Aug 15, 2011

Daily Headlines: Monday, August 15, 2011

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Insurance Journal Daily Headlines
August 15, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

U.S. Court Rules Against Obama Healthcare Mandate

President Barack Obama's signature healthcare law suffered a setback Friday when a U.S. appeals court ruled that it was unconstitutional to ...

Banks Seek Liability Shield for Future Home Mortgages

U.S. banks still wrestling with legal troubles springing from the subprime mortgage crisis are lobbying the new consumer agency for strong ...

Investors’ Suits Against News Corp. Directors Face Long Odds

News Corp. shareholders angry over the hacking scandal engulfing Rupert Murdoch's media conglomerate face an uphill fight trying to hold ...

3 Settle Injury Lawsuits Over Martha Stewart Chair

Three people whose fingers were snipped off or injured by Martha Stewart patio chairs have won settlements against her company and Kmart, ...

Nationwide Mutual’s Profit Down on $1.5 Billion Disaster Losses

Insurance company Nationwide Mutual said profits in the first half of the year fell by more than half after paying claims, like the rest of ...

Transatlantic Opens Buyout Talks with Berkshire’s National Indemnity

Transatlantic Holdings opened talks with a unit of Warren Buffett's Berkshire Hathaway on Friday over a $3.2 billion takeover offer, adding ...

Unitrin Changes Name to Kemper

A legendary insurance company name is back in the headlines after a nearly 10 year hiatus. Unitrin Inc. has taken the Kemper name, and ...

Nominate the Best Agency to Work For Today

Do you think your independent insurance agency is a GREAT place to work? If so, don't miss this opportunity to recognize your agency as one ...

Argo Launches GL Risk Management Program for Grocers Insurance Customers

The U.S. grocery and retail specialty division of Argo Insurance, a member of Argo Group International Holdings, Ltd. has launched a large ...

Western Heritage, NBIS, Totem to Offer Manufactured Housing Program

Western Heritage Insurance Co. has introduced a new program for manufactured housing communities. This new program will be underwritten and ...

From MyNewMarkets.com Safe Driving Habits Pay Off for Consumers with Usage-Based Insurance Programs

The driving habits of personal auto consumers are shaping the way carriers price coverage today. Those carriers providing usage-based...
NEXT WEEK: Academy of Insurance Webinar: Do You Know EPLI?
East

Settlement Reached in 2006 Ink Plant Explosion in Massachusetts

Federal officials said they have reached agreement with the owners and a former operator of an inks and paint products manufacturing ...

Overturned Greyhound in Pennsylvania Latest Northeast Bus Crash

A St. Louis-bound Greyhound bus that overturned on the Pennsylvania Turnpike, sending 14 people to the hospital, was the latest in a series ...

Pennsylvania Mining Firm Fined $900K Over Deadly Explosion

An administrative judge has ordered a small Pennsylvania mining company to pay $900,000 in fines related to the 2006 explosion that killed ...
NEXT WEEK: Academy of Insurance Webinar: Using Feedback to Motivate Performance
Midwest

Michigan Man Loses Bid to Have Insurer Pay for Stem Cell Surgery

A motorcycle wreck turned a Lenawee County man into a paraplegic. Desperate for any relief, he chose stem-cell surgery in Europe, a ...

Indiana Fair to Reopen After Fatal Stage Collapse

The Indiana State Fair canceled its Sunday activities after a deadly stage collapse. At least four people died and dozens were injured ...

Pipeline Leaks into Missouri River in Iowa

A leak in a natural gas liquids pipeline operated by Enterprise Products Partners spilled fuel into the Missouri River in Iowa, the company ...

Official Urges Filing of Flood Insurance Claims

A federal disaster official says South Dakota homeowners and business owners who have flood insurance and have suffered flood damage should ...

Missouri to Audit State-Created Workers’ Compensation Insurer

A state-created company intended to help small businesses get workers' compensation insurance has agreed to a review by the Missouri ...
Southeast

3 Insurers Bid for West Virginia’s Workers’ Compensation Business

Three companies are vying to provide workers' compensation coverage for state agencies. Acting Insurance Commissioner Michael Riley said ...

Buechler Joins Florida’s Normandy Harbor Workers’ Compensation Team

Jayson Buechler has joined Normandy Harbor Insurance Co., a workers' compensation insurance carrier based in Miami Beach, Fla., as vice ...
South Central

La. First-Time Unemployment Claims Increase

First-time claims for unemployment insurance in Louisiana for the week ending Aug. 6 increased from the previous week's total. The state ...

40 Homes Destroyed in Deadly Okla. Wildfire

Residents in Pawnee County, Okla. have started to sift through the ashes following a wildfire that destroyed nearly 40 homes and may have ...
West

California Initiative Will Ask Voters to Expand Persistency Discounts

The California Attorney General's office last week released a title and a summary of a proposed ballot initiative that would allow ...

California Supreme Court Rules on Workers’ Comp Payment Increases

The California Supreme Court has ruled that cost of living adjustments in total permanent disability cases are to be calculated starting ...
Sponsored by: State Fund. We protect the people who make California work. Insuring California Businesses for more than 95 years. That's stability you can count on. Together, we'll keep California working. Click here for more information.
International

Tropical Storm Gert Strengthens, Will Brush Bermuda

Tropical Storm Gert strengthened slowly Sunday on a track toward Bermuda and forecasters said the global reinsurance hub could expect ...

Shell North Sea Pipeline Leak – ‘Substantial’

Royal Dutch Shell's ruptured pipeline in the North Sea has already caused a "substantial" oil spill, with oil still leaking into the sea on ...

Tokio Marine to Acquire All of Hawaii’s First Insurance for $165 Million

Tokio Marine Holdings, Inc. is to become the sole shareholder of the largest Hawaii-based property and casualty insurance carrier. The ...

EQECAT Models $260 Mn Windstorm Risk Cat Bond for French Nat’l Power Co.

Oakland-based catastrophe modeling firm EQECAT has provided risk modeling services to Electricité Réseau Distribution France S.A. (ERDF) ...

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Insurance Journal TV

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How New NRRA Regulations and California's AB315 Will Change the Surplus Lines Industry

Jerry Sullivan, the head of the Sullivan Group, gives his views, largely positive, on how the...
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100 Agents in 100 Days

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

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New Discussions in the Forums

National Agents Alliance? Legit or Keep Away?
Posted: Sat Aug 13 -- Hi, I am in the pre-licensing process and my mentor is involved with NAA. I've been kind of timid about it, especially since they are... dkthebk3000
Farmers vs. Independent
Posted: Sat Aug 13 -- Thank you Lonestar for your advice and insight. It was one of the agent recruiters from Farmers Philadelphia Agency Point who gave their... JKolak
How should I compensate my producers?
Posted: Fri Aug 12 -- What would you all say is a solid book of business for a producer that has been in the business 4 years? I am in Mass. I am just curious on... Producer19
Broker of Agent
Posted: Thu Aug 11 -- If the company has not accepted your Broker of Record letter, then you are not in any position to represent your client with respect to... Duke
Study tips for the California Life Agent Exam
Posted: Thu Aug 11 -- Hi, I just recently took the exam and passed it the first time. All I did was reading through the 52 hrs from prelicensetraining.com. The... mermaid408
Certificate Poll
Posted: Thu Aug 11 -- Don't forget that you could be in violation of regulations too! In Ohio you would be in violation of the Insurance Code and subject to... INTLXS

Reader Comments

West Virginia Jury Awards $91.5 Million in Nursing Home Death
Posted: Tue Aug 9 -- The award is absurd and should be appealed. Why should the family of an 87 year old woman hit the lottery with TAX FREE money? If they were... Jester
Sovereign Debt Pressure Spreads to Insurers' Balance Sheets: A.M. Best
Posted: Wed Aug 10 -- LOL... Lets get real, your feeling that the US is too big not to default has the assumption that we will do something different. As Albert... Sarah
Second Court Allows Damages Suit Against Rumsfeld Over Alleged Torture
Posted: Thu Aug 11 -- Thanks, Mr. Rumsfeld, for protecting and saving the lives of many Americans. History will be the judge. Realist
Florida Court Rules Illegal Workers Entitled to Workers' Compensation
Posted: Thu Aug 11 -- The illegal should have been deported and none of court BS would have been necessary. The business owner should have been heavily fined and... Deport Em

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