport Director Pleads Guilty in Katrina Insurance Fraud Case

The former director of aviation at New Orleans' Louis Armstrong International Airport pleaded guilty to obstruction of justice for his role...

Texas Mutual Returns $2.1M Dividend to Texas Restaurant Assoc.

Texas Mutual Insurance Company announced a $2,130,561 dividend to the Texas Restaurant Association (TRA) workers' compensation purchasing...
West

Wiseman Insurance Agency Joins ISU Network

Wiseman Insurance Agency has joined the ISU Network, ISU International announced. Founded in 1935, ISU Wiseman Insurance Agency has been a...

Woodruff-Sawyer Names Stygar Account Manager

San Francisco-based Woodruff-Sawyer & Co.,an independent insurance broker, has named Ann Stygar an account manager, Employee Benefits in...

One Risk Group Names Sweeney VP

Pleasanton, Calif.-based One Risk Group LLC, a Bay Area property and casualty insurance brokerage, has hired Tim Sweeney as a vice...
International

Willis Energy Facility Provides Additional Capacity for Oil/Gas Sector

Willis Group Holdings announced the creation of a new facility designed to provide additional underwriting capacity for the oil and gas...

Abel to Head Brokerage Operations of Cooper Gay Non-marine Team

Cooper Gay, the independent global wholesale, reinsurance and specialist retail insurance broker, has appointed Alan Abel as head of broking...
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Insurance Journal TV

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Calif. Commissioner Poizner: Insurance Agent Advice Critical to Commissioner Position

Steve Poizner was California's third elected insurance commissioner. Almost immediately upon...

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New Discussions in the Forums

Farmers Refuses to Pay Botched Auto Repair
Posted: Thu Jan 6 -- Claimsguy- By your name I will assume that you know what you're talking about. But, man, that seems incredible to me. I know CA has some... sacman
Open Office Next to Geico
Posted: Thu Jan 6 -- That'd be like having a Lowe's and Home Depot side by side. Not smart. Big Dog
Has anyone had a DMV audit?
Posted: Wed Jan 5 -- Most common audit findings: 1. Failure to maintain records/documents to justify and support proper use of requested information. All... Erik M. Olsen, CIC
Farmers Insurance
Posted: Wed Jan 5 -- Zurich takes more like 15 to 18% off the top, even before Farmers' light bill is paid. There is a reason most Departments of Insurance no... lonestar
Building Ordinance or Law on Commercial Building
Posted: Tue Jan 4 -- I read that 50% bonus depreciation is not available for things that have useful lives greater than 20 years. I believe that a new roof on a... prince987
2011 Planning - Growth Starts With Improved Retention
Posted: Tue Jan 4 -- I agree completely. If you can increase your retention, your income grows. An agency with $500K in commissions coming in will increase their... justthere
Best Personal lines rates in CA
Posted: Tue Jan 4 -- I relocated just before going Career. FIG doesn't do transfers so they wanted me to re-start the Reserve program again in my new location.... RKunz2

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