Mar 12, 2012

Daily Headlines: Monday, March 12, 2012

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Insurance Journal Daily Headlines
March 12, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Commercial Lines Prices Up for 4th Straight Quarter: Survey

Commercial insurance prices increased an aggregate 3 percent during the fourth quarter of 2011, the fourth consecutive quarter during which ...

Gulf Oil Spill: Tales of 3 Plaintiffs

The phone at Joan Strohmeyer's fishing lodge in Venice, Louisiana, has been ringing steadily since 2010, but not many of the calls are from ...

Do Agency Management Benchmarks Work?

I have been analyzing agencies for a long time and I believe it is extremely safe to say that no two agencies are the same. At least I have ...

Hiscox Appoints Walter as U.S. CEO; Head as Chief Underwriting Officer

Hiscox made a number of changes to its U.S. Management Team, appointing a new CEO and chief underwriting officer for Hiscox USA. Ben ...

U.S. to Seek Court Approval for $25 Billion Mortgage Deal with Big Banks

A previously announced $25 billion settlement between five major banks accused of abusive mortgage practices and government officials will ...

Largest Shareholder Presses The Hartford to Decide Soon on Split-Up

Hedge fund manager John Paulson said Hartford Financial Services Group Inc. could boost its share price by 62 percent if it listened to his ...

From MyNewMarkets.com Japan Earthquake Anniversary a Reminder of Need for Supply Chain Coverage

The devastating earthquake and tsunami that hit Japan on March 11, 2011, caused massive supply chain disruptions, exposing the complexity...
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East

Penn. Encourages Consumers to Buy Flood Insurance as Spring Approaches

Pennsylvania insurance regulators are encouraging homeowners to consider buying flood insurance before the start of spring, citing the ...

Judge: NYC Could Owe Over $128M in FDNY Lawsuit

A federal judge said last Thursday the amount of back wages owed minorities affected by discrimination in the city's firefighter entrance ...

Philly Man Gets $25K From City Over Gun Stops

A gun-rights advocate stopped by police for openly carrying a weapon will settle his lawsuit against the city of Philadelphia for $25,000. ...

Encharter Insurance Opens New Office in Connecticut

Encharter Insurance, an independent agency with several offices in Massachusetts and Connecticut, announced the opening of a new insurance ...

16 Arrested in Brooklyn, N.Y., for Allegedly Staging Auto Accidents

Sixteen people in Brooklyn, N.Y., have been arrested for their roles in allegedly staging auto accidents to fraudulently receive insurance ...
Midwest

Missouri Senate Passes Workplace Discrimination Measure

The Missouri Senate has given final approval to legislation aimed at changing the state's rules for lawsuits that deal with workplace ...

Branson Officials Mostly Pleased with Tornado Response

Branson, Mo., city officials said they were mostly happy with the emergency response to a tornado that hit the tourist city in February. ...

Audit Questions $7B in Illinois Insurance Contracts

A new audit finds serious problems with the way Illinois awarded $7 billion in contracts last year for state employees' health insurance. ...
Southeast

Florida Passes PIP Reform Bill

Gov. Rick Scott got the legislation he wanted to reform Florida's mandatory motor vehicle no-fault law and crack down on the abuses in ...

Citizens Assessment Rate to Change Under New Law

Florida lawmakers have approved a bill that reduces the assessment rate of the state-run property insurer to give policyholders more time ...

Negligence Claims Bills Sent to Florida Governor’s Desk

A claims bill that would pay $2.4 million to the parents of murdered Tallahassee police informant Rachel Hoffman went to Gov. Rick Scott ...

Judge Combines West Virginia Slurry Pollution Cases

The claims of hundreds of Boone County residents who blame coal companies for contaminating their water supplies will be heard in a single ...

Florida AG HIres Law Firms to Pursue Gulf Oil Spill Claims

Attorney General Pam Bondi has hired four law firms to help with Florida's claims related to the Gulf of Mexico oil spill two years ago. ...
South Central

Oklahoma Leaders Shelve Plan for Insurance Exchange

Oklahoma legislative leaders said on March 8 they are shelving a plan to comply with the new federal health care law by setting up a state ...

Roberts Joins Roach Howard Smith & Barton

Dallas-based Roach Howard Smith & Barton, an independent insurance brokerage firm, has added David Roberts as vice president. He joins ...

Jurors: Evidence Overwhelming in Stanford Trial

In the end, the flashy business suits, charming smile, yachts, luxurious private jets and a passion for the sport of cricket couldn't mask ...

Texas Mutual Rewards 3 Safety Groups with $435K in Dividends

Texas Mutual Insurance Co. announced that three workers' compensation safety groups have earned a combined $435,324 in dividends. The ...
West

ARCO to Pay $1 Million to EPA At Montana Superfund Site

Atlantic Richfield Co. has agreed to pay $1 million to the U.S. Environmental Protection Agency for managing the Superfund site at the ...

Feds Announce Charges in Deadly Utah Mine Collapse

Misdemeanor criminal charges have been filed and fines levied against the operator of a Utah mine where a 2007 collapse killed six miners, ...

Los Angeles Fire Department Says Data On Response Times Is Misleading

Los Angeles Fire Department officials have for years released misleading data on the response times of firefighters, according to a report. ...

Jenkins Names French VP of Construction and Real Estate

Concord, Calif.-based Jenkins Insurance Group named Peter French vice president in its construction and real estate practice. French's ...

Former Agent in Washington Sentenced For Stealing $1 Million-Plus From Clients

A former insurance agent who stole more than $1 million from elderly clients has been sentenced to 75 months in prison. Jasmine ...
International

Japan Marks One Year since Earthquake – Tsunami Disaster

People across Japan prayed and stood in silence on Sunday to remember the massive earthquake and tsunami that struck the nation one year ...

ICA Declares Flood Zone Catastrophe; Econ Losses May Top $1.5 Billion

The Insurance Council of Australia has declared widespread areas of New South Wales and Victoria a formal catastrophe zone. The ICA said ...

Willis Names Bellone for Europe Capital Markets & Advisory Unit

Willis Group Holdings announced the appointment of Andrea Bellone as Managing Director in the European team of Willis Capital Markets & ...

Rajab Appointed Aon Benfield’s New CEO for Middle East, North Africa

Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp., announced that Ahmed Rajab, an executive with 15 years ...
Sponsored Content

American Claims Management Appointed Dalessandro Director of Business Development

San Diego, CA, 03/12/12 - American Claims Management, Inc. (ACM), a national third party administrator, has hired Jeffrey Dalessandro as ...

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Should D&O Cover Bribery?

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Chartis CEO Hancock on Fear, Regulation, Science and Expenses

Peter D. Hancock, CEO of Chartis, AIG's global property/casualty business, discussed the...

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New Discussions in the Forums

Workers compensation in Ca
Posted: Mon Mar 12 -- Can anyone write comp in Ca for Cabs? 24hrs on call type of operation. Thanks Trotter
Farmers - Loss Runs - Fax NumbeR?
Posted: Sat Mar 10 -- Have the insured mail, email, or FAX a written request for loss runs to the address of the company shown on the declarations pages of the... darnovak
Meals on wheels - insured with Farmers currently
Posted: Sat Mar 10 -- hi ladybroker Thanks for your responses.. and everyone else as well.. Philadelphia seems to be the market to take this on. Well.. it turns... meytai
Partnership Questions
Posted: Sat Mar 10 -- I've decided to go out on my own. I'll be opening an independent agency soon. I'm trying to decide which cluster/network to join... Taylyn
claims question
Posted: Fri Mar 9 -- I was wondering if a decision regarding your query has already been made and if you were held liable? If I was the tenant and knowing you... robmejia
How have you Benefited from your Cluster Membership?
Posted: Fri Mar 9 -- I was able to connect with insurance industry partners and increased my prospects. robmejia

Reader Comments

New York's Cardinal Urges 'Freedom of Religion Battle'
Posted: Mon Mar 5 -- Freedom of religion? How about freedom FROM religion - me from yours, you from mine. Allow each other to exist and don't try to build a... reality bites
Immigrant Files $1M Claim Against Arizona Sheriff
Posted: Wed Mar 7 -- Per other news sources, the lover was legally here, but on a tourist visa, which means he couldn't legally work on the campaign. Hell hath... Anejo
Pennsylvania Christian College Sues Over Birth Control Regs
Posted: Thu Mar 8 -- Seriously - the buttons have been hacked. Uh oh! Gotta go - there's a black helicopter hovering outside my window. Where's my tinfoil hat? The Other Point of View
Insurance Exec Pleads Guilty in Wisconsin to Intoxicated Flying
Posted: Wed Mar 7 -- Help me out here legal people. If he never flew a plane wouldn't a guilty plea be perjury? Anejo
Wealthy Americans Fear Costly Lawsuits
Posted: Tue Mar 6 -- It is a race...Who gets the money first...Obama or the blood sucking ambulance chasers. Of Course

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