Apr 25, 2011

Daily Headlines: Monday, April 25, 2011

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Insurance Journal Daily Headlines
April 25, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Military’s Medical Malpractice Shield Law Could Face Key Test

Veterans, military families and others who oppose a decades-old law that shields military medical personnel from malpractice lawsuits are ...

High Stakes in Today’s Supreme Court Case on Securities Fraud Suits

The U.S. Supreme Court on Monday is set to hear arguments in a case that could dramatically raise the bar for shareholders seeking to file ...

Is Buffett’s Teflon Finally Wearing Off? Annual Meeting Coming Up

Aside from maybe the odd cheeseburger stain on his tie, nothing much sticks to Warren Buffett. Whether his underlings are convicted of ...

P/C Premium Growth Not Enough for Market Turnaround: Conning

The property/casualty insurance industry can expect premium growth of between 3 and 4 percent in 2011, and about 5 percent for the ...

Marsh Launches Dodd-Frank/FDIC Receivership Endorsement

To provide additional cover to executives and directors at financial companies, whose personal assets are now at greater risk as a result ...

From MyNewMarkets.com Standard & Poor's Report: Expect Increased Volatility, Competition for D&O Insurers

The directors and officers' liability (D&O) product line could become unprofitable within the next few years--if it hasn't done so...
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East

Insurers Receive Hundreds of Tornado Claims in Virginia

Property owners in Virginia have submitted hundreds of claims to insurers for damage caused by recent tornadoes. The Virginian-Pilot ...

Feds Charge 16 in Pennsylvania Identity Theft Scheme

Federal authorities say they've broken up an identity theft ring involving two bank tellers and an insurance company employee. Justice ...

Rhode Island Town Council Ex-President to Admit to Fraud

A former president of the North Providence town council has agreed to plead guilty to charges in an insurance fraud scheme involving a ...
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Midwest

St. Louis Cleaning Up After Tornado Hits Airport, Local Communities

Flights began departing the St. Louis, Mo., airport on April 24 for the first time since a tornado struck two days earlier. Departures ...

Ohio Plans May 5 Switch to Electronic Licensing System

Ohio insurance regulators will soon make a switch to an electronic system for agent licensing. Ohio Lieutenant Governor and Director of the ...

High Water Takes Toll on North Dakota Dams

North Dakota officials say that many small and aging dams will likely need repair after a third straight waterlogged spring. One of those ...

Cincinnati Financial Corp. Announces Leadership Changes

Cincinnati Financial Corp. announced the transition of company leadership and expanded responsibilities for key officers, effective May 2, ...
Southeast

Georgia Passes Bill Regulating Insurance Certificates

Georgia Gov. Nathan Deal is expected to sign into law a bill requiring that certificate of insurance forms be filed with and approved by ...

North Carolina Businesses, Injured Workers Square Off Over Benefits

Business groups last Thursday praised proposed legislation that changes workers' compensation laws in ways that lower employer costs, while ...

5 Former Volunteer Firefighters in West Virginia Face Arson Charges

Five former members of a volunteer fire department in Jefferson County, West Virginia have been charged with arson and conspiracy. The ...
South Central

Anonymous Donor Buys Insurance for Oklahoma Kangaroo

An anonymous donor has purchased a $50,000 insurance policy to help an Oklahoma woman keep her pet kangaroo as a therapy pet. The Broken ...

Firefighters in Texas Continue Battle, Worry About Weather

Firefighters continued to make gradual progress containing massive, wind-whipped wildfires that raged across Texas on April 23, while ...

Tornadoes Confirmed in Oklahoma, Arkansas

The National Weather Service has confirmed at least three tornadoes touched down in Oklahoma in the night on April 22 as a line of fierce ...
West

More Colorado Residents Opt to Prepare for Disasters

Four families in Yoder, Colo., are building a sand bunker and stockpiling ammunition and weapons. A Black Forest resident has erected a ...

2nd Wash. House Workers Comp Floor Motion Fails

Washington Republicans attempted again a procedural motion on the House floor that would have allowed a vote on a Senate bill establishing ...

Oregon Permanent Disability Awards Decline 57%

Falls and highway accidents caused the most permanent total disabilities in Oregon in 2009, according to a new report by the Department of ...

Mercury Insurance to Announce Q1 Earnings on May 2

Los Angeles-based Mercury General Corp. will be hosting a Webcast at 1 p.m. EST on May 2, 2011, to announce its first quarter financial ...

San Francisco Women’s Insurance Group Elects New Officers

The San Francisco Chapter of the National Association of Insurance Women has elected its new board of directors. The following officers ...

Sequioa to Offer Pay-As-You-Drive Insurance in California

California Insurance Commissioner Dave Jones has approved a filing by Sequoia Insurance Co. to offer Pay-as-You-Drive auto insurance ...

Barney & Barney Adds Borsenberger in Commercial Division

San Diego-based Barney & Barney LLC, a large insurance brokerage, has added Dennis Borsenberger to the Commercial Division. ...
International

Japan to Launch Massive Search for Quake Victims Bodies

Japan will send nearly 25,000 soldiers backed by boats and aircraft into its disaster zone Monday on an intensive land-and-sea mission to ...

Somali Pirates Release Greek-owned Ship; Ransom Paid

Somali pirates have freed a Greek-owned, Cyprus-flagged ship they seized in January after receiving a ransom payment, the pirates and a ...

Beazley Remains Confident, Despite Q1 Catastrophes

The first quarter of 2011 reminded the insurance industry of just how unpredictable natural catastrophes can be. Beazley plc, which is ...

Allianz Confirms Cat Bond Commitment with $40 Million U.S. Placement

Germany's Allianz has reconfirmed its commitment to catastrophe bonds, as a useful and generally accepted method of transferring a certain ...
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New Discussions in the Forums

Using a recorder for CPCU study
Posted: Mon Apr 25 -- Interesting question. I purchased a recorder for my most recent exam that I took. I did this because in taking my CLU and RHU courses, I... bjwestner
What are some creative ways to market commercial accounts?
Posted: Mon Apr 25 -- I am looking for some creative ways to market commercial clients. If you have tried something and it works I would love to hear what you... akasubowski
Restaurant with renovations and Triple Net lease
Posted: Sun Apr 24 -- I guess there is not enough time to underwrite as a restaurant since the owners have commenced renovations and catering operations. Check... Rock54
How should I compensate my producers?
Posted: Sun Apr 24 -- I am starting a new agency after being in the independent world for quite some time. I am not sure which module works best for paying my... GOVERNER
National Agents Alliance? Legit or Keep Away?
Posted: Sun Apr 24 -- Good news guys, I will be a guinea pig for you all and checkout this NAA "opportunity". I work in the mortgage industry and quite like it,... slushpuppyking
Energy Savings Insurance (ESI)
Posted: Fri Apr 22 -- Ever find a carrier interested in writing ESI coverage? I am not surprised that AIG (Chartis) is out of that business. The System... alexbell
"Houseominiums" in CA
Posted: Fri Apr 22 -- Will geovera offer a quote? Maybe that would satisfy the requirement. nixonjf
QQ Evolution/Solution Management System?
Posted: Fri Apr 22 -- OK gforaker, I appreciate your post and points you mention. On the accounting, I don't want one of our CSR's using time to do our... Agent79
Business Networking
Posted: Fri Apr 22 -- I have been going to a lot of neworking events lately and I dont think they are really helping. I will stick with it but I wish I could be... landersinsurance

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