Jun 20, 2011

Daily Headlines: Monday, June 20, 2011

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Insurance Journal Daily Headlines
June 20, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Supreme Court Denies Huge Sex Bias Class Action Against Wal-Mart

The U.S. Supreme Court ruled for Wal-Mart Stores Inc. on Monday in the largest sex-discrimination lawsuit in history, saying class-action ...

Banks Lose Bid to Limit ‘Hot News’ Republication of Analysts’ Research

A federal appeals court handed a major defeat to Wall Street banks in ruling that a financial news service did not misappropriate their ...

Hackers Might Face Stiffer Sentences in U.S.

Even before a loosely organized group of hackers broke into the CIA's and Senate's public websites, the White House asked for stiffer ...

Expert Assesses Cyberinsurance Market: Demand, Prevention, Recovery

Demand for cyberinsurance was rising even before the most recent highly-publicized parade of breaches at major corporations and ...

Zurich Issues Loss Estimate for Spring Storms in U.S.

Zurich Financial Services Group said it currently estimates aggregate claims of approximately $295 million for both Zurich North America ...

Survey: Insurers Say Mergers Yield Stronger Competitive Position

More than 60 percent of insurers say that their most recent merger accomplished the desired objective of competitive position ...

54 Students Win Insurance Industry Scholarships

InVEST, an insurance industry classroom to career education program, has awarded $47,000 in scholarships to 54 students who are pursuing ...

PLIS Pioneers Bed Bug Insurance for Lodgings

Professional Liability Insurance Services Inc. – Underwriting Facilities, on June 1, launched business interruption and extra expense ...

Digital Insurance Acquires Agencies in Illinois and Arizona

Digital Insurance Inc., an employee benefits agency specializing in insurance for small businesses and mid-sized companies, has acquired ...

The National Alliance Names Outstanding State CSRs

The National Alliance for Insurance Education & Research named this year's state winners who will represent their states and compete ...

From MyNewMarkets.com Guidelines to Limit an Agency's Risks in Social Media

Social media has become a powerful way for members of the insurance community to communicate with clients, prospects, referral sources,...
Enter the IJ Facebook Photo Contest for a Chance to Win $250 or Other Great Prizes! Click here for more information.
East

Whistleblower Sues N.H. Insurance Regulators

A health policy analyst with the New Hampshire Insurance Department who was fired after challenging her bosses over a federal health care ...

Advocates Say Mass. Temp Agencies Need Oversight

Blue collar workers hired through temporary staffing agencies often aren't paid fairly and have difficulties filing workers' compensation, ...

Maine Jury Awards $6.7M in Malpractice Case

A Maine jury has awarded $6.7 million to a woman whose husband died at Eastern Maine Medical Center following an all-terrain vehicle ...

New Jersey Town Approves Heliport for Powerbroker’s Firm

The Evesham, New Jersey Township Planning Board has approved a proposal to build a heliport despite objections from a nearby hospital and ...

Massachusetts Tornado Claims Now Up to $140 Million

Massachusetts insurance officials have updated estimates on insurance claims resulting from this month's Western and Central ...
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Midwest

Illinois AG: Workers’ Comp Bill Doesn’t Go Far Enough

Illinois' attorney general has praised parts of the recently approved workers' compensation overhaul, but she says it would be a "gross ...

Freund Named Chief Financial Officer at Accident Fund

Michigan-based workers' compensation firm Accident Fund Holdings, Inc. has appointed Frank Freund as chief financial officer. Freund is ...

Koehler Picked to Lead BancorpSouth Insurance Services Houston Office

Fritz Koehler has joined BancorpSouth Insurance Services Inc. as the managing director of its Houston office. BancorpSouth purchased ...

Missouri Health Care Organization: Smokers Need Not Apply

A St. Louis-based health care organization will no longer hire smokers to work at any of its seven area hospitals, starting next month. Job ...

Illinois Seeking Applications for Workers' Comp Arbitrators

Recently passed Illinois House Bill 1698 provides that the governor will appoint all arbitrator positions for the Illinois Workers' ...

Illinois Workers' Comp Commission Welcomes New Administrator

Bob Devereaux has joined the Illinois Workers' Compensation Commission as Fraud Prevention and Efficiency Controller. He comes to the ...
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Southeast

Alabama Governor Tackles Tornado Recovery, Home Insurance Options

Anyone with a suggestion or complaint about Alabama's recovery from the deadly tornadoes in April should know that the buck stops with the ...

Florida, Mississippi, Hawaii Sign Surplus Lines Tax Agreement

Florida, Mississippi and Hawaii have entered into an agreement that will allow them to keep millions of dollars in taxes on surplus lines ...

Tennessee Caps Awards in Malpractice, Civil Damage Cases

Tennessee Gov. Bill Haslam has signed a measure to cap payouts for medical malpractice and other civil cases that he said is good for ...

West Virginia Offers Firefighters Relief on Workers’ Compensation

West Virginia's volunteer fire departments looking to offset anticipated increases in their workers' compensation insurance premiums can ...
South Central

Texas Governor Vetoes Texting While Driving Bill

Texas Gov. Rick Perry vetoed 23 bills on June 17, including legislation that would have outlawed sending or reading text messages while ...

Oklahoma Unemployment Dips to 5.3%

Oklahoma's unemployment rate declined in the month of May. The Oklahoma Employment Security Commission reported that unemployment in ...
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West

Wave of Lawsuits Hits Calif. Retail Stores

Retail store operators may want to sit down for this one -- if they can find a chair. Nearly every national chain is under legal attack in ...

Some evacuees in AZ, NM Return Home From Wildfires

Some residents evacuated because of wildfires in Arizona and New Mexico were allowed to return to their homes as firefighters battled ...

Champion Risk & Insurance Preferred Vendor for Moving & Storage Group

Champion Risk & Insurance Services L.P. of Carlsbad, Calif., has formed a partnership with the American Moving & Storage ...
International

Ships Tossed Ashore by Japan Tsunami Rescued

More than a dozen ships heaved inland by Japan's tsunami in March sit with red bellies and propellers exposed among the demolished houses ...

European Central Bank Head Warns of Widening Global Imbalances

European Central Bank President Jean-Claude Trichet on Sunday raised concerns about widening global imbalances after the financial crisis, ...

Zurich to Acquire Malaysian Assurance Alliance Berhad

Zurich Financial Services Group announced that its subsidiary, Zurich Insurance Company Ltd., has signed an agreement to acquire 100 ...

Best Affirms Ratings of Marine TT Clubs in Bermuda and UK

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of 'A'- (Excellent) and the issuer credit ratings ...

Liberty International Sponsors UK Charity Soccer Match

The Teenage Cancer Trust and the Make a Wish Foundation have benefitted to the tune of £22,500  [$36,461] - £15,000 [$24,305] and ...
Valuation and Coinsurance Training Pack from Academy of Insurance
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New Discussions in the Forums

Non Compete Insurance?
Posted: Mon Jun 20 -- I was contacted by one of my clients who said he is in the process of starting a new company along with a couple of partners. One of the... Playitsafe
Should I accept Allied Appointment?
Posted: Mon Jun 20 -- I have been running a little independent agency for almost 3 years with one appointing carrier. In order to expand this agency, I contacted... antagent
CARE - Car Accident Resolution Experts - New Product
Posted: Sun Jun 19 -- Hi meytai great to see your post im actually the CEO of CARE we brought the product over from the uk just over a year ago hoping that we can... samanthawhite1975
I'm Considering Opening an Independent Insurance Agency
Posted: Sun Jun 19 -- I am in total agreement with D's Insurance Store! After reading all the other opinions I will have to say this is the best! I worked for... sweetie1859
Astonish Results or Squid
Posted: Fri Jun 17 -- When I looked at Squid, their lowest price (with a 36 month commitment ), was $595/mo for their bare bones plan (website, lead management... Rochambeau
National Agents Alliance? Legit or Keep Away?
Posted: Wed Jun 15 -- I've been licensed in Life, Health and Variable in Ohio for 8 months now, all with the same Fortune 500 company, and I've made money in the... BriceNaylor

Reader Comments

How Much Is a Dad Worth?
Posted: Fri Jun 17 -- There is no such thing as a real man who is a stay at home Dad. They are either working or not. There is a real world and the world in which... Jim
Tennessee Jury Awards $200K in Bullying Case
Posted: Mon Jun 13 -- The behavior decribedin this article goes far beyond "bullying." The boys who engaged in this behavior need professional intervention, so... Erzy
Florida Homeowners to Share $55 Million in Chinese Drywall Settlement
Posted: Tue Jun 14 -- Interesting how a US company gets sued, a German company might be getting sued and probably will, but the makers of the drywall, China,... Baxtor
Houston Jury Finds for Insurer in $22M Hail Damage Lawsuit
Posted: Wed Jun 15 -- I'm pleased to see that the plaintiff's had to pay the insurance company's legal bill. This could stop a lot of litigation. Dale DeShazo

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