Jan 5, 2011

Daily Headlines: Wednesday, January 5, 2011

Insurance Journal Daily Headlines
January 5, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Toyota Says Subrogation By 7 Insurers for Acceleration Claims Is Meritless

Seven automobile insurance firms have followed Allstate Insurance Co. in suing Toyota Motor Corp. to recover money they paid in claims for...

Big Drop in Road Deaths Tied to Recession, Seat Belts

Air bags and the economic recession have contributed to the biggest drop in road deaths in the United States since World War II, U.S....

Former AIG Employee Sues Accounting Firm, Board Over Audits

A former employee of American International Group has filed a lawsuit claiming that PricewaterhouseCoopers was negligent in its audits of...

Aon Adds Executives to Environmental Team, Appoints Szot COO

Aon Corp. has announced the appointment of Michael R. Szot as chief operating officer for the Environmental Practice of Aon Risk Solutions,...

AmerInst Professional Launches E&O Coverage for Small Law Firms

When it comes to the legal profession, there are two known facts: claims against lawyers tend to increase in an economic downturn; and small...

Cunningham Lindsey Acquires Loss Adjusting Unit of GAB Robins NA

Cunningham Lindsey has acquired the U.S. loss adjusting business of GAB Robins North America Inc. The global loss adjusting and claims...

Hitzig Named President of Target Markets

The Target Markets Program Administrators Association has named Jeremy Hitzig as its new president. Hitzig comes to the position of...

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...
Do people call you a Workers Comp Expert?
East

New York Plans to Merge Banking, Insurance Regulators

New York Governor Andrew Cuomo plans to improve regulation of Wall Street with a smaller state government that would merge the Banking and...

Delaware Bans Hand-Held Cell Phone Use While Driving

A ban on hand-held cell phone use while driving is taking effect in Delaware. Beginning Sunday, drivers will have to carry on their cell...

McKnight Named Underwriting Vice President at Merchants

New York-based Merchants Insurance Group has named Shad McKnight as vice president of underwriting and product development. McKnight has...
Midwest

Wells Fargo Insurance Services Acquires Prestige Professional Plans

Chicago-based Wells Fargo Insurance Services USA Inc. announced it acquired Prestige Professional Plans, a single office, employee benefits...

Frank Gates/Avizent Acquires Ohio Workers' Comp, Managed Care Firm

Columbus, Ohio-based Frank Gates Service Co. / Avizent, a national claims and risk management service provider, announced it has acquired...

DeLong Named VP, Regional Executive for Ironshore's Midwest Region

Ironshore Inc. has appointed Yosha DeLong to serve as vice president and regional executive for the Midwest Region, based in the Chicago...

Easterle Mattes Joins Meadowbrook in Michigan

Kim Easterle Mattes has joined Meadowbrook Insurance Agency in Southfield, Michigan as the new vice president of insurance. Prior to joining...
Southeast

Florida Workers' Compensation Market Remains Competitive: Report

Florida's workers' compensation market remains competitive with more than 250 private insurers writing coverage and only a fraction of...

North Carolina Insurers Seek Rate Hike on Dwelling Fire Policies

North Carolina insurers are looking to raise rates from 7 percent to 25 percent, or an average 20.9 percent statewide, for 2011 on dwelling...

Defense in Kentucky Insurance Regulator Death Cites Mental Defect

Defense lawyers for former Kentucky lawmaker Steve Nunn may argue that he had a mental or emotional defect when his former fiancee was shot...

Wilson Smith Group Acquires Tennessee Transportation Agency

Wilson Smith Group, LLC said it has acquired a majority of the outstanding shares of the Nashville, Tenn.-based managing general agency,...

Dukes Named Tennessee VP for Keystone Insurers

Doug Dukes has been named state vice president of Tennessee for Keystone Insurers Group. Dukes will manage Keystone's expansion into...

Walker Named VP of Litigation Management at Kentucky's IPISC

Intellectual Property Insurance Services Corp. (IPISC), based in Louisville, Kentucky, has appointed Sandra Walker as vice president of...
Texas / South Central

Southeast Texas County Defends Hurricane Ike Spending

Chambers County officials are defending their spending of tens of millions of federal dollars for cleanup from Hurricane Ike after a federal...

Lockton Dunning Benefits Acquires Grizzaffi Darby

Dallas-based Lockton Dunning Benefits has acquired Grizzaffi Darby LLC, an employee benefit consulting practice also based in North...

Oklahoma Law Protecting Health Care Volunteers Now in Effect

A new state law protecting health care professionals who volunteer at school sporting events from being sued has gone into effect in...
West

Calif. Commissioner Jones Issues Emergency Order to Enforce Medical Loss Ratio Rule

Almost immediately after being sworn into office on Tuesday, California Insurance Commissioner Dave Jones signed an emergency order to...

CompPartners Names Hutchings Account Manager

Sue C. Hutchings has joined CompPartners, a workers' compensation, disability, and group health managed care organization, as account...
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International

Australia Floods Cause 'Catastrophic Damage'

Australia's record floods are causing catastrophic damage to infrastructure in the state of Queensland and have forced 75 percent of its...

Ironshore Forms Dublin Subsidiary; Marry Named as CEO

Bermuda-based Ironshore Inc announced the formation of Ironshore Europe Limited, domiciled in Dublin, Ireland. Fiona Marry has been...

Swiss Re Concludes $170 Million Successor X Cat Bond Placement

Swiss Re has obtained another $170 million in protection through the Successor X Ltd. catastrophe bond program, covering Australia...

Ratings Recap: Century Insurance (Guam & Saipan), Taiping Re

A.M. Best Co. has affirmed the financial strength rating of 'B+' (Good) and issuer credit rating of "bbb-" of Century Insurance Company...
Sponsored Content

California Wholesaler Appointing Wholesalers, Surplus Lines Brokers, MGA's to Write E&O Insurance

Effective January 5 2011 - Laurel Fowler Insurance Broker, Inc - California based wholesaler is appointing Wholesalers, Surplus lines...
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Calif. Commissioner Poizner: Insurance Agent Advice Critical to Commissioner Position

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New Discussions in the Forums

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
Has anyone had a DMV audit?
Posted: Tue Jan 4 -- Just wondering if you have and if anything has happened because of it. Thanks in advance. steve32
Farmers Refuses to Pay Botched Auto Repair
Posted: Tue Jan 4 -- yoyowordup--you are exactly right. I felt my post was getting long, so I didn't even venture into that part of the argument, but it has been... Brenda H
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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