Jul 19, 2011

Daily Headlines: Tuesday, July 19, 2011

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Insurance Journal Daily Headlines
July 19, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

President of Allstate Protection Unit Leaves

The Allstate Corp. said on July 18 that the president of its struggling Allstate Protection subsidiary was leaving the company ...

Insurance Keywords Add Big to Google Profits

Insurance is adding big bucks to Google's profitability, according to new research released today. After posting impressive profits for ...

U.S. Building Supply Firm Sues Chinese Drywall Maker

A Florida building supply company is suing a German conglomerate for $100 million over defective Chinese drywall installed in tens of ...

Aon Acquires Benchmarking Firm Ward Financial

Aon Corp. has acquired Westfield Financial Corp. and its subsidiary, the Ward Financial Group, from Ohio Farmers Insurance Co. Aon said ...

What the Waffle House Can Teach About Managing Supply Chain Risk

What can Waffle House teach about disaster preparedness and risk management, especially in the wake of this spring's devastating ...

Ironshore, Equinox to Provide Additional Credit Insurance Capacity

Ironshore Inc. is broadening its relationship with Equinox Global Limited to extend additional underwriting capacity to its trade credit ...

Retail Web Site O.co, Known as Overstock.com, Now Selling Insurance

O.co, better known as online bargain retailer Overstock.com Inc., is now offering auto and home insurance on its Web site. The online ...

S&P Revises Outlook on Nationwide to Stable; Affirms Ratings

Standard & Poor's Ratings Services has revised its outlook on Nationwide Mutual Insurance Co. (NMIC) and its property/casualty (P/C) ...

Ratings Recap: Washington Casualty, Western, One Beacon (notes)

A.M. Best Co. has upgraded the financial strength rating to 'A-' (Excellent) from 'B+' (Good) and issuer credit rating to "a-" from ...

From MyNewMarkets.com 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...
Academy of Insurance Webinar: how to read a professional liability policy
East

Connecticut Court Holds Teen Liable for Party Damage

The Connecticut Supreme Court says a teenager must pay restitution for damage at an unauthorized house party even though he did not ...

New Jersey Approves First Captive Insurer

New Jersey has approved its first captive insurance company under the new law that became effective in May. The Department of Insurance ...

Delaware Governor Vetoes Helmet Law Repeal

Delaware Gov. Jack Markell has vetoed a bill that would have repealed the state's current requirement that people operating a motorcycle ...

Maine Jury Awards Nursing Student $300K

A jury has awarded a Maine student $300,000 in a lawsuit she filed against a nursing school that expelled her after she complained of ...
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Midwest

8.8% Reduction in Voluntary Advisory Rates Filed in Illinois

In response to the recent enactment of the Illinois workers' compensation reform measure, House Bill 1698, workers' compensation ...

Michigan Golf Course Sues DuPont Over Herbicide

DuPont was sued last Friday by a Michigan golf club that alleges its widely used Imprelis herbicide kills trees, reflecting a growing ...

Howalt+McDowell Adds Reinhart as Marketing Manager

Stacey Reinhardt has recently taken the position of marketing manager/sales analyst with Howalt+McDowell Insurance Inc. in Sioux Falls, ...
Southeast

West Virginia Extends Deadline for Insurer Bids on State Business

The deadline for insurers wanting to submit bids to write the workers' compensation coverage for state agencies in West Virginia has been ...

Mississippi Woman’s Accident Expert Paid by Public Funds

A judge has set aside $2,000 in public money for a Jackson woman to hire an expert in her fight against a drunken driving charge. The ...

Turner Named President of Patriot Underwriters in Florida

Richard G. Turner has been named president of Patriot Underwriters Inc. in Fort Lauderdale, Fla. Turner was previously executive vice ...
Academy of Insurance Webinar: Understanding and Explaining Ordinance or Law Coverage
South Central

$62M Louisiana Road Home Settlement: $0 for Lead Plaintiffs

Two lead plaintiffs won't get any money from a recent $62 million settlement to a case alleging discrimination in the Road Home program to ...

Combined Agents of America Named State Auto's Fastest Growing Agency

Austin, Texas-based Combined Agents of America LLC (CAA) has been identified as the fastest growing agency in terms of sales growth and ...
West

Alaska Repeat Drunk Driver Seeks Retrial Due to Ad

A repeat drunken driver who was convicted of consuming at least a dozen drinks and causing a deadly head-on crash is seeking a new trial ...

Hawaii Blowhole Death Raises Liability Questions

The fiancee of the Northern California man who was sucked into a blowhole to his apparent death said there should have been signs warning ...

Moran Named to California Workers’ Compensation Administrator Post

Rosa Moran, 50, of Oakland, has been appointed administrative director of the California Division of Workers' Compensation by Gov. Jerry ...

NIF Group Launches Nursery, Garden Center Program

NIF Group, Inc., a program administrator and specialty brokerage firm, has a new program designed for the nursery and garden center ...
International

Motorsports Boss Mosely Offers to Underwrite Suits Against Murdoch

Former motor racing boss Max Mosley says he has agreed to financially underwrite lawsuits against News International, which owns the now ...

Typhoon Ma-On Nears Japan

According to catastrophe modeling firm AIR Worldwide, Category 2 Typhoon Ma-On (local name Ineng) is currently about 885 kilometers (550 ...

Pirates Release Greek Tanker; All Crew Safe Says Manager

Pirates released a Greek-owned, Liberia-flagged tanker they had seized on Saturday 12.5 miles [20 kms] off the coast of Benin, and all the ...

Stress Test Puts Banks’ Euro Zone Debt in Spotlight

Pressure on Europe's banks to raise more capital increased on Monday after last week's stress tests revealed their holdings of European ...

Best Affirms SOVAG’s Ratings; Outlook Stable

A.M. Best Co. has affirmed the financial strength rating of 'B++' (Good) and the issuer credit rating of "bbb" of Germany's SCHWARZMEER ...

Ratings Recap: Kuwait Re, Optimum, Montana Re (cat bonds)

A.M. Best Europe – Rating Services Limited has revised the outlook to negative from stable and affirmed the financial strength rating of ...
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Insurance Journal Blogs

Banner Ads Are Good for Branding (Even When They Don’t Get Clicks)

Every marketer is aware of branding as a concept and a key component in marketing. It was taught to us in college and was proven beyond a ...

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New Discussions in the Forums

National Agents Alliance? Legit or Keep Away?
Posted: Tue Jul 19 -- Over the past two years National Agents Alliance has made a conservative effort to improve its operations and levels of customer... larryking22
Motorcycle Rental Coverage
Posted: Mon Jul 18 -- Your friend needs to find another Motorcycle rental operator. Coverage is out there. jz20
Chicago IL area insurance agencies who sell TRAVEL Insurance
Posted: Fri Jul 15 -- Don't major brokerages sell this thru their Private Client or High Net Worth divisions as well? Doesn't Chubb and Aon sell Travel Insurance... bf1chicago
Condo Associations
Posted: Thu Jul 14 -- In CA its Farmers with the coverages, the capacity and the price for HOAs. They fold in virtually everything and can provide ultrahigh... doyourhomework

Reader Comments

Agents Question GM Free Car Insurance Deal With MetLife Auto
Posted: Tue Jul 12 -- Question to so called Realist, How do insurance regulators of two states become Obama's problem. Do you know the difference between State... Raider Fan
Michigan Woman Sues Man After Facebook Romance Fails
Posted: Thu Jul 14 -- Another frivolous lawsuit that needs to be thrown out. Sometimes relationships fail, that's life, move on. Amazing that a lawyer took this... TxLady
L.A. Escapes 'Carmageddon' as Drivers Stay Home
Posted: Mon Jul 18 -- The reality is that many employees could stay home every day. Mobile computing and today's IT environments make it easy for many working... Aaron Boigon
Florida Student Given Alcohol by Teacher Sues School Board
Posted: Tue Jul 12 -- Good notice Compman. In a related story, Meredith Witt will be suing the parents of Dylan Ferguson for allowing Dylan to accept the alcohol,... Foster Brookes

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