Aug 4, 2011

Daily Headlines: Thursday, August 4, 2011

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Insurance Journal Daily Headlines
August 4, 2011
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Today's Headlines

National

Atlantic Hurricane Forecast Revised

Federal storm watchers issued an updated 2011 Atlantic hurricane season outlook today, raising the number of expected named storms from its ...

Latin Jazz Players Sue After Being Cut Out of Grammy Awards

Some Latin jazz musicians have filed a class-action lawsuit against the organization that gives out the Grammy Awards, accusing the ...

The Hartford Q2 Profit Hit by Asbestos Charges, Tornado Losses

As it warned earlier, Hartford Financial Services Group saw its profit fall in the second quarter due to large catastrophe losses and a ...

Hannigan, Farmers’ Longtime Leader of Independent Agency Unit, to Retire

After more than 42 years as a leader in the insurance industry, John J. "Jack" Hannigan, executive vice president of independent agency ...

From MyNewMarkets.com Agents See Carriers Out of Touch with Small Business Needs

Insurance agents and brokers think that their insurance carriers may be out of touch with what the small business segment needs. For one,...
WEDNESDAY AUGUST 10: Academy of Insurance Webinar: Using Social Media to Help Your Search Engine Ranking
East

Massachusetts Agents Seek Ballot Measure to Ban Insurers’ Use of Credit Scores

Massachusetts independent insurance agents who oppose the use of credit scores, occupation and education level in auto insurance pricing by ...

Judge Scolds PennDOT for Pursuing Uninsured Woman

A three-judge Commonwealth Court panel Tuesday upheld the suspension of a Philadelphia woman's car registration for allowing her insurance ...

Boston Man Convicted of Alberto Insurance Shooting

A Boston man has been convicted of shooting the owner of a Fall River, Ma. insurance agency during a robbery. Peter Chamberlin was ...

Dispute over NH Insurance Plans to Go to Hearing

A dispute between New Hampshire regulators and a nonprofit group over how it manages health insurance risk pools for public workers and ...

Judge Scolds PennDOT for Pursuing Uninsured Woman

A three-judge Commonwealth Court panel Tuesday upheld the suspension of a Philadelphia woman's car registration for allowing her insurance ...

Group Wants to Repeal Key Part of Mass. Health Law

Anti-abortion activists are pushing a ballot question designed to repeal a key element of Massachusetts' landmark health care law. ...
WEDNESDAY AUGUST 10: Academy of Insurance Webinar: What EVERY Agent Needs to Know about D&O
Midwest

Judge Tosses Suit Challenging FEMA Flood Mapping in Illinois

A federal judge has thrown out a lawsuit three southwestern Illinois counties filed to block the U.S. government from declaring the ...

Minnesota Makes Progress on Deficient Bridges

A Minnesota transportation official says half of the bridges rated deficient following the August 2007 collapse of the Interstate 35W ...

Chicago Man Pleads Guilty in Fish-Toxin Case

A suburban Chicago man has pleaded guilty to obtaining a deadly puffer-fish poison for use as a weapon. Authorities say Edward F. Bachner ...

’00 Dodge Caravan Again Ohio’s Most Stolen Vehicle

An insurance industry group says a very specific Chrysler minivan is Ohio's most stolen vehicle for the third year in a row. Once again, ...

Michigan-based Amerisure Mutual Honors Top Employees

Farmington Hills, Mich.-based Amerisure Mutual Insurance Co. recently honored its top performing employees during its recent Champions ...
Southeast

Florida Considers Phasing-In Big Sinkhole Insurance Rate Hikes

Florida Chief Financial Officer Jeff Atwater has urged state insurance regulators  to consider an affordable "glide path'' for homeowners ...

Florida to Investigate Role of Check Cashing Firms in Workers’ Compensation Fraud

Florida officials are calling for an investigation into the role of check cashing services in helping construction subcontractors avoid ...

Judge Tosses Tennessee Cheerleaders’ Damages Lawsuit

A federal judge dismissed a lawsuit filed by three former high school cheerleaders who were kicked off the squad for underage drinking. The ...

Acentria Acquires Florida’s Concord Commercial Insurance

Destin, Florida-based insurance agency Acentria has acquired Concord Commercial Insurance Agency in Punta Gorda, Florida. Bob and Tyler ...
South Central

Ark. High Court: Policy Does Not Limit Insurer's Liability in Uninsured Driver Case

The Arkansas Supreme Court has denied an insurer's appeal of a lower court finding that the language of its insurance policy at issue in ...

20 Plead Guilty to Wire Fraud in South Texas

Federal authorities say 20 South Texas residents have been convicted for their roles in a scheme to defraud the American Family Life ...

Arkansas Residents Have Two Weeks to Seek Disaster Aid

The Arkansas Department of Workforce Services says residents in Franklin and Johnson counties who were affected by severe storms, tornadoes ...

HCC Insurance Holdings Reports Strong Results in Q2 2011

Houston-based HCC Insurance Holdings Inc. reported that despite widespread catastrophe losses internationally and domestically during the ...
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West

California Governor Signs Surplus Lines Bill

California's Insurance Commissioner Dave Jones today applauded Governor Jerry Brown for signing legislation, sponsored by the Department of ...

Washington State Agent Pleads to Bilking Doctors

Brenda MacLaren-Beattie, a longtime insurance agent in Des Moines, Wash., has pleaded guilty to first-degree theft for selling fake ...

LA Arrests Man Suspected of Torching $1 Million-Worth of Cars

A man believed to be responsible for some of the 20 arson fires that have scorched vehicles in the San Fernando Valley was arrested Tuesday ...

Account Executive Added at EPIC Los Angeles

EPIC (Edgewood Partners Insurance Center), a retail property, casualty and employee benefits insurance brokerage, has added Linda Campbell ...
International

Tropical Storm Emily on Path toward Haiti

Tropical Storm Emily brushed past Puerto Rico and set its sights on the Dominican Republic and Haiti, where more than 630,000 people are ...

Raids by Cyber Thieves Are Unlikely to Stir Faster Global Action

A major new hacking attack underscores that governments and companies are losing the war against cyber thieves, but it's unclear if the ...

ING Wavers on Insurance IPO Plan

ING will not be launching a stock market flotation for its insurance operations any time soon and trade buyers are expressing interest, the ...

Swiss Re Posts $960 Million Q2 Net Income; Combined Ratio 78.4%

Swiss Re reported Group net income increased by 18 percent to $960 million in the second quarter of 2011, compared to $812 million in the ...

UK’s ABI Details Increase in Fraudulent Claims – $29 Million per Week

The Association of British Insurers reports that the UK's insurance companies are "detecting more fraudulent claims than ever: over 2,500 ...

Catlin Hit by $201 Million Net Loss for 1st 6 Months

The Bermuda-based Catlin Group Limited announced its financial results for the six-month period ended 30 June 2011 from its London office, ...

CCRIF Builds Regional Capacity for Storm Impact Forecasting

The Caribbean Catastrophe Risk Insurance Facility (CCRIF) has been gearing up to face the 2011 Atlantic Hurricane Season by "providing ...

Insurers Prop up European Shares Ahead of ECB News Conference

European shares held steady on Thursday, as strong earnings from insurers provided ballast and hopes that the European Central Bank could ...

Simon Lee to Succeed Andy Haste as RSA Group Chief Executive

The Board of UK insurer RSA announced that Andy Haste has advised them that he intends to step down as Group Chief Executive after more ...

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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

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New Discussions in the Forums

EXPLORER Personal and business Auto
Posted: Wed Aug 3 -- I was wondering if any one has had experince with Explorer in CA. Im workin on getting The ICW WC in CA but wold like to know hoow their... JAM
Market for a Ground Crop Spayer
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Dental Plan or Dental Insurance
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In search of separate Umbrella for standard carrier policies
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Feedback on being an independent agent for Progressive
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CA-Guaranteed Replacement Cost
Posted: Fri Jul 29 -- I know I'm being somewhat facetious, but didn't the CA DOI decide that had guaranteed replacement... gregcw
GC spec home builder in CA
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Oil drilling Insurance Texas
Posted: Thu Jul 28 -- Depending on the coverage I would like to take a look at this account. You can send it over to

Reader Comments

Florida Nudists Injured in Water Scooter Crash
Posted: Fri Jul 29 -- It's obvious, nudists have no coverage. Al
How Debt Ceiling Politics Impact P/C Insurance Industry
Posted: Mon Aug 1 -- There was only one good bill that dealt with the problem of our debt. Cut, Cap and Balance! These carriers should not be happy with the bill... Sarah
Florida Governor Suggests Making PIP Coverage Optional for Drivers
Posted: Tue Aug 2 -- If Govenor Scott makes PIP optional, he should then change the law to make BI and possibly even UM mandatory. This should allow the... Kimberly Jorden
Michigan Supreme Court Rejects Bike Trail Injury Claim
Posted: Wed Aug 3 -- Speaking as someone who broke a collarbone, two wrists, and disclocated a shoulder while riding my ATV on a trail, I never sued anyone. It... Mikey
Mass. Gun-Maker to Pay $600K in Gun-Death Lawsuit
Posted: Thu Jul 28 -- Plumbers do random drug tests and this GUN MAKER does not? Good decision on behalf of the court. CalDude

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