Jan 19, 2011

Daily Headlines: Wednesday, January 19, 2011

Insurance Journal Daily Headlines
January 19, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Agent Group Sounds Alarm Over Federal Insurance Study

Congress should refuse to fund a study of insurance regulation that the new Federal Insurance Office is supposed to conduct, an insurance agents' trade group said ...

IronPro Introduces Tech E&O Coverage

IronPro, the professional liability unit of Ironshore Inc., has introduced a specialized technology professional liability policy designed ...

AIG Chooses Four Banks to Manage Share Sale

American International Group (AIG) chose Bank of America , Deutsche Bank AG, Goldman Sachs Group Inc. and JPMorgan Chase & Co., to ...

U.S. Lays Out Factors to Designate Risky Firms

U.S. regulators proposed using six different factors Tuesday to help them gauge when a non-bank financial firm poses risks to the system ...

Firms Vulnerable In Corrupt Practices Crackdown

Authorities have been escalating their campaign against corruption in the last few years, resulting in a sharp spike in enforcement actions ...

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

PURE to Begin Writing in Massachusetts

Privilege Underwriters Reciprocal Exchange (PURE) said it is now offering coverage for high-value homes in Massachusetts. PURE — which is ...

Rhode Island Bill Would Require Landscapers to Carry Insurance

A bill filed by a Rhode Island lawmaker would require landscapers to register with the state and carry at least $100,000 in public ...

Anderson Kill & Olick Opens Connecticut Office

Insurance recovery law firm Anderson Kill & Olick has opened a new office in Connecticut. The office, in Stamford, gives the firm the ...
Midwest

Ohio Uninsured Motorist Litigation Tied to Money for Charities

An Ohio insurance company in late 2010 successfully challenged a class action lawsuit involving unin­sured motorist/underinsured motorist ...

Report: Many Ohio License Suspensions Unrelated to Driving

Twenty-five percent of the driver license suspensions in Ohio are the result of offenses that are not related to operating a motor vehicle, ...

Farmers Insurance Appoints Executive Directors in Midwest States

Farmers Insurance has appointed Dan Lewis Farmers as Ohio state executive director and John Muscolino as its executive director for ...

Michigan Suburb, Insurer Settle Employee Firing Case

The Detroit suburb of Southgate and its insurance company agreed to pay $300,000 to settle a lawsuit by a former court official who claimed ...
Southeast

Workplace Deaths Rise in North Carolina; Overall Injury Rate Drops

There were 48 fatal workplace accidents in North Carolina in 2010, a tally that is up from 34 in the previous year but below the five-year ...

University of Alabama Sued Over Faculty Shootings

Relatives of two teachers shot and killed during a faculty meeting last year at the University of Alabama in Huntsville have filed lawsuits ...
South Central

Agents Notified of TWIA, Texas Fair Plan Information Requests

The Texas Windstorm Insurance Association (TWIA) and Texas FAIR Plan Association (TFPA) recently notified insurance agents that the organizations ...

Texas Lawmaker Proposes Bill Aimed at Reducing Drunk Driving

Texas state Rep. Bill Callegari (District 132, Katy) has introduced House Bill 506 to require that all persons convicted of driving while ...

Clingman, Harkey Appointed to Okla. Workers' Comp Court Leadership Posts

Before he left office, former Oklahoma Gov. Brad Henry made two appointments to leadership positions with the Oklahoma Workers' Compensation ...
West

Insurance Association Names Mahrt Public Affairs Director in West

The Property Casualty Insurers Association of America (PCI) has named Nicole Mahrt director, public affairs, west region, and she will work ...

Welch Departs From Employers Holdings

Reno, Nev.-based Employers Holdings Inc. has announced that the company and Martin J. Welch have mutually agreed to the separation of his ...

Nevada Lowering Workers' Comp Costs

Nevada Insurance Commissioner Brett Barratt has approved a filing for an average decrease of 3.9 percent for Nevada workers' compensation voluntary insurance loss costs ...

Insurers Fined More Than $580,000 in Washington

Washington Insurance Commissioner Mike Kreidler fined insurers more than $580,000 in 2010 for violations including illegal telephone solicitation ...

Lawmakers Consider Ending Some Pinnacol Tax Breaks

Colorado lawmakers are considering getting rid of some tax exemptions for Pinnacol Assurance. The Joint Budget Committee decided last week ...
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International

Aon’s New Political Risk Map Shows Rising Levels, Despite Financial Recovery

According to Aon's 18th annual Political Risk Map  , while the "world economy is broadly on the road to recovery, the level of political ...

Insurance Industry Worries about Growing Risks from Climate Change

Insurers are struggling to assess the risks from climate change, industry officials say, with the floods in Australia and Brazil ...

Barclays Warns Reinsurers at Risk from $6 Billion Australia Flood Insured Losses

Insured losses from the recent flooding in Australia could top $6 billion, and earnings estimates for Bermudan reinsurers are at risk as a ...

Allianz Global Corporate & Specialty Launches New Website

Allianz Global Corporate & Specialty (AGCS) has published a new corporate website, featuring "an extensive knowledge section and other ...

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Medical Marijuana Retailer High on Insurance

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