Mar 29, 2011

Daily Headlines: Tuesday, March 29, 2011

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Insurance Journal Daily Headlines
March 29, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

9 Alternatives to Individual Health Insurance Mandate; Will They Work?

There are alternatives to the controversial federal government mandate that everyone purchase health insurance in order to expand coverage ...

National Legal Association Selects The Hanover as Lawyers E&O Provider

The Hanover Insurance Group, Inc. has been selected by the National Legal Aid and Defender Association (NLADA) as the exclusive provider of ...

Under SEC Pressure, Berkshire Took Q4 Writedowns on Stocks

Warren Buffett's Berkshire Hathaway took nearly $1 billion in writedowns on three stocks last quarter under pressure from U.S. regulators ...

AIG Ex-CEO Greenberg Loses Bid to Remove Judge from Case

The judge overseeing New York's lawsuit against former American International Group Inc. Chief Executive Hank Greenberg denied Monday a ...

From MyNewMarkets.com Insurers Make Changes to Dog Owner Liability

The insurance industry is going to the dogs, literally. Since December, Progressive, Chubb and The Hartford have all updated their coverage...
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East

Maine Couple Loses Lawsuit Against Cement Company

A Maine couple has lost its lawsuit against Dragon Cement claiming the company's cement plant made their nearby home unsellable. In their ...

Coleman Joins All Risks

Maryland-based broker All Risks has named Cindy Coleman business development manager for its nationwide REO/ force placed property ...

New York Dilutes Plan to Merge Banking and Insurance Departments

The merger of New York state's banking and insurance departments might not create the powerful agency first advertised, according to ...
New training this week from Academy of Insurance: What Your Agency Must Do to Avoid E&O from Certificates of Insurance
Midwest

Analysis: Business Agenda Advancing in Missouri

Frustrated by a perceived lack of success at a Missouri Capitol that professes job-creation as its top goal, more than a dozen ...

Capitol Insurance Names Ogilvie Chief Operating Officer

Capitol Insurance Cos., a Madison, Wis.-based national provider of specialty property/casualty insurance and commercial surety products, ...
Southeast

North Carolina Eyes Public Panel to Oversee Home Insurance Rates

Frustrated by rising home insurance rates, some North Carolina residents want a greater role in the rate approval process and state ...

West Virginia Counties’ Program Expanding to Workers’ Compensation

A West Virginia risk pool created to provide property and liability coverage to counties around the state is looking to expand into ...

Florida Allows Reinsurer Alterra Bermuda to Reduce Collateral

Another reinsurer has stepped forward to take advantage of a Florida law that allows it to lower its collateral and still conduct business ...

More Than 200 Kentucky Dams Rated High Hazard

More than 200 of Kentucky's 1,000 dams in Kentucky are considered high hazards, which threaten property, people and animals if breached. ...

McCarthy Joins Patriot National for Gulf Coast Region

Patriot National Insurance Group announced that Thomas McCarthy has joined its team as regional vice president of the Gulf Coast region. ...
South Central

Insurer Group Says Amendments to Arkansas Bill Prevent Coverage Expansion

Amendments to insurance-related legislation in Arkansas will prevent unintended expansion of commercial liability insurance coverage in ...

Texas Business Owner Sentenced for Workers' Comp Fraud, Tax Evasion

Texas Mutual Insurance Co. reported that a Travis County district court sentenced Gary C. Quintinsky of Houston to a two-year prison term ...

Towerstone Adds Ortiz, Proctor in Dallas

Dallas-based Towerstone Inc., a wholesale insurance broker and managing general agency, has added Emmanuel Ortiz as account manager and ...
West

Hawaii May Drain Hurricane Funds

Hawaii is running out of time to find an estimated $232 million needed to balance the budget over the next three months, leading Gov. Neil ...

Study: Calif. Workers’ Comp Reforms Eroded

California's workers' compensation reforms in 2002-2004 have been eroded, a new study has confirmed. According to a report by the ...

Marrs Maddocks Recognized as Carlsbad Chamber Busines of the Year

The Carlsbad Chamber of Commerce, California's 10th largest Chamber with more than 1,600 members, recently honored Marrs Maddocks and ...

Baker Appointed to Lead California Department of Industrial Relations

California Gov. Jerry Brown has appointed Christine Baker as chief deputy director of the Department of Industrial Relations (DIR). Baker ...

Report Calls Into Question Use of Addictive Narcotics in Workers’ Comp Claims

A relatively small percentage of medical providers are responsible for writing narcotic prescriptions in California workers' compensation ...
International

2010 Nat Cats, Disasters Cost $218 Bn – $43 Bn Insured; Says Swiss Re

According to Swiss Re's latest sigma study, worldwide economic losses from natural catastrophes and man-made disasters were $218 billion ...

Piracy: Enough is Enough Say Shippers as They Seek Government Help

Ship owners are calling on governments to curb the escalating threat from the increasingly audacious attacks by Somali pirates. The attacks ...

U.S. Business Group Says Doha Round Hopes Fading

Chances for a deal this year in long-running world trade talks are fading and likely will remain remote unless world leaders become ...

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Insurance Journal TV

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Soft Market Is Finally Ending, Really, Says SNL Financial

Could the long soft market really be over? Several recent reports concluded it is not over....
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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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New Discussions in the Forums

Marketing Marketing Marketing
Posted: Mon Mar 28 -- Become an object of interest in your marketplace. Be seen as offering unique value. Be so good and valuable that people marvel at the hight... scott
cpcu woes
Posted: Mon Mar 28 -- The fact that only 3-5% of those working in P&C get the designation will, in itself, make you a standout.If at all possible keep plugging... Dave Medvidofsky
adp peo
Posted: Fri Mar 25 -- If the client has an x-mod, then that means they're what's known as a "Rule IV" client (at least in California). That is, they have to... Big Dog
Agency Appointment/ Agent Certification
Posted: Fri Mar 25 -- Probably much easier for you to get your agent's license and then negotiate with an agency with a contract with the placing company to pay... gforaker
Open your doors and look what comes in...
Posted: Fri Mar 25 -- D, I feel your pain! I had a similar situation with a potential client a few years ago that manufactured & distributed beauty products that... bclawhorn
What is your broker of record policy?
Posted: Fri Mar 25 -- Dear Earlybird, You bring up an interesting point. And just to be clear, I have no false hope that this practice will ever change because... RKunz2

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