Mar 11, 2013

Daily Headlines: Monday, March 11, 2013

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Insurance Journal Daily Headlines
March 11, 2013
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

MetLife Moving 2,600 Jobs to North Carolina from Northeast, California

Insurance giant MetLife Inc. said last week that it will move 2,600 jobs from offices in four Northeast states and California to lower-cost ...

Commercial Insurance Prices Up 7% in Q4 2012: Towers Watson

Commercial insurance prices rose by almost seven percent in aggregate during the fourth quarter of 2012, marking the eighth consecutive ...

Scientists Criticize Nuclear Plants Over Safety

More than one-third of U.S. nuclear power plants suffered safety-related incidents over the past three years, and nuclear regulators and ...

Few Problems Expected from El Niño This Summer: NOAA

The National Oceanic and Atmospheric Administration, a key U.S. weather forecaster, has extended into the summer its view that the El Niño ...

Former White Mountains' Chair, GEICO Rescuer Byrne Passes Away

On March 9, Bloomberg reported the passing of John "Jack" Byrne, the former chair of White Mountains Insurance Group, who is best known for ...

Project CAP Launches Year-Long Agency Preparation Tool: Agency 2020

Project CAP has launched Agency 2020, a new program to provide independent agencies with insights and resources to help them create and ...

Intellectual Property Insurance Launches IP Abatement Product

Intellectual Property Insurance Services Corporation (IPISC) has launched its latest IP insurance product, InventPro Abatement Insurance, ...

From MyNewMarkets.com Where to Find the Best Possible Cyber Coverage

There are many cyber insurance products available for purchase, and each is somewhat unique. Some products are more comprehensive than...
Carrier Management

Complexion of Insurance Company Boards Changing

Insurance...
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East

Sandy-Damaged Homes Hit Market at Bargain Prices

It sounds like the premise for a new reality TV series: ``Hurricane House" -- people scouring waterside communities looking to buy homes ...

Conn., N.J. and N.Y. Lawmakers Decry Sandy Cuts

Three Democratic members of Congress from Connecticut, New Jersey and New York are voicing concerns about automatic federal budget cuts ...

New York's Fracking Health Study Results Likely Years Off

A health study cited by leading environmentalist Robert F. Kennedy Jr. as pivotal in helping persuade Gov. Andrew Cuomo to hold off on ...

Marsh & McLennan Companies Appoints Treasurer in New York

Marsh & McLennan Companies Inc. announced the appointment of Helen Shan as vice president and treasurer. She is based in New York. Shan's ...

Massachusetts Commissioner Murphy Holds Insurance Awareness Event

Massachusetts Insurance Commissioner Joseph Murphy and his staff held an insurance awareness and education event at the South Station, a ...
Midwest

XL Group Names Huels to Lead Surplus Lines' GL Team in Chicago

XL Group plc's surplus lines team continues to grow with the addition of Matthew Huels who joins as vice president and general liability ...

Wisconsin Woman Loses Privacy Lawsuit Against Google

A federal appeals court has dismissed a Wisconsin woman's lawsuit against Google Inc. alleging that it was using her name to generate ...

Audit: Wisconsin Medical Malpractice Fund Healthy

A new report says Wisconsin's medical malpractice insurance fund is rebounding from a massive transfer and the economic downturn. The ...
Southeast

Kentucky Panel Revives Christian Health Bill, Confirms Clark as Commissioner

A Christians-only health care ministry would be allowed to resume operating in Kentucky under a measure that had been languishing in the ...

South Carolina's Top NFL Prospect Clowney Buys Insurance Policy

South Carolina All-American Jadeveon Clowney has purchased a $5 million insurance policy to protect himself financially for the 2013 ...
South Central

Marsh & McLennan Agency Names Gruppo Southwest Regional CEO

Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc., has appointed Anthony Gruppo as regional CEO for MMA's ...

Arkansas Gun Maker Limits Law Enforcement Sales as Protest

Wilson Combat, an Arkansas-based maker of custom firearms, is joining other small manufacturers across the county in adopting no sale ...

Gallup: Texas Uninsured Rate Rises, Sets Record

A new Gallup poll reports that Texas has the highest percentage of people ever recorded without health insurance at 28.8 percent. The poll ...

Oklahoma House Votes to Modernize Disaster Recovery System

Legislation to create a disaster recovery information website that is more accessible and that would allow multiple contributors including ...

BP Faces August 2014 Trial on Shareholders' Gulf Spill Claims

A U.S. civil trial has been set for Aug. 25, 2014, regarding accusations that BP Plc committed fraud by misleading shareholders before and ...
West

New Mexico Drunken Driver Sues Buddy, Restaurants

A repeat drunken driver convicted in a crash that killed two teenagers has sued his drinking buddy and two Santa Fe restaurants that served ...

Wrongful Death Lawsuit in Idaho Filed On Behalf Of Marine

A wrongful death lawsuit has been filed against the owners of a Meridian apartment building and its property management company after an ...

Colorado Democrat Defeats Own Assault Weapon Liability Bill

A divisive proposal to hold sellers and owners of assault weapons liable for damages in Colorado shootings was defeated by the Democratic ...

Jury Nails Firm with $23M in California Nursing Home Death

A Sacramento Superior Court jury hit Emeritus Corp. with $23 million in punitive damages in the wrongful death and elder abuse lawsuit ...
International

China PICC Group Sees Shanghai Listing in 2013 Second Half

Chinese state-owned People's Insurance Company of China Group (PICC), one of the country's largest insurers, could complete an A-share ...

Japan's Clean-Up from 2011 Tsunami, Nuclear Accident Lagging

Two years after the triple calamities of earthquake, tsunami and nuclear disaster ravaged Japan's northeastern Pacific coast, debris ...

Britain's Barclays, RBS Hit Over High Compensation Scheme

Britain's Barclays and RBS paid more than 500 staff over 1 million pounds ($1.5 million) in 2012, a year when both were embroiled in rate ...

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Gordy Bunch on Growth at The Woodlands Financial Group

Richard "Gordy" Bunch, president and CEO of The Woodlands Financial Group, readily concedes...
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Cost of Disaster Relief: IBHS CEO Rochman

Why does it seem easier for society and, in particular, government to respond by spending lots...

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New Discussions in the Forums

Online Competition
Posted: Mon Mar 11 -- I have always found D's postings to be insightful and interesting. while I think the market trend that he has identified for on line... William Graham
Market for GL for metal fabrication manufacturing co
Posted: Mon Mar 11 -- If he's making them just for himself, then there are no legalities. If he's making them to give or sell to others, he needs the 07 FFL... Brave21
Non compete lawsuit
Posted: Sat Mar 9 -- My husband got his 215 license in Florida and came on board at the company I worked for about a year ago (I am not licensed, did the... Shadow121
What is your biggest pain as an agent?
Posted: Fri Mar 8 -- "Re: What is your biggest pain as an agent? by Pathwayinsurance Thu Mar 07, 2013 8:21 pm Did anyone mention bad employees?... NCInsCo
Surety Bonds
Posted: Fri Mar 8 -- Aptivemedia: We specialize in surety bonds and insurance for contractors and maybe I can help. "When assisting clients, what factors help... szinecker
Insurance Noodle vs. Superior Access vs. Agent Secure
Posted: Fri Mar 8 -- That's a great point, some strongly advocate clusters but would it not be better to obtain a direct appointment on your own? Pathwayinsurance
Roofing General Contractors
Posted: Fri Mar 8 -- Seems as if Insurance for general contractors who are roofers is drying up in the state of Ohio! (Paper roofing Companies that subcontract... Pathwayinsurance

Reader Comments

States with More Gun Laws Show Lower Rate of Firearm Fatalities: Study
Posted: Thu Mar 7 -- This study offers little relevance because it includes two population segments where one dilutes the results from the other. It would be... Tucc
Florida's Citizens Sued for Denying Mitigation Discounts
Posted: Tue Mar 5 -- Yeah, you aren't going to get a discount by just nailing up some shutters from home depot. They have to be the correct shutters, correctly... Mark
Alabama Woman Sues Wal-Mart, Alleges Moldy Mr. Goodbar
Posted: Tue Mar 5 -- First off, it HAD to taste bad- why continue eating it? Secondly, chocolate rarely 'goes bad'- while it may be stale, the peanuts may have... bela
St. Louis Company Wins Suit over Bowl-Shaped Chip
Posted: Thu Mar 7 -- The litigators must have loved these two companies! Imagine making money by arguing case law over the shape of a chip. Huh!
Nevada Measure Would Create Liability For Addictive Drugs
Posted: Fri Mar 8 -- Let's look at this from both sides... On one hand it's not a bad idea because it would make doctors actually pay attention to their patients... TN

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March 11, 2013
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Hospitality Risks Directory; Homeowners & Auto; Public Entities

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