Jun 10, 2011

Daily Headlines: Friday, June 10, 2011

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Insurance Journal Daily Headlines
June 10, 2011
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Today's Headlines

National

Judge Hands Toyota Owners Setback in U.S. Lawsuit Over Losses

A federal judge said Toyota owners outside California who seek to recover losses in their vehicles' value resulting from unintended ...

Who's Hiring? Claims Industry Among Top 10 Fastest-Growing

Employment may be weak across the nation, but several industries — including the insurance claims industry— are expected to rapidly ...

Judges Question Individual Mandate in Healthcare Law

Three federal appeals judges expressed unease with a requirement that virtually all Americans carry health insurance or face penalties, as ...

Travelers to Post Q2 Loss, Limit Share Buybacks Due to Storm Losses

Travelers Companies Inc. is slowing down its share buybacks and will post a second-quarter operating loss because of more than $1 billion ...

Skype Sued in U.S. by Luxembourg Firm Alleging Patent Infringement

Internet video phone company Skype Inc. was sued in U.S. federal court Thursday for infringing the patents of a Luxembourg company, which ...

Last Chance: Submit Today to be a Top 100 Independent Agency

Don't miss your chance to participate in the 2011 Top 100 Property/Casualty Independent Insurance Agencies report. The extended deadline is ...

Best Revises Universal North America’s Outlook to Stable; Affirms Ratings

A.M. Best Co. has revised the outlook to stable from negative and affirmed the financial strength rating (FSR) of 'A-' (Excellent) and ...

Ratings Roundup: Park, Farmers of Salem, Auto-Owners, DTRIC

A.M. Best Co. has downgraded the financial strength rating to 'C++' (Marginal) from 'B-' (Fair) and issuer credit rating to "b" from ...

NAS Creates Data Security Risk Management Web Site

NAS Insurance Services has launched its Data Security Risk Management Web site.  The site offers up-to-date state and federal laws, ...

Sun Life Financial Launches Malpractice Insurance Reimbursement

The Employee Benefits Group division of the U.S. business group of Sun Life Financial, Inc. has launched a malpractice insurance ...

From MyNewMarkets.com AAIS Revises Personal Umbrella Forms to Address Cyber Bullying

"Electronic aggression," sometimes called "cyber-bullying," is an excluded offense under newly revised personal umbrella policy forms being...
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East

Massachusetts Family Sues Following Boy’s Escalator Death

The family of a 4-year-old Massachusetts boy who died after falling from a mall escalator has filed a wrongful death lawsuit. Mark DiBona ...

New York Health Insurance Exchange Bill Preserves Agents' Role

New York agents are cheering a new Senate bill that guarantees a role for producers in the state's health insurance exchange. A bill ...

Vermont Officials Seek Flood Damage Reports

United Way officials in Vermont say they want to collect information to help make the case to the federal government that the state should ...
New training from Academy of Insurance: Linking individual goals to the overall goals of the organization ensures that your employees are invested in the success of the business. Learn the keys to setting effective individual performance goals and strategies to follow thru the execution of these important goals.
Midwest

Low Yields Best Insurance as U.S. Farmers Plant Corn

Ohio farmer Jeff Hoak was excited and anxious at the same time. His wedding was coming up, and many of his corn fields had yet to be ...

Ohio Insurance Agent's License Revoked

Ohio Lieutenant Governor and Department of Insurance Director Mary Taylor revoked the resident insurance agent license of Jeffrey Hum, of ...

Missouri Insurance Director Elected to NAIC Executive Committee

John M. Huff, director of the Missouri Department of Insurance, Financial Institutions and Professional Registration, was elected June 6 as ...
Southeast

Father’s Day: Tennessee Court Considers Paternity Fraud, Damages

The Tennessee Supreme court has agreed to hear a case that could decide whether a man has legal grounds to sue for being duped into ...

P/C Insurance Industry Wins, Loses in Scott's First Session

It is axiomatic in Florida that when it comes to the legislature and insurance issues, the power brokers play for the last 72 hours. No ...

Florida Judge Questions Tickets in Red Light Camera Debate

A Broward judge has ruled that law enforcement officers cannot ticket drivers for running red lights. It's another piece of legal wrangling ...
South Central

Federal Appeals Court Reverses Ruling on Texas 'Ambulance Chasing' Bill

A federal court of appeals has overturned a lower court's ruling that an "anti-ambulance chasing" bill in Texas is unconstitutional. ...

Louisiana Insurance Fraud Investigators May Carry Guns in Future

A day after two unarmed Louisiana insurance fraud investigators were gunned down while looking into a case, the state insurance ...

Oklahoma Commissioner Questions Legality of Driving Record Fee

Oklahoma Insurance Commissioner John Doak has requested that the state's attorney general determine whether a 2010 bill increasing the ...

Chase Appointed Executive VP at MarketScout

MarketScout, a Dallas-based electronic insurance exchange with managing general agent (MGA) and wholesale operations, appointed Jay Chase ...

Texas Windstorm Insurance Association Purchases Reinsurance

The Texas Windstorm Insurance Association (TWIA) announced it has purchased $636 million in reinsurance protection. The policy will cover ...

Louisiana Senators Subpoena Report on Benefits Office

State senators in Louisiana have subpoenaed Gov. Jindal's administration, seeking a report about the governor's efforts to hire a private ...
West

Lloyd’s Kiln Acquires 49% Stake in US-based WNC Holdings

Lloyd's insurer and syndicate leader R.J. Kiln, a member of the Tokio Marine Group, announced that it has bought a 49 percent share in ...

Insurance Professionals of San Joaquin County Install New Officers

The Insurance Professionals of San Joaquin County, Calif., a local chapter of the National Association of Insurance Women, International, ...

St. Paul Fire & Marine Sues Denver Broncos

St. Paul Fire & Marine Insurance has filed a lawsuit against the Denver Broncos and nine of its former players, saying its policies ...

San Francisco lnsurance Women’s Group Names Award Winners

The San Francisco Chapter of the National Association of Insurance Women has presented  Marie Meadows of International Marine Underwriters ...

PEMCO Expands Coverage to Oregon

PEMCO Insurance today announced it is offering home and automobile insurance coverage in Oregon. The Northwest company said it initially ...

Beecher Carlson Acquires DW Harper Group

Atlanta-based Beecher Carlson, an industry specialized insurance brokerage and risk management consulting firm, has acquired Santa Ana, ...

Nevada Construction Defect Reform Bill Dies in Senate

Proposed Nevada construction defect lawsuit reforms that were criticized as "window dressing" by the building industry died in the Senate. ...

Oregon Man Can’t Ride Bike Because of Suspended Driver’s License

When Paul McClain had his driver's license suspended for driving a car without insurance, the 41-year-old Springfield, Ore., resident ...
International

Lloyd’s Highlights Potential Impact from Cyber Crime, Data Loss

Cyber crime has become a high profile problem for risk managers, heightened as a result of the recent attacks by hackers on Sony. In an ...

Swiss Re to Reinsure Ethiopian Microinsurance Project

Swiss Re is to reinsure a five-year project that provides drought insurance for crops in Ethiopia, in a microinsurance program developed by ...

Climate Talks Floundering without Ministers

Negotiations meant to avert dangerous climate change are stuck over future emissions restrictions in wrangling at meetings below the ...

MAPFRE RE Opens Paris Branch Office

MAPFRE RE has opened a branch office in Paris, which, it said would "promote the development of LHA reinsurance (Life, Health and ...

Cooper Gay Hires Directors for Latin American Downstream Energy

UK-based Cooper Gay has hired two divisional directors to its London downstream energy team, with the intention of driving international ...
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Sponsored Content

Matt Koenig, CPCU Joins the Commercial Lines Team at Atlantic Specialty Lines of VA

Richmond, VA, 6/10/2011 - Atlantic Specialty Lines of VA is excited to announce the hiring of Matt Koenig as a commercial lines ...

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Insurance Journal TV

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Markets in Motion: Medi-Spa

The anti-aging market has become more sophisticated, more profitable and more risky. From...
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Agents Battle MLR Rules

The sweeping federal health care reform law enacted last year is having a major bottom line...

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New Discussions in the Forums

Ethical Problem - Please help!
Posted: Wed Jun 8 -- CSP is correct. We had an ex-employee get into our computer system, delete her file and then claim that we never paid her vacation pay. Our... justthere
..a complicate package prospect question!..
Posted: Tue Jun 7 -- Hi D's Insurance Store: Thank you so much for your suggestion. I did remember once my colleague taught me about it; It is that sometimes you... roycheong1031
Innovative Insurance Product (PA)
Posted: Mon Jun 6 -- I represent the inventor of an innovative insurance based business method, patent pending, involving the purchase of real estate. My client... garyashapiro
Auto driven on a racetrack - NY PAP excludes
Posted: Thu Jun 2 -- Try Lockton Affinity's HPDE program. I believe they released an ala carte product a year or so ago for track day and driving school events... brydo
Policies written through E&S markets--Florida
Posted: Thu Jun 2 -- Any evidence of coverage (Dec's, certs etc) issued by a producing agent pursuant to this section must include the name and address of the... TheInsKid
Warehouse Legal Liability for CA Moving and Storage Company
Posted: Wed Jun 1 -- Hanover has a program for Moving and Storage Companies... a01

Reader Comments

New Jersey Court: Drunk Driver Can Sue Bar that Served Him
Posted: Fri Jun 3 -- Another absurd rendering by the NJ courts. It's time to start holding individuals accountable for their own poor judgment and social... Jester
Pennsylvania Woman's Lawsuit Claims Dunkin' Brew is Too Sweet
Posted: Tue Jun 7 -- If you have diabetes, you need to put your own sweetener in. Mikey
Pennsylvania Woman's Lawsuit Claims Dunkin' Brew is Too Sweet
Posted: Tue Jun 7 -- Speaking as a diabetic, this case makes me ill. A sugar packet contains about 2-4 grams of carbohydrate. Say they put in 2 packets of sugar... Mad
Lawyers for Obama, 26 States Square Off Over Healthcare Law
Posted: Thu Jun 9 -- "Our point is that people are seeking this good already in untold numbers … and that the failure to pay for that good when they seek it... Ned
Pennsylvania Woman's Lawsuit Claims Dunkin' Brew is Too Sweet
Posted: Tue Jun 7 -- Call me cynical, but the moment I read "the resulting difficulties have deprived Jordan of her usual customary duties, activities,... Joey

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