Jun 14, 2011

Daily Headlines: Tuesday, June 14, 2011

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Insurance Journal Daily Headlines
June 14, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Draft Data Breach Bill Requires Quick Disclosure

Draft legislation is being circulated in Congress that would require firms to make reasonable efforts to secure customers' personal data ...

A Look at Year-End 2010 Loss and Loss Adjustment Expense Reserve Adequacy

Loss and loss adjustment expense reserve development has traditionally been the focus of actuaries, auditors and financial analysts. ...

Best Affirms Hanover Insurance Group and Subs Ratings

A.M. Best Co. has affirmed the financial strength rating of 'A' (Excellent) and issuer credit ratings (ICR) of "a" of The Hanover ...

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, ...

Starr Aviation to Offer Personal Non-Owned Coverage

Starr Aviation Agency, Inc. (Starr Aviation), a member of Starr Cos., has launched a personal non-owned offering for both renter pilots and ...

Markel Introduces Medical Umbrella Product

Markel Corp. has launched a new umbrella product for Allied Healthcare accounts. This product will serve as a lead umbrella policy over ...

Fireman’s Fund Offers 10% Discount to Homeowners With Estate Managers

Novato, Calif.-based Fireman's Fund Insurance Co. announced it is offering a 10 percent discount to homeowners with formerly trained ...

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

Fatal Virginia Bus Crash Shines Light on Driver Fatigue

Recent deadly crashes involving large interstate buses like the one involved in a fatal crash in Virginia two weeks ago have heightened ...

Pennsylvania Hospital Sued over Exhumation

A woman is suing a northwestern Pennsylvania hospital, saying she was subjected to emotional distress because the facility didn't order an ...

United Frontier Now an MSO Member

United Frontier Mutual Insurance Co. is now a member of Mutual Service Office Inc. (MSO), a New Jersey-based rating service bureau. United ...
Midwest

Report: More Illinois Prison Workers’ Comp Cases Pile Up

New workers' compensation claims have continued to pile up this year at Menard Correctional Center in Illinois despite ongoing probes by ...

Cincinnati Financial Expects Up to $290M in Storm Losses for Q2 2011

Cincinnati Financial Corp. reported that The Cincinnati Insurance Companies' property casualty group expects its second quarter 2011 ...
Southeast

Kentucky County Halts Program for Uninsured Drivers

Judges in Kentucky's Jefferson County have stopped a program giving drivers without insurance a way to avoid a hefty fine because court ...

Arthur J. Gallagher Buys Florida’s Bushong Agency

Illinois-based global insurance broker Arthur J. Gallagher & Co. has acquired Bushong Insurance Associates Inc. in Ponte Vedra Beach, ...
South Central

Texas Agents to Lend Helping Hand to Houston's KIPP PEACE Campus

The Independent Insurance Agents of Texas (IIAT) and its Trusted Choice agencies, insurance representatives and other insurance ...

Central Oklahoma Chapter of CPCU Society Installs New Officers

The Central Oklahoma Chapter of the Chartered Property Casualty Underwriters (CPCU) Society recently installed new officers for 2011-2012. ...
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West

Ex-Utah Football Star Sues Medical Tech Company

A former University of Utah football star has sued a medical technology company, saying a postsurgical device implanted into his shoulder ...

Four Californians Indicted in $17 Million Workers’ Comp Scheme

The Orange County, Calif., District Attorney's Office (OCDA) and California Department of Insurance (CDI) announced the indictment of a ...

Record Wildfire Season Affecting Arizona, Rest of U.S.

As Arizona continues to battle several wildfires, every state in the country now has the potential for a wildfire, according to the ...

Aon Risk Solutions Construction Services Group Names White CEO

Aon Corp., a global provider of risk management and human resource consulting and outsourcing, announced that Kevin White, president and ...
International

Latest New Zealand Quake Causes Up to $5 Billion in Damages: Eqecat

Monday's earthquake in Christchurch, New Zealand, likely caused an additional $3 billion to $5 billion in insured losses on top of the ...

Quakes Again Rock New Zealand’s Christchurch

Strong aftershocks rattled New Zealand's quake-devastated city of Christchurch again Monday, toppling one of the few buildings still ...

Vietnam Insurance Market Readies for Foreign Insurers, New Regulations

The Vietnamese insurance industry is expected to experience significant change within the coming years as it continues to open up to ...

China Approves Capital Increase for Liberty Mutual China Subsidiary

Liberty Insurance Company Limited (LICL) has been granted approval by the China Insurance Regulatory Commission (CIRC) to increase its ...

More Workers May Exceed Japan’s Radiation Limit

Six more workers at Japan's tsunami-damaged nuclear power plant may have exceeded the radiation exposure limit, bringing the total to ...

AEGIS London Approves $1 Million in Premium Credits for Members

AEGIS London, the UK- based subsidiary of mutual insurer AEGIS (Associated Electric & Gas Insurance Services Limited) has announced the ...

Best Sees No Ratings Change from Allied World, Transatlantic Merger

A.M. Best Co. has commented that the ratings of the subsidiaries of Swiss-based Allied World Assurance Company Holdings, AG and New ...

ARAG Appoints Layton for Business Development in Southeast UK

Legal expense insurer ARAG announced the appointment of Jon Layton to "fill the role of Business Development Executive in the South East ...

HSB Engineering Names Tingus to Head HR

Specialist engineering and construction insurer HSB Engineering Insurance Limited has appointed Peter Tingus as head of HR. He joins the ...

Ascot Appoints Karns to Houston Underwriting Unit

Lloyd's Ascot Underwriting Ltd announced the appointment of John Karns as an Underwriter for Ascot Underwriting Inc. in Houston. He is a ...
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New Discussions in the Forums

Virginia Property and Casualty HELP!!!!!!
Posted: Mon Jun 13 -- Is there a one day "crash course" you can take and then take the test the next day? That's what I did when I first obtained my license. That... Adame526
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 -- Speaking as a diabetic, this case makes me ill. A sugar packet contains about 2-4 grams of carbohydrate. Say they put in 2 packets of sugar... Mad
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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