Feb 2, 2011

Daily Headlines: Wednesday, February 2, 2011

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Insurance Journal Daily Headlines
February 2, 2011
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Today's Headlines

National

Berkley Life Sciences Introduces Admitted Commercial Lines Package

Berkley Life Sciences, LLC, an insurance underwriting company dedicated solely to the life sciences industry, has begun offering a full ...

Predictive Modeling Improving Insurers’ Bottom Lines, Market Share

Property/casualty insurance carriers currently utilizing predictive modeling continue to see their bottom lines improve and almost 4 out of ...

From MyNewMarkets.com Caution: Distressed Commercial Properties

The American landscape is littered with partially built, financially distressed or bank owned properties. Whether they are towering condos,...
East

Upstate Agency Acquired by Glens Falls Bank

New York-based Glens Falls National Bank and Trust has acquired Upstate Agency Inc., a property and casualty insurance agency with eight ...

New York Lawsuit Accuses Toshiba of Discrimination

A human resources manager at a Toshiba America Inc. subsidiary sued the company for $100 million, accusing the electronics giant of ...
Midwest

Minnesota Man Imprisoned After Crash Sues Toyota

Attorneys for Toyota Motor Corp. asked a federal judge this week to dismiss most of the claims filed by a Minnesota man who was ...

Lawyer for Wisconsin Abuse Accuser Says Vatican Refuses Lawsuit

The attorney for a man who says he was sexually abused decades ago by a now-deceased priest at a Wisconsin school for the deaf says the ...

Hylant Acquires Michigan Benefits Agency

Ohio-based Hylant Group, one of the largest privately owned insurance brokerage firms in the nation, recently acquired a substantial ...
Southeast

Lloyd's of London Names Smith Southeast Director

Lloyd's of London has appointed Rodney Smith to serve as the regional director for Lloyd's newly established Southeast region. Smith will be based in Atlanta, Georgia ...

Mississippi AG Asks Court to Intervene in BP Oil Spill Claims Fund

U.S. courts must compel the administrator of BP's $20 billion oil spill fund to meet his legal obligations and stop short-changing victims of the Gulf of Mexico disaster, Mississippi said ...
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South Central

Environmental Group Seeks Safety Records on Texas Border Dams

An environmental group has filed a lawsuit to compel the release of documents related to the safety of two dams on the Texas-Mexico border. ...

Large Sinkhole Forms in Intersection in Texas

A 10-foot-deep, 20-foot-wide sinkhole has formed in an intersection in eastern Austin, Texas. Austin Water Utility officials tell the ...

Oklahoma Seeks Out-of-State Adjusters to Help with Storm Claims

Oklahoma Insurance Commissioner has issued an emergency order granting licenses to insurance adjusters form other states to help cope with ...
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West

Farmers May Get Naming Rights to L.A. Stadium

A stadium deal worth up to $1 billion could make Los Angeles more alluring to an NFL team. An entertainment company proposing a stadium in ...

Montana Businesses Forming Captives to Better Manage Costs

Montana licensed a record 26 captive insurance companies in 2010, boosting the number of captives at year-end to 67, also a record, the ...

Barney & Barney Names Reeves Chief Sales Officer

San Diego-based Barney & Barney LLC has named Trindl Reeves chief sales officer. Reeves, who has been a principal with the century old ...
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International

La Nina Helps Fuel Monster Australian Cyclone Yasi

Record ocean temperatures and an intense La Nina weather pattern have helped spawn one of the most powerful cyclones in Australia but whether there ...

Cooper Gay Launches European Markets Integrated Trading Unit

London-based Cooper Gay, an independent global wholesale, reinsurance and specialist retail insurance broker, has launched Cooper Gay European Markets ...

Willis Names Parker to Lead Global Service Centers in Ipswich and Mumbai

Willis Group Holdings announced the appointment of Mark Parker as leader of the Group's Global Service Centers in Ipswich and Mumbai, effective ...

Willis Appoints Capurro to Lead UK Utilities Practice

Willis Group Holdings UK branch announced that Robert Capurro has been appointed leader of the Utilities Practice within its Risk Solutions division, effective ...

Best Revises Arch Capital and Subs Outlook to Positive; Affirms Ratings

A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating (FSR) of 'A' (Excellent) and ...

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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

Social Media and its potential
Posted: Wed Feb 2 -- In reply to d's insurance store's comment/question: Considering your audience is one of the most important considerations when using social... ignotus25
CPCU classes vs. CLU classes
Posted: Tue Feb 1 -- Hello Everyone, Was wondering if there is anyone out there that has their CLU and CPCU that can chime in...I have my CLU and am now starting... bjwestner
Why Would an Agency Retain Trust Account Service?
Posted: Tue Feb 1 -- The problem with Outsourcing revolves mainly on a trust issue. I mean once you outsource your tasks you also outsource your secrets and the... aahorncole
Hiring agents and CSR's
Posted: Mon Jan 31 -- One avenue to explore for CSRs is a temp agency. No obligation to keep the employee and you may find a golden nugget, especially in this... kiswest

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