Mar 9, 2011

Daily Headlines: Wednesday, March 9, 2011

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Insurance Journal Daily Headlines
March 9, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Young Agents: What Are YOU Thinking? Exclusive Survey

Young property/casualty insurance agents and brokers across the U.S. are being called upon to answer some questions ... and have some fun. ...

The Hanover Adds Coverage for Record Storage, Destruction Companies

The Hanover Insurance Group, Inc. has further expanded its suite of industry-specific capabilities-introducing a new offering for the ...

Monster Rolls Out Insurance Program with Focus on Energy Sector

Monster Insurance, a new Bermuda-based licensed underwriting facility, has partnered with an A XV insurance company to offer workers' ...

Schinnerer Launches Railroad Protective Program

Schinnerer has launched its Railroad Protective program to address the risks faced by businesses that own, manage or work on property that ...

Obama Administration Appeals Florida Judge’s Healthcare Ruling

The Obama administration Tuesday appealed a U.S. judge's ruling in Florida that struck down its landmark healthcare overhaul law as ...

AIG Repays $6.9 Billion More to Taxpayers

American International Group repaid another $6.9 billion of its bailout Tuesday, the U.S. Treasury said. With that payment, the Treasury ...

Noah Joins Insurer Group AIA in Federal Affairs Post

The property/casualty insurance trade group, the American Insurance Association (AIA), announced that Adam Noah has joined as its new vice ...

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

Insurance Costs Lead to Ticket Tax at Pennsylvania Theater

The southwestern Pennsylvania township where a major concert amphitheater is located plans to charge a 5 percent tax on tickets so it can ...

William Palumbo Agency Partners with Investment Firm

Massachusetts insurance agency William Palumbo Insurance Agency said it has partnered with The Bulfinch Group, a financial services firm in ...

KPMG Names Hay to Lead Insurance Practice

KPMG named Laura Hay national sector leader for the firm's insurance practice. In her new role, she will be oversee the strategic ...

Trevisan Named Senior Vice President at Willis Human Capital

Insurance broke Willis has named Jon Trevisan as senior vice president, director of placement for its human capital practice. Trevisan, who ...
Midwest

In Liquidation, Constitutional Casualty Downgraded to ‘F’

A.M. Best Co. reported it has downgraded the financial strength rating to F (In Liquidation) from D (Poor) and issuer credit rating to ...

Minnesota’s Western National Insurance Announces New Management Roles

Western National Insurance Group (WNIG), headquartered in Minnesota, has partially realigned its management team. The following members of ...

Wisconsin’s Bruce Gendelman Insurance Promotes Engebretson, Collazo

The Bruce Gendelman Insurance Co. (BGI), an insurance advisory firm headquartered in Milwaukee, Wis., has promoted Angela Engebretson to ...

Russell Consulting Group Makes Two Appointments

Russell Consulting Group, a Midwest-based risk management and financial planning firm, and its majority owner Country Hedging Inc., ...
Southeast

Florida House Leader Wants Separate Civil, Criminal Supreme Courts

Florida House Speaker Dean Cannon this week proposed creating a second Florida Supreme Court so that one set of justices could specialize ...

Heritage Insurance Is First Keystone Agency in Tennessee

Heritage Insurance Group of Johnson City has become Keystone Insurers Group's first agency partner in Tennessee. Heritage sells ...

Florida Lawmakers Aim to Shrink State Insurer Citizens

Florida lawmakers are looking to cut the state's largest property insurer down in size. The plan is to reduce the number of properties ...
South Central

Texas Lawmakers Want to End Driver Surcharges

Texas lawmakers are considering eliminating a program that requires those charged with offenses including driving while intoxicated and ...

Wier Joins Medicus Insurance as Marketing Manager

Austin, Texas-based medical professional liability insurance carrier, Medicus Insurance Co., has added Kevin Wier as marketing manager. ...

Newly Built Flood-Protection Levee in Louisiana Has Cracks

Cracks have formed in a Cocodrie, La., levee, one of the newest to be constructed as part of the Morganza-to-the-Gulf hurricane-protection ...
West

Oregon Workplace Injuries Decline More than 50%

Seventeen people covered by Oregon's workers' compensation system died on the job during 2010, the Department of Consumer and Business ...

Intercare Specialty Risk Insurance Mergers with PRM Insurance

Rocklin, Calif.-based Intercare Specialty Risk Insurance Services Inc. and PRM Insurance Services Inc. have inked a contractual agreement ...

Kirk Appointed to SCF Arizona Board

Arizona Gov. Jan Brewer has appointed Ken Kirk to succeed Brett Jones on the SCF Arizona board of directors. Kirk has a background in ...
International

FERMA Calls for ‘Mandatory’ Protocol for Broker/Company Transactions

The Federation of European Risk Management Associations (FERMA) has issued a response concerning the revised European Insurance Mediation ...

Lloyd’s Tackles Mardi Gras Risks

Mardi Gras celebrations are currently in full swing across the world, as Christians celebrate the beginning of Lent. Millions of revelers ...

Hannover Re Posts 2010 Growth as Net Income Tops $1 Billion

Germany's Hannover Re reported a "very pleasing year," as after tax group net income rose to €748.9 million [$1.043 billion], from ...

Aon’s Electronic Media Forum, to Tackle Digital Credit Control Strategies

Aon Risk Solutions points out that the "increasing popularity of e-books, iPads, and other digital publishing technology is fundamentally ...

S&P: EU Ruling on Gender Discrimination Likely to Have a ‘Neutral’ Effect

Standard & Poor's Ratings Services has issued a bulletin analyzing last week's European Court Of Justice ruling that prohibits ...

ABI Selects Thoresen as New Director General

The Association of British Insurers has appointed Otto Thoresen as its new Director General, effective on April 4. Thoresen is ...
Insurance Journal Blogs

Without Website Analytics, You're Throwing Darts in the Dark!

Does your company have web analytics software in place? If not, then let this be a wake-up call. You are not just missing an important ...

Best Practices - Workflows

A workflow consists of a sequence of connected steps. It is a depiction of a sequence of operations, declared as work of a person, a group of persons, an ...

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Insurance Journal TV

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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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How November Elections Changed Insurance Power in Washington

The November elections brought change to Washington as Republicans took control of the House...

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New Discussions in the Forums

Anyone with opinion on EZBuy electronic signatures
Posted: Tue Mar 8 -- mica I'm glad that you like e-signature... just seems that your arguments throughout this thread have been against it. So I'm a little... choicenotchance
Auto driven on a racetrack - NY PAP excludes
Posted: Tue Mar 8 -- Anyone know of any carriers that will provide primary Liability and Physical Damage in NY for a personal auto being taken to a racetrack... darnovak
WA Restaurant / B&B in Historic home
Posted: Tue Mar 8 -- I work in a Nonadmitted or Surplus Line environment and could underwrite that risk for you. Let me know if you are interested. SL Informant
Historic homes-districts
Posted: Tue Mar 8 -- I am inquiring on the availabilty of carriers that would be a good place to market homes that are on a national/state/local registry and/or... Companyman
CPCU classes vs. CLU classes
Posted: Tue Mar 8 -- bjwestner not yet. I am scheduled to take the exam on April 15. Congratulations on your passing too. Victoria860
Insurance can be FUN :)
Posted: Tue Mar 8 -- Years ago when I first started handling auto claims, I received a claim that was reported as insured vehicle struck telephone pole. Not that... bjwestner
"Pay As You Go" Work Comp
Posted: Tue Mar 8 -- Sounds like an interesting program. I wonder if the commission on your end is affected by it in any way. I hope you don't mind if i steal... jackolive

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