Apr 3, 2012

Daily Headlines: Tuesday, April 3, 2012

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Insurance Journal Daily Headlines
April 3, 2012
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Today's Headlines

National

Hartford to Repay Allianz’s $2.4 Billion of Crisis Aid

The Hartford Financial Services Group plans to repay most of a rescue it received during the financial crisis, buying back debentures and ...

Football Turns to Helmet Technology to Tackle Head Injuries

As Americans grow more aware of the risk of brain injury tied to football - the country's most popular sport - players and coaches are ...

Path Set for Accountable Care Organizations in Healthcare Delivery

Even if the U.S. Supreme Court strikes down the Obama administration-backed healthcare reform legislation, accountable care organizations ...

BB&T Completes $570M Acquisition of Crump Insurance Units

BB&T Corp., a major regional bank and insurance broker based in Winston-Salem, N.C., said it completed the previously announced acquisition ...

ACE Risk Management Launches Portal for Uninsured, Underinsured Motorist Issues

The ability to validly elect or reject uninsured/underinsured (UM/UIM) motorist coverage has a significant economic impact on insureds and ...

Judge Weighs Release of Insurance Monies for MF Global Defense

An MF Global bankruptcy trustee asked a judge on Monday to release $25 million in insurance money to pay defense costs for Jon Corzine and ...

From MyNewMarkets.com Four Steps to Improving Your Agency's Ranking on Search Engines

According to the Consumer Agent Portal, at least 75 percent of consumers head for the Internet first when searching for insurance. Let's say...
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East

Ryan Specialty Group to Acquire WKFC Underwriting Managers in New York

Chicago-based Ryan Specialty Group said its subsidiary RSG Underwriting Managers is acquiring WKFC Underwriting Managers in New York. Terms ...

New York County Hosts Open House For Last Year’s Flood Victims

Broome County Executive Debbie Preston in New York recently hosted an open house to help local residents who are still suffering from last ...

Riviezzo Joins Safety National as Business Development Rep.

St. Louis, Mo.-based Safety National Casualty Corp. announced that James Riviezzo has joined the company as business development ...

CEO of Pennsylvania Insurer Highmark Fired After Assault Charges

A western Pennsylvania insurance company has fired the chief executive officer who was arrested a week ago after a fight with the husband ...

Vt. Court Denies Claim of Slain Girl’s Father, Says Insurer Not Liable

The Vermont Supreme Court has rejected the appeal of a slain 12-year-old girl's father who claimed the ex-wife of the man charged in her ...

Quarter Century Since Epic Maine Flood

Sunday, April 1, marked the 25th anniversary of one of the worst floods in Maine history. On April 1, 1987, major rivers overflowed their ...
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Midwest

Tornadoes Raise Home Insurance Rates in Missouri

Even Missouri residents who lived nowhere near last year's deadly tornadoes are writing bigger checks to insure their homes. The state ...

State Auto Companies Name New Officers

State Automobile Mutual and State Auto Property & Casualty Insurance Cos. have named a number of associates officers of the companies. ...

Hastings Mutual Recognized as a Top Employer in West Michigan

Hastings, Mich.-based Hastings Mutual Insurance Co. announce it has been selected as one of West Michigan's 101 Best and Brightest ...

White House Approves Fargo-Area Diversion Project

North Dakota Sen. Kent Conrad says the White House has approved the plan for a Red River diversion project around Fargo and Moorhead, Minn. ...
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Southeast

Trayvon Martin March in Tallahassee Postponed Again Over Lack of Insurance

A planned march on Florida's state capitol to protest the shooting death of teenager Trayvon Martin has once again been derailed to a ...

Kentucky Tornado Tax Relief Bill Gets Final Passage

Tornado victims in 21 Kentucky counties that were declared disaster areas by President Obama after the March 2 tornadoes would get a sales ...

West Virginia Residents’ $93 Milllion Settlement with Monsanto Questioned

An attorney is challenging a $93 million settlement between Monsanto Co. and thousands of West Virginians. Thomas Urban II represents some ...

Inspections Improving Mine Safety, Says U.S. Official

Aggressive inspections at troubled mines are helping create safer working environments for coal miners, the head of the federal ...

North Carolina’s Red Ventures Buys HomeInsurance.com

Charlotte, North Carolina-based technology firm Red Ventures has acquired the online homeowners insurance site, HomeInsurance.com. ...
South Central

New Flood Maps Affecting Thousands in Louisiana's Livingston Parish

New federal flood insurance rate maps are going into effect and affecting thousands of Livingston Parish, La., homeowners. The Advocate ...

Fireman's Fund Appoints Mondshine as Sales Director in Texas

Fireman's Fund Insurance Co. announced that Karen Mondshine has been appointed to the position of personal insurance territory sales ...

Millions in Damage Claims Expected from South Texas Storm

Hurricane force winds, heavy rains and baseball size hail struck the northern part of McAllen on March 29 causing extensive damage to ...

Debit Cards Used for Refunds, Including Louisiana Citizens Rebates

After trying to help her homebound mother use her state refund, Barbara Ewell is convinced Louisiana's new prepaid debit card program was ...
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West

Colorado Wildfire Victims Returning to Homes

The Lower North Fork wildfire in Jefferson County, Colo. is nearly 100 percent contained, and with all remaining evacuation and ...

Santa Fe Sues Aeropostale For Not Paying Living Wage

The city of Santa Fe is suing retailer Aeropostale, accusing the teen-centric store of not complying with a city ordinance that requires ...

Judge Rules Lowe’s Suit Can Proceed Against Idaho

A federal judge has ruled in favor of former Idaho Transportation Director Pamela Lowe on a key legal question of her wrongful termination ...

Metrolink Trains Getting GPS-Based Safety Devices

All Metrolink commuter trains will be outfitted with GPS-based tracking devices by next year, two years ahead of a federally mandated ...
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International

Melting Arctic May Redraw Global Geopolitical Map

This year's frenzy of oil and gas exploration in newly accessible Arctic waters could be the harbinger of even starker changes to come. If, ...

TT Club Finds Majority of Supply Chain Claims Caused by Human Error

An analysis from London-based TT Club, which provides insurance and related risk management services for the international transport and ...

Willis Re Report on Reinsurers Sees Lower Loss Activity, Market Support

Reinsurers have seen more positive results in the first quarter of 2012 than in the previous two years according to Willis Re, the ...

Starr Indemnity Receives Foreign, Non-Life Insurance License in Japan

Starr Indemnity & Liability Company announced that the Japanese Financial Services Agency (FSA) has granted it a foreign, non-life ...

Cooper Gay Promotes Hooper to Chief Commercial Officer; Hovey to CEO

Cooper Gay Swett & Crawford (CGSC), the global wholesale and reinsurance brokerage group, has promoted Shaun Hooper to the new role of ...

Ratings Roundup: NAGICO, Sun Hung Kai Properties

A.M. Best Co. has affirmed the financial strength rating of 'B++' (Good) and issuer credit ratings of "bbb" of National General ...
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Financial Institutions Underwriting: Is It Safe to Come Out Yet?

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New Discussions in the Forums

One stop shop MGA
Posted: Tue Apr 3 -- Lisa, I actually have a good relationship with Bliss. I think he was talking about MGA's that write standard business not surplus like... JAM
Personal Quake Insurance - CA
Posted: Tue Apr 3 -- If Travelers is writing the Home why not add the earthquake through them? They offer it on new business and afterwards every other renewal.... JAM
ADA Violations
Posted: Mon Apr 2 -- Blondie2 -- while you are correct that your client doesn't have employees, he does have tenants. I know you can buy a policy that covers... LadyBroker
Pet Cremation
Posted: Sat Mar 31 -- This is not insurance for pets. Our insured runs a busines that cremates dead animals. from cats to horses. I need a good admitted carrier... JAM
Native American Reservation and casino
Posted: Fri Mar 30 -- There is an MGU in San Diego called 'Tribal First' that specializes in American Indian casino risks. You may wanto to contact them. LadyBroker
Home Warranty
Posted: Fri Mar 30 -- Anyone know of Home arranty companies that will pay comissions to agents. When I was captive we used to get 20% from AHS. I have not found... JAM
EOI Request for Refi
Posted: Fri Mar 30 -- Thanks for the reply. Guess we all just muddle along (sigh). TiredAgent

Reader Comments

CEO of Pennsylvania Insurer Highmark Fired After Assault Charges
Posted: Mon Apr 2 -- Erie Insurance Exchange got a can of some hillbilly whupazz opened up on them twice in Wilson County TN. The 1st can was in General Sessions... Lerie Erie
Supreme Court Begins Healthcare Law Debate
Posted: Tue Mar 27 -- So you think the only thing ACA does is keep the uninsured out of the emergency rooms? ComradeAnon
6 Ways Supreme Court Could Rule on Healthcare Law
Posted: Tue Mar 27 -- Around 84.7% of Americans have some form of health insurance; either through their employer or the employer of their spouse or parent... CalDude
Family of Los Angeles Gang Member Awarded $3M In Lawsuit
Posted: Tue Mar 27 -- "But the chief medical examiner for Ventura County testified that the force used by officers was a cause of Cornejo's death." Get over... DS
N.Y. Court to Unemployed Law School Grads: Buyer Beware
Posted: Tue Mar 27 -- What a bunch of whiners! Everyone knows that schools are hyperbolic when it comes to their stats and they take artisitc license. What kind... GL Guru

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April 2, 2012

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