Mar 1, 2013

Daily Headlines: Friday, March 1, 2013

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Insurance Journal Daily Headlines
March 1, 2013
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Today's Headlines

National

BP Executive Says Internal Oil Spill Probe Did Not Weigh Cost Overruns

BP Plc's investigation of its disastrous 2010 Gulf of Mexico blowout did not address the impact of cost overruns on the well, a BP ...

No Yahoo, Insurer Likes Work-at-Home Employees

For more than six years, Tammy Saunders has woken at 5:30 a.m., showered, dressed and walked upstairs - to her office. A nurse ...

FDA Seeks Feedback on New Food Safety Regulations

The U.S. Food and Drug Administration kicked off a series of public meetings on Thursday to explain its proposed new rules for improving ...

Liberty Mutual's 2012 Profit Jumps 132% to $829M Despite Q4 Net Loss

Liberty Mutual and its subsidiaries today reported 2012 fourth-quarter net loss of $234 million, with the results including $576 million ...

Best Upgrades Transatlantic Holdings and Subs ICR's; Affirms 'A' Ratings

A.M. Best Co. has upgraded the issuer credit ratings (ICR) to "a+" from "a" and affirmed the financial strength rating (FSR) of 'A' ...

Ratings Recap: American General, Philadelphia Indemnity, First Hawaii, Minnesota Lawyers Mutual, Workmen's Auto

A.M. Best Co. has affirmed the financial strength rating (FSR) of 'B+' (Good) and issuer credit rating (ICR) of "bbb-" of American General ...

ACE Releases Employment Practices Risk Management Tool

The ACE Group has created an employment practices risk management tool with a global labor and employment law firm - Littler Mendelson ...

AssuredPartners Promotes Vredenburg to EVP, Chief Acquisition Officer

AssuredPartners Inc. has promoted Paul Vredenburg to the new role of executive vice president and chief acquisition officer. In his new ...

From MyNewMarkets.com Will Wind/Hail Cosmetic Damage Exclusion Endorsements Become the Norm?

Cosmetic damage from wind and hail to homeowner and commercial properties may no longer be covered if insurers opt to use new endorsements,...
Sponsored by: Captive Insurance Companies Association (CICA). 2013 International Conference. March 10-12. West Mission Hills. Palm Springs, California. Click here for more information.
East

N.J. Gov. Christie: Fed Flood Insurance Program 'Awful'

New Jersey Gov. Chris Christie says federal flood insurance claims from Superstorm Sandy are being paid too slowly. Christie stepped up ...

Erie Indemnity Posts $160M Profit for Full-Year 2012

Erie Indemnity Company, the managing company for Erie Insurance, posted 2012 fourth-quarter earnings of $30 million, up 15 percent from ...

Virginia Police: 383 Arrests Made for Insurance Fraud, Related Offenses in 2012

The Virginia State Police Insurance Fraud Program announced it is continuing to make inroads in the fight against the crime of insurance ...

Allstate Slaps 2 N.Y. Medical Corporations With $1.7M Fraud Lawsuit

Allstate Insurance Company said it is seeking to recover $1.7 million against New York area defendants in its second insurance fraud ...
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Midwest

Panel Kills South Dakota Plan to Ban Texting While Driving

A South Dakota legislative committee has killed a bill that would have banned texting while driving statewide, despite sometimes-tearful ...

Missouri House Endorses Tougher Worker Discrimination Lawsuits

Workers suing for discrimination could have a tougher time proving their case in court under legislation endorsed by the Missouri House. ...

Genstar Capital Acquires Michigan's Acrisure

San Francisco-based private equity firm Genstar Capital LLC has acquired Acrisure, a large retail insurance brokerage headquartered in ...

DeVos Promoted to Vice President at Assurance

Melanie DeVos has been promoted to vice president, Client Services - Property and Casualty at Assurance, an independent insurance brokerage ...

Snow and Rain Shrink Drought Area of U.S. Crop Belt

Light snow fell in much of the drought-stricken U.S. Plains and Midwest crop region early Friday with a bigger storm forecast for late next ...
Southeast

Lawsuits by Fans Injured at NASCAR Race Face Obstacles

The attorney for three NASCAR fans injured last weekend during a race the day before the Daytona 500 says they are exploring a possible ...

West Virginia House Leaders Seek Review of Appeals Process

Speaker Rick Thompson and other West Virginia House leaders have proposed a study of whether the recently revised process for handling ...

Convicted Tennessee Valley Safety Contractor Awaits Sentencing

A former TVA contract safety manager wants to fire his lawyer as he awaits sentencing on a fraud conviction. The Chattanooga Times Free ...

Alabama Woman Sues Wal-Mart, Alleges Moldy Mr. Goodbar

A Huntsville, Alabama woman says in a new lawsuit that she became ill after eating a moldy Mr. Goodbar candy bar that she claims was nine ...
South Central

Oklahoma Safety Officials Rally Behind Texting Ban

The mother of a teenager killed in a traffic accident while using a cell phone delivered a tearful plea to legislators on Feb. 27 to ...

Bancroft Named Sr. Property Broker at Southwest Risk

ClearView Risk Holdings LLC (CVR), the holding company of Dallas, Texas-based Southwest Risk LP (SWR), announced that Simon Bancroft has ...

GOP-Backed Workers' Comp Plan Clears Oklahoma Senate

A Republican-backed plan to overhaul Oklahoma's workers' compensation system has been approved by the state Senate, despite concerns that ...
West

Colorado Wildfire Safeguards, Concerns with Alert System

New safeguards to prevent state-set fires from going out of control have won unanimous approval in the state Senate, and a new report is ...

Transgender Woman Sues California Baptist University For Expulsion

A transgender woman is suing California Baptist University for expelling her after she revealed on MTV's "True Life" that she is ...

California County Sued Over Prison Suicide Attempt

Parents of a convicted robber who was left brain-damaged after an alleged prison suicide attempt are suing Riverside County and the state. ...

Southern California Hotel Sued Over Corpse in Water

Two former guests of a Southern California hotel where a 21-year-old woman's corpse was found floating in a rooftop water tank have sued. A ...
Los Angeles Westin Bonaventure Hotel. March 7th 2013. Click here for more information.
International

U.S. Trade Official Says Budget Cuts Could Impair Trade Agenda

A top U.S. trade official warned that automatic budgets cuts that start taking effect on Friday could hamper ongoing U.S. trade talks in ...

BMS Group Posts 2012 Revenue Growth through Expansion

Independent broker BMS Group announced that it has "continued the momentum of its expansion in 2012 confirming revenues in excess of £63 ...

Willis UK Awarded Chartered Status by CII

Willis Group Holdings announced that its UK business has been awarded the prestigious "Chartered Insurance Brokers" status by the Chartered ...

Hartwig to Replace Patschak as Canopius Bermuda CEO

Canopius Group Limited announced that Susan Patschak, Chief Executive Officer of Canopius Bermuda has decided to step down, effective May ...

Willis Appoints Harding CEO - Captive Practice in Europe

Willis Group Holdings has appointed Lesley Harding as CEO of the Willis Global Captive Practice in Europe, effective March 1. She reports ...

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New Discussions in the Forums

Insurance Noodle vs. Superior Access vs. Agent Secure
Posted: Thu Feb 28 -- Read the fine print on contracts with the clusters and aggregators. Most have a clause where you can't directly or indirectly contract with... newportins
CA after-school GL and Auto
Posted: Thu Feb 28 -- Looking for GL/Auto market for an after-school in California. Its daily operation like: Use its own mini van to transport elementary student... antagent
Carrier technology
Posted: Thu Feb 28 -- Grange & Progressive are exceptional. Pathwayinsurance
SEO and buying back links
Posted: Thu Feb 28 -- Google has made some massive changes Is of January 17, 2013 for backlinks, one agent went from page one to page 13 for many of hi keywords... Pathwayinsurance
Imprezzio Marketing: SEO Firm
Posted: Thu Feb 28 -- "I agree with much of what d says. Here is a good thread about SEO from a few years back... Pathwayinsurance

Reader Comments

'Devil's Tooth Exorcism' Results in $3.7M Claim Against Tennessee Church
Posted: Tue Feb 26 -- Should be easy to settle "a tooth for a tooth?" Original Bob
California School District Sued Over Yoga Program
Posted: Fri Feb 22 -- "Children who have opted out of the program ..." 'nuff said on a constitutional basis. It isn't mandatory. InsGuy
A University Health System Says It Will Stop Hiring Smokers in Pennsylvania
Posted: Tue Feb 26 -- Bob, You need to find a sense of humor. Again, lighten up. You're wound tighter than a 95 year old virgin. I don't think Planet was doing... jw
Attorney Behind $43M Award for Ohio Agent Against Nationwide Insurance to File Class Action
Posted: Mon Feb 25 -- The post trial motions hearing was held on 02/20 & 02/21. Nationwide attempted to relitigate their entire case that the jury already... Former Agent Also
State Farm: No Plans to Move Illinois Headquarters
Posted: Tue Feb 26 -- Texas IS a better state in which to conduct business than Illinois. I don't think there is any arguing that. But when it comes to insurance,... Mark

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February 25, 2013
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