Jun 13, 2011

Daily Headlines: Monday, June 13, 2011

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Insurance Journal Daily Headlines
June 13, 2011
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Today's Headlines

National

Supreme Court Defines Primary Liability in Mutual Fund Prospectus Case

Janus Capital Group Inc. and a subsidiary cannot be held liable in a lawsuit by shareholders over allegedly false statements in ...

Commercial Insurance Prices Still Flat But Workers' Comp Moving Up

Commercial insurance prices were relatively flat for the ninth consecutive quarter, and new data confirm the deterioration of loss ratios ...

Buffett Charity Lunch Sells for $2.63 Million

A steak lunch at Smith & Wollensky in Manhattan starts at $36.50. The same lunch, eaten in the company of legendary investor Warren ...

Toyota to Face 2013 Trial Over Sudden Acceleration

A federal judge has chosen a Utah crash that killed two people as the first bellwether trial in nationwide litigation over whether Toyota ...

Private Antitrust Lawsuits Decline in U.S.

Price-fixing lawsuits against the air-cargo industry have produced steady cash flow for U.S. plaintiff lawyers and their clients, with ...

Aon, Global Excess Partners, Terminix Partner to Deal with Bed Bugs

According to a survey released earlier this year by the National Pest Management Association, one out of five Americans has had a bed bug ...

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

New York Governor Wants Tougher Penalty for Texting Drivers

Drivers who text behind the wheel in New York now run little risk of being pulled over by the police, but that would change under a ...

Demolition Begins of Fire-Ravaged Mill in R.I.

The owner of a historic mill building in Woonsocket, Rhode Island destroyed in a massive fire that broke out Tuesday says demolition of the ...

Fire Pit Fuel Pulled After New York Explosions

A jellylike fuel made for ceramic firepots has been yanked from store shelves after a pair of explosions severely injured three people in ...
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Midwest

Michigan Court Clears Storage Owner in Customer’s Death

The owner of an Ann Arbor, Michigan self-storage business has been cleared of liability in the death of a customer who accidentally locked ...

Keystone Insurers Group Welcomes Indiana's McGowan Insurance

McGowan Insurance Group Inc. of Indianapolis has become Keystone Insurers Group's 27th franchise partner in Indiana, the companies ...
Southeast

South Carolina Supreme Court Upholds Two-Tier Damages Cap

South Carolina's two-tier statutory cap on damages is constitutional, the state Supreme Court has ruled. In the same ruling, however, the ...

North Carolina Lawmakers Agree on Workers’ Compensation Benefit Change

Consensus legislation to change limits on benefits for workers injured on the job in North Carolina has swept through the General Assembly ...

Tennessee Jury Awards $200K in Sexual Bullying Case

Two mothers who claimed their sons were sexually bullied have won a lawsuit against the Wayne County, Tennessee schools and have been ...

Tennessee High Court Agrees Judge Took Too Long

The Tennessee Supreme Court has upheld the Court of the Judiciary's decision that Cocke County General Sessions Judge John A. Bell took too ...
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South Central

Flags Flown at Half-Staff in Louisiana to Honor Slain Insurance Investigators

American and Louisiana flags in flew half-staff at Louisiana government buildings on June 9 and 10 in a show of respect for two state ...

Louisiana Gov. Keeps Group Benefits Privatization Report Secret

Louisiana Gov. Bobby Jindal's administration handed over to senators a report involving efforts to privatize a state worker health ...

Rio Grande Valley Insurance Broker Sentenced to Prison

A 47-year-old Harlingen man was sentenced to more than three years in federal prison for a scheme to defraud a Rio Grande Valley hospital ...

IMS/London American Adds Travis as Senior Commercial Underwriter

IMS/London American announced that Jody L. Travis has joined the firm as a senior commercial underwriter. Travis has more than 20 years of ...

SIAA Adds 33 Members in May; 4 Are South Central Agencies

New Hampshire-based Strategic Insurance Agency Alliance (SIAA) announced it signed 33 new members in May. Of these, 24 are liberated ...
West

Anthony Clark Sells Southern California Agency

Calgary, Alberta, Canada-based Anthony Clark International Insurance Brokers Ltd., has announced the sale by its United States subsidiaries ...

$1.2M FEMA Tsunami Grant to Oregon County

The Federal Emergency Management Agency has announced a disaster relief grant of nearly $1.2 million to Oregon's Curry County to help ...

Lockton Names Nichinson, Johnson VPs in San Francisco

Lockton has named Laurel H. Nichinson as a vice president and unit manager in the firm's Commercial Insurance division, and Robert L. ...
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International

Transatlantic, Allied World Agree to Merger

Transatlantic Holdings, Inc. and Allied World Assurance Co. Holdings, AG on Sunday signed a merger agreement that will create a leading, ...

Mexico Buys $400 Million of Disaster Insurance

Mexico Friday announced that it has bought more than $400 million worth of insurance to protect vulnerable areas from the impact of ...

International Monetary Fund Cyber Attack Boosts Calls for Global Action

Governments, multinational corporations and global institutions are losing the battle against computer hackers and must combine their ...

Insurers Meet in Canada on United Nations Sustainability Principles

Canada is this week hosting the third of seven United Nations conferences to develop a set of sustainability principles for the insurance ...
Sponsored Content

Burns & Wilcox CEO to Speak at MarketScout's Entrepreneurial Insurance Symposium

Success Story to be Profiled Dallas, TX, 6/13/11 – The Entrepreneurial Insurance Symposium Alan Kaufman, Chairman and CEO of Burns & ...

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New Discussions in the Forums

Virginia Property and Casualty HELP!!!!!!
Posted: Fri Jun 10 -- Hey, I am currently working for an insurance company as a receptionist (you can guess my company by the letters in my username) and my boss... SDuronF
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
National Agents Alliance? Legit or Keep Away?
Posted: Tue Jun 7 -- "Danlman- A true professional WILL inform the customer and pass on business when he/she cannot help instead of force... AFVetGrrl84
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

Reader Comments

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
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
Massachusetts Family Sues Following Boy's Escalator Death
Posted: Fri Jun 10 -- The "gap" is irrelevant. The root cause is parental negligence and the parents should be charged. Nobody should allow a 4 year old child to... Jester

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