Mar 11, 2011

Daily Headlines: Friday, March 11, 2011

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Insurance Journal Daily Headlines
March 11, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Fans of Winning Teams in More Deadly Crashes After Big Games

There may be more on the line in major sporting events than many sports fans think. Closely contested major sporting events are followed by ...

Capson Medical Malpractice Expands to Six More States

Capson Physicians Insurance Co. is now licensed to underwrite in six additional states: Alaska, Arizona, Louisiana, Indiana, Missouri and ...

ACE USA Reorganizes Medical Risk Business

ACE USA, the U.S.-based retail operating division of the ACE Group, is reorganizing its medical liability group into two operating units, ...

AIG Offers U.S. Government a $15.7 Billion Buyback

American International Group offered Thursday to buy back, for $15.7 billion cash, mortgage-backed securities the U.S. government took off ...

LimeWire Wins Limit on Damages to Record Companies

A federal judge limited the potential financial liability facing the operator of LimeWire, a once-popular file-sharing service found liable ...

From MyNewMarkets.com MyNewMarkets.com Call For Article Submissions & Guidelines

MyNewMarkets.com welcomes submissions of story ideas and bylined articles. Below you will find a basic guideline on how to submit a story...
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East

Rhode Island Attorney General Opposes Workers’ Comp Rate Hike

Rhode Island Attorney General Peter F. Kilmartin said he opposed a 3.9 percent workers' comp rate hike being sought by the National ...

Judge Tosses $20M Suit Against Police in Pennsylvania Pursuit Death

A federal judge has tossed a New Jersey man's suit against a Pennsylvania police department over the 2008 death of his wife in a head-on ...

Connecticut PIA Elects New Officers

James Berliner has been elected president of the Professional Insurance Agents of Connecticut. He is president of Berliner-Gelfand & ...

Couch Braunsdorf Hires Routzahn as D.C. Sales Director

New Jersey-based broker Couch Braunsdorf Insurance Group has hired Todd Routzahn as a regional sales director for its professional ...
Midwest

Missouri DOI Fines Auto Insurer $256K; Orders Operational Changes

A Chicago-based auto insurance company has paid $256,000 in fines and is required to more quickly process, investigate and pay claims under ...

Ohio Reveals Top Insurance Fraud, Enforcements for 2010

Ohio Lieutenant Governor and Department of Insurance Directory Mary Taylor has announced the agency's top insurance fraud and enforcement ...

Michigan Court Orders Insurer to Pay Mother Who Saw Son Die in Crash

An Ohio insurance company must pay benefits to a Detroit-area woman who suffers from witnessing the death of her son on a motorcycle. The ...
Southeast

Panel Recommends New Business-Only Court in West Virginia

The West Virginia Supreme Court is being encouraged to create a new system to consider all business-related lawsuits. The recommendation ...

Mississippi Senate Passes Auto Insurance Verification Bill

A bill designed to force compliance with Mississippi mandatory insurance laws passed this week in the Senate, and was among several ...

Alabama Senate Approves Auto Insurance Verification Database

The Alabama Senate has voted to set up a computer database that would allow county tag officials and law enforcement to instantly check ...

Vredenburg Heads Acquisitions for Florida’s Assured Agencies

Paul Vredenburg has joined Assured Agencies in Lake Mary, Fla. as senior vice president of business development. In this position, ...
South Central

Brown & Brown Acquires Louisiana’s Robert Ellis & Associates

Brown & Brown of Louisiana Inc., a subsidiary of Brown & Brown Inc., has acquired substantially all of the insurance agency assets ...

Hispanic Affiliates General Agency Expanding, Recruiting Agents in Texas

Dallas-based Hispanic Affiliates General Agency LLC (HAGA) announced it is actively recruiting Hispanic independent agents in Texas. ...

Louisiana to Distribute $30M Oil Spill Tourism Grant

Louisiana will divide a $30 million BP grant for tourism marketing among all of the state's parishes and will use a small slice to help ...
West

Montana Governor Makes Appointments to State Fund Board

Montana Gov. Brian Schweitzer has made three appointments to the  State Compensation Insurance Fund Board. Elizabeth Best of Great Falls ...

California to Extend Low-Cost Auto Program to Same Sex Spouses

California Insurance Commissioner Dave Jones has filed regulations to add the category of "spouse" to the application form for the state's ...

Calif. State Fund Investigation Closed

The Joint Task Force comprised of the California Highway Patrol (CHP), the California Department of Insurance (CDI) and San Francisco ...
International

UPDATE-2 Huge Quake Triggered Tsunami Kills 100′s in Japan; Pacific on Alert

The biggest earthquake on record to hit Japan rocked its northeast coast on Friday, triggering a 10-meter |33 foot] tsunami that killed ...

WikiLeaks Cables Show China Regulator Intervened as AIG Crumbled

U.S. officials believe China's insurance regulator passed on proprietary information about AIG to its Chinese rivals during the American ...

Insurers’ Share Prices Fall on Japan Earthquake News

Shares in European insurers and reinsurers fell sharply in early trading on Friday after Japan was hit by a massive earthquake, one of the ...

Kane to Acquire HSBC's Insurance Management Operations

Kane, a provider of specialist risk and insurance management services, announced that it has signed an agreement to acquire the insurance ...

Guy Carpenter Selected as New CCRIF Placing Broker

The Caribbean Catastrophe Risk Insurance Facility (CCRIF) has announced the appointment of Guy Carpenter & Company, LLC as the new ...

RSA Appoints East as New Managing Director of Al Ahlia Insurance

RSA has announced the appointment of Lloyd East as Managing Director for Al Ahlia Insurance SAOC, part of the RSA Group. He has "over 20 ...

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New Discussions in the Forums

Anyone with opinion on EZBuy electronic signatures
Posted: Fri Mar 11 -- Kelso, you seem to be confused. OFAC is Federal and all carriers and agents are subject. The California DOI, as weird and messed up as it... mica.cooper
Insurance can be FUN :)
Posted: Wed Mar 9 -- I had a prospect call me a few years back, was starting up a business and needed insurance. I began by asking him the usual questions, and... Island Girl Agent
"Pay As You Go" Work Comp
Posted: Wed Mar 9 -- There is a new model being used by some carriers (KeyRisk, Preferred, Eastern Alliance) whereby the customer or their payroll firm submits... gbrach

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