Aug 10, 2011

Daily Headlines: Wednesday, August 10, 2011

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Insurance Journal Daily Headlines
August 10, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Sovereign Debt Pressure Spreads to Insurers' Balance Sheets: A.M. Best

Continuing economic weakness in Europe and the debt crisis in the United States have elevated the risk profile of U.S. insurers, stirring ...

S&P Balks at SEC Proposal to Disclose Rating Errors

Standard & Poor's, whose unprecedented downgrade of U.S. debt triggered a worldwide stocks sell-off, is pushing back against a U.S. ...

Private Weather Forecasters in High Demand

Heat and drought are parching the southern U.S. plains, floods and tornadoes have shattered long-standing records, and the tropical ...

Judge May Allow Soldier’s Claim Against ‘Hurt Locker’ Movie to Go Forward

A federal judge in Los Angeles has indicated she is leaning toward dismissing most of an Iraq war veteran's lawsuit against the makers of ...

Are Bounce Houses Too Difficult a Risk?

In the last two months alone the media has reported at least 10 bounce house or inflatable amusement rides nationwide that were toppled by ...

From MyNewMarkets.com Understanding Legal Liability for Condominium Association and Unit Owners

Legal liability is liability imposed by the courts or by statute on any person or entity responsible for the financial injury or damage...
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East

New Hampshire City Probes 5 Fires as Arsons

Authorities in Manchester, New Hampshire are investigating five fires of the past week as possible arsons. The latest occurred Monday ...

Railroad Ordered to Pay, Promote Injured Connecticut Worker

Federal workplace safety officials have ordered the Metro-North Commuter Railroad to pay $125,000 in punitive damages to a worker who was ...

Highway Deaths in Maine Down for 4th Straight Year

Highway deaths in Maine are down for the fourth year in a row. The Bureau of Public Safety said 61 people have died on Maine roads so far ...

Ex-Insurance Adjuster to Plead Guilty in Rhode Island Fraud Case

An ex-insurance adjuster was set to plead guilty to charges he helped a former Rhode Island radio personality file a phony insurance claim ...
THURSDAY AUGUST 11: Academy of Insurance Webinar: What EVERY Agent Needs to Know about D&O
Midwest

Iowa Warns Farmers on Deadly Livestock Accidents

Deadly livestock-related accidents in Iowa are not that unusual, so farmers need to be cautious and have an escape route, a workplace ...

Hosket & Ulen Join Keystone Insurers Group in Ohio

Hosket & Ulen Insurance Agency of Dublin became Keystone Insurers Group's 27th franchise partner in Ohio. The announcement was made ...
Southeast

Florida Eases Surplus Lines ‘Due Diligence’ Rule for Agents

Florida insurance agents should have an easier time placing commercial policies with surplus lines carriers under a new law that allows ...

$2.1 Million Settlement Reached in Kentucky Military Malpractice Claim

An Army soldier who filed a lawsuit over the treatment of his wife's cancer at a military hospital at Fort Campbell, Ky., has reached a ...

Florida’s FPIC Insurance Settles Shareholder Litigation

FPIC Insurance Group has agreed to settle a class action shareholder lawsuit clearing the way for its merger with Fountain Acquisition ...
South Central

Texas Mutual Awards $1M in Safety Group Dividends

Texas Mutual Insurance Co. said five safety groups it underwrites have earned a combined $965,513 in workers' compensation dividends. The ...

Texas Division of Workers' Comp Recent Enforcement Actions

Commissioner of Workers' Compensation Rod Bordelon recently announced final disciplinary actions taken by the Texas Department of ...
West

Utah Has 1,800 Injuries Annually from Off-Road Vehicles

An average of 14 people die and 1,800 people are injured in Utah every year riding motorcycles, all-terrain vehicles and snowmobiles. The ...

Workers at California’s PG&E Claim Safety Ignored

A Northern California newspaper is reporting that Pacific Gas and Electric repeatedly ignored safety concerns raised by its employees in ...

San Diego Insurance Women Member Wins Award

San Diego Insurance Women are proud to announce member Kathleen Kerstenbeck, ARM, CPIW was presented the San Diego Insurance Woman of the ...

Alaska Tour Operator Fined $1.5 Million for Not Having Workers’ Compensation

An Alaska tour operator has been fined $1.5 million for allegedly failing to carry workers' compensation insurance, violating stop work ...
International

Britain Burns: Riots Spread through UK Cities

A wave of violence and looting raged across London and spread to three other major British cities on Tuesday, as authorities struggled to ...

ABI Explains UK Riot Coverage; Damages Estimated to Exceed $162 Million

The Association of British Insurers has issued a set of guidelines and an explanation of the insurance coverage incident to the recent ...

Sony Says London Warehouse Fire May Affect UK Deliveries

Sony Corp said on Tuesday deliveries in Britain of compact discs and DVDs could be affected after a fire hit its sole warehouse for content ...

Cooper Gay Swett & Crawford Appoints Kruger as First Group CIO

Cooper Gay Swett & Crawford (CGSC), the global wholesale and reinsurance broking group, has appointed Brent Kruger as its first group ...

Flagstone Realigns Management; Prestia Named CEO Flagstone U.S

Luxembourg-based Flagstone Reinsurance Holdings announced that Gary Prestia has been appointed CEO of Flagstone Representatives (US) Inc. ...

SCOR Finalizes Acquisition of Transamerica Re

France's SCOR Group announced that it has finalized the acquisition of the mortality portfolio, including the operational assets and ...
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QBE Innovation to be profiled at MarketScout's Entrepreneurial Insurance Symposium

Impressive US growth has capture market's attention DALLAS, August 10, 2011 – Rob Byler, President and Head of Program Business at QBE, ...
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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

Certificate Poll
Posted: Wed Aug 10 -- Have you ever issued an Acord 25, or its equivalent, for an insured and included AI or other wording when you know the policy doesn't... threed
Farmers vs. Independent
Posted: Tue Aug 9 -- I am recently resigned from Farmers because I had too much difficulty keeping up with the quotas; especially with life insurance. I have... InsuranceGuynTX
Broker of Agent
Posted: Tue Aug 9 -- In this case, if the claim happened before the eff. date of the aor, it goes to the former agent. Most cos. charge everything to the former... Temblor
National Agents Alliance? Legit or Keep Away?
Posted: Tue Aug 9 -- I think it is really funny how all these "curious" people are on here saying all the bad things about NAA or listening to them. Believe what... successisgreat
Info on Employee Information Services company
Posted: Sat Aug 6 -- Has anyone heard about the company, 'Employee Information Services'? I've only seen one review. They are hiring nationally and I wanted to... TorontoTexas

Reader Comments

Michigan Supreme Court Rejects Bike Trail Injury Claim
Posted: Wed Aug 3 -- Let's see, it is called Little Manistee Trail, not road, not highway, not street. Time to recall the three dissenting justices for being... Compman
Judge Allows Army Veteran to Sue Rumsfeld for Damages Over Torture
Posted: Fri Aug 5 -- Gee.....detaining Citizens and denying them legal representation, refusing to acknowledgement their detainment to family members and... Cheri
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
How Debt Ceiling Politics Impact P/C Insurance Industry
Posted: Wed Aug 3 -- Well Sam, your calculations are not correct. I started from scratch in 1981 and I earn well over $40K and I have a C Corp too. Business... Nan

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