Mar 17, 2011

Daily Headlines: Thursday, March 17, 2011

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Insurance Journal Daily Headlines
March 17, 2011
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Today's Headlines

National

U.S. First Responders Will Learn from Japan’s Tragedy: Napolitano

Homeland Security Secretary Janet Napolitano says federal. emergency agencies constantly rehearse for a disaster like the one unfolding in ...

As Economy Improves, Risk Profiles Can Worsen

Slowly, but with growing certainty, the economy is recovering. Improving economic vitality is certainly good news, but companies need to be ...

Chubb Adds Pet Injury Coverage, Other Enhancements to Auto Policy

The Chubb Group of Insurance Cos. is adding up to $2,000 in coverage to its automobile policy for pets injured or killed in a crash or ...

Marsh Expands U.S. Construction Practice

Marsh has appointed two veteran insurance brokers to its U.S. Construction Practice. Joining the practice are Scott Hull as Managing ...

From MyNewMarkets.com Japan's Tragedy A Reminder of Need for Business Interruption Insurance

The human, social and economic devastation in Japan from the massive earthquake and tsunami is overwhelming and business losses are just...
East

Worker at Rhode Island Business Dies

Authorities say they are investigating the death of a worker at a North Kingstown company. Police say the 26-year-old man was moving ...

Dad of Gas-Soaked Stun Gun Victim Sues Pennsylvania Police

The father of a Pennsylvania man who had soaked himself in gasoline during a domestic dispute is suing the Pennsylvania State Police ...

New York Fraud Investigators Arrested 668 People Last Year

New York investigators arrested 668 people accused of insurance fraud last year, including a Brooklyn woman arrested after a fist fight, a ...
Midwest

Unrest in Captive Insurance World Benefits the GlobalGreen Agency

Ray Spears, Jeff Wilson and Charles Donaldson in 2007 established GlobalGreen Insurance Agency as the brand name for the franchise network ...

Missouri Senate Endorses Workers’ Comp Changes

Missouri senators have given first-round approval to legislation that restricts employees from suing co-workers over injuries incurred on ...

North Dakota Flood Insurance Policies Down Slightly

The number of flood insurance policies issued to North Dakota residents so far this year is down slightly from last year, despite ...
Southeast

Florida Senate Moves to Curb Liability Suits Against Car Makers

The Florida Senate has approved a bill that would change the apportionment of damages in product liability cases so that a judge or jury ...

Georgia Seeks Waiver from Medical Loss Ratio Rule

Georgia is requesting a waiver from a key element of the federal healthcare overhaul that sets how much of health insurance premiums must ...

Mississippi Senate Sends ATV Safety Bill to Governor

The Mississippi Senate has passed a bill requiring safety measures for young ATV riders, sending the bill to the governor for ...

Kentucky to Penalize Lawyers Who Solicit Auto Accident Victims

Nearing the close of its regular legislative session, Kentucky lawmakers enacted bills designed to crack down on fraudulent auto personal ...
South Central

Arkansas Updates Procedures for Insurance Producer Appointment Renewals

Arkansas insurance regulators have published updated procedures for insurers to use in renewing producer appointments for 2011. The ...

Oklahoma Senate Approves Ban on Texting While Driving

The full Senate has given its support to a bill that would make it illegal to text while driving. State Sen. Jerry Ellis is the author of ...
West

Big Quake Would Crumble Many Portland Buildings

A structural engineer for the city of Portland says about 10 percent of the city's buildings would tumble down in a sustained, violent ...

Western Region Insurance Women’s Association Names Award-Winners

The National Association of Insurance Women Region VIII, comprised of Arizona, California, Hawaii, Nevada and Utah, has named its recent ...

Gibbons Joins Intercare Holdings Insurance as VP

Mark Gibbons has been named vice president of business development for Intercare Holdings Insurance Services. His responsibilities will ...

Oregon Supreme Court: Negligence Claim OK, Despite Contract

The Oregon Supreme Court has ruled that a claim for property damage arising from construction defects may lie in tort, in addition to ...

James to Lead Fireman's Fund's National Broker Team

Novato, Calif.-based Fireman's Fund Insurance Co. announced that Andrea James has assumed the role of vice president, national sales ...
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International

EQECAT Updates Japan Quake/Tsunami Analysis; Insured Losses $12-$25 Billion

Insured losses from the magnitude 9.0 earthquake and tsunami that struck Japan last Friday are between $12 billion and $25 billion, ...

Global Fears Mount as Japan Takes Desperate Measures to Cool Reactors

Operators of a quake-crippled nuclear plant in Japan dumped water on overheating reactors on Thursday while the United States expressed ...

EU Regulator: ‘No Major Threat’ to Europe’s Insurers from Japan Crisis

European insurers face no major threat from the turmoil ensuing from last week's earthquake and tsunami in Japan, the European Union's ...

Ship Owner Calls for Suez Canal Boycott over Pirate Threat

A leading Norwegian ship owner called on tanker operators to boycott the Suez Canal which he said would force global powers to intervene in ...

RenRe Estimates Australia Flood Losses $30 Mn; NZ Quake $190 Mn

Bermuda-based RenaissanceRe Holdings Ltd. announced its initial loss estimates for the 2011 Australian flooding as well as the February ...

Lloyd’s Insurer Kiln Enters Liability Market

Kiln, the international insurance and reinsurance underwriting group, and a subsidiary of the Tokio Marine group, announced that it has ...

XL Insurance Promotes Bruce-Smythe to CUO – Int’l. P/C

XL Insurance, the global insurance operations of the XL Group, has promoted Gavin Bruce-Smythe to Chief Underwriting Officer (CUO) for its ...

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Soft Market Is Finally Ending, Really, Says SNL Financial

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Will Deficit Debate Affect Flood Insurance? Taxes?

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New Discussions in the Forums

Need comp in Ca for structural steel contractor
Posted: Thu Mar 17 -- Risk is 1 year in business with 6 week lapse in coverage. Needing coverage asap. Metal decking contractor class code 5057 with $50000 in... trotter
Speed boat/Texas
Posted: Wed Mar 16 -- Any one know where I can place a 30' Spectre Cat w/ dual 500hp motors with a max speed of 95mph? I'm in Texas. Thanks in advance. BobbyCounts
FSC Pipeline anyone?
Posted: Wed Mar 16 -- Am using it now: chose because it was insurance-specific, good value, and relatively simply (not trying to duplicate functions already... St.CaptiveGuy
Do you use online leads services?
Posted: Wed Mar 16 -- Well put d's. This is a common topic in the forum. If I may - I've personally used 4 of the top lead generation companies in the business.... RKunz2
What is the value of your Insurance Agency?
Posted: Tue Mar 15 -- I get calls about this all the time. I am no valuation expert, but I know values are increasing due to a number of reasons. First of all,... AgencyEquity
CPCU and Opportunities
Posted: Mon Mar 14 -- Hi All: Thank you for the thoughtful replies. You are both in line with what everyone else has said thus far. I have 5 courses finished and... paulbennings

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