Jan 4, 2011

Daily Headlines: Tuesday, January 4, 2011

Insurance Journal Daily Headlines
January 4, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

P/C Insurers Improve Personal Lines, Investment Results in Q3

The U.S. property/casualty industry generated improved operating results in the third quarter despite competitive market conditions,...

House Republicans Aim to Repeal Healthcare Law

Republicans in the U.S. House of Representatives plan to pass a bill next week to repeal President Barack Obama's overhaul of the U.S....

Top Workers' Compensation News in 2010

Soft market conditions with unabated price competition and a slow economy with reduced payrolls continued to affect commercial liens...

2010 Was U.S. Coal Industry's Deadliest Since 1992

The U.S. coal industry had its deadliest year in nearly two decades in 2010, with much of the death toll stemming from a single...

Fortegra Financial Acquires California Motor Club

Insurance services company Fortegra Financial Corp. has acquired Auto Knight Motor Club Inc., a Palm Springs, Calif., company that provides...

OneBeacon Rebrands Entertainment Division as OneBeacon Entertainment

OneBeacon Insurance Group has introduced OneBeacon Entertainment as the trade name for its entertainment, sports and leisure business....

From MyNewMarkets.com Top Brokers, Munich Re Pool Efforts to Expand Insurance for Oil Drilling

The world's top three insurance brokers have joined reinsurer Munich Re to promote a major expansion in risk coverage for deepwater drilling...
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East

Insurers To Pay New York $120M for Premium Overcharges

New York officials say four insurance groups have agreed to pay a total of about $120 million in excess workers' compensation surcharges to...

Alliant Acquires T&H Group

Specialty insurance brokers Alliant Insurance Services has acquired New York city-based T&H Group for an undisclosed sum. T&H Group,...

O'Brien Named Head of Inland Marine Underwriters Association

Kevin O'Brien has been named president and chief executive officer of in the Inland Marine Underwriters Associations (IMUA). O'Brien joins...
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Midwest

Hudson Resigning as Ohio Insurance Director

Ohio Department of Insurance Director Mary Jo Hudson has announced her resignation effective Jan. 10, 2011. Her final work day will be Jan....

Illinois Official Calls for Probe of Workers' Comp Claims at Prison

The head of Illinois' workers' compensation commission is calling for an investigation of nearly $10 million paid out in claims to more than...

Some Michigan Drivers Can Erase Points By Taking Class

A new Michigan law will allow certain drivers to erase points from their record if they're willing to take a class. Someone ticketed for...

Iowa to Allow Broad Public Access to Wellmark Rate Increase Hearing

Iowa's Insurance Commissioner Susan Voss announced that she has made arrangements for unprecedented access to a Jan. 6, 2011, hearing that...
Southeast

Florida Approves Lower Collateral for Renaissance Re

Bermuda-based Renaissance Reinsurance Ltd. has been approved to participate in Florida's property reinsurance marketplace with modified...

South Carolina Awards 85 Mitigation Grants to Coastal Homeowners

Eighty-five South Carolina homeowners who live on the coast are the latest recipients of grants to help them strengthen their homes against...

Marsh Agency Buys Georgia Benefits Brokerage

Marsh & McLennan Agency LLC reports it has acquired Strategic Benefit Solutions, Inc. (SBS), a $4 million benefits brokerage and...

Neace Lukens Acquires Equine Insurance Agency in Kentucky

Lousiville, Kentucky-based Neace Lukens has acquired the Plamp-Keen Agency Inc., an insurance agency also in Louisville that specializes in...
Texas / South Central

Arkansas Counties Declared Disaster Areas After Storms

Gov. Mike Beebe has declared two Arkansas counties affected by a tornado and severe storms as state disaster areas. Severe weather on Dec....

Hallmark Financial Completes Acquisition of State Auto National

Fort Worth, Texas-based Hallmark Financial Services Inc. says it has completed the previously disclosed acquisition of State Auto National...
West

California Approves Homeowners Underinsurance Regulations

California's Office of Administrative Law (OAL) has approved regulations designed to combat underinsurance and may require insurance agents...

Hub International Acquires Four Western Companies

Chicago-based Hub International Ltd. (Hub), an insurance brokerage firm, has announced several acquisitions. It has acquired the shares of...

Oahu Property Owners Urged to Buy Flood Insurance

Emergency management officials are urging Oahu property owners to buy flood insurance at current rates before new flood maps -- and...

SullivanCurtisMonroe Names Lanterman Senior VP

Irvine, Calif.-based SullivanCurtisMonroe has named Mike Lanterman senior vice president in its Irvine office. Lanterman joins SCM from USI...

Mulryan to Replace Cain on California State Fund Board

Gov. Arnold Schwarzengger has appointed Larry Mulryan chairman of the California State Compensation Insurance Fund board. Mulryan replaces...
International

Relief Flights Reach Flood Stricken Australian City as Waters Rise

Military flights rushed Monday to restock an Australian city before it is cut off by floodwaters that have turned a huge swath of the...

AIG Receives Alternative Proposal for Taiwan Unit

American International Group's protracted sale of its Taiwan unit was further complicated Tuesday when a local company proposed buying a...

Everest Re Group Finalizes Acquisition of Heartland Crop Insurance

The Bermuda-based Everest Re Group has acquired the business and operations of Heartland Crop Insurance, Inc., a managing general agent, for...

Mapfre Global Risks Is Lead Insurer for Spanish Satellite

MAPFRE GLOBAL RISKS is the leading insurer for the Spanish satellite of the communications operator HISPASAT, H1E, which was launched on the...
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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 Insurance
Posted: Mon Jan 3 -- Anyone in S Ca noticed a 17% rate increase in Next Gen home renewals for Feb 2011?? It must a NEW marketing campaign to increase market... SCFarmer
CA Workers Comp Market for Concrete Cuttting
Posted: Mon Jan 3 -- A PEO market may be a good option for this client. You may have a hard time finding a PEO market at 35K in payroll a year but the comp... Chad Filley
Business Networking
Posted: Mon Jan 3 -- Do you sometimes feel like you're on a networking frenzy - bopping from one event to another hoping to make that "right" connection and make... pgorade
Best Personal lines rates in CA
Posted: Sun Jan 2 -- I have to agree with rodgwag on this one. You represent some marquee carriers and it almost sounds like you're a little all over the board.... RKunz2
Farmers E & O vs. UFAA
Posted: Sun Jan 2 -- RKunz2 makes a valid point: Would any of your customers be comfortable purchasing a home policy from you, if the policy did not spell out... lonestar
Geovera VS CEA
Posted: Sat Jan 1 -- It's been a while, but if I remember correctly, the Geovera policy has more bells and whistles than CEA, which isn't saying much, but you... RKunz2
Farmers Refuses to Pay Botched Auto Repair
Posted: Sat Jan 1 -- This is why you should never give claims advice to clients. rodgwag
2011 Planning - Growth Starts With Improved Retention
Posted: Sat Jan 1 -- Before deciding how much you're going to grow during 2011, take a few minutes to determine how you're going to stop shrinking. Most agencies... John@PBC

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