Mar 16, 2011

Daily Headlines: Wednesday, March 16, 2011

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Insurance Journal Daily Headlines
March 16, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Many Unemployed Rejected by Individual Health Insurance Market: Study

Of the 43 million working-age adults who lost jobs during the recession in the past two years, about nine million, or 20 percent, ended up ...

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

Business Chief to Stay on in Maine Cabinet

Gov. Paul LePage is keeping Anne Head in his Cabinet as commissioner of the Department of Professional and Financial Regulation. Head, of ...

Massachusetts Urged to Remove Dangerous Dams

Lawmakers were told Monday that unsafe, abandoned or obsolete dams are "time bombs'' that pose a threat to public safety and wildlife ...

Integro Acquires Windward International

New York-based Integro has acquired Windward International Inc., a marine insurance broker based in New Jersey. Terms of the deal were not ...
Midwest

State Cites Notre Dame Safety Violations in Student Death

Indiana regulators fined Notre Dame $77,500 on Mar. 15 for six safety violations in the October death of a 20-year-old student who was ...

Hylant Group Adds Silverblatt, Speckman in Chicago

Privately owned insurance brokerage firms Hylant Group has added two insurance industry experts to its Chicago office. Neil Silverblatt has ...
Southeast

Mississippi Debates ATV Helmet Law for Kids

Mickey Hale, the manager of a store that sells all-terrain vehicles, says manufacturers encourage consumers to get training before taking ...
South Central

Arkansas Earthquakes Decline After Injection Well Closures

The number and strength of earthquakes in central Arkansas have noticeably dropped since the shutdown of two injection wells in the area, ...

Oklahoma Lawmaker Wants Study of Possible Dual Workers' Comp Systems

Oklahoma State Rep. Joe Dorman wants to study an idea brought to him by a constituent that the lawmaker said could lead to significant ...

Oklahoma Bill Would Expand Political Appointments

Nearly all statewide elected officials, including insurance commissioner, could become political appointees under a bill narrowly approved ...
West

U.S. Western Tsunami Losses Climb

As states in the West clean up tsunami damage, loss estimates are climbing, according to local officials. In Hawaii, the estimate ...

Allstate Seeks 88 Agents in West

Allstate has launched a recruitment campaign across the West, seeking 15 exclusive agents in New Mexico, 34 in Arizona, 19 in Nevada and 20 ...
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International

Debate Begins: Will Japan Disaster Raise Insurance Rates?

Losses from the Japanese earthquake will reduce insurers' capital reserves, insurance brokers said Tuesday, as sector shares continued ...

Japan Scrambles to Pull Nuclear Plant Back from Brink of Disaster

Japan's nuclear crisis appeared to be spinning out of control on Wednesday after workers withdrew briefly from a stricken power plant ...

Best Comments on Rating Impact of Japanese Earthquake/Tsunami

A.M. Best Co. has issued a bulletin indicating that it does not "expect an immediate rating impact on Japanese non-life insurers and ...

SCOR Gives Preliminary View on Japanese Natural Catastrophes

France's SCOR Group has issued a bulletin concerning the Japanese earthquake and tsunami in which it expressed "its deep sympathy for the ...

Canada’s Manulife Says Japan Exposure ‘Less than $153 Million’

Manulife Financial said Monday the impact of the earthquake and tsunami in Japan should be less than C$150 million (US$152.93 million), ...

Montpelier Re Estimates $75 Mn NZ Quake Losses; $15 Mn Australian Floods

Bermuda-based Montpelier Re Holdings announced that its preliminary pretax net loss estimate from the February New Zealand earthquake will ...

Aspen Appoints Calaiaro as Sr. VP – Investor Relations

Bermuda-based Aspen Insurance Holdings Limited announced that the Company has appointed Kerry Calaiaro as Senior Vice President, Investor ...

Best Report Notes Growth in Panama Insurance Market

A new report from A.M. Best notes that Panama's insurance market is the largest in Central America, and is expected to continue to ...
Sponsored Content

Trade Group Insurance Specialties, Inc. Celebrates March Madness

San Diego – March 16, 2011 - Trade Group Insurance Specialties, Inc. has announced that in celebration of its 4th year in business ...

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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

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
FSC Pipeline anyone?
Posted: Mon Mar 14 -- Was also wondering if anyone has tried FSC Rater Pipeline yet. Have heard so much about their Lead Management Software that's to be... manny_gonz
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
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

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