Jan 25, 2011

Daily Headlines: Tuesday, January 25, 2011

Sponsored today by: iiX - a unit of ISO. Faster Access to Underwriting Data Helps Drive Your Business. Instant MVRs. DriverAdvisor Monitoring. Undisclosed Driver/VIN. A-PLUS Auto and Property Claims History. Credit Scoring. Coverage Verifier. Click here for more info.
Insurance Journal Daily Headlines
January 25, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Travelers Sees Insurance Business Improving

Travelers Companies Inc. posted a higher-than-expected quarterly profit and the largest publicly traded U.S. property insurer said there ...

Asterisk Financial, Burns & Wilcox Introduce Personal Guarantee Insurance

Burns & Wilcox has been selected by Asterisk Financial Inc., the creator of Personal Guarantee Insurance (PGI), to be its wholesale ...

Howden Specialty Underwriters Forms Management Liability Program with LIU

Howden Specialty Underwriters LLC, a subsidiary of Hyperion Insurance Group Limited, and Liberty International Underwriters (LIU), the ...

Measuring the Full Impact of Teen Driver Crashes

The impact of teen driver crashes extends far beyond teen drivers' families and friends, according to a new report. In 2008, more than half ...

Supreme Court: Worker’s Protection from Retaliation Extends to Fiancee

The Supreme Court ruled Monday that a federal law barring retaliation against a worker for complaints about on-the-job discrimination also ...

S&P Could Downgrade Bond Insurers

Standard & Poor's could downgrade bond insurers by a full category or more if new ratings standards for the sector are implemented and ...

AIG’s Benmosche, Responding Well to Cancer Treatment, to Stay as CEO

American International Group Inc. (AIG) said that CEO Robert H. Benmosche's prognosis for his cancer is such that he is expected to be ...

From MyNewMarkets.com The Top 10 D&O Stories of 2010 - Part 1

2010 was an eventful year in the world of D&O liability. Congress passed massive financial reform legislation, the Supreme Court issued...
East

Massachusetts Repair Shop Owner Arraigned for Bilking Insurers

A Massachusetts man who allegedly collected over $28,000 in fraudulent insurance claims for work performed at his automotive and glass ...

MarketScout Acquires Wastepac

MarketScout Wholesale has acquired New York-based Wastepac from Insurance Specialty Group. Wastepac is general agent focusing on private ...

Glomb Named Underwriting Chief at PHLY

Philadelphia Insurance Cos. (PHLY) has promoted John Glomb to chief underwriting officer. Glomb, a 15-year veteran of the insurance and ...
Midwest

Corps Study Shows Higher Flows on Des Moines River

The Des Moines River in Iowa is rising higher and more often, which means floods like those that swamped the city in 1993 and 2008 are more ...

Wisconsin Legislature Passes Lawsuit Reform Bill

The Wisconsin Legislature has passed a bill that would make it more difficult to sue companies and collect damages. The Assembly passed the ...

Some in Illinois GOP Want to Link Work Comp Reform, State Borrowing

Illinois lawmakers left two big pieces of unfinished business when they went home after voting to raise income taxes. One piece would make ...

Great American Names Liguzinski to Lead Specialty Human Services Division

Great American Insurance Group, headquartered in Cincinnati, Ohio, announced that Michael G. "Mike" Liguzinski will succeed John W. ...
Southeast

State Farm Plans Small Hike in Tennessee Auto Rates

State Farm Mutual Automobile Insurance Co., the largest insurer of autos in Tennessee, is increasing its overall rate level in the state an ...

Florida’s MDW Names Fernandez Chief Operating Officer

MDW Insurance Group is pleased to announce that Norbert Fernandez has been named chief operating officer. Norbert will oversee the ...

South Carolina Court Says Insurer Off the Hook for Shoddy Construction

The South Carolina Supreme Court has ruled that insurers are not liable for damages caused by faulty workmanship under a contractor's ...
South Central

Oklahoma Insurance Department to Cut 6 Fraud Investigators

Oklahoma's new insurance commissioner plans to lay off six of the office's nine fraud investigators. Commissioner John Doak says the cuts ...

MHBT Names New Partners

Dallas-based MHBT, one of the largest privately owned insurance and risk management firms in the United States, recently announced that ...
West

Montana Workers’ Comp Reform Bill on Hold

A Montana workers' compensation reform bill was put on hold Jan. 21, 2010, after its sponsor told a state House committee it would have to ...

Washington Fines Six Chubb Subsidiaries $534,000

Washington State Insurance Commissioner Mike Kreidler has ordered six subsidiaries of Chubb & Son to pay a $534,000 fine for violating ...

Association of California Insurance Companies Names Sektnan President

The Association of California Insurance Companies (ACIC) and Property Casualty Insurers Association of America (PCIAA) announced that Mark ...
International

35 Dead, over 150 Injured by Suicide Bomber Attack on Moscow Airport

A suicide bomber killed at least 35 people at Russia's busiest airport on Monday, state TV said, in an attack on the capital that bore the ...

Guernsey Statement: ‘No Plans’ to Seek Equivalence under Solvency II

The Commerce and Employment Department of the States of Guernsey (the Guernsey Government) and the financial regulator, the Guernsey ...

Alarming Array of Risks Faces World Leaders in Davos

World leaders and top executives have plenty of crises to discuss this year. Ballooning European government debt, rising inflation, fears ...

Zurich Study Focuses on Insurance, Technology for Emerging Consumers

"The technology landscape in developing countries is changing rapidly – sometimes outpacing industrialized markets," according to a new ...

XL Insurance Appoints Wullimann General Manager – Nordic Region

XL Insurance, the global insurance operations of the XL Group, announced the appointment of Peter Wullimann as General Manager, Nordic ...
Sponsored Content

Eastern Shore Consulting Launches Claims Beat Podcast Series with ClaimsJournal.com

Hosted by Eastern Shore's Bill Garvey, first podcast features Randall Day of FINEOS Chicago, IL - January 25, 2011 – Eastern Shore ...

Join the Insurance Journal Network

Twitter Facebook LinkedIn


Insurance Journal TV

Video thumbnail

How November Elections Changed Insurance Power in Washington

The November elections brought change to Washington as Republicans took control of the House...
Video thumbnail

Medical Marijuana Retailer High on Insurance

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

TV icon Watch more videos at InsuranceJournal.tv

New Discussions in the Forums

Anyone with opinion on EZBuy electronic signatures
Posted: Tue Jan 25 -- Well yes, you did make derogatory statements of agents and their associations. ...and FYI, many independent agents have grown significantly... mica.cooper
How can a new agent obtain appointments?
Posted: Tue Jan 25 -- Mercury is easier to get than Travelers, The Hartford or Safeco. That said, the big three are better to have in the long run. rodgwag
Electronic Cigarette Insurance
Posted: Mon Jan 24 -- We are seeking more markets to meet the needs of our electronic cigarette manufacturers/importers/wholesalers. Any carrier or wholesaler is... InsureTime
MGAs
Posted: Mon Jan 24 -- The business practices speak volumes about companies. How long have they been in business is a foremost... yoyowordup
Commercial rater
Posted: Sat Jan 22 -- We are looking for a good commercial insurance rater. Any suggestions, pros and cons? Thanks JAM
Open Office Next to Geico
Posted: Fri Jan 21 -- If the new digs works for your agencies logistical changes then you should not hesitate to move next door to GEICO. Dont let competition... bh1950
Credit Profiling and Tiering in your state?
Posted: Fri Jan 21 -- In many states, carriers now possess the 'magic bullet' for personal lines rating and underwriting. This is composed of two elements -... darnovak

Current Issue

Current Issue
2011 Market Fact Book and Buyer's Guide; (including all 2010 Surveys in one convenient place!)

More Newsletters

Choose Newsletters
Enter Your E-mail

How to Advertise

For information about advertising on this newsletter and Insurance Journal magazines, contact Julie Tinney at (800) 897-9965 x148.
View our Media Kit for advertising options in our magazines and online properties.
Insurance Journal
3570 Camino del Rio North, Suite 200
San Diego, CA 92108
(800) 897-9965
Copyright © 2011 by Wells Publishing, Inc.

No comments:

Post a Comment