Aug 3, 2011

Daily Headlines: Wednesday, August 3, 2011

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Insurance Journal Daily Headlines
August 3, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

U.S. Experts Blame a Government for Cyber Attacks; Is It China?

Security experts have discovered the biggest series of cyber attacks to date, involving the infiltration of the networks of 72 ...

Top 10 Most Stolen Vehicles in U.S.

Two Honda models top the list of U.S. thieves' favorite vehicles. The National Insurance Crime Bureau examined vehicle theft data ...

Marsh Reports Revenue Up 12% in Q2

Marsh & McLennan Companies Inc. reported 12 percent combined revenue growth for the second quarter, reflecting new business and ...

OnStar System Allows Tracking of Vehicle Location Online

Parents will be able to track the travels of their teenage drivers under a system being tested by General Motors' OnStar system. The ...

Health Insurance Exchange Chief, Ario, Steps Down After 1 Year

The official charged with overseeing the creation of U.S. state-based health insurance exchanges is stepping down at a critical juncture ...

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,...
AUGUST 4: Academy of Insurance Webinar: How to Match Professional Liability Coverage to Your Insured's Exposures
East

October Hearing Set on Va. Workers’ Comp Premiums

Virginia regulators are planning to hold a hearing in October on proposed adjustments in premiums charged for workers' compensation ...

New Jersey Man Pleads Guilty To Identify Theft Scam

New Jersey Attorney General Paula T. Dow and Division of Criminal Justice Director Stephen J. Taylor announced that a man from ...
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Midwest

Michigan Supreme Court Rejects Bike Trail Injury Claim

The Michigan Supreme Court says the state has no obligation to maintain a northern Michigan trail, dismissing a lawsuit by a woman who sued ...

Michigan Lawsuit Over Failed Facebook Romance Dismissed

A Michigan judge this week dismissed a lawsuit filed by a woman who sought more than $8,000 from a Washington man she met on Facebook after ...

Meadowbrook Sees Operating Income Decrease, Premium Increase in Q2

Meadowbrook Insurance Group Inc., based in Southfield, Mich., reported second quarter 2011 net operating income of $8.5 million, compared ...
Southeast

Workers’ Compensation Costs Continue to Drop in West Virginia

West Virginia employers would continue to benefit from lower workers' compensation rates if the state agrees with an industry filing that ...

Miami Beach Settles Wrongful Arrest Claim

The American Civil Liberties Union (ACLU) of Florida says it's reached a settlement with the city of Miami Beach over the wrongful arrest ...
South Central

Study: Red-light Cameras Reducing Crashes in Texas

Red-light crashes fell 25 percent at hundreds of Texas intersections after traffic cameras were installed, researchers said in what was ...

Arthur J. Gallagher & Co. Acquires Group Benefits of Arkansas LLC

Itasca, Ill.-based insurance brokerage and risk management services firm Arthur J. Gallagher & Co. announced it has acquired Group ...
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West

California Earthquake Authority Bond Issue a ‘First Step’

Officials with the California Earthquake Authority said yesterday that their recent $150-million bond issue is just a first step in ...

Eight More Colorado Counties Declared Disaster Areas

DENVER  _ Eight more Colorado counties have been declared natural disaster areas because of drought and a freeze. Colorado Sen. Mark ...

California Man Arrested for Faking Death

A Southern California man and his wife were arrested Monday on suspicion of faking the man's death in 2004 so their family could receive ...
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International

Tropical Storm Emily Heading for Puerto Rico, Hispaniola

Tropical Storm Emily was expected to bring heavy rain Tuesday to Puerto Rico after crossing the northeast Caribbean Sea on a track that ...

When Rating Agencies Judge the World – an Analysis

The man who holds in his hands the fate of U.S. credit, and with it potentially the global economy, favors small tie knots, sports a bushy ...

China Mulls Creation of New Regulator for State Financial Sector

China is considering a proposal to create a ministerial-level body to manage its state-owned banks and non-bank financial enterprises, two ...

Maritime Intelligence Service Offers Advice on Armed Guards on Ships

Gray Page, a specialist maritime intelligence, investigation and crisis management company, has advised that the IMO's Maritime Safety ...

Willis’ Leisure Industry Report Highlights Vulnerability to Cyber Attacks

According to a new report from Willis Group Holdings - Willis Summer 2011 Leisure Newsletter - "vast quantities of personal, identifiable ...

Second Quarter Earnings Reports: PartnerRe

President and CEO Costas Miranthis commented: "The second quarter of 2011 was another active period in terms of catastrophe-related losses for the industry ...

Wafer to Replace Berger as Alterra’s Reinsurance CEO

Bermuda-based Alterra Capital Holdings Limited announced that John Berger, CEO of Reinsurance and a member of Alterra's Board of ...

Ratings: Gulf Re, Heddington, Cooperativa Seguros, Contractors Bonding (NZ)

A.M. Best Europe – Rating Services Limited has revised the outlook to stable from negative and affirmed the financial strength rating of ...
Sponsored Content

Arrowhead General Insurance Agency, Inc. Appoints Armstrong as Chief Operating Officer

San Diego, CA, 08/03/2011 – ARROWHEAD General Insurance Agency, Inc. announced that its board of directors has named current chief ...

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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

Market for a Ground Crop Spayer
Posted: Wed Aug 3 -- Looking for a market to place a ground crop sprayer. He is licensed for Crops, Vegetables, Right of Way and Aquatic. He does 2 marinas which... akasubowski
Dental Plan or Dental Insurance
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Misleading Advertising
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In search of separate Umbrella for standard carrier policies
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Agency Management Systems
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SEO and buying back links
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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

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
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
Allstate Agents Hope Unionization Sparks Changes at Insurer
Posted: Wed Jul 27 -- the allstate agency channel is a joke. the company uses agents for local presence and does not care about the agent welfare. the... Chief

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