May 5, 2011

Daily Headlines: Thursday, May 5, 2011

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Insurance Journal Daily Headlines
May 5, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Report: Workers’ Comp Line Deteriorates Further in 2010

Workers' compensation continued to worsen in 2010 as the combined ratio jumped five points to 115 in 2010 from 2009. In its State of the ...

Whistleblowers Not Protected for Media Leaks, Federal Court Rules

Whistleblower protections in a federal accounting law do not cover leaks to the media, a U.S. appeals court has ruled, dealing a blow to ...

Terrorism Risks Lead Professionals to Refuse Business Trips

Growing concerns over worldwide terrorism have caused some professionals to refuse going on business trips. Half of all respondents to a ...

Markel Programs, Whorton Insurance to Offer Mobile Food Vendor Program

Markel Programs has partnered with Whorton Insurance Services, Inc., a managing general agency, to offer immediate availability of a ...

Brooke Insurance Franchise Executives Settle SEC Fraud Charges

Five executives of the failed Kansas-based insurance agency franchise firm Brooke Corp. have agreed to settle charges of financial fraud ...

C-Suite Executives Now Expect More from Risk Managers

The financial crisis has raised the expectations that executives in the C-suite have of their risk managers to be leaders within their ...

From MyNewMarkets.com Reality TV Gets a New Name, Creates New Opportunities for Agents

American's thirst for reality television has led to all kinds of different "reality" programming. From housewives, to crab fishing to dirty...
East

Delaware: 2,500 Drivers Cited Since Cell Phone Ban Began

The Delaware Office of Highway Safety says more than 2,500 drivers have been cited since the state's hands-free cell phone law went into ...

Business Insurance Associates Joins Iroquois Group

Business Insurance Associates (BIA) of Davidsonville, Maryland has joined The Iroquois Group. BIA started in 2000 as an employee benefits ...
Midwest

Missouri Approves Bill to Protect Consumers from ‘Storm Chasers’

Missouri lawmakers have given final approval to a bill that proponents say will help protect homeowners from unscrupulous contractors. ...

Missouri Farmers Sue Over Levee Breach; Feds Say Help Available

The dramatic, late-night demolition of a huge earthen levee sent chocolate-colored floodwaters pouring onto thousands of acres of Missouri ...

Talkowski Appointed Vice President of CNA’s Wisconsin Branch

CNA Financial Corporation has appointed Kristina Talkowski as vice president of its Wisconsin branch. Talkowski holds the Chartered ...

Garrison Joins J.M. Wilson as Underwriter

J.M. Wilson, a managing general agency based in Kansas City, Mo., has added Ariynna Garrison in Kansas City as property and casualty ...

Kansas Legislature Passes Crash Tax Ban

The Kansas Legislature has passed legislation that prevents local governments from charging fees for routine accident response services, ...
Southeast

This Is the House that House Built

Robert House's previous house in Summit, Mississippi had wooden floors, and walls made of 200-year-old longleaf heart pine. After it burned ...

West Virginia Jury Awards $2.69M in Fatal DUI Wreck

The families of four people killed in a fatal drunken driving accident in West Virginia have won a $2.69 million verdict in their lawsuit ...

IBHS Hires Quarles as Senior Scientist

The Insurance Institute for Business & Home Safety (IBHS) named Steve Quarles senior scientist for hurricane/high-wind building ...
South Central

Louisiana Prepares for Higher Water Levels Than Expected

Emergency officials in Louisiana are preparing for even higher Mississippi River water levels than had previously been estimated, after ...

U.S. Supreme Court Refuses Arkansas Poultry Company Appeal

The U.S. Supreme Court has refused to hear an appeal by an Arkansas-based company that was ordered to pay $14.5 million to Oklahoma poultry ...

Van Gieson Promoted in State Auto's Western Regional Office

State Auto Insurance announced that Erin Van Gieson has been promoted to Personal Lines sales manager in the company's Western Regional ...

FEMA Defends Lack of Disaster Declaration Over Texas Wildfires

The Federal Emergency Management Agency defended its decision to refuse more assistance for Texas in the wake of devastating wildfires, ...

Oklahoma Residents Get $1M in Federal Aid After Tornado

The U.S. Department of Homeland Security announced that more than $1 million in federal aid has been disbursed to Oklahomans recovering ...

Oklahoma Town Council OKs Kangaroo in City Limits

A northeast Oklahoma woman will be allowed to keep a partially paralyzed kangaroo in her house as a therapy animal. The Broken Arrow City ...

Barrilleaux Joins MarketScout as Senior VP

Dallas-based national electronic insurance exchange and specialty managing general agency, MarketScout, announced that Brian Barrilleaux ...
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West

Los Angeles Sues Deutsche Bank Over Foreclosure Blight

The city of Los Angeles has sued Deutsche Bank, claiming the global financial institution is one of the biggest ''slumlords'' in the ...

BP to Pay $85 Million to Settle Alaska Oil Spill Case

BP has agreed to pay a $25 million civil penalty, as well as spend $60 million on enhanced safety measures, to settle a federal probe of a ...

Montana Lawmakers Add Tax to Workers’ Comp Bill

On the last day of the Montana legislative session, lawmakers added a 2.75 percent premium tax on insurance sold by the Montana State Fund ...

Montana Reducing Workers’ Comp Costs 22.4%

Montana Commissioner of Securities and Insurance Monica Lindeen has approved a 22.4 percent reduction in workers' compensation insurance ...

Washington Uninsured Motorist Rate Unchanged at 16%

The percentage of uninsured drivers in Washington has remained stable in spite of the economic downturn, according to the Insurance ...
International

First Quarter Earnings Report: Swiss Re, Zurich Financial Services

Swiss Re has estimated that its first quarter P&C pre-tax catastrophe losses exceed $2.3 billion, resulting in...

ING to Push Ahead with Insurance IPOs, Divestments

Dutch financial services group ING said on Thursday it was on track to list its U.S., European and Asian insurance units and to divest ...

Allianz Preliminary Q1 Figures Show $1.339 Billion Profit

Germany's Allianz has issued a bulletin outlining the Group's fiexpected financial results for the first quarter of 2011. It will release ...

First Quarter Earnings Reports: SCOR, Alterra Capital

SCOR's Q1 loss figures are directly related to the period's natural catastrophes. The reinsurer currently ...

Aon Benfield Analyzes Q1 Cat Bond Performance

 Aon Benfield Securities, the investment banking subsidiary of Aon Corp., has released its latest Insurance Linked Securities (ILS) ...

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Interstate Compacts? Forget About Them

In preparation for new surplus lines regulations, states are considering whether to join...
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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 signaled that...

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New Discussions in the Forums

Independent Contractor (LLC) v. Employed by Agency
Posted: Thu May 5 -- I am an independent P&C agent. I have been considering, with the help of my current Agency owner, forming an LLC and working exclusively... wwheider
Degree in IRM or CPCU
Posted: Thu May 5 -- Good Day! I was bit confused from last few months, I had been working in an Insurance broking firm abroad (Outside U.S), now i was finally... mus4dd1q
Risk Purchasing Groups
Posted: Wed May 4 -- There are RPG's and RPG's. Just some items to check with this RPG: - Is a reinsurance cut through endorsement available? - Is the insuring... Rock54
Live Music venue in CA with open A&B claim
Posted: Mon May 2 -- "If I am reading this correctly, the risk has had 2 A/B claims; one is closed, one is still open? That could... Rob

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