Jun 30, 2011

Daily Headlines: Thursday, June 30, 2011

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Insurance Journal Daily Headlines
June 30, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Supreme Court Declines to Hear Military Medical Liability Case

A congressman said he'll renew efforts to strip military hospitals of their protection against lawsuits over mistakes made in treating ...

Audit Faults U.S. Monitoring of Medical Device Recalls

Congressional auditors have faulted U.S. health regulators for failing to track unsafe medical devices after they are recalled, opening the ...

Towing, Recovery Coverage Now Offered by Five Star Specialty Programs

Five Star Specialty Programs, a division of Crump Insurance Services, Inc., and part of Crump Group, Inc., has launched towing and recovery ...

Survey: Law Firms Face Rising Number of Malpractice Claims

The recent economic recession and prolonged real estate market slump are triggering a rise in the number of malpractice or professional ...

Liberty Mutual Helps 10 Communities Fund Fourth of July Events

Liberty Mutual Insurance has announced 10 winners of its Bring Back the 4th contest, which – from May 4 to June 14, 2011 – encouraged ...

Federal Appeals Court Upholds Individual Health Insurance Mandate

A U.S. appeals court on Wednesday upheld President Barack Obama's landmark healthcare law that requires Americans to buy insurance as ...

Eqecat Set to Release 3 Revised Catastrophe Models

Catastrophe risk modeler Eqecat has scheduled July 15 as the date to release three significant revisions to its Worldcatenterprise 3.16 ...

From MyNewMarkets.com 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...
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East

New Jersey Court OKs Workers’ Compensation in Obesity Death Case

The husband of an obese woman who died of a blood clot after working long hours at her home office is eligible to receive workers' ...

Jury Acquits Foreman in Deadly Ground Zero Bank Fire

An asbestos-cleanup foreman who said he was a scapegoat for inspectors' failures was acquitted of manslaughter and all other charges ...

Mass. Now Estimates Tornado Claims at $175 Million

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

Motorcycle Rider Deaths Rise in Delaware

Delaware highway safety officials are alarmed at the increased number of motorcycle deaths and are urging riders to drive sober and wear ...
Workers Comp Training Pack from Academy of Insurance
Midwest

Michigan Senate Votes to Lift Motorcycle Helmet Rule for Some

A proposal to allow some motorcycle riders to go without a helmet has been approved by the Michigan Senate. The measure approved this week ...

Illinois Governor Signs Workers’ Compensation Reform

Illinois Gov. Pat Quinn said companies should see their workers' compensation premiums drop because of a new law he signed June 28 ...

South Dakota Senator Seeks Clarification on Flood Insurance

South Dakota Sen. John Thune has asked the Federal Emergency Management Agency to clarify how the National Flood Insurance Program applies ...

From Accidental Agent to Insurance Goddess

Like many insurance agents, Carrie Reynolds never meant to be one. But 15 years after she became, in her own words, an "accidental ...
Southeast

Federal Report: Coal Dust, Deception in Fatal West Virginia Mine Blast

The blast that killed 29 men in a West Virginia coal mine last year was probably caused by coal dust ignition, compounded by safety ...

Florida Court Hears Challenge to Governor’s Freeze of Regulations

The Florida Supreme Court heard oral arguments this week in a challenge to Gov. Rick Scott's suspension of state rulemaking. The case heard ...

North Carolina Wildfire Threatens Homes

North Carolina officials said a wildfire in Pender County has grown to nearly 30,000 acres and poses a danger to more than 2,000 homes. On ...

Tennessee House: 2 Fires, Same Night, Different Causes

Tennessee officials said two fires at the same house in Carter County on the same night had different causes. Firefighters went to Carol ...

Lockton Expands Florida Office with Addition of Rivas

Insurance broker Lockton Companies is expanding its business in Florida with the addition of Ed Rivas. Prior to joining Lockton, Rivas ...

Wholesaler S.H. Smith Opens New Florida Office; Appoints Colosimo

S.H. Smith & Co. has announced it is opening its newest satellite office in Florida. The new office is located in Lake Worth and will ...

More West Virginia Counties Join Workers' Compensation Pool

In the wake of a decision by a West Virginia workers' compensation insurer to drop its program for government agencies, more counties are ...
South Central

$400M Impact Seen From East Texas Wildfires

Wildfires that devastated East and Southeast Texas last week not only destroyed homes but also millions of cubic feet of forest timber, ...

Despite Arrests, Robberies Continue in Arkansas City

Little Rock police have arrested a suspect in at least two of the recent robberies that have left convenience store and fast food ...

Man Sues Catholic Diocese in Texas on Abuse Claims

A man who alleges he was sexually molested by a Catholic priest in the 1970s has filed a civil lawsuit against a West Texas diocese and the ...
Academy of Insurance Webinar: Identifying Professional Liability Exposures
West

Union City School Reaches Deal in Harassment Suit

A Union City, Calif., school district has tentatively agreed to pay $725,000 to settle a lawsuit by African American students who said ...

CMR Risk Establishes Quarterly Charity Program

CMR Risk & Insurance Services Inc. of San Diego has instituted a quarterly "give back to the community" donation where employees ...

Utah Underwriters Society Names New Officers

The Chartered Property Casualty Underwriters Society Utah Cchapter has installed its 2011-2012 officers. They are: President Glen Kuball, ...

Freeway Insurance Promotes Trachtman to Chief Administrative Officer

Freeway Insurance, a California provider of non-standard auto insurance and a subsidiary of New York-based Confie Seguros, announced today ...

Law Makes Nevada More Competitive for Captives

Nevada Gov. Brian Sandoval has signed Assembly Bill 74 (AB 74), a move that will strengthen the state's commitment to the captive insurance ...

Appeals Court Sides With BP in Securities Fraud Lawsuit

A U.S. appeals court sided with BP Plc in a securities fraud lawsuit arising from a 2006 Alaska oil spill, but the case isn't over. BP ...

Calif. Court Limits Employer’s Liability in Acts by Employees

The California Supreme Court has confirmed a limitation on an employer's potential tort liability for the acts of its employees, with a ...

Heffernan Launches Insurance Program for Burning Man Event Participants

Heffernan Insurance Brokers has launched a new program called Insurance on the Playa, which offers coverage for participants of the Burning ...
International

Serial Shocks Forcing World to ‘Think Long’

Thrown by a mounting series of extreme events over the past four years, global policymakers and investors are being urged to think long and ...

S&P: Resilience of French Insurance Industry Will Be Tested Further

Standard & Poor's Ratings Services has published a report - "French Insurance Industry Holds Up Under Pressure, But Challenges Still ...

Mitsui Sumitomo at Lloyd's Names Rayner to Head P&C Underwriting

Mitsui Sumitomo at Lloyd's has appointed Graeme Rayner as Head of Underwriting, Property and Casualty, in a move it described as designed ...
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New Discussions in the Forums

CA-Guaranteed Replacement Cost
Posted: Wed Jun 29 -- I am a wholesaler, so not completely in tune with the Homeowner's marketplace, but don't believe anyone does Guaranteed Replacement cost... LadyBroker
Agency Management Systems
Posted: Mon Jun 27 -- I've used AgencyPro for several years and love it. I do both direct and agency bill policies and the accounting works just fine for me. It... Marina
Non Compete Insurance?
Posted: Mon Jun 27 -- Thank you all for your input. From my experience non-competes are inforcable in NJ. After speaking with an underwriter a D&O policy seeems... Playitsafe

Reader Comments

Federal Appeals Court Upholds Individual Health Insurance Mandate
Posted: Wed Jun 29 -- Welcome to Canada or England. I hope Barry, Harry and Nancy are happy with the United Socialist States of America. Some people say Barry O,... Bill
Federal Appeals Court Upholds Individual Health Insurance Mandate
Posted: Wed Jun 29 -- Everyone, Just read the Constitution and honestly make up your own mind as to what the authors of this great document had in mind to the... Sarah
Can U.S. Make Phoning While Driving as Taboo as Drunk Driving?
Posted: Fri Jun 24 -- Texting creates a level of distraction that is much higher than talking while driving. Research has found that just talking on a cell phone... Perplexed
Can U.S. Make Phoning While Driving as Taboo as Drunk Driving?
Posted: Fri Jun 24 -- It should be like California and only allow hands free talking, no texting,etc. DP
Can U.S. Make Phoning While Driving as Taboo as Drunk Driving?
Posted: Fri Jun 24 -- It infuriates me when I'm driving behind or next to people who are texting and driving. It's hard enough to dial a phone number on your cell... Sam

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