Jul 26, 2011

Daily Headlines: Tuesday, July 26, 2011

Sponsored by: Philadelphia Insurance Companies. Management & Professional Liability, 24-hr Turnaround - Next Day Policy Delivery, You're Covered. Click here for more information.
Insurance Journal Daily Headlines
July 26, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Allstate Agents Hope Unionization Sparks Changes at Insurer

Some unhappy Allstate Insurance agents who say the insurer controls them like employees even though they are independent contractors are ...

Bresnahan Named President of Lexington Insurance

David J. Bresnahan has been named president of Lexington Insurance Co., the surplus lines unit of Chartis Insurance. He is succeeding Peter ...

Best Gauges Potential Impact of U.S. Debt Ceiling Impasse on Insurers

"With the credit quality of the U.S. imperiled by the current impasse over raising the debt ceiling, insurance companies are facing ...

From MyNewMarkets.com Ready or Not, New Surplus Lines Law Is Here

The implementation deadline for the Nonadmitted and Reinsurance Reform Act has arrived. States have been scrambling over the past year to...
Sponsored by: Burns & Wilcox. When it comes to professional liability coverage, we see things others miss. Make sure no detail is overlooked. Click here for more information.
Midwest

Ohio’s Losses From 2011 Storms Top $500M

A handful of major storms that damaged parts of Ohio this year have caused more than a half-billion dollars in insured losses, and that ...

Kansas Insurance Dept. Seeks African-American Scholarship Applicants

Kansas Insurance Commissioner Sandy Praeger is seeking applicants for five $1,000 scholarships to be awarded to African-American students ...

Fremont Michigan Shareholders Approve Auto Club Merger

Shareholders of Fremont Michigan InsuraCorp Inc. have approved the previously announced merger agreement with Auto Club Insurance ...
Sponsored by: Encompass, Great American Insurance Group and Tapco Underwriters. Insurance Journal now available on the iPhone and Android - Download it free today! Click here for more information.
Southeast

One Year Later, Hard Times for Kentucky Flood Victims

Along a newly paved road at Harless Creek in Kentucky's Pike County, dozens of new vehicles and a handful of new modular homes point to ...
South Central

Settlement Reached in Post-Katrina Patient Deaths

A New Orleans judge has approved a $25 million settlement in a class-action lawsuit filed over the deaths of patients at a New Orleans ...
West

California WC Appeals Board Takes Back Physician Ruling

  Just a few months after the California Workers' Compensation Appeals Board ruled that a non-approved physician's report cannot ...

Federal Court Says Nevada Cannot Block Risk Retention Groups

The National Risk Retention Association announced yesterday that it commends last week's decision by the U.S. District Court to permit a ...

California Updates Pure Premium Rates Filing Process

California Insurance Commissioner Dave Jones today announced that the Workers' Compensation Insurance Rating Bureau (WCIRB) has proceeded ...
International

Japan Committee Clears Nuclear Compensation Bill

A lower house committee of Japan's parliament on Tuesday passed a bill to help Tokyo Electric Power pay billions of dollars in compensation ...

China Launches Safety Campaign After Deadly Train Crash

China's rail minister, facing public outrage over Saturday's deadly train crash, has ordered a two-month safety review of railway ...

More U.S. Lawsuits Target Chinese Reverse Mergers

Accounting debacles at U.S.-listed Chinese companies have prompted a surge of securities fraud lawsuits, but investors might have trouble ...

Validus Goes Hostile on $3.2 Billion Bid for Transatlantic

Bermuda-based reinsurer Validus Holdings took its $3.2 billion offer to buy Transatlantic Holdings, Inc. directly to shareholders on ...

Willis Report Notes Stable Market for Airlines, but Questions Sustainability

Willis' monthly airline insurance insight report indicates that "the insurance market has remained remarkably stable for airlines, with no ...

Steamship Mutual to Launch ‘Piracy Menace’ Loss Prevention DVD

London-based Steamship Mutual, a leading P&I Club, announced the imminent launch of its latest Loss Prevention DVD entitled "PIRACY ...

AIR Expands Atlantic Basin Tropical Cyclone Models to Central America

Catastrophe risk modeling firm AIR Worldwide announced the release of its Central America tropical cyclone model. "The new model covers ...

Liberty International Appoints Environmental Liability Underwriter for France

Liberty International Underwriters in Europe (LIU Europe), a member of Liberty Mutual Group, has appointed Audrey Mondin as Environmental ...

Best Names Holzberger as Managing Director – Analytics for EMEA

A.M. Best Co. announced that Stefan Holzberger has joined A.M. Best Europe - Rating Services Limited as managing director, analytics. He ...

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

Oil drilling Insurance Texas
Posted: Mon Jul 25 -- Oil Drilling in TX. While it's not all encompassing and work comp is not mandatory in TX, the below might be a good indication of where to... kmccarth11
New to the business and selling through a wholesaler?
Posted: Mon Jul 25 -- Great feedback. Thanks for replying. I am interested to hear if anyone else has a differing or even the same opinion. Also, what are the... John J90
CA-Guaranteed Replacement Cost
Posted: Mon Jul 25 -- Just want to point out that for ERC to apply, many carrier stipulate the insured must notify the carrier if the replacment cost or SQFT of... wariline
Selling An Agency
Posted: Mon Jul 25 -- If your independant, contact your market rep. They should be able to sniff out a buyer quickly. FFA
Identity Theft coverage
Posted: Mon Jul 25 -- You can also check with AIG & Chubb. They have some really good coverage for this exposure saabins
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... colonpain

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