Jul 11, 2012

Daily Headlines: Wednesday, July 11, 2012

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Insurance Journal Daily Headlines
July 11, 2012
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Driving History Seen as Predictor of Individual’s Lifespan

It appears that bad drivers live shorter lives than good drivers and not just because they get in accidents. The same motor vehicle driving ...

Black Lung Protections for Miners Failing; Cases Continue to Rise

Black lung diagnoses have doubled in the last decade, and a new investigation blames a combination of factors, including operators who ...

Chubb Expects Up to $240 Million in Q2 Catastrophe Losses

The Chubb Corp. expects to report $200 million to $240 million in catastrophe losses for the second quarter, before taxes, due to severe ...

Many Renters Lack Insurance Despite Fear Over Fire Damage: Survey

As U.S. rental occupancy rates continue to rise, according to the U.S. Census Bureau, a new Allstate survey has found that the number one ...

American Collectors Insurance Expands Collectibles Insurance Program

American Collectors Insurance, a provider of collector-vehicle and collectibles insurance, has updated its specialty coverage for valued ...

Appalachian Underwriters, Glencar Underwriting to Offer WC, GL, Auto

Appalachian Underwriters, Inc. (AUI) has been appointed by Glencar Underwriting Managers to offer a workers' compensation, general ...

Insential, Kinsale to Offer Expanded Coverage for Hard-to-Place Risks

Insential, Inc. has joined with Kinsale Insurance Co. to offer Insential's clients expanded coverage for hard-to-place casualty business. ...

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 12 for a LIVE webcast, Property Valuation - hosted by Insurance Journal's Academy of Insurance - Reserve Your Spot Today
East

Maine Advises Residents to Assess Storm Risks, Review Flood Insurance

Maine's top insurance regulator is advising state residents to assess the risks associated with severe weather, and take steps to protect ...

2 New Agencies Join N.J.'s Consolidated Insurance Agents

Consolidated Insurance Agents, an exclusive network of independently owned and operated insurance agencies in New Jersey, added two new ...

FBI, N.Y. Police Work to Retrieve Boat Where 3 Died

FBI divers and police officials in New York are working to retrieve a yacht that capsized and sank, killing three children. The 34-foot ...

Allied World U.S. Launches Construction Casualty Unit in New York

Switzerland-headquartered Allied World Assurance Company Holdings AG has expanded its U.S. casualty operations with the launch of a new ...

Chubb, Willis Executives Join Aon Risk Solutions in New York

Aon Risk Solutions, the global risk management business of Aon plc, recently hired Edward Reilly and Joseph Russo as senior vice presidents ...
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Midwest

Health, Benefits Market Offers Growth Opportunities for Midwest Agents

For many independent property/casualty agencies, one bright spot of opportunity in an era of otherwise lackluster growth has been the ...

Marsh & McLennan Agency Acquires Security Insurance Services

Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc.,  announced the acquisition of Security Insurance ...

R&R Insurance Services Adds Katzfey as Marketing Specialist

R&R Insurance Services Inc., headquartered in Waukesha, Wis., has named Stephanie Katzfey as creative marketing specialist. Katzfey ...

Ex-Missouri Gov. Wilson Gets Probation for Improper Campaign Payment

Former Missouri Gov. Roger Wilson has been sentenced to two years of probation for misusing money to make political donations. Wilson, a ...
Southeast

Tropical Storm Creates New Beach on Alabama Coast

Within the span of a week, the Gulf built a beach in front of most of the rock wall used to close Katrina Cut. The wall was constructed in ...

Florida Property Owner to Pay $1 Million Wrongful Death Claim

The family of a woman killed in a drug-related shooting will receive $1 million from the property owner for a wrongful death claim. The ...

Mississippi Insurance Commissioner Promotes Causey, Browning

Mississippi Commissioner of Insurance Mike Chaney announced the promotions of two members of Mississippi Insurance Department personnel to ...

Kentucky to License Retailers Selling Insurance for Portable Electronic Devices

Kentucky regulators have released a new license application that will allow retailers for the first time to sell insurance to cover the ...
South Central

Some South Central Agencies See Potential in Dynamic Health, Benefits Market

The South Central region of the country, particularly Texas, has been a hotbed of activity when it comes to mergers and acquisitions of ...

Hoppe Joins Louisiana Workers' Compensation Corp. as Chief Internal Auditor

Gerald "Jay" Hoppe has joined Louisiana Workers' Compensation Corp. (LWCC) as chief internal auditor. Hoppe is a Certified Internal ...

NTSB Says Trains not Speeding Before Oklahoma Wreck

The National Transportation Safety Board says trains that collided head-on last month in the Oklahoma Panhandle weren't speeding at the ...
West

Portable Persistency Now Prop. 33; Consumer Watchdog Attacks

An initiative to establish portable persistency discounts for automobile insurance on Tuesday was assigned a number by the Secretary of ...

Colo. Fire Victims May Qualify for Immediate Flood Policies

The Federal Emergency Management Agency on Tuesday announced that residents in Colorado affected by flooding as a result of the wildfire in ...

Reitz Named President of NAPIA

Ronald R. Reitz, a certified professional public adjuster and president of Quality Claims Management in San Diego, Calif., was named ...
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International

Russian Lawmakers Ratify WTO Entry

Russian lawmakers voted on Tuesday to ratify accession to the World Trade Organization, bringing the world's largest country into the club ...

Japan Insurers Expand Cover to Boost Iran Oil Shipping Capacity

Japanese insurers are expanding their maritime coverage to allow more domestic tankers to transport Iranian crude, as Tokyo looks to keep ...

Negative Rates and Currency Wars: Commentary by James Saft

It may be better to think of the outbreak of negative interest rates as simply another weapon in an ongoing and global low-grade currency ...

Growing Amount of Space Debris Threatens Satellites: Allianz Report

A study from Allianz Global Corporate & Specialty (AGCS) warns that "man-made space junk poses a serious threat to all space vehicles ...

ABI Chides UK’s Riot Compensation Scheme for Shortchanging Londoners

A bulletin from the Association of British Insurers (ABI) indicates that "while insurers reacted quickly to help customers hit by last ...

Fitch Affirms Lloyd’s ‘A+’ Ratings; Outlook Stable

Fitch Ratings has affirmed Lloyd's of London's Insurer Financial Strength (IFS) rating at 'A+', and the Society of Lloyd's Long-term Issuer ...
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
Sponsored Content

Arrowhead General Insurance Agency, Inc. Appoints New Chief Information Officer & Chief Technology Officer

San Diego, CA, 07/11/2012 – Arrowhead General Insurance Agency, Inc., one of the country's largest property and casualty insurance ...
Insurance Journal Blogs

Burand’s Agency E&O Blog: Tip #6

Offer all clients higher liability limits. One of the most common E&O claim examples virtually ever producer and CSR knows is this: ...

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Insurance Journal TV

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LexisNexis Insurance Exchange Celebrates One-Year Anniversary

The LexisNexis Insurance Exchange – an online single-entry submission system that...
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Solvency II Advisor Sees Local Politics as Threat to Implementation

Colm Fagan is one of Ireland's most respected insurance executives. He is a member of the...

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New Discussions in the Forums

Agent no legal duty to inform on cancellations?
Posted: Tue Jul 10 -- From original person who posted this thread: Don't forget...if you do reach out to any customer then you are then binding yourself legally... surestart12345
AMS360 for accounting?
Posted: Tue Jul 10 -- This is a very interesting topic. I would like to have your input on how to calculate the right amount of earned commission amount that I... insstudent
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
With Supreme Court Ruling In, Employers Turn to Healthcare Law's Requirements: Mercer
Posted: Tue Jul 10 -- One last comment. I had an email sent to me which, if it were not so true, would be amusing. I checked some data and revised it. Here we... Sargent Major
Iowa to Pay $3.75M for Boy's Injuries
Posted: Fri Jul 6 -- Settlement without a costly trial (in terms of both money and emotions) is to be applauded. Ruminator
Texas Governor Refuses to Implement Insurance Exchange, Expand Medicaid
Posted: Tue Jul 10 -- Texas ranks last in providing healthcare to its citizens: "The Agency for Healthcare Research and Quality looked at hospitals, clinics,... Stephen Tallinghasternathy
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

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