Jun 24, 2011

Daily Headlines: Friday, June 24, 2011

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Insurance Journal Daily Headlines
June 24, 2011
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Today's Headlines

National

Can U.S. Make Phoning While Driving as Taboo as Drunk Driving?

The nation risks a surge in deadly accidents unless it makes distracted driving — talking, texting and surfing the Internet while ...

Hercules Executives Sued Following Failed ‘Say on Pay’ Vote

In an early test of ''say-on-pay'' voting, a shareholder sued Hercules Offshore Inc. directors and top executives, demanding that they ...

Citi Skimped on ID Theft Protection for Data Breach Victims: Reuters

After a massive data breach last month, Citigroup did not offer its hacked clients the same degree of identity-theft protection that many ...

Supreme Court Allows Damages Suit Against CSX Railroad

The Supreme Court says a man can use a federal law to collect damages against a railroad. The high court on Thursday ruled in a 5-4 ...

House Approves Patent Reform Bill Similar to Senate’s

Patent legislation that aims to clear a years-long backlog of applications and allows the patent office set its own fees was approved by ...

Ratings Recap: Stonebridge, RLI Group, Am. Agricultural, ARIC

A.M. Best Co. has affirmed the financial strength rating of 'A-' (Excellent) and issuer credit rating of "a-" of Stonebridge Casualty ...

XL Names Mitchell as President of Excess and Surplus Unit

XL Insurance has named Roxanne Mitchell as president of its Excess and Surplus lines unit, reporting to Seraina Maag, chief executive, ...

Beacon Hill Expands WC Product to Environmental Contractors, Consultants

PartnerOne Environmental, Beacon Hill Associates' underwriting division, now offers workers compensation coverage to additional ...

From MyNewMarkets.com 4 Things Agents Should Do to Avoid E&O Claims

After handling insurance coverage claims for years, a distinct pattern has emerged: sometimes the insurance agent gets "caught in the...
Workers Comp Training Pack from Academy of Insurance
East

New York Approves Deregulation of Large Commercial Insurance Products

New York insurers and insurance agents are applauding lawmakers for giving final approval to a bill that eases regulations on commercial ...

Brooklyn Auto Body Shop Charged with Inflating Bills to Insurer

Kings County District Attorney Charles J. Hynes announced has charged Borough Park autobody shop, Perfect Collision, with intentionally ...

Allstate Seeks to Recover $1 MiIlion in New York Fraud Lawsuit

Allstate Insurance is seeking to recover more than $1 million against 10 New York area defendants it alleges filed fraudulent claims for ...

Bridgeport Rebuilding as Tornado Anniversary Marked

A year has passed since a tornado roared down Main Street in Bridgeport, Connecticut, battering buildings and toppling trees in the Nutmeg ...

New York City Police Officer’s Horse Suit Dismissed

A judge has reined in a New York City's police officer's lawsuit against the city over a mishap on horseback in 2004. A Manhattan judge ...

Hall Named Top Exec at Great Falls

Maine-based Great Falls Insurance Co., a newly licensed insurer specializing workers' compensation coverage has named Gary Hall as ...
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Midwest

Detroit Neighborhood Plans 300 Demolitions

The Detroit enclave of Highland Park plans to demolish more than 300 abandoned and neglected structures. The Detroit Free Press reported ...

Illinois Doctors Plead Guilty to Work Comp Fraud in Ohio

A pair of Illinois brothers who traveled to Columbus, Ohio, to practice psychiatry were sentenced for workers' compensation fraud after ...

Horan Hires Chief Financial Officer in Cincinnati

Cincinnati, Ohio-based employee benefits and financial services firm Horan has added Kurt Krebs as vice president and chief financial ...

Tornado Repairs at St. Louis Airport May Cost $30M

The cost to repair tornado damage at Lambert-St. Louis International Airport could reach as much as $30 million. Airport officials said ...
Southeast

Alabama, FEMA Leaders Meet to Plan State’s Tornado Recovery

More than 60 representatives of private, public and nonprofit groups are discussing ways to help Alabama recover from an outbreak of deadly ...

Mississippi Property Insurance Rates Leveling Off: Chaney

State Insurance Commissioner Mike Chaney says property insurance rates in Mississippi have leveled off for the time being. Chaney told a ...

Kentucky’s Churchill Downs Assessing Tornado Damage

A possible tornado damaged several horse barns at Churchill Downs, prompting track officials to temporarily halt races Thursday at the ...

PIA of Tennessee Names Paris as Chief Executive

Brennan J. Paris has been named the new executive vice president of the Professional Insurance Agents (PIA) of Tennessee. He is the sixth ...

Broker Citadel Opens Florida Office; Names Webb Southeast Director

Utah-based Citadel Insurance Services, a specialty program broker, has expanded its operations by opening a new regional office in Tampa, ...

North Carolina Residents Near Wildfire Urged to Evacuate

Residents near the Onslow and Pender county line in North Carolina are being evacuated on a voluntary basis as a wildfire spreads. As of ...
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South Central

Oklahoma Lawmaker Seeks Study on Day Care Insurance

Oklahoma state Rep. Mike Shelton has requested a legislative study to determine if the state can enact policies that result in all day ...

Texas Takes 26.5% of ‘Roadchecked’ Commercial Vehicles Out of Service

During the recent 72-hour Roadcheck 2011 program, the Texas Department of Public Safety and other Texas law enforcement agencies inspected ...

Private Sector Fuels May Job Growth in Louisiana

The private sector continued to lead non-seasonally adjusted nonfarm job growth in May for the state and in most of Louisiana's ...
West

Report: SoCal Quake Would Rattle Economy

A new study says a big Southern California earthquake would rattle the region's economy as well as its buildings. The U.S. Bureau of ...

Californians’ Biggest Disaster Fear: Earthquakes

Of the many possible disasters that could befall Californians, Golden State residents fear earthquakes the most, according to a recent ...

Portland Audit Suggests Moving Public Safety Employees to Workers’ Comp

A Portland, Ore., audit is recommending the city move firefighters and police officers currently covered by the City of Portland Fire and ...

Arrowhead Wholesale Insurance Names Bleasdale Broker

Arrowhead Wholesale Insurance Services of San Diego has named Kathy Bleasdale assistant vice president. She will work as a broker working ...

Fawkes Named Insurance Professional of the Year

Robin Fawkes of San Mateo County (California) Schools has been named Insurance Professional of the Year at the recent international ...
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International

New Zealand Offers to Pay 5,000 to Leave Quake-Hit Homes

New Zealand's government said that it will offer to pay thousands of homeowners to leave areas of the country's second-largest city that ...

Casualty Actuaries Should Consider Foreign Customs, Economics, Politics

A bulletin from the Insurance Information Institute notes that a recent Casualty Actuarial Society seminar advises actuaries that when it ...

Best Affirms Ironshore and Subs Ratings

A.M. Best Co. has affirmed the issuer credit rating (ICR) of "bbb-" of Cayman Islands-based Ironshore Inc., as well as the financial ...

Best Upgrades Lancashire’s Ratings to ‘A’; Outlook Stable

A.M. Best Co. has upgraded the financial strength rating to 'A' (Excellent) from 'A-' (Excellent) and issuer credit ratings (ICR) to ...

Aviva’s Accident Recovery Sale to Carlyle Won’t Change Ratings Says S&P

Standard & Poor's Ratings Services said that the ratings on the U.K.-based Aviva Group (core operating entities rated AA-/Stable) are ...

Ratings Recap: IGIUK, MAPFRE Re (Panama), Arab Misr, Gulf, Caribbean Alliance

A.M. Best Europe – Rating Services Limited has assigned a financial strength rating of 'A-' (Excellent) and an issuer credit rating of ...

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New Discussions in the Forums

Nursing Home (TX)
Posted: Fri Jun 24 -- There are various nursing homes in Texas, but finding the best one is the most difficult part. Aside from the rates, you must assess the... braveheart
Hi Exmod contractor in CA
Posted: Thu Jun 23 -- Contact The Zenith. They do quite well with high mod accounts and they provide excellent loss control services and assistance so that this... Croberts24
Non Compete Insurance?
Posted: Wed Jun 22 -- Repeat after me, "Lawyers are not experts in insurance". What kind of policy would cover an intentional act? Like I said, talk to an... gforaker

Reader Comments

Wave of Lawsuits Hits Calif. Retail Stores
Posted: Mon Jun 20 -- The next time somebody tells lawyers are an important part of our commercial fabric, you can show them this. Nobody benifits from... Charlie
Even Low Blood Alcohol Level 'Buzz' Unsafe for Driving: Study
Posted: Tue Jun 21 -- I'm sure the millions and millions of people on powerful pain, anti-anxiety and anti-depressant meds are great drivers that always make... matt
How Much Is a Dad Worth?
Posted: Fri Jun 17 -- I don't mind you saying you wouldn't want to be married to a stay at home dad. That's your choice. But are you really saying a stay at home... Hank

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