Jun 21, 2011

Daily Headlines: Tuesday, June 21, 2011

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Insurance Journal Daily Headlines
June 21, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Even Low Blood Alcohol Level ‘Buzz’ Unsafe for Driving: Study

In the United States, the blood-alcohol limit may be 0.08 percent, but no amount of alcohol seems to be safe for driving, according to a ...

U.S. Sees Room for Improvement in Nuclear Plant Safety

U.S. regulators see room to improve safety at the country's nuclear power plants even though tests after the Fukushima disaster have shown ...

BP Reaches Deal with Weatherford Over Gulf Oil Spill Costs

BP has reached agreement with Weatherford U.S., L.P. to settle potential claims between the companies related to the Deepwater Horizon ...

Group Supports Research into Brain Injuries Among Athletes

Board members of the organization that sets voluntary safety standards for athletic equipment have approved $1.1 million in grants to ...

Mobile Food Vendor Market Explodes as Insurance Market Evolves

In just about every metropolitan area nationwide hungry customers can appease their appetites by visiting the neighborhood taco truck. The ...

4 Things Agents Should Do to Avoid E&O Claims

After handling insurance coverage claims for years, a distinct pattern has emerged: sometimes the insurance agent gets "caught in the ...

Chubb Unveils Package Insurance Policy for Apartment, Co-op, Condo Risks

A new commercial multi-peril package policy from the Chubb Group of Insurance Cos. will provide apartment building owners and co-op and ...

Medicus Insurance Lowers Rates in 6 States

Austin, Texas-based medical professional liability insurance carriers Medicus Insurance Co., has lowered its base rates for physicians and ...

Navigators Launches Life Sciences Products

Navigators Management Co., Inc. has introduced a new global life sciences suite of products, Navigators LS Elite, a set of property & ...

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 Mets: We Didn’t Shop for Madoff Ponzi Insurance

Owners of the New York Mets pro baseball team rejected allegations in a $1 billion lawsuit that they once shopped for fraud insurance to ...

New Jersey Man Charged with Trying to Sink His Own Boat

A New Jersey fishing boat owner is charged in a botched attempt to sink his vessel to collect insurance money. A federal indictment ...

Ambrose Promoted at Russell Bond

Anthony A. Ambrose has been promoted to vice president and senior broker at New York-based wholesale broker Russell Bond. Ambrose joined ...

Aspen Names O’Hara as Marine Claims Exec

Aspen U.S. Insurance has appointed  Jonathan O'Hara senior vice president of marine claims. He has over 20 years of marine insurance ...
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Midwest

Michigan Supreme Court Eyes Broken Ankle, Truck Door Insurance Case

The Michigan Supreme Court wants to know more about a Macomb County case in which a woman successfully sued her insurance company after ...

Fargo Storm Could Top $5.8 Million in Losses

North Dakota Insurance Commissioner Adam Hamm reported that the Memorial Day wind storm in the Fargo area so far has caused more than $4.2 ...

Minnesota Workers’ Comp Claims Decrease

Minnesota workers' compensation claims have fallen  44 percent relative to the number of employees from 1997 to 2009, according to the ...

A.M. Best Downgrades Springfield Fire & Casualty Ratings

A.M. Best Co. has downgraded the financial strength rating to A- (Excellent) from A (Excellent) and issuer credit rating to "a-" from ...

Michigan’s Hastings Mutual Insurance Continues Partnership with Olivet College

Michigan-based Hastings Mutual Insurance Co. committed $100,000 over four years towards an endowed scholarship fund for Olivet College ...

Progressive Names JP Morgan’s Miller as Director

Insurance company Progressive Corp. said that it named JPMorgan Chase & Co. executive Heidi Miller as a board member and authorized a ...

Combined Insurance's Worksite Solutions Names Martin President

Glenview, Ill.-based Combined Insurance added Chris Martin as president of the company's Worksite Solutions division, a full-service ...

Ohio Man Guilty of Fraud, Illegally Collected $30,000 in Workers' Comp

Frank Fogle, a Barnesville, Ohio, (Belmont County) truck driver, has been sentenced for fraud after he concealed his employment in order to ...
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Southeast

Effects of Tennessee Law Restricting Anti-Discrimination Rules Debated

A lawsuit filed in Nashville challenging a new state law says the legislation voids school board policies that protect gay and lesbian ...

Mississippi River Flood Recovery Slow and Sad for Many

James Winters walked slowly through the sweltering remains of his waterlogged home, then wiped the sweat from his brow and pointed to a ...

Mississippi Case Shines Light on Relationships Between Judges, Lawyers

The corruption case involving Paul Minor and two former Harrison County jurists has changed forever the relationships between Mississippi ...
South Central

Wildfires Burn 3 Dozen Homes Across Texas

Firefighters in Texas are attempting to contain more wildfires after several blazes broke out across the state and destroyed more than ...

Konstantinidis Picked to Lead Swett & Crawford's New Houston Office

Swett & Crawford has opened an office in Houston, Texas, headed by Senior Vice President and Property Specialist John Konstantinidis. ...

Many Changes Expected in New Louisiana Flood Map

A new flood map for Louisiana's Lafayette Parish is expected to offer a mixed bag, shrinking flood zones in some areas while making large ...

A.M. Best Downgrades Ratings of Dallas National Insurance

A.M. Best Co. has downgraded the financial strength rating to B (Fair) from B++ (Good) and issuer credit rating to "bb" from "bbb" ...
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West

Calif., Wash. Lead Nation in Car Thefts

While car thefts nationwide have declined, the western states have the uneviable distinction of having the most car thefts in the nation. ...

Washington Man Charge With Auto Insurance Fraud

A Tacoma, Wash., man faces multiple charges after allegedly filing forged documents in an auto theft claim, the state Office of the ...

NAS Insurance Promotes Ruiz to Underwriter

Encino, Calif.-based NAS Insurance Services has promoted Jose Ruiz to underwriter. Ruiz started at NAS four years ago as an underwriting ...

C.M. Meiers’s Rothman Recieves Community Service Award

Insurance Brokers and Agents of the West (IBA West) has presented the Anthony J. DiBuduo Award to Eric Rothman of C.M. Meiers Co. of ...
International

Hurricane Beatriz Hits Mexico’s Pacific Coast

Hurricane Beatriz bore down on Mexico's Pacific coast Tuesday, putting tourist areas and major ports on alert for heavy rainfall and flash ...

Hackers Bring Down British Police Web Site

Hackers temporarily knocked offline a Website run by the British police Serious Organized Crime Agency (SOCA), which targets organized ...
Insurance Journal Blogs

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Once upon a time there was a business professional. Each morning after their cup of advertised coffee, they get dressed in an advertised ...

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New Discussions in the Forums

Astonish Results or Squid
Posted: Tue Jun 21 -- I think I should clarify that Astonish, once you are in, you can never cancel the contract. You have to take the five years, and even if you... MarketMaker
SEO and buying back links
Posted: Tue Jun 21 -- Not naive Jack...just perhaps a bit behind the 'codes'...if you look at the link, the last set of numbers starting with 'af' indicates that... d's insurance store
National Agents Alliance? Legit or Keep Away?
Posted: Tue Jun 21 -- You work for a fortune 500 company and you are making money? Why go to NAA when it is a bit questionable based on comments from various... slushpuppyking
Should I accept Allied Appointment?
Posted: Tue Jun 21 -- Ant, The others make very good points, but I think you made a very good point as well. I don't think it's in your best interest to tick off... InsureK
Non Compete Insurance?
Posted: Mon Jun 20 -- Most of the time the only enforceable portion of a "non-compete" is the caveat protecting the former employer's "book of business"; that is,... jackwehoca
How should I compensate my producers?
Posted: Mon Jun 20 -- Sounds like the replies to your question didn't come from agency owners. If you pay a salary, (I call that a... RKunz2
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

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
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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