Nov 26, 2012

Daily Headlines: Monday, November 26, 2012

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Insurance Journal Daily Headlines
November 26, 2012
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Today's Headlines

National

Veterans' Advocate Seeks to Change Attorneys' Role in Disability Claims

David Huffman has helped thousands of military veterans seeking disability benefits navigate the complex, often slow and at times ...

Onex Corp. of Canada to Acquire USI for $2.3 Billion

Canadian private equity firm Onex Corp. said today it has agreed to acquire insurance brokerage USI from Goldman Sachs Group's GS Capital ...

SEC Chief Schapiro to Leave Post; Walter Named Successor

The head of the U.S. Securities and Exchange Commission, Mary Schapiro, announced on Monday that she would step down from the agency on ...

Fitzpatrick Named ANV Chief Operating Officer; Will Lead U.S. Expansion

ANV Holdings BV, the Dutch-headquartered specialty insurance business and owner of Lloyd's Syndicate 1861, announced that Sean Fitzpatrick ...

State Regulators Select 20 for Insurance Consumer Program

The National Association of Insurance Commissioners (NAIC) recently named 29 consumer liaison representatives for 2013. The 20 funded and ...

Zerkovich Named Senior VP of Operations at AAIS

Joan Zerkovich has been named senior vice president of operations for the American Association of Insurance Services (AAIS), a national ...

Alterra, Ullico Casualty to Offer U.S. Professional Liability Program

Alterra Capital Holdings Limited's subsidiary Alterra America Insurance Co. has entered into a long-term partnership with Ullico Casualty ...

Investment Firm KKR to Acquire Alliant Insurance from Blackstone

Global investment firm Kohlberg Kravis Roberts & Co. L.P. said it will acquire  Alliant Insurance Services Inc., a specialty insurance ...

United Airlines Not Liable for Alleged 9/11 Security Lapse: Judge

United Airlines bears no responsibility for suspected security lapses at a Maine airport, which allowed hijackers to board the American ...

From MyNewMarkets.com More Businesses Seek Government Flood Insurance After Sandy: Marsh

More businesses are expressing interest in purchasing flood insurance coverage from the National Flood Insurance Program (NFIP) in the wake...
New class from Academy of Insurance: What every agent needs to know about D&O
East

Rebuilding After Sandy, Building for the Future

Facing the largest natural disaster since Hurricane Katrina, America's property/casualty insurers have already begun paying tens of ...

AIR Worldwide Raises Sandy Insured Loss Estimates to $16-$22 Billion

Catastrophe modeling firm AIR Worldwide today revised up its industrywide Sandy insured loss estimates to the $16 billion-$22 billion ...

New Jersey Shore Towns to Get New Flood Maps by 2013

Some residents of New Jersey's coastal towns may soon be required to purchase flood insurance, and not just because of the recent ...

Marsh Names Moylan to Lead Newly Launched Surety Practice Unit

Marsh, the insurance broking division of N.Y.-headquartered Marsh & McLennan Cos., announced last week the launch of a global surety ...

Northwest Savings Bank Acquires Bert Insurance Group of Pennsylvania

Northwest Savings Bank agreed to acquire The Bert Insurance Group, an employee benefits and property/casualty insurance agency. The Bert ...

SPARTA Insurance Names Senior VP of Underwriting in Hartford, Conn.

Hartford, Conn.-based SPARTA Insurance Co. recently appointed Tom Colosi as senior vice president of underwriting. Most recently, Colosi ...
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Midwest

Kansas Assistant Commissioner Tomlinson Accepts New State Appointment

Kansas Insurance Commissioner Sandy Praeger has announced that Bob Tomlinson, the Kansas Insurance Department's assistant commissioner, has ...

Ohio Officials Working to Get Exotic Pets Registered

State officials continue to work with owners of exotic animals to help them fully register their creatures with the Ohio Department of ...

Ohio High Court Says Skiers Assume Ordinary Risks

The Ohio Supreme Court has ruled that skiers assume the sport's ordinary risks and can only recover damages for collision injuries by ...

Lawmaker: Every Michigan Resident Should Get $500 from Health Insurer

A Republican state lawmaker says Blue Cross Blue Shield of Michigan should pay $500 for every Michigan resident as part of legislation that ...
New class from Academy of Insurance: Proper use of Premium Financing
Southeast

Alabama Bill Would Allow Guns at Work

An Alabama lawmaker is again pushing legislation that would let employees take handguns to work. State Sen. Roger Bedford, D-Russellville, ...

Florida's Citizens Under Scrutiny for Alleged Management Misconduct, Favoritism

Florida officials are seeking answers after an internal investigation into the conduct of some former and current executives of the state's ...
South Central

Commissioner: Security Breach at Nationwide Compromises Oklahoma Customer Info

Oklahoma Insurance Commissioner John Doak says a security breach at an Ohio-based insurer has compromised the personal information of 534 ...

SWBC Is New Agency of Record for Six Credit Unions

San Antonio-based SWBC Insurance Partners announced it has been named by six credit unions as their new agency of record. SWBC Insurance ...

Investigation Ongoing in Huge Texas Highway Wreck

Authorities in Southeast Texas continue to investigate a 100-vehicle highway pileup on Thanksgiving Day that killed two people. Texas ...

Arlington, Texas Issues Few Tickets to Texting Drivers

A year since it began enforcing a ban on texting while driving, a North Texas city says awareness has increased despite the small number of ...
West

New Mexico Overhauling State Insurance Regulation

As New Mexico prepares to enroll tens of thousands of people into health plans, the state is revamping the government regulator that ...

Snag In Montana Church Abuse Lawsuit Negotiations Over Policy Dispute

Settlement negotiations between hundreds of alleged sex abuse victims and the Roman Catholic Diocese of Helena may have hit a snag with the ...

California City Building 'Tsunami-Resistant' Port

It doesn't matter if the earth sways in Chile, Alaska or Japan, the formation of the sea floor along the U.S. West Coast generally aims any ...

Charge: Washington Couple Takes $223,000 In Workers Comp

A Tacoma, Wash. couple has been charged with falsely claiming workers compensation benefits and pocketing $223,000. The state Department ...

Ex-'Price Is Right' Model Gets $8.5M In Damages by California Court

The producers of  "The Price is Right" owe a former model on the show more than $7.7 million in punitive damages for discriminating ...

Toy Patent Lawsuit Ends In Favor Of Colorado Professor

A company headed by a Colorado professor who invented a strategy board game has won a $1.6 million patent infringement verdict. The Gazette ...
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International

As UK Floods Continue, ABI Urges Progress on Stalled Insurance Talks

The UK is currently experiencing a protracted series of floods, which have swept up the west coast of the country through Wales and into ...

EU's Debt Crisis Saps its Ability to Lead Climate Change Debate

The EU's debt crisis has sapped its ability to lead the way in global climate talks, which began in Doha on Monday, and to build on a ...

China's Ping An Considers Legal Action vs. NY Times after Family Wealth Expose

China's second-biggest insurance company has threatened to take legal action against the New York Times for reports that Premier Wen ...

Swiss Re Estimates Claims from Hurricane Sandy at around $900 Million Net

Swiss Re announced that its estimates of claims from Hurricane Sandy are around $900 million, net of retrocession and before tax. The ...

RSA Group Names Scicluna as its new Chairman

RSA announced the appointment of Martin Scicluna as its new Chairman. He has "considerable financial services experience having spent over ...

Brace to Join Catlin as Group Claims Director

The Bermuda-based Catlin Group Limited announced that Glenn Brace will join Catlin in early 2013 as Group Claims Director. He will be ...
Insurance Journal Blogs

What's in a Blog? Local Insurance Blog Topics - Part 2

This post is part of a series on insurance marketing and training sponsored by Astonish. In part one, I discussed why blogging is important ...

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Effects of Worldwide Economic Instability on American Companies

Despite a slightly improved economy here in the U.S., the global economy is not out of the...
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Big I's Bob Rusbuldt: Agents, the 2012 Election and the Fiscal Cliff

Bob Rusbuldt, president and CEO of the Independent Insurance Agents and Brokers of America,...

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New Discussions in the Forums

Attorney considering CPCU- thoughts?
Posted: Wed Nov 21 -- I think it's always wise to think ahead and be prepared for multiple opportunities and interests which may come along. I have several... InsuranceVet
Freight Forwarding in Ca
Posted: Wed Nov 21 -- Need gl for a small freight forwarding company in Ca. What is minimum premium if you have a market? Thanks Trotter trotter
Benelect wrap around plans
Posted: Tue Nov 20 -- We are looking to place one of our group health accounts with Benelect which is a wrap around plan. I wanted to see if anyone else has used... JAM
Automotice Diagnostic Equipment-Portable
Posted: Tue Nov 20 -- Any markets available to insure on an inland marine policy, an expensive PORTABLE piece of Diagnostic Equipment worth about $20,000 ... FARRELLS
SEO and buying back links
Posted: Tue Nov 20 -- It is always better to obtain backlinks naturally. Purchased ones don't always help if they are not on the sites that rank. NationalMCA
Astonish Results or Squid
Posted: Tue Nov 20 -- Thanks for the advice. Are you using a CRM? If so, which one and your thought on it? Thank you in advance. abenoy
Amerisure Mutual
Posted: Mon Nov 19 -- Is there an MGA/broker out there with access to Amerisure? Its a difficult market to get direct. Thanks! Halpert

Reader Comments

Obamacare Rules on Pre-Existing Conditions, Benefits, Wellness Released
Posted: Wed Nov 21 -- "Meanwhile, the administration is moving ahead to complete rule making to ensure timely implementation." I thought that the rules were in... WyomingAgent
Ex-AIG CEO Greenberg, Starr May Appeal Dismissal of Bailout Suit
Posted: Mon Nov 19 -- Greenberg & AIG caused the first domino to fall, toppling all of the others; they made up fictitious "insurance" to insure bundles of... SacFlood
Alcohol Raises Injury Risk, But Also Survival Rate
Posted: Wed Nov 21 -- There was something we could have learned from watching all those John Wayne westerns "Better take a swig of this here whiskey before I take... Original bob
Thieves Pass on Hybrid Toyota Prius
Posted: Wed Nov 21 -- I own a Volt, so that probably means there's zero chance of it being stolen. It is a wonderful car, drives like a sports car. I only use gas... .
States Given Another Month to Meet Health Exchange Deadline
Posted: Mon Nov 19 -- The last I saw about there were more states that had not agreed to set up a state exchange than agreed. In fact if I recall correctly it was... Sargent Major

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