Feb 24, 2011

Daily Headlines: Thursday, February 24, 2011

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Insurance Journal Daily Headlines
February 24, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Another Federal Judge Dismisses Suit Against Healthcare Mandate

A federal judge this threw out a lawsuit claiming that President Barack Obama's requirement that all Americans have health insurance ...

Investors Watching How AIG’s Chartis, SunAmerica Perform

Bailed-out insurer American International Group Inc. could post another multibillion-dollar loss when it reports fourth-quarter results on ...

From MyNewMarkets.com Medical Marijuana Raid Coverage to Ease Worries of Dispensary Owners

Medical marijuana dispensary owners face a variety of risks because of the product they sell and the controversy that surrounds it. Even...
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East

New York Gov.’s Budget Details Banking, Insurance Regulation Merger

New York Gov. Andrew Cuomo's proposed state budget contains slightly more money for the new agency he wants to create by combining ...

New York Suit Against Accountant Over Lehman Takes Detour

New York state regulators face their first test soon in their accounting fraud lawsuit against Ernst & Young LLP over its role as ...

Virginia Insurer Buys Amphitheater Naming Rights

The Virginia Beach, Va. amphitheater has a new name. Multiple media outlets reported the music venue has been renamed Farm Bureau Live at ...

ACE USA Appoints Hurley, Kubursi in New York Region

ACE USA, the U.S.-based retail operating division of the ACE Group, has appointed Andrew Hurley as chief operating officer of its New York ...
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Midwest

Former North Dakota Workers’ Comp Director Contesting Felony Conviction

North Dakota's former workers' compensation director is asking the state Supreme Court for the second time to throw out his felony ...

Wisconsin's Capitol Insurance Promotes 3

Capitol Insurance Cos. of Middleton, Wis., announced that Kevin A. Klestinski has been named vice president of Property & Casualty ...

Capitol Insurance Companies Promote Three

Middleton, Wis.-based Capitol Insurance Companies has announced three promotions. Kevin A. Klestinski has been named vice president of ...

First Chicago Insurance Names Fisher House Foundation as Charitable Partner

First Chicago Insurance Co. will contribute $1 to the Fisher House Foundation for every insurance policy the company issues in 2011, the ...
Southeast

West Virginia Volunteer Fire Departments Seek Funding

West Virginia's volunteer fire departments are turning to state lawmakers for help with insurance and recruitment. A bipartisan House bill ...

Florida Insurers, Businesses Take Aim at PIP Fraud

Insurance companies are taking to the Internet to combat auto insurance fraud in Florida. The Property Casualty Insurers Association of ...
South Central

CAA Names Top Insurance Company Partners for 2010

Austin, Texas-based Combined Agents of America LLC (CAA) has named its 2010 Top Insurance Company Partners. This year, CAA expanded its ...

Darwin Reappointed as Texas Injured Employee Public Counsel

Texas Gov. Rick Perry has reappointed Norman Darwin of Benbrook as the state's Injured Employee Public Counsel for a term to expire Feb. ...

Arkansas House Rejects Backseat Belt Bill

The Arkansas House has voted down a bill that would require rear seat passengers in vehicles to wear seat belts. The House voted 57-34 ...
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West

Charitable Foundation to Honor Fireman's Fund's Heritage Program

The Insurance Industry Charitable Foundation (IICF) has announced that Fireman's Fund Insurance Co.'s philanthropic initiative, the ...

Employers Holdings Reports Q4 Income of $20M

Reno, Nev.-based Employers Holdings Inc. has reported fourth quarter net income of $20.1 million compared with $11.3 million in the fourth ...

California’s Median Auto Insurance Rate Decreases 3%

The median six-month auto insurance rate in California has decreased approximately 3.1 percent over the past 12 months to reach $809 ...

Allstate Accelerates California Recruiting

Allstate Insurance Co. announced it plans to add 120 new agency owners in California during 2011, in an "aggressive recruiting campaign" in ...
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International

New Zealand Estimates Quake Toll at 98, Many More Missing

New Zealand rescuers said on Thursday they held grave fears for more than 200 people still missing as the death toll from an earthquake ...

European Insurers Dogged by Fresh Capital Fears

A bumper equity issue from Aegon and a disappointing dividend from Allianz stirred fresh fears about European insurers' capital strength on ...

New Zealand May Use Cat Bonds to Recapitalize Disaster Fund

New Zealand's government may have to recapitalize its crucial national disaster safety fund after being hit by two major earthquakes in ...

RBS Recovery Undermined by Irish Losses

Royal Bank of Scotland's high bad debt charges in Ireland and a drop in investment banking income overshadowed the bank's return to profit ...

RSA Posts Strong Results Despite Extreme Weather

The UK-based RSA Group (formerly Royal & Sun Alliance) came through 2010 with a good earnings performance, despite what its report ...

Willis' Global Markets-International Names Wemyss CEO

Willis Group Holdings announced that Toby Wemyss has been appointed CEO of its Global Markets International (GMI) division, effective ...

Austen to Head Cooper Gay Singapore Brokerage Operations

London-based Cooper Gay, the independent wholesale, reinsurance and specialist retail insurance broker, has appointed Jeremy Austen as Head ...

Chartis Increases Construction Project Capacity to $125 Million

The Chartis insurers have increased net and treaty capacity for construction projects from $100 million to $125 million from the Global ...
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Insurance Journal TV

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Will Deficit Debate Affect Flood Insurance? Taxes?

Following the November elections, Congress and the White House, as well as states, have...
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How November Elections Changed Insurance Power in Washington

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

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New Discussions in the Forums

National Agents Alliance? Legit or Keep Away?
Posted: Thu Feb 24 -- Also, (I know...I can't stop asking questions...LOL) for the people who have worked with NAA for 8 months or a year or whatever... If it... pontiac
Non owned auto in Ca
Posted: Thu Feb 24 -- What does the insured do? You can add this coverage their CGL policy for a couple of hundred dollars if they do not do delivery, and their... wariline
Rental of scooters/mopeds in ca
Posted: Wed Feb 23 -- insured currently with catlin for the garage/dol coverage but catlin will not offer coverage for rental of sccoters. insured is thinking... trotter
Farmers - your opinion
Posted: Wed Feb 23 -- DON'T DO IT! Can I say it any more strongly. The other posts are correct. Overpriced products, you do not own your business, Farmers does.... rastaman
Less than two weeks left!
Posted: Wed Feb 23 -- BJ, You have done all you can do by putting in this time and effort. You should do fine on the exam. Yes, the Education Objectives do steer... hhrchevy
Personal Time Off (PTO) vs Vacation & Sick Time
Posted: Wed Feb 23 -- I am at a company right now where we get PTO. I came from a company where i had 4 weeks vacation, 2 personal days, my birthday off, and 2... elord27
Peo And Employee Leasing Companies?
Posted: Wed Feb 23 -- PEO or employee leasing (sometimes referred to as staff leasing...really depends on the States you are talking about), is a great solution... HROplus

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