May 27, 2011

Daily Headlines: Friday, May 27, 2011

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Insurance Journal Daily Headlines
May 27, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

States Hit Hardest by Recent Tornadoes Among Least Insured

Many of the states hammered by what's already the deadliest year for tornadoes in more than half a century have among the nation's highest ...

Smaller Cars Improve Safety Performance

As automakers are building more small cars, they are managing to make them safer than ever, new car safety tests show. Six of 13 small cars ...

Bankruptcy Court Approves Summit Media Rescue Plan

A court has approved a plan of reorganization for Summit Business Media Holding Co., parent of The National Underwriter Co. and other ...

Is Human Error in Workplace Preventable? Maybe, Maybe Not

If a worker makes a mistake that leads to an accident, should that employee take the blame? Maybe not, according to Indiana University of ...

Best Affirms Travelers and Subsidiaries Ratings

 A.M. Best Co. has affirmed the financial strength ratings (FSR) of 'A+' (Superior) and issuer credit ratings (ICR) of "aa" of ...

From MyNewMarkets.com Markets in Motion: Medi-Spa

The anti-aging market has become more sophisticated, more profitable and more risky. From botox injections to laser treatments, the...
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East

Connecticut Couple Wins $58M Malpractice Award

A jury awarded a Connecticut couple $58 million after their baby was born with severe injuries in what the couple's attorneys called the ...

Main Join’s Aon in Pittsburgh

Aon Risk Solutions named Randy Main senior consultant of health and benefits in the firm's Pittsburgh office. Main will advise clients on ...

Confie Seguros Buys Two New Jersey Agencies

Confie Seguros has acquired two New Jersey insurance brokerages - Royale Insurance and First Americano Insurance Agency. The agencies' ...
Midwest

Joplin Tornado Death Toll Rises; Engineers Assess Hospital Damage

Rescue and recovery work in Joplin, Missouri was shadowed by uncertainty as crews still hoping to find survivors combed areas that had ...

Drunk, Joyriding Husband Covered by Insurance in Michigan for Crash

A western Michigan man excluded from his wife's insurance policy still is eligible for benefits in a drunken crash, thanks to a line of ...

14 Killed as Tornadoes Carve Path Through Midwest

A violent storm system rumbled through the central U.S. on Wednesday, spawning tornadoes that turned homes into splintered wreckage, ...

April Storm Damage in Ohio Estimated at $123M

The Ohio Insurance Institute estimates that mid-April storms caused more than $123 million in damage across the state. The industry group ...

Illinois Agency Fighting Release of Workers’ Comp Settlement Details

The Illinois agency that processes workers' compensation claims is challenging the state attorney general's order that it release details ...

Iowa-based United Fire Files Reorganization Plan

be automatically converted into one share of United Fire Group common stock. Shareholders of United Fire common stock would hold the same ...
Business Income Insurance Training Series: 5-Part training series from Academy of Insurance starts next week - Learn more and register today
Southeast

DuPont Moves to Block ‘Double-Dipping’ by West Virginia Plaintiffs

DuPont wants a judge to deny plaintiffs in a West Virginia personal injury case the right to enroll in a related, court-administered ...

Florida Wildfire Danger High Heading Into Memorial Day Weekend

The danger of wildfire is very high throughout Florida due to lack of rain, low humidity and windy conditions. Jim Karels, director of the ...

Hub to Acquire South Carolina’s First Southeast Insurance

Hub International Limited plans to acquire First Southeast Insurance Services, Inc. (FSIS), an insurance brokerage firm headquartered in ...

AuclaireRe Hires Young to Expand Reinsurance Operations

Reinsurance intermediary firm AuclairRe International, Inc. announced the expansion of its reinsurance practice with the addition of Rory ...
South Central

Homeowners of America Insurance Names Rosentraub CFO

Homeowners of America Insurance Co., based in Irving, Texas, has named Michael C. Rosentraub as chief financial officer. Rosentraub has ...

Texas Mutual to Distribute $155M in Policyholder Dividends

Texas Mutual Insurance Co. plans to distribute $155 million in workers' compensation dividends in 2011. Dividends reward loyal ...
West

Colo. Governor Approves Workers’ Comp Reforms

Colorado Gov. John Hickenlooper has signed legislation approving state workers' compensation reforms. Senate Bill 11-199, sponsored in the ...

Oregon Senate Passes Insurance Fraud Bill

The Oregon Senate has passed a bill that makes insurance fraud in claims a crime. According to the insurance fraud bill, SB 401, fraud ...

Insurance Professionals of Los Angeles Names New Officers

The Insurance Professionals of Los Angeles, Inc, (IPLA), a local chapter of the National Association of Insurance Women, International, has ...

Wood Gutmann & Bogart Insurance Names Focardi Loss Control Manager

Tustin, Calif.-based Wood Gutmann & Bogart Insurance Brokers has named Theresa Focardi loss control manager. She will service customers ...

Poms & Associates Adds Two to Staff

Woodland Hills, Calif.-based Poms & Associates Insurance Brokers Inc., an insurance brokerage firm focusing on commercial insurance, ...
International

Visitors Raise Irish Hopes for an End to Financial Crisis

The people of Ireland cheered up a bit following the back to back visits of Great Britain's Queen Elizabeth II, and the President of the ...

Eurocontrol: No Major Ash Impact on Air Traffic

No significant disruptions of air traffic are expected in Europe in coming days as a result of volcanic activity, Eurocontrol said ...

Thomas H. Lee Partners to Acquire Sword Insurance

Thomas H. Lee Partners, L.P. (THL), a private equity firm, and the French-owned Sword Group announced that they have signed a definitive ...

S&P Lowers Ratings on Residential Re’s Notes to ‘B+’

Standard & Poor's Ratings Services has lowered its rating on the Class 2009-1 notes issued by Residential Reinsurance 2009 Ltd. to ...

Ratings: Tunis Re, Endurance (shares), LAPP, Electro Re/First Beacon, National General

A.M. Best Europe ?€" Rating Services Limited has removed from under review with negative implications and affirmed the financial strength ...
Sponsored Content

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Insurance Journal Blogs

iQ Universal Truth #3 – The Rules of The Insurance Game

iQ Universal Truth #3 The Rules of The Insurance Game One way to look at the competitive arena of insurance sales is to view it as a game. ...

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Interstate Compacts? Forget About Them

In preparation for new surplus lines regulations, states are considering whether to join a...
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Producer Compensation: The Good and the Great

Creating a compensation plan that is both fair to producers and the agency is critical in...

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New Discussions in the Forums

Ethical Problem - Please help!
Posted: Fri May 27 -- Is there a paper copy of the request to increase the reserves in your files? If so, leave it there. As to the notepad documentation, if... Big Dog
Restaurants in CA
Posted: Fri May 27 -- What carriers are big players in restaurants in CA (already know about Allied and Oregon Mutual) This is for a large account with 30... JAM
Condo Associations
Posted: Fri May 27 -- California. We have Tarvelers and Philadelphia. I just wanted to see what aother bing players might be in this market so I dont waste my... JAM
watercraft (jetski )rental
Posted: Thu May 26 -- I have several markets that will offer jet ski rental watercraft liability for both the jet skis and the business operations as well. Feel... Jramos
SEO and buying back links
Posted: Thu May 26 -- Hi, SEO is the only secret that enables us to reach high rankings quickly and naturally for competitive keywords. When the traffic on your... della
Which is better "PIA" or "PIIB"?
Posted: Wed May 25 -- Does anyone have any recommendations between PIA (Professional Insurance Agency) based out of China, or PIIB (Pacific Interstate Insurance... Nikita137
Continuing Education ... Masters Degree in Insurance?
Posted: Tue May 24 -- A CPCU desigination is best. However, I would request an informational interview with a couple of Fortune 500 company's risk managers and... mccluney
Need comp in Ca for structural steel contractor
Posted: Tue May 24 -- Trotter- we can help you out, please give me a call today or send the Acords to... RAM

Reader Comments

German Insurer Organized Orgy for Best Salesmen
Posted: Mon May 23 -- All I got was a fruit basket... Say What?
U.S. Refuses to Pay Michigan Insurer for Ferrari Wrecked by FBI Agent
Posted: Mon May 23 -- It really just bugs me that this FBI agent can hop in a car for a joy ride, total it and then the insurer is just out $750,000 due to his... Wayne 2
German Insurer Organized Orgy for Best Salesmen
Posted: Tue May 24 -- True, but AIG did make our government bend over... Say What?
U.S. Refuses to Pay Michigan Insurer for Ferrari Wrecked by FBI Agent
Posted: Mon May 23 -- "It's good to be the King; sucks to be you", so sayeth the King. Little Frog
Suit Filed in Boy's Fatal Fall After Lakers Game
Posted: Thu May 26 -- A tragedy and better barriers are most likely warranted. However, who puts their 2-1/2 year old so close to the edge without another adult... Alice

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