Mar 15, 2011

Daily Headlines: Tuesday, March 15, 2011

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Insurance Journal Daily Headlines
March 15, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Republicans Target Dodd-Frank Reforms, Rating Firms’ Liability

Congressional Republicans on Wednesday will stage their first outright challenge to 2010's Dodd-Frank financial regulation reforms with a ...

Public Database for Product Safety Complaints Goes Live

Despite a last-minute attempt to derail it, the U.S. government launched a public database Friday that allows Americans to report and ...

PPIB Launches Weight Loss, Artisan Contractors Programs

PPIB of Novato, Calif., has launched two new programs: one for weight loss centers and one for artisan contractors. The weight loss program ...

Markel Renews Partnership with American Camp Association

Markel Specialty announced the renewal of its American Camp Association (ACA) Mission Partner Sponsorship for the next three years. This ...

From MyNewMarkets.com One Year Later: How New E&S Firms Fare in Today's Competitive Landscape

The excess and surplus market has been in high demand recently as admitted carriers barge into the marketplace and new E&S companies...
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East

No-Fault Claims Top New York Insurance Fraud List

Almost nine in 10 suspected health care fraud cases in New York last year came from no-fault auto injury claims, a cottage industry so rife ...

Core Programs Established in New Jersey

A new program administrator, Core Programs, has launched in New Jersey. The Totowa-based firm, managed by 23-year industry veteran Richard ...

MEMIC Promotes Bourque to Senior Vice President

Maine-based workers' comp insurer The MEMIC Group has promoted Michael P. Bourque to senior vice president for external affairs. Bourque ...
Midwest

Westfield Insurance Expands Commercial Operations into Wisconsin

Westfield Insurance, headquartered in Ohio, announced it has expanded its commercial operations into the state of Wisconsin, with ...

Westfield Insurance Promotes Kohmann to Group Finance Leader

Ohio-based Westfield Insurance has promoted Joseph C. Kohmann to group finance leader (CFO) and treasurer effective April 1, 2011. He ...

Jury: North Minneapolis Blogger Must Pay $60K in Damages

A jury says a north Minneapolis, Minn., blogger must pay $60,000 in damages to a community leader who was fired from the University of ...
Southeast

North Carolina Senators Want to End Car Inspections

Getting a car inspected can be a hassle, and a legislative report criticized North Carolina's annual vehicle safety program. But law ...

Kentucky Condo Owners Await Ruling Over Shoddy Construction

A group of condominium owners in northern Kentucky is hoping a judge's ruling will give them an opportunity to collect several million ...
South Central

Bills Filed in Texas Would Create 'Loser Pays' Tort System

Legislation filed in Texas would create a "loser pays" legal system that Texas Gov. Rick Perry says would provide stronger protections ...

SBA: Small Businesses Provide Nearly 55% of Private-Sector Jobs in Louisiana

The U.S. Small Business Administration reports that in 2008 nearly 400 thousand small businesses were operating in Louisiana, representing ...
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West

Washington Governor Signs Bill to Improve Workers’ Comp System

Washington Gov. Chris Gregoire haswqa signed Senate Bill 5801, which directs the Department of Labor and Industries to create a statewide ...

GeoVera Insurance Launches Hurricane Product in Hawaii

GeoVera Insurance Co. has launched a residential windstorm-hurricane insurance product in Hawaii. The policy will insure residential ...

Critics Say Nevada Anti-Bullying Bill Too Subjective

Critics of a bill that would protect against workplace discrimination based on physical appearance told legislators that the anti-bullying ...

Oregon Considers New Requirements for Outdoor Guides

Oregon officials are considering ways to better police outdoor guides to make sure they're licensed and professional. The Mail Tribune of ...

Beecher Carlson Adds Edwards to Energy Practice

Atlanta-based Beecher Carlson has appointed Garry Edwards managing director. He will take a lead role in growing the company's property ...

Heffernan Names Lantz Assistant VP in Orange, Calif.

Heffernan Insurance Brokers,a full-service, independent insurance brokerage firm, has hired Brett Lantz as assistant vice president of its ...
International

EQECAT Analyzes Specific Exposures from Japan Quake/Tsunami

Catastrophe modeling firm EQECAT has issued a bulletin describing the potential insured market losses and summarizing the various impacts ...

All Eyes on Reactor Vessel as Japanese Nuclear Crisis Worsens

Fears of a nuclear disaster in Japan heightened on Tuesday after radiation levels around its quake-stricken power plant soared following ...

Japan Quake/Tsunami Loss Estimates Continue to Hit Insurers’ Shares

Investors sold insurance shares Monday in fear of how high the total losses from Japan's earthquake and tsunami will go, though it will ...

Lloyd’s Statement on Japanese Earthquake/Tsunami

Lloyd's of London has issued the following statement on the Japanese earthquake: "Our thoughts are still with those affected by the major ...

Japan Recovery and Reconstruction Cost ‘at Least $180 Billion’

Quake-hit Japan faces a recovery and reconstruction bill of at least $180 billion, or 3 percent of its annual economic output and more than ...

Swiss Re Reaffirms Commitment to Japanese Market

Swiss Re issued a statement which stressed that it is "committed to the Japanese insurance market and to supporting the country's recovery ...

Fitch Ratings: Japan Quake/Tsunami Losses ‘Appear Manageable’

Fitch Ratings has issued a bulletin, indicating that it "believes that while the 11 March earthquake in Japan will be among the largest ...

Arch Estimates NZ Quake Loss at $35-$70 Million; Assessing Japan

The Bermuda-based Arch Capital Group announced that the Company's 2011 first quarter results will be negatively impacted by the New ...

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New Discussions in the Forums

Anyone with opinion on EZBuy electronic signatures
Posted: Mon Mar 14 -- And good morning to you Mica. Mica why the name calling? I'm on your side my amigo. Everyone has to start somewhere. Did someone... InsureLord
Do you use online leads services?
Posted: Mon Mar 14 -- If so, who have you used and which vendors have provided the best leads? Do you get quality business out of the leads that you buy? What is... AgencyEquity
CPCU and Opportunities
Posted: Sat Mar 12 -- Hi all, I was wondering what those of you in hiring positions or with relevant experience in the industry think about the advantages of... paulbennings
Insurance can be FUN :)
Posted: Fri Mar 11 -- In my other life as a commercial underwriter with a standard market carrier I as contacted to write coverage for a metal art work piece.... LisaL
"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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