Jan 18, 2011

Daily Headlines: Tuesday, January 18, 2011

Insurance Journal Daily Headlines
January 18, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Chartis Launches Hospitality Industry Coverage Enhancements

Chartis has introduced a series of coverage enhancements, developed by its Commercial Casualty division, to address the unique casualty ...

Senator Targets Workers’ Compensation Pay to Elderly Federal Employees

More than 1,000 federal workers aged 80 and older are receiving workers' compensation benefits even though they likely have no intention ...

President Obama Vows Review of Business Regulations

President Barack Obama said on Tuesday he would order a government-wide review of regulations with the goal of eliminating those that hurt ...

U.S. Opens Product Safety Office in China

The U.S. Consumer Product Safety Commission will set up its first office outside the United States in China in a bid to reduce the amount ...

Catlin U.S. Completes Purchase of Blue Ridge Insurance

The Bermuda-based Catlin Group Limited has purchased Blue Ridge Insurance Co. (BRIC) from the QBE Insurance Group. Catlin will rename BRIC ...

Plaintiffs’ Lawyers in BP Litigation Fighting Over Claims Fund

Plaintiffs' lawyers battling BP Plc in the oil-spill litigation may be united in the desire to make the company pay, but they've started ...

New Systemic Risk Council Faces Key Test

The new council of U.S. regulators will face a major test on Tuesday when it unveils recommendations on how to enforce one of the most ...

New Regulation Aims to Reduce Deaths in Rollover Crashes

Automakers must develop new approaches to reduce the number of people ejected in U.S. rollover crashes, which are blamed for 10,000 deaths ...

From MyNewMarkets.com Increase in Temporary Staffing Business Signals Economic Recovery

For many businesses, 2010 was a year of transition. Companies began to pick up the pieces of the economic downturn and were cautiously...
East

William Palumbo Insurance Agency Forms Construction Divison

William Palumbo Insurance Agency, Inc. has formed a new division called Palumbo Construction Risk. The new division will have expanded ...

Tower Group Buys Renewal Rights For Some of Navigators Mid-Market Biz

Tower Group has acquired the renewal rights to the middle market commercial package and commercial auto business of Navigators. Terms of ...

Consedine Picked For Pennsylvania Insurance Commissioner

Pennsylvania Gov.-elect Tom Corbett has will nominate lawyer Michael Consedine as the state's next insurance commissioner. Consedine, 41, ...

New York Drops Last Marsh Bid-Rigging Criminal Cases

New York dropped the last two criminal cases tied to a 2004 bid-rigging scandal involving Marsh & McLennan Cos after failing to ...
Midwest

Utility Ameren Missouri Fighting for $30M Insurance Recovery

Ameren Missouri continues its fight to recover more than $30 million from one of its insurers five years after a section of the utility's ...

State Auto Chief Operating Officer to Retire

Columbus, Ohio-based State Auto Financial Corp. and State Automobile Mutual Insurance Co. announced the retirement of Executive Vice ...

Federal Judge in Michigan Nixes Religious Challenge to AIG Bailout

A federal judge in Michigan has dismissed a lawsuit challenging the bailout of American International Group on religious grounds. An ...
Southeast

Mississippi Counties Oppose New Flood Insurance Maps

Two counties in the northeastern part of Mississippi are fighting flood zone designations on new maps that are part of a modernization ...

Mississippi Lawmakers Pass School Bus Safety Bills

The Mississippi Senate has unanimously passed a bill designed to improve safety on school buses and on campuses during pick-up and drop-off ...
South Central

FARA Adds Tarantino to Board of Directors

FARA Insurance Services, a Mandeville, La.-based provider of claims administration and risk management solutions nationwide, appointed ...

Texas Work Comp December Enforcements Include Fines Up to $78K

Final enforcement actions taken by the Texas Department of Insurance, Division of Workers' Compensation (TDI-DWC) for December 2010 ...
West

Montana Legislature Moves to Ban Illegals From Workers’ Comp

A legislative plan to ban illegal immigrants from receiving workers' compensation insurance benefits in Montana cleared its first committee ...

Leeds and York Names Black Account Manager

Reno, Nev.-based Leeds and York, a professional insurance firm, has named Debbie Black an account manager in its Reno office. Black comes ...

Cavignac & Associations Adds Soleno to Employee Benefits Department

San Diego-based risk management and insurance brokerage firm Cavignac & Associates has named Taylor Soleno an employee benefits account ...
International

Australia Floods Could be Costliest Natural Disaster Ever

Floods that ravaged Australia's northeast and swamped a major city could be the country's most expensive natural disaster ever, the ...

Somali Pirates Release 1 Ship; Hijack Another

Somali pirates hijacked a Greek-owned bulk carrier on Monday after releasing a Greek-owned tanker the day before, the European Union Naval ...

Marsh Names Blakey to Head Asian Aviation Practice

Marsh's London office announced the appointment of Tim Blakey as Regional Head of its Aviation Practice for Asia with immediate effect. He ...

Miller Appoints Global Trade Credit Specialist

Miller, the UK-based specialist independent insurance and reinsurance broker, has strengthened its trade credit capabilities with the ...

New Study on Piracy Estimates Cost to Global Economy at $7 to $12 Billion

A new report, compiled by US-based think-tank One Earth Future, has calculated that "maritime piracy is costing the international economy ...

Lloyd's Ribeiro Beats a Path to the World's Insurance Door

As director of international markets for Lloyd's of London, Jose Ribeiro has a lot of responsibilities. He took a brief time out, as he ...

Willis Appoints Holmes Managing Director for Middle East

Willis Group Holdings has appointed Paul Holmes as Managing Director of Al Futtaim Willis Middle East, effective February 9, 2011. He will ...
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