Jul 12, 2012

Daily Headlines: Thursday, July 12, 2012

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

Today's Headlines

National

House Panel Balks at Senate Crop Insurance Reforms

The U.S. House Agriculture Committee challenged two crop insurance reforms approved by the Senate, creating another farm-bill dispute with ...

PFGBest Broker Scandal Leads to Calls for Insurance for Grain Trade

The largest U.S. grain trade group was stunned by the latest scandal to hit the futures industry when Iowa-based brokerage PFGBest ...

PartnerOne, Berkley Environmental to Offer Site Pollution Liability

PartnerOne Environmental , an underwriting division of Beacon Hill Associates', is now working in partnership with Berkley Environmental, ...

GMI Adds Plaza Insurance to Business Auto Carrier List

GMI Insurance has expanded its business auto program with the addition of Plaza Insurance Co., an admitted carrier in 47 jurisdictions. ...

GCube, Assurant Partner on Solar Project Insurance Program

GCube Insurance Services, Inc., the a provider of insurance for the renewable energy industry and Assurant, Inc., a provider of specialty ...

Liberty Mutual, CNA Are Among Big Winners at 2012 IMCA Showcase Awards

The Insurance Marketing and Communications Association (IMCA) held its annual awards ceremony last month in Denver. The awards were ...

From MyNewMarkets.com How Agents can Help Identify, Address Data Risks Small Businesses Face

A recent study revealed that organizations with fewer than 1,000 employees make up 85 percent of hackers "targets of...
Join us online Thursday July 19 for a LIVE webcast, Insurance Industry Mergers and Acquisitions Activity - hosted by Insurance Journal's Academy of Insurance - Reserve Your Spot Today
East

Dewey & LeBoeuf Seeks $104 Million from Ex-Partners

Dewey & LeBoeuf offered on Wednesday to drop potential claims against former partners if they collectively shell out up to $103.6 ...

Buffalo Region Has Highest Auto Theft Rate in New York State: Report

The New York Insurance Association said Thursday the Buffalo-Niagara Falls metropolitan area continues to have the highest vehicle theft ...

Scientists to Map Underground Faults in Va., Refine Hazard Estimates

Scientists with the U.S. Geological Survey plan to map underground faults in Virginia that caused last year's earthquake. The mapping will ...

Conn. Utility to Spend $300M to Strengthen Its System Against Storms

Connecticut Light & Power has filed a plan with state regulators to spend $300 million over five years to strengthen its system against ...

Penn.-Based Partners Specialty’s President Assumes Additional COO Role

Partners Specialty Group LLC, a nationwide independent wholesale brokerage headquartered in Horsham, Penn., said its president Maureen ...
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Midwest

Storm Caused $375,000 In Damage To Illinois Prison

Late June storms caused more than $375,000 in damage to the Dixon Correctional Center in northern Illinois. The (Bloomington) Pantagraph ...

ATV Accidents Call Attention to Risk, Safety Needs, Indiana Officials Say

All-terrain vehicles are powerful machines that should not be considered toys for children, and riders should take safety precautions, ...

Wisconsin Court: Insurer Must Defend ‘Junk’ Fax Lawsuit

A Milwaukee heating and air conditioning company's insurance provider must defend the business against allegations it sent out an ...

Minnesota's Gov. Dayton Affirms Plans for Health Insurance Exchange

Gov. Mark Dayton has reiterated his intention to continue developing a health insurance exchange for Minnesota. The Democratic governor ...
Join us online Wed July 18 for a LIVE webcast, Managing Workers Compensation Injuries - hosted by Insurance Journal's Academy of Insurance - Reserve Your Spot Today
Southeast

Allstate Dropping 10,000 South Carolina Homeowners Policies

Allstate is dropping about 10,000 South Carolina home insurance customers. The company is dropping customers who don't also carry Allstate ...

Savannah Building State-of-the-Art Storm Shelter

A state-of-the-art storm shelter being constructed in Savannah is designed to better prepare the city and its public works crews to hunker ...
South Central

BP Pays $13 M To Settle Texas Refinery Safety Probe

BP Plc on Thursday agreed to pay $13 million to settle safety violations at its Texas City, Texas refinery, paving the way for a sale of ...

Texas Home Insurance Premiums Up Since 2009

A report from the Texas Department of Insurance says that homeowners insurance premiums in Texas have gone up 21 percent since 2009. The ...

Judge Dismisses Suit Over Arrest In Arkansas

A judge has dismissed a lawsuit against the city of Springdale filed by the former mayor of an Oklahoma town. The Springdale Morning News ...

Roach Howard Smith & Barton Adds Schickling in Employee Benefits Division

Chris Schickling has joined Dallas-based Roach Howard Smith & Barton as a sales executive in the agency's Employee Benefits Division. ...

Trains Weren’t Speeding Before Fatal Oklahoma Wreck

Two freight trains were not speeding when they collided in a fiery head-on crash that killed three people in the Oklahoma Panhandle, ...

Higginbotham Expands Dallas and Houston Business Insurance Staff

Dallas-based independent insurance firm, Higginbotham, hired broker and sales producer Byron E. Johnson as executive vice president within ...
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West

Suit Says Hyundai Inflated 40 Mph Claim

A California lawsuit says Hyundai's Elantra vehicle doesn't get the advertised 40 miles per gallon. Santa Monica-based Consumer Watchdog ...

Rey Made Director of Topa's Commercial Lines

Los Angeles, Calif.-based Topa Insurance Co. has made Robert Rey director of underwriting for its commercial property and casualty lines ...

Willis Names Schubert to its Arizona Operations

Willis North America, a unit of Willis Group Holdings, named Chad Schubert as client advocate at Willis of Arizona. The appointment is ...

Theme Park Sued For Barring Amputees From Coaster

Universal Studios Hollywood has been sued for barring amputees from a theme park roller coaster. The Los Angeles Times reported the federal ...
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International

Iran Oil Shipments Skirting Tanker Insurance Ban

Iran is shipping oil to China, its top buyer, despite a row over freight terms, and Japan has taken steps to resume imports in August as ...

Global Mobile Operators May Provide New Distribution Channels: Finaccord

New research from Finaccord, the London-based market research consultancy specializing in financial services, concludes that "mobile ...

Blackstone Backs ex-AIA Chief in ING Asia Sale Race: Source

Global private equity fund Blackstone Group LP is backing Mark Wilson, the former chief of AIA Group Ltd, in the bidding for ING Groep NV's ...

Ironshore Europe Makes 3 Executive Appointments for London Office

Ironshore Europe Limited announced three executive appointments in its London office, effective immediately, "to align management ...

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LexisNexis Insurance Exchange Celebrates One-Year Anniversary

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Solvency II Advisor Sees Local Politics as Threat to Implementation

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New Discussions in the Forums

Agent no legal duty to inform on cancellations?
Posted: Wed Jul 11 -- "Never start a bad habit, it will come back with a vengence." Once you start notifying customers that they... tsorrels
AMS360 for accounting?
Posted: Wed Jul 11 -- In Quickbooks, You can create an account for each trust that you have, we have just one trust for all, and one operating account, each one... OldIndyAgent
HELP...Waiver, Rider, GL Policy, ??
Posted: Tue Jul 10 -- First, do NOT post any documents here. This is discoverable, so you do not want anything to turn up in court that is not specifically... jimmyr1978
RV Rental for Dealership
Posted: Mon Jul 9 -- Maybe progressive will do it. karenmorris
Chicago IL area insurance agencies who sell TRAVEL Insurance
Posted: Mon Jul 9 -- How much does it cost? Is it per trip or per year? karenmorris
National Agents Alliance? Legit or Keep Away?
Posted: Sat Jul 7 -- Hi guys, Is it possible to switch downlines with NAA? I was hired by someone in another city, but their team is disorganized, and it is... Cassie
WC Market for class code 9051 Home Health Care Aid
Posted: Fri Jul 6 -- Try Companion and Williamsburg National-Star. they do home health and registry type stuff. shari
Can an employer fire an employee because their pre-convicted
Posted: Fri Jul 6 -- This can also be happen if the false information were given on the employment contract regarding the previous records and employer finds out... jazz90

Reader Comments

Indiana Woman Accused of Bilking Pet Insurance Firm
Posted: Thu Jul 5 -- No..... no one will rush to judgement.... sounds all very innocent to me. hmmmmmmm
Chief Justice Roberts Viewed Differently After Healthcare Opinion
Posted: Mon Jul 9 -- You are right Planet. Leslie Marshall is a well known leftist since she has been featured on Fox many times to try to spin the Progressive... First Agent
Massachusetts Businessman Fights AT&T Over $1M Phone Bill
Posted: Tue Jul 10 -- I don't understand how it would cost $900,000.00 to call anywhere in the world....Was it a Sex Line????? Common Sense
Tropical Storm Creates New Beach on Alabama Coast
Posted: Wed Jul 11 -- why no pic or link to a pic? Mark
President Obama Signs Flood Insurance Reform Bill
Posted: Wed Jul 11 -- this is a very old article, you will notice it says proposal not law. It is also what they passed before they read it. Remember they had to... Sarah

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