Jun 23, 2011

Daily Headlines: Thursday, June 23, 2011

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Insurance Journal Daily Headlines
June 23, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Generic Drug Firms Shielded from State Suits: Supreme Court

The Supreme Court ruled Thursday that generic drug companies cannot be sued under state law over allegations that they failed to provide ...

Senate Panel to Hear Flood Insurance Reauthorization Bill

Insurers today will again urged federal lawmakers to reauthorize and reform the nation's flood insurance program, which is slated to ...

Analysts Debate Outlook for Reinsurance Stocks

With reinsurance stocks trading below book value, equity analysts basically agree on the factors affecting these stocks but differ on their ...

Draft Rules Expand Coverage for 9/11 Worker Claims

Proposed rules for those who say they were sickened by exposure to toxins at ground zero would cover claims from a wider area around the ...

RISC, Inc. Launches Event Cancellation Program

RISC, Inc. has expanded its program offering to include an in-house event cancellation product. The program, Event Select, is available ...

From MyNewMarkets.com As More Workers Go Mobile, Workers' Compensation Exposure Grows

Employers who supply their employees with company cell phones, laptops, BlackBerries, iPads and other portable devices could be in for a...
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East

New York City Fixes Contractor Insurance Rule After Agents Sound Alarm

New York insurance agents are welcoming a decision by a New York City government agency that they say will make it easier for contractors ...

Massachusetts Family’s 9/11 Lawsuit Blames Logan Airport Security

The family of a Massachusetts man killed in the Sept. 11, 2001 terrorist attacks says newly released court documents show security problems ...

Lawyers Immune to Ex-NFL Player’s Fraud Suit, Connecticut Court Rules

A state appeals court in Connecticut has ruled that ex-NFL player and investment firm founder Bob Simms can't sue his ex-wife's lawyers for ...

Boating Deaths in New Jersey Rise in 2010

Coast Guard figures show New Jersey bucked a national trend of record low recreational boating deaths in 2010. Eight people died in boating ...

New Chief Judge of Delaware Chancery Court Confirmed

Leo Strine was confirmed Wednesday as the first new chief judge in 14 years on Delaware's Chancery Court, which has overseen some of the ...

Halisky Joins RLA in Mid-Atlantic

RLA Insurance Intermediaries has named Tim Halisky president of RLA Mid-Atlantic. Halisky — who most recently served as vice president ...
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Midwest

Suspect Arrested as Arson Blamed for 9 Fires in Flint, Michigan

Authorities in Flint, Michigan have arrested a suspect in five of what are believed to be nine arson fires that broke out overnight in an ...

Churchill Downs Cleaning Up After Tornado

Churchill Downs Racetrack in Louisville, Ky., said it will resume live horse racing the night of Friday, June 24, after a day off to survey ...

Minot, N.D. Residents Evacuated as River Rises

About 11,000 residents of Minot, N.D., have been ordered by city officials to evacuate, as the Souris River threatens to flood levees. City ...

North Dakota Flood Damage to Public Works: $90M Plus

The commander of North Dakota's National Guard estimated it will cost $90 million or more to repair roads, parks and other public works ...

May Storms Cause Estimated $322M in Damage in Ohio

The Ohio Insurance Institute says storms in late May caused damage estimated at $322 million or more around the state. The industry group ...

3 Ohio Cities Among Those with High Car Theft Rates

Three places in Ohio are among the 100 U.S. cities with the worst car theft problems. A report released Tuesday by the National Insurance ...
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Southeast

Florida Agents’ Leader Grady Cites Progress, Disappointments on Reform

For those in the industry, Florida's recent legislative session was a long march as they tried to navigate through a process that ...

Mississippi Tire Plant to Challenge OSHA Fines

Cooper Tire & Rubber Co. will challenge allegations by the Occupational Safety and Health Administration that the company committed ...

Florida Counties Ban Fireworks Due to Wildfire Risk

Drought conditions and rampant wildfires have forced 29 Florida counties to ban open fires. And for 22 of those counties, the ban covers ...
South Central

Texas Senate Passes Windstorm Bill

The Texas Senate has passed a bill intended to improve the state's coastal windstorm insurance agency, clarifying the claims process and ...

Families of Murdered Insurance Investigators to Get State Compensation

State lawmakers have agreed to give compensation to the families of two unarmed Louisiana insurance fraud investigators who were shot and ...

State Farm Wants 8% Homeowners Rate Increase in Louisiana

State Farm Fire & Casualty Co., Louisiana's largest insurer of homes, is asking state insurance regulators for permission to boost ...

Insurers Offer $65.5M Settlement Louisiana Housing Project Lead Claims Case

Insurance companies are offering $65.5 million to settle claims that lead in New Orleans' housing projects hurt children who lived or ...
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West

Insurance Educators Take Advantage of New Media

As Web sites and social media companies like Facebook and LinkedIn have proven, new media is nothing if not great in building a community. ...

Wyoming Gov Signs Disaster Declaration for Flooding

Wyoming Gov. Matt Mead has signed a disaster declaration for damages around the state caused by the ongoing flooding. The state estimates ...

Idaho Fraud Awareness Coalition Awards Scholarships

The Idaho Fraud Awareness Coalition, organized by the state Department of Insurance, will award scholarship money to three Idaho high ...

Barney & Barney Picks Brennan to Lead Real Estate Practice

San Diego-based Barney & Barney LLC has announced that Principal Bill Brennan will head the firm's Real Estate Practice. The practice ...
International

Rolls-Royce, Qantas Settle A380 Engine Dispute for $100 Million

Rolls-Royce and Qantas have reached a settlement over an Airbus A380 engine explosion last year that forced a jet with 469 people on board ...

Liberty Mutual Appoints Huerta CEO of Liberty Seguros Spain

The Liberty Mutual Group has named Enrique Huerta CEO of Liberty Seguros Compania, de Seguros y Reaseguros, S.A. (Liberty Seguros Spain), ...

Swiss Re Sets Out Revised Leadership Structure

Swiss Re is completing what it described as "adjustments to its leadership structure to reflect the company's new legal entity set-up." ...

Hooper Named CEO of UK’s Cooper Gay & Co.

Cooper Gay Swett & Crawford Ltd (CGSC) announced the appointment of Shaun Hooper as CEO of Cooper Gay & Co Ltd, the Group's Lloyd's ...

Best Upgrades ACE Limited and Subs Issuer Credit Ratings; Affirms FSR’s

A.M. Best Co. has upgraded the issuer credit ratings (ICR) and senior debt ratings to "a" from "a-" for Zurich-based ACE Limited ...
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New Discussions in the Forums

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
Should I accept Allied Appointment?
Posted: Wed Jun 22 -- We looked into Allied. When it got down to signing up....They wanted us to 'roll' a $350,000 book the first year. New business didn't count.... CSP
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
Astonish Results or Squid
Posted: Tue Jun 21 -- I easily concede the point that much of the personal lines shopping has gravitated to the web and the majority of those web quotes involve... d's insurance store
I'm Considering Opening an Independent Insurance Agency
Posted: Tue Jun 21 -- Regarding 'sweetie1859"s posting. SIAA certainly is one of the larger "cluster". The reason I did not join them is the charges they will hit... mygolden
SEO and buying back links
Posted: Tue Jun 21 -- D is correct I would receive a commission if somebody did decide to purchase. Although my intent was not to profit from this forum. Tom... amcpeake

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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