Jul 25, 2011

Daily Headlines: Monday, July 25, 2011

Insurance Journal Daily Headlines
July 25, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Final U.S. Report on BP Gulf Oil Disaster Delayed

A U.S. team probing the causes of last year's massive BP oil spill has delayed the release of its final report in order to more fully weigh ...

BP Gulf Oil Spill Claims Fund to Be Audited

An independent audit will be performed on the $20 billion fund set up to compensate victims of last year's BP oil spill in the Gulf of ...

From MyNewMarkets.com Insurance Noodle 2.0 Promises Real-Time Turnaround and Quotes

Web-based insurance connection hub Insurance Noodle has come a long way since 2000 when it first went live. Since then, the online broker...
East

5 Sentenced in Va. for $100M Fraud Scheme

Five men who pleaded guilty in a $100 million fraud scheme that claimed about 800 victims nationwide were sentenced Friday to federal ...

N.Y. Companies Hit with Charge for Fed Jobless Loans

New York businesses are being told they have to help pick up the tab for interest the state owes on federal unemployment insurance loans. ...

Measure Spares N.J. Businesses from Steep Tax Jump

Gov. Chris Christie has signed legislation that calls for the phasing in of a sharp increase in the state's unemployment tax rate. ...
Midwest

Iowa Insurers Get More Time on New Health Law Medical Care Requirements

Iowa insurance companies have been given more time to comply with a new federal rule designed to curb insurers' profits. The regulation ...

Disaster Money for Flood Victims in North Dakota Tops $50 Million

Officials say federal and state disaster assistance for victims of North Dakota flooding has gone over the $50 million mark. The money ...

Michigan Court Dismisses Suit Over Tree Branch Death

The Michigan appeals court won't hold a couple responsible for a tree branch that fell and killed a 45-year-old Kalamazoo man during high ...
Sponsored by: Automotive Risk Management & Insurance Services, Inc. Auto Dealers. Franchised or independent. Competitive Markets. Get an app today. Click here for more information.
Southeast

Judge Blasts West Virginia Medical Damages Cap

A West Virginia judge who helped West Virginia's Supreme Court hear a recent medical malpractice case is blasting the outcome. First ...

West Virginia Court Weighs Pollution Liability of Massey Subsidiary

Three judges hearing a coal slurry pollution lawsuit against Massey Energy are considering whether the parent corporation should be held ...

Mississippi Says It’s Owed Tobacco Settlement Money

A Jackson County judge is scheduled to hear a claim that R.J. Reynolds Tobacco Co. has underpaid the state of Mississippi at least $1 ...
South Central

Oklahoma Governor Touts Tort, Work Comp Reforms to Chicago Businesses

Oklahoma Gov. Mary Fallin said she is pitching her state's business climate and work force in an attempt to lure some Illinois-based ...

Oklahoma Resident’s Protests Prompt Flood Map Change

Residents of Lake McAlester in Oklahoma are no longer in a Federal Emergency Management Area flood zone after an uncommon re-mapping of the ...

San Antonio’s Jefferson Bank and Sanger & Altgelt Insurance Agency Merging

San Antonio's third-largest locally owned banking institution and 111-year-old insurance and risk management agency Sanger & Altgelt have ...
West

Wyoming Flooding Designated Major Disaster

President Barack Obama has declared a major disaster in Wyoming because of spring and summer flooding, opening the way for the federal ...

GEICO Reduces Auto Rates in California

California's insurance commissioner today announced that a rate reduction of 10.7 percent has been approved for GEICO's California auto ...
International

ING Sale of Latin American Insurance Unit Sets Stage for Others

Dutch bancassurer ING is to sell most of its Latin American operation to Colombia's GrupoSura for 2.6 billion euros ($3.7 bln) in a deal ...

Europe’s Banks, Insurers Take Greek Debt Hit in Stride

Major European banks have limited their losses on Greek bonds to just over €5 billion [$7.2 billion] after negotiating a 21 percent ...

Huge Bomb Blast Hits Oslo; Terrorists Suspected

A powerful explosion caused extensive damage to government buildings in the Norwegian capital Oslo. At least two people have reportedly ...

UK Minister Compares Inaction on Climate Change to Hitler Appeasement

World leaders who oppose a global agreement to tackle climate change are making a similar mistake to the one made by politicians who tried ...

Fake Apple Store Cuts to Core of China’s Risk to Brands

A fake Apple store in China, made famous by a blog that said even the staff working there didn't realize it was a bogus outlet, is probably ...

Study Confirms Growth of Extended Warranties on Mobile, Non-Mobile Products in Europe

According to new research issued by financial services market research consultancy Finaccord, the market for extended warranties and ...

Aon UK Set UK ‘Green’ Standard with CEMARS Accreditation

London-based Aon, the risk management business of Aon Corp. in the UK, announced that it has "demonstrated its commitment to reducing its ...

UK Broker BMS Continues Overall Growth

Specialist insurance broker BMS Group announced that its results for the year ended December 31, 2010, show a "strengthening of financial ...

Willis Australasia Appoints Pickering as Chairman; Lindhout CEO

Willis Group Holdings announced that, effective immediately, Scott Pickering, President of Willis' Asia Pacific, Middle East and Africa ...

Best Affirms MAPFRE RE ‘A+’ Ratings; Outlook Remains Negative

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

Join the Insurance Journal Network

Twitter Facebook LinkedIn


Insurance Journal TV

Video thumbnail

100 Agents in 100 Days

Accident Insurance Co., a growing workers' compensation and small business insurer, is...
Video thumbnail

Growing Opportunities for Insurance Industry's Women

Although men still outnumber women in the property/casualty insurance industry, there are many...

TV icon Watch more videos at InsuranceJournal.tv

New Discussions in the Forums

New to the business and selling through a wholesaler?
Posted: Mon Jul 25 -- The overwhelming majority of established people here would say to find yourself an agency that wants an agressive producer and learn the biz... d's insurance store
National Agents Alliance? Legit or Keep Away?
Posted: Fri Jul 22 -- Let's see how many charge backs you get. Real data takes a year or more...don't you think? "SlushPuppyKing, What...
Selling An Agency
Posted: Thu Jul 21 -- Agency valuation can be tricky. One resource would be to contact lenders that specilize in lending for agency purchases. Since they are the... itzawlgud
CA-Guaranteed Replacement Cost
Posted: Thu Jul 21 -- GRC was the policy language used when I started my career in 1989 but was phased out soon thereafter and the language restricting the GRC to... itzawlgud

Reader Comments

Hawaii Blowhole Death Raises Liability Questions
Posted: Tue Jul 19 -- She should sue the ocean, I mean it is really what is to blame here. Has a total disregard for human life. Geez, how could one have known... Jen
Connecticut Teen Injured in Gym Class Sues Town
Posted: Thu Jul 21 -- Maybe she should just wear a helmet everywhere she goes, shopping, grocery store, movies etc. It's a rough world out there, you should be... secretagentman

Current Issue

Current Issue
Excess, Surplus & Specialty Markets Directory Vol. II - The Industry's Leading Coverage Placement Directory

More Newsletters

Choose Newsletters
Enter Your E-mail

How to Advertise

For information about advertising on this newsletter and Insurance Journal magazines, contact Julie Tinney at (800) 897-9965 x148.
View our Media Kit for advertising options in our magazines and online properties.
Insurance Journal
3570 Camino del Rio North, Suite 200
San Diego, CA 92108
(800) 897-9965
Copyright © 2011 by Wells Publishing, Inc.

No comments:

Post a Comment