Aug 2, 2011

Daily Headlines: Tuesday, August 2, 2011

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Insurance Journal Daily Headlines
August 2, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

General Re, AIG Executives’ Convictions Tossed; New Trial Ordered

Four former executives at Berkshire Hathaway Inc.'s General Re Corp. unit and one at American International Group Inc. won the reversal of ...

Leisure Industry Tempting Target for Cyber Pirates: Willis

The hospitality industry is a tempting target for an increasing number of cyber attacks. The vast quantities of personal, identifiable ...

Venture Programs Expands Hospitality Program with Zurich

West Chester, Pa.-based Venture Programs added Zurich in North America as a carrier for its resort and hotel program, expanding its ...

Insurance Journal Searches for the Best Agencies to Work For

Insurance Journal Searches for the Best Agencies to Work For Is your independent insurance agency or brokerage firm a great place to work? ...

Survey: Americans Think They Are Great Drivers; Habits Show Otherwise

The majority of Americans consider themselves to be good drivers but their habits on the road tell a different story. American drivers ...

How Debt Ceiling Politics Impact P/C Insurance Industry

As they watched Congress struggle to put a debt deal in place by Aug. 2, U.S. insurers worried about their companies' portfolios, short- ...

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: Academy of Insurance Webinar: Developing Producer Compensation & Agency Perpetuation Plans
East

Bankers Insurance Acquires Assets of Gateway Insurance Services

Bankers Insurance LLC, headquartered in Richmond, Va., announced its acquisition of substantial assets and assumption of certain ...

Federal Aid Approved for N.Y. Flood Victims

A Long Island congressman says 13 families who lost their homes in flooding more than a year ago will likely receive federal aid. Rep. ...

Julio C. Shaik Joins Maryland’s IWIF as Chief Investment Officer

Julio C. Shaik, CFA, recently joined IWIF Workers' Compensation Insurance as assistant vice president of investments and CIO. A Chartered ...
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Midwest

State Auto Reports Increase in Net Loss and Premium Written in Q2

Columbus, Ohio-based State Auto Financial Corp. reported a second quarter 2011 net loss of $201.4 million, or $5.01 per diluted share, ...

Iowa Health Insurance Review Process OK'd

Federal officials have approved Iowa's process for external review of health insurance providers as established under the Affordable Care ...

North Dakota Ban on Texting While Driving Takes Effect

North Dakota's ban on texting while driving is now in effect. More than 30 states so far have approved laws against motorists sending text ...
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Southeast

Florida Governor Suggests Making PIP Coverage Optional for Drivers

Florida drivers should have the option to forgo purchasing what is now mandatory auto personal injury protection (PIP) coverage, says Gov. ...

Alabama Study: Small Changes Could Prevent Twister Damage

A new study of tornado destruction in Tuscaloosa found that relatively minor changes in construction — including better shingles, more ...

Alabama Hikes Penalty for Driving Without Liability Insurance

Alabama drivers are facing stiffer penalties for failing to have liability insurance under a bill recently signed into law by Gov. Robert ...
South Central

Forestry Service Says Oklahoma Could Face Fire Crisis

Heat and drought could lead to a wildfire crisis in Oklahoma for the rest of the summer, a state forestry official said. Forester George ...

Drought Damage Extends to Texas Gulf Oysters

Tracy Woody heaved a hemp bag filled with oysters across the deck of his boat and began inspecting his catch. One shell after another was ...

Insurer Group Taking Hurricane Tour of Texas

The Insurance Council of Texas (ICT) will take its message of preparing for a hurricane down the Texas coast for its annual media tour in ...
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West

Colorado Begins Enforcing Car-Seat to Age Eight Law

Car-seat requirements in Colorado are getting tougher Monday. A new state requirement being enforced Aug. 1 raises the ...

Nevada Trucking Company Countersues Amtrak Over Crash

A Nevada trucking company has countersued Amtrak and Union Pacific, claiming they failed to maintain a safe railroad crossing ...
International

Insurers Interested in ING European, Asian Units

ING could get a far bigger pay-out if it ditched a plan to spin-off its Asian and European insurance units as a single stock market-listed ...
Sponsored Content

Lloyd's Innovation to be Profiled at MarketScout's Entrepreneurial Insurance Symposium

Hank Watkins, President of Lloyd's America, will outline Lloyd's new initiatives DALLAS, August 2, 2011 – Hank Watkins, President of ...
Insurance Journal Blogs

Don’t Throw Up On Yourself…

Have you ever been to a party and found yourself talking with someone you didn't know, and all they did was talk and carry on about ...

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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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Growing Opportunities for Insurance Industry's Women

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

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New Discussions in the Forums

Misleading Advertising
Posted: Tue Aug 2 -- The reason I get upset at this type of advertising is that there are people out there who beleive that they can get $9 insurance and they... saabins
In search of separate Umbrella for standard carrier policies
Posted: Tue Aug 2 -- I have found much success with personalumbrella.com. and their prices are very competitive. check them out as they I beleive they write in... saabins
Agency Management Systems
Posted: Mon Aug 1 -- I noticed on the Eclipse website that their latest Windows operating system they mention is XP! Wow! Sure ...... Observer561
Dental Plan or Dental Insurance
Posted: Sat Jul 30 -- Can all dentists use sedation techniques? robin001
SEO and buying back links
Posted: Sat Jul 30 -- everyone who is top 3-5 for any competitive insurance keyword is buying or renting high PR links. If you think that webmasters with High PR... yougotmymoney
Feedback on being an independent agent for Progressive
Posted: Fri Jul 29 -- Your post doesn't say where you are located. Progressive is the one company you can't live with and can't live without. They do a good job... gregcw
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
Posted: Fri Jul 29 -- Home Builder will offer several floor plans for home and a home builder whose website boasts interactive maps suggests both technically... Linda27
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

Allstate Agents Hope Unionization Sparks Changes at Insurer
Posted: Tue Jul 26 -- I think I got it figured out.. what they appear to be doing is getting rid of the smaller agencies and trying to form a "mega" agency and... chuck
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
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
Slot Machine Gambler Sues Mississippi Casino for Arm Injury
Posted: Wed Jul 27 -- Thats why they call the slot machines the "one arm bandit". Why Bother

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